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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U.S. DEPARTMENT OF LABOR William E. Brock, Secretary Regional Commissioners for Bureau of Labor Statistics Janet L. Norwood, Commissioner Region I—Boston: Anthony J. Ferrara Kennedy Federal Building, Suite 1603 Boston, MA 02203 Phone: (617) 565-2331 Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont The Monthly Labor Review is published by the Bureau of Labor Statistics of the U.S. Department of Labor. Communications on editorial matters should be addressed to the Editor-in-Chief, Monthly Labor Review, Bureau of Labor Statistics, Washington, DC 20212. Phone: (202) 523-1327. Region II—New York: Samuel M. Ehrenhalt 1515 Broadway, Suite 3400, New York, NY 10036 Phone: (212) 944-3121 New Jersey New York Puerto Rico Virgin Islands BUREAU OF LABOR STATISTICS Subscription price per year— $16 domestic; $20 foreign. Single copy $4.75 domestic; $5.94 foreign. 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Cruse 1371 Peachtree Street, N.E., Atlanta, GA 30367 Phone: (404) 347-4418 Alabama Florida Georgia Kentucky Mississippi North Carolina South Carolina Tennessee Region V—Chicago: Lois L. Orr 9th Floor, Federal Office Building, 230 S. Dearborn Street Chicago, IL 60604 Phone: (312) 353-1880 Illinois Indiana Michigan Minnesota Ohio Wisconsin Region VI—Dallas: Bryan Richey Federal Building, Room 221 525 Griffin Street, Dallas, TX 75202 Phone: (214) 767-6971 Arkansas Louisiana New Mexico Oklahoma Texas Regions VII and VIII—Kansas City: Gunnar Engen 911 Walnut Street, Kansas City, MO 64106 Phone: (816) 374-2481 VII Iowa Kansas Missouri Nebraska VIII Colorado Montana North Dakota South Dakota Utah Wyoming May cover: "Fulton Fish Market", a 1936 lithograph by Louis Lozowlck, Photograph courtesy National Museum of American Art, Washington, D.C. Cover design by Richard L. Mathews https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Regions IX and X—San Francisco: Sam M. Hirabayashi 450 Golden Gate Avenue, Box 36017 San Francisco, CA 94102 Phone: (415) 556-4678 IX American Samoa Arizona California Guam Hawaii Nevada Trust Territory of the Pacific Islands X Alaska Idaho Oregon Washington r e s e a r c h l ib r a r y Federai Reserve Bank MONTHLY LABOR REVIEW MAY 1987 VOLUME 110, NUMBER 5 Henry Lowenstern, Editor-in-Chief Robert W. Fisher, Executive Editor Craig Howell and others 3 of St. Louis JUN 0 « 1987 Sharp drop in energy prices holds inflation in check during 1986 Lower prices for crude oil result in Consumer Price Index rise of 1.1 percent, the smallest advance since the 1960’s; producer prices decreased 2.5 percent John Lacombe,\loan Borum 10 Major labor contracts in 1986 provided record low wage adjustments Negotiations again focused on curbing labor costs and saving jobs through small wage increases, wage decreases, and freezes Sheldon E. Haber and others 17 On their own: the self-employed and others in private business The U.S. Survey of Income and Program Participation provides new information on small enterprises, including earnings of owners and the number of employees A. S. Herman, J. E. Henneberger 24 Productivity in the furniture and home furnishing stores industry Overall output per hour was above average from 1967 to 1985, reflecting a 4.8-percent increase in output and a 1.8-percent rise in employee hours REPORTS Richard M. Devens, Jr. Margaret Hilton, Ronnie Straw https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 30 32 Industrial structure and jobless rate of experienced workers Cooperative training in telecommunications DEPARTMENTS 2 30 39 41 45 49 Labor month in review Research summaries Major agreements expiring next month Developments in industrial relations Book reviews Current labor statistics Labor Month In Review EWAN CLAGUE, 1896-1987. Ewan Clague, the sixth Commissioner of Labor Statistics, died on April 12. In the 103-year history of the Bureau of Labor Statistics, he served longer than any other commissioner except Carroll D. Wright, the first commis sioner. From August 1946 to October 1965, he guided the Bureau through some of the most tumultuous years in the nation’s economy. Clague became commissioner just as Con gress, in a wave of postwar austerity, cut federal spending severely, including a 40-percent cut in the staff of bls . Faced with problems of staff loss and staff morale, eliminated and reduced statistical programs, and disaffection by trade unions and busi ness, he set about immediately to repair the damage. It is a measurement of his achievement that when he retired in 1965, the bls budget had tripled, the staff and its morale had been restored, relations with trade unions and with business were on an even keel, and— perhaps most important—new statistical pro grams had been introduced and old pro grams enhanced, all in response to expressed need for information about the economy. Data expansion. During Clague’s 41/2 terms at the bls helm, he presided over the estab lishment of the basic outline of bls statisti cal programs: • primacy o f bls in the measurement of employment and unemployment; • end of wartime controversy over the “ cost of living index” and the explosive ex pansion of the use of the “ Consumer Price Index” as an escalator; https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • expansion and strengthening of the Wholesale (Producer) Price Index; • institutionalization of recurring con sumer expenditure surveys for updating the Consumer Price Index; • institutionalization of recurring indus try, area, and white collar wage surveys; • development of economy wide and in dustry productivity measures; • development and use of the occupation al outlook program as a guide to future wor ker training needs; • inception of regular international statistical comparisons; and • preparation of special studies of safe ty and health statistics, looking to the na tional program of the 1970’s and 1980’s. Pioneer. From the vantage of our 1980’s craving for detailed, useful statistics, we may fail to appreciate the resistance and in difference encountered by statistical pioneers such as Clague as they sought to provide a statistical system that would meet the needs of a world power. He came to this daunting task well pre pared. Born on a farm in Washington state, he graduated from the University of Washington, participated in the ambulance corps during World War I, and returned to school after the war, earning a Ph.D in eco nomics from the University of Wisconsin. In a varied career, he apprenticed at the bls in the 1920’s, developing measures of productivity, conducted research at the Metropolitan Life Insurance Company, Yale University’s Institute of Human Relations, and the Pennsylvania School of Social Work. During the 1930’s, he served on the Committee on Government Statistics and In formation Services, and later moved to the Social Security Board where he became the director of Research and Statistics and later headed the federal/state unemployment com pensation program. In 1946, he came to the BLS. Paramount consideration. In The First Hundred Years of the Bureau of Labor Statistics, authors Joseph P. Goldberg and William T. Moye wrote: “ Maintaining pub lic confidence was a paramount considera tion for Clague as he adapted and extended the Bureau’s programs to meet changing need. Upon his appointment, he established formal advisory relations with the trade un ions; contacts with the unions had been cur tailed as a result of the wartime controversy over the cost-of-living index. And shortly thereafter . . . he formed a business advisory committee. The committees consisted primarily of technicians in the fields of eco nomics, statistics, and labor relations. Clague later suggested that it was through their experience with these advisory groups that General Motors and the Auto Workers gained sufficient confidence in the Bureau’s statistics to adopt the cpi for wage escala tion in 1948. “ Clague’s success in keeping the Bureau’s statistics trustworthy was attested by the findings of the various commissions, com mittees, and teams of experts which exa mined the Bureau during his many years in office and upheld the integrity and impar tiality of its work.” —R .W .F. □ Sharp drop in energy prices holds inflation in check during 1986 Lower prices for petroleum products result in Consumer Price Index rise of 1.1 percent, the smallest advance since the 1960’s; producer prices decreased 2.5 percent C r aig H o w e l l , R o g er B u r n s , and A n d r e w C lem Inflation seemed to vanish in 1986. A slight increase in consumer prices was a contrast to the economy of the 1970’s, when double-digit price increases appeared. Fur thermore, producer prices actually fell across a broad front for the first time since the early 1960’s. The continuing decline in energy prices resulted in the Consumer Price Index ( cpi ) advancing only 1 . 1 percent dur ing the 12-month period ended in December. This rise com pares with increases of about 4 percent in each of the 4 preceding years and was the smallest annual change since a 0.7-percent rise in 1961. Falling energy prices had an even larger impact on the Producer Price Index ( ppi). The finished goods price index turned lower for the first time since 1963, declining 2.5 percent; it had risen less than 2 percent in each of the 3 preceding years. The intermediate goods price index fell 4.4 percent over the year after rising slowly from 1982 through 1984 and edging down slightly in 1985. The 1986 decreases for both these major stage-of-processing indexes were the largest annual declines since 1949. The drop of 9.7 percent in the crude goods price index was considerably more than the declines recorded in 1984 and 1985 and marked the largest decrease since 1952. The sharp declines in energy prices and their broad impact Craig Howell, Roger Bums, and Andrew Clem are economists in the Office of Prices and Living Conditions, Bureau of Labor Statistics. They were assisted by Mary Lynn Schmidt and Doug Robertson, economists in the same office. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis on the cpi are shown in table 1. The 19.7-percent drop in energy prices was almost entirely responsible for the decel eration in the c p i . Excluding energy, the index increased 3.8 percent during 1986, compared with increases of between 4 and 4.5 percent in each of the prior 4 years. The food index advanced 3.8 percent in 1986, largely reflecting an upturn in meat and poultry prices. Shelter costs, however, rose somewhat less in 1986 than in other recent years, increasing 4.6 percent. The index for all items excluding food, shelter, and energy continued to slow. Within this group, however, price movements for commodities and services continued to be different. Charges for these other services remained in the 5- to 6-percent range, while other goods prices rose only 1.4 percent in 1986. Energy in the ppi for all three stages of processing— crude materials, intermediate goods, and finished goods— regis tered sharper declines than in the c p i . The 1986 declines in the ppi energy measures were substantially larger than in 1985 and more than offset a moderate acceleration in the prices for nonenergy goods. (See table 1.) By the end of 1986, the economic expansion had entered its fifth year, with few signs of either an impending reces sion or a resurgence of double-digit inflation. Labor costs continued to move up at only a modest pace, indicating a lack of pressure on current prices. The Employment Cost Index decelerated steadily after peaking at near double-digit rates in 1980, with total compensation for private industry workers advancing only 3.6 percent for the year. In addi tion, growth in output was sluggish in 1986, with capacity 3 MONTHLY LABOR REVIEW May 1987 • Energy Prices Holds Inflation in Check in 1986 Table 1. Percentage changes for major categories of the Consumer Price Index and Producer Price Index, 1982-861 In d e x 1982 1983 1984 1985 1986 3.9 1.3 -5.0 14.1 4.2 3.1 2.4 3.8 - .5 -3.2 4.1 4.4 2.6 4.7 4.0 .2 -1.9 3.4 4.5 3.8 5.2 3.8 1.8 3.4 - .5 4.0 2.7 6.0 1.1 -19.7 -30.5 -3 .3 3.8 3.8 4.6 6.1 5.5 7.3 5.0 5.0 4.9 4.4 3.1 6.0 3.7 2.2 5.4 3.4 1.4 5.6 3.7 -.1 4.2 .2 - .7 .6 -9.2 2.0 1.8 -5.5 1.7 -4.1 2.5 1.3 -.1 1.8 -.3 2.1 -.3 -.8 -2 .5 -39.1 2.7 -4 .4 -28.9 .5 .4 2.6 -.7 3.2 4.7 -4.6 9.6 1.6 -1.6 -1.3 -1.7 -.2 -5.6 -4.9 -6.0 .2 -9 .7 -29.4 -.9 C o n s u m e r P r ic e In d e x All Items ........................................... Energy........................................... Energy commodities ................. Energy services ....................... All Items less energy..................... F o o d ........................................... Shelter ...................................... All items less food, shelter, and energy.................................... Other commodities............. Other services ................... P r o d u c e r P r ic e In d e x Finished goods ................................ Finished energy g o o d s ................. Finished goods less energy........... Intermediate materials ..................... Intermediate energy g o o d s ........... Intermediate materials less energy ...................................... Crude m aterials................................ Crude energy materials................. Crude materials less e n e rg y ........ 1 Calculated on a December-to-December basis. utilization rates below 80 percent and civilian unemploy ment 6.7 percent at yearend. These factors offered little in the way of cost pressure on prices. Measures taken by policymakers, designed to stimulate growth by depreciating the dollar and lowering interest rates, had only a minor impact on prices, but could con tribute to inflation in the longer term. However, the value of the dollar did not fall uniformly against currencies of all other nations. Thus, price advances for some commodities will continue to be restrained by competition from abroad. Interest rates generally declined throughout the year, eas ing the debt burden for many companies; nevertheless, ex penditures for capital investments decreased, in part because of the uncertainty associated with changes in business tax policies. Widespread warnings about excessive personal debt went largely unheeded as consumer expenditures con tinued to play a major role in sustaining the overall expan sion. Real residential investment spending climbed strongly early in the year, but then slowed. In this article, we first examine price changes during 1986 for the c p i . We then focus on price changes for all major components of the pp i . Consum er prices Energy The deceleration in the overall cpi in 1986 was almost entirely attributable to the sharp drop in energy prices, down 19.7 percent. Prices for commodities and services within energy, as well as within the overall c p i , continued to di verge. o p e c ’ s decision in late 1985 to formally abandon production quotas led to plunging crude oil prices and re sulted in sharp declines in consumer prices for energy com 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis modities. Retail gasoline prices dropped 30.7 percent and fuel oil prices decreased 33.4 percent in 1986. While these prices declined more rapidly during the first half of the year, attempts to stabilize markets and increase prices met with only limited success. At yearend, gasoline and fuel oil prices were 38.7 and 40.4 percent, respectively, below their peak levels in early 1981. The index for energy services— natural gas and electric ity— also declined in 1986, but by substantially less than the index for energy commodities. Charges for natural gas and electricity declined 5.8 and 1.5 percent, respectively. Food Retail food prices rose 3.8 percent in 1986, after increas ing 2.7 percent in 1985. In 1986, the food at home compo nent increased 3.6 percent, while prices for food away from home rose 4.3 percent. Prices for grocery foods advanced substantially more in the second half of the year, partially due to the severe drought during the late spring in the South east. The acceleration in grocery prices during the last 6 months of 1986 was largely concentrated in the meats, poul try, fish, and eggs index and the fruits and vegetables index. After registering declines during the first 6 months, these components increased at double-digit rates during the last half of the year. For the year as a whole, the meats, poultry, fish, and eggs group increased 6.4 percent and accounted for over 55 percent of the increase in the food at home index. All other major grocery food groups rose 3.0 percent or less in 1986. Shelter The 1986 rise in shelter costs, up 4.6 percent, was the smallest increase in this component since the rental equiva lence approach to the measurement of homeowners’ costs was adopted in 1983. Prior to 1983, the measurement of shelter costs for homeowners included investment costs as sociated with purchasing a housing asset; these costs were inappropriate for the c p i . Historically, shelter costs, princi pally reflecting the increase in interest rates, were a major cause of the double-digit inflation during 1979, 1980, and the first part of 1981. Conversely, when mortgage interest rates dropped sharply in 1982, the shelter index was a major factor in the slowdown of the overall c p i . Since the shift to an owners’ equivalent rent measure for homeowner shelter costs, the volatility of the shelter component has been damp ened. While the rise in shelter costs slowed, both the mag nitude and the speed of adjustment were much less than in the overall c p i . Other services Price increases for other services except shelter and en ergy did not, on average, contribute to the further slowdown in prices in 1986 and have remained in the 5- to 6-percent range over the last 4 years. While considerable variance exists in the magnitude of the service groups increases in 1986, the service component of all major expenditure groups rose more than the commodities portion of these groups. Nevertheless, some individual components in these service groups slowed substantially or even declined; per haps most dramatic was the sharp drop in automobile finance charges as interest rates generally declined and auto mobile manufacturers made extensive use of below-market rate financing in order to stimulate car sales. With a 7.3percent drop in 1986, these charges have declined in 3 of the past 4 years. In addition, substantial price reductions in interstate long distance toll calls have occurred in each year since the a t &t divestiture on January 1, 1984. These de clines, however, have been more than offset by the increases in local telephone charges. In each of the last 3 years, the increase in the costs of all telephone services— local, intra state, and interstate— exceeded the increases in the overall CPI. Most services, however, continued to post substantial price increases in 1986 and some even accelerated. The cost of medical care services, which increased at double-digit rates during the 1973-82 period, slowed during 1983-85, advancing about 6 percent a year. In 1986, these charges rose 7.9 percent. Other service components that registered large increases in 1986 included automobile insurance costs, up 11.8 percent, and charges for tuition and other school fees, up 7.9 percent. Other commodities Even excluding the sharp drop in the energy index and lower prices for used cars, prices for commodities rose at a much slower rate than those for nonenergy services. This divergence in commodity and service prices suggests that commodity prices in this country may have been affected by lower priced imports resulting from the high value of the dollar relative to the currencies of other countries. When the dollar appreciated from 1981 to March 1985, foreign suppliers of imports received the same income in their own currency by selling the same quantity of imports at lower dollar prices, as each dollar received by them com manded a greater amount of their own currency. After the dollar began depreciating, several factors still existed that helped to delay any inflationary impact. The effects of the changing value of the dollar on import prices can be delayed or reduced substantially as a result of changing profit mar gins of suppliers, the necessity to revise dollar-denominated contracts, and specific trade restrictions such as import quotas. Also, changes in the rates of exchange between the dollar and the currencies of the Nation’s various trading partners have not been uniform. While the dollar has depre ciated significantly against the yen and a number of major European currencies, there has been little change against the currencies of many less developed countries that are signif icant trading partners. Further, the relative price level of imports may be strongly affected by the growth rate of the domestic economy. Although U.S. economic growth has https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis been quite modest, it still exceeds that of many of the coun try’s principal trading partners. Thus, a large number of factors may have intervened to minimize the price-reducing effect of the 1981-85 dollar appreciation, and these same factors may vitiate or delay any inflationary impact of the post-March 1985 devaluation. From June 1982 through March 1985, as the dollar was appreciating, prices paid by importers for consumer com modities (other than energy, food, and used cars) edged up at an annual rate of only 0.7 percent, while prices paid by consumers for the same set of commodities rose at an annual rate of 3.0 percent. In the 21 months following the March 1985 peak value of the dollar, these import prices accelerated sharply, rising at an annual rate of 8.1 percent, while the corresponding retail prices rose at a much slower rate, only 2.6 percent. Prices charged by importers did not show any obvious impact of the dollar devaluation until December 1985. At the end of 1986, however, prices paid by consumers had advanced 10.3 percent. Comprehensive analysis relating import prices to changes in consumer prices is difficult. There has been, however, some recent evidence of larger consumer price increases for import-affected items. In 1986, new car prices rose 5.8 percent, their largest increase since 1981. In addition, prices for apparel commodities, housefumishings, and housekeep ing supplies— components which contain commodities with higher than average import proportions— accelerated in the second half of 1986. The largest increases in other commod ity prices in 1986, however, occurred in areas with little import penetration: medical care commodities and tobacco products. These components have not accelerated, but rather continued to advance at rates well above most other commodities. Producer prices Crude goods Following decreases of 1.6 percent in 1984 and 5.6 per cent in 1985, the ppi for crude materials for further process ing fell 9.7 percent during 1986. Price indexes for crude petroleum and natural gas plummeted after showing much smaller declines in 1985, but price decreases for nonenergy materials were not as large as in the previous year. Energy. The crude energy materials index fell 29.4 per cent following a drop of 4.9 percent in 1985. In response to the breakdown in the pricing discipline of the Organization of Petroleum Exporting Countries ( opec ), Saudi Arabia in late 1985 reversed its previous policy of restraining its oil production. Competitive underbidding by certain oil pro ducing countries accelerated during early 1986 as prices for crude oil began to plummet. However, crude petroleum prices rebounded somewhat during the third quarter, follow ing an August opec announcement of production cutbacks. 5 MONTHLY LABOR REVIEW May 1987 • Energy Prices Holds Inflation in Check in 1986 The war-related financial burdens of Iran and Iraq and the debt-servicing needs of certain other oil producing nations both contributed to the ending of o p e c ’ s pricing discipline before 1986. In the longer term, a number of factors have contributed to the fundamental transformation of the global petroleum market. Expanded production by non-OPEC na tions has gradually taken a larger share of the world market in the 1980’s. In the United States, the cumulative effect on demand of the 1973 and 1979 energy price increases was reflected by the 17-percent decline in petroleum consump tion between 1978 and 1985. Domestic prices for crude petroleum and most refined products fell by nearly 50 percent in 1986. This decrease represented an unprecedented disinflationary advantage to the American economy, helping to maintain the momentum of growth despite the problem of the trade imbalance. After falling 7.8 percent in 1985, the natural gas index plunged a record 21.6 percent. Natural gas producers low ered their prices during most of the year to remain compet itive with falling prices for petroleum-derived heating fuels. This index climbed in the early 1980’s, but fell 31.1 percent from its March 1983 peak by December 1986. Coal prices edged down over the year. Foodstuffs. The index for crude foodstuffs and feedstuffs moved down 1.7 percent, much less than the 6.4-percent drop in 1985. Contributing to this slowdown of price de creases was an advance in fluid milk prices that contrasted with a substantial decrease the previous year. For several years, the dairy industry has experienced low milk prices, resulting from milk overproduction; therefore, the Govern ment created the Dairy Termination Program, which pays farmers to sell or slaughter their dairy cows, reducing milk production and raising prices in 1986. After dropping in 1985, hog prices advanced strongly in mid-1986, reflecting restricted supplies after several years of stock reductions. Price decreases slowed for cattle; although slaughter rates remained high, low feed prices enabled some farmers to hold their cows off the market during the second half of the year. Raw cane sugar prices moved up after falling in 1985, in response to the lowering of the Government ceiling on import shipments for that commodity. Increased domestic and world supplies of grains and feed stuffs, along with reduced U.S. Government price supports for grains, put downward pressure on their prices. Domestic com prices dropped more than 30 percent because of good harvests, larger carryover stocks, and limited storage facili ties that compelled farmers to sell off their holdings to make room for new harvests. Record carryover stocks for wheat contributed to a price decline of more than 18 percent. Prices for hay and soybeans dropped at double-digit rates for the third consecutive year. Hay demand was down because of improved pasturing, while soybean stocks were high and exports were off. 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Industrial materials. The index for crude nonfood materi als other than energy turned up 1.6 percent, after declining in both of the 2 preceding years. Prices were particularly active in the latter half of 1986, with the index falling at a simple seasonally adjusted rate of 6.7 percent during the third quarter and then rising 1.9 percent in the fourth quar ter. In large part, this pattern was due to volatile prices for raw cotton. A new Government program, instituted in August 1986 to make American cotton competitive on inter national markets, initially caused domestic prices to drop almost 60 percent (thereby matching the world price level). However, by the end of the year, the world price for raw cotton (adjusted to U.S. quality and specifications) had jumped over 70 percent, partly reflecting poor weather in growing regions abroad; in addition, the U.S. price climbed above the world price level as a result of stronger demand from domestic cotton mills, tight supplies of quality cotton due to crop damage, and increased export demand. Despite this late surge, the December 1986 price for domestic raw cotton was still below its December 1985 level, although the price decrease was less than those registered in 1985 or 1984. Several factors contributed to the upturn in raw material prices in 1986. Ferrous scrap prices advanced after declin ing in the preceding 2 years. Following 2 years of decreases, aluminum base scrap prices rose with the expectation of an improving market for aluminum during the spring. How ever, these scrap prices remained unchanged during light trading in the second half, when the market for primary aluminum proved to be weak. After falling in 1985, prices for heavy yellow brass scrap turned up in accord with strongly advancing prices for primary zinc. Wastepaper prices soared 52 percent after plummeting in 1985, as paper mill demand increased sharply and exports moved up. Prices also advanced for cattle hides and domestic apparel wool. Price declines slowed for leaf tobacco. However, prices turned down for logs and timber as falling fuel prices reduced business costs. Construction sand and gravel showed smaller price increases, as transportation costs fell with decreasing fuel prices. Intermediate goods Contrasting with the mild pattern of movements experi enced since the early 1980’s, the ppi for intermediate mate rials, supplies and components dropped 4.4 percent during 1986. However, virtually all of the impetus behind this downturn came from the energy sector. The index for inter mediate goods excluding foods and energy remained nearly unchanged for the second year in a row. One unusual feature of 1986 index changes for this category and its main stageof-processing components is the close similarity to corre sponding changes of a year earlier. Energy. The index for intermediate energy goods plunged 28.9 percent during the year, following relatively small declines in recent years. Prices for diesel fuel, residual fuel, and jet fuel each fell nearly 50 percent. Less uniformity was shown in 1985, when residual fuel declined 15.6 percent, jet fuel moved down moderately, and diesel fuel rose nearly 6 percent. Liquefied petroleum gas prices fell 52.4 percent during 1986, closely paralleling refined product movements during the year. Reduced fuel generation costs likewise affected electric power prices. The index for industrial and commercial electric power recorded a 1.0-percent decline, the first decrease for this category in over 2 decades. Elec tric power rates are typically rather stable, because of the regulatory environment in which utilities operate. These prices did not fall as much as other energy products for that reason, and because petroleum is not used for power gener ation as much as in the 1970’s. Manufacturing materials. The index for intermediate goods other than foods and energy edged up 0.1 percent over the year, after a 0.1-percent decline in 1985. As in the previous year, declines for manufacturing materials were offset by small advances for manufacturing components and products used in the construction sector. The index for materials for nondurable manufacturing fell 1.8 percent, slightly less than in the year before. The over whelming influence was the precipitous fall in petroleum costs, which led to lower prices for industrial chemicals (down 6.0 percent), plastic resins and materials (down 3.6 percent), and synthetic rubber (down 8.8 percent). The rate of capacity utilization in the chemicals industry remained at about 80 percent for most of the year, further depressing pricing. Another commodity whose price fell because of energy developments was nitrogenate fertilizer materials, which registered a 21-percent drop for the year. Most anhy drous ammonia is derived from natural gas, prices of which were negatively affected by the oil price collapse. In sharp contrast, however, prices jumped for many paper-related goods. Woodpulp prices advanced 16.9 per cent, recovering virtually all of the losses experienced the year before. Upturns of a similar but less-pronounced nature occurred in prices for paper and paperboard (both rose be tween 4 and 5 percent). Growth in the paper sector was centered in the business and computer paper markets, where demand continued to be fairly strong. Woodpulp and paperboard producers benefited from the reduced level of foreign competition due to the decline in the U.S. dollar. Finally, leather prices surged 11.4 percent, the most in several years. This upturn reflected the strong overseas demand (and hence higher costs) for U.S. cattle hides. The durable manufacturing materials index moved down 1.2 percent, about the same as in 1985. A good portion of this decline was related to the January drop in the steel mill products index. This reflected a broad cut in list prices to bring them into alignment with actual transaction prices, which had been falling for some time. Among nonferrous metals, considerable diversity existed in price movement. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Copper and silver prices declined, as did certain types of aluminum. Expectations early in the year of higher prices for copper and aluminum were not fulfilled because demand for both stagnated, and labor disputes in the aluminum in dustry were settled. The most dramatic activity was found in the markets for lead, zinc, and platinum. Lead prices began to climb sharply during the spring months, contrary to expectations. Short term tight inventories due to various technical factors (such as refinery shutdowns and strikes) prevailed over the long term perception of weakness in demand, and prices ended the year 47.7 percent over the December 1985 level. Zinc prices followed lead prices closely; the two metals are pro duced together, and both experienced supply problems because of labor disagreements. In the precious metals mar kets, political unrest in South Africa sparked increased in terest in platinum by speculators. Over 90 percent of the world’s supply of platinum comes from South Africa and the Soviet Union. Prices began to surge in mid-1985 and contin ued to increase until the final quarter of 1986, when profit taking set in. The platinum index was still nearly 50 percent higher at the end of 1986 than it was a year earlier. Construction materials. In spite of the continued down ward trend of mortgage interest rates during the year, the housing construction market began to show signs of weak ness in the second quarter. Beginning the year around the 2-million unit level, the annual rate of new private housing starts retreated to about 1.7 million units by the end of the year. In the commercial construction sector, activity re mained generally subdued because of the continued over supply of office space in certain cities. The ppi for construction materials and components edged up only 0.4 percent, less than in any other year since the early 1960’s. Substantial declines were noted for products derived from petroleum: asphalt paving materials fell nearly 12 percent, and asphalt roofing materials dropped almost 9 percent. Plastic plumbing products registered a decline of 6.3 percent, likewise reflecting lower costs of petrochemically derived resins. Prices for gypsum products moved down 2.5 percent, after a strong year (up 7.8 percent) in 1985. The gypsum industry raised prices during the spring, but the slack market failed to support the move; prices slid back for most of the remainder of the year. The lumber and wood products industries were unusually influenced by governmental actions during the year. A trade dispute with Canada had arisen after 2 years of sagging prices in the midst of strong residential construction activ ity. Domestic lumber producers filed a countervailing duty petition against Canadian producers in May, alleging that unfair subsidies by provincial governments in Canada per mitted below-cost sales. The International Trade Commis sion ruled that U.S. producers were being injured by the subsidies, and in October an interim 15-percent tariff was imposed on softwood lumber imports from Canada. 7 MONTHLY LABOR REVIEW May 1987 • Energy Prices Holds Inflation in Check in 1986 Prices for lumber rose during the third quarter, when they normally decline sharply. Over the year, the ppi for soft wood lumber advanced 6.5 percent. Prices for millwork and plywood each moved up less than 2 percent. The cement industry was another source of trade friction in 1986. However, the U.S. producers lost their bid for countervailing duties on imports of eight nations that al legedly guarantee their own firms a minimum rate of return. In spite of substantial transportation costs for such a bulky product (and minimal differences in production technol ogy), cement imports accounted for 10 percent of the Amer ican market in dollar terms and 15 percent in tonnage terms. Under such pressure, prices for Portland cement fell 4.5 percent between December 1985 and December 1986. Foods. The intermediate foods and feeds index continued on a downward path over the past year, but the 0.4-percent decline was less than in 1984 or 1985. Crude vegetable oil prices fell 25.5 percent, reaching their lowest level since the late 1960’s. After showing little change over the previous 4 years, flour prices dropped 10.5 percent, reflecting bur geoning world grain supplies. However, refined sugar prices (which are kept above prevailing world levels by a Government support mechanism) rose moderately after de clining in recent years. ens in the Southeast. Weather conditions during the growing season were generally much more favorable in the Midwest, California, and other major farming regions than in the Southeast. Exports of American agricultural products were seriously hampered by excess supplies in many other countries. After a rise of less than 1 percent a year earlier, pork prices climbed 13.4 percent in 1986; a 5-percent drop in production was largely responsible for this climb. Processed poultry prices quickly retreated from the high levels attained in the immediate aftermath of the summer drought and ended the year 1.8 percent lower than their December 1985 values, as higher prices for chickens offset a sharp drop in turkey prices. Beef and veal prices fell sharply through the first half of the year, reflecting increased output and the continuing decline in feed grain costs, but recovered some what in the second half for a net decrease of 6.3 percent. Roasted coffee prices climbed 18.2 percent, mostly be cause of unusually dry weather in Brazil’s growing areas for much of the year. The index for fresh and dried vegetables advanced 2.9 percent, far less than the double-digit climb a year before. Prices also rose in 1986 for fish, confectionery end products, dairy products, and refined sugar. In contrast, the index for shortening and cooking oils fell almost 10 percent, partly because of the continued drop in soybean quotations. Finished goods Among major categories within the finished goods price index in 1986, the index for energy goods fell 39.1 percent, dwarfing the declines registered in other recent years. Con sumer food prices climbed 2.9 percent, continuing the mod erate increases registered for this index in each year after 1980. As in 1985, the increase in the index for consumer goods other than foods and energy was just under 3 percent. Capital equipment prices rose less in 1986 (2.1 percent) than they had in 1985 (2.7 percent). Energy. The dramatic decline in the index for finished energy goods followed decreases of just 0.3 percent in 1985 and 4.1 percent in 1984. This decline occurred largely in response to the precipitous drop in world crude oil prices attributable to the breakdown of o p e c ’ s production control system at the end of 1985. Prices received by refineries for both gasoline and home heating oil were nearly cut in half over the year, following much smaller declines in 1984 and moderate increases in 1985. The natural gas index also fell far more than it had a year earlier. Foods. The 1986 rise in the index for finished consumer foods was well within the range of moderate increases reg istered for this index each year after 1980; for example, food prices inched up only 0.5 percent in 1985, following a 3.5-percent climb a year earlier. A drought in the summer of 1986 had a limited and relatively short-lived impact on food prices, primarily through heat-related deaths of chick 8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other consumer goods. The index for consumer goods other than foods and energy moved up 2.9 percent, about the same as a year earlier. However, the composition of the 1986 advance was the reverse of the 1985 pattern. Con sumer durable price increases accelerated from 2.1 to 3.5 percent, while nondurables slowed to 2.4 percent after a 3.2-percent rise the year before. Much of the acceleration in the index for consumer durable goods was due to the 6.6-percent increase in the index for passenger cars, far larger than in any other year since 1981. The falling value of the dollar against the yen, coupled with continued Japanese limitations on car ship ments into this country, led to higher prices for some Japanese models and allowed room for domestic manu facturers to raise their prices as well. While imported autos still commanded a substantial share (more than one-quarter) of the total American market, sales of domestic cars also enjoyed another strong, if erratic, year. Intermittent discounting, especially evident in cut-rate loans subsidized by producers, again characterized the marketing of domestic models during 1986. New car sales were further stimulated at the end of the year, before tax law changes effective for 1987 would end deductions for State sales taxes on Federal income tax returns. In contrast with the accelerated price increases for new passenger cars, however, prices for light trucks rose less than half as much as in 1985 (3.7 versus 7.9 percent). Among other consumer durables, prices for gold jewelry rose following several years of decline, reflecting the paral lel upturn in gold quotations. By contrast, lower stainless steel prices were a major influence in the 6.5-percent decline in the flatware index, which showed almost no change in 1985. Prices for books, floor coverings, toys and games, sporting goods, glassware, household furniture, and mobile homes rose moderately, while appliance prices decreased for the first time since 1965. Within the category for consumer nondurable goods other than foods and energy, the effect of substantially higher prices for some items was eased by modest advances for others. Prescription drug prices climbed nearly 10 percent, marking the seventh consecutive year that this index rose between 8 and 12 percent. Prices for tobacco products and over-the-counter drugs also increased about as sharply (7.8 and 6.2 percent) as in other recent years. In contrast, the index for tires and tubes fell for the fourth consecutive year, reflecting lower costs for synthetic rubber and relatively sluggish demand in both the original equipment and replace ment markets. Prices for luggage and soaps decreased after increasing in 1985. Prices for apparel, newspapers, period https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis icals, sanitary paper, alcoholic beverages, cosmetics, and footwear rose somewhat less than they had a year earlier. Capital equipment. The index for capital equipment moved up 2.1 percent in 1986, following advances of 2.7 percent in 1985 and 1.8 percent in 1984. Business spending on investment goods declined over the year, with capital expenditures in the energy-production sector especially hard hit. Capacity expansion projects in many other industries were postponed pending the outcome of political debates on elimination of the investment tax credit and similar tax poli cies. Spending on some projects was accelerated, however, to take advantage of favorable tax treatments that would be scaled back or eliminated in 1987. The scarcely abated influx of imports kept most domestic manufacturing indus tries at output levels well below any capacity constraints and thus diverted pressure for new capital construction. Prices for only a handful of major types of capital equipment rose more than 3 percent in 1986, while the index for oil field and gas field machinery dropped 3.5 percent, a symptom of the depression in the energy-production sector. A note on communications The Monthly Labor Review welcomes communications that supplement, challenge, or expand on research published in its pages. To be considered for publication, communications should be factual and analytical, not polemical in tone. Communications should be addressed to the Editor-inChief, Monthly Labor Review, Bureau of Labor Statistics, U.S. Depart ment of Labor, Washington, d c 20212. 9 Major labor contracts in 1986 provided record low wage adjustments Negotiations again focused on efforts to curb labor costs and save jobs by providing small wage increases, wage decreases, and wage freezes; many settlements provided lump sums instead of wage increases or to offset decreases Jo h n L a c o m b e and Jo a n B o r u m In 1986, major collective bargaining settlements in private industry provided record low wage and compensation ad justments, reflecting both employers’ and unions’ efforts to curb labor costs. Their task was made easier by continued moderate upward pressures on wages from comparatively small increases in consumer prices. According to the Bureau of Labor Statistics’ 19-year-old series on private industry agreements covering 1,000 workers or more,1 wage adjust ments— the net effect of decisions to increase, decrease, or not change wages— under settlements reached during 1986 averaged 1.2 percent in the first contract year and 1.8 per cent annually over the contract term. (See table 1.) The settlements covered 2.5 million workers. This was the fifth consecutive year in which settlements produced average wage adjustments that were substantially below those registered prior to 1982. (See chart 1.) Wage adjustments which were actually put into effect during 1986, stemming from settlements negotiated that year and those reached in prior years, also averaged a record low— 2.3 percent. The last time parties to 1986 settlements negotiated (usu ally in 1983 or 1984), they agreed to contracts that specified average wage adjustments of 3.5 percent the first year and 3.2 percent annually over the term. Total wage adjustments — those specified at the time of settlements plus any subse quent cost-of-living adjustments ( c o l a ’s ) — averaged 4.0 percent a year over the contract term. This was the smallest on record, and occurred while the Consumer Price Index for Urban Wage Earners ( cpi w ) was rising 3.5 percent a year (between December 1982 and December 1985). The average size of total wage adjustments under expiring agreements has dropped steadily since 1983 because the size of specified wage changes declined and because smaller John Lacombe is an economist and Joan Borum is a social science research analyst in the Office of Wages and Industrial Relations, Bureau of Labor Statistics. 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis price increases produced lower wage increases triggered by c o l a ’ s . A s shown in the following tabulation, the contracts preceding 1986 settlements yielded larger total wage adjust ments when they included a c o l a clause. Average wage adjustment (in percent) per year in contracts With COLA Total adjustment.................................. Specified.......................................... 4.2 2.7 c o l a ........................................................ 1.6 Without COLA 3.7 3.7 This marks a return to the pre-1983 pattern in which expir ing contracts with c o la clauses provided smaller specified wage adjustments than those without, but c o l a ’s more than made up the differences. The bargaining climate Bargaining during 1986 took place in a mixed national economic climate. The Consumer Price Index for Urban Wage Earners rose 0.7 percent during the year (the smallest rise since 1961) and unemployment continued to hover around 7 percent. Negotiators focused on both old and new problems, including: depressed markets and competition from abroad in the steel, aluminum, and copper industries; competition from nonunion firms in retail trade and con struction; competition from both union and nonunion carri ers in the airline industry; and the breakup of long-standing bargaining relationships in the steel and telephone commu nications industries. The most common issue was how to curb labor costs and retain jobs. A number of contracts addressed this issue by such indi rect methods as restructuring jobs or changing work rules. Other more direct approaches included historically low wage increases, freezes, or cuts; lump-sum payments (which are not included as wages in this series) instead of wage increases or to offset wage cuts; lower wage adjust ments in the first than in subsequent years of multi-year contracts; and the suspension or elimination of cola clauses. Wage increases, decreases, and freezes Average wage increases under 1986 settlements were the smallest on record for this series— 2.9 percent the first con tract year and 2.7 percent a year over the contract life. First-year increases were received by 1,730,000 workers, while 526,000 workers had no wage change and 230,000 sustained wage cuts averaging - 9 .2 percent. Subsequently, wage increases will go to 218,000 workers with no wage change and 15,000 with a wage decrease in the first contract year. Thus, over their term, contracts reached during 1986 will provide wage increases to 1,963,000 workers, about four-fifths of the total covered. Workers with increases were mostly in construction, railroads, telephone communica tion, public utilities, food stores, and health services. The wages of about an eighth of the workers were frozen and those of about one-tenth were cut over the term of 1986 settlements, marking the fifth consecutive year in which substantial proportions of workers did not receive wage increases under settlements. (See table 2.) Workers with wage freezes were concentrated in construction, non Table 1. electrical machinery manufacturing, and food stores. Work ers sustaining pay cuts were mostly in steel manufacturing; some of them also took reductions in their previous agreement. Lump-sum payments. The size of average adjustments was dampened because provisions for lump-sum payments were made in contracts covering two-fifths (988,000) of the workers under 1986 settlements. Lump-sum payments for 10 percent of these workers are linked to the profits or earnings of the firm. Lump sums were negotiated instead of wage increases or to offset pay decreases. These payments are excluded from this series. Lump-sum payments limit labor costs because they do not influence benefit levels that are based on wage rates, they eliminate the compounding effect of successive wage rate increases, and they do not raise the wage rate base from which future contracts will be negotiated. Settlements with lump sums provided wage adjustments averaging 1.2 percent in the first contract year and 1.5 percent annually over the contract term. The corresponding averages for workers under settlements without lump sums were 1.2 and 1.9 percent. Lump-sum payments were nego tiated in a variety of industries, including steel, communica tions, railroads, food stores, aerospace, health services, and petroleum refining. Wage adjustments for collective bargaining settlements, covering 1,000 workers or more in private industry, 1986 First y ea r M e a s u re A vera g e a d ju stm e n t (p e rc en t) O ve r life o f c o n tra ct A verage M easure W o rkers annual W o rkers (in th o u sa n d s ) a d ju stm e n t (in th o u sa n d s ) 1.2 1.9 2,486 780 1.8 1.7 2,486 780 .9 1.2 1.2 -1 .2 1.3 1,706 988 1,498 632 239 1.8 1.5 1.9 .2 .9 1,706 988 1,498 632 239 -2 .8 -.9 -1.4 2.0 2.1 393 286 346 1,854 541 -.2 .2 .2 2.3 2.1 393 286 346 1,854 541 2.0 2.0 2.t) 2.2 1,313 702 1,152 522 2.4 2.1 2.4 2.5 1,313 702 1,152 522 .9 1,964 1.6 1,964 1.9 2.0 1,332 1,161 1,325 2.2 1.2 2.3 1,332 1,161 1,325 2.9 2.4 1,730 665 2.7 2.0 1,963 690 3.3 2.4 3.3 1,065 703 1,027 3.1 2.1 3.1 1,274 806 1,157 .2 S e ttle m e n ts p ro vid in g in c re a s e s All industries............................ With c o l a cla uses........... Without C O L A clauses .......................... With lump su m s............... Without lump sums ........ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A vera g e a d ju stm e n t (p ercen t) (p e rc en t) A ll s e ttle m e n ts All industries............................ With c o l a clauses ___ Without C O L A clauses....................... With lump s u m s ........... Without lump sum s___ Manufacturing..................... With c o l a clauses . . . . Without c o l a clauses........................ With lump s u m s ........... Without lump sums . . . . Nonmanufacturing............... With c o l a clauses . . . . Without C O L A clauses....................... With lump s u m s ........... Without lump s u m s___ Construction ................... All industries excluding construction....................... Nonmanufacturing excluding construction___ Goods-producing................. Service-producing............... F irst year O ve r life o f c o n tra c t A vera g e W o rkers annual W o rk e rs (in th o u sa n d s ) a d ju stm e n t (in th o u s a n d s ) (p e rc en t) Manufacturing..................... With c o l a cla uses........... Without C O L A clauses .......................... With lump s u m s............... Without lump sums ........ 3.0 3.0 258 147 2.1 1.6 360 157 3.0 2.4 3.3 111 103 156 2.5 1.3 2.8 202 177 183 Nonmanufacturing............... With c o l a clauses........... Without C O L A clauses .......................... With lump s u m s............... Without lump sums ........ Construction ................... All industries excluding construction....................... Nonmanufacturing excluding construction . . . . Goods-producing................. Service-producing............... 2.9 2.2 1,472 518 2.8 2.1 1,604 532 3.3 2.4 3.3 3.5 954 600 872 356 3.2 2.3 3.1 3.2 1,072 629 975 420 2.8 1,374 2.5 1,544 2.8 3.3 2.8 1,116 614 1,116 2.7 2.7 2.7 1,184 781 1,183 -9.2 -3.7 -10.1 -7.6 -9.9 -9.2 -9.3 -7.5 230 33 197 69 161 167 63 9 -4.1 -1 .2 -4.5 -2 .4 -5.0 -3 .9 -4.9 -9.4 215 27 188 72 143 161 54 6 -9 .3 221 -4 .0 209 -9.6 -9 .6 -7.9 54 182 48 -4.3 -4 .2 -3 .9 48 173 42 S ettlem e n ts pro vid in g decre as e s All industries............................ With c o l a clauses . . . . With c o l a clauses . . . . With lump s u m s ........... Without lump sum s___ Manufacturing..................... Nonmanufacturing............... Construction ................... All industries excluding construction....................... Nonmanufacturing excluding construction . . . . Goods producing................. Service-producing............... 11 MONTHLY LABOR REVIEW May 1987 • Low Wage Adjustments in 1986 Major Contracts Chart 1. Average wage adjustments in private industry settlements covering 1,000 workers or more, 1973-86 Percent Percent NOTE: All adjustments include increases, decreases, and no change. 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Percent Backloaded contracts. Backloading is another cost-limiting practice that has gained prominence recently. It provides lower specified wage adjustments in the first year than sub sequent contract years. Nearly one-half of the workers un der 1986 settlements were covered by such contracts. Prior to 1983, however, virtually all workers under multiyear settlements had their largest increases in the first year. Wage adjustments in back-loaded contracts averaged - 0 .2 percent in the first year and 1.5 percent annually over the term. Of the 1,199,000 workers covered by back-loaded contracts, 751,000 received smaller increases in the first year than in following years, 225,000 received no wage increase in the first contract year, but received an increase in following years, and 223,000 sustained wage cuts in the first contract year, but no additional decreases over the life of their multiyear agreements. Back-loaded contracts oc curred mainly in construction, railroads, steel, petroleum refining, electrical and electronic equipment manufacturing, health services, and food stores. One-third (805,000) of the workers were covered by front-loaded settlements in which wage adjustments aver aged 3.3 percent in the first year and 2.5 percent a year over the life of the contract. These contracts were in communica tion, construction, aerospace, and other industries. The re maining one-fifth of the workers were covered by either 1-year agreements or multiyear contracts which provided equal wage adjustments each year. clauses. Cost-of-living adjustment clauses were dropped or suspended in settlements covering 434,000 workers, or about 36 percent of those settling in 1986 who had such coverage in their previous agreements. These in clude 226,000 communication workers and 106,000 steel workers whose 1986 contracts do not provide any wage adjustments triggered by future changes in the c p i . cola clauses were established in settlements covering 20,000 workers. As a result of these developments and employment de clines in industries with contracts that retained c o la clauses, the proportion of workers under major contracts with c o l a ’ s fell to 40 percent at the end of 1986 from 49 percent in the previous year. This compares with about three-fifths between 1976 and 1984. This drop is attributable, in part, to the declining impor tance of c o l a ’ s as a source of wage increases. Some union negotiators were willing to trade c o l a ’ s for other contract improvements because relatively low price increases since 1982 triggered comparatively small wage increases and, in some cases, none at all. Contracts with c o l a clauses covered 31 percent of work ers under 1986 settlements. They specified average wage adjustments of 1.9 percent in the first year and 1.7 percent annually over the contract life. (See chart 2.) These averages exclude any potential adjustments from c o l a ’s because such adjustments depend on future changes in the Consumer cola Chart 2. Average annual wage adjustments over the life of contracts with and without in private industry settlements covering 1,000 workers or more, 1973-86 cola Percent https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Percent 13 MONTHLY LABOR REVIEW May 1987 • Low Wage Adjustments in 1986 Major Contracts Table 2. Proportion of workers with increases, decreases, or no wage change under settlements covering 1,000 workers or more in private industry, 1979-86 [In percent] F irs t y ea r Y ea r In cre a se s D e cre a se s O ve r th e life o f c o n tra ct No ch an g e In creases D ecre a se s No c h an g e 1979 .. 1980 .. 1981 .. 96 100 92 0 0 5 4 0 3 100 100 94 0 0 5 0 0 1 1982 .. 1983 .. 1984 . . 56 63 77 2 15 5 42 22 18 64 73 84 1 13 4 35 14 12 1985 .. 1986 .. 63 70 3 9 33 21 85 79 3 9 12 13 Price Index that are unknown at the time of settlement. However, “guaranteed” c o la amounts (those specified when the agreement is reached) are included in settlement measures because they are not contingent on subsequent price increases. Wage adjustments for settlements without c o l a clauses were 0.9 percent the first year and 1.8 percent a year over the term. Compensation adjustments. The Bureau measures com pensation (wages and employee benefit costs) adjustments in contracts for at least 5,000 workers. These contracts cover almost two-thirds of all workers under major settle ments in 1986. Average compensation adjustments were the lowest since the series began— 1.1 percent in the first con tract year and 1.6 percent annually over the life of the contracts. (See table 3.) During the term of the agreement, 83 percent of the workers will receive increases, 12 percent decreases, and the remainder, no change in compensation. Major negotiations Negotiations in 1986 were characterized by the dissolu tion of some historic pattern bargaining relationships (for example, in steel and telephone communication) as well as by major differences in contract terms among industries.2 Settlements in nonmanufacturing industries accounted for three-fourths of all workers under 1986 settlements. They provided wage adjustments of 2.0 percent in the first year and 2.3 percent annually over the life of the contract. The largest numbers of workers covered by settlements in nonmanufacturing were in telephone communications (531,000), construction (522,000), railroads (216,000), and retail trade (209,000)— primarily food stores. Settlements in these industries are detailed below. The remaining workers under nonmanufacturing settlements were in health services, electric and gas utilities, and a variety of other industries. Telephone communications. Bargaining in telephone communications occurred in a new environment created by the January 1984 divestiture of American Telephone and Telegraph Co., which had provided both local and long distance services. Under the new configuration, a t &t Infor mation Systems ( a t t is ) provides national long distance and allied services and seven independent regional companies Digitized for14 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis provide local service through 22 local operating companies. The year (1986) witnessed the breakup of what had been uniform contracts throughout the Bell System. The first accord was reached between the International Brotherhood of Electrical Workers ( ib e w ) and a t &t in May. The Communications Workers of America reached a similar agreement in June (ratified in August) after a 4-week strike. Contracts with the regional companies were negotiated in the third quarter of 1986 after the August 9 expiration of the prior agreement. Although there were many similarities in the terms nego tiated in the industry, contracts are no longer uniform. All the settlements provided for wage increases, but the size varied. On average, wage adjustments were 2.0 percent in both the first contract year and annually over the contract term. There were other similarities in terms, such as improving job security and pension plans, but there were also differ ences. Some contracts eliminated c o l a clauses, for exam ple, while others modified the c o l a formula; some contracts called for lump-sum payments or profit sharing, or both, while others provided neither. Construction. Reflecting general economic improvements in the industry, 1986 settlements in construction provided average wage adjustments of 2.2 percent in the first contract year and 2.5 percent a year over their term. They replaced contracts generally reached 1 to 2 years earlier that provided wage adjustments averaging 1.9 percent a year over their term. Settlements in construction covered one-fifth of the work ers under 1986 settlements, and provided wage adjustments that were higher than the overall averages for the year. Negotiations in the industry are concentrated in the spring and summer and usually reflect local economic conditions. Employers are generally represented by local or regional branches of national employer associations, while workers are usually organized along craft lines. Contracts for various crafts in a locality frequently provide similar size changes. Average wage adjustments negotiated in 1986 varied by region, as shown in the following tabulation (in percent): A n n u a l , o v e r lif e F ir s t y e a r All construction agreements ............. Northeast ........................................ New E n g lan d .......................... Middle Atlantic ..................... M id w est........................................... East North C entral................. West North C e n tra l............... o f c o n tr a c t 2.2 2.2 3.6 2.1 3.7 4.2 2.8 2.5 2.5 4.0 2.4 3.5 4.0 2.6 South ............................................... 0.2 South Atlantic ....................... 2.5 South C e n tral.......................... —1.7 W e s t................................................. 1.5 Mountain ................................ 2.0 Pacific .................................... 1.4 Interregional.................................... 0.7 0.2 2.1 - 1 .3 2.2 2.2 2.2 1.2 Wage cuts in the oil-producing South Central States reflect a depressed economy and declines in new construction, while settlements in New England took place during im proved economic conditions. Adjustments also varied by type of construction. Settle ments in both general building construction and special trades provided wage adjustments averaging 2.6 percent in the first contract year and 2.8 percent annually over their contract term. Corresponding averages in general construc tion, other than building, were lower (1.5 and 1.8 percent). Railroads. Although contracts in the railroad industry ex pired in June 1984, more than two-thirds of the workers under these agreements did not reach a settlement until 1986. Negotiations covering more than 200,000 workers were concluded during the year with the first settlements in May. Contract talks involved the National Railway Labor Conference (the management bargaining agent for Class I railroads and Conrail) and Amtrak, and various unions, which are organized by craft. Shifting from the traditional practice of making all wage changes retroactive to the end of the previous contract, the 1986 contracts typically made the first-year wage increases retroactive only to December 1985. Wage adjustments for the industry averaged 2.3 percent in the first year and 2.5 percent a year over the contract term. Although all the contracts continued their c o la clauses, some limited poten tial c o la payments to specific groups of workers and also stipulated that they would be made only to the extent that they exceeded specified wage increases. All of the 1986 railroad settlements provided for lump sum payments. However, the size of the lump sum varied among contracts and within some contracts by type of work ers. Some workers received lump-sum payments in lieu of any specified increases or c o la payments. Retail food stores. Settlements covering 164,000 workers in retail food stores were reached in 1986. They provided average wage adjustments of 1.5 percent in the first contract year and 1.7 percent annually over the term of the agreement. Almost two-thirds of the workers under these contracts will receive lump-sum payments in lieu of wage increases or to offset pay cuts. Settlements with lump sums provided wage adjustments averaging 0.4 percent in both the first year and annually over the life of the contract. Correspond ing averages for settlements without lump sums were 3.6 and 4.1 percent. Manufacturing. Settlements in manufacturing covered 623.000 workers, including 140,000 in primary metals, 98.000 in transportation equipment, and 145,000 about evenly divided among lumber and wood products, nonelec trical machinery, and electrical machinery, equipment and supplies. They called for wage adjustments averaging - 1 .2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis percent the first contract year and 0.2 percent annually over the contract term. Primary metals. Settlements in the primary metal indus tries (steel, aluminum, and copper) dampened overall man ufacturing averages for the year. They provided wage ad justments averaging - 5 .2 percent in the first year and -1 .5 percent a year over the term of the agreement. Bargaining was affected by depressed economic condi tions in the entire industry and the breakdown of coordinated bargaining in steel manufacturing. Prior to 1986, the largest steel companies bargained together on terms that set the pattern for the industry. Negotiations in 1986, however, were conducted separately for each company. Although the exact terms differed by contract, settlements in basic steel generally provided wage and benefit cuts, some of which were offset by lump-sum payments. The most notable bargaining situation in basic steel was at usx (formerly U.S. Steel) where attempts to negotiate a new contract, before the expiration of the old one, failed and a work stoppage ensued, continuing into 1987. The picture, however, was not bleak throughout the steel industry. Settlements with some profitable specialty steel producers increased wages. Other negotiations in the primary metal industries pro duced wage cuts for workers in the copper industry and freezes for those in aluminum production. Transportation equipment. Contrasting with the wage cuts negotiated in the primary metal industries, 1986 settle ments in transportation equipment, covering 98,000 work ers, provided wage adjustments averaging 2.5 percent in the first contract year and 1.0 percent a year over the life of the agreem ents. E ighty-tw o percent o f these w orkers, prim arily those employed in aerospace manufacturing, will receive lump-sum payments. Negotiations in the aerospace industry in 1986 were con ducted under economic conditions that were better than they were during the previous round of talks in 1983. In October Table 3. Average compensation (wage and benefit costs) adjustments in settlements covering 5,000 workers or more in private industry, 1986 [In percent] A n n u al In d u s try First-y ea r a d ju stm e n t a d ju stm e n ts o v er life o f c o n tra cts All industries ...................................... Contracts with c o l a cla uses........... Contracts without c o l a clauses . . . . Manufacturing .................................... Contracts with c o l a cla uses........... Contracts without c o l a clauses___ Nonmanufacturing .............................. Contracts with c o l a cla uses........... Contracts without c o l a clauses . . . . Construction ...................................... All industries excluding construction .. Nonmanufacturing excluding construction .................................... Num ber of w o rk e rs (th o u s a n d s )1 1.1 2.0 .5 -2.4 2.3 -5.2 2.0 1.9 2.1 2.2 .9 1.6 1.7 1.5 - .7 1.0 -1 .7 2.2 1.9 2.3 2.3 1.4 1,582 592 991 332 123 209 1,251 468 782 238 1,345 2.0 2.1 1,013 1Because of rounding, sums of individual employment items may not equal totals. 