Full text of The Employment Situation : February 1974

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NEWS
USDL, - 74-106
FOR R E L E A S E :

U. S. DEPARTMENT OF LABOR
S3

BUREAU OF LABOR STATISTICS

Washington, D. C. 20212
J, B r e g g e r (202) 961-2633
961-2472
961-2531
K. Hoyle (202)
961-2913
home: 333-1284

Transmission Embargo
10:00 A. M. (EDT)
F r i d a y , M a r c h 8, 1974

THE EMPLOYMENT SITUATION: FEBRUARY 1974
U n e m p l o y m e n t was unchanged in F e b r u a r y , while nonfarm payroll employm e n t i n c r e a s e d after declining in the p r e c e d i n g 2 months, it was announced today by
the B u r e a u of L a b o r S t a t i s t i c s of the U. S. D e p a r t m e n t of Labor.

The Nation 1 s unem-

p l o y m e n t r a t e w a s 5. 2 p e r c e n t , the s a m e a s in J a n u a r y but well above the 4. 6 - p e r c e n t low r e a c h e d in October of l a s t y e a r .
Total e m p l o y m e n t (as m e a s u r e d through the household survey) r e m a i n e d
u n c h a n g e d in F e b r u a r y ,

slightly above the l e v e l of October 1973.

Nonfarm payroll

e m p l o y m e n t (as m e a s u r e d through the e s t a b l i s h m e n t survey) posted an i n c r e a s e of
17 5, 000 in F e b r u a r y d e s p i t e a further drop in the number of manufacturing jobs.
The F e b r u a r y i n c r e a s e r e t u r n e d p a y r o l l e m p l o y m e n t to the p r e v i o u s high reached in
N o v e m b e r 1973.
E s t i m a t e s of the effects of the e n e r g y c r i s i s upon nonfarm payroll employm e n t i n d i c a t e t h a t in the 3 months after November between 125, 000 and 200, 000 jobs
w e r e l o s t owing to the d i r e c t effects of e n e r g y s h o r t a g e s .

I n d u s t r i e s that m a y have

e x p e r i e n c e d a t l e a s t s o m e i n d i r e c t effects posted employment declines of 300, 000
o v e r the p e r i o d ; while a s u b s t a n t i a l p a r t of this can be attributed to energy s h o r t a g e s , s o m e m a y s t e m f r o m other f a c t o r s .

These r e d u c t i o n s w e r e offset by growth

in o t h e r i n d u s t r i e s over the N o v e m b e r - t o - F e b r u a r y period.
Unemployment
Both the n u m b e r of unemployed p e r s o n s and the unemployment r a t e r e m a i n e d
s t a b l e in F e b r u a r y , after r i s i n g in the p r e v i o u s month and the closing months of
1973.

Since October 1973, when j o b l e s s n e s s r e a c h e d its lowest point in 3-1/2 y e a r s ,

the n u m b e r of unemployed p e r s o n s h a s i n c r e a s e d by 650, 000 ( s e a s o n a l l y adjusted)
to 4 - 3 / 4 m i l l i o n , and the j o b l e s s r a t e h a s r i s e n 0. 6 p e r c e n t a g e point to 5. 2 p e r c e n t .
U n e m p l o y m e n t r a t e s for m o s t labor force groups w e r e a l s o basically
u n c h a n g e d in F e b r u a r y .

(See table A - 3 . )

F o r e x a m p l e , t h e r e was virtually no

c h a n g e in the r a t e s for household h e a d s (3. 0 p e r c e n t ) and m a r r i e d men (2. 4 p e r -




- 2 -

c e n t ) , nor for all adult m e n (3. 5 percent) , adult women (5. 1 percent) , and teenagers
(15. 3 p e r c e n t ) .

The r a t e for white w o r k e r s (4. 7 percent) and that for N e g r o e s (9. 2

p e r c e n t ) w e r e a l s o unchanged f r o m the p r e v i o u s month.

Unemployment data by

occupation and i n d u s t r y a l s o showed few changes in F e b r u a r y .

N e a r l y all w o r k e r

g r o u p s , however, have e x p e r i e n c e d an i n c r e a s e in j o b l e s s n e s s since l a s t fall.
Table A. Highlights of the employment situation (seasonally adjusted data)
Quarterly averages
Selected categories

|

1972

1
1 Dec.
j 1973

1973

4th

1st

1

2nd

j

3rd 1

Monthly data

j

7^

Jan.
1974

Feb.
1974

1 90.0 1 90.5

4th

90.6
85.8
48.5
29.7
7.6

(Millions of persons)
Civilian labor force
Total employment
Adult men
Adult women

1 87.6

87*1
82.6
47*3
28.3
6.9
4.6

88.5
84.1
47.7
29.2
7.2
4.3

83.2
47.5
28.6
7.1
4.4

89.0
84.8
48.1
29.5
7.2
4.2

89.9
85.7
48.5
29.7
7.5
4.2

85.7
48.6
29.6
7.5
4.4

.85.8
48.7
29.5
7.6
4.7

1

4.8

(Percent of labor force)
Unemployment rates:
All workers . . . . * *
Adult men
Adult women
Teenagers
White
Negro and other races
Household heads
Married men
Full-time workers
State insured

5.3

5.0

1 3.6
•*..**

1

5.2
15.5
4.7
9.9
3.1
2.5
4.7
3.1

3.4
5.0
14.7
4.5
9.0
3.0
2.4
4.6
2.8

!
!

4.9
3.3
4.8
14.7
4.4
9.0
2.9
2.3
4.3
2.7

4.7
3.1
4.8
14.3
4.2
9.0
2.7
2.1
4.2
2.7

4.7
3.0
4.7
14.3
4.2
8.6
2.8
2.1
4.3
2.7

4.8
3.0
5.0
14.4
4.4
8.6
2.8
2.2
4.4
2.7

5.2
3.4
5.2
15.6
4.7
9.4
3.0
2.3
4.7
3.Or

j

9.3

9.4

9.6

|

76.6
24.5
51.2

76.5p
24.3p
52.2p

76.7p
24.2p
52.4p

3.7 1

37.0
40.7
3.7

36.7p
40.2p
3.4p |

3 6 . 9p
40.5p
3.4p

i

1

5.2
3.5
5.1
15.3
4.7
9.2
3.0
2.4
4.7
3.2

(Weeks)
Average duration of
unemployment

9.9

10.6

11.5

9.9

9.7

(Millions of persons)
73.8
23.4
50.4

j

75.3
24.0
51.3

74.6
23.7
50.9

75.7
24.2
51.6

76.6
24.4
52.1

(Hours of work)
Average weekly hours:
Total private nonfarm

37.2
40.7
3.7

j

37.1
40.7
3.8

37.2
40.7
j

3.9 1

37.1
40.7
3.8 |

37.0
40.6

(1967=100)
Hourly Earnings Index, private
nonfarm:
In current dollars

141.0

111.1 I
p= preliminary.
N.A.= not available.

r=revised.



142.7
110.8

145.0
j

110.3 J

147.8
110.0

j

.

150.4 1
109.3

151.3
| 109.3

151.7p
108.4p

152.lp
NA

sOURCE: Tat>lesA*1, A-3, A-4,B-1,B-2, and B-4.

- 3 -

The u n e m p l o y m e n t r a t e for V i e t n a m - e r a v e t e r a n s 20 to 34 y e a r s of age, at
5. 0 p e r c e n t , showed little change f r o m J a n u a r y but was up f r o m the fourth q u a r t e r
1973 a v e r a g e of 4, 2 p e r c e n t .

