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United States
Department
of Labor
Bureau of Labor Statistics
..-
L.J. Fulco
K. D. Hoylo
btt~~
~
Washington, D.C. 20212
USDL 77 - 377
FOR RELEASt: ll:OO A}1 EDT
lIodnuday, April 21. 1917
(202) ~H-91M
(202) 52J-I91J
(202) JH- 1l84
PRODliCTIV!TY ....'" COSTS
Pduu Bu.!n.... Nonf . . . Bu.!" ... . and Kan u racturlnJ SectOU Hut quaT'*" 1971
(a"d dat. for
Nonrin.ncl~l
Corporations , fou r th Qua'ter 1916)
Productivity In 'he ptlv.u busln . . . . .etor I"cna nd 3.2 percent (at . . . . ",.".• 1I~ adjulted .nn .... 1 rate ) In the flro< qua«u of 1977, aeeo r dlns to puUminaTY
rot .. l .
In the pucedlng quu ur, produethl<y lneruud 0 . 1 puce"t .
In the nonform bu. in ••• '.ctor, output per bour of .11 per oons __ productlvlty __
Ine r ..... d at
pu<~t
&
<.6 porcent annual ute, reflecting r1 ... of 6.4 "",tcent and 3, 7
In ... tor output and boun, r upo«hdy.
In tho founh quarte< of 1976,
productivity declined 1. 2 pucon< in 'hi • • octo•.
In ... nufootudn!l productivity declined 0.1 pucnt fTo. 'he founh quatu.
of 1916, AI OUtput ucl ,"",TO rue '.2 pucent and 4.4 pC<oen<, "'pCetivdy, in
the fl . . . quarter of 1917.
In 'he preceding qUOTtU, procluetivity d ,. dined 0.2
percent In ..nutactu.lng.
A .u...... , of flu, quarter -...""ru __aod founh qua.rur 19J6 aoveDento In
the nonU""",,1.&1 co.porate . .etor, aho . d......! 'oday--appeau I n ublu,. and
B; de 'ail • .,111 be found In tablu 1-6 .
Private BUllne •• Sec to.
Productivity !<><:.u.ed 3 .2 percent II. 'he fi ... quo" .. AI outlN' TO .. 6 . 2
pucon< aNI he" . . Incruled 2.8 percent--at annual rou..
In . .eh cue tho flu,
-:!-
Tabh A. Puar.< C!\;tn~. a t
Scno,,",lly Mju.to~
Ar.~~.!
Rat .. h
Pt:Q~ucto,,1t"i
and Couo,
'""it
Fourl.y
eomp.n-
PRn~INARY
~..l
Sec:or
Hoorly
hodu:tidty
Co,"?'''Soi''O~
fo~r<b Qu~r: ..
Ptlv...
~onfH~.
Su.(~.u
Bu.ic....
~.anuf.etur1n g
[)uubh
KonJuuble
3.2
10. ,
1. 6
LV. ,
.
",
U
•>
LO
11. Z
U
.J. I
.0.3
J._" ._
:.5
1.9
,,_.
Q-~~nor
B~.i~ . . .
2.J
S,;:
Nonia ....
8~0I"u,
I .!
D-"ubl&
3. G
,..
,. ,
Nonduubh
U
9.~
,,1
O. ~
,. ,
1976
Output
H,,"~u
u tio~
~H"
"!'trst Quuur 1977
..
hint.
1976
, _
-v.
FiU:
lIar.uhoturin;
.,
Lo~~
Flut
"
S.
~
..
,
Qu~ner
..,
'-"
U
'"
...
U
•• 8
U
~ .8
1.0
U
U
'"
,. ,
U
J, .1
5.4
1.77
U
U
'"
,. ,
..,
..
U
,
'"
,.,
U
'.0
-o.!
QUHur I~cuu .....
Inu ....d l.3 perc ont
tho larsu. In 0 yur.
o~ d
In th.
puc""j n~
quotar. oucpu:
hou . . r o •• l.1 percen' • • 0 t b.a t productivUy ro"" 0.3
p.rcoM.
