[Economic Indicators July, 2001]
[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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Indexes, 1992=100; quarterly data seasonally adjusted
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1991 ............................................... 96.3 96.4 96.5 96.6 100.2 100.2 95.0 95.0 97.5 97.5 98.7 98.5 98.1 98.0
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 ............................................... 100.5 100.5 103.1 103.3 102.6 102.9 102.5 102.2 99.9 99.6 101.9 101.7 102.2 102.2
1994 ............................................... 101.9 101.8 108.1 108.2 106.2 106.2 104.5 104.3 99.7 99.5 102.6 102.5 104.0 104.1
1995 ............................................... 102.6 102.8 111.5 111.8 108.7 108.8 106.7 106.6 99.3 99.2 104.1 103.7 106.0 106.1
1996 ............................................... 105.4 105.4 116.4 116.7 110.4 110.7 110.1 109.8 99.8 99.5 104.5 104.2 107.7 107.6
1997 ............................................... 107.8 107.5 122.5 122.7 113.6 114.1 113.5 113.1 100.7 100.3 105.3 105.2 109.7 109.8
1998 r.............................................. 110.7 110.3 128.5 128.8 116.1 116.8 119.8 119.2 104.8 104.2 108.2 108.0 110.6 110.8
1999 r.............................................. 113.4 112.9 134.4 134.8 118.5 119.4 125.2 124.4 107.3 106.5 110.4 110.2 111.6 112.0
2000 r.............................................. 116.9 116.2 140.6 140.8 120.3 121.2 132.8 132.0 110.1 109.4 113.6 113.6 113.7 114.2
1998:I r............................................ 110.0 109.6 126.7 127.0 115.2 115.9 117.6 116.9 103.3 102.7 106.9 106.7 110.3 110.5
II r.......................................... 110.0 109.7 127.3 127.7 115.8 116.3 119.1 118.5 104.4 103.9 108.3 108.0 110.4 110.6
III r......................................... 110.7 110.4 128.7 129.0 116.3 116.9 120.6 120.0 105.2 104.7 108.9 108.7 110.7 111.0
IV r.......................................... 111.9 111.6 131.3 131.6 117.3 118.0 121.8 121.2 105.8 105.3 108.8 108.6 110.8 111.1
1999:I r............................................ 112.8 112.2 132.4 132.8 117.4 118.3 123.2 122.3 106.6 105.9 109.2 109.0 111.2 111.5
II r.......................................... 112.5 111.9 132.9 133.2 118.2 119.1 124.5 123.6 107.0 106.2 110.7 110.5 111.4 111.8
III r......................................... 113.3 112.7 134.6 134.9 118.8 119.8 126.1 125.1 107.5 106.8 111.3 111.1 111.7 112.1
IV r.......................................... 115.2 114.7 137.8 138.1 119.6 120.4 127.2 126.4 107.6 107.0 110.4 110.2 112.0 112.5
2000:I r............................................ 115.0 114.5 138.6 138.8 120.5 121.2 129.0 128.4 108.1 107.6 112.1 112.1 112.9 113.5
II r.......................................... 117.1 116.3 140.8 141.0 120.2 121.3 131.7 130.7 109.6 108.8 112.5 112.4 113.5 114.0
III r......................................... 117.4 116.7 141.2 141.4 120.3 121.2 133.8 133.0 110.3 109.7 114.0 114.0 113.9 114.5
IV r.......................................... 118.2 117.4 141.9 142.1 120.0 121.0 136.8 135.9 112.0 111.3 115.7 115.8 114.4 114.9
2001:I r............................................ 118.2 117.4 142.3 142.5 120.4 121.4 138.6 137.6 112.3 111.5 117.2 117.2 115.2 115.7
II p*......................................... 119.0 118.1 142.3 142.6 119.5 120.7 140.4 139.1 112.9 111.9 117.9 117.8 115.8 116.2
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Percent change; quarterly data at seasonally adjusted annual rates
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1991................................................ 1.1 1.2 -1.2 -1.3 -2.3 -2.4 4.7 4.9 1.0 1.2 3.6 3.6 3.5 3.7
