Full text of Productivity and Costs : Productivity and Costs in Nonfinancial Corporations, Second Quarter 1975 (and Revised Figures for the Total Private Economy, Second Quarter 1975)

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NEWS
.-




lIuhingeo" • D.C.
L.J. Yulee (202)
';.D. Hoyh (202)
(202)

U5DL 1S-410
FOR RELEASl: 11:00 A.M.
lI.dnnciay. Augua' 27. 19n

20n2
961-4591. 2718

961-2913

333-1)84

PROOOCrT;VtT'! ANll C()5TS IN N()lIYIlI.I,!ICIAL CORPClI.ATIOHS, SECOND QilART£Ii. 191$

(a,d acvI •• d

~lSU~"

for tbe Total

PTl~.t.

Productivity to gonfiqans1al cOrp9t'tlono

i~e.e ... d

of .luo 11.1. llotputao". of Labor u porte d tcda".

&.vi.ad .... ur.. for

t~A

ECOnomy, Second

n...

by

no.

-- productivity [nsna. .d 4 . 3 pnc.". in

9.S p.rcent, a t ••••• ona11y

t~e

nonter.: and Donufactur-

rovi .. d duo oh.,...d th.u -

t~.

1915)

incr.... un,cud • 4.S puce"t

total priva •• econa.y and for

in, .eetou ,1.0 "o ro rolund t04y.

~rt.r

U

onn".l ut ..

pdnu !conOS)', S.8 porent in thoo .ll2!l-

en U",ru for ""nfina""lA1 cor1><>:ratlona, and the toUI prlv... , "<>Dbno, and can1lhctud"l ue toro aro . _ r h d 1n tabi. A; ciatdb ou in UbI .. 1-4 .

[Be .....a.

of 12.2 pucant 1D the pncadtna qunt.r.

Th. 1ncre••• 1n hourlY CQIIP."ut1on c~"phd

vith th. lar,u incr.... 1n product1v1<y .... tIlt.d 1n. 1.5 puc."t d.cH .... 1.J> unit 10bor coou, fcllowtn, .n 1Dcrea. . of 7.9 puc ont 1n th. pnc.d1nll <iuarnr.

T1>'_o " . .




,

Ta ble A.

Percent Cluons' at Ann .... l ~t. . in Productivity and Co.to
(SuaonaUy Adjuoted)

1st

.,

qua",r

19 J ~

2nd Qu,u.u 1915
IIonfinanclal Corporation.
(prol1a1"...,.)

Output per all-emp loyee hour

o::ospo"utlon ""r """,.
Unit bbor coOto
lIeal C<>IapenuUon pu hour
Output

-"

Output per hour of all
~n •• tion per hour
IInit labor «,.to

bd C""penOat1ot1
Outp,,'

..

,

p,n"".
00,'

..,,..
'-,
'-,
..,
..,

..,,...,,
'-,
,.,

Houn

'-'

o..tput pet hour of all penon.
Co>ope ... uion per hour
IIn1 t labor coat.
.~.
bd C<>oo;><onu,lon

,,
,..
,.,
,.,

Output

..

,

lIoun

....

'-'

2nd

.,

Qua~ter

2nd Qu,u.U 1975

,.
,,...,

U

10 . 0

0.'

.. ,

- 0.7

,,.,..

10.2

0.'

..,
..,
,,...,

0.'

0.'

I!o.nuhcturi,.&
(l\evtocd)

pu beur of dl peroon.
Co.penootloD per hour
Unit labor coot_
lIeol Co.po .... tlon
hour
QuIP'"

Output
Houn

,..

..,
,,....

0.0
U

'-'

1974

- '-'
ll.~

H.5

'-,

-lJ.8
-11. S

,
the flu. quartu of decline 1" unit

la~r

cos u

dooe 'he Urot qunter of 1971.

Real c""penut1on per hour (hourly c","pnutiOll a djusted for cha niu 1n th Con.~.r

Price Index) incr •••• d 1.7 percent in the .",cond quarter in DOntinanci ..! corpoIn th fin. quarter, tho ine r en . " .. 3.8 percent .

ration •.

unit profito hav. decline 1n uch quarter ,"",cept 2, but""", aU htiller tho n

~~It

any

nonlab". cost. (includinl capital conau.ptlon a llowance •• not Inter •• t , and

tneTUs. . 1nce the founh quartu of 1913 .

