[DOCID: f:00au01.txt] 107th Congress, 1st Session Economic Indicators AUGUST 2001 (Includes data available as of September 10, 2001) Prepared for the Joint Economic Committee by the Council of Economic Advisers UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 2001 JOINT ECONOMIC COMMITTEE (Created pursuant to Sec. 5(a) of Public Law 304, 79th Cong.) JIM SAXTON, New Jersey, Chairman JACK REED, Rhode Island, Vice Chairman House of Representatives Senate PAUL RYAN (Wisconsin) EDWARD M. KENNEDY (Massachusetts) LAMAR SMITH (Texas) PAUL S. SARBANES (Maryland) JENNIFER DUNN (Washington) JEFF BINGAMAN (New Mexico) PHIL ENGLISH (Pennsylvania) JON CORZINE (New Jersey) ADAM H. PUTNAM (Florida) ROBERT G. TORRICELLI (New Jersey) PETE STARK (California) ROBERT F. BENNETT (Utah) CAROLYN B. MALONEY (New York) SAM BROWNBACK (Kansas) MELVIN L. WATT (North Carolina) JEFF SESSIONS (Alabama) MIKE CRAPO (Idaho) LINCOLN D. CHAFEE (Rhode Island) Christopher Frenze, Executive Director COUNCIL OF ECONOMIC ADVISERS R. GLENN HUBBARD, Chairman MARK B. McCLELLAN, Member [Public Law 120--81st Congress; Chapter 237--1st Session] JOINT RESOLUTION [S.J. Res. 55] To print the monthly publication entitled ``Economic Indicators'' Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Joint Economic Committee be authorized to issue a monthly publication entitled ``Economic Indicators,'' and that a sufficient quantity be printed to furnish one copy to each Member of Congress; the Secretary and the Sergeant at Arms of the Senate; the Clerk, Sergeant at Arms, and Doorkeeper of the House of Representatives; two copies to the libraries of the Senate and House, and the Congressional Library; seven hundred copies to the Joint Economic Committee; and the required numbers of copies to the Superintendent of Documents for distribution to depository libraries; and that the Superintendent of Documents be authorized to have copies printed for sale to the public. Approved June 23, 1949. Charts prepared by the Art Production Section, Design and Graphics Branch, Office of the Secretary, Department of Commerce. _______________________________________________________________ Economic Indicators, published monthly, is available at $3.00 a single copy ($3.75 foreign), or by subscription at $33.00 per year ($41.25 for foreign mailing) from: SUPERINTENDENT OF DOCUMENTS GOVERNMENT PRINTING OFFICE WASHINGTON, D.C. 20402 _______________________________________________________________ For sale by the U.S. Government Printing Office Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328 TOTAL OUTPUT, INCOME, AND SPENDING GROSS DOMESTIC PRODUCT In the second quarter of 2001, according to revised estimates, current- dollar gross domestic product (GDP) rose 2.4 percent (annual rate), real GDP (GDP in chained 1996 dollars) rose 0.2 percent, and the implicit price deflator rose 2.2 percent. ______________________________________________________________________ ______________________________________________________________________ [Billions of current dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Exports and imports of Government consumption expenditures and gross Personal goods and services investment Gross con- Gross --------------------------------------------------------------------------------- Final Gross Addendum: Period domestic sumption private Federal sales of domestic Gross product expendi- domestic Net ------------------------------ State domestic purchases \1\ national tures investment exports Exports Imports Total National Non- and product product Total defense defense local ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991...................................... 5,986.2 3,971.2 800.2 -20.7 601.6 622.3 1,235.5 527.4 384.5 142.9 708.1 5,986.4 6,006.9 6,010.9 1992...................................... 6,318.9 4,209.7 866.6 -27.9 636.8 664.6 1,270.5 534.5 378.5 156.0 736.0 6,303.9 6,346.8 6,342.3 1993...................................... 6,642.3 4,454.7 955.1 -60.5 658.0 718.5 1,293.0 527.3 364.9 162.4 765.7 6,621.2 6,702.8 6,666.7 1994...................................... 7,054.3 4,716.4 1,097.1 -87.1 725.1 812.1 1,327.9 521.1 355.1 165.9 806.8 6,991.8 7,141.4 7,071.1 1995...................................... 7,400.5 4,969.0 1,143.8 -84.3 818.6 902.8 1,372.0 521.5 350.6 170.9 850.5 7,367.5 7,484.8 7,420.9 1996...................................... 7,813.2 5,237.5 1,242.7 -89.0 874.2 963.1 1,421.9 531.6 357.0 174.6 890.4 7,783.2 7,902.1 7,831.2 1997...................................... 8,318.4 5,529.3 1,390.5 -89.3 966.4 1,055.8 1,487.9 538.2 352.6 185.6 949.7 8,255.5 8,407.7 8,325.4 1998 ..................................... 8,781.5 5,856.0 1,538.7 -151.7 964.9 1,116.7 1,538.5 539.2 349.1 190.1 999.3 8,708.4 8,933.3 8,778.1 1999 ..................................... 9,268.6 6,250.2 1,636.7 -250.9 989.8 1,240.6 1,632.5 564.0 364.5 199.5 1,068.5 9,210.0 9,519.5 9,261.8 2000 ..................................... 9,872.9 6,728.4 1,767.5 -364.0 1,102.9 1,466.9 1,741.0 590.2 375.4 214.8 1,150.8 9,823.6 10,236.9 9,860.8 1998:I ................................... 8,627.8 5,719.9 1,528.7 -122.6 974,1 1,096.7 1,501.8 526.1 338.4 187.7 975.8 8,521.1 8,750.4 8,634.5 II ................................. 8,697.3 5,820.0 1,498.4 -154.9 959.2 1,114.1 1,533.8 542.9 348.8 194.2 990.9 8,656.4 8,852.2 8,700.3 III ................................ 8,816.5 5,895.1 1,538.6 -165.3 946.7 1,112.0 1,548.1 539.5 354.7 184.8 1,008.6 8,747.0 8,981.8 8,802.1 IV ................................. 8,984.5 5,989.1 1,589.3 -164.1 979.7 1,143.8 1,570.3 548.4 354.7 193.7 1,021.9 8,909.1 9,148.6 8,975.4 1999:I ................................... 9,093.1 6,080.7 1,621.3 -199.7 960.2 1,160.0 1,590.9 549.8 356.1 193.6 1,041.1 9,012.9 9,292.9 9,089.5 II ................................. 9,161.4 6,197.1 1,595.7 -241.1 971.3 1,212.4 1,609.6 553.1 354.2 198.9 1,056.5 9,131.3 9,402.5 9,157.0 III ................................ 9,297.4 6,298.4 1,631.7 -273.9 996.6 1,270.5 1,641.2 565.6 366.7 199.0 1,075.6 9,258.4 9,571.4 9,283.8 IV ................................. 9,522.5 6,424.7 1,698.1 -288.7 1,031.0 1,319.7 1,688.3 587.6 381.1 206.5 1,100.7 9,437.6 9,811.2 9,517.0 2000:I ................................... 9,668.7 6,581.9 1,709.0 -333.9 1,059.7 1,393.6 1,711.8 578.5 366.6 211.9 1,133.2 9,637.8 10,002.6 9,650.7 II ................................. 9,857.6 6,674.9 1,792.4 -350.8 1,099.7 1,450.4 1,741.1 601.0 380.4 220.6 1,140.1 9,782.2 10,208.4 9,841.0 III ................................ 9,937.5 6,785.5 1,788.4 -380.6 1,131.1 1,511.8 1,744.2 587.0 372.1 214.9 1,157.2 9,884.9 10,318.1 9,919.4 IV ................................. 10,027.9 6,871.4 1,780.3 -390.6 1,121.0 1,511.6 1,766.8 594.2 382.4 211.8 1,172.6 9,989.2 10,418.5 10,032.1 2001:I ................................... 10,141.7 6,977.6 1,722.8 -363.8 1,117.4 1,481.2 1,805.2 605.3 392.9 212.4 1,199.8 10,167.2 10,505.6 10,131.3 II r................................ 10,201.6 7,047.4 1,667.6 -350.4 1,079.3 1,429.8 1,837.1 609.7 396.1 213.6 1,227.4 10,238.3 10,552.1 10,182.7 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ GDP less exports of goods and services plus imports of goods and services. Source: Department of Commerce, Bureau of Economic Analysis. REAL GROSS DOMESTIC PRODUCT [Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates] ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Gross private domestic Exports and imports of Government consumption expenditures and investment goods and services gross investment ---------------------------------------------------------------------------------------------------------- Final Addendum: Gross Personal con- Nonresi- Change Federal sales of Gross Gross Period domestic sumption dential Resi- in pri- ---------------------------- State domestic domestic national product expenditures fixed dential vate Net Exports Imports Total and product purchases \1\ product invest- fixed inven- exports Total National Non- local ment investment tories defense defense ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1991.............................................................. 6,676.4 4,466.6 610.1 221.1 -1.0 -15.8 613.2 629.0 1,403.4 604.9 438.4 166.0 798.9 6,681.5 6,688.4 6,703.4 1992.............................................................. 6,880.0 4,594.5 630.6 257.2 17.1 -19.8 651.0 670.8 1,410.0 595.1 417.1 177.9 815.3 6,867.7 6,896.4 6,905.8 1993.............................................................. 7,062.6 4,748.9 683.6 276.0 20.0 -59.1 672.7 731.8 1,398.8 572.0 394.7 177.3 827.0 7,043.8 7,120.6 7,087.8 1994.............................................................. 7,347.7 4,928.1 744.6 302.7 66.8 -86.5 732.8 819.4 1,400.1 551.3 375.9 175.5 848.9 7,285.8 7,434.2 7,364.3 1995.............................................................. 7,543.8 5,075.6 817.5 291.7 30.4 -78.4 808.2 886.6 1,406.4 536.5 361.9 174.6 869.9 7,512.2 7,621.8 7,564.0 1996.............................................................. 7,813.2 5,237.5 899.4 313.3 30.0 -89.0 874.2 963.1 1,421.9 531.6 357.0 174.6 890.4 7,783.2 7,902.1 7,831.2 1997.............................................................. 8,159.5 5,423.9 1,009.3 319.7 63.8 -113.3 981.5 1,094.8 1,455.4 529.6 347.7 181.8 925.8 8,095.2 8,271.7 8,168.1 1998 ............................................................. 8,508.9 5,683.7 1,135.9 345.1 76.7 -221.1 1,002.4 1,223.5 1,483.3 525.4 341.6 183.8 957.7 8,431.8 8,721.3 8,508.4 1999 ............................................................. 8,856.5 5,968.4 1,228.6 368.3 62.1 -316.9 1,034.9 1,351.7 1,531.8 536.7 348.6 188.1 994.7 8,792.0 9,154.9 8,853.0 2000 ............................................................. 