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Nqu ME MAN Iff United States Department f 1W Table of Labor A . Productivity and costs : (Seasonally adjusted) Bureau of Labor Statistics Washington, D .C. Historical , technical USDL 83-196 information : ( 202) 523 - 9261 For Release 10 :00 AM EDT Current data : ( 202) 523-1221 or 1208 Wednesday , April 27, Media contact : ( 202) 523-1913 20212 1ik1 1983 Sector Fourth quarter 1982 E -2- Percent change at annual rate Real Hourly hourly Unit Produc- compen- compen- labor tivity Output Hours sation sat on cost to PRELIMINARY first quarter 1983 Business 2 .2 4 .6 2 .3 4 .7 5 .1 2 .4 PRODUCTIVITY TS Nonfarm business 4 .8 6 .2 1 .4 6 .1 6 .5 1 .3 Private Business , Nonfarm Business , and Manufacturing Sectors Manufacturing 7 .1 10.3 3 .0 6 .3 6 .7' -0 .8 'First Quarter 1983 Durable 8 .4 13 .5 4 .7 6.0 6 .5 -2 .2 .5 6.0 0 .6 6 .2 6 .6 0.7 Productivity , as measured by output per hour of all persons , increased during Nondurable 5 the first quarter of 1983 in all of the sectors of the economy for which the First quarter 1982 to first quarter 1983 Bureau of Labor Statistics ( BLS) of the U .S . Department of Labor prepares quarterly measures . Output and hours advanced in every sector , and unit labor Business 2 .5 0 .8 -1 .6 5 .8 2.1 3.3 cost increases slowed . Nonfarm business 2 .3 0 .5 -1 .7 6 .1 2 .4 3.6 .0 -1 .7 -5 .5 6 .2 2.5 2.1 The business sector, the broadest BLS measure showed that productivity advanced Manufacturing 4 Durable 4 .5 -3 .5 -7 .7 6 .4 2.7 1 .8 a 2 .2 percent annual rate . This was the first quarter during which Nondurable 3 .2 .2 0 .8 -2 .3 6 .5 2 .8 3.2 output , and hours all increased in this sector since the third quarter of 1981 . Other first- quarter productivity measures showed increases at these annual Table B . Nonfinancial corporations : Preliminary and revised fourth quarter and annual rates : productivity and cost measures, quarterly change at seasonally adjusted annual rate 4 .8 percent in the nonfarm business sector, Percent change 7 .1 percent in manufacturing as, a whole, 8 .4 percent in durable goods manufacturing, and . Real 5 .5 percent in nondurable goods manufacturing Hourly hourly Unit Implict Produc- compen- compen- labor Unit price in table A and All of these measures --which are preliminary -- are summarized the measures tivity Output Hours sation sation cost profits deflator In addition to productivity , appear in detail in tables 1-5 . include output , hours, hourly compensation , real hourly compensation, and unit labor cost, as changed from the previous quarter and the same quarter of the Preliminary previous year . All data are at a seasonally adjusted annual rate . For nonfinancial corporations , revised annual as well as fourth - quarter measures for Third quarter 1982 to 1982 also were released today . (See table B .) fourth quarter 1982 0 .4 -6 .3 -6 .7 5.4 3 .3 5 .0 -25.9 4 .2 Business sector Fourth quarter 1982 to fourth quarter 1983 2 .0 -2 .9 -4 .8 6.5 Although the 2 .2 percent productivity gain during the first quarter of 1983 was .6 percent rise during the fourth quarter of 1982, the smaller than the 2 and Revised