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United t t Lr .. .J2021, Bureau of r Statistics Washington, D Productivity, as measured by output per hour of all persons, increased 4 .1 percent in the business sector in the second quarter of 1983, according to preliminary measures announced today by the Bureau of Labor Statistics of the U .S . Department of Labor . This productivity increase was the largest quarterly rise since the 4 .7 percent gain during the third quarter of 1981 and was significantly larger than the 2 .0 percent increase one quarter earlier . Together with continuing moderation in the rate of increase of hourly compensation during the second quarter of 1983, the increase in productivity resulted in the first quarterly decline in unit labor cost in this sector since 1975 . Other second-quarter productivity measures showed increases at these annual rates : 4 .3 8 .9 10 .3 7 .0 percent percent percent percent for the nonfarm business sector, in manufacturing as a whole, in durable goods manufacturing, and in nondurable goods manufacturing . All of these measures --which are preliminary- are summarized in table A and appear in detail in tables 1-5 . In addition to productivity, the measures include output, hours, hourly .compensation, real hourly compensation, and unit labor cost, as changed from the previous quarter and the same quarter of the previous year . All data are at seasonally adjusted annual rates . For nonfinancial corporations, revised first-quarter measures for 1983 were also reported . . today . (See table B .) All of the productivity and cost measures in this release incorporate revised output and compensation measures reported by the Bureau of Economic Analysis (BEA) of the U .S . Department of Commerce on July 21, 1983, as part of the regular revision cycle of the National Income and Product Accounts--the Gross National Product (GNP) measures . These revisions affected the productivity and cost measures begining with 1980 . In addition, revised values for seasonally adjusting measures of employment and average weekly hours were introduced . Data for employees of nonagricultural establishments were re-benchmarked to the most recent levels from Unemployment Insurance data and improved estimates of price change in the rental equivalency of some facilities used by nonprofit institutions were incorporated . Historical information, which shows the effect of these revisions, is available on request from the Office of Productivity and Technology, Bureau of Labor Statistics, Washington, D .C . 20212 ; telephone (202) 523-9261 . The appendix tables contained in this news release present the productivity and related measures far the entire period affected by the GNP revisions--1980 forward . -2Table A . Productivity and costs : Percent change at annual rate (Seasonally adjusted) Sector Productivity Output Hourly compenHours sation Real hourly Unit compen- labor sation cost PRELIMINARY First quarter 1983 to second quarter 1983 Business Nonfarm business Manufacturing Durable Nondurable 4 .1 4 .3 8 .9 10 .3 7 .0 10 .9 10 .9 20 .3 24 .3 15 .0 6 .5 6 .3 10 .5 12 .6 7 .5 3 .7 4 .6 1 .9 1 .3 2 .5 -0 .4 0 .4 -2 .2 -2 .8 -1 .6 -0 .4 0 .2 -6 .4 -8 .2 -4 .1 Second quarter 1982 to second quarter 1983 Business Nonfarm business Manufacturing Durable Nondurable 2 .8 2 .9 6 .9 7 .6 5 .7 2 .8 2 .6 5 .4 4 .7 6 .4 0 .0 -0 .3 -1 .4 . -2 .8 0 .7 5 .4 6 .1 5 .9 5 .9 6 .2 2 .0 2 .6 2 .4 2 .5 2 .8 2 .5 3 .1 -0 .9 -1 .6 0 .5 Business sector Although the 4 .1 percent increase in business productivity during the second quarter was the largest in 2 years, it reflected the biggest gains in output and hours since the second quarter of 1978 --5 years ago . (In the second quarter of 1978, output increased 11 .7 percent, and hours went-up 10 .5 percent, at seasonally adjusted annual rates .) Moreover, the increase in hours of all persons'partly reflected a 4 .3 percent gain in sector employment, the first substantial gain since the third quarter of 1981 and the largest since the first quarter of 1979 . Hourly compensation, which includes employer expenditures for wages and salaries as well as payments for social security, private pension and health plans, and other employee benefits, increased 3 .7 percent during the second quarter, the smallest quarterly gain in more than 11 years . (In the fourth quarter of 1971, hourly compensation went up only 2 .1 percent .) During the first quarter of 1983, hourly compensation rose at a 5 .4 percent annual rate . Real hourly compensation, which is adjusted for the change in the Consumer Price Index for All Urban Consumers (CPI-U), declined 0 .4 percent in the second quarter, compared with a 5 .8 percent increase during the first quarter . This was the first quarter during which real hourly compensation declined since the third quarter of 1982, when a 1 .0 percent fall occurred (seasonally adjusted annual rates) . -3Unit labor cost (compensation per unit of output) shows the effect of increases in hourly compensation and the offsetting effect of productivity gains . During the second quarter of 1983, unit labor cost declined 0 .4 percent as the gain in hourly compensation was more than offset by the-increase in productivity . During the first quarter of 1983, unit labor cost increased 3 .3 percent, and the second-quarter decline was the first recorded in this sector in nearly 8 years . (During the third quarter of 1975, unit labor cost declined 0 .9 percent) . The implicit price