The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
v
u. S.
~EWS III
DEPARTMENT OF LABOR
OFFICE Of lIFO RMlTlOM , IISHI.mH ,
lIuhlnlj:ton ,
D. C.
L.J. Fulco
( 202)
( 202)
20212
961-459], 2718
961-291)
(20 2)
333-1384
K .D . Hoyle
~-
o. C.
10110
75-299
USOL
FOR RELEASE 11:00 A.M .
•• dnud.y, May 28, 1975
PRODUCTIVITY A.~D COSTS IN NONFINANCIAL CORPORATIONS, FIRST QUARTER 197 5
( a nd Rovi ud Figur e. f or tho To •• ). Priv a t e Economy , Hut Qu,orter 1975)
Produc t ivity io nonfinancial oorpora tion.
Urn
in e~e.&.o
by 3.4 percont in the
qu a n u of 1975 at • • • at onally a dj usted annual rat< , <he h~eau o f
Labo" Stathtlc o of , he U.S. Dopar' ... nt of Lahor uport*d today ,
In the proc odlna quort or , productivity doc lined 2.1 vereen.
i~
The increase
,hi • • ecto~
" h ieh includ .. all corpouHono dOing bu .1nuo in tho United Statu UOQP' ~ank.,
productivi ty inoruu
1n the f; rs t quarter "'a. tho first increase .in c e tho
Rov1ud "'enu r e. foe th. totol p r1vato .conO<lY a ~d for th O n~r.h"" and " anufactoring aector> abo "'ore cd.... d today.
The n vbod data ohwed thot __ at
pUC.nt in th* nonhno &e ctor. a nd 8 . ~ p ... ccnt 1n u nubctudng.Hut ~uaru r ligue ..
foe nonfinancial corpou, 1on. , the total private , nonf.,.... , and lOanofaaur1 ng ao~to<o
.u
s ..... ar h.d in tabl. A; dota1h au In tables I-I; .
,
Tabl_ A.
..
PorcoM
Ch."i"
M Annual R.ot .. in Productivity and Co'"
(SuoQ"ally AdJust.d)
4th Qua ner 197.
ist Quarto< 1974
lot M rter 1975
1st (!unto' 1975
,..
,
Output POT "'an-hour
..
1:/.1
,o.
tconOOlV
(R.vlsod)
~
lOOn-hour
!:nit l.hQC coot "
Ru l C""'penoa,jon
,o.
U
10 .4
10.6
-U . 8
M a ~-hou"'
- ll.~
Nor.h= S.ctor
(R.vlo~Q)
,., " . n- hour
,.,
~
Co"pOnution
"an-hour
Unit laoQr costs
Rul C"",p~n . . tio"
~ . n-hou,
Output
Ou,?U' po, ~a" - hour
eo",,,en .. Uon pe r "'an-hou"
Unit labor co,,,
Co~~ . n .. t io~
O"';>U,
'f~,,-hCil"
per
" . n - ho~r
..,..,
,..
12.6
...
0.'
U
~
..,
13.1
21.6
U
10 .0
..,
12 . 7
U
- D.l
-11 . 5
~
,..
10.6
11 ••
,o.
~... n-"OUT5
~
,.,
man-hour
o-~tput
Real
U
•••
Pdv~to
,o. WOn- hour
""<,u,
Cc""",,. . ,IQn ,o.
Outv~t
,.,
,.,
11. 0
11.4
- 14.3
-17 .1
M . ~-ho~rs
Tout
~
,. ,,
=penution
~an-hOUT
Unit lobo; coots
R. d C""pen •• t1on
.... n - hour
OutP~t
"
U
~
,.,
n,2
14.7
-n . I
'-'
U
-12.2
-25. ;
-i1.0
,
Hourly OOlO.p*nut!on (which includ . . both "asu and
.up~l_"",.)
In 'he non-
H ..... nelAl eo . pc •• t. uo<or ineruud i2.1 ?ucont In tho fir .. quo""', """'pored
>It,h an i"nun of IO,S "eree,,' In 'he
pre<edln~
incn. . . In hourly cO<Ipo". . <1on In 2 yeus.
