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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U.S. DEPARTMENT OF LABOR Raymond J. Donovan, Secretary BU R EAU O F LABO R S TA TISTIC S Janet L. N orw ood, C om m issioner 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 on e d ito ria l m a tte rs s h o u ld be 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 4 d o m e s tic ; $ 3 0 fo re ig n . S in g le c o p y $ 4 , d o m e s tic ; $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 , an 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 the 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 by 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 at a d d itio n a l m a ilin g a d d re s s e s . Regional C om m issioners for Bureau of Labor S tatistics R e g io n I— B o s to n : A n th o n y J. F e rra ra 1 603 J o h n F. K e n n e d y F e d e ra l B u ild in g , G o v e rn m e n t C e n te r B o s to n , M a ss . 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 Isla n d V e rm o n t R e g io n II— N e w Y o rk : S a m u e l M . E h re n h a lt 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 : A lv in I. M a rg u lis 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 ta : D o n a ld M . C ru s e 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 : W illia m E. R ic e 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 : B ry a n R ic h e y 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 A rk a n s a 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 : E llio tt A. B ro w a r 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 VII 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 tah W y o m in g O c to b e r cover: Detail from “ People in the Sun," an oil painting by Edward Hopper, photograph courtesy National Museum of American 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 : S a m M . H ira b a y a s h l 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 TH LY LABO R REVIEW O C TO B ER 1984 VO LUM E 107, NUM BER 10 Henry Low enstern, Editor-in-C hief R obert W. Fisher, Executive Editor M ark Johnson, Patricia Szarek https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 First-half im port and export prices reflect strong dollar, recovery Sm all p rice rises fo r im ports co n tin u e d to help curb d o m e stic inflation, but exporters enco u nte re d som e d iffic u ltie s as the p o w erful d o lla r d rove up p rice s fo r th e ir goods Ellen Sehgal 18 O ccupational m obility and job tenure in 1983 In 1983, m ore than 1 w orker in 3 a ged 35 to 44 had been with the sam e em ployer 10 years or longer; alm ost the sam e ratio 45 and o lder had 20 years' tenure or more Robert Evans, Jr. 24 Pay differentials: the case of Japan In Japan, as in the United States, em ployees' investm ent in hum an capital cannot fully explain the te n d e n cy of larger co m p a n ie s to pay hig h e r w ages Allan Borow ski 30 A com parison of youth unem p loym ent in A ustralia and the U.S. O nce rem arkably low, youth joblessness has risen steadily with recession and the end of postw ar labor scarcity; recent jobless rates rival the high rates of U.S, youth Brian Friedm an 37 Apparel stores display above-average productivity Between 1967 and 1983, the retail apparel store industry registered an annual increase of 2.9 percent in the o utput per hour of all persons REPO RTS Carl Prieser 43 O ccupational salary levels of w h ite-collar w orkers, 1984 D E PAR TM EN TS 2 43 46 47 50 53 Labor m onth in review Research sum m aries M ajor agreem ents expiring next m onth D evelopm ents in industrial relations Book reviews Current labor statistics Labor M onth In Review TECHNOLOGICAL CHANGE. What effect does changing technology have on employment? At an August 21 seminar in Ixtapan de la Sal, Mexico, Associate Commissioner Jerome A. Mark of the Bureau of Labor Statistics offered some observations on this and related ques tions , based on BLS research. Excerpts: Pace quickens. The pace of introduction of new technology appears to be increas ing as U.S. industries modernize to reduce costs to compete more effectively in domestic and overseas markets. Ad vanced electronic computers, robots, flexible m anufacturing systems, computer-aided design and computerassisted manufacturing ( c a d / c a m ) , and technologies to increase productivity in office tasks are being introduced exten sively in such industries as steel, print ing, motor vehicle manufacturing, metalworking, and banking. However, the pace of change varies by industry and by firm within an in dustry—not all of which have the funds nor the volume of business that support adoption of the latest, advanced technologies. Although robots, com puters, and other technologies receive the most media coverage, conventional changes such as materials handling mechanization, larger capacity equip ment, and machines with faster speeds often are major developments with im plications for productivity, employ ment, and job skills. Displacement. Following technological changes, dislocation takes place more frequently than displacement. The in troduction of new technology can be consistent with higher levels of employ ment and minimal displacement when the economy is strong. In addition, in vestment in new technology generally takes place during periods of economic expansion, when there is also growth in employment. To minimize adverse ef fects on workers, firms report using ad https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis vance notice, retraining, and reassigning displaced employees to other jobs. Productivity increases. Industries that lead in the adoption of new technology generally have above-average rates of productivity growth. Although the specific contribution of an innovation to productivity growth cannot be isolated from other factors and measured precisely, technology is widely regarded as a major source of productivity gains, with a reduction in unit labor re quirements frequently associated with the introduction of robots, c a d / c a m , and other technological advances. Occupations affected. The structure of occupations is undergoing change and the technologies being introduced in plants and offices are major factors in these shifts. Professional and technical workers, computer systems analysts, and programmers are examples of occupa tional groups growing in importance. In contrast, the growth rate in the number of operatives and laborers is slowing, as advanced machine tools, robots, com puter process control, and advanced materials handling systems increase out put per employee in key tasks. In of fices, new and improved technologies to process and transmit data also are slow ing the growth rate in the number of clerical workers—a group comprising about 19 million workers. Moreover, the content of jobs is being modified by technological change. Although job titles frequently remain the same as innovation occurs, there is a general trend towards less demand for manual dexterity, physical strength for materials handling, and traditional craftsmanship. In the printing industry, for example, electronic composition methods have replaced longstanding craft skills, and the employment of com positors and typesetters has declined sharply. On the factory floor, manual tasks are being eliminated by computer process control, advanced materials handling equipment, and other innovations, with workers increasingly becoming monitors of highly mechanized production lines. The reduction in menial, repetitive tasks is welcomed, but the isolation and con stant monitoring associated with ad vanced technology in some instances can create new stresses. Easing transition. Measures can be undertaken to facilitate the orderly in troduction of new technology. Advance notice to affected employees and train ing programs to provide employees with the skills required for new and modified jobs have cushioned the impact of change. The extent to which these measures are successful varies, of course, and depends upon the nature and extent of change, the industry in volved, and the climate of labormanagement relations. Three measures emerge as important: • Provide advance notice to workers affected by new technology. Advance notice is essential to assist orderly changeover to new methods. It provides time for individuals and unions, if the facility is organized, to formulate plans and to weigh carefully alternative jobs or layoff arrangements. • Coordinate labor adjustment with technical planning. This technique in creases the likelihood that attrition can be used to reduce the labor force, thereby avoiding the hardship of sudden layoffs and the loss of skilled and pro ductive employees. • Undertake training to provide employees with new skills associated with modern technology and retrain those displaced for other work. With the computer and similar complex equip ment, training is becoming more formal, continuous, and costly but is essential to keep the work force up-to-date and flex ible. □ Effects of strong dollar, economic recovery apparent in first-half import and export prices Small price rises fo r imports continued to help dampen domestic inflation during the first half but exporters encountered some difficulties as the powerful dollar drove up the prices of their goods in world markets and other nations failed to keep pace with the U.S. recovery Mark Johnson and Patricia Szarek U.S. import prices rose 1.0 percent in the first half of 1984, after falling 2.5 percent during all of 1983. (See table 1.) The increase in import prices was led by prices for food and miscellaneous manufactures, which were partially offset by stable crude oil prices. The vigorous U.S. economic recovery boosted demand for imported products— the Na tion imported a record $160.2 billion of merchandise during the first half1— while the strong dollar served to moderate price increases. The small rise in import prices was an important factor in the continued slowdown of domestic inflation as measured by the Consumer Price Index and the Producer Price Index. U.S. export prices rose 2.0 percent in the firs-t half. (See table 2.) This price index was published for the first time with the release of fourth-quarter 1983 data, and has risen 1.5 percent since that period. Higher prices for crude ma terials and fats and oils led the first-half increase in export prices. For raw materials, price increases were generally larger in the second quarter than in the first, reflecting rising prices for soybeans and fats and oils. Price increases for manufactured articles were smaller in the second quarter than in the first and rose only slightly during the entire first Mark Johnson is an economist formerly with the Division of International Prices, Bureau o f Labor Statistics. Patricia Szarek is an economist in the same division. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis half, a development that dampened the upward movement in U.S. export prices. The strong dollar and reduced demand for U.S. products by developing nations with heavy inter national debt loads placed downward pressure on export prices for these articles, which include machinery and trans port equipment, chemicals, intermediate manufactures, and miscellaneous manufactures. The price indexes discussed in this article are not sea sonally adjusted and are based on transaction price infor mation provided by a sample of U.S. importers and exporters. They represent 100 percent of the value of all imported and exported products. Indexes are published for detailed and aggregate categories of imports and exports.2 General trends in trade Because energy prices account for approximately onethird of the weight of the all-import price index, their 0.5percent rise during the first half was a major factor mod erating increases in import prices. When energy products are excluded, U.S. import prices rose 1.3 percent in the first half. (See table 1.) In all of 1983, U.S. import prices excluding energy rose 2.1 percent. The dollar’s appreciation against the currencies of our major trading partners in recent years has had a major impact on U.S. export and import prices. From its low in July 1980 3 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices to June 1984, the dollar’s trade-weighted exchange rate rose 36.0 percent.3 (See chart 1.) Over the same 4-year period the dollar rose 748.3 percent against the Mexican peso, 107.5 percent against the French franc, 56.8 percent against the Deutschemark, and 13.1 percent against the Canadian dollar.4 Also by mid-1984, the dollar stood at record highs against the British pound. This appreciation made imports less expensive while driving up the price of U.S. exports in foreign markets. Furthermore, the strong U.S. economic expansion of 1983 broadened and continued in 1984, boosting demand for im ports. The recovery, fueled in 1983 by consumer spending, spread to the capital goods markets in 1984, while consumer spending continued to grow. Concurrently, capacity utili zation in the Nation’s mines, factories, and utilities rose to 82.0 percent in June from 74.9 percent a year earlier.5 U.S. auto production also continued to recover from depressed 1982 levels; during the first half of 1984, domestic manu facturers produced 29 percent more autos than in the first half of 1983, and 60 percent more than in the first half of 1982. Moreover, first-half housing starts were up 14 percent from the same period in 1983 and 102 percent from the first half of 1982.6 This increased economic activity sharply stimulated de mand for a host of related consumer and capital goods, many of them imports. (See chart 2.) For example, expanding auto production spurred demand for such imported items as steel, aluminum, rubber, and engines, while the increase in business investment boosted sales for foreign suppliers of machine tools, building materials, and electrical equipment. In contrast, activity in many major U.S. export markets Tab le 1. remained at reduced levels in the first half, and merchandise exports totaled only $108.3 billion.7 (Although this repre sents a 10.5-percent increase over the first half of 1983, it was less than the $112 billion exported in first-half 1982 and was substantially below the $122 billion exported in first-half 1981.) Economic growth in Western Europe was much slower than in the United States: Industrial production growth for o e c d Europe was less than 4 percent between first-quarter 1983 and first-quarter 1984, compared with in creases for North America (Canada and the United States) and Japan of 15 and 11 percent, respectively. (See table 3.) Many developing nations, including several in Latin America, experienced debt problems that forced them to cut back on imports. (See chart 3.) For example, Mexico, our third largest trading partner, purchased only $5.7 billion of U.S. goods in the first half. Although this was up from the $4.4 billion exported in the first half of 1983, it was still well below the $7.2 billion recorded for the same period in 1982.8 Other important U.S. trading partners with debt prob lems are Argentina, Brazil, and Chile. Several o p e c nations, in particular Nigeria, also curbed imports, as oil revenues fell. The low level of U.S. merchandise exports was a key factor in the record $51.9 billion merchandise trade deficit for the first half of this year.9 Along with the strong dollar, the growth in U.S. demand for imports widened the merchandise trade gap as the Nation led the recovery from the worldwide economic slump of 1980-83. First-half merchandise imports were $160.2 bil lion, 31 percent more than in the first 6 months of 1983. Petroleum imports rose to $28.7 billion from $23.6 billion in first-half 1983, and nonoil imports rose sharply, by 33.4 C hange in selected im port price indexes in the first half o f 1984, and share o f total 1980 trad e value Commodity All commodities1 Share of total 1980 trade value Percent change in— First half First Second quarter quarter 100.000 1.0 0.7 0.3 67.223 1.3 0.8 0.5 32.776 25.799 0.5 0.0 0.8 -0 .4 -0 .3 0.4 Food........................................................ Fruits and vegetables......................... Vegetables, fresh chilled or frozen. Fruits and nuts, fresh or dried . . . Coffee, tea, and cocoa....................... Coffee.............................................. Tea................................................... Fish..................................................... Fresh fish......................................... S hellfish................................. 6.554 0.838 0.183 0.347 2.241 1.644 0.054 1.088 0.477 0.459 3.1 8.6 18.4 -0 .8 4.7 3.9 9.2 -1 .3 -0 .9 -2 .1 2.1 8.9 20.0 2.2 3.0 2.9 9.1 -2 .4 0.0 -4 .8 1.0 -0 .2 -1 .3 -2 .9 1.6 1.0 0.1 1.1 -0 .9 2.8 Crude materials............. Pulp and waste paper Sulphate wood pulp Crude natural rubber . W ood......................... Crude minerals.......... 4.275 4.1 0.708 18.8 0.563 19.9 0.344 -5 .0 0.865 -3 .7 0.303 -3 .8 4.7 8.3 9.0 3.1 7.1 -0 .6 9.7 10.0 -7 .9 -10.1 -3 .8 All commodities, except fuels and related products1 .............................................. Fuels and related products, Crude petroleum............. 0.0 —wucyuiy muuues inucABb in duuiuun to inose snown nere. t-or an ot the indexes available in each category, see U.S. Import and Export Price Indexes, usdl- 84-336 (Bureau 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Commodity Share of total 1980 trade value Percent change in— First half Intermediate manufactured products..................... Iron and steel...................................................... Nonferrous metals.............................................. Silver and metals of the platinum group . . . Copper ........................................................... Z in c ................................................................ Cork and wood manufactures.......................... Plywood and veneers.................................... Wood manufactures, not elsewhere specified Paper and paper products................................. 13.520 3.127 3.123 1.037 0.581 0.135 0.486 0.267 0.207 1.475 1.7 3.6 1.6 -1 .2 -0 .1 14.6 -2 .7 -1 .9 -3 .7 2.3 Machinery and transport equipment..................... Road vehicles and parts.................................... Passenger automobiles................................. Metalworking machinery.................................... Machine tools................................................. Electric machinery and equipm ent.................. 25.442 10.887 7.201 0.755 0.540 3.396 Miscellaneous manufactured g o o ds..................... Clothing .............................................................. Footwear.............................................................. Photographic apparatus and supplies, optical goods, watches, and clocks..................... Photographic apparatus and equipment . . . Optical elements, lenses, prisms.................. Watches, watch movements, and cases. . . of Labor Statistics), Aug. 2, 1984. First Second quarter quarter 0.2 -0 .8 0.2 1.4 -3 .1 6.5 -3 .4 -1 .1 -6 .0 0.7 1.5 4.4 1.4 -2 .6 3.1 7.6 0.7 -0 .8 2.4 1.6 0.0 0.0 0.8 1.1 -1 .9 -1 .8 -4 .9 -0 .5 -0 .9 -1 .5 -1 .1 -1 .8 0.1 1.3 2.0 -0 .4 -0 .7 -3 .2 9.794 2.660 1.232 1.5 3.1 3.5 0.6 1.3 0.6 0.9 1.8 2.9 1.162 0.258 0.125 0.310 2.4 3.4 6.4 10.3 -1 .1 0.3 -1 .5 0.8 3.6 3.1 8.1 9.4 T ab le 2. C hange in selected export price indexes in the first half of 1984, and share of total 1980 trad e valu e Commodity Share of total 1980 trade value Percent change in— First half First Second quarter quarter All commodities1 .............................................. 100.000 2.0 0.6 1.4 8.341 2.943 3.956 0.094 0.522 0.498 1.7 2.6 1.9 2.8 (2) 1.0 -2 .7 -2 .1 -3 .3 -5 .9 (2) -4 .8 4.6 4.8 5.4 9.2 (2) 6.0 Grain and grain preparations......................................... Wheat........................................................................... Yellow c o rn ................................................................ Barley........................................................................... Grain, other................................................................ Yellow so rg h u m ................................................... 1.332 -1 5 .8 -8 .9 -7 .6 Crude materials.............................................................. Raw hides and sk in s................................................. Hides ..................................................................... Furskins................................................................... Oilseeds...................................................................... Soybeans................................................................ Pulp and waste p a p e r.............................................. Sulphate wood p u lp .............................................. Textile fib e rs .............................................................. Cotton..................................................................... 10.948 0.482 0.320 0.162 3.024 2.716 0.954 0.497 1.813 1.341 5.4 14.4 15.0 11.7 7.7 5.6 15.2 25.1 2.0 4.9 0.3 7.7 7.8 7.3 -3 .0 -3 .8 6.1 7.9 -2 .1 -0 .3 5.2 6.3 6.7 4.1 11.1 9.8 8.5 15.9 4.2 5.2 Fats and o ils ................................................................... Animal fats and oils................................................... Vegetable oils.............................................................. Soybean o i l ........................................................... 0.911 0.356 0.506 0.307 34.8 35.0 36.4 32.3 6.4 12.3 3.0 4.4 26.7 20.2 32.4 26.7 Chemicals........................................................................ 9.578 1.1 2.8 -1 .7 Intermediate manufactured products............................ Paper and paperboard products............................... Printing and writing paper.................................... Kraft paper and paperboard................................. 10.544 1.300 0.122 0.442 1.3 6.3 5.6 15.6 1.0 3.2 1.9 7.6 0.3 3.0 3.6 7.4 Animal feeds, excluding unmilled cereals.................... 1This category includes indexes in addition to those shown here. For all of the indexes available in each category, seeU.S. Import and Export Price Indexes, usdl-84-336 (Bureau of Labor Statistics), Aug. 2, 1984. percent, to $131.5 billion.10 Moreover, the U.S. current account, which incorporates the balances on both merchan dise trade and services (including payments and receipts of interest and dividends on international investments) set a record deficit of $44.1 billion in the first half, compared with a deficit of $12.5 billion for the same period a year earlier.11 In recent years, the nations of the Far East have carried on an increasing volume of trade with the United States. Several of these nations, such as Japan, South Korea, and Taiwan, have posted high economic growth rates, in part attributable to the strength of U.S. demand for imports. In 1983, the nations of the Far East enjoyed greater combined gross trade (merchandise imports and exports in dollars) with the United States than did those of Western Europe.12 During that year, 28.5 percent of U.S. gross foreign trade was carried on with the nations of the Far East, compared with 20.8 percent in 1976.13 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 economy.14 Since 1970, this measure has in creased substantially from 15.9 percent to 28.1 percent by 1983.15 Import price developments Fuels and related products. Import prices for fuels and related products rose 0.5 percent in the first half, after falling 11.8 percent during 1983. The first-half price increase was the result of rising prices for petroleum products, unchanged https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Commodity Intermediate manufactured products— Continued: Nonferrous metals...................................................... Silver and platinum metals.................................... Copper ................................................................... Alum inum .............................................................. Share of total 1980 trade value Percent change in— First half First Second quarter quarter 2.280 0.772 0.204 0.919 -1 .0 3.7 2.3 -4 .4 0.4 1.6 0.2 0.0 -1 .4 2.1 2.1 -4 .4 Machinery and transport equipment............................ 35.261 Road vehicles and parts............................................ 6.726 Passenger automobiles......................................... 1.861 Parts for motor vehicles....................................... 3.499 Other transport equipment, excluding military and commercial aircraft.................................... 2.718 General aviation aircraft......................................... 0.479 Parts for aircraft and spacecraft.......................... 1.641 1.8 1.9 -0 .3 2.7 1.1 1.1 0.2 1.6 0.6 0.8 -0 .5 1.2 4.7 4.1 5.9 2.1 3.8 2.0 2.5 0.3 3.8 4.939 1.087 0.685 0.281 0.478 2.1 0.1 -0 .7 3.1 0.8 1.9 0.7 0.1 3.0 0.3 0.3 -0 .6 -0 .7 0.1 0.5 0.783 0.382 0.170 0.414 9.2 2.5 -0 .4 2.4 8.6 1.8 -0 .6 1.8 0.6 0.7 0.2 0.6 3.943 5.784 4.738 1.6 1.1 2.6 2.6 0.8 0.4 -0 .9 0.3 2.2 3.990 -1 .0 -1 .1 0.1 General industrial machinery, parts not elsewhere specified.............................................................. Heating and cooling equipment............................ Cooling equipment............................................ Heating equipment............................................ Pumps for liquids and parts................................. Pumps, compressors, blowers, centrifuges, filtering apparatus and parts............................ Taps, cocks, and valves....................................... Ball, roller, and needle roller bearings............... Packaging and weighing machinery and parts . . Power generating machinery and equipment.......... Machinery specialized for particular industries. . . . Electrical machinery and equipm ent....................... Office machines and automatic data processing equipment........................................................... 2Data are not available, crude oil prices, and a 2.0-percent decline in natural gas prices. The drop in petroleum prices in recent years reflects sluggish world economic growth, increased substitution of other forms of energy for crude oil, and stepped-up con servation in the major industrialized nations. During the first half, spot prices for many crudes were below the official o p e c prices, as several o p e c members attempted to maintain revenues by discounting prices and making sales in excess of their quotas. Contrary to expectations, the Iran-Iraq conflict seems to have helped depress world oil prices. It appears that attacks by those two nations on oil-bearing traffic in the Persian Gulf induced other o p e c members to boost their output, which more than compensated for the curtailments in ship ments resulting from the attacks.16 In addition, plentiful oil stockpiles in the United States, Japan, and Western Europe acted as insurance against disruption of supplies and helped to ease speculation. Even so, the U.S. economic recovery stimulated demand for petroleum products, reversing a 5-year decline. The Nation’s consumption of oil products was up about 7 percent from the first half of 1983, while domestic production, spurred by decontrol, had risen 0.4 percent. The resulting shortfall in oil supplies was met by imports, which were up 21 percent over first-half 1983 levels.17 Early in 1984, heating oil demand and prices rose sharply as a result of the unusually cold weather in the northeastern United States. By June 1984, the U.S. average price for 5 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices heating oil was $1.13 per gallon, compared with $1.06 in June 1983.18 Imports of heating oil surged to meet the in creased demand, and domestic refiners increased production of distillate fuel. As a result of the latter development, gasoline supplies expanded sharply, because refineries pro duce gasoline and heating oil simultaneously, regardless of the season. U.S. consumers reaped a windfall from the unexpected increase in gasoline supplies; in June 1984, the average U.S. gasoline price (all types) was $1.21 per gallon, down slightly from $1.26 per gallon in June 1983.19 When the improved fuel efficiency of the Nation’s auto fleet is taken into account, gasoline costs per mile driven for U.S. consumers have declined substantially since 1980. The strong dollar also had a major effect on world crude oil prices in the first half. Specifically, the dollar’s appre ciation against the currencies of our major trading partners meant that those nations did not reap the full benefit of the cuts in posted dollar prices for oil. In fact, buyers in several nations found that oil prices in their own currencies actually rose in the first half, because of the depreciation of those currencies against the dollar. This phenomenon further de pressed world oil demand. U.S. oil imports continued to be predominately from nono p e c sources, as more oil was imported from sources in the 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Americas, such as Mexico and Canada, and from other nonsuppliers— primarily the United Kingdom, Norway, and Egypt— which have brought increasingly large amounts of crude to world markets in recent years. During the first half, the United States purchased 38 percent of its imported crude oil and petroleum products from o p e c sources, com pared with 37 percent in 1983, 42 percent in 1982, and 70 percent in 1977— the year of the greatest volume of oil imports.20 Leading suppliers in first-half 1984 were Mexico, at 730 thousand barrels per day (bpd), Canada (647 thousand bpd), Venezuela (526 thousand bpd), Saudi Arabia (359 thousand bpd), and the United Kingdom (357 thousand bpd).21 The decrease in natural gas prices reflects lower prices for imports from Canada, which supplies approximately 90 percent of total U.S. imports of natural gas. Prices for Mex ican pipeline gas and liquified natural gas shipments from Algeria were unchanged during the first half. opec Food. The food index represents 6.6 percent of the all import price index. Imported food prices increased 3.1 per cent in the first half, with almost 70 percent of the gain occurring in the first quarter. The food index is one of the most volatile components of the all-import price index be cause of uncertainties in production and climatic conditions, and difficulties involved in shipping perishable products. However, the first half of 1984 saw a continuation of an upward trend which began in mid-1982; the food index climbed 13.1 percent from June 1982 through June 1984, with a rise of 1.24 percent during the first 6 months of 1983. An important factor in the strong gain in first-half 1984 was the harshness of the past winter, which reduced domestic supplies and greatly stimulated import demand. Import prices for the fruits and vegetables food group jumped 8.6 percent during the first 6 months of 1984. Rises in import prices for coffee, tea, and cocoa also contributed to the upward movement in the food index, which was only partially damp ened by lower prices for fish. The 8.6-percent increase in prices of fruits and vegetables contributed significantly to the food index’s upward move ment in the first 6 months of 1984. This jump resulted from a 20-percent rise in fresh vegetable prices in the first quarter, partially attributable to low U.S. supplies during the winter months. Moreover, killing frosts in Florida and Texas in December 1983 and continued cold weather in early 1984 damaged U.S. crops, especially citrus fruits, and resulted in extremely strong import demand. Tight supplies and growing world demand for citrus fruits and juices continued throughout the first half of 1984, while U.S. supplies of tomatoes and green vegetables made a relatively quick come back from winter damage. Although the vegetable group’s price index increased 20 percent in the first quarter, it showed a 1.3-percent decrease in the second quarter. Price declines are typical during the spring months, during which domestic supplies are abundant. World vegetable production was also up in the second quarter. Lime prices fell this spring as normal Mexican export flow resumed, following the lifting of a February 1984 temporary ban by the United States on imports of Veracrus citrus because of citrus canker.22 Prices for coffee, tea, and cocoa rose 4.7 percent during the first half. Imported coffee prices increased 3.9 percent in the first 6 months of 1984, following a 7.9-percent gain in all of 1983. World coffee prices in the first half of 1984 moved above the established range preferred by members of the International Coffee Organization (ico). (The ico is an organization of 73 coffee producing and consuming na T ab le 3. Q uarterly indexes of industrial production for selected group s of oecd m em ber nations, 1983 and 1984 Area Percent of 1980 total 1984 1983 1 II III IV I II Percent change, 11983 to 1 1984 total . . 100.0 96.3 98.0 100.6 102.7 105.0 (1) 9.0 North America2 . . oecd Europe . . Japan ............. 36.0 47.0 15.4 93.9 96.6 101.4 97.8 96.8 102.9 102.7 97.4 106.1 105.3 98.3 109.0 108.0 100.4 112.6 110.1 (1) (1) 15.0 3.9 11.0 oecd 1Data not available. 2The United States and Canada. S ource : Main Economic Indicators (Organization for Economic Cooperation and De velopment, Department of Economics and Statistics), February, June, and August 1984, p. 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tions which uses export quotas to stabilize global prices.) World coffee demand was strong in the first 6 months of the year, with the result that imports were about 38.4 million bags for the period from October 1983 through May 1984, compared with 36.5 million bags for the same period in the previous year.23 Quota increases by the ico during the first half failed to dampen the price climb until a price peak was reached on June 1, 1984. Conditions that spurred prices despite the larger export quotas included: a fear of frost in Brazil; a West African crop that was less than anticipated; reductions in export shipments from Brazil and Columbia early in the half; and the poor quality of last year’s Brazilian and West African crops.24 Additionally, a U.S. crackdown on coffee smugglers which began in 1983 continued into the new year, further shifting demand to legal sources.25 Reduced production and increased speculation continued to boost cocoa prices in 1984. Production of cocoa in West African countries was down substantially during the first half because of a severe, prolonged drought in the first quarter. The size of Brazil’s crop was also reduced by dry weather. A new international cocoa agreement aimed at stabilizing prices was discussed by the International Cocoa Council but not concluded during the first half of the year. The continued upsurge in tea prices was due in large part to tight supplies of raw teas. Prices of tea imported by the United States jumped 9.2 percent in the first 6 months of 1984, for a gain since June 1982 of 63 percent. Shortages of raw tea reflect stagnant production over the last 5 years, even while tea consumption rose steadily, particularly in India, the Soviet Union, and West Asia.26 Another supplylimiting factor during the first half of 1984 was the Indian Government’s December 1983 ban on exports of certain types of teas to ensure adequate domestic supplies. In Sri Lanka, favorable weather conditions tempered the effects of a strike by plantation workers and tea output was not affected to any substantial degree.27 Fish prices declined by 1.3 percent, moderating the up ward movement of the food index during the first half. A 2.4-percent price decrease occurred in the first quarter, al though the index subsequently moved up by 1.1 percent in the second quarter. Abundant supplies of fresh fish resulted in a 0.9-percent decrease in price for that commodity in the second quarter. The 4.8-percent first-quarter drop in shell fish prices reflected increased shrimp supplies from Equador and Panama. Rock lobster tails also fell in price early in 1984. Crude materials. The crude materials index comprises product groups such as wood, crude rubber, and metal scrap that are used extensively as raw materials in manufacturing or construction. The product principally responsible for the 4.1-percent increase in crude materials import prices for the first half of 1984 was sulphate wood pulp, the most com monly used pulp in the world market, for which import prices rose 20 percent in the first 6 months of the year. Sulphate wood pulp is primarily used to produce packaging 7 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices materials, which are in great demand as the result of robust growth in the U.S. manufacturing sector. Imports were im portant in meeting the surging demand for sulphate wood pulp, as U.S. pulp and paper industries approached full capacity utilization toward the end of the first half. Some shortages occurred as sulphate pulp supplies from Canada were reduced because of labor disputes. Furthermore, U.S. supplies were disrupted during the first quarter when severe weather conditions hampered production and transportation. Declining prices for other product groups, including crude rubber, wood, and crude minerals, partially offset the price gain for sulphate wood pulp in the crude materials index. Intermediate manufactures. Prices for intermediate man ufactures rose 1.7 percent in the first half, after rising 3.7 percent during all of 1983. These products include nonferrous metals, wood and cork manufactures, textiles, iron and steel, glassware, paperboard, and many other basic inputs to manufacturing processes. The United States imported $22.3 billion of these products in the first half, up from $16.2 billion in first-half 1983, as the U.S. economic re covery spurred demand.28 Rising prices for iron and steel, nonferrous metals, and paper and paperboard were major contributors to the increase in import prices for intermediate manufactures. The 3.6-percent hike in imported iron and steel prices led the rise in the intermediate manufactures index. Although the major U.S. integrated steel firms began to recover in the first half from recordbreaking losses during 1982-83, their gains were slowed by an unprecedented surge of im ported steel. U.S. demand for sheet steel was buoyed by increased sales of autos and appliances, but production of heavier items such as plate, structural, and bar steels con tinued at low levels. Fully integrated U.S. steelmakers, who generally have higher production costs than foreign pro ducers, continued to heavily discount posted prices to gain orders.29 While domestic production was up 28 percent from the first half of 1983, import penetration of the U.S. steel market in first-half 1984 was 25 percent, up from 20 percent in the year-earlier period. A significant portion of the increase in steel imports came from Third World nations.30 Many Third World suppliers can deliver steel at prices well below the discounted prices offered by U.S. firms. During the first half, steel supplies from Japan and the European Community ( e c ) continued to be limited by trade agreements negotiated in 1982. The debt situation of several nations which are steel pro ducers has been a major factor in the increased shipments of Third World steel in recent years. In particular, Mexico, Argentina, and Brazil— all major steel suppliers— have ag gressively sought U.S. sales to obtain foreign exchange for servicing their international debts. To reduce the volume of imports, the U.S. steel industry petitioned the U.S. International Trade Commission ( i t c ) for relief during the first half of the year. In June, the i t c https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ruled that the domestic industry was being injured by imports in five product groups accounting for approximately 70 per cent of the value of all steel imports.31 The Commission recommended 5 years of import quotas and additional tariffs to aid the domestic steel industry, conditional on cost-cutting and modernization steps by U.S. producers.32 Some foreign steelmakers stepped up shipments during the first 6 months of the year in anticipation of quotas or tariffs. Others, fearing that they would be charged with selling steel below cost, raised their prices to the United States. The major U.S. steelmakers are also losing market share to domestic minimills. Using modern equipment, minimills convert steel scrap and semifinished slabs into products such as bars, rods, and light structurais. Their production costs, including labor and materials, are approximately one-third less than those of integrated plants. Minimills now supply about 20 percent of all domestic steel shipments, and their share is rising. Most minimills are located in Southern or Border States.33 Other factors have curbed demand for steel in this coun try. Significantly higher spending on foreign-made capital goods continues to erode domestic steel consumption, while other metals, such as aluminum, have taken over many of steel’s traditional markets. To compete more effectively with imports, the major U.S. steel firms have increasingly sought mergers with domestic partners. In March, the Justice Department gave approval to the proposed merger of Republic Steel and ltv Corpo ration. The company formed by the merger, ltv Steel Com pany, will be the Nation’s second largest steel producer. It plans to achieve production economies by consolidating the best parts of the two firms and discarding less-efficient di visions. It should be noted, however, that when U.S. Steel and National Steel announced a planned merger in the first half, the Justice Department vetoed this action for antitrust reasons.34 Import prices for nonferrous metals increased 1.6 percent in the first half of 1984, led by rising prices for zinc and cobalt. Imports of these metals (in dollar value) were up 16 percent in the first half from the same period in 1983.35 Falling silver and copper prices partially offset these in creases. Because nonferrous metals, which also include nickel, lead, and molybdenum, are used extensively as basic inputs in many major manufacturing processes, their prices are heavily affected by the level of general economic activity. The buoyant U.S. economic recovery also had a positive effect on prices of those metals, such as zinc, which are used principally in the production of such consumer products as housing and autos. However, metals for which demand is dependent on the level of capital spending (such as copper) or speculation (silver) did not fare as well. Prices for nonferrous metals also were affected by the strong dollar and user resistance to higher prices. Dollar-denominated metal prices have been eroded by the rise of the dollar, while metal users, instead of passing along higher raw material costs in the form of higher prices, are increasingly reacting to price increases by cutting consumption or switching to substitute materials. Zinc prices rose 14.6 percent in the first half. In March, prices on world markets reached near-record levels of more than 50 cents per pound before declining slightly.36 As in- C h art 3. A nnual U.S. exports to Latin A m erica, by cou ntry of d e s tin atio n , 1979-1983 Billions of dollars https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1979 NOTE: 1980 D ata are on a free-alongside-ship 1981 (f a s ) 1982 1983 value basis. SOURCE: H ig h lig h ts o f E x p o rt a n d Im p o rt Trade, FT-990 (Bureau of th e C ensus), ta b le E-3. 9 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices dicated earlier, zinc demand was boosted by increased ac tivity in the auto and housing industries. Import prices for cobalt rose 49 percent in the first half of 1984 due to a new marketing strategy by which Zaire and Zambia joined to restrict supplies of cobalt for export. Together, these two countries supply two-thirds of U.S. cobalt imports. This action, in combination with growing U.S. demand for co balt, caused the run-up in prices. The domestic copper industry had a particularly difficult time dealing with a flood of low-cost copper imports from Chile, Zaire, and Zambia. With this industrial metal in abundant supply on world markets, prices remained de pressed: U.S. producer prices fell to an average of 65 cents per pound by June, down 15 cents from a year earlier. Production costs for some U.S. producers ranged between 75 and 85 cents per pound, while production costs in Chile, the world’s largest copper producer, were around 46 cents per pound.37 Domestic producers also use a lower grade of ore than that available in other major producing nations, yielding one-third or less copper. During the first half, the i t c ruled favorably on the U.S. copper producers’ petition for import relief, recommending either the imposition of quotas or higher tariffs on imported unwrought copper.38 A 2.7-percent decline in import prices for cork and wood manufactures moderated the increase in prices for the in termediate manufactures group. The decrease in cork and wood manufactures prices resulted from a 3.7-percent drop in prices for miscellaneous wood manufactures and a 1.9percent decline in prices for plywood and veneers. Products from Southeast Asia account for most of the weight in the index for plywood and veneers. Formerly, Indonesia had been a major supplier of logs to mills in Korea, Taiwan, and the Phillipines, which in turn exported finished products such as plywood to the United States. However, Indonesia has constructed additional mills in recent years, and now is exporting the finished products. The resulting price com petition between Indonesia and the other nations of South east Asia boosted supplies and contributed to lower prices in 1984. Machinery and transport equipment. This index, which accounts for 25.4 percent of the weight of the all-import price index, was unchanged during the first half, after rising 2.4 percent in 1983. Some $58.5 billion of this merchandise was imported during the first half, up 44 percent from $40.5 billion in the first half of last year, as the economic recovery fueled demand.39 This substantial increase was a major fac tor in widening the first-half U.S. merchandise trade deficit. Approximately half of the dollar value in this index con sists of consumer products such as autos, videocassette re corders, and household appliances. As consumer spending grew, purchases of these types of items rose. The index also includes many important components of manufacturing processes, such as electric motors, air pumps, compressors, valves, and roller bearings, for which demand grew with U.S. manufacturing output. However, the continued appre https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ciation of the dollar served to moderate price increases. Import prices for automobiles rose 1.1 percent in the first half, after rising 4.8 percent for all of 1983. Surging firsthalf 1984 U.S. auto sales and the Japanese Government’s voluntary quotas on auto exports to the United States were factors affecting import prices. Buoyant consumer confi dence, higher levels of employment, stable gasoline prices, and the improving economy boosted first-half retail auto sales to 5.5 million from 4.6 million in the 1983 first half.40 Import penetration of the U.S. market was 22.5 percent (in units), down from 26.7 percent from the same period a year earlier.41 Retail sales were restrained by short supplies of both imported and domestic autos: Supplies of imported Japanese cars were held down by the quotas, while dealer inventories of domestic autos stood at 48 days of sales on June 15, the lowest level in 10 years.42 Sales of larger cars were especially brisk and shortages developed for many domestic car models. In April, the quotas on Japanese auto shipments to the United States were raised to 1.85 million units per year from 1.68 million. The quotas, scheduled to expire in April 1985, have been a source of upward pressure on prices of Japanese cars. In the first half, Japanese autos accounted for 17 per cent of all U.S. new car sales, down from 22 percent in first-half 1983.43 Because of the quotas, Japanese automak ers were unable to maintain or increase their market share and fully exploit a cost advantage estimated at $1,500 to $2,000 per car. Instead of competing on price, Japan’s carmakers concentrated on selling higher-valued, option-laden cars in the United States— in effect providing a pricing floor for the domestic industry.44 As a result of this change in the mix of imported automobiles, the unit value index for automobiles increased at a much sharper rate than did the price index. (See chart 4.) The price index adjusts for quality changes and maintains a constant mix of goods; price is the only fluctuating variable. The unit value index reflects the shift to higher valued top-of-the-line models, as well as ‘pure’ price changes. With supply restricted by the quotas, inventories of Japanese cars dropped to 16 days of sales on June 30, 1984, compared with 27 days of sales on the same date in 1981, the first year of the quotas.45 After 4 years of cost cutting which lowered their break even point substantially, U.S. automakers posted record combined profits in the first half of 1984. U.S. firms also benefitted from an increase in demand for midsize and large cars. Sales of subcompact models were down slightly from first-half 1983 levels, due to shortages of Japanese models and consumer preference for larger cars.46 Several European carmakers, selling higher-valued models, set sales records during the first half. The trend toward internationalization of automobile pro duction persists. In particular, some Japanese auto firms further developed production facilities in North America to ensure continued access to the prosperous U.S. auto market. U.S. firms also continued to make plans for joint production of subcompact cars with Japanese and South Korean part- ners.47 Most notably, General Motors and Toyota received permission from the Federal Trade Commission to proceed with their joint venture to produce small cars in California. Ford and Mazda also announced their intention to build an assembly plant in Mexico to manufacture cars for the U.S. market. The price index for metalworking machinery was heavily affected by large supplies of imports, falling 1.9 percent in the first half. 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 1983 U.S. trade deficit in machine tools was $540 million. While this compared favorably with the $638 mil lion deficit in 1982, it was quite large in historical terms and occurred despite sluggish domestic demand.48 In recent years, U.S. machine tool makers have had an increasingly difficult time matching the prices offered by competitors in Japan, West Germany, Taiwan, the United Kingdom, and Switzerland. During the first half, U.S. producers began to recover from the worst downturn many had endured since the 1930’s. Because of recession and foreign competition, shipments of U.S.-made machine tools dropped almost twothirds between 1981 and 1983.49 Japanese imports accounted for nearly half of the 36percent share of the U.S. market taken by imports last year, up from 28 percent in 1982, and their penetration in ad vanced machine tools is much greater. For example, during the first half of 1983, some 78 percent of the machining centers sold in the United States were Japanese-made.50 The intense foreign competition continued to force major changes in the structure of the U.S. machine tool industry throughout the first half of 1984, as firms withdrew, merged, entered joint ventures with foreign producers, or moved operations offshore to cut costs. Domestic firms continued to seek relief from lower-priced imports, and as the first half ended, the National Machine Tool Builders’ Associa tion petition for import relief on the basis of national security under Section 232 of the 1972 Trade Expansion Act was still pending. Import prices for electric machinery and equipment fell 4.9 percent, despite brisk demand for new appliances for residential housing and electronic components for military equipment. In 1980, the United States posted a trade surplus of $2.2 billion for electric machinery and equipment, but in 1983, it registered an $892.4 million trade deficit.51 The decline in this index was keyed by falling prices for elec tronic components and electric circuit switching equipment. The price decrease in electric circuit switching equipment imported from Europe is partially attributable to the dollar’s appreciation against such currencies as the franc, the Deutschemark, and the pound sterling. At the same time, Japan, Taiwan, and Korea have increased production of electronic components such as integrated circuits, transistors, and diodes. This increased production resulted in economies of scale and production efficiencies which tended to lower prices. Finally, component prices were further depressed because https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis technological advances have made metal oxide transistors competetive with bipolar transistors. Although prices of metal oxide transistors have fallen, they still remain approximately 40 percent above the cost of bipolar transistors. However, the higher quality of metal oxide transistors and their new, lower prices make them increasingly attractive to engi neering designers. Miscellaneous manufactured goods. The import price in dex for miscellaneous manufactured products increased 1.5 percent in the first half of 1984. This category comprises almost 10 percent of the all-import price index, and includes a wide variety of consumer goods such as clothing, foot wear, clocks, watches, and photographic equipment. Higher prices for these products were the main force behind the upward movement in the index for miscellaneous manufac tures. U.S. demand for these products was strong as high consumer spending levels during 1983 continued into the first half of 1984. This demand was increasingly met by imports, which surged from $15.6 billion during the first 6 months of 1983 to $21 billion in the same period this year.52 This represented a 34.6-percent increase, compared to a first-half 1982-83 gain of only 11.4 percent. During the first 6 months of 1984, imported clothing and footwear prices experienced similar increases of 3.1 percent and 3.5 percent, respectively. Clothing and shoes experi enced high retail sales growth in the United States through out 1983 and into 1984. During the first half of this year, consumer outlays for clothing and shoes averaged over $ 139 billion (seasonally adjusted annual rate), compared with $127.0 billion for all of 1983 and $118.8 billion in 1982.53 Limited supplies of some apparel items contributed to higher price levels, in part because of Federal tightening of import controls and quotas and a crackdown on illegal and counterfeit imports of apparel.54 (For footwear, the possi bility of additional controls was lessened when the Inter national Trade Commission determined in June 1984 that imports of nonrubber footwear were not causing serious injury to the domestic industry.55) Higher raw material costs experienced by foreign clothing and shoe manufacturers also were reflected in increasing prices during the half. These included steep hikes in the price of leathers over the past year, and moderate gains in the prices of cotton and man made fabrics. The index for photographic apparatus and supplies, op tical goods, and watches and clocks moved up by 2.4 percent in the first half. Prices for photographic apparatus and equip ment advanced 3.4 percent as strong consumer demand re versed a downward trend that began early in 1982 in response to product innovations. Optical lenses and watches also contributed to the increase in the index, with gains of 6.4 percent and 10.3 percent, respectively. Prices of these prod ucts had declined during 1981, 1982, and 1983 because of steep competition among suppliers and reduced production costs. The higher quality watch market showed particular strength this year. 11 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices Export trends Grain. Export prices for grain rose 1.7 percent in the first 6 months of 1984 after a 16.8-percent advance in 1983. The price movement for the first half resulted when substantial price increases for wheat and feed grains in the second quarter dominated the more moderate price declines regis tered in the first quarter. Increases in market prices in May and June reflected unfavorable weather conditions in the United States and the Soviet Union. U.S. grain exports represent over 7 percent of the value of all U.S. merchandise exports, and consist primarily of wheat, com, and sorghum. Grain exports totaled $7.8 billion in the first 6 months of 1984, compared with $7.4 billion for the same period in 1983.56 Prices for exported wheat edged upward by 2.6 percent in the first half of 1984. Severe flooding in the Midwest this spring resulted in erosion, planting, and transportation difficulties, and placed upward pressure on wheat prices despite huge U.S. stockpiles. Additionally, speculation in the grain market centered around a possible reduction in Soviet grain production as the result of a spate of bad weather in that country. Demand for U.S. wheat increased during the first half, in part because of severe drought in West African countries, but export price rises were moderated by increased production in other countries such as Canada, European Community countries, Australia, and India. Trade agreements concluded with the Soviet Union and the Peo ple’s Republic of China in 1983 helped stabilize U.S. ex ports to these countries in 1984.57 The U.S. Payment-in-Kind ( p i k ) program, initiated in January 1983 to reduce surplus grain supplies and stabilize U.S. commodity prices, affected 1983 and 1984 soybean and corn prices much more than those for wheat. Huge wheat stockpiles were not greatly reduced by the program, partially because increases in yields per acre in 1983 kept output levels high, p i k benefits were reduced in 1984 and fewer farmers elected to enroll, with the result that 60 per cent of grain acreage was included in surplus reduction programs, compared with 86 percent in 198 3.58 In a separate effort to draw down large wheat supplies, the U.S. De partment of Agriculture announced a new program that pro vides wheat stocks on a competitive basis to private exporters for resale to drought-stricken African nations. Com prices moved up 1.9 percent during the first half of 1984, following a substantial 34.5-percent price gain in 1983. Surpluses of com were reduced by the p i k program and the 1983 drought, and this year’s spring floods in the Midwest disrupted the planting of new crops. Growing de mand for high fructose com syrup contributed to the upward trend in com prices, as the U.S. beverage industry increas ingly chose this com product as a substitute for sugar. Prices for other feed grains, including sorghum and bar ley, and for soybeans, also rose during the first 6 months of 1984. These commodities are substitutes for com, and usually demonstrate similar price movements. Sorghum was 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis up slightly by 1 percent, barley prices rose 2.8 percent, and prices for exported soybeans (soybeans are included in the crude materials index) advanced 5.6 percent. The substantial gain in soybean prices in the first half reflected tight do mestic supplies following the summer drought of 1983, and dry weather in Brazil in 1984. Even though soybean prices had risen more than 35 percent in 1983, strong demand for soybean oil in response to shortages of other vegetable oils pushed up prices even further during the first 6 months of this year. Demand for soybean meal decreased over the same pe riod, following a substantial price jump in the fall of 1983. The decline in prices of animal feeds, which are included in the food index, tended to moderate the first-half advance in that index. Crude materials. The 5.4-percent price rise for crude ma terials contributed significantly to the increase in the all export price index this half, as such materials represent almost 11 percent of the all-export index. Demand for these products, which are used in the early stages of production, increased sharply as worldwide industrial production began to pick up in the first half of 1984. U.S. exports of crude materials during that period were $11 billion, an 18.2-percent increase over the $9.3 billion exported during the same period in 1983.59 A 14.4-percent jump in prices of raw hides and skins, a 15.2-percent surge for pulp and waste paper, and a 7.7-percent gain in oilseeds led the first-half increase in the crude materials index. U.S. export prices for raw hides and skins have soared 52 percent since the beginning of 1983, following declines in 1981 and 1982. Droughts in 1982 and 1983 led to smaller herds and lower slaughter rates in New Zealand, Australia, and Argentina, which in turn created a strong world demand for U.S. hides during 1983 and the first half of 1984. In recent years, trends away from beef consumption in the industrial nations have also reduced available world supplies of cattlehides. It is estimated that worldwide cattleherds declined 2.5 percent in 1983, and will shrink by another 1 percent in 1984.60 Demand for U.S. hides by the major buyers in the Far East grew significantly as those countries’ sales of finished leather goods to this country flourished with the economic upturn. Total U.S. exports of hides and furskins in the first 6 months of 1984 were 59 percent above those for the same period in 1983.61 U.S. furskin sellers took advantage of a demand resurgence in Europe by raising prices on some grades. Exported furskin prices edged upward by 5.5 percent in the second half of 1983, and then jumped 11.7 percent during the first half of 1984 after dropping more than 30 percent from December 1980 to June 1983. Export prices for pulp and waste paper advanced more than 15 percent this half, driven by a 25-percent leap in prices for sulphate wood pulp and moderated by declines in waste paper prices. The combination of strong domestic demand and additional purchases in the first half by China, Japan, and some European nations caused the rapid price increases for sulphate wood pulp. The strong demand stemmed from increased manufacturing activity, because the primary use for sulphate pulp is for packaging items. U.S. exports of paper base stocks, including wood pulp, were 14 percent higher in the first 6 months of 1984 than in the same period in 1983.62 A 5-percent gain in cotton prices was the reason for the 2.0-percent rise in the textile fibers index, which continued an upward trend begun in early 1983. (U.S. export prices for cotton had already risen more than 30 percent from December 1982 through December 1983.) The advance in cotton prices reflects rapidly rising world consumption lev els in the 1983-84 marketing year (season beginning in August) in the face of world production levels that have been declining since the 1981-82 marketing year. Con sumption is up as the result of increased use of cotton in apparel, and because of sharp rises in the use of cotton products in China, India, Turkey, and Egypt. Although cotton production had declined in the United States, surplus stocks were used in 1984 in order to help meet the strong world demand. U.S. exports were up 38 percent in the 1983-84 marketing year over those for the https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis same (August through April) period in the previous year.63 The major buyers of U.S. cotton in the first half were Japan and the Republic of Korea. While almost all countries im porting cotton from the United States increased their pur chases in 1983 and 1984, some Asian nations, such as Hong Kong and Taiwan, did so at higher rates as their manufacture and export of clothing increased sharply in response to the economic upturn in this country and some European nations. Cotton price hikes were moderated by sharp production increases in Mainland China, and by smaller rises in Soviet and Mexican cotton output. Fats and oils. Although the fats and oils export price index represents just under 1 percent of total U.S. exports, its 34.8-percent surge during the first half was responsible for 15 percent of the 2-percent rise in the all-export price index. The prices of soybean oil and animal fats and oils showed substantial gains in the second quarter of 1984. Prices were driven up when unfavorable weather conditions in the Mid west this spring caused shortages of U.S. soybean oil. Ad ditionally, tight supplies of palm, coconut, and sunflower seed oil in the Far East and Malaysia placed upward pressure on prices, because soybean and animal oils are close sub stitutes for these other vegetable oils. Prices for animal oils were further pushed up by growing demand for soaps and cosmetics, two products in which these oils are used. Chemicals. Export prices for chemicals rose 1.1 percent during the first 6 months of the year, reflecting higher prices for agricultural chemicals and medicinal and pharmaceutical products. U.S. exports of chemicals in the first half were above year-earlier levels, and the major U.S. chemical firms recorded much-improved profits for the same period, with several posting record second-quarter profits. In domestic and overseas markets, first-half sales of ag ricultural chemicals such as fertilizers and pesticides were up sharply from year-earlier levels. Such factors as the con tinuing farm recovery in the United States, the curtailment of last year’s pik program that reduced acreage plantings, and good weather in major agricultural areas around the world were responsible for increased sales of pesticides. Exports to Europe were improved, as were sales in Pacific Rim nations such as China, New Zealand, and Indonesia. In recent years, U.S. firms have made significant advances in pesticides which have resulted in more effective, less toxic, and easier-to-apply products.64 The Nation has historically posted large surpluses in in ternational trade of chemicals. In recent years, however, the surpluses have begun to shrink, falling from $10.4 bil lion in 1982 to $9.0 billion in 1983 and to $4.2 billion in the first half of 1984.65 This trend is attributable to the strong dollar and to increasing world chemical production capacity. Several Third World nations, especially those that are major oil exporters, have invested heavily in plants and equipment for chemical production. Oil producing nations have a com parative advantage in the production of petrochemicals, re13 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices suiting from the ready availability of low-cost petroleum feedstocks. In addition, many developing countries are ex porting chemicals to the United States on a duty-free basis under the Generalized System of Preferences of the U.S. Trade Act of 1974. Such duty-free imports accounted for more than half of the Nation’s total 1983 imports in the benzenoid intermediate category (in tons) and for 96 percent of imports of phthalic anhydride.66 Intermediate manufactures. Export prices for intermediate manufactured products rose 1.3 percent in the first half, after rising 1.8 percent in 1983. The first-half increase was paced by a 6.3-percent rise in export prices for paper and paperboard products, which was partially offset by a 1.0percent decline in prices for nonferrous metals. In recent years, U.S. exports of intermediate manufactured goods have declined steadily. In 1983, the nation exported $14.9 billion of these goods, down from $16.7 billion in 1982 and $22.3 billion in 1980.67 The drop in export value is largely due to declining exports of iron, steel, and nonferrous met als. The export price index for paper and paperboard products index often displays volatile movements, because demand for these products is closely tied to conditions in the pack aging industry. As increased demand for packaging mate rials drove the capacity utilization rate in the U.S. packaging industry to 97 percent in the first half, prices for paper and paperboard products quickly rose. The advance in export prices for paperboard and paperboard products was led by a 15.6-percent increase in the index for kraft paper and paperboard. World demand for these products was strong, and several U.S. producers posted record sales. Kraft is a heavy-duty paper which, in un bleached form, is used for shopping bags and many other applications. Price increases were recorded for all bleached and unbleached types during the first half. Kraft paper and paperboard products are made from kraft pulp. During the first half, foreign demand for this type of pulp increased sharply. This, combined with a strike in the major producing region of Canada which reduced output and tightened supplies, served to drive up world prices. Because production of both kraft pulp and paper is highly capital intensive and is only efficient on a large scale, ad ditional capacity cannot be brought on-line easily over a short period. Higher prices for kraft pulp raised input costs for U.S. producers of kraft products such as linerboard, packaging cartons, and shipping sacks. Prices for printing and writing paper advanced 5.6 percent in the first half. Price rises were recorded for both coated and uncoated papers. Demand for printing papers was buoyed by advertising expenditures, particularly increases in mag azine advertising, while the growing use of office and home automation products in the major industrialized nations boosted demand for both printing and writing papers. The 1.0-percent drop in nonferrous metals prices in the 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis first half followed a 1.0-percent rise in this index for all of 1983. In recent years, exports of many of these metals have fallen in response to the availability of lower-cost foreign supplies, substitution of alternative materials, and decreased demand from basic industries. The decline in the index was led by a 4.4-percent drop in the aluminum index, which was partially offset by a 3.7-percent rise in silver export prices and a 2.3-percent increase in copper prices. Aluminum prices fell as a result of a worldwide glut of ingots. Much of the world’s aluminum supply is marketed in the form of basic ingots. At the start of 1984, the major U.S. producers were operating at near full capacity, but by midyear three of these firms cut production because of lower prices.68 In recent years, aluminum has increasingly been used as an instrument of speculation. In Europe, aluminum is traded on the London Metals Exchange ( lme), and be ginning in December 1983, the Commodities Exchange in New York began to trade aluminum. Prices for the light weight metal fell to 53 cents per pound by mid-1984, down from a September 1983 high of 73 cents. On the U.S. spot market, prices slipped to 61 cents per pound, down 11 cents from levels reached earlier in the year.69 Growing world aluminum inventories fueled the ingot price decline, al though prices for more expensive aluminum products fab ricated from ingots remained firm. In May, U.S. producer inventories were 11 percent higher than in December 1983. U.S. aluminum exports, including mill products, ingots, and scrap, in the first 6 months of 1984 were 8.4 percent (measured in tonnage) below those recorded for the same period in 1983, while imports were up 41.4 percent.70 The strong dollar was an important factor in both the drop in exports and the rise in imports. Silver prices, normally very volatile, were relatively sta ble during the first half. Prices were heavily affected by the strong dollar and rising interest rates, which tended to shift speculative activity from silver to dollar-denominated in vestments. The other determinant of silver pricing, indus trial usage, failed to increase appreciably during the first half. U.S. exports of the white metal during the first 5 months of 1984 were far below the 1983 pace, while imports continued to exceed exports by large amounts. Lead prices and output continued at reduced levels during the first half. Lead exports for the period were less than half of first-half 1983 levels, while domestic production had fallen slightly. In recent years, world demand for lead has been curbed by the substitution of plastics, while use of the metal in storage batteries, solders, and gasoline has de creased significantly. M achinery and transport equipment. Machinery and transportation equipment accounts for 35.3 percent of the value of all U.S. exports. Export prices for these products advanced 1.8 percent in the first 6 months of 1984, after rising 2.2 percent for all of 1983. Most major product groups within the machinery and transportation equipment index showed moderate price gains and sales increases for the first half. The value of U.S. exports of machinery and trans portation equipment was 6.6 percent greater than in the same period in 1983.71 Some product groups, 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. However, in other product groups, such as metalworking, textile, and leather machinery, export sales and prices con tinued to be depressed by the strength of the dollar. The export price index for road vehicles and parts is the largest component of the machinery and transportation equipment index. A 2.7-percent rise in prices for parts for motor vehicles was largely responsible for the index’s 1.9percent advance this half. A slight 0.3-percent decrease in the price of passenger motor vehicles partially offset this gain. The value of U.S. exports of road vehicles and parts surged from $7.29 billion in the first 6 months of 1983 to $9.15 billion for the same period in 1984.72 High levels of Canadian demand for vehicles and vehicle parts, combined with strong domestic demand, resulted in high capacity utilization in the U.S. automobile industry, thus influencing the price movement for the half. To stay competitive in the world market, the industry implemented various cost controls which moderated the price advance. Export demand for automobile parts was strengthened by the recent trend toward internationalization of automobile production, as additional parts were shipped to U.S. sub sidiaries in Mexico and Canada during 1983 and 1984. The “ other transport” index, which excludes military and commercial aircraft, moved forward by 4.7 percent in the first half. The general aviation aircraft component rose 4.1 percent and prices of parts for aircraft and spacecraft were up 5.9 percent. The price increases in spacecraft parts reflect the highly sophisticated nature of these products, which limits the number of firms capable of supplying an expand ing world market. The United States maintains technological superiority in the production of high quality aviation parts, and U.S. manufacturers, even while operating at near-ca pacity, were unable to fully meet the growing first-half export demand. Price hikes in this index, in both the domestic and export markets, average 1 to 2 percent per quarter. U.S. parts manufacturers are able to pass on production cost increases because of the inelasticity of demand for aircraft and aero space replacement parts. World demand continued to be depressed for general aviation aircraft, but a pick-up in domestic demand in 1984 and vitality in the export demand for turbojet aircraft led to higher prices. General industrial machinery accounts for 14 percent of the machinery and transport equipment index. Prices for this product group increased 2.1 percent in the first half of 1984 after advancing 1.7 percent in 1983. The items primarily responsible for the upward movement included pumps and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis compressors, for which prices jumped 9.2 percent, and packaging and weighing equipment, up 2.4 percent. Mild price declines occurred in cooling equipment, centrifuges, powered industrial trucks, and ball and roller bearings. Total exports of general industrial machinery were basically stable for the year, with first-half sales of nearly $4.1 billion, compared with slightly more than $4.05 billion for the same period in 1983.73 The economic upturn reached some areas of the capital goods sector in Canada, Europe, and the Far East, boosting demand for general industrial products. Expanded residen tial and commercial construction, especially in Japan and South Korea, increased demand for U.S.