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UNITED STATES DEPARTMENT OF LABOR
FRANCES PERKINS, Secretary

BUREAU OF LABOR STATISTICS
ISADOR LUBIN, Commissioner

BU LLETIN O F TH E U N ITED ST A TE S \
B U R E A U O F L A B O R S T A T IS T IC S /

No. 610

E M P L O Y M E N T A N D U N E M P L O Y M E N T S E R IE S

REVISED INDEXES OF FACTORY
EMPLOYMENT AND PAY ROLLS
1919 TO 1933
By
LEW IS E. T A L B E R T
and

ALICE OLENIN
of the

B ureau o f L abor S tatistics

UNITED STATES
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1935

For sale by the Superintendent of Documents, Washington, D. C,




Price 10 cents




Letter of Transmittal
U n it e d S t a t e s D e p a r t m e n t o f L a b o r ,
B u r e a u o f L a b o r S t a t is t ic s ,

Washington, October 8, 1984•
I have the honor to transmit herewith a
report giving the revised index numbers of factory employment and
pay rolls, as compiled by the Bureau of Labor Statistics. The report
presents such index numbers in detail, by months, from January 1919
to December 1933, inclusive, based on the 3-year average 1923-25
as 100 and adjusted to conform with the changes shown in the
yearly averages of each of the manufacturing industries surveyed, the
several groups of manufacturing industries, and all manufacturing
industries combined, as published in the biennial Census of Manu­
factures reports from 1919 to 1931. This series of index numbers
supersedes the series formerly published monthly by the Bureau.
The estimated number of factory wage earners and their weekly
earnings are also presented.
The revision of the Bureau's index numbers of employment and pay
rolls was made largely as a result of the recommendations of the ad­
visory committee appointed at your request by the American Statis­
tical Association. The committee consists of Bryce M. Stewart,
director of research, Industrial Relations Counselors, chairman; Ewan
Clague, director of research, Community Council of Philadelphia,
secretary; Morris A. Copeland, executive secretary, Central Statisti­
cal Board; J. Frederic Dewhurst, Twentieth Century Fund; Mere­
dith B. Givens, Social Science Research Council; Ralph G. Hurlin,
director of statistical research, Russell Sage Foundation; Aryness Joy,
office of the economic adviser to the National Emergency Council;
Murray W. Latimer, Railroad Pensions Board; Howard B. Myers,
Federal Emergency Relief Administration; and Sidney W. Wilcox,
formerly chief statistician, New York State Department of Labor and
now chief statistician of the United States Bureau of Labor Statistics.
The entire membership of the committee took an active and helpful
interest in the work of revision, and the assistance of Miss Aryness
Joy is particularly appreciated.
The adjustment of the index numbers to census figures, as made in
this report, did not include the year 1933, as the results of the 1933
Census of Manufactures are not yet available. It is the intention of
the Bureau to publish a supplement to this bulletin, bringing the
adjusted figures down to 1933.
This report was prepared by Lewis E. Talbert, chief of the division
of employment statistics, and Miss Alice Olenin, of the same division,
under the general direction of Sidney W. Wilcox, chief statistician of
the Bureau. H. O. Rogers assisted in preparing the manuscript for
the printer.
I sa d o r L u b in , Commissioner.
Hon. F r a n c e s P e r k in s ,
Secretary of Labor.
M adam S ecr eta r y :




m

Contents
Chapter 1.—background of factory employment and pay-roll indexes. _
Outline of development_________________________________________
Sources of original material______________________________________
Industries covered______________________________________________
Coverage and distribution by States_____________________________
Chapter 2.— Method of constructing factory employment and pay-roll
indexes__________________________________________________________
Link relatives employed_________________________________________
Collection and tabulation of data________________________________
Computing indexes_____________________________________________
Industry weight factors_________________________________________
Indexes not adjusted for seasonal variation_______________________
Chapter 3.—Revision to conform with census trend___________________
Pioneer work of Federal Reserve Board__________________________
Extent of discrepancy___________________________________________
Method of revision______________________________________________
Revision of group indexes_______________________________________
Revision of composite index______________ I______________________
Chapter 4.—Results of revision_____________________________________
Estimates of total employment and pay rolls now feasible_________
Shift of base period_____________________________________________
Technical difficulties encountered________________________________
Appendixes
Appendix A.—Industries surveyed by the Bureau of Labor Statistics, and
date when monthly survey began__________________________________
Appendix B.—Adjustment of index numbers of employment and pay rolls
for specified industries and groups, 1919 to 1922____________________
Charts
F igure 1. Comparison of former index of employment in manufacturing
industries with new series adjusted to conform with census trend_____
F igure 2. Comparison of former index of pay rolls in manufacturing in­
dustries with new series adjusted to conform with census trend_______
F igure 3. Trend of employment and pay rolls in manufacturing indus­
tries, 1919-1933___________________________________________________
T ables
T able 1.—Percentage of estimated total number of wage earners in each
industry, industry group, and total manufacturing covered in Bureau
of Labor Statistics survey of factory employment for December 1933-_
T able 2.—Bureau of Labor Statistics distribution of wage earners by
States for December 1933 compared with census distribution by States
for 1931; also percentage of Bureau of Labor Statistics “ sample’7 by
States for December 1933 compared with census totals for 1931_____
T able 3.—Weight factors used in revised indexes of factory employment
and pay rolls (average number of employees and average weekly pay
rolls 1923-25)____________________________________________________
T able 4.—Adjustment of indexes of employment in the blast furnaces,
steel works, and rolling mills industry to trend shown by Census of
Manufactures____________________________________________________
T able 5.—Original and revised series of index numbers for the blast
furnaces, steel works, and rolling mills industry, 1926 and 1927______
T able 6.—General indexes of employment and pay rolls in manufac­
turing industries, by months, January 1919 to December 1933 (3-year
average 1923-25=100)_____ *
______________________________________
T able 7.—Estimated number employed and weekly pay rolls in all manu­
facturing industries, by months, January 1919 to December 1933_____
T able 8.—Indexes of employment and pay rolls in manufacturing in­
dustries, by years 1923 to 1933, and by months January 1923 to Decem­
ber 1933 (3-year average 1923-25 = 100)____________________________
T able 9.—Estimated number of wage earners and weekly pay rolls in
industry groups—yearly averages 1919 to 1933, and months January
1929 to December 1933____________________________________________
IV




1
2
2
3
5
7
7
7
8
8
10
11
11
12
13
15
18
20
22
24
24
97
99
12
13
21
4
6
9
14
15
22
23
27
90

BULLETIN OF THE

U.S. BUREAU OF LABOR STATISTICS
No. 610

WASHINGTON

Fe b r u a r y , 1935

REVISED INDEXES OF FACTORY EMPLOYMENT
AND PAY ROLLS, 1919 TO 1933
Chapter 1.—Background of Factory Employment and PayRoll Indexes

In response to the demand for reliable information showing current
fluctuations in the volume of employment, the Bureau of Labor
Statistics has been collecting statistics of employment and pay rolls
from representative manufacturing establishments since October 1915.
Beginning with January 1916, the information has been published
each month in the Monthly Labor Review, but to avoid delays
incident to printing, the figures are first issued in the form of mimeo­
graphed press releases. In recent years this information has been
presented in a pamphlet entitled “ Trend of Employment/’ which is
available about 2 months prior to the publication of the data in the
Monthly Labor Review.
It is, of course, impracticable for the Bureau to attempt to cover all
of the many thousand manufacturing establishments in the country
in these monthly surveys. The cost of a complete canvass would be
prohibitive, and compilation of such voluminous information would
greatly delay the publication of the final figures. In consequence,
the Bureau has relied on a sampling method and canvasses only a
selected list of establishments which is believed to be typical of the
industry as a whole. The results of these sample canvasses are pub­
lished in the form of index numbers for industries and groups and
total manufactures and as aggregates for groups and total manufac­
tures. Additional data concerning average weekly earnings, average
hourly earnings, hours worked per week, and wage changes are also
compiled.
The Bureau’s indexes of factory employment and pay rolls have
proved reasonably accurate indicators of the labor market over a
limited period of time. Not only have they reflected changes in fac­
tory employment, but they have likewise been important indicators
of the course of manufacturing and valuable guides to the flow of
purchasing power into the hands of the wage earners of the country.
Moreover, while not showing directly the volume of unemployment,
the series has been of help in measuring the relative intensity of un­
employment during periods of business depression.




1

2

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Outline of Development
As first compiled, the monthly employment index was based on only
four industries. By the end of 1916 the Bureau had succeeded in
obtaining reports for 9 additional manufacturing industries. Re­
turns from these 13 industries formed the basis of the index of factory
employment from 1916 to 1922.
The collapse of the post-war boom late in 1920 and the acute depres­
sion that followed emphasized the need for more comprehensive infor­
mation on the trend of employment. As a result the coverage of the
Bureau’s monthly employment survey of manufacturing industries
was again broadened in 1922 and extensive additions were made. In
July of that year, 29 manufacturing industries were added to the sur­
vey and later 12 more were included. These additions brought the
total number of industries surveyed to 54, a group that employed
approximately 83 percent of the workers in all manufacturing indus­
tries of the country in 1925. The establishments surveyed monthly
employed approximately 50 percent of this 83 percent of all factory
workers.
Further improvements in the indexes of factory employment and
pay rolls were effected in 1931. Important changes had taken place
in manufacturing during the post-war decade. Industries such as
rayon and radio manufacturing, which were of little significance at
the beginning of the period, had grown enormously and were conse­
quently added (see Appendix A, p. 97) to the list. Other industries
(pianos and organs, and carriages and wagons) had dwindled to incon­
sequential proportions during the interval and were dropped. In addi­
tion, the industry groups into which the 54 manufacturing industries
surveyed had been classified were imperfectly balanced. Some of the
Bureau’s groups represented all of the separate industries included in
the corresponding census group, while in other groups there were im­
portant omissions. *These obvious shortcomings were corrected by
the addition of 36 industries and a reclassification of the Bureau’s
industry groups. The 90 industries at present covered in the monthly
surveys appear to be sufficiently representative for gaging the trend
of employment for manufacturing as a whole.
Sources of Original Material
In compiling the indexes of factory employment and pay rolls the
Bureau of Labor Statistics makes a direct canvass of manufacturing
establishments except where data are collected by State agencies, in
which case the Bureau makes use of the statistics collected by these
various cooperating agencies. In October 1915, when the Bureau first
undertook the work, only three States—Massachusetts, New York,
and New Jersey—were collecting satisfactory employment data.
Although these three were important manufacturing States, the infor­
mation failed to give an accurate cross section of manufacturing for
the country as a whole, because of the high degree of industrial spe­
cialization in these States. This was especially true of Massachu­
setts, where manufacturing was restricted principally to the textile
and boot and shoe industries. Manufacturing in New York and New
Jersey is more diversified, with the machinery and metal-working
industries fairly well represented, but to some extent the statistics




CHAP. 1.— BACKGROUND

3

for these States are disproportionately weighted by specialization
in particular branches of manufacturing. There was likewise the
highly important factor of geographical variations within the same
industry that had to be considered before an index typical of total
manufacturing could be constructed. Consequently, from the begin­
ning the Bureau was forced to rely on direct canvasses for a large part
of its information.
In subsequent years other States have made provision for collecting
employment statistics, the majority of them in cooperation with the
Bureau. In 1915 the Wisconsin Industrial Commission began to col­
lect employment data and similar work was undertaken by several
other States during the post-war business depression of 1921. Among
the important States entering the field during this period were Illinois
and Connecticut.1 Interest in employment languished from 1923 to
1929, and during this interval little was done by other States toward
developing reliable employment statistics. Within the past 5 years,
however, with the country in the grip of acute depression, the chal­
lenge of unemployment has revived interest, and agencies in a number
of additional States have begun the collection of employment statis­
tics. At present data are being gathered in the following States:
Arkansas.2
California.2
Illinois.2
Iowa.
Kansas.2
Maryland.2
Massachusetts.2
Michigan.2
Minnesota.
New Jersey.2

New York.2
Ohio.
Oklahoma.
Oregon.
Pennsylvania.2
Rhode Island.
Texas.2
Virginia.
Wisconsin.2

There is still a large number of States which have yet to provide
for the collection of employment data. Nearly 60 percent of the
total number of wage earners employed m manufacturing in 1931 were
in the States now collecting information in cooperation with the
United States Bureau of Labor Statistics.
Industries Covered
To illustrate the typical industrial make-up of the Bureau's current
index of factory employment, table 1 has been prepared. The figures
given in the table show the percentage the “sample" is of the esti­
mated total; that is, the actual number of wage earners reported to
the Bureau in its survey for December 1933 compared with the esti­
mated total number of wage earners employed in each industry and
industry group and in total manufacturing in the same month.
1 Berridge, William A. What the Present Statistics of Employment Show. New York, 1923, ch. IV,
p. 51: “ Business cycles and unemployment.”
2 Cooperating with the United States Bureau of Labor Statistics.




4

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T a b l e 1.— Percentage of estimated total number of wage earners in each industry ,

industry group , and total manufacturing covered in Bureau of Labor Statistics
survey of factory employment for December 1933

Industry-

Per­
cent

Industry

Per­
cent

50 Stone, clay, and glass products—Contd.
T otal M anufacturing ___________
Glass_____________________________
Iron and steel and their products, not in­
Marble, granite, slate, and other prod­
80
cluding machinery___________________
70
ucts_____________________________
36
Blast furnaces, steel works, and rol­
Pottery___________________________
69
89 Textiles and their products-------------------ling mills________________________
50
Bolts, nuts, washers, and rivets______
86
Fabrics___________________________
60
64
Cast-iron pipe______________________
Carpets and rugs_______________
72
Cutlery (not including silver and
Cotton goods___________________
72
plated cutlery) and edge tools______
88
Cotton small wares_____________
82
65
Forgings, iron and steel_____________
Dyeing and finishing textiles____
58
85
Hardware_________________________
Hats, fur-felt___________________
45
48
Plumbers’ supplies_________________
Knit goods_____________________
57
Steam and hot-water heating appara­
Silk and rayon goods___________
53
tus and steam fittings_____________
Woolen and worsted goods______
46
Stoves____________________________
Wearing apparel___________________
31
Structural and ornamental metal work.
62
Clothing, men’s________________
43
40
Tin cans and other tinware_________
Clothing, women’s_____________
21
Tools (not including edge tools, ma­
Corsets and allied garments_____
38
chine tools, files, and saws)_________
81
Men’s furnishings______________
37
36
Wirewoik_________________________
Millinery______________________
34
Machinery, not including transportation
Shirts and collars_______________
28
54 Leather and its manufactures___________
equipment__________________________
49
61
Agricultural implements____________
Boots and shoes____________________
58
Cash registers, adding machines, and
Leather___________________________
63
calculating machines______________ 0)
Food and kindred products_____________
43
Electrical machinery, apparatus, and
Baking____________________________
38
79
supplies--------------------------------------Beverages_________________________
59
Engines, turbines, tractors, and water
Butter____________________________
28
71
wheels___________________________
Canning and preserving____________
76
Foundry and machine-shop products..
45
Confectionery_____________________
70
Machine tools______________________ 0)
Flour_____________________________
68
56
Radios and phonographs____________
Ice cream_________________________
60
56
Textile machinery and parts________
Slaughtering and meat packing______
83
Typewriters and supplies___________ 0 )
Sugar, beet________________________
77
Transportation equipment______________
Sugar refining, cane________________
73
76
Aircraft___________________________
62
Automobiles_______________________
81 Tobacco manufactures_________________
Chewing and smoking tobacco and
Cars, electric- and steam-railroad____
49
snuff____________________________
81
65
Locomotives_______________________
Cigars and cigarettes_______________
59
84
Shipbuilding_______________________
35 Paper and printing-------------------------------Railroad repair shops___________________
46
85
Electric railroads___________________
Boxes, paper_______________________
54
30
Steam railroads____________________
Paper and pulp____________________
85
51
Nonferrous metals and their products-----Printing and publishing—
30
Aluminum manufactures___________
Book and job___________________
40
82
Brass, bronze, and copper products—
Newspapers and periodicals______
47
Clocks and watches and time-record­
Chemicals and petroleum products 2_____
50
68
ing devices_______________________
Other than petroleum refining______42
50
Jewelry___________________________
Chemicals____________________ 47
26
Lighting equipment------------------------Cottonseed oil, cake, and meal. ...
34
78
Silverware and plated ware_________
Druggists’ preparations_________
87
Smelting and refining—copper, lead,
Explosives_____________________
83
63
and zinc_________________________
Fertilizers______________________
50
Stamped and enameled ware________
Paints and varnishes____________
71
32
Lumber and allied products_____________
Rayon and allied products______
66
44
Furniture___________________ ______
Soap__________________________
Lumber:
Petroleum refining________________ _ (0 85
53
Mill work. ______________________
83
48 Rubber products______________________
Sawmills___________________ ....
Rubber boots and shoes_____________
93
5
Turpentine and rosin_______________
Rubber goods, other than boots, shoes,
57
Stone, clay, and glass products__________
tires, and inner tubes______________
65
57
Brick, tile, and terra cotta___________
Rubber tires and inner tubes_________
80
100
Cement___________________________
1 Due to overlapping of products manufactured in certain establishments, and the inclusion of all wage
earners in an establishment under one industry classification, the Bureau’s survey shows a coverage in
excess of 100 percent, when compared with estimated total employment in the industry, based on a more
refined census industry total.
2 This group is a combination of chemicals and allied products, and products of petroleum and coal
except manufactured gas.

0)

From table 1 it will be seen that a wide range of coverage has been
established. The high percentage of coverage shown for some
industries is due chiefly to technical difficulties encountered in classi­
fying some of the reporting establishments. A number of reporting



CHAP. 1.— BACKGROUND

5

companies manufacture a variety of products, and the classification of
these establishments according to the principal products manufac­
tured results in the inclusion of employees who are not directly
engaged in the manufacture of products under the industry as classi­
fied by the Bureau of Labor Statistics. The Bureau of the Census,
in its more detailed reports, secures a separation of such employees
where possible and presents the data under a more precise classifica­
tion. This difference in classification of employees results in a cover­
age in excess of 100 percent in certain industries in the Bureau’s
tabulations.3
Since the principal products of the establishments reporting in these
industries is the basis of the Bureau’s classification, and as it is not
feasible for the reporting companies to make a detailed break-down
each month, the employees engaged in the manufacture of allied prod­
ucts are necessarily included with those employed in the manufacture
of the major product of the reporting company. This tends to distort
the index for a few individual industries, but has little significant
influence on the group and composite indexes.

In contrast, there are several industries which are insufficiently
covered. This is notably true of the turpentine and rosin industry.
Due to difficulties encountered in contacting companies manufac­
turing these commodities, the Bureau’s sample for December 1933
included only 5 percent of the total number of wage earners employed
in the industry. Less conspicuous but serious weaknesses are
apparent in several other industries, especially in those which are
comprised chiefly of small and widely scattered producing units.
These deficiencies are expected to be corrected shortly by the addition
of other firms to the list of reporting companies.
Coverage and Distribution by States
Although planned with primary reference to industries, the geo­
graphical composition of the Bureau of Labor Statistics index of
factory employment is reasonably representative. The distribution
of wage earners and the approximate coverage of the Bureau’s sample,
by States, in a typical survey is indicated in table 2. Analysis
reveals a wide range; for example, 11 States show 60 percent or over
of the total number of wage earners in these States, as indicated by
census figures for 1931, covered in the Bureau survey in December
1933. In North Carolina the survey covered 74 percent of all factory
wage earners; in Kansas, 72 percent; and in Connecticut, 71 percent.
In Nevada, however, only 16 percent were covered and in Mississippi,
22 percent. The comparison of the Census of Manufactures State
averages for 1931 and the Bureau’s sample by States for the single
month of December 1933 may show a disproportionate percent of
coverage in certain instances, because of seasonal changes which
would affect any comparison of average wage earners for an entire
year with employment in the month of December. However, State
figures were not available in the Bureau in 1931, the latest year for
which census data were available, and the December 1933 sample
3
The Bureau’s sample of the typewriters and parts industry, for example, includes some employees
engaged in the manufacture of typewriter supplies. Several of the companies classified with the tire and
inner-tube industry manufacture rubber goods other than tires and tubes. Similar difficulties of classifi­
cation are likewise encountered in the steam fitting and steam and hot-water heating apparatus industry,
the machine-tools industry, the cash register, adding machine, and calculating machine industry, the
soap industry, and the beet-sugar industry.




6

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

was used for the comparison because the volume of reporting com­
panies was greatest in that month.
As compared with the total number of wage earners in all manu­
facturing industries, only 8.9 percent of th6 wage earners covered in the
Bureau's survey for December 1933 were in New York, while, accord­
ing to the Census of Manufactures for 1931, factories located in New
York accounted for 13 percent of the wage earners employed in
manufacturing. The “sample" for Ohio, on the contrary, repre­
sented 10.4 percent of the Bureau's total, as compared to the 7.8
percent reported by the census. These differences, however, are not
believed to be of sufficient significance to detract materially from the
value of the index.
T able

2 .— Bureau of Labor Statistics distribution of wage earners by States for
December 1983 compared with census distribution by States for 1981; also percent­
age of Bureau of Labor Statistics “ sample’ 7 by States for December 1988 compared
with census totals for 1981

Census Bureau of Labor
Statistics
State

U nited States___
Alabama______________
A rizon a,.___________
Arkansas______________
California________ _
Colorado - . __ _ _
Connecticut__ ____ _
Delaware
_____
District of Columbia___
Florida..
_____ _
Georgia,
Idaho____ , _____
Illinois_____
___
Indiana,
________
Iowa. ____________ _
Kansas,.
K entucky___ _____
Louisiana ___________
Maine. . _ __ __
M aryland_________ ___
Massachusetts
Michigan _____
Minnesota _. . . . .
Mississippi _ _ _
Missouri. ... _____
1

Percent Percent
of total, of total,
year Decem­
1931 ber 1933
100.0

100.0

1.. 3
l
.4
3.. 4
3
2. 9
.. 3
l
.8
1. 8
.l
7. 4
3. 3
.9
.6
.9
.9
.9
1. 7
6. 6
5. 7
1. 2
.4
2.4

1.. 5
l
.3
3. 2
.5
4. 3
.2
.1
.5
2. 2
.2
6. 3
3.1
.8

Less than Ho of 1 percent.




