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NEWS
v
Ii;
U. S. DEPARTMENT OF LABOR
BUIEI6 Of L1BOI SflTlSTICS
USDL 75· 597
FOIl II.!:LlASt: Il:OQ ... . H.
hld a y, Octo!>... 2~. 19n
Wuhi<l&ton, D.C •. 20212
L.J . ruleo (202) 961-~S91,2718
K.D. Hoylo (202) ~D.. 19lJ
II<>IM (202) ))3-1364
Productivity in the private eeono!!y ro •• in t/'le third quaner of 1975 at. 9.5
percont &nnual ut., tho braes < IRen . . . . Inco
t"-
flut quuto' of 19H, tho
n..
But. . u of t.bo, Statistic. of th. U.S. n.op&,,,,,,,,nt of l..obor upo ...d todoy.
Ina.... utI.teod. 12.1 percent ,aln in OU'put ond 0 2.4 percont d .. in houts.
Output per hour of .11 p4!non. d.cl1nod 0.6 percent 10 the UrH quutu ond
lncr.... d 4.2 parcon, in tho .ccond quartu of this y....
In tho "on!.... UC\QI. output per hour of all pu.en. \ner ....d at • 9.4
decUu of 2.6 percent in tho fiut quntu ond • 5.7 peTcent in<run in tho
.econd .
n..
producUvtty Incr.... unoets 0 1l.1 percen t Inca... in output
In Iabo, productivity w. . the lor,nt since the ncond quortu of 1961.
<eHoctln, Incrus. . of 15.6 percent in output and 6.4 percent in Iwuu.
Produc·
... nufacturin, productivity since tile fint qu.utu of 1971.
rr"", til. third <i,uarter of 1914 to the tIllrd quortu of 1915. pr<>ducUvlty
lncr. . sed L9 percent In tho tou1 private e conOOl}'. 2.1 percent in the nonhno.
2
Tabl e A.
Percent Change at Annual Rate in Productivity and Costs
(Seasonally Adjusted)
2., Quarter 1975
Sector and Item
,,' quarter'"
19n
,,'
Quarter 1974
'"
,,' Quarter
Total Private Econom;:::
(Pre 1 iminuy)
Output per hour of
.n
persons
Compensation per hour
Unit tabor costs
Real Compensation po< hour
Output
U
6.8
2.'
'-'
12 • l
Hours
'-'
Output per hour of all persons
Compensa ti on per hour
Unit l.!>or costs
Real Compensation po< hour
Output
Hour s
2.'
8.6
Output per hour of all persons
Compensation per hour
Unit labor costs
Real Compensation po< hour
Output
Hours
L2
8.'
..,
'-'
'-'
'-'
11. L
2. 1
8. 5
6. 2
' .2
2. 8
L5
'-'
'-'
' .1
,.,
8. 2
8.'
' .8
10 . 6
15.8
-10.1
6.'
-10.1
'.5
10 . 6
'-'
197~
,
cen~,
at annual
~.t . ),
tho nonfor.
'cctO~ (I.~
percent) , ond in m.nufacturinJ 6.4
Tobl. 8. Ob.n;cs in Ac&re,o'. Hours in the NoDfora Soctor
(Poreont Chanco Fro. PrevlQUS Quo. t •• at ~ou.1 ~t.)
lH~-n
Industry
Pdv". 110M......
!I
"lnln~
eonotructlon
lIaoubcturloc
TTo"sporUUon
..
"nd.
FinaDco , In. uunc. , .M
~
I .....
S..... ic. .
OUle.
..
,
'-'
..,
_17 . 1
•••
•••
•••
•• •
~
"
y
\97S -111
..
..
•,..••
,,'"'..
,•••
...
~
-c,.\
lnduuy dna HO for po1d employees only, .><cept for tho "other" c.t.cory
which Inchdu lo""",-nt onterprhu, privata l>O<Iuhold., proprietou. nd
unpaid r_Uy"",.un.
•
!Mopeno.UOll. ~r hour of all p<lu ons (which locludos tho cos U of ""'U , ","pioyn
cantrlbutlaal to SOcial Socurlty, and frl~. ben.flt.) to.~ 6.8 poteent In ~. tot.l
print. OCOtloary In the tMrd quarhr, tho -..Ilu. hcn ... In Vlue coHs .Ince
tho Unt quuter of 1914.