-made air compressers, pumps for liquids, valves and cocks, and heating and cooling equipment. All of these products had some price hikes during the half except for cooling equipment, for which a 0.7-percent decrease was recorded because of in tense competition from Japan, West Germany, and Italy. Expansion of food processing facilities in Singapore, Ma laysia, Thailand, and Indonesia stimulated demand for U.S. packaging and weighing equipment. Nonetheless, U.S. manufacturers of general industrial machinery and parts continued to face strong competition from Japan and the Far East, and were adversely affected by the continued strength of the dollar. For example, export prices for ball and roller bearings edged downward by 0.4 percent in the half. Debt problems of purchasers Mexico and Brazil also acted to depress demand and prices for U.S. general industrial machinery. Moreover, slack demand for general industrial equipment in the European chemical and steel industries exerted downward pressure on U.S. export prices this half. First-half price increases in other major product groups included a 1.6-percent gain in power generating machinery and equipment; a 1.1-percent rise for machinery specialized for particular industries; and a 2.6-percent advance for elec trical machinery and equipment. Office machines and data processing equipment were the only major product group in the machinery and transport equipment index to experience a price decline in the first half of 1984. Export prices fell 1.0 percent in the half, continuing a slide that began in mid-1981. Steadily declining prices for these products are due in part to the rapid tech nological advancement and resulting lower production costs for such items as typewriters, calculators, and computer terminals. Price cuts also reflect the fierce competition among domestic and foreign suppliers (particularly Japan) in these expanding markets. The introduction of new products placed further downward pressure on the prices of some competing older models. While prices of office machinery and computers were declining, export sales boomed during the first half, rising 24 percent above the level recorded in the first 6 months of 1983.74 □ 15 MONTHLY LABOR REVIEW October 1984 • First-H alf Im port and Export Prices FO O TN O TE S Acknowledgment: The following economists in the Bureau’s Division o f International Prices assisted in the analysis of the various indexes dis cussed in this article: Brian Costello, Todd Darr, Mohamed Elitreby, David Friedman, Gerry Gribbons, Hans Jorgensen, Nicholas Peters, Mildred Tweedy, Paul Washburn, David Wawro, Loren Yager, and Peter Zaleski. Carol Burger and Peter Zaleski of the Division prepared the graphics. 'Amount indicated is on Balance of Payments basis. See U .S . D e p a rt m ent o f C om m erce N e w s , BEA 84-41 (Bureau of Economic Analysis), Aug. 6, 1984. 23F oreign A griculture C irc u la r-C o ffee , FCOF 2 -8 4 (U .S. Department of Agriculture, Foreign Agricultural Service), July 1984, p. 2. 2AI b id ., p. 5. s Kathleen H. Hughes, “ U .S. Crackdown on Coffee Smuggling Helps Bean Prices to High for 1983,” The W all Street Journal, Nov. 14, 1983, p. 46; and “ Group May Consider Ending Restrictions on Export o f Cof fe e ,” The W all S treet Journal, May 29, 1984, p. 47. 26 W orld Coffee a n d Tea, Vol. 25, No. 2 (McKeand Publications), June 1984, p. 30. 21 I b id ., p. 32. 2 Import price indexes are weighted by 1980 import values and are published on an f.o.b. (free-on-board) foreign port or c.i.f. (cost, insur ance, and freight) U .S. port basis. Export price indexes are weighted by 1980 U .S. merchandise trade values and are published on an f.o.b. factory or f.a .s. (free-alongside-ship) U .S. port basis. See “ International Price Program” (Bureau o f Labor Statistics). 3 W orld F in an cial M a rk ets (New York, Morgan Guaranty Trust Com pany, International Economics Department), January 1984, pp. 12-13, and July 1984, p. 12. 4For details o f the value of the dollar against individual currencies, see F ed e ra l R eserve B ulletin, July 1984, p. A64. 5 “ Capacity Utilization” (Board of Governors of the Federal Reserve System, Division o f Research and Statistics), July 16, 1984. 6 U .S . D ep a rtm en t o f C om m erce N ew s, CB 8 4 -1 3 4 (Bureau of the Cen sus), July 18, 1984. 1 U .S . D ep a rtm en t o f C om m erce N ew s, bea 84-41 (Bureau of Economic Analysis), Aug. 6, 1984. 28H igh lights o f U .S . E xport an d Im port T rade, FT-990 (U.S. Depart ment of Commerce, Bureau of the Census), June 1983, p. A -9 , table 4. 29Thomas F. O ’Boyle, “ Steel Firms’ 2nd Period Profits Said to be Best since 81; Recovery May Fizzle S oon ,” The W all S treet Journal, July 5, 1984, p. 4. 30“ Even if Steel Gets Import Relief, Its Anxieties Won’t Go A w ay,” B usiness W eek, June 25, 1984, p. 29. 31 Eduardo Lachica and Thomas F. O ’Boyle, “ it c Proposes Quotas, Tariffs on Steel Imports,” The W all S treet Journal, July 12, 1984, p. 3. 32Ibid. 33See “ The Steelworkers Dig in Against a Cleveland M inimill,” B usi ness W eek, Jan. 23, 1984, p. 37; and “ Steelworkers Keep on Tilting at M inim ills,” B usiness W eek, Feb. 20, 1984, p. 33. 34 “ Steel Forges a Japanese Connection,” B usiness W eek, May 7, 1984, p. 30. 35H igh lights o f U .S . E xport an d Im port T rade, p. C -6 , table 2. 8H igh ligh ts o f U .S . E xport an d Im port T rade, ft-990 (U .S. Department o f Commerce, Bureau of the Census), June 1984 and June 1983, table E 3. 9For information on imports, exports, and trade deficits, see U .S. D e p a rtm e n t o f C om m erce N ew s, bea 84-41 (Bureau of Economic Analysis), Aug. 6, 1984. 36 “ Raw Materials; A Case for Pessimism on Prices,” B usiness Week, Mar. 12, 1984, p. 25. 37 Allanna Sullivan, “ Agency Decision on Copper-Import Curbs Could Recast Shape of a Sagging Industry,” The W all S treet Journal, June 11, 1984, p. 36. 38Eduardo Lachica, “ ITC is Divided on How to Aid Copper Industry,” The W all S treet Journal, June 28, 1984, p. 16. 101bid . 11Sum m ary o f U .S . Intern ational Transactions (U .S. Department of Commerce, Bureau o f Economic Analysis), September 1984. l2H igh ligh ts o f U .S . E xp o rt a n d Im port T rade, FT-990 (U.S. Depart ment o f Commerce, Bureau of the Census), various issues, tables E -3 and 1-6. The countries included as Far Eastern nations are: Japan, China (Mainland), Burma, Thailand, Laos, Kampuchea, Malaysia, Singapore, Indonesia, Brunei, Philippines, Macao, Southern Asia (n .e.c.), Republic o f Korea, Hong Kong, and China (Taiwan). 13Ibid . 14The share o f final good production that is accounted for by gross trade (merchandise imports plus merchandise exports) is calculated as: Merchandise imports -I- Merchandise exports Sales o f final goods + Merchandise imports . X 1u u It is computed using data from Survey o f C urrent B usiness, various is sues. 15Ibid. 16Youssef M. Ibrahim, “ Persian Gulf War Helps Depress Oil Prices on Spot Market Instead o f Raising Them ,” The W all S treet Journal, June 20, 1984, p. 3. 17M onthly E nergy R eview (U.S. Department of Energy, Energy Infor mation Administration), May 1984, pp. 7, 43, and 52. 18 See C onsum er P rice Indexes f o r F uel O il, C onsum er P rice Index f o r A ll U rban C on su m ers, usdl-318 (Bureau of Labor Statistics), July 24 1984, table 1. 19Ib id , table 3. 20M onthly E n erg y R eview , doe/ ei— 0035 (U.S. Department of Energy, 39H igh lights o f U .S . E xport a n d Im port T rade, p. A - 8 , table 4. 40 W ard’s A u tom otive R eports, July 9, 1984, p. 217. 41 Ibid. 42Ibid. 43 Ibid. ^A m al Nag, “ High New Car Prices Keep Many Lookers Looking, Not Buying,” The W all S treet Journal, Aug. 3, 1983, p. 8. 45 W ard’s A u tom otive R eports, July 16, 1984, p. 225, and July 20, 1981, p. 225. 46“ Subcompacts: The Soft Spot in Auto Sales,” B usiness W eek, June 11, 1984, p. 43. 47 “ How Carmakers Are Trimming an Import Surplus,” B usiness Week, Jan. 30, 1984, p. 36. 48Statistical R eport: U .S. Foreign Trade in M achine Tools 1983 (McLean, V a., National Machine Tool Builders’ Association), Mar. 30, 1984. 49Ralph E. Winter, “ Acme Cleveland Is Making Risky Changes to Survive In New Machine Tool Industry,” The W all S treet Journal, May 17, 1984, p. 33. 50“ A U .S. Toolmaker Cozies Up To Its Former F oes,” B usiness W eek, Apr. 16, 1984, p. 66. 51 H igh ligh ts o f U .S . E xport a n d Im port T ra d e , December 1983, pp. 2 6 27, table E -2 , and pp. 6 2 -6 3 , table 1-3. 52H igh ligh ts o f U .S . E xport a n d Im port T rade, June 1984, table 1-3. 53 U S - D ep a rtm en t o f C om m erce N e w s— P e rso n a l Incom e a n d O utlays (Bureau of Economic Analysis), July 20, 1984. 21P etro leu m Su pply M onthly (U.S. Department of Energy, Energy In formation Administration), August 1984. 54Mark Hosenball, “ ‘Operation Tripware’ lights up scoreboard with new seizures,” W om en’s W ear D a ily , Feb. 8, 1984, p. 25; and “ U.S. Tightens Rules on Apparel Imports due to Quota A buse,” The W all S treet Jou rn al, Aug. 6, 1984, p. 20. 22F oreign A g ricu ltu re C irc u la r-H o rtic u ltu ra l P ro d u cts, fas 7 -8 4 (U.S. Department o f Agriculture, Foreign Agricultural Service), July 1984, p. 14. 55N onrubber F ootw ear, usrrc Publication 1545 (U.S. International Trade Commission), July 1984, p. 1. Energy Information Adminstration), May 1984, pp. 4 2 -4 3 . 16FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 56H igh lights o f U .S . E xport a n d Im port T rade, ft-990 (U.S. Depart ment o f Commerce, Bureau of the Census), June 1983 and June 1984, table E -2 . 57 “ U .S. Offers Soviets 10 Million More Tons of Grain This Year,” The W all S treet J ournal, Jan. 26, 1984, p. 48. 58O utlook a n d Situation R e p o r t-W h e a t (U .S. Department of Agricul ture, Economic Research Service), June 1984, p. 2. 59H igh ligh ts o f U .S . E xport a n d Im p o rt T rade, ft-990 (U.S. Depart ment o f Commerce, Bureau of the Census), June 1983 and June 1984, table E -2 . 60C o u n cil N e w s, Issue # 8 4 - 2 2 (Washington, Tanners Council of Amer ica), June 1, 1984, p. 3. 61 H igh ligh ts o f U .S . E xport an d Im port T rade, FT-990 (U.S. Depart ment of Commerce, Bureau of the Census), June 1983 and June 1984, table E -2 . 62 Ibid. 65H igh ligh ts o f U .S . E xport an d Im port T rade, June 1984, p. A -8 , table 4, and p. A - 4 , table 2. “ Homer Starr, “ A Big Trade Setback for U .S. Producers,” C hem ical W eek, Feb. 29, 1984, p. 25. 67H igh lights o f U .S . E xport an d Im port T rade, December 1983, table 2, pp. 10-11. 68 “ Alcoa and Kaiser To Cut Production, Price Drop Cited,” The W all S tre et Jou rn al, June 21, 1984, p. 16. 69J. Ernest Beazley, “ Reynolds Metals to Cut Output of Aluminum,” The W all S treet Journal, July 25, 1984, p. 7. 10The Alum inum Situation (Washington, The Aluminum Association), August 1984. 71 H igh lights o f U .S . E xport an d Im port T rade, ft-990 (U.S. Depart ment of Commerce, Bureau of the Census), June 1983 and June 1984, table E -2 . 72Ibid. 63F oreign A g ricu ltu ra l C ircu la r — C otton , FC 7 -8 4 (U.S. Department of Agriculture, Foreign Agricultural Service), June 1984, p. 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 64A1 W yss, “ Agricultural Rebound Enriches Chemical Earnings,” The Journal o f C om m erce, Aug. 3, 1984, p. 1. ™Ibid. 14 Ibid. Rents that mean eviction At a neighborhood housing counseling center in Paris, walk-in clients include a bedraggled fellow wearing dark glasses, an elderly woman clad in a well-worn black dress, and a foreign woman with two children in tow. As they talk softly, often nervously, with their volunteer lawyers, their faces register anger mixed with resignation and fear. Their landlords have raised their rents, and they are here to learn about their rights. For them and for many of the others in the large meeting room, the question is whether they can afford to stay in their apartments— and if they cannot, then where they can afford to move. Around the room placards proclaim, “ You fight for your salaries, fight for your housing too.” “ Easier said than done,” sniffs a young man whose lease is up for renewal. “ You must take what you can find.” — S andy Solomon “ Urban Renovation: Rebuilding the Cities for Whom?“ Transatlantic Perspectives, January 1981, p. 34. 17 Occupational mobility and job tenure in 1983 In 1983, more than 1 worker in 3 aged 35 to 44 had been with the same employer 10 years or longer and almost the same ratio o f workers 45 and older had worked fo r the same employer 20 years or more E llen S ehgal Intergenerational and intragenerational upward occupational mobility is an accepted part of American life. Also com monly accepted is a picture of the U.S. labor market in which workers are highly mobile in general. Numerous books and articles describe Americans’ extensive “job hopping” and geographic mobility. American workers are seen as changing occupations and employers in far higher propor tions than their counterparts in other industrial nations.1 This view of widespread job mobility is supported by a number of developments which tend to hold down the meas ures of average tenure in the United States, particularly in comparison with Japan and other industrial nations. These developments primarily are related to rapid increases in the U.S. population and labor force. For example, over the past decade, millions of American women have entered the labor force each year. Moreover, the American work force has been boosted by high rates of migration (both legal and illegal) into the United States. As a result, employment has grown by 20 million since the early 1970’s. And with all of these new workers in the labor force, it is not too sur prising that the overall measure of job tenure for the United States is relatively low. Yet, a detailed look at the data on tenure shows that a large proportion of American workers apparently spend most of their “ mature” worklife with the same employer and in Ellen Sehgal is an economist in the Division of Data Development and Users’ Services. Office o f Employment and Unemployment Statistics, Bu reau o f Labor Statistics. 18 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis the same type of work.2 Jobs held by middle-aged workers appear highly stable. New data from the Current Population Survey seem to support the contention that mature American workers, on average, show substantial job stability, thus making them not too unlike the workers of Japan.3 Of course, there is significant job movement among young workers, both in terms of employers and types of work. Still, once they settle into a career path, employees become considerably more stable in terms of their work than is generally thought. This is the picture which emerges from the most recent information on workers’ tenure with their employer and in their current occupation. The information was gathered through special questions in the Current Pop ulation Survey on the work persons were doing in January 1983, whether it was the kind of work they did a year earlier, how long they had done that kind of work, and how long they had been working continuously for their current em ployer. Among the principal findings: • One worker in 6 has been with his or her employer for at least 15 years. • Among workers aged 45 and over, nearly one-third have been with their current employer for 20 years or more. • Tenure with one’s employer is closely linked to occu pational stability. • The rate at which women change occupations has in creased substantially over the past two decades, but for men there has been no trend. Tenure with employer As expected, the length of tenure with one’s employer is strongly related to the age of workers. For example, the vast majority of teenagers working in January 1983 had held their jobs for 1 year or less. Workers aged 20 to 24 also had short tenure. Again this is not surprising, because most of these young adults are recent entrants into the labor force, their jobs being largely temporary in nature while they are in the process of searching for and establishing careers. In contrast, many older workers have become attached to a particular employer and a given occupation, and thus are far less mobile. Their longer attachment to a job usually provides wage increases and greater employment security as well as pension rights. Among workers aged 35 to 44 in January 1983, more than one-third had been with the same employer for 10 years or more, and among workers 45 and over, nearly one-third had been at their jobs for at least 20 years. (See table 1.) This indicates a substantial employment stability among a large portion of American workers. While tenure among younger workers is obviously shorter, the observed pattern by age, if continued into the future, would indicate that about half of all workers aged 30 to 34 who have been with an employer for 10 to 14 years are likely to remain with that employer for a least another 10 years.4 And for workers aged 25 to 29 the proportion would be almost 40 percent. T ab le 1. On average, men have longer job tenure than women. This is primarily because uninterrupted labor force partic ipation has been common for men but is a more recent practice for women. As shown in table 1, among all workers 16 years of age and over, the proportion that had been with their employer 15 years or more was about 20 percent for men and 10 percent for women. Job tenure was longer for men than for women in part-time as well as full-time em ployment. Black women (who have had a high rate of labor force participation for many years) exceeded both white and Hispanic women in tenure with their 1983 employer.5 Young men and women have similar median years of job tenure. Tenure for men, however, becomes significantly longer than for women at ages 35 and older. As the following tabulation shows, in the 55-to-64 age group in January 1983, median tenure for men was 16.9 years, in contrast to 10.3 years for women. Median years Total Men Women T o ta l, 16 y e a rs an d o v e r ......................... 4 .4 5.1 3 .7 16 to 2 4 y e a rs .................... 25 to 34 y e a rs .................... 35 to 4 4 y e a rs ..................... 1.5 3 .5 5 .8 1.5 3 .8 7 .7 1.5 3 .2 4 .6 4 5 to 5 4 y e a rs .................... 55 to 6 4 y e a rs ..................... 65 y e a rs an d o v e r .............. 10.2 13.6 13.2 13.2 16.9 14.9 6 .9 10.3 1 1.9 Age D istribu tion of w orkers by age, sex, and years of tenure w ith current em ployer, Jan u ary 1983 [Numbers in thousands] Years with current employer (percent distribution) Age and sex Number employed Total 97,273 18,732 78,541 27,805 21,169 29,567 15,549 11,224 2,794 20 years or more 1 year or less 2 to 5 years 6 to 9 years 10 to 14 years 15 to 19 years 100,0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 27.3 56.4 20.3 30.0 33.1 40.2 31.3 43.0 31.2 20.5 12.4 3.1 14.6 16.8 15.1 6.4 9.9 7.9 .9 11.7 12.3 22.8 13.1 10.8 10.6 10.9 .3 13.5 9.2 16.8 15.1 15.6 14.9 13.7 54,415 9,641 44,775 15,575 11,924 17,276 9,003 6,590 1,683 100.0 24.7 56.1 18.0 27.6 16.8 42,858 9,092 33,766 12,229 9,245 12,291 6,546 4,634 Total 16 years and over....................................... 16 to 24 years .................................... 25 years and over ............................ 25 to 34 years............................... 35 to 44 years............................... 45 years and over.......................... 45 to 54 y e a rs .......................... 55 to 64 years .......................... 65 years and over ..................... 20.0 11.5 13.0 9.7 10.2 17.9 18.8 12.0 .1 8.6 5.0 29.1 23.4 34.8 38.1 7.5 13.7 9.1 7.5 16.7 .1 6.9 38.3 32.8 44.7 42.4 5.0 5.2 6.4 .7 7.1 11.4 6.7 11.8 12.3 11.9 Men 16 years and over....................................... 16 to 24 years.................................... 25 years and over ............................ 25 to 34 years ............................... 35 to 44 years............................... 45 years and over.......................... 45 to 54 years .......................... 55 to 64 years .......................... 65 years and over ..................... 100.0 100.0 100.0 100.0 100.0 100.0 10.2 11.1 100.0 8.9 100.0 10.1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 30.5 56.7 23.4 33.1 24.3 13.2 15.5 100.0 100.0 10.8 30.2 39.6 28.2 43.0 26.2 16.3 17.3 14.5 18.3 12.2 36.7 40.9 35.5 43.2 37.7 26.5 30.3 22.8 19.6 12.5 2.3 15.3 15.4 15.6 14.9 16.1 14.4 3.9 14.0 17.9 14.8 9.9 10.9 8.4 10.5 11.7 .4 14.1 10.4 20.0 13.2 14.3 12.3 11.3 1.0 15.4 12.0 13.5 11.2 Women 16 years and over....................................... 16 to 24 years.................................... 25 years and over ............................ 25 to 34 years ....................... 35 to 44 years............................... 45 years and over......................... 45 to 54 years ......................... 55 to 64 years ....................... 65 years and over .................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1,111 10.3 10.8 10.0 .2 12.7 7.6 12.7 17.8 17.3 18.6 17.3 10.6 12.8 10.3 2.7 16.1 10.3 20.7 31.6 19 MONTHLY LABOR REVIEW October 1984 • Occupational Mobility The average length of tenure of workers with their em ployers does not vary greatly by major occupational group, particularly if one excludes “ farming, forestry, and fish ing.” The workers in this occupational group have an un usually high median tenure because many are permanently self-employed and also because these are declining occu pations which attract few newcomers. In all other occupa tional groups, the median years of tenure with employers do not show a wide dispersion from the overall averages for men and women. For example, median tenure for all men 25 and over is 6.9 years. When ranged by major oc cupational groups, the medians for these men varied from a high of 8.1 years for those in “ executive, administrative, and managerial” jobs and “ administrative support, includ ing clerical” jobs, to a low of 4.1 years for those in service occupations other than private household and protective ser vices. (See table 2.) For women 25 and over, the range of employer tenure is even smaller, with the medians for most occupational groups being closely clustered around 4.8 years for all women in this age group. It should be noted that, historically, most research on tenure has been limited to male workers. Thus, the finding that many Americans spend much of their mature worklife with the same employer usually refers only to men. Yet, when observations on women are included, this remains true. There also is substantial job stability among older female workers; for example, almost half of women 45 and over in January 1983 had been with their current employer 10 years or more. Moreover, because increasing proportions of women are now permanent members of the work force, the gap in tenure between men and women should begin to narrow.6 T ab le 2. M edian years of tenure w ith current e m ployer for em p lo yed civilians age 25 and over, by occupation and sex, Jan u ary 1983 [Numbers in thousands] Men Median years of tenure Total employed Median years of tenure Total, age 25 and over............. 44,775 6.9 33,766 4.8 Executive, administrative, and managerial......................................... Professional specialty....................... Technicians and related support.......... Sales occupations................................. Administrative support, including cle rica l...................................... 7,040 6,193 1,256 4,845 8.1 7.0 5.2 5.8 3,084 5,493 1,196 3,576 2.506 8.1 10,140 5.0 25 1 ,2 2 0 (1) 7.0 613 159 3Ì5 4.0 2,242 4.1 4,989 4.0 9,251 6.9 701 5.8 3,334 3,084 7.8 6.5 2,740 295 5.8 5.3 1,667 5.6 2 ,1 1 2 1 0 .8 449 329 5.5 7.4 Private household................................. Protective service................................. Service, except private household and protective se rv ic e ............................ Precision production, craft, and repair............................................ Machine operators, assemblers, and inspectors......................................... Transportation and material moving . . Handlers, equipment cleaners, helpers, and laborers....................... Farming, forestry, and fishing............. 5.3 'Rate not computed where base is less than 75,000. 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Occupational tenure and shifts For certain purposes— such as the analysis of earnings differences between groups— it may be more appropriate to focus on the workers’ length of experience in their occu pation rather than on their length of service with their em ployer. Data on time spent in a given occupation— occupational tenure— also were gathered as part of the Jan uary 1983 survey. (See table 3.) As with employer tenure, occupational tenure is closely associated with age. On average, men are also more likely to have spent a longer period of time in the same occupation than are women. White, black, and Hispanic men all had longer occupational tenure than their female counterparts. The longer the attachment with an employer, the less likely the worker is to change occupations. Of the 26 million men and women 25 years and over who had been working for their 1983 employer for 10 years or more, only 658,000 or 2.5 percent, had changed occupations in the preceding year. In contrast, as shown in the following tabulation, nearly 1 of 3 persons working for their 1983 employer for 1 year or less had changed occupations in 1982. Women Total employed Occupation Has tenure been increasing or declining over time? Un fortunately, the question cannot be answered, as the meas urements taken in 1983 are not fully comparable with pre vious ones. Median tenure did turn out to be considerably higher in 1983 than when last measured in 1981— 4.4 versus 3.2 years for workers 16 years and over. Some of the in crease may have reflected the reluctance of workers to change employers during a period of economic downturn, such as that which preceded the January 1983 survey. This reluc tance was shown by the lower proportion of “job leavers” among the unemployed. The sharpening of the 1983 ques tions, as compared with those used in 1981 and previous surveys, also was probably responsible for much of the increase in tenure measurements.7 5.3 4.5 3.5 T e n u re w ith c u rre n t e m p lo y e r E m p lo y e d in J a n u a ry 1982 and J a n u a ry 1983 N um ber T o ta l e m p lo y e e s , 25 y e a rs a n d o v e r . . . . . I y e a r o r less ......... 2 to 4 y e a rs ................ 5 to 9 y e a rs ................ 10 o r m o re y e a rs .. 7 2 ,8 9 7 11,141 1 9,085 16,465 2 6 ,2 0 6 5 ,4 5 7 3 ,6 0 2 647 550 658 C h a n g e d o c c u p a tio n d u rin g p e r io d P ercent 7 .5 3 2 .3 3 .4 3 .3 2 .5 As shown above, about 8 percent of all workers 25 years and over in January 1983 were in occupations different from those held in 1982. Although the proportions of men and women moving into an occupation are similar for most occupations, their actual numbers vary widely. The occupations “ executive, administrative, and man agement” and “ protective service” are two occupations which had a substantially higher proportionate entry by women than by men. The occupational mobility rate— which meas- T ab le 3. O ccupatio nal ten u re of em ployed civilians age 25 and over, w ho w ere em ployed in both January 1982 and Jan u ary 1983, by sex, race, and H ispanic origin [Numbers in thousands] Men Women Men Women Black Hispanic origin1 Men Women Men Women Total, age 25 and over . . . 42,349 30,548 37,875 26,320 3,407 3,419 2,031 1,287 303 2,785 7,058 878 6,949 796 9,529 1,431 298 935 923 1,264 215 507 554 754 135 397 391 365 year or less . . . 2 to 4 years . . . . 5 to 9 years . . . . 10 or more years. 1 White Total Occupational 3,487 3,157 3,086 8.564 8,241 7.388 9,464 8 ,1 2 0 8,424 20,833 11,030 18,978 1lt should be noted that the "Hispanic origin" category is not a racial classification. Persons In this group may appear in the white or black or other racial categories. ures the proportion of workers who were employed both in 1983 and 1982, but in a different occupation8— was 10.9 percent for women versus 6.9 percent for men entering management, and 13.1 percent for women versus 6.4 per cent for men entering protective service. (See table 4.) The high mobility rate for women into management is evidence of continued expanding employment opportunities for women in that occupation. While the absolute numbers are low, entry into protective service for women indicates movement into an occupation that is nontraditional for female workers. Of those persons employed in both January 1982 and 1983 who changed occupations during that period, most moved within the same major occupational group, that is, the move was among very closely related occupations. Such mobility was high, for example, for both men and women in the professions. Women were somewhat more likely than men to make a shift from one major occupational group to another. For example, more than 40 percent of men in executive, ad ministrative, and managerial employment who had changed occupations during 1982-83 had made a shift within the management field, while a relatively high proportion of women who were managers in 1983 had been clerical work ers the previous year. Similarly, a somewhat larger per centage of women in sales in 1983 had been in clerical jobs in 1982. However, more men had made an intraoccupational move within sales during that period than any other type of occupational change. (See table 5.) These differences, how ever, may stem in part from errors made in reporting, re cording, or classifying the data. The rate at which women change occupations has in creased substantially over the past two decades, unlike the situation for men. In 1966, the occupational mobility rate was markedly higher for men than for women. By 1978, and continuing to 1983, the situation was reversed. Over the 1966-83 period, the occupational mobility rate for women 18 and older and not in school increased from 6.8 to 9.9 percent, peaking at 11.7 percent in 1978. Over the same period, the rate for men did not show any definite trend; it rose during the 1970’s but dropped off considerably in the early 1980’s. The largest change over this 18-year period occurred for men and women 20 to 24. (See table 6.) As measured in January 1983, the occupational mobililty rate was slightly higher for Hispanic men than for white men, but considerably higher than for blacks. Black men had the lowest rate in almost every age group. The occu pational mobility rate for black women was lower than those for both Hispanic and white women, and this difference appeared in almost all age groups. A number of “ push” and “ pull” factors are involved in occupational mobility.9 Among the pull factors, for ex ample, are better pay and more appealing work. Push factors would include a forced change because of declining demand in one’s preferred occupation. Much of women’s recent occupational mobility may be attributed to pull factors. These are consistent with women’s strong growth in the labor force, increased educational attainment, some slight im provements in earnings relative to m en,10 and broadened occupational opportunities. In contrast, because male work- T ab le 4. Men and w om en age 25 years and over, em ployed in January 1983, by c urrent o ccupation and em p lo ym en t status in Jan u ary 1982 ______________ _____________________________ _____________________________________ Occupation Men employed in January 1983 Total Changed occupations Number Percent Women employed in January 1983 Women employed in January 1982 and 1983 Total Changed occupations Number Percent 44,775 42,349 3,054 7.2 33,766 30,548 2,403 7.9 7,040 6,193 1,256 4,845 2,506 6,901 6,018 1,198 4,649 2,392 477 304 79 441 219 6.9 5.1 6 .6 2,908 5,112 1,106 3,064 9.358 316 286 77 308 786 10.9 5.6 6.9 9.5 9.2 3,084 5,493 1,196 3,576 10,140 25 18 1,149 2,024 8,573 (1) 74 184 544 (1) 6.4 9.1 6.3 613 159 4,989 701 491 144 4,300 629 30 19 286 46 3,112 2,816 1,492 2,008 289 192 178 73 9.3 2,740 295 449 329 2,489 263 386 299 170 6 .8 21 7.9 11.3 4.7 1 ,2 2 0 2,242 9,251 3,334 3,084 1,667 Farming, forestry, and fishing.......................................................................... Men employed in January 1982 and 1983 2 ,1 1 2 6 .8 11.9 3.6 44 14 1 0 .0 8.4 6 .2 13.1 6 .6 7.4 'Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 MONTHLY LABOR REVIEW October 1984 • Occupational Mobility T a b le 5. O ccupatio nal distribution of em ployed civilians age 25 and over, w ho changed occupations betw een Januarv 1982 and Jan u ary 1983, by sex [Percent distribution] Different occupation in January 1982 Executive, Admin admin Profes Tech istrative nicians istrative, sional support, and special and Sales inclu related Number mana ding ty support (in thou Percent gerial clerical sands) Occupation Handlers, Precision Machine Farm operators, Transpor equip Protec produc ing, Other assem tation and ment tive tion, cleaners, forestry, blers, material service service craft, and helpers, and and moving repair and fishing inspectors laborers Men Total, 25 years and over1 ............. Executive, administrative, and managerial Professional specialty............................... Technicians and related support............... Sales occupations....................................... Administrative support, including clerical 3,054 477 304 79 441 219 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 00 .0 1 00 .0 2,403 316 286 77 308 786 1 0 0 .0 10.1 1 2 .6 1 0 0 .0 1 00 .0 1 00 .0 1 0 0 .0 1 0 0 .0 25.4 8.4 7.8 10.4 9.0 15.1 48.0 14.2 41.4 13.3 1 0 0 .0 3.2 5.0 7.9 11.9 2.4 3.7 10.1 12.5 44.0 15.9 6.9 8.3 1 1 .6 2 0 .0 1 1 .8 1 1 .0 7.9 1 .8 12.3 5.1 6 .6 .6 30.6 7.3 4.3 19.1 9.2 25.0 2.4 .3 12.5 14.1 8.5 4.8 24.3 9.3 34.6 30.3 15.0 40.0 29.5 59.1 2.1 .4 1 .6 5.9 4.6 6.5 7.7 2.3 5.0 18.7 9.7 10.7 17.9 10.3 3.1 .9 1 1 .6 4.0 5.6 17.4 6.1 8.3 27 31 2.9 39 6.7 5.6 1 0 1 8 32 44 7.6 3.0 5 2 J) 2J3 1.1 Women Total, 25 years and over1.............. Executive, administrative, and managerial Professional specialty............................... Technicians and related support............... Sales occupations....................................... Administrative support, including clerical 8 .6 2.4 2.5 5.5 9.9 9.3 6.3 2 .0 1 .6 .3 .7 ___ — .7 .2 12.9 4.1 9.8 25.3 12.5 7.6 1.7 1.9 .1 1 .8 .7 8 .2 1.5 17 1 .0 1 .8 1 1 1 2 6 4.9 3.2 14 7 2 .6 .2 3.0 3.0 .4 1 7 includes other occupations, not shown separately. ers predominated in industries sharply affected by the 198182 recession, some of them may have been pushed, at least temporarily, into occupations with lower earnings and lower status. The factors associated with high occupational mobility generally parallel those given for low job tenure. The con verse is also true. Thus, many mature workers reported both high job tenure and low occupational mobility. The occu pational mobility rate for workers aged 45 and over in 1983 was only 4.0 percent. T ab le 6. O ccupatio nal m obility rates fo r em ployed civilians, by sex and age, 1 9 6 5 -8 3 , selected years [In percent] Occupational mobility rates1 1965-66 1972-73 1977-78 1980-81 1982-83 Men Total, 18 years and o v e r .................. 18 to 19 years............................ 20 to 24 years............................ 25 to 34 years............................ 35 to 44 years............................ 45 to 54 years............................ 55 to 64 years............................ 65 years and over .................... 9.9 31.7 28.5 13.8 7.4 5.2 3.8 2.7 9.2 35.0 25.0 12.4 Total, 18 years and over not in school......................................... 6 .2 8.1 3.5 2 .6 4.5 3.4 31.6 23.8 12.4 7.4 4.4 3.5 1.7 2 .0 1 .6 9.3 29.0 21.3 11.5 6.7 4.8 3.1 1.9 9.8 9.0 11.5 9.9 9.0 6.9 29.0 14.9 8.5 5.3 4.7 2.4 1 2 .0 39.5 22.9 14.4 9.3 5.1 3.6 2.5 11.7 35.8 26.0 2 2 .8 20.1 13.9 8.9 5.8 2.7 1 .8 8.4 32.6 18.9 9.9 6.3 3.3 2.4 2.5 1 .8 11.9 7.8 4.9 3.8 1.4 6 .8 8 .2 11.7 11.4 9.9 1 1 .6 10.1 40.5 27.3 15.5 Women Total, 18 years and o v e r .................. 18 to 19 years............................ 20 to 24 years............................ 25 to 34 years............................ 35 to 44 years............................ 45 to 54 years............................ 55 to 64 years............................ 65 years and over ..................... Total, 18 years and over not in school......................................... 10.1 1Number of persons employed in a different occupation in the prior year as a proportion of the total employed in both years. 22 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Differences in occupational mobility by age are much larger than differences by sex or race or ethnic group. For example, the 22-percent mobility rate for workers 16 to 24 was 15 percentage points higher than the rate for those 35 to 44. Single workers, being generally younger, are more likely to change occupations than their married counterparts. But age has a strong effect on mobility even within the single worker group. More than twice as many single workers between the ages of 18 and 24 had changed occupations during 1982 than those 25 and over (2,050 versus 803). This relationship between age and occupational mobility is similar to that between age and employer change: Youth are far more likely to be occupationally mobile and to shift employers than are adult workers.11 The extensive mobility attributed to American workers applies for the most part to young, not older, workers. ---------- F O O T N O TE S ---------1See Masanori Hashimoto and John Raisian, "Employment Tenure and On-the-Job Training: Firm Size Differences in Japan and the United States,” January 1984; and The N ew York T im es , June 17. 1984, "America’s Astounding Job M achine.” quoting Orley C . Ashenfelter on the high mobility of American versus British workers. For a discussion on occu pational mobility in Britain also see David Metcalf. L ow P ax, O ccu pation al M ob ility, a n d M inim um -W age P o licy in B ritain (American Enterprise In stitute for Public Policy Research, 1981). 2 More detailed data on job tenure and occupational mobility are available from the Office of Employment and Unemployment Statistics, Bureau of Labor Statistics. ?Robert E. Hall, "The Importance of Lifetime Jobs in the U.S. Econ o m y ,” A m erican E con om ic R eview , September 1982. Hall also cites his earlier work based on data for older men from the National Longitudinal Survey of Work Experience, as well as related work, for example, George A. Akerlof and Brian Main (A m erican E conom ic R eview , December 1981) and Kazuo Koike (Japan ese E conom ic Stu dies. Fall 1978). The Koike article (as cited by Hall) concludes that tenure of 15 years or longer is more common in the United States than in Japan. For occupational mobility in Japan, see Herman Kahn, The E m ergin g Japan ese Su perstate, C hallenge a n d R esp o n se (Prentice-Hall, Inc., 1970). Examining employment prac tices o f large companies, such as the “ lifetime contract” made by the employee with the firm, Kahn also notes the high mobility of workers within firms and between firms of a conglomerate, and observes that in terms o f worker mobility the U .S. economy in many ways is much more rigid than the Japanese. 4The retention rate is computed by dividing the percent of workers aged 40 to 44 years with 20 to 24 years of tenure by the percent aged 30 to 34 with 10 to 14 years’ tenure. (It assumes that job tenure at older ages in January 1983 can represent tenure of younger groups as they age over time.) Using similar procedures, Hall (see footnote 3) found that more than half o f all male workers over age 30 are holding jobs which will last more than 20 years. Harvey R. Hamel (M onthly L a b o r R e v ie w , January 1967) also used such procedures but, in addition, his computation allowed for the loss o f workers due to mortality. Hamel found, for example, that 46.9 percent o f men aged 35 to 39 with over 10 years’ service with their 1966 employer could be expected to remain with that employer an addi tional 10 years. 5It should be noted that the “ Hispanic origin” category is not a racial classification. Persons in this group may appear in the white or black or other racial categories. 6 Hall (see footnote 3) observes that while women on average have much shorter job tenure than men, the typical number of jobs held over a lifetime is almost the same. 7The 1983 questions relate specifically to tenure with the worker’s “ em ployer,” whereas the 1981 questions relate to one’s “ jo b .” Because work ers may change jobs without changing employers, the measures are not exactly equivalent. (The relevant question in the 1983 survey was “ How long has . . . been working continuously for the present employer (or as self-employed)?” In previous surveys, the comparable question was “ When did . . . start working at his present job or business?” ) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 Occupational mobility is defined as a change in employment in a “ 3digit” census occupation in January 1983 from the one reported for January 1982. The mobility rate measures the proportion of workers who held the January 1983 occupation, not the proportion leaving the 1982 occupation. Thus, it reflects the percentage of workers in an occupation who come from a different one, not the probability of workers leaving a given oc cupation. The data on occupational mobility (as well as on occupational and job tenure) are subject to certain limitations, such as those stemming from differences in the way respondents report occupations from one year to another, and limitations resulting from retrospective bias. These may result in serious inconsistencies in response, and may lead to overstatements of mobility. Note, too, that because the survey asks for workers’ occupation only in January 1983 and January 1982, any intermediate changes during the year are not included. 9This has been described as such in James J. Byrne, “ Occupational mobility of workers,” M onthly L a b o r R eview , February 1975, pp. 5 3 -5 9 , reprinted as Special Labor Force Report No. 176. Other reports on oc cupational mobility appeared in the M onthly L ab o r R eview of June 1967, December 1979, and September 1982. The last also included a section on job tenure. Other reports on job tenure were published in the M onthly L a b o r R eview of January 1967, September 1969, January 1973, and De cember 1979. These articles were reprinted as Special Labor Force Report No. 84, No. 231. Bulletin 2162, Special Labor Force Report No. 77, No. 112, No. 172, and No. 235. 10See Earl F. Mellor, “ Investigating the differences in weekly earnings of women and m en,” M onthly L a b o r R ev ie w , June 1984, p. 27. " A study of labor mobility during 1940-50 found that job shifts of younger workers were more “ com plex” than those of older workers. A smaller proportion of older than younger workers changed employer, oc cupation, and industry at the same time; and employment shifts o f older workers were more likely to involve only a change of employer. (Gladys L. Palmer, L a b o r M ob ilitv in Six C ities (Social Science Research Council, 1954), p. 63.) A note on communications The Monthly Labor Review welcomes communications that supplement, challenge, or expand on research published in its pages. To be considered for publication, communications should be factual and analytical, not po lemical in tone. Communications should be addressed to the Editor-inChief, Monthly Labor Review, Bureau of Labor Statistics, U.S. Department of Labor, Washington, D.C. 20212. Pay differentials: the case of Japan In Japan, as in the United States, employees investment in human capital cannot fully explain the tendency o f larger firm s to pay higher wages; idiosyncrasies o f the labor market, such as the extensive payment o f bonuses and practices related to lifetime employment, may account fo r much o f the remaining gap Robert E vans , Jr . In a review of industrial relations research conducted during the 1970’s, James G. Scoville writes that, in both Japan and the United States, size-of-firm wage differentials are explained by differences in employees’ human capital.1 However, two recent studies suggest that human capital differences do not completely explain the differentials in this country. Using data for 1979, Wesley Mellow found that wages in firms of 1,000 or more workers were 8 percent greater than those in firms with fewer than 25 workers when a number of factors, including education and experience, were held constant.2 Martin E. Personick and Carl B. Barsky, who studied pay at various experience and responsi bility levels of professional, technical, and clerical occupations, reported size-of-firm differentials for all but 1 of 25 job levels. Typically, these were only for the largest corporations (more than 10,000 employees), where differ entials were 10 to 15 percent for professionals and 20 percent for clerical and technical occupations over pay in firms with 500 or fewer employees.3 If elements of human capital do not completely explain size-of-firm differentials in the United States, is Japan a similar case? This article explores that issue, and suggests Robert Evans, Jr. is Atran Professor of Labor Economics at Brandéis University, Waltham, Mass. 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis an answer based on data from the Chingin Kozo Kihon Tokei Chosa [Wage Structure Survey].4 The employment decision in Japan The model employment relationship in Japan is that of Shushin Koyd [lifetime employment!.5 Under this system, workers are initially employed upon graduation from school. Once a worker is hired, the firm goes to great lengths to provide continuous employment until the individual retires, sometime between the ages of 50 and 60. In return for the understood employer commitment to long tenure, the em ployee is expected to devote himself fully to the firm and to allow management considerable flexibility as to the type and geographical location of work assignments. Remuneration consists of a basic wage, various allow ances, a semiannual bonus, and a number of fringe benefits. The basic wage depends upon the employee’s education, age, and job abilities. It is increased annually based upon decisions made in collective bargaining. The annual increase consists of two parts, one of which recognizes an additional year of service to the firm, new job abilities, and merit, and another that is a general increase in the base wage. Given the employment opportunities and wage patterns faced by the graduating student, what pecuniary variable should be used in making the employment decision? Clearly, it is some subjective assessment of the present value of underlying the estimates relate to individuals whose tenure suggests that they have been continuously employed by the same firm since graduation. Thus, only a few of all possible matched age-tenure pairs are shown, but these represent core groups in the economy. Two distributions are presented, one for monthly wages and one for monthly wages plus one-twelfth of annual bonus payments. Again, the inclusion of bonuses tends to increase the income differences among the three size-of-firm classes, and the benefits of working for the larger firms increase with age and tenure. The pay relatives suggest little in the way of systematic variation by industry, although those for transportation and communications tend to be quite high in smaller firms while those in finance and insurance are comparatively low. The indices of each industry’s differentials were ranked and com pared to rankings by union penetration and proportion of total employment in large firms by industry. Neither com parison indicated any systematic relationship with size-offirm differentials. Except for occupations that require substantial training— airline pilots, construction crafts, and so forth— occupa tional distinctions are weakly, if at all, correlated with wages in Japan. Hence, while table 3 shows significant occupa tional wage differentials by size of firm, these results may be less meaningful than estimates based on other variables. The data in table 2 do suggest that experience with the firm is seen as a specific human capital investment with its own rewards. Yet the greater opportunity to achieve long tenure which characterizes employment in large firms should also be seen as an additional benefit to such employment, unless the individual worker has a positive taste for risk.7 New graduates are quite aware that their prospects for long tenure with a large firm are more promising than with a smaller firm. For example, in 1981, 79.4 percent of all college educated men age 45 to 49 who were employed in firms with 1,000 workers or more had worked 20 or more years for their current employer. The figure for those in firms with 100 to 999 workers was 54.5 percent, and for firms with 10 to 99 workers, it was 31.7 percent. Earnings future earnings with the various firms. Such a present value calculation would incorporate expected growth of the firm relative to the economy, the pattern of wages associated with long tenure, the pattern of wages if tenure is short because of voluntary mobility or the firm’s economic dif ficulties, and so forth. For the observer trying to approximate such individual calculations, the most desirable data would be those on wages and bonuses by worker age, education, and length of service, and, for the question at hand, the size of the employing firm. Fortunately, these data are avail able in the annual Wage Structure Survey. It is thus possible to account for the principal elements of human capital that economists believe are important for wage determination, and to differentiate these among three size-of-firm catego ries. (Of course, the individual graduate also considers other, unquantifiable factors, such as his preference for risk, the prestige of the firm, and subjective probabilities of advance ment, in making the final decision.) Differentials by size of firm Table 1 presents monthly wage and wage-plus-bonus6 relationships by size of firm and by workers’ age and ed ucational attainment for Japanese men who have been con tinuously employed by the same firm. (In 1980, about onefourth of the regular private-sector labor force were em ployed by firms of 1,000 workers or more, and another onefourth were in firms with 100 to 999 employees.) According to the table, compensation is generally less in the smaller companies, regardless of worker age or education. Monthly wages are about the same in the two smaller size classes until workers are in their forties, when those in the mediumsize firms begin to receive more. When bonus payments are included as compensation, the differences between the larg est and smallest firms become more dramatic. In general, the higher the level of education, the larger is the wage gap by size of firm. To more fully illuminate these relationships, table 2 pre sents compensation relatives by industry for broad age cat egories of high school and college educated men. Data T ab le 1. M on thly pay relatives for Japanese m en, by firm size and w o rk e r’s age and educatio nal attainm ent, 1981 [Firms with 1,000+ workers = 100] _______________________________________________________________ College graduates High school graduates Junior high school graduates Worker's age 18— 19 20— 24 25— 29 30— 34 35— 39 40— 44 45— 49 50— 54 10-99 workers 100-999 workers 97 98 106 97 90 96 100 100 94 95 85 77 94 95 85 77 10-99 workers 100-999 workers Note: Data refer to men who have been continuously employed by the same firm, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Wage + bonus Wage Wage + bonus Wage 100-999 workers 10-99 workers Source: 100-999 workers 10-99 workers Wage 100-999 workers 10-99 workers Wage + bonus 100-999 workers 10-99 workers 1981 Wage Structure Survey, vol. Ill, pp. 139-41. 25 MONTHLY LABOR REVIEW October 1984 • Japanese Pay Differentials data for 50- to 54-year-old high school educated men suggest that workers do not have to pay a compensation premium for the greater probability of long tenure: Among those with 30 or more years of tenure, wages plus bonuses in large firms are 17 percent higher than in middle-size firms and 31 percent higher than in small firms, while the comparable figures for similarly aged workers at all levels of tenure are 25 percent and 40 percent. Employment opportunities for women, especially at highlevel jobs and with the major employers, are markedly dif ferent from those for men, although there have been changes toward equality during the postwar years. In particular, men’s wages increase more with age: In 1981, the 50- to 54-yearold high school educated male with 1 to 2 years of firm tenure had a monthly wage that was 56 percent higher than that of a similarly educated 18- to 19-year-old. Among women, the worker ag e-50 to 54 received only 17 percent more than her younger counterpart. Yet, firm-specific tenure appears to be relatively more valuable for older women than for older men. This is probably because women with brief tenure are likely to have been in the labor market for only a short time, which is not typically the case for men. Yet, when the compensation of high school educated workers with at least 30 years’ tenure was compared by size of firm, the patterns for men and women were quite similar. Wom en’s wages plus bonus in firms with 1,000 workers or more were 18 percent higher than in firms with 100 to 999 work ers, and 26 percent higher than in small firms. Again, there is no compensation premium paid by workers for the prob ability of long tenure in larger firms: At ages 50 to 54 for all levels of tenure, wages plus bonus for women in the largest firms were 36 percent higher than in middle-size firms and 44 percent higher than in the smallest firms. Tab le 2. The puzzle It seems clear in Japan, as in the United States, that the standard human capital variables of education and experi ence do not completely explain, if ever they did, size-offirm differentials. In addition, it is evident that the Japanese differential is much larger after age 40 or when bonus income is included. Any explanation, therefore, must be consistent with the age pattern demonstrated and the concentration of the differential in the bonus portion of compensation. It is possible that a more exhaustive test of worker char acteristics would reduce the size of the differential. We know, for example, that the most able students enroll in the very best schools, from which the larger, more successful corporations seek employees.8 Yet it seems unlikely that such difficult-to-measure characteristics of employees could explain wage differentials of the magnitude shown in the tables. Widening differential with age. Some recent studies of compensation by age include variables for implicit con tracts, experience, risk, incentives, and so forth, that may explain the Japanese pattern. One approach incorporating a variety of these concepts was presented in a 1982 article by Milton Harris and Bengt Holmstrom.9 According to the authors, there are four possible reasons why compensation increases with age: a) firms learn about individual abilities and are better able to match workers to jobs; b) workers begin to pay employers lower implicit premiums to guarantee their ability to do acceptable work; c) employees learn productivity-enhancing skills; and d) pay levels are a particularly important means to motivate em ployees in a world of lifetime employment security. The first two of these, while consistent with a general widening M onthly pay relatives by industry and size of firm for selected age and ten u re group s of J a p an ese m en, 1981 [Firms with 1,000+ workers = 100] Age 18 to 191 Industry Wage Age 30 to 342 Wage + bonus Wage Age 35 to 393 Wage + bonus Wage Age 50 to 544 Wage + bonus Wage Wage + bonus 100-999 10-99 100-999 10-99 100-999 10-99 100-999 10-99 100-999 10-99 100-999 10-99 100-999 10-99 100-999 10-99 workers workers workers workers workers workers workers workers workers workers workers workers workers workers workers workers All p riva te .......... 93 89 91 88 91 91 88 84 88 79 84 71 86 79 79 60 M ining..................... Construction.......... Manufacturing . . . . Trade....................... Finance and insurance............. 75 83 77 81 112 90 95 100 86 93 85 82 82 94 70 82 82 114 82 77 78 62 87 95 92 97 93 92 88 102 91 83 90 96 93 92 95 90 111 89 90 93 89 110 94 106 95 74 105 116 93 100 111 99 Real e sta te ............. Services.................. Transportation and communication.......... Utilities..................... 101 124 126 116 102 100 101 91 85 83 95 85 89 87 83 84 90 83 83 90 69 72 67 80 79 76 75 87 76 80 63 85 90 84 91 78 84 92 94 79 93 87 90 70 84 91 88 98 85 80 81 86 92 91 92 116 96 125 92 130 90 110 110 102 102 91 89 85 99 90 94 94 95 80 93 64 87 81 83 63 88 ’ Data for 18- to 19-year-olds are for those withless than 1year of firm tenure, or approximately 59 percent of the total age cohort. 2Data for 30- to 34-year-olds are for those with 10to 14 years oftenure,or about 26 percent of the total cohort. 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 88 84 86 86 88 68 68 101 73 3Data for 35- to 39-year-olds are for those with 10 to 14 years of tenure, or about 50 percent of the total cohort. 4Data for 50- to 54-year-olds are for those with 25 to 29 years of tenure, or about 38 percent of the total cohort. Tab le 3. M on thly pay relatives by o ccupation and size of th e em p lo yin g firm fo r Japanese m en age 35 to 39 w ith 10 to 14 years of tenure, 1981 [Firms with 1,000+ workers = 100] Occupation Department head.................. Section head.......................... Systems engineer............... Programmer.......................... Chauffeur............................... Truck d rive r.......................... Guard.................................... Chemical reaction worker . . Metal press operator.......... Crane operator..................... Lathe o p e ra tor..................... Machine assem bler............. Mechanical draftsman.......... Auto assembler..................... Retail sales (except department stores).......... 