The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Bureau of Labor Statistics
-
L .J. Fulco
':. D . Hoyle
United States
Department
of Labor
Washington, D.C. 202t 2
(202) S23-92 61
(202) ~2J-l9l)
(202) 333-1384
l'SOL 76- 1441
FOR
11,00 AM tST
Nev.-ber 24 , 1976
R lLEA S ~:
Wed"eeda"
PRODIIC1"lVITY MOO COSTS
IionUnanc1.ol Cor po.... Secwr
Third Qua r ur 1976
ducHvi . , reflected a 3 . 6 pore'"" t 1ncu.... in output and a 1.0 pe r cent {""ruu
ln all-..,ployee hour<.
In the ncoD<! Qua<ur, pr oductivity had 1"1 . ." lOOra thon
1. 6 puc...,t (at annu.al ratu).
C"'"porod w1th tho third CfUarur of 1975, pro-
ductivity 10 up 2 . 7 percent, output 10 6.3 percent hllhel". and houU OU up 3 . 5
perc .. nt.
cOOlpoared with the pl"el1.clna<y data rel .. aod Oc'ob.. 27, due to down" . .d rntatons
in 'he output figuru .
3.1 pere .. nt; In
,~ ..
In t he p r lvau bu.in .... uetor , th .. revia .. d l".cru ... wu
Mnta,." \oo>o1n .... ""ctor. 2.9 pereoM; a nd, In .... nuhcturtnr. .
4.6 pe«en.; pre!t...lnory eo,iI>.t .. d lnoren ... ""to 3.6 pHe,",,'. 3.6 pucut, a nd
Nonfinanclal
C~rpou' ..
Sector
The nonfinancial co'poute ... etor includ. . . 11 oor poration. do1nr hudn ....
,
Ta~l~
A.
ProJuctlylty end
C~.t."~rcent Cha~~e.
(~"lOn.lly
",<><Iuot!vity
kcto.
~""rly
tnlt
~-
'"~.
,"", ... Uon
k~~
:;on, •. ,.nelal
2.5
Coq.o . u'ona
P r lv~te ~u.!n ....
Son!. ...
~u.l~ . . .
~·Mut.eturlnz
'-'
.....,
2.9
,..
""r.~le
~",,~urabl.
~"
"'.. rur 1916 '0
..,
,.,
•••
'u'
lIoo.ly
~
Tht,~
l)uanu
'-'
'-'
,. ,
..,unsl':tl'-,
,..
,..
,.,
'-'
'-'
'-.
..
-\.4
'-'
-2.9
-2.8
•••
'-'
'.'
,. ,
U
•••
2.1
~I:VI~~U
Pr j"M. au.h....
'-'
1. ,
S. ,
,;onf~"..
'.
'-"
,..
•••
,.,
"
7.~
>, •
•. I
...
~ ... l
.....
"."ufoot"'ln"
!lur.'·'.
·"""·,n~l
..,
~.
..
0
197~
'-'
'-'
p~n l)1n~,\!I.Y
::O"H"anolal
-..
rr.nPfI:"W
TMrd Oua .... lqn to Third ""HtO '
Cerrou,l"",
Output
ren u 'l<m
,
,.,
•••
a t Annual Rat.
Adjua,od'
'-,
•••
,.,
..,
..
2.4
2.1
10.2
l.~
11.3
~.
5
_2.6
191~
,
,. ,
2.9
..,
..,
,.,
,..
;/.9
..,
..,
~.1
,
In ou.put po. dl-"'ployu hour in
thp
fQun~ "u~rter
dn ••
t1,.
of 1975.
th~
~u.rar
thiro
The tneuue tn oot;>ut --J . 6 pucent - ......,u <toe __ Uut
t~
flut q..o<.u of 1975. am! the tn«uu
..... 11. . ' otnoa .hoo *fccnd qu."er M l.n yeu.
ahortor
" ,"~"'''e k -nflecu
quarto, Icorea •• In
.... the ...,oUut <he since
dl-"'ployu h""u _ . tho
The d •• tn houro--.:!uplte.
on inerase In ""plol""ent - -up 1 . 9 ",,"cent .
~plol""ont,
~ever,
'he oaalleo, olnce
~as
Ttl. tM.d
~l0l"".nt
besa"
to ""parul In tho third quartu of Ion yur .
\1ouriy coml"'''''Uon In.nned 6.3 perce."
<","pontio". .
~ ... t1on
In the .hrld qUaT,.r In nonfinancl.ol
Thh .1. . va. .he -..lIu. olnca the .M r d qu.o r to r of HH;
1nc!...,! . .
".~U
trln~.
ond ... b r ie<,
to ... ploye. beutH plans.
00. _
hneH ... and ""Plo,... contr il>uti"".
l'"U labor co,' • .mleh I • .fleeted by .b.oosco In
hourly . otIpcnutJon an<! pr oductivity , incr ..... e<! 3 . 1 pe r un. \n th third quu tu.