9,224.0 6,257.8 1,350.7 371.4 50.6 -399.1 1,133.2 1,532.3 1,572.6 545.9 349.0 196.7 1,026.3 9,167.0 9,594.7 9,216.4 1998:I ........................................................... 8,396.3 5,576.3 1,099.5 333.0 113.1 -180.8 1,003.4 1,184.2 1,456.1 515.0 332.0 183.0 940.8 8,286.6 8,571.6 8,405.4 II ......................................................... 8,442.9 5,660.2 1,132.3 340.5 42.0 -223.1 993.1 1,216.2 1,482.6 530.1 342.0 188.0 952.4 8,397.2 8,657.0 8,448.7 III ........................................................ 8,528.5 5,713.7 1,136.6 349.5 71.8 -241.2 987.6 1,228.9 1,489.9 524.9 346.5 178.4 964.7 8,454.9 8,759.7 8,517.6 IV ......................................................... 8,667.9 5,784.7 1,175.4 357.4 80.0 -239.2 1,025.6 1,264.8 1,504.8 531.7 345.8 185.8 972.8 8,588.5 8,896.6 8,662.0 1999:I ........................................................... 8,733.5 5,854.0 1,192.6 366.3 83.4 -283.0 1,007.6 1,290.6 1,512.3 526.7 342.7 183.9 985.2 8,651.2 9,002.3 8,732.9 II ......................................................... 8,771.2 5,936.1 1,214.9 368.9 32.7 -313.4 1,018.0 1,331.4 1,516.8 527.7 339.7 188.0 988.6 8,735.1 9,066.5 8,769.7 III ........................................................ 8,871.5 6,000.0 1,244.6 368.2 39.6 -333.3 1,041.8 1,375.1 1,533.2 537.0 350.0 187.0 995.8 8,825.6 9,184.1 8,861.5 IV ......................................................... 9,049.9 6,083.6 1,262.4 369.7 92.7 -337.8 1,072.1 1,409.8 1,564.8 555.5 361.9 193.6 1,009.1 8,956.3 9,366.5 9,047.9 2000:I ........................................................... 9,102.5 6,171.7 1,309.4 377.3 28.9 -371.1 1,095.5 1,466.6 1,560.4 536.8 342.3 194.4 1,023.0 9,061.6 9,448.5 9,089.1 II ......................................................... 9,229.4 6,226.3 1,347.7 376.5 78.9 -392.8 1,130.6 1,523.4 1,577.2 556.9 354.8 202.0 1,020.1 9,148.5 9,594.5 9,217.7 III ........................................................ 9,260.1 6,292.1 1,371.1 366.3 51.7 -411.2 1,159.3 1,570.6 1,570.0 541.8 345.1 196.5 1,027.6 9,201.3 9,641.5 9,247.2 IV ......................................................... 9,303.9 6,341.1 1,374.5 365.3 42.8 -421.1 1,147.5 1,568.5 1,582.8 547.9 353.8 194.0 1,034.3 9,256.7 9,694.4 9,311.7 2001:I ........................................................... 9,334.5 6,388.5 1,373.9 372.9 -27.1 -404.5 1,144.1 1,548.6 1,603.4 552.2 360.3 191.8 1,050.5 9,347.8 9,710.4 9,329.1 II r........................................................ 9,338.4 6,427.5 1,320.6 378.1 -38.4 -410.5 1,107.4 1,517.9 1,624.5 554.2 362.3 191.9 1,069.3 9,361.8 9,720.4 9,325.8 ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ GDP less exports of goods and services plus imports of goods and services. Note.--Because of the formula used for calculating real GDP, the chained (1996) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. IMPLICIT PRICE DEFLATORS FOR GROSS DOMESTIC PRODUCT [Index numbers, 1996=100; quarterly data are seasonally adjusted] -------------------------------------------------------------------------------------------------------------------------------------------------------- Personal consumption expenditures Gross private Exports and imports Government consumption expenditures -------------------------------------- domestic of goods and and gross investment Gross investment services ------------------------------------ Period domestic Nondura- ------------------------------------------ Federal product Total Durable ble Services Nonresi- Residen- ---------------------------- State goods goods dential tial Exports Imports National Non- and fixed fixed Total defense defense local -------------------------------------------------------------------------------------------------------------------------------------------------------- 1991..................... 89.66 88.91 97.39 93.76 84.82 99.80 86.64 98.10 98.93 87.18 87.70 86.07 88.64 1992..................... 91.84 91.62 98.28 95.20 88.50 99.29 87.69 97.82 99.09 89.82 90.75 87.71 90.28 1993..................... 94.05 93.81 99.06 96.14 91.56 99.81 91.23 97.82 98.18 92.18 92.45 91.58 92.59 1994..................... 96.01 95.70 100.56 96.83 94.16 100.54 94.48 98.94 99.12 94.51 94.49 94.55 95.04 1995..................... 98.10 97.90 101.06 97.93 97.25 100.93 97.91 101.28 101.83 97.21 96.88 97.90 97.77 1996..................... 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1997..................... 101.95 101.94 97.75 101.34 103.12 99.02 102.68 98.47 96.44 101.63 101.41 102.06 102.58 1998 .................... 103.20 103.03 95.40 101.31 105.53 96.95 105.58 96.26 91.27 102.63 102.22 103.41 104.34 1999 .................... 104.65 104.72 93.04 103.67 107.80 95.60 109.57 95.65 91.78 105.08 104.58 106.05 107.42 2000 .................... 107.04 107.52 91.53 107.55 111.10 95.73 114.46 97.33 95.73 108.12 107.56 109.21 112.14 1998:I .................. 102.76 102.58 96.29 101.17 104.61 97.75 104.25 97.08 92.61 102.14 101.92 102.59 103.72 II ................ 103.01 102.82 95.77 100.99 105.25 97.14 105.03 96.58 91.61 102.43 101.98 103.29 104.05 III ............... 103.38 103.17 95.13 101.36 105.81 96.66 105.99 95.86 90.49 102.78 102.37 103.56 104.55 IV ................ 103.65 103.53 94.51 101.69 106.41 96.28 106.92 95.52 90.43 103.15 102.60 104.21 105.04 1999:I .................. 104.12 103.87 93.73 102.16 106.94 96.03 108.05 95.30 89.88 104.38 103.93 105.26 105.68 II ................ 104.45 104.40 93.25 103.27 107.39 95.74 109.12 95.42 91.06 104.80 104.28 105.81 106.87 III ............... 104.80 104.97 92.84 104.12 108.07 95.39 110.11 95.66 92.39 105.32 104.76 106.41 108.01 IV ................ 105.22 105.61 92.42 105.09 108.77 95.29 110.98 96.17 93.61 105.78 105.32 106.67 109.08 2000:I .................. 106.22 106.65 91.99 106.51 109.98 95.53 113.22 96.74 95.03 107.77 107.10 109.05 110.77 II ................ 106.81 107.20 91.80 107.23 110.63 95.59 113.87 97.27 95.21 107.91 107.22 109.21 111.77 III ............... 107.31 107.84 91.29 107.96 111.51 95.90 114.91 97.57 96.26 108.35 107.81 109.37 112.62 IV ................ 107.78 108.36 91.03 108.48 112.23 95.90 115.90 97.70 96.37 108.45 108.08 109.19 113.37 2001:I .................. 108.65 109.22 90.86 109.00 113.52 95.44 117.21 97.67 95.65 109.62 109.05 110.74 114.21 II r............... 109.24 109.65 90.04 109.73 114.10 95.33 117.77 97.46 94.19 110.02 109.34 111.31 114.78 -------------------------------------------------------------------------------------------------------------------------------------------------------- Source: Department of Commerce, Bureau of Economic Analysis. GROSS DOMESTIC PRODUCT AND RELATED PRICE MEASURES: INDEXES AND PERCENT CHANGES [Quarterly data are seasonally adjusted] -------------------------------------------------------------------------------------------------------------------------------------------------------- Index numbers, 1996=100 Percent change from preceding period \1\ ---------------------------------------------------------------------------------------------------------- Real GDP GDP Real GDP Period GDP (chain-type GDP chain- implicit GDP (chain-type GDP chain- GDP implicit (current quantity type price price (current quantity type price price deflator dollars) index) index deflator dollars) index) index -------------------------------------------------------------------------------------------------------------------------------------------------------- 1991 ........................................ 76.62 85.45 89.66 89.66 3.2 -0.5 3.6 3.6 1992 ........................................ 80.88 88.06 91.85 91.84 5.6 3.0 2.4 2.4 1993 ........................................ 85.01 90.39 94.05 94.05 5.1 2.7 2.4 2.4 1994 ........................................ 90.29 94.04 96.01 96.01 6.2 4.0 2.1 2.1 1995 ........................................ 94.72 96.55 98.10 98.10 4.9 2.7 2.2 2.2 1996 ........................................ 100.00 100.00 100.00 100.00 5.6 3.6 1.9 1.9 1997......................................... 106.47 104.43 101.95 101.95 6.5 4.4 1.9 1.9 1998 ........................................ 112.39 108.91 103.20 103.20 5.6 4.3 1.2 1.2 1999 ........................................ 118.63 113.35 104.66 104.65 5.5 4.1 1.4 1.4 2000 ........................................ 126.36 118.06 107.04 107.04 6.5 4.1 2.3 2.3 1996:I....................................... 97.65 98.25 99.40 99.39 5.4 2.9 2.5 2.5 II..................................... 99.61 99.87 99.74 99.74 8.3 6.8 1.4 1.4 III.................................... 100.59 100.37 100.23 100.22 4.0 2.0 2.0 1.9 IV .................................... 102.15 101.51 100.63 100.63 6.4 4.6 1.6 1.7 1997:I....................................... 103.98 102.60 101.36 101.34 7.3 4.4 2.9 2.9 II..................................... 105.97 104.08 101.82 101.82 7.9 5.9 1.9 1.9 III.................................... 107.39 105.16 102.12 102.12 5.5 4.2 1.2 1.2 IV..................................... 108.52 105.88 102.49 102.49 4.2 2.8 1.4 1.4 1998:I....................................... 110.43 107.46 102.76 102.76 7.2 6.1 1.1 1.1 II..................................... 111.32 108.06 103.02 103.01 3.3 2.2 1.0 1.0 III.................................... 112.84 109.16 103.38 103.38 5.6 4.1 1.4 1.4 IV..................................... 114.99 110.94 103.66 103.65 7.8 6.7 1.1 1.1 1999:I....................................... 116.38 111.78 104.10 104.12 4.9 3.1 1.7 1.8 II..................................... 117.26 112.26 104.45 104.45 3.0 1.7 1.4 1.3 III.................................... 119.00 113.55 104.81 104.80 6.1 4.7 1.4 1.4 IV..................................... 121.88 115.83 105.28 105.22 10.0 8.3 1.8 1.6 2000:I....................................... 123.75 116.50 106.25 106.22 6.3 2.3 3.8 3.9 II .................................... 