January 1974

Name: January 1974
Creator: FRASER
Keywords: Economic Data, Employment, Statistics, Labor market, United States

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U S DEPARTMENT OF LABOR m BUREAU OF LABOR STATISTICS USDL 74 51 FOR RELEASE Transmission Embargo 10 00 A M EDT Friday February Washington D C 20212 J Bregger K Hoyle home THE EMPLOYMENT SITUATION JANUARY 1974 Unemployment rose in January and the number of jobs on nonfarm payrolls declined it was announced today by the Bureau of Labor Statistics of the U S Department of Labor The unemployment rate increased to 5 2 percent from a revised December rate of 4 8 percent As is usual in January the seasonally adjusted house hold survey data have been revised based on seasonal factors through December 1973 see the note on page 6 Nonfarm payroll employment as measured by the establishment survey which had exhibited exceptional growth during much of 1973 leveled off in December 1973 and dropped by in January 1974 This decline was caused to some degree by actual or anticipated shortages of gasoline and other petroleum products Prelimi nary information intended to provide estimates of employment reductions that resulted directly from shortages of fuel or power and shortages of other materials arising from energy shortages suggest that the number of jobs eliminated in the past several months was substantial transportation Examples of such industries are gasoline stations and air In addition employment declined in industries where demand levels were changing at least partly because of actual or anticipated shortages of fuels Examples of such industries are automobile manufacturing automobile sales and hotels and motels For the present reporting is not yet adequate to permit quanti tative estimates Total employment as measured by the household survey has shown little change for the past 3 months following substantial gains during most of 1973 Unemployment The number of persons unemployed increased by almost in January to a total of 4 7 million seasonally adjusted This raised the unemployment rate to 5 2 percent from 4 8 percent in December and from 4 6 percent in October The rate had been 5 0 percent in January a year ago The January rise in joblessness occurred largely among young adults and 2teenagers cent T h e u n e m p l o y m e n t r a t e f o r y e a r o l d s r o s e f r o m 7 7 t o 8 5 p e r r e t u r n i n g to t h e l e v e l t h a t h a d p r e v a i l e d i n l a t e 1972 The teenage jobless r a t e i n c r e a s e d f r o m 14 4 t o 15 6 p e r c e n t i n J a n u a r y a f t e r h o v e r i n g n e a r t h e 14 p e r c e n t m a r k t h r o u g h o u t t h e s e c o n d h a l f of l a s t y e a r F o r w o m e n 25 a n d o v e r the un e m p l o y m e n t r a t e of 4 2 p e r c e n t w a s u n c h a n g e d f r o m t h e p r e v i o u s m o n t h b u t h a s i n c r e a s e d f r o m i t s r e c e n t l o w p o i n t of 3 8 p e r c e n t p o s t e d in O c t o b e r 1973 r a t e f o r m e n 25 a n d o v e r r o s e f r o m 2 4 t o 2 7 p e r c e n t in J a n u a r y The j o b l e s s See table A Table A Highlight of the employment situation seasonally adjusted data Quarterly averages 1972 Selected categories 4th Monthly data 1973 1st 2nd Nov 1973 Dec Millions of persons rd 4th 1 Jan 1974 Millions of persons Civilian labor force Total employment Adult men Adult women Teenagers Unemployment Unemployment rates All workers Adult men Adult women Teenagers White Negro and other races Household heads Married men Full time workers State insured Average duration of unemployment Nonfarm payroll employment Goods producing industries Service producing industries p p 24 2 52 lp 51 6 Hours of work p 24 5p 52 2p Average weekly hours Total private nonfarm Manufacturing Manufacturing overtime Op p 3 8 3 7p Op 40 7p 3 7p p 109 3p p 