"c VAR 0323 08142 TWEN FIV R 920-948 MD= 1E-37 " "c REF 0323 LOC 141 WIDTH 9 DK 3 COL 35-43 " "c EXP DEC= 3 " "c " "c AVERAGE HOURLY EARNINGS, TWENTY-FIVE MANUFACTURING " "c INDUSTRIES, NATIONAL INDUSTRIAL CONFERENCE BOARD " "c -------------------------------------------------- " "c " "c NBER SERIES: 08142 " "c AREA COVERED: U.S. " "c UNITS: DOLLARS PER HOUR " "c ANNUAL COVERAGE: NONE " "c QUARTERLY COVERAGE: NONE " "c MONTHLY COVERAGE: 01/1920-07/1948 " "c SEASONAL ADJUSTMENT: NONE " "c SOURCE: FOR 1920-1933, NATIONAL INDUSTRIAL CONFERENCE BOARD " "c STUDY NO. 229,"WAGES, HOURS, AND EMPLOYMENT IN THE UNITED " "c STATES: 1914-1936"; FOR 1934-1939, THE CONFERENCE ECONOMIC " "c RECORD, MARCH, 1940 (VOLUME II, NO. 10); FOR 1940, THE " "c CONFERENCE BOARD ECONOMIC RECORD; FOR 1941-1948, THE 1942 " "c AND FOLLOWING YEARS' CONFERENCE BOARD MANAGEMENT RECORD. " "c " "c NOTES: JANUARY, 1920 TO MAY, 1920 AND JANUARY, 1922 TO " "c JUNE, 1922 WERE ESTIMATED BY NBER FROM CREAMER'S WAGE RATE " "c INDEX. SEE NBER OCCASIONAL PAPER NO. 34,"BEHAVIOR OF WAGE " "c RATES" (TABLE A). " "c " "c CHECKED MANUALLY; NO CORRECTIONS NECESSARY. " "c " "c ............................................................... " -12 1920.01 1948.12 0.542000 0.553000 0.562000 0.569000 0.584000 0.603000 0.602000 0.606000 0.611000 0.611000 0.608000 0.601000 0.581000 0.566000 0.553000 0.545000 0.533000 0.526000 0.512000 0.507000 0.499000 0.492000 0.490000 0.486000 0.488000 0.482000 0.479000 0.477000 0.478000 0.479000 0.478000 0.483000 0.495000 0.500000 0.503000 0.505000 0.503000 0.508000 0.512000 0.530000 0.548000 0.549000 0.548000 0.551000 0.560000 0.561000 0.560000 0.561000 0.559000 0.561000 0.562000 0.562000 0.562000 0.558000 0.561000 0.560000 0.567000 0.563000 0.564000 0.563000 0.560000 0.559000 0.562000 0.564000 0.564000 0.562000 0.559000 0.559000 0.560000 0.562000 0.560000 0.562000 0.559000 0.562000 0.565000 0.566000 0.568000 0.570000 0.568000 0.568000 0.573000 0.573000 0.575000 0.572000 0.571000 0.575000 0.573000 0.576000 0.577000 0.578000 0.577000 0.578000 0.580000 0.580000 0.575000 0.575000 0.573000 0.573000 0.577000 0.579000 0.578000 0.578000 0.577000 0.580000 0.585000 0.588000 0.581000 0.580000 0.585000 0.587000 0.586000 0.590000 0.592000 0.590000 0.587000 0.590000 0.594000 0.593000 0.592000 0.590000 0.592000 0.592000 0.592000 0.595000 0.591000 0.590000 0.590000 0.591000 0.589000 0.585000 0.582000 0.579000 0.578000 0.573000 0.574000 0.574000 0.571000 0.567000 0.564000 0.568000 0.562000 0.554000 0.541000 0.540000 0.540000 0.527000 0.522000 0.513000 0.508000 0.495000 0.490000 0.486000 0.480000 0.474000 0.469000 0.467000 0.466000 0.462000 0.459000 0.460000 0.453000 0.450000 0.456000 0.507000 0.536000 0.542000 0.546000 0.550000 0.552000 0.556000 0.562000 0.581000 0.585000 0.585000 0.587000 0.587000 0.589000 0.591000 0.592000 0.590000 0.591000 0.592000 0.594000 0.597000 0.599000 0.601000 0.601000 0.604000 0.603000 0.602000 0.605000 0.604000 0.610000 0.609000 0.612000 0.615000 0.617000 0.619000 0.618000 0.618000 0.620000 0.620000 0.626000 0.638000 0.639000 0.643000 0.662000 0.692000 0.701000 0.708000 0.712000 0.715000 0.716000 0.718000 0.716000 0.715000 0.714000 0.714000 0.720000 0.718000 0.718000 0.719000 0.714000 0.714000 0.715000 0.715000 0.714000 0.713000 0.713000 0.713000 0.716000 0.718000 0.719000 0.722000 0.721000 0.720000 0.722000 0.724000 0.727000 0.730000 0.727000 0.728000 0.731000 0.734000 0.737000 0.740000 0.740000 0.741000 0.742000 0.744000 0.747000 0.754000 0.759000 0.764000 0.769000 0.784000 0.799000 0.818000 0.822000 0.828000 0.845000 0.853000 0.860000 0.868000 0.878000 0.880000 0.888000 0.896000 0.906000 0.917000 0.928000 0.940000 0.957000 0.958000 0.966000 0.970000 0.979000 0.982000 0.987000 0.998000 1.00900 1.01600 1.02000 1.02000 1.03600 1.03600 1.04100 1.04500 1.04600 1.04800 1.05300 1.05700 1.06200 1.06900 1.07200 1.07000 1.08000 1.07900 1.07900 1.08600 1.09500 1.09500 1.10100 1.10100 1.10000 1.11100 1.10600 1.10300 1.08500 1.07900 1.08800 1.10200 1.10700 1.12900 1.14600 1.16500 1.18000 1.18900 1.19400 1.21700 1.22900 1.23100 1.24300 1.24700 1.26800 1.27900 1.28500 1.30400 1.32900 1.34700 1.35400 1.36700 1.38300 1.38600 1.39500 1.40100 1.40600 1.41200 1.41700 1.42300 1.43300 1.45100 1.47400 NA NA NA NA NA