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United States
Department
of Labor
Office of Information
L.J.
r~lc<>
~.o.
l:oy1o
Was hington, O.G. 20210
USDL 11_77
roll MtLu.sr, ll:OO
liednuday. J~n~.ry
(l02) ~2)_9261
(202) ~n-19lJ
(202) J))-1.l<!4
H,,",~
PR~V~C1IVIT'l'
I
r1~."~
Busin.... ;;onf$no
all
2~.
A.(D COSTS
l\uoin~ ...
and '1anuhcturiny Sectors
l)uartu 1916
(.nd ao"""l aveugu fo r 1976)
Fo~rth
Productivity 1n the PT1vate bualne. . .ecto r i" the f""Hh q... artu of 1976
Th!. quarterly B&e.
,h~
In "O"'.>f . C1 ... rtns.
.... lI .. t in a y.ar,
prnd~otlvlty
decl1ned
ufl~cte<l
O.~
Inneu ..
I~ o~t<>u,
:>ucent in the founh
.rui
~uutor,
Th • • lUi.tical uri . . jncl~ded jn t M. pre .. ulout f~fl~ct the ..... of
"." uaoon.al hcton I~ 'LS ut1""tu of ""plo),!,fl't .nd. .veraS' "u~ly b,uu.
The. . rlvioiono apply ca1nly '0 data for th~ laot ~ yuu, exoept for ",.~u_
f.ct"r1n~ ...h ... the ..."l<lo~. Q~,.nd ~.c' to 1947,
n.... the ~ ...artuly
""'.urn for tho ~rlv . . . buoln. . . uetor ond th~ OMfa.,. buo1n. . . . .eto.
(..mIen 1ncludo .... ""foeturing) con t ain ne" quortuly duo boo k to 1947 . the
.ff.ct o f the n"" dota is "",at apI''''"'''' in til. au.una of quarurl~ <!\.ong.
a. <""pound ann .... l r otn; c,he< ... toe th~ ~f!.<t of tho ne .... nonal het" . . ,
u.il othe, "ino< ioIp."" .... nt. tn ni.ttnt u r t .. , 10..,101'1101.
151
1~77
,
Table A.
Pennt Cha'4to at Ann .... l Rat .. in Produotivity and Cos's
(Seuondly Ad J~. ted)
I
S.etor
Pr<><luotl _
vHy
lIour ly
r~1t
'u'
Mourly
,~-
~~,
C""pen-
~"'
o&<lon
pens. .
!""
Third Quane .
1~76
"
Output
I:"un
fourth Duntor 19U
I'Rll.L'!INARY
P<lvne
".,
~".lneu
L'
),onl.= lluolnuo
- 0.1
U
:'onuheturlnf
-0. 5
U
Durable llonulo«".1""
:;"ru!uubl. H.nuf.etu rln ~
::Onfic.anoial Cor""utions
-1,3
..,
U
10.7
,..
,.,
Buolnuo
,.,
~onf ....
Bu.tn ...
u
11.I""I.o .... 1nl
Durable l'Ionufoc.u.ln3
~"ndurabh
Haouh<turtna
..,
,.,
..,
..,
..,
'.0
'.0
..,
,.,
U
U
....,,
'.0
u
U
,.
-I. ~
U
U
U
,. ,
LO
Second (\uartu 1976 to nird Q"",ur 1976
RJ:VIStD
1.1
Third
Nonfinancial CO<POUtlo".
L'
,..
U
'.0
0.'
fourth Ounter 1915
Priu u
,. ,
u
,..
.....,
"
~oun h
PHUMIl'AIlY
,..
'.0
,. ,
,.,
'.0
,..
,.,
>.0
QoJ."er 1915 to third
REVl~rn
'.0
U
,.,
",,"nor
,..
o. ,
197~
L.
...,., ...
>.0
•••
,.,
U
o. ,
Qua nN 1916
..,
U
R""h..l 'hird
q~.uu
... ~ •• uros for
doo .. I . . .ed • .:.l'y (Ublo 3) .
