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MONTHLY LABOR REVIEW U.S. D e p a rtm e n t of Labor B u re a u of L ab o r S ta tistics N o v e m b e r 1983 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis In this issue: Projections of the U.S. labor force, GNP, industrial growth, and occupations to 1995 V U.S. DEPARTMENT OF LABOR Raymond J. Donovan, Secretary BUREAU OF LABOR STATISTICS J a n e t L. N o rw o o d , Commissioner T h e M o n th ly L a b o r R e v ie w is p u b lis h e d b y th e B u re a u o f L a b o r S ta tis tic s o f th e U .S . D e p a rtm e n t o f L a b o r. C o m m u n ic a tio n s o n e d ito ria l m a tte rs s h o u ld b e a d d re s s e d to th e E d ito r-in -C h ie f, M o n th ly L a b o r R e v ie w , B u re a u o f L a b o r S ta tis tic s , W a s h in g to n , D .C . 2 0 2 1 2 . P h o n e : (2 0 2 ) 5 2 3 - 1 3 2 7 . S u b s c rip tio n p ric e p e r y e a r— $ 2 6 d o m e s tic : $ 3 2 .5 0 fo re ig n . S in g le c o p y $ 5 , d o m e s tic : $ 6 .2 5 , fo re ig n . S u b s c rip tio n p ric e s a n d d is trib u tio n p o lic ie s fo r th e M o n th ly L a b o r R e v ie w (IS S N 0 0 9 8 -1 8 1 8 ) a n d o th e r G o v e rn m e n t p u b lic a tio n s a re s e t b y th e G o v e rn m e n t P rin tin g O ffic e , a n a g e n c y o f th e U .S . C o n g re s s . S e n d c o rre s p o n d e n c e o n c irc u la tio n a n d s u b s c rip tio n m a tte rs (in c lu d in g a d d re s s c h a n g e s ) to : S u p e rin te n d e n t o f D o c u m e n ts , G o v e rn m e n t P rin tin g O ffic e , W a s h in g to n , D .C . 2 0 4 0 2 M a k e c h e c k s p a y a b le to S u p e rin te n d e n t o f D o c u m e n ts . T h e S e c re ta ry o f L a b o r h a s d e te rm in e d th a t th e p u b lic a tio n o f th is p e rio d ic a l is n e c e s s a ry in th e tra n s a c tio n o f th e p u b lic b u s in e s s re q u ire d b y la w o f th is D e p a rtm e n t. U s e o f fu n d s fo r p rin tin g th is p e rio d ic a l h a s b e e n a p p ro v e d b y th e D ire c to r o f th e O ffic e o f M a n a g e m e n t a n d B u d g e t th ro u g h A p ril 3 0 , 198 7 . S e c o n d -c la s s p o s ta g e p a id a t W a s h in g to n . D .C . a n d a t a d d itio n a l m a ilin g a d d re s s e s . Regional Commissioners for Bureau of Labor Statistics R e g io n I— B o s to n : Anthony J. Ferrara 1 6 0 3 J F K F e d e ra l B u ild in g , G o v e rn m e n t C e n te r, B o s to n , M a s s . 0 2 2 0 3 P h o n e : (6 1 7 ) 2 2 3 - 6 7 6 1 C o n n e c tic u t M a in e M a s s a c h u s e tts N e w H a m p s h ire R h o d e Is la n d V e rm o n t R e g io n II— N e w Y o rk : Samuel M. Ehrenhalt 1 5 1 5 B ro a d w a y , S u ite 3 4 0 0 , N e w Y o rk , N .Y . 1 0 0 3 6 P h o n e : (2 1 2 ) 9 4 4 - 3 1 2 1 N e w J e rs e y N e w Y o rk P u e rto R ico V irg in Is la n d s R e g io n III— P h ila d e lp h ia : Alvin I. Margulis 3 5 3 5 M a rk e t S tre e t P .O . B o x 1 3 3 0 9 , P h ila d e lp h ia , P a. 19101 P h o n e : (2 1 5 ) 5 9 6 - 1 1 5 4 D e la w a re D is tric t o f C o lu m b ia M a ry la n d P e n n s y lv a n ia V irg in ia W e s t V irg in ia R e g io n IV — A tla n t a : Donald M. Cruse 1371 P e a c h tre e S tre e t, N .E .. A tla n ta , G a . 3 0 3 6 7 P h o n e : (4 0 4 ) 8 8 1 - 4 4 1 8 A la b a m a F lo rid a G e o rg ia K e n tu c k y M is s is s ip p i N o rth C a ro lin a S o u th C a ro lin a Tennessee R e g io n V — C h ic a g o : William E. Rice 9 th F lo o r, F e d e ra l O ffic e B u ild in g , 2 3 0 S. D e a rb o rn S tre e t, C h ic a g o , III. 6 0 6 0 4 P h o n e : (3 1 2 ) 3 5 3 - 1 8 8 0 Illin o is In d ia n a M ic h ig a n M in n e s o ta O h io W is c o n s in R e g io n V I— D a lla s : Bryan Richey S e c o n d F lo o r, 5 5 5 G riffin S q u a re B u ild in g , D a lla s , T e x . 7 5 2 0 2 P h o n e : (2 1 4 ) 7 6 7 - 6 9 7 1 A rka n sa s L o u is ia n a N e w M e x ic o O k la h o m a Texas R e g io n s V II a n d V III— K a n s a s C ity : Elliott A. Browar 911 W a ln u t S tre e t, K a n s a s C ity . M o . 6 4 1 0 6 P h o n e : (8 1 6 ) 3 7 4 - 2 4 8 1 V II Io w a Kansas M is s o u ri N e b ra s k a V III C o lo ra d o M o n ta n a N o rth D a k o ta S o u th D a k o ta U ta h W y o m in g N o vem b er cover: “ Golconde," a 1953 oil painting by Rene Magritte, from the D. and J. de Menil Collection, photograph courtesy National Galley of Art, Washington, D.C. Cover design by Melvin B. Moxley https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R e g io n s IX a n d X — S a n F ra n c is c o : Sam M. Hirabayashi 4 5 0 G o ld e n G a te A v e n u e , B o x 3 6 0 1 7 , S a n F ra n c is c o , C a lif. 9 4 1 0 2 P h o n e : (4 1 5 ) 5 5 6 - 4 6 7 8 IX A m e ric a n S a m o a A riz o n a C a lifo rn ia G uam H a w a ii N evada T ru s t T e rrito ry o f th e P a c ific Is la n d s X A la s k a Id a h o O re g o n W a s h in g to n M O N THLY LABO R REVIEW NO VEM B ER 1983 LIBRARY DEC 7 VO LUM E 106, NUM BER 11 1983 Henry Lowenstern, Editor-in-Chief Robert W. Fisher, Executive Editor TH E U.S. EC O N O M Y IN 1995 H. N Fullerton Jr., J. T s c h e tte r 3 The 1995 labor force: a second look A bout 131.4 m illion persons are e xp e cte d to be In the 1995 labor force, 3.8 m illion m ore than projected earlier; alternative pro je ctio n s now e m b o d y e co n o m ic assum ptions A. J. A n d re a s s e n and o th ers 11 Econom ic outlook for the 1990’s: three scenario s for grow th Alternative m onetary and fiscal assum ptions s u g g e st quite different trends in GNP and unem ploym ent through 1995; in all versions, grow th ta p e rs after 1988 V alerie A. P e rso n ick 24 The job outlook through 1995: industry output and em ploym ent Recovery Is expected in construction and du ra b le goods, but services will continue to lead job growth; several heavy Industries will not reach their past peaks G e o rg e T. S ilvestri and o thers 37 O ccupational em ploym ent projections through 1995 During 1 9 8 2 -9 5 , health care will continue to be an e x p a n din g field of work, and the outlook is b right for engineers and co m p u te r personnel R ich a rd W. R iche a nd o th ers https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 50 High technology today and tom orrow : sm all slice of em ploym ent \H igh tech industries are exp e cte d to pro vid e only a sm all pro p o rtio n of jo b s created betw een 1982 and 1995, under three co n ce p ts e m b ra cin g from six to 48 industries O THER A R TIC LES M ark J. Jo h n so n 59 Im port prices decline, export prices m ixed in first half Lower oil prices and the strength of the d o llar w ere m ajor fa cto rs in U.S. foreign trade; sluggish exports m ade for a record trade d e ficit d e sp ite the d ro p in im port orices DEPA R TM EN TS 2 71 72 76 81 Labor month in review Major agreements expiring next month Developments in industrial relations Book reviews Current labor statistics Labor M onth In Review INJURIES AND ILLNESSES. Jobrelated injuries and illnesses continued to decline in 1982, according to the Bureau of Labor Statistics’ annual survey of private industry workplaces. There were 4.75 million work-related in juries in 1982, a decline of nearly 530,000 cases from 1981. The incidence of injuries per 100 workers (injury in cidence rate) fell to 7.7, compared with an 8.3 rate in 1981. (About 0.1 of this decline may be attributed to a dispropor tionate drop in hours worked in highrisk industries.) There were 105,600 oc cupational illnesses, down from 126,100 in 1981. Establishments with 11 workers or more recorded 4,090 deaths. Nearly 30 percent of these fatalities were from car and truck accidents. Injuries. The injury incidence rate declined in agriculture, forestry, and fishing; mining; construction; manufac turing; transportation and public utili ties; and wholesale trade. The rate in creased in retail trade and in finance, in surance, and real estate; and remained the same in services. The construction industry had the highest incidence rate, and the finance, insurance, and real estate industry, the lowest. Injury incidence rates fell in estab lishments of all sizes except those with fewer than 50 employees, which showed no change. As in previous years, rates were lowest in establishments with fewer than 50 workers or more than 1,000. Rates remained highest in establishments with 100 to 249 employees; in this category, manufacturing had the largest decline, while construction posted the only increase. As in 1981, the number of injuries per 100 workers dropped in each employment-size class in the manufac turing division. Lost workdays. Less than half (45 per cent) of all injuries in 1982 involved lost worktime. The number of injuries re 2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sulting in lost workdays declined from 2.41 million in 1981 to 2.14 million in 1982. Nonfatal injuries without loss of worktime also dropped. Total days lost because of occupa tional injuries declined from 39.2 million in 1981 to 36.1 million in 1982—a drop equivalent to a full year of work for about 144,500 employees. The average number of days lost per injury of this type was 17 (16 in 1981). The wholesale trade and services industries did not show an increase in the average number of lost workdays. Mining establishments continued to have the highest number of average lost workdays per injury—25 days (up 1 day from 1981), and the con struction and transportation and public utilities industry divisions also had above-average numbers of lost work days. The severity of lost workdays because o f occupational injuries can be measured by the number of workdays lost per 100 full-time workers (lost work day incidence rate). The all-industry in cidence rate was 57.5 in 1982, down from 60.4 in 1981. Among industries, mining continued to have the highest rate, although it had the largest drop, from 145.7 days in 1981 to 136.7 in 1982. The largest increases occurred in the construction and agriculture, forestry, and fishing industries. The number of injuries per 100 workers which involved lost workdays decreased in agriculture, forestry, and fishing; mining; construction; manufac turing; transportation and public utili ties; and wholesale trade. It remained unchanged or increased only slightly in the other industries. Illnesses. Skin disorders continued to ac count for the majority of reported oc cupational illnesses in 1982, about 40 percent. Physical disorders associated with repeated trauma showed the largest percentage increase in total illnesses, 21 percent, compared with 18 percent in 1981. An occupational illness is any abnor mal condition or disorder caused by ex posure to environmental factors asso ciated with employment. It includes acute and chronic illnesses or diseases which may be caused by inhalation, ab sorption, ingestion, or direct contact. The incidence of occupational illnesses measured by the annual survey refers to the number of new cases occurring dur ing the year and does not measure con tinuing conditions reported in previous surveys. Thus, illnesses are recorded on ly for the year in which they are recognized and diagnosed as workrelated. O c c u p a tio n a l illness estim ates generated from the annual survey pro vide a valid measure of recognized acute cases. However, they do not adequately reflect the portion of occupational illlnesses which are chronic and longlatent in nature. The survey. The Annual Survey of Oc cupational Injuries and Illnesses is a cooperative program in which State agencies participate with the Bureau of Labor Statistics. The survey covers establishments in private industries, ex cept for the self-employed; farmers with fewer than 11 employees; and private households. The data are based on the records which employers maintain under the Oc cupational Safety and Health Act of 1970. Response to the 1982 survey was mandatory and involved a sample of ap proximately 280,000 establishments. Detailed information on occupational injuries and illnesses in 1982 are contain ed in news release u s d l 83-471, available from the Bureau of Labor Statistics, Inquiries and Correspondence, 441 G Street, N.W., Washington, D.C. 20212. □ The 1995 labor force: a second look About 131A million persons are expected to be in the 1995 labor force, 3.8 million more than projected earlier; alternative projections use various demographic and, fo r the first time, economic assumptions about the labor force H o w a r d N F u l l e r t o n , Jr . and Jo h n T s c h e t t e r During the 1982-95 period, the number of persons of prime working age (25-54) in the labor force is expected to grow considerably faster than the total labor force. Young workers will decline in absolute numbers as the rate of growth of the total labor force slows markedly. These growth trends reflect the aging of the baby-boom generation and a sub sequent sharp decline in birth rates. The Bureau of Labor Statistics has revised its labor force projections for the 1982-95 period.1 For the middle scen ario, which assumes that labor force participation of women will accelerate then taper off, the civilian labor force is projected to reach 131.4 million persons by 1995, 3.8 mil lion more than projected earlier.2 The labor force is expected to grow 1.6 percent per year over the 1982-90 period, slowing to 1.0 percent per year during 1990-95, thus con tinuing the slow growth which began in the late 1970’s. Nearly two-thirds of the growth will be among women; nearly one-fourth will be among the black and other group.3 This article presents new projections for the 1995 labor force with alternative demographic and, for the first time, economic assumptions. The demographic alternatives illus trate the sensitivity of the size of the projected labor force to various assumptions regarding the behavior of age, sex, and racial groups.4 The economic alternatives explore the Howard N Fullerton, Jr. and John Tschetter are economists in the Office of Economic Growth and Employment Projections, Bureau of Labor Sta tistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis sensitivity of labor force changes to assumptions about real earnings and the employment rate. Methodology Labor force projections require population projections. The latter have been prepared by the Bureau of the Census by age, sex, and race, based on trends in birth rates, death rates, and net m igration.5 Once the population projections are prepared, b l s can project labor force participation rates— the percent of each group in the population who will be working or seeking work— for 64 age, sex, and race groups. To develop labor force participation rates for each group, rates of growth over the 1962-81 period (or subperiods) are analyzed using the most appropriate time period for each group. If past trends are deemed not likely to continue throughout the projection period, the rates are modified. The rate of change in labor force participation was modified for several groups: women ages 20-44 and 45 and over, and men ages 55 and over. The rates of change in partici pation for all groups are tapered so thaLthe annual changes would be zero after the year 2004. For women ages 20 to 44, it is assumed that the rate of change in participation will accelerate during the 1982-85 period to allow some partial recovery from the 1980-82 economic slowdown. These projections assume that some of the 1980-82 slowdown in female participation rates are permanent, particularly when compared with the trends of the early and mid-1970’s. 3 MONTHLY LABOR REVIEW November 1983 • The 1995 Labor Force For the older labor force, the participation rates have been declining over the 1962-81 period. It is assumed that these declines will moderate. If the historical trends for some older groups continue, the resulting participation rates would ap proach zero. These modifications for women and older workers were made to each age group within these broad groups. The historical rates of change in participation for all re maining labor force groups are assumed to continue. The levels of anticipated labor force are calculated by applying projected participation rates to the Bureau of the Census’ population projections. slower, rise in participation among women ages 20 to 44. (See tables 1 and 2.) In contrast, the increases in the labor force during the 1970’s were influenced by the initial en trance of the baby-boom generation, and by the very rapid increases in the labor force activity of women, particularly married women ages 20 to 44. As a consequence of these changing influences, labor force growth is expected to slow in the late 1980’s and the 1990’s. The following tabulation shows labor force growth from 1950 to 1982 and projected growth from 1983 to 1995, by age group: Middle growth scenario 195060 Age 16 and over . 1.3 16 to 24 .............. .0 25 to 5 4 .............. . 1.3 55 and over ......... 1.6 The overall growth in the labor force over the next 8 to 12 years will be influenced by the baby-boom generation, which will attain those ages at which both men and women have their highest participation; and by the continued, but 196070 1.7 4.5 1.0 1.4 197082 2.4 2.7 2.3 .3 198290 1.6 - 1.3 2.9 - .7 199095 1.0 -.8 1.6 - .2 The uncertainty of projections Knowledge or insights concerning future employment trends is very valuable. . . . Such information is used to plan careers and training programs, and develop business expansion plans and public policy. However, information about future employment growth is clouded by uncer tainty. . . . It is very important for users to understand the imprecise nature of projections so they can deal with the information properly. Although virtually no data about changes in the economy over a 10-year period can be anticipated with absolute cer tainty, there are differing degrees of uncertainty. To illus trate, I would say with relative certitude that the younger labor force is going to decline in this decade. The population which will be 16 years or older in 1990 is born and unless there are truly revolutionary changes in labor force partic ipation rates for young people along with dramatic infusions through immigration of young people, the young labor force will decline. Perhaps, at the other end of the scale the uncertainty would be a projection of employment in the oil and gas well drilling industry. If I knew what the price of oil would be in 1990 or 1995, perhaps I could come close to projecting the level of employment in that industry. But the factors that will determine the price of oil in 1990 are themselves subject to great variances and uncertainty. For much of the information on projections, the uncer tainty lies between these two extremes. For example, the occupation “ computer service technician” is projected to grow very rapidly. From 1982 to 1995, its projected growth is 97 percent. I am confident that employment in this oc cupation will grow rapidly, certainly much faster than the average growth of the economy over this period. However, I am not certain that the growth rate will be 97 percent or even fall within the 94-98 percent range shown in our alternatives. The growth rate could be significantly greater. Some occupations of this size, 55,000 in 1982, have grown much faster in the past. Still, a growth rate of only 50 percent is not beyond the realm of impossibility. Concerns received from the public have led us to think and probe further in terms of asking questions about our projections. For example, in the last 6 months, the De- 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis partment of Defense and some of the defense industries have said there is a critical shortage of engineers that should be reflected in our publications. During the same period, we have had three groups representing the engineering profes sions say that bls has been painting such a rosy picture for engineers that we are causing a flood in the market and that their member engineers cannot find jobs. Which of these groups is correct? We examined this dilemma and concluded that there probably are two distinct markets for engineers. One is new college graduates who are currently in short supply— in at least some engineering disciplines—and these are principally among the engineer ing categories used by defense contractors. But 45 year-old engineers who are working on a product or product line that has been cancelled are in a tough job market because they are not always able to compete with the young engineer. The important point here is that if this situation is true for engineers, it may also be true for accountants and auditors, lawyers, and many other occupations. Economists and others involved in forecasting economic activity understand the uncertain nature of projections. However, others, including those who are primary users of the information, may not. Thus, the development of nu merical projections is only the first task in presenting in formation on economic trends or employment growth. It is just as important to present the data in a meaningful way. Unfortunately, this task is neither simple nor straight for ward. Despite b l s ’ experience with and concern about the subject, we still are not sure our users understand the un certainty attached to our projected data. The Bureau hopes that by indicating the factors underlying growth, preparing evaluation of previous projections, and discussing alterna tives and assumptions, we will provide users with some idea of the uncertainties. —Ronald E. Kutscher Associate Commissioner Bureau of Labor Statistics. Remarks before a Labor Market Information Conference in Atlanta, Ga., June 1983 T able 1. C ivilian labor force, by sex, age, and race, 1 9 7 0 -8 2 , and m iddle grow th projection to 1995 Participation rate Labor force (in thousands) Labor group 1970 1980 1982 1990 1995 1970 1980 1982 1990 1995 82,771 106,940 110,204 124,951 131,387 60.4 63.8 64.0 66.9 67.8 51,228 9,725 4,008 5,717 . 32,213 11,327 10,469 10,417 9,291 7,126 2,165 61,453 13,606 4,999 8,607 38,712 16,971 11,836 9,905 9,135 7,242 1,893 62,450 13,074 4,470 8,604 40,357 17,793 12,781 9,784 9,019 7,174 1,845 67,701 11,274 4,123 7,151 48,180 19,569 17,469 11,142 8,247 6,419 1,828 69,970 10,573 4,043 6,530 51,358 18,105 19,446 13,807 8,039 6,311 1,728 79.7 69.4 56.1 83.3 95.8 96.4 96.9 94.3 55.7 83.0 26.8 77.4 74.4 60.5 85.9 94.2 95.2 95.5 91.2 45.6 72.1 19.0 76.6 72.6 56.7 84.9 94.0 94.7 95.3 91.2 43.8 70.2 17.8 76.5 74.7 62.3 84.4 93.8 93.7 95.6 91.3 37.4 65.5 14.9 76.1 74.5 62.9 84.1 93.4 93.1 95.3 91.1 35.3 64.5 13.3 Women............................................. 16 to 24......................................... 16 to 1 9 ..................................... 20 to 24 ..................................... 25 to 54 ......................................... 25 to 34 ..................................... 35 to 44 ..................................... 45 to 5 4 ..................................... 55 and over ................................... 55 to 64 ..................................... 65 and over ................................. 31,543 8,121 3,241 4,880 18,208 5,708 5,968 6,532 5,213 4,157 1,056 45,487 11,696 4,381 7,315 27,888 12,257 8,627 7,004 5,904 4,742 1,161 47,755 11,533 4,056 7,477 30,149 13,393 9,651 7,105 6,073 4,888 1,185 57,250 10,813 3,778 7,035 40,496 16,804 14,974 8,718 5,941 4,612 1,329 61,417 10,557 3,761 6,796 44,852 16,300 17,427 11,125 6,008 4,671 1,337 43.3 51.3 44.0 57.7 50.1 45.0 51.1 54.4 25.3 43.0 9.7 51.5 61.9 52.9 68.9 64.0 65.5 65.5 59.9 22.8 41.3 8.1 52.6 62.0 51.4 69.8 66.3 68.0 68.0 61.6 22.7 41.8 7.9 58.3 69.1 56.8 78.1 75.6 78.1 78.6 67.1 20.5 41.5 7.4 60.3 71.6 58.2 82.0 78.7 81.7 82.8 69.5 19.9 42.5 7.0 White................................................... Men ................................................. 16 to 24......................................... 25 to 54 ......................................... 55 and over ................................... Women............................................. 16 to 24....................'.................... 25 to 54 ......................................... 55 and over ................................... 73,556 46,035 8,540 29,000 8,494 27,521 7,141 15,690 4,690 93,600 54,473 11,902 34,224 8,345 39,127 10,179 23,723 5,226 96,143 55,133 11,371 35,565 8,197 41,010 10,013 25,619 5,378 107,734 59,201 9,854 41,864 7,483 48,533 9,285 34,081 5,167 112,393 60,757 9,271 44,232 7,254 51,636 9,025 37,433 5,178 60.2 80.0 70.2 96.3 55.8 42.6 52.1 48.9 24.9 64.1 78.2 76.7 95.0 46.1 51.2 64.4 63.4 22.4 64.3 77.4 74.9 94.9 44.2 52.4 64.7 66.1 22.4 67.3 77.4 78.5 94.8 37.8 58.1 72.5 75.6 20.1 68.1 77.0 79.1 94.5 35.6 60.0 75.4 78.7 19.5 Black and other ..................................... Men ................................................. 16 to 24......................................... 25 to 54 ......................................... 55 and over ................................... Women............................................. 16 to 24......................................... 25 to 54 ......................................... 55 and over ................................... 9,218 5,194 1,185 3,212 796 4,024 982 2,517 524 13,340 6,980 1,702 4,488 790 6,359 1,516 4,164 678 14,062 7,317 1,702 4,792 822 6,745 1,520 4,529 695 17,217 8,500 1,420 6,316 764 8,717 1,528 6,415 774 18,994 9,213 1,302 7,126 785 9,781 1,532 7,419 830 61.8 76.5 64.5 91.9 54.7 49.5 46.3 59.2 30.0 61.7 71.5 61.6 88.6 40.8 53.6 49.3 67.0 26.4 61.6 71.0 60.0 88.0 40.5 53.9 48.8 67.9 25.5 64.8 71.0 55.9 87.6 34.3 59.7 53.7 75.8 23.5 65.7 70.6 52.7 87.2 32.6 61.7 55.3 78.7 22.8 Total, age 16 and over............................. Men ........................................... 16 to 24......................................... 16 to 19 ..................................... 20 to 24 25 to 54 ......................................... 25 to 34 ..................................... 35 to 44 ..................................... 55 and over ................................... 55 to 64 ..................................... 65 and over ................................. The slowdown actually began in 1979. The peak labor force growth, 3.0 percent per year, occurred between 1976 and 1979. Over the 1979-82 period, growth was only 1.6 per cent per year, reflecting the slowing of long-term growth, as well as the repercussions of 3 years of flat economic growth. Over the 1982-95 period, there will be a pronounced shift in the age structure of the labor force. The 25- to 54year-old labor force is expected to grow considerably faster T able 2. than the total labor force, 1.3 percentage points per year faster during the 1982-90 period. At the same time, the number of 16- to 24-year-old participants is projected to decline in absolute numbers. During the 1960’s and 1970’s, the labor force growth of younger workers was by far the fastest of any age group, reflecting the baby-boom gener ation initially entering and then maturing in the labor force. As this young generation ages in the 1990’s, the number of persons ages 25 to 34 will decline. A shift from a young B lack civilian labor force, by sex and age, 1 9 7 2 -8 2 , and m iddle grow th projection to 1995 Labor group Participation rate Labor force (in thousands) 1972 1980 1982 1990 1995 1972 1980 1982 1990 1995 Blacks, age 16 and over........................... 8,707 10,865 11,331 13,600 14,833 59.9 61.0 61.0 64.5 65.4 Men ................................................. 16 to 24......................................... 25 to 54......................................... 55 and over ................................... 4,816 1,214 2,917 687 5,612 1,414 3,551 647 5,804 1,401 3,745 660 6,687 1,156 4,939 592 7,297 1,055 5,549 583 73.7 63.9 90.0 49.1 70.6 62.0 88.4 39.3 70.1 60.3 87.7 39.0 70.4 55.9 87.4 33.2 70.5 54.0 87.0 31.3 Women............................................. 16 to 24......................................... 25 to 54 ......................................... 55 and over ................................... 3,890 967 2,421 503 5,253 1,279 3,387 588 5,527 1,272 3,660 595 6,913 1,210 5,073 630 7,646 1,180 5,805 661 48.7 45.0 60.0 27.8 53.2 48.9 67.6 26.1 53.7 48.4 68.8 25.3 59.0 51.8 75.7 23.6 61.2 53.2 78.6 22.9 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 MONTHLY LABOR REVIEW November 1983 • The 1995 Labor Force to a prime working-age population in itself induces an in crease in the overall participation rate, as prime-age persons are more likely to be in the labor force. The population ages 55 and older will continue to in crease. However, the participation rates for this group are projected to continue declining. For men, the increased pop ulation and declining participation have resulted in absolute declines in their number in the labor force. For women, this combination is expected to result in a relatively constant number in the labor force over the next decade. It is assumed that the new social security laws will not affect the trend of labor force participation for the population 55 and older between now and 1995. These variations in growth rates by age groups mean that persons ages 25 to 54 will account for a much greater share of the 1995 labor force than the 1982 labor force. Prime working-age persons (25 to 54) are expected to account for about 73 percent of the 1995 labor force, up from 61 percent in 1970, and 64 percent in 1982. The growing proportion of prime-age participants could favorably affect productivity because of the greater continuity of participation by women and because of the higher educational attainment of all par ticipants. This continuity and educational attainment imply that the future labor force will be more experienced and better trained, compared with the 1970’s when younger workers (ages 16 to 24) accounted for a large share of labor force growth. The maturing of the labor force in the 1980’s and 1990’s means that employers may have difficulties find ing young workers. The decline in the number of youths will be particularly important to the Armed Forces, the single largest employer of young men. Median age. The median age of the labor force will rise slightly over the next 10 to 15 years. The median age was fairly constant between 1950 and 1970, but dropped sharply between 1970 and 1980 when the baby-boom generation entered the labor force. The following tabulation shows the median age of the labor force for 1950 to 1980 and the projected median age for 1990 and 1995, by sex and race: 1950 All participants .. 38.6 Men ...................... 39.3 Women ................. 36.7 White ..................... — Black and other... — 1960 1970 1982 1990 1995 40.5 40.5 40.4 40.7 38.2 39.0 39.4 38.3 39.3 36.6 34.8 35.3 34.2 35.0 32.8 35.9 36.4 35.3 36.1 34.8 37.3 37.8 36.8 37.5 36.3 The differences in median age between men and women and between whites and black and other minorities reflect the age mix of the respective labor forces. For example, in 1982, men ages 55 and over accounted for 14.4 percent of the male labor force; women ages 55 and over accounted for only 12.7 percent of the female labor force. These me dian age differences between the two groups are projected to continue. 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Women and minorities. During the 1982-95 period, the number of women and minorities in the labor force are projected to grow faster than the overall labor force. The following tabulation shows total labor force growth and growth for women, blacks, and black and other minorities for the 1950-82 period, and projected growth, 1982-95: 195060 1.3 Total ........ W omen................ 2.4 Black and other .. — Blacks ............ — 196070 1.7 3.1 1.8 — 197082 2.4 3.5 3.6 — 198290 1.6 2.3 2.6 2.3 199095 1.0 1.4 2.0 1.8 Women, both white and black, will account for about two-thirds of the labor force growth during the 1980’s and 1990’s, about the same proportion as in the 1950’s. During the 1% 0’s and 1970’s, when men of the baby-boom gen eration entered the labor force, the proportion of growth attributed to women dropped despite rapid increases in their participation rates. With the young men of the baby-boom generation now in the labor force, the share of labor force growth attributed to women will be greater over the next decade. The black and other group, should account for slightly more than 21 percent of the additions to the labor force during the 1982-90 period, increasing to nearly 28 percent in the 1990-95 period. Since 1960, this group’s proportion of overall growth has been growing despite the continuing drop in participation by black men. The black labor force is projected to grow at almost twice the white rate, reflecting the younger age structure of the black population. The two groups just discussed overlap. White women and black and other men and women together will account for 72.4 percent of the 1982-90 labor force growth, and 75.8 percent of the 1990-95 growth. These two groups accounted for only 66.8 percent of the 1970-82 labor force growth. Economic dependency. Around 1986, more of the popula tion should be in the labor force than not in the labor force. The economic dependency ratio, the number of persons not in the labor force divided by those in the labor force, was high in the 1960’s, but declined sharply through the 1970’s as the baby-boom generation and women entered the labor force in large numbers. During the 1980’s and 1990’s, the ratio should continue to decline, but at a considerably more moderate pace, reflecting only the continued increases in participation rates for women. The numerator of the economic dependency ratio can be disaggregated into all persons who are (1) under age 16, (2) between ages 16 and 64, and (3) age 65 and over. The denominator of the ratio in each instance is the total labor force. The following tabulation shows the economic de pendency ratio for 1960 to 1982 and projected for 1990 and 1995 for these age groups. Total population .. Under age 16 ........ Age 16 to 64 ........ Age 65 and over .. 1960 1970 1982 1990 1995 150.4 81.45 50.2 18.7 138.5 72.1 46.8 19.6 106.5 48.9 36.0 21.6 96.4 45.2 28.4 22.5 94.1 45.2 26.0 22.9 The drop (from 50 to 36 persons per hundred workers) in the ratio attributed to the 16- to 64-year-olds reflects the steady entry of women into the work force. The economic dependency ratio for persons under age 16 has declined over the 1960 to 1980 period, as the baby-boom generation and women entered the labor market. During the next decade, the ratio should be unchanged despite the “ echo” of the baby boom, that is, the increase in the population attributed to the children of the baby-boom generation. The ratio for older workers is expected to rise slightly over the next de cade, and should continue to rise into the middle of the next century; currently, their ratio is the lowest of the three groups. These projected economic dependency ratios have several implications. There will be fewer children per labor force participant in the future, hence providing for primary and secondary education should be less of a burden. On the other hand, there will be more older persons not in the labor force per labor force participant, therefore, providing for retirement and the care of older workers should be slightly more of a burden. Alternative assumptions The middle scenario just discussed reflects underlying assumptions and could be significantly affected by changes in these assumptions, b l s developed alternative projections to examine the range of outcomes attached to any projection. Two sets of alternative projections were developed for the current projection: demographic alternatives and economic alternatives. The following tabulations show the size of the civilian labor force during 1970, 1980, and 1982 Civilian labor force (in millions) Total .............. 1970 1980 1982 82.8 106.9 110.2 and the projected size under each scenario for 1990 and 1995: Civilian labor force (in millions) 1990 High demographic .. High economic ........ Middle ............................. Low e c o n o m ic .......... Low demographic . . . 131.3 125.3 to 125.4 125.0 123.7 to 124.9 120.3 1995 141.0 131.9 to 132.8 131.4 130.0 to 131.0 125.1 Demographic alternatives. One assumption in the middle scenario is that the growth in participation rates of women ages 20 to 44 will accelerate in the near term (that is, recover from the effects of the 1980 and 1981-82 recessions) before tapering off. If the rate of female labor force participation continues to accelerate through the late 1980’s (rather than https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis only through the mid-1980’s) the 1995 participation rate and labor force for these women would be considerably higher than in the middle scenario, about 9.6 million more persons, or 7.3 percent. (See table 3.) On the other hand, it is possible that the participation rates for women ages 20 to 44 will not accelerate and instead will continue the modest upward trend shown during the 1979_82 period. If this occurs, there would be 6.3 million fewer persons (4.8 percent) in the 1995 labor force. The two differences between the low, middle, and high assumptions concerning female participation rates, are sub stantial. The high scenario reflects female participation rates nearly converging to the higher male participation rates. The low scenario reflects a sharp deceleration from the trends of the 1970’s. Over the 1979-82 period, the growth of female rates slowed, possibly in response to the 1980 and 1981-82 recessions. However, it might also reflect a change in the long-run trend. The low scenario, in essence, assumes that the recent trends reflect new secular trends for women. The low-growth path assumes a more modest growth which is not a reversal of the upward growth in female participation rates or shifts in marital status. For example, regardless of which scenario is used, women should account for 65 to 66 percent of increases in the labor force. This stability occurs because increases in female participation will be the greatest source of labor force growth over the next decade. A second demographic assumption in the middle scenario concerns the relative trends in black-white participation. Over the past two decades, the rates for black and white men have been diverging. (The rates for black and white women, on the other hand, appear to have converged, if not crossed.) The low and middle scenarios assume these respective trends will continue. The high scenario assumes that the rates for black and white men will converge to the higher white male rates. In the low scenario, black and other minorities account for 25.8 percent of the increase in the labor force over the 1982-95 period; in the high scenario, 23.9 percent; and in the middle scenario, 23.3 percent. Economic alternatives. Labor force projections are only one segment of the b l s projections program. The program in cludes gross national product projections, in total and by major demand and income components; industry output and employment projections; and occupational requirements projections. To emphasize the uncertainty of these varied projections, b l s traditionally develops several scenarios which cover a number of alternative assumptions yielding a rea sonably broad span of employment and gross national prod uct level. The alternative projections of the economy as a whole use different assumptions for fiscal policy, produc tivity growth, the unemployment rate, and the price level. At issue in these alternatives is the relationship between earnings and unemployment rates and labor force trends. Would alternative economic trends imply substantially or 7 MONTHLY LABOR REVIEW November 1983 • The 1995 Labor Force modestly different labor force trends? According to the mod els, modest changes in the unemployment rate for all work ers and in real earnings of workers lead to relatively small changes in the total labor force. (See table 4.) Alternative projections of labor force trends have been made with two econometric models. One, labeled the mar ital status model, focuses on the behavior of detailed labor force trends.6 The second model, labeled the macro labor force model, focuses solely on total labor force trends in the context of a broader economic m odel.7 The methodology for these economic scenarios is substantially different from that used in other b l s labor force projections. The assump tions here are based on econometric models, while the other alternatives were based on a demographic methodology. The marital status model relates participation rates for 16 age, sex, and marital status groups to real earnings of full time workers by sex, and the overall unemployment rate. The model was estimated with Standard Metropolitan Sta tistical Area data for 34 cities during the 1973—80 period. The data are constructed from the micro files of the Bureau of the Census’ Current Population Survey. The following tabulation shows the unemployment rate and annual earn ings data used in the model. Table 3. Unemployment rate: All workers High .......................... Middle ...................... Low .......................... Real annual earnings (1972 dollars): Men High .......................... Middle ...................... Low .......................... Women High .......................... Middle ...................... Low .......................... 1982 1990 1995 9.7 9.7 9.7 5.4 6.3 6.5 5.2 6.0 6.8 $7,497 7,497 7.497 $8,698 8,905 8.941 $9,074 9.804 10,148 4,441 4,441 4,441 5,152 5,275 5,296 5,375 5.807 6.011 Developing the alternative scenarios with the marital sta tus model required two steps. First, a middle scenario of labor force growth was developed for the 16 groups. This middle scenario for the 16 marital status groups was con strained to replicate the middle scenario described earlier. It was developed as in previous projections— extrapolating historical trends. Second, the differences in the two ex planatory variables among scenarios were multiplied by the P rojections of the civilian labor force in 1995, by alternative dem ographic scenarios Labor force (in thousands) Participation rate Labor group High scenario Middle scenario Low scenario High scenario Total, age 16 and over ......................................... 140,973 131,387 125,058 72.7 67.8 64.5 Men................................................................ 16 to 24 ...................................................... 25 to 54 ...................................................... 55 and over .................................................. Women ............................................................ 16 to 24 ...................................................... 25 to 54 ...................................................... 55 and over ........................................... 73,005 11,321 52,545 9,139 67,968 11,155 49,525 7,288 69,970 10,573 51,358 8,039 61,417 10,557 44,852 6,008 67,541 10,013 50,130 7,398 57,517 9,792 41,964 5,761 79.4 79.8 95.5 40.1 66.7 75.7 86.9 24.2 76.1 74.5 93.4 35.3 60.3 71.6 78.7 19.9 73.5 70.6 91.2 32.5 56.5 66.4 73.6 19.1 White ................................................................ Men................................................................ 16 to 24 ...................................................... 25 to 54 ...................................................... 55 and over ................................................. Women ............................................................ 16 to 24 ...................................................... 25 to 54 ...................................................... 55 and over ............................................. 119,560 62,451 9,463 44,815 8,173 57,109 9,330 41,384 6,395 112,393 60,757 9,271 44,232 7,254 51,636 9,025 37,433 5,178 107,170 58,839 8,755 43,406 6,678 48,331 8,316 35,097 4,918 72.5 79.2 80.8 95.7 40.2 66.4 77.9 87.0 24.1 68.1 77.0 79.1 94.5 35.6 60.0 75.4 78.7 19.5 65.0 74.6 74.7 92.7 32.8 56.2 69.5 73.8 18.6 Black and other.................................................... Men........................................................ 16 to 24 ............................................... 25 to 54 ............................................... 55 and over ........................................... Women ................................................. 16 to 24 ......................................... 25 to 54 ............................................. 55 and over ............................................. 21,413 10,554 1,858 7,730 966 10,859 1,825 8,141 893 18,994 9,213 1,302 7,126 785 9,781 1,532 7,419 830 17,889 8,709 1.253 6,725 722 9,182 1,471 6,863 847 74.8 80.0 75.9 94.6 40.3 68.7 65.7 86.8 24.5 65.1 70.2 52.7 87.1 32.8 61.2 55.4 78.7 22.9 61 9 66 7 50.9 82.3 29 9 58 0 53.2 72.9 23.1 Black................................. Men............................... 16 to 24 ....................................... 25 to 54 ........................................... 55 and over ................................. Women ............................. 16 to 24 ................................. 25 to 54 ..................................... 55 and over ................................. 16,517 8,125 1,432 5,974 719 8,392 1.407 6,311 674 14,833 7,297 1.055 5,549 583 7,646 1,180 5,805 661 13,984 6,775 984 5,246 549 7,217 1,148 5,413 650 72.5 79.4 73.9 93.4 38.2 67.0 63.8 85.7 23.6 65.6 70.7 54.3 87.1 31.0 61.7 53.8 78.1 22.3 61 7 66.4 50 4 82 2 29 1 57 8 51 8 73 2 22.7 8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Middle scenario Low scenario Table 4. C ivilian labor force by alternative econom ic scenarios, 1982 and projected to 1995 Participation rate Labor force (in thousands) 1982 High scenario Middle scenario Low scenario 130,977 64.0 68.0 67.8 67.6 69,970 4,043 24,635 11,071 13,564 19,446 14,956 4,490 13,807 11,531 2,276 8,039 69,867 4,047 24,619 11,062 13,557 19,401 14,937 4,463 13,784 11,523 2,261 8,017 76.6 56.7 90.8 97.1 85.3 95.3 96.8 89.4 91.2 93.4 80.8 43.8 76.2 62.8 90.5 95.6 86.7 95.5 97.0 90.9 91.4 93.8 81.0 35.5 76.1 62.9 62.9 90.4 95.6 86.6 95.3 96.9 90.2 91.1 93.6 80.3 35.3 75.9 63.0 90.4 95.6 86.6 95.1 96.8 89.6 90.9 93.5 79.8 35.2 61,786 3,777 23,224 11,160 12,064 17,526 11,968 5,557 11,282 7,927 3,356 5,976 61,417 3,761 23,096 11,087 12,009 17,427 11,932 5,495 11,125 7,798 3,327 6,008 61,110 3,749 22,975 11,021 11,954 17,350 11,902 5,448 11,015 7,708 3,307 8,017 52.6 51.4 68.8 61.6 77.7 68.0 64.1 79.0 61.6 57.9 72.3 22.7 60.7 58.5 82.3 80.8 83.6 83.2 81.8 86.5 70.5 68.4 76.0 19.9 60.3 58.3 81.8 80.3 83.2 82.8 81.5 85.6 69.5 67.3 75.3 20.0 60.0 58.1 81.4 79.8 82.9 82.4 81.3 84.8 68.8 66.5 74.9 20.0 132,800 131,387 130,000 64.0 66.9 67.8 67.1 1982 High scenario Middle scenario Low scenario 110,204 131,887 131,387 45 to 54 ..................................................... Married ................................................... Other ........................................................ 55 and over ................................................. 62,450 4,470 21,385 14,212 12,185 12,781 10,321 2,460 9,784 8,320 1,464 9,019 70,101 4,032 24,647 11,071 13,576 19,497 14,971 4,527 13,847 11,553 2,295 8,076 Women .......................................................... 16 to 19 ...................................................... 20 to 34 ...................................................... Married .................................................... Other ........................................................ 35 to 44 ...................................................... Married ................................................... Other ........................................................ 45 to 54 .......... ........................................... Married ................................................... Other ....................................................... 55 and over ................................................. 47,755 4,056 17,128 10,592 10,279 9,651 6,723 2,928 7,105 4,993 2,111 6,073 Macro labor force model: Total..................................... ......................... 110,204 Labor group Marital status model: Total.................................................................. 16 to 19 20 to 34 ................................... ............................................... 35 to 44 ..................................................... respective coefficients; then the products were added to ob tain the differences from the middle scenario. For the marital status model, the range between the high and low scenarios is only 900,000 persons in the total labor force and .4 percentage points in participation rates. (See table 4.) The groups most affected by the changes between the scenarios are married women ages 45 to 54, nonmarried women ages 35 to 44, married women ages 20 to 34, and nonmarried men ages 45 to 54 and ages 35 to 44. The finding that these groups are more sensitive than others to the changes in economic trends is consistent with the slower trends in participation rates during the 1979-82 period. The projected labor force participation rates for these five groups are all projected to change by between 1.0 and 1.7 percentage points between the high and low economic scenario. The macro labor force model relates the labor force par ticipation rate of all workers to the unemployment rate and' real wages. As noted, the macro labor force model is part of a large-scale quarterly macroeconometric model that al lows for interaction of labor force trends with employment, labor productivity, and other trends. For the macro labor force model, the range between the high and low scenarios is 2.8 million persons and 1.4 per centage points in the total participation rates. The difference between the high and low scenarios for the macro labor force model, when compared to the marital status model, reflects, in part, the interaction of labor force trends with economic trends in the context of a macroeconometric model https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and, in part, the structural differences between the two labor force models.8 A comparison of the low and high economic scenarios with the middle scenario indicates that changes in economic assumptions do not result in substantial changes in labor force projections. The most important finding across the four economic scenarios is that projections with two strikingly different labor force models yield small differences between the scen arios. By contrast, the difference between the high and low demographic scenarios is 15.9 million in 1995. Thus, the key factors in the size of the future labor force are demo graphic in nature. Revisions reflect 1980 census Several factors necessitated updating the projections pub lished in 1980: revisions in the historical labor force esti mates, revisions in the projected population (which are used in determining the size of the future labor force), and avail ability of labor force participation rates for the 1979-82 period.9 The historical labor force data were revised to in corporate the 1980 census. The revised population projec tions reflect incorporation of the 1980 population estimates and new, higher assumptions about life expectancy and net migration, and new, lower assumptions about fertility lev els. These changes resulted in a larger projected population for 1995, with 8.8 million more persons over age 16. The new population projection alone would have raised the 1995 9 MONTHLY LABOR REVIEW November 1983 • The 1995 Labor Force labor force projections by 5.3 million persons (after ac counting for population shifts by age, sex, and race). Offsetting the population growth is a lower projected change in labor force participation rates. This reflects the 1979-82 changes in participation which were lower than those of 1962-79. The 1979-82 changes reflect both cyclical factors and trend factors, such as an increased fertility after years of steady decline. If the previously projected participation rates were applied to the new population projections, the 1995 labor force would have been 132.4 million persons, 1 million more than the current projection. The most notable change in projected participation rates occurred for women ages 25 to 34, a group for which b l s has consistently un derprojected participation. The rate for this group was low ered 2 percentage points in the current projection to 81.7 percent, compared with 83.7 percent in the previous pro jection. Still, participation for this group is expected to grow 13.7 percentage points over the 1982-95 period, the largest projected increase for any labor group. Projected partici pation rates for several groups have been revised upward, notably for men ages 35 to 54, and women 35 and older. The following tabulation compares the previous and the revised projections of the 1995 labor force: Civilian labor force (in thousands).............. Men ........................ Women ................... White ....................... Black and oth er....... 1980 projection 1983 projection Difference 127,542 67,611 59,931 109,292 18,250 131,387 69,970 61,417 112,393 18,994 3,845 2,359 1,486 3,101 744 Participation rate ....... Men ....................... Women ................. White ..................... Black and other __ 1980 projection 1983 projection 68.6 76.8 61.2 68.8 67.0 67.8 76.1 60.3 68.1 65.7 Difference - .8 - .7 - .9 - .7 - 1.3 B a s e d o n b l s ’ p r o j e c t i o n s , several significant changes in labor force trends are expected during the next decade: • The total labor force will grow more slowly during the next decade than during the past decade. • Women will account for a greater proportion of labor force growth in the decade ahead (nearly two-thirds) than they did over the past decade; » Blacks and other minority groups will account for a greater proportion of overall labor force growth, about one-quarter during the next decade; • The younger members of the labor force, ages 16 to 24, will decline in absolute numbers. • The number of prime-age members of the labor force, those ages 25 to 54, will grow faster than the total labor force, 1.0 percentage point per year faster. These projections reflect the changing demographic struc ture of the U.S. population; the aging of the baby-boom generation and the growth of the black population. These general conclusions hold for several scenarios concerning future trends in labor force participation for detailed groups, although the specific projections differ. Q FOOTNOTES■ 1These projections replace those in Howard N Fullerton, Jr.. “ The 1995 laborforce: a first look," Monthly Labor Review, December 1980, pp. 1121. For an evaluation o f earlier projections, see Howard N Fullerton, Jr., “ How accurate were the 1980 labor force projections?” Monthly Labor Review , July 1982, pp. 15-21. 2The labor force (civilian labor force and resident Armed Forces) is projected to be 126,577,000 in 1990 and 133,018,000 in 1995. Of these, 57,415,000 will be women in 1990 and 61,582,000 will be women in 1995. Because there is no age or race detail in the resident Armed Forces measure of the labor force, this article is based on the civilian labor force. 3 As with other current bls presentations of data by race, this article presents data for blacks; however, for historical comparison, data are also presented for the black and other group, which also includes American Indians, Eskimos, and other minorities. Current Population Reports, Series P-25, No. 922 (Bureau of the Census 1982). 6For illustrations of other uses of the marital status model, see James E. Duggan, “ Labor force participation of older workers” Industrial and Labor Relations Review, forthcoming; and James E. Duggan. “ Relative price variability and the labor supply of married persons.” Both papers are available from the Office of Economic Growth and Employment Pro jections, Bureau of Labor Statistics. 7 The macro labor force model is the labor force equation in the Chase Econometric Model. For a description of the model, see Arthur J. Andreassen and others, "Economic outlook for the 1990's; three scenarios for economic growth.” pp. 11-23, this issue. 4 For a short description of the b l s demographic labor force projection methodology, see BLS Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), Chapter 18; for a complete description, see BLS Economic Growth Model System Used for Projections to 1990. Bulletin 2112 (Bureau o f Labor Statistics, 1982), Chapter 2. 8 b l s ’ alternative scenarios of gross national product, industry output and employment trends and occupational requirements use the macro labor force model s projections of total labor force. This was done because of the small differences between the economic scenarios of labor force trends and because the macro labor force is part of the macroeconometric model of the economic projections. 5 Among the assumptions of the Census Bureau’s projections of the population is that the total fertility rate will rise from 1.83 in 1980 to 1.96 in 2000, and then will decrease to 1.90 in 2050; and that life expectancy will rise from 78.3 in 1981 to 81.3 in 2005 for women, 70.7 to 73.3 for men. See Projections of the Population of the United States: 1982 to 2050, 9 For a discussion of the revisions in labor force estimates due to the 1980 Census o f the Population, see Kenneth D. Buckley, Jennifer Marks, and Ronald J. Statt, “ Revisions in the Current Population Survey Begin ning in January 1982,” Employment and Earnings, February 1982, pp. 7 - 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Economic outlook for the 1990’s: three scenarios for economic growth Alternative monetary and fiscal assumptions suggest quite different trends in GNP and employment through 1995; in all versions, growth tapers after 1988, reflecting slower rates o f population and labor force increase A rthur and J. A n d r ea ssen , N orm an C. Sa u n d er s, B etty W . S u The Bureau of Labor Statistics has prepared trend projec tions of growth in aggregate and industry demand for the 1982-95 period, updating prior projections to 1990 and extending the analysis to 1995.1 The projections are part of a Bureau program of studies aimed at analyzing mediumterm economic growth and the implications for the structure of employment by industry and occupation. The new esti mates consist of a moderate-growth case, and high-growth and low-growth alternatives, which examine the effects of alternate policies on U.S. economic growth, distribution of demand, and employment. It should be noted that none of the three projections should be favored as the most likely. The intent in preparing them was not to forecast future economic performance but, rather, to examine the implications of a reasonable range of demand growth over the projection period. The projections represent only three of many possible responses of the economy to differing fiscal and monetary stimulae. A different perspec tive on the inner workings of the U.S. aggregate economy could easily lead one to arrive at completely different results. For this reason, the high-growth and low-growth alternatives should not be viewed as the “ good” forecast and the “ bad” forecast, but rather as vehicles for generating a reasonable The authors are economists in the Office of Economic Growth and Em ployment Projections, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis spread in gross national product ( g n p ) and employment growth to 1995. By 1995, real g n p is projected to range between $2.1 and $2.3 trillion, with total employment between 123.6 and 134.1 million jobs. In all three versions, job and production growth tapers during the latter part of the period, primarily in response to slower projected rates of growth of the pop ulation and labor force.2 Following are historical and pro jected rates of growth for real g n p , real disposable income, and employment: D is p o s a b le Historical: 1955-68 1968-73 1973-77 1977-82 ............ .. ............ .. ............ .. ............ Low growth: 1982-90 ............ .. 1990-95 ............ .. GNP in c o m e E m p lo y m e n t 3.7 3.5 3.9 4.3 1.5 1.7 2.2 2.2 1.6 1.6 2.4 1.6 2.8 2.4 2.7 1.6 2.7 1.4 Moderate growth: 1982-90 ............ .. 1990-95 ............ .. 3.2 2.5 2.8 1.8 2.6 1.5 High growth: 1982-90 ............ .. 1990-95 ............ .. 3.8 2.5 3.2 2.7 2.3 1.7 11 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990’s * In terms of the real rate of growth, the low-trend projections are comparable to the 1973-82 experience, and the hightrend projection corresponds more to that of the 1960’s. Following is a detailed discussion of the assumptions and results of the moderate-growth alternative, both in terms of aggregate economic activity and industry demand patterns. A summary of the low-trend and high-trend results is in cluded. Other articles in this issue examine the b l s projec tions of labor force, industry output and employment, and occupational demand. Moderate growth assumptions To develop the moderate-growth projections, assump tions were made concerning demographics, fiscal and mon etary policy, foreign economic conditions, energy, and miscellaneous item s.3 Those variables having the largest impact on the projections are discussed below. (Refer to the box on pages 12-13 for a discussion of the model used to develop the aggregate projections.) Demographic. The middle-growth projections of U.S. pop ulation, developed by the Census Bureau, were chosen for the moderate-growth scenario. The population age 16 and over is projected to increase by 21.6 million between 1982 and 1995, an average annual rate of growth of 0.9 percent. As in prior projections, the population rate of growth slows over the projection horizon, dropping from 1.1 percent an nually between 1982 and 1988 to 0.8 percent each year between 1988 and 1995. The civilian labor force grows somewhat more rapidly during the projection period, reflecting generally increasing participation rates and the shift of persons into age categories with traditionally higher labor force participation. The ci- BLS projections procedures The Bureau of Labor Statistics prepares projections on a 2year cycle, using the Economic Growth Model System. This system is composed of a group of separate but not unrelated processes. Projections are produced in the following areas: (1) labor force; (2) aggregate economic performance; (3) industry final demand and total industry production; (4) industry employment levels; and (5) occupational employment by industry. Each block of the projections depends upon inputs from an earlier stage and feeds logically into the next. The la b o r f o r c e p r o je c tio n s use Bureau of the Census popu lation projections by age, sex, and race, based on trends in birth rates, death rates, and net migration. With the population pro jections in hand, b l s projects labor force participation rates— the percent of each group in the population who will be working or seeking work— for 64 age, sex, and race groups. The labor force participation rate projection for each group is developed by: (a) analyzing past rates of growth over the 1962-81 period or for selected subperiods; (b) selecting the rate for a period deemed most appropriate for each group; and (c) modifying that rate if past trends are judged not likely to continue throughout the entire projection period. The levels of anticipated labor force are then calculated by applying the projected participation rates to the Bureau of the Census population projections. The a g g r e g a te e c o n o m ic p r o je c tio n s o r g r o s s n a tio n a l p r o d u c t, in total and by major demand and income category, use the b l s labor force and Census population projections as inputs. Consistent economic scenarios are developed to provide aggre gate controls for the various categories of demand and employ ment. These scenarios are selected to encompass a band around likely growth of the economy in the future. Later stages of the projection process develop industry-level projections consistent with these aggregate data. The Bureau’s aggregate economic projections have, in the past, been prepared with a modified version of the Thurow econo metric model of the U.S. economy. Following the last round of projections, it was determined that the b l s macro model was inadequate for further projections studies without major respe 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis cification and expansion. After studying the problem, the deci sion was made to look to the private sector for a macro model that would satisfy the needs of Bureau economists and that would, at the same time, remove the burden of periodic data base main tenance and model reestimation from the Bureau staff. A model of the size and complexity deemed necessary for an effective evaluation of U.S. economic growth potential had required that a significant proportion o f staff time be allocated to such routine maintenance. For this reason and because of staff and other re source limitations, a competitive procurement process was ini tiated in January 1982 and a contract was awarded to Chase Econometrics Associates, Inc., in October 1982. Under the terms of this agreement, the Bureau now uses the Chase macro model to develop its projections. The Chase model is a quarterly model of the U.S. economy, and is composed of 312 behavioral equations and 275 identities, thus determining 587 endogenous variables. In addition, the model contains 110 exogenous variables. The model can be conve niently decomposed into 13 sectors: (1) consumption, (2) business fixed investment, (3) residential investment, (4) change in busi ness inventories, (5) foreign trade, (6 ) Federal government, (7) State and local government, ( 8 ) employment and hours, (9) financial, (10) income, (11) wages and prices, (12) industrial production, and (13) energy. Assumptions are specified for the 110 exogenous variables. The model is simulated and the results are analyzed for consis tency and reasonableness. Modifications to the exogenous var iables and to the behavioral relationships are incorporated into the model until a reasonable set of results has been obtained. For the in d u s tr y o u tp u t p r o j e c t io n s , the U.S. economy is dis aggregated to 156 producing sectors, an exhaustive grouping which combines both the public and private sectors. The frame work for this procedure is an input-output model that is prepared for a base period by the Bureau o f Economic Analysis of the U.S. Department of Commerce. The first step at the industry level is to disaggregate the g n p estimate from the aggregate projections to a set of demands by industry. This projected in- vilian labor force is projected to attain a level of 131.4 million by 1995, an increase of just under 20 million from 1982. This represents average annual growth of 1.6 percent, 1982-88, and 1.0 percent between 1988 and 1995. The moderate-growth alternative uses the medium-growth pro jection of the civilian labor force discussed on pages 3-10 of this issue. The labor force projections in the low-trend and high-trend versions were generated by the macro model described on page 9. Federal receipts and expenditures. General fiscal restraint throughout the remainder of this decade is the basic char acteristic of the moderate-growth government expenditure and tax policies. Federal defense purchases of goods and services are assumed to increase at a real rate of 4.1 percent each year between 1982 and 1986. Thereafter, growth is assumed to drop to the 0.5- to 1.0-percent range to 1995. dustry demand, in conjunction with a projected input-output ta ble, is used to calculate total industrial production. The projected changes in input-output coefficients in the input-output model capture— among other factors— expected changes in technology. Finally, the employments necessary to produce those levels of output are estimated through use of projected industry produc tivity. Aggregate demand projections are available from the macro model for 15 categories of consumption, 8 types of investment, 15 end-use categories of foreign trade, and 3 categories of gov ernment spending. Where possible, a further disaggregation of the control values is undertaken: Purchases of producers’ durable equipment is divided into 23 types of capital equipment. Gov ernment spending is grouped into 1 2 categories. To allow for shifts in the composition of aggregate demand and in the industrial makeup of a given demand category, “ bridge tables’’ are projected. The bridge table is a set of percent dis tributions for each given demand category, such as one of the consumption groups or investment, among each of the 156 in dustries in the b l s input-output model. The projection of the input-output table accounts for the changes in the input pattern for each industry. In general, two types of changes are made: (a) those made to the inputs of a specific industry after an industry study (as for the changes in inputs in the aluminum industry); and, (b) those made to the inputs of all industries for a specific commodity (as for increased use of busi ness services across a wide spectrum of industries). Output re quirements by industry are the result of multiplying the projected input-output table by projected changes in level and distribution of final demand. The projected changes in industry output are important factors determining the p r o je c tio n s o f in d u s tr y e m p lo y m e n t. However, converting output projections into employment estimates requires productivity-by-industry projections and measures of changes in average hours by industry. This is accomplished using a regres sion model with an equation for each industry that estimates worker-hours as a function of the following variables: ( 1 ) the industry’s output, (2) capacity utilization, (3) the relative price of labor, and (4) a technology variable as approximated by the output/capital ratio. Worker-hours are then converted into jobs by dividing by average annual hours, which are projected using https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Nondefense purchases of goods and services in real terms are expected to decline in the 1983-87 period, reaching $35.8 billion in 1987, $1.8 billion below the 1982 level. This reflects some employment declines, as well as general cutbacks in operating funds for many programs. Nondefense purchases are then assumed to grow, in real terms, by about 0.5 to 1.0 percent each year to 1990, and to accelerate somewhat to the 2.5- to 3.0-percent range during the first half of the next decade. Social security benefit payments are expected to grow in nominal terms at an annual rate of 7.2 percent in the 1982— 88 period, and by 7.1 percent each year between 1988 and 1995. No real benefit increases are assumed through 1988. The growth in social security payments is generated by inflation and by expanding client population only. After 1988, some resumption of real benefit growth is assumed, on the order of 0.5 percent to 1 percent annually. time trends. The sum of employment by industry is controlled to total employment as estimated in the macro model. Several iterations are usually necessary for a reasonable balance to be achieved. Projections of employment for the 156 sectors in the Economic Growth Model are disaggregated to 372 industries corresponding to the 3-digit Standard Industrial Classification (sic). This is done to match the industry mix of the industry-occupation matrix de scribed later. The disaggregation is accomplished via a timeseries regression model. The disaggregated 3-digit sic industry employment projections are reviewed in light of a broad range o f economic information. When the industry projections are con sidered final, they are used as inputs to the process o f projecting occupational employment. One of the main resources in making o c c u p a tio n a l e m p lo y m e n t p r o j e c t io n s is the industry-occupation matrix. This matrix is pro duced from data collected by State employment agencies and brought together by the Bureau of Labor Statistics to produce national estimates. The data are collected from employers on a 3-year cycle— manufacturing one year, nonmanufacturing the next year, and the balance of nonmanufacturing (trade, trans portation, communications, and utilities) the final year. The data from the 3-year cycle are put on the same employment basis to form annual average estimates for occupational employment in each of the 3-digit sic industries. The matrix contains over 1,500 detailed occupations, although most industries do not have em ployment in many of these occupations. The major occupational cells of the industry-occupation matrix for the base year are reviewed and adjustments are made to the cells in the projected matrix to account for changes expected to take place in the industries because of technological change, product mix shifts, and other factors. The changes introduced into the input-output model for expected technological change may also change the staffing patterns in industries using the new technology. (For example, one would expect greater general employment of computer specialists as computer technology spreads across industries.) The projected industry employment data are applied to the projected industry occupational employment pat terns and the new cell employment is aggregated across all in dustries to yield total occupational employment for the projected year. 13 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990’s Medicare payments, on the other hand, are expected to grow at a 10.1-percent nominal rate over the 1982-88 pe riod, reflecting client population growth, higher-than-average medical care cost inflation, and some real benefit increases, on the order of about 1 percent annually. After 1988, the medicare rate of growth drops to 8 percent an nually as inflation continues to moderate. Unemployment insurance benefits decline sharply through 1990 as the economy recovers from the 1982 recession and the number of unemployed drops. Some slight growth is apparent after 1990 as the unemployment rate stabilizes. Other transfer payments, including Federal retirement pro grams and veterans’ benefits, are expected to increase at a nominal rate of 8.5 percent annually between 1982 and 1988, and at 7.9 percent during the 1988-95 period. Finally, grants to State and local governments are assumed to grow only with inflation during the entire period. On the revenue side of the Federal government books, projected personal tax rates reflect currently mandated tax cuts and the indexation of personal taxes for the remainder of the period. Corporate profits taxes are assumed to stabilize at about 26 percent of profits for the entire projection period. Indirect business taxes are expected to increase annually by about 5.8 percent, while social insurance contributions are governed by the currently mandated tax rates and income base determination methods. The net effect of these policies is a Federal budget deficit ( n i p a basis) that declines steadily from $180 billion in 1983 to about $70 billion by 1990, and then remains at roughly that level for the remainder of the projection period. The assumed growth rates for industrial production appear high from a historical perspective. The table is deceptive, however, because the selected historical years are repre sentative of peak-to-peak periods in this country. The world economy tends to lag the U.S. business cycle and, as a result, the historical growth rates presented above are not truly representative of long-term trend growth patterns. Gen erally, world industrial production has tended to increase at a 2.5- to 3.5-percent rate during trend growth periods. Monetary policy. In the financial sector, 10 interest rates Energy. Domestic oil production, currently running at about are derived, with the Federal funds rate providing the key to the overall term structure of rates. The major assumption affecting the determination of the Federal funds rate is the rate of growth of the nonborrowed monetary base, excluding currency. It is assumed that this variable will grow at a rate close to 10 percent during 1983, dropping to about 7 percent during the 1984-87 period, and then to the 5.5- to 6-percent range for the remainder of the projection period. This reflects an assumed willingness on the part of the Federal Reserve Board to loosen up somewhat on monetary controls as the economy recovers from the 1982 recession. Also affecting the financial sector is the assumption con cerning the rate of growth of money-market related mutual funds. This variable affects the distribution of the money stock between the aggregate money supply measures M 1 and M2. Money-market funds are expected to increase at a strong pace during the mid-1980’s (about 12 to 15 percent annually), but this will taper in the late 1980’s and early 1990’s to about a 10-percent average rate of growth. 10 million barrels per day ( m b p d ), is assumed to decline to 9.5 m b p d by 1987 and to remain at that level thereafter. Petroleum imports, on the other hand, are expected to in crease steadily from 5.1 m b p d in 1982 to 7.8 m b p d in 1990 and 8 m b p d in 1995. The price of imported oil is assumed to rise from the 1983 price of $28 per barrel to $41 in 1990 and to $52 by 1995. This rise is consistent with overall inflation but does not reflect any real increase in the barrel price of imported crude oil. Affecting transportation-related demand for petroleum are assumptions concerning the average miles-per-gallon of new domestically produced autos, and the ratio of imports to domestic autos. Mileage figures are assumed to improve from the 1982 level of 26.7 mpg to 37.8 by 1990 and 41.7 by 1995. After declining to a more normal share of 24 percent in 1983, imported autos are expected to capture more of the U.S. auto market, accounting for 30 percent of domestic sales by 1990. The share is assumed to stabilize through 1995 at that level. Foreign economic conditions. Exports of domestically pro Implications of moderate growth duced goods and services are influenced primarily by in ternational financial markets and by the economic condition Real g n p is projected to increase at an average annual rate of 3.2 percent over the 1982-90 period, reflecting re- 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis of our major trading partners. The following table sum marizes the assumed annual percentage rates of growth of the variables in the macro model that reflect these consid erations: A vera g e I n d u s tr ia l W h o le s a le v a lu e p r o d u c tio n , p r i c e in d e x . o f th e w o r ld r e s t- o f - w o r ld U. S. d o lla r 4 Historical: 1968-73 ........ 1973-77 ........ 1977-82 ........ 0.9 0.7 Low growth: 1982-90 ........ 1990-95 ........ 3.0 2.9 8. 8 1.6 7.9 0.0 Moderate growth: 1982-90 ........ 1990-95 ........ 3.2 3.1 8.3 6.9 2.1 High growth: 1982-90 ........ 1990-95 ........ 3.3 3.4 8.5 7.3 2.2 — — 11.8 10.0 - 3 .0 2.4 3.3 1.3 1.5 covery from the 1982 recession. After 1990, g n p growth moderates somewhat to an annual rate of 2.5 percent be tween 1990 and 1995 (table 1). This assumes a return to the long-term trend growth path following the recovery and the continuing slowdown in the rate of growth of the civilian labor force. Following is a summary of the projection results for each major sector of the economy. Prices. Projections for price change are truly optimistic in the moderate-growth scenario— at least compared to the more recent experience: A n n u a l c h a n g e , in p e r c e n t G ro ss P erso n a l c o n s u m p tio n d o m e s tic d e f la to r e x p e n d itu r e s d e f la to r in v e s tm e n t d e f la to r 2.4 5.1 7.3 2.1 4.6 7.1 8.1 8.1 1.7 5.1 9.4 7.1 5.4 3.3 5.2 3.6 5.8 2.7 GNP Historical: 1955-68 ........ 1968-73 ........ 1973-77 ........ 1977-82 ........ Moderate growth: 1982-90 ........ 1990-95 ........ p r i v a te The moderation in inflation expectations is based on the relatively modest rate of recovery projected from the 1982 recession. Demand growth accelerates at a pace readily matched by production capacity, thus averting much of the demand pressure on prices apparent during recoveries from the 1969-70 and 1973-75 recessions. The 1981-82 reces sion also significantly dampened wage rate growth, a major impetus to renewed inflation during earlier recoveries. Employment and productivity. Civilian household employ ment is projected to increase by just over 24 million jobs between 1982 and 1995, as the unemployment rate declines from 9.7 percent in 1982 to 6.3 percent in 1990 and to 6.0 percent in 1995. (See table 2.) This represents average an nual growth in employment of 2 percent between 1982 and 1990 and of 1.1 percent between 1990 and 1995. There are 6.5 million new jobs in the goods-producing sector, and 17.3 million in the private service-producing industries. For the private nonfarm sector, the long-term average annual rate of productivity growth was 2.6 percent between 1955 and 1968. Between 1968 and 1973, this rate dropped to 2.1 percent annually and even further, to 0.2 percent, during the 1973-82 period. The slowdown in productivity growth over the past decade has been attributed to many factors, including the influx of new workers into the labor force; slowing in capital accumulation per worker; emphasis on nonproductive types of investment, such as pollution control investment; and the remarkable increase in energy prices since 1973. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Over the coming decade, many of the factors that con-' tributed to the productivity slowdown are expected to im prove. As a result, the projections for productivity are quite optimistic when compared to more recent experience. Pro ductivity in the private nonfarm sector is expected to in crease at a rate of 1.7 percent annually between 1982 and 1990 and by 1.4 percent each year during the 1990-95 period. Increases in manufacturing labor productivity are expected to average 2.2 percent annually over the entire period. Developments related to employment and labor produc tivity are discussed by Valerie Personick elsewhere in this issue. Personal consumption. Consumer spending is the largest component of g n p . In 1968, personal consumption expen ditures ( p c e ) accounted for 60.0 percent of real g n p . The share increased to 63.2 percent in 1981 and to 65.3 percent in 1982. It should be noted that personal consumption ex penditures accounted for a large proportion of g n p in 1982 because of the rapid relative increase in the purchase of services during a recessionary period. After returning to a more normal share of g n p after 1983, consumer expendi tures are still expected to show a long-term upward trend, reaching 65.2 percent of g n p in 1995. The increase is due primarily to relatively higher disposable income and a slightly lower savings rate, as well as to the smaller share of g n p accounted for by government expenditures. Table 3 details the projections of 15 major categories of consumer spend ing. Because of price effects, new technology, the shifting population mix, and new household formation, consumers’ behavior will exhibit some changes over the next decade. Purchases of consumer durables are projected to grow very strongly over the period— 5.1-percent average annual growth from 1982 to 1990 and 2.9 percent each year, 1990-95. All categories of durables are expected to increase strongly in the early period of the projections, but the largest growth is attributable to motor vehicles and to household appli ances. Generally speaking, durables purchases react quite sharply to increasing inflation and to swings in the business cycle because such purchases are easily put off until “ better tim es.” Two major reasons for the strong durables growth over the projection period are the greatly improved inflation situation and the lack of business-cycle swings built into the projection methods. Purchases of motor vehicles and parts dropped dramati cally during the 1982 recession. Sales of new motor vehicles were down 18 percent to 11.4 million units in 1980 and dipped to 10.4 million units in 1982, the worst slump in 20 years. The drop in new-car sales was largely accounted for by domestic autos, as imports continued to increase their share of the market during the 1982 recession. With cut-rate financing luring buyers, sales rebounded sharply in the final months of 1982. Demand for motor 15 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990’s Table 1. Gross national product, 1968, 1973, 1977, 1982, and projected to 1990 and 1995 [Billions of 1972 dollars] Item 1968 1973 1977 1982 1990 High Moderate 1995 Low High Moderate Low Gross national product............................. $1.058.1 $1,255.0 $1,369.7 $1.485.4 $2,004.2 $1,915.5 $1,857.9 $2,264.6 $2,166.9 $2,126.7 Personal consumption ............................. Durables ........................................... Nondurables....................................... Services ........................................... 634.4 88.3 270.5 275.6 768.5 121.3 308.0 339.2 864.3 138.0 333.4 393.0 970.2 139.8 364.2 466.2 1,296.0 236.0 447.2 612.8 1.240.2 208.8 436.2 595.2 1,196.8 190.1 423.7 583.0 1,491.4 277.4 481.2 732.9 1,412.4 240.4 468.0 704.0 1,349.1 223.8 438.4 686.9 Gross private investment ......................... Equipment......................................... Structures ......................................... Residential......................................... Inventory change............................... 161.6 66.8 42.8 43.1 9.0 217.5 90.7 47.4 62.3 17.2 214.2 99.9 40.4 60.7 13.3 194.5 112.7 53.4 37.8 -9.4 342.1 166.2 62 8 97.8 15.3 305.7 149.1 61.5 80.5 14.6 250.1 132.4 45.0 63.6 9.0 405.0 202.8 76.9 113.1 12.2 337.2 177.2 70.1 78.1 11.9 285.7 159.6 44 6 69 6 11.9 Net exports......................................... Exports ........................................... Imports......................................... 1.9 61.2 59.3 15.5 97.3 81.8 22.0 112.9 90.9 28.9 147.3 118.4 34.1 206.7 172.6 48.8 202.3 153.5 83.0 206.5 , 123.5 22.8 261.7 238.9 85.9 260.0 174.1 148.4 267 9 119.4 Government............................... Federal ............................................. State and local ................................... 260.2 128.2 132.0 253.5 95.9 157.6 269.2 100.5 168.8 291.8 116.6 175.2 332.0 136.8 195.2 320.9 132.4 188.5 327.9 144.3 183.6 345.4 144.6 200.7 331.4 139.2 192.2 343 5 157 0 186.5 Gross national product....................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Personal consumption........................... Durables ........................................... Nondurables................................... Services ................................. 60.0 8.3 25.6 26.0 61.2 9.7 24.5 27.0 63.1 10.1 24.3 28.7 65.3 9.4 24.5 31.4 64.7 11.8 22.3 30.6 64.7 10.9 22.8 31.1 64.4 10.2 22.8 31.4 65.9 12.2 21.2 32.4 65 2 11 1 21 6 32.5 63 4 10 5 20 6 32.3 Gross private investment .............. Equipment........................... Structures ..................................... Residential........................... Inventory change......................... 15.3 6.3 4.0 4.1 0.9 17.3 7.2 3.8 5.0 1.4 15.6 7.3 2.9 4.4 1.0 13.1 7.6 3.6 2.5 -0.6 17.1 8.3 3.1 4.9 .8 16.0 7.8 3.2 4.2 .8 13.5 7.1 2.4 34 .5 17.9 90 33 50 .5 15 6 8? 3? 3 fi .5 13 4 75 21 33 .6 Net exports ........................... Exports................................. Imports..................................... .2 5.8 5.6 1.2 7.8 6.5 1.6 8.2 6.6 1.9 9.9 8.0 1.7 10.3 8.6 2.5 10.6 8.0 4.5 11.1 6.6 10 11.6 10.5 40 12 0 8.0 70 1? 6 5.6 Government................................. Federal .................... State and local ....................... 24.6 12.1 12.5 20.2 7.6 12.6 19.7 7.3 12.3 19.6 7.8 11.8 16.6 6.8 9.7 16.8 6.9 9.8 17.6 7.8 9.9 15.3 64 8.9 15 3 64 8^9 16 ? 74 8'8 Average annual rate of change (In percent) High Moderate 1982-90 1990-95 1982-90 1990-95 1982-95 1982-90 1990-95 Percent distribution 68-73 1973-77 1977-82 Low Gross national product 3.5 2.2 1.6 3.8 2.5 3.2 2.5 3.0 2.8 2.7 Personal consumption Durables ............ Nondurables ........ Services.............. 3.9 6.5 2.6 4.2 3.0 3.3 2.1 3.7 2.3 0.3 1.8 3.5 3.7 6.8 2.6 3.5 2.8 3.3 1.5 3.6 3.1 5.1 2.3 3.1 2.6 2.9 1.4 3.4 2.9 4.3 1.9 3.2 2.7 39 19 2.8 24 33 07 3.3 Gross private investment Equipment ............ Structures ............ Residential ............ 6.1 6.3 2.1 7.6 -0.4 2.4 -3.9 -0.6 -1.9 2.4 5.7 -9.0 7.3 5.0 2.1 12.6 3.4 4.1 4.1 2.9 5.8 3.6 1.8 9.9 2.0 3.5 2.7 -0.6 4.3 3.5 2.1 5.7 32 20 -2 1 7.4 2J 33 Exports Imports 9.7 6.6 3.8 2.7 5.5 5.4 4.3 4.8 4.8 6.7 4.1 3.3 5.2 2.6 4.5 3.0 43 0.5 5.3 -0.7 -0.5 1.5 1.6 1.6 -5.6 1.2 3.0 2.0 3.6 1.7 0.8 1.4 Historical data, Bureau of Economic Analysis: projected data, Bureau of Labor Statistics 0.8 1.1 0.6 1.2 1.6 0.9 0.7 1.0 0.4 1.0 1.4 0.7 15 27 0.6 QJ 17 0.3 Government . . . Federal . . . . State and local Source: vehicles and parts is expected to increase at a robust rate, averaging 5.8-percent growth between 1982 and 1990. This represents an increase in new domestic car sales to 8.6 million units by 1990. Although low by the standards of the 1960’s and I970’s, this is still well above the average sales rate of 5.7 million domestic cars in 1982. The slow- 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis (12 1.8 down from the long-term trends is caused by continuing relative price increases, à projected decline in the entry of new drivers into the marketplace, and the assumption that imports will continue to improve their competitive position in this country. The following table summarizes purchase data for motor vehicles, historically and projected. Vehicles and parts as a percent of pce (1972 dollars) ........ New-vehicles sales (millions of units) . . . New-car sales ........ Domestic ............ Imported ............ New-light-truck sales .................... Percent import share, new c a r s .................. 1968 1973 1977 1982 1990 1995 6.3 7.4 7.3 5.9 7.3 7.0 10.4 11.1 8.0 16.6 12.4 12.0 8.6 13.6 11.4 9.6 14.6 9.6 1.0 1.8 2.1 5.7 2.3 3.7 8.4 3.6 — 2.3 3.5 2.4 4.2 4.1 10.7 15.5 18.7 28.3 30.0 30.0 9.0 are also expected to become increasingly important. Thus, considerable growth of 4.2 percent annually in the 1982— 95 period is projected, much higher than the growth rate of 2.9 percent for total consumption during the same period. Consumer purchases of nondurables are expected to ac count for progressively smaller shares of g n p throughout the projection period. Nondurables accounted for 25.6 per cent of g n p in 1968. The share dropped to 24.5 percent in 1982 and is projected to decline further to 22.8 percent and 21.6 percent of g n p in 1990 and 1995, as nondurables grow more in line with population than they did during the 1970’s. Food consumption has been declining as a proportion of total p c e over time, and it is expected to continue to do so through 1995. As a family’s real income increases, the percentage spent on food decreases. In 1982, purchases of food accounted for 19.0 percent of p c e , while by 1995, they are expected to decline to 15.8 percent. Particularly, demand for restaurant meals is projected to grow more slowly in the period than in recent years. During the last decade, a rapid increase in the number of working wives helped to boost restaurant sales. Female labor force participation is projected to continue to rise over the projection period but at a slower pace than during the last 10 years. Consequently, purchased restaurant meals are projected to grow only at a rate of 1.1 percent per year in the 1982-95 period, compared with 2.8 percent between 1973 and 1979. Average growth of 2.3 percent annually is projected for purchases of clothing and shoes between 1982 and 1995, compared with rates of 3.9 percent per year in the 1968- 16.1 8. 6 Like the case for motor vehicles, the projected surge in purchases of furniture and household appliances is attrib utable to recovery. With the expected upturn in construction of new homes, demand for housing-linked items is expected to increase rapidly, at a rate of 4.6 percent per year, between 1982 and 1990. In addition to the housing-related demand growth, a new boom in household appliances and furnishings, largely par alleling the 1950’s television experience, will feature con sumer electronics and a new wave of replacement demand. Purchases of home computers and supplemental equipment, such as printers and software, have exploded in the U.S. marketplace; demand for such popular new products is fore seen to grow strongly in the next decade. Other new elec tronic products, such as compact audiodiscs, video cassette recorders, and sophisticated electronic telephone systems, Table 2. Selected m acroeconom ic variables, 1968, 1973, 1977, 1982 and projected to 1990 and 1995 Item GNP deflator (1972 = 100) .................... 82.5 105.7 140.0 1995 1990 1982 1977 1973 1968 Moderate High 206.9 341.1 315.9 Low High 303.5 Low Moderate 483.7 372.1 341.8 120.9 6.8 128,250 18,532 109,718 2,500 22,963 72,673 11,582 Private nonfarm productivity.................... Unemployment rate................................. 86.6 3.6 95.2 4.9 100.1 7.1 100.0 9.7 116.1 5.4 114.6 6.3 114.0 6.5 125.3 5.2 122.7 6.0 Total employment (in millions) ................ Government ....................................... Private ............................................. Farm ............................................. Manufacturing ................................. Service-producing ........................... Other ............................................. 83,549 14,092 69,457 3,662 20,065 37,363 8,367 91,735 15,506 76,229 6,220 20,438 43,567 9,004 97,539 16,783 80,756 2,950 20,017 48,796 8,993 105,555 17,471 88,084 2,815 19,223 56,721 9,325 121,869 17,891 106,978 2,672 22,635 67,828 10,843 120,830 17,658 103,172 2,652 22,236 67,533 10,751 119,735 17,993 101,742 2,630 21,686 66,559 10,867 132,843 18,482 114,361 2,595 24,132 75,596 12,038 130,260 18,203 112,057 2,550 23,491 74,157 11,859 Average annual rate of change (in percent) 1982-90 Low Moderate High 1968-73 1990-95 1982-90 1990-95 1982-95 1982-90 1990-95 GNP deflator (1972 = 100) .................... 5.1 7.3 8.1 6.5 7.2 5.4 3.3 4.6 4.9 3.4 Private nonfarm productivity.................... 1.9 1.3 0.0 1.9 1.5 1.7 1.4 1.6 1.7 1.2 1.7 1.7 1.4 1.6 1.5 1.6 1.8 1.5 1.9 Total employment................................... 0.4 0.7 0.1 0.6 0.3 0.3 0.8 1.9 2.0 Government....................................... 1.7 1.8 1.9 2.0 1.6 1.8 2.1 1.2 1.9 Private ............................................. -0.7 -0.7 -0.8 -0.6 -0.8 -0.6 -2.2 -0.9 -2.5 Farm ............................................. 1.3 1.8 1.1 1.3 1.5 2.1 0.4 -0.5 -0.8 Manufacturing................................. 2.2 1.9 1.8 2.0 2.3 2.2 2.9 3.1 3.1 Service-producing ........................... 2.1 1.8 2.0 1.6 1.9 0.7 1.9 - 0.0 1.5 Other ............................................. Source: Historical and projected employment data and projected price deflator, Bureau of Labor Statistics: historical price deflator, Bureau of Economic Analysis. 1.4 0.6 1.5 -1.0 1.2 1.8 1.3 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 17 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990's Table 3. Personal consum ption expenditures by m ajor categories, 1968, 1973, 1977, 1982, and projected to 1990 and 1995 [Billions of 1972 dollars] Category Total ................ 1968 1973 1977 1982 1990 1995 High Moderate Low High Moderate Low $634.4 $768.5 $864.3 $970.2 $1,296.0 $1,240.2 $1,196.8 $1,491.4 $1,412.4 $1,349.1 Motor vehicles and parts . Household appliances . . . Household furnishings . . . Other durable goods . . . . Total durables . . . 40.3 14.2 20.5 13.4 88.3 56.5 25.1 18.5 121.3 63.5 26.3 26.6 21.5 138.0 57.4 33.0 26.7 22.7 139.8 107.0 52.5 41.5 35.0 236.0 90.3 48.3 37.5 32.7 208.8 80.7 43.8 34.6 31.0 190.1 118.1 64.6 51.2 43.5 277.4 98.2 57.4 45.1 39.7 240.4 87.1 55.1 43.8 37.8 223.8 Food and beverages . . . . Clothing and shoes........ Gasoline and o il............ Fuel oil and coal............ Other nondurable goods . . Total nondurables . 142.4 49.0 19.9 5.3 53.9 270.5 153.6 59.3 26.2 5.4 63.5 308.0 170.6 67.5 27.7 4.4 63.2 333.4 184.0 84.4 25.6 3.5 216.6 106.9 29.7 3.7 90.3 447.2 213.2 103.9 28.8 3.7 207.1 228.7 117.0 30.5 4.4 208.9 105.3 26.8 4.1 93.3 438.4 Housing services .......... Household electricity . . . . Household natural gas . . . Other household operations Transportation services . . Other services .............. Total services . . . . 93.5 9.6 5.9 23.4 23.4 119.7 275.6 118.2 13.0 6.4 28.0 28.5 145.1 339.2 141.3 16.0 6.5 32.6 32.7 163.9 393.0 38.6 31.7 199.6 466.2 215.2 25.5 5.3 55.0 45.0 266.7 612.7 100.0 100.0 100.0 100.0 100.0 6.4 7.4 2.2 2.8 7.3 3.0 3.1 2.5 16.0 5.9 3.4 8.3 4.1 3.2 2.7 18.2 21.2 66.6 364.2 171.3 18.3 6.6 436.2 27.9 3.6 84.3 423.7 481.2 223.8 113.7 28.9 4.4 97.2 468.0 212.7 24.6 5.1 52.9 42.4 257.5 595.2 209.8 24.1 5.0 51.4 41.0 251.8 583.1 249.3 30.0 5.2 68.9 55.1 324.3 732.8 247.7 28.4 4.7 64.0 50.1 309.1 704.0 245.1 27.2 4.5 61.3 47.9 300.9 686.9 100.0 100.0 100.0 100.0 100.0 7.3 3.9 3.0 6.7 3.7 2.9 7.9 4.3 3.4 2.9 18.6 7.0 4.1 3.2 6.5 4.1 3.2 86.6 100.8 100.6 Percent distribution Total ................ Motor vehicles and parts . Household appliances . . . Household furnishings . . . Other durable goods . . . . Total durables . . . 3.2 2.1 13.9 Food and beverages . . . . Clothing and shoes........ Gasoline and o il.............. Fuel oil and coal.............. Other nondurable goods . . Total nondurables . . 8.5 42.6 Housing services ............ Household electricity........ Household natural gas . . . . Other household operations Transportation services . . . Other services ................ Total services........ 14.7 1.5 0.9 3.7 3.7 18.9 43.4 22.4 7.7 3.1 7.7 3.4 0.7 8.3 40.1 19.7 7.8 3.2 0.5 7.3 38.6 15.4 1.7 16.3 1.9 0.8 0.8 20.0 0.8 196873 Total 3.3 2.4 15.8 3.6 3.7 18.9 44.1 197377 3.9 3.0 Motor vehicles and parts Household appliances . . Household furnishings . . Other durable goods . . . Total durables . . 7.0 8.4 4.1 6.7 3.0 5.5 1.5 3.8 3.3 Food and beverages . . . Clothing and shoes Gasoline and oil .......... Fuel oil and coal.......... Other nondurable goods . Total nondurables 1.5 3.9 5.7 0.4 3.3 6.6 2.7 3.3 1.4 -5.0 - 0.1 2.0 3.8 3.8 19.0 45.5 197782 - 2.8 2.3 14.4 19.0 8.7 2.6 0.4 6.9 37.5 17.7 1.9 0.7 4.0 3.3 20.6 48.0 2.6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.8 2.8 15.9 2.3 0.3 7.0 34.5 17.2 8.4 2.3 0.3 7.0 35.2 17.3 8.4 2.3 0.3 7.0 35.4 0.3 6.7 32.3 0.3 6.9 33.1 0.3 6.9 32.5 16.6 17.2 17.5 16.7 17.5 18.2 16.7 8.2 2.0 0.4 4.2 3.5 20.6 47.3 2.0 2.0 0.4 4.3 3.4 20.8 48.0 0.4 4.3 3.4 21.0 48.7 Average annual rate of change (in percent) High Moderate 198219901982199090 95 90 95 15.3 7.8 2.0 2.0 0.3 4.6 3.7 21.7 49.1 17.0 16.6 15.8 15.5 7.8 8.1 2.0 2.0 2.0 2.0 0.3 4.5 3.5 21.9 49.8 0.3 4.5 3.6 22.3 50.9 Low 198295 198290 199095 2.3 3.7 2.8 3.1 2.6 2.9 2.7 2.4 2.0 8.1 2.0 5.8 4.9 4.3 4.7 5.1 1.7 3.5 3.8 4.0 2.9 4.2 4.4 4.1 4.4 4.3 4.3 3.6 3.3 4.0 3.9 1.5 4.7 4.8 4.0 3.3 1.0 1.5 2.3 0.9 1.7 2.9 1.9 1.5 2.3 0.2 4.6 0.3 6.8 4.2 4.3 4.4 3.3 1.5 4.6 -1.5 -4.5 3.0 1.9 2.1 1.1 0.1 1.1 1.1 6.0 5.6 5.6 0.6 3.9 1.8 0.5 3.5 2.2 1.9 2.6 1.8 1.5 0.1 3.5 2.3 1.4 0.6 3.3 2.3 2.6 1.8 2.6 1.5 Housing services .......... 