<table class="regular" id="BLStable_2021_12_14_14_19" style="width: 95%;"><caption><span class="tableTitle">Chart 8. Opening-to-closing and expanding-to-contracting wage ratios, third quarter 1992 to first quarter 2020</span></caption>
<thead>
<tr>
<th style="vertical-align: middle; min-width: 80px;" rowspan="1" scope="col">Quarter</th>
<th scope="col">Opening-to-closing wage ratio</th>
<th scope="col">Expanding-to-contracting wage ratio</th>
</tr>
</thead>
<tbody>
<tr>
<th scope="row">
<p>Q3 1992</p>
</th>
<td>1.02</td>
<td>0.95</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1992</p>
</th>
<td>0.95</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1993</p>
</th>
<td>1.17</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1993</p>
</th>
<td>1.04</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1993</p>
</th>
<td>1.07</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1993</p>
</th>
<td>0.93</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1994</p>
</th>
<td>1.17</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1994</p>
</th>
<td>1.08</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1994</p>
</th>
<td>1.09</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1994</p>
</th>
<td>0.93</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1995</p>
</th>
<td>1.15</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1995</p>
</th>
<td>1.07</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1995</p>
</th>
<td>1.08</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1995</p>
</th>
<td>0.98</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1996</p>
</th>
<td>1.15</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1996</p>
</th>
<td>1.05</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1996</p>
</th>
<td>1.14</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1996</p>
</th>
<td>0.95</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1997</p>
</th>
<td>1.17</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1997</p>
</th>
<td>1.05</td>
<td>1.01</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1997</p>
</th>
<td>1.07</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1997</p>
</th>
<td>1.00</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1998</p>
</th>
<td>1.14</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1998</p>
</th>
<td>1.06</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1998</p>
</th>
<td>1.09</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1998</p>
</th>
<td>1.05</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q1 1999</p>
</th>
<td>1.12</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 1999</p>
</th>
<td>1.12</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q3 1999</p>
</th>
<td>1.11</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 1999</p>
</th>
<td>0.97</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2000</p>
</th>
<td>1.23</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2000</p>
</th>
<td>1.11</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2000</p>
</th>
<td>1.09</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2000</p>
</th>
<td>1.08</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2001</p>
</th>
<td>1.19</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2001</p>
</th>
<td>1.03</td>
<td>0.96</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2001</p>
</th>
<td>1.05</td>
<td>0.95</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2001</p>
</th>
<td>1.03</td>
<td>0.93</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2002</p>
</th>
<td>1.12</td>
<td>0.94</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2002</p>
</th>
<td>1.06</td>
<td>0.95</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2002</p>
</th>
<td>1.04</td>
<td>0.95</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2002</p>
</th>
<td>1.05</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2003</p>
</th>
<td>1.11</td>
<td>0.96</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2003</p>
</th>
<td>1.07</td>
<td>0.96</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2003</p>
</th>
<td>1.09</td>
<td>0.96</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2003</p>
</th>
<td>1.07</td>
<td>0.96</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2004</p>
</th>
<td>1.13</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2004</p>
</th>
<td>1.11</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2004</p>
</th>
<td>1.05</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2004</p>
</th>
<td>1.12</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2005</p>
</th>
<td>1.08</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2005</p>
</th>
<td>1.09</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2005</p>
</th>
<td>1.19</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2005</p>
</th>
<td>1.13</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2006</p>
</th>
<td>1.12</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2006</p>
</th>
<td>1.15</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2006</p>
</th>
<td>1.11</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2006</p>
</th>
<td>1.16</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2007</p>
</th>
<td>1.11</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2007</p>
</th>
<td>1.11</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2007</p>
</th>
<td>1.13</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2007</p>
</th>
<td>1.10</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2008</p>
</th>
<td>1.11</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2008</p>
</th>
<td>1.10</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2008</p>
</th>
<td>1.04</td>
<td>0.96</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2008</p>
</th>
<td>1.06</td>
<td>0.93</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2009</p>
</th>
<td>1.02</td>
<td>0.89</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2009</p>
</th>
<td>1.01</td>
<td>0.88</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2009</p>
</th>
<td>0.97</td>
<td>0.94</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2009</p>
</th>
<td>1.13</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2010</p>
</th>
<td>1.06</td>
<td>0.97</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2010</p>
</th>
<td>1.17</td>
<td>0.96</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2010</p>
</th>
<td>1.04</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2010</p>
</th>
<td>1.13</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2011</p>
</th>
<td>1.07</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2011</p>
</th>
<td>1.07</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2011</p>
</th>
<td>1.18</td>
<td>1.01</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2011</p>
</th>
<td>1.12</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2012</p>
</th>
<td>0.87</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2012</p>
</th>
<td>1.06</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2012</p>
</th>
<td>1.09</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2012</p>
</th>
<td>1.09</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2013</p>
</th>
<td>1.03</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2013</p>
</th>
<td>1.17</td>
<td>0.96</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2013</p>
</th>
<td>1.09</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2013</p>
</th>
<td>1.14</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2014</p>
</th>
<td>1.02</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2014</p>
</th>
<td>1.10</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2014</p>
</th>
<td>1.04</td>
<td>1.01</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2014</p>
</th>
<td>1.17</td>
<td>1.01</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2015</p>
</th>
<td>0.99</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2015</p>
</th>
<td>1.11</td>
<td>0.97</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2015</p>
</th>
<td>1.00</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2015</p>
</th>
<td>1.14</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2016</p>
</th>
<td>0.93</td>
<td>0.98</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2016</p>
</th>
<td>1.05</td>
<td>0.98</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2016</p>
</th>
<td>1.13</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2016</p>
</th>
<td>1.08</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2017</p>
</th>
<td>1.00</td>
<td>0.99</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2017</p>
</th>
<td>1.08</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2017</p>
</th>
<td>1.07</td>
<td>1.02</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2017</p>
</th>
<td>1.15</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2018</p>
</th>
<td>1.00</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2018</p>
</th>
<td>1.08</td>
<td>1.02</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2018</p>
</th>
<td>1.06</td>
<td>1.01</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2018</p>
</th>
<td>1.16</td>
<td>1.00</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2019</p>
</th>
<td>0.96</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q2 2019</p>
</th>
<td>1.10</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q3 2019</p>
</th>
<td>1.06</td>
<td>1.00</td>
</tr>
<tr class="greenbar">
<th scope="row">
<p>Q4 2019</p>
</th>
<td>1.15</td>
<td>0.99</td>
</tr>
<tr>
<th scope="row">
<p>Q1 2020</p>
</th>
<td>1.13</td>
<td>1.02</td>
</tr>
</tbody>
<tfoot id="BLStable_2021_12_14_14_19_footnotes" style="display: table-footer-group;">
<tr class="footnotes">
<td class="footnotes" colspan="3">
<p>Source: U.S. Bureau of Labor Statistics.</p>
</td>
</tr>
</tfoot>
</table>
<p></p>