~,
'h~
nonfinancial c",,,,,'U e uetor
,,~ro
Fouub quarter "u.u' " ou . ,,,,. .. . hed In 'obI<
dH olh or" I!lv.n tn ubi . . i-6.
Private Bu.I ..... See to.
Pr<><iuctivity Incroued 1.5 percent In the prlvo "
btlaln. . . neto. In the
fou rt b <tU0rtu of 1976, oo output Ine.use<! 3.Z percent .n<! h""," of 011 penon .
Inc<cooed I.J percent .
~ut
outpu~--aM
,hu .
In ,ho thi r d q".ru •• tbe'e I\o d bun no incu. . . In boun.
PtOd~etlvHy--ln<r . . . ed
Tho fou'th
2 . 9 percent.
~". rte,
!ne"'.... In bou," ,.tlecud prl .... rlly 0 ,ob In ovorago " .. ~ly bo".. (up 0.9
c<u) ,·!'h • .,.... ol,n.-\n, o f "",pl o)'lllent
~ r o"th , ,, ~Ieh
>;Ilh 0 1.1 puc,n. rl . . durlr., ."'" ,bi.d
I~ou r ly cOlCpn"tlo~-_Hch
~r
1ncu. .od 0 . 7 porcon t. conp.ud
qu. "er.
Indlld .. the hourly coot of "OH "
.nd .,lo d . . .
s"Hh.. er.to . OM "'ploy". eon«ll><I<1ono to 50cld Soc II .. I" and othe< _ployee
b .. neflt p!.no --Incnut<! 8.9 I>Oreent In tho fourth quo"''' ' of 197(. , tho r . . t . . t
c.to o f Incroo." sinco H .• !irs,
~uu'u
of 'bo yur .
",,"-,tly e""'po".otlo" ,d1uotod for c ha nge. in
Rool hourly cO<lpenutlon - -
t"'" c<'n.u_r
Price loon (CPI) --
Inc u .... d 4 . 1 percen. In tho fou rth quorte<. c","porod "lth. 1.4
du .l~g
p ue~n'
inc .....
the .bI.d quor'or .
l'nlt labor eo""
"hle h
. e[l~ ct .
'he In',,"action of p r oductivity aM houTly
cCOIpon .. tion "ov.., on. . , incuuod 1 . 3 pe rcent In the founh q .... rt e l". tho blg""'_'
r oU of Incroue.ll yo ...
taxu,
d.~ . .d . tion
L"nit oonlobor po)lll><nu which Includ. Indire'" "".Inoso
o n"".nc . . . nd profit<, \nc r . . .od 2.1 poteen"
• 2 . 8 percent Incro. .,
eo .. parod "i.h
In th t hird q~ .. 'er.
Th. lapHClt price d oflator, " hleh 011<>"," th o <""blned etro'" of cl\ongu in
unit hl><>' eOot ond no"Iobor ;>oY"."tI. I"cre. . .d 5.5 percent In the fourth
c"",pored "ito .. 3.9 porcont ino ...... In .ho 'hl,d quorte r .
~uart ...
,
eo:opuood v1th tho f<>ur,h
Output v,. 5.'
perc.~t
q~ . . ' u
of !9H. p roduct ivity lin up 3.7 pucent,
hlghe, ond hour. lncr ••• ed 1.6 percon..
Hourly couv-n •• tlcn
rou 8 . 5 pucent, ond , •• 1 hourly <cercone Ion IncTuoed 3.4 pucent.
The
'onf.~
&,,010,"
Unit bbc"r
Soctor
Output per hour of aU PUOooo ongogO<l In the nonf . .", ."olne . . . . etOT de_
clined ollgh.ly--dovn 0.1 percent, at on onn"ol '0'0--10 tho fourth Guo.to., ••
output Intune<! 2.7 pucent .nd oouu rose 2.8 percent.
A .,oU productbtlty
<lO,
fu, er-tUT.d-&,,,,,,h --
dedlne of thi. natute 11
"n<o=on o!te. 0 p.<lod
¢f
• olll.lIu decline ,""ureod In the feu«h quutu of 1915.
ibi. ,,&0 .he ..... Uut
quarterly IncTOn. In output .1nc. tho But quutu of 1915 . and the hrgut
Inc r u u In hou . . dnco tho flu, quarur of 1970.
