[Economic Indicators July, 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
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                 Indexes, 1992=100; quarterly data seasonally adjusted
 
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1994 r..............................................     101.5     101.5     108.2     108.3     106.7     106.6     103.8     103.8      99.2      99.1     102.3     102.2     103.9     104.0
1995 r..............................................     101.6     102.0     111.4     111.8     109.6     109.5     106.0     105.9      98.9      98.8     104.3     103.8     105.7     105.8
1996 r..............................................     104.6     104.8     116.5     116.8     111.4     111.5     109.6     109.5      99.6      99.5     104.8     104.5     107.4     107.3
1997 r..............................................     106.5     106.5     122.7     122.8     115.1     115.4     113.1     112.9     100.6     100.4     106.1     106.0     109.0     109.1
1998 r..............................................     109.4     109.3     128.6     128.9     117.6     117.9     119.9     119.6     105.1     104.9     109.6     109.4     109.7     109.9
1999 r..............................................     112.6     112.3     135.2     135.6     120.1     120.7     125.6     125.1     107.9     107.5     111.6     111.4     110.7     111.1
2000 r..............................................     115.9     115.5     140.5     140.8     121.3     121.9     134.5     134.0     111.8     111.4     116.1     116.0     112.7     113.3
2001 r..............................................     118.8     118.3     141.0     141.3     118.7     119.4     140.1     139.3     113.3     112.7     118.0     117.7     114.9     115.4
2002 r..............................................     123.9     123.5     143.5     143.9     115.8     116.5     144.5     143.8     115.0     114.5     116.6     116.5     116.0     116.6
2003 r..............................................     129.5     129.0     149.0     149.4     115.1     115.8     150.5     149.7     117.1     116.5     116.2     116.1     117.4     117.9
 
2001:I r............................................     117.0     116.5     141.1     141.4     120.7     121.4     138.8     138.1     113.0     112.5     118.7     118.6     114.1     114.6
      II r..........................................     118.4     118.1     141.4     141.9     119.4     120.2     139.7     138.9     112.8     112.2     117.9     117.6     114.9     115.4
      III r.........................................     118.8     118.5     140.3     140.8     118.1     118.9     140.4     139.6     113.2     112.5     118.2     117.8     115.2     115.6
      IV r..........................................     120.9     120.4     141.0     141.2     116.6     117.3     141.5     140.7     114.2     113.5     117.0     116.8     115.6     116.0
 
2002:I r............................................     122.7     122.4     142.2     142.6     115.9     116.5     143.2     142.6     115.2     114.7     116.7     116.4     115.5     116.0
      II r..........................................     123.2     122.8     142.9     143.2     116.0     116.7     144.4     143.8     115.2     114.7     117.2     117.1     115.9     116.5
      III r.........................................     124.7     124.1     144.3     144.5     115.7     116.4     145.0     144.3     115.0     114.4     116.3     116.2     116.1     116.8
      IV r..........................................     125.0     124.6     144.7     145.0     115.7     116.4     145.5     144.7     114.8     114.3     116.3     116.1     116.5     117.2
 
2003:I r............................................     126.2     125.8     145.5     145.9     115.3     116.0     147.4     146.6     115.3     114.7     116.8     116.6     117.1     117.7
      II r..........................................     128.6     127.8     147.5     147.8     114.7     115.6     149.6     148.7     116.8     116.1     116.4     116.3     117.3     117.8
      III r ........................................     131.2     130.6     150.8     151.1     114.9     115.7     151.7     150.9     117.7     117.1     115.6     115.5     117.5     118.0
      IV r..........................................     132.0     131.7     152.3     152.8     115.4     116.1     153.2     152.5     118.7     118.2     116.0     115.9     117.8     118.1
 
2004:I r............................................     133.3     132.8     154.3     155.0     115.8     116.7     155.0     154.0     119.0     118.3     116.3     116.0     118.4     118.7
      II p..........................................     133.9     133.8     155.6     156.4     116.2     116.9     156.6     155.9     118.8     118.3     116.9     116.5     119.3     119.5
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
                                                                                          Percent change; quarterly data at seasonally adjusted annual rates
 
