Full text of National Economic Trends : December 1980
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n f m o n m Economic t r e d d s P R E P A R E D M o n th E n d in g : T h e b e in g T h e s e b y a a n n u a l r a te It a p p e a rs w a s a s e x c e e d e d b y th e r e c e s s io n o n ly th e p e r io d th e s e th e d e c lin e s o f 1 9 8 0 s to c k . a n d p e rc e n t w h ic h O F ST. L O U I S r a te in o f r e c e s s io n In d u s t r ia l p a y r o ll is fir s t in fo u r D e c e m b e r p r o c e e d in g p r o d u c tio n e m p lo y m e n t in c r e a s e th e in ro s e 3 1, a 3 .4 b r is k ly , a t a 1 8 .3 p e rc e n t p r o d u c tio n fo llo w in g 1980 q u it e a d v a n c e d a t in d u s tr ia l m o n th s o f w h ic h in T h e o c c u rre d u n u su a l d o w n tu rn s . in d u s tr ia l T h e 1 98 0 h o u s in g a n d r e t a il s a le s th e r a te . a n d 1975 a 0 .8 tro u g h in th e a t s e c to rs w a s 2 .9 r a te w e re s ta r ts th e th e th is th a t th e r e c e s s io n w a s ra te 1 9 7 3 -7 5 w a s p a r t ic u la r ly / u n e q u a le d p e rc e n t in m a r k in g d u r a tio n , sh o w s la s t h o u s in g a p e rc e n t o f t a b le th e s a le s in 1 9 8 0 , b y a n y su rp a sse d in th e 1980 r e c e s s io n — a r a te . b e e n s m a ll b y e m p lo y m e n t in te rm s la s t o f o c c u rre d a n d o f 48- Ju ly 53- A u g 49 M a y 54 A p r il M o ) - 5 .0 % 0.0 (8 M M o ) T h e 1 9 6 0 -6 1 th e o n ly a n d to b e re c e n t 1 9 6 9 -7 0 a s s o c ia te d d e c lin e s r e c e s s io n s T h e w ith in d o w n tu rn s , r e la tiv e ly th e r is in g in w h ic h a n d s tro n g r e la tiv e d o w n tu rn s . C h a n g e N o v (1 0 th e th e s e O c t r e c e s s io n s , in d u s t r ia l p r o d u c tio n . a p p e a rs d u r in g A n n u a l R a te s in tw o s ta n d a rd s . w e re d e c lin e s r e c e s s io n s to la s t h is to r ic a l th e tw o p r io r C o m p o u n d e d (1 1 a u to m o b ile d e c lin e d in d u s t r ia l p r o d u c tio n Ju ly te rm s d u r in g r e d u c tio n 4 .0 in in a c c o m p a n y in g a u to m o b ile th e a o c c u rre d P e r s o n a l in c o m e a n d in a t th e T h e p r o d u c tio n d e c lin e a v a ila b le , s a le s r e c e s s io n s o m e w h a t in c r e a s e d c iv ilia n m ild p a s t N o m in a l r e t a il h a v e w e re a s a re la te s t A lth o u g h d e c lin e d a ta in th e n . d o w n tu rn . in f la t io n b e h a v io r e n e rg y o f r e c e s s io n . d e c lin e o f W a r r e c e s s io n . s im ila r d o w n tu rn s e m p lo y m e n t p r ic e 1 9 .1 th e m o n e y N o v e m b e r tro u g h 1 95 7-58 fo r e m p lo y m e n t s m a lle r fro m th e w id e s p r e a d c o m p a r is o n , a G iv e n th e r a te th e 1 97 3-75 B y w ith c iv ilia n a W o r ld a n d la t e s t p o s tw a r b y o f p a y r o ll e m p lo y m e n t th a t a n n u a l o n ly b y r e c e s s io n . a c t iv it y to w ith s in c e d e e p p e a k - to - tro u g h a ffe c te d Ju ly in B A N K R e le a s e d : e x p a n s io n fro m R E S E R V E 1 98 0 e c o n o m ic in c r e a s e r e c e s s io n r e c e s s io n FE D E R A L a c t iv it y . n o w s h o rte s t 3 0 , c o m p a re o f e c o n o m ic in r a p id r a te a d v a n c e s p e r c e n t in re b o u n d fu e le d p e r c e n t N o v e m b e r B Y 57- F ro m P e a k A p r il 58 F e b o ) to 60- 61 (1 0 M o ) 2. 1 T ro u g h D e c 69- N o v 73- Ja n N o v 70 M a r 75 Ju ly M o ) (6 M (1 1 % M o ) (1 6 5 .9 % 8080 o ) - 1 .0 % - 0 .6 % - 4 .7 3 .1 4 .0 - 2 .9 8 .3 % - 6 .3 - 1 1 .6 - 1 5 .5 7 .7 % - 1 .1 - 3 .8 In d u s t r ia l p r o d u c t io n - 9 .3 - 1 0 .6 - 1 8 .3 - 7 .3 H o u s in g 4 3 .2 5 .9 - 4 .9 - 5 .8 2 6 .6 - 3 3 .9 - 2 0 .5 N / A N / A - 2 4 .6 - 3 8 .4 - 2 1 .3 - 4 4 .6 - 0 .7 - 0 .3 R e t a i l s a le s A u to s ta r ts N / A s a le s C iv ilia n e m p lo y m e n t C o n s u m e r p r ic e s P ro d u c e r fu e ls & a n d p o w e r* - 2 .3 0 .7 3 .6 - 6 .9 - 3 .1 - 6 .8 - 1 .2 - 1 .6 1.2 5 .4 11.1 11.6 5 .8 8.2 4 3 .4 3 2 .8 a d ju s te d A c c o r d in g o f fro m 1 97 2 196 7 a n d r e v is e d - 3 .1 r e la te d s e a s o n a lly "r e v is io n - 2 .9 p r ic e s - p ro d u c ts ♦ N o t - 2 .1 th e a n d 1 97 7 s o m e d a ta fo r to th e B u re a u n a tio n a l w ill o n ly e c o n o m ic b e r e v is e d 1 9 7 9 o f in c o m e a n d E c o n o m ic a n d p ro d u c t c e n s u s e s fo r is e a r lie r 1 9 8 0 . A n a ly s is o f a c c o u n ts n e a r in g y e a r s .” th e th a t U .S . c o m p le tio n . T h is is s u e D e p a rtm e n t in c o r p o r a te s A ll o f s e r ie s th is o f C o m m e rc e , b e n c h m a rk w ill r e le a s e b e th e in f o r m a t io n r e v is e d c o n ta in s b a c k th e to la te s t TOTAL C I V IL I A N EMPLOYMENT COMPOUNDED ANNUAL R A T ES OF CHANGE * IO TERM INAL________________________________________________________________________ I N I T I A L MONTH___________________________________________________________________________THOUSANOS OF PERSONS MONTH 10-80 4-80 9-79 10-79 11-79 12-79 3-80 4-79 5-79 6-79 6-80 7-80 2-80 7-79 8-79 5-80 8-80 1-80 5-79 ... 