deflator --a measure of price change in a sector which reflects changes in unit labor cost and unit nonlabor payments combined-increased 4 .4 percent during the second quarter, compared with a 5 .5 percent increase during the first quarter . See table 1 and appendix table 1 . Nonfarm business sector Productivity increased at a 4 .3 percent annual rate in the nonfarm business sector during the second quarter of 1983, compared with a 3 .7 percent gain during the first quarter . This was the largest quarterly gain in productivity since the 5 .2 percent gain during the first quarter of 1981 . Second-quarter 1983 gains in output and hours were 10 .9 percent and 6 .3 percent, respectively, and were the largest since the second quarter of 1978 (when output and hours rose 12 .9 percent and 11 .1 percent, respectively) . The increase in hours reflected a 3 .9 percent gain in employment, the first since the third quarter of 1981 and the largest since the first quarter of 1979 . Hourly compensation rose 4 .6 percent during the second quarter, while during the first quarter, these expenditures rose at a 6 .8 percent annual rate . This was the smallest increase in hourly compensation since the fourth quarter of 1977 (when a 2 .1 percent increase occurred) . Unit labor cost rose 0 .2 percent during the second quarter of 1983, the smallest quarterly gain since the third quarter of 1975 (when a 0 .1 percent rise was recorded) . Real hourly compensation increased 0 .4 percent in the second quarter, compared with a 7 .2 percent gain during the first quarter . Prices --as measured by the nonfarm business implicit price deflator-rose 4 .7 percent in the second quarter, compared with a 5 .3 percent rise during the first quarter . See table 2 and appendix table 2 . Manufacturing In manufacturing, productivity increased at an 8 .9 percent annual rate in the second quarter of 1983, compared with an 8 .0 percent gain during the first quarter . Output in manufacturing increased 12 .7 percent in the first quarter and 20 .3 percent in the second, as hours of all persons went up 4 .3 percent and 10 .5 percent, respectively (seasonally adjusted annual rates) . The secondquarter increase in output was the largest in this sector since the fourth quarter of 1980 (when a 22 .3 percent increase occurred) and the increase in hours was the largest since the first quarter of 1976 (when a 10 .9 percent gain occurred) . Employment increased at a 6 .2 percent annual rate, and the length of the average workweek increased 4 .1 percent . The gain in employment was the largest since the first quarter of 1976 (when it rose 7 .5 percent) . -4Hourly compensation increased 1 .9 percent during the second quarter, compared with a 10 .7 percent rise during the first quarter . This was the smallest increase in hourly compensation since the second quarter of 1965 (when a 1 .8 percent increase occurred) . The rapid increase in productivity coupled with the small'increase in hourly compensation resulted in a 6 .4 percent decline in unit labor cost --compensation per unit of output . This decline was the first in unit labor cost since the third quarter of last year (when it fell 2 .8 percent) and the largest since the third quarter of 1975 (when an 11 .8 percent decline occurred) . Real hourly compensation declined 2 .2 percent, compared with an 11 .1 percent increase during the first quarter . See tables 3-5 and appendix tables 3-5 . Revised measures Revised first-quarter productivity and cost measures were also reported today for the nonfinancial corporate sector ; see table 6 and appendix table 6 . Productivity increased 3 .4 percent, as output went up 4 .6 percent and employee-hours rose 1 .2 percent (seasonally adjusted annual rates) . Hourly compensation rose 6 .0 percent, and unit labor cost rose 2 .5 percent . A comparison of these revised measures with preliminary values published on May 26 is presented in table B . Table B . Preliminary and revised productivity and related measures, first quarter 1983 Percent change from previous quarter at annual rate (Seasonally adjusted) Nonfinancial corporate sector Item Prelim . Revised Productivity 4 .6 3 .4 Output Hours 6 .3 1 .6 4 .6 1 .2 Hourly compensation 5 .4 6 .0 Real hourly Unit Unit sation cost cost compen- labor 5 .'8 0 .8 6 .4 2 .5 nonlabor Unit -2 .0 -2 .8 95 .4 79 .9 profits Appendix tables 1-6 contain 1980-1981 measures of productivity and costs affected by the regular 3-year GNP revision cycle mentioned on page 1 . The underlying components for the productivity measures which are part of the National Income and Product Accounts were revised beginning with data for 1980 . In addition, more complete price deflators for the rental equivalency of equipment and structures owned and occupied by nonprofit institutions and more complete information on the hours of all persons engaged in the major sectors were also incorporated at this time . (New seasonal factors were used to adjust the monthly employment and average weekly hours measures of employees on, nonagricultural payrolls, and the levels were adjusted to take into account information from Unemployment Insurance records .) Historical series are available as noted in the box on page 1 . -5TECHNICAL NOTES Business sector output is equal to gross national product less the rest-of-thewo"rld sector, general government, output of paid employees of private households and nonprofit institutions, rental value of owner-occupied dwellings, and the statistical discrepancy