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ure ,g,f , bor Statistics Historical, technical information : (202) 523-9261 Current data : (202) 523-1221 or 1208 Media contact : (202) 521-1913 USDL 84-35 For Release 10 :00 AM EST Monday, January 30, 1984 PRODUCTIVITY AND COSTS Fourth Quarter and Annual Averages, 1983 Productivity, measured by output per hour . of all persons, increased at a 2 .2 percent seasonally adjusted annual rate during the fourth quarter of 1983 in the business sector, according to preliminary measures announced today by the Bureau of Labor Statistics of the U .S . Department of Labor (table A) . Output advanced 5 .3 percent and hours of all persons engaged in the sector rose 3 .0 percent . Comparing the annual averages for 1983 and 1982, productivity increased 2 .6 percent in the business sector, the largest annual average advance since 1976 (when the increase was 3 .3 percent) . Output rose 4 .0 percent from 1982 to 1983, while hours increased 1 .4 percent . The following tabulation shows productivity increases in the fourth quarter atthese annual rates for the major sectors : 2 .2 percent for the business sector, 1 .0 percent for the nonfarm business sector, 5 .7 percent for manufacturing as a whole, 6 .8 percent for durable goods manufacturing, and 4 .2 percent for nondurables . All of the these measures are summarized tables 1-5 . in table A and appear in detail in MOVEMENTS FROM THE THIRD TO THE FOURTH QUARTER OF 1983 Business sector The '2 .2 percent increase in productivity from the third to the fourth quarter resulted from a 5 .3 percent rise in output and a 3 .0 percent increase in hours of all persons (table 1) . Growth in output and hours continued, but at a slower pace than in the second and third quarters . The increase in hours reflected a 3 .6 percent gain in employment and a 0 .6 percent shortening of the average work week during the fourth quarter . and salaries, supplements, and Hourly compensation, which includes wages employer contributions to employee-benefit plans, increased 7 .1 percent . This was the largest increase in 1981 and reflects a modest nonfarm gain and a large increase in the farm sector . Unit labor costs, which reflect the relationship between changes in hourly compensation and productivity, rose 4 .8 percent . This was the largest increase in -these costs since the third quarter of 1982 . Real hourly compensation--hourly compensation adjusted for changes in the Consumer Price Tndex For All Urban Consumers (CPT-10 -- tncrceased ? .2 percent to the fourth quarter (annual rate) . Turing the sc,cnnd and 0hiri quarters, this series declined (table l ) . -2Table A . Productivity and costs : Preliminary fourth quarter 1983 measures (Seasonally adjusted annual rates) Real Hourly hourly Unit Produc- compen- compen- labor Sector tivity Output Hours sation sation costs Percent change from preceding quarter Business .Nonfarm