In th pucedlns ",,"1<>d. unit mmlabor

Th. i.topl1dt price deflator ("hieh refle c," cha nlu in unit labor CO",, unlt nonlabor coH., a nd proUu) IncrUUd J.] porcent (at n

onnual

ute).

TM. vas the

... allut toeru. . . 1nc . ,b. fint quartu of 1913.
Table II • . -•• !tu price, <oou. and profH develo>p<O,",," Iinco 1970.

Tabh B.

Thl. t1,,*

ind",,,,*s of Pri<u, Costs, sM Profi<s in the
NonH".nc1d Corl'Or.te Sector
(l967 • 100)

..... ..
Totd unit <o . . s.

140.9

ISO.O

Unit l.boT cost.
Unit nonhbor
oOot

140 . 4

147 . S

142 . 4

lS7.4

90.6

87 . J

.

Unit p r oUts




ILl

86 . 7

90 . 8

94 . 2

,

Revto.d Sec""d 9I!uur /'Ie.uuru for th& Print. Econ",,"

Rev! . .d _uur .. of product1Y1ty and .dated urlu for the prlvau <.o"<>-r.
til. nonhm. . .stor, a od the

~uhoturlng

netor ue _ _ r1 .. d In 'abt. C.

• evl •• d .... ur ••• bow ,"-, productivity in ,"- ' 0000.1 quarte. -- at

~

Th •

annuat . a te

incruud 4 . 3 percent 10 ,ha prl. . . . . .0 _ . 5.8 "",rcut 10 tll. n.",f,nII ... tor, ud

0.0 percent In ","""bet", !""

Tho. _ •• "r.. ".U p .... lo,..ly up<" •• d .. 2.0 and

3.3 petcent {,,«uu. 1n the prlvn. and nonfa"" . .etc.. , rupeeth-ely. and . d.c!J".

of 1.6 percont in tho aanufacturlna •• ctor.
output _ •• .,.... fo. th.o ucond qu.ntu.

!be~.

p[lncl,a11y roflcct revl •• d

hud on the [""iaed fllur . . . 'hu. wen the

lu,u. quartorl,. I .. eru... 10 producUvity olnco the lint

~"u'.r

of 1973 in

total pd",,-u cconoooy oud tl>e lUlu, $tnco th.t Hr •• quarter c! 1971 h

....or.




See ublu 1-3,

t~

th.o (loob""

,

!able c.

helil:lhaq and hviud Hou""'>

Percent

C~ose

S.~oDd

Quarter 1975

f rom Previous Quarter at Annual

~&te

(Souoully Adjusad)

Pnilloioary

To,d Pri".t. l'.oon'""Y
Output per hour of

.n

.. -.

1"''-'00'

C02po., •• ,ion per hour
Unit labor costs

Re,l Cocpon •• tlon
Output

Hours

,

Nonfarm Soctor
(Ntp,,"

po' ho,,"

" .n

p . . .on.

... ..

ComPQo •• tion por bour
u<:it labor OoOti
~., C=ponution
Output

~

110","

,.,
,. ,
, .0

L'

o.•

,.,

,,,.,...,
U

o. ,
'.0

IUonufacturing

Output per hour of .11 penon.
Comp.n.~tion por hour
Unit l.bor coats
hQur
Real Compon •• '!on
Output
!!ours




..

,

L.
..,
..,
U
.. 0

,.,

~evl . . d

..,
,,.,..
,.,
,..
U

,,...
L.
,.,
,.,
,. ,

..,.,..,,
,,..
0.0

r~8L{

I.

rOT~L

IIOU~LY eOH~eN$~T!ON,

P~IVUE

~~O~~Y ,r.L L PE~SON S , P~OOllCT I VI TY
P~IC!s, ~U50NAlLY ADJUSTED

ImIT COST, MO

REAL
Y(~R

~NO

QUARTE R

OUTPUT PE~
IIOUR
Of All PERSO ~S

OUTPUT

HOURS
OF All
PERSOIIS

COIIP[ IISA TION PER
ttOlJR I II

UIII T
LUOR
COSTS

UNIT ND~tA80R PATIIENTSI))

III • ~
Ill.'
III • )
110.1

n9.9
IU .1
1".$
I $ I. G

130.0
III • )
n$.o
)19. 9
Il~.O

lH.5

151.'
151.1

CorlP( HS~-

TlON PER
!tOUR I 2)

IIIPLlCIT
PRI C[
OEFtATORI ~)

INDEXES 1961_100
19H

•

.".."
AN "I'~L

1 9 15

•

"

no .•

1~ ' .2

112. I

122.1

109.5

IS' . 2

11I . 2

110 ••
1l1.0 R

116 • 2
1l6 . $R

10 '.9
In" .I R

\7" .6
111.9R

111.1
IIl.$ R

i51.6
ISl.9R

illi. 6
lH.'R

n.s

•••
•••

pe~CEHT

CIU.Nn F R:JM PREVIOUS QUART(R

.""

