Academic journal article Monthly Labor Review

Comparative Indicators

Academic journal article Monthly Labor Review

Comparative Indicators

Article excerpt

Current Labor Statistics: Comparative Indicators

1. Labor market indicators

              Selected indicators                       2003      2004

                 Employment data

Employment status of the civilian noninstitutional
  population (household survey): (1)
    Labor force participation rate                      66.2      66.0
    Employment-population ratio                         62.3      62.3
    Unemployment rate                                    6.0       5.5
      Men                                                6.3       5.6
        16 to 24 years                                  13.4      12.6
        25 years and older                               5.0       4.4
      Women                                              5.7       5.4
        16 to 24 years                                  11.4      11.0
        25 years and older                               4.6       4.4

Employment, nonfarm (payroll data),
  in thousands: (1)
    Total nonfarm                                    129,931   131,480
          Total private                              108,356   109,862
      Goods-producing                                 21,817    21,884
        Manufacturing                                 14,525    14,329
      Service-providing                              108,114   109,596

  Average hours:
    Total private                                       33.7      33.7
      Manufacturing                                     40.4      40.8
        Overtime                                         4.2       4.6

              Employment Cost Index (2)

Percent change in the ECI, compensation:
  All workers (excluding farm, household                 3.8       3.7
    and Federal workers)
      Private industry workers                           4.0       3.8
        Goods-producing (3)                              4.0       4.7
        Service-providing (3)                            4.0       3.3
  State and local government workers                     3.3       3.5

Workers by bargaining status (private industry):
  Union                                                  4.6       5.6
  Nonunion                                               3.9       3.4

                                                           2003

              Selected indicators                      II         III

                 Employment data

Employment status of the civilian noninstitutional
  population (household survey): (1)
    Labor force participation rate                      66.4      66.2
    Employment-population ratio                         62.3      62.1
    Unemployment rate                                    6.1       6.1
      Men                                                6.5       6.4
        16 to 24 years                                  13.9      13.7
        25 years and older                               5.2       5.1
      Women                                              5.7       5.8
        16 to 24 years                                  11.8      11.5
        25 years and older                               4.6       4.7

Employment, nonfarm (payroll data),
  in thousands: (1)
    Total nonfarm                                    129,845   129,890
          Total private                              108,253   108,320
      Goods-producing                                 21,828    21,700
        Manufacturing                                 14,555    14,377
      Service-providing                              108,017   108,190

  Average hours:
    Total private                                       33.6      33.6
      Manufacturing                                     40.2      40.3
        Overtime                                         4.0       4.1

              Employment Cost Index (2)

Percent change in the ECI, compensation:
  All workers (excluding farm, household                  .8       1.1
    and Federal workers)
      Private industry workers                            . … 
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