[Economic Indicators February, 2004]
[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
 
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1994 ...............................................     101.4     101.5     108.2     108.3     106.7     106.7     103.8     103.7      99.2      99.1     102.3     102.2     103.9     104.0
1995 ...............................................     101.7     102.1     111.4     111.8     109.5     109.5     106.0     106.0      98.9      98.9     104.3     103.8     105.7     105.8
1996 ...............................................     104.5     104.7     116.5     116.8     111.5     111.6     109.5     109.4      99.5      99.4     104.8     104.5     107.4     107.3
1997 ...............................................     106.5     106.4     122.7     122.8     115.2     115.4     113.0     112.8     100.5     100.3     106.1     106.0     109.0     109.1
1998 ...............................................     109.3     109.2     128.6     128.9     117.7     118.1     119.7     119.4     105.0     104.7     109.5     109.3     109.7     109.9
1999 r..............................................     112.4     112.2     135.2     135.6     120.2     120.8     125.4     124.9     107.8     107.3     111.6     111.3     110.7     111.1
2000 r..............................................     115.7     115.3     140.5     140.8     121.4     122.1     134.2     133.7     111.6     111.2     116.0     116.0     112.7     113.3
2001 r..............................................     118.3     117.8     140.6     141.0     118.9     119.7     139.7     138.9     113.0     112.4     118.1     118.0     114.9     115.4
2002r...............................................     124.0     123.6     143.8     144.2     116.0     116.6     142.8     142.1     113.7     113.2     115.2     115.0     115.8     116.4
2003r*..............................................     129.6     129.1     149.1     149.5     115.1     115.8     147.6     146.7     114.9     114.2     113.9     113.6     117.4     117.9
 
 
2000:Ir.............................................     113.8     113.5     138.6     138.8     121.8     122.3     132.1     131.8     111.2     110.9     116.1     116.1     112.1     112.6
      II  r.........................................     116.0     115.6     141.1     141.4     121.6     122.3     132.7     132.1     110.8     110.3     114.4     114.3     112.6     113.1
      III r.........................................     115.8     115.5     140.8     141.1     121.6     122.2     135.4     134.9     112.1     111.7     116.9     116.9     112.9     113.5
      IV r..........................................     116.9     116.4     141.5     141.8     121.0     121.8     136.3     135.6     112.0     111.4     116.5     116.5     113.3     113.9
 
2001:I r............................................     116.9     116.4     141.2     141.5     120.8     121.6     138.2     137.5     112.5     111.9     118.2     118.1     114.1     114.6
      II r..........................................     117.7     117.3     140.8     141.2     119.6     120.4     139.1     138.3     112.4     111.7     118.2     117.9     115.0     115.5
      III r.........................................     118.2     117.8     139.9     140.3     118.4     119.1     140.1     139.3     112.9     112.3     118.6     118.3     115.2     115.6
      IV r..........................................     120.4     119.8     140.6     140.8     116.9     117.6     141.5     140.7     114.2     113.5     117.6     117.5     115.5     116.0
 
2002:I r............................................     122.8     122.6     142.6     143.1     116.1     116.7     141.8     141.1     114.1     113.5     115.5     115.1     115.3     115.8
      II r..........................................     123.3     122.8     143.1     143.4     116.1     116.8     142.6     141.9     113.7     113.2     115.7     115.6     115.7     116.3
      III r.........................................     124.7     124.2     144.6     144.8     115.9     116.6     143.1     142.4     113.5     112.9     114.7     114.6     115.9     116.6
      IV r..........................................     125.4     124.9     145.1     145.4     115.8     116.4     143.8     143.2     113.5     113.0     114.7     114.6     116.5     117.1
 
2003:I r............................................     126.4     126.0     145.8     146.3     115.4     116.1     145.5     144.6     113.8     113.1     115.1     114.8     116.9     117.5
      II r..........................................     128.6     127.9     147.3     147.6     114.5     115.4     147.4     146.3     115.1     114.2     114.6     114.4     117.2     117.7
      III r ........................................     131.3     130.8     151.0     151.3     115.0     115.7     148.4     147.5     115.2     114.5     113.0     112.8     117.6     118.1
      IV r *........................................     132.0     131.6     152.4     152.8     115.5     116.1     149.0     148.3     115.5     114.9     112.9     112.7     117.9     118.2
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
                                                                                          Percent change; quarterly data at seasonally adjusted annual rates
 
