Full text of Productivity and Costs : Third Quarter 1983

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;.

1

sited States
Department
of
r
Washington, D .G. 20212

_

urea u of Labor Statistics
Historical, technical
information : (202) 523-9261
Current data : (202) 523-1221 or 1208
Media contact : (202) 523-1913

USDL 83-462
For Release 10 :00 AM EDT
Thursday, October 27, 1983

PRODUCE I COSTS
Third quarter 1983
Productivity, as measured by output per hour of all persons, increased during
the third quarter of 1983 in the business, nonfarm business, and manufacturing
sectors, the Bureau of Labor Statistics of the U .S . Department of Labor
reported . Hourly output rose at an annual rate of 4 .8 percent in the business
sector, the broadest category covered, as output increased 10 .0 percent and
hours of all persons engaged in the sector increased 5 .0 percent . Productivity
has grown more in the last 4 quarters than in any similar time period since
1976 .
Other sectors showed productivity
annual rates :
5 .0
12 .1
12 .0
12 .2

percent
percent
percent
percent

in
in
in
in

increases

for the third

quarter at these

nonfarm business,
manufacturing as a whole,
durable goods manufacturing, and
nondurables .

Unit labor cost rose slightly in the business sector but declined for the
second consecutive quarter in nonfarm business and manufacturing, as
-productivity gains in the latter sectors more than offset increases in hourly
compensation .
All of these seasonally adjusted annual rates--which are preliminary--are
summarized in table A and appear in detail in tables 1-5 .
Business sector
Productivity advanced 4 .8 percent in the business sector, as output increased
10 .0 percent and hours of all persons rose 5 .0 percent (seasonally adjusted
annual rates) . During the second quarter, productivity rose 5 .4 percent, and
output and hours increased 12 .2 percent and 6 .5 percent, respectively (table
1) . Compared with the third quarter of 1982, productivity increased 3 .9
percent ; output and hours rose 5 .9 percent and 1 .9, respectively .
Hourly compensation, which includes wages, salaries, and employer contributions
to employee benefit plans, increased at a 5 .6 percent annual rate, compared
with a 3 .5 percent increase during the second quarter . Real hourly
compensation, which also takes account of changes in the Consumer Price Index
for All Urban Consumers (CPI-U), increased 0 .8 percent . The faster rate of
growth of hourly compensation, coupled with the slower increase in productivity
during the third quarter, resulted in the 0 .8 percent increase in unit labor
cost .



-2Table A . Productivity and costs : Preliminary third quarter 1983 measures
(Seasonally-adjusted annual rates)

Sector

Produc - compentivity Output Hours

Real
Hourly hourly Unit
compen- labor
sation sation cost

Percent change from preceding quarter
Business
Nonfarm business
Manufacturing
Durable
Nondurable

4 .8
5 .0
12 .1
12 .0
12 .2

10 .0
11 .4
22 .5
26 .5
17 .1

5 .0
6 .1
9 .3
12 .9
4 .4

5 .6
4 .5
3 .1
3 .2
2 .0

0 .8
-0 .3
-1 .6
-1 .5
-2 .6

0 .8
-0 .5
-8 .0
-7 .9
-9 .1

Percent change from same quarter a year ago
Business
Nonfarm business
Manufacturing
Durable
Nondurable