7 quart . . . . . nd noun have I''''''' for the p. . ' 6.
o..tfIYt has gT"""" for tho po,.
1I0"ovu, .ho Incrouo. In hours
duri<>. tho noond and t hird qUHto<o--0,6 perCen t and 0.3
uiat1v< '0 tho &r"".h In
perce~t-..,,·uo
..,&1.1
ou.p~t.
Productivit)' """"",eMs in .ho non£or.o business . ector diffor trOll the ,""ve"'~nto
In
• ector,
'h~
.ntire
prlv~to
,,~eu ~uaTterly
bu.lno .. u«or
h~cau ..
of the "" l ui.", o f the £0 ....
ch.oc.gu In p<odu«lvity .nd 00." 'e".d to be luger .han
In the nenhno ooC'OL
Hourly
~itb
c=p~nsat1on
lno ... ,.d 1.6 pH<nt In th. fourth quaTtu, <ompand
a 7.2 por<ent l~cu . .e In t~" thled ~".nt"<'
pue.n, Oto h ..
n.
Unit bbor
<0",
lnc«ue<l 7.7
The all Jur), and tbe 1.oIpl1oit prloo dofhtor co.o 6 .6 per -
eeot (IU f .. a .. rl . . . Ince the !irot
Incr ..... e<I 2.9 percent,
C""P&"~
~u.lrter
of 1915) .
hal houcly
«'''p~n .. tion
v Hb. ),0 percent ,I . . ID the , bird quarto r.
Tho )'... n~f_cturlng Sectors
I'roductivlty <I.dlned 0.5 percont In th.
,..nuhct~rln8
quarter. roUo-ctlnr, _ 3 . 3 porcont docline In ,h. duroblo
. .«or in
~ood.
.b~
fourth
producti"S l"dustrl. .
~~,
.,~,.
,U~.!V!
~pnoq
' ~ .. ,
',o,an~
P.!~4'
oq, liup,,(!
',,,~, ••
ul) ·,u.)nd
q"~
no> ""p •• ~od<w,
8 '~
• • 0. 100) , oq'l Hun pu ' ,,,o,,.d l'ot"no.
' ,u~'n '; ~ ' t p"u~p,p
,nd,oo 0'
~.o ,
", oq ,
~ ... n
.,
" ,,~,..d ~ ' t
I'"
_"o'" " pn6!\
,nd,no
~4l
d
uonu~.d
~Iuo
poq
'wo, n d g "1 pon.. ,,,, unoq pu. ,u.,nd
!'~
OlMq ' n 4" ' , u3).!Od 9 "1 pooNnul
A"A",npo,d
~'( ~,~
" 0""
'Iq., npuou oq, 01
' .!On'"
.!o,Jono 0"0 O" H'OP ,".,,.d l'1 •
_ """
IN~
APno4
","0',.. 1 "9 po...
p.nd=o, ',,,.,nd
~lJ"
",,,!
~" !
no. uopu",d
uop,."odw>, A!Jnoq . . (H61 )0 .nunb
lUll oq, ",uJ ••••• nul '''~.!'1 "1) "",. 0. l'5 no. 100' ",q~l """I
' >o"vnO ~.!'4 ' ~q'
""'J
po:lu.q>un
~n",
. ' M4
An""
OJ.JOA'
puo __ oh "'A • "':00'1 p.... "", .,u,_ n .. '''''''I' . " ,. lI" ql'-- "'Hn~
~"no)
-4'1" po • .:n),u .!OU"""
"J~'nn~
,,~~
' • .!noq uJ
)'il ul "o,l 0, p.n""uo, ,,,,,,,,",oId".l
4 ' ~MJ
q,n '''O)HJ [I "04' ;W><l
P"'I 4'''0'.:1 ,nd,"O
~uIP'P
04' J"
""."JOd
~~ I'.ah ')
~ " !
lJn' q.