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1994................................................       1.2       1.2       5.0       4.8       3.8       3.5       1.6       1.7      -0.5      -0.4       0.4       0.5       1.8       1.9
1995................................................        .3        .6       2.9       3.2       2.6       2.6       2.2       2.2       -.3       -.2       1.9       1.6       1.8       1.7
1996................................................       2.8       2.5       4.6       4.5       1.8       1.9       3.2       3.2        .5        .5        .5        .6       1.6       1.4
1997................................................       1.9       1.7       5.3       5.2       3.3       3.4       3.2       3.1       1.1       1.0       1.3       1.4       1.5       1.7
1998 ...............................................       2.6       2.6       4.8       5.0       2.2       2.3       5.9       5.8       4.4       4.3       3.2       3.2        .6        .7
1999 ...............................................       2.9       2.8       5.1       5.2       2.1       2.3       4.8       4.7       2.7       2.5       1.8       1.8        .9       1.1
2000 r..............................................       2.9       2.8       3.9       3.8       1.0       1.0       7.0       7.0       3.6       3.6       4.0       4.2       1.8       1.9
2001 r..............................................       2.2       2.1        .1        .1      -2.1      -2.0       4.1       3.9       1.3       1.1       1.8       1.7       1.9       1.9
2002r...............................................       4.9       5.0       2.3       2.3      -2.5      -2.6       2.2       2.3        .6        .7      -2.5      -2.5        .8        .9
2003r*..............................................       4.5       4.4       3.7       3.7       -.8       -.7       3.3       3.2       1.0        .9      -1.1      -1.2       1.4       1.2
 
2000:I r............................................      -1.3      -1.7        .3       -.1       1.7       1.6      14.5      14.7      10.4      10.5      16.0      16.7       3.4       3.3
      II r..........................................       8.2       7.5       7.5       7.5       -.7       -.1       1.8       1.1      -1.5      -2.2      -5.9      -6.0       1.8       1.8
      III r.........................................       -.6       -.4       -.8       -.8       -.2       -.4       8.5       8.8       4.7       5.0       9.2       9.2       1.3       1.4
      IV r..........................................       3.8       3.3       2.0       2.2      -1.7      -1.1       2.5       2.0       -.4       -.9      -1.3      -1.3       1.4       1.3
 
2001:I r............................................       -.1       -.1       -.8       -.8       -.7       -.7       5.8       5.6       2.0       1.8       5.9       5.7       2.7       2.5
      II r..........................................       3.0       3.1      -1.2      -1.0      -4.0      -4.0       2.7       2.4       -.6       -.8       -.3       -.7       3.1       2.9
      III r.........................................       1.5       1.6      -2.6      -2.5      -4.0      -4.1       3.0       3.0       2.1       2.1       1.5       1.3        .8        .6
      IV r..........................................       7.6       7.0       2.2       1.6      -5.0      -5.1       3.9       4.0       4.5       4.6      -3.4      -2.8       1.1       1.3
 
2002:I r............................................       8.4       9.8       5.6       6.7      -2.6      -2.9        .9       1.2       -.4        .0      -6.9      -7.8       -.7       -.7
      II r..........................................       1.5        .7       1.4        .8       -.1        .1       2.3       2.3      -1.2      -1.2        .9       1.6       1.6       1.9
      III r.........................................       4.9       4.5       4.3       4.0       -.5       -.5       1.3       1.3       -.9       -.9      -3.4      -3.1        .5       1.0
      IV r..........................................       2.0       2.3       1.6       1.6       -.5       -.7       2.2       2.2        .2        .2        .1       -.1       1.9       1.7
 
2003:I r............................................       3.5       3.4       1.9       2.4      -1.5      -1.0       4.8       4.0        .9        .2       1.3        .6       1.6       1.5
      II r..........................................       7.2       6.2       4.2       3.8      -2.8      -2.3       5.3       4.9       4.7       4.2      -1.7      -1.3        .9        .7
      III r ........................................       8.7       9.5      10.3      10.4       1.5        .9       2.7       3.3        .3       1.0      -5.5      -5.6       1.3       1.1
      IV r*.........................................       2.0       2.6       3.9       4.1       1.9       1.5       1.8       2.2       1.0       1.4       -.2       -.4       1.2        .5
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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\ Hourly compensation divided 
by the consumer price index for all 
urban consumers (CPI-U) for recent 
quarters. The trend from 1978-2002 
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 beginning 1999 reflect 
revisions to incorporate the annual 
benchmark and seasonal adjustment 
revisions for nonagricultural 
payroll series released on February 
6, 2004.
    * Data based on GDP data 
released on February 27, 2004.

    Source: Department of Labor, 
Bureau of Labor Statistics.