.

-I.'

-I.'

-I. 9
• 5. I

-2."
-10.'

·0. ,

ANNUAL

-2 . 6

-2 ••

•

"

.""

•

ANHlJAL

un

•

"

~t£ FOOTlmTES FOUOHINf,
R_REVISED
P- PRE LI M III~RY

-




lSI. 1
161. $
166.1
110 • 2

l'G. ,

•

un

,

109.9
109. 9
109.'

..,

19110

un

12).9
In.a
Ill. Z
119.9

IU.l
112.'
112.2

-1. ,

•••

-11. •
I. $ R

"-"
".IR

•••

- S. 6

•••

- II . 8

10.1

,

-0. 1

-s.s

• Z• S

- Z.,

-I. 7
-O.IR

-6 • J

TA~U

-\.

...•• •

-2. )

- $ • ~"

••

-~.

I

-I.

~

•••

-,-5 .. 1"
~

•••
,•••
•••

..

10.0

P. I

1.SR

•• >

-I. S
-I. 5

1I. ~

H.'

II. ,
110.1

-I. ,

Il.a

1.9

10. ,

10.1

•••

•••
•••
•••
•••

1.1R

"

II. 9

11.6
11.8
I .....

•••

1.IA

PERCE"T CHNIG E HOI. CORRESPOND I NG QUARTER
·2.6
-2.1
-2. Z
·'.7

..,

-" . I

•• •

•••

1".'

NlNUH RUE(,)

11.1
In.l

0.>

-?'R

"

1)6.1
119.2
UI.I

PREVIOUS

,.,R

...

HA~(6)

I.OR

..
..

-2. ,
-1 . &
-1. J
-2.0

11. 1
12 ...
". I

,
•••
,•••

10.6
IZ. I

- 1.9

11. :

I •9

10. J

-n.J

! 1 •G
10. ZR

"."

It. J

·~.2R

~.9R

I~. i

AUr.US T H, 19H
SOURCE , BUREAU QF LAlOR STATISTICS

P~IVAH ImIIFAR/1 ECO IIOII Y, ,\l~ P[ RS(lI::; : PH (l~I;C T I 'I I TV
CQIoIPOISA TI 011, "lilT r,OST , .V lr rR I Ces , S[A501IAl~'{ A O J I !~ H O

TAB~'
HO l) n~Y

V[AR .01110

/lu.ln TER

"' '"
I'H

,
'"""

Am' U A~

,

19n

"
19H

,

U7S

'"""
,

AIi NUAl

I ')H

"
,
'"""
,

AlmUAl

1975

"

'"

OUTPUt
1l00R
PUtSQJlS




OUTPUT

1I000R~

"' '"

PERSOtlS

..

~EAl

C'"'PEII~A-

CorlPo: j .\-

T I 011

T IO"
1101'r.(1)

WHlU

In._
Ill. _

I H.I
120. _

III. 5
II !. I
lIl. 1
llO. I

156. I
160._
IH. :
167.9

10' . ,

110 .6

I ll. I

Ill. l

162. I

101.1

lI 6.2
IU.9R

1(l6.R

171. 7

10s.3R

1I0.U

PERC E ~T

· 5.J
-2. J
- t. 5

- I. G
-0. I
-2._
-,. J

-:. I

-2. G

-,. -

-n. 1

- I. '
' .IR

1.111
PfRt[UT CIIMIC[

-:.)

-0.'
-1. 5

-1. ~
-J. i

+2.1
-5. J

-t . •

'1. a

-1. "
-O . U

-r,. 5
·S.911

-1.1

••

US. or.

(I .... NGE HOI-I PIIlVIOI.IS QUAIlTtIl

..

