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News Bureau of Labor Statistics Historical, technical information: (202) 523-9261 Current data : (202) 523-1221 Media contact: (202) 523-1913 United States Department of Labor Washington, D.C. 20212 USDL 92-1 TRANSMISSION OF MATERIAL IN THIS RELEASE IS EMBARGOED UNTIL 10:00. A.M. ESTf FRIDAY, JANUARY 3, 1992 PRODUCTIVITY AMD COSTS Third Quarter 1991 Business, Nonfarm Business, Manufacturing, and Nonfinancial Corporations The Bureau of Labor Statistics of the U.S. Department of Labor today reported productivity results—as measured by output per hour of all persons— for the third quarter of 1991. Based on revised information now available, the seasonally-adjusted annual rates of productivity change in the third quarter were: 1.1 percent in the business sector, 0.9 percent in the nonfarm business sector, 3.8 percent in manufacturing, 3.8 percent in durable goods manufacturing, and 4.0 percent in nondurable goods manufacturing. Third-quarter measures are summarized in table A and appear in detail in tables 1 through 6. In business and nonfarm business, productivity and unit labor costs rose more slowly than in the previous quarter and hours increased for the first time in 6 quarters. In manufacturing, unit labor costs fell, partly reflecting faster third-quarter productivity growth than in the business sectors. Among nonfinancial corporations, productivity grew at a 1.7 percent annual rate in the third quarter, as output rose 2.5 percent and hours at work increased 0.8 percent (tables B and 6). Unit labor costs increased only 0.9 percent. For business, nonfarm business, and manufacturing, the revised productivity and output measures show smaller increases than had been reported on November 5, based on preliminary information then available (table C ) • The revisions reflect significantly lower measures of output growth during the third quarter of 1991 in business and nonfarm business and an upward revision in manufacturing hours. The productivity and costs measures contained in this release are based on the most recent output and compensation measures prepared by the Bureau of Economic Analysis of the U.S. Department of Commerce, which were released on December 4, 1991. See page 4 for further information regarding the incorporation of revised measures in productivity and costs series. Table A. Productivity and costs: Third-quarter 1991 measures (Seasonally adjusted annual rates) Productivity Sector Output Hours Hourly compensation Real hourly compensation Unit labor costs Percent change from preceding quarter Business Nonfarm business Manufacturing Durable Nondurable 1.1 0.9 3.8 3 .8 4.0 1.8 1.6 6.9 5.5 9.2 0.7 0.7 3.0 1* 6 4. 9 2.8 2.7 2.2 2.8 1.6 -0.2 -0.2 -0.7 -0.2 -1.3 1.7 1.9 -1 .5 -1 .0 -2 .3 Percent change from same quarter a year ago Business Nonfarm business Manufacturing Durable Nondurable 0.5 0.6 1.0 0.5 2 .3 -1 .2 -1 .2 -2 .7 -4 .8 0.9 -1.6 -1.9 -3. 6 -5.3 -1.4 3.5 3.6 4.1 4.5 3.8 -0.4 -0.3 0.2 0.6 0.0 3 .0 3 .0 3 .1 4.0 1.5 Business Productivity increased at a 1.1 percent annual rate during the third quarter of 1991 in the business sector, as output rose 1.8 percent and hours at work of all persons engaged in the sector increased 0.7 percent (seasonally adjusted annual rates). During the second quarter of 1991, business productivity had increased 1.9 percent, with changes in output and hours of 1.7 percent and -0.3 percent, respectively (table 1). Hourly compensation increased at a 2.8 percent annual rate during the third quarter of 1991, compared with a 4.6 percent increase, during the second quarter. This measure includes wages and salaries, supplements, employer contributions to employee-benefit plans, and taxes. Unit labor costs, which reflect changes in hourly compensation and productivity, increased at a 1.7 percent annual rate during the third quarter, conpared with a 2.6 percent increase one quarter earlier. The third-quarter increase was the smallest since the first quarter of 1988 (when it fell 0.2 percent). Real hourly compensation, which takes into account changes in the Consumer Price Index for All Urban Consumers (CPI-U), fell 0.2 percent in the third quarter, compared with a 2.4 percent increase in the second quarter. The implicit price deflator for business output, which reflects changes in unit labor costs and unit nonlabor payments, increased 1.8 percent in the third quarter. During the first .and second quarters, these prices rose 4.5 percent and 2.9 percent, respectively, in the business sector. Nonfarm business Productivity increased 0.9 percent in the nonfarm business sector during the third quarter of 1991, as output rose 1.6 percent and hours at work of all persons-—employees, proprietors, and unpaid family workers—rose 0.7 percent. During the second quarter of 1991, nonfarm productivity had increased 1.9 