The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
News sr
Bureau of Labor Statistics
Lawrence Fulco
Kathryn Hoyle
Washington, L C. 20212
(202) 523-9261
(202) 523-1913
±
USDL 79-542
For Release: 10:00 AM EDT
Monday, July 30, 1979
PRODUCTIVITY AND COSTS
Private Business, Nonfarm Business, and Manufacturing Sectors
Second Quarter 1979
Productivity in the private business sector declined 3.8 percent in the
second quarter of 1979 at a seasonally adjusted annual rate, the Bureau of
Labor Statistics of the U.S. Department of Labor reported today.
This was the
second consecutive quarter of declining output per hour of all persons in this
sector and the largest decline since the first quarter of 1974.
The decline
reflected a 4.7 percent drop in output and a 0.9 percent decrease in hours of
all persons engaged in the sector.
In the first quarter of this year, pro-
ductivity dropped 2.8 percent, as output increased 1.2 percent and hours rose
4.1 percent.
The productivity and cost measures contained in this press release incorporate
the regular 3-year revisions of Gross National Product (GNP) for the period
since 1976 recently released by the Bureau of Economic Analysis of the U.S.
Department of Commerce. Data for the full period affected by this revision
are contained in this press release.
In addition, new seasonal factors have
been computed for the quarterly data going back to 1973. Copies of the historical measures showing the full effect of all revisions are available on
request from the Office of Productivity and Technology, Bureau of Labor
Statistics, Washington, D.C. 20212 (telephone 202 523-9261).
In the nonfarm business sector, productivity declined 5.7 percent in
the second quarter, as output dropped 5.4 percent and hours of all persons
increased 0.4 percent.
This was the second consecutive drop in productivity
in this sector and the largest quarterly decline recorded in this series,
which begins with 1947.
In manufacturing, productivity increased 3.3 percent as output
0.9 percent and hours of all persons dropped 4.1 percent.
declined
One quarter earlier,
manufacturing productivity declined 1.9 percent, as output increased 5.0 percent and hours expanded 7.0 percent.
A sunmary of these second-quarter measures, as well as revised
first-quarter productivity and cost series for the nonfinancial corporate sector also released today, appears in table A; details are in tables 1-6.
Table
B compares previous and revised annual productivity and cost measures for the
period covered by the GNP revisions; revised quarterly values are found in the
appendix tables.
Private Business Sector
Productivity declined 3.8 percent in the private business sector, marking
the second consecutive quarterly decline in the measure.
This was the largest
productivity decline since the first quarter of 1974, when productivity
6.9 percent (annual rates).
dropped
The productivity decline reflected drops in both
output and hours; the decline in output was the first since the 10.9 percent
drop in the first quarter of 1975, and the decline in hours was the first since
the second quarter of 1975, when the decline was 3.9 percent.
Hours
declined
in the second quarter of 1979, as employment increased slightly (0.6 percent)
and length of the work week declined 1.4 percent.
The increase in employment
was the smallest quarterly increase since employment growth resumed
third quarter of 1975, following the 1974-75 recession.
in the
Table A.
Productivity and Cost: Percent Change at Annual Rate
(Seasonally Adjusted)
Sector
Produc-
tivity 1/
Hourly
compensation
Unit
labor
cost
Real hourly
compensation
Output
Hours
First quarter 1979 to second quarter 1979
PRELIMINARY
Private business
Nonfarm business
Manufacturing
Durable
Nondurable
-3.8
-5-7
3-3
3.5
2.8
9-3
7.8
9.6
9.k
10.5
13.6
lU.3
6.1
5-7
T.U
-3-8
-5-2
-3-6
-3-7
-2.8
-U.7
-5-^
-0.9
-2.3
1.2
-0.9
O.U
-U.l
-5.6
-1.6
Fourth quarter 1978 to first quarter 1979
REVISED
Nonfinancial
corporations
-1.8
11.3
13. h
0.3
2.5
It.U
1.7
1.7
It.8
5-1
It.3
2.6
2.9
2.3
3.8
0.1
7-2
5.U
Second quarter 1978 to second quarter 1979
PRELIMINARY
Private business
Nonfarm business
Manufacturing
Durable
Nondurable
-0. 8
-1. 2
2.h
1. 3
h.2
9.8
9.2
9.6
9.5
9.3
10.7
10.5
7.0
8.1
h.9
-0.8
-1.3
-0.9
-1.0
-1.2
First quarter 1978 to first quarter 1979
REVISED
Nonfinancial
corporations
1. 7
9.1
7.3
-0.6
1/ Although the productivity measures relate output to the hours of all persons engaged
in each sector, they do not measure the specific contributions of labor, capital, or any
other single factor of production. Rather, they reflect the joint effects of many
influences, including new technology, -capital investment, the level of output, capacity
utilization, energy use, and managerial skills, as well as the skills and efforts of the
work force.
- k -
Table B.
Preliminary and Revised Measures of Productivity, Hourly Compensation, and
Unit Labor Coat; Annual Changes 1976-78
1976
Sector and Measure
1978
1977
Prel.
Rev.
Prel.
Rev.
Prel.
Rev.
3.5
8.7
5.0
3.5
8.8
5.0
1.6
0.3
9.2
9.0
1.1
6,k
2.1
8.3
6.0
3-5
3.5
8.3
U.7
1-3
8.1
6.7
1.8
8.2
6.3
0.5
9.3
8.8
1.1
U.3
8.3
3-9
k.k
2.U
8.8
6.3
3.3
8.8
5-3
2.5
9.5
6.9
1.1
8.3
3.8
3-1
8.3
5.0
3.2
8.3
1.2
8.1
6.8
1.3
8.2
6.8
l.l
1.9
9-3
7-3
Private business
Productivity
Hourly compensation
Unit labor cost
8.1
9-2
8.1
Monfarm business
Productivity
Hourly compensation
Unit labor cost
8.U
M
9.3
8.1
Manufacturing
Productivity
Hourly compensation
Unit labor cost
8.8
7-7
Honfinaneial corporations
Productivity
Hourly compensation
Unit labor cost
t.9
9-3
8.2
Hourly compensation increased 9.3 percent in the second quarter, compared
with an 11.4 percent increase during the first quarter.
This measure includes
the cost to employers of wages and salaries, supplements, taxes, and employer
contributons to employee benefit plans.
Unit labor cost, which reflects changes in hourly compensation and
productivity, increased 13.6 percent in the second quarter, compared with a
14.6 percent increase one quarter earlier.
Real compensation per hour—hourly compensation adjusted for changes in
the Consumer Price Index for All Urban Consumers (CPI-U) declined 3.8 percent.
This was the first decline in real hourly compensation since the fourth quarter of 1978 and the largest decline since the 5.5 percent drop in the first
quarter of 1974.
