[Economic Indicators March, 1996]
[Page Number 16]
[From the U.S. Government Publishing Office, www.gpo.gov]



 

                                                                         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)Indexes, 1992=100; quarterly data seasonally                                                                                                                                                
 adjusted                                                                                                                                                                                       
                                                                                                                                                                                                
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1986................................................      94.2      94.9      88.6      88.7      94.0      93.5      76.9      77.3      98.4      98.9      81.6      81.4      81.6      81.4
1987................................................      94.1      94.7      91.1      91.4      96.8      96.5      79.9      80.2      98.6      99.0      84.9      84.7      83.8      83.5
1988................................................      94.6      95.3      94.6      95.1     100.0      99.8      83.5      83.6      99.0      99.2      88.2      87.8      86.8      86.4
1989................................................      95.4      95.8      97.8      98.1     102.5     102.4      85.8      85.8      97.1      97.1      89.9      89.6      90.5      90.0
1990................................................      96.2      96.3      98.7      98.8     102.6     102.7      90.8      90.6      97.4      97.3      94.3      94.1      94.0      93.8
1991................................................      96.7      96.9      96.9      97.1     100.3     100.2      95.1      95.1      97.9      97.9      98.3      98.1      97.7      97.6
1992................................................     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0     100.0
1993................................................     100.2     100.2     102.6     102.9     102.4     102.7     102.6     102.3      99.6      99.3     102.4     102.1     102.5     102.5
1994................................................     101.0     100.7     106.9     106.9     105.9     106.2     104.8     104.5      99.2      98.9     103.8     103.8     104.8     104.9
1995p*..............................................     101.9     101.8     109.6     109.8     107.6     107.9     108.5     108.2      99.9      99.6     106.5     106.3     107.1     107.2
                                                                                                                                                                                                
1992:I..............................................      99.3      99.3      98.8      98.8      99.5      99.6      98.6      98.5      99.7      99.7      99.3      99.3      99.3      99.2
      II............................................      99.9     100.0      99.6      99.6      99.7      99.6      99.5      99.6      99.8      99.9      99.6      99.6      99.7      99.8
      III...........................................      99.7      99.6      99.8      99.8     100.1     100.1     100.7     100.7     100.3     100.2     101.0     101.0     100.1     100.1
      IV............................................     101.1     101.1     101.7     101.8     100.6     100.7     101.2     101.2      99.9      99.9     100.1     100.1     100.9     100.9
                                                                                                                                                                                                
1993:I..............................................     100.2     100.1     101.4     101.6     101.3     101.5     101.6     101.4      99.6      99.4     101.4     101.3     101.7     101.8
      II............................................      99.8      99.7     102.0     102.2     102.2     102.5     102.5     102.1      99.7      99.3     102.6     102.4     102.3     102.4
      III...........................................     100.1     100.2     102.8     103.2     102.6     103.0     103.0     102.6      99.8      99.4     102.9     102.4     102.7     102.7
      IV............................................     100.8     100.6     104.3     104.6     103.5     103.9     103.3     102.9      99.2      98.9     102.5     102.3     103.3     103.3
                                                                                                                                                                                                
1994:I..............................................     100.3     100.0     104.8     104.8     104.5     104.8     104.2     103.7      99.6      99.2     103.8     103.7     103.9     103.9
      II............................................     100.7     100.4     106.5     106.6     105.8     106.1     104.5     104.3      99.3      99.1     103.9     103.8     104.4     104.5
      III...........................................     101.4     101.1     107.6     107.7     106.2     106.5     104.9     104.6      98.8      98.4     103.5     103.4     105.1     105.3
      IV............................................     101.5     101.3     108.7     108.8     107.1     107.4     105.7     105.4      98.9      98.7     104.1     104.1     105.6     105.7
                                                                                                                                                                                                
1995:I..............................................     101.1     101.0     108.8     109.0     107.6     107.9     106.6     106.4      99.1      98.9     105.4     105.3     106.3     106.5
      II............................................     101.9     101.8     108.9     109.1     106.9     107.2     108.0     107.8      99.6      99.4     106.0     105.9     106.9     107.0
      III...........................................     102.3     102.2     110.1     110.4     107.7     108.0     109.2     108.9     100.1      99.9     106.8     106.6     107.4     107.5
      IVp*..........................................     102.3     102.1     110.5     110.7     108.0     108.4     110.1     109.7     100.4     100.1     107.6     107.5     107.7     107.7
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(13)Percent change; quarterly data at seasonally                                                                                                                                                
 adjusted annual rates                                                                                                                                                                          
                                                                                                                                                                                                
