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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .# . . . U.S. DEPARTMENT OF LABOR William E. Brock, Secretary Regional Commissioners for Bureau of Labor Statistics Janet L. Norwood, Commissioner Region I—Boston: Anthony J. Ferrara Kennedy Federal Building, Suite 1603 Boston, MA 02203 Phone: (617) 565-2331 Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont The Monthly Labor Review is published by the Bureau of Labor Statistics of the U.S. Department of Labor. Communications on editorial matters should be addressed to the Editor-in-Chief, Monthly Labor Review, Bureau of Labor Statistics, Washington, DC 20212. Phone: (202) 523-1327. Region II—New York: Samuel M. Ehrenhalt 1515 Broadway, Suite 3400, New York, NY 10036 Phone: (212) 944-3121 New Jersey New York Puerto Rico Virgin Islands BUREAU OF LABOR STATISTICS Subscription price per year—$16 domestic; $20 foreign. Single copy $4.75 domestic; $5.94 foreign. 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Cruse 1371 Peachtree Street, N.E., Atlanta, GA 30367 Phone: (404) 347-4418 Alabama Florida Georgia Kentucky Mississippi North Carolina South Carolina Tennessee Region V—Chicago: Lois L. Orr 9th Floor, Federal Office Building, 230 S. Dearborn Street Chicago, IL 60604 Phone: (312) 353-1880 Illinois Indiana Michigan Minnesota Ohio Wisconsin Region VI—Dallas: Bryan Richey Federal Building, Room 221 525 Griffin Street, Dallas, TX 75202 Phone: (214) 767-6971 Arkansas Louisiana New Mexico Oklahoma Texas September cover: Rush Hour, a 1983 bronze sculpture, by George Segal, from the collection of Mr. and Mrs. Raymond D. Nasher, Photograph (by Lee Clockman, Dallas Museum of Art), courtesy National Gallery of Art, Washington, D.C. Cover design by Melvin B. Moxley https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Regions VII and VIII—Kansas City: Gunnar Engen 911 Walnut Street, Kansas City, MO 64106 Phone: (816) 374-2481 VII Iowa Kansas Missouri Nebraska VIII Colorado Montana North Dakota South Dakota Utah Wyoming Regions IX and X—San Francisco: Sam M. Hirabayashi 450 Golden Gate Avenue, Box 36017 San Francisco, CA 94102 Phone: (415) 556-4678 IX American Samoa Arizona California Guam Hawaii Nevada Trust Territory of the Pacific Islands X Alaska Idaho Oregon Washington RESEARCH LIBRARY MONTHLY LABOR REVIEW SEPTEMBER 1987 VOLUME 110, NUMBER 9 Federal Reserve Bank of St. Louis Henry Lowenstern, Editor-in-Chief Robert W. Fisher, Executive Editor O C T 2 0 1987 PROJECTIONS 2000 Ronald E Kutscher 3 Overview and implications of the projections to 2000 Bureau of Labor Statistics moderate projections show 21 million new jobs over the 1986-2000 period, the preponderance in service-producing industries Norman C. Saunders 10 Economic projections to the year 2000 Real gross national product growth reflects improved foreign trade deficit, higher productivity, and continued shift to service-oriented economy Howard N Fullerton, Jr. 19 Labor force projections: 1986 to 2000 The labor force is projected to total 139 million persons in 2000, which represents a slowdown in the rate of growth after 1986 Valerie A Personick 30 Industry output and employment through the end of the century Service-producing industries add more than 20 million jobs; manufacturing employment declines, but factory output holds steady G.T. Silvestri, J.M. Lukasiewicz https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46 A look at occupational employment trends to the year 2000 From 1986 to 2000, the number of workers in occupations requiring the most education and training is projected to grow faster than the average for all occupations OTHER ARTICLES Wayne J. Howe 64 Strong employment growth highlights first half of 1987 With employment gains exceeding the expansion of the labor force, the level and rate of unemployment showed marked improvement DEPARTMENTS 2 70 71 75 77 Labor month in review Major agreements expiring next month Developments in industrial relations Book reviews Current labor statistics Labor M onth In Review SURVEY PLANNING. The Bureau of Labor Statistics responded to a congres sional request that BLS plan a new broad-based survey of white-collar pay and benefits. Here are highlights from the plan submitted to Congress on August 13: Broad coverage. The Bureau plans to develop the new survey by expanding and integrating three of its ongoing pro grams: The National Survey of Profes sional, Administrative, Technical, and Clerical Pay; the Employee Benefits Survey; and the Employment Cost In dex. Each will be substantially modified for this endeavor. Implementation of the new survey will take 5 years, and will use annual resource levels supported in the fiscal year 1987 BLS budget. When operational, the survey will provide data annually on white-collar compensation, including employer costs for salaries and employee benefits. In addition, the survey will provide descriptions of employee benefit plans and pay data for narrowly defined oc cupations in which workers are classi fied further by skill level. In its broadest context, the survey will cover white-collar employees in private nonfarm industries and State and local governments. Samples will represent the United States as a whole, and collection will be carried out in all sizes of establishments except for nar rowly defined occupational data. The survey’s design limits data collection for narrowly defined occupations, such as accountants, computer programmers, and engineers, to establishments with 50 employees or more to conserve resources. To further conserve resources, the Bureau has planned por tions of the survey work with alternateyear collection cycles. Digitized for 2 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Two-year collection cycles will be used for surveying employee benefit provisions and salaries of detailed occupations. For benefit provisions, medium and large private industry firms will be surveyed in odd-numbered years and small private firms and State and lo cal governments in even-numbered years. Each year’s product will be pub lished separately and also will be com bined with the previous year’s results for an overall account of employee benefits reported during the 2-year span. For salary data on narrowly defined occupations, the collection cycle will be for private goods-producing industries and State and local governments in even-numbered years, and for private services-producing industries in oddnumbered years. The Employment Cost Index will be used to update the salary information of the unsurveyed compo nent each year to provide a complete picture of both years’ efforts. The new program will use probability sampling for both establishments and occupations, thus ensuring objectivity of the survey results. The design, however, will ensure that occupations required for the Federal pay compara bility process will be taken into account. The National Survey of Professional, Administrative, Technical, and Cleri cal Pay will continue to meet current Federal pay comparability requirements through 1989. Beginning in 1990, detailed occupational data from the new program will be available. This 2~year period will allow policymakers time to ensure that outputs from the new sur vey meet the needs of the Federal pay comparability process. of the President’s Pay Agent under the comparability process (Office of Management and Budget, Office of Per sonnel Management, and the Depart ment of Labor), the Advisory Committee on Federal Pay, congres sional committees, Congressional Research Service, Congressional Budget Office, General Accounting Office, and others. In addition, discus sions were held with about 300 representatives of business and labor or ganizations, State and local govern ments, and academia. As part of its research for the new survey, the Bureau also began field tests involving pay and employee benefit practices in industries, occupations, and small establishments not included in the Bureau’s current white-collar pay survey. The tests introduced new statistical techniques for selection of occupations to be surveyed, collection of data us ing broad occupational descriptions, and classification of professional and managerial jobs into generic work levels, such as trainee, fully qualified, and first-level supervisor. Pay practices for such occupations as primary and secondary schoolteachers, university professors, and sales workers—ranging from salesclerks to stock and bond brokers—were documented. Finally, research and analysis neces sary to prepare cost level estimates of pay and benefits from Employment Cost Index data were completed. The cost levels, which will be published in October 1987, will provide a preview of outputs from the proposed WhiteCollar Pay and Benefits Survey. Field tests. To prepare the report, BLS contacted data users in the Federal Government, including representatives The report to Congress was prepared by the Bureau’s Office of Wages and Industrial Relations. □ Projections 2000 Overview and implications of the projections to 2000 Bureau o f Labor Statistics moderate projections show 21 million new jobs over the 1986-2000 period, mostly in service-producing industries; the black and Hispanic labor force is estimated to increase much faster than that o f whites Ronald E. K u t sc h er The Bureau of Labor Statistics has prepared projections of the U.S. economy to 2000. Three alternative projections were developed, based on a range of assumptions which result in high, moderate, and low rates of economic growth. The projections encompass the future demographic structure of the labor force, economic rate of growth and composition of demand, and industrial and occupational composition of employment. The Bureau prepares projections biennially; this latest outlook replaces the projections to 1995, pub lished in 1985.1 This article summarizes the moderate projections of the labor force, economic growth, and indus try and occupational employment, and discusses some important implications of the projections. The four articles that follow present the projections in considerably more detail. Labor force overview According to the moderate growth projections, the labor force is expected to expand by nearly 21 million, or 18 percent, over the 1986-2000 period. This represents a slow down in both the number to be added to the labor force and in the rate of growth achieved in the previous 14-year peRonald E. Kutscher is Associate Commissioner, Office of Economic Growth and Employment Projections, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis riod, 1972 to 1986, when the labor force increased by al most 31 million, or 35 percent. The projected growth also represents a slowing from the more recent 1979-86 period. Consequently, the projected slower growth is a continuation of a trend that started in the late 1970’s. The rapid increases in the past were the result of the very large baby-boom generation (those bom between 1946 and 1964) entering the labor force, accompanied by rapid increases in women’s labor force participation rates. The recent slowdown and that projected for the remainder of the century reflect the entry of the smaller numbers from the “birth dearth” gener ation (those born over the 1965-78 period) along with the slower rate of projected growth in the participation rates of women. (See table 1.) Not only is the labor force expected to continued to slow its rate of increase over the 1986-2000 period, but it is projected to become increasingly minority and female. For example, the white labor force is projected to increase less than 15 percent, while the black labor force is expected to grow by nearly 29 percent, or 3.7 million workers, more than 17 percent of the projected total labor force increase. The Hispanic labor force is projected to grow by about 6 million, or more than 74 percent, and to account for nearly 29 percent of labor force growth over this period. The Asian and other races group (American Indians, Alaskan Natives, 3 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Overview and Implications Asians, and Pacific Islanders) is projected to grow by nearly 2.4 million, or 70 percent, and account for more than 11 percent of labor force growth. Blacks, Hispanics, and Asians and other races are projected to account for 57 per cent of labor force growth; if non-Hispanic white women are included, the combined share of future growth reaches more than 90 percent. Women are projected to account for 64 percent of the net increase in the labor force— slightly more than their share of the 1972-86 labor force growth. Consequently, by 2000, women are expected to make up more than 47 percent of the labor force, up from 39 percent in 1972 and 45 percent in 1986. The age composition of the projected work force is ex pected to continue some of the current trends at least through the mid-1990’s, after which a number of these trends will begin to reverse— some sharply. After the very large babyboom generation was born, a period of significantly lower numbers of births prevailed until the late 1970’s. From 1978 to the present, births increased (even though the birth rate was stable or declining) as women of the baby-boom gener ation began having children. As a result of the fewer births during the 1965-78 period, the number of 16-year-olds in the population as well as in the labor force began a decline in 1976, which is expected to continue until about 1992. The number of 17-year-olds began a decline in about 1977 which is expected to continue until about 1993. Each group 1 year older is expected to follow the same pattern, but 1 year later— for example, the number of 18-year-olds is expected to continue to decline until about 1994. The differing birth cohorts moving into older age groups have two important consequences for the age composition of the labor force. (1) By the year 2000, the share of the labor force age 16 to 34 and over age 55 is projected to decline, and the share of 35- to 54-year-olds is expected to increase. (2) For some age groups in the labor force, sharp changes are expected to take place during the 1986-2000 period. For example, the number of • 16- to 24-year-olds is projected to decline until the mid1990’s, then reverse and begin to increase; • 25- to 34-year-olds is projected to increase through the early 1990’s, then show a very sharp decline; and • 55- to 64-year-olds is projected to decline through the mid-1990’s, then increase very rapidly. Economic growth and structural changes According to the moderate projections, the rate of eco nomic growth, as measured by real gnp, is expected to increase by 40 percent, or 2.4 percent a year over the 1986— 2000 period. This is only slightly less than the 2.5-percent annual growth rate over the 1972-86 period, but slightly more than the 2.0 percent achieved over the 1979-86 pe riod, which included two recessions. The rate of economic growth through the year 2000 results from an acceleration 4 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 1. Civilian labor force, by sex, age, race, and Hispanic origin, 1972-86, and moderate growth projections 2000 [Numbers in thousands] Actual Group 1972 1979 1986 Total, 16 and o ld e r.. 87,037 104,960 117,837 Projected, Change, 2000 1986-2000 Growth rate, 1986-2000 138,775 20,938 1.2 Men, 16 and older ........ 16 to 2 4 ..................... 25 to 5 4 ..................... 55 and o ld e r............... 53,556 11,243 33,133 9,180 60,727 13,645 37,926 9.156 65,423 12,251 44,406 8,766 73,136 11,506 53,024 8,606 7,713 -745 8,618 -160 .8 -.4 1.3 -.1 Women, 16 and older. . . 16 to 2 4 ..................... 25 to 5 4 ..................... 55 and o ld e r............... 33,481 8,943 19,192 5,346 44,233 11,760 26,594 5,879 52,414 11,117 35,159 6,138 65,639 11,125 47,756 6,758 13,225 8 12,597 620 1.6 .0 2.2 .7 White, 16 and older . . . . Black, 16 and older . . . . Other, 16 and older1 . . . Hispanic origin, 16 and older................. 77,275 8,748 91,922 101,801 10,665 12,684 3,352 2,373 116,701 16,334 5,740 14,900 3,650 2,388 1.0 1.8 3.9 8,076 14,086 6,010 4.1 - - 5,215 1 1ncludes American Indians, Alaskan Natives, Asians, and Pacific Islanders. Note: Detail for race and Hispanic groups may not add to total because Hispanics are included in both the white and black population groups. Dash indicates data not available. Source: Historical data are from the Current Population Survey. projected for productivity, even as the rate of labor force growth is projected to slow. Many factors account for the faster productivity growth incorporated in these projections: a more mature, educated, and experienced labor force; greater stability in projected energy prices over the 1986— 2000 period than prevailed in the 1972-86 period; and more favorable growth in the projected capital-labor ratio, in par ticular, a slowing of labor force growth and a somewhat larger increase in the share of investment in producers’ durable equipment. Changes also are projected in demand structure of gnp over the 1986-2000 period. Among the most important are: • Stabilization of the share of consumer durables, which increased considerably during the 1972-86 period. • A modest increase in the share of gnp allocated to produc ers’ durable equipment. • An increase in the export share of gnp, a reversal from the trend of the 1979-86 period. • No change in the import share of gnp, even though the import share of gnp increased nearly 5 percentage points over the 1972-86 period. • A decline in the share of gnp devoted to defense expendi tures— a reversal of the 1979-86 trend. • An increase in the growth rate of State and local govern ment spending, larger than the rate over the 1979-86 period, but not enough to halt the declining share of gnp allocated to spending by States and localities. On the income side of gnp, the projections show a rela tively constant share going to disposable personal income. Real disposable personal income per capita is projected to grow 1.6 percent per year, about the same as in the 1972-86 period, but more than the 1.3-percent a year gain over the 1979-86 period. The greater growth rate reflects primarily the projected faster rate of productivity growth. Table 2. Employment by major sector, 1972, 1986, and projected to 2000 low, moderate, and high alternatives [In thousands] Employment changes Of the 21 million new jobs projected for the 1986-2000 period, 20.1 million are expected to be nonagricultural wage and salary jobs, and 1.7 million nonagricultural selfemployed and unpaid family jobs. These gains are expected to be offset slightly by a decline in agricultural employment. The projected employment increase— more than 19 percent between 1986 and 2000, or 1.3 percent a year— represents a slowing of employment growth, reflecting, in large part, slower labor force growth. In terms of absolute growth, nonagricultural wage and salary workers increased by nearly 26 million over the 1972 to 1986 period, an expansion of almost 35 percent, or 2.2 percent a year. The projected slow down in employment growth is not quite so dramatic when compared to the more recent 1979-86 period in which nona gricultural wage and salary jobs grew 1.5 percent a year. By industry. Goods-producing industries are projected to experience almost no change in employment over the 1986— 2000 period. Service-producing industries, therefore, will account for nearly all of the projected growth. Among major groups in the goods-producing industry, the projections show increasing employment only in construction— nearly 900,000 jobs. (See table 2.) Although agriculture is pro jected to increase its wage and salary jobs, that increase is expected to be more than offset by declines among the self-employed, so that total agriculture is projected to de cline by more than 300,000 jobs. Manufacturing employment is projected to decline by more than 800,000 jobs over the 1986-2000 period. De clines are projected even though output is expected to in crease 2.3 percent a year. However, productivity in manu facturing is projected to grow even faster. Large job growth is projected for both wholesale and retail trade; more than 1.5 million wage and salary jobs are expected in wholesale trade and almost 4.9 million in retail trade. This is consistent with the long-term trend of this industry growing the same or slightly faster than the economy. The finance, insurance, and real estate industry also is projected to add more than 1.6 million jobs. However, this represents a considerable slowing in this sector when compared with the nearly 2.4 million jobs added over the previous 14 years. The service industries will expand by more than 10 million jobs, with health care services and business services important contrib utors as they continue to produce new services that greatly add to their overall demand and employment growth. Gov ernment is expected to expand by about 1.6 million jobs— nearly all at the State and local level. Although manufacturing employment as a whole is pro jected to decline through 2000, many of its industries are projected to grow, quite rapidly in some cases. It is impor tant to note that in 2000, manufacturing is projected to https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Projected, 2000 Industry 1972 1986 Low Moderate High Total ........................................... 84,549 111,623 126,432 133,030 137,533 Nonfarm wage and salary1. . . . Goods-producing................. M ining.............................. Construction ................... Manufacturing ................. 73,514 23,668 628 3,889 19,151 99,044 24,681 783 4,904 18,994 113,554 23,148 672 5,643 16,833 119,156 24,678 724 5,794 18,160 123,013 25,906 779 6,077 19,050 Service-producing1 ............. Transportation and public u tilitie s............... Wholesale trad e............... Retail trade ..................... Finance, insurance, and real estate ................... Services1 ......................... Government..................... 49,846 74,363 90,406 94,478 97,107 4,541 4,113 11,835 5,244 5,735 17,845 5,410 7,015 21,795 5,719 7,266 22,702 5,903 7,361 23,079 3,907 12,117 13,333 6,297 22,531 16,711 7,508 30,778 17,900 7,917 32,545 18,329 8,159 33,708 18,897 Agriculture .............................. Private households................. Nonfarm self-employed and unpaid family workers . . . . 3,523 1,693 3,252 1,241 2,784 1,122 2,917 1,215 3,009 1,234 5,819 8,086 8,972 9,742 10,277 1 Excludes sic 074, 5, 8 (agricultural services), and 99 (nonclassifiable establishments); therefore data are not directly comparable with those from the Current Employment Survey. provide more than 18 million wage and salary jobs, or 15.2 percent of all wage and salary employment. Generally, manufacturing industries that are expected to experience employment declines are those that have been declining for years, such as basic steel, leather goods, shoes, tobacco, some of the textile and most of the basic metal processing industries, and many of the food processing industries. Em ployment gains are expected among printing and publishing, drugs and pharmaceutical products, computers, plastic products, and instruments industries. Some occupations within manufacturing are projected to grow, even as the overall employment in manufacturing industries declines. For example, the engineering and related occupations are projected to increase by more than 165,000 jobs and man agerial jobs, by 85,000. By occupation. Five occupational groups are projected to experience faster than average employment growth over the 1986-2000 period— technicians, service workers, profes sional workers, sales workers, and executive and managerial employees. (See table 3.) Only two groups— farming, forestry, and fishing workers and private household work ers— are expected to have absolute declines. Three broad occupational groups are expected to experience belowaverage growth: precision production, craft, and repair workers; administrative support workers, including clerical; and operators, fabricators, and laborers. When employment by major occupational group is dis tributed in 1986 and 2000 by the most prevalent 1986 edu cational level, the projections show a growth in the share of jobs requiring most workers to have at least 1 year of col lege. The share of jobs requiring high school completion as the predominant educational level declines slightly. How5 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Overview and Implications ever, there is a sharper decline in the share of jobs where less than a high school education is currently the most prevalent educational requirement. If projected employment growth by major occupational group is compared with jobs currently held by blacks and Hispanics, a disparity is shown— neither group is well rep resented in the fast-growing occupations and both groups are overrepresented in the slow-growing or declining occu pations. When a similar analysis is done for women, a disparity also is shown, although it is not nearly as great as that for blacks and Hispanics. Still, women are not well represented in some fast-growing occupations such as natu ral scientists and the architectural occupations. High and low projections The high and low alternatives show a relatively broad band around the moderate alternative. The annual growth rate of real gnp ranges from 1.6 percent in the low alterna tive to 3.0 percent in the high. For the labor force, the difference between the low and high is nearly 6.6 million workers in 2000. The unemployment rate in 2000 is 7.7 percent in the low alternative, 6 percent in the moderate, and 4.5 percent in the high. In 2000, the low alternative has a level of employment 6.6 million lower than the moderate level; the high alternative is 4.5 million higher than the moderate. The employment range in 2000 is 11.1 million. Labor force implications A slower growing labor force along with the changes expected in its age, sex, and racial composition has several important implications. For instance, the projected decline of jobseekers age 16 to 19 offers an opportunity for lowering the unemployment rate for a labor force group that histori cally has had a high rate. This is particularly true in light of the projected large employment increases in eating and drinking places, retail sales, and many service industries which typically employ first-time jobseekers. As noted, the share of labor force growth among blacks and Hispanics is also projected to increase. These groups traditionally have had higher unemployment rates than those for whites, which may make the lowering of the overall unemployment rate more difficult. This follows unless, of course, past problems of jobs for minorities can be dealt with, including educa tional requirements and geographic location of jobs. Other important implications are drawn from the changes expected for the 20 to 24 age group, whose number is expected to continue to decline until the late 1990’s. In addition to employers who are looking for first-time job seekers, many others who have a primary interest in this age group— for example, community and 4-year colleges and the military— will see the population from which they pri marily seek students and recruits shrink throughout most of the 1986-2000 period. Also, producers of goods and serv ices primarily targeted at 16- to 24-year-olds, from special ized magazines, cassette tapes, and clothing to motorcycles 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 3. Employment by broad occupational group, 1986 and moderate growth projections 2000 [Numbers in thousands] Percent change, 1986-2000 1986 Projected, 2000 Total employment ................................................. 111,623 133,030 19.2 Technicians and related support workers........... Service workers, except private household workers............................................................ Salesworkers ..................................................... Executive, administrative, and managerial workers............................................................ Professional workers........................................... Precision production, craft, and repair workers .. Administrative support workers, including clerical ............................................................ Operators, fabricators, and laborers ................. Private household workers ................................ Farming, forestry, and fishing workers............... 3,726 5,151 38.2 16,555 12,606 21,962 16,334 32.7 29.6 10,583 13,538 13,924 13,616 17,192 15,590 28.7 27.0 12.0 19,851 16,300 981 3,556 22,109 16,724 955 3,393 11.4 2.6 -2.7 -4.6 Major occupational group Note: Estimates of 1986 employment, the base year for the 2000 projections, were derived from data collected in the Occupational Employment Statistics Surveys. and compact discs, can expect their market base to continue to decline. Considerable attention already has been focused on a potential shortage of workers. Often, this does not reflect an overall lack of workers, but the declining numbers in the younger age groups. As a result, in a number of instances, employers have turned to other sources of workers, such as immigrants or the recently retired. The implications of the large baby-boom generation have been widely discussed. Less well-known and, consequently, not often discussed is the younger birth dearth group. The maturation of the birth dearth group already has caused a decline, first in the number of 16- to 19-year-olds in the population and in the labor force, and then in 20- to 24-yearolds. In the late 1980’s, that decline will extend to older groups. Other results will likely occur from the decline in these age groups. Because they are beyond the age for first-time jobseekers might mean faster promotions for this age group, as firms compete for a shrinking labor pool of managers or skilled technicians and professionals. How ever, it is important to remember that this group is following on the heels of the very large baby-boom group, and such scarcities may never materialize. Immigrants are projected to account for more than 23 percent of the change in the labor force over the 1986-2000 period. Several important considerations with regard to the large projected immigrant share of labor force growth are: (1) to the extent they are not English-speaking, their integra tion into the work force is considerably more difficult, (2) given the skill shifts which are implied by the occupa tional projections, many immigrants may not possess the job skills which are in high demand in the U.S. economy, and (3) the geographic distribution of immigrants is more con centrated than that for the total labor force and, conse quently, may complicate immigrants’ search for jobs. The growing share of blacks and Hispanics in the pro jected labor force poses two important considerations. First, both groups historically have had higher unemployment rates than those for whites. Thus, the opportunity for a lower unemployment rate with the shrinkage of the youth cohort (with its significantly higher unemployment rates) could be negated if solutions cannot be found for the high unemploy ment among blacks and Hispanics. The second consider ation raised by the faster labor force growth for blacks and Hispanics is the disparity between their current occupation and the projected growth in occupational employment. Pol icymaking will need to focus on ensuring that all youth, particularly minorities, are given sufficient education to ease their entry into the job market and to equip them with the skills needed to advance to better jobs. While education alone is not the solution to all labor market problems, it is clearly important in the solution. Information on future job growth and the education and training necessary for the new jobs are important for all labor force aspirants. The increasingly larger role that women are projected to play in the future labor force raises some of the same consid erations as those noted for blacks and Hispanics. The gap between the male and female unemployment rates has nar rowed— more from an increase in the male rate than from lowering of the female rate. While in the 1960’s and 1970’s, unemployment rates for women were typically 1 to 2 per centage points higher than those for men, that gap has nar rowed in the 1980’s. During the 1984-86 period, female unemployment rates ranged from 0.2 to 0.4 percentage points higher than those for men. However, the occupa tional distribution of jobs still shows some disparities, even though the differences have narrowed over the last decade. An opportunity exists for future improvements, in that an important source of job growth over the 1986-2000 period is professional, technical, and managerial jobs, and women are projected to constitute more than three-fifths of net addi tions to the labor force. Economic implications Several implications can be drawn from the projected overall economic growth and the changes expected in the structure of demand over the 1986-2000 period. The projec tions call for an increase in the rate of productivity growth. It should be noted that the projected productivity growth is more uncertain than the projected labor force growth. Therefore, the economic growth projections can be viewed as having a higher degree of uncertainty. Consequently, users should carefully examine all three projection alterna tives and their implications. For example, the low projection alternative, which has a rate of real gnp growth of 1.6 percent per year over the 1986-2000 period, results from a productivity growth rate consistent with the 1972-86 pro ductivity trend. One very important implication of this pro jected trend is that real disposable income per capita (one measure of well-being in the economy) only increases 0.7 percent per year under this alternative, much slower than the 1.7-percent growth during the 1972-86 period, and less https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis than one-half the rate of increase projected in the moderate alternative. Of course, if a faster rate of productivity in crease should prevail, it would be more favorable for the economy because that is the primary factor leading to gains in living standards of the population. Perhaps the most significant change in trend projected in the composition of demand for the 1986-2000 period is in foreign trade. As a result of changes in exchange rates, exports are projected to increase faster than imports. This is important both to exporting industries as well as other indus tries which have been pressured by the very rapid growth of imports over the last decade, in particular. However, the extent of the slowdown in import growth and the increase in export growth varies considerably among industries. The projections of exports and imports are uncertain, with trends more volatile than most other demand categories because numerous factors in many countries influence trends for U.S. exports and imports. Another difficulty in developing foreign trade projections is the capacity of some U.S. indus tries to recover their export markets once they have been lost— even though a significant turnaround in the value of the dollar has occurred. The projected shifts in the structure of demand result in several other important relationships. The projected lack of any growth of the younger age groups in the population and the resulting modest slowdown in household and family formation will affect expenditure patterns. This is most no ticeable in consumer durables, particularly in automobile purchases and new housing construction. Another impact related to demographic changes in the population is the health care expenditures of older age groups, particularly the expected very rapid growth between now and 2000 in the over age 85 population— projected to increase 3.7 percent annually, compared with 0.8 percent for the overall popula tion. Not only is this older group expected to keep health care expenditures among the most rapidly growing demand categories, but the distribution of health care purchases also is projected to shift toward nursing homes and home health care expenditures. Another important change in trend included in the projec tions is the expected slowing of defense expenditures. Real defense expenditures declined over the 1972-79 period, but then reversed over the 1979-86 period and have shown an appreciable increase of 6.2 percent a year. In these projec tions, defense spending is projected to slow in the late 1980’s, and then gradually decline in the 1990’s such that by 2000, the level of real defense expenditures is projected to return to near the 1986 level. These projected trends are particularly important to industries such as aircraft, mis siles, ships, and electronics which sell a high proportion of their output to the U.S. Department of Defense. Industry employment impact Employment is projected to grow, albeit slower than it has in the past. Most of the growth is expected among 7 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Overview and Implications service-producing industries. Further employment declines are projected for many industries including agriculture, many mining industries, a significant number of manufac turing industries, and a few service industries. Conse quently, workers are expected to continue to be displaced. Further, because of the geographic concentration of many of the declining industries, some localities will be hard hit from these displacements. Although some displaced workers may obtain related jobs and maintain their standard of living, others may require further training or education, or both, or may have to relocate geographically to do so. Some of those displaced from their jobs, of course, may not find similar employment, given the occupational shifts that are projected to occur between now and 2000, particu larly if they lack the education and training required for the emerging jobs. Jobs for displaced workers are a problem for which an easy solution has not been found. Although much occupational mobility exists in this economy, it is concen trated primarily among the young. Thus, while it is impor tant that entry level workers be provided with as high a level of education as possible, this helps little in finding the best mechanism for providing the right mix of education and training needed for displaced workers, particularly if those displaced are over age 40 and have relatively low educa tional attainment.2 High tech employment in manufacturing is projected to slow from the above-average growth of the past decade, as these industries mature and as several of them continue to face stiff competition in foreign markets. The computer manufacturing industry, in particular, accounted for a sig nificant proportion of total high tech employment growth in the 1970’s and early 1980’s, but a projected slowing in this industry’s employment growth is expected to be a major factor in the high tech future for the rest of this century. The expected continuation of employment changes in service-producing industries has several important implica tions. Firms in some of these industries are likely to be small. Because small firms have a higher turnover rate, they may, as a consequence, be less likely to provide a lifetime employment opportunity for workers. Consequently, work ers will need to be prepared through education and training for more frequent changes of employers and occupations. Also, many smaller firms are often less able to provide other benefits, such as health care, that large firms may provide.3 A benefit of the increasing share of employment in the service-producing industries is that the effect of any future business cycle downturn is likely to be moderated because the variability of employment is lower in services than in goods-producing industries such as manufacturing and construction. Another trend is developing that will, in all likelihood, require adjustments in the future. As the work force declines among the younger age groups and as women increasingly seek full-time work, a conflict emerges between industries which traditionally demand a large number of part-time 8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis workers and the economy’s ability to supply those workers. This conflict could be resolved by these industries moving back to providing a larger share of full-time jobs, expanding self-service stores, or drawing older workers into the work force. If these changes do not occur, one consequence could be that some seekers of full-time work might be able to find only part-time employment. Another likely implication is a slowing, or possibly even a reversal, in the decline of aver age hours of work, because the share of part-time employ ment was the primary factor behind past declines in average hours. Occupational employment implications Shifts in industry employment and changes in the staffing patterns of industries are expected to affect the occupational structure of employment. Generally, occupations in which current participants have the most education are projected to have the most rapid growth rates, even if their relative growth is slower. Jobs are expected to continue to be avail able for those with only a high school education. However, persons with less than a high school education will find it more difficult to find a job— particularly a job with good pay and chances for advancement— than those with more education. Those with less education will continue to have more labor market problems and less opportunity for ad vancement because they frequently do not have the educa tion or training needed to adapt to the continuing changes in employment resulting from technology advances and changes in the structure of demand, and to the employment displacement which may follow these changes. The fact that large numbers continue to drop out of high school clearly signals that an important problem remains.4 As pointed out earlier, blacks and Hispanics are disproportionately repre sented among those with less education and are projected to account for an increasing share of workers. Given this trend, the recent data on declining college enrollment of blacks are unfortunate.5 Despite the faster than average employment growth for occupations requiring at least a bachelor’s degree, the sur plus of college graduates that began in the early 1970’s is expected to continue through the end of the century. How ever, the balance between supply and demand for new col lege graduates is expected to narrow considerably as we enter the 1990’s, partly because of the decline of college graduates stemming from the shrinkage in college-age population.6 Occupations that are generally filled by young workers, such as food service, retail sales, and construction labor, are projected to continue to generate many jobs and, as dis cussed earlier, the declining number of young workers could offer the opportunity to improve the youth labor market situation. At the same time, given the expected sharp de cline in the number of youths, it could also provide employ ment opportunities for others not often employed in those jobs, such as those recently retired who desire some work. Further, this also could offer the opportunity to increase the labor market participation of some groups such as black men who currently have much lower labor force participation rates than do white men of the same age. Women and blacks traditionally have been highly concen trated in certain occupations. Although some improvements have occurred in the past decade in changing this occupa tional segregation, the future offers a chance for further improvement because employment growth is projected to be most rapid in occupations not traditionallly filled by Hispanics, blacks, and, to some extent, women— and labor force growth will be predominantly from these groups. 1 For the last report on the 1995 projections, see the following articles in the November 1985 Monthly Labor Review. Betty W. Su, “The economic outlook to 1995: new assumptions and projections,” pp. 3-16; Howard N Fullerton, Jr., “The 1995 labor force: b l s ’ latest projections,” pp. 17-25; Valerie A. Personick, “A second look at industry output and employment trends through 1995,” pp. 26-41; and George T. Silvestri and John Lukasiewicz, “Occupational employment projections: the 1985-95 out look,” pp. 4 2 -5 7 . W. Horvath, “The pulse of economic change: displaced workers o f 198185,” pp. 3-12; and Sharon P. Brown, “How often do workers receive advance notice of layoffs?” pp. 13-17. 2 See Displaced Workers, 1979-83, Bulletin 2240 (Bureau of Labor Statistics, July 1985). For results of 1986 surveys on displaced workers, see the following articles in the June 1987 Monthly Labor Review: Francis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 See Employee Benefit Research Institute’s tabulations o f the May 1983 Current Population Survey. 4 Elementary and Secondary Education Indicators in Brief (Office of Educational Research and Improvement, 1987). 5 Elementary and Secondary Education. 6 See Trends in Education, 1975-76 — 1995-96 (U.S. Department of Education, Center for Education Statistics, 1987). Research fellowships The American Statistical Association and the Bureau of Labor Statistics, under a grant from the National Science Foundation, are sponsoring a Senior Research Fellow and Associate Program for 1988-89. The terms of appointment range from 1 semester to 1 year and are part or full time. Research will be conducted at bls in Washington, DC. Fellowship applicants should have a recognized research record and considerable expertise in their area of proposed research. Senior Research Fellows will be selected by a review board consisting of representatives of asa , bls, the American Economic Association, the Committee on National Statistics, and the Social Science Research Council. Associates will assist the Fellows on their projects. Associate applicants should have a Ph.D in an appropriate field or have made significant progress toward the degree (at least 2 years of graduate study). Substantial computer experience will, in most cases, be required of Associates. Associates will be selected by the Senior Research Fellows with the approval of the review board. The program is coordinated by the bls Office of Research and Evalua tion. Current research being conducted by this office includes index num ber theory and measurement, price measurement, cost-of-living and demand studies, survey response error, workers’ compensation, compen sating wage differentials, productivity analysis, relationship of union membership to employment variability, model-based seasonal adjustment, prediction properties of index estimators, measures of central location based on censored data, upper and lower probability inferences for outliers, and variance estimation. For further information, contact Dr. Cathryn Dippo or Dr. Marilyn Manser, Bureau of Labor Statistics, Office of Research and Evaluation, Room 2126, 441 G Street, nw , Washington, DC, 20212; (202) 5231874 or (202) 523-1347. 9 Projections 2000 Economic projections to the year 2000 Real gross national product growth averages 2.4 percent a year, according to moderate projections, reflecting a slowly improving foreign trade decifit, higher productivity, and a continued shift to a more service-oriented economy N orm an C. S aunders The Bureau of Labor Statistics has prepared projections of the U.S. economy to the year 2000, our first look at the remainder of this century. The new projections, with 1986 as the base historical year, update and extend the previously published projections.1 As with earlier projections, three alternatives— termed moderate growth, low growth, and high growth— were estimated. The alternatives are designed to provide a range of estimates with variations in those assump tions to which the aggregate model is the most sensitive. The moderate-growth alternative is characterized by a gross national product ( g n p ) influenced by greater produc tivity increase and slowing labor force growth, a moderately tapering unemployment rate, and a slowly improving for eign trade situation. In comparison, the high-growth model has stronger overall demand, higher inflation, and lower unemployment, but less favorable foreign trade balances; while the low-growth version has deeper recessions, slower productivity growth, declining government spending, and a higher unemployment rate. Projected real g n p growth for the 1986-2000 period ranges between 1.6 percent for the low-growth alternative and 3.0 percent for the high-growth scenario, providing a spread of $1 trillion in the real g n p estimates for 2000. By 2000, under the assumptions used by the Bureau in developing these projections, g n p is expected to range be tween $4.6 trillion and $5.6 trillion (in 1982 dollars), with disposable personal income between $3.2 trillion and $3.9 trillion. The annual employment increase ranges between Norman C. Saunders is an economist in the Office of Economic Growth and Employment Projections, Bureau of Labor Statistics. 10 FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 million persons in the low-growth scenario and 1.6 million persons in the high-growth scenario. The unemployment rate ranges between 4.5 percent in the high projection and 7.7 percent in the low. The following tabulation shows the levels and percent growth rates for selected key economic variables, 1982-86 and projected to 2000:2 Projected, 2000 1972 1986 Low High Moderate C iv ilia n u n e m p lo y m e n t r a t e ........... 5 .6 7 .0 7 .7 6 .0 4 .5 - 1 6 .8 - 2 0 4 .0 -2 8 9 .1 - 8 9 .3 - 4 4 .1 - 4 8 .8 - 1 4 9 .7 - 3 9 .1 - 9 8 .6 - 1 5 0 .2 F ed e r a l d e f ic it ( b illio n s o f cu rren t d o lla r s) . . N e t e x p o r ts (b illio n s o f 1982 d o lla r s) . . Annual growth rate Projected, 2000 R ea l gnp 1972-86 Low Moderate ....................................... 2 .5 1 .6 2 .4 3 .0 im p lic it d e f l a t o r ........... 6 .6 2 .3 3 .4 4 .9 2 .2 1.0 1 .2 1.3 gnp C iv ilia n la b o r fo r c e .............. High E m p lo y m e n t (fr o m h o u s e h o ld s u r v e y ) ......................... 2 .1 .9 1 .2 1.5 R e a l d is p o s a b le p e r so n a l in c o m e .................................... 2 .7 1 .5 2 .4 3 .0 R e a l d is p o s a b le per ca p ita in c o m e .................................... 1 .7 .7 1 .6 1 .9 Projections framework The aggregate economic projections are prepared using the Wharton Long-Term Model of the U.S. Economy as a starting point.3 Many exogenously specified variables must be provided to the model, but analysis has shown that a relatively small number of these assumptions significantly affect long-term projections.4 These variables are summa rized in table 1 and are discussed below. In addition, the projections are generally approached with certain results in mind, such as the level of the unemploy ment rate, the rate of growth of labor productivity, inflation, the presence or absence of a business cycle, and the sectoral distribution of employment. In a change from prior bls projections, a business cycle was assumed for the 1986-2000 projection period. Reviews of past projection efforts have indicated that by assuming steady uninterrupted growth in the economy, growth is overestimated in the more volatile and cyclically sensitive gnp components, in particular, consumer durables, produc ers’ durable equipment, and construction.5 Two recessions are assumed to occur between 1986 and 2000. This should not be read as a prediction of a recession in any specific year; instead, it is a bow to the inevitability of business cycle fluctuations and the effect the cycle has on long-term de mand growth and on the distribution of demand. Second, the unemployment rate in 2000 is assumed to be slightly below current levels. In spite of temporary increases in unemployment induced by the assumed business cycle fluctuations, the moderate scenario has the unemployment rate declining to 6 percent in 2000, down a percentage point from the 1986 rate of 7.0 percent. A third important modification to the model is to impose the industry distribution of production and employment on the aggregate projections at a major sector level to reflect the more detailed analysis carried out at the industry level. The aggregate projections thus provide control values to the industry projections but are, in turn, affected by those projections. Underlying assumptions— moderate scenario Many assumptions must be spelled out in very specific terms to generate an estimate of future growth. The follow ing discussion focuses on the more important assumptions underlying the moderate-growth projections. Fiscal policy. Plans for new defense programs are ex pected to be gradually curtailed in the coming decade. Projects for which appropriations have already been made or planned are expected to keep real defense spending growing through the end of this decade, when it is projected to peak at $268 billion. Thereafter, smooth declines are assumed over the remainder of the projection period, as defense spending drops to $251 billion in 2000, roughly the same level as in 1986. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Real nondefense purchases of goods and services are as sumed to drop to $78.8 billion by 1990, approximately the 1981-82 level of spending. After 1990, growth returns as these purchases increase at a relatively smooth average an nual rate of 2.8 percent over the decade of the 1990’s. The realities of recent large Federal deficits bring a sense of general fiscal conservatism to the assumptions affecting other Federal expenditure categories. No real growth is as sumed during the 1986-95 period for food stamp benefits, military retirement and veterans’ benefits, medicare pay ments, and Social Security benefits. Growth in these cate gories is a combination of inflation adjustment and client population shifts only. After 1995, some resumption of growth in all of these benefits categories is expected— but still only a modest 1 to 2 percent annually. Federal subsidies are assumed to be flat in real terms throughout the period, as are Federal grants-in-aid to State and local governments. On the revenue side, the Tax Simplification Act of 1986 has the initial impact of increasing effective personal tax rates from 10.4 percent in 1986 to 11.2 percent in 1987. Thereafter, as taxpayers make shifts in their tax strategies, the effective rate declines steadily over the entire projection period, reaching 8.9 percent in 2000. The effective corporate tax rate has increased steadily from 27 percent in the late 1970’s to its current level of 37 percent. The rate is assumed to remain at this level through 1990, followed by gradual declines to 26 percent by 2000. The Social Security wage base and combined tax rates are as mandated by the Social Security Act of 1978. State and local government spending increased at an an nual 1.5-percent real rate between 1979 and 1986, less than the 2-percent rate during the 1972-79 period. Slower growth from 1979 to 1986 than from 1972 to 1979 resulted from declining school enrollments and a general trend to ward slower growth in government provided services. This pattern is expected to reverse over the next 14 years in response to several factors. First, the baby-boom generation has been having chil dren. These children, the so-called “echo,” are now begin ning to affect school enrollments, which are already climb ing in the early grades. Elementary school enrollments are expected to peak in 1996 and secondary attendance, around 2000. Over the decade of the 1990’s, demand for educa tional services will increase as a result. However, the echo will not affect postsecondary education until after 2000. Further, it is expected that cutbacks or slower growth in many State-provided services will be tempered in the com ing years. The net effect of these assumptions is to pull real State and local spending up to a 2-percent annual rate of growth, comparable with the 1972-79 period and 0.5 per centage points higher than the growth during the 1979-86 period. Monetary policy. Monetary policy in the moderategrowth projection is best described as accommodative. 11 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Economic Trends Growth of M2 , the broadly defined money supply, has been set to parallel projected growth in nominal gnp so that mon etary policy will not choke growth by being too restrictive, nor re-initiate the inflationary spiral of the 1970’s by being too loose. The velocity of M2 remains roughly constant, in the 1.60 to 1.65 range, throughout the projection period. Both short- and long-term interest rates remain flat in real terms, rising about 1 percentage point over the 14-year horizon of the projections in response to the expected rate of increase in prices. Demographic. The population estimates underlying the aggregate projections are the middle-growth series devel oped by the Bureau of Census.6 These new population pro jections have been developed with higher immigration and slightly lower birth rates than in earlier Census Bureau ef forts. The middle-level civilian labor force projections, de veloped by bls to be consistent with the new Census Bureau population estimates, are incorporated in the moderategrowth aggregate projections.7 Other demographic assumptions, such as the number of households, the number of families, and the number of unrelated individuals, have all been derived from earlier Census Bureau projections, modified by bls to reflect the new population projections. Table 1. Foreign economic activity. World gross domestic prod uct, less that of the United States and centrally-planned economies, is assumed to grow at a real annual rate of 2.6 percent over the 1986-2000 period, paralleling the perform ance of this measure during the 1972-86 period. Some slowdowns are assumed for interim years in response to recessions in the U.S. economy, but the drop in growth is relatively small and easily recovered in the following years. The projections encompass an assumed annual inflation rate of 5 percent for the same world area, slightly less than the 5.7-percent inflation rate during the 1979-86 period and well below the disastrously high 15.3-percent annual infla tion during the 1972-79 period, which was caused primarily by rapid increases in oil prices. In 1981, the exchange value of the dollar began a sharp and steady increase, culminating in 1985 with the U.S. dollar valued almost 64 percent higher than in 1980. As a result, imports became less expensive and flooded the United States while the Nation’s exports, now more expen sive, were choked out of many of their traditional foreign markets. The dollar’s exchange value dropped 22 percent in 1986. It has been assumed that the exchange rate will stabi lize at its 1982 level and remain steady at that level for the remainder of the decade. Major assumptions affecting aggregate economic projections, 1972, 1979, 1986, and projected to 2000 [In billions, unless noted otherwise] Projected, 2000 Item 1972 1979 Item Low Federal Government: Defense purchases, 1982 dollars ............. Nondefense purchases, 1982 dollars ............. Food stamps, 1982 dollars........................ Military retirement, 1982 dollars........................ Medicare, 1982 dollars Social Security, 1982 dollars........................ Other transfers, 1982 dollars........................ Old Age, Survivors, and Disability Insurance taxable income, current dollars........... Old Age, Survivors, and Disability Insurance tax ra te ............. Grants-in-aid, current dollars....................... Subsidies, current dollars....................... Transfers to foreigners, current dollars.......... Interest to foreigners, current dollars........... Projected, 2000 1986 Moderate 185.3 164.3 251.0 222.5 251.0 263.0 60.7 71.9 82.4 97.3 103.4 108.2 6.5 7.7 9.6 10.4 12.2 14.9 29.4 18.5 30.2 37.8 28.1 57.9 28.4 75.2 30.1 83.0 32.1 94.1 116.3 131.3 169.7 209.0 243.4 293.9 39.6 43.6 53.5 55.5 58.6 61.3 10,800 22,900 41,500 89,700 89,700 89,700 9.0 12.3 14.3 15.5 15.5 15.5 37.5 80.5 104.0 143.0 192.1 235.1 7.9 9.2 25.6 20.2 26.1 29.4 2.9 5.2 13.7 14.8 15.2 17.3 2.7 11.1 23.0 49.2 48.7 46.3 State and local government: Education, 1982 dollars........................ Health and welfare, 1982 dollars ............. 146.8 41.8 165.0 67.9 178.7 73.7 195.3 86.3 223.1 103.4 232.5 12 1979 1986 Low Safety, 1982 dollars . . . Other purchases, 1982 dollars ............. Transfer payments, 1982 dollars ............. Dividends, current dollars....................... Net interest, current dollars....................... Demographic (in millions): Number of families . . . . Number of households . Number of unrelated individuals................. Civilian labor force . . . . Armed Forces............... Self-employed persons . Unpaid family workers .. Adjustment fa c to r......... Foreign: World gross domestic product, 1982 dollars....................... World gross domestic product, deflator (1982 = 10 0 )............. Exchange rate of the U.S. dollar................. Crude oil imports, million barrels per d a y ..................... Import oil price, dollars per barrel ................. Moderate High 26.2 31.4 40.5 109.9 108.8 121.6 140.8 163.3 171.1 59.1 73.2 93.4 110.3 117.3 121.5 45.4 54.2 56.8 .3 2.0 6.6 7.3 7.3 7.3 -1.5 -11.8 -26.0 -45.2 -49.6 -57.6 52.1 69.0 59.3 78.8 63.2 88.6 73.1 109.0 73.1 109.0 74.8 111.5 21.4 86.6 2.6 5.4 .5 -.9 24.4 104.9 2.1 6.8 .5 -1.6 32.2 117.9 2.2 7.9 .3 -1.9 40.4 134.5 2.3 8.9 .1 -1.7 40.4 138.8 2.3 9.7 .2 -1.9 40.8 141.1 2.3 10.2 .2 -2.1 5,571.9 6,946.4 7,930.1 9,082.2 11,314.2 12,836.4 29.5 80.0 117.6 203.6 232.6 266.0 132.4 131.9 103.5 97.3 97.3 97.3 3.1 6.5 4.8 6.3 7.6 8.5 5.74 21.67 15.88 43.71 48.40 53.10 108.2 Source: Historical data are from the Bureau of the Census and the Bureau of Economic Analysis, U.S. Department of Commerce: Wharton Econometric Forecasting Associates, Inc.; U.S. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1972 High Department of Energy: and the Bureau of Labor Statistics. Projected data are from the Bureau of Labor Statistics and the Bureau of Census. Energy. Assumptions regarding oil prices, import levels of crude petroleum and natural gas, and domestic produc tion levels of crude petroleum, natural gas, and coal have been set in accordance with projections prepared by the U.S. Department of Energy.8 These projections assume a nomi nal crude oil import price of $48.40 per barrel in 2000. In constant 1986 prices, this translates to a barrel price of $30.90 in 2000, roughly a doubling of real imported oil prices in the next 14 years. General assumptions. It was assumed that there would be no major wars, oil embargoes, other major price shocks, or serious natural catastrophes during the projection period. Moderate growth results Real gnp is projected to increase 2.4 percent a year be tween 1986 and 2000, for a 40-percent increase over the period. This compares to the 2.5-percent growth rate over the 1972-86 period and the 2-percent rate over the 1979-86 period. A summary of demand growth is shown in table 2. A change from historical behavior is reflected in the fact that half of the projected growth in real gnp is attributable to growth in labor productivity and half to growth in employ ment. During the 1972-86 period, only 28 percent of the change in real gnp was contributed by productivity increase. Personal consumption. As in the past, the personal con sumption expenditures (pce) component is projected to grow slightly more rapidly than overall gnp, increasing its share of gnp from 65.8 percent in 1986 to 66.4 percent by 2000. This results largely from cuts in personal taxes over the 1987-90 period, spurring further increases in consumption. Spending for durable goods is projected to account for a fixed share of the consumer budget over the next decade, as purchases of consumer electronics and the specialized furni ture necessary to house the new equipment grow rapidly, offsetting expected slowdowns in auto sales. Consumer spending for autos and parts is projected to grow 0.9 percent a year between 1986 and 2000, down considerably from the 4.6-percent pace over the 1979-86 period. The sluggish expansion is attributed to a slowdown in the growth of the “new driver” population and to the two assumed recessions over the projection horizon. Durable consumption as a whole continues to account for just more than 15 percent of total consumer spending, unchanged from 1986. (See table 3.) Nondurable consumption continues to account for a smaller share of aggregate pce over time. Many nondurable items, such as clothing and food, represent basic necessities of living and, as such, are relatively income inelastic. As family incomes rise beyond certain basic subsistence levels, the increases tend to be spent more on luxury items than on the basic necessities. Nondurables accounted for 38.2 percent of real consump tion in 1979, dropped to a 36.1-percent share by 1986, and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 2. Gross national product by major demand categories, 1972, 1979, 1986, and projected to 2000 [Billions of 1982 dollars] Projected, 2000 Item 1972 1979 1986 Gross national product . Personal consumption . . . Durables....................... Nondurables................. Services....................... Gross private domestic investment ............... Equipment ................... Structures..................... Residential................... Inventory change ........ Exports ............................ Imports ............................ Federal Government . . . . Defense....................... Nondefense ................. State and local government ................. 2,608.5 1,621.9 200.4 665.5 756.0 3,192.4 2,004.4 266.5 766.6 971.2 465.4 167.5 109.5 166.6 21.8 195.2 244.6 246.0 185.3 60.7 Gross national product . Personal consumption . . . Durables....................... Nondurables................. Services........................ Gross private domestic investment ............... Equipment ................... Structures..................... Residential................... Inventory change ........ Exports ............................ Imports ............................ Federal Government . . . . D efense....................... Nondefense ................. State and local government ................. High Low Moderate 3,678.5 2,418.7 368.9 872.4 1,177.4 4,617.5 3,101.2 472.9 1,038.3 1,590.0 5,161.4 3,429.4 527.2 1,116.4 1,785.9 5,552.4 3,659.7 589.0 1,204.6 1,866.1 575.2 258.8 130.6 170.8 15.0 356.8 353.2 236.2 164.3 71.9 659.7 320.3 134.7 193.9 10.8 371.3 521.0 333.4 251.0 82.4 767.8 424.8 146.5 190.9 5.6 516.8 555.9 319.8 222.5 97.3 932.1 504.2 198.8 202.1 27.0 634.5 733.0 354.4 251.0 103.4 1,103.2 560.8 224.6 279.6 38.2 712.0 862.2 371.2 263.0 108.2 324.7 373.0 414.5 467.8 544.0 568.6 100.0 62.2 7.7 25.5 29.0 100.0 62.8 8.3 24.0 30.4 100.0 65.8 10.0 23.7 32.0 100.0 67.2 10.2 22.5 34.4 100.0 66.4 10.2 21.6 34.6 100.0 65.9 10.6 21.7 33.6 17.8 6.4 4.2 6.2 .8 7.5 9.4 9.4 7.1 2.3 18.0 8.1 4.1 5.4 .5 11.2 11.1 7.4 5.2 2.3 17.9 8.7 3.7 5.3 .3 10.1 14.2 9.6 6.8 2.2 16.6 9.2 3.2 4.1 .1 11.2 12.0 6.9 4.8 2.1 18.1 9.8 3.9 3.9 .5 12.3 14.2 6.9 4.9 2.0 19.9 10.1 4.0 5.0 .7 12.8 15.5 6.7 4.7 1.9 12.4 11.7 11.3 10.1 10.5 10.2 Percent distribution Average annual rate of growth (in percent) Gross national product . Personal consumption . . . Durables........................ Nondurables................. Services........................ Gross private domestic investment ............... Equipment ................... Structures..................... Residential................... Inventory change ........ Exports ............................ Imports ............................ Federal Government . . . . Defense........................ Nondefense ................. State and local government ................. 1986-2000 197279 197986 197286 2.9 3.1 4.2 2.0 3.6 2.0 2.7 4.8 1.9 2.8 2.5 2.9 4.5 2.0 3.2 1.6 1.8 1.8 1.2 2.2 2.4 2.5 2.6 1.8 3.0 3.0 3.0 3.4 2.3 3.3 3.1 6.4 2.5 .8 -5.2 9.0 5.4 -.6 -1.7 2.4 2.0 3.1 .4 1.8 -4.6 .6 5.7 5.0 6.2 2.0 2.5 4.7 1.5 1.3 -4.9 4.7 5.5 2.2 2.2 2.2 1.1 2.0 .6 -.1 -5.1 2.4 .5 -.3 -.9 1.2 2.5 3.3 2.8 .4 5.0 3.9 2.5 .4 0 1.6 3.7 4.1 3.7 2.6 9.3 4.8 3.7 .8 .3 2.0 2.0 1.5 1.8 .9 2.0 2.3 Low Moderate High Source: Historical data are from the Bureau of Economic Analysis, U.S. Department of Commerce. Projected data are from the Bureau of Labor Statistics. are projected to account for just 32.6 percent by 2000. All of the major nondurable subcategories decline in share terms except for other nondurables, which include purchases of cleaning products and toiletry articles, drug preparations, paper products, and a long list of other nondurable house hold items. Strong growth in the purchases of cleaning items and drug preparations raise the other nondurables category to a 7 . !-percent share of total pce in 2000, up from a 6.313 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Economic Trends percent share in 1986, and reversing a slowing trend appar ent over the 1970’s and early 1980’s. (See table 3.) Because of slowing growth in auto sales, more efficient engines, and the general energy conservation awareness of the 1980’s, real spending on gasoline and oil is expected to remain virtually unchanged in real terms over the projection horizon. Purchases of consumer services are projected to grow quite strongly over the 1986-2000 period, increasing from 48.7 percent of total consumption in 1986 to 52.1 percent in 2000. Spending for housing, household operation, and transportation will remain a virtually fixed share of con sumption during this period. All of the share growth occurs in health and other consumer services, which covers a range of recreational, social, educational, personal, and profes sional activities. Health services are projected to grow at a real rate of 3.5 percent a year, increasing their share of overall consumption to 10.8 percent in 2000 from 9.5 percent in 1986. This is attributable to both the generally aging population and the expected continued development of new, but increasingly more expensive, medical procedures. Very sharp increases are ex pected in spending for a variety of consumer entertainment— legitimate theater, commercial sporting events, and health clubs and spas, to name a few. Also expected to grow faster than average is personal spending on all types of financial services, as the level of sophistication with which consumers approach money management continues to increase. Investment. Although pce still accounts for the lion’s share of gnp, the moderate projections are also characterized by strong, sustained growth in business fixed investment. Purchases of producers’ durable equipment are expected to increase at an annual real rate of 2.5 percent over the projec tion period, or about $19 billion each year. Although off sharply during both of the assumed reces sionary periods, purchases of producers’ durable equipment are expected to recover strongly from both downturns and to grow more rapidly than overall gnp during the recovery years. Producers’ durable equipment will continue the trend evident in the late 1970’s and early 1980’s in which it accounted for an increasing share of real gnp. This upward shift principally reflects slowing growth in the sector-level user cost of capital. Declining corporate tax rates, lower inflation, and lower long-term interest rates all serve to make the expected stream of services from current invest ment relatively less expensive than during the 1970’s and 1980’s, thus leading to more rapid growth in capital accu mulation over the projection period. Equipment purchases accounted for 8.7 percent of gnp in 1986 and are expected to account for more than 10 percent by 2000. By major consuming sector, the most rapid growth in spending for equipment is projected for durable manufactur ing and communications, both expected to spend at a real rate of 4.5 percent between 1986 and 2000. The slowest growth sectors are transportation (0.8-percent annual Digitized for14 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 3. Durable, nondurable, and services consumption in 1972, 1979, 1986, and projected to 2000 Level (billions of 1982 dollars) Percent distribution Item 1972 1979 Projected, Projected, 1986 1972 1979 1986 2000 2000 Durable consumption . $200.4 $266.5 $368.9 Autos and parts . . . 98.3 119.4 164.0 Household furniture. 70.2 97.1 140.3 Other durables . . . . 31.8 50.1 64.5 $527.2 187.0 226.3 113.9 100.0 100.0 100.0 49.1 44.8 44.6 35.0 36.4 38.0 15.9 18.8 17.4 100.0 35.5 42.9 21.6 Nondurable consumption ........... Food and beverages Clothing and shoes . Gasoline and oil . . . Fuel oil and coal . . . Other nondurables . 665.5 344.2 80.3 87.0 28.6 125.3 766.3 387.5 112.1 97.1 26.2 143.7 872.4 440.7 155.5 105.2 18.7 152.3 1,116.4 541.6 201.3 105.8 24.4 243.2 100.0 100.0 100.0 51.7 50.6 50.5 12.1 14.6 17.8 13.1 12.7 12.1 4.3 3.4 2.1 18.8 18.8 17.5 100.0 48.5 18.0 9.5 2.2 21.8 Services consumption H ousing................. Household operation Transportation ___ Health ................... Other services ___ 756.0 235.5 108.6 66.0 136.0 210.0 971.2 1,177.4 304.1 351.4 138.3 150.7 82.9 85.0 192.2 229.8 253.7 360.5 1,785.9 510.9 218.4 118.4 371.7 566.5 100.0 100.0 100.0 31.2 31.3 29.8 14.4 14.2 12.8 8.7 8.5 7.2 18.0 19.8 19.5 27.8 26.1 30.6 100.0 28.6 12.2 6.6 20.8 31.7 growth) and agriculture and public utilities (both exhibiting 2.5-percent annual growth). Nondurable manufacturing in dustries are expected to buy new equipment at a 3.5-percent rate of increase, not as fast as the growth of equipment purchases by durable goods producers, but still above the overall average growth rate for this component of demand. Almost one-fifth of the total expenditures for producers’ durable equipment is expected to be for computers, the largest single item of all the equipment commodities. Heavy investment in factory automation and robotics also leads to large purchases of certain types of industrial machinery, particularly metalworking machinery and material moving equipment, and of scientific and controlling devices. Com munications equipment is projected to be the most rapidly growing, and the third largest producers’ durable equipment purchase, as the demand for telecommunications services leads to high levels of spending on satellites and other com munications equipment. Investment demand for motor vehi cles, including trucks, is projected to grow more slowly than total equipment spending, but will still rank second in terms of overall levels. Overall capital accumulation accelerates throughout the projection period in most sectors of the economy, leading to strong growth in labor productivity, especially in the manu facturing industries. A recovery from the commercial building glut of the late 1970’s and early 1980’s is also projected, as investment in nonresidential structures increases 2.8 percent each year between 1986 and 2000, up sharply from the 0.4-percent annual growth in the 1979-86 period. Residential construction is expected to slow over the next 14 years, growing at an average real rate of 0.4 percent between 1986 and 2000. As with autos, the slowdown is determined by both cyclical and demographic factors, as the formation of new households is projected to slow dramati cally during the 1990’s, pulling down the level of housing starts over the projection period. The aging of the popula tion, particularly among those of retirement age, is expected to increase demand for multi-unit starts relative to single unit starts. Foreign trade. The sharp reduction in the exchange value of the dollar seen in 1986 is assumed to continue until 1990, but at a much slower rate. This drop in the value of the dollar, accompanied by relatively robust assumptions re garding foreign economic growth, leads to almost 4-percent annual real growth projected for exports of goods and services between 1986 and 2000. Although substantially better than export performance in the early 1980’s, the dramatic im provement in exports expected by many economic analysts in response to declining dollar values fails to materialize in the projections because of changes in foreign markets and in U.S. industries during the period of reduced export trade. Many of the countries which, during the 1960’s and 1970’s, maintained large agricultural import balances with the United States have now not only developed the capabil ity to feed their own populations from within but are, quite often, becoming net agricultural exporters. It is unlikely, therefore, that the United States has any chance of replicat ing the past booms in agricultural exports. Many export markets in less-developed countries were also lost during the early 1980’s. However, now that U.S. exports are again becoming price-competitive, many of these countries are facing serious debt problems, effectively locking them out of foreign markets. Most significantly, however, a large number of already vulnerable industries, such as farm and garden equipment, engines, turbines, and generators, and other nonelectrical machinery producers, were hit hard by the strong dollar of the early 1980’s, forcing them to shrink at an accelerated pace and making it highly unlikely at this point that they will be able to respond as strongly as in past periods to increasing foreign demand. (See table 4 for exports by major end-use categories.) Imports, in contrast, are expected to grow much less rapidly, as the value of the dollar is assumed to decline. The slowdown in import growth due to financial considerations is, however, at least partially offset as softening oil prices are assumed to lead to major reductions in domestic exploration for and production of crude petroleum and natural gas. As the demand for primary and secondary energy products continues to expand over the 1990’s, it is assumed that the shortfall in domestic production is made up entirely from imports. As a result, the grave trade imbalances of the mid-1980’s improve substantially over the projection period, but are not fully resolved. The real net export balance is expected to decline slowly to $99 billion in 2000. (See table 4 for im ports by major end-use categories.) The drop in auto imports reflects the assumption that the dollar’s decline will result in less competitive prices for foreign cars and in more foreign automakers setting up factories in the United States. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 4. Exports and imports by major end-use cate gories, 1972, 1986, and projected to 2000 [In billions of 1982 dollars] Item 1972 1986 Projected, 2000 Annual growth rate (in percent) 1972-86 Projected, 1986-2000 $195.2 131.3 $371.3 237.5 $634.5 416.4 4.7 4.3 3.9 4.1 16.3 7.5 39.5 39.7 17.0 11.3 25.7 13.9 62.1 90.1 21.1 24.7 51.6 22.8 96.8 167.3 26.0 51.8 3.3 4.5 3.3 6.0 1.6 5.7 5.1 3.6 3.2 4.5 1.6 5.3 Services................. Factor income . . . Military sales . . . . Other services . . . 64.0 33.9 3.1 27.0 133.8 76.9 8.1 46.1 218.1 134.3 5.4 78.3 5.4 6.0 7.1 3.9 3.6 4.1 -2.9 3.9 Total imports ............. Merchandise........... Food, feed, and beverages . . . . Consumer goods . Industrial supplies Petroleum products Capital goods . . . Autos and parts .. Other merchandise 244.6 190.7 521.0 420.4 733.0 563.8 5.5 5.8 2.5 2.1 17.4 25.4 46.9 56.0 10.9 26.6 7.7 23.1 73.6 73.9 75.9 90.9 66.7 16.2 30.0 111.2 86.5 122.1 111.7 56.5 45.8 2.0 7.9 3.3 2.2 16.4 6.8 5.5 1.9 3.0 1.1 3.5 1.5 -1.2 7.7 Services................. Factor income . . . Defense purchases Other services . . . 53.9 11.1 4.8 38.9 100.7 44.2 10.6 44.5 169.2 80.1 16.2 72.9 4.6 11.1 4.8 1.0 3.8 4.3 3.1 3.6 Total exports ............. Merchandise........... Food, feed, and beverages . . . . Consumer goods . Industrial supplies Capital goods . . . Autos and parts .. Other merchandise Government. As a whole, government purchases of goods and services are expected to account for a smaller share of gnp over time, dropping from almost 21 percent of gnp in 1986 to 17.4 percent by 2000. Most of the declining share is accounted for by Federal Government spending slow downs. Defense spending is expected to account for 4.8 percent of gnp in 2000, down from a share of almost 7 percent in 1986, while nondefense spending drops off slightly in importance, from 2.2 percent of gnp in 1986 to 1.9 percent in 2000. Other Federal expenditure categories are also projected to account for a declining share of gnp during the next 14 years, as shown in the following tabulation: Percent of nominal gnp 1972 1986 Projected, 2000 2 0 .5 8 .7 2 4 .5 2 0 .5 .............. 8 .7 6 .7 T r a n s fe r p a y m e n t s ................. 6 .9 9 .1 8 .9 N e t in terest 1.2 3 .2 2 .5 3 .7 3 .1 2 .3 1 9 .6 T o t a l F e d e r al e x p e n d itu r e s G o o d s and s e r v i c e s .. ............................... O th e r s p e n d i n g ...................... T otal F e d e r al r e c e ip t s .............. 19.1 19.6 ......................... 8 .9 8 .6 7 .3 ...................... 3 .0 2 .0 2 .1 . . . 1 .6 1 .2 1 .4 ...................... 1 .6 7 .8 8 .7 ............................... 1 .4 4 .9 1 .0 P e r so n a l t a x e s C o r p o r a te ta x e s In direct b u s i n e s s ta x e s S o c i a l in su r a n c e c o n t r ib u t io n s F e d e r al d e f ic it 15 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Economic Trends Federal receipts are expected to account for a fixed share of gnp, just under 20 percent. The burden is expected to shift, however, as personal, corporate, and indirect business taxes together account for 55.4 percent of total Federal revenues in 2000, down from the 60.2 percent accounted for by these three tax categories in 1986. The burden is shifted to social insurance contributions, which are expected to account for almost 45 percent of Federal tax collections in 2000 (up from 39.8 percent in 1986), and by the early 1990’s are expected to become a more important source of Federal revenues than personal income taxes. The net effect of these changes is that, in the bls projec tions, a gradually shrinking deficit results, declining from $204 billion in 1986 (4.9 percent of gnp) to $85.6 billion in 2000 (0.9 percent of gnp). As the following tabulation shows, State and local spend ing is up slightly in share terms, as increasing demand for educational services in the mid- to late 1990’s temporarily expands government educational shares, which are offset ting slower growth elsewhere: Percent of nominal GNP Projected , 2000 1972 1986 e x p e n d i t u r e s ............................... 1 3 .7 1 3 .3 1 4 .4 G o o d s an d s e r v i c e s .............. 11.9 11.8 1 2 .9 ...................... 1.8 1.5 1.5 1 4 .8 14.7 15.0 2 .8 .4 3 .6 3 .7 .5 .5 7 .5 7 .0 7 .3 T o ta l S ta te and lo c a l O th e r s p e n d i n g T o ta l S ta te an d lo c a l r e c e i p t s .......................................... P e r so n a l ta x e s ......................... Corporate taxes ...................... Indir ec t b u s i n e s s t a x e s . . . Productivity growth in the manufacturing sector is pro jected to be much more robust than for the economy as a whole, continuing a historical trend that has been especially pronounced in recent years. Capital investment in factory automation, continued energy substitution, contracting out, restructuring of inefficient operations, and other factors noted over the 1986 to 2000 period are expected to continue to contribute to high growth in manufacturing productivity. Employment. Between 1979 and 1986, civilian household employment expanded at an annual average rate of 1.5 per cent, or about 1.5 million persons. This was just slightly lower than the rate of increase in the civilian labor force over the same period. Employment is projected to increase by just under 21 million persons between 1986 and 2000, an annual average increase of almost 1.5 million employed persons. The civilian unemployment rate, at 7 percent in 1986, is expected to reach 6 percent in the year 2000. (See table 5.) Income. No particular surprises are projected for income distributions over the decade of the 1990’s. Personal income accounts for virtually the same share of gnp in the year 2000 as in 1986. Disposable personal income, in contrast, ac counts for a slightly greater share of gnp in 2000 than in 1986, because of the declines in effective personal tax rates as a result of tax changes enacted in 1986. Real per capita disposable income is expected to reach $13,421 by 2000, reflecting a continuation of the rate of increase noted over the 1972-86 period, but a resurgence from the slower growth this measure experienced between 1979 and 1986. The personal savings rate is projected to S o c i a l in su r a n c e c o n t r ib u t io n s G r a n t s - in - a id ...................... .9 1.1 1 .4 ............................ 3.1 2 .5 2 .0 Inflation. The rate of growth of prices, as reflected by the implicit gnp deflator, is projected to moderate from the 1972-86 pace of 6.6 percent to a 3.5-percent rate over the 1986-2000 period. As noted earlier, monetary policy has been assumed that will be stimulative to growth without providing enough pressure to re-ignite the inflationary spiral of the 1970’s. Labor productivity. Productivity, represented in the model and in these projections by real gnp per employee, increased at a dismal rate of 0.3 percent each year between 1972 and 1979. During the next 7 years, productivity fared only slightly better, growing at an average rate of 0.5 per cent between 1979 and 1986. Sustained growth in invest ment and the movement of much of the labor force into prime working-age years is expected to cause a modest recovery in labor productivity, gnp per employee is pro jected to increase at an average annual rate of 1.2 percent between 1986 and 2000.9 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 5. Labor force, employment, and labor productivity 1972, 1979, 1986 and projected to 2000 [In millions, unless noted otherwise) Projected, 2000 Item Civilian labor fo rc e ............. Civilian employment (from household survey) ......... Unemployed ..................... Unemployment rate (percent)..................... Nonagricultural establish ment employment ........... gnp per employee (thousands of 1982 dollars)............... 1972 1979 1986 Low Moderate High 87.0 104.9 117.8 134.5 138.8 141.1 82.2 4.9 98.8 6.1 109.6 8.2 124.1 10.4 130.4 8.3 134.8 6.4 5.6 5.8 7.0 7.7 6.0 4.5 73.7 89.8 100.2 114.1 119.7 123.6 32.30 33.55 37.20 39.57 41.20 30.25 Average annual rate of growth (in percent) 1986-2000 1972-79 Civilian labor fo rc e ............. Civilian employment (from household survey) ......... Nonagricultural establishment employment........... gnp per employee (thousands of 1982 dollars)............... 1979-86 1972-86 Low Moderate High 2.7 1.7 2.2 1.0 1.2 1.3 2.7 1.5 2.1 .9 1.2 1.5 2.9 1.6 2.2 .9 1.3 1.5 .9 .5 .7 .7 1.2 1.5 High and low scenarios Table 6. Gross national product as income, 1972, 1979, 1986, and projected to 2000 [Billions of current dollars, except where noted] 2000 Item Gross national product .. Net national product . . . . National incom e............. Compensation ........... Proprietors' Income . . . Rental income ........... Corporate profits........ Net Interest income . . . Personal Income ........... Disposable personal income ................... Billions of 1982 dollars Per capita, current dollars..................... Per capita, 1982 dollars..................... 1972 1979 1986 1,212.8 1,104.8 994.1 726.2 98.3 17.9 100.7 51.0 981.6 2,508.2 2,242.2 2,047.3 1,491.2 191.9 5.6 200.1 158.3 2,034.0 839.6 1,794.4 Low Moderate High 4,208.5 3,753.4 3,387.4 2,498.3 278.9 15.6 299.7 294.9 3,487.0 7,312.4 6,722.7 5,993.3 4,661.9 407.5 59.0 579.3 708.3 5,961.2 9,455.0 8,710.7 7,852.8 5,676.0 602.5 61.7 791.4 721.2 7,752.1 12,637.5 11,587.9 10,482.5 7,530.3 833.3 36.9 1,097.2 984.7 10,433.3 1,729.3 2,212.6 2,973.7 2,603.7 5,178.9 3,218.8 6,705.6 3,626.1 8,908.2 3,938.1 4,000.0 7,628.0 12,312.0 19,168.0 24,819.0 31,782.0 8,562.0 9,829.0 10,780.0 11,914.0 13,421.0 14,050.0 Percent distribution Gross national product .. Net national product . . . . National in com e............. Compensation ........... Proprietors' Income . . . Rental income ........... Corporate profits......... Net interest income . . . Personal income ........... Disposal personal incom e....................... 100.0 91.1 82.0 59.9 8.1 1.5 8.3 4.2 80.9 69.2 100.0 89.4 81.6 59.5 7.7 .2 7.8 6.3 81.1 100.0 89.2 80.5 59.4 6.6 .4 7.1 7.0 82.9 100.0 91.9 82.0 63.8 5.6 .8 7.9 9.7 81.5 100.0 92.1 83.1 60.0 6.4 .7 8.4 7.6 82.0 100.0 91.7 82.9 59.6 6.6 .3 8.7 7.8 82.6 68.9 70.7 70.8 70.9 70.5 Average annual rate of change (in percent) 1986-2000 1972-79 1979-86 Gross national product .. Net national product. . . . National Incom e............. Compensation ........... Proprietors' Income . . . Rental income ........... Corporate profits........ Net interest income Personal income ........... Disposable personal income ................... Billions of 1982 dollars. Per capita, current dollars..................... Per capita, 1982 dollars..................... 1972-86 Low Moderate High 10.9 10.6 10.9 10.8 10.0 -15.3 10.3 17.6 11.0 7.7 7.6 7.5 7.6 5.5 15.8 5.9 9.3 8.0 9.3 9.1 9.2 9.2 7.7 -1.0 8.1 13.4 9.5 4.0 4.3 4.2 4.6 2.7 10.0 4.8 6.5 3.9 6.0 6.2 6.2 6.0 5.7 10.3 7.2 6.6 5.9 8.2 8.4 8.4 8.2 8.1 6.3 9.7 9.0 8.1 10.9 3.0 8.1 2.4 9.5 2.7 4.0 1.5 6.0 2.4 8.2 3.0 9.8 7.0 8.4 3.2 5.1 7.0 2.0 1.3 1.7 .7 1.6 1.9 A high- and a low-growth scenario, providing bounds around the moderate-growth aggregate projection, have been estimated based on differing sets of assumptions out lined in table 1. The low-growth projection was designed primarily to pro vide a scenario over the decade of the 1990’s in which many current problems persist without much improvement. Labor productivity is assumed to grow at the same rate as it did during the 1972-86 period— 0.7 percent annually. Com bined with an assumption of deeper recessions and relatively sluggish recoveries, this leads to a real gnp almost $550 billion lower in 2000 than in the moderate projection, with employment lower by 6.3 million. The high-growth projection, on the contrary, assumes labor productivity growth of 1.5 percent each year between 1986 and 2000, only minor slowdowns in gnp increase, and strong, sustained recoveries in other years, resulting in a gnp of $5.6 trillion in 2000, almost $500 billion higher than in the moderate projection. The sustained growth leads to an unemployment rate of 4.5 percent in 2000, implying 4.1 million more employed persons that year than in the moder ate projection. The two alternatives encompass a $935 billion spread in real gnp, a 6.3 million difference in the civilian labor force, and a 10.4 million range in the number of employed per sons. Major results of the alternatives, compared with the moderate-growth projection, are as follows: _________ Low Civilian unemployment r a t e .............................. Federal deficit, billions of current dollars ........... Net exports, billions of 1982 d o lla rs............... Real gnp ....................... implicit deflator . . . Civilian labor force . . . . Employment (from household su rv ey )............... gnp per employee ........ gnp In summary, the moderate-growth scenario describes a growing economy characterized by a slowly improving Fed eral deficit, a return to higher productivity growth, and a continuation of the shift to a more service-oriented econ omy. The most pervasive problem facing the U.S. economy over the next decade will be our chronic trade deficit. Re ductions in the value of the dollar are seen as only the first step necessary to forge a recovery from the current wide trade gap. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis High 7.7 6.0 4.5 -289.1 -8 9 .3 44.1 -3 9 .1 -9 8 .6 -150.2 Annual rate of growth, 1986-2000 Source: Historical data are from the Bureau of Economic Analysis, U.S. Department of Commerce. Projected data are from the Bureau of Labor Statistics. range between 3.7 percent and 6.0 percent over the 19862000 period, generally higher than the 1986 rate of 3.9 percent. 2000_________ Moderate Low Moderate High 1.6 3.3 1.0 2.4 3.5 1.2 3.0 5.0 1.3 .9 .7 1.2 1.2 1.5 1.5 M ajor dem and category sum m aries are provided in table 2, em ploym ent sum m aries in table 5, and income com parisons in table 6. Underlying assumptions. Federal Government expendi tures are higher in the high-trend and lower in the low-trend alternatives than in the base projections. Conversely, spend ing as a share of nominal gnp shows the opposite relation ship: high-trend government spending accounts for a smaller 17 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Economic Trends proportion of gnp and low-growth government spending a higher proportion of gnp than in the base projection. The following tabulation shows projected Federal spending in 2000, total and as a share of gnp: Billions of current dollars F e d e r al s p e n d i n g . Share of G N P (in percent) Low High Low High 2 0 .3 $ 1 ,5 8 8 .0 $ 2 ,5 4 9 .8 21 .8 G o o d s ................. 4 9 1 .3 8 2 7 .8 6 .8 6 .6 T r a n s fe r s .... 65 1 .3 1179.4 9 .0 9 .4 ................. 4 4 5 .4 5 4 2 .6 6 .0 4 .3 O th e r In other words, faster or slower gnp growth in the alter natives is attributed, not to fiscal stimulus, but to other causes, primarily the wide range of productivity growth assumptions. Higher rates of inflation, combined through the tax sys tem with higher private incomes, yield much higher Federal revenues in the high-trend projection, resulting in a bal anced Federal budget in 2000. The opposite effect is appar ent in the low-trend projection, resulting in a Federal deficit of $289 billion in the year 2000. In the low-growth projection, the same population levels are assumed as in the moderate-growth scenario, but an assumption of a lower labor force participation rate results in slower labor force growth. Alternatively, the high-growth scenario assumes a participation rate identical to the moderate-growth projection, but assumes a larger popula tion, resulting from a more rapid than expected influx of immigrants, both documented and undocumented. A projected unemployment rate of 7.7 percent in 2000 for the low-growth alternative leads to employment levels 6.3 million lower than in the moderate-growth projection. Con versely, in the high-growth scenario, an unemployment rate of 4.5 percent, combined with the larger labor force, yields employment higher by 4.1 million in 2000. Thus, the pro jections allow for a range of possible employment levels in the year 2000 of 10.4 million. Sluggish foreign economic growth combined with lower world inflation serves to dampen exports somewhat in the low-growth alternative. However, imports drop off even more sharply in this alternative in response to lower gnp growth in the United States, leading to a much improved foreign trade balance. Faster gnp growth in the high alternative elicits far greater import levels. Correspondingly higher rates of foreign eco nomic growth have a much smaller effect on exports, lead ing to a steadily deteriorating trade balance in the highgrowth projection. FOOTNOTES 1 For previous projection articles, see the November 1985 issue of the Monthly Labor Review. 2 In this tabulation, and elsewhere in the article, labor productivity is represented by real gross national product per employee. It is important to note that this measure o f productivity is not comparable with those devel oped within the Office of Productivity and Technology, Bureau of Labor Statistics. For the definitions of labor productivity, multifactor productiv ity, and other related measures, and their historical data series, see the Current Labor Statistics sections of the Review. 