In the first quarter, real hourly compensation rose 0.4
percent.
The implicit price deflator, which reflects changes in unit labor cost
and unit nonlabor payments combined, increased 10.9 percent in the second
quarter, the largest increase in this measure in a year.
In the first
quarter, the deflator rose 9.3 percent in the private business sector.
Compared with the same quarter of 1978, productivity declined 0.8 percent,
hourly compensation increased 9.8 percent, and unit labor cost rose 10.7 percent.
Output grew 1.7 percent, and hours increased 2.6 percent.
The implicit
price deflator increased 8.9 percent over the period.
Nonfarm Business Sector
The second-quarter productivity decline in the nonfarm business sector
was the largest quarterly drop recorded in this series, which begins in 1947.
The 5.7 percent decrease was also the second consecutive quarterly decline;
not since 1974 have there been two consecutive declines in productivity.
Out-
put dropped 5.4 percent (the first decline since the 11.0 percent drop in the
first quarter of 1975), but hours showed a 0.4 percent increase.
Employment
grew 1.6 percent, but the length of the average workweek declined 1.2 percent.
Hourly compensation rose 7.8 percent (but declined 5.2 percent after
allowing for the increase in the CPI-U) and unit labor cost rose 14.3 percent.
This was the largest gain in unit labor cost since the fourth quarter of 1974,
when these costs rose 14.8 percent (annual rates).
Unit labor cost grew more
rapidly in the second quarter than in the first, although hourly compensation
increases slackened.
The large productivity decline of the second quarter
contributed to this result
The drop in real hourly compensation was the second
consecutive quarter of decline, and the largest such decrease since 1951.
The implicit price deflator rose 11.8 percent in the second quarter,
compared with an 8.1 percent increase in the first quarter.
Manufacturing
Productivity increased in the manufacturing sector at a 3.3 percent annual
rate in the second quarter, compared with a 1.9 percent decline during the
first quarter.
Productivity gains occurred in both durables and nondurables;
durable productivity increased 3.5 percent, while nondurables gained 2.8
percent.
The second quarter increase in manufacturing productivity reflected
a larger reduction in hours than in output; output declined 0.9 percent but
hours dropped at a 4.1 percent annual rate.
(The decline in output was
confined to the durables sector, while hours dropped in both durables and
nondurables.)
Both employmentand average weekly hours declined in
manufacturing during the second quarter.
The drop in hours was the first
since the 6.8 percent decline in the third quarter of 1975.
Hourly compensation increased 9.6 percent
in manufacturing
(but
declined
3.6 percent after adjusting for the increase in the CPI-U) and unit labor cost
increased 6.1 percent.
In the first quarter, compensation per hour rose 10.4
percent, and unit labor cost increased 12.5 percent.
Revised First-Quarter Measures for Nonfinancial
Revised
Corporatons
first-quarter productivity and cost measures were also released
today for the nonfinancial corporate sector.
Productivity declined 1.8 percent
in the first quarter, as output rose 2.5 percent and hours increased 4.4 percent.
Hourly compensation rose 11.3 percent, and unit labor cost
13.4 percent.
increased
A comparison of these revised measures with the preliminary
series published on M a y 29 is presented
in table C.
Table C. Nonfinancial Corporations: Preliminary and Revised First Quarter
Measures of Productivity and Costs, Quarterly Change at Annual Rate
Seasonally Adjusted
Measure
Productivity
Output
Hours
Hourly compensation
Real hourly compensation
Unit labor cost
Unit profits
Implicit price deflator
Preliminary
-3.3
2.0
5.5
10.7
-0.2
14.5
-31.1
7.2
Revised
-1.8
2.5
4.4
11.3
0.3
13.4
-22.1
7.6
*AHl.E
HOUR
YEAR AND
QUARTER
OUTPUT PER
HOUR
OF Alt PERSONS
Y
1.
PRIVATE
COMPENSATION,
OilTPUT
BUSINESS
UNIT
SECTOR,
LABOR
All.
COST,
AND
PERSONS:
PRICES,
, . . ,
SEASONA1LY
h'FAL
COMPENSAT ION PFR
HOUR (2)
COMPENSATION PER
HOUR(I)
HOURS
OF All
PERSONS
PROIMJL N .
ADJUSTED
UNIT
LABOR
COST
UNIT NONI.ABOR PAYMENTS(3)
IMPLICIT
PRICE
DEFLATOR
INDEXES 1967=100
I
II
III
TV
ANNUAL
I
TI
119.1R
119.8R
120.6"
120.BR
136.9R
140.3R
141.AH
144.OR
114.9R
117 . 1R
117.5R
119.2R
225.7R
230.3R
235.6R
240.7R
119.5R
1 19.OR
119.?R
119.1R
1B9.5R
192.2R
195.1R
199.2R
164.6R
173.6R
176.7R
180.9R
180.9R
185.8R
188.9R
192.9R
1 <iO . 1R
140.7R
117.2
233.1R
119.3R
194.2R
174.OR
187.2R
120.OR
U8.8P
144.4R
142.7P
120.4R
247.3R
252.9P
119.3R
118.IP
206.1R
212.flP
180.4R
1«2.6P
197.2R
202.4P
PERCENT
1978
1979
I
II
T11
IV
••0.8R
2.5R
2.6R
0 .BR
2.4R
10.5
4.2R
6.4R
ANNUAL
1.1R
5.2R
X
II
-2.8H
-3.8P
1.2R
-4.7P
PERCENT
1978
1979
120.IP
CHANGE
FROM PREVIOUS
3.2R
7.9R
1.5R
5.6R
11.8R
8.4R
9.4R
9.OR
4.1
9.2
4.1R
-0.9P
11.4R
9.3P
CHANGE
OUARTER
FROM CORRESPONDING
*T A N N U A L
RATE(5)
3.7R
-1.6R
0.5R
-0.1R
1 2 . 7R
S.BR
6.6R
8.2R
-8.8R
23.HR
7 . 4R
9.7R
5.3R
1 1 ,2R
6.9K
8.7R
1.4R
8.1R
5.1R
7.IK
0.4R
-3.8P
14.6R
13.6P
-1 .1R
5.IP
9.3R
10.9P
QUARTER
OF P R E V I O U S
YEAR(6)
I
II
III
IV
0.5R
1 .6R
0.7R
1.3R
4.4H
5.7R
4.8R
5.8R
3.9
4.1
4.1R
4.5
8.7R
9.1R
9.1R
9.7R
2.OR
1.9R
1. OR
0.6R
8.1R
7.5R
8.4R
8.3R
2.OR
5.5R
5.3R
7.4R
6 . IK
6.8R
7.4R
8.OR
ANNUAL
1 .1R
5.2R
4.1
9.2
1,4R
8. 1R
S.1R
7.1R
I
IT
0.7R
-0.8P
5.5R
1.7P
4.8
2.6P
9.6R
9.8P
9.6R
5.2P
9.OR
H.9P
SEE FOOTNOTES FOLLOWING TABLE 6.
