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Bureau of Labor Statistics

United States
~~~
Department
~
of Labor
Washington , D.C. 20212

F~lco

(202) S21 -9261

USDL 77-1n

K. D. Hoylo

(202) 523-1913
(202) ))) - 1)"

FOR REU'.ASE : ll: OO !ll1
Tuuday, Augu", )0, 1917

L.J.

".~

PRODuctiVITY " ..ID COSTS
~""fI,""n<l.t

Co<poute Sector
5«ond Qua«u 1977

Productivity In ""nfinanclal corporation. Inc reased l. 0 pectent In the

t.ab<>T SUtis t lc. or the II .S.
fint

~U&Ttu.

D~pu t ... nt

of Labo, annQunced today.

Uurln ~

the

productivity Inc r ule<! 6. 0 P'<'Tc ent in ,hi . ne'oT, .. hleh lncludu

qu.o ttU Inc .. ~u ullee t . d continuing a tTong

~ . ln .

In output (up 9.9 percent )

qunter.

bu.lnUI, nonfa .... bu.lnu • • a nd ...."uf. cturlT1J1: .. eton .

Th. nvbed

"".Ut ..

Ubi. A; detaU. ap pur In tablu 1-6.

Hov.rly <o .. ...,,, . .'lon, "hleh l"olud. . both val" ond .upph,..,nu, Int r und
6.8 pCTc en ' In the ... on<! quuteT, cO"'P. red with. 12 .B-pene", r1 . . 1n the flut

q ..... rtu of 19n .

Uni t 1.l>or 00.0, vhlch oho". the effecu of chongu 1n produc -

second quarter . t he . . . llen rhe 1n. y. . r .




Real hour l y co .. p .. n. . tlon-~",.pen ... tIOn

r.hl* A. Productivity and co.ta'
(Sea""n411y ~d.lu",~d)

h<ce"t Ci\<\npe at Mnuol RAte

'u'
lIourly

Hout!y

~"­
ponsatlo"

\lou<&

Co",-

puutlon

flu. Qu.,ctu 1977 to Second QuHtor
PRt:!.I~I?<A~Y

llo nflnanclal
Corpoutlon.

_1. 8

'"

..,

- 1.4

o. ,
'.0

..,
..,

..,
8.j

-1.10

- 1. 9

12. 7

_O.b

15.8

-4.J

0.'

1~77

,.,

lU. 1

-------------~--~--~---

Socond QuaTter 1916 t o Second Quarter 1977
PR!l1.l)!IXARY

,.,

Nonfln.tncl.o l
CocpOUt lou

1.9
Nonfarm Bu.1n •••

u.,uble
Uonduuble




".
'"

..,
.. , ..,
•••
.., •••

REVISED

".

,. ,

..
,..

,
l.~

per h.>ur .djuote~ for ~h.ongu in the Cc~.~r Pric. !~~ex (CPI) __~o<l1~ed l. a
puc~n.

in tbe . .oon<! qu.rter, the Hut dedine in ,hi. " •.uur • • inc e .h" ,hl,d

quarto< of 1975,

Th. ae<:ond qu. rto< rioe 1,. the ePl ..u

~tuter

.hon the ,n<:to. . .

In 1_.ly compMlu ,lon .

Unit proHt • • ~ya""ed at • uuoc.all y .dj u.ud annual • • , . 01 50,l percent
In tho second quarto<,

Thlo ,;u the
of 1915 ,
.~ . . )

l.-'~Ut

co~pored

"Ith an 11 . 6 p«cent decline Ie. th. flut qUattu.

quac,u11 in" ...... It. unit profH • • inca the .hl r d

~uart ..

Th. 1ncr. . .e . efle<:te<l a 65 , 0 ?«<:ent (n«e. .e In profH. (at ac,

and. 9 . 9 percent Inouue In output.

a~nual

Th. IIopllclt prtce ddlotor - --I<hlch

.. ft.or . chanau In unit bbor coot, unit ""nlobor coot, and unit p.ofttO--lr.e .....d 1 . 6 percont (at on annual rato) In the . <cor.d qu . . . ct, .","pore d wit h .
1.5 p. . . . nt In< ..... "". quarter url.l or.

This ..as th.

h.~ut

,neteue

tn.

I~

deflator ,(nco the hut qu . ... er of 1975 .