3 The Wharton model was selected from the commercial models offered to the Bureau on the basis o f a competitive procurement and should not be deemed either more or less suitable, on a theoretical basis, than the other models considered in the procurement action. A detailed description of the Wharton model is provided in Long-Term Model Structure and Specifica tion (Philadelphia, Wharton Econometric Forecasting Associates, 1982). A concise statement of b l s ’ overall projection methodology is contained in Employment Projections for 1995: Data and Methods, Bulletin 2253 (Bu reau o f Labor Statistics, 1986). 4 For a detailed description of the analysis and results of this study, see Norman C. Saunders, “Sensitivity of bls economic projections to exoge nous variables,’’ Monthly Labor Review, December 1986, pp. 23-29. 5 As part of an ongoing effort to improve the projection methods and results, the BLS has evaluated the accuracy of earlier projection estimates. See the following Monthly Labor Review articles: John Tschetter, “An evaluation ot b l s ’ projections of 1980 industry employment,” August 1984, pp. 12-22; Howard N Fullerton, Jr., “How accurate were the 1980 labor force projections?” July 1982, pp. 15-21; and Max Carey and Kevin 18 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Kasunic, “Evaluating the 1980 projections of occupational employment,” July 1982, pp. 2 2-30. Analyses of the various projections for 1985 pub lished by bls are being prepared. 6 See Projections of the Population of the United States, 1987 to 2080, Current Population Reports, Series P-25, No. 1018 (Bureau of Census, forthcoming). 7 See Howard N Fullerton, Jr., “Labor force projections: 1986 to 2000,” Monthly Labor Review, September 1987, pp. 19-29. 8 See Annual Energy Outlook 1986 (U .S. Department of Energy, 1987). The Energy Department publishes each year a range of alternative energy scenarios. Scenarios consistent with the bls estimates of gnp and inflation were chosen to fill in the energy assumptions. 9 Based on historical relationships between g n p and the private business sector, the Office of Productivity and Technology, Bureau of Labor Statis tics, has adjusted the projected 1986—2000 “ g n p per employee” growth rate of 1.2 percent to “business sector output per employee” and “output per hour” estimates. The adjusted rates of growth, placed in a historical per spective, are as follow: Business sector output 1948-73 .................................................. 1973-86 .................................................. 1973-79 ............................................. 1979-86 ...................................................... 1986-2000 ............................................. Per hour Per employee 2.9 .9 .6 2 5 4 .1 7 1.2 to 1.3 l.o 1.6 Projections 2000 Labor force projections: 1986 to 2000 According to BLS projections, there will he 139 million persons in the 2000 labor force, representing a slowdown in the rate o f growth after 1986; because o f population or participation growth rates, blacks, Hispanics, and Asians and others are expected to increase their representation in the labor pool H ow ard N F u l l e r t o n , Jr . The labor force is projected by the Bureau of Labor Statis tics to be 139 million persons in the year 2000. This repre sents growth of 21 million persons between 1986 to 2000 in the moderate of three alternative labor force projections; well below the 31 million added to the labor force between 1972 and 1986. The projected growth rate of 1.2 percent annually is less than the 2.2-percent annual rate over the 1972-86 period. (See table 1.) Some trends in the labor force projections— the expected growth in the share of women in the labor force and the drop in the share of workers 55 and older— are the result of anticipated changes in participation rates. Women were only 39 percent of the labor force as recently as 1972; by 2000, they are projected to be 47 percent. The older population, which is growing as a share of the overall population, is projected to have lower labor force participation rates in 2000 and, as a consequence, a smaller share of the labor force. (See table 2.) Other changes expected between 1986 and 2000 reflect underlying population changes. The proportion of youths (those 16 to 24 years) dropped from 23 percent of the labor force in 1972 to 20 percent in 1986 and is projected to fall Howard N Fullerton, Jr. is a demographic statistician in the Office of Economic Growth and Employment Projections, Bureau of Labor Statistics. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis further to 16 percent by 2000. The drop in the youth share of the labor force for the 1972-86 period reflects the end of the entry of the baby-boomers, while the projected drop reflects the lower numbers of births in the 1970’s. Blacks, who were 10 percent of the labor force in 1972 and 11 percent in 1986, are projected to be 12 percent by 2000. The increased share of the labor force for blacks results from their population growth. Hispanics also are projected to increase their share of the labor force from 7 percent in 1986 to 10 percent by 2000, reflecting both population and partic ipation growth. Asians and others are projected to increase their labor force share from 3 percent in 1986 to 4 percent in 2000, as the result of rapid population increase.1 This article presents b l s ’ first look at the 2000 labor force.2 The alternative labor force projections are presented by age, sex, race and Hispanic origin. They are based on the Bureau of Census middle population projection and b l s projections of future trends in labor force participation.3 Components of labor force projections Population. There are two major factors that determine labor force growth: changes in population and in labor force participation rates. The process of making projections is not exact; to indicate the possible range of uncertainty, b l s (and the Census Bureau) prepares alternative projections.4 Labor 19 MONTHLY LABOR REVIEW September 1987 • Projections 2000: The Labor Force force participation rate projections were prepared for three racial groups and independently for Hispanics by sex and age.5 To prepare population projections, assumptions about the future paths of births, deaths, and net migration must be made. The Bureau of Census new population projections used in the labor force projections (and in the other projec tion articles in this issue) are based on the following assump tions about these major elements needed to project popula tion change: Fertility. In the long run, fertility changes are always most important for projecting the population. Between now and 2000, the fertility assumptions would not affect the size of the 2000 population over the age of 16. There is no Hispanic population projection available that is consistent with the current Bureau of the Census population projection, bls has decided to use the high migration scenario from the Census Bureau’s most recent Hispanic population projection.6 The assumptions for this projection are for Hispanics to have an ultimate co hort fertility rate of 1.9 children per woman, an ultimate life expectancy at birth of 81.0 years, and yearly net migration of 361,000.7 The latter number is assumed to include 212,000 undocumented immigrants, consistent with the initial years, but not with the later years of the current overall projection. Future direction and magni tude of immigration, both documented and undocu mented, is uncertain at this time. As a consequence, pro jections of the Hispanic population, because they are affected so much by immigration, are subject to more uncertainty than the overall population. Net migration. The Bureau of Census assumption for the middle scenario is that both immigration and emigration will be high. The higher immigration assumption reflects the inclusion of undocumented aliens who are added in the middle population projections for the first time. The higher emigration assumption reflects the greater return migration of foreign-born persons to their native countries. The net migration (immigration less emigration) scenario reflects an assumption that new immigration legislation, which will not be fully implemented until the end of 1988, will reduce the level of undocumented migration, but not entirely end it. Table 1. Civilian labor force by sex, age, race, and Hispanic origin, actual 1972, 1979, and moderate growth projections 2000 Level (In thousands) Group 1972 1979 1986 Total, 16 and over ........................................... 87,037 104,960 117,837 Men, 16 and o v e r............................................. 16 to 24 ................................................... 25 to 54 ................................................... 55 and ove r............................................... 53,556 11,243 33,133 9,180 60,727 13,645 37,926 9,156 65,423 12,251 44,406 8,766 Women, 16 and o v e r ...................................... 16 to 24 ................................................... 25 to 54 ................................................... 55 and o v e r............................................... 33,481 8,943 19,192 5,346 44,233 11,760 26,594 5,879 White, 16 and o v e r........................................... Black, 16 and o v e r........................................... Asian and other,1 16 and over ....................... Hispanic,2 16 and o v e r.................................... 77,275 8,748 — 91,922 10,665 2,373 5,215 — Change (In thousands) Projected, 2000 Percent change 1972-79 1979-86 138,775 17,923 12,877 20,938 20.6 12.3 17.8 73,136 11,506 53,024 8,606 7,171 2,402 4,793 -2 4 4,696 -1,394 6,480 -390 7,713 -745 8,618 -160 13.4 21.4 14.5 -.3 7.7 -10.2 17.1 -4.3 11.8 -6.1 19.4 -1.8 52,414 11,117 35,159 6,138 65,639 11,125 47,756 6,758 10,752 2,817 7,402 533 8,181 -643 8,565 259 13,225 8 12,597 620 32.1 31.5 38.6 10.0 18.5 -5.5 32.2 4.4 25.2 .1 35.8 10.1 101,801 12,684 3,352 8,076 116,701 16,334 5,740 14,086 14,647 1,917 9,879 2,019 979 2,861 14,900 3,650 2,388 6,010 19.0 21.9 10.7 18.9 41.3 54.9 14.6 28.8 71.2 74.4 — — 1986-2000 1972-79 _ - Percent distribution 1972 1979 1986 Total, 16 and over ............................................. Men, 16 and o v e r................................................. 16 to 25 ....................................................... 25 to 54 ....................................................... 55 and o ve r................................................... 100.0 61.5 12.9 38.1 10.5 100.0 57.9 13.0 36.1 8.7 100.0 55.5 10.4 37.7 7.4 100.0 52.7 8.3 38.2 6.2 2.7 1.8 2.8 1.9 Women, 16 and o v e r ........................................... 16 to 24 ....................................................... 25 to 54 ....................................................... 55 and over................................................... 38.5 10.3 22.1 6.1 42.1 11.2 25.3 5.6 44.5 9.4 29.8 5.2 47.3 8.0 34.4 4.9 White, 16 and o v e r............................................... Black, 16 and o v e r............................................... Asian and other.1 16 and over ............................ Hispanic,2 16 and o v e r........................................ 88.8 10.1 87.6 10.2 2.3 5.0 86.4 10.8 2.8 6.9 84.1 11.8 4.1 10.2 1 The “Asian and other” group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. The historic data are derived by subtracting “Black” from the “Black and other" group; projections are made directly. 2 Persons of Hispanic origin may be of any race. Labor force data for Hispanics are not available 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — 1986-2000 Growth rate Projected, 2000 — 1979-86 before 1976. 3 The rate is -0.05 to 0.05 percent. Note: Dash indicates data not available. 1972-79 1979-86 1986-2000 (3) 1.7 1.1 -1.5 2.3 - .6 1.2 .8 -.4 1.3 -.1 4.1 4.0 4.8 1.4 2.5 -.8 4.1 .6 1.6 (3) 2.2 .7 2.5 2.9 1.5 2.5 5.1 6.4 1.0 1.8 3.9 4.1 _ - Table 2. Civilian labor force participation, by sex, age, race, and Hispanic origin, actual 1972, 1979, and 1986, and moderate growth projections 2000 Growth rate Projected, 2000 1972 1979 1986 1972-79 1979-86 1986-2000 Actual Group Total, 16 and over . . . . 60.4 63.7 65.3 67.8 0.8 0.4 0.3 Men, 16 and o v e r......... 16 to 24 ............... 25 to 54 ............... 55 and over........... 79.0 71.3 95.1 53.3 77.8 75.0 94.4 46.6 76.3 73.0 93.8 40.4 74.7 74.3 92.6 34.1 - .2 .7 -.1 -1.9 - .3 - .4 - .1 -2.0 - .2 .1 -.1 -1.2 Women, 16 and over .. 16 to 24 ............... 25 to 54 ............... 55 and over ........... 43.9 53.0 51.0 24.5 50.9 62.5 62.3 23.2 55.3 64.3 70.8 22.1 61.5 69.5 80.8 21.4 2.1 2.4 2.9 -.8 1.2 .4 1.8 - .7 .8 .6 .9 -.2 White, 16 and ov er . . . . Black, 16 and over . . . . Asian and other,1 16 and over ............. Hispanic,2 16 and over ............. 60.4 60.2 63.9 61.4 65.5 63.5 68.2 66.0 .8 .3 .4 .5 .3 .3 — 65.9 64.9 65.8 — .2 .1 - 63.5 65.4 68.7 - .4 .4 - 1 The “Asian and other” group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. The historic data are derived by subtracting “Black” from the “Black and other" group; projections are made directly. 2 Persons of Hispanic origin may be of any race. Labor force data for Hispanics are not available before 1976. Note: Dash indicates data not available. The number of persons ages 65 and older increased more than twice as fast as the overall population during the 1972— 86 period; those 85 and older increased more than four times as fast. Changes in the total population are reflected in the civil ian noninstitutional population 16 and older with a lag. Between 1972 and 1986, the civilian noninstitutional popu lation grew by 1.6 percent annually, while over the 1986— 2000 horizon, the population is projected to grow signifi cantly more slowly, by 0.9 percent. (See table 3.) An important event of the post-World War II period is the great flows of migrants documented and undocumented, into and out of this country. In the future, according to these population projections, immigration would be an increasing share of population growth. Immigrants are generally of working age. There are slightly more women than men among the documented entrants. As a consequence of the projected overall decrease in births, net migration, even though declining somewhat, still is projected to continue to be an increasing share of population growth: 1972-79 1979-84 1986-95 1995-2000 Summary o f population changes, 1986-2000. The overall U.S. population, which increased by 1 percent annually between 1972 and 1986, is projected to grow by 0.8 percent yearly to 2000. This slowing reflects the anticipated drop in births as well as the slight drop in net migration. The rate of increase will not be uniform across age, race, or Hispanic origin groups. As the following tabulation indicates, over the 1972-86 period, the number of persons (ages 18 to 24) entering college or their first job rose, while the number of those (ages 14 to 17) in high school dropped slightly. The number of those (ages 5 to 13) in elementary school dropped more substantially, while the number of preschoolers increased. Over the 1986-2000 period, many of these younger age groups show a reversal of trend; the number of persons ages 18 to 24, which had been increasing during the 1972-86 period, is projected to drop through 2000: T o ta l p o p u la t io n ( m i l l i o n s ) ......................... W h i t e ................................. B la c k ................................. A s ia n and o t h e r ........... H i s p a n i c ......................... 1972 1986 2000 ........... ........... 20 9 .9 1 8 3 .3 26 8 .3 2 2 1 .5 ........... ........... 23 .6 2 .9 2 4 1 .6 20 4 .7 29 .4 35.1 1 1 .6 1 8 .5 3 0 .3 1.5 18.1 34 .2 1 4 .8 28 .0 29 .2 2 .8 1 6 .9 3 3 .5 1 5 .3 2 5 .2 3 4 .9 4 .6 144.1 180.6 204.7 ...... Y e a r s o f age: 0 to 4 ................................. ........... 5 to 13 ............................... ........... 14 to 17 ............................ ........... 18 to 2 4 ............................ ........... 6 5 an d o l d e r .................... ........... 8 5 an d o l d e r .................... ........... Civilian noninstitutional population 16 and older (millions) .................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 .5 17.1 39 .9 1 6 .6 26 .1 2 1 .0 Percent of population . . . 17.2 25.7 29.9 32.2 The effect of the higher net migration is an increase in the number of people of working age and a decrease in the number of older people. To the extent that immigrants have different age, educational, and occupational compositions than the resident population, this would affect the future work force. A summary of the Census Bureau’s projections for 2000 and estimates for the 1986 and related earlier years population are displayed in table 4.8 Projections o f labor force participation change. Trends in labor force participation rates— the second important factor affecting the size of the labor force of the future— were projected by bls for 114 groups by age, sex, and race or ethnicity. After the rate of change for each sex and race group for the 1979-86 period was estimated, the labor force participation rate for the group was extrapolated by age. The resulting cross-sectional patterns for specific race-sex groups were examined for 2000 and, when these patterns were inconsistent with historical patterns, they were modi fied. The cohort participation rates were also plotted and, if inconsistent with historic patterns, the projected participa tion rates were modified. For these two reasons, adjust ments mainly affected participation rates for women in the preretirement years. The projected pattern of participation for white women did not result in a drop in participation between ages 25 to 29 and 30 to 34 as it has in the past. However, this was accepted as consistent with developing patterns, though it has yet to manifest itself, reflecting pri marily the fact that women increasingly are less likely to withdraw from the labor force after children are born. 21 MONTHLY LABOR REVIEW September 1987 • Projections 2000: The Labor Force The primary methodological change in this set of projec tions involved the development of projections for five-yearof-age groups for blacks. Participation rates were also calcu lated for the Asian and other labor force, but after examination of the historical data, there was so much yearto-year variation that the growth patterns in labor force participation of whites were used instead to project the Asian and other labor force. Labor force participation rates for women of prime working age (25 to 54) and older ages were assumed not to exceed that of men. After examination of the preliminary employment projections, the assumed participation rate of young whites was adjusted upward to reflect anticipated growth in job opportunities for first-time jobseekers and the declining number of youth available for those jobs. Compositional changes in the labor force A g e. By 2000, prime working-age persons would make up 73 percent of the labor force, up from 67 percent in 1986 (table 1). This reflects underlying demographic changes; the baby-boom generation will still be in the prime working ages, but between 1995 and 2000, the “echo” of the baby boom (their children) are projected to begin entering the labor force. Despite this, the youth in the labor force are still projected to account for a smaller share of the labor force in 2000 than in 1986, 16 percent, compared with 20 percent— although their share is expected to be even lower in 1995. The share of older workers (55 and older) also is projected to shrink between 1986 and 2000 by about percentage points. The share of workers 55 and older is projected to be slightly lower in 1995, because that is when the group known as the “birth dearth of the 1930’s” enters the retire ment years. The following tabulation shows the number, in millions, of persons in each major age group for 1972-86 and the rate of growth for 1986-2000. Youth Prim e working age O lder Period: 1 9 7 2 ............................. 1 9 8 6 ................................ 2000 ......................... 2 0 .2 2 3 .4 5 2 .3 1 4 .5 7 9 .6 1 4 .9 2 2 .6 1 00.8 1 5 .4 1.1 3 .0 .2 1.7 .2 G row th rate: 1 9 7 2 - 8 6 ................. 1 9 8 6 - 2 0 0 0 ................... -.2 The labor force group age 55 and older is projected to decrease between 1986 and 1995, but then increase between 1995 and 2000. During the latter period, this group would be the fastest growing component of the labor force. The youth labor force, which has been decreasing since 1980, is also projected to decline until 1995, before increasing more rapidly than the overall labor force. The prime working-age group is the only one that is projected to grow throughout the period, even though some age groups within this broader age group are expected to decline for at least part of the 1986-2000 period. The prime age work force grew by 3 22FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis percent annually between 1980 and 1986; this growth rate is projected to drop to 2.6 percent for the rest of this decade, 1.8 percent for the early 1990’s, and less than 1 percent yearly until 2000. The changes in such broad age groups are a reflection of the changing size of underlying finer age groups, which are, in turn, a reflection of past variability in births. To further explicate the process, we describe the changes in various detailed age groups. After the baby boom (defined by the Census Bureau as starting in 1946 and ending in 1964), the number of births dropped until 1975, with a modest upswing in 1968-70. Since 1976, births have increased as the women of the baby boom became mothers, the “echo” to the baby boom. As a result of the drop in births that started in 1960, the number of 16-year-olds in the population and labor force began to decline about 1976 and is expected to continue to decline until 1992. (There was a short-lived “boomlet” between 1968 and 1970, resulting in an increase in the number of teenagers during 1986-88.) The number of 17-year-olds began to decline in 1977, 1 year after the number of 16-yearolds. The decline should end 1 year later than for 16-yearolds, or 1993. Looking at larger age groups which are less sensitive to yearly variations in births, we see that the num ber of 16- to 19-year-olds began dropping in the late 1970’s and is projected to continue to do so until the mid-1990’s. Thereafter, this age group is projected to increase as the larger number born after 1978— the echo to the baby boom— begins to enter the labor force. The teenage labor force is projected to drop by nearly 1.5 million between 1986 and 1992 and then to increase by 1.4 million between 1992 and 2000. This effect— reversal in direction over the 1986 and 2000 period— also is projected to prevail for other age groups. Numbers of labor force participants 20 to 24 years of age began to drop in the early 1980’s and are projected to de cline by 2.4 million people between 1986 and 1997 before beginning to increase. The labor force ages 25 to 29, which has been growing rapidly, is projected to decline from the late 1980’s until after 2000. The drop would be 2.9 million between 1986 and 2000. For those in the labor force who are 30 to 34 years old, the projected decline begins in the early 1990’s. In the late 1990’s, the next older group, ages 35 to 39 starts its decline in absolute numbers. The 30-to-34-yearolds are projected to increase by 2.1 million through the early 1990’s and then decline by 2.2 million by 2000. The 35 to 39 group is projected to increase by 4.2 million be tween 1986 and the mid-1990’s and then to decline only slightly by the year 2000. Race or ethnicity. Blacks are projected to account for 18 percent of labor force growth between now and the end of the century. This would be significantly above their current share of the overall labor force. Blacks made up 11 percent of labor force growth between 1972 and 1979, 16 percent Table 3. Civilian noninstitutional population, by sex, age, race, and Hispanic origin, actual 1972,1979, and 1986, and projected to 2000 1972 1979 1986 Projected, 2000 Total, 16 and over ..................................................................... 144,122 164,865 180,589 204,699 20,743 15,723 Men, 16 and o v e r....................................................................... 16 to 24 ............................................................................. 25 to 54 ............................................................................. 55 and o ve r......................................................................... 67,835 15,768 34,840 17,227 78,021 18,184 40,184 19,653 85,799 16,773 47,343 21,683 97,962 15,489 57,250 25,223 10,186 2,416 5,344 2,426 7,778 -1,411 7,159 2,030 Women, 16 and over ................................................................ 16 to 24 ............................................................................. 25 to 54 ............................................................................. 55 and over......................................................................... 76,287 16,887 37,595 21,805 86,844 18,827 42,692 25,325 94,790 17,293 49,672 27,825 106,737 15,999 59,094 31,644 10,557 1,940 5,097 3,520 White, 16 and o v e r.................................................................... 127,904 143,898 155,433 171,230 Black, 16 and o v e r..................................................................... 14,543 17,366 19,989 24,750 Asian and other,1 16 and over ................................................. - 3,601 5,164 8,719 Hispanic,2 16 and o v e r.............................................................. - 8,208 12,343 20,490 1 The “Asian and other" group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. The historic data are derived by subtracting “Black” from the “Black and other” group; projections are made directly. 2 Persons of Hispanic origin may be of any race. Data for Hispanics are not available before between 1980 and 1986, and are projected to account for 17 percent between 1986 and 1990. The following tabulation shows the number, in millions, of persons in the labor force and the growth rate, in percent, by race or ethnic origin, 1972-86 and 1986-2000: Labor force Group 1972 1986 Growth rate 2000 1972-86 1986-2000 T o t a l .................... 8 7 .0 11 7 .8 1 3 8 .8 2 .2 1.2 W hite ...................... 7 7 .3 101.8 1 1 6 .7 2 .0 1.0 B lack ....................... 16.3 2 .7 1 .8 8 .7 12.7 A s i a n an d o t h e r .................... - 3 .4 5 .7 - 3 .9 H i s p a n i c ................. - 8.1 1 4 .1 - 4.1 There are projected to be 16.3 million blacks in the labor force in 2000, up 3.7 million from 1986. This represents a higher annual growth rate, 1.8 percent, than those projected for whites and for the overall labor force. Black labor force participation is projected to grow 0.3 percent annually, as is that of whites. By 2000, blacks are projected to account for 12 percent of the labor force, up 1 percentage point from 1986. The white labor force is projected to grow by 15 million between 1986 and 2000, reaching a level of 117 million. Whites have historically been the largest share of the labor force, but this share has been dropping and is projected to continue to do so— in 1972 it was 89 percent and by 2000, it should be 84 percent. Thus, the white labor force, which also includes nearly all of the Hispanics, is growing more slowly than the overall labor force, 0.2 percent per year less over both the historical period, 1972-86, and the projected period, 1986-2000. This slower growth reflects slower pop ulation increases (table 2), because labor force participation of whites is projected to grow at the same rate as the overall labor force. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Growth rate Change (in thousands) Level (in thousands) Group 1972-79 1979-86 1986-2000 24,110 1.9 1.3 0.9 12,163 -1,284 9,907 3,540 2.0 2.1 2.1 1.9 1.4 -1.1 2.4 1.4 1.0 - .6 1.4 1.1 7,946 -1,534 6,980 2,500 11,947 -1,294 9,422 3,819 1.9 1.6 1.8 2.2 1.3 -1.2 2.2 1.4 .9 - .6 1.2 .9 15,994 11,535 15,797 1.7 1.1 .7 2,823 2,623 4,761 2.6 2.0 1.5 - 1,562 3,555 - 5.3 3.8 - 4,135 8,147 - 6.0 3.7 1972-79 1979-86 1986-2000 1976, NoTE: Dash indicates data not available. Source: Based on U.S. Bureau of Census “middle” population projections. The Asian and other labor force is projected to increase 71 percent, or by 2.4 million persons, between 1986 and 2000. This increase reflects a high rate of population growth, which, in turn, reflects higher births and immigration of this group. By 2000, persons of Asian and other races would constitute 4 percent of the labor force, up from less than 3 percent in 1986. Over the 1986-2000 period, Asians and others account for 11 percent of the projected growth in the labor force. This represents a slowing in their growth rate from the 1979-86 period during which their population was increasing rapidly due to the entry of refugees. This entry of refugees has virtually stopped, and it is assumed not to occur again over the projection period. Labor force participation of the Asian and other group is assumed to increase at the same rate as whites at the individ ual age-sex level. Their participation rate is projected to be lower than that of whites in 2000. This reflects their lower participation in 1986. The lower rate of increase for their overall labor force participation reflects the different age and sex composition of this population group. The Hispanic labor force is projected to increase 74 per cent between 1986 and 2000; among the largest increases projected for any group. By 2000, Hispanics are projected to be 10 percent of the labor force, up from 7 percent in 1986. This increase results in 6 million more Hispanics entering the labor force, for a total of 14 million in 2000. Hispanic labor force participation, which increased 0.4 percent annually between 1979 and 1986, is projected to continue to increase at that rate over the next 14 years. This reflects the younger age of the Hispanic population— with more young women, overall participation rises as their participation is projected to rise. By contrast, whites and blacks are projected to have slower rates of increase in participation. 23 MONTHLY LABOR REVIEW September 1987 • Projections 2000: The Labor Force Hispanics’ share of labor force growth was 22 percent between 1979 and 1986. Given their more rapid population growth, their share of the labor force increment between 1986 and 2000 is projected to be 29 percent. The size of the share is more impressive by subperiod— 27 percent for the years 1986 to 1995 and 32 percent for 1995 to 2000. More than a third of population growth in the late 1990’s is pro jected to be Hispanic. As noted earlier, the number of His panics is affected by the assumption made regarding future levels of immigration; projections of the share of Hispanics in the labor force could vary considerably. Sex. As in the past, women are projected to account for more than 60 percent of the labor force growth. Over the past 16 years, women have also made up 60 percent of the additions to the labor force. This share is projected to be 64 percent between now and the end of the century. It may be more useful to indicate that since 1979, when the babyboom generation had almost completed their entry into the labor force, women accounted for 64 percent of labor force additions. For the rest of this decade, and in the early 1990’s, women are projected also to make up 64 percent of the net growth in the labor force. In the late 1990’s, as the “echo” to the baby boom reaches labor force age and begins entering the labor force, women’s share of growth is pro jected to drop slightly to 62 percent. These projections show 66 million women in the labor force in 2000, up 13.2 million from 1986 (table 1). This represents an annual rate of growth of 1.6 percent which is below the 3.3-percent rate of the 1972-86 period, during which young women of the baby boom were entering the labor force. With the growth shown in these projections, women would make up 47 percent of the labor force in 2000, up from 39 percent in 1972 and 45 percent in 1986. Women’s labor force participation is projected to increase by 0.8 percent annually— more than twice the overall rate of increase in participation, but half the rate of growth in women’s participation over the 1972-86 period. The pri mary factor behind the slower rate of increase is the level of labor force participation already achieved by women; future increases above past rates are unlikely. The labor force participation rate of women ages 25 to 54, at 70.8 percent in 1986, is projected to reach 80.8 percent by 2000. The labor force participation of black women has typi cally been greater than that of white women, except at the younger ages. This is projected to continue through 2000, but the difference is expected to diminish significantly. In 1972, the participation rate of black women—48.8 per cent— was 4.6 percentage points above that of white women. By 2000, the difference would be 0.6 points. This reflects the somewhat slower growth in participation by black wom en and the greater num ber of young persons in the black female population. Because younger black women’s participation is lower than that of white women, this also lowers the difference in participation. Black women are projected to account for a tenth of labor force growth over the 1986-2000 period; their projected growth rate, 2.1 percent, is greater than that for white women. (See table 5.) For black women, the higher growth rate represents faster population growth as well as growing participation. Thus, the proportion of the labor force made up of black women would increase from 4.5 percent in 1972 to 6.1 percent in 2000. Table 4. Total population, including armed forces overseas, by age, sex, and race, actual 1972, 1979, and 1986, and projected to 2000 Level (In thousands) Group Change (In thousands) Growth rate 1972 1979 1986 Projected, 2000 Total................................................... 209,896 225,055 241,596 268,264 15,159 16,541 26,668 1.0 1.0 0.8 Years of age: 0 to 4 ................................................... 5 to 13 ................................................. 14 to 17 ................................................. 18 to 24 ................................................. 25 to 34 ................................................. 17,101 39,936 16,640 26,077 27,623 16,063 35,592 16,611 30,048 36,203 18,128 34,193 14,796 27,973 42,984 16,898 33,483 15,332 25,231 37,149 -1,0 38 - 4,344 -2 9 3,971 8,580 2,065 -1,3 99 - 1,815 - 2,075 6,781 -1,2 30 -7 1 0 536 - 2,742 - 5,835 -.9 - 1.6 1.7 -.6 - 1 .6 - 1.0 2.5 - .5 - .1 .3 - .7 - 1.0 25,176 22,942 21,448 15,338 7,599 2,197 33,142 22,823 22,230 17,325 9,049 2,796 43,911 37,223 24,157 18,242 12,017 4,621 7,966 119 782 1,987 1,450 599 10,769 14,400 1,927 917 2,968 1,825 2.0 3.6 to 74 ................................................. to 84 ................................................. and over .................................. 22,859 23,687 19,211 12,922 6,555 1,542 Men............................................... Women .......................................... 102,591 107,305 109,584 115,472 117,820 123,776 131,185 137,072 6,993 8,167 8,236 8,304 13,365 13,296 1.1 White............................................. Black............................................. Asian and other2 .............................. 183,326 23,646 2,924 194,098 26,417 4,540 204,671 29,427 7,498 221,512 35,122 11,630 10,772 2,771 1,616 10,573 3,010 2,958 16,841 5,695 4,132 .8 .8 .6 1.6 6.5 1.6 7.4 1.3 3.2 35 45 to 44 to 54 ................................................. ................................................. 55 to 64 ................................................. 65 75 85 1The rate is -0.05 to 0.05. 2The “Asian and other" group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. Source: U.S. Bureau of Census. For 1972 and 1979 data, Preliminary Estimates of the 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1972-79 1979-86 1986-2000 1972-79 1979-86 1986-2000 2,317 745 2,237 2,416 1,044 655 - - 0) 2.0 3.9 1.4 4.0 - .5 -.1 1.6 2.5 2.1 5.2 1.8 .6 .4 2.5 3.5 2.0 3.7 1.0 1.0 .7 .9 .5 .8 Population of the United States, by Age, Sex, and Race: 1970 to 1981, Current Population Re ports, Series P-25, No. 917; for 1986 data, Estimates of the Population of the United States, by Age, Sex, and Race: 1980 to 1986, Current Population Reports, Series P-25, No. 1000: and for 2000 data, Projections of the Population of the United States, by Age, Sex, and Race 1987 to2080, Series No. 1018. Table 5. Civilian labor force and participation rates by sex, age, race, and Hispanic origin, actual 1972, 1979, and 1986, and moderate growth projections 2000 1972 1979 1986 2000 Growth rate Percent change Projected Actual Projected Actual Group Change (in thousands) Level (in thousands) Participation rate 1972 1979 1986 2000 1972-86 1986-2000 1972-86 1986-2000 1972-86 1986-2000 Total, 16 and o v e r............... 60.4 63.7 65.3 67.8 87,037 104,960 117,837 138,775 30,800 20,938 35.4 17.8 2.2 1.2 Men, 16 and o v e r........................ -16 to 19 .................................. 20 to 2 4 .................................. -25 to 3 4 .................................. 79.0 58.1 83.9 95.7 77.8 61.5 86.4 95.3 76.3 56.4 85.8 94.6 74.7 60.2 87.5 93.6 53,556 4,478 6,765 12,349 60,727 5,111 8,534 16,386 65,423 4,102 8,149 19,383 73,136 4,501 7,005 16,559 11,867 -3 7 6 1,384 7,034 7,713 399 - 1,144 - 2,824 22.2 - 8 .4 20.5 57.0 11.8 9.7 - 14.0 - 14.6 1.4 - .6 1.3 3.3 .8 .7 -1 .1 -1 .1 35 to 4 4 .................................. 45 to 54 .................................. -55 to 64 .................................. 65 and over ............................ 96.4 93.2 80.4 24.3 95.7 91.4 72.8 19.9 94.8 91.0 67.3 16.0 93.9 90.1 63.2 9.9 10,372 10,412 7,155 2,025 11,532 10,008 7,213 1,943 15,029 9,994 6,954 1,812 20,133 16,332 7,238 1,368 4,657 -4 1 8 -201 -2 1 3 5,104 6,338 284 -4 4 4 44.9 -4 .0 -2 .8 -1 0 .5 34.0 63.4 4.1 -2 4 .5 - 2.7 .3 .2 .8 2.1 3.6 .3 - 2 .0 Women, 16 and o v e r ................. 16 to 19 .................................. 20 to 24 .................................. 25 to 34 .................................. 43.9 45.8 59.1 47.8 50.9 54.2 69.0 63.9 55.3 52.9 72.4 71.6 61.5 59.2 78.4 82.3 33,481 3,578 5,365 6,609 44,233 4,527 7,233 11,550 52,414 3,824 7,293 15,209 65,639 4,379 6,746 15,098 18,933 246 1,928 8,600 13,225 555 -5 4 7 - 111 56.5 6.9 35.9 130.1 25.2 14.5 - 7 .5 - .7 3.3 .5 2.2 6.1 - 35 to 44 .................................. 45 to 5 4 .................................. 55 to 6 4 .................................. - 65 and over ............................ 52.0 53.9 42.1 9.3 63.6 58.4 41.7 8.3 73.1 65.9 42.3 7.4 84.2 75.4 45.8 5.4 6,028 6,555 4,257 1,089 8,153 6,891 4,718 1,161 12,204 7,746 4,940 1,198 18,438 14,220 5,732 1,026 6,176 1,191 683 109 6,234 6,474 792 -1 7 2 102.5 18.2 16.0 10.0 51.1 83.6 16.0 - 14.4 5.2 1.2 1.1 '.7 3.0 4.4 1.1 - 1.1 Whites, 16 and o v e r................... M e n ......................................... Women .................................. 60.4 79.6 43.2 63.9 78.6 50.5 65.5 76.9 55.0 68.2 75.3 61.5 77,275 48,118 29,157 91,922 53,857 38,065 101,801 57,216 44,585 116,701 62,252 54,449 24,526 9,098 15,428 14,900 5,036 9,864 31.7 18.9 52.9 14.6 8.8 22.1 2.0 1.2 3.1 1.0 .6 1.4 Blacks, 16 and o v e r ................... M e n ......................................... Women .................................. 60.2 73.9 48.8 61.4 71.6 53.2 63.5 71.2 57.2 66.0 70.7 62.1 8,748 4,855 3,893 10,665 5,556 5,109 12,684 6,373 6,311 16,334 7,926 8,408 3,936 1,518 2,418 3,650 1,553 2,097 45.0 31.3 62.1 28.8 24.4 33.2 2.7 2.0 3.5 1.8 1.6 2.1 Asian and other,1 16 and over .. M e n ......................................... Women .................................. 65.9 76.7 56.0 64.9 74.9 55.9 65.8 72.4 60.1 3,352 1,834 1,518 5,740 2,958 2,782 - 2,388 1,124 1,264 - - 2,373 1,314 1,059 - _ - 71.2 61.3 83.3 Hispanics,2 16 and o v e r............. _ 63.5 81.2 47.4 65.4 81.0 50.1 68.7 80.4 56.9 - 5,215 3,182 2,033 8,076 4,948 3,128 14,086 8,303 5,783 - 6,010 3,355 2,655 - M e n ......................................... Women .......................... _ - - - - - 1The “Asian and other” group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. The historic data are derived by subtracting “Black” from the “Black and other" group; projections are made directly. White women (including most of the Hispanic women), who accounted for half the labor force growth during the 1972-86 period, are projected to account for less than half of the projected labor force increase over the next 14 years. Their participation rate, which grew by 12 percentage points between 1972 and 1986, is projected to grow more slowly to the year 2000. During both periods, this was a greater increase than for black women, but by 2000, black women are projected to still have slightly greater participation. The labor force of Hispanic women is projected to in crease by 2.7 million to 5.8 million in 2000, an 85-percent increase. Numerically, this growth is projected to exceed that of black women, even though the female Hispanic labor force would still be smaller than that of black women. The growth reflects both population and participation rate increases. Men have been and are projected to be a majority of the labor force; even though the number of men in the labor force is not changing as dynamically as that of women, it still is changing. It is projected to grow more slowly, by 7.7 million, or 12 percent, during the 1986-2000 period (this compares with 25 percent for women during the same pe riod). Different components of the labor force are growing at different rates; both the older and younger male labor force are projected to drop in size between 1986 and 2000, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - “ 74.4 67.8 84.9 - “ 1.6 1.0 .6 .1 3.9 3.5 4.5 4.1 3.8 4.5 2 Persons of Hispanic origin may be of any race. Labor force data for Hispanics are not available before 1976. Note: Dash indicates data not available. but both groups are projected to actually increase between 1995 and 2000. The change in the size of the young male labor force represents the interplay of population dynamics— the echo of the baby boom and projected participation rate increases. The participation of young men is projected to increase modestly over the entire projection period. However, be tween 1986 and 1995, the number of young men is projected to drop by 1.1 percent yearly, more than offsetting the anticipated rise in participation. By 1995, however, the number of younger groups is projected to increase, and with an increase in participation rates, the number of those in the labor force would then rise. The change in the number of the older men in the labor force also represents the interplay of population and partic ipation. The 55 to 65 age group, whose population is pro jected to decrease over the 1986-95 period, is projected to grow more rapidly than the 65 and older group during the 1995-2000 period. Because the younger group has a higher participation rate and their participation is projected to drop more slowly than that of men over age 65, the entire older male labor force is projected to grow over the 1995-2000 period. However, this growth would not be enough to offset the earlier drop; over the 1986-2000 period, the older male labor force is projected to decline by 160,000. 25 MONTHLY LABOR REVIEW September 1987 • Projections 2000: The Labor Force Over the 1986-2000 period, the fastest growing group among men would be ages 45 to 54, the consequence of the aging of the baby-boom generation. This group is above the age of peak participation, but, because baby-boom men would still be in their prime working years in 2000, the prime age male labor force is projected to be a greater proportion of the labor force than in 1986, 1972, or 1979. The labor force of men ages 45 to 54 is projected to grow 6.3 million, and constitute 30 percent of the 1986-2000 labor force increment. The labor force of black men is projected to grow more rapidly than the overall labor force (1.6 percent annually, compared with 1.2 percent), despite falling participation. This reflects their higher population growth rates. The num ber of white men in the labor force (including most Hispanics) is projected to grow at only half the rate of the overall labor force. Despite this, white men are projected to account for a quarter of labor force growth and are projected to be 45 percent of the 2000 labor force. The number of Hispanic men in the labor force is pro jected to increase by 3.4 million between 1986 and 2000, a greater absolute change than for black men. Their growth rate would be three times that of the overall labor force and more than twice that of black men. By 2000, there are projected to be more Hispanic than black men in the labor force. Hispanic men would make up 6 percent of the 2000 labor force and 16 percent of the labor force growth over the rest of the century. Despite this increase, their participation is anticipated to drop slightly. Alternative scenarios The actual world of work in 2000 will certainly be differ ent from that in 1986 in ways that we cannot anticipate. To give an idea of at least some of the uncertainty, two alterna tive projections of the labor force were prepared. (See table 6.) One assumes slower participation rate changes which is applied to the middle population series, and the other as sumes a higher immigration rate and uses the middle partic ipation rate series. Under the low alternative, the overall 2000 labor force would be 135 million, an expansion of 14 percent over the 1986 level. This slow growth, 1.0 percent annually, is a consequence of the participation rate growing slowly or dropping rapidly. In the middle scenario, overall participa tion is projected to increase 0.3 percent annually. Under this scenario, it would drop at the same rate. Also under the low alternative, labor force participation among women is projected to rise more slowly. This is consistent with the view that the rapid increases of the 1970’s completed their increase in participation. The rapid rise of the past 2 years would be a cyclical response to the recession of the early 1980’s— not a resumption of the high growth of the early and middle 1970’s. Using the participation rates of the middle scenario with the Census Bureau’s high migration series, we find that the Digitized26 for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis labor force increases to 141 million in 2000— 2 million greater than the middle scenario. The only difference be tween the middle and the high migration population projec tions is in the net migration assumption. Despite the higher level of immigration, 160 percent greater, the resulting growth rate of the labor force is only 0.2 percent higher. For the high migration scenario, it was assumed that Hispanics would be the same proportion of the civilian noninstititional population in any new projection as they had been in the previous high migration projection. Under this assumption, this Hispanic labor force would grow at the same rate under both the middle and high scenarios and the Hispanic labor force would be the same share under both scenarios. Under the low participation scenario, Hispanics would initially account for 9.4 percent of the labor force and that share would grow by 3.3 percent yearly to 2000, com pared with the 4.1-percent gain attained in the middle and high scenarios. This analysis suggests that Asians and others are a more significant source of labor force growth in the high migra tion scenario; their share of the labor force would be the same under all three scenarios, but the growth rate is much higher under the high migration scenario—4.4 percent, compared with 3.9 percent in the middle growth scenario, and 3.7 percent in the low scenario. Other insights The median age of the labor force in the post-World War II era peaked in 1962, at 40.6 years. With the entry of the baby-boom generation into the labor force, the median age dropped, reaching a low in 1980 of 34.6 years. By 1986, the median age had risen to 35.3 years, an increase of less than 1 year. The median age of the labor force is projected to reach 38.9 years in 2000, 3.6 years above the 1986 level. Even though the age of the population is increasing rapidly, unless older workers remain in the labor force in greater numbers, the 1962 median is not likely to be attained again. As the population ages, more would be in the ages which had— and are projected to continue to have— declining labor force participation. Table 7 shows median ages of the labor force by race and Hispanic origin, for selected histor ical years and for projected years. To reinforce the point about older workers, persons ages 55 and older constituted 16.7 percent of the labor force in 1972. With the entry of the baby-boom generation (and the continuing drop in participation of older men), workers 55 and over made up only 14.3 percent in 1979. In 1986, after the baby-boom generation had completed their entry, the older group was only 12.6 percent of the labor force. Share of labor force growth If we consider the components of labor force growth, starting in a year for which we have data for all groups, shares of labor force growth for 1976-86 can be compared with the projected share for 1986-2000. Women are pro- Table 6. Three scenarios of the civilian labor force by sex, age, race, and Hispanic origin, projections 2000 Level (in thousands) Participation rate Group High Moderate Low High Moderate Low T o ta l....................... 68.0 67.8 65.7 141,107 138,775 134,517 Men: 16 to 24 years ........... 25 to 54 years ........... 55 years and o ve r. . . . 74.8 74.4 92.6 34.2 74.7 74.3 92.6 34.1 73.2 72.7 90.9 33.4 74,464 11,811 54,009 8,644 73,136 11,506 53,024 8,606 71,729 11,261 52,043 8,425 Women: 16 to 24 years ........... 25 to 54 years ........... 55 years and o v e r___ 61.7 69.6 80.8 21.4 61.5 69.5 80.8 21.4 58.8 68.1 76.2 21.8 66,643 11,365 48,487 6,791 65,639 11,125 47,756 6,758 62,788 10,898 45,007 6,883 W hite.............................. B la ck.............................. Asian and other1 ........... 68.4 66.1 66.0 68.2 66.0 65.8 65.9 64.8 63.9 118,474 16,518 6,115 116,701 16,334 5,740 112,918 16,031 5,568 Hispanic2 ....................... 68.8 68.7 61.9 14,122 14,086 12,675 1 The “Asian and other" group includes American Indians, Alaskan Natives, Asians, and Pacific Islanders. 2 Persons of Hispanic origin may be of any race. jected to account for about the same share of labor force growth as they have in the past. The white share of labor force growth is projected to drop. The black, the Asian and other, and the Hispanic shares are each projected to in crease, with the Hispanic share increasing the most. These calculations show that Hispanics, most of whom are white, are sustaining the white share of growth.9 The non-Hispanic white share (43 percent) is projected to be 18 percentage points less than the 1976-86 share; however, the overall white share is projected to fall only by 7 percentage points. These projections show that non-Hispanic white men, who accounted for 18 percent o f labor force growth from 1976 to 1986 when the baby-boom generation was completing its entry into the labor force, would drop to 8 percent of the 1986-2000 increase. This reflects the fact that most nonHispanic white men are already in the labor force and a slight drop in the participation of older white men. The following tabulation shows the percentage distribution of the labor force by sex, race, and Hispanic origin, and by residency status, 1976-86, and projected, 1986-2000: Over the 1972-86 period, the white female labor force of prime working age grew by 12.2 million and that of their white counterparts, by 9.0 million, the second greatest in crease. White persons of prime age are projected to have the greatest increment to the 1982-2000 labor force, with the number of women increasing by 9.8 million and men, 6.3 million. Because of the birth dearth, the number of younger white men in the labor force is projected to drop. Because of continuing decreases in participation, the number of older white men in the labor force is also expected to drop. These decreases in the number of younger and older white men offset the prime age white male growth in the labor force. One further refinement indicates that the number of nonHispanic prime age white men would increase by 4.9 mil lion or 23.4 percent of the 1986-2000 labor force growth. Over the 1986-2000 period, net migration accounts for almost a fourth of labor force growth. Somewhat more men than women immigrants would join the labor force— the 23.4-percent net migration would be divided into 12.8 per cent for men versus 10.6 for women. As the following tabulations shows, most migration is projected to be by whites, with Asians and others having a greater share than blacks (because the migration scenario used for Hispanics is not consistent with that for the main projection, it is not possible to provide a projection of the Hispanic share of labor force growth due to net migration): M ig ra n t T o t a l ............................................................. R e sid en t 2 3 .4 7 6 .6 ................................................................... 1 2 .8 2 4 .0 W o m e n ............................................................. 1 0 .6 5 2 .6 W h ite B la c k ................................................................ ................................................................ 1 4 .4 2 .3 5 6 .8 1 5 .1 A s ia n an d o t h e r .......................................... 6 .7 4 .7 M en Dependency ratio. With the baby-boom generation in their prime working years and with the small number of births projected between 1986 and 2000, persons who are working are expected to exceed those who do not: E c o n o m ic d e p en d en cy ra tio (b y a g e ) T o ta l U n d er 16 1 6 -6 4 A g e 65 and over G ro u p 1 9 7 6 -8 6 1 9 8 6 -2 0 0 0 1 9 7 2 ....................... 1 3 4 .6 6 2 .3 5 4 .1 1 8 .2 ........................................................ 3 8 .0 3 6 .8 1 9 7 9 ...................... 1 1 0 .2 5 2 .0 3 7 .6 2 0 .6 W o m e n .................................................. 6 2 .0 6 3 .2 1 9 8 6 ...................... 1 0 1 .2 4 6 .5 3 2 .9 2 1 .8 1 9 9 5 ...................... 9 4 .2 4 4 .0 2 7 .0 2 3 .2 8 9 .8 4 0 .8 2 6 .0 2 3 .0 M en W h ite ..................................................... 7 8 .6 7 1 .2 2 0 0 0 ....................... B la c k ..................................................... 1 4 .5 1 7 .4 A s ia n an d o t h e r ............................... 6 .9 1 1 .4 H i s p a n i c ................................................ 1 7 .5 2 8 .7 N o n -H is p a n ic w h i t e ...................... 6 1 .6 4 3 .3 The economic dependency ratio is the number of those in the total population (including Armed Forces overseas) who are not in the total labor force per 100 persons in the total labor force. This ratio declined steadily over the 1972-86 period as the baby-boom generation entered the labor force. The largest component of the dependency ratio is made up of persons under age 16. However, this ratio has been drop ping and is expected to continue to do so throughout the .................................................. 18.1 8 .5 W o m e n ............................................. 4 3 .5 3 4 .8 - 7 6 .6 M en R e s id e n ts ....................................... N e t m ig r a n ts https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ............................... — 2 3 .4 27 MONTHLY LABOR REVIEW September 1987 • Projections 2000: The Labor Force Table 7. Median ages of the labor force, by sex, race, and Hispanic origin, selected historical years and projected years, 1995 and 2000 Historical Projected Group Total ........................................... M e n .............................. Women ......................................... W h ite ......................................... Black ......................................... Aslan and others ............................ Hispanic......................................... 1962 1972 1979 1986 1995 2000 40.5 40.5 40.4 40.9 38.3 37.7 38.1 37.0 38.0 35.4 34.7 35.3 33.9 34.9 33.5 35.3 35.6 34.9 35.5 33.8 35.5 32.6 37.6 37.9 37.1 37.9 36.1 37.2 34.1 38.9 39.3 38.6 39.2 37.2 38.0 35.1 - - - - - 32.2 Note: Dash indicates data not available. entire projection period. With the rising participation of women, the component of the dependency ratio attributed to those ages 16 to 64 has also declined steadily. The change between 1995 and 2000 is modest, reflecting slightly lower participation rates of the largest age group of men, those 45 to 54. The dependency ratio for all persons over 65 has been rising over the entire historical period, a trend projected to continue. The slight drop between 1995 and 2000 reflects the aging of the smaller birth cohort of the 1930’s. Employment-population ratio. With the rise in participa tion, the employment-population ratio is projected to rise. It has been growing over the last 14 years; like overall labor force participation, the rate of increase is projected to slow:10 E m p lo y m e n t-p o p u la tio n r a t i o ____ 197 2 1979 1986 2000 5 7 .0 5 9 .9 6 0 .7 6 3 .7 Keeping in mind the 14-year span of the projections, we can look at 15-year cohorts— those 15 to 29, 30 to 44, 45 to 59, and 60 to 74. Each cohort in the labor force will be in the next older group by the end of each of the time intervals discussed here: Y ea r o f b irth group in the United States were joined by migrants from Europe at a level exceeding the immigration of the 1980’s. By 1986, the group bom during the 1910-24 period were 6 percent of the labor force and virtually all are projected to be out of the labor force in 2000. Those bom during the 1925-39 period could be described as part of the 1930’s birth dearth. Although in their prime working-age years in 1972, they made up less than a third of the work force; this share dropped to a fifth by 1986. As they retire, their share drops to less than 5 percent by 2000. Those bom during 1940-55 are considered pre- and early baby-boom genera tion. They also were more than a third of the labor force when they entered the labor force (in 1972). Like the younger edge of the baby-boom generation, their share grew by 1986. However, as they continue to age, their share is projected to drop and in 2000, they are projected to make up less than a third of the labor force. Those bom during the 1955-69 period entered the labor force between 1972 and 1986. Once this entry was complete, they accounted for more than a third of the labor force. They may be considered the last part of the baby-boom generation. Their labor force share is projected to increase between now and 2000 as the women in this group continue entering the labor force and as younger smaller cohorts reach working age. Where are they now? These changes projected in the labor force by age suggest that it would be interesting to look at some of the major cohorts of the past. Four groups are nominated: the birth dearth of the 1930’s, the baby boom of the late 1940’s, 1950’s, and early 1960’s, the birth dearth of the late 1960’s and early 1970’s, and the echo group of the late 1970’s and the 1980’s. The following tabulation illustrates the passage of these groups through the labor force: P ercent o f la b o r f o r c e 1972 L a b o r f o r c e sh a re 1972 1986 2000 1 9 3 0 ’s d earth . . . . B aby b oom 1 9 5 5 - 6 9 ................................. 1 9 4 0 - 5 4 ................................. 3 4 .9 3 9 .9 3 7 .4 2 8 .3 1 9 2 5 - 3 9 ................................. ......................... 1 9 1 0 - 2 4 ................................. ......................... 2 8 .6 2 1 .2 4 .5 2 7 .2 6 .2 0 .3 1 8 9 5 - 1 9 0 9 .............................. ......................... 8 .4 0 .3 - T h e c o m b i n a t i o n o f c o h o r t s i z e a n d s t a g e in t h e l i f e c y c l e explain the share of labor force. When a cohort is large, but is at a stage in life when participation is low, such as when entering or leaving the labor force, their share will be small. Those bom during 1895-1909 were in the retirement years in 1972, but still accounted for 8.4 percent of the labor force in that year. Those bom 1910-24 who entered the labor force in the late 1920’s and 1930’s, were still almost the same share of the labor force in 1972 as the next generation, despite being in the preretirement years. Those bom into this 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 8 .8 ................. 1 9 7 0 ’s d earth . . . . E c h o ............................ - 1986 G ro w th ra te (p e r c e n t) 2000 1 9 7 2 -8 6 1 9 8 6 -2 0 0 0 1 5 .1 1 .7 .6 5 5 .5 4 9 .8 - - 1 3 .3 0 .4 6 .7 - 2 2 .8 n .2 - 1 0 .4 The persons in the 1930’s birthrdearth group are now in their preretirement years and are projected to be in their late sixties by 2000. The number of these persons in the labor force is projected to plunge in the next 14 years. Their share of the labor force— small in 1986 because of the size of the baby boom— is projected to diminish to near zero by 2000. The baby-boom generation, more than half of the labor force now, will begin shrinking as a share of the labor force as they move towards the years when some may be taking early retirement. Their 2000 labor force is projected to be slightly larger than now— although a smaller percent. The persons in the 1970’s birth dearth group are in their teens and their share of labor force is projected to grow as they begin working; despite their relatively small size, they are ex pected to represent a fifth of the labor force in 2000. Not all the echo to the baby-boom group has been bom as of 1986; in 2000, they are projected to still be entering the labor force, of which they are projected to make up just over a tenth. O -FOOTNOTES1 The Asian and other race group consists of American Indians, Native Alaskans, Asians, and Pacific Islanders. 2 These projections replace those described by Howard N Fullerton, Jr. in “The 1995 labor force: b l s ’ s latest projections,” Monthly Labor Review, November 1985, pp. 17-26; and Howard N Fullerton, Jr. and John Tschetter, “The 1995 labor force: a second look,” Monthly Labor Review, November 1983, pp. 3 -1 0 . 3 Projections of the Population of the United States by Age, Sex and Race: 1987 to 2080, Current Population Reports, Series P-25, No. 1018 (Bureau o f Census, forthcoming). 4 For the most recent evaluation of bls labor force projections, see Howard N Fullerton, Jr., “How accurate were the 1980 labor force projec tions?” Monthly Labor Review, July 1982, pp. 15-21. An evaluation of the labor force projections to 1985 is in progress. For a description of b l s ’ s current projection methodology, see Employment Projections for 1995: Data and Methods, Bulletin 2253 (Bureau of Labor Statistics, 1986). 5 Hispanics may be of any race; their population and labor force numbers are also included in those for whites, blacks, and Asians and others. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 Gregory Spencer, Projections of the Hispanic Population, 1983 to 2080, Current Population Reports, Series P-25, No. 995 (Bureau o f Cen sus, 1986). 7 A cohort is a group experiencing the same event during the same time period— for example, immigrants to the United States during the 1960-64 period or those bom 1930-34. In this article, only birth cohorts are dis cussed. 8 See the following articles in the Monthly Labor Review, September 1987: Ronald E. Kutscher, “Overview and implications of the projections to 2000,” pp. 3 -9; Norman C. Saunders, “Economic projections to the year 2000,” pp. 10-18; Valerie A. Personick, “Industry output and employment through the end of the century,” pp. 30-45; and George T. Silvestri and John M. Lukasiewicz, “A look at occupational employment trends to the year 2000,” pp. 4 6 -6 3 . 9 For the purpose of deriving the share of non-Hispanic whites, it is assumed that 97 percent of Hispanics are white. 10 The employment for 2000 is projected to be 130.4 million, with an unemployment rate of 6.0 percent. See Norman C. Saunders, “Economic projections,” pp. 10-18. A note on communications The Monthly Labor Review welcomes communications that supplement, challenge, or expand on research published in its pages. To be considered for publication, communications should be factual and analytical, not polemical in tone. Communications should be addressed to the Editor-inChief, Monthly Labor Review, Bureau of Labor Statistics, U.S. Depart ment of Labor, Washington, d c 20212. 29 Projections 2000 Industry output and employment through the end of the century Service-producing industries add more than 20 million jobs; employment in manufacturing declines , but the output share o f the Nation’s factories is projected to hold steady V a l e r ie A. P e r s o n ic k More than 21 million new jobs are projected to be added to the U.S. economy between 1986 and the year 2000, bring ing total employment to just over 133 million. Many indus tries are projected to share in this expansion and enjoy strong job growth, but several, especially some in manufac turing, are not. This article describes the trends of industry output and job growth projected by the Bureau of Labor Statistics for the remainder of the 20th century. The 21 million new jobs translate into an increase of 19.2 percent over the projection period, or annual growth of 1.3 percent. This compares to annual rates of job growth of 2.6 percent over the 1972-79 period, and 1.4 percent over the 1979-86 period. Thus, projected employment increases are expected to occur at a slower pace than in the past. Three projections of employment were prepared— a mod erate, a low, and a high. This article focuses on the moder ate growth scenario. The demographic and economic assumptions of this scenario are described in detail in com panion articles by Howard N Fullerton, Jr., and Norman C. Saunders, on pp. 10-29 of this issue. Some of the key trends which especially affect the industry projections are: • A continued slowdown in labor force growth following the 1970’s surge, during which the baby-boom genera tion entered the work force and women’s labor force participation rose dramatically; • Average growth of 2.4 percent a year in real gross na tional product ( g n p ) between 1986 and 2000, and unem ployment tapering from a 7.0-percent rate in 1986 to 6.0 percent by 2000; Valerie A. Personick is an economist in the Office of Economic Growth and Employment Projections, Bureau of Labor Statistics. 30 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • Higher productivity growth, especially in manufacturing, which allows production to expand without correspond ing job gains; • Improvements in the Nation’s international trade balance, as the exchange value of the dollar is projected to return to a level more consistent with long-term relationships; imports will continue to make inroads in some key sec tors, but the export market, especially for U.S. capital goods, should expand faster; • Defense spending growing in real terms, at least through 1990, because of projects already approved, but begin ning a modest decline after that. Goods versus services The 133 million jobs in the year 2000 will be even more concentrated in service-producing sectors than are jobs today, because virtually all of the net increase of 21 million jobs are in the service-producing sector; although some goods-producing industries are projected to grow, others are projected to decline, with a net employment change of zero. As table 1 shows, 119 million of the 133 million total jobs are expected to be nonfarm wage and salary jobs, or payroll employment. The rest are in nonfarm self-employment and unpaid family work, 9.7 million; private household work, 1.2 million; and agriculture (both payroll and selfemployed), 2.9 million. Of the nonfarm wage and salary jobs, 3 out of 4 were in service-producing industries in 1986; by the year 2000, almost 4 out of 5 are projected to be. The goods-producing sector, in contrast, is expected to show virtually no net change, as declines in manufacturing and mining just offset projected increases in construction. Manufacturing employment is projected to fall from 19 mil lion in 1986 to 18.2 million by 2000. The structural drop in total factory jobs has been occur ring since 1979, and for many individual manufacturing industries, the decline started much earlier. In 1979, manu facturing employment peaked at just over 21 million jobs, but over the 1980 and 1981-82 recessions, about 2.8 mil lion of those jobs were lost. Since the trough of the last recession in November 1982, employment in manufacturing has made a partial comeback, but new economic conditions have suppressed full recovery. The high value of the dollar compared to foreign currencies, for example, resulted in unprecedented levels of merchandise imports into the United States, and domestic firms tended to find that their long-established cost structures prevented them from com peting with these cheaper imports. Many firms engaged in cost-cutting and restructuring, closing some older plants and streamlining others. This restructuring and cost-cutting, along with other factors such as contracting out, technolog ical advances, new capital investment, and energy substitu tion, to name a few, pushed productivity gains in manufac turing to a brisk 3.4-percent pace between 1983 and 1986, compared to 2.3 percent in the 1970’s. Output reached record high levels in 1986. The projections of manufacturing employment incorpo rate a continued restructuring, but the rate of job contraction is expected to slow in the future. The average annual rate of decline in factory jobs was —1.4 percent during the years 1979-86; the 1986-2000 projected rate is just -0 .3 percent. In contrast to jobs, factory output is projected to show very strong growth during the 1986-2000 period. At 2.3 percent a year, it is expected to be only slightly below the rate of increase in total g n p . Demand for U.S. manufactured products is projected to be high for a number of reasons. First, exports are projected to recover some of their markets as the value of the dollar continues to fall, with the rate of growth exceeding that projected for imports. Second, do mestic demand for capital goods is expected to be robust as low real interest rates spur investment. Finally, already scheduled defense expenditures for communications equip ment, missiles, and aircraft should stimulate those sectors for several years to come. As a result of these factors, manufacturing production, especially of durable goods, is projected to hold a steady 33-percent share of total output through the next decade. Manufacturing jobs, by compari son, are projected to drop from 19 percent of total payroll employment in 1986 to 15 percent by 2000. Industry output and employment trends Agriculture. Agricultural production is projected to re cover from its 1983-86 slump as the declining dollar stimu lates a modest recovery of agricultural exports. However, it is not expected that U.S. exports can regain the world dom inance they once enjoyed. This is because several former customer nations have not only achieved self-sufficiency but have in fact become net exporters of the agricultural prod ucts they once imported. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis One portion of the agricultural sector— the agricultural services, forestry, and fishery products industry— has been posting very rapid growth and is projected to continue to do so. Employment in this industry has been growing, in con trast to long-term steady declines in farm production jobs. About 245,000 new jobs are projected to be added in agri cultural services between 1986 and 2000, compared to losses of 585,000 in crop and livestock production. Most of the gains in agricultural services are in landscaping and horticultural services (such as lawn services). Thus, even within the agricul tural sector, the shift to services is inexorable. The overall decline in total agricultural jobs from 1972 to 1986 occurred entirely among the self-employed and unpaid family workers. In contrast, wage and salary farm jobs have actually increased, and are expected to continue to do so, as the following tabulation shows: C h an ge in em p lo ym en t (th o u sa n d s) T o ta l a g ricu ltu r e ...................... 1 9 7 2 -8 6 1 9 8 6 -2 0 0 0 -2 6 6 -3 4 0 -6 1 9 353 -4 8 8 148 S e lf -e m p lo y e d and u n p a id f a m ily j o b s ......................... W a g e an d salar y j o b s ... This reflects the closure of many smaller, family-owned farms, and the increasing concentration of farming opera tions among fewer, larger producers. Mining. The b l s projections for the mining sector incor porate the latest energy assumptions for the year 2000 from the U.S. Department of Energy.1In this scenario, imports of crude petroleum rise enormously from present levels, re flecting the assumption that the current worldwide oil glut will be absorbed. Domestic production of crude oil is pro jected to drop by almost one-fourth over the 1986-2000 period, while imports are projected to more than double. Correspondingly, employment in crude oil production is projected to fall even further below 1986’s depressed level, but some of the recent job loss in exploration services is expected to be made up by the year 2000 because of higher oil prices in the 1990’s. Coal production is projected to grow as an alternative energy source, but high productivity in this industry results in the continued shrinking of employment. (See table 6 for detailed projections of industry employment.) Metal mining is not projected to recover any of the deep cuts experienced in both output and employment since 1979. Demand for U.S. primary metals and, in turn, metal mining activity were severely reduced in the 1980-82 reces sions, and did not pick up again in the recovery period. In 1986, output of U.S. metal mines was less than threefourths of the 1979 level, and employment was only about two-fifths. Further losses are projected, although at a much slower rate. The primary metals manufacturing industries are projected to either decline or to be among the slowest31 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Industry Output and Employment Construction employment is projected to rise by 890,000 between 1986 and 2000, to 5.8 million wage and salary jobs. The rate of increase, 1.2 percent a year, is just slightly below the projected total job growth in the economy. growing of all the industries studied in the b l s projections. As a result, production of U.S. metal mines is projected to decline and another 14,000 jobs are projected to be lost. Construction. The real value of new and maintenance construction is projected to grow by 1.4 percent a year between 1986 and 2000, slightly faster than long-term his torical trends but slower than the 2.4-percent projected for overall g n p growth. New construction is especially sensitive to cyclical fluctuations, but demographic factors play a part as well. Because of an expected slowdown in the rate of new household formation in the 1990’s, residential construction is projected to slow dramatically. A little growth is expected for new single-family homes and for residential alterations and additions, but this will be just about offset by declines in new apartment and condominium construction and in farm housing. Nonresidential construction is projected to recover from the recent oversupply of office and commer cial space, and will grow about 2.0 percent a year during the 1986-2000 period. Table 1. Manufacturing. Manufacturing is projected to lose 834,000 jobs by 2000, a rate of decline of —0.3 percent a year. Output, in contrast, is projected to almost keep pace with total g n p growth, averaging 2.3 percent a year. Heavy investment in capital accumulation and the continued win nowing out of less efficient operations, among other factors, are expected to result in substantial productivity growth. The following tabulation presents wage and salary employ ment estimates (in thousands) for 1979 and 1986, and pro jected to 2000: 1979 M a n u fa c tu r in g 1986 2000 ....................................... 2 1 ,0 4 2 1 8 ,9 9 4 1 8 ,1 6 0 D u r a b l e s ............................................... 1 2 ,7 6 2 1 1 ,2 4 4 1 0 ,7 3 1 7 ,7 5 0 7 ,4 2 9 N o n d u r a b l e s ....................................... 8 ,2 8 0 Employment by major sector, 1972, 1979, 1986, and projected to 2000 Employment (in thousands) Change, 1986-2000 Projected, 2000 Sector 1979 1972 1986 Low Moderate High Low Moderate High Total ......................................................................... 84,549 101,353 111,623 126,432 133,030 137,533 14,809 21,407 25,910 Nonfarm wage and salary1 .................................. Goods-producing............................................... M ining............................................................ Construction ................................................. Manufacturing ............................................... Durable ...................................................... Nondurable ............................................... 73,514 23,668 628 3,889 19,151 11,050 8,101 89,481 26,463 958 4,463 21,042 12,762 8,280 99,044 24,681 783 4,904 18,994 11,244 7,750 113,554 23,148 672 5,643 16,833 9,654 7,179 119,156 24,678 724 5,794 18,160 10,731 7,429 123,013 25,906 779 6,077 19,050 11,193 7,857 14,510 -1,533 -111 739 -2,161 -1,590 -571 20,112 -3 -5 9 890 -834 -513 -321 23,969 1,225 -4 1,173 56 -51 107 Service-producing1 ........................................... Transportation and public utilities................. Wholesale trad e............................................. Retail trade ................................................... Finance, insurance, and real estate ............. Services1 ........................................................ Government................................................... 49,846 4,541 4,113 11,835 3,907 12,117 13,333 63,018 5,135 5,204 14,989 4,975 16,768 15,947 74,363 5,244 5,735 17,845 6,297 22,531 16,711 90,406 5,410 7,015 21,795 7,508 30,778 17,900 94,478 5,719 7,266 22,702 7,917 32,545 18,329 97,107 5,903 7,361 23,079 8,159 33,708 18,897 16,043 166 1,280 3,950 1,211 8,247 1,189 20,115 475 1,531 4,857 1,620 10,014 1,618 22,744 659 1,626 5,234 1,862 11,177 2,186 Agriculture ............................................................ Private households............................................... Nonfarm self-employed and unpaid family workers 3,523 1,693 5,819 3,401 1,326 7,145 3,252 1,241 8,086 2,784 1,122 8,972 2,917 1,215 9,742 3,009 1,234 10,277 -478 -119 886 -335 -2 6 1,656 -253 -7 2,191 Percent distribution of wage and salary employment Average annual rate of change (in percent) Projected, 2000 1986-2000 1972-79 1972 1979-86 Low Moderate 1979 1986 Low High Moderate High Total ......................................................................... 2.6 1.4 0.9 1.3 1.5 _ — _ _ — — Nonfarm wage and salary1 .................................. Goods-producing............................................... M ining............................................................ Construction ................................................. Manufacturing ............................................... Durable ..................................................... Nondurable ............................................... 2.8 1.6 6.2 2.0 1.4 2.1 .3 1.5 -1.0 -2.8 1.4 -1.4 -1.8 - .9 1.0 - .5 -1.1 1.0 - .9 -1.1 - .5 1.3 .0 .6 1.2 .3 .3 .3 1.6 .3 .0 1.5 .0 .0 .1 100.0 32.2 .9 5.3 26.1 15.0 11.0 100.0 29.6 1.1 5.0 23.5 14.3 9.3 100.0 24.9 .8 5.0 19.2 11.4 7.8 100.0 20.4 .6 5.0 14.8 8.5 6.3 100.0 20.7 .6 4.9 15.2 9.0 6.2 100.0 21.1 .6 4.9 15.5 9.1 6.4 Service-producing1 .......................................... Transportation and public utilities................. Wholesale trad e............................................. Retail trade ................................................... Finance, insurance, and real estate ............. Services1 ........................................................ Government................................................... 3.4 1.8 3.4 3.4 3.5 4.8 2.6 2.4 .3 1.4 2.5 3.4 4.3 .7 1.4 .2 1.4 1.4 1.3 2.3 .5 1.7 .6 1.7 1.7 1.7 2.7 .7 1.9 .8 1.8 1.9 1.9 2.9 .9 67.8 6.2 5.6 16.1 5.3 16.5 18.1 70.4 5.7 5.8 16.8 5.6 18.7 17.8 75.1 5.3 5.8 18.0 6.4 22.7 16.9 79.6 4.8 6.2 19.2 6.6 27.1 15.8 79.3 4.8 6.1 19.1 6.6 27.3 15.4 78.9 4.8 6.0 18.8 6.6 27.4 15.4 Agriculture ............................................................ Private households............................................... Nonfarm self-employed and unpaid family workers - .5 -3.4 3.0 .6 .9 1.8 -1.1 - .7 .8 - 1 Excludes Standard Industrial Classifications 074,5,8 (agricultural services) and 99 (nondassifiable establishments). Therefore, the estimates are not exactly comparable with data pub- 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - .8 .1 1.3 - .6 .0 1.7 — — — — — — — — — — — — — — — Hshed in E m p lo ym e n t a n d E arnings. — — — Table 2. Distribution and growth of real domestic output by major sector, 1972, 1979, 1986, and projected to 2000 Percent distribution Sector Projected, 2000 1972 1979 1986 Low Moderate High found in the George T. Silvestri and John M. Lukasiewicz article on occupational projections (pp. 46-63 of this issue), but in general, manufacturing employment is expected to shift away from production and assembly-line jobs toward professional, managerial, and technical occupations: P e r c e n t o f e m p lo ym en t Total .................................. 100.0 100.0 100.0 100.0 100.0 100.0 Goods-producing ............... Mining........................... Construction .................. Manufacturing................. Durable...................... Nondurable ................. 48.3 4.8 7.9 35.6 18.0 17.6 46.5 4.0 6.9 35.6 18.3 17.3 43.5 3.3 6.8 33.4 17.0 16.4 41.0 2.4 5.7 33.0 17.6 15.3 41.5 2.3 6.0 33.2 17.9 15.3 42.1 2.3 6.5 33.2 17.8 15.4 Service-producing............... Transportation and public utilities....................... Wholesale trade ............. Retail trade.................... Finance, insurance, and real estate ....................... Services....................... Government .................. 47.9 50.0 53.1 55.6 55.1 54.4 8.6 4.8 6.6 9.1 4.9 6.7 8.1 5.6 7.4 8.3 5.8 7.8 8.4 5.9 7.5 8.4 6.0 7.5 10.0 10.8 7.1 10.8 12.0 6.5 11.6 13.8 6.6 11.8 15.4 6.5 12.0 15.4 6.0 11.7 15.1 5.7 Agriculture ....................... Private households............. 3.6 .2 3.3 3.3 .1 3.3 .1 3.3 .1 3.4 .1 . Average annual rate of change (in percent) 1986-2000 1972-79 1979-86 Low Moderate High Total ................................... 2.9 1.6 1.6 2.4 3.0 Goods-producing ................. Mining............................ Construction .................... Manufacturing.................. Durable....................... Nondurable .................. 2.3 .3 1.0 2.9 3.1 2.6 .6 -1 .4 1.3 .6 .5 .8 1.0 - .9 .1 1.3 1.7 2.0 - .2 1.4 2.3 2.7 1.8 2.7 .4 2.6 2.9 3.3 2.5 Service-producing................. Transportation and public utilities......................... Wholesale trade ............... Retail trade...................... Finance, insurance, and real estate ......................... Services ......................... 3.5 2.4 1.8 2.6 3.1 3.6 3.1 3.2 .0 3.6 3.0 1.6 1.6 1.8 2.6 2.7 2.4 3.2 3.4 3.1 Government .......................... 4.1 4.4 1.7 2.5 3.6 1.8 1.6 2.3 1.2 2.6 3.2 1.5 3.0 3.7 1.8 Agriculture ......................... Private households............... 1.7 - 3 .7 1.4 3.0 1.5 .8 2.4 .2 3.3 .4 .9 - Because most of the driving force behind the strong man ufacturing output growth stems from investment in and ex ports of capital equipment, output growth is projected to be sharper for durable goods than for nondurables. Durable manufacturing industries are projected to average produc tion growth of 2.7 percent a year, while nondurables will average 1.8 percent a year. In fact, of the 79 separate durable manufacturing industries in the economic projec tions system, only 5 are not expected to post any output gains. The exceptions are railroad equipment and four of the primary metals industries; all the other durable goods indus tries are projected to expand. Similarly, productivity gains are expected to be higher in durable goods industries, result ing in a net decline of 513,000 jobs, compared with a drop of 321,000 in nondurable manufacturing. At the same time, it should be noted that the occupational composition of the remaining 18.2 million manufacturing jobs in 2000 is expected to change. More details can be https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D u ra b le s N o n d u ra b le s 1986 2000 1986 2000 A ll m a n u fa c tu r in g o c c u p a tio n s . . . M a n a g e r ia l, p r o fe s s io n a l, 1 0 0 .0 1 0 0 .0 1 0 0 .0 1 0 0 .0 t e c h n i c a l .......................................... . .................... 1 9 .9 2 3 .4 1 2 .8 1 4 .7 2 .2 2 .3 4 .1 4 .6 1 1 .3 1 0 .2 1 2 .6 1 2 .2 1 1 .0 1 1 .2 6 .6 6 .8 4 7 .3 4 4 .9 5 5 .5 5 3 .6 M a r k e tin g an d s a le s A d m in is tr a tiv e su p p o rt, c le r ic a l ............................................ . P r e c isio n p r o d u c tio n ................... O th e r p r o d u c tio n ty p e j o b s * .. . ^ M ech anics, m achine operators, hand assem blers, m aterial m overs . laborers In fact, although manufacturing in total is projected to drop 834,000 jobs, there will actually be an increase of 258,000 engineering, scientific, and technical positions and 85,000 more managerial jobs. The shift is more pronounced in industries where imports play a significant role. In some cases, design and engineer ing are done domestically, but much of the actual assembly is performed overseas. The product is then brought into this country under the brand name of the domestic parent. In these cases— electronic home entertainment equipment as an example— the U.S. firm acts essentially as a design and marketing agent. Following is a discussion of the outlook for selected man ufacturing industries. (See table 6 for the full output and employment detail.) Industrial machinery (except computers and office equip ment). Despite some growth in 1984, 1985, and 1986, virtually all of the heavy industrial machinery industries have yet to regain 1979’s peak production levels. Many of them rely on exports for a large share of their markets (between 10 and 30 percent of output), and with the wide disequilibrium in the price of the dollar in recent years, exports fell and imports gained ground— considerable ground in some industries. In addition, primary domestic markets for some of the machinery manufacturers have been depressed, particularly farming and mining. Similarly, employment is still far below 1979’s levels. About 500,000 fewer jobs were found in heavy machinery industries in 1986 than in 1979, shrinking demand having forced the closing of inefficient plants, complete restructur ing of some industries, and the drastic streamlining of others. The outlook for machinery, except electrical, is for a recovery in production to new peak levels (except in a few of the sectors), rapid productivity growth, and some job gains— but not enough to even come close to 1979’s em ployment levels. 33 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Industry Output and Employment This projection varies among the individual machinery producers. General industrial machinery (pumps, compres sors, industrial ovens, fans, general purpose robots, and so forth) is projected to post 1.9-percent annual output growth (somewhat slower than prerecession trends) and to add about 13,000 jobs to 1986’s employment level of 255,000. Exports rise above 1985 ’s depressed level but imports are projected to increase their market share from about 22 per cent in 1985 to more than 26 percent by 2000. (Imports are calculated as a percent of the total value of output in con stant 1982 dollars.) Miscellaneous nonelectric machinery (which includes such items as pistons, valves, and carbure tors) is projected to have 2.2-percent annual output growth, which again is slower than past trends, and to add about 26.000 jobs to reach an employment level of 301,000 by 2000. Exports and imports are relatively small in this sector. The employment level represents a new peak for the indus try, because productivity growth is projected to be rather low; the large number of small firms and the diversity of products limit widespread automation. Metalworking ma chinery is also characterized by low productivity growth because of the many job shops in the industry, but sluggish growth in domestic output (because of weak demand and rising imports) causes employment in the b l s projections to fall from 304,000 in 1986 to 281,000 by 2000. Computers and office equipment. The computer manufac turing industry has been one of the fastest growing U.S. industries over the last 25 years and, despite rising imports, it is one of the few manufacturing industries to show a consistently large trade surplus. Job gains have been rapid in the industry since the mid-1970’s, but since 1984, em ployment levels have fallen as the growth of domestic output slowed. The nature of work in this industry is uncharacteris tic of manufacturing industries as a whole as reflected in its high concentration of scientific personnel and its relatively low concentration of production workers.2 More than 25 percent of employment in computer manufacturing con sists of engineers, technicians, and systems analysts, while production workers represent only 35 percent. For manufac turing as a whole, production workers accounted for 68 percent of all jobs in 1986, although, as noted earlier, occu pational shifts away from production-type occupations are projected to occur. Output growth for computers is expected to slow consid erably over the next 14 years, although the industry is still projected to be the fastest growing in the economy in terms of output. The slowdown occurs as the industry matures and its size makes it difficult to expand at past rates of growth; future technological advances are not assumed to have the same dramatic impact as the introduction of the minicom puter or the microcomputer. However, demand is expected to be buoyed by rapidly expanding purchases by private consumers. Employment is projected to expand by about 85.000 jobs to 503,000 in 2000, with even more of a shift from production to research and development occupations. 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Electrical and electronic equipment. The fastest growing industries within this sector are projected to be semiconduc tors and miscellaneous electronic components. Despite sig nificant import growth, domestic production increases in these industries will rank them among the top five of all U.S. industries. Also enjoying rapid output growth of more than 5 percent a year will be the X-ray and electromedical apparatus industry, as demand for sophisticated health equipment continues unabated. Defense demand will not have as much of an impact on the communications equip ment industry as in the past, but the slack is expected to be taken up by increases in private investment purchases of such items as satellites, fiber optics systems, broadcasting equipment, and industrial laser systems. The rapid production gains in these electrical equipment industries are expected to lead to some job growth, but it is almost totally offset by declines in other, related industries. Overall employment in electrical equipment manufacturing is projected to remain at 2.1 million jobs. T a b le 3 . P r o je c te d o u t p u t t r e n d s f o r s e le c te d in d u s t r ie s , 1 9 8 6 -2 0 0 0 Fastest growing Average annual rate of change (percent) Electronic computing equipment................................................................ Arrangement of passenger transportation ................................................. Semiconductors and related devices......................................................... Miscellaneous electronic components....................................................... Amusement and recreation services, n.e.c................................................. X-ray and other electromedical apparatus................................................. Optical and ophthalmic products................................................................ Child day care services ............................................................................. Computer and data processing services................................................... Electronic home entertainment equipment ............................................... 7.4 5.9 5.8 5.5 5.5 5.2 5.1 5.1 4.9 4.9 Residential c a re ......................................................................................... Medical instruments and supplies.............................................................. Outpatient facilities and health services, n.e.c............................................ Research, management, and consulting services .................................... Radio and tv communication equipment................................................... Oil and gas field services........................................................................... Telephone and telegraph apparatus .......................................................... Partitions and fixtures................................................................................. Office and miscellaneous furniture and fixtures......................................... Drugs ......................................................................................................... 4.9 '4 .4 4.4 4.3 4.2 4.1 4.1 4.0 4.0 4.0 Slowest growing or most rapidly declining Average annual rate of change (percent) New farm housing, alterations, and additions ........................................... Crude petroleum, natural gas, and gas liquids........................................... Footwear except rubber and plastic ......................................................... New nonfarm housing, n.e.c........................................................................ Railroad equipment ................................................................................... Luggage, handbags, and leather products, n.e.c........................................ Metal mining .............................................................................................. Blast furnaces and basic steel products ................................................... Iron and steel foundries ............................................................................. New conservation and development facilities .......................................... -3.2 -2.0 -2 .0 -1.7 -1 .3 -1.0 - .8 - .8 - .7 - .4 Tobacco manufactures............................................................................... Watch, clock, jewelry, and furniture repair................................................. New local transit facilities........................................................................... New gas utility and pipeline facilities......................................................... Ship and boat building and repairing.......................................................... Private households..................................................................................... Miscellaneous primary and secondary m eta ls........................................... Mobile homes ............................................................................................ Jewelry, silverware, and plated w are......................................................... New nonbuilding facilities, n.e.c................................................................... - .2 - .2 - .1 - .0 .2 .2 n.e.c. = not elsewhere classified. .3 .4 .4 .5 Table 4. Projected employment trends for wage and salary workers, selected industries, 1986-2000 Fastest growing Average annual rate of change (percent) Computer and data processing services................................................... Outpatient facilities and health services, n.e.c............................................ Personnel supply services ......................................................................... Offices of health practitioners.................................................................... Credit reporting and business services, n.e.c.............................................. Legal services ............................................................................................ Nursing and personal care facilities .......................................................... Research, management, and consulting services .................................... Residential c a re .......................................................................................... Miscellaneous publishing ........................................................................... 5.2 4.6 4.4 4.4 4.1 3.8 3.8 3.6 3.5 3.4 Equipment rental and le asing.................................................................... Accounting, auditing, and services, n.e.c.................................................... Personal services, n.e.c............................................................................... Detective and protective services.............................................................. Credit agencies and investment offices..................................................... Advertising.................................................................................................. Services to dwellings and other buildings ................................................. Individual and miscellaneous social services............................................. Automotive rentals, without d riv e rs ............................................................ Arrangement of passenger transportation ................................................. 3.4 3.2 3.1 3.1 2.9 2.9 2.9 2.9 2.7 2.6 Most rapidly declining Average annual rate of change (percent) Railroad transportation............................................................................... Footwear except rubber and plastic .......................................................... Railroad equipment ................................................................................... Metal mining .............................................................................................. Miscellaneous primary and secondary m eta ls........................................... Luggage, handbags, and leather products, n.e.c........................................ Blast furnaces and basic steel products ................................................... Iron and steel foundries ............................................................................. Electronic home entertainment equipment ............................................... -3.9 -3 .6 -3.4 -3.1 -2.3 -2.3 -2.2 -2.1 -2.1 Agricultural chemicals ............................................................................... Dairy products ............................................................................................ Petroleum refining ...................................................................................... Grain mill products and fats and o ils .......................................................... Tobacco manufactures............................................................................... Tires and inner tu b e s ................................................................................. Plastics materials and synthetics .............................................................. Coal mining ................................................................................................ Ship and boat building and repairing......................................................... Sugar and confectionery products.............................................................. Aircraft......................................................................................................... -1.9 -1.9 -1.9 -1.8 -1.8 -1.8 -1.7 -1.6 -1.6 -1.6 -1 .5 n.e.c. = not elsewhere classified. Transportation equipment. BLS projects that employment in the auto industry will fall below the 1986 level, as taper ing demand and higher productivity offset the trend toward more domestic-based production of foreign automobiles. Domestic production is expected to slow to about 2.0 per cent a year, somewhat below pre-1979 rates of growth and trailing the 2.4-percent projected growth rate of gnp. The slowdown reflects a projected absolute decline in the size of the 16- to 34-year-old population, which accounts for the majority of first-time car buyers. This dampening trend offsets the expectation that there will be a larger number of older car buyers, who generally buy higher priced cars. At the same time, investment in new auto plants with the latest automated production techniques leads to a projected 3.2percent gain in productivity. Slower demand and high pro ductivity outweigh the assumption that Japanese automakers will expand their U.S. operations— a likely event as the rising value of the yen relative to the dollar forces Japanese car prices to less competitive levels. Imports (in dollar https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis terms) are projected to hold a slightly smaller share of the market than at present, about 22 percent in 2000, as imports from Japan shrink but those from the Third World rise. In total, domestic output of the motor vehicle industry is pro jected to grow only about 2.0 percent a year during the 1986-2000 period (compared to 2.4 percent for gnp), and employment to fall from 865,000 to 749,000 jobs. The aircraft industry is expected to see production gains of only 0.8 percent a year, considerably slower than recent trends. The turnabout mainly results from the assumption of tapering defense demand following current high levels, but it is tempered somewhat by accelerated export growth. The industry is expected to be able to remain competitive in the export market through cost-cutting and productivity im provements—jobs are projected to shrink from 339,000 in 1986 to 274,000 in 2000. Similar trends apply in the aircraft and missile engines and equipment industry— an increase in exports buoy output growth but the numbers of jobs fall from 385,000 in 1986 to 330,000 in 2000. Instruments and related products. Demand is projected to be very high for many products in this industry, especially for optical instruments (in particular, spectrographs and electron microscopes), medical instruments, measuring and controlling devices, and engineering and scientific instru ments. These industries have typically experienced very rapid output growth, and continued strong demand reflects the assumed high levels of research and development spend ing by U.S. manufacturers on this type of equipment in the future. Employment will grow from 707,000 in 1986 to 771,000 in 2000, or about 9 percent over the entire period. Primary and fabricated metals. Primary metals have suf fered by far the largest job contraction of all the manufactur ing sectors in the 1979-86 period, shrinking by 40 percent. All the primary metals industries have been affected, but basic steel and iron and steel foundries have lost the most jobs. The 1980-82 recessions accelerated a long-term de cline in steel— the peak employment year for steel was 1965 and for production, 1974— and the industry closed many of its plants and cut production and jobs drastically. Large capital expenditures would be necessary to improve the competitiveness of raw steel production in the United States, but recent financial losses by most of the large steel companies have led instead to reduced capital expenditures. Also, this industry is faced by worldwide excess capacity, making needed capital improvements very risky. The industry’s declines are projected to ease in the future because most of the more inefficient mills have already closed, but no rebound is anticipated. U.S. steel output in real terms is projected to fall —0.8 percent a year over the 1986-2000 period (compared to —8.9 percent during the 1979-86 period), and employment to deline by —2.2 per cent annually (versus —10.3 percent over the 1979-86 pe riod). (The year 1986 may have been atypical because of a strike in the industry, but clearly, long-term trends are 35 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Industry Output and Employment sharply negative.) Imports are projected to rise in value from 22.5 percent of total output in 1985 to almost 31 percent by 2000. Most of the import increases are expected to be in the form of semifinished steel for further processing in U.S. finishing mills, which are relatively more efficient than the Nation’s raw steel manufacturing plants. Demand for steel and other primary metals will be sharply limited by the continued shift to other inputs (such as plastics and com posites) in transportation equipment, machinery, and other manufactured goods. Fabricated metal products lost 285,000 jobs between 1979 and 1986, and the sector is projected to lose another 120,000 by 2000. Among the fabricated metals industries, structural metal products of the type used in construction are projected to post output growth at about the same rate as new construction, 1.7 percent a year, but more efficient production techniques will result in continued employment declines. Metal coating, engraving, and allied services is the only fabricated metals industry projected to add jobs. It is expected to enjoy fairly strong output growth (2.9 percent a year), because about 10 percent of its output is purchased by the fast-growing electronic components industry. Productiv ity advances in this industry are limited by the large number of small firms and by product diversity. Food products. Overall output of food products is pro jected to grow slower than past trends, reflecting the future slowdown in population growth. Changing demographics and consumer preferences will boost demand for higher valued food items, such as prepared convenience foods, while limiting growth for others, such as sugar and confec tionery products. The meat products industry is projected to register 1.6percent annual output growth, with exports rising faster than domestic consumption. Canned, dried, and frozen foods is Table 5. Industries projected to generate the largest num bers of new wage and salary jobs, 1986-2000 Industry New jobs (thousands) Eating and drinking p la ce s...................................................................... Offices of health practitioners.................................................................. New and repair construction.................................................................... Nursing and personal care facilities ........................................................ Personnel supply services ....................................................................... State and local government education ................................................... Machinery and equipment wholesalers................................................... Computer and data processing services................................................. Grocery store s.......................................................................................... Hotels and other lodging places .............................................................. 2,471 1,375 890 852 832 784 614 613 598 574 Outpatient facilities and health services, n.e.c.......................................... State and local general government, n.e.c................................................ Research, management, and consulting services .................................. Legal services .......................................................................................... Credit agencies and investment offices................................................... Credit reporting and business services, n.e.c............................................ Hospitals, priva te ..................................................................................... Department stores ................................................................................... Real estate .............................................................................................. Services to dwellings and other buildings ............................................... 547 546 531 522 499 497 481 386 353 341 n.e.c. = not elsewhere classified. Digitized for36 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis projected to have the fastest output growth of all the food sectors, 2.2 percent a year. Strong demand for high-priced frozen dinners and other frozen specialties will more than offset diminishing purchases of canned fruits and vegeta bles. The market for alcoholic beverages is expected to erode further as consumers continue to change their drinking habits. Output of domestic beer, wine, and liquor has shown no growth in real terms since 1979, and is projected to recover to only 1.0-percent annual growth over the 1986— 2000 period. This compares to 3- to 4-percent average growth for the industry prior to 1979. Soft drinks and flavor ings (including carbonated waters) are projected to reap some of the benefits of flat beer and liquor sales, but be cause of slow growth in both the teen population and the number of fast food establishments, output of soft drinks will grow much slower than historically. Efficiencies in food production are projected to continue to increase over the next decade, especially in grain mill products and in dairy products. Employment has been de clining or has remained essentially unchanged in most food industries over the past 25 years, and this trend is expected to continue. Meat products, the largest food industry in terms of employment, is projected to add 10,000 jobs to reach 382.000 by 2000, but overall, food industries combined are estimated to lose 161,000 jobs between 1986 and 2000. Apparel and textiles. Rising real disposable income will boost consumer demand for apparel, but a larger proportion of output will come from foreign suppliers. Clothing im ports are expected to claim a 37-percent market share by 2000, compared to an already high 28 percent in 1985. Despite rising imports, domestic production of apparel is projected to expand by 1.1 percent a year, because of the strong consumer demand and because continued cost cutting measures will keep U.S. apparel prices competitive. Nevertheless, employment in the industry is projected to fall from 921,000 in 1986 to 763,000 in 2000, a cutback of 158.000 jobs. Textile mill products will benefit from both the steady growth in domestic apparel production and from the contin ued diffusion of new, automated technologies. Although imports are expected to increase their market share slightly, U.S. textile manufacturers are projected to be able to enjoy a healthy expansion of production. Floor covering mills are expected to be the fastest growing of the textile industries, with output rising 3.0 percent a year. Employment in tex tiles will continue to fall, however. About 300,000 jobs have been cut back in textile industries since the peak year 1973, and 99,000 fewer jobs are expected by 2000. Printing and publishing. Printing and publishing is one of the few manufacturing sectors to have registered consistent job gains in the last few years. Even during the recession, both output and employment increased steadily. Despite the introduction of electronic composition systems and other new technologies in the larger firms, employment gains in printing and publishing have actually accelerated from past rates to average 2.6 percent a year over the 1979-86 period. The explanation for this growth lies in sharp increases in demand for new trade journals and newsletters, catalogs and directories, software manuals, new specialty magazines such as health and fitness and regional magazines, commer cial printing and business forms, elementary school text books, and greeting cards. Also, the industry encompasses a large number of small, widely scattered firms, which often have only limited capacity to invest in the newer technolo gies. Occupational shifts also are occurring within the print ing trades industries, from fewer typesetters and other craftworkers to more front-office personnel such as writers, editors, managers, and salesworkers. Growth is projected to continue to be strong through the 1990’s, and all of the printing and publishing industries are projected to show increases in both output and employment between 1986 and 2000. The most rapid growth will be for miscellaneous publishing, with 3.6-percent per year output gains and 3.4-percent employment growth. Chemicals and allied products. The chemical industry en compasses a variety of products, each with a somewhat different outlook. Industrial chemicals are projected to con tinue their upswing from the 1980-82 recessions, but future expansion is limited. Once an important export industry, the domestic chemical sector has seen a weakening in world wide demand as many foreign countries have invested in their own chemical manufacturing facilities. In contrast, substantial output growth is projected for plastics materials and synthetics, reflecting for the most part gains for plastics and resins (such as carbon fiber resin for autos and air planes), but little or no growth in synthetic fibers. The plastics materials and synthetics industry traditionally has enjoyed high productivity, however, and employment is expected to continue to fall despite sharp output advances. The fastest growing chemical industry, and indeed one of the fastest growing industries in the whole economy in terms of output, is drugs and pharmaceutical products. Ad vances in biomedical research have led to a vast array of important new drugs, and it is expected that these will be adopted widely in coming years. Also, an expanding elderly population which spends more of its income on medicines than any other age group will boost demand. Output of drug products is projected to grow 4.0 percent a year, and em ployment is expected to rise by 17,000 to 224,000 in 2000. Service-producing industries Overall trends for the service-producing sector are pro jected to be vastly different from those in the goods sector. Payroll job growth will be very strong for almost all of the service-producing industries, particularly health services, business services, and trade. Service-producing employ ment will constitute about 80 percent of all wage and salary https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis jobs by the year 2000. More than 20 million new jobs are projected to be added to the service-producing sector be tween 1986 and 2000. Transportation. In recent years, deregulation has boosted employment in the air transportation industry as many smaller firms entered the market and price competition stim ulated demand. But, in the long-run, consolidation and take overs are expected to dampen the rate of job growth. Em ployment has been growing by more than 7 percent a year since 1983, but future increases are expected to be limited to 1.7 percent annually. This represents a gain of 151,000 jobs between 1986 and 2000. The slowdown occurs as un successful competitors cut back on routes or merge with larger companies. Along with the recent rise in airline transportation output and employment, there has been a corresponding boom in the arrangement of passenger transportation (travel agen cies). With the proliferation and constant revision of new routes and new fares, the traveler has turned from the airline itself to an independent travel agent to make reservations. Employment in travel agencies and independent ticket of fices rose from 99,000 in 1980 (the first year for which separate data were available for the industry) to 158,000 in 1986, and an additional 69,000 jobs are projected to be added by 2000. Demand for truck transportation is generally dependent on the state of the economy; the value of trucking output is projected to post 2.2-percent annual growth over the 1986— 2000 period. Consolidations are anticipated to have an im pact in this industry as well, and projected employment growth is limited to 1.5 percent annually. Greater effi ciencies in scheduling, marketing, and cost control are ex pected to make possible greater gains in output than in employment. Communications. The breakup of the telephone service monopoly in 1983 thus far has not led to real output gains, and employment in communications (except broadcasting) is beginning to edge downward from the 1.1 million mark maintained through most of the 1970’s and 1980’s. Compe tition in the 1990’s is expected to lead to an employment decline of about 121,000 (or —0.9 percent a year), but real output is projected to advance 3.9 percent a year as demand for telecommunications surges. Radio and television broadcasting has seen the develop ment of cable tv systems, which provided a further boost to already expanding output and employment. Growth should taper as the market becomes saturated, and the projections show a deceleration to 1.7-percent annual job gains during the 1986-2000 period, compared to 2.6 percent over the 1982-86 period. Wholesale trade. Over the projection period, wholesale trade is expected to add 1.5 million jobs, about 600,000 of them among machinery and equipment suppliers. This gain 37 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Industry Output and Employment is a consequence of the earlier described assumptions of strong capital investment and export growth in these manu facturing industries. Retail trade. In retail trade, 4.9 million jobs will be added. Although a very sizable number, the rate of gain projected for retail jobs falls considerably below historical trends for two reasons: (1) the trade division generally mir rors overall economic patterns, and as growth in the labor force and total employment moderates, retail trade can be expected to do likewise; and (2) a large part of the past additions to retail trade employment have been part-time workers, about 40 percent during the 1973-85 period,3 but trends indicate that this growth in the part-time labor force may not continue indefinitely. As the following tabulation shows, part-time employment is mainly concentrated among teenagers and women in the 25-to-54 and 55-and-older age groups: Part-time workers, 19864 Number (thousands) T o t a l ........................................................ Percent of total 2 0 ,5 9 8 1 0 0 .0 2 ,3 2 6 1 1 .3 2 ,468 12.0 ............................................. 1,300 6 .3 W o m e n ....................................... 1 ,8 4 1 8 .9 16-19: M en ...................... W o m e n ....................................... 20-24: M en 25-54: M en ............................................. 1,758 8 .5 W o m e n ....................................... 7 ,3 9 9 3 5 .9 5 5 an d over: ............................................. 1,438 7 .0 W o m e n ....................................... M en 2 ,068 10.0 However, the supply of these workers is projected to be very limited in the future. The teenage labor force will show a net increase of only 195,000 between 1986 and 2000— consist ing of an absolute decline of 1.5 million over the 1986-92 period (resulting from the “birth dearth” of the 1960’s and 1970’s) and an increase of 1.7 million over the 1992-2000 period (reflecting the larger numbers of births to baby-boom parents in the 1980’s). The net impact of teenage labor force changes is to shrink this age group from 6.9 percent of all workers in 1986 to 6.0 percent by 2000. Additionally, data clearly indicate a declining preference by women for part-time work. The following tabulation shows women voluntarily working part time as a percentage of all employed women for selected recent years: Percent part-time ............................... .................................... ............................... .................................... 2 4 .1 ............................... .................................... ............................... .................................... 2 3 .2 1982 1984 ............................... .................................... 2 1 .9 1986 ............................... .................................... 2 1 .7 1976 1978 1980 38 FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 3 .7 2 2 .9 Retailers in some areas have already found it difficult to staff their part-time positions, and there is much discussion about alternative sources of labor, such as older workers, to fill these jobs. This might be a partial solution in the longer term, as the labor force age 55 and over is projected to increase dramatically between 1986 and 2000. However, it does not seem a promising interim solution unless many early retirees can be induced to return to part-time work within the next few years. Although the number of workers aged 55 to 64 is projected to increase by 1.7 million between 1986 and 2000— an unprecedented addition— it does not come close to matching the expected increase in retail trade jobs. Furthermore, all of the increase in the labor force of older persons begins to occur only after 1995. The projected employment data in this article do not dis tinguish between part-time and full-time jobs, but an exam ination of the average workweek can provide some indica tion of expected trends. Average weekly hours in retail trade dropped from 35.6 in 1972 to 29.2 in 1986 (and to 25.6 in eating and drinking places), clearly a reflection of the growth in part-time employment. This decline, however, is beginning to moderate and is assumed to slow further in the projections. The rate of decline in the workweek averaged —0.8 percent a year from 1972 to 1979 for retail trade (other than eating and drinking places) and —2.1 percent for eating and drinking establishments. Over the more recent period 1979-86, the workweek decline averaged —0.7 and —0.6 percent, respectively. The projected decline is only —0.2 percent a year for retail trade and —0.3 percent for eating and drinking establishments. Among individual retail industries, eating and drinking places will have the most growth in jobs, 2.5 million, but the rate of increase will be much slower than historically. In particular, the proliferation of fast-food establishments, which generated many jobs in the past, should taper off as the market becomes saturated and as population growth slows, especially that of the teenage population. Some addi tional growth is expected for eating and drinking places as the practice of contracting out food service operations reaches more markets, such as hospitals, residential institu tions, and schools. Grocery stores are projected to add 598,000 new jobs by 2000, reflecting both a trend toward providing more laborintensive services (such as carry-out prepared meals, meat and deli counters, fish counters, and salad bars), as well as the continued expansion of store hours. Department stores will gain 386,000 jobs, and miscellaneous shopping goods stores are projected to add 339,000. (This latter sector in cludes such establishments as sporting goods, jewelry, book, gift, and stationery stores.) Finance and insurance. Banking, credit agencies, and in vestment offices should enjoy very substantial rates of out put growth, but consolidation and technological advances in automatic banking and other financial transactions will sharply slow past rates of employment gain. The output growth is expected as demand for financial services contin ues unabated, although the projected rates of increase are not expected to match those of recent years. In 1985 and 1986, falling interest rates and a bull market caused a surge in mortgage banking services and brokerage services. The projected long-term rates of output growth for these services are more in line with past longer term trends. Employment in finance is expected to grow less rapidly than in the past, but even so, there are projected to be 262,000 more jobs in banking, 495,000 more in credit agencies and investment offices, and 134,000 more in security and commodity bro kers and exchanges by the year 2000. It should be noted that the distinctions among these sectors are blurring, as deregu lation eliminates many restrictions on financial services. The value of insurance services is projected to grow at about the same rate as g n p , 2.3 percent a year during the 1986-2000 period. Because of greater efficiencies in com puterized underwriting, job gains will be limited— only 168,000 for insurance carriers and 214,000 for independent agents and brokers. Services division. The major industry division, services, is composed of many different types of activities— business, health, professional, recreational, personal, and educa tional, to name a few. Overall, services has been and is projected to be the fastest growing division in terms of employment, adding 10 million new jobs between 1986 and 2000. In 1986, it accounted for about 23 percent of all nonfarm wage and salary jobs; in 2000, it will account for more than 27 percent. More than 32 million payroll jobs will be in the services division in the year 2000. Despite such awesome growth, the projected gains do not match past increases, due to the overall slowdown of labor force and employment growth expected in the 1990’s. Over the period 1972-86, the services division added 10.4 mil lion new jobs; its rate of growth averaged 4.5 percent a year. The projected rate of increase 1986-2000 is 2.7 percent a year. Following is a discussion of some of the major industries within the services division. Business and professional services. For the current set of projections, it has been possible because of an expansion in b l s data series to study more of the detailed business serv ices industries to try to get a clearer picture of where growth will occur. As can be seen in table 6, virtually all the business services industries are projected to have very rapid rates of output and employment growth, much faster than the in creases in g n p or overall employment. The development of new types of specialized services continues to accelerate, thereby boosting employment in the business services sector. The most rapidly growing business services industry and, in fact, the most rapidly growing of all the industries in the projections system in terms of employment, will be com puter and data processing services. The need for systems design and analysis, programming, and software develop https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ment is certain to be very strong, reflecting the demand for specialized systems by business and government as well as the proliferation of packaged software for a wide variety of users. The heavy investment in computer-assisted design and manufacturing techniques which is assumed for the 1990’s inevitably will lead to a sharp increase in demand for computer specialists. Employment in the industry is pro jected to swell by 5.2 percent a year, just about doubling its 1986 level to reach 1.2 million by 2000. The business services industry with the biggest absolute increase in employment will be personnel supply services, gaining more than 800,000 jobs over 1986’s 1.0 million level by the year 2000. This industry has been one of the most rapidly expanding in recent years, almost doubling in employment over the period 1982-86. Several factors help explain the phenomenal growth in personnel services. Most important has been the expansion in the temporary help industry.3 The demand for temporary help has been very strong because of lower fringe benefit costs— “temps” typically have fewer benefits than perma nent employees— and because of employers’ need to meet peak workloads under uncertain economic conditions. On the supply side, many workers have been willing to work as temporaries because of the opportunities for flexible scheduling of assignments and the chance for skill enhance ment. The temporary field is not limited only to office workers; the market is expanding to include industrial, med ical /managerial, and engineering and technical occupations as well. The projected rate of job growth for temporary help, however, is not expected to match the gains of 1982-86 because a large part of that surge was associated with cycli cal recovery from the 1980-82 downturns. Despite a slow down, however, growth of the temporary help industry will still be very strong. Another factor contributing to growth in personnel supply services has been the trend by government to contract out operations previously performed by public employees. The operation of private prisons under contract with State and local governments is an example. The rise in public facilities management by private firms will foster additional growth in the personnel supply industry. Contracting out, not only by government agencies but also by private business establishments, has also had an impact on the building services and protective services in dustries. In addition, the office and commercial building boom in recent years boosted the demand for contract clean ing and guard services. Future gains should be slower as construction tapers and the trend toward contracting out levels off. Thus, projected increases for the services to dwellings industry and the detective and protective services industry are not expected to match historical rates. Some new growth is anticipated for protective services in the field of mechanical protective devices and polygraph services, but these two areas are relatively small compared to building guard services. 39 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Industry Ouput and Employment The development of new services should keep demand for the research, management, and consulting services industry very strong. Included in this industry are independent labo ratories for research and development (nonmedical, and not manufacturing auxiliaries), market research, personnel training or management, economic research, efficiency ex perts, lobbyists, and other business consultants. Output is projected to grow 4.3 percent a year during the 1986-2000 period, a rate second only to that of computer services among all the business services industries. Some 513,000 new jobs are projected to be added to 1986’s level of 788,000, an increase of nearly two-thirds over the period 1986-2000. The equipment rental and leasing sector shows very high projected output and employment growth rates (ranking among the top 20 for employment) primarily because of video tape rentals. The rest of this industry includes the leasing of tools and heavy construction equipment, which is not expected to be a high-growth service. (Computer leasing is not included here; rather, it is accounted for either in the computer services industry or in the computer manufactur ing industry.) The credit reporting and business services not-elsewhereclassified sector has very rapid projected growth primarily because of the “not-elsewhere-classified” designation. All the new business services that do not fit any other category are included in this industry. Examples are mailing list compilers, word processing services (typing), building in spectors, tourist and convention bureaus, restaurant reserva tion services, speakers’ bureaus, merchandise liquidators, check validating services, and so on. Historically, employ ment growth in this industry has been very sharp, averaging about 60,000 new jobs each year since 1983. Future gains for miscellaneous business services should be more limited as the size of the industry reaches some upward limit. Em ployment increases in credit reporting and miscellaneous business services over the next 14 years are projected to average about 36,000 a year, for a total employment level of 1.2 million by 2000. The legal services industry has been booming, reflecting the increasing incidence of liability litigation; corporate mergers and acquisitions; high divorce levels; the geo graphic expansion of law firms; a greater degree of legal specialization within firms; and an increase in litigation in general. In addition, trends in the industry indicate a shift from self-employed workers toward more wage and salary personnel. Payroll employment in legal services grew by 7.4 percent each year between 1972 and 1986, while the number of self-employed (plus unpaid family workers) posted only 0.7-percent annual growth. These trends— very rapid demand growth and fewer self-employed lawyers— are projected to continue in the legal services industry. An additional 519,000 payroll jobs are projected for the legal services industry by the year 2000. This represents a 3.8percent annual rate of increase, ranking legal services among the top 10 fastest growing employment industries. A 40 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis rising proportion of these jobs are expected to be filled by legal assistants, rather than attorneys. Like factory automation in manufacturing industries, of fice automation in business (and financial) service industries will have a significant impact on the occupational structure of those industries. It is expected that administrative support occupations, mainly in the clerical field, will account for a much smaller share of the work force. In some cases, even the absolute numbers of such jobs will decline, for example, stenographers, payroll and timekeeping clerks, typists and word processors, data entry keyers, and statistical clerks. Health services. Industries providing medical care are un dergoing very pronounced changes having important impli cations for future growth. Cost containment policies have halted— at least temporarily— the expansion of hospital out put and employment, and more of the services once per formed in a hospital now are being performed in doctors’ offices and in outpatient facilities. Patient care is generally cheaper in these centers than in traditional hospitals, provid ing an impetus for future growth. New group practices such as emergency care clinics, surgicenters, and walk-in treat ment centers, are becoming commonplace. Often these es tablishments perform their own radiological and laboratory work. This shift from hospital to outpatient care is projected to continue and, coupled with an increasing demand for medical care services, will significantly boost employment in establishments classified as offices of health practi tioners. It is projected that 1.4 million new payroll jobs will be added to this industry between 1986 and 2000, reflecting a rate of growth of 4.4 percent a year. Demand for health care is projected to be very strong in the 1990’s because of the aging of the population and be cause of dramatic advances in medical technologies. The following tabulations illustrate the large projected increase in the elderly population and the reasons why this factor is so significant for the health industries: P o p u la tio n (m illio n s) 65 a n d o ld e r 85 and o ld e r A s p ercen t o f to ta l 65 a n d o ld e r 85 a n d o ld e r 0 .7 1 9 7 0 ................................. . 2 0 . 1 1 .4 9 .8 1975 1 .8 1 0 .5 .8 2 .3 1 1 .3 1.0 ................................. . 2 2 . 7 1 9 8 0 ................................. . 2 5 . 7 1 9 8 5 .................................... . 2 8 . 5 2 .7 11.9 1.1 P r o je c te d 2 0 0 0 ........... . 3 4 . 9 4 .9 13.0 1.8 1 9 8 2 - 8 3 h ealth e x p en d itu res a s a p e r c e n t o f to ta l e x p en d itu res T o ta l h e alt h care . .. M ed ical services . D r u g s and s u p p l i e s H e a lt h in su r a n c e . A ll con su m er u n its C o n su m er un it h ea d a g e 65 o r o v e r 4 .4 2 .4 9 .9 4.1 .7 2 .0 1 .2 3 .8 Table 6. Employment by selected industry, 1972, 1979, 1986, and projected to 2000 Industry Total......................................................................................... Agriculture.................................................................................................... Livestock and livestock products.............................................................. Other agricultural products ...................................................................... Agricultural services, forestry, and fishing ............................................... Private households........................................................................................ Nonfarm self-employed and unpaid family workers .................................... Nonfarm wage and salary ........................................................ Mining ........................................................................................................... Metal m ining.............................................................................................. Coal mining .............................................................................................. Crude petroleum, natural gas, and gas liquids......................................... Oil and gas field services ......................................................................... Nonmetallic minerals, except fuels .......................................................... Standard Industrial Classification _ 01,2,7,8,9 01 pt., 02 pt. 01 pt., 02 pt. 07,08,09 88 — 10-14 10 11,12 131,2 138 14 Construction ................................................................................................ 15,16,17 Manufacturing .............................................................................................. Durable manufacturing ............................................................................. Lumber and wood products.................................................................. Logging camps and logging contractors........................................... Sawmills and planing mills ................................................................ Millwork and structural wood members, n.e.c..................................... Veneer and plywood ......................................................................... Wood containers and miscellaneous wood products........................ Mobile homes ................................................................................... 20-39 24,25,32-39 24 241 242 2431,4,9 2435,6 244,9 2451 Annual rate of change, 1986-20001 (percent) Employment (thousands) Projected, 2000 1972 1979 1986 Low Moderate High Employment Output 84,549 101,353 111,623 126,432 133,030 137,533 1.3 2.4 3,523 1,365 1,699 459 1,693 5,819 3,401 988 1,785 628 1,326 7,145 3,252 848 1,534 875 1,241 8,086 2,784 629 1,045 1,110 1,122 8,972 2,917 677 1,120 1,120 1,215 9,742 3,009 745 1,087 1,177 1,234 10,277 - .8 -1.6 -2.2 1.8 - .1 1.3 2.4 1.4 3.0 3.0 .2 - 73,514 89,481 99,044 113,554 119,156 123,013 1.3 - 628 83 161 143 125 116 958 101 259 198 276 124 783 41 176 224 233 109 672 20 140 169 253 91 724 27 141 184 271 102 779 29 149 192 302 106 - .6 -3.1 -1.6 -1.4 1.1 - .5 - .2 - .8 2.2 -2.0 4.1 1.4 3,889 4,463 4,904 5,643 5,794 6,077 1.2 1.4 19,151 11,050 726 69 225 122 75 124 80 21,042 12,762 767 89 237 150 77 132 57 18,994 11,244 711 83 194 184 61 118 49 16,833 9,654 603 67 137 209 44 96 34 18,160 10,731 693 71 173 227 57 106 42 19,050 11,193 763 72 188 254 68 109 50 - .3 - .3 - .2 -1.1 - .8 1.5 - .5 - .8 -1.1 2.3 2.7 1.9 2.7 1.5 1.7 2.6 2.1 .4 Furniture and fixtures ........................................................................... Household furniture ........................................................................... Partitions and fixtures......................................................................... Office and miscellaneous furniture and fixtures................................ 25 251 254 252,3,9 484 337 56 91 498 329 65 104 497 294 72 131 515 280 72 163 563 311 80 172 607 351 81 175 .9 .4 .7 2.0 3.1 2.2 4.0 4.0 Stone, clay, and glass products............................................................ Glass and glass products.................................................................. Concrete, gypsum, and plaster products........................................... Stone, clay, and miscellaneous mineral products ............................ 32 321,2,3 327 325,6,8,9 678 193 210 243 710 199 216 262 586 155 209 199 483 121 184 162 535 138 206 173 560 146 217 179 - .6 - .8 - .1 -1.0 1.4 1.2 1.5 1.6 Primary metal industries ....................................................................... Blast furnaces and basic steel products ........................................... Iron and steel foundries .................................................................... Miscellaneous primary and secondary m etals.................................. Aluminum rolling and drawing............................................................ Nonferrous wire drawing and insulating ........................................... Aluminum foundries........................................................................... 33 331 332 334,9 3353,4,5 3357 1,173 568 219 36 1,254 571 241 51 76 89 753 275 131 42 65 77 489 166 81 25 53 60 574 202 97 30 55 68 646 229 109 37 60 71 46 58 53 40 45 46 -1.9 -2.2 -2.1 -2.3 -1.2 - .9 -1.2 Fabricated metal products.................................................................... Metal cans and shipping containers ................................................. Cutlery, hand tools, and hardware ................................................... Plumbing and nonelectric heating equipment .................................. Fabricated structural metal products................................................. Screw machine products, bolts, rivets, and so fo rth ......................... Forgings ............................................................................................ Automotive stampings ....................................................................... Stampings, except automotive .......................................................... Metal coating, engraving, and allied services .................................. Ordnance, except vehicles and m issiles........................................... Miscellaneous fabricated metal products........................................... 34 341 342 343 344 345 3462,3 3465 3466,9 347 348 349 1,547 85 161 71 444 100 88 82 224 1,718 80 184 76 523 116 63 118 124 107 64 264 1,433 58 136 61 438 93 39 105 100 110 77 216 1,172 45 115 53 340 73 34 75 85 112 67 174 1,313 50 127 56 385 84 38 91 88 126 74 193 1,361 52 130 59 394 88 41 104 90 129 77 197 Machinery, except electrical.................................................................. Engines and turbines......................................................................... Farm and garden machinery ............................................................ Construction machinery .................................................................... Mining and oilfield m achinery............................................................ Materials handling machinery and equipment .................................. Metalworking machinery.................................................................... Special industry machinery .......................................................... General industrial machinery ...................................................... Electronic computing equipment.................................................. Office and accounting machines .................................................. Refrigeration and service industry machinery ............................... Miscellaneous nonelectrical machinery............................................. 35 351 352 3531 3532,3 3534,5,6,7 354 355 356 3573 3572,4,6,9 358 359 1,889 115 135 139 65 89 286 177 267 182 77 164 191 2,485 145 182 156 120 106 369 205 329 319 78 188 286 2,059 102 91 80 68 79 304 159 255 418 57 171 275 1,951 85 80 71 74 75 250 130 242 466 43 149 287 2,129 93 80 76 83 87 281 140 268 503 51 166 301 2,171 92 85 76 95 92 286 138 273 510 49 169 306 Electrical and electronic equipment ..................................................... Electric distributing equipment .......................................................... Electrical industrial apparatus............................................................ Household appliances ...................................................................... Electric lighting and wiring equipment............................................... Electronic home entertainment equipment ...................................... Telephone and telegraph apparatus................................................. Radio and tv communication equipment........................................... Electronic tu b e s ................................................................................. Semiconductors and related devices ............................................... Miscellaneous electronic components............................................... Storage batteries and engine electrical parts.................................... 36 361 362 363 364 365 3661 3662 3671,2,3 3674 3675,6,7,8,9 3691,4 1,813 128 209 187 204 139 160 299 46 115 193 94 2,117 126 251 178 225 115 165 357 42 201 281 118 2,124 107 187 135 196 82 127 505 40 268 323 95 1,927 79 159 112 163 61 94 472 26 280 343 74 2,128 99 175 121 185 61 116 542 34 289 352 86 2,222 110 178 132 191 67 132 585 36 276 354 89 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3361 85 104 .1 - .8 - .7 .3 1.1 1.6 1.4 - .6 1.8 -1.1 - .5 - .6 - .9 - .7 - .1 1.3 - .2 - .8 1.9 1.4 1.7 1.6 1.0 1.4 2.4 2.9 2.7 1.9 2 - .6 -1.0 - .4 1.4 .7 - .6 - .9 .3 1.3 - .7 - .2 .7 4.5 1.4 1.2 1.8 2.0 3.1 1.8 .9 1.9 7.4 3.7 2.9 2.2 .0 .6 .5 .8 3.9 2.4 2.0 2.5 1.6 4.9 4.1 4.2 -1.0 - .9 1.0 - - .4 -2.1 - .6 .5 -1.1 .5 .6 - .7 .6 5.8 5.5 2.3 41 MONTHLY LABOR REVIEW Table 6. September 1987 • Projections 2000: Industry Output and Employment Continued— Employment by selected industry, 1972, 1979, 1986, and projected to 2000 Industry Standard Industrial Classification Employment (thousands) Projected, 2000 1972 1979 1986 Low X-ray and other electromedical apparatus......................................... Electrical equipment and supplies, n.e.c............................................. Annual rate of change, 1986—20001 (percent) 3693 3692,9 Moderate High - 26 30 32 27 41 23 45 24 46 25 1,790 875 415 383 77 287 224 76 193 49 86 2,077 990 463 441 86 333 298 81 226 74 74 2,016 865 396 387 82 339 385 153 185 28 61 1,516 679 307 306 67 243 282 120 129 16 47 1,697 749 335 340 75 274 330 124 147 17 55 Employment Output 2.5 .9 5.2 3.0 1,742 770 343 350 78 282 339 129 151 17 55 -1.2 -1.0 -1.2 - .9 - .7 -1.5 -1.1 -1.5 -1.6 -3.4 - .7 1.7 2.0 1.9 2.1 3.0 .8 2.0 .8 .2 -1.3 3.4 - Transportation equipment .................................................................... Motor vehicles................................................................................... Motor vehicles and car bodies........................................................ Motor vehicle parts and accessories............................................. Truck and bus bodies, trailers, and motor homes.......................... Aircraft................................................................................................ Aircraft and missile engines and equipment .................................... Guided missiles and space vehicles................................................. Ship and boat building and repairing................................................. Railroad equipment ........................................................................... Miscellaneous transportation equipment........................................... 37 371 3711 3714 3713,5,6 3721 3724,8,3764,9 3761 373 374 375,9 Instruments and related products.......................................................... Engineering and scientific instruments ............................................. Measuring and controlling devices ................................................... Optical and ophthalmic products........................................................ Medical instruments and supplies..................................................... Photographic equipment and supplies ............................................. 38 381 382 383,5 384 386 517 65 160 55 90 117 691 72 236 77 144 134 707 84 246 71 180 115 692 89 227 74 204 90 771 94 267 79 226 97 791 96 272 80 234 102 .6 .8 .6 .8 1.6 -1.2 3.7 3.3 3.4 5.1 4.4 2.9 Miscellaneous manufacturing................................................................ Jewelry, silverware, and plated ware ............................................... Toys and sporting goods ............................................................ Manufactured products, n.e.c.............................................................. 39 391 394 393,5,6,9 433 52 126 255 445 61 121 263 362 54 94 214 306 50 76 179 329 52 85 192 329 48 86 195 - .7 .3 .7 .8 1.9 .4 3.1 1.9 8,101 1,745 347 217 255 172 258 117 91 137 152 8,280 1,733 358 180 261 189 231 110 85 153 166 7,750 1,617 372 163 238 156 210 97 71 141 169 7,179 1,421 380 123 227 120 180 76 56 117 142 7,429 1,456 382 125 235 122 182 78 59 122 150 7,857 1,512 390 129 252 124 188 82 64 131 153 - .3 - .7 .2 -1.9 - .1 -1.8 -1.0 -1.6 -1 .3 -1.0 - .8 1.8 1.5 1.6 1.2 2.2 1.7 .9 .5 1.0 1.5 1.8 Nondurable manufacturing ....................................................................... Food and kindred products .................................................................. Meat products ................................................................................... Dairy products.................................................................................... Canned, dried, and frozen foods........................................................ Grain mill products and fats and o ils ................................................. Bakery products................................................................................. Sugar and confectionery products ................................................... Alcoholic beverages........................................................................... Soft drinks and flavorings.................................................................. Miscellaneous foods and kindred products....................................... 20-23,26-31 20 201 202 203 204,7 205 206 2082,3,4,5 2086,7 209 Tobacco manufactures ......................................................................... 21 Textile mill products............................................................................... Weaving, finishing, yarn and thread mills ......................................... Knitting mills ..................................................................................... Floor covering mills ........................................................................... Miscellaneous textile goods .............................................................. 22 221,2,3,4,6,8 225 227 229 Apparel and other textile products ........................................................ Apparel .............................................................................................. Miscellaneous fabricated textile products ......................................... 23 231-8 239 Paper and allied products .................................................................... Pulp, paper, and paperboard mills ................................................... Converted paper products except containers .................................. Paperboard containers and boxes ................................................... 26 261,2,3,6 264 265 Printing and publishing ......................................................................... Newspapers ..................................................................................... Periodicals.......................................................................................... Books ................................................................................................ Miscellaneous publishing .................................................................. Commercial printing and business forms ......................................... Blankbooks and bookbinding ............................................................ Printing trade services ...................................................................... 75 70 59 40 46 47 -1.8 985 583 268 62 72 886 528 227 61 70 706 388 207 56 55 582 302 183 56 42 607 316 186 60 46 653 337 198 68 51 -1.1 -1.5 - .8 .5 -1.3 1.6 1.4 1.4 3.0 1.7 1,382 1,206 176 1,304 1,115 189 1,105 921 184 903 744 158 924 763 161 965 799 166 -1.3 -1 .3 -1.0 1.3 1.1 2.1 689 273 196 220 706 271 221 214 675 249 230 196 633 218 243 172 655 223 256 176 715 233 284 198 - .2 - .8 .8 - .8 2.4 2.6 2.7 1.8 27 271 272 273 274 275,6 278 279 1,094 382 63 96 38 394 58 41 1,235 420 82 102 46 455 63 43 1,458 458 115 109 72 557 73 51 1,643 508 131 121 106 612 82 65 1,706 520 137 126 115 635 86 67 1,798 541 147 133 125 671 90 69 1.1 .9 1.3 1.1 3.4 .9 1.2 1.9 3.0 1.7 3.1 2.4 3.6 3.6 3.1 3.5 Chemicals and allied products.............................................................. Industrial chem icals........................................................................... Plastics materials and synthetics ..................................................... Drugs ................................................................................................ Soap, cleaners, and toilet goods........................................................ Paints and allied products ................................................................ Agricultural chemicals ...................................................................... Miscellaneous chemical products..................................................... 28 281,6 282 283 284 285 287 289 1,009 284 229 159 122 69 56 90 1,109 333 212 192 139 69 70 93 1,023 291 167 207 147 63 55 93 912 250 125 217 147 50 39 86 950 258 132 224 154 53 42 89 1,017 272 143 235 167 58 47 95 - .5 - .9 -1.7 .6 .3 -1.2 -1.9 - .3 2.6 1.9 3.0 4.0 2.4 1.6 1.6 2.9 Petroleum and coal products................................................................ Petroleum refining ............................................................................. 29 291 195 151 210 165 169 131 120 96 127 100 134 106 -2.0 -1.9 .6 .6 Rubber and miscellaneous plastics products ...................................... Tires and inner tu b e s ......................................................................... Rubber products and plastic hose and footwear .............................. Miscellaneous plastics products....................................................... 30 301 302,3,4,6 307 631 122 166 343 781 127 166 488 789 88 135 566 825 65 108 653 861 69 112 680 913 75 119 720 .6 -1.8 -1.4 1.3 3.1 1.4 2.0 3.7 Leather and leather products................................................................ Footwear except rubber and plastic ................................................. Luggage, handbags, and leather products, n.e.c............................... 31 313,4 311,5,6,7,9 296 - 246 161 85 152 96 56 99 61 38 98 58 40 103 58 45 -3.1 -3.6 -2.3 -1.5 -2.0 -1.0 4,541 2,678 5,135 3,021 5,244 3,041 5,410 3,315 5,719 3,500 5,903 3,568 .6 1.0 2.6 2.4 Transportation and public utilities ................................................................ Transportation .......................................................................................... 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 40-42,44-49 40-42,44-47 - - .2 Table 6. Continued— Employment by selected industry, 1972, 1979, 1986, and projected to 2000 Industry Standard Industrial Classification Annual rate of change, 1986-20001 (percent) Employment (thousands) Projected, 2000 1972 1979 1986 Low Moderate High Employment Output 1,309 1,121 188 805 493 220 92 331 282 1,382 174 570 158 126 1,279 1,041 238 924 582 216 126 167 300 1,627 146 690 217 153 1,130 845 284 965 602 200 164 190 308 1,713 159 721 227 164 1,222 920 302 998 613 210 175 203 315 1,740 167 725 230 172 1,320 978 342 1,015 621 214 180 -3.9 .6 1.5 - .6 1.7 2.6 1.9 - .3 - .9 1.7 .6 .4 - .2 2.4 .7 1.3 2.2 1.7 3.7 5.9 3.0 3.9 3.9 3.9 2.1 2.4 1.5 3.4 4,113 353 869 536 225 5,204 439 1,261 648 225 5,735 431 1,445 757 200 7,015 479 1,988 876 187 7,266 496 2,059 907 194 7,361 502 2,086 919 197 1.7 1.0 2.6 1.3 - .2 2.7 - 52-59 531 541 551,2 554 56 58 591 594 11,835 1,706 1,578 814 649 784 2,860 452 375 14,989 1,878 2,002 881 577 949 4,513 489 569 17,845 1,978 2,523 947 596 1,070 5,879 563 746 21,795 2,261 2,984 906 387 1,292 8,084 647 1,038 22,702 2,364 3,121 947 502 1,351 8,365 677 1,085 23,079 2,404 3,174 963 412 1,374 8,501 688 1,103 1.7 1.3 1.5 .0 -1.2 1.7 2.6 1.3 2.7 2.4 Finance, insurance, and real estate ............................................................ Banking .................................................................................................... Credit agencies and investment offices ................................................... Security and commodity brokers and exchanges.................................... Insurance carriers..................................................................................... Insurance agents, brokers, and service ................................................... Real estate................................................................................................ 60-67 60 61,7 62 63 64 65,6 3,907 1,115 458 203 1,054 301 776 4,975 1,499 665 204 1,200 430 977 6,297 1,736 1,023 392 1,364 581 1,200 7,508 1,930 1,364 517 1,454 767 1,476 7,917 1,998 1,518 526 1,532 795 1,548 8,159 2,060 1,610 543 1,566 808 1,572 1.7 1.0 2.9 2.1 .8 2.3 1.8 2.6 2.8 3.1 2.2 2.3 2.3 2.5 Services2 ....................................................................................................... Hotels and other lodging places .............................................................. Personal services..................................................................................... Laundry, cleaning, and shoe repair ..................................................... Personal services, n.e.c.......................................................................... Beauty and barber shops...................................................................... Funeral service and crematories .......................................................... 70-86,89 70 72 721,5 722,9 723,4 726 12,117 813 912 - 16,768 1,060 904 367 150 319 69 22,531 1,401 1,104 393 267 367 77 30,545 1,848 1,298 400 406 410 82 32,545 1,971 1,357 434 411 423 89 33,708 2,061 1,391 445 422 430 94 2.7 2.5 1.5 .7 3.1 1.0 1.0 3.2 1.9 1.6 .8 3.2 .7 1.1 2,906 146 487 527 271 - 4,781 202 681 1,017 591 788 445 208 174 677 7,593 284 995 1,730 1,090 1,186 658 314 199 1,137 8,121 302 1,020 1,851 1,203 1,301 687 330 244 1,184 8,533 310 1,046 1,908 1,281 1,394 709 396 257 1,233 3.9 2.9 2.9 4.4 5.2 3.6 3.1 3.4 2.4 4.1 4.2 3.5 3.2 3.6 5.0 4.3 3.9 4.1 4.1 4.0 575 120 455 282 79 29 174 762 161 601 320 104 28 188 919 210 709 352 125 26 201 1,016 233 783 397 142 28 226 1,040 241 799 416 146 29 240 2.1 2.7 1.9 1.5 2.3 .0 1.3 2.2 2.6 2.2 1.2 .8 - .2 1.6 227 915 121 95 99 600 207 1,143 159 72 126 785 248 1,204 165 82 133 824 266 1,235 167 85 143 840 .6 2.0 2.2 -1.1 2.1 2.3 2.0 4.6 4.0 .6 1.5 - 228 712 85 110 72 445 3,412 694 591 1,980 146 4,993 1,150 951 2,608 284 6,551 1,672 1,250 3,038 591 9,369 2,901 1,992 3,438 1,038 9,774 3,061 2,097 3,513 1,103 10,039 3,137 2,124 3,611 1,167 2.9 3.4 3.7 3.6 2.8 4.4 271 958 - 460 1,090 3,571 393 303 748 1,428 4,296 528 256 354 1,191 1,532 5,326 755 1,267 1,620 5,569 790 337 478 1,317 1,666 5,745 798 389 495 40 41 42 44 45 4722 471,2,3,4,8 48 481,2,9 483 49 491,493 pt. 492, 493 pt. 494-7, 493 pt. 582 276 1,124 212 348 1,152 1,009 143 711 420 216 75 Wholesale tra d e ............................................................................................ Motor vehicles and automotive equipment............................................... Machinery, equipment, and supplies ....................................................... Groceries and related products................................................................ Petroleum and products ........................................................................... 50,1 501 508 514 517 Retail trade .................................................................................................. Department stores ................................................................................... Grocery stores .......................................................................................... New and used car dealers ...................................................................... Gasoline service stations ......................................................................... Apparel and accessory store s.................................................................. Eating and drinking places ....................................................................... Drug and proprietary stores...................................................................... Miscellaneous shopping goods s to re s ..................................................... Railroad transportation ......................................................................... Local and interurban passenger transit ............................................... Trucking and warehousing.................................................................... Water transportation ............................................................................. Air transportation................................................................................... Arrangement of passenger transportation............................................. Miscellaneous transportation services ................................................. Communications........................................................................................ Communications except broadcasting ................................................. Radio and television broadcasting ........................................................ Public utilities............................................................................................ Electric utilities including combined services......................................... Gas utilities including combined services ............................................. Water and sanitation including combined services .............................. - 64 1,790 121 336 221 107 - Business services..................................................................................... Advertising ............................................................................................ Services to dwellings and other buildings............................................. Personnel supply services.................................................................... Computer and data processing services............................................... Research, management, and consulting services................................ Detective and protective services.......................................................... Equipment rental and leasing................................................................ Photocopying, commercial art, photofinishing...................................... Credit reporting and business services, n.e.c........................................ 73 731 734 736 737 7391,2,7 7393 7394 7332,3,95 732,5; 7331,39; 7396,99 Auto repair, services, and garages .......................................................... Automotive rentals, without drivers........................................................ Automobile parking, repair, and services ............................................. Miscellaneous repair shops...................................................................... Electrical repair shop s........................................................................... Watch, clock, jewelry, and furniture repair ........................................... Miscellaneous repair shops and related services ................................ 75 751 752,3,4 76 762 763,4 769 399 199 - Motion pictures.......................................................................................... Amusement and recreation services ....................................................... Theatrical producers and entertainers ................................................. Bowling alleys and billiard establishments ........................................... Commercial sports ............................................................................... Amusement and recreation services, n.e.c............................................ 78 79 792 793 794 791,9 205 504 - Health services.......................................................................................... Offices of health practitioners................................................................ Nursing and personal care facilities ..................................................... Hospitals, private................................................................................... Outpatient facilities and health services, n.e.c....................................... 80 801,2,3,4 805 806 807,8,9 Legal services .......................................................................................... Educational services................................................................................. Social, membership, and miscellaneous services.................................... Individual and miscellaneous social services ...................................... Job training and related services .......................................................... Child day care services......................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 81 82 83,4,6,9 832,9 833 3835 - - - - - 146 556 263 1,339 216 438 - 333 467 4.4 3.8 1.0 4.6 3.8 .9 1.9 2.9 2.0 2.2 “ 1.9 - 5.5 2.5 1.8 3.0 2.9 2.6 5.1 43 MONTHLY LABOR REVIEW Table 6. September 1987 • Projections 2000: Industry Output and Employment Continued— Employment by selected industry, 1972,1979, 1986, and projected to 2000 Industry Standard Industrial Classification Employment (thousands) Projected, 2000 1972 1979 1986 Low Residential care ................................................................................... Museums and noncommercial organizations, n.e.c............................... Business and professional associations............................................... Labor, civic, and social organizations................................................... Engineering and architectural services................................................. Accounting, auditing, and services, n.e.c............................................... Government.................................................................................................. Federal Government................................................................................. Federal enterprises............................................................................... U.S. Postal Service ........................................................................... Federal electric utilities....................................................................... Federal Government enterprises, n.e.c............................................... Federal general government ................................................................ State and local government....................................................................... State and local enterprises .................................................................. Local government passenger tran sit................................................. State and local electric utilities .......................................................... State and local government enterprises, n.e.c.................................... State and local general government...................................................... State and local government hospitals............................................... State and local government education ............................................. State and local general government, n.e.c......................................... 836 84,865,9,892 861,2 863,4 891 893,9 _ — — — — — — — — — — — — — — — 1As projected in the moderate alternative. Annual rate of change, 1986-20001 (percent) Moderate 339 - 319 263 135 485 678 458 500 334 144 507 887 673 519 355 159 531 936 711 532 357 165 537 957 742 3.5 2.2 1.2 .7 2.3 3.2 13,333 2,684 888 698 29 161 1,796 10,649 547 100 59 388 1 .102 926 5,550 3,625 15,947 2,773 876 661 52 163 1,897 13,174 733 130 63 540 12,441 1,108 6,486 4,847 16,711 2,899 1,000 789 39 172 1,899 13,812 831 174 69 588 12,981 1,047 7,058 4,876 17,900 2,900 1,001 832 32 137 1,899 15,000 973 207 69 697 14,027 1,047 7,674 5,306 18,329 3,000 1,031 845 33 153 1,969 15,329 1,004 212 75 716 14,325 1,070 7,842 5,413 18,897 3,093 1,087 886 37 164 2,006 15,804 1,023 218 79 726 14,781 1,103 8,085 5,593 .7 .2 .2 .5 -1.3 - .8 .3 .7 1.4 1.4 .6 1.4 .7 .2 .8 .7 - Output 4.9 3.4 2.2 1.9 2.9 3.5 1.5 1.3 2.7 3.0 1.4 2.5 .7 1.7 1.5 1.0 1.4 1.7 1.7 2.6 1.6 ' 1.7 3 Does not meet usual publication criteria of bls Current Employment Statistics survey. n e c = not elsewhere classified, E m p lo y m e n t a n d E arnin g s. Note: Dash indicates data not available. Digitized for44 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Employment 202 195 118 464 515 316 - 2 Excludes Standard Industrial Classifications 074,5,8 (agricultural services) and 99 (nonclassifiable establishments). Therefore the estimates are hot exactly comparable with data published in In addition to offices of health practitioners, the outpa tient facilities and health services not elsewhere classified industry is also expected to show enormous growth. The absolute increases in numbers of jobs are not projected to be as great as for doctors’ offices because outpatient facilities and miscellaneous health services is a smaller industry, but the 4.6-percent annual rate of gain ranks it as the second fastest growing industry in the economy in terms of employ ment. This industry includes such services as group health associations ( g h a ’ s ) , health maintenance organizations ( h m o ’ s ) , alcohol and drug treatment centers, family plan ning clinics, home health agencies, and visiting nurse asso ciations. Clearly, these services will balloon as the preferred method of treatment shifts from lengthy hospital care to outpatient or home care. Nursing and personal care facilities are also expected to benefit from the shift away from hospital treatment. Nursing homes will see very rapid growth through 2000 as the pop ulation aged 85 and over (the primary age group for nursing home care) rises from 2.7 million in 1985 (or 1.1 percent of the total population) to 4.9 million in 2000 (1.8 percent of total population). Personal care facilities will grow faster than nursing homes; the former include extended care facil ities, convalescent homes, and hospices. Jobs in the nursing home and personal care sector as a whole are projected to grow 3.8 percent a year, with employment rising to a level of 2.1 million by 2000. Hospitals are projected to show some job gains over the 1986-2000 period, despite the shift to outpatient care. The increase in the number of persons over age 65, plus rapid High advances in new complex technologies, will cause an ex pansion in hospitals. At 1.0 percent a year, however, pro jected job growth in private hospitals is just a fraction of the rate expected for other health sectors through the year 2000 and of the historical rate of gain in the industry. Still, almost 500.000 new jobs are expected to be added in hospitals over the projection period. Personal, repair, and recreation services. Traditional personal and repair service industries are projected to have only very modest output growth through the 1990’s, but the newer types of services in the industry termed “personal services not elsewhere classified” are projected to have fairly good growth, increasing faster than g n p . This catch all group includes health, beauty, and reducing clubs or salons; dating services; tax return preparation services (non accountants); convenience services for two-earner families; and a wide variety of other personal services. Payroll em ployment in this industry is projected to rise by 144,000, to 411.000 by 2000. This industry also includes many selfemployed workers; their numbers are projected at about 110.000 in 2000. The small gains expected in the laundry and cleaning industry reflect some growth for industrial launderers, as more hospitals and institutions contract out laundry opera tions. Consumer demand for commercial laundry and dry cleaning services is expected to remain rather flat. In contrast, consumers are expected to have high levels of demand for amusement and recreation services. Output of the industry “amusements and recreation, not elsewhere classified,” is projected to grow more than twice as fast as gnp (5.5 percent a year from 1986 to 2000), and 224,000 wage and salary jobs are expected to be added. The output growth rate ranks this sector among the top five of all the industries studied. Included are golf courses, membership sports and recreation clubs, tennis and racquetball facilities, swimming pools, gyms, ski lifts, gambling establishments, recreational classes or instruction, and numerous other recreational services. The rate of output growth projected for theatrical produc ers and entertainers also is very high— 4.0 percent a year— reflecting the demand for more programming for expanding cable tv networks. Social, membership, and miscellaneous services. Several of the social service industries are expected to have employ ment increases of more than 100,000 between 1986 and 2000. The number of jobs in the individual and miscella neous social services sector, for example, is projected to rise from 528,000 in 1986 to 790,000 in 2000. This industry includes individual and family counseling, disaster relief, adult day care, senior citizens associations, fundraising or ganizations, and other related social services. Employment growth in the industry averaged 4.3 percent a year over the 1979-86 period. Thus, while projected growth is large in absolute numbers, the 2.9-percent annual increase projected represents a slowdown from historical trends. Residential care is another social service industry pro jected to show a large employment gain, 200,000 more jobs by 2000. This industry provides residential care where med ical care is not a major element, as in group homes, halfway houses, and rehabilitation centers. The rising demand for these services reflects the growing number of elderly who may need to reside in a home for the aged but who do not require intensive nursing care, as well as an increase in the use of drug and alcohol residential treatment centers. Government. Total public employment is projected to rise by 1.6 million between 1986 and 2000, with almost all of the increase occurring in State and local governments. Fed eral employment is expected to remain virtually level, as it has for most of the 1970’s and 1980’s. The job gains in State and local governments reflect an additional 784,000 workers in education and 537,000 in other governmental functions except hospitals. The rising level of educational staff occurs as the population of elemen tary and secondary school-age children, offspring of the baby-boom cohort, edges up. The following tabulation pre sents estimates of the school-age population for selected years 1970-85, and projected to 2000 (in millions): Population 5 to 13 14 to 17 1 9 7 0 .................... 3 6 .7 1 9 7 5 .................... 1 9 8 0 .................... 1 9 8 5 .................... 3 3 .9 31.1 3 0 .1 1 6 .1 14.9 P r o je c te d 2 0 0 0 3 4 .4 1 5 .4 1 5 .9 1 7 .1 Other increases are related to the assumption that some past cutbacks in local government services will be reversed in coming years. Alternatives This article has focused on the results of the moderate growth projection scenario, but two alternatives were also prepared. The alternatives show the effects of changes in some of the key assumptions of the macroeconomic model discussed by Norman C. Saunders elsewhere in this issue. In the low-growth scenario, g n p expands by only 1.6 per cent a year, 1986-2000, compared to 2.4 percent in the moderate case, and the unemployment rate in 2000 reaches 7.7 percent, versus 6.0 percent in the moderate scenario. In the high-growth scenario, g n p grows by 3.0 percent a year, and the unemployment rate falls to 4.5 percent. Because of the sluggish growth and high unemployment in the low scenario, total employment only rises to 126.4 million, compared to 133 million in the moderate case dis cussed in this article. Manufacturing employment falls pro portionately more in the low scenario because of slower growth in equipment purchases and an actual decrease in nonresidential construction. Durable goods employment is 10 percent less than in the moderate case; nondurables em ployment, 3 percent less; and nonmanufacturing employ ment, about 5 percent less. In the high scenario, employment rises to 137.5 million in the year 2000, 4.5 million more than in the moderate case. Again, more of the difference is concentrated in man ufacturing. Employment in that sector is 5 percent higher than in the moderate scenario, while nonmanufacturing em ployment is 3 percent higher. \Z\ FOOTNOTES 1 Annual Energy Outlook 1986 (U .S. Department of Energy, Energy Information Administration, 1986). 2 Marcus E. Einstein and James C. Franklin, “Computer manufacturing enters a new era o f growth,” Monthly Labor Review , September 1986, pp. 9 -1 6 . 3 Steven E. Haugen, “The employment expansion in retail trade, 1973— 8 5 ,” Monthly Labor Review , August 1986, pp. 9 -1 6 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 Includes voluntary part-time employed, part time for economic reasons who usually work part time, and unemployed looking for part-time work. For more information, see Thomas J. Nardone, “ Part-time workers: who/ are they?” Monthly Labor Review , February 1986, pp. 13-19. 5 Max L. Carey and Kim L. Hazelbaker, “Employment growth in the temporary help industry,” Monthly Labor Review, April 1986, pp. 3 7 -4 4 . 45 Projections 2000 A look at occupational employment trends to the year 2000 High-skill job groups are projected to continue pacing occupational growth as groups requiring the most education and training are estimated to grow faster than average George T. S ilvestri and John M. Lukasiewicz The Nation’s economy is projected to generate more than 21 million jobs between 1986 and 2000. While a considerable number, this 19-percent increase is only about half the aver age annual rate of increase that occurred over the previous 14-year period, 1972 to 1986. (See table 1.) An accompany ing article by Valerie Personick, pp. 30-45, discusses the projected changes in the industrial composition of employ ment. Our article presents the 1986-2000 occupational projections. The Bureau of Labor Statistics has developed three sets of occupational projections, with each set tied to the high, moderate, or low economic and industry employment pro jections alternatives presented elsewhere in this issue of the Review. However, the basic changes in the occupational structure of the economy from 1986 to 2000 among the three alternatives are similar. Thus, for ease of presentation, we focus on the moderate alternative, because the discussion would be similar if either of the other scenarios was high lighted. The major differences among the alternatives are discussed briefly at the end of the article. Broad occupational group changes The structure of occupational employment over the 1986— 2000 period is expected to shift because the change in total George T. Silvestri and John M. Lukasiewicz are economists in the Divi sion o f Occupational Outlook, Bureau of Labor Statistics. Digitized for 46 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis employment will not be evenly distributed among the broad occupational groups. For example, each of the three broad occupational groups with the most highly trained workers in terms of educational attainment (executive, administrative, and managerial workers; professional workers; and techni cians and related support workers) is projected to continue to grow more rapidly than the average for total employment. Collectively, these three groups, which accounted for 25 percent of total employment in 1986, are expected to ac count for almost 40 percent of the total job growth between 1986 and 2000. In contrast, many factors, such as office and factory automation, changes in consumer demand, and im port substitution are expected to lead to relatively slow growth or a decline for occupational groups requiring less education (administrative support workers, including cleri cal; farming, forestry, and fishing workers; and operators, fabricators, and laborers). The service workers group (ex cept private household workers), which is expected to grow at a faster rate than total employment and account for more of the total growth in employment than any other broad occupational group, is an important exception to the general trend, because its educational attainment is not in the high group. The expected shift away from low-skill jobs to highskill jobs is discussed in greater detail later in this article. The following discussion on each broad occupational group is based on data found in table 1. Historical trends in table 1 are based on data from the Current Population Survey, Table 1. Employment by broad occupational group, 1986 and projected to 2000 moderate alternative, and percent change in employment for selected periods [Numbers in thousands] Projected, 2000 1986 Occupation Percent change Number Percent Number Percent Total employment ............................................................................................ 111,623 100.0 133,030 100.0 20.3 10.9 33.4 19.2 Executive, administrative, and managerial workers ................................................... Professional workers .................................................................................................. Technicians and related support workers .................................................................. Salesworkers............................................................................................................... Administrative support workers, including clerical ..................................................... Private household w o rkers.......................................................................................... Service workers, except private household workers................................................... Precision production, craft, and repair workers .......................................................... Operators, fabricators, and laborers ........................................................................... Farming, forestry, and fishing workers ...................................................................... 10,583 13,538 3,726 12,606 19,851 981 16,555 13,924 16,300 3,556 9.5 12.1 3.3 11.3 17.8 .9 14.8 12.5 14.6 3.2 13,616 17,192 5,151 16,334 22,109 955 21,962 15,590 16,724 3,393 10.2 12.9 3.9 12.3 16.6 .7 16.5 11.7 12.6 2.6 34.9 29.8 39.9 24.3 23.5 -23.0 25.7 21.7 8.7 -5.1 28.7 21.4 24.7 24.4 9.5 -11.5 16.0 6.5 -9.2 -5.6 73.7 57.5 74.5 54.6 35.2 -31.9 45.9 29.6 -1.3 -10.4 28.7 27.0 38.2 29.6 11.4 -2 .7 32.7 12.0 2.6 -4.6 Note: Estimates of 1986 employment, the base year for the 2000 projections, were derived primarily from data collected in the Occupational Employment Statistics surveys. The 1972-79, whereas projected trends are based on data from the Na tional Industry-Occupation Matrix. In order to compare data from both sources in table 1, the occupational categories from the Current Population Survey were selected. Table 8 also is based on the Current Population Survey occupational categories and data. In all other tables in this article, the National Industry-Occupation Matrix occupational classifi cation and data were used. Employment of executive, administrative, and manage rial workers is expected to increase by more than 3 million jobs from 1986 to 2000 due to the ever-increasing complex ity of business operations and the large employment gains in the wholesale and retail trade and services sectors. The rate of increase for this group is expected to be about 29 percent, or about one and one-half the average for all occupations. The relative growth rate for this occupational group is pro jected to be less than it was from 1972 to 1986 when exec utive, administrative, and managerial workers grew twice as fast as did total employment. The number of professional workers is expected to con tinue to grow more rapidly than total employment, or by 27 percent, from 1986 to 2000. Employment in many of the occupations in this group is expected to surge, including the engineering, computer specialty, and health professional occupations, which together are expected to account for more than one-half of the 3.7 million new professional jobs added by the year 2000. Employment in the technicians and related support work ers category is projected to grow faster than any other major occupational group (38 percent), or more than twice as fast as total employment. The technicians occupational group also was the fastest growing group from 1972 to 1986. Jobs for health technologists and technicians are expected to ac count for 47 percent of the 1.4 million new technician jobs that will be added over the 1986-2000 period. Employment in the salesworkers group is expected to increase by 30 percent, or by 3.7 million jobs, due mainly to the large employment gains in wholesale and retail trade https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1972-79 1979-86 1972-86 1986-2000 1979-86, and 1972-86 rates of change were derived from the Current Population Survey data because comparable Occupational Employment Statistics survey data were not available for 1972 and 1979. where salesworkers are concentrated. The share of total employment accounted for by these workers is projected to increase from 11.3 percent of the total in 1986 to 12.3 percent by the year 2000. This is the only major occupa tional group that grew as fast during the 1979-86 period as it did from 1972 to 1979, even though total employment had grown only half as fast in the latter period. The number of administrative support workers, including clerical, which grew as fast as total employment in the 1972-86 period, is projected to increase significantly more slowly than the average for total employment from 1986 to 2000, or by only 11 percent. This slowing of growth was evident in the 1979-86 period when this occupational group grew slightly slower than the average for total employment; in the previous 7 years it had grown slightly faster than total employment. Although this group is projected to add 2 million jobs by the year 2000, its share of total employment is expected to decline from 17.8 percent to 16.6 percent because of its slow growth. Office automation and other technological changes are expected to cause employment to decline in several detailed occupations within this group, such as typists and word processors. Employment in several clerical occupations, however, is projected to grow faster than the average for total employment due to rapid growth in the industries that employ clerical workers such as hotel desk clerks and new account clerks in banking. Other occu pations in this group are also expected to be favorably af fected by technological change, such as the computer and peripheral equipment operators group, which is expected to grow rapidly due to the ever-increasing use of computers throughout the economy. Employment in the service workers group (except private household workers) is expected to rise faster than the aver age for total employment, increasing by more than 5 million jobs— more than any other broad occupational group from 1986 to 2000. The projected growth rate of 33 percent for 1986-2000 is faster than total employment and, conse quently, the share of total employment accounted for by 47 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Occupational Employment Table 2. Projected 1986-2000 employment change (number and percent) for wage and salary workers, by major industry division and for self-employed and unpaid family workers, in major occupational groups, moderate trend Occupation All occupations (thousands)........ Managerial and managementrelated occupations. Engineers, architects, and surveyors........ Natural, computer, and mathematical scientists ............... Teachers, librarians, and counselors . . . . Health diagnosing and treating occupations Other professional specialists ............. Technician occupations .......... Marketing and sales occupations ........... Administrative support occupations, including clerical . . . Service occupations .. Agriculture, forestry, fishing, and related occupations ........... Blue-collar worker supervisors............. Construction trades and extractive workers .. Mechanics, Installers, and repairers ........ Precision production and plant systems occupations ........... Machine setters, set-up operators, operators, and tenders................... Assemblers and other handwork occupations ........... Transportation and material moving machine and vehicle operators .. Helpers, laborers, and material movers, hand....................... Total, all classes of workers Total, wage and salary workers 21,407 20,221 149 -5 8 891 -830 475 6,388 1,620 10,774 811 1,185 3,033 2,677 14 -2 111 85 76 619 479 1,128 167 356 12 165 16 17 7 213 36 25 Agri culture Mining Construc tion Manu facturing Transportation, communications, and public utilities Wholesale and retail trade Finance, insurance, and real estate Services Govern ment Self-employed and unpaid family workers 495 470 4 -0 339 324 3 -1 1 23 12 25 41 199 21 15 772 751 0 0 0 0 1 0 0 743 6 21 1,081 1,072 7 0 0 0 0 29 1 1,013 22 9 967 811 3 0 0 28 29 46 30 582 93 156 1,403 1,374 4 4 70 28 86 51 1,070 63 28 3,728 3,168 4 1 13 17 76 2,408 286 357 5 560 2,258 5,381 2,327 5,205 5 2 - 19 - 1 0 2 -2 3 8 -3 1 -2 7 37 287 2,251 551 74 1,815 2,596 -4 5 276 -6 9 176 -1 6 3 194 83 0 2 -8 1 21 26 55 15 -3 5 7 -2 144 138 3 -2 52 -5 8 15 41 4 65 17 5 704 537 1 -5 437 -1 8 - 14 19 11 66 39 167 687 677 3 -4 64 -7 -2 217 52 317 37 11 134 111 0 -2 26 -5 2 1 48 2 74 15 23 -1 9 4 -2 0 1 3 -2 5 -3 1 9 0 21 1 89 1 7 - 113 -1 0 8 1 0 11 -2 0 3 2 32 0 47 2 500 443 6 -1 2 62 -1 3 7 193 157 4 141 30 249 251 4 -7 90 - 147 32 65 2 204 9 service workers is expected to jump from 14.8 percent in 1986 to 16.5 percent in 2000. Most of the large projected employment gain in this occupational group is concentrated in food service and health service occupations. The number of private household workers is projected to decline by 2.7 percent. This is more in line with the recent moderate decline that occurred between 1979 and 1986 than it is with the rapid declines that occurred from 1972 to 1979 and in earlier periods. The number of precision production, craft, and repair workers is projected to increase more slowly than the aver age for total employment, or by only 12 percent. From 1972 to 1986, employment in this group grew about as fast as the average for total employment, although during the latter part of the 1979-86 period, its employment growth was slower than that for the total economy. Within this group, the rate of growth for the construction trades is projected to be close Digitized for 48 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -4 57 -2 to the 19-percent growth rate of the overall economy. This increase is expected to be offset, however, by occupations concentrated in manufacturing that are expected to grow more slowly than the average for total employment or to decline over the 1986-2000 period. Employment decreases are expected in occupations such as precision food, metal, printing, textile, and apparel workers. Employment in the operators, fabricators, and laborers group is projected to be at virtually the same level in 2000 as it was in 1986. The stable employment level for this occupational group is a reversal of the decline of more than 9 percent that this group suffered from 1979 to 1986, which offset an approximately equal increase from 1972 to 1979. Its share of total employment is expected to decrease signif icantly from 14.6 percent to 12.6 percent. The drop in manufacturing employment and increasing factory automa tion are largely responsible for the lack of employment Table 2. Continued— Projected 1986-2000 employment change (number and percent) for wage and salary workers, by major industry division and for self-employed and unpaid family workers, in major occupational groups, moderate trend Occupation All occupations (percent)............. Managerial and mana gement-related occupations ........... Engineers, architects, and surveyors............... Natural, computer, and mathematical scientists ............... Teachers, librarians, and counselors . . . . Health diagnosing and treating occupations Other professional specialists ............. Technician occupations ........... Marketing and sales occupations ........... Administrative support occupations, including clerical . . . Service occupations .. Agriculture, forestry, fishing, and related occupations ........... Blue-collar worker supervisors............. Construction trades and extractive workers .. Mechanics, installers, and repairers ......... Precision production and plant systems occupations............. Machine setters, set-up operators, operators, and tenders ........... Assemblers and other handwork occupations ........... Transportation and material moving machine and vehicle operators .. Helpers, laborers, and material movers, hand....................... Total, all classes of workers Total, wage and salary workers 19.2 19.8 28.7 Agri culture Wholesale and retail trade Finance, insurance, and real estate Self-employed and unpaid family workers Construc tion 9.4 -7.4 18.2 -4.4 9.1 27.1 25.7 33.8 9.4 12.2 28.9 36.9 -2.7 23.7 5.5 18.1 28.8 39.4 47.9 16.7 27.1 31.6 31.6 35.4 -0.4 26.2 24.0 18.9 67.6 54.6 54.5 18.2 31.6 45.9 46.3 33.3 -2.8 47.8 15.3 50.6 80.8 58.6 85.9 13.4 39.8 8.9 10.4 28.3 24.6 15.8 6.1 17.2 -19.6 16.9 2.3 20.0 28.5 34.5 50.2 12.9 3.1 15.6 15.6 7.5 41.7 46.3 32.0 Manu facturing Transportation, communications, and public utilities Mining Services Govern ment 26.2 27.4 27.9 -4.5 13.9 11.0 22.2 30.8 41.1 35.9 13.0 21.4 38.4 38.6 28.8 -6.6 10.4 11.7 17.7 57.1 43.7 52.2 15.2 32.6 29.6 29.3 21.9 11.2 18.8 3.0 29.8 29.3 34.0 46.0 8.5 31.3 11.4 30.7 12.0 31.5 6.6 11.4 -19.6 -14.6 -0.1 5.6 -10.6 -9.2 -2.1 21.0 9.1 39.4 16.6 22.5 29.1 31.4 -1.7 16.8 -16.8 17.2 -4.6 10.0 6.6 -11.5 14.3 -8.3 17.8 32.7 29.1 17.9 12.5 -22.1 7.9 8.2 31.6 -5.0 23.8 -7.3 8.0 25.9 35.2 44.8 14.3 4.1 17.6 17.2 19.9 -2.9 22.0 -6.6 -17.5 28.1 31.5 36.8 12.2 18.8 14.7 15.9 18.8 -7.1 21.9 -0.9 -.3 20.1 34.3 38.6 12.0 2.4 4.4 3.9 14.0 -12.5 20.9 -2.9 .5 13.3 23.4 29.9 9.6 10.5 -3.9 -4.1 16.9 -9.1 19.4 -7.3 1.1 23.5 29.6 26.9 5.2 8.0 -4.2 -4.1 16.6 2.1 26.7 -8.8 9.2 30.9 43.6 41.9 7.6 -4.9 10.4 9.9 16.9 -9.7 18.5 -18.5 15.9 13.5 34.7 24.2 11.8 17.0 5.8 6.0 9.2 -14.3 11.9 -10.3 9.4 8.0 12.3 40.9 3.5 -2.5 Note: Dash indicates division by zero. growth for this group. Several transportation occupations, however, are not expected to be affected by these factors, including the truck and bus drivers and aircraft pilots and flight engineers occupations. The number of farming, forestry, and fishing workers is projected to decrease 5 percent between 1986 and 2000. This represents a continuation of a very long-term decline, but nevertheless a slowing of the rate of decline that oc curred during the previous 14 years. Trends by industry Occupational projections were developed through the use of an industry-occupation employment matrix. The 1986 matrix used as the base year of the projections presents the occupational structure of 258 detailed industries. These data https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis were derived primarily from the Bureau’s Occupational Employment Statistics Survey, which obtains data on the occupational staffing patterns of industries.1The 1986 occu pational structure of each industry was projected to 2000 through analysis of the factors that are expected to change the structure, such as changes in technology, business prac tices and methods of operation, and product demand. The projected structure was then applied to projections of total employment for each industry described in Personick’s arti cle. To derive the projections of total employment by occu pation, the detailed cells of the matrix were aggregated across all industries.2 Table 2, derived from the National Industry-Occupation Matrix, shows the absolute and percent changes in employ ment between 1986 and 2000 for major occupational groups 49 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Occupational Employment by major industry division. More than 80 percent of the rise in total employment is projected to occur among wage and salary workers in wholesale and retail trade and in services. Increases in the number of marketing and sales and service workers are expected to account for almost half of the em ployment gains in these two industry divisions. This is as one would expect because of the high concentration of these two groups. What is not so obvious, however, is the impact that these two divisions may have on other occupational groups. For example, employment gains in wholesale and retail trade and services are expected to account for nearly all of the job growth for the teachers, librarians, and coun selors occupation and workers in the health diagnosing and treating occupation;3 82 percent of the growth for the techni cians occupation; 66 percent of the increase in the scientists and computer specialists occupation; 65 percent of the rise in the other professionals occupation; and 58 percent of the growth in managers. Except for teachers in services, each of these occupational groups has a projected growth rate that is faster than that projected for total employment in the trade and services divisions. Although most of the total employment change is pro jected to occur in trade and services, several other industry divisions have notable changes. Finance, insurance, and real estate is projected to account for 8 percent of the growth in total employment or 1.6 million jobs. Most of the growth in this industry division is expected to occur among workers in managerial and management-related occupations and workers in administrative support, including clerical work ers. The increase in the number of clerical workers is pro jected to exceed that of managers within the finance, insurance, and real estate division. However, the overall rate of growth for clerical occupations is less than that for managers due to office automation in banking, credit report ing agencies, and insurance. Another industry division adding significant numbers of jobs is construction, which accounts for 4 percent of the growth in total jobs (891,000). Nearly half of this industry’s growth is expected to occur among the construction trades and extractive occupations. Government (excluding State and local government em ployees in education and hospitals) is projected to account for 4 percent of total employment growth (811,000 jobs); this increase is expected to occur mainly among State and local government service workers, such as police and fire fighters. Also noteworthy in government is the projected loss of 45,000 jobs among administrative support workers, including clerical. This loss is largely due to projected de clines in typists, stenographers, payroll and timekeeping clerks, and statistical clerks. The manufacturing industry division is projected to de crease by more than 800,000 jobs. The largest employment declines in manufacturing are projected to be for machine setters, set-up operators, operators, and tenders; assemblers and other handwork occupations; administrative support Digitized for50 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis workers, including clerical; helpers, laborers, and material movers, hand; and transportation and material moving machine and vehicle operators. Many of the detailed occu pations in these groups are expected to be affected by au tomation and a decrease in demand for the products of industries in which they are concentrated because of changes in consumer tastes, shifts in governmental priori ties, and increases in foreign competition. Despite the drop in employment, some occupational groups within manufac turing are expected to grow. The group with the largest job increase is engineers (165,000), followed by managers (85,000) and technicians (70,000). The agriculture, forestry, and fishing division has a pro jected increase in employment among wage and salary workers, but if self-employed agriculture workers are in cluded, the industry shows a decrease. The number of self-employed workers and unpaid family workers combined is projected to increase by 12.2 percent, from 9.8 million in 1986 to 10.9 million in the year 2000. This estimate refers to both nonfarm and agricultural indus tries. All of this growth is expected to occur among selfemployed workers, because jobs for unpaid family workers are projected to decline by a quarter of a million. For self-employed workers and unpaid family workers com bined, sales occupations are expected to account for 560,000 of the total increase of 1.2 million jobs. The occu pational group expected to add the next largest number of self-employed and unpaid family worker jobs is managers and management-related workers (356,000), followed by service workers (176,000), and construction trades and ex tractive workers (167,000). Trends for occupational clusters The Bureau has developed projections for 480 detailed occupations, which are grouped into clusters that conform to the Standard Occupational Classification system. (See table 3.) These clusters are discussed in terms of employ ment change, factors affecting change, and significant de tailed occupational components. The occupational groups in this section below are based on the occupational classifica tion used in the National Industry-Occupation Matrix. They differ somewhat from previously discussed groups based on the Current Population Survey, which is the only source of comparable occupational employment data for the entire 1972-86 period. Managerial and management-related occupations. Several managerial occupations are expected to grow rapidly from 1986 to 2000 due to the increasing complexity of business operations and the large employment gains in trade and service industries where, because of small firm size, a higher than average proportion of employment is in management occupations. For example, the number of em ployment interviewers, private or public employment serv ice, is projected to increase by 71 percent, largely as a result Table 3. Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] Total employment Occupation 1986-2000 employment change Projected, 2000 Number Percent 1986 Low Moderate High Low Moderate High Low Moderate High Total, all occupations.......................................................................................... 111,623 126,432 133,030 137,533 14,809 21,407 25,910 13 19 23 Managerial and management-related occupations....................................................... Managerial and administrative occupations .............................................................. Education administrators....................................................................................... Financial m anagers................... ............................................................................ Food service and lodging managers .................................................................... General managers and top executives.................................................................. Marketing, advertising, and public relations managers ........................................ Personnel, training, and labor relations managers ............................................... Postmasters and mail superintendents.................................................................. Property and real estate managers ...................................................................... Public administration chief executives, legislators, and general administrators . . . Purchasing managers ............................................................................................ 10,583 7,369 288 638 509 2,383 323 151 28 128 66 230 12,900 8,939 316 747 628 2,820 402 183 29 166 73 248 13,616 9,441 325 792 663 2,965 427 194 30 178 75 260 14,105 9,780 336 824 685 3,052 444 201 31 184 77 266 2,316 1,570 28 109 120 437 80 32 2 38 7 18 3,033 2,071 37 154 154 582 105 43 2 50 9 30 3,521 2,411 48 185 176 669 122 50 4 56 11 36 22 21 10 17 24 18 25 21 7 30 11 8 29 28 13 24 30 24 32 28 8 39 14 13 33 33 17 29 35 28 38 33 14 44 17 16 Management support occupations............................................................................. Accountants and auditors .................................... ..................... ....................... Claims examiners, property and casualty insurance............................................. Inspectors and compliance officers, except construction...................................... Construction and building inspectors .................................................................... Cost estimators...................................................................................................... Employment interviewers, private or public employment service......................... Loan officers and counselors................................................................................. Management analysts............................................................................................ Personnel, training, and labor relations specialists ............................................... Purchasing agents, except wholesale, retail, and farm products ......................... Tax examiners, collectors, and revenue agents ................................................... Underwriters ........................................................................................................... Wholesale and retail buyers, except farm products............................................... 3,214 945 34 125 50 157 75 98 126 230 188 57 99 192 3,961 1,251 43 137 54 180 122 123 155 264 181 65 127 200 4,175 1,322 45 142 55 188 129 131 165 278 193 67 134 209 4,324 1,371 46 146 57 197 134 137 173 288 200 69 136 213 747 306 9 12 4 23 47 26 29 34 -7 8 28 8 962 376 11 17 5 31 54 33 40 49 5 10 34 17 1,110 426 12 21 7 39 58 39 47 58 12 12 37 21 23 32 27 9 8 15 62 26 23 15 -3 13 28 4 30 40 33 13 11 20 71 34 31 21 3 17 34 9 35 45 36 17 14 25 77 40 38 25 7 20 37 11 Engineers, architects, and surveyors ........................................................................... Engineers................................................................................................................... Aeronautical and astronautical engineers.............................................................. Chemical engineers................................................................................................ Civil engineers, including traffic engineers ............................................................ Electrical and electronics engineers...................................................................... Industrial engineers, except safety engineers....................................................... Mechanical engineers ............................................................................................ Architects, except landscape and m arine.............................................................. Surveyors............................................................................................................... 1,567 1,371 53 52 199 401 117 233 84 94 1,917 1,683 53 57 238 544 140 286 102 108 2,062 1,815 58 60 249 592 152 309 108 113 2,138 1,883 60 64 257 616 158 320 112 117 350 312 0 5 39 143 22 53 18 13 495 444 6 8 50 192 35 76 25 19 571 512 8 11 58 215 41 87 29 22 22 23 1 9 20 36 19 23 22 14 32 32 11 15 25 48 30 33 30 20 36 37 15 21 29 54 35 37 34 24 Natural, computer, and mathematical scientists............................................................ Computer systems analysts, electronic data processing........................................... Life scientists ............................................................................................................. Biological scientists................................................................................................ Mathematical scientists, actuaries and statisticians ................................................. Operations and systems researchers ...................................................................... Physical scientists...................................................................................................... Chemists................................................................................................................. Geologists, geophysicists, and oceanographers................................................... 738 331 140 61 48 38 180 86 44 1,014 544 163 72 58 55 194 92 46 1,077 582 170 75 61 59 205 96 50 1,122 607 176 62 63 62 214 95 49 275 212 23 11 11 17 13 5 2 339 251 30 14 14 21 24 10 6 384 276 35 16 16 23 34 15 8 37 64 16 18 22 44 7 6 6 46 76 21 23 29 54 13 11 13 52 83 25 27 33 61 19 17 19 Teachers, librarians, and counselors............................................................................. Teachers, preschool, kindergarten, and elementary................................................. Teachers, preschool .............................................................................................. Teachers, kindergarten and elementary................................................................ Teachers, secondary school ..................................................................................... College and university faculty ................................................................................... Other teachers and Instructors ................................................................................. Adult and vocational education teachers .............................................................. Instructors, adult (nonvocational) education ..................................................... Teachers and instructors, vocational education and training ............................ Librarians, archivists, curators, and related workers................................................. Librarians, professional .......................................................................................... Counselors................................................................................................................. 4,949 1,702 176 1,527 1,128 754 1,097 427 202 225 144 136 123 5,558 2,011 233 1,778 1,246 703 1,296 489 229 260 159 150 144 5,720 2,066 240 1,826 1,280 722 1,340 509 241 268 165 155 148 5,906 2,131 248 1,883 1,320 745 1,386 529 251 278 170 159 154 610 308 57 251 118 -51 199 62 26 35 15 14 21 772 363 64 299 152 -3 2 243 82 39 43 20 18 25 957 428 72 356 192 -9 289 102 49 53 25 23 32 12 18 33 16 10 -7 18 14 13 16 10 10 17 16 21 36 20 13 -4 22 19 19 19 14 13 21 19 25 41 23 17 -1 26 24 24 24 18 17 26 Health diagnosing and treating occupations ................................................................ Dentists ...................................................................................................................... Dietitians and nutritionists.......................................................................................... Optometrists............................................................................................................... Pharmacists............................................................................................................... Physician assistants .................................................................................................. Physicians and surgeons .......................................................................................... Registered nurses .................................................................................................... Therapists ................................................................................................................. Occupational therapists.......................................................................................... Physical therapists ................................................................................................ Recreational therapists .......................................................................................... Respiratory therapists ............................................................................................ Speech pathologists and audiologists .................................................................. Veterinarians and veterinary inspectors.................................................................... 2,592 151 40 37 151 26 491 1,406 240 29 61 29 56 45 37 3,528 184 52 52 179 39 645 1,951 352 43 109 41 74 58 52 3,674 196 54 55 187 41 679 2,018 366 45 115 43 76 61 54 3,785 203 55 57 191 42 700 2,077 378 46 118 44 78 63 57 935 33 12 15 29 13 154 546 112 14 48 12 17 13 15 1,081 45 14 18 36 15 188 612 126 15 53 14 19 15 17 1,192 52 15 20 41 16 209 671 138 17 57 15 22 18 19 36 22 29 40 19 49 31 39 46 46 79 42 30 29 39 42 30 34 49 24 57 38 44 52 52 87 49 34 34 46 46 34 38 54 27 62 43 48 57 58 94 52 38 39 52 Other professional specialists........................................................................................ Artists and commercial artists ................................................................................... Designers................................................................................................................... Musicians................................................................................................................... Photographers and camera operators ...................................................................... 3,692 176 259 189 109 4,421 218 322 218 137 4,660 235 343 231 146 4,842 246 357 239 153 729 43 63 30 28 967 59 84 42 37 1,150 70 97 50 44 20 24 24 16 25 26 34 32 23 33 31 40 38 27 41 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 51 MONTHLY LABOR REVIEW Table 3. September 1987 • Projections 2000: Occupational Employment Continued— Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] 1986-2000 employment change Total employment Occupation Number Projected, 2000 Percent 1986 Low Moderate High Low Moderate High Low Moderate High Photographers ....................................................................................................... Producers, directors, actors, and entertainers .......................................................... Public relations specialists and publicity w rite rs ........................................................ Radio and tv announcers and newscasters.............................................................. Reporters and correspondents ................................................................................. Writers and editors, including technical writers.......................................................... Economists................................................................................................................. Psychologists............................................................................................................. Clergy ........................................................................................................................ Directors, religious activities and education .............................................................. Recreation workers..................................................................................................... Social service technicians.......................................................................................... Social workers ........................................................................................................... Judges, magistrates, and other judicial workers........................................................ Law yers...................................................................................................................... 100 73 87 61 75 214 37 110 295 46 164 88 365 38 527 126 87 115 71 84 268 47 140 291 43 190 117 468 46 676 133 97 122 76 88 287 50 148 304 45 196 122 485 47 718 140 103 127 84 93 301 52 153 313 46 202 125 500 48 748 25 15 28 10 9 54 10 30 -4 -3 26 29 103 8 149 33 24 35 15 13 73 13 37 9 -1 33 34 120 9 191 40 30 39 23 19 88 15 43 18 0 38 37 134 10 221 25 20 32 16 12 25 27 27 -1 -7 16 33 28 21 28 33 34 40 24 18 34 34 34 3 -3 20 38 33 23 36 40 41 45 38 25 41 40 39 6 0 23 42 37 27 42 Technician occupations ................................................................................................ Health technicians and technologists......................................................................... Dental hygienists..................................................................................................... Emergency medical technicians............................................................................. Licensed practical nurses ..................................................................................... Medical and clinical lab technologists and technicians ......................................... Medical records technicians................................................................................... Opticians, dispensing and measuring.................................................................... Radiologic technologists and technicians.............................................................. Surgical technicians .............................................................................................. 3,650 1,598 87 65 631 239 40 50 115 37 4,791 2,171 134 73 835 285 67 69 183 48 5,053 2,261 141 75 869 296 70 72 190 49 5,226 2,326 145 77 891 307 72 74 196 51 1,141 573 47 8 204 46 28 19 67 11 1,403 663 54 10 238 57 30 23 75 12 1,576 728 58 12 260 67 32 24 80 14 31 36 54 12 32 19 69 39 58 30 38 41 63 15 38 24 75 46 65 33 43 46 67 18 41 28 80 49 70 37 Engineering and science technicians and technologists........................................... Engineering technicians.......................................................................................... Electrical and electronic technicians and technologists .................................... Drafters.................................................................................................................... Physical and life science technicians, technologists, and mathematical technicians ......................................................................................................... 1,264 689 313 348 1,454 874 428 331 1,549 933 459 354 1,604 964 473 366 190 185 114 -17 285 245 145 5 340 276 160 17 15 27 37 -5 23 35 46 2 27 40 51 5 227 250 262 274 23 35 47 10 15 21 Technicians, except health and engineering and science......................................... Air traffic controllers................................................................................................ Broadcast technicians ............................................................................................ Computer programmers.......................................................................................... Legal assistants and technicians, except clerical ................................................. Paralegal personnel............................................................................................ Title examiners and searchers ........................................................................... Technical assistants, library.................................................................................... 788 26 27 479 170 61 30 51 1,166 27 31 758 258 118 34 56 1,243 28 33 813 272 125 36 57 1,297 29 37 850 282 130 37 59 377 1 3 279 87 56 5 5 454 2 5 335 102 64 6 7 509 3 9 371 112 68 7 8 48 4 12 58 51 92 15 10 58 8 20 70 60 104 22 13 65 10 34 78 66 112 25 16 Marketing and sales occupations ................................................................................. Cashiers...................................................................................................................... Counter and rental clerks .......................................................................................... Insurance salesworkers ............................................................................................ Real estate agents and brokers................................................................................. Brokers, real estate................................................................................................ Sales agents, real esta te ....................................................... ................................ Real estate appraisers .............................................................................................. Salespersons, retail ................................................................................................... Securities and financial services salesworkers.......................................................... Stock clerks, sales floor ............................................................................................ Travel agents ............................................................................................................. 12,606 2,165 178 463 376 63 313 36 3,579 197 1,087 105 15,522 2,616 221 535 507 86 422 48 4,563 266 1,255 146 16,334 2,740 238 565 542 91 451 51 4,780 279 1,312 154 16,760 2,798 246 581 562 94 468 53 4,871 290 1,333 159 2,916 450 43 73 131 23 108 12 984 69 168 41 3,728 575 60 102 166 28 138 15 1,201 82 225 49 4,153 633 68 118 186 31 155 17 1,291 93 246 53 23 21 24 16 35 36 35 33 28 35 15 39 30 27 34 22 44 45 44 41 34 42 21 46 33 29 38 25 49 49 49 46 36 47 23 51 Administrative support occupations, including clerical ................................................. Adjusters, investigators, and collectors .................................................................... Adjustments clerks ................................................................................................ Bill and account collectors...................................................................................... Insurance claims and policy processing occupations ........................................... Insurance adjusters, examiners, and investigators ........................................... Insurance claims clerks ..................................................................................... Insurance policy processing c le rk s ..................................................................... Welfare eligibility workers and interviewers .......................................................... 19,851 762 136 126 355 119 85 151 86 21,028 852 157 157 367 147 84 136 98 22,109 894 165 167 385 154 88 142 100 22,885 920 170 174 393 158 90 145 103 1,177 90 20 32 13 29 -1 -15 12 2,258 132 29 42 30 36 3 -9 14 3,034 158 34 49 38 39 5 -6 17 6 12 15 25 4 24 -1 -10 14 11 17 21 33 9 30 4 -6 16 15 21 25 39 11 33 6 -4 20 Communications equipment operators....................................................................... Telephone operators.............................................................................................. Central office operators ..................................................................................... Directory assistance operators........................................................................... Switchboard operators........................................................................................ 365 353 42 32 279 381 369 32 24 313 404 391 34 27 330 422 408 37 28 343 16 15 -10 -8 34 39 38 -8 -6 51 57 55 -5 -4 64 4 4 -25 -24 12 11 11 -18 -18 18 16 16 -13 -12 23 Computer operators and peripheral equipment operators......................................... Computer operators, except peripheral equipm ent............................................... Peripheral electronic data processing equipment operators ................................ Duplicating, mail, and other office machine operators ............................................. 309 263 46 166 430 364 66 169 457 387 70 178 475 403 73 185 121 101 19 3 148 124 24 12 166 140 26 19 39 39 42 2 48 47 51 7 54 53 57 11 Financial records processing occupations ................................................................ Billing, cost, and rate cle rks ................................................................................... Billing, posting, and calculating machine operators............................................... Bookkeeping, accounting, and auditing clerks ..................................................... Payroll and timekeeping clerks ............................................................................. General office clerks .............................................................................................. Information cle rks....................................................................................................... Hotel desk clerks..................................................................................................... Interviewing clerks, except personnel and social welfare....................................... New accounts clerks, banking ............................................................................... 5,093 307 105 2,116 204 2,361 1,111 109 104 94 5,350 298 108 2,085 171 2,688 1,452 146 143 110 5,637 313 114 2,208 180 2,824 1,534 156 150 117 5,832 322 117 2,291 186 2,916 1,587 163 158 122 257 -10 4 -31 -34 327 341 37 39 16 544 5 9 92 -25 462 423 47 46 23 739 14 12 175 -18 554 476 54 54 28 5 -3 4 -1 -16 14 31 34 37 17 11 2 9 4 -12 20 38 43 45 24 15 5 12 8 -9 23 43 49 52 30 Digitized for52 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 3. Continued— Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] 1986-2000 employment change Total employment Occupation Percent Number Projected, 2000 1986 Low Moderate High Low Moderate High Low Moderate High Receptionists and information clerks .................................................................... Reservation and transportation ticket agents and travel clerks.............................. Mail and message distribution workers .................................................................... Mail clerks, except mail machine operators and postal service ........................... Messengers ........................................................................................................... Postal mall carriers ................................................................................................ Postal service clerks .............................................................................................. 682 122 876 136 101 269 370 913 139 924 138 116 288 383 964 146 947 145 123 291 388 997 147 992 150 128 306 408 232 18 48 1 16 18 12 282 24 71 9 22 22 18 315 26 116 14 28 37 37 34 15 5 1 16 7 3 41 20 8 6 22 8 5 46 21 13 10 28 14 10 Material recording, scheduling, dispatching, and distribution occupations............... Dispatchers............................................................................................................. Dispatchers, except police, fire, and ambulance ............................................... Dispatchers, police, fire, and ambulance............................................................ Meter readers, utilities............................................................................................ Order fillers, wholesale and retail sales ................................................................ Procurement clerks ................................................................................................ Production, planning, and expediting clerks .......................................................... Stock clerks, stockroom, warehouse, or yard ....................................................... Traffic, shipping, and receiving clerks.................................................................... Weighers, measurers, checkers, and samplers, recordkeepers............................ 2,173 185 124 61 48 195 41 213 726 548 40 2,151 206 138 67 42 200 33 210 668 557 37 2,264 215 146 69 43 208 35 228 703 585 39 2,330 221 151 71 44 211 37 239 721 604 41 -2 2 21 14 6 -6 5 -7 -3 -5 7 9 -3 91 30 22 8 -5 13 -5 15 -2 3 38 0 157 36 26 10 -4 16 -4 26 -4 56 1 -1 11 11 11 -1 2 3 -1 8 -1 -8 2 -7 4 16 18 13 -1 0 7 -1 3 7 -3 7 -1 7 20 21 16 -7 8 -9 12 -1 10 3 Records processing occupations, except financial ................................................... Brokerage cle rks .................................................................................................... File c le rk s ............................................................................................................... Library assistants and bookmobile drivers ............................................................ Order clerks, materials, merchandise, and service ............................................... Personnel clerks, except payroll and timekeeping................................................. Statement c le rk s .................................................................................................... 848 58 242 102 271 119 43 898 73 260 111 263 119 54 939 75 274 114 277 126 57 969 77 283 117 285 130 59 49 15 18 9 -8 0 11 91 16 32 12 6 7 14 121 19 41 16 13 11 16 6 25 8 9 -3 0 26 11 28 13 12 2 6 32 14 32 17 15 5 9 37 Secretaries, stenographers, and typists.................................................................... Secretaries ............................................................................................................. Stenographers ...................................................................................................... Typists and word processors................................................................................. 4,414 3,234 178 1,002 4,413 3,470 123 820 4,648 3,658 128 862 4,813 3,789 133 892 -2 236 -5 5 -182 234 424 -5 0 -140 398 554 -4 6 -110 0 7 -31 -1 8 5 13 -2 8 -1 4 9 17 -2 6 -11 Other clerical and administrative support workers ................................................... Bank tellers............................................................................................................. Court clerks............................................................................................................. Credit checkers...................................................................................................... Customer service representatives, utilities ............................................................ Data entry keyers, except composing.................................................................... Data entry keyers, composing ............................................................................... First-line supervisors and managers...................................................................... Loan and credit c le rk s ............................................................................................ Real estate clerks .................................................................................................. Statistical clerks .................................................................................................... Teacher aides and educational assistants ............................................................ 3,732 539 40 41 102 400 29 956 159 26 71 648 4,009 576 49 42 93 315 41 1,106 191 35 49 752 4,206 610 51 45 99 334 43 1,161 207 36 52 773 4,358 635 52 47 104 347 45 1,200 217 37 54 797 277 37 9 1 -9 -8 5 13 150 32 9 -21 104 475 71 10 4 -3 -6 6 15 205 47 10 -1 9 125 627 96 12 6 2 -5 3 17 244 57 11 -1 7 150 7 7 23 3 -9 -21 44 16 20 33 -3 0 16 13 13 26 10 -3 -1 6 51 21 30 39 -2 6 19 17 18 30 15 2 -1 3 58 25 36 42 -2 4 23 Service occupations...................................................................................................... Cleaning and building service occupations, except private household..................... Housekeepers, institutional ................................................................................... Janitors and cleaners, including maids and housekeeping cleaners ................... Pest controllers and assistants ............................................................................. 17,536 3,107 123 2,676 50 21,933 3,662 157 3,144 56 22,917 3,819 165 3,280 58 23,532 3,937 170 3,382 59 4,397 555 34 468 6 5,381 712 42 604 8 5,996 830 47 706 10 25 18 28 17 13 31 23 34 23 16 34 27 38 26 19 Food preparation and service occupations................................................................ Chefs, cooks, and other kitchen workers .............................................................. Cooks, except short order ................................................................................. Bakers, bread and pastry ............................................................................... Cooks, institution or cafeteria ........................................................................ Cooks, restaurant............................................................................................ Cooks, short order and fast food ...................................................................... Food preparation workers ................................................................................. 7,104 2,563 1,023 114 389 520 591 949 9,337 3,299 1,324 155 442 727 748 1,227 9,705 3,427 1,378 162 457 759 775 1,273 9,908 3,501 1,413 165 469 778 788 1,300 2,233 736 301 41 53 207 157 277 2,601 864 355 48 68 240 184 324 2,804 938 390 51 80 259 197 351 31 29 29 36 14 40 27 29 37 34 35 42 17 46 31 34 39 37 38 45 20 50 33 37 Food service occupations ..................................................................................... Bartenders........................................................................................................... Dining room and cafeteria attendants and barroom helpers.............................. Food counter, fountain, and related w orkers..................................................... Hosts and hostesses, restaurant, lounge, and coffee shops ............................ Waiters and waitresses ..................................................................................... 4,204 396 433 1,500 172 1,702 5,611 530 607 1,879 236 2,360 5,832 553 631 1,949 245 2,454 5,948 566 644 1,985 250 2,503 1,407 134 174 378 64 658 1,628 157 197 449 73 752 1,744 170 211 485 78 801 33 34 40 25 37 39 39 40 46 30 42 44 41 43 49 32 45 47 Health service occupations........................................................................................ Dental assistants.................................................................................................... Medical assistants.................................................................................................. Nursing aides and psychiatric aid e s...................................................................... Nursing aides, orderlies, and attendants............................................................ Psychiatric aides ................................................................................................ Pharmacy assistants.............................................................................................. Physical and corrective therapy assistants and aides ........................................... 1,819 155 132 1,312 1,224 88 64 36 2,437 231 239 1,673 1,584 90 77 62 2,549 244 251 1,750 1,658 92 79 65 2,608 250 258 1,786 1,691 95 81 67 618 76 107 361 359 2 13 26 730 88 119 437 433 4 15 29 788 95 126 474 467 7 17 31 34 49 81 28 29 2 20 74 40 57 90 33 35 5 24 82 43 61 96 36 38 8 27 87 Personal service occupations ................................................................................... Amusement and recreation attendants.................................................................. Baggage porters and bellhops............................................................................... Barbers................................................................................................................... Child care workers ................................................................................................ Cosmetologists and related workers...................................................................... Hairdressers, hairstylists, and cosmetologists................................................... Flight attendants................................ .................................................................... Social welfare service and home health aides ..................................................... Home health aides.............................................................................................. 1,799 184 31 80 589 595 562 80 197 138 2,135 228 39 76 664 666 627 101 320 236 2,259 239 41 81 708 702 662 105 336 249 2,341 246 43 85 739 724 683 106 349 258 336 43 8 -4 75 71 65 21 123 98 460 55 10 1 118 107 99 26 139 111 542 62 12 4 150 129 121 26 152 120 19 24 24 -5 13 12 12 26 63 71 26 30 32 1 20 18 18 32 71 80 30 34 37 5 25 22 22 33 77 87 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 53 MONTHLY LABOR REVIEW Table 3. September 1987 • Projections 2000: Occupational Employment Continued— Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] Total employment Occupation 1986-2000 employment change Projected, 2000 Number Percent 1986 Low Moderate High Low Moderate High Low Moderate High Social welfare service a id e s ............................................................................... Ushers, lobby attendants, and ticket takers .......................................................... 59 42 84 41 88 46 91 49 25 -1 29 4 32 7 43 -2 49 9 54 16 Private household workers ........................................................................................ Housekeepers and butlers...................................................................................... Child care workers, private household .................................................................. Cleaners and servants, private household ............................................................ Protective service occupations ................................................................................. Correction officers and jailers................................................................................. Firefighting occupations.......................................................................................... Firefighters ......................................................................................................... Firefighting and prevention supervisors.............................................................. Police and detectives ............................................................................................ Police and detective supervisors ....................................................................... Police detectives and investigators.................................................................... Police patrol officers............... ............................................................................. Crossing guards .................................................................................................... Guards ................................................................................................................... 981 34 400 531 2,055 176 279 223 45 489 84 57 349 52 794 883 32 334 501 2,589 231 318 255 51 563 98 65 400 55 1,104 955 35 362 543 2,700 236 325 260 52 576 100 67 409 56 1,177 970 35 367 551 2,813 243 335 268 54 594 103 68 422 58 1,241 -9 8 -2 -6 6 -3 0 534 55 39 32 6 74 14 8 52 3 311 -2 6 1 -3 8 12 645 60 47 37 8 87 17 10 61 4 383 -11 1 -3 3 20 758 67 57 45 9 105 20 12 73 6 447 -1 0 -6 -1 6 -6 26 31 14 14 14 15 17 14 15 5 39 -3 2 -1 0 2 31 34 17 17 17 18 20 17 17 8 48 -2 4 -8 4 37 38 20 20 20 21 23 21 21 11 56 Agriculture, forestry, fishing, and related occupations ................................................. Animal caretakers, except fa rm ................................................................................. Gardeners and groundskeepers, except farm .......................................................... Supervisors, farming, forestry, and agricultural-related occupations ....................... Farm occupations...................................................................................................... Farm workers ......................................................................................................... Nursery workers .................................................................................................... Farm operators and managers ................................................................................. Farmers ................................................................................................................. Farm managers....................................................................................................... Fishers, hunters, and trappers............................................................................... Forestry and logging occupations ............................................................................. Forest and conservation w orkers........................................................................... Timber cutting and logging occupations................................................................ Falters and buckers ............................................................................................ Logging tractor operators................................................................................... 3,556 80 767 65 986 940 46 1,336 1,182 154 77 139 36 103 36 28 3,229 100 964 59 759 705 54 1,001 810 191 94 128 40 88 29 26 3,393 104 1,005 62 806 750 57 1,051 850 201 97 138 42 96 32 28 3,497 108 1,033 64 837 779 58 1,078 871 207 101 143 43 100 33 29 -327 20 197 -6 -227 -235 8 -335 -372 37 16 -11 4 -1 5 -7 -2 -163 24 238 -3 -180 -190 11 -285 -332 47 20 -2 5 -7 -4 -1 -5 9 28 266 -1 -149 -161 12 -258 -311 53 23 4 7 -3 -3 0 -9 25 26 -9 -2 3 -2 5 18 -2 5 -31 24 21 -8 10 -1 5 -1 8 -8 -5 30 31 -4 -1 8 -2 0 24 -21 -2 8 31 26 -1 15 -7 -11 -2 -2 35 35 -1 -1 5 -1 7 27 -1 9 -2 6 34 30 3 18 -3 -8 1 Blue-collar worker supervisors ......................... ............................................................ 1,823 1,854 1,967 2,051 31 144 228 2 8 13 Construction trades and extractive workers.................................................................. Bricklayers and stone masons................................................................................... Carpenters................................................................................................................. Carpet installers ......................................................................................................... Concrete and terrazzo finishers................................................................................. Drywall installers and finishers ................................................................................. Electricians................................................................................................................. Glaziers ..................................................................................................................... Hard tile setters ......................................................................................................... Highway maintenance workers ................................................................................. Insulation workers...................................................................................................... Painters and paperhangers, construction and maintenance .................................... Paving, surfacing, and tamping equipment operators............................................... Pipelayers and pipelaying fitters ............................................................................... Plasterers ................................................................................................................... Plumbers, pipefitters, and steamfitters...................................................................... Roofers ..................................................................................................................... Structural and reinforcing metal workers .................................................................. Oil and gas extraction occupations ........................................................................... Roustabouts ........................................................................................................... 4,006 161 1,010 66 118 154 556 47 32 167 62 412 59 52 28 402 142 86 108 56 4,500 180 1,134 78 137 183 617 54 37 184 73 475 67 58 30 452 174 101 103 48 4,710 187 1,192 83 142 191 644 56 39 188 75 502 69 59 31 471 181 104 110 52 4,940 196 1,252 87 149 200 676 58 41 194 79 526 72 62 33 493 190 109 122 57 495 19 124 12 19 29 61 7 6 18 11 63 9 6 2 49 32 14 -5 -8 704 26 182 17 24 37 89 9 8 22 13 90 11 8 3 69 39 17 2 -4 934 36 242 21 31 46 120 11 10 27 17 114 13 10 5 91 48 23 14 1 12 12 12 19 16 19 11 15 19 11 18 15 15 11 8 12 23 17 -5 -1 4 18 16 18 26 20 24 16 19 25 13 22 22 18 15 12 17 28 20 2 -7 23 22 24 31 26 30 22 24 31 16 27 28 23 20 17 23 34 26 13 2 Mechanics, installers, and repairers ............................................................................. Communications equipment mechanics, installers, and repairers............................ Central office and pbx installers and repairers ..................................................... 4,678 109 74 5,060 79 52 5,365 87 57 5,547 92 60 382 -3 0 -2 2 687 -2 3 -1 7 869 -1 7 -1 3 8 -2 7 -2 9 15 -21 -2 3 19 -1 6 -1 8 Electrical and electronic equipment mechanics, installers, and repairers................. Data processing equipment repairers.................................................................... Electrical powerline installers and repairers .......................................................... Electronic home entertainment equipment repairers............................................. Electronics repairers, commercial and industrial equipment ................................ Station installers and repairers, telephone ............................................................ Television and cable TV line installers and repairers ........................................... 533 69 108 49 81 58 119 576 117 114 54 97 36 102 614 125 118 59 104 40 108 637 129 121 60 107 42 115 43 48 6 5 17 -2 2 -1 8 81 56 11 10 23 -1 8 -11 105 60 14 12 26 -1 6 -4 8 69 6 11 21 -3 7 -1 5 15 80 10 20 28 -3 2 -9 20 86 13 24 33 -2 8 -4 Machinery and related mechanics, installers, and repairers .................................... Industrial machinery mechanics............................................................................. Maintenance repairers, general u tility.................................................................... Millwrights.................................................................................................. 1,545 421 1,039 86 1,712 420 1,205 87 1,810 447 1,270 93 1,881 468 1,314 99 167 -1 167 0 265 26 232 7 335 48 275 13 11 0 16 0 17 6 22 8 22 11 26 15 Vehicle and mobile equipment mechanics and repairers ......................................... Aircraft mechanics and engine specialists ............................................................ Aircraft mechanics.............................................................................................. Automotive body and related repairers.................................................................. Automotive mechanics............................................................................................ Bus and truck mechanics and diesel engine specialists ....................................... Farm equipment mechanics................................................................................... Mobile heavy equipment mechanics, except engines ........................................... Small engine specialists ........................................................................................ 1,559 107 91 214 748 263 52 102 38 1,654 122 104 221 758 308 51 121 45 1,759 129 109 239 808 325 54 127 48 1,806 130 110 246 830 334 55 131 49 94 15 13 7 10 45 0 19 6 200 22 19 25 60 63 2 25 9 247 23 20 31 82 72 3 29 11 6 14 14 3 1 17 0 19 16 13 20 20 12 8 24 4 24 24 16 21 22 15 11 27 6 29 28 54 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 3. Continued— Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] Total employment Occupation 1986-2000 employment change Projected, 2000 Number Percent 1986 Low Moderate High Low Moderate High Low Moderate High Other mechanics, installers, and repairers................................................................ Coin and vending machine servicers and repairers............................................... Heating, air conditioning and refrigeration mechanics and installers ................... Home appliance and power tool repairers ............................................................ Office machine and cash register servicers .......................................................... Precision instrument repairers ............................................................................... Tire repairers and changers................................................................................... 931 27 222 76 56 49 83 1,039 29 260 79 75 48 98 1,095 30 272 84 78 52 103 1,132 31 283 86 80 54 105 108 2 38 3 19 -1 15 164 3 50 8 22 3 20 200 4 61 10 24 5 22 12 6 17 4 34 -2 18 18 12 22 10 40 5 24 21 15 27 13 43 10 26 Precision production and plant systems occupations................................................... Precision food workers .............................................................................................. Bakers, manufacturing............................................................................................ Butchers and meatcutters ..................................................................................... 3,066 317 38 248 2,993 312 34 251 3,200 322 35 259 3,329 330 37 264 -7 3 -6 -4 2 134 5 -3 11 263 13 -1 16 -2 -2 -1 0 1 4 2 -7 4 9 4 -3 7 Precision metal workers ............................................................................................ Boilermakers......................................................................................................... Jewelers and silversmiths ..................................................................................... Machinists............................................................................................................... Sheet metal workers .............................................................................................. Tool and die makers .............................................................................................. Precision printing workers ..................................................................................... Compositors, typesetters, and arrangers, precision........................................... Lithography and photoengraving workers, precision ........................................ 939 30 36 378 222 160 112 30 48 889 30 42 345 226 152 117 24 57 962 32 44 373 240 168 122 25 59 994 33 45 385 249 174 128 26 62 -51 0 6 -3 4 4 -8 5 -6 9 22 2 8 -5 19 8 10 -5 11 55 3 9 6 28 14 16 -4 14 -5 -1 16 -9 2 -5 5 -21 18 2 5 22 -1 8 5 9 -1 7 22 6 10 25 2 13 9 14 -1 3 29 Precision textile, apparel, and furnishing workers..................................................... Custom tailors and sewers..................................................................................... Shoe and leather workers and repairers, precision............................................... Upholsterers ........................................................................................................... Precision woodworkers.............................................................................................. Inspectors, testers, and graders ............................................................................... 285 108 35 74 204 694 287 116 28 75 214 640 306 123 29 82 234 692 320 127 30 87 250 722 1 7 -7 1 10 -5 5 21 15 -6 8 30 -3 34 19 -5 13 46 28 0 7 -2 0 1 5 -8 7 13 -1 7 10 15 0 12 17 -1 4 17 23 4 Other precision workers ............................................................................................ Dental lab technicians, precision ........................................................................... Chemical plant and system operators ................................................. ..................... 223 46 33 250 60 23 267 64 23 278 67 25 28 14 -11 44 18 -1 0 55 21 -8 12 31 -3 2 20 39 -3 0 25 46 -2 5 Electric power generating plant operators, distributers, and dispatchers................. Power generating and reactor plant operators ..................................................... Gas and petroleum plant and system occupations................................................... Stationary engineers.................................................................................................. Water and liquid waste treatment plant and systems operators .............................. 45 25 31 41 74 48 27 19 41 83 50 28 20 42 85 51 29 21 44 88 3 3 -11 0 9 5 3 -11 2 11 6 4 -9 4 14 7 10 -3 7 0 13 11 14 -3 4 5 15 14 16 -3 0 9 19 Machine setters, set-up operators, operators, and tenders........................................... Numerical control machine tool operators and tenders, metal and pla stic ............... Combination machine tool setters, set-up operators, operators, and tenders........... Machine tool cutting and forming set-up operators and tenders, metal and plastic . Drilling machine tool setters and set-up operators, metal and plastic................... Grinding machine setters and set-up operators, metal and plastic....................... Lathe machine tool setters and set-up operators, metal and plastic..................... Machine forming operators and tenders, metal and plastic .................................. Machine tool cutters operators and tenders, metal and plastic ............................ Punching machine setters and set-up operators, metal and p la s tic ..................... 4,964 56 92 822 63 88 96 170 167 61 4,470 55 88 668 51 72 78 141 134 50 4,770 60 97 737 57 80 86 156 148 55 5,012 61 100 766 58 82 89 163 153 58 -494 -2 -3 -155 -11 -1 6 -1 8 -2 9 -3 3 -11 -194 4 5 -8 5 -6 -8 -9 -1 5 -1 9 -6 47 5 8 -5 6 -4 -6 -7 -7 -1 4 -4 -1 0 -3 -4 -1 9 -1 8 -1 8 -1 8 -1 7 -2 0 -1 8 -4 7 6 -1 0 -1 0 -9 -1 0 -9 -11 -9 1 9 9 -7 -7 -6 -7 -4 -8 -6 Metal fabrication machine setters, operators, and related workers ......................... Metal fabricators, structural metal products .......................................................... Welding machine setters, operators, and tenders................................................. 180 37 126 152 35 101 167 38 112 172 39 115 -2 8 -2 -2 5 -1 3 1 -1 5 -8 3 -11 -1 6 -4 -2 0 -7 4 -1 2 -4 7 -9 Metal and plastic process machine setters, operators, and related workers ........... Electric plating machine operators and tenders, setters and set-up operators, metal and plastic ................................................................................................ Metal molding machine operators and tenders, setters and set-up operators . . . . Plastic molding machine operators and tenders, setters and set-up operators . . . 300 296 320 338 -3 21 39 -1 7 13 47 37 147 41 29 174 45 33 183 46 34 193 -6 -8 27 -1 -4 36 0 -3 46 -1 2 -2 2 19 -3 -1 2 25 0 -7 31 Printing, binding, and related workers ...................................................................... Bindery machine operators, setters, and set-up operators .................................. Printing press operators.......................................................................................... Offset lithographic press setters and set-up operators...................................... Printing press machine setters, operators, and tenders.................................... Photoengraving and lithographic machine operators and photographers............. Typesetting and composing machine operators and tenders................................ 412 72 222 73 115 29 37 458 86 252 92 126 37 35 478 90 262 96 131 38 36 505 95 278 101 140 40 37 46 .14 29 19 11 7 -2 66 17 40 23 17 9 -1 93 22 56 28 25 11 1 11 19 13 27 10 24 -6 16 24 18 32 15 29 -3 23 31 25 39 22 36 2 Textile and related setters, operators, and related workers...................................... Pressing machine operators and tenders, textile, garment, and related workers . Sewing machine operators, garment .................................................................... Sewing machine operators, nongarment .............................................................. Textile draw-out and winding machine operators and tenders.............................. Texitle machine setters and set-up operators....................................................... Woodworking machine setters, operators, and other related w o rkers..................... Head sawyers and sawing machine operators and tenders, setters and set-up operators.................................................................................................. Woodworking machine operators and tenders, setters and set-up operators......... 1,165 89 633 135 219 54 147 959 83 526 119 156 45 140 995 88 541 125 164 47 159 1,048 90 567 131 175 51 173 -206 -6 -106 -1 6 -6 2 -9 -7 -170 -1 -9 2 -1 0 -5 5 -7 12 -117 2 -6 6 -3 -4 3 -3 26 -1 8 -7 -1 7 -1 2 -2 8 -1 6 -5 -1 5 -2 -1 4 -7 -2 5 -1 3 8 -1 0 2 -1 0 -2 -2 0 -6 18 74 74 68 72 78 81 85 88 -5 -2 5 7 12 14 -7 -2 7 9 16 19 Other machine setters, set-up operators, operators, and te n d e rs ............................ Cementing and gluing machine operators and tenders........................................ Chemical equipment controllers, operators and tenders ...................................... Cooking and roasting machine operators and tenders, food and tobacco ........... Crushing and mixing machine operators and tenders .......................................... Cutting and slicing machine setters, operators, and te nders................................ Electronic semiconductor processors.................................................................... 1,700 42 73 26 132 82 29 1,575 39 50 22 117 79 13 1,668 41 52 22 123 82 14 1,754 45 55 23 129 88 14 -125 -3 -2 4 -4 -1 6 -3 -1 5 -3 2 -1 -2 2 -4 -9 0 -1 5 54 3 -1 8 -3 -3 6 -1 5 -7 -8 -3 3 -1 7 -1 2 -4 -5 3 -2 -2 -3 0 -1 4 -7 0 -51 3 6 -2 5 -11 -2 7 -5 2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 55 MONTHLY LABOR REVIEW Table 3. September 1987 • Projections 2000: Occupational Employment Continued— Civilian employment in occupations with 25,000 workers or more, actual 1986 and projected to 2000 [Numbers in thousands] Total employment Occupation 1986-2000 employment change Projected, 2000 Number 1986 Low Moderate High Low Extruding and forming machine setters, operators, and te nders.............................. Furnace, kiln, or kettle operators and tenders ..................................................... Laundry and drycleaning machine operators and tenders, except pressers............. Packaging and filling machine operators and tenders............................................... Painting and paint spraying machine operators ................................................. Painting machine operators, tenders, setters, and set-up operators ................... Painters, transportation equipment................................................... Paper goods machine setters and set-up operators................................................. Photographic processing machine operators and tenders .................................... Separating and still machine operators and tenders................................ Shoe sewing machine operators and tenders ........................................................ 100 58 140 299 100 66 35 60 39 26 27 91 49 160 280 94 62 31 58 45 22 18 96 53 170 293 102 68 34 60 48 23 18 102 56 175 308 107 72 35 66 51 24 18 -9 21 -1 9 -7 -3 -4 -2 6 -4 Assembler and other handwork occupations...................................................... Precision assemblers ................................................................ .. , Electrical and electronic equipment assemblers, precision .................................. Electromechanical equipment assemblers, precision ..................... Machine builders and other precision machine assemblers................................ 2,701 351 170 59 50 2,389 315 155 57 44 2,589 348 171 62 48 2,695 358 177 64 49 Other hand workers, including assemblers and fabricators.......................... Cannery workers................................................................ Coil winders, tapers, and finishers..................... ................................ Cutters and trimmers, h a n d .................................................................. Electrical and electronic assemblers ............................................................ Grinders and polishers, han d.......................................................... Machine assemblers ...................................................................... Meat, poultry, and fish cutters and trimmers, h a n d ............................................... Painting, coating, and decorating workers, hand........................................... Solderers and brazers................................................................................. Welders and cutters .................................................................. 2,350 78 34 50 249 73 50 101 42 25 287 2,074 69 25 48 105 62 44 105 42 24 284 2,240 72 28 50 116 69 49 106 46 27 307 4,789 76 3,089 478 143 334 88 2,463 252 2,211 5,029 94 3,520 541 172 369 88 2,821 222 2,599 117 42 29 66 22 15 Transportation and material moving machine and vehicle operators .. Aircraft pilots and flight engineers .......................................................... Motor vehicle operators .............................................................. Bus drivers ................................................................................... Bus drivers, except s c h o o l.................................................................... Bus drivers, school .................................................................... Taxi drivers and chauffers.................................................................. Truck drivers......................................................................... Driver-salesworkers............................................................................. Truck drivers, light and heavy.............................................................. Rail transportation workers .................................................................. Railroad brake, signal, and switch operators ............................................... Railroad conductors and yardmasters ............................................... Water transportation and related workers ................................................. High Low Moderate High -8 -3 -5 31 -5 1 2 -1 0 9 -3 -9 2 -2 36 10 6 6 0 6 12 -2 -8 -9 -1 6 15 -6 -7 -5 -1 0 -4 16 -1 6 -31 -3 -8 22 -2 1 3 -2 0 24 -1 2 -3 2 2 -3 26 3 6 9 1 10 32 -7 -31 -312 -3 6 -1 5 -2 -6 -113 -3 1 4 -2 -6 7 6 5 -1 -1 2 -1 0 -9 -3 -1 2 -4 -1 1 7 -4 0 2 4 9 -1 2,338 76 29 53 119 72 50 108 48 28 320 -277 -8 -9 -2 -145 -11 -6 3 0 -1 -4 -110 -5 -6 0 -134 -4 -1 4 4 2 19 -1 3 -1 -5 3 -131 -2 0 7 6 3 32 -1 2 -11 -2 6 -4 -5 8 -1 5 -1 2 3 -1 -3 -1 -5 -7 -1 9 1 -5 4 -6 -2 4 9 7 7 -1 -2 -1 6 6 -5 2 -2 1 7 14 10 11 5,289 98 3,693 555 177 378 94 2,968 232 2,736 5,456 99 3,798 572 182 390 98 3,050 239 2,811 240 17 431 63 29 34 0 358 -3 0 388 500 22 604 77 34 44 6 505 -2 0 525 667 23 709 94 39 56 10 587 -1 3 600 5 23 14 13 20 10 0 15 -1 2 18 10 29 20 16 24 13 7 21 -8 24 14 30 23 20 27 17 11 24 -5 27 74 25 17 79 27 18 -51 -2 0 -1 4 -4 3 -1 7 -1 2 -3 9 -1 5 -11 -4 4 -4 7 -4 8 -3 7 -4 0 -41 -3 3 -3 6 -3 7 -1 5 50 43 46 49 -8 -4 -1 -8 -3 Other transportation and related workers............................................................ Parking lot attendants ............................................................................... Service station attendants ............................................................ 416 30 299 401 34 272 421 37 285 430 38 291 -1 5 4 -2 8 5 7 -1 4 15 8 -8 -4 12 -9 1 21 -5 4 25 -3 Material moving equipment operators ................................................... Crane and tower operators ............................................... Excavation and loading machine operators .............................. Grader, dozer, and scraper operators ................................................... Industrial truck and tractor operators ............................ Operating engineers .................................. 998 58 70 92 426 150 857 56 75 100 265 167 905 60 79 104 283 172 947 64 83 109 296 180 -140 -2 6 8 -161 17 -9 3 3 9 11 -143 23 -51 7 13 17 -131 30 -1 4 -4 8 8 -3 8 11 -9 5 13 12 -3 4 15 -5 11 19 18 -31 20 4,273 831 566 519 278 113 189 4,295 768 606 570 242 130 190 4,522 811 639 587 262 135 203 4,705 838 662 616 280 138 208 I 22 -6 3 40 51 -3 6 17 1 249 -1 9 73 68 -1 6 22 14 432 8 96 97 2 25 19 1 -8 7 10 -1 3 15 0 6 -2 13 13 -6 19 7 10 1 17 19 1 22 10 Helpers, laborers, and material movers, h a n d ............................ Freight, stock, and material movers, h a n d ....................................... Hand packers and packagers ................................................................ Helpers, construction trades ............................................... Machine feeders and offbearers ............................................... Refuse collectors ................................................... Vehicle washers and equipment cleaners .............................. of the rapid growth of the personnel supply services indus try, which has many small establishments. Other managerial occupations projected to grow rapidly because of large em ployment gains in industries where the occupations are concentrated include insurance underwriters (34 percent), property and real estate managers (39 percent), and loan officers and counselors (34 percent). However, not all occu pations in the managerial group will fare as well. Employ ment for purchasing managers; purchasing agents, except wholesale, retail, and farm products; and wholesale and retail buyers is expected to grow more slowly than total employment due to the computerization of purchasing tasks 56 -9 Moderate Percent https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and more efficient purchasing methods. Other occupations with low projected growth rates are in Federal, State, and local governments, which are not expected to grow as fast as the overall economy; these occupations include post masters and mail superintendents, public administrators, and construction and building inspectors. Engineers, architects, and surveyors. The electrical engi neers occupation is projected to have the largest employ ment gain (192,000 jobs) and the most rapid increase (48 percent) in this cluster. Most of the increase is expected to occur in industries such as communications equipment, computers, and other electronics equipment manufacturing. The need to remain competitive will require an increasing number of these engineers to update product designs, ex plore more cost-efficient ways of producing goods, and develop new products. The mechanical engineers occupation is projected to have the next largest employment gain (76,000 jobs) and the second most rapid increase (33 percent) among occupations in the engineers, architects, and surveyors group. Most of the employment increase is expected in manufacturing be cause of increasing product design requirements. Other sources of demand for mechanical engineers include services, such as engineering and architectural services, miscellaneous business services, and temporary help supply services. Construction and government industries are ex pected to employ an increasing number of mechanical engi neers as well. The number of civil engineers, including traffic engineers is projected to increase by 50,000 jobs (25 percent), based on the need to improve the highway system and other large-scale construction projects in the economic infrastructure. Also, the number of industrial en gineers, except safety engineers, is projected to increase by 35,000 workers (30 percent) as industry seeks to improve its efficiency through the introduction of new production tech niques, such as integrated manufacturing systems. The architects, except landscape and marine, occupation is pro jected to gain 25,000 jobs (30 percent) because of increased demand for office buildings, apartment buildings, and resi dential housing. Computer-assisted design equipment will allow architects to provide more flexible services by produc ing variations in design more easily. Natural, computer, and mathematical scientists. The computer systems analysts occupation is expected to have the largest employment gain (251,000 jobs) and the fastest growth (76 percent) of any occupation within this job cluster. Close to half the employment gain for computer systems analysts is projected to occur in the computer and data processing services industry. The remaining increase will be scattered throughout the economy as computers con tinue to be used more intensively by an ever-expanding number of industries and firms. New business and defense computer applications will continue to be prime sources of demand. The number of operations and systems researchers is projected to grow very rapidly (54 percent) due to the increased importance of quantitative analysis throughout industries. The number of life scientists is expected to grow 21 percent, or by 30,000 jobs, from 1986 to 2000. The government and health services industries are expected to employ increasing numbers of life scientists as genetic re search expands into such areas as new medicines, plant and animal variations, and diagnostic techniques for genetic de fects. Employment of physical scientists is to increase mod erately at 13 percent, with 24,000 jobs added due to military and private research and development. Employment oppor https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tunities are expected to open up in laser research, highenergy physics, and other areas of advanced science. Teachers, librarians, and counselors. This group of occu pations is projected to grow about as fast as the average for total employment and add about 772,000 jobs. However, not all detailed occupations within this cluster are expected to have the same growth rate due to differing trends in the cohorts that comprise school-age youth in different levels of education. Employment for preschool teachers, for exam ple, is projected to increase faster than total employment, or by 36 percent, because of the increased demand by working parents for child daycare services. The number of kinder garten and elementary school teachers is expected to grow about as fast as the average for total employment; this growth is because of rising enrollments that reflect the in crease in births beginning in the late 1970’s from the “echo” effect of the post-World War II baby boom. Employment for secondary teachers, however, is expected to grow more slowly than the average for total employment due to the small projected increase in enrollments from 1986 to 2000. The number of college and university faculty is projected to decrease by 4 percent because of the decline in college enrollments projected through 2000. Employment in the professional librarians occupation is expected to grow just slightly less than total employment, or by 13 percent; while the duties of librarians have become heavily automated, their work still requires extensive judgment. The number of counselors in education is projected to grow by 21 percent, as their duties are expected to extend beyond academic counseling into such areas as family relations and substance abuse. Health diagnosing and treating occupations. Employ ment for health professionals is expected to grow rapidly (42 percent), adding over 1 million jobs by 2000. Job growth in the health industries where these workers are employed is projected to be among the fastest in the economy, except for the hospital industry, which is projected to grow more slowly than total employment. A variety of health practi tioner occupations in the health industries are projected to grow faster than the average for total employment, includ ing physical therapists (87 percent), optometrists (49 per cent), and speech pathologists and audiologists (34 percent). The projections show 2 million registered nurses in 2000, an increase of more than 600,000 jobs. The demand for registered nurses is expected to be particularly strong in hospitals, where, in response to cost-containment pressures, nurses will assume some of the duties previously performed by other health personnel. The number of registered nurses is projected to grow rapidly in physicians’ offices, due to the increasing size of physician practices and more sophisti cated medical technology, and also in nursing and personal care facilities to care for patients who are expected to have shorter stays in hospitals. Employment for physicians and surgeons is projected to grow rapidly (38 percent), adding 188,000 jobs. Employ57 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Occupational Employment ment for physician assistants, a relatively small occupation, is projected to grow much faster than that of physicians. In addition, health maintenance organizations and other group practices are expected to use physician assistants to a greater degree. Other professional workers. Most other professional oc cupations are expected to have average or above-average growth rates by 2000. Employment for lawyers is expected to grow about twice as fast as total employment, or by 36 percent, because of projected strong demand for legal services by individuals and businesses. Employment of social workers is expected to rise 33 percent due to the increased demand for social workers as mental health coun selors and therapists. Technicians. Health services, computer applications, re search and development, and legal services will be areas of the economy where technician occupations are projected to experience large employment gains. The increase in em ployment for health technicians and technologists is ex pected to account for about half of the increase for total technicians— 663,000 of the 1,403,000 jobs. The health technicians and technologists group contains occupations with duties ranging from cleaning teeth to administering electrocardiographs. The licensed practical nurses occupa tion is expected to have the largest numerical increase (238,000 jobs) among the health technicians, with many of these employed in nursing and personal care facilities that are expected to grow in response to an aging population. The radiologic technologists and technicians occupation is expected to have the second largest increase (75,000 jobs), with gains mainly in offices of physicians and in hospitals. The number of medical and clinical laboratory technologists and technicians is expected to increase by 57,000 jobs throughout the health industries and the number of dental hygienists is projected to increase by 54,000 jobs. Employment for computer programmers is expected to grow rapidly by 70 percent, adding 335,000 jobs. Despite more effective programming tools, demand for software is expected to spur the growth because of the ever-expanding range of new applications for computers. Close to one-half of the job increase for computer programmers is expected to occur in the computer and data processing services industry. The remaining job increases for programmers are expected to be found throughout the economy. The engineering and science technicians and technolo gists group is expected to gain 285,000 jobs. These workers are expected to realize healthy job gains in trade, services, and manufacturing. They perform testing, diagnose compli cated problems with equipment, and assist scientists and engineers in research and development. The paralegal personnel occupation is projected to be the fastest growing technician occupation and the fastest grow ing occupation overall, increasing by 104 percent. (See Digitized58 for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis table 4.) Nearly all of its employment gain is expected in legal services where the paralegal workers assist lawyers. Marketing and salesworkers. A rapid projected growth rate for the real estate industry is expected to have a favor able impact on employment for brokers (increasing by 44 percent) and appraisers (increasing by 41 percent). Other sales occupations that are expected to grow rapidly are travel agents (46 percent) and securities and financial services salesworkers (42 percent). The largest detailed occupation in the group— salespersons, retail— is projected to grow 34 percent and add more jobs than any other detailed occu pation (1.2 million jobs by 2000). (See table 5.) Administrative support occupations, including clerical. Office automation and other technological changes are pro jected to result in employment declines in several clerical occupations, including typists and word processors (14 per cent); stenographers (28 percent); payroll and timekeeping clerks (12 percent); telephone central office operators (18 percent); telephone directory assistance operators (18 per cent); procurement clerks (13 percent); data entry keyers, except composing (16 percent); and statistical clerks (26 percent). Other clerical occupations, however, are expected to increase because of rapid growth rates in the industries employing them or because of the difficulty in automating their duties. The number of real estate clerks, for example, is expected to grow by 39 percent; hotel desk clerks by 43 percent; brokerage clerks by 28 percent; receptionists and Table 4. Fastest growing occupations, 1986-2000, moderate alternative [Numbers in thousands] Employment 1986 Projected, 2000 Number Percent Percent of total job growth, 1986-2000 61 132 61 125 251 115 64 119 53 103.7 90.4 87.5 .3 .6 .2 36 65 29 81.6 .1 69 138 13 125 249 23 56 111 10 80.4 80.1 77.2 .3 331 40 582 70 251 30 75.6 75.0 1.2 .1 Occupation Paralegal personnel................. Medical assistants................... Physical therapists................... Physical and corrective therapy assistants and a id e s ............. Data processing equipment repairers................................ Home health aid e s................... Podiatrists................................ Computer systems analysts, electronic data processing . . . Medical records technicians . . . Employment Interviewers, private or public employment service.................................. Computer programmers........... Radiologic technologists and technicians............................ Dental hygienists..................... Dental assistants..................... Physician assistants................. Operations and systems researchers .......................... Occupational therapists ........... Peripheral electronic data processing equipment operators .............................. Data entry keyers, composing . Optometrists ............................ Change in employment, 1986-2000 .5 0 75 129 54 71.2 .3 479 813 335 69.9 1.6 115 87 155 26 190 141 244 41 75 54 88 15 64.7 62.6 57.0 56.7 .3 .3 .4 .1 38 29 59 45 21 15 54.1 52.2 .1 .1 46 29 37 70 43 55 24 15 18 50.8 50.8 49.2 .1 .1 .1 information clerks by 41 percent; and interviewing clerks, except personnel and social welfare, by 45 percent. Further more, certain clerical occupations are expected to grow as a result of being favorably affected by technological change. The rising use of computers throughout the economy is expected to spur the demand for computer operators and peripheral electronic data processing equipment operators; these occupations are projected to grow by 47 percent and 51 percent, respectively. Also, the data keyers, composing, occupation is projected to grow by 51 percent, a result of the increasing use of computerized typesetting technology. Service workers. This group is projected to have several rapidly growing occupations and add large numbers of new jobs. Near the top of the list are several health service occupations. The medical assistant occupation, with a growth rate of 90 percent, is projected to be one of the fastest growing occupations from 1986 to 2000 because of the growing acceptance of those workers as a cost-effective way to provide both clinical and clerical support to physi cians and other health professionals. The number of home health aides is projected to grow by 80 percent due to a number of factors., mainly the growing elderly population and the continuation of the trend to provide medical care outside of the traditional hospital setting. Other health service occupations with rapid projected rates of growth over the 1986-2000 period include physical and corrective therapy assistants (82 percent) and dental assistants (57 percent). Employment for nursing aides, orderlies, and attendants is projected to grow by 35 percent, adding 433,000 jobs by 2000; much of the employment growth of these workers is expected in the rapidly expanding nursing and personal care industry. In the slower growing hospital industry, however, employment in this occupation is expected to decline by 62,000 jobs due to cost-cutting efforts. Employment for food preparation and service occupations is projected to grow by 37 percent, increasing by 2.6 million jobs. These workers are concentrated in eating and drinking places. This industry is projected to have the largest numer ical job growth of all the industries in the economy from 1986 to 2000— nearly 2.5 million additional jobs. Occupa tional employment growth ranges from 17 percent for insti tution or cafeteria cooks to 46 percent for restaurant cooks. The protective service workers group is projected to grow by 31 percent, or by 645,000 jobs. Within this group, the largest and most rapidly growing occupation is guards, with a projected increase of 48 percent. Their growth is expected to occur mainly in the protective services industry as more and more firms choose to contract out for protective services. Another large service occupation with a sizable employ ment increase is janitors and cleaners (604,000 jobs), al though the growth rate for the occupation will be about the average for the economy. More and more firms also are https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 5. Occupations with the largest job growth, 19862000, moderate alternative [Numbers in thousands] Employment Occupation Salespersons, retail ................. Waiters and waitresses ........... Registered nurses ................... Janitors and cleaners, including maids and housekeeping cleaners................................ General managers and top executives ............................ Cashiers .................................. Truck drivers, light and heavy .. General office clerks ............... Food counter, fountain, and related workers..................... Nursing aides, orderlies, and attendants ............................ Secretaries .............................. Guards .................................... Accountants and auditors......... Computer programmers........... Food preparation workers......... Teachers, kindergarten and elementary............................ Receptionists and information c le rk s.................................... Computer systems analysts, electronic data processing . . . Cooks, restaurant..................... Licensed practical nurses........ Gardeners and groundskeepers, except farm ......................... Maintenance repairers, general utility .................................... Stock clerks, sales f lo o r ........... First-line supervisors and managers.............................. Dining room and cafeteria attendants and barroom helpers................... Electrical and electronics engineers.............................. Lawyers.................................... Change in employment, 1986-2000 Percent of total job growth, 1986-2000 1986 Projected, 2000 Number Percent 3,579 1,702 1,406 4,780 2,454 2,018 1,201 752 612 33.5 44.2 43.6 5.6 3.5 2.9 2,676 3,280 604 22.6 2.8 2,383 2,165 2,211 2,361 2,965 2,740 2,736 2,824 582 575 525 462 24.4 26.5 23.8 19.6 2.7 2.7 2.5 2.2 1,500 1,949 449 29.9 2.1 1,224 1,658 433 35.4 2.0 3,234 794 945 479 949 3,658 1,177 1,322 813 1,273 424 383 376 335 324 13.1 48.3 39.8 69.9 34.2 2.0 1.8 1.8 1.6 1.5 1,527 1,826 299 19.6 1.4 682 964 282 41.4 1.3 331 520 631 582 759 869 251 240 238 75.6 46.2 37.7 1.2 1.1 1.1 767 1,005 238 31.1 1.1 1,039 1,087 1,270 1,312 232 225 22.3 20.7 1.1 1.0 956 1,161 205 21.4 1.0 433 631 197 45.6 .9 401 527 592 718 192 191 47.8 36.3 .9 .9 expected to contract out for janitorial services, rather than using their own employees for this work. Agriculture, forestry, and fishing workers. Although this group as a whole is projected to have an employment decline of 163,000 jobs, several detailed occupations are projected to have significant employment increases. The most impor tant of these increases is for the gardeners and groundskeep ers, except farm, occupation that is projected to gain nearly 240,000 jobs largely because of growth in lawn services and landscaping services for both individuals and businesses. Occupations in farming are projected to account for most of the employment decline in this group. Employment for farmers is expected to decline by 332,000 jobs as small farms continue to be consolidated into larger ones. Elowever, the process of farm consolidation is projected to lead to an increase in the number of jobs (47,000) for farm managers. Employment for farm workers is expected to decrease by almost 200,000 jobs as farming methods and equipment improve. 