first -quarter advance reflected gains in both output and hours (4 .6 percent 2 .3 percent , respectively ), while during the fourth quarter last year both of 1983 annual average 0 .8 -2 .9 -3 .7 7 .4 these underlying series were declining (- 3.0 percent and -5 .5 percent, respectively ) . The first -quarter increase in output was the largest since the 7 .9 percent increase during the first quarter of 1981, and the increase in hours was the largest since the 4 .7 percent gain during the fourth quarter of 1980 (seasonally adjusted annual rates ) . The increase in hours in part reflected the first increase in employment since the third quarter of 1981 . 1 .9 1 .2 4 .4 - 14 .8 3 .9 6 .6 -16.0 5 .7 -3Hourly 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 4 .7 percent in the first quarter, the smallest rise since the 2 .1 percent gain during the fourth quarter of 1971 . During the fourth quarter of 1982, these costs rose 5 .5 percent . The rise in the measures of hourly compensation for the first quarter of 1983 in this news release partly reflects mandated increases in social security taxes, which went into effect on January 1, 1983 . Although the tax rate remained unchanged --at 6 .7 percent-- the taxable earnings base increased from $32,400 to $35,700 . Real hourly compensation, which is adjusted for the change in the Consumer Price Index for All Urban Consumers (CPI-U), increased 5 .1 percent in the first quarter of 1983, the largest increase recorded in this series since the first of 1976 . The larger increase in real hourly compensation than hourly compensation reflects the fact that the quarterly average of seasonally adjusted monthly indexes of the CPI-U was lower in the first quarter of 1983 than in fouith quarter of 1982 . This was first quarterly price drop since 1961 . Unit labor cost (compensation per unit of output) shows, the effect of increases in hourly compensation and the offsetting effect of productivity gains . During the first quarter, unit labor cost increased 2 .4 percent, compared with a 2 .9 percent rise during the fourth quarter of 1982 . The implicit price deflator --which measures price change in a sector and reflects changes in unit labor cost and unit nonlabor payments combined-increased at a 5 .9 percent annual rate during the first quarter of 1983 . During the fourth quarter of 1982, prices rose 2 .7 percent in the private business sector . Nonfarm business sector Productivity increased at a 4 .8 percent annual rate in the nonfarm business sector during the first quarter of 1983, compared with a 0 .4 percent rise in the fourth quarter of 1982 . This was the fastest quarterly rise in 2 years . (During the first quarter of 1981, productivity rose 4 .9 percent in this sector .) This also was the first time productivity, output, and hours all increased together in 2 years . Although hours increased during the first quarter of 1983, the gain reflected a longer workweek (up 1 .4 percent) since employment dropped for the sixth consecutive quarter . However, the 0 .1 percent decline was the smallest downward movement since the cutbacks began in the fourth quarter of 1981 . During the 6-quarter