The j o b l e s s r a t e for the m o r e r e c e n t l y d i s c h a r g e d

v e t e r a n s - - t h o s e 2-0-24 y e a r s of a g e - - w a s 10. 0 p e r c e n t , about the s a m e a s in the
p r e v i o u s month and higher than that for n o n v e t e r a n s of the s a m e ages (7. 9 p e r c e n t ) .
R a t e s for v e t e r a n s 25 to 29 (3. 8 percent) and 30 to 34 (2. 7 percent) w e r e a l s o
e s s e n t i a l l y unchanged over the month at l e v e l s approximating those of their nonveteran counterparts.

(See table A - 7 . )

The u n e m p l o y m e n t r a t e for w o r k e r s c o v e r e d by State unemployment i n s u r a n c e p r o g r a m s r o s e f r o m 3. 0 to 3. 2 p e r c e n t in F e b r u a r y .

This r a t e had held at or

n e a r 2. 7 p e r c e n t through all of 1973.
The d i s t r i b u t i o n of the unemployed in t e r m s of the r e a s o n s for their status
w a s b a s i c a l l y unchanged f r o m J a n u a r y to F e b r u a r y .

N e v e r t h e l e s s , since October of

l a s t y e a r the n u m b e r of p e r s o n s unemployed b e c a u s e of job l o s s h a s i n c r e a s e d by
590, 000, accounting for p r a c t i c a l l y all of the r i s e in total unemployment.

(See

table A - 5 . )
The a v e r a g e (mean) d u r a t i o n of unemployment, at 9. 6 weeks in F e b r u a r y ,
w a s about unchanged f r o m J a n u a r y and D e c e m b e r but r e m a i n e d below the levels
p r e v a i l i n g throughout the other m o n t h s of 1973.

(See table A - 4 . )

Changes in the

a v e r a g e d u r a t i o n of u n e m p l o y m e n t typically lag those in the o v e r a l l level and r a t e
of u n e m p l o y m e n t .
Civilian L a b o r F o r c e and Total E m p l o y m e n t
At 90. 6 m i l l i o n ( s e a s o n a l l y adjusted) , the civilian labor force r e m a i n e d
s t a b l e in F e b r u a r y , a s an i n c r e a s e in the n u m b e r of adult women was offset by a
d e c l i n e among t e e n a g e r s and adult m e n .
l a b o r f o r c e h a s expanded by 2. 7 m i l l i o n .

Since F e b r u a r y a y e a r ago. the civilian
(See table A - l . )

Total e m p l o y m e n t w a s a l s o unchanged in F e b r u a r y .

However, t h e r e was a

n o t i c e a b l e i n c r e a s e in the n u m b e r of p e r s o n s who, although u s u a l l y working full
t i m e , had b e e n r e d u c e d at l e a s t t e m p o r a r i l y to a p a r t - t i m e s t a t u s b e c a u s e of a d v e r s e
e c o n o m i c f a c t o r s affecting t h e i r jobs (lack of work, m a t e r i a l s h o r t a g e s , e t c . ) .

The

n u m b e r of i n v o l u n t a r y p a r t - t i m e w o r k e r s advanced to n e a r l y 2. 8 m i l l i o n ( s e a s o n a l l y
adjusted) f r o m 2. 6 million in J a n u a r y and 2. 3 m i l l i o n l a s t October.
Industry Payroll Employment
N o n a g r i c u l t u r a l p a y r o l l e m p l o y m e n t r o s e by 175, 000 in F e b r u a r y to 76. 7
m i l l i o n ( s e a s o n a l l y adjusted) , following a J a n u a r y decline of 105, 000 (the p r e l i m i 


- 4 -

n a r y f i g u r e s for J a n u a r y published l a s t month had shown a decline of Z60, 000) .
T h i s i n c r e a s e r e t u r n e d the p a y r o l l - j o b total to the level r e a c h e d in N o v e m b e r 1973.
Over the p a s t y e a r , p a y r o l l e m p l o y m e n t h a s grown by about 2 million.

(See table

B-l.)
F e b r u a r y e m p l o y m e n t gains w e r e w i d e s p r e a d throughout the s e r v i c e - p r o d u c ing i n d u s t r i e s ; i n c r e a s e s w e r e r e g i s t e r e d in s e r v i c e s (90, 000) . wholesale and
r e t a i l t r a d e (65, 000) , State and l o c a l g o v e r n m e n t (50, 000) , and finance,
and r e a l e s t a t e (20, 000) .

insurance

In addition, c o n t r a c t c o n s t r u c t i o n e m p l o y m e n t i n c r e a s e d

by 100, 000, after a drop of the s a m e magnitude in the p r e v i o u s month.
P a r t l y offsetting t h e s e i n c r e a s e s was a drop of 150, 000 in manufacturing,
n e a r l y all of it in the d u r a b l e goods i n d u s t r i e s .

T r a n s p o r t a t i o n equipment suffered

h e a v y job l o s s e s for the second s t r a i g h t month, reflecting, in l a r g e p a r t ,

reduced

c o n s u m e r d e m a n d for a u t o m o b i l e s s t e m m i n g f r o m the gasoline situation.

Employ-

m e n t in e l e c t r i c a l equipment and in m a c h i n e r y w a s a l s o down somewhat in
February.
M e a s u r i n g the Effects of the E n e r g y C r i s i s
Since N o v e m b e r 1973, the B u r e a u of L a b o r S t a t i s t i c s h a s b e e n engaged in a
p r o j e c t to m e a s u r e the d i r e c t i m p a c t of e n e r g y and other p e t r o l e u m s h o r t a g e s on
employment.

P r e l i m i n a r y r e s u l t s b a s e d on e m p l o y e r r e p o r t s show that f r o m Novem-

b e r to F e b r u a r y between 125, 000 and 200, 000 jobs w e r e l o s t a s the d i r e c t r e s u l t of
e m p l o y e r s being unable to obtain sufficient supplies of fuel and p e t r o l e u m - b a s e d
p r o d u c t s to m a i n t a i n t h e i r p r e v i o u s l e v e l s of o p e r a t i o n .
g a s o l i n e s e r v i c e s t a t i o n s and a i r l i n e s .

P r i n c i p a l l y affected w e r e

Other l o s s e s w e r e g e n e r a l l y s m a l l and

widespread.
In addition to the p r o j e c t for m e a s u r i n g the d i r e c t effects of the e n e r g y
c r i s i s , an a n a l y s i s was m a d e of the i n d u s t r i e s e x p e r i e n c i n g d e c l i n e s which m a y
have b e e n a t t r i b u t a b l e to r e d u c e d demand a r i s i n g in p a r t f r o m a c t u a l or anticipated
s h o r t a g e s of fuel available to t h e i r potential c u s t o m e r s .

I n d u s t r i e s a s s o c i a t e d with

a u t o m o b i l e m a n u f a c t u r i n g and d i s t r i b u t i o n showed the l a r g e s t d e c r e a s e s .

Others,

such a s h o t e l s and m o t e l s and a m u s e m e n t s , have b e e n affected to a l e s s e r extent
by r e d u c e d t r a v e l .

Reduced d e m a n d for r e c r e a t i o n a l v e h i c l e s , s m a l l a i r c r a f t ,

p l e a s u r e b o a t s h a s a l s o had s o m e a d v e r s e i m p a c t on e m p l o y m e n t .