",£6!;0
UJ ,uo"od
" '''00,;0<) ?'O O.OJ
'Iqunp
0', p•••• "", ,noq ,od
un",!
'1''''
ov
,~
~UO.!l'
N)
~~,
"!
""J'u ,"O" ~O'
''i'
"I O. . ~l)U! ,,,.,.!ad (" 9
, "t pon.nu,
"o" .. ".dOlO)
~nn " ,~u'A»
""">l'U'''O' 9t61 n u mb P'14' "41.\q
,,,oCl.(Old"l
.~, ~"IPO, . . d
~~pn,'.)nuou
00°1' 000) ,oq" 1
~~pnll.jnu ...
PO' In.., 4 'H"
'(~a.! l.n~~,
1O'jj oq, O' ~I' U<>' ,0q " I lion 01 nn.!,,,, ,n~Hl
>Ol.!cn['
" P~u'P'P ";lIA,,'npo .! ~
Ol'i!
!""
.,.,no"o=o, • ,M
• .!no~ ,nq ,u.,,.d 6 ' 1 110) ,n d ,no
, . "O~)"<l C[ P.UII'.P ."hJl,npQ.!d "0"'"
In"
~~,
.. .,nno 9
po'OU)~1
",~., •• ci
~ju.q)
.!"~I
~v
no,
UI
AI'''''11
put ',u."od O'! dn u"
,.~.\
• p.,dnn.,,,,
u"
pu. ~t61 , 0 n ' .. n~ P'I~ ' ~l "I ".hq 4"4~ puo ndn u. ~",,"nn' ' (n"on, ?.!jq'
~n
ul ~"II>~ P
I! " )0 .,noll
0'
",,,.,,,J
l u .~,.tl'p.
,u~'nd
~~,
'"Olnu
~ " ! '
~ ' O ~1
0, ,oo"uo) 01) ~~'''n' 4"noj ~~, "'
("~ )<> •• U»Ul
pOJJO!
~
"ou •.!
~""
p"o In,h"o "I .... ,'u,
.!OJ OUjP'P "'IA)l,n;>o,d Il ....
,<>d,no
~<u
,
n,nnb P'J4'
o~,
~ •• ~~,u,
'41
unoq "I
,~.,,~d
1'1
ouo.nd
ponl"',;l~,
.q
~ P~'''IJ. '
"",J
"UM4 "I
~"O.!)~1
"104" . . . .
"Ulq • .! npuOu ul .... ., Ul
,",,~",I
• .!noq
"ol'.~
l"t
p<I~
•
fiut qUAHer of 1915).
n.pio)'1>Ont <las
.",,,."'~.t lar~N~ - ur
0.3 pucen, fT"'" the
puv!"u .• quarUt __ .nd on case w.ekly I>ouro Increased 1 . 5 pucent.
docl!notd during th. third
IIoth ",u.urn
~uarto<.
MM>! Rov!o .. of ProductivHx and Cosu: 1976
Produc t ivity
~Tev
footer In 1976 'ha n 1n o"y ru.T .tnee 1962.
l:ru.lnuo oector, out?'.1t per h"'J< of .11 pu.en.
doubl. the
~r.,.
rat. o f Incr .... of 'he ?Tecedln~ y.~r.
In
t~.
pr!vHe
th~n
4 . 5 percent. better
Outpu, .n~ hourI of d l pouon.
aho
tT'" olr.nHleantiy
y~u
A' ~ "holo--b the b TU$< !ncTuu o lnoo 19(·$, and th~ 2.) pe.cent Increase
~urllllO
tile leoT.
The rI ... In nutput--,.f; percont tO T t~.
I,. hOUTO [>Old for ,",os .he blre •• , InCTU .. olnce 1973,
th ~
The reoc>vuy fron ,he l"w ucet.lon 1o-ye1. of productlvitv r."",h of
• .o t J
yuro--rroductlvit~
coot """· ... en'" .
I~< .. au.
up 8.2
.«yoUy declined In 19H-.....,ao do" ovident In .he
In 1976. "nit I.bo, ooot ["ouned
av.raslnr 9 puc<c.t fOT th. 3
r...
r~<o.nt.
pTece<lln~
J.~ r ~~<.""
yun.
o""o~ •• d
"Un
1'0"Tly c","pen.atlon wu
["pHd. price deflator 01-., po.te<! !t.
