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        2007

                                                                  II

           Employment data

Employment status of the civilian
  noninstitutional population
  (household survey): (1)
    Labor force participation rate       66.0        66.0        66.0
    Employment-population ratio          63.0        62.2        63.0
    Unemployment rate                     4.6         5.8         4.5
      Men                                 4.7         6.1         4.6
        16 to 24 years                   11.6        14.4        11.5
        25 years and older                3.6         4.8         3.5
      Women                               4.5         5.4         4.4
        16 to 24 years                    9.4        11.2         9.0
        25 years and older                3.6         4.4         3.6

Employment, nonfarm (payroll data), in thousands: (1)
  Total nonfarm                      137,598     137,066     137,645
        Total private                115,380     114,566     115,400
    Goods-producing                   22,233      21,419      22,289
      Manufacturing                   13,879      13,431      13,889
    Service-providing                115,366     115,646     115,356
  Average hours:
    Total private                        33.9        33.6        33.9
      Manufacturing                      41.2        40.8        41.3
        Overtime                          4.2         3.7         4.3

Employment Cost Index (1, 2, 3)

  Total compensation:
    Civilian nonfarm (4)                  3.3         2.6         0.8
      Private nonfarm                     3.0         2.4         0.9
        Goods-producing (5)               2.4         2.4         1.0
        Service-providing (5)             3.2         2.5         0.9
    State and local government            4.1         3.0         0.6

Workers by bargaining status (private nonfarm):
  Union                                   2.0         2.8         1.2
  Nonunion                                3.2         2.4         0.9

Selected indicators                             2007              2008

                                           III         IV           I

           Employment data

Employment status of the civilian
  noninstitutional population
  (household survey): (1)
    Labor force participation rate       65.9        66.0        66.0
    Employment-population ratio          62.9        62.8        62.8
    Unemployment rate                     4.7         4.8         4.9
      Men                                 4.8         4.9         5.1
        16 to 24 years                   11.8        12.1        12.7
        25 years and older                3.6         3.7         3.9
      Women                               4.6         4.7         4.8
        16 to 24 years                    9.7         9.9        10.1
        25 years and older                3.7         3.8         3.9

Employment, nonfarm (payroll data), in thousands: (1)
  Total nonfarm                      137,652     138,152     137,814
        Total private                115,389     115,783     115,373
    Goods-producing                   22,099      22,043      21,800
      Manufacturing                   13,796      13,777      13,643
    Service-providing                115,553     116,109     116,014
  Average hours:
    Total private                        33.8        33.8        33.8
      Manufacturing                      41.3        41.2        41.2
        Overtime                          4.1         4.1         4.0

Employment Cost Index (1, 2, 3)

  Total compensation:
    Civilian nonfarm (4)                  1.0          .6          .8
      Private nonfarm                      .8          .6          .9
        Goods-producing (5)                .5          .6         1. … 
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