percent (table 2) . Hourly compensation rose 2.7 percent in the third quarter (down from the 4.6 percent increase of the second quarter), and real compensation per hour (which takes into account changes in the CPI-U) fell 0.2 percent. Unit labor costs increased 1.9 percent, compared with a 2.6 percent rise during the second quarter. The implicit price deflator for nonfarm business output rose 2.1 percent in the third quarter, compared with a 2.5 percent increase one quarter earlier. Manufacturing Productivity increased more rapidly in manufacturing than in the more comprehensive business sectors reported above (table 3). Labor productivity increased at a 3.8 percent seasonally adjusted annual rate in the third quarter of 1991. Output rose 6.9 percent, and hours rose 3.0 percent. Productivity gains in durables and nondurables were similar during the third quarter, but the output of nondurable goods manufacturers rose faster than durable goods output. Hourly compensation of all manufacturing workers increased 2.2 percent during the third quarter, but real hourly compensation fell 0.7. Unit labor costs fell at a 1.5 percent annual rate in the third quarter of 1991, compared with a 0.7 percent increase during the second quarter. This was the first decline in unit labor costs in a year. Nonfinancial corporations Preliminary, third-quarter1991 measures of productivity and costs also were announced today for nonfinancial corporations (tables B and 6). Output per all^employee hour increased 1.7 percent from the second quarter to the third quarter of 1991, as output rose 2.5 percent and hours at work increased 0.8 percent, at annual rates. The sector includes all corporations doing business in the United States, except banks, stock and commodity brokers, and finance and insurance agencies. Table B. Nonfinancial corporations: Third-quarter 1991 productivity and costs measures (Seasonally adjusted annual rates) Period Productivity Output 1991 III 1.7 1991 III 2.2 Hours Hourly compensation Real hourly compensation Unit labor costs Unit profits Percent change from preceding quarter 2.5 0.8 2.6 -0.4 0.9 -4.2 Percent change from the same quarter preceding year -0.4 -2.6 3.5 -0.4 1.3 -1.4 Implicit price deflator 0.9 2.0 Hourly compensation increased 2.6 percent, and real hourly compensation fell 0.4 percent (table 6). Unit labor costs rose 0.9 percent in the third quarter, the smallest increase in this measure since the first quarter of 1988 (when a 3.3 percent decline occurred). Unit nonlabor costs rose 2.4 percent (compared with a 1.1 percent decline in the second quarter), and unit profits fell 4.2 percent. One quarter earlier, these profits had increased at a 24.4 percent annual rate. The implicit deflator for nonfinancial corporate output rose 0.9 percent in the third quarter, compared with a 2.2 percent increase during the previous quarter. Revised measures Previous and current productivity and costs measures for the third quarter are compared in table C for business, nonfarm business, and manufacturing. In business and nonfarm business, measures of output were revised downward. As a result, productivity gains were smaller than reported on November 5, based on information then available. In manufacturing, productivity gains were also revised downward because the upward revision in hours was larger than the upward change for output. All productivity and costs measures are based on revised measures of labor input which reflect the results of the 1990 BLS Hours at Work Survey. The comprehensive revisions made to the National Income and Product Accounts (NIPAs) by the Bureau of Economic Analysis (BEA), U.S. Department of Commerce, on December 4, 1991 are reflected in the business, nonfarm business, and nonfinancial corporate measures in this news release and result from a number of changes in the underlying series. Appendix tables 1-3 show revised annual productivity and related indexes from 1959 forward. Data for 1947-1958 are not yet available. Currently, there is no projected date for the availability of productivity and costs measures for the 1947-1958 period. The long term rates of productivity change have been affected by the comprehensive revisions to the NIPAs. The compound annual rate of growth of business output per hour for 1979-1990 is now 0.9 percent (revised down from 1.1 percent). For the same period, output per hour grew at a 0.7 percent rate for nonfarm business (down from 1.0 percent) and at a 1.2 percent rate for nonfinancial corporations (down from 1.3 percent). : •: • ' - • - . ' - - • - Table C. Previous and revised productivity and related measures, third-quarter 1991 Quarterly percent change at seasonally adjusted annual rate Sector Business: Previous Current Won farm business: Previous Current Manufacturing: Previous Current Output Hours Real Hourly hourly Unit compen- compen- labor