..,,
..,

-2. _

-6. 1

-1l . 5
- l .5 1l
FRO~

..,

-1.1

-~.2
-s.)~

Hl.)
IH.O

HI.I
15}.5

109 . I

I ~6. [

12g . 1

HO.O

109 . I
109 . 111

lH.1
151.5R

un.o
H2.SIt

I S!. (I
152. 5

..,

A~II~A l

7. 111

0
iii

t

n.)

..

n.o
n. ~

-I. 9

,

.,

I~.

•••
-:.'
-1 . :

,

1.

1~

rk(V I O~~
-~

IH.:

116. 1

RAHUI

-l.O

~

I .:

:". t

1~9. ~

~ .\

~.

II:PlICIT
PR I CE
DEF LATOR! ')

lH . 6
U1._
IH . _
115.5

•••
.,

..
,..
.. ,
,'"'..

1\_. _

11 0. }

1I•••
._

l ~.

. WHIlI

r/)$l~

110 . 1

COR USPOIIDIIIG 'lIAnTH

..•••,
..,

T 110/1'
LABOR PAl-

It~1·1 ~O

111.0
lIO.'
1 ._
O~

~"I

!ti lT
lAGon

""

1I0U~(:)

111.6

fOQTHon:; FOl t OIIIIl(l TULE
• _ R(V 15 [ /1
p_ P~r.l I" I tlARl

'"

"

n. ,

e. I
16.'
1). 1
H .I

J).1
H.G

U.l
12 . 1
1l.2

,. ,

II. 1

n.'
_.OR

n .9

1. 9R

7. 9 ~

,..

Y ~ j,RCtl

•1

~.

,. ,

J

'".

-I. G
-1. 6
- 2. 0

I

-1. 9

120 (I

U

-0 .
- tl .

11. I

a.2

n.l

!: .O ~

I O. 5

~

,p

1I.~

~.

')

J.m

·....·"~T

12._

~ I. \
1:.1

!J.g

~Oll~([ :

10.5

~I

,

ll.

~

II. 1

Ins

rn:E j,U

"'

lj,l\O~

~H TI$TtC ;.

~:,tU

., .

t, 'l'FACTI

~ .'~ r,

COt·"~::S"TlO ..

ynn .\'ill

OUiNT PCIl

,

OnPl'T I'"r "01'1' OF '.LL "~r~()'l~. :'f'L'rL"
t,\'Or. (O~'~. '.n~.O·'\LlY "~",,,,,·~r·

~fCTOR:
'.'~IT

OUPUT (7)

r,""pr"~~Tlr"

:,QUr OF

~lJ,r.7~n

PCR~OlI~

Al.L

,
'""
:n:.,
J '7'.

!I!
.\iillt;4l

"

• 2' • 2
l l 'J • .:
12 0, . ~

IH.3

In . I

P7.

l!~.

1 Ho. S
12, •. 51.

,
'"",.,

','!UI'M.

'" ,

"
,
'""

l'lh

"

-'.~'IIU"l

,

I ' .2
1 J~ • "

H2. 1
1 H.

'.

,

L'
..

U1.t.

.,

., :J • 3

l. )

·14.1

.;

""

, • ':0 r

.,

..,
,.,

., • D

12 c . .,I
1? 2 •
p~ .1
12~.r,

': I. 'J
VI. r,

1 7~ • 1

11 ~ ,D

n

t77. ~n

Ill.sr

l',·).Lr

•• ,
-Il .. "
"

,..

r-t.\IIr~

....

·f • ~

.J. J

,, :.

~.2

l.~

-lL 2

-11 . .1
- ll. S

...

'"

~.~

J ~ • •:
J II q • r.

l<;r,.l

nn.7

'",. ,

l.~
n.~

15 ~ • ~

lU~

'" -' ""
.,
" • ~ f'

rCRCFI)T

rFIl5fl':~(')

l'I~ . ~

-." .

>•~ ~

r"~T

HI. 2

.,

-n. "/

uro',

P: IT

llL~

.,

., .,

'Lt

H~ . l

., ;. ;

L'

nr

H'. ;

C

f!'LV!l;,' FIlO)'

S•~

rOl'p~":>:\TI():1

':OUR

1~ ~ • 7

11'.2
IH.bl!

L>
.,

rrr'

~~.~

1~2.

p[Acr:n

I-1H

,
"

3

I"-\t

PU'!

',""f' OF \ll
r-[r.,;0··~( -)

PP~Vlf'US

nUM'!JEP

r. ...

"

'''::!',\t

14. ,
1~ . ~

r.l\l[

...