109 3p Hourly Earnings Index private nonfarm In current dollars In constant dollars p preliminary N A not available Percent of labor force Weeks SOURCE Tables A 1 A 3 A 4 B 1 B 2 and B Unemployment rates for household heads males and females combined and married men at 3 0 and 2 3 percent respectively were little changed from December However both rates have risen from the lows reached in the second half of 1973 and were at or about their year ago levels The unemployment rate for workers covered by State unemployment insurance programs rose from 2 7 as revised in December to 2 9 percent in January moving out of the narrow percent range that had prevailed since April of last year The unemployment rate for white workers rose from 4 4 to 4 7 percent in January while the rate for Negro workers increased from 8 6 to 9 4 percent both i n c r e a s e s primarily reflected a deterioration in the job situation for adult males The unemployment rate for each of these groups was at its highest point in more than a year The January increase in joblessness occurred among both full and part time jobseekers After reaching a low of 4 1 percent last October the full time rate has risen to 4 7 percent a return to its level of late 1972 and early 1973 The rate for part time workers rose from 7 5 to 8 2 percent over the month Blue collar workers whose unemployment rate rose from 5 2 to 6 0 percent accounted for the bulk of the January increase in joblessness Sizeable increases in unemployment occurred both among craft workers and operatives The latter occu pation includes a large number of automobile assembly line workers Among the major industry groups the rise in unemployment was confined largely to manufacturing workers Principally as a reflection of recent layoffs in the automobile industry the jobless rate for workers in durable goods industries rose from 3 9 to 5 0 percent from December to January The unemployment rate of Vietnam era veterans 20 to 34 years of age rose nearly 1 percentage point to 5 2 percent in January Nearly all of the increase was among the more recently discharged veterans 20 24 years whose unemployment rate jumped from 7 5 to 10 6 percent Their rate the highest in more than a year was again well above that of the young nonveterans 7 2 percent after 2 months of little difference There was little change over the month in the jobless rates for veterans 25 to percent and 30 to 34 3 1 percent nor were these rates essentially different from those of their nonveteran counterparts The increase in total unemployment took place largely among persons who had lost their last job the number of job l o s e r s increased by to a level of 2 0 million See table A Since reaching a low of 1 5 million in October of last 4 year the number of unemployed job losers has risen by almost and now accounts for more than two fifths of total unemployment The average duration of unemployment was little changed in January at 9 4 weeks Since January a year ago however the average duration of unemployment has fallen by one and a half weeks See table A 4 Civilian Labor Force and Total Employment The civilian labor force increased by more than in January to a seasonally adjusted level of 90 5 million force has risen by 3 3 million Since January 1973 the civilian labor See table A l Total employment at 85 8 million was about unchanged for the third straight month Over the past 12 months employment has risen by 3 0 million with adult men accounting for nearly 1 2 million of this expansion adult women a like amount and teenagers Industry Payroll Employment According to preliminary data from the establishment survey the number of nonagricultural payroll jobs declined by in January to 76 4 million seasonally adjusted Manufacturing jobs were down in January with the losses concentrated in the production of durable goods