R=«EVJSEO
P=PRELIMINARY
-0.2
-0.8P
8.8R
10.7P
JULY 30,1979
SOURCE: BUREAU OF LABOR STATISTICS
TABLK 2. NONKARM BUSINESS SFC TOR, ALL PERSONS; PRODUCT IV 11 Y ,
HOURLY COMPENSATION, UNIT LABOR COST, AND PRICKS, SEASONALLY ADJUSTED
YEAR
OUARTfq
OUTPUT PER
HOUR
OF ALL PERSONS
OUTPUT
HOURS
OF ALl
PERSONS
INOEXES
1
II
III
IV
ANNUAL
I
II
ANNUAL
I
II
UNIT
LABOR
COST
UNIT NONLABOR PAYMENTS(3)
IMPLICIT
PRICE
DEFLATOR
1967=100
116.7R
1 1 7 . <IR
118.3R
118.6R
137.3R
141.1R
143.7R
145.OR
117.6R
120.2R
120.6R
122.2R
<V2.2R
226.5R
231.5R
236.7R
1 11.6R
117.OR
U7.1R
117.2R
190.3R
192.9R
195.7R
199.5R
160.9R
168.9R
172.7R
175.7R
180.2R
184.7R
1 8 7 .BR
191.AR
U7.7R
141.5R
120.2
229.3R
117.3R
194.7R
169.6R
186.1R
117.7R
116.OP
145.5R
143.5P
1 2 5.5R
123.7P
242.8R
247.4P
117.1R
115.5P
206.2R
213.2P
173.9R
176.5P
195.1R
200.7P
12.5R
5.5R
6.OR
8.OR
-11.4R
21 .IP
9.3R
7.2R
4.4R
10.PR
7.OR
7.8R
8.1R
3.6R
6.6R
14.1R
14.3H
-4.1R
B.2P
8.1R
11.8P
PERCENT
I
II
III
IV
REAL
COMPfcNSATI UN Pt'R
HOUR(?)
COMPENSATION PER
HOURCl)
CHANGE
FROM
PREVIOUS
QUARTER
AT
ANNUAL
-0.2R
2.«R
2.9R
1 . JR
2.7R
1 1 .5R
4.5R
6.8R
2.9R
8.9R
1 ,6R
5.OR
12.3R
a.OR
9.1R
9.4R
4.1R
-1.9R
0.3R
0.2R
1.1R
5.4R
4.2R
9.3
1.5
-3.OR
-5.7P
1.2
-5.4P
4.3R
0.4P
10.7R
7.8P
-0.3R
-5.2P
PERCENT
CHANGE
FROM
CORRESPONDING
QUARTER
OF
RATE(SI
PREVIOUS
YEAR(6)
0.3R
1,3R
1.1R
1 ,6R
4.2R
5.7R
5.2R
6.3R
3.9
4.4R
4.1
4.7R
8.9R
9 . 2R
9.3R
9.7R
2.1R
1.9R
1.2R
0.6R
8.5R
7.AW
8.1R
8.OR
1 .1R
3.5R
3.4R
6.OR
6.1R
6.4R
6.6R
7.3R
1.1R
5.4R
4.2
9.3
1.5
8.1R
3.6R
6.6R
I
II
0.9R
-1.2P
5.9R
1.7P
5.0
2.9P
9.3
9.2P
-0.5
-1.3P
8.3R
10.5P
8 .1R
4.5P
8.3R
8.7P
SEE F O O T N O T E S FOLLOWING
R = REV ISFD
P=PREL TMINARY
TABLE
I
II
III
IV
ANNUAL
6.
SOURCE:
JULY 30,1979
B U R E A U OF L A B O R
STATISTICS
TABLE 5. NONF iMANCIAL CORPORATIONS: PRODUCTI V I T Y , HUURI Y COMPENSATION
UNIT LABOR C,ST, UNIT PROFITS, A NO PRICES, SE A SON Al I. Y A 0 ,RI S T F D
YEAR
AND
QUARTER
OUTPUT
PER ALLEMPLOYEE
HOUR
EMPLO EE
HOURLY
I'FAL
HOUR'S COMPENSAHOURLY
TION
COMPEN(t)
SA TION(2)
OUTPUT
UNIT
LABOR
COST
UNIT
NONLABOR
COST(8)
TOTAL
UNIT
COST
(9)
UNIT
PROFITS
(10)
IMPLICIT
PRICE
DEFLATOR
INDEXES 1967=100
1978
I
II
III
IV
ANNUAL
1979
I
117.6R
119.OR
1 19.f>R
120.2R
144.7R
149.7R
151.4R
154.2R
123. OR
125. 8R
12b. 5«
128. 3R
t' 2 0 . 4 R
224.5R
229.2R
234.1R
116.7R
116.OR
115.9R
115.9R
187 . 3R
188 . 7R
191 . 5R
194 ,8R
201 . 5R
200 . 8R
201 .6R
203 .IR
190 .8R
191 ,6R
194 .OR
196 • 8R
107 .1R
129 • 2R
132 ,7R
138 . 7R
178 • 3R
182 • 3R
184 • 9R
188 • 2R
119.1R
150.OR
125. 9R
227.1R
116.2R
190 .6R
201 . 8R
193 • 3R
127 .2R
183 . 5R
119.6P
155. IP
129. 7P
240.5P
115.9P
201 .OP
206 . 5P
202 • 3P
130 . 3P
191 .bP
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL
1978
1979
I
II
III
IV
1 .BR
4.6R
2.3R
1.8R
3.6R
14.5R
4.6R
7.6R
ANNUAL
1 .9R
6.2R
4.2
I
-1 ,8P
2.5P
4.4P
1 . 8R
9.5R
2.2R
5.6R
RATE(5)
13.5R
7.7R
8.7R
8.9R
5.2R
-2.3R
-0.2R
-0.3R
11.4R
2.9R
6.2R
6.9R
5.6R
-1 ,3R
1 .7R
2.9R
9.9R
1.8R
5.1R
5.9R
-40.8R
U1.3R
11.4R
19.5R
3.6R
9.3R
5.7R
7.3R
9.3
1.5
7.3R
3.9
6.4R
3.7R
6.1R
11. 3P
0.3P
13.4P
11.7P
-22.IP
7.6P
6 . BP
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR (f>)
1978
1979
I
II
III
IV
0.9R
2.2 R
1 ,7R
2.6R
4.6R
6.7R
b.lR
7.5R
3.6R
4.3R
4.3
4.7
9.OR
9.2R
9.2R
9.6R
2.3R
2.OR
1.1R
0.6
8.OR
6.8R
7.4R
6.8R
5.5R
4.3R
3.5-R
2.2R
7.3R
6.2R
6.4R
5.6R
-6.1R
4.7R
1 ,4R
13.6R
6.OR
b.OR
5.8R
6.4R
ANNUAL
1 . 9R
6.2R
4.2
9.3
1.5
7.3R
3.9
6.4R
3.7R
6.1R
1.7P
7.2P
5.4P
9. IP
-0.6P
7.3P
2.5P
b.lP
21 .7P
7.5P
I
SEE FOOTNOTES FOLLOWING TABLE 6.