15 MONTHLY LABOR REVIEW May 1987 • Low Wage Adjustments in 1986 Major Contracts 1986, a pattern-setting agreement covering 40,000 workers was reached between the International Association of Ma chinists and Boeing Co. Later in the month, similar terms were negotiated for 20,000 employees of Lockheed Corp. These settlements continued the practice, introduced in the 1983 accords, of providing lump-sum payments in lieu of traditional wage increases. However, the lump sums set by the 1986 settlements were larger than those in the prior agreement. Under the 1986 contracts, workers receive an immediate 40 cents an hour prepaid cola and lump-sum payments of 12 percent of their prior year’s gross earnings in the first contract year and 5 percent of their prior year’s gross earnings in both the second and third contract year. Under the previous Boeing agreement, workers received lump-sum payments of 3 percent of their prior year’s gross earnings in each year of the 3-year contract. The prior Lock heed agreement provided the same lump-sum payments for the first 2 years, but had a 3-percent general wage increase the third year. Wage adjustments effective in 1986 Wage adjustments put into effect in 1986 were the lowest in the 19-year history of this series. (See table 4.) They averaged 2.3 percent for the 6.5 million workers under major agreements, as shown in the following tabulation: Percent adjustment All adjustments ................................................. From new settlements .................................. Deferred from priorsettlements ................... COLA................................................................ 2.3 0.5 1.7 0.2 The average was depressed for several reasons. Seventyeight percent (5,117,000) of the workers had wage increases averaging 3.4 percent (the smallest on record), and 4 percent (250,000) had wage decreases averaging -7 .9 percent, as the following tabulation shows. Increases and decreases stemmed from three sources: settlements reached during the year; deferred changes under agreements negotiated in ear lier years; and cola provisions. Some workers received pay changes from more than one source; thus, the number re ceiving increases and decreases does not equal the total. Table 4. Effective wage adjustments in collective bargain ing agreements covering 1,000 workers or more, 1979-86 [Inpercent] Number of Percent workers (in thousands) change Workers with wage changes: T o ta l......................................................... Increases .......................................... .. From new settlem ents................... Deferred from prior settlements .. COLA................................................. D ecreases.......................................... From new settlem ents................. Deferred from prior settlements COLA................................................. Workers with no wage changes ............ 5,367 5,117 1,685 2,756 1,393 250 228 33 12 1,150 2.8 3.4 3.1 3.9 1.0 - 7 .9 - 9 .4 - 1 .9 - 0 .7 — The remaining 18 percent of the workers (about 1,150,000) had no wage change. About 930,000 of these workers were covered by contracts that provided no wage change during 1986. An additional 220,000 workers, how ever, received no wage change because their contracts had expired but had not been renegotiated during the year. Two million of the 2.6 million workers under contracts with cola provisions were elig ib le for co la ’s during 1986. About 1.4 million had coLA-triggered net wage increases averaging 1.0 percent over the year; of these, however, 963,000 had at least one cola wage decrease during the year. An additional 12,000 workers had net cola decreases in 1986. The remaining 619,000 workers did not receive cola changes either because their contracts had no provi sions for cola decreases or the change in the cpi was insuf ficient to trigger a cola pay change. Wage adjustments stemming from cola reviews in 1986 averaged 51 percent of the change in the cpi during the cola review period. Effective wage adjustments under major collective bar gaining agreements are reflected in the wage and salary series of the Bureau’s Employment Cost Index ( eci), a broad measure of changes in labor costs. The eci provides data on both union and nonunion workers in establishments of all employment sizes. It shows that wages and salaries rose 3.1 percent in private industry in the year ending December 1986, the smallest increase in the 10-year history of the series. During 1986, wages rose 2.0 percent for union workers, compared with 3.5 percent for nonunion workers. This con tinues a relationship that began in 1983. A discussion of this year’s scheduled bargaining, “Collective bargaining in 1987: local, regional issues to set tone,” appears in the January 1987 Review. S o u rce Y ea r T o ta l a d ju s tm e n t N ew a g ree m en ts 1979 1980 1981 1982 1983 1984 1985 1986 ... ... ... . .. ... ... . .. ... 9.1 9.9 9.5 6.8 4.0 3.7 3.3 2.3 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3.0 3.6 2.5 1.7 .8 .8 .7 .5 --------- F O O T N O T E S -------- D eferred fro m p rior C O LA a g ree m en ts 3.0 3.5 3.8 3.6 2.5 2.0 1.8 1.7 3.1 2.8 3.2 1.4 .6 .9 .7 .2 1 The major collective bargaining agreement series for private industry covers 6.5 million workers in bargaining units with at least 1,000 workers. For definition of terms, see Current Labor Statistics, “Wage and Compen sation Data,” pp. 53-55. Additional tabulations from this series appear in the March 1987 issue of the Bureau’s C u r r e n t W a g e D e v e lo p m e n ts . 2 For details of these settlements, see George Ruben, “Labormanagement scene in 1986 reflects continuing difficulties,” M o n th ly L a b o r R e v ie w , January 1987, pp. 37-48. On their own: the self-employed and others in private business The Survey of Income and Program Participation provides new information not found in the Current Population Survey about business owners, including data on incorporated and side businesses, earnings of owners, and the number of persons they employ S h e l d o n E. H a b e r , E n r iq u e J. L a m a s , and Ju l e s H. L ic h ten stein Between 1948 and 1973, the percentage of self-employed persons in nonagricultural industries fell from 12.0 to 6.7 percent,1 but by 1985, it had risen to 7.5 percent. Given this recent growth in entrepreneurial activity, it is of some im portance to obtain as accurate information as possible about the size and composition of the entrepreneurial class and of the businesses they operate. The Bureau of the Census’ Survey of Income and Program Participation ( sipp ) provides an opportunity for obtaining this information. This article reports on some new findings, derived from this survey, relating to businesses and business ownership as distinct from self-employment. The Current Population Survey ( c p s ), conducted for the Bureau of Labor Statistics by the Census Bureau, defines the self-employed as sole proprietors and partners of unincorpo rated businesses.2 Individuals who identify themselves as owning a controlling interest in incorporated businesses are shown in published tabulations as wage and salary workers because they are employees of the businesses they operate and are paid a salary for the services they render. Omission of this group from the self-employed leads to an underestiSheldon E. Haber is a professor of economics at The George Washington University; Enrique J. Lamas is an economic statistician at the Bureau of the Census; and Jules H. Lichtenstein is Chief, Applied Policy Branch, Office of Advocacy, U.S. Small Business Administration. The views pre sented in this paper are those of the authors. Research was supported by the Office of Advocacy. U.S. Small Business Administration. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis mate of the number of business owners. Wage and salary workers who report self-employment as a secondary activity (that is, own a side business) also are business owners and they, too, are excluded from the cps count of the selfemployed. In fact, this group is the fastest growing group among business owners.3 While it is possible to derive information about incorpo rated business owners and owners of a side business from the Current Population Survey and the Survey of Income and Program Participation, the latter offers a number of advantages over the former in studying business ownership. For example, a question about ownership of a side business has only been asked occasionally in the c p s ; in these in stances information on hours worked at the side business has not been collected. In the Survey of Income and Program Participation, all business owners are identified, whether or not they own incorporated businesses or side businesses, and each owner is asked the number of hours he or she •usually works at the business. Additionally, earnings infor mation from up to two businesses is obtained in each Survey of Income and Program Participation reference period; in the c p s , self-employment earnings information is collected only in the March survey and pertains to the preceding calendar year. Furthermore, the Survey of Income and Pro gram Participation contains information about businesses as well as business owners. In particular, information on the legal form of business and number of workers employed is 17 MONTHLY LABOR REVIEW May 1987 • Self-Employed and Others in Private Business obtained for all businesses except those with expected gross receipts of less than $1,000 for the following year (casual businesses).4 It should be emphasized that these differences between the surveys do not reflect deficiencies in the cps; they are due to the fact that the two data sets are designed to measure different things. Survey samples The Current Population Survey is a monthly survey of 59,000 households that collects information about employ ment and unemployment. The Survey of Income and Pro gram Participation is an ongoing series of national panels designed to improve reporting of income and participation in major Federal Government income transfer programs. In Wave 1 of the 1984 panel, approximately 19,900 house holds were interviewed. In the Survey of Income and Program Participation, each panel is divided into four rotation groups. During a cycle or wave of interviewing covering 4 months, each household is interviewed one time; over a 1-year period, a household is interviewed three times. The reference period for an inter view is the 4-month period preceding the interview month. The Survey of Income and Program Participation data utilized in this study are from Wave 1 of the 1984 panel. The interviews were conducted from October 1983 to January 1984. Hence, the reference periods are from June 1983 to September 1983 for the first rotation group through Septem ber 1983 to December 1983 for the fourth rotation group. During the reference periods to Wave 1, 24,490 respondents reported having worked in the nonagricultural sector of the economy; of this number, 2,948 respondents owned a business. It should be noted that since the Survey of Income and Program Participation is a longitudinal survey, the data re flect work experience over time rather than activity status at a point of time as is the case for the Current Population Survey. For this reason alone, estimates of the number of persons engaged in business and in paid employment from the two Census Bureau surveys will differ.5 (cps) larger than the percentage reported as self-employed. Both Census Bureau surveys yield similar distributions of employment. As noted, 7.4 and 7.8 percent of the employed reported self-employment in unincorporated businesses in the Survey of Income and Program Participation and the cps, respectively. From the Survey of Income and Program Participation, an additional 2.6 percent operated incorpo rated businesses;8 the comparable cps figure is 2.7 percent. The largest discrepancy between the surveys’ figures is for the group, paid employee and a business owner (side busi ness owner). In the Survey of Income and Program Partici pation, 1.9 percent of the employed owned side businesses; the comparable figure from the cps was 3.0 percent. The difference between these figures is, in part, due to how owners of a side business are defined in both surveys9 and our inclusion in the Survey of Income and Program Partici pation of some owners of a side business among casual business owners.10 The most likely explanation for the dif ference, however, is that in the Survey of Income and Pro gram Participation, individuals who owned farms and also worked as paid employees in nonagricultural industries were excluded from our count of side business owners because these individuals operated agricultural businesses. In the cps, individuals who reported they were wage and salary workers in nonagricultural industries and also answered “yes” to whether they owned farms, businesses, or profes sions, were included in our count of side business owners because the only information about their industrial attach ment is for their paid jobs; similar information for their side businesses is absent.11 The remaining groups, paid em ployees only12 and unpaid family workers,13 accounted for 87.9 and 0.2 percent (sipp) and 86.1 and 0.4 percent (cps) of employed persons, respectively. The percentage of persons working full time at jobs can be calculated from both surveys and as seen from table 1, the estimates are of the same order of magnitude for each category of workers. The Survey of Income and Program Participation percentages are higher than those from the cps, Estimates of business ownership Table 1. Distribution of employed persons in nonagricul tural industries, s i p p and c p s , 19831 The Survey of Income and Program Participation data indicate that in the last half of 1983, 12.8 million persons owned businesses, or 11.9 percent of persons working in nonagricultural industries. Of these workers, however, only 7.4 percent were self-employed owners of unincorporated businesses. A similar calculation based on May 1983 cps data indicates that 13.5 percent of employed persons6 in nonagricultural industries were business owners compared to 7.8 percent who were reported as self-employed.7 From the figures in the first two columns of table 1, it is seen that business ownership is a much more prevalent activity among employed persons than is suggested by statistics on self-employment only. In fact, the percentage of workers who owned businesses was 60 percent (sipp) to 75 percent [In percent] 18 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is trib u tio n Full tim e Full tim e a t ail jo b s a t b u sin es s C a te g o ry Total ................................................. Self-employed, unincorporated business ow ner....................................................... Casual business ow ner............................ Noncasual business o w n e r..................... Incorporated business owner ..................... Paid employee and a business owner......... All business owners ................................ Paid employee o n ly .................................... Unpaid family w o rk e r.................................. 1 c p s CPS S IP P CPS S IPP S IPP 100.0 100.0 (2) (2) (2) 7.8 (2) (2) 2.7 3.0 13.5 86.1 0.4 7.4 1.2 6.2 2.6 1.9 11.9 87.9 0.2 67.1 (2) (2) 85.2 76.7 (2) 74.8 (2) 67.6 42.7 72.4 88.8 81.2 (2) 77.9 (2) 66.2 37.0 71.9 88.7 24.5 (2) 73.0 (2) reference periods June to September 1983 through September to December 1983; the reference period is May 1983. s ip p 2 Not applicable or not calculated. but this is most likely due to the reporting of usual hours worked in the Survey of Income and Program Participation and the use of actual hours in deriving the cps figures. Among business owners, the group with the highest per centage working full time at businesses was incorporated business owners; the group with the lowest percentage was owners of side businesses. Among incorporated busi ness owners, 88.7 percent worked full time at their busi nesses, compared to 66.2 percent among unincorporated business owners. Of some interest, 37.0 percent of casual business owners— a category not distinguished in the c p s — reported working full time. One possible explanation for this relatively high proportion is that casual business owners who work full time do other things when working, such as watching children or trying to become more productive business owners in anticipation that sales will ultimately improve. Still another explanation is that expected gross receipts, because they are expected to be small, were underestimated. Because full-time casual business owners reported very low earnings of $1,224, it is clear that, as a group, they were only marginally engaged at their businesses. (See page 21.) The same can be said of side business owners. Although a high proportion of paid employees with side businesses worked full time, 81.2 percent, only a small proportion, 24.5 percent, worked full time at their side businesses. Type of business The Survey of Income and Program Participation data provide a means of categorizing business owners by the types of businesses they own. In the survey, one can distin guish businesses by legal form of ownership status, whether the business is a casual or a side business, and whether the owner works full time at the business. Of particular interest is the distribution of business own ers and their businesses by legal form of organization. Esti mates of these distributions are shown in table 2 for men and women under the plausible assumption that a casual busi ness is a sole proprietorship. (See footnote 4.) As indicated in table 2, 23.2 percent of all business owners were incorpo rated. Incorporated business owners were a smaller percent age of female business owners, 17.1 percent, than of male business owners, 25.9 percent. The gender differentials are more pronounced when businesses rather than business owners are considered: 10.1 percent of incorporated busi nesses were owned by women, compared to 22.2 percent owned by men.14 The Survey of Income and Program Participation data also indicate that 13.5 million nonagricultural businesses existed in the last half of 1983— 700,000 more than the 12.8 million business owners. The larger number of businesses than business owners is due, in part, to the percentage of business owners, 4.1 percent, who owned at least two nona gricultural businesses.15 Of the nonagricultural businesses, 9.6 million were sole proprietorships, compared to the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 2. Distribution of business owners and businesses in nonagricultural industries by legal form of business, 19831 [In percent] Total M en W om en Business owners Total ................................................................................. Sole proprietors ............................................................ Partners........................................................................ Incorporated.................................................................. Number (thousands) ............................................. 100.0 63.2 13.6 23.2 12,842 100.0 60.0 14.1 25.9 8,769 100.0 69.8 13.1 17.1 4,173 Businesses Total ................................................................................. Sole proprietorships ..................................................... Partnerships.................................................................. Incorporated.................................................................. Number (thousands) ............................................. 100.0 70.8 10.9 18.3 13,531 100.0 65.6 12.2 22.2 9,147 100.0 81.8 8.1 10.1 4,384 Legal form 1 s ip p reference periods June to September 1983 through September to December 1983. 10.7 million nonfarm proprietorships reported in Federal income tax returns for 1983.16 Still another perspective of business ownership is ob tained from table 3. As indicated, 14.5 percent of men and 8.6 percent of women were business owners.17 However, 18.8 percent of female business owners had casual busi nesses and 14.7 percent owned side businesses. Among male business owners, only 6.2 percent owned casual busi nesses and 16.6 percent were engaged in side businesses. We also see that men worked full time at businesses to a greater extent than women: the male-female differential in the proportion of business owners who worked full time was 28.7 percentage points, while the corresponding malefemale differential in the proportion of paid employees only who worked full time was 17.3 percentage points. If substantial entrepreneurial activity is defined as work ing full time at a noncasual business that is not a side business, we find that 65.3 percent of male business owners were active entrepreneurs; the analogous figure for female business owners was 37.0 percent. Thus, of all employed men and women in nonagricultural industries, 9.5 percent of the former but only 3.2 percent of the latter were substan tially engaged in businesses. Earnings of workers People become business owners for a number of reasons: some start their own businesses because they feel con strained by the formal work rules associated with paid em ployment; some operate businesses because it is a way of earning income while staying home; for those who have special talents, such as artists, self-employment is often the means of achieving the freedom they need to express their creativity. Each of these reasons yields psychic income and leads to the expectation that, all else being the same, busi ness owners, on average, may earn less than paid em ployees. Additionally, because business owners face risks not generally shared by paid employees, it is plausible that low earnings, including zero earnings, are more common among the former than the latter. The Survey of Income and 19 MONTHLY LABOR REVIEW May 1987 • Self-Employed and Others in Private Business Table 3. Business owners in nonagricultural industries by business type, 19831 [In percent] C a te g o ry Employed workers owning a business ............................ Casual business owners................................................... Side business owners ..................................................... Business owners working full time at businesses ........... Full-time business owners of noncasual businesses that are not side businesses......................................... 1 s ip p Total M en W o m en 11.9 10.3 16.0 63.8 14.5 6.2 16.6 73.0 8.6 18.8 14.7 44.3 56.1 65.3 37.0 reference periods June to September 1983 through September to December 1983. Program Participation data, like the cps data, confirm that the reported earnings of business owners are less than that of paid employees. Earnings data for business owners in the Survey of In come and Program Participation differ from analogous data in the cps in several respects. First, the questions asked respondents about business income are different. In the Sur vey of Income and Program Participation, interviewers are instructed to ask the amount of income an individual takes out of his or her business18 and income from a business is dated as to when it is earned. Second, because current rather than past income is recorded, the recall period is shorter. Third, this survey is a longitudinal survey and, hence, it contains information about individuals who are in the proc ess of moving into and out of a business. Fourth, earnings information is routinely obtained for incorporated busi nesses in the survey. Because the Survey of Income and Program Participation information is collected for up to two businesses and up to two paid jobs in a reference period, the earnings data are aggregated over both businesses and both jobs. Although some earnings may have been missed, it is believed the amount is very small, because only a small percentage of workers change jobs three times during a year. An even smaller proportion would be expected to have three employ ers (businesses) in a 4-month period.19 Annualized earnings by type of business are shown in table 4 for men and women.20 ($13,520). When the definition of a business owner is ex panded to include incorporated business owners as well as the self employed, the ratio of business earnings to earnings from paid employment only for men rises from .67 to .78. Earnings of women An anomaly in the Survey of Income and Program Partic ipation data is seen from the data for female business owners in table 4. Self-employed women had annualized earnings of $3,767, which is approximately one-quarter of the $13,520 earned by self-employed men and one-third of the $12,079 earned by female paid employees only. The cps data for 1982 indicated that full-time, full-year selfemployed women earned about one-half as much as selfemployed men and female wage and salary workers. It is difficult to say what accounts for the low earnings of self-employed women in the Survey of Income and Program Participation. On one hand, it may be that they were under reporting business earnings in the Survey of Income and Program Participation vis-a-vis the c p s . On the other hand, their relatively low earnings may reflect our use of annual ized earnings instead of actual earnings over a full year. Still another explanation is that the Survey of Income and Pro gram Participation longitudinal data include a larger fraction of transient business owners than the cps cross-sectional data, and women may be more prone to enter and leave self-employment than men. The higher ratio of female-tomale earnings among incorporated business owners is con sistent with the last conjecture because incorporated busi ness owners are a more stable group than unincorporated business owners. Which of these reasons is the correct one requires further study. Evidence of underreporting Despite the reasonableness of the Survey of Income and Program Participation earnings figures, at least for men, Table 4. Median annualized earnings of full-time, fullreference period business owners and paid employees, 19831 [In thousands] Earnings of men To benchmark the earnings data from the Survey of In come and Program Participation, it can be inferred from table 4 that for men the ratio of earnings from unin corporated businesses, $13,520, to earnings from paid em ployment only, $20,039, is .67. The corresponding ratio, earnings of self-employed men to male wage and salary workers, based on cps data for 198221 is also .67.22 Men who owned incorporated businesses earned consid erably more than those who did not own incorporated busi nesses (excluding side business owners in both categories): the median earnings of male owners of incorporated busi nesses ($24,012) were almost 80 percent higher than that of their counterparts who owned unincorporated businesses 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis C a te g o ry Business owners, including owners of a side business................................................................................... Owners of a side business................................................... Business owners, excluding owners of a side business................................................................................... Unincorporated business owners3 ...................................... Sole proprietors................................................................ Partners3 ........................................................................... Incorporated business owners4 ........................................... Paid employees only .................................................................. 1 s ip p M en W om en $14,787 4,784 $4,894 (2) 15,600 13,520 12,235 20,216 24,012 20,039 4,894 3,767 3,671 (2) 9,302 12,079 reference periods June to September 1983 through September to December 1983. 2 Less than 50 observations. 3 Excludes partners of noncasual businesses who could not be distinguished from incorpo rated owners of noncasual businesses. 4 Excludes incorporated owners of noncasual businesses who could not be distinguished from partners of noncasual businesses. some direct evidence of underreporting of business income in the survey should be noted. Underreporting is suggested by the earnings for business owners whose businesses were neither casual businesses nor side businesses. For example, the percentage of individuals in this group who reported no business earnings (that is, took no income from the busi ness) during the reference period was 20.8 percent. Further evidence of underreporting is found in the data when busi ness owners who worked full time are classified by the number of workers employed in their primary business.23 Among owners of businesses with 3 or more employees, 14.3 percent reported no earnings during the reference pe riod. Undoubtedly, some of these larger business owners were operating at a loss. Still, the percentage reporting no business earnings is sufficiently high to suggest an inconsis tency in the Survey of Income and Program Participation between the earnings data and the data on business size. The alternative explanation that a relatively large proportion of businesses that appeared to be successful, judging by the number of workers employed, yielded no income to their owners over a 4-month period is highly implausible. Internal evidence of underreporting is also suggested by the earnings of casual business owners. Individuals in this group who worked full time during all reference weeks had annualized median earnings of $1,224.24 Thus, more than one-half of this group reported earnings at an annual rate that exceeded the expected gross receipts criterion of $1,000 used to define casual business owners. While the actual earnings and expected gross receipts estimates are not nec essarily inconsistent, it would appear that some respondents underestimated their expected gross receipts. It is not im plausible that such individuals may also have underreported their actual business earnings. It should be mentioned that evidence of underreporting of self-employment earnings can also be found in the c p s . From the May 1983 c p s , it is found that among male full time self-employed workers (in nonagricultural industries as of May 1983) who worked full time, full year in 1982, 12.5 percent reported business and wage and salary earnings of less than $5,00025 (that is, $2.40 an hour, assuming a 40hour week). The underreporting, by business owners, in survey data is a well-known phenomenon. As indicated, the Survey of Income and Program Participation yields new direct evidence of such underreporting. Employment in privately owned businesses Up to this point, our analysis has focused primarily on business owners. As indicated, the Survey of Income and Program Participation also contains information about the businesses they own, particularly the legal status of the business and the number of individuals that work for the business.26 As one would expect, and as can be seen from table 5, the legal status of a business is related to the number of persons in its employ. For example, more than 9 out of 10 businesses with only one worker were sole proprietor https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 5. Distribution of businesses by legal form of busi ness and number of employees, 19831 [In percent] N u m b e r o f e m p lo y e e s 2 C a te g o ry 3 to 6 or 5 m o re 100.0 100.0 100.0 100.0 51.1 0 51.1 47.7 0 47.7 16.0 0 16.0 70.7 22.3 48.4 6.2 48.9 52.3 84.0 29.3 Total ................................................. 58.9 12.3 14.5 14.3 100.0 Sole proprietorships3 ........................ Casual sole proprietorships3 ........ Noncasual sole proprietorships . . . Partnerships and incorporated businesses.................................... 78.2 100.0 68.1 8.9 0 13.0 9.7 0 14.2 3.2 0 4.7 100.0 100.0 100.0 12.5 20.6 25.8 41.1 100.0 1 2 Total ................................................. 100.0 Sole proprietorships3 ........................ Casual sole proprietorships3 ........ Noncasual sole proprietorships . . . Partnerships and incorporated businesses.................................... 93.8 3.8 90.Q 1 s ip p T o ta l reference periods June to September 1983 through September to December 1983. 2 Employees in primary business. Owner or owners and unpaid family workers included in count of employees. 3 Includes side businesses with expected gross receipts of less than $1,000 in next 12 months. Some of these side businesses may be partnerships or incorporated businesses. ships. At the other extreme, only about 1 out of 5 businesses with six workers or more were sole proprietorships. In “intermediate size” businesses, those with two to five em ployees, about one-half were sole proprietorships. Table 5 also reveals that only 12.9 percent of sole propri etorships employed three workers or more; the comparable figure for partnerships and incorporated businesses is 66.9 percent. Among all businesses, somewhat more than 4 out of 10 provided employment for two or more workers. The data underlying table 5 are of special interest because they enable one to estimate the number of workers employed in privately owned businesses. This number provides a more complete measure of the amount of employment generated through entrepreneurial activity than the number of selfemployed persons or business owners. Because of the way the data are grouped in the Survey of Income and Program Participation public use file, however, our estimate is on the low side.27 Assuming that businesses with gross receipts of less than $1,000 in the next 12 months have only one worker and also assuming that the number of workers employed by a busi ness is given by the lower bound of each class interval in table 5, an estimate of 28.5 million workers (including busi ness owners and unpaid family workers) in privately owned businesses is obtained. Thus, of the 108.1 million persons in nonagricultural industries who held a job in Wave I of the Survey of Income and Program Participation, at a minimum 26.4 percent (28.5 million workers) found employment in privately held businesses. Omitting Federal, State, and local government workers, the latter figure rises to 36.6 percent. If, in addition, paid workers in private nonprofit organiza tions are excluded from the employment base,28 the propor tion of workers in for-profit businesses who were employed 21 MONTHLY LABOR REVIEW May 1987 • Self-Employed and Others in Private Business in privately owned firms increases still further to a minimum of 40.1 percent. Another way of gauging the importance of the privately owned business sector is by estimating the employment multiplier effect attributable to individuals who establish their own businesses. Given our estimates of 28.5 million workers in privately owned businesses and 12.8 million business owners, this implies that, on average, for every 100 business owners, at least an additional 123 workers find employment in privately owned businesses. More accurate measures of the employment effects of owner-oper ated businesses must be deferred until as yet unpublished Survey of Income and Program Participation data become available. Summary The Survey of Income and Program Participation yields new information about business owners, as distinct from the self-employed, as well as the businesses they own. Not included among the self-employed, but nonetheless mem bers of the entrepreneurial class, are owners of incorporated businesses and owners of side businesses. Among the more important findings from the Survey of Income and Program Participation data is that business own ers accounted for 11.9 percent of persons working in nonagricultural industries during the last half of 1983; this is 60 1 T. Scott Fain, “Self-employed Americans: their number has in creased,” M o n th ly L a b o r R e v ie w , November 1980, pp. 3-8 and Eugene H. Becker, “Self-employed workers: an update to 1983,” M o n th ly L a b o r R e v ie w , July 1984, pp. 14-18. For earlier studies of self-employment, see Robert N. Ray, “A report on self-employed Americans in 1973,” M o n th ly L a b o r R e v ie w , January 1975, pp. 49-54 and John E. Bregger, “Selfemployment in the United States, 1948-62,” M o n th ly L a b o r R e v ie w , Jan uary 1963, pp. 37-43. 2 Prior to 1967, no distinction was made in the CPS between persons operating unincorporated and incorporated businesses. Individuals in both groups were classified as self-employed. In 1967, when incorporated busi ness owners were separately identified, they were classified as wage and salary workers. 3 Sheldon Haber, A N e w P e r s p e c tiv e o n B u s in e ss O w n e r s h ip (U.S. Small Business Administration, Office of Advocacy, July 1985). See also T h e S ta te o f S m a ll B u s in e ss e s: A R e p o r t o f th e P r e s id e n t (U.S. Government Printing Office, 1986). 4 For convenience, businesses with expected gross receipts of less than $1,000 in the next year are referred to as casual businesses and their owners as casual business owners. Conversely, businesses with expected gross receipts of more than $1,000 are referred to as noncasual businesses. Because casual businesses are small, it has been assumed that they are sole proprietorships with only one worker, that is, the owner of the business. 5 For a comparison of estimates of employment and unemployment from and the cps, see Paul M. Ryscavage and John E. Bregger, “New Household Survey and the cps: A look at labor force differences,” M o n th ly L a b o r R e v ie w , September 1985, pp. 3-12. sipp 6 For ease of exposition, in the remainder of the paper employed persons and persons with work experience are referred to simply as employed persons. Digitized for22 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis percent more than the percentage reported as self-employed. A similar conclusion is reached based on Current Population Survey data for May 1983. In the cps data, an even larger proportion of employed workers, 13.5 percent, were found to own businesses. We also found that 70.8 percent of businesses were sole proprietorships, while 18.3 percent were incorporated busi nesses. More women than men were engaged in casual and side businesses, and men worked full time at businesses to a greater extent than did women. Two-thirds of male busi ness owners were substantially engaged in a business, com pared to about one-third among female business owners. Annualized earnings varied from about $3,700 for female sole proprietors to $24,000 for male owners of incorporated businesses. But a relatively high proportion of business owners in the Survey of Income and Program Participation reported no earnings from their businesses even among those with businesses with three workers or more, providing internal evidence of underreporting of business earnings. It is also possible to estimate the percentage of workers employed by privately owned businesses. At a minimum, 26.4 percent of all workers (28.5 million workers) were employed in such firms. When government workers and paid workers in private nonprofit organizations are ex cluded, the proportion increases from 26.4 to 40.1 percent. [[] 7 One explanation for the lower percentages in sipp is the greater diffi culty of accumulating capital needed to start a business versus finding a job as a paid employee. This difficulty is seen more readily in longitudinal data than in cross-sectional data. 8 In sipp, only one owner of a noncasual business is asked the legal form of organization of (and the number of persons employed in) that business. Thus, while all owners of businesses in a household are enumerated, only one partner in a partnership or one owner of an incorporated business can be identified. While it is possible to determine who are the remaining partners and owners of an incorporated business, one cannot tell which of these two categories an individual falls into. Unless otherwise stated, in this study, partners and owners of incorporated businesses who could not be identified as such because another person had answered questions about the business are divided in the same proportion as partners and incorporated owners who could be identified. 9 In the supplement to the May 1983 cps , wage and salary workers were asked whether they also operated a “farm, business, or profession.” Per sons answering “yes” to this question in the cps are classified as having a side business in this study. For sipp, side business owners are defined in this study to include (a) casual business owners with earnings from paid em ployment in all 4 months of the reference period, and (b) noncasual busi ness owners with earnings from a business and from paid employment in one or more of the 4 reference period months o r earnings from paid employment in all 4 months of the reference period if there were no earnings from a business during the reference period. 10 In table 1 and elsewhere in this study, unless otherwise stated, casual business owners are classified as owners of a side business if they also meet the criteria for being classified in the latter category. However, because sipp provides less detailed earnings information for casual than noncasual busi nesses, it was not possible to identify all casual businesses that were also side businesses. Hence, within the definitional framework adopted in this study, the number of casual business owners is overestimated and the number of side business owners is underestimated. 11 The difference in definition of a side business also helps explain the smaller percentage that business owners make up of all workers in sipp v is - a -v is the c p s . 12 In sip p , paid employees are asked questions of up to two employers for whom they worked in a reference period. For both sipp and the c ps , the group “paid employee only” is defined to include individuals who worked for pay and did not own a business. 13 Unpaid family workers are defined in the same way in sipp as they are in the c ps . However, if an individual reported he or she was a paid em ployee in one job and an unpaid family worker in another job during a sipp reference period, we classified the individual as a paid employee. 14 Some ambiguity in this conclusion should be noted. Because the legal form of business is elicited for only one owner of a partnership or incorpo rated business, it is possible that the recorded owner is of a different gender than the principal owner. 15 Also, while sipp provides an unduplicated count of casual business owners, it does not yield an unduplicated count of casual businesses. One can only assume, as we have here, that all casual businesses are sole proprietorships. This assumption may lead to an overcount of sole propri etorships in our study. 16 S ta tis tic s o f I n c o m e B u lle tin (Department of the Treasury, Internal Revenue Service, Summer 1985), p. 98. It is to be recalled that a sipp reference period is 4 months. The income tax return data cover a calendar year. 17 Among blacks and Hispanics, 4.5 and 7.4 percent, respectively, were owners of a business. 18 In the c p s , the respondent is asked to report money income from his or her business after expenses; hence, negative incomes can be reported indicating a business loss. In sipp , the amount of income taken out of a business during a reference period is zero or positive; net profit is ascer tained from a separate question. 19 In 1978, less than 4 percent of workers had three or more employers during the year (based on the May 1979 cps ). 20 Because this study is based on the 4-month reference periods of Wave 1, the earnings data have been annualized. Thus, some individuals are shown as having no earnings from a business because they had no https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis business income during their 4-month reference period, whereas they might be expected to have positive earnings over a full-year period. To some extent this problem is mitigated by the use of median earnings to measure income from different types of businesses. More precise figures will be forthcoming as additional sipp data become available; in the meantime, the data from Wave 1 provide new insights into the earnings of business owners by type of business. 21 See Eugene H. Becker, “Self-employed workers,” p. 18. Becker reports cps 1982 median earnings of $14,360 and $21,542 for male selfemployed and male wage and salary workers, respectively. The corre sponding figures for female self-employed and female wage and salary workers are $6,644 and $13,352. 22 The sipp earnings figures are for individuals who worked full time and for all weeks of their 4-month reference period. The cps data referred to above are for individuals who worked full time, full year. The closeness of the ratios from the two data sources, while reassuring, is coincidental. 23 In this study, the primary business of business owners with two busi nesses is defined as the one with the higher earnings. The owner or owners of a business and unpaid family workers are included in the count of employees. 24 Based on 65 observations. Note, respondents are first asked their expected gross receipts in the following 12 months and then la te r in the interview are asked what their earnings were during the reference period. 25 Sheldon Haber, A N e w P e r s p e c tiv e , pp. 23-24. 26 In topical modules to.later sipp waves, additional information is being collected about unincorporated businesses, for example, information about assets and liabilities and gross receipts and expenses. 27 In sipp, up to 99 workers are recorded for each business. Only the group sizes shown in table 5 are provided in the public use files. 28 From 1984 data developed by Hodgkinson and Weitzman, it is found that 8.8 percent of paid employees in the private nonagricultural sector work in nonprofit organizations. See Virginia Ann Hodgkinson and Murray S. Weitzman, D im e n s io n s o f th e I n d e p e n d e n t S e c to r : A S ta tis tic a l P r o file , 2nd ed. (Washington, Independent Sector, forthcoming). Applying the aforementioned figure in ratio form to the number of paid employees only (excluding government workers) derived from sipp yields an estimate of workers in private nonprofit organizations. 23 Productivity trends in the furniture and home furnishings stores industry Overall output per hour was above average from 1967 to 1985, reflecting a 4.8-percent increase in output and a 1.8-percent rise in employee hours; above-average growth is expected for the near future in this rapidly changing industry A rthur S. Herman and J. Edwin Henneberger Productivity, as measured by output per hour of all persons, grew at an average rate of 3.0 percent in the furniture and home furnishings stores industry from 1967 to 1985.1 This gain is significantly above the productivity growth rate for the nonfarm business sector of the economy, which was 0.9 percent during the same period. The productivity trend rate in the furniture and home furnishings stores industry reflects an increase in output of 4.8 percent and a gain in hours of all persons averaging 1.8 percent. Productivity growth in this industry compared favorably with trends in other retail trade industries measured by the Bureau of Labor Statistics. Apparel stores had a slightly higher productivity growth rate of 3.6 percent during 196785. However, drug stores had a lower rate of 2.3 percent and retail food stores which posted an actual decline of 0.8 percent in productivity had a significantly lower rate. The furniture and home furnishings stores industry com prises a variety of different retail stores besides furniture stores. These include stores selling floor coverings, draperies, curtains, upholstery, miscellaneous home fur nishings such as glassware, household appliances, radios and televisions, and music and records. Productivity meas ures have been developed for the furniture and home fur nishings stores component of the industry and the appliance, Arthur S. Herman and J. Edwin Henneberger are economists in the Divi sion of Industry Productivity and Technology Studies, Bureau of Labor Statistics. Patricia S. Wilder, an economist in the same division, assisted in developing the productivity measure. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis radio, tv , and music stores component, as well as for the overall industry. Productivity growth was significantly different in the two components of the industry. Productivity grew at the high rate of 4.6 percent in the appliance, radio, and tv stores component from 1967 to 1985 while increasing at less than half that rate, 1.9 percent, in the furniture and home furnish ings component. The appliance, radio, and tv stores com ponent had a significantly higher rate of output growth, 6.6 percent per year, fueled by significant increases in demand for such fast-selling items as microwave ovens, video recorders, color television sets, and personal audio equip ment. On the other hand, output of the furniture and home furnishings stores component grew at the slower rate of 3.6 percent over the 1967-85 period. This component of the industry was significantly affected by economic downturns during the period. The growth rate for hours of all persons was relatively similar for the two components of this indus try, increasing at a rate of 2.0 percent in appliance, radio, and tv stores and at a rate of 1.6 percent in furniture and home furnishings stores. Subperiod trends Productivity growth can be divided into three periods in the furniture and home furnishings stores industry. From 1967 to 1973, productivity grew at the comparatively high rate of 4.3 percent in the overall industry as output increased at the very high rate of 6.7 percent. The productivity ad- vance slowed to a 1.5-percent rate from 1973 to 1978 as output gains also slowed to 3.7 percent per year. From 1978 to 1985, productivity growth picked up to a 3.0-percent rate as output growth increased to 4.5 percent. (See table 1.) The trends in the overall industry reflected differing pro ductivity and output growth rates in the component indus tries in the more current periods. In the furniture and home furnishings stores component, productivity experienced a high growth rate of 4.3 percent from 1967 to 1973 as output expanded significantly. Productivity fell to a rate of 1.0 percent from 1973 to 1978 and continued at a 1.3-percent rate in the 1978-85 period. In the appliance, radio, and tv stores component, productivity also grew at a high rate of 4.4 percent from 1967 to 1973 with output increasing at a 6.0-percent rate. From 1973 to 1978, productivity in this component slowed to a rate of 2.2 percent, despite an output growth rate of 5.7 percent. However, productivity growth accelerated in this component to a rate of 5.5 percent from 1978 to 1985, with output up even more. (See table 2.) Cyclical changes The two components of this industry were influenced by different economic factors over the period studied. The fur niture and home furnishings component was very much affected by cyclical changes in the economy. Expansions or contractions in output and associated changes in productiv ity in this component can be very closely tied to changes in the growth of new residential construction, because furni ture and home furnishings are generally purchased when families move into new homes. In periods when the econ omy is booming and especially when new residential con struction expands rapidly, this component of the industry registers large gains in output and, in turn, significant gains in productivity. Conversely, when the overall economy de clines, and especially when new residential construction drops, output in this industry slows or posts declines and productivity also tends to fall off. This relationship can be seen by examining productivity and output rates during the recessionary and growth periods of the 1970’s and the 1980’s. In the recession of 1970, new residential construction posted a decline.2 After recording large gains in output and productivity in 1968, the furniture and home furnishing stores component slowed in 1969 and 1970. Productivity in this part of the industry posted de clines of 2.8 percent in 1969 and 0.3 percent in 1970. During the growth period, 1971-73, output in this compo nent expanded significantly. Productivity averaged 7.8 per cent over this period. However, this industry component was hit very hard by the recession of 1974-75, when new residential construction plummeted, posting major declines in 1974 and 1975. Output of the furniture and home furnish ings stores component fell in 1974 and 1975. Productivity in this component had two consecutive declines, —3.3 percent in 1974 and —3.2 percent in 1975. During the period of economic growth from 1976 to 1979, this component of the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis industry posted significant output gains and moderate pro ductivity growth. The recessionary periods of 1980 and 1981-82 had a major impact on this part of the industry. New residential construction fell sharply in 1980 and contin ued to fall through 1982. The furniture and home furnish ings stores component had 3 consecutive years of declining output. Productivity recorded its largest decline over the period measured in 1980, falling 6.5 percent and an addi tional 3.6 percent in 1982. In the growth period following this recession, output picked up significantly from 1983 to 1985 and productivity posted two good gains. The appliance, radio, and tv stores component of the industry was not as much affected by cyclical changes. While trends in the sales of most appliances tend to move in a similar direction as furniture and home furnishings, sales of the other items sold by this component of the industry do not. Radios, televisions, video recorders, records, and tapes tended to have different growth patterns than furniture over the 1967-85 period. There was a boom in demand for these items, especially toward the latter part of the period. Even among appliances, the vigorous expansion in the sale of microwave ovens tended to produce countercyclical forces. In fact, there was only one year of output decline in this component over the 1967-85 period. In the recession year of 1970, for example, the appliance, radio, and tv stores component posted a strong output gain of 6.1 percent. In the 1974-75 recession, output grew in both years, although productivity posted a decline of 2.4 percent in 1974. In the recessionary periods of 1980 and 1981-82, output increased both in 1980 and 1981. In 1982, however, this component posted its only output decline over the period measured, - 1 .7 percent. Productivity also de clined in 1982, falling 2.9 percent. After the poor showing in 1982, sales accelerated. Output in this component aver aged 16.0 percent from 1983 to 1985, and productivity posted three continuous gains. The sustained growth in output of stores in this compo nent of the industry during the period measured can be attributed to the boom in home electronic equipment sales. Such items as video recorders, video cameras, personal size stereo radio and tape players (boom boxes and minis), miniaturized television sets, color tv ’s , compact disc play ers, and high fidelity audio equipment, as well as records and tapes which are played on this equipment, experienced significant growth in demand, resulting in a major expan sion in sales in this component of the industry. Changing industry structure During the period measured, there has been a shift toward more chain store operations in this industry. Chains have gotten larger and have increased their share of the market in almost every type of store covered by this study. In the past, this industry had been composed of single-unit firms located in various communities, generally in a downtown traditional shopping area location. These stores were designed to serve 25 MONTHLY LABOR REVIEW May 1987 • Productivity in Furniture and Home Furnishings Stores individual local markets for furniture, home furnishings, appliances, radios and televisions, records, and musical in struments. Chain store growth became more important dur ing the period that encompassed the shift of stores from downtown areas to shopping malls and strip shopping areas in the suburbs, which includes the period covered by this study. While single-unit stores still account for the majority of the stores in the industry, the number of multiunit operations has increased greatly. For example, the number of multiunit stores has more than doubled between 19673 and 19824. More importantly, a significant amount of sales has shifted from single-unit firms to multiunit operations. In 1967, mul tiunits accounted for 28 percent of the sales. By 1982, the proportion of sales produced by multiunits had risen to 47 percent, although the number of stores belonging to multi unit firms accounted for only about 10 percent of the total. In general, most of the chain store operations in the indus try are local or regional in nature. There are a few national chains doing business in this industry, although some of the regional chains, especially in home electronics, are moving in the direction of becoming more widespread in operation. However, local or regional store networks tend to be much more common. For example, in 1967 there were five multi unit firms with 101 establishments or more.5 By 1982, this number had only grown to nine firms with 100 establish ments or more.6 The bulk of the growth in the industry, both in number of stores and sales, has been in firms with 25 establishments or less. Such establishments tend to be local or regional chains. are retained in the warehouse. Another innovation that can be used in computerized warehouses is automatic guided vehicles. These driverless vehicles follow guides in the warehouse to move items in and out. They can interface with the high stackers and computerized conveyors. How ever, such equipment is in limited use in this industry and is particularly difficult to adapt to furniture warehouses be cause of the bulky nature and large variety of items to be stored.7 Technological adaptations The shift toward more chain store operations in this indus try over the period measured has gone hand in hand with a shift to more computerized sales and warehousing tech niques. This is especially true in the appliance, radio, and tv stores component of the industry, where numerous regional chains and a few national chains have recorded significant growth during the period that consumer electronics sales were exploding. As part of their strategy for expansion, the consumer electronics chains use the latest computerized retailing tech nology. For example, one regional chain has computer terminals located on every sales counter. Besides accom plishing the individual transaction, these computers are connected directly to the central warehouse and company headquarters resulting in immediate transmission of sales data. This point-of-sale type technology allows the firm to minimize inventory and storage space, maximize selling space, and keep costs and rent expense low. It results in almost instantaneous control of inventory because as soon as each item is sold, the information is transmitted to headquar- Technological changes One of the most important innovations being used in this industry is computerized point-of-sale equipment. This technology varies in its sophistication but its object is to computerize the transaction. In some cases, the items to be sold are coded using a label directly applied to the product, keeping the price in the computer memory. In other cases, the description of the items to be purchased and prices are typed by a sales person or a clerk into a computer terminal. In all cases, the computer does the arithmetic of the sale, adds the sales tax, and prints out a sales ticket. In many cases, the system prompts the sales clerk by asking ques tions such as whether the clerk tried to sell an extended warranty. In some cases, the computer terminals are tied into a companywide computer system that can be used for such purposes as inventory control, product reordering, and advertising campaigns. Another innovation recently introduced is computerized warehouses. Such warehouses can utilize computercontrolled “conveyorization” in which the computer con trols the functions of storage, retrieval, and recording of inventory and location information. Some of these ware houses are high-rise in nature and use computerized high stackers which automatically store and retrieve items that 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Productivity and related indexes for the furniture and home furnishings stores industry, sic 5 7 ,1 9 6 7 -8 5 [1977=100] Year Output per hour of all persons Output Hours of all persons All persons 1967 .................. 1968 .................. 1969 .................. 70.2 79.6 76.5 58.8 64.8 66.5 83.8 81.4 86.9 77.6 78.2 83.2 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 .................. .................. ................... .................. .................. .................. .................. .................. .................. .................. 80.1 80.0 89.1 95.3 92.5 91.9 95.3 100.0 100.3 107.6 68.5 71.4 82.7 89.6 89.5 86.7 93.4 100.0 106.2 115.7 85.5 89.2 92.8 94.0 96.8 94.3 98.0 100.0 105.9 107.5 82.9 85.7 90.0 92.9 95.2 92.4 96.6 100.0 105.2 107.7 1980 1981 1982 1983 1984 1985 .................. .................. .................. .................. .................. .................. 107.4 112.6 109.2 118.4 122.4 125.9 113.1 112.9 108.3 124.4 139.2 152.5 105.3 100.3 99.2 105.1 113.7 121.1 106.7 102.6 102.7 107.1 116.9 125.1 Average annual rates of change 1967-85 1967-73 1973-78 1978-85 ............. ............. ............. ............. 3.0 4.3 1.5 3.0 4.8 6.7 3.7 4.5 1.8 2.3 2.1 1.4 2.3 3.1 2.4 2.0 Table 2. Productivity indexes for the furniture and home furnishings stores industry and two components, 1967-85 [1977=100] Total furniture and home furnishings stores (sic 57) Furniture and home furnishings stores (sic 571) Appliances, radio, tv , and music stores (sic 572, 573) 1967 ............. 1968 ............. 1969 ............. 70.2 79.6 76.5 71.5 81.8 79.5 68.2 76.3 72.1 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 80.1 80.0 89.1 95.3 92.5 91.9 95.3 100.0 100.3 107.6 79.3 82.8 93.0 96.3 93.1 90.1 94.4 100.0 97.9 104.8 81.2 75.9 83.4 94.1 91.8 94.8 96.5 100.0 104.0 112.4 1980 1981 1982 1983 1984 1985 ............. ............. ............. ............. ............. ............. 107.4 112.6 109.2 118.4 122.4 125.9 98.0 101.2 97.6 104.1 110.3 108.2 124.0 132.5 128.7 143.3 143.4 157.6 Year Average annual rates of change 1967-85 1967-73 1973-78 1978-85 .... .... .... .... 