10--99 workers 100--999 workers Wage 92 79 Wage + bonus Wage Wage + bonus 86 _ _ — — 82 86 101 74 84 97 87 86 90 73 97 89 66 86 95 77 88 87 67 92 80 95 84 64 90 76 89 73 106 96 85 104 93 92 94 93 91 91 91 92 88 100 95 82 85 85 89 78 87 80 87 78 86 of the wage differentials over time, do not imply a rapid shift after the age of 40. The second two appear to be more relevant. In the larger firms, there is more physical capital per worker, which could yield greater productivity, and thus justify higher wages. It also is probable that the interaction of higher quality employees with similar employees and with higher levels of physical capital generates greater increases in human capital in the larger firms. The development of productivity enhancing skills with additional tenure may well be an important element in the ability of large firms to pay high wages. Indeed, in the context of a technologyspecific skills model, Hong Tan has argued that such gains over a working life are key determinants of Japanese wage patterns.10 A somewhat similar argument was made by Kazuo Koike, who hypothesized that the more developed sys tem of internal training in large firms provides a greater range of technologically related positions than is true in smaller firms, which in turn contributes to wage differentials by size of firm." However, even if enhanced skills are an important factor, there remains the problem of timing. Why should so much of the differential be concentrated in the years after age 40? The last element, motivational allowances, may best ex plain the time pattern.12 As is well known by the organizers of games of chance, large prizes and prizes that are ever in the future seem to have disproportionate power to motivate participants when compared to their discounted value. Many of the new employees in major Japanese firms will not be there to collect their “ prize” at older ages, but the promise of greater compensation is a constant motivating factor. Thus, the firm saves money compared to paying an annual motivational allowance to each employee. In a sense, the firm also has received an interest-free loan from the em ployee, who has tacitly agreed to defer a portion of com pensation to later worklife. In a rapidly growing economy, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis such an arrangement is highly advantageous to the firm, but even in less dynamic times an interest-free loan has value. Japanese institutions. There are two institutional factors unique to Japan which also have significantly affected the time pattern of the differential and its size. The concept of a living wage based upon family needs has long been im portant in Japan.13 It is rooted in the nation’s history, but has become more prominent since World War I, and par ticularly since the economic difficulties of the post-World War II years. The concept provides that wages should in crease over a worker’s life to accommodate marriage, the birth of children, the high costs of private college, and savings for early retirement from the primary employer. The latter two factors would suggest significant wage increases after the age of 40. The second institutional consideration is that the nature of the large corporation in postwar Japan is quite different than in prewar years. Formerly, corporations were uniquely capitalistic, owned and controlled by wealthy individuals. However, share ownership in postwar Japan has tended to be diluted into the hands of other firms and banks. There is a high proportion of capital in the form of loans and internally generated funds, and an almost complete absence of outside directors. These changes, in conjunction with Japanese historical patterns and moral visions, have per suaded many scholars that today’s large firms are essentially collectives of employees who hire high risk-high gain capital from shareholders and low risk-fixed gain capital from banks. If the assumption that the Japanese corporation is a collective of employees which hires capital rather than a collective of owners of capital which hires workers (including senior managers) is valid, it is hardly surprising that economic rents are shared among the members of the collective— the employees.14 The extensive use of bonus payments as the mechanism to pay out significant portions of the higher income received by employees in large firms is more complicated to explain. The payment of a semiannual bonus is a very old Japanese practice which was intended to provide ^employees with sufficient funds to meet the extra needs associated with cer tain cultural and religious practices. The bonus also served to provide a measure of equity and motivation in the form of profit sharing. However, with the democratization of employment in the postwar years, a significant bonus, which to an extent had been reserved for white-collar and man agement employees, was extended to all workers.15 While extensively used by all Japanese employers, the bonus tends to be relatively larger in the larger firms, while smaller firms compete for labor on the basis of regular monthly wages. The emphasis small firms give to wages as opposed to bonuses seems to be attributable to two factors: First, the firm wants to provide a monthly wage to cover the necessities of life, and second, a somewhat less rosy employment future gives any “ promised” bonus made by 27 MONTHLY LABOR REVIEW October 1984 • Japanese Pay Differentials a smaller employer less value than an equivalent promise by a large employer. Consequently, one would expect that smaller firms would first meet competitive levels in monthly wages, and only later meet those of the bonus. Tab le 5. M edian and in terqu artile range of current-dollar m o n th ly w ages in m anufacturing for m ale production w o rkers age 35 to 39, by size of firm , selected years [In thou sands of yen] 1,000 + workers Patterns over time Year There is no simple measure of the degree of wage dif ference by size of firm because the wage ratios between alternative matched pairs do not all move together. To de scribe movements over time, I chose to examine wages for 35- to 39-year-old male high school graduates with 15 to 19 years of tenure who worked as production workers in manufacturing (table 4). In addition, data on wage disper sion are provided for selected years (table 5). According to table 4, size-of-firm differentials that were quite wide in 1955 closed somewhat, reaching near equality in 1964. The 1960’s were a period of generally tightening differentials as the labor market became much more competitive, and the productivity levels of small firms approached those of large firms.16 After 1967, the differential gradually widened until a second period of near equality occurred during the oilshock years 1973-74. This second narrowing was undoubt edly related to inflation,17 for employment growth in man ufacturing had leveled off, turning negative by 1972. The estimates in table 4, which have been standardized for industry, general type of work, age, sex, education, and firm tenure, suggest that size-of-firm wage differentials have remained relatively constant since 1975. However, the fig ures in table 5, which exclude bonuses and include data for Tab le 4. T rends in pay re la tiv e s 1 by size of firm , 1 9 5 5 -8 1 [Firm s w ith 1 ,0 0 0 + em ployees = 100 ] Wage Wage + bonus Year 100-999 workers 10-99 workers 100-999 workers 1981............................ 1980............................ 1979............................ 1978............................ 1977............................ 1976............................ 1975............................ 94 92 95 96 96 95 96 91 92 91 93 93 94 93 95 1974 ............................ 1973............................ 1972............................ 1971............................ 1970............................ 1969............................ 1968............................ 100 1967............................ 1966............................ 1965............................ 1964............................ 1961............................ I9602 .......................... 19553 .......................... 97 97 95 99 93 96 105 98 93 92 91 92 86 88 91 91 90 90 89 90 94 10-99 workers 86 81 84 84 84 82 83 100 86 83 104 96 93 93 86 88 82 89 90 82 80 79 79 75 95 95 94 93 80 80 95 93 92 87 85 83 88 86 66 101 — — '- _ _ _ _ 1Data are for male production workers in manufacturing who had at least a high school education, and who were age 35 to 39 with 15 to 19 years of tenure in the reference year. 2Data are for all 35- to 39-year-old male blue-collar high school graduates, regardless of tenure. 3Data are for all high school educated men with 15 to 19 years of tenure, regardless of age. In 1955, data were available for five employment size categories. The differentials shown here were estimated from the differentials of component size categories weighted by the number of employees in each. 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1954 1960 1967 1974 1981 Median 2 2 .6 31.6 54.0 131.3 214.8 Interquar tile range .40 .44 .32 .22 .20 100- 999 workers 10-99 workers Median Interquar tile range Median Interquar tile fange 18.6 25.3 45.6 121.7 197.9 .51 .49 .63 .30 .25 13.7 19.4 40.0 109.9 190.7 .57 .71 .48 .37 .30 N o t e : The interquartile range, a common measure of dispersion, is the difference between the highest wage observation for the bottom 25 percent of the workers and the lowest observation for the top 25 percent. workers at all levels of education and years of firm tenure, show a continuing narrowing of the dispersion of wages within the three size classes. Both tables imply that there has been a greater narrowing of differences between firms of 10 to 99 employees and those with 100 to 999 employees than between the latter and firms of 1,000 and more em ployees. A comparison with the United States Recent estimates of size-of-firm differentials in the United States, cited earlier, permit some limited comparisons. Wes ley Mellow’s estimate of an 8-percent pay advantage in firms of 1,000 workers or more over firms with fewer than 25 employees appears relatively modest compared to most of the differentials for Japanese men shown in tables 1 and 2. In the United States, as in Japan, the large-firm differential was greater when specific firm tenure was not considered, and the differential existed across all major industries, al though the U.S. differential appeared to be greater in man ufacturing than in nonmanufacturing. Personick and Barsky’s study of professional, technical, and clerical occupations revealed as typical 10-to 15-percent differentials for professionals and a 20-percent gap for cler ical and technical occupations between firms of 10,000 or more employees and those with 500 or fewer employees. Although these estimates are for quite different firm-size classes, they do approximate the differentials reported in table 1 for younger Japanese high school and college grad uates, but they are smaller than those for older college educated males. Interestingly, the U.S. size-of-firm differ ential seemed to be larger for workers with less than a college education. Also, the U.S. differentials were larger for entry-level positions than for higher levels of experience. Again, this is the opposite of the Japanese case, in which differentials widen at older ages. These differences between the two countries are consistent with a situation in which large firms pay above-market prices in order to pick and choose among applicants whose employment potential has not yet been established, but in which one economy em braces the norm of continuous tenure from graduation while the other anticipates considerable interfirm mobility at young er ages. □ F O O T N O TE S ‘ James G. Scoville, “ A Review of International and Comparative Re search in the 1970’s , ” in Thomas A. Kochan, Daniel J. B. Mitchel, and Lee Dyer, ed s., In d u stria l R ela tio n s R esea rch in the 1 9 7 0 ’s: R eview an d A p p ra isa l (Madison, W is., Industrial Relations Research Association, 1982), p. 25. 2 W esley M ellow, “ Employer Size and W ages,” R eview o f E con om ics are bargained and expressed in monthly-wage equivalents, the average number o f months of bonus for a given sex, age, education level, and size of firm times the monthly wage at the relevant tenure level divided by 12 has been added to the average monthly wage to obtain estimates o f the monthly wage plus bonus. 3 Martin E. Personick and Carl B. Barsky, “ White-collar pay levels linked to corporate work force siz e,” M onthly L a b o r R e v ie w , May 1982, pp. 2 4 -2 6 . 7 No doubt there are today some combinations o f equity participation and employee compensation in small firms which will ultimately provide more income than a slow but steady progression in a large firm. The key would be to know which small firm in 1981 is the Sony or Honda o f the future. 4 Published since 1954 and annually since 1964 by the Japanese Ministry o f Labor. “Shigemi Wakamatsu, “ Foreign Firms Compete for Local Talent in Japan,” The A sian W all S treet Journal, Apr. 27, 1983, p. 8. a n d S ta tistic s , August 1982, pp. 49 5 -5 0 1 . 5 Ever since James Abbeglen coined the phrase “ lifetime commitment” (translated into Japanese as shushin koyd and then retranslated as lifetime employment), there has been a lively debate over the nature and extent of this system. Recently, the tendency has been to downplay the significance o f lifetime employment for the Japanese economy; given the early ages of mandatory retirement (currently 55 to 60 years), the higher levels of mo bility among those who work for smaller firms, and so forth, few individuals literally spend their entire working lives with a single employer. However, the impact o f shushin k o yd should not be measured by the proportion of workers who do spend their entire lives in the employ of one firm. Perhaps the most important role of the system is to promote a concept of mutual commitment between employers and their workers that dominates the Jap anese labor market and shapes practices even for those workers (including most women) who are not beneficiaries of the benefits which the system provides to workers more directly involved. 6 In Japan, wages (including any overtime payments) are paid on a monthly basis, and that is the wage concept used in this study. In a world o f continuous employment, hours of work for full-time workers are a condition o f employment and not a variable which should be divided into wages. Use o f average hourly rates would only expand the differences reported here: In 1981, average monthly hours worked by male employees were 197 in firms o f 1,000 workers or more, 200 in firms of 100 to 999 workers, and 210 in firms of 10 to 99 workers. Middle school graduates worked more hours than did high school graduates, who worked more hours than college graduates, and for each educational level, the larger the firm, the fewer the hours. The bonus data (technically special payments, of which bonuses are the principal part) for table 2 are available by sex, age, educational attainment, and size o f employing firm, but not by length of tenure. Because bonuses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ^Milton Harris and Bengt Holmstrom, “ A Theory of Wage Dynam ics,” R eview o f E con om ics a n d S ta tistics, July 1982, pp. 315 -3 3 . l0Hon W. Tan, “ Wage Determination in Japanese Manufacturing: A Review of Recent Literature,” E con om ic R eco rd , March 1982, pp. 5 6 57. "K uzuo Koike, “ Workers in Small Firms and Women in Industry,” in Taishiro Shirai, ed ., C on tem porary Industrial R elation s in Japan (Mad ison, University o f Wisconsin Press, 1983), pp. 99-1 0 0 . I2Edward P. Lazear makes a similar point in “ Agency, Earnings Pro files, Productivity and Hours Restrictions,” A m erican E conom ic R eview , September 1981, p. 618. l3Naornichi Funahashi, “ The Industrial Reward System ,” in Kazuo Okochi and others, eds. W orkers a n d E m ployers in Japan (Tokyo, Uni versity of Tokyo Press, 1974), p. 362. l4Kenichi Ohmae, The M in d o f the S tra teg ist (New York, McGrawHill, 1982), p. 219; Naoto Sasaki, M anagem en t a n d Industrial Structure in Japan (London, Oxford-Pergamon Press, 1981), p. 63; and Gene Gre gory, “ The Logic of Japanese Enterprise,” a paper presented at the In ternational Productivity Symposium, Tokyo, May 1983, p. 38. 15 For a history of the development of the bonus system, see Koji Taira, E con om ic D evelo p m en t a n d the L abor M arket in Japan (New York, Co lumbia University Press, 1971). l6Taishiro Shirai and Haruo Shimada, “ Japan,” in John T. Dunlop and Walter Galenson, eds., L a b o r in the Tw entieth C entury (New York, Ac ademic Press, 1978), p. 307. l7The impact of inflation on differentials is discussed in Robert Evans, Jr., “ Wage Differentials, Excess Demand for Labor and Inflation: A Note,” R eview o f E con om ics a n d S ta tistics, February 1963, pp. 9 5 -9 8 . 29 A comparison of youth unemployment in Australia and the United States Once remarkably low, youth joblessness in Australia has risen steadily with recession and the end o f the long postwar period o f labor scarcity; recent unemployment rates rival the high rates among U.S. youth A llan B orowski Neither Australia nor the United States has escaped the international “ unemployment plague.” In common with the other industrialized countries in the Organization for Eco nomic Cooperation and Development area (the most notable exception being Japan), Australia and the United States are experiencing high rates of overall and youth unemployment. This article examines the comparative labor market situation of youth in both countries. It also reviews the most frequent explanations of the causes of youth unemployment, which relate to high labor costs, demography, and the general economic situation. Youth unemployment rates are affected by the overall job market. Thus, the emergence of youth unemployment as a major problem in Australia and its growing seriousness in the United States cannot be understood independently of the general growth in unemployment. Overall unemployment The beginning of the world economic recession in 1974, precipitated by steep price rises for Middle East oil in late 1973, marked the collapse of full employment in Australia and a deterioration in labor market conditions in the United States. Indeed, the world recession adversely affected the labor markets of virtually all of the industrialized nations. Allan Borowski is a lecturer, Department of Social Work, La Trobe Uni versity, Bundoora, Victoria, Australia. 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis By the end of 1981, the unemployment rate in the United Kingdom had reached 10.6 percent, the highest in the West ern world. At the same time, the unemployment rate was 8.5 percent in Italy, 7.6 percent in the United States and Canada, 7.3 percent in France, 4.8 percent in Germany, and 2.2 percent in Japan.1 The Australian unemployment rate stood at 6.3 per cent2— a relatively moderate rate compared with the Amer ican rate and prevailing international rates. With rare exceptions, these rates represented the highest incidence of unemployment in each country since World War II and the highest absolute number of unemployed workers since the Great Depression of the 1930’s. Recently, the progressive economic decline that began in 1974 accelerated quite sharply in Australia. Domestic de mand flattened out in the fourth quarter of 1981 and began to deteriorate in the first half of 1982. The 3 previous years had seen some economic growth spurred on by investment in the mining and basic metal industries. The recent decline in the Australian economy has been such that in the first quarter of 1983 real gross nonfarm product— the measure of the industrial sector of the economy— represented the poorest economic performance in 8 years. The recent accelerated decline of the Australian economy and the 1981-82 U.S. economic recession have led to siz able increases in the unemployment rate over a very brief period. The seasonally adjusted U.S. unemployment rate reached a 42-year peak of 10.7 percent in December 1982,3 while the Australian unemployment rate peaked at 10.3 percent in March 1983.4 These unemployment rates rep resented 12,036,000 unemployed Americans out of a total labor force of 112,794,000 and 714,000 unemployed Aus tralians out of a labor force of 6,950,000. There was modest improvement in Australia toward the end of 1983, but in January 1984 unemployment again stood at 10.3 percent. By May 1984, however, the overall un employment rate (the most recent figure) was approximately 9 percent. By contrast, the U.S. unemployment rate has been slowly declining since January 1983 and by May 1984 had reached 7.5 percent. Although Australia’s 1983 unemployment rate was only marginally higher than that of the United States, the Aus tralian rate represents a relatively more serious problem to that country. Even prior to the world economic recession, U.S. unemployment rates were high compared with Aus tralia’s. Rates in excess of 5 percent were experienced in 1949-50, 1954, 1958-64, 1971-72 and in each year since 1974.5 In contrast, Australia’s past employment perfor mance has been impressive. At the end of 1950, the un employment rate stood at 0.2 percent— the all-time low. Between 1945 and 1973, it exceeded 2 percent only in the recession years of 1952-53, 1960-62, and 1972. During most of this period, the labor force grew rapidly and the unemployment rate averaged between 1 and 1.5 percent.6 Indeed, for more than 25 years following World War II, Australia’s manpower problems were defined as labor short ages and the solution was massive immigration. For two decades, immigration contributed 40 percent of the annual growth in the Australian labor force.7 In view of Australia’s postwar experience of nearly un interrupted full employment, the labor market situation since 1974 represents a much more severe and rapid deterioration than that of comparable Western economies. Bettina Cass wrote in 1981 that Australian figures show a steeper decline in the rate of growth of employment and a higher rate of growth in unemployment in comparison with, for example, the United States and West Germany.8 Labor force surveys Australian and U.S. labor force survey data can be com pared because the survey methods are similar: they are a central component of monthly population surveys involving interviews with members of a sample of representative households. The Australian population survey covers more than 33,000 households, while the U.S. sample survey cov ers approximately 60,000 households. The definition of the labor force is fundamental to any labor force survey. Comparison between the labor force data of the two countries is facilitated by the similarity in the definitions of employed and unemployed persons, defini tions which conform to the international standard definitions specified by the International Labor Organization. Revisions of the ilo definitions in 1982 specified that student job https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis seekers should be classified as unemployed. However, even prior to 1982, the labor force survey data of Australia and the United States were comparable. This is because both countries departed from the practice of most others by in cluding in their unemployment figures unemployed teen agers in full-time education who sought jobs during the school year.9 However, there are some differences between the defi nitions used in the labor force surveys. Although nominally covering all teenagers from age 15 to 19, the Australian data effectively cover 15- to 17-year-olds only. This is be cause the definition of students relates only to those enrolled full time at regular secondary schools, which few 18- or 19-year-olds attend. Excluded from the student work force figures are persons enrolled at colleges, universities, and trade and business schools. Because of these exclusions, as well as the exclusion of part-time students, the Australian proportion of the teenage student labor force is understated, compared with the U.S. measure. Also, there is a difference between the two countries with regard to the lower limit of the youth segment of the labor force captured by the labor force surveys. The lower age limit is generally considered to be the age at which com pulsory schooling ends and the age at which teenagers may enter the labor market on a full-time basis. This lower age limit is 15 in Australia and 16 in the United States. However, both countries define the upper age limit of the youth labor force as 24 years of age. Composition of the youth labor force The labor force activity of students features prominently in American analyses of the dimensions of youth unem p lo y m e n t. A r e c e n t in te rn a tio n a l s tu d y o f u n e m p lo y m e n t observed that the working student is very much an American phenomenon, whereas young workers or jobseekers in other countries are mainly out-of-school youth.10 In 1979, nearly 45 percent of U.S. teenage students held a job and, between 1967 and 1977, student labor force participation rates in creased by about 5 percentage points for male teens and 13 percentage points for female teens.11 Yet the observation made by the international study is less true of Australia today than it was a decade ago. Aus tralia experienced considerable growth in part-time youth employment during the 1970’s and a substantial part was accounted for by the rising proportion of full-time students who were in the labor force— from 5 percent in 1971 to 27 percent in 1981.12 Students manifest a particular proclivity to frequently en ter and exit the labor force because, as noted, they are typically employed in part-time (often casual) jobs. Con sequently, student unemployment tends to magnify overall youth unemployment rates. Thus, while there appears to be a gradual confluence in Australian and American trends with regard to student labor activity, the higher U.S. student participation rate exerts a stronger upward pressure on youth 31 MONTHLY LABOR REVIEW October 1984 • Youth Unemployment in Australia unemployment rates than does the comparatively lower Aus tralian student participation rate. Most countries have certain groups within the labor force that are more prone to unemployment than others. In the United States, blacks and Hispanics have fared far worse in the labor market than whites. Consequently, racial-ethnic distinctions characterize American labor force surveys. In contrast, the composition of the Australian labor force is primarily differentiated in terms of socioeconomic status. Thus, given the differences in the composition of the Aus tralian and U.S. labor forces, youth unemployment is de scribed only in terms of the common dimensions of sex and age. Youth unemployment rates by age and sex Australian youth unemployment rates have steadily in creased over the last decade or so. While youth unemploy ment rates hovered around 3 percent between the mid-1960’s and early 1970’s, 1974 marked a turning point. In that year, the youth unemployment rate reached 4.9 percent and grew steadily in succeeding years— 9.7 percent in 1975, 10 per cent in 1976, 12 percent in 1977, 12.6 percent in 1978, and 13 percent in 1979. U.S. youth unemployment rates also rose with the onset of the world economic recession, in creasing by 4.3 points between 1974 and 1975 alone to 16.1 percent. The balance of the 1970’s witnessed a slow decline in U.S. unemployment rates, but the 1979 rate of 11.7 percent was still as high as the 1974 rate.13 The turn of the decade saw the continued growth in Aus tralian youth unemployment and a reversal of the slow de cline in U.S. youth unemployment rates to the high levels reached in both countries by March 1983. (See table 1.) The absolute numbers of unemployed Australian youth translate into youth unemployment rates of 24.3 percent for teenagers, 15.4 percent for young adults, and 19.1 percent for the youth segment of the labor force as a whole. The corresponding unemployment rates for the United States are 23.5 percent, 15.4 percent, and 18.1 percent. Clearly, teen agers in both countries are experiencing unemployment lev els well in excess of young adult levels. The male youth unemployment rate is higher than the female rate in both Australia (19.8 percent compared with T ab le 1. Youth unem ploym ent rates in A ustralia and the U nited S tates by age and sex, M arch 1983, seasonally adjusted [In percent] Australia Age All y o u th ....................... Teenagers1 ............... Young adults2 .......... United States Men Women Both sexes Men Women Both sexes 19.8 23.2 17.6 18.3 25.6 12.5 19.1 24.3 15.4 19.5 25.2 16.6 16.6 21.5 14.1 18.1 23.5 15.4 11ncludes persons who are 15 to 19 years old in Australia and those who are 16 to 19 years old in the United States, includes persons 20 to 24 years old for both countries. 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18.3 percent) and the United States (19.5 percent compared with 16.6 percent). However, when the male and female youth unemployment rates are further disaggregated by age (teenagers versus young adults), the Australian data indicate that the apparent labor market advantage of female youth is confined to the 20- to 24-year-old age group. Thus, for 15- to 19-year-olds the male unemployment rate was 23.2 percent while the female rate was 25.6 percent. This pattern is reversed in the 20- to 24-year-old age group where the male unemployment rate is 17.6 percent and the female rate is 12.5 percent. In the United States, female teenagers and female young adults fared better in the labor market than their male counterparts. Thus, the male teenage unemploy ment rate was 25.3 percent and the female rate was 21.5 percent while those for young adults were 16.6 percent (male) and 14.1 percent (female). The figures on the incidence of youth unemployment in Australia and the United States underscore the gravity of the problem in both countries. Indeed, both are experiencing youth unemployment rates that are 2 to 3 times higher than adult unemployment rates. Part of this differential is because of the higher job mobility of students and of youth in gen eral. Further, youth account for an acutely disproportionate share of the unemployed labor force— 50.4 percent in Aus tralia and 37 percent in the United States in March 1983.14 As in 1980, Australia still probably shares with Britain and Italy the dubious distinction of having the highest propor tions of youth among the unemployed in the Western in dustrialized countries.15 Discouraged workers The unemployment figures cited so far in this article ac tually understate the extent of the unemployment problem. This is because they exclude the individuals of working age who have been discouraged from seeking work because they believe there is none to be found. Data on discouraged workers are gathered by Australia and the United States. Questions dealing with these workers were first included in the Australian labor force surveys in 1975 and data are collected twice a year— in March and September. U.S. data on discouraged workers, gathered on a quarterly basis, were first published in 1969. Both labor force surveys use similar definitions of the discouraged worker, namely, unemployed persons who want a job but are not actively seeking work because they believe there is none to be found for any of the following rea sons: (1) no jobs in their locality or line of work; (2) lack the necessary training, skill, or experience; (3) considered by employers to be either too young or too old; and (4) have personal or social handicaps such as language or racial difficulties. In both countries, changes in the number of discouraged workers have generally paralleled cyclical changes in the overall unemployment rate.16 In March 1983, there were 113,200 discouraged workers in Australia who represented 15.5 percent of all unemployed persons.17 At the same time, there were 1,871,000 discouraged U.S. workers.18 The pro portion of discouraged workers among America’s unem ployed was the same as Australia’s. American labor force surveys have shown large numbers of discouraged teenagers and young adults.19 This contrasts markedly with the Australian situation. Thus, in March 1983, there were slightly more than a half million discouraged youthful workers in the United States, and they represented 11.6 percent of the approximately 4.5 million out-of-work American youth. Discouraged youthful Australian workers totaled a modest 15,800 or 4.4 percent of Australia’s outof-work youth. Labor costs The cost of youthful labor has been advanced as an ex planation of rising youth unemployment in the two coun tries. Although the theoretical foundations and posited effects are similar, American analysts have focused upon the price of youthful (mainly teenage) labor relative to the market clearing wage, while Australian analysts have focused upon youths’ wages in direct relation to adults’ wages. The rea sons for this difference are twofold: first, the institutional mechanisms for the determination of youth’s wages differ in the two countries and, second, the trend in the ratio of youth wages relative to adult wages in Australia is opposite to that of the U.S. trend. The United States and Australia, among other countries, have minimum wage laws. The United States passed its minimum-wage legislation in 1938 as part of the Fair Labor Standards Act. With the exception of an exemption intro duced in 1961 permitting full-time students to be hired at a s u b m i n i m u m w a g e of 85 p e r c e n t of th e b a s i c m i n i m u m w a g e (the Student Certification Program), a uniform minimum wage prevails. In contrast, the institutional mechanism for establishing wage levels (and some other working condi tions) in Australia is the industrial tribunal. There are many Federal and State tribunals in that country covering a di versity of occupations and industries. The tribunals pre scribe minimum, or “ award,” wages for “ juniors” (that is, teenagers). Award wages for juniors are based on vague notions of need in relation to the cost of living and the work value of juniors in comparison with adults. However, in the main, they tend to vary according to changes in adult award wages. There are currently several thousand awards in ex istence.20 United States. The issue of the minimum wage has as sumed considerable importance in discussions of youth un employment in the United States because of the supposed negative correlation that exists between the level of the minimum wage and the level of employment of young peo ple in minimum-wage jobs where they are disproportion ately represented— 44.2 percent of 16- to 19-year-olds in 1980.21 In the standard competitive model, a minimum wage, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis if it is to be effective in achieving any of its goals, must be established above the market-clearing wage leading firms to reduce the quantity of (demand for) labor. In view of their disproportionate representation among minimum-wage employees, teenagers are thought to be particularly vulner able to minimum-wage hikes. The minimum wage, however, can also affect the supply of labor: an increase in the going price of labor consequent to an increase in the minimum wage may produce a positive response on the supply side if the supply of labor is posi tively sloped,22 that is, low-wage workers may be attracted to reenter the labor market in search of the higher remu neration represented by the improved minimum-wage level. In accounting for youth unemployment, analysts assume that the unemployment effects of a hike in the minimum wage (a decrease in the demand for youthful labor) will be stronger than the employment effect (an increase in the supply of labor) leading to an overall net reduction in employment. Based on available studies of the effect of the minimum wage,23 it would appear that while the minimum wage has been argued as a primary cause of youth unemployment in the United States, empirical evidence suggests that its con tribution to youth unemployment is small. Clearly, the min imum wage is unable to account for the bulk of U.S. youth unemployment. Australia. In Australia, the relationship of youth wages to adult wages has been seen as an important cause of youth unemployment. During the 1970’s, Australia experienced tremendous upward pressure on wages and salaries in gen eral. Many analysts have asserted that this produced a sit uation referred to in Australia as “ wage overhang,” which arises when earnings increases outpace productivity gains. This results in a rise in the cost of labor relative to the cost of capital, which serves as a disincentive to the use of labor as a factor of production. The high cost of labor is viewed by many Australians as a major cause of their country’s high overall unemployment and inflation rates. While young and older workers alike benefited from the improved wage levels in Australia, analysts have argued that the young worker benefited more. The progressive in crease in youth unemployment since 1974 has been directly attributed to the higher price of young labor. Thus, em ployers tended to hire adult workers in preference to youth who could command similar wages. By contrast, between 1967 and 1977, American youth experienced a decrease in their wages relative to adult wages despite upward adjustments in the minimum wage. Drawing on traditional supply-and-demand analysis, Richard B. Freeman and David A. Wise argue that the downward trend in youth wages relative to adult wages was the product of the increasing proportion of youth in the population.24 Just as the evidence provided by American studies on the impact of the minimum wage on youth unemployment is mixed, so is the evidence provided by Australian studies. 33 MONTHLY LABOR REVIEW October 1984 • Youth Unemployment in Australia With regard to the trend in youth-adult w^ge relationships, one study found that youths’ wages relative to adults’ wages remained virtually static between 1966 and 197625 while another, focusing upon individual industries, found that wages in some jobs in a small number of industries had risen.26 Perhaps the most comprehensive study of the relationship between youth wages and employment was recently released by the Australian Bureau of Labor Market Research.27 The Australian Bureau’s study, which drew on the most current data available, found that a sudden compression in the wage spread between youth (juniors) and adults occurred during 1972 and 1975. Indeed, the compression in wages largely occurred before the onset of the recession in 1974. Junior award wages rose by 8 percent relative to those of adults between early 1972 and mid-1974, and both sexes experi enced similar compressions in junior-adult wages. The compression was greatest for the youngest juniors (for ex ample, a 13.6-percent compression for 17-year-olds), and declined with increasing age so that 20-year-olds experi enced the least compression (5.2 percent). Market forces played some role in the compression in junior and adult wages between 1972 and 1974. While the economic forces of demand and supply have led to a downward trend in the wages of American youth relative to adult wages, these forces have failed to reverse the wage compression in Aus tralia in the period since 1974. What has been the impact of changes in youth-adult wages on the demand for and supply of youth labor? When the sudden compression in wage spreads between juniors and adults occurred, the youth labor force participation rate re mained high while the youth unemployment rate steadily grew. But the Australian evidence on the precise influence of wages on youth labor demand and supply is sparse. In reviewing the few earlier studies, the Australian Bureau of Labor Market Research found analytical deficiencies. The Bureau then undertook further research of its own and found that increases in youth wages relative to those of adults decreased employment and increased labor supply, thereby adding to unemployment. While youth unemployment levels rose, the Australian Bureau was unable to precisely quantify the magnitude of the effect.28 Demography A popular explanation for youth unemployment is the post-World War II baby boom experienced in both Australia and the United States. Analysts have asserted that the baby boom led to a bulge in the size of the youth population from the late 1950’s to the early 1960’s, and continuing into the 1970’s. The surge in the youthful population, together with increased labor force participation by the young, resulted in supply exceeding demand and, other things being equal, higher youth unemployment rates. In Australia, the youth population grew rapidly. During 1966-82, the teenage population grew by approximately 22 percent and the young adult population grew by about 52 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis percent, while the civilian population age 15 years or more grew by 39 percent.29 However, Australian analysts have shown that the growth in the number of young people of working age arising from the baby boom had largely ceased well before the commencement of the recession in 1974.30 Between 1976 and 1982, the male teenage population grew by only 3.7 percent and the female teenage population, by 1.3 percent,31 suggesting that the labor market difficulties of teenagers in recent years have been less than they oth erwise would have experienced had their population num bers continued to grow at earlier rates. The United States also experienced a steady increase in the proportion of youth in the working-age population— from about 20 percent in the late 1950’s to about 27 percent by the mid-1970’s. The Congressional Budget Office esti mated that the youth population bulge added perhaps 4 per centage points to the teenage unemployment rate and 1 percentage point to the unemployment rate for 20- to 24year-olds. However, by the mid-1970’s, the decline in the proportion of teenagers in the American population had already begun and in 1980, the decrease in 20- to 24-yearolds began.32 A surge in the size of the youth population of working age does not completely translate into an equivalent increase in the size of the youth labor force because not all workingage youth are either working or seeking employment. Over the last two decades, a higher proportion of Australian youth has entered the labor market than that of American youth; indeed, the only country with consistently higher youth par ticipation rates than Australia is Great Britain. Relative to the United States, Australian youth participation rates have been historically high and have fluctuated by only a few percentage points. In contrast, U.S. teenagers and young adults have had progressively increasing rates over most of the past two decades. Thus, between 1960 and 1980, Amer ican youth participation rates rose by almost 12 percent from 56 to 68 percent. Over a slightly briefer period (1964 to 1980), Australian youth participation rates increased by only 2 percent— from 69 to 71 percent.33 The figures on labor force participation for all youth mask some pronounced differences in participation trends between teenagers and young adults. However, in Australia only the young adult participation rate rose; the teenage population manifested a long-run trend of falling activity. This down ward trend has reversed itself though during the course of the recession. In the United States, participation rates for both groups steadily increased from 1960 to 1980. The early 1980’s have witnessed slow declines in teenage activity rates and increases in the number of young people in full-time education. Deteriorating labor market conditions have led youth to stay on at school longer. However, only about 35 percent of Australian students complete secondary school (compared with 70 to 90 percent in the United States). Data for the United States, then, indicate that the workingage children of the baby boom and the steady increase in their labor force participation may have contributed to high unemployment rates of youth. However, the effects of the baby boom in both countries had largely dissipated by the late 1970’s. In Australia, it appears that the reversal (until recently) in the long-run trend of falling participation over a period when the economy had been in a state of protracted downturn played a more significant role in rising youth unemployment than the continuing, but decelerated, growth in youth population levels. Effects of recession The business cycle has a major impact on unemployment in general and youth unemployment in particular. The ar gument that has received the widest acceptance (certainly in Australia) is that the dramatic increase in youth unem ployment in Australia since 1974 is because of the malaise of the country’s economy and this has dampened the demand for young workers more than it has for older workers. (This same view applies to the United States as well.) A number of reasons have been advanced for the greater dampening in the demand for youthful labor during the recession. These include: a preference on the part of em ployers to hire mature, adult workers rather than the young during a period of excess labor supply because of the for mer’s presumed greater productivity and the latter’s job changing proclivities; changes in industry structure; and de ficiencies in the stock of youthful human capital. With re gard to the last two reasons, many youth find their first employment in unskilled jobs. Yet many unskilled jobs are disappearing in both Australia and the United States and entry-level jobs are increasingly requiring some skills. Thus, the production of manufactured goods that may have for merly required a sizable, unskilled work force has either been curtailed in the face of both slackened demand and competition from imported products or now involves more sophisticated, capital-intensive processes than previously, in order to maintain a competitive edge. This situation has lead to a mismatch between the skills demanded by em ployers and those available in the youth labor force. Conclusion Each of the reasons advanced to explain why youth have borne a disproportionate share of the increase in unem ployment during the recession certainly has merit. However, high youth unemployment in Australia and the United States is by no means a recent development. On the contrary, youth unemployment rates in excess of adult rates and the high representation of youth among the unemployed are factors which emerged before the 1970’s. In Australia, above-average unemployment rates for youth appeared well before the watershed year of 1974. In 1969, for example, the adult male unemployment rate was 0.7 percent, and the female rate was 0.9 percent. The corre sponding male and female rates for persons under 21 years of age were 1.7 percent and 2.3 percent— approximately 2Vi times higher than the adult rates.34 With regard to the share of unemployment borne by Australian youth, this be gan to rise for teenagers during 1953-54 and 1965-66 when their proportion increased from 13.5 to 38.2 percent. For young adults (20- to 24-year-olds), their share of unem ployment rose most rapidly during 1965-66 and 1970-71 — from 16 to 21 percent.35 As in Australia, the United States’ youth unemployment rates have also been historically higher than those for adults, but the disparity between youth and adult rates appears to have been greater. Indeed, between 1966 and 1969, for example, the unemployment rate for both sexes combined for persons between age 16 and 19 was more than five times higher than the male unemployment rate, age 20 and over.36 The foregoing analysis of the causes of youth unemploy ment most frequently advanced by analysts in Australia and the United States bears testimony to the elusiveness of a consensus on the causes of youth unemployment and the futility of seeking a single-factor explanation. Logic would suggest that youth unemployment in its current dimensions is the product of the interplay of a number of factors with differing saliency. The analysis indicates that the labor mar ket has long been adverse for youth, a situation that has been exacerbated by an economic recession accompanied by movements in youth labor costs and a changed demo graphic profile. Perhaps the major distinguishing feature of youth un employment today is the magnitude of the numbers of un employed youth. Certainly within the Australian context, youth unemployment as a problem only began to receive the attention it had long deserved when the incidence of youth unemployment and the numbers of unemployed youth began a steady upward climb in 1974. FO O TN O TE S ' OECD E con om ic O utlook 32 (Paris, Organization for Economic Co operation and Development, December 1982), p. 35. (P relim in ary E stim ates) (Canberra, Commonwealth Government Printer, Catalogue No. 6202.0, August 1983), table 2, p. 5. 2 Australian Bureau of Statistics, The L abou r F orce, A u stra lia, D e ce m b e r 1981 (Canberra, Commonwealth Government Printer, Catalogue No. table A - l , p. 18. 6203.0, January 1982), p. 9. 3E m ploym en t a n d E arnings (Bureau of Labor Statistics, April 1983), table A - l , p. 18. 4 Australian Bureau o f Statistics, The L a b o u r F orce, A ustralia, July 1983 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5E m ploym en t an d E arnings (Bureau of Labor Statistics, April 1983), 6 U nderstanding U nem ploym ent (Melbourne, Australian Industries De velopment Association, 1978), p. 2. 7Bettina Cass, “ The Numbers G am es,” A ustralian S ociety, August 1983, p. 21. 35 MONTHLY LABOR REVIEW October 1984 • Youth Unemployment in Australia 8Bettina Cass, “ Employment: Causes, Consequences and Policy Impli cations,” R ep o rts an d P ro ceed in g s (Sydney, Social Welfare Research Centre, No. 11, 1981), p. 2. ’ Beatrice G. Reubens, “ Foreign Experience,” The Teenage U nem p lo y m e n t P ro b lem : W hat A re the O ptions' ? (Washington, Congressional Budget Office, 1976), p. 54. 10Intern a tio n a l C om parison s on U nem ploym ent, Bulletin 1979 (Bureau o f Labor Statistics, 1978), p. 63. 11 Youth U nem ploym ent: A n Intern ational P e rsp e c tiv e, Bulletin 2098 (Bureau o f Labor Statistics, September 1981), p. 19. 12 Bureau o f Labor Market Research, Youth W ages, E m ploym en t an d the L a b o u r F o rce (Canberra, Australian Government Publishing Service, Research Report No. 3, 1983), p. 8. 13 Youth U nem ploym ent: An Intern ational P e rsp e c tiv e, Bulletin 2098 (Bureau o f Labor Statistics, September 1981), table 1, p. 5. 14All Australian data for March 1983 are drawn from the following source: Australian Bureau of Statistics, The Labour Force, A ustralia, M arch 1983 (Canberra, Commonwealth Government Printer, Catalogue No. 6203.0, March 1983). 15Keith Windschuttle, U nem ploym ent: A S o cia l a n d P o litic a l A nalysis o f the E con om ic C risis in A u stralia (Ringwood, Victoria, Penguin Books, 1980), p. 44. 16 For example, see Paul O. Flaim, “ Discouraged workers and changes in unemployment,” M onthly L a b o r R eview , March 1973, pp. 8-1 6 ; and Carol M. Ondeck, “ Discouraged workers’ link to jobless rate reaffirmed,” M onthly L a b o r R ev ie w , October 1978, pp. 4 0 -4 2 . 17The Australian data on discouraged workers are drawn from Australian Bureau o f Statistics, P erso n s N o t in the L a b o r F orce, A u stralia, M arch 1983 (Canberra, Commonwealth Government Printer, Catalogue No. 6220.0, August 1983). 18The U .S. data on discouraged workers are drawn from E m ploym ent an d E arn ings (Bureau o f Labor Statistics, April 1983), tables A -52-A 55, pp. 6 3 -6 6 . ’’ Constance Sorrentino, “ Youth unemployment: an international per spective,” M onthly L a b o r R eview , July 1981, p. 9. 20Bureau o f Labor Market Research, Youth W ages, E m ploym en t and the L a b o u r F o rce (Canberra, Australian Government Publishing Service, Research Report No. 3, 1983), pp. 3 5 -3 7 . 21 R ep o rt o f the M inim um W age Study C om m ission (Washington, 1981), Vol. 1, table 1 -1 , p. 9. 22Robert Swidinsky, “ Minimum Wages and Teenage Unemployment,” C an adian Journal o f E con om ics, February 1980, p. 158. 23E.G. West and M. McKee, M inim um W ages: The N ew Issues in Theory, E viden ce, P o licy a n d P o litic s. A Study P re p a re d f o r the E conom ic C ou n cil o f C an a d a an d the Institute f o r R esearch on Pu blic P o licy (Quebec, Canadian Government Printing Centre, 1980). Cited in “ The Impact of Minimum Wages on Youth Employment,” The o e c d O b server, July 1982, p. 15. The salience o f the issue of the impact of minimum wages on youth 36 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis unemployment is reflected in the numerous empirical studies that have emerged in recent years. Virtually the entire literature is confined to anal yses of experience in the United States and Canada. The evidence is mixed. Thus, of the 13 studies completed since 1970 and reviewed by E.G. West and M. McKee, nine reported reductions in employment, one found no significant effects, while the remaining three showed varying results for different labor force groups. The U.S. Minimum Wage Study Commission, established in 1977, sought to improve past studies through using more recent data and more sophisticated analytical techniques. The commission found lower minimum-wage effects than those previously obtained, and estimated that a 10-percent increase in the minimum wage lowers teenage employment by between 0.5 and 1.5 percent. 24Richard B. Freeman and David A. Wise, “ The Youth Labor Market Problem: Its Nature, Causes and Consequences,” in Richard B. Freeman and David A. W ise, eds., The Youth L abor M arket P roblem : Its N ature, C au ses a n d C on sequ en ces (Chicago, 111., The University o f Chicago Press, 1982), pp. 10-11. 25Peter Sheehan, “ Economic Aspects of Youth Unemployment,” in Ronald F. Henderson, ed., Youth U nem ploym ent: P roceedin gs o f the S ec on d A ca d em y Sym posium (Canberra, Academy of the Social Sciences in Australia, 1977), pp. H 14-H 15. 26 National Institute of Labour Studies, A ustralian B ulletin o f L abou r, September 1977. 27Bureau of Labour Market Research, Youth W ages, E m ploym en t and the L abou r F orce (Canberra, Australian Government Publishing Service, Research Report No. 3, 1983). 28 Youth W ages, E m ploym en t an d the L abou r F o rc e , p. 96. 29 Australian Bureau of Statistics, The L abou r F orce, A ustralia, A ugust 1982 (Canberra, Commonwealth Government Printer, Catalogue No. 6203.0, September 1982); Australian Bureau of Statistics, The L abou r F orce, A us tralia, 1978 (Canberra, Commonwealth Government Printer, Catalogue No. 5204.0, 1979). 30 Peter Strieker and Peter Sheehan, “ Youth Unemployment in Australia: A Survey,” A ustralian E conom ic R eview , First Quarter 1978, pp. 16-18. 31 See footnote 29. 32 Youth U nem ploym ent: The O utlook a n d Som e P o licy S trategies (Wash ington, Congressional Budget Office, April 1978), pp. 5 -6 . 33Constance Sorrentino, “ International comparisons of labor force par ticipation, 1 9 6 0 -8 1 ,” M onthly L abor R eview , February 1983, table 3, p. 29. 34 Department of Labour and National Service, An A nalysis o f F ull E m plo y m e n t (Melbourne, Labour Market Studies No. 2, 1970), p. 29. Cited by Adam Jamrozik and Marilyn Hoey, “ Workforce in Transition: Impli cations for W elfare,” R eports an d P roceedin gs (Sydney, Social Welfare Research Centre, No. 8, 1981), p. 18. 35 Peter Strieker and Peter Sheehan, “ Youth Unemployment in Australia: A Survey,” A ustralian E con om ic R e v ie w , First Quarter 1978, pp. 16-18. 36E con om ic R ep o rt o f the P residen t (Washington, U.S. Government Printing Office, 1982), table B -3 1 , p. 269. Apparel stores display above-average productivity Output p er hour o f all persons rose an average o f 2 .9 percent annually in the retail apparel store industry between 1967 and 1983, with growth accelerating between 1977 and 1983 B rian F riedman Output per hour of all persons' in the retail apparel store industry increased at an average annual rate of 2.9 percent between 1967 and 1983, compared with an average annual rate of 1.2 percent for the total nonfarm business sector of the economy during the same period. This gain in produc tivity over the 16-year period reflects average annual in creases of 4.5 percent in output and 1.5 percent in hours of all persons in the apparel store industry. (See table 1.) Productivity trends can be divided into two periods, 1967— 77 and 1977-83. During the first period, productivity rose at an average annual rate of 2.8 percent, and in the latter period, it accelerated to 3.6 percent, reflecting average growth in output and little increase in hours. During the 1967-77 period, productivity advances were not steady; in 1972 and 1973, there were relatively large increases. In 1972, productivity rose 8.2 percent as output increased 6.3 percent and hours declined 1.8 percent. In 1973, output advanced 11.3 percent, while hours increased only 1.7 percent, resulting in a productivity increase of 9.5 percent. However, there were moderate productivity de clines in 1967, 1970, 1974, 1976, and 1977. Output ex perienced only two declines during the period, falling in the recession years of 1970 and 1974. In 1969, 1976, and 1977, increases in hours exceeded increases in output, resulting in the productivity falloffs. Brian Friedman is an economist in the Division of Industry Productivity and Technology Studies, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis During the 1977-83 period, there were no productivity declines, and only one small output decline in 1982. In 1978, output per hour rose 10.0 percent based on very strong growth in output of 13.4 percent and moderate gains in hours of 3.1 percent. Output recorded moderate growth in 1980 and above-average growth in 1981 (6.1 percent), while industry hours declined in 1980 and 1982. Productivity had above-average gains in 1980 and 1981. Trends in four subindustries The retail apparel store industry2 consists of several sub industries. In addition to productivity measures for the total industry, separate measures are presented for men’s and boys’ clothing and furnishing stores, women’s ready-towear stores, family clothing stores, and shoe stores. (See table 2.) Men s and boys’ apparel stores. Productivity grew mod erately in the men’s and boys’ apparel store industry, ac counting for 15 percent of total sales and 11 percent of total employment in 1983. Output per hour grew at an annual average rate of 2.5 percent between 1967 and 1983, reflect ing average annual growth in output of 1.8 percent and an average annual decline of 0.6 percent in hours. Productivity grew at an annual rate of 3.8 percent between 1977 and 1983 compared with a 2.2-percent increase in 1967-77. This gain reflected a slowing of the increase in output from a rate of 2.9 percent between 1967 and 1977 37 MONTHLY LABOR REVIEW October 1984 • Productivity in Apparel Stores to an average decline of 0.4 percent between 1977 and 1983. Hours declined at a rate of 4.1 percent from 1977 to 1983 compared with a small average gain of 0.7 percent in the preceding period. Among apparel stores, this subindustry alone showed a definite trend toward fewer number of stores. Among the retail apparel subindustries, men’s and boys’ apparel stores had the slowest output growth between 1967 and 1983. This subindustry was also the most cyclical, experiencing output declines in 1970, 1974, and 1980-83. Women’s ready-to-wear-stores. This subindustry, the largest, accounting for 36 percent of sales and 33 percent of employment in 1983, experienced the highest gain in productivity among those measured. Output per hour rose at an average annual rate of 4.4 percent from 1967 to 1983 as output increased 5.5 percent and all person hours grew 1.1 percent annually. Between 1967 and 1977, productivity increased at an average annual rate of 4.3 percent, while output grew 5.6 percent and hours 1.3 percent. In the 1977-83 period, pro ductivity growth increased to 6.3 percent annually reflecting average annual output gains of 5.5 percent and an average hours decline of 0.7 percent. Productivity showed declines in only 1976 and 1977. Output declined only in 1977 and showed no growth in 1980. Hours of all persons, however, declined in 1968, 1970, 1974, 1975, and 1980-82. Family clothing stores. In 1983, family clothing stores accounted for 22 percent of retail apparel store sales and 18 percent of employment. Despite a strong overall increase in output, long-term productivity growth was moderate, re flecting above-average growth in employment. Output per hour grew at an average annual rate of 2.7 percent from T ab le 1. Total retail apparel (sic 56) indexes of output per hour of all persons and related data, 1 9 6 7 -8 3 [1977 = 100] Year Output per hour of all persons Output Hours of all persons All persons 1967............. 1968............. 1969............. 82.1 84.2 83.4 70.2 73.0 74.3 85.5 86.7 89.1 80.0 83.0 85.5 1970............. 1971............. 1972............. 1973............. 1974............. 1975............. 1976............. 1977............. 1978............. 1979............. 82.2 84.6 91.5 74.0 78.3 83.2 92.6 90.9 95.0 99.3 90.0 92.6 90.9 92.4 91.4 90.2 96.1 86.1 88 9 1980............. 1981............. 1982............. 1983............. 100.2 99.5 105.3 103.3 100.0 110.0 112.0 116.4 122.0 123.8 125.2 100.0 89.3 90.9 90.4 89.5 95.4 113.4 118.6 100.0 103.1 105.9 100,0 122.3 129.8 129.6 133.5 105.1 106.4 104.7 106.6 108.1 109.6 108.1 110.7 103.9 107.8 Average annual rates of change (in percent) 1967-83 . . . 1967-77 . . . 1977-83 . . . 2.9 2.8 3.6 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4.5 4.0 4.5 1.5 1.2 0.8 2.1 1.8 1.4 T a b le 2. O utput per hour of all persons for the total retail apparel in dustry and subindustries, 1 9 6 7 -8 3 Year Total apparel stores Men's and boy's clothing stores Women’s ready-to-wear stores Family clothing stores Shoe stores 1967.. . . 1968.. . . 1969____ 82.1 84.2 83.4 84.5 85.4 86.8 72.2 74.4 74.6 75.7 78.7 75.9 96.4 99.1 105.7 1970.. . . 1971____ 1972____ 1973____ 1974____ 1975____ 1976____ 1977. . . . 1978. . . . 1979____ 82.2 84.6 91.5 83.8 87.2 97.8 104.2 98.2 102.7 97.6 77.5 83.8 87.2 94.9 96.9 107.0 104.9 76.0 85.8 95.1 109.6 107.7 109.7 107.4 96.5 87.7 95.6 101.4 105.4 110.5 111.3 115.0 96.4 99.6 110.0 116.2 125.5 139.0 147.8 1980____ 1981. . . . 1982____ 1983.. . . 100.2 99.5 105.3 103.3 100.0 110.0 112.0 116.4 122.0 123.8 125.2 100.0 120.9 121.3 125.2 100.0 100.0 109.6 113.3 116.2 118.1 88.8 95.5 97.6 100.0 108.7 111.2 107.7 110.8 106.0 104.6 Average annual rates of change (in percent) 1967-83 1967-77 1977-83 2.9 2.8 3.6 2.5 2.2 3.8 4.4 4.3 6.3 2.7 4.3 3.6 0.8 -0 .2 0.3 N ote: Indexes for all apparel stores are based on data for women’s accessory and specialty stores, children's and infants’ wear stores, furriers and fur shops, and mis cellaneous apparel and accessory stores as well as the four clothing store subindustries discussed in this article. 1967-83 as output rose 5.2 percent and hours increased at a rate of 2.4 percent. Productivity showed periods of both growth and decline. Between 1967 and 1973, productivity grew at an average annual rate of 5.9 percent with very strong growth in pro ductivity and output in 1971, 1972, and 1973. During 1967— 73, hours increased at an annual rate of only 0.1 percent. Between 1973 and 1978, productivity declined at an average annual rate of 2.5 percent as output grew 3.8 percent and hours soared to an average annual growth of 6.5 percent. In response to a strong demand for casual clothing, espe cially jeans, the number of family clothing stores increased during this period. Productivity declines were recorded in 1974, 1976, 1977, and 1978. Between 1978 and 1983, productivity rebounded with an average annual growth of 4.4 percent as output rose 4.6 percent and hours showed very little growth— 0.1 percent. As the number of stores began to decrease, hours declined in 1979, 1980, and 1983. Shoe stores. Shoe stores, which accounted for 17 percent of sales and 21 percent of all persons in the apparel store industry, posted the smallest productivity gain from 1967 to 1983 among the subindustries studied. Productivity grew at an average annual rate of only 0.8 percent between 1967 and 1983, reflecting output increases of 3.0 percent and hours increases of 2.2 percent. During the 1967-77 period, output per hour declined at an average annual rate of 0.2 percent. There were strong productivity declines in 1970, 1971, and 1974. During this period, both output and hours had average annual gains of 1.3 percent and 1.5 percent, respectively. During the 1977-83 period, productivity increased at an average annual rate of 0.3 percent,as output increased 3.3 percent per year and hours grew 3.0 percent annually. Much of this increase was due to the demand for athletic footwear. Output showed very strong gains in 1978 and 1979 and a large decline in 1982. Productivity declined in 1980, 1982, and 1983. Factors affecting productivity Growth in apparel store productivity has been influenced by broad trends in general retailing. These trends include the growth of chain stores3 within the industry, movement to better locations in shopping centers, more efficiently;de signed stores geared toward consumer self-selection, and the use of computers for store operations.4 Changes in industry structure. Most retail apparel stores are independents, not affiliated with chains. The number of chain stores and the proportion of chain stores within the retail apparel store industry increased between 1967 and 1983. In 1967, 80.6 percent of all apparel stores were inde pendents, accounting for 62.1 percent of sales. Chains ac counted for 19.4 percent of establishments and 37.9 percent of sales. By 1977, the proportion of independent apparel stores had declined to 73.2 percent. The 26.8 percent of stores associated with chains had captured 50.2 percent of sales. There is every indication that chain stores continued a strong growth pattern in the retail apparel store industry after 1977. These companies have grown by acquiring smaller chains and independents. Also, larger nonapparel retailing corporations have purchased apparel chain stores in their efforts to diversify.5 In 1981, the leading 25 apparel chains alone increased their number of establishments by 12.1 per cent, accounting for 8,771 stores.6 On average, stores associated with chains tended to be larger in terms of sales. In 1967, the average independent apparel store had annual sales of a little under $117,000 per establishment, while the average chain store had sales of over $295,000 per establishment. By 1977, the gap between independents and chains had widened with average sales per establishment of $167,300 and $476,400, respectively. Chain stores also had higher sales per all persons than did the independents, although in 1967, the difference was not very large. However, by 1977, the sales per all persons of chains was not only higher than that for independents, but the gap in sales per person between chain and indepen dents had widened markedly.7 Independents have always been a sizable portion of all apparel stores. These stores are generally more labor-inten sive and emphasize personal service to generate regular clientele.8 Through careful choice of location and catering to the needs of their customers, independents are able to compete with chains. The change in industry structure to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ward more chain stores, however, has been a factor in pro moting industry output-per-hour gains. An important trend in apparel store industry structure has been the rapid growth of discount apparel stores. “ Offprice” apparel stores sell moderate to higher price brand name clothing at a lower price than conventional stores. They are able to buy clothing at discount prices later in the selling season than conventional stores. They locate in small shopping centers, away from other types of apparel and department stores, which are the apparel manufacturers’ main accounts. The middle 1970’s through the 1980’s saw a decline in the percentage of disposable income allotted for clothing.9 It is believed that the average middle income consumer became much more cost-conscious. Consumers became more willing to delay their clothing purchases until sales were held in conventional stores, or they would shop at off-price stores.10 The number of off-price apparel stores is estimated to have increased sharply, and their number is expected to continue to grow." The growth of “ off-price” apparel stores has likely pro vided a boost to industry productivity gains in recent years. Stores are mostly affiliated with large major chains, although there are also small chains and some independents. Store layout is generally geared toward self-selection and central checkout.12 Employees stock the shelves and racks and run the cash registers and provide little personalized service.13 Factory outlet apparel stores are quite similar to the “ offprice” stores and also grew rapidly in recent years, probably aiding productivity in the industry. These stores are supplied with clothing from parent manufacturing companies at large discounts. They are often anchor stores in small shopping centers, and more recently, several different factory outlet stores have combined to form malls located away from conventional malls and shopping centers, where the parent manufacturers have their primary department store and con ventional apparel store accounts.14 Store location. Store location is important. Accessibility and exposure to shopper traffic is a prime determinant of how well store capacity is utilized. The strong growth in the number of malls and shopping centers in suburban locations between 1967 and 1983 has probably had a positive influence on productivity. Although there are no data pinpointing the type of apparel store by location, industry experts believe that mostly major chains and larger independents moved into the large shopping malls, which draw their customers from a wide area. Smaller chains and independents, however, moved into the many smaller shopping centers. This movement of independents into shopping centers probably helped their competitive position in an industry shifting toward corporate chain structure.15 Competition and seasonality. It is difficult for retailers to forecast product demand because fashion trends are highly seasonal and consumer tastes are somewhat unpredictable. 