T~
1975. unit bbor cost _nt up 1.' percen t on th ovuoge.
pen.. tlon--hou.ly co.oenaatloD
adju.t~
for
In the
chon~e.
Rul hourlY 00"-
Conou~r
Price
.ou 0.1 pe r cent, the .... Uut inereue olneo the Hlr d quuter of u n .
I nde ~ -
One
q".rur urlior, hourly o""'penoatlOft rOOe B . 4 percent, unit labor co •• rou 3.1
percen t • • nd real hourly c<o>pen .... lon roOe 3.6 puc",,'.
~n1t
nonlabor
~.,.,.en •• -""""Ich
and p.ofttl--Incu. . ~ 8 . 9 rueen"
of 19n.
ne
~nl1c1t
include dep<ociatlon,
t~dlnct
bu.lne ..
t ... eo.
the larsu, ouch rhe dnce 'he 'hird quo rt e r
price de!htOL "hlch
the .Hee .. o! <honyeo In
o~.
.. nU lobor coot and unU nonube. p0Y"'ento. Incr .... M at U. faa . . . t ut. thh
y .... - ..... p 5.5 percont.
ne
perfor~.. ncc
co,"por.CM ",........ __ 10 illuo<rued In
tho denotor "'os 63.7 rcrcent
~bov.
0' the
t~Me
the
19~7
percent: ~nd unit profit rose ll.1 ~ercent.
1961, but largely recovered
1~
1~"l1clt
S.
r.lee
defl.,te.--~nd
I,.
In the third uuo<tcr of 1976,
I~el:
tou) unit "Oot lnc ..... d 12.7
~nlt ~pflt.
19n "nd continued
t~
fell
Oubot~~,!aUv ~ftcr
cro'· clue I""
I~H.
T.. ~I~ U.
Indue. of Pr i en , CGsu, and Pr of'U
K<mfh..,,,.e!.1 CG r por . . ton8
(1961 100)
·IC~.~
..
1911
1912
1911
19B
1914
, I " I
m
"
,
1~16
"
1
m
1_1,llcH rrlce
d~f1Mor
111.1
110.~
l a.~
1J9.1
I ~l
.1
In.5
1:16 . 0
llot."
I ~.l
161.5
163.1
124. )
I l~.J
IH.8
151.0
167.4
165 . 9
165. ~
11\.11. 1
169.6
L71.0
In.7
120. "
12J . 7
nO . 7
HS . ~
161.3
1s.8 . 5
157.5
160.8
162. ~
16.1.7
165. 1
Il~ .
6
nlo . 6
1l9 . 1
163. 1
186 . 5
189 . 2
190.2
19 ] .4
191. 9
19J.R
196.1
76 . 9
R7 • I
R5.6
69 . 2
61.6
82.4
102.0
100 . )
106.0
10) . 1
112 . 1
To •• I unit
<0.'
~n I. I_bo.
en"
Un I.
eo,.,
11,,1.
nonl" I)O.
~ r oflt
I
I
•
,
hviud Hen" ... ror Ptlv ... tuainuo, NoM • ..,.
~.tn".,
oni! Ko.nufoet.udn& Soocwu.
third Quart •• 1976
to bo th the out!>l1' aDd lobo;' Input lOU .........1>0" that pr04l>Ctivl.y
uctou vu
lo"~r
in the third
~uarUt
than
baa. on tho pni1.mlnuy nd uvl.od dat ••
ha~
j,,,
.hue
bun reponed .arHor, bued on
•
Table C.
Prel l1linuy."" Ravin.:!
Percont Change
tr~
Pr oviouo
'·~.""uru,
Third Quarter 1916
ot Annual Rat.
Qu.r~~ r
(50&5"na1ly Mjuued)
P.du"lnary
Privau Budn. . . Sector
.n
Output por ho.", of
CO'"l'4'nu'lon per bour
Unit labor
"".U
,0<
Rul o,,"pen .. t1 o n
Output
Aggrogou bouu
p4!uona
U
'M
Sonian, Bu.!"" . . Seotor
Output
". ~". •• .n
Co"'P~._ ".>It Ion
Unit bt>o>r
Real
",,'00'"
~our
por
e"o"
". ~"'
00",,0 .. _<100
Output
ASlt'taU hOuri
MonuhetH i!!ll
". hOur •• .n p.r."na
"","p."utlon , hour
Output
..
..
COtIIj>ensatton per ~.
Unit labor coot.
Rul
Output
A&gu ~. U ~
Duublo
Output
,0<
~"'
pe.
Co~p~n""tion
•• .u
~".
,
Unit labor coot.
C"",penaation
Output
'N'
..
""
,.,
.. ,
p.rO¢~.
~"'
' .0
0.'
,..
>.0
U
.«
bour of
Unit iabor
R.~l
co~r·n ...
""r~u'
~e~nr. 'to
.U per..,".
.".o. ,..