A• • <unit of tho 01""". uta of incru •• In "oHs
and tho la .... . Incr,.. .. 111 produotlvlty, unit labor coa.s dedlnad 1.4 percent in
tho tl>1rd quarter, cccrpand with. 3.1 ""tcent IDCTU . . In tho pueedlna I"'rlo<l.
'"'to
and
" as the Unt docUne in unit blx>r coHI o1nc. tho ucond quutor of 1912,
u..
laqu t d.dl .... sine. tile third quuter of
196~.
fI.. . 1 eoIIIp<tnsa tl"" p...
hour (hourly , , _ n. . Uon adJ uned for thanlu in tho eont_r Pele. Index) de,,!1nod
1.5 puce"t ( a t annu a l rat.) In tho third quartor, a fter havin& Incr....d In the
two precodlnl quarte • • •
In tho nonfarm •• ctor, hourly compensa tion of a ll porson. Incr •••• d 8.6 porcent
In the tbltd quartot, c","!,Hed "ltiI • 1,1 p"tcent Inc ..... in the second quartu.
lIIIon coupl . d "'til
th~
docl ln.d 0.8 p"nent,
9 . 4 petc.nt Inc ..... In l a bor productivity, unit h bor cn.u
'nih " . . tbe Uut decltne In thu. co . . . . Inc.
qUIna< of 1972 ond tho Ioq... t o1nc. tho third quartu of
196 ~ .
th~
.~cond
Real hourly eOlO-
penlOUon In ....... ed 0.1 puceH, c"'"!'OTod .ntil Inc ....... of 0.4 pereont a Dd 1.6
petcent In thO Hnt two qUUtu. of 1975.
In til. ""Dufoctudns .. ctor, """,p,""utlon pu hout of dl perton. IncuuN. 8.0
percent in tile tillrd quane<, compo-ud "Itil a 9.2 percent Incu. .o In tho pucedlna
potlod.
Unit l a bor COl ts, bow.vu, fell 0.8 percent __ the flut decll"e slnc.
tho flut qUlnu of 1973 ond thl lua".t dnc. tho third quute. of 1972.
R.d
cOOpeD • • tlon pet hour declined 0.3 percent from til. prec.dlna quor.e r.
n..
Impllcit pric. dotlotor (which .. neeu cunto. . In omit labor co . t . ond
unit oo"lobot coota cO<lbln. d) Incr • .,ed ~.1 porcent (ot onnull tat.) In til.
total
,
I"'prov_"~
ovor tho 1974 experience. ""0" thu. eoH. incr ..... d IO.l pereent.nd
11.1 percent, respectively,
REVlS~D
FICURlS FOR
!IOIIPIIW<CIA~ CCJRI"ORATrO~S
In the output ... uuro in tho nCODd quutor, as "",U . . updued hou .. . uiu for
Tobh C.
Pull",',..')' .nd Reviud "'euuus , NonHnonelol Co<poution.
(Se •• an,lly Adju otod)
19n-i
1914-1l
,.
,.
19H-II
Roviood
Prellodnory
I
Out~t
per .II-employ.'
Ca.peu •• tIOD per hour
IIDlt bbot to.tI
Rul C"",pen .. tlon
Out!"'.
NOTE,
n..
..
..,
,
.. ,
..,
L>
~,
hour
Hon . .
Survey of
'M
..,
I Z. S
•••
,. ,
...,..
U
1975-U
Revl .. d
Pulimlnuy
I
,.,
,,
,'-'..
....
10.0
..
....
,
,.,,
,,.,
10. I
oq>loymoont ud ."orq. weekly houn d.ta collected In tho """t.tIly BLS
E.t.bll.~nt.
""Ieb underll. th ••• productivity oDd cos t ••• rl •• """0
uccntiy nvlood. n....uouru which opp. . . In thIt pr. . . Hlun ... bued OIl
th o volu •• publl,hod In tho Octo~r ' •• ue ot ~plo~nt end Earnln, •.