39 MONTHLY LABOR REVIEW October 1984 • Productivity in Apparel Stores Also, competition among the different types of apparel stores, as well as department stores, is very strong. During the 1970’s, a substantial market share was lost to national de partment store chains.16 In the late 1970’s, discount de partment stores began to compete more vigorously with apparel stores.17 The industries that sell retail apparel are “ in a constant state of ferment, and competition is recog nized as being more virulent in retailing than in any other branch of American industry.” 18 The strongly competitive nature of apparel retailing has led to periods of overexpansion followed by “ shake-outs,” when large numbers of marginal stores went out of busi ness.19 The lower level of capacity utilization which ac companies overexpansion probably caused downward pressure on productivity growth. The elimination of marginal stores probably boosted productivity. Output per hour of all persons in apparel stores grew rather unsteadily, especially between 1967 and 1977. It is probable that the variability of productivity growth was caused, in part, by overexpansion and “ shake-outs.” Technology. The major technological change within the apparel store industry has been the increased use of com puters for retail operations. Electronic data processing is used in conjunction with point-of-sale technology. Through coding of merchandise, marketing information can be gath ered as a by-product of merchandise sales. Point-of-sale technology can be used for inventory control, sales audits, automatic computer-generated stock purchasing, employ ment planning, sales forecasts, interstore transfers, accounts receivable, and credit verification.20 This technology pro vides accurate, useful, and readily available information for use in both the operational and merchandising aspects of the industry. Surveys have shown that retailers who use point-of-sale technology report that it allows their stores to operate with reduced inventory while preventing out-ofstock situations. Product mix can be better targeted to cus tomer needs with better marketing information. It saves employee hours in taking inventory and lowering prices because of overstocked or slow moving inventory.21 The amount of information that is gathered using pointof-sale technology and how much this information is used varies greatly throughout the industry. The use of some form of point-of-sale technology in the apparel store industry is fairly widespread. For example, electronic cash registers that can be used to gather some inventory information have been available for some time. “ Automated accounts receivable,” is another technolog ical innovation that is used in the industry. The riskiest delinquent accounts are flagged and computer-typed collec tion notices are sent automatically. This system reduces employee hours in the accounts collection department.22 Other technological advances include marking systems and security surveillance systems that aid in the prevention of shoplifting. 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Large electronic data processing systems and other forms of advanced technology are used primarily by large chains. The much larger operation of a major chain makes the use of electronic data processing almost a necessity. Indepen dents and even small chains “ are usually unable to afford such equipment, nor make cost-effective use of it.” 23 Higher levels of sales per person recorded by chains, however, are probably caused to some extent by electronic data process ing. Advertising. Advertising has been important in increasing shopper traffic and sales in apparel stores. Recent trends indicate strong customer response to special sales and highly advertised products.24 Retail apparel stores generally ad vertise in newspapers and on radio. Radio programing al lows the apparel store industry to reach a target audience.25 Also, some stores have sponsored sporting events to aid sales of their activewear.26 Some analysts believe that the growth in retail advertising has been designed in part as a substitute for personnel, especially skilled salesworkers, in retail industries.27 Active selling is accomplished by educating the consumer through advertising, leading to more self-selection and, therefore, lower unit labor requirments in the stores. Employment changes. The number of persons working in the apparel store in dustry has increased 38 percent from 786,600 in 1967 to 1,088,400 in 1983. This represents an average annual in crease of 2.1 percent. Hours of all persons, however, have increased at a slower rate of 1.5 percent per year because of a steady decline in average weekly hours. This is espe cially true of nonsupervisory workers, whose average weekly hours declined from 32.5 in 1967 to 28.1 in 1983. The apparel store industry is composed of partners and proprietors, nonsupervisory workers, and supervisory work ers. Nonsupervisory workers make up the largest group, which includes salespersons, cashiers, stock workers, and nonsupervisory office workers. Nonsupervisory workers represented 79 percent of all persons in 1967 and 74 percent in 1983. The decrease in average weekly hours indicates an increase in part-time salespersons, often of school age, who work during weekends and evenings. Self-employed partners and proprietors accounted for 10.5 percent of all persons in the industry in 1967 and 10.6 percent in 1982. The actual number of self-employed grew slowly, from 82,000 in 1967 to 129,000 in 1982. The num ber of self-employed typically declined in times of recession as the smaller, privately owned stores had more difficulty staying in business, although 1982 was an exception. The number of self-employed as a proportion of all per sons is lower for the four apparel subindustries than for the overall industry. The percentage of self-employed in the overall industry is influenced by the remainder of the apparel store industry, for which separate measures are not avail- In terms of the number of stores and sales, the apparel store industry expanded during the 1960’s and 1970’s but may now begin to slow. The number of prime locations for conventional apparel stores is decreasing, as the construc tion of shopping centers slows.29 Competition is also in creasing from national department store chains as well as discount department stores with both marketing some brand name clothing. Because of new building and acquisition, chains will probably continue to grow in terms of the number of stores and as a proportion of total stores, but at a slower rate than in the 1970’s.30 Independents will probably remain a sizable portion of all stores because of the targeting of specific customers. “ Off-price” stores will also probably continue to grow rapidly. Management strategies to improve productivity within chains can be expected to continue, including increased use of computers, a fine tuning of product mix, and additional training of sales personnel.31 Most efforts among chains to increase productivity, however, revolve around increasing sales per square foot in stores. In the near future, greater emphasis may be placed on customer service, including additional sales personnel and more convenient shopping hours.32 This trend could have a dampening effect on future output per hour growth. However, personal computers, with software geared toward the small retailer, are becoming available as well as affordable and may have some effect on productivity in the independent segment of the industry. □ 1All average rates of change are based on the linear least squares trends o f the logarithms o f the index numbers. R etail R evolu tion (Boston, able. This portion of the industry has a higher than average proportion of self-employed because it includes many small independent specialty stores. The number of supervisory workers— office supervisors, store managers, and assistant managers— has doubled from 1967 to 1983 in the total retail apparel store industry. The growth in supervisory workers goes hand in hand with the growth in chains, both corporate and privately owned. Retaining experienced personnel is a major problem for all retail stores. Some studies show that retail employee turnover is as high as 60 percent per year.28 The high turn over rate among nonsupervisory workers hinders gains in industry output per hour because new employees must un dergo training and are not as productive during this period. One factor contributing to a high incidence of employee turnover is the industry’s low hourly earnings. For example, in 1980, average hourly earnings of nonsupervisory em ployees were 12 percent below the total retailing average and 41 percent below average hourly earnings of production workers in manufacturing industries. Productivity outlook uncertain 2The retail apparel industry is designated as Standard Industrial Clas sification (sic) 56, which includes the following component industries: sic 5611, men’s and boys’ clothing and furnishing stores; sic 5621, women’s ready-to-wear stores; sic 5631, wom en’s accessory and specialty stores; SIC 5641, childrens’ and infant’s wear stores; sic 5651, family clothing stores; sic 5661, shoe stores; SIC 5681, furriers and fur shops; and sic 5691, miscellaneous apparel and accessory stores. Although included in the total apparel stores measure, productivity for sic 5631, 5641, 5681, and 5691 cannot be measured separately. 3 A chain consists o f four or more retail stores in a firm and an inde pendent, three or fewer stores. Most chains are owned by corporations and most independents by partnerships or proprietorships. 4 It is difficult to document exact cause and effect relationships between factors influencing productivity and individual productivity changes in this industry. There is not a great deal of data available on a national basis for the apparel store industry. In addition, much of the data and information available relates to overall apparel retailing which also includes other industries, especially department stores. However, retail industry experts have indicated that the impact of technological and structural changes on productivity in overall apparel retailing had a similar effect on productivity in apparel stores. 5 “ Retailing,” S ta n d a rd a n d P o o r ’s Industry S u r v e v ,\o \. 151, No. 12, Sec. 2, Nov. 25, 1982, pp. R112 and R124. 6Ibid. p. R112. 7 Based on single-unit or multiunit sales and paid employee data pub lished by the Bureau of the Census in the C ensus o f R eta il Trade. In the analysis, data for the number of self-employed and unpaid family workers (available from the S ta tistics o f Incom e published by the Internal Revenue Service and Current Population Survey data) were also used. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8Barry Bluestone, Patricia Hanna, Sarah Kuhn, and Laura Moore, The m a , Auburn House Publishing Co., 1981), p. 28. 9 “ Apparel Including Footwear: Basic A nalysis,” Stan dard an d P o o r ’s Industry Survey, Vol. 151, No. 16, Sec. 2, Dec. 23, 1982. 10“ Editorial,” S tores, March 1981, p. 8; “ Off-Price,” S tores, March 1981, pp. 9 -1 2 . 11 “ Retailing,” p. R125. 12 “ Off-price,” S tores, March 1981, pp. 9 -1 2 . 13Some measured productivity gains may be overstated because o f shifts to self-selection. The quality of service can be considered to change as consumer hours, which are unmeasured, replace industry employee hours included in the measure. (See appendix.) 14“ Retailing,” p. R125. 15 Based on discussion with industry experts. l6“ National chains” include Sears, Roebuck and Co., J. C. Penney, and Montgomery Ward. 17“ Apparel including footwear.” 18 Bluestone and others, The R eta il R evolu tion, p. 29. i9Ibid. 20“ Making it Work— Retail Technology,” S tores, Nov. 1980, p. 36; “ Retail Office,” S tores, July 1980, pp. 4 9 -5 4 . 21 Randy L. Allen, C o., 1982). pos Trends in the 8 0 ’s (New York, Touche Ross and 22“ Managing Receivables,” S tores, April 1982, p. 42. 23Bluestone and others, The R etail R evolu tion, p. 66. 24“ Apparel including footwear.” 25 “ Ad Dollars,” S tores, September 1980, p. 37. 26“ Action Fever,” S tores, July 1980, pp. 4 3 -4 8 . 27 Bluestone and others, The R eta il R evolu tion, pp. 115-16. 41 MONTHLY LABOR REVIEW October 1984 • Productivity in Apparel Stores 28 “ People Business,” S to res, March 1981, p. 42. 31 “ Slower Growth into the 1980’s ,” S tores, August 1980, p. 20. 29“ Retailing,” p. R134. 30I b id ., p. R125. ^ R e ta il Industry T rend A n alysis, Morgan Stanley and Co 1983, p. 6. APPENDIX: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ’ Measurement techniques and limitations Indexes of output per hour of all persons measure changes in the relationship between the output of an industry and hours expended on that output. An index of output per hour is derived by dividing an index of output by an index of industry hours. The preferred output index for retail trade industries would be obtained from data on quantities of the various goods sold by the industry, each weighted (that is, multiplied) by the employee-hours required to sell one unit of each good in some specified base period. This concept also embodies the services associated with moving the goods from the retail establishment to the consumer. Thus, those goods which require more retail labor are given more importance in the index. Data on the quantities of goods sold usually are not avail able for trade industries, including retail apparel stores. Therefore, real output was estimated by removing the effects of changing price levels from the current dollar value of sales. Because an adjustment for changing price levels usu ally lowers the dollar value, such a series is usually referred to as a deflated value measure. Output measures based on deflated value have two major characteristics. First, shifts in sales can occur among products of different value which have the same unit labor requirements. (For example, if customers begin to purchase more store brands instead of “ nationally advertised” brands, dollar sales will decrease if the store brand is priced lower.) Such a phenomenon can occur in times of economic recession, and the reverse may be true in times of economic prosperity. Thus, a change can occur in the output per hour index even if the labor required to sell the merchandise does not change. Second, the sales level, both in current and constant dol lars, reflects differences in unit values for identical products sold in different types of establishments. For example, the unit values associated with a product sold in a self-service “ off-price” store may be lower than the unit value asso ciated with the same product sold in a store that provides a number of sales clerks as well as delivery service. The output measure, therefore, reflects changes in the level of service provided to customers, insofar as differences in unit values reflect the difference in service among the various types of establishments. 42 Jan 24 ” In addition to the deflated value technique, the output measure for the total of the major group of retail apparel stores was compiled by combining output from the various component apparel industries using weights relating to labor importance (that is, all person hours). This procedure results in a total apparel store output index that is closer, concep tually, to the preferred output measure. The index of hours for the retail apparel store industries is for all persons— that is, hours for paid employees, part ners and proprietors, and unpaid family workers. As in all of the output per hour measures published by the Bureau of Labor Statistics, hours and employment in apparel stores are each considered homogeneous and additive. Adequate data are not available to weight the various types of labor separately. The indexes of output per hour relate total output to one input— labor time. The indexes do not measure the specific contribution of labor, capital, or any other single factor. Rather, they reflect the joint effect of many factors such as changes in technology, capital investment, capacity utili zation, store design and layout, skill and effort of the work force, managerial ability, and labor-management relations. No explicit adjustments were made to the measures for apparel stores to take into account increases or decreases in some services provided to the consumer. With the growth of larger stores in the 1970’s, there was a trend toward more self-service operations. This shifted some of the hours in retailing from employee to consumer. However, data are not available to measure the effect of this change. Adjust ments for changes in product quality are made to the extent that changes in quality have been accounted for in the price indexes used to deflate the current dollar value of sales. The basic sources for the output series for this measure consist of the total sales data and sales by merchandise line reported by the U.S. Department of Commerce. The defla tors were developed using Consumer Price Indexes pub lished by b l s . The basic sources for the all-person-hour series consists of data on employment and hours published by b l s , sup plemented by data reported by the Internal Revenue Service and special tabulations compiled for b l s by the Bureau of the Census. Research Summaries Occupational salary levels for white-collar workers, 1984 a na oí a o o Tab le I. P ercent increases in o ccupational pay levels, nation al survey of professio nal, ad m inistrative, technical, and clerical pay, M arch 1970 to M arch 1984 Average annual percent increases Carl Prieser Average salaries increased at the lowest rates in more than 10 years, according to the Bureau of Labor Statistics’ March 1984 survey of pay for professional, administrative, tech nical, and clerical occupations in medium and large firms. Salary levels rose between 3 and 6 percent for most of the 25 occupations compared with the March 1983 survey. In contrast, occupational salary increases averaged about 7 percent yearly during the 1970’s and rose to more than 9 percent in 1981 and 1982. (See table 1.) The annual survey is used in the pay comparability process for Federal whitecollar employees.1 Although the survey focuses on individual occupations and work levels, it also permits a look at salary trends by skill level. In this connection, occupational work levels were grouped into three broad categories of skill levels compa rable to grades 1 to 4, 5 to 9, and 11 to 15, respectively,of the Federal Government’s General Schedule ( g s ). (See table 2 for identification of the survey job classifications by GS grade.) Cumulative percentage increases over the past 10 years have been largest for the higher levels (120.1 percent), and 8 to 9 percentage points more than for lower (111.1) and middle groups (112.1). In 1983-84, pay increases for the highest skill group also set the pace, averaging 5.3 percent, compared with 5.0 percent for the middle group and 3.6 percent for the lowest group. A closer look at some individual job classifications reveals that the pay differential between many entry-level profes sionals and their experienced coworkers widened during the decade, as the latter generally recorded substantially larger salary increases. The following tabulation illustrates this point for 3 of 4 professional occupations. It shows average salaries for journeyman classifications (gs- 11 equivalents) as a percent of the average paid to their corresponding entry levels (gs- 5 ) . 2 Carl Prieser is a labor economist in the Division of Occupational Pay and Employee Benefit Levels, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1970 1980 to to 19801 1981 Occupation Accountants ........................................................ Chief accountants................................................. Auditors ................................................................ Public accountants .............................................. Job analysts ........................................................ Directors of personnel......................................... 7.3 7.9 Attorneys .............................................................. B u y e rs................................................................... Chemists .............................................................. Engineers .............................................................. Engineering technicians ...................................... Drafters ................................................................ Computer operators ............................................ 7.0 7.0 7.2 7.0 7.2 7.3 (1) Photographers...................................................... Programmers/programmer analysts .................. Systems analysts ................................................. Accounting c le rk s ................................................. File c le rk s .............................................................. Key entry operators.............................................. (!) (') Messengers........................................................... Personnel clerks/assistants................................. Purchasing assistants ......................................... Secretaries ........................................................... Stenographers ...................................................... T y p ists................................................................... 6 .6 (1) 7.0 7.8 — 6.7 6.9 7.3 6.7 (!) 0 (1) 8.4 7.1 1 0 .0 9.5 10.3 7.9 7.6 11.4 1981 to 1982 1982 to 1983 1983 to 1984 9.6 11.4 9.4 6.9 4.2 4.7 5.7 6.1 8 .0 6 .6 7.1 6.7 8.3 2.3 5.3 5.3 7.6 4.8 5.3 5.3 5.2 4.9 3.6 — 6.9 — — 3.8 9.2 9.6 9.8 9.8 9.4 10.9 11.4 9.4 10.4 1 0 .2 9.4 8.4 8.9 10.9 — — — — 9.6 8 .0 8 .2 9.7 — — — 12.1 10.2 1 0 .2 9.7 — — 8.9 7.2 9.4 6.4 10.2 — 9.2 13.8 10.1 6 .2 5.8 7.1 5.9 7.6 6 .8 8.1 6.5 — 8.1 6.4 7.3 2.1 9.2 9.7 9.3 7.1 2.9 5.4 3.4 6 .8 5.0 5.5 8 .6 6 .8 2 .0 1A v e ra g e w a s n o t c o m p u te d w h e n da ta w e re a v a ila b le fo r fe w e r th a n 8 y e a rs. N o t e : D a s h e s In d ica te th a t da ta w e re n o t a v a ila b le fo r on e o r m o re y e a rs be ca u s e th e s u rv e y o c c u p a tio n w a s n e w ly a d d ed o r th e d e fin itio n w a s rev is ed . A ccou n tan t ........................... A uditor .................................. C h em ist .................................. E n gin eer ................................ ............................. ............................. .............................. ............................. 1974 1984 165 169 162 151 180 190 174 149 It is noteworthy, however, that the pay relationship for engineers was essentially unchanged since 1974 because the strong demand for engineers had bolstered their starting salaries. This practice becomes evident when engineering salaries are compared with those of another technical profes sion— chemist. In 1984, the average salary for entry-level engineers was 21 percent higher than that for starting chem ists, while at the journeyman level the difference was 4 percent (table 2). Ten years earlier, engineers I held a 12percent pay advantage over chemists I, while the differential was 4 percent at the journeyman level. MONTHLY LABOR REVIEW October 1984 • Research Summaries T a b le 2. A verage salaries for selected o ccupations, national su rvey of professio nal, a dm inistrative, technical, and clerical pay, M arch 1984 Occupational level and Federal GS grade equivalent Number of employees1 Average annual salaries2 Accountants and auditors Accountants Accountants Accountants Accountants Accountants Accountants Chief Chief Chief Chief I (G S -5 ).............................................................. II (GS-7) ........................................................... III (GS-9) ........................................................... IV (GS-11) ........................................................ V (G S-12)........................................................... VI (GS-13) ........................................................ 13,183 23,559 38,763 22,717 8,114 1,836 $19,843 24,325 28,721 35,715 44,466 55,618 I (GS-11) ................................................. II (GS-12) ................................................. III (GS-13)................................................. IV (GS-14)................................................. 650 1,383 899 176 35,199 44,128 56,816 69,838 I (GS-5) ................................................................... II (GS-7) ................................................................... III (G S-9)................................................................... IV (G S-11)................................................................ 1,362 3,625 4,607 2,421 19,671 25,391 30,209 37,378 9,264 9,335 7,067 4,345 19,142 21,164 24,702 29,663 1,186 2,965 3,938 3,340 1,827 541 28,918 35,238 44,743 55,462 70,478 87,568 6,234 17,840 18,285 5,941 20,225 24,675 30,610 37,843 I (G S-5)....................... II (GS-7) .................... III (G S -9).................... IV (GS-11) .................. V (GS-12) .................. 13,339 33,626 42,777 16,546 7,296 19,801 22,815 27,158 31,929 38,868 I (G S-9)...................................................... II (GS-10) ................................................. III (G S -12)................................................. IV (G S-13)................................................. V (GS-14) ................................................. 16,127 34,702 28,321 10,375 2,140 27,084 32,324 38,057 44,748 53,917 474 832 610 22,845 27,987 34,880 1,674 2,288 1,231 452 35,444 42,620 55,717 65,874 2,395 5,891 9,777 9,996 7,815 21,609 25,481 30,441 37,643 45,614 accountants accountants accountants accountants Auditors Auditors Auditors Auditors Public Public Public Public accountants accountants accountants accountants I (G S-7)................................................... II (GS-9) ................................................. III (G S -11).............................................. IV (G S -12).............................................. Attorneys Attorneys Attorneys Attorneys Attorneys Attorneys Attorneys I (G S -9)................................................................... II (GS-11) .............................................................. III (GS-12) .............................................................. IV (GS-13) .............................................................. V (GS-14) ............................................................. VI (GS-15) ............................................................. Buyers Buyers Buyers Buyers Buyers I (GS-5) ..................................................................... II (G S -7 )..................................................................... III (GS-9) ................................................................... IV (G S-11)................................................................... Programmers and systems analysts Programmers/Programmer Programmers/Programmer Programmers/Programmer Programmers/Programmer Programmers/Programmer Systems Systems Systems Systems Systems analysts analysts analysts analysts analysts analysts analysts analysts analysts analysts Personnel management Job analysts II (GS-7) ........................................................... Job analysts III (G S -9 )........................................................... Job analysts IV (GS-11) ........................................................ Directors Directors Directors Directors of of of of personnel personnel personnel personnel I (GS-11) ......................................... II (GS-12) ......................................... III (GS-13)......................................... IV (GS-14)......................................... Chemists Chemists Chemists Chemists Chemists I (G S -5 ).................................................................. II (GS-7) ................................................................ III (GS-9) ................................................................ IV (GS-11) ............................................................. V (GS-12)................................................................ Chemists and engineers 'Occupational employment estimates relate to the total in all establishments within scope of the survey and not to the number actually surveyed. Salaries reported relate to the standard salaries that were paid for standard work sched ules, that is, the straight-time salary corresponding to employee’s normal work schedule excluding overtime hours. Nonproduction bonuses are excluded, but cost-of-living ad 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Occupational level and Federal GS grade equivalent Chemists VI (G S -13)............................... Chemists VII (GS-14) ............................ Number of employees1 Average annual salaries2 3,290 1,122 $54,163 63,072 27,872 67,872 135,792 145,728 100,411 49,013 13,435 2,590 26,163 28,899 32,761 39,005 46,349 53,749 61,166 70,788 I (GS-3) .......... II (G S -4 ).......... III (GS-5) IV (GS-7) V (G S -9 ).......... 4,626 19,229 31,920 39,016 22,702 16,169 18,733 22,351 26,362 30,084 I (GS-2) .................................... II (GS-3) .................................... III (G S-4).................................... IV (G S-5).................................... V (GS-7) .................................... 1,961 10,126 19,886 22,584 17,358 12,596 16,120 19,098 23,067 29,057 I (G S-4).................. II (GS-5) ............... III (GS-6 ) ............... IV (G S -7)............... V (GS-8 ) ............... 8,955 30,855 24,370 8,816 1,479 13,068 16,337 19,743 23,107 27,223 I (GS-4) .......................... II (G S-5).......................... III (GS-7) ....................... IV (GS-9) ....................... 144 720 724 364 17,348 21,738 25,974 28,749 I (GS-2) ..................... II (G S-3).................... III (GS-4) .................. IV (GS-5) .................. 27,873 79,368 58,863 17,286 11,704 14,060 16,527 20,244 File clerks I (GS-1) ................................. File clerks II (G S-2)................................. File clerks III (GS-3) ............................... 16,026 9,102 2,746 9,869 11,331 13,576 Key entry operators I (G S -2).................. Key entry operators II (GS-3) ............... 50,685 32,473 12,811 15,898 Messengers (G S -1 )................................. 10,647 11,230 . . . . 2,024 3,388 2,896 13,379 16,160 18,268 21,830 Purchasing assistants I (GS-4) ............. Purchasing assistants II (GS-5) ............. Purchasing assistants III (GS-6 ) ............. 4,426 4,162 1,080 20,001 I (GS-4) ............................... II (GS-5) ............................... III (GS-6 ) ............................... IV (G S-7)............................... V (GS-8 ) ............................... 58,242 55,132 114,459 47,241 18,627 15,296 16,920 19,053 21,525 24,700 Stenographers I (GS-3) .......................... Stenographers II (G S -4).......................... 10,012 6,831 17,241 20,376 Typists I (GS-2) ....................................... Typists II (GS-3)....................................... 24,405 13,951 11,793 15,150 Engineers Engineers Engineers Engineers Engineers Engineers Engineers Engineers I (GS-5) ................................. II (G S -7 )................................. III (GS-9) ............................... IV (GS-11)............................... V (GS-12) ............................... VI (GS-13)............................... VII (GS-14) ............................ VIII (GS-15)............................ Technical support Engineering Engineering Engineering Engineering Engineering Drafters Drafters Drafters Drafters Drafters Computer Computer Computer Computer Computer technicians technicians technicians technicians technicians operators operators operators operators operators Photographers Photographers Photographers Photographers Clerical Accounting Accounting Accounting Accounting Personnel Personnel Personnel Personnel clerks clerks clerks clerks clerks/Assistants clerks/Assistants clerks/Assistants clerks/Assistants Secretaries Secretaries Secretaries Secretaries Secretaries I (GS-3) . II (GS-4) III (GS-5) IV (GS-6 ) . . . . 1,222 15,629 26,916 justments and incentive earnings are included. Note: The following occupational levels were surveyed but insufficient data were ob tained to warrant publication: chief accountants V, directors of personnel V, job analysts I, chemists VIII, computer operators VI, systems analysts VI, personnel clerks/assistants V, and photographers V. In 1984, the survey’s highest salary average was for toplevel (VI) corporate attorneys at $87,568 a year; this was more than four times the average for most entry-level profes sional classifications studied. These extremes reflect the wide range of duties and responsibilities represented by all profes sional categories covered by the survey. In the clerical area, differing functions and skill levels also produce wide pay variations, although not as wide as for professionals. For example, annual pay averages for top-level secretaries (V) ($24,700) and purchasing assistants (III) ($26,916) were 2.5 times the average of clerks ($9,869) doing routine filing. In contrast, the typical spread among job categories with equivalent levels of work, for example, accountants I and accounting clerks IV, was relatively narrow. (See table 2.) The Bureau recently added two computer science occu pations to the survey— programmers in 1982 and systems analysts in 1984. Programmer/programmer analyst trainees (level I) averaged $19,801 a year; this was approximately half the average of level V workers who plan and direct large computer programming projects or solve unusually complex programming problems. Computer systems ana lysts I averaged $27,084 a year. This level includes workers who are familiar with systems analysis procedures and are working independently on routine problems. Systems ana lysts V, the highest level for which data could be presented, averaged $53,917 a year. At this level, analysts work as top technical specialists on extremely complex systems or are senior managers responsible for the development and maintenance of large and complex systems. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A d e t a i l e d a n a l y s i s of white-collar salaries and complete results of this year’s survey are contained in the National Survey o f Professional, Administrative, Technical, and Clerical Pay, March 1984, b l s Bulletin 2208, September 1984. It includes salary distributions by occupational work level, and relative employment and salary levels by industry division for the 25 occupations studied. ---------- F O O T N O T E S ---------‘The National Survey of Professional, Administrative, Technical, and Clerical Pay ( p a t c ) is conducted by the Bureau of Labor Statistics, but survey occupations and coverage such as establishment size and the private sector industries to be included are determined by the President’s Pay Agent— the Secretary of Labor and the Directors of the Office of Man agement and Budget and the Office of Personnel Management. The Agent has designated the industrial coverage and minimum size establishment as follows: manufacturing, 100 or 250 employees; mining and construction, 250 employees; wholesale trade, 100 employees; retail trade, 250 em ployees; finance, insurance, and real estate, 100 employees; and selected services, 50 or 100 employees. The pay-setting role of the p a t c survey is described in George L. Stelluto’s “ Federal pay comparability: facts to temper the debate,” M onthly L abor R eview , June 1979, pp. 18-28. 2A similar pattern was found for the 1974-84 period in the salary relationship of recent law school graduates with bar membership (attorneys I, g s - 9 equivalents) and attorneys with experience handling legal work with few precedents (attorneys III, g s - 12 equivalents). The salary relatives were 148 in 1974 and 155 in 1984. In the survey coding structure, the level designations among various occupations are not synonymous: For example, the first level of attorneys equates to the third levels of accountants, chemists, and most other profes sional and administrative occupations. Classification of employees in the occupations and work levels surveyed is based on factors detailed in def initions which are available upon request. 45 M ajor Agreements Expiring Next M onth This list of selected collective bargaining agreements expiring in November is based on information from the Bureau’s Office of Wages and Industrial Relations. The list includes agreements covering 1,000 workers or more. Employer and location Industry Greater New York Milk Dealers Association (Interstate) Keebler Co. (Interstate).................................................. Food products Food products Pineapple Companies, factory and plantation production and maintenance (Hawaii)2 Rockingham Poultry Marketing Cooperative, Inc. (Virginia and West Virginia) Food products Labor organization1 Teamsters (Ind.) .................... Bakery, Confectionery and Tobacco Workers Longshoremen and Number of workers 1,900 4.500 5.500 W arehousem en Food products Food and Commercial Workers 1,000 Midtec Paper Corp. (Kimberly, wi) ................................................................ National Sample Card Association, Inc. (New York, ny ) ................................ Martin Marietta Aerospace Co. (Florida and Maryland) ................................ Gates Learjet Corp. (Wichita, ks) .................................................................. General Dynamics Corp., Ft. Worth Division, two agreements (Texas) . . . . Paper ............................. Printing and publishing . . Fabricated metal products Transportation equipment Transportation equipment 1,100 2,000 Norfolk Shipbuilding and Drydock Corp. (Norfolk, Transportation equipment Paper Mill Workers ........... Graphic Communications . . Auto Workers ..................... Machinists........................... Office and Professional Employees; and Machinists Boilermakers......................... 4,500 1.900 3.100 1,150 va ) Bic Pen Corp. (Milford, ct) .................................................. Western Airlines, clerical/office (Interstate)3 ......................... Western Airlines, ground service (Interstate)3 ....................... Carolina Telephone and Telegraph Co. (Tarboro, nc) ......... General Telephone Company of Ohio (O hio)......................... Columbia Gas Transmission Corp. and two others (Interstate) Miscellaneous manufacturing Air transportation................ Air transportation................ Communication .................. Communication .................. U tilities................................ Rubber W orkers....................... Air Transport Employees (Ind.) Teamsters (Ind.) ..................... Communications Workers Electrical Workers ( ibew) .......... Oil, Chemical and Atomic Workers New York City private sanitation contract (New York)2 ............................. New York area laundry operators (Interstate)2 ............................................. Industrial launderers, cleaners association and linen companies (Michigan)2 Sanitary services Services ......... Services ......... Apartment Building Owners and Managers Association of Chicago (Illinois) Chicago Real Estate Owners Council (Illinois) ............................................. Services Services Teamsters (Ind.) ....................... Clothing and Textile Workers . . Textile Processors (affiliated with Teamsters-Ind.) Service Employees.................... Service Employees..................... Johns Hopkins Hospital (Baltimore, md) Hospitals Youngstown Hospital Association (Ohio) Hospitals 3.500 1,100 1,000 2,000 6,000 1,300 3.000 4.000 1,400 1,500 Number of workers U tilities........... Transportation . Electrical Workers (ibew) ......... Transit Union ........................... 1,900 11,000 Police Department Police protection 3,300 Fire Department . Fire protection . International Brotherhood of Police (Ind.) Fire Fighters .............................. Phoenix Salt River Project . . . Chicago Transit Authority . . . District of Columbia: 8,600 Labor organization1 Government activity Arizona: Illinois: Retail, Wholesale and Department Store Service Employees . . 1,300 3.500 'Affiliated with afl- cio except where noted as independent (Ind ). industry area (group of companies signing same contract), information is from newspaper reports. 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis l ,200 Developments in Industrial Relations Retirement Equity Act of 1984 amends erisa President Ronald Reagan signed the Retirement Equity Act of 1984, which broadens the conditions under which spouses receive retirement benefits. Under the act, spouses of employees who die after attaining eligibility for pensions are guaranteed a benefit beginning at age 55; a prospective survivor must agree in a signed, notarized statement before a pension plan member can waive the option of providing a survivorship benefit (previously, the plan member had the sole right to decide); and the divorced spouse of a plan member is entitled to part of a pension, if stipulated in the separation papers or ordered by a judge. Also, the new act: • Requires employers to count all service from age 18 in calculating when an employee becomes vested (legally entitled to a pension, which usually requires 10 years of service). In computing the amount of benefits, all em ployee earnings from age 21 must be considered. (Pre viously, service accrual toward vesting began at age 22 and benefits were based on earnings from age 25.) • Permits pension plan members to leave the work force for up to 5 consecutive years without losing pension cred its. • Allows plan members to take maternity or paternity leave of up to 1 year without loss of service credit for the period. • Permits employees of companies that have thrift (savings) plans to join as early as age 21. These plans generally provide for employers to match some of the money the employee invests. • Requires employers to explain to employees the tax con sequences of taking lump-sum amounts from pension or profit-sharing plans. Supporters praised the act, saying it “ alters certain rules that in some cases allowed pension plans to ignore the changing needs of women and others in the work force.” The new provisions, which amend the Employee Retire ment Income Security Act of 1974, are effective December 31, 1984. For pension plans established through collective bargaining, provisions take effect when the contract per- “ 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis taining to the pension plan expires, or January 1, 1987, whichever comes first. upi workers accept pay-cutting contract United Press International and the Wire Service Guild negotiated a 15-month “ austerity program” designed to end a 2 0 -year history of unprofitable operation exacerbated by an accelerating cash-flow problem in recent months. Luis G. Nogales, u p i ' s executive vice president and general man ager, said the “ stringent measures” would result in savings of $ 1 2 million and enable the company “ to build a foun dation for sustained growth.” William Morrissey, president of the Wire Service Guild, called the agreement the “ worst . . . I have ever recommended to the membership” but said there was no choice “ under the circumstances.” Those cir cumstances included an estimated $7 million deficit for 1984 and $9 million owed to other companies providing service to U P I . Under the accord, salaries of the 900 union members were cut 25 percent effective September 15, but the cut will be restored in steps and at the end of the agreement salaries will exceed the levels prior to the cut. The cut will be reduced to 15 percent on December 15, 1984, to 10 percent on April 12, 1985, and to 5 percent on July 1, 1985. On October 1, 1985, salaries will be restored to the precut levels, followed by a 3-percent increase on December 15, 1985, and a 2-percent increase on January 1, 1986. Prior to the cut, the “ top minimum” (payable after 5 years’ service) was $29,026 for reporters and some other employ ees. The company also was permitted to postpone its payment to the pension plan for 1 year. When payment is made, it will be retroactive to the normal date. In return for these changes, 6.5 percent of the parent Media News Corp.’s stock will be distributed to the em ployees in proportion to the amount each lost as a result of the pay cut. The Wire Service Guild, which is part of the Newspaper Guild, also gained a seat on u p i ’ s board of directors. u p i ’ s 1 , 1 0 0 nonunion employees voted to accept wage and benefit changes similar to those for the union-repre sented workers. Many of u p i ’ s financial difficulties have been attributed to the fact that the market for wire news 47 MONTHLY LABOR REVIEW October 1984 • Developments in Industrial Relations services is dominated by the nonprofit Associated Press, which serves 1,286 newspapers and 5,666 broadcast sta tions, compared with u p i ’ s 802 newspapers and 3,298 broadcast stations. Also, several major newspapers have established wire news services in recent years. West Coast pulp and paper workers settle Employees of three West Coast paper companies agreed to a 32-month contract containing terms the companies had unilaterally put into effect a month earlier, after a rejection by the workers. About 4,600 workers are covered by the settlement between the Association of Western Pulp and Paper Workers and the Pulp and Paper Bargaining Council, comprising Georgia-Pacific Corp., Boise Cascade Corp., and Weyerhaeuser Co. Based on past practice, the settle ment was expected to influence the bargaining outcome for 9,500 employees of other West Coast firms where 40 con tracts had expired. The union also represents 4,000 workers in the area whose contracts expire in 1985. Wage terms included a $1,000 immediate lump-sum pay ment to each worker, a 4-percent wage increase in the sec ond year, and a 4.5-percent increase in the last year. There were provisions for improvements in pension and life insurance benefits, as well as changes designed to hold down cost increases in the medical insurance plan. Also, workers will now pay part of their medical costs. Beginning January 1, 1985, they will pay an annual deductible of $75 per person up to $150 per family, with the respective figures rising to $150 and $300 in 1986. They will be subject to coinsurance payments of 20 percent of medical costs, up to $750 per person and $1,500 per family in 1985, rising to $1,000 and $2,000, respectively, in 1986. The union also agreed to an employer proposal to elim inate mandatory shutdowns of operations on Christmas and Independence Day. This gives the company more operating flexibility and eliminates the expense of restarting produc tion. Electrical contract bans movement of operations In the electrical equipment industry, Allen-Bradley Co. and the United Electrical Workers agreed on a 3-year con tract that included a ban on moving any operations out of Milwaukee through 1987. Another provision designed to protect the earnings of workers allows laid-off workers with recall rights to be reimbursed for 75 percent of tuition ex penses for retraining, up to $500 per year. About 1,000 workers are currently eligible for this benefit. Instead of wage increases, the active employees will re ceive four lump-sum payments over the term. The first was $200 payable immediately. The other three, payable in De cember of each year, will equal 3 percent of each worker’s wage rate multiplied by the hours worked in the previous 12 months. According to the union, the average wage rate is $10.55. The automatic cost-of-living pay adjustment for 48 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis mula was revised by providing that in both the first and second years the formula will operate only if the Consumer Price Index rises 4 percent. If it does, adjustments will be calculated at the existing rate of 1 cent an hour for each additional 0.2-percent rise in the index. There is no “ cor ridor” in the third year. In a move to open jobs to laid-off workers, the accord provides that employees age 58 or older retiring during the balance of 1984 will receive an extra $450 a month until age 62. Those 6 U/2 years or older will be guaranteed 6 months of payments. To minimize premium cost increases for Blue Cross med ical coverage, employees will now pay deductible and coin surance costs. Employees also will be permitted to select from among five other types of health insurance which, the union claimed, offer superior coverage and built-in cost controls. Utility Workers end strike at Detroit Edison Members of the Utility Workers union employed by De troit Edison Co. approved a 3-year contract after rejecting two earlier proposals, ending a 6 -week strike, the longest in the history of the bargaining relationship. The new con tract provides for specified wage increases, retention of the automatic cost-of-living pay adjustment formula, and higher employee costs for health insurance. Hourly pay, which reportedly averaged $13.23 under the old contract, was raised by average amounts of 39 cents an hour effective immediately; 34 cents on the first anniversary; and 39.5 cents on the second. Under the new health care plan, employees will pay half the cost of any premium increase, up to 6 cents per hour each year, or a maximum of 18 cents per hour over the contract term. Deductibles were raised to $125 for individ uals and $300 for families in the first year and to $150 and $350 in the second, from $100 and $250. The deductible for prescriptions also was raised to $3, from $2. In a change in the savings plan, the limit on employee investment was raised to 6 percent of earnings, from 5 percent, with the utility company continuing to contribute 50 cents for each $1. Other terms of the contract included early retirement at unreduced pension rates at age 61 (for merly 62); and a 13th paid holiday, beginning in 1986. Dockworkers settle More than 9,000 dockworkers in California, Washington, and Oregon were covered by a 3-year accord between the Pacific Maritime Association and the International Long shoremen’s and Warehousemen’s Union. The agreement increased the basic straight-time hourly rate for longshore men by 80 cents on June 30, 1984, and 85 cents on June 29, 1985, and June 28, 1986, bringing it to $17.27. Al though the three increases total $2.50, the total is actually $2.81 per hour worked because most West Coast long shoremen are paid 6 hours a day at the straight-time rate plus 2 hours overtime at time-and-a-half rates. Comparable pay increases were negotiated for longshoremen paid ac cording to other systems, as well as for clerks and other occupations. Maximum creditable pension service was increased to 33 years, from 30, for employees retiring on or after July 1, 1984, and their benefit calculation rate for each year was raised to $27 (from $26) on July 1, 1984, $28 on July 1, 1985, and $29 on July 1, 1986. Resulting maximum monthly pensions were $891, $924, and $957 on the three dates, compared with $780 under the prior contract. Pensions for employees who retired prior to July 1, 1984, also were increased by $1 a month for each year of service on each of the three dates, but there was no change in their maximum creditable service. The employer obligation to the pay guarantee plan was increased to $59.7 million over the contract term, from $41.8 million under the previous contract. Maximum guar antees under the plan were increased to 38 hours’ pay each week at the basic rate for regular employees and 28 hours’ pay for others. Acme increases its pension fund contribution Improving the financial condition of the pension fund was a feature of the settlement between 66 Acme Markets in the Philadelphia area and Local 1357 of the United Food and Commercial Workers. In return for a wage freeze during the first 5 months of the 3-year contract, Acme agreed to raise its payment to the pension fund to $188 a month per full-time employee over the contract term, from $109.38. For part-time workers, Acme’s obligation was raised to $47 a month, from $33.45. A union official said that the financial health of the Tri-State Multiemployer Pension Fund would be assured if other food store chains agreed to similar in creases in their obligation, noting that Acme had earlier agreed to a contract for 4,000 workers in New Jersey, Del aware, and Pennsylvania that provided for the same increase in pension fund payment in return for a first contract-year wage freeze. Other terms of the Acme accord for the Philadelphia area included a $57.53-a-month increase in the company’s health and welfare obligation over the term, bringing it to $306.74 on May 1, 1986, and for part-time workers, a $32.44 in crease, to $122.49; 40-cent-an-hour wage increases (20 cents https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis for baggers and other customer service employees) on Jan uary 27, 1985, and January 26, 1986; an additional 70-cent increase over the term to 700 ‘’between grades” workers who were moved to the next higher grade; time and onehalf for Sunday work, instead of double time; and termi nation of Easter Monday as a holiday. The contract, which covers 4,700 workers, expires on January 15, 1987. Kroger settles, reopens stores The Kroger Co. agreed to reopen more than 40 of the 70 Eastern Michigan supermarkets it had closed a month ear lier. About 2,800 of the 5,000 workers who had lost their jobs as a result of the store closings were expected to be rehired. Kroger said the shutdowns were necessary because compensation levels for store clerks and for meat cutters were not competitive with those at nonunion supermarkets in the area. The approved settlement between the company and sev eral United Food and Commercial Workers locals called for 5- to 13-percent pay cuts as well as cuts in paid vacation and sick leave days. So far this year, Kroger had closed about 90 stores in Louisiana, Illinois, Ohio, and Pennsylvania, and compen sation reduction negotiations were underway in Central In diana. Kroger’s 1983 profit fell 12 percent, to $126 million, and the company dropped to number 2 in sales, behind Safeway Stores, even though its sales rose to $15 billion, from $12 billion. Pay adljusted in ‘traditionally female’ jobs The State of California and the California State Employ ees’ Association negotiated a contract that provided for spe cial pay adjustments for employees in jobs “ traditionally” held by women. Despite this, the union said it would con tinue its U.S. Equal Employment Opportunity Commission case in which it asserted that jobs traditionally held by women paid less relative to jobs traditionally held by men. Under the 1-year contract, most employees received an immediate 8-percent wage increase. In addition, a majority of clerical workers received an immediate 2-percent increase and a 3-percent increase on January 1, 1985. Employees in four other classifications, including registered nurses, li brarians, licensed vocational nurses, and dental technicians, received the 8-percent general increase and an additional 3 percent on January 1, 1985. 49 Book Reviews Making the work ethic work The New Achievers. By Perry Pascarella. New York, The Free Press, 1984. 210 pp. $17.95. Over the past 100 years, there have been a number of important innovations and theories concerning the manage ment of people at work. These have ranged from the man agement concepts of Frederick Taylor to a variety of sociopsychological theories of human development and mo tivation. Some theories, although born with great promise, have faded away. Others have remained an integral part of motivation theory and serve as the foundation for much of the current personnel management theory and practice. In recent years, great concern has been expressed re garding the demise of America’s work ethic. Researchers have explored the basis for this change, particularly as worker productivity declined beginning in 1969 and has continued to remain at very low levels. The author compares U.S. productivity with that of Japan and other countries, which have become increasingly more competitive in producing less expensive, high quality products, many of which had been almost totally within the trading domain of the United States. This book explores the basis for the decline in the U.S. work ethic and its effect on productivity and product quality. It traces the evolution of work and workers from the early days of Christianity to the present. Religious, social, and economic institutions are examined to determine their effect on the work ethic and on worker attitudes in general. The author concludes that the church, family, schools, govern ment, and business are all responsible in one way or other. Each has failed to consider or understand workers’ needs, particularly as life at work and at home has become more complex. These changes and difficulties sometimes over whelm individuals as they seek tranquility and satisfaction along with the need to gain some measure of control over their worklives. The author places great emphasis on the need for more humanistic management. He says, “ A great revolution is taking place.” Workers are demanding to be heard and to be involved in decisionmaking. He envisions more freedom at work, more management concern as to the nurturing of people, and more employee participation as individuals seek to work independently as well as interdependently with oth 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ers. Involvement, participation, and freedom, says the au thor, will lead to more effective tools to deal with problems at home as well as at work. The key words are “ participative management.” There is growing belief that worker participation in organization decisionmaking can help create healthy, productive work environments with trust and mutual respect. The author believes that the major deterrent to this change is the resis tance of middle managers who fear the loss of authority and are not willing to share power. They see an erosion of their status as “ boss.” Organized labor is another negative force. While there are a number of well-documented efforts of labor-manage ment ventures towards participative management, these are relatively few in number. Labor leaders, particularly at the local level, are concerned that too much free and open cooperation between union members and management might weaken workers’ perception of their need for union mem bership. Some labor leaders see a management effort to subvert unionism. The author views American business as the key to true humanistic, participative management in the United States. He believes management is “ headed towards a new state of mind” where autocratic management styles will cease and cooperation and sharing will help “ unleash people power. ’' Business will need to create an atmosphere of trust, honesty, and mutual respect. As work requirements change, business needs to initiate training programs. Job redesign, quality of worklife programs, quality circles, and a common value system must be installed cooperatively, with full and free worker participation. In this new relationship, man agement can become teacher, trainer, and developer of hu man potential. Although this reviewer has observed workers and students over a long period of time, he has not noted any sparkling behavioral changes among either experienced or prospective workers, or among managers. Research in worker partici pation or quality of worklife programs is growing but is insignificant in comparison with the total picture. While a few of the more successful American firms have long dem onstrated a concern for the individual worker and his need to be more involved in workplace decisionmaking, there are no apparent surges to replicate their management style. Nor is there evidence that students are becoming less interested in a “ good jo b ,” with adequate income and promotional opportunities. It would be nice if the move towards true participative management would accelerate and expand throughout the workplaces of the United States. Although the author be lieves this is happening, more conclusive evidence is needed. It will be interesting to study worker participation schemes to determine if they are systemic in nature or if they are fads, passing in the night. The New Achievers is an interesting and stimulating book, easy to read and comprehend. While nothing new is re ported, this book will become an important part of the grow ing literature on the values and benefits of worker participation. — B en B urdetsky P ro fe s s o r o f P e rso n n e l and L a b o r R e la tio n s G e o rg e W a s h in g to n U n iv e rsity Evaluating Your Firm’s Injury and Illness Record, 1982: Services Industries. P re p a re d by U .S . B u re a u o f L a b o r S ta tistic s , lim a R o ss k o p f. W a s h in g to n , 1984, 12 pp . (R e p o rt 7 0 9 .) -------- Injuries in the Logging Industry. P re p a re d by L y n P e a rso n . W a s h in g to n , 1984, 23 p p . (B u lle tin 2 2 0 3 .) S to c k N o . 0 2 9 0 0 1 - 0 2 8 1 5 - 6 . $ 1 .7 5 , S u p e rin te n d e n t o f D o c u m e n ts , W a s h in g to n 2 0 4 0 2 . -------- Injuries Resulting From Falls From Elevations. P re p a re d by M a ry ro se C lin e -B u s o . W a s h in g to n , 1984, 2 0 pp. (B u lle tin 2 1 9 5 .) S to c k N o . 0 2 9 - 0 0 1 - 0 2 8 1 3 - 0 . $ 1 .7 5 , S u p e rin te n d e n t o f D o c u m e n ts , W a s h in g to n 2 0 4 0 2 . Industrial relations F a rle y , L a rry D . an d Jo s e p h J. A llo tta , “ S ta n d a rd s o f P ro o f in D isc h a rg e A rb itra tio n : A P ra c titio n e r’s V ie w ,” Labor Law Journal, Ju ly 1984, p p . 4 2 4 - 3 4 . The Question of Arbitrability: Challenges to the Arbitrator's Jurisdiction and Authority'. Ith ac a, ny , G ro s s m a n , M a rk M ., C o rn e ll U n iv e rs ity , N ew Y o rk S tate S c h o o l o f In d u strial and L a b o r R e la tio n s , 1984, 122 p p . $ 9 .9 5 , p a p e r, ilr P ress. K ro ts e n g , R ic h a rd V an M ., “ Ju d ic ia l an d A rb itra l R e so lu tio n o f C o n tra c tu a l P la n t C lo sin g I s s u e s ,” Labor Law Journal, Ju ly 1984, pp . 3 9 3 - 4 0 6 . Publications received Agriculture and natural resources D u n c a n . M a rv in a n d M a rla B o ro w s k i, “ A g ric u ltu ra l P o licy : O b je c tiv e s fo r a N e w E n v ir o n m e n t,” Economic Review, F ed eral R e se rv e B a n k o f K a n sa s C ity , Ju n e 1984, p p . 2 0 - 3 6 . F e d e r, G e rs h o n a n d R o g e r S la d e , “ T h e A c q u isitio n o f In fo r m a tio n a n d th e A d o p tio n o f N ew T e c h n o lo g y ,” American Journal of Agricultural Economics, A u g u s t 1984, pp. 3 1 2 - 20 . M o n k s , R o b e rt A . G ., “ F a c ilita tin g P e n sio n F u n d In v e stm e n ts in R e sid e n tia l M o r tg a g e s ,” Labor Law Journal, Ju ly 1984, pp . 3 8 7 - 9 2 . P e rritt, H e n ry H ., J r ., “ E m p lo y e e D ism issa ls: A n O p p o rtu n ity fo r L eg a l S im p lif ic a tio n ,” Labor Law Journal, Ju ly 1984, pp. 4 0 7 -1 4 . S m ith , R a lp h R ., “ F ro m Bowen to Devine: T h e Q u a n d a ry F acin g F e d e ra l U n io n s ,” Labor Law Journal, Ju ly 1984, p p. 4 3 5 39. Economic and social statistics Cyclical Un employment: Sectoral Shifts or Aggregate Disturbances? A b ra h a m , K a th a rin e G . an d L a w re n c e F. K a tz , C a m b rid g e , ma , N atio n al B ureau o f E co n o m ic R esearch , In c ., 1 9 8 4 , 45 p p . (nber W o rk in g P a p e r S e rie s , 14 1 0 .) $ 1 .5 0 , S u s s e r, P e te r A ., “ nlrb R e stric ts M a n d a to ry B a rg a in in g O v e r M an ag erial C h a n g e s ,” Labor Law Journal, July 1984, pp. 4 1 5 23 . International economics A rtis , M . J. an d o th e rs , “ T h e E ffects o f E co n o m ic P o lic y , 1979— M ay 1984, pp. 5 4 - S I,” National Institute Economic Review, p a p e r. G rilic h e s , Z v i, Data Problems in Econometrics. C a m b rid g e , ma , N a tio n a l B u re au o f E c o n o m ic R e s e a rc h , I n c ., 1984, 88 pp. (nber T e c h n ic a l W o rk in g P a p e r, 3 9 .) $ 1 .5 0 , p a p er. 67. Demograph H a k k io , C ra ig S ., “ E x c h a n g e R ate V o la tility an d F e d e ral R e se rv e P o lic y ,” Economic Review, F ed eral R e se rv e B an k of K a n sa s C ity , J u ly - A u g u s t 1984, pp . 1 8 - 3 1 . S p a in , D a p h n e an d S te v e n N o c k , “ T w o C a re e r C o u p le s , a P o r t r a i t , ” American Demographics, A u g u s t 1984, b e g in n in g on M a s k u s , K e ith E ., “ R isin g P ro te c tio n is m an d U .S . In tern a tio n a l T ra d e P o l i c y ,” Economic Review, F e d e ral R e se rv e B an k o f K a n sa s C ity , J u ly - A u g u s t 1984, p p . 