3.Q 96.495 96.652 6-79 2.5 2*0 7-79 3-9 4.4 6.8 8-79 2.4 2.1 2.2 -2.2 97.184 97.004 9-79 3.1 3.2 3.6 2.0 6.4 10-79 2.6 2.5 2.6 1.2 2.9 -0.4 11-79 2.4 2.3 2.4 1.3 2.5 0.6 1.7 12-79 2.6 2*5 2.6 1.8 2.8 1.7 2.7 3.8 1-80 2.2 2.0 2.1 1.3 2.0 0.9 1.4 1.2 -1.3 2-80 2.1 2.0 2.0 1.4 2.0 1.1 1.5 1.4 0.3 97.504 97.474 97.608 97.912 97.804 97.953 1.8 3-80 1.6 1.4 1.4 0.7 1.2 0.3 0.4 0.1 -1.0 -0.9 -3.6 4-80 0.9 0.7 0.6 -0.0 0.2 -0.6 -0.7 -1.1 -2.3 -2.6 -4.8 —6.0 5-80 0.7 0.5 0.4 -0.2 -0.0 -0.8 -0.9 -1.3 -2.2 -2.5 -3.9 -4.0 -2.0 6-80 0.3 0.0 -0.1 -0.7 -0.6 -1.3 -1.4 -1.9 -2.8 -3.1 -4.3 —4.5 -3.8 7-80 0.6 0.4 0.3 -0.2 -0.0 -0.6 -0.7 -0.9 -1.6 •1*6 -2.3 -2.0 -0.6 0.0 5.9 8-80 0.6 0.4 0.3 -0.2 0.0 -0.6 -0.6 -0.8 -1.4 -1.4 -1.9 -1.6 -0.5 0.1 3.0 0.1 9-80 0.7 0.6 0.5 0.0 0.2 -0.3 -0.3 -0.5 -1.0 -0.9 -1.3 -0.9 0.1 0.7 2.8 1*3 2*5 10-80 0.6 0.5 0.4 -0.0 0.2 -0.3 -0.3 -0.5 -0.9 -0.9 -1.2 —0.8 0.0 0.5 2.0 0.7 1.1 -0*4 11-80 0*7 0.6 0.5 0.2 0.3 -0.1 -0.1 -0.2 -0.6 -0.5 -0.8 -0.4 0.4 0.8 2.1 1.2 1.6 1.2 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 6-80 7-80 96.537 -5.4 96.996 00 00 o T * 1 97.006 97.207 o INITIAL 97.154 96.988 97.176 2.8 97.396 10-80 MONTH PAYROLL EMPLOYMENT CQMP O U N O E O ANNUAL RATES OF CHANGE T E R M I N A L ____________ MONTH 4-79 5-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 M O N T H ___________ ____________________________________________ ___________________ T H O U S A N D S OF PERSONS 2-80 3-80 4-80 5-80 6-80 7-80 8-80 9-80 10-80 89.708 4.4 6-79 3.6 2.7 7-79 3.0 2.3 2.0 89.909 90.054 8-79 2.8 2.3 2.1 9-79 2.4 1.9 1.7 1.5 10-79 2.4 2.0 1.8 1.7 1 .5 2.1 11-79 2.2 1.9 1.7 1.7 1.5 1.8 1.5 12-79 2.2 1.9 1.7 1.7 1.5 1.8 1.6 2.3 90.222 0.8 90.441 90.552 1.7 90.678 2.5 2.2 2.2 2.2 2.5 2.6 3.2 4.8 CM 2 2.2 2.1 2.2 2.1 2.4 2.5 2.8 3.4 3-80 2.1 1.9 1.8 1.8 1.8 1.9 1.9 2.0 2.1 0.7 -0.6 4-80 1.8 1.5 1.4 1.3 1.2 1.3 1.1 1.1 0.9 -0.4 -1.5 -2.5 1 0 00 1-80 2.1 91.031 2.1 91.186 91.144 90.951 5-80 1.1 0.8 0.7 0.6 0.4 0.3 0.1 -0.2 4 « 0 1 -1.8 -3.1 -4.4 — 6.2 6-80 0.6 0.3 0.2 -0.0 -0.2 -0.3 —0.7 -1.0 -1.4 -2.6 -3.7 -4.7 -5.8 -5.4 7-80 0.4 0.2 -0.0 -0.2 -0.4 -0.6 -0.8 -1.1 -1.5 -2.5 -3.4 -4.1 -4.7 -3.9 -2.4 90.468 90.047 89.867 8-80 0.6 0.4 0.2 0.1 -0.1 -0.2 —0.4 -0.6 -0.9 -1.7 -2.3 -2.6 — 2.6 -1.4 0.6 3.7 9-80 0.8 0.6 0.4 0.3 0.2 0.1 -0.1 -0.2 -0.4 -1.1 -1.5 -1.7 -1.5 -0.3 1.5 3.5 3.3 10-80 0.9 0.7 0.6 0.5 0.4 0.3 0.2 0.1 -0.1 — 0.6 -0.9 -1.0 -0.7 0.6 1.9 3.6 3.2 3.1 11-80 1.1 0.9 0.8 0.7 0.6 0*6 0 *4 0*4 0*2 -0*2 -0.4 —0.4 -0*1 0*9 2.2 3*4 3.3 3.3 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 6-80 7-80 8-80 9-80 90.142 90.384 90.612P 3.6 90.880P 1 O 5-79 ______________________ ______________________________ I N I T I A L 6-79 INITIAL MONTH P- P R E L I M I N A R Y PREPA RED BY F E D E R A L R E S E R V E BANK OF S T * DECEMBER 5 . 1980 2 L O U IS OF PERSONS \ I Ç: 1 ? £ SEASONALLY ADJUSTED 1 OCT. '/*<*1 MILLIONS I 10 RATIO SCALE MILLIONS OF I ?! -r § 1 § 100 i 1 +/. sz --- +2. I X - 2 .3 Z +■3. 4Z / *0. 9 Z +.3 85 * + § § 1 10 105 K 90 SCALE PERSONS - TOTAL- 95 +/ . 2 Z i / V J * 100 95 90 - 3 .4 Z 1a ! y 85 -4. 3Z >/. 4Z 80 80 +4.1 r5 .S X V *1 ¡5 $ 1 jo o 1 1972 r 1973 <+- * 65 t PAYI^OLL >y, 1 EMPLOYMENT RATIO 1974 $ Ì t I 1975 1976 1 1977 1978 § § \ % \ \ t 1979 t t t 1980 65 SOURCEt U.S.DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt NOVEMBER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S . LOUIS UNEMPLOYMENT RATE PERCENT SEASONALLY ADJ USTED PERCENT 11.0 0. 1 0. 7. >. I. SOURCE: U.S. DEPARTMENT OF LABOR PERCENT OF CIVILIAN LABOR FORCE LATEST OATA PLOTTED» NOVEMBER PR EPA RED BY F E D E R A L R E S E R VE BANK OF S . L O U IS 3 CO N S U M E R PRICE INDEX» SEASONALLY ADJUSTED * _______tf lM B H U P g P á « J « M L - S á J e ? - P F CH M X m i « MONTH 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 6-80 7-80 8-80 9-80 214.1 5— 7 9 12*6 6-79 13*1 13.7 7-79 13.3 13.6 13.3 •-79 13*1 13.3 13.1 12.8 9-79 13*4 13*6 13.6 13.6 10-79 13.2 13.4 13.3 13.2 13.5 12.5 11-79 13.2 13.3 13.2 13 »2 13.3 12.7 12.9 12-79 13*5 13.7 13.7 13#7 13.9 13.7 1 4 .4 216.4 218.7 220.9 223.4 14.5 225.6 227.9 230.7 15.8 1-80 14.1 14.3 14.3 14.5 14*0 14.9 15.7 17»2 18.6 2-80 14.4 14.6 14.8 14.9 13.3 15.5 16.2 17.3 18.1 17*7 3-b o 14.8 15.0 15.1 15.3 15.7 15.9 16.6 17.5 18.1 17.9 18.0 4-60 14.5 14.7 14.8 15.0 15.2 15.3 15.8 16.4 16.6 15.9 15.0 234.0 237.2 240.5 12.1 242.8 5-80 14.2 14.4 14.5 14.5 14.7 14.8 15.1 15.5 15.4 14.6 13.6 11.5 10.9 6—80 14.0 14.1 14.2 14.2 14«4 14.4 14.6 14.9 14.7 14.0 13.1 11.4 11.1 11.3 7-80 13.1 13.1 13.1 13.0 13.1 12.9 13.0 13.0 12.6 11.6 10.4 8.6 7.4 5.8 0.5 8-80 12.8 12.8 12.7 12.7 12.7 12.5 12.5 12.5 12.1 11.2 10.1 8.6 7.7 6.7 4.5 8.6 9-80 12.8 12.8 12.8 12.7 12.7 12.6 12.6 12.6 12.2 11.4 10.6 9.4 8.8 8.3 7.3 10.9 13.3 10-80 12.8 12.8 1 2 »8 12.7 12.7 12.6 12.6 12.6 12.2 11.6 10.8 9.8 9.4 9.2 8.6 11.5 12.9 12.6 12.8 12.8 1 2 .8 12.7 12.7 12.6 12.6 12.6 12.3 11.7 11.1 10.2 9.9 9.8 9.5 11.8 13.0 12.8 13.0 4-79 3-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-BO 4-80 5-BO 0-80 7-80 8-90 9-80 10-80 11-80 ioo 10-80 244.9 247.1 247.2 248.9 251.5 254.0 256.6 I N I T I A L »© N T H •CPI-* FOR URBAN MACE EARNERS ANO CLBIICAL WORKERS PREPARO) BY FEOERAL RESERVE BANK OF ST. LOUIS D E C E M B E R 23. 