Hourly co .. ;>on. . clon-....·Mch includ. . tt.. hQur l y coot of " a,u . . . la:I ... .
suppl ... ental ... pIQ,.,ont b...,efl,. and "'ployer contributions to _ploy . . bcndU
plans--Incr....d 10.7
perce~t
In the fl .. t Quarter. the lo r ,.ot . uch incr ....
• lnco tho flut q""rt •• of 197 5.
pucont.
In tho proc.dlng quorter . theu cc.ts ro se 8.2
Rul houri, cOlOponut1on--hDurly c<>1llp.n u Hon aclj u.ud fo r ch.onS" In
the Con,u,"er hlee Ind .. --l'Ooe 2.4 perce"t, oo.puod ., Ith. l.S percont Inc .....
In tho fourt h quuur of 1976.
Unl< labo r coot-..."hlch afl."," """vo,..nU In hou Tly co.penoaHon ond pToducHvl')·--In~r ea .. d
lncua . . In the
o~.r
t ha
1. 3 po".nt in tho fI ... Quarter, compand "lth on 8.0 pucon:
pacec!l~g
p.o~lou.
qua"er.
In 1976. unU labor coot incro. . O<! 3 . 6 p.rcont
yoar .
The i:coplic H price deflator, "hick
~n1t
.ho".
tho co .. hlned off.ct of
ch.o~ . .
In
loboT coot a nd unit nonhbor p0Y"ont •• Inc .....d 5.5 pncent In the fi •• t
qu . . . . r - . t an &nn"",l uu--the lar,u . rIO . In .his ... nuTO .Ince tho
q.... r . .r of
fo~rth
l~ H .
Co"pared "tth .he .... Quarter a yoar a,o. productivity boa tncuu.d 2 . 1
pueont. "hi t. outPUt a nd hou . . . . . up • . 2 pucen. ancl 1.9 puce""
Ho~rly
cOllpuoa,ion I. 8.2 porcont hi,he<, re.t
ho~rly
. .apectivoly.
co.pon ... tion 10 up 2.2
poreen. and unit labo r coot 5.8 percent h1,IIor t h.on the tlUt GuaTter of 1976.
Nonfa.., Buoin. . . S.ctor
Produot!v1ty In the nonfa,.." bu",no .. .ectOT ro .. 2.6 percon. In the firo.
~u •• ter.
eoaparod "Ith • 1.2 porcont d. elino on. Qu •• ter e.rli • ••
The ine ••••••
In output ar.d hou .. In .he flut Quar.u--6.4 porcen. and 3 . 1 p.reont. rupectJvoly--
""t.
t he hTl n . in • y .....
H~~rly
oo",.onoation
In ., p""oec.t, ,he h r su<
' ~H
"aHeTly r i n in thia
.lnoe tho flU. QU,"'u,,! nn . ''''''pared "it~ a 7.0 .~«"". ,noreas e On.
u d n
~u.<t.r
oullu.
Rood hourly corapec.Utlon
inorea .. th.n the 2.] p.<eUt rio. cf H.
~ou
1.9 pucont, • • ~u"hat ..... ll.'
?avl.o~.
O<.tHOU .
Th. '''pl.d, price d.flHcr for n .• •.onhn> bus ln o . . set.or ro .. 4.2 porcont •
• he ..... lI.n o. ch inc.u .. ob« ,h& seconrl q".tUr o f l . . , you.
Th.
~... oufattHbj\
5.«or
Prod~~tl~l,~
oo;:onj :;:',HUt of doolln. '"
declined C. :
..
~""'.n'
Ino< ...... O 4.!. pereont .
;o.O<Iuoti~lt)·
~ort.nt
dodin,d 0 .1
~ecl1ne~.
,:,1.
nttor.
~ ..... rter
in nJlnuhcturins--tho
;e. tho f""<tO quuu •• productivity
Out!>"t rou '.2 porcent in the tl,st quartor,
Thit
l~«eou
t~
,,~.lle
!»"co w. . . h. 1ng. . : in a )·ur .
h""n
~. e a u ..
unit labo< COot r o .. ..., . . . !\.o.~ """Iy e""po"u.lon--ll.2
p .. ce~t arul . 1 .1 pereent, ' . . pe«!vdy .
p«cen"
In ohe fin.
Rul !>curly co.,peno.t1or. Incr.... cl 2.7
cOllpaud "tth. ).2 percent Incune 0 quarter .. rlln.