3 - 1 7 . K a in , E d w a rd L ., “ S u rp risin g S in g le s ,” American ics, A u g u s t 1 9 84, b e g in n in g on p. 16. p. 25. T r ip le tt, Ja c k E ., A Conceptual Model for Labor Market Data. R e p rin te d fro m the Review of Public Data Use, V ol. 12, 1984, p p . 1 - 1 6 . W a s h in g to n , U .S . B u re au o f L a b o r S ta tistic s , O f fice o f R e se a rc h an d E v a lu a tio n . 1980 Census of Population, Vol. 2, Subject Reports: Earnings by Occupation and Education; Oc cupation by Industry. W a s h in g to n , U .S . D e p a rtm e n t o f C o m U .S . B u re a u o f th e C e n s u s , m e rc e , B u re a u o f th e C e n s u s , 1984, 5 3 5 a n d 7 0 6 pp . (R e p o rts pc 8 0 - 2 - 7 C a n d pc 8 0 - 2 - 8 B . ) $ 1 4 a n d $ 1 3 , re sp e c tiv e ly . Health and safety A m e s , R ic h a rd G . an d R o g e r B. T re n t, “ R e sp ira to ry Im p airm en t an d S y m p to m s as P re d ic to rs o f E arly R e tire m e n t w ith D is a b ility in U .S . U n d e rg ro u n d C o al M in e r s ,” American Journal of Public Health, A u g u s t 1984, p p . 8 3 7 - 3 8 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S ta rk , O d e d , “ D is c o n tin u ity an d the T h e o ry o f In tern a tio n a l M i g r a ti o n ,” Kvklos, V o l. 3 7 , F a sc . 2, 1984, pp . 2 0 6 - 2 2 . The Effectiveness of Trade-Related Worker Adjustment Policies in the United States. U .S . B u re au o f In te rn a tio n a l L a b o r A ffa irs, B y R o b e rt W . B e d n arz ik an d Ja m e s A . O rr. W a s h in g to n , U .S . D e p a rtm e n t o f L a b o r, B u reau o f In tern a tio n a l L ab o r A ffa irs, 1984, 4 0 pp . (E c o n o m ic D isc u ssio n P a p e r, 15.) Management and organization theory Intuitive Management: Integrating Left and Right Brain Management Skills. E n g le w o o d C liffs, n j , P re n A g o r, W e s to n H ., tic e -H a ll, I n c ., 1984, 143 p p ., b ib lio g ra p h y . $ 1 5 .9 5 , c lo th ; $ 7 .9 5 , p a p e r. C h ris tie , L in d a G a i l , Human Resources: A Hidden Profit Center. E n g le w o o d C liffs, nj , P ren tice-H all, In c ., 1 9 8 3 ,1 5 4 p p . $ 1 4 .9 5 , c lo th ; $ 7 .9 5 , p a p er. 51 MONTHLY LABOR REVIEW October 1984 • Book Reviews D o n n e lly , L a u ra F. a n d D a v id A . B o w n a s, “ P o licy C a p tu rin g : A n A p p ro a c h to U n d e rsta n d in g P e rso n n e l D e c is io n -M a k in g P r o c e s s e s ,” P u b lic P e r s o n n e l M a n a g e m e n t, S u m m e r 1984, pp. 8 1 -8 9 . H ill, N o rm a n C ., H o w to In c r e a s e E m p lo y e e C o m p e te n c e . N e w Y o rk , M c G ra w -H ill B o o k C o ., 1984, 156 p p . $ 9 .9 5 , p a p e r. M c C a b e , D o u g la s M ., “ L a b o r R e la tio n s , C o lle c tiv e B a rg a in in g , a n d P e rfo rm a n c e A p p ra isa l in the F e d e ra l G o v e rn m e n t U n d e r th e C iv il S e rv ic e R e fo rm A c t o f 1 9 7 8 ,” P u b lic P e r s o n n e l M a n a g e m e n t, S u m m e r 1984, pp . 1 3 3 - 4 6 . P e lis s e ro , Jo h n P ., “ P e rso n n e l E v a lu a tio n an d th e M ilita ry M a n ag er: C o n tra s ts in P e rfo rm a n c e A p p ra isa l S y s te m s ,” P u b lic P e r s o n n e l M a n a g e m e n t, S u m m e r 1984, p p . 1 2 1 - 3 2 . P its v a d a , B e rn a rd T . a n d F ra n k D . D ra p e r, “ G o v e rn m e n t R e o rg a n iz a tio n : A n Im m o d e st P r o p o s a l,” P u b lic P e r s o n n e l M a n a g e m e n t, S u m m e r 1984, p p . 9 1 - 1 0 0 . Monetary and fiscal policy P e a rc e , D o u g la s K ., “ R e c e n t D e v e lo p m e n ts in the C re d it U n io n I n d u s tr y ,” E c o n o m ic R e v ie w , F e d e ral R e se rv e B an k o f K a n sa s C ity , J u n e 1 984, p p . 3 - 1 9 . “ T h e P eril in F in a n c ia l S e r v ic e s ,” 19 8 4 , pp. 5 2 - 5 7 . B u s in e s s W eek, A u g . 2 0 , Prices and living conditions N a ro d , S u s a n , “ C u ttin g th e C o st o f K e e p in g P a p e r ,” D u n ’s B u s in e s s M o n th , A u g u s t 1984, p. 64. U .S . B u re a u o f L a b o r S ta tis tic s , R e la tiv e Im p o r ta n c e o f C o m p o n e n ts in th e C o n s u m e r P r ic e In d e x e s , 1 9 8 3 . W a s h in g to n , 1 9 8 4 , 3 6 p p . (B u lle tin 2 2 1 0 .) S to c k N o. 0 2 9 - 0 0 1 - 0 2 8 1 4 8. $ 2 .2 5 , S u p e rin te n d e n t o f D o c u m e n ts , W a s h in g to n 2 0 4 0 2 . Productivity and technological change B e rg e r, P h il, T h e S ta te -o f-th e -A r t R o b o t C a ta lo g . N e w Y o rk , D o d d , M e a d & C o ., I n c ., 148 pp . $ 1 2 .9 5 , p a p er. G ra y , W a y n e B ., T h e I m p a c t o f osha a n d epa R e g u la tio n on P r o d u c tiv ity . C a m b rid g e , ma , N a tio n a l B u re au of E co n o m ic R e s e a rc h , I n c ., 1984, 5 6 p p . (nber W o rk in g P a p e r S e rie s , 1 4 0 5 .) $ 1 .5 0 , p a p er. W re n -L e w is , S im o n , “ T h e R o les o f O u tp u t E x p e c ta tio n s and L iq u id ity in E x p la in in g R e ce n t P ro d u c tiv ity M o v e m e n ts ,” N a tio n a l I n s titu te E c o n o m ic R e v ie w , M ay 1984, p p . 4 2 - 5 3 . Wages and compensation H a m e rm e s h , D a n iel S ., In c e n tiv e s f o r th e H o m o g e n iz a tio n o f T im e U se. C a m b rid g e , ma , N a tio n a l B u reau of E co n o m ic R e s e a rc h , I n c ., 1984, 18 p p . ( nber W o rk in g P a p e r S e rie s , 1 3 9 7 .) $ 1 .5 0 , p a p er. L y n c h , M a ry J o , M a rg a re t M y e rs, Je n ie c e G u y , a la S u rv e y o f L ib r a r ia n S a la r ie s , 19 8 4 . C h ic a g o , il , A m e ric a n L ib ra ry A s so c ia tio n , O ffice fo r R e se a rc h an d O ffice fo r L ib ra ry P e rs o n nel R e s o u rc e s , 1984, 106 pp . $ 4 0 , p a p e r. 52 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U .S . B u re au o f L a b o r S ta tistic s , A r e a W a g e S u rv e y s: N o r f o l k V ir g in ia B e a c h - P o r ts m o u t h , V ir g in ia — N o r th C a r o lin a , M e tr o p o lita n A r e a , M a y 1984 (B u lle tin 3 0 2 5 - 1 4 , 28 p p ., $ 3 .2 5 ); S a n J o s e , C a lifo rn ia , M e tr o p o lita n A re a , M a rc h 1 9 8 4 (B u lle tin 3 0 2 5 - 1 5 , 4 9 p p . $4); S a n F r a n c is c o - O a k la n d , C a lifo rn ia , M e tr o p o lita n A re a , M a rc h 1984 (B u lle tin 3 0 2 5 - 1 6 , 52 p p ., $ 4 ); H o u s to n , T exa s, M e tr o p o lita n A re a , M a y 19 8 4 (B u lle tin 3 0 2 5 - 1 7 , 4 2 p p ., $ 3 .7 5 ); A tla n ta , G e o rg ia , M e tr o p o lita n A r e a , M a y 1984 (B u lle tin 3 0 2 5 - 1 8 . 52 p p ., $ 4 ); G r e e n v ille - S p a r ta n b u r g , S o u th C a ro lin a , M e t ro p o lita n A re a , J u n e 1984 (B u lle tin 3 0 2 5 - 1 9 , 28 p p ., $ 3 .2 5 ); S a n A n to n io , T e x a s, M e tr o p o lita n A re a , M a y 1984 (B u lle tin 3 0 2 5 - 2 0 , 29 p p ., $ 3 .5 0 ); M ilw a u k e e , W isc o n sin , M e tr o p o lita n A r e a , M a y 1984 (B u lle tin 3 0 2 5 - 2 1 , 5 4 p p ., $ 4 ); R ic h m o n d , V irg in ia , M e tr o p o lita n A r e a , J u n e 1984 (B u lle tin 3 0 2 5 - 2 2 , 29 p p ., $ 3 .5 0 ); T o le d o , O h io —M ic h ig a n , M e tr o p o lita n A r e a , J u n e 1984 (B u lle tin 3 0 2 5 - 2 3 , 4 2 p p ., $ 3 .7 5 ); C o rp u s C hristi, Texas, M e tro p o lita n A re a , J u ly 1984 (B u lle tin 3 0 2 5 - 2 4 , 27 p p ., $ 3 .2 5 ). A v a ila b le fro m th e S u p e rin te n d e n t o f D o c u m e n ts , W a s h in g to n 2 0 4 0 2 , gpo B o o k s to re s , o r bls re g io n a l o lfic es. Welfare programs and social insurance F in n ish M in istry o f S o c ial A ffa irs a n d H e a lth , T h e F u tu r e D e v e lo p m e n t o f F in n is h S o c ia l P o lic y . H e lsin k i, F in n ish M in istry o f S o c ia l A ffairs an d H e a lth , 1984, 36 pp. G u s tm a n , A la n L . a n d T h o m a s S te in m e ie r, P a r tia l R e tir e m e n t a n d th e A n a ly s is o f R e tir e m e n t B e h a v io r . R e p rin te d fro m In d u s tr ia l a n d L a b o r R e la tio n s R e v ie w , A pril 1984, p p . 4 0 3 15. C a m b rid g e , ma , N a tio n a l B u re au o f E c o n o m ic R e se a rc h , I n c ., 1984. (nber R e p rin t, 4 8 5 .) $ 1 .5 0 , p a p er. Worker training and development B e rn ic k , M ic h a e l, T h e D r e a m o f J o b s : T h e J o b T r a in in g a n d A n tip o v e r ty P r o g r a m s o f th e P a s t T w o D e c a d e s . . . a n d T h e ir R e s u lts . S a lt L ak e C ity , ut , O ly m p u s P u b lish in g C o ., 1984, 2 0 2 p p . $ 1 0 .9 5 , p a p er. G re a t B rita in , D e p a rtm e n t o f E m p lo y m e n t, “ T h e Y o u th O p p o rtu n itie s P ro g ra m m e in C o n tra s tin g L o ca l A r e a s ,” by K a th leen G re a v e s , E m p lo y m e n t G a z e tte , Ju n e 1984, p p . 2 5 5 - 5 9 . H o lle n b e c k , K e v in , F ra n k C . P ra tz n e r, H o w a rd R o se n , e d s .. D is p la c e d W o rk ers: Im p lic a tio n s f o r E d u c a tio n a l a n d T ra in in g I n s titu tio n s . C o lu m b u s , T h e O h io S tate U n iv e rsity , T h e N a tio n a l C e n te r fo r R e se a rc h in V o c a tio n a l E d u c a tio n , 1984, 3 3 0 pp. P h illip s , S u s a n D ., N ic h o la s J. P a z ie n z a , D o n n a J. W a lsh , “ D e c is io n M a k in g S ty le s an d P ro g re ss in O c c u p a tio n a l D e cisio n M a k in g ,” J o u r n a l o f V o c a tio n a l B e h a v io r , A u g u st 1984, pp. 9 6 -1 0 5 . R o b s o n , R . T h a y n e , e d .. E m p lo y m e n t a n d T r a in in g r&d : L e ss o n s L e a r n e d a n d F u tu r e D ir e c tio n s . (C o n fe re n c e P ro c e e d in g s o f th e N a tio n a l C o u n c il on E m p lo y m e n t P o lic y , Ja n . 2 6 - 2 7 , 1 9 8 4 .) K a la m a z o o , m i . T h e W . E. U p jo h n In stitu te fo r E m p lo y m e n t R e s e a rc h , 1984, 133 p p . $ 1 6 .9 5 , c lo th ; $ 1 1 .9 5 , p a p e r. Current Labor Statistics Notes on Current Labor Statistics ............................................................. ........................................................................................ 54 Schedule of release dates for major BLS statistical series ........................................................................................... 54 Employment data from household survey. Definitions and notes ......................................................................... 55 55 56 57 58 58 59 59 59 1. 2. 3. 4. 5. 6. 7. 8. Employment status of the noninstitutional population, 16 years and over, selected years, 1950-83 ................................ Employment status of the population, including Armed Forces in the United States, by sex, seasonally adjusted . . . . Employment status of the civilian population, by sex, age, race, and Hispanic origin, seasonally adjusted .................. Selected employment indicators, seasonally ad ju sted ...................................................................................................................... Selected unemployment indicators, seasonally ad ju sted ................................................................................................................. Unemployment rates, by sex and age, seasonally adjusted ........................................................................................................... Unemployed persons, by reason for unemployment, seasonally ad ju sted .................................................................................. Duration of unemployment, seasonally adjusted............................................................................................................................... Employment, hours, and earnings data from establishment surveys. Definitions and notes 9. 10. 11. 12. 13. 14. 15. 16. 17. Employment, by industry, selected years, 1950-83 ........................................................................................................................ Employment, by State ............................................................................................................................................................................ Employment, by industry, seasonally adjusted ................................................................................................................................. Average hours and earnings, by industry, 1968-83 ........................................................................................................................ Average weekly hours, by industry, seasonally a d ju sted ............................................................................................................... Average hourly earnings, by industry ................................................................................................................................................. Hourly Earnings Index, by industry..................................................................................................................................................... Average weekly earnings, by industry................................................................................................................................................. Indexes of diffusion: industries in which employment increased, seasonally a d ju sted ........................................................... Unemployment insurance data. Definitions............................................................................................................................... 60 61 61 62 63 64 65 65 66 66 .................................................................................................... 67 67 Price data. Definitions and notes ...................................................................................................... 68 18. Unemployment insurance and employment service operations 19. 20. 21. 22. 23. 24. 25. 26. 27. Consumer Price Index, 1967-83 .......................................................................................................................................................... Consumer Price Index, U.S. city average, general summary and selected it e m s ..................................................................... Consumer Price Index, cross-classification of region and population size c l a s s ....................................................................... Consumer Price Index, selected areas ................................................................................................................................................. Producer Price Indexes, by stage o f processing ............................................................................................................................... Producer Price Indexes, by commodity groupings ........................................................................................................................... Producer Price Indexes, by special commodity groupings ............................................................................................................. Producer Price Indexes, by durability of product ............................................................................................................................. Producer Price Indexes for the output of selected SIC industries ......................................................................... Productivity data. Definitions and notes 28. 29. 30. 31. 32. ...................................................................................................................................... Annual indexes of multifactor productivity and related measures, selected years, 1948-82 ................................................. Annual indexes of productivity, hourly compensation, unit costs,and prices, selected years, 1950-83 ........................... Annual changes in productivity, hourly compensation, unit costs, and prices, 1973-83 .................................................... Quarterly indexes of productivity, hourly compensation, unit costs, and prices, seasonally adjusted .............................. Percent change from preceding quarter and year in productivity, hourly compensation, unit costs, and p r ic e s.............. Wage and compensation data. Definitions and notes 69 69 75 76 77 78 80 80 81 82 83 83 84 84 85 ...................................................................................................... Employment Cost Index, by occupation and industry group ......................................................................................................... Employment Cost Index, wages and salaries, by occupation and industry group .................................................................. Employment Cost Index, private nonfarm workers, by bargaining status, region, and area size ....................................... Wage and compensation change, major collective bargaining settlements, 1978 to d a te ....................................................... Effective wage adjustments in collective bargaining units covering 1,000 workers or more, 1978 to date ..................... 86 87 88 89 90 90 Work stoppage data. Definition ........................................................................................................ 91 38. Work stoppages involving 1,000 workers or more, 1947 to date ............................................................................................... 91 33. 34. 35. 36. 37. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 53 NOTES ON CURRENT LABOR STATISTICS T h is s e c tio n o f th e Review quarter to quarter are published for numerous Consumer and Producer Price Index series. However, seasonally adjusted indexes are not published for the U .S. average All Items CPI. Only seasonally adjusted percent changes are available for this series. p re se n ts th e p rin c ip a l sta tistic a l series c o lle c te d a n d c a lc u la te d by th e B u re au o f L a b o r S ta tistic s . A b rie f in tro d u c tio n to e a c h g ro u p o f ta b le s p ro v id e s d e fin itio n s , n o te s on th e d a ta , s o u rc e s , an d o th e r m a te ria l u su a lly fo u n d in fo o tn o te s. R e a d e rs w h o n e e d a d d itio n a l in fo rm a tio n are in v ite d to c o n su lt 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. th e B L S re g io n a l o ffices lis te d o n th e in sid e fro n t c o v e r o f th is issu e o f th e Review. S o m e g e n e ra l n o te s a p p lic a b le to se v e ra l se ries are g iv e n b e lo w . 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 1984 issue o f the R eview, to reflect experience through 1983. Beginning in January 1980, the BLS introduced two major modifications in the seasonal adjustment methodology for labor force data. First, the data are being seasonally adjusted with a new procedure called X -11/ ARIMA, which was developed at Statistics Canada as an extension of the standard X -11 method. A detailed description of the procedure appears in The X-1I 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 o f the seasonally adjusted payroll data shown in tables 11, 13, and 15 were made in July 1984 using the X -l 1 ARIMA seasonal adjustment methodology. New seasonal factors for productivity data in tables 29 and 30 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month to month and from Availability of information. Data that supplement the tables in this section are published by the Bureau of Labor Statistics in a variety of sources. Press releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule given below. More information from household and establishment surveys is provided in Employment and Earnings, a monthly publication o f the Bureau. Comparable household information is published in a two-volume data book-L a b o r Force Statistics Derived From the Current Population Survey, Bulletin 2096. Comparable establishment information appears in two data books-Em ploym ent and Earnings, United States, and Employ ment and Earnings, States and Areas, and their annual supplements. More detailed information on wages and other aspects of collective bargaining appears in the monthly periodical, Current Wage Developments. More detailed price information is published each month in the periodicals, the CPI D etailed 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 ed u le of release dates fo r BLS statistical series S e r ie s R e le a s e P e r io d R e le a s e P e r io d R e le a s e P e r io d M L R t a b le d a te co v e re d d a te c o v e re d d a te c o v e re d num ber Employment situation ................................. October 5 September November 2 October December 7 November 1-11 Producer Price Index ................................. October 12 September November 9 October December 14 November 23-27 Consumer Price Index................................. October 24 September November 21 October December 20 November 19-22 Real earnings.............................................. October 24 September November 21 October December 20 November 12-16 36-37 Productivity and costs: 3rd quarter 29-32 3rd quarter 3rd quarter 33-35 1983 54 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 29-32 EMPLOYMENT DATA FROM THE HOUSEHOLD SURVEY E m p l o y m e n t d a t a in this section are obtained from the Current Population Survey, a program of personal interviews conducted monthly by the Bureau of the Census for the Bureau of Labor Statistics. The sample consists of about 60,000 households selected to represent the U.S population 16 years of age and older. House holds are interviewed on a rotating basis, so that three-fourths of the sample is the same for any 2 consecutive months. 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 tem porarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. Members o f the Arm ed 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 num ber 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 num ber unemployed as a percent of the labor force, including the resident Armed Forces. The unemployment 1. rate for all civilian workers represents the num ber unemployed as a percent o f the civilian labor force. The labor force consists of all employed or unemployed civilians plus m em bers 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 tarium s, or hom es 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 o f the noninstitutional population that is in the labor force. The employment-population ratio is total employm ent (including the resident Armed Forces) as a percent of the noninstitutional population. Notes on the data From time to tim e, and especially after a decennial census, adjustments are m ade in the Current Population Survey figures to correct for estimating errors during the preceding years. These adjustm ents 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 o f Employment and Earnings. Data in tables 2 - 8 are seasonally adjusted, based on the seasonal ex perience through Decem ber 1983. E m ploym ent status of the noninstitutional population, 16 years and over, selected years, 1 9 5 0 -8 3 [N u m b ers in thousands] L a b o r to rc e E m p lo y e d U n e m p lo y e d N o n in s t iYear t u t io n a i p o p u la tio n N um ber P e r c e n t ot p o p u la tio n N o t in C i v ilia n T o ta l P e rc e n t of p o p u la tio n R e s id e n t P erc e n t of N o n a g r i- A rm e d F o rc e s T o ta l A g r ic u lt u r e Num ber c u ltu r a l la b o r f o r c e la b o r fo rc e i n d u s tr ie s 1950 .............. 1955 .............. 1960 .............. 106,164 111,747 119,106 63,377 67,087 71,489 59.7 60.0 60.0 1965 1966 1967 1968 1969 .............. .............. .............. .............. .............. 128,459 130,180 132,092 134,281 136,573 76,401 77,892 79,565 80,990 82,972 1970 1971 1972 1973 1974 .............. .............. .............. .............. .............. 139,203 142,189 145,939 148,870 151,841 1975 1976 1977 1978 1979 .............. .............. .............. .............. .............. 1980 1981 1982 1983 .............. .............. .............. .............. 154,831 157,818 160,689 153,541 166,460 169,349 171,775 173,939 175,891 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 56.6 57.5 56.8 1,169 2,064 1,861 58,918 62,170 65,778 7,160 6,450 5,458 51,758 55,722 60,318 3,288 2,852 3,852 5.2 4.3 5.4 42,787 44,660 46,617 59.5 59.8 60.2 60.3 60.8 60,087 64,234 67,639 73,034 75,017 76,590 78,173 80,140 56.9 57.6 58.0 58.2 58.7 1,946 2,122 2,218 2,253 2,238 71,088 72,895 74,372 75,920 77,902 4,361 3,979 3,844 3,817 3,606 66,726 68,915 70,527 72,103 74,296 3,366 2,875 2,975 2,817 2,832 4.4 3.7 3.7 3.5 3.4 52,058 52,288 52,527 53,291 53,602 84,889 86,355 88,847 91,203 93,670 61.0 60.7 60.9 61.3 61.7 80,796 81,340 83,966 86,838 88,515 58.0 57.2 57.5 58.3 58.3 2,118 1,973 1,813 1,774 1,721 78,678 79,367 82,153 85,064 86,794 3,463 3,394 3,484 3,470 3,515 75,215 75,972 78,669 81,594 83,279 4,093 5,016 4,882 4,355 5,156 4.8 5.8 5.5 4.8 5.5 54,315 55,834 57,091 57,667 58,171 95,453 97,826 100,665 103,882 106,559 108,544 110,315 111,872 113,226 61.6 62.0 62.6 63.5 64.0 64.1 65.2 64.3 64.4 87,524 90,420 93,673 97,679 100,421 56.5 57.3 58 3 59.7 60.3 1,678 1,668 1,656 1,631 1,597 85,845 88,752 92.017 96,048 98,824 3,408 3,331 3,283 3,387 3,347 82,438 85,421 88,734 92,661 95,477 7,929 7,406 6,991 6,202 6,137 8.3 7.6 6.9 6.0 5.8 59,377 59,991 60,025 59,659 59,900 100,907 102,042 101,194 102,510 59.6 59 4 58.2 58.3 1,604 1,645 1,668 1,676 99,303 100,397 99,526 100,834 3,364 3,368 3,401 3,383 95,938 97,030 96,125 97,450 7,637 8,273 10,578 10,717 7.0 7.5 9.5 9.5 60,806 61,460 62,067 62,665 55 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Household Data 2. E m p lo ym en t status of the popu lation , including A rm ed Forces in the U nited S tates, by sex, seasonally adjusted [Numbers in thousands] A n n u al ave ra g e 1983 1984 E m p lo y m e n t s t a tu s a n d s e x 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly A ug. TO TAL Noninstitutional population1 2 ...................... Labor force2 ............................................ Participation rate3 ......................... Total employed2 Employment-population rate4 . . . . Resident Armed Forces1 ................... Civilian employed.............................. Agriculture .................................... Nonagricultural industries.............. Unemployed......................................... Unemployment rate5 ...................... Not in labor force .................................... 173.939 111,872 64.3 101,194 58.2 1,668 99,526 3,401 96,125 10,678 9.5 62,067 175,465 112,646 64.2 101,277 57.7 1,671 99,606 3,392 96,214 11,369 10.1 62,819 176,122 113,799 64.6 103,166 58.6 1,682 101,484 3,449 98,035 10,633 9.3 62,323 176,297 113,924 64.6 103,571 58.7 1,695 101,876 3,308 98,568 10,353 9.1 62,373 176,474 113,561 64.3 103,665 58.7 1,695 101,970 3,240 98,730 9,896 8.7 62,913 176,636 113,720 64.4 104,291 59.0 1,685 102,606 3,257 99,349 9,429 8.3 62,916 176,809 113,824 64.4 104,629 59.2 1,688 102,941 3,356 99,585 9,195 8.1 62,985 177,219 113,901 64.3 104,876 59.2 1,686 103,190 3,271 99,918 9,026 7.9 63,318 177,363 114,377 64.5 105,576 59.5 1,684 103,892 3,395 100,496 8,801 7.7 62,986 177,510 114,598 64.6 105,826 59.6 1,686 104,140 3,281 100,859 8,772 7.7 62,912 177,662 114,938 64.7 106,095 59.7 1.693 104,402 3,393 101,009 8,843 7.7 62,724 83,052 63,979 77.0 57,800 69.6 1,527 56,271 6,179 9.7 84,064 64,580 76.8 58,320 69.4 1,533 56,787 6,260 9.7 84,173 64,807 77.0 58,607 69.6 1,538 57,069 6,200 9.6 84,261 64,877 77.0 58,828 69.8 1,549 57,279 6,049 9.3 84,344 64,709 76.7 58,950 69.9 1,543 57,407 5,759 8.9 84,423 64,846 76.8 59,389 70.3 1,534 57,855 5,457 8.4 84,506 64,838 76.7 59,580 70.5 1,537 58,043 5,258 8.1 84,745 64,930 76.6 59,781 70.5 1,542 58,239 5,149 7.9 84,811 65,093 76.8 60,147 70.9 1,540 58,607 4,946 7.6 84,880 65,156 76.8 60,290 71.0 1,542 58,748 4,867 7.5 84,953 65,212 76.8 60,293 71.0 1,548 58,745 4,919 7.5 85,024 65,307 76.8 60,629 71.3 1,545 59,084 4,678 7.2 85,101 65,452 76.9 60,923 71.6 1,545 59,378 4,529 6.9 85,179 65,362 76.7 60,607 71.2 1,551 59,056 4,756 7.3 85,257 65,244 76.5 60,661 71.2 1,563 59,098 4,583 7.0 90,887 47,894 52.7 43,395 47.7 139 43,256 4,499 9.4 91,827 48,646 53.0 44,190 48.1 143 44,047 4,457 9.2 91,949 48,992 53.3 44,559 48.5 144 44,415 4,433 9.0 92,036 49,047 53.3 44,743 48.6 146 44,597 4,304 8.8 92,129 48,852 53.0 44,715 48.5 152 44,563 4,137 8.5 92,214 48,874 53.0 44,902 48.7 151 44,751 3,972 8.1 92,302 48,986 53.1 45,049 48.8 151 44,898 3,937 8.0 92,474 48,971 53.0 45,094 48.8 144 44,950 3,876 7.9 92,552 49,283 53.2 45,429 49.1 144 45,285 3,855 7.8 92,630 49,442 53.4 45,536 49.2 144 45,392 3.905 7.9 92,709 49,725 53.6 45,802 49.4 145 45,657 3,924 7.9 92,789 50,186 54.1 46,350 50.0 145 46,205 3,836 7.6 92,873 50,115 54.0 46,515 50.1 145 46,370 3,600 7.2 92,958 50,273 54.1 46,486 50.0 147 46,339 3,787 7.5 93,039 49,963 53.7 46,020 49.5 149 45,871 3,943 7.9 177,813 177,974 115,493 115,567 65.0 64.9 106,978 107,438 60.2 60.4 1,690 1,690 105,288 105,748 3,389 3,403 101,899 102,344 8,514 8,130 7.4 7.0 62,320 62,407 178,138 178,295 115,636 115,206 64.9 64.6 107,093 106,681 59 8 60.1 1,698 1,712 105,395 104,969 3,224 3,345 102,050 101,744 8,543 8,526 7.4 7.4 62,503 63,089 M e n , 1 6 y e a rs an d o ver Noninstitutional population1'2 ...................... Labor force2 ............................................ Participation rate3 ......................... Total employed2 .................................... Employment-population rate4 . . . Resident Armed Forces1 ................... Civilian employed.............................. Unemployed......................................... Unemployment rate5 ...................... W o m e n , 16 y e a rs and o ver Noninstitutional population1'2 ...................... Labor force2 ............................................ Participation rate3 ......................... Total employed2 .................................... Employment-population rate4 . . . . Resident Armed Forces1 ................... Civilian employed.............................. Unemployed......................................... Unemployment rate5 ...................... 1The population and Armed Forces figures are not adjusted tor seasonal variation. includes members of the Armed Forces stationed in the United States. 3Labor force as a percent of the noninstitutional population. 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4Total employed as a percent of the noninstitutional population. Unemployment as a percent of the labor force (including the resident Armed Forces). 3. E m p lo ym en t status of th e civilian population by sex, age, race, and H ispanic origin, seaso n ally adjusted [N u m b ers in thousands] 1983 A n n u al av e ra g e 1984 E m p lo y m e n t s ta tu s 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly A ug. TO TAL Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Unemployed......................................... Unemployment rate ...................... Not in labor force .................................... 172,271 110,204 64.0 99,526 57.8 10,678 9.7 62,067 174,215 111,550 64.0 100,834 57.9 10,717 9.6 62,665 174,440 112,117 64.3 101,484 58.2 10,633 9.5 62,323 174,602 112,229 64.3 101,876 58.3 10,353 9.2 62,373 174,779 111,866 64.0 101,970 58.3 9,896 8.8 62,913 174,951 112,035 64.0 102,606 58.6 9,429 8.4 62,916 175,121 112,136 64.0 102,941 58.8 9,195 8.2 62,985 175,533 112,215 63.9 103,190 58.8 9,026 8.0 63,318 175,679 112,693 64.1 103,892 59.1 8,801 7.8 62,986 175,824 112,912 64.2 104,140 59.2 8,772 7.8 62,912 175,969 113,245 64.4 104,402 59.3 8,843 7.8 62,724 176,123 113,803 64.6 105,288 59.8 8,514 7.5 62,320 176,284 113,877 64.6 105,748 60.0 8,130 7.1 62,407 176,440 113,938 64.6 105,395 59.7 8,543 7.5 62,502 176,583 113,494 64.3 104,969 59.4 8,526 7.5 63,089 73,644 57,980 78.7 52,891 71.8 2,422 50,469 5,089 8.8 74,872 58,744 78.5 53,4897 71.4 2,429 51,058 5,257 8.9 75,012 58,954 78.6 53,804 71.7 2,475 51,329 5,150 8.7 75,115 59,012 78.6 53,947 71.8 2,431 51,516 5,065 8.6 75,216 58,949 78.4 54,140 72.0 2,376 51,764 4,809 8.2 75,327 59,053 78.4 54,457 72.3 2,336 52,121 4,596 7.8 75,433 59,050 78.3 54,658 72.5 2,374 52,284 4,392 7.4 75,692 59,299 78.3 54,999 72.7 2,356 52,643 4,300 7.3 75,786 59,394 78.4 55,266 72.9 2,409 52,857 4,128 7.0 75,880 59,388 78.3 55,368 73.0 2,364 53,004 4,020 6.8 75,973 59,480 78.3 55,385 72.9 2,453 52,932 4,095 6.9 76,073 59,546 78.3 55,685 73.2 2,451 53,234 3,861 6.5 76,176 59,726 78.4 55,970 73.5 2,469 53,501 3,755 6.3 76,269 59,694 78.3 55,789 73.1 2,455 53,334 3,906 6.5 76,350 59,752 78.3 55,899 73.2 2,392 53,507 3,853 6.4 82,864 43,699 52.7 40,086 48.4 601 39,485 3,613 8.3 84,069 44,636 53.1 41,004 48.8 620 40,384 3,632 8.1 84,224 44,896 53.3 41,298 49.0 627 40,671 3,598 8.0 84,333 45,062 53.4 41,550 49.3 581 40,969 3,512 7.8 84,443 44,936 53.2 41,570 49.2 597 40,973 3,366 7.5 84,553 44,953 53.2 41,738 49.4 638 41,100 3,215 7.2 84,666 45,024 53.2 41,843 49.4 653 41,190 3,181 7.1 84,860 44,981 53.0 41,798 49.3 625 41,174 3,182 7.1 84,962 45,258 53.3 42,138 49.6 640 41,498 3,120 6.9 85,064 45,459 53.4 42,315 49.7 574 41,741 3,144 6.9 85,168 45,703 53.7 42,517 49 9 619 41,898 3,186 7.0 85,272 46,222 54.2 43,098 50.5 610 42,487 3,124 6.8 85,380 46,101 54.0 43,146 50.5 623 42,523 2,955 6.4 85,488 46,261 54.1 43,088 50.4 573 42,515 3,173 6.9 85,581 46,082 53.8 42,819 50.0 563 42,255 3,264 7.1 15,763 8,526 54.1 6,549 41.5 378 6,171 1,977 23.2 15,274 8,171 53.5 6,342 41.5 334 6,008 1,829 22.4 15,204 8,267 54.4 6,382 42.0 347 6,035 1,885 22.8 15,154 8,155 53.8 6,379 42.1 296 6,083 1,776 21.8 15,120 7,981 52 8 6,260 41.4 267 5,993 1,721 21.6 15,072 8,029 53.3 6,411 42.5 283 6,128 1,618 20.2 15,022 8,062 53.7 6,440 42.9 329 6,111 1,622 20.1 14,981 7,935 53.0 6,392 42.7 290 6,102 1,543 19.4 14,931 8,041 53.9 6,488 43.5 346 6,142 1,553 19.3 14,880 8,065 54.2 6,457 43.4 343 6,114 1,608 19.9 14,828 8,062 54.4 6,500 43 8 321 6,179 1,562 19.4 14,778 8,034 54.4 6,505 44.0 327 6,178 1,529 19.0 14,728 8,050 54.7 6,631 45.0 311 6,320 1,419 17.6 14,683 7,982 54.4 6,518 44.4 317 6,201 1,464 18.3 14,653 7,660 52.3 6,251 42.7 269 5,982 1,409 18.4 149,441 96,143 64.3 87,903 58.8 8,241 8.6 150,805 97,021 64.3 88,893 58.9 8,128 8.4 151,003 97,498 64.6 89,503 59.3 7,995 8.2 151,021 97,507 64.6 89,693 59.4 7,814 8.0 151,175 97,339 64.4 89,851 59.4 7,488 7.7 151,324 97,559 64.5 90,430 59.8 7,129 7.3 151,484 97,724 64.5 90,779 59.9 6,945 7.1 151,939 97,813 64.4 91,044 59.9 6,768 6.9 152,079 98,167 64.6 91,544 60.2 6,623 6.7 152,285 98,424 64.6 91,845 60.3 6,580 6.7 152,178 98,495 64.7 91,933 60.4 6,562 6.7 152,229 98,853 64.9 92,505 60.8 6,348 6.4 152,295 98,770 64.9 92,697 60.9 6,072 6.1 152,286 98,710 64.8 92,430 60.7 6,280 6.4 152,402 98,156 64.4 91,850 60 3 6,306 6.4 18,584 11,331 61.0 9,189 49.4 2,142 18.9 18,925 11,647 61.5 9,375 49.5 2,272 19.5 18,966 11,724 61.8 9,408 49.6 2,316 19.8 18,994 11,720 61.7 9,504 50.0 2,216 18.9 19,026 11,565 60.8 9,449 49.7 2,116 18.3 19,057 11,623 61.0 9,563 50.2 2,060 17.7 19,086 11,650 61.0 9,582 50.2 2,068 17.8 19,196 11,660 60.7 9,707 50.6 1,953 16.7 19,222 11,881 61.8 9,958 51.8 1,923 16.2 19,248 11,867 61.7 9,896 51.4 1,972 16.6 19,274 11,934 61.9 9,923 51.5 2,011 16.8 19,302 12,008 62.5 10,105 52.4 1,903 15.8 19,330 11,962 61.9 10,168 52.6 1,795 15.0 19,360 12,076 62 4 10,041 51.9 2,035 16.9 19,386 12,176 62.8 10,226 52.8 1,950 16.0 9,400 5,983 63.6 5,158 54.9 825 13.8 12,771 8,119 63.6 6,995 54.8 1,124 13.8 9,690 6,145 63.4 5,350 55.2 795 12.9 9,700 6,202 63.9 5,392 55.6 810 13.1 9,745 6,165 63.3 5,398 55.4 767 12.4 9,677 6,232 64.4 5,463 56.5 769 12.3 9,735 6,267 64.4 5,540 56.9 727 11.6 9,778 6,336 64.8 5,627 57.6 708 11.2 9,906 6,292 63.5 5,652 57.1 639 10.2 10,080 6,484 64.3 5,751 57.1 733 11.3 10,072 6,378 63.3 5,643 56.0 735 11.5 10,026 6,332 63.2 5,666 56.5 666 10.5 9,824 6,298 64.1 5,669 57.7 629 10.0 9,738 6,293 64.6 5,626 57.8 667 10.6 9,785 6,271 64.1 5,600 57.2 672 10.7 M e n , 2 0 y e a rs and over Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Agriculture......................................... Nonagricultural industries ................ Unemployed......................................... Unemployment rate ...................... W o m e n , 2 0 y e a rs an d o ver Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Agriculture......................................... Nonagricultural industries ................ Unemployed......................................... Unemployment rate ...................... B o th s e x e s , 1 6 t o 1 9 y e a r s Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Agriculture......................................... Nonagricultural industries ................ Unemployed......................................... Unemployment rate ...................... W h it e Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Unemployed......................................... Unemployment rate ...................... B la c k Civilian noninstitutional population1 .............. Civilian labor fo rc e ................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Unemployed......................................... Unemployment rate ...................... H i s p a n ic o r ig in Civilian noninstitutional population1 .............. Civilian labor fo rc e .................................... Participation ra te ........................... Employed ............................................ Employment-population ratio2 . . . . Unemployed......................................... Unemployment rate ...................... 1The population figures are not seasonally adjusted. ^Civilian employment as a percent of the civilian noninstitutional population. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTE: Detail for the above race and Hispanic-origin groups will not sum to totals because data for the “ other races” groups are not presented and Hispanics are included in both the white and black population groups. 57 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Household Data 4. S elected em ploym ent indicators, seasonally adjusted [In thousands] 1984 1983 A nnu al ave ra g e S e le c t e d c a t e g o r ie s 1982 1983 A ug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly A ug. C H A R A C T E R IS T IC 101,484 101,876 101,970 102,606 102,941 103,190 103,892 104,140 104,402 105,288 105,748 105,395 104,969 57,069 57,279 57,407 57,855 58,043 58,239 58,607 58,748 58,745 59,084 59,378 59,056 59,098 44,415 44,597 44,563 44,751 44,898 44,950 45,285 45,392 45,657 46,205 46,370 46,339 45,871 38,281 38,232 38,240 38,388 38,494 38,682 38,911 38,927 39,062 39,159 39,072 39,121 39,029 24,905 24,921 24,953 25,057 25,140 24,947 25,212 25,239 25,457 25,722 25,786 25,716 25,764 5,444 5,491 5,254 5,293 5,346 5,668 5,688 5,662 5,507 5,124 5,172 5,236 5,096 99,526 56,271 43,256 38,074 24,053 5,099 100,834 56,787 44,047 37,967 24,603 5,091 Agriculture: Wage and salary workers .............................. Self-employed workers ................................. Unpaid family workers................................... 1,505 1,636 261 1,579 1,565 240 1,628 1,564 240 1,572 1,515 236 1,505 1,527 227 1,481 1,556 224 1,512 1,572 265 1,443 1,613 233 1,560 1,609 232 1,515 1,580 198 1,661 1,534 207 1,610 1,537 246 1,604 1,570 212 1,513 1,559 230 1,425 1,568 208 Nonagricultural industries: Wage and salary workers .............................. Government............................................ Private industries................................... Private households ........................ Other .............................................. Self-employed workers ................................. Unpaid family workers................................... 88,462 15,562 72,945 1,207 71,738 7,262 401 89,500 15,537 73,963 1,247 72,716 7,575 376 90,032 15,671 74,361 1,270 73,091 7,641 375 90,743 15,560 75,183 1,279 73,904 7,656 380 90,617 15,578 75,039 1,278 73,761 7,695 405 91,094 15,585 75,509 1,216 74,293 7,800 474 91,422 15,481 75,941 1,241 74,700 7,734 450 91,641 15,535 76,106 1,197 74,909 7,936 364 92,379 15,822 76,557 1,219 75,339 7,849 330 92,819 15,813 77,006 1,155 75,851 7,755 326 92,931 15,784 77,147 1,296 75,851 7,834 338 93,928 15,761 78,167 1,347 76,820 7,707 311 94,040 15,685 78,355 1,329 77,026 7,828 348 93,841 15,604 78,236 1,239 76,997 7,717 306 93,554 15,782 77,772 1,181 76,591 7,829 324 90,552 72,245 5,852 2,169 3,683 12,455 92,038 73,624 5,997 1,826 4,171 12,417 91,953 73,499 5,866 1,742 4,124 12,588 93,322 74,666 6,027 1,771 4,256 12,629 93,273 75,047 5,724 1,617 4,107 12,502 93,834 75,398 5,848 1,719 4,129 12,588 94,173 75,802 5,712 1,672 4,040 12,659 94,707 76,237 5,943 1,771 4,172 12,527 95,067 76,715 5,808 1,611 4,197 12,545 94,982 77,004 5,463 1,472 3,991 12,515 96,918 78,276 5,593 1,530 4,063 13,049 96,523 78,280 5,353 1,549 3,804 12,889 96,500 78,496 5,491 1,654 3,837 12,514 96,848 78,659 5,300 1,589 3,711 12,889 96,921 78,799 5,324 1,749 3,576 12,797 Civilian employed, 16 years and over ................... M en............................................................... Women......................................................... Married men, spouse present......................... Married women, spouse present ................... Women who maintain families ...................... M A J O R IN D U S T R Y A N D C L A S S O F W O R K E R PERSONS AT W O R K 1 Nonagricultural industries...................................... Full-time schedules ...................................... Part time for economic reasons...................... Usually work full time ........................... Usually work part tim e ........................... Part time for noneconomic reasons................ 1Excludes persons "with a job but not at work” during the survey period for such reasons as vacation, illness, or industrial disputes. 5. S elected unem ploym ent indicators, seasonally adjusted [U n em p lo y m en t rates] 1984 1983 A n n u al a verag e S e le c t e d c a t e g o r ie s 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly Aug. Total, all civilian w orkers...................................... Both sexes, 16 to 19 ye a rs........................... Men, 20 years and ov e r................................. Women, 20 years and o v e r........................... 9.7 23.2 8.8 8.3 9.6 22 4 8.9 8.1 9.5 22.8 8.7 8.0 9.2 21.8 8.6 7.8 8.8 21.6 8.2 7.5 8.4 20.2 7.8 7.2 8.2 20.1 7.4 7.1 8.0 19.4 7.3 7.1 7.8 19.3 7.0 6.9 7.8 19 9 6.8 6.9 7.8 19.4 6.9 7.0 7.5 19.0 6.5 6.8 7.1 17.6 6.3 6.4 7.5 18.3 6.5 6.9 7.5 18.4 6.4 7.1 White, to ta l.................................................... Both sexes, 16 to 19 years ................... Men, 16 to 19 years ...................... Women, 16 to 19 years ................ Men, 20 years and o v e r........................ Women, 20 years and over ................... 8.6 20.4 21.7 19.0 7.8 7.3 8.4 19.3 20.2 18.3 7.9 6.9 8.2 19.5 20.7 18.2 7.7 6.7 8.0 18.2 18.9 17.4 7.7 6.6 7.7 18.5 19.8 16.9 7.3 6.3 7.3 17.2 17.6 16.6 6.9 6.0 7.1 17.0 17.5 16.5 6.7 5.9 6.9 16.2 17.8 14.5 6.3 6.0 6.7 16.5 16.4 16.7 6.1 5.8 6.7 17.1 17.3 16.8 58 5.9 6.7 16.2 16.6 15.7 5.9 6.0 6.4 16.2 16.8 15.5 5.6 5.8 6.1 15.5 16.5 14.5 5.3 5.6 6.4 15.3 17.8 12.6 5.5 5.9 6.4 15.9 16.2 15.5 5.5 6.0 Black, to ta l.................................................... Both sexes, 16 to 19 years ................... Men, 16 to 19 years ...................... Women, 16 to 19 years ................ Men, 20 years and o v e r........................ Women, 20 years and over ................... 18.9 48.0 48.9 47.1 17.8 15.4 19.5 48.5 48.8 48.2 18.1 16.5 19.8 51.4 53.7 48.8 18.2 16.4 18.9 51.1 52.7 49.2 16.9 16.1 18.3 48.7 45.6 52.2 16.3 15.9 17.7 47.3 44.9 50.0 15.6 15.6 17.8 49.0 46.4 51.9 15.1 15.9 16.7 47.9 47.1 48.8 14.8 14.3 16.2 43.5 46.7 39.9 14.1 14.4 16.6 46.7 44.4 49.6 15.4 13.5 16.8 44.8 42.8 47.1 16.0 13.4 15.8 44.1 40.9 48.2 14.1 13.6 15.0 34.3 35.3 33.1 14.8 12.4 16.9 42.4 42.6 42.1 15.7 14.0 16.0 41.7 40.6 42 9 14.2 14.1 Hispanic origin, total...................................... 13.8 13.8 12.9 13.1 12.4 12.3 11.6 11.2 10.2 11.3 11.5 10.5 10.0 10.6 10.7 Married men, spouse present........................ Married women, spouse present ................... Women who maintain families ...................... 6.5 7.4 11.7 6.5 7.0 12.2 6.3 6.9 11.8 6.1 6.8 12.0 5.7 6.3 11.4 5.5 6.0 10.5 5.2 6.1 10.9 5.0 6.0 10.7 4.9 5.9 11.0 4.7 5.8 11.0 4.7 5.8 10.5 4.5 5.8 9.8 4.5 5.6 9.6 4.6 5.9 9.6 4.4 6.0 10.5 Full-time workers............................................ Part-time workers ......................................... Unemployed 15 weeks and over ................... Labor force time lost1 ................................... 9.6 10.5 3.2 11,0 9.5 10.4 3.8 10.9 9.3 10.2 3.6 10.7 9.1 10.1 3.5 10.5 8.7 10.0 3.3 10.0 8.2 9.8 3.1 9.7 8.0 9.8 3.0 9.4 7.8 9.2 2.9 9.2 7.5 9.3 2.6 8.9 7.5 9.2 2.5 8.8 7.6 9.1 2.5 8.9 7.2 9.3 2.5 8.5 6.7 10.3 2.3 8.3 7.2 9.6 2.4 8.7 7.2 9.6 2.3 8.5 10.1 13.4 20.0 12.3 13.3 10.8 6.8 10.0 6.9 4.9 14.7 9.9 17.0 18.4 11.2 12.1 10.0 7.4 10.0 7.2 5.3 16.0 9.8 14.9 17.9 11.2 11.7 10.5 7.7 9.8 7.2 5.1 15.1 9.4 16.9 18.1 10.2 10.9 9.3 7.4 9.5 7.0 5.0 16.5 9.0 12.1 15.8 9.6 10.2 8.7 7.2 9.8 6.9 5.1 16.2 8.6 12.8 15.6 8.9 9.0 8.7 6.7 9.1 6.7 4.9 15.7 8.3 12.4 16.3 8.3 8.3 8.2 6.5 8.8 6.6 5.0 15.6 7.9 10.9 15.0 8.4 8.0 8.9 5.1 8.4 6.3 5.0 15.5 7.8 12.2 15.1 7.5 7.3 7.8 5.9 8.3 6.3 4.5 14.0 7.6 11.2 13.3 7.5 7.8 7.2 5.0 8.3 6.4 4.4 14.6 7.7 10.3 14.3 7.7 7.5 8.0 5.4 8.7 6.1 4.4 12.2 7.2 8.9 14.8 7.1 7.0 7.1 5.5 7.9 5.5 4.7 13.9 7.0 7.1 14.8 7.2 7.2 7.3 5.2 7.2 5.4 4.1 11.8 7.4 7.5 14.7 7.5 6.7 8.6 6.1 7.8 5.9 4.5 14.6 7.5 10.3 14.0 7.5 6.9 8.3 6.2 7.8 6.1 4.3 12.8 C H A R A C T E R IS T IC IN D U S T R Y Nonagricultural private wage and salary workers . . Mining ......................................................... Construction ................................................. Manufacturing .............................................. Durable goods ...................................... Nondurable goods ................................. Transportation and public utilities................... Wholesale and retail trade.............................. Finance and service industries ...................... Government workers ............................................ Agricultural wage and salary workers ................... 1Aggregate hours lost by the unemployed and persons on part time for economic reasons as a percent of potentially available labor force hours. 58 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6. U n em p lo ym en t rates by sex and age, seasonally adjusted [Civilian w orkers] 1983 A n n u al a verag e 1984 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly Aug. Total, 16 years and over ...................................... 16 to 24 years ................................................. 16 to 19 ye a rs.............................................. 16 to 17 years............................................ 18 to 19 years............................................ 20 to 24 ye a rs............................................... 25 years and over ............................................ 25 to 54 years............................................ 55 years and over ...................................... 9.7 17.8 23.2 24 9 22.1 14.9 7.4 7.9 5.0 9.6 17.2 22.4 24.5 21.1 14.5 7.5 8.0 5.3 9.5 17.2 22.8 24.8 21.6 13.9 7.3 7.8 5.1 9.2 16.5 21.8 24.0 20.5 14.4 7.2 7.7 5.2 8.8 16.3 21.6 24.0 20.3 13 8 6.8 7.2 5.0 8.4 15.4 20.2 21.9 19.3 13.6 6.5 6.9 4.9 8.2 14.9 20.1 22.9 18.8 13.0 6.4 6.8 4.9 8.0 14.8 19.4 21.9 17.6 12.2 6.2 6.5 4.7 7.8 14.2 19.3 22.1 17.5 12.5 6.1 6.4 4.3 7.8 14.4 19.9 23.1 18.1 11.6 5.9 6.3 4.3 7.8 14.6 19.4 22.3 17.5 11.6 6.0 6.3 4.2 7.5 14.0 19.0 20.2 18.2 12.2 5.7 6.0 4.4 7v1. 13.0 17.6 19.7 16.3 11.5 5.6 5.7 4.6 7.5 13.6 18.3 20.5 16.7 10.7 5.9 6.2 4.4 7.5 14.0 18.4 21.4 16.7 11.8 5.8 6.1 4.6 Men, 16 years and o v e r................................. 16 to 24 years............................................ 16 to 19 years ...................................... 16 to 17 years.................................... 18 to 19 years.................................... 20 to 24 years ...................................... 25 years and over ...................................... 25 to 54 years................................... 55 years and over .............................. 9.9 19.1 24.4 26.4 23.1 16.4 7.5 8.0 5.1 9.9 18.4 23 3 25 2 22.2 15.9 7.8 8.2 5.6 9.8 18.6 24.3 26.0 23.2 15.7 7.5 8.0 5.4 9.6 17.6 22.8 23.9 22.2 15.0 7.5 8.0 5.6 9.1 17.3 22.5 24.3 21.6 14.7 7.0 7.4 5.4 8.6 15.9 20.2 22.0 19.6 13.8 6.8 7.1 5.4 8.3 15.6 20.4 23.3 18.9 13.3 6.5 6.7 5.4 8.1 15.6 20.8 21.6 19.6 13.1 6.2 6.6 4.8 7.8 14.6 19.7 21.6 18.1 12.1 6.1 6.4 4.5 7.7 14.6 20.0 23.0 18.2 11.9 5.9 6.1 4.6 7.7 15.0 19.7 23.7 17.3 12.7 5.9 6.2 4.4 7.3 14.0 19.4 21.3 18.3 11.5 5.7 5.9 4.5 7.1 13.7 18.5 22.7 16.1 11.4 5.4 5.6 4.3 7.5 14.6 20.6 23.0 18.8 11.7 5.7 5.9 4.6 7.2 14.3 18.6 22.1 16.5 12.3 5.5 5.7 4.6 Women, 16 years and o v e r........................... 16 to 24 years............................................ 16 to 19 years ...................................... 16 to 17 years................................... 18 to 19 years................................... 20 to 24 years ...................................... 25 years and over ...................................... 25 to 54 years .................................... 55 years and over .............................. 9.4 16.2 21.9 23.2 21.0 13.2 7.3 7.7 4.8 9.2 15.8 21.3 23.7 19.9 12.9 7.2 7.7 4.7 9.1 15.7 21.1 23.4 19.9 12.8 7.0 7.5 4.7 8.8 15.2 20.6 24.0 18.5 12.5 6.9 7.3 4.5 8.5 15.1 20.5 23.6 18.8 12.3 6.5 7.0 4.4 8.2 14.7 20.1 21.8 19.0 12.0 6.2 6.6 4.1 8.1 14.0 19.8 22.5 18.7 11.0 6.3 6.8 4.3 7.9 13.9 18.0 22.2 15.4 11.7 6.2 6.5 4.5 7.8 13.7 18.9 22.6 16.9 11.0 6.1 6.5 4.0 7.9 14.2 19.8 23.1 18.1 11.3 6.0 6.5 3.9 7.9 14.1 19.0 20.8 17.8 11.6 6.0 6.4 3.9 7.7 14.0 18.6 19.0 18.1 11.6 5.8 6.1 4.3 7.2 12.2 16.7 16.4 16.5 9.9 5.8 5.8 5.0 7.6 12.5 15.9 17.9 14.4 10.8 6.1 6.5 4.2 7.9 13.7 18.2 20.6 16.9 11.4 6.3 6.6 4.4 7. U nem p loyed persons by reason for unem ploym ent, seasonally adjusted [N u m b ers in thousands] 1983 A n n u al av e ra g e R e a s o n to r u n e m p lo y m e n t Job losers ............................................................ On layoff ....................................................... Other job losers ............................................ Job leavers............................................................ Reentrants............................................................ New entrants......................................................... 1984 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly Aug. 6,258 2,127 4,141 840 2,384 1,185 6,258 1,780 4,478 830 2,412 1,216 6,133 1,660 4,473 799 2,479 1,214 5,938 1,562 4,376 858 2,362 1,234 5,601 1,392 4,209 866 2,322 1,127 5,226 1,321 3,905 868 2,250 1,154 5,017 1,283 3,734 855 2,246 1,150 4,825 1,238 3,588 809 2,192 1,175 4,737 1,272 3,465 772 2,153 1,092 4,614 1,254 3,360 756 2,208 1,213 4,527 1,108 3,419 781 2,308 1,216 4,327 1,192 3,134 804 2,178 1,186 4,220 1,166 3,055 800 1,968 1,136 4,511 1,164 3,346 865 2,091 1,092 4,218 1,152 3,066 835 2,322 1,093 100.0 58 7 19.9 38.8 7.9 22.3 11.1 100.0 58.4 16.6 41.8 7.7 22.5 11.3 100.0 57.7 15.6 42.1 7.5 23.3 11.4 100.0 57.1 15.0 42.1 8.3 22.7 11.9 100.0 56.5 14,0 42.4 8.7 23.4 11.4 100.0 55.0 13.9 41.1 9.1 23.7 12.1 100.0 54.1 13.8 40.3 9.2 24.2 12.4 100.0 53.6 13.7 39.9 9.0 24.4 13.1 100.0 54.1 14.5 39.6 8.8 24.6 12.5 100.0 52.5 14.3 38.2 8.6 25.1 13.8 100.0 51.3 12.5 38.7 8.8 26.1 13.8 100.0 50 9 14.0 36.9 9.5 25.6 14.0 100.0 51.9 14.4 37.6 9.8 24.2 14.0 100.0 52.7 13.6 39.1 10.1 24.4 12.8 100.0 49 8 13.6 36.2 9.9 27.4 12.9 5.7 8 2.2 1.1 5.6 .7 2.2 1.1 5.5 .7 2.2 1.1 5.3 8 2.1 1.1 5.0 .8 2.1 1.0 4.7 8 2.0 1.0 4.5 .8 2.0 1.0 4.3 .7 2.0 1.0 4.2 .7 1.9 1.0 4.1 .7 2.0 1.1 4.0 .7 2.0 1.1 3.8 .7 1.9 1.0 3.7 .7 1.7 1.0 4.0 .8 1.8 1.0 3.7 .7 2.0 1.0 P E R C E N T D IS T R IB U T IO N Total unemployed................................................. Job losers ............................................................ On layoff ....................................................... Other job losers ............................................ Job leavers............................................................ Reentrants............................................................ New entrants.......................................................... PERCENT OF C IV IL IA N L A B O R F O R C E Job losers ............................................................ Job leavers............................................................ Reentrants............................................................ New entrants.......................................................... 8. D uration of unem ploym ent, seasonally adjusted [N u m b ers in thousands] 1983 A n n u al ave ra g e W e e k s o f u n e m p lo y m e n t Less than 5 weeks................................................. 5 to 14 w eeks....................................................... 15 weeks and over .............................................. 15 to 26 weeks.............................................. 27 weeks and over......................................... Mean duration in weeks......................................... Median duration in weeks...................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1984 1982 1983 A ug. S e p t. O c t. Nov. Dec. Jan. Feb. M a r. A p r. M ay June J u ly A ug. 3,883 3,311 3,485 1,708 1,776 15.6 8.7 3,570 2,937 4,210 1,652 2,559 20.0 10.1 3,633 2,951 4,078 1,597 2,481 19.9 9.4 3,740 2,784 3,889 1,383 2,506 20.2 9.4 3,504 2,725 3,655 1,372 2,283 20.1 9.5 3,328 2,616 3,527 1,337 2,190 20.2 9.4 3,382 2,504 3,369 1,284 2,085 19.6 9.0 3,233 2,556 3,201 1,166 2,035 20.5 9.2 3,359 2,484 2,984 1,173 1,810 18.8 8.3 3,386 2,539 2,873 1,114 1,759 18.8 8.3 3,438 2,493 2,855 1,111 1,744 18.5 8.1 3,238 2,433 2,851 1,186 1,664 18,4 8.7 3,174 2,294 2,619 1,008 1,611 18 6 7.2 3,462 2,490 2,689 1,100 1,589 18.1 7.6 3,555 2,333 2,606 1,113 1,493 17.3 7.5 59 EMPLOYMENT, HOURS, AND EARNINGS DATA FROM ESTABLISHMENT SURVEYS E m p l o y m e n t , h o u r s , a n d e a r n in g s d a t a in this section are com piled from payroll records reported monthly on a voluntary basis to the Bureau of Labor Statistics and its cooperating State agencies by 195,000 establishments representing all industries except ag riculture. In most industries, the sampling probabilities are based on the size of the establishment; most large establishments are therefore in the sample. (An establishment is not necessarily a firm; it may be a branch plant, for example, or warehouse.) Selfemployed persons and others not on a regular civilian payroll are outside the scope of the survey because they are excluded from establishment records. This largely accounts fc the difference in employment figures between the household and establishment sur veys. Definitions Employed persons are all persons who received pay (including holiday and sick pay) for any part of the payroll period including the 12th of the month. Persons holding more than one job (about 5 percent of all persons in the labor force) are counted in each establishment which reports them. Production workers in manufacturing include blue-collar worker su pervisors and all nonsupervisory workers closely associated with produc tion operations. Those workers mentioned in tables 12-16 include production workers in manufacturing and mining; construction workers in construc tion; and nonsupervisory workers in transportation and public utilities; in wholesale and retail trade; in finance, insurance, and real estate; and in services industries. These groups account for about four-fifths of the total employment on private nonagricultural payrolls. Earnings are the payments production or nonsupervisory workers re ceive during the survey period, including premium pay for overtime or late-shift work but excluding irregular bonuses and other special payments. Real earnings are earnings adjusted to reflect the effects of changes in consumer prices. The deflator for this series is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The Hourly Earnings Index is calculated from average hourly earnings data adjusted to exclude the effects of two types of changes that are unrelated to underlying wage-rate developments: fluctuations in overtime premiums 60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis in manufacturing (the only sector for which overtime data are available) and the effects of changes and seasonal factors in the proportion of workers in high-wage and low-wage industries. Hours represent the average weekly hours of production or nonsuper visory workers for which pay was received and are different from standard or scheduled hours. Overtime hours represent the portion of gross average weekly hours which were in excess of regular hours and for which overtime premiums were paid. The Diffusion Index, introduced in table 17 of the May 1983 issue, represents the percent of 185 nonagricultural industries in which employ ment was rising over the indicated period. One-half of the industries with unchanged employment are counted as rising. In line with Bureau practice, data for the 3-, 6-, and 9-month spans are seasonally adjusted, while that for the 12rmonth span is unadjusted. The diffusion index is useful for measuring the dispersion of economic gains or losses and is also an eco nomic indicator. Notes on the data Establishment data collected by the Bureau of Labor Statistics are pe riodically adjusted to com prehensive counts o f em ploym ent (called “ benchmarks” ). The latest complete adjustment was made with the release of May 1984 data, published in the July 1984 issue of the R eview . Con sequently, data published in the R eview prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1982; seasonally adjusted data have been revised back to January 1979. Unadjusted data from April 1983 forward, and seasonally adjusted data from January 1980 forward are subject to revision in future bench marks. Earlier comparable unadjusted and seasonally adjusted data are published in a Supplement to Employment and Earnings (unadjusted data from April 1977 through February 1984 and seasonally adjusted data from January 1974 through February 1984) 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). 9. E m ploym ent, by industry, selected years, 1 9 5 0 -8 3 [N o nagricultural payroll data, In thousands] S e r v ic e - p r o d u c in g G o o d s -p r o d u c in g T ra n s p o r Year T o ta l P r iv a t e s e c to r T o ta l M in in g C o n s tru c M a n u fa c t io n t u r in g T o ta l t a tio n W h o le and s a le p u b lic Ir a d e G o v e rn m e n t F in a n c e , R e t a il in s u r a n c e , tra d e an d real S e r v ic e s T o ta l F e d e ra l S t a te Local e s t a te u t il it ie s 1950 .............................. 1955 .............................. I9602 ........................... 1964 .............................. 1965 .............................. 45,197 50,641 54,189 58,283 60,765 39,170 43,727 45,836 48,686 50,689 18,506 20,513 20,434 21,005 21,926 901 792 712 634 632 2,364 2,839 2,926 3,097 3,232 15,241 16,882 16,796 17,274 18,062 26,691 30,128 33,755 37,278 38,839 4,034 4,141 4,004 3,951 4,036 2,635 2,926 3,143 3,337 3,466 6,751 7,610 8,248 8,823 9,250 1,888 2,298 2,629 2,911 2,977 5,357 6,240 7,378 8,660 9,036 6,026 6,914 8,353 9,596 10,074 1,928 2,187 2,270 2,348 2,378 (1) 1,168 1,536 1,856 1,996 (1) 3,558 4,547 5,392 5,700 1966 1967 1968 1969 1970 .............................. .............................. .............................. .............................. .............................. 63,901 65,803 67,897 70,384 70,880 53,116 54,413 56,058 58,189 58,325 23,158 23,308 23,737 24,361 23,578 627 613 606 619 623 3,317 3,248 3,350 3,575 3,588 19,214 19,447 19,781 20,167 19,367 40,743 42,495 44,160 46,023 47,302 4,158 4,268 4,318 4,442 4,515 3,597 3,689 3,779 3,907 3,993 9,648 9,917 10,320 10,798 11,047 3,058 3,185 3,337 3,512 3,645 9,498 10,045 10,567 11,169 11,548 10,784 11,391 11,839 12,195 12,554 2,564 2,719 2,737 2,758 2,731 2,141 2,302 2,442 2,533 2,664 6,080 6,371 6,660 6,904 7,158 19 71.............................. 1972 .............................. 1973 .............................. 1974 .............................. 1975 .............................. 71,214 73,675 76,790 78,265 76,945 58,331 60,341 63,058 64,095 62,259 22,935 23,668 24,893 24,794 22,600 609 628 642 697 752 3,704 3,889 4,097 4,020 3,525 18,623 19,151 20,154 20,077 18,323 48,278 50,007 51,897 53,471 54,345 4,476 4,541 4,656 4,725 4,542 4,001 4,113 4,277 4,433 4,415 11,351 11,836 12,329 12,554 12,645 3,772 3,908 4,046 4,148 4,165 11,797 12,276 12,857 13,441 13,892 12,881 13,334 13,732 14,170 14,686 2,696 2,684 2,663 2,724 2,748 2,747 2,859 2,923 3,039 3,179 7,437 7,790 8,146 8,407 8,758 1976 1977 1978 1979 1980 .............................. .............................. .............................. .............................. .............................. 79,382 82,471 86,697 89,823 90,406 64,511 67,344 71,026 73,876 74,166 23,352 24,346 25,585 26,461 25,658 779 813 851 958 1,027 3,576 3,851 4,229 4,463 4,346 18,997 19,682 20,505 21,040 20,285 56,030 58,125 61,113 63,363 64,748 4,582 4,713 4,923 5,136 5,146 4,546 4,708 4,969 5,204 5,275 13,209 13,808 14,573 14,989 15,035 4,271 4,467 4,724 4,975 5,160 14,551 15,303 16,252 17,112 17,890 14,871 15,127 15,672 15,947 16,241 2,733 2,727 2,753 2,773 2,866 3,273 3,377 3,474 3,541 3,610 8,865 9,023 9,446 9,633 9,765 19 81.............................. 1982 .............................. 1983 .............................. 91,156 89,566 90,138 75,126 73,729 74,288 25,497 23,813 23,394 1,139 1,128 957 4,188 3,905 3,940 20,170 18,781 18,497 65,659 65,753 66,744 5,165 5,082 4,958 5,358 5,278 5,259 15,189 15,179 15,545 5,298 5,341 5,467 18,619 19,036 19,665 16,031 15,837 15,851 2,772 2,739 2,752 3,640 3,640 3,660 9,619 9,458 9,439 1Not available. 20ata include Alaska and Hawaii beginning In 1959. 10. NOTE: See “ Notes on the data” for a description of the most recent benchmark revision. E m ploym ent, by State [Nonagricultural payroll data, in thousands] S t a te J u ly 1 9 8 3 June 1984 J u ly 1 9 8 4 9 S t a te J u ly 1 9 8 3 June 1 9 8 4 J u ly 1 9 8 4 1 * Alabama.................................................... Alaska ....................................................... Arizona .................................................... Arkansas ................................................. California ................................................. 1,332.0 233.2 1,044.0 736.9 9,896.0 1,359.5 225.7 1,124.7 768.2 10,387.7 1,351.4 234.3 1,109.3 766.2 10,328.5 Montana.................................................... Nebraska ................................................. Nevada .................................................... New Hampshire......................................... New Jersey.............................................. 269.0 609.7 408.2 417.4 3,202.8 280 9 631.9 420.3 431.8 3,317.5 272.4 625.9 421.6 434.8 3,312.6 Colorado ................................................. Connecticut............................................... Delaware ................................................. District of Columbia ................................. Florida....................................................... 1,322.3 1,442.6 271.3 613.1 3,847.0 1,369.2 1,499.0 273.5 602.2 4,119.3 1,356.9 1,485.7 273.2 617.0 4,078.6 New Mexico.............................................. New Y o rk ................................................. North Carolina ......................................... North Dakota............................................ O hio......................................................... 482.8 7,304.3 2,376.9 251.7 4,082.0 500.9 7,545.2 2,498.1 254.2 4,220.4 496.4 7,501.2 2,445.9 251.9 4,178.7 Georgia .................................................... Hawaii....................................................... Idaho ....................................................... Illinois....................................................... Indiana .................................................... 2,273.2 406.1 317.5 4,532.7 2,011.7 2,411.9 406.8 329.8 4,588.6 2,060.8 2,407.5 408.2 325.0 4,588.8 2,065.7 Oklahoma................................................. Oregon .................................................... Pennsylvania ............................................ Rhode Island ............................................ South Carolina ......................................... 1,168.5 963.1 4,537.7 391.5 1,177.6 1,190.5 1,004.6 4,660.6 407.0 1,243.2 1,181.2 980.9 4,623.0 400.0 1,240.3 Iow a.......................................................... 1,036.2 943.9 1,199.8 1,581.0 440,8 1,023.4 930.5 1,179.1 1,573.4 445.0 South Dakota............................................ Texas ....................................................... M aine....................................................... 1,010.1 911.6 1,137.6 1,565.9 430.3 Vermont.................................................... 236.8 1,717.3 6,172.7 564 1 205.0 250.2 1 824 5 6,353.4 600 2 207.6 243.7 1,823 9 6,340.2 596 1 209.6 Maryland ................................................. Massachusetts ......................................... Michigan ................................................. Minnesota ................................................. Mississippi ............................................... Missouri.................................................... 1,712.0 2,670.7 3,182.0 1,716.4 788.2 1,910.2 1,769.2 2,762.7 3,298.0 1,832.2 800.4 1,965.6 1,757.9 2,729.4 3,265.1 1,819.7 794.8 1,937.7 Virginia .................................................... Washington.............................................. West Virginia............................................ Wisconsin................................................. Wyoming ................................................. 2,215.4 1,585.9 588.4 1,854.4 203.3 2,315.4 1,652.9 594.2 1,927.9 213.1 2,285.6 1,633.9 594.0 1,918.3 209 1 Virgin Islands............................................ 36.4 34.5 35.5 Kentucky ................................................. p = preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 61 MONTHLY LABOR REVIEW October 1984 • 11. C u r r e n t L a b o r S ta tis tic s : E s ta b lis h m e n t D a ta E m ploym ent, by industry, seasonally adjusted [N o nagricultural payroll data, In thousands] A n n u al a v e ra g e 1983 1984 In d u s tr y d iv is io n a n d g ro u p 1982 1983 A ug. S e p t. O c t. Nov. D ec. 89,566 73,729 90,138 89,918 91,018 91,345 91,688 74,288 74,110 75,083 75,481 75,814 23,813 23,394 23,532 23,669 23,895 1,128 708 957 600 950 590 952 594 3,905 991 3,940 1,015 3,985 1,037 18,781 12,742 18,497 12,581 Production workers ...................................... 11,039 7,311 Lumber and wood products ........................... Furniture and fixtures...................................... Stone, clay, and glass products ...................... Primary metal industries ................................. Blast furnaces and basic steel products . . . . Fabricated metal products................................. Machinery, except electrical ........................... Electrical and electronic equipment................... Transportation equipment................................. Motor vehicles and equipment ...................... Instruments and related products ................... Miscellaneous manufacturing........................... Jan. Feb. 92,026 92,391 92,846 76,157 76,533 76,971 24,058 24,198 24,383 24,577 965 600 967 603 969 607 975 608 4,019 1,043 4,044 1,053 4,073 1,064 4,086 1,077 18,597 12,679 18,698 12,759 18,886 12,928 19,018 13,048 10,774 7,151 10,846 7,224 10,923 7,289 11,071 7,421 598 432 577 922 396 1,427 658 447 573 838 343 1,374 675 453 578 840 344 1,384 680 456 581 849 346 1,389 2,244 2,008 1,735 699 716 382 2,038 2,024 1,756 758 695 371 2,051 2,022 1,776 779 694 373 Production workers ...................................... 