198 0 ADJUSTED PROOUCER PRICE INDEX» FINISHED GOODS - SEASONALLY COMPOUNDED ANNUAL RATES OF CHANGE INITIAL TERMINAL 1967 « 100 MONTH MONTH 4-79 5-79 6-79 7-79 8-79 9-79 ;1 0 - 7 9 1 1 - 7 9 12-79 1-60 2-80 3-80 4— 80 5-80 6-80 7-80 8-80 9-80 19-Aft_ ¿12*1 _ 5-79 5 *8 6-79 6*7 7.6 7-79 9.4 11.2 15.0 213.4 215*9 . 218*2. _ 8-79 10.6 12.2 14.6 14.2 9-79 12.2 13.9 16.1 16.6 19.1 10-79 12.5 13.9 15.5 15.7 16.4 13.8 221»* 226*6 11-79 12.9 14.1 15.5 15.6 16.1 14.6 15.5 12-79 12.6 13.6 14.7 14.6 14.7 13.3 13.0 10.5 1-80 IB .5 14.5 15.6 15.7 16.0 15.2 15.7 15.8 21.3 19.8 220«? 292*2 14.0 15.0 15.9 16.1 16.4 15.8 16.4 16.7 3-80 14.4 15.3 16.2 16.3 16 mb 16.2 16.7 17.0 19.3 18.3 18.2 4-80 13.8 14.6 15.3 15.3 15.5 15.0 15.2 15.1 16.3 14.7 12.9 7.8 5-80 13.0 13.6 14.2 14.1 14.1 13.5 13.4 13.1 13.6 11.8 .2*7... §t7 6 — 80 12.7 13.2 13.7 13.6 13.6 13.0 12.9 12.5 12.8 11.2 9.5 6.7 6 .1 8.8 7-80 13.3 13.9 14.4 14.3 14.3 13.9 13.9 13.7 14.1 13.0 11.9 10.4 11.3 15.3 22.3 8-80 13.6 l* .l 14.6 14.6 14.6 14.2 14.3 14.1 14.6 13.7 12.9 11.8 12.9 16.2 20.0 17.8 12.8 12.7 12.4 12.6 11.6 10.6 9.4 9.8 11.4 12.2 7.5 240*1 . _ ?#é_. 24L»9_ 242*T_ 244*§ _ 9-80 12.6 13.1 13.4 13.3 10-80 12.5 12.9 13.2 13.1 13.1 12.6 12.5 12.2 12.4 11.5 10.6 9.6 9.9 11.2 11.8 £*2 11-80 12.3 12.6 12.9 12.8 12 .7 12.3 12.1 11.9 12.0 il.i 10.3 9.4 9 mb 10.6 i l. Q S..4 4-79 5-79 6-79 7-79 8-79 9-79 10-79 :11-79 :12-79 1-80 2-80 3-80 4-80 5-80 6-80 7-80 2*9* 2 -1.9 4 tl . . 5jt4 8-80 19«ft 9*2 2 4 2 * ft. _ 2fl* 2 ... JtS ... 9-80 10-80 INITIAL MONTH PREPARED DECEMBER 4 _ 233*5 . 18.5 2-80 13.2 _ . _ 223*2... BY FEDERAL RESERVE 5* 1 9 8 0 BANK O F ST. LOUIS RATI O P R I C E S SCALE 1967-100 RATI O S E A S O N A L L Y A D JU S TE D 1972 1973 1974 1975 1976 SCALE 1967-100 1977 19 78 1979 1980 ILPM-U FOR ALL URIAH CONSUMERS ttPM-1 FOR URIAH VACE EARNERS AND CLERICAL WORKERS PERCENTACES ARE ANNUAL RATES OF CHANCE FOR PERIODS INOICATEO. LATEST OATA PLOTTED« HOVEMIER ; BANK Of ST. LOUIS PRODUCER RATIO SCALE 196 7- 10 0 270 260 250 240 230 SEASON ALLY 196 7- 10 0 270 260 250 s x r 240 +M 4<V / / fcAjf 230 2S0.0 F I N I S H E D CONSUMER FOODS 200 r +o. ;rz 190 180 170 i.r z y A/ 160 +25 150 RATIO SCALE t 220 210 140 f W 120 ks / 160 V 270 260 250 ^ + 1 4 . Oi^252. 1 240 230 — t-5 t v i.. $cr. v .. ii\ 220 210 200 190 180 170 / * ( j 130 U8 PRICES A D JU S TE D X ' m r.‘/V h 1____ 190 180 170 s — ■ 220 210 / / / / — _+8. 3Z^¡ ' ------- 200 190 180 170 's ' +6. 41^ 160 160 150 +2,.0 140 A. j/ / 150 140 F 1N I SHED GiOODS EXCI LUDI NG FOODS 130 ‘5. OX / 130 / 120 120 110 110 OCT. V 100 _____i l 1 1972 OCT. '/v mv. -TV \ i 1973 •rr \1 *1i k\1 1974 1975 1976 1977 mv. ^ Afe. ’rs 1978 1979 . 100 1980 PENCENTASES ARE ANNUAL RATES OF CHAME FOR PERIOOS IHO ICATEO. LATEST OATA PLOTTEft HOVEMIER .rmráUfi it febiiai ifsfivf urn of s l loiii. 5 PR0 0 UCtK PRICE INOEX» FINI S H E D CONSUMER FO O D S - SEASONALLY ADJUSTED _____________________ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E _____________________ __________ T E R M I N A L __________________ _____ ________ ____________________ ____ __________ I N I T I A L M Q N T H — ________ _________ _____________ ______________________________ 1 9 4 7 « 1 W MONTH ___________ 4 - 7 9 5-79 6— 79 7-79 »-79 9-79 10-79 1W 9 12-79 1-60 2-80 3-80 4-00 5-80 6-80 7-BO 8-8Q 9-30 10-80 . _ 2 r79 - 1 1 * 4 ______ ____________________________________________________________________________________________________________________________________________________________-22 2 * 2 . 6 - 7 9 __ - 1 1 . 4 - 1 1 . 2 ____________________________________________________________________________________________________________________________________________________________ 2 2 1 » 3 - 1 - 7 9 ____ - 5 . 2 - 1 * 9 ____ & * * ___________ ____ __________________________________________________ 2 2 2 . 8 8 - 7 9 _____ 0 . 5 4.9 14.0 1 9 . 9 ________ __________________________________________________________________________________________________________________________________ 2 2 6 * 2 9-79 3.8 8.0 15.3 18*6 10-7 9 2.9 6 . 1 ___ ________ ll*fi____ 1 * 2 ___-ltfl__________ 1 1 - 7 _______9 12-79 5.6 17.7 2 2 9 * 2. _____________2 * 1 _________1 3 17 8 . 3 ___1 1 * 2 ___1 2 . 6 1 0 * 9 ____ 9 * 6 1 5 *1 ___2 2 9 « L 1 3 «5___ 1 1 . 5 1 3 * 3 ____ 3 » ! 25.6 232*2 _____ 234*1 1-80 3.7 5 . 8 ____ & * 4 ____ & * 4 ____ 6 * 2 ____ 2 * 4 ____ 5 . 2 - 3 . 8 - 1 0 . 2 ___________ 2-80 2.8 4 . 5 ____ 6 * 4 ____ 4 * 4 ____ 4 * 3 ____ L * £ ____ 2 . 5 -4.2 -7.7 _ 3-60 3 . 7 ____ 5 * 2 ____ 1 * 4 ____ 1 * 2 ____ 2 * 5 ____ 2 * 4 ____ 4 . 6 -0.1 - 1 . 2 ____ 3 . 7 4-8 0 2 * 5 ____ L l Z ____ 2 * S ____ 2 * 5 ____ & * 2 -1*.8.__- 1 * 9 -» * 7 -¿ * 9 rft* 2 r l O * 2 5-8 0 & * 2 ____ 1 * 4 ____ 2 * 5 ____ 2 * 2 ____ O t ? -1*5 - 1*6 - 5 *5 - 7 *1 - 6*3 - 6 * 7 - 1 5 » * ____ 0 *5 .... L * 1 ____ 2 * 1 ____ 2 * 2 ____ 2 * 2 ____ 1 * 3 -0 * 3 -ft* 3 -3*5 -4«» - 3*4 -3*0 232*0 1 3 . 2 ________ 223*4 -28*.! ___________ 226*9 227*9 . - 7 * 8____ 4 * 2 ____ 2 * 4 -2fl*2_-31*5 _22ft*Z_ 2 8 * 1 ________________ __________ 2 3 7 . 