.8
.8

.7
.
1. 9
5. 3
7. 7
1.0
.2
12

1.8

Percent
of cov­
erage in
State
48
57
33
34
47
62
71
44
23
33
59
57
41
46
41
72
44
39
70
58
38
66
39
22
37

Census Bureau of Labor
Statistics
State

Montana_______ ____ _
NTfihrpslrq
Nevada, ______________
New Hampshire______
New Jersey_______ _
New Mexico __ ___
New York ____ _ _
North Carolina____ . .
North Dakota
. ..
Ohio, ,, , _______ ,.
Oklahoma,, , ______ _
Oregon ______ ____
Pennsylvania,_ _ . . ..
Rhode Island___ ____ _
South Carolina____ _ _.
South Dakota_______
Tennessee_____ ____ _
Texas___ _____ _ .
U ta h _________________
Vermont, , _, _____
Virginia.__________ ..
Washington ,
_. .
West Virginia,. ..
Wisconsin_____
Wyoming________ _ __

Percent Percent Percent
of total, of total, of cov­
year Decem­ erage in
1931 ber 1933 State
0.1
4
(1)‘
.8
5.1
(l)
13. 0
2. 7
.1
7.8
.3
.6
11. 9
1. 5
1. 3
.1
1. 4
1. 5
.2
.3
1. 6
1.1
1. 0
2.8
.l

4
(1). ^
1. 0
5.1
0)
8. 9
4!
(1) 2
10. 4
.3
6
12! 2
1. 3
1.. 7
1
1. 5
1. 3
.2
.2
2. 0
1. 0
1. 4
2. 2
(])
0.1

41
K
O
O
Z
16
58
48
23
33
74
27
60
45
44
50
43
63
40
50
43
61
28
60
44
70
38
32

Chapter 2.—Method of Constructing Factory Employment
and Pay-Roll Indexes

To aid in the interpretation of these statistics, the Bureau, since
April 1924, has published its information on factory employment in
the form of index numbers. Formerly, changes in employment had
been shown by the simple and direct device of comparing the actual
number of workers on the pay rolls of the reporting companies for
the current month with the number reported by the same establish­
ments in the month preceding or in the corresponding month of the
previous year. Although this method had the advantage of giving
a quantitative perspective, this favorable feature was more than offset
by obvious defects. It was useful only in making short-time com­
parisons, since a relationship was established for no more than the
preceding month and the corresponding month of the preceding year.
This method of presentation was so cumbersome that only an expert
thoroughly conversant with the industrial situation could form an
intelligible picture of developments in employment over an extended
period.
Because of the highly undesirable characteristics of the old method
of presentation, the returns from the cooperating firms for the past
decade have been expressed as index numbers; that is, as relatives
stated in percentage of a selected base figure. This method not only
has the definite advantage of enabling the user to see at a glance the
relationship of the current level of employment with that of the month
preceding or with that of the corresponding month of the previous
year, but it also gives a coherent and continuous picture of the trend
since the beginning of the record.1
Link Relatives Employed
In translating the data into indexes the simplest form has been
adopted. The industry indexes are month-to-month link relatives
which, in turn, are compounded into chain relatives. The group and
composite indexes are weighted by the proportional importance of
the component industries and industry groups as shown by the
Census of Manufactures. The result is an aggregative index coveringtotal manufacturing.
The base period of the indexes of factory employment and pay rolls
has been revised from time to time. The average for the census year
1919 was first selected. In subsequent series the averages for 1923
and later for 1926 were used as the base. The base for present indexes
is, temporarily, the 3-year average for 1923-25.
Collection and Tabulation of Data
Information for constructing the Bureau’s index is collected by
means of questionnaires. Each cooperating establishment is re­
quested to furnish pay-roll information covering the pay period ending
nearest the 15th of the current month. If the pay period covers a
1
York,

Hurlin, R. G., and Berridge, W. A., Editors. Employment Statistics for the United States. New
1926, p. 137.




7

8

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

period of more than 1 week, the total earnings reported are reduced
to the equivalent of 1 week’s earnings.2 The number of employees
in the establishments in the current and the preceding month, to­
gether with similar information covering weekly pay rolls and weekly
man-hours, is transferred to a punch card. These cards are tabu­
lated about the 10th of the following month, by which time virtually
all of the returns have been received.

The monthly tabulations are based on reports from identical estab­
lishments supplying information for both the current and the preceding
month. The number of reporting establishments varies from month
to month, as some firms fail to supply the information in time for
inclusion in the tabulations. From time to time additional firms are
included, as needed, to replace plants which have discontinued re­
porting and to strengthen groups that are underrepresented.

Computing Indexes

The tabulation of the information supplies a comparison of tota
employment in identical establishments for a pay-roll period of the
current month and of the preceding month, and similar information
for the amount paid in wages during 1 week of the two periods under
review. From these totals the percentage change over the month
interval is computed. This percentage change is added to or sub­
tracted from 100.0, thus determining the relative percentage of employ­
ment or pay rolls in the current month as compared with employment
or pay rolls in the month preceding. To obtain the current month’s
index number this percentage is multiplied by the index of the preceding
month.

Industry Weight Factors
Because of the wide variation in the inclusiveness of the samples
for individual industries (see table 1), and to avoid overrepresenting
or underrepresenting the different groups, each industry covered is
assigned a weight equivalent to its proportionate importance as an
employer of wage earners in manufacturing as a whole. The weight­
ing factors used in computing the revised employment indexes were
the annual average number of wage earners employed by the industry
in 1929. The weighting factors for the pay-roll indexes were the
total annual pay rolls of the industry, reduced to an average weekly
basis, as shown by the Census of Manufactures for 1929. The year
1929—the latest year for which census figures were available at the
time the adjustment of the indexes was begun—was used as a tem­
porary base period for both indexes and weighting factors in the
adjustment, pending the selection of a more suitable base period.
As stated heretofore, the average for the 36-month period, 1923-25,
was subsequently selected as the base period and the indexes con­
verted accordingly. The weight factors for 1923-25 are given in table 3.
Each industry index in a group is multiplied by its weighting factor,
and the sum of the products thus obtained is divided by the total
weight of the industries surveyed in the group. This procedure results
in a weighted group index wherein each of the separate industries
exerts an influence equal to its proper proportion of the group total.

2
Where pay rolls of reporting establishments cover 2 or more weeks, the pay rolls are reduced to a weekly
basis by dividing the total earnings for the period reported by the number of weeks covered. Pay rolls
covering semimonthly or monthly periods are reduced to a weekly basis by dividing the total earnings
by the number of days, omitting Sundays, in the calendar period reported and multiplying the daily rate
thus secured by 6. No allowance is made for holidays or shut-downs during the period reported.




CHAP. 2.— METHOD OF CONSTRUCTING

9

T a b l e 3 . — Weight factors used in revised indexes o f factory employment and pay

rolls (average number of employees and average weekly pay rolls 1923-25)1

Industry and group

Average
number of Average
weekly
wage
earners pay rolls

T otal M anufacturing 2__________________________________
8, 381,700 $203,476,000
Iron and steel and their products, not including machinery_______
859.100 24, 658, 000
Blast furnaces, steel works, and rolling mills________________
406, 400 12,827,000
Bolts, nuts, washers, and rivets____________________________
14, 200
348, 000
Cast-iron pipe------------------------------------------------------------------22,500
509, 000
Cutlery (not including silver and plated cutlery) and edge tools.
16, 700
388, 000
Forgings, iron and steel___________________________________
23, 800
679,, 000
Hardware________________________________________________
51, 400 1,218, 000
Plumbers* supplies_______________________________________
30, 200
817, 000
Steam and hot-water heating apparatus and steam fittings____
43, 200 1, 227, 000
Stoves___________________________________________________
47, 000 1, 2696, 000
Structural and ornamental metal work--------------------------------49, 400 I, 4946, 000
Tin cans and other tinware________________________________
30, 200
6421, 000
Tools (not including edge tools, machine tools, files, and saws).
17,900
415, 000
Wireworks______________________________________________
18,000
Machinery, not including transportation equipment_____________
878.100 23, 655,000
28, 200
Agricultural implements__________________________________
709, 000
Cash registers, adding machines, and calculating machines___
13, 900
417, 000
222, 400 5,729, 000
Electrical machinery, apparatus, and supplies_______________
Engines, turbines, tractors, and water wheels_______________
50, 000 1,397, 000
408, 700 II, 394, 000
Foundry and machine-shop products_______________________
28, 300
782, 000
Machine tools____________________________________________
Radios and phonographs__________________________________
29, 400
701, 000
30, 700
753, 000
Textile machinery and parts_______________________________
14, 000
330, 000
Typewriters and parts____________________________________
563, 500 17, 214, 000
Transportation equipment____________________________________
2, 800
84, 000
Aircraft_________________________________________________
402, 700 12, 618, 000
Automobiles_____________________________________________
63, 500 1,930, 000
Cars, electric- and steam-railroad___________________________
594, 000
Locomotives____________________________________________
19, 400
54,400 1, 547, 000
Shipbuilding____________________________________________
482.100 13, 563, 000
Railroad repair shop_________________________________________
33, 600
933,000
Electric railroad__________________________________________
448, 500 12,630, 000
Steam railroad___________________________________________
282, 600 7, 329, 000
Nonferrous metals and their products_________________________
Aluminum manufactures_________________________________
15, 300
381, 000
65.100 1, 752, 000
Brass, bronze, and copper products________________________
485, 000
21,800
Clocks and watches and time-recording devices______________
Jewelry_________________________________________________
25.100
661, 000
22, 600
579, 000
Lighting equipment______________________________________
17, 000
450, 000
Silverware and plated ware-----------------------------------------------953, 000
33, 900
Smelting and refining—copper, lead, and zinc_______________
33, 200
767, 000
Stamped and enameled ware______________________________
918, 400 18, 523, 000
Lumber and allied products__________________________________
172, 900 4,094, 000
Furniture----------------- ------ -----------------------------------------------Lumber:
106, 500 2, 682,000
Mill work__________________________
478, 500 8, 930, 000
Sawmills__________________________
31, 900
295, 000
Turpentine and rosin__________________
350, 300 8,878, 000
Stone, clay, and glass products--------------------102,100
2,426, 000
Brick, tile, and terra cotta______________
36, 9G0 1, Oil, 000
Cement_______________________________
69, 800 1,672, 000
Glass_________________________________
38, 300 1,165, 000
Marble, granite, slate, and other products.
918, 000
37, 400
Pottery_______________________________
1, 629, 400 31,676, 000
Textiles and their products_________________
1,105, 600 20,368, 000
Fabrics_______________________________
33,900
855, 000
Carpets and rugs___________________
441, 800 6,927, 000
Cotton goods---------------------------------15, 700
291, 000
Cotton, small wares________________
65,100 1,452, 000
Dyeing and finishing textiles-----------385, 000
15, 700
Hats, fur-felt______________________
185, 200 3,119, 000
Knit goods________________________
125, 700 2, 504, 000
Silk and rayon goods----------------------178, 000 3,941, 000
Woolen and worsted goods--------------474,100 10, 336, 000
Wearing apparel---------------------------------- l
182, 200 4,144, 000
Clothing, men’s-----------------------------127, 700 3, 286, 000
Clothing, women’s_________________
15, 300
247, 000
Corsets and allied garments-------------304, 000
20, 000
Men’s furnishings---------------------------790, 000
31, 800
Millinery_________________________
805, 00
57, 600
Shirts and collars__________________
1 Based on annual average number of wage earners and average weekly pay rolls, Census of Manufac­
tures 1923 and 1925, and estimates for 1924.
2 Less manufactured gas and motion pictures.




REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

10
3.

— Weight factors used in revised indexes of factory employment and pay
rolls (average number of employees and average weekly pay rolls 1928— — Con.
25)

T able

Industry and group

Average
number of Average
weekly
wage
earners pay rolls

Leather and its manufactures________________________________
Boots and shoes--------------------------------------------------------------Leather________________________________________________
Food and kindred products---------------------------------------------------Baking--------------------------------------------------------------------------Beverages----------------------------------------------------------------------Butter_________________________________________________
Canning and preserving--------------------------------------------------Confectionery----------------------------------------------------------------Flour__________________________________________________
Ice cream______________________________________________
Slaughtering and meat packing___________________________
Sugar, beet--------------------------------------------------------------------Sugar refining, cane--------------------------------------------------------Tobacco manufactures______________________________________
Chewing and smoking tobacco and snuff---------------------------Cigars and cigarettes____________________________________
Paper and printing---------------------------------------------------------------Boxes, paper___________________________________________
Paper and pulp--------------------------------------------------------------Printing and publishing:
Book and job_______________________________________
Newspapers and periodicals__________________________
Chemicals and petroleum products 3 _________________________
Other than petroleum refining------------------------------------------Chemicals__________________________________________
Cottonseed—oil, cake, and meal----------------------------------Druggists’ preparations---------------------------------------------Explosives---------------------------------------------------------------Fertilizers__________________________________________
Paints and varnishes________________________________
Rayon and allied products___________________________
Soap_______________________________________________
Petroleum refining______________________________________
Rubber products___________________________________________
Rubber boots and shoes_________________________________
Rubber goods, other than boots, shoes, tires, and inner tubes.
Rubber tires and inner tubes_____________________________
3

323, 500 $6,986,000
212, 600
4.471.000
54,700 1.314.000
668, 300
15.240.000
162, 400 4, 211,000
27.900
695.000
19,000
454.000
83, 600 1, 245,000
62,400 1.047.000
33,500
786.000
23, 300
633.000
126,700 3,142, 000
8,200
213.000
14, 700
376.000
138,400 2, 225,000
15.900
242.000
122, 500 1.983.000
531,100 14.865.000
56.900 1, 067,000
120, 600
2.959.000
133,100 4, 075,000
116, 900 3.998.000
333,000 8.321.000
268, 200 6, 369, 000
57.000 1, 517,000
14,500
181,000
9,200
192.000
5,900
160.000
18, 500
318.000
23,900
627.000
16.000
390.000
16,200
378.000
64,800 1, 952,000
134, 300 3,468, 000
25,200
545.000
33,400
765.000
75, 700 2,158, 000

Combination of census chemical and petroleum groups, less manufactured gas.

Indexes Not Adjusted for Seasonal Variation
Employment in many branches of manufacturing displays a distinct
seasonal rhythm. For this reason a strong argument is presented for
making an adjustment for seasonal changes. Such an adjustment
would indicate more accurately the extent to which current fluctua­
tions in employment were due to fundamental changes in economic
conditions. In the past the Bureau has not made such adjustments,
principally because of insufficient appropriations and personnel. The
Federal Reserve Board, however, has computed measures of seasonal
variation in factory employment, and publishes seasonally adjusted
indexes of factory employment currently in the Federal Reserve
Bulletin.3
3 For description see Federal Reserve Bulletin, Washington, D. C., November 1930 and June 1934.
Data may be obtained on request from the Division of Research and Statistics of the Federal Reserve




Chapter 3.—Revision to Conform with Census Trend

One weakness of chain indexes is the possibility of errors of a pro­
gressive and cumulative character. With a chain type of index, an
error in calculating the percentage of change in any one month not
only affects the index for that particular month but is carried to all
subsequent items of the series. In part, the statistical hazards in­
volved in using the chain type of index could have been avoided by
employing an identical-establishment-fixed-base method. But this
system likewise has its drawbacks. The value of the index depends
largely on the promptness with which it is made available. An
identical-establishment index would subordinate speed without fur­
nishing a compensating degree of accuracy. Much of the statistical
raw material now currently available could not be utilized under
such a system. For these reasons, the chain method has been em­
ployed.
The Bureau’s former series of indexes indicated fairly accurately
the changes in employment and pay rolls over a limited period of time,
but they tended to deviate from the true trend for an industry over an
extended period. This is because they did not reflect the rise in
employment occasioned by the entrance of new firms into the indus­
tries, nor the decline of employment due to industrial mortality.
Since the industrial birth rate far exceeded the death rate during the
life span of the Bureau’s employment series, the index revealed a
pronounced downward bias when compared with the biennial census
trend. It was decided, therefore, to adjust the indexes to conform
with the averages shown in the biennial Census of Manufactures
report.
Pioneer Work of Federal Reserve Board
That the former series of unadjusted indexes of the Bureau of Labor
Statistics resulted in inaccuracies in indicating total employment has
long been recognized. Credit for measuring the discrepancies in
concrete terms and developing a serviceable method for adjusting the
current employment statistics to accord with the trend indicated by
the biennial census data belongs chiefly to the work done for the
Federal Reserve Board by William Berridge, Woodlief Thomas, and
Aryness Joy and for the Federal Reserve Bank of Philadelphia by
J. Frederic Dewhurst.

An index of employment, based on pay-roll data from several
different bureaus but with information of the Bureau of Labor Sta­
tistics an important component, was constructed by the Federal
Reserve Board in 1923. Like the Bureau’s index, that of the Reserve
Board was necessarily compiled by means of the shifting-base or
chain method. A check of the Board’s index against the census
figures for the years 1919, 1921, and 1923 disclosed significant differ­
ences and accordingly the index was adjusted to conform with the more
reliable information contained in the Census of Manufactures. Subse­
quent correction was made for changes between the years 1923 and




11

12

[REVISED INDEXES----EMPLOYMENT AND PAY ROLLS

1925, but even after this preliminary fitting to the census curve it was
found that the current figures developed imperfections at a surpris­
ingly rapid rate. The census figures for 1927, for example, showed
that employment in manufacturing industries was 5 percent less
than in 1923, indicating a decrease of approximately 425,000 workers,
whereas the Federal Reserve Board’s uncorrected index over the same
period indicated a decline of about 12 percent, which would represent
a decrease of more than 1,000,000 workers.1 These findings clearly
indicated the necessity for periodic adjustments.
As the Federal Reserve index was based to a large extent on infor­
mation drawn from the Bureau of Labor Statistics from 1923 on, it
was apparent that the Bureau’s index was similarly defective. The
chart

1923

192 **

1925

1926

1927

1928

i

1929

1930

1931

1932

1933

decision to revise the Bureau’s index was reached in 1932 and more
than a year was required to complete the work.
Extent of Discrepancy
A comparison of the old series and the revised series of employment
indexes revealed that between 1923 and 1929 the old index of employ­
ment developed a bias of about 11 percent. This means that the use
of the Bureau’s former index to calculate the changes in total factory
employment from 1923 to 1929 would have underestimated total
employment in 1929 by approximately a million workers. Although
the discrepancy was most pronounced in 1929, the trend away from
realities grew progressively throughout the period from 1923 to 1929.
(See fig. 1.) Over the period 1929-31, the decrease shown in the com­
posite index of factory employment differed only 0.3 percent from
the decrease in total factory employment as shown by the census
records. It must be borne in mind also that the former index did
not include the canning and preserving industry, which in peak
1 Federal Reserve Bulletin, Washington, D. C., November 1929, vol. 15, no. 11, p. 707.




CHAP. 3.----REVISION TO CONFORM WITH CENSUS

13

months represented from 2 to 3 percent of total manufacturing
employment.
The indexes of factory pay rolls made a somewhat better showing.
(See fig. 2.) Like the employment index, the departure away from
realities was greatest in 1929. In that year the error amounted to 9
percent, which meant that, measured by the old pay-roll index,
earnings of factory workers in 1929 were understated by, roughly, a
billion dollars. Also, as in the case of the employment index, the
margin of error diminished during the recent depression years.
Method of Revision 2
The method of adjustment to the census trend adopted by the
Bureau of Labor Statistics differs slightly from that used by the
Federal Reserve Board. Essentially, the method employed was a
CHART

Z

Comparison °f Former Index BwRolls m Manufacturing
Industries with NewSeries Adjusted to Conformwith Census Tto©

straight-line adjustment between averages of numbers employed, or
pay rolls, as shown in a pair of census years from 1923 to 1931. No
attempt was made to use the monthly figures published by the
census, as employment data by months were not available for each
of the biennial census reports and monthly pay-roll data were not
available for any year. From a standpoint of statistical technique,
the method is open to some criticism, but on a large computation of
this kind, simplicity was essential and, as it seemed to give reasonably
accurate results, it was adopted despite its shortcomings.

The method of adjustment can best be illustrated by following
step by step the procedure in a specific instance. For this purpose,

2

For an alternative method of revision see paper by Sidney W. Wilcox, entitled “Adjustment of Indexes
of Employment and Pay Rolls for Conformity to Census of Manufactures”, in Journal of the American
Statistical Association, March 1934, Supplement.
91911°—35-----2




14

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

the revision of the employment indexes for the blast furnaces, steel
works, and rolling-mills industry can be accepted as typical.
The first step in the process was to accept the 1923 indexes of
employment for the blast furances, steel works, and rolling mills
industry without change. In 1925 the annual averages of the monthly
indexes showed a decline from 1923 of 4.1 percent, as against a
decrease of 5.9 percent in the average number of wage earners
shown by the census over the interval. By simple proportion, it
is found that the Bureau’s average index for 1925 should have
been 96.1 instead of 97.9. To reconcile the index to conform with
the census trend the procedure was to scale down each of the monthly
indexes, beginning with January 1924, so as to reduce each monthly
index number in 1925 to a point where the average for the year
would be 96.1. This adjustment was made by arithmetic interpo­
lation as illustrated by table 4. The process involves simply the
application of a cumulative unit which, when applied over the
24-month interval, results in bringing the average index for 1925 into
adjustment with the trend indicated by the census. For the blast
furnaces, steel works, and rolling mills industry the unit was a decre­
ment of 0.0973. It is hardly necessary to point out that the reason
for apportioning the difference was to preserve the monthly fluc­
tuations established by the original index numbers.
T able

4.— Adjustment of indexes of employment in the blast furnaces , steel works,
and rolling mills industry to trend shown by Census of Manufactures

1924
Month

January_____ ___ _________
February. ___ ___________
March___ ______ __
April. __ __ _____ _____
M ay.. ____
__ ___
June________________ __ _
July________________________
August. __ _____ __ ___ ___
September___ _ __ ___ __ _
October _____ __ __ _ __
November____ ______
December_______ ________
Average. _ _ _ __________

1923 base
series

1925

Old series
Indicated after
decre­ decre­ Old series
Old series ment = ment
-0.0973 adjust­
ment

96.5
101.0
99.3
105.8
101.0 107.8
108.5
101.3
103.3
98.3
105.9
91.4
102.8 86.1
105.4
83.8
104.5
86.3
104.2
89.9
102.2 90.3
98.3
95.4
102.1 95.4

0. 097
. 195
.292
.389
.487
.584
.681
.778
.876
.973
1.070
1.168

100.9
105.6
108.2
107.4
97.8
90.8
85.4
83.0
85.4
88.9
89.2
94.2
94. 7

100. 2
102.0
102.7

100.4
98. 2
95.4
94.0
94.0
94.5
95.8
97.2

Old series
Indicated after
decre­ decre­
ment = ment
-0.0973 adjust­
ment
1.265
1.362
1.460
1. 557
1.654
1.751
1.849
1.946
2. 043
2.141
2.238
. 335

100.1 2
97.9

98.9
100.6
101.2
98.8
96.5
93.6
92.2
92.1
92.5
93.7
95.0
97.8
96.1

Since the foregoing adjustments throw the series for the subsequent
2 years out of line, it is necessary to reestablish the relationship by
working preliminary adjustments for the succeeding 24 months before
proceeding with the next biennial census adjustment. This was done
by dividing the new index for the same month by the original Decem­
ber 1925 index, thereby obtaining a multiplying factor which can be
applied to each monthly index for the years 1926 and 1927, raising
(or lowering) the monthly relatives to the level shown after adjust­
ment to the 1925 census. In the case of the blast furnaces, steel works,
and rolling mills industry the ratio for December 1925 between the
relative arrived at by the process of adjustment (97.8) and the former




CHAP. 3.----REVISION TO CONFORM WITH CENSUS

15

relative (100.1) was 0.977022. Applying this correcting factor to the
original 1926 and 1927 series the new index numbers for 1926 and
1927 are shown as follows:
T able 5.— Original and revised series of index numbers for

the blast furnaces, steel
works, and rolling mills industry , 1926 and 1927

Month
January________ _______________________ _ ____
February ______
______
March__ _________
____ _
April _ _____ _ _
___ _
May__________ _ - ________ _________
June.. ______________
_ ___
___
July_________________________________ _____
August
____ September. ________
_____ _
___
October___________ __ ________
______
November___ _ ____ _
December____ _____________ ______ _ __
Average__ _________ _
__

(1)
1926 old
series

102.0
101.0
100.5
101. 7
102.3
99.3
97.8
98.8
100. 3
99.1
96.7

100.2
100.0

(3)
1926 revised
series
(1)X0.977022
98.2
99.7
99.4
99.9
98.7
97.0
95.6
96.5
98. 0
97.9
96.8
94.5
97.7

(3)
1927 old
series
95.0
96.4
97.7
97. 3
96.4
94.3
92.3
91. 2
90. 6
89. 5
87.8
86.5
92.9

(4)
1927 revised
series
(3)X0.977022
92.8
94. 2
95.5
95.1
94. 2
92.1
90. 2
89.1
.5
87.4
85.8
84.5
90.8

88

This series was then ready for the next biennial census adjustment.
The same procedure was followed in adjusting the pay-roll indexes to
the census trend. Unusual characteristics in some industries neces­
sitated special handling.
Revision of Group Indexes
As previously indicated, the distribution of the 90 separate indus­
tries covered by the Bureau’s factory employment surveys within
the 14 major industry groups is not strictly proportionate to their
relative importance to manufacturing as a whole. Except for the
nonferrous-metals group from 1919 to 1930, it is believed that the
coverage in each industrial group is fairly representative. The employ­
ment and pay-roll indexes for each group were, therefore, adjusted to
the total wage earners and pay rolls in the group as shown in the
respective census classification. The reason for adjusting each group
to the trend shown by the census prior to the combination of all
groups into a total index is that the missing industries, i.e., those not
currently reported to the Bureau, are more likely to show employment
fluctuations similar to those industries in the same group, using
similar materials, than in all manufacturing industries. This is a
refinement over the previous method, in which it was assumed that
the trend in the missing industries was the same as in the reported
industries combined.
After establishing weights for each industry, group indexes were
computed for each group by multiplying the adjusted industry indexes
by their respective weights (used as percentages), and dividing the
sum of these products by the total weight of the industries surveyed
in the group. This method of computing preliminary group indexes
was used in all but two instances. Due to the highly seasonal char­
acter of the canning and preserving industry in the food group and the




16

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

fertilizer and cottonseed oil industries in the chemical group, the
methop of computing group indexes for these groups differed slightly
and will be described in detail later.
The recent reinforcement of the factory employment surveys by the
addition of industries not previously covered introduced complications
that required special treatment in adjusting the group indexes to the
census trend. For this reason, in explaining the procedure followed,
the 14 industry groups are divided into the following three classi­
fications:
Class I. Groups not increased.
Class II. Groups increased in 1931.
Class III. Groups increased as of 1929 and again in 1931.