126.17 118.13 106.81 106.81 8.0 5.7 2.1 2.2 III ................................... 127.19 118.52 107.31 107.31 3.3 1.3 1.9 1.9 IV .................................... 128.35 119.08 107.78 107.78 3.7 1.9 1.8 1.8 2001:I ...................................... 129.80 119.47 108.65 108.65 4.6 1.3 3.3 3.3 II r................................... 130.57 119.52 109.25 109.24 2.4 .2 2.2 2.2 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Percent changes based on unrounded data. Quarterly percent changes are at annual rates. Source: Department of Commerce, Bureau of Economic Analysis. NONFINANCIAL CORPORATE BUSINESS-OUTPUT, PRICE, COSTS, AND PROFITS [Quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Gross product of Price, costs, and profits per unit of real output (dollars) nonfinancial ----------------------------------------------------------------------------------------------------- corporate business Unit nonlabor cost Corporate profits with (billions of Price per ------------------------------------------- inventory valuation and dollars) unit of real Compensation capital consumption Period -------------------- gross of employees Indirect adjustments \3\ product of (unit labor Consumption business Net ------------------------------ Current Chained nonfinancial cost) Total of fixed tax, interest Profits Profits dollars (1996) corporate capital etc.\2\ Total tax after dollars business \1\ liability tax \4\ -------------------------------------------------------------------------------------------------------------------------------------------------------- 1991 ......................... 3,150.6 3,381.9 0.932 0.617 0.240 0.105 0.093 0.042 0.075 0.025 0.049 1992 ......................... 3,288.0 3,468.4 .948 .633 .236 .107 .096 .033 .080 .026 .054 1993 ......................... 3,457.6 3,573.8 .967 .641 .236 .108 .098 .030 .091 .029 .062 1994 ......................... 3,737.2 3,801.5 .983 .639 .238 .109 .101 .028 .106 .034 .072 1995 ......................... 3,945.9 3,960.1 .996 .645 .239 .110 .100 .029 .112 .035 .077 1996 ......................... 4,159.5 4,159.5 1.000 .641 .236 .111 .099 .026 .122 .036 .086 1997 ......................... 4,435.1 4,404.2 1.007 .644 .237 .112 .098 .027 .126 .036 .090 1998 ......................... 4,707.1 4,659.1 1.010 .656 .240 .112 .098 .030 .114 .033 .081 1999 ......................... 5,006.1 4,915.1 1.019 .666 .245 .114 .098 .033 .108 .035 .073 2000.......................... 5,380.7 5,220.5 1.031 .677 .248 .116 .099 .033 .105 .036 .070 1998:I ....................... 4,596.8 4,552.7 1.010 .655 .238 .112 .098 .028 .116 .033 .082 II ..................... 4,658.0 4,618.7 1.009 .656 .239 .112 .098 .029 .113 .033 .079 III .................... 4,756.0 4,704.9 1.011 .655 .239 .112 .097 .030 .116 .034 .082 IV ..................... 4,817.4 4,760.0 1.012 .659 .243 .112 .100 .031 .111 .032 .079 1999:I ....................... 4,905.3 4,829.7 1.016 .660 .243 .113 .097 .033 .114 .035 .079 II ..................... 4,958.7 4,867.6 1.019 .666 .244 .114 .097 .033 .109 .035 .074 III .................... 5,029.5 4,934.0 1.019 .669 .247 .115 .098 .034 .103 .034 .069 IV ..................... 5,130.7 5,029.3 1.020 .668 .246 .114 .098 .034 .105 .035 .070 2000:I ....................... 5,252.7 5,117.2 1.027 .671 .248 .115 .099 .034 .108 .037 .071 II ..................... 5,370.1 5,212.2 1.030 .672 .248 .115 .099 .034 .111 .038 .073 III .................... 5,437.1 5,268.0 1.032 .676 .248 .117 .098 .033 .108 .036 .071 IV...................... 5,463.0 5,284.5 1.034 .689 .249 .118 .100 .031 .095 .032 .063 2001:I ....................... 5,496.3 5,293.0 1.038 .698 .253 .120 .101 .032 .088 .029 .059 II p.................... 5,529.2 5,295.7 1.044 .704 .256 .123 .101 .032 .084 .028 .056 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ The deflator for gross product of nonfinancial corporate business divided by 100. \2\ Indirect business tax and nontax liability plus business transfer payments less subsidies. \3\ Unit profits from current production. \4\ With inventory valuation and capital consumption adjustments. Source: Department of Commerce, Bureau of Economic Analysis. NATIONAL INCOME [Billions of dollars; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Proprietors' income Corporate profits with inventory valuation and with inventory Rental capital consumption adjustments valuation and income of -------------------------------------------------------- Compen- capital consumption persons Profits with inventory valuation National sation of adjustments with adjustment and without capital Capital Net Period income employ- ---------------------- capital consumption adjustment consump- interest ees\1\ consump- Total ---------------------------------- tion tion Profits Inventory adjust- Farm Nonfarm adjustment Total before valuation ment tax adjustment -------------------------------------------------------------------------------------------------------------------------------------------------------- 1992 ......................... 4,994.9 3,644.8 32.7 401.7 63.3 453.1 448.8 451.6 -2.8 4.3 399.5 1993 ......................... 5,251.9 3,814.4 30.1 431.7 90.9 510.5 506.4 510.4 -4.0 4.1 374.3 1994 ......................... 5,556.8 4,016.2 31.9 444.6 110.3 573.2 561.0 573.4 -12.4 12.2 380.5 1995 ......................... 5,876.7 4,202.5 22.2 475.5 117.9 668.8 650.2 668.5 -18.3 18.6 389.8 1996 ......................... 6,210.4 4,395.6 34.3 510.5 129.7 754.0 729.4 726.3 3.1 24.6 386.3 1997 ......................... 6,618.4 4,651.3 29.7 551.5 128.3 833.8 800.8 792.4 8.4 32.9 423.9 1998 ......................... 7,041.4 4,989.6 25.6 598.2 138.6 777.4 739.4 721.1 18.3 38.0 511.9 1999 ......................... 7,462.1 5,310.7 26.6 645.4 147.7 825.2 773.4 776.3 -2.9 51.7 506.5 2000 ......................... 7,980.9 5,715.2 30.6 684.4 141.6 876.4 833.0 845.4 -12.4 43.4 532.7 1998:I........................ 6,874.1 4,869.4 24.1 582.9 127.7 787.4 751.8 731.7 20.0 35.6 482.8 II...................... 6,985.5 4,948.9 24.9 592.6 136.1 769.6 733.1 722.8 10.3 36.6 513.2 III..................... 7,108.9 5,029.8 25.4 601.6 144.2 781.9 743.8 723.6 20.2 38.1 526.0 IV...................... 7,197.0 5,110.5 27.9 615.8 146.5 770.8 729.2 706.3 22.9 41.7 525.5 1999:I........................ 7,326.6 5,183.0 27.4 625.7 148.3 832.5 783.5 755.4 28.1 49.0 509.7 II ..................... 7,393.1 5,262.8 27.5 640.5 149.1 810.3 758.2 759.1 -.9 52.2 502.9 III .................... 7,482.1 5,354.9 25.2 652.0 144.4 800.2 748.1 765.8 -17.7 52.1 505.5 IV ..................... 7,646.5 5,442.2 26.2 663.5 149.0 857.6 804.0 825.0 -21.0 53.6 507.9 2000:I........................ 7,796.5 5,562.8 26.5 671.0 144.9 870.3 821.1 844.9 -23.8 49.2 520.9 II ..................... 7,956.1 5,669.9 32.5 685.4 141.4 892.8 847.2 862.0 -14.8 45.5 534.1 III .................... 8,047.2 5,759.3 31.6 687.6 138.3 895.0 854.6 858.3 -3.6 40.4 535.3 IV ..................... 8,124.0 5,868.9 31.7 693.5 141.7 847.6 809.2 816.5 -7.3 38.4 540.6 2001:I........................ 8,169.7 5,955.7 29.8 705.4 139.6 789.8 753.8 755.7 -1.9 36.0 549.4 II r.................... 8,212.3 6,010.2 28.7 717.0 140.8 761.3 729.7 739.4 -9.7 31.6 554.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Includes employer contributions for social insurance. (See also p. 5.) Source: Department of Commerce, Bureau of Economic Analysis. REAL PERSONAL CONSUMPTION EXPENDITURES [Billions of chained (1996) dollars, except as noted; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Durable goods Nondurable goods Services Retail ----------------------------------------------------------------------------------------------------------------------------------- sales of Total new personal passenger Period con- Total Motor Furniture Total Clothing Gaso- Fuel cars and sumption durable vehicles and Other nondura- Food and line oil Other Total Housing Medical light expendi- goods and household ble shoes and and services \1\ care trucks tures parts equipment goods oil coal (millions of units) ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1992 ................................... 4,594.5 479.0 225.7 161.5 94.1 1,389.7 725.6 208.8 112.5 13.2 331.2 2,729.7 719.3 765.4 12.8 1993 ................................... 4,748.9 518.3 242.2 177.4 100.7 1,430.3 745.1 218.5 115.4 14.0 338.5 2,802.5 728.1 775.4 13.9 1994 ................................... 4,928.1 557.7 255.1 196.3 107.6 1,485.1 764.9 231.6 117.4 15.0 356.8 2,886.2 749.1 783.1 15.0 1995 ................................... 5,075.6 583.5 253.4 215.4 115.0 1,529.0 777.0 244.3 120.2 15.7 372.0 2,963.4 763.7 797.7 14.7 1996 ................................... 5,237.5 616.5 256.3 236.9 123.3 1,574.1 786.0 258.6 124.2 15.6 389.8 3,047.0 772.6 814.4 15.0 1997 ................................... 5,423.9 657.3 264.8 261.9 130.8 1,619.9 794.5 271.6 128.1 15.0 410.8 3,147.0 787.2 835.4 15.1 1998 ................................... 5,683.7 726.7 292.0 293.3 141.8 1,686.4 819.4 290.4 131.8 14.3 430.8 3,273.4 808.7 857.7 15.4 1999 ................................... 5,968.4 817.8 327.6 334.7 156.3 1,766.4 847.8 312.1 136.7 14.6 455.9 3,393.2 831.6 877.9 16.8 2000 ................................... 6,257.8 895.5 348.3 377.0 172.8 1,849.9 881.3 335.3 136.6 13.8 484.5 3,527.7 850.1 903.9 17.2 1998:I ................................. 5,576.3 692.5 274.7 281.3 137.0 1,656.3 804.0 286.1 129.5 14.3 422.6 3,228.4 800.0 853.6 14.7 II ............................... 5,660.2 719.7 292.7 286.9 140.2 1,680.5 816.8 290.6 131.2 14.8 427.4 3,262.3 805.8 855.9 16.1 III .............................. 