Comp~nsatio~ ~~r
tlon
houu
hour
~"'
U
0.'
,..
,o...,
...
,.,
0.>
0.'
,. ,
..,
..,
-1. 0
...
-1.3
~ 1.4
0 .•
'.0
,,.,..
..,
,.,
-3.1
_Z.7
-2.9
-2. S
0 ••
lO.1
-:ondurabh
Outpu,
,.,.,,
..,
,.,
U
3.3
Ar~u~au ,,",ur.
Revised
.. ,
,.,
.. 0
0.'
..,
- ;: . S
4.;;
0.0
..,
•••
U
....,...,
...,
0.'
-~
ro ...
~"'~C'
, .... , •• "
_"" ... ~< •• ~" ••• ,,' ... ~ .... , ........"'" . " • •
.·'_f~""'"
~,"
w'"
••" ... ,«, ............ U
-
,_"".....
.
.
--,
..
,
.
..
,,."
....-...,,, ..-..........,
...
•
... .".
-----.. ,
,0,.
,
,.,.
,
.....
,.... '
,,....'
,."..
""..
....
""., ,
,
....
,
....
,
,
"'.
,
"
,.
"....
'.'
...
,,-,"' ...,
"'.
..
,"'
,"....
,,"" ..
..
'"""
"
"'. ,,.
'"' ..
,
,,, .'
,.
"'
",
"". ,
'"' ..
,
....
,
,
..
,.
.
".
,,,
,
...
..
,
"
"".,...,
"'.
,
,.....,
,
".
,.
,."
.,
"
"'
..
'"
.....
.
, ,,'
,.."-.,,.
,- "
" ."','.'
'"
.,'
-,'
' ,''
,
,.
..
"
....
...
".
,..
-, ,
'""
.. .
'..
-"
."
-"
,
,",
.
','
.,
,
,
".
,
.
",
,
..,
,,,
,
"
,
.
,
.
"
,..
.".."
..
".
".
'"
.".,.,- "'
,
.,. ,
..,' ....•.. '.. ,
..
.,
,..
".
.
',-..
,
". ,
-,'
' .'
,,'"""
','
".
".. ,
..
.
..
- ..
',",
,.,.
,. ,
,
,
,.,
.
'"
,..
,
",
.
"
'"
.,'
'"
... ....., '"--.." ...
",
.~
~,
"",
".
., .."'
.... '.0'
"
~-,
"",,_
'("
Lll.,
, . ""L
,~
.'
,
"'
"
."
"'.,",
, ". >
\ ".
\""
I~J
I"
, , t ••
••
.'
,,,
,,,
"
"
"
", He>'
"
,
,. ',
., . ,
"
","
""
'''""te'"'···'
,,, '1',0 " ' "
" ."
,.'"
...
"
".'
"
','
.'
.,. I
".
""
,
',"
"
","
j. ,.
,,"to'"''
-."
'
",'
'
"
'"
>,'
".
'oO
"
'. '"
',-
,. I.'
I " ' ••
n."
"
~
1M .T
"',
"'. I
.,
II. ,
"
--- ..----------.---
\.~.
n. ,
,',;;0.;;0'-,,,,0.;;;'-';;.0;;:::; "","""
",
"'
"j . , -
".'
"
,
,"
'
'''.J
---"
'"
,,,,,,",,,,.,.
.",,,,,.,
•• ,cr
01""'"
• _ .. e u,." •
". J
"-
\
'"
• J. '
",'
[0"
~'"''
' ..... ,UT
~
" l..
• >L. ,
>L. ,
I ' ,.
.. <
"I .•
"'-C.' j' i;;;;;;;;-;;;;;;-;:";' , ...., ...,
""'''c
~
L ......
to,,",,,
, . ,. I
j
~
"I d
I ". >
'" "
<..-,.".
"
"
.'
• .",#"'" ..
,.
"
'.
,
t> . '
J •••
0,. ,
"
t< ••
~.I"
'
'.'"
','
""
","
-._------_._- -"0"-"'" " ., ''''
'"'''rI',
"'.<I,u ," ".,..
",,""c'
•
...... '. ......."
""
".,
...
,"" .• "
0'"."
".,,", "
. , .. , "'
----------,. "
<
,,'.'.
"."
'""
"
,
....
"""
10 ,.
.
..
'""
-191>
,.,.
,
,,,"
'-
.",~,
..
..
",. ,
"'. !
I •••••
..
"
,
..
...
... ':o~1
....
..
'.'
,
","
.... ........,
~.'
I."
.... _U ..
..
,
..
."
"",
'" .>
i ."
,
...
.,
'" '"
.
.~
,,,
".'
'. ,
'. ,
' ."
. . . ",.',""", "<C • • ' ...... ~,,".,.~-----"",~
•• "~£,-,", ••• ,
..
••
I I •• '
I ". J
r".'
I ". ,
"
J". "
''''.
,.
.,
.'
L.~
Il., •
,
..
'....