4.8 4.6 3.9 2.9 3.0 2.7 Household electricity . . . . 6.3 5.3 2.8 4.2 3.3 3.7 Household natural gas . .. 1.6 0.4 0.1 -2.7 -0.4 -3.1 Other household operations 3.7 3.9 3.5 4.5 4.6 4.0 Transportation services . . 4.0 3.5 - 0.6 4.5 4.1 3.7 Other services ................ 3.9 3.1 4.0 3.7 4.0 3.2 Total services........ 4.2 3.8 3.5 3.5 3.6 3.1 Source: Historical data are from table 2.5 of the National Income and Product Accounts Tables, Bureau of Economic Analysis. 18 2.6 16.8 3.1 2.9 - 1.6 3.9 3.4 3.7 3.4 2.9 3.4 -2.5 4.0 3.6 3.4 3.2 1.1 0.9 - 0.2 3.0 1.9 0.7 3.2 2.5 2.6 3.5 -3.4 3.6 3.3 2.9 2.8 0.8 2.6 2.0 - 2.1 3.6 3.2 3.6 3.3 73 period and 4.0 percent in the 1973-82 span. This rep resents real spending of $438 per person for clothing and shoes in 1995, compared with $280 in 1973 and $363 in 1982. The baby boom of the fifties powered much of the demand for clothing purchases of the sixties and seventies. The baby bust of the sixties will mean, for the nineties, a smaller proportion of the population in the 16- to 44-yearold group, accounting for 43 percent in 1995 versus 46 percent in 1982; individuals in this age group are major purchasers of clothing and shoes. Due to continuing conservation, the downsizing of cars, and expected increases in relative energy prices, energy consumption stays at low levels through 1995. In 1982, the average miles-per-gallon for new domestic cars was 26.7, while by 1995, this figure is expected to jump to 41.7. Thus, only slight growth of 0.9 percent per year is projected for gasoline and oil purchases in the 1982-95 period. Since the energy crisis of the 1970’s, consumption of fuel oil and coal for household heating and cooling has dropped sub stantially in response to relative price increases. Although the downward trend is expected to reverse in 1984, con sumption will probably not return to its previous levels, at least not in the projection period. Average annual growth of 1.7 percent is projected for fuel oil and coal during the 1982-95 period. Drugs and medical sundries is the only category of non durables expected to show rapid growth during the projec tion period. Because of continued demand growth and the introduction of new kinds of products, a strong increase of 6.0 percent per year is projected between 1977 and 1995. Consumer purchases of services have been becoming a more important budget item historically, and this trend is expected to continue to 1995. The growth of services pur chases is broadly based; with the exception of natural gas purchases, all categories of services are expected to increase by at least 2.9 percent per year between 1982 and 1995. Consumer expenditures for housing, which include rent paid by tenants and an imputed rental value of owner-oc cupied housing, have been an increasing share of total pc e over time, rising from 14.7 percent in 1968 to 16.3 percent in 1977, and to 17.7 percent in 1982. By 1995, housing expenditures are expected to exceed food expenditures and become the largest consumption category. The increase in housing demand is in response to changes in household formation rates— a trend toward single-person households, and a decrease in family size from 3.0 persons in 1973 to 2.6 in 1982, and to 2.4 in 1995. Stable growth of 2.9 percent per year in housing expenditures is projected for the 198295 period. Since the early 1970’s, demand for electric power has increased, consistently outpacing growth in g n p . In con https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis trast, demand for natural gas has continued to decrease. This shift reflects diminished natural gas supplies and price hikes that have caused electricity to become the principal alternative energy source. During the past 2 years, retail natural gas prices rose by 40 percent (in nominal terms) in some parts of the Nation, and industry experts predict a sharp rise of 16 percent for the 1984 winter heating season. These trends of increased availability of electricity and de creased use of natural gas are expected to continue through 1995. Demand for electricity will grow 3.4 percent per year in the 1982-95 period, while demand for natural gas will fall at a rate of - 2 . 5 percent. Purchases of telephone and telegraph services by con sumers are expected to grow substantially over the projec tion span. This reflects the increased use of modern communication systems, such as call-waiting and call-for warding services, long-distance calling and related telecom munication systems, and the computerized telephone. In addition, cable television services have been expanding rap idly during recent years; spending on cable television ser vices in 1982 was more than triple that in 1977. This trend is expected to continue in the next decade. Also contributing to increasing relative expenditures for communications ser vices is the divestiture proceeding currently underway -for the major supplier of these services. Communications ser vices are projected to grow at an annual rate of 5.2 percent between 1982 and 1995. The large increases projected in medical care services are affected by continued growth in the percentage of the pop ulation over age 65, who need more health care than the general population, and by the increasing availability of new, sophisticated, and expensive medical treatment equip ment. In addition, demand for medical services seems to be relatively immune to the effects of price increases. Medical spending is projected to grow to 8.3 percent of p c e in 1995, compared to 7.0 percent in 1977. Investment. Gross investment is expected to continue to exhibit its traditional volatility during the projection period. Accounting for 17.3 percent of g n p in 1973, gross private domestic investment ( g p d i ) accounted for only 13.1 percent by 1982, primarily because of the disastrous effects of high inflation and the recessions of the 1970’s and early 1980’s on housing construction. By 1990, investment accounts for 16.0 percent of g n p , reflecting growing expenditures for equipment and the projected housing recovery. The share declines slightly to 15.6 percent of g n p by 1995 as housing construction hits a plateau. Equipment purchases are expected to grow at a 3.5-per cent rate between 1982 and 1995, well above the 2.4-percent rate of the 1973-82 period. Although still well below the 19 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990’s rate of growth of producers’ durable equipment ( p d e ) pur chases during the 1960’s, this has important implications for productivity. In terms of industries, computers and peripheral equip ment are projected to rise from 8 percent of producers’ durable equipment expenditures in 1977 to 20 percent in 1995. Despite the rapid growth by the computer industry during the 1970’s, more is still expected, brought on by advances in microchip technology. These developments should continue to bring down the price of computers, mak ing them available to even the smallest businesses. Large computers with speeds many times faster than the fastest now available will find expanded uses, and will also be purchased by large companies to replace existing equip ment. Investment spending on motor vehicles and aircraft is projected to grow less rapidly than total outlays for pro ducer’s durables as companies do little more than replace equipment that wears out. Moderate growth in the agricul tural sector translates into moderate investment in farm ma ch in e ry . D ev elo p m en ts such as laser sy stem s, data communications, and electronic mail will result in rapid growth in investment in radio and telephone equipment. The nonresidential construction market suffered its set back in the mid-1970’s and has, to some extent, already anticipated the recovery foreseen for the residential market. Growth in nonresidential construction is expected to average 2.1 percent each year between 1982 and 1995. Growth of expenditures for industrial structures is expected to exceed 5.0 percent annually over the entire period, more than off setting the very slow growth expected for commercial office buildings. Housing. The residential construction market is projected to recover strongly from its depressed condition of the last several years. Private housing starts are expected to rise from the 1982 level of 1.06 million units to a peak of 2.16 million in 1988. Thereafter, growth moderates and housing starts stabilize at about 1.9 million units annually to 1995. Hardest hit during the last several years have been single family housing starts. In 1982 and 1983, government sub sidy programs encouraged multifamily construction projects and, as a result, multifamily starts constituted almost 37 percent of total starts in 1982. Projected stronger growth in the single-family construction area means that one-unit houses will account for 66.5 percent of starts, with multifamily units dropping to 33.8 percent, by 1988. By 1995, single family starts are 65.8 percent of total starts. Mobile homes are projected to grow at a rate of 5.9 percent annually, 1982-90, and at a 2.5-percent rate between 1990 and 1995. Exports and imports. The assumption that our major trading partners will recover strongly from the current worldwide recession underlies the strong growth projected for U.S. exports of goods and services— 4.1 percent annually be 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tween 1982 and 1990, accelerating to 5.2 percent each year, 1990-95. By end-use categories, the expected growth is broadly based, as depicted in table 4. Merchandise exports are expected to grow at an annual rate of 5.3 percent over the projection period, led by con sumer goods with average growth of 6.9 percent. In dollar values, capital goods are expected to show the largest in creases— $24.2 billion, or nearly one-third of the total in crease. Growth in exports of consumer goods and capital goods reflects the expectation that U.S. trade will move toward developing countries in the long run because those countries tend to require goods with higher technological inputs, such as electronic computers and parts, aircraft and parts, telephonic and other electrical apparatus, and medic inal and pharmaceutical preparations. By 1995, computers are expected to be the leading export industry, reaching 5.3 percent of total exports with a growth rate of 8.4 percent per year from 1977 to 1995. Exports of telephone and tel egraph apparatus show the highest annual rate of increase— 10.9 percent— over the 1977-95 period. The category of food, feeds, and beverages will continue to account for a sizable share of U.S. exports in coming years, but it will grow at a slower rate. The following table highlights those industries with the best expected export performance: P ercen t o f to ta l The five largest export industries, 1995: e x p o r ts Computers ............................................ Food and feed grains ................................... A irc ra ft............................................................. Electronic components ................................. Motor vehicles ............................................... The five fastest growing export industries, 1977-95: 5 3 4.2 3.6 3.4 3.3 A nnual p ercen t g r o w th r a te Telephone and telegraph apparatus. Communications ................................ Floor covering mills ...................................... Furniture and fixtures .................................... Computers ........................................................ 10.9 10.3 8.9 8.5 8.4 Imports are projected to grow at an average rate of 3.0 percent annually between 1982 and 1995. Merchandise im ports will exhibit more rapid growth of 3.8 percent. Over the 1980-82 period, petroleum imports dropped by $1.8 billion, or 14 percent, as a result of both the U.S. recession and continuing efforts to conserve energy. Increasing im ports of petroleum during the projection period result from falling domestic production and some increase in demand. Domestic oil production is expected to continue to decline somewhat, dropping from 9.9 million barrels per day in 1982, and stabilizing at 9.5 million by 1990. In real terms, the barrel price of oil is assumed to reach $52 by 1995, a price rise which is accounted for by general inflationary expectations. Thus, overall demand for petroleum tends to increase without the price constraints evident during the Table 4. Foreign trade by end-use categories, 1968, 1 9 7 3 ,1 9 7 7 ,1 9 8 2 , and projected to 1990 and 1995 [Billions of 1972 dollars] 1995 1990 Category 1968 1973 1977 1982 Net exports ................................................. Net merchandise ....................................... Net services ............................................. $ 1.9 -1.9 3.8 $15.5 1.5 14.0 $ 22.0 0.9 21.1 $ 28.9 1.7 27.2 $ 34.1 -8.2 42.3 Total exports ............................................... Merchandise ............................................. Foods, feeds, and beverages.................... Industrial supplies and materials .............. Capital goods, excluding autos.................. Automobiles........................................... Consumer goods..................................... Other goods........................................... Services................................................... 61.2 39.0 5.5 12.3 13.3 4.1 2.7 1.0 22.3 97.3 61.2 9.7 17.1 21.3 6.4 4.4 2.3 36.1 112.9 68.0 10.5 16.8 24.1 7.9 6.1 2.6 44.9 147.3 81.4 14.5 21.7 28.4 5.4 7.4 4.0 65.9 Total imports ............................................... Merchandise ............................................. Foods, feeds, and beverages.................... Industrial supplies, excluding petroleum . . . . Petroleum and petroleum products............ Capital goods, excluding autos.................. Automobiles and parts ............................. Consumer goods..................................... Other goods........................................... Services............ T.................................... 59.3 40.9 6.5 14.0 2.8 3.9 5.4 6.8 1.4 18.5 81.8 59.7 7.4 16.5 6.6 7.2 8.9 11.4 1.7 22.1 90.9 67.1 6.9 17.8 9.0 9.0 10.6 12.5 1.5 23.8 118.4 79.7 7.2 16.3 5.1 18.9 11.5 17.9 2.9 38.7 Total exports ............................................... Merchandise ............................................. Foods, feeds, and beverages.................... Industrial supplies and materials .............. Capital goods, excluding autos.................. Automobiles........................................... Consumer goods..................................... Other goods........................................... Services................................................... 100.0 63.7 9.0 20.1 21.7 6.7 4.4 1.6 36.4 100.0 62.9 10.0 17.6 21.9 6.6 4.5 2.4 37.1 100.0 60.2 9.3 14.9 21.3 7.0 5.4 2.3 39.8 100.0 55.3 9.8 14.7 19.3 3.7 5.0 2.7 44.7 100.0 57.4 10.2 16.4 19.2 3.5 6.2 1.9 42.6 Total imports ............................................... Merchandise ............................................. Foods, feeds, and beverages .................... Industrial supplies, excluding petroleum . . . . Petroleum and petroleum products............ Capital goods, excluding autos.................. Automobiles and parts............................. Consumer goods..................................... Other goods........................................... Services................................................... 100.0 69.0 11.0 23.6 4.7 6.6 9.1 11.5 2.4 31.2 100.0 73.0 9.0 20.2 8.1 8.8 10.9 13.9 2.1 27.0 100.0 73.8 7.6 19.6 9.9 9.9 11.7 13.8 1.7 26.2 100.0 67.3 6.1 13.8 4.3 16.0 9.7 15.1 2.4 32.7 100.0 73.5 7.2 14.9 5.5 16.4 9.8 17.4 2.1 26.5 Moderate Low Low High $ 48.8 7.7 41.1 $ 83.0 35.8 47.2 $ 22.8 -21.5 44.3 $ 85.9 28.9 57.0 $148.4 72.9 75.6 206.7 118.7 21.1 33.8 39.6 7.3 12.9 4.0 88.0 202.3 119.8 20.1 34.6 40.9 7.9 12.5 3.9 82.5 206.5 125.7 20.1 35.3 43.6 9.7 13.1 3.9 80.9 261.7 146.5 30.1 41.3 45.4 7.2 17.5 4.9 115.2 260.0 158.7 28.3 45.1 52.6 10.5 17.6 4.6 101.3 267.9 171.9 28.4 45.9 59.5 13.9 19.6 4.6 96.0 172.6 126.9 12.5 25.8 9.5 28.3 17.0 30.1 3.7 45.7 153.5 112.1 11.5 22.8 8.9 24.9 14.9 25.4 3.7 41.4 123.5 89.9 10.3 20.4 8.4 16.9 12.5 17.8 3.7 33.6 238.9 168.0 14.7 29.0 13.3 44.1 20.1 42.6 4.2 70.9 174.1 129.8 13.2 23.3 12.7 29.6 17.1 29.7 4.2 44.3 119.4 99.0 10.7 20.7 12.5 19.2 16.1 15.6 4.2 20.4 100.0 60.9 9.7 17.1 21.1 4.7 6.3 1.9 39.2 100.0 56.0 11.5 15.8 17.3 2.8 6.7 1.9 44.0 100.0 61.0 10.9 17.3 20.2 4.0 6.8 1.8 39.0 100.0 64.2 10.6 17.1 22.2 5.2 7.3 1.7 35.8 100.0 100.0 73.0 72.8 7.5 8.3 14.9 16.5 5.8 6.8 13.7 16.2 9.7 10.1 14.4 16.5 2.4 3.0 27.2 27.0 Source: Historical data are from tables 4.2 and 4.4 of the National Income and Product Accounts Tables, Bureau of Economic Analysis. 100.0 70.3 6.2 12.1 5.6 18.4 8.4 17.8 1.8 29.7 100.0 74.6 7.6 13.4 7.3 17.0 9.8 17.1 2.4 25.4 100.0 82.9 9.0 17.3 10.5 16.1 13.5 13.1 3.5 17.1 High Moderate Percent distribution 1970’s. Petroleum imports are projected to grow at a rate of 7.3 percent per year between 1982 and 1995. Imported cars held their own during the 1981-82 reces sion. Sales of imports were at 2.3 million units in 1982, accounting for 28 percent of all new-car sales. By 1995, annual automobile imports are projected to reach 3.6 million units, or 30 percent of all domestic sales. Average growth of 3.1 percent per year is expected over the 1982-95 period. Two other categories of imports— capital goods, except autos, and consumer goods— are expected to grow at rates of 3.5 percent and 4.0 percent respectively from 1982 to 1995. In capital goods, electronic equipment and compo nents and business equipment will contribute most of the increase; in consumer goods, nondurable goods imports such as apparel will strengthen total growth. Imported apparel is expected to reach 22 percent of total output (domestic output plus imports) in 1995 versus 11 percent in 1977. Industrial supplies, however, are expected to grow more slowly, achieving a yearly rate of 2.8 percent in the 1982-95 period. The net result of these projections is a steady increase in real net exports over the period, from $29 billion in 1982 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100.0 59.2 9.9 17.1 20.2 3.9 6.2 1.9 40.8 to $86 billion in 1995, boosting the gnp share of net exports from 1.9 percent to 4.0 percent between those years. Government. More than half of government purchases are from the service industries, as indicated in the following distribution of 1977 government purchases less sales, by industry: F e d era l govern m en t S o u r c e in d u s tr y Total .................. Agriculture, mining. and maintenance construction....... Manufacturing....... Transportation, communications, and public utilities .............. Trade ..................... Other services ....... S ta te a n d lo c a l govern m en t D e fe n se N o n d efen se E d u c a tio n O th e r 100.0 100.0 100.0 100.0 1.5 34.1 - 1.7 27.2 4.2 11.2 5.2 13.5 4.0 0.9 59.5 3.6 2.3 68.6 3.5 -2 .7 83.7 5.6 2.3 73.4 21 MONTHLY LABOR REVIEW November 1983 • Economic Outlook For The 1990’s Federal employment in both the defense and nondefense areas is assumed to show little growth through 1995. With a steady level of armed forces, compensation falls from one half of defense purchases in 1977 to little more than onethird in 1995. The remainder of defense purchases are mainly from manufacturing industries, and it is in this area that healthy growth is expected. Computers and peripheral equipment purchases will more than triple, while those for radio and communications equipment (which includes las ers) are projected to more than double. Other defense-related industries such as ordnance, missiles, aircraft, ships, and electronic components will account for much of the rest of the purchases. Only moderate growth is expected in State and local gov ernment purchases between 1977 and 1995 as a result of the completion of the highway construction program; the slowdown in Federal grants-in-aid, outside of health; slower growth in the school-age population compared to the in crease through the early 1970’s; and diminished citizen ex pectations from government. Because most State and local purchases are for compensation, the expected moderate growth has only minor impacts on other industries. In general, State and local government purchases are expected to mirror the rest of the economy in the industries affected. Alternatives to moderate growth The high-growth and low-growth versions of the projec tions vary the assumptions regarding fiscal and monetary policy. By 1995, real gnp ranges between a low of $2,127 billion and a high of $2,265 billion, accompanied by un employment rates of 6.8 percent and 5.2 percent for the low and high, respectively. Each of the alternatives is summa rized below and estimates from these scenarios are presented with the moderate-growth projections in tables 1 and 2. High growth. The major assumption in the high scenario is that the Federal Reserve Board pursues a less restrictive monetary policy than in the moderate growth projections. The assumption is that the Board of Governors allows more rapid monetary growth in order to bolster recovery from the 1981-82 recession and to sustain a higher trend growth over the long run. This less-restrictive monetary policy, coupled with stronger demand growth, leads to somewhat different inflation ex pectations. The implicit gnp deflator increases at an annual rate of 6.5 percent between 1982 and 1990, 1.1 percent faster than in the moderate-growth version. However, in stead of decelerating after 1990, implicit deflator growth begins to pick up, running at 7.2 percent annually to 1995. This is comparable with the rate of inflation during the 1973-77 period. No real differences were assumed for fiscal policy in the high-growth projection. The higher inflation rates do, how ever, result in government expenditures growing more rap idly throughout the period. Federal expenditures rise at a 22 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rate of 7.8 percent each year between 1982 and 1995 as compared to the moderate-growth expenditures increase of 6.7 percent. Real gnp grows at an average annual rate of 3.9 percent during 1982-85, a 0.6-percent higher rate than in the mod erate version. Between 1990 and 1995, gnp rises at the same rate in both the moderate- and high-growth alterna tives— 2.5 percent annually. This is due primarily to the much higher rate of import growth in the high-trend version which tends to mask greater increases in the other categories of gnp . The gnp in 1995 is about $98 billion higher than in the moderate-growth case. Major demand differences are in purchases of consumer durables ($37 billion higher), producers’ durable equipment ($25 billion higher), and in residential investment ($35 bil lion higher). As noted above, greater income growth in this version leads to higher levels of imports, while exports are virtually unchanged. Net exports are therefore lower by $63 billion than in the moderate-growth projection. Finally, higher rates of income growth mean greater government revenues, which lead to a balanced Federal budget in 1990. In the high-trend alternative, the distribution of demand as compared to the moderate version shows no change in the share going to government. Personal consumption ex penditures at the total level show little difference, masking the fact that durables increase at the expense of nondurables and services. This follows from the assumption of easier money and lower interest rates, which are major induce ments to purchase durables. Lower interest rates also lead to a larger share of gnp going to equipment investment and construction. Increased purchases from manufacturing as a result of higher government, durable goods, equipment, and construction purchases are more than cancelled by the large increase assumed for imports. The drop in the export share of gnp is partially reflected in a slight decline in the agri cultural industries share. Low growth. This alternative simulation assumes higher levels of government spending, especially in defense, but also in transfers and grants. Federal expenditures grow at a rate of 9.4 percent each year between 1982 and 1990 and at. 7 percent during the 1990-95 period. This compares to 7.5-percent and 6.1-percent growth over the same periods in the moderate-growth scenario. Defense growth is about 1.5 percent higher each year between 1982 and 1988, re flecting somewhat higher staff levels and greater expendi tures on goods. Transfer payments are higher in every category, with the major increase in social security and medicare. As a result of the more aggressive (or less con trolled) fiscal policy, the Federal Government runs deficits of about $200 billion for the remainder of the decade, with only modest tapering after 1990 to about $160 billion by 1995. In addition, the monetary authorities are assumed to be generally more restrictive in order to hold down inflation. Both M l and M2 grow at about 0.6-percent-lower rates than in the moderate-growth projections. As a result, both shortand long-term interest rates are pushed higher, remaining in the double-digit range over the entire forecast period. The high interest rates and severe competition for funds in the credit markets limits the growth of demand, especially for durable items. Real g n p is $40 billion lower in 1995 than in the moderate-growth case. Personal consumption expenditures are lower by $63 billion and gross private investment is off by $52 billion from the 1995 moderategrowth levels. In a situation analogous to that in the highgrowth case, the slower growth in income lowers imports by $55 billion, thus masking, to some extent, the full impact on the domestic economy. Reduced income growth only exacerbates the Federal deficit situation, despite assumed personal tax hikes during the mid- and late-1980’s. Damp ened capital goods spending leads to lower productivity and job growth over the entire period. Different assumptions in the low-growth case cause minor variations in the level of g n p , but large internal shifts, as compared to the base case. Tight monetary policy leads to higher interest rates with the expected retarding effect on consumers’ and producers’ durable goods and on construc tion— sectors that purchase heavily from manufacturing. However, because imports are assumed to grow at a much slower rate, and defense spending at a faster rate, than g n p , the adverse impact of low demand on manufacturing is alleviated. And lower consumer expenditures and invest ment do cause trade to represent a larger share of g n p . □ 1As part of a continuing program to assess the validity of b l s projections, a future article will evaluate the projections of the U.S. economy for 1980. For previous articles see Howard N Fullerton, Jr., “ The 1995 labor force: a first look,” Monthly Labor Review, December 1980, pp. 11-21; Norman C. Saunders, “ The U.S. economy through 1990— an update,” Monthly Labor Review , August 1981, pp. 18-27; Valerie A. Personick, “ The out look for industry output and employment through 1990,” Monthly Labor Review , August 1981, pp. 28-41; Max L. Carey, “ Occupational em ployment growth through 1990,” Monthly Labor Review, August 1981, pp. 42 -5 5 ; and Howard N Fullerton, Jr., “ How accurate were the 1980 labor force projections?,” Monthly Labor Review. July 1982, pp. 15-21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2Projections of the Population of the United States: ¡952 to 2050, Current Population Reports, Series P-25, No. 922 (U.S. Bureau of the Census, 1982). 3Tables detailing the major assumptions underlying the aggregate pro jections will be included with reprints of this article. 4Trade-weighted average value of the dollar vis-à-vis the currencies of major U.S. trading partners. 23 The job outlook through 1995: industry output and employment projections Recovery is expected in construction and durable goods, but services will continue to lead jo b growth; several heavy industries will not reach past peaks because changing markets and technologies will dampen expansion V a l e r ie A . P e r s o n ic k The Bureau of Labor Statistics’ latest projections of industry output and employment indicate that contrary to several popular reports the decade of the 1990's will not see the demise of America’s smokestack industries. A sizable por tion of the recent factory job loss can be attributed to the 1980—82 recessionary period, and as the economy recovers, heavy manufacturing industries should increase employ ment. Job gains in manufacturing will account for almost 1 of 6 new jobs between 1982 and 1995. (See table 1.) Manufacturing, which represented 25 percent of all jobs in 1959 but less than 19 percent in 1982, is projected to main tain this steady share throughout the 1982-95 period. (See table 2.) Because manufacturing job gains primarily reflect a re bound from the low recession levels, much of the growth occurs in the early part of the projection span. About 3 million jobs are projected to be added to factory employment by 1990, but only about 1.3 million between 1990 and 1995. Furthermore, despite the recovery, employment in several key manufacturing industries (for example, autos and steel), are not expected to reach previous peaks, at least not by 1995. A turnaround in demand is projected to boost pro- Valerie A. Personick is an economist in the Office of Economic Growth and Employment Projections. Karen J. Horowitz, an economist in the same Office, contributed the section on technology and changing demand. 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis duction in these sectors, but productivity improvements and technological change will limit job expansion. Despite manufacturing’s gains, most new job growth is projected to take place in service-producing industries, as it has in the past. Service-producing industries— broadly defined as transportation, communications, public utilities, trade, finance, insurance, real estate, other services, and government— are projected to account for almost 75 percent of all new jobs between 1982 and 1995. Within the service-producing sector, the miscellaneous or other service component is projected to continue to grow the fastest. Industries such as medical care, business ser vices, professional services, hotels, personal services, and nonprofit organizations are projected to account for more than 1 of 3 new jobs over the projection span, compared with 1 of 6 for manufacturing industries. In addition, the miscellaneous service sector is expected to have smoother job growth than manufacturing. Because miscellaneous ser vice industries were less impacted by the cyclical downturn, they will not be as dramatically affected by the anticipated economic upswing, leading to smoother employment growth. These findings are from the Bureau’s most recent eco nomic and employment projections for the years through 1995. This study of industry output and employment is one in a series of four; the others describe projections of the labor force, gross national product and the distribution of final demand, and employment by occupation.1 Underlying assumptions and trends Table 1. P rojected job grow th, 1 9 8 2 -9 5 (In thousands] Because of the unlimited range of actual outcomes in the future, three alternative projections to 1995 were prepared with an eye to suggesting a range of possibilities. These three scenarios, characterized as low growth, moderate growth, and high growth, assume various patterns of eco nomic change. Because they are based on a few specific assumptions about macroeconomic variables, they do not represent the actual bounds to output and employment in 1995. Rather, they show what might happen under alter native responses of the economy to changes in fiscal and monetary policies.2 Unless otherwise noted, this article discusses the mod erate growth projection. This case is marked by a period of recovery from the 1982 recession, followed by stable eco nomic growth through the mid-1990’s. The civilian un employment rate, which was 9.7 percent in 1982, is projected to fall to 6.3 percent by 1990, and then dip slightly to 6.0 percent by 1995. Total employment is expected to rise from 102.3 million in 1982 to 127.6 million by 1995, a gain of more than 25 million new jobs. Growth is projected to be faster in the earlier years, as industries rebound from the recent economic downturn. Employment, which expanded by 3.6 percent a year between 1975 and 1979, showed very few gains during the business slump of 1980 or the brief recovery period thereafter. The more severe recession of 1981-82 brought an additional 1.3-percent decline in total jobs. Employment is projected to rebound, averaging growth of 1.8 percent a year from 1982 to 1990, then slow to 1.5 percent annually through 1995. The slowdown in employment reflects not only the di minishing of the initial surge caused by recovery but, even more significantly, a continuing slowdown in the rate of growth of the labor force.3 Following the rapid expansion of the 1970’s, labor force growth has begun to taper as the last members of the baby-boom generation reach working age. The slowdown is projected to continue through the 1980’s and 1990’s, as the decrease in births between 1960 and 1975 will cause an absolute decline in the number of potential new workers ages 16 to 24. The labor force, which grew 2.3 percent a year between 1970 and 1982, is projected to grow 1.6 percent a year to 1990, and 1.0 percent a year thereafter. Workweek. Somewhat offsetting the effects of slower labor force growth on job creation is the projection of the work week. Average weekly hours are projected to continue their long-term downward trend. In the short run, average weekly hours, especially in manufacturing, are used to respond to the pressures of the business cycle. At the beginning of an economic downturn, employers cut back on overtime hours before laying off workers, and as the economy improves, overtime hours are added and the workweek extended before new employees are hired. This recovery will be no excep https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1982-95 Industry New jobs Total new jobs................ 25,248 1982-90 1990-95 Percent of total New jobs Percent of total New jobs Percent of total 100.0 16,000 100.0 9,248 100.0 Goods-producing: Farm................ Mining............ Construction. . . . Manufacturing. . . Durable........ Nondurable. . . 6,548 -265 122 2,434 4,257 3,170 1,087 25.9 -1.0 .5 9.6 16.9 12.6 4.3 4,350 -163 39 1,472 3,002 2,224 778 27.2 -1.0 .2 9.2 18.8 13.9 4.9 2,198 -102 83 962 1,255 946 309 23.8 -1.1 .9 10.4 13.6 10.2 3.3 Service-producing: Transportation, public utilities Trade .............. Finance, insurance, and real estate. . . . Services.......... Private households. . . Government. . . . 18,700 74.1 11,650 72.8 7,050 76.2 1,094 6,009 4.3 23.8 659 3,819 4.1 23.9 435 2,190 4.7 23.7 1,786 8,673 7.1 34.4 1,214 5,246 7.6 32.8 572 3.427 6.2 37.1 -289 1,427 -1.1 5.7 -235 947 -1.5 5.9 -54 480 -.6 5.2 tion. The factory workweek is projected to expand from 38.9 hours in 1982 to 39.8 hours by 1984; thereafter, the long-term decline will resume, with manufacturing hours averaging 38.8 by 1995. Hours in nonmanufacturing will drop even more rapidly, reflecting both declines in the full time workweek as well as increases in part-time employ ment. For the private nonfarm economy as a whole, average weekly hours are projected to fall from 35.1 in 1982 to 33.1 in 1995. Productivity. Output per worker hour, or productivity, is projected to return to rates of growth more characteristic of the late 1960’s and early 1970’s. Between 1968 and 1973, output per hour in the private nonfarm sector grew by 2.0 percent a year. Over the same span, employment and real gross national product also enjoyed rapid growth— 2.1 per cent for jobs and 3.5 percent for g n p . This period of ex pansion was followed by years of declining productivity. Between 1973 and 1979, productivity grew by only .9 each year, and between 1979 and 1982 the rate dropped further, to .4 percent. This decline is expected to be reversed, how ever, as new capital investment, strong demand growth, and more efficient utilization of the slowly growing labor force all contribute to a resurgence in productivity. Output per hour is expected to climb to a 1.6-percent annual growth rate during the 1982-90 period, and then grow at a 1.3percent annual pace between 1990 and 1995. For manufacturing alone, productivity gains are projected to be just as dramatic. A 2.2-percent annual rise is projected between 1982 and 1995, compared with 1.5 percent over the 1973-79 period and .7 percent during 1979-82. It should be noted that rising productivity does not nec essarily mean layoffs— as noted, 4.3 million new factory jobs will be added between 1982 and 1995. Productivity advances can be accompanied by employment growth, as the general level of production expands, g n p is projected 25 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 Table 2. A ctual and projected em ploym ent by m ajor sectors, 1 9 5 9 -9 5 Employment (in thousands) Sector 1959 1969 1979 1982 Total......................................... Farm ..................................... Nonfarm................................. 67,705 5,491 62,214 82,401 3,495 78,906 102,211 2,861 99,350 Government......................... Federal ........................... State and local ................ Private ............................... Mining............................. Construction.................... Manufacturing.................. Durable ...................... Nondurable .................. Transportation and public utilities......................... Trade ............................. Finance, insurance, and real estate ........................... Services........................... Private households............ 8,083 2,233 5,850 54,131 612 3,825 16,985 9,560 7,425 12,195 2,758 9,437 66,711 501 4,386 20,469 12,081 8,388 4,304 13,245 2,923 9,663 2,574 1990 1995 Low Moderate High Low Moderate High 102,315 2,815 99,500 116,943 2,630 114,313 118,315 2,652 115,663 119,399 2,672 116,727 125,251 2,500 122,751 127,563 2,550 125,013 130,299 2,595 127,704 15,947 2,773 13,174 83,403 704 5,903 21,406 12,989 8,417 15,803 2,739 13,064 83,697 742 5,491 19,234 11,326 7,908 16,830 3,202 13,628 97,483 775 7,020 21,686 13,218 8,468 16,750 2,989 13,761 98,913 781 6,963 22,236 13,550 8,686 17,060 3,096 13,964 99,667 760 7,052 22,635 13,871 8,764 17,180 3,163 14,017 105,571 842 7,798 22,963 14,266 8,696 17,230 2,960 14,270 107,783 864 7,925 23,491 14,496 8,995 17,760 3,139 14,621 109,944 844 8,004 24,132 14,965 9,167 4,718 16,704 5,534 22,352 5,543 22,536 6,152 25,885 6,202 26,355 6,287 26,649 6,488 27,764 6,637 28,545 6,746 28,859 3,864 13,747 2,322 5,523 20,258 1,723 • 5,899 22,617 1,635 7,021 27,501 1,443 7,113 27,863 1,400 6,667 28,225 1,392 7,607 30,814 1,295 7,685 31,290 1,346 7,788 32,203 1,368 Percent distribution 1959 1969 1979 1982 Total......................................... Farm ..................................... Nonfarm................................. 100.0 8.1 91.9 100.0 4.2 95.8 100.0 2.8 97.2 Government......................... Federal ........................... State and local ................ Private ............................... Mining............................. Construction..................... Manufacturing.................. Durable ....................... Nondurable .................. Transportation and public utilities......................... Trade ............................. Finance, insurance, and real estate ........................... Services........................... Private households............ 11.9 3.3 8.6 80.0 .9 5.6 25.1 14.1 11.0 14.8 3.3 11.5 81.0 .6 5.3 24.8 14.7 10.2 6.4 19.6 4.3 14.3 3.8 1990 1995 Low Moderate High Low Moderate High 100.0 2.8 97.2 100.0 2.2 97.8 100.0 2.2 97.8 100.0 2.2 97.8 100.0 2.0 98.0 100.0 2.0 98.0 100.0 2.0 98.0 15.6 2.7 12.9 81.6 .7 5.8 20.9 12.7 8.2 15.4 2.7 12.8 81.8 .7 5.4 18.8 11.1 7.7 14.4 2.7 11.7 83.4 .7 6.0 18.5 11.3 7.2 14.2 2.5 11.6 83.6 .7 5.9 18.8 11.5 7.3 14.3 2.6 11.7 83.5 .6 5.9 19.0 11.6 7.3 13.7 2.5 11.2 84.3 .7 6.2 18.3 11.4 6.9 13.5 2.3 11.2 84.5 .7 6.2 18.4 11.4 7.1 13.6 2.4 11.2 84.4 .6 6.1 18.5 11.5 7.0 5.7 20.3 5.4 21.9 5.4 22.0 5.3 22.1 5.2 22.3 5.3 22.3 5.2 22.2 5.2 22.4 5.2 22.1 4.7 16.7 2.8 5.4 19.8 1.7 5.8 22.1 1.6 6.0 23.5 1.2 6.0 23.5 1.2 5.6 23.6 1.2 6.1 24.6 1.0 6.0 24.5 1.1 6.0 24.7 1.0 Average annual rate of change 1982-90 1959-69 1969-79 Total ......................................... Farm ..................................... Nonfarm ................................. 2.0 -4.4 2.4 2.2 -2.0 2.3 .0 -.5 .1 1.7 -.8 1.7 1.8 -.7 1.9 Government ......................... Federal............................. State and local.................. Private ............................... Mining............................. Construction .................... Manufacturing .................. Durable......................... Nondurable .................. Transportation and public utilities ......................... Trade............................... Finance, insurance, and real estate ........................... Services........................... Private households............ 4.2 2.1 4.9 2.1 -2.0 1.4 1.9 2.4 1.2 2.7 .1 3.4 2.3 3.5 3.0 .4 .7 .0 -.3 -.4 -.3 .1 1.8 -2.4 -3.5 -4.5 -2.1 .8 2.0 .5 1.9 .6 3.1 1.5 1.9 .9 .9 2.3 1.6 3.0 .1 .3 2.8 3.6 -1.0 3.6 4.0 -2.9 2.2 3.7 -1.7 1979-82 Low Moderate 1990-95 High 1982-95 Low Moderate High Low 1.9 -.6 2.0 1.4 -1.0 1.4 1.5 -.8 1.6 1.8 -.6 1.8 1.6 -.9 1.6 1.7 -.8 1.8 1.9 -.6 1.9 .7 1.1 .7 2.1 .7 3.0 1.8 2.3 1.2 1.0 1.5 .8 2.2 .3 3.2 2.1 2.6 1.3 .4 -.2 .6 1.6 1.7 2.1 1.2 1.5 .5 .6 -.2 .7 1.7 2.0 2.6 1.1 1.4 .7 .8 .3 .9 2.0 2.1 2.6 1.3 1.5 .9 .6 1.1 .5 1.8 1.0 2.7 1.4 1.8 .7 .7 .6 .7 2.0 1.2 2.9 1.5 1.9 1.0 .9 1.1 .9 2.1 1.0 2.9 1.8 2.2 11 1.3 1.7 1.4 • 2.0 1.6 2.1 1.1 1.4 1.4 1.6 1.4 1.6 1.2 1.6 1.4 1.8 1.5 1.9 2.2 2.5 -1.6 2.4 2.6 -1.9 1.5 2.8 -2.0 1.6 2.3 -2.1 1.6 2.3 -.8 3.2 2.7 -.3 2.0 2.4 -1.8 2.1 2.5 -1.5 2.2 28 -1.4 Moderate High N ote: Data include wage and salary w orkers, the self-employed, and unpaid fam ily workers. to grow 2.9 percent a year between 1982 and 1995, com pared with 3.1 percent during the 1969-79 period, and .1 percent during the 1979-82 period. However, it is expected that new labor-saving technologies will cause shifts to occur among industries, with many of the old-line factory jobs giving way to new industries and occupations. 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Technology and changing demand. Labor-saving technol ogies are not the only cause of employment shifts among industries. Another determinant obviously is the demand for an industry’s products. It is useful to separate aggregate demand into two categories— final demand and intermediate demand. Final demand includes consumer expenditures, government purchases, investment in capital equipment and structures, exports, and imports. Intermediate demand refers to purchases necessary in the production process; for ex ample, final demand by consumers for cars leads to inter mediate demand by auto producers for steel, glass, plastic, and so forth. Intermediate demand changes over time for several rea sons. New technology is but one. Other reasons include substitutions necessitated by the changing relative prices of inputs, or scarcity of inputs, or changes in the relative dis tribution of goods which the industry produces. Many times, a large increase or decline in demand for one product of an industry can have an impact on the sup plying industries, even when the technology is not changing. When this demand change is coupled with a change in the production process, the impact can be even larger. The energy crisis of the 1970’s has led to some of these changes. As gasoline became more expensive, and the Con gress mandated better fuel efficiency in domestic cars, the inputs to the production of autos changed. Cars became smaller, taking less steel (and lighter weight steel). Spare tires were replaced with smaller tires, and electronic ignition systems and “ computers” were added to make cars more fuel efficient. Also, businesses were forced to be more en ergy efficient. Over time, they reduced their demand for electricity, gas, and oil by replacing older machines with more efficient models, renovating heating systems, and in creasing building insulation. Some changes occurred because of new technologies, and because these technologies were becoming more affordable. Advances in electronic components and computer chips made small business computers more prevalent and personal com puters and video games quite common in private homes. Although this is reflected mainly as a final demand change, these same electronic components led to “ smarter” ma chinery, which can do more. This trend will f e d e r a te in the 1980’s— most types of machinery are projected to in clude electronic components in the future. Changing intermediate demand also affects the projection of miscellaneous business services. Many firms contract out for the services of this industry— computer software and services, mailing and reproduction services, building ser vices, and personnel, management, and public relations ser vices. As the demand for computers grows, obviously the demand for software will also grow. Businesses are finding that it is more efficient to get specialized services from professionals, instead of trying to do everything in-house. Another growing component in business overhead is tele phone communications. Firms have become increasingly dependent on telephone communication as business travel became more expensive and establishments more geograph ically spread out. As the capability of computers to “ talk” to one another expands, this should become even more important. We have only begun to see the advances which are possible in this industry. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Most machinery is becoming smaller and being built with less steel. This change is reflected in the inputs to most industries, but causes a secondary impact on the demand for iron ore and coal. Other changes in intermediate demand are not expected to be as large as those just described. The age structure of the population and health concerns are likely to cause some changes in the kinds of foods consumed and how they are packaged— less sugar and salt, more microwave and frozen foods. Food and beverages will be packaged more in plastic and paper products, less in metal cans. Plastics are likely to become even more commonplace and used in a multitude of new ways, as their cost comes down and durability im proves. The radial tire and lower annual car mileage should slow down the domestic tire industry. As consumers keep their cars longer, maintenance and repair of vehicles will increase. A continuation in the substitution of synthetic fibers for natural fibers (cotton and wool) in clothing and textile prod ucts is projected, although this trend is expected to slow. Also projected is a change in how the advertising dollar is spent in the future. There will be a drop in the proportion spent on newspaper advertising, and an increase in that spent on radio and on commercial and cable television. This goes along with the closing of many afternoon newspapers, as the trend to watching news on television increases. Output and employment: selected industries Many industries are projected to show very rapid output and employment growth over the next several years but, for a lot of them, growth mainly represents a catchup following the severe 1980-82 recessionary period. (See table 3.) A list of the top 10 growth industries for the 1982-95 period illustrates how the recession and its subsequent recovery can impact the long-range growth outlook. (See table 4.) Several industries are on the list solely because their 1982 level of output or employment was so drastically reduced, and not because they are expected to be the high-growth industries of the 1980’s. Examples are iron and ferroalloy ores mining (1982 output was half the 1981 level and em ployment less than two-thirds), and new construction. In addition, other industries not on the fastest-growing list may have faster growth rates projected for the years from 1982 to 1990 as they recover from recession, but their overall 1982-95 rate is projected to be lower than those industries on the list. Examples are chemical and fertilizer mining, fabricated metal stampings, engines and turbines, material handling equipment, household appliances, and miscella neous transportation equipment. New construction, along with the motor vehicle industry, actually led the recent downturn, as high inflation and in terest rates constricted'purchases of new homes and new cars. As the recession spread to supplier industries and to other areas of the economy, high unemployment and re sulting concern over job security added to consumers’ re27 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 Table 3. G ross product by m ajor sector, actual and projected, 1 9 5 9 -9 5 Billions of 1972 dollars Sector 1959 1969 1979 1982 Total private ............................................... $629.5 27.8 Farm ...................................................... 601.7 Nonfarm ................................................. $951.9 29.5 922.4 $1,326.4 34.2 1,292.2 13.3 45.5 171.2 100.9 70.3 55.4 29.9 11.5 14.0 115.4 42.0 73.4 98.5 76.9 11.8 6.7 7.0 18.2 55.8 277.2 170.3 106.8 92.6 43.4 23.8 25.3 173.6 70.6 103.0 152.9 121.4 16.8 5.8 8.1 20.8 58.2 367.0 223.4 143.6 140.0 56.3 49.0 34.7 250.7 106.5 144.2 229.4 184.1 21.2 3.6 17.2 Mining................................................. Construction......................................... Manufacturing....................................... Durable ........................................... Nondurable....................................... Transportation and public utilities ............ Transportation................................... Communications ............................... Public utilities ................................... Trade . ............................................. Wholesale......................................... Retail............................................... Finance, insurance, and real estate .......... Services................................................ Government enterprises ......................... Private households................................. Rest of world and statistical discrepancy . . 1990 1995 Low Moderate High Low Moderate High $1,329.4 39.0 1,290.4 $1,690.0 40.6 1,649.4 $1,753.8 41.6 1,712.2 $1,838.4 41.9 1,796.5 $1,976.8 41.8 1,935.0 $2,001.3 43.1 1,958.2 $2,113.3 43.4 2,069.9 21.6 47.7 336.1 197.4 138.7 138.9 46.8 57.2 34.9 248.0 106.3 141.7 251.0 205.6 21.6 3.1 16.8 24.3 56.3 448.4 280.7 167.7 192.8 60.7 91.2 40.9 297.8 126.5 171.3 325.4 260.4 23.2 2.8 18.0 25,1 64.3 470.4 296.1 174.3 203.3 63.6 97.5 42.2 314.9 132.6 182.3 340.9 270.7 24.0 2.9 -4.3 25.3 73.2 490.7 312.3 178.4 213.0 66.0 103.5 43.5 332.4 140.0 192.4 351.5 283.5 24.9 3.0 -1.0 26.4 63.1 535.5 344.8 190.7 234.3 71.4 117.5 45.4 336.2 142.4 193.8 384.6 303.3 24.5 2.6 24.5 27.0 73.8 548.7 353.4 195.3 239.7 73.0 120.3 46.4 353.1 147.8 205.3 391.4 307.8 25.3 2.8 -11.4 27.3 86.5 572.6 372.7 199.9 251.9 76.1 127.8 48.0 376.3 157.6 218.7 405.5 323.9 26.6 3.0 -3.7 Average annual rate of change 1959-69 1969-79 1979-82 1982-90 Low 1990-95 Moderate High Low Moderate Total private ................................................ Farm ...................................................... Nonfarm .................................................. 4.2 .6 4.4 3.4 1.5 3.4 0.1 4.5 -.0 3.0 .5 3.1 3.5 .8 3.6 4.1 .9 4.2 3.2 .6 3.2 2.7 .7 2.7 Mining.................................................. Construction......................................... Manufacturing....................................... Durable ........................................... Nondurable....................................... Transportation and public utilities ............ Transportation................................... Communications ............................... Public utilities ................................... Trade .................................................. Wholesale......................................... Retail............................................... Finance, insurance, and real estate .......... Services............................................... Government enterprises ......................... Private households................................. Rest of world and statistical discrepancy . . 3.2 2.1 4.9 5.4 4.3 5.3 3.8 7.5 6.1 4.2 5.3 3.4 4.5 4.7 3.6 -1.4 1.5 1.3 .4 2.8 2.8 3.0 4.2 2.6 7.5 3.2 3.7 4.2 3.4 4.1 4.3 2.4 -4.7 7.8 1.3 -6.4 -2.9 -4.0 -1.2 -.3 -6.0 5.3 .2 -.4 -.1 -.6 3.0 3.8 .6 -4.9 -.8 1.5 2.1 3.7 4.5 2.4 4.2 3.3 6.0 2.0 2.3 2.2 2.4 3.3 3.0 .9 -1.1 .9 1.9 3.8 4.3 5.2 2.9 4.9 3.9 6.9 2.4 3.0 2.8 3.2 3.9 3.5 1.3 -.9 (1) 2.0 5.5 4.8 5.9 3.2 5.5 4.4 7.7 2.8 3.7 3.5 3.9 4.3 4.1 1.8 -.3 <1) 1.7 2.3 3.6 4.2 2.6 4.0 3.3 5.2 2.1 2.5 2.4 2.5 3.4 3.1 1.1 -1.4 6.4 1.5 2.8 3.1 3.6 2.3 3.3 2.8 4.3 1.9 2.3 2.2 2.4 2.8 2.6 1.1 -.8 -21.3 1982-95 High Low Moderate High 3.1 .6 3.2 3.2 .7 3.3 3.6 .8 3.7 1.5 1.6 3.4 2.2 3.1 3.6 3.6 4.4 2.3 2.5 3.4 4.1 2.9 3.3 4.3 5.7 2.0 2.0 2.5 2.4 2.4 2.3 2.6 2.4 2.9 3.3 2.7 3.0 1.3 1.0 -.3 -1.2 -29.9 2.9 1.8 3.4 3.8 4.6 2.7 4.3 3.5 5.9 2.2 2.8 2.5 2.9 3.5 3.2 1.2 -.9 (’) 1.9 4.7 4.2 5.0 2.8 4.7 3.8 6.4 2.5 3.3 3.1 3.4 3.7 3.6 1.6 -.3 (') 2.8 .7 2.9 ’ Not computable. Historical data are from the U S. Department of Commerce, Bureau of Economic Analysis. Source: luctance to make major spending commitments. Investment in residential construction and motor vehicle production each dropped by almost a third between 1979 and 1982. Employment is projected to fare better in 1983 and suc ceeding years. As unemployment falls and the economy recovers, many durable goods industries will at first rebound strongly and then eventually resume long-term growth pat terns. Some sectors, however, will not be able to recover to long-term growth paths, as changing markets and tech nologies crimp expansion. (See table 5 for employment by industry.) Recovery in construction. Housing starts plunged from 2 million units in 1978 to fewer than l . l million in 1982, the result of high interest rates which drove many families out of the market for a new home. Pent-up demand will spur new home sales as interest rates fall, but by the late 1980’s, a slowdown in the rate of new household formation will dampen these demand pressures. New housing starts are projected to climb steadily to 2.2 million by 1988, but then 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis taper to 1.9 million by 1995. While new housing construction was in a severe slump, maintenance and repair construction was buoyant. As one might expect, the inability to purchase a new house led many consumers to renovate their present dwellings. In addition, high oil prices and energy tax credits resulted in substantial investments in energy conservation measures. The output of maintenance and repair construction (almost two-thirds of which is for residences) rose 4.6 percent a year from 1979 to 1981, more than three times as fast as its long-term expansion rate of 1.5 percent. Employment dropped in 1982 as the industry succumbed to the general economic recession. A turnaround is projected, with the output of maintenance and repair construction projected to grow 2.2 percent a year through 1995. Unlike new residential construction, nonresidential con struction suffered a setback in the mid-1970’s, and has al ready begun the recovery anticipated for homebuilding. A 2.1-percent growth rate is projected for nonresidential con struction between 1982 and 1995. Growth of industrial structures such as plants and utilities will exceed 5 percent a year, while commercial buildings and other structures will grow much more slowly. Total employment in new and repair construction peaked at 5.9 million in 1979, but fell to 5.5 million in 1982. The job picture will brighten as the industry recovers, with em ployment projected to.reach 7.9 million by 1995. Growth will be faster between 1982 and 1990, rising 3.0 percent a year, then taper to a 2.6-percent annual rate between 1990 and 1995. at 3.6 million units, or 30 percent of all new car sales after 1989, as more foreign automakers open plants in the United States. Flat demand after the recovery period, foreign competi tion, and new automated methods of production do not bode well for employment in the auto industry. Only 127,000 of the 284,000 jobs lost between 1979 and 1982 are projected to be recovered by 1990. After 1990, employment increases will be moderate through 1995. The projected 1995 level of 860,000 jobs for the motor vehicle industry falls short of the 1 million peak recorded in 1978. Construction-related industries. Output and employment trends in many construction-related industries mirror the patterns just described. Logging, sawmills, planing mills, and other wood product industries, which are heavily de pendent on residential construction, suffered sizable output and employment losses between 1979 and 1982. These in dustries as a group took a 20-percent job cutback over that period. As residential construction improves, jobs in wood products industries should reappear. Employment is pro jected to grow 2.0 percent a year from 1982 to 1990 and .6 percent a year during the 1990-95 period. Almost all the growth is projected to be in millwork and plywood shops. Employment in logging, sawmills, and planing mills, which had been declining slightly even before the recession, will hold about level. Most other construction-related industries will also show recovery from 1982’s depressed levels. Included in this group are stone and clay products, fabricated structural metal, electric lighting and wiring, household appliances, furni ture, and mobile homes. Most of the rebound occurs by 1988 or 1989, after which growth tapers off. High-tech industries, b l s has developed three definitions of high technology industries based on the utilization of work ers in technology-oriented occupations and on expenditures for research and development.4 In addition, some judgments were made to include or exclude industries based on the major product or activity of the industry. Whichever defi nition is used, employment in high technology industries is projected to increase faster than total employment between 1982 and 1995; however, the contribution of high-tech in dustries to total job growth will be relatively small. Under the broadest of the three definitions, high-tech industries account for 17 percent of all new jobs between 1982 and 1995; under the second definition, they account for 8 per cent; while under the narrowest definition, they represent slightly more than 3 percent. These ratios are about in line with the industries’ share of new jobs over the previous decade. Projected employment growth rates vary widely among high-technology industries. Computer and data processing services and research and development laboratories, the only nonmanufacturing industries in the group, will show some Motor vehicles. Like home construction, the motor vehicle industry was hit especially hard by high inflation and interest rates. The value of domestic production was cut by onefourth in 1980, followed by an additional 10-percent drop in 1982. Workers in the industry suffered massive layoffs— 284,000 jobs were lost over the 3-year span, with employ ment falling to a level of 707,000 by 1982 from 991,000 in 1979. Consumers are projected to increase demand for motor vehicles as interest rates fall. New car sales are expected to climb to more than 12 million vehicles per year by 1988, compared with just 8 million in 1982. After the catchup from 1982’s depressed sales levels, however, new car sales are projected to plateau because of long-term demographic shifts which have already begun. The large numbers of new car buyers who flooded show rooms in the 1970’s to purchase their first cars are now in older age groups. This surge of first-time buyers will not be seen again, at least not for several decades. Imported autos held steady throughout the recession at 2.3 million units, as the drop in purchases occurred solely among domestic models. Imports are projected to stabilize https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 4. Projected em ploym ent changes for selected industries, 1 9 8 2 -9 5 Industry Average innual rate of change 1982-95 1982-90 1990-95 4.3 3.9 3.9 3.8 3.8 3.8 3.5 3.4 3.2 3.1 3.2 4.1 5.7 4.0 4.2 3.6 4.1 3.2 3.6 3.3 6.1 3.6 1.1 3.4 3.0 4.0 2.4 3.7 2.7 2.8 -3.3 -2.3 -2.3 -2.2 -2.1 -2.0 -1.6 -1.5 -1.5 -1.3 -2.3 -2.1 -2.3 -2.4 -1.2 -1.0 -1.8 -1.5 -1.9 -1.4 -4.9 -2.6 -2.2 -1.9 -3.4 -3.7 Fastest growing: Medical and dental instruments....................... Business services......................................... Iron and ferroalloy ores mining ....................... Computers and peripheral equipment .............. Radio and television broadcasting ................... Other medical services................................... Plastic products........................................... Scientific and controlling instruments .............. Electronic components................................... New construction ......................................... Most rapidly declining: Leather tanning and industrial leather .............. Dairy products (processed)............................. Wooden containers....................................... Leather products, including footwear .............. Tobacco manufacturers ................................. Bakery products........................................... Railroad transportation................................... Cotton ........................................................ Private households ....................................... Dairy and poultry products (farm) .................. -1 .2 -1.5 -.8 -1.3 Note: Data include wage and salary workers, the self-employed, and unpaid family workers. 29 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 T able 5. A ctual and projected em ploym ent by Industry, 1 9 5 9 -9 5 [In thousands] Actual Industry Projected 1990 1959 1969 1979 1982 Agriculture: Dairy and poultry products.......................... Meat animals and livestock ......................... Cotton ..................................................... Food and feed grains ................................. Other agricultural products........................... 1,551 979 565 960 1,436 813 756 172 635 1,119 463 544 60 602 1,192 429 524 61 603 1,198 378 474 55 585 1,138 Mining: Iron and ferroalloy ores mining.................... Copper ore mining ..................................... Nonferrous metal ores mining, except copper . Coal mining ............................................. Crude petroleum and natural gas (except drilling) Stone and clay mining and quarrying ............ Chemical and fertilizer mineral mining .......... 33 23 31 201 200 105 19 30 34 25 138 157 99 18 31 33 38 261 212 104 25 16 25 34 242 311 90 24 Construction: New construction (including oil well drilling) . . Maintenance and repair construction ............ 3,163 662 3,594 792 4,679 1,224 Manufacturing: Durable goods: Ordnance ................................................... Complete guided missiles and space vehicles . . Logging ..................................................... Sawmills and planing mills............................. Other millwork, plywood, and wood products . . Wooden containers....................................... Household furniture ..................................... Furniture and fixtures, except household.......... Glass.......................................................... Cement and concrete products ...................... 50 94 143 305 261 43 259 124 153 209 175 107 138 230 310 36 316 153 188 228 Structural clay products................................. Pottery and related products........................... Other stone and clay products ...................... Blast furnaces and basic steel products .......... Iron and steel foundries and forgings.............. Primary copper and copper products .............. Primary aluminum and aluminum products Primary nonferrous metals and products.......... Metal containers ......................................... Heating apparatus and plumbing fixtures.......... 78 49 125 588 269 137 111 78 75 71 Fabricated structural metal products................ Screw machine products ............................... Metal stampings ......................................... Cutlery, handtools, and general hardware ........ Other fabricated metal products...................... Engines, turbines, and generators.................. Farm machinery........................................... Construction, mining, and oilfield machinery . . . Material handling equipment........................... Metalworking machinery ............................... Low Moderate 1995 High Low 384 473 54 589 1,151 387 475 55 593 1,162 344 439 50 571 1,096 360 445 50 577 1,118 367 450 51 585 1,141 25 27 34 299 275 85 31 25 27 34 286 291 87 31 22 26 33 275 282 92 31 25 33 35 310 332 72 35 26 35 34 317 338 77 35 23 36 34 322 307 87 35 4,067 1,424 5,242 1,778 5,263 1,700 5,366 1,685 5,936 1,861 6,043 1,882 6,091 1,912 73 81 150 237 394 19 329 176 202 255 79 105 126 179 317 15 270 180 173 209 90 130 130 192 400 12 334 193 198 222 87 130 131 196 406 12 346 199 201 240 88 127 133 210 416 13 368 205 205 250 88 149 124 206 414 10 346 200 211 215 85 140 128 209 419 11 357 206 212 240 90 143 130 215 427 12 392 208 214 257 64 45 140 644 312 160 153 93 87 76 52 52 165 571 324 161 170 93 80 76 34 40 132 394 221 135 140 80 64 61 35 44 156 420 247 157 167 83 67 72 37 45 164 435 255 160 174 84 69 73 39 46 173 430 258 164 175 86 70 80 29 46 175 433 264 166 168 83 61 77 30 49 182 447 270 170 178 85 62 78 33 50 191 444 275 178 183 90 66 88 344 88 189 135 231 90 128 162 65 251 440 114 255 165 315 112 141 202 95 347 535 117 245 185 376 145 184 276 106 379 461 92 187 143 331 113 139 254 87 319 537 112 234 177 388 151 164 315 110 371 572 115 249 184 414 152 170 321 113 388 598 117 253 188 413 152 173 325 120 393 563 118 236 198 399 165 167 343 123 373 619 121 252 200 430 167 172 357 125 400 664 122 259 204 436 170 178 368 136 415 Special industry machinery............................. General industrial machinery........................... Other nonelectrical machinery.............. .......... Computers and peripheral equipment.............. Typewriters and other office equipment............ Service industry machines ............................. Electric transmission equipment .................... Electrical industrial apparatus ......................... Household appliances ................................... Electric lighting and wiring............................. 164 221 166 111 28 97 157 176 157 134 206 291 246 224 52 147 207 223 187 205 205 329 313 339 59 188 221 251 178 225 176 288 292 428 47 159 215 206 142 187 206 336 323 586 55 190 235 255 175 229 207 342 331 586 60 199 245 261 183 239 211 343 341 593 64 211 246 275 193 246 210 350 339 665 67 208 246 284 185 251 213 356 345 694 69 214 256 288 188 253 221 362 362 706 73 232 263 313 202 253 Radio and television receiving sets.................. Telephone and telegraph apparatus ................ Radio and communication equipment.............. Electronic components ................................. Other electrical machinery and equipment ........ Motor vehicles............................................. Aircraft ...................................................... Ship and boat building and repair .................. Railroad equipment....................................... Motorcycles, bicycles, and parts..................... 114 105 252 213 111 696 722 151 41 9 156 146 409 394 125 912 805 193 51 14 116 165 357 525 176 991 632 230 74 20 93 148 424 561 153 707 629 223 37 14 95 177 452 725 162 794 716 260 45 17 106 185 433 745 170 834 680 254 47 18 110 199 440 793 180 828 664 248 47 19 106 208 532 862 192 847 761 277 47 19 113 209 460 850 194 860 709 270 50 20 116 230 463 855 209 871 701 263 52 21 Other transportation equipment....................... Scientific and controlling instruments.............. Medical and dental instruments....................... Optical and ophthalmic equipment.................. Photographic equipment and supplies.............. Watches, clocks, and clock-operated devices . . . Jewelry and silverware ................................. Musical instruments and sporting goods.......... 23 166 45 85 69 30 67 116 89 195 82 75 111 35 78 149 103 215 144 81 134 28 92 145 74 226 158 77 140 18 76 130 87 294 205 83 167 22 75 134 96 292 203 86 169 22 82 140 108 292 210 89 173 23 88 144 104 345 270 88 175 23 96 143 109 349 272 92 177 21 98 146 121 359 274 98 184 22 109 150 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Moderate High Table S.C ontinued— Actual and projected em ploym ent by industry, 1 9 5 9 -9 5 [In thousands] Actual Industry 1959 1969 Projected 1979 1982 1990 Low Moderate 1995 High Low Moderate High 229 233 245 218 210 214 224 216 218 238 Nondurable goods: Meat products......................................... Dairy products......................................... Canned and frozen foods........................... Grain mill products................................... Bakery products....................................... Sugar ................................................... Confectionery products ............................. Alcoholic beverages ................................. Soft drinks and flavorings ........................ Other food products ................................. 324 326 249 139 313 38 79 107 111 144 344 260 291 137 286 36 87 97 142 151 363 189 316 147 238 31 80 86 153 160 352 171 293 135 227 29 73 87 145 152 359 137 331 143 203 30 77 83 164 171 357 144 335 145 210 30 78 86 168 171 359 156 341 145 209 31 80 85 169 168 368 119 336 140 164 27 69 76 159 177 372 127 341 144 174 28 71 80 167 182 380 131 353 147 177 30 76 83 171 182 Tobacco manufacturing ............................ Fabric, yarn, and thread mills.................... Floor covering mills ................................. Other textile mill products ......................... Hosiery and knit goods ............................. Apparel ................................................. Other fabricated textile products ................ Paper products ....................................... Paperboard............................................. Newspaper printing and publishing ............ 95 619 39 74 221 1,100 143 415 175 328 83 616 58 82 251 1,244 182 483 231 376 70 531 61 71 227 1,125 198 494 214 432 68 442 49 60 205 1,009 171 475 189 445 61 448 52 69 207 1,056 220 513 190 492 62 461 56 72 218 1,074 223 516 201 494 64 457 63 75 218 1,061 228 524 209 491 50 471 57 65 224 1,117 234 526 179 517 52 474 58 67 236 1,125 238 533 192 535 58 482 62 74 240 1,093 243 551 208 543 Periodical and book printing and publishing . . Other printing and publishing .................... Industrial inorganic and organic chemicals , . Agricultural chemicals............................... Other chemical products ........................... Plastic materials and synthetic rubber.......... Synthetic fibers ....................................... Drugs ................................................... Cleaning and toilet preparations.................. Paints and allied products ........................ 156 446 260 54 82 81 79 106 89 62 210 550 296 65 124 108 132 143 123 72 230 640 328 70 99 100 112 193 140 69 248 668 329 65 95 89 97 199 147 62 296 733 362 81 107 110 110 253 166 68 298 758 358 84 111 114 116 254 168 71 304 751 353 84 121 119 124 252 166 72 330 745 371 82 116 113 121 276 167 65 338 789 379 88 120 116 124 281 176 70 344 803 381 93 121 124 134 284 178 73 Petroleum refining and related products Tires and inner tubes ............................... Rubber products except tires and tubes Plastic products....................................... Leather tanning and industrial leather.......... Leather products including footwear............ Transportation: Railroad transportation ............................. Local transit and intercity buses ................ Truck transportation ................................. Water transportation................................. Air transportation..................................... Pipeline transportation............................... Transportation services ............................. 217 105 178 94 36 341 182 119 162 320 29 316 210 127 167 494 20 232 202 105 140 460 19 206 185 100 147 565 15 166 183 102 151 636 16 170 182 104 157 653 16 172 179 101 146 654 11 147. 182 104 150 716 12 154 183 108 159 741 14 144 930 311 1,001 239 184 24 70 651 315 1,214 234 357 18 111 559 303 1,555 222 443 20 198 433 314 1,454 206 450 22 224 353 345 1,720 197 522 22 261 373 341 1,701 210 532 24 269 429 345 1,702 327 350 1,750 561 24 295 351 361 1,774 214 568 24 302 377 385 1,793 216 573 27 302 Communications: Radio and television broadcasting .............. Communications except radio and television . 90 749 131 919 191 1,121 221 1,199 301 1,384 308 1,379 292 1,434 355 1,543 357 1,593 359 1,603 Public utilities: Electric utilities, public and private.............. Gas utilities, excluding public.................... Water and sanitary services, except public . . 430 215 61 460 220 88 608 220 94 684 230 106 686 220 140 712 218 133 714 219 135 730 205 144 740 207 147 746 211 154 Trade: Wholesale trade....................................... Eating and drinking places......................... Retail trade, except eating and drinking places 3,349 1,960 7,936 4,163 2,812 9,729 5,507 4,864 11,981 5,585 5,159 11,792 6,162 5,908 13,815 6,298 5,951 14,106 6,387 5,959 14,303 6,622 6,669 14,473 6,734 6,742 15,070 6,745 6,772 15,342 Finance, insurance, and real estate: Banking ................................................. Credit agencies and financial brokers .......... Insurance............................................... Real estate ............................................. 644 389 1,137 753 987 652 1,370 855 1,498 901 1,750 1,374 1,655 1,038 1,870 1,336 1,954 1,313 2,187 1,567 1,954 1,350 2,169 1,640 1,968 1,364 2,168 1,168 2,098 1,507 2,237 1,764 2,120 1,518 2,272 1,774 2,146 1,549 2,307 1,787 Services: Hotels and lodging places ......................... Personal and repair services...................... Barber and beauty shops........................... Miscellaneous business services ................ Advertising ............................................. Miscellaneous professional services............ Automobile repair..................................... Motion pictures ....................................... Amusements and recreation services .......... Doctors' and dentists’ services.................. Hospitals ............................................... Medical services, except hospitals.............. 868 1,157 538 814 121 746 422 228 372 605 974 303 1,065 1,232 634 1,691 134 1,046 569 248 497 806 1,776 672 1,549 1,239 632 3,178 165 1,814 839 311 769 1,351 2,614 1,431 1,693 1,305 624 3,743 186 2,147 910 310 870 1,503 3,016 1,664 1,914 1,466 652 4,951 213 2,573 965 325 1,035 1,876 3,895 2,089 1,915 1,519 660 5,172 2T8 2,640 1,029 315 1,059 1,897 3,963 2,208 1,891 1,621 685 5,331 221 2,620 1,101 316 1,082 2,036 3,889 2,279 2,004 1,547 707 6,148 228 2,916 1,113 323 1,173 1,971 4,471 2,649 2,010 1,592 733 6,183 234 3,004 1,141 326 1,193 2,005 4,477 2,034 1,734 760 6,229 238 3,099 1,186 337 1,248 2,095 4,665 2,744 Other manufactured products https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 214 528 25 250 204 2 ,6 8 8 31 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 Table 5. C on tin u ed — Actual and projected em ploym ent by industry, 1 9 5 9 -9 5 [In thousands] Actual Industry Projected 1990 1959 1969 1979 1982 Educational services (private) ................................... Nonprofit organizations ........................................... Private households................................................. Forestry and fishery products ................................... Agricultural, forestry, and fishery services.................. 839 1,331 2,574 60 285 1,229 1,764 2,322 55 329 1,721 2,073 1,723 83 489 1,882 2,095 1,635 84 585 2,447 2,387 1,443 73 640 Government enterprises: Post office ............................................................ Other federal enterprises ......................................... Local government passenger transit........................... Other state and local government enterprises.............. 574 104“ 71 225 732 661 152 155 87 130 541 351 Data include wage and salary workers, the self-employed, and unpaid family workers. 662 150 173 496 629 182 207 610 N ote: of the highest annual rates of increase, 5.2 percent and 3.9 percent respectively. Other rapid gainers are medical and dental instruments (4.2 percent), office and computing ma chines (3.7 percent), electronic components (3.2 percent), and engines and turbines (3.1 percent). On the other hand, the chemical industries as a group and petroleum refining are projected to have much lower growth rates because of oil price effects. In fact, employment in petroleum refining is projected to decline 1.6 percent a year. Computers. Demand for computers and related equipment such as data storage devices, printers, calculators, and sim ilar items is projected to continue to boom through the 1990’s. Computer process control and computer-assisted design and manufacture will be widespread. Purchases of computer equipment will represent about one-fifth of all capital expenditures by businesses, by far their largest item of durable equipment spending. Investment, export, and government demand for computers will soon be supple mented by personal consumption expenditures. Foreign competition, although projected to rise, is not expected to significantly hamper the expansion of domestic output. Im ports will continue to represent about 7 percent of total output. The value of domestic production of computers and peripheral equipment is projected to post a 6.9-percent yearly growth rate, ranking it among the top five output gainers. Employment in computer manufacturing is projected to grow 3.8 percent a year. Productivity gains have typically been very rapid in this industry, and this will continue. Electronic components. Electronic components are expected to become an even more integral part of consumer and capital goods than they are now. Domestic production will expand by 7.6 percent a year between 1982 and 1995. Im ports are projected to grow at about the same rate, keeping the import share of total output of electronic components at about 14 percent. Employment is projected to rise from 561,000 in 1982 to 850,000 by 1995, a 3.2-percent yearly gain. 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Low Moderate 1995 High Low 2,157 2,406 1,400 79 623 2,001 2,449 1,392 89 613 2,311 2,455 1,295 96 704 2,396 2,505 1,346 92 711 2,411 2,606 1,368 99 716 597 178 209 623 595 182 215 649 537 182 228 700 581 189 233 723 594 198 251 781 Moderate High Communication equipment. Demand for communication equipment such as radios, televisions, telephone apparatus, radar, laser systems, satellites, and similar items will almost double between 1982 and 1995. New telecommunications services required by businesses and consumers will be aug mented by increasing defense expenditures, at least in the earlier years. Imports are not expected to make additional inroads into the market but rather are projected to hold a smaller share of total output by 1995. Employment, on the other hand, will not rise as rapidly as output. Productivity gains have typically been rapid in the manufacture of communications equipment, and this trend will hold. Employment in radio and television set production, which had suffered because of import compe tition and slack demand for all consumer durables during the recession, is projected to rebound and grow 1.5 percent a year between 1982 and 1995. The 1995 level, however, will still fall far short of the previous peak. Jobs in telephone apparatus manufacturing are projected to grow 2.7 percent a year, while in radio and other communications equipment, productivity advances will limit job gains to .6 percent a year. Aerospace. Defense demand is also expected to boost pro duction in the aircraft and guided missiles and space vehicles industries. Most of this growth will occur by the mid- 1980’s, after which real defense expenditures are projected to mod erate sharply. Commercial aircraft manufacturers are ex pected to meet serious competition from foreign producers, both in their domestic and overseas markets. Output of the aircraft industry is projected to expand 1.8 percent a year during 1982-95, while employment grows at a .9 percent rate. Machinery. Other nonelectrical machinery (besides com puters, typewriters, and other office equipment) is projected to experience a strong rebound in demand as businesses begin to invest in new capital equipment. The sector is projected to enjoy a 4.3-percent average rate of output growth between 1982 and 1995 (4.8 percent in the early years). Growth of domestic production occurs despite substantial import gains, because projected demand is so strong. Im ports are expected to account for larger shares of most nonelectrical machinery industries than they do now, but for no industry will the share top 15 percent. Leading the gains in domestic output will be engines and turbines and construction, mining, and oilfield machinery. Output of engines and turbines grows rapidly because of expected strong export demand, while the projected rebound in construction spurs demand for construction machinery. The metalworking machinery industry, which produces in dustrial robots, is projected to expand production by 3.5 percent a year through 1995, compared with declines or marginal growth since the mid-1960’s. Employment in nonelectrical machinery industries is pro jected to recover from 1982’s cutbacks and resume long term trends. Productivity gains are expected to be more rapid than for the durable goods sector as a whole, but because output also grows faster, there are opportunities for em ployment recovery. Most nonelectrical machinery industries will record new employment peaks by 1995. employment from the 1982 level. Some food industries (dairy products, bakery products, sugar, confectionery products, and alcoholic beverages) will actually lose jobs, while others (canned and frozen foods, soft drinks, meat products, grain mill products, and other miscellaneous food items) are pro jected to post slight job gains. Clothing purchases are projected to grow 2.6 percent a year between 1982 and 1995, but the share accounted for by imports will almost double, from 11 percent in 1977 to almost 22 percent by 1995. This shift in the site of pro duction will limit employment gains in the industry. Jobs are projected to increase from 1.0 million in 1982 to only 1.1 million in 1995. Some nondurable sectors are expected to enjoy consid erable output growth, such as drugs, chemicals, synthetic fibers, and plastics. Output in each of these industries is projected to grow by more than 4 percent a year. Employ ment growth in these sectors shows a wider range because of differing projections of productivity—jobs grow by 3.5 percent a year in plastic products (the seventh fastest of all industries studied), but only by 1.4 percent in chemicals. Miscellaneous services— most new jobs Steel and other primary metals. Because of the strong growth projected for new construction, autos, nonelectrical ma chinery, and other industrial apparatus, the primary metals industries are expected to expand production over the next several years following the 1980-82 recession. However, recovery is not expected to be complete. Competition from foreign suppliers as well as continued substitution of alter native materials, such as plastics or ceramics, will limit the markets for domestic primary metals producers. In the steel industry, which once employed 726,000 work ers, output dropped by half over the late 1970’s and early 1980’s, and employment declined to 394,000 by 1982. Many steel mills were closed during the 1975-82 period. Recovery is expected, but neither production nor employment are projected to reach prerecession levels by 1995. Further, the gains in employment are projected to be less rapid than the gains in output, as it is assumed that production can only expand if new technologies such as continuous casting, the direct reduction of iron ore, and the electric arc furnace are used. Minimills which can specialize and use the latest' technologies will become more important. Employment in the steel industry is projected to reach 447,000 by 1995. Two primary metals, copper and aluminum manufactur ing, have a better outlook than iron and steel. Demand for copper will be boosted by the rebound in residential con struction, while aluminum will enjoy growth as a substitute for steel. Nondurable goods. Nondurable manufactured goods are projected to experience modest growth over the next decade and a half. Food products industries can expect a 1.9-percent annual rate of increase in output, but little change in total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The miscellaneous service sector will provide the most new job opportunities over the next decade and a half, with about twice as many new jobs as manufacturing. These jobs will be spread among various service industries, from med ical care to business and professional services to amuse ments and recreation. In sum, miscellaneous or “ other service” industries will account for more than 31 million jobs in 1995, almost one-fourth of total employment. Service industries are least affected by cyclical move ments, and the recent recession was no exception. While declines in employment were reported for almost every other sector, jobs in the other services sector expanded 3.7 percent a year throughout the 1979-82 recessionary period. Of course, job growth might have been even stronger without the eco nomic downturn, but almost 2.4 million jobs were added in these service industries during the period in which other sectors experienced layoffs. Business services. The largest industry in the “ other ser vice” category, miscellaneous business services, will have the most new jobs between 1982 and 1995. Employment is projected to grow from 3.7 million in 1982 to 6.2 million in 1995. A wide variety of services are included in this sector, such as personnel supply, business consultants (pro viding management services or public relations advice), jan itorial and protective services, and computer and data processing services. All are expected to show rapid growth. Total output for the industry is projected to grow 5.3 percent a year and employment, 3.9 percent. These rates, although among the highest of all industries studied, are still lower than the historical growth rates for the industry. Since 1958, output growth in business services has averaged 9.4 percent 33 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 a year and employment, 7.0 percent. The slowdown is pro jected to occur as the industry matures and the shift from in-house services to contracting-out by businesses reaches a saturation point. Professional services. A related industry, miscellaneous professional services, is expected to follow the same trends. More than 850,000 jobs will be added to the sector between 1982 and 1995, but the rate of growth of both output and employment is projected to be smaller than the historical rates. This industry provides legal, engineering, architec tural, accounting, and other professional services to busi nesses. Employment is projected to top 3 million in 1995. Medical care. A very significant sector in terms of both number of jobs and rate of expansion has been the health field. Jobs in doctors’ and dentists’ offices more than dou bled during the 1960’s and 1970’s, rising 4.2 percent a year to 1.5 million in 1982. Hospital employment tripled, grow ing 5.1 percent a year between 1958 and 1982 to 3 million jobs. The other medical services industry had the most rapid growth— jobs in nursing homes and personal care facilities, outpatient clinics run by health maintenance organizations or group health associations, and drug or alcohol rehabili tation centers, increased more than five times, with em ployment reaching 1.7 million in 1982. Growth in health care employment was the result of many factors, chief among them the more widespread coverage of private medical insurance and the introduction of gov ernment health benefits programs such as medicare and med icaid. The projections assume no change in current law— that government funding will be maintained at its present level, except for changes stemming from inflation. Inflation in medical care costs poses the greatest uncer tainty in the projections of medical services output and em ployment. While the overall consumer price index has tripled since 1965, the index for medical care services has quad rupled. Despite these sharply increased costs, demand is projected to be even stronger in the projection period, as the population ages and as new, expensive technologies are used in life-saving treatments. Because of higher costs and the assumption of no new government programs, it is expected that output and em ployment in medical care services will slow from historical rates. Doctors’ and dentists’ office jobs are projected to grow 2.2 percent a year over the 13 years through 1995, or an increase of 500,000. By comparison, over the previous 13year period (1969-82), 700,000 jobs were added in medical offices. Hospital employment is projected to grow 3.1 per cent a year, from 3 million in 1982 to 4.5 million in 1995. Jobs in other medical services will expand by 3.8 percent a year to almost 2.7 million in 1995. Overall, the 3 million new health care jobs projected to be added between 1982 and 1995 represent almost 12 percent of the total number of new jobs. 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Growth slows in trade, government Employment in wholesale and retail trade is projected to grow along with the rest of the economy, increasing from 22.5 million in 1982 to 28.5 million in 1995. Because total employment growth is slowing down, the rate of job growth in trade is also slower than it has been historically. Retail trade employment is projected to grow 2.0 percent a year, compared with 2.4 percent between 1958 and 1982; jobs in wholesale trade are projected to expand 1.4 percent an nually, compared with 2.5 percent in the past. The largest number of new job openings, about 1.6 mil lion, will be in eating and drinking establishments. Other retail firms posting large gains will be department stores, grocery stores, new car dealers, miscellaneous shopping goods stores (such as jewelry, books, cameras, and sporting goods), and drug and proprietary stores. Retail shops pro jected to actually lose jobs include mobile home dealers, variety stores, general merchandise stores, candy stores, dairy products stores, women’s accessory stores (such as millinery shops), children’s wear stores, and fur shops. In wholesale trade, the largest employment increases will be found in establishments selling machinery and equip ment, motor vehicles, miscellaneous nondurable goods, and electrical goods. Government. Employment in government is projected to grow more slowly than private sector jobs, as has been true since 1975, but the opposite of the expansionary 1950’s and 1960’s. The state and local sector represents most of the slowdown, as only 1.2 million new jobs will be added over the next 13 years, compared with 3.6 million during the preceding 13-year period. Although job growth is slower than in the 1960’s, it still represents a reversal from the actual declines of the late 1970’s. In addition to tight budgets during the recession, declining school enrollments caused many state and local governments to reduce hiring. Beginning in 1984, however, enrollment in public elementary and secondary schools is projected to turn up again as the children of the baby-boom generation advance through school, leading to a slight up turn in employment. Banking and transportation and utilities The output of financial and banking services is projected to show very large gains over the next decade and a half with the introduction of new consumer services such as automatic funds transfers and the more widespread use of investment counseling. The output of the banking industry and of credit agencies and financial brokers is projected to grow by 4.1 percent a year. Employment growth, on the other hand, will be very modest. Automatic teller machines and computerized bank ing and stock transactions will limit job gains to 1.9 percent a year. By comparison, employment in banking grew 4.4 percent through the 1960’s and 1970’s, as the expanding use of checking accounts created the need for large numbers of new hires for check processing. That impetus will not be repeated, however, as checking account use is now com monplace, and as automatic transfers replace manual check processing. The transportation, communications, and public utilities sector is not projected to contribute significantly to overall job growth, only adding slightly more than 1 million extra workers. However, output of this sector is projected to lead all other sectors in growth, reflecting the strong demand for new telecommunications services, as well as the divestiture of the telephone company. Output of the communications sector, which includes radio and television broadcasting in addition to telephone and telegraph communications, is pro jected to expand by 5.9 percent a year, compared with 2.9 percent for the economy as a whole. Low and high alternative projections Different industry employment levels in the low and high alternatives are primarily the result of two factors— (1) the unemployment rate and the size of the labor force are dif ferent in each case than in the moderate growth projection, leading to different levels of total employment, and (2) the distribution of final demand is markedly different, causing output and, therefore, employment at the industry level to vary significantly from the base case. (See table 6.) In the low-growth alternative, a smaller labor force and more unemployment results in 2.3 million fewer jobs. Al though total employment is only about 2 percent lower, at the industry level the difference between the base case and the low trend alternative ranges over a much broader band. For some industries, employment is almost 10 percent lower, while in others, it is actually higher than in the base case. This span results from the sharp differences in final demand and in projections of productivity. A disproportionate share of the job difference occurs in durable manufacturing industries because interest rates are higher than in the base case. Only manufacturing industries dependent on defense demand do not show this drop; defense expenditures, as well as other federal government pur chases, are actually higher in the low-growth scenario than in the base case because it is assumed that the federal gov ernment increases spending to try to stimulate the sluggish economy. Examples of defense demand boosting output and employment to higher levels than in the base projection are in ordnance, guided missiles, radio and communication equipment, electronic components, aircraft, and shipbuild ing industries. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T able 6. G ross national product, m oderate grow th path and high and low alternatives [In billions of 1972 dollars] Component Percent difference from moderate 1995 1982 Low Moderate High Low Gross national product . . . . $1,485.4 $2,148.7 $2,166.9 $2,284.6 -0.8 High 5.4 Personal consumption . . Durables ................ Nondurables ............ Services............ 970.2 1,371.1 1,412.4 139.8 223.8 240.4 364.2 449.4 468.0 466.2 697.9 704.0 Gross private investment Equipment.............. Structures .............. Residential.............. Inventory change . . . 194.5 112.7 53.4 37.8 -9.4 285.7 159.6 44.6 69.6 11.9 337.2 177.2 70.1 78.1 11.8 408.6 204.6 77.6 114.1 12.3 Net exports................. Exports................... Imports................... 28.9 147.3 118.4 148.4 267.9 119.4 85.9 260.0 174.1 23.0 72.8 -73.2 264.0 3.0 1.5 241.0 -31.4 38.4 Government. Federal ................... Defense.............. Nondefense ........ State and local ........ 291.8 116.6 78.8 37.8 175.2 343.5 157.0 113.2 43.8 186.5 Source: Analysis. 1,504.6 -2.9 279.8 -6.9 485.4 -4.0 739.4 -.9 6.5 16.4 3.7 5.0 -15.3 21.2 -9.9 15.5 -36.4 10.7 -10.9 46.1 .8 4.2 331.4 348.4 3.7 5.1 139.2 145.9 12.8 4.8 98.9 103.9 14.5 5.1 40.3 41.9 8.7 4.0 192.2 202.5 -3.0 5.4 1982 data are from the U S. Department of Commerce, Bureau of Economic In addition, lower income growth results in much lower imports, leading to instances where domestic production of import-sensitive industries is higher in the low-growth al ternative than in the base case. This occurs in forestry and fishery products, nonferrous metal ores mining, chemical and fertilizer mining, and watches and clocks. In the high-growth alternative, many of these assumptions are reversed. Total employment in 1995 is 2.7 million higher than in the moderate case, based on a larger labor force and less unemployment. Like the low-growth alternative, al though total employment varies from the base case by about 2 percent, jobs at the industry level have a much broader range, in some instances topping the base case by as much as 13 percent. Monetary policy is assumed to be less restrictive in the high-growth alternative, resulting in a higher rate of infla tion. Inflation, however, contributes to making imports more attractive, and the rise in imports more than offsets increased domestic demand in several industries. Because of imports, domestic production in the high alternative is lower than in the base case for iron mining, crude petroleum, sugar, con fectionery products, apparel, leather tanning, leather prod ucts, and steel. Employment is also correspondingly lower; however, for sugar and confectionery products, lower pro ductivity keeps employment levels higher than in the base case. Q 35 MONTHLY LABOR REVIEW November 1983 • Job Outlook Through 1995 FOOTNOTES ‘ See the following articles in this issue: Howard N Fullerton, Jr. and John H. Tschetter, “ The 1995 labor force: a second look” , pp. 3-10; Arthur J. Andreassen, Norman C. Saunders, and Betty U. Su, “ The eco nomic outlook for the 1990’s: three scenarios for economic growth” ; pp. 11-23; and George Silvestri, John M. Lukasiewicz, and Marcus E. Einstein, “ Occupational employment projections through 1995” , pp. 3 7 49. 2See Andreassen and others, “ The economic outlook for the 1990’s ” , for specific assumptions. 3See Fullerton and Tschetter, “ The 1995 labor force” . 