TARLE I.
TOTAL PRIVAH E;CO IIOlIY,~LL P(RSOIIS,PROOOCTIVITY
HOIIRL Y COMPENSATION, Uilit COST, MlD PRICES, SEASOIIALLY ADJUSTED
REAL
YU~ ~NO
qUARTER
,
'"""
,
'""
,
'"""
ANNUAL
1915
AlIllUAL
1975
,
'""
19 7~
,
'"""
",IIWAL
1915
,
'""
OUTPUT PER
HOUR
OF ALL PERSONS
OUTPUT
IIOURS
OF ALL
PERSONS
Co/WENSA1 101' PER
IIOUR( I)
TIOII PER
IfOUR(H
UII IT
LABOR
COSTS
UNIT NONLASOR PAYIIUITS()
CO~P[NSA
OHlATOR(_)
'''OBES 196/-100
lP.1R
161.0R
166.SR
llI-OR
!ll.IR
lH.9
IH.l
IH.I
llO. "R
llO.lR
llO.IR
Ill.IR
IU.5
119 . 9
10 1 .IR
169.IR
110.IR
IB.6
UO.IR
IH.IR
US.IR
nO.OR
lll.OR
112. 1
109.6R
I H .~R
Ill.IR
1.6. 5
U".O
HI.6
llO.H
llI-5R
IH . OP
llG . l
ll6.6
10S.SR
10 •• 6R
IOS.IP
Ill- OR
IIG.GR
Ill.OR
151.IR
\H.IR
HI.IR
11l.IR
1I0.0P
110 . 6P
11.1.IP
ISI.6P
lSI. "
IH.l
ISS . "P
16. I R
'12.6
".9R
IlI.lR
1l1."R
Ill . 0R
llO.5H
In.9
12' • 0
IIO . OP
lJS. I
B9.1
IH.)
HI.3
H~.6R
PERCENT (IIANGE FROM PREVIOUS QLIARHR AT AllNUAl RAHIS)
-~ ."
-10 ••
-0. I R
-0.2P
-0. ~ R
- S. 6
-, • I R
-2;"
O. JR
GP
- II . 3
U
-1l . IR
-I ." R
O. )R
-l.SR
-5.1
-Q .
".1R
9. SP
- 1 .1
0.'
12. I P
PERCENT
-I. 7 H
-2.2R
-0 . 1
-I. ~
-2 . lR
-J.7
-5 • 5
-1 • ,
-2.1R
-1.1~
-O.'R
l.gp
-6.3
-s.g
-2 . 6P
CIIA~GE
-2 . I R
1. "P
FROI·'
6 . GR
12.9R
II. 1 R
I. OR
11. 9
~.JR
~ .S
,.,
-J. I
12. ,
I" ...
~.
1R
-1. OR
11.1R
10 . 3
10. 0 R
1.6H
l.~R
1.6R
I Q. I
l.2R
,
S. I P
CORRESPONDI~r.
1. IR
6 .U
O.~R
~ . ~R
o .OR
-5 • 0 R
-1.IR
-I.IP
I •• 3
..
..•••,
: •6
-2.~P
5. lP
QUARTF.R OF PREVIOUS HARIG)
-3 . OR
-I . 1 R
•••
ll. OR
9 .3M
-1. OR
-I.U
~.IR
- 2• I R
12. "
H.I
O.JR
a .IR
-1.QR
II. a
In. I
11.J
II • S
1 5 ...
- 0.
~R
!.~R
7.JR
I.SR
10.6
12. 1
'"'
'-'
,
..
~.lR
-n. lR
!O . OR
I .1P
-Q .
"P
12.2P
SEE FOOTIIOTH FOllOWING TARLE , .
R_REVISED
OCTOBER 10,1975
P_PRf. l IIolINART
SOURCE, 8URHU OF
IMPLICIT
PRICE
10.J
L~BOR
SUTISTICS
TABU 2. PRIYATE
HOU~lY r,O/1P["S~TIO",
H.AR AND
QUARTER
1' 1_
l~ H
19 a
,
'""
,
'""
IH . _
.
~" II UAl
llO.~R
12' • 1
IOI.~R
llr. . 2
llS .~
UO . OP
,
..