","'"'
, ,uf -".
,,", ,"
L ....
1l6.~
I<
"~,,
......-,;;;;;:
"'. '
'"' ..
"'"
'" ,.
,,,."
" ..
...'
'..,
". 0" L. ,"
• ••
·l.<
-' "
..
. ,.'.,.,,
.~-
."'
". ,
.~
.,. ....
,'".. "",.. 'P' .""".
"
" t ",""
'.'
'.'
.... y.'-
...
"U",,,
","
.
""
,,~
'"·_.·· .. '1 .. • •
-~---~
.
........
,,,~
""".
eo'
~,",,'
..
J0 I,'
'
"
,
, ~
...." , .,,""''' ,
•• ""'..-," r ".
".~
k'"
(0'.""-
......,,"" ..
." -
"
"""oQ.
"
., "' " "
....
'6'.
,A,
,...
..
'''.1
'." ,
","
'"
~'OJ"'"
C',,"
....
,
"".,
" ,
'
J
~
I'~ ...
.~
"
~
11 • • ,
,., .'
,,,.S
,."
, .'""
"'.,
"'. ,'"
LI'.
~
"' . I
...
• I 1 ••
~
I'" •
.. >. "
"'.,.
,- ....... ........ " ........, ,.. ...
,..
,..
,
.,
..
'.'
..". .... , '.' .,'.'.,, ••
'.'
,.
..
..
'
.
",.,,
•••
'.'
·.'
.. ,..
.......
""" '"
'
• •••
..."
,".
-,~
"
oW
,,,
.'
' ,
,
)
'.'
,,
""
..
.
,
....
"
.~ . ~
~.,
.. . ,
". I
..
',,,
'"
'>.'
•
,.
'
,~.-
~
...~
.." .
..'
.
,,
<Q-........ " ...
", .'
~
"
,
'.'
•••
...... ".
~
..
,,..
.'
".
'.'.'
,
'
' ,'
'-'
I~.
'"
,,0_
~
.... ,oo,
.....
....,...'',
,. ,
,..
,.
..."
J. -,
,
'". O.
,~,
........
,, ,,
"
..........
'.'
>. ,"
,.''''t:_l" " "" •
....
.....
.,..
..,
I.~"C"
~.,C'
",. ,
'~
,,~
,~,
I ~ •• l
'
L~ I
••
l ~'.
\ ~'
Il.'
••••••
'.'
". I
..
'.'
'
••••
J ' .1
U.'
'.'
..'
I• • ,
..'.''.''
'""oell .,.... ~ .. ,- ,,,,,,, ,," . S<lU
.
"" .. ".
".,",
-.,LL'''''"Lo
'lO·
•••
'··'~·L<
_.
. . W.,
•••
•
,.,~
."
.
.. ,
,,, ..
.....
"
,fl ••
'""
" ....., "'., ,". , ,".'
",. ,
"," "", .,.' "'. ,II' .'
..
,
'""
,. "
,. ,.
, II • ,
II~ • •
II'. ,
.
......jOe
,
'""
,.,.
,
'"""
. ,. ··""·L",
'"
....'.''..
• , .J
..
,t•• ,
...
M
1>.'
n,. ,
"
". ,,""" ,
,. . . ." ,Q.",,,
n • .'
10'.'
• J. ,
'
0."
•••
••
•· ... ·L'~'~.·,
II' . ,
j.
J.'
-,
."
~
)0,.",
'~'
'~
0.-
,~
L. "
J. ,"
•••.
II ..
'-'LlCII
..JC •
""L"""
..... ,",.....,
,. . ..
.....
....
,....
,,01.....• ,,.,.....~,
,.'1.'
1'.....
,"."
,. t. to
...,
... .......'.'•••
,.. ".....
, ,..,
'. ,
,.'
""'!+ • • ,.""'" ' ... ,.,
.".. " ...,
".." ".....' "
"
.'
'' ..
-.' ' ..
,,,
,
...
....
' ..
'.'
,,.., ." .. •••
,,•••, . '.'
•••
.. ..
...·1 .,
•"
o.;;:;~o;;;;-;
f.
~
.'
' J.'
'"
'
'
,.~
"lo'
n. ,
".1
~
'
"~d'
"".
'
-I> • •
'J. ,
~
U'.'
,
~.
CO ..
CO .. ,.,
,.~
'~'
_K.'
,
'"
<~"
I ••••
J,'"
_J. ,
.. ..".-"
~
~.· .. e"' C~"'"
.'
'"
-.
,,~""
'01.>
"....'
,,...... ••
'...,
.. ..,..,.
.-,
.
.
••••
" ..
••••
.
..
,
..
-.,..., .....
,
""
..', ,,...,
•••
,,,
,..
.
.
..
•••
..,
-..
... ,.... " . '.',..
'. ,.
'.'
C""·h . . , " , ••
.
.,....,., ,U., "," ..... ,..... ,,......,. ,-...•....