~

, •J

.,

FRn,· rPFV I nl'~ H,\P' /:. )

1'.1:

.....'".,
...
2 • :;

'"

D.>
l). ~

U. ;
~.~

."".,

,.

"
L 2P

"". 1~

~ )

1, . 1}

1.1

'I . ,

(

7."

...
L'

I 1. ~

,.,

.l

11. $

~ . (,

.~ . ,~

,.,..
11. 1
'\".1

..

."

I ''1:;

~FC

r.UOTl!oTE~

I<. •

1lr.~ l sr~.

2 . :;::

F Oll ~"IIH~ TA~ t F.

f' • !'n!,Llt\ I:I.'.II Y




- n.s::
"

130 2
11."01'
"OUrr~:

~lIr.Fil.I·

'.I 'I'!!H 27 , In'>

OF

1.1

~~.

1 . 7r

"I"SR

lAr-f'~

"T.\Tt~TtC~

7

TA UE ~. IIONF I NANC I Al CORPORAT lorI S : PRODUCT! VI TY, HOUR LY CQt.lP(NSr.Tl0N
UNI T LABOR COS TS, UNIT PROFITS ANO PR ICES, SEASONAL LY ADJUSTED
YEAR

."

QUARTER

,

OUTPUT
PER ALL
EMPLOYEEHOUII

OUTPUT

IIOUR~

UOURlY
COMHNSATI O~l

REAL
IlOURt Y
COMPEU-

UN IT
LABOR
COSTS

SATlo.~(2)

'U

UN IT
TOTAt
NONUNIT
LA60R
COSTS
COSTS(U

,,,

Uill T
PROF IT S

IMPL ICIT
PRICE
OHtATOR

(10 )

IN DEXES 1967-100

19H

"
'"
ANNU"L
"

,

118.5
111.5
117. 7
111.1
118.0

nO.6
B O.2
119. 5
U6.0
12~. 1

110.2
109. 9
110.0
107.6
109._

1 11 . 2
120.91'

12 1.~

122.11'

102. 7
10 1 .51'

157. I
161. 5
165. }
169.5
16L}

111.0
111. I

B2 . 6

109. 9
11 0.6

n_ .8
1)8._

111. 0

H7.5
H7.0P

n o. _

n6. ~
hO. ~

IH.2
137 .9
IU.'
H7.9

nO,g

I H.O
1}6 . 7
I~ C . 9
I~~. 5
U9.~

86.8
90.9
90.6
U.8
89. l

126.0
129.'
lB . }
IH . 0

In.s

1175

"

,
'"""
,
"
1974
,

PERC ENT CHAUOE FRO.·:

19H

ANNUAL

1975

,..

9.51'

8. 1
1.4
2 .1
- 10.2
- 2.5
-0.9
~.5p

2._
1.2
0.5
B,}
0.3
- 17.1
- ~.SP

"

'"" L
ANNUA

,

1975

"

- o.}
l. IP

- 7.0
- S. 7P

SE E fOOTNOTES fOLLOWING TABLE
I' • PRE LIM I NARY
R • REVISED



llLH

..,
'"

!'~EVIOUS

10.5

•••

..,•••'"..,
.. ,

PERCEN7 CHMWE

•••
J.6P

11.0
10.01'

~.

..,
'"
•• •

10.0

•••

150.0
150.21'

nO.5
H1.8P

QUARTER AT ANNUAL RA T( (5)

11. 7

1 2• 2
7.81'

IS 7._
160.2 1'

'-'

1. 71'
FRO~

H.9
11. 9
12 • 5
12 • 9
11. ,

lL9
11. 4
B.9
1 G• 1
10 . ,

H .6
11. 8
12.9
l}.7
It. 0

'"

za .4

12. S

1. 51'

pr.I: VIOUS YEAR

7 • 'P

,..,..

0.71'

,'"..
'"
'"

12. ,
13.0
11. 1

1 1. 0

10.2
12.0
D.2

10. }

11 .0

•••
n.1P

11. }
1. II'

I1.l
16.21'

12 ••

".

'"

10.'

IL.

•••

~ .

9P

-1 2 • }
20 .2

<..

",

'"

11.4
12.6
11. 3
II . }

•••

..
,....,
"..

10 • J
11.7

,J.7P

n.5
9 .2P

,

}S.7P

•••
'-'

..