Since N o v e m b e r ,

t h e s e i n d u s t r i e s have shown n e t d e c l i n e s totaling about 300, 000 j o b s .
80, 000 of the decline o c c u r r e d in D e c e m b e r ,
February.



and

Approximately

90, 000 in J a n u a r y , and 130, 000 in

While p a r t of t h e s e c u r t a i l m e n t s can be a t t r i b u t e d to f a c t o r s other than

- 5the e n e r g y shortage,

a substantial portion probably resulted from actual or antici-

p a t e d fuel s h o r t a g e s .
Since total n o n f a r m p a y r o l l e m p l o y m e n t in F e b r u a r y had r e t u r n e d to its
r e c o r d l e v e l r e a c h e d in N o v e m b e r ,

job l o s s e s w h i c h m a y h a v e s t e m m e d f r o m the

d i r e c t o r i n d i r e c t e f f e c t s of t h e e n e r g y c r i s i s h a v e b e e n o f f s e t b y e m p l o y m e n t g a i n s
in o t h e r i n d u s t r i e s .
H o u r s of W o r k
T h e a v e r a g e w o r k w e e k 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 , w h i c h h a d
d e c l i n e d in J a n u a r y ,
hours,

r e c o v e r e d m o s t of t h i s l o s s , a s i t r o s e b y 0. 2 h o u r to 36. 9

seasonally adjusted,

in F e b r u a r y ,

i n c r e a s e d b y 0. 3 h o u r t o 4 0 . 5 h o u r s .
o t h e r hand,

the a v e r a g e w o r k w e e k

A v e r a g e o v e r t i m e in m a n u f a c t u r i n g ,

w a s u n c h a n g e d a t 3. 4 h o u r s .

from their year-ago levels.

In m a n u f a c t u r i n g ,

on t h e

All t h r e e m e a s u r e s w e r e down c o n s i d e r a b l y

(See table B - 2 . )

H o u r l y and Weekly 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 on
n o n a g r i c u l t u r a l p a y r o l l s r o s e 0. 2 p e r c e n t in F e b r u a r y ( s e a s o n a l l y a d j u s t e d ) .

Since

F e b r u a r y a y e a r a g o . h o u r l y e a r n i n g s h a v e r i s e n b y 6. 6 p e r c e n t .

R e f l e c t i n g the

r i s e i n h o u r l y e a r n i n g s a s w e l l a s t h e e x p a n s i o n of the w o r k w e e k ,

weekly earnings

r o s e 0.8 p e r c e n t in F e b r u a r y ( s e a s o n a l l y adjusted) .

W e e k l y e a r n i n g s a d v a n c e d by

5. 8 p e r c e n t o v e r t h e p a s t y e a r .
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 ,
1 c e n t in F e b r u a r y to $ 4 . 0 3 .
i n g s h a v e r i s e n b y 25 c e n t s .

a v e r a g e h o u r l y e a r n i n g s i n c r e a s e d by

(See table B - 3 . )

S i n c e F e b r u a r y 1973, h o u r l y e a r n -

W e e k l y e a r n i n g s a v e r a g e d $147. 10 i n F e b r u a r y ,

up

77 c e n t s f r o m J a n u a r y a n d $ 8 . 00 f r o m a y e a r e a r l i e r .
H o u r l y E a r n i n g s Index
T h e 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 adjusted for o v e r t i m e in m a n u f a c t u r i n g ,
seasonality,

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 152. 1 (1967 = 100) i n F e b r u a r y ,
than in J a n u a r y .
year ago.

(See table B - 4 . )

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 F e b r u a r y a

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 ,

5. 5 p e r c e n t i n f i n a n c e ,

insurance,

ranging from

a n d r e a l e s t a t e to 8. 4 p e r c e n t i n m i n i n g .

the 1 2 - m o n t h p e r i o d ended in J a n u a r y ,

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. 6 p e r c e n t .




0. 3 p e r c e n t h i g h e r

During




-6-

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.

Table A-l:

Employmont status off tho noninstitutionol population by sox and ago
(In thousands)
Feb.
1973

Jan.
1974

Feb.
1974

Feb.
1973

Nov.
1973

Seasonally adjusted
Dec.
1973

Jan.
1974

Feb.
1974

89,075
86,683
81,838
2,956
78,882
2,088
1,020
1,068
4,845

91,354
89,096
84,088
3,197
80,891
2,385
1,274
1,111
5,008

91,692
89,434
84,294
3,283
8L,011
2,597
1,375
1,222
5,140

90,108
87,716
83,230
3,446
79,784
2,224
1,024
1,200
4,486

92,186
89,903
85,649
3,561
82,088
2,405
1,143
1,262
4,254

92,315
90,033
85,669
3,643
82,026
2,562
1,192
1,370
4,364

92,801
90,543
85,811
3,794
82,017
2,586
1,213
1,373
4,732

92,814
90,556
85,803
3,852
81,951
2,754
1,381
1,373
4,753

48,834
46,767
2,289
44,478
2,067

49,926
47,869
2,448
45,42L
2,057

49,945
47,754
2,483
45,271
2,191

49,195
47,513
2,496
45,017
1,682

49,926
48,425
2,544
45,881
1,501

50,085
48,559
2,569
45,990
1,526

50,371
48,660
2,687
45,973
1,711

50,312
48,529
2,708
45,821
1,783

30,380
28,803
419
28,384
1,577

Employment status, age, and sex

31,170
29,491
455
29,035
1,680

31,512
29,823
479
29,343
1,689

30,187
28,687
561
28,126
1,500

31,183
29,704
550
29,154
1,479

31,169
29,596
595
29,001
1,573

31,133
29,519
628
28,891
1,614

31,329
29,722
641
29,081
1,607

7,469
6,268
248
6,021
1,200

7,999
6,728
293
6,435
1,271

7,977
6,717
320
6,397
1,260

8,334
7,030
389
6,641
1,304

8,794
7,520
467
7,053
1,274

8,779
7,514
479
7,035
1,265

9,039
7,632
479
7,153
1,407

8,915
7,552
503
7,049
1,363

Total
Total labor force . . . .
Civilian labor force
,
Employed . . . . . . . . . . . . . .
Agriculture , . . . ,
Nonagricultural industries . . . . . . .
On part time for economic reasons .
Usually »ork full time
Usually work part time
Unemployed
Man, 20 years and ovsr
Civilian labor force
Employed
Agriculture
Non agricultural industries
Unemployed

-,
,
,

Women, 20 years ond ovar
Civilian labor force .
Employed
Agriculture
Nonagricultural industries
Unemployed
Both sexes, 16-19 years
Civilian labor force
•
Employed
Agriculture
Nonagricultural industries
Unemployed

,

T a b U A-2:

Full- and part-tlmo status of tho. civilian labor forco by sox and ago
(Numbers in thousands)
Seasonally adjusted

Full' and part-time
employment status, sex,
and age

Feb.
1973

Feb.
1974

Feb.
1973

Oct.
1973

Nov.
1973

Dec.
1973

Jan.
1974

Feb.
1974

Total, 16 year* and over:
Civilian labor force.
Employed
Unemployed. . . . . . . . . . .
Unemployment rate

73,371
69,621
3,749
5.1

75,572
71,650
3,923
5.2

75,256
71,793
3,463
4.6

76,583
73,473
3,110
4.1

76,764
73,439
3,325
4.3

76,807
73,406
3,401
4.4

77,458
73,842
3,616
4.7

77,585
73,958
3,627
4.7

Men, 20 year* and orer;
Civilian labor force. . . . . . .
Employed
Unemployed . . . . . . . . . .
Unemployment rate

46,321
44,406
1,915
4.1

47,411
45,428
1,983
4.2

46,806
45,248
1,558
3.3

47,374
46,042
•1,332
2.8

47,430
46,066
1,364
2.9

47,536
46,156
1,380
2.9

47,792
46,256
1,536
3.2

47,922
46,308
1,614
3.4

•omen. 20 years and over:
Civilian labor force
Employed . . . . . . . . . . . .
Unemployed
Unemployment rate . . . . . .

23,583
22,345
1,238
5.2

24,433
23,125
1,308
5.4

23,701
22,500
1,201
5.1

24,229
23,154
1,075
4.4

24,392
23,202
1,190
4.9

24,366
23,094
1,272
5.2

24,446
23,179
1,267
5.2

24,557
23,288
1,269
5.2

Full »I»*

Port Mm*
Total, 16 years and over:
12,563
13,317
13,171
13,861
13,190
13,186
13,067
13,312
Civilian labor force
12,644
12,228
11,578
12,216
12,203
12,085
12,314
11,975
Employed
1,217
985
962
983
1,095
1,003
1,086
1,092
Unemployed
8.8
7.3
8.2
7.8
7.5
Unemployment rate >
7.5
8.2
8.4
NOTEt Persona on part-time schedules for economic reasons are included in the full-time « nployed category; unemployed persons are allocated by whether seeking full- or
part-time work.