,
...,.... ,.... " ,.. ,... ,.,,. '.'.- ,,...
. . ..
"' .. "' ..
,... , ,. ...., .
.....
....
,
".
,
..
"" ...
'" ...
,.... ,. '''
.... ",.,. ""
..
,., ...... ",,,., .. '_'L .", '"
.
.... ,..'.'' .. •••,.. --'.',......," •••..'. ,, ,..'. ',
•••
..' ,,, '.',.. ,..'
-, .. "'. ,
' ..
..
,
...
,
'.'
'.'
c'._.~·
,H .011' ....... 'Le' ~., .... -.,.".,.~"C_~"------'
•••••
,<,
~
_
'''L
"'«M c ......
-II. ,
.
c.",.,..",.",
" ,..." .... """"' ''' . -"
• .., .·'Ct •• .... ' ..... Le> .0""',, 0
-"
...........". .." -" -" '0'"
C_,
u_ "'11
,,-
••
~"" , ,~.", JOL
~." L'~" ' LU>l •
'.
' . 'v
,
!J. ,
••••
.'
'.'
'.
,~
!J ••
lJ.,)
'
h.'
'.
'.~
J' ••
" '~
11 • • ,.
• • • l~
10. ,
,.~.
"
~J.'
~.'
~
'~
'.'~
"
...........
....."<0, .' ....u ...
..,
,,,~
C'"OO ".,,~"c.
,
,"•
•
L
•
".•
;:c;
,,
".,"',
,, -'
....
~
,r -~
-"
•
,
"-
,
•
•, ,
~It
• •
~
,-', ,
i
..••
j
~
....
-~--
"
~
~ ~.
••1
~H
..
• ,-.,
,
., }
...-•
,- ..--.
-.
t11
"
, .
• ...
I,
, ._. • .
,
,
• ••••
,,
.
,
-
!
•
.-.. •
.....
---
- --
,,
,
-•
j
-
•
•
,
-~.-
"',
...
--..
,"
"
. ~-
,~
" ,
.,
,•
~
~
"
-.
...•
...•
., ••, ...
...
,,
,
•
•, ,,-
I•
---. •"
"
~ ~
··-.
....
j
--•• ...
,j
~--
·.
. .. ... -..•
.. . -.•
--.
-- . • --.
,
•
,.
...-.-•, • • .-.
,
•
,
I•
,
•
• .-
••, .. ,
...·,·--"...... ...•
-< • •
---.
,•
•
•
--•
!•
"
..••--
;(
,"
I'
'I
••
,
"t
,,I
,
'
''"'' " ,.,.",""
"""""u.'''"
I""' ,,,, ..,,, ., • •'.,. ," 'll .'.• '0-" ","' .."
u".,,,.,,,,,,
, 0_" """"", '">t
o"""N'CC' '"J''''''' ' I "
·"l •.
,,,,,.,,, •••
<0_,.......
,.".,,,
<".p."
,,• ••
. ."..
,
.,
" ....." "
...~'"
..... ..., . -........ ...
"" ".
.. ...
~
---------,-"-~,.;,-,-
''',
I
.
'""
• ...... ·c
LL .... "
" ,.
I
'""
----
,
..
""
'"""
,
",
'""
"'. <.
'
,," .'
," .'I '".'
,""
'"""
."" "
,
'""
."""">C"'''.'
...
.. ,
.,"....
,'. ,.
'"
". ,,
.,.
.
... ,,,
""'~
".
'''.,."
•••
I .'.'
"
..
'~"
..
..
, , 1. ,
'
I
,"'> ••
,.-
.•
-
." .-
.,
'".
,
"
..
I .. . •
"
....
I.~. t
I~ •• ,
I ••• •
..
I ••• ,
.
"
~'
....
•.
"
"' .",'
"
....
. L
"'
"
'.'
"
.,.,..
,
','
,,'
.to.'
".'.
'"
- .•
.>I.'
'.'
"'. I
,
. I
". J
..... <".4, , . ..... " ....
".1
'-'
'.'
".'
'-'
, ..
'. ,
1>."
''-
." .,
"','.'
" .,
"" .,
" -
..
..
I "."
-----
.•".--------.----------------
.,. "'..",
., '."
....
'"
"
". ,
.,
" ...
". ,
"
., ' .'
.,".'
.'
·I •• ~
"" ,
"
....
..".
" . J
"
.,
'-.
...
,, "1>.'
'.' ..
'",. ,
- - ---------,
," ."
"'
"'"
",
'.'
'V.'
,",. ."'
'.' . ••
j-~-;;;c,...;;~"';;:;·_;;;;_,.".".,.~.,.,--.-_-;;;:;_;:_:,.,,'
"
"
",----;0;;;-.-, ;>,;."','.,.,,~.~,,,,""
, ,""
.....
"' ,
,..
>
.... ~,]I
~/:,,.~--.-.
....
,"".,.
. .,,,
'.'~
".
'
r.. "
...