59 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Occupational Employment Blue-collar worker supervisors. The blue-collar worker supervisors occupation is expected to gain 144,000 jobs, an increase of only 8 percent. This slow growth rate is due mainly to the projected employment decline in manufactur ing. However, small employment gains are expected in some manufacturing industries, including plastics, electron ics, and commercial printing. Most of the growth in the blue-collar worker supervisors occupation is expected to occur outside manufacturing, especially in construction and services. Construction trades and extractive workers. Employment for carpenters is projected to grow by about 18 percent, or by 182,000 jobs— the largest numerical increase among oc cupations in this cluster. Close to one-third of the gain is expected to occur among self-employed carpenters. The residential building and nonresidential carpentering and flooring industries are expected to add the bulk of the re maining jobs. Employment in the electricians occupation is projected to grow by 89,000 jobs. Most of the increase is expected to occur in construction, which will more than offset job losses projected for electricians in manufacturing. Employment for painters and paperhangers (construction and maintenance) is projected to increase by 90,000 jobs. More than 40 percent of this increase is expected among self-employed painters and paperhangers. The wage and salary worker increase is projected to occur in the construc tion, real estate, and services sectors. Employment in the plumbers, pipefitters, and steamfitters occupation is projected to have an increase of 69,000 jobs, mainly occurring in construction. Mechanics, installers, and repairers. The general utility maintenance repairers occupation is projected to have the largest job gain (232,000 jobs) within this job cluster, al though the growth of 22 percent will be the same as that for total employment. A large part of the increase is expected in real estate and services, such as business services, hotels, nursing care, and education. Employment for bus and truck mechanics and diesel engineers is projected to grow by 63,000 jobs due to employment gains in trucking, repair services, and trade. Employment in the data processing equipment repairers group is projected to increase by 56,000 jobs, or 80 percent, the largest percentage increase of any occupation in the mechanics, installers, and repairers group. Most of the increase is expected in the machinery and equip ment wholesale trade industry and in the computer and data processing services industry. The number of automotive mechanics is projected to grow by 60,000 jobs, an increase of only 8 percent. This modest rate of increase is due to a decline in repair work done in gasoline service stations and from better design and workmanship in automobiles. 60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Precision production and plant system operators. The precision production and plant systems operators group is projected to experience little growth through the year 2000. The precision woodworkers occupation is expected to add 30.000 of the 134,000 new jobs for the group; the dental laboratory technicians and sheet metal workers occupations are expected to add 18,000 jobs and 19,000 jobs, respec tively. The number of machinists is projected to drop by 5.000 jobs. Shoe and leather workers and repairers are ex pected to be one of the most rapidly declining occupations (17 percent) due to the projected declines in the shoe and leather industries. Machine setters, set-up operators, operators, and tenders. This occupational group is projected to have the largest job decline, down 194,000 jobs. Employment for garment sewing machine operators is expected to decline by 14 per cent, or by 92,000 jobs, as a result of the impact of technol ogy and foreign imports on employment in the apparel in d u s t r y . O t h e r o c c u p a t i o n s e x p e c t e d t o d e c l i n e i n c l u d e t e x tile drawout and winding machine operators (55,000 jobs); chemical equipment controllers and operators (22,000 jobs); and machine tool cutters, operators, and tenders (19,000 jobs). However, several occupations in this group are in industries that are growing and are expected to make modest gains: plastic molding machine operators and tenders (36,000 jobs), laundry and dry cleaning machine operators and tenders (31,000 jobs), and offset lithographic press set ters and operators (23,000 jobs). Assemblers and other handwork occupations. Employ ment in this group as a whole is projected to decline by 113.000 jobs as many tasks of the workers are automated. The increasing use of industrial robots, for example, is expected to cause electrical and electronic assemblers to be the fastest declining occupation with a projected loss of 54 percent (table 6) and to cause a more modest 7-percent decline for welders and cutters. The impact of technological change is expected to be less severe on precision assemblers as a group because current robots, which are expected to be used on a large scale in the 1990’s, are not capable of performing more complex assembly tasks. The employment of precision assemblers, therefore, is expected to remain virtually unchanged from 1986 to 2000. Transportation and material moving occupations. Employment in many occupations in this group is expected to decrease between 1986 to 2000 due to declining industry employment and technological changes. The railroad indus try, for example, is expected to lose about 190,000 jobs, causing the number of rail transportation workers to drop by 37 percent. The number of water transportation workers is expected to decline by 8 percent as a result of the projected employment losses in the water transportation industries. The greater use of automated materials handling equipment in factories and warehouses is projected to cause employ ment in the industrial truck and tractor operators occupation to decrease by about 34 percent. Employment in the truck drivers occupation, however, is projected to grow by 21 percent, increasing by more than half a million jobs between 1986 and 2000. Other occupations expected to have average growth rates include bus drivers, parking lot attendants, excavation and loading machine operators, grading machine operators, and operating engineers. The aircraft pilots and flight engineers occupation is projected to increase faster than the average for total employment, or by 29 percent. Helpers, laborers, and hand material movers. Occupa tions in this group are generally expected to grow more slowly than the average for total employment except for the refuse collectors occupation, which is projected to have an average rate of growth through the year 2000. Declines in the machine feeders and offbearers occupation (6 percent) and freight, stock, and material movers occupation (2 per cent) are expected as a result of technological changes. Low and high projections The distribution of employment by broad occupational group varies little among the projected alternatives for 2000 because of offsetting changes within the broad occupational groups. (See table 7.) In specific occupations, however, some significant differences may exist between the moder ate and either the low or high alternatives. The differences in occupational employment from one alternative to another are caused only by differences in projected industry employ ment levels, because the same set of occupational staffing Table 7. Occupational employment distribution, 1986 and projected to 2000 Projected, 2000 Occupation 1986 Employment Occupation 1986 Electrical and electronic assemblers................... Electronic semiconductor processors ................. Railroad conductors and yardmasters................. Railroad brake, signal, and switch operators . . . . Gas and petroleum plant and system occupations ..................................................... Industrial truck and tractor operators................... Shoe sewing machine operators and tenders . . . Station installers and repairers, telephone.......... Chemical equipment controllers, operators and tenders ..................................................... Chemical plant and system operators................. Stenographers..................................................... Farmers................................................................ Statistical cle rks................................................... Textile draw-out and winding machine operators and tenders ..................................................... Central office and pbx installers and repairers . . . Farm workers........................................................ Coil winders, tapers, and finishers ..................... Central office operators ...................................... Directory assistance operators............................ Compositors, typesetters, and arrangers, precision............................................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Projected, Percent decline In employment 2000 100.0 10.2 1.6 0.8 4.4 2.8 3.5 3.8 12.3 16.6 17.3 100.0 10.2 1.6 0.8 4.3 2.8 3.5 3.8 12.3 16.6 17.2 100.0 10.3 1.6 0.8 4.3 2.8 3.5 3.8 12.2 16.6 17.1 Agriculture, forestry, and fishing workers.......... Blue-collar worker supervisors ...................... Construction trades and extractive workers....... Mechanics and repairers ............................ Precision production and plant systems occupations.......................................... Machine setters and operators...................... Assemblers and other hand workers............... Transportation and material moving workers .... Helpers and laborers ................................. 3.2 1.6 3.6 4.2 2.6 1.5 3.6 4.0 2.6 1.5 3.5 4.0 2.5 1.5 3.6 4.0 2.7 4.4 2.4 4.3 3.8 2.4 3.5 1.9 4.0 3.4 2.4 3.6 1.9 4.0 3.4 2.4 3.6 2.0 4.0 3.4 patterns were used for all alternatives. Total employment in the moderate trend projections varies by only about 4 per cent from the high alternative and about 6 percent from the low alternative. Therefore, the greatest numerical dif ferences for specific occupations exist between the low alternative projected employment and the moderate trend employment; the following text tabulation shows these differences: Occupation S a le s p e r s o n s , retail S e c r e ta r ie s Employment difference .................... ....................................... T ru ck d r iv e r s , lig h t and h e a v y Jan itors an d c l e a n e r s ................... 116 14 17 25 -53.7 -51.1 -40.9 -39.9 31 426 27 58 20 283 18 40 -34.3 -33.6 -32.1 -31.8 73 33 52 23 -29.7 -29.6 178 1,182 71 128 850 52 -28.2 -28.1 -26.4 219 74 940 34 42 32 164 57 750 28 34 27 -25.2 -23.1 -20.3 -18.5 -17.9 -17.7 30 25 -17.1 216,000 188,000 145.000 138.000 136.000 136.000 125.000 B o o k k e e p in g , a c c o u n tin g , and a u d itin g c l e r k s ............................ B lu e - c o lla r w o r k e r su p e r v is o r s 249 29 29 42 High 100.0 9.5 1.4 0.7 4.4 2.3 3.3 3.3 11.3 17.8 15.7 G e n e r a l o f f ic e c l e r k s ................... C a s h ie r s ............................................... [Numbers in thousands] Moderate Total, all occupations .............................. Managerial and management-related workers ... Engineers, architects, and surveyors ............. Natural scientists and computer specialists....... Teachers, librarians, and counselors............... Health-diagnosing and treating specialists ....... Other professional specialists....................... Technicians............................................. Marketing and salesworkers......................... Administrative support, including clerical.......... Service workers........................................ G e n e r a l m a n a g e r s and top e x e c u t iv e s .................................... T a b le 6 . F a s te s t d e c lin in g o c c u p a tio n s , 1 9 8 6 - 2 0 0 0 , m o d e r a te a lt e r n a t iv e Low W a ite r s an d w a itr e s s e s .............. 123.000 113.000 94,000 Uses and implications bls occupational projections are used extensively for ca reer guidance and provide the background for analyses of future employment opportunities in the bls Occupational Outlook Handbook. Job outlook discussions in the 1988-89 edition of the Handbook, scheduled for release in the spring of 1988, will use the projections presented in this article. These projections also provide information for analyzing a variety of issues, including the relation of education and training to job opportunities and labor market conditions for minority groups. Educational attainment. Much has been written to indi cate that the changing occupational structure of employment 61 MONTHLY LABOR REVIEW September 1987 • Projections 2000: Occupational Employment implies the need for a more highly educated work force. To see if the 1986-2000 occupational projections substantiate this view, the occupational clusters discussed previously were divided into three groups. Group I includes the clusters in which at least two-thirds of the workers in 1986 had 1 or more years of college. Group II includes the clusters in which the median years of school completed was greater than 12 and the proportion of those workers with less than a high school education was relatively low. Group III in cludes occupational clusters where the proportion of work ers having less than a high school education was relatively high— more than 30 percent. Given that workers in any occupational cluster have a broad range of educational back ground, these three groups can only be based on the educa tional level of the majority of workers. Obviously, workers are employed in each of the groups at each of the educa tional levels. The distribution of total employment in 1986 and pro jected 2000 employment for these three groups of educa tional attainment is shown in table 8. These data indicate that employment in the occupations requiring the most edu cation, group I, is projected to increase as a proportion of total employment, while employment in the other two groups in which workers had less education will decline as a proportion of total employment. The proportion of total employment is expected to decline the most in group III, the group which requires the least amount of education. It should be noted that the service workers group— the only occupational cluster in the educational attainment group III with median school years completed above 12 years— is increasing as a proportion of total employment. All other occupational clusters in this group are declining (some by very significant amounts). Conversely, in group I, all the T a b le 8 . E m p l o y m e n t in b r o a d o c c u p a t i o n a l c l u s t e r s b y le v e l o f e d u c a t i o n a l a t t a i n m e n t , 1 9 8 6 a n d p r o j e c t e d t o 2 0 0 0 , m o d e r a t e a lte r n a t iv e [In percent] Occupation 1986 2000 Total, all groups ................................................................ 100.0 100.0 Group I, total ......................................................................... Management and management-related occupations . . . . Engineers, architects, and surveyors................................ Natural scientists and computer specialists ..................... Teachers, librarians, and counselors................................ Health diagnosing and treating ........................................ Other professional specialists........................................... Technicians ...................................................................... 25.1 9.5 1.4 .7 4.4 2.3 3.5 3.3 27.3 10.2 1.5 .8 4.3 2.8 3.7 4.0 Group II, to ta l........................................................................ Salesworkers .................................................................... Administrative support, including c le ric a l......................... Blue-collar worker supervisors........................................... Construction trades and extractive w o rkers..................... Mechanics and repairers................................................... Precision production and plant systems workers ............. 40.8 11.3 17.8 1.6 3.4 4.2 2.5 40.0 12.3 16.7 1.5 3.3 4.0 2.2 Group III, total ...................................................................... Service workers ................................................................ Agriculture, forestry, and fishing w orkers.......................... Machine setters and operators ......................................... Hand workers.................................................................... Transportation and material moving workers ................... Helpers and laborers ....................................................... 34.0 15.7 3.3 4.5 2.4 4.3 3.8 32.7 17.2 2.6 3.6 1.9 4.0 3.4 62 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Table 9. Projected 1986-2000 growth rate and percent of total employment in 1986 accounted for by blacks, Hispanics, and women, moderate alternative1 Occupation Percent of total Projected percent employment in 1986 change, 1986-2000 Black Hispanic Women Total, all occupations .............................. Natural scientists and computer specialists....... Health diagnosing and treating occupations .... Technicians............................................. Engineers, architects, and surveyors ............. Service workers........................................ Marketing and salesworkers......................... Managerial and management-related workers ... Other professional workers........................... Construction trades and extractive workers....... 19 46 42 38 32 31 30 29 26 18 10 6 6 8 4 17 6 6 7 7 7 3 3 4 3 9 5 4 4 8 44 31 67 47 7 61 48 43 43 2 Teachers, librarians, and counselors............... Mechanics and repairers ............................ Administrative, support, including clerical ........ Transportation and material moving workers .... Helpers and laborers .................................. Precision production and plant systems occupations .......................................... Machine setters and operators...................... Assemblers and other handwork occupations ... Agriculture, forestry, and fishing workers.......... 16 15 11 10 6 9 7 11 14 17 3 7 6 8 11 68 3 80 9 16 4 -4 -4 -5 9 16 13 7 9 13 11 10 23 42 38 16 1Does not include supervisors in construction trades and extractive workers; mechanics and repairers; precision production and plant system occupations; or assemblers and other hand work occupations. clusters are increasing as a percent of total employment except for the teachers, librarians, and counselors occupation. Minority groups. Job opportunities for individuals or groups of workers are determined by a multitude of factors relating to the job market and the characteristics of workers. Consequently, in developing projections of employment by industry and occupation, bls does not develop projections of the demographic composition of those jobs. However, data on the current demographic composition of jobs can be used in conjunction with projected change in employment to determine the implications of the employment projections. For example, projections can be used to see if future job growth is consistent with the labor market pattern for jobs currently held by blacks and Hispanics. Blacks and Hispanics accounted for about 10 percent and 7 percent of employment in 1986, respectively. Although members of these two groups were employed in virtually every occupation, they were more heavily concentrated in certain occupational clusters. These occupational clusters are listed in decreasing order by projected growth rate in table 9. In general, the data show that both blacks and Hispanics account for a greater proportion of persons em ployed in the occupations that are projected to decline or grow more slowly than in those occupations that are pro jected to increase rapidly. It should be pointed out that the occupational clusters projected to decline or grow slowly are generally those requiring the least amount of education and training and those projected to grow the fastest require the most education and training. The only exception is the serv ice workers cluster, which, as discussed previously, is growing rapidly. In general, occupations having the fastest growth rates can be assumed to have the better opportunities for employ ment. For blacks and Hispanics to improve their labor mar ket situation, they must be able to take advantage of those opportunities. The labor force projections discussed in the article by Howard Fullerton, pp. 19-29, indicate that blacks and Hispanics will make up 17.4 percent and 28.7 percent of the total labor force growth, respectively. Because, as noted earlier, the fastest growing occupations are those in which a high percentage of workers currently have post secondary education, the data imply that improvements in educational attainment are important if blacks and Hispanics are to take advantage of the favorable job opportunities associated with these rapidly growing occupations. The proportion of women employed in certain occupa tional clusters varies among the clusters. In general, however, women account for relatively high proportions of employment in the faster growing occupations with two exceptions. For natural scientists and computer specialists, the women’s share of employment currently is low and the proportion of women employed as engineers, architects, and surveyors is very low (7 percent). Women tend to account for smaller proportions in the occupations projected to de cline or grow slowly, except for the proportion of women employed as machine setters and operators. In summary, occupations requiring the most education and training are projected to grow more rapidly than total employment. Women currently represent larger proportions of employment in those occupations than blacks and His panics. Therefore, among the three minority groups, em ployment opportunities for women are expected to be the most favorable. -FOOTNOTES 1 Data from the 1983, 1984, and 1985 Occupational Employment Statis tics ( o e s ) surveys, the most current for each industry in the economy when the projections were developed, were used to develop 1986 occupational staffing patterns for industries covered by the matrix. Staffing patterns for other industries were derived from the 1986 Current Population Survey. For more information concerning the development o f the National IndustryOccupation Matrix, see Employment Projections for 1995: Data and Meth o d s , Bulletin 2253 (Bureau of Labor Statistics, 1986). For more informa tion concerning the o e s survey program, see b l s Handbook of Methods , Bulletin 2134-1 (Bureau of Labor Statistics, December 1982). https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 The 1986 and projected 2000 occupational distributions in each of the 258 detailed matrix industries were multiplied by estimates o f total wage and salary worker employment in each year. Estimates of self-employed and unpaid family workers by occupation for 1986 and projected 2000 were developed at the total (all industry) level based on data in the Current Population Survey. They were added to the sum of wage and salary worker employment to derive estimates of 1986 and projected 2000 total employ ment by occupation for the economy. 3 In the National Industry-Occupation Matrix, State and local govern ment workers in education and health service industries are included in the services industry division, not in government. 63 Strong employment growth highlights first half of 1987 With employment gains larger than the labor force expansion, the level and rate o f unemployment showed marked improvements; job growth was concentrated in the service-producing sector W ayne J. Howe Employment rose markedly during the first half of 1987. The number of unemployed workers dropped by 700,000 to 7.4 million, and the civilian unemployment rate fell more than half a point to 6.2 percent.1This brought the rate to its lowest level since the first quarter of 1980. The employment gains in the first half continued to be concentrated in the service-producing sector. In the goodsproducing sector, there was an overall increase in construc tion and manufacturing jobs, and employment in mining began to show a recovery from recent job losses.2 Unemployment and other labor market problems The civilian unemployment rate, which had exhibited a pattern of slow improvement since the second quarter of 1984, dipped 0.7 percentage point to 6.2 percent in the second quarter of 1987, as unemployment dropped to 7.4 million persons. (See table 1.) There were improvements for almost all worker groups. Demographic groups. Recently, there has been a shift away from the historical pattern of a higher unemployment rate for women than for men. At 5.5 and 5.4 percent in the second quarter of 1987, the unemployment rates for adult men and women declined 0.6 percentage point from the last quarter of 1986. The similarity of jobless rates for these two groups at this point of an expansionary period is unprece dented. For example, during the late 1970’s, the rate for women generally exceeded the rate for men by U to 2 Wayne J. Howe is an economist in the Division of Labor Force Statistics, Bureau o f Labor Statistics. 64 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis percentage points. (See chart 1.) In the 1980’s, however, the male unemployment rate rose much more steeply than that for women during the two recessions and, reflecting the industrial restructuring that has occurred, has not returned to the 4-percent level recorded in 1979. By contrast, the unem ployment rate for adult women returned to 1979 levels. Women have traditionally been more concentrated than men in the relatively fast-growing service-producing indus tries. Thus, they were apparently more insulated from the effects of industrial restructuring. Other factors that may have served to improve the unemployment situation of women include a sharp rise in their educational attainment, a shift into more full-time, career-oriented employment, and a more firm attachment to the labor force even during their childbearing years. The unemployment rate for teenagers, at 17.0 percent in the second quarter of 1987, was lower than during all of 1986. Unemployment rates for whites, blacks, and Hispanics declined to their lowest levels of the current expansion ary period. The rate for blacks, at 13.2 percent in the second quarter, remained about 2\ times the 5.3-percent rate for whites, while the rate for Hispanics, at 8.8 percent, re mained in an intermediate position. Reasons and duration. The number of unemployed job losers, job leavers, reentrants, and new entrants all declined from late 1986. With the exception of job leavers— persons who quit or otherwise voluntarily terminate their employ ment— all other reasons-for-unemployment measures have declined significantly during the last 2 years. Although there was a dip in the number of unemployed Table 1. Selected labor force indicators by sex, age, race, and Hispanic origin, seasonally adjusted quarterly averages, 1 9 8 2 -8 7 [Numbers in thousands] 1982 1984 IV IV I II III IV I II 110,959 64.1 99,120 3,471 95,649 57.3 11,839 10.7 114,259 64.5 105,938 3,323 102,615 59.8 8,321 7.3 117,008 65.1 108,752 3,212 105,540 60.5 8,256 7.1 117,628 65.2 109,249 3,171 106,078 * 60.6 8,379 7.1 118,171 65.3 109,980 3,108 106,873 60.8 8,191 6.9 118,558 65.4 110,420 3,179 107,241 60.9 8,138 6.9 119,202 65.5 111,254 3,222 108,032 61.1 7,948 6.7 119,615 65.5 112,180 3,268 108,912 61.5 7,435 6.2 58,375 78.8 52,553 70.9 5,822 10.0 60,014 78.3 56,249 73.4 3,765 6.3 61,137 78.2 57,428 73.5 3,710 6.1 61,189 78.1 57,417 73.2 3,772 6.2 61,329 78.0 57,579 73.2 3,750 6.1 61,646 78.1 57,860 73.3 3,786 6.1 61,968 78.2 58,320 73.6 3,647 5.9 62,063 78.1 58,636 73.8 3,427 5.5 44,112 52.9 40,127 48.1 3,985 9.0 46,348 54.0 43,243 50.3 3,105 6.7 47,990 55.0 44,902 51.5 3,088 6.4 48,451 55.4 45,362 51.9 3,089 6.4 48,916 55.8 45,910 52.3 3,006 6.1 48,993 55.7 46,048 52.4 2,945 6.0 49,288 55.9 46,411 52.6 2,877 5.8 49,651 56.1 46,990 53.1 2,661 5.4 8,472 54.3 6,935 41.3 2,032 24.0 7,898 54.2 6,446 44.2 1,451 18.4 7,880 54.5 6,422 44.4 1,458 18.5 7,988 55.2 6,470 44.7 1,518 19.0 7,926 54.7 6,492 44.8 1,434 18.1 7,919 54.4 6,512 44.8 1,407 17.8 7,946 54.6 6,522 44.8 1,424 17.9 7,901 54.1 6,554 44.9 1,347 17.0 96,623 64.4 87,452 58.3 9,171 9.5 98,812 64.7 92,608 60.7 6,204 6.3 101,126 65.3 94,945 61.3 6,182 6.1 101,571 65.4 95,366 61.4 6,205 6.1 102,098 65.6 96,013 61.7 6,086 6.0 102,418 65.7 96,320 61.8 6,098 6.0 102,812 65.7 96,903 61.9 5,909 5.7 103,191 65.8 97,702 62.3 5,489 5.3 11,503 61.5 9,155 48.9 1,309 20.4 12,251 62.9 10,403 53.4 1,848 15.1 12,589 63.4 10,732 54.0 1,857 14.7 12,707 63.7 10,822 54.3 1,885 14.8 12,605 62.9 10.779 53.8 1,826 14.5 12,715 63.2 10.924 54.3 1,791 14.1 12,877 63.7 11,051 54.7 1,827 14.2 12,822 63.1 11.131 54.8 1,691 13.2 6,826 63.5 5,783 53.8 1,043 15.3 7,612 65.4 6,813 58.5 799 10.5 7,881 64.7 7,027 57.7 855 10.8 8,020 65.3 7,163 58.3 857 10.7 8,143 65.7 7,268 58.6 876 10.8 8,249 66.0 7,409 59.3 839 10.2 8,427 66.4 7,607 59.9 820 9.7 8,508 66.4 7,756 60.6 751 8.8 1986 1987 Characteristic Total Civilian labor force ............................................................................. Percent of population ................................................................ Employed........................................................................................ Agriculture ................................................................................. Nonagriculture............................................................................. Employment-population ratio ..................................................... Unemployed................................................................................... Unemployment ra te .................................................................... Men, 20 years and over Civilian labor fo rc e ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment ra te .................................................................... Women, 20 years and over Civilian labor fo rc e ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment r a te .................................................................... Both sexes, 16 to 19 years Civilian labor fo rc e ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment ra te .................................................................... White Civilian labor fo rc e ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment ra te .................................................................... Black Civilian labor force ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment ra te .................................................................... Hispanic origin Civilian labor fo rc e ............................................................................. Percent of population ................................................................ Employed........................................................................................ Employment-population r a tio ..................................................... Unemployed................................................................................... Unemployment r a te .................................................................... No te: Detail for race and Hlspanic-origin groups will not sum to totals because data for the “other races” group are not presented, and Hispanics are included in both the white and black persons in the first half of 1987, the mean and median duration of unemployment were little changed, at 14.8 and 6.7 weeks, respectively. After peaking at one-fourth of the unemployed in the second quarter of 1983, the proportion of long-term jobless (27 weeks or more) remained at less than 15 percent during the first half of 1987. There were still more than 1 million long-term unemployed in the labor market in mid-1987. Discouragement and involuntary part-time work. Despite the continued employment growth and unemployment de cline, the number of discouraged workers— persons who https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis population groups, report that they want to work but have not actively looked for jobs because they believe they could not find any— edged down to 1 million in the first half of 1987. The number of discouraged workers was only slightly lower than in late 1984. Although discouragement declined among men and whites, there was little change for women and blacks, two groups already overrepresented among the discouraged. By mid-1987, women made up 45 percent of the civilian labor force but accounted for 61 percent of discouraged workers; blacks constituted 11 percent of the labor force but 29 percent of those discouraged. Another measure of underutilized resources, persons 65 MONTHLY LABOR REVIEW September 1987 • Employment in First H alf o f 1987 Chart 1. Unemployment rates for men and women age 20 and older, 1979-87 Seasonally adjusted quarterly data Percent Percent Chart 2. Employment changes by major industry, fourth quarter 1986 to second quarter 1987 Digitized for66 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Seasonally adjusted Growth (in thousands) 0 100 200 300 400 500 600 working part time for economic reasons (those who would have preferred full-time work), declined to 5.3 million by the second quarter of 1987. The two major factors cited by workers as reasons for part-time employment for economic reasons are slack work and inability to find full-time work. The number of such part-time workers has dropped signifi cantly since the fourth quarter of 1982. However, the pace of that decline has not matched the decline in the number of unemployed persons during that same period. Civilian employment Total civilian employment continued to expand, rising by 1.8 million in the first half of 1987, the strongest twoquarter job gain since the first half of 1984. At 112.2 million in the second quarter of 1987, total employment had in creased by 13.1 million from the recession trough in the fourth quarter of 1982.3 The present economic expansion (55 months as of June 1987) has followed the post-World War II pattern of robust employment growth in the early stages of a recovery period, followed by relatively smaller increases in subsequent years. The following tabulation shows the percentage change in employment during each 6-month period of the current recovery: P e r io d P e r c e n t ch an ge IV 1 9 8 2 -1 1 1 9 8 3 ...................................................................... .8 II 1 9 8 3 - 1 V 1 9 8 3 ...................................................................... 2 .6 IV 1 9 8 3 -1 1 1 9 8 4 ...................................................................... 2 .4 II 1 9 8 4 - 1 V 1 9 8 4 ...................................................................... .8 IV 1 9 8 4 -1 1 1 9 8 5 ...................................................................... .8 II 1 9 8 5 - I V 1 9 8 5 ...................................................................... 1.1 IV 1 9 8 5 -1 1 1 9 8 6 ...................................................................... 1 .2 II 1 9 8 6 - 1 V 1 9 8 6 IV 1 9 8 6 -1 1 1 9 8 7 ...................................................................... ...................................................................... 1.1 1 .6 The strongest growth during the current recovery was be tween the second quarters of 1983 and 1984, followed by much lower rates of employment growth through 1986. However, the recent increase in the rate of employment growth is somewhat unusual, because it transpired after more than 4 years of economic growth. Age and gender. As has been the case throughout the current economic expansion, almost all of the employment increase during the first 6 months of 1987 was concen trated among adults. As shown in the following tabulation, adult women accounted for more than half of the job gain, although they make up only 42 percent of all U.S. workers: P ercen t o f II 1 9 8 7 e m p lo y m e n t P ercen t o f IV 1 9 8 6 -1 1 1 9 8 7 em p lo ym en t ch a n g e T o t a l ................................. .................... 100 100 M e n ............................ .................... W o m e n ...................... .................... T e e n a g e r s ................. .................... 52 42 6 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 54 2 Although relatively strong, women’s share of employment growth in the first half of 1987 was smaller than in both 1985 and 1986, when they accounted for 70 and 56 percent, respectively, of over-the-year increases in employment. Adult men and teenagers contributed relatively small amounts toward the employment increase in proportion to their shares of the total work force. Nevertheless, adult men’s share of job growth during the first 6 months of 1987 was the largest since the second half of 1984. The employment-population ratio (the proportion of the working-age population with civilian jobs) provides addi tional evidence of the strong recent pattern of employment growth for adult men and women. As the following tabula tion shows, the employment-population ratio for adult women rose steadily between the second quarters of 1983 and 1987, continuing a long-term trend. P e r io d O v e r a ll M en W om en T een a g ers S e c o n d quarter: 1979 1983 1984 1985 ............................ ............................ ............................ ............................ 5 9 .8 5 7 .5 5 9 .6 6 0 .0 7 6 .5 7 1 .0 7 3 .2 7 3 .2 4 7 .4 4 8 .4 5 0 .3 5 0 .9 4 8 .5 4 0 .8 4 4 .0 4 4 .2 1 9 8 6 ............................ 1 9 8 7 ............................ 6 0 .6 6 1 .5 7 3 .2 7 3 .8 5 1 .9 5 3 .1 4 4 .7 4 4 .9 For adult men, the employment-population ratio showed no change between the second quarters of 1984 and 1986, after sharply declining during the last recession. While it in creased during the first 6 months of 1987, the adult male ratio is still well below its 1979 level. This largely reflects a continuation of long-term declines in employment activity of older men. The employment-population ratio for teenagers dropped between 1979 and 1983, recovered slightly in early 1984, and has edged up slightly over the last 3 years. Whites, blacks, and Hispanics. All three major race or ethnic groups contributed to the job growth in the first half of 1987. The fastest rate of employment gain was recorded by Hispanic workers. Although they make up only 7 percent of the U.S. labor force, Hispanics accounted for 20 percent of the overall increase in employment. Their employmentpopulation ratio increased by more than 1 percentage point over the 6-month period to a record high 60.6 percent. Adult women were responsible for most of the employment gains among both whites and blacks. Both whites and blacks also experienced increases in their employment-population ratios. Industrial developments The number of employees on nonagricultural payrolls (as measured by the survey of business establishments) aver aged 101.7 million in the second quarter of 1987, a gain of 1.3 million jobs in the last 6 months. (See table 2.) Much of the growth occurred in the first quarter. Throughout much of the recovery period, the employment increase was domi nated by service-producing industries, where there was an 67 MONTHLY LABOR REVIEW September 1987 • Employment in First Half o f 1987 service-producing sector of the economy. The largest job gains have been in services and retail trade, accounting for 60 percent of the total increase in payroll jobs. And, in the first half of 1987, they continued to lead the expansion. The services industry posted a 535,000 job gain, with the busi ness and health services components accounting for almost two-thirds of the increase. Within business services, computer and data processing and temporary help industries continued to register strong job gains. Such progress was expected for computer and data processing, as more firms recognize the economic ben- addition of nearly 1.2 million jobs. All of the major indus tries which make up the service sector posted strong em ployment gains in the first half of 1987, with the services industry and retail trade generating the largest number of new jobs, while the fastest rate of employment growth was in finance, insurance, and real estate. Among the goodsproducing industries, construction and manufacturing showed a rise in employment. (See chart 2, p. 66.) Service-producing industries. Since the recession trough in November 1982, 6 of every 7 new jobs have been in the Table 2. Employees on nonagricultural payrolls by industry, seasonally adjusted quarterly averages, 1982-87 [In thousands] 1982 Industry 1987 1986 1984 IV IV I II III IV Total .............................................................................................. 88,717 95,882 98,901 99,321 99,804 100,397 101,133 101,686 Total private........................................................................................ 72,893 79,721 82,299 82,670 83,119 83,498 84,183 84,655 22,980 24,943 24,767 24,702 24,629 24,624 24,733 24,761 Mining ....................................................................................................... Oil and gas extraction ........................................................................... 1,029 651 957 610 864 529 789 461 750 429 730 411 720 406 732 419 Construction.............................................................................................. General building contractors ................................................................ 3,837 959 4,501 1,188 4,817 1,298 4,910 1,300 4,939 1,292 4,941 1,285 5,035 1,304 5,007 1,268 Goods-producing.............................................................................................. I II Manufacturing............................................................................................ 18,115 19,485 19,086 19,003 18,939 18,953 18,979 19,022 Durable goods........................................................................................ 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............................................................ 10,484 596 425 558 824 344 1,349 2,051 1,953 1,662 659 699 367 11,634 703 493 593 844 318 1,483 2,235 2,248 1,931 877 721 382 11,343 703 495 588 779 291 1,444 2,102 2,134 2,019 883 715 364 11,267 706 496 589 760 282 1,437 2,075 2,118 2,013 868 710 363 11,195 711 498 584 737 268 1,423 2,046 2,122 2,012 855 703 359 11,173 723 499 582 733 260 1,421 2,016 2,119 2,018 854 700 362 11,171 733 501 587 733 260 1,420 2,013 2,105 2,019 855 695 364 11,179 737 508 585 743 272 1,422 2,026 2,086 2,014 846 693 365 Nondurable goods................................................................................. Food and kindred products................................................................ Tobacco manufactures....................................................................... Textile mill products........................................................................... Apparel and other textile products ................................................... Paper and allied products.................................................................. Printing and publishing....................................................................... Chemical and allied products............................................................ Petroleum and coal products ............................................................ Rubber and miscellaneous plastics products.................................... Leather and leather products ............................................................ 7,631 1,628 68 729 1,139 654 1,271 1,055 200 679 209 7,851 1,607 64 726 1,156 682 1,404 1,056 188 792 176 7,743 1,608 61 700 1,110 673 1,443 1,028 172 788 158 7,737 1,615 60 702 1,104 673 1,452 1,022 170 787 152 7,744 1,618 58 707 1,102 673 1,462 1,021 168 787 148 7,780 1,626 58 713 1,105 678 1,472 1,019 165 797 147 7,808 1,631 58 722 1,103 678 1,482 1,018 164 805 147 7,843 1,636 57 726 1,107 676 1,497 1,021 164 810 150 Service-producing ........................................................................................ 65,737 70,939 74,134 74,619 75,175 75,773 76,399 76,925 Transportation and public utilities ............................................................ Transportation........................................................................................ Communication and public utilities........................................................ 5,023 2,735 2,288 5,201 2,964 2,237 5,261 3,035 2,226 5,211 3,023 2,188 5,231 3,038 2,193 5,272 3,067 2,204 5,317 3,099 2,218 5,349 3,125 2,224 Wholesale trade ........................................................................................ Durable goods........................................................................................ Nondurable goods................................................................................. 5,213 3,034 2,179 5,643 3,336 2,307 5,740 3,391 2,350 5,735 3,378 2,357 5,736 3,383 2,352 5,728 3,381 2,347 5,755 3,391 2,363 5,774 3,402 2,372 Retail trad e................................................................................................ General merchandise stores ................................................................ Food stores............................................................................................ Automotive dealers and service stations ............................................. Eating and drinking places.................................................................... 15,189 2,141 2,510 1,634 4,872 16,923 2,316 2,685 1,834 5,527 17,679 2,345 2,831 1,922 5,829 17,792 2,359 2,864 1,934 5,857 17,906 2,371 2,888 1,950 5,901 17,999 2,376 2,908 1,964 5,928 18,119 2,370 2,938 1,979 5,955 18,209 2,389 2,953 1,979 5,974 Finance, insurance, and real estate.......................................................... Finance.................................................................................................. Insurance .............................................................................................. Real estate ............................................................................................ 5,356 2,664 1,715 977 5,779 2,890 1,785 1,105 6,157 3,079 1,899 1,180 6,257 3,132 1,930 1,196 6,349 3,181 1,961 1,207 6,421 3,214 1,990 1,217 6,502 3,245 2,017 1,241 6,573 3,276 2,036 1,261 Services..................................................................................................... Business services................................................................................. Health services...................................................................................... 19,131 3,289 5,892 21,231 4,195 6,177 22,695 4,673 6,439 22,973 4,749 6,508 23,268 4,816 6,591 23,455 4,883 6,665 23,757 4,985 6,747 23,989 5,072 6,821 Government.............................................................................................. Federal.................................................................................................. S tate....................................................................................................... Local....................................................................................................... 15,824 2,745 3,641 9,438 16,161 2,830 3,771 9,560 16,602 2,916 3,871 9,815 16,651 2,896 3,882 9,873 16,685 2,885 3,884 9,916 16,899 2,900 3,916 10,082 16,949 2,917 3,929 10,104 17,031 2,921 3,945 10,166 Digitized for 68 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis efits of contracting out for those services. Ongoing job gains in the temporary help industry— businesses primarily en gaged in supplying temporary help to other establishments on a contractual basis— while small in the aggregate, repre sent a change in the way many American companies are conducting business. Although the growth rate of the tem porary employment industry has fallen off slightly from earlier in the recovery, the industry continues to expand at a vigorous pace. Elsewhere in the service-producing sector, retail trade employment showed marked growth in the first 6 months of 1987, adding 210,000 jobs. Within the largest retail trade industries, the strongest increases occurred in eating and drinking places and food stores, while gains in general mer chandise stores and automotive dealers and service stations were comparatively small. Employment gains in finance, insurance, and real estate continued at the same brisk pace experienced throughout 1986. All three components of that industry contributed to the strong growth. At the same time, government employment grew, mostly at the local level. Within transportation and public utilities, transportation was responsible for the bulk of the 75,000 employment rise in the first half of 1987. Finally, following an overall em ployment decline in 1986, there was an increase of 45,000 jobs in the wholesale trade industry. The majority of that employment boost was in nondurable goods. Goods-producing industries. After losing 320,000 jobs during 1985 and 1986, employment in the goods-producing sector edged up by 135,000 in the first half of 1987. The construction and manufacturing industries were each re sponsible for half of that job advance. All of the increase in construction jobs (95,000) occurred in the first quarter, reflecting exceptionally favorable weather during the winter months and a surge in building permits at the end of 1986. The second quarter showed a loss of 30,000 jobs. Special trade contractors continued steady employment gains in the first quarter of 1987. This industry accounted for the bulk of the employment growth in construction in 1984 and 1985 and all of the increase in 1986. As a result, the share of total construction jobs per formed by these contractors— who specialize in painting, papering, plumbing, electrical work, stone masonry, and roofing— has risen from 54 to 59 percent in the past 4 years. However, the industry’s growth slowed in the second quar ter of 1987. Heavy construction was the only other construc 1 Unless otherwise noted, changes in the first half of 1987 refer to movements in seasonally adjusted data from the fourth quarter of 1986 through the second quarter of 1987. 2 Data in this article are from two sources: the Current Population Survey (CPS), and the Current Employment Statistics survey (ces ). The CPS is a monthly survey of about 60,000 households and provides information on the labor force, employment, and unemployment by demographic and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tion industry to record employment gains in both the first and second quarters of 1987. That increase nearly recouped losses incurred during 1986. Mining employment edged up between February and May of 1987, in marked contrast to the large and persistent job losses of 1985 and 1986. The halt in the employment decline reflects stabilization in the oil and gas extraction industry, which had suffered a protracted slump during 1985 and 1986. Total manufacturing. employment also increased in the first half of 1987, although its durable goods component was rather stagnant. After growing sharply in the first 2 years of the current recovery, employment in durable goods manu facturing had fallen by 460,000 in 1985 and 1986. During that period, the largest job losses occurred in electrical and electronic equipment, motor vehicles, machinery, and in the primary and fabricated metal industries. The electrical equipment and motor vehicles industries continued to expe rience a drop in employment in the first half of 1987, losing an additional 35,000 and 10,000 jobs, respectively. Those declines were offset by a slight turnaround in the primary metals and machinery industries, in addition to continued growth in the lumber and wood products industry. After trending downward from the second half of 1984 through the end of 1985, nondurable goods employment improved in 1986, and that progress continued through the first two quarters of 1987. Within nondurable manufactur ing, the textiles, food, printing and publishing, and rubber and plastics industries were responsible for the recent job gains, as they were in the fourth quarter of 1986. Factories maintained unusually high workweeks in the first half of 1987, averaging just under 41 hours. That was the highest average since the last half of 1966. Factory overtime, at 3.6 and 3.7 hours in the first two quarters of 1987, was also very high by historical standards. i n c r e a s e in the rate of employment growth in the first half of 1987 was somewhat unusual, given the advanced stage of the current recovery. Employment gains were larger than the labor force expansion; consequently, the level and rate of unemployment showed marked improvements. Job growth was concentrated in the service-producing sector. While employment gains were posted in manufacturing, by historical standards, the factory workweek was at extraordi narily high levels. T he economic characteristics. The ces survey is a monthly survey o f approxi mately 290,000 nonagricultural establishments and provides information by detailed industry on the number of employees on business payrolls, as well as on average hours and earnings. 3 Business cycle peaks and troughs are designated by the National Bu reau of Economic Research. The most recent recession extended from July 1981 to November 1982. 69 M ajor Agreements Expiring Next M onth This list of selected collective bargaining agreements expiring in October is based on information collected by the Bureau’s Office of Wages and Industrial Relations. The list includes agreements covering 1,000 workers or more. Private industry is arranged in order of Standard Industrial Classification. In d u str y o r a c tiv ity E m p lo y e r a n d lo ca tio n N um ber o f w orkers L a b o r o r g a n iz a tio n 1 P r iv a te C o n str u c tio n .............................................. Southeastern States A rea agreem ent (In tersta te)................................................. Painting and D ecorating Contractors A sso cia tio n (C alifornia) .................. Boilerm akers ............................................ P a i n t e r s ........................................................ 7 ,0 0 0 1 ,0 0 0 F ood products K ello g g C o . (Battle C reek, Ml) ................................................................................ K ello g g C o . (Interstate) ............................................................................................... Grain M illers Grain M illers ............................................ ............................................ 2 ,5 0 0 2 ,1 5 0 ....................... C lothing and T ex tile W o r k e r s .......... 3 ,0 0 0 ................................................................ O il, C hem ical and A tom ic W orkers 1 ,3 0 0 Apparel ......................................... ...................................................... C h em icals ................................................. Infant and Juvenile M anufacturers A sso cia tio n (Interstate) U nion Carbide Corp. (Oak R id g e, t n ) Fabricated metal p r o d u c t s .................. B end ix C orp., K ansas C ity D iv isio n (M issouri) .............................................. R o ck w ell International C orp ., R ocky Flats Plant (G olden, C O ) ............... A tlas Crankshaft Corp. (Fostoria, o h ) ................................................................... M achin ists ................................................. S t e e lw o r k e r s .............................................. A uto W o r k e r s ............................................ 4 ,0 0 0 3 ,0 0 0 1 ,2 5 0 M achinery Borg-W arner C orp., York D iv isio n (Y ork, PA) .............................................. A u to W o r k e r s ............................................ 1 ,2 0 0 Transportation equipm ent .................. N ational Steel and Shipbuilding C o . (San D ie g o , CA) ................................. H ughes Aircraft C o. (T u cso n , A Z ) .......................................................................... M achinists; Carpenters; Painters . . . M achin ists ................................................. 3 ,0 0 0 2 ,2 0 0 U tilities Jersey Central P ow er and Light C o. (N e w Jersey) ......................................... D uke P ow er C o . (North C arolina) .......................................................................... H aw aiian Electric C o. (H o n o lu lu , hi ) ................................................................... Electrical W orkers ( ib e w ) .................. Electrical W orkers ( ib e w ) .................. Electrical W orkers ( ib e w ) .................. 2 ,7 0 0 1 ,8 5 0 1 ,0 0 0 W h olesale t r a d e ....................................... A sso cia ted Liquor W holesalers o f M etropolitan N e w York (N e w Y ork, NY) D istillery W orkers 1 ,0 5 0 Retail trade .............................................. K roger C o. (Interstate) .................................................................................................. A cm e Food Stores (Northern N e w Jersey) ........................................................ Chain and independent fo o d stores (S p o k a n e, w a ) ......................................... F ood and C om m ercial W orkers F ood and C om m ercial W orkers F ood and C om m erical W orkers R e sta u r a n ts................................................. O n-sale liquor dealers (M in n ea p o lis, MN) ........................................................... H otel E m p lo y ees and Restaurant E m p lo y ees H otel E m p lo y ees and Restaurant E m p lo y ees 1 ,1 0 0 O ffic e and Professional E m p lo y ees 1 ,4 0 0 L ife Insurance A gents ( l n d . ) ............. 1 ,6 0 0 ..................... S ervice E m p l o y e e s ................................. 3 .0 0 0 ............................................ Electrical W orkers ( ib e w ) .................. 1 ,7 0 0 W ashington H ospital Center, clerica l, tech n ica l, services (W ash ington, DC) S ervice E m p l o y e e s ................................. 1 ,5 0 0 ......................................................... G eorgia: M etropolitan Atlanta Rapid Transit Authority ............................... W ashington: Seattle M etro T r a n s it .......................................................................... Transit U nion ............................................ Transit U nion ............................................ 2 ,0 0 0 2 ,7 0 0 E d u c a tio n ................................................... O hio: U n iversity o f C incinnati, c la ssifie d ........................................................... State, County and M unicipal E m ployees E ducation A sso cia tio n ( l n d . ) ............. 1 ,5 0 0 ................................................. ...................................................... D elica tessen D ealers A sso cia tio n (N ew Y ork, N Y ) ......................................... F in a n c e ......................................................... D epository Trust C o . (N e w Y ork, NY) Insurance Prudential Insurance C o . o f A m erica (Interstate) ................................................... ................................................................ ............................................ Real estate ................................................. B u ildin g O perators Labor R elations Inc. (P hiladelphia, PA) S ervices ...................................................... E levator Industries A sso cia tio n (N ew Y ork, NY) H osp itals ................................................... ................................. ... ... ... 3 ,7 0 0 2 ,5 0 0 1 ,5 0 0 1 ,0 0 0 P u b lic Transit W isconsin: M adison Board o f Education, t e a c h e r s ......................................... 1 A ffiliated w ith afl- cio excep t where noted as independent ( ln d ) . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 ,7 0 0 Developments in Industrial Relations Aerospace update In St. Louis, 11,000 workers were covered by a 3-year contract between the Machinists union and McDonnell Douglas Corp. containing terms similar to those the com pany unilaterally put into effect in March 1987 at three California plants. The St. Louis accord provides for an immediate 3-percent wage increase and a lump sum equal to 3 percent of earnings during the preceding 12 months. This is followed by a 2-percent lump sum in the second contract year, and a 4percent lump sum in the final year. Automatic quarterly cost-of-living adjustments now apply to all employees. Pre viously, adjustments had been denied to employees in lower pay grades to relieve a compression of pay rates between higher and lower grades. Pay averaged $12.95 an hour at the end of the prior contract, according to the union. Benefit changes include a $3 increase in the monthly pension for each year of service for future retirees, annual payments of $200, $225, and $250 in the respective contract years to current retirees and an increase in the lifetime major medical limit for employees and their dependents. McDonnell Douglas will continue to pay the full premium cost for health insurance. This is the major difference from the terms the company imposed at the California plants, where employees now pay $2 to $4 a week toward the premium cost. Elsewhere in the industry, Bell Helicopter, Inc., a sub sidiary of Textron, Inc., settled with the Auto Workers, ending a 3-week strike by 3,900 employees in Fort Worth, tx . The stoppage reportedly was triggered by a company demand that monetary gains be limited to lump-sum pay ments— countered by a union demand that the gains be only in the form of wage increases. The outcome was a compro mise: a 3-percent immediate wage increase, accompanied by a lump-sum payment equal to 3 percent of employee earnings in the preceding 12 months, followed by a 2percent wage increase and a 2-percent lump sum in the second year, and a 4-percent lump sum in the final year. The employees also received an immediate 14-cent-an-hour pay increase under the provision for automatic quarterly cost-of-living adjustments, which was continued. “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 Bell agreed to continue paying the full cost of the health insurance program, which was revised to give employees a choice of plans. (The company had been pressing em ployees to assume part of health insurance costs.) Changes also were adopted to hold down health insurance cost in creases. Other benefit terms include a $5 increase in the monthly pension for each year of credited service, a $1,000 increase in the $18,000 life insurance coverage, a $200 increase in the $800 annual limit on dental benefits, and a $20 increase in the $170 a week sickness and accident payments. Rockwell International Corp.’s Aerospace Group and the Auto Workers settled for 17,000 employees in Los Angeles and Santa Susana, ca , Columbus, oh, and Tulsa and McAlester, ok. A s in the other settlements in the aerospace industry, monetary gains were a combination of wage in creases and lump-sum payments. Effective immediately, the workers received a 3-percent wage increase that ranged from 30 to 55 cents an hour, plus a 15-cent immediate “travel” cost-of-living adjustment to counter the rise in the Consumer Price Index since the last adjustment under the previous agreement. The 3-percent increase and the 15-cent adjustment applied to all steps of the rate ranges for the highest 12 of the 18 pay grades, but only to the top steps of the six other grades. The first lump-sum payment, in December 1987, is equal to 2 percent of earnings during the preceding 12 months, excluding pay for holidays and other “nonwork” time. The second payment, calculated at 6 percent of earnings, will be in August 1988, and the third, calculated at 5 percent, will be in August 1989. Because of a higher rate of increase in health care costs in California than elsewhere, the parties agreed to some changes in the health insurance plan, including a new re quirement that employees not enrolled in a health mainte nance organization must pay a percentage of their covered expenses, up to a maximum of $2,500 for individuals and $5,000 for families. In another change applicable only to employees in California, the possible allowance resulting from continuation of the provision for automatic quarterly cost-of-living adjustments will be reduced if health care costs to the company exceed a target level, and increased if the costs are lower than the target. Possible cost-of-living allowances for the employees in Ohio and Oklahoma are not linked to health care costs. 71 MONTHLY LABOR REVIEW September 1987 • Developments in Industrial Relations Other changes included a $4 increase in the $19 a month pension for each year of service, applying to employees retiring on or after July 1, 1987, and flat $200, $225, and $250 payments in the respective contract years to employees who retired earlier; and a $3,500 increase in companyfinanced life insurance. Maritime settlements About 9,000 longshore workers in California, Oregon, and Washington were covered by a 3-year agreement be tween the Pacific Maritime Association and the Interna tional Longshoremen’s and Warehousemen’s Union. Wages were frozen during the first contract year, but employees who load and unload ships will benefit from a new method of calculating overtime pay. Under the old agreement, the workers were paid $17.27 for each of the first 6 hours of daily work, and time and one-half ($25.90) for each of the other 2 hours of their normal 8-hour shift, for an overall average of $19.43 an hour. Now, all hours will be paid at a flat $19.43 rate; hours worked in excess of 8 per day will be paid at time and one-half, or $29.15. The $19.43 hourly rate will rise to $19.83 in the second year and to $20.33 in the third year. Reflecting management’s concern about possible inroads by lower cost nonunion operators— such as those that have entered the Atlantic and Gulf Coast areas where the Interna tional Longshoremen’s Association had a lock on work— the parties agreed on terms intended to moderate labor costs. One such change reduces second and third shift pay to 1.3 and 1.6 times the daytime hourly rate (previously 1.5 and 1.8 times). In another change, casual employees and new regular employees with less than 1,000 hours worked in the industry start at $14 an hour, which will rise by $1 for each additional 1,000 hours worked. Also, employers were given more freedom in scheduling operations. Under the wage guarantee plan, employees with at least 5 years of service will be assured 38 hours of work per week (previously 36 hours). Other employees will continue to be assured 28 hours of work. The major benefit change was a $4 increase in the monthly pension rate over the contract term for future retirees and a $3 increase for current retirees. The previous rates were $29 and $30 a month for each year of credited service to 33 and 30 years, respectively. Elsewhere in the maritime industry, 11,000 sailors aboard deep sea vessels were covered by two settlements. The first accord, for 5,000 of the sailors, was between the Seafarers union and the American Maritime Association, which bar gains for seven shipping lines operating 100 to 120 ships. The 3-year accord provides for 2-percent wage increases in each year. The initial increase, effective July 1, 1987, brought hourly rates to $12.30 for sailors, $10.31 for cooks, and $17.99 for engineers. There also is a provision for cost-of-living pay increases if the Consumer Price Index rises more than 10 percent over the term. The companies Digitized for 72FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis also agreed to increase their financing of the health and welfare and pension plans to maintain current coverage. The other accord, also running for 3 years, was between the National Maritime Union and the joint Maritime Service/Tanker Service Committee, which is made up of compa nies with about 120 ships. This settlement also provided for 2-percent wage in creases in each year, except that the first increase was di verted to help support the union’s welfare plan. There also is a cost-of-living clause similar to that of the Seafarers • Other provisions included a new defined benefit pension plan for sailors on dry cargo vessels (such a plan already is in effect for tanker sailors), and an additional paid holiday. Air traffic controllers form new union The Nation’s air traffic controllers, engaged in continuing debate with the Federal Aviation Administration over work ing conditions and the safety and efficiency of the control system, apparently strengthened their position when they voted to form a new union. The tally was 7,494 votes for the new National Air Traffic Controllers Association and 3,225 for no union; there were 41 unresolved challenges. Election of officers is expected to be completed later in 1987. John F. Thornton, who led the organizing drive, stressed that the constitution of the new union prohibits strikes be cause “times change, and our experience has shown that strikes against the government are not successful.” He was referring to developments in August 1981, when the prede cessor union, the Professional Air Traffic Controllers Orga nization, went on strike in violation of Federal law, leading to the firing of 11,400 controllers who defied a retum-towork order. Later in 1981, Professional Air Traffic Con trollers was stripped of its right to represent the employees and in 1982, it went into bankruptcy. Federal Aviation Administration efforts to rebuild the system since then have been hampered by ever-increasing air traffic and the high attrition rate among trainees hired to replace the controllers who were fired. Prior to the firing, there were 16,200 controllers; currently, there are 13,665, plus a new corps of 1,467 assistants who perform some duties that controllers handled prior to the strike. The cur rent force of controllers is weakened to some extent because 30 percent are still in training and must be supervised by certified controllers. The new union is an affiliate of the Marine Engineers’ Beneficial Association, as was the Professional Air Traffic Controllers. Program guarantees 100-percent job security In agricultural equipment manufacturing, Case IH and the Auto Workers adopted a Competitive and Secure Employ ment Program guaranteeing that employment in the six cov ered plants will be maintained at the May 1, 1987, level. Auto Workers Vice President Bill Casstevens said this was the first time the union had achieved its three-decade goal of “ 100 percent job security.” The union had, in recent years, won 90-percent job guarantees at Deere & Co. and Caterpil lar, Inc., but these programs, unlike the Competitive and Secure Employment Program, do not protect employees against job losses resulting from “economic and market place forces.” Under the program, the initial guaranteed employment level is subject to increases and decreases during the 39month term of the parties’ new labor contract. Generally, the guarantee will be increased by one job whenever a re called or newly hired employee attains 1 year of seniority and works 26 of any 52 consecutive weeks. Reductions in the guaranteed employment level will usually be at the rate of one for each job lost through attrition, excluding dis charges. This is partly offset by a requirement that one person be recalled from layoff or a new person hired for every two jobs lost through attrition. Each year, Case is permitted to shut down all operations for a 4-week vacation period and for up to 6 weeks if required because of reduced sales. The guarantee does not cover 2,400 jobs at three plants in Illinois, Iowa, and Indiana that are scheduled to close. The initial 3,700 jobs guarantee applies to four plants in Wiscon sin, Minnesota, Iowa, and Illinois, and two parts depots. In return for the new program, the employees agreed to several contract provisions intended to moderate Case’s op erating costs: more flexible work rules, overtime provisions, job assignments, and job bidding and transfer rules. The accord does not provide for specified increases in earnings, which averaged $15 an hour, according to the union, but the workers did receive an immediate $250 “special” payment. Under the Guaranteed Sharing Benefits plan, the em ployees will receive guaranteed allocations in April of 1988, 1989, and 1990, calculated at 20, 25, and 30 cents for each hour worked during the preceding calendar year. The alloca tions, which were previously contingent on Case’s prof itability, will be subject to investment in stock of Tenneco, Inc. (Case’s parent firm) or in a tax-deferred savings plan, at the employees’ option. Thes guaranteed payments will also include a possible share of penalty payments if Case violates a new restriction on overtime work. Under the provision, the company will pay $5 into a fund for each overtime hour worked in excess of 5 percent of all straight-time hours worked during the particular year. Overtime work for plant additions and reno vations, installation of machines, and similar operations will not be subject to the penalty provision. Other terms included continuation of the provision for automatic quarterly cost-of-living adjustments, subject to a 55-cent-an-hour diversion over the term to help finance a training program and to help Case meet the overall settle ment cost; improvements in pensions for current and future https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis retirees; continuation of attendance bonuses (without the provision that had allowed eligible employees to take paid days off); and improvements in insurance benefits, in cluding new optional employee-paid life insurance for those wanting to supplement their basic company-financed coverage. Initial contract for catfish farm workers In an event the Food and Commercial Workersviewed as a major victory in its organizing campaign in the South, the union negotiated an initial contract with the Delta Catfish Processors, Inc., in Indianola, M S . The settlement came 8 months after the union gained the right to represent the 1,150 workers. (See Monthly Labor Review, December 1986, pp. 36-37.) The new 3-year contract provides for wage increases of 15 to 35 cents an hour in the first year and 10 to 20 cents in the second and third years. The total increases averaged 65 cents an hour, according to the union. Prior to the settle ment, wage rates ranged from $3.35 to $3.95 an hour. Other terms include adoption of a pension plan, financed by a 5-cent-an-hour employer payment beginning in the first year; an additional week of paid vacation after 5 years’ service; two additional annual paid holidays, bringing the total to 7; adoption of a grievance procedure; establishment of a formal wage structure; resolution of various unfair labor practices charges the company and union had filed against each other; and reinstatement offers to 17 employees the Food and Commercial Workers claimed had been illegally fired during the organizing drive. The company, owned by 160 catfish farmers, produces about half the Nation’s catfish. The union also represents workers at Pride of the Pond in Tunica, m s , who were organized shortly before the Delta Catfish election and for whom an initial contract was nego tiated earlier in 1987. Employees of steel supplier accept compensation cut The continuing over-capacity and profit problems in the basic steel industry were reflected in a settlement between Eveleth Taconite Co., a supplier to the industry, and the United Steelworkers. Eveleth mines and processes taconite, a type of rock containing iron ore and other minerals. The agreement followed a company threat to close the Eveleth, m n , operations. It provides for a $1.60 an hour cut in employee compensation— including a 99-cent-an-hour reduction in wages, bringing average pay to $12, and revi sions in pay and insurance. In return for accepting the cuts, the 625 employees won a profit-sharing plan linked to usx’s profits or, if usx does not earn a profit, to the stock price of Bethlehem Steel and ltv Steel. A gain-sharing program also was established under which the company and the workers will equally share any savings resulting from cuts in controllable costs. 73 MONTHLY LABOR REVIEW September 1987 • D e v e l o p m e n t s in I n d u s tr ia l R e l a t i o n s Eveleth Taconite is operated by Ogleby Norton Co. of Cleveland. Weyerhaeuser accord The lead-off agreement in the round of bargaining in the West Coast pulp and paper industry froze wages for 2,000 Weyerhaeuser Co. employees in Oregon and Washington, but provided for an immediate $650 lump-sum payment and for possible annual incentive payments. The payments, ranging up to 4 percent of the employee’s earnings during the preceding 12 months, will be calculated separately for each of the five mills and will be based on quality, output, safety, and production costs. The 2-year contract, negotiated by the Association of Western Pulp and Paper Workers, also provided for im provements in pension and health and welfare benefits. The incentive pay approach comes 1 year after Weyer haeuser and the Woodworkers and Lumber Production and Industrial Workers unions negotiated a profit-sharing plan for 7,200 lumber and plywood workers in 2-year contracts that cut pay and benefits an average of $3.90 an hour. According to a Woodworkers’ official, most employees have benefited from the plan but the payout has varied among mills. Elsewhere in the forest products industry, work stoppages involving more than 3,000 workers began at International Paper Co. mills in Jay, m e , Mobile, a l , DePere, wi, and Lock Haven, p a , as the United Paperworkers union resisted demands for compensation cuts the company claimed were necessary to aid in countering increasing international com petition. Previously, International Paper had negotiated with the union on a plant by plant basis, but the union said it will now coordinate bargaining at all locations on key issues and combine the results of contract ratification votes into a single total. Employers in Maine must pay severance benefits In a 5 to 4 decision, the U.S. Supreme Court upheld a Maine law requiring employers to pay severance benefits. Under the law, owners closing plants employing at least 100 workers or relocating such operations more than 100 miles away must provide 1 week’s pay for each year of service to employees who had worked at the affected plant for at least 3 years. The law does not apply to employees who accept jobs at the new location or to employees covered by a labor contract that deals with severance pay. The case, F o r t H a li f a x P a c k i n g C o . v. C o y n e , arose in 1981 when the company closed a poultry processing plant and did not distribute severance pay to affected employees. In its appeal to the Supreme Court, Fort Halifax Packing, joined by the U.S. Department of Justice and the U.S. 74 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Chamber of Commerce, argued that the Maine law was preempted by a Federal law, the Employee Retirement In come Security Act of 1974 ( e r is a ) which broadly regulates severance and other employee benefit plans. The company also contended that the Maine law was preempted by the National Labor Relations Act, which regulates collective bargaining. Writing for the majority, Justice William J. Brennan, Jr. said that the Maine law did not fall under the preemption clause of e r is a because the severance payments are made on a one-time basis, rather than being part of a plan providing for “ongoing benefits on a continuous basis.” Justice Bren nan also found no conflict with the National Labor Relations Act, rejecting company arguments that the State require ment interfered with collective bargaining by undercutting an employer’s ability to withstand a union’s demand for severance pay. Writing for the minority, Justice Byron R. White said that the Court’s decision had created a “loophole that will under mine Congress’ decision to make employee benefit plans a matter of exclusive Federal regulation.” Court upholds decision on incumbent unions The U.S. Supreme Court approved the National Labor Relations Board’s broad interpretation of a 1972 decision by the Court making it difficult for companies that acquire the assets of another company to avoid dealing with incumbent unions. The case, F a l l R i v e r D y e i n g v. n l r b , began in 1982 when Sterlingwale Corp., an unprofitable Massachusetts textile firm closed. Seven months later, a former vice president and a former customer of the firm acquired the plant and equip ment and formed the Fall River Dyeing and Finishing Corp. The new company refused to bargain with United Textile Workers Local 292, which had represented employees at Sterlingwale. The union then complained to the National Labor Relations Board, which ruled that the union had re tained the right to represent workers at the new company. Responding to Fall River’s appeal, Justice Harry A. Blackmun, writing for the majority, said that the company was a “substantial continuity” in operations, and was obliged to bargain with the union when it started operations because a majority of its employees were formerly with Sterlingwale. In dissent, Justice Lewis F. Powell, Jr., joined by Chief Justice William H. Rehnquist and Justice Sandra Day O’Connor, said that the new company was “a completely separate entity” from Sterlingwale, and that requiring Fall River to recognize the union at the beginning of operations deprived employees of the right to select their union. Book Reviews The benevolence of the bottom line The Responsive Workplace: Employers and a Changing Labor Force. By Sheila B. Kamerman and Alfred J. Kahn. New York, Columbia University Press, 1987. 329 pp. $30. Over the past three decades, the composition of the labor force has changed dramatically. The most significant aspect of this has been the shift from a virtually all-male labor force to one that is composed almost equally of men and women. This change has had an enormous effect on marriage and parenting, and has placed new strains on the family. There is no doubt that families— especially those with children— are in need of help in coping with the kinds of problems engendered by this change. What is in question, though, is the sort of aid families need, and which institutions should provide it. At the forefront of the relationship between families and work are employers. They provide the benefits (exclusive of wages) that employees need for the security and well being of their families. This book is a study of these benefits; what they are, how they are provided, and, most important, a description of the factors that underlie the type and amount of these benefits. Using information gathered from an extensive set of inter views with employers and employees at all levels, Kamer man and Kahn have produced a comprehensive overview of the system of employer-provided benefits. The key point made in this analysis is that benefits and the way they are administered stem not so much from altruistic motivations on the part of employers, but rather from their “bottom line.” Thus, benefits are sensitive to a great many pressures. For instance, the authors cite the case of a supermarket chain which exchanges fringe benefits for union acceptance of a large part-time work force. Profit margins in this industry are notoriously small so that the maintenance of a large number of part-time employees who can respond to times of peak demand avoids the high costs of overtime pay that would accompany a full-time work force. Also mentioned was a high tech firm that uses benefits to recruit and retain a highly skilled work force at less cost than if the company were offering higher wages. The fact that employees are willing to accept fringe benefits over wages is not surpris https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ing; benefits are a form of wealth. In other words, benefits substitute for the savings that employees would need to make to provide for such things as future medical or retire ment expenses. However, because bottom-line constraints are a major factor in the provision of benefits, large-scale inequities result. Many workers lack such basic benefits as medical insurance, retirement, life insurance, and paid leave. Thus, the amount and kind of benefits available to a worker and his or her family depend on the employer the employee has the good (or bad) luck to work for. Few would disagree that this is an inherently unsatisfac tory situation. However, because benefits stem from indi vidual employers, each of whom is sensitive to a variety of differing factors, it is unrealistic to expect that employers alone would voluntarily reject their own self-interest and move towards a more equitable system. However, the authors suggest that the current system (or non-system) contains the seeds of its own reformation. Namely, many of the benefits received by today’s workers are supported by tax incentives or legislative mandates. Consequently, tax law and other legislation can be used as a foundation for the creation of a more equitable, universal system of benefits that could be geared towards meeting the problems of today’s families. This is an extremely valuable book that has been pub lished at a time when the perception of conflict between family life and work is growing and the need for an author itative overview of benefits and the factors affecting them is becoming urgent. Kamerman and Kahn have produced a volume that not only fills this need, but is accessible to both the expert and the knowledgeable lay person alike. It is difficult to envision a better treatment of such a complex, sensitive subject. Although it is obvious where the authors’ sympathies lie, the book is free from the ideology and polemicism too often associated with literature regarding social policy. In short, it is an important resource for any one— student, business administrator, or policymaker— who needs a clear guide to the present system of employerprovided benefits. — H ow ard H ayghe O f fic e o f C urrent E m p lo y m e n t A n a ly s is B u re a u o f L a b o r S ta tistic s 75 MONTHLY LABOR REVIEW September 1987 • Book Reviews “ T e s tin g fo r D r u g U s e in th e A m e r ic a n W o r k p la c e : A S y m p o Publications received s iu m ,” N o v a L a w R e view , W in te r 1 9 8 7 , p p . 2 9 1 - 8 2 3 . Economic and social statistics U .S . C h a m b e r o f C o m m e r c e , A n a ly sis o f W orkers C o m p en sa tio n B litz e r , C h a r le s R , P artha D a s g u p ta , J o se p h E . S tig lit z , P r o je c t A p p r a is a l a n d F o reig n E x ch an ge C o n stra in ts: A S im p le E x p o si tion . C a m b r id g e , M A , N a tio n a l B u re a u o f E c o n o m ic R e s e a r c h , I n c ., 1 9 8 7 , 18 p p . (W o r k in g P a p e r S e r ie s , 2 1 6 5 .) $ 2 , p ap er. H o lz e r , H arry J ., H irin g P ro c e d u re s in the F irm : T h eir E co n o m ic D e term in a n ts a n d O u tco m es. C a m b r id g e , o f E c o n o m ic R e s e a r c h , I n c ., S e r ie s , 2 1 8 5 .) $ 2 , p a p er. M A , N a tio n a l B u re a u 1 9 8 7 , 3 9 p p . (W o r k in g P ap er P fe ffe r , J e ffr e y an d C h a r le s A . O ’R e illy III, “ H o sp ita l D e m o g r a p h y and T u r n o v e r A m o n g N u r s e s ,” In d u stria l R e la tio n s, S p r in g 1987, pp. 1 5 8 -7 3 . W e is s , A n d r e w , In ce n tive s a n d W o rker B e h a v io r: S om e E v id e n c e. L a w s, 19 8 7 . W a s h in g to n , U . S . C h a m b e r o f C o m m e r c e , 1 9 8 7 , 4 8 p p . $ 1 2 , p ap er. Industry and government organization C o m p u te r an d B u s in e s s E q u ip m e n t M a n u fa c tu r e r s A s s o c ia t io n , The C o m p u ter, B u sin ess E q u ipm en t, S o ftw a re , a n d T eleco m m u n ic a tio n s In d u stry, 1 9 6 0 - 1 9 9 5 . W a s h in g to n , 1 9 8 6 , 2 0 9 p p ., $ 9 9 .5 0 , p a p er. A v a ila b le fr o m G lo b a l E n g in e e r in g D o c u m e n ts , I n c ., S a n ta A n a , C A . Ita m i, H ir o y u k i, w ith T h o m a s W . R o e h l, M o b ilizin g In visib le A ssets. C a m b r id g e , M A , H arvard U n iv e r s ity P r e s s , 1 9 8 7 , 186 pp. $ 20. C a m b r id g e , M A , N a tio n a l B u re a u o f E c o n o m ic R e s e a r c h , I n c ., International economics 1 9 8 7 , 21 p p . (W o r k in g P a p e r S e r ie s , 2 1 9 4 .) $ 2 , p a p er. Economic growth and development “R e c e n t T r e n d s in In tern a tio n a l D ir e c t I n v e s tm e n t,” The OECD O b s e r v e r, J u n e -J u ly 1 9 8 7 , p p . 3 2 - 3 4 . G r e e n w a ld , B . an d J. E . S t ig lit z , “ K e y n e s ia n , N e w K e y n e s ia n and S h e e n , J e ffr e y , “ In fla tio n D e b t an d F is c a l P o lic y A t tit u d e s ,” O x N e w C la s s ic a l E c o n o m ic s ,” O x fo rd E c o n o m ic P a p e r s, M arch 1987, pp. 1 1 9 -3 3 . M a d d is o n , A n g u s , “G r o w th and S lo w d o w n in A d v a n c e d C a p ita lis t E c o n o m ie s : T e c h n iq u e s o f Q u a n tita tiv e A s s e s s m e n t ,” J o u rn a l o f E c o n o m ic L ite ra tu re , Ju n e 1 9 8 7 , p p . 6 4 9 - 9 8 . f o r d E co n o m ic P a p e r s, M arch 1 9 8 7 , p p . 9 0 - 1 1 0 . Labor force B r o w n , C la ir an d J o se p h A . P e c h m a n , e d s ., G e n d e r in the W o rk p la c e . W a s h in g to n , T h e B r o o k in g s I n s titu tio n , 1 9 8 7 , 3 1 6 p p . $ 3 2 . 9 5 , c lo th ; $ 1 2 . 9 5 , p ap er. Education In d u stria l R e la tio n s R e s e a r c h A s s o c ia t io n , W orkin g W om en: P a st, “ M ig r a n ts ’ C h ild r e n at S c h o o l ,” The OECD O b s e r v e r, J u n e -J u ly 1 9 8 7 , b e g in n in g o n p . 16 . “T h e C h a n g in g S h a p e o f P o st-G r a d u a te E d u c a tio n ,” The OECD O b s e r v e r, J u n e -J u ly 1 9 8 7 , b e g in n in g o n p . 13 . “T h e C o s t o f E d u c a tio n : D o in g B e tte r W ith L e s s ,” The o e c d O b s e r v e r, J a n u ary 1 9 8 7 , p p . 2 5 - 2 7 . P re se n t, F u tu re. E d ite d b y K aren S h a llc r o s s K o z ia r a , M ic h a e l H . M o s k o w , L u c r e tia D e w e y T a n n er. W a s h in g to n , T h e B u re a u o f N a tio n a l A f fa ir s , I n c ., 1 9 8 7 , 4 1 9 p p . J o h n sto n , W illia m B . an d A r n o ld E . P a c k e r , W orkforce 2 0 0 0 : W ork a n d W o rk ers f o r the 2 1 s t C en tu ry. In d ia n a p o lis , IN , H u d so n In stitu te , I n c ., H erm a n K ah n C e n te r , 1 9 8 7 , 1 1 7 p p. K a m e r m a n , S h e ila B . an d A lfr e d J. K a h n , The R e sp o n siv e W o rk Industrial relations p la c e : E m p lo y e rs a n d a C h an gin g L a b o r F o rc e . N e w Y o r k , C a p p e lli, P e te r , “ B a r g a in in g S tru ctu re an d W a g e O u tc o m e s in th e B r itish C o a l In d u s tr y ,” In d u stria l R e la tio n s, S p r in g 1 9 8 7 , p p . 1 2 7 -4 5 . D iP r e te , T h o m a s A . , “T h e P r o fe s s io n a liz a tio n o f A d m in is tr a tio n an d E q u a l E m p lo y m e n t O p p o r tu n ity in the U .S . F ed e r a l G o v e r n m e n t,” A m eric a n J o u rn a l o f S o c io lo g y , J u ly 1 9 8 7 , p p . 1 1 9 — 40. C o lu m b ia U n iv e r s ity P r e s s , 1 9 8 7 , 3 2 9 p p . $ 3 0 . K le in , R o g e r , R ic h a r d S p a d y , A n d r e w W e is s , F a c to r s A ffectin g th e O u tp u t a n d Q u it P ro p e n sitie s o f P ro d u c tio n W orkers. C a m b r id g e , m a , N a tio n a l B u re a u o f E c o n o m ic R e s e a r c h , I n c ., 1 9 8 7 , 4 5 p p . (W o r k in g P a p e r S e r ie s , 2 1 8 4 .) $ 2 , p ap er. S e e b o r g , M ic h a e l an d L arry D e B o e r , “T h e N a r r o w in g M a le - F io r ito , J a c k , C h r isto p h e r L o w m a n , F o rrest D . N e ls o n , “ T h e Im F e m a le E m p lo y m e n t D if fe r e n tia l,” G ro w th a n d C h a n g e, S p r in g 1 9 8 7 , pp. 2 4 - 3 7 . p act o f H u m a n R e s o u r c e P o lic ie s o n U n io n O r g a n iz in g ,“ In d u s W illia m s , D o n a ld R . , L a b o r F o rc e P a rtic ip a tio n o f B la ck a n d tria l R e la tio n s, S p r in g 1 9 8 7 , p p . 1 1 3 - 2 6 . W h ite Youth. A n n A r b o r , H a g g a r d , T h o m a s R . an d M ark S . P u llia m , C o n flicts B etw een L a b o r L e g isla tio n a n d B a n k ru p tcy L a w . P h ila d e lp h ia , U n iv e r sity o f P e n n s y lv a n ia , T h e W h a rto n S c h o o l, In d u stria l R e s e a r c h U n it, 1 9 8 7 , 2 7 8 p p. um i R e s e a r c h P r e s s , 1 9 8 7 , 12 5 p p ., b ib lio g r a p h y . (R e se a r c h in B u s in e s s E c o n o m ic s an d P u b lic P o l ic y , N o . 1 1 .) Monetary and fiscal policy K e lly , M a tth e w A . , L a b o r a n d In d u stria l R e la tio n s: T erm s, L a w s, B u ite r , W ille m H ., “ A F is c a l T h e o r y o f H y p e r d e fla tio n s ? S o m e C o u rt D e c is io n s, a n d A rb itra tio n S ta n d a rd s. B a ltim o r e , T h e S u r p r isin g M o n e ta r ist A r it h m e t ic ,” O x fo rd E co n o m ic P a p e r s, M a rch 1 9 8 7 , p p . 1 1 1 - 1 8 . J o h n s H o p k in s U n iv e r s ity P r e s s , 1 9 8 7 , 2 0 0 p p . L au rd a n A s s o c ia t e s , A R e p o rt on a S u rvey o f E m p lo y m en t-R e la te d L ia b ilitie s . P o to m a c , 51 p p. 76 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis m d , L au rd a n A s s o c ia t e s , I n c ., 1987, M c G ib a n y , J a m es M. an d F arrok h N ourzad, “ In terest R ate V o la tility an d th e D e m a n d fo r M o n e y ,” The Q u a rterly R e v ie w o f E c o n o m ic s a n d B u sin ess, A u tu m n 1 9 8 6 , p p . 7 3 - 8 3 . □ Current Labor Statistics S c h e d u le o f r e le a s e d a te s fo r m a jo r ...................................................................................................... 78 ................................................................................................................................................................. 79 1. Labor market indicators............................................................. ..................................................................................................................................... 2. Annual and quarterly percent changes in compensation, prices, andproductivity .............................................................. 3. Alternative measures of wage and compensation changes ................................................................................................................................... 88 89 89 N o te s o n C u r r e n t L a b o r S ta tis tic s bls s ta tis tic a l s e r ie s C o m p a r a tiv e in d ic a to r s L a b o r fo r c e d a ta 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. Employment status of the total population, data seasonally ad ju sted ................................................................................................................ Employment status of the civilian population, data seasonally adjusted ........................................................................................................... Selected employment indicators, data seasonally adjusted ................................................................................................................................... Selected unemployment indicators, data seasonally adjusted .............................................................................................................................. Unemployment rates by sex and age, data seasonally adjusted ...................................................................................................................... Unemployed persons by reason for unemployment, data seasonally a d ju sted .................................................................................................. Duration of unemployment, data seasonally adjusted ............................................................................................................................................ Unemployment rates of civilian workers, by State ................................................................................................................................................. Employment of workers by State ................................................ Employment of workers by industry, data seasonally adjusted .............................. Average weekly hours by industry, data seasonally adjusted ............................................................................................................................... Average hourly earnings by industry .......................................................................................................................................................................... Average weekly earnings by industry...................................................... ................................................................................................................... Hourly Earnings Index by industry.............................................................................................................................................................................. Indexes of diffusion: proportion of industries in which employment increased, seasonally adjusted ...................................................... Annual data: Employment status of the noninstitutional population ................................................................................................................ Annual data: Employment levels by industry ......................................................................................................................................................... Annual data: Average hours and earnings levels by industry.............................................................................................................................. 90 91 92 93 94 94 94 95 95 96 97 98 99 99 100 100 100 101 L a b o r c o m p e n s a tio n a n d c o lle c tiv e b a r g a in in g d a ta 22. 23. 24. 25. 26. 27. 28. 29. Employment Cost Index, compensation, by occupation and industry group ................................................................................................... Employment Cost Index, wages and salaries, by occupation and industry g r o u p .......................................................................................... Employment Cost Index, private nonfarm workers, by bargaining status, region, and area s i z e ............................................................... Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, situations covering 1,000 workers or more .............................................................................................................................................................. Average specified compensation and wage adjustments, bargaining situations covering 1,000 workers or m o r e ................................... Average effective wage adjustments, bargaining situations covering 1,000 workers or more ................................................................... Specified compensation and wage adjustments, State and local government bargaining situations covering 1,000 workers or more .............................................................................................................................................................. Work stoppages involving 1,000 workers or more ................................................................................................................................................. 102 103 104 105 105 106 106 106 P r ic e d a ta 30. 31. 32. 33. 34. 35. 36. 37. 38'. 39. 40. 41. Consumer Price Index: U.S. city average, by expenditurecategory and commodity and service g ro u p s................................................. Consumer Price Index: U.S. city average and local data, all ite m s................................................................................................................. Annual data: Consumer Price Index, all items and major groups ..................................................................................................................... Producer Price Indexes by stage of processing ........................................................................................................................................................ Producer Price Indexes, by durability of product ................................................................................................................................................... Annual data: Producer Price Indexes by stage o f p ro cessin g ............................................................................................................................... U.S. export price indexes by Standard International Trade C lassification ......................................................................................................... U.S. import price indexes by Standard International Trade C lassification......................................................................................................... U.S. export price indexes by end-use category ........................................................................................................................................................ U.S. import price indexes by end-use ca teg o ry ........................................................................................................................................................ U.S. export price indexes by Standard Industrial C lassification........................................................................................................................... U.S. import price indexes by Standard Industrial Classification ......................................................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 107 110 I ll 112 113 113 114 115 116 116 116 117 77 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics C ontents— Continued Productivity data 42. Indexes o f productivity, hourly compensation, and unit costs, data seasonally adjusted ............................................................................. 43. Annual indexes of multifactor productivity .............................................................................................................................................................. 44. Annual indexes of productivity, hourly compensation, unit costs, and p r ic e s ............................................................................... .................. 117 118 119 International comparisons 45. Unemployment rates in nine countries, data seasonally adjusted ................................................................................................. ...................... 46. Annual data: Employment status of civilian working-age population, ten countries .................................................................................... 47. Annual indexes of productivity and related measures, twelve countries .......................................................................................................... 119 120 121 Injury and illness data 48. Annual data: Occupational injury and illness incidence r a tes............................................................................................................................... Schedule of release dates for bls statistical series Release date Period covered Release date Employment situation ........................... September 4 August Producer Price Index............................. September 11 August Series 122 Period covered Release date Period covered MLR table number October 2 September November 6 October 1; 4-21 October 16 September November 13 October 2; 33-35 Consumer Price Index........................... September 23 August October 23 September November 20 October 2; 30-32 Real earnings ....................................... September 23 August October 23 September November 20 October 14-17 Major collective bargaining 3; 25-28 October 27 3rd quarter 1-3;22-24 October 29 3rd quarter 36-41 U.S. Import and Export Productivity and costs: Nonfarm business and manufacturing .. 3rd quarter 2; 42-44 1986 48 Occupational illnesses and November 10 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTES ON CURRENT LABOR STATISTICS This section o f the Review presents the principal statistical series collected and calculated by the Bureau of Labor Statistics: series on labor force, employment, unemployment, collective bargaining settlements, consumer, producer, and international prices, productivity, international comparisons, and injury and illness statistics. In the notes that follow, the data in each group o f tables are briefly described, key definitions are given, notes on the data are set forth, and sources of additional information are cited. Adjustments for price changes. Some data— such as the Hourly Earnings Index in table 17— are adjusted to eliminate the effect o f 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 o f $3 and a current price index number of 150, where 1977 = 1 0 0 , the hourly rate expressed in 1977 dollars is $2 ($3/150 x 100 = $2). The $2 (or any other resulting values) are described as “real,” “constant,” or “ 1977” dollars. G eneral notes A dditional inform ation The following notes apply to several tables in this section: Seasonal adjustment. Certain monthly and quarterly data are adjusted to eliminate the effect on the data of such factors as climatic conditions, industry production schedules, opening and closing of schools, holiday buying periods, and vacation practices, which might prevent short-term evaluation o f the statistical series. Tables containing data that have been adjusted are identified as “seasonally adjusted.” (All other data are not seasonally adjusted.) Seasonal effects are estimated on the basis of past experience. When new seasonal factors are computed each year, revisions may affect seasonally adjusted data for several preceding years. (Season ally adjusted data appear in tables 1 -3 , 4 -1 0 , 13, 14, 17, and 18.) Begin ning in January 1980, the bls introduced two major modifications in the seasonal adjustment methodology for labor force data. First, the data are seasonally adjusted with a procedure called x - n arim a , which was devel oped at Statistics Canada as an extension of the standard x - n method previously used by bl s . A detailed description of the procedure appears in The x -il arima Seasonal Adjustment Method by Estela Bee Dagum (Statis tics Canada, Catalogue No. 12-564E , February 1980). The second change is that seasonal factors are calculated for use during the first 6 months of the year, rather than for the entire year, and then are calculated at midyear for the July-December period. However, revisions of historical data con tinue to be made only at the end of each calendar year. Seasonally adjusted labor force data in tables 1 and 4 -1 0 were revised in the February 1987 issue of the Review, to reflect experience through 1986. Annual revisions o f the seasonally adjusted payroll data shown in tables 13, 14, and 18 were made in the July 1986 Review using the X -il arima seasonal adjustment methodology. New seasonal factors for productivity data in table 42 are usually introduced in the September issue. Seasonally adjusted indexes and percent changes from month to month and from quarter to quarter are published for numerous Consumer and Producer Price Index series. However, seasonally adjusted indexes are not published for the U .S. average All Items cpi. Only seasonally adjusted percent changes are available for this series. Data that supplement the tables in this section are published by the Bureau in a variety of sources. News releases provide the latest statistical information published by the Bureau; the major recurring releases are published according to the schedule preceding these general notes. More information about labor force, employment, and unemployment data and the household and establishment surveys underlying the data are available in Employment and Earnings, a monthly publication of the Bureau. More data from the household survey are published in the two-volume, data book— Labor Force Statistics Derived From the Current Population Sur vey, Bulletin 2096. More data from the establishment survey appear in two data books— Employment, Hours, and Earnings, United States, and Em ployment, Hours, and Earnings, States and Areas, and the annual supple ments to these data books. More detailed information on employee com pensation and collective bargaining settlements is published in the monthly periodical, Current Wage Developments. More detailed data on consumer and producer prices are published in the monthly periodicals, The c p i Detailed Report, and Producer Prices and Price Indexes. Detailed data on all of the series in this section are provided in the Handbook of Labor Statistics, which is published biennally by the Bureau, bls bulletins are issued covering productivity, injury and illness, and other data in this section. Finally, the Monthly Labor Review carries analytical articles on annual and longer term developments in labor force, employment, and unemployment; employee compensation and collective bargaining; prices; productivity; international comparisons; and injury and illness data. Sym bols p = preliminary. To increase the timeliness of some series, prelim inary figures are issued based on representative but incom plete returns. r = revised. Generally, this revision reflects the availability o f later data but may also reflect other adjustments, n.e.c. = not elsewhere classified, n.e.s. = not elsewhere specified. COMPARATIVE INDICATORS (T ables 1 -3 ) Comparative indicators tables provide an overview and comparison of major bls statistical series. Consequently, although many of the included series are available monthly, all measures in these comparative tables are presented quarterly and annually. Labor market indicators include employment measures from two ma jor surveys and information on rates of change in compensation provided by the Employment Cost Index ( eci) program. The labor force participation rate, the employment-to-population ratio, and unemployment rates for major demographic groups based on the Current Population (“household ”) Survey are presented, while measures of employment and average weekly hours by major industry sector are given using nonagricultural payroll data. The Employment Cost Index (compensation), by major sector and by https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis bargaining status, is chosen from a variety o f bls com pensation and w age measures because it provides a com prehensive measure o f em ployer costs for hiring labor, not just outlays for w ages, and it is not affected by em ploym ent shifts am ong occupations and industries. Data on changes in compensation, prices, and productivity are pre sented in table 2. Measures of rates of change of compensation and wages from the Employment Cost Index program are provided for all civilian nonfarm workers (excluding Federal and household workers) and for all private nonfarm workers. Measures of changes in: consumer prices for all urban consumers; producer prices by stage of processing; and the overall export and import price indexes are given. Measures of productivity (output per hour of all persons) are provided for major sectors. 79 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics Alternative measures of wage and compensation rates of change, which reflect the overall trend in labor costs, are summarized in table 3. Differences in concepts and scope, related to the specific purposes of the series, contribute to the variation in changes among the individual mea sures. N otes on the data Definitions o f each series and notes on the data are contained in later sections of these notes describing each set of data. For detailed descriptions of each data series, see b l s Handbook of Methods, Volumes I and II, Bulletins 2134-1 and 2 1 34-2 (Bureau of Labor Statistics, 1982 and 1984, respectively), as well as the additional bulletins, articles, and other publi cations noted in the separate sections of the Review's “Current Labor Statistics Notes.” Historical data for many series are provided in the Hand book of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). Users may also wish to consult Major Programs, Bureau of Labor Statis tics, Report 718 (Bureau of Labor Statistics, 1985). EMPLOYMENT AND UNEMPLOYMENT DATA (T ables 1; 4 -2 1 ) Household survey data the various data series appear in the Explanatory Notes of Employment and Earnings. D escription o f the series in this section are obtained from the Current Population Survey, a program o f personal interviews conducted monthly by the Bureau o f the Census for the Bureau of Labor Statistics. The sample consists of about 59,500 households selected to represent the U .S. population 16 years o f age and older. Households are interviewed on a rotating basis, so that three-fourths o f the sample is the same for any 2 consecutive months. Data in tables 4 -1 0 are seasonally adjusted, based on the seasonal experience through December 1986. employment data D efinitions Employed persons include (1) all civilians who worked for pay any time during the week which includes the 12th day of the month or who worked unpaid for 15 hours or more in a family-operated enterprise and (2) those who were temporarily absent from their regular jobs because of illness, vacation, industrial dispute, or similar reasons. Members o f the Armed Forces stationed in the United States are also included in the employed total. A person working at more than one job is counted only in the job at which he or she worked the greatest number of hours. Unemployed persons are those who did not work during the survey week, but were available for work except for temporary illness and had looked for jobs within the preceding 4 weeks. Persons who did not look for work because they were on layoff or waiting to start new jobs within the next 30 days are also counted among the unemployed. The overall unem ployment rate represents the number unemployed as a percent of the labor force, including the resident Armed Forces. The civilian unemployment rate represents the number unemployed as a percent of the civilian labor force. The labor force consists of all employed or unemployed civilians plus members o f the Armed Forces stationed in the United States. Persons not in the labor force are those not classified as employed or unemployed; this group includes persons who are retired, those engaged in their own house work, those not working while attending school, those unable to work because of long-term illness, those discouraged from seeking work because o f personal or job-market factors, and those who are voluntarily idle. The noninstitutional population comprises all persons 16 years of age and older who are not inmates of penal or mental institutions, sanitariums, or homes for the aged, infirm, or needy, and members of the Armed Forces stationed in the United States. The labor force participation rate is the proportion o f the noninstitutional population that is in the labor force. The employment-population ratio is total employment (including the resident Armed Forces) as a percent of the noninstitutional population. N otes on the data From time to time, and especially after a decennial census, adjustments are made in the Current Population Survey figures to correct for estimating errors during the preceding years. These adjustments affect the comparabil ity o f historical data. A description of these adjustments and their effect on https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A dditional sources o f inform ation For detailed explanations of the data, see b l s Handbook of Methods , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 1, and for additional data, Handbook of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). A detailed description of the Current Population Survey as well as additional data are available in the monthly Bureau of Labor Statistics periodical, Employment and Earnings. Historical data from 1948 to 1981 are available in Labor Force Statistics Derived from the Current Population Survey: A Databook, Vols. I and II, Bulletin 2096 (Bureau of Labor Statistics, 1982). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “Comparing employment estimates from household and payroll surveys,” Monthly Labor Review, December 1969, pp. 9 -2 0 . E stab lish m en t survey data D escription o f the series E mployment , hours , and earnings data in this section are compiled from payroll records reported monthly on a voluntary basis to the Bureau of Labor Statistics and its cooperating State agencies by more than 290,000 establishments representing all industries except agriculture. In most indus tries, the sampling probabilities are based on the size of the establishment; most large establishments are therefore in the sample. (An establishment is not necessarily a firm; it may be a branch plant, for example, or ware house.) Self-employed persons and others not on a regular civilian payroll are outside the scope of the survey because they are excluded from estab lishment records. This largely accounts for the difference in employment figures between the household and establishment surveys. D efinitions An establishment is an economic unit which produces goods or services (such as a factory or store) at a single location and is engaged in one type of economic activity. Employed persons are all persons who received pay (including holiday and sick pay) for any part of the payroll period including the 12th o f the month. Persons holding more than one job (about 5 percent of all persons in the labor force) are counted in each establishment which reports them. Production workers in manufacturing include working supervisors and all nonsupervisory workers closely associated with production operations. Those workers mentioned in tables 12-17 include production workers in manufacturing and mining; construction workers in construction; and non supervisory workers in the following industries: transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; and services. These groups account for about four-fifths of the total employ ment on private nonagricutural payrolls. Earnings are the payments production or nonsupervisory workers re ceive during the survey period, including premium pay for overtime or late-shift work but excluding irregular bonuses and other special payments. Real earnings are earnings adjusted to reflect the effects of changes in consumer prices. The deflator for this series is derived from the Consumer Price Index for Urban Wage Earners and Clerical Workers (cpi- w ). The Hourly Earnings Index is calculated from average hourly earnings data adjusted to exclude the effects of two types of changes that are unrelated to underlying wage-rate developments: fluctuations in overtime premiums in manufacturing (the only sector for which overtime data are available) and the effects o f changes and seasonal factors in the proportion of workers in high-wage and low-wage industries. Hours represent the average weekly hours of production or nonsupervi sory workers for which pay was received and are different from standard or scheduled hours. Overtime hours represent the portion of average weekly hours which was in excess of regular hours and for which overtime premiums were paid. The Diffusion Index, introduced in the May 1983 Review , represents the percent o f 185 nonagricultural industries in which employment was rising over the indicated period. One-half of the industries with unchanged employment are counted as rising. In line with Bureau practice, data for the 1-, 3-, and 6-month spans are seasonally adjusted, while those for the 12-month span are unadjusted. The diffusion index is useful for measur ing the dispersion of economic gains or losses and is also an economic indicator. N otes on the data Establishment data collected by the Bureau of Labor Statistics are peri od ically adjusted to com prehensive counts o f em ploym ent (called “benchmarks”). The latest complete adjustment was made with the release o f May 1987 data, published in the July 1987 issue of the Review. Conse quently, data published in the Review prior to that issue are not necessarily comparable to current data. Unadjusted data have been revised back to April 1985; seasonally adjusted data have been revised back to January 1982. T h e s e r e v is i o n s w e r e published in the S u p p l e m e n t t o E m p l o y m e n t and Earnings (Bureau of Labor Statistics, 1987). Unadjusted data from April 1986 forward, and seasonally adjusted data from January 1983 for ward are subject to revision in future benchmarks. In the establishment survey, estimates for the 2 most recent months are based on incomplete returns and are published as preliminary in the tables (13 to 18 in the Review). When all returns have been received, the esti mates are revised and published as final in the third month of their appear ance. Thus, August data are published as preliminary in October and November and as final in December. For the same reason, quarterly estab lishment data (table 1) are preliminary for the first 2 months of publication and final in the third month. Thus, second-quarter data are published as preliminary in August and September and as final in October. A dditional sources o f inform ation Detailed national data from the establishment survey are published monthly in the bls periodical, Employment and Earnings. Earlier compara ble unadjusted and seasonally adjusted data are published in Employment, Hours, and Earnings, United States, 1909-84, Bulletin 1312-12 (Bureau of Labor Statistics, 1985) and its annual supplement. For a detailed discus sion of the methodology of the survey, see b l s Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 2. For addi tional data, see Handbook of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). A comprehensive discussion of the differences between household and establishment data on employment appears in Gloria P. Green, “Comparing employment estimates from household and payroll surveys,” Monthly Labor Review, December 1969, pp. 9 -2 0 . Unemployment data by State D escription o f the series Data presented in this section are obtained from two major sources— the Current Population Survey (cps ) and the Local Area Unemployment Statis tics ( laus ) program, which is conducted in cooperation with State employ ment security agencies. Monthly estimates of the labor force, employment, and unemployment for States and sub-State areas are a key indicator of local economic condi tions and form the basis for determining the eligibility o f an area for benefits under Federal economic assistance programs such as the Job Train ing Partnership Act and the Public Works and Economic Development Act. Insofar as possible, the concepts and definitions underlying these data are those used in the national estimates obtained from the cps . N otes on the data Data refer to State of residence. Monthly data for 11 States— California, Florida, Illinois, Massachusetts, Michigan, New York, New Jersey, North Carolina, Ohio, Pennsylvania, and Texas— are obtained directly from the cps , because the size of the sample is large enough to meet bls standards of reliability. Data for the remaining 39 States and the District o f Columbia are derived using standardized procedures established by bl s . Once a year, estimates for the 11 States are revised to new population controls. For the remaining States and the District of Columbia, data are benchmarked to annual average cps levels. A dditional sources o f inform ation Information on the concepts, definitions, and technical procedures used to develop labor force data for States and sub-State areas as well as addi tional data on sub-States are provided in the monthly Bureau of Labor Statistics periodical, Employment and Earnings, and the annual report, Geographic Profile of Employment and Unemployment (Bureau of Labor Statistics). See also b l s Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 4. COMPENSATION AND WAGE DATA (T ables 1 -3 ; 2 2 -2 9 ) C ompensation and wage data are gathered by the Bureau from business establishments, State and local governments, labor unions, collective bar gaining agreements on file with the Bureau, and secondary sources. Employment Cost Index D escription o f the series The Employment Cost Index ( eci) is a quarterly measure of the rate of change in compensation per hour worked and includes wages, salaries, and employer costs of employee benefits. It uses a fixed market basket of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis labor— similar in concept to the Consumer Price Index’s fixed market basket of goods and services— to measure change over time in employer costs of employing labor. The index is not seasonally adjusted. Statistical series on total compensation costs and on wages and salaries are available for private nonfarm workers excluding proprietors, the selfemployed, and household workers. Both series are also available for State and local government workers and for the civilian nonfarm economy, which consists of private industry and State and local government workers combined. Federal workers are excluded. The Employment Cost Index probability sample consists of about 2,200 private nonfarm establishments providing about 12,000 occupational ob servations and 700 State and local government establishments providing 81 M O N T H L Y L A B O R R E V IE W September 1987 • Current Labor Statistics 3,500 occupational observations selected to represent total employment in each sector. On average, each reporting unit provides wage and compensa tion information on five well-specified occupations. Data are collected each quarter for the pay period including the 12th day of March, June, Septem ber, and December. Beginning with June 1986 data, fixed employment weights from the 1980 Census o f Population are used each quarter to calculate the indexes for civilian, private, and State and local governments. (Prior to June 1986, the employment weights are from the 1970 Census of Population.) These fixed weights, also used to derive all of the industry and occupation series indexes, ensure that changes in these indexes reflect only changes in com pensation, not employment shifts among industries or occupations with different levels of wages and compensation. For the bargaining status, region, and metropolitan/nonmetropolitan area series, however, employ ment data by industry and occupation are not available from the census. Instead, the 1980 employment weights are reallocated within these series each quarter based on the current sample. Therefore, these indexes are not strictly comparable to those for the aggregate, industry, and occupation series. D efinitions Total compensation costs include wages, salaries, and the employer’s costs for employee benefits. W ages and salaries consist of earnings before payroll deductions, in cluding production bonuses, incentive earnings, commissions, and cost-ofliving adjustments. Benefits include the cost to employers for paid leave, supplemental pay (including nonproduction bonuses), insurance, retirement and savings plans, and legally required benefits (such as Social Security, workers’ compensation, and unemployment insurance). Excluded from wages and salaries and employee benefits are such items as payment-in-kind, free room and board, and tips. N otes on the data The Employment Cost Index data series began in the fourth quarter of 1975, with the quarterly percent change in wages and salaries in the private nonfarm sector. Data on employer costs for employee benefits were in cluded in 1980 to produce, when combined with the wages and salaries series, a measure of the percent change in employer costs for employee total compensation. State and local government units were added to the eci coverage in 1981, providing a measure of total compensation change in the civilian nonfarm economy (excluding Federal employees). Historical in dexes (June 1981 = 100) o f the quarterly rates of change are presented in the May issue o f the b ls monthly periodical, Current Wage Developments. A dditional sources o f inform ation For a more detailed discussion o f the Employment Cost Index, see the Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 11, and the fo llo w in g M onthly L abor R eview articles: “Employment Cost Index: a measure of change in the 'price of labor’,” July 1975; “How benefits will be incorporated into the Employment Cost In dex,” January 1978; “Estimation procedures for the Employment Cost Index.” May 1982; and “Introducing new weights for the Employment Cost Index,” June 1985. Data on the eci are also available in bls quarterly press releases issued in the month following the reference months of March, June, September, and December; and from the Handbook of Labor Statistics, Bulletin 2217 (Bureau o f Labor Statistics, 1985). C o lle c t iv e b a r g a in in g s e t tle m e n ts (wage and benefit costs) and wages alone, quarterly for private industry and semiannually for State and local government. Compensation measures cover all collective bargaining situations involving 5,000 workers or more and wage measures cover all situations involving 1,000 workers or more. These data, covering private nonagricultural industries and State and local governments, are calculated using information obtained from bargaining agreements on file with the Bureau, parties to the agreements, and second ary sources, such as newspaper accounts. The data are not seasonally adjusted. Settlement data are measured in terms of future specified adjustments: those that will occur within 12 months after contract ratification— firstyear— and all adjustments that will occur over the life of the contract expressed as an average annual rate. Adjustments are worker weighted. Both first-year and over-the-life measures exclude wage changes that may occur under cost-of-living clauses that are triggered by future movements in the Consumer Price Index. Effective wage adjustments measure all adjustments occurring in the reference period, regardless of the settlement date. Included are changes from settlements reached during the period, changes deferred from con tracts negotiated in earlier periods, and changes under cost-of-living adjust ment clauses. Each wage change is worker weighted. The changes are prorated over all workers under agreements during the reference period yielding the average adjustment. D efinitions Wage rate changes are calculated by dividing newly negotiated wages by the average hourly earnings, excluding overtime, at the time the agree ment is reached. Compensation changes are calculated by dividing the change in the value of the newly negotiated wage and benefit package by existing average hourly compensation, which includes the cost of previ ously negotiated benefits, legally required social insurance programs, and average hourly earnings. Compensation changes are calculated by placing a value on the benefit portion of the settlements at the time they are reached. The cost estimates are based on the assumption that conditions existing at the time of settle ment (for example, methods of financing pensions or composition o f labor force) will remain constant. The data, therefore, are measures of negotiated changes and not of total changes in employer cost. Contract duration runs from the effective date of the agreement to the expiration date or first wage reopening date, if applicable. Average annual percent changes over the contract term take account of the compounding of successive changes. N otes on the data Care should be exercised in comparing the size and nature of the settle ments in State and local government with those in the private sector because of differences in bargaining practices and settlement characteristics. A principal difference is the incidence of cost-of-living adjustment (cola ) clauses which cover only about 2 percent of workers under a few local government settlements, but cover 50 percent of workers under private sector settlements. Agreements without cola ’s tend to provide larger speci fied wage increases than those with cola ’s . Another difference is that State and local government bargaining frequently excludes pension benefits which are often prescribed by law. In the private sector, in contrast, pensions are typically a bargaining issue. A dditional sources o f inform ation D escription o f the series For a more detailed discussion on the series, see the b l s Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 10. Collective bargaining settlements data provide statistical measures of negotiated adjustments (increases, decreases, and freezes) in compensation Comprehensive data are published in press releases issued quarterly (in January, April, July, and October) for private industry, and semi- Digitized for82 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis annually (in February and August) for State and local government. Histor ical data and additional detailed tabulations for the prior calendar year appear in the April issue of the bls monthly periodical, Current Wage monthly periodical, Current Wage Developments. Historical data appear in the b l s Handbook of Labor Statistics. Developments. Other compensation data Work stoppages D escription o f the series Data on work stoppages measure the number and duration of major strikes or lockouts (involving 1,000 workers or more) occurring during the month (or year), the number of workers involved, and the amount of time lost because o f stoppage. Data are largely from newspaper accounts and cover only establishments directly involved in a stoppage. They do not measure the indirect or second ary effect o f stoppages on other establishments whose employees are idle owing to material shortages or lack of service. D efinitions Number of stoppages: The number of strikes and lockouts involving 1,000 workers or more and lasting a full shift or longer. Workers involved: The number of workers directly involved in the stoppage. Number of days idle: The aggregate number of workdays lost by workers involved in the stoppages. Days of idleness as a percent of estimated working time: Aggregate workdays lost as a percent of the aggregate number of standard workdays in the period multiplied by total employment in the period. N otes on the data This series is not comparable with the one terminated in 1981 that covered strikes involving six workers or more. A dditional sources o f inform ation Data for each calendar year are reported in a bls press release issued in the first quarter o f the following year. Monthly data appear in the bls Other BLS data on pay and benefits, not included in the Current Labor Statistics section of the Monthly Labor Review, appear in and consist of the following: Industry Wage Surveys provide data for specific occupations selected to represent an industry’s wage structure and the types of activities performed by its workers. The Bureau collects information on weekly work schedules, shift operations and pay differentials, paid holiday and vacation practices, and information on incidence of health, insurance, and retirement plans. Reports are issued throughout the year as the surveys are completed. Summaries of the data and special analyses also appear in the Monthly Labor Review. Area Wage Surveys annually provide data for selected office, clerical, professional, technical, maintenance, toolroom, powerplant, material movement, and custodial occupations common to a wide variety of indus tries in the areas (labor markets) surveyed. Reports are issued throughout the year as the surveys are completed. Summaries of the data and special analyses also appear in the Review. The National Survey of Professional, Administrative, Technical, and Clerical Pay provides detailed information annually on salary levels and distributions for the types of jobs mentioned in the survey’s title in private employment. Although the definitions of the jobs surveyed reflect the duties and responsibilities in private industry, they are designed to match specific pay grades of Federal white-collar employees under the General Schedule pay system. Accordingly, this survey provides the legally re quired information for comparing the pay of salaried employees in the Federal civil service with pay in private industry. (See Federal Pay Com parability Act of 1970, 5 u.s.c. 5305.) Data are published in a bls news release issued in the summer and in a bulletin each fall; summaries and analytical articles also appear in the Review. Employee Benefits Survey provides nationwide information on the inci dence and characteristics of employee benefit plans in medium and large establishments in the United States, excluding Alaska and Hawaii. Data are published in an annual bls news release and bulletin, as well as in special articles appearing in the Review. PRICE DATA (T ables 2; 3 0 -4 1 ) P rice data are gathered by the Bureau of Labor Statistics from retail and primary markets in the United States. Price indexes are given in relation to a base period (1967 = 100, unless otherwise noted). Consumer Price Indexes D escription o f the series The Consumer Price Index (cpi) is a measure of the average change in the prices paid by urban consumers for a fixed market basket of goods and services. The cpi is calculated monthly for two population groups, one consisting only o f urban households whose primary source of income is derived from the employment of wage earners and clerical workers, and the other consisting o f all urban households. The wage earner index ( cpi- w ) is a continuation of the historic index that was introduced well over a halfcentury ago for use in wage negotiations. As new uses were developed for the cpi in recent years, the need for a broader and more representative index became apparent. The all urban consumer index (cpi- u ), introduced in 1978, is representative of the 1982-84 buying habits of about 80 percent o f the noninstitutional population of the United States at that time, com pared with 32 percent represented in the cpi- w . In addition to wage earners https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and clerical workers, the cpi-U covers professional, m anagerial, and tech nical workers, the self-em ployed, short-term workers, the unem ployed, retirees, and others not in the labor force. The cpi is based on prices of food, clothing, shelter, fuel, drugs, trans portation fares, doctors’ and dentists’ fees, and other goods and services that people buy for day-to-day living. The quantity and quality o f these items are kept essentially unchanged between major revisions so that only price changes will be measured. All taxes directly associated with the purchase and use of items are included in the index. Data collected from more than 21,000 retail establishments and 60,000 housing units in 91 urban areas across the country are used to develop the “U .S. city average.” Separate estimates for 27 major urban centers are presented in table 31. The areas listed are as indicated in footnote 1 to the table. The area indexes measure only the average change in prices for each area since the base period, and do not indicate differences in the level of prices among cities. N otes on the data In January 1983, the Bureau changed the way in which homeownership costs are measured for the cpi- u . A rental equivalence method replaced the 83 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics asset-price approach to homeownership costs for that series. In January 1985, the same change was made in the cpi- w . The central purpose of the change was to separate shelter costs from the investment component of homeownership so that the index would reflect only the cost of shelter services provided by owner-occupied homes. An updated cpi-u and cpi-w were introduced with release of the January 1987 data. A dditional sources o f inform ation For a discussion o f the general method for computing the cpi , see bls Handbook of Methods, Volume II, The Consumer Price Index , Bulletin 2 1 3 4 -2 (Bureau o f Labor Statistics, 1984). The recent change in the mea surement o f homeownership costs is discussed in Robert Gillingham and Walter Lane, “Changing the treatment of shelter costs for homeowners in the cpi,” Monthly Labor Review, July 1982, pp. 9 -1 4 . An overview of the recently introduced revised cpi, reflecting 1982-84 expenditure patterns, is contained in The Consumer Price Index: 1987 Revision , Report 736 (Bu reau o f Labor Statistics, 1987). Additional detailed CPI data and regular analyses of consumer price changes are provided in the c p i Detailed Report, a monthly publication of the Bureau. Historical data for the overall cpi and for selected groupings may be found in the Handbook of Labor Statistics , Bulletin 2217 (Bureau o f Labor Statistics, 1985). Producer Price Indexes D escription o f the series Producer Price Indexes ( ppi) measure average changes in prices re ceived in primary markets of the United States by producers of commodi ties in all stages o f processing. The sample used for calculating these indexes currently contains about 3,200 commodities and about 60,000 quotations per month selected to represent the movement of prices of all commodities produced in the manufacturing, agriculture, forestry, fishing, mining, gas and electricity, and public utilities sectors. The stage of proc essing structure o f Producer Price Indexes organizes products by class of buyer and degree o f fabrication (that is, finished goods, intermediate goods, and crude materials). The traditional commodity structure of ppi organizes products by similarity of end use or material composition. To the extent possible, prices used in calculating Producer Price Indexes apply to the first significant commercial transaction in the United States from the production or central marketing point. Price data are generally collected monthly, primarily by mail questionnaire. Most prices are ob tained directly from producing companies on a voluntary and confidential basis. Prices generally are reported for the Tuesday of the week containing the 13th day o f the month. Since January 1987, price changes for the various commodities have been averaged together with implicit quantity weights representing their importance in the total net selling value of all commodities as of 1982. The detailed data are aggregated to obtain indexes for stage-of-processing groupings, commodity groupings, durability-of-product groupings, and a number of special composite groups. All Producer Price Index data are subject to revision 4 months after original publication. N otes on the data Beginning with the January 1986 issue, the Review is no longer present ing tables o f Producer Price Indexes for commodity groupings, special composite groups, or sic industries. However, these data will continue to be presented in the Bureau’s monthly publication Producer Price Indexes. The Bureau has completed the first major stage of its comprehensive overhaul o f the theory, methods, and procedures used to construct the Producer Price Indexes. Changes include the replacement of judgment sampling with probability sampling techniques; expansion to systematic Digitized for 84 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis coverage of the net output of virtually all industries in the mining and manufacturing sectors; a shift from a commodity to an industry orientation; the exclusion of imports from, and the inclusion of exports in, the survey universe; and the respecification of commodities priced to conform to Bureau of the Census definitions. These and other changes have been phased in gradually since 1978. The result is a system of indexes that is easier to use in conjunction with data on wages, productivity, and employ ment and other series that are organized in terms of the Standard Industrial Classification and the Census product class designations. A dditional sou rces o f inform ation For a discussion of the methodology for computing Producer Price In dexes, see b l s Handbook of Methods , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 7. Additional detailed data and analyses of price changes are provided monthly in Producer Price Indexes. Selected historical data may be found in the Handbook of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). International Price Indexes D escription o f the series The bls International Price Program produces quarterly export and import price indexes for nonmilitary goods traded between the United States and the rest of the world. The export price index provides a measure of price change for all products sold by U .S. residents to foreign buyers. (“Residents” is defined as in the national income accounts: it includes corporations, businesses, and individuals but does not require the organiza tions to be U .S. owned nor the individuals to have U .S. citizenship.) The import price index provides a measure of price change for goods purchased from other countries by U .S. residents. With publication of an all-import index in February 1983 and an all-export index in February 1984, all U .S. merchandise imports and exports now are represented in these indexes. The reference period for the indexes is 1977 = 100, unless otherwise indicated. The product universe for both the import and export indexes includes raw materials, agricultural products, semifinished manufactures, and finished manufactures, including both capital and consumer goods. Price data for these items are collected quarterly by mail questionnaire. In nearly all cases, the data are collected directly from the exporter or importer, al though in a few cases, prices are obtained from other sources. To the extent possible, the data gathered refer to prices at the U.S. border for exports and at either the foreign border or the U .S. border for imports. For nearly all products, the prices refer to transactions completed during the first 2 weeks of the third month of each calendar quarter— March, June, September, and December. Survey respondents are asked to indicate all discounts, allowances, and rebates applicable to the reported prices, so that the price used in the calculation of the indexes is the actual price for which the product was bought or sold. In addition to general indexes of prices for U.S. exports and imports, indexes are also published for detailed product categories of exports and imports. These categories are defined by the 4- and 5-digit level of detail of the Standard Industrial Trade Classification System (su e). The calcula tion of indexes by sitc category facilitates the comparison of U .S. price trends and sector production with similar data for other countries. Detailed indexes are also computed and published on a Standard Industrial Classifi cation (sic-based) basis, as well as by end-use class. N otes on the data The export and import price indexes are weighted indexes of the Laspeyres type. Price relatives are assigned equal importance within each weight category and are then aggregated to the sitc level. The values assigned to each weight category are based on trade value figures compiled by the Bureau o f the Census. The trade weights currently used to compute both indexes relate to 1980. Because a price index depends on the same items being priced from period to period, it is necessary to recognize when a product’s specifica tions or terms o f transaction have been modified. For this reason, the Bureau’s quarterly questionnaire requests detailed descriptions of the phys ical and functional characteristics of the products being priced, as well as information on the number of units bought or sold, discounts, credit terms, packaging, class of buyer or seller, and so forth. When there are changes in either the specifications or terms of transaction of a product, the dollar value of each change is deleted from the total price change to obtain the “pure” change. Once this value is determined, a linking procedure is employed which allows for the continued repricing of the item. For the export price indexes, the preferred pricing basis is f.a.s. (free alongside ship) U .S. port of exportation. When firms report export prices f.o.b. (free on board), production point information is collected which enables the Bureau to calculate a shipment cost to the port of exportation. An attempt is made to collect two prices for imports. The first is the import price f.o.b. at the foreign port of exportation, which is consistent with the basis for valuation of imports in the national accounts. The second is the import price c.i.f. (cost, insurance, and freight) at the U .S. port o f impor tation, which also includes the other costs associated with bringing the product to the U .S. border. It does not, however, include duty charges. A dditional sources o f inform ation For a discussion of the general method of computing International Price Indexes, see b l s Handbook of Methods , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 8. Additional detailed data and analyses of international price develop ments are presented in the Bureau’s quarterly publication U.S. Import and Export Price Indexes and in occasional Monthly Labor Review articles prepared by bls analysts. Selected historical data may be found in the Handbook of Labor Statistics, Bulletin 2217 (Bureau of Labor Statistics, 1985). PRODUCTIVITY DATA (Tables 2; 42-47) U. S. productivity and related data D escription o f the series The productivity measures relate real physical output to real input. As such, they encompass a family of measures which include single factor input measures, such as output per unit of labor input (output per hour) or output per unit o f capital input, as well as measures of multifactor produc tivity (output per unit of labor and capital inputs combined). The Bureau indexes show the change in output relative to changes in the various inputs. The measures cover the business, nonfarm business, manufacturing, and nonfinancial corporate sectors. Corresponding indexes of hourly compensation, unit labor costs, unit nonlabor payments, and prices are also provided. Unit profits include corporate profits and the value of inventory adjust ments per unit of output. Hours of all persons are the total hours paid of payroll workers, selfemployed persons, and unpaid family workers. Capital services is the flow of services from the capital stock used in production. It is developed from measures of the net stock o f physical assets— equipment, structures, land, and inventories— weighted by rental prices for each type of asset. Labor and capital inputs combined are derived by combining changes in labor and capital inputs with weights which represent each component’s share of total output. The indexes for capital services and combined units of labor and capital are based on changing weights which are averages of the shares in the current and preceding year (the Tomquist index-number formula). N otes on the data D efinitions Output per hour of all persons (labor productivity) is the value of goods and services in constant prices produced per hour of labor input. Output per unit of capital services (capital productivity) is the value of goods and services in constant dollars produced per unit of capital services input. Multifactor productivity is the ratio output per unit of labor and capital inputs combined. Changes in this measure reflect changes in a number of factors which affect the production process such as changes in technology, shifts in the composition of the labor force, changes in capacity utilization, research and development, skill and efforts of the work force, manage ment, and so forth. Changes in the output per hour measures reflect the impact of these factors as well as the substitution of capital for labor. Compensation per hour is the wages and salaries of employees plus employers’ contributions for social insurance and private benefit plans, and the wages, salaries, and supplementary payments for the self-employed (except for nonfinancial corporations in which there are no selfemployed)— the sum divided by hours paid for. Real compensation per hour is compensation per hour deflated by the change in the Consumer Price Index for All Urban Consumers. Unit labor costs are the labor compensation costs expended in the production o f a unit of output and are derived by dividing compensation by output. Unit nonlabor payments include profits, depreciation, interest, and indirect taxes per unit of output. They are computed by subtracting compensation o f all persons from current dollar value of output and divid ing by output. Unit nonlabor costs contain all the components of unit nonlabor payments except unit profits. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Output measures for the business sector and the nonfarm businesss sector exclude the constant dollar value of owner-occupied housing, rest o f world, households and institutions, and general government output from the con stant dollar value of gross national product. The measures are derived from data supplied by the Bureau of Economic Analysis, U .S. Department of Commerce, and the Federal Reserve Board. Quarterly manufacturing out put indexes are adjusted by the Bureau of Labor Statistics to annual esti mates of output (gross product originating) from the Bureau o f Economic Analysis. Compensation and hours data are developed from data o f the Bureau of Labor Statistics and the Bureau of Economic Analysis. The productivity and associated cost measures in tables 4 2 -4 4 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 influ ences, including changes in technology; capital investment; level o f output; utilization of capacity, energy, and materials; the organization of produc tion; managerial skill; and the characteristics and efforts of the work force. A dditional sources o f inform ation Descriptions of methodology underlying the measurement of output per hour and multifactor productivity are found in the b l s Handbook of Meth ods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 13. His torical data for selected industries are provided in the Bureau’s Handbook of Labor Statistics, 1985, Bulletin 2217. 85 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics INTERNATIONAL COMPARISONS (Tables 45-47) L abor force and unem ploym ent D escription o f the series Tables 45 and 46 present comparative measures of the labor force, employment, and unemployment— approximating U .S. concepts— for the United States, Canada, Australia, Japan, and six European countries. The unemployment statistics (and, to a lesser extent, employment statistics) published by other industrial countries are not, in most cases, comparable to U.S. unemployment statistics. Therefore, the Bureau adjusts the figures for selected countries, where necessary, for all known major definitional differences. Although precise comparability may not be achieved, these adjusted figures provide a better basis for international comparisons than the figures regularly published by each country. D efinitions For the principal U.S. definitions of the labor force, employment, and unemployment, see the Notes section on EMPLOYMENT DATA: House hold Survey Data. N otes on the data The adjusted statistics have been adapted to the age at which compulsory schooling ends in each country, rather than to the U.S. standard of 16 years o f age and over. Therefore, the adjusted statistics relate to the population age 16 and over in France, Sweden, and from 1973 onward, the United Kingdom; 16 and over in Canada, Australia, Japan, Germany, the Nether lands, and prior to 1973, the United Kingdom; and 14 and over in Italy. The institutional population is included in the denominator o f the labor force participation rates and employment-population ratios for Japan and Ger many; it is excluded for the United States and the other countries. In the U.S. labor force survey, persons on layoff who are awaiting recall to their job are classified as unemployed. European and Japanese layoff practices are quite different in nature from those in the United States; therefore, strict application o f the U.S. definition has not been made on this point. For further information, see Monthly Labor Review , December 1981, pp. 8 -1 1 . The figures for one or more recent years for France, Germany, Italy, the Netherlands, and the United Kingdom are calculated using adjustment factors based on labor force surveys for earlier years and are considered preliminary. The recent-year measures for these countries are, therefore, subject to revision whenever data from more current labor force surveys become available. A dditional sou rces o f inform ation For further information, see International Comparisons of Unemploy ment , Bulletin 1979 (Bureau of Labor Statistics, 1978), Appendix B and unpublished Supplements to Appendix B available on request. The statis tics are also analyzed periodically in the Monthly Labor Review. Additional historical data, generally beginning with 1959, are published in the Hand book of Labor Statistics and are available in unpublished statistical supple ments to Bulletin 1979. M anufactu rin g productivity and labor costs D escription o f the series Table 47 presents comparative measures of manufacturing labor produc tivity, hourly compensation costs, and unit labor costs for the United Digitized for 86 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis States, Canada, Japan, and nine European countries. These measures are limited to trend comparisons— that is, intercountry series of changes over time— rather than level comparisons because reliable international com parisons of the levels of manufacturing output are unavailable. D efinitions Output is constant value output (value added), generally taken from the national accounts of each country. While the national accounting methods for measuring real output differ considerably among the 12 countries, the use of different procedures does not, in itself, connote lack of comparabil ity— rather, it reflects differences among countries in the availability and reliability of underlying data series. Hours refer to all employed persons including the self-employed in the United States and Canada; to all wage and salary employees in the other countries. The U .S. hours measure is hours paid; the hours measures for the other countries are hours worked. Compensation (labor cost) includes all payments in cash or kind made directly to employees plus employer expenditures for legally required in surance programs and contractual and private benefit plans. In addition, for some countries, compensation is adjusted for other significant taxes on payrolls or employment (or reduced to reflect subsidies), even if they are not for the direct benefit of workers, because such taxes are regarded as labor costs. However, compensation does not include all items of labor cost. The costs of recruitment, employee training, and plant facilities and services— such as cafeterias and medical clinics— are not covered because data are not available for most countries. Self-employed workers are in cluded in the U .S. and Canadian compensation figures by assuming that their hourly compensation is equal to the average for wage and salary employees. N otes on the data For most of the countries, the measures refer to total manufacturing as defined by the International Standard Industrial Classification. However, the measures for France (beginning 1959), Italy (beginning 1970), and the United Kingdom (beginning 1971), refer to manufacturing and mining less energy-related products and the figures for the Netherlands exclude petroleum refining from 1969 to 1976. For all countries, manufacturing includes the activities of government enterprises. The figures for one or more recent years are generally based on current indicators of manufacturing output, employment, hours, and hourly com pensation and are considered preliminary until the national accounts and other statistics used for the long-term measures become available. A dditional sources o f inform ation For additional information, see the b l s Handbook of Methods , Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 16 and periodic Monthly Labor Review articles. Historical data are provided in the Bureau’s Hand book of Labor Statistics, Bulletin 2217, 1985. The statistics are issued twice per year— in a news release (generally in May) and in a Monthly Labor Review article (generally in December). OCCUPATIONAL INJURY AND ILLNESS DATA (T able 48) D escription o f the series The Annual Survey of Occupational Injuries and Illnesses is designed to collect data on injuries and illnesses based on records which employers in the following industries maintain under the Occupational Safety and Health Act o f 1970: agriculture, forestry, and fishing; oil and gas extraction; construction; manufacturing; transportation and public utilities; wholesale and retail trade; finance, insurance, and real estate; and services. Excluded from the survey are self-employed individuals, farmers with fewer than 11 employees, employers regulated by other Federal safety and health laws, and Federal, State, and local government agencies. Because the survey is a Federal-State cooperative program and the data must meet the needs of participating State agencies, an independent sam ple is selected for each State. The sample is selected to represent all pri vate industries in the States and territories. The sample size for the survey is dependent upon (1) the characteristics for which estimates are needed; (2) the industries for which estimates are desired; (3) the charac teristics of the population being sampled; (4) the target reliability of the estimates; and (5) the survey design employed. While there are many characteristics upon which the sample design could be based, the total recorded case incidence rate is used because it is one of the most important characteristics and the least variable; therefore, it re quires the smallest sample size. The survey is based on stratified random sampling with a Neyman allocation and a ratio estimator. The characteristics used to stratify the establishments are the Standard Industrial Classification (sic) code and size o f employment. D efinitions Recordable occupational injuries and illnesses are: (1) occupational deaths, regardless of the time between injury and death, or the length o f the illness; or (2) nonfatal occupational illnesses; or (3) nonfatal occupational injuries which involve one or more of the following: loss of consciousness, restriction o f work or motion, transfer to another job, or medical treatment (other than first aid). Occupational injury is any injury such as a cut, fracture, sprain, ampu tation, and so forth, which results from a work accident or from exposure involving a single incident in the work environment. Occupational illness is an abnormal condition or disorder, other than one resulting from an occupational injury, caused by exposure to environ mental factors associated with employment. It includes acute and chronic illnesses or disease which may be caused by inhalation, absorption, inges tion, or direct contact. Lost workday cases are cases which involve days away from work, or days o f restricted work activity, or both. Lost workday cases involving restricted work activity are those cases which result in restricted work activity only. Lost workdays away from work are the number o f workdays (consec utive or not) on which the employee would have worked but could not because o f occupational injury or illness. Lost workdays— restricted work activity are the number of workdays (consecutive or not) on which, because of injury or illness: (1) the em ployee was assigned to another job on a temporary basis; or (2) the em https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ployee worked at a permanent job less than full time; or (3) the employee worked at a permanently assigned job but could not perform all duties normally connected with it. The number of days away from work or days of restricted work activity does not include the day of injury or onset of illness or any days on which the employee would not have worked even though able to work. Incidence rates represent the number of injuries and/or illnesses or lost workdays per 100 full-time workers. N otes on the data Estimates are made for industries and employment-size classes and for severity classification: fatalities, lost workday cases, and nonfatal cases without lost workdays. Lost workday cases are separated into those where the employee would have worked but could not and those in which work activity was restricted. Estimates of the number o f cases and the number of days lost are made for both categories. Most of the estimates are in the form of incidence rates, defined as the number of injuries and illnesses, or lost workdays, per 100 full-time em ployees. For this purpose, 200,000 employee hours represent 100 em ployee years (2,000 hours per employee). Only a few of the available measures are included in the Handbook of Labor Statistics. Full detail is presented in the annual bulletin, Occupational Injuries and Illnesses in the United States, by Industry. Comparable data for individual States are available from the bls Office of Occupational Safety and Health Statistics. Mining and railroad data are furnished to bls by the Mine Safety and Health Administration and the Federal Railroad Administration, respec tively. Data from these organizations are included in bls and State publica tions. Federal employee experience is compiled and published by the Occu pational Safety and Health Administration. Data on State and local government employees are collected by about half of the States and territo ries; these data are not compiled nationally. A dditional sources o f inform ation The Supplementary Data System provides detailed information describ ing various factors associated with work-related injuries and illnesses. These data are obtained from information reported by employers to State workers’ compensation agencies. The Work Injury Report program exam ines selected types of accidents through an employee survey which focuses on the circumstances surrounding the injury. These data are not included in the Handbook of Labor Statistics but are available from the bls Office of Occupational Safety and Health Statistics. The definitions of occupational injuries and illnesses and lost workdays are from Recordkeeping Requirements under the Occupational Safety and Health Act of 1970. For additional data, see Occupational Injuries and Illnesses in the United States, by Industry, annual Bureau o f Labor Statistics bulletin; bls Handbook of Methods, Bulletin 2134-1 (Bureau of Labor Statistics, 1982), chapter 17; Handbook of Labor Statistics , Bulletin 2217 (Bureau of Labor Statistics, 1985), pp. 411-14; annual reports in the Monthly Labor Review, and annual U .S. Department of Labor press releases. 87 M O N T H L Y L A B O R R E V IE W 1. S ep tem b er 19 8 7 • Current Labor Statistics: Com parative Indicators Labor market indicators 1987 1986 1985 Selected indicators 1986 1985 IV III II I IV III II I Employment data Employment status of the civilian noninstitutionalized population (household survey)1 Labor force participation rate.................................................... Employment-population ratio..................................................... Unemployment rate ................................................................... M en....................................... .................................................. 16 to 24 years ...................................................................... 25 years and over................................................................. Women .................................................................................... 16 to 24 years ...................................................................... 25 years and over................................................................. Unemployment rate, 15 weeks and over......................... ....... 64.8 60.1 7.2 7.0 14.1 5.3 7.4 13.0 5.9 2.0 65.3 60.7 7.0 6.9 13.7 5.4 7.1 12.8 5.5 1.9 64.7 60.1 7.2 7.0 14.0 5.3 7.4 12.9 5.9 2.0 64.9 60.3 7.1 6.9 14.2 5.2 7.3 13.1 5.6 1.9 65.1 60.5 7.1 6.9 13.5 5.3 7.3 13.1 5.7 1.9 65.2 60.6 7.1 7.0 14.2 5.3 7.2 13.1 5.7 1.9 65.3 60.8 6.9 6.9 13.7 5.4 6.9 12.6 5.4 1.9 65.4 60.9 6.9 6.9 13.4 5.4 6.8 12.5 5.3 1.8 65.5 61.1 6.7 6.7 13.4 5.2 6.6 12.6 5.1 1.8 65.5 61.5 6.2 6.3 13.1 4.8 6.1 11.8 4.6 1.7 Total .............................................................................................. Private sector ............................................................................. Goods-producing........................................................................ Manufacturing .......................................................................... Service-producing ....................................................... ............... 97,519 81,125 24,859 19,260 72,660 99,610 82,900 24,681 18,994 74,930 97,775 81,303 24,788 19,183 72,987 98,444 81,905 24,788 19,133 73,656 98,901 82,299 24,767 19,086 74,134 99,321 82,670 24,702 19,003 74,619 99,804 83,119 24,629 18,939 75,175 100,397 83,498 24,624 18,953 75,773 101,133 84,183 24,733 18,979 76,399 101,708 84,675 24,757 19,015 76,951 Average hours: Private sector............................................................................. Manufacturing ....................................................................... Overtime........................................... ................................... 34.9 40.5 3.3 34.8 40.7 3.4 34.9 40.6 3.3 34.9 40.8 3.4 34.9 40.7 3.4 34.8 40.7 3.4 34.7 40.7 3.5 34.7 40.8 3.5 34.8 41.0 3.6 34.8 40.9 3.7 Percent change in the ECI, compensation: All workers (excluding farm, household, and Federal workers) ... Private industry workers ........................................................... Goods-producing2 ................................................................. Service-producing2 ..................................... .......................... State and local government workers........................................ 4.3 3.9 3.4 4.4 5.7 3.6 3.2 3.1 3.2 5.2 1.6 1.3 .6 1.8 3.4 .6 .6 .6 .5 .7 1.1 1.1 1.1 1.1 1.0 .7 .8 .9 .6 .6 1.1 .7 .6 .8 2.8 .6 .6 .5 .6 .8 .9 1.0 .5 1.3 .8 0.7 .7 .7 .7 .3 Workers by bargaining status (private industry): Union......................................... ....... .................... ................... Nonunion ........................................................ ............... ....... ... 2.6 4.6 2.1 3.6 .8 1.4 .5 .6 1.0 1.2 .2 .9 .5 .8 .3 .7 .5 1.1 .5 .7 Employment, nonagricultural (payroll data), in thousands:1 Employment Cost Index 1 Quarterly data seasonally adjusted. 2 Goods-producing industries include mining, construction, and manufacturing. Service- 88 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis producing industries include all other private sector industries. 2. Annual and quarterly percent changes in compensation, prices, and productivity 1985 Selected measures 1985 III C o m p e n s a tio n d a ta 1986 1987 1986 IV I II III IV II I 1, 2 Employment Cost Index-compensation (wages, salaries, benefits): Civilian nonfarm ................................................................... Private nonfarm .................................................................. Employment Cost Index-wages and salaries Civilian nonfarm ................................................................... Private nonfarm .................................................................. 4.3 3.9 3.6 3.2 1.6 1.3 0.6 .6 1.1 1.1 0.7 .8 1.1 .7 0.6 .6 0.9 1.0 0.7 .7 4.4 4.1 3.5 3.1 1.7 1.3 .6 .6 1.0 1.0 .8 .9 1.1 .7 .6 .5 1.0 1.0 .5 .7 Price d a ta 1 Consumer Price Index (All urban consumers): All items...... 3.8 1.1 .7 .9 Producer Price Index: Finished goods..................................................................... Finished consumer goods.................................................. Capital equipment ............................................................... Intermediate materials, supplies, components .................... Crude materials.................................................................... 1.8 1.5 2.7 -.3 -5.6 -2.3 -3.6 2.1 -4.4 -9.0 -1.4 -1.4 -1.4 -.5 -4.5 2.5 2.5 2.5 .4 4.3 .6 .7 .3 1.4 .5 .4 .6 -.9 -1.5 -.7 -.7 -.7 -.2 -.5 1.1 .8 2.0 -.4 .6 .8 .9 -4 -3.1 -4.1 .2 -2.9 -7.6 1.4 4.2 1.3 1.4 1.8 .4 1.8 5.6 P ro d u c tiv ity d a ta 3 Output per hour of all persons: Business sector.................................................................. Nonfarm business sector ................................................... Nonfinancial corporations 4 ................................................. 1.8 1.2 2.1 2.5 17 3.3 19 16 1.6 1 Annual changes are December-to-December change. Quarterly changes are calculated using the last month of each quarter. Compensation and price data are not seasonally adjusted and the price data are not compounded. 2 Excludes Federal and private household workers. 3 Annual rates of change are computed by comparing annual averages. 3. 1.3 1.1 .7 2.3 1.9 1.8 2.8 1 2.3 2.6 1.9 10 2.3 1.5 1.5 1.5 .2 -.1 0 .4 .3 .3 Quarterly percent changes reflect annual rates of change in quarterly indexes. The data are seasonally adjusted. 4 Output per hour of all employees. Alternative measures of wage and compensation changes Four quarters ended— Quarterly average I II III IV |P l|P I II III IV |P IIP 4.8 4.5 4.4 4.1 3.7 3.6 3.3 3.4 2.8 2.7 2.8 2.7 3.2 3.9 3.5 2.9 3.0 2.8 3.6 4.0 1.4 1.1 3.3 3.0 1.1 1.1 1.0 1.2 1.0 .7 .8 .2 .9 .6 1.1 .7 .5 .8 2.8 .6 .6 .3 .7 .8 .9 1.0 .5 1.1 .8 .7 .7 .5 .7 .3 4.1 3.8 2.9 4.2 5.5 4.0 3.8 2.5 4.2 5.8 3.6 3.2 2.3 3.5 5.2 3.6 3.2 2.1 3.6 5.2 3.4 3.1 1.6 3.6 5.0 3.3 3.0 1.9 3.4 4.7 1.0 1.0 .7 1.1 1.0 .6 (4) .4 .2 .8 .9 .4 .9 .4 .7 .2 .6 (4) 1.1 .7 .6 .7 3.2 .5 .1 .5 (4) .6 .5 .2 .7 .7 .5 .2 .2 .1 1.0 1.0 .4 1.2 .8 .4 (4) .3 .1 .5 .7 .5 .8 .2 1.0 .1 .7 .2 4.2 3.9 3.2 4.3 5.5 3.1 .6 1.7 .8 4.1 3.7 2.5 4.1 5.7 2.9 .5 1.8 .7 3.5 3.1 2.3 3.4 5.4 2.3 .5 1.6 .2 3.5 3.1 2.0 3.5 5.4 2.3 .5 1.7 .2 3.5 3.2 1.7 3.5 5.2 2.0 .4 1.5 .1 3.2 3.0 1.7 3.3 5.0 2.2 .3 1.6 .3 .8 1.5 1.3 2.0 .8 1.5 2.0 2.1 1.2 1.8 2.6 2.9 2.0 2.5 1.6 2.2 1.2 1.7 1.2 1.8 1.2 1.8 1.5 2.0 .6 1.2 .7 1.6 .7 1.2 2.7 2.4 1.7 2.4 4.2 3.9 2.3 2.5 1.4 2.0 .9 1.4 1.1 1.6 1.2 1.7 1.9 2.1 Average hourly compensation:1 Employment Cost Index—compensation: Employment Cost Index—wages and salaries: Negotiated wage adjustments from settlements:3 Negotiated wage and benefit adjustments from settlements:5 1 Seasonally adjusted. 2 Excludes Federal and household workers. 3 Limited to major collective bargaining units of 1,000 workers or more. The most recent data are preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1987 1986 1987 1986 Components 4 Data round to zero. 5 Limited to major collective bargaining units of 5,000 workers or more. The most recent data are preliminary, - Data not available. 89 M O N T H L Y L A B O R R E V IE W 4. S ep tem b er 1 9 8 7 • Current Labor Statistics: Employment D ata Employment status of the total population, by sex, monthly data seasonally adjusted (Numbers in thousands) Annual average 1986 1987 Employment status 1985 1986 179,912 117,167 65.1 108,856 182,293 119,540 65.6 111,303 60.5 1,706 107,150 3,179 103,971 8,312 7.1 62,744 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. 182,354 182,525 119,789 119,821 65.7 65.6 111,559 111,764 182,713 119,988 65.7 111,703 182,935 120,163 65.7 111,941 183,114 120,426 65.8 112,183 183,297 120,336 65.7 112,387 183,575 120,782 65.8 112,759 183,738 121,089 65.9 113,122 183,915 120,958 65.8 113,104 184,079 121,070 65.8 113,570 184,259 184,421 121,719 121,235 66.1 65.7 114,173 113,975 184,605 121,672 65.9 114,447 61.1 1,706 109,597 3,163 106,434 8,237 6.9 62,752 61.2 61.2 1,672 1,697 109,887 110,067 3,124 3,057 106,763 107,010 8,230 8,057 6.9 6.7 62,565 62,704 61.1 1,716 109,987 3,142 106,845 8,285 6.9 62,725 61.2 1,749 110,192 3,162 107,030 8,222 6.8 62,772 61.3 1,751 110,432 3,215 107,217 8,243 6.8 62,688 61.3 1,750 110,637 3,161 107,476 7,949 6.6 62,961 61.4 1,748 111,011 3,145 107,866 8,023 6.6 62,793 61.6 1,740 111,382 3,236 108,146 7,967 6.6 62,649 61.5 1,736 111,368 3,284 108,084 7,854 6.5 62,957 61.7 1,735 111,835 3,290 108,545 7,500 6.2 63,009 62.0 1,726 112,447 3,335 109,112 7,546 6.2 62,540 61.8 1,718 112,257 3,178 109,079 7,260 6.0 63,187 62.0 1,720 112,727 3,219 109,508 7,224 5.9 62,933 86,025 65,967 76.7 61,447 87,349 66,973 76.7 62,443 87,373 87,460 66,968 66,911 76.5 76.6 62,402 62,483 87,556 67,128 76.7 62,528 87,682 67,130 76.6 62,565 87,773 67,407 76.8 62,833 87,868 67,425 76.7 62,986 88,020 67,672 76.9 63,187 88,099 67,764 76.9 63,335 88,186 67,644 76.7 63,282 88,271 67,603 76.6 63,417 88,361 67,816 76.7 63,562 88,442 67,556 76.4 63,471 88,534 67,656 76.4 63,715 71.4 1,556 59,891 4,521 6.9 71.5 1,551 60,892 4,530 6.8 71.4 71.4 1,541 1,518 60,884 60,942 4,566 4,428 6.8 6.6 71.4 1,560 60,968 4,600 6.9 71.4 1,590 60,975 4,565 6.8 71.6 1,592 61,241 4,574 6.8 71.7 1,593 61,393 4,439 6.6 71.8 1,591 61,596 4,484 6.6 71.9 1,584 61,751 4,429 6.5 71.8 1,575 61,707 4,362 6.4 71.8 1,575 61,842 4,186 6.2 71.9 1,566 61,996 4,254 6.3 71.8 1,559 61,912 4,085 6.0 72.0 1,561 62,154 3,941 5.8 93,886 51,200 54.5 47,409 94,944 52,568 55.4 48,861 94,981 95,065 52,821 52,910 55.7 55.6 49,157 49,281 95,156 52,860 55.6 49,175 95,253 53,033 55.7 49,376 95,341 53,019 55.6 49,350 95,429 52,911 55.4 49,401 95,556 53,110 55.6 49,572 95,639 53,325 55.8 49,787 95,729 53,314 55.7 49,822 95,808 53,467 55.8 50,153 95,898 53,903 56.2 50,611 95,979, 53,679 Í 55.9! 50,5041 96,071 54,016 56.2 50,733 50.5 150 47,259 3,791 7.4 51.5 155 48,706 3,707 7.1 51.8 51.8 154 156 49,003 49,125 3,664 3,629 6.9 6.9 51.7 156 49,019 3,685 ,0 51.8 159 49,217 3,657 6.9 51.8 159 49,191 3,669 6.9 51.8 157 49,244 3,510 6.6 51.9 157 49,415 3,538 6.7 52.1 156 49,631 3,538 6.6 52.0 161 49,661 3,492 6.6 52.3 160 49,993 3,314 6.2 52.8 160 50,451 3,292 6.1 52.6 159' 50,345 3,175 5.9i 52.8 159 50,574 3,283 6.1 Apr. May June July TOTAL Noninstitutional population \ 2 ....... Labor force2 .................................. Participation rate 3 ................ 1 otal employed 2 ....................... Employment-population ratio 4 ................................... Resident Armed Forces 1 ....... Civilian employed .................... Agriculture ............................ Nonagricultural industries..... Unemployed............................... Unemployment rate 5 ........... Not in labor force ........................ M en, 16 y e a rs an d o v e r Noninstitutional population 1, 2 ....... Labor force2 .................................. Participation rate 3 ................ Total employed 2 ....................... Employment-population ratio 4 ................................... Resident Armed Forces 1 ....... Civilian employed ................... Unemployed............................... Unemployment rate 5 ........... W o m e n , 16 y e a rs an d o v e r Noninstitutional population 1, 2 ....... Labor force2 .................................. Participation rate 3 ................ Total employed2 ........................ Employment-population ratio 4 ................................... Resident Armed Forces 1 ....... Civilian employed .................... Unemployed............................... Unemployment rate 5 ........... 1 The population and Armed Forces figures are not adjusted for seasonal variation. Includes members of the Armed Forces stationed in the United States. Labor force as a percent of the noninstitutional population. 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 Total employed as a percent of the noninstitutional population. 5 Unemployment as a percent of the labor force (including Forces). the resident Armed 5. Employment status of the civilian population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) 1987 1986 Annual average Employment status 1985 1986 July Aug. Sept. 180,828 118,124 65.3 110,067 180,997 118,272 65.3 109,987 181,186 118,414 65.4 110,192 181,363 118,675 65.4 110,432 181,547 118,586 65.3 110,637 181,827 119,034 65.5 111,011 181,998 119,349 65.6 111,382 182,179 119,222 65.4 111,368 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 182,344 119,335 65.4 111,835 182,533 119,993 65.7 112,447 182,703 119,517 65.4 112,257 182,885 119,952 65.6 112,727 TO TAL Civilian noninstitutional population1 .................................... Civilian labor force....................... Participation rate .................. Employed................................... Employment-population ratio2 .................................... Unemployed............................... Unemployment rate.............. Not in labor force ........................ 178,206 115,461 64.8 107,150 180,587 180,682 117,834 118,117 65.3 65.4 109,597 109,887 60.1 8,312 7.2 62,744 60.7 8,237 7.0 62,752 60.8 8,230 7.0 62,565 60.9 8,057 6.8 62,704 60.8 8,285 7.0 62,725 60.8 8,222 6.9 62,772 60.9 8,243 6.9 62,688 60.9 7,949 6.7 62,961 61.1 8,023 6.7 62,793 61.2 7,967 6.7 62,649 61.1 7,854 6.6 62,957 61.3 7,500 6.3 63,009 61.6 7,546 6.3 62,540 61.4 7,260 6.1 63,187 61.6 7,224 6.0 62,933 77,195 60,277 78.1 56,562 78,523 61,320 78.1 57,569 78,586 61,355 78.1 57,544 78,634 61,219 77.9 57,585 78,722 61,412 78.0 57,607 78,802 61,409 77.9 57,595 78,874 61,703 78.2 57,883 78,973 61,826 78.3 58,101 79,132 61,948 78.3 58,227 79,216 61,973 78.2 58,325 79,303 61,983 78.2 58,410 79,387 61,976 78.1 58,567 79,474 62,156 78.2 58,721 79,536 62,057 78.0 58,620 79,625 62,116 78.0 58,793 73.3 2,278 54,284 3,715 6.2 73.3 2,292 55,277 3,751 6.1 73.2 2,275 55,269 3,811 6.2 73.2 2,185 55,400 3,634 5.9 73.2 2,286 55,321 3,805 6.2 73.1 2,297 55,298 3,814 6.2 73.4 2,303 55,580 3,820 6.2 73.6 2,289 55,812 3,725 6.0 73.6 2,254 55,974 3,720 6.0 73.6 2,300 56,024 3,648 5.9 73.7 2,411 55,999 3,573 5.8 73.8 2,411 56,155 3,409 5.5 73.9 2,441 56,280 3,436 5.5 73.7 2,307 56,313 3,437 5.5 73.8 2,343 56,450 3,323 5.4 86,506 47,283 54.7 44,154 87,567 48,589 55.5 45,556 87,629 48,879 55.8 45,869 87,689 48,950 55.8 45,956 87,779 48,920 55.7 45,905 87,856 49,014 55.8 46,020 87,933 49,043 55.8 46,067 88,016 48,923 55.6 46,058 88,150 49,161 55.8 46,261 88,237 49,348 55.9 46,475 88,321 49,355 55.9 46,498 88,395 49,466 56.0 46,751 88,464 49,774 56.3 47,094 88,546 49,714 56.1 47,126 88,632 49,971 56.4 47,288 51.0 596 43,558 3,129 6.6 52.0 614 44,943 3,032 6.2 52.3 607 45,262 3,010 6.2 52.4 622 45,334 2,994 6.1 52.3 614 45,291 3,015 6.2 52.4 612 45,408 2,994 6.1 52.4 675 45,392 2,976 6.1 52.3 621 45,437 2,865 5.9 52.5 628 45,633 2,900 5.9 52.7 641 45,835 2,873 5.8 52.6 589 45,909 2,857 5.8 52.9 587 46,164 2,715 5.5 53.2 634 46,460 2,680 5.4 53.2 615 46,512 2,588 5.2 53.4 619 46,669 2,683 5.4 14,506 7,901 54.5 6,434 14,496 7,926 54.7 6,472 14,467 7,883 54.5 6,474 14,505 7,955 54.8 6,526 14,496 7,940 54.8 6,475 14,527 7,991 55.0 6,577 14,557 7,929 54.5 6,482 14,558 7,837 53.8 6,478 14,545 7,926 54.5 6,524 14,546 8,028 55.2 6,582 14,555 7,884 54.2 6,460 14,562 7,894 54.2 6,518 14,595 8,063 55.2 6,633 14,621 7,746 53.0 6,511 14,628 7,865 53.8 6,647 44.4 305 6,129 1,468 18.6 44.6 258 6,215 1,454 18.3 44.8 242 6,232 1,409 17.9 45.0 250 6,276 1,429 18.0 44.7 242 6,233 1,465 18.5 45.3 253 6,324 1,414 17.7 44.5 237 6,245 1,447 18.2 44.5 251 6,227 1,359 17.3 44.9 264 6,260 1,402 17.7 45.2 295 6,287 1,446 18.0 44.4 284 6,176 1,424 18.1 44.8 292 6,226 1,376 17.4 45.4 261 6,372 1,430 17.7 44.5 257 6,254 1,235 15.9 45.4 258 6,389 1,218 15.5 155,432 155,502 101,801 102,015 65.6 65.5 95,660 95,861 155,604 102,122 65.6 96,177 155,723 102,158 65.6 96,000 155,856 102,297 65.6 96,147 155,979 102,455 65.7 96,281 156,111 102,503 65.7 96,533 156,313 102,746 65.7 96,717 156,431 102,893 65.8 96,995 156,561 102,797 65.7 96,998 156,676 102,894 65.7 97,340 156,811 156,930 103,573 103,106 65.7 66.1 98,050 97,716 157,058 103,272 65.8 97,958 M en, 20 y e a rs an d o v e r Civilian noninstitutional population1 .................................... Civilian labor force....................... Participation rate .................. Employed................................... Employment-population ratio2 .................................... Agriculture............................... Nonagricultural industries....... Unemployed............................... Unemployment rate.............. W o m e n , 20 y e a rs o n d o v e r Civilian noninstitutional population1 .................................... Civilian labor force....................... Participation rate .................. Employed................................... Employment-population ratio2 .................................... Agriculture............................... Nonagricultural industries....... Unemployed............................... Unemployment rate.............. B o th s ex es, 16 to 19 y e a rs Civilian noninstitutional population1.................................... Civilian labor force....................... Participation rate .................. Employed................................... Employment-population ratio2 .................................... Agriculture............................... Nonagricultural industries....... Unemployed............................... Unemployment rate.............. W hite Civilian noninstitutional population1 .................................... Civilian labor force....................... Participation rate .................. Employed ................................... Employment-population ratio2 .................................... Unemployed............................... Unemployment rate.............. 153,679 99,926 65.0 93,736 61.0 6,191 6.2 61.5 6,140 6.0 61.6 6,154 6.0 61.8 5,945 5.8 61.6 6,158 6.0 61.7 6,150 6.0 61.7 6,174 6.0 61.8 5,970 5.8 61.9 6,029 5.9 62.0 5,898 5.7 62.0 5,799 5.6 62.1 5,554 5.4 62.5 5,524 5.3 62.3 5,390 5.2 62,4 5,314 5.1 19,664 12,364 62.9 10,501 19,989 12,654 63.3 10,814 20,002 12,611 63.0 10,822 20,028 12,553 62.7 10,716 20,056 12,652 63.1 10,799 20,089 12,720 63.3 10,895 20,120 12,719 63.2 10,910 20,152 12,707 63.1 10,968 20,187 12,831 63.6 10,997 20,218 12,957 64.1 11,101 20,249 12,844 63.4 11,053 20,279 12,743 62.8 11,090 20,312 12,860 63.3 11,080 20,341 12,863 63.2 11,223 20,373 13,047 64.0 11,401 53.4 1,864 15.1 54.1 1,840 14.5 54.1 1,789 14.2 53.5 1,837 14.6 53.8 1,853 14.6 54.2 1,825 14.3 54.2 1,809 14.2 54.4 1,739 13.7 54.5 1,833 14.3 54.9 1,855 14.3 54.6 1,791 13.9 54.7 1,653 13.0 54.6 1,779 13.8 55.2 1,640 12.7 56.0 1,647 12.6 Black Civilian noninstitutional population1 .................................... Civilian labor force....................... Participation rate .................. Employed................................... Employment-population ratio2 ................................... Unemployed............................... Unemployment rate.............. See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 91 M O N T H L Y L A B O R R E V IE W S ep tem b er 1987 Current Labor Statistics: • Employment D ata 5. Continued— Employment status of the civilian population, by sex, age, race and Hispanic origin, monthly data seasonally adjusted (Numbers in thousands) 1986 Annual average Employment status 1985 1986 May 11,915 7,698 64.6 6,888 12,344 8,076 65.4 7,219 12,290 8,006 65.1 7,136 57.8 811 10.5 58.5 857 10.6 58.1 870 10.9 July Aug. 12,326 8,085 65.6 7,224 12,362 8,121 65.7 7,269 12,397 8,130 65.6 7,248 58.6 861 10.6 58.8 852 10.5 58.5 882 June May Oct. Nov. Dec. Jan. Feb. Mar. Apr. 12,432 8,179 65.8 7,286 12,469 8,200 65.8 7,345 12,505 8,226 65.8 7,437 12,540 8,320 66.3 7,446 12,653 8,431 66.6 7,538 12,692 8,457 66.6 7,644 12,732 8,392 65.9 7,639 12,848 8,452 65.8 7,730 12,887 8,411 65.3 7,744 58.6 893 10.9 58.9 855 10.4 59.5 789 9.6 59.4 874 10.5 59.6 893 10.6 60.2 813 9.6 60.0 753 9.0 60.2 722 8.5 60.1 667 7.9 Sept. H ispanic origin Civilian noninstitutional population'.......................... Civilian labor force.............. Participation rate ........ Employed......................... Employment-population ratio2 .......................... Unemployed..................... Unemployment rate..... 10.8 1 The population figures are not seasonally adjusted. 2 Civilian employment as a percent of the civilian noninstitutional population. NOTE: Detail for the above race and Hispanic-origin groups will not sum to totals 6. because data for the “other races” groups are not presented and Hispanics are included in both the white and black population groups. Selected employment indicators, monthly data seasonally adjusted (In thousands) 1987 1986 Annual average Selected categories 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July C H A R A C T E R IS T IC Civilian employed, 16 years and over............................................. M en.......................................... Women ..................................... Married men, spouse present .. Married women, spouse present.................................... Women who maintain families . 107,150 59,891 47,259 39,248 109,597 109,887 60,892 60,884 48,706 49,003 39,658 39,634 110,067 60,942 49,125 39,735 109,987 60,968 49,019 39,691 110,192 60,975 49,217 39,780 110,432 61,241 49,191 39,952 110,637 61,393 49,244 40,093 111,011 61,596 49,415 40,102 111,382 61,751 49,631 39,913 111,368 61,707 49,661 40,100 111,835 61,842 49,993 39,967 112,447 61,996 50,451 40,029 112,257 112,727 61,912 62,154 50,345 50,574 40,057 40,241 26,336 5,597 27,144 5,837 27,474 5,812 27,388 5,832 27,249 5,926 27,323 6,016 27,333 6,041 27,400 6,005 27,525 5,985 27,817 5,906 27,965 5,933 28,213 5,972 28,495 5,921 28,458 5,939 28,426 6,013 1,535 1,458 185 1,547 1,447 169 1,504 1,434 171 1,509 1,387 174 1,521 1,460 159 1,562 1,451 164 1,582 1,425 198 1,621 1,400 152 1,650 1,370 136 1,647 1,454 126 1,739 1,418 150 1,589 1,505 175 1,695 1,442 170 1,614 1,386 165 1,619 1,429 154 95,871 16,031 79,841 1,249 78,592 7,811 289 98,299 16,342 81,957 1,235 80,722 7,881 255 98,312 16,582 81,730 1,241 80,489 8,019 258 98,586 16,446 82,140 1,247 80,893 7,956 271 98,692 16,333 82,359 1,229 81,130 7,939 275 98,846 16,264 82,582 1,216 81,366 7,993 265 98,869 16,457 82,412 1,183 81,229 8,179 252 99,164 16,443 82,721 1,189 81,532 8,056 239 99,550 16,412 83,138 1,269 81,869 8,192 246 99,748 16,532 83,216 1,204 82,012 8,187 255 99,834 16,568 83,265 1,227 82,038 8,050 273 100,112 16,484 83,628 1,266 82,362 8,117 268 5,590 2,430 2,819 13,489 5,588 2,456 2,800 13,935 5,442 2,473 2,661 13,967 5,471 2,417 2,741 13,981 5,544 2,472 2,772 13,922 5,740 2,481 2,826 14,178 5,563 2,510 2,714 14,021 5,596 2,444 2,867 13,877 5,505 2,473 2,695 14,170 5,780 2,535 2,828 14,061 5,456 2,440 2,698 14,167 5,391 2,322 2,746 13,862 5,282 2,223 2,665 14,573 5,184 2,317 2,579 15,054 5,508 2,456 2,722 14,422 5,334 2,273 2,730 13,038 5,345 2,305 2,719 13,502 5,222 2,317 2,609 13,578 5,269 2,283 2,678 13,606 5,303 2,314 2,710 13,520 5,450 2,314 2,739 13,736 5,319 2,366 2,626 13,567 5,342 2,286 2,765 13,455 5,201 2,281 2,599 13,750 5,459 2,340 2,742 13,597 5,164 2,218 2,595 13,682 5,110 2,137 2,662 13,399 4,918 5,029 2,155 2,071 2,477 2,594 14,069 14,485 5,235 2,295 2,634 13,946 M A JO R IN D U S TR Y A N D C LA SS OF W ORKER Agriculture: Wage and salary workers....... Self-employed workers............ Unpaid family workers............. Nonagricultural industries: Wage and salary workers....... Government.......................... Private industries................... Private households............. Other ................................... Self-employed workers............ Unpaid family workers............. 100,834 100,420 100,838 16,710 16,956 16,931 84,124 83,464 83,907 1,146 1,224 1,266 82,858 82,318 82,683 8,328 8,205 8,142 274 268 275 PE R S O N S A T W O R K P A R T T IM E ' All industries: Part time for economic reasons . Slack work ............................... Could only find part-time work Voluntary part time .................... Nonagricultural industries: Part time for economic reasons . Slack work ............................... Could only find part-time work Voluntary part tim e.................... 1 Excludes persons “with a job but not at work” during the survey period for such reasons as vacation, illness, or industrial disputes. 92 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7. Selected unemployment indicators, monthly data seasonally adjusted (Unemployment rates) Annual average 1987 1986 Selected categories 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Total, all civilian workers......................................... Both sexes, 16 to 19 years................................ Men, 20 years and over.................................... Women, 20 years and over................................ 7.2 18.6 6.2 6.6 7.0 18.3 6.1 6.2 7.0 ' 17.9 6.2 6.2 6.8 18.0 5.9 6.1 7.0 18.5 6.2 6.2 6.9 17.7 6.2 6.1 6.9 18.2 6.2 6.1 6.7 17.3 6.0 5.9 6.7 17.7 6.0 5.9 6.7 18.0 5.9 5.8 6.6 18.1 5.8 5.8 6.3 17.4 5.5 5.5 6.3 17.7 5.5 5.4 6.1 15.9 5.5 5.2 6.0 15.5 5.4 5.4 White, total......................................................... Both sexes, 16 to 19 years............................. Men, 16 to 19 years ................................... Women, 16 to 19 years.............................. Men, 20 years and over .................................. Women, 20 years and over............................. 6.2 15.7 16.5 14.8 5.4 5.7 6.0 15.6 16.3 14.9 5.3 5.4 6.0 15.2 15.6 14.7 5.4 5.3 5.8 15.4 16.6 14.2 5.1 5.2 6.0 15.9 16.6 15.1 5.4 5.3 6.0 15.4 15.7 15.2 5.4 5.2 6.0 16.0 16.3 15.7 5.4 5.2 5.8 15.1 15.5 14.6 5.3 5.0 5.9 15.0 16.1 13.8 5.3 5.1 5.7 15.2 16.0 14.3 5.2 4.9 5.6 15.5 17.1 13.9 5.1 4.8 5.4 14.9 16.7 13.1 4.8 4.6 5.3 15.2 17.3 13.1 4.7 4.5 5.2 13.6 14.5 12.7 4.9 4.4 5.1 13.0 13.0 13.0 4.7 4.5 Black, total ......................................................... Both sexes, 16 to 19 years............................. Men, 16 to 19 years................................... Women, 16 to 19 years.............................. Men, 20 years and over .................................. Women, 20 years and over............................. 15.1 40.2 41.0 39.2 13.2 13.1 14.5 39.3 39.3 39.2 12.9 12.4 14.2 38.0 40.5 35.0 12.9 12.1 14.6 40.3 38.8 41.9 13.2 12.5 14.6 38.4 38.6 38.3 13.4 12.4 14.3 35.8 37.8 33.8 13.1 12.4 14.2 36.0 35.0 37.0 12.9 12.5 13.7 36.5 36.1 36.9 11.8 12.3 14.3 39.5 36.5 43.2 12.2 12.8 14.3 38.9 38.3 39.5 12.0 12.9 13.9 37.6 36.5 38.8 11.5 13.0 13.0 38.0 39.3 36.5 10.9 11.5 13.8 39.0 40.3 37.6 12.5 11.6 12.7 33.3 31.5 35.1 11.5 11.1 12.6 31.5 31.5 31.4 11.3 11.4 Hispanic origin, total........................................... 10.5 10.6 10.5 10.8 10.9 10.4 9.6 10.5 10.6 9.6 9.0 9.2 8.7 8.5 7.9 Married men, spouse present............................ Married women, spouse present....................... Women who maintain families........................... Full-time workers................................................ Part-time workers ............................................... Unemployed 15 weeks and over....................... Labor force time lost1 ........................................ 4.3 5.6 10.4 6.8 9.3 2.0 8.1 4.4 5.2 9.8 6.6 9.1 1.9 7.9 4.4 5.2 9.5 6.6 9.2 1.9 7.8 4.2 5.1 10.1 6.4 9.3 1.9 7.7 4.3 5.1 9.8 6.6 9.3 2.0 7.9 4.6 5.0 8.9 6.6 9.2 1.8 7.8 4.5 5.0 9.7 6.6 9.1 1.9 7.7 4.3 4.8 9.8 6.3 8.8 1.8 7.6 4.2 4.8 9.8 6.4 9.0 1.8 7.6 4.2 4.8 9.5 6.3 8.7 1.8 7.6 4.1 4.5 9.7 6.2 9.2 1.7 7.4 4.1 4.4 9.3 5.9 8.6 1.7 7.3 3.9 4.1 9.6 5.9 8.7 1.8 7.2 4.0 4.0 9.7 5.9 6.9 1.7 7.1 3.8 4.2 9.4 5.7 7.9 1.6 6.9 7.2 9.5 13.1 7.7 7.6 7.8 5.1 7.6 5.6 3.9 13.2 7.0 13.5 13.1 7.1 6.9 7.4 5.1 7.6 5.5 3.6 12.5 7.1 16.6 13.0 6.9 6.7 7.2 5.5 7.8 5.7 3.3 11.4 6.9 16.6 12.4 6.9 6.8 6.9 4.8 7.5 5.6 3.3 13.3 7.0 13.9 12.9 7.0 6.5 7.7 4.7 7.6 5.6 3.5 12.9 7.0 14.5 13.8 7.3 7.2 7.3 5.2 7.4 5.4 3.7 11.9 7.0 14.5 15.1 7.1 6.6 7.9 4.4 7.2 5.4 3.6 10.1 6.8 14.1 13.7 6.9 6.4 7.7 4.6 7.2 5.1 3.3 11.5 6.7 14.0 12.2 6.8 6.8 6.8 4.8 7.5 5.2 3.6 11.6 6.6 12.4 11.6 6.8 6.8 6.9 4.0 7.2 5.4 3.7 11.2 6.5 9.3 12.5 6.9 6.7 7.3 4.6 7.3 4.9 3.4 10.7 6.2 11.1 11.9 6.2 6.2 6.2 4.8 7.0 4.7 3.6 9.0 6.3 12.9 12.1 6.4 6.3 6.6 4.4 6.9 4.8 3.3 8.7 6.2 10.8 11.6 5.6 5.3 6.0 5.0 7.2 4.8 3.4 8.8 6.1 7.8 10.7 6.0 6.1 5.9 4.4 6.8 5.1 3.4 11.3 C H A R A C T E R IS T IC IN D U S TR 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 .................... 1 Aggregate hours lost by the unemployed and persons on part time for economic reasons as a percent of potentially available labor force hours. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 93 M O N T H L Y L A B O R R E V IE W S ep tem b er 1987 Current Labor Statistics: • Employment D ata 8. Unemployment rates by sex and age, monthly data seasonally adjusted (Civilian workers) Annual average Sex and age 1986 1985 1987 1986 Jan. Dec. Nov. Oct. Sept. Aug. July May Apr. Mar. Feb. June Total, 16 years and over.... 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....... 7.2 13.6 18.6 21.0 17.0 11.1 5.6 5.8 4.1 7.0 13.3 18.3 20.2 17.0 10.7 5.4 5.7 3.9 7.0 13.2 17.9 19.8 16.2 10.8 5.4 5.7 3.8 6.8 12.9 18.0 19.8 16.8 10.3 5.4 5.7 3.7 7.0 13.6 18.5 20.0 17.2 11.1 5.4 5.6 4.0 6.9 13.0 17.7 19.3 16.5 10.5 5.5 5.7 4.1 6.9 12.9 18.2 20.6 16.7 10.2 5.5 5.8 3.8 6.7 12.9 17.3 18.8 16.3 10.7 5.2 5.5 3.5 6.7 13.1 17.7 20.1 16.2 10.7 5.2 5.6 3.2 6.7 13.1 18.0 20.3 16.6 10.5 5.1 5.5 3.0 6.6 12.9 18.1 20.0 16.5 10.2 5.1 5.4 3.4 6.3 12.6 17.4 19.2 16.3 10.1 4.8 5.0 3.4 6.3 12.6 17.7 21.4 15.0 9.8 4.8 5.0 3.7 6.1 12.2 15.9 18.8 13.7 10.2 4.6 4.9 3.2 Men, 16 years and over 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.. 7.0 14.1 19.5 21.9 17.9 11.4 5.3 5.6 4.1 6.9 13.7 19.0 20.8 17.7 11.0 5.4 5.6 4.1 7.0 13.6 18.4 20.3 16.7 11.1 5.4 5.7 4.0 6.8 13.3 19.1 20.9 18.0 10.3 5.3 5.6 4.1 7.0 14.3 19.1 21.0 17.5 11.9 5.4 5.5 4.2 7.0 13.2 18.2 19.8 17.0 10.7 5.5 5.7 4.4 6.9 13.4 18.3 21.3 16.2 10.9 5.5 5.7 4.1 6.7 13.4 17.8 19.1 17.0 11.3 5.2 5.5 4.0 6.8 13.4 18.5 21.4 16.9 10.7 5.4 5.7 3.5 6.7 13.6 18.6 21.2 17.0 11.1 5.1 5.4 3.3 6.6 13.2 19.3 20.2 18.6 10.1 5.1 5.4 3.6 6.3 13.2 19.2 21.5 17.5 10.1 4.8 5.0 3.7 6.4 13.4 20.0 23.2 17.7 10.0 4.9 5.1 4.1 6.2 12.6 7.4 13.0 17.6 20.0 16.0 10.7 5.9 6.2 4.1 7.1 12.8 17.6 19.6 16.3 10.3 5.5 5.9 3.6 7.0 12.7 17.3 19.2 15.6 10.4 5.4 5.8 3.6 6.9 12.4 16.7 18.7 15.4 10.2 5.4 5.8 3.3 7.0 12.8 17.7 18.8 16.9 10.2 5.5 5.8 3.6 6.9 12.7 17.2 18.6 16.0 10.3 5.4 5.7 3.6 6.9 12.4 18.2 19.8 17.2 9.4 5.5 5.8 3.4 6.7 12.4 16.8 18.4 15.7 10.0 5.2 5.5 2.9 6.7 12.7 16.8 18.7 15.3 10.6 5.1 5.5 2.7 6.7 12.4 17.4 19.2 16.1 9.8 5.1 5.6 2.6 6.6 12.5 16.7 19.7 14.2 10.3 5.0 5.4 3.2 6.2 12.0 15.6 16.7 15.1 10.1 4.7 5.0 3.0 6.1 11.7 15.4 19.6 12.4 9.7 4.7 4.9 3.0 5.9 11.7 15.4 18.9 13.0 9.7 4.4 4.7 2.8 Women, 16 years and over. 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...... 16.4 18.7 14.4 10.7 4.7 5.0 3.4 July 6.0 11.7 15.5 17.1 13.9 9.8 4.7 5.0 3.1 6.0 11.9 15.5 16.6 13.8 10.0 4.7 4.9 3.4 6.1 11.6 15.4 17.7 14.0 9.5 4.7 5.0 2.6 9. Unemployed persons by reason for unemployment, monthly data seasonally adjusted (Numbers in thousands) 1986 1985 1987 1986 Annual average Reason for unemployment Aug. July Mar. Feb. Jan. Dec. Nov. Oct. Sept. Apr. May June July 3,732 958 2,774 923 1,940 911 3,611 906 2,705 906 2,018 1,018 3,565 3,522 1,969 1,007 1,913 801 4,139 1,157 2,982 877 2,256 1,039 4,033 1,090 2,943 1,015 2,160 1,029 4,063 1,078 2,985 1,025 2,205 989 3,824 1,017 2,807 990 2,199 1,014 4,044 1,029 3,015 1,041 2,145 1,038 3,984 1,072 2,912 1,027 2,190 972 3,947 1,073 2,874 1,056 2,119 1,076 3,890 1,078 2,812 1,036 2,019 1,015 3,971 1,118 2,854 891 2,054 1,084 3,839 998 2,842 1,046 2,042 1,040 3,822 1,011 2,811 1,000 2,111 956 49.8 13.9 35.9 10.6 27.1 12.5 48.9 13.2 35.7 12.3 26.2 12.5 49.1 13.0 36.0 12.4 26.6 11.9 47.6 12.7 35.0 12.3 27.4 12.6 48.9 12.4 36.5 12.6 25.9 12.6 48.7 13.1 35.6 12.6 26.8 11.9 48.1 13.1 35.1 12.9 25.8 13.1 48.9 13.5 35.3 13.0 25.4 12.8 49.6 14.0 35.7 11.1 25.7 13.6 48.2 12.5 35.7 13.1 25.6 13.1 48.4 12.8 35.6 12.7 26.8 12.1 49.7 12.8 37.0 12.3 25.8 12.1 47.8 12.0 35.8 12.0 26.7 13.5 49.0 12.4 36.6 13.0 48.6 12.7 36.0 13.9 3.6 .8 2.0 .9 3.4 .9 1.8 .9 3.4 .9 1.9 .8 3.2 .8 1.9 .9 3.4 .9 1.8 .9 3.4 .9 1.8 .8 3.3 .9 1.8 .9 3.3 .9 1.7 .9 3.3 .7 1.7 .9 3.2 .9 1.7 .9 3.2 .8 1.8 .8 3.1 .8 1.6 .8 3.0 .8 1.7 .8 3.0 .8 1.6 .7 2.9 .8 1.6 .7 2,664 P E R C E N T O F U N E M P LO Y E D On layoff............................................................. Other job losers.................................................. P E R C E N T OF C IV IL IA N LA BO R FO RC E ___ 10. Duration of unemployment, monthly data seasonally adjusted (Numbers in thousands) Annual average Weeks of unemployment 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 3,143 2,232 2,075 1,025 1,049 3,349 2,118 2,101 1,003 1,098 3,085 2,114 2,055 998 1,057 3,168 2,141 1,907 945 962 14.9 7.0 14.9 6.5 14.8 6.7 14.0 6.7 Less than 5 weeks......... 5 to 14 weeks ................. 15 weeks and over......... 15 to 26 weeks ............ 27 weeks and over...... 3,498 2,509 2,305 1,025 1,280 3,448 2,557 2,232 1,045 1,187 3,399 2,521 2,250 1,058 1,192 3,436 2,407 2,272 1,068 1,204 3,415 2,524 2,373 1,110 1,263 3,418 2,563 2,168 950 1,218 3,382 2,613 2,217 1,045 1,172 3,355 2,389 2,171 1,023 1,148 3,416 2,530 2,200 1,022 1,178 3,361 2,477 2,131 1,008 1,123 3,383 2,447 2,050 945 1,105 Mean duration in weeks ... Median duration in weeks 15.6 6.8 15.0 6.9 15.1 7.1 15.6 7.1 15.5 7.1 15.2 7.0 14.8 7.0 15.0 7.1 15.0 7.0 14.6 6.6 14.9 6.6 94 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11. Unemployment rates of civilian workers by State, data not seasonally adjusted State June 1986 June 1987 California...................................................... 10.1 10.9 75 86 6.5 7.7 11.2 70 81 5.4 Florida.......................................................... 73 37 43 7.5 6.0 8.0 3.2 31 63 5.3 June 1986 June 1987 7.6 4.6 5.4 2.6 6.0 4.7 5.7 2.5 5.0 9.6 6.0 5.5 6.1 4.1 8.9 4.6 4.9 4.2 Ohio ............................................................ 8.7 8.5 7.9 7.3 3.9 7.3 7.6 5.5 6.2 3.9 South Carolina............................................ 6.4 4.1 8.0 11.1 5.8 5.9 3.9 6.8 9.6 6.5 4.6 5.2 7.9 11.2 6.6 3.3 4.6 7.3 9.1 5.5 8.3 7.3 State New Jersey................................................. Indiana ......................................................... 60 55 85 84 6.3 51 43 70 78 6.2 Maine....................................... .................... 64 54 90 14 0 4.9 45 46 91 11.2 4.0 New York.................................................... North Dakota.............................................. Utah ............................................................ Vermont...................................................... Mississippi.................................................... 44 37 94 4.9 12.7 58 42 31 89 48 9.8 60 NOTE: Some data in this table may differ from data published elsewhere because of the continual updating of the 12. Washington ................................................ database, Employment of workers on nonagricultural payrolls by State, data not seasonally adjusted (In thousands) State Arkansas ...................................................... June 1986 1,465.3 228.1 1,327.3 814.4 11,303.1 May 1987 1,486.3 217.2 1,373.7 837.3 11,606.4 June 1987 p State 1,489.7 218.6 1,351.5 834.2 11,671.8 New Mexico................................................ Delaware...................................................... District of Columbia..................................... Hawaii........................................................... Idaho............................................................ Illinois ........................................................... Louisiana...................................................... Minnesota.................................................... 1,416.0 1,618.8 308.5 639.2 4,564.0 1,402.6 1,648.8 315.5 646.5 4,796.2 2,675.8 437.3 337.3 4,778.3 2,226.6 2,752.6 450.9 341.2 4,852.9 2,315.2 1,083.8 988.5 1.278.2 1.518.2 488.1 1,112.9 999 5 1,311.6 1,491.3 493.9 1,977.6 3,011.9 3,652.0 1,916.4 847.5 2,141.9 284.5 2,000.8 3.057.9 3,704.7 1.947.9 863 5 2,165.7' 278.6 1,407.4 1,662.8 318.3 North Dakota .............................................. 648.9 4,787.1 Oklahoma................................................... 2,755.9 451.0 Pennsylvania............................................... 343.6 Rhode Island............................................... 4,874.6 2,303.1 South Dakota.............................................. 1,110.1 1,000.0 1,309.1 Utah ............................................................ 1,489.3 505.9 Virginia........................................................ 2.004.5 3.083.0 3.717.6 1.962.1 856.1 2,158.6 279.5 p = preliminary NOTE: Some data in this table may differ from data published elsewhere https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis June 1986 May 1987 June 1987 p 658.2 470.7 498.0 667.0 499.0 500.4 665.8 501.6 508.3 3,528.6 528.4 7,969.7 2,743.5 252.6 3,575.9 535.3 8,094.5 2,823.1 252.8 3,623.9 537.7 8,159.7 2,838.6 253.5 4,510.9 1,145.6 1,071.9 4,826.4 444.9 4,600.3 1,132.9 1.094.5 4.921.5 451.2 4,613.6 1,134.5 1,109.9 4,953.7 451.0 1,344.9 259.1 1,925.7 6,568.7 637.1 1,389.8 256.2 2.011.4 6.504.4 642.0 1,393.0 260.2 2,013.9 6,505.4 645.0 234.3 2,585.0 1,790.1 600.5 2,042.2 235.8 2,631.4 1,831.0 603.4 2,058.5 238.8 2,656.0 1,849.0 603.8 2,089.3 204.1 738.4 37.0 192.7 735.2 37.6 198.6 775.1 37.5 because of the continual updating of the database. 95 MONTHLY LABOR REVIEW 13. September 1987 • Current Labor Statistics: Employment Data Employment of workers on nonagricultural payrolls by industry, monthly data seasonally adjusted (In thousands) 1987 1986 Annual average Industry 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Junep July* T O T A L ............................................... P R IV A T E SE C TO R .......................... 97,519 81,125 99,610 82,900 99,601 82,991 99,772 83,125 100,039 83,241 100,209 83,337 100,415 83,515 100,567 83,643 100,919 83,983 101,150 84,215 101,329 84,352 101,598 84,560 101,708 84,677 101,811 84,769 102,115 85,008 G O O D S -P R O D U C IN G ........................ 24,859 927 583 24,681 783 457 24,628 764 439 24,639 748 428 24,620 739 419 24,611 735 416 24,630 730 412 24,630 724 406 24,708 718 405 24,743 719 406 24,749 722 408 24,759 729 416 24,752 735 420 24,775 737 425 24,849 742 430 General building contractors...... 4,673 1,253 4,904 1,293 4,924 1,290 4,946 1,295 4,948 1,291 4,942 1,289 4,946 1,289 4,936 1,277 5,034 1,311 5,038 1,309 5,032 1,291 5,019 1,272 4,999 1,267 5,010 1,266 5,009 1,267 Production workers .................... 19,260 13,092 18,994 12,895 18,940 12,843 18,945 12,857 18,933 12,851 18,934 12,849 18,954 12,879 18,970 12,906 18,956 12,884 18,986 12,916 18,995 12,925 19,011 12,939 19,018 12,946 19,028 12,967 19,098 13,028 11,490 7,644 11,244 7,432 11,199 7,386 11,206 7,399 11,181 7,382 11,169 7,369 11,174 7,385 11,175 7,393 11,157 7,370 11,179 7,398 11,176 7,399 11,175 7,406 11,175 7,409 11,179 7,423 11,194 7,432 697 494 588 808 711 497 586 753 704 497 584 745 712 499 584 735 716 499 584 732 718 499 581 733 723 499 582 733 728 499 584 733 731 500 586 726 733 501 588 733 734 502 586 739 736 504 586 743 738 509 584 742 736 510 582 746 743 519 582 748 303 1,465 275 1,431 278 1,423 265 1,423 260 1,424 262 1,421 260 1,419 259 1,422 254 1,422 261 1,419 266 1,419 272 1,423 272 1,420 275 1,423 275 1,426 2,174 2,060 2,056 2,051 2,031 2,022 2,015 2,011 2,007 2,018 2,015 2,022 2,025 2,030 2,037 2,197 1,980 884 720 2,123 2,015 865 707 2,124 2,004 848 703 2,123 2,016 861 703 2,118 2,015 857 703 2,120 2,013 850 702 2,119 2,023 858 700 2,118 2,018 853 698 2,111 2,014 851 697 2,106 2,022 859 695 2,099 2,022 854 694 2,092 2,011 847 694 2,087 2,011 843 693 2,080 2,012 843 693 2,087 1,987 805 695 367 362 359 360 359 360 361 364 363 364 366 364 366 367 370 7,770 5,449 7,750 5,463 7,741 5,457 7,739 5,458 7,752 5,469 7,765 5,480 7,780 5,494 7,795 5,513 7,799 5,514 7,807 5,518 7,819 5,526 7,836 5,533 7,843 5,537 7,849 5,544 7,904 5,596 1,603 64 702 1,617 59 705 1,619 59 706 1,616 58 707 1,619 58 707 1,621 58 709 1,627 59 714 1,631 58 715 1,628 58 718 1,630 58 722 1,635 57 725 1,642 56 724 1,633 57 727 1,633 57 730 1,645 58 736 1,121 678 1,106 674 1,103 673 1,102 671 1,102 675 1,104 677 1,101 678 1,110 679 1,106 678 1,101 679 1,103 678 1,104 677 1,107 677 1,108 676 1,127 677 1,428 1,044 179 1,457 1,023 169 1,459 1,022 168 1,462 1,021 168 1,465 1,021 167 1,469 1,020 166 1,472 1,020 165 1,474 1,017 163 1,479 1,018 164 1,483 1,018 164 1,485 1,017 164 1,493 1,018 164 1,497 1,022 164 1,498 1,025 164 1,504 1,025 164 786 165 790 151 783 149 786 148 791 147 794 147 797 147 800 148 803 147 805 147 807 148 809 149 809 150 809 149 815 153 72,660 74,930 74,973 75,133 75,419 75,598 75,785 75,937 76,211 76,407 76,580 76,839 76,956 77,036 77,266 5,238 3,003 5,244 3,041 5,237 3,029 5,202 3,035 5,255 3,050 5,251 3,053 5,278 3,071 5,286 3,078 5,304 3,089 5,315 3,097 5,333 3,112 5,348 3,124 5,344 3,120 5,351 3,129 5,344 3,126 2,235 2,203 2,208 2,167 2,205 2,198 2,207 2,208 2,215 2,218 2,221 2,224 2,224 2,222 2,218 5,717 3,388 2,329 5,735 3,383 2,351 5,735 3,385 2,350 5,736 3,382 2,354 5,736 3,383 2,353 5,731 3,379 2,352 5,728 3,380 2,348 5,725 3,383 2,342 5,741 3,386 2,355 5,757 3,391 2,366 5,766 3,397 2,369 5,772 3,397 2,375 5,775 3,401 2,374 5,780 3,405 2,375 5,790 3,412 2,378 17,356 2,324 2,775 17,845 2,363 2,873 17,866 2,367 2,882 17,913 2,371 2,889 17,939 2,374 2,892 17,980 2,385 2,901 18,009 2,379 2,906 18,007 2,363 2,916 18,080 2,358 2,929 18,140 2,373 2,940 18,136 2,380 2,944 18,197 2,385 2,953 18,205 2,390 2,956 18,217 2,386 2,960 18,278 2,406 2,968 1,890 5,709 1,943 5,879 1,943 5,887 1,949 5,904 1,958 5,911 1,960 5,919 1,963 5,927 1,970 5,938 1,978 5,946 1,979 5,956 1,979 5,964 1,978 5,962 1,978 5,976 1,981 5,981 1,982 5,986 5,955 2,977 1,833 1,146 6,297 3,152 1,945 1,200 6,323 3,167 1,952 1,204 6,351 3,183 1,961 1,207 6,374 3,193 1,971 1,210 6,395 3,204 1,980 1,211 6,418 3,212 1,990 1,216 6,451 3,227 1,999 1,225 6,480 3,235 2,012 1,233 6,501 3,243 2,016 1,242 6,526 3,256 2,022 1,248 6,558 3,272 2,032 1,254 6,576 3,276 2,037 1,263 6,595 3,287 2,039 1,269 6,614 3,294 2,044 1,276 22,000 4,457 6,299 23,099 4,781 6,551 23,202 4,798 6,563 23,284 4,815 6,594 23,317 4,835 6,615 23,369 4,861 6,644 23,452 4,877 6,661 23,544 4,912 6,691 23,670 4,950 6,721 23,759 4,984 6,748 23,842 5,020 6,773 23,926 5,044 6,800 24,025 5,083 6,822 24,051 5,085 6,851 24,133 5,101 6,884 16,394 2,875 3,832 9,687 16,711 2,899 3,888 9,923 16,610 2,872 3,881 9,857 16,647 2,882 3,881 9,884 16,798 2,902 3,890 10,006 16,872 2,897 3,907 10,068 16,900 2,900 3,915 10,085 16,924 2,904 3,927 10,093 16,936 2,912 3,929 10,095 16,935 2,916 3,927 10,092 16,977 2,922 3,930 10,125 17,038 2,933 3,943 10,162 17,031 2,935 3,947 10,149 17,042 2,938 3,935 10,169 17,107 2,937 3,951 10,219 Oil and gas extraction ................ C o n s tru c tio n ....................................... D u ra ble g o o d s .................................. Production workers .................... 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 Transportation equipment............ Motor vehicles and equipment .... Instruments and related products Miscellaneous manufacturing industries.................................... N o n d u rab le g o o d s .......................... Production workers..................... Textile mill products ................... Apparel and other textile products..................................... Paper and allied products .......... Chemicals and allied products.... Petroleum and coal products..... Rubber and mise, plastics Leather and leather products ..... S E R V IC E -P R O D U C IN G ................... T ra n s p o rta tio n and public Transportation............................. Communication and public utilities........................................ General merchandise stores...... Food stores................................. Automotive dealers and service Eating and drinking places......... Finance, insurance, and real Local........................................... = preliminary NOTE: See notes on the data for a description of the most recent benchmark revision. p Digitized for 96FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 14. Average weekly hours of production or nonsupervisory workers on private nonagricultural payrolls by industry, monthly data seasonally adjusted Annual average 1986 1987 Industry 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May JuneP July" P R IV A TE S E C TO R ................................................... 34.9 34.8 34.7 34.7 34.7 34.7 34.8 34.6 34.7 34.9 34.8 34.7 34.9 34.8 34.7 M A N U F A C T U R IN G .......................................................... 40.5 3.3 40.7 3.4 40.6 3.5 40.8 3.5 40.8 3.5 40.7 3.5 40.8 3.5 40.8 3.6 40.9 3.6 41.1 3.6 40.9 3.6 40.6 3.5 41.0 3.8 41.0 3.7 41.0 3.8 Overtime h o u rs ................................................... Lumber and wood p ro d u c ts ................................... Furniture and fix tu re s .............................................. Stone, clay, and glass p ro d u c ts............................ Primary metal industries ......................................... Blast furnaces and basic steel p ro d u c ts .......... Fabricated metal products ..................................... 41.2 3.5 39.9 39.4 41.9 41.5 41.1 41.3 41.3 3.5 40.3 39.8 42.2 41.9 41.7 41.3 41.2 3.5 40.4 39.7 42.1 41.4 41.5 41.1 41.4 3.6 40.2 39.9 42.3 42.0 41.7 41.3 41.4 3.6 40.3 40.0 42.4 42.1 41.9 41.5 41.3 3.5 40.4 39.9 42.3 42.3 42.4 41.3 41.4 3.5 40.8 39.8 41.9 42.4 42.5 41.4 41.4 3.6 40.6 39.9 42.2 42.5 42.6 41.2 41.6 3.7 40.8 40.2 42.5 42.6 42.7 41.6 41.7 3.7 41.3 40.2 42.8 42.6 42.3 41.6 41.5 3.7 40.9 40.0 42.5 42.6 42.3 41.5 41.2 3.6 40.6 39.1 41.9 42.3 42.4 41.2 41.6 3.9 41.0 39.9 42.3 43.1 43.3 41.6 41.5 3.8 40.5 40.0 42.1 43.1 43.5 41.5 41.6 3.8 40.4 40.1 42.3 43.3 43.8 41.5 Machinery except electrical ................................... Electrical and electronic equipm ent...................... T ransportation equipm ent....................................... Motor vehicles and equipm ent............................ Instruments and related products ......................... 41.5 40.6 42.6 43.5 41.0 41.6 41.0 42.3 42.6 41.0 41.3 41.1 42.2 42.5 40.7 41.6 41.1 42.4 42.5 40.9 41.7 41.2 42.4 42.7 40.7 41.7 41.0 42.1 42.1 40.9 41.7 41.0 42.2 42.4 41.1 41.7 41.0 42.1 42.4 41.1 42.0 41.0 42.3 42.9 41.2 42.2 41.1 42.5 43.0 41.3 42.0 40.9 42.3 42.9 41.3 41.8 40.6 41.9 42.1 41.0 42.2 40.8 42.2 42.5 41.5 42.2 41.1 41.9 42.0 41.6 42.4 41.1 41.8 42.0 41.6 N o n d u rab le g o o d s ........................................................ Overtime h o u rs ................................................... Food and kindred pro d u c ts.................................... Textile mill p ro d u c ts ................................................ Apparel and other textile products........................ Paper and allied products ...................................... 39.6 3.1 40.0 39.7 36.4 43.1 39.9 3.3 40.0 41.1 36.7 43.2 39.8 3.4 39.9 41.0 36.6 43.2 40.0 3.4 40.2 41.2 36.6 43.4 39.9 3.3 39.8 41.4 36.8 42.9 39.9 3.4 39.8 41.4 36.8 43.1 40.0 3.5 40.0 41.4 36.9 43.2 40.0 3.5 39.8 41.6 37.0 43.2 40.1 3.5 40.0 41.6 37.0 43.4 40.3 3.5 40.1 42.0 37.4 43.3 40.1 3.5 40.0 42.1 37.0 43.0 39.7 3.3 39.8 41.4 36.1 43.0 40.2 3.7 40.1 42.0 37.2 43.5 40.3 3.6 40.2 42.0 37.2 43.3 40.2 3.7 39.9 42.8 37.2 43.2 Printing and publishing............................................ Chemicals and allied products............................... Petroleum and coal p roducts................................. 37.8 41.9 43.0 38.0 41.9 43.8 38.0 41.8 43.7 38.0 42.0 44.2 38.0 41.8 43.5 38.0 42.0 43.7 38.0 42.3 43.8 38.0 42.1 43.6 37.9 42.2 44.6 38.1 42.2 44.0 37.9 42.0 44.1 37.7 42.2 43.9 37.9 42.1 44.3 38.1 42.0 43.6 38.0 42.4 44.1 T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S ..... 39.5 39.2 39.2 39.1 39.1 39.1 39.2 38.9 39.0 39.2 39.0 39.0 39.2 39.0 39.1 W H O LE S A LE T R A D E .................................................... 37.8 37.7 38.3 38.4 38.2 38.3 38.3 38.2 38.3 38.3 38.1 38.2 38.3 38.2 38.0 R E T A IL TR A D E ................................................................ 29.4 29.2 29.2 29.2 29.1 29.1 2Ö.2 28.9 29.0 29.3 29.3 29.5 29.4 29.2 29.3 S E R V IC E S .......................................................................... 32.5 32.5 32.5 32.4 32.4 32.4 32.5 32.4 32.4 32.6 32.5 32.4 32.5 32.5 32.4 Overtime h o u rs ................................................... D u rable g o o d s ................................................................ p = preliminary NOTE: See “ Notes on the data” for a description of the most recent https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis benchmark adjustment. 97 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Employment Data 15. Average hourly earnings of production or nonsupervisory workers on private nonagricultural payrolls by industry Annual average 1986 1987 Industry 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May $8.57 - $8.76 - $8.70 8.74 $8.70 8.77 $8.82 8.78 $8.82 8.82 $8.88 8.86 $8.86 8.84 $8.90 8.86 $8.92 8.88 $8.92 8.91 $8.91 8.91 $8.93 8.95 $8.92 8.94 $8.91 8.96 M IN IN G .......................................................................... 11.98 12.44 12.49 12.51 12.52 12.50 12.57 12.63 12.66 12.56 12.51 12.43 12.42 12.44 12.34 C O N S T R U C T IO N .............................................................. 12.32 12.47 12.34 12.44 12.59 12.68 12.66 12.77 12.58 12.51 12.59 12.55 12.60 12.62 12.59 M A N U F A C T U R IN G .......................................................... 9.54 9.73 9.74 9.68 9.73 9.72 9.78 9.85 9.84 9.84 9.85 9.87 9.87 9.88 9.88 10.10 Lumber and wood products................................ 8.22 Furniture and fixtures.......................................... 7.17 Stone, clay, and glass products......................... 9.84 Primary metal industries ..................................... 11.67 Blast furnaces and basic steel products......... 13.33 Fabricated metal products .................................. 9.70 10.29 8.33 7.46 10.05 11.86 13.73 9.89 10.26 8.29 7.45 10.06 11.93 13.83 9.86 10.22 8.33 7.50 10.07 11.74 13.61 9.82 10.29 8.35 7.55 10.11 11.82 13.76 9.88 10.27 8.32 7.53 10.10 11.75 13.63 9.88 10.33 8.35 7.55 10.14 11.80 13.68 9.94 10.40 8.32 7.65 10.17 11.82 13.74 10.02 10.38 8.27 7.61 10.17 11.76 13.55 9.98 10.39 8.31 7.58 10.15 11.78 13.59 9.99 10.39 8.28 7.58 10.13 11.82 13.66 9.99 10.39 8.34 7.58 10.23 11.96 13.84 9.98 10.40 8.37 7.64 10.26 11.96 13.80 9.97 10.43 8.44 7.66 10.27 11.97 13.81 10.01 10.41 8.49 7.70 10.27 12.03 13.82 9.99 Machinery, except electrical ............................... 10.29 Electrical and electronic equipment.................... 9.46 Transportation equipment................................... 12.71 Motor vehicles and equipment......................... 13.39 Instruments and related products ...................... 9.17 Miscellaneous manufacturing.............................. 7.30 10.59 9.65 12.81 13.45 9.47 7.54 10.59 9.67 12.73 13.33 9.48 7.57 10.59 9.64 12.70 13.29 9.47 7.51 10.61 9.70 12.82 13.42 9.54 7.58 10.58 9.67 12.82 13.42 9.56 7.57 10.62 9.73 12.88 13.44 9.63 7.62 10.67 9.82 12.96 13.56 9.65 7.69 10.64 9.84 12.93 13.58 9.64 7.69 10.68 9.84 12.88 13.49 9.67 7.68 10.72 9.84 12.86 13.49 9.67 7.66 10.70 9.82 12.80 13.40 9.67 7.67 10.70 9.83 12.85 13.42 9.69 7.72 10.77 9.84 12.91 13.50 9.69 7.73 10.79 9.87 12.82 13.33 9.70 7.75 8.71 Food and kindred products................................. 8.57 Tobacco manufactures....................................... 11.96 Textile mill products............................................ 6.70 Apparel and other textile products..................... 5.73 Paper and allied products .................................. 10.83 8.94 8.74 12.85 6.93 5.84 11.18 9.00 8.76 13.73 6.88 5.79 11.33 8.94 8.66 13.55 6.97 5.83 11.19 8.96 8.65 12.29 7.02 5.91 11.23 8.96 8.69 12.14 7.02 5.87 11.25 9.02 8.79 12.67 7.05 5.87 11.27 9.07 8.88 12.93 7.10 5.90 11.34 9.09 8.90 12.97 7.10 5.94 11.26 9.08 8.91 13.44 7.11 5.93 11.26 9.09 8.93 13.80 7.12 5.93 11.27 9.14 8.95 14.28 7.12 5.94 11.37 9.13 8.96 14.53 7.13 5.89 11.40 9.12 8.90 15.52 7.15 5.93 11.42 9.16 8.86 14.75 7.17 5.88 11.51 Printing and publishing........................................ 9.71 Chemicals and allied products............................ 11.56 Petroleum and coal products.............................. 14.06 Rubber and miscellaneous plastics products..... 8.54 Leather and leather products ............................. 5.83 9.99 11.98 14.18 8.73 5.92 9.98 12.05 14.16 8.78 5.92 10.02 11.99 14.06 8.77 5.92 10.12 12.03 14.18 8.72 5.95 10.09 12.08 14.19 8.73 5.95 10.11 12.17 14.32 8.77 5.98 10.15 12.20 14.41 8.82 5.98 10.14 12.18 14.57 8.83 6.04 10.16 12.21 14.51 8.79 6.01 10.17 12.24 14.50 8.80 6.06 10.14 12.30 14.50 8.82 6.12 10.19 12.31 14.52 8.84 6.05 10.16 12.27 14.41 8.86 6.04 10.22 12.35 14.53 8.95 5.98 T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S ..... 11.40 11.70 11.67 11.67 11.77 11.77 11.90 11.90 11.89 11.93 11.90 11.94 11.95 11.95 11.99 W H O LE S A LE T R A D E .................................................... 9.16 9.35 9.30 9.32 9.37 9.36 9.47 9.47 9.49 9.55 9.53 9.53 9.57 9.56 9.57 P R IV A TE S E C T O R .......................................................... Seasonally adjusted ......................................... D u ra ble g o o d s ................................................................. N o ndurable g o o d s ......................................................... Junep July*1 R E T A IL TR A D E ................................................................ 5.94 6.03 5.98 5.97 6.06 6.06 6.08 6.07 6.09 6.09 6.08 6.09 6.09 6.07 6.07 FIN A N C E , IN S U R A N C E , A N D R E A L E S T A T E .... 7.94 8.35 8.30 8.34 8.39 8.39 8.57 8.48 8.60 8.75 8.72 8.71 8.72 8.65 8.63 S E R V IC E S ................................................................. 7.90 8.16 8.04 8.04 8.19 8.23 8.33 8.32 8.37 8.43 8.41 8.40 8.38 8.35 8.34 - Data not available. p = preliminary https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis NOTE: See “ Notes on the data” for a description of the most recent benchmark revision. 16. Average weekly earnings of production or nonsupervisory workers on private nonagricultural payrolls by industry 1987 1986 Annual average Industry 1985 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Mar. Feb. Apr. May Julyp Junep P R IV A T E SE C TO R Seasonally adjusted.................................. Constant (1977) dollars ............................... $299.09 $304.85 $303.63 $305.37 $306.94 $306.05 $308.14 $308.33 $306.16 $307.74 $308.63 $308.29 $310.76 $312.20 $311.85 303.28 304.32 304.67 306.05 308.33 305.86 307.44 309.91 310.07 309.18 312.36 311.11 310.91 170.42 171.07 170.67 171.36 171.47 170.88 171.86 171.87 169.52 169.74 169.48 168.28 169.17 169.21 538.05 527.52 522.92 519.57 526.61 527.46 526.92 M IN IN G ................................................................................. 519.93 524.97 517.09 529.17 527.09 526.25 520.40 535.51 C O N S T R U C T IO N .............................................................. 464.46 466.38 471.39 476.45 484.72 480.57 462.09 469.94 467.98 460.37 470.87 469.37 485.10 480.82 484.72 M A N U FA C TU R IN G Current dollars............................................. Constant (1977) dollars................................ 386.37 396.01 391.55 393.98 398.93 395.60 400.98 408.78 401.47 401.47 402.87 398.75 403.68 406.07 401.13 220.15 222.23 220.10 221.09 222.87 220.88 223.64 227.86 222.30 221.44 221.24 217.78 219.75 220.09 - Lumber and wood products........................... Furniture and fixtures.................................... Stone, clay, and glass products...................... Primary metal industries ................................ Blast furnaces and basic steel products........ Fabricated metal products ............................. 416.12 327.98 282.50 412.30 484.31 547.86 400.61 424.98 335.70 296.91 424.11 496.93 572.54 408.46 416.56 333.26 290.55 426.54 489.13 572.56 399.33 420.04 338.20 300.75 431.00 487.21 560.73 403.60 428.06 340.68 305.78 434.73 497.62 575.17 411.01 424.15 337.79 304.97 430.26 493.50 569.73 408.04 429.73 337.34 303.51 423.85 500.32 580.03 413.50 439.92 337.79 314.42 427.14 508.26 589.45 422.84 430.77 331.63 302.88 421.04 500.98 575.88 414.17 431.19 337.39 299.41 423.26 503.01 577.58 413.59 432.22 337.00 301.68 425.46 505.90 581.92 414.59 427.03 338.60 294.10 430.68 508.30 593.74 408.18 431.60 345.68 301.78 439.13 514.28 598.92 412.76 434.93 347.73 306.40 437.50 517.10 604.88 417.42 426.81 341.30 302.61 437.50 516.09 603.93 408.59 Machinery, except electrical ........................... Electrical and electronic equipment................. Transportation equipment............................... Motor vehicles and equipment...................... Instruments and related products ................... Miscellaneous manufacturing.......................... 427.04 384.08 541.45 582.47 375.97 287.62 440.54 395.65 541.86 572.97 388.27 298.58 431.01 390.67 528.30 555.86 380.15 293.72 436.31 394.28 528.32 550.21 383.54 294.39 442.44 400.61 542.29 570.35 389.23 299.41 439.07 396.47 537.16 562.30 389.09 301.29 444.98 402.82 546.11 568.51 398.68 305.56 456.68 413.42 562.46 595.28 407.23 309.14 446.88 404.42 549.53 585.30 397.17 303.76 449.63 402.46 546.11 577.37 399.37 301.06 452.38 402.46 547.84 582.77 401.31 301.04 445.12 395.75 536.32 566.82 394.54 297.60 449.40 399.10 542.27 571.69 399.23 302.62 455.57 404.42 540.93 568.35 403.10 304.56 449.94 398.75 526.90 549.20 396.73 300.70 N o n d u rab le go o d s ......................................................... 344.92 342.80 444.91 265.99 208.57 466.77 356.71 349.60 480.59 284.82 214.33 482.98 355.50 349.52 499.77 276.58 210.18 486.06 358.49 351.60 490.51 288.56 213.96 483.41 359.30 349.46 470.71 293.44 217.49 485.14 358.40 347.60 473.46 292.03 216.60 484.88 363.51 353.36 481.46 294.69 218.36 489.12 368.24 357.86 483.58 299.62 220.66 500.09 362.69 354.22 481.19 293.94 218.59 488.68 362.29 351.05 486.53 295.78 220.00 484.18 363.60 352.74 525.78 299.04 219.41 483.48 361.03 351.74 536.93 291.21 212.65 486.64 366.11 359.30 571.03 298.75 219.11 493.62 367.54 357.78 622.35 302.45 222.38 494.49 366.40 353.51 523.63 300.42 216.97 493.78 D u ra ble 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 ......................... 367.04 379.62 376.25 381.76 387.60 384.43 387.21 392.81 381.26 384.05 386.46 381.26 384.16 383.03 385.29 484.36 501.96 501.28 499.98 502.85 504.94 516.01 519.72 514.00 514.04 515.30 519.06 518.25 516.57 519.94 604.58 621.08 621.62 624.26 625.34 622.94 630.08 628.28 645.45 629.73 636.55 635.10 637.43 628.28 643.68 350.99 360.55 354.71 361.32 362.75 362.30 365.71 373.09 367.33 364.79 365.20 360.74 366.86 370.35 366.06 216.88 218.45 219.04 217.86 218.37 218.96 221.86 227.84 225.29 223.57 227.25 224.60 233.53 238.58 230.23 T R A N S P O R T A T IO N A N D PU B LIC U T IL IT IE S .......................................................................... 450.30 458.64 459.80 459.80 461.38 460.21 467.67 465.29 457.77 465.27 462.91 463.27 466.05 469.64 471.21 W H O LE S A LE T R A D E .................................................... 351.74 359.04 358.05 358.82 358.87 359.42 363.65 363.65 361.57 361.95 361.19 363.09 366.53 367.10 365.57 R E T A IL TR A D E ................................................................ 174.64 176.08 178.80 178.50 176.35 175.74 176.32 178.46 172.35 174.78 175.71 FIN A N C E , IN S U R A N C E , A N D R E A L E S TA T E .............................................................................. 289.02 303.94 301.29 304.41 303.72 305.40 312.81 S E R V IC E S .......................................................................... 256.75 265.20 263.71 263.71 177.83 178.44 179.67 182.10 309.52 312.18 318.50 316.54 316.17 316.54 314.86 310.68 265.36 266.65 269.89 269.57 269.51 273.13 272.48 271.32 271.51 272.21 272.72 - Data not available. p = preliminary NOTE: See “ Notes on the data” for a description of the most recent benchmark revision. 17. The Hourly Earnings Index for production or nonsupervisory workers on private nonagricultural payrolls by industry ____________ P R IV A T E S E C TO R (In cu rre n t d o l l a r s ) ............................... 168.6 172.7 172.6 172.7 Manufacturing...................................................... Transportation and public utilities........................... Wholesale trade' .................................................. Retail trade .......................................................... Finance, insurance, and real estate1....................... Services............................................................... 182.4 150.9 172.6 170.0 171.6 157.5 178.7 172.6 181.6 154.0 174.5 175.2 176.7 160.5 187.1 179.5 182.1 154.2 174.7 175.1 176.3 160.2 186.1 179.1 181.8 153.9 175.1 175.2 176.5 160.2 186.0 179.0 P R IV A T E S E C TO R [in co n s ta n t (19 7 7 ) d o lla rs ] ............. 94.8 94.0 93.6 - 1 This series is not seasonally adjusted because the seasonal component is small relative to the trend-cycle, irregular components, or both, and consequently cannot be separated with sufficient precision. - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis CD C OD C "si ^ _ May 1987 Mar. 1987 Apr. 1987 May 1987 169.1 172.2 172.6 172.9 June 1987p 172.9 _ _ - _ - 151.5 172.4 171.0 153.8 174.3 174.6 153.7 175.0 175.2 154.1 174.4 176.2 155.1 174.8 175.9 159.8 160.2 160.2 “ “ - - 158.1 159.0 “ - CO C 03 c June 1987p July 1986 July 1986 _ Seasonally adjusted Not seasonally adjusted Industry 173.2 - 154.7 174.9 176.2 160.9 ” 174.0 179.0 179.4 179.9 179.8 180.5 95.1 94.4 94.2 94.0 93.8 - p = preliminary. NOTE: See “ Notes on the data” for a description of the most recent benchmark revision. 99 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Employment Data 18. Indexes of diffusion: industries in which employment increased, data seasonally adjusted (In percent) Jan. Time span and year Apr. Mar. Feb. June May Sept. Aug. July Oct. Nov. Dec. Over 1985 1986 1987 1-month span: .............................................................................. .............................................................................. .............................................................................. 55.9 53.2 53.5 47.0 48.1 56.8 52.4 48.1 58.6 47.3 53.5 58.4 53.2 52.4 58.6 46.8 46.8 58.6 53.8 52.4 66.2 53.8 56.2 47.8 55.1 53.2 53.2 54.3 59.7 - - - - 57.3 59.7 - Over 1985 1986 1987 3-month span: .............................................................................. .............................................................................. .............................................................................. 51.1 49.7 58.6 48.4 44.9 59.5 42.4 45.7 61.1 46.5 48.4 61.6 44.3 47.6 62.4 49.7 45.4 65.7 47.0 48.4 48.6 55.1 45.9 55.9 47.6 58.1 55.1 58.6 56.5 60.3 - - - - Over 1985 1986 1987 6-month span: .............................................................................. .............................................................................. .............................................................................. 46.5 47.6 61.9 46.5 47.6 62.7 43.2 43.0 60.3 44.3 43.2 68.9 44.3 45.4 45.1 48.4 43.0 47.3 44.3 53.0 49.2 59.2 49.2 58.9 47.3 57.8 45.9 58.9 - - - - - - Over 1985 1986 1987 12-month span: .............................................................................. .............................................................................. .............................................................................. 44.6 43.2 63.0 44.1 44.1 43.8 46.2 40.8 45.7 41.6 47.8 42.2 49.5 42.4 51.6 43.8 54.9 44.3 52.2 44.1 55.1 42.4 58.1 _ - - - - Data not available. NOTE: Figures are the percent of industries with employment rising. (Half of the unchanged components are counted as rising.) Data are centered within the _ _ _ _ 41.6 49.5 _ _ _ _ _ spans. Data for the 2 most recent months shown In each span are preliminary. See the “ Definitions” in this section. See “ Notes on the data” for a description of the most recent benchmark revision. 19. Annual data: Employment status of the noninstitutional population (Numbers in thousands) Employment status 1978 1979 1980 1981 1982 1983 1984 1985 1986 Noninstitutional pop ulation ........................................ 163,541 166,460 169,349 171,775 173,939 175,891 178,080 179,912 182,293 Labor force: Total (num ber)........................................................ Percent of pop ulation........................................... 103,882 63.5 106,559 64.0 108,544 64.1 110,315 64.2 111,872 64.3 113,226 64.4 115,241 64.7 117,167 65.1 119,540 65.6 97,679 59.7 1,631 100,421 60.3 1,597 100,907 59.6 1,604 102,042 59.4 1,645 101,194 58.2 1,668 102,510 58.3 1,676 106,702 59.9 1,697 108,856 60.5 1,706 111,303 61.1 1,706 96,048 3,387 92,661 98,824 3,347 95,477 99,303 3,364 95,938 100,397 3,368 97,030 99,526 3,401 96,125 100,834 3,383 97,450 105,005 3,321 101,685 107,150 3,179 103,971 109,597 3,163 106,434 Unemployed: Total (num ber)................................................ Percent of labor fo r c e ................................... 6,202 6.0 6,137 5.8 7,637 7.0 8,273 7.5 10,678 9.5 10,717 9.5 8,539 7.4 8,312 7.1 8,237 6.9 Not in labor force (number) ................................... 59,659 59,900 60,806 61,460 62,067 62,665 62,839 62,744 62,752 Employed: Total (num ber)................................................. Percent of population ..................................... Resident Armed Forces............................... Civilian Total ............................................................. A g riculture................................................ Nonagricultural industries....................... 20. Annual data: Employment levels by industry (Numbers in thousands) Industry 1978 1979 1980 1981 1982 1983 1984 1985 1986 Total em ploym ent........................................................................... Private s e c to r............................. G oods-producing....................................................................... M in in g ........................................ Construction ......................................................................... M anufacturing.......................................... 86,697 71,026 25,585 851 4,229 20,505 89,823 73,876 26,461 958 4,463 21,040 90,406 74,166 25,658 1,027 4,346 20,285 91,156 75,126 25,497 1,139 4,188 20,170 89,566 73,729 23,813 1,128 3,905 18,781 90,200 74,330 23,334 952 3,948 18,434 94,496 78,472 24,727 966 4,383 19,378 97,519 81,125 24,859 927 4,673 19,260 99,610 82,900 24,681 783 4,904 18,994 Service-producing......................................... Transportation and public u tilitie s ...................................... Wholesale trade ................................... Retail trade .......................................... Finance, insurance, and real e s ta te ................................ S e rvices............................................ 61,113 4,923 4,969 14,573 4,724 16,252 63,363 5,136 5,204 14,989 4,975 17,112 64,748 5,146 5,275 15,035 5,160 17,890 65,659 5,165 5,358 15,189 5,298 18,619 65,753 5,082 5,278 15,179 5,341 19,036 66,866 4,954 5,268 15,613 5,468 19,694 69,769 5,159 5,555 16,545 5,689 20,797 72,660 5,238 5,717 17,356 5,955 22,000 74,930 5,244 5,735 17,845 6,297 23,099 15,672 2,753 3,474 9,446 15,947 2,773 3,541 9,633 16,241 2,866 3,610 9,765 16,031 2,772 3,640 9,619 15,837 2,739 3,640 9,458 15,869 2,774 3,662 9,434 16,024 2,807 3,734 9,482 16,394 2,875 3,832 9,687 16,711 2,899 3,888 9,923 G overnm ent............................................................ F ederal............................................ State .......................................................... Local ........................................................ NOTE: 0 Digitized for10 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis See “ Notes on the data” for a description of the most recent benchmark revision. 21. Annual data: Average hours and earnings of production or nonsupervisory workers on nonagricultural payrolls, by industry Industry 1978 1979 1980 1981 1982 1983 1984 1985 1986 35.8 5.69 203.70 35.7 6.16 219.91 35.3 6.66 235.10 35.2 7.25 255.20 34.8 7.68 267.26 35.0 8.02 280.70 35.2 8.32 292.86 34.9 8.57 299.09 34.8 8.76 304.85 43.4 7.67 332.88 43.0 8.49 365.07 43.3 9.17 397.06 43.7 10.04 438.75 42.7 10.77 459.88 42.5 11.28 479.40 43.3 11.63 503.58 43.4 11.98 519.93 42.2 12.44 524.97 36.8 8.66 318.69 37.0 9.27 342.99 37.0 9.94 367.78 36.9 10.82 399.26 36.7 11.63 426.82 37.1 11.94 442.97 37.8 12.13 458.51 37.7 12.32 464.46 37.4 12.47 466.38 40.4 6.17 249.27 40.2 6.70 269.34 39.7 7.27 288.62 39.8 7.99 318.00 38.9 8.49 330.26 40.1 8.83 354.08 40.7 9.19 374.03 40.5 9.54 386.37 40.7 9.73 396.01 40.0 7.57 302.80 39.9 8.16 325.58 39.6 8.87 351.25 39.4 9.70 382.18 39.0 10.32 402.48 39.0 10.79 420.81 39.4 11.12 438.13 39.5 11.40 450.30 39.2 11.70 458.64 38.8 5.88 228.14 38.8 6.39 247.93 38.5 6.96 267.96 38.5 7.56 291.06 38.3 8.09 309.85 38.5 8.55 329.18 38.5 8.89 342.27 38.4 9.16 351.74 38.4 9.35 359.04 31.0 4.20 130.20 30.6 4.53 138.62 30.2 4.88 147.38 30.1 5.25 158.03 29.9 5.48 163.85 29.8 5.74 171.05 29.8 5.85 174.33 29.4 5.94 174.64 29.2 6.03 176.08 36.4 4.89 178.00 36.2 5.27 190.77 36.2 5.79 209.60 36.3 6.31 229.05 36.2 6.78 245.44 36.2 7.29 263.90 36.5 7.63 278.50 36.4 7.94 289.02 36.4 8.35 303.94 32.8 4.99 163.67 32.7 5.36 175.27 32.6 5.85 190.71 32.6 6.41 208.97 32.6 6.92 225.59 32.7 7.31 239.04 32.6 7.59 247.43 32.5 7.90 256.75 32.5 8.16 265.20 Private sector Average weekly h o u rs ................................................................. Average hourly earnings (in d ollars)......................................... Average weekly earnings (in dollars) ....................................... Mining Average weekly hours ........................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. Construction Average weekly hours ........................................................... Average hourly earnings (in d o lla rs )................................... Average weekly earnings (in d o lla rs ).................................. Manufacturing Average weekly hours ........................................................... Average hourly earnings (in d o lla rs )................................... Average weekly earnings (in d o lla rs ).................................. Transportation and public utilities Average weekly hours .......................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. Wholesale trade Average weekly hours ........................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. Retail trade Average weekly hours ........................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. Finance, insurance, and real estate Average weekly hours ........................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. Services Average weekly hours ........................................................... Average hourly earnings (in dollars) ................................... Average weekly earnings (in d o lla rs ).................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis MONTHLY LABOR REVIEW 22. September 1987 • Current Labor Statistics: Compensation and Industrial Relations Data Employment Cost Index, compensation,1 by occupation and industry group (June 1981=100) Percent change 1987 1986 1985 Series June Sept. Dec. Mar. June Sept. Dec. Mar. June 3 months ended 12 months ended June 1987 126.4 128.4 129.2 130.6 131.5 133.0 133.8 135.0 135.9 0.7 3.3 128.3 123.1 128.0 130.7 124.4 130.9 131.6 124.9 131.8 133.1 126.2 133.1 134.2 126.8 133.7 136.0 127.8 135.4 136.9 128.4 136.6 138.5 129.1 138.0 139.3 130.1 138.5 .6 .8 .4 3.8 2.6 3.6 123.9 124.6 127.9 132.6 130.3 127.2 124.9 125.5 130.7 136.4 134.2 129.7 125.5 126.0 131.5 137.1 134.8 130.6 126.9 127.7 132.9 138.8 136.8 131.9 128.1 128.7 133.7 139.4 138.0 132.8 128.8 129.3 135.6 142.4 140.6 134.6 129.5 130.1 136.5 143.6 141.6 135.4 130.2 130.7 138.1 145.2 144.1 136.9 131.1 131.5 138.9 145.8 144.7 137.8 .7 .6 .6 .4 .6 .8 .4 .7 2.3 2.2 3.9 4.6 4.7 4.5 4.9 3.8 Private in d u stry w o rk e r s ......................................................... Workers, by occupational group: White-collar w o rkers............................................................... Professional specialty and technical o ccup ations.......... Executive, administrative, and managerial occupations Sales occupations................................................................. Administrative support occupations, including c le ric a l................................................................................... Blue-collar w o rk e rs ................................................................. Precision production, craft, and repair occu p a tio n ......... Machine operators, assemblers, and in s p e c to rs............ Transportation and material moving occupations........... Handlers, equipment cleaners, helpers, and laborers .... Service occup ations............................................................... Workers, by industry division: Goods-producing...................................................................... Construction ............................................................................ M anufacturing.......................................................................... Durables ................................................................................. N ondurables........................................................................... Service-producing .................................................................... Transportation and public utilities........................................ Transportation........................................................................ Public u tilitie s ......................................................................... Wholesale and retail tra d e ................................................... Wholesale trade .................................................................... Retail trade ............................................................................ Finance, insurance, and real e s ta te .................................... S e rv ic e ..................................................................................... Health se rvice s...................................................................... H o s p ita ls ............................................................................... 125.2 126.8 127.5 128.9 129.9 130.8 131.6 132.9 133.8 .7 3.0 127.1 - 128.8 - 129.8 - 131.3 - 132.5 - 133.5 - 134.3 - 136.1 - 137.0 - .7 .6 .7 .5 3.4 3.5 3.9 2.1 122.8 126.5 124.0 128.8 124.4 129.5 125.7 130.9 126.3 131.1 127.2 132.3 127.8 133.5 128.4 134.7 129.5 135.2 1.0 .9 .8 1.0 1.1 .5 .4 3.5 2.5 2.4 2.7 3.0 2.0 3.1 123.8 124.6 128.6 .7 1.3 .6 .7 .5 .7 1.1 1.4 .9 1.5 1.5 1.4 -1.0 .6 .7 .7 2.3 3.1 2.2 2.0 2.6 3.6 2.8 2.8 2.9 3.4 4.3 3.0 3.0 4.3 5.0 4.6 Nonmanufacturing .................................................................. .7 3.4 Civilian w o rke rs 2 .......................................................................... Workers, by occupational group: White-collar workers ................................................................. Blue-collar w o rkers.................................................................... Service occupations.................................................................. Workers, by industry division: G oods-producing......................................................................... Manufacturing ............................................................................ Service-producing....................................................................... Services..................................................................................... Health services...................................................................... H o spitals................................................................................. Public administration 3 ............................................................. Nonmanufacturing....................................................................... State and local gove rnm ent w o rk e rs .................................. Workers, by occupational group: White-collar w o rkers............................................................... Blue-collar w o rk e rs ................................................................. Workers, by industry division: S e rvice s................................................................................... Hospitals and other services4 ........................................... Health se rvic e s ................................................................... S c h o o ls ................................................................................. Elementary and secon dary............................................. Public administration3 ............................................................. 124.6 126.4 - - - - - - 125.5 128.7 - 126.0 129.4 - 127.7 130.8 - 129.3 132.7 - 129.2 130.1 133.5 - 129.9 130.7 135.3 - 130.8 131.5 136.3 - - 128.7 131.6 - - - - - 102 126.7 - 127.8 - - - - - - - - - - - - - - - - - - - - - - - - - - 125.6 127.6 128.4 129.7 130.6 131.7 132.4 134.1 135.1 132.0 136.5 137.5 138.9 139.7 143.6 144.7 145.9 146.3 .3 4.7 132.9 128.5 137.6 131.9 138.6 132.7 140.0 134.7 140.5 136.3 145.0 138.5 146.0 139.5 147.2 140.8 147.5 141.3 .2 .4 5.0 3.7 133.2 131.5 133.7 134.6 130.3 137.9 134.1 139.1 140.9 134.2 139.1 135.2 140.3 142.0 134.8 140.4 136.8 - 140.8 137.9 141.7 143.2 138.0 145.5 139.4 147.6 149.4 140.6 146.6 141.1 148.4 150.3 141.6 147.3 142.5 148.9 150.5 144.1 147.6 143.3 149.1 150.7 144.7 .2 .6 .6 .1 .1 .4 4.8 3.9 3.8 5.2 5.2 4.9 1 Cost (cents per hour worked) measured in the Employment Cost Index consists of wages, salaries, and employer cost of employee benefits. 2 Consist of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 125.3 141.5 143.0 136.8 3 Consist of legislative, judicial, administrative, and regulatory 4 Includes, for example, library, social, and health services. - Data not available. activities. 23. Employment Cost Index, wages and salaries, by occupation and industry group (June 1981=100) Percent change 1987 1986 1985 Series June Sept. Dec. Mar. June Sept. Dec. Mar. June 3 months ended 12 months ended June 1987 Civilian workers 1................................................................... Workers, by occupational group: White-collar workers ........................................................... Blue-collar workers.............................................................. Service occupations............................................................ 124.2 126.3 127.0 128.3 129.3 130.7 131.5 132.8 133.5 0.5 3.2 126.4 120.5 125.3 128.8 122.0 128.0 129.8 122.3 128.6 131.2 123.4 129.8 132.4 124.1 130.0 134.1 125.0 131.7 135.0 125.6 132.8 136.6 126.2 134.2 137.3 127.1 134.7 .5 .7 .4 3.7 2.4 3.6 Workers, by industry division Goods-producing.................................................................. Manufacturing ..................................................................... Service-producing................................................................. Services............................................................................ Health services............................................................... Hospitals.......................................................................... Public administration 2 ..................................................... Nonmanufacturing............................................................... 121.5 122.3 125.8 130.5 127.2 125.0 122.5 123.2 128.6 134.2 131.4 127.6 123.1 123.8 129.4 134.8 132.0 128.4 124.4 125.3 130.7 136.4 133.8 129.6 125.6 126.5 131.5 137.0 134.6 130.4 126.3 127.2 133.4 139.9 137.5 132.2 127.0 127.9 134.2 141.1 138.1 133.0 127.8 128.7 135.8 142.7 140.5 134.5 128.5 129.5 136.5 143.4 141.0 135.2 .5 .6 .5 .5 .6 .7 .4 .5 2.3 2.4 3.8 4.7 5.0 4.7 4.8 3.7 123.3 124.9 125.6 126.8 127.9 128.8 129.5 130.8 131.7 .7 3.0 125.5 128.7 127.3 131.2 128.3 131.5 129.6 132.7 131.1 134.0 132.0 135.4 132.7 136.4 134.6 138.4 135.4 139.1 .6 .5 3.3 3.8 126.5 117.4 127.7 119.3 128.4 122.5 130.5 122.4 132.1 124.3 132.4 125.2 133.5 124.9 135.6 126.7 136.4 127.1 .6 .3 3.3 2.3 125.6 127.1 127.9 129.6 130.8 131.7 132.7 134.3 135.5 .9 3.6 120.3 121.7 122.0 123.1 123.7 124.5 125.1 125.6 126.6 .8 2.3 126.7 124.1 119.8 127.4 124.9 120.1 127.9 125.5 120.5 128.8 126.7 121.5 .7 1.0 2.5 2.5 .8 2.2 121.9 131.4 122.6 131.9 .6 1.9 3.0 127.5 121.7 128.7 127.7 130.5 133.4 128.1 127.9 134.8 125.2 133.5 141.8 128.3 122.7 129.5 128.7 131.0 134.3 129.3 129.9 137.2 127.1 131.5 142.8 Private industry workers................................................. Workers, by occupational group: White-collar workers...................................................... Professional specialty and technical occupations...... Executive, administrative, and managerial occupations................................................................ Sales occupations....................................................... Administrative support occupations, including clerical........................................................................ Blue-collar workers.......................................................... Precision production, craft, and repair occupations................................................................. Machine operators, assemblers, and inspectors....... Transportation and material moving occupations...... Handlers, equipment cleaners, helpers, and laborers...................................................................... Service occupations...................................................... Workers, by industry division: Goods-producing............................................................. Construction .................................................................. Manufacturing................................................................. Durables...................................................................... Nondurables................................................................. Service-producing............................................................ Transportation and public utilities............................... Transportation............................................................ Public utilities.............................................................. Wholesale and retail trade.......................................... Wholesale trade ....................................................... Retail trade............................................................... Finance, insurance, and real estate........................... Services....................................................................... Health services .......................................................... Hospitals................................................................... 122.0 120.1 115.7 123.7 121.1 117.7 123.8 121.6 117.8 125.3 122.6 118.0 125.7 123.6 118.9 118.5 124.4 118.6 126.3 119.8 126.6 120.0 128.0 120.3 128.0 120.9 128.9 121.4 130.1 121.4 116.6 122.3 122.0 122.6 124.8 122.8 121.1 126.8 118.9 121.7 131.0 122.3 117.3 123.2 122.7 124.0 127.0 124.8 122.7 127.7 120.8 124.1 133.9 122.9 117.9 123.8 123.4 124.6 127.8 125.2 123.7 128.3 121.9 126.5 134.1 124.2 118.3 125.3 124.8 126.1 129.0 126.3 124.5 129.7 122.5 126.6 136.2 125.4 119.8 126.5 125.8 127.9 129.9 126.6 125.8 131.2 123.7 128.0 136.9 126.1 120.5 127.2 126.4 128.5 130.9 127.3 126.5 131.8 124.4 129.0 138.2 126.8 120.8 127.9 127.2 129.3 131.6 127.5 126.9 133.1 124.5 130.0 139.5 - - - - - - - - - - .4 .6 .8 .4 .7 2.3 2.4 2.4 2.3 2.4 3.4 .9 1.3 .7 1.6 1.8 1.5 -1.5 .7 .7 .7 1.8 2.6 3.3 4.6 2.7 2.7 4.3 5.1 4.8 .6 .8 2.1 Nonmanufacturing.......................................................... 123.9 125.9 126.6 127.7 128.7 129.7 130.4 131.9 132.8 .7 3.2 S ta te and local g o v e rn m e n t w o r k e r s ................................... 128.7 133.2 134.2 135.5 136.0 140.4 141.4 142.5 142.8 .2 5.0 .1 .4 5.2 3.8 .2 .6 .6 .1 .1 5.2 4.6 4.1 5.4 5.2 4.8 Workers, by occupational group White-collar workers...................................................... Blue-collar workers........................................................ Workers, by industry division Services ......................................................................... Hospitals and other services 3 .................................... Health services .......................................................... Schools.......................................................................... Elementary and secondary........................................ Public administration 2 ..................................................... 129.6 124.5 134.3 127.9 135.3 128.4 136.6 130.4 137.0 131.9 141.8 134.5 142.8 135.1 143.9 136.3 144.1 136.9 129.7 128.0 134.5 130.2 135.6 130.9 136.8 132.4 137.1 133.3 142.1 135.8 143.3 137.3 143.9 138.6 144.2 139.4 - 130.2 131.1 127.2 - 135.8 137.5 131.4 1 Consists of private industry workers (excluding farm and household workers) and State and local government (excluding Federal Government) workers. 2 Consists of legislative, judicial, administrative, and regulatory activities. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 137.0 138.5 132.0 138.0 139.4 133.8 138.2 139.4 134.6 144.1 145.7 137.5 145.1 146.4 138.1 145.5 146.5 140.5 145.6 146.6 141.0 .4 3 Includes, for example, library, social and health services, - Data not available. 103 MONTHLY LABOR REVIEW 24. September 1987 • Current Labor Statistics: Compensation and Industrial Relations Data Employment Cost Index, private nonfarm workers, by bargaining status, region, and area size (June 1981=100) Series June Sept. Mar. Dec. June Percent change 1987 1986 1985 Sept. Mar. Dec. June 12 months ended 3 months ended June 987 C O M P E N S A TIO N W o rk e rs , b y barga ining s ta tu s 1 Union ..................................................................................... Goods-producing................................................................ Service-producing................................................................ Manufacturing ........... .......................................................... Nonmanufacturing............................................................... 125.5 123.9 128.0 124.2 126.6 126.5 124.6 129.5 125.0 127.8 127.1 125.2 130.2 125.5 128.6 128.4 126.4 131.6 127.0 129.7 128.7 126.7 131.9 126.9 130.4 129.4 127.3 132.8 127.5 131.2 129.8 127.5 133.4 127.9 131.5 130.5 128.0 134.4 128.0 132.6 131.2 128.7 135.2 128.7 133.5 0.5 .5 .6 .5 .7 1.9 1.6 2.5 1.4 2.4 Nonunion............................................................................... Goods-producing................................................................. Service-producing................................................................ Manufacturing ..................................................................... Nonmanufacturing............................. ................................. 125.0 123.5 125.8 124.8 125.1 126.8 124.4 128.3 125.7 127.3 127.5 125.1 129.0 126.3 128.1 129.0 126.7 130.4 128.1 129.5 130.2 128.2 131.4 129.7 130.4 131.2 129.1 132.5 130.4 131.6 132.1 130.0 133.4 131.4 132.5 133.6 130.8 135.3 132.2 134.3 134.6 131.8 136.4 133.2 135.3 .7 .8 .8 .8 .7 3.4 2.8 3.8 2.7 3.8 126.4 125.2 122.7 127.9 128.8 126.5 124.2 129.1 129.9 127.2 124.6 129.8 131.6 128.7 125.9 130.8 133.3 129.6 126.2 131.6 134.2 130.7 127.3 132.1 135.2 131.4 128.1 132.8 137.4 132.1 129.1 134.1 138.6 133.2 130.2 134.2 .9 .8 .9 .1 4.0 2.8 3.2 2.0 125.7 122.5 127.3 123.9 128.1 123.9 129.5 125.5 130.5 126.4 131.4 127.2 132.2 127.9 133.5 129.0 134.4 130.2 .7 .9 3.0 3.0 Union ..................................................................................... Goods-producing................................................................ Service-producing................................................................ Manufacturing ..................................................................... Nonmanufacturing............................................................... 123.0 121.3 125.7 121.7 124.1 124.1 122.2 127.1 122.8 125.3 124.7 122.7 127.8 123.3 125.9 125.6 123.4 129.0 124.2 126.9 126.1 124.1 129.3 124.6 127.4 126.9 124.5 130.5 125.0 128.5 127.2 124.8 130.9 125.5 128.7 127.7 125.0 131.7 125.6 129.5 128.3 125.8 132.2 126.2 130.1 .5 .6 .4 .5 .5 1.7 1.4 2.2 1.3 2.1 Nonunion............................................................................... Goods-producing ................................................................. Service-producing................................................................ Manufacturing ..................................................................... Nonmanufacturing............................................................... 123.4 121.4 124.4 122.8 123.6 125.2 122.3 126.9 123.7 125.9 125.9 123.0 127.7 124.4 126.6 127.3 124.5 128.9 126.1 127.8 128.5 126.1 129.9 127.7 128.9 129.4 127.0 130.8 128.5 129.8 130.3 127.8 131.7 129.5 130.6 131.8 128.8 133.6 130.6 132.4 132.8 129.6 134.6 131.5 133.4 .8 .6 .7 .7 .8 3.3 2.8 3.6 3.0 3.5 124.6 123.4 121.1 125.1 126.8 124.8 122.5 126.6 128.1 125.4 122.9 127.1 129.2 126.8 124.2 128.1 131.3 127.8 124.4 128.9 132.3 128.8 125.3 129.3 133.1 129.4 126.2 130.1 135.4 130.1 127.4 131.2 136.6 131.1 128.5 131.1 .9 .8 .9 -.1 4.0 2.6 3.3 1.7 123.8 120.6 125.5 121.9 126.3 122.0 127.4 123.6 128.5 124.5 129.4 125.0 130.2 125.6 131.6 126.6 132.4 127.8 .6 .9 3.0 2.7 W o rk e rs , by reg io n 1 Northeast................................................................................ Midwest (formerly North Central).......................................... West......................................... ,............................................ W o rk e rs , by a rea size 1 Metropolitan areas ................................................................ Other areas............................................................................ W A G E S A N D S A LA R IE S W o rkers, by bargaining statu s 1 W o rk e rs , by region 1 Northeast............................................................................... South ..................................................................................... Midwest (formerly North Central).......................................... West...................................................................................... W o rk e rs , b y area s iz e 1 Metropolitan areas................................................................ Other areas........................................................................... 1 The indexes are calculated differently from those for the occupation and industry groups. For a detailed description of the index calculation, see the 104FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Monthly Labor Review Technical Employment Cost Index,” May 1982. Note, Estimation procedures for the 25. Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, private industry collective bargaining situations covering 1,000 workers or more (in percent) Quarterly average Annual average Measure 1985 1985 1986 1987 1986 III IV I II III IV lp IF S p ecified adjustm ents: Total compensation 1 adjustments,2 settlements covering 5,000 workers or more: First year of contract........................................... Annual rate over life of contract......................... 2.6 2.7 1.1 1.6 2.0 3.0 2.0 1.4 0.6 1.2 0.7 1.6 0.7 1.2 2.7 2.4 1.7 2.4 4.2 3.9 Wage adjustments, settlements covering 1,000 workers or more: First year of contract ........................................... Annual rate over life of contract......................... 2.3 2.7 1.2 1.8 2.0 3.1 2.1 1.9 .8 1.5 1.3 2.0 .8 1.5 2.0 2.1 1.2 1.8 2.6 2.9 3.3 .7 2.3 .5 1.2 .2 .5 .1 .6 (4) .7 .2 .5 .1 .5 .2 .4 (4) 1.0 .1 1.8 .7 1.7 .2 .5 .4 .2 .1 .4 .2 .6 (4) .5 (4) .2 .1 .3 .1 .7 .2 E ffe c tiv e adjustm ents: Total effective wage adjustment3 ......................... From settlements reached in period ................... Deferred from settlements reached in earlier periods................................................................. From cost-of-living-adjustments clauses............. 1 Compensation includes wages, salaries, and employers’ cost of employee benefits when contract is negotiated. 2 Adjustments are the net result of increases, decreases, and no changes in compensation or wages. 3 Because of rounding, total may not equal sum of parts. 4 Between -0.05 and 0.05 percent. p = preliminary. 26. Average specified compensation and wage adjustments, major collective bargaining settlements in private industry situations covering 1,000 workers or more during 4-quarter periods (in percent) Average for four quarters ending-Measure 1985 III 1986 IV I II 1987 III IV F IIP Specified total compensation adjustments, settlements covering 5,000 workers or more, all industries: First year of contract............................................................................ Annual rate over life of contract.......................................................... 3.1 2.7 2.6 2.7 2.3 2.5 1.4 2.0 0.9 1.4 1.1 1.6 1.2 1.7 1.9 2.1 2.4 1.9 2.7 2.5 1.8 3.0 2.3 1.6 2.7 2.7 2.5 2.8 2.0 1.6 2.2 2.5 2.5 2.5 1.6 1.8 1.5 2.2 2.5 2.1 1.2 2.2 .8 1.7 2.0 1.6 1.2 1.9 .9 1.8 1.7 1.8 1.2 2.0 .9 1.8 1.8 1.8 1.5 1.8 1.4 2.0 1.7 2.2 1.5 1.5 1.5 1.6 1.4 2.4 .8 .8 .9 1.8 2.1 1.6 .8 .8 .9 1.8 2.1 1.5 .1 .7 -.4 1.4 2.0 .9 -1.0 1.1 -2.0 .3 1.1 -.1 -1.2 1.3 -2.8 .2 .9 -.2 -1.6 1.3 -3.5 .8 -.6 -.8 1.4 -2.9 .2 .8 -.3 3.2 4.0 3.0 3.3 3.9 3.2 3.3 3.6 3.3 3.3 3.6 3.3 2.8 3.5 2.7 3.0 3.6 2.8 2.6 3.4 2.4 2.8 3.3 2.6 2.1 2.7 1.9 2.3 2.5 2.2 2.0 2.1 2.0 2.3 2.1 2.4 2.2 2.2 2.2 2.4 2.2 2.5 2.3 2.1 2.4 2.6 2.2 2.8 1.6 2.3 1.1 2.4 2.5 1.2 2.6 2.3 1.4 2.4 2.6 1.6 2.6 2.2 1.4 2.3 2.5 1.6 2.5 2.4 1.6 2.4 2.5 1.4 2.6 Specified wage adjustments, settlements covering 1,000 workers or more: All industries First year of contract ......................................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ........... ........................................ Annual rate over life of contract....................................................... Contracts with COLA clauses...................... .................................. Contracts without COLA clauses ................................................... Manufacturing First year of contract ......................................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... Annual rate over life of contract....................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... Nonmanufacturing First year of contract ......................................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... Annual rate over life of contract....................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... Construction First year of contract ......................................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... Annual rate over life of contract....................................................... Contracts with COLA clauses......................................................... Contracts without COLA clauses ................................................... 1 Data do not meet publication standards. 2 Between -0.05 and 0.05 percent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1.0 (1) (1) 1.5 (’) (1) 1.7 (1) (’) (’) (') 2.1 (') (1) p 2.2 (1) (1) = preliminary. (2)l 2.6 (1) (1) 2.8 (1) (1) MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Compensation and Industrial Relations Data 27. Average effective wage adjustments, private industry collective bargaining situations covering 1,000 workers or more during 4-quarter periods (in percent) Average for four quarters ending-1987 1986 1985 Effective wage adjustment IV I II III IV lp llp 3.3 .7 1.8 .7 3.1 .6 1.7 .8 2.9 .5 1.8 .7 2.3 .5 1.6 .2 2.3 .5 1.7 .2 2.0 .4 1.5 .1 2.2 .3 1.6 .3 4.1 3.4 3.7 2.2 4.0 2.9 3.5 2.5 3.8 2.5 3.4 2.0 3.1 1.7 3.8 1.0 2.8 1.6 3.9 1.0 2.4 1.2 3.7 .6 2.8 1.1 3.5 1.8 For all w o rk e rs :1 Total...................................................................................................... From settlements reached in period ................................................. Deferred from settlements reached in earlier period ....................... From cost-of-living-adjustments clauses........................................... F o r w o rk e rs receiving changes: Total...................................................................................................... From settlements reached in period ................................................. Deferred from settlements reached in earlier period ....................... From cost-of-living-adjustments clauses........................................... 1 Because of rounding, total may not equal sum of parts. p = preliminary. 28. Specified compensation and wage adjustments from contract settlements, and effective wage adjustments, State and local government collective bargaining situations covering 1,000 workers or more (in percent) Annual average Measure 1985 1986 First 6 months 1987 4.2 5.1 6.0 5.7 4.9 4.6 5.4 5.7 52 5.4 5.7 4.1 1.6 (4) 5.5 2.4 3.0 (4) 1.6 .4 1.2 (4) Specified adjustments: Total compensation 1 adjustments, 2 settlements covering 5,000 workers or more: First year of contract ................................................. Annual rate over life of contract......................................... Wage adjustments, settlements covering 1,000 workers or more: First year of contract ............................................................. Annual rate over life of contract........................................... Effective adjustments: Total effective wage adjustment 3 .................................................. From settlements reached in period............................................... Deferred from settlements reached in earlier periods ........................... From cost-of-living-adjustment clauses............................................ 1 Compensation includes wages, salaries, and employers’ cost of employee benefits when contract is negotiated. 2 Adjustments are the net result of increases, decreases, and no changes in compensation or wages. 29. 3 Because of rounding, total may not equal sum of parts. 4 Less than 0.05 percent. p = preliminary Work stoppages involving 1,000 workers or more Annual totals 1986 1987p Measure 1985 Number of stoppages: Beginning in period.................... In effect during period................ Workers involved: Beginning in period (in thousands)................................. In effect during period (in thousands)................................. Days idle: Number (in thousands)............... Percent of estimated working time1 .......................................... 1986 June July Aug. Sept. Nov. Dec. Jan. Feb. Mar. Apr. June May 54 61 69 72 11 15 13 22 10 22 8 17 5 17 2 9 1 6 2 7 5 7 3 5 2 5 2 6 8 12 323.9 533.0 198.0 46.7 113.3 39.4 44.3 8.7 3.0 7.3 37.6 12.2 2.7 4.5 14.9 584.1 899.5 206.8 83.1 153.0 87.4 109.9 67.8 49.4 46.9 41.6 16.2 8.9 68.4 22.1 7,079.0 11,861.0 3,677.0 859.1 1,273.6 1,225.6 1,423.7 940.4 1,873.6 828.6 194.1 104.4 151.3 158.7 248.5 .18 .04 .08 .06 .06 .05 .04 .04 .01 .01 .01 .01 .01 .03 .05 1 Agricultural and government employees are included in the total employed and total working time: private household, forestry, and fishery employees are excluded. An expla nation of the measurement of idleness as a percentage of the total time worked is found in '“Total economy’ measure of strike idleness,” Monthly Labor Review, October 1968, 106 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Oct. pp. 54-56. p = preliminary 30. Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, all items (1967 = 100, unless otherwise indicated) Series Annual average 1987 1986 July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 328.4 381.9 328.0 381.4 328.6 382.1 330.2 384.1 330.5 384.4 330.8 384.7 331.1 385.1 333.1 387.4 334.4 388.9 335.9 390.7 337.7 392.7 338.7 393.9 340.1 395.6 340.8 396.3 302.0 309.8 296.8 317.0 263.4 258.0 325.7 361.1 398.8 294.4 451.7 294.2 346.6 229.5 311.8 319.7 305.3 325.8 275.1 258.4 328.7 373.6 411.1 287.8 478.2 301.9 360.1 239.7 312.2 320.1 305.5 326.3 274.9 258.4 330.3 373.7 412.4 287.3 478.3 301.8 360.8 240.4 314.6 322.7 308.9 328.2 283.0 258.3 332.1 374.0 413.1 287.8 476.9 303.2 361.8 240.1 315.1 323.2 309.0 328.5 284.7 258.5 329.1 373.7 413.7 285.6 475.7 303.8 363.3 240.4 315.6 323.7 309.5 328.4 284.9 260.0 328.6 374.4 413.4 284.6 477.5 304.7 364.0 240.6 316.4 324.6 309.9 328.5 286.3 261.2 327.8 373.9 412.4 285.4 476.9 303.9 365.8 240.5 317.0 325.2 310.2 329.5 287.3 262.2 328.5 372.2 411.8 286.0 470.2 305.2 367.1 240.8 320.5 328.9 315.2 331.5 289.2 263.3 344.3 378.7 415.8 293.2 482.6 308.4 368.6 242.5 321.6 330.1 316.6 332.7 286.4 264.7 355.2 380.0 415.8 290.3 481.9 312.1 369.6 243.2 321.6 330.0 315.8 333.2 286.5 263.7 352.5 378.6 417.2 294.6 475.4 311.3 370.9 243.6 322.5 331.0 316.9 335.6 285.9 263.2 360.6 377.6 417.4 291.8 469.8 313.2 371.5 244.3 324.0 332.5 318.8 336.5 288.5 264.3 365.7 377.5 417.7 293.3 467.9 313.5 372.3 245.0 325.4 334.1 320.4 337.0 290.7 263.7 372.8 376.4 419.3 291.4 462.6 314.5 373.8 245.9 325.1 333.6 319.1 338.4 293.1 263.2 359.3 375.9 418.8 292.9 458.5 315.4 374.9 246.7 Housing .......................................................................................... Shelter ......................................................................................... Renters’ costs (12/82—100).................................................. Rent, residential..................................................................... Other renters’ costs ............................................................... Homeowners’ costs (12/82—100)........................................... Owners’ equivalent rent (12/82—1 00).................................. Household insurance (12/82—100)...................................... Maintenance and repairs.......................................................... Maintenance and repair services .......................................... Maintenance and repair commodities................................... Fuel and other utilities................................................................ Fuels ......................................................................................... Fuel oil, coal, and bottled g a s ............................................... Gas (piped) and electricity .................................................... Other utilities and public services............................................ Household furnishings and operations....................................... Housefurnishings...................................................................... Housekeeping supplies............................................................. Housekeeping services............................................................. 349.9 382.0 115.4 264.6 398.4 113.1 113.2 112.4 368.9 421.1 269.6 393.6 488.1 619.5 452.7 240.7 247.2 200.1 313.6 338.9 360.2 402.9 121.9 280.0 416.2 119.4 119.4 119.2 373.8 430.9 269.7 384.7 463.1 501.5 446.7 253.1 250.4 201.1 319.5 346.6 361.5 403.5 122.5 281.2 420.1 119.4 119.4 119.9 369.2 430.1 262.7 389.4 469.2 459.4 462.3 255.6 250.5 201.2 319.5 346.6 362.4 405.2 122.9 281.7 425.7 119.9 119.9 119.9 376.4 434.2 271.3 389.5 469.0 447.3 464.5 255.9 250.5 200.9 319.8 347.4 363.7 407.6 123.6 283.2 429.1 120.7 120.7 120.2 376.2 437.0 268.7 388.3 467.2 453.5 461.1 255.6 251.5 202.2 320.1 347.8 363.0 409.5 124.0 284.6 427.3 121.3 121.3 120.6 379.0 437.5 273.0 379.1 450.3 451.9 441.4 257.1 251.6 202.2 319.8 348.5 361.7 410.2 124.3 285.6 425.5 121.5 121.5 121.1 377.1 433.7 272.9 371.1 437.8 452.0 426.7 255.4 251.2 201.4 320.4 348.5 362.1 410.4 124.2 286.0 418.2 121.6 121.6 121.6 380.0 433.1 278.3 371.0 438.1 460.6 425.3 254.9 252.4 202.5 322.9 349.3 363.9 412.3 125.3 287.1 428.3 122.0 122.0 121.8 382.1 437.7 277.7 373.7 443.7 487.9 428.8 254.9 253.1 203.0 324.6 349.8 365.1 414.0 125.8 288.0 430.8 122.5 122.5 122.0 381.9 436.1 278.8 374.8 445.1 503.2 428.9 255.6 253.5 203.2 325.3 350.6 366.4 415.9 126.4 288.3 438.7 123.0 123.0 122.2 383.4 439.4 278.5 374.9 444.6 500.6 428.7 256.2 254.3 203.8 327.7 351.0 367.7 418.0 127.1 288.8 446.1 123.6 123.6 122.4 382.4 437.1 278.7 374.2 442.0 500.5 425.9 257.0 255.2 204.7 328.2 352.2 368.9 419.2 127.3 289.4 446.1 124.0 124.1 123.0 381.9 435.3 279.6 377.5 448.7 497.7 433.3 257.2 254.9 203.7 330.1 353.1 371.3 420.2 127.9 289.6 453.1 124.2 124.2 123.6 385.0 440.5 280.2 387.6 470.8 498.6 456.8 256.4 254.9 203.6 330.5 353.0 372.5 422.1 129.3 291.2 465.9 124.4 124.4 124.5 392.4 452.8 281.9 388.1 468.9 497.9 454.8 258.6 255.1 203.9 330.1 353.8 Apparel and upkeep...................................................................... Apparel commodities.................................................................. Men’s and boys’ apparel.......................................................... Women’s and girls' apparel ..................................................... Infants’ and toddlers’ apparel.................................................. Footwear................................................................................... Other apparel commodities...................................................... Apparel services.......................................................................... 206.0 191.6 197.9 169.5 299.7 212.1 215.5 320.9 207.8 192.0 200.0 168.0 312.7 211.2 217.9 334.6 203.2 187.0 195.8 159.8 307.5 209.1 218.1 334.6 207.0 191.2 197.8 167.2 310.6 209.6 221.6 334.7 212.1 196.6 203.2 175.7 309.7 212.0 221.1 336.7 213.2 197.6 204.3 176.4 312.0 215.1 219.8 338.3 213.1 197.4 205.3 175.0 307.0 215.1 221.1 339.0 210.9 194.9 202.3 171.7 312.7 214.0 220.0 339.5 207.1 190.9 199.2 166.6 301.8 209.9 223.2 342.5 208.4 192.1 199.9 167.8 304.5 211.0 226.0 343.2 215.2 199.1 203.5 177.0 319.6 216.5 227.4 344.7 218.7 202.6 205.6 182.2 319.1 219.2 227.0 344.7 218.0 201.8 207.1 179.6 316.4 220.8 226.7 346.8 214.5 198.1 205.3 173.7 308.0 218.8 230.6 347.4 210.5 194.0 203.0 168.3 301.2 214.3 231.9 348.7 Transportation ............................................................................... Private transportation.................................................................. New vehicles............................................................................. New cars................................................................................ Used cars................................................................................. Motor fuel ................................................................................. Gasoline................................................................................. Maintenance and repair............................................................ Other private transportation..................................................... Other private transportation commodities............................. Other private transportation services.................................... Public transportation................................................................... 319.9 314.2 214.9 215.2 379.7 373.8 373.3 351.4 287.6 202.6 312.8 402.8 307.5 299.5 224.1 224.4 363.2 292.1 291.4 363.1 303.9 201.6 333.9 426.4 304.7 296.5 224.5 224.7 360.3 280.2 279.8 363.4 304.5 201.6 334.6 428.0 301.3 292.8 224.5 224.7 358.0 265.9 265.3 364.3 304.5 201.8 334.6 428.0 302.2 293.7 224.2 224.5 359.5 271.1 270.6 365.0 302.3 200.3 332.3 428.5 302.6 294.1 226.7 227.1 360.6 263.2 262.6 365.7 307.6 198.9 339.3 428.7 304.3 295.8 230.2 230.7 361.0 260.9 260.2 368.4 311.6 200.0 344.1 431.7 304.8 295.9 231.7 232.2 356.6 261.9 261.2 370.7 312.0 200.4 344.5 437.5 308.5 299.8 232.3 233.0 354.6 275.8 275.1 371.3 314.9 202.2 347.7 438.9 310.0 301.3 229.9 230.2 356.9 288.1 287.5 373.0 314.0 201.8 346.7 439.8 310.6 301.9 229.2 229.4 363.0 290.0 289.4 373.0 314.4 202.3 347.0 441.4 313.3 304.8 229.9 230.4 371.6 297.2 296.7 376.1 315.1 200.8 348.6 440.8 314.6 306.3 230.6 231.3 378.6 299.7 299.3 376.1 315.9 202.3 349.1 439.6 316.7 308.6 231.2 232.0 383.0 306.0 305.5 376.3 317.6 202.3 351.3 438.1 318.5 310.5 231.8 232.7 385.5 311.2 310.8 376.8 318.8 201.6 353.2 438.3 Medical care.................................................................................. Medical care commodities .......................................................... Medical care services................................................................. Professional services............................................................... Hospital and related services.................................................. 403.1 256.7 435.1 367.3 224.0 433.5 273.6 468.6 390.9 237.4 434.8 275.4 469.8 391.7 237.4 437.5 276.0 473.0 393.3 239.5 439.7 276.7 475.7 396.1 240.1 442.3 277.5 478.8 398.0 242.3 444.6 278.2 481.5 399.8 243.8 446.8 280.8 483.4 401.0 245.0 449.6 282.4 486.5 403.7 246.7 452.4 283.9 489.6 406.8 248.1 455.0 286.3 492.1 409.6 249.0 457.3 287.5 494.7 412.5 250.1 458.9 289.6 496.0 413.9 251.0 461.3 291.5 498.4 416.7 251.8 464.1 293.4 501.5 418.9 254.6 Entertainment ................................................................................ Entertainment commodities ........................................................ Entertainment services............................................................... 265.0 260.6 271.8 274.1 265.9 286.3 274.4 265.8 287.0 274.7 266.1 287.3 275.3 265.9 289.2 276.5 266.7 290.8 277.4 267.6 291.8 277.4 267.4 292.2 278.3 268.1 293.3 278.7 268.1 294.1 279.8 269.9 294.5 281.3 270.8 296.6 282.0 271.7 297.2 282.3 271.8 297.6 283.5 272.8 299.1 Other goods and services ............................................................. Tobacco products ....................................................................... Personal care.............................................................................. Toilet goods and personal care appliances............................. Personal care services ............................................................. Personal and educational expenses........................................... School books and supplies...................................................... Personal and educational services.......................................... 326.6 328.5 281.9 278.5 286.0 397.1 350.8 407.7 346.4 351.0 291.3 287.9 295.4 428.8 380.3 440.1 344.9 354.3 291.1 287.1 295.8 421.2 375.9 431.9 346.4 356.2 292.3 289.1 296.2 422.9 376.9 433.7 353.3 356.8 292.0 288.2 296.5 445.2 389.4 457.8 354.6 357.2 293.1 289.9 297.1 447.6 392.3 460.2 354.9 357.3 293.4 289.6 297.9 448.2 392.5 460.8 355.2 357.6 293.6 289.6 298.2 448.8 392.6 461.6 358.1 364.9 295.7 291.3 300.8 450.6 400.7 462.8 359.7 368.3 296.4 292.1 301.3 452.0 403.4 464.2 360.3 369.6 296.4 292.0 301.5 452.8 403.9 465.0 361.1 370.4 297.3 292.9 302.3 453.8 404.4 466.0 362.0 370.9 299.0 294.2 304.6 454.4 404.9 466.6 362.9 372.7 299.2 294.2 304.9 455.5 405.1 467.9 365.1 379.9 300.2 295.8 305.3 456.5 405.2 469.0 1985 1986 All items............................................................................................ All items (1957-59 = 100)................................................................. 322.2 374.7 Food and beverages ..................................................................... Food............................................................................................ Food at home ........................................................................... Cereals and bakery products................................................. Meats, poultry, fish, and eggs................................................ Dairy products........................................................................ Fruits and vegetables............................................................. Other foods at home.............................................................. Sugar and sweets............................................................... Fats and oils........................................................................ Nonalcoholic beverages...................................................... Other prepared foods.......................................................... Food away from home ............................................................. Alcoholic beverages.................................................................... C O N S U M E R PR IC E IN D E X FO R A L L U R BA N CO NS UM ER S: See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 107 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Price Data 30. Continued— Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, all items (1967=100, unless otherwise indicated) Series 108 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 196.2 202.3 178.1 326.2 212.0 209.0 334.2 197.1 203.6 178.1 329.2 215.3 207.9 335.6 196.6 204.6 176.2 323.8 215.6 208.9 336.2 194.5 202.1 173.1 329.3 214.9 207.8 336.6 190.5 198.6 168.2 319.1 211.1 210.1 339.7 191.5 198.9 169.2 322.2 212.4 212.1 340.5 198.3 201.9 178.6 337.3 217.7 214.1 341.8 202.1 204.3 184.4 336.3 220.0 213.9 341.6 201.2 205.7 181.8 334.7 221.3 213.1 343.3 197.5 204.0 175.8 324.2 219.4 217.0 343.8 193.6 201.7 170.4 318.3 215.5 217.6 344.8 300.9 294.4 223.6 223.9 358.0 266.7 266.1 365.7 302.2 204.0 330.9 418.4 301.8 295.3 223.3 223.7 359.5 271.9 271.4 366.6 299.7 202.7 328.1 418.8 302.2 295.7 225.7 226.3 360.6 264.0 263.4 367.2 305.2 201.1 335.4 418.9 304.0 297.5 229.4 230.0 361.0 262.0 261.3 369.7 309.5 202.3 340.7 421.1 304.2 297.5 230.7 231.4 356.6 263.2 262.5 372.3 309.9 202.8 341.0 425.8 308.2 301.6 231.2 232.0 354.7 277.7 277.1 373.4 312.6 204.3 344.0 426.7 309.9 303.4 228.9 229.3 357.0 289.5 288.9 375.1 311.5 204.0 342.6 427.2 310.8 304.2 228.2 228.5 363.1 291.3 290.7 374.9 311.7 204.3 342.9 428.7 313.9 307.4 229.0 229.5 371.7 298.7 298.3 377.9 312.1 202.6 344.1 428.9 315.5 309.1 229.5 230.3 378.7 301.2 300.7 378.1 312.9 204.0 344.6 428.9 317.9 311.7 229.9 230.9 383.0 307.6 307.2 378.3 314.7 204.4 346.9 426.9 319.7 313.6 230.3 231.6 385.4 313.0 312.6 378.8 315.8 203.8 348.7 426.9 432.4 274.6 466.9 392.3 435.0 275.2 470.1 394.0 437.1 275.8 472.6 396.6 439.7 276.6 475.6 398.4 441.7 277.0 478.2 400.2 443.9 279.8 480.1 401.5 446.7 281.4 483.2 404.2 449.7 282.9 486.5 407.4 452.3 285.1 489.2 410.2 454.9 286.2 492.1 413.3 456.6 288.2 493.6 414.7 459.3 290.5 496.2 417.5 462.1 292.1 499.4 419.7 234.2 236.3 236.8 239.1 240.4 241.6 243.2 244.6 245.4 246.5 247.4 248.2 250.9 276.9 265.9 297.2 277.0 265.9 297.4 278.2 266.8 299.0 July Aug. 191.5 199.7 169.4 329.4 211.8 206.1 332.0 186.3 195.4 160.8 323.7 209.6 206.5 332.2 190.8 197.1 169.3 328.6 209.9 209.5 332.3 321.6 317.4 214.2 214.5 379.7 375.4 375.0 352.6 287.7 204.7 312.3 391.7 307.6 301.5 223.3 223.6 363.2 293.1 292.5 364.7 302.2 203.9 330.9 416.3 304.6 298.3 223.7 223.9 360.3 280.9 280.5 365.0 302.4 203.8 331.2 418.0 401.2 256.3 432.7 367.7 221.2 431.0 272.8 465.7 391.4 234.2 1985 1986 Apparel commodities.................................................................. Men’s and boys’ apparel.......................................................... Women’s and girls’ apparel ..................................................... Infants’ and toddlers’ apparel.................................................. Footwear................................................................................... Other apparel commodities...................................................... Apparel services.......................................................................... 191.3 198.2 171.3 311.7 212.5 203.1 318.5 Transportation ............................................................................... Private transportation.................................................................. New vehicles............................................................................. New cars................................................................................ Used cars................................................................................. Motor fuel ................................................................................. Gasoline................................................................................. Maintenance and repair............................................................ Other private transportation..................................................... Other private transportation commodities............................. Other private transportation services.................................... Public transportation................................................................... Medical care.................................................................................. Medical care commodities.......................................................... Medical care services................................................................. Professional services............................................................... Hospital and related services .............................................................. 1987 1986 Annual average Sept. Entertainment ................................................................................ Entertainment commodities ........................................................ Entertainment services................................................................ 260.1 254.2 271.6 268.7 259.5 286.0 269.0 259.6 286.5 269.2 259.8 286.7 270.0 259.8 288.9 271.1 260.6 290.7 272.1 261.7 291.6 272.3 261.7 292.0 272.9 262.2 292.7 273.4 262.3 293.9 274.4 263.7 294.2 276.0 264.7 296.6 Other goods and services ............................................................. Tobacco products....................................................................... Personal care.............................................................................. Toilet goods and personal care appliances............................. Personal care services ............................................................. Personal and educational expenses........................................... School books and supplies...................................................... Personal and educational services.......................................... 322.7 328.1 279.6 279.0 280.5 399.3 355.7 410.1 341.7 350.7 289.0 288.6 289.8 430.7 384.8 442.0 341.2 354.0 288.8 287.8 290.2 423.8 380.5 434.6 342.6 355.9 289.9 289.7 290.5 425.1 381.4 436.0 347.5 356.5 289.5 288.7 290.8 446.1 393.9 458.7 348.8 356.8 290.8 290.5 291.6 448.7 396.7 461.3 349.2 356.9 291.2 290.5 292.4 449.4 396.9 462.1 349.5 357.2 291.3 290.3 292.7 450.0 397.1 462.8 352.8 364.7 293.2 292.0 294.9 452.0 406.5 464.3 354.6 368.0 294.1 293.2 295.4 453.7 409.3 465.9 355.1 369.2 293.9 292.7 295.5 454.3 409.6 466.6 356.0 370.0 294.7 293.6 296.2 455.5 410.1 467.8 356.9 370.5 296.4 294.9 298.4 456.1 410.5 468.5 357.8 372.3 296.4 294.8 298.8 457.3 410.6 469.8 360.5 379.7 297.3 296.1 299.1 458.4 410.7 471.0 All items........................................................................................... Commodities.................................................................................. Food and beverages................................................................... Commodities less food and beverages...................................... Nondurables less food and beverages ................................... Apparel commodities.............................................................. Nondurables less food, beverages, and apparel .................. Durables.................................................................................... 318.5 286.5 301.8 274.9 283.8 191.3 334.2 265.2 323.4 283.1 311.6 264.2 265.6 191.5 306.7 264.0 322.9 281.1 312.0 260.7 260.1 186.3 301.0 263.2 323.4 281.1 314.5 259.4 258.1 190.8 295.9 262.6 324.9 282.6 315.0 261.5 261.5 196.2 298.4 263.0 325.0 282.6 315.4 261.1 260.2 197.1 296.0 264.0 325.4 283.1 316.2 261.5 259.7 196.6 295.6 265.3 325.7 283.3 316.8 261.5 259.9 194.5 296.9 265.0 327.7 285.5 320.3 262.9 262.3 190.5 304.4 265.4 329.0 287.0 321.3 264.6 266.0 191.5 310.2 264.5 330.5 288.6 321.2 267.2 270.0 198.3 311.5 265.3 332.3 290.7 322.1 269.9 273.7 202.1 315.0 266.8 333.4 291.6 323.5 270.6 274.2 201.2 316.5 267.8 334.9 292.4 325.0 270.9 274.1 197.5 319.5 268.5 335.6 292.5 324.8 271.2 274.1 193.6 322.8 269.1 Services.......................................................................................... Rent of shelter (12/84—100)..................................................... Household services less rent of shelter (12/84 —100).............. Transportation services............................................................... Medical care services................................................................. Other services ............................................................................. 