Only four groups are included in class I: railroad repair shops,
tobacco manufactures, paper and printing, and leather and its manu­
factures. The Bureau’s railroad-repair-shop group covers the same
number of industries as are covered in the census classification, and
the Bureau’s tobacco group is comprised of two industries which the
census reports list under “ miscellaneous industries.” The paper-andprinting and the leather-manufacture groups cover the major indus­
tries included in the corresponding census groups and therefore were
not increased. For these groups the method of adjustment was
identical with that used for separate industries.
Class II includes the following eight major groups and two sub­
groups:
Iron and steel and their products/
Transportation equipment.
Nonferrous metals.
Lumber and allied products.
Stone, clay, and glass products.

Textiles and their products.
Fabrics.
Wearing apparel.
Food and kindred products.
Rubber products.

The original number of industries surveyed in each of these groups
was used as a basis for computing the group indexes through January
1931, when the additional industries were added. Group indexes
were also computed for January 1931, based on the expanded groups.
The overlap in the original and expanded groups in January 1931
enabled the Bureau to make the necessary adjustment in shifting to
the enlarged group. These group indexes were then adjusted to the
census trends for the entire census grouping.
For the iron and steel group, indexes based on the six original
industries surveyed were used for the adjustment to the census data
through January 1931. The adjustment to this point was identical
with that used for separate industries. Commencing with January
1931 indexes based on the expanded series of 13 industries were used.
With the overlap for January 1931 available, it was possible to shift
to the broader group by determining the relationship between the old
index for the group and the new. For the six original industries in
the group the employment index for December 1930 was 76.2, and
for January 1931 it was 73.8. For the 13 industries the index for
January 1931 stood at 73.3. By proportion, a theoretical index for
December 1930 on the enlarged series was obtained. This index was
75.7, a difference of 0.5 percent less than the December 1930 group
index based on the old series of six industries. By using an appro­
priate decrement this difference was spread through 1930. The
3 Does not include machinery.




CHAP. 3.----REVISION TO CONFORM WITH CENSUS

17

revised series of group indexes for 1930 were then accepted as com­
parable with the 1931 series and the 1929-31 census adjustments
were accordingly made.

Similar adjustments were made for the textiles, transportationequipment, lumber, rubber, and stone, clay, and glass groups. In
computing indexes for the textile group, adjustments were made for
the fabric and wearing apparel subgroup indexes to conform with
the census trend, and these subgroup indexes were used to construct
weighted indexes for the major textile group.
On the other hand, a somewhat different procedure was adopted for
the food-products group. Previously the canning and preserving
industry had not been included in the food-group classification,
partly because of its highly seasonal character and partly because a
large number of the wage earners in the industry are casual workers,
employed only at the peak season. In order to harmonize with the
census data, this industry had been included in the revised indexes
for the food group. It was found, however, that the trend of the
combined industries surveyed in the Bureau’s group, excluding
canning and preserving, was more indicative of the trend of the
industries not surveyed in the group than was the group including
canning. Thus, to prevent the canning and preserving industry from
unduly influencing the monthly trend of employment and pay rolls
for the food group as a whole, a special group index was constructed
in which the canning and preserving industry was omitted. This
special group index was then adjusted to the census totals for all
food industries except canning and preserving. The group index
thus obtained was then multiplied by the food-group weighting factor
(total number of wage earners, or amount of weekly pay rolls, exclusive
of canning and preserving), thereby securing a preliminary food-group
aggregate. The aggregates for the canning and preserving industry
obtained by multiplying the industry index by its weighting factor
were then added to the computed food-group aggregates and the sum
of these two totals was divided by the total weight of all food indus­
tries, including canning and preserving, thereby arriving at the final
food-group index.

Special handling was also required for the nonferrous-metals group.
Until 1931 only the brass, bronze, and copper products industry, and
the stamped and enameled ware industry were canvassed. As the
monthly trend of employment and pay rolls in these two industries
is not indicative of the trend of the nonferrous-metals group as a whole,
no monthly group indexes are presented for this group for the period
from 1923 to 1931 (table 8). In computing the general indexes for
all manufacturing employment and pay rolls over the period 1923-30,
the nonferrous-metals group was given a weight equal to the total
employees and weekly wages in the brass, bronze, and copper prod­
ucts and the stamped and enameled ware industries, plus the combined
weights of the smelting and refining and the sheet-metal-work
industries, which are closely related. In January 1931, six additional
industries were added to the nonferrous group, and since then the
group indexes have been computed on the basis of returns from eight
industries and the group is given its full weight in computing the com­
posite index numbers. The increment adj ustment of the group index
began in January 1931. The remainder of the adjustments were




18

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

made as usual. The yearly averages shown in table 8 for the years
prior to 1931 are based on census figures for the group.
Two groups—chemical and machinery—fall in class III. Both of
these groups were increased by the addition of more industries, not
only in 1931, but also in 1929. The expansion of these groups as of
1929, however, was not made until recently, and is essentially part of
the present revision, but as a result of this difference, an additional
step was necessary in handling these groups.
The chemicals group is a combination of the chemical and petroleum
groups as classified by the census. As in the case of the food group,
a special index was constructed for this group by eliminating the
fertilizer and cottonseed oil industries, due to their highly seasonal
characteristics, and then adding them after the group index was
adjusted to all other industries in the group. From 1923 through
January 1929, this special group index was computed by using the
combined total of weights for the chemical and rayon industries,
together with the druggists’ preparations, explosives, and petroleum­
refining industries which were used as weighting factor in constructing
the group indexes. Beginning with January 1929, the individual
indexes for the chemicals and rayon industries, each with its own
weight, were used in the construction of the group indexes. The
chemicals group was further increased in 1931 to include the paint and
varnish and the soap industries. This expansion and the adjustment
to the group indexes were accomplished in the same manner as is
described for the iron and steel group in class II. Indexes for the
chemicals group less the petroleum-refining industry were also
computed.
Indexes for the machinery group were constructed in much the
same way as the chemicals group indexes, using the combined weight
of the electrical machinery and radio industry through January 1929,
and then presenting these two industries ^separately. The radio
industry, formerly classified with the electrical machinery industry,
is now combined with the phonograph industry. As a result of this
change the weights for the phonograph industry have been added to
the radio weights. In adjusting the group indexes to all industries
in the group, as shown by the census, it was also necessary to add the
total reported for the phonograph industry to the machinery group
to give the group its full weight. This was automatically taken care
of in 1931 when the Census of Manufactures for that year set up the
separate classification of “Radios and phonographs.” To make the
group indexes comparable over the whole period after the adjustments
were made to census data, aggregates for the phonograph industry
were added to the group aggregates from 1923 through 1928, and
these totals were divided by the combined weight.4
Revision of Composite Index
After the adjustment of each group index, a preliminary general
index was constructed by multiplying each group index by its group
weight (total number of wage earners, or weekly earnings in the group
as shown by the Census of Manufactures), except for the food, chem­
icals, and nonferrous-metals groups. In constructing the preliminary
general index, the food-group weight does not include canning and
* Indexes for the phonograph industry were computed from figures supplied by the Federal Reserve
Board and then adjusted to census data.




CHAP. 3.— REVISION TO CONFORM WITH CENSUS

19

preserving, the cottonseed oil and fertilizer industries are omitted
from the chemicals-group weight, and the nonferrous-metals group,
until its expansion in 1931, had the weight of only four industries.
The combined sum of the group aggregates, with the exceptions
cited, obtained by the multiplying process was divided by the total
of the weighting factors assigned to the respective groups and the
composite index was obtained.
The “preliminary ” general index was adjusted to conform to the
trend shown in the total of all manufacturing industries covered in
the Census of Manufactures, with the exception of manufactured gas,
which is included in the Bureau’s power and light group; motion
pictures, which the census eliminated from manufacturing in 1931;
and the canning and preserving, cottonseed oil, and fertilizer indus­
tries, which because of their seasonal character require special
handling. The aggregates for these last three industries, obtained by
multiplying the index number by the weighting factor, were added
to the “preliminary ” general industry aggregates, and the sum of the
aggregates was divided by the combined total of the weighting factors
plus the weights of the canning and preserving, cottonseed-oil, and
fertilizer industries to arrive at the final composite index.




Chapter 4.—Results of Revision

With the inclusion of 32 additional industries and the adjustment
of the indexes to conform to the biennial Census of Manufactures
trends, together with a broader base period and the adoption of group
weights instead of industry weights in arriving at a composite index,
it is believed that the indexes of factory employment and pay rolls
are now broadly representative of manufacturing as a whole.
The results of the revision are shown by figure 3 (see also table 6).
Since special care was taken to preserve the monthly fluctuations
established by the former series, the revised indexes show no startling
variations from the familiar pattern. Both curves start by reflecting
the industrial unrest and uncertainty that characterized the months
immediately following the termination of the war. Toward the middle
of 1919 both curves, in response to the post-war boom, were featured
by the vigorous rise that culminated m 1920 with the high-water
mark for both factory employment and earnings. From this peak
they slump abruptly as a result of the depression of 1921, but the
recovery that followed was almost as rapid and by early 1923 both
indexes were again above the 100 mark. Another dip is shown for the
short-lived and relatively mild depression of 1924. Throughout most
of the so-called “ prosperity era ”, both earnings and payrolls fluctuated
within a narrow range, and, in spite of the sharp increase in the physi­
cal volume of production, it was not until 1929 that the indexes showed
any pronounced upward movement. From late 1929 until early in
1933 the trend was almost steadily downward. The direction of
movements was revealed by the former series, and the difference in
the revised indexes is that they measure more precisely the extent
of the changes in employment and earnings as shown by census
statistics.
One interesting feature shown by figure 3 is the fact that earnings
have fluctuated much more widely than employment. This is true
for both the depressions of 1921 and 1924 and is notably true of the
depression of the thirties. On the other hand, in prosperous times,
as in 1920 and 1929, earnings tend to outstrip the upsurge of the
employment curve.
20




Trend Of Employment $ PayRolls in Manufacturing Industries 1919-1933
CHART

3 y e a r average 1^23 1^2^ -100

Index
Numbers

Index
Numbers

130

-

140
-130

f m e fnitf

120

-120

110-

-110

/1
/
J r-/

100-

90
80
70

-

-100

- 90

)
JLV

60-

50

-

80
70

-

60

-

-

r o iU s /

30

-5 0
40
30

20 -

-

20

-

CHAP. 4. ---- RESULTS OF REVISION

m-

10

-

4o-

100-




-

!!

111111 11 m i l i u m
1

tm iiim i

m in im i

im im m

mumm

im im m

im im m

m iliu m

iiim im i

iniiiiim

111111111.11 l l l l l l l l l l l .

llLii.1.11IJ1. 1 1 1 LLLii l l l l l l l l l l l .
111

m in im i

1919 1920 1921 1922 1923 1924 192) 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935

-J2 Industries ^ 5 3 Industries^*---------------------------- 60 Industries------------------------------4 <~62 Industrie?-*4— ------------------Industries -------------------------- H

- 0

Jack 3randt.Jr.

to

22

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T a b l e 6 .— General indexes of em ploym en t an d p a y rolls in m anu factu ring in d u stries ,

by m onths, J a n u a ry 1919 to Decem ber 1933
[3-year average, 1923-25 = 1001

Month and year

Employment
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Aver­
age

102.4 102.5
102.0 116.0 114.5 103.10 111.1 106.9 109.7 107.5 103.7 112.6 114.4 108.2
112. 104.3 108.5 108.8 111.7 111.3 97.4 89.7 107.2
113.7
83.2 82.1 81.9 81.0 79.8 81.2 83.4 84.1 84.2 83.3 82.3
82.6
84.6 85.9 85.8 87.9 89.8 88.2 91.4 94.5 97.0 99.0 100.5 90.6
102.5 104.6 105.0 105.3 106.0 104.9 105.2 105.7 104.5 103.2 101.4 104.1
100.2 101.5 101.7 99.9 98.1 98.0 91.0 99.5 101.5 102.2 101.8 101.5 99.4
92.1 94.4 95.3 94.8 96.1 96.5
96.8 93.8
98.1 98.8 98.7
97.8
101.5 102.1 101.4 100.4 100.3 99.4 101.4 103.4 103.1 101.4 100.0 101.2
99.7 100.2 99.6 99.1 99.1 98.1 99.3 100.5 99.6 97.4 96.1 98.9
98.9
96.5 97.6 97.1 97.0 97.8 97.7
100.8 102.9 104.1 105.3 105.3 105.6 106.1 100.1 102.2 102.6 101.7 101.2 104.8
107.9 109.0 107.7 103.6 99.8
97.4 96.9 96.3 94.8 92.9 89.5 88.8 89.6 87.7 84.6 82.3 91.5
80.3 80.7 80.7 80.1 78.4 77.0 77.1 77.4 74.4 71.8 71. 0 77.4
69.5 68.4 66.1 63.4 61.2 58.9 60.1 63.3 64.4 63.4 62.1 64.1
61.1 58.8 59.9 62.6 66.9 71.5 76.4 80.0 79.6 76.2 74.4 69.0

1919_______________ 105.3
1920_______________ 114.9
1921_______________ 81.0
1922__ _________ 82. 5
1923_______________ 100.7
1924_______________
1925_______________ 96.3
1926_______________ 100.5
1927_______________ 98.2
1928_______________ 95.0
1929_______________
1930______________ 97.3
1931_............................ 79.6
19321______________ 68.7
19331______________ 60.2

Pay rolls
1919_______________
1920_______________
1921_______________
1922_______________
1923_______________
1924_______________
1925_______________
1926_______________
1927_______________
1928_______________
1929_______________
1930_______________
1931_______________
19321______________
19331______________

95.3
117.2
82.8
69.6
94.6
98.8
95.4
100.9
98.4
96.0
102.3
95.9
70.0
53.5
39.5

89.6
115.5
81.3
72.4
97.9
104.1
105.0
104.4
109.3
98.8
74.3
54.6
40.2

90.0
123.7
81.7
74.9
102.5
104.1
102.4
106.5
105.7
102.5
98.8
75.6
53.1
37.1

89.2
120.9
79.0
73.8
103.8

100.0
100.8 101.8
104.4
101.2 111.6 104.56
100.5
112.
97.7
74.4
49.5
38.8

90.0
122.4
77.3
77.2
107.3
97.5
100.7
103.1
104.0
101.3
112.9
95.4
73.4
46.8
42. 7

92.0
124.2
75.4
80.5
107.5
92.4
98.7
103.3
102.4
101.7
92.3
69.7
43.4
47.2

111.2

94.8
119.3
71.7
78.5
103.3
85. 7
96.8
99.0
98.5
99.0
107. 2
84.3
.2
39.8
50.8

66

99.9 104.7
121.6 119.8 102.2 106.7 114.0
115.8 107.0 98.0
73.9 73.4 72.6 71.7 73.3

83.0
103.8
89.3
99.3
103.4
101.9
103.3
83.3
65.9
40.6
56.8

112.0

i Data subject to revision when census figures for 1933 become available.

87.0
104.3
92.5
98.8
104.4
101.4
104.7
112.9
84.1
63.4
42.9
59.1

89.5
106.6
95.1
104.6
107.6
108.2
112.4
82.2
61.3
44.7
59.4

102.1

93.4
104.5
93.7
104.6
104.1
98.5
105.0
104.1
76.8
58.1
42.9
55.5

95.7
102.9
97.6
105.2
103.5
99.5
105.6
100. 7
75.2
57. 6
41.5
54.5

97.4
117.1
76.2
81.3
103.3
96.1
103.8
102.4
109.1
88.7
67.5
46.1
48.5

100.6
101.8

Estimates of Total Employment and Pay Rolls Now Feasible
An outstanding improvement in the revised indexes is that they
have been adjusted to reflect changes in the number of workers and
average weekly pay rolls in such a way that it is entirely possible to
make substantially accurate monthly estimates of the total number of
wage earners employed and their weekly pay rolls for each of the
industries covered, as well as for manufacturing as a whole, subject to
subsequent revisions, as later census data become available.
Table 7 gives monthly estimates of the total number of wage earners
and their average weekly pay rolls in all manufacturing industries
from 1919 to 1933. Details by industry groups are given in table 9.




T able

7.— E stim ated num ber em ployed and weekly p a y rolls in all m anufacturing in d u stries, by m onths , J a n u a ry 1919 to Decem ber 1933
Month

1919

8
8
8
8
8

8,825.8
, 547. 2
, 582.1
, 589. 2
, 644.4
, 744. 0
8,962. 8
9,193. 3
9,366.1
9,327. 0
9, 435. 8
9, 589. 0
8,983. 9

1920
9,632. 4
9,533. 9
9, 721. 6
9,596.1
9, 391.3
9, 314. 4
9,097. 0
9,118.1
9,010. 6
,688.8
8,161. 2
7, 522.1
9,065.6

8

1921

6, 791. 22
6,925.
6,973. 4
6,879. 3
6,866. 42
6,790.