period, employment fell 3 .1 percent -about 2 .4 million jobs . Hourly compensation rose 6 .1 percent during the first quarter of 1983, compared with a 5 .5 percent increase during the fourth quarter of 1982 . Real hourly compensation increased at a 6 .5 percent annual rate, the largest increase in this series since the 6 .9 percent rise during'the first quarter of 1972 . -4Unit labor cost rose only 1 .3 percent in the first quarter, the smallest increase in this series since the 1 .0 percent gain in the first quarter of 1977 . Although hourly compensation increased faster in the first quarter than in the fourth quarter of 1982, unit labor cost increased more slowly, partly reflecting. the much faster growth of productivity . Prices rose 5 .2 percent in the nonfarm business sector during the first quarter, compared with a 4 .5 percent increase during the fourth quarter of 1982 . Manufacturing Productivity increased at a 7 .1 percent annual rate in the first quarter in manufacturing, as output increased 10 .3 percent and hours rose 3 .0 percent . Both output and hours had declined for the 6 previous quarters in this sector . As in the nonfarm business sector, the gain in hours resulted entirely from an increase in average weekly hours ; employment has now reclined for 7 quarters . Hourly compensation increased 6 .3 percent in the first quarter of 1983, compared with a 4 .5 percent rise during the fourth quarter of 1982 . After allowing for the change in the CPI-U, real hourly compensation increased 6 .7 percent in manufacturing . Unit labor cost dropped 0 .8 percent in the first quarter of 1983, the first decline in this measure since the 1 .0 percent drop during the third quarter of 1982 . Fourth-quarter measures for nonfinancial corporations Fourth-quarter 1982 productivity and cost measures were also announced today for the nonfinancial corporate sector, together with revised annual movements . (See table B .) Output per .all-employee hour increased 0 .4 percent in the fourth quarter of 1982, as output fell 6 .3 percent and employee hours declined 6 .7 percent . This was the largest decline in hours since an 8 .3 percent decline in the second quarter of 1980 . Hourly compensation rose 5 .4 percent, real hourly compensation rose 3 .3 percent, and unit labor cost increased 5 .0 percent (seasonally adjusted annual rates) . Unit profit declined 25 .9 percent, and the implicit price deflator rose at a 4 .2 percent annual rate in the fourth quarter of 1982 . See table 3 . Revised seasonally adjustment factors All of the quarterly labor input measures contained in this release are based on the most recent seasonal adjustment factors, which incorporate data through December 1982 . The seasonal factors used in adjusting the CPI-U also were updated . -5TECHNICAL NOTES Business sector output is equal to gross national product less the rest-of-theworld 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 new 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 : PRODUCTITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED REAL OUTPUT HOURS COMPENSACOMPENSAUNIT UNIT NONIMPLICIT OUTPUT PER LABOR PAYPRICE OF ALL TION PER TION