RsREVISEO
P=PRELIMI NARY
JULY 30,1979
SOURCE: BUREAU OF LABOR
STATISTICS
TABLfi 4. MANUFACTURING SFCTOR: PHODUCTIVITY, HOURLY
COMPENSATION, UNIT L AHOR COST, SEASONALLY ADJUSTED
YEAR AND
QUARTER
UUIfUf PER
HOUR
OF ALI. PERSONS
OUTPUT
17)
HOURS
OF ALL
PERSONS
INDEXES
COMPENSATION PER
HOOR(l)
RFAL
COMPENSATION PER
HOUR(a)
UN I T
LABOR
COST
1967=100
I
II
III
IV
126.2R
128.1R
130.3R
130.8R
129.8R
133.5k
136.1R
138.5R
102.9R
104.2R
104.4R
105.9R
224.4R
228.1R
233.1R
238.4R
118.8R
I17.8R
117.9R
118.OR
177.9R
178.OR
178.8R
182.3R
ANNUAL
128.9R
134.5R
104.1
231.1R
118.3K
179.4R
130.2R
1 ?« 2P
100.2R
139.9P
107.7R
106.6P
244.3R
250.OP
117.8R
116.8P
187.7R
190.5P
I
II
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL
I
II
III
IV
-6.8R
6. $R
7.1R
1.3R
-3.3R
11.8R
8.OR
7.3R
ANNUAL
1.1R
4.8R
-1 . 9R
3.3P
5.OR
-0.9P
I
II
3.8R
5.2R
0.8R
5.9R
RATE(5)
11.SR
6.7R
9.2R
9.3
3.4R
-3.2R
0.3R
0.1R
19.6R
0.3R
1.9R
7.9R
3.7
8.8R
1 .1R
7.7R
7 .OR
-4.IP
10.4R
9.6P
-0.5R
-3.6 r
12.5R
6.IP
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS
YEAR(6)
I
II
III
IV
0.9R
0.SR
1 ,1R
t .8R
4.8K
4.2R
4.6R
5.8R
3.9R
3.6R
3.5R
3.9R
8.7R
8.7R
8.6R
9.1R
2.OR
1.4R
0.6R
0.1R
7.7R
8.1R
7.5R
7.2R
ANNUAL
1 .1R
4.8R
3.7
8.8R
1.1R
7.7R
I
II
3 . ?R
2.4P
8.OR
4.8P
4.7
2.3P
8.9R
9.6P
-0.8R
-0.9P
5.5R
7.OP
SEE FOOTNOTES FOLLOWING
R=REVISEO
P=PRELIMINARY
TABLE
6.
JULY 30,1979
SOURCE: BUREAU OF LABOR
STATISTICS
T A B L E 5 . D.LRABLE
COMPENSATION,
YEAR AND
QUARTER
OUTPUT PER
HOUR
OF ALL P E R S O N S
M A N U F A C T U R I N G SF.CTORS P R O D U C T I V I T Y * H O U R L Y
U N I T LAFLOR C O S T , SFC'ASONALLY A D J U S T E D ( 1 1 )
OUTPUT
(7)
HOURS
O F ALL
PERSONS
INDEXES
I
II
III
IV
ANNUAL
I
II
123.8R
123.6R
119.6R
118.6R
118.5R
118.6R
189.4R
188.4
189.2R
193.9R
122.1R
129.6R
106.1
232.5R
119.OR
190.4R
122.3R
123.TP
135.7R
134,9P
110.9R
109.4P
245.BR
251.4P
118.5R
117.4P
200.9R
203.7P
-9.1R
8.9R
6.7R
-0.6R
CHANGE
I
II
-4.1R
3.5R
4.2R
-2.3R
PERCENT
SEE F O O T N O T E S F O I L O W I N G
R=REVISFO
PSPRELIMINARV
FROM
CHANGE
PREVIOUS
5.OR
5.5R
4.OR
8.6R
-4.6R
14.9R
11 . OR
8.OR
5.8R
I
II
1967=100
225.9R
229.5H
234.3R
239.7R
0.5R
ANNUAL
U N IT
LABOR
COST
104.OR
105.4R
106.4R
108.7R
ANNUAL
I
II
III
IV
WEAL
COMPENSATION PER
HUUR(?)
124.OR
128.4K
I 31.8R
134.3R
119.AR
lai.»R
PERCENT
I
II
III
IV
COMPENSATION PER
HOUK(L)
FROM
QUARTER
AT
ANNUAI
RATE(5)
10.4
6.5R
8.6R
9.7
2.4
-3.3R
-0.2R
0.4
21 .5R
-2.2R
1 .0R
10.3R
5.3
8.5R
0.8R
7.9R
8.6R
-5.6R
10.4R
9.4R
-0.5R
-3.7R
15.1R
5.7R
CORRESPONDING
QUARTER
OF
PREVIOUS
YEAR(6)
0.2R
-0.1R
0.8R
1 .2R
5.6R
4.9R
5.7R
7. 1H
5.5R
5.OR
4.9R
5.8R
8.5R
8.3R
8,aR
8.8R
1.8R
1 .1R
0.1R
-0.2R
8.3R
8.4R
7.4R
7.5R
0.5R
5.8R
5.3
8.5R
0.8R
7.9R
2.6R
9.5R
5.IP
6.7
3.8P
8.8R
9.5P
-0.9R
-1 .op
6. OR
8. IP
I.3P
TABLE
6.
SOURCES
JU1 Y 3 0 , 1 9 7 9
BIIIJEAU OF L A B O R
STATISTICS
TABLE b. NONDURABLE' MANUFACTURING SECTOR: PRODUCTIVITY, HOURLY
COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(12)
YEAR AND
QUARTER
OUTPUT PER
HOUR
OF ALL PERSONS
OUTPUT
(7)
HOUKS
OF All
PERSONS
INDEXES
COMPENSATION PER
HOUR CI)
REAL
COMPENSATION PFR
HOUR (?)