6,687. 8
6,803. 4
6,986. 7
7,047. 6
7,061. 6
6,984. 0
6,899. 7

1922

1923

1924

6,916.1
7, 089. 6
7, 203. 0
7,195.1
7, 364. 9
7, 526.4
7, 389. 4
7,657. 2
7,919.1
8,134. 0
, 296. 8
8,420. 4
7, 592. 7

8 595.
8, 446. 3
8,, 764. 346
8,801.
8,827.1
8,883.
8, 796. 365
8,819.
8,852. 5
8, 758.7
8,655.1
8, 498. 4
8, 724. 9

8 500.
8,397. 7
8,,, 376. 407
8 517.
8,107. 5

8

7,865. 3
7, 623.1
7, 721. 5
7,914. 0
7,982. 9
7,944. 6
8,054.1
8,083. 7

1925
8,074.
8,, 285. 804
8 219.
8,, 279. 87
8 209.
220.
8200.
8,,, 340. 066
8, 504. 7
8567.
8
8,,, 503. 497
8 532.
8, 328. 2

1926

1927

1928

8 505.
8, 427. 9
8,,, 494. 349
558.
8, 413. 4
8 9
8,410.
8 327.1
8,,, 661. 34
8, 491. 7
8 494.
8 644.
8,, 382. 64

8356.
228.
8, 400. 9
8,,, 349. 672
8, 301. 6
8 298.
8 224.
8,,, 319. 825
8, 421. 0
8
8, 342. 3
8,164. 6
8, 053. 8
8, 288. 4

7,959. 3
8,095. 3
8,177. 3
8,135. 2
8,129. 7
8,192. 4
8,185. 9
, 390. 4
, 567. 4
, 596. 4
, 520.1
, 479. 8
, 285. 8

8,484. 4

8
8
8
8
8
8

1929

1930

1931

8 8,150.1
8,449. 7 8,158.
8,, 626.15 8, 073. 647
726. 8,116.
8,827.0
7,942.
8, 827. 35 7, 782. 66
8,846.
8,886. 97 7, 443. 94
503.
9,041. 7,
9,134. 9 7, 514. 5
9, 024. 7,350.
8 676. 9 7,091. 3
8,, 359. 45 6,893. 46
8, 785. 6 7, 668. 4

6,669.
6 726.12
6,,, 767. 96
6, 761. 8
6709.
6571.
6,,, 461. 772
6 458.
6,482. 6
6 241.
6,, 018. 52
5, 943. 0

$194, 966
200,902
200,953
198, 695
194, 212
187, 779
171, 584
169, 508
171, 004
167, 213
156,173
153, 099
180, 507

$142,333
151,120
153,800
151, 373
149, 206
141,683
134, 672
134,075
128,824
124, 738
118,151
117,094
137, 256

19321

19331

5,753.8
5,827.1
5, 732. 5
5, 540. 9
5,317. 4
5,133. 8
4, 937. 2
5,034.1
5, 302. 8
5, 397. 5
5, 313. 9
5,199. 7
6,484. 3 5, 374. 2

5,041. 5
5,123.1
4,924. 4
5,018. 6
5, 243. 5
5, 604. 2
5,990. 5
6,402. 7
, 701. 9
, 671. 5
6,384. 7
6,234. 2
5, 778. 4

$108,825
111,040
107, 943
100, 641
95, 233
88,188
81, 074
82, 520
87,156
90,908
87, 075
84, 479
93, 757

$80, 259
81,821
75, 432
78,972
86,962
96,041
103, 269
115, 583
120, 304
120,930
112,940
110,965
98, 623

6
6

Pay rolls (expressed in thousands)
January_________________________ $193,838
February________________________ 182, 233
March_____________________ *____ 183, 203
April____________________________ 181, 588
May____________________________ 183,112
187, 238
June____ __________________
July_____________________________ 192,926
August---------------------------------------- 203,363
September_____________________ 213, 088
October____________ ____________ 207,979
November_______ __ _ _________ 217,170
December________ _______ ____ _ 231,997
Average_______ ____
198,145
1

$238,421
235,005
251, 713
246,050
249,125
252,666
242,800
247, 366
243, 782
235,612
217, 677
199, 379
238,300

$168,482
165,482
166,152
160, 662
157, 276
153,515
145, 804
150,442
149,409
147,794
145, 884
149,194
155, 008

$141,677
147,332
152,364
150,161
157,108
163, 706
159, 725
168,837
177, 033
182,140
190,078
194, 713
165, 406

$192,446
199, 290
208, 575
, 288
218, 274
218, 723
210,165
211,146
212,185
216, 799
212, 524
209, 364
210, 065

211

211

$200,875
, 626
211, 709
207, 071
198, 428
187,914
174,419
181, 745
188, 097
193, 491
190, 504
198, 632
195, 376

$194,138
204,908
208, 395
203, 387
204, 790
200,850
196,898
202, 092
200, 944
212, 790
212, 787
214,000
204, 665

$205,312
213,657
216, 642
212, 396
209, 653
, 111
201, 342
210, 213
, 226
218, 928
211, 770
210,487
211,061

$200,037
212, 324
215,055
212, 438
211, 631
208, 332
, 218
207,129
206, 308
207, 675
200, 285
202, 325
2C6,980

$195,157
205,888
208, 451
204, 513
206,166
206, 902
201, 496
210, 007
, 861
220,155
213, 619
214, 793
208, 334

210 200
212
212

$208,062
222, 308
226, 915
229, 213
229, 611
226, 251
218, 077
227, 830
229, 536
228, 669
211, 923
204,851
221,937

CHAP. 4.— RESULTS OP REVISION

January_________________________
February________________________
March____ ___________ _______
April____________________________
May____________________________
June____________________________
July-------------------------------------------August__________________________
September_____ ____ ________ ____
October_______________ _______
November_______________________
December_______________________
Average__________ ______

Employment (expressed in thousands)

Data subject to revision when census figures for 1933 become available.




to

CO

24

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Shift of Base Period

In comparing the revised indexes with the old series, it should be
noted that the base period has been changed from the 12-month
average for 1926 to the 36-month average for 1923-25. This broader
base, as previously stated, was selected partly because the broad
base minimizes any unusual conditions which affect the relative
position of any industry on a single-year base and partly because
this change makes the Bureau’s indexes comparable with other cur­
rent barometers of industrial activity which were already established
on the 1923-25 base. The change of base, however, is to be regarded
as temporary. It will be used only until a much more recent common
base can be selected by the various governmental agencies concerned.
Technical Difficulties Encountered
In presenting the industries by groups in the accompanying tabu­
lations of index numbers (table 8) and estimated totals of employ­
ment and weekly pay rolls (table 9), the groups representing the
durable-goods industries are given first, and the nondurable-goods
industries follow. The Bureau’s classification of “durable goods”
industries is composed of the iron and steel, machinery, nonferrous
metals, transportation equipment, railroad repair shops, lumber, and
stone-clay-glass groups. The remaining groups are classified as
“nondurable goods.”
Before turning to the detailed statistics, however, several technical
difficulties in the development of the revisions should be pointed out.
Most of these difficulties were the outgrowth of changes in classifica­
tion of certain of the industries, but some resulted from the recent
addition of industries which were not formerly covered by the
employment surveys.

The industries listed below have been covered in the monthly
employment survey from 1923 to date and are similar to the corre­
sponding census classifications or combinations of census classifica­
tions. These industries, therefore, were readily adjusted to the
biennial census trends.
Blast furnaces, steel works, and rolling
mills.
Cast-iron pipe.
Hardware.
Stoves.
Agricultural implements.
Automobiles.
Shipbuilding.
Brass, bronze^ and copper products.
Stamped and enameled ware.
Furniture.
Lumber, mill work.
Lumber, sawmills.
Brick, tile, and terra cotta.
Glass.
Pottery.
Carpets and rugs.
Cotton goods.
Dyeing and finishing textiles.
Knit goods.
Silk and rayon goods.




Woolen and worsted goods.
Clothing, men’s.
Clothing, women’s.
Millinery.
Shirts and collars.
Boots and shoes.
Leather.
Baking.
Flour.
Slaughtering and meat packing.
Chewing and smoking tobacco and
snuff.
Cigars and cigarettes.
Boxes, paper.
Paper and pulp.
Printing, book and job.
Printing, newspapers and periodicals.
Fertilizers.
Petroleum refining.
Rubber tires and inner tubes.

CHAP. 4.— RESULTS OE REVISION

25

On the other hand, statistics for the steam and hot-water heating
apparatus and steam fittings, structural and ornamental metal work,
machine tools, cement, confectionery, ice cream, cane-sugar refining,
and rubber boots and shoes industries were missing for the early
months of 1923. For these industries, index numbers were con­
structed for the missing months based on census figures which were
available by months for that year. These indexes were then linked
with the Bureau’s index to make the year complete. Pay-roll figures
by months were not available from the census records and the employ­
ment trend was used to estimate pay-roll indexes for the missing
months of 1923.
When the Bureau expanded its general manufacturing index in
1931 to include 89 industries instead of the 54 previously used, four
of the old industries were composite industries composed of 10
distinct census classifications. These four composite industries were
broken down into smaller census classifications in 1931, when the
additions were made. At that time the separation was carried
back only to 1926, the old base year, but in present revisions the
break-down of these industries has been extended back to 1923.
The former composite industries, together with industries into which
they are now separated are given below:
Old industries

Foundry and machine-shop products

Chemicals
Car building and repairing, steam LI
Car building and repairing, electric

New industries

Foundry and machine-shop products.
Textile machinery.
Engines, waterwheels, etc.
Locomotives.
Chemicals.
Druggists’ preparations.
Explosives.
Car building, electric and steam.
Electric-railroad repair shops.
Steam-railroad repair shops.

All of the foregoing industries were adjusted to the census data by
much the same method as that previously explained in detail for the
blast furnaces, steel works, and rolling mills industry.2 The Bureau
had no indexes for the electric-car repairing industry for the early
months of 1923 and the indexes for the missing months were com­
puted by means of the monthly census figures for that year.
In 1929 three industries were added to the monthly employment
survey. These were the canning and preserving, radio, and rayon
industries. The canning and preserving industry had previously
been treated as a separate industry in the nonmanufacturing group,
but under the present classification it is included with the food-group
industries. Although several establishments manufacturing rayon
and radios were reporting to the Bureau prior to 1929, these industries
were not separately classified until that time. Prior to 1929 com­
panies manufacturing these products and reporting to the Bureau
were grouped with other industries—the radio manufacturers with
1Indexes for steam and electric comparisons represent as the census
2In five instances, overlapping railroads nowwere made,repairing only. figures were not comparable over
the entire period. In millinery, for example, 1925 was compared with 1927 on one.set of census figures

and 1927 with 1929 on another. This was due to a break-down made by the census in 1929 and for which
comparisons were made only with the previous biennial Census of Manufactures. The foundry and
machine-shop products, machine tools, chemical, and furniture industries were also handled in a similar
manner.




26

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

the electrical-machinery industry and the rayon manufacturers with
the chemical industry.3
The indexes of employment and pay rolls computed for the 29
industries listed below, beginning with January 1931 to December
1933, have been adjusted to the 1931 census level.
Bolts, nuts, washers, and rivets.
Cutlery (not including silver and plated
cutlery) and edge tools.
Forgings, iron and steel.
Plumbers’ supplies.
Tin cans and other tinware.
Tools (not including edge tools, ma­
chine tools, files, and saws).
Wire work.
Cash registers, adding machines, and
calculating machines.
Typewriters and parts.
Aircraft.
Aluminum manufactures.
Clocks, watches, and time-recording
devices.
Jewelry.
Lighting equipment.

3

Silver and plated ware.
Smelting and refining— copper, lead,
and zinc.
Turpentine and rosin.
Marble, granite, slate, and other
products.
Cotton small wares.
Hats, fur-felt.
Corsets and allied garments.
Men’s furnisnings.
Beverages.
Butter.
Sugar, beet.
Cottonseed— oil, cake, and meal.
Paints and varnishes.
Soap.
Rubber goods, other than boots, shoes,
tires, and inner tubes.

In conjunction with the reclassification of the radio industry, indexes were reworked because data for
the first few months of 1929 were not available and also because in 1931 the census combined the radio and
phonograph industries. From data available in the Bureau for a number of firms making radios and
phonographs (as distinguished from firms making radios only), combined with data supplied by the
Federal Reserve Board for other firms making the same products, it was possible to construct new indexes
for the industry, commencing with January 1929. These indexes were then adjusted to harmonize with
the census data.




27

CHAP. 4.----RESULTS OF REVISION
T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933

[3-year average 1923-25=100]
Iron and steel and their products, not including machinery

Month and year

Blast furnaces, Bolts, nuts,
Group index steel works, and washers, and
rolling mills
rivets
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

103.9 103. 2
97.0 96.7
99.1 100.1
102. 5 105.0
97.2 98.6
96. 6 100.4
102.6
107.8
89. 2 85. 7
69.7 55.0
53.3 29.1
58.6 36.2

104. 5 104. 5 112.5
97.1 96.5 89.5
98.4 99.0 98.0
101.0
103.0
95.7 96.7 96.0
96. 2 100. 6
103.2 109.6 114.0
90.3 87.7
68.4 53.6 74.2
51.5 24.8 60.8
58.5 35.4 71.0

111.5
89.5
99.0
95.6

96.0
101.6
102.4

92.4
87.8
80.4
71.5
45.5
39.2

94.6
101.7
103.7
110.5
98.2
85.3
85.2
75.3
55.1
24.2
19.7

99.6
102.4
98.0
94.6
89.5
74.2
67.6
65.1

98.8 93.2
101.2
98.1
103.4 101.3
103.8 99. 7
105.1 109.2
107.4 110.9
104.5 98. 2
106.8 105. 8
106. 2 104.6
105. 7 109. 5
103. 7 106. 2
100.2
102. 2

98.8
101.7
103.4
103.7
105.8
108.5
105.3
107. 9
107.0
106. 7
104. 6
100. 6

87.0
89.3
92.1
93.9
95.0
98.9

78.3
80.6
87.3
95.1
96.2
102. 5

Em­
ploy­
ment
1923_______________
1924_______________
1925_______________
1926
1927_______________
1928
1929_______________
1930
1931_______________
1932 i______________
1933 i______________
1923

Pay
rolls

Em­
ploy­
ment

Cutlery (not
including silver
Cast-iron pipe and plated cut­
lery) and edge
tools

Pay
rolls

93. 5
98.9
101.4
98.8
111.8
113.4
97.8
108. 7
106.1
111. 5
108. 4
103.1

122.0

56.2
33.8
42.1

110.1
101.8

April
May _ _
June
101.1
July
100.2
August
98.2
September
October
98.9
November
98.8
98.2
December
1924
103.4 104.5
101.2
99. 6
January
100.8
102.4
February
105. 5 111. 2 108. 3 115. 2
M arch
103.8
107. 3 113.4 110.8 117. 6
105.4
106.8 110.8 110. 0 114. 2
April-_
105.7
99.9 101.9 100. 2 102. 2
M ay_
103.6
94.7 88.8 93.1 84.6
June
102.4
89.0 77.6 87.4 73. 2
July
August
103.0
84.1 84. 9 80. 9
88. 2
99.4
90.4 87. 2 87. 4 83. 6
September
101.2
October
93.0 93.0 91.1 90. 4
98.3
November
92.9 91. 7 91. 4 91. 0
94.9
December
96.0 99.0 96.6 100. 4
1925
96.0
98.9 101. 7 101.3 105. 4
January
99. 2
February
101. 5 105. 2 103.0 106. 6
March
102. 3 105. 6 103. 6 106. 8
101.1
100.9
101.6
100.1
101.1
103. 6
April___
_____
102. 6
98.9 101.6 98. 8 101. 3
May
June _ __
101.8
97.2 96.4 95. 9 94. 3
103.0
July__ _
_ __ 95.4 90.5 94. 4 87.5
August
104.8
96.6 95.7 94. 3 92. 4
105.1
97.4 93.9 94.8 90. 6
September
105.4
October
99. 2 102.3 96. 0 98.1
103.8
November
___ 100.0 101.4 97. 2 97. 5
105.0
December
101. 7 105.8 100.1 103.9
1926
January____
104.3
102.4 100. 6 101. 6
101.1
February
106.9
103.3 106.4 102. 4 104. 9
108.7
March. ___ __ _ 103. 2 108.2 102. 2 106.8
110.3
April______ ________ 104.0 107.5 102. 9 106. 0
110.4
103.0 105.1 101. 8 103. 0
M ay____
112.2
June______________ 101.9 104.5 100. 2 102.1
116. 2
100. 7 98. 7 98. 9 96. 3
July
114.3
102.3 101.9 100.0 98. 4
August____ ______
114. 2
103.8 105. 2 101. 7 102. 7
September
111. 7
October___ _ _
103.9 109.7 101.8 107.4
108. 2
102. 7 106. 2 100. 7 104. 2
November
104.3
December__________ 99.9 104.1 98.6 102.6
»Data subject to revision when census figures for 1933 become available.




100.1
101.8

100.5
102. 6
98.1
91. 7
98.9
104.5
104.9
103. 5
105.4
104. 5
96.8
101. 3
110.0
103. 2
96.8
90. 0
94. 5
101. 4
102. 4
103. 2
104.8
105.0
103.5
107.4
103.8
110.3
107.8
100.6

106.3
110.5
112.1
113.0
113.3
114.4
115.9
109.7
111.8
110.4
108.4
99.9

97.9
100.3
93.7
87.5
60.4
46.8
42.8

101.8

28

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T a b l e 8 .—

Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933 — Continued

[3-year average 1923-25=100]
Iron and steel and their products, not including machinery—Continued

1927
January____________
February. ____
March______ _
April___ ________
M ay______ _____
June_____
____
July_______________
August__ _ __ .
September _ __ . ___
October ___ _____
November____ _ .
December.._ _ ...
1928
January_____
__
February . . . ____
March. __ _____
April... _
M ay_________ . .
June___________
July_______________
August _____ .
September. _
October. _ . . .
November _ . . .
December _ ... .
1929
January___ ..
February_________
March_______ _ _
April__ __ _______
M ay____ _ ____
June . _
July__ _. ____
A ugust.___ _
September _ __
October. _ _______
N ovember
December
1930
January____ _ __
February
March
_____
April
May
.. .
June
____
July
August
___
Sfipt.p.mhpir
October
N ovember
December
1931
January .. ..
February. _ . ---March. _____ _ _
April___ .
M ay... .. . . . .. .
June.. ----------- July.______________
August . ... --------September
October.. _ _
November _ ... _
December__________




Cutlery (not
including silver
Cast-iron pipe and plated cut­
lery) and edge
tools

Em­
ploy­
ment

Month and year

Blast furnaces, Bolts, nuts,
Group index steel works, and washers, and
rolling mills
rivets
Pay
rolls

Em­
ploy­
ment

Pay
rolls

97.4
99.4
100.4
99.9
98.6
96.1
96.2
96.5
95. 5
93.6
92.2

97.3
103.6
106.2
106.2
102.7
101. 6
91.9
96.9
95.2
95.6
92.5
93.0

96. 5
106.0
106. 9
101. 5
99. 7
89. 3
93.6
91.6
91. 9
90.0
90.7

.
105. 3
105. 9
108. 2
106. 4
104.8
102. 5
98.6
96. 0
94. 2
94.9

93.8
99.7
105.1
106.8
107. 6
103. 4
104.1
100. 9
96.1
90. 6
82. 8
87.6

90.9
94.2
95.8
96.0
96.6
96. 7
95.1
97.6
98. 3
99.0
99.9
99.4

89.4
101.4
99.9
102.4
100.1
94.4

106.1
106.0
104.2

90.7 89.8
94.1 100. 7
96.1 102. 7
96.3 100. 7
96.3 103.1
95.8 99. 5
95.1 94.0
96. 5 100. 3
97.1 99.1
97. 7 105. 5
99. 6 106. 6
99.6 104.8

92.0
89.6
93.1
94.2
97.3
97. 5
93.2
93.1
93. 5
91.8
87. 5
85.6

74. 7
83. 7
90.4
90. 5
93.4
86.4
85.4
83. 3
82. 7
85. 8
82.8
84.3

102.3
108.1
109. 7
112.0
113.1
111.4
105. 3
111.3
111. 3
110. 5
102.6
96.1
92.7
100.5
99.2
99.8
97.3
92.5
79.8
78. 6
76.3
76.4
69. 0
66. 6
62.0
66.4
68.6
67.7
63.7
57.0
52.4
50.8
45.5
44.2
41.4
40.8

100.4
.
.
103.8
105. 3
105. 7
105. 3
106. 5
105. 5
103.1
101. 8
96. 9
97. 7
99. 5
98. 6
98. 6
97. 9
94.1
89. 5
85. 6
83.1
81. 7
79. 7
77. 8
76.5
76.3
77.1
76.6
73.8
69.5
67.9
65.7
62.3
59.4
58.0
58.0

84. 5
79.7
84. 7
86.0
87.8
90.8
92.8
94. 3
94. 4
91.7
85. 6
81.5
77.4
78.9
82.4
84.9
85. 7
86. 5
83.9
82.3
81. 0
79.1
74.0
68. 7
67.3
71.1
73.4
76.3
77.1
75.4
74.4
73.1
69.8
67.7
66.4

75. 5
79. 4
78. 9
83. 2
84. 7
88. 4
92.4
94. 0
94. 1
90. 8
82. 3
79.1
68.4
74. 6
81.2
85. 0
85.9
83.1
77. 7
75.9
75. 5
72.3
64.2
59. 2
54.9
59.3
64.0
68.3
65.6
57.6
57.8
53.0
45.7
44.8
44.3
45.4

100.6

99.4

100.8
102.1

102.9
104.1
104.4
103. 5
105. 2
105.4
104. 2
101. 7
97.1
95.9
97. 5
96. 6
96. 3
95. 6
92. 3
88. 0
85.1
83. 4
82. 3
79. 9
77. 5
75.1
75.1
75.9
75.5
73.4
70.6
68.9
68.0
65.7
64.0
62.5
61.3

100.0

100.6
100.0

Em­
ploy­
ment
96.9
98. 5
.
99. 7
99. 0
98.9
95. 3
94.2
93.8
92.8
91.3
90.1

100 0

101 2
102 6

Pay
rolls

Em­
ploy­
ment

Pay
rolls

102 6
102.1

102.6

104.6
109. 7
112. 2
115.0
116.4
114. 5
107.8
114.1
112. 5
109.9
102. 7
95.3
95.0
104.5
103.5
104. 5
101.6
95.8
81. 6
79.2
76. 2
76.2
68.3
66.3
62.7
69.3
72.3
71.4
65.4
56.2
49.5
47.0
40.3
37.6
35.2
35.8

77.3
78.0
78.8
78.4
78.7
78.2
74.0
73.2
68.9
69.3
67.8
67.7

59.8
63.5
65.8
65.6
64.5
61.8
54.2
53.7
46.9
46.9
45.3
45.8

66.0

Em­
ploy­ Pay
ment rolls

76.1
76.7
77.4
78.5
74.9
73.7
72.4
71.4
72.4
72.7
72.6
71.8

65.0
65.4
65.4
64.8
60.0
59.6
55.6
52.5
57.4
56.6
54.6
68.1

29

CHAP. 4.----RESULTS OF REVISION

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Iron and steel and their products, not including machinery—Continued

Month and year

Blast furnaces, Bolts, nuts,
Group index steel works, and washers, and
rolling mills
rivets

Cutlery (not
including silver
Cast-iron pipe and plated cut­
lery) and edge
tools

Em­
ploy­
ment
19321
January------- -----February ---------March. __
April— --------M ay... ---- -- -June.
July ____ - _ - _
August----------------September. --------- .
October_____. .. ..
November--------- ...
December____ __ .
19331
January--------------February. ____ ._
March________ ____
April. _ . --------M ay... ---------------June______ .. . ..
July_______________
August...
---September _ ... .
October. _________
November _ _
December... _
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

59.4
59.6
58.5
56.5
54.3
52.4
49.4
48.7
49.8
51.1
51.1
49.3

36.3
37.1
35.5
32.3
30.7
27.2
23.4
23.5
24.8
27.2
26.4
24.6

57.6
57.8
56.8
55.1
53.0
50.6
47.6
46.4
47.3
48.8
49.0
.48.0

31.8
33.1
31.7
28.4
27.3
22.5
18.9
18.8
19.6
22.3

67.8
67.2
64.5
62.9
56.7
60.8
59.4
57.2
57.8
59.1
58.3
58.4

44.2
43.1
39.3
36.3
32.1
33.1
29.3
27.0
27.4
31.1
31.9
31.1

61.2
56.6
51.3
47.1
45.4
42.1
43.2
41.3
37.8
39.9
40.5
39.1

37.4
34.1
31.1
28.0
24.5
21.5
20.9
19.4
19.4
18.2
17.5
18.2

70.3
73.9
74.4
74.8
73.4
68.5
61.8
62.6
63.2
64.0
63.7
60.9

52.1
56.3
54.9
55.4
53.1
46.3
40.3
39.4
39.0
43.7
42.2
39.2

46.5
48.7
46.0
47.2
49.8
54.6
62.1
69.8
71.8
70.2
67.9
67.0

20.7

56.8
57.9
56.1
57.8
61.5
69.2
78.2
84.2
86.0
84.2
81.4
78.4

28.6
30.2
26.0
27.2
33.7
43.8
49.3
53.4
54.3
54.5
53.6
50.8

36.4
31.6
26.1
31.7
33.0
39.6
43.2
44.1
45.9
47.3
45.0
47.0

16.1
13.7
13.5
15.2
16.2
19.7
22.1
23.3
22.3
23.2
23.8
27.5

57.4
58.9
53.8
55.5
57.7
60.2
61.4
68.6
74.9
78.5
78.0
76.3

35.2
37.4
26.6
31.2
36.8
41.6
44.4
46.8
50.8
54.2
54.1
54.9

46.8
49.0
46.8
48.1
51.0
55.7
61.8
68.4
71.4
69.8
67.9

66.6

22.8

24.8
22.7
24.6
29.8
36.2
41.4
50.0
47.5
47.6
43.3
43.7

22.2
21.1

22.8
20.6
22.6

27.8
34.8
41.4
53.1
47.9
48.0
42.2
43.0

Data subject to revision when census figures for 1933 become available.