3 .9
4 .1
7 .5
8 .0
6 .7

5 .9
6 .1
`11 .1
11 .7
10 .2

1 .9
1 .9
3 .3
3 .4
3 .3

5 .0
5 .3
5 .0
4 .9
5 .2

2 .4
2 .7
2 .4
2 .2
2 .5

1
1
-2
-2
-1

.1
.2
.3
.9
.4

The small rise in unit labor cost was reflected in the preliminary implicit
price deflator for the business sector . This measure of price change for the
goods and services which comprise business output increased at a 2 .7 percent
annual race, the smallest quarterly rise in this series since the fourth
quarter of 1982 . .
Nonfarm business
Output per hour of all persons increased 5 .0 percent in the nonfarm business
sector, as output rose 11 .4 percent and hours of all persons increased 6 .1
percent during the third quarter . In the previous quarter, productivity gained
6 .6 pereent, output rose 13 .2 percent, and hours increased 6 .2 percent (table
2) . The increase in productivity between the third quarter of 1982 and the
third quarter of 1983 (4 .1 percent) was the largest 4-quarter increase since
1976 . Output -and hours rose 6 .1 percent and 1 .9 percent over the 12-month
period .
Hourly compensation rose at a 4 .5 percent annual rate in the third quarter,
compared with a 4 .3 percent gain during the second quarter . Real hourly
compensation declined 0 .3 percent during the third quarter . Unit labor cost
declined 0 .5 percent, the second consecutive decrease in this measure . The
continued decline in unit labor cost--combined with slowing growth of unit
nonlabor payments--was reflected in the further slowdown in price inflation in
this sector . The 2 .5 percent increase in the implicit price deflator was the
smallest since the third quarter of 1982 .




-3Manufacturing
Manufacturing productivity increased at a 12 .1 percent annual rate during the third
quarter, compared with a 9 .0 percent increase during the second quarter . This was the
largest produtivity gain since the fourth quarter of 1980, when it rose .13 .7 percent
(table 3) . Compared with the same quarter of last year, manufacturing productivity
advanced 7 .5 percent while output and hours grew 11 .1 percent and 3 .3 percent,
respectively . Output rose 22 .5 percent in the third quarter, and hours increased 9 .3
rcent (seasonally adjusted annual rates) . The increase in output was the largest
quarterly gain since 1975 (when it rose 28 .9 percent in the third quarter) . Hourly
compensation rose 3 .1 percent and, combined with the rapid increase in productivity,
resulted in an 8 .0 percent decline in unit labor cost, the largest drop since 1975 (when
it fell 11 .8 percent in the third quarter) . Real hourly compensation declined 2 .1
percent in the third quarter . Output and hours grew faster among durable goods
manufacturers (tables 4 and` 5) .
Nonfi ncial corporations

.

Table B . Preliminary and revised productivity and related measures for
nonfinancial coiporations,' second quarter 1983
Percent change from previous quarter at annual rate
(Seasonally adjusted)

Item

Produc-

tivity

Preliminary 5 .5
Revised 6 .5




O utput Hours

13 .5
14 .6

7 .6
7 .6

Hourly
compen-

Real
hourly
compen-

sation

sation

2 .9
2 .9

-1 .3
-1 .2

Unit
labor

cost

- 2 .4
-3 .4

Unit
nonlabor

cost

-2 .8
- 3 .8

Unit
profits

98 .5
104 .7

-4TECHNICAL NOTES
Business sector output is equal to gross national product less the rest-ofthe-world sector, general government, output of paid employees of private
households and nonprofit institutions, rental value of owner-occupied dwellings,
and the statistical discrepancy in computing the national income accounts .
Corresponding exclusions are also made in labor inputs . Business output has
accounted for about 77 percent of gross national product in recent years .
Total manufacturing measures are computed by summing series prepared for the
durable and nondurable goods sectors .
The durable sector includes the following 2-digit SIC industries : Primary metal ;
fabricated metal products ; nonelectrical machinery ; electrical machinery;
transportation equipment ; instruments ; lumber and lumber products ; furniture and
fixtures ; stone, clay, and glass products ; and miscellaneous manufactures . The
nondurable sector includes the following -digit SIC industries : Textile mill
products, apparel . products, leather and leather products, printing and
publishing, chemicals and chemical products, petroleum products, rubber
and plastic products, foods, and tobacco products .
Manufacturing output has accounted for about 24 percent of gross national product
in recent years .