Hard hit were transportation equip ment particularly automobiles and primary metals and machinery Retail trade declined for the second month despite the return to work of striking grocery workers In addition employment in contract construction which had increased slightly in December dropped by in January See table B l Partly offsetting these declines were employment increases of about 25 000 each in transportation and public utilities after settlement of an airline strike and in State and local government Despite the turn of events in the last 2 months nonagricultural payroll employment in January was still 2 1 million above its year ago level reflecting the strong growth posted throughout most of 1973 Hnnrfi nf Work The average workweek for production or nonsupervisory personnel fell more than usual between December and January according to preliminary estimates After seasonal adjustment the workweek declined by 0 4 hour to 36 6 hours the shortest workweek that has been recorded since the series began on a monthly basis in 1964 In manufacturing the average workweek dropped 0 8 hour to 39 9 h o u r s t h e shortest in more than 2 years and overtime fell by 0 4 hour to 3 3 hours Within manufac 5turing w e e k l y h o u r s in transportation equipment stone clay and g l a s s p r o d u c t s a n d p r i m a r y m e t a l i n d u s t r i e s p o s t e d the l a r g e s t m o n t h l y d e c l i n e s See table B 2 H o u r l y and W e e k l y E a r n i n g s A v e r a g e h o u r l y e a r n i n g s of p r o d u c t i o n o r n o n s u p e r v i s o r y w o r k e r s o n n o n a g r i c u l t u r a l p a y r o l l s were unchanged in January Since January a y e a r ago hourly e a r n i n g s h a v e r i s e n by 6 6 p e r c e n t W e e k l y e a r n i n g s d r o p p e d 1 1 p e r c e n t f r o m D e c e m b e r to J a n u a r y s e a s o n a l l y adjusted b u t h a v e a d v a n c e d b y 5 8 p e r c e n t f r o m t h e i r y e a r earlier level B e f o r e a d j u s t m e n t for s e a s o n a l i t y i n J a n u a r y to b y 25 c e n t s See table B 3 average hourly earnings i n c r e a s e d by 1 cent S i n c e J a n u a r y 1973 h o u r l y e a r n i n g s h a v e W e e k l y e a r n i n g s a v e r a g e d in January but above a y e a r risen d o w n f r o m D e c e m b e r earlier Hourly Earnings Index The H o u r l y E a r n i n g s I n d e x e a r n i n g s a d j u s t e d for o v e r t i m e in manufacturing s e a s o n a l i t y a n d t h e e f f e c t s of c h a n g e s i n t h e p r o p o r t i o n of w o r k e r s i n h i g h w a g e a n d l o w w a g e i n d u s t r i e s w a s i n J a n u a r y December See table B T h e i n d e x w a s 6 7 p e r c e n t a b o v e J a n u a r y a y e a r a g o A l l i n d u s t r i e s r e c o r d e d g a i n s o v e r t h e p a s t 12 m o n t h s c o n t r a c t c o n s t r u c t i o n t o 8 0 p e r c e n t i n m i n i n g December 0 4 p e r c e n t h i g h e r t h a n i n r a n g i n g f r o m 4 5 p e r c e n t i n D u r i n g the 1 2 m o n t h p e r i o d ended in t h e H o u r l y E a r n i n g s I n d e x i n d o l l a r s of c o n s t a n t p u r c h a s i n g p o w e r d e c l i n e d 2 0 p e r c e n t This release presents and analyzes statistics from two major surveys Data on labor force total employment and unemployment are derived from the sample survey of households conducted and tabulated by the Bureau of the Census for the Bureau of Labor Statistics Statistics on payroll employment hours and earnings are collected by State agencies from payroll records of employers and are tabulated by the Bureau of Labor Statistics A description of the two surveys appears in the BLS publication Employment and Earnings 6 Note on Seasonal Adjustment At the beginning of each calendar y e a r the Bureau of Labor Statistics r e v i s e s the seasonally