in computing the national income accounts . Corresponding exclusions are also made in labor inputs . Business output has accounted for about 77 percent of gross national product in recent years . Total manufacturing measures are computed by summing series prepared for the durable and nondurable goods sectors . The durable sector includes the following 2-digit SIC industries : Primary metal ; fabricated metal products ; nonelectrical machinery ; electrical machinery ; transportation equipment ; instruments ; lumber and lumber products ; furniture and fixtures ; stone, clay, and glass products ; and miscellaneous manufactures . The nondurable sector includes the following 2-digit SIC industries : Textile mill products, apparel products, leather and leather products, printing and publishing, chemicals and chemical products, petroleum products, rubber and plastic products, foods, and tobacco products . Manufacturing output has accounted for about 24 percent of gross national product in recent years . Nonfinancial corporate output is equal to gross national product less the restof-the-world sector, general government, unincorporated business, output of paid employees of private households and nonprofit institutions, rental value of owner-occupied dwellings, the output of corporations engaged in banking, finance, stock and commodity trading, and credit and insurance agencies, and the statistical discrepancy in computing the national income accounts . Nonfinancial corporate output has accounted for about 59 percent of gross national product in recent years . The productivity and associated cost measures in this news release describe the relationship between output in real terms and the labor time involved in its production . They show the changes from period to period in the amount of goods and services produced per hour . Although these measures relate output to hours of all persons engaged in a sector, they do not measure the specific contributions of labor, capital, or any other factor of production . Rather, they reflect the joint effects of many influences, including changes in technology ; capital investment ; level of output ; utilization of capacity, energy, and materials ; the organization of production ; managerial skill ; and the characteristics and effort of the work force . TABLE 1 . BUSINESS SECTOR, ALL PERSONS : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED REAL COMPENSAHOURS COMPENSAUNIT UNIT NONIMPLICIT TION PER TION PER LABOR LABOR PAYPRICE OF ALL PERSONS HOUR(1) HOUR(2) COST MENTS(3) DEFLATOR -------------- ---------------------------- ----------------- ------------ ---------------- ------------- -------------- ---------- -- YEAR AND QUARTER OUTPUT PER HOUR OF ALL PERSONS OUTPUT INDEXES 1977=100 I II III IV 101 .1R 100 .7R 101 .1R 101 .9R 107 .2R 106 .9R 106 .6R 106 .OR 106 .OR 106 .2R 105 .4R 104 .OR 151 .6R 153 .9R 156 .5R 158 .7R 97 .1R 97 .4R 97 .IR 98 .OR 149 .9R 152 .9 154 .7R 155 .6R 137 .OR 137 .0 136 .3R 137 .4R 145 .5R 147 .5 148 .5R 149 .4R ANNUAL 101 .28 106 .7R 105 .4 155 .1R 97 .4R 153 .3R 136 .9R 147 .7R 1982 107 .1 104 .5 160 .7R 99 .4R 156 .9R 140 .8R 151 .5R 102 .5R 1 109 .9P 106 .2P 162 .2P 99 .3P 156 .8P 145 .9P 153 .1P II 103 .5P -------------- ------------------ -------------- ------------- ------------ ---------------- ------------- -------------- ------------ -1983 PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) I II III IV -0 .4R -1 .6R 1 .7R 3 .3R -6 .3R -1 .OR -1 .IR -2 .3R -6 .OR 0 .6R -2 .7R -5 .4R 9 .4R 6 .4R 6 .7R 5 .7R 6 .3R 1 .1R -1 .OR 3 .7R 9 .8R 8 .IR 5 .OR 2 .3R -8 .8R -O .IR -2 .OR 3 .2R 3 .4R 5 .5R 2 .7R 2 .6R ANNUAL -O .1R -2 .8R -2 .7R 7 .7R 1 .5R 7 .9R 0 .5R 5 .4R I II 2 .OR 4 .IP 4 .2R 10 .9P 2 .1R 6 .5P 5 .4R 3 .7P 5 .8R -0 .4P 3 .3R -0 .4P 10 .5R 15 .2P 5 .5R 4 .4P 1982 1983 ----------------------------------------------------------------------- ----------------------------- ---------------------------9 PERCENT CHANGE FROM CORRESPONDIN G QUARTER OF PREVIOUS YEAR(6) I II III IV 0 .6R -0 .4R -1 .1R 0 .7R -1 .8R -2 .6R -4 .IR -2 .7R -2 .4R -2 .2R -3 .OR -3 .41 8 .5R 8 .2R 7 .5R 7 .1R 0 .8R 1 .3R 1 .6R 2 .5R 7 .9R 8 .7R 8 .7R 6 .31 4 .4R 2 .7 -2 .6R -2 .OR 6 .7R 6 .7R 4 .9R 3 .5R ANNUAL -O .1R -2 .8R -2 .7R 7 .7R 1 .51 7 .91 0 .51 5 .41 1982 -1 .4R 6 .1R 2 .4R 4 .7R I 1 .31 -O .1R 2 .8R 4 .11 2 .8P 2 .8P O .OP 5 .4P 2 .OP 2 .5P 6 .5P II 3 .8P ---- ---------- ------- ------- --- --- ------------- ------------ ----------------------------------------- ----- --------- ---------SEE FOOTNOTES FOLLOWING TABLE 6 . R=RE VISED JULY 29, 1983 Based on revised data, P=PRELIMINARY SOURCE : BUREAU OF LABOR STATISTICS see page 4 . 1983 TABLE 2. NONFARM BUSINESS SECTOR, ALL PERSONS .: PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED YEAR AND QUARTER OUTPUT PER HOUR OF ALL PERSONS OUTPUT HOURS OF ALL PERSONS COMPENSATION PER HOUR(1) REAL CONPENSATION PER HOUR(2) UNIT LABOR COST UNIT NONLABOR PAYMENTS(3) IMPLICIT PRICE DE TOR INDEXES 1977®100 II III IV 1 100 .OR 99 .98 100 .4 100.88 106 .58 106.78 106.58 105 .48 106 .58 106 .88 106 .08 104 .68 151 .3K 153 .58 156 .18 158 .35 96 .98 . 97 .18 96.98 97 .88 151 .38 153 .68 155.48 157 .18 136 .48 137 .78 136 .58 137 .28 -146.48 148 .38 149®1R 150 .58 ANNUAL 100 .ZR 106 .38 106 .08 154.78 97 .18 154 .48 137 .08 148.