Nonfinancial corporate output is equal to gross national product less the
k
rest-of-the-world sector, general government, unincorporated business, output o'
paid employees of private households and nonprofit institutions, rental value of
owner-occupied dwellings, the output of corporations engaged in banking, finance,
stock and commodity trading, and credit and insurance agencies,> and the
statistical discrepancy in computing the national income accounts . Nonfinancial
corporate output has accounted for about 59 percent of gross national product in
recent years .
The productivity and associated cost measures in this news release describe the
relationship between output in real terms and the labor time involved in its
production . They show the changes from period to period in the amount of goods
and services produced per hour . Although these measures relate output to hours
of all persons engaged in a sector, they do not measure the specific
contributions of labor, capital, or any other factor of production . Rather, they
reflect the joint effects of many influences, including changes in technology ;
capital investment ; level of output ; utilization of capacity, energy, and
; and the
materials ; the organization of production ; managerial skill
.
characteristics and effort of the work force




TABLE 1 . BUSINESS SECTOR, ALL Ps•.RSONS : PRODUCTIVITY,
HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED

YEAR AND

QUARTER

OUTPUT PER

HOUR

OUTPUT

HOURS

OF ALL

COMPENSA-

TION PER

REAL

CO ENSA-

TION PER

UNIT

LABOR

UNIT NONLABOR PAY-

IMPLICIT

PRICE

MENTS(3)
DEFLATOR
HOUR ( 1)
HOUR (2)
COST
OF ALL PERSONS
------------------------- --__-------------------- ------------------------- -------------------- r------- ----------- -- - PERSONS

INDEXES 1977-100

1
11
111
IV

101 .1
100 .7
101 .1
101 .9

107 .2
106 .9
106 .6
106 .0

106
106
105
104

.0
.2
.4
.0

151 .6
153 .9
156 .5
158 .7

97 .1
97 .4
97 .1
98 .0

149 .9
152 .9
154 .7
155 .6

137
137
136
137

.0
.0
.3
.4

145 .5
147 .5
148 .5
149 .4

ANNUAL

101 .2

106 .7

105 .4

155 .1

97 .4

153 .3

136 .9

147 .7

1982

151 .5
99 .4
156 .9
140 .8
107 .1
104 .5
160 .7
102 .5
152 .7R
.1
99
.2
156
.2R
145
.8
110 .2R
106 .2
162
yy
103 .8R
156
.5P
148
.2P
153 .7P
107
.5P
164
.3P
99
.4P
105
.OP
112
.9P
III
----------------------------------- -------------------- -------- ------- ---_---- ---------- ------------------ ----------PERCENT CHANGE FROM PREVI OUS QUARTER AT ANNUAL RATEM
1983

1

1982

1
11
III
Iv

-0 .4
-1 .6
1 .7
3 .3

- 6 .3
-1 .0
-1 .1
-2 .3

-6 .0
0 .6
-2 .7
-5 .4

9 .4
6 .4
6 .7
5 .7

6 .3
1 .1
-1 .0
3 .7

9 .8
8 .1
5 .0
2 .3

-8 .8
-0 .1
-2 .0
3 .2

3 .4
5 .5
2 .7
2 .6

ANNUAL

-0 .1

-2 .8

-2 .7

7 .7

1 .5

7 .9

0 .5

5 .4

4 .2
12 .2R

2 .1
6 .5

5 .4
3 .5

5 .8
-0 .7

3 .3
-1 .8R

10 .5
15 .0

5 .5
3 .3R

1983

1
II

2 .0
5 .4R

2 .7P
5 .6P
0 .8P
0 .8P
6 .7P
III
4,8P
10 .OP
5 .OP
--------- --------------- -------------------°-----------°-----------------------------------------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)

1
II
III
IV

0 .6
-0 .4
-1 .1
0 .7

-1 .8
-2 .6
-4 .1
-2 .7

- 2 .4
-2 .2
-3 .0
-3 .4

8 .5
8 .2
7 .5
7 .1

0 .8
1 .3
1 .6
2 .5

7 .9
8 .7
8 .7
6 .3

4 .4
2 .7
-2 .6
-2 .0

6 .7
6 .7
4 .9
3 .5

ANNUAL

-0 .1

-2 .8

-2 .7

7 .7

1 .5

7 .9

0 .5

5 .4

-0 .1
3 .1R

-1 .4
0 .0

6 .1
5 .3

2 .4
1 .9

4 .7
2 .2R

2 .8
6 .5

4 .1
3 .5

1982

1983

1
II

1 .3
3 .1R

1 .1P
8 .8P
3 .5P
5 .9P
1 .9P
5 .0P
2 .4P
III
3 .9P
------ - - ---- ---- - - ----------- ----------- ------------ ---- -------------- - - ----- - ----- - - - --------- - --------- ---------SEE FOOTNOTES FOLLOWING TABLE 6 .
OCTOBER 27, 1983
R- REVISED
SOURCE : BUREAU OF LABOR STATISTICS
P-PRELIMINARY
-