6 1 0 . 4 ____ 2 * 6 ____ 4 * 2 ____ 2 * 2 ____ 8 * 2 ____ 9 . 0 12.0 1 5 . 2 ___ 1 ? * » 30*4 4 2 *2 6 2 *2 6 6 *4 _____ 247,9 _ ? -fl .fi _____ 4 * 2 ____ 1 * 2 ____ 2 * 2 ____ 2 * 4 ____ 8 * 6 ____ 1 * 2 ____ 8 * 1 ____ 1 * 2 ____ 7 * 6 1 0 *1 12*5 2 3*1 29*5 3 6 *9 2 7 *4 -2*4 ________________ 2 4 7 * 4 1 0 - 8 0 _____ 6 . 7 7 . 8 ____ 2 * 1 ____ 2 * 2 ____ 8 * 2 ____ 1 * 8 ____ 2 * 6 ____ 1 * 1 ____ 1 * 5 ____ 2*1.. 1 1 * 7 — 1 1 * 2 — 2 Q * 1 24.5 28*6 2 Q * Q ____ 2*fl 6*2 1 1 - 8 0 _____ 6 . 6 7 . 8 ____ 2*fi____ 9 . 0 4*2 4-79 5-79 10.2 — 221*0 7-fl______ Q ±*2__ 2 * 4 ____ 4 * 8 ____ 4 * 4 ____ 2 * 2 ____ 4 * 4 ____ 5 * 2 ____ 2 * 4 ____ 2 * 4 ____ ft*2____ I * £ ____ ? * ? - 6 - 6 0 _____ 1 * 2 ____ 8 . 6 _____________________ -5.1 6-79 7-79 8.3 8-79 7.7 8 . 4 ____ 1 * 1 ____ 1 * 4 ____ 9 . 4 9-79 10-79 11-79 12-79 1-80 12*4 11.1 10.9 18.1 21.3 23.8 1 6 . 5 ____ 2 * 4 2-60 3-80 4-80 5-80 6-80 7-60 24&*Z 6*5 8-80 9-60 10-60 8-80 9-80 10-60 220*0 IN IT IA L MONTH PRODUCER P R IC t: IND EXt FIN IS H ED GOODS» EXCLUDING FOOOS - SEASONALLY ADJUSTED COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL MONTH IN IT IA L MONTH 4-79 5-79 6-79 7-79 8-79 5-79 13.0 6-79 13.6 7-79 14.9 15.8 17.3 8-79 14.3 14.7 14.9 12.6 9-79 15.3 15.9 16.4 16.0 19.5 9-79 10-79 11-79 12-79 1-80 2-60 1967 « 100 3-60 4-60 5-60 6-60 7-80 206.5 208.6 14.2 211.6 213.7 216.9 220.1 10-79 16.0 16.5 17.1 17.1 19.4 19.2 11-79 15.4 15.8 16.1 15.8 16.9 15.6 12.1 12-79 15.2 15.5 15.7 15.4 16.1 15.0 12.9 13.8 1-80 17.0 17.5 18.0 18.1 19.3 19.2 19.2 2 3 .0 2-80 18.0 18.5 19.1 19.3 20.5 2 0 .7 21.1 24.3 29.9 26.8 3-60 18.2 18.7 19.2 19.4 20.4 2 0 .6 2 0 .9 23.2 26.5 23.4 20.1 4-80 18.4 18.9 19.4 19.6 20.5 2 0 .6 2 0 .9 2 2 .7 25.1 22.6 20.5 20.9 222.2 224.6 230.0 3 3 .0 234.6 236.2 242.0 5-60 17.3 17.7 18.0 18.1 18.7 16.6 16.5 19.6 20.8 17.9 15.1 12.7 5.1 6—80 16.6 16.9 17.1 17.1 17.6 1 7.4 17.2 17.9 18.6 15.9 13.3 11.2 6 .6 8 .2 7-80 16.4 16.7 16.9 16.8 17.2 1 7 .0 16.7 17.3 17.9 15.5 13.4 11.6 8.9 10.8 13.5 8-80 15.7 15.9 16.1 16.0 16.2 15.9 15.6 16.0 16.3 14.1 12.1 10.6 8.1 9 .2 9 .7 6 .0 9-80 1 4 .7 14.8 14.8 14.6 14.8 1 4 .4 14.0 14.1 14.2 12.0 10.1 8.5 6.2 6 .4 5.8 2.2 - 1 .4 10-80 14.5 14.6 14.6 14.4 14.6 14.2 13.8 13.9 13.9 12.0 10.3 8 .9 7.1 7 .5 7 .3 5 .3 4 .9 11 .7 11-80 14.2 14.2 14.2 14.0 14.1 13*8 13.3 13.5 13.4 11.6 10.1 8 .9 7 .3 7 .6 7 .5 6 .1 6 .1 10.1 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-60 6-80 7-80 8-80 243.0 244.6 247.2 246.4 248.1 250.4 8 .5 2 *2 .1 9-80 10-60 IN IT IA L MONTH PREPAREO BY FED ERA L R E S E R V E BANK OF S T . L O U IS DECEMBER 5 , 1980 6 INDUSTRIAL R A T I O SCALE 1967- 100 PRODUCTION R A T I O SCALE 1967- 100 SEASONALLY ADJUSTED 197? 1973 1974 1975 1976 1977 1978 1979 1980 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED» NOVEMBER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S . LOU IS INDUSTRIAL PROOUCTION __ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E TERMINAL MONTH 9—79 10-79 11-79 12-79__ L-ftO__ 2=80__ 3=80__ 4-BO___5=80__ 6-80__ 7-80__ fl-flQ A —70 ?*• ,4 7-7« 5 -1 1 ,»? — 8 - 7 9 - --- 2*0 - X »6 -3*5 - 6 ,»8 __ 2*6 .— Û4 >0 - 0*8 - L *2 . 4*8 0*0 . r 0_*6 - 0 ,» a 2*4 0*0 9-79 1 0 - 7 9 ---- 2*1 11-79 ft-ft isa.Q 152 »1 152*7 - - 0 ,»5 - 1 .1 -1*4 0*5 - 1*6 -3*1 ^=Û4►2— -0*7 -0 » a 0~8 . - 0 * 5 - 0*8 1*6 -A. .4 ft-Q ft-ft ft-ft 1 -A 1 -A -Afi -A.4 ft- 7 -ft - 9 -ft -9 ft.A ft-4. — O-A -0«A -ft-A -ftTo -ft-A. -1 - O -?-ï -7 -A-9 -A-ft - 1 1 -ft — 15. iA - 9 A - 9 ......1*4 — 1 2 - 1 9 - _--- 1 * 4 1-AO 1 -4 n<»ft ?-AO 1 -2 — Oi,1 1-AO -0*7 - -<i, -1 r« 15 2 * 5 . 152*7 — o,, 9 ft-ft -4 ,1 -7 - 5 ,»7 -7,.0 - 7 ^ -a ta -It, - A ti - 0 - 7 -1ft-A - 1 1 - A - 1 1 - 0 - 1 A - 7 - 9 0 . ,1 - 9 S . 1 -»-A - O rA — i n - A - 1 1 •n-? - 7 -A —A -5 -ift-i - 1 1 - 0 - 7 t% T-AA - 5 T7 -A-Q — 7 -A A - A ft -t4 * 7 _ -5, »A -A-l -6,•a -A.Í - 4 tA -5,ti -*-ft -«.A - A t^ — -3-? -■»-A -4-1 -1-1 -1..8 -2-1 4-79 5-79 6-79 >4 _-1.9 7-79 8-79 - 2 -4 - 2 .5 - 1 5 - 5 - 1 A-,1 - 9 1 -1 - 1 0 - 7 - 1 4 . 1 — 7 t4 -4-1 -4-7 -5-4 -2.9 9-79 10-79 11-79 12-79 1-80 INITIAL 141 *5 -fi « 9 140*4 - 1 ! . k7 - 1 5 - 5 -12. À -6.0 — o,>6 - 1 Ù t * -7-0 -0-2 7 •0 15-0 10-1 —A-9 — 2 -4 4-2 11 * 0 18.5 21 - A 94-0 1? *1 18*3 2 0 .8 6-1B O 7-80 9-80 10-80 -*1 k9 -1- -1.5 0*? 6*3 2-80 3-80 4-80 5-80 1 12.6 141 >8 0 11-no »9 144.0 — 9 4 -5 - 1 9 . 0 4 - 3 tA - 9 -ft -0-1 14fl*3 -90-7 CO 1 00 >8 ?-AO 152*1 a (Si — in-Aft - 1 -»9 - O . A -1ftt A - 1 9 - 0 - 1 A — 1 - 9 0 - ,7 - 9 A - 0 -5*5 1S2*7.. — 152*3 -i. »1 -4«>4 9-flO in —ftp L46.5P 17-7 1 4 8 . 5P MONTH P- PRELIMINARY P R E P A R E D 8 V F E O E R A L R E S E R V E B A N K O F ST* L O U I S DECEMBER 1 6 y 1980 7 PERSONAL R A T I O SCALE TRILLIONS I NCOME MONTHLY TOTALS AT ANNUAL RATES OF DOL LARS SEASONALLY ADJUSTED R A T I O SCALE TRILLIONS OF DOLLARS I. 1972 1973 1974 1975 1976 1977 1978 1979 1980 SOURCE: U .S . DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. X OATA PRIOR TO 1979 IN PROCESS OF REVISION. LATEST DATA PLOTTED: NOVEMBER PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF î LOUli PERSONAL INCOME * COMPOUNOEP ANNUAL RATES OP CHANCE B IL L IO N S OF T E RM IN A L I N I T IAL MO N T H ----O O L L A R S ----- MONTH ANNUAL RATES — 4 *4 W L _ 5 » * M - 4 » 1 Í9 - U - - 8-3t t- - iû - Jt t- 1 1 - 7 9 4 M W - 1 9 - - W W —- 2 - 4 W - - 3 - 4 to. 4 .0 A : IA a - « IA 7 . 