1~
Th. Ineruu
fon""ln~
oOlllponution
1n.~
eouphd"i.h ,." .,..lIn lnern. . in prQdue'lvHy , . ."Ited
lncruu In unit labor cOst.
This "OS the h,su.
quoner.
8.S i"'TCen<
on Inou ... of 12.9 peTee"' in ,h.
The l i ... quarter lnoro ... "'.. the .... 11 .. ' Inauu In unit
pac.ding quane. .
labor coot" olnce ,h. third quarto. of 19J1.
Rul ",,"'pen. . ,lon pu un-hour (""uri)'
c=?e~ .. t!o"
odju.ud for ehugu In
the eo.,,,,,,"u Price lrld",,) Inc .... od •. 2 porcon. In 'he HUt quute, In nonflnanThh " .. the It ... Inauu sinoo ,he flu, quo"e. of 1913.
chi oo,;><>,oUon. .
In the ,,05 ' 8
quuua, unit pro£itl h.,"
''''''or
t~an
at any
t1~c
~eclin.d
bu.lne~o
excc~t
one
a ~cl
"OW "and
slnco 'he ucend quarter of 1912.
Unit nonhbo, coots (ine1udln&
and Indirect
ie. . .en quaT<U
co~ltai
cono""ptlon allO\lanceo . net Interest.
taxes) in«<and 28.6 pe,eent In the fI, . . qUattH. the
laTic.t .ueh Ine,ea •• ,ecorded since
19~8 ~hen
'hc scrles be,ln •.
In the p,e-
ceding pOriod. unit nonlaboT co," In«. .oed 16.1 percent.
rhe l .. pHdt pdoo ddlHor (vhich coflce<_
~evhed
Rev'sed
~a.ure.
fiut Qun'H Mu.u,n
of output pcr
aa~-~cur
chan~e_
\n unj, l abo, coots,
IN the Private [con,",,'
.n~
rcla,eQ scrleo fOf 'he
ceon"",". 'he ncnh,"", .. «or. and 'he "anufactHln5 ",cto< oce
.=."hc~
r,lv~tc
In
tabl~
5.
an annual
The <evi •• d "'... u<os
r~to
.h""
that p<oduotivity in tho fir .. quarter
-- doclinod 0 . 2 pu oent i.n th e private econo=y,
nophna . . etor. and $.0
por~ent
in "" nuf acturini.
l.~
3t
p . . c~nt In
th~
Thuo "" .. "u. "ere puvlo""J.y
u?orUd . . a 0.6 pU<*M incrun in tho private •• ctor and as ded\~u of 1.1
p«cut nd 7.2 percent In th* n<mfa ..,
The u'doloM ptincip,ll y
,..noc,
~nd
~."d.ctu<1ng
revh~ outp~t
U<'O"S,
"U8uru for
th~
"up~ctivdy.
fiut quarter.
Baud On thO u vi u d figuru, produ <t1vlty 0 .. dool1ned for 8 consHutive
quArt.,.. in the non £'.,. UctQr . nd for 3
and In tho
",anulact~rln8
.. etc< _
~u.rur.
Su t.H .. 1- 3.
in 'he totd
pTivat~
eoonOlOY
,
Tablo B.
Pul1mlna ry and ltev iud
'{ u. ~ ,.
.. ,
Firs< Qua,,*e 1975
PorCH' Chanl\e fr"" Pr~IQ~ ' <{,," c al" .t Annu. l 14a
(Sen onolJy Adjutted)
Tot.l P,!v., . Economy
pe r ~n - ho u r
=ponsatlon pc< "a~-ho ur
unit labor eosts
R~.i Cocpon •• tlon PQ< man-hour
(lu,PU"
OutP~t
Ita~-houro
Output po, nan- hQu r
C"",.enution pe< "~n - h~~<
Unit labor ooH o
Pr ol llllnuy
Rov is.d
0.'
- 0.'
10. 4
10.6
-11 . 2
- 1l . 7
-ll. S
U
- ,.,
'-,
- ,.,
10.5
11.4
,.'-,,
lQ . 4
'-'
-11. 6
R•• l C=penutlon per ... ~-hOUT
Out;>ut
O.i
0.'