'""
,
'""
AlIiJUAl
,
'""
~OOTNOf{S
lI.o R[V1SEO
P.PRrL l1·I1NARl
REAL
COHPENSATlON PER
tlOURI Z)
COHP(HS~-
TIOII PtR
IlOURI Zl
UNIT
LASOR
COSTS
UNIT "ONLABOR PATME"TS(l)
IMPliCIT
PRICE
D(fLATDR(~)
I"DEXES 1,,1- IQO
1I1.9R
IIL2R
1l2.IR
1I0.1M
'"""
~((
IIO'IRS
Of All
PERSOfIS
12_. I
lB . '
120 • ,
ua
U 7S
OIITP\JT
III.n
1I0.1R
1I0.1R
109. U
A~NUAl
1~ IS
OIJTPIJT PER
IIOIJR
OF All PERSONS
~O"FAR" HOIIOHY,ALL PERSONS,PRQOl)(:TIYITY
IIIIIT COST, ANO PRICES, SEASONAl l Y AOJUSTED
109.9"
lU._P
IH.SR
119.9
1 __ ._
161.8R
167.5R
109.IR
109.9R
109 . 'R
101 . GR
Il l. SR
161.9R
101.2R
lOG. lR
IOti.1P
110.9R
In.IR
111.IP
lS~.1A
PERCENT CIIA!1GE FRON PREVIOUS qUART[R
-1.0R
-I ., R
-LIM
-J. _
-1.6
-0.1
-2. ,
-2.1
- 2. f.
O. 'R
-Il. 1
-In.IR
- J.' R
-~.
,
.. ,
-2.6R
S. I R
9.'P
11.1P
-1.6R
LOR
-O.IR
-6. I
I.~P
I.U
\l.U
-2.~R
-0.6
-I.S
-~.,
I.U
O. qR
o • 2A
- 1. 1 R
- 2.'
-2 . r,
Q. JR
-2.SR
-6 . ,
_s • 9
- 2 .1 P
-2.1
-'.6
-O.ln
2. lP
fOLLOlilUC YA8l(
••
-_.2
- S • 2"
-_ .IP
109 . 6R
H~.6
129 . 2R
1',0.0
IOI . a
109.1R
109 . 2P
151.GR
ISl.~"
1S1.1P
HO.IR
Hl.1R
H1.9P
1 5 1. 0
H2o 5
1S'.2P
-2. ,
16. IR
H.GR
U.1R
H.lR
t.IR
16.1R
U.gR
H.2R
-2. 0 R
Il.O
-3. 9R
n.2p
-l.IM
•••
~.
I 51 • 5
In.O
lU.2
l ' 6. 1
IR
I.~R
n.~R
7.1R
1.6P
1. r,R
a.I?
IIUARl~R
1.2R
'.IM
al.'
AIINUAl RATEIS)
10. ,~
PERtElIT CIIAIIGE FROM CORR£SPOIIDIIIG
-2.'R
-2.9
"
151. S
In.IR
121.SR
IB._
1H.6R
"
...
II • '"
_O •• P
•••
9.' R
11._
11. 9
U.9
r. 3 R
-2.0R
12 • 0
~
-1. OR
_ n. 7 R
I 2. 7
• ~R
iR
~. 5 P
~.
..
,
H. IP
H.1R
12 .'
D.l
11. I
1 2. ,
•••
, .6P
PREVIOUS YEAR(6I
-2.U
-1. 1R
- 1 • 1R
- 2• I R
~.6R
•••
n. I
n.l
-O.2P
.. ,
6.2P
•••
•••
II .,
12 .1
•••
10. S
12._
U.S
•••
II . I
l' • 2
12 .0
1l.'P
I O.~
11 • 2
I . _P
GCTOIU a,191S
SOIJRCt: aUR£AU OF tABOR STATISTICS
TUlE l.
HAR AND
Q.UA RHR
,
OUTPUT PER
HOUR Of
All PERSOIIS
~IUfAtTURING
COllf'E~SATIO~.