5,713.7 727.1 287.2 297.9 142.8 1,693.6 824.0 289.3 133.0 14.3 433.3 3,295.2 811.7 859.0 14.7 IV ............................... 5,784.7 767.3 313.2 307.2 147.0 1,715.3 832.8 295.8 133.4 13.9 439.7 3,307.6 817.1 862.4 16.3 1999:I ................................. 5,854.0 780.5 312.3 317.7 151.1 1,738.8 834.0 308.1 134.2 15.0 448.2 3,340.8 823.4 867.6 16.2 II ............................... 5,936.1 809.5 328.5 328.5 153.0 1,757.2 843.2 311.5 136.8 15.0 451.6 3,377.8 828.8 874.3 16.7 III .............................. 6,000.0 827.2 331.3 339.8 157.1 1,768.6 848.0 314.0 136.5 14.7 456.1 3,413.7 834.4 881.3 17.0 IV ............................... 6,083.6 854.2 338.5 352.9 164.2 1,801.1 865.9 314.6 139.2 13.8 467.7 3,440.5 839.6 888.4 17.2 2000:I ................................. 6,171.7 892.1 355.2 368.1 170.1 1,823.8 871.2 328.2 135.2 13.6 476.9 3,472.2 843.7 892.2 18.1 II ............................... 6,226.3 886.5 342.9 374.9 171.5 1,844.9 881.5 333.3 136.4 13.9 481.1 3,509.6 848.1 901.7 17.2 III .............................. 6,292.1 904.1 351.2 381.3 174.3 1,864.1 886.2 339.8 137.6 14.0 488.4 3,540.2 851.9 906.9 17.3 IV ............................... 6,341.1 899.4 343.9 383.8 175.4 1,866.8 886.4 339.9 137.2 13.8 491.4 3,588.8 856.6 915.0 16.3 2001:I.................................. 6,388.5 922.4 357.0 391.0 177.5 1,878.0 887.3 342.7 138.9 13.8 497.3 3,605.1 861.3 921.6 16.9 II r.............................. 6,427.5 938.4 362.0 400.6 179.5 1,879.9 886.7 344.1 137.4 12.6 501.6 3,628.1 864.9 931.1 16.6 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes other items, not shown separately. Note.--Because of the formula used for calculating real GDP, the chained (1996) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. SOURCES OF PERSONAL INCOME Personal income rose $43.9 billion (annual rate) in July, following an increase of $30.5 billion in June. Wages and salaries increased $20.9 billion in July, following an increase of $22.4 billion in June. ______________________________________________________________________ ______________________________________________________________________ [Billions of dollars; monthly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Proprietors' Less: income \3\ Personal Total -------------------- Rental Personal Personal con- Period personal Wage and salary Other labor income of dividend interest Transfer tributions income disbursements \1\ income \1\ \2\ persons \4\ income income payments \5\ for Farm Nonfarm social insurance ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1992............................................................... 5,390.4 2,982.6 449.5 32.7 401.7 63.3 185.3 750.1 751.7 226.6 1993............................................................... 5,610.0 3,085.2 482.8 30.1 431.7 90.9 203.0 725.5 798.6 237.8 1994............................................................... 5,888.0 3,236.7 507.5 31.9 444.6 110.3 234.7 742.4 833.9 254.1 1995............................................................... 6,200.9 3,424.7 497.0 22.2 475.5 117.9 254.0 792.5 885.9 268.8 1996............................................................... 6,547.4 3,626.5 490.0 34.3 510.5 129.7 297.4 810.6 928.8 280.4 1997 .............................................................. 6,937.0 3,888.9 475.4 29.7 551.5 128.3 334.9 864.0 962.2 297.9 1998 .............................................................. 7,426.0 4,192.8 490.6 25.6 598.2 138.6 348.3 964.4 983.7 316.3 1999 .............................................................. 7,777.3 4,472.2 509.7 26.6 645.4 147.7 343.1 950.0 1,019.6 337.1 2000 .............................................................. 8,319.2 4,837.2 534.2 30.6 684.4 141.6 379.2 1,000.6 1,069.1 357.7 2000:July ......................................................... 8,344.2 4,858.4 535.4 31.8 682.0 138.4 381.7 1,006.9 1,068.4 358.8 Aug ......................................................... 8,377.4 4,866.4 537.9 31.6 692.1 138.1 385.9 1,009.4 1,074.8 358.8 Sept ........................................................ 8,423.0 4,902.6 540.5 31.5 688.8 138.5 389.8 1,011.3 1,080.6 360.7 Oct ......................................................... 8,478.7 4,946.1 542.9 31.6 690.1 139.4 393.5 1,011.8 1,086.2 362.9 Nov ......................................................... 8,513.5 4,974.0 544.9 31.7 693.7 141.4 396.7 1,013.1 1,082.1 364.2 Dec ......................................................... 8,566.7 4,999.4 547.0 31.9 696.6 144.4 399.7 1,014.4 1,098.6 365.3 2001:Jan .......................................................... 8,604.0 5,022.7 548.2 30.9 700.8 141.5 402.3 1,012.7 1,115.8 370.7 Feb ......................................................... 8,640.2 5,051.8 549.3 30.2 703.5 139.6 404.8 1,010.8 1,122.4 372.2 Mar ......................................................... 8,676.2 5,073.8 550.3 28.4 711.8 137.9 407.2 1,009.1 1,131.0 373.2 Apr r........................................................ 8,700.2 5,092.6 551.3 29.0 712.2 138.9 409.6 1,006.4 1,134.1 374.0 May r........................................................ 8,711.8 5,091.5 552.0 28.9 717.6 141.3 411.9 1,003.7 1,138.4 373.5 June r....................................................... 8,742.3 5,113.9 553.1 28.4 721.2 142.2 414.3 1,001.0 1,142.8 374.5 July p...................................................... 8,786.2 5,134.8 553.9 27.9 722.8 147.5 416.9 998.4 1,159.2 375.4 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ The total of wage and salary disbursements and other labor income differs from compensation of employees (see p. 4) in that it excludes employer contributions for social insurance and the excess of wage accruals over wage disbursements. \2\ Consists primarily of employer contributions to private pension and private welfare funds. \3\ With inventory valuation and capital consumption adjustments. \4\ With capital consumption adjustment. \5\ Consists mainly of social insurance benefits, direct relief, and veterans payments. Source: Department of Commerce, Bureau of Economic Analysis. DISPOSITION OF PERSONAL INCOME According to revised estimates, per capita disposable personal income in chained (1996) dollars rose at an annual rate of 1.5 percent in the second quarter of 2001. ________________________________________________________________________ ________________________________________________________________________ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Dispos- Per capita Per capita able disposable personal Percent Less: personal personal income consumption change in Saving as Personal Equals: Less: Equals: income in ------------------ expenditures real per percent of Population, Period Personal tax and Disposable Personal Personal billions ------------------- capita including Armed income nontax personal outlays \1\ saving of Chained disposable disposable Forces overseas payments income chained Current (1996) Current Chained personal personal (thousands) \2\ (1996) dollars dollars (1996) income income dollars dollars dollars ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Billions of dollars Dollars Percent ---------------------------------------------------------------------------------------------------------------------------------- 1992 ......................................... 5,390.4 635.8 4,754.6 4,340.9 413.7 5,189.3 18,616 20,318 16,482 17,989 2.0 8.7 255,403 1993 ......................................... 5,610.0 674.6 4,935.3 4,584.5 350.8 5,261.3 19,121 20,384 17,259 18,399 .3 7.1 258,107 1994 ......................................... 5,888.0 722.6 5,165.4 4,849.9 315.5 5,397.2 19,820 20,709 18,097 18,910 1.6 6.1 260,616 1995 ......................................... 6,200.9 778.3 5,422.6 5,120.2 302.4 5,539.1 20,613 21,055 18,888 19,294 1.7 5.6 263,073 1996 ......................................... 6,547.4 869.7 5,677.7 5,405.6 272.1 5,677.7 21,385 21,385 19,727 19,727 1.6 4.8 265,504 1997 ......................................... 6,937.0 968.8 5,968.2 5,715.3 252.9 5,854.5 22,262 21,838 20,625 20,232 2.1 4.2 268,087 1998.......................................... 7,426.0 1,070.4 6,355.6 6,054.1 301.5 6,168.6 23,491 22,800 21,644 21,007 4.4 4.7 270,560 1999.......................................... 7,777.3 1,159.2 6,618.0 6,457.2 160.9 6,320.0 24,242 23,150 22,895 21,863 1.5 2.4 272,996 2000.......................................... 8,319.2 1,288.2 7,031.0 6,963.3 67.7 6,539.2 25,528 23,742 24,429 22,721 2.6 1.0 275,423 ---------------------------------------------------------------------------------------------------------------------- Seasonally adjusted annual rates ---------------------------------------------------------------------------------------------------------------------- 1998:I........................................ 7,254.8 1,034.0 6,220.8 5,912.9 307.9 6,064.5 23,072 22,493 21,215 20,682 7.3 4.9 269,623 II...................................... 7,382.8 1,055.4 6,327.4 6,018.2 309.1 6,153.6 23,418 22,775 21,541 20,949 5.1 4.9 270,188 III..................................... 7,490.7 1,083.7 6,407.0 6,095.6 311.4 6,209.9 23,652 22,925 21,763 21,093 2.7 4.9 270,882 IV...................................... 7,575.8 1,108.5 6,467.3 6,189.7 277.6 6,246.6 23,816 23,004 22,055 21,303 1.4 4.3 271,548 1999:I........................................ 7,631.4 1,120.4 6,511.0 6,280.6 230.4 6,268.2 23,931 23,039 22,350 21,516 .6 3.5 272,070 II...................................... 7,719.6 1,142.6 6,577.0 6,401.8 175.2 6,300.0 24,125 23,109 22,732 21,774 1.2 2.7 272,619 III..................................... 7,818.7 1,171.3 6,647.3 6,506.5 140.8 6,332.4 24,321 23,169 23,045 21,953 1.0 2.1 273,315 IV...................................... 7,939.3 1,202.5 6,736.8 6,639.7 97.2 6,379.2 24,589 23,283 23,449 22,205 2.0 1.4 273,980 2000:I........................................ 8,104.4 1,245.3 6,859.1 6,805.7 53.5 6,431.6 24,987 23,430 23,977 22,483 2.5 .8 274,508 II...................................... 8,271.0 1,277.3 6,993.7 6,905.6 88.1 6,523.7 25,426 23,717 24,267 22,636 5.0 1.3 275,059 III..................................... 8,381.5 1,300.2 7,081.3 7,026.9 54.5 6,566.5 25,682 23,814 24,609 22,819 1.6 .8 275,735 IV...................................... 8,519.6 1,329.8 7,189.8 7,115.1 74.7 6,634.9 26,013 24,006 24,861 22,943 3.3 1.0 276,388 2001:I........................................ 8,640.2 1,345.2 7,295.0 7,216.2 78.8 6,679.0 26,335 24,111 25,189 23,062 1.8 1.1 277,011 II r.................................... 8,718.1 1,351.0 7,367.1 7,285.6 81.5 6,719.0 26,534 24,200 25,382 23,150 1.5 1.1 277,650 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes personal consumption expenditures, interest paid by persons, and personal transfer payments to rest of the world (net). \2\ Annual data are averages of quarterly data, which are averages for the period. Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census). FARM INCOME In the second quarter of 2001, according to preliminary estimates, gross farm income rose $1.9 billion (annual rate) and net farm income fell $3.7 billion. ______________________________________________________________________ ______________________________________________________________________ [Billions of dollars; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Income of farm operators from farming ------------------------------------------------------------------------------------------ Gross farm income ----------------------------------------------------------------- Period Cash marketing receipts --------------------------------------- Value of Production Net farm Total \1\ Livestock inventory expenses income Total and Crops changes \2\ products -------------------------------------------------------------------------------------------------------------------------------------------------------- 1992 ........................................................ 200.4 171.3 85.7 85.6 4.2 152.8 47.7 1993 ........................................................ 204.7 177.9 90.4 87.5 -4.2 160.4 44.3 1994 ........................................................ 215.9 181.1 88.2 92.9 8.3 167.1 48.8 1995 ........................................................ 210.7 188.0 87.1 100.8 -5.0 173.8 36.9 1996 ........................................................ 235.7 199.1 92.8 106.3 8.0 180.8 54.9 1997......................................................... 238.5 207.6 96.5 111.2 .6 190.0 48.5 1998......................................................... 231.8 195.8 94.1 101.7 -.6 189.0 42.9 1999......................................................... 235.3 188.1 95.5 92.6 -.2 191.0 44.3 2000......................................................... 241.5 193.6 99.5 94.1 .5 195.1 46.4 1999: I...................................................... 227.5 186.3 95.7 90.6 -.3 197.4 30.1 II..................................................... 229.4 191.1 94.6 96.5 -.3 198.6 30.8 II..................................................... 230.4 195.7 96.2 99.6 -.2 189.7 40.8 IV..................................................... 253.8 179.3 95.6 83.7 -.1 178.2 75.6 2000:I....................................................... 231.8 190.0 98.4 91.6 .6 197.7 34.1 II..................................................... 233.8 195.1 99.0 96.1 .5 202.9 30.8 III.................................................... 239.9 205.3 100.6 104.6 .4 197.5 42.4 IV..................................................... 260.7 184.0 99.9 84.1 .3 182.3 78.4 2001: I...................................................... 245.1 205.1 105.8 99.2 .5 201.0 44.2 II p................................................... 247.0 209.7 110.1 99.6 .5 206.5 40.5 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income furnished by farms. \2\ Physical changes in end-of- year inventory of crop and livestock commodities valued at average prices during the year. Note.--Data include net Commodity Credit Corporation loans and operator households. Quarterly data plotted for 1992 and 1993 in chart do not reflect previous revisions to annual data in table. Data for 2001 are forecasts. Source: Department of Agriculture. CORPORATE PROFITS In the second quarter of 2001, according to preliminary estimates, corporate profits before tax fell $16.3 billion (annual rate) and profits after tax fell $10.5 billion. ______________________________________________________________________ ______________________________________________________________________ [Billions of dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Profits (before tax) with inventory valuation adjustment \1\ Profits after tax ------------------------------------------------------------------------------------- ---------------------------------- Domestic industries -------------------------------------------------------------------------- Profits Tax Inventory Period Nonfinancial before liability Divi- Undistributed valuation Total \2\ ------------------------------------------------------ tax Total dends profits adjustment Total Financial Manufac- Transpor- Whole- Total \3\ turing tation\4\ sale Retail ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991 .................................... 421.1 346.7 120.2 226.5 93.5 53.2 22.0 27.7 416.1 133.6 282.6 178.4 104.1 4.9 1992 .................................... 448.8 380.1 124.8 255.2 93.9 58.5 25.9 33.7 451.6 143.1 308.4 185.5 122.9 -2.8 1993 .................................... 506.4 429.6 127.9 301.7 108.4 69.6 28.2 39.7 510.4 165.4 345.0 203.1 141.9 -4.0 1994 .................................... 561.0 483.7 114.7 369.0 139.6 82.9 33.1 46.6 573.4 186.7 386.7 234.9 151.8 -12.4 1995 .................................... 650.2 558.2 154.3 403.8 166.1 85.8 29.4 44.1 668.5 211.0 457.5 254.2 203.3 -18.3 1996 .................................... 729.4 628.6 165.3 463.3 181.2 91.4 42.6 52.9 726.3 223.6 502.7 297.7 205.0 3.1 1997 .................................... 800.8 690.2 185.7 504.5 195.2 85.0 49.2 63.9 792.4 237.2 555.2 335.2 220.0 8.4 1998..................................... 739.4 637.2 158.4 478.8 164.3 79.1 55.9 73.8 721.1 238.8 482.3 348.7 133.6 18.3 1999..................................... 773.4 658.8 191.0 467.8 163.7 59.0 53.8 77.1 776.3 253.0 523.3 343.5 179.8 -2.9 2000..................................... 833.0 696.3 204.4 491.8 155.2 67.4 60.5 81.8 845.4 271.5 573.9 379.6 194.3 -12.4 1998:I................................... 751.8 642.2 166.8 475.4 165.9 77.5 54.2 71.3 731.7 239.9 491.8 349.4 142.5 20.0 II................................. 733.1 626.7 156.4 470.3 160.1 80.9 55.5 72.3 722.8 237.8 485.0 350.4 134.5 10.3 III................................ 743.8 651.3 155.0 496.4 168.9 87.0 60.4 74.7 723.6 243.6 480.1 348.3 131.8 20.2 IV................................. 729.2 628.5 155.5 473.0 162.2 71.1 53.3 76.7 706.3 234.1 472.2 346.7 125.5 22.9 1999:I................................... 783.5 674.7 183.8 490.9 175.9 66.3 55.7 81.0 755.4 246.2 509.2 342.4 166.8 28.1 II................................. 758.2 648.7 179.9 468.8 169.6 53.0 51.7 80.0 759.1 247.9 511.2 339.7 171.4 -.9 III................................ 748.1 637.5 191.3 446.2 158.4 53.1 48.6 72.5 765.8 250.7 515.1 342.2 172.9 -17.7 IV................................. 804.0 674.4 209.1 465.3 151.1 63.5 59.2 74.9 825.0 267.3 557.7 349.6 208.1 -21.0 2000:I................................... 821.1 700.6 210.0 490.6 167.0 63.8 57.6 83.6 844.9 277.0 567.8 361.5 206.3 -23.8 II................................. 847.2 718.3 200.3 518.0 175.0 67.9 64.9 83.0 862.0 280.4 581.6 373.7 207.9 -14.8 III................................ 854.6 713.6 203.1 510.6 159.4 70.5 63.7 84.5 858.3 274.9 583.4 386.2 197.2 -3.6 IV................................. 809.2 652.4 204.4 448.0 119.4 67.3 55.9 76.3 816.5 253.5 563.0 397.0 165.9 -7.3 2001:I................................... 753.8 613.8 202.2 411.6 90.4 66.4 40.3 84.9 755.7 236.8 518.9 405.2 113.7 -1.9 II p............................... 729.7 592.5 198.2 394.3 ......... ......... ........ ......... 739.4 231.0 508.4 412.3 96.1 -9.7 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ See p. 4 for profits with inventory valuation and capital consumption adjustments. \2\ Includes rest of the world, not shown separately. \3\ Includes industries not shown separately. \4\ Transportation and public utilities. Source: Department of Commerce, Bureau of Economic Analysis. REAL GROSS PRIVATE DOMESTIC INVESTMENT In the second quarter of 2001, according to revised estimates, nonresidential fixed investment in chained (1996) dollars fell $53.3 billion (annual rate) and residential investment rose $5.2 billion. There was a decrease of $38.4 billion in inventories following a decrease of $27.1 billion in the first quarter. ______________________________________________________________________ ______________________________________________________________________ [Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates] -------------------------------------------------------------------------------------------------------------------------------------------------------- Fixed investment Change in private ------------------------------------------------------------- inventories Gross Nonresidential ----------------------- Period private ------------------------------------ domestic Total Equipment Residential investment Total Structures and Total Nonfarm software -------------------------------------------------------------------------------------------------------------------------------------------------------- 1991 .................................................. 