Table A-3: Major unemployment indicators
(Seasonally adjusted)
Number of persons
( I n thousands)

Unemployment rates

Selected categories

Feb.
1973

Household heads
Married men
. ..
Full-time workers
Part-time workers
Unemployed 1S weeks and over 1
State insured 3
Labor force time lost 5 . . . .

Nov.
1973

Dec.
1973

Jan.
1974

Feb.
1974

4,753
1,783
1,607
1,363

5.1
3.4
5.0
15.6

4.6
3.0
4.4
14.0

4.7
3.0
4.7
14.5

4.8
3.0
5.0
14.4

5 . ,2
3 . ,4
5 . ,2
15. 6

5.
3,
5.
15.

3,768
950

4*6
9.0

4.1
8.4

4.2
8.9

4.4
8.6

4. 7
9. 4

4,
9.

1,539
966

1,588

.

Oct.
1973

3,565
881

White
Negro and other races

Feb.
1973

4,486
1,682
1,500
1,304

Total (all civilian w o r k e r s ) . . .
Men, 2 0 years and over
Women, 2 0 years and over
Both sexes, 16*19 years

Feb.
1974

1,553
977
3,627
1,092
830
2,035

3.0
2.4
4.6
7.8
1.0
2.8
5.4

2.7
2.1
4.1
7.5
.8
2.7
5.1

2.8
2.1
4.3
7.3
.9
2.7
5.2

2.8
2.2
4.4
7.5
.8
2.7
5.4

3. 0
2. 3
h. ,7
2
8
Or
7

3.0
2.4
4.7
8.4
1.0
3.2
5.7

1,249
245
142
210
652
1,755
442
914
3 99
712
79

1,347
256
163
235
693
1,939
463
1,019
457
725
72

3.0
2.0
1.6
3.7
4.3
5.7
3.9
6.1
8.8
6.2
2.5

5.1
2.5

5.6
8.6
5.9
2.3

3.1
2.3
1.4
4.5
4.3
5.2
3.2
5.8
8.3
6.2
2.4

3.2
2.5
1.7
4.0
4.5
6.0
3.8
7.0
8.4
5.5
1.9

3.2
2.0
1.8
4.2
4.5
6.1
3.9
6.8
9.3
6.1
2.1

3,243
393
957
515
442
145
926
794
368
96

3,521
366

4.5
9.0
3.9
3.7

4.8
9.1
4.3
3.6

3,463
985
898

Occupation 4
White-collar workers
Professional and technical
Managers and administrators, except farm
Sales w o r k e r s . , .
Clerical workers
,
Blue-collar workers
.
Craftsmen and kindred workers
Operatives
Nonfarm laborers
Service workers
Farm workers

...

Industry 4
Nonagricultural private wage and salary workers 5
Construction . . . . . . . . . . . . . .
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale and retail trade
Finance and service industries
Government workers
Agricultural wage and salary workers

1,151
646
505
150
954
881
406
105

5.0
8.2
4.3

6.4

6.1
4.5
2.5
6.3

1

Unemployment rate calculated as a percent of civilian labor force.

J

Insured unemployment under State progr aim-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 unemployed 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.

r =

revised.

Table A-4: Unemployed persons 16 years and over by duration of unemployment
(Numbers in thousands)

Seasonally adjusted
Duration of unemployment




1973

Oct.
1973

Nov.
1973

Dec.
1973

Jan.
1974

Feb.
1974

2,383
1,851
905
574
331

2,264
1,264
898
533
365

2,001
1,283
756
431
325

2,243
1,235
820
469
351

2,308
1,270
740
409
"331

2,466
1,437
768
440
328

2,427
1,426
830
505
325

9,7

10.5

10.3

10.0

9.3

9.4

9.6

Feb.
1973

Feb,
1974

FiF:

2,224
1,641
979
608
372
10.6

Table A-5:

Unemployed persons by reason for unemployment

(Numbers in thousands)
Seasonally adjusted
Reason for unemployment

Feb.
1973

Feb.
1974

Feb.
1973

Oct.
1973

2,182
678
1,432
553

2,565
769
1,292
514

1,745
661
1,374
677

1,461
678
1,253
612

1,664
783
1,227
590

100.0
45.0
14.0
29.6
11.4

100.0
49.9
15.0
25.1
10.0

100.0
39.2
14.8
30.8
15.2

100.0
36.5
16.9
31.3
15.3

2.5
.8
1.7
.6

2.9
.9
1.4
.6

2.0
.8
1.6
.8

1.6
.8
1.4
.7

1

Nov.
1973

j

Dec.
1973

Jan.
1974

Feb.
1974

1,761
765
1,266
593

2,006
731
1,252
682

2,052
750
1,240
630

100.0
39.0
18.4
28.8
13.8

100.0
40,2
17.4
28.9
13.5

100.0
42.9
15.6
26.8
14.6

100.0
43.9
16.1
26.5
13.5

1.9
.9
1.4
.7

2.0
.8
1.4
.7

2.2
.8
1.4
.8

2.3
.8
1.4
.7

!

1

Number of unemployed

Percent distribution

Unemployed as a percent of the
civilian labor force

Table A-6:

Thousands of persons
Age and s e x

Unemployed persons by age and sex

Percent
looking for
full-time
work

Seasonally adjusted unemployment rates
Feb.
1973

Oct.
1973

Feb.
1973
Total, 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 . . - .
Males, 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 . . . .
F e m a l e s , 16 years and over
16 to 19 y e a r s , *
16 and 17 years . * * . .
18 and 19 years
20 to 24 years
25 y e a r s and over
25 to 54 years
55 years and over * • . .




Feb.
1974

4,845

5,140

76*3

5.1

4.6

1,200
572
* 629
1,095
2,550
2,104
446

1,260
613
647
1,209
2,671
2,197
474

50.1
27.4
71.6
83.6
85.4
86.6
79.5

15.6
18.1
13.3
8.1
3.3
3.4
2.8

14.0
16.4
12.
6.
2.
2.
2.

2,713

2,899

80.0

4.3

3.9

646
337
308
630
1,437
1,182
254

708
374
334
697
1,494
1,173
321

47.6
29.4
68.0
85.8
92.8
96.2
80.4

2,132

2,241

71.5

6.3

5.6

555
234
321
464
1,113
922
191

552
239
313
512
1,177
1,024
153

53.3
24.3
75.4
80.7
76.1
75.7
78.4

17.4
18.8
15.8
8.4
4.3
4.5
3.5

14.8
17.3
13.0
7.3
3.8
4.1
2.5

Feb.

1974

Nov.
1973

4.7
14,
17,
12.
7,
3.
3,
2,

4.8
14,
16,
12,
7.
3.
3.
2.

Jan.
1974

5.2
15.
19.
13.
8.
3.
3.
2,

Feb.
1974

5.2
15,
17.
12.
8,
3,
3,
2,

4.0

4.4

4.5

13,
16.
11,
6,
2.
2,
2.4

14.1
18.8
11.2
7.9
2.7
2.7
2.6

14.6
18.0
11.6
8.3
2.8
2.7
2.9

5.9

6.2

6.6

6.4

14.8
17.2
13.1
7.9
4.1
4.4
2.7

15.4
17.2
14.0
8.9
4.2
4.6
2.8

17.3
20.1
15.6
9.3
4.2
4.6
3.1

16.2
17.8
14.4
9,0
4.3
4.8
2.9

4.0
14.
17.
12,
6.
2.
2.
2.