business Manufacturing Durable Nondurable 2 .2 1 .0 5 .7 6 .8 4 .2 5 .3 6 .0 12 .1 15 .0 8 .2 3 .0 5 .0 6 .1 7 .7 3 .8 7 .1 4 .5 3 .6 2 .7 4 .6 2 .2 -0 .2 -1 .2 -2 .0 -0 .2 4 .8 3 .5 . -2 .0 -3 .8 0 .3 1 .5 1 .5 1 .3 1 .2 1 .1 2 .0 1 .3 -3 .7 -4 .4 -3 .2 1 .9 2 .3 2 .3 2 .3 2 .4 2 .5 2 .4 -0 .9 -1 .5 -0 .1 Percent change from same quarter a year ago Business Nonfarm business Manufacturing Durable Nondurable 2 .8 3 .5 8 .7 9 .3 7 .9 7 .4 8 .3 17 .2 20 .2 13 .1 4 .5 4 .7 7 .8 9 .9 4 .8 4 .9 4 .9 4 .7 4 .5 4 .5 Annual percent change, 1982 - 1983 Business Nonfarm business Manufacturing Durable Nondurable 2 .6 3 .1 6 .6 7 .2 5 .8 4 .0 4 .4 7 .9 7 .9 7 .9 1 .4 1 .2 1 .2 0 .7 2 .0 5 .2 5 .6 5 .6 5 .6 5 .7 The implicit price deflator for the business sector --which reflects changes in unit labor costs and unit nonlabor payments-- increased at a 3 .7 percent annual rate during the fourth quarter . During the third quarter, prices of the goods and services which make up the output of the business sector rose 3 .3 percent . Nonfarm business Productivity increased at a 1 .0 percent annual rate in the nonfarm business sector . The fourth quarter increases in output and hours, 6 .0 percent and 5 .0 percent respectively, were larger than those 'in the business sector as a whole . During the third quarter, productivity increased 2 .3 percent, and output and hours both grew more rapidly than in the final quarter (table 2) . a -3- S °: OF ANNUAL PRODUCTIVITY AND COST MOVEMENTS : 1983 Business sector -4Nonfarm business Manufacturing Productivity in manufacturing increased 6 .6 percent in 1983, the fastest increase in 20 years . (Productivity went up 7 .2 percent in 1963 .) Output rose 7 .9 percent, the largest gain since 1976 (when it rose 9 .6 percent), while hours increased only 1 .2 percent . Hourly compensation increased 5 .6 percent in 1983, the smallest such gain since 1972 . Unit labor costs declined 0 .9 percent for 1983 . This year was the first during which unit labor costs declined in manufacturing since 1965 (when it dropped 1®1 percent) . Real hourly compensation in manufacturing rose 2 .3 percent in 1983, about the same as in 1982 (table 3)® Nonfinancial corporations : Third quarter 1983 The Bureau of Labor Statistics also reported revised measures for the' third quarter of 1983 for the nonfinancial corporate sector . As can be seen in table B, productivity advanced more slowly from the second to the third quarter than was reported on November 30, 1983, based on preliminary measures . Changes in producti#,ity and costs in this sector for 1982 and 1983 are shown in table 6 . Table B . Nonfinancial corporations : Preliminary and revised third-quarter productivity and cost measures, quarterly change at seasonally adjusted annual rate . ProducItem tivity Output Hours Preliminary 5 .2 11 .3 5 .7 Revised ® 4®2 11 .1 6 .6 Real Hourly hourly Unit Implicit compen- compen- labor Unit price sation , sation costs profits deflator 3 .9 -0 .8 -1 .3 70 .7 2®9 3 .0 -1®7 -1 .1 71®0 3®1 -5TECHNICAL NOTES Business sector output is equal to gross national product less the rest-ofthe-world 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 rest-of-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 . -b- from the Bureau of Labor Statistics ® Productivity Updates v.oe,twy ~ .