Tabla 8 ,u:ll'llld . ., pl'1Ce. eo . . . ~d proHt dnol0p"'ento . In« 197 0 .

Revised uc oru!-quartu pn,,!uctivHy and co.ta

~ . . uc .. ~'erl

This

alao t ehued

today f o r the p"tv.. e bu.t" .. s, nanlu'" bu.lnus, and .... nu fo cturing ucton .
Th •• e rlvl.lon. r of l.ct thl Incarporltlon of the
potl.at1on .nd ou.pu. ""u"r.. <o,"piled

b~

~.t

recent second-quarter

co~­

the Bure.u of !:co"" .. lc A. ... ly . is of the

L.S. Deput"ent of Cco:::>erce nd t~.e "" .. "COnt <>euu"" of lab<lr Input fro .. the
ns.

l\evioed utlmatu of t ho gro .. houdol produ" of o ...... eo oocupied d,,"111n8"

(u. .d in the coeputuian of productivity 1tl the bUlln . . . . .«on) " hleh " ere not

. y01hbh 10

t l.o!~

ate .lao lneluaed

for l ndu,ioo ,,1<h
hu~ .

t~e

July e<lHton of Pr oductivity .nd Co.ta,

The uvlud URuru <our thO per10d boslnnlnl In 1914 .

and tho o ff ect of the r evlo1on 10 __ 11e.. i n tho lour




~U&rteu .

The 1.....

T. b l. I .
I nd .... of ' r i ce. , Oau, ond Pr o flto In tile _ f l .... ncial Corpor . .. S...::t or . 1910-11
1961-100

"".... r .

1910

1911

1912

1914

19/J

un

1'111

1916

191 b

m

I "

• I

..

bop Itc tt prk.
d. n • •o r

Ill. S

111. Z

1Z 0 .~

125.8

14 0 .2

155. 3

I ft3 .4

1601.1

1M . '

167 . 8

17 0 .9

To t ol ~ "
<:oot

119.'1

124. 3

126.3

lll.8

n 2 .6

16ft . I

11 2. I

111. S

116 . 8

11'1. 0

lIO. l

1 i1 ••

UO. ~

121 . 1

llO.1

IU . S

158 . 8

I ~6 . 3

I ~6 . ~

111 . '

In. q

11 ~ . 1

121.8

I) S. "

134 . 6

119. 2

164 ••

la8 . 8

" n .1

1'IIl .1

U 4. 1

195 . 0

194 • •

6~ . ~

16. ~

87. 1

69. 5

91 . •

ll l . 2

111 • 1

101 . 0

10) .7

1I4. 8

\!n il l o bo.
~o. t

UtIli IKInlobor
ooot
Unit pro fi t.




8~ .

6

•,

-,fltuns .ho" 3 proou<-tlvHv dccliM In t" ~ prlvote I>u.ioc. . Uetor of

In

'h~

.. oon,1 ou.utu, and

~n

lncTr. . ~ of

~ .I,

percont

i~

I.,

p~rcen<

the nodu", h .... lnua

uctor .

Thou c""n~eo """ hUn upMted 30 _l.~ ?uo,nt and ..(j . 4 perce"'. «.pee-

tlvely .

In unuhc<urtn., pr<>ductivi<y . dv.oced 1.0

of S. 2 rorcen. and 0 . ,
,ector..

Theoe

~*r~ent,

nov.~n'.

had

<*,p~c'lv . ly,

b~.n

r epo rted •• 4.0.

out!"'t .no eo"ponution =nure. ou
","-Uu r " .




In 'he

h c~ .r

G.",~n<.
durabl~
~.l.

r~lhct1n~

AnJ

and 2.D

Inouuu

no~dur.bl~
p~r~ent,

.ub-

r"rcc-

,han the avls1on. to tho lat>or in;ru,

Tho OUlillllnoTY an,\ uvloeJ "". . .uao arc

cO"'~'Tcd

In •• blo C.

.,.

Table C.
Ptell~ln 4 ry

Qu~ rt e rly

and Revised Seoond Quar:er Heaoure. of Produotivlty and COtto

Chango a t Annual Ra t e

Sa. ."naUy Adjust""

Privue

~onfH"

~ u.lneu

Buslne ..