14.
17.
11,
7.
2,
2.
2,

Dec.
1973

HOUSEHOLD DATA

HOUSEHOLD DATA

Table A - 7 :

Employment status of male Vietnam Era veterans and nonveterans 2 0 to 3 4 years of age
(Number* i n thousands)
Seasonally adjusted

Employment tutus

Feb.

Jan.

Feb.

Feb.

1973

1974

1974

1973

5,544
5,130
4,790
340
6.6

5,935
5,653
5,311
342
6.0

6,018
5,689
5,328
361
6.3

5,544
5,179
4,908

1,791
1,598
1,397
201
12.6

1,488
1,370
1,205
165
12.0

2,865
2,676
2,568
108
4.0

_j._973

Nov.
1973

Dec.
1973

Jan.
1974

271
5.2

5,833
5,497
5,251
246
4.5

5,865
5,503
5,300
203
3.7

5,900
5,589
5,348
241
4.3

5,935
5,712
5,417
295
5.2

1,446
1,323
1,153
170
12.8

1,791
1,625
1,466
159
9.8

1,577
1,431
1,314
117
8.2

1,546
1,382
1,282
100
7.2

1,517
1,366
1,263
103
7.5

1,488
1,377
1,231
146
10.6

3,243
3,102
2,963
139
4.5

3,375
3,194
3,041

2,865
2,699
2,613
86
3.2

3,139
2,974
2,874
100
3.4

3,173
3,004
2,928
76
2.5

3,208
3,062
2,957
105
3.4

3,243
3,139
3,027
112
3.6

888
856
825
31
3.6

1,204
1,181
1,143
38
3,2

1,197
1,172
1,134
38
3.2

888
855
829
26
3.0

1,117
1,092
1,063
29
2.7

1,146
1,117
1,090
27
2.4

1,175
1,161
1,128
33
2.8

1,204
1,196
1,159
37
3.1

13,983
12,351
11,587
764
6.2

14,659
13,185
12,366
819
6.2

14,664
13,030
12,189
841
6.5

13,983
12,586
11,933
653
5.2

14,626

14,701
13,360
12,739
621
4.6

14,814

13,227
12,669
558

13,487
12,858
629
4.7

14,659
13,406
12,711
695
5.2

6,384
5,108
4,679
429
8.4

6,819
5,687
5,205
482
8.5

6,878
5,651
5,124
527
9.3

6,384
5,350
4,971
379
7.1

5,751
5,422
329
5.7

,861
,871
,487
384
6.5

6,929
5,963
5,568
395
6.6

6,819
5,900
5,473
427
7.2

4,080*
3,861
3,660
201
5.2

4,099
3,879
3,684
195
5.0

3,999
3,760
3,569
191
5.1

4,080
3,866
3,702
164
4.2

4,155
3,944
3,788
156
4.0

4,168
3,947
3,781
166
4.2

4,193
3,961
3,801
160
4.0

4,099
3,887
3,733
154
4.0

3,519
3,382
3,248
134
4.0

3,741

3,787
3,619
3,496
123
3.4

3,519
3,370
3,260
110
3.3

3,659
3,532
3,459
73
2.1

3,672
3,542

3,692
3,563
3,489
74

Oct.

VETERANS'
Total, 20 t o 34 years
Civilian noninstitutional p o p u l a t i o n 3 .
Civilian tabor force
'.
Employed
Unemployed
Unemployment rate
2 0 t o 24 years
Civilian noninstitutional p o p u l a t i o n 3 .
Civilian labor force
Employed
Unemployed
Unemployment rate
25 t o 29 years
Civilian noninstitutional p o p u l a t i o n 3 .
Civilian labor force
Employed
Unemployed
,
Unemployment rate

153
4.8

30 t o 3 4 years
Civilian noninstitutional p o p u l a t i o n 3 .
Civilian labor force
Employed
Unemployed
Unemployment rate
NONVETERANS
Total, 2 0 t o 3 4 years
Civilian noninstitutional p o p u l a t i o n 3 .
Civilian labor force
Employed . . . . . . . . . . . . . . . . .
Unemployed . . . . . . . . . . . . . . .
Unemployment rate . . . . . . . . .

4.2

20 to 24 years
Civilian noninstitutional p o p u l a t i o n 3 ,
Civilian labor force
............
Employed . , . . , , . . . . . . . . . . ,
Unemployed . . . . . . . . . .
Unemployment rate

6,812

25 t o 29 years
Civilian noninstitutional population 3
Civilian labor force
Employed
Unemployed
Unemployment rate
30 to 34 years
Civilian noninstitutional p o p u l a t i o n 3 ,
Civilian labor force
Employed
Unemployed
Unemployment rate
1

cent
2

3,619
3,477
142
3.9

Vietnam-era veterans are those who served after August 4, 1964.

3,471
71
2.0

2.1

3,741
3,619
3,505
114
3.2

At present, of the Vietnam-era veterans of ail ages, 91 per-

are 20 to 34 years of age .
Since seasonal variations are not present in the population figures t

adjusted columns.




identical numbers appear in the unadjusted and seasonally

Table B - 1 :

Employees on nonagriculrural payrolls, by industry,

(In thousands)
Feb.
1973

Seasonally adjusted

Change from

CONTRACT CONSTRUCTION . . .