- 12.6
-13.1
>lao-~.ouu
-H.b
-II. 5
- J.2
-
Out!""
per .... n-hoo,
Co lll pe~sat1<>n
pH
Unit bbo r <",Oto
R.d Co",p.n . . ti on
... n-hour
13 . 6
22 .4
p~< "'n - ho ~ r
'-'
O~tput
-31. 4
Ha~-ho"ro
-26 . 1
'.0
..
J3. ,
23.6
,
- 31, J
-1 S, 1
UBLt I.
~OU"ll
.,"
'UR
O\I'~'FP
NI~UT
~"
"'''_MOUIt
-----,
'~H
I
I~UL
c~rE~S"ICN.
M,"-HOOJf!S
OOJ'PIH
«'''''[''SAflON
P(~
''''''-..ouR, II
lN~'ES
1l?8
II ~ . ~
I 10. ~
'23.9
12<.0
' 7l.2
119.9
I '~.9
119.9
109.8
108.'
A"NUAL
112. I
'22. ~
1 19.~
IU.l
",. '"
116.21t
Ih.9
-------
., ,
,
'",."
,97<
,,,,WOl
I ~"
.. ,
P[RCEN' C"'O!GE
-I .]
-1.0
-5. ,
-l.o
-I ' ••
-0 . 5
-5 ...
-2 ...
_2 • •
0.1
-------------_.. _--,
...
-0.
l~
-Il.op
..
-~
_~.
"d
J
'""
_'.2
-1. ,
- J•3
'~NUAL
_~.b
_2 • •
-I ."N
- •• J~
191~
-2"
_s ...
-----------------------r ..,c( '.
sn
r~Ol ~ OTn
~oRnlSfu
rul.L~wINe
III • 0
157.7
lU.5
Il , • 1
'66 .1
III • 1
IU . l
I' 0 • J
11l.2
no.'
IJ9.,
1. . ,1
-II.".
~O.l
..-..,
-I.Q
~
PPICt
ot'lOlOR .. ,
1 3~"
I )9. ~
I oJ. 3
15.1 ••
"a.5
, ofl.]
"'~. ~
D' ••
,41.6
IlO.n
114.5R
151.6R
'01.1
PREWlOU5 QUARTER
Il.I
10. ,
-0. 1
16.~
-2.3
12.6
I l ••
"
-~.a
,
10.'
.,.
I •••
I I ...
"1 • oR
. .... Un AalEI5'
-)
I ...
12,J
I~ ••
.... 8
II ••
5.J"
10.6"
-l.9
-1.7
- 1 .6
- l.'
II • 1
11 ••
U.l
-I.q
II • Q
-0 • oR
11. ' 0"
II .9
"
II .5
'"
I'')
---
,
"
'.'
~
..."
."
',.
.
I •• ~
"
10 . l
II.J"
-----------------Mn 2 • •
1915
SOURCE' ftUNE.u
'''PLICIT
Ill. 1
I J5. 0
I ]9. ~
c ... It4;f. fHO .. COHltoSPOHOIOIG Qo.ArfJi....,,~U5 Y[AA'"
PfPCU"
191<
1',,-
l"!OR
111£">5']'
------.
.,,,
.,. .,,...
,
....
,..
.. ..
.,.
..,
,..
•••
".
'.'
,..
.,.•••
'.'
~RO~
-8.a
_T ...
M""-1fOI/ft.2,
~"
LUOR
CO$1S
UltlT
196'_ 1"
,,,"
,"
Ql~
R(Al
COOIP["50flO" PER
- - --------
~--- --
1l~ . 1
_.
P~!~Al( [CO~O~" QUIPUT rrR NAN-"OUH
UNIT COST. AND PRICtS. SEASONALLl AP4USIEO
~
lOSON Sf.TISIICS
"<lU Tp UT P(R
P"I"T~ NOHf'""~ ~CONO ~"
CO"P[~S.JION . U",J to", "NO PRICrS.
hUU 2 .