-6R I 101 .78 106.78 104 .98 161 .08 99.58 158.38 140 .78 152.48 3 .78 5.48 2 .28 3.78 1982' 1983 Ii 102 .8P M 109.5P 106 .5P PERCENT CHANGE F 162 .8P 99 .6P 158 .4P 145 .7P PREVIOUS QUARTER AT ANNUAL RATE(S) 1 II IIi IV O .IR -0 .4R. 2 .38 1 .38 -6.28 0 .8R -0 .68 -4 .18 -6 .28 1 .28 -2 .98 -5.38 10.08 5 .88 7 .28 5 .88 6.8R 095R. -0.6R 3.78 9.98 6 .28 4 .78 4 .48 -8®5R 3.78 -3 .48 2 .08 ANNUAL -0 .18 -2 .88 -2.78 7 .88 1 .68 7 .98 1 .48 1.28 .8R 6 7.28 3 .OR 10.68 1982 I 1983 Ii 3 .78 4 .3P 4.98 10 .9? 154 .2P 6.3P 4 .6P 0,4P 0.2P -5.8 5.38 15 .IP 4 .7P 7 .4 7 .18 5 .28 3..78 PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) I II III IV -0.11 -0.38 -0.68 0.88 -2 .58 -2 .58 -3 .68 -2.68 -2 .48 -2 .28 -3 .OR -3 .48 8.68 8 .28 7 .68 7 .28 0 .9R 1 .38 1 .78 2 .68 8 . .78 8 .58 8 .38 6.3R 4 .78 6 .28 -1 .38 -1 .68 ANNUAL -0.iK -2 .88 -2 .7R 7 .8R 1 .6R 7 .98 1 .4R 1982 5 .8 0 .28 -1 .5R 6 .48 2 .7R 4 ..68 3 .18 4 .18 6 .1P 2 .6P 3 .1P 2 .6P -0.3P 5 .8P 3 .9P - - - ------ - -- - - --- ------- - ------------ ------------- ------------- -- - ------- - ------- - -SEE FOOTNOTES FOLLOWING TABLE 6 . JULY 29, 1983 R=REVISED Based on revised data , SOURCE : BUREAU OF LABO R STATISTICS P=PRELIMINARY see page 4 . 1983 I II 1 .78 2 .9P TABLE 3 . MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED REAL COMPENSAUNIT HOURS COMPENSAOUTPUT OUTPUT PER TION PER TION PER LABOR OF ALL HOUR (7) HOUR(1) HOUR(2) COST PERSONS OF ALL PERSONS ------------------------------------------- ------------------------------ ---------------------------------------- INDEXES 1977-100 YEAR AND QUARTER 1 II III IV 105 .1R 105 .38 107 .88 108 .18 100 .2R 99 .5R 99 .58 97 .28 95 .4R 94 .5 92 .38 89 .9R 155 .1 157 .18 159 .6R 161 .48 99 .4 99 .48 99 .1R 99 .7R 147 .68 149 .1R 148.1R 149 .38 ANNUAL 106 .58 99 .1R 93 .08 158 .28 99 .3R 148 .58 1982 165 .58 102 .3R 150 .28 100 .18 90 .9R 110 .28 I 147 .8P .2P 166 .3P 101 .8P 104 .9P 93 112 .6P II ----------------------------------------------------------------------------------------------------------- ---------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 1983 13 .IR 5 .18 6.58 4•.5 9 .8R -0 .28 -1 .28 2 .58 -8 .OR 8 .5 2 .2 4 .38 10 .5P 10 .7R 1 .9P 11 .18 -2 .2P I II III IV 2 .8R 0 .88 9 .6R 1 .28 -11 .2R -2 .9R O .OR -9 .OR -13 .78 -3 .7R -8 .78 -10 .08 ANNUAL 1 .28 -6 .98 8 .OR 8 .9P 12 .78 20 .3P 1982 1983 I II --------------- ---------------- 9 .9R 4 .3R -2 .88 3 .3R 7.2R 2 .58 -6 .4P ------------- -------------- ------------------------------------------------------------------------; ------ ----PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) I II I,II IV O.OR -0.18 1 .68 3 .58 -6 .18 -7 .78 -8 .OR -5 .9R -6 .28 -7 .6 -9 .48 -9 .1R 9 .6R 8 .8R 8 .68 7 .38 1 .8R 1 .98 2 .68 2 .78 9 .58 8 .98 6 .98 3 .68 ANNUAL 1 .28 -6 .98 -8 .OR 8 .5 2 .2 7 .28 1982 3 .OR 1 .88 -467R 6 .78 4 .8R -O .1R 1 5 .9P 2.4P -0 .9P 5 .4P -1 .4P 6 .9P II --------------- ------------------------ --------------- --------------- ---------------------------------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . JULY 29, 1983 R-REVISED Based on revised data, SOURCE : BUREAU OF LABOR STATISTICS P-PRELIMINARY see page 4. 1983 TABLE 4 . DURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(11) REAL OUTPUT PER OUTPUT HOURS COMPENSACOMPENSAUNIT OF ALL TION PER TION PER HOUR (7) LABOR PERSONS HOUR(1) HOUR(2) COST OF ALL PERSONS ------------------------------ --- - -- - ---------------------- -------------- ------------ ------------------------------------------INDEXES 1977-100 YEAR AND QUARTER 1982 1983 1982 1983 I II III IV 103 .7R 104 .2R 106 .8R 107 .2R 99 .3R 98.3R 97 .6R 94 .OR 95 .78 94 .3R 91 .48 87 .7R 154 .7R 156 .7R 159 .5R 99 .1R 99 .1R 99 .OR 149 .IR 150 .4R 149 .4R ANNUAL 105 .4R 97 .3R 92 .3R 157 .9R 99.1R 149 .8R 161 .OR 99 .58 150 .3R 109 .4R 97 .4R 89 .OR 165 .4 102 .3 151 .1R 1 102 .9P 91 .7P 165 .9P 101 .6P 148 .OP II 112 .2P ---------------------- ------- ---------------- ---------- ---------------------------------------- ------ - -- ----PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) I II III IV O .1R 1 .8R 10 .4R 1 .4R -14 .6R -4 .OR -2 .5R -14 .2R -14.7R -5 .7R -11 .7R -15 .4R 11 .1R 5 .4R 7 .4R 3 .8R 7 .9R O .1R -0 .4R 1 .8R 11 .OR 3 .5R -2 .7R 2 .4R ANNUAL OAR -9 .1R -9 .9R 8 .2R 2 .OR 7 .3R I II 8 .7R 10 .3P 15 .5R 24 .3P 6 .3R 12 .6P 11 .3R 1 .3P 11 .8R -2 .8P 2 .4R -8 .2P PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1982 I II III IV -0 .5R -0 .5R 1 .5R 3 .4R -7 .5R -9 .7R -10 .3R -9 .OR -7 .OR -9 .2R -11 .6 -12 .0 9 .2R 8 .5R 8 .6R 6 .9R 1 .4R 1 .6R 2 .6R 2 .3R 9 .8R 9 .1R 7 .OR 3 .4R ANNUAL O .8R -9 .1R -9 .9R 8 .2R 2 .OR 7 .3R 5 .5R -1 .9R -7 .OR 7 .OR 3 .2R 1 .4R 1 II 7 .6P 4 .7P -2 .8P 5 .9P 2 .5P -1 .6P -------------- ------ ---------- ------------ ------------------------------------------- --------- ---- --- -- -- ------------------SEE FOOTNOTES FOLLOWING TABLE 6Based on revised data, JULY 29, 1983 R-REVISED see page 4 . P=PRELIMINARY SOURCE : BUREAU OF LABOR STATISTICS 1983 TABLE 5 . NONDURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(12) REAL COMPENSACOMPENSAUNIT HOURS OF ALL TION PER TION PER LABOR PERSONS HOUR(1) HOUR(2) COST ---- -------------------------- -------- ----- ---------------- ----------- --------------- ------------------------------------------YEAR AND QUARTER OUTPUT PER HOUR OF ALL PERSONS OUTPUT (7) INDEXES 1977=100 1982 I II 107 .2R 107 .OR 101 .7R 101 .3R 94 .8R 94 .7R IV 109 .4R 101 .9R 93 .2 III ANNUAL 109 .2R 102 .3R 108 .2R 101 .8R 155 .9R 157 .8R 99 .9R 99 .8R 145 .4R 147 .5R 93 .7R 160 .2R 163 .OR 100 .7R 99 .4R 146 .7R 94 .1R 159 .2R 99 .9R 147 .1R 149 .OR 93 .6R 166 .6R 103 .OR 149 .8R I 111 .3R 104 .1R 107 .8P 