7,741 5,431 7,724 5,430 Food and kindred products.............................. Tobacco manufactures .................................... Textile mill products......................................... Apparel and other textile products................... Paper and allied products................................. 1,636 69 749 1,161 662 Printing and publishing.................................... Chemicals and allied products ......................... Petroleum and coal products........................... Rubber and miscellaneous plastics products . . Leather and leather products........................... TO TAL P R IV A T E S E C T O R G O O D S P R O O U C IN G M in in g ...................................................................................................... Oil and gas extraction.................................... C o n s t r u c tio n ......................................................................................... General building contractors........................... M a n u f a c t u r in g .................................................................................... Production workers ...................................... 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 S E R V IC E -P R O D U C IN G T r a n s p o r t a t io n a n d p u b lic u t il it ie s Transportation................................................. Communication and public utilities................... W h o le s a l e t r a d e Durable goods................................................. Nondurable goods............................................ R e t a il t r a d e General merchandise stores ........................... Food stores .................................................... Automotive dealers and service stations........... Eating and drinking places .............................. F i n 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 Finance............................................................ Insurance ....................................................... Real estate....................................................... S e r v ic e s Business services............................................ Health services .............................................. G o v e rn m e n t ........................................................................................ Federal............................................................ State ............................................................... Local............................................................... p = preliminary. 62 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis M a r. A p r. M ay June J u ly P A u g .P 93,058 93,449 93,768 94,135 94,351 94,510 77,185 77,546 77,864 78,241 78,411 78,575 24,595 24,760 24,851 24,974 25,068 25,112 978 607 978 607 984 612 995 619 1,002 623 1,007 629 1,015 629 4,154 1,100 4,226 1,111 4,151 1,099 4,246 1,110 4,286 1,126 4,343 1,135 4,350 1,130 4,357 1,133 19,143 13,145 19,254 13,234 19,373 13,326 19,466 13,388 19,530 13,443 19,570 13,465 19,629 13,492 19,711 13,555 19,740 13,572 11,170 7,511 11,266 7,585 11,343 7,643 11,440 7,718 11,513 7,769 11,551 7,799 11,598 7,826 11,652 7,860 11,709 7,910 11,763 7,959 690 462 587 863 351 1,408 695 467 589 869 351 1,420 698 470 592 877 352 1,431 702 475 595 871 347 1,440 706 480 604 877 348 1,447 712 483 606 877 347 1,456 714 482 604 879 345 1,459 711 482 605 887 347 1,469 712 485 605 884 345 1,479 708 487 605 882 341 1,490 705 489 604 880 336 1,493 2,058 2,062 1,780 783 698 370 2,077 2,086 1,820 810 702 376 2,106 2,109 1,832 823 705 378 2,122 2,132 1,855 843 707 382 2,137 2,152 1,876 858 711 384 2,151 2,175 1,898 865 715 387 2,166 2,202 1,905 863 718 388 2,189 2,212 1,905 857 719 388 2,203 2,228 1,906 848 722 385 2,226 2,237 1,917 855 723 384 2,244 2,253 1,928 860 726 386 2,255 2,266 1,957 889 728 386 7,751 5,455 7,775 5,470 7,815 5,507 7,848 5,537 7,877 5,560 7,911 5,591 7,933 5,608 7,953 5,619 7,979 5,644 7,972 5,639 7,977 5,632 8,002 5,645 7,977 5,613 1,622 69 744 1,164 662 1,621 66 751 1,170 663 1,624 68 753 1,174 666 1,624 68 758 1,186 669 1,629 66 760 1,195 671 1,631 67 762 1,202 675 1,638 66 758 1,207 676 1,637 65 767 1,213 680 1,638 66 769 1,218 680 1,648 67 766 1,226 680 1,643 67 762 1,217 681 1,644 67 759 1,209 685 1,654 66 755 1,212 687 1,641 62 750 1,215 686 1,272 1,075 201 697 219 1,296 1,047 195 718 208 1,302 1,046 194 730 208 1,305 1,047 194 735 209 1,311 1,049 192 748 210 1,317 1,050 192 758 210 1,321 1,052 191 766 210 1,328 1,053 191 774 210 1,333 1,054 190 784 210 1,339 1,054 190 790 209 1,348 1,057 189 790 208 1,356 1,057 188 795 206 1,362 1,062 188 797 204 1,369 1,064 187 803 205 1,371 1,066 187 800 199 65,753 66,744 66,386 67,349 67,450 67,630 67,828 68,008 68,269 68,463 68,689 68,917 69,161 69,283 69,398 5,082 2,789 2,293 4,958 2,739 2,219 4,369 2,751 1,618 5,046 2,768 2,278 5,053 2,776 2,277 5,043 2,763 2,280 5,055 2,776 2,279 5,095 2,816 2,279 5,105 2,828 2,276 5,112 2,839 2,273 5,129 2,862 2,267 5,144 2,871 2,273 5,163 2,883 2,280 5,173 2,896 2,277 5,182 2,902 2,280 5,278 11,039 7,741 5,259 10,774 7,724 5,277 10,846 7,751 5,301 10,923 7,775 5,322 11,071 7,815 5,344 11,170 7,848 5,371 11,266 7,877 5,406 11,343 7,911 5,438 11,440 7,933 5,457 11,513 7,953 5,473 11,551 7,979 5,492 11,598 7,972 5,502 11,652 7,977 5,527 11,709 8,002 5,559 11,763 7,977 15,179 2,184 2,478 1,632 4,831 15,545 2,161 2,560 1,667 5,007 15,626 2,169 2,563 1,679 5,043 15,671 2,171 2,568 1,685 5,058 15,737 2,179 2,587 1,695 5,071 15,805 2,195 2,594 1,703 5,082 15,857 2,189 2,600 1,710 5,095 15,914 2,210 2,618 1,725 5,111 15,980 2,211 2,626 1,740 5,121 16,030 2,230 2,626 1,748 5,136 16,095 2,251 2,635 1,743 5,154 16,166 2,273 2,630 1,751 5,183 16,245 2,295 2,641 1,751 5,199 16,278 2,291 2,653 1,763 5,210 16,298 2,280 2,665 1,761 5,230 5,341 2,646 1,714 981 5,467 2,740 1,721 1,005 5,498 2,749 1,724 1,025 5,503 2,763 1,725 1,015 5,512 2,769 1,725 1,018 5,530 2,777 1,728 1,025 5,546 2,789 1,730 1,027 5,573 2,797 1,737 1,039 5,593 2,812 1,741 1,040 5,613 2,831 1,742 1,041 5,640 2,851 1,742 1,047 5,662 2,863 1,746 1,053 5,676 2,858 1,752 1,066 5,679 2,856 1,760 1,063 5,692 2,857 1,766 1,069 19,036 3,286 5,812 19,665 3,539 5,973 19,808 3,599 5,988 19,893 3,636 6,003 19,962 3,672 6,007 20,034 3,703 6,016 20,130 3,758 6,026 20,162 3,798 6,030 20,278 3,845 6,040 20,378 3,875 6,052 20,449 3,912 6,062 20,549 3,979 6,073 20,681 4,014 6,064 20,686 4,031 6,078 20,732 4,058 6,045 15,837 2,739 3,640 9,458 15,851 2,752 3,660 9,439 15,808 2,747 3,668 9,393 15,935 2,774 3,672 9,489 15,864 2,760 3,667 9,437 15,874 2,759 3,669 9,446 15,869 2,762 3,668 9,439 15,858 2,760 3,670 9,428 15,875 2,763 3,682 9,430 15,873 2,770 3,686 9,417 15,903 2,771 3,693 9,439 15,904 2,767 3,699 9,438 15,894 2,777 3,699 9,418 15,940 2,779 3,711 9,450 15,935 2,780 3,728 9,427 NOTE: See "Notes on the data” for a description of the most recent benchmark revision. 12. A verage hours and earnings, by industry 1 9 6 8 -8 3 [P roduction or nonsupervisory w orkers on nonagricultural payrolls] A v e ra g e Year A v e ra g e A v e ra g e A verag e A v e ra g e w e e k ly h o u r ly w e e k ly w e e k ly h o u r ly w e e k ly w e e k ly h o u r ly w e e k ly h o u rs e a r n in g s A v e ra g e e a r n in g s h o u rs e a r n in g s A v e ra g e e a r n in g s h o u rs e a r n in g s e a r n in g s M in in g P r iv a t e s e c t o r A verag e A v e ra g e C o n s t r u c tio n 1968 ............................................................... 1969 ............................................................... 1970 ............................................................... 37.8 37.7 37.1 $2.85 3.04 3.23 $107.73 114.61 119.83 42.6 43.0 42.7 $3.35 3.60 3.85 $142.71 154.80 164.40 37.3 37.9 37.3 $4.41 4.79 5.24 $164.49 181.54 195.45 1971............................................................... 1972 ............................................................... 1973 ............................................................... 1974 ............................................................... 1975 ............................................................... 36.9 37.0 36.9 36.5 36.1 3.45 3.70 3.94 4.24 4.53 127.31 136.90 145.39 154.76 163.53 42.4 42.6 42.4 41.9 41.9 4.06 4.44 4.75 5.23 5.95 172.14 189.14 201.40 219.14 249.31 37.2 36.5 36.8 36.6 36.4 5.69 6.06 6.41 6.81 7.31 211.67 221.19 235.89 249.25 266.08 1976 1977 1978 1979 1980 ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... 36.1 36.0 35.8 35.7 35.3 4.86 5.25 5.69 6.16 6.66 175.45 189.00 203.70 219.91 235.10 42.4 43.4 43.4 43.0 43.3 6.46 6.94 7.67 8.49 9.17 273.90 301.20 332.88 365.07 397.06 36.8 36.5 36.8 37.0 37.0 7.71 8.10 8.66 9.27 9.94 283.73 295.65 318.69 342.99 367.78 1981............................................................... 1982 ............................................................... 1983 ............................................................... 35.2 34.8 35.0 7.25 7.68 8.02 255.20 267.26 280.70 43.7 42.7 42.5 10.04 10.77 11.27 438.75 459.88 478.98 36.9 36.7 37.2 10.82 11.63 11.92 399.26 426.82 443.42 M a n u fa c t u r in g T r a n s p o r ta t io n a n d p u b lic u t il it ie s W h o le s a l e t r a d e 1968 ............................................................... 1969 ............................................................... 1970 ............................................................... 40.7 40.6 39.8 $3.01 3.19 3.35 $122.51 129.51 133.33 40.6 40.7 40.5 $3.42 3.63 3.85 $138.85 147.74 155.93 40.1 40.2 39.9 $3.05 3.23 3.44 $122.31 129.85 137.26 19 71............................................................... 1972 ............................................................... 1973 ............................................................... 1974 ............................................................... 1975 ............................................................... 39.9 40.5 40.7 40.0 39.5 3.57 3.82 4.09 4.42 4.83 142.44 154.71 166.46 176.80 190.79 40.1 40.4 40.5 40.2 39.7 4.21 4 65 5.02 5.41 5.88 168.82 187.86 203.31 217.48 233 44 39.5 39.4 39.3 38.8 38.7 3.65 3.85 4.08 4.39 4.73 129.85 144.18 151.69 160.34 183.05 1976 1977 1978 1979 1980 ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... 40.1 40.3 40.4 40.2 39.7 5.22 5.68 6.17 6.70 7.27 209.32 228.90 249.27 269.34 288.62 39.8 39.9 40.0 39.9 39.6 6.45 6.99 7.57 8.16 8.87 256.71 278.90 302.80 325.58 351.25 38 7 38 8 38.8 38.8 38.5 5.03 5.39 5.88 6.39 6.96 194.66 209.13 228.14 247.93 267.96 1981............................................................... 1982 ............................................................... 1983 ............................................................... 39.8 38.9 40.1 7.99 8.49 8.83 318.00 330.26 354.08 39.4 39.0 39.0 9.70 10.32 10.80 382.18 402.48 421.20 38.5 38.3 38.5 7.56 8.09 8.54 291.06 309.85 328.79 R e t a 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 S e r v ic e s 1968 ............................................................... 1969 ............................................................... 1970 ............................................................... 34.7 34.2 33.8 $2.16 2.30 2.44 $74.95 78.66 82.47 37.0 37.1 36.7 $2.75 2.93 3.07 $101.75 108.70 112.67 34 7 34.7 34.4 $2.42 2.61 2.81 $83.97 90.57 96.66 19 71............................................................... 1972 ............................................................... 1973 ............................................................... 1974 ............................................................... 1975 ............................................................... 33.7 33.4 33.1 32.7 32.4 2.60 2.75 2.91 3.14 3.36 87.62 91.85 96.32 102.68 108.86 36.6 36.6 36.6 36.5 36.5 3.22 3.36 3.53 3.77 4.06 117.85 122.98 129.20 137.61 148.19 33.9 33.9 33.8 33.6 33.5 3.04 3.27 3.47 3.75 4.02 103.06 110.85 117.29 126.00 134.67 1976 1977 1978 1979 1980 ............................................................... ............................................................... ............................................................... ............................................................... ............................................................... 32.1 31.6 31.0 30.6 30.2 3.57 3.85 4.20 4.53 4.88 114.60 121.66 130.20 138.62 147.38 36.4 36.4 36.4 36.2 36.2 4.27 4.54 4.89 5.27 5.79 155.43 165.26 178.00 190.77 209.60 33.3 33.0 32.8 32.7 32.6 4.31 4.65 4 99 5.36 5.85 143.52 153.45 163.67 175.27 190.71 1981............................................................... 1982 ............................................................... 1983 ............................................................... 30.1 29.9 29.8 5.25 5.48 5.74 158.03 163.85 171.05 36.3 36.2 36.2 6.31 6.78 7.29 229.05 245.44 263.90 32.6 32.6 32.7 6.41 6 92 7.30 208.97 225.59 238.71 NOTE: See "Notes on the data” for a description of the most recent benchmark revision. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 63 MONTHLY LABOR REVIEW October 1984 • 13. C u r r e n t L a b o r S ta tis tic s : E s ta b lis h m e n t D a ta A verage w eekly hours, by industry, seasonally adjusted [P roduction or nonsupervisory w orkers on private nonagricultural payrolls] 1983 A nnu al av e ra g e In d u s tr y 1984 1982 1983 34.8 35.0 35.0 35.2 35.2 35.2 35.2 35.4 35.3 35.3 35.4 35.3 35.3 35.2 35.2 ...................................... 38.9 2.3 40.1 3.0 40 3 3.0 40.7 3.2 40.6 3.3 40.6 3.3 40.6 3.4 40.9 3.5 40.9 3.5 40.7 3.5 41.1 3.7 40.6 3.3 40.6 3.3 40.5 3.3 40.4 3.2 Overtime ho urs...................................... 39.3 2.2 40.7 3.0 40.8 3.0 41.4 3.3 41.2 3.4 41.3 3.5 41.3 3.5 41.6 3.7 41.7 3.8 41.4 3.7 41.8 4.0 41.3 3.5 41.2 3.5 41.2 3.5 41.1 3.4 Lumber and wood products........................... Furniture and fixtures .................................... Stone, clay, and glass products ................... Primary metal industries................................. Blast furnaces and basic steel products . . . . Fabricated metal products.............................. 38.0 37.2 40.1 38.6 37.9 39.2 40.1 39.4 41.5 40.5 39.5 40.6 40.2 39.7 41.7 40.9 40.1 40.8 40.4 40.0 42.0 41.2 40.5 41.4 40.5 39.8 41.8 41.6 40.8 41.2 40.0 39.8 41.8 41.7 40.8 41.4 40.0 40.1 41.9 41.8 41.2 41.4 40.6 40.0 42.1 41.9 41.0 41.6 40.4 39.9 42.5 42.0 41.3 41.8 40.1 39 6 41.9 41.8 41.2 41.3 40.4 39.7 42.3 42 2 41.0 41.8 39.6 39.7 42.1 42.1 41.6 41.4 39.4 39.1 41.8 41.7 41.1 41.3 39 2 39.7 41.9 41.6 40.1 41.4 39.3 38.8 41.3 41.4 40.3 41.2 Machinery, except electrical........................... Electrical and electronic equipment................ Transportation equipment.............................. Motor vehicles and equipment...................... Instruments and related products................... 39.7 39.3 40.5 40.5 39.8 40.5 40.5 42.1 43.3 40.4 40.6 40.7 41.9 43.1 40.4 41.1 41.2 43.3 45.1 40.8 41.2 41.1 42.5 44.1 40.7 41.3 41.1 42.6 44.1 40.7 41.5 41.0 42.4 43.9 40 8 41.8 41.2 43 2 44.8 41.3 41.9 41.2 43.1 44.3 41.2 41.9 41.0 42.9 44.4 41.1 42.3 41.3 43.5 44.8 41.4 41.9 41.0 42.4 42 9 40 7 42.0 40.8 42.3 43.1 41.3 41.8 40.7 42.2 42.6 41.1 41.9 40.7 42.5 43.6 40.6 Overtime ho urs...................................... 38.4 2.5 39.4 3.0 39.6 3.1 39.9 3.1 39.7 3.1 39.8 3.1 39.7 3.2 39.9 3.3 39.9 3.3 39.8 3.3 40.2 3.4 39.6 3.1 39.6 3.2 39.5 3.1 39.4 3.0 Food and kindred products ........................... Textile mill products...................................... Apparel and other textile products ................ Paper and allied products.............................. 39.4 37.5 34.7 41.8 39.5 40.5 36.2 42.6 39.6 40.9 36.3 42.9 39 8 41.3 36.7 43.2 39.6 40.8 36.6 43.2 39.6 40.6 36.7 43.1 39.5 40.7 36.6 43.1 39.7 40.6 36 6 43.2 39.7 40.8 36.9 43.2 39.8 40.6 36.7 43.0 40.1 41.2 37.4 43.2 39.7 40.0 36.5 43.1 39.8 40.0 36.4 42.9 39.6 39.8 35.9 43.3 39.6 39.2 35.8 43.3 Printing and publishing ................................. Chemicals and allied products......................... Petroleum and coal products ......................... Leather and leather products ........................ 37.1 40.9 43.9 35.6 37.6 41.6 43.9 36.8 37.6 41.7 43.5 37.1 37.8 41.7 43.2 37.8 37.9 41.7 43.6 37.3 37.9 41.9 43.7 37.2 37.7 41.9 44.6 37.1 37.9 42.1 44.8 37.3 37.9 42.1 44.5 37.2 37.9 42.0 44.7 36.7 38.2 42.0 43.7 37.5 38.0 41.8 43.5 36.5 37.7 41.9 43.1 36.7 37.7 41.9 42.9 37.1 37.7 42.0 43.5 36.5 T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S 39.0 39.0 39 2 39.3 39.4 39.2 39.4 39.5 39.3 39.2 39.5 39.4 39.6 39.7 39.6 W H O LE SA LE TRA DE 38.3 38.5 38.5 38 6 38.6 38.6 38.6 38.6 38.5 38.5 38.7 38.6 38 6 38.6 38.6 R E T A IL T R A D E 29.9 29.8 29.8 29.8 30.0 30.0 30.3 30.1 30.0 30.1 30.0 30.1 30.2 29.9 29.9 S E R V IC E S 32.6 32.7 32.6 32.7 32.8 32.7 32.6 32.8 32.7 32.8 32.8 32.7 32.7 32.7 32.6 P R IV A T E S E C T O R M A N U F A C T U R IN G O v e r tim e h o u r s 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 p = preliminary. 64 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly P NOTE: See “ Notes on the data" for a description of the most recent benchmark revision. A u g .P 14. A verage hourly earnings, by industry [P roduction or nonsupervisory w orkers on private nonagricultural payrolls] A n n u al a verag e 1983 1984 In d u s tr y P R IV A T E S E C T O R Seasonally adjusted................................. 1982 1983 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly P A u g .P $7.68 (1) $8.02 (1) $7.95 8.00 $8.12 8 09 $8.16 8.13 $8.16 8.14 $8.16 8.17 $8.26 8.21 $8.24 8.23 $8.24 8.25 $8.29 8.31 $8.28 8.29 $8.29 8.33 $8.32 8.35 $8.30 8.35 M IN IN G 10.77 11.27 11.25 11.33 11.33 11.40 11.41 11.54 11.49 11.60 11.62 11.56 11.57 11.57 11.53 C O N S T R U C T IO N 11.63 11.92 11.86 12.04 12.06 11.91 12.02 12.08 11.99 11.97 11.95 11.99 11.94 11.95 12.01 8 49 8.83 8.78 8.89 8.90 8.97 9.04 9.08 9.06 9.09 9.11 9.11 9.14 9.17 9.14 Lumber and wood products................... Furniture and fixtures.............................. Stone, clay, and glass products.............. Primary metal industries......................... Blast furnaces and basic steel products Fabricated metal products...................... 9.04 7.43 6.31 8.87 11.33 13.35 8.77 9.38 7.79 6.62 9.27 11.34 12.89 9.11 9.32 7.82 6.67 9.30 11.29 12.74 9.09 9.46 7.87 6.74 9.42 11.34 12.79 9.18 9.47 7.86 6.71 9.38 11.28 12.68 9.18 9.53 7.79 6.73 9.41 11.32 12.71 9.24 9.60 7.80 6.78 9.41 11.35 12.71 9.35 9.64 7.88 6.76 9.42 11.38 12.76 9.31 9.63 7.88 6.75 9.38 11.49 13.10 9.31 9.66 7.87 6.76 9.40 11.44 12.97 9.31 9.67 7.89 6.76 9.51 11.51 13.12 9.34 9.66 7.92 6.80 9.54 11.49 13.09 9.33 9 69 8.04 6.84 9.58 11.46 13.02 9.33 9.71 8.01 6.88 9.64 11.46 13.04 9.32 9.68 8.06 6.90 9.66 11.44 13.01 9.30 Machinery, except electrical................... Electrical and electronic equipment . . . . Transportation equipment ...................... Motor vehicles and equipment.............. Instruments and related products........... Miscellaneous manufacturing ................ 9.26 8.21 11.11 11.62 8 06 6 42 9.55 8.65 11.66 12.12 8.46 6.80 9.54 8.62 11.52 11.92 8.45 6.79 9.63 8.73 11.80 12.31 8.54 6.83 9.66 8.71 11.87 12.38 8.54 6.84 9.74 8.77 12.01 12.49 8.56 6.84 9.85 8.84 12.04 12.47 8.65 6.95 9.85 8.88 12.06 12.53 8.68 7.00 9.87 8.86 12.00 12.41 8.66 6.97 9.90 8.88 12.12 12.62 8.71 6.97 9.91 8.89 12.06 12.56 8.73 6.97 9.90 8.89 12.04 12.51 8.71 6.99 9.93 8.91 12.14 12.67 8.78 6.98 9.95 8.95 12.15 12.64 8.83 7.02 9.93 8.99 12.11 12.60 8.79 7.02 7.74 7.92 9.79 5.83 5.20 9.32 8.08 8.20 10.35 6.18 5.37 9 94 8 06 8.15 10.26 6.19 5.35 10.03 8.11 8.17 9.90 6.23 5.39 10.11 8.12 8.16 9.65 6.24 5.40 10.11 8.18 8.26 10.77 6.26 5.43 10.20 8.24 8.36 10.19 6.31 5.44 10.24 8.27 8.41 10.77 6.39 5.50 10.23 8 24 8.37 11.13 6.40 5.46 10.22 8.27 8.39 11.29 6.41 5.48 10.25 8 29 8.43 11.43 6.43 5.49 10.29 8.30 8.43 11.55 6.42 5.48 10.34 8.33 8.44 11.92 6.43 5.50 10.42 8.39 8.41 11.54 6.43 5.51 10.54 8.36 8.36 11.04 6.46 5.54 10.50 8.74 9.96 12.46 9.11 10.59 13.29 9.12 10.62 13.17 9.23 10.70 13.38 9.23 10.79 13.38 9.26 10.86 13.45 9.29 10.90 13.54 9.26 10.91 13.47 9.30 10.90 13.43 9.29 10.95 13.44 9.29 10.97 13.44 9.31 11.02 13.32 9.30 11.03 13.33 9.35 11.10 13.28 9.40 11.10 13.28 7 64 5.33 7 99 5.54 8.00 5.52 8.05 5.57 8.08 5.56 8.07 5.57 8.16 5.61 8.17 5.68 8.16 5.67 8.20 5.68 8.25 5.68 8.20 5.68 8 23 5.67 8.29 5.72 8.22 5.67 10.32 10.80 10.69 10 88 10.94 11.01 11.00 11.08 11.01 11.02 11.07 11.03 11.07 11.18 11.21 W HO LESALE TRADE 8.09 8.54 8.54 8.62 8.69 8.68 8.74 8.82 8.79 8.79 8.89 8.86 8.90 8.97 8.95 R E T A IL T R A D E 5.48 5.74 5.73 5.78 5.79 5.82 5.78 5.89 5.89 5 89 5.90 5.88 5.88 5.87 5.84 M A N U F A 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 Food and kindred products ................... Tobacco manufactures........................... Textile mill products .............................. Apparel and other textile products........... Paper and allied products ...................... Printing and publishing........................... Chemicals and allied products................ Petroleum and coal products ................ Rubber and miscellaneous plastics products................................. Leather and leather products ................ T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S F IN A N C E , IN S U R A N C E , A N D R E A L E S T A T E 6.78 7.29 7.24 7.33 7.45 7.39 7.43 7.55 7.54 7.54 7.62 7.55 7.58 7.63 7.59 S E R V IC E S 6.92 7.30 7.24 7.37 7.43 7.44 7.47 7.57 7.55 7.54 7.60 7.55 7.53 7.56 7.52 1Not available. p = preliminary. 15. NOTE: See "Notes on the data" for a description of the most recent benchmark revision. T h e H ourly E arnings Index, by industry [P roduction o r nonsupervisory w orkers on private nonagricultural payrolls; 1 9 7 7 = 100] N o t s e a s o n a lly a d ju s te d S e a s o n a ll y a d ju s te d P e rc e n t P e rc e n t change In d u s tr y change A ug. June J u ly A ug. f ro m : Aug. A p r. M ay June J u ly A ug. Iro n t: 1983 1984 1984P 1984P A ug. 1 9 8 3 1983 1984 1984 1984 1984P 1984P J u ly 1 9 8 4 to to A ug. 1 9 8 4 Aug. 1984 154.9 159.8 160.5 160.1 3.3 155.4 159.9 159 6 160.3 160.8 160.6 -0 .2 Mining .................................................... Construction............................................ Manufacturing......................................... Transportation and public utilities ........... Wholesale tra d e ...................................... Retail trade............................................... Finance, insurance, and real estate........... Services ................................................. 166.9 145.1 157.3 155.5 158 2 150.5 158.0 155.3 173.4 146.1 162.1 160.6 164.6 154.0 164.9 161.6 174.3 146.2 162.7 161.7 165.9 153.9 166.1 162.4 172.7 146.9 162.5 162.3 165.5 153.1 165.3 161.4 3.5 1.2 3.3 4.4 4.7 1.7 4.6 3.9 (1) 144.8 158.0 155.6 (1) 150.9 <1) 156.6 (1) 146.6 161.6 161.3 (1) 153.7 (1) 162.3 (1) 147.0 162.0 160.9 (1) 153 4 (1) 161.4 (1) 147.1 162.3 162.1 (1) 153.8 (1) 162.5 (1) 146.4 162.8 162.7 (1) 154.0 (1) 163.6 (1) 146.6 163.2 162.4 (1) 153.6 (1) 162.5 <1) .1 .3 -.2 <1) - .3 (1) -.6 P R IV A T E S E C T O R ( in c o n s t a n t d o l l a r s ) .................. 93.9 94.7 94.7 (2) <2) 94.4 95.4 94.9 95.2 95.2 <2) <2) P R IV A T E S E C T O R ( in c u r r e n t d o l la r s ) 1This series is not seasonally adjusted because the seasonal component is small relative to the trendcycle, irregular components, or both, and consequently cannot be separated with sufficient precision. 2Not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis p = preliminary, NOTE: See "Notes on the data" for a description of the most recent benchmark revision. 65 MONTHLY LABOR REVIEW October 1984 • 16. C u r r e n t L a b o r S ta tis tic s : E s ta b lis h m e n t D a ta A verag e w eekly earnings, by industry [P roduction o r nonsupervisory w orkers on private nonagricultural payrolls] A n n u al av e ra g e 1983 1984 In d u s tr y 1982 1983 $267.26 (1) 168.09 $280.70 <1) 171.37 M IN IN G 459.88 478.98 479.25 488.32 489 46 489.06 495.19 499.68 492.92 496.48 499.66 499.39 505.61 499.82 503.86 C O N S T R U C T IO N 426.82 443.42 450.68 456.32 449.84 432.33 442.34 438.50 443.63 439.30 448.13 458.02 460.88 461.27 462.39 330.26 207.71 354.08 216.17 352.96 213.92 362.71 218.90 362.23 218.08 365.98 220.34 372.45 224.23 368.65 221.01 368.74 220.67 369.96 221.40 372.60 222.45 369.87 219.77 372.91 221.05 369.55 218.15 368.34 <1) Lumber and wood products ........................... Furniture and fixtures...................................... Stone, clay, and glass products ...................... Primary metal Industries ................................. Blast furnaces and basic steel products........... Fabricated metal products................................. 355.27 282.34 234.73 355.69 437.34 505.97 343.78 381.77 312.38 260.83 384.71 459.27 509.16 369.87 378.39 319.06 267.47 391.53 458.37 507.05 369.96 390.70 320.31 270.95 399.41 469.48 521.83 379.13 391.11 319.12 271.08 394.90 464.74 508.47 379.13 395.50 309.26 269.87 395.22 470.91 513.48 384.38 403.20 311.22 277.98 394.28 478.97 526.19 395.51 398.13 311.26 263.64 386.22 476.82 521.88 385.43 398 68 313.62 263.93 389.27 482.58 539.72 386.37 399.92 314.01 267.02 389.16 480.48 534.36 384.50 402.27 317.18 267.02 401.32 488.02 549.73 387.61 399.92 317.59 268.60 404.50 481.43 540.62 386.26 402.14 324.01 270.86 407.15 480.17 536.42 388.13 397.14 315.59 269.01 406.81 474.44 528.12 381.19 395.91 321.59 271.17 403.79 471.33 520.40 382 23 Machinery except electrical.............................. Electrical and electronic equipment................... Transportation equipment................................. Motor vehicles and equipment...................... Instruments and related products ................... Miscellaneous manufacturing........................... 367.62 322.65 449.96 470.61 320.79 246.53 386.78 350.33 490.89 524.80 341.78 265.88 383.51 349.11 474.62 503.02 340.54 264.81 395.79 358.80 505 04 546.56 349.29 269.10 396.06 357.98 505.66 545.96 346.72 272.23 405.18 363.08 515.23 550.81 350.96 272.23 418.63 369.51 521.33 556.16 357.25 278.00 411.73 364.97 517.37 555.08 356.75 272.30 413.55 364.15 514.80 544.80 356.79 276.01 415.80 364.08 521.16 560.33 358.85 276.01 417.21 364.49 523.40 563.94 358.80 275.32 413.82 363.60 514.11 546.69 354.50 274.71 417.06 365.31 519.59 557.48 362.61 273.62 410.94 360.69 509.09 540 99 359.38 273.08 411.10 364.10 504.99 536.76 356.00 275.18 297.22 312.05 370.06 218 63 180.44 389.58 318.35 323.90 387.09 250.29 194.39 423.44 319.98 326.00 385.78 254.41 195.81 429.28 325.21 330.07 380.16 258.55 198.35 439.79 323.99 324.77 370.56 256.46 198.72 437.76 327.20 329.57 431.88 256.66 199.82 440.64 330.42 333.56 385.18 258.71 199.65 448.51 326.67 331.35 410.34 257.52 198.55 440.91 326.30 327.27 405.13 259.84 200.38 438.44 327.49 329.73 416.60 258.96 201.12 437 68 329.94 332.99 451.49 260.42 202.03 442.47 328.68 333.83 457.38 257.44 200.02 443.59 331.53 337.60 482.76 259.77 202.40 449.10 330.57 333.88 430.44 252.70 198.91 455.33 330.22 334.40 433.87 255.17 199.99 453.60 324.25 407.36 546.99 342.54 440.54 583.43 343.82 439.67 572.90 350.74 448.33 592.73 350.74 449.94 586.04 352.81 457.21 590.46 356.74 462.16 603.88 347.25 458.22 594.03 349.68 457.80 584.21 353.02 458.81 585.98 353.02 460.74 590.02 351.92 460.64 580.75 349.68 463.26 579.86 351.56 462.87 576.35 355.32 462.87 577.68 302.54 189.75 329.19 203.87 329.60 207.00 337.30 209 43 338.55 206.83 338 94 207.76 345.98 209.25 343.14 208.46 342.72 208.66 341.94 205.05 347.33 210.16 341.94 209.59 344.84 213.76 342.38 213.93 339.49 209.22 Aug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r. M ay June J u ly P A ug. F P R IV A T E S E C T O R Current dollars.............................................. Seasonally adjusted................................... ................................. C o n s ta n t ( 1 9 7 7 ) d o l l a r s $280.64 $286.64 $288.05 $286.42 $289.68 $289.10 $288.40 $288.40 $292.64 $291.46 $294.30 $296.19 $294.65 280.00 284.77 286.18 286.53 287.58 290.63 290.52 291.23 294.17 292.64 294.05 293.92 293 92 170.08 172.99 173.42 172.44 174.40 173.32 172.59 172.59 174.71 173.18 174.45 174.85 (1) M A N U F A C T U R IN G Current dollars............................................... Constant (1977) do llars................................. 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 ...................................................................... Food and kindred products.............................. Tobacco manufactures .................................... Textile mill products......................................... Apparel and other textile products................... Paper and allied products................................. Printing and publishing................................... Chemicals and allied products ......................... Petroleum and coat products........................... Rubber and miscellaneous plastics products......................................... Leather and leather products........................... T R A N S P O R T A T IO N A N D P U B L IC U T IL IT IE S 402.48 421.20 422.26 428.67 432.13 432.69 436.70 434.34 429.39 429.78 435.05 432.38 440.59 446.08 447.28 W HO LESALE TRADE 309.85 328.79 329.64 333.59 336.30 335.92 339.99 338.69 335.78 336.66 342.27 342.00 344.43 348.04 346.37 R E T A IL T R A D E 163.85 171.05 174.77 172.82 173.12 173.44 178.02 173.17 173.17 174.34 175.82 176.40 178.75 180.21 178.70 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 245.44 263 90 261.36 264.61 271.18 266.78 268.97 275.58 274.46 273.70 278.13 274.07 275.15 280.02 276.28 S E R V IC E S 225.59 238.71 238.92 241.00 242.96 242.54 243.52 246.78 246.13 245.80 248.52 246.13 247.74 250.24 248.16 1Not available. p - preliminary. 17. NOTE: See “ Notes on the data” for a description of the most recent benchmark revision. In dexes of diffusion: in dustries in w hich em ploym ent increased, seasonally adjusted [In percent] T im e Year Jan. Feb. M a r. A p r. M ay June J u ly Aug. S e p t. O c t. Nov. D ec. Over 1-month span 1982 . . . . 1983 . . . . 1984 . . . . 27.6 54.3 71.1 47.6 46.5 73.2 35.7 60.8 67.0 31.1 68.9 63.8 41.1 69.5 64.1 33.5 64.6 63.0 34.6 74.3 P60.8 32.4 68.6 P57.3 37.3 69.5 - 28.9 75.4 - 32.4 69.7 - 45.7 73.8 - Over 3-month span 1982 . . . . 1983 . . . . 1984 . . . . 25.1 46.8 82 2 27.8 57.3 80.5 27.8 64.1 76.5 27.3 75.1 71.1 27 6 75.7 68.4 28.6 77.8 P69.5 23.5 74,1 P65.1 24.1 81.6 26.5 80.8 — — 25.9 78.9 - 27.8 79.5 - 41.6 77.6 - Over 6-month span 1982 . . . . 1983 . 1984 . . . . 19.2 50.8 81.9 22.2 63.0 82.7 21.9 69.2 79.7 24.6 75.1 P75.4 20.3 80.0 P70.5 21.4 82.4 — 21.4 84.1 — 18.6 82.4 — 23.2 84.6 - 27.3 85 9 - 29.5 86.8 - 35.4 83.8 - Over 12-month span 1982 . . 1983 . . . . 1984 . . 21.6 49.5 P86.2 21.4 54.3 P82.7 17.6 61.9 — 18.1 71.1 — 16.2 77.3 — 18.1 79.5 — 21.1 83.8 — 21.1 88.1 — 25.1 86.8 — 31.6 87.3 — 34.1 85.4 — 40.3 87.3 — span p = preliminary. NOTE: Figures are the percent of industries with employment rising. (Half of the unchanged components 66 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis are counted as rising.) Data are centered within the spans. See the "Definitions” in this section. See “ Notes on the data” for a description of the most recent benchmark revision. UNEMPLOYMENT INSURANCE DATA a t i o n a l u n e m p l o y m e n t i n s u r a n c e d a t a are compiled monthly by the Employment and Training Administration of the U.S. De partment of Labor from monthly reports of unemployment insur ance activity prepared by State agencies. Railroad unemployment insurance data are prepared by the U.S. Railroad Retirement Board. persons in unemployment insurance programs to indicate they are out of work and wish to begin receiving compensation. A claimant who continued to be unemployed a full week is then counted in the insured unemployment figure. The rate of insured unemployment expresses the number o f in sured unemployed as a percent of the average insured employment in a 12-month period. Definitions Average weekly seasonally adjusted insured unemployment data are computed by BLS’ Weekly Seasonal Adjustment program. This procedure incorporated the X -11 Variant of the Census Method II Seasonal Adjust ment program. N Data for all programs represent an unduplicated count of insured un employment under State programs, Unemployment Compensation for ExServicemen, and Unemployment Compensation for Federal Employees, and the Railroad Insurance Act. An application for benefits is filed by a railroad worker at the beginning of his first period of unemployment in a benefit year; no application is required for subsequent periods in the same year. Number of payments are payments made in 14-day registration periods. The average amount of benefit payment is an average for all compensable periods, not adjusted for recovery of overpayments or settlement of underpayments. However, total benefits paid have been adjusted. Under both State and Federal unemployment, insurance programs for civilian employees, insured workers must report the completion of at least 1 week 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 p loym ent insurance and em ploym ent service operations [All item s except average benefits am ounts are in thousands] 1984 1983 It e m Aug. J u ly All programs: Insured unemployment........................ State unemployment insurance program:1 Initial claims2 ...................................... Insured unemployment (average weekly volume)................................. Rate of Insured unemployment.............. Weeks of unemployment compensated . . Average weekly benefit amount for total unemployment ................... Total benefits paid .............................. State unemployment insurance program:1 (Seasonally adjusted data) Initial claims2 ...................................... Insured unemployment (average weekly volume)................................. Rate of insured unemployment.............. S e p t. Nov. O c t. Jan. D ec. Feb. 3,374 M a r. 3,174 A p r. M ay June J u ly P 2,166 2,327 2,958 2,613 2,290 1,529 1,433 r1,429 r1,370 1,389 1,731 3,056 3.6 11,622 2,843 3.3 11,339 2,515 2.9 r9,695 2,215 2.6 r9,304 2,111 2.5 8,228 2,270 2.6 8,428 $124.67 r$125.26 r$123.69 $122.61 $123.60 $124.30 $121.14 $123.00 $122.19 $121.32 $121.53 $1,297,164 $1,367,186 $1,104,404 $1,002,141 $1,099,862 $1,203,605 $1,457,983 $1,400,458 $1,369,536 r$1,173,601 r$1,109,268 $122.69 $975,000 $120.18 $982,838 2,478 2,620 2,915 3,275 2,917 2,580 r1,803 1,668 1,381 1,522 1,757 2,105 2,356 2,449 2.8 9,383 2,358 2.7 8,417 2,508 2.9 9,301 2,805 3.3 10,168 3,249 3.8 12,232 3,049 3.5 10,957 1,723 2,766 3.2 11,581 1,841 1,664 1,656 1,717 1,620 1,606 1,568 1,554 1,619 1,692 1,574 2,432 2.8 3,303 3.8 3,026 3.5 3,088 3.6 2,617 3.1 2,677 3.1 2,721 3.2 2,486 2.9 2,416 2.8 2,505 2.9 2,612 3.0 2,324 2.7 Unemployment compensation for exservicemen:3 Initial claims1 ...................................... Insured unemployment (average weekly volume)................................. Weeks of unemployment compensated . . Total benefits paid .............................. 16 19 17 16 15 14 15 13 13 12 12 12 13 25 95 $12,134 26 110 $14,082 27 106 $13,531 28 107 $14,074 28 116 $15,121 27 113 $14,815 27 112 $14,532 24 96 $12,540 22 89 $11,813 20 78 r$10,349 18 79 r$10,577 18 72 $9,633 18 72 $9,664 Unemployment compensation for Federal civilian employees:4 Initial claims......................................... Insured unemployment (average weekly volume)................................. Weeks of unemployment compensated . . Total benefits paid .............................. 12 11 11 15 13 13 16 10 9 13 9 11 12 23 84 $9,646 22 96 $10,982 22 83 $9,535 25 88 $10,144 27 110 $12,415 29 119 $13,888 32 133 $15,588 31 129 $15,003 28 122 $14,778 23 98 r$11,844 20 r88 r$10,529 19 76 $9,032 20 80 $9,512 Railroad unemployment insurance: Applications......................................... Insured unemployment (average weekly volume)................................. Number of payments........................... Average amount of benefit payment . . . Total benefits paid .............................. Employment service:5 New applications and renewals.............. Nonfarm placements ........................... 55 14 9 7 8 8 10 4 3 2 2 11 25 49 92 $199.87 $17,551 46 107 $214.21 $21,789 41 103 $214.77 $20,239 48 92 $211.41 $19,531 40 92 $212.36 $19,536 43 95 $213.71 $19,870 51 121 $210.73 $23,866 49 104 $209.56 $23,228 41 99 $208.96 $20,112 27 70 $196.32 $13,356 19 54 $188.45 $10,233 16 38 $187.37 $7,039 16 35 $189.06 $6,691 15,595 3,012 11nitial claims and State insured unemployment include data under the program for Puerto Rican sugarcane workers. Excludes transition claims under State programs. Excludes data on claims and payments made jointly with other programs. “•Excludes data or claims and payments made jointly with State programs. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4,297 782 8,231 1,469 9,517 1,810 ^Cumulative total for fiscal year (October 1-September 30). Data computed quarterly, NOTE: Data for Puerto Rico and the Virgin Islands included. Dashes indicate data not available. P = preliminary. r = revised. 67 PRICE DATA P r ic e d a t a are gathered by the Bureau of Labor Statistics from retail and primary markets in the United States. Price indexes are given in relation to a base period (1967 = 100, unless otherwise noted). Definitions The Consumer Price Index is a monthly statistical measure of the average change in prices in a fixed market basket of goods and services. Effective with the January 1978 index, the Bureau of Labor Statistics began pub lishing CPI’s for two groups of the population. It introduced a CPI for All Urban Consumers, covering 80 percent of the total noninstitutional pop ulation, and revised the CPI for Urban Wage Earners and Clerical Workers, covering about half the new index population. The All Urban Consumers index covers in addition to wage earners and clerical workers, professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, retirees, and others not in the labor force. The CPI is based on prices of food, clothing, shelter, fuel, drugs, transportation fares, doctors’ and dentists’ fees, and other goods and ser vices that people buy for day-to-day living. The quantity and quality of these items is kept essentially unchanged between major revisions so that only price changes will be measured. Data are collected from more than 24,000 retail establishments and 24,000 tenants in 85 urban areas across the country. All taxes directly associated with the purchase and use of items are included in the index. Because the CPI’s are based on the ex penditures o f two population groups in 1972-73, they may not accurately reflect the experience o f 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 producers 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 o f fabrication (that is, finished goods, intermediate or semifinished goods, and crude materials). The commodity structure organizes products by sim ilarity o f end-use or material composition. 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis To the extent possible, prices used in calculating Producer Price Indexes apply to the first significant commercial transaction in the United States, from the production or central marketing point. Price data are generally collected monthly, primarily by mail questionnaire. Most prices are ob tained directly from producing companies on a voluntary and confidential basis. Prices generally are reported for the Tuesday of the week containing the 13th day of the month. In calculating Producer Price Indexes, price changes for the various commodities are averaged together with implicit quantity weights repre senting their importance in the total net selling value of all commodities as of 1972. The detailed data are aggregated to obtain indexes for stage o f 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 of the specified industry and weighted by the value of shipments in the industry. They use data from comprehensive industrial censuses conducted by the U.S. Bureau of the Census and the U .S. Department of Agriculture. Notes on the data Regional CPI’s cross classified by population size were introduced in the May 1978 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 O ver 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 D etailed 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 o f Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 7. For consumer prices, see BLS Handbook o f Methods f o r 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. 19. C o n su m er P rice Index fo r Urban W age E arners and C lerical W orkers, annual a verag es and c hanges, 1 9 6 7 -8 3 [1 9 6 7 = 100 ] Food and A ll i te m s A p p arel and H o u s in g T r a n s p o r t a t io n upkeep b e v e ra g e s M e d ic a l c a r e O th e r g oods E n t e r t a in m e n t a n d s e r v ic e s Year P erc e n t In d e x change In d e x P e rc e n t change P e rc e n t In d e x P e rc e n t In d e x change In d e x change P e rc e n t In d e x change P ercen t change In d e x P ercen t In d e x change P e rc e n t change 1967 1968 1969 1970 ................. ................. ................. ................. 100.0 104.2 109.8 116.3 4.2 5.4 5.9 100.0 103.6 108.8 114.7 3.6 5.0 5.4 100.0 104.0 110.4 118.2 4.0 6.2 7.1 100.0 105.4 111.5 116.1 5.4 5.8 4.1 100 0 103.2 107.2 112.7 3.2 3.9 5.1 100.0 106.1 113.4 120.6 6.1 6.9 6.3 100.0 105.7 111.0 116.7 5.7 5.0 5.1 100.0 105.2 110.4 115.8 5.2 4.9 5.8 1971 1972 1973 1974 1975 ................ ................. ................. ................. ................. 121.3 125.3 133.1 147.7 161.2 4.3 3.3 6.2 11.0 9.1 118.3 123.2 139.5 158.7 172.1 3.1 4.1 13.2 13.8 8.4 123.4 128.1 133.7 148.8 164.5 4.4 3.8 4.4 11.3 10.6 119.8 122.3 126.8 136.2 142.3 3.3 2.1 3.7 7.4 4.5 118.6 119.9 123.8 137.7 150.6 5.2 1.1 3.3 11.2 9.4 128.4 132.5 137.7 150.5 168.6 6.5 3.2 3.9 9.3 12.0 122.9 126.5 130.0 139.8 152.2 5.3 2.9 2.8 7.5 8.9 122.4 127.5 132.5 142.0 153.9 4.8 4.2 3.9 7.2 8.4 1976 1977 1978 1979 1980 ................. ................ ................ ................ ................ 170.5 181.5 195.3 217.7 247.0 5.8 6.5 7.6 11.5 13.5 177.4 188.0 206.2 228.7 248.7 3.1 8.0 9.7 10.9 8.7 174.6 186.5 202 6 227 5 263.2 6.1 6.8 8.6 12.3 15.7 147.6 154.2 159.5 166.4 177.4 3.7 4.5 3.4 4.3 6.6 165.5 177.2 185.8 212.8 250.5 9.9 7.1 4.9 14.5 17.7 184.7 202.4 219.4 240.1 287.2 9.5 9.6 8.4 9.4 11.3 159.8 167.7 176.2 187.6 203.7 5.0 4.9 5.1 6.5 8.5 162.7 172.2 183.2 196.3 213.6 5.7 5.8 6.4 7.2 8.8 1981 ................. 1982 ................. 1983 ................. 272.3 288 6 297.4 10.2 6.0 3.0 267.8 278.5 284 7 7.7 4.0 2.2 293.2 314.7 322.0 11.4 7.3 2.3 186.6 1909 195.6 5.2 2.3 2.5 281.3 293.1 300.0 12.3 4.2 2.4 295.1 326.9 355.1 10.4 10.8 8.6 219.0 232.4 242.4 7.5 6.1 4.3 233.3 257.0 286.3 9.2 10.2 11.4 20. C o n su m er P rice Index fo r All Urban C onsum ers and revised CPI fo r Urban W age E arners and C lerical W orkers, U.S. city averag e — general sum m ary and groups, subgroups, and selected item s [1 9 6 7 = 1 0 0 unless otherw ise specified] U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry 1984 1983 1984 1983 J u ly Feb. M a r. A p r. M ay June J u ly J u ly Feb. M a r. A p r. M ay June J u ly A ll i t e m s ........................................................................................................................ 299 3 306.6 307.3 308.8 309.7 310.7 311.7 298.2 303.3 303.3 304.1 305.4 306.2 307.5 Food and beverages .......................................................... Housing .......................................................................... Apparel and upkeep.......................................................... Transportation.................................................................. Medical care Entertainment .................................................................. Other goods and services................................................. 284.7 324.5 195.0 300 4 357.7 246.0 287.5 294.2 331.0 196.2 305.8 373.2 251.5 301.5 294.3 331.5 198.8 306.9 374.5 251.7 302.1 294.5 333.2 199 2 309.6 375.7 253.8 302.8 293.6 334.6 1989 312.2 376.8 253.5 303.2 294 3 336.2 197.4 313.1 378.0 254.5 304.4 295.3 338.1 1966 312.9 380 3 255.3 306.5 285.0 323.1 194.0 301.9 355.6 242.5 286.4 294.4 324.2 195.4 307.7 371.3 247.7 299.2 294.5 322.9 198.0 308.9 372.6 248.0 299.7 294.7 322.7 198.2 311.9 373.9 249.8 300.4 293.7 325.2 197.7 314.6 375.0 249 6 300.8 294.3 326.2 196.1 315.5 376.3 250.7 302.1 295.3 328.7 195.3 315.2 378.5 251.4 304.5 Commodities..................................................................... Commodities less food and beverages...................... Nondurables less food and beverages................... Durables............................................................... 272.5 262.3 273.5 252.9 278.3 266.0 274.0 260.9 278.7 266.6 274.2 262.2 280.1 268.7 275.7 265.2 280.4 269.7 276.1 267.0 280.6 269.6 275.4 267.8 280.6 269.0 274.3 267.8 274.2 264.9 275.7 254.8 278.0 266.2 276.0 256.9 278.1 266.4 276.1 257.1 279.2 267.8 277.5 258.5 279.5 268.7 277.9 259.8 279.7 268.7 277.2 260.3 280.1 268.8 276.2 261.3 Services .......................................................................... Rent, residential ....................................................... Household services less rent of shelter (12/82 = 100) Transportation services ............................................ Medical care services ............................................... Other services ......................................................... 345.6 237.1 104.8 302.3 387.2 276.3 355.3 243.6 105.7 314.4 404.4 289.1 356.5 244.8 105.8 315.4 405.3 290.4 358.1 246.4 106.2 315.8 406.3 291.3 359.9 247.2 107.4 317.7 407.1 292.3 361.9 248.4 108.5 319 6 408.4 293.6 364.5 249.7 109.7 321.4 410.9 294.2 342.8 236.5 350.1 242.9 349.9 244.1 350.1 245.7 353.4 246.5 355.2 247.7 358.2 249.0 298.4 384.4 274.2 310.6 401.8 286.1 311.6 402.7 287.6 312.1 403.9 288.3 313.9 404.7 289.4 315.7 406.1 290 9 317.4 408.6 291.5 All items less food................................................. All items less homeowners' costs ......................... All items less mortgage interest co s ts ................... Commodities less food ......................................... Nondurables less food ......................................... Nondurables less food and apparel......................... Nondurables.......................................................... Services less rent of shelter (12/82 = 100)........... Services less medical care ................................... Domestically produced farm food s......................... Selected beef c u ts ................................................. Energy .................................................................. Energy commodities ......................................... All items less energy ............................................ All items less food and energy........................... Commodities less food and energy................ Services less energy............................................... 299 3 102.3 305.9 104.8 306.8 105.1 308.6 105.5 310.0 105.9 311.0 106.2 312 0 106.5 298.5 302.4 302.4 303.3 305.2 306 0 307.3 260.2 268.4 310.4 280.3 103.1 338.9 269.6 275.8 430.1 423.4 289.2 286.8 242.7 337.9 263.8 269.1 311.2 285.3 106.3 347.8 280.7 280.8 420.2 414.5 298.2 295.5 248.5 349.5 264.4 269,3 310.3 285.5 106.5 349.0 279.9 279.7 418.1 410.7 299.2 296.7 249.9 350.7 266.5 270.7 312.1 286.3 106.8 350.6 279.4 280 6 421.3 414.2 300.5 298.3 251.8 352.2 267.4 271.1 313.0 286.1 107.5 352.5 277.4 278.1 426.1 416.3 301.1 299.3 252.5 353.3 267.4 270.5 312.9 286.0 108.3 354.5 278.0 273.7 428.5 414.4 301 9 300.2 252 8 354.7 266.8 269 5 311.9 286.0 109.0 357.1 279.0 271.9 428.3 408.9 303.1 301.3 253.0 356.8 285.3 262.7 270.6 312.1 281.4 290.9 264.1 271.1 312.4 286.3 291.3 264 3 271.3 311.6 286.4 292.4 265.7 272.6 313.5 287.2 293.2 266.6 273.0 314.3 286.9 294 0 266.6 272.4 314.3 286.9 294.9 266.7 271.4 313.3 286.8 336.1 268.5 277.2 430.9 424.5 287.4 284.9 243.8 334.5 342.4 279.4 282.1 420.2 414.7 293.8 290.4 246.6 343 6 342.1 278.6 281.3 418.2 411.3 294 0 290.7 247.2 343.3 342.2 278.1 282.3 421.5 414.8 294.6 291.3 248.4 343.3 345.8 276.0 279.3 426 0 416.9 295.7 293.0 249.1 346.1 347.6 276.4 274.9 428.2 415.0 296.3 293.6 249.3 347.2 350.5 277.4 272.8 427.8 409.5 297.8 295.1 250.1 349.7 Purchasing power of the consumer dollar, 1967 = $1 $0.334 $0.326 $0.325 $0.324 $0 323 $0.322 $0.321 $0.335 $0.330 $0.330 $0.329 I $0.327 $0.327 $0.325 S p e c i a l in d e x e s : https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Consumer Prices 20. C o n tin u ed — C onsum er P rice In dex— U.S. city average [1 9 6 7 = 1 0 0 unless otherw ise specified] A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry 1983 J u ly U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s 1984 Feb. M a r. A p r. 1983 M ay June J u ly J u ly 1984 Feb. M a r. A p r. M ay June J u ly FO OD A N D BEVERAG ES 284.7 294.2 294.3 294.5 293.6 294 3 295.3 285.0 294.4 294.5 294.7 293.7 294.3 295.3 Food 292.0 302.1 302.2 302.3 301.4 302.0 303.2 292.1 302.1 302.1 302.3 301.2 301.8 302.8 Food at home .................................................................. Cereals and bakery products ...................... Cereals and cereal products (12/77 = 100) ............. Flour and prepared flour mixes (12/77 = 100)................... Cereal (12/77 = 100) ............................................ Rice, pasta, and cornmeal (12/77 = 100) ......................... Bakery products (12/77 = 100)................................................. White bread................................................. Other breads (12/77 = 100)................... Fresh biscuits, rolls, and muffins (12/77 = 100) .............. Fresh cakes and cupcakes (12/77 = 100) ........................ Cookies (12/77 = 100) .............................. Crackers, bread, and cracker products (12/77 = 100) . . . Fresh sweetrolls, coffeecake, and donuts 912/77 = 100) Frozen and refrigerated bakery products and fresh pies, tarts, and turnovers (12/77 = 1 0 0 ).............. 282.8 293.7 158.3 142.8 176.7 146.5 154.4 254 3 149.5 153.2 155.4 157.0 150.3 154.1 293.6 300.3 160.3 143.4 180.4 147.2 158.5 257.3 153.9 158.7 160.4 162.6 152.3 160.4 293.1 301.5 161.9 144.6 182.3 148.8 158.8 258.9 153.0 158.8 160.0 162.9 153.9 160.5 292.8 302 8 162.5 143 8 183.9 149.2 159.4 258.2 154.7 159.2 161.2 163.8 156.6 160.1 290.7 303.5 163.4 144.6 185.1 150.0 159.6 260.4 154.3 158.5 160.6 163 9 155.4 161.5 291.4 304.9 164.2 146.2 185.7 150.1 160.4 260.2 154.8 158.7 161.3 165.8 157.9 162.1 292.5 306.6 164.5 147.2 185.7 150.3 161.5 260.9 155.7 158.7 163.9 166.1 160.7 163.0 281.8 292.3 159.2 143.3 178.8 147.7 153.2 249.9 151.6 149.6 153.6 157.9 151.8 156.9 292.4 298.9 161.0 143.8 182.5 148.4 157.2 253.0 156.0 154.7 158.6 163.4 153.6 163.2 291.9 300.0 162.6 145.1 184.4 150.0 157.5 254.6 155.2 154.9 158.1 163.7 155.2 163.3 291.6 301.3 163.1 144.1 186.1 150.4 158.2 254.0 156.8 155.1 159.2 164.8 158.1 163.1 289.4 301.9 164.1 144.8 187.3 151.1 158.4 256.1 156.6 154.3 158.7 164.7 156.6 164.2 290 0 303.4 164.8 146.5 188.0 151.2 159.1 256.0 157,0 154.5 159.3 166.7 159.2 164.9 291.0 304 9 165.2 147.5 188 0 151.4 160.1 256.6 157.8 154.6 161.8 167.1 162 0 165 6 159.4 163.9 163.8 166 0 164.9 166.6 169.0 152.5 157.1 157.0 159.1 158.1 159.8 162.1 Meats, poultry, fish, and eggs ...................................... Meats, poultry, and f is h .................................................... Meats ............................................................ Beef and veal 1 Ground beef other than canned................................. Chuck roast ................................................. Round ro a s t....................................................... Round steak......................................................... Sirloin stea k............................................................... Other beef and veal (12/77 = 100) ........................... Pork....................................................... Bacon .................................................................. Chops ....................................................................... Ham other than canned (12/77 = 1 0 0 )................ Sausage .................................................................... Canned h a m .................................................... Other pork (12/77 = 100) ......................................... Other meats .................................................................. Frankfurters .................................................... Bologna, liverwurst, and salami (12/77 = 100) . . . . Other lunchmeats (12/77 = 100) .............................. Lamb and organ meats (12/77 = 100) ...................... Poultry......................................................... Fresh whole chicken.................................................... Fresh and frozen chicken parts (12/77 = 1 0 0 )........... Other poultry (12/77 = 10 0)...................................... Fish and seafood ............................................................... Canned fish and seafood .............................. Fresh and frozen fish and seafood (12/77 = 100) . . . Eggs.......................................................................................... 260.4 267.2 267.8 275.8 261.4 277.6 240.7 257.8 285.2 168.8 251.2 267.3 232.9 108.3 318.9 256.8 140.0 266.9 265 9 154.0 137.1 138.4 198.1 198.7 129.6 126.0 368.9 135.7 143.3 177.9 273.0 273.9 270.0 280.9 261.1 293.1 253.5 264.5 274.6 172.3 250.6 267.9 230.7 109.8 320.0 251.1 139.3 265.0 263.5 152.4 136.2 138.2 225.5 235.9 152.2 128.5 386.2 132.9 155.5 270.3 269.6 272.6 268.8 279.9 260 9 286.6 251.2 261.6 278.7 172.2 248.6 258.9 229.6 112.2 315.2 251.5 137.8 265 1 264.2 153.1 136.3 137.2 223.2 232.6 150.7 127.9 385.3 132.1 155.4 237.2 270.5 272.7 268.9 280.8 262.7 286.8 250.9 262.4 284.3 172.1 247.7 258.8 232.9 109.2 314.8 246.9 137.3 264.6 262.5 152.9 135.3 138.9 222.3 231.2 150.1 128.0 387.3 132.7 156.3 249.6 266.7 270.9 267.9 278.3 259.7 281.0 246.5 261.3 280.0 172.0 248.0 262.5 227.3 110.2 318.7 249.7 137.1 265.7 264.8 153.6 135.9 138.5 218.0 223.2 145.9 130.3 380.8 132.3 152.6 218.9 263.9 270.3 266 8 274.2 255.1 272.1 238.3 254.2 284.6 170.9 250 5 262 8 234.4 110.7 319.3 248.3 139.1 267 5 265.8 155.0 138.2 137.1 219.6 223.7 147.6 131.6 382.3 133.0 153.1 185.8 264.6 271.4 267.3 272.1 253.0 269.1 231.4 250.6 286.5 170.5 255.5 272.4 242.4 111.4 322.0 246.5 142.0 268.0 265.3 154.8 138.2 139.0 221.3 228 1 146.6 132.7 387.0 134.4 155.1 182.7 260.1 266.8 267.3 276.5 262.7 286.3 243.8 256 5 287.5 167.4 250.8 271.6 231.1 105.5 320.0 262.6 139.3 266.6 264.9 154.1 135.2 141.6 196.1 196.6 127.7 125.3 367.3 135.2 142.8 178.7 272.4 273.2 269.4 281.6 261.9 302.0 257.3 264.0 276.5 170 8 250.1 271.6 228.7 107.0 321.1 255.7 138.7 264.4 262.0 152.3 134.2 141.6 223.5 233.4 150.2 127.9 384.6 132.4 155.2 271.8 269 0 272.0 268.3 280.8 262.1 295.8 254.5 261.3 280.9 171.0 248.0 262.7 227.8 109.1 315.6 256.3 137.1 264.6 263.0 152.9 134.3 140.5 221.2 229.8 148.7 127.6 383.9 131.7 155.2 238.7 270.0 272.1 268 4 281.7 264 0 295.8 254.7 261.4 286.4 171.0 247.2 262.6 231.1 106.3 315.3 252.1 136.8 263.9 261.1 152.6 133.4 142.1 220.4 228.7 148.3 127.3 385.9 132.2 156.1 251.0 266.1 270.1 267.2 278.8 260 6 289.5 250.2 258.7 281.7 170.7 247.4 266.3 225.2 107.4 319.2 254.8 136.4 265.1 263.4 153.4 134.0 141.7 216.0 221.0 143.9 129.6 380.0 131.9 152.7 220.0 263.3 269.6 266.1 274.6 256.3 280.9 242.6 251.3 285.9 169.3 249 9 266.7 232.4 107.6 319.8 253.3 138.3 267.1 264.4 154.7 136.4 140.3 217.7 221.5 145.7 131.0 380.9 132.5 152 9 186.7 263.9 270.4 266.6 272.4 253.7 277.3 235.1 247.7 288.4 169.1 254.8 276.3 240.1 108.3 322.9 252.0 141.1 267.5 263.8 154.8 136.4 142.0 218.8 225.4 144.4 131.5 385.5 133.9 154.8 183.7 Dairy products.................................................................. Fresh milk and cream (12/77 = 100)........................... Fresh whole milk ......................................... Other fresh milk and cream (12/77 = 100)................ Processed dairy products ......................................... Butter ......................................................... Cheese (12/77 = 1 0 0 )............................................ Ice cream and related products (12/77 = 100) . . . . Other dairy products (12/77 = 100) ................................. 249.8 136.2 222.8 136.4 148.2 253.3 146.9 151.6 144.5 250.9 136.5 223.3 137.0 149.3 253.4 146.8 155.6 146.2 250.8 136.5 222.9 137.3 149.2 254.4 146.3 155.3 146 9 251.5 136.8 223.7 137.3 149.6 252.4 146.6 156.4 148.2 251.0 136.5 223.0 137.3 149.4 254.2 146.2 156.6 146.8 251.7 136.6 223.2 137.3 150.2 254.1 147.4 156.6 148.5 252.2 136.7 223.3 137.5 150.8 261 2 147.9 155.8 148.3 249.0 135.7 222.0 135.8 148.5 255.8 147.3 150.7 145.1 250.1 136.0 222.3 136.4 149.5 255.9 147.1 154.4 146.7 249.8 135.8 221.9 136.7 149.4 256.9 146.6 154.3 147.4 250.5 136.2 222.6 136.6 149.8 254 9 146.9 155.3 148.7 250.1 135.9 222.0 136.6 149.7 256.8 146.5 155.5 147.3 250.6 135.9 222.1 136.6 150.5 256.7 147.8 155.5 148.8 251.1 136.0 222.2 136.8 151.0 263.8 148.2 154.8 148.6 Fruits and vegetables ............................................ Fresh fruits and vegetables ................................... Fresh fruits ....................................................... Apples .................................................... Bananas ................................................. Oranges .............................................. Other fresh fruits (12/77 = 100)................................. Fresh vegetables .............................................. Potatoes................................................. Lettuce....................................................... Tomatoes ....................................................... Other fresh vegetables (12/77 = 100)......................... 298.7 310.6 326.5 287.5 325.2 347.9 173.3 295.8 320.7 280.5 243.1 167.6 321.0 342.8 296.0 287.9 263.2 303.0 158.2 386.6 359.6 278.5 332.8 252.1 323.2 344.3 300.5 298 6 264.1 309.6 159.1 385.4 363.5 290.5 318.5 249.4 315.3 326.5 304.2 299.3 275.2 309.5 161.5 347.4 367.3 244.4 280.4 218.9 310.2 316.0 315.2 298.8 251.1 344.8 169.9 316.8 372.1 234.1 252.8 187.4 318.1 329.7 343.3 315.5 277.9 452.5 169.6 317,1 391 4 262.6 262.3 174.6 320.0 332.4 346.9 329.9 271.8 486.5 163.6 318.8 455.6 246.0 237.3 167.1 294.7 304.8 315.3 288.8 323 1 321.5 166 6 295.5 318.2 280.6 247.3 167.3 317.2 337.4 286.2 289.3 260.7 276.2 152.6 383 8 353.2 280.2 337.6 249.7 319.4 339.0 290 8 298.7 262.2 284.2 153.4 382.7 357.7 292.6 322.7 247.0 311.2 321.0 294.0 300.4 273.1 283.4 155.1 345 4 360.1 247.1 286.6 217.2 305.6 309.5 303.2 299.5 248.8 313.9 163.2 315.4 366.0 236.4 257.6 186.3 313.1 322.5 328.8 315.2 275.5 413.0 162.6 316.8 387.6 264.6 267.4 174.1 315.1 325.2 333.5 330.6 269.5 448.5 157.0 317.8 451.1 246.2 242.1 166.1 Processed fruits and vegetables................................. Processed fruits (12/77 = 1 0 0 )......................................... Frozen fruit and fruit juices (12/77 = 1 0 0 )................ Fruit juices other than frozen (12/77 = 100) .............. Canned and dried fruits (12/77 = 1 0 0 )...................... 288.2 150.6 140.6 156.4 152.6 299.9 156.8 154.9 158.4 156.8 302.8 159.5 159.4 160.8 158.3 305.7 161.7 163.2 163.2 158.8 306.5 162.1 163 8 164.1 158.6 308.0 163.2 164.8 165.2 159.6 309 2 163.6 163.9 165.7 161.2 285.9 150.2 139.8 155.4 153.1 297 4 156.3 154.0 157.3 157.1 300.2 159.0 158.6 159.7 158.5 302.9 161.2 162 4 162.2 159.0 303.8 161.6 163.1 163.1 158.7 305.3 162.7 164.1 164.3 159.9 306.5 163.1 163.1 164.8 161.4 70 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20. C o n tin u ed — C o nsum er Price In d ex— U.S. city average [1967 = 100 unless otherwise specified] U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry 1984 1983 1984 1983 J u ly Feb. M a r. A p r. M ay June J u ly J u ly Feb. M a r. A p r. June J u ly Fruits and vegetables—Continued Processed vegetables (12/77 = 1 0 0 )................................. Frozen vegetables (12/77 = 100) .............................. Cut corn and canned beans except lima (12/77 = 100) Other canned and dried vegetables (12/77 = 100) . . . . Other foods at home.......................................................................... Sugar and sweets .................................................................... Candy and chewing gum (12/77 = 100) ........................... Sugar and artificial sweeteners (12/77 = 1 0 0 )................... Other sweets (12/77 = 100).............................................. Fats and oils (12/77 = 100) .................................................... Margarine.......................................................................... Nondairy substitutes and peanut butter (12/77 = 100) . . . Other fats, oils, and salad dressings (12/77 = 100)........... Nonalcoholic beverages ............................................................ Cola drinks, excluding diet cola ......................................... Carbonated drinks, Including diet cola (12/77 = 100) . . . . Roasted coffee .................................................................. Freeze dried and instant coffee............................................ Other noncarbonated drinks (12/77 = 100) ...................... Other prepared foods .................................................................. Canned and packaged soup (12/77 = 100)........................ Frozen prepared foods (12/77 = 100) .............................. Snacks (12/77 = 1 0 0 )....................................................... Seasonings, olives, pickles, and relish (12/77 = 100) . . . Other condiments (12/77 = 1 0 0 )...................................... Miscellaneous prepared foods (12/77 = 100) ................... Other canned and packaged prepared foods (12/77 = 100) . . 139.0 151.7 140.9 131.7 338.7 376.1 151.8 169.7 153.0 259.0 259.5 150.5 130.3 428.7 310.3 145.1 356.6 351.4 140.4 276.8 141.9 154.4 159.3 158.5 156.1 151.6 146.8 144.6 154.2 146.2 138.8 348.4 381.2 154.5 171.8 154.0 281.1 280.5 153.9 145.5 441.8 318.3 152.6 364.3 357.2 144.5 281.4 143.2 156.8 162.8 162.3 156.6 154.6 149.7 144.9 153.5 148.2 138.8 349.7 384.8 156.0 172.5 156.5 280.7 280.1 153.7 145.2 443.5 319.1 153.2 367.6 359.8 144.9 282.1 143.6 156.0 163.3 162.9 156.6 155.0 151.6 145.6 156.0 148.5 138.9 351.0 387.7 158.6 171.8 156.9 282.4 280 5 154.3 146.7 443.6 320.8 151.3 368.6 362.2 144.7 283.8 144.6 159.3 163.0 163.5 157.5 155.8 151,7 146.0 155.4 149.3 139.6 350.8 390.0 159.4 172.4 158.5 282.9 282.7 153.3 146.9 441.7 316.2 150.9 368.9 362.8 146.0 283.9 144.6 158.3 164.7 162.7 157.8 156.0 151.3 146.5 155.6 150.7 139.8 352.1 391 2 160.5 172.4 158.3 285.4 285.6 152.3 149.1 442.3 317.1 150.1 372.8 363.5 146.2 285.3 144.6 160.4 165.1 163.8 158.4 156.0 152.1 147.2 155.1 152.3 140.6 353.1 391.8 161.3 171.0 159.4 291.4 293.2 153.2 152.7 442.7 315.1 150.5 374.8 366 9 147.4 285.4 145.6 159.1 166.0 163.8 160.0 154.9 151.6 137.9 153.3 138.6 130.2 339.3 376.0 151.8 171.0 150.8 258.7 257.6 148.8 130.9 430.3 307.8 142.6 351.7 350.7 140.7 278.4 143.7 153.5 161.3 157.5 157.9 151.8 148.0 143.3 155.8 143.7 137.1 349.1 380.7 154.3 173.0 151.7 280.9 278.8 151.9 146.1 443.5 315.8 150.3 358.9 356.5 144.8 283.0 145.2 156.1 164.9 161.4 158.4 154.8 150.9 143.6 155.2 145.5 137.1 350.2 384.5 155.9 173.7 154.2 280.2 278.1 151.8 145.6 444.9 316.1 150.7 362.0 359.1 145.2 283.7 145.5 155.1 165.4 161.9 158.4 155.1 152.8 144.3 157.7 145.8 137.2 351.6 387.3 158.4 173.0 154.7 281.9 278.5 152.2 147.1 445.2 318.0 149.0 363.0 361.6 144.9 285.4 246.5 258 4 165.2 162.4 159.4 156.0 153.0 144.8 157.1 146.6 138 0 •351.3 389 4 159.2 173.6 156.2 282 4 280.3 151.5 147.3 443.1 313.5 148.5 363.4 362.1 146.4 285.4 146.5 157.3 166.9 161.7 159.6 156.0 152.4 145.3 157.2 148.0 138.1 352.5 390.5 160.3 173.6 155.8 284.9 283.2 150.5 149.4 443.7 314.5 147.6 367.1 362.9 146.4 286 9 146.4 159.6 167.4 163.0 160.2 156.2 153.2 146.0 156.7 149.7 138.9 353.5 391.1 161.0 172.2 157.0 291.0 291.1 151.3 153.2 444.0 312.4 148.1 369.0 366.3 147.7 287.0 147.6 158.3 168.3 162.9 161.9 154.9 152.8 Food away from home ............................................................................ Lunch (12/77 - 1 0 0 )....................................................................... Dinner (12/77 - 100)....................................................................... Other meals and snacks (12/77 = 1 0 0 )........................................... 319.8 154.9 153.4 158.6 328.5 158.5 158.1 162.9 329.8 159.0 158.9 163.4 330.9 159.6 159.6 163.7 332.6 160.5 160.2 164.8 333.1 160.7 160.3 165.3 334.4 161.5 161.0 165.5 323.0 156.5 155.1 159.1 331.7 160.1 159.9 163.4 333.0 160.6 160.8 163.9 334.1 161.2 161.3 164.2 335.9 162.0 162.0 165.3 336.3 162.3 162.0 165.8 337.7 163.0 162.8 166.0 A lc o h o lic b e v e r a g e s 217.2 219.9 220.7 221.3 221.5 222.4 222.5 219.8 223.0 223.8 224.6 224.8 225.6 225.8 144.5 228.9 153.7 241.7 122.7 154.8 144.6 229.7 153.7 239.3 122.3 155.3 145.0 230.2 154.1 241.8 122.4 155.9 145.0 230.6 153.9 240.1 122.4 156.6 M ay 142.8 231.5 153.5 232.5 122.7 155.5 142.5 223.6 152.6 245.2 121.8 147.1 143.6 226.8 153.5 239.8 122.6 153.2 144.1 227.8 153.8 241.5 122.8 153.9 336.2 338.1 323.1 324.2 322.9 322.7 325.2 326.2 328.7 360.2 362.7 108.2 248.4 371.5 106.8 106.8 106.6 358.9 409.8 262.2 108.9 249.7 375.7 107.6 107.7 106.7 360.3 411.6 263.1 S h e l t e r ( C P I W ) ............................................................................................................................................. 344.1 343.7 342.0 341.3 344.2 344.6 347.9 Rent, residential....................................................................................... 236.5 242.9 244.1 245.7 246.5 247.7 249.0 Other renters' costs .................................................................................. Lodging while out of tow n.................................................................. Tenants’ insurance (12/77 - 1 0 0 ).................................................... 350.4 370.7 153.8 360.9 377.9 161.1 363.0 581.3 161.1 370.7 393.8 159.8 370.5 393.5 159.8 370.8 393.9 160.1 375.1 400.6 160.4 Homeownership....................................................................................... 382.5 303.3 491.3 430.8 235.1 622.5 203.8 342.0 381.4 379.4 294 4 490.5 439.3 243.2 617.2 207.7 351.9 396.8 376.6 292.5 484.8 439 9 244.1 607.9 205.4 353.8 400.3 374.9 291.7 480.8 440.3 244 8 601.6 203.9 354.2 401.0 378.5 291.9 490.1 441.0 245.6 615.5 208.4 355.0 402.6 378.8 291.7 490 6 441.5 245.9 616.0 209.3 356.0 403.1 382.7 294.9 496.5 441.6 246.4 624.9 210.1 357.3 405.2 142.3 229.9 153.1 233.4 122.8 153.6 142.3 230 6 153 3 231 4 122.3 154 2 142.8 231.2 153.8 234.0 122.5 154.8 331.5 333.2 334.6 355.5 357.8 358 9 107.4 246.4 371.2 106.2 106.2 106.1 356.3 408.1 259.2 107 8 247.2 371.3 106.5 106.3 160.6 357.3 409.6 259 7 142.0 228.7 153.6 233.6 122.8 152.6 140.7 224.8 152.1 237.1 121.7 146.1 141.5 227.7 153.2 232.4 122.8 152.0 H O U S IN G 324.5 331.0 S h e lte r (C P I U ) ............................................................................................................................................. 