[Economic Indicators February, 2005]
[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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1995 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 115.9 115.5 140.5 140.8 r 121.2 121.9 134.5 134.0 111.8 111.4 116.1 116.0 112.7 113.3
2001 ............................................... 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 ............................................... 123.9 123.5 143.5 143.9 r 115.9 116.5 144.5 143.8 115.0 114.5 116.6 116.5 116.0 116.6
2003 r.............................................. 129.5 128.9 149.0 149.4 115.1 115.9 150.4 149.6 117.0 116.4 116.2 116.1 117.4 117.9
2004 r*............................................. 134.6 134.1 156.7 157.3 116.4 117.3 157.2 156.3 119.2 118.5 116.8 116.5 119.5 119.8
2001:I r............................................ 116.9 116.4 141.1 141.4 120.7 121.5 138.8 138.1 113.0 112.4 118.7 118.6 114.1 114.6
II r.......................................... 118.5 118.1 141.4 141.9 119.4 120.1 139.7 139.0 112.9 112.3 117.9 117.6 114.9 115.4
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............................................ 122.6 122.4 142.2 142.6 115.9 116.5 143.2 142.5 115.2 114.7 116.7 116.4 115.5 116.0
II r.......................................... 123.2 122.8 142.9 143.2 116.0 116.6 144.5 143.8 115.2 114.7 117.2 117.1 115.9 116.5
III r......................................... 124.6 124.1 144.3 144.5 115.8 116.4 145.0 144.3 115.0 114.4 116.3 116.2 116.1 116.8
IV r.......................................... 125.0 124.6 144.7 145.0 115.8 116.4 145.4 144.7 114.8 114.2 116.3 116.1 116.5 117.2
2003:I r............................................ 126.3 125.8 145.5 145.9 115.2 116.0 147.4 146.7 115.3 114.7 116.8 116.6 117.1 117.7
II r.......................................... 128.6 127.9 147.5 147.8 114.7 115.6 149.6 148.7 116.8 116.1 116.4 116.3 117.3 117.8
III r ........................................ 131.1 130.5 150.8 151.1 115.0 115.7 151.5 150.8 117.6 117.0 115.6 115.5 117.5 118.0
IV r.......................................... 131.8 131.5 152.3 152.8 115.6 116.2 152.9 152.3 118.5 118.0 116.0 115.9 117.8 118.1
2004:I r............................................ 133.1 132.7 154.3 155.0 115.9 116.8 154.0 153.1 118.3 117.6 115.7 115.4 118.4 118.7
II r.......................................... 134.1 134.0 155.8 156.5 116.2 116.8 156.0 155.3 118.5 118.0 116.4 115.9 119.4 119.6
III r......................................... 134.7 134.4 157.5 158.2 116.9 117.7 158.2 157.4 119.7 119.1 117.4 117.1 119.7 120.1
IV r*......................................... 136.0 135.1 159.1 159.6 117.0 118.1 160.0 158.7 120.0 119.0 117.7 117.5 120.3 120.7
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Percent change; quarterly data at seasonally adjusted annual rates
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1995 ............................................... 0.2 0.5 2.9 3.2 2.7 2.7 2.0 2.1 -0.4 -0.3 1.9 1.6 1.8 1.7
1996 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 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 ............................................... 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 4.3 1.8 1.8 -2.4 -2.5 3.1 3.2 1.5 1.6 -1.1 -1.1 .9 1.0
2003 r.............................................. 4.5 4.4 3.8 3.8 -.6 -.5 4.1 4.0 1.8 1.7 -.4 -.4 1.3 1.1
2004 r*............................................. 4.0 4.0 5.1 5.3 1.1 1.2 4.5 4.4 1.8 1.7 .5 .4 1.7 1.6
2001:I r............................................ -.5 -.4 -1.1 -1.1 -.6 -.7 6.8 6.7 3.1 3.0 7.4 7.2 2.7 2.6
II r.......................................... 5.5 5.9 .8 1.2 -4.4 -4.4 2.9 2.6 -.4 -.6 -2.5 -3.1 3.0 2.7
III r......................................... 1.2 1.2 -3.1 -2.9 -4.2 -4.1 2.0 1.8 1.0 .9 .8 .6 1.0 .7
IV r.......................................... 7.1 6.6 1.8 1.2 -5.0 -5.1 3.1 3.1 3.6 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 5.4 3.5 4.1 -1.0 -1.4 -.3 -.3
II r.......................................... 1.9 1.3 2.1 1.7 .2 .4 3.7 3.7 .2 .2 1.7 2.3 1.4 1.8
III r......................................... 4.6 4.3 3.8 3.6 -.8 -.6 1.4 1.2 -.9 -1.1 -3.1 -2.9 .7 1.0
IV r.......................................... 1.2 1.5 1.2 1.4 .0 -.1 1.2 1.2 -.7 -.7 .0 -.3 1.4 1.3
2003:I r............................................ 4.1 4.0 2.2 2.4 -1.8 -1.5 5.8 5.6 1.9 1.8 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 ........................................ 8.1 8.7 9.3 9.3 1.1 .6 5.2 5.7 2.7 3.2 -2.7 -2.7 .7 .6
IV r.......................................... 2.1 2.8 4.2 4.6 2.0 1.7 3.7 4.1 2.9 3.3 1.6 1.2 .8 .3
2004:I r............................................ 4.0 3.8 5.3 5.7 1.2 1.9 2.9 2.1 -.7 -1.5 -1.1 -1.6 2.1 2.0
II r.......................................... 2.9 3.9 3.9 4.2 .9 .2 5.3 5.9 .8 1.4 2.3 1.9 3.3 2.9
III r......................................... 2.0 1.3 4.5 4.2 2.5 2.8 5.8 5.4 4.1 3.7 3.7 4.0 1.1 1.8
IV r*......................................... 3.7 2.1 4.2 3.7 .5 1.6 4.5 3.4 .9 -.2 .8 1.3 2.1 2.2
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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). Data for
2004 reflect annual revisions for
CPI-U released on February 23, 2005.
\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.
Quarterly and annual data for
2004 were revised to incorporate the
most recent information. Data for
hourly compensation, real hourly
compensation, and unit labor costs
for 2004: III reflect new
information on compensation from the
national income and product
accounts. In addition, data
beginning 2000 were revised to
reflect the annual benchmark and
seasonal adjustment revisions for
the nonfarm payroll series released
on February 4, 2005.
* Data based on GDP data
released on February 25, 2005.
Source: Department of Labor,
Bureau of Labor Statistics.