Sector

Sec.or

• I
Output per hour
of all penons

-l. 8

." ....,,
,.,.

,-,

•
-1.4

eo.,puntion

Unit labor co"'

c""-p.n .... tf.on

~

~,

Output
HouTS

p
R

~

p r el1mlnuy
revised




'-'

,. ,

',-... ..,.,

-2.3

- 2. 5

M.a nufa cturlng :

Nondurable

Duuble

Total

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'-' ,., ,.,
,., ,., .., .., '-' , '-' •••

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12.7

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'-'

'-'

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- 0.6

<. ,

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lJ.5

n .s

10,1

10 . 7

10.1

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SOC~CE:
Outpu, ~~ta fT"" the Ilureau or F.con"",lc Ana1~ois, u.s . o.:put",ent
or eo,..,uc • • nol th. hdual R. .en. J\oHd . Co«pen ... tlon and ........ u dHa hOI. the
' ure.u of LAbo r S:o,I . ,le., U.S . n.r,>rt .... nt of t.>.boT And tM ~uu"" of fcnn",,,le
A""lyoi •.

(I)

Wa ~ eo ~nd

.... lulu of eC'~loyoe. plus eployeu' cot><ributions for 0",,101
(".uue.co ,nd prl~3te b.neflt plano. hc.~t for nonflnonoi41 COTroutian.,
,,~ro there H~ no .~lf_~"'ployOO<!, da:O dlOO Includ . . an e.t1".'~ of "" ,U •
... hTlu, 'M suppl."...,,,.1 t>"~nt. for ,he . . U_..,ployOO<! .

(2)

CO<If>enutlon pu ........ r .. djusted for CMn&U in

(j)

;",n1,l><Ir ?"Y".n" i"e).ud~ pto!l",
and indinct tu ...

(~)

rucont ch~"~ .
index """beTs .

(7)

Qu~<terly ,,",urU a djustOO<! to a m",al utlooteo of cutout (~r,,". pr oouct
OTigiutinil f.o~ ,rn, tureau of too""~lc Analysis. C.S. ;)oor.",tloent of
C.,.,.,..ne.

(G)

tnlt noniaj,<,r 0o"," lncl ...l ~

(9)

T~tal

un"

CO"""ul\d~d

t\,.

d.preel~'lon,

at annual ute

depr~e!atlon,

fT".,

Con.\IC".c,

Prle~

lnd ox.

[n.<cut, Tental inc"".

orislnal dato TOn. . than

In'erest, a "'! Indlreu ,uu.

co.ts 10 ,h • • "" of 1&1>or and non - 1ol-<-. co ~ ts.

~I'oflts

v~luat1""

(10)

Unit

(ll)

The duubh uctor Indu~u the foUo"ln~ 2-dISit SIC indunrlU: prl.uTY
metbL; fabdc~,,,d ""'tal p.ooucto, nondectrical Dl.chinery; electdcal
,""chin"TY; tTOnsportaUan e~uil>D'lnt; lnst.-.-nto; lu",bu and l"",ber ~r<>duc,",
clay , sla .. , and HOne prOrlucto, fun,ltul'e and fixtures; and _ i.alla".oouo
... nut-ctur ...

(12)

The nondur . bl. ' .«0< incl<!du tho following 2-dlgit SIC iMUS«i ... ,
tutUe "til producto; apparel prorlucu, lu,her and IcatbeT products:
pap e . and p.~eT products, rrinti"~ an" puhlhhln~, che<>lcalo and th..,ical
product.; reaot""" products, rut~er and pl as tiC p<oducto; f<>ods; and
.obuto produets .




Inc II,,'. corporate profits and InveMory

adju.tn"nt.

PRODUCTIVITY. HOURLY
COMPENSRT I ON
UNIT COSTS RNO PRICES
PRIVRTE BUSINESS SECTOR
[PER CENT CHRNGE FROM PRECEDING
QURRTER RT RNNURL RRTE J
CHRRT

1

II
OUT~UT

-

rEf!: HOUR Of ALL PERSONS

-_. --- ------ ._- --- --- --- -

-~--

---------- _., -_.-

---- -_ ..

"
",

-1 .4

-•.....
--- --- --,,
,,
,,

0

,,
--.. -........ , .............. -..