TABLE 2 . NONFARM BUSINESS SECTOR, ALL PERSONS : PRODUCTIVITY,
HOURLY COMPENSATION, UNIT LABOR COST, AND PRICES, SEASONALLY ADJUSTED
REAL
COMPENSAUNIT
UNIT NONIMPLICIT
OUTPUT
HOURS
COMPENSAOUTPUT
PER
YEAR AND
PRICE .
TION PER
TION PER
LABOR
LABOR PAYHOUR
OF ALL
QUARTER
HOUR(1)
HOUR(2)
COST
M
ENTS(3)
DEFLATOR
OF ALL PERSONS
PERSONS
--------------- ------------------------- --------------------------------- ------------- ------------- -------------------------•
I NDEXES 1977=100

I
II
III
IV

100 .0
99 .9
100 .4
100 .8

106 .5
106 .7
106 .5
105 .4

106 .5
106 .8
106 .0
104 .6

151 .3
153 .5
156 .1
158 .3

96 .9'
97 .1
96 .9
97 .8

151 .3
153 .6
155 .4
157 .1

136 .4
137 .7
-136 .5
137 .2 _

146 .4
148 .3
149 .1
150 .5

ANNUAL

100 .2

106 .3

106 .0

154 .7

97 .1

154 .4

137 .0

148 .6

1982

161 .0
99 .5
158 .3
140 .7
152 .4
101 .7
106 .7
104 .9
I
106 .5
162 .7
99 .6
157 .4R
145 .9R
153 .6
103 .3R
11O .OR
I1
164 .5P
99 .5P
157 .3P
149 .2P
154 .6P
113 .1P
108 .1P
104 .6P
III
-------------- ------------------ -- --------- ------------- ----------------- ------------- ------------- --------------- ----------1983

PERCFNT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S)

1
11
III
IV

0 .1
-0 .4
2 .3
1 .3

ANNUAL

-0 .1

1982

1983

I

II

3 .7

6 .6R

.

.2
.8
.6
.1

-6 .2
1 .2
-2 .9
-5 .3

10 .0
5 .8
7 .2
5 .8

6 .8
0 .5
-0 .6
3 .7

9 .9
6 .2
4 .7
4 .4

-8 .5
3 .7
-3 .4
2 .0

3 .7
5 .4
2 .2
3 .7

-2 .8

-2 .7

7 .8

1 .6

7 .9

1 .4

5 .8

1 .2

6 .8

7 .2

3 .0

10 .6

5 .3

-6
0
-0
-4

4 .9

13 .2R

6 .2

4 .3

0 .1

-2 .1R

15 .7R

3 .2R

5 .0P
11 .4P
6 .1P
4 .5P
-0 .3P
-0 .5P
9 .2P
2 .5P
III
-------------- ------------------ ----- ------ ------------- ------------------------------ ------------- -------------------------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)