"".Uu,
incrus.
In) yun (up 4.6 penen,).
Reol <","pen ... 'IQn r'"
In 3 yuu)
uflKtln~
heur [ncHue<! 2.3
,n" "'O<lernl",
~r" . 'h <>f
p~roen<
(0)00 ,h.
bi g~u ,
,he CPI as "ell u
inc .....
[J'e increa.e
in hourly o","penoation .
In the nonf ..... bu.l". . . uctor, pr oductivity Incuued " . 2 pOTeent • • lso
the Insest .nouol
cent I" 1975.
,0,.
In<T<u~
Hourly
3.6 peroen '.
oinoe 1962,
o""p~ut1on
In oontr ... , pT<>duc,lvlty rooe 1.6 per-
lnuouod 7.9 percent, .nd unit labor oo.t
thiS wao the "","11 . . , r ise in "oU labor CQ"' .lno. 1972.
Real hourly cQnpo" •• 'lon inore • • ed 2.0 penon' In 1976 , I,.
• Ince 1912 . . " ell .
avua~ed
Pr oductivlty,tovth in the ""nf a no
bl,~ •• t
Inorea ••
~u.[n . . . . .ctor
hu
<.S ... rOOM annually tr "" 1941 to 191), the lone ' , <o" th of 1976 rofleet.
the .ff.c,. of the .co~ic exp.n.ion foll~ln& 'h~ recon' rece •• lon .
,
_co lncr~an 0100* 1963.
~ ..... ldQn.
The hs. rlae of productivlty--couphd ",HI> to" !O\Iut
in Suoo""l Fatton
u •• In ad.lu.tin~ etIIplo)'l>~n • • no! av" ........ Uy I>ouro ... 1...
Since productivity
ancl coot ... I n are .... e<! on houTa " . "ur .. "hleh OU ,Heot...:! by t~u. ,evlolono,
,he fQllo"ln~ ... whtlon 1llu.tutu tbe ... ,nltode of
the n ...· ..... orutl h c.oro.
n .•
ch.ang .. Introduced by
The .... nuH. In U.blo A and table 1- dlf[u olnce the
Eeoc.",,!. Andy.lo of the U.S. D.~rt_nt of eo...., • •• fo, 'M t~lrd ~u.<tN of
1976 and uHn_nu In tho law, Input ...... " ....
Pr oductivity and hlued Measu . . . , Puce,,'
n
~!e . .uu
Productivity
Unit
u~,
PHvla". Qunt ••
Annual 4.0 , Private Su.I"... Sector, 1976
,
()~IGlNAL
,..
,.,
1-
REVI SW
,.,
,.,
Cost
~"
Cll.o.n~. {r"",
".
'"
ORIGWAL
..
,'"
U
I" ~EV l SflJ
m
ORIGINAL
I
r.EVISru
,.'
,.,
,.,
..,
..,
.2.2
""
"."
,. ,
\I'OO!'lIOTES, TA1ILES I TO 6
SOURCI: OU'pu t dot. fro. tho Bu.eau of leone-Ie Anoly.I., U.S.
of ~ • • e. Ind tho rede,"1 ~llro. Sol .d. Compen... lon
ond hour. d••• f.o. the &u.eou of Laber Stotl.tle., U.S. DlplrOo.n,
of Laber llId thl &uno .. of f.(:01>CIIIle An.ol,01 •.
De~rt.ent
WI~u . Dd
(1)
... 1.0.1. . of _ploye . . pi ... _ploy . . . ' contributlono
for locLo1 Inoutlne. oDd pdvo.e bendl, pLons. EUlp. for
nonflnancill <o.perltlenl, where tho.o "'e no oolf-_ployed,
dlto 1100 indud . . on . . tiM . . of ... ~"", ... 1.0.1,,", IfI(l oupp1e.ental ~)"IIen •• for tho ulf-_ployed.