SEelOR: OUTPUT PER HOUR OF ALL PERSOttS. HOURlY
Vllll LUOR COSTS. SEASONALLY ADJUSTHI
O'ITPUT
HOURS
(7)
COMPENSATION PER
HOUR Of ALL
PERSOIIS( I I
REAL CotlPENSA T IOH
P~R HOUR Of ALL
PERSOIIS(2)
UN I T LABOR
cnST
19H
'"""
ANNUAL
,
la' .lR
127.U
IH.~
10l.9R
n9.tR
129.ZR
Ill. ~R
la.ZR
H2.9
HZ.'
121.'
JOl.7R
10Z.1R
lS,.OR
lS'.'IR
16l.1R
Hl.l
IOZ.OR
16 •• U
161.1R
I01.JR
IO'.9R
I09.U
109. OR
IH.1R
126. S
129.2P
116.2
llS . IR
92.SR
IU . ~P
9Z.V
IH.IR
177.0R
UO.4P
llO.IR
11l.OR
!lO.SP
n.n
11 O. 1
122 .•
HG.2
HO.7
12~ .6
1115
'""
,
"
'"
AHNUAt
"
19H
,
'""
91. OR
PERCENT CIlANnr FROM PREVIOUS QUARTER AT
'.a
5. SR
D.U
•••
- c.}
D.1R
- 0.6
L.
--2.U
_.U
- S. 8
D.n
-n.n
-n.!
- 1. JR
A~"UAL
_.SR
16. lR
IO.9R
H.IR
9.tR
RATE
1.lR
_.SR
1. }R
1.1R
L'
1915
,
9.6R
Z.1 R
1.9P
191\
'"""
,
ANNUIIL
O. SR
I.IR
O.IR
•••
O.lR
19l5
'""
-Jl.1
- '.1 R
n.tP
...
• UVISEO
p . PRHI"IHARY
9.ZR
I.OP
'.SR
J.nR
O.SF
PfRCEtll CHIIIIH fRO/-! PREVIOUS YEAR (51
•••
•••
1.,R
O.lR
..,,R
•••
•••
O.IR
-11.2
- 1l. O
-11.\R
-IO.lP
-IO.lP
-n. 'R
SEE ,OOTIIOTES FOLLOWING TAnE ' .
~
1l.IR
1.
1.1~
g.2R
IO.OR
11. ,
~.U
2. 6 R
l.lR
...
lH.~
n9.9R
1l9.6P
en
,.. ,
..
II . S
IS.O
•••
n.6
6.ZR
- O.IP
..
..
,.. ,
,
1.2R
10. I
G.3R
IO.~
SOURCE: ~U REIIU OF LABOR STATIS T ICS
OCTI)RER 2_. un
fUH _. NOIIF IN"rICrAl COIIP1)RATrONS: P~OClUtT I W I TY. rrOlJ~l' Ci)I1P(NSATrON
,,'lIT tARO. r.OSTS • • mlT PROFITS ,,"D P.1CES. ~("$OrIAlU ANUSTEfI
Y(AR
AIIO
QUARTER
OUTPUT
PER ALL-
OIJTPUT
1I000RS
[NPtOY(~
UOIJA
,
'"
19/\
'"""
1915
,
"
111/\
,
'"""
1915
,
"
AlmUAt
COIiI'EN'
SA1I011{ l)
110.S.
IH.i
1r;1.1~
IIQ.~A
!)G.\
U5.1R
169.,A
110.'11
Ing.IA
16}.OR
IIQ.\1I
111. . .
In.s
116.0
IU. I
UI._
Il).,A
10). ~R
110.SR
101.'A
Ill.IR
1I1.1R
111.1.
IZI.~R
nO.6
UO.~
PERCf.~T
1.011
..,
...
I.a
I. 111
G.~R
2.DR
-10.2
1.\.
2.'~
- 2.5
II . III
3. I A
'"'
0.>
10 • SA
~.I
,
I. 911
I.U
2.1R
,.,
2.'R
ANNUAt
-
O. J
2.6A
..,..,
•••
L.
'"
,.,
5.3.
FOOTIIOHS fOttOWING
p . PllttlNIMARY
R • REV I SED
lAnE
IINl1
11011UBOR
~E~CENT
I. 9~
O.SR
O.lR
",
0.111
..