... ,,
·-------,.,;:..
. ,""
'.,
",~
.0.
"
"
'''.'.
""
, ,
..."0.
I ".
---------------I ~ ".
..
",. .-
10', "
.,.
~
M"~
,"
-",0-"
.
'.'
'".'
>."
",
.,
·
·
"
"
.~.
·t.·,·,
" .-
., .
II.·
,,'
'". ,
. '. ,
".'
I. ,.
-----
'".'''"",~
" " or •
",,,.e,, """Iou
,~
C'""" ''' " .,,"'
:Cl
•
•
-
•
,
••
;
••
.'
«
'-
b
.,
..-.
t..•
..
"~!•
~!
;I
"..
"!• •;1'~
•
-.
~
}FI
~ ~~
!
,,
,•
,
•
"
I
...
,
.---
,,
,
...
...
•
•,
•
,
•
o
~.
,
, .... -
•
I
,•
,•
.. -
.,~"
,
~ ~
~
~~-
•
;. :.
.....'.
"
...
_...
".
.. .; ..
..• -,...
·
:1
,
•
•
,•
"!•
•
•,
\1
,
, ·....
.-. ,
•
,
•
•
,
~
•
•
"
..: .. •
_
-"'_.
~
.- ,
,
.,,
,
co __
•
• • - <
• •
.. . , •••
...
. ..
... -,
I
'I
11; I
;!
-- 1i
... ··..--- .
~
·, ...
:
." ,
•
,
,•
..
, · ... ~!
,
,
·,...
....
.
•
•
!
..
,.. . , - -- ,.
, • ,
·
..
,"
.,
,, ..
~I
•••
,
•
·• "
••
,,
•'"
~,!:s
•
i
I
"
~ ;
..•
i· ,I
••
·,
~
if,
, •
,I
,,•
d
..
.,•
,•.•
,
"•..•
JY>:)TW'TE~,
"'l'"O' ,
r:~c""
"r, ." "
~ . \~L'·S
1 TO (
iata fro-. the "ure.u of rcono~i~ f, n~l~"h, C.". cer"",,,p"t
t:,o ~cd"""l n~".rv. ::O~rd, Co~""n.."tlon and hom. ,;a" fro., tl·.~
'r 't;·tJ<t:o<, r.e,. De~o<tn~nt of La !,cr ~"_d t.l,. n ,,, u~ 0' [c"n,".,l<.
,-"cut
....
oj,
"1
-."., -e,: ",'\.-'''ie~ n' er'i'yee. plU8 ",,?loyer,' oor.tributtons for &0<lal
in .. ,c.,nc{ "od "rin'~ l~ll<flt ~lans, Excoot for "~nrh'~'.<hl
,hUe 'hrc
.~lf -=oloyod, <!au al.., i~cl",;~< nn
",- '"~ '., ~n'- <,,~~!.~e,..t~' r"'''''MA for the ... LI-ennloy.d,
C)
"oo),"or
.,~"
0"1"'"""
J"dT~ct
(0)
?,.,a",
(:'1
"u"rtcr~y
<MJ'Or~t!on~,
,."k,,,.
are"<'
Inoh" . . . ro{its, Jcprec1ation , intuu t, unt~'
,"xu.
<!>on,," c,m"ur,<Ie<1 . . . nnu~) rat e h"" ori@inal
icJox nt -bec".
dH~
of
,m',""
'0'
0ne
rother t\o>l
rc . . ue .. ~dJu .. cd to annu31 <5tLutU u[ out?ut (;"o.~ r~Qd\o<'
(r~~ t~" r.ue..," 0' &ono~io Analv.1o, L~. ~~~''''t~ent of
""ieln."f",-)
C. .... oreo.
c.a
(11)
l'd, ,,.,,,\,,, \ncl",:.
~o","u'e pr~fit.
anci
!n"~ntoc~ v ~l ua,lon .~Iun"e"t,
7hp due~b)~ Sector ir.~l~.s th~ follow1no 2-rl1~I' SIC !n~us'r1~. , rri~~ e y
",e.,:; f"teicatM
~.et~l procuo<£ ; ~o,,~lectrlc~) roochin H Y; d~c nical
",",<),1o.y:.- tr.\n"r~natlo" eoui""en t: Instru,..n,o: lu"tor .~d lu~.~e< r~oducu:
ola", oIUA, .nd " tone "r<X'uo'~; furnHu," and fixtur£< ; ~nd ~ho~ll.neoll'
~"".~f., tme~,
(12)
7~_e n_'n~~cohl~
8C<t0C locludu tOe fQllmdn' 2-rli[it SIC iodu&tri os :
axUl. "ill rr<>duao; a~?-"rel FeO<iuc,", le~thor ond I@~"hor prO<iuotA;
p_rH and ~npec prodllct" printinr and publi.l,!~~; oh"",icai. and oh..,1col
~roduo,,; nu~o)",J." ~TOJUC"; rubhc ocd rlutic produc,,: food.; a~,'
to"'ceo pro~uou.