4 See Richard Riche. Daniel Hecker, and John Burgan, “ High technol ogy today and tomorrow; a small slice of the employment p ie,” pp. 5 0 58, this issue. The decade of the 1980’s The maturing products of the baby boom continue to dominate the agestructure changes— the bulk of the bulge will have aged to between 35 and 44 years of age by 1990. Indeed, the 11-million person increase in this cohort will account for over 60 percent of the national growth increment between 1980 and 1990. This will undoubtedly place enormous stress on the Nation’s economic system to satisfy the mid-level career aspirations of this fabled generation. Ever greater pressures for entrance into the executive suite will continue, a phenomenon only partially alleviated by a decline in the 55-to-64-years-of-age group. In contrast to the expansion represented by maturing baby boomers will be the sharp contraction of the 15-to-24-years-of-age segment by approx imately 7.7 million people; the baby bust, then, will finally be impacting American society in full force. Who will inherit— and support— the in frastructure built for the baby-boom generation? Between 1980 and 1990, it is entirely possible that the college-age population will decline by over 18 percent, fostering significant adjustments for higher-education institu tions and services. At the same time, the numbers of new entrants to the labor force will shrink over the decade (ignoring labor-force-participation rates), alleviating the entry-level job pressures that characterized the 1970’s. The entry-level housing built for a larger generation may provide a re dundancy of certain forms of shelter as the decade evolves. Concurrently, with the stabilization in size of the 5-to-14-years-of-age sector— which will remain at the 35-million-person level throughout the decade of the 1980’s— the Nation’s elementary and high schools will face diminished downward demographic pressure (although spatial population shifts will exert differential effects on a geographic base). In the aggregate, the three-decade-long stress of a boom-bust cycle should be greatly alle viated. Once again, the elderly are a significant growth sector with a net increase of 4.3 million people expected— or roughly 450,000 persons a year reach ing the nominal retirement age and surviving between 1980 and 1990. And the under-5-years-of-age population will begin to grow in size. Thus, a baby-boom “ echo” will become etched into the Nation’s age structure. But this will not preserve the United States population as a whole from a decided increase in median age to above 32 years. — G eorge Sternlieb, James W. H ughes , and Connie O. Hughes , Demographic Trends and Economic Reality: Planning and Markets in the ’80s (New Brunswick, N .J., Rutgers, The State University of New Jersey, Center for Urban Policy Research, 1982), pp. 15 and 17. 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Occupational employment projections through 1995 During 1982-95, health care will continue to be an expanding field o f work, typists are apt to decline due to word processors, and high technology should spur the growth o f occupations such as engineers and computer personnel but dim the outlook fo r others, especially drafters G e o r g e T . S i l v e s t r i , Jo h n M . L u k a s i e w i c z , and M a r c u s E . E in s t e in The most recent occupational projections by the Bureau of Labor Statistics suggest that a wide range of job skills will be needed in 1995. Employment in jobs requiring a college education or specialized post-secondary technical training are expected to increase significantly between 1982 and 1995. However, many jobs that do not require post-sec ondary training are also expected to expand significantly. For example, the projected rapid increase in demand for medical services will require large numbers of nursing aides and orderlies in addition to highly trained medical practi tioners. On the other hand, employment growth in many occu pations will be affected by technological change through the mid-1990’s. For example, word processing equipment will slow the employment growth of typists, and industrial robots will reduce the growth in employment of welders, produc tion painters, and material moving occupations. However, despite widespread technological advances, employment will continue to advance in most traditional fields from 1982 to 1995. More workers will be needed to drive trucks to deliver goods, to clean a growing number of buildings, to perform health and personal services and provide police and fire The authors are economists in the Division of Occupational Outlook. Bu reau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis protection for our increasing population, and to maintain and repair a larger stock of automobiles, appliances, and factory equipment. Rapid expansion of high technology will spur the growth of scientists, engineers, technicians, and computer special ists. They will be required to design, develop, and use hightechnology products such as computers, scientific and med ical instruments, communication equipment, and robots. Employment in these occupations has generally grown faster than the economy as a whole and most are expected to continue to do so. However, even in some of these fields, technological advances will have an impact on reducing employment needs. For example, advances in computeraided design technology are expected to severely limit the employment growth of drafters. The pattern of industrial employment growth also has an important impact on expected changes in occupational struc ture, because many occupations are concentrated by indus try. Therefore, the information on occupational growth patterns presented in this article cannot be fully understood apart from the data and analyses dealing with economic and industry growth trends presented elsewhere in this issue of the Review. Indeed, the methodologies used to develop both the industry and occupational projections are very closely related.1 37 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 Table 1. C ivilian em ploym ent in occupations with 25,000 w orkers or m ore, actual 1979, 1982, and projected 1995 Total employment (in thousands) Occupation Total, all occupations................................................. Professional, technical, and related workers .............. Engineers ......................................................... Aero-astronautic engineers ............................... Chemical engineers ......................................... Civil engineers ............................................... Electrical engineers ......................................... Industrial engineers......................................... Mechanical engineers....................................... Petroleum engineers ....................................... Percent change 1995 1979 1982 Low trend Moderate trend 1979-95 High trend 101,206 101,510 124,846 127,110 129,902 15,758 16,584 21,545 21,775 22,325 1,177 1,204 1,787 1,788 1,831 44 44 65 62 62 58 56 79 80 82 156 155 226 228 236 300 320 531 528 540 171 160 226 227 232 314 216 209 318 327 16 26 31 32 30 Low trend Moderate trend 1982-95 High trend Low trend Moderate trend High trend 23 37 52 47 37 45 77 32 45 95 26 38 52 39 40 46 76 32 47 98 28 42 56 41 43 51 80 36 51 89 23 30 48 49 41 45 66 41 50 19 25 31 49 41 43 47 65 42 52 22 28 35 52 42 47 52 69 45 56 16 Life and physical scientists................................... Biological scientists......................................... Chemists........................................................ Geologists ...................................................... Mathematical specialists....................................... Engineering and science technicians....................... Civil engineering technicians ......................... . Drafters.......................................................... Electrical and electronic technicians.................... Industrial engineering technicians....................... Mechanical engineering technicians..................... Surveyors ..................................................... 247 47 87 38 48 1,227 32 307 350 33 47 55 271 52 89 49 48 1,243 35 302 366 27 48 44 343 71 107 60 63 1,649 56 309 585 36 72 61 342 70 108 60 62 1,661 58 318 589 35 72 62 348 73 111 59 63 1,705 60 327 602 37 74 64 39 50 22 60 31 34 77 1 67 9 54 11 38 48 24 60 29 35 82 3 68 7 55 13 41 53 27 57 32 39 88 7 72 11 58 17 27 38 21 24 31 33 59 2 60 31 51 40 26 36 22 24 29 34 64 5 61 29 52 43 29 41 25 21 32 37 69 8 64 33 55 47 Medical workers, except technicians ....................... Chiropractors ................................................. Dentists.......................................................... Dietitians........................................................ Nurses, registered........................................... Optometrists.................................................... Pharmacists................................................... Physicians ...................................................... Therapists ...................................................... Respiratory therapists................................... Occupational therapists ................................. Physical therapists....................................... Speech pathologists and audiologists.............. Veterinarians ................................................. 2,231 22 161 41 1,165 32 143 436 186 42 22 37 40 34 2,463 25 173 44 1,312 28 151 479 202 46 25 43 42 36 3,471 33 213 61 1,943 35 188 640 291 67 40 68 53 48 3,491 32 213 62 1,954 34 192 642 294 67 40 69 54 48 3,600 32 218 64 2,022 35 196 663 302 70 41 70 55 48 56 46 32 48 67 9 31 47 56 61 85 84 31 42 56 45 33 50 68 8 34 47 58 62 86 85 33 41 61 45 36 55 74 9 37 52 62 68 92 89 36 43 41 28 23 38 48 26 24 34 44 44 58 57 27 31 42 27 24 40 49 25 27 34 45 45 60 58 29 30 46 27 27 44 54 26 30 38 50 50 64 62 32 32 Health technologists and technicians....................... Clinical laboratory technologists and technicians . . Medical laboratory technicians ....................... Medical laboratory technologists .................... Dental hygienists............................................. Physical therapy assistants ............................... Radiologic technologists................................... Radiologic technologists and nuclear medicine technicians ............................................. X-ray technicians ......................................... Surgical technicians......................................... 574 195 60 92 58 27 97 627 209 57 103 69 33 110 891 291 70 150 97 55 156 898 292 71 150 99 55 157 932 303 73 156 104 56 164 55 49 16 63 69 103 61 57 50 18 64 72 104 63 62 55 22 70 81 109 69 42 39 22 46 40 67 42 43 40 23 46 43 68 43 49 45 28 52 50 72 49 32 65 31 36 74 35 50 106 48 50 107 49 52 111 51 60 62 58 60 64 58 66 70 65 40 43 39 39 45 40 45 51 45 Technicians, excluding health, science, and engineering Airplane pilots.................................................. Library technicians........................................... Computer specialists........................................... Programmers ................................................... Systems analysts............................................... Social scientists ................................................... Economists ...................................................... Psychologists................................................... 338 78 28 447 231 216 175 29 69 364 80 29 521 266 254 206 30 83 451 102 32 935 465 469 267 39 109 453 103 32 943 471 471 267 38 110 465 104 33 960 480 480 273 39 112 33 31 15 109 101 118 52 35 59 34 32 16 111 104 119 52 32 60 38 34 19 115 107 123 56 36 63 24 28 9 79 75 85 30 29 32 24 29 10 81 77 85 30 27 33 28 31 13 84 80 89 33 30 36 Teachers .............................................................. Adult education teachers..................................... College and university faculty............................... Dance instructors ............................................. Graduate assistants ........................................... Preschool, kindergarten, elementary schoolteachers Preschool teachers......................................... Kindergarten and elementary schoolteachers Secondary schoolteachers................................... Vocational education teachers ............................. 3,967 107 686 23 138 1,668 285 1,383 1,083 99 3,980 125 744 27 140 1,647 281 1,366 1,024 98 4,612 164 619 35 122 2,226 387 1,839 1,128 139 4,706 165 632 35 124 2,274 397 1,877 1,152 143 4,806 170 646 36 127 2,322 404 1,918 1,177 146 16 53 -10 51 -12 33 36 33 4 41 19 54 -8 52 -10 36 39 36 6 45 21 58 -6 57 -8 39 42 39 9 48 16 31 -17 31 -13 35 38 35 10 42 18 32 -15 32 -11 38 41 37 13 46 21 36 -13 36 -9 41 44 40 15 49 Selected writers, artists, and entertainers ................ Actors.............................................................. Commercial and graphic artists and designers........ Designers ........................................................ Musicians ........................................................ Painters, artistic ............................................... Photographers ............................................. Public relations specialists................................... Radio and TV announcers and newscasters............ Announcers.................................................... Reporters and correspondents ............................. Sports instructors ............................................. Writers and editors ........................... 251 (1) 119 166 134 21 86 85 48 40 49 d) 114 301 34 133 180 124 25 86 90 55 46 51 53 120 398 48 166 247 153 29 101 14 .70 58 64 63 160 406 49 167 253 155 29 102 115 70 58 66 64 162 417 52 169 258 160 29 104 118 70 58 67 66 165 58 d) 40 49 15 43 18 35 46 44 30 (D 40 62 (D 41 52 16 42 18 36 47 45 34 (1) 42 66 (D 42 55 19 42 21 39 48 46 36 (1) 45 32 40 25 38 23 17 18 27 27 25 26 20 34 35 43 26 41 25 16 18 29 28 26 29 21 35 38 51 27 44 28 16 21 32 29 27 31 25 38 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. C ontinued— C ivilian em ploym ent in occupations Percent change Total employment (in thousands) Occupation 1979 1982 Other professional and technical workers........................... Accountants and auditors ........................................... Architects ................................................................ Assessors ................................................................ Buyers, retail and wholesale trade................................. Clergy...................................................................... Cost estimators.......................................................... Counselors................................................................ Directors, religious education and activities..................... Employment interviewers ........................................... 4,389 830 75 29 251 (1) 94 140 36 59 4,636 856 84 28 256 317 92 148 43 57 5,778 1,181 116 30 321 327 131 159 44 85 5,850 1,200 118 31 331 332 134 163 45 86 Foresters and conservationists..................................... Law clerks................................................................ Lawyers .................................................................. Legal assistants ........................................................ Librarians ................................................................ Personnel and labor relations specialists ....................... Purchasing agents and buyers ..................................... Group recreation workers ........................................... 29 35 393 34 147 187 178 122 31 40 465 45 151 203 177 122 35 55 618 85 167 249 225 148 34 56 624 88 170 250 225 150 Social workers .......................................................... Caseworkers.......................................................... Community organization workers............................... Special agents, insurance ........................................... Tax examiners, collectors, and revenue agents .............. Tax preparers............................................................ Underwriters ............................................................ 328 275 53 23 48 28 73 345 292 52 31 47 32 76 409 348 61 44 54 45 90 416 353 63 44 52 46 92 Managers, officials, and proprietors..................................... Auto parts department managers..................................... Auto service department managers................................ . Construction inspectors, public administration .................. Health and regulatory inspectors ..................................... Postmasters and mail superintendents ............................. Railroad conductors ...................................................... Restaurant, cafe, and bar managers................................. Sales managers, retail trade ........................................... Assistant principals........................................................ Principals .................................................................... Store managers ............................................................ Wholesalers.................................................................. 9,152 48 60 41 103 28 35 528 271 37 81 938 241 9,532 44 54 39 101 28 27 574 271 38 82 971 247 12,008 61 76 46 111 23 17 706 352 44 93 1,218 298 Salesworkers .................................................................. Real estate agents and brokers .................. .................... Real estate brokers ................................................... Sales agents, sales representatives, real estate .............. Real estate appraisers ................................................... Sales agents and brokers, Insurance................................. Sales representatives, nontechnical . , ............................... Sales representatives, technical ....................................... Salesclerks .................................................................. Security salesworkers ................................................... Travel agents................................................................ 6,780 332 39 293 31 316 573 1,329 2,867 60 50 6,967 337 42 296 32 361 583 1,320 2,916 78 62 Clerical workers................................................................ Adjustment clerks.......................................................... Bank tellers.................................................................. New accounts tellers ................................................. Tellers...................................................................... Bookkeepers and accounting clerks ................................. Accounting clerks ...................................................... Bookkeepers, hand ................................................... Cashiers...................................................................... 18,497 38 466 51 415 1,717 722 996 1,518 Claims adjusters............................................................ Claims clerks................................................................ Claims examiners, insurance........................................... Clerical supervisors........................................................ Collectors, bill and account............................................. Court clerks............................................... .............. Credit clerks, banking and insurance................................. Customer service representatives..................................... Desk clerks, except bowling floor..................................... Dispatchers, police, fire, and ambulance........................... Dispatchers, vehicle service or work................................. Eligibility workers, welfare ............................................. File clerks.................................................................... General clerks, office..................................................... Insurance clerks, medical............................................... Library assistants .......................................................... Loan closers ................................................................ Mail carriers and postal clerks......................................... Postal mail carriers ................................................... Postal service clerks ................................................. 67 66 39 434 88 28 50 86 82 51 87 34 293 2,377 78 80 (D 539 234 306 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1979-95 1995 Low trend Moderate trend High trend Low trend Moderate trend 1982-95 High trend Low trend Moderate trend High trend 5,999 1,229 121 32 336 344 137 167 46 87 32 42 55 3 28 (D 39 13 22 44 33 44 57 4 32 (D 42 16 24 45 37 48 61 7 34 (D 46 19 28 47 25 38 38 9 26 3 41 7 3 51 26 40 40 11 30 5 45 10 5 52 29 44 ’ 43 14 31 8 48 12 9 55 36 59 638 91 174 257 232 154 20 60 57 150 13 33 26 20 15 63 59 158 15 34 26 22 21 70 62 168 18 38 30 26 14 37 33 88 11 23 27 21 9 39 34 94 . 13 23 27 23 15 45 37 102 15 27 31 27 428 364 65 45 54 49 93 25 26 15 90 13 60 24 27 28 18 92 8 65 26 30 32 22 95 13 75 28 19 19 17 43 16 38 19 21 21 20 45 10 43 21 24 24 24 48 16 52 23 12,212 63 78 46 108 24 18 711 362 45 95 1,262 302 12,467 64 80 47 113 25 20 715 365 46 97 1,285 303 31 27 27 12 8 -20 -50 34 30 18 15 30 23 33 31 31 12 5 -14 -47 35 34 21 17 35 25 36 34 34 15 10 -12 -43 35 35 23 20 37 26 26 37 39 17 9 -20 -36 23 30 15 14 26 20 28 42 44 17 7 -14 -32 24 33 18 16 30 22 31 45 47 21 11 -12 -27 25 35 20 19 32 23 8,535 449 53 396 47 447 724 1,652 3,472 106 86 8,771 450 53 396 47 452 743 1,707 3,601 107 88 8,911 453 53 400 48 458 749 1,730 3,670 109 88 26 35 37 35 53 42 26 24 21 77 74 29 36 37 35 54 43 30 28 26 78 78 31 37 38 37 56 45 31 30 28 81 78 23 33 28 34 48 24 24 25 19 36 40 26 33 28 34 49 25 27 29 23 36 43 28 34 29 35 51 27 28 31 26 39 43 19,049 36 539 67 471 1,713 756 957 1,570 23,533 48 686 79 607 1,943 861 1,081 2,235 23,998 49 693 80 613 1,985 876 1,109 2,314 24,538 50 703 81 622 2,027 895 1,132 2,362 27 26 47 55 46 13 19 9 47 30 30 49 57 48 16 21 11 52 33 33 51 59 50 18 24 14 56 24 34 27 18 29 13 14 13 42 26 38 29 19 30 16 16 16 47 29 40 30 21 32 18 18 18 50 66 66 47 467 94 27 50 89 88 48 90 32 295 2,348 86 81 45 541 234 307 99 94 61 618 133 29 76 120 107 52 111 32 316 2,990 137 94 63 439 206 233 98 93 62 628 135 29 76 124 107 53 113 32 321 3,044 139 96 64 474 223 252 101 95 63 641 137 30 78 125 109 55 116 33 329 3,113 145 98 65 485 228 257 47 42 56 42 51 2 52 40 31 4 27 -7 8 26 77 17 (1) -19 -12 -24 47 41 59 45 53 3 54 44 32 6 30 -5 10 51 45 62 47 55 6 57 45 34 8 33 -3 12 31 86 22 (1) -10 -3 -16 49 41 29 32 42 6 53 35 22 10 23 0 7 27 60 16 40 -19 -12 49 40 31 35 44 8 54 39 23 12 26 2 9 30 62 18 41 -12 -5 -18 53 44 34 37 46 11 57 40 25 14 29 5 12 33 69 21 28 79 19 (D -12 -5 -18 -2 4 44 -10 -3 -16 39 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 Table 1. C o n tinued— C ivilian em ploym ent in occupations Total employment (in thousands) Occupation Percent change 1995 1979 1982 Low trend Moderate trend 1979-95 High trend 1982-95 Low trend Moderate trend High trend Low trend Mail clerks .................................................................. Messengers, except bank............................................... Meter readers, utilities.................................................... Office machine operators ............................................... Bookkeeping, billing machine operators ..................... Proof machine operators ......................................... Computer operating personnel ..................................... Computer operators ............................................... Data entry operators............................................... Peripheral EDP equipment operators ......................... Duplicating machine operators..................................... 88 42 29 893 174 46 548 190 319 40 31 100 47 31 936 172 47 580 211 320 49 38 132 60 37 1,179 218 59 727 366 282 79 44 131 61 38 1,196 223 59 737 371 286 80 45 135 63 38 1,220 227 60 752 378 292 82 46 51 42 30 32 25 28 33 93 -12 99 41 50 45 31 34 28 29 34 95 -10 102 43 54 48 33 37 31 31 37 99 -8 106 46 33 28 22 26 26 24 25 74 -12 61 16 Order clerks ................................................................ Payroll and timekeeping clerks ....................................... Personnel clerks............................................................ Policy change clerks ...................................................... Procurement clerks........................................................ Production clerks .......................................................... Raters ........................................................................ Receptionists................................................................ 258 175 98 25 49 212 53 362 265 202 103 28 47 201 53 387 329 265 132 30 60 260 68 565 337 269 131 31 60 262 69 576 342 277 135 31 62 268 70 594 28 51 35 18 23 23 28 56 31 54 34 20 22 24 30 59 33 58 38 22 27 27 32 64 Reservation agents and transportation ticket clerks ............ Reservation agents .................................................... Ticket agents ............................................................ Secretaries and stenographers......................................... Secretaries................................................................ Stenographers .......................................................... Typists........................................................................ Shipping and receiving clerks ......................................... Shipping packers .......................................................... Statement clerks............................................................ 112 55 52 2,624 2,342 283 980 380 356 32 108 53 49 2,711 2,441 270 990 365 340 34 108 54 48 3,355 3,108 247 1,136 420 394 44 110 55 49 3,410 3,161 250 1,145 431 403 44 112 56 50 3,498 3,243 256 1,175 439 410 45 -4 -2 28 33 -13 16 11 11 39 -2 0 -5 30 35 -12 17 13 13 40 Statistical clerks............................................................ Stock clerks, stockroom and warehouse ........................... Survey workers ............................................... Switchboard operators/receptionists ................................. Teachers' aides ................................................... Telephone operators ...................................................... Switchboard operators ............................................... Central office operators............................................... Directory assistance operators ..................................... Town clerks................................................................ 83 831 42 217 442 319 175 107 37 28 98 831 53 107 463 318 172 109 38 26 112 961 78 279 579 337 211 84 42 29 114 987 78 285 593 343 213 87 43 29 116 1,005 79 292 606 349 218 87 43 30 36 16 86 29 31 5 20 -21 13 3 12,359 3,163 43 150 1,008 107 53 556 80 54 26 11,591 2,895 47 111 863 87 53 542 79 53 26 14,476 3,725 66 148 1,095 122 73 704 100 66 33 14,769 3,777 67 150 1,110 125 74 715 101 67 34 15,099 3,841 68 153 1,128 127 75 730 103 68 35 37 105 34 71 369 398 111 41 93 33 61 362 388 102 53 126 44 83 443 512 128 55 130 45 85 444 518 129 4,039 175 107 61 159 871 27 49 d) 175 47 113 3 ,936c 5,004 220 132 71 191 1,134 38 47 106 216 59 154 77 25 40 366 733 26 108 53 83 26 41 93 27 50 416 870 36 118 94 Craft and related workers................................... Construction craftworkers................................. Insulation workers..................................... Bricklayers.................................................... Carpenters............................................. Cement masons ....................................... Dry wall applicators............................... Electricians ..................................... Floor covering installers ........................... Carpet cutters, carpet layers........................... Floor layers........................................... Glaziers......................................... Ironworkers ............................... Reinforcing-iron workers ......................... Structural steel workers......................... Painters, construction and maintenance.......... Plumbers and pipefitters....................... Roofers....................................... Mechanics, repairers, and installers .............. Air conditioning, refrigeration, and heating mechanics . . . . Aircraft mechanics............................... Gas and electric appliance repairers.................. Automotive body repairers............ Automotive mechanics ................ Coin machine servicers and repairers . . . . Central office repairers ......................... Computer service technicians....................... Diesel mechanics......................................... Cable splicers........................................... Line installers, repairers ........................... Engineering equipment mechanics......................... Farm equipment mechanics......................... Instrument repairers............................. Industrial machinery repairers ....................... Maintenance repairers, general utility............ Marine mechanics and repairers.............. Millwrights............................... Office machine repairers..................... 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 168 108 62 155 844 31 50 55 173 48 127 330 694 26 91 56 Moderate trend High trend 31 31 . 24 28 29 25 27 76 -11 63 17 35 34 26 30 32 27 30 79 -9 66 19 24 31 29 8 27 29 29 46 27 34 28 10 26 30 31 49 29 37 32 12 31 33 33 54 -1 ■J -3 33 38 -10 20 16 15 42 0 2 -3 24 27 -8 15 15 16 30 2 4 -1 26 29 -7 16 18 19 32 4 5 1 29 33 -5 19 20 21 34 37 19 87 32 34 8 22 -19 17 5 41 21 89 35 37 9 24 -18 17 7 15 16 46 35 25 6 23 -23 11 10 16 19 46 38 28 8 24 -20 15 12 18 21 48 41 31 10 27 -20 16 14 17 18 53 -1 9 14 36 27 25 23 30 20 19 56 0 10 17 39 29 27 25 32 22 21 59 2 12 19 41 31 29 26 35 25 29 41 34 27 41 36 30 26 25 28 27 30 44 36 29 44 39 32 29 28 30 30 33 46 38 31 46 41 35 30 29 33 56 133 46 87 449 528 131 44 20 29 16 20 29 15 48 23 32 19 21 30 16 51 26 35 22 22 33 18 31 35 33 36 22 32 25 35 39 36 40 23 34 27 37 42 39 44 24 36 28 5,107 223 128 72 196 1,168 39 49 108 222 60 157 5,223 228 131 74 201 1,195 40 49 108 226 61 159 24 25 23 17 20 30 43 -4 (1) 24 26 37 26 27 19 20 *23 34 47 -1 27 28 39 29 30 22 23 26 37 52 0 (1) 30 30 41 27 31 22 14 23 34 24 -6 93 25 24 21 30 33 19 17 26 38 28 2 97 28 25 23 33 36 2J 20 30 42 32 2 98 31 27 25 94 27 51 425 887 36 121 95 96 28 53 438 908 36 124 96 21 8 25 14 19 36 10 78 22 10 27 16 21 36 12 82 24 10 31 20 24 36 15 83 12 4 22 26 25 35 30 68 13 5 24 29 28 35 15 6 27 -1 ( 1) 33 72 33 31 36 36 73 T able 1. C ontinued— C ivilian em ploym ent in occupations Percent change Total employment (in thousands) Occupation 1982 1979 Moderate trend Low trend 1982-95 1979-95 1995 Low trend High trend Moderate trend High trend Low trend Moderate trend High trend Radio and television service technicians Installers, repairers, section maintainers Station installers............................. 71 73 58 80 75 59 101 97 69 102 100 72 105 100 72 42 33 20 45 37 24 48 38 25 25 28 18 27 32 21 30 33 22 Metalworking craftworkers, except mechanics Boilermakers ..................................... Machinists......................................... Machine tool setters, metalworking........ Molders, metal ................................... Sheet-metal workers and tinsmiths ........ Tool and die makers ........................... 941 45 239 65 34 213 176 818 40 220 55 25 188 152 995 42 271 67 29 248 179 1 ,0 1 9 43 278 68 29 252 184 1 ,0 5 1 44 287 70 30 260 190 6 -6 13 2 -1 4 16 2 8 -5 16 4 -1 2 18 5 12 -2 20 7 -9 22 8 22 6 23 22 13 32 18 25 8 26 25 16 34 21 29 11 30 28 20 38 25 Printing trades craftworkers .......... Bookbinders............................. Typesetters and compositors Lithographers and photoengravers Letter press operators .............. Offset lithographic press operators Press operators and plate printers . 382 29 103 66 33 86 37 393 30 104 67 34 88 42 429 34 99 83 34 107 44 447 36 97 87 36 113 45 457 37 99 89 37 115 47 12 16 -9 26 4 24 19 17 22 -6 33 9 30 23 20 24 -4 35 11 33 27 9 14 -1 0 23 1 22 5 14 20 -7 29 6 28 8 16 23 -5 32 8 31 12 3 ,8 3 3 64 1 ,2 9 5 79 127 48 35 30 443 468 3 ,5 4 9 65 1 ,2 0 0 78 105 51 31 37 384 410 4 ,3 2 4 73 1 ,4 8 2 95 128 63 38 40 480 520 4 ,4 1 9 76 1 ,5 1 9 96 132 64 39 40 490 529 4 ,5 2 7 78 1 ,5 5 3 99 134 65 40 42 500 543 13 15 15 20 1 31 9 33 8 11 15 19 17 22 4 32 12 34 11 13 18 22 20 25 6 35 15 39 13 16 22 12 24 22 22 25 22 7 25 27 24 17 27 24 25 26 25 8 28 29 28 19 30 27 27 28 29 12 30 32 26 49 27 61 55 119 40 30 30 38 27 58 54 116 38 28 33 37 37 60 72 151 41 30 34 39 38 61 75 152 42 31 35 42 39 62 77 157 43 32 26 -2 6 38 -2 31 27 2 2 29 -2 1 43 -1 36 28 4 4 32 -1 5 45 2 40 31 7 7 11 -4 39 3 32 30 9 9 13 3 43 4 37 31 10 10 17 10 46 7 41 35 13 13 1 4 ,0 3 9 1 ,4 5 9 33 361 99 281 29 202 38 1 2 ,9 9 5 1 ,3 1 3 33 307 99 286 29 170 37 1 5 ,0 4 4 1 ,6 2 5 28 363 131 365 43 210 50 1 5 ,4 1 9 1 ,6 4 6 26 379 133 362 43 214 50 1 5 ,8 0 9 1 ,7 0 2 26 398 137 371 44 222 52 7 11 -1 4 1 32 30 48 4 33 10 13 -1 9 5 34 29 49 6 31 13 17 -2 0 10 38 32 52 10 35 16 24 -1 5 18 33 28 45 23 36 19 25 -2 1 23 34 27 46 25 34 22 30 -2 1 30 38 30 49 30 39 37 38 30 54 70 54 59 1 ,7 2 6 36 38 38 27 50 64 58 57 1 ,4 9 2 32 39 44 30 51 68 78 62 1 ,7 6 7 34 41 44 31 52 69 79 63 1 ,8 1 3 35 42 45 31 54 74 82 64 1 ,8 7 4 36 8 17 2 -6 -3 45 5 2 -4 13 17 4 -4 -1 47 6 5 -1 15 19 3 0 5 52 8 9 2 5 16 13 2 5 35 9 18 7 10 17 14 4 7 37 10 21 11 12 18 14 8 14 42 12 26 13 1 ,0 7 0 136 138 159 68 193 73 41 914 115 118 137 61 169 66 34 1 ,0 8 8 137 126 155 68 217 94 43 1 ,1 1 4 139 129 159 69 220 95 44 1 ,1 5 3 144 133 164 71 229 99 45 2 1 4 3 -7 0 1 14 30 8 8 6 3 4 19 35 11 19 19 7 14 12 29 42 25 22 21 10 16 13 31 44 27 26 25 13 20 17 36 49 31 181 49 32 548 147 42 27 490 167 51 •32 579 173 53 33 595 180 55 34 615 6 -5 8 2 8 -1 12 6 12 14 22 18 18 18 27 23 21 22 32 27 26 67 224 560 41 118 89 902 594 88 94 242 548 36 101 75 804 533 78 78 219 616 51 115 91 869 561 84 80 229 637 53 118 93 882 567 85 80 234 654 55 122 96 873 556 83 17 -2 10 24 -3 2 -4 -5 -4 20 2 14 28 0 4 -2 -4 -3 19 4 17 32 3 8 -3 -6 -5 -1 6 -9 12 41 14 21 8 5 8 -1 4 -5 16 46 17 24 10 7 9 -1 5 -4 19 51 21 28 9 4 7 145 128 152 155 158 4 7 8 19 22 24 47 42 48 50 51 4 7 9 16 19 21 Other craft and related workers .................. Bakers ............................................... Supervisors of blue-collar workers .......... Cabinetmakers ..................................... Crane, derrick, and hoist operators.......... Dental lab technicians............................. Opticians, dispensing and optical mechanics Furniture upholsterers ........................... Heavy equipment operators.................... Inspectors ........................................... Jewelers .................... .......................... Locomotive engineers............................... Merchandise displayers and window trimmers Stationary engineers................................. Alteration tailors ..................................... Testers ................................................. Sewage plant operators ........................... Water treatment plant operators................ Operatives ............................................... Assembler occupations ........................... Aircraft structure assemblers................ Assemblers ....................................... Electrical machinery equipment assemblers Electrical and electronic assemblers........ Instrument assemblers......................... Machine assemblers............................. Wlrers, electronic ............................... Bindery workers, assembly.............. Laundry operators, small establishment Pressers, hand............................... Pressers, machine ......................... Pressers, machine laundry.............. Washers, machine and starchers . . . . Meatcutters and butchers................ Metalworking operatives.................. Electroplators............................. Machine tool operators......................................... Drill press and boring machine operators ............ Grinding and abrading machine operators, metal . . Lathe machine operators, metal ........................ Milling and planing machine operators ................ Machine tool operators, combination .................. Machine tool operators, numerical control............ Machine tool operators, tool room...................... Punch press operators, metal............................ Power brake and bending machine operators, metal Shear and slitter operators, metal ...................... Welders and flamecutters ..................................... Roustabouts ............................................................ Baggers .................................................................. Production packagers ............................................... Painters, automotive ................................................. Painters, production ................................................. Sawyers .................................................................. Sewers and stitchers......................., ........................ Sewing machine operatives, regular equipment, garment Sewing machine operatives, special equipment, garment Sewing machine operatives, regular equipment, nongarment ..................................................... Sewing machine operatives, special equipment, nongarment ..................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -9 -2 -1 13 28 6 -8 4 -2 -4 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 T able 1. C ontinued— Civilian em ploym ent in occupations Total employment (In thousands) Percent change 1995 Occupation 1979 1982 Low trend Moderate trend 1979-95 High trend 1982-95 Low trend Moderate trend High trend Low trend Moderate trend High trend Textile operatives ........................................................ Spinners, frame ..................................................... Weavers ................................................................ Transport equipment operatives..................................... Ambulance drivers and ambulance attendants .............. Busdrivers.............................................................. Busdrivers, local and intercity................................. Busdrivers, school ............................................... 368 31 36 3 ,6 9 4 26 443 216 226 312 26 30 3 ,5 5 1 28 473 229 244 345 25 31 4 ,1 8 1 34 537 249 288 352 25 31 4 ,2 8 7 35 551 257 295 359 25 31 4 ,3 8 7 36 572 271 301 -6 -2 1 -1 4 13 29 21 15 27 -5 -2 0 -1 3 16 32 24 19 30 -3 -1 8 -1 2 19 38 29 25 33 11 -5 3 18 23 13 9 18 13 -4 4 21 26 17 12 21 15 -2 6 24 32 21 18 23 Chauffeurs.............................................................. Forklift and tow motor operatives ............................... Parking attendants.................................................... Railroad brake operators........................................... Sailors and deckhands ............................................. Taxi drivers ............................................................ Truckdriving occupations ......................................... Delivery and route workers..................................... Truckdrivers ........................................................ 42 4 21 36 78 33 72 2 ,5 0 6 813 1 ,6 9 3 48 376 37 60 32 64 2 ,4 0 2 797 1 ,6 0 4 61 433 37 50 33 52 2 ,9 0 9 924 1 ,9 8 5 63 445 38 54 34 52 2 ,9 8 0 9 51 2 ,0 2 9 65 458 40 58 35 53 3 ,0 3 5 967 2 ,0 6 8 44 3 3 -3 5 0 -2 8 16 14 17 48 6 6 -3 1 3 -2 8 19 17 20 53 9 10 -2 6 5 -2 6 21 19 22 27 15 1 -1 6 3 -2 0 21 16 24 30 18 4 -1 0 7 -1 9 24 19 26 34 22 8 -4 8 -1 7 26 21 29 4 ,1 4 5 54 130 406 46 3 ,8 0 5 61 107 388 44 4 ,4 1 3 66 134 430 45 4 ,5 4 4 66 137 4 51 45 4 ,6 6 6 66 142 462 47 6 23 3 6 -2 10 22 6 11 -1 13 23 9 14 2 16 8 26 11 1 19 8 29 16 2 23 9 33 19 6 45 73 47 42 71 39 39 75 49 40 78 50 41 80 52 -1 4 3 4 -1 1 7 6 -9 9 10 -9 6 25 -6 10 28 -3 13 32 99 92 97 100 105 -2 1 6 5 9 14 153 55 27 146 54 26 172 64 31 178 66 31 183 68 32 13 16 14 16 19 17 20 22 21 18 19 18 22 23 22 25 26 25 All other operatives...................................................... Dressmakers, except factory ..................................... Filers, grinders, buffers, and chippers......................... Fuel pump attendants and lubricators ......................... Stationary boiler firers ............................................. Miscellaneous machine operatives, meat and dairy products ............................................................ Miscellaneous machine operatives, all other food products Miscellaneous machine operatives, lumber and furniture . Miscellaneous machine operatives, paper and allied products ............................................................ Miscellaneous machine operatives, chemicals and allied products ............................................................ Chemical operators-A ........................................... Chemical operators-B ........................................... . Miscellaneous machine operatives, rubber and miscellaneous plastics........................................... Extruder operators, rubber or plastics .................... Compression and injection mold machine operators, plastics............................................................ Miscellaneous machine operatives, stone, clay, and glass Miscellaneous machine operatives, primary metals........ Miscellaneous machine operatives, manufacturing, nec. . Miscellaneous machine operatives, nonmanufacturing . . . Miscellaneous operatives, nec, durable goods.............. Miscellaneous operatives, nec, nondurable goods ........ Poultry dressers, eviscerators................................. Press assistants and feeders ................................. 213 28 190 26 251 35 267 37 277 39 18 25 25 34 30 39 32 36 40 46 45 51 101 50 86 90 40 102 229 50 25 93 41 69 83 39 86 218 48 26 131 49 82 99 42 103 231 50 30 140 51 85 102 44 108 238 50 31 144 53 88 104 45 112 242 51 32 29 -3 -5 11 6 1 1 0 16 38 2 -1 13 10 5 4 1 23 42 6 2 16 12 10 6 3 25 41 20 18 20 7 19 6 4 14 50 25 22 23 11 25 9 6 20 55 31 26 26 13 30 11 8 22 Mixing operatives ................................................... Oilers ..................................................................... Photographic process workers................................... Rotary drill operators............................................... Rotary drill operator helpers ..................................... Shoemaking machine operators ................................. Surveyor helpers...................................................... Tire changers.......................................................... Coil winders............................................................ 43 43 70 22 31 60 50 60 28 41 36 67 28 33 52 40 60 27 43 44 77 27 29 34 61 83 32 45 45 78 28 29 36 63 86 32 46 46 80 28 30 34 65 88 33 2 3 9 24 -6 -4 3 22 39 13 6 5 11 26 -4 -4 0 26 45 13 8 8 14 27 -3 -4 3 30 48 18 5 21 15 -2 -1 4 -3 3 54 39 19 9 24 17 -1 -1 2 -3 0 59 45 19 12 27 20 0 -1 1 -3 4 64 48 24 1 5 ,6 6 0 2 ,7 9 6 5 ,9 0 6 1 6 ,2 4 1 2 ,8 2 8 6 ,2 0 4 2 0 ,7 0 6 3 ,6 0 6 8 ,2 2 1 2 1 ,1 1 3 3 ,6 8 2 8 ,3 2 2 30 27 37 32 29 39 35 32 41 27 28 33 30 30 34 35 364 184 1 ,1 6 1 406 330 424 36 384 191 1 ,2 1 1 423 351 437 46 500 173 1 ,5 9 1 527 494 570 46 505 179 1 ,6 1 3 536 500 578 47 511 182 1 ,6 3 6 549 505 582 31 37 -6 37 30 50 34 32 39 -3 39 32 51 36 33 40 -1 41 35 53 37 26 26 31 27 30 -9 31 25 41 31 28 32 -6 33 27 42 32 30 33 -5 Food preparation and service workers, fast food restaurants.......................................................... Hosts/hostesses, restaurant, lounge, coffee shop.......... Kitchen helpers........................................................ Pantry, sandwich, and coffee makers ......................... Waiters and waitresses............................................. Waiters assistants ................................................... All other food service workers ................................... 757 110 822 77 1 ,5 9 9 283 515 809 113 850 84 1 ,6 6 5 302 559 1 ,0 9 2 152 1 ,1 3 9 111 2 ,1 9 9 384 726 1 ,1 0 6 154 1 ,1 5 5 112 2 ,2 2 7 388 734 1 ,1 1 3 155 1 ,1 7 4 114 2 ,2 4 9 394 748 44 38 39 43 38 36 41 46 40 41 45 39 37 43 47 41 43 47 41 39 45 35 34 34 32 32 27 30 37 36 36 34 34 29 31 38 37 38 36 35 30 34 Selected health service workers..................................... Dental assistants...................................................... Licensed practical nurses ......................................... 1 ,9 8 0 129 524 2 ,2 4 0 153 594 3 ,0 3 8 3 ,0 6 6 218 815 3 ,1 6 6 229 8 41 53 65 54 55 69 55 60 77 60 36 39 36 37 42 37 41 49 41 Service workers.............................................................. Building custodians...................................................... Food service workers.................................................... Bakers, bread and pastry ......................................... Bartenders.............................................................. Butchers and meatcutters ......................................... Cooks and chefs ...................................................... Cooks, institutional............................................... Cooks, restaurant................................................. Cooks, short order and specialty fast foods ............... 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ■ 2 0 ,4 1 6 3 ,554* 8 ,1 1 3 213 35 30 44 33 Table 1. C o n tinued— C ivilian em ploym ent in occupations Percent change Total employment (in thousands) Occupation 1979 1982 Low trend Moderate trend 1982-95 1979-95 1995 High trend Low trend Moderate trend High trend Low trend Moderate trend High trend 148 1,642 46 185 154 1,690 47 192 65 50 56 60 67 51 57 60 74 55 62 66 45 34 38 40 47 35 38 41 53 39 43 46 1,961 127 29 57 499 589 2,010 129 29 58 504 604 27 14 7 43 25 19 29 15 9 45 26 22 32 17 11 48 27 25 18 9 9 20 19 17 20 10 10 21 20 20 23 12 13 24 22 23 69 63 130 88 46 39 119 70 66 133 92 51 41 122 26 (1) (1) 35 88 -6 27 27 (1) (1) 37 96 -4 29 29 (1) (1) 42 114 1 33 27 17 29 21 29 -4 26 29 19 29 23 34 -2 28 30 24 32 27 46 4 32 2,146 147 29 42 217 52 935 44 2,194 150 30 43 223 53 950 46 22 31 5 5 2 5 45 (1) 25 35 8 7 4 7 47 (1) 24 31 6 10 7 10 46 29 26 33 8 12 8 12 47 31 29 36 11 14 11 14 50 36 586 69 106 383 275 592 68 107 390 850 279 608 71 110 400 864 285 21 30 3 3 0 3 44 (1) 1 12 4 0 -25 35 2 9 5 2 -22 37 5 14 8 4 -21 39 7 17 10 6 -20 31 8 14 10 7 -17 33 11 19 14 10 -16 36 5,861 105 56 100 46 110 661 608 165 30 42 27 962 355 608 39 6,884 119 67 133 53 127 732 777 172 41 56 33 1,111 420 691 35 7,052 120 69 138 54 129 744 798 175 41 57 33 1,150 430 721 35 7,215 123 71 143 56 133 759 819 179 42 58 34 1,171 435 736 36 10 31 10 11 3 11 13 -24 0 39 18 11 18 18 19 -23 13 33 12 16 6 12 15 -22 1 41 21 12 23 21 24 -22 15 35 16 20 8 16 17 -20 4 42 23 15 25 22 27 -20 17 14 20 32 14 15 11 28 4 36 32 23 15 18 14 -10 20 15 23 38 18 17 13 31 6 38 35 24 20 21 19 -9 23 17 27 43 21 20 15 35 9 39 37 27 22 23 21 -7 2,691 1,448 1,407 40 1,243 33 1,211 2,404 1,370 1,319 51 1,034 31 1,003 2,407 1,357 1,304 52 1,050 31 1,019 2,424 1,359 1,305 53 1,065 32 1,033 -11 -5 -6 21 -18 -7 -18 -11 -6 -7 24 -16 -5 -17 -10 -6 -7 26 -15 -3 -16 -11 -5 -6 27 -17 -6 -17 -11 -6 -7 30 -16 -4 -16 -10 -6 -7 32 -14 -2 -15 Medical assistants..................................................... Nursing aides, orderlies, and attendants........................ Pharmacy helpers ..................................................... Psychiatric aides....................................................... 88 1,087 29 115 100 1,218 33 132 Selected personal service workers ................................... Barbers.................................................................... Bellhops, bag porters, and doorkeepers......................... Child-care attendants ................................................. Child-care workers..................................................... Cosmetologists/women's hairstylists ............................. 1,518 110 26 39 396 483 1,632 115 26 47 414 491 Flight attendants ....................................................... Game and ride operators and concession workers .......... Housekeepers, hotel and motel..................................... Recreation facility attendants ....................................... Reducing instructors ................................................. Ushers, lobby attendants, and ticket takers.................... Welfare service aides ................................................. 54 (1) (1) 64 24 41 92 54 53 101 72 35 40 93 Protective service workers ............................................. Correction officials and jailers ..................................... Crossing or bridge tenders ......................................... Crossing guards, school............................................. Firefighters................................................................ Fire officers ......................... ................................. Guards and doorkeepers............................................. Lifeguards ................................................................ 1,707 111 27 38 201 46 635 34 Police and detectives, public service ............................. Police detectives ................................................... Police officers ....................................................... Police patrolmen/women ......................................... Private household workers ............................................. Supervisors, nonworking, service..................................... 1,752 112 28 40 213 49 645 (1) 578 62 102 383 1,088 205 Laborers, except farm....................................................... Animal caretakers.......................................................... Cannery workers............................................................ Cleaners, vehicle ......................................................... Conveyor operators and tenders....................................... Garbage collectors ....................................................... Gardeners and groundskeepers, except farm .................... Helpers, trades ............................................................ Highway maintenance workers......................................... Line service attendants ................................................. Plpelayers............................................................ Riggers ...................................................................... Stock handlers.............................................................. Order fillers .............................................................. Stock clerks, sales floor............................................. Fallers and buckers....................................................... 6,257 91 61 119 51 115 646 1,023 173 29 47 30 938 356 581 45 Farmers and farmworkers ................................................. Farmers and farm managers........................................... Farm owners and tenants ........................................... Farm managers.......................................................... Farm supervisors and laborers ....................................... Farm supervisors....................................................... Farm laborers............................................................ 2,704 1,447 1,405 42 1,257 33 1,224 549 59 97 363 1,023 210 809 146 1,628 45 184 1,930 126 28 56 495 577 68 62 130 87 44 38 116 2,121 145 29 42 214 51 925 43 1Data not available. The growth of occupations concentrated in the construc tion and manufacturing industries, which was severely af fected by the 1980-82 recession, includes recovery from the trough of that period. As a result, the data on growth patterns of occupations must be interpreted very carefully. For this reason, the data on growth presented in table 1 include employment data for 1979 (prerecessionary) and 1979-95 growth rates.2 Alternative sets of projections The Bureau has developed three alternative sets of oc cupational employment projections that are tied to the eco https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis nomic and industry alternatives presented elsewhere in this issue of the Review. Although the assumptions and analyses that differentiate these scenarios result in different rates of growth for most occupations, the basic changes in the oc cupational composition from 1982 to 1995 are similar in all versions. Thus, although this article focuses on the “ mod erate” scenario, the discussion would be very similar if any of the other scenarios were highlighted. However, the major differences in trends between the alternate scenarios are reported in the final section of this article. The alternative projections are also shown in table 1 for all detailed oc cupations. 43 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 Differences in the occupational projections among the three alternatives should not be considered as the potential range within which the projections are likely to fall because the range for most occupations is much wider than that shown. The majority of occupations are sensitive to a wide variety of assumptions and economic factors and all of these could not be considered in the three scenarios. One should keep in mind that the development of pro jections is not a precise statistical process. Despite the use of sophisticated economic models and the use of data in those models that are carefully developed by statistical tech niques, the future cannot be precisely predicted. Too many factors can alter economic activity over the 1982-95 period to assure that the projections provide an exact picture of the future. This is very evident if one reviews previous em ployment projections developed by the Bureau or any other organization.3 The projections developed by the Bureau reflect very detailed analyses of the factors that are expected to affect occupational trends in addition to those factors built into the model. Thus, the occupational projections presented in this article reflect the analyses and judgments of Bureau staff who are involved in this development. Some of these judgments are fairly subjective, and therefore, open to ques tion. For example, in developing projected occupational staffing patterns for automobile manufacturing, judgments had to be made about the actual use of robots and other production processes in the industry during 1982-95. Clearly, at this stage of the development and use of robots in au tomobile manufacturing, such judgments are highly subjec tive. Despite these analytical problems in developing precise projections of the future, our experience has indicated that basic trends in occupational structure can be approximated through the types of analyses described. Growth trends have proved to be correct for most occupations in previous sets of projections. We are hopeful that our experience and im proved techniques and data bases will result in projections that present the general trends in employment by occupation during 1982-95. Broad structural changes The impact of technological change, differences in in dustrial growth patterns, and other factors that have a sig nificant impact on occupations will result in changes in the broad occupational structure between 1982 and 1995. How ever, the direction of these changes will be very similar to changes that have occurred over the past several decades. Professional and technical workers will continue to increase faster than total employment and account for a greater share of total employment in 1995 than in 1982. Service workers, excluding private household workers, also will continue to grow faster than average. Managers, salesworkers, and craftworkers will continue to increase at about average rates and 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis maintain their relative share of total employment, a share which has not changed significantly over the past two de cades. On the other hand, operatives and laborers should continue their long-term decline as a proportion of total employment, as their growth is impacted by the effects of technological change and the relatively faster growth of the service sector. Private household workers are expected to continue to decline numerically as well as in proportion to total employment. Major changes in long-term trends in the broad occupa tional structure, however, are expected in clerical and in farming occupations. Although the number of clerical work ers is expected to continue to increase, the effects of office automation should result in average growth rather than in the faster than average growth which has occurred over the past two decades. Farming occupations which have declined significantly throughout the century are expected to continue to decrease but somewhat more slowly than in the past. However, farming occupations should drop significantly as a proportion of total employment between 1982 and 1995. Broad occupational trends tend to mask much of the dy namic changes in occupational structures that have occurred and are expected to occur over the projections period. Within each broad occupational group, detailed occupational trends will be affected by technological changes and by alterations in the basic structure of industrial growth. The latter changes are extremely important because occupational growth is very closely related to changes in employment of industries in which they are concentrated. The following sections of this article discuss the growth of individual occupations and highlight many of the basic changes in occupational em ployment that are anticipated over the period. Detailed occupations The economy is expected to generate an additional 25.6 million jobs between 1982 and 1995. About one-half of this job growth is projected to occur in only 40 of the 1,700 occupations (see table 2) for which projections were de veloped. Several points should be kept in mind in reviewing these occupations which will account for the greatest number of additional jobs. In general, the occupations are numer ically large and all had more than 250,000 workers in 1982. Occupations that require extensive training are not found to any greater extent in table 2 than are those requiring little formal training. Only one-fourth of the occupations gen erally require a college degree. Several of the occupations on the list reflect recovery from very low 1982 employment levels caused by the reces sion. For example, helpers, trade; supervisors of blue-collar workers; and carpenters are on the list only because of the sharp drop in employment experienced from 1979 to 1982. Most of the employment growth reflects recovery to prerecessionary levels. A list of the fastest growing occupations from 1982 to Table 2. Forty occupations w ith largest job grow th, 1 9 8 2 -9 5 Change in total employment (in thousands) Percent of total job growth Percent change Building custodians ....................... Cashiers ..................................... Secretaries................................... General clerks, office .................... Salesclerks................................... Nurses, registered......................... Waiters and waitresses.................. Teachers, kindergarten and elementary ............................... Truckdrivers................................. Nursing aides and orderlies............ Sales representatives, technical . . . . 779 744 719 696 685 642 562 3.0 2.9 2.8 2.7 2.7 2.5 2.2 27.5 47.4 29.5 29.6 23.5 48.9 33.8 511 425 423 386 2.0 1.7 1.7 1.5 37.4 26.5 34.8 29.3 Accountants and auditors .............. Automotive mechanics .................. Supervisors of blue-collar workers . . Kitchen helpers............................. Guards and doorkeepers................ Food preparation and service workers, fast food restaurants.................. Managers, store ........................... Carpenters................................... Electrical and electronic technicians Licensed practical nurses .............. 344 324 319 305 300 1.3 1.3 1.2 1.2 1.2 40.2 38.3 26.6 35.9 47.3 297 292 247 222 220 1.2 1.1 1.0 .9 .9 36.7 30.1 28.6 60.7 37.1 Computer systems analysts............ Electrical engineers ....................... Computer programmers ................ Maintenance repairers, general utility Helpers, trades............................. Receptionists ............................... Electricians................................... Physicians ................................... Clerical supervisors ....................... Computer operators....................... Sales representatives, nontechnical . . 217 209 205 193 190 189 173 163 162 160 160 .8 .8 .8 .8 .6 .6 .6 85.3 65.3 76.9 27.8 31.2 48.8 31.8 34 0 34.6 75.8 27.4 Lawyers....................................... Stock clerks, stockroom and warehouse ............................... Typists ....................................... Delivery and route workers ............ Bookkeepers, hand ....................... Cooks, restaurants......................... Bank tellers ................................. Cooks, short order, specialty and fast food ....................................... 159 .6 34.3 156 155 153 152 142 .6 .6 .6 .6 .6 .6 18.8 15.7 19.2 15.9 42.3 30.0 141 .6 32.2 Occupation 149 .7 .7 .7 .7 Note: Includes only detailed occupations with 1982 employment of 25,000 or more. Data for 1995 are based on moderate-trend projections. 1995 is shown in table 3. Although the list is dominated by occupations that are tied to continued growth of expanding industries and which have been among the strongest in the economy for the past decade, many reflect recovery from the recession. It is also important to note that these fast growing occupations generally are not found on the list of occupations that will add the most jobs over the period. Almost half of the 20 occupations in the list are either in the computer or health fields, which are among the fields with the strongest growth. Some occupations are expected to decline over the period. (See table 4.) In general, occupations on the list are con centrated in industries that are contracting, or severely af fected by technological change. For example, railroad conductors are concentrated in a declining industry, while data entry operators are affected by technological change. Health-related occupations. Health care will continue to be an expanding field of work during 1982-95. Reflecting growth https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in expenditures for health services, occupations in this field have been among the fastest growing for many years. Even during 1979-82, when total employment was virtually un changed, employment in health occupations grew signifi cantly. Continued population growth and expansion of health care insurance coverage are primary reasons underlying the expected continued growth. In addition, the aged, requiring the most health care, are expected to increase their share of the U.S. population. While the population is expected to go up by only 14 percent between 1980 and 1995, those over 65 years of age will increase by 26 percent. The number of registered nurses is expected to grow by 49 percent between 1982 and 1995, an additional 642,000 jobs. Physicians are projected to increase by 34 percent, faster than the average for all occupations, and add 163,000 jobs. Nursing aides and orderlies should add 423,000 new jobs and licensed practical nurses, 220,000 jobs, both rep resenting faster than average growth. Overall, these four occupations are projected to account for almost 6 percent of the total employment growth over the period. Among the smaller and faster growing occupations, phys ical therapy technicians are projected to increase by 68 per cent, occupational therapists by 60 percent, physical therapists by 54 percent, and medical assistants by 47 percent. Computer-related occupations. Computers are expected to continue to have more widespread use throughout the econ omy through the mid-1990’s. As a result, occupations that are directly related to computer development and use will be among the leaders in employment growth rates over the period. The number of systems analysts and computer pro grammers should expand at a very rapid rate through 1995. As more uses are found for computers in business and ev eryday life, software development will experience tremen dous growth. Most industry forecasts indicate that there will be more than 10 times as many computers in use during the next decade than exist today. This will translate into an increased demand for additional computer service technicians to main tain the equipment. Recently, the focus has been on the micro- and mini computers. Mainframe (large) computers have mostly been overlooked. In 1982, mainframe sales stood at $10 billion representing the largest segment of the computer machine market. Fifth-generation machines are expected to be intro duced in the early 1990’s, and sales are projected to grow significantly by 1995. Therefore, this means strong growth in the number of computer and peripheral equipment op erators needed by 1995. Education-related occupations. The growth of employment in many occupations in the education field is closely tied to the size of the school-age population. Although births de clined steadily during 1961-75, the number of children born each year has grown steadily since 1976 and is expected to 45 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 Table 3. Tw enty fastest grow ing occupations, 1 9 8 2 -9 5 Occupation Percent growth in employment Computer service technicians Legal assistants ................................. Computer systems analysts ......................... Computer programmers....................... Computer operators .................... Office machine repairers.................... Physical therapy assistants.................. Electrical engineers.................. Civil engineering technicians.................. Peripheral EDP equipment operators............ 96.8 94.3 85.3 76.9 75.8 71.7 67.8 65.3 63.9 63.5 Insurance clerks, medical............ Electrical and electronic technicians ........ Occupational therapists ................... Surveyor helpers .................. Credit clerks, banking and insurance . Physical therapists ............ Employment interviewers . . . . Mechanical engineers .............. Mechanical engineering technicians . . Compression and injection mold machine operators, plastics......................... 62.2 60.7 59.8 58.6 54.1 53.6 52.5 52.1 51.6 50.3 Note: Includes only detailed occupations with 1982 employment of 25,000 or more Data tor 1995 are based on moderate-trend projections. continue until 1987. Because of this increase in births and the expected continued growth in the labor force partici pation of mothers of young children, employment of pre school teachers is expected to surge during 1982-95, increasing by more than 40 percent. Kindergarten and el ementary schoolteachers as well as teachers’ aides are an ticipated to grow substantially as growth in the youth population works its way through the educational system. The increase in the school-age population will not affect secondary schools until early in the 1990’s. Therefore, sec ondary schoolteachers are expected to decline in numbers until 1990 and then turn around. Overall, between 1982 and 1995, this occupation should experience only minimal growth. At the post-secondary level, vocational education teachers can be expected to grow at a strong pace. Growth of job training and retraining programs will be reflected in in creased demand for this occupation. However, college and university teachers are projected to decline during 1982-95 because of a drop in the college-age population and because of higher tuition. Scientific and technical occupations. Many scientific and technical occupations are expected to grow rapidly over the period, benefiting from the growth of high-technology in dustries. However, some will be negatively affected by the products of high technology and others will grow more sluggishly than average because they are concentrated in slowly growing industries. Engineering occupations are expected to provide nearly 600,000 new jobs by 1995, as the occupation is expected to grow much faster than average. As manufacturing in dustries, primarily durable goods, rebound from the reces sion and place new technologies into their production systems, there will be heavy demands for electrical, industrial, and 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis mechanical engineers. More civil engineers will be needed to meet the demands of a rejuvenated construction industry. Petroleum engineers on the other hand should experience average growth as oil supplies stabilize and new drilling moderates. Chemists will be affected by a diminished growth of the chemical industry and geologists and geophysicists by a slowdown in oil and gas extraction. Therefore, both oc cupations are expected to grow only as fast as average. A fairly strong demand for biological scientists is expected due to the growth of the drug industry. Electrical and elec tronic technicians, mechanical engineering technicians, and civil engineering technicians should experience strong growth similar to their engineer counterparts. Drafters is one im portant occupation in this group to fall victim to new tech nology. As computer-assisted design equipment gains more widespread use, the growth of this occupation will be vir tually nil. Office clerical workers. Most office clerical occupations are expected to grow more slowly during 1982-95 than in the 1970’s because of office automation. Nevertheless, signif icant growth is expected in some of these occupations. Re ceptionists should be among the fastest growing clerical occupations, with a projected increase of 49 percent. Be cause of the varied responsibilities and the need for human interaction, it is difficult to replace this occupation with a machine. Secretaries will increasingly use advanced office equipment in the future, thereby becoming more productive. This in turn will dampen demand for the occupation. Never theless, secretaries are projected to grow at a rate that is about average because of the growth of industries in which they are concentrated. Tab le 4. Tw enty m ost rapidly declining occupations, 1 9 8 2 -9 5 Occupation Railroad conductors .......... Shoemaking machine operatives . Aircraft structure assemblers . . . . Central telephone office operators . Taxi drivers....................... Postal clerks .............. Private household workers . Farm laborers ................... College and university faculty Roustabouts ............ Postmasters and mail superintendents Rotary drill operator helpers . . . Graduate assistants.......... Data entry operators ........ Railroad brake operators . . Fallers and buckers . . . . Stenographers ............ Farm owners and tenants . . . Typesetters and compositors........ Butchers and meatcutters........ Percent decline in employment -32.0 -30.2 -21 0 -20.0 -18 9 -17 9 -16 9 -15 9 -15.0 -14 4 -13.8 -11.6 -11 2 -10 6 -9 8 87 -7^4 73 -7 3 -6.3 N ote : Includes only detailed occupations with 1982 employment of 25 000 or more Data for 1995 are based on moderate-trend projections. equipment used by industry and by consumers is expected to provide continued steady growth for mechanics and re pairers. Automotive mechanics are projected to grow faster than average— about 38 percent from 1982 to 1995— and because of the occupation’s large size it will add nearly 324,000 jobs. Refrigeration and air-conditioning mechanics are expected to add 55,000 jobs. Office machine servicers and cash register servicers should rise by 72 percent as offices and stores are automated. This occupation will be among the fastest growing during the period. Transportation occupations. As econom ic activity in creases, so does the demand for transporting goods. Tech nological change has not radically affected the trucking industry, therefore, a rising demand for its services brings about roughly proportional increases in the employment of truckdrivers. Truckdrivers are projected to show average growth but, because of its large size,, add almost 424,000 jobs. Double trailers and larger trucks will dampen em ployment growth among long-haul truckdrivers as will com petition for long-haul business from railroad transportation. Ambulance drivers are expected to have average em ployment growth. Busdrivers and industrial truck operators should experience below average growth rates. Technolog ical change may have a greater impact on industrial truck operators, who move materials from one location to another within factories and warehouses. Industrial truck operators are projected to increase by 70,000, which largely reflects recovery from the decline in manufacturing employment during 1980-82. Construction trades. Employment fluctuations caused by Production occupations. The recovery of manufacturing from cyclical and seasonal factors characterize the construction industry. As a result, construction-related employment pro jections are difficult to develop accurately. Although em ployment among construction trades is projected to increase by more than 900,000 workers, much of this growth rep resents a recovery from the severe downturn of the early 1980’s. If allowance is made for this recession, the growth of the construction trade occupations may be seen as ap proximating that of the rest of the economy. Employment among the construction trades will also be affected by technological changes within the industry. Dry wall installers will benefit from the increased use of dry wall. Modular construction will slow the employment growth of carpenters. On the other hand, the increasing use of new types of electrical equipment will continue to aid the em ployment growth of electricians. the recent recession and its projected employment increase by 1995 will provide many additional jobs for production workers performing precision tasks. Although growth rates will only approximate the economy as a whole, supervisors of blue-collar workers will gain 319,000 jobs; machinists, 58,000; press and plate printers, 35,000; tool and die mak ers, 32,000; and millwrights, 30,000. The majority of ma chinists, tool and die makers, and millwrights work in durable goods manufacturing which declined during 1980-82 and which is expected to recover and grow. Some of the lesser skilled production occupations (such as operatives) are threatened by the introduction of robots and other automated equipment. Robots can perform weld ing, machine loading and unloading, spray painting, and certain types of assembly work, but their introduction is currently hampered by factors such as the lack of visual capabilities and by their purchase, installation, and main tenance costs. If the robots’ capabilities can be improved and their associated costs can be reduced through mass production, we may see an occupational impact. Among the fabricating, assembly, and handworking oc cupations, the group of assembly occupations is anticipated to grow by 332,000, primarily in electrical and electronic components, machinery, and electrical equipment assem bly. Welders and flamecutters are expected to increase by 105,000; however, they are expected to decline in the au tomotive industry as more spot welding robots are used. The number of filers, grinders, buffers, and chippers should grow by about 30,000 jobs. Some machine operators and tenders will experience the impact of robots which can load materials into machinery. However, increases are expected in some operator jobs, including 52,000 combination machine tool operators and Most other office clerical occupations including typists will be growing more slowly than the average rate for all occupations. The expected increase in typing work will be in significant part taken care of by the increased use of word processing equipment. Stenographers is the one office oc cupation which has been declining and should continue to do so during the period. Mechanics and repairers. The increasing complexity of Food and beverage service occupations. The trend toward eating outside the home will result in continued employment growth among food and beverage preparation and service occupations. Sales in eating and drinking places nearly quadrupled between 1967 and 1981,4 This trend is expected to add 1.8 million jobs in eating and drinking places, an increase of 38 percent during 1982-95. Much of this growth, however, should be in fast food restaurants and therefore food preparation and service workers in these establishments would increase faster than other food service occupations. They are expected to increase by 37 percent and add 297,000 jobs. Other food service occupations will also grow faster than average including waiters and waitresses, up 562,000; cooks, 402,000; and bartenders, 121,000. These four oc cupations will account for more than 5 percent of the total growth in jobs over the period. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 47 MONTHLY LABOR REVIEW November 1983 • Occupational Employment Projections To 1995 39.000 power press operators. Sewers and stitchers should gain 78,000 jobs, although the growth rate is expected to be below average and employment is not even expected to reach the 1977 level by 1995. Production inspectors, testers, samplers, and weighers would be most affected by robotic vision systems, but the use of these systems seems to be in the distant future. Therefore, an increase of 119,000 in specting jobs and 36,000 testing jobs is projected through 1995. Sales occupations. Salesworker employment growth trends are generally tied to the growth of industries in which they are employed. Thus, security and bond sales agents and real estate agents should grow faster than average as do their related industries. Salesclerks should increase about average following the trend in retail trade where most are employed. However, because of the very large size of this occupation, it should be among the leaders in the number of jobs added during 1982-95. Low and high alternative projections The percentage distribution of occupational employment or staffing patterns within specific industries that was used to develop the low- and high-projection alternatives was identical to that used in the moderate-trend projections. Therefore, occupations that are concentrated in industries whose employment varies significantly are those which show the greatest variability among the three alternatives. Total employment in the moderate-trend alternatives var ied by only about 2 percent from both the low and high trends. Therefore, the distribution of employment by major occupational group varies little among the alternatives. (See table 5.) In looking at specific occupations, significant differences may exist between the moderate and either the low and high alternatives. In virtually all cases, employment levels are small and the percent differences are relatively minor. In a few instances, projected employment is greater in the low alternative than in the moderate, or lower in the high alternative than in the moderate. For example, em ployment for aircraft structure assemblers is projected to be 28.000 in the low alternative and 26,000 in the moderate and high alternatives. This is due to significantly higher projected employment for aircraft manufacturing in the low alternative which encompasses higher levels of defense ex penditures. 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 5. P ercent distribution of em ploym ent by m ajor o ccupational group, 1982 and projected 1995 1995 Occupational group Total, all occupations....................... Professional, technical, and related workers Managers, officials, and proprietors ........ Salesworkers ....................................... Clerical workers..................................... Craft and related workers ....................... Operatives : ...................................... Service workers................................. Laborers, except farm ........................... Farmers and farmworkers ....................... 1982 Low trend Moderate trend High trend 100.0 100.0 100.0 100.0 16.3 9.4 6.9 18.8 11.4 12.8 16.0 5.8 2.7 17.3 9.6 6.8 18.8 11.6 12.1 16.4 5.5 1.9 17.1 9.6 6.9 18.9 11.6 12.1 16.3 5.5 1.9 17.2 9.6 6.9 18.9 11.6 12.2 16.3 5.6 1.9 The following list identifies those occupations in which the difference between the alternative (high or low) projected employment is greater than 5 percent from the moderate trend: Postmasters and mail superintendents Railroad conductors Postal mail carriers Postal service clerks Bookbinders Locomotive engineers Railroad brake operators Extruder operators, rubber or plastics Compression and injection mold machine operators, plastics Press assistants and feeders Shoemaking machine operators Data uses The current and projected occupational employment es timates presented in this article are developed by industry and are a part of a national industry-occupational employ ment matrix. Data from the matrix will underlie information in the 1984-85 edition of the Occupational Outlook Hand book which will be issued in the Spring of 1984. In addition to being used in the development of career guidance infor mation, national occupational employment data and projec tions are used at all levels of government, and by others, to formulate education plans, including vocational educa tion, and training requirements. State employment security agencies utilize the national matrix as part of their own programs of developing occupational projections. Other government agencies and private organizations also use the matrix for analytical purposes. □ FOOTNOTES 1See Handbook of Methods. Bulletin 2134 (Bureau of Labor Statistics, 1982), chapters 18-21. 2 Table 1 includes only 370 detailed occupations with employment of 25,000 or more in 1982. Projections developed in greater detail with employment of 5,000 or more in 1982 will be published in the Spring of 1984 in Occupational Projections and Training Data. 1984 edition. Current and projected occupational employment estimates are developed by the Bureau in the National Industry-Occupational Employment Matrix pro gram. The national matrix is developed by applying data on occupational staffing patterns of industries collected in the Occupational Employment https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Statistics Survey program to estimates of annual average industry em ployment collected in the Current Employment Statistics program. These surveys count jobs rather than people; therefore, the employment estimates contained in this report are different from those derived from a count of individuals in the Current Population Survey. 3 See Max L. Carey and Kevin Kasunic, “ Evaluating the 1980 projec tions of occupational employment,” Monthly Labor Review, July 1982, pp. 2 2 -3 0 . 4 U.S. Bureau of the Census, Current Business Report, Series BR, Monthly Retail Trade. A note on communications The Monthly Labor Review welcomes communications that supple ment, challenge, or expand on research published in its pages. To be considered for publication, communications should be factual and an alytical, not polemical in tone. Communications should be addressed to the Editor-in-Chief, Monthly Labor Review, Bureau of Labor Statis tics, U.S. Department of Labor, Washington, D.C. 20212. 49 High technology today and tomorrow: a small slice of the employment pie High tech industries are expected to provide only a small proportion o f the jobs created between 1982 and 1995, under three concepts which embrace from six to 48 industries R ic h a r d and W. R ic h e , D a n ie l E. H ecker, Jo h n U . B u r g a n High technology enjoys high visibility. Industry develop ments are tracked closely in the United States and abroad, and the implications for productivity, international com petition, national defense, and the general standard of living are of increasing interest. Many States and some major cities have established task forces to assess the potential of high technology to provide employment opportunities and to de velop incentives to attract high tech industries. Although industries that manufacture computers and of fice equipment, electronic components and new drugs and medicines generally are among those classified as high tech industries, experts differ as to the makeup of the high tech group. There is no widely accepted definition of high tech nology industries, and they have been defined in many ways. In this article, we set forth various concepts of high tech nology and consider its effect on employment during the 1970’s and through the mid-1990’s. The criteria generally used to classify high tech industries are research and development ( r & d ) expenditures, the use of scientific and technical personnel relative to total employ ment, and product sophistication. Employing these criteria, we developed three definitions of high tech to analyze emRichard W. Riche is an economist in the Office of Productivity and Tech nology, Daniel E. Hecker is an economist in the Office of Economic Growth and Employment Projections, and John U. Burgan is an economist in the Office of Employment and Unemployment Statistics, Bureau of Labor Statistics. 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ployment trends in these industries. Our analysis indicates that: • Employment in high tech industries increased faster than average industry growth during the 1972-82 period. • High tech industries accounted for a relatively small pro portion of all new. jobs nationwide, but provided a sig nificant proportion of new jobs in some States and communities. • About 6 out of 10 high tech jobs are located in the 10 most populous States. • States with relatively high proportions of employment in high tech industries are generally small; most are in the Northeast. • Through 1995, employment in high tech industries is projected to grow somewhat faster than in the economy as a whole. • High tech industries, even broadly defined, will account for only a small proportion of new jobs through 1995. • Scientific and technical workers, while critical to the growth of industry and the economy, will account for only 6 percent of all new jobs through 1995. A look at the concepts Our examination of published reports on high technology prepared by private organizations and Federal and State agencies indicates a variety of approaches to identifying high technology industries. One approach used by a State agency, for example, involved a review of the U.S. Government’s Standard Industrial Classification (sic) manual in which 20 industry groups were designated as high tech based on the perceived degree of technical sophistication of the prod ucts. 1One limitation of this method, and others which focus on the nature of the product, is that it is highly subjective. Moreover, as Robert Vinson and Paul Harrington point out in an article on high technology industries in Massachusetts, the degree of technical sophistication of the product is of less significance than the complexity of the production pro cess for those interested in the implications of high tech for capital and labor force requirements.2 A concept of high technology included in a document prepared by the Congressional Office of Technology As sessment illustrates a much broader and complex approach in which a series of factors are considered in developing a concept of high tech firms and industries.3 The office de scribes high technology firms as . . companies that are engaged in the design, development, and introduction of new products and/or innovative manufacturing processes through the systematic application of scientific and technical knowledge . . . ” . It points out that these companies typi cally use state-of-the-art techniques, have a high proportion of r & d costs; employ a high proportion of scientific, technical and engineering personnel; and serve small, specialized markets. The report goes on to say, “ A high technology industry is a group of firms, producing similar or related products, that includes a high proportion of high technology firm s.” As suggested earlier, definitions of high technology vary considerably. Federal agencies, including the Department of Defense, the Securities and Exchange Commission, and the Department of Commerce have formulated definitions of high technology to suit their own particular research needs. An example: the set of definitions included in a report by the International Trade Administration, Department of Commerce, which examines U.S. competitiveness in high technology industries.4 Four techniques for defining tech nology intensive trade are presented; one identifies indus tries and three focus on products. The industry-based definition of technology intensive trade, developed by Michael Boretsky, uses the two measures frequently employed in examining high technology: r & d ex penditures as a percentage of industry value added, and industry employment of scientists, engineers, and techni cians as a proportion of the industry work force.5 He iden tified two groups of industries based on the magnitude of r & d expenditures and employment of scientists, engineers, and technicians: technology intensive industries and high technology industries. Technology intensive products and others are not separately identified. The three product-based definitions also help in evaluating competitiveness in high https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis technology industries. In the mid-1970’s, Regina Kelly used r & d expenditures by product field and value of product ship ments to develop intensity ratios.6 She ranked products by r & d “ intensity” and classified them by technology. Kelly designated the first quartile of r & d intensities as high tech nology goods. Subsequently, she refined her analysis and considered product groups with above average r & d intensities as technology intensive. In 1980, C. Michael Aho and How ard Rosen basically used the Kelly methodology to identify technology-intensive product groups.7 These researchers used more recent data and the Standard International Trade Clas sification. More recently, Lester Davis used input-output analysis and r & d expenditure and shipment data by product group to develop an index of technological intensity.8 Using an input-output matrix, Davis determined the value of r & d embodied in the various inputs used to make the products and the percentage of r & d embodied in the final product. He then arrived at total r & d by combining the indirect r & d ( r & d contributed by inputs) with the value of direct r & d ( r & d ex penditures on product development). Davis ranked product groups according to total r & d to shipments intensity, with only those goods showing a significant r & d intensity (rather than simply above average) designated as high tech prod ucts. A definition by Ann Lawson in an article in the Depart ment of Commerce’s Industrial Economic Review includes industries “ possessing above average levels of scientific and engineering skills and capabilities, compared to other in dustries; and currently experiencing the accelerating tech nological growth associated with the germination and evolution stages along their respective S-curves.” 9 Selecting three groups of industries Because there is no widely accepted definition of high technology industries, we believe it is useful to illustrate employment trends under a range of concepts. As indicated, the concepts underlying most definitions of high technology use one or a combination of three factors (1) the utilization of scientific and technical workers, (2) expenditures for re search and development, and (3) the nature of the product of the industry. We have selected three groups of high technology industries based on these concepts. We have defined industries according to the Standard Industrial Classification (sic) at the 3-digit detail. We would have preferred to use 4-digit detail, but data were not avail able. We made an exception for r & d laboratories (sic 7391), because, for this industry, data were available, and the other industries in sic 739 have high levels of employment but little or no involvement with high technology. We defined scientific and technical workers as engineers, life and phys ical scientists, mathematical specialists, engineering and science technicians and computer specialists. We refer to these workers as technology-oriented workers. We excluded government, colleges, and universities, although some of 51 MONTHLY LABOR REVIEW November 1983 • High Technology Today and Tomorrow their activities are no doubt high tech-oriented, such as some research conducted in higher educational institutions and in some government agencies. There was no realistic way to estimate the small proportion of employment associated with these activities. Data on-research and development expenditures are com piled annually through surveys conducted by the National Science Foundation. The most recent data available are for 1980. Statistics on employment of scientific and technical workers by industry are presented in the Bureau’s national Table 1. industry-occupation matrix. The most current matrix avail able presents data for 1982. Group /. The criterion for inclusion in this group is solely the utilization of technology-oriented workers. We included an industry if technology-oriented workers accounted for a proportion of total employment that was at least one and a half times the average for all industries. (See table 1.) To provide a reasonable definition but very broad cov erage, we set the cutoff at 5.1 percent of total employment. E m ploym ent in high technology industries, 1 9 7 2 ,1 9 8 0 , and 1982 [In thousands] High-tech group1 Industry SIC I II Employment Percent change III 1972 1980 1982 1972-80 1972-82 X X X 139.3 495.1 141.2 228.7 159.2 219.6 658.5 161.1 204.8 196.1 281.7 633.9 153.5 182.7 199.8 57.7 33.0 14.1 -10.0 23.2 102.2 28.1 8.7 -20.1 25.5 131 162 281 282 283 Crude petroleum and natural gas............................................. Heavy construction, except highway and street........................... Industrial inorganic chemicals.................................................. Plastic materials and synthetics............................................... Drugs ................................................................................ X X X X X 284 285 286 287 289 Soaps, cleaners, and toilet preparations ................................... Paints and allied products ...................................................... Industrial organic chemicals.................................................... Agricultural chemicals............................................................ Miscellaneous chemical products............................................. X X X X X X X X X X 122.4 68.6 142.8 56.4 90.0 140.9 65.1 174.1 72.0 93.3 145.3 59.7 174.3 67.1 91.5 15.1 -5.1 21.9 27.7 3.7 18.7 -13.0 22.1 19.0 1.7 291 301 324 348 351 Petroleum refining ................................................................ Tires and inner tubes ............................................................ Cement, hydraulic ................................................................ Ordnance and accessories ...................................................... Engines and turbines ............................................................ X X X X X X 151.4 122.1 31.9 81.9 114.6 154.8 114.8 30.9 63.4 135.2 169.0 101.9 28.5 71.4 114.8 2.3 6.0 -3.1 -25.6 18.0 11.6 -16.5 -10.6 -12.8 0.2 352 353 354 355 356 Farm and garden machinery.................................................... Construction, mining, and material handling machinery .............. Metalworking machinery ........................................................ Special industry machinery, except metalworking ....................... General industrial machinery................................................. X X X X X 135.0 293.7 286.0 176.9 267.5 169.1 389.3 373.1 207.3 323.7 130.8 340.9 320.3 179.4 283.2 25.3 32.6 30.5 17.2 21.0 -3.1 16.1 12.0 1.4 5.9 357 358 361 362 363 Office, computing, and accounting machines............................. Refrigeration and service industry machinery............................. Electric transmission and distribution equipment......................... Electrical industrial apparatus ................................................. Household appliances ............................................... X X X. X X X X 259.6 164.4 128.4 209.3 186.9 432.2 174.2 122.5 239.9 163.2 489.7 161.3 110.1 211.8 142.0 66.5 6.0 -4.6 14.6 -12.7 88.6 -1.9 -14.2 12 -25.0 364 365 366 367 369 Electric lighting and wiring equipment ....................... Radio and' TV receiving equipment....................................... Communication equipment..................................... Electronic components and accessories ......................... Miscellaneous electrical machinery............................... X X X X X X X X X X X 204.4 139.5 458.4 354.8 131.7 209.2 108.8 541.4 553.6 152.1 186.9 94.6 555.7 568.7 141.3 2.4 - 22.0 18.1 56 0 15.5 -8 6 —32.2 21 2 60 3 7.3 371 372 376 381 382 Motor vehicles and equipment ................................. Aircraft and parts..................................... Guided missiles and space vehicles ......................... Engineering, laboratory, scientific, and research instruments . . . . Measuring and controlling instruments............ X X X X X X X X X X X 874.8 494.9 92.5 64.5 159.6 788.8 652.3 111.3 76.8 245.3 690.0 611.8 127.3 75.7 244.3 -9.8 31 8 20 3 19 1 53.7 -21 1 23 6 37 5 17 4 53J 383 384 386 483 489 Optical instruments and lenses .................... Surgical, medical, and dental instruments....................... Photographic equipment and supplies.............. Radio and TV broadcasting............................. Communication services, n.e.c.2 ............ X X X X X 17.6 90.5 117.1 142.7 29.7 33.0 155.5 134.6 199.6 66.1 32.5 160.4 138 3 216.4 91.0 87 5 71 8 15 0 39 9 122.6 84 7 77 2 18 1 51 6 206.4 491 493 506 508 737 Electric services......................... Combination electric, gas and other utility services . . Wholesale trade, electrical goods............ Wholesale trade, machinery, equipment, and supplies Computer and data processing services X X X X X 312.0 183.4 331.2 868.6 106.7 391.0 196.7 421.4 1,307.7 304.3 415.1 198 4 434.9 1,344.9 357.5 25 3 73 27 2 50 6 185.2 33 0 ft 2 54 8 235.1 Research and development laboratories ............ Engineering, architectural, and surveying services . . . Noncommercial educational, scientific and research organizations X X X 110.7 339.3 111.8 163.1 544.9 113.5 162 7 568 7 117.8 47 3 60 1 1.5 47 0 67 6 5.4 7391 891 892 1 ■"W.wwvw " 'u u t f u iv u »»IUI u ^ l u y u i u u n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis X X X X X X X X X X 31 3 I l o o m i u iu y y -u i IGIIIGU W U IK C lb ( G l i y i ” neers, life and physical scientists, mathematical specialists, engineering and science technicians and computer specialists) at least 1.5 times the average for all industries. Group II. Includes industries with a ratio of R&D expenditures to net sales at least twice the average for all industries. Group III. Includes manufacturing industries with a proportion of technology-oriented 52 X of R&D expenditures to sales close to or above the average for all industries. Two nonmanufacturing industries which provide technical support to high tech manufacturing industries also are included. 2Not elsewhere classified. y However, we excluded industries with fewer than 25,000 workers. A total of 48 industries makes this the broadest of the three groups. As indicated in table 1, manufacturing industries account for 3 of every 4 industries in this category, with the remainder in mining, construction, transportation and public utilities, and trade and services. Group II. r & d expenditures were the factor used to select this group of industries. We included an industry if its ratio o f R&D expenditures to net sales was at least twice the average for all industries. The cutoff point, 6.2 percent, was set high to capture only those industries, such as drugs and communication equipment, heavily involved in developing new products. Because the National Science Foundation data show little r & d outside of manufacturing, we excluded other industries. This group, with only six industries, is the narrowest of the three groups of high tech industries. The industries, as expected, fall into all three groups. Group III. The criteria for this group are both the utilization of technology-oriented workers and r & d expenditures. In ad dition, we excluded some industries based on their major products. We included manufacturing industries if the proportion of technology-oriented workers relative to total employment in the industry was equal to or greater than the average for all manufacturing industries (6.3 percent) and the ratio of r & d expenditures to sales was close to or above the average fo r all industries (3.1 percent). We added two industries which provide technical support to manufacturing indus tries, computer and data processing services (sic 737) and r & d laboratories. Group III, with 28 industries, provides a scope of cov erage between groups I and II. It excludes most nonman ufacturing industries that are in group I but which have little r & d activity (and therefore little new product development), such as engineering and architectural services and radio and TV broadcasting. The exclusion of nonmanufacturing in dustries is common in definitions of high tech industries. Table 2. Group III also excludes some manufacturing industries found in group I, such as motor vehicles, which did not meet both criteria, and certain machinery industries, which met the criteria, but whose products we did not consider high tech nology. However, using both criteria, we included some manufacturing industries not in group II, such as those in the instruments, chemicals, and electrical equipment groups, industries with moderately high r & ej>to sales ratios that appear on many lists of high technology. Employment trends during 1972-82 Employment in high technology industries, no matter which of the three definitions is used, increased faster than all wage and salary employment between 1972 and 1982. (See table 2.) Group II employment, however, increased signif icantly faster, 39.8 percent, nearly twice as fast as the 20.1percent increase in total employment. Group III employment increased 27.3 percent and group I, only 23.6 percent. Over the period, each group increased slightly as a percentage of total wage and salary employment, group I from 13.1 to 13.4 percent, group II from 2.4 to 2.8 percent, and group III, from 5.8 to 6.2 percent. The contribution of high tech industries to total employ ment growth over this period, no matter how high tech is defined, was relatively small. Group I accounted for 15.3 percent of new wage and salary jobs, group II, 4.7 percent, and group III, 7.9 percent. Growth was not steady. For example, when wage and salary employment declined below its 1980 level during the 1981-82 recession, employment in group I, which includes some cyclical industries, also declined. During this period, employment in group III held steady, and group II continued to grow, despite the recession. Among the industries included in the high technology groups, growth rates varied widely during 1972-82. Com puter and data processing services had the fastest growth, 235.1 percent, followed by communication services, 206.4, crude petroleum and natural gas extraction, 102.2, office, E m ploym ent in three g ro u p s 1 of high technology in dustries, 1972, 1980, 1982, and projected 1995 [In thousands] Projected 1995 employment alternatives Employment Percent change Employment grouping 1972 1980 All wage and salary workers........ 76,547.0 92,611.2 1982 Low Moderate High 1972-80 1972-82 1980-95 Low 1982-95 Moderate High Low Moderate High 115,382.9 117,744.9 120,531.1 21.0 20.1 24.6 27.1 30.1 25.5 28.1 31.1 Group I ................................... 9,989.7 12,550.1 12,349.6 16,260.7 16,612.9 16,931.6 Percent of total employment . . . 13.1 13.6 13.4 14.1 14.1 14.0 25.6 — 23.6 — 29.6 — 32.4 — 34.9 — 31.7 — 34.5 — 37.1 — Group I I ................................... 1,819.4 2,486.9 2,543.0 Percent of total employment . . . 2.4 2.7 2.8 3,517.5 3.0 3,409.6 2.9 3,452.9 2.9 36.7 — 39.8 — 37.1 — 38.8 — 38.3 — 34.1 — 35.8 — Group III ................................. 4,468.9 5,694.8 5,691.1 Percent of total employment . . . 5.8 6.2 6.2 7,746.6 6.7 7,719.8 6.6 7,890.0 6.5 27.4 — 27.3 — 41.4 — 36.0 — 35.6 — 38.5 36.1 — 35.6 — 38.6 — 91 , 950.1 — 1Each group equals the sum of employment in detailed industries listed in Table 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 53 MONTHLY LABOR REVIEW November 1983 • High Technology Today and Tomorrow computing, and accounting machines, 88.6, and optical in struments, 84.7. Radio and TV receiving equipment de clined by 32.2 percent, household appliances by 24.0, motor vehicles by 21.2, and plastic materials and synthetics, by 20.1 percent. Some of the declines in employment are di rectly attributed to the 1981-82 recession. Employment through 1995 Every other year, the Bureau prepares employment pro jections of roughly 12 years by industry under alternative scenarios. The latest projections of moderate, high, and low growth extend through 1995.10 Because of employment de clines in certain industries in 1981 and 1982, projected growth in wage and salary employment and employment in groups I and III is actually greater from 1982 to 1995 than from 1980. in group II, which had increasing employment from 1980 to 1982, this is not the case. For each of the three groups, using either 1980 or 1982 as a base, high tech employment is projected to grow somewhat faster than total wage and salary employment under all three alternatives. (See table 2.) For group II, the low growth alternatives shows higher 1995 employment than the moderate alternative. This is because higher defense spending is assumed in the low alternative than in the moderate alternative, and group II has a high proportion of its employment in three defenserelated industries, communication equipment, aircraft and parts, and guided missiles and space vehicles. In addition, these projections indicate that certain industries which grew very rapidly over the 1972-82 period, including computer and data processing services and office, computing, and accounting machines, will grow at a slower rate over the 1982—95 period, although still well above the average for all industries. High tech and displaced workers. The Bureau’s projections indicate that between 23.4 and 28.6 million new wage and T able 4. P rojected 1 9 8 2 -9 5 grow th in technology-oriented occupations [In thousands] Employment Occupa tional group Change 1982-95 Projected 1995 1982 Low Mod erate High Number Low Percent Mod High Low Mod High erate erate All occupa tions . . . . 101,510 124,846 127,110 129,902 23,336 25,600 28,392 23.0 25.2 28.0 sional . . . 16,584 21,545 21,775 22,325 4,961 5,191 5,741 29.9 31.3 34.6 Technology oriented . . 3,287 4,777 4,795 4,907 1,490 1,508 1,620 45.3 45.9 49.3 salary jobs will be created between 1982 and 1995. We estimate that between 1.0 and 4.6 million of these jobs will be in high technology industries. Growth in group I will account for 16 or 17 percent of all new jobs, depending on the projection used, while growth in group II will account for 3 or 4 percent and group III, 8 or 9 percent. The great majority of new jobs will be in industries other than high technology. Therefore, displaced workers and others seek ing jobs, and governmental and community organizations seeking to attract jobs to their regions, would be well advised not to limit their search to high tech industries only. One additional factor may have a negative effect on the ability of high tech industries to save economically de pressed industries and provide jobs for displaced workers. The occupational composition of many rapidly growing high tech industries is significantly different from other manu facturing industries that have suffered in recent years. For example, about three-fourths of the workers in the blast furnaces and basic steel industry and the motor vehicles industry are blue-collar workers. These are the workers who have been displaced. However, many high tech industries, especially those projected to grow the fastest, have a much smaller proportion of their workers in these occupations. (See table 3.) High technology occupations Table 3. O ccupational distribution in selected rapidly g row ing high-technology industries and the m otor vehicle m anufacturing and blast furnaces and basic steel in dustries, 1980 [In percent] Occupation Total.............. White-collar.......... Tech-oriented. . . . Engineers Life and physical scientists . . . Mathematical specialists. . . Engineering and science technicians . . Computer specialists. . . Blue-collar............ Service . . . . . . 54 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Office, computing, Electronic and accounting components machines Computer and data processing services Blast furnaces and basic Motor vehicles steel products 100.0 66.3 27.3 11.9 100.0 37.7 15.0 7.2 100.0 96.0 26.0 1.7 100 0 17 7 39 1.8 .1 .2 .1 .2 (1) (1) (3) (1) 1.5 4 80 2 2.1 8.8 6.4 2.7 6.5 32.7 1.0 1.2 61.0 1.3 21.2 3.4 .6 100.0 20.2 5.9 3.4 1.7 .5 76.8 3.0 High technology occupations have also been the subject of much concern recently, although here too data on current and projected employment and clear definitions of what occupations are included have been lacking. Occupations which clearly meet the definition of high technology workers are engineers, life and physical scien tists, mathematical specialists, engineering and science technicians, and computer specialists. Most workers in these technology-oriented occupations are directly involved in de veloping or applying new technologies.11 Their work re quires in-depth knowledge of theories and principles of science, engineering, and mathematics underlying technol ogy— a knowledge which distinguishes them from computer operators, computer service technicians and other high tech machinery repairers, or workers in a wide range of occu pations who use word processing machines, computers or other high technology products, but rarely have— or need— such in-depth knowledge. Workers in these technology- oriented occupations generally need specialized post-high school education in some field of technology— ranging from an associate degree or its equivalent to a doctorate— edu cation with a thorough high school preparation in science and mathematics as a prerequisite. Technology-oriented workers, while essential to the de velopment of technology, are relatively few in number and will account for a relatively small proportion of new jobs through 1995. In 1982, technology-oriented employment totaled 3.3 million, or about 3.2 percent of total employ ment. (See table 4.) Through 1995, this employment is projected to show growth ranging from 45.3 to 49.3 percent, much faster than the 23- to 28-percent increase projected for all wage and salary workers. This growth is expected to generate between 1.5 and 1.6 million new jobs over the 13-year period. These occupations are projected to account for 6 percent of all new jobs in the economy, roughly the same proportion as during the 197CTs. Local employment levels High technology employment is not expected to take up the slack in job generation caused by the long-term decline in heavy durable goods industries, including those we have defined as high tech. What is true for the Nation as a whole of course, does not hold for certain States and areas. (See charts 1 and 2.) High technology employment can have a C h art 2. T h e proportion of high technology w orkers by State in six industries1 com pared w ith the average for all industries, 1982 0 to 49 percent EMSj 50,0 99 | | 100 to 199 200 and above 11ndustries in which the ratio of R&D expenditures to net sales is at least twice the national average. Group II in text. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 55 MONTHLY LABOR REVIEW November 1983 • High Technology Today and Tomorrow Table 5. M etropolitan areas ranked by high technology em ploym ent levels and percentages of total nonaq ricultu ral em olovm ent in three States, Septem ber 1982 [In t h o u s an d s] Group 1 State SMSA1 Number of employees Group II Percent SMSA1 Number of employees Group III Percent SMSA1 Number of employees C al i f or n i a, t o t a l ..................................... 1,523.3 6 16.3 930.0 T o p 5 a r e a s , total 1,3 2 1 .1 574.5 848.4 .............................. T o p 5 a r e a s a s p e r c e n t o f S t a t e ’s h i g h t e c h e m p l o y m e n t ............... T e x a s , total 86.7 606.3 17.2 Lo s An geles 2 59.5 7.4 261.3 37.5 San Jo s e 169.5 24.3 Anaheim 175.7 20.9 Anaheim 78.4 32.7 9.3 Anaheim 121.3 14.4 1 7 3 .0 1 1. 1 San Die go 45 .1 6.8 S an Fra ncisco 67.4 4.3 15.8 San Francisco 22.0 1.4 S an Die go 67.0 10.1 1,016.8 154.4 3 62.3 739.2 134.0 2 86.3 72.7 86.8 79.0 Houston 349.1 22.0 D al la s 102.0 6.6 D al l a s 284.5 18 .4 Ho u st o n 10 .4 .7 Houston 86.9 5.5 San An ton io 3 6 .4 8.7 Austin 10.4 3.8 Beaumont 24.0 Beaumont 16.2 35.3 23.8 San Anton io 7 .1 1.7 Au stin Austin 21.6 33.9 8.1 12.6 Lubbock 4.3 4.8 S an An ton io 12.9 3. 1 623.4 .............................. T o p 5 a r e a s a s p e r c e n t of S t a t e ’s h i g h t e c h e m p l o y m e n t ............... 10.4 2 27.7 1 0 4 .8 ...................................... T o p 5 a r e a s , t otal 3 65.0 San Diego T o p 5 a r e a s a s p e r c e n t of S t a t e ' s M i c h i g a n , total Lo s An g ele s San Jose S an Francisco .............................. h i g h t e c h e m p l o y m e n t ............... 91.2 Lo s A n geles San Jo se ............................................. T o p 5 a r e a s , total 93.2 Percent D e t ro i t D a l la s 140.9 28.8 118.4 490.3 24.5 88.3 78.6 85.1 9.1 74.6 325.5 21.0 D e t ro i t 11.7 .8 Flint 48 .1 3.1 59.2 33.9 K a la mazoo 7.9 7.5 G ra n d R apid s Ailn A r b o r 15.8 37.4 28.5 Muskegon 2.2 3.9 Ka la m a zoo G ra nd Rapid s 34.9 10.6 13.3 6.0 10.0 G ra n d Rapid s 1.4 .6 Ann Arbor Lansing 9.5 7.2 33.3 18.6 Ben to n H a r b o r 1.3 2.4 Muskegon 4.3 7.6 D et r o i t ' S t a n d a r d M e t r o p o l i t a n Sta ti st ica l A r e a large impact on a local economy. Local success stories include California’s Silicon Valley and the Route 128 area in Massachusetts and New Hampshire.12 In a relatively short period, these areas have developed substantial industrial bases built on high technology industries. We analyzed data on the distribution of high technology employment in three States— California, Michigan and Texas. The results are shown in table 5 .13 Regardless of the definition used, we found most em ployment to be located in the largest metropolitan areas. The top five areas in each State accounted for between 72.7 and 93.2 percent of the high tech jobs, depending on the State and definition used. Nonagricultural employment in these areas ranged from 63.7 to 74.2 percent of all em ployment in each State. Thus, the distribution of high tech nology employment appears to be concentrated within the States. In California, the Los Angeles area, with a large aero space industry, shows the highest level of high technology employment by a large margin over San Jose. However, the San Jose area, which contains “ Silicon Valley,” has the highest proportion of high tech jobs in California, re gardless of definition. In the San Jose area, from a quarter to more than one-third of the jobs are in high tech industries. Texas ranked second, third, and fourth in the number of high technology jobs. Because of its size and large em ployment base, however, it ranked no higher than eighth in the proportion of workers in high tech jobs. When scruti nized at the metropolitan level, however, several Texas areas emerge as high technology centers. 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dallas provided over 100,000 high technology jobs, re gardless of definition. The Houston area is also a major source of jobs, while Beaumont shows a large proportion of high tech jobs in groups I and III, primarily because of its chemical and petroleum refining industries. Michigan has a high proportion of high technology jobs in group I, which includes auto manufacturing. (See table 6). With groups II and III, Michigan ranks 14th and 39th among all States. Detroit, under the group III definition, shows almost 50,000 high technology jobs, and the Kala mazoo area displays a smaller proportion of high tech work ers (7.5 and 10.0 percent in groups II and III). Outside of those two areas, high technology industry does not appear to be a major factor in the Michigan economy unless auto manufacturing remains in the high technology definition. If we look at the nonmetropolitan proportion of high tech employment in the three States, we find that California has 1.6 percent in group I, .4 percent in group II, and .5 percent in group III; Texas, 10.4, 4.0, and 5.8; and Michigan, 9.5, 7.8, and 15.6. Few counties outside metropolitan areas have many high tech jobs. (Hutchinson County in Texas is an exception, with more than 5,000 in group I, and almost 2,500 in group III.) Employment by State In 1982, the share of the Nation’s high technology em ployment in the 10 States with the highest levels of high tech employment ranged from 57.4 to 66 percent among our three groups, while these States had only 54.1 percent of the total U.S. nonfarm employment. (See table 6.) Eight States— California, New York, Texas, Massachusetts, New Jersey, Florida, Illinois, and Pennsylvania, appear on all three lists. All were also among the 10 States with the most nonagricultural employment in 1982. Only two States not among the top 10 in employment appear on the three lists— Washington and Connecticut— largely because each had more than 10 percent of the national employment in aircraft and parts (sic 372), which appears in all three high tech nology definitions. California not only heads each list but does so by a large margin. New York’s total nonagricultural employment was 74 percent of California’s in 1982, but it had only half of California’s high technology employment in group III, and about a third of its group II employment, illustrating the importance of definitions. Has the concentration of high tech employment within the larger States increased over the last several years? The following shows the percentage of total U.S. high technol ogy employment in the top 5 States under each definition for selected years from 1975 to 1982: 1975 Group I .................. Group II ................ Group I I I ................ 1977 38.4 46.7 41.6 37.8 47.1 40.9 1979 1982 38.3 47.6 40.4 37.4 47.5 40.7 The concentration of high technology employment in the largest States does not appear to be increasing, regardless of the definition used. As we have seen, comparing a State's high technology employment to its total nonagricultural employment pro duces a much different picture than looking at absolute lev els. Small States appear on these lists, as a broad spectrum of industries in large States tends to overshadow small groups of emerging industries. Only under the broadest definition— group I— do as many as 5 of the 10 States with the most nonfarm employment qualify. Under the most restrictive definition— group II— only two large States are included. Table 6. E m ploym ent in three groups of high technology industries in 10 S tates with highest levels of high technology em ploym ent, annual ave ra g e s ,1 1982 [In t h o u s an d s] Group 1 Tota l, U . S . Group II 13,038.3 Group III T ot al, U . S . 2,633.7 T otal, U . S . 5,943.4 1 ,737.4 T o p 1 0 S ta t es 3,566.6 T o p 1 0 S t at e s 7,489.5 T o p 1 0 S t at e s Ca l i f or n i a 1,52 7 .5 C a l i fo r n i a 610.6 Texas 1,06 8 .4 C a l i f or n ia 9 33.1 New York 205.3 New York 493.4 9 24.0 Massachussetts 160.7 Te xa s 3 72.0 O hio 6 83.0 Te xa s 1 5 7 .6 N e w Je r se y 3 16.8 I ll inoi s 672.0 N e w Je r se y 116.9 Massa c hu ss etts 3 05.5 108.1 Pen nsylvania 277.0 New York Michigan 6 51.0 F lo r i d a P e n n sylvania 6 15.4 Co n n e cti cu t New Jersey 5 21.7 Ill inoi s Massachusetts 4 50.0 Pen nsylvania F lo r i d a 3 76.5 W ashington 90.2 98.5 I ll inoi s 2 61.5 96.2 Oh io 247.8 93.3 C o nnecticut 185.8 F l o ri d a 173.7 ' B e c a u s e f o u r t h q u a r t e r 1 9 8 2 d at a w e r e n o t a va i la b le at t he t i m e of p u b l i c a t i o n , a 9 m o n t h a ve rage w a s used. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 7. High technology em ploym ent as a percent of total nonagricultural em ploym ent in top 10 States under th ree definitions, 1982 annual a v e ra g e 1 Group 1 Total, U.S. Delaware.......... New Hampshire . . Michigan.......... Connecticut........ Vermont............ Indiana.............. Massachussetts Texas................ New Jersey........ Kansas.............. Ohio................ Group II 13.4 24.0 21.0 20.4 20.3 18.9 17.6 17.2 17.0 16.9 16.5 16.5 Total, U.S. 2.8 New Hampshire . . 7.2 Vermont............ 7.0 Connecticut........ 6.9 Arizona............ 6.8 California.......... 6.2 Massachussetts 6.1 Washington........ 5.7 Kansas.............. 4.7 Utah................ 4.2 Colorado.......... . 3.9 Group III Total, U.S. Delaware.......... Connecticut . . . . New Hampshire . . Vermont.......... Massachussetts New Jersey . . . . California.......... Arizona............ Washington . . . . Kansas ............ 6.2 16.2 13.0 12.5 11.7 11.7 10.3 9.5 9.0 8.2 7.8 19 m o n t h a v e r a g e . It is noteworthy that Massachusetts, despite its size, is on all three lists. (See table 7). Turning again to group I, we find 46 States had 10 percent or more of their nonagricultural employment in high tech nology industries. However, in group II no State had more than 7.2 percent of high tech employment. The performance of Delaware under the three definitions is quite interesting. It tops groups I and III with 24.0 and 16.2 percent of its nonfarm employment in high technology. In group II, however, Delaware places 42nd in the Nation, with only .8 percent. Groups I and III both include the entire chemical manufacturing industry (sic 28). Group II only includes drug manufacturing (sic 283). Because more than 10 percent of the total employment in Delaware is in chem ical manufacturing (about 10 times the national proportion), any high technology definition which includes the entire chemical industry places Delaware at or near the top in the proportion of high tech employment. A regional pacesetter The relative importance of high technology among States, however, no matter how defined, shows that the New En gland States lead other regions in the proportion of high technology employment. The New England area has pro vided the ideal environment for these industries. Preeminent educational institutions provide the needed skilled workers. Also, for many decades the area has had a decaying indus trial base. In 1947, Massachusett’s leading nondurable man ufacturing industries were textiles, apparel, and leather, with a total employment of almost 250,000 workers. In 1982, employment in those industries totaled slightly more than 75,000 workers. The departure of the textile and apparel industry to the South and overseas left behind an industrial infrastructure, coupled with an awareness of the need to attract and foster industrial development. New England States (with the exception of Massachusetts) also tend to be small, making, as noted, the impact of high technology employ ment more noticeable.14 Although for the Nation as a whole, high technology industries generated only between 4.7 and 15.3 percent of the new jobs in the United States during 1972-82, several 57 MONTHLY LABOR REVIEW November 1983 • High Technology Today and Tomorrow States showed greater growth. Even in narrowly defined group II, nine States saw high tech jobs account for 10 percent or more of the rise in their total employment between 1975 and 1982. In Massachusetts, growth exceeded 18 per cent. (See table 8.) Maine, absent from the top 10 in per centage of high tech employment, appears to have experienced significant job generating effects from high tech expansion under the group II definition. However, care must be used in analyzing the impact of high technology growth in a State. A State may register a large increase in high tech jobs in a generally expanding economy, or a modest gain in a stagnant economy. Ex amples of both situations appear in all three groups of high tech industries. Massachusetts, which tops groups II and III and ranks fourth in group I, is an example of the first sit uation. Massachusetts ranked 10th in total job creation be tween 1975 and 1982 and depending on definition, 3rd, 2nd, or 4th in high tech job generation. South Dakota, which ranks 1st, 8th, and 3rd in percentage growth of high tech jobs, added a total of only about 20,000 new jobs, one of the smallest increases in the country. However, a large Tab le 8. High technology em ploym ent grow th as a p ercentage of total nonagricultural em ploym ent grow th in top ten States, 1 9 7 5 -8 2 , under three definitions Group I Group II Tota l, U . S . S o u t h Da kota . . . N e w H am psh ir e . . 21.0 Tota l, U . S . 49 .1 Massachussetts Group III 5.8 T otal, U . S . 11.3 18.3 Massachussetts 30.0 43 .1 N e w Hampshire 15.8 V e r m o n t ................... 26.9 38.7 V e r m o n t ...................... 11.5 S o u t h Da kota . . . 25 .1 . . Massachussetts 35.2 A r i z o n a ....................... 10.6 N e w Ha m psh ire . . 25.0 N e b r a s k a ................... 33 .1 M a i n e .......................... 10.1 C o n n e c ti c u t 21.4 R h o d e I sla nd. . . . 32.6 C a l i f o r n i a ................... 10.0 I d a h o .......................... 19.9 I d a h o .............................. 32.4 O r e g o n .......................... 10.0 M a r y l a n d ................... 19.9 M o n t a n a ....................... 31.5 S o u t h Dakota . . . 10.0 Di s t r i c t of D e l a w a r e ................... 30.7 W a s h i n g t o n ............... 10.0 C o l o r a d o ................... 30.3 Rh o d e Isla nd. . . . 9.1 Colum bia R h o d e I s l an d . . . . . . . . 19.8 . . . 19.2 O r e g o n ....................... 18.0 proportion (10.0 to 49.1 percent— according to definition) were high tech, such as those within electrical and non electrical machinery manufacturing (sic 35 and 36). It that even when high tech is very broadly defined, as in group I, it has provided and is ex pected to provide a relatively small proportion of employ ment. Thus, for the foreseeable future the bulk of employment expansion will take place in non-high tech fields. s h o u l d b e r e i t e r a t e d FOOTNOTES 1Robert Vinson and Paul Harrington, Defining High Technology Indus tries in Massachusetts (Boston, Mass., Department of Manpower Devel U.S. Industries” (Washington, U .S. Department of Commerce, Bureau of Industrial Economics, Industrial Economics Review, Spring 1982), p. 12. opment, September 1979.) l()See Arthur J. Andreassen, Norman C. Saunders, and Betty W. Su, “ The economic outlook for the 1990's: three scenarios for economic growth;" Valerie A. Personick, “ The job outlook through 1995: industry output and employment projections,” and Howard N Fullerton and John Tschetter, “ The 1995 labor force: a second look,” elsewhere in this issue. 21bid. 3Technology, Innovation, and Regional Economic Development (Wash ington, U.S. Congress, Office of Technology Assessment, Sept. 9, 1982). This 14-page report describes a project to assess the implications of high technology to include factors which promote the development of high technology industries in States and localities. 4An Assessment of U.S. Competitiveness in High Technology Industries (Washington, U .S. Department of Commerce, International Trade Ad ministration, February 1983), 68 pp. See, particularly, Appendix A, “ De fining Technology Intensive Trade,” pp. 3 3-37. 5 Ibid. See also Michael Boretsky, “ Concerns About the Present Amer ican Position in International Trade,” Technology and International Trade (Washington, National Academy of Sciences, 1971), and “ The Threat to U.S. High Technology Industries: Economic and National Security Im plications,” draft (Washington, U .S. Department of Commerce, Inter national Trade Administration, March 1982). Ibid. See also Regina Kelly, “ Research and Development in U.S. Trade in Manufactures,” paper prepared for International Economics Course, George Washington University, 1974, and “ The Impact of Technological Innovation on International Trade Patterns,” Staff Economic Report, (Washington, U .S. Department of Commerce, Office of Economic Re search, December 1977). 7 Ibid. See also C. Michael Aho, and Howard F. Rosen, “ Trends in Technology-Intensive Trade,” Economic Discussion Paper 9 (Washing ton, U.S. Department of Labor, Bureau of International Labor Affairs, October 1980). 8 Ibid. See also Lester A. Davis, “ Technology Intensity of U.S. Output and Trade,” (Washington, U.S. Department of Commerce, International Trade Administration, July 1982.) 4 Ann M. Lawson, “ Technological Growth and High Technology in 58 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11 Some managerial jobs also involve the development and application of technology, and many of these jobs are filled by workers transferring from these “ technology-oriented” occupations. Data are not available to identify this group. 12 “ America Rushes to High Technology for Growth,” Business Week, March 28, 1983, p. 87. 13The industry employment statistics cited in this study are from two Bureau of Labor Statistics payroll employment programs. The industry classifications are taken from the 1972 Standard Industrial Classification Manual, Office of Management and Budget. Employment estimates for the Nation were compiled from the Current Employment Statistics program. These data are produced from employer payroll records reported to the Bureau on a voluntary basis each month. Self-employed persons and others not on a regular civilian payroll are outside the scope of the survey. State and county data were compiled from the ES-202 program, which collects information on the employment and wages of workers covered by unemployment insurance programs. Each quarter all covered employers submit mandatory reports of employment and wages to the appropriate State Employment Security Agency. _These reports are edited and sum marized by county, State, and detailed industry, and forwarded to the Bureau. Self-employed persons are not covered in this statistical program. 14 For more on the factors which enabled New England to become a leading area in high technology, see Lynn E. Browne and John S. Hekman, “ New England’s Economy in the 80’s ,” New England Economic Review, January/February 1981, pp. 5 -1 6 . Import prices decline, export indexes mixed in the first 6 months of 1983 Lower oil prices and the strength o f the dollar were major factors in import-export price developments during the first half o f the year; the Nation s strong economic recovery relative to the performance abroad also affected U.S. foreign trade prices M ark J. Johnson U.S. import prices, as measured by the Bureau of Labor Statistics International Price Program, fell 2.8 percent in the first half of 1983, after falling 2.9 percent for all of 1982.' (See table 1.) The import price drop contributed to the greatly reduced rate of increase in domestic inflation, as measured by the Consumer Price Index and the Producer Price Index.2 At the same time, however, the strength of the U.S. dollar abroad and the slow pace of the worldwide economic recovery moderated price rises for U.S. exports. The price indexes discussed in this article, which are not seasonally adjusted, are based on transaction price infor mation provided by a sample of importers and exporters and their products.3 They represent 100 percent of the value of all imported products, and 83 percent of the value of all exported products. Indexes are published for 60 detailed and aggregate categories of imports and exports. An overview Crude oil prices, which account for 25.8 percent of the weight o f the all-import price index, fell 13.6 percent during the first half, exerting substantial downward pressure on the index. The all-import index, excluding crude petroleum, Mark J. Johnson is an economist in the Division of International Prices, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rose by 0.9 percent during the first half, compared with a 2.5-percent decline for all of 1982. Partially offsetting the price decrease for crude oil were increases in the indexes for nonferrous metals and for machinery and transport equip ment, which rose 13.0 and 2.6 percent. The strong U.S. dollar was a major factor affecting the all-import price index. During the first half, the dollar rose 5.0 percent vis-à-vis the currencies of our major trading partners. (In the first quarter, the dollar depreciated against the German Deutschemark and the Japanese yen, but reg istered a net first-half appreciation against the Deutschemark and little net change against the yen.) Between July 1980 and June 1983, the dollar appreciated steadily, rising 47.9 percent.4 (See chart 1.) This sustained rise in the dollar’s value tended to lower the price of imported goods priced in dollars, but acted to raise the price of U.S. goods sold in foreign markets. The dollar’s appreciation against certain currencies was especially strong. From June 1982 to June 1983, the dollar rose 212‘.3 percent against the Mexican peso, 208.5 percent against the Brazilian cruzeiro, 16.5 percent against the French franc, and 13.5 percent against the British pound. The nascent U.S. economic recovery in the first half boosted demand for imports by consumers and producers. Personal consumption spending increased 5.7 percent, and consumer spending on durables rose 9.6 percent.5 Respond- 59 MONTHLY LABOR REVIEW November 1983 • Import and Export Price Indexes ing to healthier consumer spending, many sectors of the economy increased output, and demand for imported inputs to manfacturing processes grew. U.S. industrial production rose 8.3 percent during the first half. Especially important were the sharp production increases in the auto and housing industries. Domestic auto production advanced 24.3 percent in the first half over the corresponding weak period in 1982,6 generating additional demand for imported inputs such as engines, rubber, and aluminum. With interest rates lower, U.S. housing starts rebounded strongly in the first half from their worst year since 1946, finishing 78.7 percent above the corresponding period in the previous year.7 Moreover, new construction put in place during the first half totaled $115.6 billion, compared with $106.3 billion for the first half of 1982. Growing construc tion activity meant increased business for suppliers of prod ucts such as lumber, appliances, and copper. Key export price indexes registering increases were those for grain and intermediate manufactured products, which rose 14.5 and 2.1 percent.8 (See table 2.) However, the index for bituminous coal fell 12.6 percent in the first half. Export prices and total dollar values were heavily affected by the strong dollar; U.S. merchandise exports of $98.4 billion in the first half were off 11.0 percent from their level of $110.6 billion in the corresponding period last year.4 The slower pace of economic recovery among both in dustrialized and developing nations also dampened demand for U.S. exports. The European Economic Community ( e e c ), Table 1. which includes major U.S. trading partners, experienced very little economic growth in the first half. In particular, the economies of France and Italy continued to decline, while Germany and Britain experienced growth much less than that of the United States. The economy of Mexico, the Nation’s third-largest trading partner, contracted signifi cantly, while demand for U.S. exports by many other oil exporting nations fell as oil revenues declined. Debt problems among developing nations were a major factor in the sharp reduction of U.S. exports to these nations. In the first half, exports to developing nations were $36.4 billion, off 16.1 percent from $43.4 billion in the first half of 1982.10 In recent years, approximately 40 percent of U.S. merchandise trade (both exports and imports) has been with developing nations. (See chart 2.) However, about 40 na tions, including such developing nations as Mexico, Brazil, and Liberia, have recently undertaken economic austerity programs that include reduced spending for imports, in order to conserve scarce foreign exchange to service their inter national debts. A case in point is Mexico, which purchased $4.4 billion of U.S. m erch an d ise e x p o rts in the first half of 1983, compared with $7.2 billion in the first 6 months of last y ear.11 The decline in total exports was a major factor in the record-setting merchandise trade deficit of $23.5 billion for the first half. This compares with deficits of $12.0 billion in the first half of 1982 and $36.4 billion for all of that year. In the first 6 months of 1983, merchandise imports of $121.9 billion were down slightly from $122.6 billion in the first C hange in selected im port price indexes in the first half of 1983, and share of total trade value Share of total 1980 trade value Commodity Ail commodities, except chemicals1 Fuels and related products.................. Crude petroleum............................. Percent change in— First First Second half quarter quarter 96.524 -2.8 -2.8 0.0 32.776 -12.3 -10.2 -2.4 25.799 -13.6 -10.8 -3.2 Food ............................................... Coffee, tea, cocoa........................... Coffee....................................... Tea........................................... Sugar, sugar preparations, and honey . 6.554 1.2 1.1 2.241 4.0 2.2 1.644 -1.5 -2.8 0.054 9.8 4.8 0.925 3.9 0.0 Meat ............................................... Meat of bovine animals .................. Meat and edible meat offals ............ Other prepared or preserved meat . . . 0.977 -3.8 -1.0 -2.9 0.652 6.5 2.8 3.6 0.243 -13.4 -3.0 -10.7 0.234 -13.8 -3.2 -11.0 Fish.................................................. Fresh fish ..................................... Shellfish ....................................... Fish in airtight containers................ 1.088 -1.1 -0.5 -0.6 0.477 -2.5 0.9 -3.3 0.459 0.1 -1.5 1.6 0.126 -1.3 -1.0 -0.3 Crude materials................................. Cork and wood............................... Flardwood and softwood lumber . . . Wood pulp ................................... Sulphate or soda wood pulp ........ 4.275 (2) (2) (2) 0.865 25.0 6.8 16.9 0.822 26.8 7.6 17.8 0.708 -2.3 -1.9 -0.4 0.563 -2.7 -1.8 -0.9 available in each category, see U.S. 60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Im port and Export Price Indexes, 0.1 1.7 1.3 4.7 3.9 USDL-83-77 Commodity Share of total 1980 trade value Intermediate manufactured products....................... Nonferrous metals............................................ Silver and metals of the platinum group.......... Copper ...................................................... T in ............................................................ Zinc .......................................................... Iron and steel.................................................. 13 520 3 123 1.037 0.581 0.323 0.135 3.127 Cork and wood manufactures ............................... Plywood and veneers....................................... 0 486 0.267 Nonmetallic mineral manufactures......................... Cut and polished diamonds............................... Machinery and transport equipment....................... Road vehicles and parts................................... Automobiles................................................ Metalworking machinery................................... Machinery specialized for particular industries . . . . Office machines and automatic data processing equipment .................................................. Miscellaneous manufactures................................. Footwear ........................................................ Clothing ........................................................ Photographic apparatus and supplies, optical goods, watches and clocks ........................... 2Data are not available. Percent change in— First First Second half quarter quarter 2.9 13.0 17.0 16.4 - 11.0 1.1 - 2.2 1.3 6.9 13.6 7.6 6.5 - 1.2 1.6 5.8 3.0 8.2 4.3 0.1 2.0 -0.3 9.5 7.9 3.3 4.0 6.0 1 944 0.937 5.9 10.4 3.1 3.9 2.8 25.442 10 887 7.201 0.755 1.998 2.6 1.8 0.8 2.1 1.9 3.7 4.6 1.7 0.4 1.3 0.6 5.2 -1.4 3.9 0.7 1.217 2.4 2.6 - 0.2 - 3.7 6.3 9.794 - 1.0 -0.3 -0.7 1.232 -1.5 0.2 -1.7 2.666 - 1.0 - 1.0 0.0 1.162 1.0 2.4 -1.4 half of 1982, but nonoil imports, at $98.4 billion, were up 4.9 percent from $93.8 billion during the same period a year earlier. (Petroleum imports of $23.5 billion were off 18.4 percent from their level of $28.8 billion in the cor responding period of 1982.12) In addition, the U.S. current account, which incorporates the balance on merchandise trade and the balance on services (which includes payments on investments abroad) was in deficit by $13.3 billion in the first half, after recording a deficit of $11.2 billion in 1982 and a surplus of $4.6 billion in 1981.13 Gross trade as a percentage of U.S. final goods production is a measure of the importance of foreign trade to the goods sector of the econom y.14 Because of the decline in U.S. export dollar values, the increase in domestic final goods production, and the lack of change in import dollar values, this proportion stood at 27.4 percent in the first half of 1983, down from 29.9 percent in the first half of 1982. In 1970, this figure was 15.9 percent. C hart 1. Trad e-w eig h ted exch an g e rate of the U.S. dollar, January 1 9 8 0 -J u n e 1983 Exchange rate index (March 1973 = 100) Import developments Crude oil. The 13.6-percent drop in crude oil import prices during the first half of 1983 followed a 3.9-percent decline for all of 1982. Pressure for the price drop had been building for 2 years, in the form of sluggish economic growth, in creased substitution of other energy sources for oil, the strong dollar, and continued conservation. In addition, the warm winter of 1982—83 allowed U.S. oil companies to draw down inventories and postpone purchases in antici pation of price drops. On the supply side, decontrol of prices in the United States, rising production by other non-OPEC producers, and sales in excess of production quotas by some o p e c members put further downward pressure on prices. One result of these factors was the March 1983 decision by o p e c to reduce its base price for a barrel of oil from $34 to $29. This action, the first cut in quoted prices in o p e c ’ s 23-year history, brought the organization’s prices in line with those of non-OPEC producers, such as Mexico, Britain, the Soviet Union, and Norway. In 1982, U.S. consumption of crude oil fell for the fourth consecutive y ear.15 This trend continued during the first half of 1983. While the economy was recovering strongly from the recession, total oil consumption remained 3.5 percent below the level set during the first half of 1982.16 U.S. imports of crude were 2.82 million barrels per day (mbd), down 10 percent from 3.14 mbd in the corresponding 1982 period,17 primarily because of the decline in consumption and the production effects of decontrol. In the first half, energy imports (including crude oil, petroleum products, coal, natural gas, and electricity) were 15.3 percent of total U.S. energy consumption, down from 15.6 percent in the first half of 1982.18 Conservation was important in the drop in U.S. demand for oil, despite the fact that retail prices declined for many products. Much of the conservation was part of the contin https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S o u r c e : Federal Reserve Bulletin (Washington, Board of Gover nors of the Federal Reserve System), July 1983, table 3.28. uing response to the large oil price runups in 1973 and 197980. Gasoline use was off 0.6 percent in the first half from the same period a year earlier, reflecting the effect of price increases on demand, the greater efficiency of the U.S. vehicle fleet, and continued diesel penetration.19 The av erage retail price of gasoline fell to $1.12 per gallon during the first half of 1983, an annual rate of decline of 6 percent.20 Still, first-half average gasoline prices were up 225 percent from their level in the first half of 1973, the year that crude oil prices quadrupled, while the total Consumer Price Index rose only 127 percent.21 Demand for home heating oil fell 8.4 percent from the first half of 1982, due to the warm winter and a drop in the number of domestic burners.22 The average price of home heating oil was $1.11 in the first half, down from the 1982 average of $1.19 per gallon and the 1981 average of $1.21 per gallon.23 Utilities and industrial users have switched to nonoil en ergy sources while increasing conservation efforts. Residual fuel, the type used by utilities to generate electricity, has been steadily displaced by coal, nuclear, and hydroelectric power. In 1982, U.S. utilities burned 50 percent less oil while producing 440 percent more nuclear power than they did a decade earlier.24 Most industrial users have also found ways to use less oil. For example, many steelmakers have converted to continuous casting technology, a process that uses 40 to 60 percent less energy than conventional mills. In recent years, cement plants continued to switch from oil to coal firing.25 61 MONTHLY LABOR REVIEW November 1983 • Import and Export Price Indexes Table 2. C hange in selected e xp ort price in d e xe s1 in the firs t half o f 1983 and share of tota l trade value Share Perceit change in— of total 1980 First First Second Commodity trade half quarter quarter value Grain and grain preparations............................... 8.341 14.5 7.2 6.8 0.2 Wheat.......................................................... 2.943 -0.8 -1.0 Yellow corn .................................................. 3.956 25.7 13.1 11.2 Other grain ................................................. 0.522 (4 (2) (2) Yellow sorghum ........................................... 0.498 22.3 10.0 11.2 Crude materials ............................................... Oilseeds and oleaginous fru it........................... Soybeans .................................................. Textile fibers ............................................... Cotton...................................................... Metalliferous ores and metal scrap ................... Scrap metal of iron or steel ......................... 10.948 3.024 2.716 1.813 1.341 2.062 0.566 (2) (2) 5.0 -2.0 6.7 -0.2 11.2 2.5 17.3 4.4 (2) (2) 16.0 7.4 (2) 7.2 7.0 8.5 12.3 (2) 8.0 Fuels and related products ................................. 3.691 (2) (2) (2) Bituminous coal ........................................... 2.088 -12.6 -2.6 -10.2 Intermediate manufactured products..................... Nonferrous metals......................................... Silver........................................................ Copper ...................................................... Aluminum.................................................. Leather and furskins ..................................... Iron and steel............................................... 10.544 2.1 1.5 2.280 10.7 8.0 0.772 28.7 28.0 0.204 3.9 3.9 0.919 7.4 0.9 0.200 2.8 0.2 1.438 -2.0 -2.8 0.6 2.5 0.5 0.0 6.5 2.6 0.7 Machinery and transport equipment ..................... General industrial machinery and parts.............. Telecommunications equipment ....................... Electrical machinery and equipment.................. Other transport equipment............................... General aviation aircraft and helicopters............ 35.261 1.0 0.4 4.939 1.0 0.8 1.590 1.2 0.7 4.738 -0.1 -0.7 2.4 1.5 2.718 0.479 2.7 2.0 0.5 0.3 0.5 0.6 0.9 0.7 Miscellaneous manufactured articles.................... 7.397 (2) (2) (2) - Professional, scientific, and controlling instruments and apparatus........................... 2.437 4.2 2.6 1.6 Photographic apparatus, optical goods, watches and clocks ................................... 1.187 -2.3 -3.5 1.2 Tor all of the indexes available in each category, see U.S. Im port and Export Price Indexes, USDL-83-77 (Bureau of Labor Statistics), Aug. 11, 1983. 2Data are not available. The strong dollar has also played an important part in holding down oil prices. Because the dollar appreciated strongly against the currencies of most major industrialized nations in the last three years, those nations have had to pay larger amounts of their currencies to obtain dollars to purchase oil. This has further depressed oil demand in world markets. The United States continued to import an increasing per centage of its crude oil needs from non-OPEC sources during the first half, part of a trend that gained momentum during 1982. Leading suppliers were Mexico, at 849,000 barrels per day, Canada, at 523,000, Venezuela, at 401,000, and Britain, at 348,000. Of these, only Venezuela is an o p e c member, o p e c members supplied 31.9 percent of U.S. oil imports, compared with 42.0 percent during 1982 and 55.4 percent in 1981.26 The level of crude oil imports from Saudi Arabia is especially noteworthy: in the first half, the United States imported an average of 179,000 barrels per day of Saudi crude, compared with 552,000 barrels per day in 1982 and 1.1 million in 1981. Food. The price index for food imports rose 1.2 percent during the first 6 months of 1983, after rising 0.2 percent for all of 1982. Food imports totaled $8.5 billion in the first half, compared with $7.6 billion during the same period a 62 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis year earlier. The food index is one of the most volatile components of the all-import index because of the uncer tainties associated with food production, the varying impact of weather conditions, and the difficulty of shipping perish able products. Prices for coffee, tea, and cocoa rose 4.0 percent, leading the rise in the food index. Cocoa price increases reflected poor harvests in the Ivory Coast and Ecuador. The tea index rose 9.8 percent because of lower output by Sri Lanka and Indonesia and relatively low stock levels in several major importing nations. Coffee prices fell 1.8 percent during the first half, due to plentiful supplies and the continued general decline in U.S. coffee consumption. The International Cof fee Organization, whose producing members account for 99 percent of world production, lowered member nations’ ex port quotas in an effort to stabilize coffee prices.27 Despite this action, however, some members sold coffee at a dis count to other nations, many of which are in the Eastern bloc,28 placing additional downward pressure on coffee prices. The index for sugar and honey rose 3.9 percent, with all of the increase occurring in the second quarter. World sugar prices were about 12 cents per pound in June, compared with 6.2 cents at the same time last year. The second-quarter price rise was prompted by speculation following reports that weather problems in the third quarter might affect next season’s output in major sugar producing regions.29 Spec ulative activity also centered on the possibility of U.S. re strictions on imports of sugar-containing formulations, which were entering the country through a loophole in the existing system of raw sugar import quotas. (On June 29, imports of all sugar containing formulations were embargoed.30) The decision by two major U.S. soft-drink makers to use high-fructose corn syrup in their beverages placed down ward pressure on prices of imported sugar. The move dem onstrated the continuing displacement of sugar by the syrup, the use of which is expected to reduce 1983 domestic sugar consumption by 3 to 4 percent.31 Prices for imported honey fell as an influx of lower-priced honey, mainly from China, increased supplies on the U.S. market. Imported meat prices fell 3.8 percent. Canned hams and shoulders led the downward trend, dropping 13.8 percent in the first half in response to abundant supplies of pork for canned hams from Poland and Denmark and plentiful sup plies on the domestic market. The beef and veal index, which accounts for approximately two-thirds of the value of the meat index, rose 6.5 percent in the first half. U.S. demand for imported beef increased because of tight do mestic supplies resulting from wet winter weather in the major cattle breeding areas. At the same time, world pro duction and exports of cattle declined as ranchers held cattle to rebuild severely depleted herds. Supplies from Australia, the world’s largest beef exporter, were limited by adverse weather conditions, and exports by New Zealand, another major U.S. beef supplier, also fell. Fish prices declined 1.1 percent during the first half, in response to a 2.5-percent drop in the index for fresh fish, which reflected abundant supplies of cod, haddock, floun der, and tuna. The index for shellfish showed a 0.1-percent increase, as lobster supplies, which were tight at the be ginning of the year, recovered to more typical levels by June. M exico’s nationalization of its shrimp industry tended to drive up shellfish prices. Supplies of Mexican shrimp were difficult for U.S. importers to obtain, and the shrimp that was available had risen dramatically in price. Prices for canned fish fell 1.3 percent in the first half, largely due to plentiful supplies of imported canned clams and sardines. Crude materials. In general, indexes in the crude materials category rose during the first 6 months of 1983. Because products in this category are used extensively as raw ma terials in manufacturing and construction, the quickening of the U.S. economy generated additional demand for them. The United States imported $4.8 billion of such products in the first half, compared with $4.7 billion during the first half of 1982.32 Lumber prices jumped 26.8 percent, rising 7.6 percent in the first quarter and 17.8 percent in the second. Wood prices had been depressed since 1979, and a significant number of marginal suppliers were forced out of business. Canada is the largest supplier of lumber to the United States, and when this country, Saudi Arabia, and China all in creased purchases of Canadian wood during the first half, prices were driven up. Greater U.S. consumption of lumber occurred despite a shift to construction of multifamily homes, townhouses, and mobile homes, all of which require sig nificantly less lumber per unit than single-family homes. The construction of single-family homes did not rebound as strongly as general housing construction. The index for sulphate wood pulp fell 2.7 percent as weakened demand caused many suppliers to discount their prices. Use of pulp products is directly related to kraft paper and paperboard sales. Packaging is the chief use for the unbleached grades and the bleached pulp is used in a wide range of applications from packaging to printing. Intermediate manufactured products. Large price increases for cork and wood products and for nonferrous metals led the 2.9-percent price rise in the index for intermediate man ufactures, which had fallen 7.5 percent during 1982. In the first half, the United States imported $17.3 billion of prod ucts in this category, compared with $18.8 billion in the first half of 1982. These products include metals, cork, C h art 2. U.S. m erch an d ise trade by type of tradin g partner, J a n u a ry -J u n e 1983 Imports Exports Nonmarket economies ( 1 .4 % ) Nonmarket economies (2.5%) So urce : U.S. Department of Commerce. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 63 MONTHLY LABOR REVIEW November 1983 • Import and Export Price Indexes wood, textiles, iron and steel, glassware, paperboard, and other basic inputs to manufacturing processes. Nonferrous metal prices rose 13.0 percent in the first half after falling 14.0 percent during all of 1982. Lower interest rates and increased output in basic industries were key fac tors boosting consumption of many nonferrous metals. The increase in the index was led by sharply rising prices for silver, copper, platinum, and palladium. While demand by the capital goods sector continued at reduced levels, demand for nonferrous metals from the automotive, construction, and consumer appliance sectors was especially robust. How ever, in the case of some metals, most notably copper, lead, and nickel, world market prices remained below production costs for some producers.33 The index for silver and metals of the platinum group, which accounts for 33.6 percent of the nonferrous index, rose 17.0 percent in the first half. Silver prices rose rapidly in the first quarter as interest rates eased, industrial demand rose, and speculative activity increased, but fell slightly in the second quarter as interest rates edged upward and spec ulation waned. Growing demand for platinum fueled higher prices: early in the first half, gold was selling at a premium to platinum, a reversal of the historical price relationship between the two metals. However, demand for platinum from such industries as electronics and glass quickly pulled platinum prices back up past gold prices. Palladium prices also rose as the auto industry purchased greater quantities of the metal for use in catalytic convertors. Supplies of both platinum and palladium tightened over the period as the Soviet Union and South Africa cut shipments of these metals. The index for copper rose 16.4 percent in the first half. Copper prices tend to mirror the general economy, as the metal is used in virtually every major industry. When in dustrial production began to improve, copper prices quickly rose from the record lows posted in 1982, but these increases were tempered by large stocks on world markets.34 Tin prices rose 11.0 percent, as the buffer stock manager of the International Tin Council bought tin to support the metal’s price, and producer nations continued export controls in an effort to reduce the world tin surplus.35 Zinc and lead prices remained depressed in the first half. Cork and wood prices rose 9.5 percent, paced by in creased consumption of products related to the construction industry, such as wood moldings, shingles, shakes, and carpentry items. Increased demand for hardwood plywood and veneers from Southeast Asia has been accompanied by reduced demand for products from the traditional suppliers, Korea and Taiwan, and increased demand for products from Indonesia, which previously had supplied only the logs. Nonconstruction items showed less price change over the period. Prices for nonmetallic mineral manufactures rose 5.9 per cent, largely because of a 10.4-percent increase in the index lor cut and polished diamonds. The rise in diamond prices 64 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis resulted from greater demand for smaller gems (those of one carat or less), while production and distribution controls in South Africa reduced supplies on world markets. (South Africa is the world’s largest diamond producer.) The drop in imported steel prices was the result of slug gish demand and vigorous price competition by foreign pro ducers in developing nations. For domestic steelmakers, 1983 showed signs of improvement over 1982; in terms of capacity utilization, last year’s 48.4 percent was the worst since the Great Depression for U.S. steelmakers, but the rate rose to 53.6 percent in the first half of 1983.36 The U.S. economic recovery was uneven in its effect on major steel consuming sectors. Demand for sheet products for the auto industry rose, but the lag in capital spending meant continued depressed demand for plate and structural prod ucts. Requirements for oil country tubular goods, which are directly related to levels of exploration and drilling activity, were reduced. And demand was slack for stainless bars, plates, and tool steel, as users in most markets operated with thin inventories. Import penetration of the U.S. steel market, measured in net tons, was 18.5 percent in the first half, down from 22.6 percent in the first half of 1982.37 This decline was primarily the result of agreements reached with the EEC and Japan late last year which limit those nations’ steel exports to the United States. However, although first-half shipments from the EEC and Japan were down substantially from 1982 levels, steel imports from developing nations such as Brazil, Mex ico, and Korea made up much of the shortfall. In recent years, the latter nations have increased capacity in contin uous casting steel plants, which have low unit labor costs. Machinery and transport equipment. This index, which ac counts for 25.4 percent of the weight of the all-import price index, rose 2.6 percent in the first half. The economic re covery fueled higher demand for these products; $41.8 bil lion of merchandise was imported in this category, compared with $39.1 billion in the first half of 1982. Much of the dollar value of this index consists of consumer end-use products such as autos, electric amplifiers, and household appliances. As consumer spending increased, purchases of these types of items rose. The index also includes many important components of manufacturing processes, such as electric motors, air pumps, compressors, valves, and roller bearings, for which demand grew with the increase in U.S. manufacturing output. The continued appreciation of the dollar placed some downward pressure on prices in this index. Prices for imported autos rose 1.9 percent, largely be cause of the resurgence in domestic auto sales and the vol untary self-restraint quotas that limit exports of Japanese cars to the United States to 1.68 million units per year. Helped by lower interest rates, first-half U.S. auto sales rebounded from their lowest level since 1961. Retail sales were 4.55 million units in the first half, compared with 4.04 million in the corresponding 1982 period. Import penetra tion of the U.S. market was 26.7 percent for the first 6 months of 1983, versus 27.9 percent for all of 1982. (See chart 3.) Domestic and imported car sales were limited by the fact that inventories of both types of cars were unusually low, and dealers regularly sold out of the more popular models. Domestic auto inventories reflected conservative production levels, while inventories of Japanese vehicles were thin as a result of the voluntary quotas. On June 1, import inventories sank to 33 days of sales (as compared with a 53-day level a year earlier). Inventories of Japanese cars were even lower, at a 28-day level, with one major Japanese carmaker holding a 14-day supply.38 The quotas on exports of Japanese autos were a source of upward pressure on import prices of these cars. During the first half, Japanese cars accounted for 21.5 percent of all new-car sales, compared with 22.6 percent during 1982. Because of the quotas, Japanese automakers were unable to maintain or increase their market share by fully exploiting a cost advantage estimated at $1,500 to $2,000 per car.39 Instead of competing on price, Japan's carmakers concen trated on selling higher-valued, option-laden cars in the United States, in effect providing a pricing floor for the domestic industry.40 In recent years, U.S. consumers have purchased an in creasing percentage of higher-valued imported cars. This trend continued in the first half as luxury European models continued to sell well and Japanese carmakers entered sev C h art 3. Im port share of the U.S. auto market, 1970-83 Percent of unit sales, passenger cars Note: 1983 data are for the first half of the year. Source: Motor Vehicle Facts and Figures ’83 (Detroit, Mich., Motor Vehicle Manufacturers Association, 1983), p. 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis eral new models in the compact market, which had previ ously been dominated by domestic models. The index for metalworking machinery rose 3.7 percent, reflecting a 5.2-percent first-quarter increase and a 1.4-per cent second-quarter decrease. The bulk of the value in this index consists of machine tools— power driven devices used to cut, shape, or form metal in the production of durable goods. The first-quarter increase was influenced by the dol lar’s depreciation during that time against the German Deutschemark; Germany is our second largest supplier of machine tools, after Japan. Prices were also affected by the decision of the Japanese Ministry of International Trade and Industry to hike U.S.dollar-based export floor prices of numerically controlled lathes and machining centers (both major U.S. imports) by a minimum of 10 percent. This decision applied to orders placed after January 1, 1983, and shipments made after April 1, but not to machine tools already in U.S. warehouses.41 Conditions in the domestic industry had been depressed since late 1981, and remained that way in the first half. At the end of June, the metalworking machinery index was down 3.3 percent from the June 1982 level, despite the increase during the first 3 months of 1983. Prices in this index are heavily influenced by spending on capital goods, which remained depressed in the first half, as it usually lags the general economy by 6 to 12 months. In the first half of 1983, the United States posted a $297.7 million trade deficit in machine tools (on imports of $501.0 million and exports of $203.3 million), compared with a first-half 1982 deficit of $358.7 million.42 A large stockpile of Japanese machine tools in U.S. warehouses also dampened price increases. As domestic firms attempted to deal with the long-term recession in their industry, the cost advantage that the strong U.S. dollar provided to efficient foreign machine tool pro ducers made recovery doubly difficult. A number of U.S. firms have responded to foreign competition by entering into mergers or by filing petitions for import relief with the Federal Government. The index for machinery specialized for particular in dustries rose 4.6 percent in the first half, after declining 0.3 percent in 1982. This broad aggregate index covers agri cultural equipment, tractors, construction and mining equip ment, printing machinery, food processing machinery, and textile and sewing machinery. The index moved up 3.9 percent in the first quarter, reflecting manufacturers’ annual price increases and the weakening of the dollar vis-à-vis the yen, Deutschemark, and Swiss franc. The slight increase— 0.7 percent— in the second quarter is a better indicator of the soft U.S. market for machinery. Construction and min ing equipment prices were up 1.2 percent as demand con tinued to lag, while the index for textile and sewing machinery increased 3.4 percent, with 2.9 percentage points of this change occurring in the first quarter. Prices for office machines and automatic data processing equipment rose 2.4 percent. This group includes mainframe 65 MONTHLY LABOR REVIEW November 1983 • Import and Export Price Indexes computers, terminals, optical scanners, and printers. The United States has historically posted large trade surpluses in this category, where our manufacturers have a lead in technology. In the first half, the United States exported $5.6 billion of these products, and imported only $3.0 billion. (In 1982, the United States posted a $5.9 billion trade sur plus for the category.) Pricing of these products is very competitive, as U .S., Japanese, and European firms vie for shares in the industrialized nations. Technological advances that lower production costs have placed downward pressure on prices in this index; in March they were 4.5 percent lower than they were 3 years earlier. Parts prices rose faster than equipment prices in the first half, illustrating the tra ditionally more inelastic demand for parts than for equip ment. Finally, prices for cash registers continued to decline in the first half. textile agreement.43 The United States also restricted Tai wanese imports of m en’s wool suit-type slacks and women's wool suits, slacks, and shorts.44 Additionally, an embargo was placed on 15 Taiwanese apparel trading firms. Moderating the decline in miscellaneous manufactures prices, the index for photographic apparatus, watches, and clocks rose 1.0 percent, after falling 10.2 percent during all of 1982. Increased consumer purchases of these products were the main factor behind the increase in the first half. In recent years, new technologies and changing consumer preferences have forced prices steadily downward; since June 1980, the price level of this index has fallen 8.5 per cent. Technological advances such as computer chip con trol, quartz oscillation, and electronic imaging have resulted in lower unit costs for products in this index. Export trends Miscellaneous manufactures. The import index for miscel laneous manufactures fell 1.0 percent in the first half. The bulk of the weight in this index is derived from professional, scientific, and controlling instruments and apparatus, and products for consumer end use, such as apparel and foot wear. U.S. consumer demand for such products increased as the economy rebounded; in the first half, imports were $15.6 billion compared with $14.0 billion in the same period last year. Even so, prices fell because there are numerous foreign suppliers for many of the products in this group, and because competition for sales in the United States is intense. In addition, technological improvements have low ered production costs for many items. As a result of these factors and the strong dollar, the index rose only 0.4 percent from March 1980 to June 1983. Prices of imported footwear fell 1.5 percent in the first half, continuing the downward price trend in imported foot wear which began in 1981. First-half prices were nudged downward by strong worldwide competition among sup pliers, decreasing costs for petroleum-based raw materials, and the dollar’s appreciation against the currencies of major suppliers. Furthermore, supply increased as the counter vailing duties against Brazilian shoes that had been under consideration for the last 3 years failed to materialize. De mand for athletic footwear was strong in the first quarter, and prices rose, but price cutting by domestic suppliers in the second quarter forced established exporters to the United States to lower prices to remain competitive. The index for apparel fell 1.0 percent, as a pickup in U.S. consumer demand for clothing was counteracted by the continued strength of the dollar and competition among suppliers in the Far East. With consumer confidence grow ing, promotional efforts by apparel retailers helped to boost apparel sales significantly over first-half 1982 levels. Trade differences between the United States and suppliers in the Far East limited supplies of some items. The U.S. Government authorized a unilateral freeze on imports of Chinese textiles while the two nations negotiated a new 66 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Grain. Grain, which consists mainly of corn, wheat, and sorghum, is the largest U.S. export in dollar value, ac counting for sales of $14.2 billion in 1982. Export prices for grain rose 14.5 percent in the first half of 1983 after falling 7.3 percent for all of 1982. Prices for corn increased 25.7 percent, and those for sorghum rose 22.3 percent, while wheat prices fell 0.8 percent. These results were greatly influenced by the U.S. Payment-In-Kind ( p i k ) program, which was implemented in January 1983. Under p i k , the Government provides surplus wheat, corn, rice, cotton, and sorghum to farmers who reduce their plantings of the same commodities. The purpose of the program is to draw down surplus grain stockpiles. Farmers took advantage of the p ik program to idle 46.6 million acres of cropland, more than twice the number an ticipated. Together with the Acreage Reduction Program, p ik brought about the retirement of about 82 million acres this year, the largest reduction ever.45 Corn export prices greatly increased because of tight supplies. Farmers planted 58.8 million acres in corn this year, 28 percent below last year’s plantings and the lowest figure since records were begun in 1890.46 Export wheat prices were not affected as heavily as corn prices by the p ik program; first-half wheat production was estimated at 15 percent below last year's production, but the huge surplus stored in U.S. silos held prices down. Sorghum prices rose 22.3 percent, reflecting the depletion of stockpiles. U.S. wheat exporters faced slack demand and stiff com petition from other nations for the business available. The U.S. share of world trade in grains fell to about 53 percent this year from a high of 60 percent in 1980. The Soviets continued to purchase only the minimum amount of grain required under the Long Term Agreement. Since the 1980 grain embargo, the U.S. share of world grain exports to the Soviet Union has fallen from- 70 percent to 20 percent.47 China, the largest customer for U.S. wheat last year, did not buy any wheat after January, because of the improved outlook for the Chinese grain harvest and a trade dispute with the U.S. involving textiles. Wheat exporting nations such as Canada, Argentina, and France used more aggres sive export marketing to make inroads into major U.S. ex port markets for grain. And finally, several Third World nations with international debt problems substantially re duced 1983 grain imports. Crude materials. Most major categories of crude materials showed price increases in the first half. These products are generally used in the initial stages of manufacturing pro cesses. Exports in this category totaled $9.3 billion in the first half, compared with $10.6 billion in the corresponding period in 1982. Soybean prices rose 6.7 percent, after falling 10.4 percent during 1982, largely because of increased demand from the Soviet Union and Japan. As the size of the hog and cattle population in the Soviet Union has grown, the need for soybean meal for livestock feed has also increased. In Japan, soybeans for crushing are imported from the United States to produce soy milk, a product for which local demand has expanded rapidly in recent years. A relatively poor soybean harvest in Argentina this year also placed some upward pressure on prices. Prices for cotton spurted 17.3 percent, recouping some of the declines recorded over the past 2 years. The p ik program exceeded expectations in restricting cotton sup plies, while heavy rains in the South and a prolonged drought in Texas cut U.S. production further. The Soviet Union, a major cotton producer, experienced a poor harvest, and anticipates another one next season. At the same time, worldwide demand has grown as textile mills react to eco nomic recovery. The major factor tending to hold prices down was the increasing domestic cotton output in China, formerly a major importer of cotton. Prices for most types of metal scrap soared in the first half. The increases were led by a 16.0-percent rise in scrap iron and steel prices and a 76.8-percent increase- in scrap aluminum prices. Iron and steel scrap are essential inputs in new steel production. As domestic steel mills purchased larger amounts of scrap to replenish their depleted inven tories in anticipation of an upturn in demand, scrap prices were rapidly bid up in the domestic market. This domestic price rise was quickly transmitted to the export market. Demand for aluminum scrap was also robust, as U.S. pri mary aluminum producers put much idle capacity back into operation in the first half. In addition, demand from Japan, the largest customer for U.S. scrap aluminum exports, was very strong. Japan is not a low cost producer of primary aluminum, and per-unit energy costs in its secondary alu minum industry (that segment which produces aluminum products from aluminum scrap) are much lower than in its primary industry. Bituminous coal prices dropped 12.6 percent, as world demand for U.S. coal continued to fall. The volume of coal https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis exports in the first half plummeted 37.7 percent from the same period in 1982.48 Prices for bituminous coal used in the production of steel showed the greatest decline. Japan is the largest market for U.S. exports of this metallurgical coal; in the spring, Japanese buyers negotiated new contracts with U.S. firms that lowered existing prices by 12 to 20 percent. Prices for metallurgical coal exported to other na tions also fell, but by lesser amounts. Steam coal, used for generating electricity, also declined in price because of re duced worldwide demand for electricity, sharp competition from other sources of coal, and higher inventories. Over the last 2 years, the international coal situation changed from a sellers’ market to a buyers’ market. Two years ago, ships were lined up at U.S. ports as coal customers struggled to build up stockpiles for protection against price increases and supply interruptions. Subsequently, however, Poland and Australia reentered world coal markets with aggressive pricing policies and prices dropped. Projections of world coal demand also proved to be overly optimistic, and con tinuous rounds of price cuts forced high-cost suppliers out of business. Intermediate manufactured products. Export prices for in termediate manufactured products rose 2.1 percent in the first half, following a 1.8-percent decline in 1982. The United States exported $7.4 billion of products in this category in the first half, compared with $9.0 billion in the first 6 months of 1982. Nonferrous metals prices advanced 10.7 percent, leading the increase in the index for intermediate manufac tures. Prices for leather and furskins rose 2.8 percent, while those for iron and steel fell 2.0 percent, moderating the increase in the index. The sharp rise in nonferrous metals prices reflected in creased demand by basic industries and lower interest rates. These prices are directly related to the level of world eco nomic activity; last year, as world economies slumped, prices for many of these metals posted record lows in real terms, and many U.S. producers had to price output below pro duction costs. The 1983 first-half rise in prices was accom panied by leaner inventories for many metals than existed during the previous year. The increase in the nonferrous metals index was led by increases in silver, copper, and aluminum prices. Silver prices posted a 28.7-percent gain, virtually all of which occurred in the first quarter, in response to increased U.S. economic activity, lower interest rates, and speculative ex pectations. Copper export prices were up 3.9 percent, as domestic de.mand rose in response to production increases in basic industries such as autos, housing, and appliances. Although a strike began at one major U.S. copper producer as the first half ended, most producers achieved early wage agreements with their unions, which helped to cool spec ulative activity in copper. Aluminum prices rose 7.4 per cent, reflecting producers’ increases for several product lines.49 U.S. output of primary aluminum rose from 8,875 short 67 MONTHLY LABOR REVIEW November 1983 • Import and Export Price Indexes tons per day in December 1982 to 9,607 short tons in June 1983 as firms geared up to meet the increased demand for their products.50 Most U.S. aluminum makers posted losses during 1982, but several posted profits in first-half 1983. For molybdenum and lead, prices and output remained de pressed. Prices for leather and furskins went up 2.8 percent, largely because of a substantial second-quarter increase for wet blues (the product between the raw hide and finished leather stage). Tanners in apparel manufacturing nations (Hong Kong, Taiwan, South Korea, and China) purchased large amounts of raw hides as well as wet blues from the United States during the second quarter in anticipation of increased orders from shoe and clothing manufacturers. Most finished leather prices were stable during the first half, although there were some slight price increases for high-quality bovine leathers used in shoe manufacture. Do mestic demand for finished leathers has declined sharply in recent years as production of leather goods shifted abroad. For example, import penetration of the U.S. footwear mar ket, as measured in numbers of pairs, was 59 percent in 1982, compared with 41 percent in 1975.51 Conversely, export expansion by U.S. tanners has proved especially difficult because of trade barriers in foreign markets. Export steel prices fell 2.0 percent, as demand continued at drastically reduced levels. In 1980, U.S. firms exported 4.1 million tons of steel, but by 1982, this had fallen to 1.8 million tons.52 And in the first half of 1983, U.S. firms exported only 583 thousand tons. U.S. steel products are essentially fungible with low-cost steel products from de veloping nations such as Brazil, Mexico, and Korea. This, combined with an excess of worldwide steelmaking capac ity, has made it difficult for U.S. steelmakers, which gen erally have higher production costs, to compete in foreign markets. Machinery and transport equipment. Machinery and trans port equipment accounts for 35.3 percent of the value of all U.S. exports. Prices for such products advanced 1.0 percent in the first half, after rising 3.9 percent for all of 1982. Most major aggregate indexes in the category showed marginal first-half price increases. The strengthening of the dollar and continued slack demand abroad were major fac tors moderating price rises and sales volumes. Exports of machinery and transport equipment were $42.1 billion, compared with $46.0 billion in the first half of 1982. Many of the products in this group, such as computers, electronic components, and telecommunications equipment, require a high degree of technical sophistication, and U.S. firms have a comparative advantage in their manufacture. The index for general industrial machinery and parts rose 1.0 percent, compared with a 1982 first-half increase of 3.2 percent. This subgroup includes heating and cooling equip ment, air pumps and compressors, and pumps and valves for liquids. In the first half, heating equipment prices rose 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.2 percent and machine parts prices advanced 2.9 percent, while prices for pumps for liquids fell 0.8 percent. Although higher prices for aluminum and steel alloys put upward pressure on the costs of many industrial machines, slack demand in overseas markets moderated price increases as U.S. producers kept their export prices relatively stable in dollars to retain market share. The index for general aviation aircraft and helicopters rose 2.7 percent in the first half, sharply below the average rate of increase over the last 6 years. Demand for aviation products, both at home and abroad, was at reduced levels in the first half. Export sales for the first half were down 56.7 percent (in units) from sluggish 1982 levels, which, in turn, were 49.0 percent below 1981 levels.53 As a result, some U.S. firms furloughed workers and halted production of certain single-engine models to bring production in line with demand. A large supply of relatively new used aircraft offered at low prices also helped to hold down prices. The index for telecommunications equipment rose 1.2 percent in the first half, after increasing 3.3 percent during all of 1982. Prices rose 3.4 percent in the miscellaneous telecommunications equipment subgroup, which accounts for 77 percent of the weight of the telecommunications equipment index. The subgroup includes such items as office communications devices, large radio transmitters and re ceivers, and navigational devices and parts. Demand was strong for these highly sophisticated products in the first half. Prices for television sets declined 4.1 percent, and prices for video and sound reproducers and recorders fell 3.4 percent during the first half, placing downward price pressure on the telecommunications equipment index. Ex porters of these products, which include tape recorders and radios, faced stiff competition from Japanese producers. Finally, prices for individual telephones declined in direct response to the impending deregulation of the U.S. tele phone industry. Moderating the rise in the machinery and transport equip ment index were prices for electrical machinery and equip ment, which fell 0.1 percent after rising 2.2 percent in 1982. During last year and the first half of this year, the United States recorded a slight trade surplus for products in this category. In the first 6 months of 1983, the United States exported $5.72 billion of such merchandise, and imported $5.67 billion.54 Lower prices for semiconducting materials and devices such as silicon wafers and chips led the price decline in the electrical machinery and equipment index. Wafer prices fell as competition among American, Japanese, and European producers intensified, and technological advances and econ omies of scale lowered production costs in many cases as firms moved further up the learning curve. Upward pressure was placed on the index by continuing strong demand for computers, defense equipment, and other types of electronic apparatus; by increased demand for new home electrical appliances as homebuilding activity picked up; and by price hikes for inputs such as aluminum, copper, and precious metals. The indexes in the miscellaneous manufactures category showed mixed changes. Miscellaneous manufactures ac count for 7.4 percent of the value of all U.S. exports, and include such products as measuring and controlling instru ments and apparatus, watches and clocks, toys, games, and musical instruments. During the first half of 1983, exports of such merchandise were $7.6 billion, compared with $8.2 billion for the same period last year. The index for photo graphic apparatus and supplies, optical goods, and watches and clocks fell 2.3 percent in the first half, while that for professional, scientific, and controlling instruments and ap paratus rose 4.2 percent. The increase in the latter index reflected the industry practice of making major price changes early in the year. (For the first half of last year, for example, this index rose 7.0 percent.) Overseas demand was high for these products, which are used to monitor and control industrial processes and improve production efficiency. Foreign demand for U.S. products in this group has traditionally been robust, and in recent years large trade surpluses have been recorded. Be cause U.S. exporters are generally able to pass through increases in their production costs, this index increased 69.8 percent from June 1977 to June 1983. Film, cameras, and related photographic equipment ac count for the bulk of the weight in the index for photographic apparatus and supplies, optical goods, and watches and clocks. Most producers of photographic supplies adjust their prices at the beginning of the year. Prices fell 3.4 percent in the first quarter, reflecting efforts by exporters to counteract the effects of the strong dollar on sales abroad. FOOTNOTES Acknowledgment: The following economists in the Bureau's Division of International Prices assisted in analyzing the various indexes discussed in this article: Brian Costello, Todd Darr, Mohamed Elitreby. David Fried man, Hans Jorgensen, Mike Moore, Lynn Norman, Nicholas Peters, Va nessa Richardson, Patricia Szarek, Mildred Tweedy, Paul Washburn. Loren Yager, and Peter Zaleski. Jose Alonso, Todd Darr, and Peter Zaleski of the Division assisted in the preparation of the graphics. 1In this article, the “ all-import-price index” refers to the all-commodities-import-price index, excluding chemicals. This measure accounts for 96.5 percent of the value of all imports. A new all-import index which includes chemicals and covers 100 percent of the value of all imports is now available, starting with fourth-quarter 1982 data. 2 For a detailed look at import-export price movements in 1982, see Mark J. Johnson, “ U.S. import-export prices in 1982,” Monthly Labor Review , May 1983, pp. 2 0-29. 3 Import price indexes are weighted by 1980 import values and are published on an f.o.b. (free-on-board) foreign port or c.i.f. (cost, insur ance, and freight) U.S. port basis. Export price indexes are weighted by 1980 U.S. merchandise export trade values and are published on an f.o.b. factory or f.a.s. (free-alongside-ship) U.S. port basis. See “ International Price Program” (Washington, U.S. Bureau of Labor Statistics). 4 For details on the value of the U.S. dollar against currencies of other nations, see Federal Reserve Bulletin, July 1983, p. A68. 5 (AS. Department of Commerce News, bea 8 3 -3 8 (U.S. Department of Commerce. Bureau of Economic Analysis), July 20, 1983, table 4, p. 8. bP-l Report (Detroit, Mich., Motor Vehicle Manufacturers' Associa tion), July 6, 1983, p. 1. 7U.S. Department of Commerce News, CB 83-108 (Bureau of the Census) July 19, 1983, p. 1. * Information on U.S. merchandise trade exports, imports, and trade deficits is from Survey of Current Business, September 1983. 9 Ibid. 10Highlights of U.S. Export and Import Trade—FT-990 (U.S. Depart ment of Commerce, Bureau of the Census), June 1983, table E-3. 11 Ibid, table 8. 12 U.S. Department of Commerce News, bea 8 3 -4 0 (Bureau of Economic Analysis), Sept. 15, 1983. Merchandise imports + Merchandise exports ----------------------------------------------------- x Final goods + Merchandise imports 100 It is computed using data from Survey of Current Business, various issues. 15 Robert J. Beck, “ U.S. Demand. Imports to Edge Down: Production Rising,” Oil and Gas Journal, July 25, 1983. p. 114. 16 Ibid., p. 114. 17Petroleum Supply Monthly (U .S. Department of Energy. Energy In formation Administration). August 1983. iXMonthly Energy Review (U.S. Department of Energy. Energy Infor mation Administration), September 1983, p. 6. This figure is derived by using the information given in the Executive Summary and dividing total energy imports by total domestic energy consumption. l9Beck, “ U.S. Demand,” p. 127. 20 Ibid. 21 See “ Consumer Price Index (cpi-u ). All Urban Consumers," 8 3 -3 6 6 (Bureau of Labor Statistics), July 1983. usdl 22Beck, “ U.S. Demand," p. 127. 23 Ibid. 24“ Now p. 52. O PEC Feels an Oil Shock,” Business Week. July 18, 1983 25 Ibid. 26Petroleum Supply Monthly, doe/ eia— 0109(83/07) (U.S. Department of Energy, Energy Information Administration). June 1983, pp. 17-18. -7 Neil Behrmann, “ World Coffee Accord Faces Tough Session as Pro ducers Seek Bigger Share of Market,” The Wall Street Journal. Sept. 3, 1982, p. 24. 2KForeign Agriculture Circular (USDA. Foreign Agricultural Service), July, 1983, p. 6. 29 Sugar and Sugar Sweetener Outlook and Situation (U.S. Department of Agriculture, Economic Research Service), June 1983, p. 8. 30 Presidential Proclamation Number 5071; the proclamation was issued on June 28, 1983, and took effect on June 29, 1983. 31 Sugar and Sweetener Outlook and Situation p. 11. 3;' Summary of U.S. Export and Import Merchandise Trade—FT900-H306 (Bureau of the Census), June 1983, p. 10. 33 “ Quarterly Forecast— Nonferrous.” Iron Age. July 4. 1983. p. 28. 34 Ibid. 13Summary of U.S. International Transactions (U.S. Department of Commerce, Bureau o f Economic Analysis), Sept. 15, 1983. 35For information on tin pricing, see “ Tin Prices In General Improved in April,” Tin News (Washington. The Malaysian Tin Bureau), May 15, 14 The share of final goods production that is accounted for by gross 1983, p. 1; and "May and June Tin Prices.” Tin News. July 15, 1983 trade (merchandise imports plus merchandise exports) is calculated as: p. 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69 MONTHLY LABOR REVIEW 36Pig Iron and Steel Report, November 1983 • Import and Export Price Indexes ais-7 (Washington, American Iron and Steel Institute), July, 1983. 37Monthly Apparent Supply (Washington, American Iron and Steel In stitute), August 1982 and August 1983. 38The Automotive News, June 20, 1983, pp. 1—61. 39 Amal Nag, “ High New Car Prices Keep Many Lookers Looking, Not Buying,” The Wall Street Journal, Aug. 3, 1983, p. 8. 4(1 Ibid. 4i “ miti Boosts Prices of Japanese Machines,” American Machinist, Major Miscalculation,” The Wall Street Journal, July 19, 1983, p. 1. 46Feed Outlook and Situation Report (U.S. Dept, of Agriculture, Eco nomic Research Service), May 1983, p. 2. 47Jeffrey H. Bimbaum, “ U.S. Will Negotiate with Soviets, Chinese this Week to Boost Lagging Farm Exports,” The Wall Street Journal, July 25, 1983, p. 4. 48International Coal Review (Washington, National Coal Association and Coal Exporters’ Association of U .S .), Aug. 3, 1983, p. 8. 49 “ Alcoa Buys Metal to Meet Certain Orders as Aluminum Prices and Demand Surge,” The Wall Street Journal, July 27, ¡983, p. 48. February 1983, p. 27. 50Primary Aluminum Production Monthly Report (Washington, The 42“ U.S. Foreign Trade in Machine Tools, First Quarter. 1983 (McLean, Va., National Machine Tool Builders’ Association), Sept. 29, 1983. Aluminum Association), July 1983. 43 For information regarding this unilateral curb, see Richard Wightman, “ U.S. and China Quota Talks Collapse,” Women's Wear Dailv, Jan 14, 1983; and Amanda Berrett, “ U.S.-China Textile Trade Talks Ended on Calm Note, but Sides Remain Far Apart.” The Wall Street Journal. Mar. 21, 1983. p. 25. Council of America, 1983), pp. 20, 28. 44“ U .S. Lowers Boom on Some Taiwan Imports,” Women’s Wear Daily, Apr. 27, 1983, p. 17. 45Jeffrey H. Bimbaum, “ Some Farmers Like it. But Critics Call pik a 70 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 51V S . Leather Industry Statistics, I9S3 Edition (Washington, Tanners’ 52Exports of Steel Products (Washington, American Iron and Steel In stitute), June 1983. 53News (Washington, General Aviation Manufacturers Association), July 11, 1983. ^ ET-990, Highlights of U.S. Export and Import Trade (U.S. Depart ment of Commerce, Bureau of the Census), June 1983, tables E-2 and I2. M ajor Agreements Expiring Next M onth This list of selected collective bargaining agreements expiring in December is based on contracts on hie in the Bureau’s Office of Wages and Industrial Relations. The list includes agreements covering 1,000 workers or more. Number of workers Employer and location Industry Labor organization1 American National Insurance Co. (Interstate) ............................................... Atlantic City Electric Co. (New Jersey) ........................................................ Building Service League, Commercial Agreement (New York, N .Y .) ......... Blue Cross of Northern California (California) ............................................. Insurance .................................... Utilities...................................... Services .................................... Insurance .................................... Insurance Workers .................................... Electrical Workers (ibew) ......................... Service Employees .................................... 3,000 1,000 10,000 1,300 Campbell Soup, Inc. (Paris, Tex.) ................................................................. Constructors Association of Western Pennsylvania (Pennsylvania)................ Constructors Association of Western Pennsylvania (Pennsylvania)................ Florida Power Corp. (Florida) ........................................................................ Food products ........................... Construction ............................. Construction ............................. Utilities...................................... Food and Commercial Workers ................ Operating Engineers .................................. Teamsters (Ind.) ......................................... Electrical Workers ( ibew) ......................... 1,650 8,000 6,000 2,050 Heavy engineering, railroad contracting, highway and utilities construction agreement (Pennsylvania)2 Huntington Alloys, Inc. (Huntington. W. Va.) ............................................. Illinois Association of Health Care Facilities (Illinois) .................................. Lockheed Aircraft Corp., Lockheed California Co. Division (California) . . . Construction ............................. Primary m etals........................... Hospitals.................................... Transportation equipment ......... Marriott Corp., Bob’s Big Boy Restaurants (California)............................... McDonnell Douglas Corp. (Interstate)............................................................. Restaurants ................................ Transportation equipment ......... Metropolitan Marine Maintenance Contractors’ Association, Inc., 2 agreements (New York) Services .................................... Bob's Employees' Association (Ind.) . . . . Southern California Professional Engineering Association (Ind.) Longshoremen’s Association .................... Electrical products .................... 5,000 Service Employees .................................... Engineers and Scientists Guild, Lockheed Section (Ind.) 1,300 3,200 2,750 5,700 2.500 3.500 Neenah Foundry Co. (Neenah, Wis.) ............................................................. New York Lamp and Shade Manufacturers Association, Inc. (New York, N .Y .) ............................................................................................ Northwest Airlines, flight attendants (Interstate)3 ........................................... Ozark Airlines, clerical/office employees (Interstate)3 .................................... Plastic Soft Materials Manufacturers Association, Inc. (New York, N.Y.) Realty Advisory Board on Labor Relations, Inc. (New York, N .Y .) ........... Realty Advisory Board on Labor Relations, Inc. (New York, N .Y .) ........... Electrical Workers (ibew) ......................... 1.100 1,500 Air transportation...................... Teamsters (Ind.) ......................................... Air transportation...................... Machinists ....................................... Apparel...................................... Ladies Garment W orkers........................... Real Estate ............................... Service Employees .................................... Real Estate ................................ Operating Engineers .................................. 2,600 1,750 5,000 20.000 1.700 San Mateo County Restaurant-Hotel Owners Association (California) ......... Restaurants ................................ Southern California Edison Co. (Interstate)........................................ Southern California Edison Co. (California) ............................................. Standard Brands, Inc., Curtiss Division (Franklin Park, 111.)......................... Utilities...................................... Utilities...................................... Food products ........................... Stewart-Warner Corp. (Chicago, 111.) ............................................................ Timex Corp. (Little Rock, Ark.) ........................................ Trans World Airlines, Inc., pilots (Interstate)3 ......................... West Bend Co., West Bend Division (Wisconsin) ...................................... 4,600 1,500 1.000 Transportation equipment ......... Hotel Employees and Restaurant Employees Electrical Workers ( ibew) ......................... Utility W orkers......................................... Bakery, Confectionery and Tobacco Workers Electrical Workers (UE-Ind.) .................. Instruments................................. Air transportation...................... Fabricated metal products......... Machinists ................................ Air Line Pilots Association .................. Allied Industrial W orkers.................. 1,200 3,100 1,200 State, County and Municipal Employees . . State, County and Municipal Employees . . State, County and Municipal Employees . . 2,000 1.200 2,200 4.500 2.500 5,200 2,300 Government activity Maryland: Baltimore Mass Transit Administration.................................... New York: Chautauqua County employees................................................. Erie County blue collar employees........................................... Erie County white collar employees...................................... Ohio: Toledo Board of Education, teachers.................................. Transportation............................. Multidepartments....................... Multidepartments....................... Multidepartments....................... Education.................................... 'Affiliated with afl-cio except where noted as independent (Ind.). industry area (group of companies signing same contract), information is from newspaper reports. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 Developments in Industrial Relations Airline industry update The airlines transportation industry continues to be buf feted by adverse developments, as a number of carriers report operating losses, pay cuts, and strikes. The difficulties are generally attributed to one or more of a number of factors, such as the drop in travel resulting from the state of the economy; deregulation of the industry and the re sulting influx of carriers, leading to fare cuts; high fuel costs; and the high cost of replacing aging air fleets. Trans World Airlines, which lost $109 million during the first half of 1983, reduced the pay of 5,100 nonunion sa laried employees by 10 percent. In addition, their scheduled September general salary increase was indefinitely post poned, as were all individual merit and longevity salary increases, an increase in shift premiums scheduled for Oc tober, and improvements in medical and life insurance scheduled for November. Company President C. E. Meyer attributed the airlines’ problems to “ higher costs, especially employment costs.’’ t w a ’ s labor costs amounted to 38.4 percent of revenue, compared with 29.8 percent at Pan American World Air ways, which had won wage-and-benefit concessions from its employees starting in late 1981. According to the Civil Aeronautics Board, in 1982, wage-and-benefit costs for all U.S. carriers averaged 38 percent of revenue; fuel costs averaged 29 percent of revenue, down from 32 percent in m id-1981. In another move to improve its condition, t w a began negotiations with three unions on possible wage-and-benefit concessions. The three unions, representing a total of 19,000 workers, are the International Association of Machinists, the Air Line Pilots Association, and the Independent f e d eration of Flight Attendants. t w a announced plans to reduce its 29,500 work force to 26,000 by the end of the year. The cut will include 1,250 flight attendants and 750 workers represented by the Ma chinists. At Delta Air Lines, 48 senior executives agreed to un specified cuts in compensation after the carrier announced an $86.7 million loss for the year ended June 30, 1983. “ Developments in Industrial Relations” is prepared by George Ruben of the Division o f Developments in Labor-Management Relations, Bureau of Labor Statistics, and is largely based on information from secondary sources. 72 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis The loss, the first in 36 years, also induced the airline’s pilots to increase their monthly work schedule without an increase in pay and to extend their contract by 1 year, to March 1985. The pilots are represented by the Air Line Pilots Association. In 1982, as appreciation for a pay in crease, Delta’s 36,000 employees contributed $30 million to buy the company an airplane. Republic Airlines and six unions representing 10,000 em ployees agreed on a temporary 15-percent pay cut after the company announced a $102.9 million loss during the first half of 1983. The first of the concession agreements, with the Machinists, occurred just 2 months after the union had won a 3-year contract which provided for wage increases. From September 1, 1983, to May 30, 1984, pay of unionrepresented mechanics will be lowered to $13.50 an hour (formerly $15.91). The other large unions involved were the Air Line Employees Association (representing 6,700 workers), the Association of Flight Attendants (2,200), and the Air Line Pilots Association (1,800). Republic Airlines began compensating 7,100 employees who had aggregated $22 million by deferring a month’s pay in February 1982. The individual employees, who were given several options, took $13.5 million in cash, $3.7 million in company stock, and credited $900,000 to an investment plan. In addition, the employees agreed to defer $3.8 million for another year, and some employees elected to permit Republic to retain $82,000. Several months before termination of their existing con tract, Northwest Orient Airlines and the Air Line Pilots Association negotiated a 3-year contract which froze wages until January 1, 1984, increased the number of flying hours to 83 a month (formerly 75), and called for “ productivity concessions” by the 1,600 employees. The cockpit crew members will receive pay increases of 7.5 percent at the end of the freeze, 6.5 percent in 1985, and 3 percent in 1986. The contract also provided for improvements in pen sion and insurance benefits. Western Airlines, which has been operating at a loss since 1979, proposed a “ partnership plan” under which it would give its 10,000 employees at least 25 percent of shares in exchange “ for past and future (wage) concessions.” (Bas ically, a 10-percent pay cut extending for 12 months was being sought from all employees.) Members of the Air Line Pilots Association were asked to extend their 10-percent pay cut until September 1, 1984, instead of the current expiration date of January 1, 1984. This means they would not receive an 8-percent pay increase scheduled for January 1, 1984. Also, nonunion employees would extend to September 30, 1984, a 12.5-percent pay cut instituted in December 1981 and scheduled to expire January 1, 1984. Western also pro posed a profit-sharing plan calling for distributions to all employees equal to 15 percent of pre-tax earnings up to $25 million a year, and 20 percent of earnings over $25 million. Braniff International Corp. proceeded with a plan to re organize its operations under protection of Chapter 11 of the Federal Bankruptcy Code. Under the plan, the Hyatt Corp. will purchase 80 percent of the carrier, which would then resume operation at about 50 percent of the level in May 1982, when Braniff shut down and sought protection from its creditors. The 2,000 former Braniff employees who will operate the airline had agreed to a number of wageand-benefit concessions. Continental Airlines files for bankruptcy Continental Airlines, the Nation’s eighth largest air pas senger carrier, filed for protection under Chapter 11 of the Bankruptcy Code. According to Continental, the bankruptcy move was triggered by the Air Line Pilots and Flight At tendants unions’ rejection of an offer of company stock in exchange for wage, benefit, and work-rule concessions. Three days after the filing, Continental resumed opera tions on about 30 percent of its former system, using those flight crew members willing to cross picket lines set up by the two unions to protest the bankruptcy move and pay cuts imposed by Continental. The new pay scales were a flat $43,000 a year for pilots and $14,000 for flight attendants, compared with the previous averages of $77,000 and $29,000. Continental, which lost $84 million in the first half of the year, also instituted changes in work rules to reduce labor costs. Actually, the carrier was being struck by three unions, as 2,000 members of the Machinists union had walked out before the bankruptcy move. The major issues were union demands for a $17.70-an-hour pay rate for mechanics by the end of 1984 (Continental had offered a $2.55 increase in the existing $13.45 rate), and company demands for changes in rules that the union contended would cost more than 500 jobs. Trucking agreement rejected The organized trucking industry suffered a serious blow when Teamsters members overwhelmingly rejected a pack age of wage-and-benefit concessions intended to aid the stricken industry in reopening and expanding operations. The vote was 94,086 to 13,082 against the “ Voluntary Laid Off Employee Relief Plan.” The rejection also was a blow to the prestige of Teamsters President Jackie Presser, who had entered office in April. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Presser had urged the members to approve the proposed “ rider” to the 1982 accord with Trucking Management In c., the industry’s bargaining leader, to “ restore union jobs in the face of nonunion competition.” He was referring to the influx of nonunion carriers since 1980, when the Motor Carrier Act eliminated many of the regulations governing entry into and functioning of the trucking industry. Trucking Management and the Teamsters had hoped that their 1982 concessionary agreement would end the financial problems of the organized companies, but apparently it did not. As a result, some individual carriers won additional wage, benefit, and work rule changes from Teamsters’ lo cals. This continuing “ erosion” of the standards of the National Master Freight Agreement led to the proposed “ rider” which was rejected by union members despite unan imous approval by the union’s 21-member executive board. (See Monthly Labor Review, April 1982, p. 64, for terms of the 1982 master agreement, and April 1983, p. 42, for details of the union leadership’s rejection of Trucking Man agement’s early 1983 request for concession talks.) The “ Voluntary Laid Off Employee Relief Plan” would have applied only to workers who were on layoff on April 1, 1983, and were later recalled to work. Covered employees would have been permitted to refuse to participate without losing their seniority, but they would have lost their eligi bility for casual daily work. Other provisions of the rejected agreement included: • a 22-cent-a-mile pay rate for recalled over-the-road driv ers, compared with a 32-cent rate for other over-the-road drivers; • an $ 11 -an-hour pay rate for recalled local drivers and terminal workers, compared with a $13.41 rate for other local drivers; • a $5.50 pay rate for recalled drivers while their vehicles are being repaired, loaded, or unloaded, and a $13.30 rate while driving; • a reduction in paid sick leave; • elimination of automatic cost-of-living pay adjustments; and • inducements for employers to establish new divisions to handle only “ full truckload” lots of cargo and thus en hance their ability to compete with nonunion carriers. There was no immediate indication of whether the union would renew national concession talks, “ live with” the terms of the 1982 contract, or enter into local talks with individual carriers beset by financial difficulties. GM-Auto Workers announce retraining program In a move that could alleviate the continuing high rate of unemployment in the automobile industry, General Motors Corp. and the Auto Workers announced a plan to retrain up to 9,300 laid-off gm employees in the Flint, M ich., area. A new regional skills development and training center will assess job availability, train workers, and help them find 73 MONTHLY LABOR REVIEW November 1983 • Developments in Industrial Relations jobs within the gm system or in other industries. The training will be in such fields as computer systems operation, com puter program m ing, electronics, building m aintenance, medical technology, and machine operation. More than $7 million has been allocated to the first year of the program. The money will come from a fund into which gm is paying 5 cents per employee for each hour worked, as specified in the parties’ 1982 labor contract. The accord provided for two $1.10 an hour pay increases, one effective immediately and the other on August 2, 1984, which will bring the standard pay rate to $15.17. In the third year, the employees will receive a pay increase equal to “ the national brewing industry level general wage in crease.” Benefit changes included improvements in health and life insurance and regular pension benefits and an additional paid holiday. National work standards for bricklayers The Bricklayers union and the National Refractory Con tractors’ Association concluded 3 years of discussions by signing an accord that sets national standards for working conditions, hours, and wages. Union Vice President L. Ger ald Carlisle said the national approach was necessary be cause the past practice of negotiating locally “ often didn’t address the specific jobsite conditions which are unique to fire bricklayers and refractory contractors.” The 2-year National Refractory Agreement will be ad ministered by a joint committee that will meet every 6 months to review the negotiated gross wage rates. The settlement established 71 such rates with an index to determine which rate will apply in each local union’s jurisdiction. Contractors will deduct from the local gross wage rate the locally ne gotiated amount to be paid into benefit funds. According to the union, the contract will cover 3 million hours of work per year performed by its members. The union already has national contracts covering work on smoke stacks; acid tile and tanks, and cooling towers. Brewery cuts jobs, offers early retirement A 2-month strike against the Miller Brewing Co. of Mil waukee ended when members of Local 9 of the Brewery Workers accepted a contract calling for the elimination of 297 jobs. Alan Easton, a Miller vice president, said the jobs were “ in excess of the manning required to produce the volume of beer that comes out of the brew ery.” He denied that Miller had threatened to move its operations to a new brewery in Trenton, Ohio, but admitted that “ the longer the strike went, it was clear it was an option.” George Hibert, president of Local 9, said that layoffs could be averted if enough of the 340 eligible employees accepted a new early retirement option. Under the new incentive, a 55-year-old worker retiring after 30 years of service would receive 24 monthly payments of $2,250, after which a regular pension would begin. Older employees would receive fewer special payments: a retiring employee age 65 with 30 years of service would only receive six of the $2,250 payments. Worker job security was improved by a new provision prohibiting M iller from subcontracting work involving brewing, packaging, and preparing beer for shipment. Miller also agreed to a 3-year contract, instead of the 28-month contract it had first offered. 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Equipment workers accept group pay plan In the farm and construction equipment industry, workers at International Harvester C o .’s Melrose Park (111.) plant agreed to change to a group incentive pay plan from indi vidual incentive pay. The company had indicated that it would probably close the engine plant if the employees rejected the 4-year accord, but would move $40 million of production equipment destined for Spain into the half-empty plant if the workers accepted. Similar plans aimed at in creasing productivity have kept two International Harvester foundries open. The plant has about 700 production workers, represented by the Auto Workers, and 230 salaried workers, compared with a total employment of 4,250 in 1974. Harvester lost $1.64 billion in 1982. ILA convention Delegates to the International Longshoremen’s Associa tion’s quadrennial convention elected Thomas W. Gleason to a sixth 4-year term as head of the union. Walter L. Sullivan, who had been appointed secretary-treasurer in February, also was elected to a 4-year term. The 600 delegates approved resolutions calling for strengthening the U.S. merchant marine to compete with foreign-flag fleets and to strengthen the national defense, strong support of the union’s political action committee, and abolition of the waterfront commission of the port of New York City and New Jersey, which the union contends in terferes with collective bargaining and other union affairs. Lone Star steel workers accept deeper pay cuts In a major deviation from the pattern of settlements in the steel industry, the United Steelworkers union negotiated a 37-month contract with Lone Star Steel Co. that called for a $2.80-an-hour cut in the $13 hourly average pay. The union’s earlier settlement with the seven Coordinating Com mittee Steel Companies had provided for a $1.31 pay cut, of which $1.25 was to be restored over the contract term. (See Monthly Labor Review, May 1983, pp. 47-48) Fol lowing that settlement, the union negotiated similar wageand-benefit terms at most of the 200 other steel companies with which it bargains. In a fe w cases, pay cuts ranged up to $3.25 an hour. The Lone Star accord covers 1,600 active employees and 2,200 on layoff. It provides for 20 cents of the pay cut to be restored in April 1985, 24 cents in October 1985, and 24 cents in April 1986. Other terms included a 10-cent-an-hour reduction (to 20 cents) in the premium for the afternoon shift, and a 15-cent reduction (to 30 cents) in the premium for the night shift; elimination of two of 11 paid holidays; revision of the supplemental unemployment benefits plan to provide for a flat benefit of $100 a week, rather than a percentage of pay, and a 19-cent-an-hour in crease (to 35 cents) in the company’s financing of the plan. A company official maintained that Lone Star’s settlements often differ from the industry pattern, and that the $13 an hour average pay was higher than at other producers. The plant is located in Lone Star, Tex. New plan to control plant closures, cutbacks In possibly the first action of its kind, a coalition of union, community, and religious groups negotiated an agreement with the City of Vacaville, Calif., requiring certain em ployers to give a year’s notice of plant closings or major cuts in operations. The agreement is limited to companies that move to the city and take advantage of tax-supported financial aid. It requires the companies to file an equal employment opportunity plan with the city and also requires unionized companies moving into the city to continue to either recognize the union or negotiate with the union an agreement regarding relocation and transfer arrangements. The accord ended a dispute that arose when the coalition, the Plant Closures Project, and Local 1412 of the United Electrical Workers sued Simpson Dura-Vent C o ., a chimney pipe manufacturer, of Redwood City, Calif., charging that the company’s plan to relocate to Vacaville violated a Cal ifornia law prohibiting tax funds from being used to induce companies to move from one community within the State to another. Vacaville, which had negotiated a $2.5 million low-interest financing plan with Simpson, claimed the suit threatened its $38 million industrial development program. The agreement provided for withdrawal of the suit. California wineries settle More than 3,500 employees were covered by a settlement between 16 California wineries and two locals of the Dis tillery, Wine and Allied Workers union. The 3-year contract did not provide for an immediate pay increase but the work ers will receive 4 percent increases at the beginning of the second and third years. A winery official said the increases were low because of lagging sales resulting from the state of the economy and increasing competition from foreign wineries. The agreement covered wineries throughout California. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other terms included termination of the automatic cost-ofliving wage adjustment clause, which had resulted in a 30cent-an-hour pay increase during the previous contract. There were no changes in benefits. Women win sex bias award In a decision which could have national repercussions, a Federal judge has held that the State of Washington dis criminated against female employees by paying them less than male employees performing comparable work. The case was based on a perceived pay disparity between work ers in jobs that are “ traditionally” held by women and jobs that are “ traditionally” held by men. Past decisions and existing laws specifically bar unequal pay for performing the same job, but the current decision supports recent efforts to validate the principle of “ comparable w orth.” According to this principle, workers in different classes or types of work should be paid the same if their performance requires degrees of aptitude, training, and diligence of comparable worth to society. The case began in 1974, when the State, acting in re sponse to a complaint of pay disparities by the State, County and Municipal Employees, commissioned a study which showed that women were paid about 20 percent less than men in comparable jobs. The union, which represents 20,000 of the State’s 50,000 employees, cited as one example the $1,114 monthly pay rate for laundry workers (who are pre dominantly women), and the $1,574 monthly rate for truckd riv ers (w ho are p red o m in an tly m en) although both occupations had the same 97-point job evaluation rate based on the requirements of the job. This and subsequent studies led the State in early 1983 to agree to institute a plan to eliminate the disparities over a 10-year period. However, the State budgeted only $1.5 million to start the program, leading the union to charge that correction of the problem would require about 85 years if financing was continued at that level. Accordingly, the union filed suit against the State in July 1982, seeking more than $500 million in pay adjustments retroactive for 3 years for 14,000 employees, including some men. The union asserted that the State had violated the U.S. Civil Rights Act of 1964, W ashington’s civil service law, and the Equal Rights Amendment to the State constitution. The Federal District Court found the State guilty of “ di rect, overt and institutionalized discrimination” against women in administering its 3,000 categories of workers. The State argued that it was following the private job mar ket, which also pays less for traditionally female jobs, and announced that it would appeal the decision. The size of the award will be set in November. 75 Book Reviews Social indicators: everyone’s problem How We Live: An Economic Perspective on Americans from Birth to Death. By Victor R. Fuchs. Cambridge, Mass., Harvard University Press, 1983. 293 pp. $17.50. It is hard to accept the notion that the important decisions we make during the course of our lives— including the choice as to family size— are based in large part on economic considerations. Even the idea that we can always apply an economic yardstick to the consequences of our decisions is not easy to grasp. Yet, in this book, Victor Fuchs shows us that our lives can, indeed, be viewed from “ an economic perspective.” Fuchs, whose previous books have focused on the growth of the service economy and on the rising costs of health care, describes how, as we go through the various stages of our lives— childhood, adolescence and youth, young adulthood, mature adulthood, and old age— the important choices that we make (or that may be made for us) are greatly influenced and often constrained by economic fac tors. Life, says Fuchs, is not “ a bowl of cherries” but “ a succession of difficult decisions” that must be made with an eye on such “ externalities” as prices, wages, and other economic variables. In his discussions on the principal stages of the life cycle, Fuchs shares a great deal of information on the relevant trends of recent decades— such as the declining birth rate, rising school attendance, the growing divorce rate, the entry of women into the job market, and the growing number of elderly. In describing these trends and their economic set ting, he displays an excellent knowledge of a vast array of statistics, but he does not bore us with a slew of numbers or with the technical jargon one usually finds in most eco nomic analyses. His easy-to-follow style should appeal to a wide audience. However, he does not shy away from discussing the difficult, socioeconomic problems which we confront, nor from discussing the pros and cons of measures which might be used in dealing with these problems. Fuchs begins by discussing the trends in fertility, focusing on the postwar “ boom” and subsequent “ bust” in births, and exploring both the causes and implications of these trends. For an “ economic perspective,” he leans toward Richard E asterlies “ relative income theory” as the most plausible explanation for the wide swings in fertility. Ac 76 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis cording to this theory, the persons who are bom when the birth rate is very low (and who are thus in relatively small numbers) grow up to find economic prospects somewhat brighter than they had expected and, buoyed by such pros pects, will tend to marry early and have relatively large families, thus raising the birth rate. On the other hand, those who are bom when the birth rate is very high will grow up to find stiff competition for jobs and other economic op portunities. Faced with economic conditions which do not live up to their previously formed expectations, these “ co horts” tend to delay family formation and therefore bring about a new downward swing in fertility. This theory would imply an upward swing in the birth rate during the 1980’s. Fuchs is aware of other theories concerning trends in fertility, with some demographers believing that it is un reasonable to expect a sharp reversal of what they see as a secular downtrend. He is concerned that a truly prolonged decline will have serious consequences on the structure of the American population— and for living conditions— in the decades to come. To the possible consternation of the “ zero population growth” movement, he even suggests that the country may at some point have to adopt policies designed to give a boost to fertility. Surprisingly, nothing is said about the allegedly large inflow of illegal aliens into the country, which, along with fertility and mortality trends, is also an important element in shaping the future makeup of the American population. Moving to the relevant trends in the lives of youths and adults, Fuchs discusses the economic implications of the increases in school attendance and educational levels, and he dwells at length on the employment trends for the various population groups. His views concerning the tremendous rise in labor force participation among women are partic ularly interesting. He sees the gains in real wages and the growth of the service economy— both economic phenom ena— as the principal magnets which have drawn women into the job market in large numbers. He is, of course, aware of other factors such as the rising divorce rates, the declining fertility rate, and the influence of the feminist movement, but says these factors played only a secondary role in facilitating the entry of women into the job market. Regarding the elderly, Fuchs notes with some concern that their number is growing faster than the population as a whole, and he is even more concerned that fewer and fewer are working in their sixties and seventies. Again, he says economic forces are the main reasons for the trend toward early retirement. He points, in particular, to the general increase in social security benefits and to the secular decline in self-employment opportunities, but he is aware that other factors such as age discrimination and mandatory retirement have also played a part in these trends. It should be noted that while Fuchs is correct about the historical trends, he seems to have overlooked the recent rebound in self-employment, which has actually risen by 2 million, or nearly 30 percent, since the early 1970’s. Fuchs would like to see a reversal of the trend toward early retirement, and suggests measures which seem to be very much in line with those recently enacted into law, including an eventual increase in the minimum age for re tirement under social security. Fuchs is also worried about the rising costs of health care for the elderly. He endorses a health insurance scheme that would no longer automati cally reimburse doctors and hospitals in line with their costs but would, instead, “ deliver care for a fixed amount per person or per family per year,” with medicare and medicaid beneficiaries being given vouchers entitling them to join such plans. Throughout the book, Fuchs recognizes— and laments— the diminishing role of the family in American society. For example, he finds it unfair that schools are blamed for the prolonged decline in scholastic test scores among children and youth. He blames, instead, too little discipline at home (where many children now have only one parent) and too much TV watching. And while lamenting the declining role of the family, Fuchs cannot help but note the growing role of government, which he views, at best, with mixed feel ings. He recognizes that . . . “ Government is needed to help people cope with forces that would otherwise over whelm them ” . . . but he would clearly like to see the gov ernment out of certain areas which it has entered. For example, he is totally convinced that the imposition of a minimum wage by the Federal Government has adversely affected the job market for youths in general, and for black youths in particular. In short, Fuchs’ book gives us a very insightful look at our lives in an economic setting. In suggesting various mea sures that might be adopted to help us cope with the most common problems we are likely to encounter during our life cycle, Fuch offers no panaceas. He is aware of the pros and cons of the initiatives he is suggesting and he lays them out in a most pragmatic fashion. This book offers a lot to the reader, both in terms of what it tells us about our lives, as well as what it suggests to improve our lives. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — Paul Flaim Chief, Division of Data Development and Users’ Services Bureau of Labor Statistics The burden of daily work Women and Poverty in the Third World. Edited by Mayra Buvinic, Margaret A. Lycette, William Paul McGreevey. Baltimore, M d., The Johns Hopkins Uni versity Press, 1983. 329 pp. $27.95 During a lecture tour in Zambia, I became fully aware of the critical role played by women in that developing country’s agriculture. Wherever one travels in the Third World, women are engaged in agricultural work. But, like many others, I had been of the opinion that these women were additional, supplemental, marginal labor who worked in the fields between household chores and child rearing, while the men were responsible for the organization and overall success or failure of the yield of the land. Zambia caused me to refocus my thinking. In Zambia, copper was where the money had been in colonial times and mining and its related occupations offered high wages and opportunities. While the men had traditionally migrated or commuted to these jobs, the women were left behind to plant the crops, organize the season’s work, and market surplus products. In entire regions, agriculture has largely been the responsibility of women. Yet, I knew that training programs sponsored by foreign donors were generally de signed to teach men better farming methods and women cottage industry type activities. Traditional concepts on the part of Western nations have been slow to give way to the actualities of the Third World. If the authors had accomplished nothing more than to inform policymakers that women are a critical and viable element of the production process in Third World nations and that economic change requires skills training for both men and women, they would have made a major contri bution. But the book does more than this. In a series of essays, the authors cover a broad range of problems affecting women in an attempt to show how these, and resultant poverty, continue to be countervailing forces for the eco nomic development efforts of international donors. The 12 essays are preceded by two authored by the editors, which summarize and highlight findings of the individual chapters. They also skillfully analyze the effects of these findings on Third World women, the next generation, and the prospects for development. This book will be of particular interest to those who are involved in the status of women, but it will also appeal to a general audience. It presents a thesis which, in the con tinual redesign of our Western approach to aid for the Third World, has never been properly developed and, therefore, has never received the attention it deserves. As Nancy Birdsail and William McGreevey state on the initial page of the book ” . . . The ‘woman issue,’ once thought of as no more than a welfare issue, affects the prospects of efficiency, growth, and development in the economy as a w hole.” Because it calls for a serious reconsideration of development strategies in a number of areas and a review of the allocation 77 MONTHLY LABOR REVIEW November 1983 • Book Reviews of funds for various purposes such as improving female productivity versus family welfare efforts, this book will also be of special interest to project directors of international economic development. Making Birdsall’s and M cGreevey’s point reflected in that sentence is the main objective of the book. The first section, containing four essays, deals with women and work. It concentrates on the numerous roles played by women in developing countries. The role of homemaker in itself is a dual one because the wife and mother not only performs the customary functions of the homemaker in the Western world but also transforms raw materials into products usu ally produced in the manufacturing industry in the West. In addition, she also performs labor market work outside the home. Both the qualitative and quantitative problems inherent in these multifunctions are examined in the four chapters which make up the second section of the book entitled “ women and w elfare.” Its findings indicate that productiv ity suffers all around. The need to work reflects on the time women can spend with their children, but the time spent with the children dictates the type of market work they can take on. The fact that women must combine child rearing with work outside the home requires that the older children help with both homework and market work as soon as they are capable of doing so, resulting in fatigue, neglect of their studies, and, often, poor health. The authors make it clear that in most instances it is not the societal structure that dictates the lot of these women— it’s economics. It is the financial need to perform three different types of jobs, none of which, given the circum stances, can be done properly. How much better the supply of food and quality of nutrition for the family had the women received proper instruction in agriculture. How much better the quality of their lives and those of their neighbors were they able to have surplus to sell from their agricultural labors. How much better the quality of the nation’s labor force were they able to free their children from early labor to attend school or training, supply them with better nutri tion, and devote more time to overseeing their fullest de velopment. All of the above are especially true for households that are headed by women. These are discussed in the two essays contained in section 3 of the book. Although, as the authors point out, statistics on the proportion of families headed by women are poor or totally lacking, it is clear that this pro portion of the population is rapidly increasing. Major rea sons are the rapid migration of males to the cities for work, partly as a result of better communication and transportation, and the general disintegration of the family structure as a result of divorce and separation. The final two essays— in section 4— deal with the lack of statistical information on women in the Third World. It would have been helpful to the reader if this discussion had appeared earlier in the book. Perhaps the editors thought 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the book would be more readable if statistical data were placed at the end. However, the lack of official interest in the plight of women shown in this chapter is of major con sequence and would have been a useful reminder as the reader progressed through the remainder of the book. Women and Poverty in the Third World is an exceptionally thoughtful, scholarly, well-researched, and documented work. In addition to their own rigorous research, the authors have drawn extensively on other literature and have succeeded in pulling together a wide variety of material. They have attempted to draw attention away from the welfare-oriented programs which focused on women, to policies designed to increase wom en’s productivity whether in the home or in market work. They also point to the important misconcep tion that the economic status of women is a zero-sum game— that is, gains to women must be a loss to men. They plead, instead, for an antipoverty strategy that justifies assistance to poor women in terms of economic growth rather than welfare and is embodied in projects to raise women’s pro ductivity and income. This reviewer, who has been active for many years in the labor economic aspects of economic development, wholeheartedly concurs with this plea. — Ellen M. B u ssey Consulting Labor Economist McLean, Va. Publications received Agriculture and natural resources Buceóla, Steven T ., “ Risk Preferences and Short-Run Pricing Efficiency,” A m e r ic a n J o u r n a l o f A g r ic u ltu r a l E c o n o m ic s , August 1983, pp. 587-91. Carl, Ella, Richard L. Kilmer, Lawrence W. Kenny, “ Evaluating Implicit Prices of Intermediate Products,” A m e r ic a n J o u r n a l o f A g r ic u ltu r a l E c o n o m ic s , August 1983, pp. 592-95. Dhir, Krishna S., Joann B. Stewart, Willie E. Hopkins, “ Coal: A Diminishing Hope for A merica’s Energy N eeds,” B u s in e s s a n d S o c ie ty , Spring 1983, pp. 35 -3 9 . Duncan, Marvin, “ Financing Agriculture in the 1980s,” E c o n o m ic R e v ie w , Federal Reserve Bank of Kansas City, Ju ly August 1983, pp. 3 -1 2 . Hottel, J. Bruce and Bruce L. Gardner, “ The Rate of Return to Investment in Agriculture and Measuring Net Farm Incom e,” A m e r ic a n J o u r n a l o f A g r ic u ltu r a l E c o n o m ic s , August 1983, pp. 5 53-57. Quizon, Jaime B. and Hans P. Binswanger, “ Income Distribution in Agriculture: A Unified A pproach,” A m e r ic a n J o u r n a l o f A g r ic u ltu r a l E c o n o m ic s , August 1983, pp. 5 26-38. Economic and social statistics Anderton, Douglas L ., Joseph Conaty, Thomas W. Pullman, “ Population Estimates from Longitudinal Records in O th erwise Data-Deficient Settings,” D e m o g r a p h y , August 1983, pp. 2 73-84. Bernstein, Jeffrey I., “ Investment, Labor Skills, and Variable Factor Utilization in the Theory of the Firm ,” T h e C a n a d ia n J o u r n a l o f E c o n o m ic s , August 1983, pp. 463-79. T h e C a n a d ia n J o u r n a l o f E c o n o m ic s , August 1983, pp. 4 2 0 - 28. Ham, John C ., “ Estimation of a Labor Supply Model with Cen soring Due to Unemployment and Underemployment,” R e v ie w o f E c o n o m ic S tu d ie s , July 1982, pp. 335-54. Economic and Social Committee of the European Communities, T r a n s p o r t P o lic y in th e 1 9 8 0 s : O p in io n . Brussels, Belgium, Economic and Social Committee of the European Commu nities, 1983, 99 pp. Harris, Milton and Bengt Holmstrom, “ A Theory of Wage Dy nam ics,” R e v ie w o f E c o n o m ic S tu d ie s , July 1983, pp. 3 1 5 33. Freedman, David H ., “ Seeking a Broader Approach to Employ ment and W orklife in Industrialized Market-Economy Coun tries,” L a b o u r a n d S o c ie ty , A pril-June 1983, pp. 107-22. MacDonald, Glenn M ., “ The Size and Structure of Union-Nonunion Wage Differentials in Canadian Industry: Corrobora tion, Refinement, and Extension,” T h e C a n a d ia n J o u r n a l o f E c o n o m ic s , August 1983, pp. 480-85. Levy, Michael E. and others, A W o r ld E c o n o m ic P e r s p e c t i v e . New York, The Conference Board, 1983, 15 pp. (Economic Policy Issues, 3.) Pakistan, Federal Bureau of Statistics, H o u s e h o ld I n c o m e a n d E x p e n d itu r e S u r v e y , 1 9 7 9 , Karachi, Government of Pakistan, Federal Bureau of Statistics, Statistics Division, 1983, 365 pp. Rosen, Sherwin, T h e E q u ilib r iu m A p p r o a c h to L a b o r M a r k e ts . Cambridge, M ass., National Bureau of Economic Research, Inc., 1983, 57 pp. ( n b e r Working Paper Series, 1165.) $1.50. U.S. Bureau of the Census, A m e r i c a ’s B la c k P o p u la tio n , 1 9 7 0 to 1 9 8 2 : A S ta tis tic a l V ie w . By William C. Matney and Dwight L. Johnson. Washington, U.S. Department of Commerce, Bureau of the Census, Office of Public Information, 1983, 27 pp. (Special Publication P 1 0 /P O P -8 3 -1 .) Stock No. 0 0 3 024 -0 5 6 2 4 -1 . $3.50, Superintendent of Documents, Wash ington 20204. Wiesmeth, Hans, “ Price Discrimination Based on Imperfect In formation: Necessary and Sufficient C onditions,” R e v ie w o f E c o n o m ic S tu d ie s , July 1982,-pp. 391-402. Industrial relations Bazerman, Max H. and Henry S. Farber, A r b itr a to r D e c is io n M a k in g : W hen A r e F in a l O ffers I m p o r ta n t? Cambridge, Mass., National Bureau of Economic Research, Inc., 1983, 39 pp. ( n b e r Working Paper Series, 1183.) $1.50. Flanagan, Robert J., David W. Soskice, Lloyd Ulman, U n io n ism , E c o n o m ic S ta b iliz a tio n , a n d I n c o m e s P o lic ie s : E u r o p e a n E x Washington, The Brookings Institution, 1983, 705 pp. $36.95; cloth; $18.95, paper. p e r ie n c e (S tu d ie s in W a g e - P r ic e P o lic y ) . Levitan, Sar A. and Clifford M. Johnson, “ Labor and Manage ment: The Illusion of C ooperation,” H a r v a r d B u s in e s s R e v ie w , Septem ber-October 1983, beginning on p. 8. Voight, Christopher J., “ Age Discrimination: Implications of the Wyoming D ecision,” C a lif o r n ia P u b lic E m p lo y e e R e la tio n s , September 1983, pp. 2 -9 . Wood, W. D. and Pradeep Kumar, eds., T h e C u r r e n t I n d u s tr ia l R e la tio n s S c e n e in C a n a d a , 1 9 8 3 . Kingston, Ontario, Queen’s University, Industrial Relations Center, 1983, 557 pp. $50, paper. International economics Burgess, David F., “ The Impact of Foreign Trade Distortions on the Social Discount R ate,” T h e C a n a d ia n J o u r n a l o f E c o n o m ic s , August 1983, pp. 486-507. Coe, David and Gerald Holtham, “ Rising Income— The ‘Split’ Between Output and Inflation,” T h e o e c d O b s e r v e r , July 1983, pp. 23-27. Das, Satya, P., “ Multinational Enterprise Under Uncertainty,” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Norton, W. E. and R. McDonald, “ The Decline in Australia’s Economic Performance in the 1970s: An Analysis of Annual D ata,” A u s tr a lia n E c o n o m ic P a p e r s , June 1983, pp. 1-29. Timmer, C. Peter and Michael R. Reich, “ Japan and the U.S.: Trading Shots Over Beef and O ranges,” C h a lle n g e , September-O cober 1983, pp. 18-24. Tokyo Metropolitan Government, C ity P la n n in g o f T o k y o . Tokyo, Japan, Tokyo Metropolitan Government, The Liaison and Protocol Section, International Communications Division, Bureau of Citizens and Cultural Affairs, 1983, 144 pp. ( t m g Municipal Library, 13.) von Furstenberg, George M ., “ Domestic Determinants of the Cur rent Account Balance of the United States,” Q u a r te r ly J o u r n a l o f E c o n o m ic s , August 1983, pp. 401-25. W eyant, John P., “ The Energy Crisis Is Over . . . A gain,” C h a l le n g e , Septem ber-O ctober 1983, pp. 12-17. Labor and economic history Bullock, Paul and others. B u ild in g C a lif o r n ia : T h e S to r y o f th e C a r p e n t e r ’s U n io n . Los Angeles, University of California, Institute of Industrial Relations, Center for Labor Research and Education, 1982, 388 pp. Sturmthal, Adolf, L e ft o f C e n te r : E u r o p e a n L a b o r S in c e W o r ld W a r II. Urbana, The Board of Trustees of the University of Illinois, 1983, 302 pp. $21.95, University of Illinois Press, Champaign, 111. Labor force Great Britain, Department of Employment, “ Equal Opportunities for Women in Em ploym ent,” by Michael W ebb, E m p lo y m e n t G a z e tte , August 1983, pp. 335-37. ----------“ Unemployment Flows: New Statistics,” E m p lo y m e n t G a z e t te , August 1983, pp. 351-58. McGavin, P. A ., “ Equal Pay for Women: A Re-Assessment of the Australian Experience,” A u s tr a lia n E c o n o m ic P a p e r s , June 1983, pp. 4 8 -6 7 . Piel, Gerard, “ Re-entering Paradise: The Mechanization of W ork,” C h a lle n g e , Septem ber-O ctober 1983, pp. 4 -1 1 . Monetary and fiscal policy Di Clemente, John J., “ Including Thrifts in Bank Merger Anal y sis,” E c o n o m ic P e r s p e c t i v e s , Federal Reserve Bank of Chi cago, July-A ugust 1983, pp. 3 -1 6 . Hughes, Dean W ., “ Financial Condition of Agricultural Lenders in a Time of Farm D istress,” E c o n o m ic R e v ie w , Federal Reserve Bank of Kansas City, July-A ugust 1983, pp. 13- 79 MONTHLY LABOR REVIEW November 1983 • Book Reviews Wood, John H ., “ Do Yield Curves Normally Slope Up? The Term Structure of Interest Rates, 1862-1982,” E c o n o m ic P e r s p e c tiv e s , Federal Reserve Bank of Chicago, July-A ugust 1983, pp. 17-23. Chen, Yung-Ping, T h e L o n g - R a n g e o a s d i D e f ic it. (Testimony at Hearings before the Social Security Subcommittee, Ways and Means Committee, House of Representatives, Feb. 9, 1983). 9 pp. Available from the Communications Office at The American College, Bryn Mawr, Pa. Productivity and technological change Sen, Amartya, Poor, Relatively Speaking,” O x f o r d E c o n o m ic P a p e r s , July 1983, pp. 153-69. Graham-Moore, Brian E. and Timothy L. Ross, P r o d u c tiv ity G a in s h a r in g : H o w E m p lo y e e I n c e n tiv e P r o g r a m s C a n I m p r o v e B u s in e ss P e r f o r m a n c e . Englewood Cliffs, N .J., Prentice-Hall, Inc., 1983, 173 pp. $18.95, cloth; $8.95, paper. Great Britain, Department of Employment, “ A ‘Culture of Change’ in the Electronics Industry,” by John Pugh, E m p lo y m e n t G a z e tte , August 1983, pp. 359-64. ----------“ Technological Changes and the Content of Jobs,” by G. C. White, E m p lo y m e n t G a z e tte , August 1983, pp. 3 2 9 34. “ State Retirement Systems: 10th Annual Survey,” P e n s io n W o r ld , August 1983, pp. 5 3 -67. Worker training and development Great Britain, Department of Employment, “ Youth Training Scheme and Training for Skill O w nership,” by Chris Hayes, Nickie Fonda, Chris Noble, E m p lo y m e n t G a z e tte , August 1983, pp. 344-48. Taylor, Robert E ., Howard Rosen, Frank C. Pratzner, eds., R e s p o n s iv e n e s s o f T r a in in g I n s titu tio n s to C h a n g in g L a b o r M a r Great Britain, Manpower Services Commission, M o n ito r in g N e w T e c h n o lo g y a n d E m p lo y m e n t. By Tim Brady and Sonia Liff. Sheffield, Yorkshire, England, Manpower Services Commis sion, Manpower Intelligence and Planning, 1983, 67 pp. “ Robots: The Users and the M akers,” T h e 1983, pp. 11-17. o e c d O b server, Columbus, The Ohio State University, The National Center for Research in Vocational Education, 1983 341 pp. ’ g ket D em a n d s. July -------------------------------------------------------------------------------------U .S . Postal S ervice S T A T E M E N T O F O W N E R S H IP , M A N A G E M E N T A N D C IR C U L A T IO N (R equ ired by 3 9 U .S .C . 3 6 8 5 ) Wages and compensation Ellig, Bruce, “ W hat’s Ahead in Compensation and Benefits,” M a n a g e m e n t R e v ie w , August 1983, pp. 56-61. L o n g - T e r m I n c e n tiv e C o m p e n s a tio n G r a n ts A m o n g th e T o p 2 0 0 : A n n u a l R e p o r t, 1 9 8 3 . New York, Frederick W. Cook & Co., Inc., 1983, 19 pp. Psacharopoulos, George, “ Education and Private Versus Public Sector Pay,” L a b o u r a n d S o c ie ty , A pril-June 1983, pp. 123— 34. U.S. Bureau of Labor Statistics, A r e a W a g e S u r v e y s : P a tte r s o n — C lif to n — P a s s a ic , N e w J e r s e y M e tr o p o lita n A r e a , A p r il 1 9 8 3 (Bulletin 3020-24, 42 pp., $ 3 .7 5 ); R ic h m o n d , V ir g in ia , M e t r o p o lita n A r e a , J u n e 1 9 8 3 (Bulletin 3020-25, 43 pp., $3.75); F r e s n o , C a lif o r n ia , M e tr o p o lita n A r e a , J u n e 1 9 8 3 (Bulletin 3 0 2 0 -2 6 , 40 pp ., $3.75); P r o v i d e n c e — W a r w ic k — P a w tu c k e t, R h o d e I s la n d —M a s s a c h u s e tts , M e tr o p o lita n A r e a , J u n e 1 9 8 3 (Bulletin 3020-27, 34 pp., $3.75). Available from the S uperintendent o f D ocum ents, W ashington 20402, g p o bookstores, or b l s regional offices. ---------- E m p lo y e e B e n e fits in M e d iu m a n d L a r g e F ir m s , 1 9 8 2 . Washington, 1983, 456 pp. (Bulletin 2176.) Stock No. 0 2 9 0 0 1 -0 2 7 6 1 -3 . $4.50, Superintendent of Documents, W ash ington 20402. Welfare programs and social insurance Burtless, Gary and Jerry Hausman, ‘D o u b le D i p p i n g ”: T h e C o m b in e d E ffe c ts o f S o c ia l S e c u r ity a n d C i v i l S e r v ic e P e n s io n s Reprinted from the J o u r n a l o f P u b lic E c o n o m ic s , Vol. 18, 1982, pp. 139-59. Cambridge, Mass., National Bureau of Economic Research, Inc. ( n b e r Reprint No. 138.) $1.50. 1. 2. 3. 4. 5. T itle of Publication: M onthly Labor R eview D a te of Filing: 1 1 -9 -8 3 Freq u en cy of issue: M onthly A nnual Subscription Price: $ 2 6 Location of Know n O ffice of Publication: 441 G S tree t, N W 20212 W ash inaton D C ’ « ■ ■ • 6. Location of the H ead q u arters of G e n e ra l Business O ffices of the Publishers: 441 G S treet, N .W ., W ash ington, D .C . 2 0 2 1 2 7. N a m e s and C o m p lete A ddre sses of Publisher, Editor, and Executive Editor: P u b lisher: U .S . D ep a rtm en t of Labor, B ureau of Labor Statistics, 441 G Street, N .W ., W ash ington, D .C . 2 0 2 1 2 ; Editor: H en ry Low enstern, sa m e address; Executive Editor: R obert Fisher, s am e address 8. O w n er: U .S . D ep a rtm en t of Labor, B ureau of Labor Statistics, 441 G Street, N W W ash ington, D .C . 2 0 2 1 2 9. Know n B ondholders, M o rtg a g ees, and O th er S ecurity H olders O w ning or Holding 1 P erc en t or M o re of Total A m ount of Bonds, M o rtga ges or O th er Securities' N one 10. E xtent and N atu re of Circulation: A ctu a l No. of A v e ra g e No. C o p ie s of C opies E ach Single Issue Issue D u ring P ub lish ed P re c e d in g N e a re s t To 12 M onths Filing D ate A. T o t a l n u m b e r c o p i e s p r in t e d (n e t p r e s s r u n ) ................... B. Paid circulation: 1. S a le s through dealers and carriers, street ve n dors, and counter s a l e s .............................................. 2 . M a il s u b s c r ip tio n s ............................................................ C . T o t a l p a id c i r c u la t i o n .................................................................. D. F re e distribution by mail, carrier, or other m eans ( s a m p l e s , c o m p li m e n t a r y , a n d o t h e r fr e e c o p i e s ) .. E. T otal distribution (sum of C and D ) ................................... F. C o p ie s not distributed: 1. O ffice use, leftover, unaccounted, spoiled after p r in t in g ............................................................................... 2. R eturn s from new s agen ts ........................................... G . T otal (sum of E, F1 and 2 — should equal net press run show n in A ) ......................................................................... 1 5 ,3 8 7 1 5 ,1 3 3 1 ,6 3 0 1 1 ,8 4 5 1 3 ,4 7 5 1,42 7 1T845 1 3 ,2 7 2 1 ,7 1 2 1 5 ,1 8 7 1,711 14^983 200 na 1 5 ,3 s / 1 50 NA 1 5 ,1 3 3 o n E m p lo y e e R e tir e m e n t. 80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I certify that th e state m en ts m ad e by m e ab o v e a re correct and com p lete. (S igned) H enry Low enstern, Editor-in-C hief Current Labor Statistics Notes on Current Labor Statistics 82 Schedule of release dates for major BLS statistical series 82 Employment data from household survey. Definitions and notes 83 83 84 85 1 . Employment status of the noninstitutional population, selected years, 2. 3. 4. 5. 6. 7. 8. 1950-82 ........................................................... Employment status of the population, including Armed Forces in the UnitedStates, by sex, seasonally adjusted . . . . Employment status of the civilian population by sex, age, race, and Hispanic origin, seasonally ad ju sted.................... Selected employment indicators, seasonally ad ju sted ...................................................................................................................... Selected unemployment indicators, seasonally ad ju sted ................................................................................................................. Unemployment rates, by sex and age, seasonally adjusted . . .•.................................................................................................... Unemployed persons, by reason for unemployment, seasonally ad ju sted ................................................................................. Duration of unemployment, seasonally adjusted............................................................................................................................... Employment, hours, and earnings data from establishment surveys. Definitions and notes 9. 10. 11. 12. 13. 14. 15. 16. 17. Employment by industry, selected years, 1950-82 ........................................................................................................................ Employment by State .............................................................................................................................................................................. Employment by industry division and major manufacturing group, seasonally adjusted ....................................................... Hours and earnings, by industry division, selected years, 1950-82 ........................................................................................... Weekly hours, by industry division and major manufacturing group, seasonally adjusted .................................................. Hourly earnings, by industry division and major manufacturing group .................................................................................... Hourly Earnings Index, by industry division ................................................................................................................................... Weekly earnings, by industry division and major manufacturing group .................................................................................... Indexes of diffusion: industries in which employment in creased .................................................................................................. Unemployment insurance data. Definitions............................................................................................................................... 18. Unemployment insurance and employment service operations 86 88 88 88 89 90 ^ 91 92 93 94 94 95 95 96 .................................................................................................... 96 ........................................................................................................................................................ Consumer Price Index, 1967-82 .......................................................................................................................................................... Consumer Price Index, U.S. city average, generalsummary andselected it e m s ....................................................................... Consumer Price Index, cross-classification of region andpopulationsize c l a s s .............. ................................................. Consumer Price Index, selected areas ................................................................................................................................................. Producer Price Indexes, by stage of processing ............................................................................................................................... Producer Price Indexes, by commodity groupings ........................................................................................................................... Producer Price Indexes, by special commodity groupings ............................................................................................................. Producer Price Indexes, by durability of product ............................................................................................................................. Producer Price Indexes for the output of selected SIC industries ................................................................................................ 97 98 98 104 105 106 107 109 109 110 Productivity data. Definitions and notes .......................................................................................... m Price data. Definitions and notes 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. Annual indexes pf productivity, hourly compensation, unit costs, and prices, selected years, 1950-82 ......................... Annual changes in productivity, hourly compensation, unit costs, and prices, 1972-82 ..................................................... Quarterly indexes of productivity, hourly compensation, unit costs, and prices, seasonally adjusted ................................ Percent change from preceding quarter and year in productivity, hourly compensation, unitcosts, and p r ic e s ............... Wage and compensation data. Definitions and notes ..................................................................... 32. 33. 34. 35. 36. Employment Cost Index, total compensation, by occupation and industry group .................................................................. Employment Cost Index, wages and salaries, by occupation and industry group .................................................................. Employment Cost Index, private nonfarm workers, by bargaining status, region, and areasize ......................................... Wage and compensation change, major collective bargaining settlements, 1978 to d a te ....................................................... Effective wage adjustments in collective bargaining units covering 1,000 workers or more,1978 to date ....................... Work stoppage data. Definition .......................................................................................................................................................... 37. Work stoppages involving 1,000 workers or more, 1947 to date ............................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ill 112 H3 114 n5 116 117 118 119 119 120 120 81 NOTES ON CURRENT LABOR STATISTICS This section of the R e v ie w presents the principal statistical series collected and calculated by the Bureau of Labor Statistics. A brief introduction to each group of tables provides definitions, notes on the data, sources, and other material usually found in footnotes. Readers who need additional information are invited to consult the BLS regional offices listed on the inside front cover of this issue of the R e v ie w . Some general notes applicable to several series are given below. Seasonal adjustment. Certain monthly and quarterly data are adjusted to eliminate the effect o f such factors as climatic conditions, industry pro duction schedules, opening and closing of schools, holiday buying periods, and vacation practices, which might otherwise mask short-term movements o f the statistical series. Tables containing these data are identified as “ sea sonally adjusted." Seasonal effects are estimated on the basis of past experience. When new seasonal factors are computed each year, revisions may affect seasonally adjusted data for several preceding years. Seasonally adjusted labor force data in tables 3 - 8 were revised in the February 1983 issue o f the Review, to reflect experience through 1982. Beginning in January 1980, the BLS introduced two major modifications in the seasonal adjustment methodology for labor force data. First, the data are being seasonally adjusted with a new procedure called X -11/ ARIMA, which was developed at Statistics Canada as an extension of the standard X-l 1 method. A detailed description of the procedure appears in The X -ll ARIMA Seasonal Adjustment Method by Estela Bee Dagum (Statistics Canada Catalogue No. 12-564E, February 1980). The second change is that seasonal factors are now being calculated for use during the first 6 months o f the year, rather than for the entire, year, and then are calculated at mid-year for the July-December period. Revisions of historical data continue to be made only at the end of each calendar year. Annual revision of the seasonally adjusted payroll data shown in tables 11, 13, and 15 were made in August 1981 using the X- l l ARIMA seasonal adjustment methodology. New seasonal factors for productivity data in tables 29 and 30 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month to month and from quarter to quarter are published for numerous Consumer and Producer Price Index series. Flowever, seasonally adjusted indexes are not published for the U.S. average All Items CPI. Only seasonally adjusted percent changes are available for this series. Adjustments for price changes. Some data are adjusted to eliminate the effect of changes in price. These 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 resulting values are described as “ real,” “ constant,” or “ 1967” dollars. Availability of information. Data that supplement the tables in this section are published by the Bureau of Labor Statistics in a variety of sources. Press releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule given below. More information from household and establishment surveys is provided in Employment and Earnings, a monthly publication of the Bureau. Comparable household information is published in a two-volume data book -Labor Force Statistics Derived From the Current Population Survey, Bulletin 2096. Comparable establishment information appears in two data books-Employment and Earnings, United States, and Emploxment and Earnings, States and Areas, and their annual supplements. More detailed information on wages and other aspects of collective bargaining appears in the monthly periodical, Current Wage Developments. More detailed price information is published each month in the periodicals, the CP1 Detailed Report and Producer Prices and Price Indexes. Symbols p = preliminary. To improve the timeliness of some series, pre liminary figures are issued based on representative but in complete returns. r = revised. Generally, this revision reflects the availability of later data but may also reflect other adjustments, n.e.c. = not elsewhere classified. S ch edule of release dates for BLS statistical series S e rie s R elease Perio d R e le a s e Perio d date R e le a s e covered P erio d date covered date covered E m p lo y m e n t C o s t I n d e x ...................... N ovem ber 3 E m p lo y m e n t s it u a tio n N ovem ber 4 O c to b e r N ovem ber 9 3 r d q u a r te r .................. U . S . I m p o r t a n d E x p o r t P r ic e In d e x e s P r o d u c e r P r ic e I n d e x . . . . ............................... 3 r d q u a r te r M L R ta b le 3 2 -3 4 D ecem ber 2 N ovem ber J a n u a ry 6 D ecem ber 1 -1 1 N o ve m b e r 10 O c to b e r D e c e m b e r 16 N ovem ber J a n u a ry 13 D ecem ber 2 3 -2 7 C o n s u m e r P r ic e I n d e x .................. N o ve m b e r 23 O c to b e r D e c e m b e r 21 N ovem ber J a n u a ry 24 D ecem ber 1 9 -2 2 R e a l e a r n i n g s ........................................ N ovem ber 23 O c to b e r D e c e m b e r 21 N ovem ber J a n u a ry 24 D ecem ber 1 2 -1 6 J a n u a ry 25 4 t h q u a r te r 2 8 -3 1 J a n u a ry 27 1983 3 5 -3 6 P r o d u c t i v it y a n d c o s ts : N o n f in a n c ia l c o r p o r a t i o n s ............................... N o n f a r m b u s in e s s a n d m a n u fa c t u r in g J . . . M a jo r c o lle c tiv e b a r g a in in g s e t t le m e n t s . . . . 82 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N ovem ber 30 3 r d q u a r te r EMPLOYMENT DATA FROM THE HOUSEHOLD SURVEY in this section are obtained from the Current Population Survey, a program of personal interviews conducted monthly by the Bureau of the Census for the Bureau of Labor Statistics. The sample consists of about 60,000 households selected to represent the U.S population 16 years of age and older. House holds are interviewed on a rotating basis, so that three-fourths of the sample is the same for any 2 consecutive months. E m p l o y m e n t d a t a Definitions Employed persons include (1) all civilians who worked for pay any time during the week which includes the 12th day of the month or who worked unpaid for 15 hours or more in a family-operated enterprise and (2) those who were temporarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. Members of the Armed Forces stationed in the United States are also included in the em ployed total. A person working at more than one job is counted only in the job at which he or she worked the greatest number of hours. Unemployed persons are those who did not work during the survey week, but were available for work except for temporary illness and had looked for jobs within the preceding 4 weeks. Persons who did not look for work because they were on layoff or waiting to start new jobs within the next 30 days are also counted among the unemployed. The overall unemployment rate represents the number unemployed as a percent of the labor force, including the resident Armed Forces. The unemployment 1. rate for all civilian workers represents the number unemployed as a percent of the civilian labor force. The labor force consists of all employed or unemployed civilians plus members of the Armed Forces stationed in the United States. Persons not in the labor force are those not classified as employed or unemployed; this group includes persons who are retired, those engaged in their own housework, those not working while attending school, those unable to work because of long-term illness, those discouraged from seeking work because of personal or job market factors, and those who are voluntarily idle. The noninstitutional population comprises all persons 16 years of age and older who are not inmates of penal or mental institutions, sani tariums, or homes for the aged, infirm, or needy, and members of the Armed Forces stationed in the United States. The labor force participation rate is the proportion of the noninstitutional population that is in the labor force. The employment-population ratio is total employment (including the resident Armed Forces) as a percent of the noninstitutional population. Notes on the data From time to time, and especially after a decennial census, adjustments are made in the Current Population Survey figures to correct for estimating errors during the preceding years. These adjustments affect the compara bility of historical data presented in table 1. A description of these ad justments and their effect on the various data series appear in the Explanatory Notes of Employment and Earnings. Data in tables 2 - 8 are seasonally adjusted, based on the seasonal ex perience through December 1982. E m ploym ent status of the noninstitutional population, 16 years and over, selected years, 1 9 5 0 -8 2 [ N u m b e r s in t h o u s a n d s ] Labor force U n e m p lo y e d Em ployed Year N o n in s ti tu tio n a l p o pulation Not in C iv ilia n N u m b er P ercent ot p o pulation Total P ercent ol p opulation P e rc e n t ot N o n a g ri- A rm ed Forces Total A g ricu ltu re Num ber c u ltu ral la b o r torce la b o r force in d u stries 1950 ...................... 1 0 6 ,1 6 4 6 3 ,3 7 7 5 9 .7 6 0 ,0 8 7 5 6 .6 1 ,1 6 9 5 8 ,9 1 8 7 ,1 6 0 5 1 ,7 5 8 3 ,2 8 8 5 2 4 2 ,7 8 7 1955 ...................... 1 1 1 ,7 4 7 6 7 ,0 8 7 6 0 .0 6 4 ,2 3 4 5 7 .5 2 ,0 6 4 6 2 ,1 7 0 6 ,4 5 0 5 5 ,7 2 2 2 ,8 5 2 4 .3 4 4 ,6 6 0 1960 ...................... 1 1 9 ,1 0 6 7 1 ,4 8 9 6 0 .0 6 7 ,6 3 9 5 6 .8 1 ,8 6 1 6 5 ,7 7 8 5 ,4 5 8 6 0 ,3 1 8 3 ,8 5 2 5 .4 4 6 ,6 1 7 1965 ...................... 1 2 8 ,4 5 9 7 6 ,4 0 1 5 9 .5 7 3 ,0 3 4 5 6 .9 1 ,9 4 6 7 1 ,0 8 8 4 ,3 6 1 6 6 ,7 2 6 3 ,3 6 6 4 .4 5 2 ,0 5 8 1966 ...................... 1 3 0 ,1 8 0 7 7 ,8 9 2 5 9 .8 7 5 ,0 1 7 5 7 .6 2 ,1 2 2 7 2 ,8 9 5 3 ,9 7 9 6 8 ,9 1 5 2 ,8 7 5 3 .7 5 2 ,2 8 8 1967 ...................... 1 3 2 ,0 9 2 7 9 ,5 6 5 6 0 .2 7 6 ,5 9 0 5 8 .0 2 ,2 1 8 7 4 ,3 7 2 3 ,8 4 4 7 0 ,5 2 7 2 ,9 7 5 3 .7 5 2 ,5 2 7 1968 ...................... 1 3 4 ,2 8 1 8 0 ,9 9 0 6 0 .3 7 8 ,1 7 3 5 8 .2 2 ,2 5 3 7 5 ,9 2 0 3 ,8 1 7 7 2 ,1 0 3 2 ,8 1 7 3 .5 5 3 ,2 9 1 3 ,6 0 6 7 4 ,2 9 6 2 ,8 3 2 3 .4 5 3 ,6 0 2 3 ,4 6 3 7 5 ,2 1 5 4 ,0 9 3 4 .8 5 4 ,3 1 5 5 5 ,8 3 4 1969 ...................... 1 3 6 ,5 7 3 8 2 ,9 7 2 6 0 .8 8 0 ,1 4 0 5 8 .7 2 ,2 3 8 7 7 ,9 0 2 1970 ...................... 1 3 9 ,2 0 3 8 4 ,8 8 9 6 1 .0 8 0 ,7 9 6 5 8 .0 2 ,1 1 8 7 8 ,6 7 8 1971 ...................... 1 4 2 ,1 8 9 8 6 ,3 5 5 6 0 .7 8 1 ,3 4 0 5 7 .2 1 ,9 7 3 7 9 ,3 6 7 3 ,3 9 4 7 5 ,9 7 2 5 ,0 1 6 5 .8 8 2 ,1 5 3 3 ,4 8 4 7 8 ,6 6 9 4 ,8 8 2 5 .5 5 7 ,0 9 1 3 ,4 7 0 8 1 ,5 9 4 4 ,3 5 5 4 .8 5 7 ,6 6 7 1972 ...................... 1 4 5 ,9 3 9 8 8 ,8 4 7 6 0 .9 8 3 ,9 6 6 5 7 .5 1 ,8 1 3 1973 ...................... 1 4 8 .8 7 0 9 1 ,2 0 3 6 1 .3 8 6 ,8 3 8 5 8 .3 1 ,7 7 4 8 5 ,0 6 4 1974 ...................... 1 5 1 ,8 4 1 9 3 ,6 7 0 6 1 .7 8 8 ,5 1 5 5 8 .3 1 ,7 2 1 8 6 ,7 9 4 3 ,5 1 5 8 3 ,2 7 9 5 ,1 5 6 5 .5 5 8 ,1 7 1 1975 ...................... 1 5 4 ,8 3 1 9 5 ,4 5 3 6 1 .6 8 7 ,5 2 4 5 6 .5 1 ,6 7 8 8 5 ,8 4 5 3 ,4 0 8 8 2 ,4 3 8 7 ,9 2 9 8 .3 5 9 ,3 7 7 1976 ...................... 1 5 7 ,8 1 8 9 7 ,8 2 6 6 2 .0 9 0 ,4 2 0 5 7 .3 1 ,6 6 8 8 8 ,7 5 2 3 ,3 3 1 8 5 ,4 2 1 7 ,4 0 6 7 .6 1977 ...................... 1 6 0 ,6 8 9 1 0 0 ,6 6 5 6 2 .6 9 3 ,6 7 3 5 8 .3 1 ,6 5 6 9 2 ,0 1 7 3 ,2 8 3 8 8 ,7 3 4 6 ,9 9 1 6 .9 6 0 ,0 2 5 5 9 ,9 9 1 1978 ...................... 1 5 3 ,5 4 1 1 0 3 ,8 8 2 6 3 .5 9 7 ,6 7 9 5 9 .7 1 ,6 3 1 9 6 ,0 4 8 3 ,3 8 7 9 2 ,6 6 1 6 ,2 0 2 6 .0 5 9 ,6 5 9 1979 ...................... 1 6 6 ,4 6 0 1 0 6 ,5 5 9 6 4 .0 1 0 0 ,4 2 1 6 0 .3 1 ,5 9 7 9 8 ,8 2 4 3 ,3 4 7 9 5 ,4 7 7 6 ,1 3 7 5 .8 5 9 ,9 0 0 1980 ...................... 1 6 9 ,3 4 9 1 0 8 ,5 4 4 6 4 .1 1 0 0 ,9 0 7 5 9 .6 1 ,6 0 4 9 9 ,3 0 3 3 ,3 6 4 9 5 ,9 3 8 7 ,6 3 7 7 .0 6 0 ,8 0 6 1981 ...................... 1 7 1 ,7 7 5 1 1 0 ,3 1 5 6 5 .2 1 0 2 ,0 4 2 5 9 .4 1 ,6 4 5 1 0 0 ,3 9 7 3 ,3 6 8 9 7 ,0 3 0 8 ,2 7 3 7 .5 6 1 ,4 6 0 1982 ...................... 1 7 3 ,9 3 9 1 1 1 ,8 7 2 6 4 .3 1 0 1 ,1 9 4 5 8 .2 1 ,6 6 8 9 9 ,5 2 6 3 ,4 0 1 9 6 ,1 2 5 1 0 ,5 7 8 9 .5 6 2 ,0 6 7 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 83 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Household Data 2. Em ploym ent status of the population, including A rm ed Forces in the U nited States, by sex, seasonally adjusted [ N u m b e r s in t h o u s a n d s ] 1981 198 2 1983 1982 Annual a verag e E m p lo y m e n t status and sex Sept. Oct. Nov. D ec. Jan . Feb. M a r. Apr. M ay June July A ug. S e pt. TOTAL ................................... 1 7 1 ,7 7 5 1 7 3 ,9 3 9 1 7 4 ,3 6 0 1 7 4 ,5 4 9 1 7 4 ,7 1 8 1 7 4 ,8 6 4 1 7 5 ,0 2 1 1 7 5 ,1 6 9 1 7 5 ,3 2 0 1 7 5 ,4 6 5 1 7 5 ,6 2 2 1 7 5 ,7 9 3 1 7 5 ,9 7 0 1 7 6 ,1 2 2 1 7 6 ,2 9 7 ...................................................................... 1 1 0 ,3 1 5 1 1 1 ,8 7 2 1 1 2 ,5 2 8 1 1 2 ,4 2 0 1 1 2 ,7 0 2 1 1 2 ,7 9 4 1 1 2 ,2 1 5 1 1 2 ,2 1 7 1 1 2 ,1 4 8 1 1 2 ,4 5 7 1 1 2 ,4 1 8 1 1 3 ,6 0 0 1 1 3 ,5 3 9 1 1 3 ,9 4 3 1 1 4 ,0 6 3 6 4 .2 6 4 .3 6 4 .5 6 4 .4 6 4 .5 6 4 .5 6 4 .1 6 4 .1 6 4 .0 6 4 .1 6 4 .0 6 4 .6 6 4 .5 6 4 .7 6 4 .7 1 0 2 ,0 4 2 1 0 1 ,1 9 4 1 0 1 ,2 1 3 1 0 0 ,8 4 4 1 0 0 ,7 9 6 1 0 0 ,7 5 8 1 0 0 ,7 7 0 1 0 0 ,7 2 7 1 0 0 ,7 6 7 1 0 1 ,1 2 9 1 0 1 ,2 2 6 1 0 2 ,4 5 4 1 0 2 ,9 4 9 1 0 3 ,2 4 5 1 0 3 ,6 4 0 N o n in s titu t io n a l p o p u l a t i o n 1 ’ 2 L a b o r fo rc e 2 P a r tic ip a t io n r a te 3 ....................................... T o ta l e m p lo y e d 2 E m p lo y m e n t- p o p u la t io n 4 ...................... 5 9 .4 5 8 .2 58 0 5 7 .8 5 7 .7 5 7 .6 5 7 .6 5 7 .5 5 7 .5 5 7 .6 5 7 .6 5 8 .3 5 8 .5 5 8 .6 5 8 .8 ............................... 1 ,6 4 5 1 ,6 6 8 1 ,6 7 0 1 ,6 6 8 1 ,6 6 0 1 ,6 6 5 1 ,6 6 7 1 ,6 6 4 1 ,6 6 4 1 ,6 7 1 1 ,6 6 9 1 ,6 6 8 1 ,6 6 4 1 ,6 8 2 1 ,6 9 5 C iv ilia n e m p l o y e d ................................................ 1 0 0 ,3 9 7 9 9 ,5 2 6 9 9 .5 4 3 9 9 ,1 7 6 9 9 ,1 3 6 9 9 ,0 9 3 9 9 ,1 0 3 9 9 ,0 6 3 9 9 ,1 0 3 9 9 ,4 5 8 9 9 ,5 5 7 1 0 0 ,7 8 6 1 0 1 ,2 8 5 1 0 1 ,5 6 3 1 0 1 ,9 4 5 R e s id e n t A r m e d F o r c e s ’ ......................................................... 3 ,3 6 8 3 ,4 0 1 3 ,3 6 3 3 ,4 1 3 3 ,4 6 6 3 ,4 1 1 3 ,4 1 2 3 ,3 9 3 3 ,3 7 5 3 ,3 7 1 3 ,3 6 7 3 ,5 2 2 3 ,5 2 7 3 ,4 8 9 3 ,2 9 0 N o n a g r ic u ltu r a l i n d u s t r i e s ...................... 9 7 ,0 3 0 9 6 ,1 2 5 9 6 ,1 8 0 9 5 ,7 6 3 9 5 ,6 7 0 9 5 ,6 8 2 9 5 ,6 9 1 9 5 ,6 7 0 9 5 ,7 2 9 9 6 ,0 8 8 9 6 ,1 9 0 9 7 ,2 6 4 9 7 ,7 5 8 9 8 ,0 7 4 9 8 ,6 5 5 A g r ic u ltu r e U n e m p l o y e d ................................................................. U n e m p lo y m e n t r a te 5 ................................... N o t in la b o r f o r c e ......................................................... 8 ,2 7 3 1 0 ,6 7 8 1 1 ,3 1 5 1 1 ,5 7 6 1 1 ,9 0 6 1 2 ,0 3 6 1 1 ,4 4 6 1 1 ,4 9 0 7 .5 9 .5 1 0 .1 1 0 .3 1 0 .6 1 0 .7 1 0 .2 1 0 .2 6 1 ,4 6 0 6 2 ,0 6 7 6 1 ,8 3 2 6 2 ,1 2 9 6 2 ,0 1 6 6 2 ,0 7 0 6 2 ,8 0 6 6 2 ,9 5 2 1 1 ,3 8 1 ' 1 1 ,3 2 8 1 1 ,1 9 2 1 1 ,1 4 6 1 0 ,5 9 0 1 0 ,6 9 9 1 0 ,4 2 3 1 0 .1 1 0 .1 1 0 .0 9 .8 9 .3 9 .4 9 .1 6 3 ,1 7 2 6 3 ,0 0 8 6 3 ,2 0 4 6 2 ,1 9 3 6 2 ,4 3 1 6 2 ,1 7 9 6 2 ,2 3 4 8 4 ,2 6 1 M e n , 1 6 y e a rs and over ................................... 8 2 ,0 2 3 8 3 ,0 5 2 8 3 ,2 3 1 8 3 ,3 2 3 8 3 ,4 0 2 8 3 ,5 8 1 8 3 ,6 5 2 8 3 ,7 2 0 8 3 ,7 8 9 8 3 ,8 5 6 8 3 ,9 3 1 8 4 ,0 1 4 8 4 ,0 9 9 8 4 ,1 7 3 ...................................................................... 6 3 ,4 8 6 6 3 ,9 7 9 6 4 ,3 0 1 6 4 ,3 0 0 6 4 ,4 1 4 6 4 ,3 8 4 6 3 ,9 1 6 6 3 ,9 9 6 6 3 ,9 5 7 6 4 ,2 0 7 6 4 ,2 7 6 6 4 ,8 1 6 6 4 ,8 6 4 6 4 ,8 1 4 7 6 .4 7 6 .3 7 6 .6 7 6 .6 7 7 .1 7 7 .1 7 7 .0 7 7 .1 5 7 ,2 3 4 5 7 ,3 0 0 5 7 ,4 7 6 5 7 ,6 5 6 5 8 ,4 6 4 5 8 ,6 2 5 5 8 ,5 7 0 5 8 ,8 2 6 N o n in s titu t io n a l p o p u l a t i o n ’ ’ 2 L a b o r fo rc e 2 ....................................... 7 7 .4 7 7 .0 7 7 .3 7 7 .2 7 7 .2 7 7 .0 7 6 .4 T o ta l e m p lo y e d 2 ......................................................... 5 8 ,9 0 9 5 7 .8 0 0 5 7 ,5 9 8 5 7 ,4 5 6 5 7 ,4 0 8 5 7 ,3 3 8 5 7 ,2 8 3 P a r tic ip a t io n r a te 3 E m p lo y m e n t- p o p u la t io n r a te 4 . . . . 7 1 .8 6 9 .6 6 9 .2 6 9 .0 5 8 .8 6 8 .6 6 8 .5 6 8 .4 6 8 .4 6 8 .5 6 8 .7 6 9 .6 6 9 .7 6 9 .6 6 4 ,9 4 4 6 9 .8 ............................... 1 ,5 1 2 1 ,5 2 7 1 ,5 2 6 1 ,5 2 4 1 ,5 1 6 1 ,5 2 9 1 ,5 3 1 1 ,5 2 8 1 ,5 2 8 1 ,5 3 0 1 ,5 2 8 1 ,5 2 5 1 ,5 2 1 1 ,5 3 8 1 ,5 4 9 C iv ilia n e m p l o y e d ................................................ 5 7 ,3 9 7 5 6 ,2 7 1 5 6 ,0 7 2 5 5 ,9 3 2 5 5 ,8 9 2 5 5 ,8 0 9 5 5 ,7 5 2 5 5 ,7 0 6 5 5 ,7 7 2 5 5 ,9 4 6 5 6 ,1 2 8 5 6 ,9 3 9 5 7 ,1 0 4 5 7 ,0 3 2 5 7 ,2 7 7 U n e m p l o y e d .................................................................. 4 ,5 7 7 6 ,1 7 9 6 ,7 0 3 6 ,8 4 4 7 ,0 0 6 7 ,0 4 6 6 ,6 3 3 6 ,7 6 2 6 ,6 5 7 6 ,7 3 1 6 ,6 2 0 6 ,3 5 1 6 ,2 3 8 6 ,2 4 4 6 ,1 1 8 U n e m p lo y m e n t r a te 5 ................................... 7 .2 9 .7 1 0 .4 1 0 .6 1 0 .9 1 0 .9 1 0 .4 1 0 .6 1 0 .4 1 0 .5 1 0 .3 9 .8 9 .6 9 .6 9 .4 R e s id e n t A r m e d F o r c e s ’ W o m e n , 1 6 y e a rs and over 8 9 ,7 5 1 9 0 ,8 8 7 9 1 ,1 2 9 9 1 ,2 2 6 9 1 ,3 1 6 9 1 ,2 8 3 9 1 ,3 6 9 9 1 ,4 4 9 9 1 ,5 3 2 9 1 ,6 0 9 9 1 ,6 9 1 9 1 ,7 7 9 9 1 ,8 7 1 9 1 ,9 4 9 9 2 ,0 3 6 4 6 ,8 2 9 4 7 ,8 9 4 4 8 ,2 2 7 4 8 ,1 2 0 4 8 ,2 8 8 4 8 ,4 1 0 4 8 ,2 9 9 4 8 ,2 2 0 4 8 ,1 9 1 4 8 ,2 5 1 4 8 ,1 4 2 4 8 ,7 8 4 4 8 ,6 7 5 4 9 ,1 3 0 4 9 ,1 1 9 ....................................... 5 2 .2 5 2 .7 5 2 .9 5 2 .7 4 2 .9 4 3 .0 5 2 .9 5 2 .7 5 2 .6 5 2 .7 5 2 .5 5 3 .2 5 3 .0 5 3 .4 5 3 .4 T o ta l e m p lo y e d 2 ......................................................... 4 3 ,1 3 3 4 3 ,3 9 5 4 3 ,6 1 5 4 3 ,3 8 8 4 3 ,3 8 8 4 3 ,4 2 0 4 3 ,4 8 6 4 3 ,4 9 3 3 ,4 6 7 4 3 ,6 5 3 4 3 ,5 6 9 4 3 ,9 9 0 4 4 ,3 2 4 4 4 ,6 7 5 4 4 ,8 1 4 N o n in s titu t io n a l p o p u l a t i o n ’ ’ 2 L a b o r fo rc e 2 ................................... .........................................................' P a r tic ip a t io n r a te 3 E m p lo y m e n t- p o p u la t io n r a te 4 . . . . . . 4 8 .1 4 7 .7 4 7 .9 4 7 .6 4 7 .5 4 7 .6 4 7 .6 4 7 .6 4 7 .5 4 7 .7 4 7 .5 4 7 .9 4 8 .2 4 8 .6 4 8 .7 ............................... 133 139 144 144 144 136 136 136 136 141 141 143 143 144 146 C iv ilia n e m p l o y e d ................................................ 4 3 ,0 0 0 4 3 ,2 5 6 4 3 ,4 7 1 4 3 ,2 4 4 4 3 ,2 4 4 4 3 ,2 8 4 4 3 ,3 5 0 4 3 ,3 5 7 4 3 ,3 3 1 4 3 ,5 1 2 4 3 ,4 2 8 4 3 ,8 4 7 4 4 ,1 8 1 4 4 ,5 3 1 4 4 ,6 6 8 U n e m p l o y e d .................................................................. 3 ,6 9 6 4 ,4 9 9 4 ,6 1 2 4 ,7 3 2 4 ,9 0 0 4 ,9 9 0 4 ,8 1 3 4 ,7 2 7 4 ,7 2 4 4 ,5 9 7 4 ,5 7 2 4 ,9 9 5 4 ,3 5 1 4 ,4 5 5 4 ,3 0 5 U n e m p lo y m e n t r a te 5 ................................... 7 .9 9 .4 9 .6 9 .8 1 0 .1 1 0 .3 1 0 .0 9 .8 9 .8 9 .5 9 .5 9 .8 8 .9 9 .1 8 .8 R e s id e n t A r m e d F o r c e s ’ ’ T h e p o p u la tio n a n d A r m e d F o r c e s f ig u r e s a r e n o t a d ju s te d f o r s e a s o n a l v a r ia tio n . 4 T o ta l e m p lo y e d a s a p e r c e n t o f th e n o n i n s t it u t i o n a l p o p u la tio n . 2 In c lu d e s m e m b e r s o f t h e A r m e d F o r c e s s ta t io n e d in th e U n ite d S ta te s . 5 U n e m p lo y m e n t a s a p e r c e n t o f t h e la b o r f o r c e ( In c lu d in g t h e r e s id e n t A r m e d F o r c e s ) . 3 L a b o r f o r c e a s a p e r c e n t o f th e n o n in s t it u tio n a l p o p u la tio n . 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3. E m ploym ent status of the civilian population by sex, age, race, and H ispanic origin, seasonally adjusted [ N u m b e r s in t h o u s a n d s ] 1981 1983 198 2 Annual averag e 1 982 Sept. Nov. Oct. D ec. Jan. Feb. M a r. Apr. May June S e p t. A ug. July TOTAL ...................... 1 7 0 ,1 3 0 1 7 2 ,2 7 1 1 7 2 ,6 9 0 1 7 2 ,8 8 1 1 7 3 ,0 5 8 1 7 3 ,1 9 9 1 7 3 ,3 5 4 1 7 3 ,3 0 5 1 7 3 ,6 5 6 1 7 3 ,7 9 4 1 7 3 ,9 5 3 1 7 4 ,1 2 5 1 7 4 ,3 0 6 1 7 4 ,4 4 0 1 7 4 ,6 0 2 C iv ilia n la b o r f o r c e ......................................................... 1 0 8 ,6 7 0 1 1 0 ,2 0 4 1 1 0 ,8 5 8 1 1 0 ,7 5 2 1 1 1 ,0 4 2 1 1 1 ,1 2 9 1 1 0 ,5 4 8 1 1 0 ,5 5 3 1 1 0 ,4 8 4 1 1 0 ,7 8 6 1 1 0 ,7 4 9 1 1 1 ,9 3 2 1 1 1 ,8 7 5 1 1 2 ,2 6 1 1 1 2 ,3 6 8 6 3 .9 6 4 .0 6 4 .2 6 4 .1 6 4 .2 6 4 .2 63 8 6 3 .7 6 3 .6 6 3 .7 6 3 .7 6 4 .3 6 4 .2 6 4 .4 6 4 .4 1 0 0 ,3 9 7 9 9 ,5 2 6 9 9 ,5 4 3 9 9 ,1 7 6 9 9 ,1 3 6 9 9 ,0 9 3 9 9 ,1 0 3 9 9 ,0 6 3 9 9 ,1 0 3 9 9 ,4 5 8 9 9 ,5 5 7 1 0 0 ,7 8 6 1 0 1 ,2 8 5 1 0 1 ,5 6 3 1 0 1 ,9 4 5 C iv ilia n n o n in s t it u tio n a l p o p u l a t i o n 1 P a r tic ip a t io n r a t e ............................................ E m p lo y e d ...................................................................... 5 9 .0 E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . 5 7 .8 57 6 5 7 .4 5 7 .3 5 7 .1 5 7 .2 5 7 .2 5 7 .1 5 7 .2 5 7 .2 5 7 .9 5 8 .1 5 8 .2 5 8 .4 3 3 ,6 8 3 ,4 0 1 3 ,3 6 3 3 ,4 1 3 3 ,4 6 6 3 ,4 1 1 3 ,4 1 2 3 ,3 9 3 3 ,3 7 5 3 ,3 7 1 3 ,3 6 7 3 ,5 2 2 3 ,5 2 7 3 ,4 8 9 3 ,2 9 0 .......................... 9 7 ,0 3 0 9 6 ,1 2 5 9 6 ,1 8 0 9 5 ,7 6 3 9 5 ,6 7 0 9 5 ,6 8 2 9 5 ,6 9 1 9 5 ,6 7 0 9 5 ,7 2 9 9 6 ,0 8 8 9 6 ,1 9 0 9 7 ,2 6 4 9 7 ,7 5 8 9 8 ,0 7 4 9 8 ,6 5 5 U n e m p l o y e d .................................................................. 8 ,2 7 3 1 0 ,6 7 8 1 1 ,3 1 5 1 1 ,5 7 6 1 1 ,9 0 6 1 2 ,0 3 6 1 1 ,4 4 6 1 1 ,4 9 0 1 1 ,3 8 1 7 .6 9 .7 1 0 .2 1 0 .5 1 0 .7 1 0 .8 1 0 .4 1 0 .4 1 0 .3 1 0 .2 1 0 .1 1 0 .0 9 .5 9 .5 9 .3 6 2 ,0 1 6 6 2 ,0 7 0 6 2 ,8 0 6 6 2 ,9 5 2 6 3 ,1 7 2 6 3 ,0 0 8 6 3 ,2 0 4 6 2 ,1 9 3 6 2 ,4 3 1 6 2 ,1 7 9 6 2 ,2 3 4 N o n a g r ic u ltu r a l in d u s t r ie s U n e m p lo y m e n t r a te N o t in la b o r f o r c e ................................... ......................................................... 6 1 ,4 6 0 6 2 ,0 6 7 6 1 ,8 3 2 6 2 ,1 2 9 1 1 ,3 2 8 1 1 ,1 9 2 1 1 ,1 4 6 1 0 ,5 9 0 1 0 ,6 9 9 1 0 ,4 2 3 M e n , 2 0 y e a rs and o ver ...................... 7 2 ,4 1 9 7 3 ,6 4 4 7 3 ,8 6 7 7 3 ,9 8 4 7 4 ,0 9 4 7 4 ,2 3 6 7 4 ,3 3 9 7 4 ,4 3 4 7 4 ,5 2 8 7 4 ,6 1 1 7 4 ,7 1 2 7 4 ,8 1 4 7 4 ,9 2 7 7 5 ,0 1 2 7 5 ,1 1 5 C iv ilia n la b o r f o r c e ......................................................... 5 7 ,1 9 7 5 7 ,9 8 0 5 8 ,3 5 4 5 8 ,3 6 3 5 8 ,4 5 4 5 8 ,4 4 3 5 8 ,0 4 8 5 8 ,1 7 7 5 8 ,1 7 0 5 8 ,4 5 4 5 8 ,5 0 6 5 8 ,8 0 4 5 9 ,0 1 6 5 8 ,9 4 5 5 9 ,0 5 3 P a r tic ip a t io n r a t e ............................................ 7 9 ,0 7 8 .7 79 0 7 8 .9 7 8 .9 7 8 .7 7 8 .1 7 8 .2 7 8 .1 7 8 .3 7 8 .3 7 8 .6 7 8 .8 7 8 .6 78 6 5 3 ,5 8 2 5 2 ,8 9 1 5 2 ,7 7 6 5 2 ,6 4 9 5 2 ,5 8 9 5 2 ,5 3 4 5 2 ,4 5 2 5 2 ,4 2 8 5 2 ,5 8 9 5 2 ,7 5 2 5 2 ,9 0 1 5 3 ,5 1 6 5 3 ,8 0 8 5 3 ,7 7 1 5 3 ,9 2 8 7 1 .2 7 1 .0 7 0 .8 7 0 .6 7 0 .4 7 0 .6 7 0 .7 7 0 .8 7 1 .5 7 1 .8 7 1 .7 7 1 .8 C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 E m p lo y e d .................................................................. 7 4 .0 7 1 .8 7 1 .4 2 ,3 8 4 2 ,4 2 2 2 ,4 3 6 2 ,4 4 4 2 ,4 3 4 .2 ,3 8 9 2 ,4 2 6 2 ,3 7 4 2 ,4 2 0 2 ,4 0 4 2 ,4 4 3 2 ,5 2 9 2 ,5 4 4 2 ,4 9 6 2 ,4 3 1 .......................... 5 1 ,1 9 9 5 0 ,4 6 9 5 0 ,3 4 0 5 0 ,2 0 5 5 0 ,1 5 5 5 0 ,1 4 5 5 0 ,0 2 5 5 0 ,0 5 4 5 0 ,1 6 9 5 0 ,3 4 8 5 0 ,4 5 8 5 0 .9 8 7 5 1 ,2 6 4 5 1 ,2 7 5 5 1 ,4 9 7 U n e m p l o y e d .................................................................. 3 ,6 1 5 5 ,0 8 9 5 ,5 7 8 5 ,7 1 4 5 ,8 6 5 5 ,9 0 9 5 ,5 9 7 5 ,7 4 9 5 ,5 8 1 5 ,7 0 2 5 ,6 0 5 5 ,2 8 8 5 ,2 0 8 5 ,1 7 4 5 ,1 2 5 9 .6 9 .8 1 0 .0 1 0 .1 9 .6 9 .9 9 .6 9 .8 9 .6 9 .0 8 .8 8 .8 8 .7 E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . A g r i c u l t u r e .................................................................. N o n a g r ic u ltu r a l in d u s t r ie s U n e m p lo y m e n t r a te 6 .3 ................................... 8 .8 W o m e n , 2 0 y e a rs and over ...................... 8 1 ,4 9 7 8 2 ,8 6 4 8 3 ,1 5 2 8 3 ,2 7 1 8 3 ,3 8 5 8 3 ,3 8 3 8 3 ,4 9 0 8 3 ,5 9 3 8 3 ,6 9 9 8 3 ,7 9 4 8 3 ,8 9 9 8 4 ,0 0 8 8 4 ,1 2 2 8 4 ,2 2 4 8 4 ,3 3 3 C iv ilia n la b o r f o r c e ......................................................... 4 2 ,4 8 5 4 3 ,6 9 9 4 3 ,9 9 6 4 3 ,9 3 6 4 4 ,1 1 2 4 4 ,2 8 6 4 4 ,2 0 1 4 4 ,2 1 6 4 4 ,1 6 6 4 4 ,2 3 8 4 4 ,2 2 8 4 4 ,6 4 8 4 4 ,6 8 5 4 5 ,0 0 3 4 5 ,1 3 2 C iv ilia n n o n in s t it u tio n a l p o p u l a t i o n 1 5 2 .1 5 2 .7 5 2 .9 5 2 .8 5 2 .9 5 3 .1 5 2 .9 52 9 52 8 52 8 5 2 .7 5 3 .1 5 3 .1 5 3 .4 5 3 .5 3 9 ,5 9 0 4 0 ,0 8 6 4 0 ,2 8 6 4 0 ,1 1 2 4 0 ,1 2 3 4 0 ,2 1 5 4 0 ,2 3 8 4 0 ,2 9 1 4 0 ,2 7 7 4 0 ,5 0 9 4 0 ,4 8 4 4 0 ,7 8 9 4 1 ,1 6 4 4 1 ,3 9 4 4 1 ,6 1 4 4 8 .6 4 8 .4 4 8 .4 4 8 .2 4 8 .1 4 8 .2 4 8 .2 4 8 .2 4 8 .1 4 8 .3 4 8 .3 4 8 .6 4 8 .9 4 9 .1 4 9 .3 P a r tic ip a t io n r a t e ............................................ E m p lo y e d .................................................................. E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . A g r i c u l t u r e .................................................................. 604 601 588 578 590 628 625 657 647 622 597 636 607 630 574 .......................... 3 8 ,9 8 6 3 9 ,4 8 5 3 9 ,6 9 8 3 9 ,5 3 4 3 9 ,5 3 3 3 9 ,5 8 7 3 9 ,6 1 3 3 9 ,6 3 4 3 9 ,6 3 0 3 9 ,8 8 6 3 9 ,8 8 7 4 0 ,1 5 3 4 0 ,5 5 7 4 0 ,7 6 4 4 1 ,0 4 0 3 ,9 8 9 4 ,0 7 1 3 ,9 6 3 3 ,9 2 5 3 ,8 8 9 3 ,7 2 9 3 ,7 4 4 3 ,8 5 9 3 ,5 2 1 3 ,6 0 9 3 ,5 1 8 N o n a g r ic u ltu r a l in d u s t r ie s U n e m p l o y e d .................................................................. 2 ,8 9 5 3 ,6 1 3 3 ,7 1 0 3 ,8 2 4 ................................... 6 .8 8 .3 8 .4 8 .7 9 .0 9 .2 9 .0 8 .9 8 .8 8 .4 8 .5 8 .6 7 .9 8 .0 7 .8 ...................... 1 6 ,2 1 4 1 5 ,7 6 3 1 5 ,6 7 1 1 5 ,6 2 5 1 5 ,5 7 9 1 5 ,5 8 0 1 5 ,5 2 5 1 5 ,4 7 8 1 5 ,4 2 9 1 5 ,3 8 9 1 5 ,3 4 2 1 5 ,3 0 3 1 5 ,2 5 7 1 5 ,2 0 4 1 5 ,1 5 4 C iv ilia n la b o r f o r c e ......................................................... 8 ,9 8 8 8 ,5 2 6 8 ,5 0 8 8 ,4 5 3 8 ,4 7 6 8 ,4 0 0 8 ,2 9 9 8 ,1 6 0 8 ,1 4 8 8 ,0 9 4 8 ,0 1 5 8 ,4 8 0 8 ,1 7 3 8 ,3 1 3 8 ,1 8 4 U n e m p lo y m e n t r a te Both s e x e s , 16 to 19 years C iv ilia n n o n in s t it u tio n a l p o p u l a t i o n 1 5 5 .4 5 4 .1 5 4 .3 5 4 ,1 5 4 .4 5 3 .9 5 3 .5 5 2 .7 5 2 .8 5 2 .6 52 2 5 5 .4 5 3 .6 5 4 .7 5 4 .0 7 ,2 2 5 6 ,5 4 9 6 ,4 8 1 6 ,4 1 5 6 ,4 2 4 6 ,3 4 4 6 ,4 1 3 6 ,3 4 5 6 ,2 3 7 6 ,1 9 7 6 ,1 7 2 6 ,4 8 1 6 ,3 1 3 6 ,3 9 7 6 ,4 0 4 4 4 .6 4 1 .5 4 1 .4 4 1 .1 4 1 .2 4 0 .7 4 1 .3 4 1 .0 4 0 ,4 4 0 .3 4 0 .2 4 2 .4 4 1 .4 4 2 .1 4 2 .3 P a r tic ip a t io n r a t e ............................................ E m p lo y e d .................................................................. E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . 380 378 394 361 362 308 344 327 357 376 362 285 .......................... 6 ,8 4 5 6 ,1 7 1 6 ,1 4 2 6 ,0 2 4 5 ,9 8 2 5 ,9 5 0 6 ,0 5 2 5 ,9 8 3 5 ,9 2 9 5 ,8 5 3 5 ,8 4 5 6 ,1 2 4 5 ,9 3 7 6 ,0 3 5 6 ,1 1 9 U n e m p l o y e d .................................................................. 1 ,7 6 3 1 ,9 7 7 2 ,0 2 7 2 ,0 3 8 2 ,0 5 2 2 ,0 5 6 1 ,8 8 6 1 ,8 1 5 1 ,9 1 1 1 ,8 9 7 1 ,8 4 3 1 ,9 9 9 1 ,8 6 0 1 ,9 1 6 1 ,7 8 0 ................................... 1 9 .6 2 3 .2 2 3 .8 2 4 .1 2 4 .2 2 4 .5 2 2 .7 2 2 .2 2 3 .5 2 3 .4 23 0 2 3 .6 22 8 2 3 .0 2 1 .8 A g r i c u l t u r e .................................................................. N o n a g r ic u ltu r a l I n d u s tr ie s U n e m p lo y m e n t ra te 339 391 442 W h ite ...................... 1 4 7 ,9 0 8 1 4 9 ,4 4 1 1 4 9 ,6 5 2 1 4 9 ,8 3 8 1 4 9 ,8 8 7 1 5 0 ,0 5 6 1 5 0 ,1 2 9 1 5 0 ,1 8 7 1 5 0 ,3 8 2 1 5 0 ,5 1 8 1 5 0 ,6 7 1 1 5 0 ,8 1 0 1 5 0 ,9 5 9 1 5 1 ,0 0 3 1 5 1 ,0 2 1 C iv ilia n la b o r f o r c e ......................................................... 9 5 ,0 5 2 9 6 ,1 4 3 9 6 ,6 4 0 9 6 ,4 5 3 9 6 ,7 1 9 9 6 ,8 6 4 9 6 ,1 7 6 9 5 ,9 8 7 9 5 ,9 9 6 9 6 ,2 8 7 9 6 ,3 6 2 9 7 ,2 5 0 9 7 ,3 4 1 9 7 ,6 0 2 9 7 ,6 0 5 P a r tic ip a t io n r a t e ............................................ 6 4 .3 6 4 .3 6 4 .6 6 4 .4 6 4 .5 6 4 .6 6 4 .1 6 3 .9 6 3 .8 6 4 .0 6 4 .0 6 4 .5 6 4 .5 6 4 .6 6 4 .6 8 8 ,7 0 9 8 7 ,9 0 3 8 7 ,8 7 2 9 8 ,4 7 7 8 7 ,4 3 5 8 7 ,4 4 3 8 7 ,4 6 6 8 7 ,1 9 4 8 7 ,3 2 4 8 7 ,7 0 9 8 7 ,7 7 7 8 8 ,8 8 0 8 9 ,3 8 2 8 9 ,5 7 3 8 9 ,7 1 9 C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 E m p lo y e d ...................................................................... 6 0 .0 5 8 .8 5 8 .7 5 8 .4 5 8 .3 5 8 .3 5 8 .3 5 8 .1 5 8 .1 5 8 .3 5 8 .3 5 8 .9 59 2 5 9 .3 5 9 .4 6 ,3 4 3 8 ,2 4 1 8 ,7 6 8 8 ,9 7 6 9 ,2 8 4 9 ,4 2 1 8 .7 1 1 8 ,7 9 3 8 ,6 7 2 8 ,5 7 7 8 ,5 8 5 8 ,3 7 0 7 ,9 5 9 8 ,0 2 9 7 ,8 8 5 6 .7 8 .6 9 .1 9 .3 9 .6 9 .7 9 .1 9 .2 9 .0 8 .9 8 .9 8 .6 8 .2 8 .2 8 .1 E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d .................................................................. U n e m p lo y m e n t ra te ................................... Black C iv ilia n n o n i n s t it u t i o n a l p o p u l a t i o n 1 ...................... 1 8 ,2 1 9 1 8 ,5 8 4 1 8 ,6 5 9 1 8 ,6 9 2 1 8 ,7 2 3 1 8 ,7 4 0 1 8 ,7 6 8 1 8 ,7 9 6 1 8 ,8 2 3 1 8 ,8 5 1 1 8 ,8 8 0 1 8 ,9 1 1 1 8 ,9 4 2 1 8 ,9 6 6 1 8 ,9 9 4 C iv ilia n la b o r f o r c e ......................................................... 1 1 ,0 8 6 1 1 ,3 3 1 1 1 ,4 4 3 1 1 ,3 9 8 1 1 ,4 7 5 1 1 ,5 2 2 1 1 ,5 4 2 1 1 ,5 4 8 1 1 ,5 5 4 1 1 ,6 3 1 1 1 ,6 7 2 1 1 ,7 8 3 1 1 ,7 6 4 1 1 ,7 4 5 1 1 ,7 2 9 P a r tic ip a t io n r a t e ............................................ E m p lo y e d ...................................................................... 6 0 .8 6 1 .0 6 1 .3 6 1 .0 6 1 .3 6 1 .5 6 1 .5 6 1 .4 6 1 .4 6 1 .7 6 1 .8 6 2 .3 6 2 .1 6 1 .9 6 1 .7 9 ,3 5 5 9 ,1 8 9 9 ,1 7 2 9 ,1 0 2 9 ,1 5 9 9 ,1 2 7 9 ,1 4 2 9 ,2 7 6 9 ,2 5 3 9 ,2 0 9 9 ,2 7 0 9 ,3 5 2 9 ,4 6 9 9 ,3 9 8 9 ,5 0 5 5 1 .3 4 9 .4 4 9 .2 4 8 .7 4 8 .9 4 8 .7 4 8 .7 4 9 .4 4 9 .2 4 8 .8 4 9 .1 4 9 .5 5 0 .0 4 9 .6 5 0 .0 1 ,7 3 1 2 ,1 4 2 2 ,2 7 1 2 ,2 9 6 2 ,3 1 6 2 ,3 9 5 2 ,4 0 0 2 ,2 7 1 2 ,3 0 2 2 ,4 2 3 2 ,4 0 2 2 ,4 3 2 2 ,2 9 5 2 ,3 4 7 2 .2 2 4 2 0 .8 2 0 .8 1 9 .7 1 9 .9 20 8 20 6 2 0 .6 1 9 .5 2 0 .0 1 9 .0 E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d .................................................................. U n e m p lo y m e n t r a te ................................... 1 5 .6 1 8 .9 1 9 .8 2 0 .1 202 H is p a n ic o rigin C iv ilia n n o n in s t it u t i o n a l p o p u l a t i o n 1 ...................... 9 ,3 1 0 9 ,4 0 0 9 ,4 6 4 9 ,4 7 4 9 ,3 5 5 9 ,3 0 1 9 ,3 2 8 9 ,3 6 8 9 ,5 5 1 9 ,6 6 5 9 ,7 4 7 9 ,7 3 8 9 ,6 4 0 9 ,6 9 0 9 ,7 0 0 C iv ilia n la b o r f o r c e ......................................................... 5 ,9 7 2 5 ,9 8 3 5 ,9 6 1 5 ,9 7 3 5 ,9 2 3 5 ,8 9 8 5 ,9 8 1 5 ,9 9 2 6 ,0 7 4 6 ,2 0 6 6 ,1 6 7 6 ,2 5 3 6 ,0 7 9 6 ,1 2 4 6 ,2 0 0 P a r tic ip a t io n r a t e ............................................ 6 4 .1 6 3 .6 63 0 6 3 .0 6 3 .3 6 3 .4 6 4 .1 6 4 .0 63 6 6 4 .2 6 3 .3 64 2 6 3 .1 6 3 .2 6 3 .9 5 ,3 4 8 5 ,1 5 8 5 ,0 9 7 5 ,0 7 5 5 ,0 1 2 4 ,9 9 8 5 ,0 5 3 5 ,0 4 2 5 ,0 8 8 5 ,3 0 4 5 ,3 1 8 5 ,3 7 9 5 ,3 3 1 5 ,3 3 3 5 ,3 9 0 5 7 .4 5 4 .9 5 3 .9 5 3 .6 5 3 .6 5 3 .7 5 4 .2 5 3 .8 5 3 .3 5 4 .9 5 4 .6 5 5 .2 5 5 .3 5 5 .0 55 6 E m p lo y e d ...................................................................... E m p lo y m e n t- p o p u la t io n r a t i o 2 . . . . U n e m p l o y e d .................................................................. 624 825 864 898 911 900 929 950 986 902 849 874 748 790 811 ................................... 1 0 .4 1 3 .8 1 4 .5 1 5 .0 1 5 .4 1 5 .3 1 5 .5 1 5 .8 1 6 .2 1 4 .5 1 3 .8 1 4 .0 1 2 .3 1 2 .9 1 3 .1 U n e m p lo y m e n t r a te 1 T h e p o p u la tio n f ig u r e s a r e n o t s e a s o n a lly a d ju s t e d . f o r t h e “ o t h e r r a c e s ” g r o u p s a r e n o t p r e s e n te d a n d H is p a n ic s a r e in c lu d e d in b o t h th e w h ite a n d b la c k C i v i l i a n e m p lo y m e n t a s a p e r c e n t o f th e c iv ilia n n o n ln s t it u tio n a l p o p u la tio n . N O TE : D e ta il f o r t h e a b o v e r a c e a n d H is p a m c - o r ig in g r o u p s w i ll n o t s u m https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis p o p u la tio n g r o u p s . t o t o ta ls b e c a u s e d a ta 85 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Household Data 4. S elected em ploym ent indicators, seasonally adjusted [ N u m b e r s in t h o u s a n d s ] 1983 1982 Annual averag e S e le c te d c a te g o ries 1981 198 2 Sept. Oct. Nov. D ec. 1 0 0 ,3 9 7 9 9 ,5 2 6 9 9 ,5 4 3 9 9 ,1 7 6 9 9 ,1 3 6 9 9 ,0 9 3 Jan. Feb. M a r. Apr. May June July A ug. S e pt. 9 9 ,4 5 8 9 9 ,5 5 7 1 0 0 ,7 8 6 1 0 1 ,2 8 5 1 0 1 ,5 6 3 1 0 1 ,9 4 5 C H ARAC TERISTIC C iv ilia n e m p lo y e d , 1 6 y e a r s a n d o v e r ............................... 9 9 ,1 0 3 9 9 ,0 6 3 9 9 ,1 0 3 M e n ..................................................................................................... 5 7 ,3 9 7 5 6 ,2 7 1 5 6 ,0 7 3 5 5 ,9 3 2 5 5 ,8 9 2 5 5 ,8 0 9 5 5 ,7 5 2 5 5 ,7 0 6 5 5 ,7 7 2 5 5 ,9 4 6 5 6 ,1 2 8 5 6 ,9 3 9 5 7 ,1 0 4 5 7 ,0 3 2 5 7 ,2 7 7 W o m e n ............................................................................................ 4 3 ,0 0 0 4 3 .2 5 6 4 3 ,4 7 1 4 3 ,2 4 4 4 3 ,2 4 4 4 3 ,2 8 4 4 3 ,3 5 0 4 3 ,3 5 7 4 3 ,3 3 1 4 3 ,5 1 2 4 3 ,4 2 8 4 3 ,8 4 7 4 4 ,1 8 1 4 4 ,5 3 1 4 4 ,6 6 8 M a r r ie d m e n , s p o u s e p r e s e n t ....................................... 3 8 ,8 8 2 3 8 ,0 7 4 3 7 ,9 9 8 3 7 ,8 5 2 3 7 ,6 4 1 3 7 ,5 0 7 3 7 ,4 5 0 3 7 ,4 2 8 3 4 ,4 5 2 3 7 ,5 2 3 3 7 ,5 6 0 3 7 ,9 2 5 3 8 ,2 9 3 3 8 ,3 0 8 3 8 ,2 5 3 M a r r ie d w o m e n , s p o u s e p r e s e n t ............................... 2 3 ,9 1 5 2 4 ,0 5 3 2 4 ,1 5 9 2 4 ,0 8 1 2 3 ,9 8 5 2 4 ,1 5 5 2 4 ,2 0 5 2 4 ,0 7 0 2 4 ,1 7 1 2 4 ,3 7 1 2 4 ,2 2 9 2 4 ,3 3 5 2 4 ,6 4 0 2 4 ,9 7 2 2 4 ,9 9 6 4 ,9 4 4 4 ,9 4 2 5 ,0 1 6 5 ,0 8 8 5 ,1 0 4 5 ,1 2 4 W o m e n w h o m a in ta in f a m ilie s ................................... 4 .9 9 8 5 ,0 9 9 5 ,1 1 8 5 ,1 0 7 5 ,0 2 5 4 ,9 8 5 5 ,0 3 8 5 ,0 5 0 5 ,0 9 7 M A JO R IN D U S T R Y AN D CLASS OF W O RK ER A g r ic u ltu r e : W a g e a n d s a la r y w o r k e r s ................................................ 1 ,4 6 4 1 ,5 0 5 1 ,5 3 7 1 ,5 7 6 1 ,5 8 4 1 ,5 4 7 1 ,6 3 7 1 .6 2 4 1 ,5 1 5 1 ,5 6 0 1 ,5 9 5 1 ,6 3 6 1 ,6 6 3 1 ,6 6 4 1 ,5 8 5 S e lf- e m p lo y e d w o r k e r s 1 ,6 3 8 1 ,6 3 6 1 ,5 6 9 1 ,6 2 1 1 ,6 2 8 1 ,6 2 7 1 ,5 8 7 1 ,5 4 1 1 ,5 8 5 1 ,6 0 7 1 ,5 5 8 1 ,6 0 8 1 ,5 8 3 1 ,5 6 6 1 ,4 7 3 229 241 224 231 223 260 208 229 263 259 245 237 8 8 ,0 6 4 8 7 ,9 3 6 8 7 ,9 7 6 8 7 ,8 1 3 8 8 ,3 9 5 8 9 ,3 5 4 8 9 ,7 6 5 8 9 ,9 9 5 9 0 ,8 1 3 .................................................... U n p a id f a m il y w o r k e r s ......................................................... 266 261 254 N o n a g r ic u ltu r a l in d u s t r ie s : W a g e a n d s a la r y w o r k e r s ................................................ 8 9 ,5 4 3 8 8 ,4 6 2 8 8 ,5 6 2 8 7 ,7 9 4 8 7 ,9 1 2 8 8 ,1 8 7 G o v e r n m e n t ...................................................................... 1 5 ,6 8 9 1 5 ,5 6 2 1 5 ,6 8 1 1 5 ,4 3 6 1 5 ,5 1 4 1 5 ,4 7 7 1 5 ,3 8 6 1 5 ,5 0 1 1 5 ,4 5 2 1 5 ,5 1 8 1 5 ,5 2 3 1 5 ,4 9 8 1 5 ,6 1 5 1 5 ,6 9 7 1 5 ,5 4 9 P r iv a te i n d u s t r i e s ......................................................... 7 3 ,8 5 3 7 2 ,9 4 5 7 2 ,8 8 1 7 2 ,6 2 8 7 2 ,4 2 2 7 2 ,4 9 9 7 2 ,4 2 7 7 2 ,2 9 3 7 2 ,4 5 9 7 2 ,6 6 8 7 2 ,8 7 2 7 3 ,8 5 6 7 4 ,1 5 0 7 4 ,2 9 9 7 5 ,2 6 5 ....................................... 1 ,2 0 8 1 ,2 0 7 1 ,2 2 0 1 ,2 1 6 1 ,2 2 1 1 ,1 6 3 1 ,1 6 2 1 ,2 3 2 1 ,2 3 5 1 ,2 0 5 1 ,2 2 8 1 ,3 1 7 1 ,2 8 6 1 ,2 9 0 1 ,2 9 5 O th e r .......................................................................... 7 2 ,6 4 5 7 1 ,7 3 8 7 1 ,6 6 1 7 1 ,4 1 2 7 1 ,2 0 1 7 1 ,3 3 6 7 1 ,2 6 5 7 1 ,0 6 1 7 1 ,2 2 5 7 1 ,4 6 3 7 1 ,6 4 4 7 2 ,5 3 9 7 2 ,8 6 4 7 3 ,0 0 9 7 3 ,9 6 9 .................................................... 7 ,0 9 7 7 ,2 6 2 7 ,4 2 2 7 ,3 3 2 7 ,3 4 9 7 ,3 3 5 7 ,4 6 5 7 ,3 8 5 7 ,4 5 3 7 ,5 2 8 7 ,4 0 8 7 ,4 9 3 7 ,5 9 8 7 ,6 5 8 7 ,6 6 0 U n p a id f a m ily w o r k e r s ......................................................... 390 401 378 403 382 383 380 353 342 353 335 345 320 376 376 P r iv a te h o u s e h o ld s S e lf- e m p lo y e d w o r k e r s PER SO N S AT W O R K 1 9 1 ,3 7 7 9 0 ,5 5 2 9 0 ,8 8 4 9 0 ,2 3 2 9 0 ,2 3 8 9 0 ,2 1 9 9 0 ,9 0 3 9 0 ,2 0 7 9 0 ,2 7 1 9 2 ,2 6 7 9 0 ,9 4 1 9 0 ,5 3 9 9 2 ,2 5 3 9 1 ,9 8 6 9 3 ,7 3 7 ............................................................. 7 4 ,3 3 9 7 2 ,2 4 5 7 1 ,7 2 3 7 1 ,3 9 4 7 1 ,4 4 2 7 1 ,4 9 9 7 1 ,7 8 6 7 1 ,5 6 4 7 1 ,8 7 8 7 3 ,5 9 4 7 2 ,9 7 5 7 2 ,9 7 8 7 4 ,0 0 4 7 3 ,4 9 5 7 4 ,8 8 3 P a r t t im e f o r e c o n o m ic r e a s o n s ................................... N o n a g r ic u ltu r a l i n d u s t r i e s ............................................................. F u ll- t im e s c h e d u le s 4 ,4 9 9 5 ,8 5 2 6 ,4 9 5 6 ,9 0 3 6 ,4 1 1 6 ,4 2 5 6 ,8 4 5 6 .4 8 1 6 ,2 0 2 6 ,0 8 2 5 ,9 2 8 5 ,7 2 9 5 ,6 3 6 5 ,7 8 9 ............................................ 1 ,7 3 8 2 ,1 6 9 2 ,5 1 9 2 ,3 8 1 2 ,2 2 8 2 ,1 5 3 2 ,2 0 0 2 ,0 9 7 1 ,9 2 7 1 ,8 7 1 1 ,6 8 5 1 ,7 0 2 1 ,8 0 9 1 ,7 1 8 1 ,7 9 8 U s u a lly w o r k p a r t t i m e ............................................ 