adjusted labor force s e r i e s derived from the Current Population Survey household survey to take into account data from the previous year The revisions j u s t completed did not affect the previously published 1973 seasonally adjusted overall unemployment r a t e for 7 months of the year and altered it by only 0 1 percentage point in the other 5 m o n t h s New seasonal adjustment factors for the 12 major components of the civilian labor force along with the newly revised historical data for the labor force employment and unemployment s e r i e s w i l l appear in the F e b r u a r y 1974 issue of Employment and E a r n i n g s The following table presents the seasonally adjusted monthly unemployment r a t e s for 1973 as originally published and as revised based on the application of new seasonal adjustment factors incorporating data through D e c e m b e r 1973 Months in 1973 January February March April May June July August September October November December Unemployment rate as originally published Revised unemployment rate T a b U A 1 Employmtnt status of tho noninstitutional population by sox a n d ago In thousands Seasonally adjusted Jan 1973 Dec 1973 Jan 1974 Jan 197 3 Oct 1973 Nov 1973 Dec 1973 Jan Employment status age and sex Total Total labor force Civilian labor force Employed Agriculture Nonagricultural industries On part time for economic reasons Usually work full time Usually work part time Unemployed Man 20 years and over Civilian labor force Employed Agriculture Nooagricultural industries Unemployed ind over Women 20 ye Civilian labor force Employed Agriculture Nonagricultural industries Unemployed Both sexes 16 19 year Civilian labor force Employed Agriculture Nonagricultural industries Unemployed TabU A 2 Full and part timo status of th civilian labor forco by st x and ag Numbers in thousands Seasonally adjusted Full and part tioe employment seam s sex and age Jan 1973 Jan 1974 Jan 1973 Sept 1973 Oct 1 973 Nov 1973 Dec 1973 Jan 1974 Total 16 years and over Civilian labor force Employed Unemployed Unemployment rate Men 20 years and over Civilian labor force Employed Unemployed Unemployment rate Women 20 years and overt Civilian labor force Employed Unemployed Unemployment rate Fell tine Part tine Total 16 years and over Civilian labor force Employed Unemployed Unemployment rate NOTE Persons on part time schedules for economic reasons i part time work included in the full time employed category unemployed persons are allocated by whether seeking full or Table A 3 Major unemployment indicators Seasonally adjusted Number of persons In thousands Selected categories T Unemployment rates Jan 1973 White Negro and other races Household heads Married men Full time workers Part time workers Unemployed 15 weeks and over1 State insured1 Labor force time lost Sept 1973 Oct 1973 Nov 1973 Dec Jan Total all civilian workers Men 20 years and over Women 20 year and over Both sexes 16 19 years Jan Jan 1974 Occupation4 White collar workers Professional and technical Managers and administrators except farm Sales workers Clerical workers Blue collar workers Craftsmen and kindred workers Operatives Nonfarm laborers Service workers Farm workers Industry IMonagricultural private wage and salary workers5 Construction Manufacturing Durable goods Nondurable goods Transportation and public utiJili Wholesale and retail trade Finance and service industries Government workers Agricultural wage and salary workers Unemployment rate calculated as a percent of civilian labor force 1 Insured unemployment under State programs unemployment rate calculated as a percent of average covered employment As with the other statistics presented insured unemployment data relate to the week containing the 12th 3 Man hours lost by the inemployed and persons on part time for economic reasons as a percent of