1 »A ft—A A * « 9 0 - -40-90— 1 -O A 1 . 4 ^—79 10 , 4 7^70 I* - ,7 1 7 . .0 ? n . 18 R-7Q ,7 1 V ,9 1 7 , ,1 n , l ? i •ft M i ,9 1 4 ,, 1 l i . ,n 1 4 , ,1 1 4 , ,1 0-70 JÍW 7 0 1 3 ,, 4 1-091. 1 -044- A 1-074. 10 ,9 9 ', 1 i ? ,1 11 ■ft 1 - 0 A 7 .0 1 5 ,, 1 11-70 n<, i 1 4 ,, n 14. i ? (»ft 1 ? ,t ? 1 4 . ,1 12-70 1 ? , ,9 n . ,7 l ì . .A 1? , 1?, H i 9 f A1 1 .-1 9 t A * 9 . »ft 1 ? . ,7 11 -0 I V ,9 .A 1 —A A i *. l é . ,n 1 4 . ,1 l i . ,n 1 ? . ,9 1 4 . ,1 I V »A 11-0 ?-«<■» \7 . >4 l ì . ift l ^ i ,n 111 , 9 11 i•ft 1 ? . ,1 1 1 ,■ft 1 1 -Û i n . ■ft ,4 ,1 1 ? !i ft l ? i ,s 11 11 11 i, 7 1 1 1iO 1Ar 4 9 ,,9 7 ,,i A i,7 -, 1 111 9 , ■A 1 ft . .0 9 ,, ? A f4 7, 4 , ,9 4, w n M io . 9f A77. ? t r tA A . , 4 2 , 1 0 1 ,•0 2 t l A 2 i,1 0 .»4 £-90 i f t i,8 1 1 1,1 i o , ,9 9 ,, 9 9 .5 9 ,,7 9<, 9 9 .2 7 ,, 4 Ç ,, 4 n ,, 4 3 .i A 7 *1 6-40 x o , ift 10 i19 1 0 ,16 9 ,,7 9 ,, 3 9 , ,4 9«■9 9« I 7 , ,K 5 , ,9 4 .•0 5 , ,1 7 .4 7 , ,6 ili,7 11 I I I ,4 10 !i ft 1 0 1. 3 1 0 1 ft 101, 1 9 ,4 9 ,i l i f, t ,,A A , I I .7 1 4 , ,1 ?1 H i ,2 i l l ,4 II I 10 «■6 1 0 ,, 4 1 0 ,■ft io ,,i 9 ,7 9 , »5 9 , .ft 9 , ,1 9 , ,2 1 1 ,4 12 1 3 , ,7 11 11 11 1A o 1A T «« A 1ft 1A 4 1A « o. 1A . A 1A •» l i j ,7 11 9 11 ( g 1 1 "> 11 1 11 ? 11 A ia a 1A ,7 Iff i, i lO i,7 11 ,■0 M ,.A 1 7 . .ft 1?..0 1 1 ,4 11 ,,1 11 11 1 11*1 111,0 10.,5 111»1 11 4-79 5-79 4—79 7-79 8-79 9-79 10-79 11-79 12-79 1-90 2-90 3-90 l l- * 0 ! 7 i, 5 .. 4 2 f 1 1 4 ,■ i, 9 1 2 , 1 2 7 , ,1 i 0 9 - 1 4 1 . .9 9.170-4 1 0 ,■ft i« 1c « ■% A 1ft m 12 i 9 14 iO i « A. 19 a 1c. ft lít O 1 4 . .0 IV ,1 .0 1 4-90 5-90 4-60 14 7-60 1* . 9-90 rt. M e •* «« .c A. 1 4 r° 14»2 9-957-4P 9-90 10-90 IN IT IA L MONTH «REVISED P- PRELIMINARY P R E P A R E D BY F E O E R A L R E S E R V E B A N K O F ST* L O U I S - O E C E M B E R 2 2 , I 9 6 0 _________________________________________ 8 RETAIL SALES R A T I O SCALE BILLIONS OF R A T I O SCALE DOL LARS BILLIONS SEASONALLY ADJUSTED SOURCEt PERCENTAGES ARE ANNUAL RAT ES OF CHANGE FOR P ERI ODS L A T E S T OATA P L O T T E O t OC TOB ER, U.S. OF DOL LARS DEPARTMENT OF COMMERCE I NO I C A T E D . NOVEMBER AOVANCE E S T I M A T E PREPARED BY FEDERAL RESERVE BANK OF S . L O UI S ______________ RETAIL SALES____ ________ COMPOUNDED ANNUAL RATES TERMINAL OF CHANGE INITIAL MONTH 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-80 MILLIONS OF 2-80 3-80 4-80 5-80 6-80 7-80 8-80 9-80 10-80 72»292 5-79 12*1 6-79 4*2 -3.3 7-79 8.7 7.1 18.5 72,093 73,121 74,871 8-79 14.3 15.1 25.5 32.8 9-79 17.8 19.3 27.9 32.9 32.9 10— 7 9 11.4 11.3 1 5 .2 14.2 5.8 -15.7 11-79 11.8 11.7 15.0 14.2 8.5 -1.9 12-79 11.8 11.8 14.5 13.7 9.4 2.5 13.1 12.1 1-80 14.9 15.2 18.2 18.1 15.4 11.4 22.2 26.4 2-80 10.8 10.7 1 2 .5 11.7 8.5 4.2 9.9 8.5 3-80 7.5 7.1 8.3 7.1 3.8 -0.3 3.0 0.4 4-80 4.8 4.1 4.9 3.5 0.3 -3.7 -1.5 -4.4 -8.1 -20.6 5-80 3.8 3.2 3.8 2.4 -0.5 -4.0 -2.2 -4.7 -7.8 6-80 5.2 4.7 5.4 4.3 1.8 -1.2 0.8 -0.9 -3.0 -10.1 -7.5 -2.8 8.2 25.3 7-80 7.4 7.1 7.9 7.1 5.0 2.5 4.8 3.7 2.5 -2.9 0.9 7.0 1 8 .6 33.7 42.7 7.9 7.1 5 m2 3.0 5.1 4.1 3.2 -1.5 2.0 7.2 15.8 24.4 24.0 7.7 14.6 22.0 76,666 75,583 76,421 14.1 77,150 79,464 42.6 77,993 6.7 -20.1 76,534 -3.2 -20.2 -20.3 -20.9 75,011 -21.4 -17.3 -16.4 -14.3 74,587 —6.6 76,001 78,287 8-80 7.4 7.1 9-80 8.2 8.0 8.8 8.1 6.4 4.5 6.5 5.8 5.1 1.2 4.6 9.5 17.0 23.8 23.3 10-80 8.1 7.9 8.6 8.0 6.4 4.6 6.5 5.9 5.3 1.8 4.9 9.1 15.2 20.2 18.9 11.9 14.1 6.7 11-80 8.8 8.6 9.4 8.8 7.4 5.7 7.6 7.1 6.6 3.6 6.6 10.5 16.1 20.4 19.4 14.2 16.4 13.8 4= 2S . 3 - 7 * _fc r2 2 _ I = T * -ft= T L _ 2 r 7 ? -LQ r7 ? 1 1 - 7 9 1 2 — T 9 1-80 .2.-M 3-80 4rfi!L 6-80 7-rfiO ..ArftO-_2.-e.o_ 1 0 - 8 0 ----------------- INITIAL MONTH _ P- PRELIM INARY E- E STIMATED __________________________________ 78,770 80,087 80*519P 21.3 81,826b ---______________________________________________________________ ________________ ____ _ _________________________________P R E P A R E D B Y F E D E R A L R E S E R V E DECEMBER 1 1 ,1 9 8 0 9 BAWC OF ST. LOUIS HOURLY COMPENSATION» P R IV A T E B U S IN E S S SECTOR COMPOUNDED ANNUAL R A T E S OF- CHÄN6E---------- “INITIAL QUARTER- TERMINAL- "1 9 6 7 * QUARTER 4-75 1-7* 10 .5 ¿-76 9,6 “ 3-?6 " 1-76 2—76 3-76 4-76 1-77 2-77 3-77 4-77 1-79 4-78 8 .4 8.8 9.1 8 .5 9.Ò 8 .6 8 .5 T - 77 8 .5 8 .1 7.* 7 .8 7 .1 6*3 “ 5-77 8 .5 8 .2 8.1 8 .0 7 .6 7 .4 8.6 ~~4—77 8.2 7.9 7.7 7 .6 7 .2 7.0 7 .3 2Ü8.0 zxx.z ¿19.6 2X8.6 6.1 1-78 9.5 8 .5 8.2 8.1 8.0 8.0 8*5 8 .5 11.Ò 875 a .2 8 .1 ' 8.1 7 .9 T .9 8 .3 8 .2 9.3 8.1 8 .4 8 .4 9.2 8 .3 8.2 8.2 ZZ4.6 ¿ ¿ 9 .8 7 .7 B.3 8 .8 233.7 Z38.4 4 —78 8.5 8 .3 8.2 8.2 8 .r ~ 8.1 8.4 8.4 9.Ô 8.3 8.6 8.3 “ 1-79 8.7 8 .5 8 .5 8.5 « .4 8.5 8.8 8 .8 9.4 9.0 9.4 9.7 11.2 8.7 8.6 8.6 8.6 8.5 8.6 879“ 8 .9 9.4 9 .1 “ 9 .4 " 9.6 10.3 9 .5 ~1-*0 ¿-ÔÔ 3-ro™ 244.8 Z50.4 »9 . f 8.6 8.6 8.6 8.5 8.6 8.9 8.9 9 .3 9.0 9.3 9.4 9 .8 9.1 8.7 8 .5 ' 8.5 8 .5 8.4 8.5 8.7 8.7 971 8.8 9.0 9 .0 9.Z 8.5 8.X 7.4 878" 8 .7 8 .7 8.7 8 .7 8.8 9.0 9.0 9.4 9Y2“ 9 . 