sation sation costs 2.3 1.1 2.9 1.8 0.6 0.7 3.5 2.8 0.5 -0.2 1.2 1.7 2.4 0.9 3.0 1.6 0.6 0.7 3.5 2.7 0.5 -0.2 1.1 1.9 4.0 3.8 6 .8 6.9 2.7 3.0 3.2 2.2 0.2 -0.7 -0.7 Productivity -1.5 Because the business sectors have always excluded the rest-of-the-world sector (see TECHNICAL NOTES, page 8), the NIPA change in focus to gross dotDMtic product from gross national product did not affect these productivity and related measures. However, other changes in the NlPAs did affect the measures shown here. These include definitional and classification changes, statistical changes to incorporate newly available data from regularly used sources, the revision of constant-dollar series to reflect the shift in the base period for developing price weights from 1982 to 1987, and others. (For an explanation of the changes, see Robert P* Parker,"A Preview of the Comprehensive Revisions of the National Income and Product Accounts: Definitional and Classificational Changes,n in the September 1991 issue of The Survey of Current Business, pp. 23-31 and Robert P. Parker, "A Preview of the Comprehensive Revisions of the National Income and Product Accounts: New and Redesigned Tables," in the October 1991 issue of The Survey of Current Business, pp. 20-28.) - • ' '•*> -' . / Historical measures of compensation and output (coirqputed by BEA) and of employment and hours (computed by BLS) are regularly benchmarked to unemployment insurance (UI) records. BEA has estimated the effects of recent UI information on aggregate compensation and output data in the NIPAs for the first three quarters of 1991; these estimates are incorporated in this news release. However, the detailed UI information needed to measure labor input for major sectors in 1991 is not yet available. Consequently, this release does not incorporate the recent UI information into measures of hours and other series, such as output per hour, that depend on this information. incorporation of UI benchmark information into measures of employment and hours will also affect 1990 levels of these series. The cumulative effect might be to lower growth in business sector labor input by 1.5 to 2.5 percentage points by the first quarter of 1991, with little or no change in later quarters. Labor input measures for nonfarm business, manufacturing, and nonfinancial corporations may be similarly affected. Consequently, BLS analysts expect that the growth rates of productivity, hourly compensation, and real hourly compensation from the fourth quarter 1990 to the first quarter of 1991 will be revised upward once the BLS employment and hours data have been revised. For manufacturing, BLS develops estimates of output changes for recent quarters from the monthly Indexes of Industrial Production for durable and nondurable manufacturing prepared by the Board of Governors of the Federal Reserve System. The Bureau followed the usual procedures in calculating percent changes for manufacturing output and productivity for 1990 and 1991. However, for historical series, BLS uses annual manufacturing output data from the NIPAs and estimates quarterly trends within each year from movements in the Federal Reserve Indexes. At this time, BEA has not completed its revisions to manufacturing output to bring it into conformance with the changes introduced in the broader NIPAs on December 4. Historical manufacturing productivity measures will be affected by these revisions. Until they are complete, BLS cannot compute historical manufacturing productivity and costs measures. Because the base year for index computation (1982) will also be affected, index numbers have not been calculated. Currently, there is no projected date for the availability of revised, historical productivity and costs measures for manufacturing. LABOR NEWS at your fingertips You can now get the summary text portion of this and other U.S. Department of Labor news releases quickly and easily through LABOR NEWS- a free electronic bulletin board providing a variety of laborrelated information and available to anyone with a computer, a modem, and communications software. To register directly, toad the following parameters into your computer: PHONE number: BAUD speed: PARITY: DATA bits: STOP bit: (202)523-4784 300,1200, or 2400 none 8 1 After you have made a connection to LABOR NEWS, follow the registration prompts. Users must pay any toll for long-distance calls., For more information call (202) 523-7243, Monday through Friday, 9 a.m. to 4 p.m. EST. Next release date The next issue of Productivity and Costs is scheduled for release at 10:00 AM EST, Wednesday, February 5, 1992, and will contain fourth-quarter and annual 1991 measures for business, nonfarzn business, and manufacturing. Tentative release dates for productivity and costs measures for major sectors of the U.S. economy in 1992 are: Reference period Release date 1991: Fourth Qtr., Annual Fourth Qtr., Annual (revised) February March 10* 1992: First Qtr. Second Qtr. Second Qtr. (revised) Third Qtr. Third Qtr. (revised) June 17 August 11 September 3 November 5 December 3 5 * For nonfinancial corporations, 1991 annual measures only; fourth quarter results will be included in the June 17 release. ? These tentative dates are based on presently available schedules for the release of underlying source data in 1992. Each edition of Productivity and Costs contains a "Next release date" paragraph which readers should use to confirm the tentative dates above. Information in this release will be made available to sensory-impaired individuals upon request. Voice phone: 202-523-1221; TDD phone: 202-523-3926; TDD message referral phone number: 1-800-^326-2577. TECHNICAL NOTES Labor Input: The primary source of hours and employment data is the BLS Current Employment Statistics (CES) program, which provides monthly survey data on total eit^loyment and average weekly hours of production and nonsupervisory workers in nonagricultural establishments. Jobs rather than persons are counted. Weekly hours are adjusted to the hours at work definition using the BLS Hours at Work survey, conducted for this purpose. Data from the BLS Current Population Survey (CPS) are used for farm labor; in the nonfarm sector, the National Income and Product Accounts (NIPA) prepared by the Bureau of Economic Analysis of the Department of Commerce and the CPS are used to measure labor input for government enterprises, proprietors, unpaid family workers, and paid employees of private households. Output: Business sector output is equal to gross national product (GNP) in constant 1982 dollars, less the rest-of-the-world sector, general government,output of nonprofit institutions, output of paid employees of private households, rental value of owner-occupied dwellings, and the statistical discrepancy in computing the NIPA. Corresponding exclusions are also made in labor inputs. Business output was about 81 percent of GNP in 1990. Nonfarm business, which also excludes farming, was about 79 percent of GNP in 1990. Total manufacturing measures are computed by summing series prepared for the durable and nondurable goods sectors. Durables include the following 2digit SIC industries: Primary metals; fabricated metal products; industrial machinery and equipment; electronic and other electric equipment; transportation equipment; instruments; lumber and lumber products; furniture and fixtures; stone, clay, and glass products; and miscellaneous manufactures. Nondurables include: Textile mill products, apparel products, paper and allied products, leather and leather products, printing and publishing, . chemicals and chemical products, petroleum products, rubber and plastic products, food, and tobacco products. Manufacturing accounted for about 22 percent of GNP in 1990. Nonfinancial corporate output is equal to GNP in constant 1982 dollars, less the rest-of-the-world sector, general government, output of nonprofit institutions, output of paid employees of private households, rental value of owner-occupied dwellings, unincorporated business, the output of corporations engaged in banking, finance, stock and commodity trading, and credit and insurance agencies, and the statistical discrepancy in computing the NIPA. Nonfinancial corporations accounted for about 60 percent of GNP in 1990. PRODUCTIVITY: These productivity measures describe the relationship between real output 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 at work of all persons engaged in a sector, they do not measure the specific contribution 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 materials; the organization of production; managerial skill; and the characteristics and effort of the work force. Table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices, seasonally Output per hour of all persons Year and quarter Output Hours of all persons Real compensation per hour (2) Compensation per hour <1) Unit labor costs Unit nonlabor payments (3) Implicit price deflator (4) Indexes 1982-100 1989 1990 1991 1989 I II III IV rllO.O r!09.7 r!09.2 r!09.1 r!32.6 rl32.5 r!32.4 r!32.2 r!20.5 r!20.7 rl21.3 r!21.2 r!31.3 r!31.9 r!32.6 r 134.1 r!03.9 r!02.9 r!02.7 r!02.8 rl!9.3 r!20.2 r!21.5 r!22.8 r!34.3 r!36.6 r!36.6 r!37.3 r!24.2 X125.6 r!26.4 r!27.6 ANNUAL r!09.5 r!32.4 r 12 0.9 r!32.5 r!03.1 r!21.0 r!36.2 r 126.0 I II III IV r!09.6 rllO-3 r!09.6 r!09.4 r!33.2 r!33.9 r!32.9 r!31.8 r!21.6 r!21.4 121.2 120.5 rl36.2 r!39.0 r!40.9 r!42.3 r!02.6 r!03 . 6 r!03.3 r!02.6 r!24.3 r!26.1 r!28.5 r!30.1 r 138.1 r!38.7 rl38.0 rl37.5 r!28.8 r!30.2 ri31.6 r!32.5 ANNUAL r!09.7 r!32.9 r 12 1.2 r!39.6 r!03.1 r!27.2 rl38.1 r!30.8 I II III r!09.4 r!09.9 rllO.2 r!30.2 rl30.7 r!31.3 119.1 rl!9.0 119.2 r!43.2 rl44.8 rl45.8 r!02.4 r!03.0 r!03.0 rl31.0 rl31.8 r!32.4 rl40.2 r 14 1.4 rl42.1 rl34.0 r!35.0 rl35.6 Percent change from previous quarter at annual rate <5) .