3.0 4.3 1.5 3.0 1.9 4.3 1.0 1.3 4.6 4.4 2.2 5.5 ters. In this way, slow-moving items can be pushed through advertising and store managers can be alerted, via the com puter, about items that should be emphasized with special sales campaigns.8 In one national chain which uses point-of-sale type tech nology, sales of a specific item are rung up on computerized cash registers and the computer automatically signals a re gional warehouse to send out a new supply of the item to the store requiring it. This chain also can send computerized messages on its system to individual stores, alerting store managers to items that are building up in inventory and need to be sold.9 The furniture store component of the industry has moved somewhat more slowly into computerized retailing technol ogy. The types of products sold and the sales techniques used do not lend themselves as well as home electronic items to multistore computerized point-of-sale hookups. The more traditional furniture stores (chains or independ ents), comprising the majority of the furniture store compo nent, act as showrooms where sample furniture is set up in displays. These establishments usually have knowledgable sales people and decorators available to counsel customers. Such employees spend a lot of time dealing with such cus tomer needs as matching size, type, and style of furniture and deciding on the correct color, pattern, composition, and fabric. Once ordered, the customer generally waits for the furniture to be manufactured. It is then shipped to the store’s warehouse and delivered to the customer’s home. Traditional firms tend to have some furniture in stock in a warehouse, but because of the numerous combinations of styles and types of upholstery, much furniture is ordered by https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the store, upon sale, directly from furniture manufacturers. However, there has been a trend in the industry, which started in the mid-1960’s, toward warehouse type of furni ture store operations. These stores, which tend to be run by regional or national chains, stock large volumes of furniture in the same building in which the furniture is displayed The stores emphasize low price and rapid turnover. These stores are very large and generally include a high-rise warehouse as well as a large display area. They attempt to provide a number of different types, sizes, and patterns of furniture to satisfy the majority of tastes. Warehouse furniture stores use advertising such as direct mail catalogs and newspajper, radio, and tv ads as important marketing tools, emphasizing low price. Their objective is to provide furniture of all types from their stock to the purchaser almost immediately. To accomplish this goal, the stores use a computer system de signed to keep careful control of inventory and provide the correct bin location of the item sold to the warehouse per sonnel. The warehouse personnel move the item, generally via manually operated forklift truck, to the loading docks where it is picked up by the customer. The customer does not have to wait the usual 6 or 8 weeks required for delivery from a conventional furniture store. In these stores, even large bulky items such as upholstered sofas are available. Warehouse stores encourage the customer to deliver the furniture themselves, usually in or on top of their automo bile immediately upon sale, thereby cutting the warehouse stores’ costs for delivery and inventory. Such firms tend to use the more advanced computerized point-of-sale equip ment and warehousing operations installed in the industry.10 A similar type of operation that is growing in sales is the furniture clearance outlet. This type of store is designed to sell samples off the display floor and it also encourages customers to deliver the furniture themselves.11 A different type of store that has recorded sales gains over the period measured concentrates on a very specific product line, such as sleep sofas or mattresses. These stores generally are oper ated by small or medium chains. They can provide rapid turnaround from their centralized warehouses because of the limited number of styles and sizes carried, therefore aiding productivity growth.12 Another type of furniture sales operation that has become more important in the recent past is the store emphasizing knocked-down furniture. These stores, many of which are combined with home furnishings outlets, tend to show furni ture such as bookcases and tables which are available in knocked-down form on shelves right next to the item being displayed. The customer is encouraged to pick up the flatpacked furniture and purchase it at a central checkout coun ter, thereby cutting down greatly on the amount of sales help needed, delivery service required, and warehouse space needed for inventory. Flat-packed items, many of which are imported, take up significantly less warehouse space than completed furniture. Such furniture is much easier to ship, move, pack, and store than conventional, manufactured fur27 MONTHLY LABOR REVIEW May 1987 • Productivity in Furniture and Home Furnishings Stores niture, resulting in significant labor savings for the store. By reducing the price of the items and displaying samples in attractive settings, the objective of this type of store is to sell items that must be assembled by the customer at home. This type of furniture store appears to be doing well and knockeddown furniture is growing in sales.13 ance mechanics are particularly important in appliance stores, while radio and TV repairers are a major group in radio and television stores. Transportation workers, namely delivery truck drivers, also encompass a significant group in this industry.14 Employment The current high growth in industry output is expected to continue. Products sold in all the types of stores covered in this industry are expected to continue to increase in the near future. Sales of furniture and home furnishings items as well as appliances are expected to be assisted by significant growth in new residential construction due to low mortgage interest rates.15 Existing home sales also are up due to the low interest rates, aiding the output of stores in the industry. One area of uncertainty is growth in the construction of new apartment buildings, which may be negatively affected by the impact of the new tax legislation. Growth in home elec tronic equipment sales is expected to continue to be strong, keeping industry output up. Prices of home electronic items have continued to remain low because of increasing compe tition from Korean products. Many of the products sold by stores in this component of the industry are made by Japanese firms. However, they have not been as affected by changing exchange rates as other types of imported prod ucts. The home electronics industry is continuing to intro duce advanced products and demand is expected to continue high for them. Stores in the industry are expected to continue to intro duce computerized equipment such as point-of-sale termi nals and systems for sales analysis, inventory control, and product reordering. More automatic warehousing equip ment is expected to be adapted. The combination of high output growth and technologi cally advanced sales and warehousing equipment should result in a continuation of the above-average productivity growth rate in this industry, at least in the near future. Q Employment in this industry has increased significantly over the period studied. The total number of persons work ing (employees, self-employed, and unpaid family workers) in 1967 was 555,000. By 1985, this total had grown to 896,000, an increase of 341,000 employees. Both compo nents of the industry shared in the employment gain. The furniture and home furnishings stores component increased by 179,000 while the appliance, radio, and tv stores compo nent almost doubled in employment over the period, grow ing from 216,000 in 1967 to 378,000 in 1985. Average hourly earnings of nonsupervisory workers were $2.42 in 1967 and grew to $7.13 in 1985. These wages remained below the average hourly earnings for the total private nonfarm economy, which were $2.68 in 1967 and $8.57 in 1985. Average weekly hours of nonsupervisory workers de creased steadily over the period measured, dropping from 38.5 per week in 1967 to 33.6 in 1985. This decline in average weekly hours indicates an increase in the employ ment of part-time workers. The largest occupational group in this industry consists of sales and related workers, such as sales persons and cashiers. These employees accounted for about 30 percent of total employment over the period measured. Two other important groups consist of managers and clerical workers, both accounting for more than 15 percent of employment over the period studied. Craftworkers such as mechanics and repairers also are important in this industry, especially in specific types of stores. For example, household appli Outlook ■FO O TN O TES- 1 The furniture, home furnishings, and equipment stores industry is classified as sic 57 in the 1972 S ta n d a r d I n d u s tr ia l C la s s ific a tio n M a n u a l and its 1977 supplement, issued by the U.S. Office of Management and Budget. The subindustries within the furniture and home furnishings group include furniture, home furnishings, and equipment stores, except appli ance stores (sic 571), household appliance stores (sic 572), and radio, television, and music stores (sic 573). Vol. 29, No. 4 (U.S. De partment of Commerce, International Trade Administration, July/August 1983), p. 9. 2 C o n s tr u c tio n R e v ie w , H is to r ic a l S ta tis tic s , 3 1 9 6 7 C e n su s o f B u s in e ss , R e ta il T r a d e , S in g le U n its, a n d M u ltiu n its , BC67-RS-4 (Bureau of the Census, January 1971), pp. 4 -4 - 4-5 . 4 1 9 8 2 C e n su s o f R e ta il T r a d e , E s ta b lis h m e n t, a n d F irm S iz e , RC82-I-1 (Bureau of the Census, February 1985), pp. 1-15 - 1-18. 5 ¡967 C e n su s o f B u s in e s s , BC67-RS-4, pp. 4 -4 - 4-5. 6 1982 C e n su s o f R e ta il T r a d e , RC82-I-1, pp. 1-15 - 1-18. 7 Information obtained from industry representatives. Digitized for 28 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 “A Tough Case To Prove, Luskin’s Prospers in a Cutthroat Business. Secret? Aggressive Selling, Smart Use of Computers and Clever Commis sion,” F o r b e s , Dec. 30, 1985, pp. 55, 58. 9 “Circuit City’s Secret for Electrifying Sales,” F o rtu n e , Jan. 7, 1985, p. 72. 10 Information obtained from industry representatives. 1 1 1 9 8 5 U .S . I n d u s tr ia l O u tlo o k (U.S. Department of Commerce, Inter national Trade Administration, January 1985), p. 54-10. 12 Information obtained from Southwest Home Furnishings Association. 13 “Shopping Swedish-Style comes to the U .S.,” F o rtu n e , Jan. 20, 1986, p. 63. 14 T h e N a tio n a l I n d u s tr y — O c c u p a tio n E m p lo y m e n t M a trix , 1 9 7 0 , 1 9 7 8 , a n d p r o je c te d 1 9 9 0 , Bulletin 2086 (Bureau of Labor Statistics, April 1981), pp. 273-76, and bls I n d u s tr y — O c c u p a tio n a l E m p lo y m e n t M a trix , 1 9 8 4 a n d 1 9 9 5 A lte r n a tiv e s (Bureau of Labor Statistics, November 1985), pp. 1452-67. 15 1 9 8 6 U .S . I n d u s tr ia l O u tlo o k (U.S. Department of Commerce, Inter national Trade Administration, January 1986), pp. 53-57. APPENDIX: Measurement techniques and limitations Indexes of output per hour of all persons measure changes in the relationship between the output of an industry and hours expended on that output. An index of output per hour is derived by dividing an index of output by an index of industry hours. The preferred output index for retail trade industries would be obtained from data on quantities of the various goods sold by the industry, each weighted (multiplied) by the employee hours required to sell one unit of each good in some specified base period. This concept also embodies the services associated with moving the goods from the retail establishment to the consumer. Thus, those goods which require more retail labor are given more importance in the index. Data on the quantities of goods sold usually are not avail able for trade industries, including retail furniture and home furnishings stores. Therefore, real output was measured by removing the effects of changing price levels from the cur rent dollar value of sales for the line items. Because an adjustment for changing price levels usually lowers the dol lar value, such a series is usually referred to as a deflated value measure. Output measures based on deflated value have two major characteristics. First, shifts in sales within product lines can occur among products of different value which have the same unit labor requirements. Thus, a change can occur in the output per hour index even if the labor utilized to sell the merchandise does not change. Sec ond, the sales level, both in current and constant dollars, reflects differences in unit values for identical products sold in different types of establishments. For example, the unit values associated with a product sold in a self-service “off-price” store may be lower than the unit value associated with the same product sold in a store that provides a number of sales clerks as well as delivery service. The output meas ure, therefore, reflects changes in the level of service pro vided to customers, insofar as differences in unit values reflect the difference in service among the various types of establishments. In addition to the deflated value technique, the output measure for the total of the major group of retail furniture https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and home furnishings stores was compiled by combining output from the various component industries using weights relating to labor importance (all person hours). This proce dure results in a total industry output index that is closer, conceptually, to the preferred output measure. The index of hours for the retail furniture and home fur nishings stores industry is for all persons (hours for paid employees, partners and proprietors, and unpaid family workers). As in all of the output per hour measures pub lished by the Bureau of Labor Statistics, hours and employ ment are each considered homogeneous and additive. Adequate data are not available to weight the various types of labor separately. The indexes of output per hour relate total output to one input— labor time. The indexes do not measure the specific contribution of labor, capital, or any other single factor. Rather, they reflect the joint effect of many factors such as changes in technology, capital investment, capacity utiliza tion, store design and layout, skill and effort of the work force, managerial ability, and labor-management relations. No explicit adjustments were made to the measures to take into account increases or decreases in some services provided to the consumer. With the growth of warehouse stores in the 1970’s, there was a trend toward more selfservice operations. This shifted some of the hours in retail ing from employee to consumer. However, data are not available to measure the effect of this change. Adjustments for changes in product quality are made to the extent that changes in quality have been accounted for in the price indexes used to deflate the current dollar value of sales. The basic sources for the output series for this measure consist of the total sales data and sales by merchandise line reported by the U.S. Department of Commerce. The defla tors were developed using Consumer Price Indexes pub lished by bls. The basic source for the all-person-hour series consists of data on employment and hours published by bls, supple mented by data reported by the Internal Revenue Service and special tabulations compiled for bls by the Bureau of the Census. 29 Research Summaries Industrial structure has little impact on jobless rate of experienced workers R ic h a r d M . D e v e n s UT —U}972 = ^ [ ( W ,, 1972AUi) + (U, 1972AW,) i , Jr . Between 1972 and 1985, the proportion of the experienced labor force1involved in the production of goods fell from 36 to 31 percent. This trend, frequently cited in discussions of a “post” or “deindustrialized” society,2 has led some ana lysts to hypothesize that the changing industrial structure may actually moderate economic recessions. The notion that growth in the service-producing sector might moderate recessions is based on the observation that industries in this sector have been less cyclically sensitive than those in the goods-producing sector. Geoffrey H. Moore has observed that the 1981-82 recession “can be largely laid at the door of the goods-producing industries. The service industries, in fact, helped to stabilize total em ployment. This has been their usual role, but since the services’ share of total employment is now far larger than it used to be, their stabilizing effect is more powerful, too.”3 This line of reasoning has an appealing logic to it: the more stable sectors are making up a larger share of the economy ; therefore, the economy is becoming more stable. However, Moore was referring specifically to employment trends, which, because of a long-term tendency toward growth, may mask some cyclical variations. Thus, between 1972 and 1985, total payrolls grew by 23.9 million, with 95 percent of the growth in the service sector. Had it not been for the vitality of the service-producing sector in the early 1980’s, total employment may easily have fallen even more than it did. However, payroll employment usually only pauses or slows down from long-run growth during reces sions; therefore, unemployment rates are considered to be a more sensitive measure of cyclical patterns. This analysis attempts to determine what, if any, effects the changing industrial structure of the experienced labor force has had on its unemployment rates,4 and the impact of any such changes on the rise in unemployment rates in recessions. If the cyclical moderation hypothesis is correct, the trough to peak rises in the experienced worker unem Richard M. Devens, Jr., is an economist in the Division of Labor Force Statistics, Bureau of Labor Statistics. Digitized for 30 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ployment rate will be smaller after an adjustment is made for industrial composition. The overall change in the experienced worker unemploy ment rate is decomposed according to the formula: + (AUiAWj)] Ux is the experienced worker unemployment rate at time t, Wit is the labor force proportion of the ith industry, and Uit is the unemployment rate for that industry. AU, is the change in the industry unemployment rate from 1972 to the target year and AWi is the change in labor force proportion from 1972 to the target year. The formula can be broken into separate components of change: the three terms on the right side of the equation isolate the pure trend/cycle effect, the direct composition effect, and the interaction effect, respectively. The trend/cycle effect is the change in the unemployment rate for experienced workers that would have occurred had labor force proportions been unchanged and the industry unemployment rates had changed. As its name reflects, this measure is affected by both the general trend in industry unemployment rates as well as the cyclical timing of the period being analyzed. The direct composition effect is that part of the overall Table 1. Unemployment rates of the experienced civilian labor force, and components of change, 1972-85 annual averages [In percent] C hange from 1972 Year Unem ploym ent rate Total Trend/ cycle Industrial com position In te r action _ 1972 1973 1974 1975 ..................... ..................... ..................... ..................... 4.848 4.156 4.871 7.640 -0.692 .023 2.792 -0.687 .029 2.856 0.000 .000 -.019 -0.006 -.004 -.044 1976 1977 1978 1979 ..................... ..................... ..................... ..................... 6.820 6.132 5.202 5.059 1.792 1.284 .354 .211 2.016 1.311 .376 .234 -.023 -.018 -.020 -.026 -.023 -.009 .000 .000 1980 1981 1982 1983 1984 1985 ..................... ..................... ..................... ..................... ..................... ..................... 6.350 6.771 8.703 8.609 6.604 6.367 1.502 1.923 3.855 3.761 1.756 1.519 1.564 2.003 4.059 3.961 1.761 1.657 -.023 -.032 -.052 -.049 -.032 -.033 -.042 -.050 -.148 -.152 -.083 -.105 change in the experienced worker unemployment rate that would have occurred if industry jobless rates had stayed the same, while labor force proportions changed. The interaction term measures the joint effects of the two changes, including any tendencies for an unemployment rate to rise because of an “in-crowding” of workers that raises an industry’s jobless rate or any tendency of workers to transfer between high unemployment and low unemploy ment sectors, thus either lowering or raising the respective industry labor force proportions.5 Data used are annual averages from the Current Popula tion Survey, a monthly survey of about 59,000 households. Calculations are made at the industry division level, with manufacturing separated into its durable and nondurable goods components, for a total of 12 divisions.6 The results are presented in table 1. It is quite obvious that during the 1972-85 period, the unemployment rate was little influenced by the industry structure change. In fact, the changing industrial structure, as measured by the direct composition effect, was quite modest in its impact, ranging from zero in 1973 to -.052 percentage points in 1983. The interaction effect was nega tive or zero in all cases, while the trend/cycle effect had the greatest impact on the unemployment rate of the experi enced labor force. Unemployment rates for the experienced labor force appear in table 2 in original, composition-adjusted, and composition- and interaction-adjusted form (a procedure that assumes that the entire interaction term represents ad justments of labor force weight in response to changes in the industry unemployment rate7). All adjustments are based on the 1972 industry labor force distribution. The unadjusted jobless rate rose 3.48 points (83.9 per cent) in the 1973-75 recession. Industry composition change had virtually no effect; after adjusting for the direct composition effect since 1972, the increase was 3.47 points (83.4 percent). Taking into account the interaction term yielded an unemployment rate increase of 3.43 percentage points (82.6 percent) relative to the rate in 1973. During the 1979-82 recessionary period, the unadjusted rate rose 3.64 points (72.0 percent). (While technically con sidered to be two complete cycles, the 1979-82 period is analyzed here as a single cycle.) Adjusted for changing composition since 1972, the rise was 3.62 points (71.9 percent). When both the composition and interaction effects were taken into account, the rise was 3.47 points (68.9 percent). Thus, the long-term trend in industry structure change had little effect on either the absolute level of the unemployment rate during these two downturns or on the magnitude of the unemployment rise. The limited impact of Chart 1. Unemployment rate of the experienced civilian labor force, 1972-85 annual averages 1972 N ote: 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Shaded areas are recessionary periods designated by the National Bureau of Economic Research, Inc., Cambridge, MA. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 31 MONTHLY LABOR REVIEW May 1987 • Research Summaries Table 2. Unemployment rates of the experienced civilian labor force adjusted for compositional and interactional changes, 1972-85 annual averages [In percent] A djusted unem p loym en t rates Year O riginal unem p loy m ent rate C hanges in industrial com position Changes in com position and interaction 1972 1973 1974 1975 ........................ ........................ ....................... ....................... 4.848 4.156 4.871 7.640 4.848 4.156 4.871 7.621 4.848 4.150 4.867 7.577 1976 1977 1978 1979 ........................ ....................... ........................ ........................ 6.820 6.132 5.202 5.059 6.797 6.114 5.182 5.033 6.774 6.105 5.182 5.033 1980 1981 1982 1983 1984 1985 ........................ ........................ ........................ ........................ ........................ ........................ 6.350 6.771 8.703 8.609 6.604 6.334 6.327 6.739 8.651 8.560 6.572 6.334 6.285 6.689 8.503 8.408 6.489 6.229 the shift towards service industries is confirmed by chart 1, on which the original data and data adjusted for both compo sition and interaction have been plotted after rounding to the first decimal point. The effect on the unemployment rate is so small because of the relative cyclical sensitivity of fast- and slow-growth industries. Unemployment rates for the relatively slowgrowth manufacturing divisions are quite sensitive to the cycle. However, although employment levels continue to rise in the service industries, unemployment rates in these fast-growth industries are also sensitive to business cycles. For example, the jobless rate in the rapidly expanding retail trade industry (a major part of the service sector) also rose very sharply during recessions. By 1985, the retail trade industry accounted for almost as much of the experienced labor force as durable and nondurable manufacturing com bined, and thus contributed as much weight to the aggregate unemployment rate. Thus, it is incorrect to assume that all rapidly growing sectors are immune to the business cycle. Certainly, thencyclical sensitivity is more apparent in their unemployment rates than in their employment levels. Therefore, while the moderation hypothesis is intriguing, the empirical effect has been negligible during the past 14 years. Q --------- F O O T N O T E S -------1 The experienced labor force excludes those who have no previous work experience and, therefore, no attachment to a particular industry. This labor force concept is used because workers without experience cannot be mean ingfully classified according to industry. 2 See for example, Robert Kuttner, “The Declining Middle,” A tla n tic M o n th ly , July 1983; Barry Bluestone and Bennett Harrison, T h e D e in d u s tr ia liz a tio n o f A m e r ic a (New York, Basic Books, 1982); Thomas J. Di Lorenzo, “The Myth of America’s Declining Manufacturing Sector,” H e r ita g e F o u n d a tio n B a c k g r o u n d e r No. 321 (Washington, DC, Jan. 13, 1984); and Ronald E. Kutscher and Valerie A. Personick, “Deindus trialization and the shift to services,” M o n th ly L a b o r R e v ie w , June 1986, 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis pp. 3-13. 3 Quoted in Henry F. Meyers, “The Growth in Services May Moderate Cycles,” T h e W a ll S tr e e t J o u r n a l, Sept. 22, 1986, p. 1. 4 The experienced unemployed are categorized by the industry in which they last worked. This can lead to data classification problems— for exam ple, a worker on layoff from a durable goods manufacturing job who works in a temporary job as a taxi driver would be classified as employed in transportation and public utilities. Despite these technical concerns, indus try unemployment rates provide a useful perspective on the structural trends that are the focus of this report. 5 This section draws heavily on Joseph Antos, Wesley Mellow, and Jack Triplett, “What is a current equivalent of unemployment rates of the past?” M o n th ly L a b o r R e v ie w , March 1979, pp. 36-46. 6 Industry classification in the Current Population Survey is somewhat different than in the Bureau of Labor Statistics establishment payroll survey in that government employees are categorized by industry public admin istration, health, education, and so forth— in the CPS, rather than being aggregated in a single industry. 7 This assumption, which builds the best case possible for the cycle moderation hypothesis, is at least plausible in light of the consistently negative values of the interaction term. Cooperative training in telecommunications: case studies M a r g a r e t H il t o n a n d R o n n ie S t r a w In mid-1986, the Communications Workers of America (c w a ) and American Telephone and Telegraph ( a t & t ) reached agreement on a 3-year contract covering 155,000 workers. The highlight of the new contract was an innova tive employment security package that gives the company the flexibility to meet competition while protecting and en hancing the careers of the workers, a t & t will provide $7 million annually to a new jointly-administered corporation, the Alliance for Employee Growth and Development, which will offer career counseling, training, and retraining to both active and laid-off a t & t employees.1 All regular full- and part-time employees represented by c w a will be eligible for the joint training programs. In addition, laid-off cwA-represented employees may partici pate if they enroll within 6 months of layoff and take their severance pay in weekly installments. Laid-off workers will remain eligibile for 1 year after these severance payments expire, or until they find a new job, whichever happens first. This new agreement represents a major milestone in the history of the U.S. telecommunications industry. Training and retraining will help American industry compete in world markets. For the 650,000 workers represented by c w a , the contract was also a major step forward. Between 1983 and 1986, total employment in telephone communications dropped by 14 percent,2 as new technology and increased competition caused layoffs. More than half of c w a ’ s mem bers are employed by the seven Regional Bell Operating Margaret Hilton is a research economist and Ronnie Straw is director of development and research, Communications Workers of America. Companies spun off from at&t under the 1984 divestiture agreement. These workers also obtained major improve ments in training under new contracts negotiated in August 1986, after the at&t agreement was reached. As cwa and at&t begin to establish the joint training program, they can learn from past experience with both training and quality-of-worklife programs. The quality-of-worklife strategy Before divestiture, in the stable world of the regulated monopoly, cwa and at&t saw the benefits of joint efforts to improve working conditions and increase produc tivity. A series of company surveys in the late 1970’s showed that workers were dissatisfied with increasing pro duction pressures, measurement and monitoring of work, excessive overtime, and lack of proper training. To address these problems, reduce job stress, and improve communica tions, the company and union agreed, as part of their 1980 national contract, to a joint quality-of-worklife process. Quality-of-worklife had its origins in British coal mines in the 1940’s. Eric Trist, a behavioral scientist now at the Wharton School, developed a new paradigm of work orga nization stressing autonomous work groups, broader jobs, and worker participation in decisionmaking. The concept began to appear in U.S. manufacturing industries in the 1960’s, and gained momentum with a growing concern for worker satisfaction on the job. In the United States, qualityof-worklife generally takes the form of worker-management teams which meet to discuss and solve workplace problems. When researchers from the New York Stock Exchange surveyed 49,000 corporations employing more than half of all U.S. workers, they found that quality-of-worklife-related activities had grown rapidly between 1980 and 1982.3 Dur ing this time, about 14 percent of corporations with 100 or more employees had quality-of-worklife-type programs. Although some experts predicted that quality-of-worklife and other forms of labor-management cooperation would diminish as the economy recovered from recession in the mid-1980’s, the opposite has occurred. Increased global competition and the introduction of new technology have spurred more companies to implement worker participation programs. According to Business Week:4 at&t In the past few years, scores o f companies that traditionally set the patterns in industrial relations have adopted the concept. Among them are General Electric, Ford, most GMDivisions, as well as Xerox, Honeywell, Digital Equipment and other hightech companies. Even the financial services industry is picking up the concept. These national trends are reflected in cwa’s quality-ofworklife programs. Since 1980, about 1,000 company and union facilitators have been trained, and 3,000 joint local work force teams have met to discuss issues of concern to the company and union. In a recent study, cwa and at&t concluded that quality-of-worklife was “worth it,” with real benefits for all parties.5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In the present competitive, postdivestiture environment, worker participation is even more important to both cwa and the telephone companies. As Michael Maccoby, a consul tant to cwa and at&t put it:6 In a competitive world, the bureaucratic, industrial system is too cumbersome and expensive. Workers must be trained to under stand the goals of the business and given the authority to re spond to customer needs and to solve local problems. Such training and authority requires new skills, flexibility, and decen tralization. When it works, everyone is involved in satisfying customers and in cutting unnecessary costs. . . The quality-of-worklife process can help achieve these goals, making the companies more competitive, which, in turn, will make cwa jobs more secure. Training and retraining In 1983, cwa and at&t recognized that changes in the industry and technology made ongoing training a necessity. Their 1983 national contract directed at&t and each Bell Operating Company to begin offering training and retraining programs. A union-management Training Advisory Board was established in each company to advise management on off-hours training for career development and retraining for new jobs within the company. Training programs under the 1983 contract used a variety of delivery mechanisms. At Northwestern Bell headquar tered in Omaha, ne , the joint board contracted with 43 community colleges to deliver free career counseling and courses to workers living throughout the five-State region. Since the program began in October 1984, 4,600 workers, or 46 percent of the 10,000 who are eligible, have partici pated in counseling or training, or both. The dropout rate from college courses selected by the workers, based on their career plans, was less than 5 percent. At c&p in the Washington, dc, area, the training board has expanded courses offered after work at company loca tions. Because of their convenience, these classes, which emphasize basic skills such as math and reading, are very popular. The company also offers tuition assistance and home study courses. Rank-and-file participation in off-hours training was 26 percent in 1984 and 17 percent in 1985. at&t , Bell South, and Pacific Telesis developed exten sive correspondence curricula which matched their business plans. Because of their great accessibility, these courses proved extremely popular. Most of the companies also of fered tuition assistance for courses at local colleges. cwa members have responded enthusiastically to the new training programs. At most companies, participation rates were over 10 percent, and at Pacific Telesis, at&t , and New Jersey Bell, they were over 15 percent. Courses in basic skills, whether offered via home study or through local colleges, were especially popular. AT&T’s studies of its work force indicate that “measured cognitive skills may account for as much as one-third of the productivity difference be tween workers.”7 33 MONTHLY LABOR REVIEW May 1987 • Research Summaries Joint processes improve training Some of the most successful training programs have been those in which union and management used the quality-ofworklife process to develop and implement the program. When both parties are involved and committed to training, more workers participate and success rates are higher. Columbus, oh. One example of successful joint training is found in the Columbus, oh, operator services district of at&t Communications. This group of employees has been actively involved in quality-of-worklife since 1981. Formerly a part of Ohio Bell, the operator services district now includes 25 managers and 370 workers, most of whom are long-distance operators. Following divestiture, qualityof-worklife has continued and grown. In addition to a dis trict level quality-of-worklife steering committee and sev eral subcommittees and task forces, operator circles reach every employee, with meetings every 4 months. Through quality-of-worklife, union and management have successfully developed and delivered several types of training. First, to facilitate the work of the operator circles, all employees were trained in problem-solving techniques. The steering committee also assigned a service assistant to develop and conduct a short stress management course. About one-third of the workers have taken the course to date, and surveys show that the course has been extremely well received.8 The professional development subcommittee of the steer ing committee has been particularly active in the area of training. With input from operators in all of the offices, the subcommittee designed a 2-hour course on professionalism and customer satisfaction. A feedback survey indicated that most trainees found the course valuable in promoting pro fessionalism and pride. They were reminded of the impor tance of their contribution to the company in the more com petitive, postdivestiture environment. The cwa-at&t Training Advisory Board began mailing texts for home study courses in early 1985. When the pro fessional development subcommittee learned about the courses, they set up after-hours study halls on company premises. Seven union and management subcommittee members began by working through the “Quick Arithmetic” course, meeting on their lunch hours to discuss problems. All seven successfully completed the course. In early 1986, these seven “coaches” organized a study hall on company premises for other interested at&t employees. Combining the coaches with the study hall group, a total of 43 people enrolled in Quick Arithmetic and received texts, and 81 percent successfully completed the course. Based on this success, the professional development subcommittee is now coaching groups enrolled in “Basic Electricity,” “English Review,” and “Principles of Selective Listening” courses. In contrast, national completion rates for at&t employees 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis who attempted the home study course on their own were much lower.9 Of the 12,328 employees who had enrolled in February through September 1985, only 3,778, or 31 per cent had passed their final test by December of that year.10 At c&p Telephone, completion rates for off-hours corre spondence courses averaged 55 percent, compared with 85 percent completion for those who enrolled in classroom training. By creating a classroom situation, the Columbus quality-of-worklife team has overcome the low motivation that usually leads to high dropout rates. An active unionmanagement partnership has improved the quality of training. Pacific Northwest Bell. Success with quality-of-worklife led managers at Pacific Northwest Bell to extend joint deci sionmaking in late 1984. They established a group of three internal Organizational Change Consultants. The consul tants reported to management, cwa, and the International Brotherhood of Electrical Workers, respectively, but were all housed within the company and worked as a team. One of the first problems assigned to the consultants related to time and materials charging. Because installers were uncertain about whether and how they could charge for work on equipment and wiring not owned by Pacific North west Bell, they were charging customers at a very low rate. The company, seeing little revenue generated by the labor hours spent, had stopped marketing the technicians’ serv ices. A report on the legal and financial aspects of billing was produced, but this highly detailed information was not reaching the installers who actually did the work. To address this problem, the consultants involved a crosssection of interested parties, including a core group of six managers chosen by the department directors and four craftspeople chosen by the local unions. Seeing the need for more expertise, this group brought in managers who were knowledgeable about rates and tarriffs; a manager and two cwa members from the business office; and an expert wiring crafts worker. The task force agreed to two goals— increas ing revenues and increasing job security. Two course developers from the company learning center and two technicians developed the curriculum for a 1-day pilot class on time and materials charging. Following trials of the pilot, the subcommittee switched to a longer format of two 6-hour days. The training was aimed not only at teaching the installers how and what to charge, but also why they should keep accurate records— to increase their job security. The committee had agreed to measure the revenues generated by time and materials charging so that these rev enues could be weighted against labor costs in layoff decisions. In March, April, and May of 1985, the course was deliv ered to about 400 installers. Three instructors— all techni cians— brought the training to installation and maintenance groups throughout Washington and Oregon. The results of the training have been phenomenal, as shown by the pattern of revenues generated from work on equipment not owned by Pacific Northwest. In January 1985, before the course, revenues totalled $589. In April, when half of the workers had completed the training, $21,000 was generated from the outside work. By February 1986, billing for customized work and charges reached $180,000. Total revenues for 1985 and the first 2 months of 1986 were about $1.4 mil lion, or nearly twice the task force’s projection of $831,000. As a result of the course, installers’ services are now marketed aggressively. For example, if an installation crew drives by a construction site on their way from another job, they stop and bid on the work. They also know how much to charge for working on outside equipment, such as doing testing for a t &t . In addition to achieving the company’s goal of enhancing revenues, the task force’s efforts have led to increased job security for installation and maintenance technicians. De mand for their services has grown with increased bidding on jobs and more installers have been hired, providing c w a members in other job titles with opportunities for promo tions or transfers into this work group. Future layoffs are unlikely because the savings in labor costs must be weighed against the revenues generated by the installers. A second training problem was identified through the annual Work Relationships Survey, conducted as part of the ongoing quality-of-worklife process. Systems technicians, who work on computer-telephone hookups and other special systems, indicated that they were unhappy with the quality of their training. Training was mostly provided in learning laboratories where employees independently studied text books and tapes, and raised questions to managers who were sometimes available. This training structure did not give the technicians the skills needed to deal with equipment venders and competitors in the postdivestiture world, nor did it in clude training on digital equipment, which was planned to be completely installed by 1987. A more detailed survey of the technicians’ knowledge of math and electronics revealed that they needed more knowl edge on the fundamentals of electronics. A manager who was instrumental in the surveys and training called upon the Joint Occupational Change Consultants. This team set up a task force of systems technicians, chosen by c w a local pres idents, line managers, course developers, and representa tives of Lake Washington Vocational Technical Institute. This group first met in May 1985. The consultants split the task force into three committees. The curriculum committee, which included skilled systems technicians, brainstormed about topics to cover, evaluated textbooks, and interviewed candidates for the instructor and assistant instructor jobs. The human factors committee dealt with transportation, housing, and contract issues. The fi nance committee obtained group accommodations from a motel near the school and tracked total course costs. The skills of the consultants and the energy of the committee members met with success. By September 1985, the first class began the 3-week “Telecommunications I” course. Although participation (on company time) was voluntary, 95 percent of the system technicians signed up for the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis course. They were so enthusiastic about the training that their supervisors also wanted to participate. In June 1986, 8 classes of 20 technicians and 5 classes of 22, including 10 first-level supervisors, had finished the course. Of these 270 trainees, there were no dropouts and only one failure. Fol lowing a summer break, three more classes met. As of November 1986, about 300 technicians and supervisors had been trained and no one else had dropped out or failed. The participants were enthusiastic about the quality of the in structors, the extensive modem laboratory, and relaxed ca maraderie among the trainees. Also, they preferred the classroom setting to their earlier self-paced instruction. In general, dropout rates from off-hours correspondence courses at Pacific Northwestern have ranged from 56 to 67 percent between 1982 and 1985. Although completion rates are probably higher for on-hours training, the problem of lack of motivation in self-paced courses remains. Management was pleased that the off-site electronics course was less expensive than in-house training. Tuition costs reflected a State subsidy to the vocational technical school of about 31 cents per dollar. Technicians who have completed the course were more comfortable dealing with outside vendors, called on their supervisors less often, and were more motivated to work. The success of “Telecommunications I” has led to further joint training efforts. Management and union representa tives have begun developing “Telecommunications II,” a more advanced course, covering digital electronics and mi croprocessors. The instmctor for Telecommunications I has surveyed managers, trainees, and technicians to identify training needs and develop the curriculum for the second course. Continued joint training in electronics will increase productivity and employment security as the company in stalls digital equipment. F or a t &t a n d c w a , the success of the courses at Pacific Northwest Bell and a t &t Columbus provides a model of working together. In both examples, union and management were active participants in designing and delivering train ing. The quality-of-worklife process, which facilitated these successes, can help c w a and a t &t set common goals to use the new joint training fund effectively and to work together to deliver beneficial training programs. Joint training enhances productivity and competitiveness for employers, while helping individuals reach career goals. As national and international competition grows, companies that develop their human capital through such innovative approaches will survive and prosper. | | -------- F O O T N O T E S --------1 The International Brotherhood of Electrical Workers obtained similar training programs for their 41,000 & employees in June 1986. How ever, the did not create a separate, jointly-owned corporation to deliver training and career counseling. a t t ib e w 35 MONTHLY LABOR REVIEW May 1987 • 2 Bureau of Labor Statistics, E m p lo y m e n t a n d 3 William C. Freund and Eugene Epstein, E a rn in g s , Research Summaries February 1986. P e o p le a n d P r o d u c tiv ity : Th e N e w Y o rk S to c k E x c h a n g e G u id e to F in a n c ia l I n c e n tiv e s a n d th e Q u a lity o f W o rk L ife industry groups (wholesale and retail trade; services; and finance, insurance, and real estate), union membership was less than 8 percent of employment. (Homewood, IL, Dow Jones-Irwin, 1984), p. 128. 4 John Hoerr and Michael A. Pollock, “Management Discovers the Human Side of Automation,” B u s in e ss W eek , Sept. 29, 1986, p. 74. 5 U.S. Department of Labor, Bureau of Labor-Management Relations and Cooperative Programs, Q u a lity o f W o rk L ife : a t & t a n d cwa E x a m in e P r o c e s s A fte r T h re e Y e a r s 1985, p. iii. 6 I b id ., p. vii. 7 Mary L. Tenopyr, “Cognitive Skills and Job Performance,” H ig h (Washington, National Academy Press, 1984). Occupation. Operators, fabricators, and laborers (includ ing machine operators, assemblers, transportation workers, cleaners, and helpers) and precision production, craft, and repair were the most heavily unionized major occupational groups, with 30 and 29 percent union membership, respec tively. Membership rates were less than 15 percent among the other major occupational groups. S c h o o ls a n d th e C h a n g in g W o rk p la c e 8 Communications Workers of America Research Staff and AT&T Com munications Research Staff, T h e E m e rg e n c e o f S e c o n d G e n e r a tio n Q u a lity o f W o rk L ife M o d e ls in a t & t C o m m u n ic a tio n s: A P i lo t S tu d y , 1986, p. 8. 9 The five most widely used home study courses are Robert A. Carman and Marilyn J. Carman, Q u ic k A r it h m e tic , 2nd ed. (John Wiley and Sons); Donald H. Sanders, C o m p u te r s T o d a y (McGraw-Hill); Robert N. Anthony, E s s e n tia ls o f A c c o u n tin g , 3rd ed. (Addison-Wesley); P r in c ip le s o f S e le c tiv e L iste n in g (Argyle Publishing); and Patricia M. Fergus, S p e llin g I m p r o v e m e n t (McGraw-Hill). 10 zation, a t & t Communications Corporate Learning and Development Organi table 3. Demographic characteristics. While a larger proportion of male workers than female workers belonged to unions (22 and 13 percent, respectively), the pattern of union member ship proportions by age bracket was similar for both men and women. The proportion of workers belonging to unions was smallest for workers age 16 to 24 for both men and women (9 and 5 percent, respectively). As worker age rose, so did the percentage belonging to unions, with the highest unionization rate occurring for both men and women in the 45- to 64-year-old bracket. T r a in in g !R e tra in in g 1 9 8 5 R e s u lts a n d M e a s u r e m e n ts , New data on workers belonging to unions, 1986 An estimated 17 million wage and salary employees were union1 members in 1986, unchanged from 1985. In com parison, union membership declined an average of about 817,000 a year between 1979 and 1983 and 361,000 a year between 1983 and 1985. Because of the increase in total wage and salary employ ment— from 94.5 to 96.9 million— union members as a proportion of all wage and salary employees fell from 18.0 to 17.5 percent between 1985 and 1986. Union membership and employment data were obtained from the Current Population Survey (cps), conducted by the Bureau of the Census for the Bureau of Labor Statistics. The cps compiles data on workers identified by their member ship in unions or by their representation at work by a union, whether or not they were members. The data covered only employed wage and salary workers, not those who were self-employed, retired, or laid-off. Industry. Two of the eight major industry groups— Fed eral, State, and local government and transportation, com munications, and public utilities— had union membership proportions approximately double the 17.5 percent national average. Manufacturing and construction also had higher proportions than the national average, 24 and 22 percent, respectively. In mining, the proportion of union members was the same as the national average. Among the other Digitized for36 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Earnings. Full-time workers represented by unions had higher median usual weekly earnings than those without representation ($439 compared with $325). This relation ship existed in 6 of the 8 major industry groups (exceptions were mining and finance, insurance, and real estate) and among the occupational groups (with the exception of man agerial and professional specialty workers). Similarly, among black and white workers of both sexes, those covered by a collective bargaining agreement had higher weekly earnings than those that were not represented. For detailed data, see Larry T. Adams, “Union Member ship of Wage and Salary Employees in 1986,” Current Wage Developments, February 1987, pp. 3-8. --------- F O O T N O T E --------1 “Union” is defined to include traditional labor unions and employee associations that represent employees in collective bargaining. Occupational pay structure in cigarette manufacturing plants Straight-time earnings of production and related workers in the cigarette manufacturing industry averaged $14.81 an hour in July 1986, according to a Bureau of Labor Statistics occupational wage survey.1 Pay levels among occupations selected to represent the industry’s wage structure, workers’ skills, and manufactur ing operations ranged from $11.40 an hour for material handling laborers to $17.90 for maintenance electricians. Cigarette making-machine operators, the most numerous group studied separately, averaged $14.96 an hour— $15.01 for filter cigarettes and $13.74 for nonfilter cigarettes. The only other groups with at least 2,000 employees were machine adjusters, who averaged $17.73 an hour and pack ers, who averaged $15.02 an hour. (See table 1.) Earnings of individual workers reflect the similarity of rates paid by the establishments in the survey. Commonly, workers’ pay varied by no more than 50 cents an hour in each of four surveyed jobs, and by no more than $1 an hour in five others. For example, nearly two-thirds of the cigarette making-machine operators earned between $15 and $15.50 an hour, and three-fifths of the carpenters earned between $17.50 and $18 an hour. Also, differences in earn ings of individual workers within the same occupation and establishment seldom exceeded 15 percent. Such concentrations of earnings largely reflect the princi pal method of pay in the industry. All of the workers were paid on a time basis, and nearly two-thirds were under systems providing a single rate for a specific job. Range of rate plans covered the other workers. The $14.81 average for all production workers in July 1986 was 41 percent higher than the $10.47 recorded by a previous survey in June 1981.2 This increase, accompanied by a 27-percent decline in employment, averaged 7.1 per cent annually. In comparison, the wage and salary compo nent of the Bureau’s Employment Cost Index registered an average annual increase of 5.0 percent in nondurable goods manufacturing over roughly the same period. With lower employment came changes in the occupa tional composition of the work force. Since the 1981 survey, for example, the number of inspectors dropped by one-half and cigarette making-machine operators by one-third; partly attributable to new, multifunctional equipment. Moreover, cigarette catchers— 15 percent of the production workers 20 years ago, but just 1 percent in June 1981— were not iden tified separately for the current study. All of the production workers were in establishments providing paid holidays, paid vacations, and at least part of the cost of various health and insurance plans. Nearly twothirds of the cigarette workers received the industry maxi mum of 13 holidays annually. Typical vacation provisions were 2 to 6 weeks with pay, depending on years of service. All establishments provided employer-paid retirement pension plans (in addition to Social Security). Retirement severance plans applied to slightly more than two-fifths of the work force. The nine cigarette manufacturing establishments within the scope of the survey (plants with 50 workers or more) employed 23,913 production workers in July 1986. Twothirds of the workers were employed in establishments lo cated in metropolitan areas,3 and nearly four-fifths were in establishments employing 2,500 workers or more. Slightly more than one-half of the workers were employed in North https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Number of workers and average hourly earnings in cigarette manufacturing plants, selected occupations, July 1986 D e p a rtm en t a n d o c cu p a tio n N u m b e r of w o rke rs All production workers ....................... A v e ra g e ho u rly e a rn in g s 1 23,813 $14.81 34 350 398 17.49 17.90 17.65 2,607 17.73 2,885 2,773 112 2,869 14.96 15.01 13.74 15.02 200 13.57 458 13.30 213 842 835 46 11.40 13.40 13.40 13.48 100 83 12.57 12.86 M a in te n an c e Carpenters.......................................... Electricians ........................................ Machinists........................................... F ab ricatio n Adjusters, machine.............................. Cigarette making-machine operators ........................................ Filter cigarettes............................ Nonfilter cigarettes ..................... Cigarette machine packers................. Insp ectio n Cigarette making inspectors........................................ Cigarette packing inspectors........................................ M aterial m o v em e n t Laborers, material handling........................................... Power-truck operators ....................... Forklift ............................................. Truckdriver.......................................... C u s to d ia l Guards ............................................... Guards 1 ........................................... 1 Excludes premium pay for overtime and for work on weekends, holidays, and late shifts. Incentive payments, such as those resulting from piecework or production bonus systems, and cost-of-living pay increases (but not bonuses) were included as part of the workers’ regular pay. Excluded are performance bonuses and lump-sum payments of the type negotiated in the auto and aerospace industries, as well as profit-sharing payments, attendance bonuses, Christmas or yearend bonuses, and other nonproduction bonuses. Note: Overall occupations may include data for workers in subclassifications in addition to those shown separately. Carolina; the remainder were in Georgia, Kentucky, and Virginia. Filter cigarettes were the primary product manufactured in establishments employing 96 percent of the production workers. The remaining workers were in establishments primarily producing nonfilter cigarettes. Seventy percent of the workers were in establishments producing only ciga rettes. However, when a secondary tobacco product was produced, it was always smoking tobacco. Cigarette plants reporting a majority of their production workers under collective bargaining agreements employed seven-tenths of the industry’s work force. The major union in the industry is the Bakery, Confectionery, and Tobacco Workers International Union ( a f l - c i o ) . Under these con tracts, workers receive quarterly cost-of-living adjustments ( c o l a ) of 1 cent for each 0.3-percentage-point increase in the b l s Consumer Price Index. Besides c o l a , the contracts typically include provisions for wage adjustments— either cents-per-hour or percentage additions to base rates. A c o m p r e h e n s i v e b u l l e t i n on the study, Industry Wage Survey: Cigarette Manufacturing, July 1986, b l s Bulletin 2276, may be purchased from the Bureau of Labor Statis- 37 MONTHLY LABOR REVIEW May 1987 • Research Summaries tics, Publication Sales Center, P.O. Box 2145. Chicago il 60690, or the Superintendent of Documents, U.S. Govern ment Printing Office, Washington, DC 20402. -------- F O O T N O T E S --------1 Earnings data exclude premium pay for overtime and for work on weekends, holidays, and late shifts. Incentive payments, such as those resulting from piecework or production bonus systems, and cost-of-living pay increases (but not bonuses) were included as part of the workers’ regular pay. Excluded are performance bonuses and lump-sum payments of the type negotiated in the auto and aerospace industries, as well as profitsharing payments, attendance bonuses, Christmas or yearend bonuses, and other nonproduction bonuses. 2 See I n d u s tr y W a g e S u rv e y : C ig a r e tte M a n u fa c tu rin g , letin 2132 (Bureau of Labor Statistics, June 1982). June 1 9 8 1 , Bul 3 Metropolitan Statistical Areas as defined by the U.S. Office of Man agement and Budget through June 1983. Employer-sponsored health insurance for retirees: the need and the cost Retirees in the private sector are finding employersponsored health insurance an increasingly important bene fit, according to a recent report by the U.S. Department of Labor’s Pension and Welfare Benefits Administration. Some highlights: Although medicare is the principal source of health cover age for the elderly, private health insurance, especially cov erage provided through employer-sponsored group plans, provides an important supplement. The significance of pri vate health benefits is likely to continue to grow as early retirement becomes even more common, life expectancy increases, and the older population grows. Coverage. In 1983, an estimated 4.6 million retirees and 2.3 million dependents were covered by private sector em ployers’ health insurance programs. Among retirees and dependents age 65 and over, 4.3 million persons were cov ered, or 16 percent of this segment of the population. Group health insurance is a key consideration to those contemplating early retirement because medicare is not available before age 65. An estimated 1.6 million retirees Digitized for 38 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and 1 million dependents under 65 were covered by employer-sponsored programs. Employer-sponsored group insurance generally provides better coverage for health services than other private health insurance programs. Although cost-sharing does vary widely between firms, employers pay an average of 58 percent of the premiums under group insurance plans. No systematic sample data are available on the criteria used by employers to determine eligibility for retiree health benefits. However, scattered data indicate that, to be eligi ble for benefits, employees usually have had to work for a firm for at least 10 years, and in some cases for as many as 20 years. Funding. Prefunding of retiree health benefits is rare. Al most all firms finance these benefits on a pay-as-you-go basis. The Deficit Reduction Act of 1984 virtually precludes prefunding for retiree medical benefits. (A concern of the Congress was potential tax abuse.) An alternative would be prefunding as an incidental benefit to a pension plan under section 401 (h) of the Internal Revenue Code. Retirees’ benefits funded under this section, however, are not af forded the same level of protection as pension benefits. The present value of the accrued liability for retiree health benefits is estimated to have been $98.1 billion in 1983. This accrued liability represents the present value of benefits that both active and retired employees had “earned” as of the end of 1983. If employers had been prefunding retiree health in surance, the 1985 annual accrual for new benefit liabilities would have been an estimated $750 million. Medicare tax rates are currently inadequate to sustain the program through the 1990’s, and concerns about the Federal deficit suggest that medicare benefits are unlikely to in crease in the near future. The continuing rise in health care costs over the past decade has resulted in many companies reducing their health care benefits or increasing costs to beneficiaries, including retirees. The report, “Employer-Sponsored Retiree Health In surance,” was prepared by the Office of Policy and Re search, Pension and Welfare Benefits Administration. Copies may be obtained by writing to the Department of Labor, Office of Policy and Research, Pension and Welfare Benefits Administration, Washington, DC 20210 or by calling 202-523-9505. □ Major Agreements Expiring Next Month This list of selected collective bargaining agreements expiring in June is based on information collected by the Bureau’s Office of Wages and Industrial Relations. The list includes agreements covering 1,000 workers or more. Private industry is arranged in order of Standard Industrial Classification. I n d u str y o r a c tiv ity N um ber o f w ork ers E m p lo y e r a n d lo c a tio n L a b o r o r g a n iz a tio n ! Associated General Contractors of New Jersey and others (Interstate).. Associated General Contractors, Building, Heavy and Highway (Utah) Associated General Contractors and Building Trades Employers’ Asso ciation (Boston, ) Allied Building Metal Industries, Inc., 2 agreements (New York, N Y ) Building construction agreement (New York, N Y ) .......................................................... Building Trades Employers’ Association, Nassau and Suffolk (New York) Building Contractors, Associated Brick Masons and others, Nassau and Suffolk (New York) Elevator Manufacturers Association of New York (New Y ork)............ General Contractors Association (New York, ) .......................................................... General Contractors Association (New York, N Y ) ........................................................... Mechanical Contractors Association (New York, N Y ) ................................................ Great Western Sugar Co. (Interstate)..................................................... Wholesale bread and cake bakeries (Interstate)..................................... Operating Engineers ........................ Operating Engineers ........................ Iron Workers ................................... 4,500 1,500 1,800 Iron Workers ................................... Carpenters ....................................... Operating Engineers ........................ 2,400 20,000 1,700 Laborers........................................... 2,000 Elevator Constructors ...................... Operating Engineers ........................ Laborers........................................... Plumbers ......................................... Teamsters (Ind.) .............................. Bakery, Confectionery and Tobacco Workers Teamsters (Ind.) .............................. Textile W orkers................................ Ladies Garment Workers ................ 1,900 3,000 2,400 3,300 1,400 8,000 P r iv a te Construction.................................... m a n y Food products ................................ Textiles .......................................... Apparel ......................................... Paper ............................................. Printing and publishing.................. Chemicals ...................................... Stone, clay, and glass products . . . Machinery ...................................... Electrical products.......................... Transportation equipment .............. Water transportation ...................... Utilities ......................................... Retail trade .................................... Insurance ........................................ Services .......................................... Amusements .................................. Hospitals ........................................ Wholesale Bakers Group, drivers (southern California) ........................ Dan River Inc. (Danville, ) ............................................................... Lingerie and Negligee Manufacturers Association of New York (New York, N Y ) James River Co. (Berlin, N H ) ................................................................. Metropolitan Lithographers Association, Inc. (New York, N Y ) ............ Martin Marietta Energy Systems, Inc. (Oak Ridge, ) ...................... Owens-Coming Fiberglas Corp. (Newark, O H ) ..................................... v a t n Sperry-Rand Corp., Univac Division (St. Paul, ) ............................ Zenith Radio Corp. (Chicago, IL) .......................................................... Rockwell International Corp. (Interstate)............................................... Bell Helicopter Co. (Fort Worth, T X ) ................................................... Tankers agreement (Interstate) ............................................................... American Maritime Association (Interstate) ......................................... Georgia Power Co. (Georgia)................................................................. Detroit Edison Co. (Michigan)............................................................... Safeway (Virginia) ................................................................................. Acme Food Stores (Baltimore, M D ) ....................................................... Employers Association of Greater Chicago (Illinois) ............................ John Hancock Mutual Life Insurance Co. (Interstate) .......................... Textile Rental Services Association (California)................................... Alliance of Motion Picture and Television Producers (Interstate) ........ Seattle Area Hospital Council (Seattle, ) ......................................... m n w a Paperworkers ................................... Graphic Communications ................ Atomic Trades and Labor Council .. Glass, Pottery, Plastics and Allied Workers Electrical Workers ( I B E W ) ................ Independent Radionic Workers (Ind.) Auto Workers ................................. Auto Workers ................................. Maritime U nion................................ Seafarers ......................................... Electrical Workers ( I B E W ) ................ Utility Workers ............................... Food and Commercial Workers . . . . Food and Commercial Workers ___ Machinists ....................................... Food and Commercial Workers . . . . Laundry and Dry Cleaning Union .. Directors Guild ................................ Nurses Association (In d .)................ 2,800 7,500 3,000 1,200 5,000 4,400 2,250 2,500 1,500 16,000 2,700 4,500 8,000 6,000 3,600 2,500 2,000 2,500 5,000 2,600 2,800 3,500 P u b lic General government ...................... California: Orange County clerical u n it................................................. Orange County general u n it................................................. Education........................................ General government ...................... Sacramento Board of Education, classified employees . . . . San Diego Board of Education, teachers ............................ San Diego County multidepartments.................................... Health services .............................. Fire protection................................ State professional engineers................................................. State psychiatric technicians ............................................... State Department of Forestry, firefighters........................... Orange County Employees Associa tion Orange County Employees Associa tion Service Employees .......................... Education Association (Ind.) .......... San Diego County Employees’ Asso ciation Professional Engineers (Ind.) .......... Communications W orkers................ Fire Fighters ................................... 3,200 2,850 3,000 6,000 7,200 4,800 7,700 3,000 See footnote at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 39 MONTHLY LABOR REVIEW May 1987 • Major Agreements Expiring Next Month Continued—Major Agreements Expiring Next Month E m p lo y e r a n d lo c a tio n In d u stry o r a c tiv ity Law enforcement............................ State correctional peace officers ......................................... State Patrol ........................................................................... Education........................................ Health services .............................. General government ...................... Florida: Duval County Board of Education, noninstructional employees Orange County teachers ........................................................... State University faculty............................................................. State professional health care unit ............................................ State human services u n i t......................................................... State professional u n it............................................................... State operational services unit .................................................. Hawaii: State professional and scientific unit ........................................ State blue-collar u n it................................................................. State white-collar general unit ................................................. Education........................................ General government ...................... Education........................................ General government ...................... Education........................................ General government ...................... State Board of Education, teachers ......................................... Iowa: State blue-collar and technical employees.................................... Maine: State general unit ....................................................................... Maryland: Baltimore County Board of Education, professionals.......... Baltimore County Board of Education, clerical and aides .. Montgomery County Board of Education, teachers ............ Montogomery County Board of Education, support staff . . . Massachusetts: Boston clerical ............................................................... Michigan: Detroit Board of Education, teachers.................................... Minnesota: State multidepartment ......................................................... State general professional unit ............................................ General government ...................... Missouri: St. Louis teachers................................................................... Nevada: Clark County Board of Education, classified .......................... Clark County Board of Education, teachers ............................ New Hampshire: State general unit ....................................................... Education........................................ General government ...................... New York: Buffalo Board of Education, teachers ................................ New York City accountants and data processing employees Education........................................ New York City blue-collar employees ................................ New York City clerical employees...................................... New York City engineers and scientists.............................. New York City institutional services employees ................ Education........................................ New York City Sanitation Department................................ New York City Board of Education, school aides ............ Fire protection ................................ Health services .............................. New York City New York City ministrators New York City New York City New York City Board of Education, teachers .................... Fire Department ........................................ health services employees.......................... New New New New Health and Hospital Corp., custodians . . . Health and Hospital Corp., nurses............ Health and Hospital Corp., special officers hospital technicians.................................... York City York City York City York City Board of Education, paraprofessionals . . . Board of Education, supervisors and ad- New York City social services ............................................ Law enforcement............................ General government ...................... New York City special protective officers.......................... New York City Police Department..................................... New York City Department of Correction, correction officers Oregon: State employees general unit .................................................... Wisconsin: State blue-collar employees................................................. State technical employees .................................................... •Affiliated with AFL-CIO except where noted as independent (Ind.). Digitized for40 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis L a b o r o r g a n iz a tio n 1 Correctional Peace Officers Associa tion Highway Patrolmen Association (Ind.) Various unions.................................. Education Association (Ind.) .......... Education Association (Ind.) .......... Nurses Association (Ind.) ................ State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees Education Association (Ind.) .......... State, County and Municipal Employees State Employees Association (Ind.).. Education Association (Ind.) .......... Various Associations (Ind.) ............ Education Association (Ind.) .......... Council of Supporting Services Employees (Ind.) Service Employees .......................... Teachers........................................... State, County and Municipal Employees Association of Professional Employees (Ind.) Teachers........................................... Classified School Employees (Ind.) . Education Association (Ind.) .......... State, County and Municipal Em ployees Education Association (Ind.) .......... State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees State, County and Municipal Employees Teamsters (Ind.) .............................. State, County and Municipal Employees Teachers........................................... American Federation of School Administrators Teachers........................................... Fire Fighters .................................... State, County and Municipal Employees Service Employees .......................... Nurses Association (Ind.) ................ Teamsters (Ind.) .............................. State, County and Municipal Employees and Service Employees State, County and Municipal Employees Teamsters (Ind.) .............................. Patrolmen’s Association (In d .)........ Correction Officers Benevolent Association (Ind.) State Employees Association .......... State, County and Municipal Employees State, County and Municipal Employees N u m b er o f w ork ers 9,800 4,700 3,500 5,000 6,000 3,450 12,000 15,000 14,000 4,950 8,000 10,000 9,100 14,000 10,000 5,800 3,000 5,800 5,500 4,000 11,500 17,300 5,250 3,900 3,250 4,950 9,000 3,400 3,000 5,400 36,400 3,250 11,200 7,200 8,300 10,000 3,600 59,500 10,000 3,100 4,000 6,900 3,100 3,150 12,500 3,100 17,800 4,250 15,500 5,000 4,800 Developments in Industrial Relations Supreme Court upholds promotion quotas The Supreme Court held that judges may order strict promotion quotas to eliminate “long-term, open, and perva sive discrimination.” As a result of the ruling, the Alabama Department of Public Safety will be required to promote one black State trooper for each white trooper it promotes until blacks account for 25 percent of each rank. The case, United States v. Philip Paradise, Jr., arose in 1972 when the naacp charged that the State of Alabama discriminated against blacks in recruiting, hiring, and pro moting police officers. Philip Paradise, a private citizen, and the U.S. Department of Justice later joined in the suit. The district court ruled against the State and ordered it to hire one black trooper for each white trooper hired until blacks made up 25 percent of the force. In later years, the district court ruled that the State was attempting to thwart the 1972 order and ordered corrective action. In 1983, the court issued the promotion order that resulted in the Supreme Court’s 1987 decision. Justices Marshall, Powell, and Blackmun joined in an opinion written by Justice Bren nan which rejected the Department of Justice’s argument that the promotion plan was invalid because it discriminated against whites. “The pervasive, systematic, and obstinate discriminatory conduct” of the State police, Justice Brennan wrote, “created a profound need” for affirmative action. He said the promotion plan was intended to be temporary, called only for promotion of qualified troopers, and applied only when the State decided that promotions were necessary. Joining the assent was Justice Stevens, who wrote a sep arate opinion stating that the district court’s promotion order was warranted by the “flagrantly” discriminatory actions of the State police. In a dissent, Justice O’Connor, joined by Chief Justice Rehnquist and Justice Scalia, wrote, “The one-for-one pro motion quota used in this case far exceeded the percentages of blacks on the trooper force, and there is no clear evidence in the record that such an extreme quota was necessary to eradicate the effects of the department’s delays.” She said that protection of the rights of white employees “demands “Developments in Industrial Relations” is prepared by George Ruben of the Division of Developments in Labor-Management Relations, Bureau of Labor Statistics, and is largely based on information from secondary sources. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis that a racial goal not substantially exceed the percentage of minority group members in the relevant population or work force absent compelling justification.” Justice White also dissented. Gender-based hiring and promotions approved The Supreme Court approved the adoption of voluntary plans for correcting gender-based imbalances in hiring and promotion of government employees. The ruling in Johnson v. Transportation Agency, Santa Clara County, California, affirmed and expanded the Court’s 1979 finding in Weber v. Steelworkers, in which the Court had ruled that private employers can voluntarily adopt plans to correct racial im balances in a work unit even though there has been no legal finding of discriminatory employment practices. (See Monthly Labor Review, August 1979, p. 62.) The Court’s March 25, 1987, ruling in the Johnson case concluded litigation that began in 1979, when the director of the transportation agency selected Diane Joyce for a road dispatcher job, even though Paul Johnson, one of seven eligible candidates for the skilled craft job, had received a higher score from an interview panel. Testifying in Federal District Court after Johnson challenged the action, the direc tor said that he considered test scores, expertise, and back ground, as well as the provisions of the agency’s affirmative action plan before selecting Joyce for the job. The plan was adopted a year earlier, after the agency studied the distribu tion of men and women in its operations. One of the findings was that women had never held any of the 238 skilled craft jobs in the agency. The District Court rejected the agency director’s selection procedure, upholding Johnson’s contention that sex was the determining factor in the decision, in violation of Title VII of the Civil Rights Act of 1964, and that the affirmative action plan was invalid because it did not conform to a criterion in the Weber case that such plans be temporary. The District Court’s decision was reversed by the Court of Appeals for the Ninth Circuit, leading to the appeal to the Supreme Court. In a friend-of-the-court brief, the U.S. De partment of Justice supported Johnson’s argument that the plan was discriminatory. Labor and management officials generally agreed that the Court’s decision, written by Justice Brennan, would lead to 41 MONTHLY LABOR REVIEW May 1987 • Developments in Industrial Relations an increase in the number of equal employment opportunity plans voluntarily initiated by government units. Justice Brennan wrote: “In determining whether an imbalance ex ists that would justify taking sex or race into account, a comparison of the percentage of minorities or women in the employer’s work force with the percentage in the area labor market or general population is appropriate.” Noting that the agency stated that its plan was intended to achieve “a statis tically measurable yearly improvement in hiring, training, and promotion of minorities and women throughout the agency in all major job classifications where they are repre sented,” Justice Brennan stated, “The agency’s plan thus set aside no specific number of positions for minorities or women, but authorized the consideration of ethnicity or sex as a factor when evaluating qualified candidates for jobs in which members of such groups were poorly represented.” Justice Brennan concluded that the plan did not commit the agency to quotas or to hiring or promoting people who were not qualified, but rather “represents a moderate, flex ible, case-by-case approach to effecting a gradual improve ment in the representation of minorities and women in the agency’s work force. Such a plan is fully consistent with Title VII, for it embodies the contribution that voluntary employer action can make in eliminating the vestiges of discrimination in the workplace.” Justice Scalia, joined by Chief Justice Rehnquist, dis sented. Noting that Title VII provides that no employer can discriminate based on race, color, religion, sex, or national origin or “limit, segregate, or classify” its workers so as to deprive “an individual of employment opportunities,” Jus tice Scalia wrote, “we effectively replace the goal of a discrimination-free society with the quite incompatible goal of proportionate representation. . .after today’s decision, the failure to engage in reverse discrimination is economic folly and arguably a breach of duty to shareholders or taxpayers, wherever the cost of anticipated Title VII litigation exceeds the costs of hiring less capable. . .workers.” Justice White also dissented. Justice Brennan said, “Congress acknowledged that soci ety’s accumulated myths and fears about disability and dis ease are as handicapping as are the physical limitations that flow from actual impairments. Few aspects of a handicap give rise to the same level of public fear and misapprehen sion as contagiousness.” He also said even if there is a finding that a person is handicapped and is covered by the Act, the person must still be “otherwise qualified” for a job or program. Under this requirement of the Act, an employer could, for example, refuse to place a teacher “with active, contagious tuberculosis in a classroom with elementary school children.” (This means that a decision on Gene Arline will be made by a district court after a hearing to determine if she posed a threat to her students.) The Court specifically left open the question of whether the Act covers people who are carriers of a disease, such as a id s , without any symptoms or effects. Chief Justice William Rehnquist, joined by Justice Scalia, dissented, saying that the majority was operating “on its own sense of fairness” rather than on the text of the law. Employers must honor prehire agreements The National Labor Relations Board ( nlrb ) held that con struction employers can no longer unilaterally repudiate pre hire agreements with unions. Such agreements, which gen erally specify that a contractor will hire only union members for a project, were authorized by the Congress in 1959 because firms in the industry generally hire on a project-byproject basis, rather than maintaining more or less perma nent work forces. From 1971 until the present ruling, the nlrb had held that such agreements were subject to repudi ation by employers at any time. In its new ruling, the nlrb said it has now decided that continuing to sanction contract repudiation “and the in evitable disruptions that result is not conducive to labor relations stability.” Repudiations can now take place only after a contract expires or when employees covered by a contract vote to oust the union representing them. ‘Contagiousness’ is a handicap, says High Court The Supreme Court ruled that workers with contagious diseases are covered by provisions of the Rehabilitation Act of 1973. The case, involving Gene Arline, a tubercular third-grade school teacher in Florida, was widely viewed as setting a precedent for people suffering from aids [acquired immune deficiency syndrome]. The Department of Justice had argued that contagiousness is not a handicap under the 1973 Act and that employers were free to dismiss people having contagious diseases. This argument was rejected by Justice Brennan in the major ity opinion. He noted that in 1974, the Congress had specif ically amended the Act to ensure that it covered both the physically impaired and those considered by others to be impaired. 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Compensation increases for aircraft workers Employees of United Aircraft Corp.’s Sikorsky Aircraft Division in Stratford and other Connecticut locations were covered by a 3-year agreement negotiated by the Teamsters union. Wages were increased by 2.5, 2, and 1.5 percent in the respective contract years, and the 6,500 workers will receive a lump-sum payment at the end of each year equal to 2.5 percent of their earnings in that year. The contract, which runs to February 12, 1990, also pro vides for a $500,000 increase, to $750,000, in the lifetime limit on medical benefits; a $1 increase in the monthly pension rate for each year of credited service; and vesting after 5 years’ service, instead of 10. The plants manufacture helicopters. Contractors, ib e w cooperate to regain work The National Electrical Contractors Association and the International Brotherhood of Electrical Workers ( ibew ) ne gotiated a national agreement aimed at increasing the amount of electrical transmission construction and associ ated substation and equipment work performed by compa nies employing ibew members, ibew President John J. Barry said the increased cooperation was necessary to recapture work lost to nonunion contractors in recent years. The new Outside Utility Construction National Project Agreement, which supersedes all local agreements for this type of work, is available to contractors on a project-byproject basis. According to the parties, the accord gives employers “significant flexibility” in assigning employees, scheduling work, and staffing. The ibew members are ex pected to benefit from undisclosed provisions on “subcon tracting and preservation of work.” Grievances and disputes on projects will be settled, without work stoppages, by the electrical construction industry’s joint Council of Industrial Relations. ibew officials stressed that the accord will not be available to so-called “double-breasted” companies that employ both union and nonunion workers. The agreement was effective January 1, 1987, and continues until terminated by either party. and other employees that had resulted from a two-tier pay system negotiated in 1983. Originally, the gap was about 50 percent, but it was narrowed under a 1985 settlement that gave new employees larger pay increases than those in the upper tier. Under the 1987 agreement, pay for employees hired after November 1983 was immediately increased by 11 to 28 percent, varying by job classification, type of aircraft flown, and years of service, compared with a 2-percent increase for upper tier employees. In the second and third years, all 6,100 employees will receive 2-percent increases. The contract, which was retroactive to January 1, 1987, also provided for an increase in major medical coverage if the medical component of the Consumer Price Index rises 25 percent above its July 1983 level; and for a cut in the min imum work day to 3 hours, from 4.5 hours. ‘Work teams’ established at auto parts plant The National Association of Plumbing-Heating-Cooling Contractors has introduced a home study course in plumbing as an alternative to its plumbing apprenticeship program. The new 4-year course is designed for workers in rural areas In Buffalo, n y , Trico Products Corp. and Local 2100 of the Auto Workers negotiated a contract that established a labor-management committee to oversee a new “work teams” approach intended to improve production efficiency. According to a Local 2100 official, implicit in the accord is a company commitment not to carry out a planned move of some operations to Texas and Mexico. Trico will, however, consolidate its three Buffalo plants into one, lay off 800 unskilled employees, and eliminate 300 jobs through attri tion or retirement. Currently, there are 2,600 employees in the plants, which produce windshield wipers. Under the new team production approach, employees will receive a “pay for knowledge” wage increase of 50 cents an w here classroom training is not available. The instructional hour to com pensate them for learning and perform ing a material is the same as for apprentices and participants are also required to undergo the same on-the-job training as apprentices. Students must complete each of the nine course units within 45 days and they must score at least 70 in a test on each unit and in a final examination. They will also be required to submit drawings that will enable the Association to evaluate their comprehension. The course is primarily intended for open-shop compa nies, given that most labor agreements between contractors and unions provide for apprenticeship training. The cost of the new course is $500 a year for trainees employed by companies which are members of the Association, and $700 for other companies, payable by the trainee or the employer. Half of the Association’s 6,200 member companies are union shops. number of duties. The teams will consist of four or five employees. Skilled workers, who will not be formed into teams, received a $1.75 an hour wage increase over the 3-year period. Previously, they averaged about $11.50 an hour. In another change, all terminated employees are now eligible for severance benefits of 1 week’s pay for each year of service. The agreement, negotiated under a reopening provision, extended the expiration date of the existing 3-year contract to June 30, 1990, from June 30, 1988. Home study— alternative to apprentice training Allied Pilots-American Airlines contract American Airlines and the Allied Pilots Association ended a year of negotiations by settling on a 3-year contract that further narrowed the pay gap between new employees https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Rubber workers accept pay cut Closing of a Firestone Tire & Rubber Co. plant in Okla homa City, o k , was averted when a majority of United Rubber Workers’ local unions covered by the national mas ter agreement with the company approved compensation cuts and work rule changes at the plant. Among the changes for the 1,700 Oklahoma employees is an immediate 60-cent pay cut and an additional 60-cent cut in September 1987. In an earlier vote, the plant-saving proposal had failed to 43 MONTHLY LABOR REVIEW May 1987 • Developments in Industrial Relations win approval by the locals but this was later reversed when one of the locals, in Decatur, il , voted again and approved the proposal 695 to 183. Firestone had repeatedly warned that it would close the Oklahoma City plant unless the $8 million package was approved. Steelworkers organize minimill in Louisiana United Steelworkers efforts to organize minimills ad vanced when Bayou Steel of Laplace, l a , agreed to an initial contract. The minimills, which generally produce a limited line of products and serve a limited geographic area, are of concern to the union because their operation and distribution costs are usually lower than those of the major broadline producers where the union holds bargaining rights. The Steelworkers had lost a December 1984 representa tion election at Bayou Steel and were in the process of appealing the election results to the National Labor Rela tions Board when a new owner, rsr Steel (which owns other mills where the Steelworkers represent employees), agreed to recognize the union as bargaining agent at Bayou Steel if the employees ratified an initial contract. The 6-year contract was ratified by a vote of 318 to 117. Provisions included specified wage increases totaling 69 cents an hour over the term, possible automatic cost-ofliving pay adjustments in the last 3 years, adoption of a pension plan providing for a $12 a month benefit rate for each year of service, limits on contracting out work, 10 paid holidays, and a reduced deductible under the health insurance plan. Screen Extras Guild settles with producers The first strike in the 41-year history of the Screen Extras Guild ended when it settled with the Alliance of Motion Picture and Television Producers. The week-long stoppage by the 6,700-member union began about 5 weeks after the Alliance had imposed a pay cut following employee rejec tion of an offer. The Alliance said that the cut to $68 for an 8-hour day and $54 for a 6-hour day was necessary to enable member companies to compete with nonunion producers. Prior to the cut, extras— who fill out crowd scenes in movies and television shows— had earned $91 a day. The accord provided that the 2,100 members who belong exclusively to the Screen Extras Guild will be paid at the $91 a day rate. Those who are also members of other unions— a common practice in the entertainment industry— will be paid $5 an hour with a guarantee of 6 hours per day. They will also be able to move up to the $91 “senior” rate over time. Senior employees will be covered by pension and health benefits, while juniors will be covered only by health benefits. 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Musicians settle, avert strike A threatened strike was averted when major recording companies and the American Federation of Musicians set tled on a national contract that increased pay for recording sessions, but reduced employer payments into special funds. About 5,200 musicians were covered by the 3-year contract. The three annual pay increases will bring the rate to $220, from $196, for a 3-hour recording session and to $312 from $277, for a 4-hour symphonic session. Pay for these musi cians will increase 4 percent in each year and employer payments to a health and welfare fund will rise by 50 cents an hour in each year. Employer payments into the Music Performance Trust Fund were reduced to a range of 0.45 to 0.54 percent of retail record prices, from a range of 0.55 to 0.6 percent. Also, payments will not be made for the first 25,000 sales of any recording. The fund was established in 1940 to aid musicians who lose work performing live music because of recordings. In 1986, the companies paid about $9 million into the fund, which paid out about $40 to $50 to musicians for each admission-free performance. Employer payments into the Special Payments Fund also were reduced by 10 percent. This fund provides annual royalty payments to musicians based on percentages of sug gested retail prices, after certain deductions. Shipbuilding accord calls for two-tier wages In Pascagoula, m s , 6,000 employees of Ingalls Shipbuild ing Co. were covered by 3-year contracts freezing the top rate at $11.28 an hour for the various crafts. However, all employees received an immediate $1,000 lump-sum “productivity incentive payment,” to be followed by $250 to $500 payments in the second and third contract years. Beginning February 1, 1988, new workers will start at $3 an hour below the rates of current workers. Experienced workers hired by Ingalls will have the full $3 restored, receiving pay increases of $1.25 an hour after 2,000 hours worked, 75 cents after 4,000 hours, and $1 after 6,000 hours. All other new employees will have $2.50 of the $3 restored: $1 an hour after 2,000 hours worked, 75 cents after 4,000 hours, and 75 cents after 6,000 hours. Other provisions included a $5 increase in the $130 a week sickness and accident benefit in each year; a $50,000 increase in the $250,000 major medical benefit; and in creased pensions. Employees of the shipyard are represented by a Metal Trades Council comprising eight unions and by the Electri cal Workers ( ibew ), the Machinists, and the Office and Professional Employees. Book Reviews Diagnoses and prescriptions Is Prevention Better than Cure? By Louise B. Russell. Washington, The Brookings Institution, 1986. 134 pp. $26.95, cloth; $9.95, paper. Recent years have seen increased efforts to slow the growth in the Nation’s expenditures on health care— growth that has doubled the share of the gross national product spent on health care from 5.3 percent in 1960 to 10.7 percent in 1985. One major approach has been to make consumers of health care more cost-conscious, by having them (rather than insurance companies, for example) pay a larger share of the cost of medical care. In this trim, compact volume, Louise B. Russell focuses on another approach that has received wide endorsement as a means of slowing the growth of the Nation’s medical-care bill: prevention. The bulk of the book consists of a review, evaluation, and synthesis of the evidence of the cost-effectiveness of several preventive measures— the smallpox and measles vaccines, screening and drug therapy for high blood pressure, and exercise. Russell shows that, for a variety of reasons, the common impression that prevention of an acute condition is cheaper than the cure of the condition is not necessarily correct. First of all, the size of the population at whom prevention is directed may be very large compared to the incidence of the illness in the absence of prevention. Such a situation developed in the United States, for example, with respect to smallpox vaccination, and, for that reason, this country officially ended its policy of routinely vaccinating children against smallpox. In addition, one must consider how often the preventive measure must be conducted. Repetition of the procedure is necessary, for example, in a program of screening for high blood pressure as a way of reducing incidence of heart disease and stroke. Russell points out that not only does one’s blood pressure fluctuate during the day, but—because of the anxiety involved— one’s pressure is usually higher on an initial reading than on later readings. As a result, “a third to a half of the people with high pressures at the first exam are likely to have pressures in the normal range at the second or third exam” (p. 66). The author explains that for several additional reasons— including the side-effects of bloodpressure medicine— claims for the cost-effectiveness of pre venting heart disease through screening and drug therapy https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis should be taken with a grain of salt. Perhaps the most interesting part of the book is the chap ter on exercise as a preventive measure. Russell writes that there has been no systematic evaluation of the costeffectiveness of exercise as a means of improving health, but she assesses the available evidence on the subject and proposes a framework for conducting a more definitive anal ysis. The author shows that the full costs of an exercise program are far higher than are initially apparent, because they include the costs of equipment and of a medical exam before one begins to exercise, the value of the participants’ time, and the injuries that result from exercise. This discus sion and the implication that exercise may not be costeffective are extremely important because they provide the sedentary among us with an economic justification for our inactivity. Russell concludes that “even after allowing for savings in treatment, prevention usually adds to medical expenditures, contrary to the popular view that it reduces them” (p. 110). She acknowledges, however, that good health has intrinsic value and is worth paying for. In a concluding chapter, Russell suggests a standardized framework for future studies of the cost-effectiveness of preventive measures as investments in health. She proposes, for example, that such studies should adopt the perspective of society as a whole; that is, they should consider all the costs and effects of a preventive program, regardless of who experiences them. Russell urges, too, that all such studies use the same discount rate. The choice of the discount rate can obviously have a great effect on the results of the stud ies, because the benefits of a preventive program do not materialize until long after the costs are incurred. Also, Russell suggests that the additional medical expenses that arise because a person lives longer should not be counted in cost-effectiveness studies, just as the corresponding addi tional expenditures on food and clothing are not counted. I believe that this book is a valuable addition to the liter ature in its field. Read it yourself, though, and get a second opinion. — E dw ard S teinberg Economist AT&T 45 MONTHLY LABOR REVIEW May 1987 • Book Reviews Health care systems in transition The Painful Prescription: Rationing Hospital Care. By Henry J. Aaron and William B. Schwarz. Washington, The Brookings Institution, 1984. 161 pp. $22.95, cloth; $8.95, paper. This is a comparative study of the American and British health care systems that combines both the skills of an economist from the Brookings staff, Henry J. Aaron, and of a physician, William B. Schwarz, of the Tufts Medical School faculty. As a result, interested readers— even if they have special knowledge in one of these fields— are likely to gain some new understanding in the other. Moreover, because of the successful blending and interlacing of the two kinds of in formation and concerns in identifying and analyzing the problem areas, and the generally nontechnical presenta tion, readers will find the book stimulating and rewarding regardless of their professional background or lack of spe cialized knowledge. Health care, for some years, has been a timely and urgent subject and is certain to remain so for years to come because of the continuing progress of medical science and technol ogy and the ensuing trend toward their utilization both in more sophisticated diagnostic and treatment methods, at ever increasing costs. Sooner or later, this trend was bound to raise questions as to whether the successes achieved in (1) early recognition and correct assessment of patients’ morbid conditions, and (2) healing them or, at least, alleviating the ill effects and suffering they cause were sufficient to warrant the ever greater share of money from all sources, especially public expenditures allocated to financing medical, hospital, and related services, both in absolute amounts and in the per centage of a nation’s total expenditures for all purposes combined. What are the appropriate criteria for answering this question? How can one identify and define the limits beyond which greater expenditures no longer seem to pro duce beneficial results of like value? This is what the book is all about, with special emphasis on hospital care, notably for serious, often life-threatening diseases, in contrast to emergencies requiring hospitalization for the care of physi cal conditions that are not normally serious or of extended duration, or in the case of an accident victim. After an exposition of the methodological problems of comparing health care and costs in Britain and the United States and stating initial hypotheses as to British attempts at cost containment (ch. 1), there follows a fairly comprehen sive summary of the structure and working of the British National Health Service and the supplementary role of the private sector (ch. 2). More specific descriptions, highlight ing the differences between British and U.S. uses of new technological aids, follow in the next three chapters. For example, life and death syndromes involving kidney dialy 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sis and transplantation, and radiotherapy as well as chemo therapy to treat cancer are discussed in chapter 3; hip re placement and heart-bypass surgery in chapter 4; and diagnostic fine tuning through the use of ct scanners and the extensive diagnostic use of x rays in chapter 5. The last three chapters focus on rationing techniques and appraisals of efficiency in both the British and American settings. What are the findings of this comparative study? Starting from what the authors deem to be the norm for hospital care in the United States— and with important exceptions— namely, the near-maxim “if it will help, do it,” they view health care in this country “usually close to what would be provided if costs were no object and benefits to patients were the sole concern. Add to this tradition the “deliberate goal of public policy in recent decades,” namely to insulate the patient from the cost of care (with private insurance, government programs, or payments from someone other than the patient) and the cost increases brought about are bound to suggest that some limits be placed on the excessive growth of these expendi tures. Hence, the authors do expect (more) Federal and State efforts to keep costs down. With this prospect in view, British experience is likely to prove instructive, for “Britain has drastically curtailed the real growth of medical expendi tures for an extended period. As a result, per capita hospital expenditures are now less than half as large as those in the United States.” The core of the book lies in the authors’ observations and interpretations of their field studies of the British National Health Service ( nh s ) and the ways in which its institutions and procedures, its medical and ancillary personnel and, not least, its patients, have managed to realize and to accept such cost containment. These passages are, for the most part, insightful and sometimes fascinating— most of all in raising various aspects of the hard-to-achieve compatibility of clinical freedom with budget constraints, or in assessing the role that traditional national mindsets play in providing different answers to this dilemma. The authors leave it to the readers to judge whether their own conclusions and interpretations seem plausible in light of the evidence. In this reviewer’s opinion, most of them do, especially the concluding generalizations that “the choices we face [in the United States] are clear and painful,” and that “rationing will inevitably be a painful prescription.” On the other hand, which of the authors’ findings “persuaded” them “that the United States is not interested in creating a national health service on the British model”— unless, sur prisingly, state planning is viewed by many Americans in the way the authors claim it was in Great Britain at the time of the n h s ’s conception, namely that . .the war was widely regarded as a triumph for state planning. . .” — G eorge F. R ohrlich Professor emeritus of Economics and Social Policy Temple University Publications received Economic and social statistics Abowd, John M., Collective Bargaining and the Division of the Value of the Enterprise. Cambridge, MA, National Bureau of Economic Research, Inc., 1987, 57 pp. (nber Working Paper Series, 2137.) $2, paper. Cohn, Elchanan and B. F. Kiker, “Socioeconomic Background, Schooling, Experience and Monetary Rewards in the United States,” Economica, November 1986, pp. 497-503. Grubel, Herbert G. and Lawrence A. Boland, “On the Efficient Use of Mathematics in Economics: Some Theory, Facts and Results of an Opinion Survey,” Kyklos, Vol. 39, 1986, Fact 3, pp. 419-42. Economic Council of Canada, Minding the Public’s Business. Ottawa, Economic Council of Canada, 1986, 180 pp. $10.95, Canada; $13.15, other countries. Available from Canadian Gov ernment Publishing Center, Supply and Services Canada, Ottawa. Levinson, Marc, “Trying to Survive in a Changing World,” Busi ness Month, March 1987, pp. 46-48. International economics Bosworth, Barry P. and Alice M. Rivlin, eds., The Swedish Econ omy. Washington, The Brookings Institution, 1987, 338 pp. $32.95, cloth; $12.95, paper. “Country Problems and Strategies: United States; Japan; Bel gium,” The OECD Observer, January 1987, pp. 28-32. Hamermesh, Daniel S ., Why Do Fixed-Effects Models Perform so Poorly? The Case of Academic Salaries. Cambridge, MA, Na tional Bureau of Economic Research, Inc., 1987, 12 pp. (nber Working Paper Series, 2135.) $2, paper. “International Debt and Economic Instability,” by Rudiger Dorn busch; “Commentary on ‘International Debt and Economic Sta bility,”’ by Rimmer de Vries, Economic Review, Federal Re serve Bank of Kansas City, January 1987, pp. 15-40. Nolan, Brian, “Unemployment and the Size Distribution of In come,” Economica, November 1986, pp. 421—45. Manrique, Gabriel G., “Foreign Export Orientation and Regional Growth in the U .S.,” Growth and Change, Winter 1987, pp. Quandt, Richard E. and Harvey S. Rosen, Unemployment, Dis equilibrium and the Short Run Phillips Curve: An Econometric Approach. Reprinted from the Journal of Applied Econometrics, Vol. 1, 1986, pp. 235-53. Cambridge, ma , National Bureau of Economic Research, Inc., 1986 (nber Reprint 805.) $2, paper. 1- 12. Walsh, Kenneth and Adrian King, Handbook of International Manpower Market Comparisons. New York, New York Univer sity Press, 1986, 318 pp. Economic growth and development Labor and economic history Economic Report of the President Transmitted to the Congress January 1987, Together with the Annual Report of the Council of Economic Advisers. Washington, 1987, 368 pp. Fischer, Stanley, ed., n b e r Macroeconomics Annual 1986. Cam Dubofsky, Melvyn and Warren Van Tine, eds., Labor Leaders in America. Urbana, University of Illinois Press, 1987, 396 pp. $34.95, cloth; $14.95, paper, University of Illinois Press, Champaign, IL 61820. bridge, MA, The MIT Press, 1986, 409 pp. Pearce, David W ., ed., The m i t Dictionary of Modern Economics. 3d ed. Cambridge, MA, The MIT Press, 1986, 462 pp. $35. Industrial relations Colosi, Marco L., “The nlrb and the Health-Care Industry,” Com pensation and Benefits Review, November-December 1986, pp. 25-32. Gershenfeld, Walter J., ed., Arbitration 1986: Current and Ex panding Roles. (Proceedings of the 39th Annual Meeting of the National Academy of Arbitrators, Philadelphia, PA, June 2-6, 1986.) Washington, The Bureau of National Affairs, Inc., 1987, 235 pp. $33, plus State sales tax and $2.50 shipping charger. Available from bna Book Distribution Center, 300 Raritan Cen ter Parkway, C.N. 94, Edison, NJ 08818. Kumar, Pradeep, with Mary Lou Coates and David Arrowsmith, The Current Industrial Relations Scene in Canada, 1986. Kingston, Ontario, Queen’s University, Industrial Relations Center, 1986, 558 pp. $100. Taylor, Benjamin J. and Fred Witney, Labor Relations Law. 5th ed. Englewood Cliffs, NJ, Prentice-Hall, Inc., 1987, 862 pp. Industry and government organization Alden, Vernon R., “Who Says You Can’t Crack Japanese Mar kets?” Harvard Business Review, January-February 1987, pp. 52-56. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Gutman, Herbert G. and Donald H. Bell, eds., The New England Working Class and the New Labor History. Champaign, Univer sity of Illinois Press, 1987, 296 pp. $37.50, cloth; $12.95, paper. Kaplan, William, Everything That Floats: Pat Sullivan, Hal Banks, and the Seaman’s Unions of Canada. Buffalo, NY, Uni versity of Toronto Press, 1987, 241 pp. $30, cloth; $14.95, paper. Myers, R. David, Samuel Gompers: A Selected List of References about the Man and His Times. Washington, Library of Con gress, 1986, 55 pp. $2, Superintendent of Documents, Wash ington 20402. Labor force Forbes, Daniel, “A Consensus on Helping Idled Workers,” Busi ness Month, March 1987, pp. 54-56. Haulman, Clyde A., Frederick A. Raffa, and Brian Rungeling, “Assessing the Labor Market Intermediary Role of the Job Serv ice,” Growth and Change, Winter 1987, pp. 66-71. “Job Creation in a Changing Economy,” The OECD Observer, January 1987, pp. 8-11. Rosen, Howard, ed., Job Generation: U.S. and European Per spectives. (Conference Proceedings of the National Council on Employment Policy, Apr. 17, 1986) Salt Lake City, UT, Olym pus Publishing Co., 1986, 138 pp. $9.95, paper. Rothman, Robert A., Working: Sociological Perspectives. Engle- 47 MONTHLY LABOR REVIEW May 1987 • Book Reviews wood Cliffs, NJ, Prentice-Hall, Inc., 1987, 376 pp., bibliogra phy. “Thirty-one Million Reasons to Fight Unemployment,” The OECD Observer, January 1987, pp. 12-15. Walsh, J. Michael and Stephen C. Yohay, Drug and Alcohol Abuse in the Workplace: A Guide to the Issues. Washington, National Foundation for the Study of Equal Employment Policy, 1987, 149 pp., bibliography. Wages and compensation Beggs, Steven D., “The ‘Lead-Lag’ Problem: Adjustments Needed for Salary Comparisons,” Compensation and Benefits Review, November-December 1986, pp. 44-54. Ehrenberg, Ronald G. and George T. Milkovich, Compensation and Firm Performance. Cambridge, MA, National Bureau of Economic Research, Inc., 1987, 62 pp. (nber Working Paper Series, 2145.) $2, paper. Monetary and fiscal policy Hathaway, James W ., “How Do Merit Bonuses Fare?” Compensa tion and Benefits Review, September-October 1986, pp. 50-55. Anthony, Robert N., “We Don’t Have the Accounting Concepts We Need,” Harvard Business Review, January-February 1987, pp. 75-83. Henderson, Richard I, “Contract Concessions: Is the Past Pro logue?” Compensation and Benefits Review, SeptemberOctober 1986, pp. 17-30. Bryan, Lowell L., “The Credit Bomb in Our Financial System,” Harvard Business Review, January-February 1987, pp. 45-51. Kanter, Rosabeth Moss, “The Attack on Pay,” Harvard Business Review, May-June 1987, pp. 60-67. Drabenstott, Mark, Mark Henry, and Lynn Gibson, “The Rural Economic Policy Choice,” Economic Review, Federal Reserve Bank of Kansas City, January 1987, pp. 41-58. Schechter, Jack H., “The Tax Reform Act of 1986: Its Impact on Compensation Benefits,” Compensation and Benefits Review, November-December 1986, pp. 11-24. Economic Council of Canada, Competition and Solvency: A Frameworkfor Financial Regulation, Ottawa, Economic Coun cil of Canada, 1986, 46 pp. $4.95, Canada; $5.95, other coun tries. Available from Canadian Government Publishing Center, Supply and Services Canada, Ottawa. Higgins, Bryon and Thomas J. Merfeld, “Debt, Financial Stabil ity, and Public Policy,” Economic Review, Federal Reserve Bank of Kansas City, January 1987, pp. 3-13. Kelly, William A., Jr., James M. Ferris, James A. Miles, “The Expenditure Tax and Savings Incentives: Design Matters,” Growth and Change, Winter 1987, pp. 32-43. 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Welfare programs and social insurance Ferrara, Peter, Social Security Rates of Return for Today’s Young Workers. Washington, National Chamber Foundation, 1986, 41 pp. $10, paper. Pozzebon, Silvana and Olivia S, Mitchell, Married Women’s Re tirement Behavior, Cambridge, MA, National Bureau of Eco nomic Research, Inc., 1986, 23 pp. (nber Working Paper Series, 2104.) $2, paper. Verbon, Harrie A. A., “Altruism, Political Power and Public Pen sions,” Kyklos, Vol. 39, 1986, Fasc. 3, pp. 343-58. Current Labor Statistics Schedule of release dates for major bls statistical series .................................................................... Notes on Current Labor Statistics ............................................................................................................. 50 51 Comparative indicators 1. Labor market indicators.................................. 2. Annual and quarterly percent changes in compensation, prices, andproductivity ..................................................................................... 3. Alternative measures of wage and compensation changes ............................................................................................................................ 60 61 61 Labor force data 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. Employment status of the total population, data seasonally adjusted........................................................................................................... Employment status of the civilian population, data seasonally adjusted .................................................................................................... Selected employment indicators, data seasonally adjusted ................................................................................................................... Selected unemployment indicators, data seasonally adjusted ........................................................................................................................ Unemployment rates by sex and age, data seasonally adjusted ................................................................................................................... Unemployed persons by reason for unemployment, data seasonallyadjusted............................................................................................. Duration of unemployment, data seasonally adjusted .................................................................................................................................... Unemployment rates of civilian workers, by State ......................................................................................................................................... Employment of workers by State ..................................................................................................................................................... Employment of workers by industry, data seasonally adjusted..................................................................................................................... Average weekly hours by industry, data seasonally adjusted ....................................................................................................................... Average hourly earnings by industry ................................................................................................................................................................ Average weekly earnings by industry............................................... ................................................................................................................ Hourly Earnings Index by industry.................................................................................................................................................................... Indexes of diffusion: proportion of industries in which employment increased, seasonally adjusted ................................................... Annual data: Employment status of the noninstitutional population .................................................................................................... Annual data: Employment levels by industry ................................................................................................................................................. Annual data: Average hours and earnings levels by industry....................................................................................................................... 62 63 64 65 66 66 66 67 67 68 69 70 71 72 73 73 73 74 Labor compensation and collective bargaining data 22. 23. 24. 25. 26. 27. 28. 29. Employment Cost Index, compensation, by occupation and industry group .............................................................................................. Employment Cost Index, wages and salaries, by occupation and industry grou p ..................................................................................... Employment Cost Index, private nonfarm workers, by bargaining status, region, and area s i z e ............................................................ Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, situations covering 1,000 workers or more ..................................................................................................................................................... Average specified compensation and wage adjustments, bargaining situations covering1,000 workers or m ore.................................. Average effective wage adjustments, bargaining situations covering1,000 workers or more .................................................................. Specified compensation and wage adjustments, State and local government bargaining situations covering 1,000 workers or more ..................................................................................................................................................... Work stoppages involving 1,000 workers or more ......................................................................................................................................... 75 76 77 78 78 79 79 79 Price data 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. Consumer Price Index: U.S. City average, by expenditure category and commodity and service groups ........................................... Consumer Price Index: U.S. City average and local data, all items ............................................................................................................ Annual data: Consumer Price Index, all items and major groups ............................................................................................................... Producer Price Indexes by stage of processing ............................................................................................................................................... Producer Price Indexes, by durability of product ........................................................................................................................................... Annual data: Producer Price Indexes by stage of processing........................................................................................................................ U.S. export price indexes by Standard International Trade Classification................................................................................................... U.S. import price indexes by Standard International Trade Classification................................................................................................... U.S. export price indexes by end-use category ................................................................................................................................................ U.S. import price indexes by end-use category....................................................................... U.S. export price indexes by Standard Industrial Classification.................................................................................................................... U.S. import price indexes by Standard Industrial Classification .................................................................................................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 80 83 84 85 86 86 87 88 89 89 89 90 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics Contents— Continued Productivity data 42. Indexes of productivity, hourly compensation, and unit costs, data seasonally adjusted ......................................................................... 43. Annual indexes of multifactor productivity ..................................................................................................................................................... 44. Annual indexes of productivity, hourly compensation, unit costs, and prices............................................................................................ 90 91 91 International comparisons 45. Unemployment rates in nine countries, data seasonally adjusted ................................................................................................................. 46. Annual data: Employment status of civilian working-age population, ten countries ............................................................................... 47. Annual indexes of productivity and related measures, twelve countries .................................................................................................... 92 93 94 Injury and illness data 48. Annual data: Occupational injury and illness incidence rates........................................................................................................................ Schedule of release dates for S erie s bls 95 statistical series R elea se P eriod R e lea se Period R elease Period MLR ta b le da te c o vered d a te c o ve red d a te c o vered num ber May 4 1st quarter June 2 1st quarter Productivity and costs: 2; 42-44 2; 42-44 Employment situation .............................. May 8 April June 5 May July 2 June 1; 4-21 Producer Price Index................................ May 15 April June 12 May July 10 June 2; 33-35 Consumer Price Index.............................. May 22 April June 23 May July 22 June 2; 30-32 Real earnings.......................................... May 22 April June 23 May July 22 June 14-17 Major collective bargaining July 28 U.S. Import and Export Price Indexes...................................... 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3; 25-28 July 28 2nd quarter 1-3; 22-24 July 30 2nd quarter 36-41 NOTES ON CURRENT LABOR STATISTICS This section of the R e v ie w presents the principal statistical series collected and calculated by the Bureau of Labor Statistics: series on labor force, employment, unemployment, collective bargaining settlements, 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. Adjustments for price changes. Some data— such as the Hourly Earnings Index in table 17— 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 1967 = 100, the hourly rate expressed in 1967 dollars is $2 ($3/150 x 100 = $2). The $2 (or any other resulting values) are described as “real,” “constant,” or “1967” dollars. General notes Additional information 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 past experience. When new seasonal factors are computed each year, revisions may affect seasonally adjusted data for several preceding years. (Season ally adjusted data appear in tables 1-3, 4-10, 13, 14, 17, and 18.) Begin ning in January 1980, the bls introduced two major modifications in the seasonal adjustment methodology for labor force data. First, the data are seasonally adjusted with a procedure called x - n arima, which was devel oped at Statistics Canada as an extension of the standard x -n method previously used by bls. A detailed description of the procedure appears in T h e X - l l a r im a S e a s o n a l A d ju s tm e n t M e th o d by Estela Bee Dagum (Statis tics Canada, Catalogue No. 12-564E, February 1980). The second change is that seasonal factors are calculated for use during the first 6 months of the year, rather than for the entire year, and then are calculated at midyear for the July-December period. However, revisions of historical data con tinue to be made only at the end of each calendar year. Seasonally adjusted labor force data in tables 1 and 4-10 were revised in the February 1987 issue of the R e v ie w , to reflect experience through 1986. Annual revisions of the seasonally adjusted payroll data shown in tables 13, 14, and 18 were made in the July 1986 R e v ie w using the x -ii arima seasonal adjustment methodology. New seasonal factors for productivity data in table 42 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month to month and from quarter to quarter are published for numerous Consumer and Producer Price Index series. However, seasonally adjusted indexes are not published for the U.S. average All Items cpi. Only seasonally adjusted percent changes are available for this series. Data that supplement the tables in this section are published by the Bureau in a variety of sources. News releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule preceding these general notes. More information about labor force, employment, and unemployment data and the household and establishment surveys underlying the data are available in E m p lo y m e n t a n d E a r n in g s , a monthly publication of the Bureau. More data from the household survey are published in the two-volume data book— L a b o r F o r c e S ta tis tic s D e r iv e d F ro m th e C u r r e n t P o p u la tio n S u r v e y , Bulletin 2096. More data from the establishment survey appear in two data books— E m p lo y m e n t, H o u r s , a n d E a rn in g s , U n ite d S ta te s , and E m p lo y m e n t, H o u r s , a n d E a rn in g s , S ta te s a n d A r e a s , and the annual supple ments to these data books. More detailed information on employee com pensation and collective bargaining settlements is published in the monthly periodical, C u r r e n t W a g e D e v e lo p m e n ts . More detailed data on consumer and producer prices are published in the monthly periodicals, T h e c p i D e ta ile d R e p o r t, and P r o d u c e r P r ic e s a n d P r ic e I n d e x e s . Detailed data on all of the series in this section are provided in the H a n d b o o k o f L a b o r S ta tis tic s , which is published biennally by the Bureau, bls bulletins are issued covering productivity, injury and illness, and other data in this section. Finally, the M o n th ly L a b o r R e v ie w 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 p = preliminary. To increase the timeliness of some series, prelim inary figures are issued based on representative but incom plete returns. r = revised. Generally, this revision reflects the availability of later data but may also reflect other adjustments, n.e.c. = not elsewhere classified, n.e.s. = not elsewhere specified. 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 ma jor surveys and information on rates of change in compensation provided by the Employment Cost Index (eci) program. The labor force participation rate, the employment-to-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 nonagricultural payroll data. The Employment Cost Index (compensation), by major sector and by https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis bargaining status, is chosen from a variety o f 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 pre sented in table 2. Measures of rates of change of compensation 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; and the overall export and import price indexes are given. Measures of productivity (output per hour of all persons) are provided for major sectors. 51 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics 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 mea sures. 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. For detailed descriptions of each data series, see bls H a n d b o o k o f M e th o d s , Volumes I and II, Bulletins 2134-1 and 2134-2 (Bureau of Labor Statistics, 1982 and 1984, respectively), as well as the additional bulletins, articles, and other publi cations noted in the separate sections of the R e v ie w 's “Current Labor Statistics Notes.” Historical data for many series are provided in the H a n d b o o k o f L a b o r S ta tis tic s , Bulletin 2217 (Bureau of Labor Statistics, 1985). Users may also wish to consult M a jo r P r o g r a m s , B u r e a u o f L a b o r S ta tis tic s , Report 718 (Bureau of Labor Statistics, 1985). EMPLOYMENT DATA (Tables 1; 4-21) Household survey data the various data series appear in the Explanatory Notes of E m p lo y m e n t a n d E a rn in g s . 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 59,500 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 civilians who worked for pay any time during the week which includes the 12th day of the month or who worked unpaid for 15 hours or more in a family-operated enterprise and (2) those who were temporarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. Members of the Armed Forces stationed in the United States are also included in the employed total. A person working at more than one job is counted only in the job at which he or she worked the greatest number of hours. Unemployed persons are those who did not work during the survey week, but were available for work except for temporary illness and had looked for jobs within the preceding 4 weeks. Persons who did not look for work because they were on layoff or waiting to start new jobs within the next 30 days are also counted among the unemployed. The overall unem ployment rate represents the number unemployed as a percent of the labor force, including the resident Armed Forces. The civilian unemployment rate represents the number unemployed as a percent of the civilian labor force. The labor force consists of all employed or unemployed civilians plus members of the Armed Forces stationed in the United States. Persons not in the labor force are those not classified as employed or unemployed; this group includes persons who are retired, those engaged in their own house work, those not working while attending school, those unable to work because of long-term illness, those discouraged from seeking work because of personal or job market factors, and those who are voluntarily idle. The noninstitutional population comprises all persons 16 years of age and older who are not inmates of penal or mental institutions, sanitariums, or homes for the aged, infirm, or needy, and members of the Armed Forces stationed in the United States. The labor force participation rate is the proportion of the noninstitutional population that is in the labor force. The employment-population ratio is total employment (including the resident Armed Forces) as a percent of the noninstitutional population. Notes on the data From time to time, and especially after a decennial census, adjustments are made in the Current Population Survey figures to correct for estimating errors during the preceding years. These adjustments affect the comparabil ity of historical data. A description of these adjustments and their effect on 52 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Data in tables 4-10 are seasonally adjusted, based on the seasonal experience through December 1986. Additional sources of information For detailed explanations of the data, see bls H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 1, and for additional data, H a n d b o o k o f L a b o r S ta t is tic s , Bulletin 2217 (Bureau of Labor Statistics, 1985). A detailed description of the Current Population Survey as well as additional data are available in the monthly Bureau of Labor Statistics periodical, E m p lo y m e n t a n d E a r n in g s . Historical data from 1948 to 1981 are available in L a b o r F o r c e S ta tis tic s D e r iv e d f r o m th e C u r r e n t P o p u la tio n S u r v e y : A D a ta b o o k , Vols. I and II, Bulletin 2096 (Bureau of Labor Statistics, 1982). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “Comparing employment estimates from household and payroll surveys,” M o n th ly L a b o r R e v ie w , December 1969, pp. 9-20. 