MOU~l'
vql' .•• _ ~
~I"~"O
M"N-!iOU~
,0JuST~o
S(oSONALl'
Rf.AL
Pf~
O'Jl" ,1!
~'~_Hrll'~
COMPf.N~'
COM" ENS'-
flON
Jl ON prR
P(~
"'N_~O"'"
I,
MlN_HnuR,2,
UNIT
UUOR
C05TS
UN!T NON_
l..eoR PA'-
MFNT5')'
INPLIC]T
PRICr
otHAlO .. ,.,
--- ------------------------------------- - -------------TNOU rS IQH_IQQ
,
I Q10
'"""
... .,.,
I
~1,
,
I .".
'""'"
12' ••
lI1.~
j(.q ••
17.j ••
I ?o. ~
I II . '
I II .~
11 O. I
I~ •. I
160 ••
164.2
161 . q
I 10 ••
10.1
III .1
J"~.I
1(",. ""
11~.2 ~
I.~.'
J n. TN
III • ~
I II • 0
I 10.3
-~.
,
12 •• I
-~,
_0. "
_l • •
-9. J
-". "
_7 • .,
~
..
,
-2 . 0
_2.
_l ••
,.'.,,
-~
..,
-b,l
..
"
•••
'.'
•••
II ••
II <>.2
1I0.l
l Oq ••
I ~e, 8
.....
139.'
121.~
lJloJ
tH ••
lJ8.0
l<.B.a
131 ••
I'l.~
153.S
IJ5. ~
1".1
1 09 . 1
"b.~
12'. I
1".0
I OA. Q
a7 .7"
I",o~
I>I.ON
-3.0
•••
-3. I
-2. I
16.2
1).1
12.b
13.)
". ,
13.3
16,~
IA • 1
13, I
13.1
12.~
Tl.~
H .I
'.'
_ 1 .?R
t}.
-1J .l k
-11.5"
13.9
0.'
11."
't~
----------_._---- ---------------------QU,.Tf"
--- -of ---- -.FO.'"
------- ----------- - - ,
,.,
,.,
,
-2. J
I 'n.
". ,
"
10.5
-2.J
- 1•
1\ ••
U
- I •5
".0
"
•••
-2.0
,
-1
,8
12
•
•
II
••
12.4
-2.1
'.,
'"
jJ.5
-1.q>O
12. 1
-5.3
-2. 0"
13 . '
'~'''' 'L
-I • ~
Il.
~
J~
~.'p
'"
P f~ r~NT
.
'N~"".
T'7~
-~ol
-Q.~
_l.~
_L.a
-2.'
-2. _"
-,
.5~
C ~ '~~E
..
..,
-'. "
-----~ -- --~ ~------.---------$-£ (-"OO!NOTF~ f OU"_\NG TARL (
.,
"~RnI5[U
..
~ RO~ CO.~[S"OND1NO
0.'
""~~Inv~
~
..
•••
-I.'
12 . 0
10 . 0
-1.2
1?.1A
.-------- ----"- ------
o. ,
I'. ~
II • I
il.2~
-~ -- ----- -
"AT 25 . Ins
SOURtE: BUREAU OF LoaOH $T. 11STICS
T~8L£
3.
SECTOR: OUTPUT PER "~NwHOUR , HOURLY
UNIT LABOR COSTS, SEASONALLY AOJUST EO
"~HUF~CTURIN6
COMPENS~T10H,
INDEXES 1967-100
19H
1
11
I II
IY
U>lNUAL
,
128.2
129.8
129 ."
129 . 1
129.3
132.3
132.9
132.8
127 . 8
131.8
126 . SR
1I6.2R
103.2
102 ••
102.6
99.0
101.9
15 •• 0
159 ••
163.3R
168 . 7
16 1 .2
1 08 . 9
10 9 . 6
1 09 . 0
109 ••
109.1
120 . I
122 . 11
126 . 2
130.7
12 • • 6
17 •• 3R
1 11 . OR
Ill . 8R
1915
91.9R
-------------------------""'0,-'"'"'''',-'''HAN6£ FROM PREVIOUS QUARTER AT
,
1974
'""
"
ANtMAL
,
,.,
,.,
,.,
..