,
fi. 1R
~.
R
'"
I}\. 2
1 H.9
01.0
J' 2. ,
1\0.~
1\1.1
1'0. 9
I\S. S
IlI.O
I_n. _
IH.'
Ill. _
\.3R
I. IA
2.0R
2.,R
2.111
I'. 9
1).9
II. 9
II. "
ll. ~
12.5.
12. ,
11.'
,.,
1 . ! II
IG. I
ID.l
21 • •
S.5R
lIN IT
PROFtlS
ClO)
UIPUtlT
pllrCE
fI[FLATOIi
In.a
In.'
IlG. 1
IH.1
IH.~
IH.S
(~)
.... ,,
-12. I
11 • \
n.l
",
I I•,
II. )
Il.~
- G.:
I" • G
11 • ~
I!.~
11.0
- 1.1
In.2
U . )II
U.6
..
I
,
..,
I) •
J
CIIANGE Fllotl PREVIOUS YEAR
1. I R
a.SR
~. 'II
10.0
~.
5 • OR
\. OR
lOUt
UNIT
COSTS
COSTSII)
CIIAlrr.r FROII PREV I OUS nUARHII AT ANNu.\t PATE
11. ,R
10. )11
10 • 6A
O.l~
I.D~
\.1111
LAHti.
COSTS
156.5.
111.U
1~1\
"
su
R(At
1l0URU
IIft.U
110.2R
110.111
101.1.
IM.U
III.U
III.U
MlIIUAt
'"""
1915
,
UOUlitY
COI<PENSAHOM
JR
10.9R
10. U
2.6A
.. ,
1.9A
1. 9R
l.OR
n.
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•••
••••
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,., 11.1
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,1.1A II.S
..
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'"
SOURCE, RUREAU OF lAr-OR STATISTICS
OC TOIE. H. IH5
CHART 1. PRODUCTIVITY. HOURLY
COMPENSATION. UNIT COSTS ANO PRICES
TOTAL PRIVATE ECONOMY
[PERCENT CHANGE FROM PRECEOING
QUARTER AT ANNUAL RATE)
15
OUTPUf
PER HOUR
OF ALL
,
,
, PERSONS ,
,
..
,, ---------------------------------------.-,,
,,
,,
,,,
,,, ------------------------_._-----------_._-----------,
,"
,
,,
,,
-------------.------ ---,
",;,."!-,-----------~----- - - ------i_----,
,
,,
,,
,
,
,
,
,
,
,
,
-------------._-----------_._--------------------------_._------------.
,
.
.
.,
"
,,"
COMPENSAT I ON PER HOUR Of ALL PE
,,
,,
,,
,
,
,,
---.---------- -- -~ -
5
o
-5
ONS
III
6,'
15
,,-;p~,,-<:----------
10
------~-.-.---------.!.-------------
5
,,
,
o
,,,
,,
UNIT
LABOR
COSTS
,
,,
. ,,
,
------------ -~, --- -- - -- --- -~--,, --- -------I------------,
,-------------~,,,
,
,
10
III
-2.4
15
10
"
- - -- -- -- - -- -~----- ---- --- - ""---
5
o
m
W ••
UNIT
PAYMENTS
, NONLABOR
,
,
,
------------- ,,, -------------.----------------------------.-------------.-----------,,,
,,,
,,,
,,
,
,
,
,
,
, '
,
---------- ---,-------------- -- ---,--,,
,
, -- --,
,,
,,
,,
,
-------------1------+----------+---'-J------t,,
,
,,,
,,
.
---------~-------------.
..
,,,
,
,,
,
,
,
,,
, -------------.-------------,-------------""------------,
,
-------------.-------------.------------,,,
,,,
,
,
,
,,,
III
IMPLICIT
PRICE
OEfLATOR
,,
5, ,
,
,
,
,,
,, -------------.------------,
-------------.-------------.------------,,,
,
,
..
..