345.3 354.0 Renters’ co sts.......................................................................................... Rent, residential ............................................................................... Other renters’ costs .......................................................................... Homeowners' co s ts .................................................................................. Owners’ equivalent r e n t.................................................................... Household insurance.......................................................................... Maintenance and repairs .......................................................................... Maintenance and repair services ....................................................... Maintenance and repair commodities................................................. 103.1 237.1 352.3 102.7 102.7 102.7 346.1 383.3 262.6 106.0 243.6 362.5 105.1 105.1 107.1 353.5 400.9 260 4 106.5 244.8 364.5 105.6 105.5 107.1 355.3 405.9 259.3 Alcoholic beverages at home (12/77 - 100) ............................................ Beer and ale ..................................................................................... Whiskey............................................................................................. Wine ................................................................................................ Other alcoholic beverages (12/77 = 1 0 0 )......................................... Alcoholic beverages away from home (12/77 = 100) .............................. Financing, taxes, and insurance......................................................... Property insurance.................................................................... Contracted mortgage interest co sts............................................ Mortgage interest rates....................................................... Maintenance and repairs.................................................................... Maintenance and repair services................................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Consumer Prices 20. C o n tin u ed — C onsum er P rice In d ex— U.S. city average [1 9 6 7 = 1 0 0 unless otherw ise specified] A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry 1983 J u ly U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s 1984 Feb. M a r. A p r. 1983 M ay June J u ly Homeownership— Continued Maintenance and repair commodities.............................................. Paint and wallpaper, supplies, tools, and equipment (12/77 = 100).............................................. Lumber, awnings, glass, and masonry (12/77 = 100)........... Plumbing, electrical, heating, and cooling supplies (12/77 = 100) ................................................. Miscellaneous supplies and equipment (12/77 = 100) . . 1984 J u ly Feb. M a r. A p r. M ay 258.0 257.4 256.3 255.9 149.2 125.8 147.6 125.6 147.3 124.3 147.3 124.5 138 7 139 4 138.6 140.2 143 3 144 3 June J u ly 255 6 257.2 257.1 146 2 124.2 148.0 124.1 147.2 123.1 141.9 142.5 142.1 F u e l a n d o t h e r u t i l i t i e s ......................................................................................... 375.5 383.0 380.1 380.9 385.5 390 0 393.9 377.3 384.2 381.3 382.0 386.6 391.4 395 4 Fuels..................................................................... Fuel oil, coal, and bottled gas............................................ Fuel oil .................................................................... Other fuels (6/78 = 100) ......................................................... Gas (piped) and electricity............................................................ Electricity............................................................ Utility (piped) gas ......................................................... Other utilities and public services .............................................. Telephone services............................................................ Local charges (12/77 = 1 0 0 )................................................. Interstate toll calls (12/77 = 100) ...................................... Intrastate toll calls (12/77 = 100) ............................................ Water and sewerage maintenance...................................... 477.7 619.3 627.2 189.3 440.5 341.1 593.0 214.2 173.8 141.8 121.9 118.2 353.5 475.2 660.0 671.6 196.4 429.5 335.8 571.4 227.4 185.9 157.7 122.4 122.0 369.5 476.0 650.7 660.9 195.6 432.3 338.9 573.2 228.2 186.4 157.8 122.3 123.7 371.4 483.5 649.2 659.9 194.4 441.4 343.0 591.7 228.8 ■186.7 158.3 122.6 123.1 373.9 490.7 646.0 656.2 194.1 450.6 358.6 585.9 229.4 187.1 160.1 118.5 124 8 374.6 496.5 637.4 646.2 193.7 459 1 358.7 589.7 230.6 188.1 162.3 116.2 125.9 376.6 477.9 621.7 629.5 190.2 440.3 341.6 589.5 215.3 174.3 142.3 122.3 118.2 357.7 479.1 691.4 707.6 198.1 427 9 333.3 570.1 229.2 187.5 159.6 122.8 122.1 373.2 474.7 662 4 673.9 197.1 428.4 335.1 567.9 228.5 186.6 158.4 122.8 122.0 373.9 475.4 652.9 663.1 196.3 431.1 338.0 569.8 229.2 187.0 158.4 122.7 123.6 375.7 482.6 651.5 662.1 195.1 439.9 342.2 587.2 229.9 187.4 159.0 123.0 122.9 378.2 490.4 648.4 658.6 194.8 449.7 358.7 581.6 230.4 187.6 160.8 118.9 124.6 378.9 496.1 640.0 648.8 194.4 458.2 369.0 585.1 231.7 188.7 163.1 116.6 125.7 381.0 238.9 479.6 688.6 705.0 197.4 429.0 334.2 573.6 228.0 186.8 159.0 122.4 122.1 369.0 240.4 241.2 242.3 242.4 242.3 241.9 235.8 237.4 238.0 238.9 239 1 238.9 283.3 198.1 227.3 134.4 197.6 232.0 137.4 198.3 236.1 140.1 199.9 235.2 139.0 199.8 236 6 140 8 199.1 234.7 138.2 197.9 232.9 136.6 196.1 231.1 135.6 196.0 235.5 138.5 196.7 240.0 141.2 197.7 238.6 139.9 197.7 239.9 141.6 196.9 238.4 139.4 195.6 236.4 137.7 149.3 220.5 156.5 117.7 123.9 141.1 150 9 105.2 100.1 110.8 188.6 192.7 143.0 125.6 152.3 216 7 148.7 118.5 124.5 139.7 151.1 104.5 98 1 111.2 190.7 196.2 145.9 126.4 154.6 218.4 149.1 119.8 124.5 142.1 150.5 103.6 97 9 109.7 191.0 197.2 147.4 126.2 154.7 222.8 154.2 121.2 125.5 144.6 150.1 103.4 96.7 110.3 190.4 195 8 146.7 126.1 154.6 223.8 154.3 121.1 128.2 144.7 149.8 102.9 96.5 109.5 190.6 196.2 146.7 126.2 154.9 223.3 154.1 121.3 126.8 144.8 148.8 102 0 95.9 108.4 189.7 196.8 145.0 125.4 154.2 222.1 151.5 121.9 126.3 144.7 147.2 101.3 94.5 108.2 187.1 194.2 145.5 123.2 154.0 217.6 153.0 118.0 125.0 137.1 151.2 104.3 99.0 109.8 189.0 199.2 143.5 123.6 156.6 213.7 145.3 118.3 125.7 135.9 152.2 103.5 96.7 110.2 192.1 201.9 147.1 125.3 159.5 215.3 145.9 119.7 125.7 137.9 151.9 102.5 96.5 108.6 192.8 203.1 148.6 125.2 159.2 218.9 149.6 121.3 126 3 140.2 151.4 102.4 95.3 109.3 192.0 202 2 147.6 124.9 158 9 220.1 150.2 121.1 129.0 140.4 151.3 101.9 95.1 108.5 192.3 202.5 147.6 125.2 159.5 219.5 149.6 121.6 127.6 140.4 150.1 101.0 94.5 107.4 191.0 202.5 145.8 124.2 158 6 218.7 148.1 122.1 127.2 140.2 148.4 100.2 93.0 107.2 188 4 199.8 146,0 121.4 124.0 127.2 127.1 126.3 126.9 127.0 121.7 122.6 126.4 126.4 125.4 126.2 125.8 120.0 127.3 142.0 126.1 141.7 125.8 141.6 126.2 143.2 125.7 142.1 124.4 142.2 124 9 142.1 124.8 139.7 124.0 139.5 123.8 139.2 124.2 140.7 124.1 139.4 122.4 139.6 122 9 139.5 145.1 133.6 145.9 132.0 145.4 132.8 147.6 137.4 147.5 136.1 147.8 134.3 147.0 135.5 137.3 129.3 137.6 128.1 137.0 128.5 139.0 132.9 138.8 131.5 138.8 129.7 137.8 130.7 149.1 148.2 148.2 149.2 147.2 147.9 147.2 144.9 144.1 144.2 145.1 143.0 143.9 143.3 135.5 136.1 135.3 134.9 134.1 134.6 135.2 140.4 141.0 140.1 140.5 139.5 140.0 140.7 296 8 294.6 151.4 148.1 140.3 153.9 146.6 300.0 296.5 154.5 148.8 141.7 158.3 145.2 300.6 296.1 153.7 149.3 141.7 159.5 146.6 301.8 297.1 153.8 151.6 142.0 159.2 147.5 301.5 298.2 153.4 151.7 142.5 159.8 144.8 303.0 299.3 155.1 152.9 143.5 160.1 144.7 303.8 299.8 154.9 153.7 143.7 161.2 144.9 293.5 290.3 150 2 148.2 143.2 1486 139.7 296.9 292.3 153.2 149.0 145.0 152.8 138.3 297.1 291.7 152.4 149.4 144.7 154.0 138.9 298.5 292.8 152.5 151.6 145.1 153.7 140.5 298.5 293.7 152.0 151.7 145.7 154.4 138.7 300.1 294.8 153.8 152.9 146.7 154.7 138.7 301.0 295.3 153.6 153.7 147.1 155.9 138.7 318.7 337.5 324.8 337.5 326.1 337.5 325.7 337.5 326.5 337.5 327.0 337.5 327.6 337.5 318.3 337.5 325.3 337.5 326.0 337.5 326.0 337.5 326.9 337.5 327.5 337.5 328.2 337.5 162.2 144.0 171.7 148.3 171.7 148.8 171.8 149.4 172.9 150.1 173.7 150.2 174.5 150.9 162 3 142.2 171.9 146.5 172.0 146.9 172.1 147.5 173.2 148.1 174.1 148.2 174.9 148.9 H o u s e h o ld f u r n is h in g s a n d o p e r a t io n s ......................................................... Housefurnishings ....................................................................... Textile housefurnishings.............................................. Household linens (12/77 = 1 0 0 )...................................... Curtains, drapes, slipcovers, and sewing materials (12/77 = 100) ....................................................... Furniture and bedding..................................................................... Bedroom furniture (12/77 = 100) ...................................... Sofas (12/77 = 100) ............................................................... Living room chairs and tables (12/77 = 1 0 0 )........................... Other furniture (12/77 = 100) .............................................. Appliances including TV and sound equipment ................................. Television and sound equipment .............................................. Television ............................................................ Sound equipment (12/77 = 1 0 0 )...................................... Household appliances ............................................................... Refrigerators and home freezers......................................... Laundry equipment............................................................ Other household appliances (12/77 = 100) ...................... Stoves, dishwashers, vacuums, and sewing machines (12/77 = 1 0 0 )............................................ Office machines, small electric appliances, and air conditioners (12/77 = 100) ................................. Other household equipment (12/77 = 1 0 0 )...................................... Floor and window coverings, infants’, laundry, cleaning, and outdoor equipment (12/77 = 1 0 0 )................... Clocks, lamps, and decor items (12/77 = 1 0 0 )........................ Tableware, serving pieces, and nonelectric kitchenware (12/77 = 100).................................................... Lawn equipment, power tools, and other hardware (12/77 = 100) .................................................... Housekeeping supplies .................................................................. Soaps and detergents......................................................... Other laundry and cleaning products (12/77 = 100) ......................... Cleansing and toilet tissue, paper towels and napkins (12/77 = 100) Stationery, stationery supplies, and gift wrap (12/77 = 100) ........... Miscellaneous household products (12/77 = 100) ........................ Lawn and garden supplies (12/77 = 10 0)...................................... Housekeeping services ....................................................... Postage........................................................................................ Moving, storage, freight, household laundry, and drycleaning services (12/77 = 10 0)............................................ Appliance and furniture repair (12/77 = 1 0 0 )................................. APP AREL A N D UPKEEP 195.0 196.2 198 8 199.2 198.9 197.4 196.6 198 0 198.2 197.7 196.1 195.3 182.8 183.2 185.9 186.3 185.8 184 0 183.0 194.0 182.4 195.4 A p p a r e l c o m m o d i t i e s ..................................................................................................... 183.0 185.8 185.9 185.1 183.3 182.4 179.3 188.2 118.3 110.7 98.2 145.3 179.3 187.9 118.1 107.6 98.1 145.2 182.3 189.9 119.4 110.6 98.1 146.1 182.6 190.6 120.2 112.0 99.0 146.0 181.7 190.7 120.4 111.9 98.2 147.6 179.8 190.3 120.0 113.0 96 2 148.0 178 9 189.8 119.3 113.2 96.1 145.6 178.7 188.1 118.7 103.3 100 7 141.3 178.9 188.7 118.9 101.2 101.3 141.2 181.9 190.5 120.1 104.1 101.4 142.1 181.9 191.2 121.0 105.4 102.4 142.1 180.7 191.1 121.1 105.2 101.2 143.5 178.7 190.3 120.3 105.8 99.4 143.8 177.9 189.9 119.6 106.2 99.6 141.8 Apparel commodities less footwear.................................................... Men's and boys’ ............................................................................... Men’s (12/77 = 100) ......................................................... Suits, sport coats, and jackets (12/77 = 100)................... Coats and jackets............................................................... Furnishings and special clothing (12/77 = 1 0 0 )................ 72 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20. C o n tin u ed — C onsum er P rice In d ex— U.S. city average [1 9 6 7 = 1 0 0 unless otherw ise specified] A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s 1984 1983 1983 1984 J u ly Feb. M a r. A p r. M ay June J u ly J u ly Feb. M a r. A p r. May June J u ly 120.9 112.8 123.0 114.9 134.9 124.6 158.8 105.5 164.8 161.4 96.3 131.7 81.0 106.2 100.1 99.8 125.7 112.1 123.1 118.4 136.2 121.6 159.0 105.6 162.9 166.5 93.0 135 5 75.2 106.4 98.9 102.2 127.0 112.4 124.1 119.7 137.9 122.1 163.3 108.7 167.2 175.9 92.5 136.8 85.0 108.0 100.6 103.9 127.3 113.6 123.2 119.7 137.2 120.3 163.2 108 6 164.9 175.0 92.8 136.9 85.1 108.2 100 6 104.3 127.6 113.5 122.5 119.4 136.6 119.3 161.8 107.7 159.7 176.1 93.4 137.5 77.3 107.2 98.3 102.7 126.9 111.4 123.0 118.2 137.1 121.2 157.9 105.2 154.6 172.1 91.1 137.0 71.3 104.3 95.0 99.0 125.6 111.3 124.1 120.8 136.5 121.8 156.2 103.7 156.8 163.7 88.2 136.7 74.4 104.6 99.7 96.9 124.2 118.4 120.9 115.5 130.4 121.6 160.8 107.0 169.4 147.2 96.9 131.4 99.8 106.6 100.0 101.3 128.8 117.8 121.7 120.7 131.9 119.0 160.7 107.2 1669 153.7 93.3 135.2 95.0 105.6 96.6 102.7 130.0 118.3 122.8 122.0 133.4 119.6 165.3 110.5 172.8 162.9 93.0 136.5 106.4 107.4 98.3 104 6 130.1 119.9 121.8 122.0 132.7 117.6 164.5 109.9 170.1 160.6 93.5 136.6 104.2 107.6 98.1 105.2 130.1 119.9 121.1 121.8 132.2 116.6 162.7 108.6 164.7 162.9 93.9 137.1 92.7 106 4 96.0 103.7 129.2 117.5 121.6 120.4 132.7 118.4 159.2 106.2 159.1 160.5 91.4 136.6 85.8 104.3 93.7 100.7 127.7 117.2 122.7 123.1 132.2 119.0 157.4 104.8 162.4 153.1 88.6 136.2 97.1 104.0 98.4 96.7 127.7 282.4 215.9 123.0 146.7 126.3 286.2 216.1 122.4 147.0 128.0 288.0 217.2 120.8 148.8 128.1 289.2 217.6 122.6 148.3 129.7 28319 216.8 123.1 147.4 129.3 278 3 217.7 122.4 148.5 127.1 281.2 218.0 122.5 148.8 126.8 293.1 204.6 121.0 137.4 125.2 297.0 204.4 121.1 137.2 126.9 298.6 205.3 119.7 138.7 126.9 299.7 205.5 120.8 138.4 128.2 293.0 205.0 121.5 137.6 127.8 289.2 205.7 120.9 138.5 125.7 292.0 206.0 120.7 138.9 Footwear................................................................................................... Men's (12/77 - 1 0 0 )....................................................................... Boys' and girls’ (12/77 = 100)......................................................... Women's (12/77 = 1 0 0 ).................................................................. 203.8 132.8 128.9 122.9 206.4 135.0 131.4 123.5 207.7 135.2 131.2 125.5 208.9 135.8 131.4 126.7 210.2 137.1 132.4 127.1 209.6 136.7 132.1 126.7 208.0 137.5 131.0 124.2 203.7 134.7 131.0 118.9 207.0 136.9 133.9 120.3 208.3 137.1 133.8 122.3 209.4 137.9 133.9 123.4 210.7 139.2 134.7 123.7 210.0 138.7 134.5 123.2 208.7 139.6 133.7 120.8 A p p a r e l s e r v ic e s 291.8 299.7 300.8 301.5 303.7 304.4 305.1 290.0 297.6 298.8 299.4 301.6 302.4 303.0 Laundry and drycleaning other than coin operated (12/77 = 100) ........... Other apparel services (12/77 = 100)....................................................... 174.1 152.7 180.2 154.4 180.7 155.3 181.0 155.7 182.6 156.5 182.9 157.0 183.4 157.2 172.5 153.9 178.5 155.5 179.1 156.5 179.4 156.9 180.9 157.7 181.2 158.3 181.7 158.5 T R A N S P O R T A T IO N 300.4 305.8 306.9 309.6 312.2 313.1 312.9 301.9 307.7 308.9 311.9 314.6 315.5 315.2 P r iv a t e 296.0 300.8 301.9 304 8 307 4 308.1 307.5 298.6 303.9 305.2 308.3 311.0 311.7 311.2 207.6 378.0 376.7 340.2 172.3 207.7 382.0 374.9 340.7 172.6 208.1 383.2 369.8 341.6 172.6 201.0 329 6 390.6 330.4 165.6 206.7 357.2 370.7 338.1 169.0 206.7 362.2 370.5 339.0 169.3 206.9 370.0 375.7 339.6 170.1 207.1 378.0 378.2 340.8 170.9 207.1 382.0 376.4 341.5 171.3 207.6 383.2 376.4 342.3 171.6 Men's— Continued Shirts (12/77 = 100)......................................................... Dungarees, jeans, and trousers (12/77 = 100) ................ Boys’ (12/77 - 100) ............................................................... Coats, jackets, sweaters, and shirts (12/77 = 1 0 0 )........... Furnishings (12/77 = 100) .............................................. Suits, trousers, sport coats, and jackets (12/77 = 100) . . Women’s and girls' .......................................................................... Women’s (12/77 = 100) ......................................................... Coats and jackets............................................................... Dresses ............................................................................. Separates and sportswear (12/77 = 100) ........................ Underwear, nightwear, and hosiery (12/77 = 100) ........... Suits (12/77 = 1 0 0 )......................................................... Girls' (12/77 = 100).................................................................. Coats, jackets, dresses, and suits (12/77 = 1 0 0 )............. Separates and sportswear (12/77 = 100) ........................ Underwear, nightwear, hosiery, and accessories (12/77 = 1 0 0 )............................................ Infants' and toddlers' ....................................................................... Other apparel commodities ............................................................... Sewing materials and notions (12/77 = 100) ........................... Jewelry and luggage (12/77 = 100) ......................................... New ca rs................................................................................................... Used cars ................................................................................................ Gasoline ................................................................................................... Automobile maintenance and repair ......................................................... Body work (12/77 = 100) ............................................................... Automobile drive train, brake, and miscellaneous mechanical repair (12/77 = 100) ................................................. Maintenance and servicing (12/77 = 100)......................................... Power plant repair (12/77 = 100) .................................................... Other private transportation....................................................................... Other private transportation commodities ......................................... Motor oil, coolant, and other products (12/77 = 100) .............. Automobile parts and equipment (12/77 = 100) ...................... T ire s.................................................................................. Other parts and equipment (12/77 = 1 0 0 )........................ Other private transportation services................................................. Automobile insurance ............................................................... Automobile finance charges (12/77 = 100) .............................. Automobile rental, registration, and other fees (12/77 = 100) . . State registration ............................................................... Drivers' licenses (12/77 = 100)......................................... Vehicle Inspection (12/77 = 1 0 0 )...................................... Other vehicle-related fees (12/77 = 1 0 0 )........................... P u b lic .................................................................................................................................................................... Airline fa re ................................................................................................ Intercity bus fare ..................................................................................... Intracity mass transit ............................................................................... Taxi fare ................................................................................................... Intercity train fa r e ..................................................................................... M E D IC A L C A R E M e d ic a l c a r e c o m m o d it ie s Prescription drugs..................................................................................... Anti-infective drugs (12/77 = 100).................................................... Tranquilizers and sedatives (12/77 = 100) ...................................... Circulatories and diuretics (12/77 = 1 0 0 )......................................... Hormones, diabetic drugs, biologicals, and prescription medical supplies (12/77 = 10 0)................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 201.4 329.6 389 3 329.8 166.6 207.2 357.2 368.8 337.4 170.3 207.2 362.2 368.6 338.3 170.7 207.4 370.0 374.0 338.9 171.4 158.3 152.0 157.3 258.6 209 6 155.3 132.7 183.5 132.3 274.1 302.4 151.7 145.6 194.8 152.9 139.0 157.9 164.4 153.5 161.8 267.7 202.8 153.8 127.8 174.2 132.0 287 5 319 8 159.3 149.1 195.1 158.0 139.2 163.9 165.1 153.9 162.1 268.3 201.3 152.5 126.9 171.8 133.2 288.7 322.3 159.2 149.1 195.5 158.0 139.2 163.5 165.1 154.2 162.4 269.0 202.4 152.7 127.7 172.9 134.0 289.3 321.8 160.9 149.5 195.7 158.0 139.8 164.3 165.8 154.8 162.6 270.4 201.7 152.7 127.2 172.2 133.5 291.2 323.7 162.4 150.3 197.1 158.0 139.9 165.2 166 2 154.6 163.4 271.5 202.0 154.1 127.3 172.0 134.1 292.5 324.2 164.1 151.1 199.4 157.8 139.9 165.1 166.5 155.3 163.5 272.4 200.6 154 3 126.2 169.6 134.7 294.1 324 8 166.2 152.0 199.8 161.0 139.9 166.5 162.2 151.3 156.6 259.4 212.1 154.1 134.5 187.2 132.1 274.5 302.0 151.1 146.9 194.7 153.4 139.8 165.5 168.4 152.8 161.2 268.5 205.2 152.7 129.6 177.9 131.8 287.7 318.9 158.7 150.1 195.0 158.3 139.9 171.1 169.1 153.1 161.6 269.1 203.5 152.3 128.5 175.1 132.7 289.0 321.5 158.7 150.1 195.4 158.3 139.9 170.7 169.2 153.4 161.9 269 9 204.8 151.9 129.4 176.5 133.6 289.7 321.0 160.4 150.4 195.6 158.3 140.3 171.5 169.8 154.0 162 2 271.3 204.2 152.5 128.9 175.7 133.3 291.6 322.7 161.9 151.3 197.1 158 3 140.4 172.7 170.2 153.8 163.1 272.4 204.5 153.5 129.0 175.5 133.9 293.0 323.1 163.5 152.4 199.6 158.1 140.4 172.6 170.6 154.5 163.2 273.4 202.9 153.8 127.8 173.0 134.1 294.6 323.9 165.7 153.1 200 0 161.2 140.4 173.8 363.2 377.4 377.4 377.1 379.8 385.2 389 3 354.4 370.1 370.2 370.0 372.2 377.4 380.7 418.8 404.2 322.6 301.0 361.3 357.7 429.5 428.2 341.4 308.3 373.5 373.2 429.0 427.6 342.0 308.5 373.4 427.7 428.7 342.3 308.8 373.4 442.0 426.2 346.5 309.7 381.5 450.1 438.9 346.6 310.4 381.9 415.9 404.1 320 7 311.0 362.3 425.5 427.1 341.3 317.5 373.8 424.9 426.8 341.8 317.7 373.7 423.5 427.6 342.1 317.9 373.7 430.0 429.3 347.1 318.3 373.8 438.2 425.8 346.5 319.0 381.9 446.6 438.7 346.6 319.7 382.1 374.5 375.7 433.8 429.9 342.3 309.2 373.5 376.8 378.0 380.3 355.6 371.3 372.6 373.9 375.0 376.3 378.5 240.7 238.7 239.5 240.7 224.2 232.9 235.0 236.9 238.7 239.4 224.5 233.2 235.3 237.1 214.5 157.2 177.6 154.0 226.4 163.4 193.0 164.7 228.2 163.9 195 5 164.7 230.7 164.8 198.4 166.1 233.1 165.8 202.8 167.4 233.5 164.9 204.0 169 0 234.9 166.1 205.1 170.4 215.6 159 2 177.2 153.9 227.9 165.8 192.9 164.4 229.7 166.3 195.4 164.3 232.2 167.3 198.3 165.5 234.5 168.3 202.7 167.3 234.9 167.3 204.0 168.3 236.3 168.3 205.1 169.5 198.1 207.2 209.7 212.5 214.1 214.7 216.2 199 8 209.4 211.9 214.7 216.3 217.0 218.4 73 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Consumer Prices 20. [1967 C o n tin u ed — C onsum er P rice In dex— U.S. city average = 100 unless otherwise specified] A ll U r b a n C o n s u m e r s G e n e ra l s u m m a ry 1983 U r b a n W a g e E a r n e r s a n d C l e r ic a l W o r k e r s 1984 1983 1984 J u ly Feb. M a r. A p r. M ay June J u ly J u ly Feb. M a r. A p r. M ay June J u ly 191 0 190 3 191 7 173.9 175.3 176.1 176.5 162.1 137.3 264.4 157.5 163.0 137.8 266.1 158.0 163.7 138.2 267.7 158.0 164.4 138.8 269 3 157.9 165 1 139 5 270 6 158.4 Prescription drugs— Continued Pain and symptom control drugs (12/77 = 100) . . Supplements, cough and cold preparations, and respiratory agents (12/77 = 1 0 0 )................ 175.1 183.8 185.5 187.7 188.7 188.3 189.7 176.8 185.9 187.7 190.0 162.3 169.8 171.4 173.2 174.6 174.5 175.9 162.5 170.4 172.0 Nonprescription drugs and medical supplies (12/77 = 100) Eyeglasses (12/77 = 100) .............................................. Internal and respiratory over-the-counter drugs . . . . Nonprescription medical equipment and supplies (12/77 = 100) . . . 155.9 135.8 253.5 150.3 159.6 138.0 260.1 154.6 161.2 138.4 263 1 155.8 162.1 138.9 264.9 156.5 162.8 139.3 266.6 156.5 163.5 140.0 268.2 156.4 164 3 140.6 269.5 157.0 156.7 134.6 254.9 151.3 160.6 137.0 261.4 155.7 387.2 404.4 405.3 406.3 407.1 408.4 410.9 384.4 401.8 402.7 403.9 404.7 406.1 408.6 Professional services .................................... Physicians’ services................................................. Dental services....................................................... Other professional services (12/77 = 100) ........................ 324.2 353.9 303.8 153.0 339.8 370.4 319.8 158.7 341.1 372.2 321.1 158.8 342.5 373.5 322.5 159.5 343.8 375.2 323.6 159.7 345.8 377.1 326.2 159.9 347.0 378.1 327.9 160.1 324.6 357.6 301.6 149.6 340.3 374.4 317.8 155.0 341.6 376.1 319.0 155.0 343.0 377.5 320.5 155.8 344.2 379.0 321.6 156.0 346.2 381.1 324.0 156.1 347 4 382.1 325 7 156.4 Other medical care services................................................. Hospital and other medical services (12/77 = 100) . . Hospital ro o m ......................................................... Other hospital and medical care services (12/77 = 100) 463.3 193.8 619.1 189.9 482.5 206.4 657.9 202.7 482.8 207.0 659.4 203.3 483.4 207.5 660.3 204.2 483.6 207.9 660.7 204.8 484.1 208.4 662.0 205.2 488.3 210.9 672.9 207.0 459.4 191.9 611.2 188.4 479.0 204.4 650.4 201.0 479.3 204.9 651.7 201.5 480.0 205.6 652.9 202.4 480.3 205.9 653.3 203.0 480.9 206.3 654.4 203.4 485.2 208.9 664 6 205.4 E N T E R T A IN M E N T 246.0 251.5 251.7 253.8 253.5 254.5 255.3 242.5 247.7 248.0 249.8 249.6 250.7 251.4 246.7 250.7 250.6 253.4 252.2 252.4 253.3 241.4 245.3 245.3 247.7 246.8 246.9 247.8 Reading materials (12/77 = 100) ...................... Newspapers ................................... Magazines, periodicals, and books (12/77 = 100)........................... 158.5 302.7 163.6 164.1 310.2 171.2 162.4 311.8 166.6 164.5 312.6 170.7 163.1 313.0 167.5 163.7 313.3 168.7 164.5 315.0 169.4 158.0 302.7 163.6 163.4 310.4 171.3 161.9 312.0 166.5 164.0 312.9 170.8 162.6 313.1 167.3 163.3 313.4 168.7 164.0 315.1 169.3 Sporting goods and equipment (12/77 = 1 0 0 )................................. Sport vehicles (12/77 = 100) .............................. Indoor and warm weather sport equipment (12/77 = 100)................ B cycies ........................................................................................ Other sporting goods and equipment (12/77 = 1 0 0 )........................ 134.2 137.1 118.6 199.8 132.8 135.9 139.5 117.4 201.5 134.6 136.1 139.9 117.1 201.5 134.0 139.1 144.6 117.5 201.1 135.6 138.0 143.0 117.3 200.8 134.6 137.5 142.2 117.7 201.1 134 2 137.8 142.9 117.7 200.2 134.3 128.3 127.8 116.4 200.7 132.7 130.3 130.7 115.3 202.4 134.2 130.0 130.4 115.1 202.5 133.8 132.6 134.1 115.6 202.2 135.3 131.7 133.0 115.5 201.7 134.3 131.2 132.2 116.0 202.0 134.0 131 4 132.6 115.9 201.2 134.2 Toys, hobbies, and other entertainment (12/77 = 100) ...................... Toys, hobbies, and music equipment (12/77 = 100)........................ Photographic supplies and equipment (12/77 = 100) ...................... Pet supplies and expenses (12/77 = 100)......................................... 139.0 137.7 131.6 146.6 139.8 137.3 131.9 149.9 140.5 138 6 132.6 149.7 141.0 139.3 132.9 149.9 141.0 139.2 133.2 149.8 141.1 138.8 133.7 150.5 141.7 139.3 134.2 151.4 137.7 134.0 132.7 147.6 138.7 133.8 133.0 150.9 139.5 135.2 133.8 150.8 140.0 135.8 134.2 151.0 140.0 135.8 134.4 150.9 140.1 135.5 135.0 151.6 140.7 135.9 135.6 152.7 M e d ic a l c a r e s e r v ic e s ..................................................... E n t e r t a in m e n t c o m m o d it ie s ......................................................... E n t e r t a in m e n t s e r v ic e s 245.6 253.1 253.8 254.9 255.4 258.1 258.5 245.8 253.2 253.9 254.7 255.8 258.5 258.8 Fees for participant sports (12/77 = 100)......................................... Admissions (12/77 = 100)............................................................... Other entertainment services (12/77 = 100) .............................. 151.8 146.4 130.6 158.6 148.3 133.4 158.5 148.9 134.5 159.5 149.4 134.8 159.6 151.3 134.9 159.7 155.3 135.1 159.7 156.0 135.3 152.8 145.4 131.4 159.2 147.2 134.4 159.2 147.8 135.7 160.1 148.3 135.7 160.3 150.2 132.5 160.7 154.3 135.7 160.4 155 0 136.0 O T H E R G O O D S A N D S E R V IC E S 287.5 301.5 302.1 302.8 303.2 304.4 306.5 286.4 299.2 299.7 300.4 300.8 302.1 304.5 T o b a c c o p ro d u c ts 294.6 305 4 305.6 305.9 305.9 308.1 313.2 294.3 305.1 305.2 305.6 305.6 307.8 312.9 Cigarettes .................................................................... Other tobacco products and smoking accessories (12/77 = 100)........... 302.8 150.5 313.8 156.1 313.8 157.0 314.1 157.6 314.0 157.9 316.3 158.9 322.0 159.3 301.7 150.5 312.7 156.0 312.8 157.0 313.1 157.6 313.1 157.9 315.3 159.0 320.9 159.4 P ers o n a l c are 261.3 267.9 267.8 268 9 ................................................................................................. 269.5 270.6 271.8 259.4 266.1 265.7 266.9 267.5 268.5 269.7 Toilet goods and personal care appliances................................................. Products for the hair, hairpieces, and wigs (12/77 = 100) . . . Dental and shaving products (12/77 = 100) ........................... Cosmetics, bath and nail preparations, manicure and eye makeup implements (12/77 = 100)........................... Other toilet goods and small personal care appliances (12/77 = 100) . . . 262.3 152.5 162.6 267.9 154.7 168.1 265.9 154.1 164.6 267.3 154.9 165.1 267.4 154.1 166.8 268.5 154.8 166.5 270.2 156.1 167.2 263.0 151.7 160.8 268.7 153.8 166.3 266.6 153.3 162.9 268.1 154.1 163.3 268.3 153.4 164.9 269.3 154.1 164.7 270.9 155.1 165.2 148.8 147.9 150.6 152.4 150.0 151.8 151.8 151.6 151.5 151.7 153.0 151.7 154.0 152.7 149.5 151.6 151.7 156.2 150.8 155.4 152.7 155.2 152.7 155.3 154.0 155.5 155.1 156.4 Personal care services ................................................. Beauty parlor services for women ................................. Haircuts and other barber shop services for men (12/77 = 100) . . . 261.5 264.3 145.1 269.0 272.3 148.7 270.4 273.4 149.9 271.4 274.4 150.4 272.3 275.0 151.4 273.4 276.4 151.7 274.3 277.3 152.1 256.4 257.5 143.9 264.0 265.7 147.5 265.3 266.6 148.6 266.1 267.5 149.2 267.1 268.0 150.2 268.2 269.3 150.5 269.0 270.2 150.9 P e r s o n a l a n d e d u c a t io n a l e x p e n s e s 327.2 354.4 356.4 356.9 357.4 357.9 358 6 329 4 356.4 359 2 359.7 360.3 360.7 361.3 Schoolbooks and supplies .............................................. Personal and educational services................................. Tuition and other school fe e s .............................................. College tuition (12/77 = 100)........................ Elementary and high school tuition (12/77 = 100) ................... Personal expenses (12/77 = 1 0 0 )......................................... 294.2 335.1 168.0 167.8 168.9 187.9 317.2 363.3 183.2 183.0 183.9 199.6 317.1 365 7 184.3 184.5 183.9 201.2 317.6 366.1 184.4 184.7 183.9 202 0 317.8 366.7 184.4 184.7 183.9 188.0 318.5 367 1 184.5 184.8 183.9 204.2 318.8 367.9 184.8 185 2 183 9 205.0 298.3 337.3 168.5 167.9 169.9 188.3 321.7 365.2 183.5 182.9 184.9 200.2 321.6 368.6 185.2 185.4 184.9 202.1 322.2 369.0 185.3 185.5 184.9 202.8 322.4 369.7 185.3 185.5 185.6 204.3 323.1 370.1 185.4 185.7 185.0 204.8 323.4 370.8 185.6 186.0 185.0 205.6 384.3 365.1 364.7 369.8 372.4 370.7 365.9 343 6 358.9 346.6 366.9 346.5 368.7 348.0 368.6 352.8 369.5 358.0 370.0 362 9 370.9 385.4 411.4 343.1 361.7 366.0 415.7 345.5 373.8 366.5 412.6 345.5 376.1 371.4 410.3 347.0 376.6 373.8 416.9 351.6 377.8 372.2 417.7 357.1 378.4 367.3 422.0 362.0 379.9 .................................................................................... S p e c ia l in d e x e s : Gasoline, motor oil, coolant, and other products........................ Insurance and finance............................................................... Utilities and public transportation.............................................. Housekeeping and home maintenance services.............................. 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21. C o n su m er P rice Index fo r A ll Urban C onsum ers: C ross classification of region and popu lation size c lass by expenditure categ o ry and co m m o d ity and service group [December 1977 = 100] S iz e c la s s A S iz e c la s s B S iz e c la s s C S iz e c la s s D ( 1 . 2 5 m il li o n o r m o r e ) ( 3 8 5 , 0 0 0 - 1 , 2 5 0 m il li o n ) ( 7 5 ,0 0 0 - 3 8 5 ,0 0 0 ) ( 7 5 , 0 0 0 o r le s s ) C a te g o ry a n d g ro u p 1984 1984 Feb. A p r. | June Feb. | A p r. 1984 1984 | June Feb. | A p r. June Feb. A p r. June N o rth e a s t E X P E N D IT U R E C A T E G O R Y All Items ........................................................................................................................ Food and beverages ............................................................................................... Housing................................................................................................................... Apparel and upkeep ............................................................................................... Transportation ........................................................................................................ Medical care ........................................................................................................... Entertainment........................................................................................................... Other goods and services ....................................................................................... 159.5 152.4 164.3 121.1 168.4 171.8 146.6 169.1 160.7 152.7 165.3 123.8 170.1 173.2 148.1 170.6 161.2 153.0 165.9 122.2 171.4 174.0 146.6 171.1 165 9 151.8 176.9 124.0 172.6 175.1 140.3 168.7 166.3 151.5 175.7 128.5 174.1 177.6 143.8 169.1 167.2 151.0 177.3 125.5 176.2 179.2 143.8 170.0 170.5 155.0 183.7 128.7 173.2 176.5 1499 173.5 170.9 155.2 183.0 131.8 174.3 176.9 152.8 174.5 171.7 156.0 184.0 131.1 175.5 177.7 152.3 172.5 164.9 152.4 170.1 132.6 172.2 181.1 152.4 173.6 166.3 152.4 172.9 133.6 173.4 182.5 152.3 173.9 167.2 152.6 173.4 136.4 175.1 183.0 153.6 174.6 153.6 154.0 166.9 154.1 154.7 168.8 154.2 154.6 169.8 159.3 162.5 175.8 159.9 163.5 176.1 159.8 163.7 178.2 159.1 160.7 188.6 159.2 160.8 189.6 159.8 161.5 190.4 158.6 161.1 174.4 158.2 160.4 178.4 159.1 160.8 179.1 C O M M O D IT Y A N D S E R V IC E G R O U P Commodities................................................................................................................... Commodities less food and beverages .................................................................... Services........................................................................................................................... N o r t h C e n t r a l R e g io n E X P E N D IT U R E C A T E G O R Y All items ........................................................................................................................ Food and beverages ............................................................................................... Housing................................................................................................................... Apparel and upkeep ............................................................................................... Transportation ........................................................................................................ Medical care ........................................................................................................... Entertainment........................................................................................................... Other goods and services ....................................................................................... 168.7 149.4 186.2 116.7 168.6 176.2 144.6 165.9 169 9 149.4 187.7 118.2 170.5 177.4 145.1 165.9 171.3 149.0 190.7 117.8 172.3 178.5 145.7 166.8 165.2 148.0 173.4 126.6 170.9 176.9 135.7 177.4 166.8 148.6 175.2 132.8 172.9 177.2 140.6 178.6 167.7 148.5 176.7 130.8 174.1 179.4 140.7 180.5 162.5 148.6 169 9 129.0 171.1 170.2 148.3 163.0 163.4 148 8 169.1 132.6 173.8 172.7 151.0 163.6 164.7 149.1 171.6 128.3 176.2 172.7 152.9 164.3 163.7 155.9 167.0 123.0 170.0 183.2 144.2 175.0 164.5 156.9 167.3 126.1 172.2 182.9 141.3 176.1 164.8 156.9 166.4 124.6 174.7 184.0 140.5 177.4 156.8 160.0 186.3 158.1 162.1 187.2 158.0 162.2 190.7 155.7 158.6 180.4 157.3 160.9 182.1 157.5 161.1 184.1 153.6 155.7 176.8 155.1 157.9 176.8 155.4 .158.3 179.6 153.8 152.7 179.3 154.8 153.8 179.8 155.6 155.0 179.2 C O M M O D IT Y A N D S E R V IC E G R O U P Commodities................................................................................................ .............. Commodities less food and beverages .................................................................... Services........................................................................................................................... S o u th E X P E N D IT U R E C A T E G O R Y Food and beverages ............................................................................................... Housing................................................................................................................ Apparel and upkeep ............................................................................................... Transportation ........................................................................................................ Medical care .......................................................................................................... Entertainment.......................................................................................................... Other goods and services ....................................................................................... 165.7 156.3 172.4 129.9 171.0 176.2 142.9 169.6 166.3 156.3 172.3 131.3 172.6 177.1 145.2 170.0 167.6 152.6 174.5 132.2 173.9 179.1 144.7 170.8 166.9 154.8 172.0 129.6 174.1 177.0 157.7 171.5 168 2 155.6 173.7 128.1 176.2 178.5 159.6 172.4 169.1 155.3 174.7 128 3 178.0 180.4 160.0 173.0 165.3 153.2 170.7 124.8 171.8 186.7 151.4 169.5 166.9 153.0 173.2 127.5 174.0 187.5 153.2 170.2 167.1 152.5 172.6 126.4 176.0 188.0 152.8 172.1 166.6 157.5 174.2 110.9 170.2 193.3 148.5 167.9 168.1 156.6 176.4 114.7 172.3 193.7 150.5 169.2 168.4 156.1 176.4 113.6 174.3 193.4 150.7 169.9 157.9 158.1 176.5 158.6 159.4 176.8 159.1 160.2 179.1 159.2 160.7 178.4 160.2 161.8 180.1 160.6 162.7 181.6 156.5 157.7 178.4 157.7 159.7 181.2 158.0 160.5 181.2 159.9 156.1 181.2 152.9 158.1 183.4 158.2 159.0 183.5 C O M M O D IT Y A N D S E R V IC E G R O U P Commodities less food and beverages .................................................................... Services........................................................................................................................... W est E X P E N D IT U R E C A T E G O R Y Housing................................................................................................................... Medical care .......................................................................................................... Other goods and services ....................................................................................... 165.7 155.8 171.7 123 8 172.9 181.2 144.3 171.1 167.2 155 3 173.7 124.3 176.4 182.6 144.1 171.5 168.6 154.6 176.3 121.4 179.5 183.3 194.9 171.5 165.3 158.4 168.4 124.9 175.0 178.2 148.1 171.3 166.8 158.6 170.4 126.9 177.5 179.8 148.9 171.3 169.1 158.8 174.3 127.2 180.5 181.5 148.9 173.0 157.6 153.7 154.6 123.8 170.5 184.5 151.8 166.8 159.1 155.0 155.8 123.9 173.5 185.9 154.4 166.5 160.9 154.5 158.7 122.7 176.3 187.5 154.8 169 4 164.8 160.3 165.2 141.2 168.6 183.8 161.4 175.3 166.5 160.3 168.0 142,9 171.1 184.6 160.6 175.1 167.2 161.6 167.3 142.9 173.5 186.6 162.0 175.3 154.1 152.9 180.6 155.9 156.1 181.9 155.7 156.3 185.0 157.3 156.2 176.2 158.7 158.4 178.0 159.7 159.9 181.8 155.3 155.3 160.4 157.1 157.4 161.7 157.6 158.8 164.6 154.6 151.5 179.9 155.6 153.2 182.3 157.0 154.6 182.2 C O M M O D IT Y A N D S E R V IC E G R O U P Commodities less food and beverages .................................................................... Services........................................................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Consumer Prices 22. [1967 C o n su m er P rice Index— U.S. city average, and selected areas = 100 unless otherwise specified] A ll U r b a n C o n s u m e r s A re a 1 1983 U r b a n W a g e E a r n e r s a n d C le r ic a l W o r k e r s 1984 1983 1984 J u ly Feb. M a r. A p r. M ay June J u ly J u ly Feb. M a r. A p r. M ay June J u ly U.S. city average2 ......................................... 299.3 306.6 307.3 308.8 309.7 310.7 311.7 298.2 303.3 303.3 304.1 305.4 306.2 307.5 Anchorage, Alaska (10/67 = 100) .............................. Atlanta, Ga..................................................... Baltimore, Md.................................. Boston, Mass................................................... Buffalo, N Y................................................................. 265.8 307.2 298.2 286.6 309.4 300.6 296.3 296.3 312.3 274.4 309.3 300.4 289.8 307.6 296.6 290.5 299.6 312.4 305.0 Chicago, III.-Northwestern Ind......................................... Cincinnati, Ohio-Ky —Ind............................................ Cleveland, Ohio.......................................................... Dallas-Ft. Worth, Tex................................................... Denver-Boulder, Colo................................................... 335.8 Detroit, Mich................................................. 298.4 303.1 294.5 280.7 323.6 306.4 300.2 Honolulu, Hawaii............................................ Houston, Tex................................................. Kansas City, Mo.-Kansas ....................................................... Los Angeles-Long Beach, Anaheim, Calif................................ 305.4 320.0 331.1 322.7 Miami, Fla. (11/77 = 100) ...................................... Milwaukee, Wis........................................................... Minneapolis-St. Paul, Minn.-Wis......................................... New York, N.Y.-Northeastern N.J.......................................... Northeast, Pa. (Scranton).................................................... 160.8 309.8 Philadelphia, Pa.-N.J..................................................... Pittsburgh, Pa.......................................... Portland, Oreg.-Wash.............................................. St. Louis, Mo.-Ill................................................................ San Diego, Calif............................................. 286.1 291.5 299.3 335.2 San Francisco-Oakland, Calif..................................................... Seattle-Everett, Wash.................................................. Washington, D C.-Md -Va.................................................. 304.0 297.1 289.1 283.4 275.3 311.3 303.1 306.7 306.9 321.9 305.6 300.7 283.2 325.7 309.1 302.8 165.6 316.8 296.4 315.5 296.7 322.0 300.9 298.2 318.6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 305.7 306.3 305.4 284.7 330.5 310.8 305.6 300.8 294.7 298.7 324.1 301.6 300.0 319 7 301.9 305.4 353.5 315.9 310.2 305.1 1The areas listed include not only the central city but the entire portion of the Standard Metropolitan Statistical Area, as defined for the 1970 Census of Population, except that the Standard Consolidated Area is 76 279 4 288.7 303.8 294 4 285.9 310.8 323.3 296.4 308.0 296.9 336.7 325.7 166.4 320.5 298.0 302.7 349.8 311.7 310.0 346.1 304.1 299.9 293.0 257.5 292 5 332.8 323.9 344.7 319.6 299.0 275.5 313.0 304.9 265.9 309.6 314.0 310.4 302.0 293.0 318.2 317.7 349.9 331.7 307.7 303.8 304.7 305.9 293.2 284.3 323.5 296.6 299.0 167.0 321.3 162.8 324.8 302.9 297.3 286.1 286.5 301.4 291.1 300.9 308.7 351.3 286.4 296.7 320.0 314.3 308.3 292.2 300.3 318.7 313.0 305.7 296.0 313.8 341.7 302.9 298.6 297.9 289.0 324.9 299.7 298.9 298 5 299.6 289.9 294.0 298.8 287.3 298.3 321.1 291.2 299.0 301.5 299 0 314.4 321.9 318.7 347.1 298.3 297.0 298.3 303.1 290.9 329.5 299.9 303.4 300.3 167.2 338.2 292.2 297.3 326.6 291.6 295.5 300.5 168.0 341.6 328.9 293.0 302.7 301.4 297.5 297.3 328.2 310.8 299.9 308.2 311.6 300.8 340.8 166.3 335.3 318.6 290.5 266.8 310.9 320.7 316.5 308.7 used for New York and Chicago. 2Average of 85 cities. 265.7 294.7 295.9 304.3 294.6 301.4 324.6 315.1 302.7 308.9 303.2 310.8 23. P roducer Price Indexes, by stage of processing [1967 = 100) 1984 1983 Annual C o m m o d it y g r o u p in g av e ra g e 1983 A ug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r .1 M ay June J u ly Aug. F IN IS H E D G O O D S Finished g o o d s....................................................................... Finished consumer goods .............................................. Finished consumer foods ............................................ Crude ....................................................................... Processed ............................................................... Nondurable goods less fo o d s ...................................... Durable goods ............................................................ Consumer nondurable goods less food and energy . . . Capital equipment............................................................ 285.2 286.1 285 1 287.6 286.8 287.2 289.5 290.6 291.4 r291 2 291.5 291.2 292.6 291.8 284.6 261.8 258.7 260.0 335.3 233.1 231.5 287.2 285 7 260.7 259.9 2.58.7 338.6 233.8 232.7 287.7 285.1 263.0 267.4 260.5 338.6 229.2 233.0 285.1 287.0 263.7 287.3 259.5 338.1 235.3 233.6 289 9 285.9 261.9 270.4 259.0 336.8 235.4 234.1 '290.0 286.3 264.3 266.0 262.0 335.2 235.9 234.0 290.4 288.9 272.2 306.9 266.9 335.0 235.9 236.0 291.6 290.1 274.7 313.6 269.0 336.1 236.1 236.5 292.3 291.1 276.6 323.7 270.2 336.7 236.6 237.1 292.3 '290.3 '274.3 '299.0 269.9 '336 4 236.7 '237.9 '294.5 290.7 272.3 279.7 269.4 339.3 236.6 238.6 294.3 290.3 270.8 282.6 269.3 339.6 236.5 238.5 294.2 292.0 275.6 275.1 273.4 339.8 236.6 240.2 294.8 290.8 274.2 278.9 271.6 337.6 237.1 240.2 295.1 312.3 314.0 315.5 315.6 315.5 315.7 316.3 317.6 319.7 '320.3 320.8 321.6 321.7 321.1 299.8 301.8 '302.9 303.0 303.1 303.0 302.3 274.7 292.6 327.1 286.9 276.6 293.0 325.3 287.2 272.7 291.7 324.7 287.8 IN T E R M E D IA T E M A T E R IA L S Intermediate materials, supplies, and components................... Materials and components for manufacturing................... 293.4 294.7 296.7 296.4 296.5 297.6 298.9 Materials for food manufacturing................................. Materials for nondurable manufacturing ...................... Materials for durable manufacturing ........................... Components for manufacturing.................................... 258.4 280.0 319.4 280.4 260.5 281.1 320.9 281.5 269.4 282.7 323.1 281.8 263.5 283.3 322.3 282.6 260.0 284.6 321.6 283.0 262.9. 285.7 322.8 283.5 268.6 286.6 323.4 284.5 268.3 287.0 325 6 285.2 269.6 290.3 328.2 285.6 '271.4 '291.8 '329.1 '286.2 275.6 292.5 326.8 286.6 Materials and components for construction...................... 301.8 303.7 303.1 303.6 303.9 304.9 305.5 307.8 309.6 '310.5 309.6 310.2 310.7 311.8 Processed fuels and lubricants......................................... Manufacturing industries.............................................. Nonmanufacturing industries ...................................... 564.8 479.0 640.0 572.0 485.1 648.0 573.4 487.2 648.8 574.2 490.5 647.2 568.1 484.9 640.6 561.7 478.8 634.0 556.4 474.2 628.0 561.3 477.9 634.1 567.8 483.4 641.4 '562.9 '480.6 '634.5 569.2 488.1 639.5 577.2 493.5 650.1 578.9 494.5 652.3 572.5 489.3 645.0 Containers....................................................................... 286.6 286.3 287.1 288.1 289.3 289.9 292.3 294.8 297.3 '299.4 301.3 302.2 303.0 304.1 Supplies.......................................................................... Manufacturing industries.............................................. Nonmanufacturing industries ...................................... 277.1 269.9 281.1 225.9 292.8 277.9 270.5 282.0 230.7 293.0 280.2 270.8 285.3 249.6 293.4 280.6 271.8 285.3 246.7 294.0 281.6 272.2 286.7 251.0 294.8 281.6 273.3 286.1 243 9 295.5 282.6 274.5 287.0 243.7 296.6 282.2 276.0 285.7 227.7 298.0 283.0 276.4 286.7 232.2 298.4 '284.2 '277.8 '287.8 233.5 '299.5 284.2 278.3 287.6 229.5 300.0 283.8 278.9 286.7 221.5 300.4 283.0 279.1 285.4 211.3 300.8 283.3 279.7 285.4 208.3 301.4 323.6 327.1 328.5 324.8 324.0 327.5 333.5 332.6 338.8 '339.4 338.5 333.2 334.5 329.3 251.8 256.0 264.0 260.5 269.9 '269.7 267.2 260.7 264.0 256.9 479.4 481.6 483.4 488.1 487 5 '490.1 492.2 489.5 486.6 485.5 380 1 385.5 387.8 '388.8 389.7 385.9 381.1 377.2 386.6 Other supplies......................................................... C R U D E M A T E R IA L S Crude materials for further processing ................................... Foodstuffs and feedstuffs................................................. 252.2 256.4 257.2 253.7 Nonfood materials............................................................ 477.4 479.6 482.5 478.2 Nonfood materials except fu e l...................................... Manufacturing industries ......................................... Construction............................................................ 372.2 375.6 378.1 377.1 377.7 379.1 381.9 385.7 388.3 387.4 387.9 389 4 390.4 395.5 398.8 ' 399.5 400.2 395.7 390.3 270.6 271.0 272.5 270.5 272.1 272.7 273.7 280.3 276.5 '279.2 281.1 281.7 281.9 277.5 Crude fu e l..................................................................... Manufacturing industries ......................................... Nonmanufacturing industries................................... 931.5 1,094.5 816.3 926 9 1,088.9 812.5 931.0 1,093.9 816.1 910.9 1,067.1 801.1 915.3 921.1 1,071.8 1,079.0 810.1 805 3 926.1 1,086.5 813.2 926.6 910.6 '920.8 1,086.3 1,064.8 '1,079.6 814 2 802.6 '809.1 929.2 1,089.3 816.6 933.2 1,095.5 818.6 940.6 1,104.4 825.0 954.4 1,121.7 836.3 Finished goods excluding fo o d s.............................................. Finished consumer goods excluding foods ...................... Finished consumer goods less energy.............................. 290.8 291.4 249.9 292.5 293.5 250.2 290.3 291.4 249.7 293.4 293 9 252.1 293.0 293.2 251.7 292.6 292.5 252.6 292.9 292.5 256.1 293.6 293.1 257.2 294.0 293.6 258.2 294.6 '293.5 '257.8 295.7 295.1 257.3 295.7 295.3 256.7 296.0 295.4 259.0 295.3 294.4 258.7 Intermediate materials less foods and feeds ........................... Intermediate materials less energy................................... 317.1 295 2 318.7 296.5 319.5 298.1 320.0 298.2 319.9 298.5 320.2 299.4 320 6 300.5 322.3 301.5 324.4 303.3 '325.0 '304.4 325.4 304 4 326.5 304.6 326.7 304.5 326.3 304.3 Intermediate foods and feeds ................................................. 247.9 250.9 263.2 258.2 257.4 256.9 260.7 255.1 257.5 259.1 260.6 257 4 255.3 251.7 Crude materials less agricultural products .............................. Crude materials less energy ............................................ 538 6 246.5 540.0 251.2 542.9 252 5 538.8 249.6 540.3 248.3 543.2 252 0 546.3 258.3 552.0 257.3 550.0 265.1 '553.0 '265.4 554.0 263.8 552.3 257.7 550.0 258.7 549.4 252.2 S P E C IA L G R O U P IN G S 'Data for April 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = revised. 77 MONTHLY LABOR REVIEW October 1984 • Current Labor Statistics: Producer Prices 24. P roducer P rice Indexes, by com m o dity groupings [1 9 6 7 = 1 0 0 unless otherw ise specified] Annual Code C o m m o d it y g ro u p a n d s u b g r o u p A ll c o m m o d it ie s A ll c o m m o d it ie s ( 1 9 5 7 - 5 9 = 100) . F a r m p r o d u c t s a n d p r o c e s s e d f o o d s a n d te e d s In d u s t r ia l c o m m o d it ie s 1983 1984 ave ra g e 1983 A ug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r .1 M ay June J u ly A ug. 303.1 321.5 304.7 323.3 305.3 323.9 306.0 324.7 305.5 324.1 306.1 324.8 308.0 326.8 308.9 327.7 311.0 330.0 r311.3 r330.3 311.7 330.7 311 4 330.4 312 0 331.0 310 9 329.9 253.9 315.7 255.5 317.3 259.1 317.1 257.5 318 5 256.0 318.3 257.9 318.4 264.4 319.1 263.4 320.6 267.9 321.9 r267.3 r322 6 266 3 323.3 262 7 323.9 265 2 324.0 ?R1 fi 323.5 FA R M PR O D U C TS A N D PR O CESSED FO ODS A N D FEEDS 01 01-1 01-2 01-3 01-4 01-5 01-6 01-7 01-8 01-9 Farm products................................. Fresh and dried fruits and vegetables . . . . Grams............................................ Livestock................................. Live poultry................................. Plant and animal fibers ................ Fluid m ilk .............................. Eggs........................................................................................ Hay, hayseeds, and oilseeds ........... Other farm products................ 248.2 262.1 240.4 243.1 206.5 227 0 282.0 (2) 246.8 282.1 253.5 270.4 251.8 242.2 221.4 240.7 281.7 189.5 262.8 285.7 256.4 276.0 258.0 231 5 242.2 238.7 284.4 200.1 297.8 287.3 255.2 308.1 253.7 229.4 208.5 234.5 284.1 (2) 288.8 283.7 251 0 275.2 257.5 220.5 238.5 243.6 283.2 <2) 287.6 283.5 254.0 276.1 243.6 238 2 241.2 244.1 281.4 (2) 282.2 276.9 263.4 291.2 245.5 250.7 252.6 229.3 279.1 282.4 287.3 280.2 261.6 312.2 235.3 251.9 251.3 232.7 275.7 280.7 265.4 278.9 267.4 308.0 250.9 260.8 258.4 250.3 274.2 (2) 281.4 277.7 265.4 r263.8 262.1 260.8 240.8 252.3 272.7 264.4 282.1 r279 7 260.8 251.1 256.2 254.8 240.6 259.1 271.7 201.0 297.0 288.0 257 1 272.9 257.8 250.0 227.7 252.7 271.8 177.9 272.4 279.0 258 6 281.2 248 9 260.1 259 2 235.8 273.9 184 9 245 8 277.4 ?53 ? 293 3 236 9 253 7 218 6 211 3 276 8 181 2 242 6 284.1 02 02-1 02-2 02-3 02-4 02-5 02-6 02-7 02-8 02-9 Processed foods and feeds........................ Cereal and bakery products................... Meats, poultry, and f is h .............................. Dairy products .................................... Processed fruits and vegetables.............. Sugar and confectionery................... Beverages and beverage materials ................... Fats and oils ........................ Miscellaneous processed fo o d s ................ Prepared animal feeds......................... 255.9 261.0 249.0 250.6 277.4 292.8 263.6 238.8 254.8 228 8 255.5 262.8 243.2 250.4 278.3 298.9 263.9 245 6 252.7 233.0 259.6 263.6 242.9 250.6 278.6 300.2 264 3 303 5 258.4 249.3 257.8 264.6 237.0 251.3 281.1 298.0 265.2 281.7 262.1 248.6 257.6 265.2 234.7 251.4 280.9 297.7 266.3 274.5 264.8 252 1 259.0 265.1 242.3 248.9 282.9 297.5 266.5 271.7 266.2 245.6 263.8 266.6 255.8 248.4 287.7 299.9 268.7 278.3 266.8 245.2 263.4 267.1 254 6 248.4 292.8 300.5 270 2 273.3 275.4 231.1 267.1 267.4 264.4 248.8 295.4 301.1 269 9 286.2 275.2 235.3 r267.2 r268.3 r261.7 r248.9 r295.1 r301.9 r271.4 r293.4 r276.3 236.3 268.3 268.6 260.6 248.9 297.4 303.6 273.6 325.8 275.5 232.6 264.8 271 5 248.5 249 4 298 2 304 0 271.7 326 5 278.4 225.5 267 7 272 2 260 6 251 4 296 5 305 3 273 8 312 7 280 4 216.3 265 2 271 8 253 8 251 0 296 4 304 1 274 2 306 8 279 6 214.0 03 03-1 03-2 03-3 03-4 03-81 03-82 Textile products and apparel................... Synthetic fibers (12/75 = 1 0 0 )............. Processed yarns and threads (12/75 = 100) . Gray fabrics (12/75 = 10 0)................ Finished fabrics (12/75 = 1 0 0 )................... Apparel ...................................... Textile housefurnishings........................ 205.1 156.7 138.5 147.0 123.1 197.4 235.1 206.0 157.5 140.2 146.7 123.6 198.7 234.5 206.2 158.0 140.3 147.3 123.4 198.7 235.3 207.0 160.5 141.3 149.4 123.8 198.8 234.5 207.7 159.3 141.7 151.4 124.4 199.4 234.4 207.8 158.1 142.9 152.0 124.8 199.0 235.3 208.2 159.2 142.3 151.1 124.8 200.1 236.0 209.6 161.4 144.0 152.8 126.3 200.5 236.6 209 9 160.7 144.0 153.2 127.0 200.7 237.6 r209 9 r160.7 r143.6 153 0 M26.9 r200.7 r238.1 210.5 160.8 144.3 153.6 127.4 201.2 239.4 210.3 160 5 143 8 154.3 127.2 200 7 239.3 210 8 160 1 143 7 154 1 127.7 201 9 239.2 210 5 159 9 142 1 154 4 127.3 201 8 239.7 04 04-2 04-3 04-4 Hides, skins, leather, and related products Leather .............................. Footwear ................................. Other leather and related products . . . 271.1 330.7 250.1 252.7 274.7 343.4 250.9 253.7 274.4 339.4 251.6 253.5 273.7 336.6 251.3 253.5 277.0 340.5 257.3 255.8 277.3 344.1 250.3 255.6 279.1 346.2 250.9 257.2 283.3 362 0 252.5 257.3 286 7 378.0 253.5 257.3 r286.8 r386.7 r251.6 r258.1 289.2 387.2 251,8 263.1 290.3 383.5 250 3 271.2 290.2 384.7 250 1 271.2 290.2 379.7 250 9 271.5 05 05-1 05-2 05-3 05-4 05-61 05—7 Fuels and related products and power................... C oal...................................... Coke............................................ Gas fuels3 .................................... Electric power ................................. Crude petroleum4 ...................... Petroleum products, refined5 ........................... 06 06-1 06-21 06-22 06-3 06-4 06-5 06-6 06-7 Chemicals and allied products........... Industrial chemicals6 ........................... Prepared paint Paint materials.............. Drugs and pharmaceuticals ................... Fats and oils, Inetjible . . . . Agricultural chemicals and chemical products . . Plastic resins and materials................ Other chemicals and allied products ........... 293.0 342.9 264.7 305.8 226.1 285.6 280.5 291.5 273.6 294.4 347.6 265.4 305.7 227.3 278.1 277.1 293.7 274,2 295.9 345.6 264.5 316.2 227.4 329.0 276.0 302.6 274.3 295.5 344.9 264.2 316.9 229.3 318.6 276.4 299.1 274.4 296.4 346.2 264.5 316.5 231.0 321.6 280.4 297.9 273.8 297.7 349.2 264 9 315.5 230.9 318.8 281.9 301.5 273.6 298.1 347.4 265.6 316.6 232.9 334.2 278.5 305.2 274.9 296.5 337.6 267.3 314.2 234.4 349.0 285.9 305.0 273.3 300 1 344.7 267.3 317.9 237.6 366.7 288.1 306.2 275.2 r302.0 r345.4 r268.7 r328.7 r239.8 r383.2 r288 4 r307.8 r277.0 302.5 344.8 268.0 337.2 240.2 398.8 286.6 311.1 277.2 302.5 345.5 270.8 337.1 238.7 414.2 286.4 310.8 276.3 302 6 345.7 274.1 335 4 240.0 378 4 285 5 309 9 277.5 301 4 341 7 276 4 335 1 241 7 350 5 282 9 309 4 278.4 07 07-1 07-11 07-12 07-13 07-2 Rubber plastic products ................ Rubber and rubber products........................ Crude rubber.............................. Tires and tubes................... Miscellaneous rubber products . . Plastic products (6/78 = 100) .............. 243.2 266.0 280.8 245.3 284.8 135.3 243.7 265.1 284.6 242.8 284.5 136.4 243.2 263.9 284.4 242.5 281.6 136.6 244.4 264.8 284.3 242.6 283.8 137.4 243.6 264.3 282 7 242.4 283.5 136.7 243.8 264.6 282.2 242.3 284.6 136.8 244.8 266.6 282.9 244.1 287.1 136.9 246.2 266.8 282.8 243.7 288.4 138.4 246.4 265.5 283.0 241.7 287.4 139 4 r247.3 r267.2 r282.3 r243.5 r289 8 r139.4 247.4 267.2 277.5 244.5 290.0 139.6 247.3 266.3 277.1 243.5 289.1 140.1 247 5 266.9 275.9 244 1 290.3 139.9 247 6 267 7 273 2 244 1 293 4 139.5 08 08-1 08-2 08-3 08-4 Lumber and wood products . . . Lum ber................................. Millwork...................... Plywood........................... Other wood products................................. 307.1 352.6 302.3 244.1 230.6 313.9 366 6 306.6 246.2 229.3 305.6 346.6 305.9 242.2 229.4 305.6 344.7 307.4 246 6 229.6 304 9 342.8 307.9 244.6 229.8 308.7 351.3 308.5 247.2 230.6 309.1 352.6 308.6 248.2 230.0 315.7 364.9 308.8 249.5 230.8 316.8 370.5 309.9 248 6 231.8 r315.1 r369.4 r307.2 r243.6 233.3 308.8 355.8 305.4 235.4 234.3 307.1 351.5 305.2 236.3 234.9 304.3 343.3 305.7 237.1 235.2 304.5 342.3 306.1 246.9 236.5 I N D U S T R IA L C O M M O D IT IE S See footnotes at end of table. 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 664.7 671.7 672.3 669 5 663.7 658.0 652.1 656.0 658.7 r654.7 662.7 667.9 667.2 660.7 537.4 536.6 537.9 538.2 542.3 543.9 541.4 544.7 546.2 r542.0 546 9 543.3 546.8 550.7 444.6 453.9 453.9 453.1 453.8 415.4 418.3 437.9 438.9 r442 8 428.7 441.9 441 9 437 3 1,146.9 1,145.9 1,147.0 1,128.4 1,122.0 1,120.4 1,123.0 1,107.8 1,091.0 r1,102.1 1,116.8 1,122.1 1,123.5 1,128 9 417.9 427.2 427.9 423 6 418.7 417.3 420.5 424.4 426.7 r431.5 433.5 446.5 453 9 457 1 681.4 675.1 675.7 675.7 675.8 674.4 675.6 675.6 675.6 r673.9 674.3 673 7 673 1 672 3 684.3 694.9 695.3 695.3 688.2 678.3 663.2 669.8 680.2 r667.0 678.9 681.1 674.6 657.3 24. C o n tin u ed — P roducer P rice Indexes, by com m o dity group ings [1967 = 100 unless otherwise specified] 1984 1983 Annual C o m m o d it y g r o u p a n d s u b g r o u p Cod« a verag e 1983 A ug. S e p t. O c t. Nov Dec. Jan. Feb. M a r. A p r .1 M ay June J u ly A ug. IN D U S T R IA L C O M M O D IT IE S — C o n t in u e d 09 09-1 09-11 09-12 09-13 09-14 09-15 09-2 Pulp, paper, and allied products................................................. Pulp, paper.and products,excluding building paper and board Woodpuip............................................................................... Wastepaper............................................................................. Paper ..................................................................................... Paperboard ............................................................................. Converted paper and paperboard products.............................. Building paper and board ...................................................... 298 1 271.4 346.9 (2) 282.0 250.9 265.3 250.0 298.8 271.1 346.4 (2) 280.9 250.1 264.7 252.1 299.9 273.1 34.4 194.4 286.0 254.0 265.0 252.8 302.2 275.2 347.4 216.2 287.2 257.3 266.5 254.7 303.6 277.4 356.7 215.0 288.5 259 4 267 9 254 7 304.0 277.4 355.5 211.5 289.3 260.9 268.0 250.4 309.1 280.8 366.2 211.5 294.2 262.2 270.6 251.9 312.0 285.0 374.2 229.3 296.6 271.8 273.7 255.1 314.0 288.3 378.6 242.9 299.8 275.6 276.5 258.6 r316.3 r291.5 r401.1 258.8 r300.4 r277.1 r279.1 r263.8 317.0 292.7 405.1 259.3 301.3 276.9 280.6 265.2 317.6 293.3 407.6 257.3 301.4 279.1 280.8 265.1 319.2 295.6 410.6 254.7 307.9 279.1 281.9 262.9 320.0 296.3 10 10-1 10-17 10-2 10-3 10-4 10-5 10-6 10-7 10-8 Metals and metal products......................................................... Iron and steel.......................................................................... Steel mill products.................................................................. Nonferrous m etals.................................................................. Metal containers .................................................................... Hardware............................................................................... Plumbing fixtures and brass fittings ...................................... Heating equipment.................................................................. Fabricated structural metal products ...................................... Miscellaneous metal products................................................. 307.2 343.4 352.8 276.1 335.4 290.7 289.3 243.6 303.5 283.6 308.2 343.2 351.7 279.8 336.6 292.2 290.2 245.1 303.0 284.0 310.7 348.1 358.1 282.0 ■338.5 292.5 292.4 246.6 304.3 284.3 310.9 348.5 358.7 279.3 338.3 292.7 292.7 245.3 304.2 289.0 310 9 349 5 359 5 276.6 338 2 293 1 294.1 245.5 305.3 289.5 311.9 350.9 360.0 278.2 340.3 293.5 294.0 245.7 306.0 289 6 312.9 353.8 362.5 276.8 344.1 293.3 293.9 247.3 306.5 290.3 314.8 356.2 363.6 280.2 344.8 294.0 296.4 248.1 307.0 291.1 316.8 356.5 363.6 286.1 345.4 294.4 299 9 248.5 308.3 292.1 r317.9 356.5 r364.2 r289.1 r345.3 r294.6 r301.5 250.3 309.3 r293.1 317.1 357.1 364.9 283.6 348.1 294.1 301.8 252.5 310.6 293.1 317.2 356.8 365.4 282.9 348.2 295.0 302.0 251.3 311.1 294.5 315.9 357.2 367.8 276.8 348.4 295.8 302.5 254.7 311.6 294.1 315.8 357.1 368.0 274.6 352.4 296.7 303.3 255.5 312.3 295.0 11 11-1 11-2 11-3 11 4 11-6 11-7 11-9 Machinery and equipment ......................................................... Agricultural machinery and equipment ................................... Construction machinery and equipment................................... Metalworking machinery and equipment................................. General purpose machinery and equipment ........................... Special industry machinery and equipment.............................. Electrical machinery and equipment......................................... Miscellaneous machinery ....................................................... 286.4 326.3 351.9 326.5 308.2 337.1 240.1 274.1 287.4 327.3 352.9 326.5 307.9 339.0 241.7 275.3 287.9 328.5 353.5 326.6 308.1 339 8 242 9 274.5 287.6 328.0 353.6 327.0 307.8 340.6 242.6 273.3 288.0 328.6 353.9 327.3 308.6 341.0 242.8 273.7 288.8 330.1 353.6 328.7 309.8 342.0 243.8 273.9 289.7 331.0 354.2 329.2 310.7 342.0 244.7 275.5 290.2 331.4 355.9 330.2 310.9 343.2 245.7 274.3 291.0 332.9 355.3 330.6 311.7 344.6 246.7 274.5 r292.2 335.5 r357.5 r332.6 r313.1 r346.8 r247.7 r274.6 292.8 337.1 357.8 332.9 313.3 348.2 247.5 277.2 293.1 336.8 358.1 333.3 313.6 348.8 248.4 275.7 293.7 337.2 358.2 334.1 314.9 351.0 248.5 275.6 294.2 337.6 358.6 334.6 315.4 352.3 248.7 276.1 12 12-1 12-2 12-3 12-4 12-5 12-6 Furniture and household durables.............................................. Household furniture ............................................................... Commercial furniture............................................................... Floor coverings....................................................................... Household appliances ............................................................ Home electronic equipment.................................................... Other household durable goods.............................................. 214.0 234.7 286.3 185.4 206.9 86.1 313.1 214.9 236.3 286.5 188.9 207.7 85.5 313.9 215.4 236.6 287.3 189.5 208.0 85.8 314.5 215.3 236.9 287.4 189.5 207.6 85.8 314.0 215.7 237.4 289 9 189.3 208.0 85.1 315.1 215.7 237.2 289.5 189.4 208.5 84.5 315.2 216.8 237.9 293.4 188.2 209.8 84.4 318.0 217.2 239.1 294.7 188.4 210.7 84.1 316.8 217.4 240.0 294.7 188.3 210.9 84.0 316.7 r218.2 r240.8 r296.1 r188.2 r210.9 r84.9 r319.1 218.9 241.5 297.6 191.1 210.9 84.1 321.0 219.2 242.3 297.0 191.6 211.1 83.7 322.1 218.7 241.8 297.9 191.4 211.4 82.4 320.4 218.9 242.2 298.4 191.3 211.7 84.2 316.3 13 13-11 13-2 13-3 13-4 13-5 13-6 13-7 13-8 13-9 Nonmetallic mineral products .................................................... Flat g la s s ............................................................................... Concrete ingredients............................................................... Concrete products ................................................................. Structural clay products, excluding refractories ...................... Refractories............................................................................. Asphalt roofing....................................................................... Gypsum products ................................................................. Glass containers .................................................................... Other nonmetallic minerals .................................................... 