potentially available labor force man hours 4 Unemployment by occupation includes all experienced unemployed persons whereas that by industry covers only unemployed wage and salary workers Includes mining not shown separately Table A 4 Unemployed persons 16 years and over by duration of unemployment Numbers in thousands Seasonally adjusted Duration of unemployment Jan 1973 Jan 1974 Jan 1973 Sept 1973 Oct 1973 Nov 1973 Dsc 1973 Jan Table A 5 Unemployed persons by reason for unemployment Numbers In thousands Seasonally adjusted Reason for unemployment Jan 1973 Jan 1974 Jan 1973 Sept 1973 Oct 1973 Nov 1973 Dec 1973 Jan C Number of unemployed Lost last job Left last job Reentered labor force Never worked before Percent distribution Total unemployed Lost last job Left last job Reentered labor force Never worked before Unemployed os a percent of the civilian lobor force Lost last job Left last job Reentered labor force Never worked before Table A 6 Thousands of persons Age and sex 16 to 19 years 16 and 17 years 18 and 19 years 20 to 24 years 25 years and over 25 to 54 years 55 years and over Males 6 years and over 16 to 19 years 16 and 17 years 18 and 19 years 20 to 24 years 25 years and over 25 to 54 years 55 years and over Females 16 years and over 16 to 19 years 16 and 17 years 18 and 19 years 20 to 24 years 25 years and over 25 to 54 years 55 years and over U n e m p l o y e d persons by age and sex Percent looking for full time work Seasonally adjusted unemployment rates Jan 1974 Sept 1973 Oct 1973 Nov 1973 Dec Jan 1973 Total 16 years and over Jan 1974 Jan Jan Table A 7 Employment status of male Vietnam Era veterans and non veterans 20 to 34 years of age Numbers in thousands Employment ttatiM Jan 1973 Dec 1973 Jan Seasonally adjusted Jan 1973 Sept 1973 Oct 1973 Nov 1973 Dec 1973 Jan L Oft6 4 2J BO Q lbb i J VETERANS Total 20 to 34 years Civilian noninstitutional population 1 Civilian labor force Employed Unemployed Unemployment rate 20 to 24 yean Civilian noninstitutional population 3 Civilian labor force Employed Unemployed Unemployment rate 25 to 29 yean Civilian noninstitutional population 3 Civilian labor force Employed Unemployed Unemployment rate 30 to 34 years Civilian noninstitutional population 1 Civilian labor force Employed Unemployed Unemployment rate 2 9 NONVETCRANS Total 20 to 34 years Civilian noninstitutional population 2 Civilian labor force Employed Unemployed Unemployment r te 20 to 24 year ivilian noninstitutional population 1 Civilian labor force Employed Unemployed Unemployment tate 25 to 29 years Civilian noninstitutiorat population 1 Civilian labor force Employed Unemployed Unemployment rate 30 to 34 years Civilian noninstitutional population Civilian laboi force Employed Unemployed Unemployment Jir ages 90 per Victn Era veterans are th se who served after W t fJ on tv iVlltfon adjusted columns At present of the Vietna Era veteran of 11 not present in the popul tlon figures identical numbers appear in the unadjusted and seasonally Table B 1 Employees on nonagriculturai payrolls by industry In thousands Seasonally adjusted Change from Jan 1973 MINING CONTRACT CONSTRUCTION MANUFACTURING Production itoriers DURABLE GOODS Production uorkctt Ordnance and accessories Lumber and wood p r o d u c t s Furniture and fixtures Stone c l a y and g l a s s products Primary metal industries Fabricated metal products Machinery except electrical Electrical equipment Transportation equipment Instruments and related products M i s c e l l a n e o u s manufacturing NONDURABLE GOODS Production UfOrkcrs Food and kindred products Tobacco manufactures Textile mill products Apparel and other textile products Paper and allied products Printing and publishing C h e m i c a l s and allied products Petroleum and coal products Rubber and p l a s t i c s products nee Leather and leather products GOODS