1992................................................ 3.9 3.7 3.7 3.5 -.2 -.2 5.3 5.3 2.6 2.6 1.4 1.6 2.0 2.1
1993................................................ .5 .5 3.1 3.3 2.6 2.9 2.5 2.2 -.1 -.4 1.9 1.7 2.2 2.2
1994................................................ 1.3 1.3 4.9 4.7 3.5 3.3 2.0 2.1 -.2 -.1 .7 .8 1.8 1.9
1995................................................ .7 .9 3.1 3.4 2.4 2.4 2.1 2.1 -.4 -.4 1.4 1.2 2.0 2.0
1996................................................ 2.8 2.5 4.4 4.3 1.6 1.7 3.2 r3.1 .4 .3 .4 .5 1.6 1.4
1997................................................ 2.3 2.0 5.2 5.1 2.9 3.1 3.1 3.0 .9 .8 .8 .9 1.8 2.1
1998 r.............................................. 2.7 2.6 4.9 5.0 2.2 2.4 5.5 5.4 4.0 3.9 2.8 2.7 .8 .9
1999 r.............................................. 2.5 2.3 4.6 4.6 2.0 2.2 4.6 4.4 2.4 2.2 2.0 2.0 .9 1.1
2000 r.............................................. 3.1 3.0 4.6 4.5 1.5 1.5 6.0 6.1 2.6 2.7 2.9 3.1 1.9 2.0
1997:I r............................................ 1.6 1.1 5.2 4.8 3.5 3.7 2.2 2.3 -.1 .0 .6 1.1 2.6 3.1
II r.......................................... 4.2 4.2 7.1 7.1 2.8 2.7 1.4 1.4 .5 .6 -2.7 -2.6 1.9 2.2
III r......................................... 3.8 3.3 4.9 4.6 1.1 1.3 4.5 4.0 2.8 2.3 .7 .7 1.0 1.3
IV r.......................................... .6 .6 3.2 3.4 2.6 2.8 6.4 6.2 4.2 4.0 5.8 5.6 1.1 1.1
1998:I r............................................ 4.9 4.7 7.5 7.8 2.5 3.0 7.1 6.8 6.3 6.0 2.1 2.0 .5 .6
II r.......................................... .1 .5 1.9 2.1 1.9 1.6 5.4 5.6 4.2 4.4 5.3 5.1 .5 .4
III r......................................... 2.6 2.2 4.4 4.3 1.7 2.0 5.0 5.0 3.4 3.4 2.3 2.7 .9 1.2
IV r.......................................... 4.6 4.5 8.2 8.3 3.5 3.6 4.2 4.0 2.3 2.1 -.4 -.4 .5 .5
1999:I r............................................ 3.1 2.4 3.5 3.5 .4 1.0 4.7 3.8 3.1 2.2 1.5 1.3 1.3 1.5
II r.......................................... -1.1 -1.4 1.6 1.4 2.7 2.8 4.2 4.2 1.4 1.3 5.4 5.6 .8 1.2
III r......................................... 2.9 3.0 5.1 5.3 2.1 2.2 5.1 5.2 2.0 2.1 2.1 2.1 .9 1.0
IV r.......................................... 7.0 7.4 9.9 9.8 2.7 2.3 3.5 4.2 .3 .9 -3.2 -2.9 1.2 1.4
2000:I r............................................ -.6 -.6 2.2 2.0 2.9 2.6 5.9 6.2 1.8 2.1 6.5 6.8 3.2 3.5
II r.......................................... 7.3 6.3 6.5 6.5 -.7 .2 8.6 7.6 5.5 4.5 1.2 1.2 2.1 1.7
III r......................................... 1.0 1.4 1.3 1.2 -.3 -.2 6.5 7.1 2.9 3.5 5.5 5.6 1.7 1.8
IV r.......................................... 3.0 2.3 1.8 1.8 -1.1 -.5 9.4 8.9 6.3 5.8 6.3 6.4 1.6 1.5
2001:I r............................................ .0 .1 1.2 1.4 1.2 1.3 5.3 5.1 1.1 .9 5.3 5.0 2.9 2.7
II p*......................................... 2.8 2.5 .0 .1 -2.7 -2.4 5.2 4.7 2.1 1.6 2.4 2.1 1.9 1.7
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\1\ Output refers to real gross
domestic product originating in the
sector.
\2\ Hours of all persons engage
in the sector, including hours of
proprietors and 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) for recent
quarters. The trend from 1978-2000
is based on the consumer price index
research series (CPI-U-RS).
\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.
Data reflect annual GDP
revisions released by the Bureau of
Economic Analysis on July 27, 2001,
as well as annual benchmark
revisions to establishment survey
data and revisions to hours series
released by the Bureau of Labor
Statistics on June 1, 2001.
* Data based on GDP data
released July 27, 2001.
Source: Department of Labor,
Bureau of Labor Statistics.