.-.
,
..
,
- 5.8
w
0.3
-1 • • 2
-
0.6
-
..,
•• 6
- 3.3
-13 ••
_ I ••
1 'H5
8.0R
..
-25.7R
....
------------------------,O,.',-,"£NT CHANGE FROM
,
19H
"
'""
,
..
•••
,.,,
•••
•••
,
M
..
•••
•••,
,
•••
,
,.,
,_.
1975
1 .3R
SEEfOOTHU TES fOLLOWtNG TABLE..
~
_ R(YI"tn
-1l.OR
------
..,,.,..,
,,..
.,
~ NN U ~ L RA TE lSI
,.,
H .9
10.2
13.9
'"
,.,,
,.
11.5
,
..
15.0
2l.6R
13.7R
P'i,"",O,O,"'''',--c'",.,.,.,'''''-------------------,.,
,
,,.,.,
,.,
,,..,,
10 . I
..,
II.J
..,
'"
,.,
..
10.J
1).2R
...
10.9
1 • • 7R
-c,",,,,",",",",-"""'<"'"'-'O,,,,C'"";'''''''"'~'''''<''T~--
i'lAY 28. 1915
T~BLE
••
NONFIN~NCl~L CORPORATIONS: OUTPU T PER HAN-HOUR. HOURLY CO HPEN SA T ION
L~BOR COSTS. UNIT PROF I TS ~NO PRICES. SE A SON~ L LY AO~USTEO
UNIT
------------------.~""
--.~YEAR
OUTPUT
COHf>ENSAREAL
dNO
PER
OUTPUT
H.,.. -HOURS
ltON PER
COHPENS~ (,H!AIl T<" fj
HAN-tWUR
HAN-HOUR
ltON PER
...,,~~-----------UNIT
UNIT
TOTA L
UNIT
I HPLICIT
L~BOR
COSTS
NON LASOR
UNIT
COSTS
PRO FITS
PRICE
DEFLAtOR
- - - - - - - - - - - - - - -_____cL'llt''",,"'".~.~'"-,''~O~"~.h'~'t''---_-I'EO~'~'j
'"'"·"''__'l''''__-''lIEO"'________
INOE~ES 1967~IOO
,
I'IH
II
III
'"
.N1 W~1
118.5
1 18.S
117.7
117. I
1 P:1o 0
1]0.t.
130.2
129.5
126.0
129. I
110.2
109.9
118']P
121.]P
102.1P
---- --------,
,.,
,.,
,.,
"
201
'"
- 2 .S
ilO.O
107.6
109.4
157 .1
161 .5
165.]
169 . 5
163.3
Ill.2
Ill. I
110.]
109.9
II 0.6
132.6
Ill.lP
..,. ,,
1] •• 2
1]1.9
801
1.4
ANNU~l
, .I
?.2
,
-----,
,
I.'
,..
"
,.
,
"''"
,.,
-10.2
2 ••
1.2
O.S
8.3
0.3
'.0
0.'
,.,
I.'
1l.7
10.5
•••
I .,
86 . 8
90 . 9
90.1>
140 ••
1~2.~
h~.6
1]8.~
1.7.9
1.0.<;
1.1.1P
IS1.5P
150.1P
PERCENT CtlANGE FIoIOH PREVIOUS QUARTER ... T ANNUAL RATE
1 ..,. f ~
1]3.0
1]6 .1
UO.9
145.5
139 .0
136 ••
14.9
11.9
12.5
12.9
I I •3
1].9
88.8
119.2
12.IP
19H
.. ,..
,.,
14 .6
11."
1].9
lI .b
12.9
16. I
10 .]
13.1
28.6P
I J.3P
-1 2.3
20 . 2
, •0
,.,
7.7
11. 0
I I . ..
12 . 6
11 • 3
1I • 3
'"
IO.7P
· - - - - - - - - -- -pEACE""'"""'"ANGE F".~O~''''O."E"'"'"O""~'"''OEC.'.o----------------------
ANNUAL
,
8.5P
13].3
137.0
131 . 5
151
1 cP'i
3.~P
126.0
129 . 11
0.1
I ••
'-'
I.'