\ rS.l r-1.3 r-1.5 r2.6 r4.2 r3.5 r3.1 r-3 .9 r-lvO" r-0.3 rO.7 r2.0 r-1.0 r4.2 r-2.0 r-0.1 r2.0 r2.1 rO.4 r4.6 r-0.2 r-0.6 r-0. 4 r4.4 r4.0 r6.8 rO.l r2.1 r4.7 r4.4 r2.7 r3.7 I II III IV 1990 1991 ANNUAL r-0.7 rl.8 r2.6 r3.5 r-1.2 r4.3 r4 .2 r4.3 I II III IV rl.7 r2.4 r-2.2 r-0 ,9 r3.0 r2.0 r-3.0 r-3.0 rl.2 r-0 .5 r-0. 8 r-2.2 r6.6 r8.4 r5.7 r4.1 r-0.7 r4.3 r-1.1 r-2.7 r5*8 r8.1 rS.O r2.4 rl,7 r-2/2 r-1.3 r4.0 r4.3 r4.4 r2.8 ANNUAL rO.2 rO.4 r'0.2 r5.4 rO.O r5.2 rl.4 3.8 r-0,1 rl.9 rl . 1 r-4.9 rl.7 rl.8 -4.7 r-0.3 rO.7 r2.6 4.6 r2.8 r-0.^ 2.4 r-0.2 r2.7 r2.6 rl.7 r7.9 r3.6 rl.9 r4.5 r2.9 rl.8 I II III Percent change from corresponding quarter of previous year 1989 1990 1991 I II III IV r-0. 5 r-0.3 r-1.1 r-1.2 r3.2 r2.1 rl.5 rO.4 r3.7 r2.4 r2.7 1.6 r4.5 r3.7 r2.7 r3.0 ANNUAL r-0.7 rl.8 r2.6 I II IV r-0. 4 rO.5 rO.4 rO.2 rO.5 rl.O 0.3 r-0.3 ANNUAL rO.2 I II III r-0.2 r-0.3 rO.5 r-0.3 r-1.4 -1.8 r-1.5 r5.0 r4.0 r3.9 r4.2 4.0 r5.6 r4.1 3.2 r4.7 r4.6 r4.0 r3.9 r3.5 r-1.2 r4.3 r4.2 r4.3 rO.9 rO.6 r-0.1 r-0.6 r3.8 r5.3 r6.2 r6.2 r-1.3 rO.7 rO.7 r-0.1 r4.2 r4.9 r5.8 r5.9 r2.8 rl.6 rl.O rO.2 3.7 r3.7 r4.1 r3.9 rO.4 rO.2 r5.4 rO.O r5.2 rl.4 3.8 r-2.3 r-2.3 r-1.2 r-2.1 r-2.0 -1.6 r5.1 4.2 r3.5 r-0.2 -0.6 r-0. 4 r5.4 r4.6 r3.0 rl.5 rl.9 r3.0 r4.0 3.6 r3.0 See footnotes following table 6. r^revised , January 3, 1992 Source : Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures11, starting page 4. 10 Table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor costs, and prices. »»vt- 5»CGI9WilClJhAjr Output per hour of all persons Year and quarter Output Hours of all persons Compensation per hour (1) Real compensation per hour (2) Unit labor costs Unit nonlabor payments (3) Implicit price deflator (4) Indexes 1982*100 1989 1990 1991 I II III IV r!08.8 r!08.2 r!07.9 r!07.8 r!33.0 r!32.8 r!32.8 r!32.6 r!22.2 r!22.7 r!23.1 r!23.0 r!30.4 r!30.7 r!31.5 r!33.0 r!03.2 r!02.0 rlOl.8 rl01.9 rl!9.8 r!20.8 r!21.9 r!23.4 r!34.4 r!36.9 r!37.4 r!37.8 r!24.5 r!26.0 r!26.9 r 128.0 ANNUAL r!08.2 r!32.8 r!22.7 r!31.5 r!02.3 r!21.5 r!36.6 r!26.4 I II III IV rlOS.l r!08.6 r!07.9 r!07.9 r!33.5 r!34.1 r!33.1 r!32.0 r!23.5 r!23.4 r!23.3 122.4 r!34.9 r!37.€ r!39.5 r!41.0 rl01.6 r!02.6 r!02.3 rl01.7 r!24.9 r!26.7 r!29.2 r!30.7 r!38.4 r!39.0 r!38.4 r!38.7 r!29,2 rl30.6 r!32*2 r!33*3 ANNUAL rl08.1 r!33.2 123.1 r!38.3 r!02.1 r!27.9 r!38.6 r!31*3 I II III r!07.9 r!08.4 rlOe.6 r!30.4 r!30.9 r!31.4 120.9 120.8 121.0 r!42.0 r!43.6 r!44.5 rlOl.5 r!02.1 r!02.1 r!31.6 r!32.5 r!33.1 r!41.8 rl42.5 r!43.4 r!34*9 rl35*7 r!36»4 Percent change from previous quarter at annual rate (5) 1989 1990 1991 I II III IV -2.8 r-2.0 r-1.3 r-0.3 rl.4 r-0.6 rO.l r-0.7 r4.3 rl.4 rl.4 r-0.4 r3.4 rl.l r2.5 r4.5 r-1.5 r-4.7 r-0.7 rO.5 r6.4 r3.2 r3.8 r4.8 r-0.7 r7.5 rl.5 rl.2 r3.9 r4.7 r3*0 r3.5 ANNUAL r-0.9 rl.7 r2.7 3.4 -1.4 r4.3 r3.6 r4.1 I II III IV rl.O r2.1 r-2.5 r-0.3 r2.7 rl.8 r-3.0 r-3.1 rl.8 r-0.3 r-0.5 -2.8 r6.0 r8.1 r5.6 r4.4 r-1.3 r4.1 r-1.2 r-2.4 r5.0 r5.9 r8.4 r4.7 rl.7 rl.8 r-1.7 rl.O 3.8 r4,5 r4.8 r3.4 ANNUAL r-0.1 rO.3 rO.3 r5.2 r-0.2 r5.3 rl.5 r3,9 I II III rO.l rl.9 rO.9 r-4.9 rl.6 rl.6 -4.9 r-0.3 rO.7 r2.7 4.6 r2.7 r-0.8 2.5 r-0.2 r2.7 r2.6 rl.9 r9.0 r2.1 r2.4 r4,8 r2.5 r2,l P.ercent change from corresponding quarter of previous year 1989 1990 1991 I II III IV r-0.5 r-0.€ r-1.3 r-1.6 r3.4 r2.0 rl.4 rO.O r3.9 r2.7 r2.7 1.7 r4.4 r3.4 r2.6 r2.9 -0.4 r-1.7 r-1.9 r-1.6 r4.9 r4.0 r3.9 r4.5 3.3 r4.9 r4.0 r2.3 r4.3 r4.3 r4.0 r3.8 ANNUAL r-0.9 rl.7 r2.7 3.4 -1.4 r4.3 r3.6 r4.1 I II III IV r-0.7 rO.4 rO.l rO.O rO.4 rl.O 0.2 r-0.4 rl.O rO.6 rO.l r-0.5 r3.5 r5.2 r6.1 r6.0 r-1.6 rO.6 rO.5 r-0.2 r4.2 r4.9 r6.0 r6.0 r2.9 rl.6 rO.8 rO.7 r3.8 r3.7 r4.2 r4.1 ANNUAL r^O.l rO.3 rO.3 r5.2 r-0.2 r5.3 rl.5 r3.9 I II III r-0.2 r-0.2 rO.6 r-2.3 r-2.4 r-1.2 r-2.2 r-2.2 r-1.9 r5.2 r4.3 r3.6 r-0.1 r-0.5 r-0.3 r5.4 r4,6 r3.0 r2.4 r2.5 r3.6 r4.4 r3.9 r3.2 See footnotes following table 6. r^revised January 3, 1992 Source : Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures", starting page 4. 11 Table 3. Manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Year and quarter Output per hour of all persons Output (6) Hours of all persons Compensation per hour(l) Real compensation per hour (2) Unit labor costs Percent change from previous quarter at annual rate(5) 1990 1991 1.8 4.3 3*5 -8.1 r4.9 r7.2 r4.0 r6.5 rO.6 rO.6 r-2.1 r-6.6 r-2.4 r3.2 r-2.7 r-0.5 r-1.6 IV r4.3 r3.7 r5.7 r-1.6 ANNUAL r2.6 0.4 r-2.2 r5.3 r-0.1 r2.7 I II III -1.8 r3.7 r3.8 -10.8 2.2 r6.9 -9.1 r-1.4 r3,0 r3.3 r4.4 r2.2 r-0.2 r2.2 r-0. 7 r5.3 rO.7 •r-1.5 I II III r-2.4 r3.4 r8.2 Percent change from corresponding quarter of previous year 1990 1991 I II III IV rl.3 rl.8 r3.8 r3.0 -0.8 0.2 1.9 0.3 r-2.1 r-1.6 r-1.9 r-2.6 r3.9 r5.7 r5.6 r5.