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1986................................................       2.6       2.7       3.2       3.4       0.6       0.7       5.2       5.2       3.3       3.3       2.6       2.5       2.2       2.2
1987................................................       -.1       -.2       2.9       3.0       3.0       3.2       3.9       3.7        .2        .1       4.0       4.0       2.7       2.6
1988................................................        .5        .6       3.8       4.1       3.3       3.5       4.5       4.3        .4        .1       4.0       3.7       3.5       3.4
1989................................................        .8        .5       3.4       3.2       2.5       2.6       2.8       2.7      -1.9      -2.1       1.9       2.1       4.2       4.2
1990................................................        .8        .5        .9        .7        .1        .2       5.8       5.5        .4        .1       4.9       5.0       4.0       4.2
1991................................................        .5        .7      -1.8      -1.8      -2.3      -2.4       4.8       4.9        .5        .7       4.2       4.3       3.9       4.1
1992................................................       3.4       3.2       3.2       3.0       -.3       -.2       5.2       5.2       2.1       2.1       1.7       1.9       2.4       2.4
1993................................................        .2        .2       2.6       2.9       2.4       2.7       2.6       2.3       -.4       -.7       2.4       2.1       2.5       2.5
1994................................................        .7        .5       4.2       4.0       3.4       3.4       2.2       2.2       -.4       -.4       1.4       1.6       2.2       2.3
1995p*..............................................        .9       1.1       2.5       2.7       1.6       1.6       3.5       3.6        .6        .7       2.5       2.5       2.2       2.2
                                                                                                                                                                                                
1992:I..............................................       8.1       7.3       6.2       5.6      -1.7      -1.5       7.8       7.7       5.0       4.9       -.3        .4       2.8       3.0
      II............................................       2.5       2.8       3.2       3.1        .7        .3       3.7       4.2        .3        .9       1.2       1.4       1.9       2.1
      III...........................................       -.7      -1.2        .8        .7       1.6       2.0       4.8       4.4       1.8       1.4       5.6       5.7       1.5       1.4
      IV............................................       5.6       6.1       7.9       8.4       2.2       2.2       2.1       2.1      -1.4      -1.4      -3.3      -3.7       3.0       3.2
                                                                                                                                                                                                
1993:I..............................................      -3.7      -3.9      -1.1       -.9       2.6       3.1       1.6       1.0      -1.3      -1.9       5.4       5.1       3.4       3.8
      II............................................      -1.3      -1.7       2.2       2.4       3.6       4.2       3.4       2.7        .4       -.2       4.8       4.5       2.5       2.1
      III...........................................       1.3       2.1       3.0       4.1       1.7       2.0       2.2       2.0        .3        .1        .9       -.1       1.4       1.2
      IV............................................       2.7       1.6       6.3       5.3       3.5       3.6       1.1       1.1      -2.0      -2.0      -1.6       -.5       2.4       2.6
                                                                                                                                                                                                
1994:I..............................................      -1.9      -2.5       1.8        .9       3.7       3.5       3.4       3.3       1.4       1.2       5.4       5.9       2.4       2.5
      II............................................       1.4       1.9       6.7       6.8       5.3       4.8       1.5       2.1      -1.0       -.4        .1        .2       1.8       2.2
      III...........................................       2.8       2.6       4.1       4.2       1.3       1.6       1.5       1.2      -2.2      -2.5      -1.3      -1.4       2.6       2.9
      IV............................................        .7        .9       4.0       4.2       3.3       3.3       2.9       3.3        .7       1.0       2.3       2.4       2.0       1.8
                                                                                                                                                                                                
1995:I..............................................      -1.6      -1.1        .6        .8       2.2       1.9       3.4       3.7        .5        .8       5.0       4.9       2.8       2.9
      II............................................       3.0       3.0        .3        .5      -2.5      -2.4       5.6       5.4       2.1       2.0       2.5       2.3       2.1       1.9
      III...........................................       1.6       1.7       4.4       4.7       2.8       2.9       4.3       4.3       2.3       2.2       2.7       2.5       2.1       1.8
      IVp*..........................................        0        -.5       1.2       1.1       1.2       1.6       3.3       3.0        .9        .6       3.3       3.5        .9        .9
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    \1\Output refers to real gross 
domestic product originating in the 
sector.
    \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\Hourlycompensationdividedbythe
consumerpriceindexforallurbanconsumer
s(CPI-U).
    \5\Current dollar gross domestic 
output divided by the output index.

    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.
    *Fourth quarter 1995 data are 
based on GDP data released February 
23, 1996. The GDP data shown 
elsewhere in this issue of Economic 
Indicators were released on April 2, 
1996.

    Source: Department of Labor, 
Bureau of Labor Statistics.