[Economic Indicators May, 1995]
[Page Number 16]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
Productivity and Related Data, Business Sector
                                                                         PRODUCTIVITY AND RELATED DATA, BUSINESS SECTOR                                                                         
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                                                      Output per hour of      Output \1\         Hours of all      Compensation per    Real compensation   Unit labor costs     Implicit price  
                                                          all persons    --------------------     persons \2\          hour \3\          per hour \4\    --------------------    deflator \5\   
                                                     --------------------                    ------------------------------------------------------------                    -------------------
                       Period                                    Nonfarm  Business   Nonfarm             Nonfarm             Nonfarm             Nonfarm  Business   Nonfarm             Nonfarm
                                                      Business  business   sector   business  Business  business  Business  business  Business  business   sector   business  Business  business
                                                       sector    sector              sector    sector    sector    sector    sector    sector    sector              sector    sector   sector  
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(13)1982=100; quarterly data seasonally adjusted                                                                                                                                                
                                                                                                                                                                                                
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1985................................................     106.3     105.6     116.7     116.8     109.8     110.7     113.2     112.8     101.5     101.1     106.5     106.8     111.2     111.6
1986................................................     108.5     107.7     119.9     120.1     110.5     111.5     118.8     118.4     104.6     104.3     109.5     110.0     113.6     114.2
1987................................................     109.6     108.6     124.8     125.0     113.8     115.1     123.1     122.5     104.6     104.1     112.3     112.8     116.6     117.2
1988................................................     110.7     109.6     130.1     130.6     117.5     119.1     128.5     127.7     104.8     104.2     116.0     116.5     120.8     121.4
1989................................................     109.9     108.6     132.3     132.7     120.4     122.2     133.0     132.0     103.5     102.7     121.0     121.5     126.1     126.5
1990................................................     110.7     109.1     133.3     133.5     120.5     122.4     140.6     139.2     103.8     102.8     127.1     127.6     131.2     131.8
1991................................................     112.1     110.7     132.0     132.2     117.7     119.5     147.4     146.2     104.4     103.6     131.5     132.1     135.9     136.7
1992................................................     115.5     113.7     135.5     135.5     117.4     119.2     154.9     153.7     106.6     105.7     134.2     135.2     138.8     139.9
1993 ...............................................     117.2     115.4     140.6     141.0     120.0     122.2     160.5     158.7     107.2     106.0     136.9     137.5     141.5     142.6
1994 r..............................................     120.1     118.1     148.4     148.5     123.5     125.7     165.6     163.6     107.8     106.6     137.9     138.6     143.9     145.2
                                                                                                                                                                                                
1982: IV............................................     101.1     101.1     100.0     100.0      98.9      98.9     102.1     102.1     100.6     100.6     101.0     101.0     101.1     101.4
1983: IV............................................     103.1     103.3     107.5     108.1     104.3     104.7     105.3     105.2     100.5     100.4     102.1     101.9     104.8     105.2
1984: IV............................................     105.4     105.3     114.4     114.8     108.5     109.0     109.9     109.9     100.7     100.7     104.3     104.4     109.0     109.0
1985: IV............................................     107.0     106.0     118.0     118.2     110.2     111.4     115.6     115.0     102.4     101.8     108.0     108.5     112.4     112.9
1986: IV............................................     108.3     107.4     120.6     120.8     111.3     112.5     120.9     120.5     105.6     105.2     111.6     112.2     114.6     115.2
1987: IV............................................     110.6     109.5     127.4     127.6     115.1     116.5     125.8     125.1     105.1     104.6     113.7     114.3     117.9     118.5
1988: IV............................................     110.8     110.0     131.7     132.5     118.8     120.5     130.6     129.8     104.7     104.1     117.9     118.0     122.8     123.4
1989: IV............................................     109.7     108.5     132.3     132.7     120.6     122.3     134.9     133.9     103.4     102.6     123.0     123.4     127.8     128.2
1990: IV............................................     110.5     108.9     132.1     132.2     119.6     121.4     143.5     142.2     103.4     102.5     129.8     130.5     133.2     134.0
1991: IV............................................     113.0     111.5     132.6     132.8     117.4     119.2     150.1     148.8     105.1     104.2     132.9     133.5     136.9     137.9
                                                                                                                                                                                                
1992: III...........................................     115.9     113.9     136.1     135.9     117.4     119.3     156.0     154.7     106.9     106.0     134.7     135.9     138.3     139.5
      IV............................................     116.8     115.0     137.9     137.9     118.1     120.0     157.7     156.4     107.1     106.2     135.1     136.1     140.1     141.2
                                                                                                                                                                                                
1993: I ............................................     116.2     114.4     138.1     138.3     118.9     120.9     158.8     157.2     107.0     106.0     136.6     137.5     140.8     142.0
      II ...........................................     116.4     114.5     139.6     139.9     119.9     122.1     160.0     158.2     107.0     105.8     137.5     138.1     141.4     142.5
      III ..........................................     117.3     115.6     140.9     141.5     120.1     122.4     161.2     159.3     107.4     106.1     137.4     137.7     141.6     142.8
      IV............................................     119.0     117.0     143.9     144.3     121.0     123.3     162.1     160.2     107.2     105.9     136.3     136.9     142.1     143.1
                                                                                                                                                                                                