$ r-1.2 rl.l rO.O r-0.6 r2.6 r3.8 ANNUAL r2.6 0.4 r-2.2 r5.3 r-0.1 r2.7 I II III 1.4 1.4 rl.O r-4.4 r-4v9 -3.6 r5.2 r4.5 r4.1 r-0.1 r-0. 3 rO.2 r3.7 See footnotes following table 6. r-revised , -3.0 -3.5 -2.7 rl.7 r2.6 r3.0 r3.1 January 3, 1992 Source: Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures"/ starting page 4, NOTE: Indexes are not available nor are data for years before 1990. See page 4 for details. < 12 Table 4. Durable manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Year and quarter Output per hour of all persons Output (6) Hours of all persons Compensation per hour(l) Real compensation per hour (2) Unit labor costs Percent change from previous quarter at annual rate(5) 1990 1991 I II III IV r4.9 r7,5 r8.0 r-3.1 1.6 7.3 4.3 -12.1 r-3.1 -0.1 r-3.4 r-9.2 r3.9 r7.2 r4.2 r7.2 r-3.3 r3.2 r-2.5 rO.2 r-0.9 r-0.2 r-3.5 rlO.7 ANNUAL r3.8 0.3 r-3.4 r5.5 rO.l rl.7 I II III r-1.8 r3.2 r3.8 -13.3 2.2 r5.5 r-11.7 r-1.0 rl.6 r3.4 r4.6 r2.8 r-0.2 r2.5 r-0.2 r5.3 rl + 4 r-l*0 Percent change from corresponding quarter of previous year 1990 1991 -1.2 0.3 2.0 0.0 r-3.5 r-2.6 r-2.8 r-4.0 r4.1 r6.0 r5.7 rS.6 r-1.0 rl.3 rO.l r-0.6 rl.6 r3.0 rO.6 IV r2.4 r2.9 r5.0 r4.2 ANNUAL r3.8 0.3 r-3.4 r5.5 rO.l rl.7 I II III r2.5 1.4 rO.5 -3.9 -5.1 r-4.8 r-6.2 -6.4 r-5.3 r5.5 r4.8 r4.5 rO.2 rO.O rO.6 r2.9 r3.3 r4.0 I II III See footnotes following table 6. r-revised January 3, 1992 Source: Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures% starting page 4, NOTE: Indexes and data for prior years not available. See page 4 for details. 13 Table 5. Nondurable manufacturing sector: Productivity, hourly compensation, and unit labor costs, seasonally adjusted Year and quarter Output per hour of all persons Output (6) Hours of all persons Compensation per hour(l) Real compensation per hour (2) Unit labor costs Percent change from previous quarter at annual rate(5) 1990 1991 2.3 -0.9 r-1.2 rl.7 r-0.2 -2.7 r6.7 r7.4 r3.8 r5.9 r-0. 7 r3.3 r-2.8 r-1.0 r3.0 r9.8 rl.5 r3.9 rl.O 0.6 r-0.4 r5.4 rO.O r4.3 r-1.0 r4.4 r4.0 -6.4 r-5.4 r-2.1 r4.9 r4.0 r3.9 rl.6 rO.4 •rl.8 r-1.3 r5.1 r-0.5 r-2.3 r-1 rO rO r-0.3 r4.1 r5.2 r3.4 r4.5 I II III r3.5 r~2.2 r2.3 -0.6 IV 1.9 ANNUAL I II III 2.1 2.3 r9.2 Percent change from corresponding quarter of previous year 1990 1991 ra.i I II III IV r-0.1 rO.3 r2.2 rl.4 0.0 0.2 1.6 0.7 r-0.1 r-0*6 r4.0 r5.5 r5.6 r5.9 ANNUAL rl.O 0.6 r-0.4 r5.4 rO.O r4.3 I II III rO.2 1.9 r2.3 -1.5 -0.8 rO.9 r-1.7 -2.6 -1.4 r5.3 r4.4 r3.8 rO.O r-0.4 rO.O r5.0 r2.5 rl.5 See footnotes following table 6. r*revised January 3, 1992 Source: Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures", starting page 4. NOTE: Indexes and data for prior years not available. See page 4 for details. 14 Table 6. Nonfinancial corporations: Productivity, hourly compensation, unit labor coats, unit profits, and prices, seasonally adjusted Unit Implicit Total Unit Unit Real Employee Hourly Year Output price prounit nonlabor hours compensa- hourly Output and per allfits deflator cost labor costs tion compenquarter employee <4) (9) (8) cost (7) (1) sation(2) hour Indexes 1982-100 1989 1990 1991 I II III IV rill. 2 rllO.6 rllO.5 rllO.3 r!35.6 r!35.5 r!35.8 r!35.6 r!21.9 r!22.5 r!22.9 r!23.0 128.2 r!28.6 r!29.4 r!31.1 101.5 rlOO.3 rlOO.l rlOO.5 rll5.3 rl!6.2 rl!7.1 r!18.9 r!08.7 rlll.l rl!3.5 rl!4.4 rl!3.4 rl!4.8 rll6.1 rl!7.6 r!77.0 r!78.6 r!73.0 r!61.7 rl!7.4 rl!8.7 rl!9.6 r!20.3 ANNUAL rllO.7 r!35.6 r!22.5 r!29.4 100.7 rl!6.9 rill. 9 r!15.5 r!72.6 rl!9.0 I II III IV rllO.3 rill. 3 rllO.2 rlll.O .r!35.9 r!36.9 r!35.4 r!34.7 123.2 r!23.0 r!22.8 r!21.4 rl32.6 r!35.4 r!37.3 r!38.7 ,r99.9 rlOl.O rlOO.7 rlOO.l r!20.3 r!21.7 r!24.6 r!25.0 rllS.O rllS.l rllS.l r!20.5 rl!8.8 rl!9.8 r!22.8 r!23,7 r!61.6 r!63.6 r!38.7 r!28.7 r!21.4 r!22.5 r!23.7 r!24.0 ANNUAL rllO.7 r!35.7 r!22.6 r!36.1 rlOO.5 r!22.9 rl!7.1 r!21.3 r!48.2 r!22.9 I II III rill. 3 rl!2.1 112.6 r!33.3 r!34.0 134.8 rl!9.7 rl!9.5 119.7 r!39.7 rl41.2 142.1 r99.9 rlOO.4 100.3 r!25.4 r!25.9 126.2 r!23.7 r!23.4 124.1 r!24.9 r!25.2 125.6 r!30.9 r!38.2 136.7 r!25.3 rl26.0 126.3 Percent change from previous quarter at annual rate (5) 1989 1990 1991 I II III IV r-4.4 r-2.1 r-0.6 r-0.7 r-0.3 r-0.3 rO.9 r-0.5 r4.3 rl.8 rl.4 rO.2 4.4 rl.l r2.5 r5.4 r-0.5 r-4.8 r-0.6 rl.4 r9.3 r3.2 r3.1 r6.2 rO.9 r9.2 r8.8 r3.4 r6.9 r4.8 r4.6 r5.4 rr!4.5 r3.8 r-12.1 r-23.6 r4.7 r4.7 r3.0 r2.5 ANNUAL r-1.8 rl.2 r3.0 r3.5 -1.3 r5.3 r5.0 r5.2 r-6.1 r4.1 I II III IV rO.l r3.7 r-3.9 r2.8 rO.7 r3.2 r-4.5 r-1,9 rO.6 r-0.4 r-0.6 r-4.5 r4.9 r8.7 r5.6 r4.3 r-2.3 r4.6 r-1.2 r-2.5 r4.8 r4.8 r9.9 rl.5 r2.0 rO.3 rll.l r8.1 4.0 r3.6 rlO.2 r3.2 r-0.3 rS.O r-48.3 r-26.0 r3.6 r3.7 r4.1 rl.O ANNUAL rO.O 0.1 rO.l r5.2 r-0.2 rS.l r4.6 rS.O r-14.1 3.3 rll.2 r-1.1 2.4 r4.0 rO.8 1.3 r7.0 r24.4 -4.2 r4.2 r2,2 0.9 rl.4 r2.9 1.7 I II III r-4.3 r2.1 2.5 r-5.6 r-0.8 0.8 r2.7 r4.4 2.6 r-0.8 r2.3 -0.4 rl.3 rl.5 0.9 Percent change from corresponding quarter of previous year 1989 1990 1991 I II