PRODUCING TOTAL Nov Industry Dec 1973 F 531 3 Jan 1974 P Jan 1973 Dec SERVICES GOVERNMENT p j it iimmary STATE AND LOCAL Dec FEOERAL FINANCE INSURANCE AND REAL ESTATE WHOLESALE TRADE RETAIL TRADE WHOLESALE AND RETAIL TRADE Jan 1974 p TRANSPORTATION AND PUBLIC UTILITIES Change from Dec 1973 P SERVICE PRODUCING Nov Table B 2 Average weekly hours of production or nonsupervisory w o r k e r s 1 on p r i v a t e nonagricultural p a y r o l l s by industry Seasonally adjusted Change froiri I nd is try TOTAL PRIVATE Jan 1973 Nov 1973 Dec 1973 P 1974 Jan 1973 Dec 1973 Nov Jan 1974 F MINING CONTRACT CONSTRUCTION MANUFACTURING Overtime touts DURABLE GOODS Overtime hours Ordnance and a c c e s s o r i e s Lumber and wood products Furniture and fixtures Stone c l a y and g l a s s products Primary metal industries Fabricated metal products Machinery except electrical Electrical equipment 4 Transportation equipment Instruments and related products M i s c e l l a n e o u s manufacturing NONDURABLE GOODS Overtime hours Food and kindred products T o b a c c o manufactures T e x t i l e milt products Apparel and other textile products P per and allied products Printing and publishing C h e m i c a l s and allied p r o d u c t s Petroleum and coat products Rubber and p l a s t i c s products nee Leather and leatner p r o d u c t s TRANSPORTATION AND PUBLIC UTILITIES WHOLESALE AND RETAIL TRADE FINANCE INSURANCE AND REAL ESTATE SERVICES WHOLESALE TRADE RETAIL TRADE D a t a relate t o production workrrt in mining and manufacturing to construction workers In contrart construction and to nonsupervisory workers in transportation and public utilities wholesale and retail trade finance insurance and real estate and services These groups account for approximately four fifths of the total employment on private nonagricultural payrolls p preliminary Table B 3 Average hourly and weekly earnings of production or nonsupervisory workers 1 on private nonagriculturol payrolls by industry Average hourly earnings Industry Nov TOTAL PRIVATE Seasonally adjusted MINING Jan CONTRACT CONSTRUCTION MANUFACTURING DURABLE COOOS O r d n a n c e and a c c e s s o r i e s Lumber and wood p r o d u c t s Furniture and fixtures S t o n e c l a y and g l a s s p r o d u c t s Primary metal i n d u s t r i e s Fabricated metal products Machinery e x c e p t e l e c t r i c a l E l e c t r i c a l equipment T r a n s p o r t a t i o n equipment I n s t r u m e n t s and r e l a t e d p r o d u c t s Miscellaneous manufacturing NONDURABLE GOODS F o o d and kindred p r o d u c t s Tobacco manufactures T e x t i l e mill p r o d u c t s Apparel a n d other t e x t i l e products P a p e r and a l l i e d p r o d u c t s P r i n t i n g and p u b l i s h i n g C h e m i c a l s and a l l i e d p r o d u c t s P e t r o l e u m and coal p r o d u c t s Rubber and p l a s t i c s p r o d u c t s n e c Leather and leather products Dec 1973 P Jan 1974 l Average weekly earnings Change from Jan Dec Dec I Ool i d l 164 4CJ d WHOLESALE AND RETAIL TRADE SERVICES FINANCE INSURANCE AND REAL ESTATE Change from Jan p s preliminary Jan See footnote 1 table B Dec TRANSPORTATION AND PUBLIC UTILITIES WHOLESALE TRADE RETAIL TRADE Nov Jan Table B 4 Hourly Earnings Index for production or nonsupervisory workers in private nonfarm industries seasonally adjusted Jan 1973 Aug 1973 Current dollars Constant 1967 dollars Mining Percent change from Oct 1973 Nov 1973 Dec 1973 Jan N A Contract construction Manufacturing l Treimportation and public utilities Wholesale and retail trade Finance insurance and teal estate Industry Sept 1973 Jan 1973Jan 1974 Dec 1973Jan 1974 Total private nonfarm U Percent change was 2 0 from December 1972 to December 1973 the latest month available 2 Percent change was 0 1 from November 1973 to December 1973 the latest month available NA