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 more than 250,000 establishments representing all industries except agriculture. In most indus tries, 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 ware house.) Self-employed persons and others not on a regular civilian payroll are outside the scope of the survey because they are excluded from estab lishment 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 of the month. Persons holding more than one job (about 5 percent of all persons in the labor force) are counted in each establishment which reports them. Production workers in manufacturing include working supervisors and all nonsupervisory workers closely associated with production operations. Those workers mentioned in tables 12-17 include production workers in manufacturing and mining; construction workers in construction; and non supervisory workers in the following industries: transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; and services. These groups account for about four-fifths of the total employ ment on private nonagricutural payrolls. Earnings are the payments production or nonsupervisory workers re ceive during the survey period, including premium pay for overtime or late-shift work but excluding irregular bonuses and other special payments. Real earnings are earnings adjusted to reflect the effects of changes in consumer prices. The deflator for this series is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers (cpi- w). The Hourly Earnings Index is calculated from average hourly earnings data adjusted to exclude the effects of two types of changes that are unrelated to underlying wage-rate developments: fluctuations in overtime premiums in manufacturing (the only sector for which overtime data are available) and the effects of changes and seasonal factors in the proportion of workers in high-wage and low-wage industries. Hours represent the average weekly hours of production or nonsupervi sory workers for which pay was received and are different from standard or scheduled hours. Overtime hours represent the portion of gross average weekly hours which were in excess of regular hours and for which overtime premiums were paid. The Diffusion Index, introduced in the May 1983 Review, represents the percent of 185 nonagricultural industries in which employment was rising over the indicated period. One-half of the industries with unchanged employment are counted as rising. In line with Bureau practice, data for the 1-, 3-, and 6-month spans are seasonally adjusted, while those for the 12-month span are unadjusted. The diffusion index is useful for measur ing the dispersion of economic gains or losses and is also an economic indicator. Notes on the data Establishment data collected by the Bureau of Labor Statistics are peri odically adjusted to comprehensive counts of employment (called “benchmarks”). The latest complete adjustment was made with the release of May 1986 data, published in the July 1986 issue of the Review. Conse quently, data published in the Review prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1984; seasonally adjusted data have been revised back to January 1981. These revisions were published in the Supplement to Employment and Earnings (Bureau of Labor Statistics, 1986). Unadjusted data from April 1985 forward, and seasonally adjusted data from January 1982 for ward are subject to revision in future benchmarks. In the establishment survey, estimates for the 2 most recent months are based on incomplete returns and are published as preliminary in the tables (13 to 16 in the Review). When all returns have been received, the esti mates are revised and published as final in the third month of their appear ance. Thus, August data are published as preliminary in October and November and as final in December. For the same reason, quarterly estab lishment data (table 1) are preliminary for the first 2 months of publication and final in the third month. Thus, second-quarter data are published as preliminary in August and September and as final in October. Additional sources of information Detailed data from the establishment survey are published monthly in the periodical, Employment and Earnings. Earlier comparable unadjusted and seasonally adjusted data are published in Employment, Hours, and Earnings, United States, 1909-84, Bulletin 1312-12 (Bureau of Labor Statistics, 1985) and its annual supplement. For a detailed discussion of the methodology of the survey, see bls Handbook ofMethods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 2. For additional data, see Handbook of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “Comparing employment estimates from household and payroll surveys,” Monthly Labor Review, December 1969, pp. 9-20. bls Unemployment data by State Description of the series Data presented in this section are obtained from two major sources— the Current Population Survey (cps) and the Local Area Unemployment Statis tics (laus) program, which is conducted in cooperation with State employ ment security agencies. Monthly estimates of the labor force, employment, and unemployment for States and sub-State areas are a key indicator of local economic condi tions and form the basis for determining the eligibility of an area for benefits under Federal economic assistance programs such as the Job Train ing Partnership Act and the Public Works and Economic Development Act. 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 11 States— California, Florida, Illinois, Massachusetts, Michigan, New York, New Jersey, North Carolina, Ohio, Pennsylvania, and Texas— are obtained directly from the cps , because the size of the sample is large enough to meet bls standards of reliability. Data for the remaining 39 States and the District of Columbia are derived using standardized procedures established by bls. Once a year, estimates for the 11 States are revised to new population controls. For the remaining States and the District of Columbia, data are benchmarked to annual average cps levels. Additional sources of information Information on the concepts, definitions, and technical procedures used to develop labor force data for States and sub-State areas as well as addi tional data on sub-States are provided in the monthly Bureau of Labor Statistics periodical, Employment and Earnings, and the annual report, Geographic Profile of Employment and Unemployment (Bureau of Labor Statistics). See also bis Handbook ofMethods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 4. COMPENSATION AND WAGE DATA (Tables 1-3; 22-29) are gathered by the Bureau from business establishments, State and local governments, labor unions, collective bar gaining agreements on file with the Bureau, and secondary sources. Compensation and wage data 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 uses a fixed market basket of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis labor— similar in concept to the Consumer Price Index’s fixed market basket of goods and services— to measure change over time in employer costs of employing labor. The index is not seasonally adjusted. Statistical series on total compensation costs and on wages and salaries are available for private nonfarm workers excluding proprietors, the selfemployed, and household workers. Both series are also available for State and local government workers and for the civilian nonfarm economy, which consists of private industry and State and local government workers combined. Federal workers are excluded. The Employment Cost Index probability sample consists of about 2,200 private nonfarm establishments providing about 12,000 occupational ob servations and 700 State and local government establishments providing 53 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics 3,500 occupational observations selected to represent total employment in each sector. On average, each reporting unit provides wage and compensa tion information on five well-specified occupations. Data are collected each quarter for the pay period including the 12th day of March, June, Septem ber, and December. Beginning with June 1986 data, fixed employment weights from the 1980 Census of Population are used each quarter to calculate the indexes for civilian, private, and State and local governments. (Prior to June 1986, the employment weights are from the 1970 Census of Population.) These fixed weights, also used to derive all of the industry and occupation series indexes, ensure that changes in these indexes reflect only changes in com pensation, not employment shifts among industries or occupations with different levels of wages and compensation. For the bargaining status, region, and metropolitan/nonmetropolitan area series, however, employ ment data by industry and occupation are not available from the census. Instead, the 1980 employment weights are reallocated within these series each quarter based on the current sample. Therefore, these indexes are not strictly comparable to those for the aggregate, industry, and occupation 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, in cluding production bonuses, incentive earnings, commissions, and cost-ofliving 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 payment-in-kind, free room and board, and tips. Notes on the data The Employment Cost Index data series began in the fourth quarter of 1975, with the quarterly percent change in wages and salaries in the private nonfarm sector. Data on employer costs for employee benefits were in cluded in 1980 to produce, when combined with the wages and salaries series, a measure of the percent change in employer costs for employee total compensation. State and local government units were added to the eci coverage in 1981, providing a measure of total compensation change in the c iv ilia n nonfarm economy (excluding Federal employees). Historical in dexes (June 1981 = 100) of the quarterly rates of change are presented in the May issue of the bls monthly periodical, C u r r e n t W a g e D e v e lo p m e n ts . (wage and benefit costs) and wages alone, quarterly for private industry and semiannually for State and local government. Compensation measures cover all collective bargaining situations involving 5,000 workers or more and wage measures cover all situations involving 1,000 workers or more. These data, covering private nonagricultural industries and State and local governments, are calculated using information obtained from bargaining agreements on file with the Bureau, parties to the agreements, and second ary sources, such as newspaper accounts. The data are not seasonally adjusted. Settlement data are measured in terms of future specified adjustments: those that will occur within 12 months after contract ratification— firstyear— and all adjustments that will occur over the life of the contract expressed as an average annual rate. Adjustments are worker weighted. Both first-year and over-the-life measures exclude wage changes that may occur under cost-of-living clauses that are triggered by future movements in the Consumer Price Index. Effective wage adjustments measure all adjustments occurring in the reference period, regardless of the settlement date. Included are changes from settlements reached during the period, changes deferred from con tracts negotiated in earlier periods, and changes under cost-of-living adjust ment clauses. Each wage change is worker weighted. The changes are prorated over all workers under agreements during the reference period yielding the average adjustment. Definitions Wage rate changes are calculated by dividing newly negotiated wages by the average hourly earnings, excluding overtime, at the time the agree ment is reached. Compensation changes are calculated by dividing the change in the value of the newly negotiated wage and benefit package by existing average hourly compensation, which includes the cost of previ ously negotiated benefits, legally required social insurance programs, and average hourly earnings. Compensation changes are calculated by placing a value on the benefit portion of the settlements at the time they are reached. The cost estimates are based on the assumption that conditions existing at the time of settle ment (for example, methods of financing pensions or composition of labor force) will remain constant. The data, therefore, are measures of negotiated changes and not of total changes in employer cost. Contract duration runs from the effective date of the agreement to the expiration date or first wage reopening date, if applicable. Average annual percent changes over the contract term take account of the compounding of successive changes. Additional sources of information Notes on the data For a more detailed discussion of the Employment Cost Index, see the Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 11, and the follow ing M o n t h l y L a b o r R e v i e w articles: “Employment Cost Index: a measure of change in the ‘price of labor’,” July 1975; “How benefits will be incorporated into the Employment Cost In dex,” January 1978; “Estimation procedures for the Employment Cost Index,” May 1982; and “Introducing new weights for the Employment Cost Index,” June 1985. Data on the eci are also available in bls quarterly press releases issued in the month following the reference months of March, June, September, and December; and from the H a n d b o o k o f L a b o r S ta tis tic s , Bulletin 2217 (Bureau of Labor Statistics, 1985). Care should be exercised in comparing the size and nature of the settle ments in State and local government with those in the private sector because of differences in bargaining practices and settlement characteristics. A principal difference is the incidence of cost-of-living adjustment (cola) clauses which cover only about 2 percent of workers under a few local government settlements, but cover 50 percent of workers under private sector settlements. Agreements without cola’s tend to provide larger speci fied wage increases than those with cola’s . Another difference is that State and local government bargaining frequently excludes pension benefits which are often prescribed by law. In the private sector, in contrast, pensions are typically a bargaining issue. H a n d b o o k o f M e th o d s , Collective bargaining settlements Description of the series Additional sources of information For a more detailed discussion on the series, see the b ls H a n d b o o k o f Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 10. Comprehensive data are published in press releases issued quarterly (in January, April, July, and October) for private industry, and semi- M e th o d s , Collective bargaining settlements data provide statistical measures of negotiated adjustments (increases, decreases, and freezes) in compensation Digitized 54 for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis annually (in February and August) for State and local government. Histor ical data and additional detailed tabulations for the prior calendar year appear in the April issue of the bls monthly periodical, C u r r e n t W a g e monthly periodical, C u r r e n t W a g e D e v e lo p m e n ts . Historical data appear in the BLS H a n d b o o k o f L a b o r S ta tis tic s . D e v e lo p m e n ts . O ther com pensation data W ork 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 time lost because of stoppage. Data are largely from newspaper accounts and cover only establishments directly involved in a stoppage. They do not measure the indirect or second ary 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 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 Other bls data on pay and benefits, not included in the Current Labor Statistics section of the M o n th ly L a b o r R e v ie w , appear in and consist of the following: I n d u s tr y W a g e S u r v e y s provide data for specific occupations selected to represent an industry’s wage structure and the types of activities performed by its workers. The Bureau collects information on weekly work schedules, shift operations and pay differentials, paid holiday and vacation practices, and information on incidence of health, insurance, and retirement plans. Reports are issued throughout the year as the surveys are completed. Summaries of the data and special analyses also appear in the M o n th ly L a b o r R e v ie w . A r e a W a g e S u r v e y s annually provide data for selected office, clerical, professional, technical, maintenance, toolroom, powerplant, material movement, and custodial occupations common to a wide variety of indus tries in the areas (labor markets) surveyed. Reports are issued throughout the year as the surveys are completed. Summaries of the data and special analyses also appear in the R e v ie w . T h e N a tio n a l S u r v e y o f P r o fe s s io n a l, A d m in is tr a tiv e , T e c h n ica l, a n d provides detailed information annually on salary levels and distributions for the types of jobs mentioned in the survey’s title in private employment. Although the definitions of the jobs surveyed reflect the duties and responsibilities in private industry, they are designed to match specific pay grades of Federal white-collar employees under the General Schedule pay system. Accordingly, this survey provides the legally re quired information for comparing the pay of salaried employees in the Federal civil service with pay in private industry. (See Federal Pay Com parability Act of 1970, 5 u.s.c. 5305.) Data are published in a bls news release issued in the summer and in a bulletin each fall; summaries and analytical articles also appear in the R e v ie w . E m p lo y e e B e n e fits S u r v e y provides nationwide information on the inci dence and characteristics of employee benefit plans in medium and large establishments in the United States, excluding Alaska and Hawaii. Data are published in an annual bls news release and bulletin, as well as in special articles appearing in the R e v ie w . C le r ic a l P a y 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. Additional sources of information Data for each calendar year are reported in a bls press release issued in the first quarter of the following year. Monthly data appear in the b l s PR IC E DA TA (Tables 2; 30-41) 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 (1967 = 100, unless otherwise noted). C onsum er 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 halfcentury 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 1982-84 buying habits of about 80 percent of the noninstitutional population of the United States at that time, com pared with 32 percent represented in the cpi- w . In addition to wage earners https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and clerical workers, the cpi- u covers professional, managerial, and tech nical workers, the self-employed, short-term workers, the unemployed, retirees, and others not in the labor force. The cpi is based on prices of food, clothing, shelter, fuel, drugs, trans portation 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 21,000 retail establishments and 60,000 housing units in 91 urban areas across the country are used to develop the “U.S. city average.” Separate estimates for 27 major urban centers are presented in table 31. 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 measured for the cpi- u . A rental equivalence method replaced the 55 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics 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 data. Additional sources of information For a discussion of the general method for computing the see b l s Bulletin 2134-2 (Bureau of Labor Statistics, 1984). The recent change in the mea surement of homeownership costs is discussed in Robert Gillingham and Walter Lane, “Changing the treatment of shelter costs for homeowners in the CPI,” M o n th ly L a b o r R e v ie w , June 1982, pp. 9-14. An overview of the recently introduced revised cpi, reflecting 1982-84 expenditure patterns, is contained in T h e C o n s u m e r P r ic e In d e x : 1 9 8 7 R e v is io n , Report 736 (Bu reau of Labor Statistics, 1987). Additional detailed cpi data and regular analyses of consumer price changes are provided in the c p i D e ta ile d R e p o r t, a monthly publication of the Bureau. Historical data for the overall cpi and for selected groupings may be found in the H a n d b o o k o f L a b o r S t a t i s t i c s , Bulletin 2217 (Bureau of Labor Statistics, 1985). cpi, H a n d b o o k o f M e th o d s , V o lu m e II, T h e C o n s u m e r P r ic e I n d e x , Producer Price Indexes Description of the series Producer Price Indexes (ppi) measure average changes in prices re ceived in primary markets of the United States by producers of commodi ties in all stages of processing. The sample used for calculating these indexes currently contains about 3,200 commodities and about 60,000 quotations per month selected to represent the movement of prices of all commodities produced in the manufacturing, agriculture, forestry, fishing, mining, gas and electricity, and public utilities sectors. The stage of proc essing structure of Producer Price Indexes 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. To the extent possible, prices used in calculating Producer Price Indexes apply to the first significant commercial transaction in the United States from the production or central marketing point. Price data are generally collected monthly, primarily by mail questionnaire. Most prices are ob tained directly from producing companies on a voluntary and confidential basis. Prices generally are reported for the Tuesday of the week containing the 13th day of the month. Since January 1976, 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 1972. The detailed data are aggregated to obtain indexes for stage-of-processing groupings, commodity groupings, durability-of-product groupings, and a number of special composite groups. All Producer Price Index data are subject to revision 4 months after original publication. Notes on the data Beginning with the January 1986 issue, the R e v ie w is no longer present ing tables of Producer Price Indexes for commodity groupings, special composite groups, or sic industries. However, these data will continue to be presented in the Bureau’s monthly publication P r o d u c e r P r ic e I n d e x e s . The Bureau has completed the first major stage of its comprehensive overhaul of the theory, methods, and procedures used to construct the Producer Price Indexes. Changes include the replacement of judgment sampling with probability sampling techniques; expansion to systematic https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis coverage of the net output of virtually all industries in the mining and manufacturing sectors; a shift from a commodity to an industry orientation; the exclusion of imports from, and the inclusion of exports in, the survey universe; and the respecification of commodities priced to conform to Bureau of the Census definitions. These and other changes have been phased in gradually since 1978. The result is a system of indexes that is easier to use in conjunction with data on wages, productivity, and employ ment and other series that are organized in terms of the Standard Industrial Classification and the Census product class designations. Additional sources of information For a discussion of the methodology for computing Producer Price In dexes, see B L S H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 7. Additional detailed data and analyses of price changes are provided monthly in P r o d u c e r P r ic e I n d e x e s . Selected historical data may be found in the H a n d b o o k o f L a b o r S ta tis tic s , Bulletin 2217 (Bureau of Labor Statistics, 1985). International Price Indexes Description of the series The bls International Price Program produces quarterly export and import price indexes for nonmilitary goods 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 organiza tions 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. With publication of an all-import index in February 1983 and an all-export index in February 1984, all U.S. merchandise imports and exports now are represented in these indexes. The reference period for the indexes is 1977 = 100, unless otherwise indicated. The product universe for both the import and export indexes includes raw materials, agricultural products, semifinished manufactures, and finished manufactures, including both capital and consumer goods. Price data for these items are collected quarterly by mail questionnaire. In nearly all cases, the data are collected directly from the exporter or importer, al though 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 2 weeks of the third month of each calendar quarter— March, June, September, and December. 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 by the 4- and 5-digit level of detail of the Standard Industrial Trade Classification System ( sitc). The calcula tion of indexes by sitc category facilitates the comparison of U.S. price trends and sector production with similar data for other countries. Detailed indexes are also computed and published on a Standard Industrial Classifi cation (sic-based) basis, as well as by end-use class. Notes on the data The export and import price indexes are weighted indexes of the Laspeyres type. Price relatives are assigned equal importance within each weight category and are then aggregated to the sitc level. The values assigned to each weight category are based on trade value figures compiled by the Bureau of the Census. The trade weights currently used to compute both indexes relate to 1980. Because a price index depends on the same items being priced from period to period, it is necessary to recognize when a product’s specifica tions or terms of transaction have been modified. For this reason, the Bureau’s quarterly questionnaire requests detailed descriptions of the phys ical 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 the export price indexes, the preferred pricing basis is f.a.s. (free alongside ship) U.S. port of exportation. When firms report export prices f.o.b. (free on board), production point information is collected which enables the Bureau to calculate a shipment cost to the port of exportation. An attempt is made to collect two prices for imports. The first is the import price f.o.b. at the foreign port of exportation, which is consistent with the basis for valuation of imports in the national accounts. The second is the import price c.i.f. (cost, insurance, and freight) at the U.S. port of impor tation, which also includes the other costs associated with bringing the product to the U.S. border. It does not, however, include duty charges. Additional sources of information For a discussion of the general method of computing International Price Indexes, see b l s H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 8. Additional detailed data and analyses of international price develop ments are presented in the Bureau’s quarterly publication U .S . I m p o r t a n d E x p o r t P r ic e I n d e x e s and in occasional M o n th ly L a b o r R e v ie w articles prepared by bls analysts. Selected historical data may be found in the H a n d b o o k o f L a b o r S ta t is tic s , Bulletin 2217 (Bureau of Labor Statistics, 1985). PRODUCTIVITY DATA (Tables 2; 42-47) U. S. productivity and related data Description of the series The productivity measures relate real physical output to real input. As such, they encompass a family of measures which include single factor input measures, such as output per unit of labor input (output per hour) or output per unit of capital input, as well as measures of multifactor produc tivity (output per unit of labor and capital inputs combined). 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. Unit profits include corporate profits and the value of inventory adjust ments per unit of output. Hours of all persons are the total hours paid of payroll workers, selfemployed persons, and unpaid family workers. Capital services is 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. Labor and capital inputs combined are derived by combining changes in labor and capital inputs with weights which represent each component’s share of total output. The indexes for capital services and combined units of labor and capital are based on changing weights which are averages of the shares in the current and preceding year (the Tomquist index-number formula). Notes on the data Definitions Output per hour of all persons (labor productivity) is the value of goods and services in constant prices produced per hour of labor input. Output per unit of capital services (capital productivity) is the value of goods and services in constant dollars produced per unit of capital services input. Multifactor productivity is the ratio output per unit of labor and capital inputs combined. Changes in this measure reflect changes in a number of factors which affect the production process such as changes in technology, shifts in the composition of the labor force, changes in capacity utilization, research and development, skill and efforts of the work force, manage ment, and so forth. Changes in the output per hour measures reflect the impact of these factors as well as the substitution of capital for labor. Compensation per hour is the wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans, and the wages, salaries, and supplementary payments for the self-employed (except for nonfinancial corporations in which there are no selfemployed)— the sum divided by hours paid for. 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 compensation of all persons from current dollar value of output and divid ing by output. Unit nonlabor costs contain all the components of unit nonlabor payments e x c e p t unit profits. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Output measures for the business sector and the nonfarm businesss sector exclude the constant dollar value of owner-occupied housing, rest of world, households and institutions, and general government output from the con stant dollar value of gross national product. The measures are derived from data supplied by the Bureau of Economic Analysis, U.S. Department of Commerce, and the Federal Reserve Board. Quarterly manufacturing out put indexes are adjusted by the Bureau of Labor Statistics to annual esti mates of output (gross product originating) from the Bureau of Economic Analysis. Compensation and hours data are developed from data of the Bureau of Labor Statistics and the Bureau of Economic Analysis. The productivity and associated cost measures in tables 42-44 describe the relationship between output in real terms and the labor time and capital services involved in its production. They show the changes from period to period in the amount of goods and services produced per unit of input. Although these measures relate output to hours and capital services, they do not measure the contributions of labor, capital, or any other specific factor of production. Rather, they reflect the joint effect of many influ ences, including changes in technology; capital investment; level of output; utilization of capacity, energy, and materials; the organization of produc tion; managerial skill; and the characteristics and efforts of the work force. Additional sources of information Descriptions of methodology underlying the measurement of output per hour and multifactor productivity are found in the bls H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 13. His torical data for selected industries are provided in the Bureau’s H a n d b o o k o f L a b o r S t a t i s t i c s , 1985, Bulletin 2217. 57 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics INTERNATIONAL COMPARISONS (Tables 45-47) Labor force and unemployment Description of the series Tables 45 and 46 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 unemployment statistics (and, to a lesser extent, employment statistics) published by other industrial countries are not, in most cases, comparable to U.S. unemployment statistics. Therefore, the Bureau adjusts the figures for selected countries, where necessary, for all known major definitional differences. 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. Definitions For the principal U.S. definitions of the labor force, employment, and unemployment, see the Notes section on EMPLOYMENT DATA: House hold Survey Data. Notes on the data The adjusted statistics have been adapted to the age at which compulsory schooling ends in each country, rather than to the U.S. standard of 16 years of age and over. Therefore, the adjusted statistics relate to the population age 16 and over in France, Sweden, and from 1973 onward, the United Kingdom; 16 and over in Canada, Australia, Japan, Germany, the Nether lands, and prior to 1973, the United Kingdom; and 14 and over in Italy. The institutional population is included in the denominator of the labor force participation rates and employment-population ratios for Japan and Ger many; it is excluded for the United States and the other countries. In the U.S. labor force survey, persons on layoff who are awaiting recall to their job are classified as unemployed. European and Japanese layoff practices are quite different in nature from those in the United States; therefore, strict application of the U.S. definition has not been made on this point. For further information, see M o n th ly L a b o r R e v ie w , December 1981, pp. 8-11. The figures for one or more recent years for France, Germany, Italy, the Netherlands, and the United Kingdom are calculated using adjustment factors based on labor force surveys for earlier years and are considered preliminary. The recent-year measures for these countries are, therefore, subject to revision whenever data from more current labor force surveys become available. Additional sources of information For further information, see I n te r n a tio n a l C o m p a r is o n s o f U n e m p lo y Bulletin 1979 (Bureau of Labor Statistics, 1978), Appendix B and unpublished Supplements to Appendix B available on request. The statis tics are also analyzed periodically in the M o n th ly L a b o r R e v i e w . Additional historical data, generally beginning with 1959, are published in the H a n d b o o k o f L a b o r S ta tis tic s and are available in unpublished statistical supple ments to Bulletin 1979. m e n t, Manufacturing productivity and labor costs Description of the series Table 47 presents comparative measures of manufacturing labor produc tivity, hourly compensation costs, and unit labor costs for the United Digitized for58 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis States, Canada, Japan, and nine European countries. These measures are limited to trend comparisons— that is, intercountry series of changes over time— rather than level comparisons because reliable international com parisons of the levels of manufacturing output are unavailable. Definitions Output is constant value output (value added), generally taken from the national accounts of each country. While the national accounting methods for measuring real output differ considerably among the 12 countries, the use of different procedures does not, in itself, connote lack of comparabil ity— rather, it reflects differences among countries in the availability and reliability of underlying data series. Hours refer to all employed persons including the self-employed in the United States and Canada; to all wage and salary employees in the other countries. The U.S. hours measure is hours paid; the hours measures for the other countries are hours worked. Compensation (labor cost) includes all payments in cash or kind made directly to employees plus employer expenditures for legally required in surance programs and contractual and private benefit plans. In addition, for some countries, compensation is adjusted for other significant taxes on payrolls or employment (or reduced to reflect subsidies), even if they are not for the direct benefit of workers, because such taxes are regarded as labor costs. However, compensation does not include all items of labor cost. The costs of recruitment, employee training, and plant facilities and services— such as cafeterias and medical clinics— are not covered because data are not available for most countries. Self-employed workers are in cluded in the U.S. and Canadian compensation figures by assuming that their hourly compensation is equal to the average for wage and salary employees. Notes on the data For most of the countries, the measures refer to total manufacturing as defined by the International Standard Industrial Classification. However, the measures for France (beginning 1959), Italy (beginning 1970), and the United Kingdom (beginning 1971), refer to manufacturing and mining less energy-related products and the figures for the Netherlands exclude petroleum refining from 1969 to 1976. For all countries, manufacturing includes the activities of government enterprises. The figures for one or more recent years are generally based on current indicators of manufacturing output, employment, hours, and hourly com pensation and are considered preliminary until the national accounts and other statistics used for the long-term measures become available. Additional sources of information For additional information, see the b l s H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 16 and periodic M o n th ly L a b o r R e v ie w articles. Historical data are provided in the Bureau’s H a n d b o o k o f L a b o r S ta t is tic s , Bulletin 2217, 1985. The statistics are issued twice per year— in a news release (generally in May) and in a M o n th ly L a b o r R e v ie w article (generally in December). OCCUPATIONAL INJURY AND ILLNESS DATA (Table 48) Description of the series The Annual Survey of Occupational Injuries and Illnesses is designed to collect data on injuries and illnesses based on records which employers in the following industries maintain under the Occupational Safety and Health Act of 1970: agriculture, forestry, and fishing; oil and gas extraction; construction; manufacturing; transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; and services. Excluded from the survey are self-employed individuals, farmers with fewer than 11 employees, employers regulated by other Federal safety and health laws, and Federal, State, and local government agencies. Because the survey is a Federal-State cooperative program and the data must meet the needs of participating State agencies, an independent sam ple is selected for each State. The sample is selected to represent all pri vate industries in the States and territories. The sample size for the survey is dependent upon (1) the characteristics for which estimates are needed; (2) the industries for which estimates are desired; (3) the charac teristics of the population being sampled; (4) the target reliability of the estimates; and (5) the survey design employed. While there are many characteristics upon which the sample design could be based, the total recorded case incidence rate is used because it is one of the most important characteristics and the least variable; therefore, it re quires the smallest sample size. The survey is based on stratified random sampling with a Neyman allocation and a ratio estimator. The characteristics used to stratify the establishments are the Standard Industrial Classification (sic) code and size of employment. Definitions Recordable occupational injuries and illnesses are: (1) occupational deaths, regardless of the time between injury and death, or the length of the illness; or (2) nonfatal occupational illnesses; or (3) nonfatal occupational injuries which involve one or more of the following: loss of consciousness, restriction of work or motion, transfer to another job, or medical treatment (other than first aid). Occupational injury is any injury such as a cut, fracture, sprain, ampu tation, and so forth, which results from a work accident or from exposure involving a single incident in the work environment. Occupational illness is an abnormal condition or disorder, other than one resulting from an occupational injury, caused by exposure to environ mental factors associated with employment. It includes acute and chronic illnesses or disease which may be caused by inhalation, absorption, inges tion, or direct contact. Lost workday cases are cases which involve days away from work, or days of restricted work activity, or both. Lost workday cases involving restricted work activity are those cases which result in restricted work activity only. Lost workdays away from work are the number of workdays (consec utive or not) on which the employee would have worked but could not because of occupational injury or illness. Lost workdays—restricted work activity are the number of workdays (consecutive or not) on which, because of injury or illness: (1) the em ployee was assigned to another job on a temporary basis; or (2) the em https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ployee worked at a permanent job less than full time; or (3) the employee worked at a permanently assigned job but could not perform all duties normally connected with it. 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 even though able to work. Incidence rates represent the number of injuries and/or illnesses or lost workdays per 100 full-time workers. Notes on the data Estimates are made for industries and employment-size classes and for severity classification: fatalities, lost workday cases, and nonfatal cases without lost workdays. Lost workday cases are separated into those where the employee would have worked but could not and those in which work activity was restricted. Estimates of the number of cases and the number of days lost are made for both categories. Most of the estimates are in the form of incidence rates, defined as the number of injuries and illnesses, or lost workdays, per 100 full-time em ployees. For this purpose, 200,000 employee hours represent 100 em ployee years (2,000 hours per employee). Only a few of the available measures are included in the H a n d b o o k o f L a b o r S t a t i s t i c s . Full detail is presented in the annual bulletin, O c c u p a tio n a l I n ju r ie s a n d I lln e s s e s in th e U n ite d S ta te s , b y I n d u s tr y . Comparable data for individual States are available from the bls Office of Occupational Safety and Health Statistics. Mining and railroad data are furnished to bls by the Mine Safety and Health Administration and the Federal Railroad Administration, respec tively. Data from these organizations are included in bls and State publica tions. Federal employee experience is compiled and published by the Occu pational Safety and Health Administration. Data on State and local government employees are collected by about half of the States and territo ries; these data are not compiled nationally. Additional sources of information The Supplementary Data System provides detailed information describ ing various factors associated with work-related injuries and illnesses. These data are obtained from information reported by e m p lo y e r s to State workers’ compensation agencies. The Work Injury Report program exam ines selected types of accidents through an employee survey which focuses on the circumstances surrounding the injury. These data are not included in the H a n d b o o k o f L a b o r S ta tis tic s but are available from the bls Office of Occupational Safety and Health Statistics. The definitions of occupational injuries and illnesses and lost workdays are from R e c o r d k e e p in g R e q u ir e m e n ts u n d e r th e O c c u p a tio n a l S a fe ty a n d H e a lth A c t o f 1 9 7 0 . For additional data, see O c c u p a tio n a l I n ju r ie s a n d I lln e s s e s in th e U n ite d S ta te s , b y I n d u s tr y , annual Bureau of Labor Statistics bulletin; bls H a n d b o o k o f M e th o d s , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 17; H a n d b o o k o f L a b o r S t a t i s t i c s , Bulletin 2217 (Bureau of Labor Statistics, 1985), pp. 411-14; annual reports in the M o n th ly L a b o r R e v ie w , and annual U.S. Department of Labor press releases. 59 MONTHLY LABOR REVIEW 1. May 1987 • Current Labor Statistics: Comparative Indicators Labor market indicators 1986 1985 Selected indicators 1986 1985 I III II I IV IV III II E m p lo y m e n t d a ta Employment status of the civilian noninstitutionalized population (household survey)' Labor force participation r a te .............................................................. Employment-population r a tio ............................................................... Unemployment r a t e .............................................................................. M e n ....................................................................................................... 16 to 24 years ................................................................................. 25 years and o v e r ........................................................................... Women ................................................................................................. 16 to 24 years ................................................................................. 25 years and o v e r ........................................................................... Unemployment rate, 15 weeks and o v e r ....................................... 64.8 60.1 7.2 7.0 14.1 5.3 7.4 13.0 5.9 2.0 65.3 60.7 7.0 6.9 13.7 5.4 7.1 12.8 5.5 1.9 64.8 60.1 7.3 7.1 14.2 5.4 7.5 13.1 6.0 2.1 64.7 60.0 7.2 7.0 14.0 5.3 7.5 12.9 6.0 2.0 64.7 60.1 7.2 7.0 14.0 5.3 7.4 12.9 5.9 2.0 64.9 60.3 7.1 6.9 14.2 5.2 7.3 13.1 5.6 1.9 65.1 60.5 7.1 6.9 13.5 5.3 7.3 13.1 5.7 1.9 65.2 60.6 7.1 7.0 14.2 5.3 7.2 13.1 5.7 1.9 65.3 60.8 6.9 6.9 13.7 5.4 6.9 12.6 5.4 1.9 65.4 60.9 6.9 6.9 13.4 5.4 6.8 12.5 5.3 1.8 97,614 81,199 24,930 19,314 72,684 100,167 83,432 24,938 19,186 75,229 96,581 80,341 24,970 19,439 71,611 97,295 80,958 24,947 19,323 72,347 97,897 81,414 24,866 19,241 73,031 98,668 82,069 24,937 19,261 73,731 99,403 82,731 25,028 19,284 74,375 99,848 83,144 24,952 19,194 74,896 100,316 83,650 24,872 19,116 75,444 101,072 84,176 24,892 19,153 76,180 34.9 40.5 3.3 34.8 40.7 3.4 35.0 40.4 3.3 34.9 40.4 3.2 34.9 40.6 3.3 34.9 40.8 3.5 34.9 40.7 3.4 34.8 40.7 3.4 34.7 40.7 3.5 34.7 40.8 3.5 Percent change in the ECI, compensation: All workers (excluding farm, household, and Federal w o rk e rs )...... Private industry workers ..................................................................... Goods-producing2 ............................................................................ Service-producing2 .......................................................................... State and local government w o rk e rs ............................................... 4.3 3.9 3.4 4.4 5.7 3.6 3.2 3.1 3.2 5.2 1.3 1.2 1.5 1.0 1.2 .7 .8 .7 1.0 .2 1.6 1.3 .6 1.8 3.4 .6 .6 .6 .5 .7 1.1 1.1 1.1 1.1 1.0 .7 .8 .9 .6 .6 1.1 .7 .6 .8 2.8 .6 .6 .5 .6 .8 Workers by bargaining status (private industry): U n io n ...................................................................................................... Nonunion .............................................................................................. 2.6 4.6 2.1 3.6 .7 1.6 .6 1.0 .8 1.4 .5 .6 1.0 1.2 .2 .9 .5 .8 .3 .7 Employment, nonagricultural (payroll data), in thousands:' Total ........................................................................................................... Private sector ........................................................................................ Goods-producing................................................................................... M anufacturing..................................................................................... Service-producing ................................................................................. Average hours: Private sector ........................................................................................ Manufacturing .................................................................................. E m p lo y m e n t C o s t In d e x 1 Quarterly data seasonally adjusted. 2 Goods-producing industries include mining, construction, and manufacturing. Service- 60 FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis producing industries include all other private sector industries. 2. Annual and quarterly percent changes In compensation, prices, and productivity 1986 1985 Selected measures 1986 1985 I IV III II I IV III II C o m p e n s a t io n d a ta 1, 2 Employment Cost Index-compensation (wages, salaries, benefits): 4.3 3.9 3.6 3.2 1.3 1.2 0.7 .8 1.6 1.3 0.6 .6 1.1 1.1 0.7 .8 1.1 .7 0.6 .6 4.4 4.1 3.5 3.1 1.2 1.2 .9 1.1 1.7 1.3 .6 .6 1.0 1.0 .8 .9 1.1 .7 .6 .5 3.8 1.1 1.0 1.1 .7 .9 .6 .7 .3 Employment Cost Index-wages and salaries P r ic e d a t a 1 Consumer Price Index (All urban consumers): All ite m s ...... Producer Price Index: 1.8 1.5 2.7 -.3 -5.6 -2 .5 -3 .8 2.1 -4 .4 -9.7 .5 .4 .6 -.9 -1.5 -3.1 -4.1 .2 -2.9 -7.6 2.5 2.5 2.5 .4 4.3 -1.4 -1.4 -1.4 -.5 -4.5 .7 .7 .4 .2 -2.1 .0 -.3 1.3. -.4 -3.1 - .4 .9 .6 2.0 -.4 -.2 -.7 -.7 -.7 -.2 -.5 P r o d u c t iv it y d a t a 3 Output per hour of all persons: 1.0 .5 1.2 _ .9 .3 .8 .7 .7 1 Annual changes are December-to-December change. 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 Annual rates of change are computed by comparing annual averages. 3. _____ I-------------- -2.8 -2.2 - -.4 -.3 .2 .5 .5 -.3 3.3 4.3 -.5 -3.2 -3.5 -2.8 3.4 2.2 4.9 2.7 1.8 2.2 dexes. The data are seasonally adjusted. 4 Output per hour pf all employees. - Data not available. Alternative measures of wage and compensation changes Four quarters ended- Quarterly average III I IV III II 1986 1985 1986 1985 Components IV IV III I IV III II Average hourly compensation:1 4.4 3.2 3.8 3.7 2.5 3.1 2.8 2.3 2.9 2.3 2.1 2.7 4.4 4.0 4.4 3.9 3.9 3.6 3.4 3.1 3.0 2.8 2.6 2.6 1.6 1.3 .8 1.4 3.4 .6 .6 .5 .6 .7 1.1 1.1 1.0 1.2 1.0 .7 .8 .2 .9 .6 1.1 .7 .5 .8 2.8 .6 .6 .3 .7 .8 4.9 4.7 3.2 5.4 6.0 4.3 3.9 2.6 4.6 5.7 4.1 3.8 2.9 4.2 5.5 4.0 3.8 2.5 4.2 5.8 3.6 3.2 2.3 3.5 5.2 3.6 3.2 2.1 3.6 5.2 1.7 1.3 .9 1.5 3.5 1.2 .2 .5 .4 .6 .6 .5 .6 .5 .1 .2 .1 1.0 1.0 .7 1.1 1.0 .6 (4) .4 .2 .8 .9 .4 .9 .4 .7 .2 .6 1.1 .7 .6 .7 3.2 .5 .1 .5 (4) .6 .5 .2 .7 .7 .5 .2 .2 .1 5.0 4.8 3.6 5.4 5.6 3.5 .9 1.8 .8 4.4 4.1 3.1 4.6 5.6 3.3 .7 1.8 .7 4.2 3.9 3.2 4.3 5.5 3.1 .6 1.7 .8 4.1 3.7 2.5 4.1 5.7 2.9 .5 1.8 .7 3.5 3.1 2.3 3.4 5.4 2.3 .5 1.6 .2 3.5 3.1 2.0 3.5 5.4 2.3 .5 1.7 .2 2.0 3.1 2.1 1.9 .8 1.5 1.3 2.0 .8 1.5 2.0 2.1 2.4 2.5 2.3 2.7 2.0 2.5 1.6 2.2 1.2 1.7 1.2 1.8 2.0 3.0 2.0 1.4 .6 1.2 .7 1.6 .7 1.2 2.7 2.4 3.1 2.7 2.6 2.7 2.3 2.5 1.4 2.0 .9 1.4 1.1 1.6 Employment Cost Index-compensation: Employment Cost Index-wages and salaries: (4) Negotiated wage adjustments from settlements:3 Negotiated wage and benefit adjustments from settlements:5 1 Seasonally adjusted. 2 Excludes Federal and household workers. 3 Limited to major collective bargaining units of 1,000 workers or more. The most recent data are preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 Data round to zero. 5 Limited to major collective bargaining units of 5,000 workers or more. The most recent data are preliminary. MONTHLY LABOR REVIEW 4. May 1987 • Current Labor Statistics: Employment Data Employment status of the total population, by sex, monthly data seasonally adjusted (Numbers in thousands) Annual average 1987 1986 Employment status Mar. 182,293 119,540 65.6 111,303 181,678 118,880 65.4 110,500 181,843 118,987 65.4 110,664 181,998 119,274 65.5 110,852 182,183 119,685 65.7 111,293 182,354 119,789 65.7 111,559 182,525 119,821 65.6 111,764 182,713 119,988 65.7 111,703 182,935 120,163 65.7 111,941 183,114 120,426 65.8 112,183 183,297 120,336 65.7 112,387 183,575 120,782 65.8 112,759 183,738 121,089 65.9 113,122 183,915 120,958 65.8 113,104 60.5 1,706 107,150 3,179 103,971 8,312 7.1 62,744 61.1 1,706 109,597 3,163 106,434 8,237 6.9 62,752 60.8 1,693 108,807 3,252 105,555 8,380 7.0 62,798 60.9 1,695 108,969 3,199 105,770 8,323 7.0 62,856 60.9 1,687 109,165 3,151 106,014 8,422 7.1 62,724 61.1 1,680 109,613 3,164 106,449 8,392 7.0 62,498 61.2 1,672 109,887 3,124 106,763 8,230 6.9 62,565 61.2 1,697 110,067 3,057 107,010 8,057 6.7 62,704 61.1 1,716 109,987 3,142 106,845 8,285 6.9 62,725 61.2 1,749 110,192 3,162 107,030 8,222 6.8 62,772 61.3 1,751 110,432 3,215 107,217 8,243 6.8 62,688 61.3 1,750 110,637 3,161 107,476 7,949 6.6 62,961 61.4 1,748 111,011 3,145 107,866 8,023 6.6 62,793 61.6 1,740 111,382 3,236 108,146 7,967 6.6 62,649 61.5 1,736 111,368 3,284 108,084 7,854 6.5 62,957 86,025 65,967 76.7 61,447 87,349 66,973 76.7 62,443 87,035 66,793 76.7 62,221 87,120 66,770 76.6 62,253 87,195 66,854 76.7 62,201 87,288 66,937 76.7 62,318 87,373 66,968 76.6 62,402 87,460 66,911 76.5 62,483 87,556 67,128 76.7 62,528 87,682 67,130 76.6 62,565 87,773 67,407 76.8 62,833 87,868 67,425 76.7 62,986 88,020 67,672 76.9 63,187 88,099 67,764 76.9 63,335 88,186 67,644 76.7 63,282 71.4 1,556 59,891 4,521 6.9 71.5 1,551 60,892 4,530 6.8 71.5 1,540 60,681 4,572 6.8 71.5 1,541 60,712 4,517 6.8 71.3 1,533 60,668 4,653 7.0 71.4 1,525 60,793 4,619 6.9 71.4 1,518 60,884 4,566 6.8 71.4 1,541 60,942 4,428 6.6 71.4 1,560 60,968 4,600 6.9 71.4 1,590 60,975 4,565 6.8 71.6 1,592 61,241 4,574 6.8 71.7 1,593 61,393 4,439 6.6 71.8 1,591 61,596 4,484 6.6 71.9 1,584 61,751 4,429 6.5 71.8 1,575 61,707 4,362 6.4 93,886 51,200 54.5 47,409 94,944 52,568 55.4 48,861 94,643 52,087 55.0 48,279 94,723 52,217 55.1 48,411 94,803 52,420 55.3 48,651 94,895 52,748 55.6 48,975 94,981 52,821 55.6 49,157 95,065 52,910 55.7 49,281 95,156 52,860 55.6 49,175 95,253 53,033 55.7 49,376 95,341 53,019 55.6 49,350 95,429 52,911 55.4 49,401 95,556 53,110 55.6 49,572 95,639 53,325 55.8 49,787 95,729 53,314 55.7 49,822 50.5 150 47,259 3,791 v. 7.4 51.5 155 48,706 3,707 7.1 51.0 153 48,126 3,808 7.3 51.1 154 48,257 3,806 7.3 51.3 154 48,497 3,769 7.2 51.6 155 48,820 3,773 7.2 51.8 154 49,003 3,664 6.9 51.8 156 49,125 3,629 6.9 51.7 156 49,019 3,685 7.0 51.8 159 49,217 3,657 6.9 51.8 159 49,191 3,669 6.9 51.8 157 49,244 3,510 6.6 51.9 157 49,415 3,538 6.7 52.1 156 49,631 3,538 6.6 52.0 161 49,661 3,492 6.6 June July Aug. Sept. Dec. Mar. 179,912 117,167 65.1 108,856 May Nov. Feb. 1986 Apr. Oct. Jan. 1985 TO TA L Noninstitutional population 2 ....... Labor force2 ..................................... Participation rate 3 ................. Total employed 2 .......................... Employment-population ratio 4 ...................................... Resident Armed Forces ' ....... Civilian employed ..................... Agriculture ............................... Nonagricultural in dustries..... Unem ployed.................................. Unemployment rate 5 ............ Not in labor force ........................... M en, 16 yea rs and o v e r Noninstitutional population ', 2 ....... Labor force2 ..................................... Participation rate 3 ................. Total employed 2 .......................... Employment-population ratio 4 ...................................... Resident Armed Forces 1 ....... Civilian em p lo ye d ..................... Unem ployed.................................. Unemployment rate 5 ............ W o m en , 16 yea rs and ove r Noninstitutional population ', 2 ....... Labor force2 ..................................... Participation rate 3 .................. Total employed2 ........................... Employment-population ratio 4 ...................................... Resident Armed Forces 1 ....... Civilian employed ..................... Unem ployed.................................. Unemployment rate 5 ............ 1 The population and Armed Forces figures are not adjusted for seasonal variation. 2 Includes members of the Armed Forces stationed in the United States. 3 Labor force as a percent of the noninstitutional population. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 Total employed as a percent of the noninstitutional population. 5 Unemployment as a percent of the labor force (including Forces). the resident Armed 5. Employment status of the civilian population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) 1987 1986 Annual average Employment status 1985 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. TO TAL Civilian noninstitutional p o p u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... E m ployed...................................... Employment-population ratio2 ....................................... Unem ployed.................................. Unemployment ra te ............... Not in labor force ........................... 178,206 115,461 64.8 107,150 180,587 117,834 65.3 109,597 179,985 117,187 65.1 108,807 180,148 117,292 65.1 108,969 180,311 117,587 65.2 109,165 180,503 118,005 65.4 109,613 180,682 118,117 65.4 109,887 180,828 118,124 65.3 110,067 180,997 118,272 65.3 109,987 181,186 118,414 65.4 110,192 181,363 118,675 65.4 110,432 181,547 118,586 65.3 110,637 181,827 119,034 65.5 111,011 181,998 119,349 65.6 111,382 182,179 119,222 65.4 111,368 60.1 8,312 7.2 62,744 60.7 8,237 7.0 62,752 60.5 8,380 7.2 62,798 60.5 8,323 7.1 62,856 60.5 8,422 7.2 62,724 60.7 8,392 7.1 62,498 60.8 8,230 7.0 62,565 60.9 8,057 6.8 62,704 60.8 8,285 7.0 62,725 60.8 8,222 6.9 62,772 60.9 8,243 6.9 62,688 60.9 7,949 6.7 62,961 61.1 8,023 6.7 62,793 61.2 7,967 6.7 62,649 61.1 7,854 6.6 62,957 77,195 60,277 78.1 56,562 78,523 61,320 78.1 57,569 78,236 61,177 78.2 57,388 78,309 61,080 78.0 57,392 78,387 61,158 78.0 57,338 78,484 61,330 78.1 57,522 78,586 61,355 78.1 57,544 78,634 61,219 77.9 57,585 78,722 61,412 78.0 57,607 78,802 61,409 77.9 57,595 78,874 61,703 78.2 57,883 78,973 61,826 78.3 58,101 79,132 61,948 78.3 58,227 79,216 61,973 78.2 58,325 79,303 61,983 78.2 58,410 73.3 2,278 54,284 3,715 6.2 73.3 2,292 55,277 3,751 6.1 73.4 2,389 54,999 3,789 6.2 73.3 2,319 55,073 3,688 6.0 73.1 2,279 55,059 3,820 6.2 73.3 2,309 55,213 3,808 6.2 73.2 2,275 55,269 3,811 6.2 73.2 2,185 55,400 3,634 5.9 73.2 2,286 55,321 3,805 6.2 73.1 2,297 55,298 3,814 6.2 73.4 2,303 55,580 3,820 6.2 73.6 2,289 55,812 3,725 6.0 73.6 2,254 55,974 3,720 6.0 73.6 2,300 56,024 3,648 5.9 73.7 2,411 55,999 3,573 5.8 86,506 47,283 54.7 44,154 87,567 48,589 55.5 45,556 87,263 48,065 55.1 44,934 87,355 48,181 55.2 45,094 87,444 48,433 55.4 45,335 87,547 48,739 55.7 45,657 87,629 48,879 55.8 45,869 87,689 48,950 55.8 45,956 87,779 48,920 55.7 45,905 87,856 49,014 55.8 46,020 87,933 49,043 55.8 46,067 88,016 48,923 55.6 46,058 88,150 49,161 55.8 46,261 88,237 49,348 55.9 46,475 88,321 49,355 55.9 46,498 51.0 596 43,558 3,129 6.6 52.0 614 44,943 3,032 6.2 51.5 589 44,345 3,131 6.5 51.6 585 44,509 3,087 6.4 51.8 604 44,731 3,098 6.4 52.2 583 45,074 3,082 6.3 52.3 607 45,262 3,010 6.2 52.4 622 45,334 2,994 6.1 52.3 614 45,291 3,015 6.2 52.4 612 45,408 2,994 6.1 52.4 675 45,392 2,976 6.1 52.3 621 45,437 2,865 5.9 52.5 628 45,633 2,900 5.9 52.7 641 45,835 2,873 5.8 52.6 589 45,909 2,857 5.8 14,506 7,901 54.5 6,434 14,496 7,926 54.7 6,472 14,485 7,945 54.9 6,485 14,484 8,031 55.4 6,483 14,480 7,996 55.2 6,492 14,472 7,936 54.8 6,434 14,467 7,883 54.5 6,474 14,505 7,955 54.8 6,526 14,496 7,940 54.8 6,475 14,527 7,991 55.0 6,577 14,557 7,929 54.5 6,482 14,558 7,837 53.8 6,478 14,545 7,926 54.5 6,524 14,546 8,028 55.2 6,582 14,555 7,884 54.2 6,460 44.4 305 6,129 1,468 18.6 44.6 258 6,215 1,454 18.3 44.8 274 6,211 1,460 18.4 44.8 295 6,188 1,548 19.3 44.8 268 6,224 1,504 18.8 44.5 272 6,162 1,502 18.9 44.8 242 6,232 1,409 17.9 45.0 250 6,276 1,429 18.0 44.7 242 6,233 1,465 18.5 45.3 253 6,324 1,414 17.7 44.5 237 6,245 1,447 18.2 44.5 251 6,227 1,359 17.3 44.9 264 6,260 1,402 17.7 45.2 295 6,287 1,446 18.0 44.4 284 6,176 1,424 18.1 153,679 99,926 65.0 93,736 155,432 101,801 65.5 95,660 155,005 101,208 65.3 94,955 155,122 101,237 65.3 95,095 155,236 101,531 65.4 95,283 155,376 101,946 65.6 95,720 155,502 102,015 65.6 95,861 155,604 102,122 65.6 96,177 155,723 102,158 65.6 96,000 155,856 102,297 65.6 96,147 155,979 102,455 65.7 96,281 156,111 102,503 65.7 96,533 156,313 102,746 65.7 96,717 156,431 102,893 65.8 96,995 156,561 102,797 65.7 96,998 61.0 6,191 6.2 61.5 6,140 6.0 61.3 6,253 6.2 61.3 6,142 6.1 61.4 6,248 6.2 61.6 6,226 6.1 61.6 6,154 6.0 61.8 5,945 5.8 61.6 6,158 6.0 61.7 6,150 6.0 61.7 6,174 6.0 61.8 5,970 5.8 61.9 6,029 5.9 62.0 5,898 5.7 62.0 5,799 5.6 19,664 12,364 62.9 10,501 19,989 12,654 63.3 10,814 19,889 12,634 63.5 10,770 19,916 12,687 63.7 10,809 19,943 12,721 63.8 10,839 19,974 12,712 63.6 10,818 20,002 12,611 63.0 10,822 20,028 12,553 62.7 10,716 20,056 12,652 63.1 10,799 20,089 12,720 63.3 10,895 20,120 12,719 63.2 10,910 20,152 12,707 63.1 10,968 20,187 12,831 63.6 10,997 20,218 12,957 64.1 11,101 20,249 12,844 63.4 11,053 53.4 1,864 15.1 54.1 1,840 14.5 54.2 1,864 14.8 54.3 1,878 14.8 54.3 1,882 14.8 54.2 1,894 14.9 54.1 1,789 14.2 53.5 1,837 14.6 53.8 1,853 14.6 54.2 1,825 14.3 54.2 1,809 14.2 54.4 1,739 13.7 54.5 1,833 14.3 54.9 1,855 14.3 54.6 1,791 13.9 M en, 20 y e a rs and o v e r Civilian noninstitutional p o p u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... Employed ...................................... Employment-population ratio2 ....................................... A g riculture.................................. Nonagricultural industries........ Unem ployed.................................. Unemployment ra te ............... W o m en , 20 y e a rs ond o v e r Civilian noninstitutional pop u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... E m ployed...................................... Employment-population ratio2 ....................................... A g riculture.................................. Nonagricultural industries........ Unem ployed.................................. Unemployment r a te ............... B o th sexes, 16 to 19 yea rs Civilian noninstitutional p o p u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... Employed ...................................... Employment-population ratio2 ....................................... A g riculture.................................. Nonagricultural industries........ Unem ployed.................................. Unemployment r a te ............... W hite Civilian noninstitutional p o p u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... Employed ...................................... Employment-population ratio2 ....................................... Unem ployed.................................. Unemployment ra te ............... Black Civilian noninstitutional p o p u la tio n '....................................... Civilian labor fo rc e .......................... Participation rate ................... Employed ...................................... Employment-population ratio2 ....................................... Unem ployed.................................. Unemployment r a te ............... See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 63 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 5. Continued— Employment status of the civilian population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) 1987 1986 Annual average Employment status 1986 Mar. Apr. May 11,915 7,698 64.6 6,888 12,344 8,076 65.4 7,219 12,219 7,926 64.9 7,095 12,255 7,969 65.0 7,129 12,290 8,006 .65.1 7,136 57.8 811 10.5 58.5 857 10.6 58.1 831 10.5 58.2 840 10.5 58.1 870 10.9 Oct. Nov. Dec. Jan. Feb. Mar. 12,432 8,179 65.8 7,286 12,469 8,200 65.8 7,345 12,505 8,226 65.8 7,437 12,540 8,320 66.3 7,446 12,653 8,431 66.6 7,538 12,692 8,457 66.6 7,644 12,732 8,392 65.9 7,639 58.6 893 10.9 58.9 855 10.4 59.5 789 9.6 59.4 874 10.5 59.6 893 10.6 60.2 813 9.6 60.0 753 9.0 Sept. July Aug. 12,326 8,085 65.6 7,224 12,362 8,121 65.7 7,269 12,397 8,130 65.6 7,248 58.6 861 10.6 58.8 852 10.5 58.5 882 10.8 June 1985 H ispanic origin Civilian noninstitutional population1 ....................................... Civilian labor fo rc e .......................... Participation rate .................... E m ployed...................................... Employment-population ratio2 ....................................... Unem ployed.................................. Unemployment ra te ............... ' The population figures are not seasonally adjusted. 2 Civilian employment as a percent of the civilian noninstitutional population. NOTE: Detail for the above race and Hispanic-origin groups will not sum to totals 6. because data for the “ other races” groups are not presented and Hispanics are included in both the white and black population groups. Selected employment indicators, monthly data seasonally adjusted (In thousands) 1987 1986 Annual average Selected categories 1985 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. C H A R A C T E R IS T IC Civilian employed, 16 years and o v e r................................................. M e n .............................................. W o m e n ........................................ Married men, spouse present .. Married women, spouse p re s e n t....................................... Women who maintain families . 107,150 59,891 47,259 39,248 109,597 60,892 48,706 39,658 108,807 60,681 48,126 39,396 108,969 60,712 48,257 39,504 109,165 60,668 48,497 39,582 109,613 60,793 48,820 39,613 109,887 60,884 49,003 39,634 110,067 60,942 49,125 39,735 109,987 60,968 49,019 39,691 110,192 60,975 49,217 39,780 110,432 61,241 49,191 39,952 110,637 61,393 49,244 40,093 111,011 61,596 49,415 40,102 111,382 61,751 49,631 39,913 111,368 61,707 49,661 40,100 26,336 5,597 27,144 5,837 26,761 5,754 26,889 5,799 27,016 5,734 27,354 5,719 27,474 5,812 27,388 5,832 27,249 5,926 27,323 6,016 27,333 6,041 27,400 6,005 27,525 5,985 27,817 5,906 27,965 5,933 1,535 1,458 185 1,547 1,447 169 1,655 1,450 169 1,539 1,467 173 1,489 1,472 177 1,508 1,492 163 1,504 1,434 171 1,509 1,387 174 1,521 1,460 159 1,562 1,451 164 1,582 1,425 198 1,621 1,400 152 1,650 1,370 136 1,647 1,454 126 1,739 1,418 150 95,871 16,031 79,841 1,249 78,592 7,811 289 98,299 16,342 81,957 1,235 80,722 7,881 255 97,661 16,160 81,501 1,227 80,274 7,713 243 97,858 16,231 81,627 1,309 80,318 7,634 251 98,047 16,333 81,714 1,261 80,453 7,793 235 98,314 16,377 81,937 1,267 80,670 7,832 236 98,312 16,582 81,730 1,241 80,489 8,019 258 98,586 16,446 82,140 1,247 80,893 7,956 271 98,692 16,333 82,359 1,229 81,130 7,939 275 98,846 16,264 82,582 1,216 81,366 7,993 265 98,869 16,457 82,412 1,183 81,229 8,179 252 99,164 16,443 82,721 1,189 81,532 8,056 239 99,550 16,412 83,138 1,269 81,869 8,192 246 99,748 16,532 83,216 1,204 82,012 8,187 255 99,834 16,568 83,265 1,227 82,038 8,050 273 5,590 2,430 2,819 13,489 5,588 2,456 2,800 13,935 5,548 2,352 2,908 13,778 5,853 2,534 2,922 13,900 5,825 2,605 2,843 13,853 5,538 2,437 2,813 14,142 5,442 2,473 2,661 13,967 5,471 2,417 2,741 13,981 5,544 2,472 2,772 13,922 5,740 2,481 2,826 14,178 5,563 2,510 2,714 14,021 5,596 2,444 2,867 13,877 5,505 2,473 2,695 14,170 5,780 2,535 2,828 14,061 5,456 2,440 2,698 14,167 5,334 2,273 2,730 13,038 5,345 2,305 2,719 13,502 5,295 2,160 2,819 13,351 5,567 2,382 2,806 13,528 5,569 2,485 2,749 13,412 5,322 2,307 2,727 13,613 5,222 2,317 2,609 13,578 5,269 2,283 2,678 13,606 5,303 2,314 2,710 13,520 5,450 2,314 2,739 13,736 5,319 2,366 2,626 13,567 5,342 2,286 2,765 13,455 5,201 2,281 2,599 13,750 5,459 2,340 2,742 13,597 5,164 2,218 2,595 13,682 M AJO R IN D U S TR Y A N D CLASS OF W ORKER Agriculture: Wage and salary w o rk e rs ........ Self-employed w o rk e rs ............. Unpaid family w o rk e rs .............. Nonagricultural industries: Wage and salary w o rk e rs ........ Government ............................. Private in dustries..................... Private households.............. O th e r ...................................... Self-employed w o rk e rs ............. Unpaid family w o rk e rs .............. PE RS O N S A T W O R K P A R T T IM E ' All industries: Part time for economic reasons . Slack work .................................. Could only find part-time work Voluntary part time ....................... Nonagricultural industries: Part time for economic reasons . Slack work .................................. Could only find part-time work Voluntary part t im e ...................... 1 Excludes persons “ with a job but not at work" durmg the survey perioc for such reasons as vacation, illness, or industrial disputes. Digitized for64 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7. Selected unemployment indicators, monthly data seasonally adjusted (Unemployment rates) 1987 1986 Annual average Selected categories 1985 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Total, all civilian w o rke rs............................................. Both sexes, 16 to 19 y e a rs ................................... Men, 20 years and o v e r ........................................ Women, 20 years and o v e r................................... 7.2 18.6 6.2 6.6 7.0 18.3 6.1 6.2 7.2 18.4 6.2 6.5 7.1 19.3 6.0 6.4 7.2 18.8 6.2 6.4 7.1 18.9 6.2 6.3 7.0 17.9 6.2 6.2 6.8 18.0 5.9 6.1 7.0 18.5 6.2 6.2 6.9 17.7 6.2 6.1 6.9 18.2 6.2 6.1 6.7 17.3 6.0 5.9 6.7 17.7 6.0 5.9 6.7 18.0 5.9 5.8 6.6 18.1 5.8 5.8 White, t o t a l............................................................... Both sexes, 16 to 19 y e a rs ................................ Men, 16 to 19 years ...................................... Women, 16 to 19 y e a rs ................................. Men, 20 years and over ..................................... Women, 20 years and o v e r................................ 6.2 15.7 16.5 14.8 5.4 5.7 6.0 15.6 16.3 14.9 5.3 5.4 6.2 15.0 15.9 14.1 5.4 5.7 6.1 16.3 17.1 15.4 5.2 5.5 6.2 15.9 17.0 14.7 5.4 5.5 6.1 15.9 17.1 14.6 5.4 5.4 6.0 15.2 15.6 14.7 5.4 5.3 5.8 15.4 16.6 14.2 5.1 5.2 6.0 15.9 16.6 15.1 5.4 5.3 6.0 15.4 15.7 15.2 5.4 5.2 6.0 16.0 16.3 15.7 5.4 5.2 5.8 15.1 15.5 14.6 5.3 5.0 5.9 15.0 16.1 13.8 5.3 5.1 5.7 15.2 16.0 14.3 5.2 4.9 5.6 15.5 17.1 13.9 5.1 4.8 Black, total ............................................................... Both sexes, 16 to 19 y e a rs ................................ Men, 16 to 19 years ...................................... Women, 16 to 19 y e a rs ................................. Men, 20 years and over ..................................... Women, 20 years and o v e r................................ 15.1 40.2 41.0 39.2 13.2 13.1 14.5 39.3 39.3 39.2 12.9 12.4 14.8 42.4 42.6 42.2 12.8 12.3 14.8 41.9 41.2 42.7 12.8 12.5 14.8 40.5 40.5 40.5 12.9 12.7 14.9 39.5 39.7 39.4 13.3 12.7 14.2 38.0 40.5 35.0 12.9 12.1 14.6 40.3 38.8 41.9 13.2 12.5 14.6 38.4 38.6 38.3 13.4 12.4 14.3 35.8 37.8 33.8 13.1 12.4 14.2 36.0 35.0 37.0 12.9 12.5 13.7 36.5 36.1 36.9 11.8 12.3 14.3 39.5 36.5 43.2 12.2 12.8 14.3 38.9 38.3 39.5 12.0 12.9 13.9 37.6 36.5 38.8 11.5 13.0 Hispanic origin, to ta l............................................... 10.5 10.6 10.5 10.5 10.9 10.6 10.5 10.8 10.9 10.4 9.6 10.5 10.6 9.6 9.0 Married men, spouse p re se n t............................... Married women, spouse p re s e n t.......................... Women who maintain fa m ilie s .............................. Full-time workers .................................................... Part-time workers ................................................... Unemployed 15 weeks and o v e r.......................... Labor force time lost1 ............................................ 4.3 5.6 10.4 6.8 9.3 2.0 8.1 4.4 5.2 9.8 6.6 9.1 1.9 7.9 4.5 5.5 10.1 6.8 9.1 1.9 8.1 4.2 5.3 9.5 6.7 9.4 1.8 8.1 4.4 5.3 10.1 6.9 9.1 1.9 8.2 4.5 5.2 10.0 6.7 9.1 1.9 8.1 4.4 5.2 9.5 6.6 9.2 1.9 7.8 4.2 5.1 10.1 6.4 9.3 1.9 7.7 4.3 5.1 9.8 6.6 9.3 2.0 7.9 4.6 5.0 8.9 6.6 9.2 1.8 7.8 4.5 5.0 9.7 6.6 9.1 1.9 7.7 4.3 4.8 9.8 6.3 8.8 1.8 7.6 4.2 4.8 9.8 6.4 9.0 1.8 7.6 4.2 4.8 9.5 6.3 8.7 1.8 7.6 4.1 4.5 9.7 6.2 9.2 1.7 7.4 7.2 9.5 13.1 7.7 7.6 7.8 5.1 7.6 5.6 3.9 13.2 7.0 13.5 13.1 7.1 6.9 7.4 5.1 7.6 5.5 3.6 12.5 7.1 10.5 13.0 7.2 6.9 7.6 5.8 7.7 5.6 3.9 12.1 7.1 12.4 12.3 6.9 6.9 6.9 5.5 7.9 5.8 3.6 13.4 7.2 13.6 13.0 7.4 7.3 7.5 5.3 7.9 5.5 3.6 15.3 7.1 17.3 12.4 7.2 7.0 7.5 5.4 7.7 5.5 3.6 13.2 7.1 16.6 13.0 6.9 6.7 7.2 5.5 7.8 5.7 3.3 11.4 6.9 16.6 12.4 6.9 6.8 6.9 4.8 7.5 5.6 3.3 13.3 7.0 13.9 12.9 7.0 6.5 7.7 4.7 7.6 5.6 3.5 12.9 7.0 14.5 13.8 7.3 7.2 7.3 5.2 7.4 5.4 3.7 11.9 7.0 14.5 15.1 7.1 6.6 7.9 4.4 7.2 5.4 3.6 10.1 6.8 14.1 13.7 6.9 6.4 7.7 4.6 7.2 5.1 3.3 11.5 6.7 14.0 12.2 6.8 6.8 6.8 4.8 7.5 5.2 3.6 11.6 6.6 12.4 11.6 6.8 6.8 6.9 4.0 7.2 5.4 3.7 11.2 6.5 9.3 12.5 6.9 6.7 7.3 4.6 7.3 4.9 3.4 10.7 C H A R A C T E R IS T IC IN D U S TR Y Nonagricultural private wage and salary workers .... M ining........................................................................ C o nstruction............................................................. Manufacturing ......................................................... Durable g o o d s ...................................................... Nondurable g o o d s ............................................... Transportation and public utilities ........................ Wholesale and retail tra d e .................................... Finance and service in dustries............................. Government w o rk e rs ................................................... Agricultural wage and salary workers ....................... 1 Aggregate hours lost by the unemployed and persons on part time for economic reasons as a percent of potentially available labor force hours. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 65 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 8. Unemployment rates by sex and age, monthly data seasonally adjusted (Civilian workers) Annua! average Sex and age 1985 1987 1986 Mar. 1986 Apr. June May July Nov. Oct. Sept. Aug. Jan. Dec. Mar. Feb. Total, 16 years and over ........................................................................ 16 to 24 y e a rs ....................................................................................... 16 to 19 y e a rs .................................................................................... 16 to 17 years ................................................................................. 18 to 19 years ................................................................................. 20 to 24 years .................................................................................... 25 years and o v e r................................................................................. 25 to 54 years ................................................................................. 55 years and o v e r ........................................................................... 7.2 13.6 18.6 21.0 17.0 11.1 5.6 5.8 4.1 7.0 13.3 18.3 20.2 17.0 10.7 5.4 5.7 3.9 7.2 13.3 18.4 19.8 17.2 10.7 5.6 5.9 4.2 7.1 13.7 19.3 20.8 18.4 10.8 5.4 5.7 3.9 7.2 13.8 18.8 20.8 17.4 11.2 5.5 5.9 3.7 7.1 13.5 18.9 20.7 17.5 10.7 5.5 5.9 3.8 7.0 13.2 17.9 19.8 16.2 10.8 5.4 5.7 3.8 6.8 12.9 18.0 19.8 16.8 10.3 5.4 5.7 3.7 7.0 13.6 18.5 20.0 17.2 11.1 5.4 5.6 4.0 6.9 13.0 17.7 19.3 16.5 10.5 5.5 5.7 4.1 6.9 12.9 18.2 20.6 16.7 10.2 5.5 5.8 3.8 6.7 12.9 17.3 18.8 16.3 10.7 5.2 5.5 3.5 6.7 13.1 17.7 20.1 16.2 107 5.2 5.6 3.2 6.7 13.1 18.0 20.3 16.6 10.5 5.1 5.5 3.0 6.6 12.9 18.1 20.0 16.5 10.2 5.1 5.4 3.4 Men, 16 years and o v e r .................................................................... 16 to 24 years ................................................................................. 16 to 19 y e a rs ............................................................................... 16 to 17 y e a rs ............................................................................ 18 to 19 y e a rs ............................................................................ 20 to 24 y e a rs ............................................................................... 25 years and o v e r ........................................................................... 25 to 54 y e a rs ............................................................................ 55 years and o v e r...................................................................... 7.0 14.1 19.5 21.9 17.9 11.4 5.3 5.6 4.1 6.9 13.7 19.0 20.8 17.7 11.0 5.4 5.6 4.1 7.0 13.7 19.2 20.5 18.3 11.0 5.4 5.7 4.1 6.9 14.2 20.0 21.1 19.2 11.3 5.2 5.5 4.0 7.1 14.5 20.0 21.3 19.1 11.7 5.4 5.7 3.9 7.1 13.9 19.9 20.0 19.4 10.9 5.4 5.7 4.1 7.0 13.6 18.4 20.3 16.7 11.1 5.4 5.7 4.0 6.8 13.3 19.1 20.9 18.0 10.3 5.3 5.6 4.1 7.0 14.3 19.1 21.0 17.5 11.9 5.4 5.5 4.2 7.0 13.2 18.2 19.8 17.0 10.7 5.5 5.7 4.4 6.9 13.4 18.3 21.3 16.2 10.9 5.5 5.7 4.1 6.7 13.4 17.8 19.1 17.0 11.3 5.2 5.5 4.0 6.8 13.4 18.5 21.4 16.9 10.7 5.4 5.7 3.5 6.7 13.6 18.6 21.2 17.0 11.1 5.1 5.4 3.3 6.6 13.2 19.3 20.2 18.6 10.1 5.1 5.4 3.6 Women, 16 years and o v e r ............................................................. 16 to 24 y e a rs ................................................................................ 16 to 19 years ............................................................................. 16 to 17 years .......................................................................... 18 to 19 years .......................................................................... 20 to 24 years ............................................................................. 25 years and o v e r.......................................................................... 25 to 54 years .......................................................................... 55 years and o v e r .................................................................... 7.4 13.0 17.6 20.0 16.0 10.7 5.9 6.2 4.1 7.1 12.8 17.6 19.6 16.3 10.3 5.5 5.9 3.6 7.3 12.8 17.5 19.0 16.2 10.3 5.8 6.1 4.3 7.3 13.1 18.5 20.4 17.6 10.2 5.7 6.0 3.8 7.2 13.1 17.5 20.3 15.5 10.8 5.6 6.0 3.5 7.2 13.0 17.9 21.4 15.6 10.4 5.6 6.0 3.3 7.0 12.7 17.3 19.2 15.6 10.4 5.4 5.8 3.6 6.9 12.4 16.7 18.7 15.4 10.2 5.4 5.8 3.3 7.0 12.8 17.7 18.8 16.9 10.2 5.5 5.8 3.6 6.9 12.7 17.2 18.6 16.0 10.3 5.4 5.7 3.6 6.9 12.4 18.2 19.8 17.2 9.4 5.5 5.8 3.4 6.7 12.4 16.8 18.4 15.7 10.0 5.2 5.5 2.9 6.7 12.7 16.8 18.7 15.3 10.6 5.1 5.5 2.7 6.7 12.4 17.4 19.2 16.1 9.8 5.1 5.6 2.6 6.6 12.5 16.7 19.7 14.2 10.3 5.0 5.4 3.2 9. Unemployed persons by reason for unemployment, monthly data seasonally adjusted (Numbers in thousands) 1987 1986 Annual average . Reason for unemployment 1985 Job losers ...................................................................... On la y o ff...................................................................... Other job lo s e rs ......................................................... Job leavers .................................................................... Reentrants ..................................................................... New e n tra n ts ................................................................. 1986 Mar. June July Sept. Aug. Oct. Nov. Jan. Dec. Mar. Feb. Apr. May 4,139 1,157 2,982 877 2,256 1,039 4,033 1,090 2,943 1,015 2,160 1,029 4,210 1,144 3,066 989 2,196 1,006 4,035 1,057 2,978 1,071 2,188 1,048 4,214 1,118 3,096 979 2,200 1,046 4,272 1,074 3,198 1,009 2,107 1,050 4,063 1,078 2,985 1,025 2,205 989 3,824 1,017 2,807 990 2,199 1,014 4,044 1,029 3,015 1,041 2,145 1,038 3,984 1,072 2,912 1,027 2,190 972 3,947 1,073 2,874 1,056 2,119 1,076 3,890 1,078 2,812 1,036 2,019 1,015 3,971 1,118 2,854 891 2,054 1,084 3,839 998 2,842 1,046 2,042 1,040 3,822 1,011 2,811 1,000 2.111 956 49.8 13.9 35.9 10.6 27.1 12.5 48.9 13.2 35.7 12.3 26.2 12.5 50.1 13.6 36.5 11.8 26.1 12.0 48.4 12.7 35.7 12.8 26.2 12.6 49.9 13.2 36.7 11.6 26.1 12.4 50.6 12.7 37.9 12.0 25.0 12.4 49.1 13.0 36.0 12.4 26.6 11.9 47.6 12.7 35.0 12.3 27.4 12.6 48.9 12.4 36.5 12.6 25.9 12.6 48.7 13.1 35.6 12.6 26.8 11.9 48.1 13.1 35.1 12.9 25.8 13.1 48.9 13.5 35.3 13.0 25.4 12.8 49.6 14.0 35.7 11.1 25.7 13.6 48.2 12.5 35.7 13.1 25.6 13.1 48.4 12.8 35.6 12.7 26.8 12.1 3.6 .8 2.0 .9 3.4 .9 1.8 .9 3.6 .8 1.9 .9 3.4 .9 1.9 .9 3.6 .8 1.9 .9 3.6 .9 1.8 .9 3.4 .9 1.9 .8 3.2 .8 1.9 .9 3.4 .9 1.8 .9 3.4 .9 1.8 .8 3.3 .9 1.8 .9 3.3 .9 1.7 .9 3.3 .7 1.7 .9 3.2 .9 1.7 .9 3.2 .8 1.8 .8 P E R C E N T O F U N E M P LO Y E D Job lo s e rs .................................................................... On la y o ff................................................................... Other job lo s e rs ...................................................... Job le avers.................................................................. Reentrants................................................................... New entrants .............................................................. P E R C E N T OF C IV IL IA N LA BO R FO RCE Job lo s e rs ...................................................................... Job leavers .................................................................... Reentrants ..................................................................... New e n tra n ts ................................................................. 10. Duration of unemployment, monthly data seasonally adjusted (Numbers in thousands) Annual average 1986 1987 Weeks of unemployment 1985 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Less than 5 weeks ............................................... 5 to 14 w e e k s ........................................................ 15 weeks and o v e r ............................................... 15 to 26 weeks .................................................. 27 weeks and o v e r ............................................ 3,498 2,509 2,305 1,025 1,280 3,448 2,557 2,232 1,045 1,187 3,536 2,625 2,243 1,078 1,165 3,565 2,650 2,130 982 1,148 3,610 2,671 2,232 1,065 1,167 3,415 2,650 2,299 1,038 1,261 3,399 2,521 2,250 1,058 1,192 3,436 2,407 2,272 1,068 1,204 3,415 2,524 2,373 1,110 1,263 3,418 2,563 2,168 950 1,218 3,382 2,613 2,217 1,045 1,172 3,355 2,389 2,171 1,023 1,148 3,416 2,530 2,200 1,022 1,178 3,361 2,477 2,131 1,008 1,123 3,383 2,447 2,050 945 1,105 Mean duration in w e e k s ....................................... Median duration in w e e k s .................................... 15.6 6.8 15.0 6.9 14.6 6.8 14.7 6.6 14.8 6.8 15.2 7.2 15.1 7.1 15.6 7.1 15.5 7.1 15.2 7.0 14.8 7.0 15.0 7.1 15.0 7.0 14.6 6.6 14.9 6.6 66 FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11. Unemployment rates of civilian workers by State, data not seasonally adjusted Feb. 1986 Feb. 1987 California...................................................... 9.2 11.5 6.5 9.6 7.7 9.9 12.0 7.8 92 6.7 Colorado ...................................................... Connecticut ................................................. Delaware...................................................... District of Columbia..................................... Florida .......................................................... 7.2 4.3 6.2 7.1 5.4 9.6 4.0 3.5 7.9 5.2 Georgia ........................................................ Hawaii........................................................... Idaho ............................................................ Illinois........................................................... Indiana ......................................................... 5.9 5.7 10.6 10.1 7.9 5.8 4.2 10.8 8.3 7.5 Iowa............................................................. 9.1 6.6 12.6 13.4 6.3 6.0 11.4 14.3 5.9 State Alabama....................................................... Alaska .......................................................... Arizona......................................................... Feb. 1986 Feb. 1987 9.5 7.0 8.3 38 9.7 5.9 6.6 27 6.4 9.2 7.3 5.7 79 4.8 9.8 5.6 5.6 6.3 9.1 8.1 97 8.2 5.3 9.1 8.5 75 6.4 4.7 South Carolina............................................ 7.6 5.5 88 8.8 U tah ....................... 63 6.3 4.7 81 9.2 7.6 State New Jersey................................................. New York.................................................... Ohio ............................................................ Kentucky...................................................... Maine............................................................ 6.6 Pennsylvania............................................... Vermont...................................................... Maryland ........................................................... Massachusetts............................................. Michigan....................................................... Minnesota.................................................... Mississippi.................................................... 5.1 4.3 9.3 7.6 11.2 7.1 5.4 3.9 8.9 6.4 Wisconsin................................................... 12.2 6.7 NOTE: Some data in this table may differ from data published elsewhere because of the continual updating of the 5.1 6.0 8.6 13.1 8.9 5.1 9.4 12.6 8.0 10 3 11.0 5.5 database, 12. Employment of workers on nonagricultural payrolls by State, data not seasonally adjusted (In thousands) State Feb. 1986 Jan. 1987 Alabama................ Alaska ................... Arizona.................. Arkansas ............... California............... 1,444.6 214.5 1,323.7 794.3 11,041.7 1,466.1 204.3 1,363.7 810.2 11,381.8 Colorado............... Connecticut ........... Delaware................ District of Columbia Florida.................... 1,399.8 1,558.3 288.5 630.8 4,542.1 1,391.7 1,615.6 306.3 637.7 4,721.8 Georgia .................. Hawaii.................... Idaho ..................... Illinois .................... Indiana .................. 2,603.7 432.8 325.2 4,679.8 2,162.6 2,719.4 443.1 329.3 4,767.5 2,232.4 Iowa....................... Kansas ................... Kentucky................ Louisiana................ Maine..................... 1,048.2 965.5 1,239.3 1,546.4 455.0 1,073.7 972.2 1,279.9 1,486.5 472.3 Maryland................ Massachusetts...... Michigan................. Minnesota.............. Mississippi.............. Missouri.................. Montana................. 1,879.6 2,916.6 3,580.0 1,832.5 842.5 2,077.0 268.1 1,966.0 2,968.3 3,628.1 1,876.9 846.3 2,107.1 270.5 Feb. 1987P p = preliminary NOTE: Some data in this table may differ from data published elsewhere https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis State 1,467.9 N e bra ska......................................................... 206.3 Nevada ............................................................ 1,375.5 New H am pshire.............................................. 817.5 11,417.5 New J e rs e y ..................................................... New Mexico .................................................... 1,391.7 New Y o rk ......................................................... 1,616.1 North Carolina ................................................ 305.4 North Dakota .................................................. 640.3 4,754.8 Ohio .................................................................. O klaho m a........................................................ 2,723.7 O re g o n ............................................................. 447.1 Pennsylvania................................................... 330.8 Rhode Island................................................... 4,775.2 2,241.0 South C a rolina................................................ South D a k o ta ....................................... 1,085.4 Tennessee ....................................................... 978.5 Texas ................................................................ 1,278.8 Utah .................................................................. 1,482.0 476.3 V e rm o n t............ ............................................... V irg in ia .............................................................. 1,959.3 Washington ..................................................... 2,983.6 West V irg inia................................................... 3,643.2 W iscon sin......................................................... 1,881.3 849.3 W yom ing........................................................... 2,109.4 Puerto Rico ..................................................... 270.2 Virgin Islands ................................................... Feb. 1986 Jan. 1987 Feb. 1987p 637.7 450.0 472.4 647.0 476.6 493.4 648.6 479.2 492.5 3,383.1 521.1 7,727.3 2,681.7 243.6 3,478.3 523.9 7,872.5 2,756.9 243.5 3,470.9 527.6 7,903.7 2,762.8 243.9 4,348.7 1,142.4 1,025.3 4,672.1 429.4 4,466.2 1,124.4 1,051.8 4,749.7 438.1 4,470.1 1,122.5 1,061.0 4,756.0 437.6 1,308.1 242.7 1,868.9 6,641.7 624.0 1,344.7 246.3 1,960.2 6,469.7 630.1 1,352.2 246.7 1,963.4 6,485.4 631.8 228.7 2,470.2 1,718.0 580.5 1,956.6 240.3 2,573.6 1,765.0 586.3 1,991.8 241.2 2,567.0 1,770.0 585.2 1,999.1 196.7 702.9 38.0 186.3 720.8 37.8 185.4 723.6 38.4 because of the continual updating of the database. 67 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 13. Employment of workers on nonagricultural payrolls by industry, monthly data seasonally adjusted (In thousands) 1987 1986 Annual average Industry 1985 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb.'1 Mar.p T O T A L ............................................... P R IV A TE SE C TO R .......................... 97,614 81,199 100,167 83,432 99,484 82,785 99,783 83,072 99,918 83,198 99,843 83,161 100,105 83,508 100,283 83,655 100,560 83,786 100,826 83,956 101,068 84,178 101,322 84,394 101,626 84,708 101,862 84,958 102,026 85,060 G O O D S -P R O D U C IN G ........................ M ining .................................................... 24,930 930 585 24,938 792 464 24,945 852 518 25,038 821 488 24,965 790 461 24,854 772 446 24,869 768 442 24,888 753 431 24,858 743 422 24,865 746 423 24,891 742 420 24,920 738 414 25,008 731 412 25,040 732 414 24,972 735 418 4,687 1,251 4,960 1,307 4,838 1,298 4,972 1,315 4,974 1,314 4,947 1,299 4,980 1,299 5,012 1,306 5,010 1,301 5,001 1,302 4,993 1,307 4,996 1,298 5,109 1,333 5,094 1,322 5,047 1,302 19,314 13,130 19,186 13,023 19,255 13,061 19,245 13,060 19,201 13,025 19,135 12,979 19,121 12,961 19,123 12,971 19,105 12,960 19,118 12,974 19,156 13,020 19,186 13,053 19,168 13,031 19,214 13,078 19,190 13,063 11,516 7,660 11,345 7,495 11,418 7,545 11,415 7,547 11,378 7,519 11,307 7,462 11,294 7,441 11,302 7,458 11,271 7,438 11,266 7,435 11,282 7,452 11,289 7,466 11,265 7,440 11,300 7,480 11,280 7,469 700 493 591 813 727 497 595 768 715 493 594 787 719 494 600 785 719 496 599 780 721 496 597 761 724 498 593 758 729 499 592 751 734 500 594 749 737 500 590 749 743 500 591 751 749 500 594 752 754 503 595 741 755 503 598 753 752 504 594 755 305 1,468 283 1,439 293 1,450 291 1,451 288 1,447 286 1,440 285 1,428 272 1,429 270 1,433 272 1,429 271 1,427 270 1,431 264 1,430 274 1,430 276 1,427 Machinery, except electrica l......... Electrical and electronic equipm ent....................................... Transportation equipm ent............. Motor vehicles and equipment .... Instruments and related products Miscellaneous manufacturing in dustries........................................ 2,182 2,082 2,118 2,111 2,100 2,089 2,079 2,072 2,044 2,039 2,036 2,030 2,029 2,043 2,042 2,207 1,971 876 723 2,169 1,984 843 717 2,177 1,989 858 726 2,177 1,986 854 723 2,175 1,972 839 721 2,143 1,974 839 717 2,169 1,969 824 713 2,168 1,985 839 713 2,162 1,979 834 713 2,167 1,979 824 713 2,166 1,993 837 710 2,164 1,990 832 709 2,156 1,979 826 709 2,154 1,986 836 707 2,147 1,978 823 708 369 367 369 369 369 369 363 364 363 363 365 370 369 371 373 N o ndurable g o o d s ........................... 7,798 5,470 7,841 5,528 7,837 5,516 7,830 5,513 7,823 5,506 7,828 5,517 7,827 5,520 7,821 5,513 7,834 5,522 7,852 5,539 7,874 5,568 7,897 5,587 7,903 5,591 7,914 5,598 7,910 5,594 Food and kindred p roducts.......... Tobacco m anufactures................. Textile mill p ro d u cts....................... Apparel and other textile products.......................................... Paper and allied products ............ 1,608 65 704 1,641 61 709 1,632 63 707 1,633 63 703 1,640 62 705 1,648 62 707 1,645 62 710 1,642 59 711 1,644 60 709 1,644 59 711 1,654 61 717 1,657 60 719 1,654 59 722 1,657 60 727 1,656 59 727 1,125 683 1,115 690 1,117 688 1,119 689 1,113 689 1,106 690 1,108 687 1,108 685 1,110 691 1,113 694 1,112 694 1,124 697 1,123 694 1,116 695 1,116 694 Printing and publishing.................. Chemicals and allied products..... Petroleum and coal products....... Rubber and misc. plastics products.......................................... Leather and leather products ...... 1,435 1,046 178 1,479 1,027 164 1,469 1,031 166 1,472 1,028 166 1,474 1,024 166 1,477 1,026 164 1,483 1,025 163 1,481 1,026 163 1,485 1,025 162 1,491 1,023 161 1,493 1,023 160 1,493 1,020 159 1,500 1,021 159 1,506 1,021 159 1,506 1,019 158 790 166 801 155 804 160 800 157 796 154 797 151 792 152 794 152 797 151 805 151 809 151 815 153 819 152 820 153 821 154 S E R V IC E -P R O D U C IN G .................... T ra n s p o rta tio n and public u tilitie s .................................................. 72,684 75,229 74,539 74,745 74,953 74,989 75,236 75,395 75,702 75,961 76,177 76,402 76,618 76,822 77,054 5,242 3,006 5,286 3,068 5,280 3,053 5,266 3,040 5,265 3,037 5,167 3,035 5,288 3,057 5,255 3,063 5,316 3,088 5,316 3,094 5,351 3,117 5,359 3,125 5,382 3,140 5,389 3,143 5,411 3,162 2,236 2,218 2,227 2,226 2,228 2,132 2,231 2,192 2,228 2,222 2,234 2,234 2,242 2,246 2,249 5,864 3,495 2,369 5,876 3,497 2,379 5,880 3,498 2,382 Oil and gas extraction ................. C o n stru ctio n ....................................... General building contractors....... M a n u fa c tu r in g .................................... Production workers ...................... D u rable g o o d s .................................. Production workers ....................... Lumber and wood p ro d u c ts ......... Furniture and fix tu re s .................... Stone, clay, and glass products ... Primary metal industries ............... Blast furnaces and basic steel products.......................................... Fabricated metal products............ Production w o rke rs........................ Transportation................................. Communication and public u tilitie s............................................. W holesale t r a d e ................................ Durable g o o d s ................................. Nondurable g o o d s .......................... R e tail t r a d e .......................................... General merchandise s to re s ........ Food s to re s ..................................... Automotive dealers and service sta tio n s ........................................... Eating and drinking p la c e s ........... Finance, insurance, and real e s ta te .................................................... F in a n c e ............................................ Insurance......................................... Real e s ta te ...................................... S e r v ic e s ................................................. Business se rvice s........................... Health services ............................... G o v e rn m e n t ........................................ F e d e ra l............................................. State ................................................ L o c a l................................................. 5,740 3,409 2,331 5,853 3,482 2,371 5,841 3,480 2,361 5,864 3,485 2,379 5,872 3,488 2,384 5,829 3,454 2,375 5,849 3,483 2,366 5,863 3,485 2,378 5,859 3,485 2,374 5,864 3,489 2,375 5,859 3,489 2,370 5,859 3,491 2,368 17,360 2,320 2,779 17,978 2,350 2,932 17,828 2,333 2,901 17,851 2,342 2,910 17,911 2,344 2,917 17,944 2,350 2,932 17,992 2,354 2,938 18,030 2,359 2,951 18,065 2,362 2,952 18,143 2,379 2,963 18,197 2,367 2,968 18,206 2,341 2,979 18,289 2,333 2,990 18,376 2,366 3,008 18,411 2,380 3,006 1,892 5,715 1,954 5,921 1,939 5,868 1,940 5,859 1,944 5,889 1,945 5,918 1,950 5,931 1,962 5,923 1,970 5,948 1,973 5,982 1,977 6,006 1,984 6,035 1,988 6,080 1,993 6,092 1,987 6,108 5,953 2,979 1,830 1,144 6,305 3,159 1,934 1,211 6,184 3,095 1,900 1,189 6,228 3,120 1,910 1,198 6,261 3,137 1,918 1,206 6,295 3,159 1,927 1,209 6,334 3,176 1,945 1,213 6,364 3,192 1,952 1,220 6,388 3,202 1,962 1,224 6,409 3,212 1,971 1,226 6,429 3,220 1,979 1,230 6,472 3,236 1,990 1,246 6,495 3,239 2,002 1,254 6,518 3,248 2,009 1,261 6,554 3,255 2,018 1,281 21,974 4,452 6,310 23,072 4,809 6,586 22,707 4,698 6,497 22,825 4,750 6,511 22,924 4,755 6,543 23,072 4,792 6,571 23,176 4,835 6,601 23,255 4,848 6,634 23,300 4,883 6,649 23,359 4,908 6,677 23,451 4,926 6,695 23,578 4,966 6,726 23,670 4,990 6,757 23,759 5,042 6,784 23,832 5,074 6,802 16,415 2,875 3,848 9,692 16,735 2,899 3,937 9,899 16,699 2,923 3,927 9,849 16,711 2,914 3,938 9,859 16,720 2,899 3,936 9,885 16,682 2,875 3,927 9,880 16,597 2,866 3,921 9,810 16,628 2,875 3,919 9,834 16,774 2,901 3,932 9,941 16,870 2,896 3,959 10,015 16,890 2,899 3,965 10,026 16,928 2,907 3,983 10,038 16,918 2,914 3,983 10,021 16,904 2,915 3,984 10,005 16,966 2,924 4,003 10,039 = preliminary NOTE: See notes on the data for a description of the most recent benchmark revision. p 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14. Average weekly hours of production or nonsupervisory workers on private nonagricuitural payrolls by industry, monthly data seasonally adjusted Industry Annual average 1985 1986 1986 P R IV A T E SE C TO R .............................................. 3 4 .9 3 4 .8 C O N S T R U C T IO N .............................................................. 3 7 .7 3 7 .5 M A N U F A C T U R IN G .................................................... 4 0 .5 4 0 .7 Mar. 3 4 .9 4 0 .7 Apr. 3 4 .8 4 0 .7 May June 3 4 .8 - 3 4 .7 - 4 0 .7 4 0 .6 July 3 4 .7 4 0 .6 1987 Aug. 3 4 .8 4 0 .8 Sept. 3 4 .7 4 0 .8 Oct. 3 4 .7 4 0 .7 Nov. 3 4 .8 Dec. 3 4 .6 Jan. 3 4 .8 - - - 4 0 .8 4 0 .8 4 1 .0 Feb.p 3 5 .0 4 1 .2 Mar.p 3 4 .8 4 0 .9 Overtime h o u rs ................................................... 3 .3 3 .4 3 .4 3 .4 3 .4 3 .3 3 .4 3 .5 3 .5 3 .5 3 .5 3 .5 3 .6 3 .6 3 .7 D u ra ble g o o d s ......................................................... 4 1 .2 4 1 .3 4 1 .4 4 1 .3 4 1 .2 4 1 .2 41.1 4 1 .4 4 1 .4 4 1 .3 4 1 .4 4 1 .3 4 1 .6 4 1 .9 4 1 .6 Overtime h o u rs ................................................... Lumber and wood p ro d u c ts................................... Furniture and fix tu re s .............................................. Stone, clay, and glass p ro d u c ts ............................ Primary metal industries ......................................... Blast furnaces and basic steel p ro d u c ts.......... Fabricated metal products ..................................... Machinery except electrical ................................... Electrical and electronic equipm ent...................... Transportation equipm ent....................................... Motor vehicles and equipm ent............................ Instruments and related products ......................... Miscellaneous m anufacturing................................. N o n d u rab le g o o d s .................................................. Overtime h o u rs ................................................... Food and kindred p roducts.................................... Tobacco m anufactures........................................... Textile mill p ro d u c ts................................................ Apparel and other textile products........................ Paper and allied products ...................................... 3 .5 3 .5 3 .6 3 .6 3 .4 3 .5 3 .5 3 .5 3 .6 3 .6 3 .6 3 .6 3 .7 3 .7 3 .8 3 9 .9 4 0 .3 4 0 .2 4 0 .3 4 0 .3 3 9 .9 40.1 4 0 .2 40.1 4 0 .3 4 0 .7 4 0 .4 4 0 .7 4 1.1 4 0 .8 3 9 .4 3 9 .6 3 9 .4 39.1 3 9 .4 3 9 .4 3 9 .4 3 9 .9 4 0 .0 3 9 .8 3 9 .6 3 9 .6 4 0 .2 4 0.1 3 9 .8 4 1 .9 4 2 .3 4 1 .9 4 2 .4 4 2 .3 4 2 .2 4 2 .2 4 2 .5 4 2 .5 4 2 .3 4 1 .9 42.1 4 2 .9 4 3.1 4 2 .5 4 1 .5 4 1 .9 4 1 .9 4 1 .3 4 1 .7 4 1 .6 4 1 .3 4 1 .9 4 2 .0 4 2 .3 4 2 .4 4 2 .5 4 2 .7 4 2 .8 4 2 .7 4 2 .3 41.1 4 1 .6 4 1 .7 4 0 .5 4 1 .5 41.1 4 1 .2 4 1 .5 4 1 .6 4 2 .3 4 2 .5 4 2 .7 4 2 .8 4 2 .4 4 1 .3 4 1 .3 4 1 .4 4 1 .2 41.1 4 1.1 41.1 4 1 .2 4 1 .5 4 1 .2 4 1 .4 41.1 4 1 .5 4 1 .8 4 1 .5 4 1 .5 4 1 .6 4 1 .6 4 1 .8 4 1 .8 4 1 .7 4 1 .4 4 1 .7 4 1 .7 4 1 .6 4 1 .7 4 1 .5 4 2 .0 4 2.1 4 1 .9 4 1 .0 4 1.1 4 1 .0 4 1 .0 41.1 4 1 .2 4 1 .2 4 0 .9 4 1 .0 4 1 .0 4 1 .0 4 1 .4 4 0 .6 4 1 .0 4 0 .8 4 2 .6 4 2 .4 4 2 .7 4 2.1 4 1 .9 4 2 .2 4 2.1 4 2 .6 4 2 .6 42.1 4 2 .3 42.1 4 2 .3 4 2 .8 4 2 .7 4 3 .5 4 2 .7 4 3 .3 4 1 .9 4 1 .8 4 2 .4 4 2 .4 4 2 .8 4 2 .7 42.1 4 2 .6 4 2 .6 4 3 .2 4 3 .5 4 3 .2 4 1 .0 41.1 4 1 .3 4 1 .3 4 0 .9 4 1 .0 4 0 .8 4 1 .0 4 0 .7 41.1 4 1 .2 4 1 .3 4 1 .2 4 1 .4 4 1 .3 3 9 .4 3 9 .6 - - 3 9 .6 3 9 .9 3 9 .9 3 9 .9 3 9 .8 3 9 .8 3 9 .8 4 0 .0 3 9 .9 3 9 .9 - - - 40.1 40.1 40.1 4 0 .4 4 0.1 3.1 3 .3 3 .2 3 .3 3 .4 3 .2 3 .4 3 .4 3 .3 3 .4 3 .5 3 .5 3 .5 3 .5 3 .5 4 0 .0 4 0 .0 3 9 .9 4 0 .2 4 0 .2 4 0 .0 4 0 .0 4 0 .3 3 9 .7 3 9 .8 4 0 .0 3 9 .8 4 0 .0 4 0.1 4 0 .0 3 7 .2 3 7 .6 - - - - _ - - _ _ _ _ _ _ 3 9 .7 4 1 .2 4 0 .7 4 1 .3 41.1 4 0 .8 4 0 .9 4 1 .4 .4 1 .6 4 1 .5 4 1 .5 4 1 .9 4 1 .7 4 2 .3 4 2 .0 3 6 .4 3 6 .7 3 6 .5 3 6 .9 3 6 .5 3 6 .5 3 6 .6 3 6 .5 3 6 .7 3 6 .7 3 6 .9 3 7 .0 3 6 .9 3 7 .6 3 7 .0 43.1 4 3 .3 4 3 .5 4 3 .0 4 3 .2 43.1 4 3 .2 4 3 .5 4 3 .0 4 3 .0 4 3 .2 4 3 .4 4 3 .6 4 3 .6 4 3 .3 3 7 .8 3 8 .0 3 8 .0 3 8 .0 3 8 .0 3 7 .8 3 7 .9 3 8 .0 3 8 .0 3 8 .0 38.1 38.1 3 8 .0 3 8 .3 3 7 .9 Printing and publishing............................................ Chemicals and allied products............................... Petroleum and coal products................................. Leather and leather p ro d u c ts ................................ 4 2 .0 4 1 .9 4 1 .9 4 2 .0 4 1 .9 4 1 .9 42.1 4 2 .0 4 2 .2 4 2 .5 4 2 .2 4 2 .3 4 2.1 4 1 .9 4 3 .0 4 3 .7 4 3 .8 4 3 .6 4 3 .4 4 4 .0 4 3 .5 4 4 .3 4 3 .4 4 3 .7 4 3 .8 4 3 .6 4 5 .0 4 4 .2 4 4 .0 3 7 .2 3 6 .9 - - - - - - T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S ..... 3 9 .5 3 9 .2 3 9 .6 3 9 .2 3 9 .2 39.1 3 9 .2 39.1 W H O LE S A LE T R A D E .................................................... 3 8 .4 3 8 .4 3 8 .5 3 8 .5 3 8 .4 3 8 .3 3 8 .3 3 8 .4 3 8 .2 3 8 .4 3 8 .3 3 8 .2 3 8 .3 3 8 .4 3 8 .3 R E T A IL T R A D E ................................................................ 2 9 .4 2 9 .2 2 9 .3 2 9 .2 2 9 .2 29.1 2 9 .2 2 9 .2 2 9 .2 29.1 2 9 .3 2 8 .9 2 9 .0 2 9 .4 2 9 .2 S E R V IC E S .......................................................................... 3 2 .5 3 2 .5 3 2 .5 3 2 .5 3 2 .5 3 2 .4 3 2 .4 3 2 .4 3 2 .3 3 2 .4 3 2 .5 3 2 .4 3 2 .4 3 2 .5 3 2 .3 - Data not available. p = preliminary https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 1 .9 3 8 .9 39.1 3 9 .3 - - - 3 9 .0 39.1 3 9 .3 3 9 .3 NOTE: See “Notes on the data” for a description of the most recent benchmark adjustment. 69 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 15. Average hourly earnings of production or nonsupervisory workers on private nonagricultural payrolls by industry A n n u al 1987 1986 a v e ra g e Industry P R IV A T E S E C T O R .......................................................... S e a s o n a lly a d ju s te d ...................................................... M a r." 1985 1986 M a r. Apr. M ay June July A ug. S ep t. O ct. N ov. D e c. Jan . Feb.P $ 8 .5 7 $ 8 .7 5 $ 8 .7 3 $ 8 .7 2 $ 8 .7 2 $ 8 .7 1 $ 8 .6 9 $ 8 .7 0 $ 8.8 1 $ 8 .8 1 $ 8 .8 5 $ 8 .8 3 $ 8 .8 8 $ 8 .8 9 8 .7 3 8 .7 2 8 .7 3 8 .7 4 8 .7 3 8 .7 7 8 .7 6 8 .8 0 8 .8 4 8 .8 2 8 .8 4 8 .8 6 8 .8 9 - - $ 8 .9 0 M IN IN G ................................................................................. 1 1 .9 8 1 2 .4 5 1 2 .3 5 1 2 .4 3 1 2 .4 4 1 2 .5 0 1 2 .4 6 1 2.51 1 2 .5 2 1 2.51 1 2 .5 7 1 2 .6 0 1 2 .6 7 1 2 .5 2 12.5 1 C O N S T R U C T IO N .............................................................. 1 2.31 1 2 .4 2 1 2 .2 2 1 2 .2 9 1 2 .3 3 12.31 12.31 1 2 .3 9 1 2 .5 4 1 2 .6 2 1 2 .5 9 1 2 .7 0 1 2 .5 3 1 2 .4 5 1 2 .5 7 M A N U F A C T U R IN G .......................................................... 9 .5 3 9 .7 3 9 .7 2 9 .7 0 9.71 9 .7 0 9 .7 4 9 .6 8 9 .7 3 9 .7 2 9 .7 7 9 .8 4 9 .8 3 9 .8 4 9 .8 5 D u ra ble g o o d s ................................................................. 1 0 .4 0 1 0 .3 8 1 0 .3 9 1 0 .3 9 1 0 .1 0 1 0 .2 9 1 0 .3 0 1 0 .2 8 1 0 .2 8 1 0 .2 6 1 0 .2 7 1 0 .2 2 1 0 .3 0 1 0 .2 8 1 0 .3 3 L u m b e r a n d w o o d p r o d u c ts .......................................... 8 .2 2 8 .3 7 8 .3 3 8 .3 2 8 .3 7 8 .4 3 8 .3 6 8 .4 0 8 .4 2 8 .3 7 8 .3 9 8 .3 6 8 .2 9 8 .3 2 8 .2 8 F u rn itu re a n d f ix t u r e s ........................................................ 7 .1 7 7 .4 4 7 .3 5 7 .3 6 7 .3 9 7 .4 6 7 .4 4 7 .4 6 7 .5 2 7 .5 0 7 .5 2 7 .6 0 7 .5 7 7 .5 6 7 .5 7 1 0 .0 4 1 0 .0 4 1 0 .0 6 1 0 .1 0 1 0 .1 7 S to n e , c la y , a n d g la s s p r o d u c ts ................................. 9 .8 4 1 0 .1 3 1 0 .1 7 1 0 .1 8 1 0 .1 6 P rim a ry m e ta l In d u s tr ie s ................................................. 1 1 .6 8 1 1 .9 3 1 1 .9 9 1 2 .0 0 1 2 .0 2 1 1 .9 4 1 2 .0 6 1 1 .8 5 1 1 .9 2 1 1 .8 4 1 1 .8 7 1 1.91 1 1 .8 6 1 1 .8 9 1 1.9 1 B la s t fu rn a c e s a n d basic s te e l p r o d u c ts ............ 1 3 .3 4 1 3 .8 2 1 3 .8 0 1 3 .8 2 1 3 .8 6 1 3 .8 8 1 4 .0 8 1 3 .8 3 1 3 .9 3 1 3 .7 8 1 3 .7 8 1 3 .8 3 1 3 .6 7 1 3 .7 0 1 3 .6 9 F a b ric a te d m e ta l p r o d u c t s ............................................ 9 .7 0 9 .8 7 9 .8 8 9 .8 4 9 .8 5 9 .8 8 9 .8 4 9 .8 2 9 .8 7 9 .8 6 9 .9 3 1 0 .0 0 9 .9 8 9 .9 8 9 .9 9 M a c h in e ry , e x c e p t e le c trica l ......................................... 1 0 .2 9 1 0 .5 6 1 0 .5 8 1 0 .5 5 1 0 .5 5 1 0 .5 5 1 0 .5 7 1 0 .5 7 1 0 .5 8 1 0 .5 6 1 0 .5 9 1 0 .6 5 1 0.61 1 0 .6 5 1 0 .6 9 1 0 .0 5 9 .9 3 1 0 .0 0 1 0 .0 7 1 0.11 E le c tric a l a n d e le c tro n ic e q u ip m e n t.......................... 9 .4 7 9 .6 7 9 .6 2 9 .6 2 9 .6 4 9.61 9 .6 8 9 .6 7 9 .7 3 9 .7 2 9 .7 5 9 .8 5 9 .8 6 9 .8 5 9 .8 6 T ra n s p o rta tio n e q u ip m e n t............................................... 1 2 .7 2 1 2 .8 6 1 2 .9 0 1 2 .8 3 1 2 .7 9 1 2 .7 8 1 2 .7 8 1 2 .7 5 1 2 .8 7 1 2 .8 7 1 2 .9 2 1 3 .0 0 1 2 .9 8 1 2 .9 5 1 2 .9 5 M o to r v e h ic le s a n d e q u ip m e n t................................. 1 3 .6 6 1 3 .3 6 1 3 .5 0 1 3 .4 9 1 3 .5 2 1 3 .6 3 1 3.6 1 1 3 .4 2 1 3 .5 2 1 3 .5 4 1 3 .4 7 1 3.41 1 3 .4 0 1 3 .6 7 1 3 .6 0 In s tru m e n ts a n d r e la te d p r o d u c t s .............................. 9 .1 6 9 .4 6 9.41 9.41 9 .4 0 9.41 9 .4 7 9 .4 5 9.51 9 .5 4 9.61 9 .6 2 9 .6 2 9 .6 5 9 .6 0 M is c e lla n e o u s m a n u fa c tu rin g ........................................ 7 .3 0 7 .5 6 7.51 7 .5 0 7 .5 4 7 .5 4 7 .5 9 7 .5 2 7 .5 9 7 .6 0 7 .6 5 7.71 7 .7 0 7 .6 9 7 .6 7 N o n d u rab le g o o d s ......................................................... 8.71 8 .9 3 8 .8 8 8 .8 8 8 .9 0 8.91 8 .9 9 8 .9 3 8 .9 6 8 .9 5 9 .0 0 9 .0 6 9 .0 6 9 .0 6 9 .0 9 F o o d a n d kin d re d p r o d u c ts ........................................... T o b a c c o m a n u f a c t u r e s .................................................... 8 .5 7 1 1 .9 4 8 .7 4 1 2 .7 7 8 .7 4 1 2 .7 6 8 .7 5 1 2 .8 4 8 .7 8 1 3 .3 8 8 .7 4 1 3 .6 8 6 .8 7 8 .7 5 1 3 .4 8 6 .9 0 8 .6 5 1 3 .4 4 8 .6 5 12.21 8 .6 8 1 2 .1 0 8 .7 9 1 2 .6 2 8 .8 8 1 2 .8 6 8 .8 9 1 2 .8 9 7 .1 3 8.91 1 3 .3 5 7 .1 3 8 .9 4 1 3 .7 6 6 .9 5 6 .8 6 5 .8 0 5.81 5 .7 8 5 .7 9 5 .7 6 7 .0 5 5 .8 7 5 .8 2 5 .8 3 5 .8 6 5 .8 9 5 .8 9 5 .9 0 P a p e r a n d a llie d p r o d u c t s .............................................. 5.81 1 1 .1 4 6 .9 9 5 .7 9 7 .0 4 5 .7 3 1 0 .8 2 1 1 .0 3 1 1 .0 5 1 1 .1 2 1 1 .1 5 11.31 1 1 .1 7 1 1 .2 0 1 1 .2 0 1 1 .1 7 1 1 .2 4 1 1 .1 7 1 1 .1 8 1 1 .1 5 1 0 .0 8 10.1 1 1 0 .1 4 1 0 .1 4 1 0 .1 6 1 0 .1 7 6 .8 7 6 .8 8 7 .0 7 7 .1 3 7 .1 6 6 .7 1 A p p a re l a n d o th e r te x tile p r o d u c ts ............................ T e x tile mill p r o d u c t s .......................................................... 9 .9 6 1 0 .0 0 1 0 .1 0 C h e m ic a ls a n d a llie d p ro d u c ts ..................................... 1 1 .5 6 1 1 .9 7 1 1 .7 8 1 1 .8 2 1 1 .8 9 1 1 .9 4 1 2 .0 4 1 1 .9 9 1 2 .0 3 1 2 .0 8 1 2 .1 5 1 2 .2 0 1 2 .1 7 1 2 .2 0 1 2 .2 6 P e tro le u m a n d c o a l p r o d u c ts ........................................ 1 4 .0 6 1 4 .1 9 1 4 .2 2 1 4 .1 6 1 4 .0 2 1 4 .1 4 1 4 .1 6 1 4 .0 7 1 4 .2 0 1 4 .1 8 1 4 .2 6 1 4 .3 6 1 4 .4 0 1 4 .3 5 1 4 .5 6 R u b b e r a n d m is c e lla n e o u s p lastics p r o d u c ts ...... 8 .5 4 8 .7 6 8 .7 2 8 .6 8 8 .7 5 8 .7 5 8 .8 2 8.81 8 .7 6 8 .7 6 8.81 8 .8 6 8 .8 7 8 .8 4 8 .8 5 L e a th e r a n d le a th e r p r o d u c t s ...................................... 5 .8 2 5 .9 0 5 .8 6 5 .8 9 5 .8 8 5 .8 8 5 .8 9 5 .9 0 5 .9 3 5 .9 2 5 .9 8 5 .9 8 6 .0 3 5 .9 7 6 .0 4 T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S ..... 1 1 .4 0 1 1 .6 3 1 1 .6 2 1 1 .5 5 1 1 .5 4 1 1 .5 7 1 1.61 1 1.61 1 1 .7 0 1 1 .6 8 1 1 .7 5 11.7 1 1 1 .7 3 1 1 .7 9 1 1 .7 8 W H O LE S A LE T R A D E .................................................... 9 .1 6 9 .3 5 9 .3 3 9 .2 9 9 .2 9 9 .3 2 9 .3 0 9 .3 2 9 .3 7 9 .3 5 9 .4 6 9 .4 7 9 .4 9 9 .5 5 9 .5 1 R E T A IL T R A D E ................................................................ 5 .9 4 6 .0 2 6 .0 3 6.01 6 .0 0 5 .9 9 5 .9 7 5 :9 7 6 .0 5 6 .0 4 6 .0 7 6 .0 5 6 .0 7 6 .0 6 6 .0 5 FIN A N C E , IN S U R A N C E , A N D R E A L E S T A T E ..... 7 .9 4 8 .3 4 8 .3 0 8 .2 9 8.31 8 .3 7 8 .3 0 8 .3 3 8 .3 7 8 .3 8 8 .5 4 8 .4 6 8 .5 8 8.71 8 .6 8 S E R V IC E S .......................................................................... 7 .8 9 8 .1 6 8 .1 8 8 .1 2 8 .1 0 8 .1 0 8 .0 4 8 .0 5 8 .1 9 8 .2 2 8.31 8 .3 1 8 .3 6 8 .4 0 8 .4 0 Printing a n d p u b lis h in g ..................................................... - D a ta n o t a v a ila b le . p = p re lim in a ry 70 FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9.71 9 .9 7 9 .9 0 9 .8 7 9.91 9 .8 8 NO TE: S ee " N o te s b e n c h m a rk revision. on th e d a ta " fo r a d escrip tio n o f th e m ost re c e n t 16. Average weekly earnings of production or nonsupervisory workers on private nonagricultural payrolls by industry A n n u a l a v e ra g e 1986 1987 In d u s try 1985 1986 M a r. Apr. M ay June July A ug. S e p t. O ct. N ov. D e c. J an . F e b ." M a r." P R IV A T E SE C TO R C u rre n t d o lla r s ................................................................... $ 2 9 9 .0 9 $ 3 0 4 .5 0 $ 3 0 2 .9 3 $ 3 0 1 .7 1 $ 3 0 2 .5 8 $ 3 0 3 .9 8 $ 3 0 4 .1 5 $ 3 0 5 .3 7 $ 3 0 6 .5 9 $ 3 0 5 .7 1 $ 3 0 7 .1 0 $ 3 0 8 .1 7 $ 3 0 5 .4 7 $ 3 0 6 .7 1 $ 3 0 7 .9 4 S e a s o n a lly a d ju s t e d .................................................... 3 0 4 .6 8 3 0 3 .4 6 3 0 3 .8 0 3 0 3 .2 8 3 0 2 .9 3 3 0 5 .2 0 3 0 3 .9 7 3 0 5 .3 6 3 0 7 .6 3 3 0 5 .1 7 3 0 7 .6 3 3 1 0 .1 0 3 0 9 .3 7 C o n s ta n t (1 9 7 7 ) d o l l a r s ............................................... 1 7 0 .4 2 1 7 0 .8 8 1 7 1 .0 5 1 7 0 .9 4 1 7 0 .8 5 1 7 0 .9 7 1 7 0 .7 8 1 7 1 .3 6 1 7 1 .2 8 1 7 0 .6 9 1 7 1 .2 8 1 7 1 .7 8 1 6 9 .1 4 1 6 9 .1 7 - M IN IN G ................................................................................. 5 1 9 .9 3 5 2 6 .6 4 5 2 2 .4 1 5 2 2 .0 6 5 1 9 .9 9 5 2 5 .0 0 5 1 8 .3 4 5 2 9 .1 7 5 2 9 .6 0 5 2 7 .9 2 5 2 2 .9 1 5 3 6 .7 6 5 4 2 .2 8 5 2 7 .0 9 5 2 2 .9 2 C O N S T R U C T IO N .............................................................. 4 6 4 .0 9 4 6 5 .7 5 4 4 4 .8 1 4 6 2 .1 0 4 6 7 .3 1 4 6 5 .3 2 4 7 1 .4 7 4 7 5 .7 8 4 8 2 .7 9 4 7 9 .5 6 4 5 9 .5 4 4 6 8 .6 3 4 6 7 .3 7 4 5 9 .4 1 4 7 1 .3 8 4 0 2 .8 7 M A N U F A C T U R IN G C u rre n t d o l l a r s .................................................................... 3 8 5 .9 7 3 9 6 .0 1 3 9 5 .6 0 3 9 2 .8 5 3 9 4 .2 3 3 9 5 .7 6 3 9 1 .5 5 3 9 3 .9 8 3 9 8 .9 3 3 9 6 .5 8 4 0 0 .5 7 4 0 9 .3 4 4 0 1 .0 6 4 0 1 .4 7 C o n s ta n t (1 9 7 7 ) d o lla r s ................................................. 2 1 9 .9 3 2 2 2 .2 3 2 2 3 .3 8 2 2 2 .5 8 2 2 2 .6 0 2 2 2 .3 4 2 2 0 .1 0 2 2 1 .0 9 2 2 2 .8 7 2 2 1 .4 3 2 2 3 .4 1 2 2 8 .1 7 2 2 2 .0 7 2 2 1 .4 4 D u ra b le g o o d s ................................................................. 4 1 6 .1 2 4 2 4 .9 8 4 2 6 .4 2 4 2 3 .5 4 4 2 3 .5 4 4 2 4 .7 6 4 1 7 .9 9 4 2 0 .0 4 4 2 8 .4 8 4 2 4 .5 6 4 2 9 .7 3 4 3 8 .8 8 4 3 0 .7 7 4 3 0 .1 5 4 3 2 .2 2 L u m b e r a n d w o o d p r o d u c t s .......................................... 3 2 7 .9 8 3 3 7 .3 1 3 3 3 .2 0 3 3 4 .4 6 3 3 8 .9 9 F u rn itu re a n d f ix t u r e s ........................................................ 2 8 2 .5 0 2 9 4 .6 2 2 8 8 .1 2 2 8 6 .3 0 2 8 8 .2 1 2 9 4 .6 7 2 8 7 .9 3 2 9 8 .4 0 3 0 3 .8 1 3 0 3 .0 0 3 0 0 .8 0 3 1 0 .8 4 2 9 9 .7 7 2 9 7 .1 1 2 9 9 .7 7 S to n e , c la y , a n d g la s s p r o d u c ts .................................. 4 1 2 .3 0 4 2 5 .1 2 4 9 9 .8 7 4 1 2 .1 0 4 2 5 .0 0 4 2 8 .7 1 4 2 9 .7 1 4 2 7 .5 5 4 3 2 .0 0 4 3 5 .7 4 4 3 1 .2 7 4 2 4 .4 5 4 2 7 .1 4 4 2 4 .5 1 4 2 4 .6 9 4 2 8 .1 6 P rim a ry m e ta l In d u s t r ie s ................................................. 5 0 4 .7 8 4 9 9 .2 0 3 4 2 .2 6 3 3 4 .4 0 3 4 1 .0 4 3 4 2 .6 9 3 3 8 .9 9 3 3 8 .1 2 3 3 8 .5 8 3 3 1 .6 0 3 3 6 .1 3 3 3 6 .1 7 B la st fu rn a c e s a n d b a s ic s te e l p r o d u c ts ............ 4 8 4 .7 2 5 4 8 .2 7 5 7 4 .9 1 5 7 6 .8 4 5 6 9 .3 8 5 7 6 .5 8 5 7 7 .4 1 5 8 2 .9 1 5 6 9 .8 0 5 7 9 .4 9 5 7 1 .8 7 5 8 0 .1 4 5 9 0 .5 4 5 7 8 .2 4 5 8 2 .2 5 5 8 0 .4 6 F a b ric a te d m e ta l p r o d u c t s ............................................. 4 0 0 .6 1 4 0 7 .6 3 4 0 9 .0 3 4 0 3 .4 4 4 0 4 .8 4 4 0 6 .0 4 3 9 8 .5 2 4 0 2 .6 2 4 1 0 .5 9 4 0 7 .2 2 4 1 2 .1 0 4 2 1 .0 0 4 1 3 .1 7 4 1 2 .1 7 4 1 4 .5 9 4 3 9 .9 4 4 3 1 .2 6 4 4 5 .6 2 5 0 1 .2 3 4 9 9 .0 9 4 9 5 .6 7 4 9 1 .7 8 5 0 1 .8 3 4 9 6 .1 0 5 0 3 .2 9 5 1 2 .1 3 5 0 5 .2 4 5 0 8 .8 9 5 0 9 .7 5 M a c h in e ry , e x c e p t e le c tric a l ......................................... 4 2 7 .0 4 4 3 9 .3 0 4 4 2 .2 4 4 3 7 .8 3 4 3 7 .8 3 4 3 6 .5 4 4 4 1 .1 9 4 3 8 .2 4 4 4 3 .7 2 4 5 4 .7 6 4 4 7 .3 0 4 5 0 .0 5 E le c tric a l a n d e le c tro n ic e q u ip m e n t .......................... T ra n s p o rta tio n e q u ip m e n t ............................................... 3 8 4 .4 8 3 9 6 .4 7 3 9 5 .3 8 3 9 2 .5 0 3 9 3 .3 1 3 9 4 .0 1 3 9 1 .0 7 3 9 5 .5 0 4 0 1 .8 5 3 9 7 .5 5 4 0 3 .6 5 4 1 4 .6 9 4 0 5 .2 5 4 0 3 .8 5 4 0 3 .2 7 5 4 1 .8 7 5 4 5 .2 6 5 5 2 .1 2 5 4 2 .7 1 5 3 7 .1 8 5 4 0 .5 9 5 3 0 .3 7 5 3 1 .6 8 5 4 4 .4 0 5 4 0 .5 4 5 4 9 .1 0 5 6 4 .2 0 5 5 1 .6 5 5 5 0 .3 8 5 5 4 .2 6 M o to r v e h ic le s a n d e q u ip m e n t................................. 5 8 3 .7 7 5 7 7 .3 0 5 9 2 .8 4 5 7 4 .1 0 5 6 7 .0 9 5 7 2 .6 1 5 6 0 .1 2 5 5 5 .7 8 5 7 3 .7 5 5 6 7 .9 3 5 7 5 .9 5 5 9 9 .7 2 5 9 0 .5 4 5 8 4 .8 0 5 8 9 .3 1 4 0 6 .9 3 3 9 6 .3 4 3 9 7 .5 8 3 9 7 .4 4 In s tru m e n ts a n d re la te d p r o d u c t s .............................. 3 7 5 .5 6 3 8 8 .8 1 3 8 9 .5 7 3 8 5 .8 1 3 8 2 .5 8 3 8 5 .8 1 3 8 2 .5 9 3 8 4 .6 2 3 8 8 .9 6 3 9 0 .1 9 3 9 8 .8 2 M is c e lla n e o u s m a n u fa c tu r in g ........................................ 2 8 7 .8 2 2 9 9 .3 8 2 9 9 .6 5 2 9 7 .7 5 2 9 7 .0 8 2 9 8 .5 8 2 9 4 .4 9 2 9 4 .7 8 3 0 0 .5 6 3 0 2 .4 8 3 0 7 .5 3 3 1 0 .7 1 3 0 4 .1 5 3 0 1 .4 5 3 0 2 .9 7 N o n d u rab le g o o d s ......................................................... 3 4 4 .9 2 3 5 6 .3 1 3 5 2 .5 4 3 5 1 .6 5 3 5 4 .2 2 3 5 5 .5 1 3 5 6 .0 0 3 5 8 .0 9 3 6 0 .1 9 3 5 8 .0 0 3 6 2 .7 0 3 6 8 .7 4 3 6 2 .4 0 3 6 1 .4 9 3 6 3 .6 0 3 4 9 .4 6 3 4 7 .2 0 3 5 3 .3 6 3 5 8 .7 5 3 5 3 .8 2 3 5 0 .1 6 F o o d a n d k in d re d p r o d u c t s ........................................... 3 4 2 .8 0 3 4 9 .6 0 3 4 4 .3 6 3 4 6 .5 0 3 5 2 .0 8 3 5 0 .4 7 3 5 0 .0 0 3 5 2 .0 6 T o b a c c o m a n u f a c t u r e s .................................................... 4 4 4 .1 7 4 8 0 .1 5 4 7 8 .5 0 4 6 9 .9 4 5 0 4 .4 3 5 2 3 .9 4 4 8 3 .9 3 4 8 6 .5 3 4 7 0 .0 9 4 7 3 .1 1 4 8 4 .6 1 4 8 4 .8 2 4 8 2 .0 9 4 8 7 .2 8 5 3 9 .3 9 T e x tile m ill p r o d u c t s .......................................................... 2 6 6 .3 9 2 8 6 .3 4 2 7 8 .5 2 2 7 8 .9 2 2 8 2 .0 8 2 8 3 .0 4 2 7 8 .0 7 2 9 0 .7 8 2 9 5 .4 0 2 9 3 .5 7 2 9 6 .2 3 3 0 2 .3 1 2 9 6 .6 1 2 9 8 .0 3 3 0 0 .0 0 3 5 3 .1 3 A p p a re l a n d o th e r te x tile p r o d u c ts ............................ 2 0 8 .5 7 2 1 3 .2 3 2 1 1 .7 0 2 1 1 .4 8 2 1 0 .9 7 2 1 3 .6 5 2 0 9 .0 9 2 1 1 .9 1 2 1 5 .4 3 2 1 4 .7 6 2 1 6 .8 8 2 1 9 .1 6 2 1 6 .7 5 2 1 8 .5 2 2 1 8 .3 0 P a p e r a n d a llie d p r o d u c t s .............................................. 4 6 6 .3 4 4 8 2 .3 6 4 7 7 .6 0 4 7 4 .0 5 4 7 9 .2 7 4 8 0 .5 7 4 8 6 .3 3 4 8 3 .6 6 4 8 4 .9 6 4 8 2 .7 2 4 8 4 .7 8 4 9 6 .8 1 4 8 5 .9 0 4 8 1 .8 6 4 8 0 .5 7 3 8 6 .4 6 P rinting a n d p u b lis h in g ..................................................... 3 6 7 .0 4 3 7 8 .8 6 3 7 7 .1 9 3 7 4 .0 7 3 7 4 .6 0 3 7 0 .5 0 3 7 4 .5 0 3 8 1 .0 0 3 8 6 .8 3 3 8 4 .0 5 3 8 8 .2 2 3 9 3 .4 3 3 8 2 .2 8 3 8 5 .0 6 C h e m ic a ls a n d a llie d p r o d u c ts ..................................... 4 8 4 .3 6 5 0 2 .7 4 4 9 4 .7 6 4 9 5 .2 6 4 9 9 .3 8 5 0 2 .6 7 5 0 2 .0 7 5 0 1 .1 8 5 0 5 .2 6 5 0 6 .1 5 5 1 7 .5 9 5 2 0 .9 4 5 1 4 .7 9 5 1 2 .4 0 5 1 4 .9 2 P e tro le u m a n d c o a l p r o d u c t s .................................... 6 0 4 .5 8 6 2 0 .1 0 6 2 1 .4 1 6 1 5 .9 6 6 0 5 .6 6 6 2 2 .1 6 6 1 8 .7 9 6 2 3 .3 0 6 2 6 .2 2 6 2 1 .0 8 6 2 6 .0 1 6 2 7 .5 3 6 4 3 .6 8 6 2 5 .6 6 6 3 9 .1 8 R u b b e r a n d m is c e lla n e o u s p las tic s p r o d u c t s .............................................................. 3 5 0 .9 9 3 6 1 .7 9 3 6 0 .1 4 3 5 6 .7 5 3 6 0 .5 0 3 6 1 .3 8 3 5 7 .2 1 3 6 2 .9 7 3 6 4 .4 2 3 6 2 .6 6 3 6 7 .3 8 3 7 4 .7 8 3 6 8 .9 9 3 6 6 .8 6 3 6 8 .1 6 L e a th e r a n d le a th e r p r o d u c t s ...................................... 2 1 6 .5 0 2 1 7 .7 1 2 1 2 .7 2 2 1 3 .8 1 2 1 5 .8 0 2 2 1 .6 8 2 1 7 .9 3 2 1 6 .5 3 2 1 8 .2 2 2 1 7 .8 6 2 2 2 .4 6 2 2 7 .8 4 2 2 4 .9 2 2 2 2 .0 8 2 2 6 .5 0 T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S .......................................................................... 4 5 0 .3 0 4 5 5 .9 0 4 5 7 .8 3 4 5 0 .4 5 4 5 0 .0 6 4 5 5 .8 6 4 5 7 .4 3 4 5 7 .4 3 4 5 7 .4 7 4 5 6 .6 9 4 6 1 .7 8 4 5 9 .0 3 4 5 3 .9 5 4 5 9 .8 1 4 6 0 .6 0 W H O LE S A LE T R A D E ..................................................... 3 5 1 .7 4 3 5 9 .0 4 3 5 7 .3 4 3 5 5 .8 1 3 5 6 .7 4 3 5 8 .8 2 3 5 8 .0 5 3 5 8 .8 2 3 5 8 .8 7 3 5 9 .0 4 3 6 3 .2 6 3 6 3 .6 5 3 6 1 .5 7 3 6 2 .9 0 3 6 2 .3 3 R E T A IL T R A D E ................................................................ 1 7 4 .6 4 1 7 5 .7 8 1 7 4 .2 7 1 7 3 .6 9 1 7 4 .6 0 1 76 .71 1 7 8 .5 0 1 7 8 .5 0 1 7 6 .6 6 1 7 5 .1 6 1 7 6 .6 4 1 7 8 .4 8 1 7 2 .3 9 1 7 3 .9 2 1 7 4 .2 4 F IN A N C E , IN S U R A N C E , A N D R E A L ES TA T E .............................................................................. 2 8 9 .0 2 3 0 4 .4 1 3 0 4 .6 1 3 0 1 .7 6 3 0 1 .6 5 3 0 6 .3 4 3 0 2 .9 5 3 0 4 .8 8 3 0 4 .6 7 3 0 6 .7 1 3 1 3 .4 2 3 0 9 .6 4 3 1 3 .1 7 3 1 7 .9 2 3 1 5 .9 5 S E R V IC E S .......................................................................... 2 5 6 .4 3 2 6 5 .2 0 2 6 5 .0 3 2 6 3 .0 9 2 6 2 .4 4 2 6 4 .0 6 2 6 3 .7 1 2 6 4 .0 4 2 6 4 .5 4 2 6 6 .3 3 2 6 9 .2 4 2 6 9 .2 4 2 6 9 .1 9 2 7 1 .3 2 2 7 0 .4 8 " D a ta n o t a v a ila b le . = p re lim in a ry https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NO TE: revision. S e e " N o te s o n th e d a ta " fo r a d escrip tio n o f th e m o s t re c e n t b e n c h m a rk 71 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 17. The Hourly Earnings Index for production or nonsupervisory workers on private nonagricultural payrolls by industry Seasonally adjusted Not seasonally adjusted Industry P R IV A T E S E C T O R (in c u r r e n t d o l l a r » ) ................................. M in in g '................................................................................. C onstruction........................................................................ M anufacturing..................................................................... Transportation and public u tilitie s ................................... Wholesale tr a d e '................................................................ Retail trade ......................................................................... Finance, insurance, and real e s ta te '.............................. S e rvices............................................................................... P R IV A T E S E C T O R (In c o n s t a n t d o lla r » ) .............................. Mar. Jan. Feb. Mar. Mar. Nov. Dec. Jan. Feb. 1986 1987 1987p 1987p 1986 1986 1986 1987 1987p 1 6 8 .5 1 7 1 .3 1 7 1 .8 1 6 8 .5 _ 1 7 0 .8 _ 1 7 0 .6 _ 1 7 0 .7 _ 1 7 1 .4 1 7 1 .8 180.1 1 8 2 .0 1 8 0 .5 1 8 1 .0 _ _ 1 4 8 .3 1 5 2 .0 1 5 1 .0 1 5 2 .6 1 4 9 .2 1 5 4 .0 1 5 3 .9 1 5 1 .7 1 5 1 .0 1 5 3 .5 1 7 1 .9 174.1 1 7 4 .2 1 7 4 .3 1 7 1 .8 1 7 3 .2 1 7 3 .5 1 7 3 .4 1 7 3 .9 174 .1 1 6 9 .8 172.1 1 7 3 .2 1 7 2 .8 1 7 1 .2 1 7 1 .5 1 7 2 .5 1 7 3 .0 1 7 4 .9 1 7 5 .8 1 7 5 .3 1 7 0 .2 - 1 7 1 .2 1 7 1 .9 - “ “ “ “ 1 5 7 .7 1 5 8 .8 1 59.1 1 5 7 .4 1 5 9 .3 1 5 9 .3 1 5 8 .4 1 5 8 .6 1 5 8 .8 1 8 7 .0 - - - - “ 1 7 8 .9 1 7 4 .0 1 7 6 .6 1 7 5 .8 1 7 6 .9 1 78 .1 9 5 .0 9 5 .3 9 5 .0 9 4 .4 9 4 .4 1 7 9 .2 1 8 4 .7 159.1 1 8 7 .4 1 7 4 .0 1 7 8 .0 1 7 8 .8 9 5 .2 9 4 .8 9 4 .7 1 This series is not seasonally adjusted because the seasonal component is small relative to the trend-cycle, irregular components, or both, and consequently cannot be separated with sufficient precision. - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 7 1 .8 Mar. 1 9 8 7» - 1 7 8 .9 - p = preliminary. NOTE: See “ Notes on the data" for a description of the most recent benchmark revision. 18. Indexes of diffusion: industries in which employment increased, data seasonally adjusted (In p e rc e n t) Jan . T im e s p an a n d y e a r Apr. M a r. Feb. O v e r 1-m o n th sp an: D ec. N ov. O ct. S ep t. Aug. July June M ay ................................................................................ 5 2 .4 4 7 .8 5 3 .8 4 9 .2 5 1 .6 4 7 .0 5 6 .2 5 6 .8 5 0 .8 6 1 .9 5 7 .6 5 9 .5 1 9 8 6 .............................................................................................. 5 9 .7 5 3 .5 4 5.1 54.1 4 9 .2 4 6 .2 5 4 .6 5 4 .3 5 4 .9 55.1 6 2 .7 6 2 .4 1 9 8 7 .............................................................................................. 5 1 .6 6 3 .0 4 9 .7 “ 1985 " O v e r 3 -m o n th span: ...................................................................... 51.1 4 9 .7 4 6 .2 4 6 .2 45.1 5 1 .4 4 9 .7 51.1 55.1 5 5 .9 6 1 .4 6 0 .5 1 9 8 6 .............................................................................................. 58.1 5 4 .3 51.1 4 9 .7 4 8 .4 4 4 .9 4 7 .3 54.1 5 4 .9 6 2 .4 65.1 6 3 .0 1 9 8 7 .............................................................................................. 6 2 .7 5 7 .3 1985 ' O v e r 6 -m o n th span: ................................................................................... 4 9 .2 4 7 .8 4 3 .0 4 5 .9 4 4 .3 4 4 .3 4 8 .9 5 0 .8 54.1 5 7 .0 5 7 .0 5 5 .9 1 9 8 6 .............................................................................................. 5 3 .8 5 3 .8 4 7 .6 4 5 .9 4 5 .9 4 8 .6 4 9 .7 5 5 .4 61.1 6 0 .5 6 3 .5 6 0 .8 4 8 .9 4 8 .6 1985 “ 1 9 8 7 .............................................................................................. O v e r 1 2 -m o n th span: 1 9 8 5 .............................................................................................. 4 6 .2 4 5 .7 4 6 .8 4 3 .8 4 4 .9 4 7 .3 4 7 .6 4 8 .9 4 7 .3 4 9 .5 1 9 8 6 .............................................................................................. 5 0 .3 51.1 5 2 .2 5 2 .4 5 2 .7 5 4 .6 5 3 .5 55.1 5 5 .9 “ ~ 1 9 8 7 .............................................................................................. " D a ta n o t a v a ila b le . NO TE: s p an s . F ig u re s a re th e p e rc e n t o f industries w ith e m p lo y m e n t rising. (H a lf o f th e u n c h a n g e d c o m p o n e n ts a re c o u n te d a s rising.) D a ta a re c e n te re d w ithin th e 19. D a ta fo r th e 2 m o s t re c e n t m o n th s s h o w n in e a c h sp an a re prelim inary. S e e th e “ D e fin itio n s " in this sec tio n . S e e " N o te s o n th e d a ta fo r a d escrip tio n of th e m o s t re c e n t b e n c h m a rk revision. Annual data: Employment status of the noninstitutional population (N u m b e rs in th o u sa n d s ) 1979 1980 1981 1982 1983 1984 1985 1986 1 6 3 ,5 4 1 1 6 6 ,4 6 0 1 6 9 ,3 4 9 1 7 1 ,7 7 5 1 7 3 ,9 3 9 1 7 5 ,8 9 1 1 7 8 ,0 8 0 1 7 9 ,9 1 2 1 8 2 ,2 9 3 T o ta l (n u m b e r )................................................................... 1 0 3 ,8 8 2 1 0 6 ,5 5 9 1 0 8 ,5 4 4 1 1 0 ,3 1 5 1 1 1 ,8 7 2 1 1 3 ,2 2 6 1 1 5 ,2 4 1 1 1 7 ,1 6 7 1 1 9 ,5 4 0 P e rc e n t o f p o p u la tio n .................................................... 6 3 .5 6 4 .0 64.1 6 4 .2 6 4 .3 6 4 .4 6 4 .7 6 5.1 6 5 .6 T o ta l (n u m b e r ) ........................................................... 9 7 ,6 7 9 1 0 0 ,4 2 1 1 0 0 ,9 0 7 1 0 2 ,0 4 2 1 0 1 ,1 9 4 1 0 2 ,5 1 0 1 0 6 ,7 0 2 1 0 8 ,8 5 6 1 1 1 ,3 0 3 P e rc e n t o f p o p u la tio n ............................................ 5 9 .7 6 0 .3 5 9 .6 5 9 .4 5 8 .2 5 8 .3 5 9 .9 6 0 .5 61.1 R e s id e n t A rm e d F o r c e s ..................................... 1,6 3 1 1 ,5 9 7 1 ,6 0 4 1 ,6 4 5 1 ,6 6 8 1 ,6 7 6 1 ,6 9 7 1 ,7 0 6 1 ,7 0 6 T o t a l ......................................................................... A g r ic u ltu r e .......................................................... 9 6 ,0 4 8 3 ,3 8 7 9 8 ,8 2 4 9 9 ,3 0 3 1 0 0 ,3 9 7 9 9 ,5 2 6 1 0 0 ,8 3 4 1 0 5 ,0 0 5 1 0 7 ,1 5 0 1 0 9 ,5 9 7 N on a g ricu ltu ral in d u s trie s ........................... 9 2 ,6 6 1 3 ,3 4 7 9 5 ,4 7 7 3 ,3 6 4 9 5 ,9 3 8 3 ,3 6 8 9 7 ,0 3 0 3 ,4 0 1 9 6 ,1 2 5 3 ,3 8 3 9 7 ,4 5 0 3 ,3 2 1 1 0 1 ,6 8 5 3 ,1 7 9 1 0 3 ,9 7 1 3 ,1 6 3 1 0 6 ,4 3 4 T o ta l (n u m b e r ).......................................................... 6 ,2 0 2 6 ,1 3 7 7 ,6 3 7 8 ,2 7 3 1 0 ,6 7 8 1 0 ,7 1 7 8 ,5 3 9 8 ,3 1 2 8 ,2 3 7 P e rc e n t o f lab o r f o r c e .......................................... 6 .0 5 .8 7 .0 7 .5 9 .5 9 .5 7 .4 7.1 6 .9 5 9 ,9 0 0 6 0 ,8 0 6 6 1 ,4 6 0 6 2 ,0 6 7 6 2 ,6 6 5 6 2 ,8 3 9 6 2 ,7 4 4 6 2 ,7 5 2 E m p lo y m e n t s tatu s N o n in s titu tio n al p o p u la tio n ................................................ 1978 L a b o r force: E m p lo ye d : C ivilian U n e m p lo ye d : N o t in lab o r fo rc e (n u m b e r) .......................................... 20. 5 9 ,6 5 9 Annual data: Employment levels by industry (N u m b e rs in th o u sa n d s ) Industry 1978 1979 1980 1981 1983 1984 1985 1986 8 9 ,5 6 6 9 0 ,2 0 0 9 4 ,4 9 6 9 7 ,6 1 4 1 0 0 ,1 6 7 T o ta l e m p lo y m e n t.......................................................................................... 8 6 ,6 9 7 8 9 ,8 2 3 9 0 ,4 0 6 P riv a te s e c t o r ................................................................................................ G o o d s -p ro d u c in g ..................................................................................... 7 1 ,0 2 6 7 3 ,8 7 6 7 4 ,1 6 6 7 5 ,1 2 6 7 3 ,7 2 9 7 4 ,3 3 0 7 8 ,4 7 2 8 1 ,1 9 9 8 3 ,4 3 2 2 5 ,5 8 5 2 6 ,4 6 1 2 5 ,6 5 8 2 5 ,4 9 7 2 3 ,8 1 3 2 3 ,3 3 4 2 4 ,7 2 7 2 4 ,9 3 0 2 4 ,9 3 8 M in in g ..................................................................................................... 958 1 ,0 2 7 1 ,1 3 9 1 ,1 2 8 952 966 930 792 C o n s tru c tio n ........................................................................................ 4 ,2 2 9 4 ,4 6 3 4 ,3 4 6 4 ,1 8 8 3 ,9 0 5 3 ,9 4 8 4 ,3 8 3 4 ,6 8 7 4 ,9 6 0 M a n u fa c tu r in g ..................................................................................... 2 0 ,5 0 5 2 1 ,0 4 0 2 0 ,2 8 5 2 0 ,1 7 0 1 8,7 81 1 8 ,4 3 4 1 9 ,3 7 8 1 9 ,3 1 4 1 9 ,1 8 6 S e rv ic e -p ro d u c in g .................................................................................... 6 1 ,1 1 3 6 3 ,3 6 3 6 4 ,7 4 8 6 5 ,6 5 9 6 5 ,7 5 3 6 6 ,8 6 6 6 9 ,7 6 9 7 2 ,6 8 4 7 5 ,2 2 9 T ra n s p o rta tio n a n d public u tilitie s .............................................. 4 ,9 2 3 4 ,9 6 9 5 ,1 3 6 5 ,1 4 6 5 ,1 6 5 5 ,0 8 2 4 ,9 5 4 5 ,1 5 9 5 ,2 4 2 5 ,2 8 6 5 ,2 0 4 5 ,2 7 5 5 ,3 5 8 5 ,2 7 8 5 ,2 6 8 5 ,5 5 5 5 ,7 4 0 5 ,8 5 3 1 4 ,9 8 9 1 5 ,0 3 5 1 5 ,1 8 9 1 5 ,1 7 9 1 7 ,3 6 0 1 7 ,9 7 8 4 ,9 7 5 5 ,1 6 0 5 ,2 9 8 5 ,3 4 1 1 5 ,6 1 3 5 ,4 6 8 1 6 ,5 4 5 F in a n c e , insu ra n c e, a n d re al e s t a t e ......................................... 1 4 ,5 7 3 4 ,7 2 4 5 ,9 5 3 6 ,3 0 5 S e r v ic e s ................................................................................................... 1 6 ,2 5 2 1 7 ,1 1 2 1 7 ,8 9 0 1 8 ,6 1 9 1 9 ,0 3 6 1 9 ,6 9 4 5 ,6 8 9 2 0 ,7 9 7 2 1 ,9 7 4 2 3 ,0 7 2 G o v e r n m e n t......................................................................................... 1 5 ,6 7 2 1 5 ,9 4 7 1 6,2 41 1 6 ,0 3 1 1 5 ,8 3 7 1 5 ,8 6 9 1 6 ,0 2 4 1 6 ,4 1 5 1 6 ,7 3 5 F e d e r a l............................................................................................. S t a t e ................................................................................................. 2 ,7 5 3 2 ,7 7 3 2 ,8 6 6 2 ,7 7 2 2 ,7 3 9 2 ,7 7 4 2 ,8 0 7 2 ,8 7 5 2 ,8 9 9 3 ,4 7 4 3 ,5 4 1 3 ,6 1 0 3 ,6 4 0 3 ,6 4 0 3 ,7 3 4 3 ,8 4 8 3 ,9 3 7 L o c a l ......... ....................................................................................... 9 ,4 4 6 9 ,6 3 3 9 ,7 6 5 9 ,6 1 9 9 ,4 5 8 3 ,6 6 2 9 ,4 3 4 9 ,4 8 2 9 ,6 9 2 9 ,8 9 9 W h o le s a le t r a d e ................................................................................. R e ta il tra d e ........................................................................................... NO TE: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 851 9 1 ,1 5 6 1982 S e e " N o te s o n th e d a ta " fo r a d e sc rip tio n o f th e m o s t re c e n t b e n c h m a rk revision. MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Employment Data 21. Annual data: Average houra and earnings of production or nonsupervisory workers on nonagricultural payrolls, by industry Industry 1978 1979 1980 1981 1982 1983 1984 1985 1986 P riv a te s e c to r A v e ra g e w e e k ly h o u r s .............................................................................. 3 5 .8 3 5 .7 3 5 .3 3 5 .2 3 4 .8 3 5 .0 3 5 .2 3 4 .9 3 4 .8 A v e ra g e hourly e arn in g s (in d o lla r s ) ................................................. 5 .6 9 6 .1 6 6 .6 6 7 .2 5 7 .6 8 8 .0 2 8 .3 2 8 .5 7 8 .7 5 A v e ra g e w e e k ly e arn in g s (in do llars) ............................................... 2 0 3 .7 0 2 1 9 .9 1 2 3 5 .1 0 2 5 5 .2 0 2 6 7 .2 6 2 8 0 .7 0 2 9 2 .8 6 2 9 9 .0 9 3 0 4 .5 0 M ining A v e ra g e w e e k ly hours ....................................................................... 4 3 .4 4 3 .0 4 3 .3 4 3 .7 4 2 .7 4 2 .5 4 3 .3 4 3 .4 A v e r a g e hourly e arn in g s (in d o lla r s ) .......................................... 7 .6 7 8 .4 9 9 .1 7 1 0 .0 4 1 0 .7 7 1 1 .2 8 1 1 .6 3 1 1 .9 8 1 2 .4 5 A v e r a g e w e e k ly e arn in g s (in d o lla r s )......................................... 3 3 2 .8 8 3 6 5 .0 7 3 9 7 .0 6 4 3 8 .7 5 4 5 9 .8 8 4 7 9 .4 0 5 0 3 .5 8 5 1 9 .9 3 5 2 6 .6 4 4 2 .3 C o n stru ctio n A v e ra g e w e e k ly hours ....................................................................... 3 6 .8 3 7 .0 3 7 .0 3 6 .9 3 6 .7 3 7.1 3 7 .8 3 7 .7 A v e ra g e hourly e arn in g s (in d o l l a r s ) .......................................... 8 .6 6 9 .2 7 9 .9 4 1 0 .8 2 1 1 .6 3 1 1 .9 4 1 2 .1 3 1 2.31 3 7 .5 1 2 .4 2 A v e ra g e w e e k ly e arn in g s (in d o lla r s )......................................... 3 1 8 .6 9 3 4 2 .9 9 3 6 7 .7 8 3 9 9 .2 6 4 2 6 .8 2 4 4 2 .9 7 4 5 8 .5 1 4 6 4 .0 9 4 6 5 .7 5 4 0 .7 M a nufacturin g A v e ra g e w e e k ly hours ...................................................................... 4 0 .4 4 0 .2 3 9 .7 3 9 .8 3 8 .9 4 0.1 4 0 .7 4 0 .5 A v e ra g e hourly e arn in g s (in d o lla r s ) .......................................... 6 .1 7 6 .7 0 7 .2 7 7 .9 9 8 .4 9 8 .8 3 9 .1 9 9 .5 3 9 .7 3 A v e ra g e w e e k ly e arn in g s (in d o lla r s )......................................... 2 4 9 .2 7 2 6 9 .3 4 2 8 8 .6 2 3 1 8 .0 0 3 3 0 .2 6 3 5 4 .0 8 3 7 4 .0 3 3 8 5 .9 7 3 9 6 .0 1 T ra n s p o rta tio n and public utilities A v e ra g e w e e k ly hours ...................................................................... 4 0 .0 3 9 .9 3 9 .6 3 9 .4 3 9 .0 3 9 .0 3 9 .4 3 9 .5 3 9 .2 A v e ra g e hourly e arn in g s (in d o lla r s ) .......................................... 7 .5 7 8 .1 6 8 .8 7 9 .7 0 1 0 .3 2 1 0 .7 9 1 1 .1 2 1 1 .4 0 1 1 .6 3 A v e ra g e w e e k ly e arn in g s (in d o lla r s ) ......................................... 3 0 2 .8 0 3 2 5 .5 8 3 5 1 .2 5 3 8 2 .1 8 4 0 2 .4 8 4 2 0 .8 1 4 3 8 .1 3 4 5 0 .3 0 4 5 5 .9 0 3 8 .5 W h o lesale tra d e A v e ra g e w e e k ly hours ....................................................................... 3 8 .8 3 8 .8 3 8 .5 A v e ra g e hourly e arn in g s (in d o lla r s ) .......................................... 5 .8 8 6 .3 9 6 .9 6 7 .5 6 8 .0 9 8 .5 5 8 .8 9 9 .1 6 9 .3 5 A v e ra g e w e e k ly e arn in g s (in d o lla r s )......................................... 2 2 8 .1 4 2 4 7 .9 3 2 6 7 .9 6 2 9 1 .0 6 3 0 9 .8 5 3 2 9 .1 8 3 4 2 .2 7 3 5 1 .7 4 3 5 9 .0 4 2 9 .8 3 8 .3 3 8 .5 3 8 .5 3 8 .4 3 8 .4 R e tail tra d e A v e ra g e w e e k ly hours ...................................................................... 3 1 .0 3 0 .6 3 0 .2 30.1 2 9 .9 A v e ra g e hourly e arn in g s (in d o lla r s ) .......................................... 4 .2 0 4 .5 3 4 .8 8 5 .2 5 5 .4 8 2 9 .8 5 .7 4 5 .8 5 2 9 .4 5 .9 4 6 .0 2 A v e r a g e w e e k ly e arn in g s (in d o lla r s )......................................... 1 3 0 .2 0 1 3 8 .6 2 1 4 7 .3 8 1 5 8 .0 3 1 6 3 .8 5 1 7 1 .0 5 1 7 4 .3 3 1 7 4 .6 4 1 7 5 .7 8 2 9 .2 Finance, insorance , a nd real e s ta te A v e ra g e w e e k ly hours ...................................................................... 3 6 .4 3 6 .2 3 6 .2 3 6 .3 3 6 .2 3 6 .2 3 6 .5 3 6 .4 3 6 .5 A v e ra g e hourly e arn in g s (in d o lla r s ) .......................................... 4 .8 9 5 .2 7 5 .7 9 6.3 1 6 .7 8 7 .2 9 7 .6 3 7 .9 4 8 .3 4 A v e ra g e w e e k ly e arn in g s (in d o lla r s ) ......................................... 1 7 8 .0 0 1 9 0 .7 7 2 0 9 .6 0 2 2 9 .0 5 2 4 5 .4 4 2 6 3 .9 0 2 7 8 .5 0 2 8 9 .0 2 3 0 4 .4 1 S e rv ices A v e ra g e w e e k ly hours ....................................................................... A v e ra g e hourly e arn in g s (in d o lla r s ) ........................................ A v e ra g e w e e k ly e arn in g s (in d o lla r s )......................................... 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 2 .8 3 2 .7 3 2 .6 3 2 .6 3 2 .6 3 2 .7 3 2 .6 i 4 .9 9 5 .3 6 5 .8 5 6.4 1 6 .9 2 7 .8 9 8 .1 6 1 7 5 .2 7 1 9 0 .7 1 2 0 8 .9 7 2 2 5 .5 9 7.31 2 3 9 .0 4 7 .5 9 1 6 3 .6 7 2 4 7 .4 3 2 5 6 .4 3 2 6 5 .2 0 3 2 .5 3 2 .5 22. Employment Cost Index, compensation,1 by occupation and industry group (June 1981 = 100) P e rc e n t c h a n g e 1986 1985 1984 S e rie s D e c. M a r. June S ep t. D e c. M a r. June S e p t. D e c. 3 12 m o n th s m o n th s ended ended D ec. 1 2 3 .9 1 2 5 .5 1 2 6 .4 1 2 8 .4 1 2 9 .2 1 3 0 .6 1 3 1 .5 1 3 3 .0 1 3 3 .8 0 .6 3 .6 1 3 6 .0 1 3 6 .9 .7 4 .0 W o rk e rs , by o c c u p a tio n a l group: 1 2 5 .5 1 2 7 .3 1 2 8 .3 1 3 0 .7 1 3 1 .6 1 33.1 1 3 4 .2 1 2 0 .9 1 2 2 .2 1 2 4 .9 1 2 6 .2 1 2 6 .8 1 2 7 .8 1 2 8 .4 .5 2 .8 1 2 7 .8 123.1 1 2 8 .0 1 2 4 .4 1 2 6 .8 1 3 0 .9 1 3 1 .8 133.1 1 3 3 .7 1 3 5 .4 1 3 6 .6 .9 3 .6 1 2 8 .8 1 2 9 .5 .5 3 .2 W o rk e rs , by in dustry division: 1 2 1 .4 1 2 3 .2 1 2 3 .9 1 2 4 .9 1 2 5 .5 1 2 6 .9 128 .1 1 2 2 .0 1 2 3 .9 1 2 4 .6 1 2 5 .5 1 2 6 .0 1 2 7 .7 1 2 8 .7 1 2 9 .3 130,1 .6 3 .3 1 2 5 .5 1 2 6 .9 1 2 7 .9 1 3 0 .7 1 3 1 .5 1 3 2 .9 1 3 3 .7 1 3 5 .6 1 3 6 .5 .7 3 .8 1 3 0 .9 1 3 1 .9 1 3 2 .6 1 3 6 .4 - 1 37.1 - 1 3 8 .8 - 1 3 9 .4 - 1 4 2 .4 - 1 4 3 .6 .8 4 .7 - 1.1 4 .7 - - - - - - 1.1 _ _ _ - 1 2 8 .6 130.1 1 3 0 .3 1 3 4 .2 1 3 4 .8 1 3 6 .8 1 3 8 .0 1 4 0 .6 1 4 1 .6 .7 “ 5 .0 1 2 4 .8 1 2 6 .2 1 2 7 .2 1 2 9 .7 1 3 0 .6 1 3 1 .9 1 3 2 .8 1 3 4 .6 1 3 5 .4 .6 3 .7 1 2 2 .7 1 2 4 .2 1 2 5 .2 1 2 6 .8 1 2 7 .5 1 2 8 .9 1 2 9 .9 1 3 0 .8 1 3 1 .6 .6 3 .2 1 2 8 .8 - 1 2 9 .8 - 1 3 1 .3 - 1 3 2 .5 - 1 3 3 .5 - 1 3 4 .3 .6 3 .5 - .7 3 .6 - - - “ ” " .8 4.1 W o rk e rs , by o c c u p a tio n a l group: 1 2 3 .9 E x e c u tiv e , a d m in is tra tive , a n d m a n a g e ria l o c cu p a tio n s 1 2 5 .8 _ 127.1 _ - - - 1 2 0 .6 1 2 1 .9 1 2 2 .8 -.1 _ A d m in is tra tiv e su p p o rt o c c u p a tio n s , including P rec isio n p ro duction, craft, a n d re p air o c c u p a tio n ........... - 1 2 4 .0 - _ _ 1 2 5 .7 - 1 2 6 .3 ~ - - - 1 2 4 .4 _ _ 1 2 7 .2 _ 1 2 7 .8 “ - - - - H a n d le rs , e q u ip m e n t c le a n e rs , he lp ers , a n d lab o re rs .... .7 3 .6 .5 2 .7 .5 2 .9 .6 2 .7 .3 2 .7 .6 2.1 .9 3.1 1 2 5 .7 1 2 6 .3 1 2 6 .5 1 2 8 .8 1 2 9 .5 1 3 0 .9 131 .1 1 3 2 .3 1 3 3 .5 1 2 1 .2 _ 1 2 2 .0 _ _ 1 2 3 .9 _ _ _ _ _ _ _ _ _ 1 2 3 .0 1 2 3 .8 1 2 4 .6 - 1 2 5 .3 - 1 2 6 .7 - 1 2 7 .8 - 1 2 8 .6 1 2 9 .2 .5 - - .2 2 .8 1 2 9 .3 - 130.1 .6 3 .3 - .5 2 .8 - - .7 4 .0 123 .1 130.1 W o rk e rs , b y in dustry division: _ - 1 2 8 .7 3.1 1 2 5 .5 - 1 2 6 .0 - 1 2 7 .7 - - - _ _ _ _ _ _ _ _ 1 2 8 .7 - 1 2 9 .4 - 1 3 0 .8 - 1 3 1 .6 1 3 2 .7 1 3 3 .5 .6 3 .2 - .1 2 .2 - - - - - -.4 2 .2 _ - - - - - .7 2 .0 - - - - - - .5 2 .6 - 1 2 4 .4 1 3 1 .7 1 2 3 .9 - _ 1 2 5 .2 _ » - _ _ _ 1 2 4 .6 _ - 1 2 6 .4 _ - - - - - - - - - - .3 “ 2 .2 - - 1.0 - .8 1.0 3.1 4 .3 - - - - - 1.3 4 .9 - - - - - « 1 .2 - 1 2 5 .6 1 2 7 .6 1 2 8 .4 1 2 9 .7 1 3 0 .6 1 3 1 .7 1 3 2 .4 1 3 2 .0 1 3 6 .5 1 3 7 .5 1 3 8 .9 1 3 9 .7 1 4 3 .6 1 3 8 .6 1 3 2 .7 1 4 0 .0 1 4 0 .5 1 4 5 .0 1 3 4 .7 1 3 6 .3 1 3 8 .5 _ _ W o rk e rs , by o c cu p a tio n a l group: 1 31.1 1 3 2 .5 1 3 2 .9 1 3 7 .6 1 2 5 .9 128.1 1 2 8 .5 1 3 1 .9 W o rk e rs , b y in dustry division: .5 3.1 1 4 4 .7 .8 5 .2 1 4 6 .0 5 .3 1 3 9 .5 .7 .7 1 4 6 .6 .8 5 .4 141 .1 1 .2 4.4 5.1 1 3 1 .3 1 3 2 .8 1 3 3 .2 1 3 7 .9 1 39.1 1 4 0 .4 1 4 0 .8 1 4 5 .5 1 2 9 .2 131.1 1 3 1 .5 134 .1 1 3 5 .2 1 3 6 .8 1 3 7 .9 - - - - 1 3 9 .4 - 4.1 1 3 3 .4 1 3 3 .7 1 39.1 1 4 0 .3 1 4 1 .5 1 4 1 .7 1 4 7 .6 1 4 8 .4 .7 1 3 2 .0 .5 .6 5 .8 1 5 0 .3 1 4 1 .6 .7 5 .0 1 3 3 .5 1 2 8 .6 _ 1 3 4 .4 1 3 4 .6 1 4 0 .9 1 4 2 .0 1 4 3 .0 1 4 3 .2 1 4 9 .4 1 30.1 1 3 0 .3 1 3 4 .2 1 3 4 .8 1 3 6 .8 1 3 8 .0 1 4 0 .6 1 Cost (cents per hour worked) measured in the Employment Cost Index consists of wages, salaries, and employer cost of employee benefits. 