0.'
,.,
0.0
0.'
,.,
..
'.7
,to.O
,.,
,.,
I ••
I .,
1 0.8
,. ,
I ••
•••
12.3
13.0
•••
..,
n. D
11.6
10.2
12.0
13.2
II.]
\].8
10. ]
11.4P
17. ]P
12 .9P
11.0
..,
5.6
0.5
0. 4
0 .9
1.1
10.1
I I •1
0 . 5P
11.5P
'"
,
..
1975
- O•• P
- 7.2P
6.8P
----~~'"~~c=~
SEE
fOOTNOTES FOLLOWING TA8LE ~.
p ~ PRELIMINARY
II.OP
-
D. 1P
-
-------------.,"0"".'~'<E7,-.;"".;E'."""0"'CO'~A·~OR
HAY 28 .
1915
STATiSTiCS-
FOOT?;oTES,
TAELI:S 1 TO 4
SOURcr: Output data fro~ th~ Bureuu of Eco~~jc Analysis, U.S.
Dep~r:r-cnt of Co~~erce and the Federal Reserve Board.
Co~pensatlon
and Man - hours data from the Bureau of Labor Statis~lcs. U. S. Deparlt:lent of Labor (lnrl the Bureau of Economic Analysis.
(1) ~ages and salaries of employees plus e",-ploye(s' contributions
for social insurance and private benefit plans. f.xcept for nonfinancial
corporations, where there are nO self-et:lployed, duta also includes an
estimate of wages, salaries and supplemental payments for the ~elf-empluycd.
(2)
Co~pensation
per man-hour adjusted for changes in the Consumer
Price Index.
(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 co",-pounded at annual rate from original data rather
than index numbers.
(6)
Current quarter
divi~ed
by
co~parable
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 Co::::oerce .
(8)
Unit non labor
C05ts
include deprecialion, interest and indirect
taxes.
(9)
Total unit costs is the sum of labor and nonlabor cost .
(10) Unit profita include corporate prcfits and inventory valuation
ad.lustm .. nt.
CHRR; 1. PRODUCTIViTY. HOURLY
COMPENSRTION UNIT COSTS AND PRICES
TOTRL PRjVRTE ECONOMY
(PERCENT CHRNGE fROM PRECEOING
QURRTER AT RNfJURL RA TE)
------_._ ....•·:-_ .. _-_._._---.
,,
,
----.-- ......;......
---.
"
,
.
.. ...
;
,
........ --
~
,,
,
,
.......
........ ,, ......... ,, .................. --.- ..- .. .
,,
,,
,,
COMPENS~TIOS PE~ M~~~OUR
,
,,
:
: f'......:
10.C
,
,
•...
,, --........ ,, ........ --. - -----.. ··l···f .... ~ .. ·· .... -..
,,
,
,
,-............ .
·
-
--
.
--.~
.
-.
---
UtllT
,
,
L~BOR
,
.. ........... _
,
COSTS
,
·•
............. . --
,
,,
~
,
r---~,
....-........... --........ +. --........ ..
.• ..........................
.• PPYr.ENTS-.-. ..
_•
•
UNIT
-- _...
NO~L~BOR
- ------
,
,
,, ........... ... ,,
,,
!I'PLlClT PRICE OEFLf'TOR
--~
_
..·····
,
is
"
5
,
"
,
_
,
....................
........... ..
............. : ............. _. __ ... __ .....! ........... __ ! ........ __ ...
,,
i
""'cL
,,
,
···· .. -- .. ·l .. ·· .. · .. ····.;.··
, .. _........
,
"5
5
,
.......... -- .........
-.................
,
,
19,0
is
is
.. --.. ···--··i--..
r- L .
,,
I SS9
-5
"
..............
.
•
•
••
•
•,
,••
,
........... --; ........ --...
. ......... ~ ............ . ! ..... --,-"'~,·i·
,,
,
j,
10 · 6
-- ........ ---- .. - ... , .............
------.(,.. ------.... ·+ .... ···· .. · .. 1·--..
,
,,
j
is
.
---.