1994: I ............................................     119.8     117.9     145.8     146.1     121.7     124.0     164.6     162.6     108.2     106.9     137.4     137.9     142.6     143.5
      II ...........................................     119.2     117.2     147.2     147.3     123.5     125.6     164.7     162.9     107.6     106.4     138.2     137.9     143.8     145.1
      III ..........................................     120.3     118.2     148.8     148.8     123.7     126.0     166.2     164.1     107.6     106.3     138.1     138.9     144.5     145.9
      IV r..........................................     121.5     119.3     151.6     151.6     124.8     127.1     167.4     165.5     107.8     106.6     137.8     138.7     144.8     146.1
1995: I p*..........................................     121.6     119.5     152.8     152.9     125.7     127.9     169.0     167.2     108.1     106.9     139.0     139.9     145.4     146.7
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(13)Percent change; quarterly data at seasonally                                                                                                                                                
 adjusted annual rates                                                                                                                                                                          
                                                                                                                                                                                                
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1985................................................       1.4       0.8       3.6       3.4       2.1       2.5       4.5       4.1       0.9       0.6       3.0       3.3       3.3       3.7
1986................................................       2.1       2.0       2.8       2.8        .6        .8       5.0       5.0       3.1       3.1       2.8       2.9       2.2       2.4
1987................................................       1.0        .8       4.1       4.1       3.0       3.2       3.6       3.5       -.1       -.2       2.5       2.6       2.6       2.6
1988................................................       1.0       1.0       4.3       4.4       3.3       3.4       4.4       4.2        .2        .1       3.4       3.3       3.6       3.6
1989................................................       -.7       -.9       1.7       1.7       2.5       2.6       3.5       3.3      -1.3      -1.4       4.3       4.3       4.4       4.2
1990................................................        .7        .4        .7        .6        .1        .2       5.7       5.5        .3        .1       5.0       5.1       4.1       4.2
1991................................................       1.3       1.5      -1.0      -1.0      -2.3      -2.4       4.8       5.0        .6        .8       3.5       3.5       3.5       3.7
1992................................................       3.0       2.7       2.7       2.4       -.3       -.3       5.1       5.1       2.0       2.0       2.1       2.4       2.2       2.3
1993................................................       1.5       1.5       3.8       4.1       2.2       2.5       3.6       3.3        .6        .2       2.0       1.7       1.9       1.9
1994 r..............................................       2.5       2.3       5.5       5.3       2.9       2.9       3.2       3.1        .6        .6        .7        .8       1.7       1.8
                                                                                                                                                                                                
                                                                                                                                                                                                
1992: I.............................................       5.5       4.2       3.4       2.4      -1.9      -1.8       5.8       5.7       3.0       2.9        .3       1.4       3.3       3.2
      II............................................       1.1       1.9       2.2       2.5       1.1        .6       4.0       4.6        .9       1.4       2.8       2.6       2.2       2.5
      III...........................................       3.7       2.8       4.9       4.4       1.2       1.6       6.1       5.8       3.0       2.6       2.4       2.9      -1.3      -1.2
      IV............................................       3.2       3.8       5.6       6.2       2.3       2.3       4.4       4.5       1.0       1.0       1.2        .6       5.1       5.1
                                                                                                                                                                                                
1993: I ............................................      -1.9      -2.0        .6       1.0       2.5       3.0       2.6       2.1       -.4       -.9       4.6       4.1       2.3       2.2
      II............................................        .6        .4       4.2       4.7       3.6       4.3       3.1       2.4        .1       -.6       2.5       2.0       1.7       1.6
      III...........................................       3.3       4.0       4.0       4.9        .7        .9       3.0       2.8       1.3       1.1       -.3      -1.2        .6        .7
      IV ...........................................       5.7       4.9       8.6       7.9       2.8       2.9       2.4       2.4       -.8       -.9      -3.1      -2.4       1.2        .8
                                                                                                                                                                                                
1994: I ............................................       2.9       2.9       5.5       5.2       2.5       2.3       6.3       6.1       4.1       3.9       3.3       3.1       1.5       1.2
      II ...........................................      -2.0      -2.1       3.7       3.2       5.9       5.5        .2        .7      -2.3      -1.8       2.3       2.9       3.5       4.5
      III ..........................................       3.7       3.2       4.5       4.3        .8       1.1       3.6       3.1       0         -.4       -.2       -.1       2.0       2.3
      IV r..........................................       4.1       4.0       7.8       7.7       3.6       3.5       3.1       3.5        .9       1.2       -.9       -.6        .7        .5
1995: I p*..........................................        .4        .7       3.2       3.3       2.8       2.6       3.9       4.1        .8       1.0       3.5       3.4       1.8       1.7
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    \1\ Output refers to gross 
domestic product originating in the 
sector in 1987 dollars.
    \2\ Hours of all persons engaged 
in the sector, including hours of 
proprietors and unpaid family 
workers. Estimates based primarily 
on establishment data.
    \3\ Wages and salaries of 
employees plus employers' 
contributions for social insurance 
and private benefit plans. Also 
includes an estimate of wages, 
salaries, and supplemental payments 
for the self-employed.
    \4\ Hourly compensation divided 
by the consumer price index for all 
urban consumers (CPI-U).
    \5\ Current dollar gross 
domestic product divided by constant 
dollar gross domestic product.
    Note.--Data relate to all 
persons engaged in the sector.
    Percent changes are from 
preceding period and are based on 
original data; they therefore may 
differ slightly from percent changes 
based on indexes shown here.
    *First quarter 1995 data are 
based on GDP data released April 28, 
1995. GDP data shown elsewhere in 
this issue of Economic Indicators 
were released May 31, 1995.

    Source: Department of Labor, 
Bureau of Labor Statistics.