325.2 229.7 313.3 302.0 277.8 341.3 384.0 286.0 352.4 480.2 326.3 229.7 316.4 302.7 282.4 339.4 383.4 289.3 351.3 481.9 327.2 229.5 317.2 303.5 282.4 340.2 387.2 297.8 351.1 482.5 328.0 229.6 316.7 303.3 283.5 344.7 387.9 312.8 350.2 483.2 328.9 230.1 314.8 304.1 284,1 353.3 387.8 315.1 350.4 487.4 328.9 229.9 314.6 304.2 284.2 353.3 384.2 322.6 350.4 486.8 330.1 229.5 315.6 304.9 284.3 353.9 385.0 328.6 350.6 486.4 332.2 229.9 319.9 305.9 283.7 356.0 392.3 339.4 350.6 488.1 333.4 229.1 324.2 306.3 284.3 361.1 385.6 339.6 351.6 490.8 r335.8 r230.2 r324.3 308.8 r285.0 r361.8 r396.2 r353.0 r358.0 r491.3 337.3 226.4 326.9 309.6 285.0 362.9 396.8 360.9 361.2 495.0 338.4 227.3 326.3 310.0 285.6 362.9 392.3 366.0 499.7 339.3 227.4 327 2 310.6 285.7 362.9 392.6 360.6 367.1 507.1 340.0 217.8 329.0 311.3 287.5 362.7 405.6 352.9 366.0 512.0 14 14-1 14-4 Transportation equipment (12/68 = 100)................................... Motor vehicles and equipment................................................. Railroad equipment................................................................. 256.7 256.8 350.2 256.8 256.8 351.0 250.4 249.1 350.7 260.6 260.6 348.6 260.5 260.5 348.6 260.7 260.6 350.5 261.5 261.1 351.5 262.2 261.2 351.5 262.4 261.5 352.0 r263.4 r261.9 r380.8 262.7 261.5 361.2 262.6 261.4 361.2 262.8 261.5 363.4 263.1 261.8 364.6 15 15-1 15-2 15-3 15-4 15-5 15-9 Miscellaneous products............................................................... Toys, sporting goods, small arms, ammunition...................... Tobacco products ................................................................. Notions.................................................................................. Photographic equipment and supplies ................................... Mobile homes (12/74 - 100)................................................. Other miscellaneous products................................................. 289.6 225.2 365.4 280 1 215.7 163.4 351.8 292.0 224.5 376.7 279.7 216.6 163.7 352.9 291.4 224.8 376.9 279.7 216.6 164.3 349.6 291.7 225.9 376.8 279.7 216.8 164.8 349 2 291.7 225.2 377.0 279.6 216.8 165.0 349.3 292.8 225.3 377.1 280.1 216.8 165.1 353.2 294.5 227.4 389.4 281.4 (2) 162.2 350.8 294.9 227.8 390.3 282.2 217.9 162.4 350.5 294.9 227.6 390.4 282.2 212.7 162.5 354.2 r294.6 r226.5 390.4 283.0 r213.6 r163.8 r351.9 294.3 226.7 390.6 283.9 213.5 163.9 350.0 295.6 226.4 400.2 283.9 213.5 163.9 349L6 297.1 226.4 407 9 283.9 213.7 164.1 349.8 297.9 226.9 407.6 283.9 214.1 163.1 352.8 1Data for April 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 2Not available. 3Prices for natural gas are lagged 1 month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 360.3 4T0.0 254.5 306.9 285.4 282.4 258.4 4Includes only domestic production. 5Most prices for refined petroleum products are lagged 1 month. 6Some prices for Industrial chemicals are lagged 1 month. r= revised. 79 MONTHLY LABOR REVIEW October 1984 • 25. C u r r e n t L a b o r S ta tis tic s : P r o d u c e r P r ic e s P roducer P rice Indexes, fo r special com m o dity group ings [1967 = 100 unless otherwise specified] Annual 1983 1984 1983 A ug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r .1 M ay June J u ly 306.6 257.5 258.7 308.0 257.1 257.6 308.3 260.7 260.9 309.2 260.5 258 6 309.1 258.0 258.0 309.4 260.2 260.4 310.7 268.3 266 2 311.9 270.2 267.0 313.6 272.9 271.2 314.2 '270.6 '270.9 314.9 269.8 272.4 314.9 267.6 269.2 315.4 272.1 273.4 314.7 270.1 270.5 Industrial commodities less fu e ls ........................ Selected textile mill products (Dec. 1975 = 1 0 0 ).............. Hosiery .......................................................... Underwear and nightwear .............................. Chemicals and allied products, including synthetic rubber and fibers and yarns.............................................. 279.3 138.2 144.7 223.8 280.4 139.0 145.6 223.5 280.0 139.1 145.6 224.5 281.8 139.4 145.6 224.7 282.2 139.8 145.6 224.6 282.9 140.1 145.6 225.4 284.3 140.0 145.8 228.6 285.5 141.3 147.3 229.8 286.7 141.7 147.4 229.8 '287.8 '141.7 147.4 229.8 287.8 142.7 147.4 229.9 287.9 142.6 147.4 229.0 288 1 142.9 147.8 229.5 288 2 142.7 147 8 230.2 283.5 285.0 285.6 285.6 286.3 287.4 287.6 286.2 289.1 290.6 290.9 290.7 291.2 290.4 Pharmaceutical preparations........................... lumber and wood products, excluding millwork...................... Steel mill products, including fabricated wire products . . . Finished steel mill products, excluding fabricated wire products ................................................. Finished steel mill products, including fabricated wire products ................................................. 224.8 321.2 351.2 226.0 331.5 350.1 227.1 316.5 355.9 229.4 316.7 356.4 231.3 314.7 357.4 231 8 321 4 357.8 233.9 322.6 360.1 235.9 331.4 361.1 238.8 334.9 361.2 '241.5 '332.5 361.8 242.1 320.6 362.5 242.3 317.9 363.1 244 0 312 6 365.3 244 2 315 3 365.7 351.5 350.3 357.1 357.8 358.6 359.2 361.7 363.2 363.1 '363.6 364.2 364.8 367.0 367.4 349.9 348.7 354.8 355.4 356.4 356.9 359.2 360.5 360.5 '361.0 361.6 362.3 364.4 364.9 Special metals and metal products ...................... Fabricated metal products......................................... Copper and copper products........................ Machinery and motive products................... Machinery and equipment, except electrical ................ 292.6 294.3 196.6 279.8 313.6 293.5 294.7 201.2 280.4 314.2 291.5 295.5 198.2 277.7 314.3 296.4 297.2 190.7 282.2 314.1 296.3 297.9 182.6 282.4 314.6 297.0 298.4 185.0 283.0 315.3 297.8 299.3 182.1 283.9 316.3 299.0 300.0 185.1 284.5 316.5 300.3 301.1 192.9 285.0 317.1 '301.2 '301.9 '199.4 '286.2 '318.5 300.6 302.7 190.4 286.2 319.6 300.6 303.5 189.3 286.3 319.4 300.0 303.8 183.5 286.7 320.3 300.0 304.9 181 8 287 1 321.0 Agricultural machinery, including tractors ................... Metalworking machinery........................... Total tractors............................................................ Agricultural machinery and equipment less parts...................... 341.5 357.1 '369.7 330.0 342.8 357.8 370.0 331.2 344.0 357.5 372.5 332.6 343.6 357.1 372.6 331.8 344.0 357.6 373.1 332.2 346.4 358.2 373.8 334.2 347.1 359.3 374 0 335.2 347.5 362.1 374.5 335.7 349.3 361.6 376.1 337.4 352.9 '363.0 '384.1 340.4 355.0 363.2 384.5 342.2 354.6 363.2 384.8 341.7 355.4 364.7 384.9 342.3 355 9 365.2 386 5 342.7 Farm and garden tractors less parts ...................... Agricultural machinery, excluding tractors less parts .............. Construction materials...................................... 347.2 337.1 297.7 347.5 339.2 299.8 350.6 338.9 299.9 350.7 338.2 300.4 350.9 338.7 300.4 352.0 342.2 301.3 352.2 343.3 302.3 352.9 343.4 305.0 355.1 344.9 306.6 362.1 345.7 '307.1 362.4 349.3 306.0 362.8 348.2 306.3 362.9 349 6 306.6 364 9 348 8 307.3 A ll c o m m o d it ie s — l e u f a r m p r o d u c t s ................................... A ll f o o d s P r o c e u e d fo o d s 'Data for April 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 26. A ug. r = revised. P roducer P rice Indexes, by durability of product [1967 = 100] Annual C o m m o d it y g r o u p in g 1983 1984 av e ra g e 1983 A ug. S e p t. O c t. Nov. D ec. Jan. Feb. M a r. A p r .1 M ay June J u ly Aug. Total durable goods ................................. Total nondurable goods .............................. 286.7 315.7 287.8 317.8 286.8 319.7 289.2 319.1 289.3 318.1 290.1 318.4 291.0 321.2 292.2 321.9 293.2 324.8 '294.2 '324.7 293.7 325.6 293.8 325.1 293.7 326.3 293.9 324.0 Total manufactures...................................... Durable ................................................. Nondurable ............................................ 295.7 287.3 304 4 296.9 288.3 305.9 297.2 287.2 307.8 298.5 289.6 307.7 298.4 289.8 307.4 298.8 290.5 307.5 300.0 291.3 309.1 301.2 292.4 310.4 302.8 293 3 312.7 '303.2 '294.3 '312.5 303.7 293.9 314.0 303.8 294.1 314.1 304.2 294.1 314.9 303.4 294.5 312.7 Total raw or slightly processed goods ........... Durable ................................. Nondurable ............................................ 339.8 249.3 345.4 343.8 256.8 349.1 345.9 260.7 351.0 343.6 259.8 348.6 340.6 258.5 345.6 341.8 263.3 346.5 348.4 267.4 353.3 347.6 275.2 351.8 352.4 278.7 356.7 '352.4 '280.6 '356.5 351.7 277.2 356.1 349.0 273.0 353.5 350.8 264 8 356.0 348.1 259.6 353.5 'Data for April 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. 80 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis r = revised. 27. P roducer P rice In dexes fo r th e output of selected SIC industries [1967 = 100 unless otherwise specified] S IC In d u s tr y d e s c r ip tio n av e ra g e O c t. Nov. Dec. Jan. Feb. M a r. A p r .1 May June J u ly A ug. A ug. S e p t. 177.1 269.7 921.4 177.1 231.2 915.8 177.1 243.3 920.0 177.1 283.3 907.2 177.1 287.5 909.4 177.1 277.0 909.4 177.1 275.8 914.3 177.1 245.4 913.0 177.1 250.0 902.7 177.1 267.9 r909.2 177.1 273.7 914.9 177.1 271.6 919.2 177.1 264.6 922.2 177.1 249.1 929.4 1983 code 1984 1983 Annual 1972 M IN IN G 1011 1092 1311 Iron ores (12/75 = 100)......................................... Mercury ores (12/75 = 100) ................................. Crude petroleum and natural gas ........................... M A N U F A C T U R IN G 2067 2074 2083 2091 2098 Chewing g u m .......................................................... Cottonseed oil m ills................................................. Malt ....................................................................... Canned and cured seafoods (12/73 = 100) ........... Macaroni and spaghetti............................................ 326.8 204.1 234.1 174.1 256.8 327.3 220.6 232.6 169.4 255.5 327.3 262.9 232.6 169.8 255.5 327.3 253.5 232.6 170.2 258.6 327.5 233.1 241.6 169.2 261.9 327.5 223.3 241.6 169.7 261.9 328.0 229.2 241.6 169.0 261.9 328.1 201.7 241.6 168.8 261.9 328.7 212.7 241.6 168.6 261 9 328.8 r222.6 241.6 r167.0 261.9 329.0 244.1 241.6 169 4 261.9 329.0 242.9 241.6 168.9 261.9 329.1 223.2 241.6 167.8 261.9 329.2 210.3 241.6 167.9 261.9 2298 2361 2381 2394 2448 Cordage and twine (12/77 = 100) ........................ Children's dresses and blouses (12/77 = 100) . . . . Fabric dress and work gloves ................................. Canvas and related products (12/77 = 1 0 0 )........... Wood pallets and skids (12/75 = 1 0 0 )................... 139.3 116.6 293.3 147.0 149.2 137.6 117.0 296.3 146.2 151.3 139.0 117.0 296.3 146.2 151.0 139 0 117.0 296.3 147.8 151.5 138.9 117.0 296.3 147.8 151.9 139.0 117.0 297.6 147 8 153.6 139 0 118.2 295.2 150.6 154 0 139.2 117.8 299.1 150.6 156.0 139.2 117.8 302.3 r150.6 157.9 139.3 r118.6 304.8 r150.6 161.6 139.4 118.5 315.6 151.3 165.0 139.4 118.5 315.6 151.3 165.4 137.4 118.6 315.6 151.3 166.3 137.4 118.6 315.6 151.3 166.3 2521 2654 2655 2911 3251 Wood office furniture............................................... Sanitary food containers ......................................... Fiber cans, drums, and similar products (12/75 = 100) Petroleum refining (6/76 = 100) ........................... Brick and structural clay tile ................................... 281.3 266 1 186 5 253.8 332.3 283.6 267.1 187.7 257.2 336.4 283.6 267.8 187.7 256.8 336.4 283.6 269.0 187.8 257.1 338.4 283.6 269.0 189.5 253.5 339.7 283.6 269.0 189.6 249.7 339.9 285.1 269 1 189.6 244.4 340.2 289.1 273.4 189.7 246.7 339.9 289.1 278.4 191.4 249.8 341.1 r289 2 r280.6 193.1 f244.9 r342.6 290 3 282 3 193.1 248.7 344.9 290.3 282 3 193.1 249.6 346.1 290.3 282.3 194.7 247.2 346.5 290.3 282.3 194.7 241.0 346.5 3253 3255 3259 3261 3263 Ceramic wall and floor tile (12/75 = 100) .............. Clay refractories....................................................... Structural clay products, n.e.c.................................. Vitreous plumbing fixtures...................................... Fine earthenware food utensils................................. 146.0 355.6 230.2 278.1 366.5 149.6 354.4 234.9 277.0 366.5 149.6 355.9 234.9 281.3 366.5 149.6 364.3 235.1 283.7 366 5 149.6 366.6 235.0 284.5 368.5 149.6 366.5 235.0 285.4 368 5 149.6 367 2 235 0 285.6 383.6 149.6 367.7 232.1 287.0 384.0 149.6 369.3 232.4 290.1 375.9 r149.6 r371.5 r232.4 290.4 r382.6 146.8 373.5 232.8 290.8 378.8 146.8 373.7 232.9 292.5 375.5 146.8 373.7 233.0 293.1 372.1 150.5 373.4 232.9 293.9 373.0 3269 3274 3297 3482 3623 Pottery products, n.e.c. (12/75 = 100) ................ Lime (12/75 - 100) .............................................. Nonclay refractories (12/74 = 1 0 0 )........................ Small arms ammunition (12/75 = 100)................... Welding apparatus, electric (12/72 = 100).............. 187.1 185.7 205 2 180.5 243.6 186.6 187.6 203.8 181.6 243.5 186.6 186.3 203.8 181.6 243.6 186 6 185.9 203.9 181.6 243.9 189 9 182.4 212.8 181.6 243.9 189.9 182.5 212.8 181.6 244 7 191.9 182.8 213.1 190.3 246.0 192.2 184.4 215.4 190.3 246.7 191.9 183.9 220.6 190.3 247.2 r192.2 r184.1 r220.1 M90.3 r248.7 192 3 184.2 220.2 196.6 243.7 192.2 183.4 220.1 196.6 245.2 192.1 180.4 220.0 196.6 245.3 192.1 179.8 219.9 196.6 245.4 3648 3671 3942 3944 3955 Lighting equipment, n.e.c. (12/75 = 1 0 0 )............. Electron tubes, receiving type ................................. Dolls (12/75 - 1 0 0 )............................................... Games, toys, and children's vehicles ...................... Carbon paper and inked ribbons (12/75 = 100) . . . 172.8 435.4 137.5 238.7 139.2 173.4 432.5 137.7 236.2 139.2 173.5 432.8 137.7 236.3 139.2 173.7 432.9 137.7 236.4 139.3 173.9 432.9 137 7 236.2 139.3 172.6 469.8 137.7 236.2 139.3 173.5 490.6 137.6 239.3 144.3 173.5 490 8 137.8 240.6 149.0 184.9 490.8 137.7 240.1 149.0 r185.0 r490 9 r131.6 r239.7 149.1 185.6 490.8 133.1 234.6 149.1 185.7 490.9 133.3 234.7 149.1 186 4 491.1 133.3 234.7 146.7 188.2 491.3 133.3 234 7 146.7 3995 3996 Burial caskets (6/76 = 1 0 0 )................................... Hard surface floor coverings (12/75 = 1 0 0 )........... 153.5 161.5 155.4 163.4 155.4 163.5 156.0 165.5 156.0 163.5 156.0 163.5 156.0 165.2 157.2 165.2 157.3 165.2 158.8 166.3 158.8 166.4 158.8 166.4 158.8 168.7 158 8 168.7 1Data for April 1984 have been revised to reflect the availability of late reports and corrections by respondents. All data are subject to revision 4 months after original publication. r = revised. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTE: Indexes which were deleted in the September issue may now be found in Table 4 of the BIS monthly report, P r o d u c e r P r ic e s a n d P r ic e I n d e x e s . 81 PRODUCTIVITY DATA d a t a are compiled by the Bureau of Labor Statistics from establishment data and from measures of compensation and output supplied by the U.S. Department of Commerce and the Federal Reserve Board. P r o d u c t iv it y Definitions Output is the constant dollar gross product produced by the particular sector. Output per hour of all persons (labor productivity) measures the value o f goods and services in constant prices produced per hour of labor. Output per unit of capital services (capital productivity) measures the value o f goods and services in constant dollars per unit of capital services input. Multifactor productivity measures the output per unit of combined labor and capital input. The traditional measure of output per hour reflects changes in capital per hour and a combination of other factors— such as, changes in technology, shifts in the composition of the labor force, changes in capacity utilization, research and development, skill and efforts of the work force, management, and so forth. The multifactor productivity meas ure differs from the familiar b l s measure of output per hour of all persons in that it excludes the effects of the substitution of capital for labor. Compensation per hour includes wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans. The data also include an estimate of wages, salaries, and supplementary payments for the self-employed, except for nonfinancial corporations, in which there are no self-employed. Real compensation per hour is com pensation per hour adjusted by the Consumer Price Index for All Urban Consumers. Unit labor costs measure the labor compensation costs required to produce a unit o f output and is derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and in direct taxes per unit o f output. They are computed by subtracting com pensation o f all persons from current dollar gross product and dividing by output. Unit nonlabor costs contain all the components of unit nonlabor payments except unit profits. Unit profits include corporate profits and the value o f inventory adjustments per unit of output. The implicit price deflator is the price index for the gross product of the sector reported. It is derived by dividing the current dollar gross product by the constant dollar figures. Hours of all persons measures the labor input of payroll workers, selfemployed persons, and unpaid family workers. Output per all employee hour describes labor productivity in nonfinancial corporations where there are no self-employed. The capital services input index used in the mul tifactor productivity computation is developed by bls from measures of the net stock o f physical assets— equipment, structures, land, and inven tories— weighted by rental prices for each type of asset. Combined units of labor and capital input are computed by combining changes in labor and capital inputs with weights which represent each component’s share of total output. The indexes for capital services and combined units of labor and capital are based on changing weights which are averages of the shares in the current and preceding year (the Tomquist index-number formula). Notes on the data In the business sector and the nonfarm business sector, the output meas ure employed in the computation of output per hour is constructed from Gross Domestic Product rather than Gross National Product. Multifactor productivity measures (table 28) for the p riva te business and p riva te non farm business sectors differ from the business and nonfarm business sector measures used in the traditional labor productivity indexes (tables 2 9 -3 2 ) in that they exclude the activities of government enterprises. There is no difference in the sector definition for manufacturing. Output measures for the business sectors are derived from data supplied by the Bureau of Economic Analysis, U.S. Department of Commerce, and the Federal Reserve Board. Quarterly manufacturing output indexes are adjusted by the Bureau of Labor Statistics to annual estimates of output (gross product originating) from the Bureau of Economic Analysis. Com pensation and hours data are from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The productivity and associated cost measures in the tables describe the relationship between output in real terms and the labor time and capital services involved in its production. They show the changes from period to period in the amount of goods and services produced per unit o f input. Although these measures relate output to hours and capital services, they do not measure the contributions of labor, capital, or any other specific factor of production. Rather, they reflect the joint effect of many influences, including changes in technology; capital investment; level of output; uti lization of capacity, energy, and materials; the organization of production; managerial skill; and the characteristics and efforts of the work force. For a more complete description of the methodology underlying the multifactor productivity measures, see Bulletin 2178, “ Trends in Multifactor Produc tivity, 1 9 4 8 -8 1 ” (September 1983). Beginning with the September issue of the Review, all of the productivity and cost measures in tables 29-32 incorporate revised output and compensation measures reported by the Bureau of Economic Analysis of the U.S. Department of Commerce. In addition, revised values for seasonally adjusting measures of employment and average weekly hours were introduced, data for employees of nonagricultural establishments were rebenchmarked to the most recent levels from unemployment insurance data, and improved estimates of employment levels in agricultural services were incorporated. 82 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 28. A nnual in dexes of m ultifactor p rodu ctivity and related m easures, selected years, 1 9 4 8 -8 2 [1977 = 100] It e m 1948 1950 1960 1970 1973 1974 1975 1976 1978 1979 1980 1981 1982 45.3 99.0 60 0 36.8 49.7 98.6 63.6 39.5 64.8 98.5 75.4 53.3 86.1 98.5 90.2 78.3 94.7 103.0 97.5 91.8 92.4 96.5 93.8 89.9 94.5 92.0 93.6 88 0 97.6 96.1 97.1 93.7 100.6 101.8 101.0 105.5 99.3 100.3 99.7 107.9 98.8 95.5 97.7 106.4 101.2 95.8 99.3 109.8 101.1 90.9 97.5 106.6 81.3 37.2 61.3 45.7 79.5 40.1 62.1 50.4 82.2 54.1 70.7 65.8 90 9 79.4 86.8 87.4 96.9 89.1 94.1 92.0 97.2 93.1 95.8 95.8 93.1 95.7 94.0 102.8 95.9 97.5 96.5 101.6 104.9 103.6 104.4 98.8 108.6 107.5 108.2 99.0 107.7 111.4 108.9 103.4 108.4 114.6 110.5 105.7 105.4 117.3 109.4 -'111.3 51.2 97.9 64.6 35.6 55.6 98.2 68.1 38.3 67.9 98 4 77.6 52.3 86.8 98.6 90.6 77.8 95.3 103 2 97.9 91.7 92.9 96.5 94.1 89.7 94.7 91.7 93.6 87.6 97.8 96.1 97.2 93.6 100.6 101.9 101.1 105.7 99.0 100.1 99.4 108.0 98.3 95.2 97.3 106.4 100.2 95.0 98.4 109.3 100.2 90.1 96.6 106.2 69 6 36.4 55.2 52.3 69.0 39.0 56.3 56.6 77.0 53.2 67.4 69.0 89.7 78.9 85 9 88.0 96.2 88.8 93.6 92.3 96.6 93.0 95.4 96.3 92.5 95.6 93.6 103.4 95.7 97.4 96.3 101.8 105.1 103.7 104.6 98 7 109.0 107.9 108.6 99.0 108.2 111.7 109.4 103.2 109.0 115.1 111.0 105.5 106.0 118.0 110.0 111.2 45.1 93.9 56.1 35.8 49.4 94.5 59.9 38.6 60.0 88.0 67.0 50.7 79.1 91.8 82.3 77.0 93.0 108.2 96.8 95.9 90 8 99.6 93.0 91.9 93.4 89 4 92.2 85.4 97.5 96.1 97.1 93.6 100.8 101.5 101.0 105.3 101.5 99.5 101.0 108.2 101.7 90.7 98.7 103.5 105.3 90.2 101.2 106.5 106.5 82.7 99.9 99.1 79.4 38.1 63.8 48.0 78.2 40.9 64.6 52.3 84.4 57.5 75.6 68.2 97.3 83.9 93.6 86.2 103.2 88.6 99.1 85.9 101.2 92.2 98.8 91.1 91.4 95.5 92.6 104.4 95.9 97.4 96.4 101.5 104.5 103.8 104.3 99.3 106.6 108.8 107.2 102.1 101.8 114.1 104.8 112.1 101.2 118.0 105.2 116.7 93.0 119.9 99.2 128.8 P R IV A T E B U S IN E S S S E C T O R Productivity: Output per hour of all persons........................ Output per unit of capital services................... Multifactor productivity.................................... Output.................................................................. Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital input . . . . Capital per hour of all persons ........................... P R IV A T E N O N F A R M B U S IN E S S S E C T O R Productivity: Output per hour of all persons......................... Output per unit of capital services................... Multifactor productivity ................................... Output.................................................................. Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital input . . . . Capital per hour of all persons ........................... M A N U F A C T U R IN G Productivity: Output per hour of all persons........................ Output per unit of capital services................... Multifactor productivity.................................... Output.................................................................. Inputs: Hours of all persons......................................... Capital services ............................................... Combined units of labor and capital input . . . . Capital per hour of all persons ........................... 29. A nnual in dexes of productivity, hourly com pensation, unit costs, and prices, selected years, 1 9 5 0 -8 3 [1977 = 100] Ite m Business sector: Output per hour of all persons......................... Compensation per h o u r.................................... Real compensation per hour ........................... Unit labor c o s ts .............................................. Unit nonlabor payments................................... Implicit price deflator...................................... Nonfarm business sector: Output per hour of all persons......................... Compensation per h o u r................................... Real compensation per hour ........................... Unit labor c o s ts .............................................. Unit nonlabor payments.................................... Implicit price deflator...................................... Nonfinancial corporations: Output per hour of all persons........................ Compensation per h o u r.................................... Real compensation per h o u r........................... Unit labor c o s ts ............................................... Unit nonlabor payments.................................... Implicit price deflator...................................... Manufacturing: Output per hour of all persons......................... Compensation per h o u r.................................... Real compensation per h o u r ........................... Unit labor c o s ts ............................................... Unit nonlabor payments.................................... Implicit price deflator...................................... 1950 1955 1960 1965 1970 1975 1976 1978 1979 1980 1981 1982 1983 50.4 20.0 50.5 39.8 43.4 41.0 58.3 26.4 59.7 45.2 47.6 46.0 65.2 33.9 69.5 52.1 50.6 51.6 78.3 41.7 80.1 53.3 57.6 54.7 86.2 58.2 90.8 67.5 63.2 66.0 94.6 85.6 96.4 90.5 90.4 90.4 97.6 92.9 98 9 95.1 94.0 94.7 100.5 108.5 100.8 108.0 106.7 107.5 99.3 118.7 99.1 119.5 112.8 117.2 98.8 131.1 96.4 132.6 119.3 128.1 100.7 143.4 95.5 142.4 136.7 140.4 100.9 155.0 97.3 153.6 136.8 147.9 103.7 161.7 98.4 156.0 145.5 152.4 56.3 21.9 55.1 38.8 42.7 40.1 62.8 28.3 64.0 45.1 47.8 46.0 68.3 35.7 73.1 52.3 50.4 51.6 80.5 42.8 82.3 53.2 58.0 54.8 86.8 58.7 91.5 67.6 63.8 66.3 94.8 86.1 96.9 90.8 88.5 90.0 97.8 93.0 99.0 95.1 93.5 94 6 100.6 108.6 100.8 108.0 105.3 107.1 99.0 118.4 98.8 119.5 110.4 116.5 98.3 130.6 96.0 132.8 118.6 128.1 99.8 143.1 95.3 143 5 135.0 140.6 100.0 154.5 97.0 154.5 136 9 148.6 103.4 162.0 98.6 156.6 147.0 153.4 (1) <1) (1) (1) 82 0 43.9 84.3 53.5 60.8 56.1 87.4 59 4 927 68.0 63.1 66.3 95.5 86.1 97.0 90.2 90.8 90.4 98.2 92.9 98.9 94 6 95.0 94.7 100.8 108.4 100.7 107.5 104.2 106.4 100.6 118.6 99.0 117.8 106.9 114.1 99.7 130.8 96.2 131.2 117.4 126.4 101.6 143.1 95.3 140.9 135.1 138.9 102.6 154.6 97.0 150.6 138.1 146.3 106.1 161.0 97.9 151.8 149.1 150.9 74.6 42.8 82.3 57.5 69.4 61.0 79.2 57.6 89.8 72.7 65.1 70.5 93.4 85.5 96.2 91.5 87.3 90.3 97.6 92.3 98.3 94.6 93.9 94.4 100.9 108.3 100.6 107.3 102.7 106.0 101.6 118.8 99.2 117.0 99.9 112.0 101.7 132.7 97.6 130.5 97.9 120.9 104.9 145.2 96.8 138.4 111.6 130.6 107.1 158.0 99.2 147.6 110.5 136.7 111.6 163.4 99.4 146.4 128.8 141.2 <n <1> 68.0 37.0 75.8 54.4 54.6 54.5 49.4 21.5 54.0 43.4 54.3 46.6 56.4 28.8 65.1 51.0 58 6 53.2 60.0 36 7 75.1 61.1 61.1 61.1 <n (1) <1> (1> <1 ) <1) 1Not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 83 MONTHLY LABOR REVIEW October 1984 • 30. C u r r e n t L a b o r S ta tis tic s : P r o d u c tiv ity A nnual changes in produ ctivity, hourly com pensation, unit costs, and prices, 1 9 7 3 -8 3 A n n u a l ra te Year of change It e m 1973 Business sector: Output per hour of all persons .............. Compensation per h o u r........................ Heal c o m p e n s a tio n p e r hour ................ Unit labor costs .................................... Unit nonlabor payments........................ Implicit price deflator ........................... Nonfarm business sector: Output per hour of all persons .............. Compensation per h o u r......................... Real compensation per hour ................ Unit labor costs .................................... Unit nonlabor payments........................ Implicit price deflator ........................... Nonfinancial corporations: Output per hour of all employees........... Compensation per h o u r......................... Real compensation per hour ................ Unit labor costs .................................... Unit nonlabor payments........................ Implicit price deflator ........................... Manufacturing: Output per hour of all persons .............. Compensation per h o u r........................ Real compensation per hour ................ Unit labor costs .................................... Unit nonlabor payments........................ Implicit price deflator ........................... 1974 1975 1976 1977 1978 1960 1981 1982 1983 1 9 5 0 -8 3 1 9 7 2 -8 3 2.6 8.0 1.6 5.3 5.9 5.5 -2 .4 9.4 -1 .4 12.1 4.4 9.5 2.2 9.6 0.5 7.3 15.1 9.8 3.3 8.5 2.6 5.1 4.0 4.7 2.4 7.7 1.2 5.1 6.4 5.6 0.5 8.5 0.8 8.0 6.7 7.5 -1 .2 9.4 -1 .7 10.7 5.8 9.0 -0 .5 10.4 -2 .7 11.0 5.7 9.3 1.9 9.4 -0 .9 7.3 14.6 9.6 -0 .2 8.1 1.9 7.9 0.1 5.3 2.7 4.3 1.1 1.6 6.3 3.0 2.2 6.5 2.0 4.2 3.7 4.1 1.1 8.5 0.2 7.3 6.7 7.1 2.4 7.6 1.3 5.0 1.3 3.8 -2 .5 9.4 -1 .4 12.2 5.9 10.2 2.0 9.6 0.4 7.5 16.7 10.3 3.2 8.1 2.2 4.7 5.7 5.1 2.2 7.5 1.0 5.2 6.9 5.7 0.6 8.6 0.8 8.0 5.3 7.1 -1 .5 9.0 -2 .0 10.7 4.8 8.8 -0 .7 10.3 -2 .8 11.1 7.4 10.0 r1.5 9.6 -0 .7 8.0 13.8 9.8 0.2 8.0 1.7 7.7 1.4 5.7 3.5 4.9 1.6 1.4 7.4 3.2 1.9 6.3 1.8 4.3 3.8 4.1 1.0 8.4 0.2 7.4 6.9 7.2 2.4 7.5 1.2 4.9 1.5 3.8 -3 .7 9.4 -1 .5 13.6 7.1 11.4 2.9 9.6 0.4 6.5 20.1 10.9 2.9 7.9 2.0 4.9 4.6 4.8 1.8 7.6 1.1 5.7 5.3 5.6 0.8 8.4 0.7 7.5 4.2 6.4 -0 .2 9.4 -1 .7 9.6 2.6 7.2 -0 .9 10.3 -2 .8 11.3 9.8 10.8 1.9 9.4 -0 .9 7.4 15.1 9.8 1.0 8.0 1.8 6.9 2.3 5.3 3.3 4.2 0.9 0.8 7.9 3.1 (1) (1) (1) (1) (1) (1) 1.1 r8.3 r0.3 r6.8 7.1 r7.0 5.4 7.2 0.9 1.7 -3 .3 0.3 -2 .4 10.6 -0 .3 13.3 -1 .8 9.0 2.9 11.9 2.5 8.8 25.9 13.1 4.5 8.0 2.1 3.4 7.5 4.6 2.5 8.3 1.8 5.7 6.5 6.0 0.9 8.3 0.6 7.3 2.7 6.0 0.7 9.7 -1 .4 9.0 -2 .6 5.7 0.2 11.7 -1 .6 11.5 -2.1 7.9 3.1 9.4 -0 .9 6.1 14.1 8.0 2.1 8.8 2.5 6.6 -1 .0 4.7 4.3 3.4 0.2 -0 .8 165 3.3 2.5 6.3 1.9 3.8 2.6 3.4 2.2 8.8 0.6 6.5 5.3 6.2 1Not available. 31. 1979 r = revised. Q uarterly indexes of productivity, hourly com pensation, unit costs, and prices, seaso n ally adjusted [1977 = 100] Business sector: Output per hour of all persons ...................... Compensation per hour ................................. Real compensation per ho ur........................... Unit labor costs.............................................. Unit nonlabor payments ................................. Implicit price deflator...................................... Nonfarm business sector: Output per hour of all persons ...................... Compensation per hour ................................. Real compensation per hour........................... Unit labor costs............................................... Unit nonlabor payments ................................. Implicit price deflator...................................... Nonfinancial corporations: Output per hour of all employees................... Compensation per hour ................................. Real compensation per hour........................... Total unit co sts.............................................. Unit labor costs . ................................. Unit nonlabor costs................................. Unit profits .................................................... Implicit price deflator...................................... Manufacturing: Output per hour of all persons ...................... Compensation per hour ................................. Real compensation per ho ur........................... Unit labor costs.............................................. 1Not available. 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Q u a r t e r ly in d e x e s Annual av e ra g e It e m 1981 1982 1983 1984 1982 1983 100.9 155.0 97.3 153.6 136.8 147.9 103.7 161.7 98.4 156.0 145.5 152.4 100.3 147.6 95.4 147.1 139.6 144.6 100 9 151.4 96.9 150.0 138.0 145.9 100.3 153.9 97.2 153.4 137.0 147.9 100.9 156.7 97.3 155.3 135.8 148.7 101.6 158.4 98.0 155.9 136.5 149.3 102.2 160 2 99.0 156.8 139.8 151.0 103.6 161.0 98.5 155.4 144.6 151.7 104.3 161.8 98.0 155.1 147.9 152.7 104.7 164.2 98.4 156.8 149.1 154.2 105.7 166.7 98.6 157.7 151.6 155.6 r106.8 167.5 98.2 r156.9 r156.3 156.7 100.0 154.5 97.0 154.5 136.9 148.6 103.4 162.0 98.6 156.6 147.0 153.4 99 2 147.3 95.2 148.5 138.5 145.1 99.8 151.0 96.7 151.4 136.9 146.5 99.4 153.2 96.8 154.2 137.5 148.6 100.3 156.0 96.9 155.6 136.8 149.3 100.5 157.9 97.7 157.1 136.4 150.2 101.6 160.1 99.0 157.6 140.6 151.9 103.6 161.5 98.8 155.9 146.4 152.7 104.1 162.4 98.3 155.9 149.4 153.8 104.4 164.0 98.2 157.1 151.4 155.2 105.2 166.5 98.5 158.3 152.2 156.3 r106.4 r168.0 98.5 r158.0 r155.8 r157.2 102.6 154.6 97.0 154.3 150.6 164.8 84.6 146.3 106.1 161.0 97.9 155.2 151.8 164.9 117.2 150.9 101.3 147.1 95.1 148.7 145 2 158.5 100.2 143.1 102.2 151.1 96.7 151.5 147,9 161.6 89.4 144.3 102.1 153.5 97.0 154.0 150.3 164.3 86.8 146.3 103.3 156.2 97.0 154.7 151.3 164.4 86.6 146 9 103.2 157.7 97.5 157.0 152 9 168.8 75.6 147.7 104.0 159.2 98.4 156.7 153.1 167.0 92.5 149.4 105.8 160.6 98.2 155.2 151.7 165.1 111.8 150.2 107.2 161.8 98.0 154.4 150.9 164.4 126.6 151.2 107.2 162.6 97.4 154.7 151.7 163.3 135.9 152.6 108.1 164.8 97.5 155.0 152.5 162.0 143.2 153.6 P108.6 P165.8 P97.2 P155.3 P152.7 P162.8 P147.9 P154.5 107.1 158.0 99.2 147.6 111.6 163.4 99.4 146.4 104.0 149.8 96.8 144.0 105.5 154.3 98 8 146.2 106.3 157.2 99.4 148.0 108 8 159 8 99.2 146.9 107.8 161.0 99.6 149.3 109.1 162.7 100.6 149.1 110.8 163.0 99.7 147.0 113.4 163.5 99.0 144.1 113.1 164.6 98.6 145.5 114.2 r167.1 r98.9 r146 4 r115.2 r168.3 r98.7 r146.1 IV I II in r = revised. p = preliminary. IV I II I II IV I II 32. P ercen t ch an g e from preceding q uarter and year in productivity, hourly com pensation, unit costs, and prices, seaso n ally adjusted at annual rate P e rc e n t c h a n g e fro m s a m e q u a r te r a y e a r a g o Q u a r t e r ly p e r c e n t c h a n g e a t a n n u a l r a te It e m Business sector: Output per hour of all persons........... Compensation per hour...................... Real compensation per h o u r.............. Unit labor co sts................................. Unit nonlabor payments ................... Implicit price deflator......................... Nonfarm business sector: Output per hour of all persons........... Compensation per hour...................... Real compensation per h o u r.............. Unit labor co sts................................. Unit nonlabor payments ................... Implicit price deflator......................... Nonfinancial corporations: Output per hour of all employees . . . Compensation per hour...................... Real compensation per h o u r.............. Total units costs .............................. Unit labor costs ........................... Unit nonlabor costs ...................... Unit profits ...................................... Implicit price deflator......................... Manufacturing: Output per hour of all persons........... Compensation per hour...................... Real compensation per h o u r.............. 1Not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IV 1 9 8 2 11983 I1 1983 I II 1 9 8 2 IV 1 9 8 3 11934 1 1982 I1 1982 III 1 9 8 2 IV 1 9 8 2 11983 to to to to to to to to to to to to 1 1983 II 1 9 8 3 III 1 9 8 3 IV 1 9 8 3 1 1984 I1 1984 1 1983 I1 1983 III 1 9 8 3 IV 1 9 8 3 1 1984 I1 1984 2.1 4.4 4.1 2.2 10.2 4.6 5.9 2.2 -2.1 -3 .5 14.5 1.9 2.8 2.0 -2.1 -0 .8 9.5 2.5 1.4 6.1 1.6 4.6 3.1 4.1 4.0 6.2 1.2 2.1 7.0 3.7 r4 0 r1 9 r -1 7 r- 2 0 r12 9 2.7 1.2 5.8 2.1 4.5 1.3 3.5 3.3 4.6 1.3 1.3 5.5 2.6 3.4 3.3 0.7 -0.1 8.9 2.7 3.1 3.7 0.3 0.6 9.2 3.3 3.5 4.1 -0 .4 0.6 8.4 3.0 r3.1 4.0 -0 .3 r1.0 r8.1 r3.3 4.4 5.7 5.4 1.3 12.7 4.6 8.1 3.5 -0 .8 -4 .2 17.8 2.2 2.1 2.2 -1 .9 0.1 8.4 2.7 1.0 4.1 -0 .3 3.0 5.3 3.7 2.9 6.1 1.0 3.1 2.3 2.8 r4.7 r3.7 r0 0 r-0 9 r9.7 r2 5 1.8 6.0 2.4 4.1 2.7 3.7 4.3 5.4 2.0 1.1 6.5 2.8 3.9 4.1 1.5 0.2 9.2 3.0 3.9 3.9 0.6 10.9 3.3 3.5 4.0 -0 .5 0.4 8.3 2.9 r2.7 4.0 -0 .3 r1.3 r6.4 2.9 3.2 3.9 3.5 -0 .7 0.7 -4.1 124.6 4.7 7.5 3.5 -0 .8 -3 .9 -3 .7 -4 .5 112.8 2.3 5.3 3.1 -1 .0 -2 .0 -2.1 -1 .7 64.8 2.8 -0 .2 2.0 -2 .4 0.8 2.1 -2 .6 32.6 3.6 3.6 5.7 0.7 0.6 2.0 -3 .2 23.4 2.7 P1.7 P2 3 P-1.3 P1.0 P0 6 P2.1 P13 6 P2 3 1.8 5.4 1.7 3.5 3.5 3.3 3.5 3.5 3.7 4.6 1.3 0.8 0.9 0.5 28.7 2.7 3.8 3.6 1.0 -0 .2 -0 .2 46.3 3.0 3.9 3.1 -0 .2 -1 .5 -0 .8 -3 .2 79.8 3.3 4.0 3.6 -0 .9 -1.1 -0 .4 -3 .0 54.8 2.8 P2.6 P3.2 P-1.0 P0.1 P0.7 P-1.4 P32.3 P2.8 4.8 4.2 3.9 -0 .5 6.4 0.6 -3 .5 -5 .5 9.7 1.3 -2 .8 -7 .7 -1 .0 2.9 -1 .5 3.9 3.7 r6.2 r1.1 r2.3 r3 6 r2 9 r-0 8 r -0 .7 3.4 5.5 1.8 2.0 4.3 3.6 0.3 -0 .6 4.3 2.3 -0 .3 -1 .9 4.9 2.2 -1 .0 -2 .6 4.7 r2.7 r -1 .7 r1.9 r4.0 r3.3 r -1 .0 0.6 0.0 0.0 I1 1983 r = revised. p = preliminary. 85 WAGE AND COMPENSATION DATA D a t a f o r t h e e m p l o y m e n t c o s t in d e x are reported to the Bureau of Labor Statistics by a sample of 2,000 private nonfarm estab lishments and 750 State and local government units selected to represent total employment in those sectors. On average, each reporting unit provides wage and compensation information on five well-specified occupations. Data on negotiated wage and benefit changes are obtained from contracts on file at the Bureau, direct contact with the parties, and secondary sources. Definitions The Employment Cost Index (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 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and implemented within the first 12 months after the effective date o f the agreement. Changes over the life o f 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 em ployees’ total compensation. State and local government units were added to the ECI coverage in 1981, providing a measure o f total compensation change in the civilian nonfarm economy. Data for the broad white-collar, blue-collar, and service worker groups, and the manufacturing, nonmanufacturing, and service industry groups are presented in the ECI. Additional occupation and industry detail are pro vided for the wages and salaries component of total compensation in the private nonfarm sector. For State and local government units, additional industry detail is shown for both total compensation and its wages and salaries component. Historical indexes (June 1981 = 100) of the quarterly rates o f 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 o f Methods (Bulletin 2134— 1), and the Monthly Labor Review articles: “ Employment Cost Index: a measure of change in the ‘price of labor,’ ” July 1975; “ How benefits will be incorporated into the Employment Cost Index,” January 1978; and “ The Employment Cost Index: recent trends and expansion,” May 1982. Additional data for the ECI and other measures of wage and compen sation changes appear in Current Wage Developments, a monthly publi cation o f the Bureau. 33. E m ploym ent C ost Index, by occupation and industry group [June 1981 = 100 ] P erc e n t ch an g e 1982 S e r ie s C i v il ia n w o r k e r s 1 ................................................................................................................................ Workers, by occupational group White-collar workers.................................................................... Blue-collar workers .................................................................... Service workers .......................................................................... Workers, by industry division Manufacturing ............................................................................. Nonmanufacturing....................................................................... Serv.ces .................................................................................. Public administration2 ............................................................ P r iv a t e in d u s tr y w o r k e r s Workers, by occupational group White-collar workers ............................................................... Blue-collar workers .................................................................. Service workers....................................................................... Workers, by Industry division Manufacturing.......................................................................... Nonmanufacturing.................................................................... S t a t e a n d lo c a l g o v e r n m e n t w o r k e r s Workers, by occupational group White-collar workers ............................................................... Blue-collar workers ................................................................. Workers, by industry division Services .................................................................................. Schools............................................................................... Elementary and secondary .............................................. Hospitals and other services3 .............................................. Public administration2 ............................................................ Excludes farm, household, and Federal workers. 1983 1984 3 m o n th s 1 2 m o n th s ended ended June S e p t. D ec. M a rc h June S e p t. D ec. M a rc h June 107.5 110.1 111.4 113.2 114.5 116.5 117.8 119.8 120.8 0.8 5.5 107.7 107.1 108.3 110.7 109.2 110.8 111.9 110.5 112.4 113.7 112.3 114.3 114.9 113.6 115.1 117.6 114.8 116.7 118.9 115.8 119.1 120.9 117.7 122.0 122.1 118.6 122.1 1.0 .8 .1 6.3 4.4 6.1 107.2 107.7 109.2 109.1 109.3 110.5 113.5 112.8 110.4 111.8 115.0 113.6 112.5 113.5 116.6 116.2 113.5 114.9 117.1 117.0 115.0 117.2 121.1 119.8 116.0 118.6 122.6 121.4 117.9 120.7 125.0 122.9 119.1 121.6 125.5 123.7 1.0 .7 .4 .7 4.9 5.8 7.2 5.7 June 1984 107.2 109.3 110.7 112.6 113.9 115.6 117.0 119.0 120.1 .9 5.4 107.2 107.0 107.9 109.5 109.0 109.6 110.8 110.3 111.8 112.8 112.1 113.8 114.2 113.5 114.6 116.5 114.6 115.1 117.9 115.7 117.9 119.9 117.5 121.5 121.4 118.4 121.2 1.3 .8 - .2 6.3 4.3 5.8 107.2 107.1 109.3 109.3 110.4 110.8 112.5 112.6 113.5 114.2 115.0 116.0 116.0 117.5 117.9 119.6 119.1 120.7 1.0 .9 4.9 5.7 109.3 114.3 115.1 116.5 117.1 120.8 122.0 123.9 124.4 .4 6.2 109.5 108.9 114.9 112.7 115.8 113.0 117.0 114.9 117.5 115.8 121.5 118.0 122.6 119.2 124.5 121.9 125.0 122.3 .4 .3 6.4 5.6 109.4 109.1 109.5 110.3 109.1 114 9 114.8 115.6 115.3 112.8 115.9 115.8 116.6 116.0 113.6 116.8 116.6 117.2 117.5 116.2 117.4 116.9 117.4 118.8 117.0 121.7 121.9 123.3 121.1 119.8 122.6 122.6 123.9 122.6 121.4 124.5 124.5 125.4 124.4 122.9 125.0 124.7 125.7 125.7 123.7 .4 .2 .2 1.0 .7 6.5 6.7 7.1 5.8 5.7 includes, for example, library, social, and health services. ^Consists of legislative, judicial, administrative, and regulatory activities. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 87 MONTHLY LABOR REVIEW October 1984 • 34. C u r r e n t L a b o r S ta tis tic s : W a g e a n d C o m p e n s a tio n D a ta E m ploym ent C ost Index, w ages and salaries, by occupation and industry group [June 1981 = 100 ) P erc e n t change 1982 S e r ie s 1983 1984 June S e p t. D ec. M a rc h June S e p t. D ec. M a rc h June 3 m o n th s 1 2 m o n th s ended ended June 1984 ............................................................................................................................... 107.3 109.7 110.9 112.2 113.4 115.3 116.5 117.9 118.8 0.8 4.8 Workers, by occupational group White-collar workers.................................................................... Blue-collar workers .................................................................... Service workers .......................................................................... 107.6 106.7 107.9 110.4 108.6 110.1 111.4 109.8 111.8 113.0 110.8 113.2 114.2 112.0 113.9 116.7 113.1 115.1 117.9 114.0 117.4 119.3 115.3 120.0 120.4 116.1 119.8 .9 .7 -.2 5.4 3.7 5.2 Workers, by industry division Manufacturing ............................................................................ Nonmanufacturing....................................................................... Services .................................................................................. Public administration2 ............................................................ 107.0 107.5 109.5 108.4 108.8 110.1 113.2 111.9 109.8 111.3 114.4 112.6 111.0 112.7 115.8 114.6 112.0 114.0 116.3 115.4 113.3 116.1 120.1 118.2 114.5 117.4 121.3 119.4 115.7 118.9 123.3 120.4 116.8 119.7 123.8 121.3 1.0 .7 .4 .7 4.3 5.0 6.4 5.1 P r iv a t e in d u s tr y w o r k e r s .......................................................................................................... 107.1 109.0 110.3 111.6 112.9 114.5 115.8 117.2 118.2 .9 4.7 107.3 109.4 107.2 101.8 108.3 106.6 107.6 106.6 104.1 105.1 107.9 109.4 111.8 108.5 104.5 110.3 108.5 109.6 108.3 106.0 106.5 109.3 110.6 112.9 109.3 106.2 111.6 109.7 111.2 109.3 106.9 107.8 111.4 112.2 114.8 112.0 105.7 113.4 110.7 112.2 110.0 108.0 109.0 112 9 113.6 115.9 114.0 107.1 114.6 111.9 113.4 111.1 110.3 109.8 113.5 115.9 119.9 114.8 108.4 116.7 112.9 114.3 112.3 110.7 110.8 113.7 117.2 120.4 115.7 111.2 118.3 113.9 115.4 113.6 110.2 112.1 116.5 118.5 122.2 118.0 110.2 119.8 115.1 116.5 114 9 111.7 112.9 119.8 119 9 123.8 119.2 111.9 120.7 115.9 117.3 115.8 112.7 114.1 119.3 1.2 1.3 1.0 1.5 .8 .7 .7 .8 .9 1.1 - .4 5.5 6.8 4.6 4.5 5.3 3.6 3.4 4.2 2.2 3.9 5.1 107.0 107.4 106.3 107.1 107.3 106.9 105.8 108.9 104.5 102.4 110.0 108.8 109.0 108.5 109.1 109.1 109.5 106.5 109.0 105.5 106.1 112.5 109.8 110.3 109.1 110.5 109.7 111.1 107.2 109.8 106.1 109.0 114.3 111.0 111.1 110.9 112.0 110.4 112.9 108 5 111.8 107.2 110.6 116.0 112.0 111.8 112.3 113.4 112.1 114.7 110.8 114.1 109.4 111.1 116.6 113.3 112.9 113.9 115.2 112.2 115.7 111.5 115.7 109 9 113.5 120.4 114.5 114.4 114.6 116.5 112.9 116.8 112.3 116.5 110.6 116.9 121.9 115.7 115.7 115.8 118.0 113.3 118.5 114.3 118.2 112.8 116.1 124.2 116.8 116.6 117.1 119.0 114.0 119.3 116.0 120.0 114.4 116.9 124.7 1.0 .8 1.1 .8 .6 .7 1.5 1.5 1.4 .7 .4 4.3 4.3 4.3 4.9 1.7 4.0 4.7 5.2 4.6 5.2 6.9 108.7 113.5 114.0 115.1 115.7 119.2 120.0 121.6 122.0 .3 5.4 108.9 107.9 114.2 111.5 114.6 112.0 115.6 113.3 116.1 114.3 119.8 116.4 120.6 116.9 122.2 119.1 122.5 119.6 .2 .4 5.5 4.6 108.8 108.5 108.8 109.5 108.4 114.2 114.2 114.9 114.3 111.9 114.6 114.5 115.1 114.9 112.6 115.5 115.2 115.6 116.5 114.6 115.9 115.4 115.8 117.7 115.4 119.8 119.9 121.1 119.7 118.2 120.6 120.6 121.7 120.6 119.4 122.2 122.2 122.9 121.9 120.4 122.5 122.3 123.0 123.1 121.3 2 .1 .1 1.0 .7 5.7 6.0 6.2 4.6 5.1 C i v il ia n w o r k e r s 1 Workers, by occupational group White-collar workers ............................................................... Professional and technical w orkers...................................... Managers and administrators .............................................. Salesworkers....................................................................... Clerical workers.................................................................... Blue-collar w orkers................................................................. Craft and kindred w orkers.................................................... Operatives, except transport................................................. Transport equipment operatives........................................... Nonfarm laborers................................................................. Service workers....................................................................... Workers, by industry division Manufacturing.......................................................................... Durables............................................................................... Nondurables ....................................................................... Nonmanufacturing.................................................................... Construction ....................................................................... Transportation and public utilities......................................... Wholesale and retail tra d e .................................................... Wholesale trade ............................................................... Retail trade....................................................................... Finance, insurance, and real estate...................................... Services............................................................................... S t a t e a n d lo c a l g o v e r n m e n t w o r k e r s ........................................................................... Workers, by occupational group White-collar workers ............................................................... Blue-collar workers ................................................................. Workers, by industry division Services .................................................................................. Schools............................................................................... Elementary and secondary .............................................. Hospitals and other services3 .............................................. Public administration2 ............................................................ Excludes farm, household, and Federal workers. Consists of legislative, judicial, administrative, and regulatory activities. 88 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis includes, for example, library, social, and health services. 35. E m ploym ent C ost Index, private industry w orkers, by bargaining status, region, and area size [June 1981 = 100) P erc e n t ch an g e 1982 S e r ie s 1983 1984 3 m o n th s 1 2 m o n th s ended ended June S e p t. D ec. M a rc h June S e p t. D ec. M a rc h June Workers, by bargaining status1 Union ............................................................................. Manufacturing ....................................................... Nonmanufacturing............................................................... 108.4 108.0 108.7 110.6 110.3 111.0 112.3 111.8 112.8 114.5 114.0 114.9 116.0 114.8 117.1 117.8 116.3 119.2 118.8 117.2 120.4 120.6 119.3 121.9 121.7 120.5 122.8 0.9 1.0 .7 4.9 5.0 4.9 Nonunion ....................................................................... Manufacturing .................................................................. Nonmanufacturing......................................................... 106.5 106.6 106.4 108.5 108.4 108.6 109.7 109.2 109.9 111.5 111.2 111.6 112.8 112.3 113.0 114.4 113.8 114.7 115.9 114.9 116.4 118.0 116.6 118.6 119.2 117.9 119.8 1.0 1.1 1.0 5.7 5.0 6.0 111.7 110.6 108.6 112.9 112.6 112.5 110.9 115.4 114.3 113.5 112.5 116.6 116.0 115.6 113.9 118.0 117.5 117.1 114.7 120.0 118.9 119.7 117.2 121.0 120.7 120.7 117.9 122.2 1.5 .8 .6 1.0 5.6 6.3 4.8 4.8 June 1 9 8 4 C O M P E N S A T IO N Workers, by region1 Northeast ............................................................ South .................................................................. North Central ................................................. W est.................................................... Workers, by area size1 Metropolitan areas ............................................ Other areas .............................................. 107.2 107.0 109.4 108.6 110.9 109.1 112.9 110.8 114.2 112.3 116.0 113.4 117.4 114.5 119.4 116.7 120.6 117.4 1.0 .6 5.6 4.5 108.1 107.3 108.8 110.3 109.5 111.1 111.8 110 8 112.7 112.9 111.4 114.3 114.2 112.3 116.0 116.0 113.7 118.3 116.9 114.8 118.9 118.1 116.1 120.1 119.0 117.1 120.7 .8 .9 .5 4.2 4.3 4.1 106.5 106.7 106.4 108.3 108.2 108.3 109.5 109.1 109.6 110.9 110.7 111.0 112.2 111.8 112.4 113.7 113.0 114.0 115.2 114.2 115.6 116.7 115.4 117.2 117.8 116.5 118.3 .9 1.0 .9 5.0 4.2 5.2 Workers, by region1 Northeast ............................................ South ....................................................... North Central .............................................. W est.................................................... 106.7 107.4 106.1 108.6 109.7 108.8 107.6 110.7 111.5 109.8 108.6 112.0 112.0 111.4 110.1 114.1 113.6 112.5 111.5 114.9 115.3 114.3 112.8 116.5 116.6 115.7 113.6 118.5 117.4 117.9 115.5 118.8 118.9 119.0 116.0 119.6 1.3 .9 ,4 .7 4.7 5.8 4.0 4.1 Workers by area size1 Metropolitan areas .............................................. Other areas ............................................................ 107.1 106.8 109.1 108.3 110.5 108.8 111.9 110.1 113.2 111.4 114.9 112.3 116.2 113.4 117.6 115.1 118.6 116.0 9 .8 4.8 4.1 W A G E S A N D S A L A R IE S Workers, by bargaining status1 Union ....................................................................... Manufacturing ....................................................... Nonmanufacturing............................................................... Nonunion ............................................................ Manufacturing ....................................................... Nonmanufacturing....................................................... 1The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see BLS H a n d b o o k o f M e th o d s , Bulletin 1910. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 89 MONTHLY LABOR REVIEW October 1984 • 36. C u r r e n t L a b o r S ta tis tic s : W a g e a n d C o m p e n s a tio n D a ta W age and com pensation change, m ajor collective bargaining settlem ents, 1979 to date [In percent] Q u a r t e r ly a v e r a g e 1982 M e a s u re 1979 1981 1980 1983 1982 1983 II I II IV 1 1984F II I II IV 1 II Total compensation changes, covering 5,000 workers or more, all industries: 9.0 6.6 10.4 7.1 10.2 8.3 3.2 2.8 3.4 3.0 2.6 2.1 6.2 4.7 3.3 4.8 -1 .6 1.4 4.4 3.6 5.0 4.3 4.9 3.1 5.2 4.8 3.6 3.1 First year of contract ................... Annual rate over life of contract. . . 7.4 6.0 9.5 7.1 9.8 7.9 3.8 3.6 2.6 2.8 3.4 3.2 5.4 4.5 3.8 4.8 -1 .2 2.2 2.7 2.8 3.7 3.6 4.2 2.8 3.1 3.4 2.3 2.3 Manufacturing: First year of contract ................... Annual rate over life of contract. . . 6.9 5.4 7.4 5.4 7.2 6.1 2.8 2.6 0.4 2.1 1.8 1.7 5.1 3.9 4.1 4.5 -3 .4 .9 1.3 1.7 3.4 3.5 2.9 3.1 2.9 2.7 1.9 1.4 Nonmanufacturing (excluding construction): First year of contract ................... Annual rate over life of contract. . . 7.6 6.2 9.5 6.6 9.8 7.3 4.3 4.1 5.0 3.7 6.6 6.1 5.5 4.8 3.6 5.2 3.3 5.3 5.9 5.2 5.8 4.3 4.8 2.7 4.4 4.8 4.1 4.0 Construction: First year of contract ................... Annual rate over life of contract. . . 8.8 8.3 13.6 11.5 13.5 11.3 6.5 6.3 1.5 2.4 6.2 6.3 6.3 5.9 3.4 2.9 .7 2.4 1.7 2.1 1.5 2.9 1.1 2.6 -3 .7 -3 .0 .7 1.1 First year of contract ................... Annual rate over life of contract. . . Wage rate changes covering at least 1,000 workers, all industries: p = preliminary. 37. E ffective w age adjustm ents in collective bargaining units covering 1,000 w orkers or m ore, 1979 to date Y e a r a n d q u a rte r Year 1982 M e a s u re 1979 1980 1981 1982 1983 II I II 1983 IV I II 19840 III IV 1 II Average percent adiustment (including no change): All industries.................................................................. Manufacturing ......................................................... Nonmanufacturing .................................................... 9.1 9.6 8.8 9.9 10.2 9.7 9.5 9.4 9.5 6.8 5.2 7.9 4.0 2.7 4.8 2.0 1.0 2.7 2.4 1.7 2.9 1.3 1.5 1.2 0.3 - .5 .9 1.3 1.1 1.5 1.2 1.2 1.2 1.1 .9 1.2 0.9 1.2 .7 0.9 1.0 .9 From settlements reached in period .............................. Deferred from settlements reached in earlier period . . . . From cost-of-living clauses............................................ 3.0 3.0 3.1 3.6 3.5 2.8 2.5 3.8 3.2 1.7 3.6 1.4 .8 2.5 .6 .4 1.4 .2 .5 1.3 .6 .6 .4 .3 - .2 .4 .1 .3 1.0 .1 .2 .8 .2 .6 .3 .2 .1 .4 .4 .1 .7 .2 Total number of workers receiving wage change (in thousands)1 ......................................................... — — 8,648 7,852 6,530 3,423 3,760 3,441 2,875 3,061 3,025 2,887 2,906 2,651 — — 2,270 1,907 2,327 511 620 825 448 561 599 996 291 316 — — — — 6,267 4,593 4,846 3,830 3,260 2,327 1,594 1,568 2,400 2,251 860 1,970 812 1,938 1,405 1,299 1,317 1,218 669 1,290 1,043 1,613 1,231 1,267 — — 145 483 1,187 4,912 4,575 4,895 4,842 4,656 4,693 4,830 4,735 4,990 From settlements reached in period .................................................................. Deferred from settlements reached in earlier period............................................ From cost-of-living clauses............................................ Number of workers receiving no adjustments (in thousands) ......................................................... 1The total number of workers who received adjustments does not equal the sum of workers that received each type of adjustment, because some workers received more than one type of adjustment during the period. 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis p = preliminary. WORK STOPPAGE DATA s t o p p a g e s include all known strikes or lockouts involving 1,000 workers or more and lasting a full shift or longer. Data are based largely on newspaper accounts and cover all workers idle one shift or more in establishments directly involved in a stoppage. They do not measure the indirect or secondary effect on other establishments whose employees are idle owing to material or service shortages. W ork 38. Estimates of days idle as a percent of estimated working time measure only the impact of larger strikes (1,000 workers or more). Formerly, these estimates measured the impact of strikes involving 6 workers or more; that is, the impact of virtually all strikes. Due to budget stringencies, collection of data on strikes involving fewer than 1,000 workers was discontinued with the December 1981 data. W o rk stoppages involving 1,000 w orkers or m ore, 1947 to date N u m b e r o f s to p p a g e s M o n th a n d y e a r 1947 1948 1949 1950 W o r k e r s in v o lv e d B e g in n in g in In e ffe c t m o n th o r y e a r d u r in g m o n th D a y s id le B e g in n in g in In e ffe c t m o n th o r y e a r d u r in g m o n th ( in th o u s a n d s ) ( in t h o u s a n d s ) N um ber ( in t h o u s a n d s ) P e rc e n t of e s t im a t e d w o r k in g t im e ........................................................................................... .......................................................................................... ........................................................................................... ........................................................................................... 270 245 262 424 1 629 1 435 2 537 1 698 25 720 2fi 127 43 420 30 390 1951........................................................................................... 1952 ........................................................................................... 1953 ........................................................................................... 1954 ........................................................................................... 1955 ........................................................................................... 415 470 437 265 363 1 462 2 746 1 623 1 075 2 055 15 070 48 820 18 130 1fi 830 21 180 1956 1957 1958 1959 1960 .......................................................................................... ........................................................................................... .......................................................................................... .......................................................................................... .......................................................................................... 287 279 332 245 222 1 370 887 1,587 1 381 896 26 840 10 340 17 900 60 850 13 260 1961.......................................................................................... 1962 .......................................................................................... 1963 .......................................................................................... 1964 .......................................................................................... 1965 .......................................................................................... 195 211 181 246 268 1,031 793 512 1 183 999 10 140 11 760 10 020 16 220 15 140 1966 1967 1968 1969 1970 .......................................................................................... .......................................................................................... .......................................................................................... .......................................................................................... .......................................................................................... 321 381 392 412 381 1 300 2 192 1,855 1,576 2,468 16 000 31 320 29 397 52 761 16 29 1971.......................................................................................... 1972 .......................................................................................... 1973 .......................................................................................... 1974 .......................................................................................... 1975 .......................................................................................... 298 250 317 424 235 2,516 975 1 400 1,796 965 35 538 16 764 16 260 31 809 17 563 19 09 08 16 09 1976 1977 1978 1979 1980 ........................................................................................... ........................................................................................... ........................................................................................... ........................................................................................... ........................................................................................... 231 298 219 235 187 1,519 1,212 1,006 1 021 795 23 962 21 258 23 774 20 409 20 844 12 10 11 09 09 1981........................................................................................... 1982 .......................................................................................... 1983 .......................................................................................... 145 96 81 729 656 909 16 908 9 061 17 461 07 04 08 26 20 13 09 07 07 10 1983 January .................................................................. February.................................................................. M arch .................................................................... A p ril....................................................................... May ....................................................................... Ju n e ....................................................................... July ....................................................................... 1 5 5 2 12 16 10 3 7 10 9 17 25 23 1.6 14.0 10.5 2.8 24.9 63.3 64.5 38.0 50.4 54.9 52.4 34.2 81.2 99 8 794.8 844.4 1,131.5 789.5 488.5 689.1 1,270.1 .04 .05 .05 .04 .03 .03 .07 1984P January .................................................................. February .................................................................. M arch.................................................................... A p ril....................................................................... May ....................................................................... Ju n e ....................................................................... July ....................................................................... 6 2 2 7 5 5 7 12 12 9 13 15 14 19 28.9 8.7 3.0 28.5 8.1 23.7 65.0 43.0 37.2 14.6 38.1 39.2 45.7 100.7 507.3 365.5 284.2 651.0 581.2 754.8 1,211.3 .03 .02 .01 .03 .03 .04 .06 p = preliminary https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 91 Published by BLS in August S A LE S P U B L IC A T IO N S P eriodicals BLS B ulletins CPI Detailed Report. June issue provides a com prehensive report on price m ovem ents for the m onth, statistical tables, charts, and technical notes. 107 p p ., $4 ($25 per year). Em ploym ent and W ages, Annual Averages 1982. Bulletin 2215, 525 p p ., $14 (GPO Stock N o. 029-001-02819-9). Presents com plete count o f em ploym ent and wages for workers covered by unem ploym ent insurance programs during 1982. BLS com piles the data on a national basis, by State, and by industry. Coverage extends to the District o f Colum bia, Puerto R ico, and the Virgin Islands. O ccupational Projections and Training D ata, 1984 Edition. Bulletin 2206, 115 p p ., $4 (GPO Stock N o . 029-001-02804-1). This supplem ent to the O ccupational O utlook H andbook pro vides detailed com prehensive statistics on current and projected occupational em ployment; replacement needs, education, and training program com pletions; and a variety o f other data. Our Changing Econom y: A BLS Centennial C hartbook. Bulletin 2211, 56 p p ., $2.75 (GPO Stock N o. 029-001-02818-1). This chartbook celebrates 100 years o f BLS statistics. Som e charts reveal the long continuity o f the Bureau’s series; others show the agency’s response to recent demands for data on new or emerging econom ic phenom ena. The booklet also gives a graphic picture o f som e o f the changes in the American econom y during the past century. W ork Experience o f the P opulation in 1981-82. Bulletin 2199, 67 p p ., $3 (GPO Stock N o. 029-001-02817-2). Discusses the extent and duration o f joblessness during 1982, its effect on family incom e, and the incidence o f poverty. Em ploym ent and Earnings. August issue covers em ploym ent and unem ploym ent developm ents in July, plus regular statistical tables on national, State, and area em ploym ent, unem ploym ent, hours, and earnings. 142 p p ., $4.50 ($31 per year). Supplem ent to Em ploym ent and Earnings. July 1984, 386 p p ., $8 (GPO Stock N o . 029-001-72469-1). Included with subscription to Em ploym ent and Earnings. Presents revised detailed industry statistics on the N ation ’s nonagricultural workers adjusted to March 1983 benchmarks. Producer Prices and Price Indexes. June issues include a com prehensive report on price m ovem ents for the m onth, plus regular tables and technical notes. 148 p p ., $4.25 ($29 per year). FR EE P U B L IC A T IO N S Current BLS Publications. 16 pp. Catalog o f BLS publications in print. Includes ordering inform ation. A rea W a g e S u m m aries A lpena— Standish— Tawas City, M ich., July 1984. 3 pp. Charleston— North Charleston— W alterboro, S .C ., July 1984. 3 pp. C heyenne, W yo., June 1984. 3 pp. Sandusky, O hio, June 1984. 6 pp. A rea W a g e Survey B ulletins BLS R eports These bulletins cover o ffice, professional, technical, m aintenance, custodial, and material m ovem ent occupations in major m etropolitan areas. The annual series o f 70 is available by subscription for $88 per year. Individual area bulletins are also available separately. The follow ing were published in August: Em ploym ent in Perspective: M inority W orkers, Second Quarter 1984. Report 712, 4 pp. Focuses on labor market developm ents am ong blacks and whites during the current recovery. Cincinnati, O hio— Kentucky— Indiana, M etropolitan Area, July 1984. 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