95 .3P 167 .7P 102 .6P 148 .2P II 113 .1P -------------- ---------------- ------------ ----------------- ----------- --------------- ---------------------------------- -- - -----1983 PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) 1982 I 6 .9R -6 .OR -12 .OR 17 .OR O .7R -1 .2R -1 .9R 7 .3R II III -0 .7R 8 .4R ANNUAL 1 .7R -3 .6R I II 7 .1R 7 .OP 8 .8R 15 .OP IV 1983 -1 .4R 3 .8R -0 .6R -4 .2 13 .6R 9 .4R 5 .2R 6 .OR -O .1R -1 .7R 6 .OR -2 .2R -5 .2R 9 .6R 3 .3R 7 .8R 1 .7R 7 .5P 9 .2R 2 .5P 9 .6R -1 .6P 2 .OR -4 .1P 5 .2R 6 .6 ---- -------------------------- -------------------------------------------------=----- -------------------------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS 1982 I 0 .9R -4 .1R -5 .OR 10 .5R III 1 .6R -4 .4R -6 .OR 9 .4R II 0 .5R IV 3 .7R ANNUAL 1 .7R -4 .7R -1 .3R -3 .6R -5 .2R -4 .8R -5 .2R YEAR(6) 2 .7R 9 .6R 3 .4R 7 .6R 9 .9R 2 .8R 8 .8R 4 .1R 9 .6R 3 .3R 9 .3R 4 .9R 7 .8R 2 .4R -1 .3R 3 .8R 6 .9R 3 .2R 3 .OR 6 .4P 0 .7P 6 .2P 2 .8P 0.5P 5 .7P ------------ ---------------- ------------ ---------------------------- --------------- ------------------- -------------------1983 I II SEE FOOTNOTES FOLLOWING TABLE 6 . RRREVISED P-PRELIMINARY Based on revised data, see page 4 . JULY 29, 1983 SOURCE : BUREAU OF LABOR STATISTICS TABLE 6 . NONFINANCIAL CORPORATIONS : PRODUCTIVITY, HOURLY COMPENSATION UNIT LABOR COST, UNIT PROFITS, AND PRICES, SEASONALLY ADJUSTED YEAR OUTPUT EMPLOYEE HOURLY REAL UNIT UNIT TOTAL UNIT IMPLICIT AND PER ALL- OUTPUT HOURS COMPENSA- HOURLY LABOR NON- UNIT PRO- PRICE QUARTER EMPLOYEE TION . CONPEN- COST LABOR COST FITS DEFLATOR HOUR (1) SATION(2) COST(8) (9) (10) --------------- ------ - ---- - -- ------ ----------------------- ----- - --- - ------------- --- - ------------ - ------ - ----- INDEXES 1977-100 1982 1 102 .48 II 102 .38 III 103.28 IV 103 .48 108 .68 108 .18 108 .0 106 .48 106 .0 105 .78 104 .68 102 .98 151 .78 153 .78 156 .18 158 .18 97 .28 97 .28 96 .98 97 .7R 148 .18 150 .28 151 .18 152 .98 158 .98 161 .28 161 .38 165 .98 150.98 153.18 153 .88 156.38 90 .88 90 .38 91 .28 83 .OR 144 .OR 145 .98 146 .68 147 .98 ANNUAL 102 .88 107 .88 104 .88 154 .88 97 .28 150.68 161 .88 153.58 88 .98 146 .1R 1983 104.38 107 .68 103.28 160.48 99 .28 153 .98 164 .78 156 .78 96 .18 149.78 1 PERCENT 1982 I 0 .98 II -0 .58 III 3 .88 IV 0.68 -6 .58 -1 .88 -0 .58 -6 .OR I 3 .48 4 .6I; -------- - ------------1982 1 It 0 .68 FROM PREVIOUS 1 .28 7 .88 1 .68 7 .38 6 .OR 6 .48 2 .58 -2 .88 8.38 AT ANNUAL RATE(S) _ ®~_ 7 .68 -14 .68 5 .7 1 .OR 79.911 5.18 PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) -2 .28 -3 .2R -4 .38 -3 .78 -2.88 1 .OR 8 .28 7 .68 7 .OR 1 .38 :1 .78 2 .48 8 .18 8 .18 7 .48 5 .78 11 .78 9.78 -6.28 6 .OR III IV ANNUAL 0 .58 -3 .48 -3.88 7 .88 1 .68 7 .38 8 .38 1983 'I 1 .88 -1 .OR -2 .78 5 .88 2 .18 3 .98 3 .7R SEE FOOTNOTES FOLLOWING TABLE 6 . R-REVISED P-PRELIMINARY -3 .38 -4.58 -4 .8 8.7R 0.18 O.2R i .2R QUARTER -7 .38 10.98 7 .78 9 .98 6 .18 8 .8R -42 .28 3.68 -1 .28 5 .48 0 .18 6 .OR 6 .OR 6 .OR -2.IR '5 .48 -4 .18 6.48 -1 .311 '2 .48 0 .18 1 .88 3 .88 1 .98 -6 .58 5 .4 3 .4 4 .88 11 .98 6.78 -31 .48 3 .68 ANNUAL 0 .58 -3 .48 -3 .88 1983 CHANGE Based on revised data . see page 4. 9 .OR -11 .88 8.5 7 .iR 5 .88 -9 .98 -16 .18 '-20 .3R 7 .68 -14 .68 3 .88 -- --- ---- 5 .88 7 .28 7 .-OR 5.OR 3.68 5.7 4 .OR - - - - ------------ - - JULY 29, 1983 SOURCE: BUREAU OF LABOR STATISTICS Footnotes, Tables 1-6 SOURCE ; Output data from Bureau of Economic Analysis, U .S . Dapart!nent of Commerce, and the Federal Reserve Board . Compensation and hours data from the Bureau of Labor Statistics, U .S . Department of Labor, and the Bureau of Economic Analysis . RELIABILITY : Based on data covering the period from the first quarter of 1976 to the second quarter of 1982, the probability is 0 .95 that the interval between -1 .9 and 2 .2 index points contains the revision of the index of productivity in the business sector from the first to the third quarterly publication of the estimate . (1) Wages and salaries of the employees plus employers' contributions for social insurance and private benefit plans . Except for nonfinancial corporations, where there are no self-employed, data also tiiclude an estimate of wages, salaries, and supplemental payments for the self-employed . (2) Compensation per hour adjusted for changes in the Consumer Price Index for All Urban Consumers . (3) Nonlabor payments include profits, depreciation, interest, rental income, and indirect taxes . (4) Current dollar gross product divided by constant dollar gross product . (5) Percent change compounded at annual rate from the original data rather than index numbers . (6) Current quarter divided by comparable quarter a year ago . (7) Quarterly measures adjusted to annual estimates of output (gross product originating) from the Bureau of Economic Analysis, U .S . Department of Commerce . (8) (9) 10) 11) Unit nonlabor cost includes depreciation, interest, and indirect taxes . Total unit cost is the sum of labor and nonlabor costs . Unit profits include corporate profit and inventory valuation adjustment . The durable sector includes the following 2-digit SIC tnslustr .