®®w~ through 1982 273 ® ri L GPO Stock No . Measures for b, ,od t,b1e„rs . SS,-02 indexes of output per 029-001 .02793-1 Selected industries, - employee hour for the 1954-1982 - industries currently included in the U .S . Bulletin 2189 9 u _,7 Government's program - of productivity measurements. Data are presented for 129 industries . pages Price $6 .50 A BLS Reader „~ l Articles from the GPO Stock No . Monthly Labor Review 029-001 .02755.9 On Productivity 1, and other publications on ' productivity concepts Bulletin 2171 and measurement, international national productivity comparisons, technological developments, and productivity trends in the business economy, ' individual industries, and . . . . . . the Federal Government . ~I Also contains statistical w tables and charts . A s A a s ' ®~ ®A . A. Where to The following BLS order regional offices will expedite orders . 238 pages Price $6.50 P .O Box 13309 2nd Floor You may send your order directly to . Philadelphia . Pa 19101 555 Griffin Square Bldg . Dallas , Tex . 75202 1371 Peachtree St . NE 1603 JFK Building Atlanta, Ga 30367 911 Walnut Street Boston . Mass . 02203 Kansas City . Mo 64106 Superintendent of Documents U.S. Government Printing Office Washington . DC. 20402 9th Floor Suite 3400 Federal Office Building 450 Golden Gate Ave . 1515 Broadway 230 South Dearborn St Box 36017 Note GPO prices are subject to New Yotk . N Y 10036 „ Chicago . III 60604 San Franc sco .Cald 94102 change without notice How to pay 0 Enclosed is a check or money order payable to Superintendent of Documents ® Charge to my GPO account no 0 Charge to MasterCard' . 0 Charge to Account VISA' no Account Expiration no Expiration 'Available Ori,y nn u,clers sent directly to Si I rinp•nn•r.! U' Uru .umrrvs Name Organization (if applicable) Street address City . State ZIP Code date date a -7Table 1 . Business sector : Productivity , hourly compensation , unit labor cost, and prices, seasonally , adjusted Real Output Hours CompensacompensaUnit Output per . Unit nonImplicit of all tion per tion per hour labor labor payprice persons hour ( 1) hour ( 2) costs of all persons ments (3) deflator(4) -------------------------------------------------------------------------------------------------------------Year and quarter Indexes 1977=100 1982 1983 1 11 III IV 101 .1 100 .7 101 .1 101 .9 107 .2 106 .9 106 .6 106 .0 106 .0 106 .2 105 .4 104 .0 151 .6 153 .9 156 .5 158 .7 97 .1 97 .4 97 .1 98 .0 149 .9 152 .9 154 .7 155 .6 137 .0 137 .0 136 .3 137 .4 145 .5 147 .5 148 .5 149 .4 