PER LABOR HOUR HOUR(1) HOUR(2) COST MENTS(3) DEFLATOR OF ALL PERSONS PERSONS ----- --------- ------------------- -------- - - ---- ------------ --------®--- --------------- --------------- ------------- -------------INDEXES 1977=100 YEAR AND QUARTER 1982 1 II III IV ANNUAL 100 .1R 100 .4R 101 .3R 102 .OR 106 .3 106 .4 106 .7 105 .9R 106 .2R 106 .OR 105 .3R 103 .9 151 .1R 153 .5R 155 .9R 158 .OR 96 .8R 97 .1 96 .7R 97 .6R 150 .9 152 .9 153 .8 154 .9R 136 .3R 137 .0 139 .9R 140 .7R 145 .98 147 .5 149 .1 150 .1 101 .0 106 .4 105 .4 154 .5 97 .0 153 .1R 138 .58 148 .1 159 .8P 98 .8P 155 .8P 145 .4P 152 .3P 102 .6P 107 .1P 104 .5P 1983 I -------------------------------- --------- - --- - - - -------------------------------------- --------------- ------------- - ------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) 1982 1983 I II III IV -0 .8R 1 .3R 3 .7R 2 .6R -5 .4R 0 .6 1 .1 -3 .OR -4 .6R -0 .7R -2 .5R -5 .5R 7 .6R 6 .7R 6 .3R 5 .5R 4 .5R 1 .3R -1 .4 3 .5R 8 .5R 5 .3R 2 .4 2 .9R -5 .9R 2 .1R 8 .9 2 .3R 3 .7R 4 .3 4 .4 2 .7 ANNUAL 0 .3R -2 .3R -2 .6 7 .2R 1 .OR 7 .OR 2 .4R 5 .5 1 2 .2P 4 .6P 4 .7P 5 .1P 2 .4P 13 .8P 5 .9P 2 .3P ---- ---------- ------------------ -------------- ------------ ------------------------------------------- ------------- -------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1982 1 II III IV -0 .6R -0 .3R 0 .3R 1 .7R -2 .6 -2 .4 -2 .6 -1 .7R -1 .9 -2 .1 -2 .9R -3 .3 7 .9R 7 .7R 7 .OR 6 .5 0 .2R 0 .8 1 .1 1 .9 8 .6 8 .OR 6 .7 4 .7R 3 .5 2 .7 1 .8R 1 .7R 6 .9 6 .3 5 .1 3 .8 ANNUAL 0 .3R -2 .3R -2 .6 7 .2R 1 .OR 7 .OR 2 .4R 5 .5 2 .1P 2 .5P 0 .8P -1 .6P 5 .8P 3 .3P 6 .7P 4 .3P I ---- --------- ------- - - -- - ------- -------------- ------------ ------------ --------------- --------------- -------------- ---------SEE FOOTNOTES FOLLOWING TABLE 6 . APRIL 27, 1983 R=RE VISED SOURCE : BUREAU OF LABOR STATISTICS P=PRELIMINARY 1983 TABLE 2 . NONFARM BUSINESS SECTOR, ALL PERSONS : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED REAL YEAR AND OUTPUT PER OUTPUT HOURS COMPENSA- COMPENSA- UNIT QUARTER HOUR OF ALL TION PER TION PER LABOR OF ALL PERSONS PERSONS HOUR(1) HOUR(2) COST ----------------------- ----------------- -------------------INDEXES 1977=100 UNIT NONLABOR PAYMENTS(3) IMPLICIT PRICE DEFLATOR ------------- I II III IV 99 .3R 99 .5R 100 .48 100 .4R 106 .0 106 .1 106 .3 104 .9R 106 .7R 106 .6R 105 .9R 104 .5 150 .6R 152 .8R 155 .3R 157 .4R 96 .5R 96 .6 96 .4 97 .2R 151 .6 153 .5 154 .7 156 .7R 136 .7 137 .2 140 .1 141 .2R 146 .6 148 .1 149 .8 151 .5R ANNUAL 99 . 9R 105 .8R 105 .9 154 .0 96 .7 154 .1R 138 .8R 149 .0 1983 I 101 .6P 104 .8P 159 .7P 98 .8P 157 .2P 106 .SP ----------- ------------------ ----------- ---------- ---------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 146 . OP 153 .4P ------------ 1982 I II III IV 0 .7R 0 . 9R 3 . 4R 0 .4R -4 .2 -4 .8R -5 .OR -5 .4R ANNUAL 0 . OR -2 .5R I 4 . 8P 6 .2P 1982 1983 0 .6 0 .7 7 .9R -0 .2R -2 .6R 6 .OR 6 .6 -2 .6 7 .2 6 .1P 1 .4P 5 .5R 4 .8R 7 .2R 3 .5R 5 .1R 3 .1 5 .1R -4 .8R 1 .6R 8 .8R 3 . OR 1 .0 7 .2R 3 . OR 6 .5P 1 .3P 14 . 3P 0 .7R -1 .1R 3 .3 -4 .0 4 .9 4 .5R 5 .8 5 .2P ------------------------------------------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1982 " I II III IV -1 .1 -0 .6 0 .4R 1 . 