4 ' ""9V5 97T "9~.3 9.3“ 9.5 Xl.7 9.Ö 8.9 8.9 8 .9 ' 8 .9 9.0 9 .2 9.3 9.6 9 .5 9 .5 9.4 4-77 1-78 8.7 9.0 4-75 2-80 7.9 ¿-78 ” 87S X— 80 2 04.1 975 3-79 4-79 l99.7 8.7 “ 4-76 “ 4^79 3-79 195.7 T-77 ¿-79 2— 79 9 .1 “ 9 .5 8 3 3-78 X9 i.i 8 .9 5-78 2-78 1-78 100 879“ 1-76 8.9 2-76 8 .9 ' 3-76 8 .9 9.0 4-76 1-77 ... ç -2 _ 3-77 2-77 Z60.3 267.6 z 9.8 10.1 9.8 9.9 10.3 1 1 .9 XZ.b 9.6 9.7 9 .9 9 .7 9 .7 9.9 iu.8 10.3 8.7 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 ¿81.1 INITIAL QUARTER PREP A R E D BY FE D ERAL R E S ERVE fcHBfcK ¿ 6 » 1 9 8 0 BANK OF ST. LOUIS h u t OUTPUT PER HOUR OF ALL PERSONS» PRIVATE BUSINESS C O N F O U N D E D A N N U A L R A T E S Or C H A N G E TERMINAL QUARTER SECTOR 1967 * INITIAL QUARTER 4-75 1— 7 6 ¿-76 3— 76 4-76 1-77 2-77 ' 3-77 4-77 1—7 8 2-78 3-78 4-7» 1— f 9 2 — #V 3-79 4-Î9 116*0 I— 7 6 7.6 2-76 4.4 1.4 5—76 5 .6 I. 7 ' 116.% 2.1 1 1 7 .0 117.4 "4-76 3.1 1.6 1.7 1.4 1-77 5.4 2.3 2.6 2.9 4.5 ""¿-77 ¿.4 1.4 1.4 1.1 1.0 -2.3 3-77 2.8 2*1 2.2 2.2 2.5 1.5 4-77 2.2 1.5 1.5 1.4 1.4 0.3 1-78 1.8 1.1 1.0 0.9 0.7 -Ò.2 118.7 1 X 8 .0 5.5 1 X 9 .6 1.7' -2.0 0.6 — 1.8 119.0 XX 8 . 9 -1.7 uv.i 1.0 0.3 0.9 —Ö . 6 0.2 2.0 1.5"" T 7 I l.T" 0.6 1 . 2 “" 0.1 0.8 2.0 2.Ö- 1.2 172” 1.1 1.0 0.5 1.0 0.1 Ö.7 1.5 1.2 0.3 1.3 Ô.8 Ö.8 Ô.6 0.6 0.1 0.4 -0.4 -0.1 0.5 -0.2 -1.3 -3.0 2-78 1.8 1.2 3— 78 i.e 1.5 4-7* i.7 1-79“ 1.2 1.0 119.7 X X 9 .9 XX8.9 110.3 2-?9 1.1 0.6 0.$ 0.4 0.3 -0.1 0.1 -0.6 —0.4 -Ô.1 -0.7 — 1.6 -275 -2.0 3-79 0.9 0.4 0.4 0.2 0.1 -6.3 -0.1 -0.8 —Ö .6 -0.4 -0.9 — 1.6 -2.2T — 1.8 — 1.7 4-79 0.8 0.4 Ô.5 0.2 0.1 -0.3 -0.1 -0.7 -0.5 -0.4 -0.8 — 1.3 — 1.3 -1.0 -0.3 H F * . Ô.8 0.4 0.3 Ö.2 0.1 -0.3 -0.1 -0.6 -0.5 -0.3 -0.7 -1.1 -1.4 — 1.0 -0.7 -0.2 “ T - .- d Ó.6 0.2 Ó.1 -0.0 -0.1 -0.5 -Ô .5 -0.9 -0.7 —0 . 6 — 1.0 -1.4 — 1.7 -1.4 -1.3 -17T —X . 5 —3.0 - " 0.5 0.2 0.1 -0.0 -0.1 H>.4 -0.3 — 0. 8 -0.6 -0.5 -0.8 -1.2 -1.4 — 1.1 - 0 .9 -0.8 - 0 .9 -1 .4 0 .3 4-75 1-76 2-76 3-76 4-76 1-77 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2 -7 8 3 -7 8 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2 -8 0 - 100 1-80 “ Z-8Ü" XX7.8 117.7 117.7 0.O 116.0 1X6.9 I N I T I A L QUARTER P REPA RED BY F ED ER A L R E S E R V E BANK OF S T . L O U IS " ND9 EH BER 26» 1980------------------------------------ 10 P R O D U C T IV IT Y , C O M P E N S A T IO N , RATI O SCALE 1967-100 SEASONALLY AND SOURCE: DATA P L O TT E D : C O STS RATI O SCALE 1967-100 ADJUSTED P E R C E N T AG ES ARE ANNUAL R A TE S OF CHANGE FOR PE R IO D S LATEST LABO R US. DE PAR TME NT OF L A 8 0 R I N D I C AT E D. 3RD OUARTER PR EPA RE D BY F ED ER AL R ES ER VE BANK OF SI . L OU IS U N I T LAftOR C O S T S * P R I V A T E B U S I N E S S S E C T O R ------- C O N F O U N D E D A N N U A L R A T E S O F C H A N G E --------TERMINAL -------------- I N I T I A L Q U A R T E R ------------1967 * 100 O U A R T E R ____________________________________________________________________________________________________________________________________________________________________________________ 1-79 2 -7 9 2-77 3 -7 9 4 -7 9 3-78 1-BO Z— 80 1-77 3 -7 7 4 -7 7 1-78 "> 7 8 4 -7 5 1-76 2 - 7 6 "3 - 7 6 4 -7 6 4-78 1— 7 6 2*7 109*1 2-76 5 *2 "H T 7 r 1 6 8 .2 170.7 3 — 76 5.5 6.9 ¿.1 4-76 6.0 7.1 6.8 "1=77“ 5 .5 6.2 5.7 5.5 3.5 2-77 6.0 6.6 6.4 6.5 6.0 3-77 5 .5 6.0 5.7 5 .6 4.9 5.7 2 .9 4-77 5.9 6.4 6.1 6.1 5 .8 6.6 5.7 8 .5 1-78 6.6 7.1 7.0 7.2 T.T" 8.0 7 .9 10.5 12.5 179.0 7.5 175.3 178.9 8.5 isO.z 183.9 18974 192.1 2-78 6.5 7.0 6 .9 7.0 6 .9 7 .6 7 .4 8 #9 9.1 5.8 3-78 6*5 6.9 6.8 6.9 6.9 7 .4 7.2 8.3 8*3 6«Z 6.6 4-76 6.7 7.0 7.0 7.1 7.0 7.5 7 .4 8.3 6.2 6.6 7.3 8 .0 1-79 7.3 7 .6 7.6 7.8 7 .8 8 .4 8 .4 9.3 9.5 8.7 9.7 11.3 14.6 195.2 199.0 205.9 2-7$ 7.6 8.0 8.0 8.1 8 .2 8.7 8.8 9.6 ^.(T 9.3 10.Z 11.4 13.2 11.8 3-79 t .8 8 .1 Ô.2 8.3 8.4 8.9 9.0 4.7 9.9 9.5 1 0 .2 1 1 .2 “ 1 2 .2 'l l . I 10.4 8 .1 873“ 8 .4 8 .8 8 .8 9.5 9.6 9.2 9#8 10.5 1 1 .1 lo.O 9.1 7 .8 9.9 12.1 4-79 7.8 6 .1 — 2IT77217.0 2 2 1 .1 i-to 8 .0 8.3 8.4 8 .6 8 .6 9.1 9.1 9.8 9.9 9.6 1 0 .1 10.7 1 1 .3 10.5 1 0 .1 2-80 8 .4 S.7 0.8 4.6 4.1"' 9.5 9 . 6 17T.'2 1 0 .4 1 0 .2 10.7 11.3 1 1 .9 1 1 .4 11.3 1 1 .6 13.5 15.0 3-80 8 .4 8.7 8.6 8.9“ 9.0 9.4 9.5 10 .1 TO". 2 1 0 .0 10.5" 11.0 11.4 10.9 " 10.7 1 0 .8 1 1 .8 11.7 8.4 4-75 1-76 2-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-76 227.5 235.6 240.4 I N I T I A L QUARTER PREPA RED BY FE D E R A L R E S E R V E BANK OF S T • L O U IS NOVEWBbK 26» 19BU----------------------------------- 11 GROSS NATIONAL PROOUCT IN CURRENT DO LLARS COMPOUNDED ANNUAL R A T E S OF CHANCE________ T ER M IN A L QUARTER B I L L I O N S OF DOLLARS ANNUAL R A T E S I N I T I A L QUARTER -L-7Î z - 79 3-T» H ? \~*9 2 -7 9 _____ 3 *2 _ ? - 7 9 _____ 8 * 8 -±=12_____ 9 * 0 2 *37 4*6 1 1 *7 1 0 .5 ____ ____ 2 * 4 9 6 * 3 1—80 -9 »9 2-80 _I±±____ ® i O ____ 6_*8____ ? * 6 _ r l ± L - _____ S«3 1-79 1 1 *2 12. 