I O. 7

J.7P

••••••
'-'

SOURCE: BUREAU OF lABOR STATI STI CS
AlIGUST 27, 1975




YOO'rIiOl'l!S, !.uLtS 1 TO

~

SOURCE: Output d.t. rro. the lureau ef ~onom!c Analy.!. , U.S.
Dop.r ..."t of Cameoree and tho Fod.r.l R••• rve Boord. Coupon.otion
""d houra dat. bOIl rita lIur&au of Lobor Stulltico, U.S. 'Doportment
ef Labor and tha ~u r oau ot Economic Analy.! •.

w....

(1)

0<><1 .&larlu of ",""loy ... plu. _ployar.' eOll.r!butiono
fer ooeiol i"ou:"" •• a"d privato bon.fit plan. . E1copt for
nonfinancial eerpota'iono, ~er. t~e.o ••1 no •• If-omployod,
data .110 includo• • n •• tima' . of vii •• , •• l . rl •• , Ind ~pple­
sontll p.~n'. f~ tho •• If-o=ploy.d.

(2)

eo..pon •• tion Pit hour adjuoud for chong•• in the c.m ....... Price
Ind"",.

(3)

Nonl_bor p.y.on •• lncludo profit.,
ioco.o and indirect t~ •.

(4)

Cu. .ent dollar " 0 " p,oduct dhid.d by conltont dollar ,...,..

~opr.clatlon,

int",,,st, .ont.l

procruct.
(3)

P.reon. chaeg. compoundod It Innuol tltl
~.th.r thaft ind..,. " .... hu •.

(7)

Quarterly:.:' ·r...

(8)

Unit

f...,.

ori.inal d•• a

~dj ... ud to annual ... ima . . . of e,,'put (,ro ••
product orib _a.io,) fro. th. !uroau "t eoonoalo Anolyolo, U.S.
Dop.r~nt of eoa=oro •.

~onlabor

co... includ. doproclaUon, 'nter ... , and indirect

'&lIU.

(9)

Total Unit 00.'. 10 th ..... of l.bo , and "o,,-labor cOO<tI.

no} U"it pr<>fito Inol1>dc corpora .. profit. ODd inv.",olT valua.ion
adjust.",.

CHART 1. PRODUCTIVITY . HOURLY
COMF ENSRTION UNIT COSTS RND FRICES
TOTRL FRIVRTE ECONOMY
(FE RCENT CHRNGE FROM FRECEDING
QURRTER RT RNNURL RRTE)

,,
,,
OUTPUT
,,
,
.............•.............
,,
,,
,,
,,

PE ~

. ........... . :......
,

,,

'

,,

,
,
,
,
,
...... _ ..... t·· .•.......•. . . . ...•......

1""

~

,

,

-i

OF RLL
PE~SONS
,
, ........
.........•.
.. . •,, ............ ,, .............
,,
,
,

HOU~

~

,

"

..........Li ............ li ........~:.~.
,,

,,

,

,,

t······· ·

"
'.,

......... ,...
~

,,

,

,
......................
,

,

,~".

·f,.. ·•
,

,,

..... ~,............. T·····
· ..... -,
,

,

i
i
'
,
,
,,

,,

,,

,,'

i
,
"
,
,
;· .. --· .. · .... {,.. · .......... +, ............ ·I, ............ · ,.................
,
,,
.,,
,,
,
.,,
,,

..

UN!T
LRBOR COSTS!
,
"

.. ···f .... ··· .. · .. ·+·..

,,
,,
,,
,,
,

.. ......

,,,
,

,
,
.
,
............. , ....................................................................
.

UNIT

:
i
,,
,,
,
............. ;.............
,,

NONUIBO~

PAynEN TS

.
,,

:

.,
:

........."-. .........

...........!, ..-.r-"-

'
...;.......

,,

,
,,
,
. . . ............ .
,,

-

'

............. : ............. ~............. .:. ............. ~ ............. :
i

: :

""
"

!

IMPLIC IT PRICE OEfLATOR

............. : ............. ~ ............. .:. ............. : ............ .
:
:
:,
"
,

"

1969

•



1970

"

,,:
1,.... • .. ·

5

,
15

"
,
5

"

"
,
5

,,
,
,

,,
,

,

.•••...•

CDnpENSRTIO~ PER HOUR OF ALL PERSONS

:,

5

1911

1972

"

!

5·,

,
,
,

.. .......... j .............

1973

+,' ... .
'

1974
RUG

1975
1975

n.