829.5 832.5 610.1 210.1 407.2 221.1 -1.0 1.4 1992 .................................................. 899.8 886.5 630.6 197.3 437.5 257.2 17.1 10.7 1993 .................................................. 977.9 958.4 683.6 198.9 487.1 276.0 20.0 28.6 1994 .................................................. 1,107.0 1,045.9 744.6 200.5 544.9 302.7 66.8 53.6 1995 .................................................. 1,140.6 1,109.2 817.5 210.1 607.6 291.7 30.4 42.6 1996 .................................................. 1,242.7 1,212.7 899.4 225.0 674.4 313.3 30.0 22.1 1997 .................................................. 1,393.3 1,328.6 1,009.3 245.4 764.2 319.7 63.8 60.6 1998 .................................................. 1,558.0 1,480.0 1,135.9 262.2 875.4 345.1 76.7 75.0 1999 .................................................. 1,660.1 1,595.4 1,228.6 256.9 978.3 368.3 62.1 63.5 2000 .................................................. 1,772.9 1,716.2 1,350.7 272.8 1,087.4 371.4 50.6 52.3 1998:I ................................................ 1,543.3 1,431.4 1,099.5 255.7 845.0 333.0 113.1 106.7 II .............................................. 1,516.8 1,471.4 1,132.3 264.8 868.6 340.5 42.0 47.4 III ............................................. 1,559.7 1,485.4 1,136.6 263.0 875.1 349.5 71.8 70.8 IV .............................................. 1,612.1 1,531.7 1,175.4 265.1 912.9 357.4 80.0 75.1 1999:I ................................................ 1,641.8 1,558.2 1,192.6 260.7 936.0 366.3 83.4 78.7 II .............................................. 1,617.4 1,582.8 1,214.9 257.9 962.6 368.9 32.7 34.2 III ............................................. 1,655.8 1,610.8 1,244.6 253.2 999.5 368.2 39.6 52.2 IV .............................................. 1,725.4 1,629.7 1,262.4 255.7 1,015.2 369.7 92.7 88.7 2000:I ................................................ 1,722.9 1,683.4 1,309.4 261.1 1,058.3 377.3 28.9 37.8 II .............................................. 1,801.6 1,719.2 1,347.7 268.5 1,089.6 376.5 78.9 75.1 III ............................................. 1,788.8 1,730.1 1,371.1 278.2 1,102.3 366.3 51.7 56.6 IV .............................................. 1,778.3 1,732.1 1,374.5 283.3 1,099.3 365.3 42.8 39.7 2001:I ................................................ 1,721.0 1,740.3 1,373.9 291.7 1,087.7 372.9 -27.1 -27.3 II r............................................. 1,665.4 1,695.9 1,320.6 281.4 1,044.1 378.1 -38.4 -36.0 -------------------------------------------------------------------------------------------------------------------------------------------------------- Note.--See p. 10 for further detail on fixed investment by type. Because of the formula used for calculating real GDP, the chained (1996) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. REAL PRIVATE FIXED INVESTMENT BY TYPE [Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Nonresidential Residential ------------------------------------------------------------------------------------------------------------------------------------------------------ Structures Equipment and software Structures ---------------------------------------------------------------------------------------------------------------- ------------------ Information processing equipment and software Total --------------------------------- Total Period non- Non- resi- Mining Com- Trans- resi- resi- dential exploration, puters Industrial porta- den- Single den- Total \1\ buildings, Utilities shafts, and Total \2\ and equipment tion tial \3\ Total \4\ family tial including wells Total periph- Soft- Other equip- farm eral ware ment equip- ment ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991 .................................... 610.1 210.1 142.7 38.9 20.8 407.2 142.7 15.4 51.4 86.4 99.0 87.7 221.1 215.1 112.3 1992 .................................... 630.6 197.3 129.2 41.8 17.2 437.5 163.0 20.8 58.7 91.5 100.8 92.3 257.2 251.0 135.7 1993 .................................... 683.6 198.9 131.7 38.4 20.5 487.1 183.4 26.4 66.8 96.4 109.6 103.4 276.0 269.4 148.0 1994 .................................... 744.6 200.5 137.2 36.1 19.8 544.9 206.6 32.6 74.3 104.9 119.6 120.4 302.7 295.8 163.2 1995 .................................... 817.5 210.1 147.6 36.8 18.2 607.6 242.8 49.2 82.0 113.1 131.3 128.2 291.7 284.4 147.7 1996 .................................... 899.4 225.0 161.7 36.0 21.1 674.4 287.3 70.9 95.1 121.3 136.4 138.9 313.3 305.6 159.1 1997 .................................... 1,009.3 245.4 177.0 35.3 26.2 764.2 349.8 102.9 119.0 129.8 140.0 150.5 319.7 311.8 158.6 1998 .................................... 1,135.9 262.2 188.3 42.7 25.1 875.4 429.3 147.7 147.1 143.5 145.6 168.2 345.1 336.8 175.9 1999 .................................... 1,228.6 256.9 185.5 45.7 20.0 978.3 506.2 208.6 167.3 157.2 146.4 197.6 368.3 359.3 188.9 2000 .................................... 1,350.7 272.8 194.9 48.5 23.5 1,087.4 609.5 290.3 187.6 186.5 162.6 192.7 371.4 361.8 190.9 1998:I .................................. 1,099.5 255.7 184.1 40.6 24.9 845.0 404.5 132.7 138.8 138.9 148.7 161.2 333.0 325.0 165.6 II ................................ 1,132.3 264.8 189.6 43.0 26.0 868.6 422.5 142.4 144.6 143.0 145.6 166.4 340.5 332.2 172.5 III ............................... 1,136.6 263.0 187.5 43.7 25.9 875.1 433.7 147.7 150.0 144.4 143.3 164.2 349.5 341.2 180.2 IV ................................ 1,175.4 265.1 191.9 43.7 23.7 912.9 456.4 167.7 155.0 147.9 144.8 181.0 357.4 349.0 185.5 1999:I .................................. 1,192.6 260.7 192.0 42.9 20.2 936.0 470.8 182.4 158.9 148.6 143.7 189.5 366.3 357.6 188.3 II ................................ 1,214.9 257.9 186.4 44.4 20.6 962.6 498.0 201.9 164.8 156.0 145.2 192.5 368.9 360.0 187.9 III ............................... 1,244.6 253.2 182.0 46.7 19.2 999.5 520.0 218.5 170.5 160.8 147.4 205.6 368.2 359.1 187.5 IV ................................ 1,262.4 255.7 181.6 48.7 20.1 1,015.2 535.8 231.8 175.0 163.4 149.4 202.8 369.7 360.5 192.1 2000:I .................................. 1,309.4 261.1 188.9 45.2 21.3 1,058.3 573.6 253.9 181.0 178.9 159.0 200.6 377.3 367.8 197.4 II ................................ 1,347.7 268.5 194.0 46.4 22.5 1,089.6 601.5 284.5 183.5 186.5 160.5 200.8 376.5 367.0 195.0 III ............................... 1,371.1 278.2 197.5 49.0 25.3 1,102.3 621.0 305.2 189.7 187.7 165.1 193.2 366.3 356.8 186.2 IV ................................ 1,374.5 283.3 199.1 53.5 24.8 1,099.3 641.8 317.6 196.0 193.2 165.6 176.2 365.3 355.8 185.0 2001:I .................................. 1,373.9 291.7 202.0 56.1 28.3 1,087.7 620.9 314.4 192.9 180.8 170.7 177.4 372.9 363.3 191.1 II r............................... 1,320.6 281.4 190.4 55.1 30.6 1,044.1 588.0 287.5 191.0 165.8 161.0 175.4 378.1 368.5 192.9 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes other structures, not shown separately. \2\ Includes other items, not shown separately. \3\ Includes equipment, not shown separately. \4\ Includes multifamily and other structures, not shown separately. Note.--Because of the formula used for calculating real GDP, the chained (1996) dollar estimates for the detailed components do not add to the chained-dollar value of GDP or to any intermediate aggregates. Source: Department of Commerce, Bureau of Economic Analysis. BUSINESS INVESTMENT [Billions of dollars] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Capital expenditures ----------------------------------------------------------------------------------------------------------------------------------------- By industry ------------------------------------------------------------------------------------------------------------------------ Fores- Pro- try, fess- For Total fish- Trans- Real es- ional, Health com- Period capi- Total ing Manu- porta- Fi- tate scien- care panies tal ex- by and Min- Utili- Con- fac- Whole- Retail tion Infor- nance and tific, and Other with- pendi- indus- agri- ing ties struc- tur- sale trade and ma- and rental and social \1\ out em- tures try cul- tion ing trade ware- tion insur- and tech- assis- ploy- tural hous- ance leasing nical tance ees serv- ing serv- ices ices ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -------------------------------------------------------------- -----------------------------------------------For companies with employees----------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------ 1996.................................................. 807.1 ...... ...... ..... ...... ...... ...... ...... ...... ...... ...... ...... ....... ...... ...... ...... ...... 1997 ................................................. 871.8 ...... ...... ..... ...... ...... ...... ...... ...... ...... ...... ...... ....... ...... ...... ...... ...... 1998.................................................. 970.9 896.5 0.9 40.4 36.0 26.9 203.6 29.2 57.3 51.3 96.5 118.2 85.2 22.3 47.1 81.7 74.4 1999.................................................. 1,038.2 965.8 1.7 30.5 44.6 23.1 196.0 33.4 63.7 55.1 120.2 127.2 97.6 29.3 51.3 92.0 72.3 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes the following industries: Management of companies and enterprises; administrative and support and waste management; educational services; arts, entertainment, and recreation; accommodation and food services; and other services (except public administration). Also includes an item for structure and equipment expenditures serving multiple industry categories. Note.