75,608

75,678

1,954

70

24,391

23,736

23,643

441

-93

642

639

643

45

3,184

MINING

77,391

598

GOODS4>RODUCING

Feb.
19741

23,202

TOTAL

Jan.
1974*

73,724

Industry

Dec.
1973

3,639

3,273

3,305

121

Feb.
1973

Dec.
1973

Change from

Jan*
1974J

Feb.
19741

76,626

76,520

76,695

175

24,468

24,291

24,248

-43

646

651

658

7

32

3,732

3,629

3,730

101

Jan.
1974

Jan.
1974

19,420

20,110

19,824

19,695

20,090

20,011

19,860

-151

14,799
11,878
8,737

14,530
11.699
8 , 566

14,401
11,578
8,446

275
143
219
112

-129

14,258
11,359
8,334

-129
-121
-120

14,771
11,859
8,712

14,699
11,774
8,633

14,546
11,640
8,498

-153
-134
-135

197.0
611.9
511.4
66K9
1,283.6
1,423.1
1,985.0
1,939.2
1,844.8
478.8
422.6

191.4
63 6 . 3
532.0
699.5
1,339. 1
1,481.5
2,127.8
|2,069.4
1,847.3
515.7
438.0

190.6
624.2
526.8
680.8
1,331.2
1,461.4
2, 1 2 8 . 1
2.047.0
1,770.5
513.9
424.8

190.3
628.9
520.8
682.3
1,328.2
1,454.1
2,128.9
2,026.4
1,676.6
515.9
425.8

-6.7
17.0
9.4
20.4
44.6
31.0
143.9
87.2
-168.2
37.1
3.2

-.3
4.7
-6.0
1.5
-3.0
-7.3
8
-20. 6
-93, 9
2, 0
1, 0

190
645
527
707
1,354
1,470
2,128
2,057
1,827
514
440

190
643
527
702
1,341
1,469
2 , 132
2,051
1,760
515
444

191
646
523
703
1,331
1,463
2,116
2,032
1,677
518
440

1
3
-4
-10
-6
-16

8,061

8,232

8,125

8,117

56

-8

8,231

8,237

8,220

-17

5,924

6,062

5,964

5,955

31

-9

6,059

6,066

6,048

-18

1,673.5
70.5
1,019.6
1,350.0
704.8
1,090.6
1,007.4
180.6
668.2
295.3

1,735.7
79.2
1,034.8
1.319.4
728.3
1, 1 1 2 . 8
1,039.2
190.2
696.0
296.5

1,693.7
75.3
1, 024.8
1,296.4
723.8
1,103.3
1,035.8
187.5
688.9
290.9

1,684.3
73.8
1,022. 1
1,306.3
722.5
1,108.2
1,033.8
188.2
684.9
293.2

10.8
3.3
2,
-43,
1717,
26,
7,
16.7
-2.1

4
5
7
9
3
9
0
.7
-4.0
2.3

1,753
75
1,030
1,321
724
1, 105
1,042
192
693
296

1,764
76
1,028
1,316
728
1, 106
1,044
192
692
291

1,762
77
1, 025
1,305
728
1.109
1,040
193
688
293

-2
1
-3
-11
0
3
-4
1
-4
2

50,522

53,000

51,872

52,035

1,513

163

52,158

52,229

52.447

218

4,507

4,644

4,618

4,604

97

-14

4,644

4,684

4,679

-5

15,776

17,113

16,292

16,139

363

-153

16,398

16,419

16,484

65

3,974
11,802

4,181
12,932

4,148
12,144

4 , 147
11*992

173
190

-1
-152

4 , 152
12,246

4,177
12,242

4,197
12,287

20
45

3,978

4,080

4,068

4,086

108

18

4,101

4 , 105

4,123

IS

SERVICES

12,530

13,062

12,900

1 3 , 054

524

154

13,128

13,123

13,213

90

GOVERNMENT

13,731

1 4 , 101

13,994

14,152

421

158

13,887

13,898

13,948

2,619

2,677

2,642

2,647

28

5

2,654

2,658

2,658

1 1 , 112

11,424

11.352

11,505

393

153

11,233

11,240

11,290

MANUFACTURING
Production tuorkers
DURABLE GOODS

Production ttorkers
Ordnance and accessories
•
Lumber and wood products . . . . .
Furniture and fixtures
Stone, clay, and glass products . .
Primary metal industries . . . . . .
Fabricated metal products
Machinery, except electrical
Electrical equipment
Transportation equipment
Instruments and related products .
Miscellaneous manufacturing
NONDURABLE GOODS

Production ivorker* . . . . . . .
Food and kindred products
Tobacco manufactures
Textile mill p r o d u c t s . . . . . . . . .
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products. . .
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products. . . .

SERVICEPRODUCING

TRANSPORTATION AND PUBLIC
UTILITIES

WHOLESALE AND RETAIL TRADE.
WHOLESALE TRADE *
RETAIL TRADE

FINANCE, INSURANCE, AND
REAL ESTATE

FEDERAL
STATE AND LOCAL

p - preliminary.




*

-19
-83
3
-4

50
0
50

T a b l e B-2: A v e r a g e w e e k l y 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

Industry

Feb.
1973

Dec.
1973

Jan.
1974 1

Feb. 1
1974

Seasonally adjusted

Change from

Feb.
1973

Jan.
1974

Dec.
1973

Jan.
1974E

Feb. 1
1974

36.8

37.2

3 6.4

36.5

-0.3

0. 1

37.0

36.7

36.9

MINING

41.4

43.5

42.2

42.5

1.1

.3

43.3

42.5

43.1

CONTRACT CONSTRUCTION

34.9

36.6

34.9

36.2

1.3

1.3

37.2

36.2

37.5

MANUFACTURING
Overtime hours • * • • *

40.6
3.7

41.2
3.8

39-9
3.3

40.1
3.2

-.5
-.5

.2
-. 1

40.7
3.7

40.2
3.4

40.5
3.4

41.6
4. 1

41.9
4. 1

40.4
3.4

40.6
3.3

1.0
-.8

.2

41.3
3.9

40,
3

41.0
3.5

42.7
40.1
39-8
41.4
42.4
41.4
42.8
4 0 .. 6
4 2 .. 7
4 0 .. 5
39.1

43.0
40.9
40.4
42.1
42.4
42.0
43.7
40.7

42.0
39.9
38.9
40.8
41.7
40.5
42.4
39.6

-.7
-.2
-.9
-.6
-.7
-.9
-.4
1.0

.6
.6
-.2
.4
-.2
. 1
.2
0
.5
.2
.7

42.6
40.9
39.6
42.2
42.4
41.5
42.9
40. 1

41.5
40.2
39.7
41.4
41.9
40.8
42.2
39.7

42.0
40.5
39.7
41.6
41.7
41 0
42, 5
40.1

42.4
41.5
39.1

41.4
39.3
39.1
40.4
41.9
40.4
42.2
39.6
39.7
40.4
37.9

41.0
41.0
38.8

40. 1
40.6
38.2

40,
40,
38.9

39.3
3.2

40.1
3.5

39.1
3. 1

39.3
3.0

39*8
3.4

39.5
3.3

39-7
3.2

39.6
37.3
40.9
35.8
42.6
37.6
41.8
41.2
41.2
37.7

41.2
39.8
41.2
35,
43,
38.
42,
42,
41
38,

40.5
39.2
40.0
34.7
42.5
37.1
41.6
41.8
40.5
37.1

40.0
38.8
40.3
35.3
42.3
37.3
41.9
41.9
40.7
37.7

.4
1.5
-.6
-.5
-.3
-.3
.1
.7
-.5
0

40.9
38.9
40.8
35.9
42.8
37.8
41.9
42.7
41.0
37.5

40.8
39.8
40.4
35, 2
42. 7
37. 6
41, 7
42, 5
40, 6
37. 1

40.7
40.0
40.6
35.5
42.7
37.7
42. 1
42.6
41.0
37.8

TRANSPORTATION AND PUBLIC
UTILITIES

40.3

40.6

40.3

40.1

-.2

40.4

40*7

40*2

WHOLESALE AND RETAIL TRADE

34.5

34.7

33.8

33.8

-.7

34.5

34.2

34.3

39.5
32.9

39.5
33.2

38.7
32.2

38.7
32.3

-.8
-.6

39.1
32.9

38.9
32.7

38.9
32.9

FINANCE, INSURANCE, AND
REAL ESTATE

37.1

37.2

37.0

37.0

-.1

37.2

37.0

37.0

SERVICES

33.9

34.0

33.8

33.9

34.0

34.0

34.1

TOTAL PRIVATE

DURABLE GOODS *

Overtime hours
Ordnance and accessories. . . . .
Lumber and wood products. . . .
Furniture and fixtures
Stone, clay, and glass products ,
Primary metal industries
Fabricated metal products
Machinery* except electrical . . .
Electrical equipmenr
T r a n s p o r t a t i o n equipment

Instruments and related products
Miscellaneous manufacturing. . .

NONDURABLE GOODS• • • * •

Overtime hours
Food and kindred products
Tobacco manufactures .
Textile mill products
Apparel and other textile products
Paper and allied products . . . . . .
Printing and publishing
Chemicals and allied products. . .
Petroleum and coal products . . . .
Rubber and plastics products, nee
Leather and leather products

WHOLESALE TRADE
R E T A I L TRADE

40.2
40. 6
38.6

.1

W a relate to production worker, in mining and manufacturing, to construction workers In Contract construction: and ^ . ^ ^ ^ . ^ ^ \ ^ ^ ^ ^ i ^ U
utilities; wholesale Tnd retail trade; finance, insurance, and real estate; and services. These groups account for approximately four-fifths of the total employment on private
nonagricultural payroll*.
p = preliminary.




c

A v e r a g e hourly a n d w e e k l y earnings of production or nonsupervisory w o r k e r s 1

T a b l e B-3:

on private n o n a g r i c u l t u r a l payrolls, by industry
Average hourly earnings

Feb.
1973
$3.78
3,78
4.55

TOTAL PRIVATE.
Seasonally

adjusted

MINING

Dec.
1973
$4.01
4.02
4.92

$4.02

$4.03

4.02

4.03

4.98

4.96

6.31

6.70

6.73

Average weekly earnings
Change from

6.73

Jan. _
19741

F e b . .]
1974

Feb.
1973
0.25
.25
.41

Jan.
1974
$0.01
. 01
-.02

Feb.
1973
$139.10
140.62
188.37

Dec.
1973

Jan. D
1974 P

Feb.t
1974*

$149.17 $146.33 $ 1 4 7 . 1 0
1 4 8 . 7 4 147.53 1 4 8 . 7 1
2 1 4 . 0 2 210.16 2 1 0 . 8 0

Change from

Feb.
1973
$8.00
8.09

Jan.
1974
$0.77
1.18
.64

22.43
CONTRACT CONSTRUCTION.

220.22

245.22

234.88

243.63

8.75
23.41

3.97

MANUFACTURING

4.21

4.21

4.20

.23

-.01

161.18

173.45

167.98

168.42

.44
7.24

DURABLE GOODS.