III IV r-1.5 r-2.0 r-1.7 r-1.9 r2.5 rl.3 rl.2 r-0.1 r4.1 r3.4 r3.0 rl.9 4.3 r3.3 r2.8 r3.4 r-0.5 r-1.7 r-1.8 r-1.2 r5.9 r5.5 r4.6 r5.4 r3.7 rS.l r5.6 r5.5 r5.3 r5.4 r4.9 r5.4 r-4.5 r-3.4 r-4.2 r-12.1 r4.3 r4.5 r4.0 r3.7 ANNUAL r-1.8 rl.2 r3.0 r3.5 -1.3 r5.3 r5.0 r5.2 r-6.1 r4.1 I II III IV r-0.8 rO.6 r-0.2 rO.6 rO.2 rl.l -0.3 r-0.7 rl.O rO.4 r-0.1 r-1.3 r3.5 r5.4 r6.1 r5.8 r-1.6 rO.7 rO.6 r-0.4 r4.3 r4.7 r6.4 r5.2 r5.8 r3.5 r4.1 r5.3 r4.7 r4.4 r5.8 r5.2 r-8.7 r-8.4 r-19.8 r-20.4 r3.4 3.2 r3.5 r3.1 ANNUAL r O . O 0.1 rO.l r5.2 r-0.2 rS.l r4.6 rS.O r-14.1 3.3 r7.6 r7.2 5.0 r5.2 r4.5 2.3 r-19.0 r-15.5 -1.4 r3.2 r2.8 2.0 I II III rO.9 r0..8 2.2 r-1.9 r-2.2 -0.4 See footnotes following table 6. r-revised r-2.8 r-2.9 -2.6 r5.3 4.2 3.5 rO.O -0.6 -0.4 r4.3 r3.5 1.3 January 3, 1992 Source : Bureau of Labor Statistics NOTE: First quarter 1991 movements in measures which incorporate hours of labor input should be interpreted with caution. See "Revised measures ", starting page 4. 15 SOURCE: Output data from the Bureau of Economic Analysis, U.S. Department 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: Productivity and costs measures are regularly revised as more complete information becomes available. The measures are first published 30 days after the close of the reference period; revisions appear 30 days later, and third revisions after an additional 60 days. In the business sector, the probability is 0.95 that the third publication (third revision) of a quarterly index of output per hour of all persons will differ from the initial value by between -1.8 and +2.1 index points. This interval is based on the performance of this measure between the second quarter of 1976 and the third quarter of 1990. Footnotes, Tables 1-6 (1) Wages and salaries of employees plus employers1 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) Unit nonlabor payments include profits, capital consumption allowances, interest, rental income of persons, and indirect taxes. (4) Current dollar gross product divided by constant dollar gross product. (5) Quarterly changes: Percent change compounded at annual rate from the original data rather than index numbers. Annual changes: Percent change between annual average levels. (6) Quarterly manufacturing output measures are based on the index of industrial production prepared monthly by the Board of Governors of the Federal Reserve adjusted by BLS to annual manufacturing output levels (gross product originating) from the National Income and Product Accounts prepared by the Bureau of Economic Analysis of the U.S. Department of Commerce. (7) Unit nonlabor cost includes capital consumption allowances, interest, rental income of persons, and indirect taxes. For nonfinancial corporations, rental income of persons is zero by definition. (8) Total unit cost is the sum of labor and nonlabor costs. (9) Unit profits include corporate profits with inventory valuation and capital consumption adjustments. 16 Appendix table 1. Business sector: Productivity, hourly compensation, unit labor costs, and prices Indexes 1982-100 Year Output i>er . hour of all Output persons Hours Compensaof all tion per persons hour(l) Real compensation pethour (2) Unit labor costs Unit non- Implicit labor pay- price ments <3) deflator (4) 1959 64.6 51.5 79.6 20.2 67.0 31.3 33.8 32.1 1960 1961 1962 1963 1964 65.6 68.1 70.4 73.3 76.5 52.3 53.4 56.1 58.8 62.3 79.7 78.5 79.7 80.1 81.4 21.1 21.9 22.9 23.8 25.0 68.7 70.7 73.2 75.0 77.9 32.1 32.2 32.5 32.4 32.7 33.6 34.0 35.2 36.2 36.8 32.6 32.8 33.4 33.7 34.0 1965 1966 1967 1968 1969 78.6 81.0 83.0 85.4 85.9 66.0 69.5 71.0 74.1 76.3 83.9 85.8 85.6 86.8 88.9 26.0 27.8 29.4 31.8 34.1 79.6 82.9 84.9 88.2 89.7 33.1 34.4 35.4 37.2 39.7 38.6 39.4 40.4 41.8 42.2 34.9 36.0 37.1 38.7 40.5 1970 1971 1972 1973 1974 87.0 90.2 92.6 95.0 93.3 75.9 78.3 83.0 88.2 86.7 87.2 86.9 89.6 92.8 92.9 36.7 39.0 41.5 45.1 49.5 91.2 93.0 95.8 98.0 97.0 42.2 43.3 44.8 47.5 53.1 42.7 46.4 49.0 52.1 54.7 42.3 44.3 46.2 49.0 53.7 1975 1976 1977 1978 1979 95.5 98.3 99.8 100.4 99.3 85.0 90.0 94.9 100.1 102.1 89.1 91.5 95.1 99.7 102.8 54.5 59.4 64.2 69.9 76.7 97.7 100.8 102.3 103.4 102.0 57.1 60.5 64.3 69.6 77.2 63.0 66.4 70.9 7€.3 80.5 59.0 62.4 66.5 71.8 70.3 1980 1981 1982 1983 1984 98.6 99.9 100.0 102.2 104.6 100.5 102.4 100.0 104.1 112.6 101.9 102.5 100.0 101.8 107.6 85.0 93.0 100.0 103.7 108.1 99.5 98.7 100.0 100.5 100.4 86.2 93.1 100.0 101.5 103.3 85.3 97.5 100.0 107.5 116.6 85.9 94.5 100.0 103.4 107.7 1985 1986 1987 1988 1989 106.1 108.3 109.4 110.4 109.5 116.7 119.9 124.8 130.1 132.4 109.9 110.7 114.1 117.9 120.9 113.0 118.6 122.7 128.0 132.5 101.3 104.4 104.3 104.4 103.1 106.5 109.5 112.2 116.0 121.0 120.9 122.1 125.6 130.7 136.2 111.2 113.6 116.6 120*8 126.0 1990 109.7 132.9 121.2 139.6 103.1 127.2 138.1 130.8 See footnotes following table 6. January 3, 1992 Source: Bureau of Labor Statistics 17 Appendix table 2. Nonfarm business sector: Productivity, hourly compensation, unit labor cost, and prices Indexes 1982=100 ' 70*0 72.2 74.4 77.1 80.0 A^i^r--. 