--Data from Annual Capital Expenditures. Industry data for 1998 and 1999 are based on the North American Industry Classification System (NAICS): 1997. Source: Department of Commerce, Bureau of the Census. EMPLOYMENT, UNEMPLOYMENT, AND WAGES STATUS OF THE LABOR FORCE In August, employment fell by 986,000, and unemployment rose by 562,000. ______________________________________________________________________ ______________________________________________________________________ [Thousands of persons 16 years of age and over, except as noted; monthly data seasonally adjusted except as noted by NSA] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Civilian employment Unemployment Percent \2\ ------------------------------------------------------------------ ------------------------------ Civilian Nonagricultural noninstitu- Civilian ----------------------- 15 Not in Employ- Unem- Period tional labor Part time weeks labor Labor force ment/ ploy- population force Total Agricultural for Total and force participation pop- ment NSA Total economic over rate ulation rate reasons \1\ ratio ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991....................................................... 190,925 126,346 117,718 3,269 114,449 5,874 8,628 2,357 64,578 66.2 61.7 6.8 1992....................................................... 192,805 128,105 118,492 3,247 115,245 6,240 9,613 3,408 64,700 66.4 61.5 7.5 1993....................................................... 194,838 129,200 120,259 3,115 117,144 6,230 8,940 3,094 65,638 66.3 61.7 6.9 1994 \3\................................................... 196,814 131,056 123,060 3,409 119,651 4,414 7,996 2,860 65,758 66.6 62.5 6.1 1995....................................................... 198,584 132,304 124,900 3,440 121,460 4,279 7,404 2,363 66,280 66.6 62.9 5.6 1996....................................................... 200,591 133,943 126,708 3,443 123,264 4,123 7,236 2,316 66,647 66.8 63.2 5.4 1997 \4\................................................... 203,133 136,297 129,558 3,399 126,159 3,879 6,739 2,062 66,837 67.1 63.8 4.9 1998 \4\................................................... 205,220 137,673 131,463 3,378 128,025 3,501 6,210 1,637 67,547 67.1 64.1 4.5 1999 \4\................................................... 207,753 139,368 133,488 3,281 130,207 3,189 5,880 1,480 68,385 67.1 64.3 4.2 2000 \4\................................................... 209,699 140,863 135,208 3,305 131,903 3,045 5,655 1,309 68,836 67.2 64.5 4.0 2000:Aug .................................................. 209,935 140,724 134,939 3,317 131,622 3,038 5,785 1,373 69,211 67.0 64.3 4.1 Sept ................................................ 210,161 140,847 135,310 3,356 131,954 3,030 5,537 1,247 69,314 67.0 64.4 3.9 Oct ................................................. 210,378 141,000 135,464 3,241 132,223 3,044 5,536 1,311 69,378 67.0 64.4 3.9 Nov ................................................. 210,577 141,136 135,478 3,176 132,302 3,285 5,658 1,317 69,441 67.0 64.3 4.0 Dec ................................................. 210,743 141,489 135,836 3,274 132,562 3,088 5,653 1,326 69,254 67.1 64.5 4.0 2001:Jan \4\............................................... 210,889 141,955 135,999 3,179 132,819 3,227 5,956 1,371 68,934 67.3 64.5 4.2 Feb.................................................. 211,026 141,751 135,815 3,135 132,680 3,143 5,936 1,490 69,275 67.2 64.4 4.2 Mar.................................................. 211,171 141,868 135,780 3,161 132,618 3,007 6,088 1,517 69,304 67.2 64.3 4.3 Apr.................................................. 211,348 141,757 135,354 3,192 132,162 3,061 6,402 1,499 69,592 67.1 64.0 4.5 May.................................................. 211,525 141,272 135,103 3,193 131,910 3,197 6,169 1,484 70,254 66.8 63.9 4.4 June................................................. 211,725 141,354 134,932 2,995 131,937 3,532 6,422 1,540 70,370 66.8 63.7 4.5 July................................................. 211,921 141,774 135,379 3,045 132,334 3,336 6,395 1,587 70,147 66.9 63.9 4.5 Aug.................................................. 212,135 141,350 134,393 3,117 131,276 3,196 6,957 1,817 70,785 66.6 63.4 4.9 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Persons at work. Economic reasons include slack work, material shortages, inability to find fulltime work, etc. \2\ Civilian labor force (or employment) as percent of civilian noninstitutional population; and unemployment as percent of civilian labor force. \3\ Data beginning January 1994 are not directly comparable with data for earlier periods because of a major redesign of the household survey questionnaire. \4\ Not strictly comparable with earlier data. Note.--Data beginning January 1998, 1999, 2000, and 2001 reflect revised population controls. For details, see February issues, Employment and Earnings. Source: Department of Labor, Bureau of Labor Statistics. SELECTED UNEMPLOYMENT RATES In August, the unemployment rate rose to 4.9 percent from 4.5 percent in July. ______________________________________________________________________ ______________________________________________________________________ [Monthly data seasonally adjusted] -------------------------------------------------------------------------------------------------------------------------------------------------------- Unemployment rate (percent of civilian labor force in group) -------------------------------------------------------------------------------------------------------------------- By sex and age By race By selected groups ---------------------------------------------------------------------------------------------------------- Expe- Period All Men 20 Women Both rienced Married Women civilian years 20 sexes Black wage men, who Full-time Part-time workers and years 16-19 White and Black and spouse maintain workers \1\ workers \1\ over and years other salary present families over workers -------------------------------------------------------------------------------------------------------------------------------------------------------- 1991............................... 6.8 6.4 5.7 18.7 6.1 11.1 12.5 6.6 4.4 9.3 6.8 7.0 1992............................... 7.5 7.1 6.3 20.1 6.6 12.7 14.2 7.2 5.1 10.0 7.5 7.5 1993............................... 6.9 6.4 5.9 19.0 6.1 11.7 13.0 6.6 4.4 9.7 6.9 7.2 1994 \2\........................... 6.1 5.4 5.4 17.6 5.3 10.5 11.5 5.9 3.7 8.9 6.1 6.0 1995............................... 5.6 4.8 4.9 17.3 4.9 9.6 10.4 5.4 3.3 8.0 5.5 6.0 1996............................... 5.4 4.6 4.8 16.7 4.7 9.3 10.5 5.2 3.0 8.2 5.3 5.8 1997............................... 4.9 4.2 4.4 16.0 4.2 8.8 10.0 4.7 2.7 8.1 4.8 5.5 1998............................... 4.5 3.7 4.1 14.6 3.9 7.8 8.9 4.3 2.4 7.2 4.3 5.3 1999............................... 4.2 3.5 3.8 13.9 3.7 7.0 8.0 4.0 2.2 6.4 4.1 5.0 2000............................... 4.0 3.3 3.6 13.1 3.5 6.7 7.6 3.9 2.0 5.9 3.9 4.8 2000:Aug .......................... 4.1 3.3 3.7 14.2 3.6 6.9 7.9 3.9 2.0 6.0 3.9 5.0 Sept ........................ 3.9 3.3 3.5 12.9 3.5 6.2 7.2 3.8 2.1 5.4 3.8 4.6 Oct ......................... 3.9 3.3 3.4 12.6 3.4 6.5 7.4 3.8 2.1 5.4 3.8 4.5 Nov ......................... 4.0 3.4 3.4 13.0 3.5 6.4 7.5 3.8 2.2 5.2 3.9 4.5 Dec ......................... 4.0 3.4 3.4 13.1 3.5 6.4 7.6 3.8 2.2 5.1 3.9 4.6 2001:Jan .......................... 4.2 3.6 3.6 13.8 3.6 7.1 8.4 4.0 2.3 6.4 4.1 4.9 Feb.......................... 4.2 3.5 3.7 13.6 3.7 6.6 7.5 4.1 2.3 6.1 4.0 4.8 Mar.......................... 4.3 3.8 3.6 13.8 3.7 7.3 8.6 4.3 2.5 6.2 4.2 4.8 Apr.......................... 4.5 4.0 3.8 14.2 4.0 7.1 8.2 4.4 2.5 6.3 4.3 5.5 May.......................... 4.4 3.9 3.8 13.6 3.8 7.1 8.0 4.2 2.6 6.2 4.3 4.6 June......................... 4.5 4.0 3.8 14.3 4.0 7.4 8.4 4.5 2.6 6.3 4.4 5.3 July......................... 4.5 3.9 3.9 14.8 4.0 7.0 7.9 4.4 2.6 6.2 4.4 5.1 Aug.......................... 4.9 4.4 4.2 16.1 4.3 8.1 9.1 4.8 2.7 6.7 4.8 5.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Revised definition; for details, see Employment and Earnings, February 1994. \2\ Data beginning January 1994 are not directly comparable with data for earlier periods. Note.--Data relate to persons age 16 years and over. Source: Department of Labor, Bureau of Labor Statistics. SELECTED MEASURES OF UNEMPLOYMENT AND UNEMPLOYMENT INSURANCE PROGRAMS In August, the percentages of the unemployed who had been out of work for less than 5 weeks and for 27 weeks and over rose; the percentages for 5-14 weeks and for 15-26 weeks fell. The mean duration of unemployment rose to 13.3 weeks and the median duration fell to 6.5 weeks. ______________________________________________________________________ ______________________________________________________________________ [Monthly data seasonally adjusted, except as noted] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Duration of unemployment Reason for unemployment: percent State programs Insured -------------------------------------------------- distribution ----------------------- unem- Un- Percent distribution Number of weeks --------------------------------------- ployment, employ- -------------------------------------------------- all Period ment 27 Insured Initial regular (thou- Less 5-14 15-26 weeks Average Job losers Job Reen- New unemployment claims programs sands) than 5 weeks weeks and (mean) Median \1\ leavers trants entrants (unadjust- weeks over ed) \2\ ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Weekly average, thousands ---------------------------------- 1991....................................................... 