·5

"
5

,

CHART 2. PROOUCTIVITY . HOURLY
COMPENSATION UNIT COSTS ANO PRICES
PRIVATE NONFARM SECTOR
(PE RCENT CHANG E FROM PRECEDING
QUARTER AT ANNUAL RATE)

,,,,
--------_. _. -.-- ._-i,

.OUTPUT

,,
---.-,,

PE~

1I0U~

,,
,
,,

,,

OF I'lLL PERSONS

,,
,
,
-.----_._---_.-.-._-,,
,

, -- --.- -'- .---

i,
,,
,,

~.- . -

,

5·8

_. __ .---

,
,,
,
,
,
,
,
·------------1-,, -- --- -----i-------------+-------------I-------------i- ---------{------------_.
,,
:,
:
:,
:
,,
,
COMPEIISRT]ON
PER HOU~ OF RLL PERSONS
,,,
,,
,,
,
:
7.8
----------.-------_._._----,
-_._--------_._-----------,, ------------ ,,
'
,
,
_.
----.~-----.----... ------.,
----------.----------,,
:
:
,
I
:
,,
,,
,
!,,
UN]T
LRSOR COSTS
,
,
,
,
,
_. ______ 1 ________ 11. __
_._--- _---_._-----------------------_.,
:
:
: -------------.-------------.:
:
, __•· __ _ ,_________ .. __ ..., _____________ , __________ _
,,
_______ . __ .• 1·
,,
,,
,,
,,.--------- - ,,
,,
,,
,,
,,
,,
....... __ .. _.\--.----------i--------.--+--,,
,
,
,,
:,
:,
,,
,,
,,
,
UN
IT
NONLR80R
PRYMENTS
,
,
,
,

.

..,

..-

,

...... -

,

..

.

..

·
,

,

.

._~

.:,

o
-5

"
5

o

"

~.

--~-

·:

5

.:
.,

,

.:

----- .. ------------:,
,
,,
,,
-- -.. --- .+-------------1-· -- -·-------1-- -.-------+--- ---------

"5
o

"

.--- -- -- . -- --- -- --.---,-------------~-------------.-------------.----

,,

----- -.... --.\--i i.
i
: ,!
, .
------------·1--·
- :- --- ~~.~----:--- --t· --··----- --1-·-·-----·----:--·····-··-··
"
.
,
.
,,
,
.
"

·

,,
,"
,
,
,
-· .... 1, .. -.. ··· .-- .-~-,, ..... -- .. -- .~-.- ..- -------1,, .. ·· ·--------l·, -- .. ------.. +, .----------,
,
,
,,
,,
,,
,
,
,
,
:,
..0
, _........ _......
IMPLICIT PRICE DEFLRTOR ·------.. l-·- ·· -.. ---.-:---- -.........
,,
,,
,,
,,
,
"
,
_.... _--_ .. _. _..... .... . _. ,,_.. __ .. - --.. , ....... ........ ,
,
,
,,
...... -.:-,, ...
---''''--T'~~~·:,,
,

,·

.

··

-

··-----f'
1969




..
.

1970

.

-

-.

-

..

..
..
.

..

1972

\973

o
-5

"

,

..·+···..-··....·f····

19? 1

"

5

191~

1915
RUG 27. 1915

5

o

CHA RT 3 .
P ~O D UCTIVITY . HOURLY
COMPENS ATION UNIT COSTS AND PR ICES
NONFINANCIAL CORPOR ATI ONS
[ PE RCEN T CHRN GE FROM SRM E
QUART ER R YE RR RGOl
,,
,,
,,
OUTp
UT
pER
EMP
LOYEE
MOUR
,
,,
,,
,, - ----- --.- -- ,,, -------- - .. -,.
,, -- .....-.- .. _.
, --- .... .- ...
....................
---..
,
,
,
,
,,
,,
:,
:,
:,
:
:
2•I
••• • • • .• •• • j . --- •...••
• • ---- •••.• --.. · ...... ····1··
,, ........ ···,·,
,
~,
,,
,
,

"

- , --.--.------ .~

--- ~

i /

··:,•
:,
.... __ .... _--.,

..,•
..•
.•
.
. PE R EM PLOYEE-HOUR ,,
"10. 0
··,
..,
,
... ..............
_..,, .....................................
.
,
,
,
,
.. ·· ··· ......".. ··· ...... ··f···· ........ ·•··· ...... ····.,.. ............ .
·•
.•
.•
.•
.•

o

.