$es : Primary metal ; fabricated metal products ; nonelectrical machinery ; electrical machinery ; transportation equipment ; instruments ; lumber and lumber products ; furniture and fixtures ; stone, clay, and glass products ; and miscellaneous manufactures . (12) The nondurable sector includes the following 2-digit SIC industries : Textile mill products ; apparel products ; leather and leather products ; printing and publishing ; chemicals and chemical products ; petroleum products ; rubber and plastic products ; foods ; and tobacco products . APPENDIX TABLE 1 . BUSINESS SECTOR, ALL PERSONS : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED COMPENSAOUTPUT PER OUTPUT HOURS HOUR OF ALL TION PER OF ALL PERSONS PERSONS HOUR(1) ---- ------------ ------------------- ---- ---- -- - ---------- ------INDEXES 1977-100 YEAR AND QUARTER REAL COMPENSATION PER HOUR(2) UNIT LABOR COST UNIT NONLABOR PAYMENTS(3) IMPLICIT PRICE DEFLATOR I II III IV 99 .3 98 .5 98 .9 99 .1 108 .2 105 .3 105 .4 107.0 109 .0 106 .9 106 .6 108 .0 126 .3 129 .9 132 .9 136 .0 96 .8 96 .4 96 .8 :96 .1 127 .3 131 .9 134.4 137 .2 115 .5 116 .7 120 .0 124 .2 123 .3 126 .7 129 .5 132.8 ANNUAL 98 .9 106 .5 107 .6 131 .2 96 .5 132.7 119 .0 128 .1 1 II III IV 100 .5 101 .1 102 .3 101 .2 109 .2 109.8 111 .2 108 .9 108 .6 108 .6 108 .7 107 .7 139 .7 142 .2 145 .5 148 .2 96 .3 96 .1 95 .6 95 .6 139.0 140.7 142 .3 146.4 131 .2 133 .4 139 .9 140 .2 136 .3 138 .2 141 .5 144.3 ANNUAL 101 .3 ---- ------------ ------- 109 .8 108 .4 143 .9 95 .9 142 .1 136 .2 140 .1 1980 1981 1980 1981 PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) I II III IV 1 .5 -2 .9 1 .3 1 .0 1 .0 -10 .2 0 .4 6 .2 -0 .5 -7 .5 -0.9 5.1 12 .5 11 .9 9 .5 9.5 -3 .1 -1 .8 1 .5 -2.6 10 .8 15 .2 8 .0 8 .4 8 .1 4.5 11 .5 14.8 9 .9 11 .7 9 .1 10.3 ANNUAL -0.5 -1 .3 -0 .8 10.5 -2.6 11 .1 5.5 9 .2 I II III IV 5 .9 2 .2 4 .7 -4 .1 8.3 2 .3 5 .2 -7 .8 2.3 0.1 0.5 -3 .9 11 .5 7 .4 9 .6 7 .5 O .b -1 .0 -2 .2 0 .3 5 .3 5 .0 4 .7 12 .2 24.7 6.9 21 .0 0.8 11 .2 5 .6 9.9 8.2 ANNUAL 2 .4 3 .1 0.7 9 .7 ------------------------ ---------- ------- - -- - ---------- ---- - ----- 7 .1 -0.6 14.4 9 .4 - --------- - ----- - -- ---- - - -- ---------- - - PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1980 1981 I II III IV -1 .0 -1 .0 -0 .2 0.2 0 .2 -2.1 -2 .4 -0.8 1 .1 -1 .0 -2.2 -1 .1 9 .9 10 .8 10 .7 10 .8 -3 .8 -3 .2 -2 .0 -1 .5 10 .9 11 .9 10 .9 10 .6 3 .4 3.2 5.7 9 .6 8 .4 9.1 9.2 10.3 ANNUAL -0 .5 -1 .3 -0 .8 10 .5 -2 .6 11 .1 5 .5 9.2 I II III IV 1 .3 2 .6 3 .4 2 .1 0.9 4 .3 5 .5 1 .8 -0.4 1 .6 2 .0 -0.3 10 .6 9 .5 9 .5 9 .0 -0 .5 -0 .3 -1 .2 -0 .5 9 .2 6 .7 5 .9 6 .8 13 .6 14 .3 16 .6 12 .9 10.6 9.1 9.2 8.7 ANNUAL 2 .4 3 .1 0 .7 9 .7 -0 .6 7 .1 14 .4 9 .4 ---------------------------------- ------- -------------------------------------------- ------------- ------------ ----------SEE FOOTNOTES FOLLOWING TABLE 6 . Based on revised see page . data, JULY 29, 1983 : BUREAU OF LABOR STATISTICS 4 SOURCE APPENDIX TABLE 2 . NONFARM BUSINESS SECTOR, ALL PERSONS : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED YEAR AND QUARTER OUTPUT PER HOUR OF ALL PERSONS ----- -------- -------- 1980 1981 OUTPUT HOURS OF ALL PERSONS . COMPENSATION PER HOUR(1) REAL COMPENSATION PER HOUR(2) UNIT LABOR COST UNIT NONLABOR PAYMENTS(3) IMPLICIT PRICE DEFLATOR INDEXES 1977-100 I II III IV 98 .7 97 .8 98 .5 98 .8 108 .2 105 .1 105 .5 107 .1 109 .6 107 .4 107 .1 108 .5 125 .8 129 .3 132 .4 135 .5 96 .4 96 .0 96 .4 95 .8 127 .5 132 .2 134 .4 137 .2 114 .7 117 .2 119 .2 123 .2 123 .2 127 .2 129 .3 132 .5 ANNUAL 98.4 106 .5 108.2 130 .7 96 .1 132 .8 118 .5 128 .1 I II III IV 100 .1 100 .1 101 .1 99 .9 109 .2 109 .4 110 .5 108 .2 109 .1 109 .2 109 .4 108.2 139 .3 141 .8 145 .1 147 .7 96 .0 95 .8 95 .3 95 .4 139 .2 141 .6 143 .5 147 .8 130 .3 132 .2 138 .3 139 .5 136 .2 138 .4 141 .8 145 .0 109 .0 143 .5 95 .6 143 .0 135 .0 140 .4 100 .3 109 .3 ANNUAL ---- ---------- ------------------ ------------------------- ----------- --------------------------- ------------ -------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) 1980 1981 I II III IV 0 .6 -3 .5 2 .7 1 .3 0 .8 -11 .0 1 .6 6 .4 0 .2 -7 .7 -1 .1 5 .0 11 .8 11 .6 9 .7 10 .0 -3 .7 -2 .0 1 .8 -2 .2 11 .2 15 .7 6 .9 8 .5 13 .1 8 .7 7 .1 14 .3 11 .8 13 .5 6 .9 10 .3 ANNUAL -0 .7 -1 .4 -0 .7 10 .4 -2 .8 11 .1 7 .4 10.0 1 II III IV 5 .2 0 .4 3 .8 -4 .4 7 .8 0 .8 4.3 -8.3 2 .4 0 .5 0.5 -4 .0 11 .5 7 .3 9 .6 7 .6 0 .9 -1 .1 -2 .1 0.3 6.0 6 .9 5 .6 12.6 24 .8 6 .0 20 .0 3 .4 11 .6 6.6 10 .0 9 .5 9 .8 -0 .6 7 .7 13 .9 9 .6 0.7 1 .9 2 .7 ANNUAL --- ---------- ----------------- ------------ - - ----------- PERCENT CHANGE FROM CORRESPONDI NG QUARTER OF PREVIOUS YEAR(6) 1980 1981 I II III IV -1 .4 -1 .4 -0.1 0 .2 -0 .1 -2 .3 -2 .4 -0 .8 1 .4 -1 .0 -2 .3 -1 .0 9 .6 10 .6 10 .7 10 .8 -4 .0 -3 .4 -2 .0 -1 .6 11 .1 12 .1 10 .8 10 .5 5 .5 6 .2 7 .2 10 .7 9 .3 10.3 9 .7 10.6 ANNUAL -0.7 -1 .4 -0 .7 10 .4 -2 .8 11 .1 7 .4 10.0 I II III IV 1 .4 2 .4 2 .7 1 .2 0.9 4 .1 4 .8 1 .0 -0 .4 1 .7 2 .1 -0 .2 10 .7 9 .6 9 .6 9 .0 -0 .4 -0 .2 -1 .2 -0.5 9 .2 7 .1 6 .8 7 .7 13 .5 12 .8 16 .1 13 .2 10 .6 8 .8 9 .6 9 .4 9 .6 -0.6 7 .7 13 .9 2 .7 0 .7 9 .8 ANNUAL 1 .9 ---- --------------------------- --------- ------------ ---- ------------ ----------------------------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . JULY-29, 1983 Based on r evised data, see page 4 . SOURCE : BUREAU OF LABOR STATISTICS APPENDIX TABLE 3 . MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST., SEASONALLY ADJUSTED REAL OUTPUT PER OUTPUT HOURS COMPENSACOMPENSAUNIT HOUR (7) OF ALL TION PER TION PER LABOR OF ALL PER£•) NS PERSONS HOUR(1) HOUR(2) COST ----- ------------------------------------------ --------------------- ---------------------- ------------------------------------YEAR AND QUARTER INDEXES 1980 1977=100 102 .3 107 .7 105 .3 126 .7 97 .1 123 .9 IV 100 .4 103 .6 99 .8 104 .9 99 .4 101 .3 135 .1 138 .3 98 .4 97 .8 134 .6 133 .5 ANNUAL 101 .7 103 .5 101 .8 132 .7 97 .6 130 .5 1 II III IV 105.1 105 .4 106 .1 104 .4 106 .8 107 .8 108 .1 103 .3 101 .6 102 .2 101 .9 98 .9 141 .6 144 .3 147 .0 150 .5 97 .6 97 .5 96 .5 97 .1 134 .8 136 .9 138 .5 144 .1 ANNUAL 105 .3 106 .5 101 .2 145 .8 ------------- ---------------- ------------------------------; 97 .2 138 .5 1981 1 11 [[1 100 .4 101 .5 101 .1 131 .0 97 .2 130 .5 CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) 1980 1 II IV 1 .4 -7 .3 0 .0 13 .7 -0.3 -21 .3 -6 .5 22 .3 ANNUAL -0.2 -4 .4 -4 .5 1 II 111 IV 5 .6 1 .4 2 .6 -6 .3 7 .2 3 .8 1 .3 -16 .8 1 .5 2 .4 - 1 .3 - 11 .2 111 1981 -1 .7 13 .9 - 15 .1 14 .2 -6 .5 13 .1. 