8,628 40.3 32.4 14.4 12.9 13.7 6.8 54.4 11.6 24.8 9.2 3,342 447 3,406 1992....................................................... 9,613 35.1 29.4 15.1 20.3 17.7 8.7 56.1 10.4 23.8 9.7 3,245 408 3,348 1993....................................................... 8,940 36.5 28.9 14.5 20.1 18.0 8.3 54.2 10.9 24.6 10.3 2,751 341 2,845 1994 \3\................................................... 7,996 34.1 30.1 15.5 20.3 18.8 9.2 47.7 9.9 34.8 7.6 2,670 340 2,739 1995....................................................... 7,404 36.5 31.6 14.6 17.3 16.6 8.3 46.9 11.1 34.1 7.8 2,572 357 2,633 1996....................................................... 7,236 36.4 31.6 14.6 17.4 16.7 8.3 46.6 10.7 34.7 8.0 2,595 356 2,650 1997....................................................... 6,739 37.7 31.7 14.8 15.8 15.8 8.0 45.1 11.8 34.7 8.4 2,323 323 2,366 1998....................................................... 6,210 42.2 31.4 12.3 14.1 14.5 6.7 45.5 11.8 34.3 8.4 2,222 321 2,257 1999....................................................... 5,880 43.7 31.2 12.8 12.3 13.4 6.4 44.6 13.3 34.1 8.0 2,188 298 2,219 2000....................................................... 5,655 45.0 31.9 11.8 11.4 12.6 5.9 44.1 13.7 34.6 7.6 2,110 301 2,142 2000:Aug .................................................. 5,785 44.5 31.7 11.7 12.1 13.0 6.1 44.6 13.5 33.3 8.7 2,165 313 1,932 Sept ................................................ 5,537 45.5 31.8 11.2 11.4 12.1 5.3 45.6 13.8 32.8 7.8 2,165 307 1,767 Oct ................................................. 5,536 45.0 31.5 12.6 10.9 12.4 6.1 44.3 14.7 33.8 7.2 2,188 313 1,898 Nov ................................................. 5,658 44.8 31.8 12.6 10.7 12.4 6.1 44.4 13.6 34.4 7.6 2,277 344 1,943 Dec ................................................. 5,653 43.4 33.0 12.0 11.6 12.6 6.1 44.7 13.3 33.8 8.3 2,365 355 2,385 2001:Jan .................................................. 5,956 43.8 33.2 12.3 10.7 12.6 5.9 45.8 14.0 32.7 7.4 2,350 330 3,108 Feb.................................................. 5,936 47.0 28.0 13.3 11.7 12.9 6.0 47.8 13.7 32.3 6.2 2,414 355 3,050 Mar.................................................. 6,088 43.2 32.2 13.2 11.4 13.0 6.5 48.8 13.4 31.4 6.4 2,505 378 2,829 Apr.................................................. 6,402 46.0 30.7 11.8 11.5 12.6 5.8 49.9 11.7 31.3 7.2 2,636 405 2,966 May.................................................. 6,169 43.3 32.8 13.8 10.2 12.2 6.5 50.4 13.1 28.8 7.7 2,825 409 r 2,534 June................................................. 6,422 43.7 32.4 12.5 11.4 13.0 6.2 50.8 12.5 29.4 7.4 2,995 410 r 2,644 July................................................. 6,395 41.1 33.9 14.7 10.3 12.5 6.7 51.0 12.1 30.0 6.8 3,058 395 2,917 Aug.................................................. 6,957 43.4 30.3 14.2 12.1 13.3 6.5 49.0 12.8 31.1 7.1 ............ p 397 .......... ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Beginning January 1994, job losers and persons who completed temporary jobs. \2\ Includes State (50 States, District of Columbia, Puerto Rico, and Virgin Islands), ex-servicemen (UCX), and Federal (UCFE). Railroad (RR) programs included through 1993. Also includes Federal and State extended benefit programs. Does not include Federal supplemental compensation or Emergency Unemployment Compensation programs. \3\ Data beginning January 1994 are not directly comparable with data for earlier periods. Note.--Data relate to persons age 16 years and over (except for insured unemployment and initial claims). Source: Department of Labor (Bureau of Labor Statistics and Employment and Training Administration). NONAGRICULTURAL EMPLOYMENT Total nonagricultural employment as measured by the payroll survey fell by 113,000 in August. ______________________________________________________________________ ______________________________________________________________________ [Thousands of wage and salary workers; \1\ monthly data seasonally adjusted] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Goods-producing industries Service-producing industries Total ----------------------------------------------------------------------------------------------------------------------------------------- nonagri- Manufacturing Government Period cultural --------------------------- Transportation Finance, ----------------- employ- Total \2\ Construction Non- Total and public Wholesale Retail insurance, Services ment Total Durable durable utilities trade trade and real Total Federal goods goods estate ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1991....................................... 108,249 23,745 4,650 18,406 10,569 7,837 84,504 5,755 6,081 19,284 6,646 28,336 18,402 2,966 1992....................................... 108,601 23,231 4,492 18,104 10,277 7,827 85,370 5,718 5,997 19,356 6,602 29,052 18,645 2,969 1993....................................... 110,713 23,352 4,668 18,075 10,221 7,854 87,361 5,811 5,981 19,773 6,757 30,197 18,841 2,915 1994....................................... 114,163 23,908 4,986 18,321 10,448 7,873 90,256 5,984 6,162 20,507 6,896 31,579 19,128 2,870 1995....................................... 117,191 24,265 5,160 18,524 10,683 7,841 92,925 6,132 6,378 21,187 6,806 33,117 19,305 2,822 1996 ...................................... 119,608 24,493 5,418 18,495 10,789 7,706 95,115 6,253 6,482 21,597 6,911 34,454 19,419 2,757 1997....................................... 122,690 24,962 5,691 18,675 11,010 7,665 97,727 6,408 6,648 21,966 7,109 36,040 19,557 2,699 1998 ...................................... 125,865 25,414 6,020 18,805 11,205 7,600 100,451 6,611 6,800 22,295 7,389 37,533 19,823 2,686 1999....................................... 128,916 25,507 6,415 18,552 11,111 7,441 103,409 6,834 6,911 22,848 7,555 39,055 20,206 2,669 2000....................................... 131,759 25,709 6,698 18,469 11,138 7,331 106,050 7,019 7,024 23,307 7,560 40,460 20,681 2,777 2000:Aug................................... 131,837 25,727 6,699 18,485 11,172 7,313 106,110 6,963 7,037 23,348 7,549 40,613 20,600 2,653 Sept................................. 132,046 25,696 6,728 18,421 11,129 7,292 106,350 7,062 7,042 23,371 7,556 40,736 20,583 2,623 Oct.................................. 132,145 25,713 6,758 18,404 11,126 7,278 106,432 7,076 7,059 23,380 7,569 40,767 20,581 2,622 Nov.................................. 132,279 25,711 6,781 18,382 11,120 7,262 106,568 7,093 7,070 23,395 7,575 40,845 20,590 2,620 Dec.................................. 132,367 25,688 6,791 18,349 11,102 7,247 106,679 7,108 7,068 23,406 7,582 40,901 20,614 2,613 2001:Jan................................... 132,428 25,633 6,826 18,257 11,031 7,226 106,795 7,106 7,067 23,415 7,594 40,984 20,629 2,613 Feb.................................. 132,595 25,627 6,880 18,192 10,997 7,195 106,968 7,123 7,064 23,472 7,609 41,020 20,680 2,615 Mar.................................. 132,654 25,602 6,929 18,116 10,941 7,175 107,052 7,127 7,066 23,457 7,618 41,073 20,711 2,613 Apr ................................. 132,489 25,421 6,852 18,009 10,870 7,139 107,068 7,119 7,053 23,530 7,626 40,993 20,747 2,615 May ................................. 132,530 25,324 6,881 17,879 10,778 7,101 107,206 7,130 7,038 23,546 7,644 41,078 20,770 2,612 June r............................... 132,431 25,186 6,864 17,757 10,692 7,065 107,245 7,118 7,022 23,561 7,631 41,085 20,828 2,621 July r............................... 132,444 25,125 6,873 17,686 10,620 7,066 107,319 7,113 7,019 23,596 7,617 41,051 20,923 2,626 Aug p................................ 132,331 24,989 6,878 17,545 10,532 7,013 107,342 7,089 7,017 23,570 7,623 41,123 20,920 2,619 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Includes all full- and part- time wage and salary workers in nonagricultural establishments who received pay for any part of the pay period which includes the 12th of the month. Excludes proprietors, self-employed persons, domestic servants, and personnel of the Armed Forces. Total in this table not comparable with estimates of nonagricultural employment of the civilian labor force, shown on p. 11, which include proprietors, self- employed persons, and domestic servants; which count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off; and which are based on a sample of the working-age population, whereas the estimates in this table are based on reports from employing establishments. In the series shown here, persons who work at more than one job are counted each time they appear on a payroll, in contrast to the series shown on p. 11, where persons are counted only once--as employed, unemployed, or not in the labor force. \2\ Includes mining, not shown separately. Source: Department of Labor, Bureau of Labor Statistics. AVERAGE WEEKLY HOURS, HOURLY EARNINGS, AND WEEKLY EARNINGS PRIVATE NONAGRICULTURAL INDUSTRIES [For production or nonsupervisory workers; monthly data seasonally adjusted] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Average weekly hours Average gross hourly earnings Average gross weekly earnings ----------------------------------------------------------------------------------------------------------------------------------------------------------- Manufacturing Total private Total private Current dollars Percent change -------------------- nonagricultural \1\ nonagricultural \1\ --------------------------------------- from a year Total ------------------------ ------------------------ earlier, total Period private private nonagri- Manufacturing 1982 Retail nonagricultural cultural \1\ Total Overtime Current 1982 Current dollars \2\ Manufacturing Construction trade ------------------- dollars dollars \2\ dollars Current 1982