2 ,7 6 1 3 ,6 8 3 3 ,9 7 6 4 ,0 2 2 4 ,1 8 3 4 ,2 7 2 4 ,6 4 5 4 ,3 8 4 4 ,2 7 5 4 ,2 1 1 4 ,2 4 3 4 ,0 2 7 3 ,8 2 6 4 ,0 7 1 4 ,3 0 9 P a r t t im e f o r n o n e c o n o m ic r e a s o n s .......................... 1 2 ,5 3 9 1 2 ,4 5 5 1 2 ,6 6 6 1 2 ,4 3 5 1 2 ,3 8 5 1 2 ,2 9 5 1 2 ,2 7 1 1 2 ,1 6 2 1 2 ,1 9 1 1 2 ,5 9 2 1 2 ,0 3 8 1 1 ,8 3 3 1 2 ,6 1 4 1 2 ,7 0 1 1 2 ,7 4 8 U s u a lly w o r k f u ll t im e 1 E x c lu d e s p e r s o n s " w i t h a jo b b u t n o t a t w o r k " d u r in g t h e s u r v e y p e r io d f o r s u c h r e a s o n s a s v a c a tio n , illn e s s , o r in d u s t r ia l d is p u t e s . 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 ,1 0 6 5. S elected unem ploym ent indicators, seasonally adjusted [ U n e m p l o y m e n t r a te s ] 1983 198 2 Annual a verag e S e le c te d c a te g o ries Sept. Nov. Oct. D ec. Jan. Feb. M a r. A pr. M ay June July A ug. Sept. 1981 1982 7 .6 9 .7 1 0 .2 1 0 .4 1 0 .7 1 0 .8 1 0 .4 1 0 .4 1 0 .3 1 0 .2 1 0 .1 1 0 .0 9 .5 9 .5 9 .3 2 4 .1 2 4 .2 2 4 .5 22 7 2 2 .2 2 3 .5 2 3 .4 2 3 .0 2 3 .6 2 2 .8 23 0 2 1 .8 CH ARAC TERISTIC T o t a l, a ll c iv ilia n w o r k e r s .............................................................. B o th s e x e s , 1 6 t o 1 9 y e a r s ............................................ 1 9 .6 2 3 .2 2 3 .8 M e n , 2 0 y e a r s a n d o v e r ..................................................... 6 .3 8 .8 9 .6 9 .8 1 0 .0 1 0 .1 9 .6 9 .9 9 .6 9 .8 9 .6 9 .0 8 .8 8 .8 8 .7 W o m e n , 2 0 y e a r s a n d o v e r ............................................ 6 .8 8 .3 8 .4 8 .7 9 .0 9 .2 9 .0 8 .9 8 .8 8 .4 8 .5 8 .6 7 .9 8 .0 7 .8 9 .1 9 .2 9 .0 8 .9 6 .7 8 .6 9 .1 9 .3 9 .6 9 .7 8 .9 8 .6 ............................... 1 7 .3 2 0 .4 2 0 .7 2 1 .5 2 1 .2 2 1 .6 2 0 .0 1 9 .7 2 1 .4 2 0 .4 1 9 .8 2 0 .0 1 9 .5 1 9 .8 1 7 .9 ................................... 1 7 .9 2 1 .7 2 2 .2 2 3 .0 22 6 2 2 .8 2 1 .2 2 1 .1 22 9 2 1 .7 2 0 .2 1 9 .8 2 0 .4 2 1 .1 1 8 .7 1 7 .1 W h it e , t o t a l .................................................................................... B o th s e x e s , 1 6 t o 1 9 y e a r s M e n , 1 6 to 19 y e a rs 8 .2 8 .2 8 .1 ........................... 1 6 .6 1 9 .0 1 9 .1 1 9 .9 1 9 .8 2 0 .4 1 8 .7 1 8 .2 1 9 .7 1 9 .0 1 9 .4 2 0 .2 1 8 .5 1 8 .4 M e n , 2 0 y e a r s a n d o v e r ........................................ 5 .6 7 .8 8 .6 8 .8 9 .1 9 .2 8 .4 8 .7 8 .5 8 .6 8 .6 7 .8 7 .7 7 .7 7 .8 W o m e n , 2 0 y e a rs a n d o v e r 5 .9 7 .3 7 .5 7 .6 8 .0 8 .1 7 .8 7 .7 7 .4 7 .2 7 .3 7 .4 6 .7 6 .7 6 .6 2 0 .0 W o m e n , 1 6 to 1 9 y e a rs ............................... B la c k , t o t a l ................................................................................... 1 5 .6 1 8 .9 1 9 .8 2 0 .8 2 0 .8 1 9 .7 1 9 .9 2 0 .6 2 0 .6 1 9 .5 4 9 .8 4 9 .5 4 5 .7 4 5 .4 4 3 .5 4 9 .0 4 8 .2 5 0 .6 4 8 .1 5 3 .0 5 2 .0 5 3 .0 5 2 .5 4 5 .9 4 5 .3 4 4 .5 4 8 .0 5 3 .1 5 1 .1 4 7 .6 5 6 .8 5 4 .8 4 5 .9 4 6 .2 4 6 .2 4 5 .5 4 5 .4 4 2 .3 5 0 .0 4 2 .3 5 0 .0 4 8 .8 4 8 .9 4 8 .7 1 9 .6 1 9 .2 , 2 0 .5 1 9 .7 1 8 .7 1 8 .8 2 0 .3 1 9 .8 1 9 .2 1 8 .7 1 8 .4 1 6 .9 1 7 .0 1 7 .1 1 7 .0 1 6 .0 1 6 .4 1 6 .1 1 3 .8 1 4 .0 1 2 .3 1 2 .9 1 3 .1 4 1 .4 4 8 .0 4 8 .6 4 7 .7 4 0 .7 4 8 .9 5 1 .0 4 9 .2 ........................... 4 2 .2 4 7 .1 4 5 .9 M e n , 2 0 y e a r s a n d o v e r ........................................ 1 3 .5 1 7 .8 9 .2 M e n , 16 to 19 y e a rs W o m e n , 1 6 to 1 9 y e a rs 2 0 .2 2 .1 ............................... ................................... B o th s e x e s , 1 6 t o 1 9 y e a r s . 2 0 .8 ............................... 1 3 .4 1 5 .4 1 5 .7 1 6 .2 1 6 .5 1 6 .5 1 8 .2 1 7 .0 1 7 .7 H is p a n ic o r ig in , t o t a l .............................................................. 1 0 .4 1 3 .8 1 4 .5 1 5 .0 1 5 .4 1 5 .3 1 5 .5 1 5 .8 1 6 .2 1 4 .5 M a r r ie d m e n , s p o u s e p r e s e n t ........................................ 4 .3 6 .5 7 .2 7 .5 7 .6 7 .8 7 .1 7 .2 7 .1 7 .1 W o m e n , 2 0 y e a rs a n d o v e r M a r r ie d w o m e n , s p o u s e p r e s e n t W o m e n w h o m a in ta in f a m il ie s 7 .0 6 .6 6 .1 6 .3 1 9 .0 6 .1 ............................... 6 .0 7 .4 7 .6 7 .9 8 .2 8 .2 7 .8 7 .6 7 .5 7 .3 7 .5 7 .8 7 .0 6 .9 6 .8 ................................... 1 0 .4 1 1 .7 1 2 .4 1 1 .3 1 2 .5 1 3 .2 1 3 .2 1 3 .0 1 3 .5 1 3 .2 1 2 .9 1 2 .8 1 1 .6 1 1 .6 1 2 .2 F u ll- t im e w o r k e r s ...................................................................... 7 .3 9 .6 1 0 .2 1 0 .5 1 0 .6 1 0 .8 1 0 .3 1 0 .4 1 0 .3 1 0 .2 9 .9 9 .7 9 .4 9 .4 9 .2 P a r t- tim e w o r k e r s 9 .4 1 0 .5 1 0 .6 1 0 .3 1 1 .3 1 1 .1 1 0 .6 1 0 .1 1 0 .5 1 0 .6 1 1 .0 1 2 .1 1 0 .2 1 0 .1 1 0 .0 2 .1 3 .2 3 .5 3 .8 4 .1 4 .3 4 .2 4 .2 4 .2 3 .9 4 1 4 1 3 9 3 6 3 4 8 .5 1 1 .0 1 1 .7 1 2 .0 1 2 .4 1 2 .7 1 1 .7 1 2 .0 1 1 .8 1 1 .4 1 1 .5 1 0 .8 1 0 .4 1 0 .6 1 0 .6 1 1 .0 1 1 .0 1 0 .8 1 0 .8 1 0 .5 1 0 .0 .................................................................. L a b o r f o r c e t im e l o s t 1 ......................................................... IN D U S T R Y N o n a g r ic u ltu r a l p r iv a te w a g e a n d s a la r y w o r k e r s M in in g . . ............................................................................................ C o n s t r u c t io n ............................................................................... M a n u fa c t u r in g ........................................................................... D u r a b le g o o d s .............................................................. N o n d u r a b le g o o d s ............................................ 7 .7 1 0 .1 1 1 .4 1 1 .6 1 0 .8 1 0 .5 9 .8 9 .4 6 .0 1 3 .4 1 8 .5 1 7 .9 1 8 .1 1 8 .1 1 7 .1 1 8 .4 1 8 .6 2 0 .3 2 2 .7 1 8 .2 1 6 .6 1 4 .8 1 7 .2 1 5 .6 2 0 .0 2 2 .3 2 2 .3 2 1 .8 2 2 .0 2 0 .0 1 9 .7 2 0 .3 2 0 .3 2 0 .4 1 8 .1 1 8 .0 1 8 .1 1 8 .2 9 .6 8 .3 1 2 .3 1 4 .1 1 4 .1 1 4 .8 1 4 .8 1 2 .8 1 2 .4 1 2 .3 1 1 .5 1 0 .5 1 1 .2 1 0 .2 8 .2 1 3 .3 1 6 .0 1 6 .0 1 7 .0 1 7 .1 1 4 .7 1 4 .7 1 4 .1 1 3 .5 1 3 .5 1 2 .2 1 1 .2 1 1 .6 1 0 .9 8 .4 1 0 .8 1 1 .2 1 1 .2 1 1 .4 1 1 .4 1 0 .5 1 1 .4 1 1 .1 1 0 .8 1 0 .5 1 0 .4 9 .2 1 3 .0 1 3 .3 9 .6 1 0 .6 T r a n s p o r t a tio n a n d p u b lic u t i l i t i e s ............................... 5 .2 6 .8 7 .9 7 .9 8 .3 8 .0 7 .8 8 .0 7 .8 7 .7 7 .0 7 .8 7 .0 8 .0 7 .4 W h o le s a le a n d r e ta il t r a d e ................................................ 8 .1 1 0 .0 1 0 .4 1 0 .4 1 0 .6 1 1 .0 1 0 .8 1 0 .9 1 1 .2 1 0 .4 1 0 .1 1 0 .2 9 .7 9 .8 9 .6 F in a n c e a n d s e r v ic e I n d u s tr ie s G o v e rn m e n t w o rk e rs ................................... ....................................................................... A g r ic u l t u r a l w a g e a n d s a la r y w o r k e r s ............................... 5 .9 6 .9 7 .1 7 .1 7 .7 7 .9 7 .6 7 .3 7 .2 7 .3 7 .5 7 .2 7 .3 7 .2 7 .1 4 .7 4 .9 4 .9 4 .9 5 .1 5 .1 5 .7 6 .0 5 .9 6 .1 5 .8 5 .1 5 .5 5 .0 4 .9 1 2 .1 1 4 .7 1 3 .3 1 3 .3 1 5 .6 1 6 .5 1 6 .0 1 6 .4 1 6 .3 1 7 .2 1 7 .0 1 7 .0 1 4 .2 1 4 .6 1 6 .1 'A g g r e g a t e h o u r s lo s t b y t h e u n e m p lo y e d , a n d p e r s o n s o n p a r t t im e f o r e c o n o m ic r e a s o n s a s a p e r c e n t o f p o t e n tia lly a v a ila b le la b o r f o r c e h o u r s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 87 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Household Data 6. U nem ploym ent rates by sex and age, seasonally adjusted [Civilian w o r k e r s ] ______________________________________________________________ _____________ Sex and age Sept. Oct. Nov. Dec. Jan. Feb. M a r. Apr. M ay June 1 0 .3 1 0 .2 Sept. A ug. July 9 .3 ............................................................. 7 .6 9 .7 1 0 .2 1 0 .5 1 0 .7 1 0 .8 1 0 .4 1 0 .4 1 0 .1 1 0 .0 9 .5 9 .5 1 4 .9 1 7 .8 1 8 .3 1 8 .7 1 9 .0 1 8 .9 1 8 .3 1 8 .3 1 8 .1 1 8 .1 1 8 .1 1 7 .6 1 6 .8 1 7 .4 1 6 .5 2 2 .2 2 3 .5 2 3 .4 2 3 .0 2 3 .6 2 2 .8 2 3 .0 2 1 .8 1 6 t o 1 9 y e a r s .......................................................................... 1 9 .6 2 3 .2 2 3 .8 2 4 .1 2 4 .2 2 4 .5 2 2 .7 2 1 .4 2 4 .9 2 6 .5 2 6 .1 2 6 .3 2 7 .4 2 4 .1 2 3 .4 2 5 .1 2 6 .3 2 6 .2 2 5 .8 2 5 .3 2 4 .7 2 3 .9 1 6 t o 1 7 y e a r s ...................................................................... 2 2 .1 2 2 .0 2 2 .9 2 2 .8 2 2 .7 2 1 .7 2 1 .5 2 2 .7 2 1 .8 2 1 .1 2 2 .4 2 1 .1 2 2 .0 20 4 1 8 t o 1 9 y e a r s ...................................................................... 1 8 .4 1 2 .3 1 4 .5 1 3 .8 2 0 t o 2 4 y e a r s .......................................................................... 1 3 .8 1 4 .9 1 6 .3 1 5 .8 1 5 .3 1 6 .0 1 6 .1 1 6 .3 1 5 .4 1 5 .4 1 5 .6 1 4 .4 8 .2 8 .1 8 .0 7 .9 7 .9 7 .4 7 .3 7 .3 ...................................................................... 5 .4 7 .4 7 .9 8 .1 8 .3 8 .6 8 .1 5 .8 7 .9 8 .6 8 .7 8 .9 9 .1 8 .7 8 .7 8 .7 8 .5 8 .5 8 .3 7 .8 7 .8 7 .7 2 5 t o 5 4 y e a r s ...................................................................... 5 5 y e a r s a n d o v e r ............................................................. 3 .6 5 .0 5 .2 5 .5 5 .7 5 .8 5 .4 5 .4 5 .4 5 .6 5 .3 5 .6 5 .3 5 .1 5 .1 1 0 .8 1 0 .7 1 0 .7 1 0 .6 1 0 .0 9 .8 9 .9 9 .7 2 5 y e a rs a n d o v e r M e n , 1 6 y e a r s a n d o v e r ..................................................... 7 .4 9 .9 1 0 .7 1 0 .9 1 1 .1 1 1 .2 1 0 .6 1 6 t o 2 4 y e a r s ...................................................................... 1 5 .7 1 9 .1 2 0 .0 2 0 .2 2 0 .6 2 0 .5 1 9 .7 1 9 .8 ' 1 9 .5 1 9 .4 1 9 .7 1 8 .4 1 8 .4 1 8 .8 1 7 .6 ............................................................. 2 0 .1 2 4 .4 2 5 .4 25 6 2 5 .7 2 5 .8 2 3 .9 2 3 .6 2 5 .3 2 4 .4 2 3 .9 2 3 .7 2 3 .8 2 4 .7 2 2 .9 1 6 t o 1 7 y e a r s ......................................................... 2 2 .0 2 6 .4 2 9 .0 2 8 .8 2 8 .2 2 9 .0 2 4 .4 2 3 .6 2 6 .0 2 7 .0 2 7 .4 2 5 .4 2 7 .9 2 6 .2 2 3 .5 2 3 .5 2 3 .4 2 4 .8 2 2 .8 2 2 .0 2 2 .9 2 1 .2 2 3 .7 2 2 .5 1 6 to 1 9 y e a rs 1 8 .8 2 3 .1 2 3 .0 2 3 .4 2 4 .1 2 4 .0 ............................................................. 1 3 .2 1 6 .4 1 7 .3 1 7 .4 1 8 .0 17 8 1 7 .6 1 7 .8 1 6 .6 1 7 .0 1 7 .6 1 5 .7 1 5 .7 1 5 .9 1 5 .0 2 5 y e a r s a n d o v e r ............................................................. 5 .1 7 .5 8 .2 8 .5 8 .6 8 .8 8 .2 8 .5 8 .4 8 .5 8 .2 7 .8 7 .6 7 .5 7 .6 8 .4 8 .1 8 .0 8 .1 5 .4 5 .4 5 .3 5 .6 1 8 t o 1 9 y e a r s ......................................................... 2 0 to 2 4 y e a rs 2 5 to 5 4 y e a rs ......................................................... 5 5 y e a rs a n d o v e r ................................................ 5 .5 3 .5 8 .0 5 .1 9 .0 5 .5 9 .1 9 .2 9 .4 8 .7 9 .1 9 .0 8 .9 8 .8 6 .0 6 .2 6 .3 5 .8 5 .7 5 .8 6 .3 5 .8 W o m e n , 1 6 y e a r s a n d o v e r ............................................ 7 .9 9 .4 9 .6 9 .9 1 0 .2 1 0 .3 1 0 .0 9 .8 9 .8 9 .6 9 .5 9 .9 9 .0 9 .1 8 .8 1 6 t o 2 4 y e a r s ...................................................................... 1 4 .0 1 6 .2 1 6 .3 1 7 .0 1 7 .2 1 7 .1 1 6 .7 16 6 1 6 .6 1 6 .5 1 6 .2 1 6 .6 1 4 .9 15 9 1 5 .2 ............................................................. 1 9 .0 2 1 .9 2 2 .1 2 2 .5 2 2 .6 2 3 .0 2 1 .5 2 0 .7 2 1 .5 2 2 .4 2 1 .9 2 3 .4 2 1 .6 2 1 .2 2 0 .5 1 6 t o 1 7 y e a r s ......................................................... 2 0 .7 2 3 .2 2 3 .8 2 2 .9 2 4 .2 2 5 .6 2 3 .7 2 3 .2 2 4 .2 2 5 .5 2 4 .7 2 6 .2 2 2 .3 2 3 .1 2 4 .3 1 8 t o 1 9 y e a r s ......................................................... 1 7 .9 2 1 .0 2 0 .9 2 2 .3 2 1 .4 2 1 .3 1 9 .8 1 9 .3 2 0 .5 2 0 .7 2 0 .2 2 1 .9 2 1 .0 2 0 .3 1 7 .9 1 4 .5 1 4 .1 1 3 .5 13 3 1 2 .9 1 1 .5 1 3 .0 1 2 .5 1 6 to 1 9 y e a rs ............................................................. 1 1 .2 1 3 .2 1 3 .1 1 4 .0 1 4 .4 1 4 .0 1 4 .2 2 5 y e a r s a n d o v e r .................. ........................................ 5 .9 7 .3 7 .5 7 .6 7 .9 8 .2 7 .9 7 .7 7 .7 7 .4 7 .6 7 .9 7 .2 7 .0 6 .8 6 .3 7 .7 8 .0 8 2 8 .5 8 .8 8 .7 8 .2 8 .3 7 .9 8 .2 8 .2 7 ,6 7 .5 7 .3 4 .9 4 .7 4 .5 4 .6 5 .8 5 .3 4 .7 4 .4 Jan. Feb. M a r. Apr. M ay June July Aug. Sept. 6 ,0 0 2 2 0 to 2 4 y e a rs 2 5 to 5 4 y e a rs ......................................................... 5 5 y e a rs a n d o v e r 7. 1982 ............................................................................... T o t a l, 1 6 y e a r s a n d o v e r 16 to 2 4 y e a rs 1981 198 3 1 982 Annual averag e ................................................ 3 .8 4 .8 4 .8 4 .9 4 .8 5 .1 4 .8 U nem ployed persons by reason for unem ploym ent, seasonally adjusted [Numbers in thousands] J o b lo s e r s 1 982 Sept. Oct. Nov. D ec. 4 ,2 5 7 6 ,2 5 8 6 ,9 7 9 7 ,3 2 5 7 ,3 6 9 7 ,2 9 5 6 ,7 0 4 6 ,8 0 9 6 ,8 2 3 6 ,7 5 0 6 ,7 6 6 6 ,5 1 3 6 ,1 9 3 6 ,2 0 2 ......................................................... 1 ,4 3 0 2 ,1 2 7 2 ,6 2 5 2 ,5 1 9 2 ,5 3 1 2 ,4 6 8 2 ,1 3 1 2 ,0 2 4 1 ,9 4 5 1 ,9 4 8 1 ,9 4 3 1 ,8 2 2 1 ,7 1 9 1 ,6 5 8 1 ,5 9 1 ....................................... 2 ,8 3 7 4 ,1 4 1 4 ,3 5 4 4 ,8 0 6 4 ,8 3 8 4 ,8 2 7 4 ,5 7 3 4 ,7 8 4 4 ,8 7 8 4 ,8 0 3 4 ,8 2 3 4 ,6 9 1 4 ,4 7 4 4 ,5 4 5 4 ,4 1 1 738 767 866 .................................................................. O n la y o f f 1981 1983 1982 A nnual a verag e R eason for u n e m p lo ym en t O th e r jo b lo s e r s J o b l e a v e r s .................................................................. 923 840 786 803 794 826 839 848 901 815 801 782 R e e n t r a n t s .................................................................. 2,102 2 ,3 8 4 2 ,4 3 7 2 ,3 2 2 2 ,5 4 6 2 ,5 2 9 2 ,6 2 3 2 ,4 9 1 2 ,4 2 6 2 ,4 8 8 2 ,3 6 5 2 ,4 2 5 2 ,4 2 9 2 ,5 2 4 2 ,3 5 1 N e w e n t r a n t s ............................................................. 981 1 ,1 8 5 1 ,3 0 3 1 ,2 9 6 1 ,2 4 4 1 ,2 8 8 1 ,1 7 4 1 ,1 6 1 1 ,1 5 5 1 ,2 4 5 1 ,2 5 1 1 ,4 4 0 1 ,2 2 5 1 ,2 1 4 1 ,2 4 7 PER CENT D IS TR IB U T IO N T o ta l u n e m p l o y e d ................................................ 100.0 100.0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 100 0 1 0 0 .0 1 0 0 .0 1 0 0 .0 J o b l o s e r s .................................................................. 5 1 ,6 5 8 .7 6 0 .7 6 2 .4 6 1 .5 6 0 .6 5 9 .1 6 0 .2 6 0 .4 5 9 .7 6 0 .5 5 8 .4 5 8 .5 57 9 5 7 .3 1 7 .9 1 7 .2 1 7 .2 1 7 .4 1 6 .3 1 6 .2 1 5 .5 1 5 .2 4 2 .3 4 3 .1 4 2 .5 4 3 .1 4 2 .0 4 2 .3 4 2 .4 4 2 .1 O n la y o ff ......................................................... O t h e r jo b lo s e r s ....................................... 1 7 .3 1 9 .9 2 2 .8 2 1 .4 2 1 .2 2 0 .5 1 8 .8 3 4 .3 3 8 .8 3 7 .8 4 0 .9 4 0 .5 4 0 .1 4 0 .3 J o b l e a v e r s .................................................................. 11.2 7 .9 6 .8 6 .8 6 .6 6 .9 7 .4 7 .5 8 .0 7 .2 7 .2 7 .0 7 .0 7 .2 8 .3 R e e n t r a n t s .................................................................. 2 5 .4 2 2 .3 2 1 .2 1 9 .8 2 1 .3 2 1 .8 2 3 .1 2 2 .C 2 1 .5 2 2 .0 2 1 .1 2 1 .7 2 2 .9 2 3 .6 2 2 .5 1 1 .9 11.1 1 0 .4 1 0 .3 1 0 .2 1 1 .0 1 1 .2 12 9 1 1 .6 1 1 .3 1 1 .9 5 .8 5 .5 5 .5 1 1 .3 1 1 .0 1 0 .4 1 0 .7 .................................................................. 6 .3 6 .6 6 .6 6 .6 6 .1 6 .2 6 .2 6 .1 6 .1 J o b l e a v e r s .................................................................. .7 .7 .7 ,7 .8 .8 .8 .7 .7 .7 .7 .7 .8 2 .2 2 .2 2 .1 N e w e n t r a n t s ............................................................. PER CENT OF C IV IL IA N LABOR FORCE J o b lo s e r s R e e n t r a n t s ................................................................. 1 .9 2.2 N e w e n t r a n t s ............................................................. .9 1.1 8. 5 .3 2 .2 2 .1 2 .3 2 .4 2 .4 2 .3 2 .2 2 .2 2 .1 2 .2 1 .2 1 .2 1 .1 1 .2 1 .1 1 .1 1 .0 1 .1 1 .1 1 .3 1 .1 1 .1 1 .1 D uration of unem ploym ent, seasonally adjusted [ N u m b e r s in t h o u s a n d s ] 1 983 198 2 Annu al averag e W e e k s of u n e m p lo ym en t 1981 1982 Sept. Oct. Nov. Dec. Jan. Feb. M a r. Apr. M ay June July A ug. S e p t. L e s s t h a n 5 w e e k s ............................................................................... 3 ,4 4 9 3 ,8 8 3 4 ,0 0 4 3 ,9 3 0 3 ,9 6 3 4 ,0 1 9 3 ,5 3 6 3 ,7 3 1 3 ,4 4 0 3 ,5 4 7 3 ,5 1 9 3 ,6 5 5 3 ,4 9 8 3 ,6 6 0 3 ,7 7 4 5 t o 1 4 w e e k s ........................................................................................ 2 ,5 3 9 3 ,3 1 1 3 ,5 4 9 3 ,5 1 1 3 ,5 4 9 3 ,4 6 0 3 ,3 2 8 3 ,1 0 6 3 ,1 4 0 3 ,1 5 4 2 ,9 7 9 2 ,9 1 5 2 ,7 9 4 3 ,0 2 6 2 ,8 1 0 .......................................................................... 2 ,2 8 5 3 ,4 8 5 3 ,8 5 6 4 ,1 6 7 4 ,5 2 4 4 ,7 3 2 4 ,6 3 4 4 ,6 1 8 4 ,6 1 5 4 ,3 5 6 4 ,5 1 7 4 ,5 8 9 4 ,4 1 7 4 ,0 2 0 3 ,8 5 0 1 5 t o 2 6 w e e k s .......................................................................... 1 ,1 2 2 1 ,7 0 8 1 ,8 3 0 1 ,9 5 1 2 ,1 9 1 2 ,1 2 5 1 ,9 2 8 1 ,9 2 8 1 ,8 7 5 1 ,6 6 2 1 ,7 3 1 1 ,6 3 8 1 ,8 3 0 1 ,5 7 3 1 ,3 4 4 2 7 w e e k s a n d o v e r .................................................................. 1 ,1 6 2 1 ,7 7 6 2 ,0 2 6 2 ,2 1 6 2 ,3 3 3 . 2 ,6 0 7 2 ,7 0 6 2 ,6 8 9 2 ,7 4 0 2 ,6 9 4 2 ,7 8 6 2 ,9 5 1 2 ,5 8 7 2 ,4 4 7 2 ,5 0 6 M e a n d u r a tio n in w e e k s .................................................................. 1 3 .7 1 5 .6 1 6 .6 1 7 .1 1 7 .3 1 8 .0 1 9 .4 1 9 .0 1 9 .1 1 9 .0 2 0 .4 2 2 .0 2 1 .7 1 9 .9 2 0 .2 M e d ia n d u r a tio n in w e e k s ............................................................. 6 .9 8 .7 9 .4 9 .6 10 0 1 0 .1 1 1 .5 9 .6 1 0 .3 1 1 .3 1 2 .3 1 1 .8 9 .9 8 .9 9 .1 15 w eeks and over 88 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis EMPLOYMENT, HOURS, AND EARNINGS DATA FROM ESTABLISHMENT SURVEYS E , , in this section are com piled from payroll records reported monthly on a voluntary basis to the Bureau of Labor Statistics and its cooperating State agencies by 189,000 establishments representing all industries except ag riculture. In most industries, the sampling probabilities are based on the size of the establishment; most large establishments are therefore in the sample. (An establishment is not necessarily a firm; it may be a branch plant, for example, or warehouse.) Selfemployed persons and others not on a regular civilian payroll are outside the scope of the survey because they are excluded from establishment records. This largely accounts for the difference in employment figures between the household and establishment sur veys. m p l o y m e n t h o u r s a n d e a r n in g s d a t a Definitions Employed persons are all persons who received pay (including holiday and sick pay) for any part of the payroll period including the 12th of the month. Persons holding more than one job (about 5 percent of all persons in the labor force) are counted in each establishment which reports them. Production workers in manufacturing include blue-collar worker su pervisors and all nonsupervisory workers closely associated with produc tion operations. Those workers mentioned in tables 12-17 include production workers in manufacturing and mining; construction workers in construc tion; and nonsupervisory workers in transportation and public utilities; in wholesale and retail trade; in finance, insurance, and real estate; and in services industries. These groups account for about four-fifths of the total employment on private nonagricultural payrolls. Earnings are the payments production or nonsupervisory workers re ceive during the survey period, including premium pay for overtime or late-shift work but excluding irregular bonuses and other special payments. Real earnings are earnings adjusted to reflect the effects of changes in consumer prices. The deflator for this series is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The Hourly Earnings Index is calculated from average hourly earnings data adjusted to exclude the effects of two types of changes that are unrelated to underlying wage-rate developments; fluctuations in overtime premiums https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in manufacturing (the only sector for which overtime data are available) and the effects of changes and seasonal factors in the proportion o f workers in high-wage and low-wage industries. Hours represent the average weekly hours of production or nonsuper visory workers for which pay was received and are different from standard or scheduled hours. Overtime hours represent the portion of gross average weekly hours which were in excess of regular hours and for which overtime premiums were paid. The Diffusion Index, introduced in table 17 of the May issue, represents the percent of 186 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 3-, 6-, and 9-month spans are seasonally adjusted, while that for the 12-month span is unadjusted. The diffusion index is useful for measuring the dispersion of economic gains or losses and is also an economic indi cator. Notes on the data Establishment data collected by the Bureau of Labor Statistics are pe riodically adjusted to com prehensive counts o f em ploym ent (called “ benchmarks” ). The latest complete adjustment was made with the release of May 1983 data, published in the July 1983 issue of the Review. Con sequently, data published in the Review prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1981; seasonally adjusted data have been revised back to January 1978. Unadjusted data from April 1982 forward, and seasonally adjusted data from January 1979 forward are subject to revision in future bench marks. Earlier comparable unadjusted and seasonally adjusted data are published in a Supplement to Employment and Earnings (unadjusted data from April 1977 through February 1983 and seasonally adjusted data from January 1974 through February 1983) and in Employment and Earnings, United States, 1909-78, BLS Bulletin 1312-11 (for prior periods). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “ Com paring employment estimates from household and payroll surveys,” Monthly Labor Review, December 1969, pp. 9 -2 0 . See also BLS Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982). 89 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Establishment Data 9. E m ploym ent by industry, selected years, 1 9 5 0 -8 2 [Nonagricultural payroll data, in thousands] G oods-producing S e rv ic e -p ro d u c in g T ran sp o r Year Total P riva te sector T otal M in in g C onstruc M a n u fa c tion turing W h o le s a le and re ta il trad e tation Total W h o le and Total public sale trade u tilitie s G o vern m en t F in an ce, insu ran ce, R e ta il and real trad e estate S ervices To tal Fe d e ra l S ta te and local 1950 ................................................. 4 5 ,1 9 7 3 9 ,1 7 0 1 8 ,5 0 6 901 2 ,3 6 4 1 5 ,2 4 1 2 6 ,6 9 1 4 ,0 3 4 9 ,3 8 6 2 ,6 3 5 6 ,7 5 1 1 ,8 8 8 5 ,3 5 7 6 ,0 2 6 1 ,9 2 8 4 ,0 9 8 1955 ................................................. 5 0 ,6 4 1 4 3 ,7 2 7 2 0 ,5 1 3 792 2 ,8 3 9 1 6 ,8 8 2 3 0 ,1 2 8 4 ,1 4 1 1 0 ,5 3 5 2 ,9 2 6 7 ,6 1 0 2 ,2 9 8 6 ,2 4 0 6 ,9 1 4 2 ,1 8 7 4 ,7 2 7 ............................................ 5 4 ,1 8 9 4 5 ,8 3 6 2 0 ,4 3 4 712 2 ,9 2 6 1 6 ,7 9 6 3 3 ,7 5 5 4 ,0 0 4 1 1 ,3 9 1 3 ,1 4 3 8 ,2 4 8 2 ,6 2 9 7 ,3 7 8 8 ,3 5 3 2 ,2 7 0 6 ,0 8 3 1964 ................................................. 5 8 ,2 8 3 4 8 ,6 8 6 2 1 ,0 0 5 634 3 ,0 9 7 1 7 ,2 7 4 3 7 ,2 7 8 3 ,9 5 1 1 2 ,1 6 0 3 ,3 3 7 8 ,8 2 3 2 ,9 1 1 8 ,6 6 0 9 ,5 9 6 2 ,3 4 8 7 ,2 4 8 1965 ................................................ 6 0 ,7 6 5 5 0 ,5 8 9 2 1 ,9 2 6 632 3 ,2 3 2 1 8 ,0 6 2 3 8 ,8 3 9 4 ,0 3 6 1 2 ,7 1 6 3 ,4 6 6 9 ,2 5 0 2 ,9 7 7 9 ,0 3 6 1 0 ,0 7 4 2 ,3 7 8 7 ,6 9 6 I9 6 0 1 1966 ................................................ 6 3 ,9 0 1 5 3 ,1 1 6 2 3 ,1 5 8 627 3 ,3 1 7 1 9 ,2 1 4 4 0 ,7 4 3 4 ,1 5 8 1 3 ,2 4 5 3 ,5 9 7 9 ,6 4 8 1967 ................................................ 6 5 ,8 0 3 5 4 ,4 1 3 2 3 ,3 0 8 613 3 ,2 4 8 1 9 ,4 4 7 4 2 ,4 9 5 4 ,2 6 8 1 3 ,6 0 6 3 ,6 8 9 9 ,9 1 7 3 ,1 8 5 1 0 ,0 4 5 1 1 ,3 9 1 2 ,7 1 9 8 ,6 7 2 1968 ................................................ 6 7 ,8 9 7 5 6 ,0 5 8 2 3 ,7 3 7 606 3 ,3 5 0 1 9 ,7 8 1 4 4 ,1 6 0 4 ,3 1 8 1 4 ,0 9 9 3 ,7 7 9 1 0 ,3 2 0 3 ,3 3 7 1 0 ,5 6 7 1 1 ,8 3 9 2 ,7 3 7 9 ,1 0 2 3 ,0 5 8 9 ,4 9 8 1 0 ,7 8 4 2 ,5 6 4 8 ,2 2 0 1969 ................................................ 7 0 ,3 8 4 5 8 ,1 8 9 2 4 ,3 6 1 619 3 ,5 7 5 2 0 ,1 6 7 4 6 ,0 2 3 4 ,4 4 2 1 4 ,7 0 6 3 ,9 0 7 1 0 ,7 9 8 3 ,5 1 2 1 1 ,1 6 9 1 2 ,1 9 5 2 ,7 5 8 9 ,4 3 7 1970 ................................................ 7 0 ,8 8 0 5 8 ,3 2 5 2 3 ,5 7 8 623 3 ,5 8 8 1 9 ,3 6 7 4 7 ,3 0 2 4 ,5 1 5 1 5 ,0 4 0 3 ,9 9 3 1 1 ,0 4 7 3 ,6 4 5 1 1 ,5 4 8 1 2 ,5 5 4 2 ,7 3 1 9 ,8 2 3 5 8 ,3 3 1 2 2 ,9 3 5 1 9 7 1 ................................................ 7 1 ,2 1 4 609 3 ,7 0 4 1 8 ,6 2 3 4 8 ,2 7 8 4 ,4 7 6 1 5 ,3 5 2 4 ,0 0 1 1 1 ,3 5 1 3 ,7 7 2 1 1 ,7 9 7 1 2 ,8 8 1 2 ,6 9 6 1 0 ,1 8 5 1972 ................................................ 7 3 ,6 7 5 6 0 ,3 4 1 2 3 ,6 6 8 628 3 ,8 8 9 1 9 ,1 5 1 5 0 ,0 0 7 4 ,5 4 1 1 5 ,9 4 9 4 ,1 1 3 1 1 ,8 3 6 3 ,9 0 8 1 2 ,2 7 6 1 3 ,3 3 4 2 ,6 8 4 1 0 ,6 4 9 1973 ................................................ 7 6 ,7 9 0 6 3 ,0 5 8 2 4 ,8 9 3 642 4 ,0 9 7 2 0 ,1 5 4 5 1 ,8 9 7 4 ,6 5 6 1 6 ,6 0 7 4 ,2 7 7 1 2 ,3 2 9 4 ,0 4 5 1 2 ,8 5 7 1 3 ,7 3 2 2 ,6 6 3 1974 ................................................ 7 8 ,2 6 5 6 4 ,0 9 5 2 4 ,7 9 4 697 4 ,0 2 0 2 0 ,0 7 7 5 3 ,4 7 1 4 ,7 2 5 1 6 ,9 8 7 4 ,4 3 3 1 2 ,5 5 4 4 ,1 4 8 1 3 ,4 4 1 1 4 ,1 7 0 2 ,7 2 4 1 1 ,4 4 6 1975 ................................................ 7 6 ,9 4 5 6 2 ,2 5 9 2 2 ,6 0 0 752 3 ,5 2 5 1 8 ,3 2 3 5 4 ,3 4 5 4 ,5 4 2 1 7 ,0 6 0 4 ,4 1 5 1 2 ,6 4 5 4 ,1 6 5 1 3 ,8 9 2 1 4 ,6 8 6 2 ,7 4 8 1 1 ,9 3 7 2 ,7 3 3 1 2 ,1 3 8 1 1 ,0 6 8 1976 ................................................ 7 9 ,3 8 2 6 4 ,5 1 1 2 3 ,3 5 2 779 3 ,5 7 6 1 8 ,9 9 7 5 6 ,0 3 0 4 ,5 8 2 1 7 ,7 5 5 4 ,5 4 6 1 3 ,2 0 9 4 ,2 7 1 1 4 ,5 5 1 1 4 ,8 7 1 1977 ................................................ 8 2 ,4 7 1 6 7 ,3 4 4 2 4 ,3 4 6 813 3 ,8 5 1 1 9 ,5 8 2 5 8 ,1 2 5 4 ,7 1 3 1 8 ,5 1 6 4 ,7 0 8 1 3 ,8 0 8 4 ,4 6 7 1 5 ,3 0 3 1 5 ,1 2 7 2 ,7 2 7 1 2 ,3 9 9 1978 ................................................ 8 6 ,6 9 7 7 1 ,0 2 6 2 5 ,5 8 5 851 4 ,2 2 9 2 0 ,5 0 5 6 1 ,1 1 3 4 ,9 2 3 1 9 ,5 4 2 4 ,9 6 9 1 4 ,5 7 3 4 ,7 2 4 1 6 ,2 5 2 1 5 ,6 7 2 2 ,7 5 3 1 2 ,9 1 9 1979 ................................................ 8 9 ,8 2 3 7 3 ,8 7 6 2 6 ,4 6 1 958 4 ,4 6 3 2 1 ,0 4 0 6 3 ,3 6 3 5 ,1 3 6 2 0 ,1 9 2 5 ,2 0 4 1 4 ,9 8 9 4 ,9 7 5 1 7 ,1 1 2 1 5 ,9 4 7 2 ,7 7 3 1 3 ,1 4 7 1980 ................................................ 9 0 ,4 0 6 7 4 ,1 6 6 2 5 ,6 5 8 1 ,0 2 7 4 ,3 4 6 2 0 ,2 8 5 6 4 ,7 4 8 5 ,1 4 6 2 0 ,3 1 0 5 ,2 7 5 1 5 ,0 3 5 5 ,1 8 0 1 7 ,8 9 0 1 6 ,2 4 1 2 ,8 6 6 1 3 ,3 7 5 1 9 8 1 ................................................ 9 1 ,1 5 6 7 5 ,1 2 6 2 5 ,4 9 7 1 ,1 3 9 4 ,1 8 8 2 0 ,1 7 0 6 5 ,6 5 9 5 ,1 6 5 2 0 ,5 4 7 5 ,3 5 8 1 5 ,1 8 9 5 ,2 9 8 1 8 ,6 1 9 1 6 ,0 3 1 2 ,7 7 2 1 3 ,2 5 9 1982 8 9 ,5 9 6 7 3 ,7 9 3 2 3 ,9 0 7 1 ,1 4 3 3 ,9 1 1 1 8 ,8 5 3 6 5 ,6 8 9 5 ,0 8 1 2 0 ,4 0 1 5 ,2 8 0 1 5 ,1 2 2 5 ,3 4 0 1 9 ,0 6 4 1 5 ,8 0 3 2 ,7 3 9 1 3 ,0 6 4 ................................................ 1 D a ta in c lu d e A la s k a a n d H a w a ii b e g in n in g in 1 9 5 9 , 10. E m ploym ent by State [Nonagricultural payroll data, in thousands] S tate A l a b a m a ...................... August 1 982 July 198 3 August 1983P 1 ,3 1 2 .6 1 ,3 1 9 .2 1 ,3 1 2 .4 S tate 2 7 1 .5 2 6 7 .9 5 9 8 .3 5 9 4 .6 5 9 5 .5 4 0 8 .1 4 1 7 .8 4 1 9 .4 4 0 1 .5 4 0 0 .7 4 0 1 ,7 3 , 1 2 6 .8 3 , 1 3 4 .5 3 , 1 2 0 .7 4 7 3 .6 4 8 2 .7 4 8 2 .0 . . 7 .2 4 2 .4 7 , 2 0 1 .1 7 . 1 6 0 .5 N o r th C a r o lin a 2 .3 0 1 .5 2 ,3 2 0 .9 2 . 3 3 3 .6 2 3 0 .6 2 3 1 .4 1 ,0 0 2 .5 1 , 0 1 8 .1 1 ,0 0 9 .8 A rk a n s a s .................. 7 1 5 .2 7 2 1 .9 7 2 2 .5 C a lif o r n ia .................. 9 ,7 4 8 .9 9 ,8 4 6 .9 9 ,8 0 0 .3 N e w J e rs e y C o lo r a d o .................. 1 . 3 0 6 .4 1 ,3 3 2 .9 1 ,3 2 7 .5 N e w M e x ic o . . . . . 1 .4 0 7 .4 1 ,4 1 9 .8 1 ,4 0 7 .0 N ew Y o rk 2 6 1 .8 2 6 5 .6 2 6 4 .3 N o r th D a k o ta D e la w a r e .................. D i s t r ic t o f C o lu m b ia F l o r i d a .......................... G e o r g ia 6 0 9 .3 6 1 1 .1 5 9 9 .8 3 .6 7 9 .4 3 ,8 1 0 .7 3 ,7 8 3 .2 A ugust 1983P N e b ra s k a 220.2 ...................... C o n n e c t ic u t Ju ly 1 9 8 3 M o n ta n a . . . . A l a s k a ........................... A r iz o n a August 1 9 8 2 . . . N evada . . . . N e w H a m p s h ir e . . O h i o .................. 2 6 6 .2 2 5 1 .9 2 5 4 .2 2 5 2 .5 4 ,1 1 6 .7 4 ,0 9 2 .8 4 , 0 8 5 .9 ...................... 2 ,2 0 6 .5 2 .2 3 6 .7 2 ,2 4 6 .9 H a w a i i .......................... 4 0 3 .9 4 0 1 .8 4 0 0 .2 O re g o n Id a h o 9 5 7 .5 9 4 6 .1 3 0 7 .6 9 4 8 .9 3 1 3 .9 3 1 3 .9 P e n n s y lv a n ia 4 .5 3 4 .9 4 ,4 7 3 .9 4 , 5 9 2 .1 4 ,4 5 7 .9 4 ,5 3 5 .9 4 .5 1 6 .0 R h o d e Is la n d ...................... 3 9 2 .7 3 8 8 .3 1 ,9 9 7 .9 3 9 2 .5 1 .9 9 2 .7 1 . 9 8 8 .1 S o u th C a r o lin a 1 ,1 4 6 .4 1 , 1 6 6 .1 1 ,1 6 5 .3 I o w a ............................... 1 .0 1 3 .0 9 9 8 .7 9 9 0 .0 S o u t h D a k o ta 2 3 0 .9 2 3 5 .0 2 3 4 .4 Tennessee . . 1 ,6 8 1 .6 1 ,6 7 1 .5 1 , 6 7 9 .1 Texas ........................... I l l i n o i s ........................... In d ia n a Kansas O k la h o m a . . . . . 1 .2 3 0 .8 1 ,2 0 1 .3 1 ,1 9 4 .1 ...................... 8 9 8 .5 902 5 8 9 6 .7 K e n tu c k y .................. 1 ,1 5 6 .8 1 , 1 5 0 .2 1 ,1 5 3 .9 L o u is ia n a .................. 6 , 2 4 8 .1 6 , 1 5 8 .1 1 . 6 0 1 .1 6 , 1 0 9 .9 1 ,5 8 3 .5 1 ,5 7 7 .0 U t a h .................. M a i n e ........................... 5 5 8 .4 5 5 8 .9 4 2 4 .5 5 5 8 .2 4 1 8 .0 4 2 8 .0 V e rm o n t . . . 2 0 3 .8 2 0 3 .7 2 0 4 .4 1 .6 5 8 .5 1 .6 8 7 .5 1 .6 7 5 .5 V ir g in ia 2 ,1 3 4 .2 2 , 1 6 2 .6 2 ,1 5 2 .8 1 ,5 5 8 .9 1 ,5 7 6 .8 1 ,5 6 4 .3 6 1 3 .2 5 9 0 .8 5 9 0 .4 M a r y la n d .................. M a s s a c h u s e t ts M ic h ig a n M i n n e s o ta M i s s is s ip p i . . . . . . . . . 2 ,6 0 6 .0 2 .5 9 5 .5 2 .5 8 5 .6 W a s h in g t o n .................. 3 ,1 5 3 .7 3 , 1 8 4 .1 3 .1 6 3 .6 W e s t V ir g in ia 1 .7 0 4 .6 1 .7 0 3 .5 1 ,7 0 8 .3 W is c o n s in . . 1 ,8 7 3 .0 7 8 1 .1 1 ,8 5 5 .3 7 8 3 .0 1 ,8 4 9 .6 7 7 6 .8 W y o m in g . . 2 1 8 .2 2 1 4 .1 1 .9 1 7 .6 1 ,9 0 3 .9 2 1 3 .3 1 , 9 0 5 .1 3 6 .7 3 6 .2 3 5 .6 .................. . . . . M i s s o u r i ...................... . V ir g in Is la n d s 1 D a ta n o t a v a ila b le . 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis p = p r e lim in a r y . 11. E m ploym ent by industry division and m ajor m anufacturing group, seasonally adjusted [ N o n a g r i c u l t u r a l p a y r o l l d a t a , in t h o u s a n d s ] 198 2 Annual a verag e 1983 Industry d iv is io n and group TO TAL PR IVA TE SECTOR G O O D S -P R O D U C IN G 1981 1 982 Sept. Oct. Nov. D ec. Jan. Feb. M a r. Apr. M ay June July A u g .F S e p t.F 9 1 ,1 5 6 8 9 ,5 9 6 8 9 ,2 3 5 8 8 ,9 3 8 8 8 ,7 8 5 8 8 ,6 6 5 8 8 ,8 8 5 8 8 ,7 4 6 8 8 ,8 1 4 8 9 ,1 0 1 8 9 ,4 2 1 8 9 ,8 4 4 9 0 ,1 5 2 8 9 ,7 3 5 9 0 ,4 6 8 7 5 ,1 2 6 7 3 ,7 9 3 7 3 ,4 5 1 7 3 ,1 5 8 7 3 ,0 1 3 7 2 ,9 0 7 7 3 ,1 3 2 7 3 ,0 0 4 7 3 ,0 9 0 7 3 ,3 7 7 7 3 ,6 7 7 7 4 ,1 2 3 7 4 ,4 7 2 7 4 ,0 8 3 7 4 ,8 1 0 2 5 ,4 9 7 2 3 ,9 0 7 2 3 ,5 3 0 2 3 ,2 8 7 2 3 ,1 3 1 2 3 ,0 6 1 2 3 ,1 8 6 2 3 ,0 4 9 2 3 ,0 3 0 2 3 ,1 5 9 2 3 ,3 4 7 2 3 ,5 1 8 2 3 ,7 2 4 2 3 ,8 3 2 2 3 ,9 2 7 1 ,0 2 5 1 ,0 2 3 M in in g 1 ,1 3 9 1 ,1 4 3 1 ,1 0 0 1 ,0 8 2 1 ,0 6 6 1 ,0 5 3 1 ,0 3 7 1 ,0 1 4 1 ,0 0 6 997 994 1 ,0 0 3 1 ,0 1 7 Construction 4 ,1 8 8 3 ,9 1 1 3 ,8 7 5 3 ,8 4 7 3 ,8 4 3 3 ,8 1 5 3 ,9 0 5 3 ,7 9 0 3 ,7 5 7 3 ,7 8 6 3 ,8 6 0 3 ,9 3 3 3 ,9 7 4 4 ,0 2 2 4 ,0 5 0 2 0 .1 7 0 1 8 ,8 5 3 1 8 ,5 5 5 1 8 ,3 5 8 1 8 ,2 2 2 1 8 ,1 9 3 1 8 ,2 4 4 1 8 ,2 4 5 1 8 ,2 6 7 1 8 ,3 7 6 1 8 ,4 9 3 1 8 ,5 8 2 1 8 ,7 3 3 1 8 ,7 8 5 1 8 ,8 5 4 M a n u fa c tu rin g P r o d u c tio n w o r k e r s ..................................................... 1 4 ,0 2 0 1 2 ,7 9 0 1 2 ,5 4 2 1 2 ,3 6 8 1 2 ,2 5 2 1 2 ,2 4 1 1 2 ,2 9 1 1 2 ,3 0 3 1 2 ,3 2 3 1 2 ,4 3 5 1 2 ,5 3 1 1 2 ,6 1 5 1 2 ,7 5 6 1 2 ,7 9 7 1 2 ,8 6 6 1 2 ,1 0 9 1 1 ,1 0 0 1 0 ,8 6 2 1 0 ,6 8 5 1 0 ,5 7 7 1 0 ,5 5 9 1 0 ,5 9 4 1 0 ,6 0 8 1 0 ,6 1 7 1 0 ,6 8 9 1 0 ,7 8 8 1 0 ,8 4 4 1 0 ,9 6 1 1 1 ,0 1 8 1 1 ,0 7 3 P r o d u c tio n w o r k e r s ..................................................... 8 ,2 9 4 7 ,3 5 0 7 ,1 5 0 6 ,9 9 2 6 ,9 0 0 6 ,8 9 2 6 ,9 3 1 6 ,9 4 9 6 ,9 6 1 7 ,0 3 5 7 ,1 1 5 7 ,1 6 9 7 ,2 7 8 7 ,3 2 5 7 ,3 8 0 L u m b e r a n d w o o d p r o d u c t s ............................................ 666 603 603 605 608 614 625 631 638 651 662 679 688 700 704 F u r n it u r e a n d f ix t u r e s 464 433 428 426 427 429 430 427 433 440 446 450 459 458 457 638 578 570 565 559 554 557 557 559 565 570 573 577 582 585 830 839 839 849 D u ra b le goods ......................................................... S t o n e , c la y , a n d g la s s p r o d u c ts ............................... P r im a r y m e ta l i n d u s t r i e s ..................................................... 1 ,1 2 2 922 869 840 823 816 817 810 816 820 828 F a b r ic a te d m e ta l p r o d u c t s ................................................. 1 ,5 9 0 1 ,4 3 5 1 ,4 0 2 1 ,3 7 8 1 ,3 6 2 1 ,3 5 9 1 ,3 6 4 1 ,3 6 4 1 ,3 6 2 1 ,3 6 9 1 ,3 7 9 1 ,3 8 4 1 ,3 9 1 1 ,4 1 3 1 ,4 1 4 M a c h in e r y , e x c e p t e l e c t r i c a l ............................................ 2 ,4 9 8 2 ,2 6 7 2 ,1 8 4 2 ,1 2 2 2 ,0 8 8 2 ,0 6 6 2 ,0 4 8 2 ,0 4 2 2 ,0 3 0 2 ,0 3 1 2 ,0 6 4 2 ,0 6 6 2 ,0 9 4 2 ,1 0 4 2 ,1 1 4 E le c tr ic a n d e le c t r o n ic e q u i p m e n t ............................... 2 ,0 9 4 2 ,0 1 6 1 ,9 9 2 1 ,9 7 6 1 ,9 7 5 1 ,9 5 7 1 ,9 7 4 1 ,9 8 1 1 ,9 8 8 1 ,9 9 9 2 ,0 1 0 2 ,0 3 0 2 ,0 4 7 2 ,0 4 2 2 ,0 7 6 T r a n s p o r t a tio n e q u i p m e n t ................................................ 1 ,8 9 8 1 ,7 4 4 1 ,7 2 4 1 ,6 9 1 1 ,6 6 1 1 ,6 9 6 1 ,7 1 0 1 ,7 2 9 1 ,7 2 3 1 ,7 4 3 1 ,7 5 7 1 ,7 6 2 1 ,7 9 4 1 ,8 0 4 1 ,7 9 7 I n s t r u m e n t s a n d re la te d p r o d u c t s ............................... 730 716 710 705 700 695 695 693 691 690 689 687 687 693 694 M is c e lla n e o u s m a n u f a c t u r i n g ........................................ 408 386 380 377 374 373 374 374 377 381 383 383 385 383 383 N o n d u ra b le goods P r o d u c tio n w o r k e r s ..................................................... F o o d a n d k in d r e d p r o d u c ts ............................................ 8 ,0 6 1 7 ,7 5 3 7 ,6 9 3 7 ,6 7 3 7 ,6 4 5 7 ,6 3 4 7 ,6 5 0 7 ,6 3 7 7 ,6 5 0 7 ,6 8 7 7 ,7 0 5 7 ,7 3 8 7 ,7 7 2 7 ,7 6 7 7 ,7 8 1 5 ,7 2 7 5 ,4 4 0 5 ,3 9 2 5 ,3 7 6 5 ,3 5 2 5 ,3 4 9 5 ,3 6 0 5 ,3 5 4 5 ,3 6 2 5 ,4 0 0 5 ,4 1 6 5 ,4 4 6 5 ,4 7 8 5 ,4 7 2 5 ,4 8 6 1 ,6 7 1 1 ,6 3 8 1 ,6 3 3 1 ,6 3 6 1 ,6 3 2 1 ,6 2 6 1 ,6 2 6 1 ,6 2 0 1 ,6 1 9 1 ,6 3 3 1 ,6 3 2 1 ,6 4 3 1 ,6 3 0 1 ,6 3 8 1 ,6 2 4 T o b a c c o m a n u f a c t u r e s ......................................................... 70 68 66 66 63 69 69 67 67 66 66 65 65 62 T e x t ile m i ll p r o d u c t s .............................................................. 823 750 734 733 727 727 726 726 730 733 736 745 746 753 753 1 ,2 4 4 1 ,1 6 4 1 ,1 4 9 1 ,1 4 8 1 ,1 4 1 1 ,1 4 0 1 ,1 5 0 1 ,1 4 8 1 ,1 4 3 1 ,1 4 9 1 ,1 5 3 1 ,1 5 9 1 ,1 8 0 1 ,1 7 5 1 ,1 7 5 A p p a r e l a n d o t h e r t e x t ile p r o d u c ts ........................... P a p e r a n d a llie d p r o d u c t s ................................................ 64 689 662 659 653 654 653 653 652 652 654 656 657 658 660 660 ..................................................... 1 ,2 6 6 1 ,2 6 9 1 ,2 6 6 1 ,2 6 5 1 ,2 6 3 1 ,2 6 3 1 ,2 6 6 1 ,2 6 5 1 ,2 6 9 1 ,2 7 4 1 ,2 7 6 1 ,2 8 1 1 ,2 8 4 1 ,2 8 7 1 ,2 8 9 C h e m ic a ls a n d a llie d p r o d u c t s ....................................... 1 ,1 0 9 1 ,0 7 9 1 ,0 7 0 1 ,0 6 6 1 ,0 6 4 1 ,0 6 1 P r in t in g a n d p u b l is h in g 1 ,0 5 9 1 ,0 5 7 1 ,0 5 6 1 ,0 5 6 1 ,0 5 8 1 ,0 5 8 1 ,0 5 6 1 ,0 5 9 1 ,0 5 7 214 201 202 201 200 199 200 199 199 199 198 198 197 195 194 R u b b e r a n d m is c e lla n e o u s p la s t ic s p r o d u c ts 737 701 696 689 685 685 688 691 699 707 716 721 732 738 739 L e a th e r a n d le a t h e r p r o d u c ts 238 221 218 216 216 213 215 214 216 214 214 213 213 216 216 6 5 ,6 5 9 6 5 ,6 8 9 6 5 ,7 0 5 6 5 ,6 5 1 6 5 ,6 5 4 6 5 ,6 0 4 6 5 ,6 9 9 6 5 ,6 9 7 6 5 ,7 8 4 6 5 ,9 4 2 6 6 ,0 7 4 6 6 ,3 2 6 6 6 ,4 2 8 6 5 ,9 0 3 6 6 ,5 4 1 5 ,1 6 5 5 ,0 8 1 5 ,0 5 4 5 ,0 3 3 5 ,0 1 9 5 ,0 0 8 4 ,9 7 9 4 ,9 6 6 4 ,9 6 3 4 ,9 8 8 4 ,9 9 3 4 ,9 9 2 4 ,9 8 4 4 ,3 4 3 5 ,0 1 5 2 0 ,5 4 7 2 0 ,4 0 1 2 0 ,3 8 0 2 0 ,3 4 4 2 0 ,3 2 0 2 0 ,2 5 6 2 0 ,3 5 5 2 0 ,3 4 3 2 0 ,3 5 0 2 0 ,3 2 9 2 0 ,3 5 6 2 0 ,4 9 4 2 0 ,5 2 9 2 0 ,5 9 1 2 0 ,4 9 4 P e t r o le u m a n d c o a l p r o d u c ts ........................................ ........................................ SER V IC E -P R O D U C IN G T ra n s p o rta tio n and p u b lic u tilitie s W h o le s a le and re ta il tra d e W h o le s a le tra d e 5 ,3 5 8 5 ,2 8 0 5 ,2 5 2 5 ,2 3 7 5 ,2 1 2 5 ,1 9 2 5 ,1 8 5 5 ,1 8 1 5 ,1 7 6 5 ,1 8 0 5 ,1 9 7 5 ,2 2 2 5 ,2 2 9 5 ,2 4 6 5 ,2 5 4 1 5 ,1 8 9 1 5 ,1 2 2 1 5 ,1 2 8 1 5 ,1 0 7 1 5 ,1 0 8 1 5 ,0 6 4 1 5 ,1 7 0 1 5 ,1 6 2 1 5 ,1 7 4 1 5 ,1 4 9 1 5 ,1 5 9 1 5 ,2 7 2 1 5 ,3 0 0 1 5 ,3 4 5 1 5 ,2 4 0 5 ,2 9 8 5 ,3 4 0 5 ,3 5 1 5 ,3 5 0 5 ,3 5 6 5 ,3 6 7 5 ,3 7 4 5 ,3 8 4 5 ,3 9 1 5 .4 2 3 5 ,4 3 5 5 ,4 5 1 5 ,4 6 5 5 ,4 8 8 5 ,4 8 5 S e rv ic e s 1 8 ,6 1 9 1 9 ,0 6 4 1 9 ,1 3 6 1 9 ,1 4 4 1 9 ,1 8 7 1 9 ,2 1 5 1 9 ,2 3 8 1 9 ,2 6 2 1 9 ,3 5 6 1 9 ,4 7 8 1 9 ,5 4 6 1 9 ,6 6 8 1 9 ,7 7 0 1 9 ,8 2 9 1 9 ,8 8 9 G o v e rn m e n t 1 6 ,0 3 1 1 5 ,8 0 3 1 5 ,7 8 4 1 5 ,7 8 0 1 5 ,7 7 2 1 5 ,7 5 8 1 5 ,7 5 3 1 5 ,7 4 2 1 5 ,7 2 4 1 5 ,7 2 4 1 5 ,7 4 4 1 5 ,7 2 1 1 5 ,6 8 0 1 5 ,6 5 2 1 5 ,6 5 8 R e ta il tra d e F in a n c e , in s u ra n c e , and re a l e state F e d e ra l ....................................................................... S ta te a n d l o c a l ............................................ 2 ,7 7 2 2 ,7 3 9 2 ,7 3 5 2 ,7 4 2 2 ,7 4 6 2 ,7 4 7 2 ,7 4 8 2 ,7 4 2 2 ,7 4 2 2 ,7 4 9 2 ,7 5 6 2 ,7 4 2 2 ,7 3 8 2 ,7 3 3 2 ,7 4 1 1 3 ,2 5 9 1 3 ,0 6 4 1 3 ,0 4 9 1 3 ,0 3 8 1 3 ,0 2 6 1 3 ,0 1 1 1 3 ,0 0 5 1 3 ,0 0 0 1 2 ,9 8 2 1 2 ,9 7 5 1 2 ,9 8 8 1 2 ,9 7 9 1 2 ,9 4 2 1 2 ,9 1 9 1 2 ,9 1 7 p = p r e lim in a r y . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 91 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Establishment Data 12. Hours and earnings, by industry division, selected years, 1 9 5 0 -8 2 [ G r o s s a v e r a g e s , p r o d u c t i o n o r n o n s u p e r v i s o r y w o r k e r s o n n o n a g r i c u l t u r a l p a y r o lls ] A verage A verage A verag e A verag e A verag e A verag e A verag e A verag e A verage w e e k ly w e e k ly hourly w ee kly w e e k ly hourly w e e k ly w e e k ly hourly w e e k ly w e e k ly hourly ea rn in g s hours earn in g s earn in g s hours earn in g s earn in g s hours e arn in g s e arn in g s hours e a rn in g s Year A verage P riva te sector A verage M in in g C onstruction A v e ra g e M a n u fa c tu rin g 1950 ............................... $5 3 13 3 9 .8 $ 1 .3 4 $ 6 7 .1 6 3 7 .9 $ 1 .7 7 $ 6 9 .6 8 3 7 .4 $ 1 .8 6 $ 5 8 .3 2 4 0 .5 1955 ............................... 6 7 .7 2 3 9 .6 1 .7 1 8 9 .5 4 4 0 .7 2 .2 0 9 0 .9 0 3 7 .1 2 .4 5 7 5 .3 0 4 0 .7 1 .8 5 2 .6 0 1 1 2 .5 7 3 6 .7 3 .0 7 8 9 .7 2 3 9 .7 2 .2 6 $ 1 .4 4 .......................... 8 0 .6 7 3 8 .6 2 .0 9 1 0 5 .0 4 4 0 .4 1964 ............................... 9 1 .3 3 3 8 .7 2 .3 6 1 1 7 .7 4 4 1 .9 2 .8 1 1 3 2 .0 6 3 7 .2 3 .5 5 1 0 2 .9 7 4 0 .7 2 .5 3 1965 ............................... 9 5 .4 5 3 8 .8 2 .4 6 1 2 3 .5 2 4 2 .3 2 .9 2 1 3 8 .3 8 3 7 .4 3 .7 0 1 0 7 .5 3 4 1 .2 2 .6 1 1966 ............................... 9 8 .8 2 3 8 .6 2 .5 6 1 3 0 .2 4 1 4 6 .2 6 3 7 .6 3 .8 9 1 1 2 .1 9 4 1 .4 2 .7 1 1967 ............................... 1 0 1 .8 4 3 8 .0 2 .6 8 1 3 5 .8 9 4 2 .6 3 .1 9 1 5 4 .9 5 3 7 .7 4 .1 1 1 1 4 .4 9 4 0 .6 1968 ............................... 1 0 7 .7 3 3 7 .8 2 .8 5 1 4 2 .7 1 4 2 .6 3 .3 5 1 6 4 .4 9 3 7 .3 4 .4 1 1 2 2 .5 1 4 0 .7 3 .0 1 1969 ............................... 1 1 4 .6 1 3 7 .7 3 .0 4 1 5 4 .8 0 4 3 .0 3 .6 0 1 8 1 .5 4 3 7 .9 4 .7 9 1 2 9 .5 1 4 0 .6 3 .1 9 1970 3 9 .8 3 .3 5 I9 6 0 1 4 2 .7 3 .0 5 2 .8 2 ............................... 1 1 9 .8 3 3 7 .1 3 .2 3 1 6 4 ,4 0 4 2 .7 3 .8 5 1 9 5 .4 5 3 7 .3 5 .2 4 1 3 3 .3 3 1 9 7 1 ............................... 1 2 7 .3 1 36 9 3 .4 5 1 7 2 .1 4 4 2 .4 4 .0 6 2 1 1 .6 7 3 7 .2 5 .6 9 1 4 2 .4 4 1972 ............................... 1 3 6 .9 0 3 7 .0 3 .7 0 1 8 9 ,1 4 4 2 .6 4 .4 4 2 2 1 .1 9 3 6 .5 6 .0 6 1 5 4 .7 1 4 0 .5 3 .8 2 1973 ............................... 1 4 5 .3 9 3 6 .9 3 .9 4 2 0 1 ,4 0 4 2 .4 4 .7 5 2 3 5 .8 9 3 6 .8 6 .4 1 1 6 6 .4 6 4 0 .7 4 .0 9 3 9 .9 3 .5 7 1974 ............................... 1 5 4 .7 6 3 6 .5 4 .2 4 2 1 9 .1 4 4 1 .9 5 .2 3 2 4 9 .2 5 3 6 .6 6 .8 1 1 7 6 .8 0 4 0 .0 4 .4 2 1975 ............................... 1 6 3 .5 3 3 6 .1 4 .5 3 2 4 9 .3 1 4 1 .9 5 .9 5 2 6 6 .0 8 3 6 .4 7 .3 1 1 9 0 .7 9 3 9 .5 4 .8 3 5 .2 2 1976 ............................... 1 7 5 .4 5 3 6 .1 4 .8 6 2 7 3 .9 0 4 2 .4 6 .4 6 2 8 3 .7 3 3 6 .8 7 .7 1 2 0 9 .3 2 4 0 .1 1977 ............................... 1 8 9 .0 0 3 6 .0 5 .2 5 3 0 1 .2 0 4 3 .4 6 .9 4 2 9 5 .6 5 3 6 .5 8 .1 0 2 2 8 .9 0 4 0 .3 5 .6 8 1978 ............................... 2 0 3 .7 0 3 5 .8 5 .6 9 3 3 2 .8 8 4 3 .4 7 .6 7 3 1 8 .6 9 3 6 .8 8 .6 6 2 4 9 .2 7 4 0 .4 6 .1 7 1979 ............................... 2 1 9 .9 1 3 5 .7 6 .1 6 3 6 5 .0 7 4 3 .0 8 .4 9 3 4 2 .9 9 3 7 .0 9 .2 7 2 6 9 .3 4 4 0 .2 6 .7 0 1980 3 7 .0 9 .9 4 2 8 8 .6 2 3 9 .7 7 .2 7 ............................... 2 3 5 .1 0 3 5 .3 6 .6 6 3 9 7 .0 6 4 3 .3 9 .1 7 3 6 7 .7 8 1 9 8 1 ............................... 2 5 5 .2 0 3 5 .2 7 .2 5 4 3 9 .7 5 4 3 .7 1 0 .0 4 2 9 9 .2 6 3 6 .9 1 0 .8 2 3 1 8 .0 0 3 9 .8 7 .9 9 ............................... 266 92 3 4 .8 7 .6 7 4 5 9 .2 3 4 2 .6 1 0 .7 8 4 2 6 .4 5 3 6 .7 1 1 .6 2 3 3 0 .6 5 3 8 .9 8 .5 0 1982 Tran sportation and p ublic F in a n c e , in su ran ce, and W h o le s a le and re ta il trade u tilitie s 1950 ............................... $ 4 4 .5 5 4 0 .5 $ 1 .1 0 $ 5 0 52 1955 ............................... 5 5 .1 6 3 9 .4 1 .4 0 63 92 37 6 ........................... 6 6 .0 1 3 8 .6 1 .7 1 75 14 37 2 I9 6 0 1 S e rvices re a l esta te 37 7 $1 3 4 ? n? 1964 ............................... $ 1 1 8 .7 8 4 1 .1 $ 2 .8 9 7 4 .6 6 3 7 .9 1 .9 7 8 5 .7 9 3 7 .3 2 .3 0 $ 7 0 .0 3 3 6 .1 $ 1 .9 4 1965 ............................... 1 2 5 .1 4 4 1 .3 3 .0 3 7 6 .9 1 3 7 .7 2 .0 4 8 8 .9 1 3 7 .2 2 .3 9 7 3 .6 0 3 5 .9 2 .0 5 1966 ............................... 1 2 8 .1 3 4 1 .2 3 .1 1 7 9 .3 9 3 7 .1 2 .1 4 9 2 .1 3 3 7 .3 2 .4 7 7 7 .0 4 3 5 .5 2 .1 7 8 0 .3 8 3 5 .1 1967 ............................... 1 3 0 .8 2 4 0 .5 3 .2 3 8 2 .3 5 3 6 .6 2 .2 5 9 5 .7 2 3 7 .1 2 .5 8 1968 ............................... 1 3 8 .8 5 4 0 .6 3 .4 2 8 7 .0 0 3 6 .1 2 .4 1 1 0 1 .7 5 3 7 .0 2 .7 5 83 97 3 4 .7 2 .4 2 1969 ............................... 1 4 7 .7 4 4 0 .7 3 .6 3 9 1 .3 9 3 5 .7 2 .5 6 1 0 8 .7 0 3 7 .1 2 .9 3 9 0 .5 7 3 4 .7 2 .6 1 1970 ............................... 1 5 5 .9 3 4 0 .5 3 .8 5 9 6 .0 2 3 5 .3 2 .7 2 1 1 2 .6 7 3 6 .7 3 .0 7 9 6 .6 6 3 4 .4 2 81 1 9 7 1 ............................... 2 .2 9 1 6 8 .8 2 4 0 .1 4 .2 1 1 0 1 .0 9 3 5 .1 2 .8 8 1 1 7 .8 5 3 6 .6 3 .2 2 1 0 3 .0 6 33 9 1972 ............................... 3 .0 4 1 8 7 .8 6 4 0 .4 4 .6 5 1 0 6 .4 5 3 4 .9 3 .0 5 1 2 2 .9 8 3 6 .6 3 .3 6 1 1 0 .8 5 1973 ............................... 3 3 .9 3 .2 7 2 0 3 .3 1 4 0 .5 5 .0 2 1 1 1 .7 6 3 4 .6 3 .2 3 1 2 9 .2 0 3 6 .6 3 .5 3 1 1 7 .2 9 33 8 3 47 3 3 .6 3 75 1974 ............................... 2 1 7 .4 8 4 0 .2 5 .4 1 1 1 9 .0 2 3 4 .2 3 .4 8 1 3 7 .6 1 3 6 .5 3 .7 7 1 2 6 .0 0 1975 ............................... 2 3 3 .4 4 3 9 .7 5 .8 8 1 2 6 .4 5 3 3 .9 3 .7 3 1 4 8 .1 9 3 6 .5 4 .0 6 1 3 4 .6 7 3 3 .5 4 02 1976 ............................... 2 5 6 .7 1 3 9 .8 6 .4 5 1 3 3 .7 9 3 3 .7 3 .9 7 1 5 5 .4 3 3 6 .4 4 .2 7 1 4 3 .5 2 33 3 4 31 1977 ............................... 2 7 8 .9 0 39 9 6 .9 9 1 4 2 .5 2 3 3 .3 4 .2 8 1 6 5 .2 6 3 6 .4 4 .5 4 1978 ............................... 3 3 .0 3 0 2 .8 0 4 65 4 0 .0 7 .5 7 1 5 3 .6 4 3 2 .9 4 .6 7 1 7 8 .0 0 3 6 .4 4 .8 9 1 6 3 .6 7 1979 ............................... 32 8 4 99 3 2 5 .5 8 39 9 8 .1 6 1 6 4 .9 6 3 2 .6 5 .0 6 1 9 0 .7 7 3 6 .2 5 .2 7 1980 ............................... 1 7 5 .2 7 3 5 1 .2 5 3 2 .7 5 36 3 9 .6 8 .8 7 1 7 6 .4 6 3 2 .2 5 .4 8 2 0 9 .6 0 3 6 .2 5 .7 9 1 9 0 .7 1 3 2 .6 5 .8 5 1 5 3 .4 5 1 9 8 1 ............................... 3 8 2 .1 8 3 9 .4 9 .7 0 1 9 0 .6 2 3 2 .2 5 .9 2 2 2 9 .0 5 3 6 .3 6 .3 1 1982 2 0 8 .9 7 32 6 4 0 1 .7 0 3 9 .0 6 41 1 0 .3 0 1 9 8 .1 0 3 1 .9 6 .2 1 2 4 5 .4 4 3 6 .2 6 .7 8 224 94 3 2 .6 6 .9 0 ............................... ' D a t a in c lu d e A la s k a a n d H a w a ii b e g in n in g in 1 9 5 9 . 92 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13. W eekly hours, by industry division and m ajor m anufacturing group, seasonally adjusted [ G r o s s a v e r a g e s , p r o d u c t i o n o r n o n s u p e r v i s o r y w o r k e r s o n p r iv a t e n o n a g r i c u l t u r a l p a y r o lls ] 198 2 A nnual a verag e 1983 Industry d iv is io n a nd group 1981 PRIVATE SECTOR M A N U FA C TU R IN G O v e r tim e h o u r s ............................................................. D u ra b le goods ....................................................................... Oct. Nov. Dec. Jan. Feb. M a r. Apr. May June A ug.P S e pt.P 3 5 .0 3 5 .0 3 5 .2 4 0 .1 4 0 .2 4 0 .3 4 0 .7 2 .9 3 .0 3 .1 3 .3 4 0 .6 4 0 .8 4 0 .8 4 1 .3 1982 Sept. 3 5 .2 3 4 .8 3 4 .8 3 4 .7 3 4 .7 3 4 .8 3 5 .1 3 4 .5 3 4 .8 3 4 .9 3 5 .1 3 5 .1 3 9 .8 3 8 .9 3 8 .8 38 9 3 9 .0 3 9 .0 3 9 .7 3 9 .2 3 9 .5 4 0 .1 4 0 .0 2 .8 2 .3 2 .3 2 .3 2 .3 2 .3 2 .4 2 .4 2 .6 2 .9 2 .7 4 0 .2 3 9 .3 3 9 .1 3 9 .2 3 9 .3 3 9 .3 4 0 .1 3 9 .7 3 9 .9 4 0 .5 40 4 July O v e r tim e h o u r s ............................................................. 2 .8 2 .2 2 .1 2 .1 2 .1 2 .2 2 .2 2 .3 2 .5 2 .8 2 .6 2 .8 3 .0 3 .1 3 .4 L u m b e r a n d w o o d p r o d u c t s ............................................ 3 8 .7 3 8 .0 3 8 .4 3 8 .1 3 8 .7 3 8 .8 4 0 .5 3 9 .5 3 9 .5 4 0 .0 3 9 .8 4 0 .0 3 9 .9 4 0 .1 4 0 .3 F u r n it u r e a n d f ix tu r e s 3 8 .4 3 7 .2 3 7 .5 3 7 .5 3 7 .6 3 7 .8 3 8 .3 3 8 .6 3 7 .9 3 9 .3 3 9 .2 3 9 .6 3 9 .7 3 9 .5 3 9 .8 ............................... 4 0 .6 4 0 .0 4 0 .2 4 0 .2 4 0 .2 4 0 .1 4 1 .4 4 0 .5 4 0 .6 4 1 .0 4 1 .2 4 1 .6 4 1 .7 4 1 .7 4 2 .0 P r im a r y m e ta l i n d u s t r i e s ..................................................... ......................................................... 4 0 .5 3 8 .6 3 7 .8 3 8 .2 38 3 3 8 .8 3 8 .9 3 9 .1 3 9 .4 3 9 .9 4 0 .3 4 0 .3 4 0 .8 4 1 .0 4 1 .1 F a b r ic a te d m e ta l p r o d u c t s ................................................ 4 0 .3 3 9 .2 3 8 .9 3 9 .0 3 9 .2 3 9 .2 3 9 .9 3 9 .6 3 9 .7 4 0 .5 4 0 .4 4 0 .5 4 0 .7 4 0 .8 4 1 .5 4 0 .4 S to n e , c la y , a n d g la s s p r o d u c ts 4 0 .9 3 9 .7 3 9 .2 3 9 .3 3 9 .3 3 9 .3 39 6 3 9 .4 3 9 .7 4 0 .2 4 0 .0 4 0 .7 4 0 .7 4 0 .9 E le c tr ic a n d e le c t r o n ic e q u i p m e n t ............................... 4 0 .0 3 9 .3 3 9 .0 3 9 .2 3 9 .3 3 9 .4 3 9 .9 3 9 .5 3 9 .8 4 0 .4 4 0 .3 4 0 .5 4 0 .8 4 0 .7 4 1 .0 T r a n s p o r t a tio n e q u i p m e n t ................................................ 4 0 .9 4 0 .5 4 0 .1 4 0 .4 4 0 .9 4 0 .1 4 1 .6 4 1 .2 4 1 .7 4 2 .3 4 1 .6 4 1 .9 4 2 .0 4 1 .9 4 3 .4 I n s t r u m e n t s a n d r e la te d p r o d u c t s ............................... 4 0 .4 39 8 39 9 3 9 .6 3 9 .4 3 9 .7 4 0 ,4 3 9 .7 4 0 .0 4 0 .5 4 0 .4 4 0 .1 4 0 .7 4 0 .2 4 0 .4 3 9 .1 3 8 .4 38 6 3 8 .5 3 8 .6 3 8 .6 3 9 .1 3 8 .5 3 9 .0 3 9 .5 3 9 .4 3 9 .6 3 9 .5 3 9 .5 3 9 .9 2 .8 2 .5 2 .6 2 .6 2 .5 2 .5 2 .6 2 .6 2 .7 3 .0 2 .9 3 .0 3 .0 3 .1 3 .2 M a c h in e r y , e x c e p t e l e c t r i c a l ............................................ N o n d u ra b le goods O v e r tim e h o u r s ............................................................. ............................................ 3 9 .7 3 9 .4 3 9 .4 3 9 .5 3 9 .4 3 9 .1 3 9 .3 3 9 .0 3 9 .2 3 9 .6 3 9 .4 3 9 .8 3 9 .4 3 9 .6 3 9 .8 T e x t ile m i ll p r o d u c t s ............................................................. F o o d a n d k in d r e d p r o d u c t s 3 9 .6 3 7 .5 3 8 .1 3 8 .3 3 8 .8 3 8 .9 3 9 .7 3 9 .0 3 9 .6 4 0 .6 4 0 .4 4 0 .7 4 0 .7 4 1 .0 4 1 .4 A p p a r e l a n d o t h e r te x t ile p r o d u c ts .......................... 3 5 .7 3 4 .7 3 5 .1 3 5 .1 3 5 .0 3 5 .1 3 6 .6 3 5 .2 35 6 3 6 .2 3 6 .1 3 6 .1 3 5 .8 3 6 .2 3 6 .7 P a p e r a n d a llie d p r o d u c t s ................................................ 4 2 .5 4 1 .8 4 1 ,6 4 1 .7 4 1 .7 4 1 .7 4 1 .8 4 1 .4 4 2 .1 4 2 .4 4 2 .7 4 2 .8 4 2 .9 4 2 .8 4 3 .1 3 7 .7 ..................................................... 3 7 .3 3 7 .1 3 7 .0 3 7 .1 3 7 .1 3 7 .1 3 7 .5 3 7 .1 3 7 .4 3 7 .7 3 7 .4 3 7 .6 3 7 .7 3 7 .5 C h e m ic a ls a n d a llie d p r o d u c t s ........................................ 4 1 .6 4 0 .9 4 1 .0 4 0 .8 4 0 .7 4 0 .9 4 1 .0 4 1 .0 4 1 .2 4 1 .5 4 1 .6 4 1 .9 4 1 .8 4 1 .6 P e t r o le u m a n d c o a l p r o d u c ts P r in t in g a n d p u b lis h in g ....................................... 4 3 .2 4 3 .9 4 4 .2 4 3 .8 4 4 .1 4 4 .4 4 4 .5 4 4 .4 4 4 .9 4 3 .5 4 3 .6 4 3 .8 4 3 .7 4 3 .4 4 3 .0 L e a th e r a n d le a th e r p r o d u c ts ....................................... 3 6 .7 3 5 .6 3 5 .7 3 5 .4 3 5 .8 3 5 .8 3 6 .3 3 4 .9 36 0 3 7 .0 3 6 .8 3 6 .8 3 7 .4 3 7 .4 3 8 .1 T R A N S P O R TA TIO N AN D PU B LIC U T ILIT IE S 3 9 .4 3 9 .0 3 8 .8 3 8 .8 38 9 38 9 3 8 .6 3 8 .6 3 8 .8 3 8 .8 3 8 .9 3 8 .9 3 8 .9 3 9 .0 3 9 .2 W HO LE SALE AN D RETAIL TRA DE 3 2 .2 3 1 .9 3 1 .9 3 1 .9 3 1 .8 3 2 .1 3 1 .9 3 1 .4 3 1 .7 3 1 .7 3 1 .9 3 2 .0 3 1 .9 3 1 .8 3 1 .8 W HO LE SALE TRADE 3 8 .5 3 8 .4 3 8 .4 38 4 3 8 .4 3 8 .4 3 8 .5 3 8 .2 3 8 .4 3 8 .5 3 8 .6 3 8 .7 3 8 .6 3 8 .5 3 8 .7 RETAIL TRADE 3 0 .1 2 9 .9 29 9 2 9 .9 2 9 .8 3 0 .1 2 9 .9 2 9 .3 2 9 .7 2 9 .6 2 9 .9 2 9 .9 2 9 .8 2 9 .7 2 9 .6 SER VIC ES 3 2 .6 3 2 .6 32 8 3 2 .6 3 2 .6 3 2 .6 3 2 .9 3 2 .5 3 2 .7 3 2 .7 3 2 .9 3 2 .7 3 2 .6 3 2 .7 3 2 .9 4 1 .6 p - p r e lim in a r y . T h is is b e c a u s e th e s e a s o n a l c o m p o n e n t in t h e s e is s m a ll r e la t iv e t o t h e t r e n d - c y c le , o r ir r e g u la r c o m - N O T E : M i s c e lla n e o u s m a n u fa c t u r in g (a m a jo r m a n u fa c t u r in g g r o u p , d u r a b le g o o d s ) a n d r u b b e r a n d p o n e n t s , o r b o t h , a n d c o n s e q u e n t ly c a n n o t b e p r e c is e ly s e p a r a te d , m is c e lla n e o u s p la s t ic s p r o d u c t s (a m a jo r m a n u fa c t u r in g g r o u p , n o n d u r a b le g o o d s ) a re n o lo n g e r s h o w n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 93 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Establishment Data 14. H ourly earnings, by industry division and m ajor m anufacturing group [Gross averages, production or nonsupervisory workers on private nonagricultural payrolls] Annu al a verag e 198 2 1983 1981 1 982 Sept. Oct. Nov. D ec. Jan. Feb. M a r. Apr May June July Aug. F S e p t.F $ 7 .2 5 $ 7 .6 7 $ 7 .7 6 $ 7 .7 9 $ 7 .8 1 $ 7 .8 2 $ 7 .9 0 $ 7 .9 2 $ 7 .9 0 $ 7 .9 4 $ 7 .9 7 $ 7 .9 7 $ 8 .0 0 $ 7 .9 4 $ 8 .1 1 ( 1) <1 ) 7 .7 3 7 .7 6 7 .7 8 7 .8 2 7 .8 8 7 .9 1 7 .9 1 7 .9 5 7 .9 7 8 .0 0 8 .0 3 7 .9 8 8 .0 8 M IN IN G 1 0 .0 4 1 0 .7 8 1 0 .9 9 1 0 .9 6 1 1 .0 1 1 1 .0 3 1 1 .2 1 1 1 .2 5 1 1 .1 9 1 1 .2 8 1 1 .2 0 1 1 .2 5 1 1 .2 9 1 1 .2 5 1 1 .3 4 C O N STR U C TIO N 1 0 .8 2 1 1 .6 2 1 1 .7 4 1 1 .8 8 1 1 .7 2 1 1 .9 6 1 1 .9 5 1 2 .0 0 1 1 .9 5 1 1 .9 0 1 1 .8 0 1 1 .7 4 1 1 .7 8 1 1 .8 4 1 1 .9 8 7 .9 9 8 .5 0 8 .5 9 8 .5 6 8 .6 1 8 .6 8 8 .7 1 8 .7 5 8 .7 4 8 .7 7 8 .7 8 8 .8 1 8 .8 6 8 .7 9 8 .9 1 8 .5 4 9 .0 6 9 .1 7 9 .1 3 9 .1 7 9 24 9 :2 6 9 .3 1 9 .2 9 9 .3 1 9 .3 4 9 .3 7 9 40 9 34 9 49 PRIVATE SECTOR S e a s o n a lly a d j u s t e d .................................................... M A N U FA C TU R IN G D u ra b le goods L u m b e r a n d w o o d p r o d u c t s ............................... 6 .9 9 7 .4 6 7 .6 5 7 .5 7 7 .5 9 7 .5 5 7 .6 8 7 .7 2 ' 7 .6 8 7 .7 4 7 .8 5 7 .8 2 7 .8 3 7 .8 5 F u r n it u r e a n d f i x t u r e s ................................................ 5 .9 1 6 .3 1 6 .4 0 6 .4 0 6 .4 3 6 46 6 .4 9 6 .5 0 6 .5 1 6 .5 1 6 .5 2 6 .6 0 6 65 6 .6 7 6 .7 2 S to n e , c la y , a n d g la s s p r o d u c t s ...................... 8 27 8 .8 6 9 .0 3 9 .0 3 9 .0 4 9 .0 8 9 .1 0 9 .1 0 9 .1 3 9 .1 6 9 20 9 .2 8 9 .3 4 9 .3 0 9 39 P r im a r y m e ta l i n d u s t r i e s ....................................... 1 0 .8 1 1 1 .3 3 1 1 .5 4 1 1 .4 1 1 1 .4 9 1 1 .4 9 1 1 .5 6 1 1 .5 3 1 1 .2 4 1 1 .2 5 1 1 .2 8 1 1 .2 3 1 1 .3 7 1 1 .2 8 1 1 .3 9 F a b r ic a te d m e ta l p r o d u c t s ................................... 8 .1 9 8 .7 8 8 .9 0 8 .8 5 8 90 8 .9 6 8 .9 8 9 .0 4 9 .0 5 9 07 9 08 9 .1 1 9 .1 0 9 .1 0 9 .2 2 M a c h in e r y , e x c e p t e l e c t r i c a l ............................... 8 .8 1 9 .2 9 9 .4 1 9 .3 6 9 .3 8 9 43 9 .4 0 9 .4 4 9 .4 6 9 .4 8 9 .5 9 9 .6 3 E le c tr ic a n d e le c t r o n ic e q u i p m e n t .................. 7 .7 8 9 .6 5 9 .6 1 9 .7 3 7 .6 2 8 .2 1 8 .3 7 8 .4 1 8 .4 5 8 .5 1 8 .5 3 8 .5 6 8 .6 0 8 .6 0 8 .6 0 8 .6 3 8 69 8 .6 4 8 .7 7 ................................... 1 0 .3 9 1 1 .1 2 1 1 .2 4 1 1 .2 9 1 1 .3 4 1 1 .4 3 1 1 .4 0 1 1 .4 9 1 1 .4 9 1 1 .5 3 1 1 .5 2 1 1 .6 3 1 1 .6 2 1 1 .5 3 1 1 .8 1 I n s t r u m e n t s a n d r e la te d p r o d u c t s .................. 7 .4 2 8 .1 0 8 .2 4 8 .2 6 8 31 8 .3 8 8 .4 2 8 .4 8 8 .4 7 8 .4 6 8 .4 8 8 .4 8 8 .5 7 8 .5 0 8 .6 1 M i s c e lla n e o u s m a n u fa c t u r in g 5 .9 7 6 .4 3 6 .5 0 6 .5 0 6 .5 6 6 .6 7 6 .7 2 6 .7 3 6 .7 5 6 .7 6 6 .8 2 6 .8 1 6 .8 2 6 .8 0 6 .8 3 7 .1 8 7 .7 3 7 .8 4 7 .8 0 788 7 .9 5 7 .9 7 7 .9 9 8 .0 0 8 .0 3 8 .0 3 8 .0 4 8 .1 1 8 .0 5 8 .1 1 T r a n s p o r t a tio n e q u ip m e n t .......................... N o n d u ra b le goods ............................... 7 .4 4 7 .8 9 7 .9 1 7 .8 8 8 00 8 .0 6 8 .0 9 8 .1 1 8 .1 6 8 .2 0 8 .1 8 8 .1 7 8 .1 7 8 .1 3 8 13 T o b a c c o m a n u f a c t u r e s ............................................ F o o d a n d k in d r e d p r o d u c ts 8 .8 8 9 .7 8 9 .5 5 9 50 1 0 .1 6 9 .6 3 9 .8 7 9 96 1 0 .4 3 1 0 .6 1 1 0 .7 4 1 0 .9 1 1 0 .8 4 1 0 .2 3 9 .9 2 T e x t ile m ill p r o d u c t s ........................... 5 .5 2 5 .8 3 5 86 5 .8 8 5 .9 2 6 .0 4 6 .0 8 6 .1 0 6 .1 1 6 .1 4 6 .1 4 6 .1 6 6 .1 7 6 .1 9 6 .2 3 A p p a r e l a n d o t h e r te x t ile p r o d u c t s .................. 4 .9 7 5 .2 0 5 .2 3 5 .2 1 5 .2 4 5 .2 8 5 .3 3 5 33 5 .3 3 5 .3 5 5 .3 3 5 .3 6 P a p e r a n d a llie d p r o d u c ts 5 .3 5 5 .3 6 5 42 8 .6 0 9 .3 2 9 .6 3 9 .5 3 9 ,6 0 9 .6 5 9 65 9 65 9 .6 7 9 .7 2 9 .8 1 9 .9 1 1 0 .0 6 1 0 .0 1 10 09 .................. P r in t in g a n d p u b l i s h i n g ........................................ 8 .1 9 8 .7 5 8 .9 1 8 .8 9 8 .9 2 9 .0 0 8 .9 7 8 .9 9 9 .0 3 9 .0 3 9 .0 5 9 .0 6 9 .1 0 9 16 C h e m ic a ls a n d a llie d p r o d u c t s .................. 9 25 9 .1 2 9 .9 6 1 0 .1 9 1 0 .2 2 1 0 .2 6 1 0 .3 2 1 0 .3 4 1 0 .4 1 1 0 .3 9 1 0 .4 3 1 0 .5 0 1 0 .5 2 1 0 .5 8 1 0 .6 0 10 73 1 1 .3 8 1 2 .4 6 1 2 .6 1 1 2 .5 7 1 2 .6 8 1 2 .7 1 1 3 .1 6 1 3 .2 5 1 3 .2 8 1 3 .2 7 1 3 .1 7 1 3 .1 7 1 3 .2 0 1 3 .1 5 1 3 .3 0 7 .1 7 7 .6 5 7 .7 8 7 .7 4 7 .8 1 7 .9 1 7 .9 1 7 .9 1 7 .9 2 7 95 7 .9 7 7 96 8 .0 6 8 .0 3 8 08 4 .9 9 5 .3 2 5 .4 1 5 .3 9 5 .4 1 5 .4 4 5 .5 0 5 .5 0 5 .5 2 5 .5 2 5 .5 1 5 49 5 52 5 50 5 .5 7 TR A N S P O R TA TIO N AND PUB LIC U TILIT IE S 9 .7 0 1 0 .3 0 1 0 .4 6 1 0 .4 8 1 0 .5 9 1 0 .6 2 1 0 .6 9 1 0 .7 2 1 0 .6 8 1 0 .7 2 1 0 .7 4 1 0 .7 3 1 0 .8 6 1 0 .7 0 1 0 .9 9 W HO LE SALE AN D RETAIL TRA DE 5 .9 2 6 .2 1 6 .2 4 5 6 .2 7 6 .3 0 6 .2 7 6 .4 2 6 .4 5 6 .4 3 6 .4 5 6 .4 6 6 .4 6 6 .4 8 6 .4 6 6 .5 4 W H O LE SA LE TRADE 7 .5 6 8 02 8 .1 0 8 .1 3 8 .1 4 8 .2 0 8 .3 1 8 .2 8 8 .2 7 3 .3 4 8 .3 6 8 .3 5 8 .4 2 8 .4 0 8 .4 7 P e t r o le u m a n d c o a l p r o d u c ts .......................... R u b b e r a n d m i s c e lla n e o u s p la s t ic s p r o d u c t s ................................................ L e a th e r a n d le a th e r p r o d u c ts . . . RETAIL TRA DE 5 .2 5 5 .4 7 5 .5 0 5 .5 3 5 .5 6 5 .5 4 5 .6 5 5 .6 9 5 .6 8 5 .6 9 5 .7 1 5 .7 1 5 72 5 .7 0 5 .7 7 FIN A N C E, IN S U R A N C E , AN D REAL ESTATE 6 .3 1 6 .7 8 6 .9 0 6 .9 7 7 .0 0 7 .0 1 7 .1 9 7 .2 2 7 .1 9 7 .2 3 7 .3 1 7 .2 6 7 .3 0 7 23 7 32 SER VIC ES 6 .4 1 6 .9 0 6 99 7 .0 4 7 .0 8 7 .1 2 7 .1 8 7 .1 9 7 .1 7 7 .2 0 7 .2 3 7 .2 0 7 .1 8 7 .1 8 7 .2 9 p_ 1 N o t a v a ila b le . 15. p r e lim in a r y . H ourly Earnings Index, for production w orkers on private nonagricultural payrolls, by industry [1 9 7 7 = 1 0 0 ] Not e a s o n a lly adj usted S e a s o n a lly ad ju sted P ercent P e rc e n t change Industry change Sept. July Aug. Sept. from : Sept. M ay June July 198 2 A ug. 198 3 S ept. from : 1983P 1983P S ep t. 1 9 8 2 1982 1983 1983 1983 1983P 1 9 83P A ug. 1 9 8 3 to to Sept. 1 9 8 3 P R IVA T E SECTOR (in current d o llars) S e pt. 1 9 8 3 1 5 0 .3 1 5 5 .0 1 5 4 .6 1 5 6 .2 3 .9 1 6 2 .8 1 6 7 .6 1 6 7 .1 1 6 8 .3 3 .4 C o n s t r u c t i o n ............................................ (1) 1 4 4 .2 1 4 4 .9 1 4 6 .4 2 .3 ( 1) 1 4 1 .6 ( 1) 1 4 3 ,1 1 4 4 .5 1 4 4 .6 M a n u f a c t u r i n g ...................... 1 4 4 .0 1 4 4 .2 1 5 4 .8 1 5 8 .2 1 5 7 .5 1 5 8 .7 2 .6 1 5 4 .6 1 5 7 .7 1 5 7 .8 158 2 158 0 156 1 M in in g ............................... T r a n s p o r t a tio n a n d p u b lic u t ilitie s W h o le s a le a n d r e ta il tr a d e . , F in a n c e , in s u r a n c e , a n d re a l e s ta te S e r v i c e s ............................... PR IVA TE SECTOR (in constant d o lla rs ) . . . 1 5 4 .8 155 2 (1 ) 1 5 5 .0 rh 1 5 5 .9 (1 t 1 5 7 .2 1 5 6 .2 1 5 9 .4 5 .5 1 5 0 .1 1 5 6 .6 1 5 6 .8 157 9 1 5 2 .1 1 5 1 .8 1 5 3 .0 4 .5 1 4 6 .2 1 5 1 .2 1 5 1 .6 1 5 2 .2 1 5 9 .1 1 5 7 .9 1 5 9 .7 6 .1 ( 1) 1 4 9 .6 1 5 4 .6 1 5 4 .6 1 5 6 .5 4 .6 1 4 9 .8 (1 ) 1 5 4 .9 (1) 1 5 5 .5 ( 1) 155 6 152 0 (1 \ 152 Q 1 5 0 .6 1 5 5 .9 1 5 6 .6 9 3 .2 9 4 .3 9 3 .7 <2 > <2 ) 9 3 .1 9 4 .7 9 4 .8 94 7 9 4 .0 <2 ) 2 N o t a v a ila b le , p = p r e lim in a r y . 0 .6 n(h 144 8 1 5 1 .0 c y c le , ir r e g u la r c o m p o n e n ts , o r b o t h , a n d c o n s e q u e n t ly c a n n o t b e s e p a r a te d w ith s u ff ic ie n t p r e c is io n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 5 4 .6 1 4 6 .3 1T h ls s e r ie s Is n o t s e a s o n a lly a d ju s t e d b e c a u s e th e s e a s o n a l c o m p o n e n t Is s m a ll r e la tiv e t o th e t r e n d - 94 1 5 0 .0 ii i /V i .5 <2 ) 16. W eekly earnings, by industry division and m ajor m anufacturing group [ G r o s s a v e r a g e s , p r o d u c t i o n o r n o n s u p e r v i s o r y w o r k e r s o n p r iv a t e n o n a g r i c u l t u r a l p a y r o lls ] Annual averag e 198 2 1983 Industry d iv is io n and group 1981 198 2 Sept. Oct. Nov. D ec. Jan . Feb. M a r. Apr. May June July A ug.P S e pt.P C u r r e n t d o l l a r s ........................................................................... S 2 5 5 .2 0 $ 2 6 6 .9 2 $ 2 7 0 .0 5 $ 2 7 0 .3 1 $ 2 7 1 .0 1 $ 2 7 3 .7 0 $ 2 7 3 .3 4 $ 2 7 0 .8 6 $ 2 7 4 .1 3 $ 2 7 5 .5 2 $ 2 7 8 .1 5 $ 2 8 0 .5 4 $ 2 8 3 .2 0 $ 2 8 1 .0 8 $ 2 8 6 .2 8 S e a s o n a lly a d j u s t e d ......................................................... ( 1) 1 7 0 .1 3 ( 1) 1 6 7 .8 7 2 6 9 .0 0 2 6 9 .2 7 2 6 9 .9 7 2 7 2 .1 4 2 7 6 .5 9 272 90 2 7 5 .2 7 2 7 7 .4 6 2 7 9 75 2 8 0 .8 0 2 8 1 .0 5 2 7 9 .3 0 2 8 4 .4 2 1 6 7 .4 2 1 6 7 .0 6 1 6 7 .8 1 1 7 0 .1 1 1 6 9 .8 8 1 6 8 .2 4 1 6 9 .8 5 1 6 9 .5 5 1 7 0 .3 3 1 7 1 .3 7 1 7 2 .3 7 1 7 0 .3 5 (1) M IN IN G 4 3 8 .7 5 4 5 9 .2 3 4 6 1 .5 8 4 5 9 .2 2 4 5 8 .0 2 4 6 5 .4 7 4 7 6 .4 3 4 6 4 .6 3 4 6 7 .7 4 4 6 9 .2 5 4 7 2 .6 4 4 7 8 .1 3 4 7 5 .3 1 4 8 0 .3 8 4 8 6 .4 9 C O N STR U C TIO N 39 9 26 4 2 6 .4 5 4 3 3 .2 1 4 4 0 .7 5 4 2 3 .0 9 4 4 0 .1 3 4 4 0 .9 6 4 2 4 .8 0 4 3 4 .9 8 4 3 6 .7 3 4 4 1 .3 2 4 4 4 .9 5 4 5 0 .0 0 4 4 9 .9 2 4 5 6 .4 4 3 6 2 .6 4 PR IVA TE SECTOR C o n s t a n t ( 1 9 7 7 ) d o l l a r s .................................................... M A N U FA C TU R IN G C u r r e n t d o l l a r s .......................................................................... 3 1 8 .0 0 3 3 0 .6 5 3 3 4 .1 5 3 3 3 .8 4 3 3 8 .3 7 3 4 4 .6 0 3 4 1 .4 3 C o n s t a n t ( 1 9 7 7 ) d o l l a r s .................................................... 2 1 2 .0 0 2 0 7 .9 6 2 0 7 .1 6 2 0 6 .3 3 2 0 9 .5 2 2 1 4 .1 7 2 1 2 .2 0 3 4 3 .3 1 3 5 6 .0 6 3 5 7 .6 3 3 5 7 .9 0 3 6 3 .1 3 3 7 1 .4 5 3 6 7 62 D u ra b le goods ' 3 3 9 .5 0 3 4 6 .1 0 3 4 9 .0 5 3 5 0 .3 2 3 5 5 .0 4 3 5 4 .4 0 3 5 3 .3 6 2 1 0 .8 7 2 1 4 .4 4 2 1 4 .8 0 2 1 4 .5 3 2 1 6 .8 8 2 1 5 .7 0 2 1 4 .1 6 ( 1) 3 6 6 .8 1 3 7 2 .5 3 3 7 5 .1 9 3 7 7 .3 4 3 8 2 .3 0 3 7 9 .7 6 3 7 9 .2 0 3 9 0 .9 9 L u m b e r a n d w o o d p r o d u c t s ............................................ 2 7 0 .5 1 2 8 3 .4 8 2 9 6 .0 6 2 8 9 .9 3 2 9 2 .9 7 3 1 2 .7 6 3 2 0 .2 8 F u r n it u r e a n d f ix t u r e s 2 2 6 .9 4 2 3 4 .7 3 2 4 1 .2 8 2 4 3 .2 0 2 4 4 .3 4 2 5 0 .0 0 2 4 3 .3 8 2 4 3 .1 0 2 5 1 .2 9 2 5 3 .8 9 2 5 4 .2 8 2 6 3 .3 4 2 5 8 .6 9 2 6 6 .1 3 2 6 8 .8 0 ............................... 3 3 5 .7 6 3 5 4 .4 0 3 6 5 .7 2 3 6 6 .6 2 3 6 6 .1 2 3 6 6 .8 3 3 6 4 .9 1 3 5 8 .5 4 3 6 8 .8 5 3 7 4 .6 4 3 8 0 .8 8 3 9 0 .6 9 3 9 1 .3 5 3 9 1 .5 3 3 9 7 .2 0 4 7 0 .4 1 ......................................................... S t o n e , c la y , a n d g la s s p r o d u c ts 2 9 3 .7 0 3 0 0 .2 9 2 9 9 .5 4 3 0 2 .5 9 3 0 8 .0 5 3 1 3 .5 8 3 1 8 .6 8 3 1 7 .9 3 P r im a r y m e ta l i n d u s t r i e s ..................................................... 4 3 7 .8 1 4 3 7 .3 4 4 3 8 .5 2 4 3 1 .3 0 4 4 0 .0 7 4 5 0 .4 1 4 5 0 .8 4 4 5 0 .8 2 4 5 6 .2 3 4 5 1 .1 3 4 5 2 .3 3 4 5 4 .8 2 4 6 0 .4 9 4 5 9 .1 0 F a b r ic a te d m e ta l p r o d u c t s ................................................ 3 3 0 .0 6 3 4 4 .1 8 3 4 5 .3 2 3 4 6 .0 4 3 5 0 .6 6 3 5 9 .3 0 3 5 4 .7 1 3 5 4 .3 7 3 6 1 .1 0 3 6 4 .6 1 3 6 6 .8 3 3 7 1 .6 9 3 6 5 .8 2 3 7 0 .3 7 3 8 0 79 M a c h in e r y e x c e p t e le c t r ic a l 3 6 0 .3 3 3 6 8 .8 1 367 93 3 6 5 .9 8 3 7 1 .4 5 3 8 0 .9 7 3 7 2 .2 4 3 7 1 .9 4 3 7 7 .4 0 3 7 9 .2 0 3 8 2 .6 4 3 8 8 .0 9 3 8 6 .9 7 3 8 7 .2 8 3 9 6 .9 8 ............................................ E le c tr ic a n d e le c t r o n ic e q u i p m e n t ............................... 3 0 4 .8 0 3 2 2 .6 5 3 2 5 .5 9 3 2 9 .6 7 3 3 4 .6 2 3 4 2 .9 5 3 3 8 .6 4 3 3 6 .4 1 3 5 0 .2 1 3 4 9 .9 2 3 5 8 .6 9 T r a n s p o r t a tio n e q u i p m e n t ................................................ 4 2 4 .9 5 4 5 0 .3 6 4 4 3 .9 8 4 5 7 .2 5 4 6 7 .2 1 4 7 4 .3 5 4 6 8 .5 4 4 6 9 .9 4 4 8 0 .2 8 4 8 4 .2 6 4 8 2 .6 9 4 9 1 .9 5 4 8 4 .5 5 4 7 6 .1 9 5 0 4 .2 9 I n s t r u m e n t s a n d r e la te d p r o d u c t s ............................... 2 9 9 .7 7 3 2 2 .3 8 3 2 8 .7 8 3 2 7 .1 0 3 3 1 .5 7 3 3 8 .5 5 3 3 7 .6 4 3 3 5 .8 1 3 4 0 .4 9 3 3 9 .2 5 3 4 1 .7 4 3 4 0 .9 0 3 4 4 .5 1 3 4 0 .8 5 3 4 7 .8 4 2 6 4 .6 2 2 6 4 .9 1 2 6 4 .6 2 2 6 5 .8 8 2 6 9 .1 0 M is c e lla n e o u s m a n u f a c t u r i n g ....................................... 3 4 4 .0 0 3 4 4 .8 6 3 4 5 .7 2 3 5 0 .3 8 2 3 1 .6 4 2 4 7 .5 6 2 5 0 .9 0 2 5 3 .5 0 2 5 6 .5 0 2 6 0 .1 3 2 6 0 .0 6 2 5 3 .7 2 2 6 3 .2 5 2 6 3 .6 4 2 8 0 .7 4 2 9 6 .8 3 3 0 4 .1 9 3 0 1 .0 8 3 0 5 .7 4 3 1 0 .8 5 3 0 7 .6 4 3 0 5 .2 2 3 1 1 .2 0 3 1 3 .9 7 3 1 5 .5 8 3 1 9 .1 9 ............................................ 2 9 5 .3 7 3 1 0 .8 7 3 1 5 .6 1 3 1 2 .0 5 3 1 7 .6 0 3 1 9 .1 8 3 1 5 .5 1 3 1 2 .2 4 3 1 6 ,6 1 3 1 8 .9 8 3 2 1 .4 7 3 2 5 .1 7 3 2 2 .7 2 3 2 5 .2 0 3 2 7 .6 4 T o b a c c o m a n u f a c t u r e s ......................................................... 3 4 4 .5 4 3 6 9 .6 8 3 7 9 .1 4 3 7 0 .5 0 3 8 6 .0 8 3 6 4 .9 8 3 6 0 .2 6 3 3 9 .6 4 3 7 8 .6 1 3 9 5 .7 5 4 0 1 .6 8 4 2 0 .0 4 3 9 8 .9 1 3 8 4 .6 5 37 2 99 N o n d u ra b le goods F o o d a n d k in d r e d p r o d u c ts T e x t ile m i ll p r o d u c t s ............................................................. A p p a r e l a n d o t h e r t e x t ile p r o d u c ts . . . . . . . P a p e r a n d a llie d p r o d u c t s ................................................ P r in t in g a n d p u b lis h in g ..................................................... 2 1 8 .5 9 2 1 8 .6 3 2 2 3 .8 5 2 2 7 .5 6 2 3 1 .4 7 2 3 6 .7 7 2 3 7 .1 2 2 3 6 .0 7 2 4 2 .5 7 2 4 6 .8 3 2 4 8 .6 7 2 5 3 .1 8 3 1 9 .5 3 2 4 8 .0 3 3 1 9 .5 9 3 2 4 .4 0 2 5 5 .0 3 2 5 8 .5 5 1 7 7 .4 3 1 8 0 .4 4 1 8 3 .5 7 1 8 3 .9 1 1 8 4 .9 7 1 8 6 .3 8 1 8 8 .6 8 1 8 5 .4 8 1 9 0 .2 8 1 9 2 .0 7 1 9 2 .4 1 1 9 6 .1 8 1 9 3 .1 4 1 9 6 .1 8 1 9 8 .9 1 3 6 5 .5 0 3 8 9 .5 8 4 0 2 .5 3 3 9 7 .4 0 4 0 2 .2 4 4 1 0 .1 3 4 0 2 .4 1 3 9 6 .6 2 4 0 6 .1 4 4 1 0 .1 8 4 1 5 .9 4 4 2 5 .1 4 4 2 9 .5 6 4 2 7 .4 3 4 3 6 .9 0 3 2 9 .8 2 3 3 2 .7 2 3 4 1 .1 0 3 3 2 .7 9 3 3 0 .8 3 3 3 8 .6 3 C h e m ic a ls a n d a llie d p r o d u c t s ....................................... 3 7 9 .3 9 4 0 7 .3 6 4 1 9 .8 3 4 1 6 .9 8 4 2 0 .6 6 4 2 7 .2 5 4 2 1 .8 7 4 2 5 .7 7 4 2 8 .0 7 4 3 2 .8 5 4 3 5 .7 5 4 4 0 .7 9 4 4 0 .1 3 4 3 8 .8 4 4 4 8 .5 1 P e t r o le u m a n d c o a l p r o d u c t s ........................................ 4 9 1 .6 2 3 0 5 .4 9 5 4 6 .9 9 3 2 4 .6 3 5 7 2 .4 9 3 3 1 .4 5 5 5 5 .5 9 5 6 4 .2 6 5 6 3 .0 5 5 7 2 .4 6 5 7 3 .7 3 5 8 4 .3 2 5 8 1 .2 3 5 7 5 .7 3 5 7 9 .4 8 5 8 4 .7 6 5 7 0 .7 1 5 8 6 .5 3 2 8 8 .9 5 3 0 2 .9 4 3 0 8 .0 9 3 0 4 .1 8 3 0 9 .2 8 3 1 9 .5 6 3 1 7 .1 9 3 1 4 .0 3 3 2 1 .5 5 3 2 6 .7 5 3 2 7 .5 7 3 2 8 .7 5 3 2 9 .6 5 3 3 0 .8 4 3 3 7 .7 4 1 8 3 .1 3 1 8 9 .3 9 1 9 2 .0 6 1 8 9 .7 3 1 9 4 .2 2 1 9 6 .3 8 1 9 6 .9 0 1 9 0 .3 0 1 9 7 .0 6 2 0 1 .4 8 2 0 4 .4 2 2 0 7 .5 2 2 0 7 .0 0 2 0 7 .3 5 2 1 1 .1 0 TR A N S P O R TA TIO N AN D PUB LIC U TILIT IE S 3 8 2 .1 8 4 0 1 .7 0 4 0 5 .8 5 4 0 6 .6 2 4 1 3 .0 1 4 1 6 .3 0 4 0 9 .4 3 4 1 1 .6 5 4 1 3 .3 2 4 1 3 .7 9 4 1 5 .6 4 4 1 9 .5 4 4 2 5 .7 1 4 1 9 .4 4 4 3 0 .8 1 W HO LE SALE A N D RETAIL TRADE 1 9 0 .6 2 1 9 8 .1 0 2 0 0 .3 0 1 9 9 .3 9 1 9 9 .7 1 2 0 3 .1 5 2 0 1 .5 9 1 9 9 .3 1 2 0 1 .9 0 2 0 3 .1 8 2 0 5 .4 3 2 0 7 .3 7 2 1 0 .6 0 2 0 9 .3 0 208 63 W HO LE SALE TRA DE 2 9 1 .0 6 3 0 7 .9 7 3 1 1 .0 4 3 1 3 .0 1 3 1 3 .3 9 3 1 7 .3 4 3 1 8 .2 7 3 1 3 .8 1 3 1 6 .7 4 3 1 9 .4 2 3 2 1 .8 6 3 2 3 .1 5 3 2 6 .7 0 3 2 5 .0 8 3 2 7 .7 9 RETAIL TRADE 1 5 8 .0 3 1 6 3 .5 5 1 6 5 .5 5 1 6 4 .7 9 1 6 4 .5 8 1 6 8 .9 7 1 6 4 .9 8 1 6 3 .3 0 1 6 6 .4 2 1 6 7 .2 9 1 6 9 .5 9 1 7 1 .8 7 1 7 5 .0 3 1 7 3 .8 5 1 7 1 .9 5 FINANC E. IN S U R A N C E . AND REAL ESTATE 2 2 9 .0 5 245.44 249.09 252.31 253.40 254.46 262.44 260.64 258.84 2 6 1 .0 0 265.35 ~ 2 6 2 .0 9 2 6 4 .9 9 2 6 1 .0 0 2 6 3 ,5 2 SER VIC ES 2 0 8 .9 7 2 2 4 .9 4 2 2 8 .5 7 2 2 8 .8 0 2 3 0 .1 0 2 3 2 ,1 1 2 3 4 .7 9 2 3 2 .9 6 2 3 3 .7 4 2 3 4 .7 2 2 3 6 .4 2 2 3 6 .8 8 2 3 7 .6 6 2 3 7 .6 6 2 3 9 .1 1 3 3 7 .7 2 3 3 7 .5 7 3 3 8 .8 4 3 4 1 .2 5 3 4 4 .2 2 3 5 0 .5 8 R u b b e r a n d m i s c e lla n e o u s p la s t ic s p r o d u c ts ............................................................. L e a th e r a n d le a th e r p r o d u c ts ....................................... 1 N o t a v a ila b le , p = p r e lim in a r y . 17. Indexes of diffusion: industries in which em ploym ent increased [In p e rc e n t] T im e Year span Jan. Feb. M a r. Apr. M ay June July Aug. Sept. Oct. Nov. D ec. O ver 1981 . . . . 5 7 .8 5 2 .4 5 2 .2 6 5 .6 6 0 .2 5 8 .9 6 2 .6 4 9 .5 4 2 .2 3 3 .3 2 9 .3 3 0 .9 1 -m o n th 1982 . . . 2 8 .5 4 5 .4 3 6 .0 3 9 .0 4 7 .6 3 2 .8 3 8 .4 3 7 .1 3 4 .1 29 3 3 2 .0 4 2 .2 span 1983 . . . . 5 6 .5 4 5 .7 6 2 ,4 6 9 .1 7 1 .0 6 4 .5 6 8 .5 P 6 7 .7 P 5 8 .9 - 1981 . . . . 5 8 .3 5 4 .6 5 9 .1 65 9 6 7 .5 6 6 .7 6 0 .5 5 0 .5 3 3 .3 3 0 .1 2 4 .5 23 4 2 5 .5 2 4 .7 4 0 .6 O ver 3 -m o n th 1982 span 1983 O ver 1981 . . . . . . . . . 2 5 .3 2 8 .8 3 2 .0 3 4 .1 3 2 .5 3 3 .6 2 7 .2 2 7 .2 2 6 .1 4 5 .4 5 5 .1 6 5 .6 7 5 .8 7 6 .1 7 7 .2 P 7 4 .7 P 7 6 .9 - 6 8 .5 6 5 .3 6 3 .7 - - - - 6 9 .4 6 4 .2 5 8 .6 4 5 .7 3 4 .4 2 9 .6 2 4 .2 2 5 .0 22 0 6 - m o n th 1982 2 0 .2 2 3 .7 2 5 .3 2 9 .8 2 6 .1 2 6 .1 2 3 .4 1 9 .1 2 1 .2 2 6 .1 2 6 .6 35 8 span 1983 . . . . 5 0 .5 6 3 .2 7 3 .4 7 6 .3 P 7 9 .3 P 8 0 .9 O ver 1981 . . . . 7 4 .5 7 1 .2 7 0 .4 5 8 .1 4 7 .6 4 1 .4 3 4 .9 2 9 .8 2 7 .4 2 3 .7 2 5 .3 2 3 .1 1 9 .4 1 8 .3 2 0 .7 2 0 .7 2 2 .8 2 4 .2 3 1 .5 3 7 .6 4 4 .1 — — — — — — . 1 2 -m o n th 1982 . . . . 2 2 .0 2 0 .7 1 8 .0 span 1983 . . . . 4 8 .9 P 5 7 .3 P 6 1 .8 p - p r e lim in a r y . NO TE: - - - - - - a re c o u n t e d a s r is in g . ) D a ta a r e c e n t e r e d w i t h i n t h e s p a n s . S e e t h e " D e f i n i t i o n s ” in t h is s e c tio n . F ig u r e s a r e t h e p e r c e n t o f in d u s t r ie s w ith e m p lo y m e n t r is in g . ( H a lf o f t h e u n c h a n g e d c o m p o n e n ts https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 95 UNEMPLOYMENT INSURANCE DATA persons in unemployment insurance programs to indicate they are out of work and wish to begin receiving compensation. A claimant who continued to be unemployed a full week is then counted in the insured unemployment figure. The rate of insured unemployment expresses the number of in sured unemployed as a percent of the average insured employment in a 12-month period. are compiled monthly by the Employment and Training Administration of the U.S. De partment of Labor from monthly reports of unemployment insur ance activity prepared by State agencies. Railroad unemployment insurance data are prepared by the U.S. Railroad Retirement Board. N a t i o n a l u n e m p l o y m e n t in s u r a n c e d a t a Definitions Average weekly seasonally adjusted insured unemployment data are computed by BLS' Weekly Seasonal Adjustment program. This procedure incorporated the X -l 1 Variant of the Census Method II Seasonal Adjust ment program. Data for all programs represent an unduplicated count of insured un employment under State programs, Unemployment Compensation for ExServicemen, and Unemployment Compensation for Federal Employees, and the Railroad Insurance Act. An application for benefits is filed by a railroad worker at the beginning o f his first period of unemployment in a benefit year; no application is required for subsequent periods in the same year. Number of payments are payments made in 14-day registration periods. The average amount of benefit payment is an average for all compensable periods, not adjusted for recovery of overpayments or settlement of underpayments. However, total benefits paid have been adjusted. Under both State and Federal unemployment insurance programs for civilian employees, insured workers must report the completion of at least 1 week o f unemployment before they are defined as unemployed. Persons not covered by unemployment insurance (about 10 percent of the labor force) and those who have exhausted or not yet earned benefit rights are excluded from the scope of the survey. Initial claims are notices filed by 18. U nem ploym ent insurance and em ploym ent service operations [ A l l i t e m s e x c e p t a v e r a g e b e n e f it s a m o u n t s a r e in t h o u s a n d s ] 198 2 1983 Ite m Aug. Nov. Oct. Sept. Jan. Dec. M a r. Feb. Apr. M ay June July A ug. F A ll p r o g r a m s : In s u r e d u n e m p l o y m e n t ....................................... 4 ,3 9 8 4 ,2 8 3 4 ,3 9 1 4 ,6 3 5 5 ,0 7 4 5 .4 5 9 5 ,4 3 7 5 .1 3 4 4 ,6 4 2 3 .9 4 7 3 ,4 8 1 3 ,2 7 5 2 ,9 1 7 2 .3 5 8 2 342 2 ,4 4 3 2 .6 6 1 3 ,0 8 0 3 ,1 4 3 2 ,0 6 5 2 ,0 7 5 1 ,8 7 4 1 ,6 6 6 r 1 ,7 4 0 1 ,8 0 4 1 ,6 6 9 S ta te u n e m p lo y m e n t in s u r a n c e p r o g r a m : 1 I n itia l c la i m s 2 ............................................................. I n s u r e d u n e m p lo y m e n t (a v e ra g e w e e k ly v o l u m e ) ..................................................... 3 .8 3 1 3 ,7 1 2 3 .8 2 8 4 ,1 5 6 4 ,5 8 1 4 ,9 2 3 4 ,4 0 1 4 ,7 5 9 3 .9 0 6 3 ,3 6 1 3 ,0 6 3 3 ,0 4 9 2 ,7 6 6 R a te o f in s u r e d u n e m p l o y m e n t ...................... 4 .4 4 .2 4 .4 4 .7 5 .2 5 .6 5 .5 5 .0 4 .5 3 .9 3 .5 3 .5 3 .2 W e e k s o f u n e m p lo y m e n t c o m p e n s a t e d . . . 1 5 ,0 1 5 1 4 ,5 4 7 1 3 ,7 8 6 1 5 ,1 7 0 1 7 ,8 7 3 1 8 ,3 0 7 1 6 ,8 9 5 1 9 .5 2 9 1 4 ,9 8 6 1 3 ,1 3 3 r 1 2 .8 1 9 1 0 ,9 5 9 1 1 ,3 0 6 A v e r a g e w e e k ly b e n e f it a m o u n t ............................... $ 1 1 8 .9 7 $ 1 2 0 .7 8 $ 1 2 2 .8 1 $ 1 2 3 .4 3 $ 1 2 3 .4 2 $ 1 2 4 .2 9 $ 1 2 4 .4 7 $ 1 2 5 .4 7 $ 1 2 4 .8 5 $ 1 2 4 .4 9 r$ 1 23 44 $ 1 2 1 .5 9 $ 1 2 1 .4 5 ................................................ $ 1 ,7 4 6 ,1 9 5 $ 1 ,7 1 0 ,5 7 3 $ 1 ,6 4 7 ,3 4 3 $ 1 ,8 2 0 ,0 1 9 $ 2 ,1 3 5 ,3 0 2 $ 2 , 2 0 5 ,5 5 1 $ 2 ,0 5 2 ,4 1 5 $ 2 ,3 6 7 ,7 5 2 $ 1 ,8 1 6 ,5 3 9 $ 1 ,5 8 7 ,8 8 8 $ 1 ,5 4 9 ,7 5 8 $ 1 ,2 9 8 ,1 8 9 $ 1 ,3 3 7 ,8 1 7 2 ,8 1 4 2 ,9 0 2 2 ,6 8 8 2 ,6 8 0 2 ,5 8 6 2 .1 8 7 2 ,1 3 8 2 ,1 4 8 1 ,9 5 2 1 ,9 9 3 1 ,8 3 6 1 ,5 7 4 1 ,9 9 2 w e e k ly v o l u m e ) .................................................... 4 ,1 3 7 4 ,4 4 6 4 .6 8 0 4 ,6 1 8 4 ,3 5 5 3 ,9 8 0 3 .9 7 9 3 ,8 8 4 3 ,7 7 4 3 ,5 3 8 3 ,3 0 1 3 ,0 8 6 2 ,9 8 7 R a te o f in s u r e d u n e m p l o y m e n t ...................... 4 .7 5 ,1 5 .3 5 .3 5 .0 4 .6 4 .6 4 .5 4 .3 4 ,1 3 .8 3 .6 3 .5 11 11 10 17 24 21 16 18 15 14 16 16 19 7 8 9 14 26 37 37 34 30 26 25 25 26 f o r t o ta l u n e m p lo y m e n t T o ta l b e n e f it s p a id S ta te u n e m p lo y m e n t in s u r a n c e p r o g r a m : 1 ( S e a s o n a lly a d ju s te d d a ta ) I n itia l c la i m s 2 ............................................................. I n s u r e d u n e m p lo y m e n t (a v e ra g e U n e m p lo y m e n t c o m p e n s a tio n f o r e x s e r v ic e m e n : 2 I n itia l c la i m s 1 ............................................................. I n s u r e d u n e m p lo y m e n t (a v e ra g e w e e k ly v o l u m e ) ..................................................... W e e k s o f u n e m p lo y m e n t c o m p e n s a t e d . .. T o ta l b e n e f it s p a id ................................................ 24 25 28 33 90 132 143 156 117 104 107 94 108 $ 2 ,7 9 3 $ 2 ,9 0 0 $ 3 ,3 6 6 $ 4 ,0 0 6 $ 1 1 ,1 9 1 $ 1 6 ,8 0 7 $ 1 8 ,0 3 2 $ 1 9 ,5 8 8 $ 1 4 ,7 7 6 $ 1 3 ,1 1 1 r$ 1 3 ,5 8 8 $ 1 2 ,1 1 8 $ 1 3 ,8 5 7 12 13 16 14 15 16 10 11 10 9 13 12 11 27 26 28 31 3> 35 33 31 26 22 21 23 22 U n e m p lo y m e n t c o m p e n s a tio n f o r F e d e r a l c iv ilia n e m p lo y e e s : 4 I n itia l c l a i m s .................................................................. I n s u r e d u n e m p lo y m e n t (a v e ra g e w e e k ly v o l u m e ) .................................................... W e e k s o f u n e m p lo y m e n t c o m p e n s a te d . . T o ta l b e n e f it s p a id ................................................ 118 1 11 110 126 146 142 1 31 146 109 93 90 85 94 $ 1 3 ,1 4 0 $ 1 2 ,3 0 3 $ 1 2 ,1 4 4 $ 1 4 ,0 2 3 $ 1 6 ,1 1 4 $ 1 6 ,0 4 5 $ 1 5 ,0 8 3 $ 1 6 ,8 7 1 $ 1 2 ,4 2 2 $ 1 0 ,6 0 3 r$ 1 0 ,2 7 2 $ 9 ,6 4 0 $ 1 0 ,7 6 7 R a ilr o a d u n e m p lo y m e n t in s u r a n c e : A p p l i c a t i o n s ................................................................. 68 14 55 61 w e e k ly v o l u m e ) ..................................................... N u m b e r o f p a y m e n t s ............................................ 17 17 20 7 8 94 4 30 55 14 81 83 102 72 65 79 90 49 49 46 100 137 162 172 219 158 169 172 183 123 92 107 . . , $ 2 0 2 .5 4 $ 2 1 6 .1 4 $ 2 1 2 .3 5 $ 2 1 6 .5 5 $ 2 1 7 .0 0 $ 2 2 0 .3 2 $ 2 1 4 .5 4 $ 2 1 3 .4 4 $ 2 0 3 .8 7 $ 2 1 5 .1 5 $ 2 0 3 .5 4 $ 1 9 9 .8 7 $ 2 1 4 .2 1 ................................................ $ 1 7 ,9 9 8 $ 3 1 ,1 2 3 $ 3 1 ,6 3 8 $ 3 5 ,0 6 1 $ 3 9 ,5 0 0 $ 4 4 ,5 1 4 $ 3 3 ,1 0 0 $ 3 6 ,2 4 3 $ 2 7 ,7 8 3 $ 2 9 ,4 1 1 $ 1 4 ,9 8 4 $ 1 7 ,5 5 1 $ 2 1 ,7 8 9 A v e r a g e a m o u n t o f b e n e f it p a y m e n t T o ta l b e n e f it s p a id 20 82 ( I n s u r e d u n e m p lo y m e n t ( a v e ra g e 159 E m p lo y m e n t s e r v i c e : 5 N e w a p p lic a tio n s a n d r e n e w a l s ...................... N o n f a r m p la c e m e n t s ............................................ 1 4 ,3 2 0 4 ,5 2 7 8 ,3 8 1 1 1 ,9 8 7 2 ,8 0 4 642 1 ,1 8 4 1 ,9 2 1 1 1 n itia l c la im s a n d S ta te in s u r e d u n e m p lo y m e n t in c lu d e d a ta u n d e r t h e p r o g r a m f o r P u e r to R ic a n 5 C u m u la t iv e t o ta l f o r fis c a l y e a r ( O c to b e r 1 - S e p te m b e r 3 0 ) . D a ta c o m p u te d q u a r te r ly . ^ E x c l u d e T t r a n s i t io n c la im s u n d e r S ta te p r o g r a m s . E x c l u d e s d a ta o n c la im s a n d p a y m e n ts m a d e jo i n t l y w ith o t h e r p r o g r a m s . N ° J E r e N m in ^ re v ^ s e rT 3 ^ 4 E x c lu d e s d a ta o r c la im s a n d p a y m e n ts m a d e jo i n t l y w ith S ta te p r o g r a m s . 96 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^ ^ " " V ' r 9 i" ' S'a n d S in C lU d e d ' D a S h e S ' n d ' C a te ^ a V a i' a b 'e ' PRICE DATA P 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). r ic e d a t a Definitions The Consumer Price Index is a monthly statistical measure of the average change in prices in a fixed market basket of goods and services. Effective with the January 1978 index, the Bureau of Labor Statistics began pub lishing CPI’s for two groups of the population. It introduced a CPI for All Urban Consumers, covering 80 percent of the total noninstitutional pop ulation, and revised the CPI for Urban Wage Earners and Clerical Workers, covering about half the new index population. The All Urban Consumers index covers in addition to wage earners and clerical workers, professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, retirees, and others not in the labor force. The CPI is based on prices of food, clothing, shelter, fuel, drugs, transportation fares, doctors’ and dentists’ fees, and other goods and ser vices that people buy for day-to-day living. The quantity and quality of these items is kept essentially unchanged between major revisions so that only price changes will be measured. Data are collected from more than 24,000 retail establishments and 24,000 tenants in 85 urban areas across the country. All taxes directly associated with the purchase and use of items are included in the index. Because the CPI’s are based on the ex penditures o f two population groups in 1972-73, they may not accurately reflect the experience of individual families and single persons with dif ferent buying habits. Though the CPI is often called the “ Cost-of-Living Index,” it measures only price change, which is just one of several important factors affecting living costs. Area indexes do not measure differences in the level of prices among cities. They only measure the average change in prices for each area since the base period. Producer Price Indexes measure average changes in prices received in primary markets o f the United States by products of commodities in all stages o f processing. The sample used for calculating these indexes contains about 2,800 commodities and about 10,000 quotations per month selected to represent the movement of prices of all commodities produced in the manufacturing, agriculture, forestry, fishing, mining, gas and electricity, and public utilities sectors. The universe includes all commodities produced or imported for sale in commercial transactions in primary markets in the United States. Producer Price Indexes can be organized by stage of processing or by commodity. The stage o f processing structure organizes products by degree of fabrication (that is, finished goods, intermediate or semifinished goods, and crude materials). The commodity structure organizes products by sim ilarity o f end-use or material composition. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis To the extent possible, prices used in calculating Producer Price Indexes apply to the first significant commercial transaction in the United States, from the production or central marketing point. Price data are generally collected monthly, primarily by mail questionnaire. Most prices are ob tained directly from producing companies on a voluntary and confidential basis. Prices generally are reported for the Tuesday of the week containing the 13th day of the month. In calculating Producer Price Indexes, price changes for the various commodities are averaged together with implicit quantity weights repre senting their importance in the total net selling value of all commodities as of 1972. The detailed data are aggregated to obtain indexes for stage of processing groupings, commodity groupings, durability of product groupings, and a number of special composite groupings. Price indexes for the output of selected SIC industries measure av erage price changes in commodities produced by particular industries, as defined in the Standard Industrial Classification Manual 1972 (Washing ton, U.S. Office of Management and Budget, 1972). These indexes are derived from several price series, combined to match the economic activity o f the specified industry and weighted by the value of shipments in the industry. They use data from comprehensive industrial censuses conducted by the U.S. Bureau of the Census and the U.S. Department of Agriculture. Notes on the data Regional CPI's cross classified by population size were introduced in the May 1978 Review. These indexes enable users in local areas for which an index is not published to get a better approximation of the CPI for their area by using the appropriate population size class measure for their region. The cross-classified indexes are published bimonthly. (See table 20.) For details concerning the 1978 revision of the CPI, see The Consumer Price Index: Concepts and Content Over the Years. Report 517, revised edition (Bureau of Labor Statistics, May 1978). As of January 1976, the Producer Price Index incorporated a revised weighting structure reflecting 1972 values of shipments. Additional data and analyses of price changes are provided in the CPI Detailed Report and Producer Prices and Price Indexes, both monthly publications of the Bureau. For a discussion of the general method of computing producer, and industry price indexes, see BLS Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 7. For consumer prices, see BLS Handbook of Methods for Surveys and Studies (1976), chapter 13. See also John F. Early, “ Improving the measurement of producer price change. Monthly Labor Review, April 1978. For industry prices, see also Bennett R. Moss, “ Industry and Sector Price Indexes,” Monthly Labor Review, August 1965. 97 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Consumer Prices 19. C onsum er Price Index for Urban W age Earners and C lerical W orkers, annual averages and changes, 1 9 6 7 -8 2 [1967 = 100] Food and A ll item s A p p arel and Housing b everag es T ran sp o rtatio n upkeep M e d ic a l care O the r goods E n te rta in m e n t and s e rv ic e s Year Index 1967 .......................... Percent Index change 1 0 0 .0 Percent change 1 0 0 .0 Index Percent change 1 0 0 .0 Index Percent Index change 1 0 0 .0 P ercent change 1 0 0 .0 Index P ercen t change 1 0 0 .0 In d ex P ercent change 1 0 0 .0 Index P e rcent c hange 1 0 0 .0 1968 .......................... 1 0 4 .2 4 .2 1 0 3 .6 3 .6 1 0 4 .0 4 .0 1 0 5 .4 5 .4 1 0 3 .2 3 .2 1 0 6 .1 6 .1 1 0 5 .7 5 .7 105 2 5 .2 1969 ........................... 1 0 9 .8 5 .4 1 0 8 .8 5 .0 1 1 0 .4 6 .2 1 1 1 .5 5 .8 1 0 7 .2 3 .9 1 1 3 .4 6 .9 1 1 1 .0 5 .0 1 1 0 .4 4 .9 1970 ........................... 1 1 6 .3 5 .9 1 1 4 .7 5 .4 1 1 8 .2 7 .1 1 1 6 .1 4 .1 1 1 2 .7 5 .1 1 2 0 .6 6 .3 1 1 6 .7 5 .1 1 1 5 .8 5 .8 1971 ........................... 1 2 1 .3 4 .3 1 1 8 .3 3 .1 1 2 3 .4 4 .4 1 1 9 .8 3 .3 1972 ........................... 1 2 5 .3 3 .3 1 2 3 .2 4 .1 1 2 8 .1 3 .8 1 2 2 .3 2 .1 1 1 9 .9 1 .1 1 3 2 .5 3 .2 1 2 6 .5 2 .9 T 2 7 .5 4 .2 1973 ........................... 1 3 3 .1 6 .2 1 3 9 .5 1 3 .2 1 3 3 .7 4 .4 1 2 6 .8 3 .7 1 2 3 .8 3 .3 1 3 7 .7 3 .9 1 3 0 .0 2 .8 1 3 2 .5 3 .9 1974 .......................... 1 4 7 .7 1 1 .0 1 5 8 .7 1 3 .8 1 4 8 .8 1 1 .3 1 3 6 .2 7 .4 1 3 7 .7 1 1 .2 1 5 0 .5 9 .3 1 3 9 .8 7 .5 1 4 2 .0 7 .2 1975 .......................... 1 6 1 .2 9 .1 1 7 2 .1 8 .4 1 6 4 .5 1 0 .6 1 4 2 .3 4 .5 1 5 0 .6 9 .4 1 6 8 .6 1 2 .0 1 5 2 .2 8 .9 1 5 3 .9 8 .4 1 1 8 .6 5 .2 1 2 8 .4 6 .5 122 9 5 .3 1 2 2 .4 4 .8 1976 ........................... 1 7 0 .5 5 .8 1 6 5 .5 9 .9 1 8 4 .7 95 1 5 9 .8 5 .0 1 6 2 .7 5 .7 1977 ........................... 1 8 1 .5 6 .5 1 8 8 .0 8 .0 1 8 6 .5 6 .8 1 5 4 .2 4 .5 1 7 7 .2 7 .1 2 0 2 .4 9 .6 1 6 7 .7 4 .9 1 7 2 .2 5 .8 1978 .......................... 1 9 5 .3 7 .6 2 0 6 .2 9 .7 2 0 2 .6 8 .6 1 5 9 .5 3 .4 1 8 5 .8 1 7 7 .4 3 .1 1 7 4 .6 6 .1 1 4 7 .6 3 .7 4 .9 2 1 9 .4 8 .4 1 7 6 .2 5 .1 1979 .......................... 2 1 7 .7 1 1 .5 2 2 8 .7 1 0 .9 2 2 7 .5 1 2 .3 1 6 6 .4 4 .3 2 1 2 .8 1 4 .5 2 4 0 .1 9 .4 1 8 7 .6 6 .5 1 9 6 .3 7 .2 1980 .......................... 2 4 7 .0 1 3 .5 2 4 8 .7 8 .7 2 6 3 .2 1 5 .7 1 7 7 .4 6 .6 2 5 0 .5 1 7 .7 2 8 7 .2 1 1 .3 203 7 8 .5 2 1 3 .6 8 .8 1981 .......................... 2 7 2 .3 1 0 .2 2 6 7 .8 7 .7 293 2 1 1 ,4 1 8 6 .6 5 .2 2 8 1 .3 1 2 .3 2 9 5 .1 1 0 .4 2 1 9 .0 7 .5 2 3 3 .3 9 .2 1982 .......................... 2 8 8 .6 6 .0 2 7 8 .5 4 .0 3 1 4 .7 7 .3 1 9 0 .9 2 .3 2 9 3 .1 4 .2 3 2 6 .9 1 0 .8 2 3 2 .4 6 .1 2 5 7 .0 1 0 .2 1 8 3 .2 6 .4 20. C onsum er Price Index for All Urban C onsum ers and revised CPI for Urban W age E arners and C lerical W orkers, U.S. city average— general sum m ary and groups, subgroups, and selected item s [1967 = 100 unless otherwise specified] All U rban C onsu m ers G en eral su m m ary 198 2 1982 Aug. M a r. Apr. M ay June 2 9 2 .8 2 9 3 .4 2 9 5 .5 2 9 7 .1 ............................................................................................ 2 7 9 .9 2 8 3 .2 2 8 4 .6 2 8 5 .0 ...................................................................................................................... 3 2 0 .1 3 1 8 .6 3 2 0 .3 A p p a r e l a n d u p k e e p ............................................................................................ 1 9 1 .8 1 9 4 .5 1 9 5 .5 T r a n s p o r t a t i o n ............................................................................................................. 2 9 6 .2 2 8 7 .4 2 9 2 .3 2 9 6 .2 M e d ic a l c a r e ............................................................................................................. 3 3 3 .3 3 5 2 .3 3 5 3 .5 3 5 4 .3 A l l it e m s F o o d a n d b e v e ra g e s H o u s in g E n t e r t a in m e n t U rban W a g e E arn ers and C le ric a l W o rke rs 1983 198 3 July Aug. Aug. 2 9 8 .1 299 3 3 0 0 .3 2 9 2 .4 2 9 3 .0 2 9 4 .9 2 8 4 .7 2 8 4 .7 2 8 4 .9 2 8 0 .2 2 8 3 .5 2 8 4 .9 3 2 1 .8 3 2 3 .1 3 2 4 .5 3 2 4 .8 3 2 0 .5 3 1 9 .2 3 2 0 .3 3 2 1 .3 1 9 6 .1 1 9 5 .6 1 9 5 .0 1 9 7 .3 1 9 4 .0 1 9 4 .8 1 9 5 .3 1 9 4 .7 1 9 4 .0 1 9 6 .3 2 9 8 .3 3 0 0 .4 3 0 2 .4 2 9 8 .0 2 8 8 .6 293 5 2 9 7 .5 299 6 3 0 1 .9 3 0 4 .1 3 5 5 .4 3 5 7 .7 3 6 0 .0 3 3 1 .3 3 5 0 .0 3 5 1 .2 3 5 2 .1 353 3 355 6 357 9 2 4 3 .1 1 9 0 .7 Apr. M ay June July A ug. 2 9 6 .3 2 9 7 .2 298 2 2 9 9 .5 2 8 5 .4 2 8 5 .0 285 0 2 8 5 .1 3 2 2 .3 3 2 3 .1 3 2 4 .3 ............................................................................................................. 2 3 7 .4 2 4 4 .6 2 4 4 .6 2 4 4 .8 2 4 5 .4 2 4 6 .0 2 4 6 .6 2 3 3 .9 2 4 0 .8 2 4 1 .1 2 4 1 .3 2 4 1 .9 2 4 2 .5 O th e r g o o d s a n d s e r v i c e s ................................................................................... 2 5 8 .3 2 8 1 .9 2 8 3 .2 2 8 3 .6 2 8 4 .5 2 8 7 .5 2 8 9 .0 255 7 2 8 0 .0 2 8 1 .4 2 8 1 .8 2 8 2 .8 2 8 6 .4 2 8 8 .0 C o m m o d ' t i e s .................................................................................................................. 2 6 6 .4 2 6 6 .7 2 6 9 .2 2 7 0 .9 2 7 1 .6 2 7 2 .5 2 7 3 .4 2 6 6 .8 2 6 8 .4 2 7 0 .9 2 7 2 .7 2 7 3 .3 2 7 4 .2 2 7 5 .1 C o m m o d itie s le s s fo o d a n d b e v e r a g e s ....................................... 2 5 5 .9 2 5 4 .3 2 5 9 .7 2 6 0 .9 2 5 6 .5 2 5 7 .4 2 6 0 .3 2 6 2 .7 2 6 3 .7 2 6 4 .9 N o n d u r a b le s le s s f o o d a n d b e v e r a g e s ................................... 2 6 6 .1 2 6 8 .8 2 6 3 .4 2 6 7 .8 2 7 1 .3 2 7 2 .3 2 7 3 .5 2 7 4 .7 2 7 0 .7 2 6 5 .0 2 6 9 .7 2 7 3 .3 2 7 4 .4 D u r a b l e s ......................................................................................................... 2 7 5 .7 276 9 2 4 4 .6 2 4 7 .4 2 4 8 .7 2 4 9 .5 2 5 1 .2 2 5 2 .9 2 5 4 .3 2 4 4 .0 2 4 9 .7 2 5 1 .2 2 5 2 .8 253 7 2 5 4 .8 2 5 6 .0 3 3 8 .9 3 3 9 .4 3 4 1 .2 3 4 2 .6 3 4 4 .0 3 4 5 .6 3 4 6 .8 3 4 0 .0 338 5 3 3 9 .5 3 4 0 .1 3 4 1 .4 3 4 2 .8 3 4 4 .8 2 2 6 .0 233 6 2 3 4 .5 2 3 5 .1 2 3 5 .9 2 3 7 .1 238 2 2 2 5 .5 2 3 3 .1 2 3 4 .0 2 3 4 .6 2 3 5 .3 236 5 2 3 7 .6 1 0 1 .6 1 0 2 .0 1 0 3 .2 1 0 4 .2 1 0 4 .8 1 0 4 .8 2 9 7 .8 2 9 9 .8 3 0 0 .8 3 0 1 .2 3 0 1 .4 3 0 2 .3 3 0 4 .0 2 9 6 .5 2 9 6 .7 2 9 7 .2 M e d ic a l c a r e s e r v i c e s ........................................................................... 2 9 7 .6 2 9 7 .5 2 9 8 .4 3 0 0 .2 3 6 1 .0 3 8 2 .2 3 8 2 .8 3 8 3 .5 3 8 4 .6 3 8 7 .2 3 8 9 .8 3 5 8 ,3 3 7 9 .0 3 7 9 .7 O th e r s e r v ic e s 3 8 0 .5 3 8 1 .7 3 8 4 .4 3 8 7 .0 259 7 272 9 2 7 4 .2 2 7 4 .7 2 7 5 .6 2 7 6 .3 2 7 6 .9 2 5 8 .4 2 7 0 .6 2 7 2 .0 2 7 2 .6 2 7 3 .5 2 7 4 .2 2 7 4 .8 292 5 2 9 2 .4 2 9 4 .7 2 9 6 .5 2 9 7 .8 299 3 3 0 0 .5 2 9 2 .4 292 4 2 9 4 .4 2 9 6 .1 2 9 7 .2 298 5 3 0 0 .0 1 0 0 .3 1 0 1 .0 1 0 1 ,6 1 0 1 .9 1 0 2 .3 1 0 2 .7 2 7 5 .8 2 7 9 .0 2 7 9 .7 2 8 1 .7 2 8 3 .5 2 8 5 .3 2 8 6 .3 263 9 S e rv c e s .......................................................................................................................... R e n t, r e s i d e n t i a l ....................................................................................... H o u s e h o ld s e r v ic e s le s s r e n t o f s h e lt e r ( 1 2 / 8 2 = 1 0 0 ) T r a n s p o r t a tio n s e r v i c e s ...................................................................... ............................................................................................ 2 5 7 .3 2 6 2 .3 2 6 3 .6 S p e c i a l in d e x e s : A ll it e m s le s s f o o d ..................................................................................................... A ll it e m s le s s h o m e o w n e r s ' c o s ts ............................................................. A ll it e m s le s s m o r t g a g e in t e r e s t c o s t s ..................................................... C o m m o d itie s le s s f o o d ........................................................................................ 2 5 3 .8 2 5 2 .4 2 5 5 .4 2 5 7 .6 258 9 2 6 0 .2 2 6 1 .4 2 5 4 .4 N o n d u r a b le s le s s f o o d ....................................................................................... 2 5 5 .4 2 5 8 .2 2 6 0 .6 2 6 1 .6 2 6 2 .7 2 6 3 .6 258 9 2 6 3 .0 2 6 6 .3 2 6 7 .3 2 6 8 .4 2 6 9 .6 2 6 5 .4 2 6 0 .6 N o n d u r a b le s le s s fo o d a n d a p p a r e l ............................................................. 2 6 5 .0 2 6 8 .4 2 6 9 .3 2 7 0 .6 2 7 1 .7 3 0 4 .2 2 9 6 .5 3 0 2 .1 3 0 6 .7 3 0 8 .4 3 1 0 .4 3 1 0 .9 3 0 5 .5 N o n d u r a b e s .................................................................................................................. 2 9 7 .4 3 0 3 .5 3 0 8 .2 3 0 9 .9 3 1 2 .1 3 1 2 .7 2 7 5 .5 2 7 4 .4 2 7 7 .3 2 7 9 .3 2 7 9 .7 2 8 0 .3 2 8 1 .0 2 7 6 .5 2 7 5 .3 2 7 8 .4 2 8 0 .4 2 8 0 .8 2 8 1 .4 2 8 2 .1 3 3 8 .1 S e r v ic e s le s s r e n t o f s h e lt e r ( 1 2 /8 2 = 1 0 0 ) ....................................... 1 0 1 .3 1 0 1 .6 1 0 2 .2 1 0 2 .7 3 3 4 .1 3 3 2 .7 3 3 4 .5 3 3 6 .0 3 3 7 .4 3 3 8 .9 3 3 9 .9 3 3 5 .6 D o m e s tic a lly p r o d u c e d f a r m f o o d s ....................................... 3 3 2 .0 3 3 3 .0 3 3 3 .5 3 3 4 .9 3 3 6 .1 2 6 8 .4 2 6 8 .4 2 6 9 .9 2 7 0 .6 2 6 9 .6 2 6 9 .6 2 6 9 .2 2 6 7 .4 S e le c te d b e e f c u t s ..................................................................................................... 267 6 2 6 9 .0 2 6 9 .6 2 6 8 .7 2 6 8 .5 2 8 0 .8 2 7 2 .6 2 7 9 .4 2 8 1 .5 2 7 8 .5 2 7 5 .8 2 7 0 .5 2 8 1 .9 2 7 4 .0 2 8 0 .7 2 8 3 .0 2 7 9 .8 2 7 7 .2 2 7 1 .6 4 2 4 .5 3 9 9 .9 4 1 0 .0 4 2 1 .3 4 2 7 .3 4 3 0 .1 4 2 9 .8 4 2 6 .1 399 8 4 1 0 .8 4 2 2 .1 4 2 8 .1 4 3 0 .9 4 3 0 .7 4 3 6 .6 3 8 8 .3 4 0 3 .2 4 1 6 .3 4 2 0 .7 4 2 3 .4 4 2 3 .7 ............................................................................................ 4 3 7 .3 3 8 8 .7 4 0 4 .3 4 1 7 .3 4 2 1 .7 4 2 4 .5 4 2 4 .9 282 7 2 8 5 .6 2 8 7 .0 2 8 7 .6 2 8 8 .2 2 8 9 .2 2 9 0 .3 A ll it e m s le s s f o o d a n d e n e r g y .................................................... 2 8 1 .5 2 8 4 .4 2 8 5 .6 2 8 6 .1 2 8 6 .5 2 8 7 .4 2 7 9 .8 2 8 8 .8 2 8 2 .6 2 8 4 .0 2 8 4 .7 2 8 5 .5 2 8 6 .8 2 8 8 .2 2 7 8 .7 2 8 1 .6 2 8 2 .6 2 8 3 .2 2 8 3 .8 2 8 4 .9 2 3 3 .6 2 3 9 .1 2 8 6 .6 2 4 0 .2 2 4 0 .8 2 4 1 .5 2 4 2 .7 2 4 4 .2 2 3 2 .8 2 4 0 .0 241 2 2 4 2 .3 2 4 2 .9 2 4 3 .8 2 4 5 .1 S e r v ic e s le s s m e d ic a l c a r e E n e rg y 1 ............................................................................... .................................................................................................................. E n e r g y c o m m o d it ie s 1 ....................................................................................... A ll it e m s le s s e n e r g y C o m m o d itie s le s s f o o d a n d e n e r g y ................................... S e r v ic e s le s s e n e r g y ...................................................................... P u r c h a s in g p o w e r o f t h e c o n s u m e r d o lla r , 1 9 6 7 = $1 S e e f o o t n o t e s a t e n d o f t a b le . 98 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 0 3 .1 1 0 3 .5 2 6 8 .0 3 3 3 .6 3 3 3 .1 3 3 4 .8 3 3 5 .6 3 3 6 .4 337 9 3 3 9 .3 3 3 4 .7 3 3 1 .9 3 3 2 .7 3 3 2 .6 3 3 3 .2 3 3 4 .5 3 3 6 .8 $ 0 .3 4 2 $ 0 .3 4 1 $ 0 .3 3 8 $ 0 .3 3 7 $ 0 .3 3 5 $0 334 $ 0 .3 3 3 $ 0 .3 4 2 $ 0 ,3 4 1 $ 0 ,3 3 9 $ 0 ,3 3 7 $ 0 ,3 3 6 $ 0 ,3 3 5 $ 0 ,3 3 4 20. C ontinued— C onsum er Price In dex— U.S. city average [1967 = 100 unless otherwise specified) All U rban C onsu m ers G en eral su m m a ry 1982 Aug U rban W a g e E arn ers and C le ric a l W o rk e rs 1983 M a r. Apr. M ay 1983 June July Aug. A ug. M a r. A pr. M ay Ju n e July Aug. 2 8 5 .0 2 8 5 .0 2 8 5 .1 FOOD AN D BEVERAGES 2 7 9 .9 283 2 2 8 4 .6 2 8 5 .0 2 8 4 .7 2 8 4 .7 2 8 4 .9 2 8 3 .5 284 9 Food 2 8 7 .4 2 9 0 .5 2 9 1 .9 2 9 2 .4 2 9 2 .0 2 9 2 .0 2 9 2 .2 2 8 7 .5 2 9 0 .7 2 9 2 .1 2 9 2 .6 2 9 2 .2 2 9 2 .1 2 9 2 .2 2 8 0 .8 2 8 1 .9 2 8 3 .4 2 8 3 .8 2 8 3 .0 2 8 2 .8 2 8 2 .5 2 7 9 .8 2 8 1 .2 2 8 2 .5 2 8 2 .9 2 8 2 .1 2 8 1 .8 2 8 1 .5 2 9 1 .0 2 9 2 .3 2 9 2 .5 Food at hom e ................................................................................................................................................ C e r e a ls a n d b a k e r y p r o d u c t s ................................................................................................ 2 8 4 .8 2 8 9 .8 2 9 1 .1 2 9 1 .7 2 9 2 .4 2 9 3 .7 2 9 4 .0 2 8 3 .4 2 8 8 .5 2 8 9 .6 2 9 0 .2 ................................................ 1 5 4 .5 1 5 5 .0 1 5 6 .1 1 5 7 .0 1 5 7 .9 1 5 8 .3 1 5 8 .6 1 5 5 .5 1 5 5 .8 1 5 6 .9 1 5 7 .7 1 5 8 .7 1 5 9 .2 1 5 9 .5 1 0 0 ) .............................. 1 4 1 .6 1 3 9 .4 1 4 0 .2 1 4 1 .3 1 4 2 .2 1 4 2 .8 1 4 3 .9 1 4 2 .1 1 3 9 .9 1 4 0 .4 1 4 1 .7 1 4 2 .7 1 4 3 .3 1 4 4 .6 ....................................................................................... 1 6 6 .5 1 7 1 .3 1 7 3 .8 1 7 5 .7 1 7 6 .4 1 7 6 .7 1 7 7 .2 1 6 8 .6 1 7 3 .5 1 7 5 .9 1 7 7 .8 1 7 8 .5 1 7 8 .8 1 7 9 .5 1 4 7 .7 C e r e a ls a n d c e r e a l p r o d u c ts ( 1 2 /7 7 = 100) F lo u r a n d p r e p a r e d f lo u r m ix e s ( 1 2 /7 7 = C e re a l ( 1 2 / 7 7 = 100) R ic e , p a s ta , a n d c o r n m e a l ( 1 2 /7 7 = ....................................... 1 4 9 .3 1 4 6 .0 1 4 5 .8 1 4 4 .8 1 4 6 .2 1 4 6 .5 1 4 5 .6 1 5 0 .5 1 4 7 .0 1 4 6 .8 1 4 5 .8 1 4 7 .3 1 0 0 ) ............................................................................... 1 4 9 ,4 1 5 2 .8 1 5 3 .3 1 5 3 .5 1 5 3 .7 1 5 4 .4 1 5 4 .5 1 4 8 .1 1 5 1 .6 1 5 2 .0 152 2 1 5 2 .4 1 5 3 .2 1 5 3 .3 W h it e b r e a d .................................................................................................................. 2 4 6 .6 2 5 2 .0 2 5 2 .1 2 5 2 .6 c 2 5 3 .1 2 5 4 .3 2 5 3 .1 2 4 2 .5 2 4 7 .8 2 4 7 .6 2 4 8 .2 2 4 8 .8 249 9 2 4 8 .7 1 0 0 ) .......................................................................... 1 4 6 .2 1 4 9 .0 1 4 8 .8 1 4 9 .7 1 4 9 .8 1 4 9 .5 1 5 0 .1 1 4 8 .2 1 5 1 .1 1 5 0 .7 1 5 1 .8 1 5 1 .8 1 5 1 .6 1 5 2 .2 B a k e r y p r o d u c ts ( 1 2 /7 7 = O th e r b r e a d s ( 1 2 /7 7 = 100) 1 4 6 .8 F r e s h b is c u its , r o lls , a n d m u ff in s ( 1 2 /7 7 = 100) ...................... 1 5 0 .5 1 5 2 .0 1 5 2 .5 1 5 2 .0 1 5 1 .7 1 5 3 .2 1 5 3 .4 1 4 6 .6 1 4 8 .0 1 4 8 .4 1 4 7 .9 1 4 8 .0 1 4 9 .6 1 4 9 .6 F r e s h c a k e s a n d c u p c a k e s ( 1 2 /7 7 = ....................................... 1 4 9 .5 1 5 3 .8 1 5 4 .9 1 5 4 .7 1 5 4 .6 1 5 5 .4 1 5 4 .9 1 4 7 .6 1 5 2 .1 1 5 3 .3 1 5 3 .0 1 5 2 .9 1 5 3 .6 1 5 3 .3 ................................................................................... 1 4 9 .6 1 5 5 .1 1 5 6 .8 1 5 6 .1 1 5 5 .7 1 5 7 .0 1 5 7 .6 1 5 0 .6 1 5 6 .0 1 5 7 .6 1 5 6 .8 1 5 6 .4 1 5 7 .9 1 5 8 .5 1 4 1 .3 1 4 6 .0 1 4 7 .2 1 4 7 .9 1 4 9 .5 1 5 0 .3 1 5 1 .4 1 4 2 .6 1 4 7 .3 1 4 8 .7 1 4 9 .5 1 5 1 .0 1 5 1 .8 1 5 2 .8 1 4 8 .9 1 5 4 .2 1 5 3 .7 1 5 4 .0 1 5 3 .7 1 5 4 .1 155 3 1 5 1 .5 1 5 6 .9 1 5 6 .2 1 5 6 .7 1 5 6 .6 1 5 6 .9 1 5 8 .0 1 5 6 .6 1 5 6 .2 1 5 7 .1 1 5 7 .4 1 5 8 .8 1 5 9 .4 1 5 9 .4 1 4 9 .5 1 4 9 .4 1 5 0 .2 1 5 0 .5 1 5 2 .0 1 5 2 .5 1 5 2 .5 C o o k ie s ( 1 2 /7 7 = 100) 100) C r a c k e r s , b r e a d , a n d c r a c k e r p r o d u c ts ( 1 2 / 7 7 = 100) F re s h s w e e t r o lls , c o ffe e c a k e , a n d d o n u t s ( 1 2 /7 7 = . . . 