(2)
Co.pon."tion po. hou. Idj .. ltod for ,hlns.1 in .ho ConlUmer Price
lrulex .
0)
""nlobo. PI JlIIOO'" include p.oU .. , dopnc1atlon, loUr . . t, rentol
IfI(l lndi,..t tax . ..
(4)
Curren' doll i r 8r". . product divided by conotoo. dol Lo . 8'" ' '
prod uct.
(5)
Por,"n' chanse compouDded It Innual , " tl fr"" original do to
r lth~ thin ind.. ~be'".
(1)
Qu..... ly .... . u . . . . dj .... d '0 onnual eo,taa ... of output (, .011
produ.t 0 . 111".,1°1) fr"'" .he Bureau of !:eo""",!< An.o.I,IIo, tJ .S.
tJlpo .... nt of Cemmo ••••
(8)
Unit I>OnLobo. co . . . include dopncll Uon. in,unt. I nci Indl • ..:t
tou • .
(9)
TQ'ol unit co ... t. .he ,,'" of Lobo. aDd non-Lobor co . ...
I"""".
(10)
UnU p."ftta include co.porl" proH. . I nd I",,",'<>ry ""1,,,,<1on
Id,,,a"e n ••
(11)
The duroble .ector Includ .. th foU.",I"" 2-d1;1. SIC 1ndUHdu,
p.1aar, metol: hbd.lto<l .... 1 p.oducto; nonoloc"icil IUchinery;
o1e"d.a1 . . . hlnory: ,,"n.portotinn equlp-.ont; 1n....... en. . ; h"'b~.
and t ....ber pr04uetl; .loy. ,1,,", Ind .. one produc . . , furniture ond
tu.u . . . , Ind .10<011.onoou . . .nufoctuTu.
(12)
The nondurob1e Il(:tO' i""lud .. the hU""inl 2-d18tt SIC 1nc1"o •• I . . :
t01,no .111 product., Ip~ . .1 prod". . . : leather Ind lelther prO<lucU:
paper and paper p . odu"I, p . lntins and IXIbU.hlnu eh_Iell. Ind
<h_t.cll prod"""., petrol .... prod ..... : rubb . . I Dd plo l ti. p.oducto;
food.; ."nd toblOCo p .od". . . .
.,
..
.
OU· . . U
~
''''~
I'n.
un
."
,
'""
"
'-""
,
'""
.........."
,
'"""
,
'"""
9 1~
19 ..
H.
'OO''OI)'U
•• .... HIMJ .....
~U' ••"
." .
,.
, ,,,~
"
,
.,
,.
,," ,
:f ~
...
'",.., "'"
.-.. .• '
.- ."
~c.,g,
lI
... ,"-
, I,.'·
"
...
en",
, ,.
"'_.
, ,,~
101,1
"
III.~·
Ill.)II
11_ ••
Ill. ,
I~ I • ~
Ill."
",. ,
1/' .1
0 . ,
!I •• '
,U,I.
.....
...
.. ,
-11 • Z
• ,l"
10. ~
'It , l~
,
Ih.IP
"~I
"".,
'.'• •
I~
~
>.'
-1 • 2M
·'oJ
].2"
,,
, "",.
...
III ."
,n .•
' ••• 2
, I , .8
101. ,
, ••• 1
" l . SM
I.
"". ,
"' . 0
.. ,.
,..
'.'
..,
..•••,
. ~.
,n.
,~
..
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"'1"',,, III l'-II.
""'ST'C'
CHRRT 1 . PRODUCT I VITY . HOURLY
COMPENSATION UN1 T COSTS RNO PRICES
PRIVRTE BUSINESS SECTOR
( PERCENT CHR NGE FROM PRECED I NG
QUR RTER RT ANNUR l RRTE)
.,,
.,,
'
,,
,,
,,
[------------_!_-----------_._---------------------------.------------ -----:
,
OUTPUT PER HOU R Of
,
,,
,,
,
,"
I1LL PERSONS
,,
,,
,,
,
""
is
"
",
0
,
,
,"
,
,
,
-- --- ----- - --~-------------~-- - ---- - -- - --~----- - -------:-------------~-------------
::
CONPENSI1T10N
HOUR Of I1LL PERSONS
,
------------ -.--------:
,
UNIT LI1BOR COST
,,
,,
"
,,,
,
,
-,
..------ -------"
I~
B _9
,,
,
,,
------.--------- ----.-_
,, ... ----_ .. --------------,,
,
0
20
",
,,
0
,,
,,
,
,,,
,
-,
-_._._ .... __.,._._----_.
