December 27, 2000
The retail equivalent value of quality changes in model year 2001 domestic light trucks averaged $298.62. This change represented 66.3 percent of the over-the-year increase in manufacturers’ suggested retail prices.
The $298.62 retail value of quality change breaks down as follows:
-- $9.42 for federally mandated safety improvements such as child seat tethers and head impact protection;
-- $90.78 for changes in accordance with 1990 Clean Air Act Amendments;
-- $198.42 for non-mandated quality changes such as powertrain improvements, theft protection, safety improvements, and changes in levels of standard or optional equipment.
These data are a product of the BLSProducer Price Index program. Learn more in "Report on Quality Changes for 2001 Model Vehicles," news release USDL 00-331 (PDF 11K). The estimates on the value of quality changes were based on a sample of 20 model-year 2001 domestic light trucks included in the Producer Price Index for October.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Non-mandated improvements account for most of light truck quality change on the Internet at http://www.bls.gov/opub/ted/2000/dec/wk4/art02.htm (visited May 05, 2016).
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.