II
III
IV

-0 .3
-0 .6
0 .8

-0 .1

-2 .5

-2 .4

8 .6

0 .9

8 .7
8 .5
8 .3
6 .3

4 .2
-1 .3
-1 .6

7 .1
5 .2
3 .7

ANNUAL

-0 .1

-2 .8

-2 .7

7 .8

1 .6

7 .9

1 .4

5 .8

1 .7

0 .2

-1 ;.5

6 .4

2 .7

4 .6

3 .1

4 .1

1982

1983

I

I

II

3 .4R

-2 .5
-3 .6
-2 .6

3 .1R

-2 .2
-3 .0
-3 .4

-0 .3

8 .2
7 .6
7 .2

6 .0

1 .3
1 .7
2 .6

2 .6

2 .5R

4 .7

6 .OR

7 .4

3 .6

4 .1P
1 .9P
5 .3P
2 .7P
1 .2P
9 .3P
3 .7P
III
6 .1P
-------------- -- ---------------- ----------- ------------ ------------------ ------------- ------------- --------------- ---------SEE FOOTNOTES FOLLOWING TABLE 6 .
OCTOBER 27, 1983
R=REVISED
SOURCE : BUREAU
.,LABOR
(l-- STATISTICS
P=PRELIMINARY



TABLE 3 . MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY
COMPENSAT ION, UNIT LABOR COST, SEASONALLY ADJUSTED
REAL
OUTPUT PER
OUTPUT
HOURS
COMPENSACOMPENSAUNIT
HOUR
(7)
OF ALL
TION PER
TION PER
LABOR
OF ALL PERSONS
PERSONS
HOUR(1)
HOUR(2)
COST
---- ---------- ------------------- ------------------- ------------------------------------ ---------YEAR AND
QUARTER

INDEXES 1977=100

1982

I
II
III
IV

105 .1
105 .3
107'.8
108 .1

100 .2
99 .5
99 .5
97 .2

95 .4
94 .5
92 .3
89 .9

155
157
159
161

.1
.1
.6
.4

99 .4
99 .4
99 .1
99 .7

147 .6
149 .1
148 .1
149 .3

ANNUAL

106 .5

99 .1

93 .0

158 .2

99 .3

148 .5

100 .1
150 .2
I
110 .2
90 .9
165 .5
102 .3
105 .OR
93 .3
166 .4
101 .8
147 .8R
II
112 .6R
III
115 .8P
110 .5P
95 .4P
167 .6P
101 .4P
144 .7P
---- ---------- -------------------------------- - ------------ --------- - -- ----------------- ---------1983

PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(5)

1982

1983

I
II
III
IV

2 .8
0 .8
9 .6
1 .2

-11 .2
-2 .9
0 .0
-9 .0

-13 .7
-3 .7
-8 .7
-10 .0

13 .1
5 .1
6 .5
4 .5

9 .8.
-0 .2
-1 .2
2 .5

9 .9
4 .3
-2 .8
3 .3

ANNUAL

1 .2

-6 .9

-8 .0

8 .5

2 .2

7 .2

10 .7
2 .1

11 .1
-2 .1

2 .5
-6 .4R

I
II
III

8 .0
9 .OR
12 .1P

12 .7
21 .2R
22 .5P

4 .3
11 .1R
9 .3P

I
II
III
IV

0 .0
-0 .1
1 .6
3 .5

-6 .1
-7 .7
-8 .0
-5 .9

-6
-7
-9
-9

.2
.6
.4
.1

9 .6
8 .8
8 .6
7 .3

1 .8
1 .9
2 .6
2 .7

9 .5
8 .9
6 .9
3 .6

ANNUAL

1 .2

-6 .9

-8 .0

8 .5

2 .2

7 .2

4 .8
6 .9R

-0 .1
5 .6R

-4 .7
-1 .2

6 .7
5 .9

3 .0
2 .5

1 .8
-0 .9R

-8 .OP
3 .1P
-1 .6P
-------------- ------------------- ------------------------------------------------------- ---------PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)

1982

1983

I
II
III

2 .4P
-2 .3P
3 .3P
5 .OP
7 .5P
11 .1P
---- ---------- --------------- ---- --------- ---------------- -------------- ---------------- ---------SEE FOOTNOTES FOLLOWING TABLE 6 .
R=REVISED
P=PR ELIMINARY