6 I I #0 2*571*7 *♦»____SLlfi____2^6____5 ^ 2—79 3— 7 9 4=^9 1=80 2 1 5 6 4 »8 U fS -2± àâls3_ 2-80 INITIAL QUARTER P R E P A R E D BY F E O E R A L R E S E R V E BANK O F ST* LO U I S O E C E H B E R 2 3 « 1 9 8 0 _________________________________________ Data revised from 1979. Data prior to 1979 in process of revision by the source agency. GROSS NATIONAL PROOUCT IN 1972 OOLLARS COMPOUNDED ANNUAL RATES OP CHANGE T B W M Al t u n m BILLIONS OF OOLLARS ANNUAL RATES QUARTER QUARTER 1*473*4 2-79 -1*7 3-79 1*1 4*1 4-79 1*0 2*3 0*6 1-80 1*5 2*6 1*8 3*1 2-80 -0,9 -0*7 -2*2 -3.6 -9*9 3-80 -0*4 —0*1 -I a -1*7 -4*0 2*4 1-79 2-79 3-79 4-79 1-80 ¿-80 1*488*2 1*490*6 1*501*9 1*463*3 1*471*9 INITIAL QUARTER PREPARED BY FEDERAL RESERVE D ECE M B E R 23* 1980 D a ta r e v i s e d fro m 1 9 7 9 . D a ta p r i o r t o 1 9 7 9 i n p r o c e s s o f r e v is io n by th e s o u rc e a g en cy . 12 BANK OF ST* LOUIS G R O SS RATIO SCALE T R IL L IO N S N A T IO N A L QUARTERLY OF DOLLARS P R O D U C T * T O T A L S AT ANNUAL R A T E S SEASO N ALLY A D JU S T E D RATIO T R IL L IO N S OF SCALE DOLLARS 2 2 2 2 2 2 2 2 7 6 5 4 2.3 2 . 2 2 . : 2 . 0 .9 . 8 .7 . 6 .5 . 8 .7 . 6 1 .5 .4 0 .3 0.9 0 1972 1973 1974 1975 1976 1977 1978 1979 1980 SOURCE: U .S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. * DATA PRIOR TO 1979 IN PROCESS OF REVISION. LATEST DATA PLOTTED: 3RD QUARTER PREPARED 13 BY FED ERA L R ESER V E BANK OF ST. LO U IS G EN ERAL PRICE IN D E X * R A T I O SCALE 1 9 72 - 1 00 R A T I O SCALE 1972- 100 SOURCE* U .S . DEPARTMENT OF COMMERCE AS USED IN NATIONAL INCOME ACCOUNTS PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. * DATA P R I O R TO 1 97 » IN P R OC E S S OF R E V I S I O N . LATEST DATA PLOTTED* 3RD QUARTER PREPARED BY FEDERAL RESERVE BANK OF S . LOUIS IMPLICIT PRICE DEFLATOR FOR GROSS NATIONAL PROOUCT ____________ C O M P O U N D E D A N N U A L R A T E S O P C H A N G E ______________ 1972 INITIAL WARTE* TERMINAL QUARTER 1-79 2-79 7.8 7.8 7.9 8.0 3— 79 4-79 1-80 100 2-80 161.17 Z -79 1-80 8.3 8.4 2-80 8.6 8.8 3-80 8.7 i_r<r ¿-79 164.23 U7*47 8.1 171.23 9.3 175.28 9.1 9.5 9.8 9.1 9.4 9.5 9.2 i-79 4-79 1-8Ó 2 -80" 179.18 INITIAL QUARTER PREPAREO OECEMBER D a ta r e v i s e d fro m 1 9 7 9 . D a ta p r i o r t o 19 7 9 i n p r o c e s s o f r e v i s i o n by t h e s o u r c e a g e n c y . 14 BY PEOERAL RESERVE BANK OF ST. LOUIS 2 3 . 1 9 8 0 _________________________________________ r»tKSOtiAL C O N S U M P T I O N EXPfcNDl TUKfcS IN C U R R E N T D O L L A R S ____________C O M P O U N D E D A N N U A L R A T E S O F C H A N G E _____________ K M IN A W QUARTER 1-79 2_-79 2-79 ?-*9 4-79 1-bO 2-80 1 .4 7 8 .0 6t7 - 3-79 1 .5 2 9 .1 4-79 11.9 14.6 14*7 1-80 12.2 14.0 13.8 12 .V 2-80 9 .4 10.1 8 .6 5 .7 10.2 10.9 10.0 1-79 2-79 3-79 3-80 B IL L IO N S OF DOLLARS ANNUAL RATES IN IT IA L UUARTEK 1 .5 8 2 .3 1 .6 3 1 .0 -1 .0 1 .6 2 6 .8 8 .5 6 .4 14.3 1 .6 8 2 .2 4-79 1-80 2-Ö0 IN IT IA L QUARTER PREPAiREO BY FEDERAL RESERVE BANK. OF ST* LOUIS OECEMBER 26. I960_____________________________________ D a ta r e v i s e d fro m 1 9 7 9 . D a ta p r i o r t o 1 9 7 9 i n p ro c e s s o f r e v is io n by th e so u rce ag en cy. PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE 3-79 4-79 2-80 922.8 79 - 1 .2 3-79 1,7 *t7 4-79 2 .3 4 .1 3.6 1-80 1.9 3 .0 2.2 0 .8 2-80 -0 .5 - 0 .4 -2 .0 -4.7 3-80 o 2-79 B IL L IO N S OF DOLLARS ANNUAL RATES IN IT IA L QUARTER 1 1-79 . 1 I TERMINAL QUARTER 9 3 3 .4 941.6 9 4 3 .4 -9.8 919.3 9 30.8 0 .4 0 .7 -0 .3 -1.5 -2 .7 5.1 1-79 2-79 3-79 W 9 1-ttO 2-80 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS DECEMBER 26, 1980_____________________________________ Data revised from 1979. Data prior to 1979 in process of revision by the source agency. 15 1>RUSS P R I V A T E D O M E S T I C i N V t S T M E N T I N C U R R E N T D O L L A R S _____________C O M P O U N D E D A N N U A L R A T E S O F C H A N G E ________________ T E R M I N A L ______________ _______ ______ ___________________ BILLIONS OP INITIAL QUARTER DOLLARS QUARTER ANNUAL I-ttO .15*4 __ 3 - 7 9 _ *♦ —79 3-79 RATES ■ N» 2-79 2-79 0 a 1 1-79 423.2 421.7 - W 4 4-79 0 .6 -6 1-80 1.8 - 2 .4 - 2 .9 2-80 —3 .4 _ - 7 .6 - 9 .6 3-80 -5 .2 -8.8 1-79 2-79 410.0 -UUé... 5*6 415.6 -9.1 -21.7 390.9 -1 0 .6 -1 0 .6 -17.7 -1 3 .4 3-79 4-79 1-80 377.1 2- a o INITIAL QUARTER PREPAREO DECEMBER Data revised from 1979. BY FEOERAL RESERVE BANK O P ST. LOUIS 26. 1 9 8 0 Data prior to 1979 in process of revision by the source agency. G R O S S P R I V A T E D O M E S T I C I N V E S T M E N T IN 1 9 7 2 D O L L A R S ___________ C O M P O U N D E D A N N U A L R A T E S O F C H A N G E ____________ T E R M I N A L ______________________________________________ ___ QUARTER 1-79 2-79 3-79 4-79 1-80 2-80 2-79 _ BILLIONS Of DOLLARS ANNUAL RATES INITIAL QUARTER 238.7 1.7 3— 79 -4.2 4-79 -9.0 -13.9 -17.8 1-80 -8.2 -11.2 -11.9 2-80 -12.7 -16.0 -18.0 -18.1 -28.8 200.5 3-80 -12.3 -14.8 -16.0 -15.5 -20.0 -10.0 195.3 3-79 4-79 1-79 -9.8 2-79 232.6 221.5 218.3 -5.7 1-80 2-80 INITIAL QUARTER PREPARED DECEMBER Data revised from 1979. Data prior to 1979 in process of revision by the source agency. 