"
,
. .... -- ... .. --......... ........... ..
5
,,
OUTPUT PER M~~MOU~
i
----------...... --.•........ -- ............... ........... ..
:
:
. :,
,
I S' I
1912
19,3
IS74
1915
,,~y
28. 19i5
-5
is
"5
,
CHART 2. PRODUCTIVITY , HO URLY
COMPENSRTJON UNI T COSTS ANO PRICES
PRIVATE NONFARM SECTOR
(PERCENT CHRNGE FROM PRECEOING
QURRTER RT RNN URL RATE]
OUTPUT
.............•......
,,
•
-
,,,
- .. ,
,
PE:~
M~NH OU ~
.........
,,
,,
,,
,
-
'
, ............ .
.............................
•
.
:
••
•
,
,
,•
············-t·······----..
+.. -..........,~·· ..·· .. ·....I·····
.. ·····.{
,
,
.
CO"PENSIIT10~
i
..
M~N~OU".
,
•
..... , ..................
.
-5
i
,
5
i-I.9
. . . ... ;·\. :. .:;·*. '.
PEII
J
9I . J
·~i·
....... .............
~
~.............
"
"S
•
o
,,
,,
,
-, ,
20
........ , ............ .
1I •4
,
.............................
,
,,
,
,
............ {,............. +' ............ .
,,
............. \ ...
,,
,,
,
,
..,
,
··,,
. . ____ • . . •••••• ____________
~
UNIT NONLII5011
..,,
...
..,
,
__ . . •• . . . . __ ·r ____ •• ______ • . . . . . . . ______ •• __ . .
........... .. j .. ----------. '
,
,,
.......... .. ,
,.
,
P~fMENTS
,
..
o
20
13.9
-- ... ~• ...... -------
· .... ----·~--· .... ------i· .... --------i.. . •••••••• t- .••..••••••••
""
,
"
,,
........... --'t ........--.. .
, ......,--~,'
,,
,,
,
,,
,,
,,
,
.
...,
-- ~
----.... ·· .. ·i·····.. ----.. ~............ --~ .. ·...... ----i .. ·--· .. ----·i--..
. ·.... -- .. +----........ .
·
5
. ..
.
., ,
..............,
....... -.. ---- ....--.
IMPLICIT PRICE
,,
,,
,,
., ......... _-, ......... --.----. ---- .. -- .. .......... _
........... ..
.................
-........ _.-,
: :
,
o
·5
20
12 . 3
--. -
OEfL~TOR
,
• .. ··· .... --;.--··
........ ·1·
,
, .. ·
,
! S5S
,970
197 !
1912
.... ;,......... ----+, .......... --.
.
,,
,
o
197~
H~Y
5
1975
28 . 19i5
CHRR T 3.
PRODUCTIVITY , HOURLY
COMPENS~TION
UNIT COSTS ~ NO PRIC ES
NONFINRNCIAL CORPORRT I ONS
(PE RCENT CHfiNGE FROM SAME
QUARTE R A YEA R AGO)
OUTPUT
PE ~
••
••
••
••
~~ N HOU R
•
._---.••----••
••
••
••
•
_.----- .. -----,----.... . ----.------••
•
•
--_. ---------\-------------;-•
_..
. - ----.~ .
•
••
••
••
••
-------,-----
·•
•
••
••
••
- -------:-------------••
.,
- ---- i - -- -- -- - ·· - -- -~ - - - -- -- - - - ---
•
••
.i
·,
,
.. ----------------------------------... ,
.
~--- --- ------
CO r\ PE N S~ TI O N
,
PER
0.'
.(
.
....-------_.. _- ....------_. _--_._------------.
.
i
:
:
o
,
,
~ ~N HOU ~
"
11.0
.. -.. -----.. -j--...... :.: ...t=-------.T-- -- ------ . --t.------------ ~-- ...._nn _
I
~
.....
--
.
•
-- --- ------- -, ---- -- -------{ ·----- - - - - - - ·-, - - -- - -- - - · -- - I---- - ---- -- --~ -- - -- -- - --- - - + ---
... -------
,
UNIT
.