                                                     -------------------------------------------------------------------------------------------------------------------------------------------
1994 r..............................................       1.1       1.2       5.0       4.8       3.8       3.6       1.6       1.7      -0.5      -0.4       0.4       0.5       1.8       1.9
1995 r..............................................        .2        .5       2.9       3.2       2.7       2.7       2.0       2.1       -.4       -.3       1.9       1.6       1.8       1.7
1996 r..............................................       2.9       2.7       4.6       4.5       1.6       1.8       3.4       3.4        .7        .7        .5        .7       1.6       1.4
1997 r..............................................       1.9       1.6       5.3       5.2       3.4       3.5       3.2       3.1       1.0        .9       1.3       1.4       1.5       1.7
1998 r..............................................       2.7       2.7       4.8       5.0       2.1       2.2       6.0       5.9       4.6       4.5       3.3       3.2        .6        .7
1999 r..............................................       2.9       2.8       5.1       5.2       2.2       2.3       4.8       4.6       2.6       2.5       1.8       1.8        .9       1.1
2000 r..............................................       2.9       2.8       3.9       3.8       1.0       1.0       7.1       7.1       3.6       3.6       4.0       4.2       1.8       1.9
2001 r..............................................       2.5       2.5        .3        .4      -2.1      -2.0       4.2       4.0       1.3       1.1       1.6       1.5       2.0       1.9
2002 r..............................................       4.3       4.4       1.8       1.8      -2.4      -2.5       3.2       3.3       1.5       1.6      -1.1      -1.1        .9       1.0
2003 r..............................................       4.5       4.4       3.8       3.8       -.7       -.6       4.1       4.1       1.8       1.7       -.4       -.4       1.3       1.1
 
2000:I r............................................      -1.4      -1.7        .3       -.1       1.7       1.6      14.5      14.7      10.3      10.5      16.0      16.7       3.4       3.3
      II r..........................................       8.0       7.4       7.5       7.5       -.5        .1       1.6       1.0      -1.6      -2.2      -5.9      -6.0       1.8       1.8
      III r.........................................       -.9       -.8       -.8       -.8        .1        .0       8.1       8.2       4.2       4.3       9.1       9.1       1.3       1.4
      IV r..........................................       4.2       3.7       2.0       2.2      -2.1      -1.5       2.9       2.4        .0       -.5      -1.2      -1.3       1.4       1.3
 
2001:I r............................................       -.5       -.4      -1.1      -1.1       -.6       -.7       6.8       6.8       3.1       3.0       7.4       7.2       2.7       2.6
      II r..........................................       5.1       5.5      -. 8       1.2      -4.1      -4.1       2.5       2.2       -.8      -1.0      -2.5      -3.1       3.0       2.7
      III r.........................................       1.3       1.4      -3.1      -2.9      -4.3      -4.3       2.2       2.1       1.2       1.1        .8        .6       1.0        .7
      IV r..........................................       7.2       6.6       1.8       1.2      -5.0      -5.1       3.1       3.2       3.7       3.7      -3.8      -3.3       1.3       1.5
 
2002:I r............................................       5.9       6.9       3.5       4.0      -2.3      -2.7       4.9       5.5       3.5       4.1      -1.0      -1.4       -.3       -.3
      II r..........................................       1.7       1.1       2.1       1.7        .4        .6       3.4       3.4       -.1       -.1       1.7       2.3       1.4       1.8
      III r.........................................       4.8       4.5       3.8       3.6      -1.0       -.9       1.6       1.5       -.7       -.8      -3.1      -2.9        .7       1.0
      IV r..........................................       1.2       1.6       1.2       1.4        .0       -.2       1.3       1.2       -.6       -.6        .0       -.3       1.4       1.3
 
2003:I r............................................       3.9       3.7       2.2       2.4      -1.6      -1.3       5.5       5.4       1.7       1.5       1.6       1.6       2.1       1.9
      II r..........................................       7.6       6.7       5.6       5.3      -1.9      -1.4       6.1       5.7       5.4       5.0      -1.4      -1.0        .8        .5
      III r ........................................       8.5       9.0       9.3       9.3        .7        .3       5.6       6.1       3.1       3.6      -2.6      -2.7        .7        .6
      IV r..........................................       2.4       3.1       4.2       4.6       1.7       1.4       4.0       4.4       3.3       3.6       1.6       1.2        .8        .3
 
2004:I r............................................       3.9       3.7       5.3       5.7       1.3       2.0       4.8       4.0       1.1        .3        .8        .3       2.1       2.0
      II p..........................................       1.9       2.9       3.5       3.8       1.5        .8       4.2       4.9       -.5        .1       2.2       1.9       3.2       2.8
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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 1978-2003 
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 for 2001:I through 2004:I 
reflect the annual revisions to GDP 
data released by the Department of 
Commerce on July 30, 2004. GDP data 
for 2004:II were also released on 
July 30, 2004.
    Data incorporate new estimates 
of average weekly hours at work for 
nonproduction and supervisory 
workers and new information on 
seasonal patterns for farm workers, 
nonfarm proprietors and unpaid 
family workers, and employees of 
government enterprises. See 
Productivity and Costs, release 
dated August 10, 2004, for details.


    Source: Department of Labor, 
Bureau of Labor Statistics.