UNIT
LABOR
COST
1967=100
I
II
III
IV
137.SR
13«.4R
141 .1R
142.6R
139.2R
141 .7H
143.OR
145.2R
101.2R
102.4R
101.4R
101.8R
221.2R
224.8
229.9R
234.2R
117.1R
116.2
116.3R
115.9R
160.8R
162.4R
162.9R
164.2R
ANNUAL
139.9R
142.3R
101.7
227.6R
162.7R
I
II
143.3
144.2P
147.4R
147.9P
102.9R
102.5P
239.8R
245.9P
life.5
t
115.6R
114.8P
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL
I
11
III
IV
-3.2R
2.7R
8. OR
4.3R
-1 .3R
7.5R
3.7R
6.2R
ANNUAL
2.OR
3.4R
1 .7R
2.BP
6.3H
1.2P
I
II
RATE(5)
13.OR
6.BR
9.3R
7.8R
4. BR
-3.OR
0.4R
-1 .3R
16.8R
4.OR
1.2R
3.3R
1.4
8.9R
1 .2R
6.BR
4.5R
-1.6P
9.9R
10.5P
-1 .OR
-2.BP
B.OR
7.4P
2.OR
4.6R
-4.OR
1 ,8R
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS
I
II
III
IV
167.4R
170.4P
YEAR(6)
2 .1R
1 ,4R
1.6R
2.9R
3.7R
3.OR
2.9R
4.OR
1.6
1.7R
1.3P
1.1R
8.6
8.8R
9.OR
9.2R
1 .9
1.6R
0.9R
0.2R
6.4R
7.4R
7.2R
6.1R
ANNUAL
2.OR
3.4R
1.4
8.9R
1 . 2R
6.BR
I
II
4.2R
4.2P
5.9R
4.3P
1.7R
0.1P
8.4R
9.3P
SEE FOOTNOTES FOLLOWING TABLE 6.
R=REVISEO
P=PRELIMINARY
-1.2
-1.2P
4.1R
4.9P
JULY 30,1979
SOURCE: BjJRE All OF LABOR
STATISTICS
FOOTNOTES, TABLES 1-6
SOURCE! OUTPUT OATA FROM BUREAU OF ECONOMIC ANALYSIS, U.S. DEPARTMENT OF COMMERCE, AND THE FEDERAL RESFRVE BOARD.
COMPENSATION AND HOURS DATA FROM THE BUREAU OF LABOR STATISTICS, U.S. DEPARTMENT OF LABOR, AND THE BUREAU OF.ECONOMIC ANALYSIS.
(1)
WAGES AND SALARIES OF EMPLOYEES PLUS EMPLOYERS" CONTRIBUTIONS FOR SOCIAL INSURANCE AND PRIVATE BENEFIT PLANS. FXCEPT 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.
(?)
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
(7)
QUARTERLY MEASURES AOJUSTED TO ANNUAL ESTIMATES OF OUTPUT
U.S. DEPARTMENT OF COMMERCE.
(8)
UNIT NONLABOR COST INCLUDE DEPRECIATION, INTEREST, AND INOIRECT
(9)
TOTAL UNIT COST IS THE SUM OF LABOR AND NONLABOR
AGO.
(GROSS PRODUCT ORIGINATING) FROM THE BUREAU OF ECONOMIC
ANALYSIS,
TAXES.
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; NONFLFCTRICAL
MACHINERY; ELECTRICAL MACHINERY; TRANSPORTATION EQUIPMENT? INSTRUMENTS; LUMBER AND LUMBER PRODUCTS; FURNITURE AND FIXTURES;
AND MISCELLANEOUS MANUFACTURES.
(12) THF 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 AMD PLASTIC
PRODUCTS; FOODS; AND TOBACCO PRODUCTS.
(13) SCHEDULING OF THE RELEASE OF THE NEW CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS (CPI-II) PRECLUDES THE USF OF REAL HOURLY
COMPENSATION (HOURLY COMPENSATION ADJUSTED FOR QUARTERLY CHANGES IN THE CPI-U) WITH PRELIMINARY PRODUCTIVITY AND COST MEASURE
THESE WILL BE PUBLISHED TOGETHER WITH REVISED OUTPUT AND LABOR INPUT MEASURES hiTH THE NEXT REGULAR EDITIOI! OF PRODUCTIVITY
AND COSTS, APPROXIMATELY 30 DAYS AFTER THE PRELIMINARY MEASURES.
A P P E N D I X T A B L E 1. P R I V A T E
HOURLY C O M P E N S A T I O N , UNIT
YEAR AND
QUARTER
OUTPUT PER
HOUR
OF A L L P E R S O N S
OUTPUT
B U S I N E S S S E C T O R , ALL P E R S O N S ! P R O D U C T I V I T Y ,
L A B O R C O S T , AND P R I C E S , S E A S O N A L L Y A D J U S T E D
COMPENSATION PER
HOUR(1)
HOURS
OF ALL
PERSONS
INDEXES
1976
1977
1967=100
191.2
195.3
199.3
203.7
114.2
115.4
116.2
117.2
165. 1
168.1
170.7
173.8
158.2
158.0
157.7
158.0
162.7
164.6
66.2
68.3
ANNUAL
1 16.4
126.4
108.6
197.2
115.6
169.4
158.0
65.5
I
II
III
IV
118.5
118.0
119.7
119.3
131.0
132.8
135.2
136.1
110.6
112.5
112.9
114.0
207.7
211.1
215.9
219.5
117.2
116.8
118.0
118.4
175.2
178.9
180.3
183.9
161.4
164.6
167 .8
16 (1 . 4
170.5
173.9
176.0
178.6
118.8
133.8
112.6
213.5
117.6
179.7
165.5
174.8'
I
II
III
IV
I
11
III
IV
ANNUAL
CHANGE
FROM PREVIOUS
QUARTER
AT
ANNUAL RATE(5)
7.5
1.3
2.0
1 .5
12.2
2.4
2.8
3.3
4.4
1.1
0.7
1.8
10.5
8.9
8.4
9.1
5.8
4.1
2.7
3.7
2.8
7.5
6.3
7.5
5.4
-0.6
-0.8
0.8
3.7
4.7
3.9
5.2
J.5
6.5
2.9
8.8
2.8
5.0
5.1
5.0
4.6
-1 .7
6.1
-1.3
10.5
5.4
7.6
2.5
5.7
7.2
1.5
3.8
8.1
6.7
9.4
6.9
0.0
-1.3
4.0
1 .5
3.4
8.5
3.2
8.4
9.0
8.2
8.0
1.5
5.2
8.4
4.7
6.1
5.8
3.7
8.3
1.7
6.0
4.8
5.6
2.1
PERCENI
1977
IMPIIF£T
PRICE
DEFLATOR
108.1
108.4
108.6
109.1
ANNUAL
1976
UNIT N O N LABOR PAYM E N T S (3)
125.2
125.9
126.8
127.8
PERCENT
1977
UNI R
LABOR
COST
115.8
II6.A
116.7
117.2
I
II
III
IV
ANNUAL
1976
REAL
COMPFNSATI O N P E R
HOUR{2)
CHANGE
FROM CORRESPONDING
QUARTER
OF
PREVIOUS
YEAR(6)
I
II
III
IV
5.9
3.4
2.1
3.0
8.7
7.4
5.0
5.1
2.6
3.9
2.9
2.0
8.4
8.4
9.1
9.2
1.8
2.3
3.5
4.1
2.3
4.9
6.9
6.0
13.4
6.9
0.1
1 .2
5.8
5.6
4.6
4.4
ANNUAL
3.5
6.5
2.9
8.8
2.8
5.0
5.1
5.0
2.4
1 .6
2.6
1 .8
4.7
5.5
6.7
6.5
2.3
3.8
4.0
4.5
8.6
8.1
8.3
7.8
2.6
1 .2
1 .6
1.0
6.1
6.4
5.6
5.8
2.0
4.2
6.4
6.6
4.8
5.7
5.9
6.1
2.1
5.8
3.7
8.3
1.7
6.0
4.8
5.6
I
II
III
IV
ANNUAL
SEE F O O T N O T E S F O L L O W I N G
R=RE V I SEP
P = PREL.IMINARY
TABLE
6.
