Academic journal article Monthly Labor Review

Comparative Indicators

Academic journal article Monthly Labor Review

Comparative Indicators

Article excerpt

1. Labor market indicators

                                                                 2006

           Selected indicators             2007       2008        IV

            Employment data

Employment status of the civilian
    noninstitutional population
    (household survey): (1)
  Labor force participation rate            66.0       66.0       66.3
  Employment-population ratio               63.0       62.2       63.4
  Unemployment rate                          4.6        5.8        4.4
    Men                                      4.7        6.1        4.5
      16 to 24 years                        11.6       14.4       11.0
      25 years and older                     3.6        4.8        3.3
    Women                                    4.5        5.4        4.4
      16 to 24 years                         9.4       11.2        9.7
      25 years and older                     3.6        4.4        3.5
Employment, nonfarm (payroll data),
    in thousands: (1)
  Total nonfarm                          137,623    137,248    136,982
          Total private                  115,420    114,792    114,899
      Goods-producing                     22,221     21,404     22,436
        Manufacturing                     13,884     13,455     14,033
      Service-providing                  115,402    115,844    114,546
  Average hours:
    Total private                           33.8       33.6       33.9
      Manufacturing                         41.2       40.8       41.1
        Overtime                             4.2        3.7        4.2

      Employment Cost Index (1, 2, 3)

Total compensation:
  Civilian nonfarm (4)                       3.3        2.6         .6
    Private nonfarm                          3.0        2.4         .7
      Goods-producing (5)                    2.4        2.4         .5
      Service-providing (5)                  3.2        2.5         .7
    State and local government               4.1        3.0         .9
Workers by bargaining status
    (private nonfarm):
  Union                                      2.0        2.8         .6
  Nonunion                                   3.2        2.4         .6

                                                 2007

           Selected indicators              I          II

            Employment data

Employment status of the civilian
    noninstitutional population
    (household survey): (1)
  Labor force participation rate            66.2       66.0
  Employment-population ratio               63.2       63.0
  Unemployment rate                          4.5        4.5
    Men                                      4.6        4.6
      16 to 24 years                        10.8       11.5
      25 years and older                     3.6        3.5
    Women                                    4.4        4.4
      16 to 24 years                         9.0        9.0
      25 years and older                     3.5        3.6
Employment, nonfarm (payroll data),
    in thousands: (1)
  Total nonfarm                          137,310    137,625
          Total private                  115,167    115,423
      Goods-producing                     22,362     22,267
        Manufacturing                     13,953     13,890
      Service-providing                  114,948    115,358
  Average hours:
    Total private                           33.9       33.9
      Manufacturing                         41.2       41.4
        Overtime                             4.1        4.1

      Employment Cost Index (1, 2, 3)

Total compensation:
  Civilian nonfarm (4)                        .9         .8
    Private nonfarm                           .8         .9
      Goods-producing (5)                     .4        1.0
      Service-providing (5)                   .9         .9
    State and local government               1.0         .6
Workers by bargaining status
    (private nonfarm):
  Union                                      -. … 
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