91911°—35-----3




Pay
rolls

Em­ Pay
ploy­ rolls
ment

30

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Iron and steel and their products, not including machinery—Continued
Month and year

Forgings, iron
and steel
Em­
ploy­
ment

Pay
rolls

1923_______________ 116.5
1924_______________ 97.4
1925_______________ 86.1
1926_______________
1927_______________ 65.5
1928_______________
1929_______________ 87.8
1930_______________
1931_______________ 41.9
1932 i______________ 35.8
1933 i______________ 40.8
1923
January. _________
February________
M arch.T_______ __
April____ ____ ____
M ay________ ... ..
June.. _ __________
July_______________
August_________ ...
September.. _____
O ctober.__________
November ______
December
1924
January.. _______ February ______
March
___
April ____ . . . .
M ay. _______ ___
June
. _____
Ju ly .. _ _________
August __________
September ______
October _ ______
_____
November
December
_____
1925
January
_____
February ____
March _ ______
A p r il...___________
May
. ______
June. _. .. ____
J u ly.. ____________
August
____
September. _ ______
October_________November_________
December
______
1926
January _ ____ . . .
February _ ___
March
_____
April
_______
TT
V ay
___
June
_ ___
July
. ______ _
August.
_ _ .

113.9
97.4
88.7
66.7
97.8
32.5
19.9
25.0

September
October
"N nyem ber
T

___

December----------------

Hardware
Em­
ploy­
ment
101.6

96.6

99.8
102. 9
101. 4
102. 0
99. 0
96. 0
89. 7
88.3
91.8
94. 4
95. 8
97.5
98.9
100. 5
101.3
101. 5
101.4
98.1
101. 4
102.3
103.9
104.8
105.8

101.6

Pay
rolls

89.9

89.5
100.0
110.5
94.6
87.2
48.0
27.6
31.1

Em­
ploy­
ment
97.7
.
99.3
92. 4
91.6
78. 3
67.1
46.5
49.5

101.7
98.0
100.3
105. 5
101.6
94.4
92. 4
69. 0
46.3
24.7
26.4

106.0 103.5
95.0 96.0
99.0 100.5
104. 2 105. 8
96.2 97.5
94. 0 93. 5
99.3 98.8
83.1 74. 3
69.4 53.4
57.3 35.0
68.7 43.9

99. 5
.
105. 0
104. 8
104.8
104. 6
103. 8
104. 2
103. 4
102. 0
98. 0
94.7

100. 3
102. 4
105. 9
105. 5
105. 5
105. 3
101. 5
96. 4
100. 6
102. 7
97. 2
97.0

107. 4
109.1
111. 6
110. 3
109. 5
109.1
100. 0
100. 3
103. 6
105. 0
105. 4
10L 0

.
105.
107.
104. 9
102. 4
94.3
83. 3
82.3
86. 4
92. 5
96. 2
97.8

96. 6
98. 4
101. 5
103. 4
101.1
99. 3
95. 8
96. 8
97. 3
97. 6
95. 4
89.7

95. 2
103. 2
107.9
107. 8
105. 2
100. 5
93. 4
94. 2
97. 0
100. 2
85. 3
86.6

85. 6 80. 9
99. 2 102. 0
99. 8 106. 6
97. 3 102. 9
97. 0 99. 5
95. 0 94. 4
79. 5 73.1
90. 5 85. 0
95. 4 95. 9
106.3
101. o
100. 8
101. 2
98.4 103.6

99. 6
104.0
104.9
98. 5
104.4
101. 2
98.0
104. 0
98.9
107.6
108.8
112. 7

96. 2 97. 0
98. 4 104. 2
98. 4 103. 7
97. 3 95.1
97. 0 98. 0
97.0 94. 2
97. 3 94.8
99.8 99. 9
102.1
96. 0
106.0 109. 4
106.0 105.1
105. 6 106. 2

81.8
.
. 102. 7
! 104. 4
95.1 92.5
96. 9 99. 3
97.9 98. 0
85. 4 81.8
97. 3 96. 3
102. 7 102.0
107. 8 115.9
110. 5 118. 0
106. 6 112. 7

100.1

86.5
93. 8
96. 7
97. 4
102.9
104. 3
100.1
m 5
102. 8
106. 7
103. 4
103. 5
102 6
8
6

106.4 110.8
106. 7 111. 7
105. 2 115. 2
104.4 108.8
101.6
107.7
98.9 103.4
97.2 97.9
98.0 104.2
98.7 102.9
98.5 106.3
98.1 105.1
95.4 101.9

100.1
110.0

96.7
92.5
65.1
51.1
58.2

102.2

100.1
102 6

101 6

98.9
104. 3
111. 5

110.1
110.1
6

108.
90.1
92. 4
101. 4
105.9
104. 9
104.3

86 8
100 0
100 8

103.8 106. 0 94. 7 94.0
106. 0 108. 9 103. 0 104.5
104.9 109. 4 104. 5 107.5
104. 4 107.1 106. 2 110.8
102.9 105. 6 104.1 105.7
103.7 109.1 103.4 103.1
88.6
100.7 101.8 95.5 100.4
103. 3 105.9 103.6
103.8 107.3 107.2 109.0
107.9 111.4 119.3
102.8
99.6 100.1 111.3 117.8
95.0 96.9 105. 3

i Data subject to revision when census figures for 1933 become available,




Stoves
Em­
ploy­ Pay
ment rolls

96.3
103.6
106. 3
93.0 96.1
92. 8 96. 0
101. 7 106.9
88.6
81. 6
70.3 58.9
55.1 35.5
55.8 36.1
99. 4
.
.
104. 4
102.3
102. 5
103. 7
103. 4
101. 5
101. 2
98. 0
98. 4

Em­
ploy­
ment

Steam and hotwater heating
apparatus and
steam fittings
Pay
rolls

Pay
rolls

101.8
100.8

101 0
102 8

Plumbers’
supplies

mo

31

CHAP. 4.----RESULTS OP REVISION

T a b l e 8 . — Indexes

of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Iron and steel and their products, not including machinery—Continued
Month and year

Forgings, iron
and steel
Em­
ploy­
ment

Pay
rolls

1927

1928




Em­
ploy­
ment
95. 9
96. 8
97.0
96.1
94. 7
93.8
90. 7
87. 9
91. 7
91.1
90. 2
89.8

April _ __ - _____
May ___- ______

May
June - __July
August
September
October
___
November ___- December
1929
January _ __
February
March
April
May _ __ _
June
July
August
September ___ _
October
November
December
1930
January
February
March
ApHl __ __ ___
May
June
-July - ________
August
September ______
October
November __ __
December__________
1931
January___February_____ _____
March-------------------April______ _____
M ay. - - _____ _
June. -_ _ -_ -.
July_______________
August____ ________
September_________
October____ ... November_______
December__________

Hardware
Pay
rolls

Plumbers’
supplies
Em­
ploy­
ment

Pay
rolls

.
103. 7
104.1
101.4
99. 1
97. 4
89. 5
89. 4
92.0
93. 2
90.9
91.9

Steam and hotwater heating
apparatus and
steam fittings
Em­
ploy­
ment
100.1

89.4
92.2
93.8
94.0
94.4
94.4
90.8
97.9
94. 0
94.3
90.5
83. 6

99. 3 103. 7
102. 3 110. 7
103. 5 110. 3
101. 4 107. 8
102. 4 109.8
102. 3 109.0
102.8
101. 6
99. 9 104. 7
103. 3 107.6
103. 6 109.0
103. 7
100.8
99.9 103.6

93. 0
96.8
95. 1
94.1
90.8
89.4
85.4
89.9
90.8
93.2
92.8

98.
96.
94. 4
92.9
89. 6
85.4
81.7
82. 7
81.9
80.0
79.3

97.1
99.0
93. 5
88. 6
86.8
81. 2
73. 2
71. 7
72. 2
73. 6
71.0
70.7

76.6
75.9
75.8
75.0
73.8
72.0
69.3
66.3
65.4
65.5
64.7
63.6

65.0
65.9
67.4
65.7
65.3
60.3
55.3
55.3
49.7
53.4
51.8
51.2

100.1
6
6

45.2
42.1
40.9
40.5
39.9
38.5
39.2
42.2
43.2
42.3
45.0
43.3

36.1
34.4
35.2
38.0
35.2
30.0
29.9
32.1
28.4
29.2
31.3
29.8

Em­
ploy­ Pay
ment rolls

95. 7 96.8 91.3
105.6 97.6
99. 5 104. 7 100.3
99.8 103.2 98.3
99. 2 103.4 98.9
104. 2 98. 6
100. 2
101.0
100.8
83.0
101. 7 106. 1 94.5
103. 7 105. 5 99.1
104.6 101.0
101. 6
96.6 93.1 98.8
91.9 91.6 93.1

100 2

88.4
96.7
95.1
92.2
92.4
94. 7
89.4
93. 7
96.8
101.9
104.2
106. 2

89.4
90. 7
91. 3
90.1
90. 7
91. 9
88. 9
92. 8
95. 3
95. 7
97. 7
98. 9

Pay
rolls

Stoves

90.0
103.3
101.5
100.7
100. 2
80.1
96.5
99.5
103.7
99.0
93.9

101.2

91.3
.4
99.8
96.8
93. 2
89.6
83. 5
89. 7
92.1
97.6
90. 5
82.6

96.0
98. 6
100. 7
101.3
100.7
94.0
100.3
106.4
109.9
102.0
93.7

83.0
95.7
98.1
100.9
102.7
100.5
91.2
97.4
106.0
115.9
99.8
93.9

83.0
85. 4
83. 7
82.2
81.0
75.2
72.6
74. 6
75. 2
75. 9
76.1
74.6
50.7
52.7
50.7
47.5
48.6
48.4
51.0
50.6
45.1
47.9
42.4
40.5

77.7
88.5
90. 5
92.7
94.6
95.4
88.0
95.3
99.3
104.3
102.8
98.8

88.1

70.1
70.0
69.0
65.2
64.5
64.6
65.6
63.8
62.3
63.8
62.2
59.5

86.3
97.2
97.3
94.4
99.0
98.5
92.7
101.3
95. 3
95.9
90.7
84.1

75.8
80.9
78.0
76.7
72. 7
66.3
62. 2
63. 2
62.8
65. 6
62. 6
61.3

81.0
89. 8
89.0
88.4
87.0
86.7
78.1
81.8
81.6
83.1
80. 2
70.1

74.6
84.0
84.5
81.6
79.1
81.3
65.0
69.8
73.4
75.7
66.6
56.0

73.8
72.8
73.0
70.2
68.1
66.7
65.3
63.2
62.8
65.7
63.5
59.5

57.8
57.7
54.6
51.3
47.9
45.6
43.6
42.1
38.4
43.1
38.3
34.8

60.0
68.2
73.5
74.5
73.9
71.6
63.2
69.0
73.3
74.1
69.4
62.3

45.7
55.7
59.4
59.1
59.6
54.8
47.4
52.1
57.5
58.3
49.7
41.5

102

88.1

73.1
90.4
90.0
93.0
93.8
94.7
82.7
89.9
99.0
111.1
104.8
99.3

32

EE VISED INDEXES— EMPLOYMENT AND PAY EOLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average, 1923-25=100]
Iron and steel and their products, not including machinery—Continued
Month and year

Forgings, iron
and steel

Hardware

Steam and hotPlumbers’ sup­ water heating
plies
apparatus and
steam fittings

Stoves

Em­
ploy­
ment
19321
January____________
February__________
March____________
April____ _________
May_______________
June.. -- _______
July_______________
August____________
September_________
October____________
November. _ _______
December__________
19331
January_____ ______
February_______ _
March_____________
April______________
May_______________
June_______________
July____________ .
August____________
September_______
October____________
November_______
December__________

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

41.3
41.1
41.7
36.1
37.0
35.8
33.7
32.6
30.7
33.9
32.6
32.8

26.6
26.5
25.3
20.4
20.5
19.8
19.2
15.9
13.9
16.4
16.7
17.7

62.4
61.5
60.6
58.8
56.1
55.1
50.1
48.8
50.9
51.8
52.5
52.4

48.2
46.0
44.4
39.9
35.9
34.4
27.5
26.7
28.9
31.0
31.2
32.0

60.1
58.6
55.7
55.0
54.5
54.1
52.2
50.2
42.7
43.5
47.2
39.2

34.8
34.3
31.5
30.2
30.1
30.0
24.8
27.6
22.1
23.0
25.5
16.9

54.7
55.7
54.1
48.6
41.9
41.8
40.3
41.1
44.0
46.2
47.7
42.2

29.7
31.3
28.7
26.1
22.5
22.6
20.4
20.7
22.5
26.0
24.6
21.0

51.7
58.9
59.9
60.1
58.1
53.9
47.5
50.8
60.2
64.4
64.1
57.7

32.4
37.7
37.5
36.0
34.5
30.8
26.6
29.2
38.7
45.6
38.9
31.7

32.5
31.7
30.9
31.2
34.6
38.9
41.3
46.8
51.2
47.2
51.1
52.0

17.2
15.9
14.6
14.9
20.2
25.0
26.6
31.9
31.0
31.6
34.4
36.2

50.9
51.5
49.4
49.6
*51.2
55.3
58.8
63.0
62.2
58.2
57.9
61.0

28.7
29.6
26.4
26.8
31.4
37.6
42.4
44.2
42.5
39.1
38.9
45.1

37.5
46.4
50.0
45.5
56.8
65.6
69.6
68.9
74.6
69.5
58.6
55.8

15.5
20.7
26.2
22.0
33.6
41.7
39.0
39.1
42.9
37.4
27.6
27.3

38.9
43.2
37.9
42.2
45.6
49.6
53.3
57.8
59.9
55.4
56.3
54.4

18.4
17.7
19.9
24.0
27.6
30.2
33.7
33.5
30.7
30.6
30.8

43.9
50.0
48.8
52.5
56.6
62.1
70.0
80.4
91.1
96.2
93.5
79.1

22.7
28.4
26.7
30.6
35.8
41.2
46.8
53.8
61.5
69.3
61.2
48.8

Pay
rolls

Data subject to revision when census figures for 1933 become available.




Em­
Em­
ploy­ Pay ploy­
ment rolls ment

20.1

Pay
rolls

33

CHAP. 4.----RESULTS OF REVISION

8 . — Indexes o f employment and pay rolls in manufacturing industries , b y
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]

Month and year

1923_______________
1924_______________
1925_______________
1926
1927_______________
1928
1929_______________
1930
1931_______________
19321______________
1933 i______________
1923
April
JimA
•Tilly
August,
September
Ofitnhpx _
November
December

Machinery,
Iron and steel and their products, not including machinery— not including
Continued
transportation
equipment
Tools, not in­
Structural and Tin cans and cluding edge
ornamental other tinware tools, machine Wire work
Group index
tools, files,
metal work
and saws
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls
104.4 104.0 101.0 97.7 105.7 103.1 93.1 89.6 105.8 104.0
97.7 96.6 100.0 100.0 102.2 101.8 100.0 100.0 95.1 95.3
97.9 99.4 99.0 102.3 92.1 95.1 106.9 110.4 99.1 100.7
107.5 109.9
107.8 111.2
106.1 108.8 98.4 104.2 91.7 95.6 120.4 122.5 102.3 106.0
105.1 111.3
106.5 111.0
111.2
112.8
104.3 113.6 107.6 117.8 124.2 129.3 125.9 134.2
98.9 94.2
104.6 102.2
76.0 61.5 83.7 83.3 60.4 51.1 95.6 80.6 78.3 63.9
50.8 31.1 73.8 67.3 46.5 32.2 90.3 61.9 56.3 36.1
46.1 26.3 78.7 70.6 48.9 34.7 103.3 75.7 58.9 37.9
94.3 94. 6
98.9 89.8
95.4 95. 7
102.9 94.4
99.8 100.2
106.0 101.2
101.1
100.8
108.7 107.1
102.9 103.3
108.6 109.8
108.1 109.1
108.6 110.7
108.3 106.6
105.5 107.7
112. 2
108.9
106.7 104.8
107.4 106.0
111.6
106. 7
105.0 106.8
109.9 110.3
108.0 106.8
104.8 105.4
104.2 103. 7
103.4 105. 5
98.9
101.8
103.0 102.6
101. 2
101.8
102.0
105.1
99.1 98.5
103.0 106.7
98.1 99.2
105.3
101.8
98.7 98. 6
97.0 99. 7
98.8 100.8
93.1 93.8
98.2 93. 7
89.1 84.2
98.7 96. 6
88.9 85. 5
98.2 94.6
89.6 86.6
93.5 94.3
90.4 89.5
91.5 87.7
90.6 89.1
94.1 95.6
93.2 94.9
93.8 91.3
93.9 94.6
93.9 95.8
96. 2 99. 2
94.4 96. 5
97.0 100.4
94.4 94.9
97. 7 98. 7
97.9 101.1
96.8 101.2
98.9 103.0
97.6 99.3
102.2
102.9
97.0 96.9
101.2
101.8
98.0 97.9
100.2
100.2
98.1
96.9
101.3 104. 0
102.9 104.8
104.8 107.8
98.8 100.3
98.3 103. 5
106.5 111.3
97.9 95.0
107.2 108 . 5

1924
January__
February
March. __
April____
M ay_______________
June____________
July_____
August_________
September______ _
October______ __
November_________
December_____ _
1925
January. __ ___
February. ...................
March____________
April___ ______ _
M ay______________
June___________ _ _
July_______________
August____ ____ _ __
September_________
October_____. . .
November_________
December.............. .
1926
January____________
February__________ 1 0 0 .0 103 . 7
March________ _
1 0 0 .6
1 0 4 .6
April______________ 1 0 3.7 106 . 5
M ay_______ _______ 1 0 5 .8 109 . 5
June____________ ._ 1 0 8 .0 1 1 2 .6
July_______________ 1 1 3.9 1 1 2 .8
August — ____
1 1 4 .0
116 . 7
September........ ..... _ 1 1 4.8 1 1 3 .0
October__________ 1 1 2.8 1 1 7 .0
November_________ 1 0 9.9 1 1 2 .2
December.................... 1 0 8.6 1 1 5 .0
Data subject to revision when census figures for 1933 become available.




1 0 8 .7
109 . 7
109.1
108.1
107 . 7
106 . 8
1 0 6.9
108 . 2
108 . 6
106 . 7
106.4

1 1 2 .8
1 1 4 .9
1 1 3 .4
1 1 1.9
1 1 2.8
1 0 7 .0
109 . 7
108 . 2

113. 3

1 0 9 .8

111.8

34

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes o f employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]

Month and year

1927
January____ ______
February___ _______
March. _________
April___ _ ____
M ay______________
June. _ _________
J u ly ..._____ ___
August___ ______ September________
October__________.
November.. ______
Decem ber.______
1928
January_______ . ..
February _ ________
March. 1__________
April____ ____ _ ...
M ay.. ___________
June______________
July___ ___________
August.._ _____
September. _ ____
October_____ ____
November_________
December__________
1929
January____________
February _________
M arch.. __________
April______________
M a y .____________
June.. ______ ___
July_______________
August___ _______
September_________
October.. •_________
November_______
December...................
1930
January..________
February _________
March____________
April___ _____ _____
M ay_____ _______
June______________
July_______________
August____________
September.. . . . ___
October________ ...
November________
December_________
1931
January_______ ...
February. _______
March_____________
April---------------------M ay_______________
June.............................
July_______________
August____________
September. _ ______
October____ _____
November______...
December......... ..........




Machinery,
not including
Iron and steel and their products, not including machinery- transportation
continued
equipmentcontinued
Tools, not in­
Structural and Tin cans and cluding edge
ornamental other tinware tools, machine Wirework
Group index
metal work
tools, files,
and saws
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls
104.2
104.6
104. 2
105. 3
106.0
107.6
107.8
109.8
108.9
106.2
104.6
104.1
101.9
102.2
101.1

101.4
104.8
107.6
107.1
111.2
110. 6
109. 2
109.2
112.1

107.7
107.3
107. 6
108.0
109.8
111. 6
113.7
116.1
117. 0
115.7
111. 9
108.3
104.6
101. 7
100.6
101.6

102.3
103.0
98.7
97.6
94.0
90.8
89.5
84.5
81.2
80.8
79.2
77.5
76.1
76.9
77.1
74.1
70.0
68.0
66.3

102.6

103.7
106. 5
106.8
104. 5
109.0
112. 5
109.3
116.3
109.4
110. 6
106.3
110. 5

105. 2
106.3
105.9
104.9
103.3
103. 3
100.9
100.4
99.7
100.3
98. 7
98.4
98.1
99. 5

101.6

105. 5
104.6
105. 5
111. 7
113.1
110.0
115.7
113. 2
118.4
116. 3
116.5
105.9
108.9
108. 6
110. 8
112. 5
113. 3
112.4
119. 3
120. 5
121.2
111.7
108.8
99.3
98. 5
97. 6
101.8
101. 8
101.5
93.7
95. 6
90.9
88.6
80. 6
80. 2
71.8
68.8
68.2

64.9
65.0
62.9
65.3
62.1
58.1
52.9
49.9
48.3

101.1
101.8

86.2

87.7
87.8
90.1
88.4
86.0
85.7
86.5
80.8
76.2
73.3
75.3

87.7
85.5
90.8
93.0
87.2
85.5
84.8
84.7
81.3
75.1
71.6
72.3

62.8
62.4
62.6
62.6
60.4
60.5
60.9
58.2
59.6
58.7
57.6
58.1

52.9
55.0
55.8
56.1
54.1
51.9
51.1
48.3
45.7
48.3
46.9
47.1

88.2
86.0

89.1
89.9
91.1
92.9
94.3
104.2
101.7
102.6
104.1
103.0

74.6
75.3
81.9
78.8
80.5
81.9
80.3
88.2
81.0
83.6
80.7
80.2

103.1
103.9
104.2
105. 7
108. 3
110.1
111. 7
113. 5
114. 5
118.1
121. 2
123. 7
127. 2
130.1
132.7
133.6
132.6
132. 5
125. 6
119.5
116.1
115. 5
114. 4
112.3
109. 2
105. 9
101. 8
98.1
99.1
97. 6
94. 3
91.3
87.7
87.4
85.5
84.1
82.1
79.3
76.1
73.2
73.6
71.4
69.8
68.9

107.8
111.9
112.3
110.6
109.4
108.5
102.3
103.9
100.0
103.0
99.3
103.4
100.4
104. 7
107.8
107.9
109.9
112.1
108.6
111.5
112.9
118.8
118.1
122.4
119.6
128.1
133.7
136. 2
140.3
140.4
137.3
139.6
138.8
141.1
129.3
126.0
119.3
120.1
119. 3
117. 2
112. 6
107.2
95.8
91.9
91.3
89.9
82.0
80.0
74.4
76.0
75.3
73.0
71.0
66.0
60.7
58.4
54.6
54.1
51.9
1 51.9

35

CHAP. 4.----RESULTS OF REVISION

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Machinery,
not including
Iron and steel and their products, not including machinery— transportation
Continued
equipment—
Continued
Month and year

Structural and Tin cans and
ornamental other tinware
metal work
Em­
ploy­
ment

19321
January___ ____
February__________
March_____________
April______________
M ay______________
June_______________
July_______________
August________ ____
September_________
October___________
November_________
December__________
19331
January____________
February ____ __
March.. _____... _
April______________
May______________
June_______________
July___________ ..
August____________
Septem ber.._____
October____________
November_________
December_______

Pay
rolls

Em­
ploy­
ment

62.7
59.3
58.0
55.4
52.7
50.8
48.2
47.6
45.5
43.9
42.9
42.6

43.7
39.7
37.2
35.2
33.0
29.3
27.2
27.2
25.8
25.5
25.5
23.7

73.5
71.9
72.6
72.9
71.1
75.8
74.2
74.7
80.3
75.9
72.4
70.3
66.9
69.6
67.7
70.5
72.9
78.0
81.8
89.8
92.3
85.0
83.9
86.4

40.6
39.7
40.4
41.0
40.6
42.0
45.5
49.3
53.9
54.6
53.3
52.7

20.1

18.8
18.7

20.1
21.6
22.8

24.0
29.7
33.7
35.9
35.4
34. 2

Tools, not in­
cluding edge
tools, machine
tools, files,
and saws

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

70.6

68.8

67.6
64.3
63.9
66.4
76.9
69.7
61.3
62.4

54.8
54.4
51.8
50.8
48.7
46.2
41.9
38.4
41.8
42.6
43.7
43.2

41.3
42.5
39.6
37.0
33.6
31.3
24.3
22.1
27.1
29.3
29.8
29.0

97.0
98.6
94.7
91.8
91.1
90.4
84.2
87.0
89.4
88.2
87.0
84.2

71.0
78.4
75.3
65.3
65.6
60.7
49.2
54.7
58. 2
59.2
56.4
48.6

58.4
58.4
56.4
60.7
67.0
73.9
77.6
80.8
81.9
75.6
74.7
81. 5

42.0
41.9
39.4
39.7
41.0
44.6
49.4
54.9
56.7
58.8
59.0
58.9

27.6
25.6
22.6
22.7
25.9
33.3
38.4
41.7
43.0
45.1
44.9
45. 5

81.7
86.0
84.3
84.5
89.7
100.6
109.4
117.8
124.3
123. 7
118.3
118.8

46.6
53.9
48.0
53.7
66.6
80.6
89.4
103.4
94.2
95.7
84.9
91. 6

66.6
68.6

i Data subject to revision when census figures for 1933 become available.