PRODUCTIV I TY HOURLY
CDMPENSRTION UNI T COSTS AND PRICES
PRIVATE BUSINESS SECTOR
(PERCENT CHANGE FROM PRECEDING
QURRTER AT ANNUAL RFliEJ
CHART
••
:
......... -.--•.,•
,•
1
------- - ----~----- - -------
••
•
15
ill
or FILL PERSONS
...........
----._-------------<
"
,.---
OUTPUT PER HOUR
, •1
>0
"•
,
••
5
••
••
,
,
------.- .....•....
--- -- --- -•....
,
,
••
••
,••
,
,
,
,
,
0
-5
,
__ ...........
: ---------JI I
COMPENSATION PER HOUR OF qLL PERSONS
':
7 .3
••
•
·_-------t---
••
-------------,---------:
UNIT LASQR
,
,
·
.......• -____ !_: .. __________ ,
L
- >0
----------~---------.-.- .--- - ----_ ._--.---_.
-_
~]
••
••
••
------.------------.............
.. ---------COST:
:
:
,
__ _ ______ _ • -.~ - . -"'~~c.:;i:
-------------'1--
,0
5
0
"
" ,
" ,
.
'
:,
:
lS
lS
JI J
"5
••
0
-5
3S
-------------t---------- UNIT NONLRBOR
PAYMENTS .••• ••• --- +
,
,
-------------.-------------.-------------- ~ --------
•
_··_···--·-- -1•
••
••
,••
•
••
,••
.... --.. ----+-------------
••
••
••
•
... -- -- - - ~ ------ -- .. -.
25
-- .. -------------
.. ---.-------------.---•
•
••
30
••
20
III
:3 • 7
15
•
-+------------•
"5
0
,
,
,
-------------:-------------~--------------~--------
:•
IMPLICIT PRICE
•
.
,
,••
... ··t··-----------~-------------~-·---------•
OEfLRTO~
••
,• ------------ - .
,
, ----- ---------~----------•
+ •••••••••••••
:
III
--------- <•"-- ---_ ... ............
_---_.
•
' .9
••
••
•
1970
1971
1972
197 3
197 4
1975
~"
15
•
••
-5
20
19 76
NOV 24. 1976
j
5
0
CHART 2. PRODUCTIVITY HUUKLY
COMPENSRTION UNI T COSTS AN D PRICES
NONFARM BUSINESS SECTOR
IPERCENT CHANGE FROM PRECED IN G
QURRTER RT RNNURL RRTEJ
i
I
OU,TPU T PER
~DUR OF RL,L PERS ON S,
.,,
---- - -- - ----- - .-------------.-------------~---------- - --.--- ---------_._---
.
,
"
,,""
,,,
,,
,
"
-
,,,
,
III
2.9
--...,, --------- ---i ,--,
I5
10
5
0
,
-- -----------..,
"
,
'
"
"
""
,
,,
,,
------------.----------- -- + ~-- -----------,------------_ . _ ----- -- -- ---
:
:
.... -------------
COMPENS I=I TION PE R HOUR OF ALL PERSONS:
"
:
--------- -1-------·-----~----------- ---~
,,
,,
,
-------------.---------.
-5
I II
6 .9
----------.. ·····-···1--- -------- +-- -----------
10
5
UNI T L I=ISO R COST
,,
,,
,,
,,
,,
,,
-_.---.-------------.------------_
....,,, _--------_ .. ,,
,,
,,
,,
,,
,
,,
III
,
-.. -- ---------t-------------~-------------).;.,.~~"C_~ T- --- - - - - - - - - - t-- ----------T------------,
,
,
,
,
,
,,,
,
,,
,,
,
3.9
"
"
0
25
20
I5
10
5
0
,
·---- ---------t--- --------- -~--------------l_-------------t------- ------ t -------------+------------,
,
,
,
,,
U"I IT NONL ASO .:;: PAYNEN - 5
:
,:
,,
.... ---------!-------------~--------------~------------•.,, ------------~-,~_/ --- - - - - - - - - - _ . - . +
,
,
,
,,,
,,,
,,
II I
,,
.
-1 0
I5
,
10 . 0
--------.. ,_ .. _------_._+-_ .. _._ ....
-5
30
25
20
I5
10
5
,
r
,,
,,,
,
,
,
0
,
-5
,
----------- - - :- - --------- ··~--------------~ ------------- ~ -- -----------~------------ -+-------- ---- -
:
Ji"lPLlCIT PRI CE DEFLATOR
,,
,"
,
,,,
,
,
,
.--- --- ---- -. - :-- .. --------- ~--- -- - --- ---- -~ - --- ---- -- ,
"
,"
:
:
:
:
IIJ
, 5 6
,
'
-- .... ! ............ ~ ...... ---:---
,
,,
,,
20
15
10
5
0
1970
19 7 1
1972
1973
19 74
J9 75
1976
NOV 24
[976
CHRRT 3.
