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Table 2: Increases in Capital and Labor in Air Transportation

Table 2: Increases in Capital and Labor in Air Transportation

(Annual Percentage Rates)

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Year Index of Labor Hours
(1)
Index of Capital
(2)
Index of Capital per Labor Hour
(3)
Growth of Labor Hours
(4)
Growth of Capital
(5)
Growth of Capital per Labor Hour
(6)
Period
(7)
Growth of Capital per Labor Hour
(8)
1990 100.0 100.0 100.0          
1991 97.0 103.1 106.3 −3.0 3.1 6.3    
1992 98.9 101.3 102.4 2.0 −1.7 −3.6    
1993 98.0 105.3 107.4 −0.9 3.9 4.9    
1994 97.4 112.2 115.2 −0.6 6.6 7.2    
1995 96.7 113.9 117.8 −0.7 1.5 2.3 1990-1995 3.3
1996 99.7 117.0 117.4 3.1 2.7 −0.4    
1997 102.9 120.5 117.1 3.2 3.0 −0.2    
1998 107.8 125.9 116.8 4.8 4.5 −0.3    
1999 112.4 131.4 116.9 4.3 4.4 0.1    
2000 119.3 139.3 116.8 6.1 6.0 −0.1 1995-2000 −0.2
2001 119.1 145.5 122.2 −0.2 4.5 4.6 1995-2001 0.6

Source: For index numbers of labor hours and capital, Bureau of Labor Statistics internet site: ftp://ftp.bls.gov/pub/special.requests/opt/dipts/indmfp3.txt. The index of capital per per labor hour and the growth rates were computed by the author.