Wirework
Pay
rolls

Group index
Em­
ploy­ Pay
ment rolls

64.0
60.7
58.4
55.3
52.3
50.1
50.4
51.0
51.1
50.6

47.5
47.5
44.6
40.9
38.0
34.4
30.6
29.0
29.7
30.6
30.2
30.3

48.1
48.7
47.1
47.7
50.1
54.2
58. 1
64.5
69.8
73.0
73.3
71.8

28.2
28.7
26.2
26.8
30.6
35.6
39.1
43.5
46.6
50.2
50.2
49.1

66.1
66.0

36

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1928 to 1933, and by months January 1923 to December 1983— Continued

[3-year average, 1923-25=100]
Machinery, not including transportation equipment—Continued
Cash registers, Electrical ma­ Engines, tur­
adding ma­
Foundry and
appa­
chines, and chinery, and bines, tractors, machine-shop
ratus,
and water
calculating
products
supplies
wheels
machines

Em­
ploy­
ment

Month and year

Agricultural
implements

Em­
ploy­
ment

Pay
rolls

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

1923110.0
109.9 107.4 105.1 103.0 100.1 99.1
1924..
88.1 88.7 97.2 97.3 97.9 99.2 96.0
1925101.9 101.4 95.4 97.6 99.1 100.7 104.9
115.4
115.3 119.1
1926111.3
118. 5 125.9 103.1 100.4 (2)
1927(2)
113.2
137.9 152.4
19281929147.9 160.0 120.8 137.3 127.3 134.4 125.3
107.1 109.3 106.1
1930110.7 106.9
62.3 51.9 87.3 69.1 80.9 68.7 68.1
193139.2 32.4 75.4 50.6 56.8 37.1 42.4
19321.
1933 i.
44.5 37.7 79.5 56.4 51.3 33.6 44.8
1923
January____
107.0 99.4
90.1
120.0
February___
114.4
90.1
March_____
125.3 123. 7
96.9
124.9 125.0
April----------101.8
M ay_______
122.3 125.9
103.3
June_______
116.7 116.3
105.1
108.3 106.2
July________
103.9
103.4 102.9
August_____
103.0
September...
98.8 98. 2
101.4
October____
95.6 98.2
98.6
November...
97.8 102.1
98.9
99.4 106. 2
December__
96.4
1924
January____
103.1 108.2
93.0
February___
105.3 111.2
97.8
March_____
105. 6 111.4
99.0
98.4 101.9
April_______
100.5
M ay----------88.8 93.6
100.1
June_______
77.6 78.4
98.3
July________
71.2 66.4
97.1
73.4 70.6
August_____
96.1
September...
75.3 71.4
92.6
October____
81.0 77.4
92.0
November.
85.7 81.8
92.2
December—
92.3 92.5
92.7
1925
January____
94.1 90.4
93.7
February___
99.7 100.3
99.2
March_____
103.1 105.0
102.5
April----------104.1 105.3
102.9
M ay_______
101.3 102.2
105.1
June_______
97.9 96.3
106.4
July-----------94.2 90.9
107.6
August_____
99.7 97.9
108.9
September...
101.6 93.6
108.3
October____
104.9 105.6
108.4
November...
109.5 111.5
107.3
December—
112.7 118.2
108.1
1926
January____
118.0 120.6
109.5
February___
120.7 125.3
112.2
March_____
125.1
120.0
113.5
April_______
120.0
125.1
116.2
116.4 121.6
M ay_______
117.5
114.3 118.9
June_______
116.7
108.6 110.7
117.5
July________
119.0
111.7 117.1
August_____
September...
111.8 109.6
118.0
117.0
October____
112.7 115.5
114.3 116.5
112.9
November.
114.9
115.4 122.9
December....
i Data subject to revision when census figures for 1933 become available,
a Not comparable.




Pay
rolls

Em­
ploy­ Pay
ment rolls

99.5
96.7
103.8
119.2
119.3
125.5
138.9
107.2
54.0
24.0
25.7
83.5
83.3
94.0
105.0
105.8
107.9
101.3
103.3
101.1
103.9
103.1

108.4
93.9
97.7
103.3
97.7
98.8
111.3
94.2
69.7
50.4
52.6

101.8

96.8
102.8
103.8
105.8
104.7
103.6
92.7
94.3
89.8
90.7
86.0
89.9
91.1
99.9
104.3
101.4
105.7
105.8
106.1
106.4
101.4
105.1
109.2
108.6
109.6
114.4
117.1

121.0
122.6

122.4
119.4
123.1

121.0
122.2

116.7
120.3

101.1

106.0
108.7
111.7
112.5
111.9
111.5
110.6
106.3
105.5
103.3
103.2
112.2

101.1
102.2

101.7
96.0
92.1
87.5
87.6
87.8
87.9
88.5
91.4
93.5
96.2
97.1
97.9
98.2
98.6
96.9
96.7
97.7
99.2
99.7

100.6
101.0

103.8
105.6
105.6
104.6
104.3
103.3
103.7
104.0
102.7

100.0
100.6

106.7
93.6
99.7
107.4
99.9
102.6
117.9
89.0
55.4
31.1
32.8
92.1
97.8
104.4
111.7
114.0
115.1
110.1
108.4
109.0
108.6
105.1
104.4
100.5
103.9
106.7
105.7
98.6
91.2
80.8
83.5
84.5
86.9
87.5
93.9
94.7
100.4
101.8
99.6
101.9
100.1
95.9
96.9
94.0

102.0
102.8

105.9
103.2
109.3
112.4
111.0
109.8
110.4
103.8
107.0
104.7
107.8
103.3
105.5

37

CHAP. 4.— BESULTS OF BEVISION

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1928 to 1933, and by months January 1923 to December 1983— Continued

T able

[3-year average, 1923-25=100]
Machinery, not including transportation equipment—Continued

1927
March
_______
April __ __ ___
M ay_______________
July -- _______
Angnat____________
November_____ __
1928
January__________ March________ _ __
April______________
May ____________
June.. _________ __
July _
__
August _ ____
September _____
October___________
November _______ December ______
1929
January _ ________
February
_ ____
_
March _ _______
A pril______ _______
M ay______________
.Tune
_ __________
July _ _____
August
_______
September _____
October________ - November. _ _____
December__________
1930
January____________
February___ ______
March . ____ ___ _
April___ __________
M a y .___ _______
J u n e ..__ _______
July__ _ ________August—
_____
September_________
October. ______ ____
November_________
D ecem ber.._____ _
1931
January-----------------February__________
March_____________
April______________
M ay__________ .. .
June_______________
July_______________
August------------------September_________
October-------------- .
November_________
December................ .




Cash registers, Electrical ma­ Engines, tur­
adding ma­
Foundry and
appa­
chines, and chinery, and bines, tractors, machine-shop
ratus,
and water
calculating
products
supplies
wheels
machines

Em­
ploy­
ment

Month and year

Agricultural
implements

Em­
ploy­
ment

116.4

120.6
121.6

119.4
117.6
116.7
113.0
115.4
113. 5
118.5
120.6
128.3
133.0
137.0
140.5
139.9
139. 2
139. 2
135.1
133.4
131.7
138.2
141.1
146.9
152.4
159. 0
161. 7
167.5
163. 2
156.1
149. 0
140.1
130.0
130. 5
131.2
134. 6
139. 2
143.3
144. 5
136.2
127. 5
109.6
95.9
84.0
85.1
86.4
87.3
89.8
95.6
93.8
83.0
75.6
64.1
57.5
47.6
43.3
43.5
45.0
47.8
51.2

Pay
rolls

Pay
rolls

Em­
ploy­
ment

Pay
rolls

120.2

129.6
128.2
128.0
127.4
123.8
117.0
124.3
117.1
126.2
128.8
140.5
145.3
152. 6
158. 7
156.2
155. 5
155. 0
146. 7
149.0
140. 5
152. 5
154.1
163. 2
163. 7
177.1
182.1
187. 4
182. 4
169. 0
154. 6
150. 6
133.1
138. 9
135.4
146.1
147. 2
155. 4
158. 4
145.1
127. 5
101. 4
80. 3
72. 2
71.5
73.8
73.8
76.3
86.1
86.2

70.7
58.7
50.1
45.1
40.0
36.0
35.4
36.0
37.9
40.5

93.6
91.3
90.7
90.6
88.8
87.8
83.5
87.7
84.4
82.9
83.1
83.2

111. 2
114. 1
117. 7
121. 5
126. 8
132. 4
135.8
136. 5
136. 9
136.0
131. 6
126. 7
123.2
120. 0
118. 7
116.0
111. 5
108.0
102.9
99. 7
99.6
98. 2
95.0
91.9
77.8 90.2
75.0 89.7
75.0 88.5
74.5 87.4
73.9 85.0
73.4 82.6
64.2 79.4
69.1 76.2
58.6 76.1
61.9 73.9
62.0 71.1
63.4 70.1

114. 8
119. 5
128.1
130. 2
136. 2
141. 3
140. 5
139.8
144. 8
144.5
137.0
136.3
130.4
126.2
125.8
124.1
119. 9
115. 5
102.8
96.5
98.3
95.8
90.1
85.8
80.0
81.3
80.8
78.2
76.9
70.7
65. 6
65.2
59.4
57.0
55.4
53.5

Em­
ploy­
ment

Pay
rolls

114.9
117. 5
117. 2
113. 7
111.3
110. 3
109.9
110.4
108. 9
107.8
107.0
106. 6
107.4
107.9
110.2
111.4
112.4
111.9
112. 0
115. 4
116. 0
116. 3
116. 5
120.9
121. 9
125. 8
128.4
126.4
126.8
130.1
128. 7
126. 6
125.9
125.3
120.1
117.9
117.4
120. 3
120.9
119.4
117.4
112.3
106.8
99.0
94.1
89.3
88.7
87.6

118.1
125.0
124.3
120.7
120. 7
119.3
117.4
117.9
115.8
117. 5
116.7
118.1
116.5
119.7
121.8
126.8
126.8
126.0
125.4
128.1
127. 2
127.8
128.8
131.0
130.1
138. 9
143.8
145.1
148.1
146.0
139.7
137. 6
137. 5
138.8
131. 7
129.2
124.4
132.4
130.0
127.5
122.6
116.3
105.6
96.5
90.8
83.6
79.4
77.2
77.2
78.9
77.5
69.4
60.4
55.1
47. 5
41.1
37.4
36.0
33.2
34.4

86.8

85.6
84.2
78.3
69.9
67.3
65.0
60.2
56.4
55.3
53.1
55.1

Em­ Pay
ploy­ rolls
ment
100.2

102.7
103.0
102.2
100.4
99. 4
97.4
96.4
93.8
93. 7
91.3
91. 5
92.1
94.7
96.2
96.9
98.4
98.9
99.1
99.8
101.1
102.0

103.2
103.6
105.3
109. 2
112.0
113.7
114.4
114.7
114.1
113.9
112. 5
111.7
108.0
106.3
104.0
104. 6
104.0
103.1
100.8
97.7
93.4
88.9
87.6
84.4
81.6
80.6
77.6
77.8
77.1
75.8
75.5
71.9
68.5
64.6
64.3
61.9
60.8
60.7

101.5
108.8
109. 7
106.8
105.4
103.3
97.3
97.6
92.3
92.8
89.5
93. 2
90.8
97.3
100.7
100.7
103.1
104.2
100.6
103.3
103.3
109.0
108.0
110.3
108.3
118. 3
122.4
124.5
125.4
122.8
117. 5
120.0
117.0
119.0
111. 1
108.4
102.2

105.3
105.9
105.3
100.8
95.5
84.2
80.5
77.0
74. 3
67.6
69.3
63.2
65.7
66.4
64.6
63.6
58. 1
52.8
49. 1
46.5
45.6
43.9
45.0

38

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes o f employment and pay rolls in manufacturing industries , by
years 1928 to 1933, and by months January 1928 to December 1933— Continued

[3-year average, 1923-25=100]
Machinery, not including transportation equipment—Continued

19321
January____________
February__________
March-------------- .. _
April______________
M ay. _____________
June........ ....................
July----- ------ ----------August___ _______
September-------------October____________
November_________
December_________
19331
January___________
February---------------March_____________
April_____ _______
May______________
June_______________
July--------- ... ... .
August____________
September_________
October____________
November___
December.
____

Cash registers, Electrical ma­ Engines, tur­
adding ma­
Foundry and
appa­
chines, and chinery, and bines, tractors, machine-shop
ratus,
and water
calculating
products
supplies
wheels
machines

Em­
ploy­
ment

Month and year

Agricultural
implements
Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

54.0
57.5
56.8
50.6
39.6
30.8
27.7
30.2
29.1
26.9
31.5
36.1

41.9
53.6
51.5
42.9
34.6
25.0
21.3
23.7
22.2
21.3
23.8
27.4

84.2
83.7
81.5
79.8
80.4
77.1
76.2
67.3
68.1
69.1
68.7
68.4

60.6
56.7
55.4
53.2
52.8
48.3
47.9
45.8
46.2
47.6
46.4
46.4

69.3
68.3
66.8
63.2
60.8
57.5
53.4
51.5
48.7
47.6
47.3
46.8

51.2
50.0
47.0
43.1
39.4
36.2
32.8
29.6
29.2
29.0
28.6
28.6

42.6
50.1
49.5
46.7
44.9
43.4
40.2
38.0
37.8
38.3
38.2
38.6

26.7
30.1
29.4
27.9
25.6
23.9
20.7
20.0
19.6
21.7
20.4
21.7

38.2
41.6
39.9
38.3
35.4
38.5
40.1
43.5
48.2
52.4
56.1
61.2

29.0
33.0
29.0
28.2
28.0
33.1
33.0
37.0
41.6
47.4
53.6
59.8

67.4
67.6
66.5
67.6
69.9
76.4
80.0
86.4
90.7
92.9
93.8
94.4

43.6
43.5
41.7
45.7
48.8
54.5
57.9
62.0
65.4
68.4
71.6
73.3

44.7
44.7
43.6
44.0
45.5
48.0
51.4
55.0
58.4
60.6
60.3
59.4

27.0
26.7
25.5
26.5
29.2
32.4
35.8
37.5
39.7
41.5
41.3
39.8

38.5
38.6
36.6
36.8
37.1
40.9
43.7
43.5
53.3
53.4
56.4
59.3

i Data subject to revision when census figures for 1933 become available.




21.1

21.4
19.7
20.0
20.7
24.2
25.6
24.0
29.6
31.7
33.5
37.1

Em­
ploy­ Pay
ment rolls
57.8
57.6
55.9
53.9
52.1
49.3
47.7
45.0
45.7
46.3
46.5
46.4

39.5
40.0
38.0
35.3
33.4
30.0
26.7
25.1
25.5
26.7
26.4
26.7

43.8
44.5
42.9
43.4
45.2
48.9
52.9
59.4
62.4
63.6
62.5
61.4

23.9
24.8
22.3
22.5
26.4
31.2
35.3
39.9
41.3
43.3
41.9
41.3

39

CHAP. 4.----RESULTS OF REVISION
T a b l e 8 .—

Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Machinery, not including transportation equipment—Continued

1923_______________
1924_______________
1925_______________
1926 ___________
1927_______________
1928 _ _________
1929_______________
1930 ____________
1931_______________
19321_______________
19331_______________
1923

Machine tools

Radios and Textile machin­ Typewriters
phonographs ery and parts and supplies

Group index

Em­
ploy­
ment

Month and year

Transporta­
tion equip­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

108.1
92.0
99.9
119.3
114.3
127.9
167.2
126.0
74.7
40.5
41.7

105.3
90.8
103.9
125.3
116.3
139.8
187.6
121.9
61.5
27.5
28.7

89.5
105.9
104.6
(3)
204.5
141.0
124.4
100.0
151.4

107.5
104.4
(3)
202.9
139.8
96.5
62.7
85.4

88.1

Em­
ploy­
ment

Pay
rolls

116.4
92.7
90.9
90.1
85.3
78.5
88.1
71.2
61.3
48.7
61.1

117.5
86.8
95.7
95.7
93.2
84. 2
96.7
66.0
54.3
35.4
47.0

Em­
ploy­
ment
100.0
100.0
100.0

111.5

111. 4 106.5
102.5 98.5
113.1 107.5
107. 2 103.0
116.3 117.0
112.2
108.0
118.8 li9. 6
116.4 112.0
April
121.1
May
___
127.4
118.1 113. 5
117.5 123.8
June - ___ __ 117.1 115.8
120.3 124.8
July . ____________ 114.0 108.8
August.
119.3 120.9
87.8 87. 4
September
120.4 122.8
108. 2 105. 6
October
116.9 119.1
107. 7 105. 3
112.2
108.7
November . ______ 103.0 101.1
109.2 111.9
December
103.0 104.0
1924
107.0 106.8
99. 7 99. 7
January
-104.2 100.4
February
_ _ _ _ 101. 5 102. 5
M arch
102.4 93.9
102.0
103.1
97.4 92.7
April ____ - - _ 99.7 101.4
94.4 89. 5
M ay______________ 96.2 97. 7
92.5 84. 2
93.6 93. 7
June - - 88.7 78.0
July. .......................... 87.0 81.3
89.0 78.2
75.9 70. 7
August - ______
September
83.8 72.4
85.5 80.0
October
84.2 80.7
85.6 82. 5
82.5 77.3
November. _____ _
87.1 84.9
86.6
December . _ _
89.6 91.5
86.9
1925
90.2 93.3
January___________ 92.6 93.8
90.4 90.8
February__________ 94.1 96.6
87.3 88.9
March. ___________ 94.0 95.9
April
__ _
89. 2
88.0
94. 5 96.8
90.1 94.9
May _ - - _______ 95.5 98.9
89.0 94.5
June _____________ 97.3 101.0
90.5 97.3
July _ _________ 99.0 102.8
Angnst,
92.4 98.4
93.0 97.6
91.8 94.2
September ______ _ 103.3 102.0
90.4 98.1
October . _________ 107.9 114.8
November
___
92.9 100.8
119. 7
112.2
97.5 108.3
December.................. 115.9 126.3
1926
97.7 107.2
January............. ........ 117.9 125.5
98.4 104.1
February
_____ 118.6 126.3
97.2 105.4
March _________ 120.6 127.8
95.9 104.8
A pril_____________ 120.2 127.4
92.4 97.8
118.9 124.4
May
_____88.5 91.5
June
__________ 118.6 124.2
86.7 88.9
July . ____________ 118.6 121.4
87.5 88.9
August
. _____ 108. 7 112.9
September
84.8 90.0
120.4 123.3
82.4 87. 6
October
________ 122.2 129.1
83.7 87.8
November. _______ 123.2 130.0
85.4 94.1
December__________ 123.1 131.3
* Data subject to revision when census figures for 1933 become available.
3 No data available.




121.1

77.8
58.7
62.7

Pay
rolls

Em­
ploy­ Pay
ment rolls

* 98.4

107.6 107.7
93.1 90.8
99.3 101.5
99.1 99.5
87.9 89.8
96. 2 101. 6
103.5 105.4
80.2 70.2
66.3 52.3
56.0 40.7
54.2 39.5

100.0
101.6

113.0
130.1
60.0
35.2
42.4

97.0
103. 5
108. 2
110. 7
111.6
111.7
108.6
107.9
107.6
108.9
109.1
106.1

84.6
98.5
107.8
111.2
115.0
111. 1
107. 7
108.9
107. 2
115.9
116.3
107.8

105.8
106.8
107. 6
104.3
96.8
88. 7
85.1
84. 5
84.1
84.6
82.8
85.9

93. 5
111.3
108. 4
106. 6
97. 9
83.9
78.0
80. 7
81. 6
83. 6
80. 6
83.9

89.4
90. 8
96. 0
101. 7
104. 7
99.8
98.9
99. 2
100.8
105.3
104.1
100.9
102.5
105. 4
108. 3
106.0
102.9
101.1
98.3
99.4
98. 4
94.4
88.1
84.6

75.4
94. 7
107.5
110.6
101.7
99.9
97.3
100.2
li 2 .8
112.4
104.8

101.1

90.9
108. 6
112.1
110.4
106.1
101.4
94.2
101.9
98.8
100.5
89.0
79.8

40

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 * — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Machinery, not including transportation equipment—Continued

1927
January____________
February________
March_____________
April_____ ________
M ay_____________
June_____________ _
July______ _______
August.. -. _______
September. _ ______
October__________
November_________
December__________
1928
January___________
February______ _ _
March. _________
April______ _ _ _ _
M ay______________
June___ ________
July__ _ _____ _
August___ _ _ ____
September___ . _ _
October______ _
November. _
December_____
1929
January____ ___ _
February____ _
March________
April___ _____ _____
M a y ._________ _
June_______________
July______ __ ___ _
A u gu st..__________
September________
October__________
November________
December.__ _______
1930
January_____ __ __
February_________
M arch.. ________
April_____ .. ____
M ay____ _______
June_____________
July_________ ___
August___ _____ _
September__________
October___________
Novem ber... _ __ __
December_____ ____
1931
January____________
February_____
March___ __ ____
April---------------------M a y ._______ _
June_______________
July___________ -.August— ______ .
September_________
October____________
November_________
December__________




Machine tools

Radios and Textile machin­ Typewriters
phonographs ery and parts and supplies

Group index

Em­
ploy­
ment

Month and year

Transporta­
tion equip­
ment—Contd.