~

,,:

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----------~- ·-· - · ------ ·r -- ·- - ··-·····;· - --···--·--·,-········fT··

COM EN SFHfON rEf!: HOUR Of !'Ill PERSONS

,,:

5.2

······· ······1·
,
,
........................
,
,

.........1'" ..........

,

UNIT lABOR COST

,,

,

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UNIT NONLA80R PO:;YMENTS

,

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,

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, _........ _.•..
, _.. __ ._ .. .
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._ ...... -, _... _... _.. -, _........... .

"

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0

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t972

t973

t974

1915

1976

RUG

1977
30. 1977

CHRR T 2. PRO~UCTIVITY, HO URLY
COMP ENSIH I ON UNIT COSTS RND PRICES
NONFRRM BUSINESS SECTOR
{PERCENT CHRNGE FROM PRECEDING
QURRTER RT RNNURL RR TEJ
OU, TPUT
HOUr'!
,,
... ... .... ... •...
.... ..... .•.• ......... ... • .............•.....
•
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~

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~LL

PERSONS

.. ........... \ ............. ,

,,
,,
,,,
,,

UN I T LllaOR COST

........ .....•.............

,

7.4

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...... ... .... •..........
,

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P[r'! HOUR Of

:,..;.;.,....,,""'-,

,,
,

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,
,
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UNIT NONLp.eOR P RYHE~ TS

..
.. ....... .... ..
,, ..... ..... ....
,, ...... ...... -..

..

,,

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.•

•

•

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•
•
•
•
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..........
... ... ..........
... .. ..............
................
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IMPLICIT

.

.

.

,.,
n

·.. ·· .. ·.. ·.. i· .. ·.. ·· .... ·i···········,·~~, ....................... :............. ,........ .
,,
,

1971




197Z

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1973

197 4

1975

\977
RUG 30. 1977

1976

[HRRT 3 .
COMPENSRTION

PRODUCTIV I TY . HOU RLY
UNIT COSTS RND PRIC ES

NONfINR NCI RL CORP ORR TIONS
(PERCENT CHRNGE F ROI', SRME
[JUR RTER R YERR RGO)

-

OUTPUT PE R RLL-EMPLOY EE HOUIt

............. ............. ............. .. -.
~

:•,

~

:

.

tOM~ ENS~T ION

...•......... _...•..............

•

~ER

• ....... ... •, ..... .
, ...... .....•...
................
,,
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/

RLL·E MPLO YEE HOUR
•
. ..........
.

"

,.,
"

. .. , ............. .

r-~~~--T~~~~t~~~~~~~:::::1-::~~~i~~~~i~~-,~,--j., 1~
U.ITLRBORCO

---.

•

. -.-

··•
••
•

-------·r---

..

·

UNIT NCNLRBOR PRYMENTS

••

·•,

7 .2

,

,,
•,,
,
•
..............
, ............. .

...............• .......... ................
,
.... .
~

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.

_

.

:•
:•
.... - .........................................
...... ..
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··,•
•

- - - - -- . - . - - - ........ .. ......•- ............

197\




•,

.
19 1 2

1913

-....

·

..................•..............
.

•
•

19?~

1975

"
"

1916
19?1
RUG 3 0. 1977

,

J""

CHRRT 4.
UNIT COSTS. UNIT PROfiTS. RNO F~tCES
NONf I NRNC I Rl. CORPORm! ONS
! PERCEN T CrWI I'GE: FROM SRNE

j
"
--1---------.·: .......... +......... +-.. _ ......+. . . . ::.:.
QURRTER R YERR RGO)

Im .. nnn .. ! ___ n ..... UNIT LP.SO« 'COST

t
o

_ •••••••• _--;--_ •••• •

••

.. . nt······ .. m--:---m .. ·····:······· ..

!·!.. ·1

\0

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n

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l
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.............!............ j ............. " . . ... ...... !..• ........ !............. t ............

I

:

: :

: :

t:: :~:::::::::1:::::::::::::t:::::: :::::t:::::::-::::.;:: :::::::::':1:::::::::::::r :::::::::::: l;~

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1971




y

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--- l -· ···········~ ·· ·····

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19?2

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1974

i

\975

- .. -_ ... .

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,

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1976
1911
fiVe. )0. 1377

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