In t~.• fourth
...... «et of 1976, t>outly .o"r.n ... t\~n ro •• 1.9 ~ereon., but unH l a bor co • • ro ••
nee ""'to
Th .
(8.~
pucent). alr.• o
~<=411
""'v ...... n .. In
tn.
p~od~ct1vlty
dlOcllned C., po<ten ••
decline In ,..nufae,,,ring pr<>cluct1vity ruultod fro", op;><>.IH
durabh a •. d nondurabl e goods-producing oub-uctors.
dodinod In 'M ciunble .... n~h"urlnlj n«O' by 1.2 percent In
..... rkIng H.e .. c<>nd consecutive q"utorly doc line In tho
quartu of 1976, productivity declin.d 2.1 poreent.
10.S
p.r ce~t.
~....... ...
Red t>ourly co=po,,"'!Qn
"lth a rio. of 1.9 p.... n< In
t"
!~ urth
tlUt quan ...
!~.Ito
dost,,1j
Hourly cOllpeuatlon ro . .
and unit labo, eoot ("«"$Od 12.2 porcen<.
th o larIn' In 2 years.
.~ "
Productivity
incr .u.~
!!otto Incuuu " . . .
2.5 poreen', c""pa .. d
quarter of 1916.
AIIIO"K nonduubl< goO<! o-produclng ""nufactu rlng Indu.trt. . , productivity
(ooruud 1.9 poreont, co."",rod wit h. 2.0 perc.", bern . . 1n t,e
q .... rter.
Alt""u~h
.h. flut q........ productivity 1n<.ru .. In
pre<.dl"~
"""~~nbl . .
" as
•
-l-
,~.•
lugcr
,~e
",.Ight in
p~ld
". oh . decline In c",a<!u, <he
:>O~d"U~I .
0"<1'"' In<n. . .d ' . 8 P.TOont, and houn ." ••
2.9 pucon"
both 1"0 ...... bc1,.g ,h. lu&es, In, y ....
< ..u.rl 11.2
puo.~.
Hou.ly <o",p.nn,lon In-
and uol' lobo. coo, .on 9 . 2 pucont .
inon. . . rl l.5 "o.oen< In the !I...
q"Ht • •
o . . ~y • _ U n
oy.rall •• otor-_Mndur . "I .. ooooon' lor rouloly 41 perant of .11 hours
=n"~a«url",.
fer 10
nood~ . . bl. lnd~ . .<! ..
~UH''',
hal hou.ly <o"pn .. t lon
<o1l, . . .d v! t h , S.6 pucont . 1 . . on.
a~o.
fourth Quon o" '\turn for
Pr<><lilc:!vlty
~nd
~nf1nonclal
Co , pon . ions
,d .. od ___ .... r .. lor t ho founh quuur of 1976 for non-
fin."clal co,:><" .. looo aho " 0 <0 .. l .... ed ,<><lay.
doello.d
~.l
Su ubi. B.
P' Odue,lyHy
pero.", in th. loot quutu 01 1976, . . output . " . . 1.3 pe n ont and
Thl. d.cli" ...... tho only product1v1.ty drop
uployu_hou," 'o« ..... d 1.4 perce"t.
In 1976, . . fl«'ln~ tho _ a lles: Quu'orly pin In output .Inoe tho !It .. quarter
01 1975.
labor
c~st
Both tho ., . . in hou.i)· oOlop.."utlon (9 . 0 po re .nt) a nd the rl . . In udt
puco~t.
(9,2
at . ~ ar."~.l rate) ,.ero
01 i915, partly du. to tho decllno I.
4. 1 POToent .
onlt pro!!. .
"'0"
ti,.
prcduetl~lty.
Ia.S""
olnc. tho 11«' Quarto.
hal hour l y e ...... n. . tIOn rou
of! 24.5 p~rcont In tho fou rt h quarto' . tho I . . ~ut
decllno .Incc tho 1. . , Quuur 01 191.\ .
h~l ..d
annual ..... uu. for 1916 . . . ""01<1 .hcw pr odu ct1¥1ty In nonfinancial
cor poration. up ) . 9 peroen t. hourly oQ"p<noatIOn UO 7 . 7 pereo nt and unit p <Qflto
up 23.1 por •• nt.