OCTOBER 27, 1983
SOURCE : BUREAU OF LABOR STATISTICS

TABLE 4 . DURABLE MANUFACTURING SECTOR : PRODUCTIVITY, HOURLY
COMPENSATION, UNIT LABOR COST, SEASONALLY ADJUSTED(11)
REAL
OUTPUT PER
OUTPUT
HOURS
COMPENSACOMPENSAUNIT
HOUR
(7)
OF ALL
TION PER
TION PER
LABOR
OF ALL PERSONS
PERSONS
HOUR(1)
HOUR(2)
COST
------------- -------------------- ---------- ------------- - -- -- - - ------------------------- ----------I NDEXES 1977=100
YEAR AND
QUARTER

1982

1983

I
II
III
IV

103 .7
104 .2
106 :8
107 .2

99 .3
98 .3
97 .6
94 .0

95 .7
94 .3
91 .4
87 .7

154 .7
156 .7
159 .5
161 .0

99
99
99
99

.1
.1
.0
.5

149 .1
150 .4
149 .4
150 .3

ANNUAL

105 .4

97 .3

92 .3

157 .9

99 .1

149 .8

I
II

109 .4
112 .1

97 .4
102 .8

89 .0
91 .7

165 .4
166 .1

102 .3
101 .6R
101 .2P

151 .1
148 .1R
145 .1P

III
115 .4P
109 .OP
94 .5P
167 .4P
----- --------- ------ ------------- -------- ------------- ---- - - ---- -- --- ------------------ ---------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S)

1982

1983

I
II
III
IV

0 .1
1 .8
10 .4
1 .4

-14 .6
-4 .0
-2 .5
-14 .2

-14 .7
-5 .7
-11 .7
-15 .4

11 .1
5 .4
7 .4
3 .8

7 .9
0 .1
-0 .4
1 .8

11 .0
3 .5
-2 .7
2 .4

ANNUAL

0 .8

-9 .1

-9 .9

8 .2

2 .0

7 .3

15 .5
24 .OR
26 .5P

6 .3
12 .4
12 .9P

11 .3
1 .6R
3 .2P

11 .8
-2 .5R
-1 .5P

2 .4
-7 .9R
-7 .9P

I
II
III

8 .7
10 .3R
12 .OP

-------------- -------------------- --------------------------------------- ---------------- ---------PERCENT CHANGE

1982

1983

FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)

I
II
III
IV

-0 .5
-0 .5
1 .5
3 .4

-7 .5
-9 .7
-1Q .3
-9 .0

-7 .0
-9 .2
-11 .6
-12 .0

9 .2
8 .5
8 .6
6 .9

1 .4
1 .6
2 .6
2 .3

9 .8
9 .1
7 .0
3 .4

ANNUAL

0 .8

-9 .1

-9 .9

8 .2

2 .0

7 .3

I

5 .5

-1 .9

-.7 .0

7 .0

3 .2

1 .4

2 .5R
-1 .5
7 .6
4 .6
-2 .8
6 .0
II
3 .4P
4 .9P
2 .2P
-2 .9P
III
8 .OP
11 .7P
------------------------------------------------------------ ------------- - --- -- -- -----------SEE FOOTNOTES FOLLOWING TABLE 6 .
OCTOBER 27, 1983
R--REVISED
SOURCE : BUREAU OF LABOR STATISTICS
P=PRELIMINARY




TABLE 5 . NONDURABLE MANUFACTURING SECTOR : PRODUCTIVITY , HOURLY
COMPENSATI ON, UNIT LABOR COST , SEASONALLY ADJUSTED(12)
REAL
OUTPUT PER
OUTPUT
HOURS
COMPENSACOMPENSAUNIT
HOUR
(7)
OF ALL
TION PER
TION PER
LABOR
OF ALL PERSONS
PERSONS
HOUR(1)
HOUR(2)
COST
------------- ------------------ - -------------- ----------- -------------- ------------------------ INDEXES 1977=100
YEAR AND
QUARTER

1982

1983

I
II
III
IV

107 .2
107 .0
109 ® 2
109®4

101 .7
101 .3
102 .3
101 ® 9

94,8
94 ®7
93 > 7
93 .2

155 , 9
157, 8
160 .2
163,0

100 .7

145,4
147,5
146 .7
149 .0

ANNUAL

108 .2

101 .8

94 .1

159 .2

99 .9

147,1

111 .3
113 ® 2R

104 .1
108 .4R

93 .6
95 .7

166 .6
167,6

103 .0
102 .6

149,8
148 .1R
144 .6P

I
II

99 .9
99 .8
99 .4

III
112 .7P
116 .5P
96 .7P
168 .5P
101 .9P
---- -------- ------------------- -------------- ------------ ------------- --------------- ----------PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNUAL RATE(S)