:,
._---_. __ .. _._._-_
.
",
is
,
-.-----------,-------------'--------------~ --,-,,--""Jl-- -------.---,--
,,
,
~
is
UNIT NON l l1B OR PI1YNENTS .------- -. - ,,-" ------. ---0:--.
, ----- ------
,,
,,
,,
,
..... __ ..•.,, _------- ------,, -------------.-------------.---,,
,
,,
,
,
,,
:,
,,
,,
,,
"
2 _,
,,
,,
,
,,
,
,
"
25
--- -------------
---------,--_ ..... __ ..
"
20
is
",
0
--·---------·t------------- ,---- .. ------- ~" .. --.--...... :-....... -.. --,---..
-----.---:------.------,
,
INPLlCl T 1'11'1 CE OEfll1TOR
,,
,
,
.-----.-.----:,,... - . -- -- .---~-,, ----.---.----~.------.--,,
,,
,
,
---------.--
-,
ZO
is
",
0
19'10
•
19'1 I
19n
1973
1914
1975
1976
J RN 26 . 1977
CH ART 2. PRODUCTIVITY. HOURLY
CO MPENSRTION UNIT COSTS RNO PRICES
NONFARM BUSINESS SECTOR
(PERCENT CHANGE fROM PRECEDING
QUARTER AT RNNUAL RATE)
1
1
,
OUTr UT PEl'! !'IOUI'! Of FILL PEI'ISONS
-----_._.._...,,_.... _-_.. _--.. -----------,
,,
,,
,i'
i
"
..-------------._----------------- ,
"
'--:::---::::::1',;----'1':-----''I
,
.
IV
:
'-0.1
._ ....
,, __ ......._..
.
""
""
""
,,
5
0
~
'
-5
"
i
... ---- -----·t----------------·--t······-···----t-··---····-··
·:
,.-------. ----- -t-------------t-----·
,
,
,
.
,i
CO,t'lPENSFITION PER HO UR OF FILL PERSONS
,
--·------·t-------------i------------,
,,
--------- -
,,,
,,
,
UNl T
:
7.6
---------~------------.
LPBOR COST
,
.__......
,
,
,,
,,
,,
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.
,,
,,
,,
,
,,
,
-_._---_._,.-_._--------,
.
.
.
,
:
:,
,,,,
,
,
,
,,
.
.
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--r--.----------r--·--------·-l----·-----·---:··------·---,
.
.
.
.
.
[--_ .... _- .................
·,
,
, ------------ ...---_ ... _---_ ...-.-._--_
... __ ....,
--- ...,-. __ ._------,
,
,
:
•
,:
.:
,
.:
.: I V
[--.- ......i...-.------~----------- ..-~----------- ~---- ----------. -~--------~:-~,
:
'
i
,
,
I
,
·- - ----- --l--- ----------t------------t--;-,-~~~~-r--·----------j--
"
:
UNIT NONlA60R PflYMENTS
:
;
i
i
:
:
:
:
"
,,
,,
:,
:,
·
,••.........•.-t
,
.
. -------------.---------:------.--..
..•----.-----:.-----..
----- ,-------.--.. -"t--.~
!
i
!
IMPLlClT rR :I CE OEFLPTOR
"
•
•
•
•
,,'
··········---f---·---------+------------f-----··----'l-r-.-.....
-..
~ ... .-...... , ..... -.. --- ..
,
,
, .
.
-~
,,
""
1970
197 1
i
1972
-"
"
j"
l
5
,,
,
r······---·-·-j--··-----·
--------1---
:
I 9'1)
19'14
0
25
"
"
J "
j
5
0
-5
"
~"
25
20
~"
j
5
0
-5
20
"
"
5
0
1975
1976
J flN 26, 1917
--
CHRRT 3 .