S. . ubi. 3.
~abi& S.
?ucen< Chan~e In
Su ocoally Mjua'ec!
l>cn!tr.anc~a~
P<o~uctlv1ty
and CO"" at An'.",,-l R.a . . .
Ccn"ut!c~o
'"
~n.
~uHter
"
qu.~:u
1976
".
\9Jb
4th ".uu,u H76
I'lltLl~J:;~RY
-Q. I
,. ,
..,
~n1t ~rcf it.
qu~rter
1975
"
PRn~J'!ARY
..,
2.J
1976
Annual
REI'ISED
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FOOTNOTES.
T"~HS
1 TO
~
SOOPCE: Output data h.,.. tho !"r"'" of E.o"""'~c .. n.alyo1o, \i .S.
Deportment of (oem.roe and tho rodo,al ~ eao rv o Soatd. eo.ponoa,lon
.nd h"" • • ~ ..a fr"" tho Buuau of !..abor StaU.U«. II.S. Dopat . .e .. t
of I..at>or and the Bureau of teo""",l . . .""lyo1a .
(I)
lIauo arid oa1arl . . of ... plo, ... plu. OIIplo,o . . ' .ontrlbotlon.
for .""Id lnouune. and prha .. bonefit plAno. [xcapt for
nonfl"""dal .o rpo.~.lon •• " ho . . .
are "" .. It·_plo,od,
dota .100 I ..dud . . an ... w .. of .... ~ . . . . . lad . . , .<>:1 oupph·
untal pa ",on" for .h. . . ·t·_plo,od.
bot".
(2)
eo.pan.. tlon pot h<>u' ad j un od for Ch."su In tho Con""",OT Prloo
In~<x.
(3)
lionbbo, !>II",onto b.d""o p,oflt<. doproclotlon, int . . oat. rontal
1""""0 arid Indirect t.n ...
(')
Cunont dollar
prnd" ••.
(~)
Pa,.ont chonga c . . pounded at onnu,1 "'t a fr"", orl.I",,1 da ..
ntho< .han Indox mab . ...
(1)
Quartorly " .... u ... adJu .. ed '0 unual eot",,"t. . of ""'PU' (1'0"
pr nd" •• odJ ln.a<tn.o; ) hoc . ho au . .au of Eto"""l . .. ",,1,.10. V.S.
D.p.r~ont of C~rce.
(8)
Unit neolobot .o.t< Includo depra.laUon. 1n ....... and !nd!UCt
(9)
Tqtal unl' co... to th "'" of labor enol ..,n·l.obor co....
~,o
..
product dlvldod by CO""'"
dollAl. sro. .
.n...
(10)
Unh proU .. 1""lu6. corporo . . ptoflu end 1""0",or1 ""lu.lon
adj".""ent.
(11)
Tha duuble oo'tor 1,,<.1"" .. tho 1011""",& 2"""<1t~1t SIC 1nd".. ,I... ,
pr",,"t, . . tal, hbdcotod . ...1 producte, _"olo«rleal . . chln.r"
.1oc.rleal aachln.r" t,anoportatlon equipment, In.truoen.o; lumbor
er>d h .. b", producto; cley, lle ... ~1>d atone ~rod"ct.; fur~ltuu and
fbtu, . . ; .nd decoilAlnaou .... ""hetur ...
(12)
The nonolurable . .ctor Inelu~ . . the foU""I"1 2-d111. SIC 111<1" . . r1 . . ,
U><tUa _ Ill prndu«.; apparel produc . . ; loothr "nol luther ptnducto,
pap ... end paper prnd"e"; p'lnd~ and publ1.ht.,., ch_1ceta .nd
ch ... leol produc •• ; p.t"ol ..... p-rndu.ct.; tubber ,<>:I pluUc produ.to:
food,,; and tobacco prnduc .. .
CHART I . PROOUCTIVITY. HOURLY
COMPENSATION UNI T COSTS RNO PRICES
PRIVATE BUSINESS SECTOR
[P ERCENT CHANGE FROM PRECEDING
QUARTER AT ANNUA L RATE)
••
i
OUTPUT PER HO UR Of RLL
....... ........ ..... ..... ..•. ....... ......... ......... ....... .