ANNUAL 101 .2 106 .7 105 .4 155 .1 97 .4 153 .3 136 .9 147 .7 102 .5 103 , 9r 104 .2r 104 .8p 107 .1 110 .4r 112,4r 113 .9p 104 .5 106 .2 107 .9r 108 .7p 160 .7 162 .1 163 .6r 166 .4p 99 .4 99 .2 98 .9r 99 .5p 156 .9 156 .Or 156 .9 158 .8p 140 .8 145 .7r 147 .6r 148 .1p 151 .5 152 .5r 153 .8r 155 .2p 1 II III IV 99 .2p 103 .8p 111 .Op 106 .9p 163 .1p 157 .1p 145 .6p 153 .2p ANNU4L ---- --- ------ ------ - ------------ ---------------------------------------- ------------------------ ---------------- -----------Percent change from previous quarter at annual rate(5) 1982 1 II III IV ANNUAL 1983 -0 .4 -1 .6 1 .7 3 .3 -0 .1 -6 .3 - 6 .0 9 .4 -2 .3 .-5 .4 5 .7 -2 .8 -1 .0 -1 .1 1 II 2 .0 5 .9r 4 .2 12 .7r IV 2 .2p 5 .3p III ANNUAL 1 .2r 2 .6p 7 .$r 4 .Op 6 .3 9 .8 -8 .8 3 .4 3 .7 2 .3 3 .2 2 6 6 .4 6 .7 1 .1 -1 .0 -2 .7 7 .7 1 .5 2 .1 6 .5 5 .4 3 .5 5 .8 -0 .7 3 .Op 7 .1p 0 .6 -2 .7 6 .5r 1 .4p 3,6r -1 .1r 2 .2p 8 .1 5 .0 -0 .1 -2 .0 5 .5 2 .7 7 .9 0 .5 3 .3 -2 .2r 10 .5 14 .4r 5 .5 2 .8r 4 .8p 1 .5p 3 .7p 2 .3r 5 .2p 1 .9p 2 .5p 5 .4r 6 .4p 5 .4 3 .3r 3 .7p ------------ -------------------- ----------- --------------------------- ------------------------ ---------------- -----------Percent change from corresponding quarter of previous year(6) 1982 1 II III 0 .6 -0 .4 -1 .1 -1 .8 -2 .6 -4 .1 -2 .4 -2 .2 -3 .0 8 .5 8 .2 7 .5 0 .8 1 .3 1 .6 7 .9 8 .7 8 .7 4 .4 2 .7 -2 .6 6 .7 6 .7 4 .9 ANNUAL -0 .1 -2 .8 -2 .7 7 .7 1 .5 7 .9 0 .5 5 .4 1 .3 -0 .1 -1 .4 6 .1 2 .4 4 .7 2 .8 4 .1 1 .9r I .Sp 1 .4 2 .Op 8 .3r 7 .9p 3 .6r 3 .8p IV 1983 1 11 III IV 0 .7 3 .2r 3 .lr 2 .8p -2 .7 3 .2r 5 .5r 7 .4p -3 .4 0 .0 2 .3r 4 .Sp 7 .1 5 .3 4 .5r 4 .9p 2 .5 - 1 .9 6 .3 2 .lr -2 .0 6 .3r 3 .5 3 .4r 2 .5p 6 .4p 7 .7p 1 .4p 5 .2p 1 .9p 2 .6p 4 .Op ANNUAL --------------- ---------- -------- ------------ -------------- --------- ----------------- ------------ ------------ ---------------See footnotes following table 6 . January 30, 1984 r-revised Source : Bureau of Labor Statistics p=preliminary i -8Table 2 . Nonfarm business sector : Produc tivity, hourly compensation, unit labor cost, and prices, seasonally adjusted Year and quarter Output per hour Output Hours of all Compensation per compensation per Unit labor Unit nonlabor pay- Implicit price persons hour(1) of all persons hour(2) costs ments(3) deflator(4) -------------------------------------------- ----------- ----------------- ------------- ---------------- ----------- ------------Indexes 1977-100 I II III IV 100 .0 99 .9 100 .4 100 .8 106 .5 106 .7 106 .5 105 .4 106 .5 106 .8 106 .0 104 .6 151 .3 153 .5 156 .1 158 .3 96 .9 97 .1 96 .9 97 .8 151 .3 153 .6 155 .4 157 .1 136 .4 137 .7 136 .5 137 .2 146 .4 148 .3 149 .1 150 .5 ANNUAL 100 .2 106 .3 106 .0 154 .7 97 .1 154 .4 137 .0' 148 .6 101 .7 103 .5r 104 .Or 104 .3p 106 .7 110 .2r 112 .5r 114 .2p 104 .9 106 .5 108 .2 109 .5p 161 .0 162 .7 164 .2r 166 .Op 99 .5 99 .6 99 .3r 99 .3p 158 .3 157 .2r 157 .8r 159 .2p 140 .7 145 .7r 148 .3r 149 .4p 152 .4 153 .4r 154 .7r 155 .9p 1982 1983 I II III IV ANNUAL 103 .4p 110 .9p 107 .3p 163 .5p 99 .4p 158 .1p 146 .1p 154 .1p ------------------------------------------------------- ----------------- ------ - -- - ---------------------- -- -----------------Percent change from previous quarter at annual rate(5) 1982 I II III IV 0 .1 -0 .4 2 .3 1 .3 -6 .2 0 .8 -0 .6 -4 .1 -6 .2 1 .2 -2 .9 -5 .3 10 .0 5 .8 7 .2 5 .8 6 .8 0 .5 -0 .6 3 .7 9 .9 6 .2 4 .7 4 .4 -8 .5 3 .7 -3 .4 2 .0 3 .7 5 .4 2 .2 3 .7 ANNUAL -0 .1 -2 .8 -2 .7 7 .8 1 .6 7 .9 1 .4 5 .8 1 .2 6 .8 7 .2 3 .0 10 .6 5 .3 6 .4r 5 .Op 3 .8r 4 .5p 1983 I II III IV 3 .7 7 .1r 2 .3r l .Op 4 .9 13 .7r 8 .9r 6 .Op . 6 .2 4 .3 0 .1 -0 .9r -0 .2p -2 .6r 1 .5r 3 .5p 15 .2r 7 .3r 2 .9p 2 .7r 3,3r 3 .3p ANNUAL 3 .1p 4 .4p 1 .2p 5 .6p 2 .3p 2 .4p 6 .7p 3 .7p -------------------------------------------------------------------------------------- --------------- -----------------------Percent change from corresponding quarter of previous year(6) I II III IV -0 .1 -0 .3 -0 .6 0 .8 -2 .5 -2 .5 -3 .6 -2 .6 -2 .4 -2 .2 -3 .0 -3 :4 8 .6 8 .2 7 .6 7 .2 0 .9 1 .3 1 .7 2 .6 8 .7 8 .5 8 .3 6 .3 4 .7 4 .2 -1 .3 -1 .6 7 .4 7 .1 5 .2 3 .7 ANNUAL -0 .1 -2 .8 -2 .7 7 .8 1 .6 7 .9 1 .4 5 .8 -1 .5 -0 .3 2 .0 6 .4 6 .0 5 .2r- 2 .7 2 .6 2 .5r 4 .6 2 .3r 1 .5r 3 .1 5 .9r 8 .7r 4 .1 3 .4r 3 .7 1982 1983 I II III IV 1 .7 3 .6r 3 .6 3 .5p 0 .2 3,3r 5 .7 8 .3p 4 .7p 4 .9p 1 .5p 1 .3p 8 .9p 3 .6p 6 .7p 3,7p 1 .2p 5 .6p 2 .3p 2 .4p ANNUAL 3,1p 4 .4p -------------------------------- - - -- ------------------ ----------------- ------------- ---------------- ----------- ------------See footnotes following table 6 . r=revised p-preliminary January 30, 1984 Source : Bure au of Labor Statistics -9Table 3 . Manufacturing sector : Productivity, hourly compensation, and unit labor cost, seasonally adjusted Year and ` quarter Output per hour Output . (7) Hours of all Compensa- tion per Real compensa- tion per Unit labor of all persons persons hour(1) hour(2) costs ---- ---------- ------- - ---- - -- ----- --------------------- -- ----- - -- - ------ ---------------- ---------Indexes 197 .7'100 m .1982 1983 I II III IV 105 .1 105 .3 107 .8 108 .1 100 .2 99 .5 99 .5 97x2 95 .4 94 .5 92 .3 89 .9 155 .1 157 .1 159 .6 161 .4 99 .4 99 .4 99 .1 99 .7 147 .6 149 .1 148 .1 149 .3 ANNUAL 106 .5 99 .1 93 .0 158 .2 99 .3 148 .5 90 .9 _ 93 .3 95 .5 96 .9p 165 .5 166 .4 167 .5r 169 .Op I II III IV 110 .2 112 .6 115 .9r 117 .Sp 100 .1 105 .0 110 .7r 113 .9p 102 .3 101 .8 101 .3 101 .0p 150 .2 147 .8 144 .5r 143 .8p 94 .2p 167 .1p 101 .6p 147 .1p ANNUAL 113 .6p 106 .9p ---- ---------- --------------------------------------------- ------------ -- --- - ----------- ---------Percent change from previous quarter at annual rate(S) 1982 1983 I II III IV 2 .8 0 .8 9 .6 1 .2 -11 .2 -2 .9 0 .0 -9 .0 -13 .7 -3 .7 -8 .7 -10 .0 13 .1 5 .1 6 .5 4 .5 9 .8 -0 .2 -1 .2 2 .5 9 .9 4 .3 -2 .8 3 .3 ANNUAL 1 .2 -6 .9 -8 .0 8 .5 2 .2 7 .2 12 .7 21 .2 23 .2r 4 .3 11 .1 • 9 .8r 10 .7 2 .1 2 .7r 11 .1 -2 .1 -1 .9r 2 .5 -6 .4 -8 .4r I II III IV 8 .0 9 .0 12 .2r 5 .7p 12 .1p 6 .1p 3 .6p -1 .2p =2 .Op 2 .3p -0 .9p 7 .9p 1 .2p 5 .6p ANNUAL 6 .6p ---- ---------- -------------------- ----------------- - ------ ------------------------------ ---------Percent change from corresponding quarter of previous year(6) 1982 1983 I II III IV 0 .0 -0 .1 1 .6 3 .5 -6 .1 -7 .7 -8 .0 -5 .9 -6 .2 -7 .6 -9 .4 -9 .1 9 .6 8 .8 8 .6 7 .3 1 .8 1 .9 2 .6 2 .7 9 .5 8 .9 6 .q 3 .6 ANNUAL 1 .2 -6 .9 -8 .0 8 .5 2 .2 7 .2 I II III IV 4 .8 6 .9 7 .5r 8 .7p -0 .1 5 .6 11 .2r 17 .2p -4 .7 -1 .2 3 .5 7 .8p 6 .7 5 .9 4 .9 4 .7p 3 .0 2 .5 2 .3r 1 .3p ANNUAL 6 .6p 7 .9p 1 .2p 5 .6p 2 .3p ---- ---------- -------------------------------- -------------- --------------- --------------See footnotes following table 6 .•=4 r=revised p=preliminary 1 .8 -0 .9 -2 .4r -3 .7p -0 .9p ----------- .January 30, 1984 Source : Bureau of Lahor Statistics -10Table 4 . Durable manufacturing sector : Productivity, hourly compensation, and unit lab or cost, seaso nally adjusted(11) Real Year and quarter Output per hour Output (7) Hours Compensa- of all tion per compensa- tion per Unit labor hour(2) costs persons hour(1) of all persons -------------- --------- ------------------- --------- ------------------------------ --------------- Indexes 1977=100 1982 1983 I II III IV 103 .7 104 .2 106 .8 107 .2 99 .3 98 .3 97 .6 94 .0 95 .7 94 .3 91 .4 87 .7 154 .7 156 .7 159 .5 161 .0 99 .1 99 .1 99 .0 99 .5 149 .1 150 .4 149 .4 150 .3 ANNUAL 105 .4 97 .3 92 .3 157 .9 99 .1 149 .8 89 .0 91 .7 94 .6r 96 .4p 165 .4 166 .1 167 .2r 168 .3p I II III IV 109 .4 112 .1 115 .2 117 .lp 97 .4 102 .8 109 .lr 112 .9p 151 .1 148 .1 145 .1 143,7p 102 .3 101 .6 101 .1 100 .6p 101 .4p 147 .6p 166 .7p 105 .Op 93 .Op ANNUAL 113 .Op ---- --------- ----------------------------- --- ----- - --------- ----------- ---------------- ---------Percent change from previous quarter a t annual rate(s) 1982 1983 I II III IV 0 .1 1 .8 10 .4 1 .4 -.14 .6 -4%0 -2 .5 -14 .2 -14 .7 -5 .7 -11 .7 -15 .4 11 .1 5 .4 7 .4 3 .8 7 .9 0 .1 -0 .4 1 .8 11 .0 3 .5 -2 .7 2 .4 ANNUAL 0 .8 -9 .1 -9 .9 8 .2 2 .0 7 .3 I II 8 .7 10 .3 15 .5 24 .0 6 .3 12 .4 -11 .3 1 .6 11 .8 -2 .5 2 .4 _ . -7,9 III IV 11 .5r 6 .8p 26 .6r 15 .Op, 13,5r 7 .7p' 2 .8r 2 .7p -1 .9r -2 .Op -7 .9r c :. -3 .8p 2 .3p -1 .Sp 5 .6p 0 .7p ANNUAL ------------------------------------------------- ---------- -------------------- --------------7 .2p 7 .9p Percent change from corresponding quarter of previous year(6) 1982 1983 1 .4' 1 .6 2 .6 2 .3 -9 .9 8 .2 2 .0 7 .3 -7 .0 -2 .8 3 .5 7 .0 6 .0 4 .8 3 .2 2a5 1 .4 -1 .5 21 .1 .2p -4 .4p -0 .5 -0 .5 1 .5 3 .4 -7 .5 -9 .7 -10 .3 -9 .0 -7 .0 -9 .2 -11 .6 -12 .0 ANNUAL 0 .8 -9 .1 I II III 5 .5 7 .6 7 .9 -1 .9 4 .6 11 .7 IV ANNUAL 9 .3p 7 .2p 20 .2p 7 .9p 9 .9p 0 .7p -------------- --------------- --- --------------------------footnotes following table 6 . r=re vised p=pr eliminary 9,8 9 .1 7 .0 3 .4 9 .2 8 .5 8 .6 . 