Em­
ploy­
ment

Em­
ploy­ Pay
ment rolls

Pay
rolls

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

110.7
110.9

125.7
125.3
124.8
120.1
119.3
117.6
109.9
102.1
113.1
112.9
111.4
113.9

110.9
114. 2
116.7
120. 2
123. 6
126.1
128.1
121.4
136.0
140.5
145. 8
151.0

112.4
120.3
126.1
130.6
134. 5
138.1
135.1
132.3
148.8
158.9
165. 3
175.0

153.8
159.2
165.4
166.4
167.4
170. 2
171.6
169.2
174. 2
175.6
171.1
162.0

170.9
182.7
188. 7
191. 6
191.0
192.9
188.6
185.7
194.2
198.1
187.2
179.7

131.1
128.6
127.8
136.6
175.9
201.4
261.1
301.6
298. 6
315.5
234.2
141.7

131.0
128.6
136.5
140. 2
194.1
211.4
245. 0
292.7
291.9
319.1
194.1
150.1

79.1
82.3
84.8
88. 4
92. 5
94.4
95. 6
92. 5
91.5
86.7
85.0
84.4

86.9
92. 2
94. 5
100. 3
103. 5
104. 6
105. 6
102. 7
97. 7
93.8
88.1
90.1

103.0
111.9
114.4
116.8
116. 3
109. 2
107. 2
105. 0
103. 5
94.3
81.2
79.1

96.1
124.2
129.1
126.0
113.4
97.3
110.2
104.6
94.9
76.5
69.7

155.2
150.8
147.7
142.1
137. 6
133.3
121.7
104.5
112.4
108.2
101.5
97.5

161.9
157.0
155.3
146.3
139.6
133.2
113.3
93.6
100.2
95.9
84.4
82.2

125.8
107.
115.4
91.4 92.5
83.8 89.9
93. 0 99. 8
104.1 107. 5
130.3 129.6
162.8 169.8
203. 5 203. 0
230.5 240.4
209.4 177.7
164.4 126.6

84.0
85. 5
82.6
80.1
73. 5
70.8
65.2
65.1
61.9
61.1
61.2
63.4

87.8
87.1
80.8
74.5
64.9
63. 5
57.8
57.4
53.0
54.0
53.7
57.1

84. 3
87. 3
88. 0
90.7
91. 3
86. 0
79.8
76.2
73. 7
69.8
67.0

69.1
82.3
85.0

68.1

79.1
67.1
58.3
60.1
56.2
54.8
53.8

92.1
90.0
89.5
86.3
83.1
78.4
72.6
63.4
65.1
62.7
56.9
56.5

74.3
75.2
76.0
72.8
70.2
64.7
62.3
55.2
49.0
49.3
44.1
44.7

126.0
121.5
100.4
109.6
103.9
112.5
122.9
133.5
151.1
149.5
142.5
118.8

62.1
62.9
63.8
63.1
63.2
61.9
56.9
62.6
61.4
59.5
59.1
59.0

56.5
57.1
57.6
55.7
57.6
56.2
51.0
55.0
50.4
49.9
49.6
54.5

67.6
71.3
72.9
73.9
71.1
67.1
65.3
64.7
55.2
55.3
62.9

43.1
56.3
60.5
62.8
65.8
57.3
51.1
49.2
43.9
44.2
44.8
49.0

122.1

121.4
120.2
118.4
115.7
114. 7
111. 7
100.8
112.2
112.2

82.7
85.4
85.6
86. 2
86. 5
86.4
87.1
85.9
85.6
81.9
83.3

90.3
95.1
95.8
94.0
94.0
94. 2
95.1
96.1
94.1
93.0
85.7
91.3

80.6
81.8
81.6
78.8
78. 3
78.9
78.7
76.2
77.4
75. 7
76.2
78.1

89.1
90.0
83.8
84.4
85.1
84.8
79.5
78.9
80. 5
80.0

88.6

81.7
91.8
94. 3
99. 5
99.1
98. 9
103.3
105.1
103.0
94.9
94.3

86.6

111.2
6

102.4
94.5
82.8
90.7
88.6
91.9
94.7
104.3
107.1
119.7
98.0
83.6

84.1
92.7
95.9
96.8
96.8
92.4
86.4
88.2
85.0
82.9
75. 6
77.5

86.0

88.1

86.7
85.4
85.2
80.5
79.3
78.9
75.1
73.0
73.2
70.3
72.5
73.8

70.4
69.3

66.6
66.1
66.1

64.1
57.5
53.7
51.1
52.3
52.8
50.3

68.6

69.2
94.2
101.7
105.1
105.6
90.1
85.7
90.9
85.4
87.9
78.1
83.2
80.7
97.2
104.7
108.5
103.5
100.4
109.5
109.0
111.7
96.3
95.4

102.6

122.2

88.0
88.0

41

CHAP. 4.----RESULTS OF REVISION
T a b l e 8 . — Indexes

of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average, 1923-25=100]
Machinery, not including transportation equipment—Continued

19321
January.. _ _ _ __
February---------------March. _ _________
A p r il.---- ---------May. _____ — ...
June...
. .
July_______________
August------------------September___
October----- ---------November___ ... .
December______
19331
January-----------------February__________
March_____________
April____ _______
May______________
June_______________
July_______________
August_____ _____
September_______ _
October.__ ------- ...
November___ _
December___ ____
1

Machine tools

Radios and Textile machin­ Typewriters
phonographs ery and parts and supplies

Group index

Em­
ploy­
ment

Month and year

Transporta­
tion equip­
ment—Contd.

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Em­
ploy­ Pay
ment rolls

41.7 114.1
41.3 105.7
36.2 93.9
31.9 84.0
26.5 89.6
24.4 93.7
21.4 91.6
20.3 92.4
21. 2
100.0
20.5 117.2
22.0
113.9
22.5 103.3

83.2
70.0
58.2
52.7
61.1
61.5
54.4
51.1
64.1
71.6
66.5
58.0

58.8
59.4
57.1
53.0
48.4
44.9
35.9
42.6
45.2
46.3
45.7
46.9

53.4
52.2
47.5
41.0
31.6
25.7
20.3
27.2
30.9
31.9
30.3
32.5

70.8
68.9
68.3
67.6
65.4
56.3
54.7
38.9
53.4
53.5
56.7
49.5

45.6
47.6
45.1
42.9
37.7
31.2
28.5
21.3
28.7
29.9
32.2
31.6

64.7
67.1
65.6
61.7
61.7
61.0
58.8
52.4
46.7
41.1
43.9
47.5

47.8
51.8
51.3
48.2
52.3
46.3
43.1
33.7
25.1
26.6
29.5
33.2

47.9
51.9
47.9
57.4
71.0
74.6
63.5
84.2
104.1
142.8
150.5
128.4

47.1
47.6
46.0
44.3
46.8
54.0
63.0
75.9
78.5
77.8
77.4
74.9

31.7
30.7
27.4
26.6
31.4
44.3
55.3
61.7
64.9
65.1
63.9
60.6

54.8
51.3
49.8
50.0
52.7
51.6
55.2
66.5
72.8
77.6
83.8
85.7

32.2
29.3
27.0
25.9
29.9
31.2
35.9
48.9
54.2
60.3
64.2
69.8

51.4
50.3
45.2
45.3
48.8
51.7
58.3
61.6
64.3
59.1
53.5
61.1

35.8
32.1
27.8
31.9
38.7
40.6
43.5
49.7
48.2
43.3
38.6
43.7

53.8
53.3
50.3
45.7
40.0
38.8
34.6
32.1
34.1
33.3
34.3
35.3

Pay
rolls

35.6 23.5
34.8 22.5
30.8 17.8
30.3 17.6
31.3 - 18.6
35.1 24.2
37.5 26.3
44.0 30.6
50.2 36.0
54.0 39.6
57.7 43.2
58.9 45.0

84.9
90.6
89.6
98.6
119.0
135.0
138.0
158.7
195.9
238.2
248.3
219.4

Data subject to revision when census figures for 1933 become available.




Pay
rolls

42

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Transportation equipment—Continued
Month and year

Aircraft
Em­
ploy­
ment

Pay
rolls

Cars, electricAutomobiles and steam-rail­ Locomotives
road

Shipbuilding

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

1923_______________ 103.6 103. 4 100. 6 100.6 126. 9 128. 7
1924_______________ 100.0 100. 0 93.6 90. 6 93.8 94.3
96.4 96.6 105. 8 108. 8 79. 3 77.0
1925___ ________
1926_______________
104.8 104.8 75.0 70.9
1927._ _____
157.9 156.8 91.9 93. 3 59.9 60. 4
108.1 113.9 48. 4 48.2
1928_______________
1929. ____
525.2 501.5 111. 3 111. 6 63.1 63.1
1930_______________
80.3 65. 7 54. 7 53.2
1931_______________ 353.1 354.8 71.0 53.4 29.6 25.4
19321_____
253. 7 251.0 60.8 42. 3 26. 3 23. 5
1933 1_________
298.5 269.5 59.8 42.8 25.4 20. 5
1923
January____ ______
87.1 76.0 125. 7 105. 7
February. __ _ _
95.0 91.9 129.3 118.7
March___ _ __ ___
99.2 100. 2 132. 5 130.8
April
_ _______
103. 5 105. 5 127. 4 123.9
M ay___ _ _____
105.0 107.5 127.9 132.6
June__ _ __________
104.6 101.9 129.4 135.2
99.2 126.0 129.9
July_______________
101.2
August... ____ _
100.3 102.0 130.3 134. 4
September. _ ______
101.4 99.0 126.8 134.2
October____ ___
103.1 110. 3 126.5 138.9
November______
103. 5 110. 2 127. 6 138. 9
December______ _ .
103.0 103.2 112.8 121.2
1924
January___
__
107. 6 92. 3 94. 7 91.4
February ______ .
110.0
115. 4 91. 6 95.1
March_____ _ ___
112. 0
113. 5 89. 6 88.8
April______ _______
107.1 109. 6 96. 0 97.8
M ay_____________
97. 0 97.0 105. 2 104.8
June__________ __
86. 4
79.8 102. 0 105.9
July. ___ _______
82.3 72. 5 100. 9 102. 0
August_____
83.4 78.0 97. 0 99. 7
September.. _
84.1 81. 0 91. 6 90. 5
October ________
85.2 84. 5 86. 5 87. 7
November________
83.1 80. 5 82. 3 78.0
December... _____
85.5 82.5 88. 7 90.4
1925
89. 5 71. 7 92. 7 89.9
January________ ...
February__________
90.7 95.1 96.1 99.9
March______... ...
97. 2 103. 0 97. 6 100. 5
April____________
105. 0 112.6 95.8 94.3
M ay_________ ____
110. 9 118. 1 88.1 88.9
June __________
105. 9 108. 7 83. 7 80. 9
July_______________
105.2 107. 6 79.2 74.4
August___ ______
106. 9 104. 5 76. 0 72.4
September.. _____
111. 5 111. 2 64. 6 58. 3
October______ _ __
118. 6 127. 7 60. 7 56. 9
November. _____
117. 2 128. 2 56. 2 52. 5
December________
111.5 116. 6 61.1 54. 5
1926
January_____
111.6
96. 9 66.3 55.1
February. _ _____
113.8 118.3 72.4 67.1
M a r c h ..______ _
116. 5 121. 4 79. 3 73.3
April____ ________
112. 5 117. 6 88.0 83. 3
M a y ..___ .. -.
107.8 111. 6 90. 7 86. 0
June.. ______ _ ...
105. 7 104. 7 87.6 89.1
July. _____________
96. 8 82. 7 78.1
102.8
T05. 2 108.0 76.7 72.4
August_____ _______
September_____
104. 6 105.1 74.0 67. 2
100.1
October____________
106. 7 65.3 64.0
N ovem ber___ __
91. 5 92.4 59.5 57.9
December__________
85.8 78.1 57.4 56.7
i Data subject to revision when census figures for 1933 become available.




Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls

157. 7
76. 4
65.9
86. 2
66.7
45.4
56.8
52.3
28.0
19.4
15.6

168.1
72. 9
59.0
80.6
57.2
39.6
58.3
51.5
18.1
8.9
5.8

114. 5
93. 2
92.3
97.4
101. 3
79.5
101. 3
107.3
83.0
66. 0
55.4

148. 2 139.3
153.4 152. 4
161.6 157. 6
155.8 157.1
160.7 169. 6
165.7 178.8
171.6 190.2
171.9 185.1
162.1 179. 5
160.5 176. 9
147. 2 166. 2
133.9 164.6

115.0
114.9
123. 0
122.9
119.0
119.8
115. 7
110.1
106.7
108.5
110.3
107.5

104.8
104.4
118.0
121.4
129.4
127.6
113.7
99.8
109.0
106.4
116.1
103.5

98. 7
78.8
71.1
69.4
74.1
81.0
78. 9
69. 9
66. 7
70. 2
76.8
81. 7

92. 5
74. 4
65. 4
67.0
73. 5
82. 2
78.8
61.8
57. 4
63. 6
76. 7
81.6

104. 6
108.1
106.1
103. 3
92. 5
91.8
89. 6
82. 7
81. 7
84. 0
85. 2

103.4
111.0
106.9
107.7
103.5
90.1
91.5
85.7
84.1
79.2
87.0
89.2

70.9
68. 0
69.8
69. 6
63. 4
64. 4
65.3
61.3
59. 6
60. 4
66.3
71.3

65. 6
62.9
65. 4
64. 6
55. 5
58.8
58. 3
49. 7
51. 7
52. 6
58. 3
64. 6

94.6
97.4
99. 3
100. 9
97. 2
92. 6
93. 2
89.8
85. 9
83. 0
84. 7
89.1

81.8
85. 6
86. 8
84.4
86. 4
89.8
88. 2
88.9
83.7
83.2
83.6
92.0

76.4
79. 6
81.1
78. 7
80. 2
84.4
84.6
79.8
77.2
78.7
77.9
88.5

94.3
97.8
98.4
95.8
95. 5
94.9
94.6
93.5
95.0
96.0
102.4

88.6

110.1

112.8

94. 9
92.3
100.9
108.3
85.0
109.7
113.5
76.8
52.5
38.9

94.3
99.0
99.5
101.0
90.0
87.5
90.8
84.6
87.0
82.8
90.1

101.1

95.4
96.2
99.2
100.8
98.4
98.9
97.4
98.6
96.7
105.4
105.5
118.6

43

CHAP. 4 .— BESULTS OF BEVISIOH

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Transportation equipment—Continued
Month and year

Aircraft




56.0
55.7
57.1
66.3
70.6
73.8
68.3
63. 8
60.3
55.6
48.6
42.2

53.8
55.1
56.6
66.3
73.8
74.7
67.0
67.2
58.1
56.7
51.1
44.3

77.1
77.4
75.5
69.9
67.4
67.7
69.1
71.9
68.2
58.2
50.5
47.5

87.5
109. 7
115.4
116.9
121.2
114.2
111.2
123. 7
123.9
128. 5
108.4
105. 6

36.3
40. 7
47.4
53.0
58.6
57.5
58.2
54.3
48. 5
42.6
41. 7
41.9

34.4
38.2
48.7
55.0
61.0
60.3
56. 7
56. 2
48.2
42.2
39.6
38.4

107.3
139.4
139. 7
142.9
137. 5
120.9
99.4
116. 7
108. 5
95. 6
71. 5
59. 5

42.2
47.0
51. 8
62. 0
65.9
67.4
69.1
70. 2
72.4
69. 2
67.0
72.4

81.4
85. 7
87.3
90. 5
92.4
86.8
79.8
75.8
73.4
70.3
69.2
70.6

November______ _
December. _ _ ____
1928

Em­
ploy­
ment

116.5
127.5
129. 0
129.1
127.4
117. 7
114. 6
111. 6
109. 5
97.4
79. 5
75.2

1927
January____________
February__________
April __ ____
M ay_______ _______
June _ _______
July _____________

Pay
rolls

90.0
98.4
105.0
110.9
110.7
110.5
117. 2
120. 5
118.5
107. 5
105.7

Pay
rolls

Em­
ploy­
ment

85.7 65.6
96.7 98.3
100.9 107.7
101.3 110.6
101.3 111.3
95.3 91.6
89.0 87.3
92.4 95.1
89.2 89.5
87.9 93.0
79.6 81. 5
83. 2 88.5

Em­
ploy­
ment

April_____ _______
M a y ._______ _____
June . ____________
July______________
August ____ ______
September. _ ______
October_________ _
November________
December____ ____
1929
January.. _________
February__________
March___________ .
A p ril..____________
May____ ________
June_____ ____ _ July_______________
August. . _______ _
September. _ ___ _
October._ ________ .
November________
December____
1930
January_______ ___
February__________
March_____________
April... _________
M ay. .. . .. ..
June_____________
July_________ __ ..
A u gu st.._________
September.. ______
O ctober.______
November___ _ _.
December.. _______
1931
January-----------------February______ _ ..
M a r c h .._______ .
April---------------------M ay----------------------June_______________
July_______________
August____________
September.. ______
October_____ ______
November_________
December......... ..........

Cars, electricAutomobiles and steam-rail­ Locomotives
road

60.8
76. 7
80.8
84. 2
85.4
75.8
62.4
51.3
55. 2
52. 5
52. 2
51.1

70.4
72.5
76.4
78.3
80.9
76.9
72.2
71.0
70.0
57.7
57.6

38.8
56.7
62.5
65.4
70.0
59.4
52.6
50.7
44.1
44.4
45.6
50.8

Em­
ploy­
ment

102.6

405.8
386.3
392.6
378.9
391.6
411.1
354.7
306.8
315.8
291.1
297.4
304.7

381.9
376.9
419.1
386.4
400.0
426.6
351.8
303.0
307.0
288.4
312.1
304.5

68.0

Pay
rolls

Pay
rolls

Shipbuilding
Em­ Pay
ploy­ rolls
ment

68.2

70.6
67.7
60.3
56.4
52.8
57.1
59.6
60.0
50.1
43.2
40.2

111.1

115.4
115.8
113.1
108.5
104.7
98.0
93.5
90.2
88.7
87.5
88.7

117.0
118.6
123.1
125.2
116.5
109.2
105.7
96.8
92.9
97.1
93.6
103.6

46.5
48.6
48.9
48.2
47.0
48.2
45.7
44.8
42.7
42.0
40.9
41.4

40.2
43.4
42.2
38.8
40.0
44.6
40.5
39.1
39. 7
36.3
34. 5
35.4

85.8
81.2
78. 6
79.9
79.4
78.6
77.1
75. 2
75.4
76.7
79. 4
86.6

95.2
84.9
83.6
88.5
83.5
85.7
82.0
78. 2
80.6
81.3
81.8
95. 2

32.2
44. 7
50. 8
61. 8
67. 2
65.8
67.7
71.1
72.4
72.7
69. 0
82.3

41.5
42.4
48.1
57. 3
63.4
62.2
66.2
64.4
60. 2
60.3
57.7
57.7

38.8
41.8
49. 4
58.9
64. 3
63. 3
68.4
67. 7
64. 5
63. 8
59.4
59.3

90.4
90. 7
97. 2
103. 5
104. 4
103. 3
103. 3
101. 0
101. 7
101.9
106. 6
111. 1

95. 3
97.8
104. 6
111. 6
113. 8
115. 0
111. 5
105. 9
112.1
111.3
115. 5
122.3

73.3
70.9
67.2
67.9
64.5
57.4
55.4
52.1
47. 5
39.8
29.6
30.8

69. 8
74.2
69. 0
70. 6
63.9
57.3
51.0
49. 8
43.1
35.1
27.0
27.2

56. 5
57.4
58. 5
60. 3
60.4
61.3
56. 0
50.1
47. 3
42. 7
39.3
37.7

59. 2 116. 0
60. 7 115. 4
62.6 113. 6
64. 4 115.1
62.8 111. 0
61.0 109. 8
52. 4 105. 0
47.4 105. 5
44. 2 104.6
36. 2 101. 4
33.9 94. 8
32.9 95.0

121.7
124. 8
124.4
124. 8
123. 6
116. 5
110.1
111. 0
107. 0
100. 7
98. 7
98.6

31.8
31.2
32.0
32.7
28.1
29.3
29.1
29.9
29.8
27.6
26.2
27.0

27.5
27.3
27.3
28.2
23.7
24.5
23.8
25.4
26.1
24.3
23.2
23.9

30.3
31.0
33.5
32.1
29.5
28.6
28.2
26.6
25.3
23.7
23.1
23.8

19.6
21.3
25.0
23.8
21.1
20.5
18.8
16.2
15.1
12.7
11.4

90.9
88.0
83.4
85.4
86.5
78.9
72.4
69.2
64.4
68.4
65.8
68.4

12.1

93.3
89.6
86.4

88.6
86.0

85.3
81.8
75.6
76.7
75.5
78.3
78.4

44

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average, 1923-25=100]
Transportation equipment—Continued
Month and year

Aircraft

Cars, electricAutomobiles and steam-rail­ Locomotives
road

Shipbuilding
Em­
ploy­ Pay
ment rolls

Em­
ploy­
ment
19321
January-----------------February. _ ----------March_____________
April______________
M ay------- -----------June.. ....................
July_______________
August----------------- September_________
October-----------------November_________
December__________
19331
January-------------February_________
March_____________
April---------------------M ay-------------------June--------------------July_______________
August... ---------- -September_________
October-----------------November_____
December. . _ _ _
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

295. 3
290. 5
297. 4
277. 4
269. 5
254. 7
233. 7
221. 1
208. 9
215. 8
237. 4
242. 6

292. 0
284. 9
293. 0
273. 4
258. 3
253. 3
226. 6
229. 1
209. 0
217. 6
232. 7
241. 7

71.5
74.1
71.9
66.4
67.3
67.3
65.3
57.4
49.9
42.0
45.8
50.9

50.4
55.0
54.2
49.8
56.7
49.8
46.0
34.6
23.4
24.8
29.2
33.8

27.7
29.6
28.6
26.7
24.7
25.6
24.2
25.1
27.4
27.4
26.0

236. 3
240. 5
254. 2
267. 4
316. 8
325. 3
325. 3
313. 2
308. 9
320. 0
337. 4
336. 3

226. 6
234. 7
246. 7
257. 3
290. 5
291. 5
279. 4
282. 4
259. 3
278. 4
299. 0
288. 4

57.0
56.1
49.5
50.1
53.9
58.2
65.9
68.7
71.6
64.2
56.6
66. 1

38.5
34.2
28.7
34.3
42.9
45.9
48.8
55.7
53.1
46.1
39. 6
46.0

22.8

23.4
22.4
22.4
22.6
22.8

19.8
24.7
29.4
28.5
27.9
28. 5
31.8

Pay
rolls

Em­
ploy­
ment

19.8
26.4
28.5
27.2
25.0
21.7
22.0
21.4
21.4
23.9
22.6
22.4

23.0
23.3
22.8
23.6
22.3
19.9
18.4
17.6
16.0
15.2
15.6
15.3

19.3
17.3
17.7
18.5
17.9
14.5
18.1
24. 2.
23.1
24.2
24. 4
27. 2

14.0
13.0
11.4
11.0
10.9
11.7
13.1
17.5
18.6
22.6
22.4
20.7

Data subject to revision when census figures for 1933 become available.