2 Consist of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 986 3 Consist of legislative, judicial, administrative, and regulatory 4 Includes, for example, library, social, and health services. - Data not available. 5 .8 activities. MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Compensation and Industrial Relations Data 23. Employment Cost Index, wages and salaries, by occupation and industry group (June 1981 = 100) Percent change 1986 1985 1984 Series Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 12 months ended 3 months ended Dec. 1986 C ivilian w o rk e rs 1 .................................................................................. 121.7 123.1 124.2 126.3 127.0 128.3 129.3 130.7 131.5 0.6 3.5 Workers, by occupational group: White-collar workers ................................................................. Blue-collar w o rkers.................................................................... Service occupations.................................................................. 123.5 118.2 124.3 125.2 119.3 124.8 126.4 120.5 125.3 128.8 122.0 128.0 129.8 122.3 128.6 131.2 123.4 129.8 132.4 124.1 130.0 134.1 125.0 131.7 135.0 125.6 132.8 .7 .5 .8 4.0 2.7 3.3 118.8 119.5 123.4 128.9 - 121.5 122.3 125.8 130.5 127.2 125.0 122.5 123.2 128.6 134.2 131.4 127.6 123.1 123.8 129.4 134.8 132.0 128.4 124.4 125.3 130.7 136.4 133.8 129.6 125.6 126.5 131.5 137.0 134.6 130.4 126.3 127.2 133.4 139.9 137.5 132.2 127.0 127.9 134.2 141.1 138.1 133.0 .6 .6 .6 .9 1.2 1.2 .4 .6 3.2 3.3 3.7 4.7 4.8 125.7 122.6 120.3 121.0 124.7 129.7 127.0 123.9 120.6 122.0 123.3 124.9 125.6 126.8 127.9 128.8 129.5 .5 3.1 122.3 127.3 124.0 127.7 125.5 128.7 127.3 131.2 128.3 131.5 129.6 132.7 131.1 134.0 132.0 135.4 132.7 136.4 .5 .7 3.4 3.7 122.2 111.6 123.8 116.3 126.5 117.4 127.7 119.3 128.4 122.5 130.5 122.4 132.1 124.3 132.4 125.2 133.5 124.9 .8 -.2 4.0 2.0 Workers, by industry division G oods-producing......................................................................... Manufacturing ............................................................................ Service-producing....................................................................... Services ................................................................................... Health se rvices...................................................................... H ospitals................................................................................. Public administration 2 ........................................................... N onm anufacturing..................................................................... P rivate industry w o r k e r s ............................................................ Workers, by occupational group: White-collar w o rk e rs ............................................................ Professional specialty and technical occup ations...... Executive, administrative, and managerial o ccup ations...................................................................... Sales occupations............................................................. Administrative support occupations, including c le ric a l............................................................................... Blue-collar w o rke rs .............................................................. Precision production, craft, and repair occup ations..................................................................... Machine operators, assemblers, and in spectors........ Transportation and material moving occupations....... Handlers, equipment cleaners, helpers, and la b o re rs............................................................................. Service occup ations........................................................... Workers, by industry division: G oods-producing................................................................... Construction ......................................................................... M anufacturing....................................................................... D u rab les............................................................................. Nondurables....................................................................... Service-producing.................................................................. Transportation and public u tilitie s .................................. Transportation.................................................................. Public utilities.................................................................... Wholesale and retail tra d e .............................................. Wholesale trade ............................................................ Retail tra d e ...................................................................... Finance, insurance, and real e s ta te .............................. S e rvices.............................................................................. Health s e rv ic e s ................................................................ H o spitals.......................................................................... - - 4.6 3.6 122.9 124.7 125.6 127.1 127.9 129.6 130.8 131.7 132.7 .8 3.8 118.0 119.1 120.3 121.7 122.0 123.1 123.7 124.5 125.1 .5 2.5 119.4 117.9 114.0 120.8 118.9 114.5 122.0 120.1 115.7 123.7 121.1 117.7 123.8 121.6 117.8 125.3 122.6 118.0 125.7 123.6 118.9 126.7 124.1 119.8 127.4 124.9 120.1 .6 .6 .3 2.9 2.7 2.0 115.9 123.7 116.7 123.8 118.5 124.4 118.6 126.3 119.8 126.6 120.0 128.0 120.3 128.0 120.9 128.9 121.4 130.1 .4 .9 1.3 2.8 118.7 114.4 119.5 119.1 120.2 122.1 120.7 - 120.2 115.5 121.0 120.6 121.6 123.4 121.7 - 121.4 116.6 122.3 122.0 122.6 124.8 122.8 121.1 126.8 118.9 121.7 131.0 - 122.3 117.3 123.2 122.7 124.0 127.0 124.8 122.7 127.7 120.8 124.1 133.9 - 122.9 117.9 123.8 123.4 124.6 127.8 125.2 123.7 128.3 121.9 126.5 134.1 - 124.2 118.3 125.3 124.8 126.1 129.0 126.3 124.5 129.7 122.5 126.6 136.2 - 125.4 119.8 126.5 125.8 127.9 129.9 126.6 125.8 131.2 123.7 128.0 136.9 - 126.1 120.5 127.2 126.4 128.5 130.9 127.3 126.5 131.8 124.4 129.0 138.2 - 126.8 120.8 127.9 127.2 129.3 131.6 127.5 “ 126.9 133.1 124.5 130.0 139.5 “ .6 .2 .6 .6 .6 .5 .2 -.3 .7 .3 1.0 .1 .8 .9 1.5 1.5 3.2 2.5 3.3 3.1 3.8 3.0 1.8 1.3 2.5 2.6 3.7 2.1 2.8 4.0 5.1 - 118.1 122.9 116.2 115.8 129.5 - 118.8 123.7 116.9 122.0 129.9 - - - - - - - ~ “ Nonmanufacturing................................................................ 121.2 122.6 123.9 125.9 126.6 127.7 128.7 129.7 130.4 .5 3.0 S ta te and local g o v e rn m e n t w o r k e r s ................................ 127.1 128.4 128.7 133.2 134.2 135.5 136.0 140.4 141.4 .7 5.4 128.0 122.5 129.3 124.2 129.6 124.5 134.3 127.9 135.3 128.4 136.6 130.4 137.0 131.9 141.8 134.5 142.8 135.1 .7 .4 5.5 5.2 128.1 125.9 129.4 127.7 129.7 128.0 130.2 131.1 127.2 134.5 130.2 135.8 137.5 131.4 135.6 130.9 137.0 138.5 132.0 136.8 132.4 “ 138.0 139.4 133.8 137.1 133.3 138.2 139.4 134.6 142.1 135.8 144.1 145.7 137.5 143.3 137.3 145.1 146.4 138.1 .8 1.1 .5 .7 .5 .4 5.7 4.9 4.1 5.9 5.7 4.6 Workers, by occupational group White-collar w o rk e rs ............................................................ Blue-collar w o rk e rs .............................................................. Workers, by industry division Services ................................................................................ Hospitals and other services 3 ....................................... Health services ................................................................ S ch ools............................................................................... Elementary and s econ dary.......................................... Public administration 2 ....................................................... - 128.7 130.2 125.7 - 129.9 130.8 127.0 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. 76 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 Includes, for example, library, social and health services, - Data not available. 24. Employment Cost Index, private nonfarm workers, by bargaining status, region, and area size (June 1981 =100) Percent change Series Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. 3 months ended 12 months ended Dec. 1986 C O M P E N S A TIO N W o rk e rs , by barga ining s ta tu s 1 Union ................................................................................. Goods-producing ................................................. Service-producing................................................................ Manufacturing .................................................. Nonmanufacturing .............................................................. 123.9 122.9 125.6 123.2 124.5 124.8 123.6 126.7 124.2 125.3 125.5 123.9 128.0 124.2 126.6 126.5 124.6 129.5 125.0 127.8 127.1 125.2 130.2 125.5 128.6 128.4 126.4 131.6 127.0 129.7 128.7 126.7 131.9 126.9 130.4 129.4 127.3 132.8 127.5 131.2 129.8 127.5 133.4 127.9 131.5 0.3 .2 .5 .3 .2 2.1 1.8 2.5 1.9 2.3 N o nunion....................................................................... Goods-producing ....................................................................... Service-producing...................................................................... Manufacturing ............................................................................ N onm anufacturing..................................................................... 121.9 119.6 123.3 120.8 122.4 123.8 122.4 124.7 123.6 123.9 125.0 123.5 125.8 124.8 125.1 126.8 124.4 128.3 125.7 127.3 127.5 125.1 129.0 126.3 128.1 129.0 126.7 130.4 128.1 129.5 130.2 128.2 131.4 129.7 130.4 131.2 129.1 132.5 130.4 131.6 132.1 130.0 133.4 131.4 132.5 .7 .7 .7 .8 .7 3.6 3.9 3.4 4.0 3.4 123.8 122.2 120.8 124.9 125.1 124.2 122.0 126.8 126.4 125.2 122.7 127.9 128.8 126.5 124.2 129.1 129.9 127.2 124.6 129.8 131.6 128.7 125.9 130.8 133.3 129.6 126.2 131.6 134.2 130.7 127.3 132.1 135.2 131.4 128.1 132.8 .7 .5 .6 .5 4.1 3.3 2.8 2.3 123.2 119.8 124.7 121.4 125.7 122.5 127.3 123.9 128.1 123.9 129.5 125.5 130.5 126.4 131.4 127.2 132.2 127.9 .6 .6 3.2 3.2 Union ....................................................................... G oods-producing....................................................................... Service-producing...................................................................... Manufacturing ............................................................................ Nonmanufacturing ..................................................................... 120.9 119.3 123.5 119.5 122.1 121.7 120.0 124.2 120.4 122.8 123.0 121.3 125.7 121.7 124.1 124.1 122.2 127.1 122.8 125.3 124.7 122.7 127.8 123.3 125.9 125.6 123.4 129.0 124.2 126.9 126.1 124.1 129.3 124.6 127.4 126.9 124.5 130.5 125.0 128.5 127.2 124.8 130.9 125.5 128.7 .2 .2 .3 .4 .2 2.0 1.7 2.4 1.8 2.2 N o nunion............................................................. G oods-producing....................................................................... Service-producing...................................................................... Manufacturing ............................................................................ Nonm anufacturing..................................................................... 120.4 118.1 121.6 119.5 120.7 122.1 120.2 123.1 121.5 122.3 123.4 121.4 124.4 122.8 123.6 125.2 122.3 126.9 123.7 125.9 125.9 123.0 127.7 124.4 126.6 127.3 124.5 128.9 126.1 127.8 128.5 126.1 129.9 127.7 128.9 129.4 127.0 130.8 128.5 129.8 130.3 127.8 131.7 129.5 130.6 .7 .6 .7 .8 .6 3.5 3.9 3.1 4.1 3.2 121.9 120.2 118.7 122.5 123.0 122.3 119.6 124.0 124.6 123.4 121.1 125.1 126.8 124.8 122.5 126.6 128.1 125.4 122.9 127.1 129.2 126.8 124.2 128.1 131.3 127.8 124.4 128.9 132.3 128.8 125.3 129.3 133.1 129.4 126.2 130.1 .6 .5 .7 .6 3.9 3.2 2.7 2.4 121.0 118.3 122.4 119.6 123.8 120.6 125.5 121.9 J 126.3 122.0 127.4 123.6 128.5 124.5 129.4 125.0 130.2 125.6 .6 .5 3.1 3.0 W o rk e rs , b y reg io n 1 N ortheast...................................................................... South ........................................................ Midwest (formerly North C e ntral).............................................. W e s t....................................................................................... W o rk e rs , b y a re a size 1 Metropolitan a re a s ...................................................................... Other a re a s ............................................................. W A G E S A N D S A LA R IE S W o rk e rs , by barga ining s tatus 1 W o rkers, by reg io n 1 N ortheast................................................. South ................................................. Midwest (formerly North C e ntral)......................................... W e s t............................................................ W o rk e rs , by a re a s iz e 1 Metropolitan a re a s ............................................. Other a re a s ................................................. 1 The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Labor R eview Technical Employment Cost Index,” May 1982. M onthly Note, “ Estimation procedures for the MONTHLY LABOR REVIEW 25. May 1987 • Current Labor Statistics: Compensation and Industrial Relations Data Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, private Quarterly average Annual average 1986 1985 Measure 1984 1985 3.6 2.8 2.6 2.7 2.4 2.4 2.3 2.7 3.7 .8 3.3 .7 2.0 .9 1.8 .7 S p e c ifie d adjustm ents: Total compensation 1 adjustm ents,2 settlements covering 5,000 workers or more: First year of c o n tra c t............................................. Annual rate over life of c o n tra c t.......................... Wage adjustments, settlements covering 1,000 workers or more: First year of c o n tra c t.......................................... Annual rate over life of c o n tra c t....................... E ffe c tiv e adjustm ents: Total effective wage adjustm ent3 ...................... From settlements reached in period ............... Deferred from settlements reached In earlier perio ds................................................................. From cost-of-living-adjustments c la u s e s ........ compensation or wages. 3 Because of rounding, total may not equal sum of parts. 4 Between - 0.05 and 0.05 percent. 1 Compensation includes wages, salaries, and employers' cost of employee benefits when contract Is negotiated. 2 Adjustments are the net result of increases, decreases, and no changes in 26. Average specified compensation and wage adjustments, major collective bargaining settlements in private industry situations covering 1,000 workers or more during 4-quarter periods (in percent) Average for four quarters ending1986 1985 Measure IV III II I IV III II I Specified total compensation adjustments, settlements covering 5,000 workers or more, all industries: First year of c o n tra c t................................................................................... Annual rate over life of c o n tra c t................................................................ 3.4 2.6 3.4 2.7 3.1 2.7 2.6 2.7 2.3 2.5 1.4 2.0 0.9 1.4 1.1 1.6 2.4 2.5 2.4 2.3 1.3 2.8 2.4 2.3 2.4 2.4 1.5 2.8 2.4 1.9 2.7 2.5 1.8 3.0 2.3 1.6 2.7 2.7 2.5 2.8 2.0 1.6 2.2 2.5 2.5 2.5 1.6 1.8 1.5 2.2 2.5 2.1 1.2 2.2 .8 1.7 2.0 1.6 1.2 1.9 .9 1.8 1.7 1.8 2.1 2.0 2.5 1.4 .9 3.2 2.0 1.9 2.2 1.5 1.0 3.0 1.5 1.5 1.5 1.6 1.4 2.4 .8 .8 .9 1.8 2.1 1.6 .8 .8 .9 1.8 2.1 1.5 .1 .7 -.4 1.4 2.0 .9 -.1 1.1 -2.0 .3 1.1 -.1 -1.2 1.3 -2.8 .2 .9 -.2 2.6 5.1 2.4 2.8 4.0 2.7 2.7 4.3 2.5 2.9 3.8 2.8 3.2 4.0 3.0 3.3 3.9 3.2 3.3 3.6 3.3 3.3 3.6 3.3 2.8 3.5 2.7 3.0 3.6 2.8 2.6 3.4 2.4 2.8 3.3 2.6 2.1 2.7 1.9 2.3 2.5 2.2 2.0 2.1 2.0 2.3 2.1 2.4 .9 4.6 .8 1.4 1.7 1.4 1.1 9.2 1.0 1.7 4.6 1.7 1.6 2.3 1.1 2.4 2.5 1.2 2.6 2.3 1.4 2.4 2.6 1.6 2.6 2.2 1.4 2.3 2.5 Specified wage adjustments, settlements covering 1,000 workers or more: All industries First year of c o n tra c t................................................................................ Contracts with COLA c la u s e s ............................................................... Contracts without COLA clauses ......................................................... Annual rate over life of c o n tra c t............................................................. Contracts with COLA c la u s e s ............................................................... Contracts without COLA clauses ......................................................... Manufacturing First year of c o n tra c t................................................................................ Contracts with COLA c la u s e s ............................................................... Contracts without COLA clauses ......................................................... Annual rate over life of c o n tra c t............................................................. Contracts with COLA c la u s e s ............................................................... Contracts without COLA clauses ......................................................... Nonmanufacturing First year of c o n tra c t................................................................................ Contracts with COLA c la u s e s .............................................................. Contracts without COLA clauses ......................................................... Annual rate over life of c o n tra c t............................................................. Contracts with COLA cla u s e s ............................................................... Contracts without COLA clauses ......................................................... Construction First year of c o n tra c t................................................................................ Contracts with COLA cla u s e s ............................................................... Contracts without COLA clauses ......................................................... Annual rate over life of c o n tra c t............................................................. Contracts with COLA c la u s e s ............................................................... Contracts without COLA clauses ......................................................... Data do not meet publication standards. 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.0 f) 1.5 0 2.2 2.1 1.7 (1) (') (’ ) (1) (’ ) (’ ) (’ ) 0 D 0 2.5 27. Average effective wage adjustments, private industry collective bargaining situations covering 1,000 workers or more during 4-quarter periods (in percent) Average for four quarters ending1986 1985 Effective wage adjustment II III IV 3.1 .6 1.7 .8 2.9 .5 1.8 .7 2.3 .5 1.6 .2 2.3 .5 1.7 .2 4.0 2.9 3.5 2.5 3.8 2.5 3.4 2.0 3.1 1.7 3.8 1.0 2.8 1.6 3.9 1.0 II III IV I 3.5 .9 1.9 .7 3.5 .9 1.8 .8 3.3 .7 1.8 .7 4.2 2.9 3.9 2.3 4.3 2.8 3.7 2.8 4.1 3.4 3.7 2.2 F o r all w o rk e rs :1 T o ta l................................................................................................................ From settlements reached in period ..................................................... Deferred from settlements reached in earlier p e rio d .......................... From cost-of-living-adjustments c la u s e s ............................................... F o r w o rk e rs receiving changes: T o ta l................................................................................................................ From settlements reached In period ..................................................... Deferred from settlements reached in earlier p e rio d .......................... From cost-of-living-adjustments c la u s e s ............................................... 1 Because of rounding, total may not equal sum of parts. 28. Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, State and local government collective bargaining situations covering 1,000 workers or more (in percent) Annual average Measure 1984 1985 1986 52 5.4 42 5.1 62 6.0 Wage adjustments, settlements covering 1,000 workers or more: First year of c o n tra c t.................................................................................................................................................................. Annual rate over life of c o n tra c t............................................................................................................................................... 4.8 5.1 46 5.4 57 5.7 Effective adjustments: Total effective wage adjustment 3 ............................................................................................................................................... From settlements reached in p erio d......................................................................................................................................... Deferred from settlements reached in earlier p e rio d s .......................................................................................................... From cost-of-living-adjustment c la u s e s ..... .............................................................................................................................. 5.0 1.9 3.1 <4) 5.7 4.1 1.6 (4) 5.5 2.4 3.0 (4) Specified adjustments: Total compensation 1 adjustm ents,2 settlements covering 5,000 workers or more: First year of c o n tra c t................................................................................................................................................. Annual rate over life of c o n tra c t............................................................................................................................... 1 Compensation includes wages, salaries, and employers' cost of employee benefits when contract is negotiated. 2 Adjustments are the net result of increases, decreases, and no changes in 29. compensation or wages. 3 Because of rounding, total may not equal sum of parts. 4 Less than 0.05 percent. Work stoppages involving 1,000 workers or more Annual totals 1986 1987P Measure 1985 Number of stoppages: Beginning in p e rio d ....................... In effect during p e rio d ................. Workers involved: Beginning in period (in thousands).................................... In effect during period (in thousands).................................... Days idle: Number (in thousands)................ Percent of estimated working tim e1 .............................................. 54 61 1986 69 72 Mar. Apr. 2 8 May 4 8 June 6 10 Aug. 11 15 13 22 Sept. 10 22 8 17 Nov. Oct. 5 17 Jan. Dec. 2 9 1 6 Feb. 2 7 Mar. 5 7 1 3 323.9 533.1 11.2 7.2 29.7 198.0 46.7 113.3 39.4 44.3 8.7 3.0 7.3 37.6 9.0 584.1 899.5 39.7 18.3 41.9 206.8 83.1 153.0 87.4 109.9 67.8 49.4 46.9 41.6 13.0 7,079.0 11,861.0 367.5 287.1 296.9 3,677.0 859.1 1,371.6 1,225.6 1,423.7 940.4 933.2 828.6 194.1 92.0 .02 .01 .01 .18 .04 .07 .06 .06 .05 .04 .04 .01 .01 .03 .05 1 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’ measure of strike idleness,” M onthly Labor Review , October 1968, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis July pp. 54-56. p = preliminary 79 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Price Data 30. Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, all items (1967=100, unless otherwise indicated) Series Annual average 1987 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 328.4 381.9 326.0 379.1 325.3 378.3 326.3 379.5 327.9 381.4 328.0 381.4 328.6 382.1 330.2 384.1 330.5 384.4 330.8 384.7 331.1 385.1 333.1 387.4 334.4 388.9 335.9 390.7 302.0 309.8 296.8 317.0 263.4 258.0 325.7 361.1 398.8 294.4 451.7 294.2 346.6 229.5 311.8 319.7 305.3 325.8 275.1 258.4 328.7 373.6 411.1 287.8 478.2 301.9 360.1 239.7 307.8 315.4 301.2 322.7 267.7 256.8 319.2 375.7 408.4 290.2 488.0 299.3 355.5 238.8 308.5 316.1 301.5 322.5 264.2 256.8 329.5 376.1 411.4 288.5 487.4 300.2 357.0 239.5 309.4 317.0 302.1 323.8 263.4 257.1 336.5 374.6 411.2 287.2 481.9 301.4 358.8 239.4 309.5 317.1 301.6 326.1 265.1 257.2 327.8 374.1 411.5 287.0 480.0 301.7 360.2 240.1 312.2 320.1 305.5 326.3 274.9 258.4 330.3 373.7 412.4 287.3 478.3 301.8 360.8 240.4 314.6 322.7 308.9 328.2 283.0 258.3 332.1 374.0 413.1 287.8 476.9 303.2 361.8 240.1 315.1 323.2 309.0 328.5 284.7 258.5 329.1 373.7 413.7 285.6 475.7 303.8 363.3 240.4 315.6 323.7 309.5 328.4 284.9 260.0 328.6 374.4 413.4 284.6 477.5 304.7 364.0 240.6 316.4 324.6 309.9 328.5 286.3 261.2 327.8 373.9 412.4 285.4 476.9 303.9 365.8 240.5 317.0 325.2 310.2 329.5 287.3 262.2 328.5 372.2 411.8 286.0 470.2 305.2 367.1 240.8 320.5 328.9 315.2 331.5 289.2 263.3 344.3 378.7 415.8 293.2 482.6 308.4 368.6 242.5 321.6 330.1 316.6 332.7 286.4 264.7 355.2 380.0 415.8 290.3 481.9 312.1 369.6 243.2 321.6 330.0 315.8 333.2 286.5 263.7 352.5 378.6 417.2 294.6 475.4 311.3 370.9 243.6 Housing ................................................................................................... Shelter .................................................................................................. Renters’ costs (1 2 /8 2 = 1 0 0 )........................................................ Rent, reside ntial............................................................................ Other renters’ costs ..................................................................... Homeowners’ costs (12/82 = 1 0 0 )............................................... Owners’ equivalent rent (1 2 /8 2 —100) ..................................... Household insurance (1 2 /8 2 —1 0 0 ).......................................... Maintenance end re p a irs................................................................ Maintenance and repair services .............................................. Maintenance and repair com m odities....................................... Fuel and other u tilitie s ....................................................................„. Fuels ................................................................................................. Fuel oil, coal, and bottled g a s ................................................... Gas (piped) and electricity ......................................................... Other utilities and public s e rv ic e s................................................ Household furnishings and ope ratio ns........................................... H ousefurnishings............................................................................. Housekeeping supp lie s................................................................... Housekeeping services................................................................... 349.9 382.0 115.4 264.6 398.4 113.1 113.2 112.4 368.9 421.1 269.6 393.6 488.1 619.5 452.7 240.7 247.2 200.1 313.6 338.9 360.2 402.9 121.9 280.0 416.2 119.4 119.4 119.2 373.8 430.9 269.7 384.7 463.1 501.5 446.7 253.1 250.4 201.1 319.5 346.6 357.0 397.0 119.6 275.0 405.5 117.9 117.9 118.0 367.5 422.4 266.1 385.5 467.6 549.9 442.3 249.0 249.8 201.0 317.9 345.1 358.0 400.1 120.9 277.9 410.8 118.7 118.7 118.3 367.6 424.6 264.5 381.8 459.6 518.3 439.2 251.3 249.6 200.4 318.5 345.4 358.5 400.9 121.1 278.4 411.3 118.9 118.9 118.8 367.1 425.5 262.9 382.5 460.6 496.8 444.6 251.5 249.9 200.8 318.3 345.8 361.2 401.6 121.6 279.4 415.2 119.0 119.0 118.9 366.6 427.4 260.7 393.8 477.0 486.6 466.0 255.2 250.2 200.8 319.6 346.1 361.5 403.5 122.5 281.2 420.1 119.4 119.4 119.9 369.2 430.1 262.7 389.4 469.2 459.4 462.3 255.6 250.5 201,2 319.5 346.6 362.4 405.2 122.9 281.7 425.7 119.9 119.9 119.9 376.4 434.2 271.3 389.5 469.0 447.3 464.5 255.9 250.5 200.9 319.8 347.4 363.7 407.6 123.6 283.2 429.1 120.7 120.7 120.2 376.2 437.0 268.7 388.3 467 2 453.5 461.1 255.6 251.5 202.2 320.1 347.8 363.0 409.5 124.0 284.6 427.3 121.3 121.3 120.6 379.0 437.5 273.0 379.1 450.3 451.9 441.4 257.1 251.6 202.2 319.8 348.5 361.7 410.2 124.3 285.6 425.5 121.5 121.5 121.1 377.1 433.7 272.9 371.1 437.8 452.0 426.7 255.4 251.2 201.4 320.4 348.5 362.1 410.4 124.2 286.0 418.2 121.6 121.6 121.6 380.0 433.1 278.3 371.0 438.1 460.6 425.3 254.9 252.4 202.5 322.9 349.3 363.9 412.3 125.3 287.1 428.3 122.0 122.0 121.8 382.1 437.7 277.7 373.7 443.7 487.9 428.8 254.9 253.1 203.0 324.6 349.8 365.1 414.0 125.8 288.0 430.8 122.5 122.5 122.0 381.9 436.1 278.8 374.8 445.1 503.2 428.9 255.6 253.5 203.2 325.3 350.6 366.4 415.9 126.4 288.3 438.7 123.0 123.0 122.2 383.4 439.4 278.5 374.9 444.6 500.6 428.7 256.2 254.3 203.8 327.7 351.0 Apparel and u p k e e p ............................................................................. Apparel com m o dities......................................................................... Men's and boys’ app are l................................................................ Women’s and girls’ apparel ........................................................... Infants’ and toddlers’ a p p a re l....................................................... Footw ear........................................................................................... Other apparel com m odities............................................................ Apparel services................................................................................. 206.0 191.6 197.9 169.5 299.7 212.1 215.5 320.9 207.8 192.0 200.0 168.0 312.7 211.2 217.9 334.6 206.3 190.8 198.3 167.6 313.1 210.1 214.6 331.5 207.3 191.7 199.7 168.0 316.6 211.4 215.3 332.9 206.4 190.7 200.2 164.9 318.5 211.5 215.4 333.6 204.5 188.4 198.1 161.3 319.7 210.0 215.8 334.3 203.2 187.0 195.8 159.8 307.5 209.1 218.1 334.6 207.0 191.2 197.8 167.2 310.6 209.6 221.6 334.7 212.1 196.6 203.2 175.7 309.7 212.0 221.1 336.7 213.2 197.6 204.3 176.4 312.0 215.1 219.8 338.3 213.1 197.4 205.3 175.0 307.0 215.1 221.1 339.0 210.9 194.9 202.3 171.7 312.7 214.0 220.0 339.5 207.1 190.9 199.2 166.6 301.8 209.9 223.2 342.5 208.4 192.1 199.9 167.8 304.5 211.0 226.0 343.2 215.2 199.1 203.5 177.0 319.6 216.5 227.4 344.7 Transportation ....................................................................................... Private transportation......................................................................... New ve h icle s.................................................................................... New c a rs ........................................................................................ Used c a r s ......................................................................................... Motor fuel ......................................................................................... G a soline......................................................................................... Maintenance and re p a ir.................................................................. Other private transportation.......................................................... Other private transportation com m o dities................................ Other private transportation services........................................ Public transportation.......................................................................... 319.9 314.2 214.9 215.2 379.7 373.8 373.3 351.4 287.6 202.6 312.8 402.8 307.5 299.5 224.1 224.4 363.2 292.1 291.4 363.1 303.9 201.6 333.9 426.4 309.6 302.1 220.1 220.3 367.2 308.5 307.7 359.3 301.5 203.6 330.3 421.2 303.3 295.3 221.0 221.2 364.8 279.5 278.6 360.6 301.6 202.2 330.9 422.2 305.7 297.8 222.8 223.0 363.6 289.3 288.7 361.3 301.3 202.4 330.4 423.7 308.6 300.8 224.0 224.2 362.5 299.4 299.1 362.1 303.0 201.5 332.8 425.4 304.7 296.5 224.5 224.7 360.3 280.2 279.8 363.4 304.5 201.6 334.6 428.0 301.3 292.8 224.5 224.7 358.0 265.9 265.3 364.3 304.5 201.8 334.6 428.0 302.2 293.7 224.2 224.5 359.5 271.1 270.6 365.0 302.3 200.3 332.3 428.5 302.6 294.1 226.7 227.1 360.6 263.2 262.6 365.7 307.6 198.9 339.3 428.7 304.3 295.8 230.2 230.7 361.0 260.9 260.2 368.4 311.6 200.0 344.1 431.7 304.8 295.9 231.7 232.2 356.6 261.9 261.2 370.7 312.0 200.4 344.5 437.5 308.5 299.8 232.3 233.0 354.6 275.8 275.1 371.3 314.9 202.2 347.7 438.9 310.0 301.3 229.9 230.2 356.9 288.1 287.5 373.0 314.0 201.8 346.7 439.8 310.6 301.9 229.2 229.4 363.0 290.0 289.4 373.0 314.4 202.3 347.0 441.4 Medical c a r e .......................................................................................... Medical care com m o dities................................................................ Medical care services........................................................................ Professional se rvice s...................................................................... Hospital and related s e rv ic e s ........................................................ 403.1 256.7 435.1 367.3 224.0 433.5 273.6 468.6 390.9 237.4 425.8 269.4 460.1 385.0 233.8 428.0 271.3 462.3 386.9 234.2 429.7 272.3 464.2 388.3 234.4 432.0 273.3 466.8 390.3 235.0 434.8 275.4 469.8 391.7 237.4 437.5 276.0 473.0 393.3 239.5 439.7 276.7 475.7 396.1 240.1 442.3 277.5 478.8 398.0 242.3 444.6 278.2 481.5 399.8 243.8 446.8 280.8 483.4 401.0 245.0 449.6 282.4 486.5 403.7 246.7 452.4 283.9 489.6 406.8 248.1 455.0 286.3 492.1 409.6 249.0 E n tertainm ent........................................................................................ Entertainment com m o dities.............................................................. Entertainment se rvice s...................................................................... 265.0 260.6 271.8 274.1 265.9 286.3 271.9 265.0 282.2 272.3 264.8 283.5 272.9 265.3 284.2 273.9 266.1 285.5 274.4 265.8 287.0 274.7 266.1 287.3 275.3 265.9 289.2 276.5 266.7 290.8 277.4 267.6 291.8 277.4 267.4 292.2 278.3 268.1 293.3 278.7 268.1 294.1 279.8 269.9 294.5 Other goods and services ................................................................... Tobacco p ro d u c ts .............................................................................. Personal c a re ...................................................................................... Toilet goods and personal care appliances................................ Personal care s e rv ic e s ................................................................... Personal and educational expenses............................................... School books and supp lie s............................................................ Personal and educational s e rv ic e s.............................................. 326.6 328.5 281.9 278.5 286.0 397.1 350.8 407.7 346.4 351.0 291.3 287.9 295.4 428.8 380.3 440.1 341.1 345.6 290.3 287.3 294.0 417.9 374.3 428.3 341.8 346.5 290.5 287.7 294.1 418.9 374.4 429.5 342.1 346.5 290.9 287.9 294.7 419.5 374.5 430.2 342.6 347.1 291.0 287.0 295.7 420.4 375.7 431.0 344.9 354.3 291.1 287.1 295.8 421.2 375.9 431.9 346.4 356.2 292.3 289.1 296.2 422.9 376.9 433.7 353.3 356.8 292.0 288.2 296.5 445.2 389.4 457.8 354.6 357.2 293.1 289.9 297.1 447.6 392.3 460.2 354.9 357.3 293.4 289.6 297.9 448.2 392.5 460.8 355.2 357.6 293.6 289.6 298.2 448.8 392.6 461.6 358.1 364.9 295.7 291.3 300.8 450.6 400.7 462.8 359.7 368.3 296.4 292.1 301.3 452.0 403.4 464.2 360.3 369.6 296.4 292.0 301.5 452.8 403.9 465.0 1985 1986 All ite m s ..................................................................................................... All items (1 9 5 7 -5 9 -1 0 0 )........................................................................ 322.2 374.7 Food and be ve ra g e s............................................................................ F o o d ...................................................................................................... Food at h o m e .................................................................................. Cereals and bakery pro d u c ts ..................................................... Meats, poultry, fish, and e g g s .................................................... Dairy p ro d u cts............................................................................... Fruits and vegetables................................................................... Other foods at h o m e .................................................................... Sugar and s w e e ts ...................................................................... Fats and o ils ............................................................................... Nonalcoholic beverages............................................................ Other prepared fo o d s ................................................................ Food away from home ................................................................... Alcoholic beverages........................................................................... CO N S U M E R PR IC E IN D E X FO R A L L U R BA N CO NS UM ER S: See footnotes at end of table. 80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 30. Continued— Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, alt items (1967=100, unless otherwise indicated) Series Annual average 1987 1986 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 328.4 283.9 311.8 264.7 265.2 192.0 307.3 270.2 326.0 283.7 307.8 266.7 268.9 190.8 313.6 269.7 325.3 281.2 308.5 262.5 262.0 191.7 302.6 269.2 326.3 282.1 309.4 263.4 263.3 190.7 305.2 269.6 327.9 282.8 309.5 264.3 264.7 188.4 308.4 269.9 328.0 281.9 312.2 261.4 259.8 187.0 301.7 269.6 328.6 281.9 314.6 260.1 258.1 191.2 296.9 269.0 330.2 283.5 315.1 262.3 261.5 196.6 299.5 269.3 330.5 283.6 315.6 262.1 260.4 197.6 297.2 270.5 330.8 284.0 316.4 262.4 260.0 197.4 296.7 271.8 331.1 284.2 317.0 262.4 260.0 194.9 298.0 271.7 333.1 286.3 320.5 263.7 261.8 190.9 304.8 272.4 334.4 287.7 321.6 265.2 265.4 192.1 310.3 271.2 335.9 289.5 321.6 267.9 269.7 199.1 311.9 271.7 381.5 113.9 111.2 337.0 435.1 314.1 400.5 120.2 112.8 356.3 468.6 331.8 394.9 118.5 111.6 352.4 460.1 326.6 396.8 119.4 111.6 353.2 462.3 327.6 397.9 119.7 1123 353.4 464.2 328.2 401.0 119.9 115.2 355.3 466.8 329.2 402.3 120.5 114.9 357.1 469.8 330.1 403.7 120.9 115.3 357.3 473.0 330.8 405.5 121.7 114.9 356.2 475.7 337.9 406.1 122.2 112.9 360.5 478.8 339.5 406.1 122.4 111.0 364.4 481.5 340.3 406.6 122.5 110.8 366.2 483.4 340.8 408.6 123.1 111.3 368.5 486.5 342.2 409.9 123.6 111.5 368.5 489.6 343.1 411.2 124.1 111.5 369.0 492.1 343.7 Special indexes: All items less food ............................................................................. All items less s h e lte r......................................................................... All items less homeowners’ costs (12/82 —1 0 0 ).......................... All items less medical c a re ............................................................... Commodities less fo o d ...................................................................... Nondurables less food ...................................................................... Nondurables less food and apparel ............................................... Nondurables........................................................................................ Services less rent of’ shelter ( 1 2 /8 2 = 1 0 0 ).................................. Services less medical c a r e ............................................................... Energy.................................................................................................. All items less energy ......................................................................... All items less food and energy ....................................................... Commodities less food and e n e rg y ................................................ Energy commodities .......................................................................... Services less ene rgy.......................................................................... 323.3 303.9 109.7 317.7 272.5 277.2 319.2 293.2 113.5 373.3 426.5 314.8 314.4 259.7 409.9 375.9 328.6 306.7 111.2 322.6 263.4 262.2 297.1 289.6 118.7 390.6 370.3 327.0 327.1 263.2 322.4 397.1 326.6 305.2 110.5 320.5 265.2 265.6 302.7 289.5 117.1 385.4 381.3 323.3 323.6 262.0 343.0 391.5 325.7 303.6 110.1 319.7 261.2 259.2 292.9 286.3 117.4 387.2 361.8 324.4 324.8 262.1 313.3 393.8 326.7 304.7 110.4 320.6 262.1 260.5 295.2 287.4 117.8 388.3 367.6 325.0 325.3 262.2 319.3 394.5 328.6 306.5 111.1 322.2 263.0 261.8 298.1 288.2 119.2 391.3 380.6 325.5 325.9 262.0 327.1 395.9 328.0 306.1 111.0 322.1 260.2 257.3 292.2 287.1 119.5 392.5 366.5 326.9 326.9 262.0 306.6 397.7 328.1 306.4 111.2 322.6 259.0 255.6 287.9 287.4 119.8 393.6 358.6 328.3 327.9 262.9 292.4 399.0 330.0 307.9 111.7 324.2 261.1 258.9 290.2 289.4 120.2 395.4 360.6 330.0 329.9 264.5 297.7 401.4 330.2 307.8 111.7 324.4 260.9 257.8 288.1 289.0 120.1 395.7 348.6 331.4 331.6 265.5 290.6 403.7 330.4 308.0 111.8 324.5 261.2 257.4 287.7 289.2 120.0 395.4 341.7 332.3 332.5 266.1 288.5 405.0 330.6 308.3 111.9 324.8 261.2 257.5 288.9 289.5 120.2 395.8 342.4 332.6 332.8 265.8 290.5 405.7 332.2 310.3 112.7 326.7 262.5 259.2 294.9 292.1 120.8 397.6 352.2 334.0 333.6 265.5 306.1 407.5 333.6 311.5 113.1 328.0 264.0 262.6 299.6 294.6 121.1 398.8 359.2 334.9 334.5 265.7 319.2 408.9 335.4 312.9 113.6 329.4 266.5 266.4 301.0 296.8 121.3 400.0 360.0 336.5 336.4 268.4 320.9 410.4 Purchasing power of the consumer dollar: 1 9 6 7 -$ 1 .0 0 ........................................................................................ 1957-59= $1.80 .................................................................................. 31.0 26.7 30.5 2(\.2 30.7 26.4 30.7 26.4 30.6 26.4 30.5 26.2 30.5 26.2 30.4 26.2 30.3 26.0 30.3 26.0 30.2 26.0 30.2 26.0 30.0 25.8 29.9 25.7 29.8 25.6 All items ................................................................................................. All items (1 9 5 7 -5 9 -1 0 0 )........................................................................ 318.5 370.4 323.4 376.1 321.4 373.7 320.4 372.6 321.4 373.7 323.0 375.6 322.9 375.5 323.4 376.1 324.9 377.8 325.0 378.0 325.4 378.4 325.7 378.8 327.7 381.1 329.0 382.6 330.5 384.4 Food and beverages ............................................................................ F o o d ...................................................................................................... Food at home .................................................................................. Cereals and bakery pro d u c ts ...................................................... Meats, poultry, fish, and e g g s ..................................................... Dairy p ro d u cts............................................................................... Fruits and vegetables................................................................... Other foods at h o m e .................................................................... Sugar and sw e e ts ...................................................................... Fats and o ils ............................................................................... Nonalcoholic beverages............................................................ Other prepared fo o d s ................................................................ Food away from home ................................................................... Alcoholic beverages........................................................................... 301.8 309.3 295.3 315.4 262.7 256.9 320.3 361.5 398.3 293.9 453.2 295.7 349.7 232.6 311.6 319.2 303.7 324.2 274.4 257.1 323.8 373.5 410.5 287.2 478.1 303.2 363.4 242.5 307.6 315.0 299.7 321.1 267.2 255.5 314.6 375.6 407.8 289.7 487.4 300.7 358.6 241.4 308.3 315.6 299.9 320.9 263.5 255.5 325.0 376.0 410.9 287.8 487.0 301.6 360.2 242.3 309.0 316.4 300.4 322.1 262.6 255.8 331.6 374.3 410.6 286.6 481.2 302.7 362.0 242.2 309.3 316.6 300.0 324.5 264.2 255.9 323.5 373.9 410.9 286.4 479.5 303.0 363.5 242.9 312.0 319.5 303.9 324.6 274.0 257.0 325.6 373.4 411.9 286.6 477.6 303.1 364.2 243.4 314.5 322.3 307.3 326.7 282.2 256.9 327.2 373.9 412.6 287.1 476.9 304.5 365.2 243.0 315.0 322.8 307.5 326.8 284.0 257.1 324.2 373.5 413.0 285.1 475.5 305.2 366.6 243.4 315.4 323.3 307.9 326.8 284.4 258.6 322.9 374.4 412.8 284.1 477.7 305.9 367.3 243.5 316.2 324.2 308.4 327.0 285.8 259.9 322.2 373.9 411.9 284.5 477.1 305.3 369.2 243.4 316.8 324.8 308.7 328.0 286.6 260.9 323.4 372.2 411.2 285.5 470.3 306.6 370.5 243.9 320.3 328.4 313.4 330.0 288.5 262.0 338.2 378.9 414.9 292.6 483.7 309.7 372.2 245.4 321.3 329.5 314.6 331.2 285.8 263.6 348.2 380.0 414.8 289.9 482.5 313.3 373.2 246.2 321.2 329.4 313.8 331.6 285.6 262.4 346.0 378.8 416.5 293.9 476.9 312.6 374.3 246.5 H o u s in g ................................................................................................... S h e lte r.................................................................................................. Renters' costs (12/84 = 10 0 )....................................................... Rent, residential............................................................................ Other renters’ costs ..................................................................... Homeowners’ costs (12/84 = 1 0 0 )............................................... Owners’ equivalent rent (12/84 = 1 0 0 )..................................... Household insurance (12/84 = 1 0 0 ).......................................... Maintenance and repairs................................................................ Maintenance and repair services .............................................. Maintenance and repair com m odities....................................... Fuel and other u tilitie s ....................................................................... Fuels .................................................................................................. Fuel oil, coal, and bottled g a s ................................................... Gas (piped) and e le c tric ity ......................................................... Other utilities and public s e rv ic e s ................................................ Household furnishings and ope ratio ns........................................... H ousefurnishings............................................................................. Housekeeping supp lie s................................................................... Housekeeping services................................................................... 343.3 370.4 103.6 263.7 397.9 103.1 103.0 103.2 364.1 415.0 261.1 394.7 487.5 622.0 451.6 241.6 243.4 197.6 310.7 340.2 353.2 390.7 109.5 279.1 416.0 108.8 108.8 109.4 369.4 425.3 262.5 385.4 462.7 504.5 445.6 253.8 246.5 198.4 317.1 348.2 350.1 385.0 107.4 274.1 405.4 107.4 107.3 108.2 364.7 416.6 261.1 386.3 467.1 552.8 441.2 249.9 246.0 198.5 315.5 346.6 351.1 388.1 108.6 277.0 411.6 108.1 108.1 108.5 364.6 419.2 259.4 382.6 459.1 521.5 438.0 252.1 246.0 198.1 316.3 347.1 351.6 388.8 108.8 277.5 411.3 108.3 108.3 109.0 363.8 420.0 258.0 383.0 459.7 499.9 443.0 252.2 246.1 198.4 315.7 347.4 354.3 389.4 109.3 278.5 415.5 108.4 108.4 109.1 363.2 422.6 255.7 394.9 477.3 489.9 465.7 255.8 246.2 198.2 316.8 347.8 354.5 391.5 110.0 280.3 420.4 108.8 108.8 110.1 366.7 425.2 259.0 390.3 469.1 462.9 461.4 256.3 246.5 198.4 317.1 348.4 355.4 392.9 110.3 280.8 426.1 109.3 109.2 110.1 371.5 428.6 263.5 390.6 469.3 450.7 464.1 256.6 246.6 198.3 317.3 349.1 356.6 395.2 110.9 282.2 428.9 110.0 110.0 110.4 370.6 430.7 261.1 389.1 467.1 456.6 460.3 256.2 247.5 199.4 317.9 349.5 355.6 397.1 111.4 283.6 426.7 110.5 110.5 110.8 373.1 431.1 264.3 379.3 449.2 454.8 439.6 257.8 247.5 199.3 317.8 350.1 354.3 397.8 111.7 284.6 424.8 110.7 110.7 111.3 372.4 428.2 265.0 371.3 437.1 455.0 425.3 255.8 247.2 198.5 318.4 350.1 354.8 398.1 111.6 285.1 417.3 110.8 110.8 111.7 374.6 428.1 268.0 371.1 437.3 463.5 423.8 255.3 248.5 199.7 320.6 350.8 356.3 399.6 112.3 286.1 424.9 111.1 111.1 111.9 377.3 434.5 267.6 373.9 442.7 489.3 427.4 255.6 248.9 200.0 322.0 351.2 357.5 401.2 112.7 287.0 427.6 111.6 111.5 112.1 376.9 432.5 268.4 374.9 443.7 503.9 427.3 256.5 249.4 200.2 323.1 352.0 358.8 403.2 113.3 287.3 439.0 112.1 112.1 112.4 378.5 436.8 267.9 375.1 443.2 501.4 427.0 257.1 250.1 200.7 325.2 352.3 Apparel and u p k e e p ............................................................................. 205.0 206.5 205.2 206.1 205.1 203.0 201.8 205.9 211.0 211.9 211.5 209.6 205.8 206.9 213.7 1985 1986 All ite m s ..................................................................................................... C om m odities.......................................................................................... Food and beverages.......................................................................... Commodities less food and beverages.......................................... Nondurables less food and beverages ....................................... Apparel com m odities.................................................................... Nondurables less food, beverages, and apparel .................... D urables............................................................................................ 322.2 286.7 302.0 274.6 282.1 191.6 333.3 270.7 S e rvices................................................................................................... Rent of shelter (1 2 /8 2 = 1 0 0 ) .......................................................... Household services less rent of’ shelter ( 1 2 /8 2 - 1 0 0 ) .............. Transportation se rvice s..................................................................... Medical care se rvice s........................................................................ Other services .................................................................................... C O N S U M E R PR IC E IN D E X FO R U R BA N W AG E EA R N ER S A N D C L E R IC A L W O R KE RS: See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 81 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Price Data 30. Continued— Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, all items (1967=100, unless otherwise indicated) 1987 1986 Annijal averiige Series Oct. Nov. Dec. Jan. Feb. Mar. 196.2 202.3 178.1 326.2 212.0 209.0 334.2 197.1 203.6 178.1 329.2 215.3 207.9 335.6 196.6 204.6 176.2 323.8 215.6 208.9 336.2 194.5 202.1 173.1 329.3 214.9 207.8 336.6 190.5 198.6 168.2 319.1 211.1 210.1 339.7 191.5 198.9 169.2 322.2 212.4 212.1 340.5 198.3 201.9 178.6 337.3 217.7 214.1 341.8 300.9 294.4 223.6 223.9 358.0 266.7 266.1 365.7 302.2 204.0 330.9 418.4 301.8 295.3 223.3 223.7 359.5 271.9 271.4 366.6 299.7 202.7 328.1 418.8 302.2 295.7 225.7 226.3 360.6 264.0 263.4 367.2 305.2 201.1 335.4 418.9 304.0 297.5 229.4 230.0 361.0 262.0 261.3 369.7 309.5 202.3 340.7 421.1 304.2 297.5 230.7 231.4 356.6 263.2 262.5 372.3 309.9 202.8 341.0 425.8 308.2 301.6 231.2 232.0 354.7 277.7 277.1 373.4 312.6 204.3 344.0 426.7 309.9 303.4 228.9 229.3 357.0 289.5 288.9 375.1 311.5 204.0 342.6 427.2 310.8 304.2 228.2 228.5 363.1 291.3 290.7 374.9 311.7 204.3 342.9 428.7 432.4 274.6 466.9 392.3 234.2 435.0 275.2 470.1 394.0 236.3 437.1 275.8 472.6 396.6 236.8 439.7 276.6 475.6 398.4 239.1 441.7 277.0 478.2 400.2 240.4 443.9 279.8 480.1 401.5 241.6 446.7 281.4 483.2 404.2 243.2 449.7 282.9 486.5 407.4 244.6 452.3 285.1 489.2 410.2 245.4 268.4 259.8 284.8 269.0 259.6 286.5 269.2 259.8 286.7 270.0 259.8 288.9 271.1 260.6 290.7 272.1 261.7 291.6 272.3 261.7 292.0 272.9 262.2 292.7 273.4 262.3 293.9 274.4 263.7 294.2 338.0 346.0 288.6 288.6 289.0 422.0 379.1 432.8 338.4 346.7 288.6 287.6 290.0 422.9 380.2 433.6 341.2 354.0 288.8 287.8 290.2 423.8 380.5 434.6 342.6 355.9 289.9 289.7 290.5 425.1 381.4 436.0 347.5 356.5 289.5 288.7 290.8 446.1 393.9 458.7 348.8 356.8 290.8 290.5 291.6 448.7 396.7 461.3 349.2 356.9 291.2 290.5 292.4 449.4 396.9 462.1 349.5 357.2 291.3 290.3 292.7 450.0 397.1 462.8 352.8 364.7 293.2 292.0 294.9 452.0 406.5 464.3 354.6 368.0 294.1 293.2 295.4 453.7 409.3 465.9 355.1 369.2 293.9 292.7 295.5 454.3 409.6 466.6 320.4 280.4 308.3 261.9 262.0 191.2 301.6 263.3 321.4 281.3 309.0 262.9 263.6 190.1 304.5 263.5 323.0 282.0 309.3 263.8 265.2 187.7 308.0 263.6 322.9 281.1 312.0 260.7 260.1 186.3 301.0 263.2 323.4 281.1 314.5 259.4 258.1 190.8 295.9 262.6 324.9 282.6 315.0 261.5 261.5 196.2 298.4 263.0 325.0 282.6 315.4 261.1 260.2 197.1 296.0 264.0 325.4 283.1 316.2 261.5 259.7 196.6 295.6 265.3 325.7 283.3 316.8 261.5 259.9 194.5 296.9 265.0 327.7 285.5 320.3 262.9 262.3 190.5 304.4 265.4 329.0 287.0 321.3 264.6 266.0 191.5 310.2 264.5 330.5 288.6 321.2 267.2 270.0 198.3 311.5 265.3 390.5 107.4 102.8 347.0 457.3 322.1 392.2 108.3 102.7 347.5 459.5 322.9 393.2 108.5 103.4 347.3 461.3 323.6 396.4 108.7 106.4 348.9 464.0 324.6 397.7 109.2 106.0 350.6 466.9 325.6 399.0 109.6 106.4 350.7 470.1 326.0 400.4 110.3 106.0 349.2 472.6 332.2 401.0 110.8 103.8 353.8 475.6 333.8 401.0 111.0 102.0 357.9 478.2 334.7 401.5 111.1 101.8 359.5 480.1 335.1 403.3 111.5 102.3 361.7 483.2 336.4 404.5 111.9 102.5 361.3 486.5 337.5 405.E 112.5 102.5 361.« 489.2 338.C 323.0 305.1 102.8 318.0 262.9 262.7 296.9 289.8 107.1 385.9 367.5 321.2 320.2 259.8 322.9 391.2 321.5 303.8 102.3 316.2 264.9 266.4 302.6 289.8 105.7 381.0 379.0 317.8 317.2 258.7 343.3 386.5 320.2 302.1 101.8 315.2 260.7 259.4 292.2 286.3 105.9 382.7 358.4 318.8 318.3 258.8 312.E 388.8 321.2 303.0 102.1 316.1 261.6 260.9 294.9 287.5 106.2 383.6 364.6 319.2 318.6 258.8 319.8 389.4 323.2 304.8 102.7 317.7 262.6 262.4 298.C 288.4 107.8 386.8 378.1 319.' 319.1 258.Í 328.1 390.Í 322.3 304.3 102.6 317.4 259.6 257.7 291.8 287.2 107.8 387.9 363.1 321.1 320.1 258.5 307.2 392.8 322.2 304.6 102.7 317.8 258.3 255.8 287.3 287.5 108.1 389.0 354.8 322.4 321.0 259.3 292.9 393.7 323.9 305.9 103.2 319.3 260.3 259.1 289.6 289.5 108.3 390.3 356.9 323.9 322.7 260.9 298.2 395.7 324.0 305.7 103.2 319.3 260.0 257.8 287.4 289.0 108.2 390.6 344.8 325.3 324.4 261.7 290.9 398.2 324.2 305.9 103.2 319.6 260.3 257.4 287.0 289.2 108.1 390.4 338.5 326.3 325.4 262.4 289.1 399.6 324.4 306.3 103.4 319.8 260.4 257.6 288.2 289.6 108.3 390.7 339.2 326.5 325.6 262.1 291.1 400.2 326.0 308.4 104.0 321.8 261.8 259.9 294.8 292.5 108.8 392.5 349.6 327.6 326.C 261.' 307.2 401 .£ 327.4 309.6 104.5 323.0 263.5 263.3 299.7 294.9 109.0 393.5 356.9 328.7 327.1 262.0 319.9 403.2 329.: 311.( 104.S 324.! 265.< 266.« 300. 296. 109. 394. 357. 330. 329. 264. 321. 404. 30.Í 26.« 31.1 26.6 31.2 26.6 31.1 26.8 31.( 26.« 31. 26.8 30.E 26.8 30.8 26.8 30.8 26.8 30.7 26.r 30.' 26.¿ 30.! 26.« 30.4 26.1 30. 26 Mar. Apr. May June July Aug. 191.5 199.7 169.4 329.4 211.8 206.1 332.0 190.4 198.0 169.0 329.6 210.7 203.5 329.0 191.2 199.3 169.3 331.3 212.1 204.1 330.2 190.1 200.0 165.9 334.3 212.0 203.8 330.9 187.7 198.0 162.0 335.6 210.6 204.5 331.9 186.3 195.4 160.8 323.7 209.6 206.5 332.2 190.8 197.1 169.3 328.6 209.9 209.5 332.3 321.6 317.4 214.2 214.5 379.7 375.4 375.0 352.6 287.7 204.7 312.3 391.7 307.6 301.5 223.3 223.6 363.2 293.1 292.5 364.7 302.2 203.9 330.9 416.3 310.3 304.5 219.4 219.5 367.2 309.6 308.8 360.9 300.6 206.0 328.3 412.0 303.5 297.4 220.2 220.4 364.8 280.1 279.1 362.2 300.4 204.6 328.5 413.0 305.9 299.9 222.0 222.3 363.6 290.3 289.6 362.8 299.8 204.9 327.7 413.8 308.7 302.8 223.2 223.4 362.5 300.6 300.3 363.6 301.2 203.9 329.6 415.1 304.6 298.3 223.7 223.9 360.3 280.9 280.5 365.0 302.4 203.8 331.2 418.0 Medical c a r e .................................. Medical care commodities ....... Medical care services............... Professional se rvice s............. Hospital and related services 401.2 256.3 432.7 367.7 221.2 431.0 272.8 465.7 391.4 234.2 423.5 268.8 457.3 385.6 230.6 425.7 270.7 459.5 387.4 231.0 427.3 271.7 461.3 388.8 231.2 429.6 272.5 464.0 390.8 232.1 Entertainm ent.......................... Entertainment commodities Entertainment se rvice s....... 260.1 254.2 271.6 268.7 259.5 286.0 266.5 258.3 282.1 266.9 258.4 283.0 267.3 258.7 283.6 Other goods and services ................................... Tobacco products .............................................. Personal c a re ...................................................... Toilet goods and personal care appliances Personal care services ................................... Personal and educational expenses............... School books and supplies............................ Personal and educational s e rv ic e s .............. 322.7 328.1 279.6 279.0 280.5 399.3 355.7 410.1 341.7 350.7 289.0 288.6 289.8 430.7 384.8 442.0 337.0 345.2 288.0 288.1 288.4 420.1 379.0 430.5 337.6 346.0 288.2 288.4 288.4 421.2 379.1 431.8 318.5 286.5 301.8 274.9 283.8 191.3 334.2 265.2 323.4 283.1 311.6 264.2 265.6 191.5 306.7 264.0 321.4 283.1 307.6 266.3 269.6 190.4 313.2 263.7 377.3 103.2 102.6 332.2 432.7 310.1 395.7 109.0 103.9 350.1 465.7 326.9 319.4 303.4 101.8 314.3 272.8 279.0 320.3 293.9 102.6 369.0 426.3 309.9 308.7 256.8 410.8 371.1 31.4 27.C 1985 1986 191.3 198.2 171.3 311.7 212.5 203.1 318.5 Transportation ....................................................... Private transportation......................................... New ve hicles.................................................... New c a rs ........................................................ Used cars ......................................................... Motor fuel ........................................................ G a soline........................................................ Maintenance and re p a ir................................. Other private transportation.......................... Other private transportation commodities Other private transportation services....... Public transportation......................................... Apparel com m o dities................. Men's and boys’ a p p a re l........ Women's and girls’ apparel .... Infants’ and toddlers’ apparel F ootw ear.................................... Other apparel com m odities.... Apparel services......................... All ite m s ................................................................... Com m odities........................................................ Food and beverages........................................ Commodities less food and beverages........ Nondurables less food and beverages ..... Apparel com m odities.................................. Nondurables less food, beverages, and apparel D urables.......................................................... ............ S e rvices........................................ Rent of shelter (12/84=100 ) 0 0 ) ............... Transportation services Medical care services ... Other services .............. Special indexes: All items less food ................................................... All items less s h e lte r............................................... All items less homeowners’ costs (1 2 /8 4 = 1 0 0 ). All items less medical c a re ..................................... Commodities less fo o d ............................................ Nondurables less food ............................................ Nondurables less food and apparel ..................... Nondurables.............................................................. Services less rent of shelter (1 2 /8 4 = 1 0 0 )........ Services less medical c a r e .................................... E nergy........................................................................ All items less energy .............................................. All items less food and energy ............................. Commodities less food and e n e rg y ..................... Energy commodities ............................................... Services less energy............................................... Purchasing power of the consumer dollar: 1 9 6 7 = $ 1 .0 0 ................................................. 1957-59 = $ 1 .0 0 ........................................... 82 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sept. 31. Consumer Price Index: U.S. city average and available local area data: ail items (1967=100, unless otherwise indicated) Urban Wage Earners All Urban Consumers Area1 U.S. city a verage..................... Pricing sche dule2 Other index base M - M 12/77 1987 1986 1987 1986 Mar. Apr. Nov. Dec. Jan. Feb. Mar. Mar. Apr. Nov. Dec. Jan. Feb. Mar. 326.0 325.3 330.8 331.1 333.1 334.4 335.9 321.4 320.4 325.4 325.7 327.7 329.0 330.5 177.2 178.4 179.0 179.9 R e gio n an d a re a s ize3 Northeast u rb a n ........................ Size A - More than 1,200,000 ................................ Size B - 500,000 to 1,200,000 ................................ Size C - 50,000 to 500,000 ................................... North Central urban ................ Size A - More than 1,200,000 ................................ Size B - 360,000 to 1,200,000 ................................ Size C - 50,000 to 360,000 ................................... Size D - Nonmetro politan (less than 50,0000 .......................... South u rb a n ............................... Size A - More than 1,200,000 ................................ Size B - 450,000 to 1,200,000 ................................ Size C - 50,000 to 450,000 ................................... Size D - Nonmetro politan (less than 5 0 ,0 0 0 )........................... West u rb a n ................................ Size A - More than 1,250,000 ................................ Size B - 330,000 to 1,250,000 ................................ Size C - 50,000 to 330,000 ................................... Size classes: A ............................................... B ............................................... C .............................................. D .............................................. 173.7 M 12/77 171.0 M 12/77 174.7 M M 12/77 12/77 M 12/77 M 12/77 M M 12/77 12/77 M 12/77 187.4 178.5 188.8 179.5 . 177.8 _ 181.0 182.1 182.5 183.2 _ 177.2 177.8 176.0 177.0 166.9 170.3 171.6 172.3 173.0 171.7 _ 175.1 176.2 176.2 177.7 - 190.5 173.0 191.4 174.3 191.7 174.4 193.1 175.3 187.4 170.0 _ - 172.1 _ 175.3 176.3 176.6 177.3 167.7 _ 171.5 172.7 172.6 173.1 165.1 _ 168.4 170.3 169.9 171.5 172.7 176.5 173.7 177.5 174.1 178.3 175.1 179.0 177.0 177.8 178.7 179.6 168.5 _ 171.9 173.9 173.6 175.3 - 170.0 175.1 - 171.6 177.9 172.5 178.7 172.9 179.5 174.0 180.2 - 171.4 174.1 . 175.5 _ 177.9 178.6 179.4 180.4 _ 174.9 _ 177.0 _ 179.9 180.8 181.7 182.3 173.2 _ 175.6 176.5 177.4 178.1 173.6 _ 176.4 177.5 178.5 178.8 _ 174.3 _ 176.7 177.9 179.0 179.3 - 176.6 179.6 177.4 180.6 177.3 182.0 177.8 182.7 - 174.0 174.5 - 177.0 177.0 177.9 177.9 177.9 179.3 178.4 180.1 182.6 183.6 185.3 186.1 174.9 _ 177.5 178.4 180.2 181.0 181.4 _ 177.1 _ 179.0 180.0 180.8 181.5 172.1 12/77 12/77 M 12/77 12/77 12/77 12/77 12/77 175.5 _ _ M M M M M M _ 187.1 178.3 12/77 12/77 180.7 186.3 177.1 M 12/77 177.5 179.1 - . M 176.8 179.3 183.0 173.9 . M 176.1 178.3 - 12/77 M 174.7 174.3 _ 171.1 _ . 12/77 M . - . 173.2 176.8 . 176.1 179.6 _ 177.2 _ _ 176.7 _ 178.9 179.9 180.6 - 170.5 - 172.9 173.8 174.8 175.2 - 168.9 - 171.1 171.9 172.7 173.3 - 100.6 179.6 177.7 176.1 101.1 180.1 178.2 176.4 101.6 181.0 179.1 176.9 - 320.4 172.7 173.4 173.6 325.4 - - 175.6 173.4 172.7 100.0 178.7 176.5 175.4 321.4 _ - 325.7 175.5 176.2 175.9 327.7 176.5 177.5 176.7 329.0 177.0 178.0 177.1 330.5 177.8 178.9 177.6 323.9 323.7 331.3 331.0 334.3 334.2 335.5 309.7 309.1 316.1 315.8 319.1 319.0 320.1 _ - - S e le c te d local areas Chicago, ILNorthwestern I N ...................... Los Angeles-Long Beach, Anaheim, C A ............ New York, NYNortheastern N J ...................... Philadelphia, P A -N J................. San FranciscoOakland, C A ............................. M 328.2 326.8 333.8 332.9 335.1 338.8 341.4 321.6 320.2 326.3 325.3 327.4 331.2 333.4 - 322.4 319.1 321.4 317.8 327.5 324.1 329.1 325.2 331.6 327.7 333.2 329.0 334.7 329.4 314.5 321.4 313.2 319.7 318.6 325.4 320.1 326.6 322.3 329.1 324.0 329.9 325.7 330.4 M - - 339.3 - 343.6 345.8 348.8 349.6 - 333.2 - 337.0 339.0 342.2 343.4 Baltimore, MD ........................... Boston, MA ............................... Cleveland, O H ........................... Miami, F L ................................... St. Louis, M O -IL ........................ Washington, D C -M D -V A......... 1 1 1 1 1 1 _ 329.5 322.3 - 324.4 - 175.1 315.0 330.5 - - 174.5 319.2 329.1 331.1 330.9 330.1 177.6 321.9 337.7 - 346.9 330.4 325.9 329.6 176.1 319.0 335.9 - - - 335.9 336.8 356.8 178.4 328.8 338.0 - _ 334.1 333.2 352.9 177.2 326.7 335.7 _ _ 331.1 324.9 _ 333.2 334.7 333.3 178.6 324.3 340.1 Dallas-Ft. Worth, T X ................ Detroit, M l.................................. Houston, T X .............................. Pittsburgh, PA ........................... 2 2 2 2 _ _ _ 347.8 327.6 334.9 335.2 - - - - 309.3 - - 341.1 316.5 333.0 314.2 M M M . 11/77 _ _ 320.0 - - “ ~ - 341.4 318.8 330.0 328.1 333.4 329.3 352.7 175.8 323.8 334.0 _ 325.3 “ _ - 351.8 - 342.8 324.7 331.0 333.0 1 Area is the Consolidated Metropolitan Statistical Area (CMSA), exclu sive of farms and military. Area definitions are those established by the Of fice of Management and Budget in 1983, except for Boston-Lawrence-Salem, MA-NH Area (excludes Monroe County); and Milwaukee, Wl Area (in cludes only the Milwaukee MSA). Definitions do not include revisions made since 1983. 2 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis “ - - ' - 334.1 308.1 327.7 307.8 - 314.7 - - 328.9 V - 335.0 314.0 328.5 311.8 “ - " 3 Regions are defined as the four Census regions. - Data not available. NOTE: Local area CPI indexes are byproducts of the national CPI pro gram. Because each local index is a small subset of the national index, it has a smaller sample size and is, therefore, subject to substantially more sampling and other measurement error than the national index. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. Therefore, the Bureau of Labor Sta tistics strongly urges users to consider adopting the national average CPI for use in escalator clauses. MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Price Data 32. Annual data: Consumer Price Index all items and major groups Series 1978 1979 1980 1981 1982 1983 1984 1985 1986 195.4 7.7 217.4 11.3 246.8 13.5 272.4 10.4 289.1 6.1 298.4 3.2 311.1 4.3 322.2 3.6 328.4 1.9 206.3 9.7 228.5 10.8 248.0 8.5 267.3 7.8 278.2 4.1 284.4 2.2 295.1 3.8 302.0 2.3 311.8 3.2 202.8 8.7 227.6 12.2 263.3 15.7 293.5 11.5 314.7 7.2 323.1 2.7 336.5 4.1 349.9 4.0 360.2 2.9 159.6 3.5 166.6 4.4 178.4 7.1 186.9 4.8 191.8 2.6 196.5 2.5 200.2 1.9 206.0 2.9 207.8 .9 185.5 4.7 212.0 14.3 249.7 17.8 280.0 12.1 291.5 4.1 298.4 2.4 311.7 4.5 319.9 2.6 307.5 -3.9 219.4 8.4 239.7 9.3 265.9 10.9 294.5 10.8 328.7 11.6 357.3 8.7 379.5 6.2 403.1 6.2 433.5 7.5 176.6 5.3 188.5 6.7 205.3 8.9 221.4 7.8 235.8 6.5 246.0 4.3 255.1 3.7 265.0 3.9 274.1 3.4 183.3 6.4 196.7 7.3 214.5 9.0 235.7 9.9 259.9 10.3 288.3 10.9 307.7 6.7 326.6 6.1 346.4 6.1 195.3 7.6 217.7 11.5 247.0 13.5 272.3 10.2 288.6 6.0 297.4 3.0 307.6 3.4 318.5 3.5 323.4 1.5 Consumer Price Index for All Urban Consumers: All items: Percent c h a n g e .................................................................... Food and beverages: Percent c h a n g e .................................................................... Housing: Percent chan ge.................................................................... Apparel and upkeep: Percent ch a n g e .................................................................... Transportation: Percent ch a n g e .................................................................... Medical care: In d e x ...................................................................................... Percent change .............................................................. ...... Entertainment: Percent c han ge.................................................................... Other goods and services: Percent c h a n g e .................................................................... Consumer Price Index for Urban Wage Earners and Clerical Workers: All items: Percent c h a n g e .................................................................... 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 33. Producer Price Indexes, by stage of processing (1967 = 100) 1987 1986 Annual average G ro uping 1985 1986 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 290.7 285.1 283.1 289.9 284.2 282.9 291.7 286.2 280.0 292.3 287.1 279.6 292.3 287.2 280.4 281.2 302.2 253.5 310.4 279.9 300.5 252.9 310.1 284.5 307.7 252.9 311.2 286.0 311.6 250.4 310.5 285.7 311.7 249.6 310.3 Finished consumer goods ........................... Finished consumer fo o d s .......................... Finished consumer goods excluding foods ........................................................... Nondurable goods less food ................ Durable goods ......................................... Capital equipm ent......................................... 293.7 291.8 271.2 289.6 284.9 278.0 287.2 281.9 271.9 288.9 284.1 274.8 289.3 284.5 275.1 287.6 282.3 280.4 288.1 283.0 284.0 287.3 282.5 282.9 290.7 285.2 283.6 297.3 339.3 241.5 300.5 283.4 311.1 246.9 306.5 282.2 309.8 245.7 305.6 284.0 313.0 245.5 305.7 284.4 313.5 245.9 306.1 278.3 302.6 246.2 306.4 277.5 301.6 245.8 306.2 277.4 304.5 241.7 303.9 281.0 301.9 253.5 309.9 In te rm e d ia te m aterials, supplies, and c o m p o n e n ts ......................................................... 318.7 307.6 307.1 306.7 306.8 304.8 304.5 306.1 304.8 304.8 305.0 307.1 308.9 309.4 296.4 253.2 278.0 314.9 294.9 296.2 253.0 277.9 313.8 295.2 297.7 251.0 280.9 316.2 295.6 298.3 250.6 282.1 316.5 296.1 299.4 250.0 283.4 317.9 297.1 Finished go o d s ................................................... Materials and components for manufacturing .............................................. Materials for food m anufacturing............ Materials for nondurable manufacturing . Materials for durable m anufacturing....... Components for m anufacturing............... Materials and components for construction.................................................. Processed fuels and lu bricants.................. C ontainers...................................................... Supplies........................................................... C ru d e m aterials fo r fu rth e r proce ssin g ... Foodstuffs and feedstuffs .......................... Nonfood materials1 ...................................... 299.5 258.8 285.9 320.2 291.5 296.1 250.9 279.2 313.8 294.4 295.5 244.8 279.3 313.7 294.1 295.4 248.7 278.2 313.2 294.1 295.1 247.9 277.8 312.9 294.1 295.6 251.7 277.7 313.0 294.6 296.0 255.5 277.1 313.6 294.9 296.2 254.3 277.0 314.9 295.0 296.4 253.9 277.5 315.3 294.9 315.2 548.9 311.2 284.2 317.5 430.3 315.1 287.3 318.3 428.5 312.8 287.2 318.3 424.2 313.6 287.1 317.8 426.7 314.0 287.3 317.9 401.1 314.6 287.2 317.6 395.0 316.2 287.1 317.6 409.1 317.4 288.0 317.3 394.9 318.1 287.5 317.5 392.8 319.0 288.0 317.0 396.2 319.7 288.3 317.2 408.2 321.4 289.0 318.2 420.2 323.3 289.8 319.0 416.4 324.5 290.0 306.1 235.0 459.2 280.0 230.6 386.8 273.7 220.3 389.4 279.4 229.9 386.9 276.9 227.1 384.8 277.7 234.4 370.8 276.3 238.1 358.3 275.4 233.5 365.6 277.2 235.0 367.9 279.2 236.8 370.3 274.8 232.8 365.1 284.0 227.1 392.9 288.8 229.2 401.7 287.7 229.1 399.2 299.0 720.9 269.2 261.3 268.7 291.1 518.5 275.6 267.8 274.9 289.9 517.2 273.1 264.9 273.9 291.2 534.1 274.0 266.1 274.0 291.6 536.4 274.3 266.3 274.3 287.4 461.6 276.4 268.9 275.0 286.8 456.2 277.2 270.0 274.8 286.1 471.7 275.5 268.5 272.9 290.4 452.1 280.0 272.6 278.9 290.7 453.7 280.0 272.4 279.1 289.7 446.8 279.5 271.9 278.5 293.2 478.4 279.6 271.6 279.7 294.0 497.9 279.0 271.0 279.0 293.8 493.8 279.2 271.5 279.1 252.1 258.4 257.3 257.5 257.7 258.7 258.4 256.7 262.6 262.6 262.0 263.2 262.6 262.7 254.2 254.8 254.9 254.2 256.2 256.8 257.6 S p ecial group ing s Finished goods, excluding fo o d s .................. Finished energy goods ................................... Finished goods less energy ........................... Finished consumer goods less e n e rg y ........ Finished goods less food and energy ......... Finished consumer goods less food and e n e rg y............................................................... Consumer nondurable goods less food and e n e rg y............................................................... Intermediate materials less foods and fe e d s ................................................................. Intermediate foods and fe e d s ........................ Intermediate energy goods ............................ Intermediate goods less energy ................... Intermediate materials less foods and e n e rg y ............................................................... Crude energy m aterials................................... Crude materials less energy .......................... Crude nonfood materials less e n e rg y.......... 246.2 252.9 252.0 252.3 252.5 253.9 253.8 325.0 232.8 528.3 304.0 313.3 230.2 414.5 303.5 313.0 227.0 413:3 303.1 312.4 229.3 409.1 303.0 312.5 229.0 411.1 302.9 310.4 230.3 386.6 303.3 309.9 232.1 380.7 303.5 311.5 233.2 393.8 304.0 310.4 230.3 380.3 303.9 310.3 231.0 378.3 304.1 310.5 231.7 381.3 304.0 312.9 229.7 392.8 305.2 314.8 229.8 404.2 306.0 315.4 227.9 400.6 306.8 305.2 304.4 304.3 304.0 303.8 304.1 304.2 304.6 304.8 304.9 304.8 306.2 307.0 308.1 748.1 233.2 249.7 575.8 228.9 245.6 577.0 221.9 249.1 570.6 229.2 249.3 563.9 227.3 250.1 528.8 232.8 250.0 520.4 232.4 235.9 533.9 229.7 239.1 534.4 231.6 242.3 537.0 233.3 244.4 519.5 230.9 246.9 571.6 227.9 251.0 586.2 230.3 254.6 581.2 230.3 254.6 1 Crude nonfood materials except fuel. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 85 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Price Data 34. Producer Price Indexes, by durability of product (1967 = 100) Annual average 1986 1987 G rouping 1985 1986 Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Total durable g o o d s ........................................ Total nondurable g o o d s .................................. 297.3 317.2 300.0 298.7 299.7 296.0 299.6 297.9 299.7 297.7 300.0 294.5 299.9 294.2 298.8 295.6 302.2 294.4 302.4 294.8 302.1 294.0 303.0 298.2 303.5 301.0 303.9 300.8 Total m anufactures.......................................... D u ra b le ........................................................... N o ndurable.................................................... 304.3 298.1 310.5 297.6 300.9 294.0 296.1 300.5 291.2 296.7 300.4 292.6 296.9 300.5 293.0 295.2 300.9 289.1 295.5 300.8 289.7 296.0 299.6 292.1 297.0 303.1 290.4 297.1 303.3 290.5 297.2 302.9 290.9 299.3 303.7 294.4 300.7 304.1 296.9 300.9 304.6 296.8 Total raw or slightly processed goods ........ D u ra b le ........................................................... N o ndurable.................................................... 327.9 252.2 332.4 305.3 252.0 308.3 303.0 253.1 305.8 306.2 252.1 309.3 304.2 251.2 307.2 303.2 249.6 306.2 300.4 252.0 303.0 299.0 252.8 301.6 299.2 252.0 301.8 300.6 254.4 303.1 296.3 254.7 298.4 302.0 260.3 304.1 305.6 264.2 307.7 305.2 262.2 307.4 35. Annual data: Producer Price Indexes, by stage of processing (1967 = 100) Index Finished goods: T o ta l................................................................... Consumer g o o d s ................................ Capital equipment ............................................... 1977 1978 1979 1980 1981 1982 1983 1984 1985 181.7 180.7 184.6 195.9 194.9 199.2 217.7 217.9 216.5 247.0 248.9 239.8 269.8 271.3 264.3 280.7 281.0 279.4 285.2 284.6 287.2 291.1 290.3 294.0 293.7 291.8 300.5 Interm ediate m aterials, supplies, and com ponents: Total ........................................................ Materials and components for m anufacturing..................................................... Materials and components for construction .... Processed fuels and lu b ric a n ts ......................... Containers ..................................................... S u p p lie s ................................................................. 201.5 215.6 243.2 280.3 306.0 310.4 312.3 320.0 318.7 195.4 203.4 282.5 188.3 188.7 208.7 224.7 295.3 202.8 198.5 234.4 247.4 364.8 226.8 218.2 265.7 268.3 503.0 254.5 244.5 286.1 287.6 595.4 276.1 263.8 289.8 293.7 591.7 285.6 272.1 293.4 301.8 564.8 286.6 277.1 301.8 310.3 566.2 302.3 283.4 299.5 315.2 548.9 311.2 284.2 Crude m aterials fo r fu rth e r processing: T o ta l........................................................................... Foodstuffs and feedstuffs .................................. Nonfood materials except fuel .......................... Fuel ........................................................................ 209.2 192.1 245.0 372.1 234.4 216.2 272.3 426.8 274.3 247.9 330.0 507.6 304.6 259.2 401.0 615.0 329.0 257.4 482.3 751.2 319.5 247.8 473.9 886.1 323.6 252.2 477.4 931.5 330.8 259.5 484.5 931.3 306.1 235.0 459.2 909.6 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 36. U.S. export price indexes by Standard International Trade Classification (June 1977=100, unless otherwise indicated) C a te g o ry 1974 SITO 1984 June 1985 1986 Sept. Dec. 101.5 99.3 98.1 97.5 97.5 96.5 96.7 97.0 96.7 95.1 96.2 0 01 03 04 05 08 09 109.6 108.7 98.7 107.4 126.9 98.8 110.6 103.5 105.6 98.0 101.2 125.6 83.5 109.5 96.5 104.4 98.7 92.9 114.7 82.4 108.4 95.8 103.9 101.0 92.4 119.5 72.8 110.6 94.0 104.7 103.6 90.3 120.2 68.6 109.2 90.2 106.1 102.6 82.6 126.9 75.7 108.1 93.6 112.2 101.8 87.1 118.9 83.4 107.7 90.5 111.5 102.2 82.1 115.3 88.5 106.0 89.5 114.7 106.2 79.1 125.8 85.5 104.7 77.2 122.0 111.2 59.0 131.4 90.2 106.6 81.2 122.6 116.9 64.8 131.9 87.4 108.2 1 11 12 101.9 102.9 101.8 102.8 103.3 102.7 101.3 103.7 101.1 99.9 104.0 99.5 100.1 105.3 99.6 99.7 101.8 99.5 98.6 100.9 98.4 95.6 101.9 95.1 96.5 103.0 95.9 96.3 102.2 95.8 101.6 102.9 101.4 Raw hides and skins ( 6 / 8 0 - 1 0 0 ) .................................................................. Oilseeds and oleaginous fruit (9 /7 7 = 1 0 0 ) ................................................... Crude rubber (including synthetic and reclaimed) ( 9 /8 3 - 1 0 0 ) ................ W o o d ....................................................................................................... Pulp and waste paper (6 /8 3 = 1 0 0 ) ................................................................ Textile fib e rs .......................................................................................... Crude fertilizers and m in e ra ls .......................................................................... Metalliferous ores and metal scrap ................................................................ 2 21 22 23 24 25 26 27 28 118.3 154.7 104.3 106.0 129.4 122.1 125.6 147.7 98.5 105.2 153.7 79.9 104.1 123.8 120.8 109.4 163.0 93.2 101.4 133.6 74.8 104.0 125.4 114.2 106.7 163.2 92.4 97.5 121.0 71.0 106.4 128.7 100.5 102.4 165.6 89.2 96.8 126.2 71.2 106.3 125.7 96.1 105.8 167.9 82.0 93.3 129.0 64.2 107.1 124.5 93.8 103.6 169.4 80.1 92.5 139.9 63.9 106.0 128.1 92.7 97.7 165.5 78.7 95.8 138.9 66.9 106.0 128.7 98.8 101.6 168.0 83.4 95.6 148.9 65.8 106.1 128.7 109.7 98.6 166.1 80.5 92.3 138.0 64.5 105.3 129.7 119.8 74.7 164.3 84.6 94.8 148.3 62.9 104.4 135.5 121.2 92.2 162.8 80.7 M ine ra l f u e l s ..................................................................................................................... 3 99.7 99.7 99.7 100.1 99.2 97.6 96.6 91.9 86.7 85.7 84.7 A nim al and v e g e ta b le s oils, fa ta , an d w a x e s .................................................. 4 42 164.5 176.4 145.7 159.0 147.9 156.7 142.0 152.9 144.5 164.8' 114.5 128.8 101.4 108.7 90.8 95.4 84.4 95.3 76.5 80.8 86.8 87.0 5 51 56 99.7 101.0 96.9 98.3 97.4 97.4 97.7 94.7 94.8 97.0 93.8 92.5 96.8 96.5 87.9 97.1 97.1 89.8 96.6 95.4 90.0 96.5 93.5 88.6 95.4 89.3 84.0 93.1 88.0 77.4 92.2 89.4 68.7 101.3 81.2 147.5 154.7 96.1 92.9 104.5 102.0 80.8 148.9 160.0 96.8 90.4 105.1 100.4 79.0 148.5 159.5 96.5 82.5 105.0 99.4 82.5 150.2 155.0 95.5 79.7 105.4 99.2 79.2 149.0 151.6 95.3 79.6 105.2 99.2 75.9 148.3 149.6 95.9 79.8 105.4 99.1 78.5 148.7 148.2 98.2 78.2 104.4 100.3 77.8 151.0 152.2 98.4 80.2 105.3 101.2 82.5 150.0 158.7 99.4 79.1 105.5 102.2 84.2 150.4 165.3 100.2 79.4 105.6 102.7 88.0 151.3 167.9 100.1 78.8 105.7 67 68 69 7 71 72 73 74 75 76 139.4 156.9 152.8 151.2 149.0 101.5 132.3 112.6 131.2 187.7 140.1 160.6 153.7 151.7 149.3 99.8 134.4 113.8 131.0 189.6 141.5 167.5 153.4 151.9 150.2 101.4 134.3 114.6 131.8 191.7 142.3 165.3 155.0 153.4 152.4 100.9 133.3 114.9 133.1 195.5 142.9 167.4 155.7 155.1 152.0 100.0 133.3 116.1 133.9 196.6 143.1 167.1 156.0 156.3 152.4 99.9 134.1 115.3 133.8 199.3 143.3 167.5 156.2 158.4 152.2 99.4 134.5 113.8 135.0 200.7 144.0 169.1 155.5 159.0 152.3 99.9 136.5 115.1 135.5 203.3 144.2 169.2 154.7 158.9 153.3 99.2 137.0 114.2 136.4 206.8 144.6 169.5 155.0 160.4 154.4 98.9 137.8 114.4 136.5 207.4 145.5 171.4 155.7 161.8 155.3 98.1 139.7 114.9 137.9 209.7 77 78 79 100.4 102.1 172.0 100.7 103.9 175.8 99.3 103.4 171.7 99.5 104.7 175.5 100.4 104.7 178.3 100.3 105.0 178.7 100.3 105.3 178.8 103.4 104.1 182.1 183.8 183.8 104.3 110.0 164.8 8 131.3 132.7 130.3 128.0 129.1 127.5 128.5 131.6 132.9 132.7 132.0 84 97.9 95.2 94.1 92.4 93.1 93.1 92.4 95.6 95.6 97.6 97.7 971 93.5 81.7 79.5 69.1 75.4 77.4 77.5 81.8 | 82.2 97.5 94.5 A L L C O M M O D IT IE S (9 /8 3 = 1 0 0 ) .................................................................... Fo o d (3/83 = 1 0 0 )............................................................................................ Meat ( 3 /8 3 = 1 0 0 ) ............................................................................................... Fish ( 3 /8 3 - 1 0 0 ) ................................................................................................ Grain and grain preparations (3 /8 0 = 1 0 0 ) ................................................... Vegetables and fruit (3 /8 3 = 1 0 0 ) ................................................................... Feedstuffs for animals (3/83 = 10 0 )............................................................. Misc. food products ( 3 /8 3 = 1 0 0 ) .................................................................... B e v e ra g e s a nd to b a c c o (6/83 = 1 0 0 )............................................................. Beverages ( 9 /8 3 - 1 0 0 ) ........................................................................ Tobacco and tobacco products (6 /8 3 = 1 0 0 ) ............................................... C ru d e m a te ria ls ( 6 /8 3 = 1 0 0 ) ............................................................................ Fixed vegetable oils and fats ( 6 /8 3 = 1 0 0 ) ................................................... C h e m ic a ls ( 3 /8 3 = 1 0 0 ) ......................................... ............................................. Organic chemicals (12/83 = 100) .................................................................... Fertilizers, manufactured ( 3 /8 3 - 1 0 0 ) ............................................................ In te rm e d ia te m a n u fa c tu re d p ro d u c ts (9/81 = 1 0 0 ) .................................... Leather and furskins (9 /7 9 = 1 0 0 ) ................................................................... Rubber manufactures ....................................................................... Paper and paperboard products (6/78 = 1 0 0 ).............................................. Iron and steel (3 /8 2 = 1 0 0 ) ......................................................................... Nonferrous metals (9/81 =10 0) ..................................................................... Metal manufactures, n.e.s. (3 /8 2 = 1 0 0 ) ..................................................... M a c h in e ry a nd tra n s p o rt e q u ip m en t, exc lu d in g m ilitary an d c o m m ercial a irc ra ft (1 2 /7 8 = 1 0 0 ) ................................................... Power generating machinery and equipment (1 2 /7 8 = 1 0 0 ) ...................... Machinery specialized for particular industries (9/78 = 100) ..................... Metalworking machinery (6 /7 8 = 1 0 0 ) ........................................... General industrial machines and parts n.e.s. 9 /7 8 = 1 0 0 ) ................... Office machines and automatic data processing e q u ip m e n t..................... Telecommunications, sound recording and reproducing e qu ipm ent........ Electrical machinery and equipm ent............................................................... Road vehicles and parts (3/80 = 1 0 0 )...................................................... Other transport equipment, excl. military and commercial a v ia tio n ........ O th e r m a n u fa c tu re d a r t ic l e s .................................................................................... Apparel (9 /8 3 = 1 0 0 ) ................................................................ Professional, scientific, and controlling instruments and apparatus......... Photographic apparatus and supplies, optical goods, watches and clocks (1 2 /7 7 = 1 0 0 )........................................................... Miscellaneous manufactured articles, n.e.s.............................................. G old , n o n -m o n e ta ry ( 6 / 8 3 = 1 0 0 ) ................................................................ - . 6 61 62 64 - Mar. June Sept. Dec. Mar. 102.6 June Sept. _ Dec. Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 87 MONTHLY LABOR REVIEW 37. May 1987 • Current Labor Statistics: Price Data U.S. import price indexes by Standard International Trade Classification (June 1977=100, unless otherwise indicated) C a te g o ry 1974 SITC Dec. 1986 1985 1984 Mar. June Sept. Dec. Mar. June Sept. Dec. 95.7 93.5 93.0 92.9 94.2 88.5 83.2 83.9 86.0 0 01 02 03 98.1 132.3 98.4 133.9 98.5 130.4 98.3 132.9 96.8 118.2 97.9 129.4 94.9 120.6 99.1 129.7 102.8 131.2 100.5 132.7 113.4 122.7 106.7 139.3 104.7 118.5 107.1 144.8 109.1 126.9 109.4 149.6 105.3 134.4 111.5 157.1 Bakery goods, pasta products, grain and grain preparations (9/77 100) ....................................................................................................... Fruits and vege ta b le s....................................................................................... Sugar, sugar preparations, and honey (3 /8 2 = 1 0 0 ) .................................... Coffee, tea, c o c o a .............................................................................................. 04 05 06 07 132.8 117.2 118.5 58.4 131.8 127.1 118.4 57.0 132.3 129.4 122.6 56.0 136.3 120.2 123.1 54.4 141.9 131.3 111.9 64.6 146.9 119.4 124.6 85.9 149.2 119.4 121.6 69.2 154.0 127.1 123.9 71.8 155.3 125.5 124.3 61.0 B e v e ra g e s and to b a c c o ............................................................................................. 1 11 156.5 152.8 156.2 154.2 157.1 154.3 158.0 156.0 162.1 159.1 163.2 161.8 165.5 163.9 165.8 165.5 168.0 168.2 2 23 24 25 27 28 29 98.9 83.8 104.0 93.2 98.6 95.6 106.4 94.0 77.6 100.7 84.0 100.3 90.4 104.3 93.6 76.4 106.9 80.4 101.7 87.6 104.9 91.5 68.9 101.6 76.8 102.7 89.5 102.5 91.2 73.2 99.4 75.8 102.1 90.1 102.5 94.2 78.8 104.3 74.9 101.5 94.5 103.6 95.3 75.5 106.3 79.9 100.0 95.6 104.4 98.1 76.9 109.4 86.0 100.4 98.2 104.8 98.5 78.5 107.2 92.8 100.2 95.4 104.7 3 33 85.2 85.2 82.9 83.8 80.9 81.6 79.8 80.3 79.1 80.1 55.3 54.7 37.5 36.1 33.6 32.1 38.4 37.9 4 42 114.9 115.3 89.9 89.5 76.7 75.9 57.6 56.2 50.6 48.9 41.4 39.3 39.3 37.4 35.5 33.5 51.6 50.0 5 54 56 59 97.1 94.6 92.9 97.5 95.7 91.6 94.2 96.1 94.9 95.1 82.0 95.6 94.5 95.3 80.8 96.9 94.2 96.7 78.5 97.8 94.6 102.9 79.2 99.9 93.3 104.9 79.7 100.3 93.4 110.0 77.4 101.0 93.2 110.1 79.7 102.8 6 61 62 63 64 65 66 67 68 69 136.8 140.4 140.5 126.1 157.5 132.9 159.4 123.7 87.3 119.3 133.1 135.3 139.5 121.3 157.6 130.4 154.2 121.0 81.9 117.4 132.4 133.3 138.6 121.2 157.2 127.5 151.7 120.1 82.3 117.8 133.6 137.0 137.3 123.4 157.8 126.5 157.6 119.1 83.7 119.5 133.4 141.3 138.1 124.0 156.5 128.1 162.2 118.3 80.4 121.6 134.0 141.6 136.5 130.8 157.1 131.2 164.2 117.3 79.4 124.4 135.6 143.0 137.7 134.3 157.1 132.9 169.6 118.1 78.9 127.8 138.8 147.4 138.1 137.4 157.5 135.1 178.2 119.0 83.5 129.1 139.4 143.3 138.1 142.7 164.8 135.3 180.2 118.5 81.6 129.1 7 72 73 74 102.9 98.0 89.9 91.3 101.6 96.2 86.3 89.2 102.6 97.0 90.5 91.1 103.5 101.4 94.2 94.3 107.2 104.9 98.1 98.0 111.5 112.1 105.0 103.8 115.3 115.4 107.7 109.0 118.1 120.1 110.7 112.8 120.2 121.0 115.7 113.9 75 92.2 89.6 89.4 90.3 93.7 96.9 101.3 102.5 102.4 76 77 78 91.3 86.4 111.3 90.0 82.1 111.5 88.8 83.9 112.1 88.3 81.4 112.7 88.6 83.1 117.8 89.4 84.5 123.4 91.6 87.5 127.1 93.7 89.5 129.8 93.9 91.7 133.2 8 81 82 84 85 100.0 111.6 142.5 138.5 142.5 97.0 113.9 137.4 136.7 137.4 98.0 114.1 136.7 133.9 136.7 99.6 117.8 142.1 134.5 142.1 100.8 115.0 142.7 134.5 142.7 103.3 120.1 147.0 133.4 147.0 104.8 123.5 142.2 135.3 142.2 109.5 125.5 145.8 137.8 145.8 109.6 125.5 146.9 139.1 146.9 87 92.9 89.2 92.3 98.8 102.4 106.4 112.5 118.3 118.0 Mise, manufactured articles, n.e.s. (6 /8 2 = 1 0 0 ) ......................................... 88 89 91.3 96.3 88.9 91.2 89.5 95.2 91.1 96.4 94.5 97.9 99.3 102.1 103.2 103.4 106.9 112.3 107.6 111.0 G old , n o n -m o n e ta ry ( 6 / 8 2 = 1 0 0 ) .......................................................................... 971 103.6 90.1 98.3 101.1 101.0 106.7 107.3 126.9 123.3 A L L C O M M O D IT IE S (9/82 = 1 0 0 )..................................................................... Fo o d ( 9 /7 7 - 1 0 0 ) ................................................................................................. Dairy products and eggs (6/81 =100) .......................................................... Beverages ........................................................................................................... C ru d e m a t e r ia ls .............................................................................................................. Crude rubber (inc. synthetic & reclaimed) ( 3 /8 4 = 1 0 0 ) .............................. Wood (9 /8 1 = 1 0 0 ) ............................................................................................. Pulp and waste paper (12/81 = 1 0 0 ).............................................................. Crude fertilizers and crude minerals (1 2/83= 100 ) ..................................... Metalliferous ores and metal scrap (3 /8 4 = 1 0 0 ) ......................................... Crude vegetable and animal materials, n.e.s................................................. Fuels an d re la te d p ro d u cts ( 6 /8 2 = 1 0 0 ) ....................................................... Petroleum and petroleum products (6 /8 2 = 1 0 0 ) .......................................... F ats and oils (9 /8 3 = 1 0 0 ) ................................................................................. Vegetable oils (9/83 = 1 0 0 ).............................................................................. C h em ica ls (9 /8 2 = 1 0 0 ) ....................................................................................... Medicinal and pharmaceutical products (3/84 = 100) ................................. Manufactured fertilizers (3 /8 4 = 1 0 0 ) .................................... ......................... Chemical materials and products, n.e.s. (9 /8 4 = 1 0 0 )................................. In te rm e d ia te m an u fa c tu re d p ro d u c ts (1 2/77= 100 ) ................................. Leather and fu rs k in s ......................................................................................... Rubber manufactures, n.e.s............................................................................... Cork and wood manufactures ......................................................................... Paper and paperboard products ..................................................................... Nonmetallic mineral manufactures, n.e.s........................................................ Iron and steel ( 9 /7 8 = 1 0 0 ) .............................................................................. Nonferrous metals (1 2/81= 100 ) .................................................................... Metal manufactures, n.e.s.................................................................................. M achinery and tra n s p o rt e q u ip m en t (6 /8 1 = 1 0 0 ) ........................................ Machinery specialized for particular industries ( 9 /7 8 = 1 0 0 ) ...................... Metalworking machinery (3 /8 0 = 1 0 0 ) ............................................................ General industrial machinery and parts, n.e.s. (6 /8 1 = 1 0 0 ) ...................... Office machines and automatic data processing equipment (3 /8 0 = 1 0 0 ) .................................................................. .................................... Telecommunications, sound recording and reproducing apparatus ( 3 /8 0 = 1 0 0 ) ...................................................................................................... Electrical machinery and equipment (12/81 = 1 0 0 ) ..................................... Road vehicles and parts (6/81 = 1 0 0 ) ............................................................ M lsc. m an u fa c tu re d artic le s ( 3 /8 0 = 1 0 0 ) ...................................................... Plumbing, heating, and lighting fixtures (6 /8 0 = 1 0 0 ) .................................. Furniture and parts (6 /8 0 = 1 0 0 ) ..................................................................... Clothing (9 /7 7 = 1 0 0 ) ......................................................................................... Footw ear............................................................................................................. Professional, scientific, and controlling instruments and apparatus (1 2 /7 9 = 1 0 0 )........... ,.................................................................... Photographic apparatus and supplies, optical goods, watches, and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 38. U.S. export price indexes by end-use category (September 1983 = 100 unless otherwise indicated) C a te g o ry Percentage of 1980 trade value 16.294 30.696 21.327 9.368 30.186 7.483 7.467 3.965 3.501 39. 1986 1985 1984 83.0 99.1 101.4 93.3 105.6 105.7 100.8 99.3 102.3 80.9 97.2 99.5 91.6 106.6 108.0 101.1 99.2 103.0 81.5 97.6 99.6 92.6 106.2 106.7 100.9 99.1 102.7 76.2 96.5 98.7 91.1 106.6 108.1 101.9 100.4 103.3 77.5 95.9 97.9 91.0 106.6 109.2 101.4 99.5 103.3 74.7 94.9 96.1 91.9 107.5 110.4 104.5 101.8 107.2 75.5 96.0 97.5 92.5 107.4 109.5 103.7 101.8 105.5 Dec. Sept. June Mar. Dec. Sept. June Mar. Dec. 66.0 93.3 93.7 92.5 107.7 110.8 104.5 102.1 106.9 68.4 94.8 95.4 93.2 108.3 111.8 105.7 102.7 108.5 U.S. import price indexes by end-use category (December 1982=100) C a te g o ry Percentage of 1980 trade value 7.477 31.108 19.205 9.391 9.814 13.164 11.750 14.250 5.507 8.743 40. 1984 1986 1985 Mar. Dec. 101.8 85.7 101.1 100.7 101.6 97.8 105.2 101.1 98.5 104.6 Sept. June 100.4 82.1 95.8 93.9 97.8 96.3 105.9 99.4 97.0 102.5 102.1 84.4 96.3 95.0 97.7 94.8 105.4 99.5 97.0 103.0 Sept. June Mar. Dec. 99.0 80.9 95.4 93.5 97.4 97.6 106.4 101.0 98.9 103.9 106.0 80.5 93.9 91.8 96.2 100.0 111.4 102.4 100.7 104.7 115.8 55.4 94.5 91.1 98.1 102.8 115.6 104.5 103.4 106.0 Dec. Mar. June Dec. 108.2 36.8 94.0 89.7 98.7 106.7 119.0 106.5 106.5 106.6 112.3 32.6 95.3 89.5 101.4 109.4 121.0 110.1 111.2 108.6 Sept. Dec. 109.2 38.3 94.9 89.7 100.3 110.7 123.9 110.6 111.6 109.2 U.S. export price indexes by Standard Industrial Classification 1 1984 1986 1985 In d u s try g roup Dec. Manufacturing: Food and kindred products (6/83 —100) ............................. Lumber and wood products, except furniture ( 6 /8 3 - 1 0 0 ) ............................................................................ Furniture and fixtures (9 /8 3 -1 0 0 ) ....................................... Paper and allied products (3/81 — 1 0 0 )................................ Chemicals and allied products ( 1 2 /8 4 - 1 0 0 ) ...................... Petroleum and coal products (1 2 /8 3 —100) ........................ Primary metal products (3 /8 2 —100) .................................... Machinery, except electrical ( 9 /7 8 - 1 0 0 ) ............................ Electrical machinery (1 2 /8 0 -1 0 0 ) ....................................... Transportation equipment (1 2 /7 8 = 1 0 0 ).............................. Scientific instruments; optical goods; clocks ( 6 /7 7 - 1 0 0 ) ............................................................................ Mar. June Sept. 103.3 99.5 99.5 96.7 98.1 97.0 95.0 95.2 97.6 97.9 104.9 103.6 100.7 100.4 90.4 139.9 111.1 158.8 99.9 105.2 97.1 100.3 101.3 87.9 140.4 111.3 160.4 99.5 106.5 94.7 99.6 102.7 87.5 140.5 112.4 161.8 98.3 107.1 93.2 99.7 102.0 88.1 140.6 111.9 162.6 101.2 108.4 92.1 99.2 99.1 87.9 140.5 111.2 164.1 101.5 109.2 95.7 98.9 93.5 89.8 140.6 112.6 165.1 101.2 109.7 101.5 98.3 83.1 89.8 140.3 112.3 167.1 102.1 110.1 106.1 96.2 83.1 90.7 140.5 112.6 167.4 105.7 110.4 108.7 95.9 82.2 89.9 140.7 113.6 169.4 153.0 154.9 156.6 156.2 156.7 159.7 161.2 161.5 162.3 1 SIC - based classification. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 89 MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Productivity Data 41. U.S. import price indexes by Standard Industrial Classification 1 1986 1985 1984 In d u s try group June Mar. Dec. Manufacturing: Dec. Sept. June 122.6 104.7 138.2 118.8 102.8 135.6 115.0 101.0 133.0 114.2 100.4 133.9 115.1 101.8 134.4 117.7 104.7 133.4 115.6 106.4 135.1 118.0 107.1 137.8 122.4 108.0 139.3 120.0 95.6 145.5 98.2 116.3 93.9 141.5 95.3 120.6 96.1 139.8 93.9 117.5 97.7 138.7 93.3 115.8 98.2 137.4 95.8 122.1 101.2 137.6 98.6 124.8 103.5 139.4 102.1 127.9 105.4 142.2 103.8 127.9 105.6 150.3 102.4 98.0 144.2 87.8 100.0 94.1 98.6 112.9 96.9 139.1 84.1 99.0 91.8 95.1 113.1 96.7 138.9 84.1 99.1 93.4 95.8 114.2 96.6 142.3 84.3 101.0 96.6 94.5 114.8 97.5 144.0 82.6 102.6 100.0 95.8 119.6 100.9 145.8 82.0 104.9 105.5 97.0 123.9 100.6 144.6 82.4 108.5 109.0 100.2 128.0 101.9 147.7 84.9 110.3 112.5 102.6 130.4 102.1 148.7 84.0 111.1 114.2 104.0 133.2 93.2 90.7 91.7 94.6 98.8 103.9 109.1 113.7 113.7 96.4 95.1 95.1 96.6 98.7 99.9 101.7 106.9 108.1 Lumbar and wood products, except furniture Rubber and miscellaneous plastic products (1?/$0 100) ............................................................... Mar. Dec. Sept. Scientific instruments; optical goods; clocks Miscellaneous manufactured commodities 1 SIC - based classification. 42. Indexes of productivity, hourly compensation, and unit costs, quarterly data seasonally adjusted (1977 = 100) Quarterly Indexes III IV 107.4 180.4 100.2 168.0 161.9 165.8 107.3 181.7 100.4 169.3 163.4 167.2 106.8 182.6 100.2 171.0 159.7 167.0 105.6 178.3 98.8 168.8 163.9 167.1 105.7 179.3 99.7 169.6 163.7 167.5 105.7 180.4 99.6 170.7 165.9 169.0 105.3 181.6 99.6 172.5 162.2 168.9 107.0 174.5 97.0 167.2 163.0 179.8 131.2 162.8 162.9 106.9 175.4 97.1 168.3 164.0 181.1 131.7 163.8 164.0 106.8 176.1 97.8 168.6 164.8 179.9 132.3 163.2 164.3 106.9 176.8 97.7 169.8 165.4 182.6 135.8 166.2 165.7 107.2 177.8 97.6 169.6 165.8 180.9 136.8 165.5 165.7 122.9 179.3 99.7 145.8 123.7 180.2 99.8 145.7 124.7 181.4 100.8 145.5 125.8 182.5 100.8 145.1 125.8 183.5 100.7 145.9 I III IV 106.4 174.5 98.6 164.0 160.0 162.6 107.3 176.4 99.0 164.4 161.4 163.4 106.4 178.0 99.0 167.3 159.6 164.6 107.3 179.1 99.2 167.0 162.2 165.3 104.4 172.1 98.3 164.8 158.9 162.7 104.9 174.0 98.3 165.9 160.8 164.1 105.4 175.4 98.5 166.3 163.0 165.2 104.5 177.0 98.4 169.3 160.3 166.2 105.8 168.3 96.9 163.8 159.1 177.5 130.5 161.0 159.8 106.0 169.9 97.0 164.9 160.3 178.5 129.3 161.3 160.6 106.5 171.6 96.9 165.8 161.1 179.8 130.2 162.5 161.6 107.8 173.1 97.2 165.0 160.5 178.3 141.7 165.5 162.2 118.2 171.5 98.7 145.1 119.3 173.8 99.2 145.7 121.7 175.6 99.2 144.3 123.0 178.1 100.0 144.8 III IV 105.6 167.1 97.9 158.3 156.7 157.7 105.5 169.0 98.1 160.2 157.0 159.0 105.5 170.6 98.2 161.7 157.7 160.3 105.7 172.3 98.4 163.1 158.3 161.4 104.6 166.9 97.8 159.5 156.4 158.4 104.4 168.7 97.9 161.5 157.2 160.0 104.3 170.4 98.1 163.3 157.9 161.4 105.9 164.8 96.5 160.1 155.7 173.1 138.5 161.0 157.5 105.5 166.6 96.7 162.6 157.9 176.4 130.3 160.3 158.7 115.7 166.8 97.7 144.2 117.8 169.1 98.1 143.5 II 1986 1985 1984 Item I II II Business: Output per hour of all p e rs o n s ................................ Compensation per h o u r ............................................ Real compensation per h o u r .................................. Unit labor c o s ts .......................................................... Unit nonlabor p a y m e n ts........................................... Implicit price d e fla to r................................................ N o n fa rm business: Output per hour of all p e rs o n s................................ Compensation per h o u r............................................ Real compensation per h o u r ................................... Unit labor costs .......................................................... Unit nonlabor pay m e n ts........................................... Implicit price deflator ................................................. N o nflnan cial co rpo rations: Output per hour of all em plo yees........................... Compensation per h o u r............................................ Real compensation per h o u r ................................... Total unit c o s ts ....................................... ................... Unit labor costs ....................................................... Unit nonlabor c o s ts ................................................ Unit p ro fits .......................*........................................... Unit nonlabor pay m e n ts........................................... Implicit price d e fla to r................................................. M anufacturing: Output per hour of all p e rs o n s ................................ Compensation per h o u r............................................ Real compensation per h o u r ................................... Unit labor c o s ts .......................................................... Digitized for 90FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 43. Annual Indexes of multifactor productivity and related measures, selected years (1977 = 100) Item 1960 1970 1973 1975 1977 1979 1980 1981 1982 1983 1984 1985 P riv a te business Productivity: Output per hour of all persons................ Output per unit of capital services.......... Multifactor productivity............................. Output......................................................... Inputs: Hours of all persons................................. Capital services............. .......................... Combined* units of labor and capital input Capital per hour of all persons .................... 67.3 102.4 78.2 55.3 88.4 102.0 92.9 80.2 95.9 105.3 99.1 93.0 95.7 93.8 95.0 89.3 100.0 100.0 100.0 100.0 99.5 99.8 99.7 107.9 99.2 94.2 97.4 106.6 100.6 92.4 97.7 108.9 100.3 86.6 95.2 105.4 103.0 88.3 97.6 109.9 105.4 92.4 100.6 118.9 106.5 91.5 101.0 122.8 82.2 54.0 70.7 65.7 90.8 78.7 86.3 86.7 96.9 88.3 93.8 91.1 93.2 95.1 93.9 102.0 100.0 100.0 100.0 100.0 108.4 108.0 108.2 99.7 107.5 113.1 109.4 105.3 108.2 117.8 111.5 108.8 105.2 121.7 110.7 115.7 106.7 124.4 112.6 116.7 112.8 128.7 118.1 114.1 115.3 134.1 121.6 116.3 70.7 103.7 80.9 54.4 89.2 102.8 93.7 79.9 96.4 106.0 99.6 92.9 96.0 93.8 95.3 88.9 100.0 100.0 100.0 100.0 99.2 99.0 99.1 107.9 98.7 93.4 96.9 106.6 99.6 91.1 96.7 108.4 99.1 85.1 94.1 104.8 102.4 87.3 97.0 110.0 104.3 90.9 99.6 118.9 104.8 89.7 99.4 122.5 77.0 52.5 67.3 68.2 89.6 77.7 85.3 86.8 96.3 87.6 93.3 91.0 92.6 94.8 93.4 102.3 100.0 100.0 100.0 100.0 108.8 109.0 108.9 100.1 108.0 114.1 110.0 105.6 108.8 119.0 112.2 109.4 105.7 123.2 111.4 116.5 107.4 126.1 113.5 117.4 114.0 130.8 119.4 114.7 116.9 136.6 123.3 116.8 62.2 102.5 71.9 52.5 80.8 98.6 85.2 78.6 93.4 111.4 97.9 96.3 92.9 90.1 92.0 84.9 100.0 100.0 100.0 100.0 101.4 99.7 101.0 108.1 101.4 91.2 98.7 103.2 103.6 89.2 99.8 104.8 105.9 81.8 99.2 98.4 112.0 86.9 105.1 104.7 116.6 94.4 110.7 116.0 121.7 96.0 114.7 120.4 84.4 51.2 73.0 60.7 97.3 79.7 92.2 82.0 103.1 86.4 98.4 83.8 91.4 94.2 92.2 103.1 100.0 100.0 100.0 100.0 106.5 106.4 107.0 101.7 101.7 113.1 104.5 111.2 101.1 117.5 105.0 116.2 92.9 120.3 99.2 129.4 93.5 120.6 99.7 129.0 99.5 122.9 104.8 123.6 98.9 125.4 105.0 126.7 P riv a te n o n fa rm business Productivity: Output per hour of ail p e rs o n s .................. Output per unit of capital se rv ic e s........... Multifactor productivity................................ O u tp u t............................................................... Inputs: Hours of all persons.................................... Capital s e rv ic e s ........................................... Combined units of labor and capital input Capital per hour of all persons...................... M a nufacturin g Productivity: Output per hour of all p e rs o n s .................... Output per unit of capital se rvice s............. Multifactor productivity.............................. O u tp u t................................................................. Inputs: Hours of all persons...................................... Capital services ............................................. Combined units of labor and capital inputs Capital per hour of all persons....................... 44. Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years (1977=100) Item 1960 1970 67.6 33.6 68.9 49.7 46.4 48.5 88.4 57.8 90.2 65.4 59.4 63.2 71.0 35.3 72.3 49.7 46.3 48.5 89.3 58.2 90.8 60.0 63.4 73 4 36.9 75.5 49.4 50.2 47.0 59.8 51.5 50.7 91.1 59.2 92.4 64.8 65.0 64.2 52.3 60.1 63.3 62.2 36.5 74.8 58.7 60.0 59.1 80.8 57.4 89.5 71.0 64.1 69.0 1973 1975 1977 1979 1980 1981 1982 1983 1984 1985 1986 99.6 119.1 99.4 119.5 112.5 117.0 99.3 131.5 96.7 132.5 118.7 127.6 100.7 143.7 95.7 142.7 134.6 139.8 100.3 154.9 97.3 154.5 136.6 148.1 103.0 161.5 98.2 156.8 146.3 153.0 105.3 168.1 98.1 159.7 156.3 158.5 106.4 175.3 98.8 164.8 159.7 163.0 107.1 180.9 100.0 168.8 161.8 166.3 99.3 118.9 99.2 119.7 110.5 116.5 98.8 131.3 96.6 132.9 118.5 127.8 99.8 143.6 95.7 144.0 133.5 140.3 99.2 154.8 97.2 156.0 136.5 149.2 102.4 161.5 98.2 157.7 148.1 154.3 104.3 167.9 98.0 161.0 156.1 159.3 104.8 174.6 98.4 166.7 160.6 164.6 105.5 179.8 99.4 170.4 163.9 168.1 118.7 99.1 118.2 119.0 115.8 94.5 108.4 115.4 99.1 131.1 96.4 133.4 132.3 136.7 85.2 118.6 127.6 99.6 143.3 95.5 147.7 143.8 159.1 98.1 137.8 141.7 100.4 154.3 96.9 159.5 153.8 176.4 78.5 142.1 149.8 103.5 159.9 97.3 159.5 154.5 174.3 110.9 152.1 153.7 105.6 165.9 96.8 161.5 157.0 174.6 133.4 160.1 158.1 106.8 172.3 97.0 165.8 161.2 179.1 133.1 163.0 161.8 106.9 176.5 97.5 169.1 165.0 181.2 134.1 164.7 164.9 101.4 118.6 99.1 117.0 98.9 111.7 101.4 132.4 97.4 130.6 97.6 121.0 103.6 145.2 96.7 140.1 111.8 131.8 105.9 157.5 98.9 148.7 114.0 138.6 112.0 162.4 98.8 145.0 128.5 140.2 116.6 168.2 98.1 144.2 136.9 142.1 121.7 176.7 99.5 145.1 134.4 142.0 125.0 181.9 100.5 145.5 - Business: Output per hour of all p e rs o n s............... Compensation per h o u r.................. Real compensation per h o u r ............ Unit labor c o s ts ................ Unit nonlabor paym e n ts ................ Implicit price deflator ................... 95.9 C 7 Ö ./ 96.7 99.9 89.0 100.0 72.5 N o n fa rm business: Output per hour of all p e rs o n s................ Compensation per h o u r................... Real compensation per h o u r ............. Unit labor c o s ts ....................... Unit nonlabor p a ym e n ts ........................ Implicit price d e fla to r.................. 96.4 71.2 97.1 89.2 100.0 100.0 N o r financial c o rpo ra tions: Output per hour of all em plo yees............. Compensation per h o u r.................. Real compensation per h o u r .......................... Total unit c o s ts ......................... Unit labor costs ......................... Unit nonlabor c o s ts ......................... Unit p ro fits ............................... Unit nonlabor paym e n ts ............................... Implicit price d e fla to r....................... 97.5 71.6 97.6 96.7 96.7 70.7 68.9 71.9 M anufacturin g: Output per hour of all p e rs o n s .......................... Compensation per h o u r.............................. Real compensation per h o u r ............................. Unit labor c o s ts ................................. Unit nonlabor paym e n ts .............................. Implicit price d e fla to r............................. - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 93.4 68.8 93.8 70.7 72.8 92.9 95.9 91.7 100.0 " MONTHLY LABOR REVIEW Digitized for 92 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May 1987 • Current Labor Statistics: International Comparisons Data 45. Unemployment rates, approximating U.S. concepts, in nine countries, quarterly data seasonally adjusted Annual average 1985 1986 Country 1985 1986 II III IV I II III IV T o ta l labor fo rc e basis United S ta te s ........................................ Canada .................................................. Australia ................................................ Japan ..................................................... 7.1 10.4 8.2 2.6 6.9 9.5 8.0 2.8 7.1 10.5 8.4 2.5 7.1 10.2 8.1 2.6 7.0 10.1 7.8 2.9 7.0 9.7 7.8 2.6 7.0 9.5 7.7 2.8 6.8 9.6 8.3 2.9 6.8 9.4 8.3 2.9 France ................................................... G erm any................................................ Italy \ 2 .................................................. Sweden ................................................. ¿Jnited Kingdom .................................... 10.1 7.7 5.9 2.8 11.3 10.3 7.4 6.1 2.6 11.5 10.1 7.8 5.7 2.9 11.2 10.2 7.7 5.8 2.7 11.3 10.0 7.7 6.1 2.7 11.2 10.1 7.6 6.0 2.7 11.4 10.2 7.5 6.0 2.6 11.6 10.4 7.3 5.9 2.6 11.6 10.4 7.2 6.5 2.6 11.3 United S ta te s ........................................ Canada .................................................. Australia ................................................ Japan ...................................................... 7.2 10.5 8.3 2.6 7.0 9.6 8.1 2.8 7.2 10.6 8.5 2.6 7.2 10.2 8.2 2.7 7.1 10.1 7.9 2.9 7.1 9.7 7.8 2.7 7.1 9.6 7.8 2.8 6.9 9.7 8.3 2.9 6.9 9.4 8.4 2.9 F ra n c e ................................................... G erm any................................................ Italy’ , 2 .................................................... Sweden ................................................. United K ingdom .................................... 10.4 7.9 6.0 2.8 11.3 10.5 7.5 6.2 2.7 11.5 10.4 7.9 5.8 2.9 11.3 10.4 7.9 6.0 2.8 11.3 10.3 7.8 6.2 2.7 11.3 10.3 7.8 6.1 2.8 11.5 10.5 7.6 6.1 2.6 11.7 10.6 7.5 6.0 2.6 11.6 10.6 7.3 6.6 2.6 11.3 Civilian lab o r fo rc e basis 1 Quarterly rates are for the first month of the quarter. 2 Major changes in the Italian labor force survey, Intro duced In 1977, resulted in a large increase In persons enu merated as unemployed. However, many persons reported that they had not actively sought work in the past 30 days, and they have been provisionally excluded for comparability with U.S. concepts. Inclusion of such persons would about double the Italian unemployment rate shown. NOTE: Quarterly figures for France, Germany, and the United Kingdom are calculated by applying annual adjust ment factors to current published data and therefore should be viewed as less precise indicators of unemployment under U.S. concepts than the annual figures. 46. Annual data: Employment status of the civilian working-age population, approximating U.S. concepts, 10 countries (Numbers in thousands) Employment status and country 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 99,009 10,500 6,358 53,820 22,300 25,870 20,510 4,950 4,168 26,050 102,251 10,895 6,443 54,610 22,470 26,000 20,570 5,010 4,203 26,260 104,962 11,231 6,519 55,210 22,670 26,250 20,850 5,100 4,262 26,350 106,940 11,573 6,693 55,740 22,790 26,520 21,120 5,310 4,312 26,520 108,670 11,904 6,810 56,320 22,930 26,650 21,320 5,520 4,326 26,590 110,204 11,958 6,910 56,980 23,150 26,710 21,410 5,600 4,350 26,740 111,550 12,183 6,997 58,110 23,130 26,740 21,590 5,730 4,369 26,780 113,544 12,399 7,133 58,480 23,290 26,880 21,670 5,720 4,385 27,120 115,461 12,639 7,272 58,820 23,310 27,100 21,800 5,830 4,418 27,300 117,834 12,870 7,562 59,420 23,520 27,300 21,970 62.3 61.6 62.7 62.5 57.6 53.4 48.2 49.0 65.9 62.7 63.2 62.7 62.0 62.8 57.5 53.3 47.8 48.8 66.1 62.8 63.7 63.4 61.7 62.7 57.5 53.3 48.0 49.0 66.6 62.6 63.8 64.1 62.2 62.6 57.2 53.2 48.2 50.2 67.0 62.5 63.9 64.8 62.0 62.6 57.1 52.9 48.3 51.4 66.8 62.2 64.0 64.1 61.8 62.7 57.1 52.7 47.7 51.5 66.8 62.3 64.0 64.4 61.5 63.1 56.6 52.5 47.5 52.1 66.7 62.1 64.4 64.8 61.5 62.7 56.6 52.6 47.3 51.4 66.6 62.4 64.8 65.2 61.8 62.3 56.3 53.2 47.2 52.1 67.1 62.6 65.3 65.7 63.0 62.1 56.3 53.5 47.5 92,017 9,651 6,000 52,720 21,180 24,970 19,670 4,700 4,093 24,400 96,048 9,987 6,038 53,370 21,260 25,130 19,720 4,750 4,109 24,610 98,824 10,395 6,111 54,040 21,300 25,470 19,930 4,830 4,174 24,940 99,303 10,708 6,284 54,600 21,320 25,750 20,200 4,980 4,226 24,670 100,397 11,006 6,416 55,060 21,200 25,560 20,280 5,010 4,218 23,800 99,526 10,644 6,415 55,620 21,230 25,130 20,250 4,970 4,213 23,710 100,834 10,734 6,300 56,550 21,170 24,750 20,320 4,900 4,218 23,600 105,005 11,000 6,490 56,870 20,980 24,790 20,390 4,920 4,249 23,960 107,150 11,311 6,670 57,260 20,890 24,970 20,490 5,080 4,293 24,210 109,597 11,634 6,952 57,750 21,050 25,240 20,610 57.9 56.6 59.2 61.2 54.7 51.6 46.3 46.5 64.8 58.7 59.3 57.5 58.1 61.3 54.4 51.5 45.9 46.3 64.6 58.8 59.9 58.7 57.9 61.4 54.0 51.7 45.9 46.4 65.3 59.2 59.2 59.3 58.4 61.3 53.5 51.7 46.1 47.0 65.6 58.1 59.0 59.9 58.4 61.2 52.8 50.8 45.9 46.6 65.1 55.7 57.8 57.0 57.3 61.2 52.3 49.6 45.2 45.7 64.7 55.3 57.9 56.7 55.4 61.4 51.8 48.6 44.7 44.6 64.4 54.7 59.5 57.4 56.0 61.0 51.0 48.5 44.5 44.2 64.6 55.2 60.1 58.4 56.6 60.6 50.5 49.0 44.4 45.4 65.2 55.5 60.7 59.4 57.9 60.4 50.4 49.5 44.6 6,991 849 358 1,100 1,120 900 840 250 75 1,660 6,202 908 405 1,240 1,210 870 850 260 94 1,650 6,137 836 408 1,170 1,370 780 920 270 88 1,420 7,637 865 409 1,140 1,470 770 920 330 86 1,850 8,273 898 394 1,260 1,730 1,090 1,040 510 108 2,790 10,678 1,314 495 1,360 1,920 1,580 1,160 630 137 3,040 10,717 1,448 697 1,560 1,960 1,990 1,270 830 151 3,180 8,539 1,399 642 1,610 2,310 2,090 1,280 800 136 3,170 8,312 1,328 602 1,560 2,420 2,130 1,310 750 125 3,090 7.1 8.1 5.6 2.0 5.0 3.5 4.1 5.1 1.8 6.4 6.1 8.3 6.3 2.3 5.4 3.4 4.1 5.2 2.2 6.3 5.8 7.4 6.3 2.1 6.0 3.0 4.4 5.3 2.1 5.4 7.1 7.5 6.1 2.0 6.4 2.9 4.4 6.2 2.0 7.0 7.6 7.5 5.8 2.2 7.5 4.1 4.9 9.2 2.5 10.5 9.7 11.0 7.2 2.4 8.3 5.9 5.4 11.3 3.1 11.8 9.6 11.9 10.0 2.7 8.5 7.4 5.9 14.5 3.5 11.9 7.5 11.3 9.0 2.8 9.9 7.8 5.9 14.0 3.1 11.7 7.2 10.5 8.3 2.6 10.4 7.9 6.0 12.9 2.8 11.3 L a b o r fo rc e United S ta te s ....................................... Canada ........................................... A u stralia................................... Japan .......................................... France ........................................... G erm any....................................... Italy ............................................... N etherlands................................. S w e d e n ................................... United K ingdo m ................................... 4,437 27,310 P a rticip a tio n r a te 1 United S ta te s ..................................... Canada ........................................... A u stralia............................................... Japan ................................... F ra n ce .............................................. G erm any............................................... Ita ly ..................................................... N etherlands..................................... S w e d e n .................................................. United K ingdo m .................................. 67.3 62.6 E m ployed United S ta te s .......................................... Canada ...................................................... A u stralia........................................................ Japan .............................................. France ............................................... G erm any............................................. Ita ly .................................................... N etherlands................................. S w eden.......................................................... United K ingdo m ............................................... 4,319 24,160 E m p lo ym en t-p o p u latio n ra tio 2 United S ta te s ..................................... Canada ......................................................... A u stralia.................................................... Japan ................................................. France ........................................... G erm any............................................... Ita ly ................................................ N etherlands................................... S w e d e n ............................................. United K ingdom ....................................... 65.5 55.4 U n em p lo yed United S ta te s ......................................... Canada ............................................... A u stralia..................................... Japan ......................................................... France ....................................... G erm any.......................................... Ita ly ................................................. N etherlands............................................. S w e d e n ........................................... United K ingdo m .......................................... 8,237 1,236 610 1,670 2,470 2,060 1,360 118 3,150 U n e m p lo y m e n t rate United S ta te s ................................................... Canada .................................................... A u stralia..................................................... Japan ......................................................... France .................................................... G erm any................................................ Ita ly ................................................................. N etherlands....................................................... S w e d e n ................................................. United K ingdo m ................................................ Labor force as a percent of the civilian working-age population. Employment as a percent of the civilian working-age population. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Data not available. 7.0 9.6 8.1 2.8 10.5 7.5 6.2 27 11.5 MONTHLY LABOR REVIEW 47. May 1987 • Current Labor Statistics: International Comparisons Data Annual indexes of manufacturing productivity and related measures, 12 countries (1977 = 100) __________________________________________________ Item and country 1960 1970 1973 1974 1975 1976 1978 1979 1980 1981 1982 1983 1984 1985 O utp ut p e r hour United K ingdo m .......................................................... 62.2 50.3 23.2 32.8 37.2 36.4 40.3 36.5 32.4 54.6 42.3 55.4 80.8 76.8 64.8 59.9 65.5 69.6 71.2 72.7 64.3 81.7 80.7 79.9 93.4 91.3 83.1 78.2 83.2 82.2 84.0 90.9 81.5 94.6 94.8 95.7 90.6 93.4 86.5 82.6 86.0 85.2 87.4 95.3 88.1 97.7 98.8 97.2 92.9 91.0 87.7 85.9 94.6 88.5 90.1 91.1 86.2 96.8 100.2 95.3 97.1 96.2 94.3 95.1 98.2 95.0 96.5 98.9 95.8 99.7 101.7 99.6 101.5 101.4 108.0 106.3 101.5 105.7 103.1 103.0 106.4 101.8 102.8 101.5 101.4 104.2 114.8 112.3 106.5 110.3 108.2 110.5 112.3 107.1 110.9 102.6 101.4 101.9 122.7 119.7 112.3 112.0 108.6 116.9 113.9 106.7 112.7 102.1 103.6 104.0 127.2 128.1 114.2 116.4 111.0 121.0 116.9 107.0 113.2 107.5 105.9 101.0 135.0 135.7 114.6 123.5 112.6 123.4 119.4 109.8 116.5 113.2 112.0 107.6 142.3 144.7 117.0 128.8 119.1 126.6 127.5 116.3 125.5 121.5 116.6 111.5 152.2 149.8 118.2 133.8 123.5 133.5 141.2 119.3 131.0 126.9 121.7 115.1 159.9 156.7 119.1 138.3 130.4 137.6 145.6 120.5 134.5 131.3 52.5 41.5 19.2 41.6 49.2 35.4 50.0 37.4 44.8 55.1 52.6 71.2 78.6 75.1 69.9 78.0 82.0 73.3 86.6 78.0 84.4 86.9 92.5 95.0 96.3 94.6 91.9 95.7 95.9 88.6 96.1 90.5 95.8 99.5 100.3 104.8 91.7 98.0 91.7 99.5 97.4 91.8 95.4 96.3 100.0 104.0 105.7 103.5 84.9 92.3 86.2 92.0 95.0 90.0 91.0 86.9 92.7 101.0 106.1 96.3 93.1 98.1 94.8 99.4 99.6 96.1 98.0 97.9 99.0 101.4 106.1 98.2 106.0 104.9 106.7 101.6 99.7 103.4 101.8 101.8 102.8 98.2 97.3 100.6 108.1 110.9 113.9 104.4 105.4 106.1 106.6 108.6 106.1 100.3 103.6 100.5 103.2 107.7 124.1 107.3 110.1 106.6 106.6 115.4 106.6 98.8 104.0 91.7 104.8 108.8 129.8 106.0 106.6 105.9 104.9 114.3 106.7 97.7 100.6 86.2 98.4 96.4 137.3 110.5 108.3 106.0 102.4 111.6 105.0 97.4 100.1 86.4 104.7 101.7 148.2 112.1 111.9 107.4 103.6 109.2 107.0 96.4 105.2 88.9 116.0 110.1 165.2 114.1 118.4 108.4 106.4 113.2 112.9 98.8 111.5 92.4 120.4 115.2 175.8 115.1 124.7 108.6 111.7 115.3 115.3 101.2 113.8 95.3 84.4 82.6 82.7 127.1 132.4 97.2 123.8 102.3 138.4 101.0 124.4 128.5 97.3 97.7 107.9 130.2 125.1 105.3 121.7 107.4 131.2 106.4 114.6 118.9 103.1 103.6 110.7 122.3 115.2 107.8 114.4 99.6 117.6 105.1 105.7 109.5 101.2 105.0 106.1 120.4 113.2 107.8 109.2 101.0 113.5 106.5 107.0 106.5 91.4 101.4 98.2 107.1 100.4 101.7 101.0 95.4 107.6 104.3 105.9 101.1 95.9 102.0 100.6 104.6 101.4 101.2 101.6 99.0 103.3 101.7 104.3 98.6 104.4 103.4 98.8 95.5 98.3 97.8 98.7 98.8 96.6 96.5 94.6 99.2 106.5 106.4 99.3 93.0 99.0 96.2 98.5 98.2 94.4 93.6 93.4 98.0 101.7 105.7 101.2 89.6 98.1 95.2 98.1 98.7 93.6 92.6 92.3 89.9 101.1 104.6 102.0 82.8 93.4 91.0 94.6 94.5 91.2 91.3 88.9 80.3 92.9 95.4 101.7 81.4 94.5 85.8 91.0 90.4 88.0 88.6 85.9 76.3 93.5 94.6 104.2 77.5 95.7 83.4 87.0 86.2 83.9 82.9 83.9 73.2 99.5 98.7 108.5 76.2 100.2 81.0 86.2 84.8 79.9 82.8 85.1 72.8 98.9 100.1 110.0 73.5 104.7 78.6 ü5.7 83.8 79.2 84.0 84.6 72.6 36.5 27.1 8.9 13.8 12.6 15.1 18.8 8.3 12.5 15.8 14.7 15.2 57.3 46.5 33.9 34.9 36.3 36.6 48.0 26.1 39.0 37.9 38.5 31.5 68.8 59.2 55.1 53.5 56.1 52.3 67.5 43.7 60.5 54.5 54.2 48.3 76.2 68.5 72.3 65.2 67.9 62.0 76.9 54.5 71.9 63.6 63.8 57.8 85.1 78.2 84.2 79.0 81.0 76.7 84.5 70.2 82.2 77.2 77.3 77.4 92.1 89.9 90.7 89.5 90.4 88.9 91.3 84.2 91.9 88.8 91.5 89.4 108.2 106.7 106.6 107.8 110.2 113.5 107.8 114.5 108.4 110.0 111.4 116.4 118.6 118.3 113.4 117.5 123.1 129.3 116.1 134.7 117.0 116.0 120.1 138.8 132.4 130.6 120.7 130.4 135.9 148.2 125.6 160.2 123.6 128.0 133.6 168.6 145.2 151.5 129.8 144.5 149.6 171.5 134.5 197.1 129.1 142.8 148.1 193.0 157.5 167.1 136.6 150.7 162.9 202.3 141.0 237.3 137.5 156.0 158.9 212.6 162.4 179.3 140.7 159.8 174.3 227.0 148.4 276.4 144.0 173.5 173.3 227.9 168.2 182.1 144.8 173.1 184.0 246.9 155.5 299.7 151.0 188.3 189.7 244.2 176.7 191.4 148.3 181.4 194.2 261.4 164.9 330.4 159.0 202.7 208.9 262.0 58.7 53.9 38.4 42.0 33.8 41.6 46.6 22.8 38.5 29.0 34.8 27.4 70.9 60.6 52.3 58.2 55.4 52.6 67.4 36.0 60.7 46.4 47.7 39.4 73.7 64.8 66.4 68.4 67.4 63.6 80.3 48.1 74.3 57.6 57.2 50.4 84.1 73.3 83.6 78.9 79.0 72.8 88.0 57.2 81.6 65.2 64.6 59.5 91.7 86.0 96.0 91.9 85.6 86.7 93.8 77.1 95.4 79.7 77.1 81.2 94.9 93.5 96.2 94.2 92.1 93.6 94.6 85.1 96.0 89.1 90.0 89.8 106.6 105.3 98.7 101.4 108.6 107.4 104.5 111.2 101.8 108.1 108.4 114.7 117.0 113.5 98.8 104.7 115.7 117.3 107.3 121.9 104.1 108.2 108.3 135.3 130.6 128.1 98.4 109.0 121.0 132.3 115.7 137.0 108.5 120.0 118.6 165.1 140.1 145.7 102.0 112.8 131.1 147.4 121.2 162.9 110.4 133.4 130.9 179.6 148.7 165.4 101.2 111.1 142.2 163.8 125.2 192.4 115.2 142.1 136.3 187.7 145.0 166.7 98.9 110.5 149.0 176.2 124.6 218.3 113.0 149.2 138.1 187.6 144.2 163.2 95.1 115.6 155.6 184.5 125.9 224.5 106.9 157.8 144.8 192.4 145.1 166.3 92.7 115.8 163.1 189.1 126.5 240.1 109.2 168.3 155.3 199.6 58.7 59.0 28.5 30.2 29.5 41.7 25.9 32.5 25.1 21.7 30.1 44.1 70.9 61.7 39.1 42.0 44.4 46.8 42.9 50.6 41.2 34.5 41.1 54.1 73.7 68.8 65.6 63.1 67.2 70.4 70.4 73.1 65.6 53.4 58.7 70.8 84.1 79.7 76.8 72.7 77.9 74.5 79.1 77.6 74.6 62.8 65.1 79.7 91.7 89.8 86.7 89.7 89.6 99.5 88.7 104.3 92.8 81.4 83.2 103.3 94.9 100.7 86.9 87.5 91.5 96.3 87.3 90.5 89.1 86.9 92.3 92.8 106.6 98.1 126.8 115.6 118.4 117.3 121.0 115.6 115.7 109.7 107.2 126.1 117.0 103.0 121.3 127.9 132.0 135.5 135.9 129.5 127.4 113.8 112.9 164.6 130.6 116.4 116.8 133.7 129.0 154.1 147.9 141.4 134.2 129.3 125.3 220.1 140.1 129.1 123.8 109.2 110.3 133.2 124.9 126.3 108.9 123.6 115.4 208.4 148.7 142.3 108.8 86.9 102.3 122.4 119.7 125.4 105.8 117.1 96.9 188.1 145.0 143.7 111.5 77.4 97.7 113.7 113.3 126.8 97.1 108.7 80.4 163.0 144.2 133.9 107.2 71.7 90.2 103.8 102.7 112.8 81.8 102.9 78.2 147.4 145.1 129.4 104.2 69.9 92.4 103.5 99.8 111.1 80.7 104.2 80.6 148.4 O utp ut United K ingdo m .......................................................... T o ta l hours United K ingdo m .......................................................... C o m p e n s a tio n p e r hour United K ingdo m .......................................................... Unit lab o r costs: National currency basis U n it lab o r costs: U S. dollar basis United K ingdo m ......................................................... - Data not available. Digitized for 94FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 48. Occupational injury and illness incidence rates by industry, United States Incidence rates per 100 full-time workers2 Industry and type of case1 1977 1978 1979 1980 1981 1982 1983 1984 1985 P R IV A T E S E C TO R 3 Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... 9.3 3.8 61.6 9.4 4.1 63.5 9.5 4.3 67.7 8.7 4.0 65.2 8.3 3.8 61.7 7.7 3.5 58.7 7.6 3.4 58.5 8.0 3.7 63.4 7.9 3.6 64.9 11.5 5.1 81.1 11.6 5.4 80.7 11.7 5.7 83.7 11.9 5.8 82.7 12.3 5.9 82.8 11.8 5.9 86.0 11.9 6.1 90.8 12.0 6.1 90.7 11.4 5.7 91.3 10.9 6.0 128.8 11.5 6.4 143.2 11.4 6.8 150.5 11.2 6.5 163.6 11.6 6.2 146.4 10.5 5.4 137.3 8.4 4.5 125.1 9.7 5.3 160.2 8.4 4.8 145.3 15.5 5.9 111.5 16.0 6.4 109.4 16.2 6.8 120.4 15.7 6.5 117.0 15.1 6.3 113.1 14.6 6.0 115.7 14.8 6.3 118.2 15.5 6.9 128.1 15.2 6.8 128.9 15.0 5.7 100.2 15.9 6.3 105.3 16.3 6.8 111.2 15.5 6.5 113.0 15.1 6.1 107.1 14.1 5.9 112.0 14.4 6.2 113.0 15.4 6.9 121.3 15.2 6.8 120.4 16.0 5.7 116.7 16.6 6.2 110.9 16.6 6.7 123.1 16.3 6.3. 117.6 14.9 6.0 106.0 15.1 5.8 113.1 15.4 6.2 122.4 14.9 6.4 131.7 14.5 6.3 127.3 15.6 6.1 115.5 15.8 6.6 111.0 16.0 6.9 124.3 15.5 6.7 118.9 15.2 6.6 119.3 14.7 6.2 118.6 14.8 6.4 119.0 15.8 7.1 130.1 15.4 7.0 133.3 13.1 5.1 82.3 13.2 5.6 84.9 13.3 5.9 90.2 12.2 5.4 86.7 11.5 5.1 82.0 10.2 4.4 75.0 10.0 4.3 73.5 10.6 4.7 77.9 10.4 4.6 80.2 22.3 10.4 178.0 22.6 11.1 178.8 20.7 10.8 175.9 18.6 9.5 171.8 17.6 9.0 158.4 16.9 8.3 153.3 18.3 9.2 163.5 19.6 9.9 172.0 18.5 9.3 171.4 17.2 6.0 92.0 17.5 6.9 95.9 17.6 7.1 99.6 16.0 6.6 97.6 15.1 6.2 91.9 13.9 5.5 85.6 14.1 5.7 83.0 15.3 6.4 101.5 15.0 6.3 100.4 16.9 6.9 120.4 16.8 7.8 126.3 16.8 8.0 133.7 15.0 7.1 128.1 14.1 6.9 122.2 13.0 6.1 112.2 13.1 6.0 112.0 13.6 6.6 120.8 13.9 6.7 127.8 16.2 6.8 119.4 17.0 7.5 123.6 17.3 8.1 134.7 15.2 7.1 128.3 14.4 6.7 121.3 12.4 5.4 101.6 12.4 5.4 103.4 13.3 6.1 115.3 12.6 5.7 113.8 19.1 7.2 109.0 19.3 8.0 112.4 19.9 8.7 124.2 18.5 8.0 118.4 17.5 7.5 109.9 15.3 6.4 102.5 15.1 6.1 96.5 16.1 6.7 104.9 16.3 6.9 110.1 14.0 4.7 69.9 14.4 5.4 75.1 14.7 5.9 83.6 13.7 5.5 81.3 12.9 5.1 74.9 10.7 4.2 66.0 9.8 3.6 58.1 10.7 4.1 65.8 10.8 4.2 69.3 8.6 3.0 46.7 8.7 3.3 50.3 8.6 3.4 51.9 8.0 3.3 51.8 7.4 3.1 48.4 6.5 2.7 42.2 6.3 2.6 41.4 6.8 2.8 45.0 6.4 2.7 45.7 11.8 5.0 79.3 11.5 5.1 78.0 11.6 5.5 85.9 10.6 4.9 82.4 9.8 4.6 78.1 9.2 4.0 72.2 8.4 3.6 64.5 9.3 4.2 68.8 9.0 3.9 71.6 7.0 2.4 37.4 6.9 2.6 37.0 7.2 2.8 40.0 6.8 2.7 41.8 6.5 2.7 39.2 5.6 2.3 37.0 5.2 2.1 35.6 5.4 2.2 37.5 5.2 2.2 37.9 11.5 4.0 58.7 11.8 4.5 66.4 11.7 4.7 67.7 10.9 4.4 67.9 10.7 4.4 68.3 9.9 4.1 69.9 9.9 4.0 66.3 10.5 4.3 70.2 9.7 4.2 73.2 A g riculture, fo re s try , and fish ing3 Total c a s e s .......................................................................................................... Lost workday cases .......................................................................................... Lost w o rkda ys..................................................................................................... Mining Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w orkdays..................................................................................................... C o n stru ctio n Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... General building contractors: Total c a s e s ........................................................................................... .............. Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Heavy construction contractors: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Special trade contractors: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays..................................................................................................... M a nufacturin g Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays.................................................................................. .................. D u ra ble go o d s Lumber and wood products: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays..................................................................................................... F u r n itu r e a n d fix t u r e s : Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays..................................................................................................... Stone, clay, and glass products: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Primary metal industries: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Fabricated metal products: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays..................................................................................................... Machinery, except electrical: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkdays..................................................................................................... Electric and electronic equipment: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Transportation equipment: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Instruments and related products: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... Miscellaneous manufacturing industries: Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost w o rkda ys..................................................................................................... See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MONTHLY LABOR REVIEW May 1987 • Current Labor Statistics: Illness and Injury Data 48. Continued— Occupational injury and illness incidence rates by industry, United States Incidence rates per 100 full-time workers2 Industry and type of case1 1977 1978 1979 1980 1981 1982 1983 1984 1985 N o n d u rab le go o d s Food and kindred products: Total c a s e s .......................................................................................................... Lost workday cases ........................................................................................... Lost w o rkda ys..................................................................................................... Tobacco manufacturing: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Textile mill products: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Apparel and other textile products: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Paper and allied products: Total c a s e s .......................................................................................................... Lost workday cases ........................................................................................... Lost w o rkda ys..................................................................................................... Printing and publishing: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Chemicals and allied products: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Petroleum and coal products: Total c a s e s .......................................................................................................... Lost workday cases ........................................................................................... Lost w o rkda ys..................................................................................................... Rubber and miscellaneous plastics products: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkdays..................................................................................................... Leather and leather products: Total c a s e s .......................................................................................................... Lost workday cases ........................................................................................... Lost w o rkda ys..................................................................................................... 19.5 8.5 130.1 19.4 8.9 132.2 19.9 9.5 141.8 18.7 9.0 136.8 17.8 8.6 130.7 16.7 8.0 129.3 16.5 7.9 131.2 16.7 8.1 131.6 16.7 8.1 138.0 9.1 3.8 66.7 8.7 4.0 58.6 9.3 4.2 64.8 8.1 3.8 45.8 8.2 3.9 56.8 7.2 3.2 44.6 6.5 3.0 42.8 7.7 3.2 51.7 7.3 3.0 51.7 10.2 2.9 57.4 10.2 3.4 61.5 9.7 3.4 61.3 9.1 3.3 62.8 8.8 3.2 59.2 7.6 2.8 53.8 7.4 2.8 51.4 8.0 3.0 54.0 7.5 3.0 57.4 6.7 2.0 31.7 6.5 2.2 32.4 6.5 2.2 34.1 6.4 2.2 34.9 6.3 2.2 35.0 6.0 2.1 36.4 6.4 2.4 40.6 6.7 2.5 40.9 6.7 2.6 44.1 13.6 5.0 101.6 13.5 5.7 103.3 13.5 6.0 108.4 12.7 5.8 112.3 11.6 5.4 103.6 10.6 4.9 99.1 10.0 4.5 90.3 10.4 4.7 93.8 10.2 4.7 94.6 6.8 2.7 41.7 7.0 2.9 43.8 7.1 3.1 45.1 6.9 3.1 46.5 6.7 3.0 47.4 6.6 2.8 45.7 6.6 2.9 44.6 6.5 2.9 46.0 6.3 2.9 49.2 8.0 3.1 51.4 7.8 3.3 50.9 7.7 3.5 54.9 6.8 3.1 50.3 6.6 3.0 48.1 5.7 2.5 39.4 5.5 2.5 42.3 5.3 2.4 40.8 5.1 2.3 38.8 8.1 3.3 59.2 7.9 3.4 58.3 7.7 3.6 62.0 7.2 3.5 59.1 6.7 2.9 51.2 5.3 2.5 46.4 5.5 2.4 46.8 5.1 2.4 53.5 5.1 2.4 49.9 16.8 7.6 118.1 17.1 8.1 125.5 17.1 8.2 127.1 15.5 7.4 118.6 14.6 7.2 117.4 12.7 6.0 100.9 13.0 6.2 101.4 13.6 6.4 104.3 13.4 6.3 107.4 11.5 4.4 68.9 11.7 4.7 72.5 11.5 4.9 76.2 11.7 5.0 82.7 11.5 5.1 82.6 9.9 4.5 86.5 10.0 4.4 87.3 10.5 4.7 94.4 10.3 4.6 88.3 9.7 5.3 95.9 10.1 5.7 102.3 10.0 5.9 107.0 9.4 5.5 104.5 9.0 5.3 100.6 8.5 4.9 96.7 8.2 4.7 94.9 8.8 5.2 105.1 8.6 5.0 107.1 7.7 2.9 44.0 7.9 3.2 44.9 8.0 3.4 49.0 7.4 3.2 48.7 7.3 3.1 45.3 7.2 3.1 45.5 7.2 3.1 47.8 7.4 3.3 50.5 7.4 3.2 50.7 8.5 3.6 52.5 8.9 3.9 57.5 8.8 4.1 59.1 8.2 3.9 58.2 7.7 3.6 54.7 7.1 3.4 52.1 7.0 3.2 50.6 7.2 3.5 55.5 7.2 3.5 59.8 7.4 2.7 40.5 7.5 2.8 39.7 7.7 3.1 44.7 7.1 2.9 44.5 7.1 2.9 41.1 7.2 2.9 42.6 7.3 3.0 46.7 7.5 3.2 48.4 7.5 3.1 47.0 2.0 .8 10.4 2.1 .8 12.5 2.1 .9 13.3 2.0 .8 12.2 1.9 .8 11.6 2.0 .9 13.2 2.0 .9 12.8 1.9 .9 13.6 2.0 .9 15.4 5.5 2.2 35.4 5.5 2.4 36.2 5.5 2.5 38.1 5.2 2.3 35.8 5.0 2.3 35.9 4.9 2.3 35.8 5.1 2.4 37.0 5.2 2.5 41.1 5.4 2.6 45.4 T ra n s p o rta tio n an d public utilities Total c a s e s .......................................................................................................... Lost workday c a s e s .......................................................................................... Lost workdays ................................................................................................... W h o le s a le and retail tra d e Total c a s e s .......................................................................................................... Lost workday cases ........................................................................................... Lost w o rkda ys..................................................................................................... Wholesale trade: Total c a s e s .......................................................................................................... Lost workday cases .......................................................................................... Lost w o rkda ys..................................................................................................... Retail trade: Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... Finance, insurance, and real e s ta te Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... S e rv ices Total c a s e s .......................................................................................................... Lost workday c a s e s ........................................................................................... Lost w o rkda ys..................................................................................................... 1 Total cases include fatalities. 2 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: N = number of injuries and illnesses or lost workdays. EH = total hours worked by all employees during calendar year. 200,000 = base for 100 full-time equivalent workers (working 40 hours per week, 50 weeks per year.) 3 Excludes farms with fewer than 11 employees since 1976. 96 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 U. S. G O V ER N M E N T P R IN T IN G O F F IC E : 1987 18 -5 1 2 /4 0 0 1 5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis fti *'«!•! 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