7 .6 9 .9 - 1 .9 0 .3 4.9 -2 .3 12 .3 23 .2 13 .1 -3 .4 11 .7 - 1.6 11 .5 9 .8 8.0 7 .5 9 .8 -0 .7 -0 .4 -4 .0 2 .4 4 .0 6 .5 4 .8 17 .2 ANNUAL 3 .5 2 .9 -0 .6 9 .9 - 0.4 6 .1 ------------------------------------------------------------------------------------------------------------------------------PERCENT CHANCE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1980 1981 1 11 111 IV 0 .8 -1 .2 -0 .7 1 .7 -1 .0 -6 .1 -7 .6 -2 .7 -1 .8 = 5 .0 -7 .0 -4 .3 10 .2 11 .3 12 .7 12 .8 -3 .5 -2 .8 -0.2 0 .2 9 .4 12 .6 13.5 10 .9 ANNUAL 0 .2 -4 .4 -4 .5 11 .7 -1 .6 11 .5 1 IV 2 .7 5 .0 5 .7 0.7 - 0 .9 6 .2 8 .3 -1 .6 -3 .5 11 .7 1 .1 10 .2 2 .5 8 .8 -2 .3 8 .8 0.5 0.3 -1 .9 -0.7 8 .8 4 .9 2 .9 8 .0 ANNUAL 3 .5 2 .9 -0.6 -0.4 6 .1 II 111 9 .9 E -----'----- --------------- ------------------ ------ --------------- ---------------------- --------------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . Based on revised data, see page 4 . JULY 29, 1983 SOURCE : BUREAU OF LABOR STATISTICS APPENDIX TABLE'4. DURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMP ENSATION, UNI T LABOR COST, SEASONALLY ADJUSTED(11) REAL OUTPUT PER OUTPUT HOURS COMPENSACOMPENSAUNIT HOUR (7) OF ALL TION PER TION PER LABOR OF ALL PERSONS PERSONS HOUR(1) HOUR(2) COST ------ ----------------------- -------- ------------- ---------------- ------------------------ -- ----------------------------YEAR AND QUARTER INDEXES 1977 -100 1980 1981 I II III IV 101 .0 99 .3 98 .7 102 .5 108 .9 101 .5 98 .9 105 .1 107 .8 102 .2 100.2 102 .6 126 .3 130.7 135 .0 138.5 96 .8 97 .0 98 .3 97 .9 125 .0 131 .6 136 .7 135 .2 ANNUAL 100 .4 103 .6 103 .2 132 .5 97 .5 132 .0 104 .3' 104 .8 105 .2 103 .7 107 .3 108 .8 108 .9 103.3 102 .9 103 .8 103 .4 99 .6 141 .7 144 .4 146 .9 150 .6 97 .7 97 .5 96 .5 97 .2 135 .8 137 .8 139 .6 145 .3 I II III IV ANNUAL 104 .5 107 .0 102 .4 145 .9 97 .2 139 .6 ----------r-- -----------------= ---------- ------------- --=--------r---- -------------- -- -- -- ------ --- -------•------------------PERCENT CHANGE FROM PREV IOUS QUARTER AT ANNUAL RATE(S) 1980 1981 1 II III IV 0 .8 -6 .5 -2 .5 16 .1 -1 .3 -24 .7 -9 .8 27 .8 -2 .1 -19 .5 -7 .5 10.0 15 .9 14 .8 13 .6 10 .9 -0.3 0 .8 5 .4 -1 .4 15 .0 22 .8 16 .6 -4 .5 ANNUAL -0 .2 -5 .9 -5 .7 12 .2 -1 .2 12 .5 1 II III IV 7 .3 1 .8 1 .9 -5 .8 8 .4 5 .7 0.3 -19 .0 1 .0 3 .8 -1 .6 -14 .0 9 .5 7 .8 7 .3 10 .4 -1 .0 -0 .6 -4 .2 3 .0 2 .0 5 .9 5 .3 17 .2 ANNUAL 4 .1 3 .3 -0.8 10 .1 -0 .3 5 .7 ------------ ------------------ --------- ------------ ---------------- ---- ---- -- -- --- - -----------------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1980 1981 I II III IV -0 .1 -1 .7 -0 .8 1 .6 -2 .3 -7 .9 -9 .7 -3 .8 -2 .3 -6 .3 -8 .9 -5 .3 10 .3 11 .6 13 .2 13 .8 -3 .4 -2 .5 0 .3 1 .1 10 .4 13 .5 14 .2 12 .0 ANNUAL -0.2 -5.9 -5.7 12 .2 -1 .2 12 .5 I II III IV 3 .2 5 .5 6.6 1 .2 -1 .5 7 .2 10.1 -1 .8 -4.6 1 .7 3 .2 -2 .9 12 .2 10.4 8 .9 8 .8 0 .9 0.6 -1 .8 -0 .7 8 .7 4.7 2 .1 7 .5 ANNUAL 4 .1 3 .3 -0 .8 10 .1 -0.3 SEE FOOTNOTES FOLLOWING TABLE 6 . -------r------~--r--°-------°-r---------r°---- Based on revised data, see page 4 . 5 .7 -°»---°r--------r-°r------°--r--- JULY 29, 1983 SOURCE : BUREAU OF LABOR STATISTICS APPENDIX TABLE 5 . NONDURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEAS ONALLY ADJUSTED(12) REAL COMPENSACOMPENSAUNIT OUTPUT PER OUTPUT HOURS TION PER LABOR HOUR (7) OF ALL TION PER OF ALL PERSONS PERSONS HOUR(1) HOUR(2) COST ---- -- = ------ -- -- ---------------------------- -------------- -------------- ----------------------YEAR AND QUARTER INDEXES 1977=100 1980 1981 I II III IV 104 .3 101 .9 102 .9 105 .5 106.0 101 .5 101 .1 104 .7 101 .6 99 .6 98 .3 99 .2 126 .7 131 .2 135 .1 137 .5 97 .1 97 .3 98 .4 97 .2 121 .5 128 .7 131 .3 130 .4 ANNUAL 103 .7 103.3 99 .7 132 .6 97 .5 127 .9 I II III IV 106 .3 106 .5 107 .4 105 .4 106 .0' 106 .3 107 .0 103.2 99 .8 99 .8 99 .6 97 .9 141 .0 143 .7 146 .4 149 .9 97 .2 97 .1 96 .2 96 .7 132 .7 135 .0 136 .3 142 .1 ANNUAL 106 .4 105 .6 99 .3 145 .2 96 .8 136 .5 ----- ----------- -------------- ------ ---------- --- -- ----- --- ----------- --- ---- ------- --------- -- PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 1980 1981 II III IV -8 .7 3 .9 10 .3 -16 .0 -1 .4 14 .7 1 .2 -1 .2 10 .4 -4 .9 0 .7 4 .4 -4 .6 25 .7 8 .3 -2 .7 ANNUAL 0 .7 -1 .9 -2 .6 11 .2 -2 .0 10 .4 I II III IV 3 .0 0 .7 3 .7 -7 .2 5 .3 1 .0 2 .8 -13.4 2 .2 0 .3 -0 .9 -6 .7 10 .5 7 .8 7 .9 9 .7 0 .0 -0 .6 -3 .7 2 .3 7 .3 7 .1 4 .1 18 .2 I 2 .4 -7 .9 -5 .1 4 .0 14 .7 12 .5 7 .3 7 .8 ANNUAL 2 .7 2 .2 -0 .4 9 .5 -0 .8 6 .7 ---------------- ------ - --- ----- -- --- ---------- ----------------------------------------------- - -PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1980 1981 I II III IV -0 .4 -0 .6 1 .7 -3 .2 -4 .4 -1 .0 0 .9 -1 .0 -2 .8 -3 .9 -2 .7 10 .1 11 .1 12 .4 11 .2 -3 .5 -3 .0 -0.5 -1 .2 11 .5 13 .0 9 .3 ANNUAL 0 .7 -1 .9 -2 .6 11 .2 -2 .0 10 .4 I II III 1 .9 4 .4 4 .4 0 .0 0.0 4 .7 5.8 -1 .4 -1 .8 0 .3 1 .4 -1 .3 11 .2 9 .5 8.4 9 .0 0 .1 -0.3 -2 .2 -0 .5 9 .2 4 .9 3 .8 9 .0 IV 2 .0 8 .0 ANNUAL 2 .7 2 .2 -0 .4 9 .5 -0 .8 6 .7 -----------------------------------------------------------------------------------------------SEE FOOTNOTES'FOLLOWING TABLE 6 . 