3R -3 .0 -2 .6 -2 .5 -2 .OR -1 .9 -2 .1R -2 .9R -3 .3 7 .9R 7 .6R 7 .OR 6 .5 0 .2R 0 .7R 1 .1 1 .9 9 .0 8 .2 6 .6 5 .1R 4 .0 3 .3 2 .5R 2 . OR 7 .4 6 .6 5 .3 4 .1 ANNUAL O .OR -2 .5R -2 .6 7 .2 1 .0 7 .2R 3 . OR 5 .8 -1 .7P 6 .1P 2 .4P 3 .6P 6 .8P 4 .6P 2 .3P 1983 I --------------- ------- ----------SEE FOOTNOTES FOLLOWING TABLE 6 . R=REVISED P=PRELIMINARY 0 .5P APRIL 27, 1983 SOURCE : BUREAU OF LABOR STATISTICS TABLE 3 . MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED REAL HOURS COMPENSACOMPENSAUNIT YEAR AND OUTPUT PER , HOUR OF ALL TION•PER TION PER LABOR QUARTER PERSONS HOUR(1) HOUR(2) OF ALL PERSONS COST ----- --------- --------------- - -- --- - ---------- ------------- ----------- --------------- ---------------------- - ------- -- -- --- --INDEXES 1977=100 OUTPUT (7) 1982 I II III 102 .4R 102 .6R 104 .4R 98 .2 97 .0 96 .6 95 .9R 94 .5R 92 .5R 90 .OR ANNUAL 103 .6R 96 .5 93 .2R IV 104 .7R 94 .2R 155 .1R 158 .1R 160 .5R 162 .2R 99 .4R 100 .OR 99 .6R 100 .2R 151 .5 154 .0 153 .6 158 .9R 99 .8R 153 .4 155 .OR 164 .7P I 106 .5P 96 .5P 90 .6P 101 .9P 154 .7P 1983 ----------------------------- -- --- - - -- -- -- ---- ----------------------------------------------------------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 1982 II -2 .1R 0 .9R IV 1 .OR 1 III ANNUAL 1983 I 7 .3 -1 .0 7 .1P -13 .8 -5 .1 -1 .5 -9 .6R -8 .8 10 .3P -12 .OR -5 .9 -8 .1 11 .5R 7 .8 8 .3R 2 .4R 13 .9 6 .9 -10 .5 4 .5 6 .2 -1 .5R -1 .0 -7 .9 8 .5 2 .2 9 .6 6 .3P 6 .7P 3 .OP 2 .4R 3 .5R -0 .8P ------------------------------ ----------------------------PERCENT CHANCE FROM CORRESPONDING -----------------------------------------------------------------QUARTER OF PREVIOUS YEAR(6) 1982 I II III IV ANNUAL -2 .7R -2 .4R -0 .6R 1 .7R -1 .0 -8 .0 -9 .8 -10 .0 -7 .6R -8 .8 -5 .4R -7 .6R -9 .5R -9 .2R 8 .7R 9 .OR 8 .9R 7 .5R 1 .0 2 .1R 2 .9R 2 .9R -7 .9 8 .5 2 .2 11 .8R 11 .6 9 .5 5 .7R 9 .6 4 .OP -1 .7P -5 .5P 6 .2P 2 .5P 2 .1P 1983 I ---- ---------- ---- --- --------- --------------- -------------- ------------ -------------- ---------------------- - -- -------------SEE FOOTNOTES FOLLOWING TABLE 6 . R=REVISED APRIL 27, 1983 P=PRELIMINARY SOURCE : BUREAU OF LABOR STATISTICS TABLE 4 . DURABLE MANUFACTURING SECTOR: PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(11) YEAR AND QUARTER ---------------- REAL COMPENSAUNIT HOURS COMPENSAOUTPUT OUTPUT' PER LABOR TION PER TION PER OF ALL (7) HOUR HOUR(2) COST HOUR(1) PERSONS OF ALL PERSONS -------------------------------------------------- --- ---------- ---------- ----------------- ------------INDEXES 1977-100 1 II III IV 100 .6R 100 .8R 102 .6R 103 .OR 96 .8 95 .2 94 .2 90 .58 96 .28 94 .4R 91 .8R 87 .88 155 .3R 158 .28 161 .IR 162 .88 99 .58 100 .18 100 .08 100 .6R 154 .3 156 .9 156 .9 158 .08 ANNUAL 101 .8R 94 .2 92 .5R 159 .38 100 .OR 156 .5 1982 102 .2P 157 .2P 165 .2P 88 .8P 93 .4P 105 .1P 1983 I ----------------- ------------- --------------------------------------------------- ----------------------- -----------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S) 1 II III IV -4 .5R 0 .9 7 .38 1 .5R -17 .5 -6 .4 -4 .2 -14 .98 ANNUAL -1 .78 -11 .2 1982 1983 I 8 .4P 13 .5P 15 .9 6 .7 0 .1 2 .98 -13 .68 -7 .2 -10 .7 -16 .2R 10 .88 7 .7 7 .5 4 .4R 7 .6R 2 .38 -0 .3R 2 .4R -9 .7R 8 .68 2 .4R 10 .5 4 .7P 6 .OP 6 .5P -2 .2P ------------------------------------------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1982 1 -3 .5R IV 1 .2R II III ANNUAL -9 .5 -6 .3R 8 .78 -12 .OR 7 .68 -3 .1R -1 .18 -12 .0 -12 .6 -9 .18 -11 .6R -1 .78 -11 .2 -9 .78 -10 .9R 1 .OR 9 .2R 9 .38 2 .28 3 .3R 8 .68 2 .48 3 .OR 12 .7 12 .7 10 .5 6 .28 10 .5 1 .8P 6 .4P 2 .7P 1983 I 4 .5P -3 .5P -7 .7P ---------------------------------------------------------------------------------------------------------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . R=REVISED APRIL P=PRELIMINARY 27, 1983 SOURCE : BUREAU OF LABOR STATISTIC TABLE 5 . NONDURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(12) REAL UNIT HOURS COMPENSACOMPENSAOUTPUT PER OUTPUT OF ALL TION PER TION PER LABOR HOUR (7) PERSONS HOUR(1) HOUR(2) COST OF ALL PERSONS -------------- ------------ - ------ ------------- ---------- ------------- ---------------- ----------------------------------INDEXES 1977=100 YEAR AND QUARTER 1982 1 II III IV ANNUAL 105 .1R 105 .3R 107 .1R 107 .OR 100 .4 99 .6 100 .2 99 .7 95 .5R 94 .6R 93 .6R 93 .2R 154 .7R 157 .9R 159 .8R 162 .3R 99 .1R 99 .9R 99'.2R 100 .2R 106 .2 100 .1 94 .2 158 .6 99 .6 147 .2 150.0 149 .2 151 .6R 149 .3 164 .7P 101 .9P 151 .9P 101 .2P 93 .3P I 108 .5P 1983 -----------------------------------------------------------------------------------------------------------------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 1982 1983 12 .0 7 .8 -2 .0 6. .6R II III IV 1 1 .3R 0 .7 7 .0 -0 .2 -8 .3 -3 .2 2 .5 -1 .9R -9 .5R -3 .9 -4 .2 -1 .7R 13 .5R 8 .5 4 .9 6 .4 10 .2R 3 .1R -2 .7R 4 .4R ANNUAL -O .1R -5 .2 -5 .1R 8 .8R 2 .5R 8 .9 I 5 .5P 0 .6E 6 .2P 6 .6P 0 .7P 6 .OP .. --- -------------------------- ---------------- --------------------------------------- -----------=--------------- .--------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 1982 II III IV 1 -1 .6R -1 ..3R -O .1R 2 .2R -5 .6 -6 .5 -6 .2 -2 .8 -4 .1R -5 .3R -6 .2R -4 .9R 9 .OR 9 .2R 8 .8R 8 .3R 1 .3 2 .2R 2 .8R 3 .6 10 .8 10 .6 8 .8 6 .0 ANNUAL -O .1R -5 .2 -5 .1R 8 .8R 2 .5R 8 .9 6 .5P 2 .8P 3 .2P 0 .8P -2 .3P I 3 .2P 1983 ---- ---------- --------- - - ------------------------------------------- ----------------- -----------------------------------SEE FOOTNOTES FOLLOWING TABLE 6 . APRIL 278 1983 R=REVISED SOURCE : BUREAU OF LABOR STATIS° : P-PRELIMINARY TABLE 6 . NONFINANCIAL CORPORATIONS : PRODUCTIVITY, HOURLY COMPENSATION UNIT LABOR COST, UNIT PROFITS, AND PRI CES, SEASONALLY ADJUSTED TOTAL UNIT IMPLICIT EMPLOYEE HOURLY REAL UNIT UNIT OUTPUT PRICE LABOR NONUNIT PROPER ALLOUTPUT HOURS COMPENSA- HOURLY COMPENLABOR COST FITS DEFLATOR EMPLOYEE TION COST (9) (10) HOUR (1) SATION(2) COST.