--....,........-i'....""",."''i',,'',.,,------~-------------'
15
10
5
o
-5
15
10
5
o
1969
1970
1971
1972
1973
1974
1975
OC T 24 . 19 75
CHART 2 . PRODUCTIVITY. HOURLY
COMPENSATION UNIT COSTS AND PRICES
PRIVATE NONFARM SECTOR
(PERCENT CHANGE FROM PRECEDING
QUARTER AT ANNUAL RATE)
••
-------------.-----•
•
OUTPUT PER HOUR Of
•
.. :
-
10
:
••
•
~"'''''...·o!~-------------i-------------~---•
•
••
•
••
•
•••
··
ALL PERSONS
III
••
,
,•
-------------t-------------~--------------~-------------t-------------i
,,
,,
,,
,,
o
.
·,
- . - - .- . - -~-----------.
••
.
.
••
III
:
COMPENSATION PER HOUR OF ALL PERSONS
•
,
.6
•
••
: ------------•
•
•
_ -.--------.-._.
_._.
----------.--•
••
••
•
•
••
•
---.-----~------- ---- •
••
••
••
•
•
••
UNIT LABOR COSTS
:
••
• •,
III
,
,•
•
,
,
,
,
,
-------------.----------------------------------------.-------------.---------------------,,
,
,,
,
-0_6
,,
- ____________ or_
,
,
•
,.------_______
,
___ +r._. ___ .______ .----_----__•
•
/~,//,"
.
.
i
••
•
•
•
------------i-------------~--•
•
••
••
•
••
••
III
••
UNJT NONLRBOR PAYMENTS
•
•
_.-.- • --------14 .6
.--.-.------.:,.. ---- .. -----:-.-.-.-------~-------------~-.----------.~-,
,
,
, -.
••
•,•
•
•
,
' ,
••
_._._._--+--.--.-.-.-.. -.+.--------------·----·~-·-·
·-·----I
----------·--i-,
,
,
,
•
••
••
•
••
••
•
••
•
•
--_._-------_.••_.. ----.-.-~-.--~~,.,.-.~-.--~ "'~
--~-------------~------.-----•
••
••
•••
••
••
•
•
•
•
.
.
·
.
_._-----------------------.---.-
..
..
..
·
·
~------.-.-
....
.
...
......
..
,
,
:•,
.,
,
-·--·-------·f-·-·-·-·-·-·-~-·------·---·"'-------------+·-·-·-·------f----------·--~·----------·
,
,
,
,
"
,
, '
,
.
"
III
' :•
:
:
••
6
•
•
_._._--_.-. __ ._-_._._._.
•
•
•
IMPLICIT PRICE OE fLR TOR ---------t-·;··,·'·.;.··~·~
··~
·~~.~.------.----.
••
••
••
,
, .'
,
·,,
"-----------_._--------------.----_._-_._-------------_._-------------.-_
.. _--_._--.
,
,
,,,
.
,
,
.
,
,
' .
,••••
'
,
----.------4----_______
.
__
+____
----..:_---.•
,
,
,
•
•
•
•
._._~-----
•
1969
1970
1971
1972
1973
1974
OCT 24
,
1975
1975
-,
15
10
,
o
20
15
10
,
o
20
15
10
,
o
-,
20
15
10
,
o
PRODUCTIVITY. HOURLY
CHART 3
COMPENSATION UNIT COSTS AND PRICES
NONFINANCIRL CORPORATIONS
(PERCENT CHANGE FROM SAME
QURRTER A YERR AGO)
OUTPUT PER
,
,
~LL - EMPLOYEE
15
HOUR
I1
-------------~-------------~-------------~-------------~-------------~-------------~------------,
,
,
,
,
,
" .
"
-------------~-------------~1
Y
-----------l-------------~-------------t--------~-·-~-
,,
,
.,
,
------.------.-------------~-------------
,,
"'-J,
!
i/
,,,
,
,
,
,
,, -------------.-------------.------------,,
,
,, -------------
..
COHPE~SATION
..,
.
"
I0
5
o
-5
15
10 • 1
PER ALL-EMPLOYEE HOUR
-::-:-:-:-:-:-:-:-:-:-~-ii:-:-:-:-:-:-:-~-:-:-:-:-:-:·~~-:-:-:-=-:-:-:-:-:-:-:-:-:~;i~-:-:-:-:-:-:-:-:-:-:-~-:-ii:-:-:-:-:-:-:-:-=-~-:-:-;:l-:-:-~~~~~~l:~:=:-------
10
-------------~--------.----~--------------~------.------f-------------~-------------~------------""
,",
""
,
5
,,,
,,
,,
,,
..