29, 1983 Based on revised data, JULY SOURCE : BUREAU OF LABOR STATISTICS see page 4 . APPENDIX TABLE 6 . NONFINANCIAL CORPORATIONS : PRODUCTIVITY, HOURLY COMPENSATION UNIT LABOR COST, UNIT PROFITS, AND PRICES, SEASONALLY AD JUSTED EMPLOYEE HOURLY REAL UNIT UNIT TOTAL UNIT IMPLICIT OUTPUT OUTPUT HOURS COMPENSA- HOURLY LABOR NONPER ALLUNIT PROPRICE EMPLOYEE TION COMPENCOST LABOR COST FITS DEFLATOR HOUR (1) SATION(2) COST(S) (9) (10) ------------------ - - -- - - - - --- -- -- --- ---- ---------- ------------ -------- ---- ----- --- - - -- -- - --- - -- -- - ---------------------------YEAR AND QUARTER INDEXES 1977=100 11 111 IV 99 .5 98 .9 100 .4 100 .4 109 .4 106 .5 107 .3 108 .8 110 .0 107 .7 106 .9 108 .3 125 .9 129 .5 132 .7 135 .8 96 .5 96 .1 96 .6 96 .0 126 .5 130 .9 132 .2 135 .3 124 .9 133 .0 136 .1 137 .9 126 .1 131 .5 133 .2 135 .9 87 .4 80 .6 85 .1 90 .9 121 .6 125 .6 127 .7 130 .8 ANNUAL 99 .8 108 .0 108 .2 130 .9 96 .3 131 .2 133 .0 131 .7 86 .0 126 .4 101 .8 102 .1 103 .0 102 .2 111 .0 111 .7 112 .9 110 .4 109 .1 109 .3 109 .6 108 .1 139.5 142 .0 145 .0 147 .8 96 .2 95 .9 95 .2 95 .4 137 .0 139 .0 140 .7 144 .6 142 .3 147 .0 151 .9 156 .6 138 .4 141 .1 143 .6 147 .7 103 .0 100 .3 108 .6 104 .2 134 .3 136 .4 139 .6 142 .7 1980 1981 1 1 II 111 IV 140 .3 149 .4 ANNUAL 102 .3 111 .5 109 .0 143 .6 95 .7 142 .7 104 .1 138 .3 --------------- ----- -- -- - - --- ---- -------- ---------------------- ---------------- ---- ----- -- - -- -- -- ----------------------------PERCENT CHANGE FROM PREVIOUS QU ARTER AT ANNUAL RATE(S) IV -2 .0 -2 .3 5 .9 0 .1 -1 . -10 .3 3 .0 5 .6 0 .3 -8 .1 -2 .8 5 .5 11 .9 12 .0 10 .3 9 .6 -3 .6 -1 .6 2 .3 -2 .5 14 .2 14 .7 4 .1 9 .5 22 .5 28 .7 9 .4 5 .5 16 .3 18 .2 5 .5 8 .4 16 .6 -27 .6 24 .1 30.3 16 .3 13 .7 6 .8 10 .0 ANNUAL -0 .9 -1 .9 -1 .0 10 .3 -2 .8 11 .3 17 .6 12 .9 -9 .0 10 .8 1 II III IV 5 .7 1 .4 3 .6 -3 .2 8 .7 2 .3 4 .5 -8 .5 2 .8 0 .9 0 .9 -5 .4 11 .4 7 .4 8 .7 8 .0 0 .7 -1 .0 -2 .90 .8 5 .3 5 .9 5 .0 11 .7 13 .3 13 .8 14 .1 12 .9 7 .4 8 .0 7 .4 12 .0 65 .3 -10.1 37 .6 -15 .4 11 .3 6 .3 9 .7 9 .3 ANNUAL 2 .5 3 .3 0 .7 9 .7 -0 .6 7 .0 12 .4 8 .4 21 .0 9 .4 1 -1 .8 -0 .7 9 .4 -4 .2 12 .6 -14 .8 IV 12 .9 12 .0 -9 .2 8 .1 10 .8 11 .6 ANNUAL 1980 1 II 111 1981 C -------------- ---------- -------------------------- ------------ ---------------------------------- -----------------------------PERCENT CHANGE FROM CORRESPONDI NG QUARTER OF PREVIOUS YEAR(6) cn H ro H z H 1980 II III H 0 1981 " r 0m W w ° o •' F 1 II III IV -1 .9 1 .2 -0 .2 0 .4 -3 .0 -2 .8 -1 .0 -1 .1 10 .4 -3 .6 -2 .6 -1 .4 10 .6 11 .0 -2 .1 -1 .4 -0 .9 -1 .9 -1 .0 10 .3 2 .3 3 .3 2 .7 1 .8 1 .5 4 .8 5 .2 1 .5 -0 .8 1 .5 2.5 -0 .3 10 .8 9 .7 9 .3 8 .9 11 .5 12 .5 15 .9 -17.6 9 .7 10 .8 10 .5 19.7 18 .8 16 .1 14 .4 11 .2 -2.8 11 .3 17 .6 12 .9 -9 .0 10 .8 -0.3 -0 .1 -1 .4 -0 .6 8 .3 6 .2 6 .4 6 .9 13 .9 10 .5 11 .6 13 .5 9 .8 7 .3 7 .8 8 .7 17 .9 24 .5 27 .7 14 .6 10 .4 8 .6 9 .3 9 .2 ANNUAL 2 .5 3 .3 0 .7 9 .7 -0 .6 7 .0 12 .4 8 .4 21 .0 9 .4 ------------- ---------- ----------------- ------ = --- ---------'--- ---------------- ---------- -------- ----------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . JULY 29, 1983 Based on revised data, SOURCE : BUREAU OF LABOR STATISTICS see page 4 . c® Releases Available Electronically The Bureau of Labor Statistics has inaugurated an electronic news release service that permits persons interested in the Bureau's national economic indicators to gain access directly from the computer in which they are stored . Cost of the electronic news releases, which can be transmitted over telephone lines to computer terminals and other remote access devices anywhere in the world, ranges from $8 to $15 per release, plus the cost of the telephone call . National BLS releases available on-line, immediately upon official release of the data to the public, include: Employment Situation Commissioner's statement before the Joint Economic Committee Producer Price Indexes State and Metropolitan Area Employment 0 U a CID C CD and Unemployment Consumer Price Index Real Earnings Productivity and Costs Employment Cost Index BLS will continue to make its releases available to the press in the conventional manner . But, news organizations and others now have the option of accessing the releases electronically . Bi_c also makes its data avail ble in periodicals published by the Bureau and sold by the Government Printing Office ; on computer tape, sold by BLS ; and in some instances, via Mailgram and in microform . Information about electronic news releases and about Us data in other forms is available from the Office of Publications, Bureau of Labor Statistics, Washington, D .C. 20212 . C -D oo~ CD CD CCD U) CD ®®CD 0 0 -Caw N0 0 V) E!, 0 G^ 10 X-b 03 C N cD fv_) r ;X1 14 41 m X c rr r 4 r ra m. F cn rte: p c' r 0 V r0 -o C LS Data Summary by Phone A recorded summary of is available 24 hours a day on principal cm, PPi, and Em- (202) 523-9658 . ployment Situation numbers cD CO 3 -o o 0 C cn (D EL r
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