JULY 3 0 , 1 9 7 9
S O U R C E S B U R E A U OF L A B O R S T A T I S T I C S
APPE.'OIX TABLE ?. NONFARM BUSINESS SECTOR, ALI PERSONS: PRODUCTIVITY,
HOURLY COMPENSATION, UNIT LABOK COST, AND PRICES, SEASONALLY ADJUSTED
YEAR AND
QUARTER
OUTPUT PER
HOI IH
OF ALL PERSONS
OUTPUT
HOURS
OF ALL
PERSONS
COMPENSATION PER
HOUR(1)
REAL
COMPENSATION PtR
HOUR(2)
UNIT
LABOR
COST
UNIT NONLABOR PAYMENTS (3)
IMPLICIT
PRICF
DEFLATOR
INDEXES 19675100
1976
1977
I
II
III
IV
tli.6
114.4
114.8
114.9
125.5
126.6
157.4
128.3
11 0 . S
110.6
111.0
til.6
187.9
192.0
195.8
199.9
112.3
113.4
114.1
115.0
165.4
167.8
170.5
173.9
155.1
155.6
15b.4
157.0
161.9
163.6
165.7
168.1
ANNUAL
114.4
126.9
111.0
193.8
113.7
169.4
156.0
164.8
I
II
III
IV
116.4
1 IS.9
117.0
116.8
131.7
133.4
135.6
136.4
113.2
115.1
115.9
116.8
204.1
207.5
211.8
215.8
115.2
114.9
115.7
116.4
175.4
179.0
181.0
184.8
159.1
163.2
167 .0
165.8
169.6
173.6
176.?
178.3
ANNUAL
116.5
1 34.3
115.3
209.8
115.6
180.1
163.8
174.5
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RA TE(5)
197 6
I
II
III
IV
ANNUAL
1977
I
II
III
TV
ANNUAL
6.8
2.9
1 .5
0.4
12.7
3.4
2.8
a.8
5.6
0.5
1.2
2.4
8.9
9.1
8.2
8.6
4.3
4.3
2.4
3.2
2.0
6.0
6.5
8.2
1 1 .6
1 .2
2.1
1 .5
5.0
4.4
5.1
6.0
3.5
6.9
3.3
8.3
2.4
4.7
6.9
5.4
5.1
-1 .5
3.8
-0.8
11.1
5.3
6.6
2.4
5.8
6.8
2.7
3.2
8.7
6.9
8.5
7.9
0.5
-1.1
3.1
2.4
3.4
8.5
4.5
8.7
5.6
10.5
9.9
-3.0
4.1
9.1
6.?
4.8
1 .8
5.8
3.9
8.2
1.7
6.3
5.0
5.9
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)
1976
5.6
i.6
2.0
2.9
8.8
8.0
5.6
5.3
3.0
4.2
3.5
2.4
8.1
8.3
8.4
8.7
1.6
2.1
2.8
3.5
2.4
4.5
6.3
5.7
13.6
H.O
3.0
4.0
5.8
5.6
5.2
5.1
3.5
6.9
3.3
8.3
2.4
4.7
6.9
5.4
I
II
III
IV
2.5
1.4
1 .9
1 .6
5.0
5.4
6.4
6.3
2.5
4.0
4.4
4.6
8.6
8.1
8.2
8.0
2.6
1.3
1.4
1 .2
6.0
6.6
6.1
6.3
2.6
4.9
6.8
5.6
4.9
6.1
6.4
6.1
ANNUAL
1 .8
5.8
3.9
8.2
1.7
6.3
5.0
5.9
T
11
III
IV
ANNUAL
1977
SEE FOOTNOTES FOLLOWING TABLE 6.