81.9 83.6 85.4 87.8 87.8 •J;v.:::65.8.:.V;;V;: 69.5 70.9 V;;^74:s:2^---v ; : 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 *8.6 91.6 94.1 96.4 94.5 .'/'....••• 1975 1976 1977 1978 1979 ' •' ••.. •'• ..-.:' <•: 96.7 99.2 100.6 101.3 99.9 1980 1981 1982 1983 1984 1990 99.0 99.9 100.0 102.4 104.5 74 v2 73.4 74.9 75 v8 77.5 53.6 55v« 58.4 62.0 80,4 S3.1 83.1 84.5 87.0 ::;::;;-N/76.;3':;;:;-;:. 75.8 • ; •>V.^8:.3v'->-- B5.4 88,3 91.7 91.8 ',-::;:85VO;-:.-;'::^ *8;0 :^$tiUv:-7- 90*8 95.0 94.5 100.5 99.3 102.5 102.7 ':•.•'• . .-: 100.8 102.4 100.0 104.4 113.0 101.8 102.5 100.0 102.0 1°*V1 105.4 110.8 Hi. 8 107.5 120.1 111.8 108.3 125.0 115.4 109.2 130.6 119.5 ; : 108.2 • ;;; ;:i32ve;::;;y;v 122.7 •.•' ••"".'• .'.' • • '•'•. '. 108.1 : 133.2 A 123.1 See footnotes following table 6. K22.9'^'. 23,5 : -';24.v7-v^::-:.. •=;25i«; ;=.-;,/ = :;1:26^7-;''-v •••2B-M-29.9 ^:32v.3^- •. :-;3:4,5;v.:.::>; • :^;«5V6:":M--'- 37.0 :::V::V86;*B -.•;•;;• . •'.• • ' • ; ' • • ' • •;21>3S;^:;, . i22..2:^^:-::r;'.'-: v :;: 83.0 88.4 '•; 1985 1986 1987 1988 1989 73.8 51.1 69.2 , 1959 1960 1961 1962 1963 1964 ' ' .;-. .'; y- ';.:•••-••' ;,;--^:'.V; •;•-:?•. ";••;:"••'•• . Hours Cbmpensa* of all tioh per persons hbur(l) •..:'••.. • • • ' . . . . . ' • • .• Output ijer '• '.. • .'•• hour of all Output persons Year '••39.:4^:v-:: k ••41.*-:'^45.4 49.9 ^^^'.-••^•f--. -. .••5;9:.-5^V- •-•••:. ' • 64.3 70.0 7 ;^; :-., , 84^9 Real compensation per hour (2) • . Unit labor costs •; -.••• ' Unit non*- Implicit labor pay- price ments (3) deflator (4) *5 72.3 74,0 76.2 77.9 80.4 30.7 33.9 31.7 31.7 31.7 32.0 32.0 32.3 33.2 33.8 35.3 36.2 37.1 32.2 32.4 33.1 33.4 33.8 81.8 84.2 86.5 89.5 90.7 32.6 33.8 35.1 36.8 39.3 38,8 39.5 40.6 42.2 42.4 34.6 35.7 36.9 38.5 40.3 92.0 93.8 96.1 98 .6 97.6 '••-'..••'-' 98 .3 101.0 102.4 103.6 41.7 42.9 44.5 47.1 52.8 43.0 46.5 48.6 49.7 53.0 42.1 44.1 45.8 47.9 52.8 56.7 60.0 63.9 69.1 76.8 61.6 66.0 70.8 75.5 79.2 58.3 61.9 66.1 71.2 77.5 7P 101:. 9 93vO 100VO 103.9 108 .1 99V4 98.8 100.0 100v7 100.4 85.7 93.1 100.0 101.5 103.4 85.4 96.6 100. 0 109.2 116.6 85.6 94.2 100.0 104.0 107.6 112.6 118.1 122, a 127.2 131; 5 101.0 104.0 103.7 103.8 102.3 106.8 109.9 112.8 116,4 121.5 121.6 123.3 126.7 131.9 136.6 111 .6 114.2 117.2 121.4 126.4 138.3 102.1 127.9 138.6 131.3 January 3, 1992 Source: Bureau of Labor Statistics 18 Appendix table 3. Nonfinancial corporations: Productivity, hourly compensation, unit labor cost. unit profits, and prices Indexes 1982«100 Year Output per allemployee hour Output Employee Hourly hours *compensation (1) Real hourly compensation (2) Unit labor cost Total Unit nonunit cost labor cost (7) (8) Unit profits <9) Implicit price <deflator (4) 1959 74.1 46.4 62.6 22.6 74.9 30.5 24.0 28.6 82.5 32.0 1960 1961 1962 1963 1964 75.2 77.6 80.0 82.5 85.7 47.7 48.9 52.3 55.2 58.9 63.5 62.9 65.4 66.8 68.8 23.5 24.3 25.2 26.0 27.2 76.7 78.3 80.6 82.1 84.6 31.3 31.3 31.5 31.5 31.7 24.9 25.4 25.3 25.3 25.3 29.5 29.6 29.8 29.8 29.9 75.1 74.8 82.6 87.4 91.4 32.3 32.4 33.0 33.3 33.7 1965 1966 1967 1968 1969 86.7 87.1 88.1 90.5 90.0 63.0 66.7 68.3 72.1 74.5 72.7 76.6 77.5 79.7 82.8 27.9 29.5 31.1 33.4 35.7 85.6 87.8 89.8 92.7 93.9 32.2 33.8 35.3 36.9 39.7 25.4 25.7 27.4 29.3 31.7 30.3 31.5 33.0 34.8 37.4 100.0 100.7 94.2 94.5 85.7 34.6 35.8 36.8 38.5 40.4 1970 1971 1972 1973 1974 90.1 93.5 94.9 94.8 92.3 73.5 76.2 81.3 85.2 83.3 81.6 81.5 85.7 89.9 90.3 38.2 40.7 43.0 46.4 50.8 95.1 96.9 99.2 100.8 99.5 42.5 43.5 45.3 48.9 55.1 35.7 37.6 38.3 40.4 46.9 40.5 41.8 43.3 46.5 52.8 69.6 79.1 84.9 88.0 76.0 42.3 44.1 45.9 49.1 54.2 1975 1976 1977 1978 1979 94.7 97.6 99.6 99.4 97.1 81.1 87.2 93.2 98.2 99.7 85.6 89.4 93.6 98.9 102.7 55.9 60.6 65.3 70.9 77.5 100.2 102.7 104.0 105.0 103.0 59.0 62.1 65.6 71.4 79.8 53.9 54.2 56.2 60.0 67.0 57.5 59.8 62.9 68.2 76.2 101.3 114.7 127.1 133.4 124.3 60.2 63.2 66.9 72.2 79.2 1980 1981 1982 1983 1984 97.4 98.7 100.0 103.7 105.2 99.0 101.7 100.0 105.6 114.1 101.7 103.0 100.0 101.8 108.5 85.6 93.4 100.0 103.3 107.4 100.2 99.2 100.0 100.1 99.8 87.9 94.6 100.0 99.6 102.2 78.2 91.4 100.0 99.2 98.6 85.2 93.7 100.0 99.5 101.1 109.4 120.8 100.0 135.9 168.4 86.7 95.4 100.0 101.8 105.3 1985 1986 1987 1988 1989 106.3 109.2 110.7 112.7 110.7 118.2 122.1 127.1 134.0 135.6 111.2 111.8 114.9 118.9 122.5 111.9 117.0 120.3 125.1 129.4 100.4 103.0 102.2 102.0 100.7 105.2 107.2 108.7 111.0 116.9 99.9 102.6 102 . 6 106.7 111.9 103.7 105.9 107.0 109.7 115.5 168.0 149.7 172.4 183.7 172.6 107.7 108.6 111.0 114.3 119.0 1990 110.7 135.7 122.6 136.1 100.5 122.9 117,1 121.3 148.2 122.9 See footnotes following table 6. January 3, 1992 Source: Bureau of Labor Statistics
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