(8) ---------------------------- ---------- ------------------- -------- ----------- ----------------INDEXES 1977=100 102 .2 102 .3R 101 .7R 111 .0 111 .1 111 .5 109 .4 108 .5 108 .7R 109 .1 107 .6R 142 .OR 144 .9R 147 .88 95 .9R 95 .2 95 .4R 138 .9 141 .7 145 .4 149 .6 153 .1 159 .6 141 .7 144 .7 149 .1 138 .3 104 .7 98 .8 105 .2 97 .6 136 .8 140 .2 143 .2 102 .1R 110 .7 108 .5 143 .6R 95 .7R 140 .6 151 .4 143 .4 101 .6 138 .6 101 .8R 102 .4R 103 .6R 103 .7P 107 .9 107 .8 108 .0 106 .2P 106 .OR 105 .2R 104 .2R 102 .4P 150 .9R 153 .2R 155 .4R 157 .4P 96 .7R 96 .9R 96 .4 97 .2P 148 .3 149 .5 150 .0 151 .8P 161 .8 166 .0 168 .3 172 .9P 151 .8 153 .8 154 .8 157 .3P 102 .3 139 .6 96 .3R 136 .5 143 .4 86 .1 82 .3 89 .6 83 .1P 134 .5 144 .3 145 .6 147 .3 148 .8P 167 .2R 154 .4R 85 .3R 146 .5 102 .9R 107 .5R 104 .5 154 .2R 96 .8 149 .9R ------------------------------------- ----------- ----- -- -------- ----------- ------- --------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5) 4 .6 7 .4 2 .6 -2 .3R -7 .5 -5 .2R 1 .8R 2 .4 0 .4R 2 .7 4 .6 -5 .2 -0 .4 0 .6 -0 .3R 0 .3R 0 .4P 0 .6 1 .5 -6 .3P 0 .9R 1 .2 12 .3 1 .6R 7 .4 7 .5 79 .5 12 .3 -25 .9 8 .9 1 .OR 10 .9 18 .5 9 .8 10 .2 8 .6 -20 .8 28 .4 9 .7R -0 .6R 7 .8 14 .3 9 .5 15 .6 10 .0 8 .6R 6 .2 5 .9 5 .4R O .9R -1 .8R 8 .1 3 .4 1 .2 5 .7 10 .7 5 .9 7 .4 5 .4 2 .5 -39 .4 -16 .7 40 .8 3 .0 3 .8 4 .7 -1 .4R -3 .2R 0 .7 -5 .6R -3 .OR -3 .8 -6 .7P 8 .0 7 .3 8 .2 6 .9R 8 .5R 8 .3R 5 .4P 3 .3P 5 .OP 17 .8 11 .4P 12 .8 6 .8P -25 .9P 7 .1 10 .2 4 .2P 7 .4 1 .2 6 .6R 10 .5R 7 .7R -16 .OR 5 .7 0 .8R -2 .9R -3 .7 ----------- --------------------------- ----------- - -- ---- -------------------- ------ ---- ------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6) 2 .0 2 .9 1 .7R 0.5 1 .0 4 .4 4 .1 0 .3 -1 .0 1 .4R 2 .4 -0 .2R 1 .8R 2 .4 -2 .7 -3 .0 -3 .2 -2 .9P -0 .5R 0 .2 1 .3 2 .OP 10 .7 9 .8 9 .2 9 .OR -0 .4R 0 .0 -1 .5R -0 .5 8 .5 6 .7 7 .5 8 .4 16 .9 14 .2 12 .9 13 .4 10 .6 8 .7 8 .9 9 .8 14 .9 20 .7 19 .7 7 .9 11 .0 9 .6 9 .7 9 .6 0 .7 9 .7R -0 .6R 7 .8 14 .3 9 .5 15 .6 10 .0 -2 .2 -3 .2R -4 .4 -4 .8P 8 .1R 7 .9R 7 .2 6 .5P 0 .4R 1 .OR 1 .4R 1 .9P 8 .6 7 .6 5 .8 4 .4P 12 .8 10 .9 9a9 8 .4P 9 .7 8 .5 7 .0 5 .5P -17 .8 -16 .7 -14 .8 -14 .8P 7 .3 6 .4 5 .1 3 .9P 0 .8R -2 .9R -3 .7 7 .4 1 .2 6 .6R 10 .5R 7 .7R -16 .OR 5 .7 --------------------------------------------------------------------------------------------FOLLOWING TABLE 6 . APRIL 27, 1983 SOURCE : BUREAU OF LABOR STATISTICS Footnotes, 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 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 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 . (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) 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 . * U .S . GOVERNMENT PRINTING OFFICE : 1983-381-806 :355 BLS News 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 U1 0 70 O-°0) CD dCD CD ®o CD C CD co 69 0 N (A O O N_ ~ r C.) 0 0 N 0 O ~ M, 4, s G rid F M, o V' t~a M r r+aa -0c Data A recorded summary of principal CPi, PPi, and Employment Situation numbers K 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. Bt .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 BLS data in other forms is available from the Office of Publications, Bureau of Labor Statistics, Washington, D .C . 20212 . CD C CD 0) w 0_ h is available 24 hours a day on (202) 523-9658 . ca B - -1 N 0 o~ 0C to r
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