R = RE V ISED
P=PRELIM1NARY
JULY 30,1979
SOURCE : BUREAU OF LABOR STATISTICS
APPENDIX
YEAR
ANO
QUARTER
OUTPUT
PER ALLEMPLOYEE
HOUR
TABLE 3. NONFINANCIAL CORPORATIONS: PRODUCTIVITY, HOURLY COMPENSATION
UNIT LABOR COST, UNIT PROFITS, AND PRICES, SEASONALLY ADJUSTED
OUTPUT
EMPLOYEE
HOURLY
REAL
HOURS
COMPENSAHOURLY
TION
COMPEN(1)
SATION(2)
UNIT
LABOR
COST
UNIT
NONLABOR
COST(8)
TOTAL
UNIT
COST
(9)
UNIT
PROFITS
(10)
IMPLICIT
PRICE
DEFLATOR
INDEXES 1967=100
1976
1977
115.1
115.4
115.8
115.5
1 32.6
131.6
1 34.4
134.8
115.2
115.8
116.1
116.7
186.2
190.1
194.0
198.1
111.3
112.3
113.1
114.0
161.8
164.a
167.6
171.5
186.6
187.9
189.1
191.3
167.8
170.4
172.8
176.3
117.8
112.6
111.3
107.0
160.4
161.8
163.7
166.0
ANNUAL
115.4
133.8
116.0
192.(1
112.b
166.4
188.7
171.9
112.1
163.0
I
II
III
IV
116.6
1 16.4
117.6
117.1
138.4
140.4
142.7
143.4
118.7
120.6
121.3
122.5
202.2
205.5
209.8
213.5
114.1
1 13.8
114.7
115.2
173.4
176.6
178.4
182.3
191.0
192.4
194.8
198.7
177.7
180.5
182.4
186.3
114.1
123.3
130.9
122.2
168.3
172.0
174.7
176.8
ANNUAL
116.9
141.2
120.8
207.7
114.4
177.7
194.3
181.8
122.7
173.0
I
II
III
IV
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL
1976
1977
PATE(5)
I
II
III
IV
4.1
1.0
1.5
-1.0
12.6
3.1
2.5
1.0
8.2
2.1
1.0
2.0
7.5
8.7
8.5
8.6
3.0
3.9
2.7
3.2
3.3
7.6
6.9
9.8
-5.8
3.0
2.5
4.8
0.7
6.3
5.7
8.4
57.8
-16.5
-4.6
-14.6
5.5
3.7
4.6
5.9
ANNUAL
3.2
7.4
4.1
8.3
2.4
4.9
0.1
3.6
22.1
5.2
I
II
III
IV
3.7
-0.6
4.4
-1 .8
11.2
5.9
6.7
2.2
7.2
6.6
2.2
4.1
8.5
6.9
8.6
7.2
0.3
-1.1
3.2
1.8
4.6
7.5
4.1
9.1
-0.7
3.0
1.9
8.5
3.2
6.3
4.3
9.0
29.5
36.4
26.8
-24.1
5.5
9.1
6.5
4.8
ANNUAL
1.3
5.5
1.2
8.2
1.6
6.8
2.9
5.8
9.4
6.1
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS
197 6
1977
YEAR(6)
I
II
III
IV
6.7
3.5
1.5
1.4
10.5
8.9
5.8
4.7
3.5
5.3
4.2
3.3
8.3
8.3
8.4
8.3
1.7
2.1
2.8
3.2
1.4
4.6
6.8
6.9
-0.2
-0.9
0.5
1.1
1 .0
3.1
5.0
5.3
71.6
32.3
1.1
1.8
5.8
5.5
5.0
4.9
ANNUAL
3.2
7.4
4.1
8.3
2.4
4.9
0.1
3.6
22.1
5.2
I
II
III
IV
1.3
0.9
1.6
1.4
4.4
5.1
6.1
6.4
3.1
4.2
4.5
5.0
8.6
8.1
8.1
7.8
2.5
1 .3
1.4
1.0
7.2
7.2
6.5
6.3
2.4
2.4
3.0
3.9
5.9
5.9
5.5
5.7
-3.1
9.5
17.6
14.2
4.9
6.3
6.8
6.5
ANNUAL
1.3
5.5
4.2
8.2
1.6
6.8
2.9
5.8
9.4
6.1
SEE FOOTNOTES FOLLOWING
R=REVISED
P=PRELIMINARY
TABLE 6.
JULY 30,1979
SOURCE: BUREAU OF LABOR
STATISTICS
APPENDIX
TABLE
4 .
COMPENSATION,
Y E A R AND
QUARTER
O U T P U T PER
HOUR
OF A L L P E R S O N S
OUTPUT
(7)
M A N I I F A C T U M I NLI
UNIT
LABOR
HOURS
OF A L L
PERSONS
INDEXES
197 6
1977
UNIT
LABOR
COST
1967=100
96.6
96.6
96.9
97.2
188.9
193.5
197.0
2 0 1 .4
112.9
114.3
114.8
115.9
155.1
157.0
158.9
162.1
ANNUAL
12 3 . 4
119.5
96.9
195.1
114.5
158.2
125.0
127.5
128.9
128.4
123.8
128.2
130.1
130.9
99.0
100.S
100.9
101.9
206.4
209.9
214.6
218.4
116.5
116.2
117.3
117.8
165.1
164.6
166.4
170.1
127,5
128.2
100.6
212.4
117.0
166.6
I
II
III
IV
I
II
III
IV
I
II
III
IV
ANNUAL
I
I I
I N
IV
ANNUAL
I
I I
III
IV
ANNUAL
SEE F O O T N O T E S
R=FIEVISFD
P=PRELIMINARY
EDI L O W I N G
CHANGE FROM
PREVIOUS QUARTER
AT
ANNUAL
RATE(5)
-2.4
5.1
2.4
0.9
7.9
5.1
3.7
2.5
10.5
0.0
1.3
1.6
9.3
10.1
7.5
9.3
4.7
5.3
1.8
3.8
12.0
4.8
5.1
6.3
4.4
9.5
4.9
8.3
2.4
3.8
2.5
8.1
4.6
10.1
14.8
6.2
2.4
7.5
6.2
1.5
4.1
10.3
6.9
9.2
7.3
2.0
-1.1
3.8
1.9
7.6
-1.1
4.4
9.1
3.3
7.3
3.9
8.8
2.2
5.3
PERCENT
1977
REAL
COMPENSAT I ON PER
HOUR(2)
COMPENSAT ION P E R
H O U R C 1)
117.6
119.0
120. 1
120.9
ANNUAL
1976
HOURLY
ADJUSTED
121.8
123.3
124.0
124.3
PERCENT
1977
P R O D U C T I V I T Y ,
SEASONALLY
1
II
III
IV
ANNUAL
1976
SECTOR:
COST,
CHANGE FROM
CORRESPONDING
Q U A R T E R OF
PREVIOUS YEAR(6)
9.7
5.9
1.0
1.4
14.7
12.8
6.4
4.8
4.6
6.5
5.3
3.3
7.9
8.1
8.3
9.0
1.4
2.0
2.7
3.9
-1.6
2.1
7.2
7.5
4.4
9.5
4.9
8.3
2.4
3.8
2.7
3.4
4.0
i.i
5.3
7.7
8.3
8.3
2.6
4.1
4.2
4.8
9.3
8.5
8.9
8.4
3.2
1 .6
2.1
1 .6
6.4
4.9
4.7
4.9
3.3
7.3
3.9
8.8
2.2
5.3
TABLE
6.
SOURCE:
JULY 50,1979
B U R E A U OF L A B O R
STATISTICS
APPENDIX TABLE 5. DURABLE MANUE AC TIIRI NO SECTOR: PRODUCTIVITY, HOUHI Y
COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(11)
YEAR AND
QUARTER
OU.,..f PER
HOUR
OF ALL PERSONS
OUTPUT
(7)
HOURS
OF ALL
PERSONS
INDEXES
1976
1977
COMPENSATIUN PER
HOUR(1)
REAL
COMPtNSATION PER
HOUR(2)
IINll
LABOR
COST
1967=100
T
II
III
IV
116.6
118.5
119.3
118.8
110.5
113.1
114.9
114.9
94.8
95.4
96.3
96.6
191.2
195.5
198.3
202.7
11'4. 3
115.5
115.6
116.6
164.0
165.0
166.2
170.5
ANNUAL
118.4
113.5
95.B
196.9
U5.5
166.3
I
II
III
IV
119.1
121.9
122.9
122.1
117. <
122.'