4.23

4.48

4.47

4.46

.23

-.01

175.97

187.71

180.59

181.08

.49

5.11
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 f i x t u r e s
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 . . . • .
F a b r i c a t e d metal p r o d u c t s . . . . .
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 . . . . . . . .

4 . 15

4.48
3.66
3.36
4.27
5.24
4.38
4 . 72
3.98
5.29
4.02
3.40

4.46
3.68
3.38
4.29
5.21
4.38
4.75
3.96
5.25
4. 04
3.40

.31
.21
.21
.25
.35
.23
.30
.18
.25
.22
. 18

-.02
.02
.02
.02
-.03
0
.03
-.02
- . 04
.02
0

177.21
139.15
126. 17
167.26
206.06
171.81
190.46
153.47
213.50
154.71
125.90

193.07
150.51
135.74
180.61
221.75
184.38
207.58
161.99
225.57
167.66
131.38

185.47 187.
143.84 146.
131.38 1 3 1 .
172.51 175.
219.56 2 1 7 .
176.95 177.
199.18 2 0 1 .
157.61 156.
210. 01 2 1 1 ,
162.41 164.
128.86 131.

3.80

3.82

3.83

.24

.01

141.09

152.38

149.36

3.97
3.87
3, 07
2 83
4 31
4, 79
4, 60
5, 27
3, 91
2.87

3.99
3.93
3.06
2.85
4, 32
4, 79
4, 63
5, 3 7
3, 92
2. 90

4.02

.27
.25
.18
.15
.24
.24
.28
.32
.21
. 13

.03
-.03
0
.02
-.01
.03
0
.04
.02
.01

148.50
136.15
117.79
97.38
173.38
172.21
181.83
209.71
153.68
104.81

163.56
1 54. 03
126.48
101.60
186.19
183.46
194. 12
223.45
161.48
109- 63

5.22

197.47

4.49
3 . 68
3.36
4.29
23

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. . .

3.59

NONDURABLE GOODS•

F o o d and kindred p r o d u c t s . .
T o b a c c o manufactures . . . . .
T e x t i l e mill p r o d u c t s
Apparel and other t e x t i l e products]
P a p e r and a l l i e d products . * .
Printing 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 c o a l 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 , nee
L e a t h e r and leather p r o d u c t s .

TRANSPORTATION AND PUBLIC
UTILITIES

4.90

5.19

5.22

WHOLESALE AND RETAIL TRADE

3 . 13

3.28

3.34

4.02
2.80

4.27
2.94

4*28

4.30

2.99

FINANCE. INSURANCE, AND
REAL ESTATE

3.56

3.72

SERVICES

3.28

3.48

WHOLESALE TRADE
RETAIL TRADE

J

SL'C footnote 1, table B-2.

p - prcliminjry.




•

10. 11
7.68
5.31
7.77
11.20
5.58
10.94
3.35

1.85
2.99

-2.45
9.31
5.34

10
2 . 52
2.30
.44
2.22
-.79
1.04
1.61
2.38

150.52

9.43

1. 16

161.60
154.06
122.40
98.90
183.60
177.71
192.61
224.47
158.76
107.59

160.80
151.32
123.32
101.31
182.31
179.79
194.00
226.68
160.36
109-71

12.30
15. 17
5.53

-.80
-2.74

3.93
8.93

2.41
-1.29
2.08

210.71

210.37

7.58
12.17
16.97

.92

1.39

6.68
4.90

2.21
1. 60
2 . 12

209.32

11.85

-1.05

.11

.01

107.99

113.82

112.89

113.23

5.24

.34

.28
.19

.02

2.99

158.79
92. 12

168.67
97.61

165.64
96.28

166.41
96.58

7.62
4.46

.77
.30

3.72

3.73

.17

.01

132.08

138.38

137.64

138.01

5.93

.37

3.50

3.50

.22

'111. 19

118.32

118.30

118.65

7.46

.35

Table B-4.

Hourly Earnings Index for production or nonsupervtsory workers
in private nonfarm industries, seasonally adjusted

( 1 9 6 7 = 1001
Percent change from

Feb.
1973

Sept.
1973

Oct.
1973

Nov.
1973

Dec.
1973

Jan.P
1974

Feb.P
1974

Current dollars

142.5

149.0

149.6

150.3

151.3

151.7

152.1

Constant (1967) dollars

110.7

110.0

109.5

109.1

109.3

108.4

N
A

Mining .

141.5

149.5

148.4

150.2

152.2

153.7

153.4

8.4

Contract construction .

151.8

159.1

159.2

160.3

161.2

160.2

162.0

6.7

Manufacturing

139.7

145.4

146.5

147.0

147.9

148.5

149.2

6.8

Transportation and public u t i l i t i e s .

151.5

158,5

159.8

160.0

160.2

161.5

161.5

6.6

Wholesale and retail trade

139.2

145.7

146.2

146.9

147.9

148.8

148.8

6.9

Finance, insurance, and real estate .

137.0

143.4

142.7

143.6

145.5

144.9

144.6

5.5

142.3

148.8

149.1

149.9

151.3

152.1

152.0

6.8

Industry

Feb. 1973 Feb. 1974

Jan. 1974
Feb. 1974

Total private n o n f a r m :

1/
"2/
][/
NA

Percent change
Percent change
Less than 0.05
indicates data

6.7

.3

1/

3/

-.1

was -2.6 from January 1973 to January 1974, the latest month available.
was -0.8 from December 1973 to January 1974, the latest month available.
percent.
are not available.
P=Preliminary.

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

TOTAL EMPLOYMENT

CIVILIRN LABOR FORCE

ADULT MEN

TOTAL EMPLOYMENT
NONAGRICULTURAL EMPLOYMENT
THOUSANDS
9SOO0

ADULT WOMEN
TEENAGERS
95000

THOUSANDS
60000

V

F

85000

r

f
P

9

T

f*»*'

r
./'

F
70000

65000

Z

y

s
r

y

1f

/
*\,%» ..</

y

/

]

/

40000

r

30000

-

1

J

*r

40000

1 —l+* m ~T

\
75000
J

sr

]
J

80000

f

50000

h
85000

20000

70000

r "^

,—** m*

"t"1"1"

UIMIMJU*

lf ^ r)it

H U I M U MUIIHUI

ttlmlalii

itlwLilw tiUiliihil

1885 1806 1897 1868 1868 1970 1871 1972 1973 1974

3.

J

30000

******
\
20000

F

1

H

65000

L l v L t l u tjMLUU

60000 '

r

\

50000

i i i .

/

r

L
75000

r

4*

*

H

—j

j

80000

J 90000

\

T'f

90000

60000

10000

10000

" ' • f ' " ' - taUluhi
nlnliiln
Hiiiihih M L U I M I U L l u L i l u I I I M I B U I
0"I H I K I H I I I
1965 1966 1867 1968 1968 1870 1971 1872 1973 1974

4.