-.-- ......... : ............ . ,: • • •• •• •• ••• - • ..;. • • • - •••• • • • • • ; • •••• •• _._ • •• ;. --- ••••• - -_• .!. • • _-_ . _••• _••

CO MP E ~ S ~ T10N

--- . -

-

--- -·· - ~-

UNI T

l~BOR

,

"

COSTS

,,
,,
,
:,

"

............. ...... ----.--:.-..... -..... ·t, .. ···· ····-·- ,f .. ·· -........ j •.. ........ -:-, ..

,

...•....... _._.- ,

,
,,

- . --- - .", -- - - - - ---- --

-.,,, ..
--

-----

..•,,- ....... --- .. ,

~.- --

,

o

....... -.

"

o
UNIT

NO Nl ~ B O R

P ~ YMENT S

............ ·1······· ...... .:.---.... -----+.---- ---.-.-- ~ - . -

- -........ ·1· · · ·7 ·-····-

"

,,
,,
,,
--- ----. -

I2 . 1

---·--·-f···· ------·-·1-,

"

,,

_

,,

,,

_.+ ---- -_ •••••••
,,
,,

"
"

o

,

.... __ .- - - - - -: - ............ ,:............. ..... ........ : ............. : ............. .:. ............ .
:,
:,
:,
,
,

IMPLICiT PRICE

O Ef L ~T OR

---.- ........ : ......... - ... ~. -. _..... - .--. ~. --- - -_._--_.:, ... ...

· _--- -- -1·······




,
,,

,,

,,
,,
,

_-_ ... :.-

- ......... ~ ... - ......... : ... ........ .

,,

,,

............. -:-, ............ .

"

,,

o
:973

1914

'""

27

1975
1975

CHRRT 4.
UNIT COSTS . UNIT PROFITS RND PRICES
NONFINRNCIRL CORPORRTIONS
(PERCENT CHRNGE FROM SRME
QURRTER R YERR RGO)
••
••
UNIT L~BOR COSTS
•
•
•
•
............. j ........... .. -1 ............. +.... ·.. · .. ·.. 1·-·· · ..... - .. j

·

.

.

.••

·

.••

1,

.

.

10

,

.... :........... . •.. ····· .. ····1• .... ·· ...... ·:•.... ····
•

0

••
•

16.2

UNIT NONL~BOR COSTS

!

··,
..............

..,
.. ,..
,,
,
.
.
,,............ ..................................
,.

........ ·.... i .... ·........ ~.... --- .. ---.+, ............ ·i·· ........... j ............ .
•
• .
- ....................

,•,•
,,•
,,

•
,,•

-.

. .... :, ........... -- :,•..
,
,
,

1,

,
,,
,
_.... _-_._ .. , ........... ..

~

••• .• 't- -•••..• -- ••••

_

,,
,

11

i
TOTAL
............. j ....... _. _- - -,--- --

,,'

UNIT COS T

.-;-- ....... - .................. ; .. .

,,

,,
,,

,,
,,

,,
,
,,
,,
,

,,,

,

...

-

.

-.- . ----~- .-

·

-

...

1969




1970

1971

1912

1973

,
0

"
,
0

,,
,
.. ···· ...... ·1····
.... ··· .. ····,, .. •··· ...... ·1·
.... ····· -.......
,, .... ·····,,,.... ···· ..
,
,, · --,
,
,,
,,
,,
,,
,
,,,
,
,,
,,
,,
11
,,
,
,
,
,
:
3
.7
,
..................... __ . _-- , - ..
,
,, ............ .
, ..... - ....., - ...... ..................
'
,,
,,
,
UN T PROFITS
,,
,
,
.
,
.......... -1 ......... . ... +--_·
__
··
_····1
....
···
....
··1
,,
..
,,
,
.
,'
,,
,
,
,
,
,,
:
'
:
,,
,
:
:,
, _......... ..
,
, -- .- - ----- _.
.................
.....................
-..
,.
,,
,,
.
,
,
'
,,
,,,
,,,
•
,,
,,
•
,
,,
,
,,•
,
,
,
,. -_._-_ .. _ _......................... ..
-----_ . - - .. -- .. - ..................... - -

·

10

10

,,

···· .. ······~ .... · .. ······t .. ···· ....

· .. ··1,...... ·······

"

ISH

1975

RUG 27. 1975

"
"
,
10

0

.,
.>0
·1,

."
·20