124.1
125.5
98.6
100.4
101.5
102.7
208.2
211.8
216.5
220.4
117.5
117.2
118.3
118.9
174.9
173.8
176.2
180.4
ANNUAL
121 .5
122.5
100.8
214.3
118.1
176.4
PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5)
1976
197 7
I
II
III
IV
-1.6
6.6
3.0
-1.6
10.6
9.5
6.5
0.0
12.4
2.8
3.5
1.6
8.5
9.2
5.9
9.2
3.9
4.4
0.2
3.7
10.2
2.4
2.8
1 1.0
ANNUAL
4.7
10.0
5.0
8.4
2.5
3.5
I
II
III
IV
0.8
9.8
3.3
-2.4
9.2
18.0
7.7
2.6
8.3
7.5
4.3
5 •
11.3
7.1
9.2
7.3
3.0
-0.8
3.8
1.9
10.5
-2.4
5.7
9.9
ANNUAL
2.6
7.9
5.2
8.8
2.2
6.1
PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)
1976
197 7
I
II
III
IV
9.8
6.5
1.3
1.5
12.2
13.0
8.0
6.6
2.1
6.1
6.6
5.0
9.1
8.6
7.9
8.2
2.5
2.4
2.3
3.0
-0.7
2.0
6.5
6.5
ANNUAL
4.7
10.0
5.0
8.4
2.5
3.5
I
II
III
IV
2.1
2.9
3.0
2.8
6.2
8.2
8.5
9.2
4.0
5.2
5.4
6.3
8.9
8.4
9.2
8.7
2.8
1.5
2.4
1.9
6.6
5.3
6.0
5.8
ANNUAL
2.6
7.9
5.2
8.8
2.2
6.1
SEE FOOTNOTES FOLLOWING TABLE 6.
R=REVISEO
P=PRELIMINARY
JULY 30,1979
SOURCE! BUREAU OF LABOR
STATISTICS
A P P E N D I X TARI.E 6 . N O N D U R A B L E M A N U F A C T U R I N G S E C T O R ! P R O D U C T I V I T Y ,
COMPENSATION, UNIT LABOR COST, SFASONALLY
A0JU3TFDU2)
Y E A R AND
QUARTER
O U T P U T PER
HOUR
OF A L L P E R S O N S
OUTPUT
(7)
HOURS
OF ALL
PERSONS
INDFXES
1 976
1977
1977
129.0
128.7
128.6
130.6
99.1
98.2
97.8
98.1
185.8
190.7
195.2
199.7
111.1
112.7
113.8
114.9
142.8
145.5
148.4
150.0
ANNUAL
131.9
129.2
98.4
192.7
113.0
146.7
I
II
III
IV
134.7
136.6
138.*
138.7
134.2
137.6
139.0
139.7
99.6
100.7
100.1
100.7
203.6
206.6
210.9
214.5
114.9
114.4
115.3
115.7
151 .2
151 .3
151.9
154.7
ANNUAL
137.2
137.6
100.3
208.9
115.1
152.3
CHANGE
FROM
PREVIOUS
QUARTER
AT
ANNUAL
PATE(5)
I
II
H I
IV
-3.6
3.0
1 .5
4.7
4.2
-0.8
-0.3
6.2
8.0
-3.7
-1.8
1.5
10.2
10.9
9.8
9.4
5.6
6.0
4.0
4.0
14.3
7.6
8.2
4.5
ANNUAL
3.9
8.9
4.9
8.2
2.3
4.1
I
II
III
IV
4.9
5.7
6.8
-0.5
11 .5
10.4
4.1
2.0
6.3
4.4
-2.5
2.6
8.2
6.0
8.5
7.0
0.1
-1.9
3.1
1 .6
3.1
0.3
1 .6
7.6
ANNIIAI.
4.4
6.5
2.0
8.4
1 .«
3.8
CHANGE
FROM
CORRESPONDING
QUARTER
OF
PREVIOUS
YEAR(6)
9.4
5.1
0.6
1 .4
18.5
12.5
4.1
2.3
8.3
7.0
3.4
0.9
6.6
7.4
8.8
10.1
0.2
1.3
3.2
4.9
-2.6
2.2
8.1
8.6
3.9
8.9
4.9
8.?
2.3
4.1
I
IT
III
TV
3.5
4.2
5.5
4.2
4.0
6.9
8.0
6.9
0.5
2.6
2.4
2.7
9.6
8.4
8.0
7.4
3.5
1.5
1.3
0.7
5.8
4.0
2.4
3.1
ANNUAL
4.4
6.5
2.0
8.4
1.8
3.8
I
IT
H I
TV
ANNUAL
1977
1967=100
130.1
131.1
131 .6
133.1
PERCENT
1976
UNIT
LABOR
COST
T
II
HI
TV
PERCENT
1 976
REAL
COMPENSATION PER
H O U R (?)
COMPENSATION PER
HOUR(1)
HOIIRL V
SEE F O O T N O T E S FOLL O W I N G
R=REVISE0
P=PRFL TMINARY
TARI.F
6.
JULY 30,1979
SOIIRCF: B U R E A U O F L A B O R
STATISTICS
Chart 1. Productivity, hourly compensation, unit costs and prices
in the p r i v a t e business sector
(percent change from preceding quarter at annual r a t e )
Output
per hour
Compensation per
o f all
persons
hour o f all
Hi
persons
ir
-3.8
Chart 2. Productivity, hourly compensation, unit costs and price;
in the n o n f a r m business sector
(percent change from preceding quarter at annual r a t e )
Output
per hour o f all
persons
II
-5.7
i
i
i
Compensation per hour o f
Unit labor
all persons
cost
Unit nonlabor
payments
II
6.2
Implicit
price
deflator
Chart 3. Productivity, hourly compensation, unit costs and prices
in nonfinancial corporations
(percent change from same quarter a year ago)
Output
per
hour o f a I! employees
15
- I 10
5
0
Compensation per hour
o f all
-5
employees
-
15
-
10
::
- i 15
10
5
Unit nonlabor
payments
0
25
20
15
10
5
0
Implicit
price
deflator
~5
15
10
5
0
Chart 4. Unit costs, unit profits, and prices
corporations
in nonfinancial
(percent change from seme quarter a year ago)
20
10
0
30
20
10
0
-10
20
15
10
5
0
80
70
60
50
40
30
20
10
0
-10
-20
-30
@FedFRASER