PRODUCT I VI TY . HOURLY
COMPENSRTION. UNIT COSTS RND PRICES
NON FJN RNC JRl CORPORR TI ONS
(PE RCEN T CHRNGE FROM SRME
QURR TE R R YE~R RGO]
OUTPUT PER ALL-EMPLOYEE HOUR
-------------.---.-.----.. ...-... -.---- -------------.---_._._---_ .•. _---------------------_._.
'"
:
: : : .
2.5
~
~_:7""4!==~=::;::::::::"7':::::::::J'7//LL~ t
COHPE NSA TI ON PER PLL-E HPLOYEE HOU R
•
·
.•
.••
.•
•
.....• ......
•
• _--------------.-------------,.
__ .__ .__ ._---"---_._.
__ ......
•
•
,-
·••
..•
•
UNIT
NONL~60R
1970
"
"
,
/
-. -
,
..'" , ~ ::
PRYMENTS
••
••
.. - ---_ ....
<
~ ,
- ,
---......... t- .... -.• -.---
••
••
•
:•
•...
•••
••
~
"
"
l
'" "
UNi T LABOR COST
_. __ .- ._-._-- ,._-------_
•
.......
• __ ....-._-..
• __ ..........
•
,.,
'" J
.. ..... -- ... - ..
_
,"
-,
IMPL ICI T PRICE
OEFLATO~
•
• _-- _._ .. --.- ._---- ---,- ._---_ .._.. __._---_._-.-•• .........._- ---------_
....•.
'"
•
•
••
•••
\ 97\
••
•••
•
1 9 /2
•
•
19'13
197<
1975
1976
JRN 26. 1977
"
CHRR T 4
UNIT COSTS . UN! f FR OFITS. ANa PRIC ES
NONFIN~NC"F ~
C~RPORRTIONS
[P ERCE NT CHANGE FROM SAME
QUART ER A YEAR AGO)
------- -------t---------,
,
" ,
,
..
···t·
...
'
1
,
,,
,
,,
-+--,
. ,,
..
----- ,-, --- ------ --- -,-. -------- ---,-, ----- ------,,----- ------- , ---- "
l'N J T
... __ ._.
I
------- ----.-,, ---
· ---- -- ---- -------------{-------------{-...... -- ----- --_._--------------------------._ ----
!
,
, ---- --------.------------,,
._------------ --------------.-,
...
I
----- -1-, -----------,----- -- ---- ---t, ------------
Uf' J T
NONlR~OR
-
-..,--
caST'
,
:
_____ _____ c __
,,,
,
-----------_._---- ------
,,
;i;
,
:0
,,
,
,
·--------. ---.j--. ----.-- --- ~- ------- --
---+-.. ----------1------------- i-------------f --------I T I'
=+__
r' -- ----- -----t-------------{--------------to------------!------------. ----- -----. ---t.-
...:::=::j.:;.~
......;:
...~±
. . .~. . .=.~_. ~
. _. .:.:.;:.:J
....
,
TJT~L
UNI T COST
4 _5
~-=-_.
,
:
•
•
:
:
Ji
-------------1-_-----------,-------------,-------------1
--------------1------------+-------.---
.
.i
.
,
,
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---: ------------ "
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,:
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1
.
.
"
.
,
-_ .. _------- ------------,
------,
--- -------,, ------------,, -------------.-----
,,
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----.-t --.
--+--
-
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,
+-'=--'--
-
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]
'
__ _____ , ___ __J" __
~
\
i
L-----'r
+-;I----i- - -
~
......··+ ............
,
• ---..~~.d_ -i---- .-----. -. ~---- --.-------~ ------- ______ 1___ ___ _
,
,
I,
1
_~.....J.,1 ~~...L.~~.L.~_...L~~o.L,_"_~.L...c~' .~
:9 7 ~
ISil
19 7 2
IS73
19/4
"
19/5
1975
JJ<N 25 . 197?
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@FedFRASER