1982

1983

I
II
III
IV

6 ®9
-0 .7
8 .4
0®7

-6®0
-1 .4
3 .8
-1 .2

-12 .0
- 0 .6
- 4 .2
-1 .9

17 , 0
5 .2
6 .0
7 .3

13 .6
- 0,1
-1 .7
5 .2

ANNUAL

1 ,7

-3 .6

- 5 .2

9 .6

3 .3

7 .8

7. 1
7 .3R

8 .8
17 .38

9 .2
2 .5R

9 .6
-1 .6R

-4 .5R

0 .9
0 .5
1 .6
3 .7

-4 .1
-4 .7
-4 .4
-1 .3

-5 .0
- 5 .2
-6 .0
- 4 .8

10 .5
9 .4
8 .8

2 .7
2 .8
3 .4
4 .1

9 .6
9 .3
7 .6
4 .9

1 .7

- 3 .6

-5 .2

9,6

3 .3

7 .8

I
II

1>7
9 .3R

9
6
-2
6

.4
.0
.2
.6

2 .0

III
12 , 2P
17 , 1P
4 .4P
2 .OP
-2 .6P
-9 .1P
----- --------- -------------------- ------------- ------------ ------------- --------------- ----------PERCENT CHANGE FROM CORRESPO NDING QUARTER OF PREVIOUS YEAR(6)

1982

I II
III
IV
ANNUAL

9 .9

2 .4
-1 .3
6 .9
3 .2
3 .0
7 .OR
1 .1
6 .2
2 .8R
0 .4R
10 .2P
3 .3P
5 .2P
2 .5P
-1 .4P
-------------- ------------°------- - -- ---------------------- ------------- --------- ------- ---------1983

I
II
III

3 .8
5 .8R
6 .7P

SEE FOOTNOTES FOLLOWING TABLE 6 .
R=REV ISED
P=PRELIMINARY




OCTOBER 27, 1983
SOURCE : BUREAU OF LABOR STATISTICS

TABLE 6 . NONFINANCIAL CORPORATIONS : PRODUCTIVITY, HOURLY COMPENSATION
UNIT LABOR COST, UNIT PROFITS, AND PRICES, SEASONALLY ADJUSTED
TOTAL
UNIT
IMPLICIT
EMPLOYEE HOURLY
REAL
UNIT
UNIT
OUTPUT
LABOR
NONUNIT
PROPRICE
PER ALLOUTPUT
HOURS
COMPENSA- HOURLY
DEFLATOR
TION
COMPENCOST
LABOR
COST
FITS
EMPLOYEE
(1)
SATION(2)
COST(8)
(9)
(10)
HOUR
-------------- ---------- -- - ------- ----------------- ----------------------------- ---------- ------- --------YEAR
AND
QUARTER

INDEXES 1977=100

I
II
III
IV

102 .4
102 .3
103 .2
103 .4

108 .6
108 .1
108 .0
106 .4

106
105
104
102

.0
.7
.6
.9

151 .7
153 .7
156 .1
158 .1

97 .2
97 .2
96 .9
97 .7

148 .1
150 .2
151 .1
152 .9

158
161
161
165

.9
.2
.3
.9

150 .9
153 .1
153 .8
156 .3

90 .8
90 .3
91 .2
83 .0

144 .0
145 .9
146 .6
147 .9

ANNUAL

102 .8

107 .8

104 .8

154 .8

97 .2

150 .6

161 .8

153 .5

88 .9

146 .1

1982

164 .7
156 .7
96 .1
149 .7
107 .6
103 .2
160 .4
99 .2
153 .9
104 .3
I
98 .9
152 .5R
163 .1R
155 .3R
115 .OR
150 .7R
111 .3R
105 .1
161 .6
II
105 .9R
----------------------------------------------------------------------------------------------1983