377.3 103.2 102.6 332.2 432.7 310.1 395.7 109.0 103.9 350.1 465.7 326.9 397.7 109.2 106.0 350.6 466.9 325.6 399.0 109.6 106.4 350.7 470.1 326.0 400.4 110.3 106.0 349.2 472.6 332.2 401.0 110.8 103.8 353.8 475.6 333.8 401.0 111.0 102.0 357.9 478.2 334.7 401.5 111.1 101.8 359.5 480.1 335.1 403.3 111.5 102.3 361.7 483.2 336.4 404.5 111.9 102.5 361.3 486.5 337.5 405.9 112.5 102.5 361.6 489.2 338.0 407.3 113.0 102.4 363.2 492.1 339.4 408.8 113.4 103.2 363.5 493.6 340.3 411.4 113.5 105.7 364.7 496.2 340.9 412.8 114.0 105.9 365.9 499.4 342.0 Special indexes: All items less food ...................................................................... Ail items less shelter .................................................................. All items less homeowners’ costs (1 2 /8 4 -1 0 0 )....................... All items less medical care......................................................... Commodities less food................................................................ Nondurables less food ................................................................ Nondurables less food and apparel ........................................... Nondurables................................................................................ Services less rent of shelter (12/84—100)................................ Services less medical care......................................................... Energy.......................................................................................... All items less energy .................................................................. All items less food and energy .................................................. Commodities less food and energy............................................ Energy commodities ................................................................... Services less energy................................................................... 319.4 303.4 101.8 314.3 272.8 279.0 320.3 293.9 102.6 369.0 426.3 309.9 308.7 256.8 410.9 371.1 323.0 305.1 102.8 318.0 262.9 262.7 296.9 289.8 107.1 385.9 367.5 321.2 320.3 259.8 322.9 391.9 322.3 304.3 102.6 317.4 259.6 257.7 291.8 287.2 107.8 387.9 363.1 321.1 320.1 258.5 307.2 392.6 322.2 304.6 102.7 317.8 258.3 255.8 287.3 287.5 108.1 389.0 354.8 322.4 321.0 259.3 292.9 393.7 323.9 305.9 103.2 319.3 260.3 259.1 289.6 289.5 108.3 390.3 356.9 323.9 322.7 260.9 298.2 395.7 324.0 305.7 103.2 319.3 260.0 257.8 287.4 289.0 108.2 390.6 344.8 325.3 324.4 261.7 290.9 398.2 324.2 305.9 103.2 319.6 260.3 257.4 287.0 289.2 108.1 390.4 338.5 326.3 325.4 262.4 289.1 399.6 324.4 306.3 103.4 319.8 260.4 257.6 288.2 289.6 108.3 390.7 339.2 326.5 325.6 262.1 291.1 400.2 326.0 308.4 104.0 321.8 261.8 259.9 294.8 292.5 108.8 392.5 349.8 327.8 326.3 261.7 307.2 401.9 327.4 309.6 104.5 323.0 263.5 263.3 299.7 294.9 109.0 393.5 356.9 328.7 327.1 262.0 319.9 403.2 329.3 311.0 104.9 324.5 265.9 266.9 300.9 296.9 109.2 394.7 357.7 330.2 329.0 264.6 321.5 404.7 331.3 312.8 105.5 326.2 268.5 270.4 303.9 299.2 109.5 396.1 360.8 331.9 330.9 266.6 328.9 406.5 332.3 313.9 105.9 327.3 269.2 270.8 305.3 300.1 109.9 397.5 364.9 332.8 331.6 267.1 331.2 407.5 333.7 315.6 106.4 328.8 269.5 270.9 307.9 300.9 111.1 400.1 378.6 333.2 331.8 266.7 337.7 408.2 334.6 315.9 106.6 329.3 269.8 270.9 310.8 300.8 111.5 401.4 380.6 333.8 332.6 266.3 343.1 410.1 Purchasing power of the consumer dollar: 1 967-$1.00................................................................................ 1957-59-$1.00........................................................................... 31.4 27.0 30.9 26.6 31.0 26.6 30.9 26.6 30.8 26.5 30.8 26.5 30.7 26.4 30.7 26.4 30.5 26.2 30.4 26.1 30.3 26.0 30.1 25.9 30.0 25.8 29.9 25.7 29.8 25.6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 30. Continued— Consumer Price Index for All Urban Consumers: U.S. city average, by expenditure category and commodity or service group; and CPI for Urban Wage Earners and Clerical Workers, all items (1967=100, unless otherwise indicated) 1987 1986 Annual Series July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July 328.4 283.9 311.8 264.7 265.2 192.0 307.3 270.2 328.0 281.9 312.2 261.4 259.8 187.0 301.7 269.6 328.6 281.9 314.6 260.1 258.1 191.2 296.9 269.0 330.2 283.5 315.1 262.3 261.5 196.6 299.5 269.3 330.5 283.6 315.6 262.1 260.4 197.6 297.2 270.5 330.8 284.0 316.4 262.4 260.0 197.4 296.7 271.8 331.1 284.2 317.0 262.4 260.0 194.9 298.0 271.7 333.1 286.3 320.5 263.7 261.8 190.9 304.8 272.4 334.4 287.7 321.6 265.2 265.4 192.1 310.3 271.2 335.9 289.5 321.6 267.9 269.7 199.1 311.9 271.7 337.7 291.4 322.5 270.4 273.2 202.6 315.0 273.0 338.7 292.3 324.0 270.9 273.5 201.8 316.4 273.6 340.1 292.8 325.4 270.9 273.2 198.1 319.1 274.2 340.8 292.8 325.1 271.0 272.8 194.0 322.0 274.9 381.5 113.9 111.2 337.0 435.1 314.1 400.5 120.2 112.8 356.3 468.6 331.8 402.3 120.5 114.9 357.1 469.8 330.1 403.7 120.9 115.3 357.3 473.0 330.8 405.5 121.7 114.9 356.2 475.7 337.9 406.1 122.2 112.9 360.5 478.8 339.5 406.1 122.4 111.0 364.4 481.5 340.3 406.6 122.5 110.8 366.2 483.4 340.8 408.6 123.1 111.3 368.5 486.5 342.2 409.9 123.6 111.5 368.5 489.6 343.1 411.2 124.1 111.5 369.0 492.1 343.7 412.8 124.8 111.4 370.5 494.7 345.0 414.2 125.1 112.3 370.5 496.0 345.9 416.7 125.4 114.8 371.6 498.4 346.6 418.3 126.0 115.1 372.9 501.5 347.7 Special indexes: All items less food ...................................................................... All items less shelter .................................................................. All items less homeowners’ costs (12/82—100)....................... All items less medical care......................................................... Commodities less food............................................................... Nondurables less food ................................................................ Nondurables less food and apparel ........................................... Nondurables................................................................................ Services less rent of shelter (12/82 = 100)............................... Services less medical care......................................................... Energy.......................................................................................... All items less energy .................................................................. All items less food and energy .................................................. Commodities less food and energy............................................ Energy commodities ................................................................... Services less energy................................................................... 323.3 303.9 109.7 317.7 272.5 277.2 319.2 293.2 113.5 373.3 426.5 314.8 314.4 259.7 409.9 375.9 328.6 306.7 111.2 322.6 263.4 262.2 297.1 289.6 118.7 390.6 370.3 327.0 327.1 263.2 322.4 397.1 328.0 306.1 111.0 322.1 260.2 257.3 292.2 287.1 119.5 392.5 366.5 326.9 326.9 262.0 306.6 397.7 328.1 306.4 111.2 322.6 259.0 255.6 287.9 287.4 119.8 393.6 358.6 328.3 327.9 262.9 292.4 399.0 330.0 307.9 111.7 324.2 261.1 258.9 290.2 289.4 120.2 395.4 360.6 330.0 329.9 264.5 297.7 401.4 330.2 307.8 111.7 324.4 260.9 257.8 288.1 289.0 120.1 395.7 348.6 331.4 331.6 265.5 290.6 403.7 330.4 308.0 111.8 324.5 261.2 257.4 287.7 289.2 120.0 395.4 341.7 332.3 332.5 266.1 288.5 405.0 330.6 308.3 111.9 324.8 261.2 257.5 288.9 289.5 120.2 395.8 342.4 332.6 332.8 265.8 290.5 405.7 332.2 310.3 112.7 326.7 262.5 259.2 294.9 292.1 120.8 397.6 352.2 334.0 333.6 265.5 306.1 407.5 333.6 311.5 113.1 328.0 264.0 262.6 299.6 294.6 121.1 398.8 359.2 334.9 334.5 265.7 319.2 408.9 335.4 312.9 113.6 329.4 266.5 266.4 301.0 296.8 121.3 400.0 360.0 336.5 336.4 268.4 320.9 410.4 337.3 314.6 114.2 331.1 268.9 269.6 303.7 299.1 121.6 401.5 362.4 338.2 338.3 270.3 328.0 412.3 338.3 315.6 114.6 332.2 269.4 270.0 305.0 300.0 122.1 402.9 366.9 339.0 338.9 270.7 330.2 413.2 339.6 317.1 115.1 333.5 269.5 269.8 307.4 300.5 123.2 405.4 380.6 339.5 339.1 270.1 336.4 414.1 340.5 317.4 115.3 334.1 269.6 269.5 309.9 300.1 123.7 406.8 382.4 340.1 339.9 269.6 341.4 416.0 Purchasing power of the consumer dollar: 1967 -$ 1 .0 0 ................................................................................ 1957-59-$1.00........................................................................... 31.0 26.7 30.5 26.2 30.5 26.2 30.4 26.2 30.3 26.0 30.3 26.0 30.2 26.0 30.2 26.0 30.0 25.8 29.9 25.7 29.8 25.6 29.6 25.5 29.5 25.4 29.4 25.3 29.3 25.2 All items ......................................................................................... All items (1957-59-100)................................................................. 318.5 370.4 323.4 376.1 322.9 375.5 323.4 376.1 324.9 377.8 325.0 378.0 325.4 378.4 325.7 378.8 327.7 381.1 329.0 382.6 330.5 384.4 332.3 386.5 333.4 387.8 334.9 389.5 335.6 390.3 Food and beverages ..................................................................... Food............................................................................................ Food at home ........................................................................... Cereals and bakery products................................................. Meats, poultry, fish, and eggs................................................ Dairy products........................................................................ Fruits and vegetables............................................................. Other foods at home.............................................................. Sugar and sweets............................................................... Fats and oils........................................................................ Nonalcoholic beverages...................................................... Other prepared foods.......................................................... Food away from home ............................................................. Alcoholic beverages.................................................................... 301.8 309.3 295.3 315.4 262.7 256.9 320.3 361.5 398.3 293.9 453.2 295.7 349.7 232.6 311.6 319.2 303.7 324.2 274.4 257.1 323.8 373.5 410.5 287.2 478.1 303.2 363.4 242.5 312.0 319.5 303.9 324.6 274.0 257.0 325.6 373.4 411.9 286.6 477.6 303.1 364.2 243.4 314.5 322.3 307.3 326.7 282.2 256.9 327.2 373.9 412.6 287.1 476.9 304.5 365.2 243.0 315.0 322.8 307.5 326.8 284.0 257.1 324.2 373.5 413.0 285.1 475.5 305.2 366.6 243.4 315.4 323.3 307.9 326.8 284.4 258.6 322.9 374.4 412.8 284.1 477.7 305.9 367.3 243.5 316.2 324.2 308.4 327.0 285.8 259.9 322.2 373.9 411.9 284.5 477.1 305.3 369.2 243.4 316.8 324.8 308.7 328.0 286.6 260.9 323.4 372.2 411.2 285.5 470.3 306.6 370.5 243.9 320.3 328.4 313.4 330.0 288.5 262.0 338.2 378.9 414.9 292.6 483.7 309.7 372.2 245.4 321.3 329.5 314.6 331.2 285.8 263.6 348.2 380.0 414.8 289.9 482.5 313.3 373.2 246.2 321.2 329.4 313.8 331.6 285.6 262.4 346.0 378.8 416.5 293.9 476.9 312.6 374.3 246.5 322.1 330.2 314.9 334.1 285.2 262.0 353.6 377.8 416.5 291.3 471.3 314.5 374.8 247.2 323.5 331.8 316.8 334.8 287.9 263.1 358.5 377.9 417.1 292.6 470.0 314.9 375.6 247.8 325.0 333.4 318.5 335.4 290.0 262.5 366.7 376.8 418.7 290.7 464.5 315.8 377.1 248.6 324.8 333.1 317.5 336.8 292.5 261.9 354.1 376.3 418.3 292.2 460.5 316.7 378.2 249.2 Housing .......................................................................................... Shelter ......................................................................................... Renters’ costs (12/84—100).................................................. Rent, residential..................................................................... Other renters’ costs ............................................................... Homeowners’ costs (12/84 —100)........................................... Owners’ equivalent rent (12/84=100) .................................. Household insurance (12/8 4=1 0 0 )...................................... Maintenance and repairs.......................................................... Maintenance and repair services .......................................... Maintenance and repair commodities................................... Fuel and other utilities................................................................ Fuels ......................................................................................... Fuel oil, coal, and bottled gas ............................................... Gas (piped) and electricity .................................................... Other utilities and public services............................................ Household furnishings and operations....................................... Housefurnishings...................................................................... Housekeeping supplies............................................................. Housekeeping services............................................................. 343.3 370.4 103.6 263.7 397.9 103.1 103.0 103.2 364.1 415.0 261.1 394.7 487.5 622.0 451.6 241.6 243.4 197.6 310.7 340.2 353.2 390.7 109.5 279.1 416.0 108.8 108.8 109.4 369.4 425.3 262.5 385.4 462.7 504.5 445.6 253.8 246.5 198.4 317.1 348.2 354.5 391.5 110.0 280.3 420.4 108.8 108.8 110.1 366.7 425.2 259.0 390.3 469.1 462.9 461.4 256.3 246.5 198.4 317.1 348.4 355.4 392.9 110.3 280.8 426.1 109.3 109.2 110.1 371.5 428.6 263.5 390.6 469.3 450.7 464.1 256.6 246.6 198.3 317.3 349.1 356.6 395.2 110.9 282.2 428.9 110.0 110.0 110.4 370.6 430.7 261.1 389.1 467.1 456.6 460.3 256.2 247.5 199.4 317.9 349.5 355.6 397.1 111.4 283.6 426.7 110.5 110.5 110.8 373.1 431.1 264.3 379.3 449.2 454.8 439.6 257.8 247.5 199.3 317.8 350.1 354.3 397.8 111.7 284.6 424.8 110.7 110.7 111.3 372.4 428.2 265.0 371.3 437.1 455.0 425.3 255.8 247.2 198.5 318.4 350.1 354.8 398.1 111.6 285.1 417.3 110.8 110.8 111.7 374.6 428.1 268.0 371.1 437.3 463.5 423.8 255.3 248.5 199.7 320.6 350.8 356.3 399.6 112.3 286.1 424.9 111.1 111.1 111.9 377.3 434.5 267.6 373.9 442.7 489.3 427.4 255.6 248.9 200.0 322.0 351.2 357.5 401.2 112.7 287.0 427.6 111.6 111.5 112.1 376.9 432.5 268.4 374.9 443.7 503.9 427.3 256.5 249.4 200.2 323.1 352.0 358.8 403.2 113.3 287.3 439.0 112.1 112.1 112.4 378.5 436.8 267.9 375.1 443.2 501.4 427.0 257.1 250.1 200.7 325.2 352.3 360.0 405.1 113.8 287.8 448.1 112.7 112.7 112.5 378.0 435.7 267.9 374.3 440.7 501.1 424.4 257.8 250.8 201.4 325.7 353.3 361.1 406.3 114.0 288.3 449.2 113.1 113.1 113.1 378.0 433.2 269.7 377.5 446.9 498.2 431.2 258.1 250.5 200.5 327.2 354.0 363.5 406.9 114.2 288.5 453.1 113.2 113.2 113.8 380.9 438.3 270.5 388.0 470.0 499.4 455.4 257.4 250.4 200.5 327.5 354.0 364.6 408.7 115.3 290.0 467.0 113.4 113.4 114.6 386.4 449.8 270.7 388.3 467.6 498.4 453.0 259.5 250.7 200.8 327.6 354.4 Apparel and upkeep ...................................................................... 205.0 206.5 201.8 205.9 211.0 211.9 211.5 209.6 205.8 206.9 213.7 217.4 216.6 213.0 209.1 1985 1986 All items............................................................................................ Commodities.................................................................................. Food and beverages................................................................... Commodities less food and beverages...................................... Nondurables less food and beverages ................................... Apparel commodities.............................................................. Nondurables less food, beverages, and apparel .................. Durables.................................................................................... 322.2 286.7 302.0 274.6 282.1 191.6 333.3 270.7 Services.......................................................................................... Rent of shelter (12/82—100)..................................................... Household services less rent of shelter (12/82 —100)............. Transportation services............................................................... Medical care services................................................................. Other services ............................................................................. C O N S U M E R PR IC E IN D E X FO R UR BA N W A G E EA R N ER S A N D C L E R IC A L W O R KE RS: See footnotes at end of table. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 109 MONTHLY LABOR REVIEW 31. September 1987 • Current Labor Statistics: Price Data Consumer Price Index: U.S. city average and available local area data: all items (1967=100, unless otherwise indicated) Urban Wage Earners All Urban Consumers Area1 Pricing sche index base dule2 July U.S. city average................... Region and area size3 Northeast urban..................... Size A - More than 1,200,000 ............................. Size B - 500,000 to 1,200,000 ............................. Size C - 50,000 to 500,000 ................................ North Central urban ............... Size A - More than 1,200,000 ............................. Size B - 360,000 to 1,200,000 ............................. Size C - 50,000 to 360,000 ................................ Size D - Nonmetro politan (less than 50,0000 ....................... South urban............................ Size A - More than 1,200,000 ............................. Size B - 450,000 to 1,200,000 ............................. Size C - 50,000 to 450,000 ................................ Size D - Nonmetro politan (less than 50,000) ........................ West urban............................. Size A - More than 1,250,000 ............................. Size B - 330,000 to 1,250,000 ............................. Size C - 50,000 to 330,000 ................................ Size classes: A ........................................... B ........................................... C .......................................... D .......................................... Selected local areas Chicago, ILNorthwestern IN ................... Los Angeles-Long Beach, Anaheim, C A ........... New York, NYNortheastern N J ................... Philadelphia, PA-NJ................ San FranciscoOakland, C A .......................... 1987 1986 M - M 12/77 328.0 M 12/77 . M 12/77 _ Aug. Mar. Apr. June July 340.8 July Aug. Mar. Apr. May June July 322.9 323.4 330.5 332.3 333.4 334.9 335.6 172.2 177.0 178.2 178.9 179.5 179.9 168.8 173.0 174.4 175.2 176.1 176.3 328.6 335.9 337.7 338.7 340.1 175.0 179.9 181.0 181.7 182.4 182.7 180.7 _ 182.5 _ 171.8 177.7 179.3 179.7 179.0 179.5 193.1 175.3 193.1 176.2 193.5 176.7 194.1 178.3 195.1 178.6 173.1 177.5 178.8 179.5 180.5 174.7 180.7 182.3 182.8 182.0 182.8 176.2 188.8 179.5 188.9 180.4 189.0 180.8 189.7 182.4 190.9 182.6 _ - 187.2 172.2 . 180.7 183.2 184.0 184.5 186.6 186.9 _ 175.0 177.3 178.3 178.8 180.7 181.0 12/77 . 172.5 177.8 179.5 179.5 180.2 180.2 _ 168.1 173.1 174.6 174.8 175.5 175.6 M 12/77 . 167.7 171.5 172.2 173.0 174.0 174.3 172.4 175.3 175.1 179.0 175.7 179.7 176.2 180.3 177.4 181.0 178.2 181.6 176.1 179.6 180.7 181.4 182.1 182.7 M M 12/77 12/77 M 12/77 M M M 12/77 12/77 M 12/77 M - . 12/77 . 171.2 175.3 176.1 176.9 177.8 178.2 » 171.4 176.4 174.0 180.2 174.6 180.9 174.9 181.4 176.1 182.1 176.7 182.6 - 176.7 180.4 181.5 182.0 182.6 183.3 _ 174.6 178.1 178.7 179.1 179.6 180.0 175.3 179.3 179.8 180.4 181.6 182.2 175.0 176.4 178.4 180.1 178.6 181.1 179.5 181.7 179.7 181.9 180.6 182.1 178.6 182.3 183.0 183.2 183.7 184.1 _ 174.8 178.8 179.2 179.8 180.8 181.4 _ 174.3 179.0 177.8 182.7 178.0 183.8 178.9 184.4 179.1 184.5 179.9 184.7 182.0 186.1 187.2 188.1 187.9 188.1 _ M 12/77 M M 12/77 12/77 M 12/77 176.9 181.0 182.1 182.9 182.8 182.9 M 12/77 . 178.1 181.4 182.7 183.2 183.9 184.0 _ 178.3 181.5 182.8 183.5 184.0 184.2 M 12/77 - 173.0 175.2 175.8 175.2 176.4 176.6 - 171.1 173.3 173.8 173.2 174.2 174.6 M M M M 12/77 12/77 12/77 12/77 - 176.6 175.0 173.8 101.6 181.0 179.1 176.9 102.2 182.1 179.6 177.4 102.5 182.4 180.0 178.2 103.0 182.7 181.0 178.8 103.2 183.0 181.5 179.5 322.9 _ - 323.4 173.5 174.8 174.5 330.5 177.8 178.9 177.6 332.3 178.9 179.4 178.1 333.4 179.3 179.8 178.9 334.9 179.6 180.8 179.6 335.6 179.9 181.4 180.3 M 331.1 331.4 335.5 337.1 338.4 345.0 346.1 316.0 316.2 320.1 321.6 322.7 328.9 330.0 M 330.9 330.9 341.4 342.8 345.1 344.2 344.1 323.8 323.5 333.4 334.8 337.1 336.3 336.2 M M - 325.1 323.0 325.9 323.1 334.7 329.4 337.0 333.8 339.0 336.2 340.6 339.0 340.7 339.1 316.5 324.6 317.2 324.4 325.7 330.4 328.2 334.9 330.2 337.5 331.7 340.4 331.6 340.7 M - - 345.5 349.6 353.0 353.5 353.5 356.0 - 339.0 343.4 346.9 347.0 347.3 349.3 330.2 323.6 _ - 171.6 320.6 330.2 - - 337.4 332.9 334.2 179.2 326.3 343.2 - 329.9 333.2 334.7 333.3 178.6 324.3 340.1 - - - 343.8 338.0 361.4 180.5 334.7 343.1 327.9 320.8 171.2 325.6 329.3 340.1 335.1 357.5 179.1 330.5 340.5 _ 352.7 335.9 336.8 356.8 178.4 328.8 338.0 _ - 341.9 336.3 337.9 180.9 331.0 345.4 _ _ - 307.5 339.1 312.8 330.5 309.2 Baltimore, MD ........................ Boston, MA ............................ Cleveland, O H ........................ Miami, F L ................................ St. Louis, MO-IL..................... Washington, DC-MD-VA ........ _ 1 1 1 1 11/77 1 1 - Dallas-Ft. Worth, T X ............... Detroit, M l............................... Houston, TX ........................... Pittsburgh, PA ........................ 2 2 2 2 _ - - _ - 318.4 - - - - 346.2 323.2 332.9 330.1 _ - - 351.8 330.5 341.1 338.2 1 Area is the Consolidated Metropolitan Statistical Area (CMSA), exclu sive of farms and military. Area definitions are those established by the Of fice of Management and Budget in 1983, except for Boston-Lawrence-Salem, MA-NH Area (excludes Monroe County); and Milwaukee, Wl Area (in cludes only the Milwaukee MSA). Definitions do not include revisions made since 1983. 2 Foods, fuels, and several other items priced every month in all areas; most other goods and services priced as indicated:. M - Every month. 1 - January, March, May, July, September, and November. 2 - February, April, June, August, October, and December. Digitized for 110FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May 1987 1986 _ - - 354.1 330.2 341.5 338.9 - - - - “ ” - - - - 344.4 319.9 338.5 316.6 - ” 347.4 319.7 339.7 317.8 - - " 3 Regions are defined as the four Census regions. - Data not available. NOTE: Local area CPI indexes are byproducts of the national CPI pro gram. Because each local index is a small subset of the national index, it has a smaller sample size and is, therefore, subject to substantially more sampling and other measurement error than the national index. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. Therefore, the Bureau of Labor Sta tistics strongly urges users to consider adopting the national average CPI for use in escalator clauses. 32. Annual data: Consumer Price Index all items and major groups Series Consumer Price Index for All Urban Consumers: All items: In d e x ..................................................... Percent ch a n g e ................................. Food and beverages: In d e x ........................................ Percent ch a n g e ............................... Housing: In d e x ....................................................... Percent c h a n g e ..................................... Apparel and upkeep: In d e x ............................................. Percent ch a n g e ........................................ Transportation: In d e x ................................................. Percent ch a n g e .................................. Medical care: In d e x ............................................ Percent ch a n g e ....................................... Entertainment: In d e x .................................................. Percent ch a n g e ................................... Other goods and services: In d e x .......................................... Percent ch a n g e .................................... Consumer Price Index for Urban Wage Earners and Clerical Workers: All items: In d e x ........................................ Percent ch a n g e ............................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis — 1978 1979 1980 1981 1982 1983 1984 1985 1986 195.4 7.7 217.4 11.3 246.8 13.5 272.4 10.4 289.1 6.1 298.4 3.2 311.1 4.3 322.2 3.6 328.4 1.9 206.3 9.7 228.5 10.8 248.0 8.5 267.3 7.8 278.2 4.1 284.4 2.2 295.1 3.8 302.0 2.3 311.8 3.2 202.8 8.7 227.6 12.2 263.3 15.7 293.5 11.5 314.7 7.2 323.1 2.7 336.5 4.1 349.9 4.0 360.2 2.9 159.6 3.5 166.6 4.4 178.4 7.1 186.9 4.8 191.8 2.6 196.5 2.5 200.2 1.9 206.0 2.9 207.8 .9 185.5 4.7 212.0 14.3 249.7 17.8 280.0 12.1 291.5 4.1 298.4 2.4 311.7 4.5 319.9 2.6 307.5 -3.9 219.4 8.4 239.7 9.3 265.9 10.9 294.5 10.8 328.7 11.6 357.3 8.7 379.5 6.2 403.1 6.2 433.5 7.5 176.6 5.3 188.5 6.7 205.3 8.9 221.4 7.8 235.8 6.5 246.0 4.3 255.1 3.7 265.0 3.9 274.1 3.4 183.3 6.4 196.7 7.3 214.5 9.0 235.7 9.9 259.9 10.3 288.3 10.9 307.7 6.7 326.6 6.1 346.4 6.1 195.3 7.6 217.7 11.5 247.0 13.5 272.3 10.2 288.6 6.0 297.4 3.0 307.6 3.4 318.5 3.5 323.4 1.5 MONTHLY LABOR REVIEW 33. September 1987 • Current Labor Statistics: Price Data Producer Price Indexes, by stage of processing (1967 = 100) 1985 293.7 291.8 271.2 Finished consumer goods excluding Finished consumer goods less e n e rg y ........ Finished goods less food and energy ......... Finished consumer goods less food and Jan. Dec. Feb. Apr. May June July 297.8 293.8 287.6 292.3 292.6 287.5 280.3 295.0 290.3 283.3 296.3 292.0 286.7 296.8 292.7 287.7 284.4 285.3 253.2 311.2 250.7 310.7 286.3 312.2 250.6 310.5 288.9 315 2 252.1 311.7 289.6 316.5 252.0 311.9 290.1 317.4 251.9 311.6 292.0 320.2 252.3 312.1 290.7 285.1 283.1 290.4 284.8 282.9 291.8 280.1 277.4 304.5 241.7 303.9 281.0 301.9 253.5 309.9 281.2 302.2 253.5 310.4 304.8 304.8 305.0 307.0 308.9 309.3 317.1 306.1 314.8 304.5 312.7 307.6 310.9 318.7 299.5 258.8 285.9 320.2 291.5 296.1 251.0 279.1 313.8 294.4 296.0 255.5 277.1 313.6 294.9 296.2 254.3 277.0 314.9 295.0 296.4 253.9 277.5 315.3 294.9 296.4 253.2 278.0 314.9 294.9 296.4 253.2 278.3 313.9 295.2 297.8 251.1 281.3 315.8 295.8 298.7 251.6 283.1 316.2 296.1 299.5 250.4 283.9 317.8 297.0 301.3 255.3 286.3 320.3 297.1 303.2 261.5 287.9 323.9 297.3 304.6 261.2 291.6 325.3 297.2 306.4 262.0 293.1 329.7 298.0 315.2 548.9 311.2 284.2 317.4 430.2 314.9 287.3 317.6 395.0 316.2 287.1 317.6 409.1 317.4 288.0 317.3 394.9 318.1 287.5 317.5 392.8 319.0 288.0 316.9 395.5 319.2 288.2 317.1 406.7 320.7 317.9 318.7 416.0 324.9 289.6 319.3 420.8 325.3 290.7 319.9 425.0 325.0 292.1 320.2 437.5 326.1 292.7 321.8 449.5 326.1 293.2 306.1 235.0 459.2 280.3 231.0 386.8 276.3 238.1 358.3 275.4 233.5 365.6 277.2 235.0 367.9 279.2 236.8 370.3 277.0 233.5 370.6 284.2 227.6 394.2 287.2 229.9 288.6 229.6 402.0 295.5 239.4 405.4 304.7 251.3 414.0 304.9 246.5 420.1 307.8 243.1 431.0 299.0 720.9 269.2 261.3 268.7 291.1 518.5 275.6 267.9 274.9 286.8 456.2 277.2 270.0 274.8 286.1 471.7 275.5 268.5 272.9 290.4 452.1 280.0 272.6 278.9 290.7 453.7 280.0 272.4 279.1 290.4 454.6 279.6 272.0 278.7 293.2 477.4 279.7 271.8 279.8 293.6 489.6 279.3 294.3 495.5 279.5 271.8 279.5 296.4 511.5 281.1 273.4 280.5 296.9 516.5 282.2 274.9 280.7 297.2 520.7 282.5 275.3 280.7 298.6 527.5 283.1 276.0 281.6 262.6 262.6 262.2 263.4 262.9 263.3 265.7 256.7 264.5 258.4 264.4 258.4 264.1 252.1 254.8 254.9 254.7 256.4 257.2 257.9 260.7 254.2 258.9 253.8 258.7 253.0 258.2 246.2 325.0 232.8 528.3 304.0 313.3 230.3 414.4 303.5 309.9 232.1 380.7 303.5 311.5 233.2 393.8 304.0 310.4 230.3 380.3 303.9 310.3 231.0 378.3 304.1 310.5 312.8 314.7 380.7 304.1 391.3 305.2 315.3 227.6 400.3 306.8 316.8 232.3 404.9 308.2 318.1 240.2 408.1 309.8 320.3 241.3 420.1 310.8 322.8 241.1 431.7 312.2 304.8 304.9 304.8 306.2 307.2 308.1 313.2 304.6 311.6 304.2 310.5 304.4 309.3 305.2 748.1 233.2 249.7 575.8 229.2 245.6 520.4 232.4 235.9 533.9 229.7 239.1 534.4 231.6 242.3 537.0 233.3 244.4 533.2 231.5 247.1 578.0 228.1 250.3 584.4 590.1 230.6 590.9 238.4 257.6 606.9 248.4 263.1 612.2 247.1 271.1 629.5 246.0 276.4 Intermediate materials less foods and Intermediate materials less foods and Digitized for112 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 290.7 285.2 283.6 Nov. 277.5 301.6 245.8 306.2 Consumer nondurable goods less food and Crude nonfood materials less e n e rg y........ 287.3 282.5 282.9 Oct. 283.5 311.2 246.8 306.4 Materials and components for Sp ecial group ing s 288.1 283.0 284.0 289.7 284.9 278.1 Sept. 297.3 339.3 241.5 300.5 Materials and components for C ru d e m a terials fo r fu rth e r proce ssin g Aug. 1986 Mar. 280.8 302.1 252.8 310.1 In te rm e d ia te m aterials, supplies, and Materials for nondurable manufacturing . Materials for durable m anufacturing....... 1987 1986 Annual average G ro uping - _ 323.6 252.8 34. Producer Price indexes, by durability of product (1967 = 100) Annual average 1987 1986 G ro uping 1985 1986 Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Total durable g o o d s ........................................ Total nondurable g o o d s .................................. 297.3 317.2 300.0 298.8 299.9 294.2 298.8 295.6 302.2 294.4 302.4 294.8 302.1 294.7 302.9 298.2 302.8 300.7 303.4 301.1 304.3 304.5 304.9 308.0 305.2 309.8 306.2 312.0 Total m anufactures.......................................... D u rab le............................................................ Nondurable .................................................... 304.3 298.1 310.5 297.6 300.8 294.0 295.5 300.8 289.7 296.0 299.6 292.1 297.0 303.1 290.4 297.1 303.3 290.5 297.2 302.9 291.0 299.5 303.7 294.7 300.7 303.5 297.4 300.8 304.1 297.0 302.9 305.0 300.4 304.4 305.5 302.9 305.4 305.4 304.9 306.8 306.3 306.8 Total raw or slightly processed goods ........ D u ra b le ............................................................ Nondurable .................................................... 327.9 252.2 332.4 305.6 252.0 308.6 300.4 252.0 303.0 299.0 252.8 301.6 299.2 252.0 301.8 300.6 254.4 303.1 298.6 255.4 300.9 301.6 258.8 303.9 303.6 260.9 305.8 305.9 261.1 308.3 308.9 263.2 311.4 315.2 268.4 317.7 316.9 279.0 318.8 320.0 286.3 321.7 35. Annua! data: Producer Price Indexes, by stage of processing (1967 = 100) Index 1978 1979 1980 1981 1982 1983 1984 1985 1986 195.9 194.9 199.2 217.7 217.9 216.5 247.0 248.9 239.8 269.8 271.3 264.3 280.7 281.0 279.4 285.2 284.6 287.2 291.1 290.3 294.0 293.7 291.8 300.5 289.7 284.9 306.4 215.6 243.2 280.3 306.0 310.4 312.3 320.0 318.7 307.6 208.7 224.7 295.3 202.8 198.5 234.4 247.4 364.8 226.8 218.2 265.7 268.3 503.0 254.5 244.5 286.1 287.6 595.4 276.1 263.8 289.8 293.7 591.7 285.6 272.1 293.4 301.8 564.8 286.6 277.1 301.8 310.3 566.2 302.3 283.4 299.5 315.2 548.9 311.2 284.2 296.1 317.4 430.2 314.9 287.3 234.4 216.2 272.3 426.8 274.3 247.9 330.0 507.6 304.6 259.2 401.0 615.0 329.0 257.4 482.3 751.2 319 5 247.8 473.9 886.1 323.6 252.2 477.4 931.5 330 8 259.5 484.5 931.3 306 1 235.0 459.2 909.6 280.3 231.0 386.8 817.2 Finished goods: Total ........................................................................... Consumer g o o d s ................................................. Capital equipment ............................................... In te rm e d ia te m aterials, supplies, and c om po nents: Total ........................................................................... Materials and components for m anufacturing..................................................... Materials and components for construction .... Processed fuels and lu b ric a n ts ......................... Containers ............................................................. S u p p lie s ................................................................. C ru d e m a terials fo r fu rth e r processing: Foodstuffs and feedstuffs .................................. Nonfood materials except fuel .......................... Fuel ........................................................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 113 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Price Data 36. U.S. export price indexes by Standard International Trade Classification, (June 1977=100, unless otherwise indicated) C a te g o ry 1974 SITO Dec. Mar. June 1987 1986 1985 1984 Sept. Dec. Mar. June Sept. Dec. Mar. June 98.1 97.5 97.5 96.5 96.7 97.0 96.7 95.1 96.2 97.2 99.9 0 01 03 04 05 08 09 96.5 104.4 98.7 92.9 114.7 82.4 108.4 95.8 103.9 101.0 92.4 119.5 72.8 110.6 94.0 104.7 103.6 90.3 120.2 68.6 109.2 90.2 106.1 102.6 82.6 126.9 75.7 108.1 93.6 112.2 101.8 87.1 118.9 83.4 107.7 90.5 111.5 102.2 82.1 115.3 88.5 106.0 89.5 114.7 106.2 79.1 125.8 85.5 104.7 77.2 122.0 111.2 59.0 131.4 90.2 106.6 81.2 122.6 116.9 64.8 131.9 87.4 108.2 79.8 123.4 118.5 62.9 130.8 85.7 108.6 83.4 129.0 122.9 66.5 130.8 93.7 110.0 1 11 12 101.3 103.7 101.1 99.9 104.0 99.5 100.1 105.3 99.6 99.7 101.8 99.5 98.6 100.9 98.4 95.6 101.9 95.1 96.5 103.0 95.9 96.3 102.2 95.8 101.6 102.9 101.4 101.7 104.7 101.4 104.0 104.8 104.0 Raw hides and skins (6/80 = 100) .................................................................. Oilseeds and oleaginous fruit (9 /7 7 = 1 0 0 ) ................................................... Crude rubber (including synthetic and reclaimed) (9/83 = 1 0 0 )................ W o o d .................................................................................................................... Pulp and waste paper (6/83 — 100) ................................................................ Textile fib e rs ........................................................................................................ Crude fertilizers and m in e ra ls .......................................................................... Metalliferous ores and metal scrap ................................................................ 2 21 22 23 24 25 26 27 28 101.4 133.6 74.8 104.0 125.4 114.2 106.7 163.2 92.4 97.5 121.0 71.0 106.4 128.7 100.5 102.4 165.6 89.2 96.8 126.2 71.2 106.3 125.7 96.1 105.8 167.9 82.0 93.3 129.0 64.2 107.1 124.5 93.8 103.6 169.4 80.1 92.5 139.9 63.9 106.0 128.1 92.7 97.7 165.5 78.7 95.8 138.9 66.9 106.0 128.7 98.8 101.6 168.0 83.4 95.6 148.9 65.8 106.1 128.7 109.7 98.6 166.1 80.5 92.3 138.0 64.5 105.3 129.7 119.8 74.7 164.3 84.6 94.8 148.3 62.9 104.4 135.5 121.2 92.2 162.8 80.7 97.3 168.8 60.4 139.0 133.0 99.7 155.6 82.2 106.4 191.2 68.6 111.8 146.2 138.7 115.0 155.1 90.7 M ineral f u e l s .................................................................................................................... 3 99.7 100.1 99.2 97.6 96.6 91.9 86.7 85.7 84.7 85.6 84.4 Anim al and v e g e ta b le s oils, fats , and w a x e s .................................................. 4 42 147.9 156.7 142.0 152.9 144.5 164.8 114.5 128.8 101.4 108.7 90.8 95.4 84.4 95.3 76.5 80.8 86.8 87.Q 88.9 89.1 94.5 94.7 5 51 56 97.7 94.7 94.8 97.0 93.8 92.5 96.8 96.5 87.9 97.1 97.1 89.8 96.6 95.4 90.0 96.5 93.5 88.6 95.4 89.3 84.0 93.1 88.0 77.4 92.2 89.4 68.7 96.6 99.5 75.4 103.1 114.3 80.4 6 61 62 64 67 68 69 100.4 79.0 148.5 159.5 96.5 82.5 105.0 99.4 82.5 150.2 155.0 95.5 79.7 105.4 99.2 79.2 149.0 151.6 95.3 79.6 105.2 99.2 75.9 148.3 149.6 95.9 79.8 105.4 99.1 78.5 148.7 148.2 98.2 78.2 104.4 100.3 77.8 151.0 152.2 98.4 80.2 105.3 101.2 82.5 150.0 158.7 99.4 79.1 105.5 102.2 84.2 150.4 165.3 100.2 79.4 105.6 102.7 88.0 151.3 167.9 100.1 78.8 105.7 104.4 96.3 152.1 174.4 101.5 80.3 105.7 106.8 101.1 153.9 177.7 101.5 90.2 105.6 7 71 72 73 74 75 76 77 78 79 141.5 167.5 153.4 151.9 150.2 101.4 134.3 114.6 131.8 191.7 142.3 165.3 155.0 153.4 152.4 100.9 133.3 114.9 133.1 195.5 142.9 167.4 155.7 155.1 152.0 100.0 133.3 116.1 133.9 196.6 143.1 167.1 156.0 156.3 152.4 99.9 134.1 115.3 133.8 199.3 143.3 167.5 156.2 158.4 152.2 99.4 134.5 113.8 135.0 200.7 144.0 169.1 155.5 159.0 152.3 99.9 136.5 115.1 135.5 203.3 144.2 169.2 154.7 158.9 153.3 99.2 137.0 114.2 136.4 206.8 144.6 169.5 155.0 160.4 154.4 98.9 137.8 114.4 136.5 207.4 145.5 171.4 155.7 161.8 155.3 98.1 139.7 114.9 137.9 209.7 146.2 173.0 154.7 165.0 157.7 96.1 141.3 117.0 138.0 211.4 146.8 172.8 156.0 165.8 157.8 96.0 140.8 117.3 138.5 214.7 8 84 87 99.3 103.4 171.7 99.5 104.7 175.5 100.4 104.7 178.3 100.3 105.0 178.7 100.3 105.3 178.8 102.6 182.1 103.4 104.1 105.3 107.3 183.8 183.8 104.3 110.0 184.8 186.4 188.5 88 130.3 128.0 129.1 127.5 128.5 131.6 132.9 132.7 132.0 133.4 133.1 Miscellaneous manufactured articles, n.e.s.................................................... 89 94.1 92.4 93.1 93.1 92.4 95.6 95.6 97.6 97.7 98.1 102.1 G old, n o n -m o n e ta ry ( 6 / 8 3 = 1 0 0 ) ........................................................................... 971 79.5 69.1 75.4 77.4 77.5 81.8 82.2 97.5 94.5 98.2 108.4 A L L C O M M O D IT IE S ( 9 /8 3 - 1 0 0 ) ..................................................................... Foo d ( 3 /8 3 - 1 0 0 ) ................................................................................................. Meat ( 3 /8 3 - 1 0 0 ) ............................................................................................... Fish ( 3 /8 3 - 1 0 0 ) ................................................................................................ Grain and grain preparations (3 /8 0 —100) ................................................... Vegetables and fruit (3/83 —100) ................................................................... Feedstuffs for animals ( 3 /8 3 - 1 0 0 ) ................................................................ Misc. food products (3/83 —1 0 0 ).................................................................... B e v e ra g e s and to b a c c o (6/83 —1 0 0 )............................................................. Beverages (9/83 — 1 0 0 ).................................................................................... Tobacco and tobacco products (6 /8 3 —1 0 0 ) ............................................... C ru d e m aterials ( 6 /8 3 - 1 0 0 ) ............................................................................ Fixed vegetable oils and fats (6/83 —100) ................................................... C hem ica ls (3/83 —100) ...................................................................................... Organic chemicals (1 2 /8 3 —100) .................................................................... Fertilizers, manufactured ( 3 /8 3 - 1 0 0 ) ............................................................ In te rm e d ia te m an u fa c tu re d p ro d u c ts (9 /8 1 —1 0 0 ).................................... Leather and furskins ( 9 /7 9 - 1 0 0 ) ................................................................... Rubber manufactures ....................................................................................... Paper and paperboard products (6/78 = 1 0 0 ).............................................. Iron and steel (3/82 = 100) .............................................................................. Nonferrous metals (9/81 -1 0 0 ) ...................................................................... Metal manufactures, n.e.s. (3/82 = 100) ........................................................ M achinery and tra n s p o rt equ ip m en t, exc luding m ilitary and c om m ercial a irc ra ft (1 2 /7 8 -1 0 0 ) ........................................................ Power generating machinery and equipment (1 2 /7 8 -1 0 0 ) ..................... Machinery specialized for particular industries (9/78 = 100) ...................... Metalworking machinery (6 /7 8 —100) ............................................................ General industrial machines and parts n.e.s. 9 / 7 8 - 1 0 0 ) .......................... Office machines and automatic data processing equipment ..................... Telecommunications, sound recording and reproducing e qu ipm ent........ Electrical machinery and equipm ent............................................................... Road vehicles and parts (3/80 —1 0 0 )............................................................ Other transport equipment, excl. military and commercial aviation ........ O th e r m an u fa c tu re d articles ................................................................................... Apparel (9/83 —100) ......................................................................................... Professional, scientific, and controlling instruments and apparatus......... Photographic apparatus and supplies, optical goods, watches and clocks ( 1 2 / 7 7 - 1 0 0 ) ........................................................................................ - Data not available. Digitized for114 FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - - - 37. U.S. import price indexes by Standard International Trade Classification (June 1977=100, unless otherwise indicated) C a te g o ry 1974 SITC M e a t..................................................................................................................... Dairy products and eggs (6/81 =10 0) .......................................................... F is h ....................................................................................................................... Bakery goods, pasta products, grain and grain preparations (9 /7 7 -1 0 0 ) ....................................................................................................... Fruits and vegetables ....................................................................................... Sugar, sugar preparations, and honey (3 /8 2 —1 0 0 ).................................... Coffee, tea, c o c o a ............................................................................................. B e v e ra g e s an d t o b a c c o ............................................................................................ Beverages ........................................................................................................... C ru d e m a t e r ia ls .............................................................................................................. Crude rubber (inc. synthetic & reclaimed) (3 /8 4 —1 0 0 ).............................. Wood ( 9 /8 1 -1 0 0 ) ............................................................................................ Pulp and waste paper (1 2 /8 1 —1 0 0 ).............................................................. Crude fertilizers and crude minerals (1 2 /8 3 -1 0 0 ) ..................................... Metalliferous ores and metal scrap (3 /8 4 —1 0 0 )......................................... Crude vegetable and animal materials, n.e.s................................................. Fuels an d re la te d p ro d u c ts (6 /8 2 —1 0 0 )...................................................... Petroleum and petroleum products (6 /8 2 —100) .......................................... Fats an d oils ( 9 /8 3 - 1 0 0 ) ................................................................................. Vegetable oils (9 /8 3 —1 0 0 ).............................................................................. C h em ica ls ( 9 /8 2 - 1 0 0 ) ...................................................................................... Medicinal and pharmaceutical products (3 /8 4 —100) ................................. Manufactured fertilizers (3 /8 4 —1 0 0 ).............................................................. Chemical materials and products, n.e.s. (9 /8 4 —1 0 0 )................................. In te rm e d ia te m a n u fa c tu re d p ro d u c ts (1 2 /7 7 —100) ................................. Leather and furskins ......................................................................................... Rubber manufactures, n.e.s.............................................................................. Cork and wood manufactures ......................................................................... Paper and paperboard products ..................................................................... T extiles................................................................................................................. Nonmetallic mineral manufactures, n.e.s........................................................ Iron and steel (9 /7 8 = 1 0 0 ) .............................................................................. Nonferrous metals (1 2/81= 100 ) .................................................................... Metal manufactures, n.e.s.................................................................................. M ach in ery and tra n s p o rt e q u ip m en t ( 6 / 8 1 - 1 0 0 ) ........................................ Machinery specialized for particular industries ( 9 /7 8 - 1 0 0 ) ...................... Metalworking machinery (3 /8 0 —100) ............................................................ General industrial machinery and parts, n.e.s. (6/81 — 100) ...................... Office machines and automatic data processing equipment ( 3 /8 0 - 1 0 0 ) ...................................................................................................... Telecommunications, sound recording and reproducing apparatus ( 3 /8 0 - 1 0 0 ) ...................................................................................................... Electrical machinery and equipment (12/81 — 1 0 0 )..................................... Road vehicles and parts (6 /8 1 —1 0 0 )........................................................... M lsc. m a n u fa c tu re d artic le s (3 /8 0 —1 0 0 )..................................................... Plumbing, heating, and lighting fixtures (6 /8 0 —100) .................................. Furniture and parts (6/80 —100) ..................................................................... Clothing ( 9 /7 7 -1 0 0 ) ........................................................................................ F oo tw ear.............................................................................................................. Professional, scientific, and controlling instruments and apparatus (1 2 /7 9 —1 0 0 ).................................................................................. Photographic apparatus and supplies, optical goods, watches, and clocks ( 3 /8 0 - 1 0 0 ) .......................................................................................... Misc. manufactured articles, n.e.s. (6/82 —1 0 0 ).......................................... G old , n o n -m o n e ta ry ( 6 / 8 2 - 1 0 0 ) ........................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sept. Dec. Mar. June Sept. Dec. Mar. June 93.0 92.9 94.2 88.5 83.2 83.9 86.0 91.6 95.3 0 01 02 03 96.8 118.2 97.9 129.4 94.9 120.6 99.1 129.7 102.8 131.2 100.5 132.7 113.4 122.7 106.7 139.3 104.7 118.5 107.1 144.8 109.1 126.9 109.4 149.6 105.3 134.4 111.5 157.1 100.2 132.1 116.8 161.6 102.0 135.9 119.6 167.4 04 05 06 07 132.3 129.4 122.6 56.0 136.3 120.2 123.1 54.4 141.9 131.3 111.9 64.6 146.9 119.4 124.6 85.9 149.2 119.4 121.6 69.2 154.0 127.1 123.9 71.8 155.3 125.5 124.3 61.0 161.0 120.5 126.0 50.9 165.2 125.4 128.6 49.3 1 11 157.1 154.3 158.0 156.0 162.1 159.1 163.2 161.8 165.5 163.9 165.8 165.5 168.0 168.2 170.8 171.5 174.1 174.6 2 23 24 25 27 28 29 93.6 76.4 106.9 80.4 101.7 87.6 104.9 91.5 68.9 101.6 76.8 102.7 89.5 102.5 91.2 73.2 99.4 75.8 102.1 90.1 102.5 94.2 78.8 104.3 74.9 101.5 94.5 103.6 95.3 75.5 106.3 79.9 100.0 95.6 104.4 98.1 76.9 109.4 86.0 100.4 98.2 104.8 98.5 78.5 107.2 92.8 100.2 95.4 104.7 103.1 79.1 115.0 100.5 99.5 98.0 113.4 105.6 84.5 112.0 104.6 98.4 100.0 120.3 3 33 80.9 81.6 79.8 80.3 79.1 80.1 55.3 54.7 37.5 36.1 33.6 32.1 38.4 37.9 49.7 49.9 54.8 55.2 4 42 76.7 75.9 57.6 56.2 50.6 48.9 41.4 39.3 39.3 37.4 35.5 33.5 51.6 50.0 50.8 49.2 54.5 52.6 5 54 56 59 94.9 95.1 82.0 95.6 94.5 95.3 80.8 96.9 94.2 96.7 78.5 97.8 94.6 102.9 79.2 99.9 93.3 104.9 79.7 100.3 93.4 110.0 77.4 101.0 93.2 110.1 79.7 102.8 95.9 116.2 81.8 104.3 98.8 120.3 83.6 105.0 6 61 62 63 64 65 66 67 68 69 132.4 133.3 138.6 121.2 157.2 127.5 151.7 120.1 82.3 117.8 133.6 137.0 137.3 123.4 157.8 126.5 157.6 119.1 83.7 119.5 133.4 141.3 138.1 124.0 156.5 128.1 162.2 118.3 80.4 121.6 134.0 141.6 136.5 130.8 157.1 131.2 164.2 117.3 79.4 124.4 135.6 143.0 137.7 134.3 157.1 132.9 169.6 118.1 78.9 127.8 138.8 147.4 138.1 137.4 157.5 135.1 178.2 119.0 83.5 129.1 139.4 143.3 138.1 142.7 164.8 135.3 180.2 118.5 81.6 129.1 142.2 149.5 140.8 144.3 165.2 138.8 183.1 122.3 82.4 133.4 147.4 156.6 140.5 151.6 165.0 140.4 190.3 127.1 90.9 134.5 7 72 73 74 102.6 97.0 90.5 91.1 103.5 101.4 94.2 94.3 107.2 104.9 98.1 98.0 111.5 112.1 105.0 103.8 115.3 115.4 107.7 109.0 118.1 120.1 110.7 112.8 120.2 121.0 115.7 113.9 123.9 127.5 122.4 120.5 126.1 129.5 126.1 123.0 75 89.4 90.3 93.7 96.9 101.3 102.5 102.4 103.2 106.4 76 77 78 88.8 83.9 112.1 88.3 81.4 112.7 88.6 83.1 117.8 89.4 84.5 123.4 91.6 87.5 127.1 93.7 89.5 129.8 93.9 91.7 133.2 94.6 93.6 137.0 95.5 94.8 139.2 8 81 82 84 85 98.0 114.1 136.7 133.9 136.7 99.6 117.8 142.1 134.5 142.1 100.8 115.0 142.7 134.5 142.7 103.3 120.1 147.0 133.4 147.0 104.8 123.5 142.2 135.3 142.2 109.5 125.5 145.8 137.8 145.8 109.6 125.5 146.9 139.1 146.9 114.3 125.5 148.9 145.5 148.9 118.1 130.6 153.3 150.9 153.3 87 92.3 98.8 102.4 106.4 112.5 118.3 118.0 125.6 129.5 88 89 89.5 95.2 91.1 96.4 94.5 97.9 99.3 102.1 103.2 103.4 106.9 112.3 107.6 111.0 111.8 116.9 114.4 121.8 971 98.3 101.1 101.0 106.7 107.3 126.9 123.3 128.0 141.5 A L L C O M M O D IT IE S ( 9 /8 2 - 1 0 0 ) ..................................................................... Fo o d ( 9 /7 7 - 1 0 0 ) ................................................................................................ June 1987 1986 1985 MONTHLY LABOR REVIEW 38. September 1987 • Current Labor Statistics: Price Data U.S. export price indexes by end-use category (September 1983 = 100 unless otherwise indicated) C a te g o ry Percentage of 1980 trade value 16.294 30.696 21.327 9.368 30.186 7.483 7.467 3.965 3.501 39. June Sept. 80.9 97.2 99.5 91.6 106.6 108.0 101.1 99.2 103.0 1987 1986 1985 Mar. Dec. 76.2 96.5 98.7 91.1 106.6 108.1 101.9 100.4 103.3 77.5 95.9 97.9 91.0 106.6 109.2 101.4 99.5 103.3 June 75.5 96.0 97.5 92.5 107.4 109.5 103.7 101.8 105.5 Sept. 74.7 94.9 96.1 91.9 107.5 110.4 104.5 101.8 107.2 Mar. Dec. 66.0 93.3 93.7 92.5 107.7 110.8 104.5 102.1 106.9 68.4 94.8 95.4 93.2 108.3 111.8 105.7 102.7 108.5 June 67.1 98.2 99.5 95.1 108.9 111.9 106.9 103.9 109.8 71.3 103.1 104.7 99.2 109.5 112.1 107.1 103.6 110.5 U.S. import price indexes by end-use category (December 1982=100) C a te g o ry Foods, feeds, and beverages ....................................................... Petroleum and petroleum products, excl. natural g a s .................. Raw materials, excluding petroleum ............................................. Raw materials, nondurable ......................................................... Raw materials, durable................................................................ Capital goods................................................................................. Automotive vehicles, parts and engines....................................... Consumer goods............................................................................ Durable ........................................................................................ Nondurable.................................................................................. 40. Percentage of 1980 trade value 7.477 31.108 19.205 9.391 9.814 13.164 11.750 14.250 5.507 8.743 June 100.4 82.1 95.8 93.9 97.8 96.3 105.9 99.4 97.0 102.5 Sept. 99.0 80.9 95.4 93.5 97.4 97.6 106.4 101.0 98.9 103.9 1987 1986 1985 Mar. Dec. 106.0 80.5 93.9 91.8 96.2 100.0 111.4 102.4 100.7 104.7 June 115.8 55.4 94.5 91.1 98.1 102.8 115.6 104.5 103.4 106.0 108.2 36.8 94.0 89.7 98.7 106.7 119.0 106.5 106.5 106.6 Sept. 112.3 32.6 95.3 89.5 101.4 109.4 121.0 110.1 111.2 108.6 Mar. Dec. 109.2 38.3 94.9 89.7 100.3 110.7 123.9 110.6 111.6 109.2 104.7 50.5 96.9 91.8 102.3 115.3 126.2 114.3 114.8 113.7 U.S. export price indexes by Standard Industrial Classification 1 1987 1986 1985 In d u stry g roup June Manufacturing: Food and kindred products (6/83—100) .......................... Lumber and wood products, except furniture (6 /8 3 -1 0 0 )..................................................................... Furniture and fixtures (9/83 —100) .................................... Paper and allied products (3/81—100)............................. Chemicals and allied products (1 2 /8 4 -1 0 0 ).................... Petroleum and coal products (12/83—1 00)..................... Primary metal products (3/82—100) ................................. Machinery, except electrical (9/78—100)......................... Electrical machinery (12/80—100) .................................... Transportation equipment (12/78—100)........................... Scientific instruments; optical goods; clocks (6 /7 7 -1 0 0 )..................................................................... 1 SIC - based classification. 116 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sept. Dec. Mar. June Sept. Dec. Mar. June 99.5 96.7 98.1 97.0 95.0 95.2 97.6 99.0 104.1 99.5 106.5 94.7 99.6 102.7 87.5 140.5 112.4 161.8 98.3 107.1 93.2 99.7 102.0 88.1 140.6 111.9 162.6 101.2 108.4 92.1 99.2 99.1 87.9 140.5 111.2 164.1 101.5 109.2 95.7 98.9 93.5 89.8 140.6 112.6 165.1 101.2 109.7 101.5 98.3 83.1 89.8 140.3 112.3 167.1 102.1 110.1 106.1 96.2 83.1 90.7 140.5 112.6 167.4 105.7 110.4 108.7 95.9 82.2 89.9 140.7 113.6 169.4 109.8 113.4 113.7 100.3 83.5 91.7 141.0 115.2 170.0 113.0 114.0 116.7 106.5 86.8 97.4 141.4 115.3 171.2 156.6 156.2 156.7 159.7 161.2 161.5 162.3 163.3 164.6 June 106.6 55.8 100.5 94.5 106.8 117.8 128.0 117.5 117.5 117.6 41. U.S. import price indexes by Standard Industrial Classification 1 1985 1986 1987 In d u stry group June Manufacturing: Food and kindred products (6/77=100) ................................. Textile mill products (9 /8 2 =10 0 )................................ Apparel and related products (6 /7 7 = 10 0 ).............................. Lumber and wood products, except furniture (6/77=100) ....................................................... Furniture and fixtures (6 /80=100)................................... Paper and allied products (6 /7 7 = 1 0 0 )......................... Chemicals and allied products (9/82=100) ...................... Rubber and miscellaneous plastic products (1 2/8 0=1 0 0 ).......................................................... Leather and leather products ..................................... Primary metal products (6/81=100) ........................... Fabricated metal products (12/84=100)..................... Machinery, except electrical (3/80=100) .................... Electrical machinery (9/84 = 100)..................... Transportation equipment (6/81=100) ........................... Scientific instruments; optical goods; clocks (1 2/7 9=1 0 0 )........................................................ Miscellaneous manufactured commodities (9 /8 2 = 1 0 0 )............................................................ Sept. Dec. Mar. June Sept. Dec. Mar. June 115.0 101.0 133.0 114.2 100.4 133.9 115.1 101.8 134.4 117.7 104.7 133.4 115.6 106.4 135.1 118.0 107.1 137.8 122.4 108.0 139.3 122.7 111.7 146.0 125.9 113.6 150.9 120.6 96.1 139.8 93.9 117.5 97.7 138.7 93.3 115.8 98.2 137.4 95.8 122.1 101.2 137.6 98.6 124.8 103.5 139.4 102.1 127.9 105.4 142.2 103.8 127.9 105.6 150.3 102.4 134.5 109.6 154.0 104.7 135.0 110.2 155.7 105.7 96.7 138.9 84.1 99.1 93.4 95.8 114.2 96.6 142.3 84.3 101.0 96.6 94.5 114.8 97.5 144.0 82.6 102.6 100.0 95.8 119.6 100.9 145.8 82.0 104.9 105.5 97.0 123.9 100.6 144.6 82.4 108.5 109.0 100.2 128.0 101.9 147.7 84.9 110.3 112.5 102.6 130.4 102.1 148.7 84.0 111.1 114.2 104.0 133.2 104.4 151.8 85.4 115.5 119.1 105.7 136.5 105.8 156.2 91.3 116.2 121.9 106.9 138.4 91.7 94.6 98.8 103.9 109.1 113.7 113.7 119.1 122.1 95.1 96.6 98.7 99.9 101.7 106.9 108.1 110.3 113.8 1 SIC - based classification. 42. Indexes of productivity, hourly compensation, and unit costs, quarterly data seasonally adjusted (1977 = 100) Quarterly Indexes Item 1984 IV 1985 I II 1986 III IV I II 1987 III IV I II Business: Output per hour of all persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs .................................................... Unit nonlabor payments....................................... Implicit price deflator ............................................ 105.9 170.3 98.1 160.8 157.9 159.8 106.5 172.4 98.5 161.9 158.7 160.8 107.2 174.6 98.6 162.8 160.4 162.0 108.2 177.0 99.4 163.6 161.8 163.0 107.9 179.3 99.7 166.1 160.2 164.0 109.5 180.7 100.1 165.0 163.1 164.3 109.7 182.2 101.3 166.2 163.9 165.4 109.6 183.6 101.4 167.5 165.7 166.9 109.6 185.2 101.6 169.0 162.4 166.7 109.7 185.8 100.7 169.4 166.0 168.2 110.0 187.3 100.3 170.2 168.8 169.7 104.8 170.2 98.0 162.4 158.5 161.0 105.2 172.2 98.4 163.6 159.5 162.2 105.7 174.1 98.3 164.7 161.5 163.6 106.4 176.2 98.9 165.7 163.4 164.9 105.9 178.3 99.2 168.3 160.8 165.7 107.7 180.0 99.7 167.2 164.7 166.4 107.7 181.3 100.8 168.4 165.2 167.3 107.5 182.6 100.9 169.8 167.0 168.8 107.5 184.4 101.2 171.5 163.9 168.8 107.6 184.9 100.2 171.8 167.4 170.3 108.0 186.2 99.7 172.5 168.7 171.1 106.4 168.1 96.8 162.8 158.0 176.8 134.2 161.9 159.4 107.0 169.9 97.0 163.6 158.9 177.5 132.0 161.6 159.8 107.7 171.8 97.0 164.3 159.5 178.7 132.2 162.5 160.5 109.2 173.8 97.6 163.7 159.1 177.5 142.5 165.2 161.2 108.9 175.7 97.7 166.0 161.4 179.4 128.7 161.6 161.5 109.8 177.2 98.2 166.3 161.5 180.7 129.7 162.8 161.9 109.7 178.4 99.1 167.2 162.6 180.6 129.5 162.7 162.7 109.9 179.5 99.2 168.5 163.2 184.2 130.6 165.4 164.0 110.5 181.0 99.3 168.7 163.8 183.2 127.7 163.7 163.8 109.7 180.8 98.0 169.7 164.8 184.1 132.2 165.9 165.2 120.0 171.1 98.5 142.5 121.5 173.3 99.0 142.7 124.0 176.1 99.5 142.0 125.2 178.0 99.9 142.1 126.0 180.2 100.2 143.0 127.6 181.0 100.3 141.9 128.3 182.1 101.2 142.0 129.4 183.1 101.2 141.5 129.9 184.3 101.2 141.9 130.8 183.9 99.6 140.6 N o nfa rm business: Output per hour of all persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs .................................................... Unit nonlabor payments ....................................... Implicit price deflator ............................................ N o nfinan cial corpo ra tions: Output per hour of all employees........................ Compensation per hour........................................ Real compensation per hour................................ Total unit costs..................................................... Unit labor costs ................................................. Unit nonlabor costs............................................ Unit profits............................................................. Unit nonlabor payments ....................................... Implicit price deflator ............................................ _ _ _ _ _ _ _ _ - M anufacturing: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Output per hour of all persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs .................................................... 131.9 184.7 98.9 140.1 - Data not available. 117 MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: Productivity Data 43. Annual indexes of multifactor productivity and related measures, selected years (1977 = 100) Item 1960 1970 1973 1975 1977 1979 1980 1981 1982 1983 1984 1985 P riv a te business Productivity: Output per hour of all persons.......................... Output per unit of capital services.................... Multifactor productivity....................................... Output................................................................... Inputs: Hours of all persons........................................... Capital services ................................................. Combined units of labor and capital input........ Capital per hour of all persons............................. 67.3 102.4 78.2 55.3 88.4 102.0 92.9 80.2 95.9 105.3 99.1 93.0 95.7 93.8 95.0 89.3 100.0 100.0 100.0 100.0 99.5 99.8 99.7 107.9 99.2 94.2 97.4 106.6 100.6 92.4 97.7 108.9 100.3 86.6 95.2 105.4 103.0 88.3 97.6 109.9 105.4 92.4 100.6 118.9 106.5 91.5 101.0 122.8 82.2 54.0 70.7 65.7 90.8 78.7 86.3 86.7 96.9 88.3 93.8 91.1 93.2 95.1 93.9 102.0 100.0 100.0 100.0 100.0 108.4 108.0 108.2 99.7 107.5 113.1 109.4 105.3 108.2 117.8 111.5 108.8 105.2 121.7 110.7 115.7 106.7 124.4 112.6 116.7 112.8 128.7 118.1 114.1 115.3 134.1 121.6 116.3 70.7 103.7 80.9 54.4 89.2 102.8 93.7 79.9 96.4 106.0 99.6 92.9 96.0 93.8 95.3 88.9 100.0 100.0 100.0 100.0 99.2 99.0 99.1 107.9 98.7 93.4 96.9 106.6 99.6 91.1 96.7 108.4 99.1 85.1 94.1 104.8 102.4 87.3 97.0 110.0 104.3 90.9 99.6 118.9 104.8 89.7 99.4 122.5 77.0 52.5 67.3 68.2 89.6 77.7 85.3 86.8 96.3 87.6 93.3 91.0 92.6 94.8 93.4 102.3 100.0 100.0 100.0 100.0 108.8 109.0 108.9 100.1 108.0 114.1 110.0 105.6 108.8 119.0 112.2 109.4 105.7 123.2 111.4 116.5 107.4 126.1 113.5 117.4 114.0 130.8 119.4 114.7 116.9 136.6 123.3 116.8 62.2 102.5 71.9 52.5 80.8 98.6 85.2 78.6 93.4 111.4 97.9 96.3 92.9 90.1 92.0 84.9 100.0 100.0 100.0 100.0 101.4 99.7 101.0 108.1 101.4 91.2 98.7 103.2 103.6 89.2 99.8 104.8 105.9 81.8 99.2 98.4 112.0 86.9 105.1 104.7 116.6 94.4 110.7 116.0 121.7 96.0 114.7 120.4 84.4 51.2 73.0 60.7 97.3 79.7 92.2 82.0 103.1 86.4 98.4 83.8 91.4 94.2 92.2 103.1 100.0 100.0 100.0 100.0 106.5 108.4 107.0 101.7 101.7 113.1 104.5 111.2 101.1 117.5 105.0 116.2 92.9 120.3 99.2 129.4 93.5 120.6 99.7 129.0 99.5 122.9 104.8 123.6 98.9 125.4 105.0 126.7 P rivate n o n farm business Productivity: Output per hour of all persons.......................... Output per unit of capital services..................... Multifactor productivity....................................... Output................................................................... Inputs: Hours of all persons........................................... Capital services ................................................. Combined units of labor and capital input........ Capital per hour of all persons............................. M an u factu rin 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 inputs...... Capital per hour of all persons............................. 118 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 44. Annual indexes of productivity, hourly compensation, unit costs, and prices, selected years (1977 = 100) 1960 Item 1975 1973 1970 1977 1979 1980 1981 1982 1983 1984 1985 1986 Business: Output per hour of ail persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs.................................................... Unit nonlabor payments....................................... Implicit price deflator ............................................ 67.6 33.6 68.9 49.7 46.4 48.5 88.4 57.8 90.2 65.4 59.4 63.2 95.9 70.9 96.7 73.9 72.5 73.4 95.7 85.2 95.9 89.0 88.2 88.7 100.0 100.0 100.0 100.0 100.0 100.0 99.6 119.1 99.4 119.5 112.5 117.0 99.3 131.5 96.7 132.5 118.7 127.6 100.7 143.7 95.7 142.7 134.6 139.8 100.3 154.9 97.3 154.5 136.6 148.1 103.0 161.5 98.2 156.7 146.4 153.0 105.6 168.0 98.0 159.1 156.5 158.2 107.5 175.9 99.1 163.6 160.3 162.4 109.5 182.8 101.0 166.9 163.8 165.8 71.0 35.3 72.3 49.7 46.3 48.5 89.3 58.2 90.8 65.2 60.0 63.4 96.4 71.2 97.1 73.9 69.3 72.3 96.0 85.6 96.4 89.2 86.7 88.3 100.0 100.0 100.0 100.0 100.0 100.0 99.3 118.9 99.2 119.7 110.5 116.5 98.8 131.3 96.6 132.9 118.5 127.8 99.8 143.6 95.7 144.0 133.5 140.3 99.2 154.8 97.2 156.0 136.5 149.2 102.5 161.5 98.2 157.6 148.3 154.3 104.6 167.8 97.9 160.4 156.4 159.0 105.8 175.2 98.7 165.6 161.3 164.1 107.5 182.0 100.6 169.3 165.2 167.8 73.4 36.9 75.5 49.4 50.2 47.0 59.8 51.5 50.7 91.1 59.2 92.4 64.8 65.0 64.2 52.3 60.1 63.3 97.5 71.6 97.6 72.7 73.4 70.7 65.6 68.9 71.9 96.7 85.9 96.7 90.3 88.8 94.9 77.0 88.6 88.7 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 99.8 118.7 99.1 118.2 119.0 115.8 94.5 108.4 115.4 99.1 131.1 96.4 133.4 132.3 136.7 85.2 118.6 127.6 99.6 143.3 95.5 147.7 143.8 159.1 98.1 137.8 141.7 100.4 154.3 96.9 159.5 153.8 176.4 78.5 142.1 149.8 103.5 159.9 97.3 159.5 154.5 174.3 110.9 152.1 153.7 106.0 165.8 96.7 160.8 156.5 173.6 136.5 160.6 157.9 108.2 172.8 97.4 164.4 159.7 178.3 133.9 162.7 160.7 109.9 178.9 98.9 167.7 162.8 182.2 129.3 163.7 163.1 62.2 36.5 74.8 58.7 60.0 59.1 80.8 57.4 89.5 71.0 64.1 69.0 93.4 68.8 93.8 73.7 70.7 72.8 92.9 85.1 95.9 91.7 87.5 90.5 100.0 100.0 100.0 100.0 100.0 100.0 101.4 118.6 99.1 117.0 98.9 111.7 101.4 132.4 97.4 130.6 97.8 121.0 103.6 145.2 96.7 140.1 111.8 131.8 105.9 157.5 98.9 148.7 114.0 138.6 112.0 162.4 98.8 145.0 128.5 140.2 118.1 168.0 98.0 142.2 138.6 141.2 124.2 176.9 99.6 142.4 134.7 140.2 128.8 182.7 100.9 141.8 137.9 140.7 N o n fa rm business: Output per hour of all persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs.................................................... Unit nonlabor payments ....................................... Implicit price deflator ............................................ N o n fln an cial c o rpo ra tions: Output per hour of all employees........................ Compensation per hour........................................ Real compensation per hour................................ Total unit costs..................................................... Unit labor costs ................................................. Unit nonlabor costs............................................ Unit profits............................................................. Unit nonlabor payments....................................... Implicit price deflator ............................................ M anufacturin g: Output per hour of all persons............................. Compensation per hour........................................ Real compensation per hour................................ Unit labor costs.................................................... Unit nonlabor payments ....................................... Implicit price deflator ............................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 45. Unemployment rates, approximating U.S. concepts, in nine countries, quarterly data seasonally adjusted Annual average 1987 1986 1985 Country 1985 1986 IV II I IV III II I T o ta l lab o r fo rc e basis United States.................................... Canada .............................................. Australia ............................................ Japan ................................................. 7.1 10.4 8.2 2.6 6.9 9.5 8.0 2.8 7.0 10.1 7.8 2.8 7.0 9.7 7.9 2.7 7.0 9.5 7.7 2.8 6.8 9.6 8.2 2.9 6.8 9.4 8.3 2.9 6.6 9.6 8.3 2.9 France ............................................... Germany............................................ Italy ', 2 .............................................. Sweden ............................................. United Kingdom................................. 10.2 7.7 5.9 2.8 11.2 10.4 7.4 6.2 2.6 11.1 10.2 7.7 6.1 2.7 11.0 10.2 7.6 6.1 2.7 11.1 10.4 7.5 6.2 2.6 11.2 10.6 7.4 5.9 2.6 11.1 10.6 7.2 6.5 2.6 10.9 11.0 7.3 6.6 2.0 10.6 7.2 10.5 8.3 2.6 7.0 9.6 8.1 2.8 7.1 10.1 7.9 2.8 7.1 9.7 8.0 2.7 7.1 9.6 7.8 2.8 6.9 9.7 8.3 2.9 6.9 9.4 8.4 2.9 6.7 9.6 8.3 2.9 10.7 7.6 6.3 2.7 11.1 10.4 7.8 6.2 2.7 11.1 10.5 7.8 6.2 2.8 11.2 10.7 7.7 6.3 2.6 11.2 10.8 7.5 6.0 2.6 11.2 10.8 7.4 6.6 2.6 10.9 11.2 7.4 6.7 2.0 10.7 6.1 9.0 8.1 “ 11.0 7.4 “ 1.9 10.2 Civilian lab o r fo rc e basis United States.................................... Canada .............................................. Australia ............................................ Japan ................................................. France ............................................... Germany............................................ Italy1, 2 ............................................... Sweden ............................................. United Kingdom................................. 10.4 7.9 6.0 2.8 11.2 1 Quarterly rates are for the first month of the quarter. 2 Major changes in the Italian labor force survey, Intro duced in 1977, resulted in a large increase in persons enu merated as unemployed. However, many persons reported that they had not actively sought work in the past 30 days, and they have been provisionally excluded for comparability with U.S. concepts. Inclusion of such persons would about 6.2 9.1 8.2 “ 11.3 7.5 1.9 10.3 double the Italian unemployment rate shown. - Data not available. NOTE: Quarterly figures for France, Germany, and the United Kingdom are calculated by applying annual adjust ment factors to current published data and therefore should be viewed as less precise indicators of unemployment under U.S. concepts than the annual figures. MONTHLY LABOR REVIEW September 1987 • Current Labor Statistics: International Comparisons Data 46. Annual data: Employment status of the civilian working-age population, approximating U.S. concepts, 10 countries (Numbers in thousands) Employment status and country 1984 1983 108,670 11,904 6,810 56,320 22,930 26,650 21,320 5,520 4,327 26,590 110,204 11,958 6,910 56,980 23,160 26,710 21,410 5,570 4,350 26,740 111,550 12,183 6,997 58,110 23,130 26,740 21,590 5,600 4,369 26,790 113,544 12,399 7,133 58,480 23,290 26,890 21,670 5,620 4,385 27,180 63.8 64.1 62.1 62.6 57.2 53.2 48.2 50.2 66.9 62.5 63.9 64.8 61.9 62.6 57.1 52.9 48.3 51.4 66.8 62.2 64.0 64.1 61.7 62.7 57.1 52.7 47.7 51.2 66.8 62.3 64.0 64.4 61.4 63.1 56.6 52.5 47.5 50.9 66.7 62.1 64.4 64.8 61.5 62.7 56.6 52.6 47.3 50.5 66.6 62.6 64.8 65.2 61.8 62.3 56.2 52.8 47.2 50.7 66.9 62.7 65.3 65.7 63.0 62.1 56.2 53.2 47.5 98,824 10,395 6,111 54,040 21,300 25,470 19,930 4,830 4,174 24,940 99,303 10,708 6,284 54,600 21,330 25,750 20,200 4,980 4,226 24,670 100,397 11,006 6,416 55,060 21,200 25,560 20,280 5,010 4,219 23,800 99,526 10,644 6,415 55,620 21,240 25,130 20,250 4,980 4,213 23,710 100,834 10,734 6,300 56,550 21,170 24,750 20,320 4,890 4,218 23,600 105,005 11,000 6,490 56,870 20,980 24,800 20,390 4,930 4,249 24,000 107,150 11,311 6,670 57,260 20,900 24,960 20,490 5,110 4,293 24,300 109,597 11,634 6,952 57,740 20,970 25,210 20,610 59.3 57.5 58.0 61.3 54.4 51.5 45.9 46.3 64.6 58.8 59.9 58.7 57.8 61.4 54.0 51.7 45.9 46.4 65.3 59.2 59.2 59.3 58.3 61.3 53.5 51.7 46.1 47.0 65.6 58.1 59.0 59.9 58.4 61.2 52.8 50.8 45.9 46.6 65.1 55.7 57.8 57.0 57.3 61.2 52.3 49.6 45.2 45.8 64.7 55.3 57.9 56.7 55.3 61.4 51.8 48.6 44.7 44.5 64.4 54.7 59.5 57.4 56.0 61.0 51.0 48.5 44.5 44.3 64.5 55.3 60.1 58.4 56.6 60.6 50.4 48.7 44.4 45.7 65.0 55.7 60.7 59.4 57.9 60.4 50.2 49.1 44.6 6,991 849 358 1,100 1,120 900 840 250 75 1,660 6,202 908 405 1,240 1,210 870 850 260 94 1,650 6,137 836 408 1,170 1,370 780 920 270 88 1,420 7,637 865 409 1,140 1,470 770 920 330 86 1,850 8,273 898 394 1,260 1,730 1,090 1,040 510 108 2,790 10,678 1,314 495 1,360 1,920 1,580 1,160 590 137 3,030 10,717 1,448 697 1,560 1,960 1,990 1,270 710 151 3,190 8,539 1,399 642 1,610 2,310 2,090 1,280 690 136 3,180 8,312 1,328 602 1,560 2,440 2,130 1,310 600 125 3,070 8,237 1,236 610 1,670 2,510 2,070 1,380 7.1 8.1 5.6 2.0 5.0 3.5 4.1 5.1 1.8 6.4 6.1 8.3 6.3 2.3 5.4 3.3 4.1 5.2 2.2 6.3 5.8 7.4 6.3 2.1 6.0 3.0 4.4 5.3 2.1 5.4 7.1 7.5 6.1 2.0 6.4 2.9 4.4 6.2 2.0 7.0 7.6 7.5 5.8 2.2 7.5 4.1 4.9 9.2 2.5 10.5 9.7 11.0 7.2 2.4 8.3 5.9 5.4 10.6 3.1 11.3 9.6 11.9 10.0 2.7 8.5 7.4 5.9 12.7 3.5 11.9 7.5 11.3 9.0 2.8 9.9 7.8 5.9 12.3 3.1 11.7 7.2 10.5 8.3 2.6 10.4 7.9 6.0 10.5 2.8 11.2 1978 1979 1980 99,009 10,500 6,358 53,820 22,300 25,870 20,510 4,950 4,168 26,050 102,251 10,895 6,443 54,610 22,460 26,000 20,570 5,010 4,203 26,260 104,962 11,231 6,519 55,210 22,670 26,250 20,850 5,100 4,262 26,350 106,940 11,573 6,693 55,740 22,800 26,520 21,120 5,310 4,312 26,520 62.3 61.6 62.7 62.5 57.6 53.4 48.2 49.0 65.9 62.7 63.2 62.7 61.9 62.8 57.5 53.3 47.8 48.8 66.1 62.8 63.7 63.4 61.6 62.7 57.5 53.3 48.0 49.0 66.6 62.6 92,017 9,651 6,000 52,720 21,180 24,970 19,670 4,700 4,093 24,400 96,048 9,987 6,038 53,370 21,250 25,130 19,720 4,750 4,109 24,610 57.9 56.6 59.2 61.2 54.7 51.6 46.3 46.5 64.8 58.7 1981 1985 1986 1982 1977 L ab o r fo rc e United States........................................................ Canada ................................................................. Australia ................................................................. Japan .................................................................... France ................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... 115,461 117,834 12,639 12,870 7,562 7,272 59,410 58,820 23,340 23,480 27,090 27,280 21,800 21,990 5,710 4,418 4,437 27,370 27,460 P articip atio n r a te 1 United States........................................................ Canada ................................................................. Australia................................................................ Japan .................................................................... France ................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... - 67.2 62.5 E m ployed United States........................................................ Canada ................................................................. Australia................................................................ Japan .................................................................... France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... - 4,319 24,400 E m p lo ym en t-p o p u latio n ratio 2 United States........................................................ Canada ................................................................. Australia................................................................ Japan .................................................................... France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... - 65.4 55.6 U n em p lo yed United States........................................................ Canada ................................................................. Australia................................................................ Japan .................................................................... France ................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... - 118 3,060 U n em p lo ym en t rate United States........................................................ Canada ................................................................. Australia................................................................. Japan .................................................................... France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Sweden................................................................. United Kingdom.................................................... 1 Labor force as a percent of the civilian working-age population. 2 Employment as a percent of the civilian working-age population. Digitized 120 for FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - Data not available. 7.0 9.6 8.1 2.8 10.7 7.6 6.3 - 2.7 11.1 47. Annual indexes of manufacturing productivity and related measures, 12 countries (1977 = 100) 1960 1970 1973 1974 1975 1976 1978 1979 1980 1981 1982 1983 1984 1985 1986 62.2 50.7 23.2 32.8 37.2 36.4 40.3 36.5 32.4 54.6 42.3 55.5 80.8 75.6 64.8 59.9 65.5 69.6 71.2 72.7 64.3 81.7 80.7 79.7 93.4 90.3 83.1 78.2 83.2 82.2 84.0 90.9 81.5 94.6 94.8 95.6 90.6 91.7 86.5 82.6 86.0 85.2 87.4 95.3 88.1 97.7 98.8 97.4 92.9 88.6 87.7 85.9 94.6 88.5 90.1 91.1 86.2 96.8 100.2 95.2 97.1 94.8 94.3 95.1 98.2 95.0 96.5 98.9 95.8 99.7 101.7 99.5 101.5 101.1 108.0 106.3 101.5 105.7 103.1 103.0 106.4 101.8 102.8 101.5 101.4 102.0 114.8 112.3 106.5 110.3 108.2 110.5 112.3 107.1 110.9 102.4 101.4 98.2 122.7 119.7 112.3 112.0 108.6 116.9 113.9 106.7 112.7 101.7 103.6 102.9 127.2 128.1 114.2 116.4 111.0 121.0 116.9 107.0 113.2 107.0 105.9 100.4 135.0 135.7 114.6 123.5 112.6 123.4 119.4 109.8 116.5 113.6 112.0 106.9 142.3 144.7 120.2 128.8 119.1 126.6 127.5 117.2 125.5 123.0 116.6 110.2 152.5 149.8 118.9 133.8 123.5 134.7 141.2 123.9 131.0 129.5 121.7 112.7 163.7 153.3 117.2 138.3 128.9 136.8 145.6 125.2 134.5 134.2 126.0 112.1 168.2 52.5 41.3 19.2 41.6 49.2 35.4 50.0 37.4 44.8 55.1 52.6 71.2 78.6 73.5 69.9 78.0 82.0 73.3 86.6 78.0 84.4 86.9 92.5 95.0 96.3 93.5 91.9 95.7 95.9 88.6 96.1 90.5 95.8 99.5 100.3 104.8 91.7 96.3 91.7 99.5 97.4 91.8 95.4 96.3 100.0 104.0 105.7 103.5 84.9 89.9 86.2 92.0 95.0 90.0 91.0 86.9 92.7 101.0 106.1 96.3 93.1 96.5 94.8 99.4 99.6 96.1 98.0 97.9 99.0 101.4 106.1 98.2 106.0 104.6 106.7 101.6 99.7 103.4 101.8 101.8 102.8 98.2 97.3 100.6 108.1 108.5 113.9 104.4 105.4 106.1 106.6 108.6 106.1 100.3 103.6 100.5 103.2 103.6 124.1 107.3 110.1 106.6 106.6 115.4 106.6 98.8 104.0 91.7 104.8 107.4 129.8 106.0 106.6 105.9 104.9 114.3 106.7 97.7 100.6 86.2 98.4 95.6 137.3 110.5 108.3 106.0 102.4 111.6 105.0 97.4 100.1 86.4 104.7 101.0 148.2 112.1 115.6 107.4 103.6 109.2 107.0 97.2 105.2 88.9 116.0 108.4 165.4 114.1 120.0 108.4 106.4 113.7 112.9 102.6 111.5 92.4 120.4 113.6 179.3 115.1 123.6 108.6 111.7 115.5 115.3 105.2 113.8 95.2 124.4 115.4 182.1 84.4 81.4 82.7 127.1 132.4 97.2 123.8 102.3 138.4 101.0 124.4 128.3 97.3 97.2 107.9 130.2 125.1 105.3 121.7 107.4 131.2 106.4 114.6 119.1 103.1 103.6 110.7 122.3 115.2 107.8 114.4 99.6 117.6 105.1 105.7 109.5 101.2 105.0 106.1 120.4 113.2 107.8 109.2 101.0 113.5 106.5 107.0 106.3 91.4 101.5 98.2 107.1 100.4 101.7 101.0 95.4 107.6 104.3 105.9 101.2 95.9 101.8 100.6 104.6 101.4 101.2 101.6 99.0 103.3 101.7 104.3 98.7 104.4 103.4 98.8 95.5 98.3 97.8 98.7 98.8 96.6 96.5 94.6 99.1 106.5 106.3 99.3 93.0 99.0 96.2 98.5 98.2 94.4 93.6 93.4 98.1 101.7 105.5 101.2 89.6 98.1 95.2 98.1 98.7 93.6 92.6 92.3 90.2 101.1 104.3 102.0 82.8 93.4 91.0 94.6 94.5 91.2 91.3 88.9 80.6 92.9 95.1 101.7 81.4 94.5 85.8 91.0 90.4 88.0 88.6 85.9 76.1 93.5 94.5 104.2 77.5 96.2 83.4 87.0 86.2 83.9 82.9 83.9 72.3 99.5 98.3 108.5 76.2 101.0 81.0 86.2 84.4 79.9 82.8 85.1 71.3 98.9 100.8 109.6 75.1 105.5 78.5 86.7 84.4 79.2 84.0 84.6 71.0 United States........................................................ Canada ................................................................. Japan .................................................................... Belgium................................................................. Denmark............................................................... France ................................................................... Germany............................................................... Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 36.5 27.5 8.9 13.8 12.6 15.1 18.8 8.3 12.5 15.8 14.7 15.2 57.4 47.9 33.9 34.9 36.3 36.6 48.0 26.1 39.0 37.9 38.5 31.5 68.8 60.3 55.1 53.5 56.1 52.3 67.5 43.7 60.5 54.5 54.2 48.3 76.2 69.1 72.3 65.2 67.9 62.0 76.9 54.5 71.9 63.6 63.8 57.7 85.1 78.9 84.2 79.0 81.0 76.7 84.5 70.2 82.2 77.2 77.3 77.3 92.1 90.3 90.7 89.5 90.4 88.9 91.3 84.2 91.9 88.8 91.5 89.3 108.2 107.6 106.6 107.8 110.2 113.5 107.8 114.5 108.4 110.0 111.4 116.4 118.6 118.6 113.4 117.5 123.1 129.3 116.1 134.7 117.0 116.0 120.1 138.8 132.4 131.3 120.7 130.4 135.9 148.2 125.6 160.2 123.6 128.0 133.6 168.3 145.2 151.1 129.8 144.5 149.6 171.5 134.5 197.1 129.1 142.8 148.1 192.5 157.5 167.3 136.6 150.7 162.9 202.3 141.0 237.3 137.5 156.0 158.9 212.3 162.4 177.4 140.7 159.8 174.2 227.0 148.4 276.4 144.0 173.5 173.3 227.7 168.2 188.0 144.9 173.1 184.3 246.9 155.5 307.4 151.0 188.3 189.7 243.9 176.7 195.9 152.0 183.7 194.4 262.5 162.8 339.5 159.0 204.8 208.9 261.3 National currency basis United States........................................................ Canada ................................................................. Japan .................................................................... Belgium................................................................. Denmark................................................................ France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 58.7 54.2 38.4 42.0 33.8 41.6 46.6 22.8 38.5 29.0 34.8 27.4 71.0 63.4 52.3 58.2 55.4 52.6 67.4 36.0 60.7 46.4 47.7 39.5 73.7 66.8 66.4 68.4 67.4 63.6 80.3 48.1 74.3 57.6 57.2 50.5 84.1 75.3 83.6 78.9 79.0 72.8 88.0 57.2 81.6 65.2 64.6 59.3 91.7 89.1 96.0 91.9 85.6 86.7 93.8 77.1 95.4 79.7 77.1 81.2 94.9 95.3 96.2 94.2 92.1 93.6 94.6 85.1 96.0 89.1 90.0 89.8 106.6 106.5 98.7 101.4 108.6 107.4 104.5 111.2 101.8 108.1 108.4 114.7 117.0 116.2 98.8 104.7 115.7 117.3 107.3 121.9 104.1 108.2 108.3 135.5 130.6 133.7 98.4 109.0 121.0 132.3 115.7 137.0 108.5 120.0 118.6 165.4 140.1 146.7 102.0 112.8 131.1 147.4 121.2 162.9 110.4 133.4 130.9 179.9 148.7 166.5 101.2 111.1 142.2 163.8 125.2 192.4 115.2 142.1 136.3 186.9 145.0 166.0 98.9 110.5 144.9 176.2 124.6 218.3 113.0 148.0 138.1 185.1 144.2 170.6 95.0 115.6 155.1 184.5 125.9 228.2 106.9 152.0 144.8 188.4 145.1 173.8 92.9 119.8 166.0 189.8 126.3 248.2 109.2 163.5 155.3 194.7 U.S. dollar basis United States........................................................ Canada ................................................................. Japan .................................................................... Belgium................................................................. Denmark ................................................................ France................................................................... Germany............................................................... Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 58.7 59.4 28.5 30.2 29.5 41.7 25.9 32.5 25.1 21.7 30.1 44.2 71.0 64.5 39.1 42.0 44.4 46.8 42.9 50.6 41.2 34.5 41.1 54.2 73.7 71.0 65.6 63.1 67.2 70.4 70.4 73.1 65.6 53.4 58.7 70.9 84.1 81.8 76.8 72.7 77.9 74.5 79.1 77.6 74.6 62.8 65.1 79.5 91.7 93.1 86.7 89.7 89.6 99.5 88.7 104.3 92.8 81.4 83.2 103.4 94.9 102.7 86.9 87.5 91.5 96.3 87.3 90.5 89.1 86.9 92.3 92.9 106.6 99.3 126.8 115.6 118.4 117.3 121.0 115.6 115.7 109.7 107.2 126.1 117.0 105.4 121.3 127.9 132.0 135.5 135.9 129.5 127.4 113.8 112.9 164.9 130.6 121.5 116.8 133.7 129.0 154.1 147.9 141.4 134.2 129.3 125.3 220.5 140.1 130.0 123.8 109.2 110.3 133.2 124.9 126.3 108.9 123.6 115.4 208.8 148.7 143.4 108.8 86.9 102.3 122.4 119.7 125.4 105.8 117.1 96.9 187.2 145.0 143.1 111.5 77.4 95.1 113.7 113.3 126.8 97.1 107.9 80.4 160.8 144.2 139.9 107.2 71.7 89.9 103.8 102.7 114.7 81.8 99.1 78.2 144.3 145.1 135.2 104.3 72.3 94.0 103.9 99.6 114.8 80.7 101.3 80.6 144.8 Item and country O u tp u t p e r hou r United States........................................................ Canada ................................................................. Japan .................................................................... Belgium................................................................. Denmark................................................................ France ................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 116.6 140.9 131.4 138.4 - 122.1 136.4 138.2 O utp ut United States ........................................................ Canada .................................................................. Japan .................................................................... Belgium.................................................................. Denmark ................................................................ France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 127.0 108.1 114.5 119.3 107.0 114.4 96.0 T o ta l hours United States........................................................ Canada ................................................................. Japan .................................................................... Belgium................................................................. Denmark................................................................ France................................................................... Germany................................................................ Italy........................................................................ Netherlands........................................................... Norway.................................................................. Sweden................................................................. United Kingdom.................................................... 98.7 103.0 108.3 - 108.9 76.7 87.2 86.2 - 87.6 83.9 69.5 C o m p e n s a tio n p e r hour 181.9 202.2 157.3 - 202.6 274.0 171.0 353.9 - 220.5 223.1 282.4 Unit lab o r costs: 144.3 180.4 93.5 - 173.8 194.4 130.2 255.7 - 180.5 163.6 204.4 U n it lab o r costs: 144.3 137.9 148.7 - 128.9 138.0 139.2 151.4 - 129.8 102.5 171.9 - Data not available. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 121 MONTHLY LABOR REVIEW 48. September 1987 • Current Labor Statistics: Illness and Injury Data Occupational injury and illness incidence rates by industry, United States Incidence rates per 100 full-time workers2 Industry and type of case1 1977 1978 1979 1980 1981 1982 1983 1984 1985 P R IV A T E S E C TO R 3 Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ 9.3 3.8 61.6 9.4 4.1 63.5 9.5 4.3 67.7 8.7 4.0 65.2 8.3 3.8 61.7 7.7 3.5 58.7 7.6 3.4 58.5 8.0 3.7 63.4 7.9 3.6 64.9 11.5 5.1 81.1 11.6 5.4 80.7 11.7 5.7 83.7 11.9 5.8 82.7 12.3 5.9 82.8 11.8 5.9 86.0 11.9 6.1 90.8 12.0 6.1 90.7 11.4 5.7 91.3 10.9 6.0 128.8 11.5 6.4 143.2 11.4 6.8 150.5 11.2 6.5 163.6 11.6 6.2 146.4 10.5 5.4 137.3 8.4 4.5 125.1 9.7 5.3 160.2 8.4 4.8 145.3 15.5 5.9 111.5 16.0 6.4 109.4 16.2 6.8 120.4 15.7 6.5 117.0 15.1 6.3 113.1 14.6 6.0 115.7 14.8 6.3 118.2 15.5 6.9 128.1 15.2 6.8 128.9 15.0 5.7 100.2 15.9 6.3 105.3 16.3 6.8 111.2 15.5 6.5 113.0 15.1 6.1 107.1 14.1 5.9 112.0 14.4 6.2 113.0 15.4 6.9 121.3 15.2 6.8 120.4 16.0 5.7 116.7 16.6 6.2 110.9 16.6 6.7 123.1 16.3 6.3 117.6 14.9 6.0 106.0 15.1 5.8 113.1 15.4 6.2 122.4 14.9 6.4 131.7 14.5 6.3 127.3 15.6 6.1 115.5 15.8 6.6 111.0 16.0 6.9 124.3 15.5 6.7 118.9 15.2 6.6 119.3 14.7 6.2 118.6 14.8 6.4 119.0 15.8 7.1 130.1 15.4 7.0 133.3 13.1 5.1 82.3 13.2 5.6 84.9 13.3 5.9 90.2 12.2 5.4 86.7 11.5 5.1 82.0 10.2 4.4 75.0 10.0 4.3 73.5 10.6 4.7 77.9 10.4 4.6 80.2 22.3 10.4 178.0 22.6 11.1 178.8 20.7 10.8 175.9 18.6 9.5 171.8 17.6 9.0 158.4 16.9 8.3 153.3 18.3 9.2 163.5 19.6 9.9 172.0 18.5 9.3 171.4 17.2 6.0 92.0 17.5 6.9 95.9 17.6 7.1 99.6 16.0 6.6 97.6 15.1 6.2 91.9 13.9 5.5 85.6 14.1 5.7 83.0 15.3 6.4 101.5 15.0 6.3 100.4 16.9 6.9 120.4 16.8 7.8 126.3 16.8 8.0 133.7 15.0 7.1 128.1 14.1 6.9 122.2 13.0 6.1 112.2 13.1 6.0 112.0 13.6 6.6 120.8 13.9 6.7 127.8 16.2 6.8 119.4 17.0 7.5 123.6 17.3 8.1 134.7 15.2 7.1 128.3 14.4 6.7 121.3 12.4 5.4 101.6 12.4 5.4 103.4 13.3 6.1 115.3 12.6 5.7 113.8 19.1 7.2 109.0 19.3 8.0 112.4 19.9 8.7 124.2 18.5 8.0 118.4 17.5 7.5 109.9 15.3 6.4 102.5 15.1 6.1 96.5 16.1 6.7 104.9 16.3 6.9 110.1 14.0 4.7 69.9 14.4 5.4 75.1 14.7 5.9 83.6 13.7 5.5 81.3 12.9 5.1 74.9 10.7 4.2 66.0 9.8 3.6 58.1 10.7 4.1 65.8 10.8 4.2 69.3 8.6 3.0 46.7 8.7 3.3 50.3 8.6 3.4 51.9 8.0 3.3 51.8 7.4 3.1 48.4 6.5 2.7 42.2 6.3 2.6 41.4 6.8 2.8 45.0 6.4 2.7 45.7 11.8 5.0 79.3 11.5 5.1 78.0 11.6 5.5 85.9 10.6 4.9 82.4 9.8 4.6 78.1 9.2 4.0 72.2 8.4 3.6 64.5 9.3 4.2 68.8 9.0 3.9 71.6 7.0 2.4 37.4 6.9 2.6 37.0 7.2 2.8 40.0 6.8 2.7 41.8 6.5 2.7 39.2 5.6 2.3 37.C 5.2 2.1 35.6 5y 2.2 37.5 5.2 2.2 37.9 11.5 4.0 58.7 11.8 4.5 66.4 11.7 4.7 67.7 10.£ 4.4 67.9 10.7 4.4 68.3 9.E 4.1 69.9 9.S 4.0 66.3 10.5 4.3 70.2 9.7 4.2 73.2 A g ricu ltu re, fo re s try , and fish in g 3 Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ M ining Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ C o nstru ction Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ General building contractors: Total cases................................................................................................ Lost workday cases .................................................................................. Lost workdays............................................................................................ Heavy construction contractors: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Special trade contractors: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ M anufacturin g Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ D u ra ble goo ds Lumber and wood products: Total cases................................................................................................ Lost workday cases .................................................................................. Lost workdays............................................................................................ Furniture and fixtures: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays........................................................................................... Stone, clay, and glass products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Primary metal industries: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Fabricated metal products: Total cases................................................................................................ Lost workday cases .................................................................................. Lost workdays........................................................................................... Machinery, except electrical: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Electric and electronic equipment: Total cases............................................................................................... Lost workday cases ................................................................................. Lost workdays........................................................................................... Transportation equipment: Total cases............................................................................................... Lost workday cases................................................................................. Lost workdays........................................................................................... Instruments and related products: Lost workday cases ................................................................................. Miscellaneous manufacturing industries: Lost workday cases................................................................................. Lost workdays........................................................................................... See footnotes at end of table. 122FRASER Digitized for https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 48. Continued— Occupational injury and illness incidence rates by industry, United States Incidence rates per 100 full-time workers2 1977 1978 1979 1980 1981 1982 1983 1984 1985 N o n d u rab le g oo ds Food and kindred products: Total cases.............................................................................................. Lost workday cases.................................................................................. Lost workdays............................................................................ Tobacco manufacturing: Total cases............................................................................................... Lost workday cases.................................................................................. Lost workdays........................................................................................... Textile mill products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays.................................................................................... Apparel and other textile products: Total cases.................................................................................. Lost workday cases.................................................................................. Lost workdays............................................................................. Paper and allied products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Printing and publishing: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Chemicals and allied products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays.......................................................................................... Petroleum and coal products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Rubber and miscellaneous plastics products: Total cases................................................................................................ Lost workday cases.................................................................................. Lost workdays............................................................................................ Leather and leather products: Total cases............................................................................................. Lost workday cases........................................................................ Lost workdays..................................................................................... 19.5 8.5 130.1 19.4 8.9 132.2 19.9 9.5 141.8 18.7 9.0 136.8 17.8 8.6 130.7 16.7 8.0 129.3 16.5 7.9 131.2 16.7 8.1 131.6 16.7 8.1 138.0 9.1 3.8 66.7 8.7 4.0 58.6 9.3 4.2 64.8 8.1 3.8 45.8 8.2 3.9 56.8 7.2 3.2 44.6 6.5 3.0 42.8 7.7 3.2 51.7 7.3 3.0 51.7 10.2 2.9 57.4 10.2 3.4 61.5 9.7 3.4 61.3 9.1 3.3 62.8 8.8 3.2 59.2 7.6 2.8 53.8 7.4 2.8 51.4 8.0 3.0 54.0 7.5 3.0 57.4 6.7 2.0 31.7 6.5 2.2 32.4 6.5 2.2 34.1 6.4 2.2 34.9 6.3 2.2 35.0 6.0 2.1 36.4 6.4 2.4 40.6 6.7 2.5 40.9 6.7 2.6 44.1 13.6 5.0 101.6 13.5 5.7 103.3 13.5 6.0 108.4 12.7 5.8 112.3 11.6 5.4 103.6 10.6 4.9 99.1 10.0 4.5 90.3 10.4 4.7 93.8 10.2 4.7 94.6 6.8 2.7 41.7 7.0 2.9 43.8 7.1 3.1 45.1 6.9 3.1 46.5 6.7 3.0 47.4 6.6 2.8 45.7 6.6 2.9 44.6 6.5 2.9 46.0 6.3 2.9 49.2 8.0 3.1 51.4 7.8 3.3 50.9 7.7 3.5 54.9 6.8 3.1 50.3 6.6 3.0 48.1 5.7 2.5 39.4 5.5 2.5 42.3 5.3 2.4 40.8 5.1 2.3 38.8 8.1 3.3 59.2 7.9 3.4 58.3 7.7 3.6 62.0 7.2 3.5 59.1 6.7 2.9 51.2 5.3 2.5 46.4 5.5 2.4 46.8 5.1 2.4 53.5 5.1 2.4 49.9 16.8 7.6 118.1 17.1 8.1 125.5 17.1 8.2 127.1 15.5 7.4 118.6 14.6 7.2 117.4 12.7 6.0 100.9 13.0 6.2 101.4 13.6 6.4 104.3 13.4 6.3 107.4 11.5 4.4 68.9 11.7 4.7 72.5 11.5 4.9 76.2 11.7 5.0 82.7 11.5 5.1 82.6 9.9 4.5 86.5 10.0 4.4 87.3 10.5 4.7 94.4 10.3 4.6 88.3 9.7 5.3 95.9 10.1 5.7 102.3 10.0 5.9 107.0 9.4 5.5 104.5 9.0 5.3 100.6 8.5 4.9 96.7 8.2 4.7 94.9 8.8 5.2 105.1 8.6 5.0 107.1 7.7 2.9 44.0 7.9 3.2 44.9 8.0 3.4 49.0 7.4 3.2 48.7 7.3 3.1 45.3 7.2 3.1 45.5 7.2 3.1 47.8 7.4 3.3 50.5 7.4 3.2 50.7 8.5 3.6 52.5 8.9 3.9 57.5 8.8 4.1 59.1 8.2 3.9 58.2 7.7 3.6 54.7 7.1 3.4 52.1 7.0 3.2 50.6 7.2 3.5 55.5 7.2 3.5 59.8 7.4 2.7 40.5 7.5 2.8 39.7 7.7 3.1 44.7 7.1 2.9 44.5 7.1 2.9 41.1 7.2 2.9 42.6 7.3 3.0 46.7 7.5 3.2 48.4 7.5 3.1 47.0 2.0 .8 10.4 2.1 .8 12.5 2.1 .9 13.3 2.0 .8 12.2 1.9 .8 11.6 2.0 .9 13.2 2.0 .9 12.8 1.9 .9 13.6 2.0 .9 15.4 5.5 2.2 35.4 5.5 2.4 36.2 5.5 2.5 38.1 5.2 2.3 35.8 5.0 2.3 35.9 4.9 2.3 35.8 5.1 2.4 37.0 5.2 2.5 41.1 5.4 2.6 45.4 T ra n s p o rta tio n an d public utilities Total cases............................................................................................ Lost workday cases.................................................................................. Lost workdays.............................................................................. W h o lesale and retail tra d e Total cases............................................................................ Lost workday cases ........................................................................... Lost workdays................................................................... Wholesale trade: Total cases............................................................................ Lost workday cases ................................................................................. Lost workdays....................................................... Retail trade: Total cases..................................................................... Lost workday cases....................................................................... Lost workdays................................................................... Finance, Insurance , and real esta te Total cases............................................................................... Lost workday cases ............................................................................... Lost workdays................................................................. Serv ices Total cases................................................................................................ Lost workday cases .................................................................................. 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