,,
•
•••
.
,,
•
•
•
•
•
•
•
:
:•
,,
,•
•
•
i
J
l "
..................................
•
•
,•
.•
i
i
3.2
:
,
,_............. .........................
,
....... ..............................
,
,
,
,
:
J ... .
'---'CO"
5
°
.
•
"
-5
->0
,"5,",":"'" "'"' " '" ""'0"' i ",, ',O,:', ~ "
>0
5
.. .... ,
'
~..
'.:
.
"
....................
~ ............. ..:. ............ .
........
Ji
i
UNIT LRBOR C;0,5"'___
•
•
i,
,i
............... ···········~··,"---"'_,·············t· ......... 1· ..
.,
•
,
,
.
i
:,
:,
"
"
0
i•
•
i
.••••••••• -j- •••••••••••• +............ .
••
••
•
•
••
•
•
••
,
,
.. ...........................
..
,
:,
,t
:,
:,
·1· ...... ··· .. ·+ .. ·· ...... ·..
i
I
:
:
:
I •9
.
:,
:,
'
•
,
••
•••
•
,
,
........................
,
,
••
•
i,
..... ....... .•.....
....... .•.,, ........
,
:
,:
:,
:,
.. · .. ····1
t·· ...... ···
,, "
i
"
··········+·· ......... .
;
5
•
.. . .......... ......... . UN I T NONLRBOR PRYMENT 5
1
••
•
,••
:
~
.
~
II1PLlClT PRICE OEfLRTOR
••
,•
..•.......... :............. ,............
: :
:
'
:
:
•
••
,•
••
'
I
. .........•............ ~ ............. ..:. ............
.
' : :
,
:
-5
"
"
2S
"
"
>0
5
0
.. ........... :,............. :,............. ............. ;,... .... , ..... ,............. +.............
:
0
5.5
-5
"
"
"
5
0
1971
1972
1973
1974
1975
1976
RPR 21. 1917
CHRRT 2. FRODUCTIVITY. HOURLY
COMFENSRTION. UNIT COSTS RND FRICES
NONFRRM BUSINESS SECTOR
{FERCENT CHRNGE FROM FRECEDING
QURRTER RT RNNUAl RRTEJ
i
O~TPUT PER ~OUR (If R\L PERSONS.
i
_____________1.. __________
f"\--+------------t--------L---
+____________+____________ +___
\A V
j
;\
1
v" ~
J
"10
5
2_6
0
"--:
"'1
1
I, V i i..........
i i i
'
-------------1-------------1--------------:-------------r-------------l-------------i-------j-----
-5
,
1
i
COMPENSRTlON PER HOUR Of RLL PEII:S(lNS
"
"
,
--'-----\0---1----------·-- -.-.. -----. --_·-·-·t"--""·------t----·--·--·--+"
~---,i
,i
,,
, , "'
,
"
,
0 ,
I.
-------.---
-10
~
"
10
5
0
"
20
"10
5
,
,i
:
:
\.....J
:
0
:
i
:
l
i"" i
i
-------------j-------------i------------·+------·--·---f--------·----i·--·---------+---·--------:
:
:
:
1
:
i
U~IT N(lNLRB?R PRYMENT:S
/'\
j
i
_____________ ;_____ .______ .; .. ______._. __ .:. ..........._.~.. ......:.........__..1............ .
:,,
:,
:,
:,
.:,
,:,
,
,
-\--;---I---------~;------A
V\.
:
i
IV
l:
:
:
.
J7d---;-\i
- - - :--
V
I:
./
-2.2
_ :l
!'
:
-------------~-----------··~-········----+-------------t-------------j-------------+- -- ---- ---- -JMPLICIT PRICE
fLRTOR
,:
,:
,:,
,
1
:
•
,
·--·-·-------{-------------i----------··· ·----·····f··\·----·---{---------·---+-------·~---'"
h
,
1971
1972
,
,l
:
:
1973
:,
i
'
i
4.2
Vii
1975
IS76
-5
30
"
20
"10
5
0
-,
20
"10
,
0
IS77
RPR 27. 1977
CHhRf 3.