PERCENT CHANGE FROM PREVIOUS QUARTER AT ANNU AL RATE(5)

I
II
III
IV

0 .9
-0 .5
3 .8
0 .6

-6 .5
-1 .8
-0 .5
-6 .0

-7
-1
-4
-6

.3
.2
.1
.5

10 .9
5 .4
6 .4
5 .4

7 .7
0 .1
-1 .3
3 .4

9 .9
6 .0
2 .4
4 .8

6 .1
6 .0
0 .1
11 .9

8 .8
6 .0
1 .8
6 .7

-42 .2
-2 .1 .
3 .8
-31 .4

3 .6
5 .4
1 .9
3 .6

ANNUAL

0 .5

-3 .4

-3 .8

7 .8

1 .6

7 .3

8 .3

7 .6

-14 .6

5 .7

1982

1 .2
6 .0
6 .4
2 .5
-2 .8
1 .0
79 .9
5 .1
3 .4
4 .6
I
104 .7R
7 .6
2 .9
-1 .2
-3 .4R
-3 .8R
-3 .5R
2 .5R
6 .5R
14 .6R
II
------------- --------------------------- - --------- ------------ -------- ---------- --------- -------- --------1983

PERCENT CHANGE FROM CORRESPONDING QUARTER OF PREVIOUS YEAR(6)

I
II
III
IV

0 .6
0 .1
0 .2
1 .2

-2 .2
-3 .2
-4 .3
-3 .7

-2 .8
-3 .3
-4 .5
-4 .8

8 .7
8 .2
7 .6
7 .0

1 .0
1 .3
1 .7
2 .4

8 .1
8 .1
7 .4
5 .7

11 .7
9 .7
6 .2
6 .0

9 .0
8 .5
7 .1
5 .8

-11
-9
-16
-20

.8
.9
.1
.3

7 .2
7 .0
5 .0
3 .6

ANNUAL

0 .5

-3 .4

-3 .8

7 .8

1 .6

7 .3

8 .3

7 .6

-14 .6

5 .7

1982

2 .1
3 .9
3 .7
3 .8
5 .8
4 .0
-1 .0
-2 .7
5 .8
1 .8
5 .2
1 .7
1 .5R
1 .2R
1 .4R
27 .3R
3 .3R
3 .6R
2 .9R
-0 .6
------------- - --------- ---------- ------- ---------------------- --=----- ---------- ---------- -------- --------1983

I
II

SEE FOOTNOTES FOLLOWING TABLE 6 .
R=REVISED
P=PRELIMINARY




OCTOBER 27, 1983
SOURCE : BUREAU OF LABOR STATISTICS

Footnotes, Tables 1-6
SOURCE : Output data from Bureau of Economic Analysis, U .S . Dapartment of
Commerce, and the Federal Reserve Board . Compensation and hours data from the
Bureau of Labor Statistics, U .S . Department of Labor, and the Bureau of
Economic Analysis .
RELIABILITY : Based on data covering the period from the first . quarter of 1976
to the second quarter of 1982, the probability is 0 .95 that the interval
between -1 .9 and 2 .2 index points contains the revision of the *index of
productivity in the business sector from the first to the third quarterly
publication of the estimate .
(1) Wages and salaries of the employees plus employers' contributions for
social insurance and private benefit plans . Except 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 .
(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 compounded at annual rate from the original data rather
than index numbers .
(6) Current quarter divided by comparable 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 Commerce .
(8) Unit nonlabor cost includes depreciation, interest, and indirect taxes .
(9) Total unit cost is the sum of labor and nonlabor 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 ; nonelectrical machinery ;
electrical machinery ; transportation equipment ; instruments ; lumber and
lumber products ; furniture and fixtures ; stone, clay, and glass products ;
and miscellaneous manufactures .
(12) The 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 and plastic products ; foods ; and tobacco products .

t+ U .S . GOVERNMENT PRINTING OFFICE : 1983-421-816 :509




1

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