indicates data are not available p Prelimtnary NOTE All series are in current dollars except where indicated The index excludes effects of two types of changes that are unrelated to underlying wage rate developments Fluctuations in overtime premiums in manufacturing the only sector for which overtime data are available and the effects of changes in the proportion of workers in high wage and low wage industries The seasonal adjustment eliminates the effect of changes that normally occur at the same time and in about the same magnitude each year LABOR FORCE EMPLOYMENT UNEMPLOYMENT HOUSEHOLD DATA SEASONALLY ADJUSTED 1 LABOR FORCE AND EMPLOYMENT 2 TOTAL EMPLOYMENT C I V I L I A N LABOR FORCE TOTAL EMPLOYMENT NONAGRICULTURAL EMPLOYMENT AOULT MEN ADULT WOMEN TEENAGERS THOUSANDS I f h t J r y y J 70000 H f J j 30000 H y j j r L J i I r T J r y 50000 Li j i J r j r e v THOUSANDS I r 80000 f 75000 P F h j liiuJ i ii J OM1 I I lwhuJ nini il UIMLOU l il H J I ululuiu td ta I N1 1 LiiiiiiiiJ UNEMPLOYMENT ALL C I V I L I A N WORKERS FULL TIME WORKERS MARRIED MEN fI f 1W t h A yjJ t J i j V I I I J 1000 V V iiliiliiuJ f l l J H ut M I M I M J i i i l 190S I960 1907 I Z r MtllLuJ J i t H 0 L i i i t f 3000 IA L r W VL l 0 UNEMPLOYMENT H I 6000 f 4000 MlHlMlllLlt llnttl iihiliilti lllllllllM AOULT MEN AOULT WOMEN TEENAGERS THOUSANDS lllllllllM B QQ 1 1 I I I I I LJi L l l i i l l l l l lMt L l l l t I l J g Q Q Z UNEMPLOYMENT RATES HOUSEHOLD DATA SEASONALLY ADJUSTED 5 UNEMPLOYMENT RATES 6 ALL CIVILIAN WORKERS STATE INSURED MARRIED HEN UNEMPLOYMENT RATES TEENAGERS AOULT WOMEN ADULT MEN tllilliMl l HMflllwllll llllMtl lwL iwl ltllLllMl l ll lil ltllML ltllMN IttlMlMlMlMlMl Q Q t Q UMlMliiliiliiliili l lMli lwUiUllilMliiliiliiliiLiUli ln l 1iill l Ll UJ iiUli LliiUlMl 7 Q O 186S UNEMPLOYMENT RATES UNEMPLOYMENT RATES PART TIME WORKERS FULL TIME WORKERS NEGRO AND OTHER RACES WHITE PERCENT J 5 0 Lv 1 A i A h 2 5L k t t 1 t itnl ilj nl il ili wlalnlJ S J lv J tfl v L L j 2 5 Q Q I M I Ln liiii li fJui it iti t InJ tul il ihilwl I inliihil il IIMIMLIEIM J Q O UNEMPLOYMENT HOUSEHOLD DATA SEASONALLY 9 UNEMPLOYMENT RATES 10 ADJUSTED UNEMPLOYMENT RATES BLUE COLLAR WORKERS SERVICE WORKERS WHITE COLLAR WORKERS CONSTRUCTION MANUFACTURING PERCENT PERCENT S6B g S 196S I g lMiiilni iLiJiii iLifciiiiiilwiiiii i LiMLih LiiiiiM iiliiiiilnitiLiML iiiL iiiiiiiil tMlliilil S 2 0 is o 2 5 O o lii i ttii iJM finiii liiuuii li ti i iuLiwliiiiiLii ii iiiliiiiiinii LiMiMuLtnUi 11 g m Q 196S AVERAGE DURATION OF UNEMPLOYMENT UNEMPLOYMENT BY RERSON JOB LOSERS REENTRANTS NEW ENTRANTS JOB LEAVERS THOUSANDS WEEKS Q ll iil liiJ iill iJ iMt I i t tiliJ li iLli l il lliJ i Jut liir il i tiiilll l MlMil l S NONFIGRICULTURflL EMPLOYMENT AND HOURS ESTABLISHMENT DATA SEASONALLY ADJUSTED 13 EMPLOYMENT 14 TOTAL NONAGRICULTURAL SERVICE PROOUCING GOODS PROOUCING MANUFACTURING THOUSANOS j MRN HOURS TOTAL PRIVATE NONAGRICULTURAL PRIVATE SERVICE PRODUCING GOOOS PROOUCING MANUFACTURING MILLIONS OF MAN HOURS 22S J S S j SOOOO f m F 30000 j L j N LJ i uJ MUIIJ mlmiMJ wUliilJ uHlnlii iil liiln WIMIIIIJ Q i i i i NN H 40 0 M r m i i i t i i i i i I I I I I I I I I I I I IJ S HOURS l A H ttti HI IT AVERAGE WEEKLY OVERTIME HOURS IN MANUFACTURING MANUFACTURING TOTAL PRIVATE HOURS 42 0 N AVERAGE WEEKLY HOURS 750 T U HMW r h f i J Y v rj M i h v J I 1 I I J I L IWLIIMIIII Z 1 0 i L i l l i l t t i LMl L 1 l lLyL I I t l LI I IMIMI liiflnlJ

January 1974

DATE: February 1, 1974

PART OF:

The Employment Situation

CONTRIBUTING AUTHOR:

United States. Bureau of Labor Statistics

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United States. Bureau of Labor Statistics. "January 1974," The Employment Situation (February 1, 1974). https://fraser.stlouisfed.org/title/144/item/56074, accessed on September 16, 2019.

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