100) . . F r o z e n a n d r e fr ig e r a te d b a k e r y p r o d u c ts a n d f r e s h p ie s , t a r t s , a n d t u r n o v e r s ( 1 2 /7 7 = M e a ts , p o u ltr y , f is h , a n d e g g s 100) . . . . ............................................................................................ M e a ts , p o u ltr y , a n d f i s h ................................................................................................ M e a ts .......................................................................................................................... Beef and veal ......................................................................................................... 2 6 5 .4 2 6 4 .2 2 6 4 .2 2 6 3 .8 2 6 1 .5 2 6 0 .4 2 5 8 .8 2 6 5 .1 2 6 4 .0 2 6 3 .9 2 6 3 .6 2 6 1 .3 2 6 0 .1 258 4 2 7 3 .7 2 7 1 .4 2 7 1 .4 2 7 0 .5 2 6 8 .7 2 6 7 .2 2 6 5 .0 2 7 3 .3 2 7 1 .1 2 7 1 .0 2 7 0 .2 2 6 8 .3 2 6 6 .8 2 6 4 .4 2 7 6 .5 2 7 2 .8 2 7 3 .3 2 7 2 .7 2 7 0 .2 2 6 7 .8 2 6 4 .2 2 7 5 .8 2 7 2 .4 2 7 2 .9 2 7 2 .1 2 6 9 .7 2 6 7 .3 2 6 3 .7 2 8 0 .5 2 7 2 .8 2 7 9 .4 2 8 1 .3 2 7 8 .6 2 7 5 .8 2 7 0 .7 2 8 0 .8 2 7 3 .5 2 8 0 .0 2 8 2 .0 2 7 9 .2 2 7 6 .5 2 7 1 .1 G r o u n d b e e f o t h e r t h a n c a n n e d ......................................................... 2 6 8 .1 2 6 3 .6 2 6 7 .0 2 6 6 .9 2 6 4 .5 2 6 1 .4 2 5 6 .5 2 6 9 .0 2 6 4 .7 2 6 8 .0 2 6 8 .3 2 6 5 .7 2 6 2 .7 C hucK ro a s t .................................................................................................... 2 8 9 .7 2 8 4 .8 2 9 1 .2 2 8 9 .5 2 7 7 .4 2 7 7 .6 2 7 2 .4 2 9 8 .9 2 9 3 .0 3 0 0 .2 2 9 8 .8 2 8 5 .7 2 8 6 .3 2 8 0 .6 R o u n d r o a s t ..................................................................................................... 2 4 5 .0 2 3 9 .9 2 5 1 .1 2 4 9 .6 2 4 5 .6 2 4 0 .7 2 3 2 .4 2 4 7 .9 2 4 2 .8 2 5 4 .0 2 5 2 .3 2 4 9 .1 2 4 3 .8 2 3 5 .0 R o u n d s t e a k ............................................................................................ 2 6 3 .4 2 5 7 .9 2 6 3 .9 2 6 8 .8 2 6 2 .1 2 5 7 .8 2 5 0 .3 2 6 1 .1 2 5 7 .1 2 6 2 .0 2 6 7 .7 2 6 0 .5 2 5 6 .5 2 4 8 .5 S ir lo in s t e a k ..................................................................................................... 2 8 5 .5 2 6 2 .8 2 7 4 .8 2 8 4 .3 2 8 6 .1 2 8 5 .2 2 8 0 .9 2 8 6 .8 2 8 5 .9 2 8 7 .5 2 8 7 .5 2 8 1 .8 O th e r b e e f a n d v e a l (1 2 /7 7 = 1 6 9 .7 1 6 4 .4 1 6 8 .3 1 7 0 .2 1 7 0 .5 1 6 8 .8 1 6 6 .6 1 6 8 .0 1 6 3 .0 1 6 6 .8 1 6 8 .6 1 6 9 .1 1 6 7 .4 1 6 5 .1 2 6 8 .2 2 7 1 .1 2 6 2 .1 2 5 7 .3 2 5 4 .1 2 5 1 .2 2 4 9 .6 2 6 7 .6 2 7 0 .4 2 6 1 .7 2 5 6 .8 253 9 2 5 0 .8 2 4 9 .3 2 6 7 .4 2 6 7 .3 2 6 4 .7 3 0 0 .4 2 9 3 .1 2 8 1 .4 2 7 6 .8 2 7 1 .9 2 7 1 .6 2 6 8 .8 2 3 2 .9 2 3 2 .4 2 4 6 .3 2 4 4 .7 2 3 9 .7 2 3 5 .9 2 3 2 .5 2 3 1 .1 2 3 0 .5 100) ............................................ P o r k ............................................................................................ 2 6 4 .5 2 7 6 .0 2 5 8 .0 B acon ......................................................................................................... 2 9 5 .6 2 8 8 .7 276 6 2 7 2 .5 C hops .................................................................................................................. 2 4 8 .0 2 4 6 .4 2 4 1 .8 2 3 7 .7 1 0 0 ) ................................... 1 1 6 .8 1 2 5 .6 1 1 6 .7 1 1 2 .0 1 1 0 .3 1 0 8 .3 1 0 9 .6 1 1 3 .8 1 2 2 .4 1 1 3 .9 1 0 9 .3 1 0 7 .5 1 0 5 .5 1 0 6 .8 3 3 2 .2 3 3 6 .9 3 3 2 .5 3 3 0 .6 3 2 6 .5 3 1 8 .9 3 1 3 .9 3 3 3 .5 3 3 7 .0 3 3 3 .1 3 3 1 .1 327 3 3 2 0 .0 3 1 5 .3 2 5 7 .6 2 7 7 .3 2 7 2 .0 2 6 6 .6 2 6 0 .9 2 5 6 .8 2 5 4 .0 2 6 1 .1 2 8 2 .2 2 7 7 .1 2 7 1 .6 2 6 6 .4 2 6 2 .6 2 5 9 .8 H a m o t h e r t h a n c a n n e d ( 1 2 /7 7 = Sausage ................................................................................................. C a n n e d h a m ...................... O th e r p o r k ( 1 2 / 7 7 = O th e r m e a ts ............................................................. 100) ......................................................... ..................................................................................................... F r a n k fu r te r s ................................................................................... B o lo g n a , liv e r w u r s t , a n d s a la m i ( 1 2 /7 7 = O t h e r lu n c h m e a t s ( 1 2 /7 7 = 100) 100) . . . . ................................... L a m b a n d o r g a n m e a ts ( 1 2 /7 7 = 100) . . . . P o u l t r y ...................................................................... F re s h w h o le c h i c k e n ................................................ F re s h a n d fr o z e n c h ic k e n p a r ts ( 1 2 / 7 7 = 1 0 0 ) .................. 1 0 0 ) ................................................ O th e r p o u l t r y ( 1 2 /7 7 = F is h a n d s e a f o o d ..................................................... C a n n e d f is h a n d s e a fo o d ............................................ F re s h a n d fr o z e n f is h a n d s e a fo o d ( 1 2 /7 7 = 100) . . . 2 3 4 .3 1 5 0 .8 1 4 8 .1 1 4 3 .5 1 4 1 .4 1 4 1 .7 1 4 0 .0 1 3 8 .4 1 5 0 .0 1 4 7 .3 1 4 2 .8 1 4 0 .6 1 4 1 .1 1 3 9 .3 1 3 7 .8 2 7 2 .8 2 6 9 .7 2 6 8 .6 2 6 7 .7 2 6 7 .4 2 6 6 .9 2 6 4 .6 2 7 2 .3 269 3 2 6 8 .3 2 6 7 .3 2 6 6 .9 2 6 6 .6 2 6 4 .4 2 7 5 .6 2 7 0 .8 2 6 7 .4 2 6 6 .7 2 6 5 .8 2 6 5 .9 2 6 6 .7 2 7 4 .9 2 7 0 .1 2 6 6 .4 2 6 5 .2 2 6 4 .9 2 6 4 .9 2 6 5 .9 1 5 7 .5 1 5 5 .2 1 5 4 .4 1 5 4 .2 1 5 5 .6 1 5 4 .0 1 5 3 .3 1 5 3 .2 1 5 7 .6 1 5 5 .1 1 5 4 .3 1 5 4 .1 1 5 5 .6 1 5 4 .1 1 3 8 .3 1 3 9 .0 1 3 9 .7 1 3 7 .7 1 3 6 .6 1 3 7 .1 1 3 6 .4 1 3 6 .1 1 3 7 .0 1 3 7 .7 1 3 5 .8 1 3 4 .6 1 3 5 .2 1 3 4 .5 1 4 2 .3 1 3 8 .2 1 3 7 .0 1 3 9 .1 1 3 9 .3 1 3 8 .4 1 3 3 .8 1 4 5 .6 1 4 0 .9 1 4 0 .0 1 4 2 .2 1 4 2 .3 1 4 1 .6 1 3 6 .6 1 9 6 .2 1 9 3 .7 1 9 1 .0 1 9 2 .0 1 9 3 .6 1 9 8 .1 2 0 0 .5 1 9 4 .4 1 9 1 .6 1 8 9 .0 1 9 0 .1 1 9 1 .8 1 9 6 .1 1 9 8 .5 200.0 1 9 3 .8 1 9 0 .7 1 8 4 .5 1 8 7 .7 1 9 2 .1 1 9 8 .7 2 0 2 .1 1 9 1 .8 1 8 8 .4 1 8 2 .3 1 8 5 .7 1 9 0 .4 1 9 6 .6 1 2 8 .2 1 2 6 .6 1 2 5 .7 1 2 6 .6 1 2 6 .3 1 2 9 .6 1 3 1 .7 1 2 6 .5 1 2 5 .1 1 2 4 .2 1 2 4 .9 1 2 4 .7 1 2 7 .7 1 2 9 .9 1 2 7 .7 1 2 6 .6 1 2 7 .2 1 2 5 .4 1 2 5 .3 1 2 6 .0 1 2 5 .7 127.4 125.6 1 2 6 .6 124.9 124.7 125 3 1 2 5 .1 3 6 7 .6 3 8 0 .1 3 7 9 .4 3 7 2 .6 3 7 1 .2 3 6 8 .9 3 7 2 .7 3 6 5 .8 3 7 8 .9 3 7 7 .5 3 7 1 .5 3 6 9 .8 3 6 7 .3 3 7 0 .8 1 3 9 .4 1 3 8 .3 1 3 7 .9 1 3 7 .2 1 3 8 .6 1 3 5 .7 1 3 5 .9 1 3 8 .8 1 3 7 .8 1 3 7 .4 1 3 6 .8 1 3 8 .1 1 3 5 .2 1 3 5 .4 1 4 4 .8 1 4 0 .4 1 4 8 .6 1 4 8 .4 1 4 4 .7 1 4 3 .0 1 4 3 .3 1 4 5 .5 1 3 9 .7 1 4 8 .3 1 4 7 .7 1 4 4 .4 1 4 2 .5 1 4 2 .8 E g g s ................................................................................................................................................. 1 6 1 .2 1 7 5 .0 1 7 4 .9 1 8 1 .8 1 7 3 .8 1 7 7 .9 1 8 3 .7 1 6 2 .3 1 7 5 .8 1 7 5 .8 1 8 2 .7 1 7 4 .8 1 7 8 .7 1 8 4 .6 D a ir y p r o d u c ts 2 4 7 .5 2 4 9 .6 2 5 0 .1 2 5 0 .3 2 4 9 .8 2 4 9 .8 250 2 2 4 6 .8 248 9 2 4 9 .4 2 4 9 .6 2 4 9 .1 2 4 9 .0 2 4 9 .4 ......................................................... F r e s h m i lk a n d c r e a m ( 1 2 / 7 7 = 1 0 0 ) ................. 1 3 5 .4 1 3 6 .8 1 3 6 .6 1 3 6 .5 1 3 6 .3 1 3 6 .2 1 3 6 .5 1 3 4 .8 1 3 6 .3 1 3 6 .1 1 3 6 .0 1 3 5 .9 F r e s h w h o le m i l k ......................................................... 1 3 5 .7 1 3 5 .9 2 2 1 .2 2 2 3 .4 2 2 3 .5 2 2 3 .2 2 2 2 .9 222 8 2 2 3 .2 2 2 0 .3 222.6 2 2 2 .7 2 2 2 .3 222.1 O t h e r f r e s h m ilk a n d c r e a m ( 1 2 / 7 7 = 222.0 2 2 2 .3 1 3 6 .0 1 3 7 .7 1 3 6 .7 1 3 6 .8 1 3 6 .8 1 3 6 .4 1 3 6 .8 1 3 5 .5 1 3 7 .1 1 3 6 .1 1 3 6 .3 1 3 6 .3 1 3 5 .8 1 3 6 .2 100) P r o c e s s e d d a ir y p r o d u c t s ................................... 1 4 6 .3 1 4 7 .2 1 4 8 .1 1 4 8 .6 1 4 8 .1 1 4 8 .2 1 4 8 .4 1 4 6 .6 1 4 7 .4 1 4 8 .4 1 4 8 .8 B u t t e r ..................................................... 1 4 8 .3 1 4 8 .5 1 4 8 .6 2 5 2 .1 2 5 3 .5 253 9 2 5 4 .4 2 5 2 .7 2 5 3 .3 2 5 4 .2 2 5 4 .6 2 5 6 .1 2 5 6 .5 256 9 2 5 5 .4 C h e e se (1 2 /7 7 = 2 5 5 .8 2 5 6 .8 1 4 4 .8 1 4 5 .5 1 4 6 .5 1 4 6 .5 1 4 6 .0 1 4 6 .9 1 4 6 .4 1 4 5 .1 1 4 5 .8 1 4 6 .8 1 4 6 .8 1 4 6 .3 1 4 7 .3 1 4 6 .7 100) ............................... Ic e c r e a m a n d r e la te d p r o d u c ts ( 1 2 /7 7 = O t h e r d a ir y p r o d u c ts ( 1 2 / 7 7 = F r u it s a n d v e g e ta b le s . 100) 100) . . . . .......................... F re s h f r u i t s a n d v e g e ta b le s . . . . F re s h f r u i t s ........................... A p p le s ..................................................... Bananas ............................... O ra n g e s ....................................... O th e r f r e s h f r u i t s ( 1 2 /7 7 = 100) . F re s h v e g e t a b l e s ...................... P o ta to e s ........................................ L e t t u c e ................................................ T o m a to e s ............................... O th e r f r e s h v e g e ta b le s ( 1 2 / 7 7 = P r o c e s s e d f r u i t s a n d v e g e ta b le s P ro c e s s e d f r u its ( 1 2 /7 7 = 100) . . . 100) F r o z e n f r u i t a n d f r u i t ju ic e s ( 1 2 /7 7 = 100) F r u it ju ic e s o t h e r t h a n fr o z e n ( 1 2 /7 7 = C a n n e d a n d d r ie d f r u i t s ( 1 2 /7 7 = P r o c e s s e d v e g e ta b le s ( 1 2 /7 7 = F ro z e n v e g e ta b le s ( 1 2 /7 7 = https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100) 100) . . 100) . 100) . 1 5 0 .6 1 5 0 .7 1 5 2 .0 1 5 3 .6 1 5 4 .0 1 5 1 .6 1 5 2 .5 1 4 9 .6 1 4 9 .8 1 5 1 .1 1 5 2 .7 1 5 3 .0 1 5 0 .7 1 5 1 .5 1 4 0 .7 1 4 3 .9 1 4 4 .5 1 4 4 .6 1 4 3 .1 1 4 4 .5 1 4 5 .9 1 4 1 .6 1 4 4 .6 1 4 5 .3 1 4 5 .3 1 4 3 .7 1 4 5 .1 1 4 6 .5 2 9 1 .4 2 8 6 .9 2 9 4 .9 2 9 8 .2 2 9 8 .2 2 9 8 .7 2 9 9 .4 2 8 6 .7 2 8 2 .9 2 9 1 .1 2 9 4 .5 2 9 4 .5 2 9 4 .7 2 9 5 .1 3 0 4 .3 296 9 2 8 8 .6 3 0 4 .3 3 1 1 .0 3 1 0 .9 3 1 0 .6 3 1 0 .7 2 8 9 .7 2 8 3 .0 298 9 3 0 5 .5 3 0 5 .4 3 0 4 .8 3 3 6 .1 2 8 2 .8 2 9 1 .9 3 0 0 .6 3 1 0 .5 3 2 6 .5 3 2 8 .9 3 2 3 .2 2 7 2 .5 2 8 2 .2 2 9 0 .6 2 9 9 .7 3 1 5 .3 3 1 7 .5 3 1 4 .5 2 4 9 .3 2 5 9 .9 2 6 6 .4 2 8 1 .9 2 8 7 .5 3 1 0 .0 3 1 6 .7 2 4 9 .6 2 6 0 .5 2 6 6 .8 2 8 3 .4 2 8 8 .8 3 1 1 .9 2 3 3 .7 2 5 7 .1 2 9 5 .1 3 1 2 .5 3 1 8 .1 3 2 5 .2 2 9 1 .0 2 3 1 .3 2 5 4 .6 2 9 3 .0 3 1 1 .1 3 1 6 .7 3 2 3 .1 2 9 0 .7 4 7 3 .0 2 9 9 .1 3 0 1 .3 2 9 7 .2 3 0 9 .1 3 4 7 .9 3 5 9 .8 4 3 3 .5 2 7 2 .7 2 7 4 .4 2 7 0 .2 2 8 0 .1 3 2 1 .5 329 9 1 6 3 .9 1 5 4 .4 1 5 5 .8 1 6 2 .4 1 6 6 .3 1 7 3 .3 1 7 3 .2 1 5 8 .1 1 4 9 .0 1 5 0 .9 156 9 1 6 0 .0 1 6 6 .6 2 6 0 .2 2 9 4 .0 3 1 6 .0 3 2 0 .8 3 1 1 .3 2 9 5 .8 2 9 3 .8 2 5 9 .6 2 9 2 .5 3 1 4 .0 3 1 9 .2 3 1 0 .8 2 9 5 .5 2 9 2 .5 3 2 8 .1 2 4 1 .1 2 5 8 .7 2 8 2 .3 3 0 4 .7 3 2 0 .7 3 4 2 .2 3 2 3 .4 2 3 6 .1 2 5 3 .3 2 7 7 .3 3 0 1 .3 3 1 8 .2 3 3 8 .2 1 6 6 .3 2 4 6 .3 2 4 7 .9 3 1 6 .0 3 4 0 .9 2 8 0 .5 2 9 3 .9 2 4 7 .5 2 4 6 .6 3 1 1 .6 3 3 8 .0 3 6 0 .8 2 8 0 .6 2 9 4 .2 1 9 4 .3 3 5 2 .2 3 2 7 .5 3 0 7 .8 2 6 2 .3 2 4 3 .1 2 0 0 .5 1 9 8 .2 3 5 8 .1 3 3 2 .1 3 1 3 .2 2 6 7 .1 2 4 7 .3 2 0 4 .0 1 3 8 .3 1 7 5 .8 1 8 6 .9 1 8 4 .1 1 6 9 .4 1 6 7 .6 1 6 3 .6 1 3 7 .8 1 7 4 .9 1 8 6 .4 1 8 3 .4 1 6 9 .5 1 6 7 .3 1 6 2 .5 287 6 2 8 7 .1 2 8 6 .7 2 8 6 .9 2 8 8 .2 2 8 9 .5 2 8 5 .9 2 8 5 .3 2 8 4 .8 2 8 4 .6 2 8 4 .7 2 8 5 .9 2 8 7 .4 1 5 1 .0 2 8 8 .0 3 6 3 .5 1 4 8 .7 1 5 1 .3 1 5 0 .6 1 5 0 .3 1 4 9 .7 1 5 0 .6 1 5 0 .7 1 4 8 .2 1 5 0 .2 1 5 0 .0 1 4 9 .3 1 5 0 .2 150 4 1 4 2 .8 1 4 5 .0 1 4 3 .9 1 4 2 .3 1 4 0 .0 1 4 0 .6 1 4 1 .1 1 4 1 .7 1 4 4 .1 1 4 3 .0 1 4 1 .4 1 3 9 .0 1 3 9 .8 1 4 0 .3 1 5 3 .0 156 6 1 5 5 .7 1 5 5 .7 1 5 5 .1 1 5 6 .4 1 5 5 .6 1 5 1 .9 1 5 5 .6 1 5 4 .6 1 5 4 .7 1 5 4 .0 1 5 5 .4 1 5 4 .7 1 4 8 .9 1 5 1 .0 1 5 0 .8 1 5 1 .3 1 5 2 .0 1 5 2 .6 1 5 3 .5 1 4 9 .6 1 5 1 .5 1 5 1 .4 1 5 1 .8 1 5 2 .6 1 5 3 .1 1 5 3 .8 1 4 0 .7 1 3 7 .7 1 3 8 .0 1 3 7 .9 1 3 8 .7 1 3 9 .0 1 4 0 .2 1 3 9 .6 136 6 1 3 6 .8 1 3 7 .9 1 5 1 .2 1 5 1 .4 1 5 1 .7 1 5 2 .8 1 4 9 .0 152.8 1 3 9 .1 1509 152.5 1 3 7 .5 1 4 9 .7 151.3 1 3 6 .8 1 4 7 .7 153.1 153.3 154.5 99 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Consumer Prices 20. C ontinued— C onsum er Price Index— U.S. city average [1967 = 100 unless otherwise specified] All U rban C onsum ers G e n eral su m m ary 1 982 Aug. U rban W a g e E arners and C le ric a l W o rke rs 1 983 M a r. Apr. M ay 1982 June July A ug. A ug. 198 3 M a r. Apr. M ay June July A ug. FOOD AN D BEVERAG ES— C ontinued Food— Continued F o o d a t h o m e — C o n tin u e d F r u it s a n d v e g e ta b le s — C o n tin u e d C u t c o r n a n d c a n n e d b e a n s e x c e p t lim a ( 1 2 /7 7 = O th e r c a n n e d a n d d r ie d v e g e ta b le s ( 1 2 /7 7 = 100) 100) . . . . O th e r f o o d s a t h o m e ..................................................................................................................... S u g a r a n d s w e e ts ............................................................................................................. F a ts a n d o il s ( 1 2 /7 7 = 1 3 8 .9 1 3 9 .6 1 3 8 .4 1 4 0 .5 1 4 0 .9 1 4 2 .0 1 4 1 .2 1 3 6 .4 1 3 7 .1 1 3 6 .2 1 3 8 .1 1 3 8 .6 1 3 9 .5 1 3 1 .1 1 3 0 .6 1 3 0 .8 1 3 1 .2 1 3 1 .7 1 3 2 .9 1 3 4 .2 1 2 9 .7 1 2 9 .2 1 2 9 .5 1 2 9 .8 1 3 0 .2 1 3 1 .5 3 3 9 .1 3 3 9 .2 3 3 9 .1 3 3 8 .8 3 3 8 .7 3 3 9 .1 3 3 4 .0 3 3 9 .9 3 4 0 .0 3 3 9 .8 3 3 9 .5 3 3 9 .3 3 3 9 .9 3 7 0 .1 3 7 2 .8 3 7 3 .2 3 7 3 .1 3 7 4 .5 3 7 5 .7 3 7 6 .1 3 7 5 .8 3 7 0 .3 3 7 2 .5 3 7 3 .0 3 7 2 .9 3 7 4 .1 3 7 6 .0 1 5 0 .0 1 5 0 .3 1 5 0 .8 1 5 1 .0 1 5 1 .3 1 5 1 .8 1 5 1 .6 1 5 0 .1 1 5 0 .3 1 5 0 .8 1 5 1 .0 1 5 1 .2 C1 5 1 . 8 1 0 0 ) ............................... 1 6 6 .7 1 6 6 .9 1 6 8 .3 1 6 7 .2 1 6 8 .5 1 6 9 .7 1 6 9 .7 1 6 8 .2 1 6 8 .3 1 6 9 .7 1 6 8 .7 1 6 9 .8 1 7 1 .0 1 7 1 .0 1 0 0 ) .......................................................................... 1 4 9 .6 1 5 3 .4 1 5 1 .4 1 5 2 .0 1 5 2 .5 1 5 3 .0 1 5 2 .8 1 4 7 .5 1 5 1 .0 1 4 9 .1 1 4 9 .6 1 5 0 .2 1 5 0 .8 1 5 0 .6 C a n d y a n d c h e w in g g u m ( 1 2 /7 7 = 1 0 0 ) ............................................ S u g a r a n d a r tific ia l s w e e te n e r s ( 1 2 /7 7 = O th e r s w e e t s ( 1 2 /7 7 = 1 4 3 .6 1 3 5 .6 3 3 3 .3 100) 1 5 1 .6 ................................................................................... 2 5 8 .3 2 5 8 .4 2 5 8 .6 2 5 8 .3 2 5 8 .3 2 5 9 .0 2 5 8 .1 2 5 8 .2 2 5 8 .4 2 5 8 .4 2 5 8 .2 2 5 8 .0 2 5 8 .7 2 5 7 .8 M a r g a r i n e ...................................................................................................................... 2 5 7 .9 2 5 5 .8 259 6 2 5 7 .1 2 5 9 .3 2 5 9 .5 2 5 7 .2 2 5 7 .3 2 5 4 .5 2 5 8 .1 2 5 5 .5 2 5 7 .5 2 5 7 .6 2 5 5 .1 N o n d a ir y s u b s titu t e s a n d p e a n u t b u t te r ( 1 2 /7 7 = 1 5 4 .2 1 5 1 ,4 1 5 1 .5 1 5 0 .7 1 4 9 .4 1 5 0 .5 1 4 9 .8 1 5 2 .4 1 4 9 .7 O th e r f a ts , o ils , a n d s a la d d r e s s in g s ( 1 2 /7 7 = N o n a lc o h o lic b e v e r a g e s 100) . . . 1 4 9 .9 1 4 9 .1 1 4 7 .7 1 4 8 .8 1 4 8 .1 1 0 0 ) .................. 1 2 8 .5 1 3 0 .4 1 2 9 .5 1 3 0 .2 1 3 0 .1 1 3 0 .3 1 3 0 .3 1 2 9 .0 1 3 1 .0 1 3 0 .1 1 3 0 .8 1 3 0 .7 1 3 0 .9 1 3 0 .9 ................................................................................................ 4 2 3 .8 4 3 2 .7 4 3 1 .8 4 3 1 .1 4 3 1 .0 4 2 8 .7 4 3 0 .7 4 2 5 .3 4 3 4 .5 4 3 3 .5 4 3 2 .4 4 3 2 .6 4 3 0 .3 4 3 2 .5 3 0 4 .3 3 1 4 .1 3 1 3 .1 3 1 1 .5 3 1 2 .3 3 1 0 .3 3 1 2 .4 3 0 1 .7 3 1 1 .5 3 1 0 .4 3 0 8 .5 3 0 9 .7 3 0 7 .8 3 0 9 .9 C o la d r in k s , e x c lu d in g d ie t c o la ................................................................. C a r b o n a te d d r in k s , in c lu d in g d ie t c o la ( 1 2 /7 7 = 100) . . . . 1 4 4 .8 1 4 6 .7 1 4 6 .8 1 4 7 .3 1 4 6 .3 1 4 5 .1 1 4 6 .3 1 4 2 .6 1 4 4 .5 1 4 4 .5 1 4 4 .9 1 4 3 .9 1 4 2 .6 R o a s te d c o f f e e ............................................................................................................. 3 6 5 .5 3 6 3 .2 3 6 1 .4 3 6 0 .8 3 5 9 .3 3 5 6 .6 3 5 6 .0 3 6 0 .4 3 5 7 .9 3 5 6 .2 3 5 5 .6 3 5 4 .3 3 5 1 .7 3 5 0 .8 F re e z e d r ie d a n d in s t a n t c o f f e e ...................................................................... 3 4 4 .9 3 4 9 .2 3 4 9 .5 3 5 1 .6 3 5 2 .2 3 5 1 .4 3 5 2 .3 3 4 4 .4 3 4 8 .8 3 4 9 .0 3 5 1 .0 3 5 1 .6 3 5 0 .7 3 5 1 .5 O th e r n o n c a r b o n a te d d r in k s ( 1 2 /7 7 = 100) ................................... O th e r p r e p a r e d f o o d s ......................................................................................................... C a n n e d a n d p a c k a g e d s o u p ( 1 2 /7 7 = F ro z e n p r e p a r e d f o o d s ( 1 2 /7 7 = S n a c k s ( 1 2 /7 7 = 1 0 0 ) ....................................... 100) ................................................ 1 0 0 ) ....................................................................................... S e a s o n in g s , o liv e s , p ic k ie s , a n d r e lis h ( 1 2 /7 7 = O th e r c o n d im e n t s ( 1 2 /7 7 = 100) 1 0 0 ) ............................................................. 1 3 7 .7 . 1 4 1 .1 1 4 0 .6 1 4 0 .1 1 4 0 .5 1 4 0 .4 1 4 0 .5 1 3 7 .8 1 4 1 .3 1 4 0 .9 1 4 0 .4 1 4 0 .7 1 4 0 .7 1 4 0 .8 2 6 9 .9 2 7 6 .0 2 7 6 .9 2 7 7 .2 2 7 6 .1 2 7 6 .8 2 7 6 .9 2 7 1 .5 2 7 7 .5 2 7 8 .5 2 7 8 .8 2 7 7 .7 2 7 8 .4 2 7 8 .5 1 3 7 .9 1 4 0 .0 1 4 0 .9 1 4 1 .6 1 4 1 .6 1 4 1 .9 1 4 1 .8 1 4 0 .0 1 4 1 .9 1 4 2 .7 1 4 3 .6 1 4 3 .4 1 4 3 .7 1 4 3 .7 1 5 3 .1 1 5 3 .5 1 4 9 .1 1 5 3 .1 1 5 5 .0 1 5 4 .4 1 5 3 .8 1 5 4 .4 1-55.1 1 5 2 .2 1 5 4 .2 1 5 3 .1 1 5 7 .9 1 5 9 .2 1 6 0 .6 1 5 9 .0 1 5 9 .3 1 5 9 .3 1 5 5 .1 1 6 0 .1 1 6 1 .2 1 6 2 .7 1 6 1 .1 1 6 1 .3 1 6 1 .4 1 5 4 .1 1 6 1 .6 1 5 9 .3 1 5 9 .3 1 5 8 .6 1 5 8 .5 1 5 8 .3 1 5 3 .2 1 6 0 .4 1 5 8 .3 1 5 8 .4 1 5 7 .6 1 5 7 .5 1 5 7 .4 1 5 7 .9 1 5 1 .9 1 5 4 .9 1 5 5 .3 1 5 5 .6 1 5 5 .4 1 5 6 .1 1 5 6 .0 1 4 8 .5 1 5 3 .7 1 5 4 .2 1 5 3 .6 1 5 6 .7 1 5 7 .1 1 5 7 .4 1 5 7 .2 1 5 7 .9 1 5 0 .2 1 5 1 .7 1 5 1 .6 1 5 2 .0 1 5 1 .2 1 5 1 .6 1 5 1 .5 1 5 0 .3 1 5 1 .9 1 5 1 .8 1 5 2 .3 1 5 1 .5 1 5 1 .8 1 5 1 .8 100) . 1 4 5 .4 1 4 6 .8 1 4 7 .4 1 4 6 .2 1 4 6 .2 1 4 6 .8 1 4 6 .5 1 4 6 .8 1 4 8 .0 1 4 8 .7 1 4 7 .5 1 4 7 .6 1 4 8 .0 1 4 7 .7 .......................................................................................................................... 3 0 8 .7 3 1 6 .5 3 1 8 .0 3 1 8 .6 3 2 1 .0 3 1 1 .8 3 1 9 .7 3 2 4 .3 M i s c e lla n e o u s p r e p a r e d f o o d s ( 1 2 /7 7 = 100) ............................... O th e r c a n n e d a n d p a c k a g e d p r e p a r e d f o o d s ( 1 2 /7 7 = Food aw a y fro m h o m e . . . 1 4 4 .1 3 1 9 .3 3 1 9 .8 3 2 1 .3 3 2 1 .9 3 2 2 .5 3 2 3 .0 L u n c h ( 1 2 /7 7 = 1 0 0 ) ................................................................................................................. 1 5 0 .3 1 5 3 .7 1 5 4 ,4 1 5 4 .6 1 5 4 .9 1 5 4 .9 1 5 5 .4 1 5 2 .0 1 5 5 .3 1 5 6 .1 1 5 6 .2 1 5 6 .5 1 5 6 .5 D in n e r ( 1 2 / 7 7 = 1 0 0 ) ................................................................................................................. 1 4 8 .6 1 5 2 .0 1 5 2 .5 1 5 2 .7 1 5 3 .1 1 5 3 .4 1 5 3 .9 1 5 0 .3 1 5 3 .7 1 5 4 .2 1 5 4 .4 1 5 4 .8 1 5 5 .1 1 5 5 .6 1 5 0 .7 1 5 6 .0 1 5 7 .1 1 5 7 .9 1 5 8 .2 1 5 8 .6 1 5 9 .5 1 5 1 .3 1 5 6 .5 1 5 7 .7 1 5 8 .4 1 5 8 .7 1 5 9 .1 1 6 0 .0 2 1 0 .1 2 1 5 .1 2 1 6 .1 2 1 6 .6 2 1 7 .0 2 1 7 .2 2 1 7 .1 2 1 2 .1 2 1 7 .3 2 1 8 .5 2 1 9 .1 2 1 9 .6 2 1 9 .8 2 1 9 .7 1 3 6 .1 1 3 9 .1 1 3 9 .7 1 4 0 .0 1 4 0 .3 1 4 0 .7 1 4 0 .3 1 3 7 .4 1 4 0 .6 1 4 1 .3 1 4 1 .7 1 4 2 .0 1 4 2 .5 1 4 2 .1 2 1 0 .9 2 1 8 .6 2 2 1 .2 2 2 1 .5 2 2 2 .8 2 2 3 .6 2 2 3 .2 O th e r m e a ls a n d s n a c k s ( 1 2 /7 7 = 1 0 0 ) ...................................................................... A lc o h o lic be v e ra g e s A lc o h o lic b e v e r a g e s a t h o m e ( 1 2 /7 7 = B e e r a n d a le 100) .................................................... ....................................................................................... 1 5 7 .1 2 1 1 .9 2 1 9 .8 2 2 2 .5 2 2 2 .7 2 2 4 .1 2 2 4 .8 2 2 4 .4 W h i s k e y ....................................................................................... 1 4 9 .6 1 5 1 .3 1 5 1 .4 1 5 1 .3 1 5 1 .6 1 5 2 .1 1 5 1 .6 1 5 0 .4 1 5 1 .9 1 5 1 .9 1 5 1 .9 1 5 2 .1 1 5 2 .6 1 5 2 .1 W in e 2 3 8 .9 2 3 9 .1 2 3 6 .3 2 3 9 .1 2 3 6 .3 2 3 7 .1 2 3 4 .8 2 4 7 .1 2 4 6 .8 2 4 3 .9 2 4 7 .0 2 4 4 .1 2 4 5 .2 2 4 2 .4 1 2 0 .3 1 2 1 .5 1 2 1 .5 1 2 1 .5 1 2 2 .1 1 2 1 .7 1 2 2 .4 1 2 0 .5 1 2 1 .2 1 2 1 .3 1 2 1 .4 1 2 2 .0 1 2 1 .8 1 2 2 .4 1 4 1 .2 1 4 5 .7 1 4 6 .5 1 4 7 .0 1 4 7 .1 1 4 6 .1 1 4 7 ,3 1 4 2 .4 1 4 6 .9 1 4 7 .7 1 4 8 .2 1 4 8 .3 1 4 7 .1 1 4 8 .5 3 1 9 .2 3 2 0 .3 3 2 1 .3 3 2 2 .3 3 2 3 .1 3 2 4 .3 S h e lte r ( C P I - W ) ............................................................................................................................... 3 4 1 .1 3 4 2 .4 3 4 2 .9 3 4 3 .3 3 4 4 .1 3 4 6 .4 R e n t , r e s i d e n t i a l ............................................................................................................................................ 2 3 3 .1 2 3 4 .0 2 3 4 .6 2 3 5 .3 2 3 6 .5 2 3 7 .6 O t h e r r e n t e r s ’ c o s t s .................................................................................................................................... 3 3 9 .0 3 4 2 .3 3 4 5 .5 3 4 5 .8 3 5 0 .4 3 5 4 .0 L o d g in g w h i le o u t o f t o w n ......................................................................................................... 3 5 3 .1 3 5 8 .2 3 6 3 .0 3 6 3 .5 3 7 0 .7 3 7 5 .7 T e n a n t s ' in s u r a n c e ( 1 2 / 7 7 = 1 0 0 ) ................................................................................... 1 5 2 .6 1 5 3 .2 1 5 4 .0 1 5 3 .5 153 8 1 5 5 .4 H o m e o w n e r s h i p ............................................................................................................................................. 3 7 9 .9 3 8 1 .2 3 8 1 .9 3 8 2 .5 3 8 5 .2 ............................................................................................................................... 2 9 8 .9 3 0 1 .0 3 0 3 .9 3 0 3 .5 303 3 3 0 4 .1 F in a n c in g , ta x e s , a n d i n s u r a n c e ............................................................................................ 4 9 1 .8 4 9 2 .2 4 8 9 .1 4 9 0 .0 4 9 1 .3 4 9 6 .6 P r o p e r t y i n s u r a n c e .............................................................................................................. 4 1 9 .2 4 2 2 .3 4 2 6 .3 4 3 0 .6 4 3 0 .8 4 3 0 .8 P r o p e r t y ta x e s ....................................................................................................................... 2 3 1 .7 2 3 2 .9 233 8 2 3 4 .6 2 3 5 .1 2 3 7 .1 C o n t r a c t e d m o r t g a g e in t e r e s t c o s t s ....................................................................... 6 2 5 .7 6 2 5 .5 6 2 0 .1 6 2 0 .8 6 2 2 .5 6 2 9 .8 ................................................................................................................................... O th e r a lc o h o lic b e v e r a g e s ( 1 2 /7 7 = 1 0 0 ) ............................................................. A l c o h o lic b e v e r a g e s a w a y f r o m h o m e ( 1 2 / 7 7 = 100) ............................... HO U SIN G S h e lte r (C P I-U ) ........................................................... 3 2 0 .1 3 1 8 .6 3 2 0 .3 3 2 1 .8 3 2 3 .1 3 2 4 .5 3 2 4 .8 3 2 0 .5 3 4 4 .2 3 3 9 .3 3 4 1 .7 3 4 2 .7 3 4 3 .6 3 4 5 .3 3 4 6 .6 3 4 6 .5 101 4 101 8 R e n t e r s ’ c o s t s ............................................................................................ R e n t, r e s id e n t ia l .......................................................................... O t h e r r e n te r s ’ c o s ts H o m e o w n e rs ' c o s ts 2 ......................................................... 2 2 6 .0 2 3 3 .6 2 3 4 .5 2 3 5 .1 2 3 5 .9 2 3 7 .1 2 3 8 .2 3 3 3 .3 3 3 3 .9 3 4 0 .6 3 4 3 .7 3 4 7 .5 3 4 7 .9 3 5 2 .3 3 5 5 .8 3 5 9 .5 100 9 101 7 10? 0 .................................................... O w n e r s ’ e q u iv a le n t r e n t .............................................................................................................. 1 0 0 .8 H o u s e h o ld i n s u r a n c e ....................................................................................................................... 1 0 1 .7 1 0 1 .9 1 0 2 .2 1 0 2 .7 1 0 3 .0 1 0 1 .5 1 0 2 .0 1 0 2 .4 1 0 2 .4 1 0 2 .7 1 0 3 .5 3 3 5 .9 3 3 9 .9 3 4 3 .6 3 4 4 .3 3 4 5 .1 3 4 6 .1 3 4 7 .9 3 3 2 .5 ........................................................................................ 3 6 8 .5 3 7 6 .7 3 8 2 .8 3 8 2 .7 3 8 1 .6 3 8 3 .3 3 8 8 .6 3 6 9 .6 M a in te n a n c e a n d r e p a ir c o m m o d i t i e s ............................................................................... 2 5 8 .8 2 5 7 .7 2 5 8 .7 2 6 0 .0 2 6 2 .3 2 6 2 .6 2 6 1 .2 2 5 3 .0 M a in te n a n c e a n d r e p a ir s ....................................................................................................................... M a in te n a n c e a n d r e p a ir s e r v ic e s H o m e p u rch a se 3 8 1 .7 M o r t g a g e in t e r e s t r a t e s ........................................................................................ 2 0 7 .5 2 0 2 .4 2 0 3 .0 2 0 3 .8 2 0 5 .5 M a in te n a n c e a n d r e p a i r s .............................................................................................................. 3 3 7 .5 3 3 9 .0 3 3 9 .9 3 4 1 .0 3 4 2 .0 3 4 4 .3 M a in te n a n c e a n d r e p a ir s e r v i c e s ............................................................................... 3 7 6 .6 3 7 8 .9 3 7 9 .5 3 8 0 .0 3 8 1 .4 3 8 5 .1 M a in te n a n c e a n d r e p a ir c o m m o d i t i e s ............................................................................... 2 5 4 .2 2 5 3 .9 2 5 5 .6 2 5 7 .5 2 5 8 .0 2 5 7 .5 1 4 6 .0 1 4 5 .7 1 4 8 .1 1 4 9 .4 1 4 9 .2 1 4 7 .6 1 2 4 .1 1 2 3 .4 1 2 4 .3 1 2 4 .2 1 2 5 .8 1 2 6 .8 2 0 6 .0 P a in t a n d w a llp a p e r , s u p p lie s , t o o ls , a n d e q u ip m e n t ( 1 2 / 7 7 = 1 0 0 ) ........................................................................... L u m b e r , a w n in g s , g la s s , a n d m a s o n r y ( 1 2 /7 7 = 1 0 0 ) .................. P lu m b in g , e le c t r ic a l, h e a t in g , a n d c o o lin g s u p p lie s ( 1 2 / 7 7 = 100) ................................................................................... M is c e lla n e o u s s u p p lie s a n d e q u ip m e n t ( 1 2 / 7 7 = 100 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 0 0 ) .................. 1 3 7 .5 1 3 7 .4 1 3 8 .0 1 3 8 .8 1 3 8 .7 1 3 9 .5 1 4 2 .4 1 4 3 .1 1 4 1 .3 1 4 4 .1 1 4 3 .3 1 4 3 .3 20. C o n tinued— C onsum er Price Index— U.S. city average [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c i f i e d ] All U rban C onsu m ers G en eral s u m m ary 1982 Aug. U rban W a g e E a rn e rs an d C le ric a l W o rk e rs 198 3 M a r. Apr. M ay 1982 June July Aug. A ug. 1983 M a r. Apr. M ay June July A ug. Fuel and o th e r u tilitie s 3 5 6 .3 3 6 3 .8 3 6 3 .6 3 6 9 .3 3 7 3 .6 3 7 5 .5 3 7 5 .1 3 5 7 .7 3 6 5 .2 3 6 5 .1 3 7 0 .8 3 7 5 .5 3 7 7 .3 3 7 6 .8 F u e l s ...................................................................................................................................................................... 4 5 4 .0 4 5 9 .7 4 5 9 .2 4 6 8 .3 4 7 5 .2 4 7 7 .7 4 7 6 .5 4 5 3 .8 4 5 9 .5 4 5 9 .3 4 6 8 .2 4 7 5 .6 477 9 476 6 F u e l o il , c o a l, a n d b o t tle d g a s ................................................................................................ 6 5 9 .9 6 2 5 .3 6 1 0 .6 6 2 1 .0 6 2 0 .0 6 1 9 .3 6 1 9 .0 6 6 2 .7 6 2 7 .3 6 1 2 .8 6 2 3 .4 6 2 2 .4 6 2 1 .7 6 2 1 .5 6 8 6 .8 6 3 6 .4 6 1 8 .4 6 2 9 .6 6 2 8 .5 6 2 7 .2 6 2 6 .5 6 8 9 .1 6 3 7 .9 6 2 0 .4 6 3 1 .8 6 3 0 .7 6 2 9 .5 6 2 8 .9 ............................................................................................ 1 6 9 .2 1 8 5 .9 1 8 6 .7 1 8 8 .6 1 8 8 .6 1 8 9 .3 1 9 0 .0 1 7 0 .5 1 8 7 .0 1 8 7 .7 1 8 9 .7 1 8 9 .5 1 9 0 .2 1 9 0 .8 G a s ( p ip e d ) a n d e l e c t r i c i t y ......................................................................................................... 4 0 4 .4 4 1 8 .0 4 2 0 .5 4 2 9 .1 4 3 7 .4 4 4 0 .5 4 3 9 .1 4 0 3 .7 4 1 7 .5 4 2 0 .1 4 2 8 .5 437 4 4 4 0 .3 4 3 8 .7 F u e l o il ........................................................................................................................................ O th e r fu e ls ( 6 /7 8 = E le c tr ic it y 100) ................................................................................................................................... U t il it y ( p ip e d ) g a s ............................................................................................................. 3 3 3 .7 3 2 1 .2 3 1 9 .9 3 2 4 .7 337 4 3 4 1 .1 3 4 0 .7 3 3 3 .7 320 7 3 1 9 .3 3 2 4 .2 337 9 3 4 1 .6 3 4 1 .2 5 0 0 .6 5 6 8 .3 5 7 8 .3 5 9 3 .9 5 9 1 .8 5 9 3 .0 5 8 9 .8 4 9 7 .5 5 6 5 .9 5 7 6 .5 5 9 1 .0 5 8 8 .8 5 8 9 .5 5 8 5 .8 2 0 2 .4 2 1 1 .4 2 1 1 .7 2 1 4 .2 2 1 4 .8 2 1 5 .9 H O U S IN G Fuel and o th e r u tilitie s O th e r u t ili t i e s a n d p u b lic s e r v ic e s ................................................................................................ T e le p h o n e s e r v i c e s .......................................................................................................................... L o c a l c h a rg e s ( 1 2 /7 7 = 1 0 0 ) ................................................................................... 2 1 2 .5 2 1 3 .2 2 0 3 .1 212 2 2 1 2 .5 2 1 3 .4 2 1 4 .1 2 1 5 .3 1 6 4 .2 1 7 2 .1 1 7 1 .9 1 7 2 .8 1 7 3 .4 1 7 3 .8 1 7 3 .9 1 6 4 .6 1 7 2 .5 1 7 2 .4 1 7 3 .2 1 7 3 .9 1 7 4 .3 1 3 2 .5 1 4 0 .3 139 9 1 4 0 .9 1 4 1 .8 1 4 1 .8 1 4 2 .1 1 3 2 .9 1 4 0 .6 1 4 0 .3 1 4 1 .3 1 4 2 .2 1 4 2 .3 1 4 2 .6 1 1 9 .7 1 2 1 .8 1 2 1 .8 1 2 1 .8 1 2 1 .8 1 2 1 .9 1 2 1 .9 1 2 0 .1 1 2 2 .2 1 2 2 .3 1 2 2 .3 1 2 2 .2 1 2 2 .3 1 2 2 .4 1 7 4 .5 In te r s ta t e t o ll c a lls ( 1 2 /7 7 = 100) ...................................................................... In tr a s ta t e t o ll c a lls ( 1 2 /7 7 = 100) ...................................................................... 1 1 0 .0 1 1 6 .3 1 1 6 .6 1 1 7 .1 1 1 7 .4 1 1 8 .2 1 1 8 .3 109 6 1 1 6 .2 1 1 6 .6 1 1 7 .1 1 1 7 .4 1 1 8 .2 1 1 8 .3 W a te r a n d s e w e r a g e m a in t e n a n c e ........................................................................................ 3 3 1 .9 3 4 5 .6 3 4 7 .5 3 4 8 .2 3 4 8 .9 353 5 3 5 5 .9 334 8 3 4 9 .0 3 5 0 .8 3 5 1 .8 3 5 2 .6 3 5 7 .7 3 6 0 .2 2 3 3 .4 2 3 7 .6 2 3 9 .9 2 3 8 .4 2 3 8 .6 . 238 9 2 3 8 .0 2 3 0 .0 234 6 2 3 6 .0 2 3 5 .4 2 3 5 .5 2 3 5 .8 234 8 H o us e hold fu rn is h in g s a nd o p eratio n s H o u s e f u r n is h in g s ........................................................................................................................................ 1 9 3 .3 1 9 7 .1 1 9 8 .7 1 9 7 .6 1 9 7 .8 1 9 8 .1 1 9 6 .7 1 9 1 .3 1 9 5 .3 1 9 6 .7 1 9 5 .8 1 9 5 .9 1 9 6 .1 1 9 4 .7 T e x t ile h o u s e f u r n i s h i n g s ............................................................................................................. 2 2 0 .4 2 3 0 .3 2 2 9 .4 2 2 8 .7 2 2 6 .8 2 2 7 .3 2 2 6 .1 2 2 2 .9 2 3 4 .8 2 3 3 .6 2 3 2 .7 2 3 0 .5 2 3 1 .1 2 2 9 .6 1 3 2 .9 1 3 6 .7 1 3 4 .2 1 3 6 .2 1 3 5 .4 1 3 4 .4 133 4 1 3 4 .1 1 3 7 .9 1 3 5 .3 1 3 7 .3 1 3 6 .4 1 3 5 .6 1 3 4 .5 H o u s e h o ld lin e n s ( 1 2 / 7 7 = 100) .......................................................................... C u r ta in s , d r a p e s , s lip c o v e r s , a n d s e w in g m a te r ia ls ( 1 2 / 7 7 = 100) ........................................................................................ F u r n it u r e a n d b e d d i n g ............................................................................................ B e d ro o m fu r n itu r e ( 1 2 /7 7 = S o fa s ( 1 2 / 7 7 = 100) 100) ............................................ ................................................................. L iv in g r o o m c h a ir s a n d t a b le s ( 1 2 / 7 7 = O th e r f u r n i t u r e ( 1 2 / 7 7 = A p p lia n c e s in c lu d in g T V a n d s o u n d e q u ip m e n t T e le v is io n a n d s o u n d e q u ip m e n t ....................................... ...................................................................... T e l e v i s i o n ......................................................... S o u n d e q u ip m e n t ( 1 2 / 7 7 = H o u s e h o ld a p p lia n c e s 1 5 0 .9 1 5 2 .4 1 4 9 .4 1 4 7 .7 1 4 9 .3 1 4 9 .0 1 4 4 .7 1 5 6 .2 1 5 7 .8 1 5 4 .1 1 5 2 .1 1 5 4 .0 1 5 3 .3 2 1 5 .8 2 2 1 .6 2 2 0 .0 220 0 2 2 0 .5 2 1 7 .2 2 0 6 .9 2 1 3 .2 2 1 8 .1 2 1 6 .7 2 1 6 .5 217 6 2 1 4 .3 1 4 1 .4 1 4 8 .9 152 9 1 5 1 .9 1 5 2 .3 1 5 6 .5 1 5 1 .3 1 3 7 .3 1 4 6 .0 1 4 9 .4 1 4 8 .8 1 4 8 .9 1 5 3 .0 1 4 8 .2 1 1 7 .0 1 0 0 ) ............................................ ............................................................. 100) 142 2 2 1 0 .3 1 0 0 ) ................................................ ...................................................................... R e f r ig e r a t o r s a n d h o m e f r e e z e r s ....................................... 1 1 8 .9 1 1 8 .1 1 1 8 .0 1 1 7 .7 1 1 7 .3 1 1 7 .5 1 1 8 .9 1 1 9 .1 1 1 8 .6 1 1 8 .3 1 1 8 .0 1 1 7 .6 1 2 1 .1 1 2 2 .0 1 2 6 .2 1 2 3 .9 1 2 4 .2 123 9 1 2 3 .5 1 2 1 .4 1 2 2 .6 1 2 6 .6 1 2 4 .5 1 2 4 .9 1 2 5 .0 1 2 4 .5 1 3 7 .1 1 3 9 .7 1 4 4 .6 1 4 4 .5 1 4 3 .8 1 4 1 .1 1 3 9 .8 1 3 3 .3 1 3 6 .0 1 3 9 .8 1 3 9 .0 1 3 7 .1 1 3 5 .6 1 5 1 .3 1 5 1 .9 152 3 1 5 1 .2 1 5 1 .4 1 5 0 .9 1 5 0 .6 1 5 1 .2 1 5 1 .7 1 5 2 .4 1 5 1 .7 1 5 1 .9 1 5 1 .2 1 5 0 .8 1 0 8 .3 1 0 6 .9 1 0 7 .1 1 0 6 .1 1 0 5 .9 1 0 5 .2 1 0 5 .1 1 0 7 .5 1 0 5 .9 106 2 1 0 5 .1 1 0 5 .0 1 0 4 .3 1 0 4 .3 1 0 3 .9 1 0 1 .2 1 0 0 .9 1 0 0 .2 1 1 3 .3 1 1 3 .1 1 1 3 .6 1 1 2 .3 1 1 1 .6 1 1 0 .8 1 1 0 .6 1 1 2 .6 1 1 1 .9 1 1 2 .6 1 1 1 .3 1 1 0 .5 1 0 9 .8 1 0 9 .7 1 8 4 .1 1 8 7 .7 1 8 8 .5 . 1 8 7 .8 1 8 8 .4 1 8 8 .6 1 8 8 .0 1 8 4 .6 1 8 8 .0 188 9 188 9 1 8 9 .5 1 8 9 .0 1 8 8 .0 1 8 7 .4 1 1 8 .3 1 9 3 .3 1 9 3 .3 1 9 4 .1 1 0 0 .8 1 9 4 .0 1 0 0 .1 1 9 2 .7 1 0 0 .1 1 9 1 .4 1 0 2 .7 1 9 2 .9 9 9 .9 1 9 8 .9 1 4 0 .2 9 9 .7 199 2 9 9 .0 9 9 .6 99 0 9 9 .0 2 0 0 .3 2 0 0 .2 1 9 9 .2 1 9 7 .2 L a u n d r y e q u i p m e n t ......................................................... 1 3 7 .3 1 4 2 .5 1 4 2 .7 1 4 3 .5 1 4 4 .6 1 4 3 .0 1 4 2 .0 1 3 7 .5 1 4 2 .9 1 4 3 .6 1 4 4 .6 1 4 5 .2 1 4 3 .5 1 4 2 .8 O th e r h o u s e h o ld a p p lia n c e s ( 1 2 / 7 7 = 1 2 4 .3 1 2 4 .6 1 2 5 .4 1 2 4 .3 1 2 4 .7 125 6 1 2 5 .4 1 2 2 .7 1 2 2 .7 1 2 3 .5 1 2 2 .6 1 2 3 .2 1 2 3 .6 1 2 3 .4 1 2 2 .7 1 2 4 .2 1 2 5 .0 1 2 3 .2 1 2 3 .9 1 2 4 .0 1 2 3 .7 1 2 1 .4 1 2 2 .4 1 2 3 .3 1 2 1 .7 1 2 2 .8 1 2 2 .6 1 2 2 .1 1 2 6 .0 1 2 5 .2 1 2 6 .1 1 2 5 .5 125 7 1 2 7 .3 1 2 7 .2 1 2 4 .2 122 9 1 2 3 .8 1 2 3 .6 1 2 3 .7 1 2 4 .8 1 2 4 .8 1 3 8 .4 1 3 8 .0 1 3 9 .0 1 3 9 .7 138 9 100) S t o v e s , d is h w a s h e r s , v a c u u m s , a n d s e w in g m a c h in e s ( 1 2 / 7 7 = 1 0 0 ) ............................................ O ffic e m a c h in e s , s m a ll e le c t r ic a p p lia n c e s , a n d a ir c o n d it io n e r s ( 1 2 / 7 7 = O th e r h o u s e h o ld e q u ip m e n t ( 1 2 /7 7 = 1 0 0 ) ............................... 1 0 0 ) .................. 138 2 1 4 0 .7 1 4 0 .4 1 3 9 .9 1 4 1 .2 1 4 2 .0 1 4 1 .2 1 3 6 .0 138 6 142 9 1 4 3 .0 1 4 3 .2 1 4 3 .2 1 4 2 .2 1 4 5 .1 1 4 4 ,4 1 3 5 .4 1 3 5 .0 1 3 5 .3 1 3 5 .5 1 3 4 .3 1 3 7 .3 1 3 6 .4 1 2 9 .8 1 3 3 .9 1 3 3 .3 1 3 2 .5 1 3 3 .0 1 3 3 .6 1 3 2 .3 1 2 5 .1 1 2 9 .2 1 2 8 .3 128 3 128 8 1 2 9 .3 1 2 8 .3 1 4 3 .8 1 4 6 ,4 1 4 5 .5 1 4 5 .1 1 4 9 .2 1 4 9 .1 1 4 8 .7 1 4 0 .0 1 4 2 .6 142 0 1 4 1 .6 1 4 5 .0 1 4 4 .9 1 4 4 .4 1 3 2 .3 1 3 5 .5 135 9 1 3 5 .1 1 3 5 .0 1 3 5 .5 1 3 4 .2 1 3 7 .2 1 4 0 .9 1 4 1 .4 1 4 0 .2 1 3 9 .9 1 4 0 .4 1 3 9 .3 F lo o r a n d w in d o w c o v e r in g s , in f a n t s ', la u n d r y , c le a n in g , a n d o u t d o o r e q u ip m e n t ( 1 2 / 7 7 = C lo c k s , la m p s , a n d d e c o r it e m s ( 1 2 /7 7 = 100) 100) . . . . . . T a b le w a r e , s e r v in g p ie c e s , a n d n o n e le c tr ic k it c h e n w a r e ( 1 2 / 7 7 = 100) . . . . L a w n e q u ip m e n t , p o w e r t o o ls , a n d o t h e r h a rd w a re ( 1 2 /7 7 = H o u s e k e e p in g s u p p lie s 100) ............................................ ................................... S o a p s a n d d e t e r g e n t s ......................................................... O th e r la u n d r y a n d c le a n in g p r o d u c ts ( 1 2 /7 7 = 100) C le a n s in g a n d t o ile t t is s u e , p a p e r t o w e ls a n d n a p k in s ( 1 2 / 7 7 = S t a tio n e r y , s ta t io n e r y s u p p lie s , a n d g if t w r a p ( 1 2 /7 7 = M is c e lla n e o u s h o u s e h o ld p r o d u c t s ( 1 2 /7 7 = 100) 100) 100) 2 8 8 .7 2 9 5 .4 2 9 6 .9 2 9 6 .6 2 9 6 .3 296 8 2 9 5 .8 2 8 4 .9 2 9 2 .2 2 9 3 .9 2 9 3 .6 2 9 3 .2 2 9 3 .5 292 7 2 7 9 .4 2 9 2 .3 2 9 4 .5 2 9 4 .5 2 9 4 .9 2 9 4 .6 2 9 4 .4 2 7 5 .4 2 8 8 .1 290 4 290 6 2 9 0 .9 2 9 0 .3 2 9 0 .2 1 4 4 .6 1 4 9 .5 1 5 0 .6 1 5 0 .3 1 5 1 .5 1 5 1 .4 1 5 1 .0 1 4 3 .6 1 4 8 .3 1 4 9 .5 1 4 9 .2 150 4 1 5 0 .2 149 8 1 4 8 .5 1 4 9 .3 1 4 8 .8 1 4 8 .0 1 4 7 .3 1 4 8 .1 1 4 8 .1 1 4 8 .3 1 4 9 .1 1 4 8 .9 1 4 8 .0 1 4 7 .4 148 2 148 1 1 3 5 .4 1 3 9 .3 1 3 9 .6 1 3 9 .8 1 3 9 .9 1 4 0 .3 1 3 9 .5 1 3 8 .6 1 4 2 .3 1 4 2 .7 143 2 142 5 1 4 2 .9 142 8 1 5 0 .7 1 5 4 .4 1 5 4 .5 1 5 4 .4 1 5 4 .0 1 5 3 .9 1 5 4 .1 1 4 5 .5 1 4 9 .2 1 4 9 .2 1 4 9 .1 1 4 8 .7 148 6 148 8 1 4 5 .7 1 4 5 .0 1 4 7 .2 1 4 7 .3 1 4 5 .8 1 4 6 .6 1 4 4 .6 1 3 8 .1 1 3 8 .5 1 4 1 .4 1 4 1 .4 1 3 9 .4 1 3 9 .7 1 3 7 .8 3 1 2 .9 3 1 6 .4 3 1 7 .1 3 1 8 .0 3 1 8 .5 3 1 8 .7 3 1 9 .3 3 1 2 .2 3 1 6 .1 3 1 6 .5 3 1 7 .5 318 0 3 1 8 .3 3 1 9 .1 3 3 7 .5 3 3 7 .5 3 3 7 ,5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 3 3 7 .5 1 5 6 .1 1 6 0 .6 1 6 0 .8 1 6 1 .7 1 6 2 .3 1 6 2 .2 1 6 2 .8 1 5 6 .4 1 6 0 .7 1 6 0 .8 1 6 1 .7 162 3 162 3 163 1 1 3 7 .7 1 4 1 .5 1 4 1 .7 1 4 2 .9 1 4 3 .3 1 4 4 .0 1 4 4 .9 1 3 6 .1 1 3 9 .8 1 4 0 .0 1 4 1 .2 1 4 1 .6 1 4 2 .2 1 4 3 .1 APPAREL ANO UPKEEP 1 9 1 .8 1 9 4 .5 1 9 5 .5 1 9 6 .1 1 9 5 .6 1 9 5 .0 1 9 7 .3 1 9 0 .7 1 9 4 .0 1 9 4 .8 1 9 5 .3 1 9 4 .7 1 9 4 .0 1 9 6 .3 A p p a re l c o m m o d itie s 1 8 0 .8 1 8 2 .8 1 8 3 .7 1 8 4 .2 183 6 182 8 1 8 5 .3 1 8 0 .3 1 8 2 .9 183 5 1 8 3 .9 1 8 3 .2 1 8 2 .4 1 8 4 .7 A p p a r e l c o m m o d it ie s le s s f o o tw e a r . 1 7 6 .9 1 7 8 .9 1 7 9 .4 1 8 0 .2 1 7 9 .7 1 7 9 .3 1 8 1 .9 1 7 6 .2 1 7 8 .9 1 7 9 .4 M e n 's a n d b o y s ' .......................... 1 7 9 .8 1 7 9 .2 178 7 181 2 1 8 3 .7 1 8 6 .7 1 8 7 .8 1 8 9 .5 1 8 9 .1 1 8 8 .2 1 8 8 .3 1 8 3 .5 1 8 7 .0 1 8 7 .9 1 8 9 .7 1 8 9 .0 1 8 8 .1 115 9 1 1 7 .1 1 1 7 .9 1 1 9 .2 1 1 8 .8 1 1 8 .3 1 1 8 .5 1 1 6 .2 1 1 7 .6 1 1 8 .3 1 1 9 .9 1 1 9 .2 118 7 118 9 1 0 8 .0 1 0 9 .1 1 1 0 .3 110 9 1 1 1 .2 1 1 0 .7 1 1 1 .4 1 0 1 .2 1 0 2 .1 1 0 3 .5 1 0 3 .9 1 0 3 .9 103 3 104 4 99 1 1 0 0 .0 1 0 0 .0 1 0 1 .1 1 0 0 .7 9 8 .2 9 9 .5 1 0 0 .3 1 0 2 .2 1 0 2 .4 1 0 4 .3 103 3 100 7 101 7 1 3 8 .4 1 4 1 .4 1 4 2 .8 1 4 4 .5 1 4 4 .3 1 4 5 .3 1 4 4 .8 1 3 4 .9 1 3 7 .6 1 3 8 .6 1 4 0 .4 1 4 0 .3 141 3 140 8 1 2 1 .9 1 2 1 .7 1 2 2 .0 1 2 4 .6 1 2 2 .6 1 2 0 .9 1 2 1 .6 123 9 1 2 4 .4 1 2 5 .0 1 2 7 .6 1 2 5 .8 124 2 1 2 4 .7 L a w n a n d g a r d e n s u p p lie s ( 1 2 / 7 7 = H o u s e k e e p in g s e r v ic e s 100) ................. P o s t a g e ............................................................. M o v in g , s to r a g e , f r e i g h t , h o u s e h o ld la u n d r y , a n d d r y c le a n in g s e r v ic e s ( 1 2 / 7 7 = 1 0 0 ) ...................... A p p lia n c e a n d f u r n i t u r e r e p a ir ( 1 2 / 7 7 = M e n 's ( 1 2 / 7 7 = 100) 100) .................. S u its , s p o r t c o a t s , a n d ja c k e t s ( 1 2 / 7 7 = 100) . . C o a ts a n d j a c k e t s ................................... F u r n is h in g s a n d s p e c ia l c lo t h in g ( 1 2 /7 7 = D u n g a r e e s , je a n s , a n d t r o u s e r s ( 1 2 /7 7 = B o y s ’ (1 2 /7 7 = 100) 100) 100) ................................... C o a ts , ja c k e t s , s w e a t e r s , a n d s h ir t s ( 1 2 /7 7 = F u r n is h in g s ( 1 2 / 7 7 = 100) 100) . . . S u its , t r o u s e r s , s p o r t c o a ts , a n d ja c k e ts ( 1 2 /7 7 = W o m e n 's a n d g ir ls ' ............................... W o m e n 's ( 1 2 / 7 7 = . 1 0 0 ) .......................... S h ir t s ( 1 2 / 7 7 = 100) . . . . 100) . . 1 1 0 .5 1 1 1 .5 1 1 2 .0 1 1 3 .2 1 1 3 .0 1 1 2 .8 1 1 2 .3 1 1 6 .0 1 1 7 .4 1 1 7 .7 1 1 9 .1 118 6 118 4 1 1 8 .4 1 2 3 .2 1 2 3 .5 1 2 3 .3 1 2 3 .7 1 2 3 .0 1 2 2 .6 1 1 6 .7 1 2 1 .4 1 2 1 .5 121 4 121 6 120 9 1 8 8 .3 120 7 1 1 0 .5 1 1 5 .5 1 1 5 .2 1 1 5 .4 1 1 6 .3 1 1 4 .9 1 1 5 .4 1 1 3 .3 1 1 6 .4 1 1 5 .7 1 1 6 .1 116 6 115 5 116 2 1 3 1 .1 1 3 4 .0 1 3 4 .9 1 3 6 .1 1 3 5 .8 1 3 4 .9 1 3 4 .2 1 2 7 .2 1 2 9 .6 1 3 0 .4 1 3 1 .6 131 2 130 4 129 9 1 1 9 .5 1 2 4 .9 1 2 5 .5 1 2 4 .4 1 2 4 .7 1 2 4 .6 1 2 3 .5 1 1 7 .1 1 2 2 .3 1 2 2 .6 1 2 1 .7 121 9 121 6 120 7 1 5 9 .2 1 6 0 .0 1 6 0 .6 1 6 0 .1 1 5 9 .7 1 5 8 .8 1 6 4 .2 1 6 0 .9 1 6 2 .8 1 6 3 .1 1 6 2 .4 1 6 1 .5 160 8 165 8 1 0 5 .4 1 0 6 .2 1 0 6 .5 1 0 6 .1 1 0 6 .1 1 0 5 .5 1 0 9 .5 1 0 6 .9 1 0 8 .4 1 0 8 .3 1 0 7 .6 1 0 7 .4 107 0 111 1 C o a ts a n d j a c k e t s ....................................... 1 6 3 .0 1 7 0 .1 1 6 8 .1 1 6 4 .7 1 6 4 .7 1 6 4 .8 1 7 1 .6 1 7 1 .0 D re s s e s 1 7 8 .4 1 7 7 .1 1 7 2 .7 1 7 1 .8 1 6 9 .4 1 7 5 .3 1 5 8 .5 1 5 8 .5 1 6 1 .5 1 6 2 .7 1 6 4 .3 1 6 1 .4 1 7 1 .4 1 4 5 .9 1 4 4 .4 1 4 5 .7 1 4 6 .7 1 4 8 .8 1 4 7 .2 1 5 8 .7 ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 101 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Consumer Prices 20. C ontinued— C onsum er Price Index— U.S. city average [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] All U rban C onsu m ers G en eral s u m m ary 1 982 Aug. U rban W a g e E arners and C le ric a l W o rk e rs 198 3 M ay 1982 1983 M a r. Apr. 9 8 .3 9 8 .5 1 0 0 .1 9 8 .1 9 7 .7 9 6 .3 9 9 .4 9 9 .1 9 9 .2 1 0 1 .0 9 8 .9 98 4 9 6 .9 9 9 .7 1 2 9 .3 1 3 1 .0 1 3 1 .1 1 3 3 .0 1 3 2 .8 1 3 1 .7 1 3 3 .2 1 2 9 .0 1 3 0 .7 1 3 0 .8 1 3 2 .7 1 3 2 .4 1 3 1 .4 1 3 2 .9 June July A ug. A ug. M a r. Apr. M ay June July A ug. APP AREL A N D UPK EEP— C ontinued A p p a re l C o m m o d itie s — Continued A p p a r e l c o m m o d it ie s le s s f o o tw e a r — C o n tin u e d S e p a r a te s a n d s p o r ts w e a r ( 1 2 /7 7 = 100) ....................................... U n d e r w e a r , n ig h tw e a r , a n d h o s ie r y ( 1 2 /7 7 = S u its ( 1 2 / 7 7 G ir ls ' ( 1 2 / 7 7 = 100) ................. 1 0 0 ) ............................................................................................ 8 5 .6 8 3 .7 8 0 .5 7 7 .8 7 7 .2 8 1 .0 8 7 .3 9 9 .8 1 0 4 .7 9 9 .4 9 5 .9 93 9 9 9 .8 1 0 8 .1 1 0 0 ) ......................................................................................................... 1 0 8 .2 1 0 7 .6 1 0 8 .2 1 0 8 .4 1 0 6 .5 1 0 6 .2 1 0 7 .7 1 0 7 .4 1 0 8 .0 1 0 9 .2 1 0 9 .4 1 0 7 .4 1 0 6 .6 1 0 6 .8 1 0 0 ) ...................... 1 0 1 .4 9 8 .4 9 7 .1 9 6 .3 9 6 .3 1 0 0 .1 1 0 1 .9 9 9 .4 9 7 .6 9 8 .5 9 7 .3 9 6 .5 1 0 0 .0 9 8 .7 ....................................... 1 0 5 .8 1 0 5 .6 1 0 7 .5 1 0 8 .1 1 0 3 .5 9 9 .8 1 0 2 .0 1 0 5 .9 1 0 7 .5 1 0 9 .1 1 1 0 .3 1 0 6 .1 1 0 1 .3 1 0 2 .9 C o a ts , ja c k e t s , d r e s s e s , a n d s u it s ( 1 2 / 7 7 = S e p a r a te s a n d s p o r ts w e a r ( 1 2 / 7 7 = 100) U n d e r w e a r , n ig h tw e a r , h o s ie r y , a n d a c c e s s o r ie s ( 1 2 /7 7 = I n f a n t s ' a n d t o d d le r s ' 1 0 0 ) ...................................................................... 1 2 4 .0 1 2 6 .4 1 2 7 .8 1 2 8 .6 1 2 8 .6 1 2 7 .7 1 2 7 .8 1 2 3 .0 .................................................................................................................. 2 7 2 .4 2 8 0 .1 2 8 0 .4 2 8 0 .7 2 8 3 .0 2 8 2 .4 2 8 1 .9 2 8 3 .0 2 9 1 .1 2 9 1 .0 2 9 0 .9 2 9 3 .4 293 1 2 9 2 .3 2 1 0 .8 2 1 3 .4 2 1 4 .4 2 1 5 .0 2 1 4 .0 2 1 5 .9 2 1 6 .2 1 9 9 .5 2 0 1 .9 2 0 2 .5 203 3 2 0 3 .0 2 0 4 .6 2 0 4 .6 1 1 9 .8 O t h e r a p p a r e l c o m m o d it ie s ..................................................................................................... S e w in g m a te r ia ls a n d n o t io n s ( 1 2 /7 7 = 1 2 6 .9 1 2 7 .4 1 2 7 .5 1 2 6 .8 1 2 6 .7 ............................................ 1 2 1 .5 1 2 0 .4 1 2 1 .8 1 2 2 .9 1 2 2 .4 1 2 3 .0 1 2 1 .6 1 1 9 .6 1 1 8 .4 1 1 9 .4 1 2 0 .6 1 2 0 .5 1 2 1 .0 ................................................................. 1 4 2 .6 1 4 5 .4 1 4 5 .8 1 4 5 .9 1 4 5 .1 1 4 6 .7 1 4 7 .5 1 3 3 .3 1 3 6 .1 1 3 6 .2 1 3 6 .5 1 3 6 .2 1 3 7 .4 1 3 8 .0 F o o t w e a r ............................................................................................................................................................. 2 0 4 .4 2 0 6 .6 2 0 7 .5 2 0 8 .0 2 0 6 .8 2 0 3 .8 2 0 5 .7 2 0 4 .1 2 0 6 .1 2 0 7 .2 2 0 7 .7 2 0 6 .6 2 0 3 .7 2 0 5 .5 1 3 2 .7 1 3 4 .8 J e w e lr y a n d lu g g a g e ( 1 2 /7 7 = M e n 's ( 1 2 / 7 7 = 100) 100) 1 2 5 .6 1 0 0 ) .................................................................................................................. 1 3 0 .9 1 3 3 .2 1 3 3 .9 1 3 3 .7 1 3 3 .7 1 3 2 .8 1 3 2 .3 1 3 5 .6 1 3 5 .4 1 3 5 .5 1 3 4 .7 1 3 4 .2 B o y s ’ a n d g ir ls ' ( 1 2 / 7 7 = 1 0 0 ) ............................................................................................ 1 2 8 .7 1 3 1 .1 1 3 0 .7 1 3 1 .7 1 3 0 .7 1 2 8 .9 1 3 0 .3 1 3 1 .3 1 3 3 .2 1 3 3 .4 1 3 4 .3 1 3 3 .1 1 3 1 .0 1 3 2 .6 W o m e n 's ( 1 2 / 7 7 = ......................................................................................................... 1 2 5 .4 1 2 5 .5 1 2 6 .5 1 2 6 .9 1 2 5 .6 1 2 2 .9 1 2 5 .3 1 2 1 .1 1 2 1 .1 1 2 2 .0 122 5 1 2 1 .3 1 1 8 .9 1 2 1 .1 290 4 100) A p p a re l s e rv ic e s 2 7 7 .4 2 8 6 .7 2 8 8 .7 2 9 0 .3 2 9 0 .9 2 9 1 .8 2 9 2 .3 2 7 5 .2 2 8 4 .9 2 8 7 .1 288 6 2 8 9 .2 2 9 0 .0 .................. 1 6 5 .6 1 7 0 .8 1 7 1 .7 1 7 2 .8 1 7 3 .5 1 7 4 .1 1 7 4 .5 1 6 4 .1 1 6 9 .3 1 7 0 .3 1 7 1 .3 1 7 1 .9 1 7 2 .5 1 7 2 .9 1 0 0 ) ........................................................................................ 1 4 5 .0 1 5 0 .4 1 5 2 .0 1 5 2 .5 1 5 2 .4 1 5 2 .7 1 5 2 .7 1 4 5 .5 1 5 1 .4 1 5 3 .1 1 5 3 .7 1 5 3 .7 1 5 3 .9 1 5 3 .9 2 8 7 .4 292 3 2 9 6 .2 2 9 8 .3 3 0 0 .4 3 0 2 .4 2 9 8 .0 2 8 8 .6 2 9 3 .5 2 9 7 .5 2 9 9 .6 3 0 1 .9 3 0 4 .1 298 6 3 0 0 .8 2 0 1 .0 2 0 1 .7 L a u n d r y a n d d r y c le a n in g o t h e r t h a n c o in o p e r a te d ( 1 2 / 7 7 = O th e r a p p a r e l s e r v ic e s ( 1 2 / 7 7 = 100) T R A N SPO R TA TIO N 2 9 6 .2 P riv a te 2 9 2 .4 282 7 2 8 7 .5 2 9 1 .7 2 9 3 .8 2 9 6 .0 2 9 8 .0 2 9 5 .2 2 8 5 .0 2 8 9 .9 2 9 4 .1 2 9 6 .3 N e w c a r s ......................................................................................................................................................... 1 9 8 .7 2 0 1 .2 2 0 1 .1 2 0 1 .6 2 0 1 .6 2 0 1 .4 2 0 2 .1 1 9 8 .6 2 0 0 .9 2 0 0 .7 2 0 1 .3 2 0 1 .2 U se d c a rs G a s o lin e ......................................................................................................................................................... 304 4 3 0 9 .3 3 1 2 .7 3 1 7 .1 3 2 2 .7 3 2 9 .6 3 3 6 .8 3 0 4 .4 3 0 9 .3 3 1 2 .7 3 1 7 .1 3 2 2 .7 329 6 3 3 6 .8 3 9 8 .4 3 4 8 .6 3 6 7 .6 3 8 0 .9 3 8 6 .1 3 8 9 .3 3 8 9 .5 3 9 9 .7 3 5 0 .3 3 6 9 .3 3 8 2 .4 3 8 7 .4 3 9 0 .6 3 9 1 .0 3 1 9 .2 3 2 6 .6 3 2 7 .4 3 2 8 .7 3 2 9 .5 3 2 9 .8 3 3 1 .0 3 2 0 .0 3 2 7 .4 3 2 8 .1 3 2 9 .4 330 2 3 3 0 .4 3 3 1 .7 1 5 8 .2 1 6 3 .6 1 6 4 .7 1 6 5 .5 1 6 6 .4 1 6 6 .6 1 6 7 .1 1 5 6 .8 1 6 2 .5 1 6 3 .4 1 6 4 .3 1 6 5 .3 1 6 5 .6 1 6 6 .0 ............................................................................... 1 9 8 .7 1 5 6 .3 1 5 7 .3 1 5 7 .7 1 5 7 .7 1 5 8 .3 1 5 8 .9 1 5 6 .6 1 6 0 .3 1 6 1 .2 1 6 1 .6 1 6 1 .7 1 6 2 .2 1 0 0 ) ............................................ 1 4 8 .5 1 5 0 .9 1 5 1 .0 1 5 1 .7 1 5 2 .2 1 5 2 .0 1 5 2 .8 1 4 7 .8 1 5 0 .3 1 5 0 .4 1 5 1 .0 1 5 1 .5 1 5 1 .3 1 5 2 .2 ................................................................. 1 5 2 .4 1 5 6 .2 1 5 6 .2 1 5 6 .8 1 5 7 .0 1 5 7 .3 1 5 7 .5 1 5 1 .9 1 5 5 .6 1 5 5 .7 1 5 6 .3 1 5 6 .4 1 5 6 .6 1 5 6 .9 2 6 0 .8 2 5 9 .2 2 5 8 .4 2 5 8 .7 2 5 8 .1 2 5 8 .6 2 6 0 .0 2 6 3 .9 2 6 0 .5 2 5 9 .3 2 5 9 .6 2 5 8 .9 2 5 9 .4 2 6 1 .1 2 1 4 .8 2 1 3 .3 2 1 2 .2 2 1 0 .9 2 1 0 .4 2 0 9 .6 2 0 8 .9 2 1 7 .1 2 1 5 .8 2 1 4 .7 2 1 3 .3 2 1 2 .9 2 1 2 .1 2 1 1 .2 1 5 3 .2 1 5 4 .8 1 5 6 .1 1 5 5 .1 1 5 6 .0 1 5 5 .3 1 5 3 .5 1 5 1 .8 1 5 3 .8 1 5 5 .0 1 5 3 .9 1 5 4 .8 1 5 4 .1 1 3 6 .8 1 3 5 .5 1 3 4 .5 1 3 3 .6 1 3 3 .2 1 3 2 .7 1 3 2 .4 1 3 8 .6 1 3 7 .4 1 3 6 .4 1 3 5 .4 1 3 5 .0 1 3 4 .5 1 3 4 .1 1 8 9 .5 1 8 8 .1 1 8 6 .4 1 8 5 .1 1 8 4 .3 1 8 3 .5 1 8 3 .4 1 9 3 .0 1 9 1 .7 1 9 0 .1 1 8 8 .8 1 8 7 .9 1 8 7 .2 1 8 6 .9 1 3 5 .8 1 3 3 .9 1 3 3 .4 1 3 2 .7 1 3 2 .7 1 3 2 .3 ................................................................................................................................... A u t o m o b i le m a in te n a n c e a n d r e p a ir B o d y w o rk ( 1 2 /7 7 = 100) ............................................................................................ ................................................................................... A u t o m o b ile d r iv e t r a in , b r a k e , a n d m is c e lla n e o u s m e c h a n ic a l r e p a ir ( 1 2 /7 7 = 100) M a in te n a n c e a n d s e r v ic in g ( 1 2 /7 7 = P o w e r p la n t r e p a ir ( 1 2 /7 7 = 100) O th e r p r iv a te t r a n s p o r t a t i o n ........................................................................................ O th e r p r iv a te t r a n s p o r t a t io n c o m m o d it ie s ................. - ............................... M o t o r o il , c o o la n t , a n d o t h e r p r o d u c ts ( 1 2 /7 7 = A u t o m o b ile p a r ts a n d e q u ip m e n t ( 1 2 /7 7 T ir e s = 100) 100) . . ...................... ......................................................................................................... O th e r p a r ts a n d e q u ip m e n t ( 1 2 /7 7 = 1 0 0 ) ............................... O t h e r p r iv a te t r a n s p o r t a t io n s e r v i c e s ................................... A u t o m o b ile in s u r a n c e ................................................ A u t o m o b ile f in a n c e c h a r g e s ( 1 2 /7 7 = 100) ...................... A u t o m o b ile r e n ta l, r e g is tr a t io n , a n d o t h e r fe e s ( 1 2 / 7 7 S ta te r e g is tr a t io n = 100) , . ............................................................. = D r iv e r s ’ lic e n s e s ( 1 2 /7 7 1 0 0 ) .......................... 1 6 2 .8 1 5 2 .6 1 3 1 .6 1 3 6 .0 1 3 3 .8 1 3 3 .4 1 3 2 .4 132 5 1 3 2 .1 2 7 5 .5 2 7 3 .9 2 7 3 .1 2 7 3 .9 2 7 3 .3 2 7 4 .1 2 7 6 .0 278 9 2 7 4 .8 2 7 3 .7 2 7 4 .4 2 7 3 .6 2 7 4 .5 2 7 6 .8 2 7 5 .8 2 9 7 .0 2 9 9 .0 3 0 1 .2 3 0 1 .1 3 0 2 .4 3 0 2 .9 2 7 5 .2 2 9 6 .3 2 9 8 .2 3 0 0 .5 3 0 0 .5 3 0 2 .0 3 0 2 .5 1 5 5 .4 1 3 1 .3 1 9 3 .5 1 6 1 .9 1 5 7 .3 1 5 4 .5 1 5 2 .2 1 5 1 .7 1 9 2 .9 1 6 1 .0 1 5 6 .6 1 5 3 .8 1 5 1 .4 1 5 1 .1 1 5 5 .0 1 3 8 .0 1 4 1 .1 1 4 1 .4 1 4 3 .8 1 4 4 .7 1 4 5 .6 1 4 6 .0 1 3 8 .8 1 4 1 .9 1 4 2 .2 1 4 4 .9 1 4 6 .0 1 4 6 .9 1 4 7 .2 1 8 3 .8 1 8 6 .6 1 8 6 .6 1 9 2 .3 1 9 2 .3 1 9 4 .8 1 9 4 .6 1 8 3 .4 1 8 6 .3 1 8 6 .3 1 9 2 .1 1 9 2 .1 1 9 4 .7 1 9 4 .5 1 3 2 .8 1 3 3 .9 1 3 3 .9 1 3 3 .9 1 5 0 .3 1 5 2 .9 1 5 3 .0 1 3 3 .1 1 3 4 .1 1 3 4 .1 1 3 4 .1 1 5 0 .6 1 5 3 .4 153 4 1 2 8 .5 1 2 9 .2 1 3 1 .1 1 3 1 .2 1 3 1 .2 1 3 9 .0 1 3 9 .0 1 2 9 .9 1 3 0 .5 1 3 2 .4 1 3 2 .5 1 3 2 .5 1 3 9 .8 139 8 1 5 1 .9 1 5 7 .0 1 5 7 .6 1 5 8 .5 1 5 9 .0 1 5 7 .9 1 5 8 .8 1 5 9 .4 1 6 5 .1 1 6 5 .4 1 6 6 .5 1 6 7 .0 1 6 5 .5 1 6 6 .3 3 4 8 .1 3 5 4 .5 3 6 1 .1 3 5 9 .1 3 6 1 .2 3 6 3 .2 3 6 5 .0 3 4 1 .0 3 4 7 .3 3 5 3 .3 3 5 1 .2 3 5 2 .7 3 5 4 .4 3 5 5 .7 A ir lin e f a r e .................................................................. 3 9 7 .5 4 0 2 .9 4 1 7 .2 4 1 1 .2 4 1 5 .4 4 1 8 .8 4 2 0 .7 3 9 3 .5 3 9 8 .9 4 1 5 .9 4 0 7 .4 I n te r c it y b u s fa r e 4 1 0 .9 4 1 5 .9 3 7 0 .5 3 8 9 .4 3 9 4 .6 4 0 1 .7 4 0 3 .9 4 0 4 .2 4 1 2 .8 3 7 2 .3 3 9 2 .0 3 9 6 .9 4 0 3 .0 4 0 5 .2 4 0 4 .1 4 1 2 .7 3 1 2 .8 3 2 0 .1 3 2 0 .2 3 2 1 .7 3 2 1 .7 3 2 2 .6 3 2 3 .7 3 1 2 .3 3 1 9 .0 3 1 9 .1 3 2 0 .1 3 2 0 .6 3 2 0 .7 3 2 1 .6 2 9 9 .7 3 0 0 .8 3 0 2 .0 3 0 2 .1 3 0 1 .0 3 0 1 .0 3 0 2 .4 3 0 9 .3 3 1 0 .4 3 1 1 .4 3 1 1 .6 3 1 1 .0 3 1 1 .0 311 8 3 8 8 .6 3 5 1 .9 3 5 2 .0 3 5 2 .3 3 5 3 .2 3 6 1 .3 3 6 4 .5 3 3 8 .6 3 5 2 .3 3 5 2 .5 352 7 3 5 3 .6 3 6 2 .3 3 6 5 .2 3 5 1 .2 352 1 3 5 3 .3 3 5 5 .6 3 5 7 .9 V e h ic le I n s p e c t io n ( 1 2 /7 7 = 100) , , . O th e r v e h ic le - r e la t e d fe e s ( 1 2 / 7 7 = 100) . . . P ublic .................................................... I n tr a c it y m a s s t r a n s it T a x i fa r e ......................................................... .......................... I n te r c it y t r a in f a r e ................................... 4 1 7 .1 M E D IC A L CARE 3 3 3 .3 3 5 2 .3 3 5 3 .5 3 5 4 .3 3 5 5 .4 3 5 7 .7 3 6 0 .0 3 3 1 .3 3 5 0 .0 M e d ic a l c are c o m m o d itie s 208 2 2 1 8 .6 2 2 1 .2 2 2 2 .5 2 2 3 .2 2 2 4 .2 2 2 5 .4 2 0 8 .8 2 1 9 .0 2 2 1 .6 2 2 2 .8 223 6 2 2 4 .5 2 2 5 .8 P r e s c r ip tio n d r u g s ................................... 1 9 5 .6 2 0 8 .7 2 1 1 .6 212 9 2 1 3 .7 2 1 4 .5 2 1 5 .7 1 9 6 .6 2 0 9 .9 2 1 2 .8 2 1 4 .1 214 8 215 6 216 9 A n t i- In f e c tiv e d r u g s ( 1 2 / 7 7 = 100) . . T r a n q u iliz e r s a n d s e d a tiv e s ( 1 2 / 7 7 = C lr c u la to r ie s a n d d iu r e t ic s ( 1 2 /7 7 = 100) . , 100) 1 4 6 .0 1 5 3 .8 1 5 5 .2 1 5 5 .8 1 5 6 .6 1 5 7 .2 1 5 7 .9 1 4 7 .5 1 5 5 .8 1 5 7 .2 1 5 7 .8 158 8 159 2 1 bo 1 1 5 7 .6 1 7 1 .4 1 7 4 .7 1 7 6 .3 1 7 7 .0 1 7 7 .6 1 7 9 .1 1 5 7 .4 1 7 1 .2 1 7 4 .5 1 7 6 .1 176 7 177 2 178 7 1 4 0 .7 1 5 1 .2 1 5 3 .4 1 5 3 .5 1 5 3 .3 1 5 4 .0 1 5 5 .4 1 4 0 .6 1 5 1 .0 1 5 3 .2 1 5 3 .4 1 5 3 .2 1 5 3 .9 1 5 5 .4 1 8 1 .6 1 9 2 .4 1 96*1 1 9 7 .8 1 9 8 .1 1 9 8 .1 1 9 9 .2 1 8 3 .1 1 9 4 .2 1 9 8 .1 1 9 9 .7 199 9 199 8 201 1 1 5 7 .6 1 7 0 .0 1 7 1 .7 1 7 2 .3 1 7 3 .3 1 7 5 .1 1 7 5 .7 1 5 9 .3 1 7 1 .7 1 7 3 .4 1 7 4 .1 1 7 5 .1 1 7 6 .8 1 7 7 .5 1 4 9 .6 1 5 7 .8 1 5 9 .4 1 6 0 .7 1 6 1 .8 1 6 2 .3 1 6 2 .6 1 4 9 .8 1 5 8 .1 1 5 9 .7 1 6 1 .0 1 6 2 .0 1 6 2 .5 1 6 2 .9 1 4 7 .2 1 5 2 .3 1 5 3 .8 1 5 4 .7 1 5 5 .2 1 5 5 .9 1 5 6 .7 1 4 7 .9 156 7 157 5 1 3 1 .6 1 3 4 .9 1 3 5 .1 1 3 4 .8 1 3 5 .0 1 3 5 .8 1 3 6 .2 1 3 0 .3 1 3 3 .7 1 3 3 .9 1 3 3 .8 133 9 1 3 4 fi 135 1 2 3 6 .6 2 4 5 .5 2 4 8 .7 2 5 0 .9 2 5 1 .9 2 5 3 .5 2 5 5 .0 2 3 7 .9 2 4 6 .8 2 5 0 .2 2 5 2 .1 253 3 254 Q 1 4 8 .0 1 4 9 .4 1 5 0 .0 1 5 0 .4 1 5 0 .3 1 5 1 .0 1 4 4 .2 1 4 9 .4 1 5 0 .6 1 5 1 .3 1 5 1 .4 1 5 1 .3 1 5 2 .4 3 6 1 .0 3 8 2 .2 382 8 3 8 3 .5 3 8 4 .6 3 8 7 .2 3 8 9 .8 358 3 379 0 3 7 9 .7 3 8 0 .5 3 8 1 .7 3 8 4 .4 3 8 7 .0 3 0 4 .4 3 1 6 .7 3 1 8 .0 3 1 9 .7 3 2 2 .0 3 2 4 .2 3 2 6 .0 3 0 4 .6 3 1 6 .9 3 1 8 .4 3 2 0 .0 3 2 2 .2 3 2 4 .6 326 5 3 3 0 .4 3 4 6 .4 3 4 8 .2 3 4 9 .4 3 5 1 .7 353 9 3 5 4 .9 3 3 3 .5 3 4 9 .8 3 5 1 .8 3 5 3 .9 3 5 5 .3 3 5 7 .6 3 5 8 .8 H o r m o n e s , d ia b e tic d r u g s , b io lo g ic a ls , a n d = 100) ( 1 2 /7 7 = 1 0 0 ) p r e s c r ip t io n m e d ic a l s u p p lie s ( 1 2 /7 7 P a in a n d s y m p t o m c o n t r o l d r u g s S u p p le m e n t s , c o u g h a n d c o ld p r e p a r a t io n s , a n d r e s p ir a to r y a g e n t s ( 1 2 / 7 7 = 100) , . N o n p r e s c r ip tio n d r u g s a n d m e d ic a l s u p p lie s ( 1 2 / 7 7 = E y e g la s s e s ( 1 2 / 7 7 = 100) 100) .......................... I n te r n a l a n d r e s p ir a to r y o v e r - t h e - c o u n t e r d r u g s N o n p r e s c r ip tio n m e d ic a l e q u ip m e n t a n d - s u p p lle s ( 1 2 /7 7 = M e d ic a l c a re s e rv ic e s P r o fe s s io n a l s e r v ic e s .................. P h y s ic ia n s ' s e r v i c e s ...................... 102 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100) 1 5 3 .1 1 5 4 .6 1 5 5 .4 1 5 6 .0 20. C o n tin u ed — C onsum er Price In dex— U.S. city average [1967 = 100 unless otherwise specified] All U rban C onsu m ers 198 2 G en eral su m m a ry Aug. U rban W a g e E arn ers and C le ric a l W o rk e rs 1 983 M a r. Apr. 1982 1983 M ay June July A ug. Aug. M a r. Apr. M ay June July A ug. • M E D IC A L CARE— Continued M e d ic a l ca re s e rv ic e — C ontinued P r o fe s s io n a l s e r v ic e s — C o n tin u e d D e n ta l s e r v i c e s .................................................................................................................................... 286 4 2 9 4 .6 2 9 5 .7 2 9 8 .6 3 0 1 .2 303 8 3 0 6 .5 2 9 4 .4 2 9 2 .3 2 9 3 .4 2 9 6 .1 2 9 8 .9 3 0 1 .6 3 0 4 .3 O th e r p r o fe s s io n a l s e r v ic e s ( 1 2 / 7 7 = 1 4 5 .6 1 5 1 .6 1 5 1 .9 1 5 1 .8 1 5 2 .3 1 5 3 .0 1 5 4 .0 1 4 2 .5 1 4 8 .3 1 4 8 .5 1 4 8 .5 1 4 8 .7 1 4 9 .6 150 5 4 6 6 .9 4 2 5 .4 4 5 7 .1 100) ............................................................. O th e r m e d ic a l c a r e s e r v i c e s .................................................................................................................. 4 2 9 .4 4 6 1 .4 4 6 1 .1 4 6 0 .4 4 6 0 .5 4 6 3 .3 4 5 6 .9 4 5 6 .4 4 5 6 .4 4 5 9 .4 4 6 2 .9 1 0 0 ) ................................................ 1 7 7 .1 1 8 9 .5 1 9 0 .2 1 9 0 .8 1 9 1 .5 1 9 3 .8 1 9 6 .7 1 7 5 .2 1 8 7 .8 1 8 8 .4 1 8 9 .0 1 8 9 .6 1 9 1 .9 1 9 4 .6 .................................................................................................................................... 5 6 5 .5 6 0 6 .2 6 0 8 .0 6 0 9 .6 6 0 9 .6 6 1 9 .1 6 2 7 .6 5 5 7 .6 5 9 8 .8 6 0 0 .7 6 0 1 .8 6 0 2 .2 6 1 1 .2 6 1 9 .5 1 7 3 .6 1 8 5 .6 1 8 6 .3 1 8 7 .0 1 8 8 .3 1 8 9 .9 1 9 3 .0 1 7 2 .2 1 8 4 .3 1 8 4 .9 1 8 5 .6 1 8 6 .8 1 8 8 .4 1 9 1 .2 E N T E R TA IN M E N T 2 3 7 .4 2 4 4 .6 2 4 4 .6 2 4 4 .8 2 4 5 .4 2 4 6 .0 2 4 6 .6 2 3 3 .9 2 4 0 .8 2 4 1 .1 2 4 1 .3 2 4 1 .9 2 4 2 .5 2 4 3 .1 E n te rta in m e n t c o m m o d itie s 2 4 0 .5 2 4 6 .8 2 4 6 .0 2 4 6 .3 2 4 6 .3 2 4 6 .7 2 4 8 .0 2 3 4 .4 240 8 2 4 0 .5 2 4 0 .7 2 4 0 .7 2 4 1 .4 2 4 2 .5 H o s p ita l a n d o t h e r m e d ic a l s e r v ic e s ( 1 2 / 7 7 = H o s p ita l r o o m O t h e r h o s p it a l a n d m e d ic a l c a r e s e r v ic e s ( 1 2 /7 7 = N e w s p a p e rs 1 0 0 ) ............................... 149 4 159 3 158 4 159 7 158 5 1 5 8 .5 1 6 0 .9 1 4 8 .9 1 5 8 .7 1 5 7 .8 1 5 9 .1 1 5 8 .0 1 5 8 .0 1 6 0 .2 2 8 6 .3 2 9 9 .6 3 0 0 .2 3 0 1 .6 3 0 2 .0 3 0 2 .7 3 0 3 .5 2 8 6 .0 299 8 3 0 0 .4 3 0 1 .7 3 0 2 .0 3 0 2 .7 3 0 3 .4 1 0 0 ) ................................................ 1 5 3 .8 1 6 7 .1 1 6 4 .8 1 6 6 .8 1 6 4 .2 1 6 3 .6 1 6 8 .4 1 5 3 .6 167 3 1 6 4 .8 1 6 7 .0 1 6 4 .2 1 6 3 .6 1 6 8 .5 1 0 0 ) .................................................................. 1 3 3 .2 1 3 4 .2 1 3 3 .6 1 3 3 .2 1 3 4 .0 1 3 4 .2 1 3 4 .1 1 2 4 .9 1 2 7 .2 1 2 7 .5 1 2 7 .3 1 2 7 .7 1 2 8 .3 1 2 8 .3 ............................................................................................ 1 3 5 .7 1 3 7 .3 1 3 6 .3 1 3 5 .7 1 3 6 .7 1 3 7 .1 1 3 6 .4 1 2 2 .4 1 2 6 .4 1 2 6 .7 1 2 6 .5 1 2 6 .8 1 2 7 .8 1 2 7 .8 1 0 0 ) .......................... 1 1 9 .7 1 2 0 .8 1 2 1 .3 1 2 0 .5 1 1 9 .9 1 1 8 .6 1 1 8 .5 1 1 7 .5 1 1 8 .4 1 1 8 .9 1 1 8 .0 1 1 7 .6 1 1 6 .4 1 1 6 .6 ........................................................................................................................................ M a g a z in e s , p e r io d ic a ls , a n d b o o k s ( 1 2 /7 7 S p o r tin g g o o d s a n d e q u ip m e n t ( 1 2 / 7 7 = S p o r t v e h ic le s ( 1 2 /7 7 = 100) = I n d o o r a n d w a r m w e a t h e r s p o r t e q u ip m e n t ( 1 2 /7 7 = B i c y c l e s ......................................................... ........................................................................................... 1 9 9 .4 1 9 7 .8 1 9 6 .1 1 9 6 .6 1 9 9 .2 1 9 9 .8 1 9 9 .9 2 0 0 .4 1 9 8 .0 1 9 7 .4 1 9 7 .9 2 0 0 .2 2 0 0 .7 2 0 0 .7 O t h e r s p o r t in g g o o d s a n d e q u ip m e n t ( 1 2 /7 7 = 1 3 0 .3 1 3 1 .6 1 3 2 .0 132 2 1 3 2 .2 1 3 2 .8 1 3 3 .1 1 3 0 .9 1 3 1 .5 1 3 2 .0 1 3 2 .3 1 3 2 .2 1 3 2 .7 1 3 2 .9 ............................................ 1 3 6 .9 1 3 8 .6 1 3 8 .5 1 3 8 .4 1 3 8 .6 1 3 9 .0 1 3 9 .3 1 3 5 .7 1 3 7 .3 1 3 7 .2 1 3 7 .1 1 3 7 .3 1 3 7 .7 1 3 8 .0 T o y s , h o b b ie s , a n d m u s ic e q u ip m e n t ( 1 2 /7 7 = 1 0 0 ) ....................................... 1 3 6 .4 1 3 7 .6 1 3 7 .3 1 3 7 .4 1 3 7 .4 1 3 7 .7 1 3 7 .7 1 3 2 .8 1 3 3 .7 1 3 3 .4 1 3 3 .5 1 3 3 .6 1 3 4 .0 1 3 3 .9 P h o t o g r a p h ic s u p p lie s a n d e q u ip m e n t ( 1 2 /7 7 = 100) ................................... 1 3 0 .2 1 3 1 .6 1 3 1 .6 1 3 1 .7 1 3 1 .4 1 3 1 .6 1 3 1 .6 1 3 1 .4 1 3 2 .8 1 3 2 .6 1 3 2 .6 1 3 2 .4 1 3 2 .7 1 3 2 .8 1 0 0 ) .................................................................. 1 4 2 .5 1 4 5 .6 1 4 5 .8 1 4 5 .1 1 4 5 .9 1 4 6 .6 1 4 7 .5 1 4 3 .6 1 4 6 .5 1 4 6 .9 1 4 6 .1 1 4 6 .9 1 4 7 .6 1 4 8 .6 2 3 3 .5 2 4 1 .9 2 4 3 .1 2 4 3 .2 2 4 4 .7 2 4 5 .4 2 4 5 .0 2 3 4 .2 2 4 2 .1 2 4 3 .3 2 4 3 .5 2 4 5 .1 2 4 5 .8 2 4 5 .4 1 4 3 .4 1 5 0 .9 1 5 1 .3 1 5 0 .8 1 5 1 .3 1 5 1 .8 1 5 2 .2 1 4 4 .8 1 5 2 .2 1 5 2 .4 1 5 2 .1 1 5 2 .5 1 5 2 .8 T o y s , h o b b ie s , a n d o t h e r e n t e r t a in m e n t ( 1 2 /7 7 = P e t s u p p lie s a n d e x p e n s e s ( 1 2 / 7 7 = 1 0 0 ) ........................................ 100) E n te rta in m e n t s e rv ic e s F e e s f o r p a r t i c i p a n t s p o r ts ( 1 2 / 7 7 = A d m is s io n s ( 1 2 / 7 7 = 1 0 0 ) ............................................................................... 1 0 0 ) ............................................................................................ 1 5 3 .2 1 3 7 .4 1 4 0 .1 1 4 1 .7 1 4 2 .4 1 4 4 .7 1 4 6 .4 1 4 5 .4 1 3 6 .5 1 3 9 .1 1 4 0 .7 1 4 3 .7 1 4 3 .7 1 4 5 .4 1 4 4 .5 1 2 8 .3 1 3 1 .0 1 3 1 .6 1 3 1 .9 1 3 1 .8 1 3 0 .6 1 2 9 .8 1 2 9 .2 1 3 1 .8 1 3 2 .4 1 3 2 .6 1 3 2 .6 1 3 1 .4 1 3 0 .7 O THER GO ODS AN D SER VIC ES 2 5 8 .3 2 8 1 .9 2 8 3 .2 2 8 3 .6 2 8 4 .5 2 8 7 .5 2 8 9 .0 2 5 5 .7 2 8 0 .0 2 8 1 .4 2 8 1 .8 282 8 2 8 6 .4 2 8 8 .0 T obacco products 2 4 0 .1 2 8 3 .3 2 8 4 .9 2 8 5 .3 285 9 2 9 4 .6 2 9 7 .7 2 3 9 .3 2 8 2 .7 2 8 4 .3 2 8 4 .8 2 8 5 .4 2 9 4 .3 2 9 7 .5 2 4 3 .1 2 9 0 .4 2 9 2 .0 2 9 2 .4 2 9 3 .1 3 0 2 .8 3 0 6 .1 2 4 2 .3 2 8 9 .3 2 9 0 .9 2 9 1 .5 2 9 2 .0 3 0 1 .7 3 0 5 .2 1 4 2 .4 1 4 8 .6 1 4 9 .6 1 4 9 .6 1 4 9 .9 1 5 0 .5 1 5 0 .9 1 4 2 .5 1 4 8 .5 1 4 9 .5 1 4 9 .6 1 4 9 .8 1 5 0 .5 1 5 0 .9 P e rs o n a l c are 2 5 0 .6 2 5 7 .8 2 5 9 .1 2 5 9 .4 2 6 0 .9 2 6 1 .3 2 6 2 .1 2 4 8 .8 2 5 5 .8 2 5 7 .1 2 5 7 .3 2 5 9 .0 259 4 260 1 T o ile t g o o d s a n d p e r s o n a l c a r e a p p l i a n c e s ............................................ 2 4 9 .5 2 5 7 .1 2 5 8 .5 2 5 8 .6 2 6 1 .4 2 6 2 .3 2 6 1 .9 2 5 0 .5 257 8 259 3 259 3 2 6 2 .1 263 0 2 6 2 .6 1 4 5 .0 1 4 8 .5 1 5 0 .9 1 5 0 .8 1 5 1 .7 1 5 2 .5 1 5 2 .8 1 4 4 .4 1 4 7 .8 1 5 0 .3 1 5 0 .0 1 5 0 .9 1 5 1 .7 1 5 1 .9 1 5 3 .1 1 6 0 .4 1 6 0 .5 1 6 1 .2 1 6 2 .5 1 6 2 .6 1 6 0 .0 1 5 1 .6 1 5 8 .9 1 5 8 .9 1 5 9 .6 1 6 0 .8 1 6 0 .8 1 5 8 .5 1 4 1 .3 1 4 6 .0 1 4 5 .6 1 4 5 .1 1 4 8 .5 1 4 8 .8 1 4 8 .6 1 4 2 .0 1 4 6 .7 1 4 6 .3 1 4 5 .7 1 4 9 .2 1 4 9 .5 1 4 9 .2 1 4 2 .5 1 4 4 .9 1 4 6 .0 1 4 6 .7 1 4 7 .1 1 4 7 .9 1 4 8 .9 1 4 6 .2 1 4 8 .5 1 4 9 .8 1 5 0 .3 1 5 0 .7 1 5 1 .6 1 5 2 .4 2 5 2 .5 2 5 9 .5 2 6 0 .7 2 6 1 .1 2 6 1 .6 2 6 1 .5 2 6 3 .3 2 4 7 .6 2 5 4 .3 2 5 5 .4 2 5 5 .7 2 5 6 .3 2 5 6 .4 2 5 8 .1 2 5 5 .0 2 6 2 .4 2 6 4 .2 2 6 4 .5 2 6 5 .0 2 6 4 .3 2 6 6 .5 2 4 8 .7 2 5 5 .5 2 5 7 .2 257 4 258 0 2 5 7 .5 259 7 1 4 0 .2 1 4 3 .7 1 4 3 .8 1 4 4 .1 1 4 4 .4 1 4 5 .1 1 4 5 .6 1 3 9 .0 1 4 2 .6 1 4 2 .7 1 4 3 .0 1 4 3 .2 1 4 3 .9 1 4 4 .4 2 9 5 .8 3 2 3 .9 3 2 4 .9 3 2 5 .6 3 2 6 .0 3 2 7 .2 3 2 8 .1 2 9 7 .9 3 2 5 .7 3 2 6 .8 3 2 7 .7 328 1 3 2 9 .4 3 3 0 .5 O th e r e n t e r t a in m e n t s e r v ic e s ( 1 2 /7 7 = C g a r e tt e s 100) .............................................................. ...................................................................................................................... O t h e r t o b a c c o p r o d u c ts a n d s m o k in g a c c e s s o r ie s ( 1 2 /7 7 = P r o d u c ts f o r th e h a ir , h a ir p ie c e s , a n d w ig s ( 1 2 /7 7 = D e n ta l a n d s h a v in g p r o d u c ts ( 1 2 / 7 7 = 100) 100) . . 100) .......................... C o s m e tic s , b a th a n d n a il p r e p a r a t io n s , m a n ic u r e a n d e y e m a k e u p im p le m e n ts ( 1 2 /7 7 = 100) . . . O th e r to ile t g o o d s a n d s m a ll p e rs o n a l c a re a p p lia n c e s ( 1 2 /7 7 = P e r s o n a l c a r e s e r v ic e s 100) . . . .............................................................. B e a u ty p a r lo r s e r v ic e s f o r w o m e n ............................... H a ir c u t s a n d o t h e r b a r b e r s h o p s e r v ic e s f o r m e n ( 1 2 /7 7 = 100) P e rs o n a l and e d u c a tio n a l e xpenses S c h o o lb o o k s a n d s u p p lie s ............................... P e r s o n a l a n d e d u c a t io n a l s e r v ic e s T u itio n a n d o t h e r s c h o o l fe e s C o lle g e t u it i o n ( 1 2 /7 7 = . . . . . 100) . . . . . . . 2 6 5 .3 2 9 2 .3 2 9 2 .5 292 9 2 9 3 .6 2 9 4 .2 2 9 4 .6 2 6 9 .6 2 9 6 .3 2 9 6 .5 2 9 6 .8 297 6 2 9 8 .3 298 8 3 0 3 .1 3 3 1 .5 332 7 3 3 3 .5 333 8 3 3 5 .1 3 3 6 .2 3 0 5 .1 333 2 3 3 4 .5 3 3 5 .5 335 8 3 3 7 .3 338 6 1 5 2 .6 1 6 7 .4 1 6 7 .6 1 6 7 .7 1 6 7 .6 1 6 8 .0 1 6 8 .2 1 5 3 .2 1 6 7 .9 1 6 8 .2 1 6 8 .2 1 6 8 .2 1 6 8 .5 168 8 1 6 7 .1 1 6 7 .5 1 6 7 .5 1 6 7 .4 1 6 7 .9 168 0 1 5 1 .9 1 6 7 .0 1 6 7 .4 1 6 7 .4 1 6 7 .3 1 6 7 .8 1 6 8 .0 1 5 2 .0 1 5 4 .6 1 6 8 .8 1 6 8 .8 1 6 8 .9 1 6 8 .9 1 6 8 .9 1 6 9 .2 1 5 5 .6 1 6 9 .8 1 6 9 .8 1 6 9 .9 1 6 9 .9 1 6 9 .9 170 3 1 6 7 .4 1 8 1 .2 1 8 3 .1 1 8 5 .1 1 8 6 .1 1 8 7 .9 1 8 9 .8 1 6 7 .6 1 8 1 .1 1 8 3 .1 1 8 5 .3 1 8 6 .2 1 8 8 .3 1 9 0 .4 G a s o lin e , m o t o r o il , c o o la n t , a n d o t h e r p r o d u c ts 3 9 3 .2 3 4 5 .2 3 6 3 .4 3 7 6 .2 381 2 3 8 4 .3 3 8 4 .5 3 9 4 .4 3 4 6 .7 3 6 5 .0 3 7 7 .6 I n s u r a n c e a n d f i n a n c e .......................... 3 8 2 .4 3 8 5 .4 3 8 5 .9 4 4 1 .3 4 4 1 .7 4 1 1 .8 4 1 1 .6 U t ilitie s a n d p u b l ic t r a n s p o r t a t i o n ...................... 4 1 0 .0 4 1 0 .2 4 1 1 .4 415 6 320 3 3 3 1 .1 3 3 3 .4 3 3 7 .2 3 4 1 .5 3 4 3 .6 3 4 3 .6 3 1 7 .8 3 3 0 .4 3 3 2 .6 3 3 6 .5 341 1 H o u s e k e e p in g a n d h o m e m a in te n a n c e s e r v ic e s 343 1 342 9 3 5 1 .4 3 5 6 .0 3 5 7 .3 3 5 8 .2 3 5 8 .6 358 9 3 6 0 .1 3 5 1 .0 3 5 7 .9 3 5 9 .5 360 3 3 6 0 .8 3 6 1 .7 3 6 4 .2 E le m e n ta r y a n d h ig h s c h o o l t u it i o n ( 1 2 /7 7 P e r s o n a l e x p e n s e s ( 1 2 /7 7 = 100) = 100) . . . . . S p e c ia l indexes: 'E x c l u d e s m o t o r o il , c o o la n t , a n d o t h e r p r o d u c ts a s o f J a n u a r y 1 9 8 3 . c = c o rre c te d . 2 S e e b o x w ith “ P r ic e D a t a . ” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 103 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Consumer Prices 21. C onsum er Price Index for All Urban C onsum ers: Cross classification of region and population size class by expenditure category and com m o dity and service group [D e c e m b e r 1 9 7 7 = 1 0 0 ] Size class A Size class B S ize class C S ize class D ( 1 .2 5 m illio n or m o re) ( 3 8 5 ,0 0 0 - 1 ,2 5 0 m illio n ) ( 7 5 ,0 0 0 - 3 8 5 ,0 0 0 ) (7 5 ,0 0 0 or less) Category and group 198 3 Apr. I June 198 3 I Aug. Apr. I June 1983 I Apr. Aug. June 1 983 I A ug. Apr. June Aug. 1 6 0 .0 N o rth east E XP EN D ITU R E CATEGORY A ll it e m s .................................................................. 1 5 3 .1 1 5 3 .9 1 5 5 .0 1 5 9 .0 1 6 0 .8 1 6 1 .5 1 6 3 .5 1 6 4 .2 1 6 5 .5 1 5 8 .2 1 5 8 .5 1 4 7 .0 1 4 7 .4 1 4 7 .5 1 4 6 .2 1 4 6 .8 1 4 7 .4 1 5 1 .1 1 5 0 .6 1 5 1 .6 1 4 5 .8 1 4 6 .3 H o u s i n g ......................................................... 1 5 8 .0 1 5 8 .9 1 5 9 .6 1 6 9 .1 1 7 0 .7 1 6 9 .7 1 7 6 .4 1 7 6 .7 1 7 6 .7 1 6 5 .1 1 6 3 .9 1 6 4 .2 A p p a re l a n d u p k e e p 1 2 2 .6 1 2 2 .6 1 2 3 .2 1 2 2 .4 1 2 4 .4 1 2 5 .8 1 2 8 .5 1 2 8 .9 1 2 8 .6 1 3 0 .2 1 2 9 .5 1 2 8 .8 1 6 0 .1 1 6 1 .7 1 6 4 .2 1 6 5 .4 1 6 9 .2 1 7 1 .4 1 6 4 .3 1 6 6 .6 1 6 9 .5 1 6 4 .3 1 6 6 .7 1 6 9 .7 1 5 9 .6 1 6 0 .9 1 6 4 .4 1 6 3 .0 1 6 3 .5 1 6 7 .1 1 6 6 .0 1 6 6 .7 1 7 1 .2 1 6 5 .8 168 5 1 7 1 .9 1 4 3 .1 1 4 4 .1 1 4 4 .3 1 3 9 .1 1 3 8 .8 1 3 9 .6 1 3 9 .8 1 4 2 .1 1 4 3 .8 1 4 6 .5 1 4 8 .1 ' 1 4 9 .3 1 5 6 .2 1 5 6 .7 1 6 0 .3 1 5 8 .6 1 5 9 .8 1 6 2 .8 1 6 2 .3 1 6 3 .1 1 6 5 .9 1 6 2 .1 1 6 2 .2 1 6 6 .7 1 4 8 .4 1 4 9 .1 1 5 0 .1 1 5 3 .0 1 5 4 .8 1 5 6 .0 1 5 3 .6 1 5 4 .3 1 5 5 .4 1 5 1 .3 1 5 2 .3 1 4 9 .0 1 5 0 .0 1 4 1 .6 1 5 5 .7 1 5 8 .3 1 5 9 .8 1 5 4 .3 1 5 5 .8 1 5 6 .8 1 5 3 .4 1 5 4 .8 1 5 6 .3 1 5 9 .0 1 6 0 .0 1 6 1 .3 1 6 8 .2 1 6 9 .8 1 6 9 .8 1 7 9 .4 1 8 0 .1 1 8 1 .7 1 6 8 .5 1 6 7 .9 1 6 9 .2 F o o d a n d b e v e ra g e s T r a n s p o r t a tio n M e d ic a l c a r e ......................................................................................................... ......................................................... ............................................................................................ .................................................... E n t e r t a i n m e n t .................................................................. .............................................................................. O t h e r g o o d s a n d s e r v ic e s 1 4 7 .7 C O M M O D IT Y A N D SER VIC E GR OUP C o m m o d i t i e s ....................................................................................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s S e r v ic e s ......................................................... ............................................................................................................. 1 5 3 .9 N orth C en tral R egion E XP EN D ITU R E CATEGORY A ll it e m s .................................................................. F o o d a n d b e v e ra g e s ........................................ H o u s i n g ..................................................... A p p a re l a n d u p k e e p T r a n s p o r t a tio n ............................................ ................................................ 1 6 3 .6 1 6 5 .2 1 6 6 .6 1 6 1 .1 1 6 2 .0 162 2 1 5 7 .3 1 5 8 .3 1 5 9 .6 1 5 8 .1 1 4 5 .4 1 4 5 .0 1 4 4 .5 1 4 4 .1 1 4 3 .8 1 4 3 .6 1 4 5 .6 1 4 5 .0 1 4 5 .0 1 5 0 .9 1 5 1 .7 1 5 1 .9 1 8 1 .9 1 8 5 .3 1 8 6 .3 1 7 1 .7 1 7 2 .2 1 7 1 .7 1 6 4 .1 1 6 5 .2 1 6 5 .7 1 6 3 .8 1 6 3 .9 1 6 5 .2 1 1 7 .9 1 1 6 .8 1 1 9 .5 1 2 8 .8 129 2 1 2 8 .9 1 2 8 .4 1 2 7 .0 1 2 9 .9 1 2 3 .5 122 2 1 2 5 .4 1 5 9 .3 1 6 0 .7 1 6 1 .7 1 6 4 .2 1 6 7 .4 1 6 4 .0 1 6 7 .1 1 6 8 .6 1 6 3 .9 1 6 7 .1 1 6 9 .8 1 6 1 .2 1 6 5 .7 1 6 7 .8 1 6 5 .3 1 6 6 .1 1 6 8 .4 1 6 8 .3 1 6 8 .5 1 7 2 .4 1 6 5 .8 1 6 6 .3 1 6 7 .5 E n t e r t a i n m e n t ................................................ 1 7 2 .2 1 7 3 .1 1 7 5 .4 1 4 1 .9 1 4 1 .9 1 4 3 .3 1 3 6 .7 1 3 6 .9 1 3 1 .8 1 4 5 .9 1 4 7 .3 1 4 8 .4 1 3 6 .5 1 3 7 .1 O th e r g o o d s a n d s e r v ic e s 1 3 6 .6 1 5 6 .2 1 5 6 .7 1 5 8 .1 1 6 7 .4 1 6 8 .5 1 7 0 .4 1 5 2 .6 1 5 3 .8 1 5 8 .3 1 6 5 .2 1 6 6 .3 1 6 9 .3 M e d ic a l c a r e ............................................................. ............................................................. C O M M O D IT Y A N D SER VIC E GR OUP C o m m o d i t i e s ................................................ C o m m o d itie s le s s f o o d a n d b e v e r a g e s . . . S e r v i c e s .................................................................. 1 5 2 .7 1 5 3 .5 1 5 1 .7 1 5 2 .8 1 5 3 .1 1 4 9 .1 150 0 1 5 1 .5 1 4 8 .5 1 4 9 .9 1 5 1 .3 1 5 5 .9 1 5 7 .5 1 5 9 .7 1 5 4 .6 1 5 6 .8 1 5 7 .1 1 5 0 .3 1 5 2 .2 1 5 4 .5 1 4 7 ,3 1 4 9 .0 1 5 1 .0 1 7 9 .9 1 8 2 .4 1 8 4 .3 1 7 6 .1 1 7 6 .8 1 7 6 .8 1 7 0 .7 1 7 1 .7 1 7 2 .8 1 7 3 .0 1 7 4 .1 1 7 5 .6 1 6 1 .2 1 5 4 .7 South EXP ENDITUR E CATEGORY A ll it e m s ......................................................... 1 5 9 .1 1 6 1 .2 1 6 2 .4 1 6 0 .9 1 6 1 .7 1 6 2 .9 1 6 0 .2 1 5 0 .5 1 5 0 .9 1 5 0 .9 1 4 9 .2 1 4 8 .9 1 4 9 .9 1 4 7 .4 1 6 3 .5 1 6 8 .5 1 6 9 .7 1 6 6 .9 1 2 8 .7 1 2 9 .8 1 3 1 .8 126 2 1 2 4 .6 1 2 6 .2 1 6 3 .8 1 6 6 .8 1 6 8 .7 1 6 7 .1 1 7 0 .3 ................................................ 1 6 8 .7 1 6 9 .0 1 7 0 .0 1 6 7 .9 E n t e r t a i n m e n t ................................................ 1 3 8 .6 1 3 9 .4 1 4 0 .7 O t h e r g o o d s a n d s e r v ic e s 1 5 8 .4 1 5 9 ,3 1 5 2 .3 1 5 2 .7 1 6 8 .6 F o o d a n d b e v e ra g e s ............................................ H o u s i n g ............................................ A p p a re l a n d u p ke e p T r a n s p o r t a tio n M e d ic a l c a r e ........................................ ....................................... ................................... 1 6 2 .3 1 6 0 .8 1 6 2 .0 1 6 2 .8 1 4 7 .3 1 4 7 .8 1 4 9 .9 1 5 0 .7 1 5 0 .7 1 6 8 .7 1 6 9 .5 1 6 9 .9 1 7 0 .3 1 7 1 .9 1 2 3 .1 1 2 3 .0 1 2 4 .1 1 1 2 .5 1 1 3 .9 1 1 1 .3 1 7 2 .2 1 6 5 .9 1 6 8 .5 1 7 0 .3 162 9 1 6 6 .0 1 6 7 .3 1 6 7 .5 1 6 9 .0 1 7 7 .5 1 7 8 .5 1 8 0 .0 1 8 3 .0 1 8 4 .4 1 8 4 .2 1 6 9 .0 1 5 3 .0 1 5 4 .4 1 4 6 .5 1 4 6 .1 1 4 6 .2 1 4 5 .6 1 4 5 .5 1 4 6 .4 1 6 2 .1 1 5 4 .5 162 9 1 6 4 .9 1 5 3 .5 1 6 0 .0 1 6 1 .6 1 6 0 .4 1 6 1 .0 1 6 2 .9 1 5 3 .7 1 5 5 .0 1 5 3 .8 1 5 4 .5 1 5 5 .6 1 5 1 .0 1 5 2 .0 1 5 3 .7 1 5 1 .1 1 5 3 .0 1 5 3 .2 1 5 4 .8 1 5 6 .8 1 5 5 .5 1 5 6 .8 1 5 7 .9 1 5 2 .4 1 5 4 .1 1 5 6 .4 1 5 1 .4 1 5 3 .8 1 5 4 .2 1 7 1 .5 1 7 2 .7 1 7 1 .6 1 7 2 .6 1 7 3 .9 1 7 4 .4 1 7 5 .3 1 7 5 .6 1 7 5 .3 1 7 5 .7 1 7 7 .1 C O M M O D IT Y A N D SERVICE G R O UP C o m m o d i t i e s ........................................ C o m m o d itie s le s s f o o d a n d b e v e r a g e s . . S e r v i c e s ......................................................... W est E XP EN D ITU R E CATEGORY A ll it e m s ............................................ F o o d a n d b e v e ra g e s 1 5 9 .2 .................. H o u s i n g ........................................ A p p a re l a n d u p ke e p T r a n s p o r t a tio n M e d ic a l c a r e ...................... .......................... ...................... 1 6 1 .4 1 6 2 .7 1 5 9 .5 1 6 1 .8 1 6 2 .5 1 5 2 .2 1 5 3 .5 1 5 5 .2 1 5 1 .8 16; 2 1 5 0 .9 1 5 2 .8 1 5 3 .7 1 5 2 .8 1 4 8 .6 1 4 8 .6 1 4 8 .3 1 5 3 .1 1 5 4 .4 1 5 4 .1 1 6 4 .0 1 6 6 .2 1 6 8 .3 1 6 3 .5 1 6 5 .1 1 6 5 .4 1 5 1 .8 1 5 1 .2 1 5 2 .9 1 5 4 .4 ,1 5 9 .1 1 6 3 .2 1 2 1 .0 1 2 1 .8 1 2 3 .3 1 2 1 .7 1 2 8 .4 1 2 6 .9 1 2 2 .7 1 2 3 .3 1 4 2 .9 1 4 2 .4 1 6 5 .1 1 7 1 .3 1 7 3 .0 1 6 5 .8 1 7 1 .6 1 7 4 .4 1 6 2 .4 1 6 7 .7 1 7 0 .6 1 6 1 .1 1 6 5 .6 1 6 7 .8 1 7 5 .3 1 7 6 .7 1 7 7 .3 1 7 1 .5 1 7 2 .6 1 7 5 .8 1 7 4 .8 1 7 6 .4 1 8 0 .0 1 7 5 .0 1 7 7 .5 1 7 9 .2 122 8 1 5 7 .0 1 3 9 .8 1 6 0 .0 1 6 2 .2 E n t e r t a i n m e n t ....................................... 1 3 9 .7 1 3 9 .6 1 3 9 .8 1 4 5 .6 1 4 5 .9 1 4 6 .7 O t h e r g o o d s a n d s e r v ic e s 1 3 9 .6 1 4 4 .8 1 4 8 .7 1 5 7 .0 1 5 7 .3 158 5 1 6 3 .5 1 5 5 .5 1 6 5 .0 1 6 2 .8 1 6 3 .4 1 6 5 .5 1 5 8 .1 1 5 8 .0 1 6 1 .2 1 6 9 .3 1 6 9 .2 1 7 3 .4 1 4 9 .9 1 5 2 .4 1 5 2 .6 1 5 1 .7 1 5 4 .6 1 5 5 .2 1 4 9 .8 1 5 2 .1 1 5 3 .3 1 4 9 .0 1 5 1 .2 1 5 2 .4 1 4 7 .0 1 4 8 .6 1 5 3 .6 1 5 0 .1 1 5 0 .7 1 5 6 .4 1 4 8 .6 1 4 9 .6 1 5 5 .4 1 4 6 .8 1 4 7 .0 1 5 1 .7 1 7 0 .7 1 7 1 .6 1 7 5 .9 1 6 9 .0 1 7 0 .2 1 7 2 .6 1 5 4 .0 1 5 5 .3 1 5 7 .6 1 7 2 .5 1 6 8 .8 1 7 6 .6 . . C O M M O D IT Y A N D SERVICE GR OUP C o m m o d i t i e s .......................... C o m m o d itie s le s s f o o d a n d b e v e r a g e s S e r v i c e s ................................... 104 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22. C onsum er Price Index— U.S. city average, and selected areas [1967 = 100 unless otherwise specified] All U rban Consu m ers 1 982 A re a 1 U . S . c it y a v e r a g e 2 ......................................................................................................... A n c h o r a g e , A la s k a ( 1 0 /6 7 = 100) Apr. M ay June July Aug. Aug. M a r. Apr. M ay June July A ug. 2 9 2 .9 2 9 3 .4 2 9 5 .5 2 9 7 .1 2 9 8 .1 2 9 9 .3 3 0 0 .3 2 9 2 .4 2 9 3 .0 2 9 4 .9 2 9 6 .3 2 9 7 .2 2 9 8 .2 2 9 9 .5 3 0 3 .9 2 9 7 .1 2 6 1 .0 2 9 5 .6 2 9 3 .2 C in c in n a t i, O h i o - K y . - I n d ................................................................................................ D a lla s - F t. W o r t h , T e x ....................................................................................................... 3 0 4 .3 D e n v e r - B o u ld e r , C o lo ....................................................................................................... H o n o lu lu , H a w a i i ............................................................................................................. 2 9 3 .7 2 9 5 .3 292 4 2 6 9 .4 2 9 8 .6 3 1 4 .1 2 9 4 .9 2 7 2 .8 3 0 1 .6 292 5 3 2 7 .3 3 1 0 .6 3 1 5 .9 300 2 3 1 2 .4 3 3 4 .7 2 9 4 .9 2 9 9 .6 2 6 5 .5 335 8 2 9 6 .6 2 9 8 .4 2 7 1 .4 2 9 3 .6 3 0 7 .6 2 9 8 .8 2 7 3 .5 2 8 9 .3 2 9 4 .8 2 6 9 .5 2 9 5 .8 3 0 9 .5 2 9 6 .4 3 1 7 .6 3 0 6 .3 298 9 2 9 7 .4 3 0 8 .0 3 3 1 .9 2 9 5 .0 2 8 5 .1 3 1 6 .8 3 0 1 .7 2 8 9 .8 2 8 8 .0 2 8 3 .3 3 1 5 .4 326 8 3 0 4 .3 2 9 7 .4 2 8 5 .1 2 7 8 .4 2 9 1 .4 2 5 7 .5 3 0 2 .0 2 9 6 .7 2 8 4 .3 2 8 5 .9 3 2 5 .5 3 0 8 .6 3 2 9 .6 2 9 2 .7 2 9 6 .3 3 1 1 .3 2 5 4 .7 3 0 0 .1 2 9 5 .0 2 8 9 .1 2 8 4 .3 3 2 0 .6 2 5 3 .9 3 0 0 .4 2 8 7 .3 2 8 2 .5 3 0 7 .6 3 1 2 .2 2 6 5 .8 3 0 2 .3 296 5 2 8 5 .9 2 6 7 .7 C le v e la n d , O h i o .................................................................................................................. D e t r o it. M i c h ........................................................................................................................... 2 6 2 .5 2 9 7 .6 2 9 2 .4 B a ltim o r e , M d ........................................................................................................................ C h ic a g o , I II .- N o r th w e s t e r n I n d ................................................................................. 1983 M a r. B o s t o n . M a s s ......................................................................................................................... B u ffa lo , N . Y ............................................................................................................................. 1982 Aug. .................................................................. A t la n t a , G a ................................................................................................................................ U rban W a g e E arn ers and C le ric a l W o rk e rs (re v is e d ) 198 3 309 0 3 3 1 .7 3 0 0 .7 3 0 3 .8 3 0 3 .7 276 9 2 7 3 .4 H o u s t o n . T e x .......................................................................................................................... 3 1 8 .6 3 1 6 .7 3 2 1 .3 3 2 4 .0 3 1 5 .3 3 1 7 .6 3 1 9 .7 321 6 K a n s a s C ity , M o .- K a n s a s ........................................................................................ 2 8 5 .0 2 9 5 .9 2 9 7 .5 3 0 1 .3 2 8 3 .6 2 9 3 .5 2 9 8 .3 299 3 L o s A n g e le s - L o n g B e a c h , A n a h e im , C a lif ........................................................ 2 8 9 .1 2 9 5 .2 2 9 2 .8 3 1 6 .2 3 1 3 .3 2 8 9 .5 2 7 7 .1 2 8 0 .3 2 8 9 ,9 2 8 0 .7 2 8 5 .5 3 1 0 .2 2 9 1 .8 M ia m i, F la . ( 1 1 / 7 7 = 100) ................................................................................... 2 8 7 .1 2 8 9 .5 1 5 9 .0 M ilw a u k e e , W is .................................................................................................................... 3 1 3 .8 N e w Y o r k , N . Y . - N o r th e a s te r n N . J ......................................................................... 2 7 8 .5 N o r th e a s t , P a . ( S c r a n t o n ) ........................................................................................ 2 8 6 .5 2 7 8 .9 P h ila d e lp h ia , P a . - N . J ........................................................................................................ 2 8 1 .3 P itt s b u r g h , P a ........................................................................................................................ 2 9 1 .4 P o r tla n d , O r e g . - W a s h ...................................................................................................... 2 8 3 .Q 2 8 7 .4 2 8 8 .1 2 8 9 .1 2 8 4 .3 2 8 6 .1 2 8 8 .3 3 0 5 .2 2 8 4 .7 3 0 5 .4 2 9 0 .2 2 9 2 .1 2 8 3 .8 286 8 286 5 3 0 8 .5 285 9 2 8 6 .1 2 8 8 .7 2 9 1 .1 2 8 2 .9 3 0 0 .7 299 5 2 8 3 .8 2 8 6 .4 2 9 3 .2 2 9 5 .4 2 9 9 .3 2 9 3 .2 2 9 4 .0 2 9 6 .7 3 2 7 .5 3 3 2 .0 3 3 5 .2 3 1 5 .4 3 1 4 .8 3°0 0 2 9 9 .3 3 0 3 .0 3 0 6 .0 3 0 2 .8 2 9 4 .7 2 9 8 .6 3 0 1 .6 S e a t tle - E v e r e t t, W a s h ........................................................................ 2 9 7 .8 3 0 0 .9 3 0 6 .3 2 9 0 .8 2 9 0 .4 2 9 4 .2 W a s h in g t o n , D . C . - M d . - V a ....................................................................................... 2 8 9 .0 2 9 2 .6 2 9 6 .8 2 9 4 .3 2 9 7 .5 3 0 0 .0 1 T h e a r e a s lis te d in c lu d e n o t o n ly t h e c e n t r a l c it y b u t th e e n t ir e p o r tio n o f th e S t a n d a r d M e tr o p o lita n 2 9 3 .3 3 0 4 .2 S t. L o u is , M o . - I l l ............................................................................................................ 3 0 4 .3 288 4 2 8 6 .5 S a n D ie g o , C a lif ........................................................................ S a n F r a n c is c o - O a k la n d , C a lif ............................................................................. 2 9 3 .7 325 0 3 1 1 .8 2 8 2 .2 2 8 3 .0 293 2 1 6 2 .8 3 1 5 .4 3 1 2 .4 2 8 0 .6 2 9 1 .5 2 9 2 .1 1 6 1 .4 3 1 1 .0 2 8 3 .4 2 8 8 .5 2 8 9 .6 1 5 9 .7 3 1 0 .1 312 6 2 8 1 .7 283 5 2 9 4 .5 1 6 0 .8 3 0 8 .8 3 0 9 .4 2 8 3 .5 2 9 3 .6 1 5 9 .4 3 0 5 .0 M i n n e a p o lis - S t. P a u l, M i n n . - W is ........................................................................... 2 9 2 .0 278 2 2 A v e r a g e o f 8 5 c it ie s . S t a tis tic a l A r e a , a s d e f in e d f o r th e 1 9 7 0 C e n s u s o f P o p u la tio n , e x c e p t t h a t th e S t a n d a r d C o n s o lid a t e d A r e a is u s e d f o r N e w Y o r k a n d C h ic a g o . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 105 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Producer Prices 23. Producer Price Indexes, by stage of processing [1967 = 100] A nnual C o m m o d ity grouping 1 982 1983 averag e Sept. 1 982 Oct. Nov. Dec. Jan. Feb. M a r. Apr. M ay1 June July A ug. Sept. 2 8 3 .4 2 8 3 .1 r284 2 2 8 5 .0 2 8 5 .7 2 8 6 .2 2 8 5 .1 285 6 2 8 5 .1 F IN IS H E D GOODS F in is h e d g o o d s ............................................................................................................. F in is h e d c o n s u m e r g o o d s .......................................................................... F in is h e d c o n s u m e r f o o d s 2 8 0 .6 2 8 1 .2 2 8 4 .1 2 8 4 .9 2 8 5 .5 2 8 3 .9 2 8 4 .1 2 8 1 .0 2 8 1 .9 2 8 4 .3 2 8 5 .3 2 8 5 .6 2 8 3 .5 2 8 3 .7 2 8 2 .7 2 8 2 .3 r 2 8 3 .6 2 8 4 .4 2 8 5 .2 ...................................................................... 2 5 9 .3 2 5 9 .9 2 5 7 .7 2 5 7 .4 2 5 8 .3 2 5 8 .4 2 6 1 .0 2 6 1 .1 2 6 2 .9 r262 6 2 6 1 .0 2 6 0 .8 2 6 1 .0 C r u d e .................................................................................................................. 2 5 2 .7 2 2 8 .2 2 3 2 .4 236 1 2 4 7 .6 2 3 2 .9 2 4 0 .8 2 4 7 .9 2 6 5 .8 r2 6 7 2 2 5 0 .9 2 4 9 .7 2 6 2 .4 2 6 9 .8 P ro c e s s e d 2 5 7 .7 2 6 0 .6 2 5 7 .9 2 5 7 .2 2 5 7 .1 2 5 8 .5 2 6 0 .7 2 6 0 .1 2 6 0 .5 2 6 0 .1 2 5 9 .8 2 5 9 .6 2 5 8 .7 2 6 0 .5 .................................................................................................... 2 6 3 .3 N o n d u r a b le g o o d s le s s f o o d s ............................................................. 3 3 3 .6 3 3 8 .3 3 4 0 .0 D u r a b le g o o d s 2 2 6 .7 2 2 3 .0 2 3 1 .0 2 3 1 .2 2 3 2 .0 2 3 1 .7 2 3 2 .9 2 3 1 .9 2 3 2 .2 r2 3 2 .9 2 3 2 .8 2 3 3 .1 2 3 3 .5 2 2 8 .9 . . . 2 2 3 .8 2 2 5 .5 2 2 7 .8 2 2 8 .4 2 2 9 .2 2 2 8 .3 2 2 8 .9 2 2 9 .4 2 3 0 .1 r2 3 0 .3 2 3 0 .4 2 3 2 .2 2 3 2 .3 2 3 2 .8 C a p ita l e q u i p m e n t ................................................................................................ 2 7 9 .4 2 7 8 .8 2 8 3 .2 2 8 3 .8 2 8 4 .9 2 8 5 .2 2 8 5 .6 2 8 5 .6 2 8 6 .2 r2 8 6 .5 2 8 6 .9 2 8 7 .4 2 8 8 .0 2 8 5 .4 In te r m e d ia te m a te r ia ls , s u p p lie s , a n d c o m p o n e n t s ............................... 3 1 0 .4 3 1 0 .5 3 0 9 .9 3 0 9 .9 3 1 0 .1 3 0 9 .2 3 0 9 .9 3 0 9 .5 3 0 8 .7 r3 0 9 .7 3 1 1 .7 3 1 3 .0 3 1 4 .4 3 1 5 .7 M a te r ia ls a n d c o m p o n e n ts f o r m a n u f a c t u r i n g .............................. 2 8 9 .8 2 8 9 .9 2 8 9 .4 2 8 8 .7 2 8 8 .3 2 8 8 .6 2 9 1 .1 2 9 0 .2 2 9 1 .0 r 2 9 1 .9 2 9 2 .4 2 9 3 .4 2 9 4 .8 2 9 6 .3 M a te r ia ls f o r f o o d m a n u f a c t u r i n g .................................................... 2 5 5 .1 2 5 7 .3 2 5 4 .2 2 5 1 .0 2 4 9 .8 2 5 0 .9 2 5 4 .1 2 5 2 .8 2 5 5 .1 r2 5 7 .0 2 5 7 .1 2 5 7 .3 2 6 0 .8 2 6 9 .3 ................................................................................................ C o n s u m e r n o n d u r a b le g o o d s le s s f o o d a n d e n e r g y 3 4 2 .5 3 4 2 .2 336 6 3 3 3 .7 3 3 2 .0 3 2 8 .7 3 3 2 .0 3 3 5 .6 3 3 7 .8 3 3 8 .4 3 3 8 .6 IN TER M ED IA TE M A TER IA LS • ................................... 2 8 4 .4 2 8 1 .7 2 8 0 .4 2 7 9 .2 2 7 8 .0 2 7 7 .0 2 7 7 .0 2 7 6 .6 2 7 7 .3 2 7 7 .7 2 7 8 .0 2 7 8 .3 2 8 1 .4 2 8 1 .9 ............................................ 3 1 0 .1 3 1 0 .5 3 0 9 .8 3 0 9 .3 3 0 9 .4 3 1 2 .0 3 1 9 .2 3 1 5 .7 3 1 6 .6 3 1 8 .4 3 1 8 .4 3 2 0 .1 3 2 0 .6 3 2 2 .8 C o m p o n e n t s f o r m a n u f a c t u r i n g ......................................................... 2 7 3 .9 2 7 5 .8 2 7 6 .7 2 7 6 .9 2 7 7 .3 2 7 6 .8 2 7 7 .6 2 7 8 .3 2 7 8 .9 r2 7 9 .4 2 8 0 .6 2 8 1 .8 2 8 1 .7 2 8 1 .8 M a te r ia ls f o r n o n d u r a b le m a n u fa c t u r in g M a te r ia ls f o r d u r a b le m a n u fa c t u r in g M a te r ia ls a n d c o m p o n e n ts f o r c o n s t r u c t i o n ................................... 2 9 3 .7 2 9 4 .2 2 9 3 .7 2 9 3 .6 2 9 4 .7 2 9 6 .5 2 9 8 .8 299 6 3 0 0 .9 r 3 0 1 .2 3 0 1 .5 3 0 2 .9 3 0 3 .6 3 0 2 .8 P r o c e s s e d fu e ls a n d l u b r i c a n t s ................................................................. 5 9 1 .7 5 9 2 .3 5 9 0 .0 5 9 3 .0 595 0 5 7 7 .9 5 6 5 .4 5 6 4 .2 5 4 3 .3 r5 4 7 .8 5 6 7 .4 5 7 2 .7 5 7 6 .4 5 7 9 .2 M a n u fa c t u r in g i n d u s t r i e s .......................................................................... 4 9 7 .8 4 9 6 .4 4 9 6 .6 5 0 0 .4 5 0 2 .2 4 8 5 .2 4 7 5 .5 4 8 0 .6 4 6 0 .4 r4 6 2 . 9 4 8 3 .6 4 8 7 .7 4 9 1 .1 4 9 5 .4 N o n m a n u fa c t u r in g I n d u s tr ie s 6 7 4 .3 6 7 6 .9 6 7 2 .1 6 7 4 .2 6 7 6 .4 6 5 9 .4 6 4 4 .6 6 3 7 .2 6 1 5 .9 r6 2 2 ,2 6 4 0 .5 6 4 7 .0 6 5 0 .9 6 5 2 .1 C o n t a i n e r s ............................................................................................ 2 8 5 .6 2 8 5 .3 2 8 5 .1 2 8 4 .9 2 8 5 .0 2 8 5 .0 2 8 5 .3 2 8 5 .2 2 8 4 .8 r 2 8 5 .8 285 9 2 8 6 .5 2 8 6 .8 2 8 7 .3 S u p p l i e s ............................................................................................ 2 8 0 .1 ............................................................. 2 7 2 .1 2 7 2 .2 2 7 2 .0 2 7 2 .8 2 7 3 .0 2 7 3 .1 2 7 3 .5 2 7 3 .9 2 7 5 .5 r2 7 5 6 2 7 5 .9 2 7 6 .4 2 7 8 .0 M a n u fa c t u r in g i n d u s t r i e s ............................................................. 2 6 5 .8 2 6 6 .7 2 6 6 .9 2 6 6 .9 2 6 7 .2 2 6 7 .4 2 6 7 .8 2 6 8 .1 2 6 8 .6 r268 9 2 7 0 .2 2 7 0 .4 2 7 0 .6 N o n m a n u fa c t u r in g in d u s t r ie s 2 7 5 .7 2 7 5 .3 2 7 4 .9 2 7 6 .1 2 7 6 .3 2 7 6 .4 2 7 6 .8 2 7 7 .1 2 7 9 .3 r279 3 2 7 9 .1 2 7 9 .8 2 8 2 .0 F e e d s ....................................................................................... 2 8 5 .0 2 0 7 .0 1 9 8 .1 1 9 2 .9 1 9 9 .8 2 0 4 .7 2 0 6 .5 2 0 7 .4 2 0 7 .7 2 1 9 .8 r 2 1 8 .1 2 1 3 .6 2 1 6 .1 2 3 0 .2 2 4 7 .1 O th e r s u p p l i e s ...................................................................... 2 8 9 .8 2 9 1 .3 2 9 1 .9 2 9 1 .9 2 9 1 .1 2 9 0 .9 2 9 1 .2 2 9 1 .6 2 9 1 .9 r2 9 2 .2 2 9 2 .8 2 9 3 .1 2 9 3 .1 2 9 3 .5 3 1 9 .5 3 1 6 .1 3 1 2 .0 3 1 3 .2 3 1 2 .7 3 1 3 .9 3 2 0 .2 3 2 1 .6 3 2 5 .8 r3 2 5 .8 3 2 3 .2 3 2 0 .6 3 2 6 .9 3 2 8 .3 2 4 7 .8 2 4 2 .9 2 3 6 .3 2 3 6 .3 2 3 7 .1 2 3 9 .6 2 4 9 .3 2 4 9 .1 2 5 6 .8 2 5 6 .5 2 5 2 .1 2 4 8 .6 2 5 6 .6 2 5 7 .4 ....................................... 2 7 1 .2 CRUDE M A TER IA LS C r u d e m a te r ia ls f o r f u r t h e r p r o c e s s in g ...................... F o o d s t u ff s a n d f e e d s t u f f s ........................................ N o n f o o d m a t e r i a l s ................................................ N o n f o o d m a te r ia ls e x c e p t f u e l ............................................ M a n u fa c t u r in g in d u s t r ie s ................. C o n s t r u c t i o n ................................... C r u d e f u e l ............................................................. M a n u fa c t u r in g in d u s t r ie s . . . . N o n m a n u fa c t u r in g i n d u s t r i e s .................. 4 7 3 .9 • 4 7 3 .7 4 7 4 .8 4 7 8 .6 4 7 5 .3 4 7 3 .6 4 7 3 .0 4 7 7 .7 4 7 4 .6 r 4 7 5 .4 4 7 6 .4 4 7 5 .5 4 7 8 .4 4 8 1 .1 3 7 6 .8 3 6 9 .5 3 7 1 .9 369 2 3 6 5 .8 3 6 8 .0 3 6 6 .0 3 6 6 .8 367 0 r 3 6 9 .0 3 6 9 .9 3 7 0 .5 3 7 4 .2 376 6 3 8 7 .2 3 7 9 .1 3 8 2 .2 3 7 9 .2 3 7 5 .0 3 7 7 .6 3 7 5 .1 3 7 5 .9 3 7 6 .1 r3 7 8 .3 3 7 9 .6 3 7 9 .6 3 8 3 .9 386 5 2 7 0 .3 2 6 8 .8 2 6 6 .3 2 6 5 .6 268 1 2 6 7 .5 2 6 9 .1 2 6 9 .3 2 7 0 .0 2 7 0 .3 2 6 8 .1 2 7 2 .9 2 7 2 .5 2 7 3 .1 8 8 6 .1 9 2 3 .5 9 1 7 .2 9 5 4 .7 9 5 2 .2 9 3 0 .7 9 3 7 .7 9 6 1 .8 9 4 1 .6 r9 3 5 .9 9 3 7 .7 9 2 9 .1 926 8 931 2 1 , 0 3 4 .8 1 ,0 8 3 .6 1 ,0 7 5 .3 1 ,1 2 5 .5 1 ,1 2 1 .4 1 ,0 9 3 .8 1 ,1 0 3 ,9 1 ,1 3 4 .3 1 ,1 0 7 .6 r 1 , 1 0 0 .9 1 ,1 0 3 .6 1 ,0 9 1 9 1 089 5 1 094 7 7 8 2 .2 8 1 0 .7 8 0 5 .9 8 3 4 .2 8 3 2 .2 8 1 5 .5 8 2 0 .0 8 3 9 .2 8 2 4 .0 r 8 1 9 .1 8 2 0 .1 8 1 4 .1 8 1 1 .7 8 1 5 .7 SPECIA L G R O U P IN G S F in is h e d g o o d s e x c lu d in g f o o d s . . . 2 8 5 .8 2 8 6 .3 2 9 0 .8 2 9 2 .0 2 9 2 .5 2 9 0 .3 2 8 9 .6 2 8 8 .7 2 8 7 .7 2 8 9 .3 F in is h e d c o n s u m e r g o o d s e x c lu d in g f o o d s 2 9 0 .8 291 9 292 4 ?90 3 2 8 7 .8 2 8 8 .9 293 3 2 9 4 .8 2 9 5 .0 2 9 1 .4 2 9 0 .3 2 8 8 .9 2 8 7 .3 2 8 9 .4 2 9 1 .4 F in is h e d c o n s u m e r g o o d s le s s e n e r g y 292 7 293 2 291 3 2 4 4 .1 2 4 3 .9 2 4 6 .5 2 4 6 .7 2 4 7 .6 2 4 7 .1 2 4 8 .7 2 4 8 .6 2 4 9 .5 r 2 4 9 .7 2 4 9 .2 2 4 9 .8 2 5 0 .1 2 4 9 .6 3 1 5 .7 3 1 5 .9 3 1 5 .5 3 1 5 .5 3 1 5 .7 3 1 4 .6 3 1 5 .2 3 1 4 .8 3 1 3 .6 3 1 4 .6 316 8 318 1 319 2 319 8 2 9 0 .4 2 9 0 .5 2 9 0 .1 2 8 9 .8 2 9 0 .0 290 5 2 9 2 .4 2 9 2 .1 2 9 3 .2 2 9 3 .9 2 9 4 .3 2 9 5 .3 2 9 6 .6 2 9 7 .8 2 3 9 .4 2 3 8 .1 2 3 4 .4 2 3 4 .4 2 3 5 .1 2 3 6 .4 2 3 8 .8 2 3 8 .0 2 4 3 .6 r2 4 4 .4 2 4 2 .9 2 4 3 .8 2 5 0 .9 2 6 2 .2 5 3 6 .3 5 3 5 .5 5 3 7 .2 5 4 1 .9 5 3 7 ,4 5 3 6 .0 5 3 5 .1 5 3 9 .7 5 3 6 .1 5 3 6 .2 5 3 7 .5 536 3 539 0 541 7 2 4 0 .4 2 3 5 .6 2 3 0 .0 2 2 9 .2 2 2 9 .9 2 3 2 .5 2 4 1 .4 2 4 2 .7 2 4 8 .6 r2 4 9 .0 2 4 6 .0 2 4 3 .7 2 5 0 .9 2 5 2 .2 In te r m e d ia te m a te r ia ls le s s f o o d s a n d fe e d s . In te r m e d ia te m a te r ia ls le s s e n e r g y In te r m e d ia te f o o d s a n d f e e d s ...................... C r u d e m a te r ia ls le s s a g r ic u lt u r a l p r o d u c ts C r u d e m a te r ia ls le s s e n e r g y . . 1 D a ta f o r M a y 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t th e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . 106 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = r e v is e d , 24. P roducer Price Indexes, by com m odity groupings [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] 1 982 Annual 1983 a verag e C o m m o d ity group and subgroup Code 1 982 Sept. Oct. Nov. Dec. Jan . Feb. M a r. Apr. M ay1 June July A ug. Sept. All c o m m o d itie s 2 9 9 .3 2 9 9 .3 2 9 9 .8 3 0 0 .3 3 0 0 .7 2 9 9 .9 3 0 0 .9 3 0 0 .6 300 6 r 3 0 1 .5 3 0 2 .5 3 0 3 .2 3 0 4 .9 3 0 5 .3 All c o m m o d itie s ( 1 9 5 7 -5 9 = 1 0 0 ) 3 1 7 .6 3 1 7 .6 3 1 8 .1 3 1 8 .6 3 1 9 .0 3 1 8 .2 3 1 9 .3 3 1 8 .9 3 1 8 .9 r3 1 9 .9 3 2 1 .0 3 2 1 .7 323 5 3 2 3 .9 Farm products and p rocessed foods and feeds 2 4 8 .9 2 4 7 .4 2 4 3 .8 2 4 3 .9 2 4 4 .8 2 4 5 .8 2 5 0 .4 2 5 0 .6 2 5 4 .7 2 5 4 .7 3 5 2 .4 2 5 1 .6 2 5 5 .7 2 5 9 .2 In d u s tria l c o m m o d itie s 3 1 2 .3 3 1 2 .7 3 1 4 .3 3 1 5 .0 3 1 5 .2 3 1 3 .9 3 1 3 .9 3 1 3 .5 3 1 2 .4 . r 3 1 3 .6 3 1 5 .4 3 1 6 .6 3 1 7 .5 3 1 7 .2 F a r m p r o d u c t s ........................................................................................................................... 2 4 2 .4 2 3 4 .5 299 2 2 3 0 .7 2 3 2 .6 2 3 3 .2 2 4 0 .7 2 4 1 .5 2 5 0 .5 r2 5 0 .4 2 4 7 .3 2 4 4 .3 2 5 3 .5 2 5 6 .3 0 1 -1 F r e s h a n d d r ie d f r u i t s a n d v e g e t a b l e s ............................................................. 2 5 3 .7 2 2 1 .0 2 2 3 .0 2 3 3 .4 2 4 8 .8 2 2 7 .6 2 2 7 .8 2 3 4 .9 2 6 6 .6 r2 6 0 .1 2 6 3 .9 2 5 8 .0 2 6 9 .9 2 7 5 .5 0 1 -2 G r a i n s ........................................................................................................................................ 210 9 1 8 7 .3 1 8 3 .2 1 9 8 .6 2 6 2 .3 2 0 6 .3 222 4 2 2 7 .4 2 4 3 .8 2 4 2 .2 2 4 1 .5 2 3 6 .7 2 5 1 .8 2 5 8 .0 0 1 -3 L i v e s t o c k ................................... ........................................................................................... 2 5 7 .8 2 5 9 .0 2 4 8 .5 2 3 9 .1 2 3 7 .2 2 4 2 .3 2 5 1 .1 2 5 1 .4 2 6 0 .6 2 5 8 .0 2 5 1 .7 2 4 0 .7 2 4 2 .2 231 5 0 1 -4 L iv e p o u l t r y ........................................................................................................................... 1 9 1 .9 1 9 6 .5 1 7 7 .1 1 8 1 .6 1 7 7 .8 1 7 7 .1 2 0 0 .1 1 7 7 .8 1 7 0 .8 1 8 6 .9 1 9 9 .3 2 1 4 .5 2 2 1 .4 2 4 2 .2 0 1 -5 P la n t a n d a n im a l f ib e r s ............................................................................................ 2 0 2 .9 1 9 6 .8 1 9 8 .1 1 9 5 .3 2 0 0 .6 2 0 1 .7 2 0 6 .4 2 1 7 .0 2 1 3 .6 r2 2 3 .8 229 7 2 3 0 .4 2 4 0 .7 2 3 8 .7 0 1 -6 F lu id m i l k ............................................................................................................................... 282 5 281 9 2 8 5 .0 2 8 5 .9 2 8 5 .5 2 8 4 .5 2 8 4 .3 2 8 2 .9 2 8 0 .8 2 7 9 .8 2 7 8 .6 2 7 8 .7 281 7 FA R M P R O D U C TS A N D PRO CESSED FOODS AND FEEDS 01 2 8 4 .4 0 1 -7 E g g s ............................................................................................................................................ 1 7 8 .7 1 7 3 .3 1 7 7 .9 1 7 2 .5 1 7 0 .0 1 7 0 .0 1 7 0 .0 1 7 0 .0 1 7 0 .0 1 8 5 .1 1 6 9 .3 1 7 7 .2 1 8 9 .5 200 1 0 1 -8 H a y , h a y s e e d s , a n d o ils e e d s ............................................................................... 2 1 2 .8 2 0 1 .8 1 9 4 .3 2 0 4 .8 2 0 9 .0 2 1 2 .4 2 1 7 .9 2 1 7 .8 2 2 6 .3 2 2 7 .3 2 1 3 .3 2 2 7 .3 2 6 2 .8 2 9 7 .8 0 1 -9 O th e r f a r m p r o d u c t s ..................................................................................................... 2 7 4 .5 2 7 6 .8 2 7 4 .0 2 7 6 .3 2 8 0 .1 2 7 9 .9 2 8 1 .2 2 8 0 .3 2 7 9 .2 2 8 1 .0 2 8 4 .4 2 8 2 .5 2 8 5 .7 2 8 7 .3 2 5 0 .2 2 5 0 .5 2 5 6 .0 2 5 6 .1 0 2 -1 C e r e a l a n d b a k e r y p r o d u c t s ................................................................................... 2 5 3 .8 2 5 4 .0 2 5 3 .0 2 5 4 .2 2 5 6 .2 2 5 7 .3 2 5 6 .8 2 5 6 .9 2 5 8 .8 r 2 5 9 .1 2 6 0 .0 2 6 1 .9 2 6 2 .6 2 6 3 .2 0 2 -2 02 P r o c e s s e d f o o d s a n d f e e d s ............................................................................................ M e a ts , p o u ltr y , a n d f i s h ............................................................................................ 2 5 7 .6 2 6 5 .7 2 5 6 .9 2 5 1 .6 2 4 9 .9 2 5 2 .3 2 6 1 .0 2 6 0 .7 259 1 r2 5 7 8 2 5 0 .3 2 4 8 .2 2 4 5 .1 2 4 4 .3 0 2 -3 D a r y p r o d u c ts .................................................................................................................. 2 5 1 .5 2 4 9 .1 2 5 0 .8 ' 2 5 4 .5 2 5 4 .2 2 5 4 .6 2 5 5 .8 259 7 250 2 2 5 0 .8 2 5 0 .3 2 5 0 .4 2 5 0 .5 P r o c e s s e d f r u i t s a n d v e g e t a b l e s ........................................................................... 2 7 4 .5 2 7 2 .8 2 7 3 .4 2 7 2 .8 2 7 5 .7 2 7 4 .8 2 7 4 .3 2 7 4 .9 2 7 3 .7 r2 7 5 .3 2 7 6 .8 2 7 7 .0 2 7 8 .2 2 7 8 .1 S u g a r a n d c o n f e c t i o n e r y ............................................................................................ 2 6 9 .7 2 7 8 .5 2 7 6 .3 2 8 0 .4 2 8 0 .1 2 8 2 .1 2 8 6 .4 283 7 2 8 7 .4 r 2 8 9 .9 2 9 6 .0 2 9 6 .4 2 9 8 .9 3 0 0 .1 0 2 -6 B e v e r a g e s a n d b e v e r a g e m a te r ia ls 2 5 6 .9 2 5 7 .1 2 5 7 .9 2 5 8 .4 2 5 8 .8 2 6 0 .1 2 6 1 .3 2 6 2 .0 2 6 3 .0 r 2 6 3 .6 2 6 2 .8 2 6 3 .0 2 6 3 .4 2 6 4 .5 F a ts a n d o il s ...................................................................................................................... 2 5 0 .7 2 5 4 .7 0 2 -4 0 2 -7 2 4 9 .8 2 5 1 .7 0 2 -5 .................................................................. 