Academic journal article Monthly Labor Review

Comparative Indicators

Academic journal article Monthly Labor Review

Comparative Indicators

Article excerpt

1. Labor market indicators

Selected indicators                        2007      2008

        Employment data
Employment status of the civilian
    noninstitutional population
    (household survey): (1)
  Labor force participation rate            66.0      66.0
  Employment-population ratio               63.0      62.2
  Unemployment rate                          4.6       5.8
    Men                                      4.7       6.1
      16 to 24 years                        11.6      14.4
      25 years and older                     3.6       4.8
    Women                                    4.5       5.4
      16 to 24 years                         9.4      11.2
      25 years and older                     3.6       4.4

Employment, nonfarm (payroll data),
    in thousands: (1)
  Total nonfarm                          137,598   137,066
        Total private                    115,380   114,566
    Goods-producing                       22,233    21,419
      Manufacturing                       13,879    13,431
    Service-providing                    115,366   115,646
  Average hours:
    Total private                           33.9      33.6
      Manufacturing                         41.2      40.8
        Overtime                             4.2       3.7

            Employment Cost Index
                   (1,2,3)

Total compensation:
  Civilian nonfarm (4)                       3.3       2.6
    Private nonfarm                          3.0       2.4
      Goods-producing (5)                    2.4       2.4
      Service-providing (5)                 32.0       2.5
    State and local government               4.1       3.0

Workers by bargaining status
    (private nonfarm):
  Union                                      2.0       2.8
  Nonunion                                   3.2       2.4

Selected indicators                            2007

                                             I        II
        Employment data
Employment status of the civilian
    noninstitutional population
    (household survey): (1)
  Labor force participation rate            65.9      66.6
  Employment-population ratio               62.9      63.4
  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                         9.1       9.0
      25 years and older                     3.5       3.6

Employment, nonfarm (payroll data),
    in thousands: (1)
  Total nonfarm                          137,400   137,645
        Total private                    115,250   115,400
    Goods-producing                       22,392    22,289
      Manufacturing                       13,966    13,889
    Service-providing                    115,008   115,356
  Average hours:
    Total private                           33.9      33.9
      Manufacturing                         41.2      41.3
        Overtime                             4.3       4.3

            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                                      -.3       1.2
  Nonunion                                   1.0        .9

Selected indicators                             2007

                                            III       IV
        Employment data
Employment status of the civilian
    noninstitutional population
    (household survey): (1)
  Labor force participation rate            66. … 
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