6 .9 I II III IV 4 .5p f .: 5 ----------°-------2 .3p-~- _ _"--1-5P .6P---- ------------- January 30, 1984 Sotirce : Bureau of Labor Statistics -11Table 5 . Nondurable manufacturing sector : Productivity, hourly compensation, and unit labor cost, seasonally adjusted(1 2) Year and quarter Output per Output Hours Compensa- Real compensa- Unit hour (7) of all tion per tion per labor of all persons persons hour(1) hour(2) costs -------------- -------------------- --------- ---------------- ------------- -------- ------- ----------Indexes 1977=100 1982 m 1983 I II III IV 107 .2 107 .0 109 .2 109 .4 101 .7 101 .3 102 .3 101 .9 94 .8 94 .7 91.7 93 .2 155 .9 157 .8 160 .2 163 .0 99 .9 99 .8 99 .4 100 .7 145 .4 147 .5 146 .7 149 .0 ANNUAL 108 .2 101 .8 94 .1 159 .2 99 .9 147 .1 111 .3 113 .2 116 .8r 118 .Op 104 .1 108 .4 113,lr 115 .3p 93 .6 95 .7 96 .8r 97 .7p 166 .6 167 .6 168 .4r 170 .3p I II III IV 103 .0 102 .6 101 .9r 101 .8p 149 .8 148 .1 144 .2r 144 .3p 114 .4p 109 .8p 95 .9p 168 .2p 102 .3p 147 .Op ANNUAL --- ---------- ----------------------------- ---------------- -- ------- ---- --------- ------ ----------Percent change from previous quarter at annual rate(5) 1982 I 1983 -6 .0 -12 .0 17 .0 8 .4 0 .7 3 .8 -1 .2 -4 .2 -1 .9 6 .0 7 .3 -0 .7 ANNUAL 1 .7 -3 .6 I II 7 .1 7 .3 8 .8 17 .3 III IV ~~ 6 .9 II III IV 13 .2r 4 .2p ANNUAL 5 .8p -1 .4 18 .6r 8 .2p 7 .9p 13 .6 9 .4 -1 .7 5 .2 -2 .2 6 .6 9 .6 3 .3 7 .8 1 .7 9 .3 9 .2 2 .5 9 .6 -1 .6 2 .0 -4 .5 2 .Op 5 .7p -0 .6 5 .2 -0 .1 -5 .2 4 .7r 3 .8p 1 .8r 4 .6p 6 .0 -2 .8r -0 .2p -10 .1r 0 .3p 2 .4p -0 .1p ---- ---------- -------------------- ------------------ ------- ------------- --------------- ----------Percent change from corresponding quarter of previous year(6) 1982 1983 I II III IV 0 .9 0 .5 1 .6 3 .7 -4 .1 -4 .7 -4 .4 -1 .3 -5 .0 -5 .2 -6 .0 -4 .8 10 .5 9 .9 9 .4 8 .8 2 .7 2 .8 3 .4 4 .1 9 .6 9 .3 7 .6 4 .9 ANNUAL 1 .7 -3 .6 -5 .2, 9 .6 3 .3 7 .8 I 3 .8 2 .4 -1 .3 6 .9 3 .2 3 .0 3 .4 5 .1 2 .5r -1 .7r II III IV 5 .8 7 .Or 7 .9p 7 .0 10 .6r 13 .1p 1 .1 4 .8p 6 .2 2 .8 4 .5p 1 .1p 0 .4 -3 .2p 5 .7p 2 .4p -0 .1p 7 .9p 2'Op 5 .8p ANNUAL -------------- --------------- --------- ------------- --------------------------------- ------------See footnotes following table 6 . January 30, 1984 r=re vised Source : Bureau of Labo r Statistics p=preliminary -12- Table 6 . Nonfinancial corporations : Productivity, hourly compensation, unit labor cost, unit profits, and prices, seasonally adjusted Year and quarter Output Employee Hourly Real Unit Unit Total Unit ' Implicit per allOutput hours compensa- hourly labor nonunit proprice employee tion compencosts labor cost fits deflator hour (1) sation(2) cost(8) (9) (10) (4) ---- ---------- ------------------ --------- --------- -------------------- ---------- ---------- ------ -- - - -- ---Indexes 1977=100 1982 I II 102 .4 102 .3 108 .6 108 .1 106 .0 105 .7 ANNUAL 102 .8 107 .8 III IV 103 .2 103 .4 108 .0 106 .4 104 .6 102 .9 151 .7 153 .7 156 .1 158 .1 97 .2 97 .2 148 .1 150 .2 158 .9 161 .2 150 .9 153 .1 90 .8 90 .3 144 .0 145 .9 104 .8 154 .8 97 .2 150 .6 161 .8 153 .5 88 .9 146 .1 96 .9 97 .7 151 .1 152 .9 161 .3 165 .9 153 .8 156 .3 91 .2 83 .0 146 .6 147 .9 103 .2 160 .4 99 .2 164 .7 156 .7 96 .1 I 104 .3 107 .6 153 .9 149 .7 II 105 .9 111 .3 105 .1 161 .6 98 .9 152 .5 163 .1 155 .3 115 .0 150 .7 III 107 .Or 114 .3 1.06 .8r. 162 .8r 98 .5r 152 .1 161 .2r 15i .5r 131 .5r 151 .8r ---- -------------------- --------- ----------------------------------------------------------- ------ ---------Per cent change fr.nm•previous quarter at annual rate(5) 1983 1982 1983 II III IV -0 .5 3 .8 0 .6 0 .9 -6 .5 -7 .3 10 .9 5 .4 6 .4 5 .4 7 .7 0 .1 -1 .3 3 .4 9 .9 6 .0 2 .4 4 .8 6 .1 6 .0 0 .1 11 .9 8 .8 -42 .2 3 .6 ANNUAL 0 .5 -3 .4 -3 .8 7 .8 1 .6 7 .3 8 .3 7 .6 -14 .6 5 .7 3 .4 6 .5 4 .2r 4 .6 14 .6 11 .1r 6 .4 -1 .2 -1 .7r 2 .5 -3 .4 -1 .1r -2 .8 -3 .8 -4 .7r 1 .0 -3 .5 -2 .1r 79 .9 104 .7 71 .Or 5 .1 2 .5 3 .1r I I II III -1 .8 -0 .5 -t .0 -1 .2 -4 .1 -6 .5 1 .2 7 .6 6 .6r 6 .0 2 .9 3 .flr 6 .0 1 .8 6 .7 -2 .1 3 .8 -31 .4 5 .4 1 .9 3 .6 ---- -------------------- -------- --------- -------------------- ----------- --------- ---------- ---------------Percent change from corresponding quarter of previous year(6) 1982 I II III IV 0 .6 0 .1 0 .2 1 .2 -2 .2 -3 .2 -4 .3 -3 .7 ANNUAL 0 .5 -3 .4 . -2 .8 -3 .3 -4 .5 -4 .8 8 .7 8 .2 7 .6 7 .0 1 .0 1 .3 1 .7 2 .4 8 .1 8 .1 7 .4 5 .7 11 .7 9 .7 6 .2 6 .0 9 .0 8 .5 7 .1 5 .8 -11 .8 -9 .9 -16 .1 -20 .3 7 .2 7 .0 5 .0 3 .6 -3 .8 7 .8 1 .6 7.3 8 .3 7 .6 -14 .6 5 .7 1 .8 -1 .0 -2 .7 I 2 .9 -0 .6 II 3 .6 III 3 .7r 5 .8 2 .lr ---- ------ - --- --•-------- -------- --------- --See footnotes following table 6 . r=re vised p=preliminary 1983 3 .7 3 .8 5.9 4 .0 5 .8 2 .1 3 .9 1 .2 1 .4 27 .3 3 .3 1 .7 1 .5 5 .2 -O .lr 0 .4 44 .2r 3 .6r 4 .3r 1 .7r 0 .6 ----- ---------- ---------- ---------- ---------- ------ ---------January 30, 19R4 Source : Bureau of Labor Statistics I -13Footnotes, Tables 1-6 SOURCE : Output data from Bureau of Economic Analysis, U .S . Dapartment 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 1983, the probability is 0 .95 that the interval between -1 .S and 2 .1 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 include 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 . (8) Unit nonlabor cost includes depreciation, interest, and indirect taxes . (9) Total unit cost is the sum of labor and nonlabor costs . (10) Unit profits include corporate profit and inventory valuation adjustment . (11) 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 . (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 .
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