UNEMPLOYMENT

UNEMPLOYMENT
ADULT MEN
ADULT WOMEN
TEENAGERS

ALL CIVILIAN WORKERS
F U L L - T I M E WORKERS
MARRIED MEN

1750

1500

1250

1250

1000

1000

750

750

5000

4000

2000

1500

5000

22S0

1750

6000

THOUSANDS
2250

2000

THOUSANDS
6000

4000

3000

3000

2000

2000

1000

1000

1965 1966 1967 1968 1969 1970 1971 197Z 1973 1974




5 0 0 1-i-'-l'-'-'r'"'-'-'"1-'"1"'"'-'''-'-'"1"1'-1-1"*-1"1-1"1"'"1"1"1-'"1"'"1"1"1 '-ifwP 5 o o
1965 1966 1967 1968 1968 1970 1971 1972 1979 1974

UNEMPLOYMENT RATES
HOUSEHOLD DATA - SEASONALLY ADJUSTED
5 . UNEMPLOYMENT RATES

6 . UNEMPLOYMENT RATES

RLL CIVILIAN WORKERS
STfiTE INSURED MARRIED MEN

TEENAGERS
AOULT WOMEN
AOULT MEN

PERCENT
7.0

Q

'-'--'•"-'

«..i..l..i-i-i..l-i^i..«-l-i-i..i-l-^i-.-.l-i-i..i-L.i-i..i-l..i-i..i-l-i..i..i..l

i

Q

1865 1966 1867 1868 1868 1970 1971 1872 1879 1974

15.0

10.0

5.0

a

20.0

10.0

\

PERCENT
20.0

15.0

7.0

5.0

Q . Q lnlMlnliiliiliiliiliiliiliilyhiLilMUl JiilHliiliiliiliiUlii1iil»bil J>iUlid»li*biliil JMIHIHIIII
1865 1866 1867 1968 1868 1970 1871 1972 1979 1974

7 . UNEMPLOYMENT RATES

8 . UNEMPLOYMENT RATES
PART-TIME WORKERS
FULL-TIME WORKERS

NEGRO RND OTHER RACES
HHITE
PERCENT
12,5

12.5

I

10.0

J
A\

.

K

h-~ ' ^

kA
-I w
n

1

I
5.0

i
t

9

i *Aw ^

*

5.0

2-5

J

^J
J

/

iv ]/f\

7.5

5.0

^

10.0

7.5

Av\

10,0

H

J
1

I

r
2.5

PERCENT
10.0

H

I

7.5

0-0

Vv
-•-•'

•luiufai

>
IIIMIMIII

iiliilnlnl •niiiiiiJ

1865 1966 1967 1968 1868 1970 1871 1872 1873 1874

2.5

0.0

1965 1966 1967 1968 1969 1970 1971 1972 1979 1974

0.0

* State insured unemployment rate pertains to the week including the 12th of the month and represents the insured unemployed under
Stotc programs as a percent of average covered employment. The figures are derived from administrative records of unemployment insurance
systems.




UNEMPLOYMENT
HOUSEHOLD DATA - SEASONALLY
9.

UNEMPLOYMENT RATES

10-

ADJUSTED

UNEMPLOYMENT RATES

BLUE COLLAR WORKERS
SERVICE WORKERS
WHITE COLLAR WORKERS

CONSTRUCTION
MANUFACTURING

PERCENT
8.0

PERCENT
15.0

15-0

12.5

12-5

10.0

10.0

7.5

7-5

5.0

5.0

2.5

Z.5

3.0

2-0

1.0

^•*'*>'""»»*t"'»^>^MtJaUliitwliJiiliiliiliiliilytJiitiilMliiLit»lMlJiilii1iili)lii1ti>iitiil
1 9 6 5 1966 1967 1968 1968 1970 1971 1872 1973 1974

J

n

Q

^g

l..>..i..i^i..i^i^t..l..i,.i

l.,t.,i^i^i„i„i..i^i

i„ t ,i

t,.i..t..i-i_i-l^i^i..i..L.i^i^..l

g

s

g

1865 1866 1867 186B 1869 1870 1871 1872 1973 1874

11 * AVERAGE DURATION
OF UNEMPLOYMENT

12-

UNEMPLOYMENT BY REASON
JOB LOSERS
REENTRANTS
NEW ENTRANTS
JOB LEAVERS

THOUSANDS
2500

2500

2000

2000

1500

1500

1000

1000

500

13.0

500

12.0

11.0

10.0

9.0

8.0

7

0

l....i ...L..... L. i. ...L.-I .,-L^i.. I, ..i l..i,.t-J..^i,iJ i i [,.1„I.1MIJ
1965 1900 1907 i968 1989 1970 1971 1872 1973 1874




7,0

n

|l-^.^1,i..i-t..i..t.,i,.i.li.ltl.i..t,.t».i..i..i..i..i.Jl.t..i..ti.t.,i..i..i..f..i11f,.i1.)

1887

1968

1969

1970

1971

1972

1973

1974

Q

NONflGRICULTURflL EMPLOYMENT AND HOURS
ESTABLISHMENT DATA - SEASONALLY ADJUSTED
13.

EMPLOYMENT

14.

TOTAL NONAGRICULTURAL
SERVICE-PRODUCING
GOODS-PRODUCING
MANUFACTURING
THOUSANDS
ouuuu

f

•

[
k
P

J

J
-j

70000

[

H
50003

-»•*'
#•

m+~*

-»*""

--***

pl.---

(^***

^„*»*'

• - —' ^— *

2000

2000

1750

1750

1500

1500

1250

1250

1000

70000

]

60000

40003

MAN-HOURS

TOTAL PRIVATE NONHGRICULTURAL
PRIVATE SERVICE-PRODUCING
GOODS-PRODUCING
MANUFACTURING
MILLIONS OF MAN-HOURS
2250
J 80000 2250

1000

60000

4

H 50000

j
40000
J
J
i

H

300M

20080 j

l#

^-*—"
.^—•1

^ . M > * til——»

•••••**"]

—**m.

,

-H

innnnI "•- < " t "' MiJilmJ Mllllwllll nlnlnlJ ulnhilJ ..hil-J M I M I I I I J MIBIIIIIII „

15.

' ' » '

,

J
H
tl

.lyjt.

30000
750
20000

500

ttlyli|>il

AVERAGE WEEKLY HOURS

HOURS
42.0

16.

42*0

AVERAGE WEEKLY OVERTIME HOURS
IN MANUFACTURING
HOURS
5.0

5.0

-

J

^

40.0

\A

h

J. J

1

f"ff

41.0
4.0

l—J

1 1 1 , 1

Vr
1

1

\

41.0

xU—k

500

MANUFACTURING
TOTAL PRIVATE

L

750

V^^/L^"—1

40.0

tfv

3.0

J

\

fV

]

A

HWiLnl

14-0

2.0

2.0

\

3.0

Ml

39.0

39-0

1 \r\

1

36.0

38.0

•*^v

f

V,
•

37.0

36.0

1

1

1,

i..i..i^i..

HIMUIH

HtO^

- ' • ' " - -

aIakIM

Ju

fiflfc

. 1 * '

1

vv

i j

Hliilwii*

1965 1966 1967 1968 1969 1870 1871 1972 1873 1974

1.0

1.0
37.0

36.0

Q

s

L..1..I..I
Q IMIIITHIHI

l^l^l..l.,t..li.l-l M I..L»..t
IHIHIHIHIHIIIIIIIHIHIIIIHIHI

I..I.IIM
IMIMI.II..I^1^JJMI»I
luhilwlI . . I » Iiiliiltihiliilnliilnliil

ILt..l..l..l Q
tiilnl

1965 1986 1987 I860 1969 1970 1971 1972 1973 1974

NOTE: Charts 14 and 15 relote to production or nonsuporvisory workers; chart 15 relates to production workers. Data for the 2 most
recent months are preliminary in charts 13-16.




mQ