16 BV F EDERAL R E S E R V E BANK O F ST. LOUIS 2 6 , 1 9 8 0 ________________________________________ G O V E R N M E N T P U R C H A S E S O F G O O D S A N D S E R V I C E S IN C U R R E N T O O L L A R S ___________________C O M P O U M D E D A N N U A L R A T E S O F C H A N G E _______________________ T E R M I N A I ________________________ _________ ______________ QUARTER 1-79 4-79 1-80 2-79 3-79 2-80 2-79 6*2 3-79 7.6 9.2 4-79 lit? 13.9 IS f t 1-80 12.8 I5.i 18.2 17.5 2-80 12*4 14.0 15.6 14.0 ? t §9 12»? U t t - 12 fZ ISti. 1-79 2-79 4-79 ___________________ BILLIONS OF OOLLARS ANNUAL RATES INITIAL QUARTER 465.1 475.4 3-79 496.4 516.8 10.6 530*0 6*6 2.7 1-80 2-80 533.5 INITIAL QUARTER PREPARED DECEMBER D a t a p r o c e s s o f r e v i s e d r e v i s i o n GOVERNMENT 1-79 2-79 3-79 2-79 -0.4 3 - 7.9 0.4 l.l 4-79 Zfl 3.6 6.1 . 4-79 1-80 b y 1 9 7 9 . t h e L a t e s o u r c e nr*ior> t o 1 9 7 9 BANK OF ST. LOUIS i n a g e n c y . P U R C H A S E S OF G O O D S A N O S E R V I C E S IN 1 9 7 2 O O L L A R S COMPOUNDED ANNUAL RATES OF CHANGE INITIAL BILLIONS OF DOLLARS ANNUAL RATES QUARTER rv 1 « o . TERMINAL QUARTER f r o m BY FEOERAL RESERVE 26, 1980 280.3 281.1 - 285.3 1-80 3.4 4.7 6.5 6.9 2-80 3.2 4.1 5.2 4.7 2.5 3-80 It® 2.2 2.5 1.4 -1.3 -5.0 1-79 2-79 3-79 1-80 2-80 W 9 290.1 291.9 288.2 INITIAL QUARTER PREPAREO DECEMBER Data revised from 1979. RESERVE Data prior to 1979 in process of revision by the source agency. 17 BY FEOERAL 26. 1980 BANK OF ST. LOUIS D I S P O S A B L E P E R S O N A L I N C U M E IN CURRfcNT D O L L A R S C O M P O U N D E D A N N U A L K A T E S O P C H A N G E _________ INITIAL TERMINAL QUARTER 1— 7 9 2-Tv 2-79 3-79 4-79 1-80 BILLIONS OF DOLLARS ANNUAL RATES QUARTER 2-80 - 1*612.8 3-79 10.8 13.3 4-79 _11.1 12.4 11.6 1-80 11.7 12.8 12.5 2-80 -10.2 10.6 -*± 2- 8.8 4*4 3-80 10.7 11.1 10.6 10.3 8.7 13.3 1-79 2-79 3-79 4— 7 9 I— 8 0 2-80 1*663.8 1*710.1 13.5 1*765*1 1*784.1 1*840.6 INITIAL QUARTER PREPAREO OECEMBER D a ta r e v i s e d fro m 1 9 7 9 . BY PEOERAL RESERVE 26* 1980 BANK OF ST. LOUIS D a ta p r i o r t o 1 9 7 9 i n p r o c e s s o f r e v i s i o n b y t h e s o u r c e a g e n cy * D IS P O S A B L E PERSO NAL IN C O M E ________ C O M P O U N D E D . A H M U A L IN R A T E S 1 9 7 2 OF D O LLA RS C H A N G E ______________ ___________________________ B IL L IO N S TERMINAL_________ __________________________________ IN IT IA L Q U ARTER Q UARTER ANNUAL 1 -7 9 -2 rT 2 _ _ 2r79 4 - 7 9 1 -6 0 2 -8 0 3 -8 0 2 -7 9 3 - 7 9 4 - 7 9 1 -8 0 1 .0 0 6 .9 2*0 3*5 1.6 2.2 0.8 1.0 0.2 0.1 0.8 0.1 1*0 15 .7 1 * 0 1 7 .7 1 1 .3 1 .9 - 1 . 0 1 -7 9 R A T ES 2 -8 0 0a5 1 .5 O f ________ D O L L A R S 0 .9 0 .3 2 -7 9 3 - 7 9 - 1 . 9 4 - 7 9 .0 2 1 .0 1 .0 0 8 .2 - 4 .9 - 0 .5 4 .1 1 -8 0 2 -8 0 1 .0 1 8 .5 IN IT IA L D a t a p r o c e s s o f r e v i s e d f r o m r e v i s i o n b y Q U ARTER 1 9 7 9 . t h e D a t a s o u r c e PREPA RED BY D ECEM BER 2 6 « p r i o r a g e n c y . t o FED ER A L R ES ER V E 1 9 f i f i ___________________ 1 9 7 9 i n BANK OF S T . L O U IS CORPORATE P R O F IT S A FTER TAXfcS * COMPOUNDED ANNUAL RATES OF CHANGE TERM INAL________________________ _________ QUARTER 1-79 2-79 0*0 3-79 11*2 4-79 2*9 2-79 3-79 4-79 _____________ 1-80 B I L L I O N S OF DO LLARS ANNUAL R A T E S I N I T I A L QUARTER 2-80 164.6 173.6 23 .7 168.2 4 .4 -11.9 15.1 11.0 182.9 39.8 1-80 11.1 2-80 -8 .9 -11 .0 -20.3 - ¿4 .1 -58.8 3-80 -2.2 -2 .7 •8 #4 -7.1 -24.3 39.1 1-79 2-79 3-79 4-79 2-80 1-80 146.5 1 5 9 .I P IN IT IA L QUARTER ♦ NATIONAL INCOME B A S IS P- PRELIMINARY PREPARED BY PEDERAL RESERVE BANK OF S T . LO UIS DECEMBER 26, 1980 Data revised from 1979. Data prior to 1979 in process of revision by the source agency. SOURCES OF DATA NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The December 1980 Survey of Current Business w ill contain an a r t ic le describing the major aspects of the re v isio n , summary annual estimates fo r 1978 and 1979, q u arte rly estimates for recent quarters, and monthly estimates fo r October 1979 through November 1980. National Income and Product Tables, 1976-79, a special supplement to the December issue of the Survey, w ill contain estimates fo r 1976-79 fo r the f u ll set of annual and seasonally adjusted q u arterly and monthly national income and product (NIPA) ta b le s. Nati onal Income -and Product Accounts of the Uni ted S ta te s ,_1929-76: S t a t is t ic a l Tables w ill contain a ll estimates covering e a r lie r y e a rs . This publication is expected to be availab le fo r purchase from the Superintendent of Documents in March 1981. For fu rth e r information, w rite to the National Income and Wealth D ivision (BE-54) Bureau of Economic A n a lysis, U.S. Department of Commerce, Washington, D.C. 20230. The Survey is available from most district offices of the Department of Commerce or from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. 19 IN V E N T O R IE S COMPARED WI TH MONTHLY S A L E S * * RAT I OS BASED ON SEASONALLY ADJUSTED DATA. SHADED AREAS R EPRESEN T LATEST DATA PLO TTED: SOURCE: U . S . DEPARTMENT OF COMMERCE PERIO D S OF B U S IN E S S R E C E S S IO N S . OCTOBER PR ELIM IN A R Y PREPARED BY F EDERAL RE SE RVE BANK OF S T . 20 LOUIS
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