PRODUCTIVITY. HOURLY
COMP ENSATION. UNIT COSTS RNO PRICES
NONFINRNCIRl CORPORRTIONS
( PERCENT CH ANGE FROM SAME
QUARTER H YEAR AGO)
!
i
OU TPUT PER ilLL-EMPLOIEE HOUR l
,IV
..............•.............•.............
........................................................
.
:
: : :
2.7
,
"
,
"
:,,
'
:,
~
,
,,
,
,
.
,
....... .......•.............
,,,............. ,, .............•.....
C:OtlPENSAT lOti PER ilLL-EMPLOIEE HOUR
~
,,
,,
,
. .........
.
I
..................
i
l
L')l1T LASOR COST
............ : ............. ~ ............. ~ .............• ........... , ....
-
,
I ,-,..
'
I
ii
I
/
i
"
IV .
......................
,
!
,
"
5·1
,
/'
25
UNIT NONLA60R PAYMENTS
..
.•............. :,, ............. ~,,............. ~,, ............. :,............. ~...... .
,,
,,
,
,,
i:
i
l
l:
I
:
········~·······················
/
~
,,
~
,,
i
............ 1", ....
.. ·············1···· ........ .
i
-<-
I~PLlCJT
I
I
-
I,
,
PRfCE OfFUlT.oR
.
,-,
,
.
,
!
.........................................
,,
,,
,, ................
, .. ................ ...................
,
,
,
:
1970
i
i
1971
1972
I,
,
,,
1973
1974
19'/5
iI"~
1976
27. 1977
CHART 4.
.
UNIT COSTS . UNIT PROFITS . AND PRICES
NONFINANCIAL CORPORATIONS
[PERCENT CHANGE FROM SAME
QUARTER A YEAR AGO)
·-----t------------·I--------·····r··----------•
--------_._:... - ------.-: •.•.....5 • I
············l·········
UN l T LRBOR COGT
••
:•
••
••
.........................................................
:
I
:
•
•
i•
j
1•
.............!............. ~.............+.............!.............1·........ -··f·· ........•
.............~.........~............) .............:............~!........... t.·······~·~~·
, I,
·
,
I
0
>0
:
,:
•
•,
•.••••.•••••• j ••••••••••••• ~ •••••••••••• •
0
! ....... t··, ...........+,.......'IV"
+,....••..... ··t······
.>0
------------+------------i-------------+-------------I. -------------i-------------+------------:
TOTAL lJtoI1T COST
......... ~ ........•.... ~ ............ ~ ............. '
:
••
>0
"
"
!
U~J! NONLA6.0R COST
I'
,
!
IV
·············1····· ........ , ............. +............. ........ . .. ,.... .......+.............
·•
20
:•
I
j
: .~:
4.1
........... ~ ........... ~ .............
:
I
••
::
::
!•
.
20
>0
0
,
80
. . . _ _ _ _l._ _ _ _ _ _ L_ _ _ _ _ j.____________!_ .- -. . . j....----.;f. . ._-- - -
"
:
:
:
1v
--····-------I-------------~··-·--------~··----······I····--···
- -·-f-·- ·--····-·-~-·---------,
,
,
,
"
:
:
:
!
:
:
.
"
!
..!
..!,
11
:
: ... ··--·.. ·-1 - "
---_.+
,
..
.
"
:
I
:
:
,
.
,
,
.
1. ..
..
"
~-.-.-.-.-.-.-.-.-.-.-.-.-1 -1r,-.-.-.-.-.-.-.-.-.-.-.-.i-.-.-.-.-.-.-.1;.-.-.-.-.-.-1:.-.-,-,-,-,-,-:-:-;-:-.-.-.!f:----.------.-.-.-.-.-.-11.-.-.-j-,--.-.-.-.-.-.-.Ir--.-.-.-.--.- ~
!,,,
!,,,
!,,,
:
!
!
,,
,
-------------1----- ----- UNIT PROrlTS --- .. ------ ··--··---···-1------·
,
,
,,
:
,
,
I
:
:
1_
".-.-.-.-.-i:
f
!
I /7-~J----------j---------t-------__!~--~ ----------r-------·
1910
19'11
1912
191'
19'14
1915
1916
RPR 21. 1911
>0
o
j
!
•
20
1-
.>0
·20
."
@FedFRASER