UNlT LABOR COSTS
----- --- -----,-------------~------------- -~-- -- -- --.-.--t-------------~---
,
"
II
7_3
I5
I0
---------:-~-
~=:::::--:-,['- ~-~- ~- :-:J'C- :- : - =- =-~- ; ;- t~- =- :-:- =- =- =- +t-=-~- :- _- _-_~-------------------~~i--- - - 7-;T:- - ~,,,
,
,
---------···_T,, _____________UNIT
,,
,
,
,
,
o
I3 • I
5
o
15
NONLABOR PAYMENTS
, _______ . _____ T
,_____________ , ____________ _
,,
,,
,,,
,
,
----- --------t-------~----------~-----------!-------------1---- -------1-------------- 1 ~-----------_.""
I~~;/~+i--f'~~'~~~--~,..
,,",
10
5
o
-------------f-------------~-------------_r-----------·
- ,;-------------~-------------~------------I - -5
,
,
,
,
,
"
,
,
,
II 1- I 5
,,
,
IMPLICIT PRICE OEFUHOR
,
,
,
,,
,
,"
,
,
-------------.-------.
-- ---~--------------~---------------------------.------,,,
,,,
,
9 _2
, ----~--
~--~---~--~---~---fi-~--;---;--;±;--;---;--~---~-+~--~---~--~---5--!t---~--~---~---;-~:--;---;---;---;--f+-;---;---~--;d----::
1969
1970
1971
1972
1973
1974
OCT
1975
24
1975
10
5
o
CHART 4
UNIT COSTS . UNIT PROFITS. AND PRICES
NONFINANCIAL CORPORATIONS
(PERCENT CHANGE FROM SAME
QUARTER A YEAR AGO)
·,
UNIT LA BOR COSTS
."
II
1.3
,
-.. ----------.----- .. --.-.-~--------------~-------- - - --.-------------~-•
•
•
•
----._----------••
••
•
••
••
10
••
•
•
- --.• - ----------- ~----------.-•
---------- ---~------------- ~--------
•
•
----------~-----
-----~-------
•
II
9 .•
i
TOTAL UNIT COST,
,
--- - -- - -- ---;-------------4-------------,,------------- ~-- ---- - -- ----~- -. ' ' '.....".".,.:.:.:1;:.:.:.:.:.: .: .:.:.:::.:.:. ,-
•
••
i
-----------Jl-------------~.----------
_; _____________
••
•
~------------•
•
••
:
•
•
,•
-------------;------------,----------------------;-----------~-------------~------------•
•
•
••
•
••
•
II
•
••
•••
7.7
••
•••
• -- --- ---- -- --- -- ---.----- -- --- ---- ------------- -------------.------••
•
•
•
•
•
••
•
•
•••
••
·
.
---_._-
---- ~--
UN T PROFITS
•
-------------t------------,
,•
•
:
•,,
,
•
•
•
--------------~-------------+-------------~
----------~--, ' ,
' - - - -------
' "
••
.
•••
••
,•
,
1971
,
0
I'
10
,
0
20
15
I0
,
.,
-10
.
-I'
- 20
•,
,
,
------------_._-----------_.------ -- - ------------------ -,-------------.-------------~-------------
1970
10
'
•
,,
,,
,,
,
,
--- , -------------.-------_._---.-------------.--------------.------------,
,
,
..:
I'
0
:
----.--------
1972
1973
24
,
0
20
UN.IT NONLABOR
,:
. COSTS ,
,
-------------.-------------~-------------~-------------f-------------~---------·--,,
,,
,,
,,
,,
•••
,
,
,
,
,,
, "
•
------------_.
-~ -------------~- ---------~------------•
,, -------------:------------,
,
,
••
•
•
,
,•
,•
,
-------.------.------------------------ ..• ------------, -,
,
,
• ••
•
••
1969
15
1975
1975
-25
@FedFRASER