PRODUCTIVITY. HOURLY
COMP[NSRTIDN, UN!T CuSTS RND PRICES
NONFINRNCIRl CORPDRRTIDNS
{PERCENT CHRNGE FROM SRME
QURRTER R YEAR RGOJ
,,,
OUTPUT PER RLL~EMP'LO),EE HOUR
:
i
, J II
---------- ---.------------_._-------------"--------_
.. -.•.......
_._--_._--------------------------: :
:
: '
2.7
"
,""
V
.
. "-..
,
~
,,
,
:,
,,
:
""
,
i
, .
'
-
"
t
/
"
o
COMPENSRTION PER RLL-EMP'UJYEE HOUR
III
"~'~--~--~'~--~,~,,~l~--~--~,~--~'~--~--~,},,~'~--:--~'~--~'~--~'--~i~--~'~--;':--;--~,~--ti~--;--",;..;,~--~,1',~,~--:--"",--",.1~--~,~--~':::--?:-?o
UNIT LRBOR COST
,
.. _-----_ ... .•.. _- _........•...........
_..," .. _-------- ...
-
II I _
" __ ·· __ · ___ l _____ . __ . __ .""" __ . ________
"
,,
,,,
,'
,,
,
o
UNIT NONLRBOR PRYMENTS
,
,
,
,
"
... _---------,----------,
--.-----------,,
_ , ------------.-------------.------,,
,
,
,
,
,,
""
,,
""
,
"
,,,
,"
,
,
,
.
....
.
;,....
"
"""'~"""t":"""""~"""""""" " ""' " "r"
,
,
,
" "
III
-----
-------------
"
20
' ·0
,
" ""'· """"""~""
""""
!O
,,
:
,,,
o
/
,,
:,
,,
IMP'LlCIT P'RICE OEfLRTOR
:
,
,
,
-------------.-------------0--_._.
__ .. -.-..,, -._----------.,, ___ _ -------.-------,
,,
,,
.
,
,,
,
,,,
--
,
,
,,,
,
III
--- : --- ----- .. -o
1970
] 971
1972
1973
] 974
19 7 5
19 7 6
NOV 2 4 .
1976
CHART 4.
:OSTS. UNIT PROFITS
~SN~J~QNCi=L
PE~CENT
QU~RTER
RNO PRICES
CORP2RRT!ONS
CHRNGE FRJM S~~E
R YERR RGJ
Cr:O::C:O:'C'C'O"C'O::Ci·O~:=:C::O::C.=:.-.,c.~r..C"CC,C.,C,C.OC~C.Ct:O:~:1.-.0..C.C..O-fC.O.:C.c::=::C:~.:'.:::_~=..C.O..=:C::C._"::C:=::C:C::=~:C~O~:'
.
,
.
,
. ___ •••••••• , -1-, ••••
.• ••• ••• • j. " ' - " ••••• ~ ••• _••• _•••••• ~ ••••••••••.•• \ .••.••.••••• ~
,
,
:,
~ON~Ae.OR COST
•••• ; ••• • ••••••••• ~ •••••••••••••• ~ ••••••• - ••• _-j •• _. _• • •
:
UNI T
,,
_.. + .... _.. _.. -
_._ .•... _-_. __ ._---"_.
j
,
,.
,
--... -- ···t·· .... -.--... i' . -_. __
-!
._---"_! .. _.. _-
.. -.... -- i·-· .......... .j••• --. --•.••.• ~-- •• --
-
-t------------·,··-
TOTRL
UNIT COST
,
.........•......... --- .----.
.
,,
,,
,
,,
...... ......... .
,,
,,
,
.,
·-'·n,
·,--·--- -------t-
, .,
. ..., -.. _........ -
--_. __ .... -•....
,
,,
,,
.,.
,,,
,,
,,
,,,
1
'
,
.
:
,
~ •••• -.-- •. -.. : .... . ------.- j-......
-.. -••.l_
,,
,, ..... __ .. _._:,,... _....... _ ,,
,,
.,,,
,,,,
,,
,
·,
........ -. -- ·f· ........ -- -- , - --- ---......•~ .•••••• -••.• -f · . -- ---- --- -f -· -.-
,,,
'"
0
-' -10
r:
- - y - - ••••••••• - .
9 ·9
,
..... --.. -·t·· .......... --1 ••••••• ..•.. +- ..
·········--··t··--····
,
,
,
_... _.. _.•.....
..............!r
'. ......
'
__-··· · ·-········~·········i···
...... __ .
,,,
,,
,
,,
,
.
,
:
o
i -........ -t.......... _... i····
; vA~
/ 7- '<"'1-•.. -.. -- .-. "1-...
....j ..... -..... +.--. --...... 1910
j
.i
.1.
1911
1912
i
.1.
1913
1974
.1.
1916
1975
NW 24
1976
.:0
· 20
@FedFRASER