---- ..-------1-· -------- .----;------
L~60R
•
•
COSTS
-~ -- - - --
I 1..
.. -- --: ---- _... -- .. -.--••
••
•
••
•
---_._-------_. ---- -----_... --.--------_. _..
•
UNIT NONLReOR
,
o
------ ----' ----_. -- .. ---:-----.
--_. ---{-------_. _.. •
••
••
., '::---_,J ------\---_
· .... _----,---. ..... -- ------------
•
----------_ ..•..
_- -•
--
••
•
_.....••
•
-._----------,_.
•
I~PLICIT
•
PR ICE OEfLR TOR
••
•
--.-- ........;. .... -----
--------j---
•
---,•
o
,
11 •5
•
-----_ .....• -._-_. .... _--_.
--_. -_._•
_...... _- ._--+-------_. _._•
••
1970
1 97 1
1 912
"
.~-
••
•
_... ._- _.. ,•-
•
-_ ..... __ ._------• ._---_ .. -". _.. _----•
"
•
·
------------j-------7- --------
1969
-.
"
-_._------------------11 .6
PAY~ENTS
-.. ---1--· -.--- --- --,-- _
••
•
•
----_ ... -;-.
••
••
o
1973
o
197C
1975
1915
MRY 2e.
CHAR T 4.
UNIT COSTS. UN IT PROFI TS AND PRiCES
NONFINANCIAL CORP ORATIO NS
( PERCENT CHANGE FROM SAME
QUART ER A YEAR AGOI
,
··
·
..
,
.............. ,
1,
UNIT LR IlO!!: COSTS
"
! I .•
,
.......... ... !............. ....... .......,, ........... ·· ,t··· ··· · ······i··
,
,,
.
~
.
•....•........•........
,
,
,
UN.IT NONLRB~R COS TS
·
.,
.
,
·,,, ------..... ,,,,, ..
---- ...•..
.,
,
_--_
.... _---_ .
,,
,
,
..............
,
,
'
,,
,,
,,
,,
,,
.,
····---·····-1----·········+·········· ···,·············t·-·········· · ;··--·_····--.
.
~~_/~'i'
,
,,
,
,
,
-----------.~-------------.-------------.--- -.
,,
,,
,,
,
~
--
••
,
,
,,
,,
.
-.-~ --- .-
.,
••• - - • • - ,•• +.- • • - . - ••••
,,
,,
,
.. ----;- -.-_ ...
,,
,
_._._-
-·_-0-····_·_---------_· __
12.g
1
tOTRL UNIT COS T
·,
,
'.
---------···- I·- --· ········~---·o·······--r-·-······-··_1··
.
___ · _···_··, ___
,
'
",
, _._. __ .- .j- . _•••• __ ._---;- •• _-- -------..... _-'" ......__ . _._.•..
--- --j-----------,,
,,
,
,
,
,
,,
,,
,,
,,
,
,
,
--- .•.. --- -··1 .. · --.. ·_· __ ·,-- -- -----· -------------1------·-··-,1------..
---- -+------------,,
,,
••
,
,,
•
,,
,,•
,,
,,
,
,,
,
,
,
:
I
_. __ .. __.. _-- •....
_--._. _.. _.. --.--------- • -------,,
--_._
··
··
.
·
.
·
""
---_ ... ----- -- -- -----.
----------- --
,
PROFITS
,,
,,
--.-.-.---.. -f·----------- -- -- ·-·-··· -- -f --- ---·,
,,
,,
,,
,,
---~__ . _. -- __ .. -..
· ---_.
-O_s
1969
1970
I 97 I
"
"
",
,
"
"
;
0
"
"
",
0
••
. ... ------ +• ... ----------
-,
_----.-.. --.----.- . - ; ------ - -- --- ... - .- .. - -------
-"
-"
..... .
.•
.,
,
--._------"'--_ .. ... .. .__.__ ._. _------ _._.• ... ... _---_._.. __. __ ... ,
_
",
0
1'7. 3
1
•
"
,,
,,
•
-
1972
1973
."
--'-------.- -----
! 975
1975
28_
-,;
@FedFRASER