2 4 8 .9 253 5 2 5 0 .9 2 5 0 .7 2 5 1 .0 2 5 0 .9 2 5 0 .4 2 1 1 .4 2 1 3 .8 2 1 9 .4 2 2 2 .7 2 4 5 .7 3 0 3 .7 0 2 -8 M is c e lla n e o u s p r o c e s s e d f o o d s ........................................................................... 2 4 8 .6 2 4 7 .0 2 4 7 .9 2 4 7 .8 2 4 8 .6 2 4 8 .8 2 4 9 .3 2 4 8 .5 2 4 9 .9 2 4 9 .9 2 5 0 .4 2 5 3 .9 2 5 1 .8 2 5 7 .5 0 2 -9 P r e p a r e d a n im a l f e e d s ................................................................................................ 2 1 1 .3 2 0 4 .3 1 9 9 .8 2 0 6 .0 2 1 0 .1 2 1 1 .6 2 1 2 .3 2 1 2 .4 222 8 r 2 2 1 .3 2 1 7 .3 2 1 9 .9 2 3 2 .6 2 4 7 .2 2 0 4 .6 2 0 4 .3 2 0 4 .1 2 0 3 .9 2 0 2 .6 2 0 2 .7 2 0 2 .6 2 0 3 .4 2 0 3 .5 r 2 0 4 .3 2 0 4 .5 2 0 5 .1 2 0 5 .7 2 0 5 .8 1 6 2 .1 1 6 2 .5 1 6 1 .1 1 6 1 .2 1 5 9 .7 1 5 6 .7 1 5 3 .1 1 5 3 .9 1 5 3 .8 r 1 5 5 .6 1 5 6 .6 1 5 9 .1 1 5 8 .4 1 5 8 .6 1 3 8 .3 1 3 6 .6 1 3 6 .5 1 3 6 .7 1 3 6 .7 1 3 4 .7 1 3 5 .0 1 3 5 .8 1 3 6 .0 M 3 7 .4 1 3 7 .6 1 3 8 .5 1 4 0 .2 1 4 0 .5 1 4 3 .7 1 4 3 .1 1 4 4 .3 M 4 6 .2 1 4 5 .8 1 4 6 .0 1 4 6 .6 1 4 7 .1 2 1 5 .1 2 0 7 .2 2 0 3 .0 2 0 1 .7 2 0 5 .3 2 0 6 .0 2 1 4 .6 r2 2 0 .0 IN D U S T R IA L C O M M O D IT IE S 03 T e x t ile p r o d u c ts a n d a p p a r e l ........................................................................................ 0 3 -1 S y n t h e tic f ib e r s ( 1 2 / 7 5 = 0 3 -2 P r o c e s s e d y a r n s a n d t h r e a d s ( 1 2 /7 5 = 0 3 -3 G r a y f a b r i c s ( 1 2 /7 5 = 1 0 0 ) ...................................................................... 100) ....................................... 1 0 0 ) ................................................................................... 1 4 3 .3 1 4 4 .4 1 4 5 .1 1 4 5 .8 0 3 -4 F in is h e d f a b r i c s ( 1 2 / 7 5 = 1 0 0 ) .......................................................................... 1 2 4 .6 1 2 3 .7 1 2 3 .2 1 2 3 .0 1 2 2 .8 1 2 2 .2 1 2 2 .3 1 2 2 .4 1 2 3 .1 r 1 2 2 .8 1 2 2 .5 1 2 2 .4 1 2 3 .5 0 3 -8 1 A p p a r e l .................................................................................................................................... 1 9 4 .4 1 9 5 .4 1 9 5 .7 1 9 5 .4 1 9 3 .0 1 9 4 .4 1 9 5 .0 1 9 6 .1 1 9 5 .8 r 1 9 6 .5 1 9 6 .6 1 9 7 .1 1 9 7 .3 1 9 7 .4 0 3 -8 2 T e x t ile h o u s e f u r n i s h i n g s ............................................................................................ 2 3 8 .5 2 3 8 .2 2 3 6 .2 2 3 6 .2 236 2 2 3 6 .5 2 3 4 .3 2 3 4 .2 2 3 4 .2 r2 3 7 .6 2 3 9 .5 238 9 2 3 8 .5 2 3 8 .6 04 H id e s , s k in s , le a th e r , a n d r e la te d p r o d u c t s ..................................................... 0 4 -2 L e a th e r 0 4 -3 F o o tw e a r 0 4 -4 O t h e r le a t h e r a n d r e la te d p r o d u c ts 05 0 5 -1 .................................................................................................................................... ......................................................................................................... 1 2 3 .3 2 6 2 .6 2 6 3 .5 2 6 3 .2 2 6 3 .2 2 6 4 .1 2 6 6 .7 2 6 4 .3 2 6 4 .9 2 6 7 .4 r2 6 9 .4 2 7 0 .6 2 7 2 .7 2 7 5 .5 2 7 5 .3 3 1 1 .4 3 0 9 .2 3 0 9 .5 3 1 2 .8 3 1 4 .4 3 1 4 .4 3 1 2 .8 3 1 6 .2 3 2 0 .5 r 3 2 6 .6 3 3 4 .0 3 3 3 .3 3 4 5 .7 3 4 1 .8 2 4 5 .0 2 4 8 .3 2 4 8 .0 2 4 9 .1 2 4 7 .7 2 5 1 .5 2 4 7 .7 2 4 8 .1 2 5 0 .0 2 4 8 .7 2 4 9 .0 249 9 2 5 0 .1 2 5 0 .9 2 4 7 .4 2 4 7 .7 2 4 7 .2 2 4 7 .1 2 4 9 .1 2 5 0 .8 2 5 1 .0 2 5 0 .9 2 5 1 .0 r 2 5 1 .7 2 5 2 .1 2 5 7 .4 2 5 7 .6 2 5 7 .0 F u e ls a n d r e la te d p r o d u c ts a n d p o w e r .................................................................. 6 9 3 .2 7 0 0 .4 6 9 8 .8 7 0 6 .1 7 0 3 .4 6 8 3 .6 6 6 8 .6 6 5 8 .0 6 4 4 .8 r 6 5 1 .9 6 6 8 .7 6 7 1 .6 6 7 4 .3 6 7 5 .7 C o a l ............................................................................................................................................ 0 5 -2 C o k e ............................................................................................................................... G a s f u e ls 2 ..................................................................................................... 0 5 -4 E le c tir c p o w e r 0 5 -6 1 C r u d e p e t r o le u m 3 0 5 -7 P e t r o le u m p r o d u c t s , r e fin e d 4 ......................................................................................................... ............................................................................................ .......................................................................... C h e m ic a ls a n d a llie d p r o d u c t s .................................................................. 0 6 -1 1 4 3 .6 .................................................................. 0 5 -3 06 1 4 5 .3 5 3 4 .7 5 3 8 .5 5 3 8 .1 5 3 9 .6 5 3 8 .7 5 3 5 .6 5 3 3 .4 5 3 8 .6 5 3 8 .0 r 5 3 5 .2 5 3 4 .0 5 3 5 .5 5 3 4 .0 5 3 6 .1 4 6 1 .7 4 6 0 .0 4 5 2 .3 5 6 2 .3 4 5 2 .3 4 5 0 .9 4 5 0 .9 4 4 7 .3 4 4 7 .3 4 3 8 .4 4 3 8 .4 4 3 8 .4 4 3 4 .6 4 5 3 .9 1 ,0 6 0 .8 1 ,1 1 2 .2 1 , 1 3 0 .1 1 ,1 9 0 .0 1 ,1 8 1 .2 1 ,1 4 7 .3 1 ,1 5 4 .7 1 ,1 8 0 .0 1 , 1 5 6 .1 r 1 ,1 5 6 .7 1 ,1 5 7 .4 1 ,1 5 1 .2 1 ,1 4 8 .2 1 ,1 4 9 .3 4 0 6 .5 4 1 5 .0 4 0 8 .7 4 0 4 .9 4 0 9 .9 4 1 0 .8 4 1 0 .8 4 1 1 .4 4 0 9 .2 r4 1 2 .2 4 1 9 .7 4 2 5 .1 4 2 5 .9 4 2 8 .2 7 3 3 .4 7 1 8 .3 7 3 5 .3 7 3 3 .6 7 2 0 .0 719 7 6 9 2 .9 6 7 8 .0 6 7 8 .0 r6 7 8 .0 6 7 8 .4 6 7 6 .1 6 7 5 .5 6 7 6 .1 7 6 1 .2 7 6 1 .6 7 5 4 .6 7 5 8 .0 7 5 4 .2 7 2 0 .6 6 9 2 .8 6 6 6 .6 6 4 5 .9 r6 5 9 .3 6 9 0 .1 6 9 4 .9 7 0 1 .1 7 0 1 .8 2 9 2 .3 2 9 0 .7 2 8 9 .9 2 9 0 .5 2 8 9 .6 2 8 9 .3 290 5 2 8 9 .8 2 9 1 .3 r 2 9 1 .1 2 9 1 .3 2 9 1 .3 2 9 4 .9 2 9 4 .8 3 4 2 .4 3 4 6 .3 I n d u s tr ia l c h e m ic a ls 5 ........................................................................................ 3 5 2 .6 3 4 6 .5 3 4 5 .8 3 4 5 .2 3 3 9 .3 3 4 0 .1 3 3 8 .8 3 3 8 .7 r3 3 8 .8 3 3 9 .7 3 3 8 .8 3 4 8 .5 0 6 -2 1 P r e p a r e d p a in t 2 6 2 .8 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 2 6 4 .7 r 2 6 4 .7 2 6 5 .1 265 6 2 6 5 .7 0 6 -2 2 P a in t m a t e r i a l s ...................................................................... 3 0 4 .6 3 0 3 .0 3 0 3 .0 3 0 2 .4 3 0 1 .7 3 0 1 .5 2 9 9 .5 2 9 8 .4 2 9 9 .8 r3 0 0 .2 2 9 9 .3 3 0 0 .4 3 0 5 .5 3 1 6 .0 0 6 -3 D r u g s a n d p h a r m a c e u t ic a ls 2 1 0 .1 2 1 2 .4 2 1 4 .9 2 1 5 .5 2 1 6 .0 2 1 8 .6 2 2 2 .2 2 2 2 .9 2 2 5 .1 r2 2 5 .2 2 2 5 .7 2 2 7 .5 2 2 7 .8 2 2 8 .0 0 6 -4 F a ts a n d o il s , i n e d i b l e ...................................................................... 2 6 7 .1 2 5 4 .1 2 4 2 .3 2 3 9 .6 2 4 0 .8 2 4 2 .0 2 5 3 .4 2 6 2 .2 2 7 8 .3 r2 8 7 .1 2 7 7 .9 2 6 3 .6 2 7 7 .8 3 0 5 .5 0 6 -5 A g r ic u l t u r a l c h e m ic a ls a n d c h e m ic a l p r o d u c t s ................................... 2 9 2 .4 2 8 9 .9 2 8 8 .8 2 8 6 .5 2 8 5 .2 2 8 3 .2 2 8 3 .3 2 8 4 .2 2 8 2 .8 r2 8 2 .4 2 8 1 .7 2 7 8 .6 2 7 7 .6 276 0 0 6 -6 P la s tic r e s in s a n d m a t e r i a l s ..................................................... 2 8 3 .4 2 8 1 .6 2 8 1 .3 2 8 2 .2 2 8 2 .5 2 8 3 .8 2 8 3 .1 2 8 2 .1 2 8 5 .4 r2 8 8 .0 289 1 2 9 0 .6 2 9 4 .1 2 9 3 .1 0 6 -7 O t h e r c h e m ic a ls a n d a llie d p r o d u c ts 2 7 0 .1 2 7 1 .2 2 6 8 .6 2 7 2 .3 2 7 2 .0 2 7 2 .8 2 7 4 .4 2 7 2 .0 2 7 4 .7 r2 7 2 .0 2 7 2 .0 2 7 3 .6 2 7 4 .4 2 7 4 .5 2 4 1 .4 2 4 2 .5 2 4 2 .2 2 4 1 .7 2 4 2 .2 2 4 2 .9 2 4 2 .3 2 4 1 .8 2 4 3 .0 r 2 4 3 .2 2 4 2 .7 2 4 4 .4 07 R u b b e r p la s t ic p r o d u c ts ........................................................................... ................................... .................................................................. 0 7 -1 R u b b e r a n d r u b b e r p r o d u c ts 0 7 -1 1 C ru d e ru b b e r ............................... ..................................................... 2 4 4 .6 2 6 4 .5 2 4 4 .5 2 6 7 .8 2 6 9 .5 2 6 8 .9 2 6 7 .9 268 2 2 6 9 .6 2 6 8 .3 2 6 7 .1 2 6 7 .0 r 2 6 7 .0 2 6 7 .8 2 6 7 .6 2 6 7 .2 2 6 6 .8 2 7 8 .9 2 7 6 .6 2 7 2 .5 2709 2 7 1 .1 2 7 1 .1 2 7 4 .3 2 8 1 .2 2 8 1 .3 r280 6 2 8 0 .1 2 8 3 .1 2 8 4 .4 2 8 4 .3 2 4 2 .5 0 7 -1 2 T ir e s a n d t u b e s .................................................................. 2 5 5 .2 2 5 5 .6 2 5 5 .7 2 5 4 .5 2 5 6 .0 2 5 9 .1 250 5 2 4 6 .6 2 4 6 .5 r 2 4 6 .3 2 4 4 .0 2 4 2 .7 2 4 2 .4 0 7 -1 3 M is c e lla n e o u s r u b b e r p r o d u c t s ......................................................... 2 7 6 .9 2 8 1 .6 2 8 1 .4 2 8 0 .7 2 7 9 .7 2 8 4 .5 2 8 9 .6 2 8 5 .8 2 8 5 .7 r 2 8 6 .0 2 9 1 .5 2 9 1 .5 2 9 0 .6 2 8 9 .3 0 7 -2 P la s tic p r o d u c t s ( 6 / 7 8 = 1 3 2 .3 1 3 2 .7 1 3 2 .7 1 3 2 .7 1 3 3 .0 1 3 3 .0 1 3 3 .1 1 3 3 .2 1 3 4 .6 , r 1 3 4 .8 1 3 3 .9 1 3 5 .9 1 3 6 .3 1 3 6 .4 08 L u m b e r a n d w o o d p r o d u c ts 100) ............................................ ........................... 2 8 4 .7 2 8 3 .0 2 7 9 .4 279 9 285 6 2 9 3 .3 3 0 3 .1 3 0 5 .8 3 0 7 .2 r 3 0 8 .0 3 1 2 .5 3 1 4 .5 3 1 3 .9 3 0 6 .0 0 8 -1 L u m b e r ........................................................................... 3 1 0 .8 3 1 0 .3 3 0 5 .6 305 1 3 1 2 .6 3 2 6 .8 3 4 4 .7 3 4 9 .3 3 5 4 .2 r3 5 8 .6 3 7 1 .3 0 8 -2 3 7 2 .5 3 6 6 .6 3 4 8 .2 M i l l w o r k ..................................................... 2 7 9 .4 2 7 9 .5 2 7 8 .6 280 3 2 8 6 .5 293 7 '3 0 0 . 5 3 0 4 .0 302 8 r2 9 9 .0 2 9 4 .7 2 9 6 .1 3 0 7 .7 3 0 5 .7 0 8 -3 P l y w o o d .............................................................. 2 3 2 .1 2 2 8 .5 2 2 4 .0 2 2 7 .8 2 3 1 .2 2 3 5 .3 2 3 9 .5 2 3 8 .9 2 3 9 .4 r 2 4 1 .1 2 5 3 .4 0 8 -4 2 5 2 .5 2 4 4 .8 2 4 2 .4 O th e r w o o d p r o d u c t s ..................................................... 2 3 6 .2 2 3 5 .6 2 3 5 .8 2 3 3 .0 2 3 1 .2 2 3 2 .0 2 3 3 .2 2 3 1 .6 2 3 0 .8 2 3 1 .1 229 6 2 2 9 .7 2 2 9 .3 2 2 9 .6 S e e f o o t n o t e s a t e n d o f t a b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 107 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Producer Prices 24. C ontinued— Producer Price Indexes, by com m odity groupings [1967 = 100 unless otherwise specified] Annual C o m m o d ity group and subgroup Code 1982 1983 a verag e 1982 Sept. Oct. Nov. D ec. Jan. Feb. M a r. Apr. M ay1 June July Aug. Sept. 2 9 7 .7 2 9 8 .0 2 9 9 .1 IN D U S T R IA L C O M M O D IT IE S — Continued 09 P u lp , p a p e r , a n d a llie d p r o d u c t s .............................................................................. 2 8 8 .7 2 8 9 .4 2 8 9 .8 2 8 9 .8 2 9 0 .5 2 9 3 .6 2 9 4 .2 2 9 4 .8 2 9 5 .4 r 2 9 6 .0 2 9 6 .7 0 9 -1 P u lp , p a p e r ,a n d p r o d u c ts , e x c lu d in g b u ild in g p a p e r a n d b o a r d 2 7 3 .2 2 7 1 .5 2 7 0 .3 2 6 9 .4 2 6 8 .8 2 6 9 .8 2 6 8 .7 2 6 8 .7 2 6 8 .5 r 2 6 8 .7 2 6 9 .4 2 6 9 .9 2 7 0 .1 2 7 1 .7 0 9 -1 1 W o o d p u l p .............................................................................................................................. 3 7 9 .0 3 6 5 .0 3 5 0 .4 3 4 7 .3 3 4 7 .2 3 4 6 .6 3 4 5 .7 3 4 3 .0 3 4 2 .5 r3 4 3 .2 3 4 6 .5 3 4 7 .5 3 4 8 .2 3 4 8 .4 0 9 -1 2 W a s t e p a p e r .......................................................................................................................... 1 2 1 .1 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 1 1 6 .0 2 7 9 .3 2 7 8 .8 2 7 8 .4 2 7 8 .5 r2 7 9 .0 1 7 9 .6 2 8 1 .7 2 8 1 .0 2 8 5 .3 0 9 -1 3 Paper 2 8 6 .3 2 8 5 .3 2 8 5 .4 2 8 0 .6 2 7 9 .2 0 9 -1 4 P a p e rb o a rd .......................................................................................................................... 2 5 4 .9 2 5 0 .7 2 4 8 .0 2 4 7 .6 2 4 4 .1 2 4 3 .3 2 4 4 .1 2 4 6 .3 2 4 8 .1 r 2 4 8 .7 2 4 9 .6 2 4 9 .5 2 5 0 .4 0 9 -1 5 C o n v e r te d p a p e r a n d p a p e r b o a r d p r o d u c t s ................................................ 2 6 4 .4 2 6 4 .2 2 6 4 .0 2 6 4 .7 2 6 4 .8 2 6 5 .0 2 6 5 .1 2 6 5 .1 2 6 4 .2 r 2 6 4 .1 2 6 4 .7 2 6 4 .5 2 6 5 .0 2 6 5 .3 0 9 -2 B u ild in g p a p e r a n d b o a r d ....................................................................................... 2 3 9 .5 2 4 3 .4 2 4 2 .1 2 4 1 .0 2 4 2 .0 2 4 1 .1 2 4 1 .4 2 4 4 .2 2 4 7 .0 2 4 9 .3 2 5 5 .7 2 5 6 .2 2 5 2 .1 2 5 2 .8 3 0 4 .7 10 ....................................................................................................................................... 2 5 2 .8 M e ta ls a n d m e ta l p r o d u c t s ............................................................................................ 3 0 1 .6 3 0 1 .8 3 0 1 .6 3 0 0 .5 2 9 9 .9 3 0 0 .3 3 0 4 .4 3 0 4 .6 r3 0 6 .1 3 0 6 .4 1 0 -1 I r o n a n d s t e e ...................................................................................................................... 3 3 9 .0 3 3 6 .5 3 3 7 .6 3 3 5 .9 3 3 2 .8 3 3 3 .3 3 3 9 .9 3 4 1 .6 3 4 1 .5 r3 4 0 .9 3 4 0 .4 3 4 1 .3 3 4 2 .8 3 4 7 .6 1 0 -1 7 S te e l m i ll p r o d u c t s ......................................................................................................... 3 4 9 .5 3 4 8 .2 3 4 9 .8 3 4 8 .6 3 4 4 .7 3 4 3 .7 3 5 1 .1 3 4 9 .8 3 4 9 .7 r3 4 9 .8 3 4 9 .0 3 4 9 .9 3 5 1 .4 3 5 7 .7 1 0 -2 3 0 7 .4 3 0 8 .5 3 1 0 .9 N o n f e r r o u s m e t a l s ..................................................................................................... 2 6 3 .6 2 6 5 .1 2 6 2 .9 2 6 1 .7 2 6 3 .2 2 6 7 .0 2 7 5 .8 2 7 0 .6 2 7 1 .8 r2 7 7 .7 2 7 5 .5 2 7 7 .6 2 7 9 .6 2 8 2 .1 1 0 -3 M e ta l c o n t a in e r s 3 2 8 .5 3 2 8 .8 3 2 9 .7 3 2 9 .0 3 2 8 .3 3 2 7 .9 3 3 1 .1 3 3 1 .4 3 3 1 .9 r3 3 7 .1 3 3 6 .8 3 3 7 .4 3 3 8 .0 3 3 8 .3 1 0 -4 H a r d w a r e .................................................................................................... 2 8 0 .3 2 8 2 .7 2 8 3 .0 2 8 3 .1 2 8 5 .8 2 8 7 .2 2 8 7 .9 2 8 8 .2 2 8 8 .6 r 2 8 8 .5 2 8 9 .2 2 8 9 .7 2 8 9 .8 ............................................................................................................. P lu m b in g f ix t u r e s a n d b r a s s f it t in g s 2 7 8 .7 2 7 7 .1 2 7 7 .8 2 7 8 .3 2 7 9 .2 2 8 0 .6 2 8 3 .5 2 8 5 .6 2 8 7 .7 r2 8 9 .1 2 9 0 .6 2 9 2 .1 2 9 1 .9 2 9 1 .5 H e a tin g e q u i p m e n t ................................................................................... 2 3 7 .2 2 3 9 .1 2 3 8 .4 2 3 8 .8 2 3 9 .3 2 4 0 .7 2 4 0 .7 2 4 1 .1 2 4 2 .3 r24 2 7 1 4 2 .6 2 4 9 .0 2 4 4 .8 2 4 4 .7 1 0 -7 F a b r ic a te d s tr u c tu r a l m e ta l p r o d u c ts 3 0 4 .8 3 0 6 .4 3 0 5 .9 3 0 5 .3 3 0 4 .7 3 0 3 .6 3 0 2 .8 3 0 3 .7 3 0 2 .5 3 0 2 .1 3 0 1 .9 3 0 2 .2 3 0 2 .8 3 0 3 .8 1 0 -8 M i s c e lla n e o u s m e ta l p r o d u c t s ................................................ 2 8 2 .3 2 8 3 .8 2 8 4 .1 2 8 3 .4 2 8 3 .2 2 7 9 .1 2 7 9 .0 2 8 0 .4 2 8 0 .7 r2 8 0 .8 2 8 7 .4 2 8 7 .4 2 8 7 .6 2 8 7 .7 11 ............................................................. 2 8 9 .8 1 0 -5 1 0 -6 .......................... .................. M a c h in e r y a n d e q u ip m e n t 2 7 8 .8 2 8 0 .2 2 8 1 .1 2 8 1 .8 2 8 2 ,4 2 8 3 .3 2 8 4 .3 2 8 4 .7 2 8 5 .4 r2 8 6 .0 2 8 5 .8 286 9 2 8 7 .1 2 8 7 .5 1 1 -1 A g r ic u l t u r a l m a c h in e r y a n d e q u ip m e n t 3 1 1 .1 3 1 4 .1 3 1 7 .5 3 1 8 .7 3 2 0 .7 3 2 2 .4 3 2 3 .3 3 2 3 .5 3 2 3 .9 r3 2 6 .4 3 2 5 .5 3 2 6 .2 3 2 7 .1 3 2 8 .0 1 1 -2 C o n s t r u c t io n m a c h in e r y a n d e q u i p m e n t ............................... 3 4 3 .9 3 4 7 .5 3 4 7 .6 3 4 7 .9 3 4 8 ,1 3 4 8 .3 3 4 9 .3 3 4 9 .6 3 5 0 .9 r3 5 2 .3 3 5 2 .5 3 5 2 .7 3 5 2 .8 3 5 3 .4 1 1 -3 M e ta lw o r k in g m a c h in e r y a n d e q u i p m e n t ............................... 3 2 0 .9 3 2 3 .1 3 2 3 .1 3 2 3 .5 3 2 3 .6 3 2 4 .1 3 2 5 .2 3 2 5 .5 3 2 6 .2 r3 2 6 . 7 3 2 6 .6 3 2 6 .5 3 2 6 .1 3 2 6 .3 11 4 G e n e ra l p u r p o s e m a c h in e r y a n d e q u ip m e n t ...................... 3 0 4 .0 3 0 5 .0 3 0 5 .9 3 0 6 .4 3 0 7 .0 3 0 7 .4 3 0 7 .9 3 0 7 .5 3 0 8 .4 3 0 8 .5 3 0 8 .4 1 1 -6 S p e c ia l in d u s t r y m a c h in e r y a n d e q u i p m e n t ................................... 3 2 5 .1 3 2 6 .8 3 2 7 .8 3 2 9 .1 3 2 9 .9 3 3 1 .8 3 3 2 .6 3 3 3 .6 3 3 4 .5 r3 3 5 .8 3 3 6 .3 3 3 7 .8 3 3 8 .9 3 3 9 .7 1 1 -7 E le c tr ic a l m a c h in e r y a n d - e q u i p m e n t .................. 2 3 1 .6 2 3 1 .7 2 3 2 .6 2 3 3 .7 2 3 4 .2 2 3 5 .2 2 3 7 .2 2 3 7 .5 2 3 8 .4 r 2 3 8 .5 2 3 8 .2 2 4 0 .8 2 4 1 .2 2 4 2 .1 1 1 -9 M is c e lla n e o u s m a c h in e r y 2 6 8 .4 2 7 1 .5 2 7 1 .6 2 7 2 .0 2 7 2 .3 2 7 2 .9 2 7 2 .7 2 7 3 .7 2 7 4 .2 r 2 7 5 .3 2 7 4 .8 2 7 4 .9 2 7 5 .0 2 7 4 .5 2 0 6 .9 2 0 8 .3 2 0 8 .9 2 0 8 .9 2 0 9 .2 2 1 0 .7 2 1 2 .5 2 1 2 .3 2 1 2 .8 r2 1 3 .6 2 1 3 .6 2 1 4 .4 2 1 4 .5 2 1 4 .9 2 2 9 .8 2 3 0 .7 2 3 1 .2 2 3 1 .4 2 3 2 .0 2 3 1 .9 2 3 2 ,6 2 3 1 .1 2 3 1 .8 r2 3 4 .4 2 3 4 .8 2 3 5 .3 2 3 5 .4 2 3 6 .3 2 7 5 .5 2 7 8 .2 2 7 8 .3 2 7 8 .6 2 7 8 .5 2 8 1 .1 2 8 2 .2 2 8 5 .1 2 8 6 .2 r 2 8 5 .9 2 8 7 .0 2 8 7 .9 2 8 7 .2 12 .......................... ......................................................... F u r n it u r e a n d h o u s e h o ld d u r a b l e s ....................................... 3 0 8 .2 3 0 8 .2 3 0 8 .1 1 2 -1 H o u s e h o ld f u r n i t u r e 1 2 -2 C o m m e r c ia l f u r n i t u r e ......................................................... 1 2 -3 F lo o r c o v e r i n g s .................................................... 1 8 1 .2 1 8 1 .5 1 8 1 .6 1 8 1 .3 1 8 1 .5 1 8 2 .2 1 8 2 .1 1 8 2 .0 1 8 2 .2 r 1 8 2 .1 1 8 0 .6 1 8 5 .1 1 8 8 .1 1 8 8 .2 1 2 -4 H o u s e h o ld a p p lia n c e s 1 9 9 .1 2 0 1 .2 2 0 1 .3 2 0 1 .2 2 0 1 .8 2 0 3 .9 2 0 4 .9 2 0 5 .0 2 0 6 .3 r 2 0 7 .5 2 0 7 .0 2 0 7 .4 2 0 7 .3 1 2 -5 2 0 7 .6 H o m e e le c t r o n ic e q u i p m e n t ............................... 8 8 .1 8 7 .4 8 7 .8 8 7 .0 8 7 .1 8 7 .3 8 7 .0 8 7 .0 8 6 .6 r8 6 4 8 6 .4 8 6 .1 8 6 .0 8 5 .8 1 2 -6 O t h e r h o u s e h o ld d u r a b le g o o d s ....................................... 2 8 9 .3 2 9 3 .4 2 9 6 .5 2 9 7 .2 2 9 8 ,1 3 0 2 .8 3 1 4 .8 3 1 2 .9 3 1 2 .0 r3 1 2 .7 3 1 2 .9 3 1 3 .5 3 1 2 .3 3 1 3 .0 3 2 0 .2 3 2 1 .2 3 2 1 .2 3 2 0 .5 3 2 7 .2 13 ............................................ ......................................................... N o n m e ta llic m in e r a l p r o d u c ts .................. 3 2 1 .1 2 8 7 .7 3 2 1 .5 3 2 2 .3 3 2 2 .0 3 2 4 .1 r3 2 4 1 3 2 4 .6 3 2 5 .4 3 2 6 .2 1 3 -1 1 F la t g l a s s ............................................................. 2 2 1 .5 2 2 1 .1 2 2 1 .1 2 2 5 .3 2 2 5 .3 2 2 9 .7 2 2 9 .7 2 2 9 .7 2 2 9 .7 2 2 9 .7 2 2 9 .7 1 3 -2 2 2 9 .8 2 2 9 .8 2 2 9 .6 C o n c r e te i n g r e d i e n t s ....................................... 3 1 0 .0 3 1 0 .8 3 0 9 .9 3 1 0 .0 3 0 6 .7 3 0 7 .2 3 1 0 .0 3 0 8 .5 3 1 2 .8 r3 1 3 . 7 3 1 5 .4 1 3 -3 3 1 5 .4 3 1 7 .2 3 1 8 .9 C o n c r e te p r o d u c ts 2 9 7 .8 2 9 8 .7 2 9 8 .6 2 9 8 .2 2 9 8 .5 2 9 9 .4 3 0 0 .1 3 0 0 .4 3 0 1 .0 r 3 0 1 .1 3 0 1 .4 3 0 2 .2 3 0 2 .3 302 8 2 8 1 .7 .................................................... 1 3 -4 S t r u c t u r a l c la y p r o d u c ts , e x c lu d in g r e fr a c to r ie s 2 6 0 .8 2 6 4 .0 2 6 4 .0 2 6 4 .8 2 6 4 .8 2 6 4 .9 2 6 4 .3 2 7 0 .7 2 7 5 .7 r 2 7 7 .6 2 8 0 .8 2 8 1 .7 1 3 -5 2 8 1 .7 R e f r a c t o r i e s ....................................... 3 3 7 .1 3 4 0 .8 3 4 0 .8 3 3 7 .2 3 3 7 .2 3 3 7 .7 3 3 7 .7 3 3 7 .7 3 3 8 .2 r3 3 8 .2 1 3 -6 3 3 7 .3 3 3 8 .7 A s p h a lt r o o f i n g ............................................ 3 3 9 .9 3 4 0 .7 2 9 8 .4 4 1 3 .4 4 0 6 .7 3 9 9 .0 3 9 7 .0 3 9 3 .7 3 8 0 .4 3 7 4 .7 3 8 4 .0 r3 8 0 .0 1 3 -7 3 7 8 .1 3 8 3 .9 3 8 1 .9 G y p s u m p r o d u c ts 3 8 5 .7 2 5 6 .1 2 5 3 .9 2 5 5 .1 2 5 5 .0 2 5 3 .9 2 6 3 .1 2 6 7 .4 2 6 5 .9 2 7 1 .9 r2 7 5 .7 2 7 3 .5 2 7 6 .0 2 8 9 .2 295 7 3 5 6 .6 3 5 5 .8 3 5 4 .1 3 5 3 .5 3 5 1 .8 3 5 1 .7 3 5 1 .7 351 3 351 2 ....................................... 1 3 -8 G la s s c o n t a in e r s 1 3 -9 O th e r h o n m e ta llic m in e r a ls 14 . . . . ............................... .................. T r a n s p o r t a tio n e q u ip m e n t ( 1 2 /6 8 = 100) . 3 5 5 .5 3 5 8 .6 3 5 8 .5 3 5 7 .8 3 5 7 .6 4 7 1 .8 4 6 7 .7 4 7 0 .4 4 7 1 .3 4 7 1 .0 4 7 1 .5 4 7 6 .1 4 7 6 .4 4 7 8 .7 r4 7 8 .5 4 7 9 .4 4 8 0 .8 4 8 1 .5 4 8 2 .4 2 4 9 .7 2 4 4 .5 2 5 6 .0 2 5 6 .3 2 5 7 .5 2 5 6 .3 2 5 5 .8 2 5 5 .2 2 5 5 .6 r2 5 5 .8 2 5 6 .3 2 5 6 .4 257 0 250 3 248 9 1 4 -1 M o t o r v e h ic le s a n d e q u i p m e n t .................. 2 5 1 .3 2 4 4 .6 2 5 7 .8 2 5 7 .8 2 5 8 .1 2 5 7 .0 2 5 6 .3 2 5 5 .4 2 5 5 .9 1 4 -4 2 5 6 .2 2 5 6 .6 2 5 6 .7 R a ilr o a d e q u i p m e n t .......................... 2 5 6 .9 3 4 6 .5 3 4 8 .0 3 5 0 .8 3 5 0 .8 3 5 0 .8 3 5 0 .8 3 5 0 .5 3 5 0 .3 3 5 0 .0 r3 5 0 .4 3 5 6 .8 3 5 8 .1 3 5 7 .8 3 5 7 .5 2 7 6 .4 2 7 9 .5 2 8 5 .4 2 8 5 .2 2 9 0 .4 2 8 5 .7 2 8 8 .8 2 8 7 .4 2 8 7 .4 2 8 7 .1 2 8 8 .0 2 9 1 .7 291 5 291 3 15 M is c e lla n e o u s p r o d u c t s . . 1 5 -1 T o y s , s p o r tin g g o o d s , s m a ll a r m s , a m m u n i t i o n ...................... 2 2 1 .5 2 2 1 .8 1 5 -2 2 2 6 .3 T o b a c c o p r o d u c ts r2 2 6 .0 3 2 3 .1 3 2 9 .1 3 6 5 .4 3 6 4 .5 3 8 2 .9 3 5 6 .2 3 5 6 .4 1 5 -3 3 5 3 .8 3 5 4 .1 N o t i o n s ........................................ r3 5 3 .8 3 5 2 .2 3 7 3 .5 3 7 3 .3 376 5 2 7 7 .0 2 8 0 .1 2 8 0 .1 2 7 9 .8 2 7 9 .8 2 8 0 .5 2 8 0 .6 2 8 0 .6 2 8 0 .3 2 8 0 .3 2 8 0 .3 280 3 279 7 279 7 216 9 .......................... 1 5 -4 P h o t o g r a h ic e q u ip m e n t a n d s u p p lie s 1 5 -5 M o b ile h o m e s ( 1 2 /7 4 = .1 5 -9 . . 100) . O t h e r m i s c e lla n e o u s p r o d u c ts . . . 2 1 0 .4 2 0 9 .9 2 2 1 .2 2 0 9 .7 3 In c lu d e s o n ly d o m e s tic p r o d u c tio n . 108 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 0 9 .7 2 2 3 .7 2 1 0 .0 2 2 2 .7 2 1 0 .0 2 2 5 .3 2 1 1 .8 2 2 5 .7 2 1 6 .6 2 2 6 .4 2 2 4 .8 225 0 2 1 6 .6 r2 1 6 .6 2 1 6 .8 216 8 216 9 1 6 1 .9 1 6 2 .9 1 6 2 .6 1 6 1 .6 1 6 1 .7 1 6 1 .8 1 6 1 .7 1 6 2 .9 1 6 2 .3 r 1 6 2 .4 163 0 163 4 163 6 3 3 8 .3 3 4 5 .2 3 4 5 .2 3 4 5 .1 3 5 1 .6 3 5 0 .8 3 5 9 .8 3 5 0 .5 3 5 0 .3 r3 4 9 .2 3 5 2 .7 3 5 3 .5 3 5 2 .3 1 D a t a f o r M a y 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t th e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . i P r ic e s f o r n a t u r a l g a s a r e la g g e d 1 m o n th . 2 2 1 .3 4 M o s t p r ic e s f o r r e fin e d p e t r o le u m p r o d u c ts a r e la g q e d 1 m o n th . 5 S o m e p r ic e s f o r in d u s t r ia l c h e m ic a ls a r e la g g e d 1 m o n th r = r e v js e (j 225 3 3 4 9 .0 25. P roducer Price Indexes, fo r special com m odity groupings [ 1 9 6 7 = 1 0 0 u n le s s o t h e r w i s e s p e c if ie d ] 1983 1982 Annual averag e C o m m o d ity grouping 198 2 Oct. Sept. Nov. Dec. Jan . Feb. M a r. Apr. M ay1 June July Aug. S e p t. 3 0 8 .4 All c o m m o d itie s — le s s fa rm products 3 0 3 .0 3 0 3 .7 3 0 4 .7 3 0 5 .1 3 0 5 .4 3 0 4 .4 3 0 4 .9 3 0 4 .5 3 0 3 .8 '3 0 4 . 8 3 0 6 .1 307 1 3 0 8 .2 A ll foods 2 5 4 .4 2 5 5 .3 2 5 2 .8 251 9 2 5 2 .7 2 5 2 .4 2 5 5 .7 2 5 5 .8 2 5 8 .2 2 5 8 .2 2 5 6 .5 2 5 6 .4 2 5 7 .5 2 6 1 .0 P ro c e s s e d foods 2 5 6 .0 2 5 9 .2 2 5 6 .2 2 5 4 .7 2 5 4 .7 2 5 5 .8 2 5 9 .3 2 5 8 .9 2 5 9 .5 2 5 9 .6 2 5 7 .8 2 5 8 .0 2 5 8 .1 2 6 1 .3 2 7 4 .4 2 7 4 .4 2 7 4 .9 2 7 5 .4 2 7 9 .8 2 7 2 .8 2 7 2 .5 2 7 7 .0 2 7 6 .9 2 7 7 .6 '2 7 8 . 2 2 7 8 .6 2 7 9 .5 2 8 0 .4 1 0 0 ) ............................... 1 3 8 .2 1 3 7 .8 1 3 7 .4 1 3 7 .1 136 8 1 3 6 .7 1 3 6 .8 1 3 7 .2 1 3 7 .4 r 13 7 .7 1 3 7 .2 1 3 7 .7 1 3 8 .8 138 7 .................................................................................................................................... 1 3 8 .3 1 3 8 .7 1 3 8 .7 1 3 9 .7 1 3 9 .7 1 4 1 .7 1 4 4 .5 1 4 4 .5 1 4 4 .5 1 4 4 ,5 1 4 4 .5 1 4 4 .5 1 4 5 .6 1 4 5 .6 2 1 7 .6 2 1 9 .6 2 2 0 .1 2 1 9 .7 2 1 9 .7 223 3 2 2 2 .6 2 2 3 .8 2 2 3 .4 '2 2 3 . 5 2 2 3 .1 223 2 2 2 3 .5 224 4 2 8 1 .4 2 8 0 .8 2 8 1 .4 2 8 0 .7 2 8 1 .8 r 2 8 1 .6 2 8 2 .0 2 8 2 .5 2 8 5 .5 2 8 5 .0 I n d u s tr ia l c o m m o d it ie s le s s f u e l s ...................................................................... S e le c te d t e x t ile m i ll p r o d u c ts ( D e c . 1 9 7 5 = H o s ie r y U n d e r w e a r a n d n ig h tw e a r ........................................................................................ C h e m ic a ls a n d a llie d p r o d u c ts , in c lu d in g s y n th e t ic r u b b e r a n d f ib e r s a n d y a r n s ................................................................................................ 2 8 3 .8 282 5 2 8 1 .8 2 8 2 .3 P h a r m a c e u t ic a l p r e p a r a t i o n s ................................................................................... 2 0 6 .0 2 0 9 .0 2 1 1 .7 2 1 2 .3 2 1 2 .8 2 1 5 .8 2 1 9 .4 2 2 0 .3 2 2 3 .3 '2 2 3 . 5 2 2 3 .9 2 2 6 .0 2 2 6 .6 227 2 L u m b e r a n d w o o d p r o d u c ts , e x c lu d in g m i l l w o r k ................................... 2 8 8 .8 2 8 7 .2 2 8 2 .5 283 4 2 8 9 .6 3 0 0 .7 3 1 4 .3 3 1 7 .2 3 2 0 .8 '3 2 4 . 3 3 3 7 .0 337 6 331 0 3 1 7 .6 3 4 9 .1 3 4 8 .5 3 4 4 .8 3 4 3 .1 3 4 9 .9 3 4 8 .4 3 4 8 .4 '3 4 8 . 5 3 4 7 .7 3 4 8 .4 3 4 9 .8 3 5 5 .4 ................. 3 4 9 .4 3 4 7 .8 ........................................................................................................................... 3 4 8 .4 3 4 6 .9 3 4 8 .6 3 4 8 .0 - 3 4 4 .0 3 4 2 .1 3 4 9 .8 3 4 8 .3 3 4 8 .4 '3 4 8 . 5 3 4 7 .7 3 4 8 .5 3 5 0 .1 3 5 6 .7 3 4 6 .3 3 4 7 .8 3 4 7 .2 3 4 3 .3 3 4 1 .6 3 4 8 .5 3 4 7 .0 3 4 7 .0 '3 4 7 . 1 3 4 6 .4 3 4 7 .0 3 4 8 .4 354 4 S te e l m i ll p r o d u c t s , in c lu d in g fa b r ic a te d w ir e p r o d u c ts F in is h e d s te e l m i ll p r o d u c ts , e x c lu d in g fa b r ic a te d w ir e p ro d u c ts F in is h e d s te e l m ill p r o d u c t s , in c lu d in g fa b r ic a te d w ir e p ro d u c ts ........................................................................................................................... 3 4 8 .1 . . . . ' ................................................ 2 8 6 .6 2 8 4 .0 2 8 9 .5 2 8 8 .9 2 8 8 .7 2 8 8 .6 2 9 0 .9 2 9 0 .3 2 9 0 .7 '2 9 1 . 7 2 9 2 .1 2 9 2 .7 2 9 3 .5 2 9 1 .5 F a b r ic a te d m e ta l p r o d u c t s ........................................................................................ 2 9 1 .6 2 9 2 .9 2 9 3 .0 2 9 2 .5 2 9 2 .5 2 9 1 .1 2 9 1 .3 2 9 2 .3 2 9 2 .2 '2 9 2 . 6 2 9 5 .2 2 9 5 .5 2 9 5 .9 2 9 6 .2 1 8 1 .2 1 8 1 .8 1 9 0 .7 2 0 1 .5 1 9 8 .9 2 0 0 .9 2 0 6 .7 2 0 1 .5 2 0 2 .2 2 0 1 .2 1 9 8 .0 S p e c ia l m e ta ls a n d m e ta l p r o d u c ts C o p p e r a n d c o p p e r p r o d u c t s ................................................................................... 1 8 5 .5 1 8 1 .0 1 7 8 .8 M a c h in e r y a n d m o tiv e p r o d u c t s ........................................................................... 2 7 2 .1 2 7 0 .7 2 7 6 .4 2 7 7 .0 2 7 7 .9 2 7 7 .8 2 7 8 .2 2 7 8 .1 2 7 8 .7 '2 7 9 . 2 2 7 9 .3 2 7 9 .9 2 8 0 .3 2 7 7 .5 M a c h in e r y a n d e q u ip m e n t , e x c e p t e le c t r ic a l ............................................ 3 0 6 .4 3 0 8 .6 3 0 9 .4 3 1 0 .0 3 1 0 .6 3 1 1 .3 3 1 1 .9 3 1 2 .2 3 1 2 .9 '3 1 3 . 8 3 1 3 .7 3 1 3 .9 3 1 4 .1 3 1 4 .2 ................................................ 3 2 3 .1 3 2 5 .5 3 3 0 .6 332 2 3 3 5 .1 3 3 7 .0 3 3 7 .7 3 3 7 .8 3 3 8 .2 '3 4 1 .7 3 4 0 .4 3 4 1 .4 3 4 2 .4 3 4 3 .5 M e ta lw o r k in g m a c h i n e r y ............................................................................................ 3 5 0 .4 3 5 3 .5 3 5 4 .1 3 5 4 .2 3 5 4 .1 3 5 4 .6 3 5 5 .7 3 5 5 .6 3 5 6 .3 3 5 8 .0 3 5 7 .7 3 5 7 .7 3 5 7 .6 3 5 7 .3 T o ta l t r a c t o r s ....................................................................................................................... 3 5 5 .0 3 5 9 .6 3 6 1 .4 3 6 1 .4 3 6 4 .2 3 6 5 .6 3 6 5 .6 3 6 5 .7 3 6 6 .1 3 7 0 .5 3 7 0 .6 3 7 0 .7 3 6 9 .9 3 7 2 .5 A g r ic u l t u r a l m a c h in e r y a n d e q u ip m e n t le s s p a r t s ................................... 3 1 3 .8 3 1 5 .8 3 2 0 .1 3 2 1 .5 3 2 4 .3 3 2 5 .9 3 2 6 .6 3 2 6 .8 3 2 7 .1 '3 3 0 . 1 3 2 9 .0 3 2 9 .8 3 3 0 .9 332 0 F a r m a n d g a r d e n t r a c t o r s le s s p a r ts ............................................................. 3 2 7 .8 3 3 3 .0 3 3 6 .1 3 3 6 .1 3 4 0 .3 3 4 2 .2 3 4 2 .2 3 4 2 .2 3 4 2 .2 3 4 8 .8 3 4 8 .8 3 4 8 .8 3 4 7 .6 3 5 0 .6 ...................... 3 1 9 .6 3 1 9 .6 3 2 6 .4 3 2 9 .3 3 3 1 .1 3 3 3 .1 3 3 4 .4 3 3 4 .5 3 3 5 .2 '3 3 6 . 2 3 3 3 .8 3 3 5 .6 3 3 8 .4 3 3 7 .9 C o n s t r u c t io n m a t e r i a l s ................................................................................................. 2 8 8 .0 2 8 8 .4 2 8 8 .0 2 8 7 .8 2 8 7 .9 2 9 0 .3 2 9 4 .6 2 9 5 .0 2 9 6 .1 '2 9 6 . 8 2 9 7 .7 2 9 9 .1 2 9 9 .8 299 8 Feb. M a r. Apr. M ay1 June July Aug. A g r ic u l t u r a l m a c h in e r y , in c lu d in g t r a c t o r s A g r ic u l t u r a l m a c h in e r y , e x c lu d in g t r a c t o r s le s s p a r ts ' D a t a f o r M a y 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t t h e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r = r e v is e d , r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . 26. P roducer Price Indexes, by durability of product [ 1 9 6 7 = 1 00 ] Annual C o m m o d ity grouping 1 982 T o ta l d u r a b le g o o d s ..................................................................................................... T o ta l n o n d u r a b le g o o d s ............................................................................................ T o ta l m a n u f a c t u r e s ................................................................................................ D u r a b le ....................................................................................................................... N o n d u r a b le .............................................................................................................. T o ta l r a w o r s li g h t l y p r o c e s s e d g o o d s D u r a b le ............................... ....................................................................................................................... N o n d u r a b le .............................................................................................................. 1 982 1983 a verag e Sept. Oct. Nov. D ec. Jan. S e pt. 2 7 9 .0 2 7 8 .6 2 8 1 .2 2 8 1 .2 2 8 2 .0 282 6 2 8 4 .8 2 8 4 .6 2 8 5 .3 '2 8 6 . 0 2 8 6 .4 2 8 7 .3 2 8 7 .8 286 7 3 1 5 .3 3 1 5 .7 3 1 4 .3 3 1 5 .3 3 1 5 .3 3 1 3 .3 3 1 3 .4 3 1 3 .0 3 1 2 .4 '3 1 3 . 5 3 1 5 .0 3 1 5 .5 318 2 3 1 9 .9 2 9 2 .7 292 9 2 9 3 .8 293 9 2 9 4 .3 2 9 3 .5 293 9 2 9 3 .2 2 9 2 .7 '2 9 3 . 7 2 9 5 .1 2 9 6 .1 2 9 7 .1 2 9 7 .3 2 7 9 .8 2 7 9 .5 282 3 2 8 2 .4 283 2 2 8 3 .7 285 7 285 3 2 8 6 .0 '2 8 6 . 7 2 8 7 .0 2 8 7 .9 2 8 8 .3 2 8 7 .1 3 0 6 .0 3 0 6 .1 3 0 5 .9 3 0 3 .8 3 0 2 .5 3 0 1 .4 2 9 9 .7 '3 0 1 . 0 3 0 3 .6 3 0 4 .7 3 0 6 .4 3 0 8 .1 3 2 7 .9 3 3 0 .9 3 3 1 .6 3 3 0 .4 335 2 3 3 7 .3 3 4 0 .4 '3 4 0 .9 339 3 3 3 8 .3 3 4 3 .7 3 4 6 .0 3 0 6 .4 3 0 7 .1 3 3 1 .2 3 2 9 .9 2 3 3 .8 2 2 6 .2 2 2 4 .2 2 1 9 .2 2 1 7 .4 224 2 2 3 5 .4 2 4 3 .3 2 4 4 .1 '2 4 6 . 1 2 5 0 .2 2 5 0 .7 2 5 7 .6 2 6 1 .5 3 3 7 .3 3 3 6 .5 3 3 4 .5 3 3 8 .1 3 3 9 .0 337 2 3 4 1 .5 3 4 3 .2 3 4 6 .5 '3 4 6 .8 3 4 4 .8 3 4 3 .7 3 4 8 .9 3 5 1 .1 'D a t a f o r M a y 1 9 8 3 h a v e b e e n r e v is e d t o r e fle c t th e a v a ila b ilit y o f la te r e p o r t s a n d c o r r e c t io n s b y r= r e v is e d , r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 109 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Producer Prices 27. P roducer Price Indexes for the output of selected SIC industries [1967 = 100 unless otherwise specified] 1972 Annual SIC Industry d escrip tion 1982 a verag e code 1982 Sept. Oct. Nov. D ec. Jan. Feb. M a r .1 Apr. M ay1 June July Aug. Sept. M IN IN G 1011 Iro n o re s ( 1 2 /7 5 = 1 0 0 ) .................................................................. 1092 M e rc u ry o re s ( 1 2 /7 5 = 1311 C r u d e p e t r o le u m a n d n a t u r a l g a s 1455 K a o lin a n d b a ll c la y ( 6 /7 6 = 100) ..................................................... ............................................ 1 0 0 ) ............................... 1 7 5 .2 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 1 7 7 .1 3 1 2 .2 2 8 9 .5 3 1 2 .5 3 0 8 .3 3 1 2 .5 3 0 6 .2 2 8 9 .5 2 8 5 .4 2 7 2 .9 2 6 8 .7 2 5 4 .1 2 3 7 .5 2 3 1 .2 2 4 3 .3 9 2 5 .8 9 3 7 .6 9 4 5 .9 9 6 9 .0 9 5 8 .4 1 7 7 .1 9 4 5 .2 9 3 1 .2 9 3 4 .4 9 2 2 .1 r9 2 1 8 9 2 5 .0 9 1 7 .4 9 1 6 .6 920 8 151 2 151 7 15 1 7 151 7 1 5 1 .7 1 5 3 .6 1 5 6 .3 1 5 8 .4 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 1 6 4 .3 2 7 5 .6 2 7 5 .6 2 7 5 .6 M A N U FA C TU R IN G C r e a m e r y b u t t e r .................................................................. 2 7 6 .0 2 7 6 .8 2 7 6 .8 2 7 6 .5 2 7 7 .8 2 7 5 .5 2 7 5 .6 2 7 5 .6 2 7 5 .6 2 7 6 .1 2 7 8 .4 2044 R ic e m i ll in g ...................................................................... 1 8 5 .1 1 8 3 .0 1 8 3 .0 1 7 5 .2 1 9 6 .1 1 9 1 .3 1 8 3 .0 1 8 3 .0 1 8 8 .9 1 9 1 .3 1 9 4 .5 1 9 3 .7 1 9 8 .1 2067 2021 201.1 C h e w in g g u m .................................................................. 3 0 4 .1 3 0 4 .7 3 0 4 .8 3 0 6 .0 3 0 6 .1 3 2 6 .0 3 2 6 .0 3 2 6 .1 3 2 6 .1 3 2 6 .1 3 2 7 .2 3 2 7 .2 3 2 7 .3 3 2 7 .3 2074 C o tto n s e e d o il m i l l s ......................................................... 2083 M a lt 2091 C a n n e d a n d c u r e d s e a fo o d s ( 1 2 /7 3 = ......................................................... 2098 M a c a r o n i a n d s p a g h e t t i .................................................................. 100) 2251 W o m e n 's h o s ie r y , e x c e p t s o c k s ( 1 2 / 7 5 = 2261 F in is h in g p la n ts , c o tt o n ( 6 / 7 6 = 2262 F in is h in g p la n ts , s y n th e t ic s , s ilk ( 6 /7 6 = 2284 T h r e a d m i ll s ( 6 / 7 6 = 2298 C o r d a g e a n d t w in e ( 1 2 / 7 7 = 2323 M e n ’ s a n d b o y s ' n e c k w e a r ( 1 2 /7 5 = 2361 C h ild r e n ’ s d r e s s e s a n d b lo u s e s ( 1 2 /7 7 = 2381 F a b r ic d r e s s a n d w o r k g lo v e s 2394 . . 100) 1 8 2 .8 1 7 9 .2 1 7 7 .9 1 7 7 .7 1 7 5 .7 1 7 3 .4 1 7 3 .7 1 6 9 .4 1 6 9 .8 2 5 8 .5 2 5 9 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 2 5 5 .5 1 1 6 .8 1 1 6 .9 1 2 2 .7 r122.7 122.8 1 2 2 .9 1 2 3 .0 1 3 6 .1 1 3 9 .8 '1 3 8 . 0 1 3 2 .9 1 3 2 .6 1 3 3 .8 1 3 3 .5 1 2 7 .8 1 2 7 .3 1 2 5 .7 1 2 6 .7 1 2 6 .2 1 2 7 .2 '1 2 6 . 9 1 2 5 .8 1 2 5 .1 1 2 7 .2 1 2 5 .8 1 5 7 .2 1 5 8 .0 1 5 7 .9 1 5 7 .9 1 5 7 .8 1 5 7 .9 1 6 1 .9 1 6 5 .6 1 6 5 .7 1 6 5 .7 1 6 5 .7 1 6 5 .7 1 6 5 .7 .................. 1 6 6 .1 1 4 1 .5 1 4 2 .6 1 4 2 .6 1 4 2 .6 1 4 2 .6 1 4 2 .6 1 4 2 .7 1 4 2 .8 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 7 .6 1 3 9 .0 100) 1 1 9 .5 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 1 .3 1 2 3 .5 100) . . . 100) . 100) . . . . ........................................ 100) . . . . 100) . . 1 2 3 .0 1 2 0 .6 1 1 8 .6 1 1 8 .6 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 7 .0 1 1 5 .5 1 1 5 .5 1 1 5 .5 1 1 7 .0 1 1 7 .0 1 1 7 .0 2 9 2 .1 1 1 7 .0 2 8 8 .2 2 8 7 .4 2 8 7 .4 2 8 7 .4 2 8 8 .8 2 8 8 .8 2 8 8 .8 2 9 1 .0 2 9 1 .7 2 9 1 .7 2 9 6 .3 2 9 6 .3 2 9 6 .3 1 4 5 .4 1 4 4 .8 1 4 7 .3 1 4 7 .3 1 4 7 .3 1 4 8 .7 1 4 8 .7 1 4 6 .2 1 4 6 .2 '1 4 6 . 2 1 4 6 .8 1 4 6 .8 1 4 6 .8 1 4 6 .8 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 3 1 .0 1 4 5 .6 1 4 3 .8 1 4 4 .3 1 4 4 .2 1 4 4 .6 1 4 4 .6 1 4 5 .2 1 4 5 .7 1 4 6 .9 '1 4 8 . 5 1 4 9 .3 1 5 0 .8 1 5 1 .2 1 5 0 .9 2 7 0 .3 2 7 1 .3 2 7 1 .4 2 7 1 .4 2 7 1 .4 2 7 1 .4 2 7 3 .4 2 7 9 .6 2 8 2 .5 '2 8 2 . 5 2 8 3 .6 2 8 4 .7 2 8 4 .7 2 8 4 .7 2 6 6 .7 2 6 8 .6 2 6 8 .7 2 6 9 .3 2 5 9 .7 100) .................. B r ic k a n d s t r u c t u r a l c la y t i l e ................................... 2 6 0 .8 2 6 1 .7 1 3 1 .0 2 6 1 .7 2 6 1 .7 2 6 1 .7 2 6 1 .7 2 6 5 .1 265 2 '2 6 5 . 2 . 1 7 7 .8 1 7 7 .5 1 7 7 .9 1 8 0 .7 1 8 3 .8 1 8 3 .8 1 8 3 .8 1 8 3 .8 1 8 5 .6 '1 8 5 . 6 1 8 5 .9 1 8 7 .7 1 8 7 .7 1 8 7 .7 2 7 8 .3 2 7 9 .6 2 7 8 .3 2 8 0 .1 2 7 8 .3 2 6 7 .2 2 5 7 .4 2 5 0 .4 2 4 0 .6 '2 4 6 . 0 2 5 4 .9 2 5 6 .3 2 5 8 .1 2 5 7 .8 1 7 3 .5 1 8 0 .4 1 7 7 .2 1 7 3 .7 1 7 2 .9 1 7 1 .4 1 6 5 .8 1 6 3 .2 1 6 6 .9 '1 6 5 . 1 1 6 4 .2 1 6 6 .8 1 6 5 .8 1 6 7 .4 3 0 7 .4 3 1 4 .0 3 1 4 .0 3 1 5 .5 3 1 5 .5 3 1 5 .7 3 1 5 .6 3 2 8 .3 3 3 2 .2 '3 3 3 . 8 3 3 5 .7 3 3 7 .5 3 3 7 .5 3 3 7 .5 1 4 0 .6 1 4 0 .7 1 4 0 .7 1 4 0 .7 1 4 0 .7 '1 4 2 . 4 1 4 6 .8 1 4 6 .8 1 4 6 .8 3 5 2 .8 3 5 6 .9 1 4 6 .8 3 5 7 .0 3 5 0 .3 3 5 0 .3 3 5 1 .1 3 5 1 .1 3 5 1 .2 3 5 2 .2 '3 5 2 . 2 3 5 0 .4 . . . 3 5 3 .0 3 5 5 .3 2 1 9 .7 3 5 6 .8 2 1 9 .0 2 1 9 .0 2 1 8 .9 2 1 9 .0 2 1 9 .0 2 1 5 .7 2 1 5 .7 2 3 2 .7 '2 3 4 . 7 2 3 4 .8 2 3 5 .4 2 3 5 .4 2 3 5 .5 V itr e o u s p lu m b in g f i x t u r e s ...................... 2 6 5 .0 2 6 7 .2 2 6 9 .1 2 7 0 .3 2 6 9 .7 2 7 2 .1 2 7 3 .3 2 7 5 .1 2 7 5 .3 '2 7 6 . 1 2 7 6 .9 2 7 7 .2 2 7 7 .2 2 8 1 .3 3262 V itr e o u s c h in a f o o d u t e n s ils 3263 F in e e a r th e n w a r e f o o d u t e n s ils 3 6 0 .2 3 6 0 .8 3 7 0 .2 3 7 7 .7 3 8 0 .1 3 8 0 .1 3 8 0 .1 3 8 0 .1 '3 8 0 . 1 3 6 9 .2 3 6 9 .2 3 6 9 .2 3 6 9 .2 3 1 6 .9 3 2 3 .5 3 2 4 .8 3 2 6 .0 3 6 5 .7 3 6 5 .7 3 6 5 .7 3 6 5 .7 '3 6 5 . 9 3 6 4 .3 3 6 4 .3 3 6 4 .3 3 6 4 .3 1 6 7 .3 1 6 7 .4 1 6 9 .6 1 7 1 .9 1 7 3 .7 1 8 6 .5 1 8 6 .6 1 8 6 .6 1 8 6 .6 '1 8 6 . 6 1 8 3 .8 1 8 3 .8 1 8 3 .8 1 8 3 .8 1 8 6 .3 1 8 7 .8 1 8 7 .7 1 8 7 .5 1 8 5 .7 1 8 7 .3 1 8 5 .5 1 8 5 .1 1 8 7 .8 '1 8 5 .2 1 8 6 .5 1 8 7 .3 1 8 7 .9 1 8 6 .6 2 0 1 .8 2 0 3 .8 2 0 3 .8 2 0 3 .7 2 0 3 .6 2 0 3 .7 2 0 3 .6 2 0 3 .6 2 0 3 .8 '2 0 3 . 6 2 0 3 .7 2 0 3 .8 2 0 3 .8 2 0 3 .8 100) . 100) S m a ll a r m s a m m u n it io n ( 1 2 /7 5 = W e ld in g a p p a r a tu s , e le c t r ic ( 1 2 /7 2 = 100) . 3636 S e w in g m a c h in e s ( 1 2 /7 5 = 3641 E le c tr ic l a m p s ............................... 3648 L ig h tin g e q u ip m e n t , n . e . c . ( 1 2 / 7 5 = 100) 3671 E le c tr o n tu b e s , r e c e iv in g t y p e D o lls ( 1 2 / 7 5 = 100) . . . . . G a m e s , t o y s , a n d c h il d r e n 's v e h ic le s 3955 C a r b o n p a p e r a n d In k e d r ib b o n s ( 1 2 /7 5 3995 B u r ia l c a s k e ts ( 6 / 7 6 = . . . . = 100) . H a r d s u r fa c e f lo o r c o v e r in g s ( 1 2 /7 5 = 1 6 4 .2 1 4 9 .0 1 5 0 .1 1 5 0 .6 1 7 4 .1 1 7 5 .1 1 7 5 .1 1 8 1 .6 1 8 1 .6 '1 8 1 . 6 1 8 7 .6 1 8 7 .6 2 3 9 .6 1 8 7 .6 1 8 7 .6 2 4 2 .8 2 4 3 .0 2 4 3 .3 2 4 3 .3 2 4 3 .6 2 4 4 .0 2 4 3 .4 2 4 3 .3 '2 4 3 . 1 2 3 7 .3 2 3 8 .4 2 3 8 .4 2 3 8 .5 1 5 4 .6 100) 1 0 0 ) .......................... 100) 100) . . . 1 5 3 .6 1 5 4 .2 1 5 4 .2 1 5 4 .2 1 5 4 .2 1 5 4 .4 1 5 5 .0 1 5 6 .8 '1 5 6 . 8 1 5 6 .1 1 5 6 .1 2 9 4 .0 1 5 6 .1 2 9 6 .3 1 5 6 .1 3 0 2 .9 3 0 3 .0 3 0 3 .4 3 0 6 .0 3 1 1 .5 3 1 1 .4 3 1 3 .8 3 1 3 .8 3 1 6 .7 3 1 9 .4 1 7 0 .0 3 1 9 .8 3 3 2 .4 1 7 1 .2 1 7 1 .3 1 7 1 .3 1 7 1 .4 1 7 1 .4 1 7 1 .5 171 6 1 7 2 .6 1 7 2 .6 1 7 3 .1 1 7 3 .4 1 7 3 .4 3 8 2 .1 3 8 0 .2 1 7 3 .6 3 8 0 .3 4 1 4 .0 4 1 4 .1 4 3 1 .6 4 3 2 .0 431 9 4 3 2 .1 '4 3 2 . 1 4 3 2 .2 4 3 2 .4 1 3 6 .7 4 3 2 .4 1 3 6 .8 4 3 2 .6 1 3 6 .8 1 3 6 .8 1 3 6 .5 1 3 7 .1 1 3 6 .8 1 3 6 .8 1 3 7 .7 '1 3 7 . 7 1 3 7 .4 1 3 7 .3 1 3 7 .3 1 3 7 .3 2 3 4 .0 2 3 4 .8 2 3 5 .3 2 3 5 .3 2 3 5 .5 2 3 5 .3 2 4 3 .4 241 8 2 4 2 .2 '2 4 2 . 2 232.1 2 3 7 .9 2 3 1 .9 1 4 0 .0 2 3 1 .9 1 3 9 .3 1 3 9 .3 1 3 9 .2 1 3 9 .4 1 3 9 .2 1 3 9 .2 139 2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 3 9 .2 1 5 0 .8 1 5 0 .8 1 5 0 .8 1 5 0 .8 1 4 7 .0 1 5 2 .1 152 1 152.1 1 3 9 .2 1 4 8 .4 1 5 2 .1 1 5 2 .1 1 5 5 .4 1 5 5 .4 1 5 5 .9 1 5 6 .9 1 5 5 .4 1 5 8 .9 1 5 8 .9 1 5 6 .8 1 5 9 .2 1 5 9 .2 1 5 9 .2 1 5 9 .7 '1 5 9 . 6 1 5 9 .4 1 6 2 .0 1 6 3 .4 1 6 3 .5 iv io iiov i m e a v aiia u m iy u i idle repi r e s p o n d e n ts . A ll d a ta a r e s u b je c t t o r e v is io n 4 m o n th s a f te r o r ig in a l p u b lic a tio n . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 3 9 .2 N O TE : I n d e x e s w h ic h w e r e d e le te d in t h e S e p t e m b e r is s u e m a y n o w b e f o u n d in T a b le 4 o f t h e B L S m o n th ly r e p o r t , P r o d u c e r P r ic e s a n d P r ic e In d e x e s . r = r e v is e d . 110 1 4 0 .7 3 5 7 .8 3482 3942 1 4 0 .7 3 1 8 .2 1 0 0 ) ........................... N o n c la y r e fr a c to r ie s ( 1 2 /7 4 = 1 4 0 .7 . . P o t te r y p r o d u c t s , n . e . c . ( 1 2 /7 5 = L im e ( 1 2 / 7 5 = 1 4 0 .7 . . . 3623 3996 1 8 6 .6 1 2 2 .7 3251 3944 1 8 6 .4 1 3 6 .0 A s p h a lt f e lt s a n d c o a t in g ( 1 2 /7 5 = 3297 232 6 1 8 6 .3 1 2 2 .6 2952 3274 2 6 5 .6 2 3 2 .6 1 8 6 .2 1 3 5 .3 F ib e r c a n s , d r u m s , a n d s im ila r p r o d u c ts ( 1 2 /7 5 = 3269 220.6 2 3 2 .6 1 8 7 .0 1 1 8 .5 P e t r o le u m r e fin in g ( 6 /7 6 = 3261 1 9 2 .4 2 3 2 .6 1 3 6 .1 2655 S t r u c t u r a l c la y p r o d u c ts , n . e . c . 1 7 9 .2 2 3 2 .6 1 1 8 .3 2911 C e r a m ic w a ll a n d f lo o r t ile ( 1 2 /7 5 = r186.2 2 3 2 .6 1 3 6 .2 W o o d o ffic e f u r n i t u r e ............................................ C la y r e f r a c t o r i e s ................................... 1 8 6 .8 2 3 2 .6 1 1 8 .5 100) 3259 1 6 7 .1 2 3 2 .6 1 3 6 .8 A u t o m o t iv e a n d a p p a r e l t r im m i n g s ( 1 2 /7 7 = 3253 1 7 3 .4 2 3 2 .6 1 2 7 .5 W o o d p a lle ts a n d s k id s ( 1 2 / 7 5 = 3255 1 5 7 .5 2 4 0 .6 1 1 6 .9 .......................... 100) 1 6 9 .4 2 4 0 .6 1 3 8 .5 C a n v a s a n d r e la te d p r o d u c t s ( 1 2 /7 7 = S a n ita r y f o o d c o n t a in e r s '1 6 4 . 1 1 2 8 .2 100) . . . 2396 2654 1 5 7 .6 2 5 1 .2 1 3 9 .5 ...................... 1 0 0 ) ...................... 100) 1 6 4 .4 2 5 1 .2 1 2 8 .2 100) 2448 2521 . . . 1 6 8 .3 2 5 6 .9 PRODUCTIVITY DATA P are compiled by the Bureau of Labor Statistics from establishment data and from estimates of compensation and output supplied by the U.S. Department of Commerce and the Federal Reserve Board. r o d u c t i v i t y d a t a the components of unit nonlabor payments except unit profits. Unit profits include corporate profits and inventory valuation adjustments per unit of output. The implicit price deflator is derived by dividing the current dollar estimate of gross product by the constant dollar estimate, making the Definitions deflator, in effect, a price index for gross product of the sector reported. Output is the constant dollar gross domestic product produced in a given period. Indexes o f output per hour of labor input, or labor productivity, measure the value o f goods and services produced per hour of labor. Compensation per hour includes wages and salaries of employees plus employers’ contributions for social insurance and private benefit plants. Hours of all persons describes the labor input of payroll workers, selfemployed persons, and unpaid family workers. Output per all employee hour describes labor productivity in nonfinancial corporations where there are no self-employed. The data also include an estimate of wages, salaries, and supplementary payments for the self-employed, except for nonfinancial corporations, in which there are no self-employed. Real compensation per hour is com pensation per hour adjusted by the Consumer Price Index for All Urban Consumers. Unit labor cost measures the labor compensation cost required to pro duce one unit of output and is derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and in direct taxes per unit o f output. They are computed by subtracting com pensation o f all persons from the current dollar gross domestic product and dividing by output. In these tables, unit nonlabor costs contain all 28. Notes on the data In the business sector and the nonfarm business sector, the basis for the output measure employed in the computation of output per hour is Gross Domestic Product rather than Gross National Product. Computation of hours includes estimates of nonfarm and farm proprietor hours. Output data are supplied by the Bureau of Economic Analysis, U.S. Department of Commerce, and the Federal Reserve Board. Quarterly man ufacturing output indexes are adjusted by the Bureau of Labor Statistics to annual estimates of output (gross product originating) from the Bureau of Economic Analysis. Compensation and hours data are from the Bureau of Economic Analysis and the Bureau of Labor Statistics. A nnual indexes of productivity, hourly com pensation, unit costs, and prices, selected years, 1 9 5 0 -8 2 (1 9 7 7 = 1 0 0 ) Ite m 195 0 195 5 1960 1 965 1970 1975 1976 1977 1978 1979 1980 1981 1982 B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 5 0 .4 5 8 .3 6 5 .2 7 8 .3 86 2 9 4 .5 9 7 .6 1 0 0 .6 9 9 .4 9 8 .9 1 0 1 .3 1 0 1 .2 C o m p e n s a tio n p e r h o u r ......................................................... 2 0 .0 2 6 .4 3 3 .9 4 1 .7 5 8 .2 8 5 .5 9 2 .9 1 0 0 .0 1 0 8 .6 1 1 8 .7 1 3 1 .2 1 4 3 .9 1 5 5 .1 R e a l c o m p e n s a tio n p e r h o u r 5 0 .5 5 9 .6 6 9 .5 8 0 .1 9 0 .8 9 6 .3 9 8 .9 1 0 0 .0 1 0 0 .9 9 9 .1 9 6 .5 95 9 9 7 .4 ............................................ 1 0 0 .0 U n it la b o r c o s t s ........................................................................... 3 9 .8 4 5 .2 5 2 .1 5 3 .3 6 7 .5 9 0 .5 9 5 .1 1 0 0 .0 1 0 8 .0 1 1 9 .5 1 3 2 .7 1 4 2 .1 1 5 3 .3 U n it n o n la b o r p a y m e n t s ......................................................... 4 3 .4 4 7 .6 5 0 .6 5 7 .6 6 3 .2 9 0 .4 9 4 .0 1 0 0 .0 1 0 6 .7 1 1 2 .8 119 0 1 3 6 .2 1 3 6 .9 I m p li c it p r ic e d e f l a t o r ............................................................. 4 1 .0 4 6 .0 5 1 .6 5 4 .7 6 6 .0 9 0 .4 9 4 .7 1 0 0 .0 1 0 7 .5 1 1 7 .2 128 1 1 4 0 .1 1 4 7 .7 9 4 .7 9 7 .8 1 0 0 .0 1 0 0 .2 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ 6 2 .7 6 8 .3 1 0 0 .6 9 9 .1 9 8 .4 1 0 0 .3 C o m p e n s a tio n p e r h o u r ......................................................... 2 1 .8 2 8 .3 3 5 .7 4 2 .8 5 8 .7 8 6 .0 9 3 .0 1 0 0 .0 1 0 8 .6 1 1 8 .4 1 3 0 .7 1 4 3 .5 R e a l c o m p e n s a tio n p e r h o u r ............................................ 5 6 .3 5 5 .0 6 4 .0 7 3 .0 8 2 .2 9 1 .5 9 6 .8 9 9 .0 1 0 0 .0 1 0 0 .9 9 8 .9 9 6 .1 9 5 .6 9 7 .1 U n it la b o r c o s t s .......................................................................... 3 8 .8 4 5 .1 5 2 .3 5 3 .2 6 7 .6 9 0 .8 9 5 .1 1 0 0 .0 1 0 8 .0 1 1 9 .5 1 3 2 .8 1 4 3 .0 1 5 4 .4 U n it n o n la b o r p a y m e n t s ......................................................... 4 2 .7 4 7 .8 5 0 .4 5 8 .0 6 3 .8 8 8 .5 9 3 .5 1 0 0 .0 1 0 5 .3 1 1 0 .4 1 1 8 .5 1 3 5 .0 1 3 7 .0 I m p li c it p r ic e d e f l a t o r ............................................................. 4 0 .1 4 6 .0 5 1 .6 5 4 .8 6 6 .3 9 0 .0 9 4 .6 1 0 0 .0 1 0 7 .1 1 1 6 .5 1 2 8 .1 1 4 0 ,4 1 4 8 .6 O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ <1 ) <1 ) 6 8 .0 8 1 .9 8 7 .4 9 5 .5 9 8 .2 1 0 0 .0 1 0 0 .9 1 0 0 .7 99 8 1 0 2 .3 1 0 2 .8 C o m p e n s a tio n p e r h o u r ......................................................... 8 0 .5 . 8 6 .8 1 5 4 .7 N o n f in a n c ia l c o r p o r a t io n s : <1 ) <1 ) 5 9 .4 8 6 .1 1 0 0 .0 1 0 8 .5 ............................................ (1) (1> 7 5 .8 8 4 .3 9 2 .7 9 6 .9 9 8 .9 1 0 0 .0 1 0 0 .7 9 9 .1 96 3 9 5 .7 9 7 .2 U n it la b o r c o s t s ........................................................................... (1) I1) 5 4 .4 5 3 .5 6 8 .0 9 0 .2 9 4 .6 1 0 0 .0 1 0 7 .5 1 1 7 .8 1 3 1 .2 1 4 0 .3 150 6 U n it n o n la b o r p a y m e n t s ......................................................... <1 ) (1) 5 4 .6 60 8 6 3 .1 9 0 .8 9 5 .0 1 0 0 .0 1 0 4 .2 1 0 6 .9 1 1 7 .4 1 3 4 .4 1 3 7 .6 R e a l c o m p e n s a tio n p e r h o u r I m p li c it p r ic e d e f l a t o r ............................................................. 3 7 .0 4 3 .9 9 2 .9 1 1 8 .7 1 3 0 .9 1 4 3 .6 1 5 4 .8 <1 ) <1 ) 5 4 .5 5 6 .1 6 6 .3 9 0 .4 9 4 .7 1 0 0 .0 1 0 6 .4 1 1 4 ,1 1 2 6 .4 1 3 8 .3 1 4 6 .1 4 9 .4 5 6 .4 6 0 .0 7 4 .5 7 9 .1 9 3 .4 9 7 .5 1 0 0 .0 1 0 0 .8 1 0 1 .5 1 0 1 .7 1 0 5 .3 1 0 6 .5 9 2 .3 1 0 0 .0 158 2 M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s ........................................ C o m p e n s a tio n p e r h o u r ......................................................... 2 1 .5 2 8 .8 3 6 .7 4 2 .8 5 7 .6 1 0 8 .3 1 1 8 .8 1 3 2 .7 1 4 5 .8 ............................................ 5 4 .0 6 5 .1 7 5 .1 8 2 .3 8 9 .8 9 6 .2 9 8 .3 1 0 0 .0 1 0 0 .6 9 9 .2 9 7 .6 9 7 .2 99 3 U n it la b o r c o s t s ........................................................................... 4 3 .4 5 1 .0 6 1 .1 5 7 .5 7 2 .7 9 1 .5 9 4 .6 1 0 0 .0 1 0 7 .4 1 1 7 .0 1 3 0 .5 1 3 8 .5 1 4 8 .5 U n it n o n la b o r p a y m e n t s ......................................................... 5 4 .3 5 8 .5 6 1 .1 69 3 6 5 .0 8 7 .3 9 3 .7 1 0 0 .0 1 0 2 .5 99 9 9 7 .7 1 1 0 .2 109 2 I m p li c it p r ic e d e f l a t o r .............................................................. 4 6 .6 5 3 .2 6 1 .1 6 1 .0 7 0 .5 9 0 .3 9 4 .4 1 0 0 .0 1 0 Í.0 1 1 2 .0 1 2 0 .9 1 3 0 .2 1 3 7 .0 R e a l c o m p e n s a tio n p e r h o u r 8 5 .4 1 N o t a v a ila b le . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ill MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Productivity 29. Annual changes in productivity, hourly com pensation, unit costs, and prices, 1 9 7 2 -8 2 A nnu al rate Year Ite m of change 1 972 1 973 1974 197 5 197 6 1977 1978 1979 1980 - 1 .2 - 0 .5 1981 1982 2 .4 - 0 .1 1 9 5 0 -8 2 1 9 7 2 -8 2 B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ...................... 3 .5 2 .6 -2 .4 2 .2 3 .3 2 .4 0 .6 C o m p e n s a tio n p e r h o u r ....................................... 6 .5 8 .0 9 .4 9 .6 8 .6 7 .7 8 .6 9 .4 1 0 .5 9 .7 R e a l c o m p e n s a tio n p e r h o u r .......................... 3 .1 1 .6 - 1 .4 0 .5 2 .6 1 .2 0 .9 - 1 .7 - 2 .6 -0 .6 1 .5 7 .7 2 .2 0 .9 6 .6 8 .9 2 .1 0 .2 ......................................................... 2 .9 5 .3 1 2 .1 7 .3 5 .1 5 .1 8 .0 1 0 .7 1 1 .1 7 .1 7 .9 4 .3 7 .9 U n it n o n la b o r p a y m e n t s ....................................... 4 .5 5 .9 4 .4 1 5 .1 4 .0 6 .4 6 .7 5 .8 5 .5 1 4 .4 0 .5 3 .7 6 .8 I m p li c it p r ic e d e f la t o r 3 .4 5 .5 9 .5 9 .8 4 .7 5 .6 7 .5 9 .0 9 .2 9 .4 3 .7 2 .4 - 2 .5 2 .0 3 .2 2 .2 0 .6 - 1 .5 - 0 .7 1 .9 C o m p e n s a tio n p e r h o u r ....................................... 6 .7 7 .6 9 .4 9 .6 8 .1 7 .5 8 .6 9 .0 1 0 .4 9 .8 7 .8 6 .3 8 8 R e a l c o m p e n s a tio n p e r h o u r 3 .3 113 - 1 .4 0 .4 2 .2 1 .0 0 .9 - 2 .0 - 2 .8 - 0 .6 1 .6 1 .8 0 .1 2 .8 5 .0 1 2 .2 7 .5 4 .8 5 .2 8 .0 1 0 .7 1 1 .1 7 .7 7 .9 U n it la b o r c o s ts ........................................... 5 .4 4 .1 7 6 1 .8 0 8 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s U n it la b o r c o s ts ...................... .......................... .................................................... - 0 .1 4 .4 8 .0 U n it n o n la b o r p a y m e n t s ....................................... 3 .2 1 .3 5 .9 1 6 .7 5 .7 6 .9 5 .3 4 .8 7 .4 1 3 .9 1 .4 3 .7 6 8 I m p li c it p r ic e d e f la t o r 3 .0 3 .8 1 0 .2 1 0 .3 5 .1 5 .7 7 .1 8 .8 1 0 .0 9 .6 5 .8 4 2 7 6 ............................................ N o n f in a n c ia l c o r p o r a t io n s : O u t p u t p e r h o u r o f a ll e m p l o y e e s .................. 2 .9 2 .4 -3 .7 2 .9 2 .9 1 .8 0 .9 - 0 .2 - 0 .9 2 .5 0 .5 C o m p e n s a tio n p e r h o u r ................................... 5 .7 7 .5 9 .4 9 .6 7 .9 7 .6 8 .5 9 .4 1 0 .3 9 .7 7 .8 2 .4 ( 1) 8 8 R e a l c o m p e n s a tio n p e r h o u r 1 .2 - 1 .5 0 .4 2 .0 1 .1 0 .7 - 1 .7 - 2 .8 - 0 .6 1 .6 <1 > 0 0 5 .7 7 .5 9 .6 U n it la b o r c o s ts .......................... <1 ) ......................................................... 2 .8 4 .9 1 3 .6 6 .5 4 .9 1 1 .3 7 .0 7 .3 U n it n o n la b o r p a y m e n t s ....................................... 2 .7 <1 ) 1 .5 7 .1 2 0 .1 4 .6 5 .3 4 .2 2 .6 9 .8 1 4 .5 2 .4 I m p li c it p r ic e d e f la t o r 2 .8 3 .8 <1 ) 1 1 .4 . 1 0 .9 4 .8 5 .6 6 .4 7 .2 1 0 .8 9 .4 5 .7 ............................................ M a n u fa c t u r in g : . ...................... 5 .0 5 .4 - 2 .4 2 .9 4 .4 2 .5 0 .8 0 .7 C o m p e n s a tio n p e r h o u r ....................................... 5 .4 7 .2 1 0 .6 1 1 .9 8 .0 8 .3 8 .3 9 .7 1 1 .7 R e a l c o m p e n s a tio n p e r h o u r 2 .0 0 .9 - 0 .3 2 .5 2 .1 1 .8 0 .6 - 1 .4 - 1 .6 3 .4 5 .7 O u t p u t p e r h o u r o f a ll p e r s o n s U n it la b o r c o s ts .................. 0 .2 3 .5 1 .2 2 4 1 9 8 5 6 4 9 4 2 .2 1 9 0 6 7 .2 0 .3 1 .7 1 3 .3 8 .8 7 .4 9 .0 1 1 .5 6 .1 0 .8 - 3 .3 - 1 .8 2 5 .9 7 .4 6 .7 2 .5 - 2 .6 - 2 .2 1 2 .8 I m p li c it p r ic e d e f la t o r 0 .5 0 .3 9 .0 1 3 .1 4 .6 6 .0 6 .0 5 .7 7 .9 7 .7 112 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 1 9 .9 ............................................ 1 N o t a v a ila b le . 7 8 7 6 -4 U n it n o n la b o r p a y m e n t s .......................... ................................... (1 ) 0 9 3 9 7 4 9 2 2 4 1 5 .2 3.4 6.5 -0 30. Q uarterly indexes of productivity, hourly com pensation, unit costs, and prices, seasonally adjusted [1977 = 100] Q u a rte rly in d exes Annual averag e Ite m 1981 1981 198 2 1 II 1982 III IV 1 II 1983 III IV 1 II III » B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s C o m p e n s a tio n p e r h o u r ................................... 1 0 1 .3 1 0 1 .2 1 0 0 .5 1 0 1 .1 1 0 2 .3 1 0 1 .2 1 0 1 .1 1 0 0 .7 1 0 1 .1 1 0 1 .9 1 0 2 .5 M 0 3 .8 P 1 0 5 .0 ..................................................... 1 4 3 .9 1 5 5 .1 1 3 9 .7 1 4 2 .2 1 4 5 .5 1 4 8 .2 1 5 1 .6 1 5 3 .9 1 5 6 .5 1 5 8 .7 1 6 0 .7 1 6 2 .1 P 1 6 4 .3 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 5 .9 9 7 .4 9 5 .6 9 7 .1 97 4 9 7 .1 9 8 .0 9 9 .4 9 9 .2 P 9 9 .5 U n it la b o r c o s t s ........................................................................... 1 4 2 .1 1 5 3 .3 1 3 9 .0 1 4 0 .7 1 4 2 .3 1 4 6 .4 1 4 9 .9 1 5 2 .9 1 5 4 .7 1 5 5 .6 1 5 6 .9 r 1 5 6 .2 P 1 5 6 .5 U n it n o n la b o r p a y m e n ts ..................................................... 1 3 6 .2 1 3 6 .9 1 3 1 .2 9 6 .3 133 4 9 6 .1 1 3 9 .9 9 5 .6 1 4 0 .2 1 3 7 .0 137 0 1 3 6 .3 137 4 1 4 0 .8 1 4 5 .8 P 1 4 8 .2 I m p li c it p r ic e d e f la t o r . ......................................................... 1 4 0 .1 1 4 7 .7 1 3 6 .3 1 3 8 .2 1 4 1 .5 1 4 4 .3 1 4 5 .5 1 4 7 .5 1 4 8 .5 1 4 9 .4 1 5 1 .5 r 1 5 2 .7 P 1 5 3 .7 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ................................... 1 0 0 .3 1 0 0 .2 1 0 0 .1 1 0 0 .1 1 0 1 .1 9 9 .9 100 0 9 9 .9 1 0 0 .4 1 0 0 .8 1 0 1 .7 r 1 0 3 .3 P 1 0 4 .5 ..................................................... 1 4 3 .5 1 5 4 .7 1 3 9 .3 1 4 1 ,8 1 4 5 .1 1 4 7 .7 1 5 1 .3 1 5 3 .5 1 5 6 .1 1 5 8 .3 1 6 1 .0 1 6 2 .7 P 1 6 4 .5 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 5 .6 9 7 .1 9 6 .0 9 5 .8 9 5 .3 9 5 .4 9 6 .9 9 7 .1 9 6 .9 9 7 .8 9 9 .5 9 9 .6 P 9 9 .5 1 5 8 .3 r 1 5 7 .4 P 1 5 7 .3 C o m p e n s a tio n p e r h o u r U n it la b o r c o s t s ........................................................................... 1 4 3 .0 1 5 4 .4 1 3 9 .2 1 4 1 .6 1 4 3 .5 1 4 7 .8 1 5 1 .3 153 6 1 5 5 .4 1 5 7 .1 U n it n o n la b o r p a y m e n ts ..................................................... 1 3 5 .0 1 3 7 .0 1 3 0 .3 1 3 2 .2 1 3 8 .3 1 3 9 .5 1 3 6 .4 1 3 7 .7 1 3 6 .5 1 3 7 .2 1 4 0 .7 M 4 5 .9 P 1 4 9 .3 I m p li c it p r ic e d e f l a t o r .............................................................. 1 4 0 .4 1 4 8 .6 1 3 6 .2 1 3 8 .4 1 4 1 .8 1 4 5 .0 1 4 6 .4 1 4 8 .3 1 4 9 .1 1 5 0 .5 1 5 2 .4 1 5 3 .6 P 1 5 4 .6 N o n f in a n c ia l c o r p o r a t io n s : O u t p u t p e r h o u r o f a ll e m p l o y e e s ............................... C o m p e n s a tio n p e r h o u r 1 0 2 .3 1 0 2 .8 1 0 1 .8 1 0 2 .1 1 0 3 .0 1 0 2 .2 1 0 2 .4 1 0 2 .3 1 0 3 .2 1 0 3 .4 1 0 4 .3 r 1 0 5 .9 ( 1) ..................................................... 1 4 3 .6 1 5 4 .8 1 3 9 .5 1 4 2 .0 1 4 5 .0 1 4 7 .8 1 5 1 .7 1 5 3 .7 1 5 6 .1 1 5 8 .1 1 6 0 .4 1 6 1 .6 ( 1) R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 5 .7 97 2 9 6 .2 9 5 .9 9 5 .2 9 5 .4 97 2 9 7 .2 9 6 .9 9 7 .7 9 9 .2 9 8 .9 <1 ) T o t a l u n it c o s t s ........................................................................... 1 4 2 .7 1 5 3 .5 1 3 8 .4 1 4 1 .1 1 4 3 .6 1 4 7 .7 1 5 0 .9 1 5 3 .1 1 5 3 .8 1 5 6 .3 1 5 6 .7 1 5 5 .3 ( 1) U n it la b o r c o s t s ............................................................. 1 4 0 .3 1 5 0 .6 1 3 7 .0 1 3 9 .0 1 4 0 .7 1 4 4 .6 1 4 8 .1 1 5 0 .2 1 5 1 .1 1 5 2 .9 1 5 3 .9 1 5 2 .5 (1) U n it n o n la b o r c o s t s ..................................................... 1 4 9 .4 1 6 1 .8 1 4 2 .3 1 4 7 .0 1 5 1 .9 1 5 6 .6 1 5 8 .9 1 6 1 .2 1 6 1 .3 1 6 5 .9 1 6 4 .7 1 6 3 .1 ( 1) ................................................................................... 1 0 4 .1 8 8 .9 1 0 3 .0 1 0 0 .3 1 0 8 .6 1 0 4 .2 90 8 9 0 .3 9 1 .2 8 3 .0 9 6 .1 1 1 5 .0 ( 1) I m p li c it p r ic e d e f l a t o r ............................................................. 1 3 8 .3 1 4 6 .1 1 3 4 .3 1 3 6 .4 1 3 9 .6 1 4 2 .7 1 4 4 .0 1 4 5 .9 1 4 6 .6 1 4 7 .9 1 4 9 .7 1 5 0 .7 <1 ) ................................... 1 0 5 .3 1 0 6 .5 1 0 5 .1 1 0 5 .4 1 0 6 .1 1 0 4 .4 1 0 5 .1 1 0 5 .3 1 0 7 .8 1 0 8 .1 1 1 0 .2 1 1 2 .6 U n it p r o f i t s M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s C o m p e n s a tio n p e r h o u r P 1 1 5 .8 ..................................................... 1 4 5 .8 1 5 8 .2 1 4 1 .6 1 4 4 .3 1 4 7 .0 1 5 0 .5 1 5 5 .1 1 5 7 .1 1 5 9 .6 1 6 1 .4 1 6 5 .5 1 6 6 .4 P 1 6 7 .6 R e a l c o m p e n s a tio n p e r h o u r ............................................ 9 7 .2 9 9 .3 9 7 .6 9 7 .5 9 6 .5 9 7 .1 9 9 .4 9 9 .4 9 9 .1 9 9 .7 1 0 2 .3 1 0 1 .8 P 1 0 1 .4 U n it la b o r c o s t s ........................................................................... 1 3 8 .5 1 4 8 .5 1 ,3 4 .8 1 3 6 .9 1 3 8 .5 1 4 4 .1 1 4 7 .6 1 4 9 .1 1 4 8 .1 1 4 9 .3 1 5 0 .2 1 4 7 .8 P 1 4 4 .7 r = r e v is e d . p = p r e lim in a r y . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 N o t a v a ila b le , 113 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Productivity 31. Percent change from preceding quarter and year in productivity, hourly com pensation, unit costs, and prices, seasonally adjusted at annual rate Q u arterly percen t change at a n n u al rate 11982 II 1 9 8 2 III 1 9 8 2 IV 1 9 8 2 P ercen t chan g e fro m s a m e q u a rte r a y e a r ago 1 1983 II 1 9 8 3 I1 1981 I II 1 9 8 1 IV 1 9 8 1 1 1982 II 1 9 8 2 I II 1 9 8 2 to to to to to to to to to to to to II 1 9 8 2 I II 1 9 8 2 IV 1 9 8 2 11983 II 1 9 8 3 I II 1 9 8 3 I1 1982 I II 1 9 8 2 IV 1 9 8 2 1 1983 II 1 9 8 3 III 1 9 8 3 B u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s ........................... c - 1 .6 1 .7 3 .3 2 .0 r5 . 4 P 4 .8 - 0 .4 C o m p e n s a tio n p e r h o u r ............................................ 6 .4 6 .7 5 .7 5 .4 3 .5 P 5 .6 8 .2 - 1 .0 3 .7 R e a l c o m p e n s a tio n p e r h o u r ............................... 7 .5 0 .7 1 .3 r 3 .1 P 3 .9 7 .1 6 .1 5 .3 P 5 .0 P 2 .4 5 .8 -0 .7 P 0 .8 1 .3 2 .5 2 .4 1 .9 8 .1 5 .0 2 .3 3 .3 r - 1 .8 P 6 .7 8 .7 8 .7 6 .3 4 .7 r2 . 2 ....................................... -0 .1 c - 2 .0 3 .2 1 0 .5 1 5 .0 P 2 .7 2 .7 r - 2 .6 r - 2 .0 2 .8 6 .5 P 8 .8 I m p li c it p r ic e d e f l a t o r ................................................ 5 .5 2 .7 2 .6 5 .5 r3 .3 6 .7 4 .9 3 .5 4 .1 3 .5 P 3 .5 r6 . 6 1 .7 r3 . 4 U n it la b o r c o s t s .............................................................. U n it n o n la b o r p a y m e n ts 1 .1 r -1 .1 1 .6 P 1 .1 N o n f a r m b u s in e s s s e c to r : O u t p u t p e r h o u r o f a ll p e r s o n s .......................... - 0 .4 2 .3 1 .3 3 .7 P 5 .0 - 0 .3 - 0 .6 C o m p e n s a tio n p e r h o u r ............................................ 5 .8 7 .2 5 .8 6 .8 4 .3 P 4 .5 8 .2 7 .6 7 .2 6 .4 6 .0 P 5 .3 R e a l c o m p e n s a tio n p e r h o u r ............................... 0 .5 - 0 .6 3 .7 7 .2 0 .1 P -0 .3 1 .3 1 .7 2 .6 2 .7 2 .6 P 2 .7 U n it la b o r c o s t s ............................................................. 6 .2 4 .7 4 .4 3 .0 r - 2 .1 P -0 .5 8 .5 8 .3 6 .3 4 .6 r2 . 5 U n it n o n la b o r p a y m e n ts ....................................... 3 .7 - 3 .4 2 .0 1 0 .6 r 1 5 .7 P 9 .2 4 .2 - 1 .3 -1 .6 3 .1 r6 . 0 P 9 .3 I m p li c it p r ic e d e f l a t o r ................................................ 5 .4 2 .2 3 .7 5 .3 r3 . 2 P 2 .5 7 .1 5 .2 3 .7 4 .1 3 .6 P 3 .7 0 .8 P 4 .1 P 1 .2 N o n f in a n c ia l c o r p o r a t io n s : O u t p u t p e r h o u r o f a ll e m p lo y e e s .................. c - 0 .5 3 .8 0 .6 3 .4 r6 . 5 <1 > C o m p e n s a tio n p e r h o u r ............................................ 5 .4 6 .4 5 .4 6 .0 2 .9 <1 ) R e a l c o m p e n s a tio n p e r h o u r ............................... 0 .1 - 1 .3 3 .4 6 .4 r - 1 .2 <1 ) T o ta l u n it s c o s ts U n it la b o r c o s ts 0 .1 0 .2 1 .8 r3 . 6 ( 1) 8 .2 7 .6 7 .0 5 .8 5 .2 ( 1) 1 .3 1 .7 2 .4 2 .1 1 .7 ( 1) 1 .2 ......................................................... 6 .0 1 .8 6 .7 1 .0 r - 3 .5 (1 ) 8 .5 7 .1 5 .8 3 .8 r 1 .4 ( 1) ..................................................... 6 .0 2 .4 4 .8 2 .5 r - 3 .4 (1) 8 .1 7 .4 5 .7 3 .9 1 .5 ( 1) 6 .0 0 .1 1 1 .9 - 2 .8 r - 3 .8 U n it n o n la b o r c o s ts U n it p r o f i t s • ............................................ ...................................................................... I m p li c it p r ic e d e f l a t o r ................................................ ( 1) 9 .7 6 .2 6 .0 3 .7 1 .2 (1) 3 .8 -3 1 .4 7 9 .9 r 1 0 4 .7 (1) - 9 .9 -1 6 .1 2 0 .3 5 .8 r2 7 .3 (1) 5 .4 1 .9 3 .6 5 .1 r2 .5 (1) 7 .0 5 .0 3 .6 4 .0 r3 .3 <1 ) 0 .8 9 .6 1 .2 8 .0 r9 . 0 P 1 2 .1 1 .6 3 .5 4 .8 r6 .9 P 7 .5 -2 .1 M a n u fa c t u r in g : O u t p u t p e r h o u r o f a ll p e r s o n s .......................... -0 .1 C o m p e n s a tio n p e r h o u r ............................................ 5 .1 6 .5 4 .5 1 0 .7 2 .1 P 3 .1 8 .8 8 .6 7 .3 6 .7 5 .9 P 5 .0 R e a l c o m p e n s a tio n p e r h o u r ............................... - 0 .2 - 1 .2 2 .5 1 1 .1 -2 1 P -1 .6 1 .9 2 .6 2 .7 3 .0 2 .5 P 2 .4 U n it la b o r c o s t s ............................................................. 4 .3 - 2 .8 3 .3 2 .5 r -6 .4 P -8 .0 8 .9 6 .9 3 .6 1 .8 r - 0 .9 - 2 .3 r = r e v is e d . c = c o rre c te d . 114 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 N o t a v a ila b le , WAGE AND COMPENSATION DATA D are reported to the Bureau of Labor Statistics by a sample of 2,000 private nonfarm estab lishments and 750 State and local government units selected to represent total employment in those sectors. On average, each reporting unit provides wage and compensation information on five well-specified occupations. a t a f o r t h e e m p l o y m e n t c o s t in d e x Data on negotiated wage and benefit changes are obtained from contracts on file at the Bureau, direct contact with the parties, and secondary sources. Definitions The Employment Cost Index (ECI) is a quarterly measure of the average change in the cost o f employing labor. The rate of total compensation, which comprises wages, salaries, and employer costs for employee ben efits, is collected for workers performing specified tasks. Employment in each occupation is held constant over time for all series produced in the ECI, except those by region, bargaining status, and area. As a consequence, only changes in compensation are measured. Industry and occupational employment data from the 1970 Census of Population are used in deriving constant weights for the ECI. While holding total industry and occupational employment fixed, in the estimation of indexes by region, bargaining status, and area, the employment in those measures is allowed to vary over time in accord with changes in the sample. The rate of change (in percent) is available for wages and salaries, as well as for total compensation. Data are collected for the pay period including the 12th day of the survey months o f March, June, September, and December. The statistics are neither an nualized nor adjusted for seasonal influence. Wages and salaries consist of earnings before payroll deductions, ex cluding premium pay for overtime, work on weekends and holidays, and shift differentials. Production bonuses, incentive earnings, commissions, and cost-of-living adjustments are included; nonproduction bonuses are included with other supplemental pay items in the benefits category; and payments-in-kind, free room and board, and tips are excluded. Benefits include supplemental pay, insurance, retirement and savings plans, and hours-related and legally required benefits. Data on negotiated wage changes apply to private nonfarm industry collective bargaining agreements covering 1,000 workers or more. Data on compensation changes apply only to those agreements covering 5,000 workers or more. First-year wage or compensation changes refer to average negotiated changes for workers covered by settlements reached in the period https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and implemented within the first 12 months after the effective date of the agreement. Changes over the life of the agreement refer to all adjustments specified in the contract, expressed as an average annual rate. These meas ures exclude wage changes that may occur under cost-of-living adjustment clauses, that are triggered by movements in the Consumer Price Index. Wage-rate changes are expressed as a percent of straight-time hourly earn ings; compensation changes are expressed as a percent of total wages and benefits. Effective wage adjustments reflect all negotiated changes implemented in the reference period, regardless of the settlement date. They include changes from settlements reached during the period, changes deferred from contracts negotiated in an earlier period, and cost-of-living adjustments. The data also reflect contracts providing for no wage adjustment in the period. Effective adjustments and each of their components are prorated over all workers in bargaining units with at least 1,000 workers. Notes on the data The Employment Cost Index data series began in the fourth quarter of 1975, with the quarterly percent change in wages and salaries in the private nonfarm sector. Data on employer costs for employee benefits were in cluded in 1980, to produce a measure of the percent change in employers' cost for employees' total compensation. State and local government units were added to the ECI coverage in 1981, providing a measure of total compensation change in the civilian nonfarm economy. Data for the broad white-collar, blue-collar, and service worker groups, and the manufacturing, nonmanufacturing, and service industry groups are presented in the ECI. Additional occupation and industry detail are pro vided for the wages and salaries component of total compensation in the private nonfarm sector. For State and local government units, additional industry detail is shown for both total compensation and its wages and salaries component. Historical indexes (June 1981 = 100) of the quarterly rates of changes presented in the ECI are also available. For a more detailed discussion of the ECI, see chapter 11, “ The Em ployment Cost Index,’’ of the BLS Handbook of Methods (Bulletin 2 1 3 4 1), and the Monthly Labor Review articles: “ Employment Cost Index; a measure of change in the ‘price of labor,” ’ July 1975; “ How benefits will be incorporated into the Employment Cost Index,” January 1978; and “ The Employment Cost Index; recent trends and expansion,” May 1982. Additional data for the ECI and other measures of wage and compen sation changes appear in Current Wage Developments, a monthly publi cation of the Bureau. 115 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Wage and Compensation Data 32. Em ploym ent Cost Index, by occupation and industry group [June 1981 = 100] P ercen t change C iv ilia n w o rk e rs 1 ................................................................................................................. W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o lla r w o r k e r s ............................................................................................................. B lu e - c o lla r w o r k e r s S e r v ic e w o r k e r s 1982 1981 S e rie s ............................................................................................................. ..................................................................................................................... 1983 June Sept. D ec. M arch June Sept. D ec. M a rch June 100.0 102.6 104 5 1 0 6 .3 1 0 7 .5 110.1 1 1 1 .4 1 1 3 .2 1 1 4 .5 100.0 100.0 100.0 102.8 1 0 2 .7 1 0 2 .3 3 m onths 1 2 m onths ended ended June 1 9 8 3 1.1 6 .5 1 0 4 .1 1 0 5 .7 1 0 7 .1 1 1 2 .3 1 1 3 .6 1.1 1.2 6.1 1 0 7 .2 108 3 110.8 1 1 0 .5 1 0 4 .2 1 1 2 .4 1 1 4 .3 1 1 5 .1 .7 6 .3 1 0 4 .0 1 0 6 .0 1 0 7 .2 1 0 9 .3 1 1 0 .4 1 1 2 .5 1 0 4 .9 1 0 6 .5 1 0 7 .7 1 1 0 .7 1 0 9 .2 1 1 1 .9 1 1 3 .7 1 1 4 .9 6 .7 W o r k e r s , b y in d u s t r y d iv is io n M a n u fa c t u r in g .......................................................................................................................... N o n m a n u f a c t u r i n g ................................................................................................................. S e r v ic e s ................................................................................................................................... P u b lic a d m in is t r a t io n 2 ............................................................................................... P riv a te industry w o rk e rs 100.0 100.0 100.0 100.0 102.1 102.8 .9 1 0 6 .4 1 0 7 .7 1 1 0 .5 111.8 1 1 3 .5 1 0 4 .8 1 1 3 .5 1 1 4 .9 1.2 6 .7 1 0 4 .4 1 0 7 .1 1 0 8 .2 1 0 9 .2 1 1 3 .5 1 1 5 .0 1 1 7 .1 .4 7 .2 1 0 4 .3 1 0 6 .0 1 0 8 .1 1 0 9 .1 112.8 1 1 6 .6 1 1 3 .6 1 1 6 .2 1 1 7 .0 .7 7 .2 100.0 102.0 1 0 4 .0 1 0 5 .8 1 0 7 .2 1 0 9 .3 1 1 0 .7 112.6 1 1 3 .9 1.2 6 .3 . 100.0 100.0 100.0 101.8 102.2 1 0 4 .0 1 0 5 .8 1 0 4 .0 1 0 5 .6 1 0 7 .0 1 0 9 .0 1 1 0 .3 1 0 1 .9 1 0 3 .1 1 0 6 .7 1 0 7 .9 1 0 9 .6 111.8 100.0 100.0 102.1 102.0 1 0 4 .0 1 0 6 .0 1 0 7 .2 1 0 9 .3 1 0 3 .9 1 0 5 .7 1 0 7 .1 1 0 9 .3 100.0 1 0 6 .3 1 0 7 .4 1 0 8 .8 1 0 9 .3 1 0 6 .7 1 0 7 .8 1 0 9 .1 1 0 9 .5 1 0 4 .2 1 0 5 .9 1 0 8 .2 5 .9 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o lla r w o r k e r s B lu e - c o lla r w o r k e r s .................................................................................................... ........................................................................................................ S e r v ic e w o r k e r s ................................................................................................................. 1 0 7 .2 1 0 9 .5 110.8 112.8 112.1 1 1 3 .5 1.2 1.2 1 1 3 .8 1 1 4 ,6 .7 1 1 4 .2 6 .5 6.1 6.2 W o r k e r s , b y in d u s t r y d iv is io n M a n u f a c t u r i n g ...................................................................................................................... N o n m a n u f a c t u r in g ............................................................................................................. S ta te and lo c a l g o v e rn m e n t w o r k e r s ................................................................... 1 1 0 .4 1 1 2 .5 110.8 112.6 1 1 3 .5 .9 1 1 4 .2 1 .4 1 1 4 .3 1 1 5 .1 1 1 6 .5 1 1 7 .1 .5 1 1 4 .9 1 1 5 .8 1 1 7 .0 1 1 7 .5 .4 1 0 8 .9 1 1 2 .7 1 1 3 .0 1 1 4 .9 1 1 5 .8 .8 1 0 9 .4 1 1 4 .9 5 .9 6.6 7 .1 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o lla r w o r k e r s B lu e - c o lla r w o r k e r s .................................................................................................... ......................................................................................................... W o r k e r s , b y in d u s t r y d iv is io n S e r v ic e s ................................................................................................................................... S c h o o l s .............................................................................................................................. E le m e n ta r y a n d s e c o n d a r y H o s p ita ls a n d o t h e r s e r v ic e s 3 P u b lic a d m in is t r a t io n 2 .......................................................................... .......................................................................... ................................................................................................ E x c l u d e s f a r m , h o u s e h o ld , a n d F e d e r a l w o r k e r s . 2 C o n s is ts o f le g is la t iv e , ju d ic ia l, a d m in is t r a t iv e , a n d r e g u la t o r y a c tiv it ie s . 116 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100.0 100.0 100.0 100.0 100.0 100.0 100.0 1 0 5 .8 1 0 7 .9 1 0 9 .0 1 1 5 .9 1 1 6 .8 1 1 7 .4 1 0 6 .0 1 0 7 .9 1 0 8 .9 1 0 9 .1 1 1 4 .8 1 1 5 .8 1 1 6 .6 1 1 6 .9 1 0 6 .3 1 0 8 .3 1 0 9 .3 1 0 9 .5 1 1 5 .6 1 1 6 .6 1 1 7 .2 1 1 7 .4 .5 .3 1 0 5 .0 1 0 7 .8 1 0 9 .5 1 1 0 .3 1 1 5 .3 1 1 6 .0 1 1 7 .5 1 1 8 .8 .2 1.1 1 0 4 .3 1 0 6 .0 1 0 8 .1 1 0 9 .1 1 1 2 .5 1 1 3 .6 1 1 6 .2 1 1 7 .0 .7 3 ln c lu d e s , f o r e x a m p le , li b r a r y , s o c ia l, a n d h e a lth s e r v ic e s . 7 .3 6 .3 7 .3 7 .1 7 .2 7 .7 7 .2 33. E m ploym ent C ost Index, w ages and salaries, by occupation and industry group [June 1981 = 100] P erc e n t c hange 1981 S e rie s C iv ilia n w o rk e rs 1 ................................................................................................................... 1982 1983 June Sept. D ec. M a rch June S ept. D ec. M a rch June 100.0 1 0 2 .5 1 0 4 .4 1 0 6 .3 1 0 7 .3 1 0 9 .7 1 1 0 .9 112.2 1 1 3 .4 100.0 100.0 100.0 102.6 1 0 4 .7 1 0 6 .7 1 0 7 .6 1 1 0 .4 1 1 1 .4 1 0 2 .4 1 0 4 .0 1 0 6 .5 1 0 6 .7 1 0 8 .6 1 0 2 .5 1 0 3 .6 1 0 6 .8 1 0 7 .9 110.1 1 0 9 .8 3 m onths 1 2 m onths ended ended Ju n e 1 9 8 3 1.1 5 .7 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s .............................................................................................................. B lu e - c o lla r w o r k e r s S e r v ic e w o r k e r s .............................................................................................................. ....................................................................................................................... 111.8 1 1 3 .0 1 1 4 .2 110.8 112.0 1 1 3 .2 1 1 3 .9 1.1 1.1 .6 6.1 5 .0 5 .6 W o r k e r s , b y in d u s t r y d iv is io n 102.1 1 0 4 .0 1 0 5 .9 1 0 7 .0 1 0 8 .8 1 0 2 .7 1 0 4 .5 1 0 6 .5 1 0 7 .5 110.1 1 0 4 .4 1 0 6 .6 1 0 8 .6 1 0 9 .5 1 1 3 .2 1 1 4 .4 1 0 3 .8 1 0 6 .5 1 0 7 .5 1 0 8 .4 1 1 1 .9 112.6 1 1 5 .8 ................................................................................................. 100.0 100.0 100.0 100.0 1 1 4 .6 P riv a te in d u s try w o r k e r s ............................................................................................... 100.0 102.0 1 0 3 .8 1 0 5 .9 1 0 7 .1 1 0 9 .0 1 1 0 .3 111.6 1 1 2 .9 M a n u fa c t u r in g ........................................................................................................................... N o n m a n u f a c t u r i n g ................................................................................................................... S e r v ic e s .................................................................................................................................... P u b lic a d m in is t r a t io n 2 1 0 9 .8 111.0 112.0 1 1 1 .3 1 1 2 .7 1 1 4 .0 .9 4 .7 1 1 6 .3 .4 6.0 6.2 1 1 5 .4 .7 6 .5 1.2 5 .4 1.2 1.0 1.8 6 .3 1.2 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s ..................................................................................................... P r o fe s s io n a l a n d t e c h n ic a l w o r k e r s .............................................................. M a n a g e r s a n d a d m in is t r a t o r s ........................................................................... S a l e s w o r k e r s ................................................................................................................... C le r ic a l w o r k e r s .............................................................................................................. B lu e - c o lla r w o r k e r s .......................................................................................................... C r a ft a n d k in d r e d w o r k e r s .................................................................................... O p e r a tiv e s , e x c e p t t r a n s p o r t ............................................................................... T r a n s p o r t e q u i p m e n t o p e r a tiv e s . ................................................................... N o n f a r m l a b o r e r s .......................................................................................................... S e r v ic e w o r k e r s ................................................................................................................... 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 101.8 1 0 3 .9 1 0 6 .2 1 0 3 .3 1 0 5 .5 1 0 8 .0 1 0 9 .4 102.8 111.8 1 1 2 .9 1 1 4 .8 1 0 5 .8 1 0 7 .2 1 0 8 .5 1 0 9 .3 112.0 101.6 9 8 .0 1 0 1 .9 102.2 1 0 7 .3 101.8 1 0 9 .4 110.6 1 0 4 .5 1 0 6 .2 1 0 2 .7 1 0 4 .2 1 0 7 .0 1 0 8 .3 1 1 0 .3 111.6 1 0 2 .3 1 0 3 .9 1 0 5 .4 1 0 6 .6 1 0 8 .5 1 0 9 .7 1 0 2 .9 102.1 101.0 1 0 1 .5 101.8 1 0 4 .3 1 0 6 .2 1 0 7 .6 1 0 9 .6 111.2 1 0 4 .1 1 0 5 .4 1 0 6 .6 1 0 8 .3 1 0 9 .3 1 0 2 .7 1 0 3 .2 1 0 4 .1 1 0 6 .0 1 0 6 .9 112.2 1 0 5 .7 1 1 3 .6 1 1 5 .9 1 1 4 .0 1 0 7 .1 1 1 3 .4 1 1 4 .6 1 1 0 .7 1 1 1 .9 112.2 110.0 1 0 8 .0 1 1 3 .4 111.1 1 1 0 .3 1 .3 1.1 1.1 1.1 1.0 2.1 5 .9 5 .9 5 .2 5 .8 5 .0 5 .4 4 .2 6.0 1 0 3 .3 1 0 4 .1 1 0 5 .1 1 0 6 .5 1 0 7 .8 1 0 9 .0 1 0 9 .8 .7 4 .5 1 0 2 .7 1 0 6 .7 1 0 7 .9 1 0 9 .3 1 1 1 .4 1 1 2 .9 1 1 3 .5 .5 5 .2 W o r k e r s , b y in d u s t r y d iv is io n S e r v i c e s ................................................................................................................................ 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 S ta te a nd lo c a l g o v e rn m e n t w o r k e r s ................................................................... 100.0 M a n u f a c t u r i n g ................................................................................................................... D u r a b l e s ................................................................................................................................ N o n d u r a b le s ................................................................................................................... N o n m a n u f a c t u r i n g .............................................................................................................. C o n s t r u c t io n ................................................................................................................... T r a n s p o r t a tio n a n d p u b l ic u t i l i t i e s .................................................................. W h o le s a le a n d r e ta il t r a d e .................................................................................... W h o le s a le tr a d e ..................................................................................................... R e ta il t r a d e ................................................................................................................... F in a n c e , in s u r a n c e , a n d r e a l e s t a t e .............................................................. 102.1 102.1 102.0 102.0 1 0 3 .8 1 0 5 .9 1 0 7 .1 1 0 9 .1 1 1 0 .5 112.0 1 0 3 .0 1 0 4 .3 1 0 5 .9 1 0 7 .3 1 0 9 .1 1 0 9 .7 112.1 1 0 5 .7 1 0 6 .9 1 0 9 .5 111.1 1 1 0 .4 1 0 3 .6 1 1 2 .9 1 1 4 .7 102.0 1 0 1 .3 102.0 101.0 1 0 4 .5 1 0 6 .3 1 0 7 .4 1 0 9 .0 1 1 0 .3 111.0 111.1 112.0 111.8 1 0 3 .1 1 0 5 .3 1 0 6 .3 1 0 8 .5 1 0 9 .1 1 1 0 .9 1 1 2 .3 1 0 4 .0 1 0 5 .9 1 0 7 .0 1 0 8 .8 1 0 9 .8 1 0 2 .3 1 0 3 .9 1 0 5 .8 1 0 6 .5 1 0 7 .2 1 0 8 .5 1 0 3 .4 1 0 6 .3 1 0 8 .9 1 0 9 .0 1 0 9 .8 111.8 . 1 0 4 .5 1 1 3 .4 110.8 1 1 4 .1 1 0 1 .9 1 0 3 .0 1 0 7 .2 1 0 9 .4 9 8 .3 1 0 2 .3 1 0 3 .7 1 0 2 .4 1 0 6 .1 110.6 111.1 1 0 5 .8 1 0 8 .8 110.0 1 0 9 .0 1 0 3 .6 1 1 2 .5 1 1 4 .3 1 1 6 .0 1 1 6 .6 1 0 6 .5 1 0 6 .1 .9 .6 1 .3 4 .7 4 .1 5 .6 1 .3 5 .9 1 .5 4 .5 1.6 2.1 2.1 2.1 7 .3 4 .7 4 .8 4 .7 .5 8 .5 .5 6.0 1 0 5 .0 1 0 7 .0 1 0 8 .2 1 0 8 .7 1 1 3 .5 1 1 4 .0 1 1 5 .1 1 1 5 .7 .5 6 .4 1 0 5 .4 1 0 7 .5 1 0 8 .5 1 0 8 .9 1 1 4 .2 1 1 4 .6 1 1 5 .6 1 1 6 .1 .4 6.6 1 1 3 .3 1 1 4 .3 .9 5 .9 1 1 5 .5 1 1 5 .9 .3 6 .5 W o r k e r s , b y o c c u p a t io n a l g r o u p W h it e - c o l la r w o r k e r s ..................................................................................................... B lu e - c o lla r w o r k e r s .......................................................................................................... 100.0 100.0 1 0 3 .9 1 0 5 .5 1 0 7 .5 1 0 7 .9 1 1 1 .5 112.0 1 0 5 .5 1 0 7 .6 1 0 8 .4 1 0 8 .8 1 1 4 .2 1 1 4 .6 W o r k e r s , b y in d u s t r y d iv is io n S e r v i c e s ..................................................................................................................................... S c h o o l s ................................................................................................................................ E le m e n t a r y a n d s e c o n d a r y H o s p ita ls a n d o t h e r s e r v i c e s 3 P u b lic a d m in is t r a t io n 2 ........................................................................... ............................................................................... ................................................................................................. E x c l u d e s f a r m , h o u s e h o ld , a n d F e d e r a l w o r k e r s . 100.0 100.0 100.0 100.0 100.0 1 1 6 .5 1 1 7 .7 .2 .2 1.0 1 1 4 .6 1 1 5 .4 .7 1 0 5 .7 1 0 7 .7 1 0 8 .3 1 0 8 .5 1 1 4 .2 1 1 4 .5 1 1 5 .2 1 1 5 .4 1 0 6 .0 1 0 7 .9 1 0 8 .7 1 0 8 .8 1 1 4 .9 1 1 5 .1 1 1 5 .6 1 1 5 .8 1 0 4 .6 1 0 7 .3 1 0 8 .8 1 0 9 .5 1 1 4 .3 1 1 4 .9 1 0 3 .8 1 0 5 .5 1 0 7 .5 1 0 8 .4 1 1 1 .9 112.6 6 .4 6 .4 7 .5 6 .5 i n c l u d e s , f o r e x a m p le , li b r a r y , s o c ia l . ¡ a n d h e a lth s e r v ic e s . C o n s i s t s o f le g is la t iv e , ju d i c ia l , a d m in is t r a t iv e , a n d r e g u la t o r y a c tiv it ie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 117 MONTHLY LABOR REVIEW November 1983 • Current Labor Statistics: Wage and Compensation Data 34. Em ploym ent Cost Index, private industry w orkers, by bargaining status, region, and area size [June 1981 = 100] P ercen t change 1982 1981 S erie s M a rch June 1 983 S ep t. D ec. June Sept. Dec. 100.0 100.0 100.0 1 0 2 .5 1 0 4 .8 1 0 6 .5 1 0 8 .4 110.6 1 0 2 .3 1 0 4 .6 1 0 6 .3 1 0 8 .0 1 1 0 .3 1 0 2 .7 1 0 5 .0 1 0 6 .8 1 0 8 .7 111.0 111.8 112.8 1 0 1 ,7 1 0 3 .5 1 0 5 .3 1 0 6 .5 1 0 8 .5 1 0 9 .7 101.8 1 0 3 .5 1 0 5 .7 1 0 6 .6 1 0 6 .4 1 0 9 .2 1 0 1 .7 1 0 3 .5 1 0 6 .2 1 0 6 .4 1 0 8 .6 100.0 100.0 102.1 101.8 1 0 4 .1 1 0 5 .7 1 0 7 .2 1 0 3 .2 1 0 6 .2 1 0 7 .0 100.0 100.0 100.0 1 0 2 .7 1 0 5 .0 102.6 102.8 1 0 4 .7 1 0 5 .9 1 0 7 .3 1 0 5 .2 1 0 7 .0 1 0 8 .8 100.0 100.0 100.0 101.6 1 0 1 .7 101.6 1 0 3 .3 1 0 5 .9 1 0 6 .7 1 0 8 .2 1 0 9 .1 1 0 3 .2 1 0 5 .5 1 0 6 .4 1 0 8 .3 1 0 9 .6 M a rch 3 m onths 1 2 m onths ended ended June June 1 9 8 3 CO M PE N SA TIO N W o r k e r s , b y b a r g a in in g s t a t u s 1 U n io n .................................................................................................................................................... M a n u fa c t u r in g .......................................................................................................................... N o n m a n u f a c t u r i n g ................................................................................................................. N o n u n io n ........................................................................................................................................... M a n u fa c t u r in g ................................................................................................................. N o n m a n u f a c t u r i n g ................................................................................................................. W o r k e r s , b y a r e a s iz e 1 M e tr o p o lita n a r e a s O th e r a r e a s ...................................................................................................................... ....................................................................................................................................... 100.0 100.0 100.0 1 1 2 .3 1 1 4 .5 1 1 6 .0 1 .3 7 :0 1 1 4 .0 1 1 4 .8 .7 6 .3 1 1 4 .9 1 1 7 .1 1 .9 7 .7 1 1 1 .5 112.8 5 .3 1 1 2 .3 1 0 9 .9 111.2 111.6 1.2 1.0 1 1 3 .0 1 .3 1 0 9 .4 1 1 0 .9 1 1 2 .9 1 1 4 .2 6 .5 1 0 9 .1 110.8 1.2 1 0 8 .6 1 1 2 .3 1 .4 5 .0 5 .9 6.2 W AGES AN D SALARIES W o r k e r s , b y b a r g a in in g s t a t u s 1 U n io n ......................................................................................................................................................... M a n u fa c t u r n g ....................................................................................... .................................. N o n m a n u f a c t u r i n g ................................................................................................................. N o n u n io n ............................................................................................................................................ M a n u fa c t u r in g .......................................................................................................................... N o n m a n u f a c t u r i n g ................................................................................................................. W o r k e r s , b y r e g io n 1 N o r th e a s t S o u th ............................................................................................................................................ .................................................................................................................................................... N o r th C e n tr a l ................................................................................................................................... W e s t ........................................................................................................................................................ 100.0 100.0 100.0 100.0 100.0 100.0 102.1 101.8 1 0 3 .2 1 0 6 .5 1 0 5 .6 1 0 8 .1 1 0 6 .5 1 1 0 .3 1 0 9 .5 111.1 1 0 8 .3 111.8 110.8 1 1 1 .4 1 1 2 .3 1.2 .8 1 1 2 .7 1 1 4 .3 1 1 6 .0 1 .5 1 0 9 .5 1 1 2 .9 1 1 0 .9 1 1 0 .7 111.0 1 1 4 .2 5 .6 4 .7 6.6 112.2 111.8 1.2 1.0 4 .8 1 1 2 .4 1 .3 5 .6 5 .4 1 0 6 .1 1 0 6 .7 1 0 9 .7 1 1 1 .5 112.0 1 1 3 .6 1 .4 1 0 5 .7 1 0 7 .4 101.6 102.8 1 0 8 .8 1 0 9 .8 1 1 1 .4 1.0 1 0 3 .3 1 0 4 .7 1 0 6 .1 1 0 7 .6 110.1 1 1 2 .5 1 1 1 .5 1 .3 5 .1 1 0 3 .2 1 0 5 .1 1 0 7 .9 1 0 8 .6 1 1 0 .7 1 1 4 .1 1 1 4 .9 .7 5 .8 1 0 4 .0 1 0 5 .9 1 0 7 .1 1 0 9 .1 1 1 0 .5 1 1 1 .9 1 0 3 .1 1 0 6 .0 1 0 6 .8 1 0 8 .3 1 0 8 .8 110.1 1.2 1.2 4 .3 1 0 1 .7 1 0 1 .9 1 0 4 .4 1 0 8 .6 112.0 6 .5 4 .7 W o r k e r s b y a r e a s iz e 1 M e tr o p o lita n a r e a s O th e r a r e a s ...................................................................................................................... ....................................................................................................................................... 1 T h e in d e x e s a r e c a lc u la te d d iffe r e n t ly f r o m t h o s e f o r t h e o c c u p a t io n a n d in d u s t r y g r o u p s . F o r a d e ta ile d d e s c r ip tio n o f th e in d e x c a lc u la tio n , s e e B L S H a n d b o o k o l M e th o d s , B u lle t in 1 9 1 0 . I 118 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 1 3 .2 1 1 1 .4 5 .7 35. W age and com pensation change, m ajor collective bargaining settlem ents, 1978 to date [In percent] 36. Effective w age adjustm ents in collective bargaining units covering 1,000 w orkers or m ore, 1978 to date Y ear M e a s u re Y e a r and q u a rte r 1981 1978 1 979 198 0 1981 1982 1983P 1 982 III IV 1 II III IV 1 II A v e r a g e p e r c e n t a d ju s t m e n t ( in c lu d in g n o c h a n g e ) : M a n u f a c t u r i n g ...................................................................................................................... 8.2 8.6 N o n m a n u f a c t u r i n g ................................................................................... 7 .9 A ll I n d u s t r i e s ...................................................................... 9 .1 9 .6 8.8 10.2 9 .5 6.8 3 .3 1 .5 1.0 9 .4 5 .2 3 .1 1 .9 9 .7 9 .5 7 .9 3 .4 1.1 .9 9 .9 F r o m s e tt le m e n t s r e a c h e d in p e r i o d ......................................................... 2.0 3 .0 3 .6 2 .5 1 .7 .5 .4 D e f e r r e d f r o m s e tt le m e n t s re a c h e d In e a r lie r p e r i o d ............................... 3 .7 3 .0 3 .5 3 .6 1 .5 3 .1 3 .2 1 .4 1.2 .4 2 .4 2.8 3 .8 F r o m c o s t - o f - li v in g c la u s e s — — — 8 ,6 4 8 7 ,8 5 2 4 ,3 6 4 ' ....................................... .6 2.0 1.0 2 .4 1 .3 1 .7 1 .5 2 .9 1.2 .9 .6 -.2 1.1 2 .7 .2 .6 .4 .5 1 .4 1 .3 .3 2 .6 0 .4 - .4 .4 4 .3 .1 1 .3 1.0 1 .4 2 1.0 .1 T o ta l n u m b e r o f w o r k e r s r e c e iv in g w a g e c h a n g e ( in t h o u s a n d s ) 1 ................................................................................... 3 ,2 2 5 2 ,8 7 8 3 ,4 2 3 3 ,7 6 0 3 ,4 4 1 3 ,0 3 0 3 ,1 0 8 604 204 511 620 825 434 454 F r o m s e t t le m e n t s re a c h e d in p e r i o d ......................................................... — — — 2 ,2 7 0 1 ,9 0 7 540 .......................... — — — 6 ,2 6 7 4 ,8 4 6 3 ,0 2 3 882 1,001 1 ,5 9 4 2 ,4 0 0 860 840 1 ,4 4 6 ............................................ — — — 4 ,5 9 3 3 ,8 3 0 2 ,9 3 4 2 ,1 7 9 1 ,9 2 0 1 ,5 6 8 2 ,2 5 1 1 ,9 7 0 2 .0 7 5 1 ,3 9 5 — — — 145 483 4 ,4 2 8 5 ,5 6 8 5 ,4 5 7 4 ,9 1 2 4 ,5 7 5 4 ,8 9 5 5 ,0 8 5 5 ,0 0 7 D e f e r r e d f r o m s e tt le m e n t s r e a c h e d in e a r lie r p e r io d F r o m c o s t - o f - li v in g c la u s e s N u m b e r o f w o r k e r s r e c e iv in g n o a d ju s t m e n ts ( in t h o u s a n d s ) .................................................................. T h e t o ta l n u m b e r o f w o r k e r s w h o r e c e iv e d a d ju s t m e n ts d o e s n o t e q u a l th e s u m o f w o r k e r s t h a t r e c e iv e d p = p r e lim in a r y , e a c h t y p e o f a d ju s t m e n t, b e c a u s e s o m e w o r k e r s r e c e iv e d m o r e t h a n o n e t y p e o f a d ju s t m e n t d u r in g t h e p e r io d . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 119 WORK STOPPAGE DATA Estimates of days idle as a percent of estimated working time measures only the impact of larger strikes (1,000 workers or more). Formerly, these estimates measured the impact of strikes involving 6 workers or more; that is, the impact of virtually a l l strikes. Due to budget stringencies, collection of data on strikes involving fewer than 1,000 workers was discontinued with the December 1981 data. include all known strikes or lockouts involving 1,000 workers or more and lasting a full shift or longer. Data are based largely on newspaper accounts and cover all workers idle one shift or more in establishments directly involved in a stoppage. They do not measure the indirect or secondary effect on other establishments whose employees are idle owing to material or W o r k s t o p p a g e s service shortages. 37. W ork stoppages involving 1,000 w orkers or m ore, 1947 to date M o nth and y ear B eginning in m onth or y ear Days die W o rk e rs in vo lved N u m b er ot stoppages In effect during m onth B eginning in In effect m onth or y ear d u ring m onth (in th ousands) (in th ousands) 2 6 ,1 2 7 1 ,4 3 5 245 1 9 4 9 ................................................................................................................................................ 424 (in th o u san d s) 2 5 ,7 2 0 1 ,6 2 9 1 9 4 7 ................................................................................................................................................ N u m b er P erc e n t of e s tim a te d w o rkin g tim e .22 2 ,5 3 7 4 3 ,4 2 0 38 1 ,6 9 8 3 0 ,3 9 0 .2 6 .12 415 1 ,4 6 2 1 5 ,0 7 0 ............................................................................................................................................ 470 2 ,7 4 6 4 8 ,8 2 0 .3 8 1 9 5 3 ................................................................................................................................................ 437 1 ,6 2 3 1 8 ,1 3 0 .1 4 .1 3 1952 1 9 5 4 ................................................................................................................................................ 1 9 5 6 ................................................................................................................................................ 265 1 ,0 7 5 1 6 ,6 3 0 363 2 ,0 5 5 2 1 ,1 8 0 .1 6 287 1 ,3 7 0 2 6 .8 4 0 .20 .0 7 1 9 5 7 ................................................................................................................................................. 279 887 1 0 ,3 4 0 1 9 5 8 ................................................................................................................................................ 332 1 ,5 8 7 1 7 ,9 0 0 .1 3 1959 245 1 ,3 8 1 6 0 ,8 5 0 .4 3 896 1 3 ,2 6 0 .0 9 1 0 ,1 4 0 .0 7 ............................................................................................................................................ 1 9 6 1 ................................................................................................................................................ 1 9 6 2 ................................................................................................................................................. 1 9 6 4 ................................................................................................................................................ 1 9 6 6 ................................................................................................................................................. 1 9 7 1 ................................................................................................................................................ 222 195 1 ,0 3 1 211 793 1 81 512 246 1 ,1 8 3 1 6 ,2 2 0 999 1 5 ,1 4 0 .11 .10 .10 1 ,3 0 0 1 6 ,0 0 0 381 2 ,1 9 2 3 1 ,3 2 0 J a n u a ry F e b ru a ry M a rc h 20 1 ,8 5 5 3 5 ,5 6 7 412 1 .5 7 6 2 9 ,3 9 7 .1 6 381 2 ,4 6 8 5 2 ,7 6 1 .2 9 298 2 ,5 1 6 3 5 ,5 3 8 .1 9 250 975 1 6 ,7 6 4 .0 9 317 1 ,4 0 0 1 6 ,2 6 0 .0 8 424 1 ,7 9 6 3 1 ,8 0 9 .1 6 965 1 7 ,5 6 3 .0 9 1 ,5 1 9 2 3 .9 6 2 298 1,212 2 1 ,2 5 8 219 1 ,0 0 6 2 3 ,7 7 4 235 1,021 .12 .10 .11 2 0 ,4 0 9 .0 9 187 795 2 0 ,8 4 4 .0 9 145 729 1 6 ,9 0 8 .0 7 96 656 9 ,0 6 1 .0 4 202.8 .01 .01 .02 6.1 ..................................................................................................... 2 ..................................................................................................... 3 7 3 .9 1 5 .3 2 4 1 .1 ......................................................................................................... 4 9 1 3 .3 2 6 .1 3 5 7 .0 14 21 5 9 .5 15 23 4 2 .7 66.1 6 5 7 .6 .0 4 27 4 2 .8 6 6 .9 9 0 7 .2 .0 5 A p r il ............................................................................................................. May ............................................................................................................. 4 1 1 ,4 7 9 .1 5 3 3 .1 .0 3 ............................................................................................................. 18 J u l y .................................................................................................................. 13 25 3 8 .4 6 5 .9 8 4 4 .7 .0 4 A u g u s t ......................................................................................................... 9 23 1 8 .8 5 8 .0 7 5 4 .3 .0 4 S e p t e m b e r ................................................................................................ 14 27 3 9 0 .0 4 2 7 .0 2 ,0 8 8 .8 June 1983P .1 8 392 231 1982 .0 8 .0 7 321 235 1982 1 1 ,7 6 0 10,020 1.6 J a n u a ry ..................................................................................................... 1 3 F e b ru a ry .................................................................................................... 5 7 1 4 .0 10 1 0 .5 M a rc h ......................................................................................................... A p r il ............................................................................................................. M ay ............................................................................................................. June . . ..................................................................................................... 5 2 11 2.8 9 2 3 .6 16 .11 .0 4 3 8 .0 7 9 4 .8 5 0 .4 8 4 4 .4 .0 5 .0 5 5 4 .9 1 ,1 3 1 .5 5 2 .4 7 8 9 .5 .0 4 3 2 .9 4 9 3 .9 .0 3 15 24 6 8 9 .0 .0 3 J u l y .................................................................................................................. r10 r23 r4 9 .9 r 8 5 .1 M , 1 9 8 .1 r .0 7 A u g u s t ......................................................................................................... 7 r 19 r6 7 5 .8 7 3 0 .4 r 1 0 ,6 5 5 .7 r .5 1 16 1 8 .2 4 7 .3 1 0 ,6 5 5 .7 .0 3 S e p t e m b e r ................................................................................................ p = p r e lim in a r y . 120 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 5 9 .8 f = r e v is e d . 7 9 .7 BLS Handbook of Methods 1982 Edition, Volume I* • L a b o r fo rc e , e m p lo y m e n t, and u n e m p lo y m e n t • N e g o tia te d w a g e a n d b e n e fit changes B L S s ta tis tic s a re u s e d fo r m a n y p u rp o s e s , a n d s o m e tim e s d a ta w e ll s u ite d to o n e p u rp o s e m a y h a ve lim ita tio n s fo r a n o th e r. 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