Pay
rolls

6.1
6.1
6.2
6.1

75.3
75.2
74.1
76.1
72.6
70.1
63.6
59.7
57.5
56.5
55.7
55.7

65.4
63.9
60.6
66.0
57.3
54.3
52. 3
43.1
42.4
43.0
39.4
42.3

5.4
4.9
4.2
3.9
4.0
4.4
5.3
5.9
6.6
8.5
8.7
7.8

54.2
51.1
48.2
44.4
47.5
48.0
52.3
57.5
64.2
66.1
63.5
67.3

37.7
35.7
32.5
30.1
32.5
32.5
36.2
40.0
45.9
47.5
46.8
49. 4

11.2

11.5
11.7
11.9
11.0
9.2
7.8
7.5

45

CHAP. 4.— RESULTS OE REVISION

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

T able

[3-year average, 1923-25=100]
Nonferrous metals and their
products

Railroad repair shops
Month and year

Group index Electric railroad Steam railroad
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Group index

Aluminum
manufactures

Em­
ploy­
ment

Em­ Pay
ploy­ rolls
ment

1923_______________ 108.6 109.6 104.0 101.5 108.9 110.2 105.4
1924_______________ 96.4 95.6 99.1 98.8 96.3 95.5 96.7
1925_______________ 95.0 94.8 96.9 99.7 94.8 94.3 97.9
1926__________ _____ 95.5 96.1 96.5 100.4 95. 4 95.7
1927_______________ 89.0 92.0 94.1 99.8 88.6 91.4 96.5
1928_______________ 83. 8 87. 2 89. 6 97. 9 83.3 86. 3
1929_______________ 82.6 90.4 87.8 97.2 82.2 89.8 111.4
1930_______________ 73. 4 76.1 85.8 93.0 72.4 74.8
1931_______________ 64.1 61.7 79.3 80.2 62.9 60.4 74.0
19321_______________ 53.4 42.7 71.7 64.3 52.0 41.2 58.1
19331_______________ 52.0 41.7 66.3 55.1 50.9 40.8 62.0
1923
January____________ 110.5 108.1 101.7 99.2 111.1 108.8
February_______ ... 105. 2 101. 9 102.3 99.8 105.4 102.1
March_____ ______ 106. 4 105.8 103. 4 100. 9 106. 6 106. 2
A p ril..__________ 106. 2 108. 0 104. 0 101. 6 106. 3 108.4
M ay_______________ 106. 9 110. 4 103. 3 100.8 107.1 111. 1
June_____ ___ 110. 3 114. 8 104.3 101.8 110.8 115. 8
July____ _____ _
110. 4 111. 1 104.8 100. 5 110.8 111.9
August_____ _ -_ - 111.8 113. 3 105.4 103.0 112.2 114.1
September.. ___ _ _ 111. 1 109. 8 106.2 99.9 111. 4 110.5
October. _ ______ _ _ 111. 5 115. 6 104.3 102.3 112.0 116. 6
November___ _ .. 108.8 111.6 104.7 104.3 109.1 112.1
December__________ 104.3 104.8 103. 5 103. 5 104. 4 104.9
1924
January. . ____... 101. o 95. 7 101.8 101. 2 101.0 95.2
February__________ 98. 0 97. 6 100. 4 100.3 97.9 97.5
March________
97. 6 98. 4 100. 6 101. 6 97.4 98.3
April____ _________ 97. 4 99. 9 100. 3 101.0 97.1 99.9
M ay. . . . . . .
94. 9 96. 0 99. 5 99. 0 94. 7 95.8
June______ ... __ . 93. 8 95. 6 98.9 98.9 93. 5 95. 3
July_______________ 93. 4 86. 2 98.1 93.1 93.1 85. 9
August_______ _____ 93.5 90. 5 97. 7 97. 5 93. 2 90. 0
September____
95. 0 91. 0 96. 7 95. 3 95. 0 90.7
October_______ ____ 97. 7 99. 6 98. 6 97. 3 97. 5 99. 8
November. _ _______ 97. 8 98. 4 98. 6 99. 2 97. 6 98. 3
December__________ 97. 2 98.8 98. 5 101. 7 97. 0 98. 7
1925
January__ __ _____ 95. 9 92. 0 96. 9 98. 2 95. 6 91. 5
February__________ 96. 0 99. 8 97. 3 101. o 95. 8 99. 6
M arch.. __ _____ _ 96. 0 100.1 97. 9 102. 7 95. 7 99.8
April... _________ 95. 2 95.8 98. 0 101. 3 94. 9 95. 2
M ay. _____
92.1 92. 7 97. 3 100. 4 91. 6 92. 0
June_________ _ _ 92. 8 92.6 97.9 99. 5 92. 4 92. 0
July___
____ ._
93. 3 89. 4 95. 6 97. 0 93. 0 88.8
August..
. .. _ 93. 7 91. 0 92. 4 94. 8 93. 8 90. 7
September___ __ ._ 95. 5 90.1 95. 6 94.8 95. 3 89. 7
October___________ 95. 7 95. 7 97. 3 98.3 95. 5 95. 4
November
96. 2 99. 3 97.9 104. 0 96. 0 98.8
Decem ber.________ 97.5 99. 0 98.6 104. 2 97. 4 98. 6
1926
January. _ ________ 96. 4 91.8 97.8 98.4 96. 2 91.2
February _ ______ 96. 6 96. 3 97. 4 102.9 96. 5 95. 7
M arch.. __________ 96.8 97.8 97. 5 102. 7 96. 6 97. 4
April___ __________ 96. 2 96.9 97.6 102.2 96.0 96.5
M ay________ _
95. 4 95.8 97. 2 101.1 95. 2 95. 2
June__________ ____ 94. 4 96. 2 95.8 100. 9 94. 2 95. 8
July. . . . .
. .. 94.1 91. 0 95. 7 97. 7 93. 9 90. 5
August.. ._ .. ____ 94. 5 96. 7 95. 3 99.9 94.3 96. 4
September __ _ ._ 95.3 93. 0 95. 2 97. 3 95. 2 92. 6
October___________ 95. 7 99. 0 95.9 98.3 95.6 99.0
November___ ______ 95.8 99. 0 95.9 101.0 95. 7 98. 8
December_______ .. 95.3 99.5 96.6 102.9 95.2 99.1
1 Data subject to revision when census figures for 1933 become available.
91911°—35---- 4




Pay
rolls
103.7
95.9
100.4
100.5
116.4
63.1
39.1
41.5

106.3
93.7
96.6
138.4
90.2
64.3
71.8

100.0

100.2
100.0

99.8
105.5
150.0
81.3
42.1
50.9

46

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Nonferrous metals and their
products—Continued

Railroad repair shops—Continued
Month and year

Group index Electric railroad Steam railroad
Em­
ploy­
ment

1927
January________ ___
February__________
March____________
April__ _____ ___
M a y ___
__
June __ __ _ .
.
July_______________
August______ ____
September_________
October
N ovem ber.____ .
December____
1928
January _
February.
March............ _ _
April... _____ _ ...
M ay_________ __
June................. ...
July
August _ _
September. _.
October
November_________
December.____ _ __
1929
January_______ ____
February. _ . . .
March____
_ _
A p ril.___
M ay_____________
June___. . . . .
July______
August.
September____. . .
October. __ . . .
November___ ___ _
December.
1930
January________ ...
February__________
March__________
April_____ _____ _
May______ _____ _
June___________
July______ _______
August____________
September.. _____
October___________
November___ _ ...
December__________
1931
January-------------- _
February__________
M arch.. . ______
April______________
M ay_______________
June______________
J u ly ______________
August____________
September_________
October____. . . -----November_________
December...................




Pay
rolls

Em­
ploy­
ment

92.6
92.2
90.5
89.1
88.5
88. 4
88.7
87.9
87.9
88.1
87.0
86. 5

91.9
97.0
94.4
93.5
94.0
92.0
88.2
91.1
88.6
91.6
91.4
90.7

95.6
96.0
96.4
95.9
93.8
94.5
94.6
94.4
93.6
92.0
90.6
91.7

85. 5
84.4
84. 2
84.0
83.4
83.9
82. 5
82.8
83.4
83. 8
83.9
83.6

86.3
88.9
89.5
89.1
87.4
88.0
83.0
83.6
83.1
89.4
89.1

91.9
92.4
92.2
91.5
90.7
89.8
88.8
88. 2
87.5
87.9
87.7
86.5

82.5
83.0
83. 2
83.0
82.9
82.5
82.2
82.6
82.3
83.2
82.6
81.1

82.7
88.9
91.8
92.5
93.2
90.8
87.0
91.0
89.5
93.1
92.5
91.9

86.8

79.1
77.9
76.8
76.0
76.1
75.1
71.5
70.9
70.9

68.8
68.8
68.6

82.9
84.1
82.7
82.6
81.6
79.5
70.9
72. 7
70.1
69.2
67.5
69.5

69.1
68.8
67.5
66.9
66.2
64.7
62.9
62.2
61.5
60.7
59.5
59.0

65.4
69.4
68.1
67.9
66.2
63.7
59.7
58.7
56.1
55.7
55.4
54.2

88.8

Pay
rolls

Em­
ploy­
ment

99.4
102.3
101.6
101.7
101.6
97.8
99.1
97.6
96.7
97.9
101.7

92.4
91.9
90.1

100.0

88.6
88.1
88.0
88 2

.
87.4
87.5
87.8
86. 7

86.0

Pay
rolls

Group index

Aluminum
manufactures

Em­
ploy­
ment

Em­ Pay
ploy­ rolls
ment

Pay
rolls

91.2
96.7
93. 7
92.8
93.4
91. 2
87.4
90.5
87.9
91.1
90.8
89.8

98.4
96.4
96.6
93.1
96.9
95.9
95.0

85.0
83.8
83.6
83.4
82.8
83.4
82.0
82.4
83.1
83. 5
83.6
83.3

85.2
88.1
88. 5
88.1
86.3
87.2
81.9
82.6
82.3
88. 8
88.5

93.9
94.4
97.9
97.8
98.8
97.1
96.9
97. 7
96.7
98.1
97.6
99.4

82.2
82.7
82.7
82.7
82.4
82.2
81.7
82.1
81.9
82.8
82.1
80.6

81.9
88.4
91.3
92.0
92.7
90.2
86.2
90.5
88.9
92.7
92.0
91.2

87.9
87.6
87.1
87.7
87.3
86.6
85.3
84.5
84.5
84.5
84.6
82.3

97.5
95.8
97.5
98.0
96.9
97.0
91.4
90.1
87.9
87.9

78.5
77.2
76.0
75.1
75.2
74.2
70.5
69.8
69.9
67.6
67.5
67.5

81.8
83.2
81.6
81.4
80.3
78.1
69.3
71.3
68.7
67.8
66.0
68.3

81.7
81.9
82.0
81.7
81.2
80.2
78.4
76.8
76.9
76.6
77.0
76.6

83.8
85.1
86.4
85.1
83.7
81.9
78.4
75.4
74.0
75.0
76.7
76.6

86.6
86.6

89.7
87.2
89.3
86. 5
88.6
89.0
87.5
87.9
88.3

100.1

98.9

102.1
101.0
100.8

88.6
86.8

68.2

67.8
66.4
65.7
65.1
63.5
61.8
61.1
60.4
59.5
58.1
57.7

88.2

64.1
68.3
66.8
66.7
65.0
62.4
58.3
57.5
54,9
54.4
53.9
52.7

78.3
79.2
79.0
78.2
76.4
74.9
72.8
70.6
71.3
70.5
68.8
67.4

68.7
72.3
74.0
71.8
68.6
65.2
57.7
57.6
57.7
57.0
53.9
52.5

98.1
104.2
104.7
101.7
99.6
98.5
78.7
76.5
75.5
71.3
71.1

102.6

84.4
106.6
108.7
106.7
95.8
91.0
86.4
66.7
65.2
54.7
52.6
56.2

47

CHAP. 4.----RESULTS OF REVISION

8 . — Indexes of employment and pay rollc in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Nonferrous metals and their
products—Continued

Railroad repair shops—Continued
Month and year

Group index Electric railroad Steam railroad
Em­
ploy­
ment

19321
January—. ----------February. ________
March._ . . . ____ _
April... __________
May. . ___________
J u n e ..____________
July_______________
August____________
Septem ber..______
October___ ______
November____ _____
December________
19331
January____________
February__________
March.. ________ _
April______________
M ay.. ___ _____
June___________ ..
July_______________
August__ ____ ..
September_________
October______ _ ..
November_________
December.. . ... ...
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Aluminum
manufactures

Em­
ploy­
ment

Em­ Pay
ploy­ rolls
ment

Pay
rolls

55.4
56.1
56.4
57.0
55.3
51.9
50.7
48.2
50.0
52.3
54.0
53.3

48.5
46.6
46.8
47.3
47.2
41.8
37.3
36.0
36.5
39.5
42.8
42.6

76.3
75.4
74.4
74.3
72.9
72.3
71.0
69.4
69.3
68.2
68.3
68.7

73.2
70.8
71.4
70.2
67.9
66.2
62.0
59.3
58.3
56.3
57.0
59.2

53.8
54.6
55.1
55.6
54.0
50.5
49.1
46.6
48.5
51.1
52.9
52.1

46.7
44.8
45.1
45.6
45.7
40.1
35.6
34.3
35.0
38.4
41.8
41.4

64.1
64.9
63.9
61.0
58.1
56.2
50.2
52.9
55.3
56.9
57.6
55.9

47.3
48.5
45.5
41.9
38.2
36.0
30.8
32.2
35.7
39.1
38.3
35.6

70.8
71.5
72.0
68.4
63.0
60.5
57.6
60.1
61.6
61.9
62.6
61.6

55.3
56.1
47.2
45.0
38.2
34.2
31.2
33.6
36.9
42.1
43.6
41.4

51.7
50.8
50.6
48.1
49.7
48.4
51.7
54.2
55.1
55.0
54.8
53.5

39.2
39.2
38.1
36.2
38.9
38.1
40.0
45.9
45.3
48.9
46.1
44.7

68.3
67.7
67.1

57.4
57.0
56.6
54.0
55.5
54.1
52.9
53.4
53.0
54.2
56.2
56.8

50.5
49.5
49.4
46.8
48.5
47.1
50.7
53.3
54.3
54.1
53.9
52.5

37.8
37.9
36.7
35.0
37.7
36.9
39.1
45.5
44.8
48.6
45.5
43.8

52.2
53.2
50.8
51.9
54.1
58.4
61.7
69.2
74.3
75.6
72.6
69.8

31.5
32.0
29.1
30.5
35.3
40.0
43.1
48.3
51.6
53.8
52.4
50.2

60.7
62.0
61.8
62.3
64.0
67.7
72.3
80.3
84.5
83.2
81.7
80.9

40.0
42.1
40.8
39.9
45.0
50.4
53.1
59.2
59.5
62.2
60.1
58.5

66.6
66.2

65.6
65.2
64.7
65.1
65.8
66.6
66.7

Data subject to revision when census figures for 1933 become available.




Group index

48

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1928 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Nonferrous metals and their products—Continued
Month and year

Clocks
Brass, bronze, watchesand
and
and copper time-recording
products
devices
Em­
ploy­
ment

Jewelry

Em­
ploy­
ment

Pay
rolls

1923_______________ 103.4 101.3 97.6 95.7 105.1 105.9 101.3
1924_______________ 96.6 95.6 100.0 100.0 99.8 91.8 100.0
1925_______________ 100.0 103.1 102.4 104.3 95.1 102.3 98.7
1926_______________ 102. 7 107.4
1927__________
101. 2
104. 7 102.9 108.1 96.2 106.9 92.9
1928_______________ 107.3 115.6
1929__________ _
121. 5 128.3 98.2 102.2 111.4 113.3 104.2
1930_______________ 96.6 88.7
1931__________ _
74.9 60.3 74.3 62.2 74.1 65.6 65.3
19321_________ _
57.8 35.8 54. 5 35. 4 57. 6 43. 5 49. 5
19331______________ 64.1 41.3 51.7 34.4 55.5 39.6 51.4
1923
January____ __ ___ 100.6 91.5
February___ ___ 105.0 97.6
March__ ___
_ __ 106.9 104.0
April_____ __
108.5 109.6
M a y .._____ ____ 106.9 109.9
June______ ______ 106.3 107.4
July_______________ 103.9 104.5
August____________ 104.0 99.4
September________ 100.2 97.4
October___. . . _____ 98.9 96.9
99.1 97.4
November____ . . .
December. ______ 100.0 100. 3
1924
January_______ _ __ 100.1 99.2
February______ ____ 103.4 104.4
M arch.. ____ ___ 103. 2 106. 4
April___ ___... __ 102.9 102.3
M ay... _____ _ _ 100. 5 98. 6
June_______________ 95.7 91.4
July_______________ 89.9 82.3
August... ____ . 87.8 84.6
September. ______ _ 89.9 89.1
October___ _ . .. __ 92.8 92.0
November___ __ __ 94.8 95.5
December___... ...
98.5 101.9
1925
January______ _____ 98.9 103.1
February___ _ ... 99.9 104.2
March_____________ 100.6 104.5
April______ ______ 98.9 98.6
M ay____________ _ 100.0 103. 6
June____ .. ._ ... 99.8 102.4
July_______________ 100.1 101.9
August__________ . 99.5 104.9
September.. ._ _ __ 99.4 97. 7
October. _____ ... 99.9 101. 5
November______
100.9 105.1
December. _ .. _ ... 102.3 109.2
1926
January____ _____ _ 102.7 107.1
February......... .......... 104.6 108.7
March___________ _ 105.8 112.2
April_____________ 104.0 110.0
M a y .___________ _ 103.0 109.0
June______ ______ 101.6 106.8
July_______________ 99.8 102.4
August_______ . . . 100.5 104. 5
September____ _ . 102.7 103.9
October. _________ 102.2 108.0
November_______ . 102.7 107.6
December.._______ _ 102.8 108.9
i Data subject to revision when census figures for 1933 become available.

96.7
100.0
103.3
97.3




Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Lighting
equipment

Pay
rolls

110.6

60.4
38.8
38.7

Silverware
and plated
ware
Em­ Pay
ploy­ rolls
ment
100.6
100.0

99.4
98.4
92.6
65. 3
54. 3
55.6

98.1
ioo!o
101.9
102.3
96.5
54.3
37.2
36.2

______ 1______

49

CHAP. 4.----RESULTS OF REVISION

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

T able

[3-year average 1923-25=100]
Nonferrous metals and their products—Continued
Month and year

Clocks
Brass, bronze, watches and
and
and copper time-recording
products
devices
Em­
ploy­
ment

1927
January _ _____ February
_ __
March. _ _ ______
April__
_______
May_______ _____ June____________ July_______________
August_______ September_________
October____________
November_________
December...................
1928
January____________
February.....................
M arch.. ________ _
April______________
M ay_______________
June.. _________ _
July______________
August___ _____ ___
September_________
October. ____ ______
November_______
December__________
1929
January__________
February___ ______
March___________ _
April___ ___ ___ _
May______________
June_______________
July_______________
August— _____ __
September. ______
October_____ ______
November____ _ .
December____ _ ...
1930
January_________
February_____
March_____________
April___ ____ _____
May_____ ____
June____________ .
July_______________
August____________
September ___
October____ _____
November______- December__________
1931
January____________
February__________
March-------------------April---------------------M ay_______________
June----- ------------July_______________
August------- --------September________
October-----------------November------ -------December_____ ____




Pay
rolls

101.9
103.6
103.8
104.4
101.5
100.7
101.9
100.4
99.0
97.3
97.7

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Silverware
and plated
ware
Em­ Pay
ploy­ rolls
ment

102.7
106.5
107.3
108.7
111.9
111.9
109.5
116.7
119.9
128.1
130.6
133.6

119.0
123.3
124.9
126.6
124.4
123.0
121.5

Pay
rolls

Lighting
equipment

106.7
108.1
110.5
103.6
109.6
106.2
101.8
103.0
101.4
101.3
99.6
104.1

97.0
101.3
103.9
104.5
105.5
106.7
108.7
110.8
113.6
116.9
118.6

Em­
ploy­
ment

Jewelry

129.7
136.3
139.9
140.3
135.9
130.2
125.2
126.6
126.1
126.8
113.1

102.6

100.0

121.6
121.0

121.4
117.1
114.3

110.0

109.0
106.7
105.0
103.0
100.6
98.9
95.4
92.5
89.1
87.6
86.3
85.3

104.1
105.1
101.7
99.0
94.5
94.6
83.1
79.6
77.8
76.9
73.7
74.2

81.8
80.8
81.4
79.7
79.1
76.3
74.1
71.0
70.8
69.0
67.7

68.9
69.3
71.6
69.8
68.5
63.0
57.8
54.8
51.9
50.6
49.3
48.4

66.8

77.2
76.8
76.2
75.1
72.7
69.7
70.6
70.3
74.8
75.7
77.3
75.0

69.6
69.5
68.4
63.0
59.7
57.8
55.4
58.6
63.8
64.2
62.8
53.2

76.4
78.6
76.8
76.1
73.5
72.5
71.2
72.4
76.6
76.2
71.8
67.1

71.4
67.2
71.8
68.8
65.6
63.9
53.3
62.2
67.7
68.8
63.3
62.7

68.5
68.3
67.9
67.9
66.6
65.8
64.4
64.7
64.7
62.2
62.5
60.6

66.3
63.6
64.7
64.7
63.1
62.6
60.1
58.2
57.7
56.0
54.0
53.8

68.3
70.2
70.3
66.9
66.3
66.5
61.9
62.6
62.7
62.8
62.5
62.0

53.8
61.9
63.0
60.4
55.8
52.3
47.1
50.4
52.9
56.1
47.3
50.0

50

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Nonferrous metals and their products—Continued
Month and year

Clocks
Brass, bronze, watchesand
and
and copper time-recording
products
devices
Em­
ploy­
ment

19321
January____________
February_______
March__________ .
April----- ------------M ay_______________
J u n e ..-----------------July_______________
August____________
September________
October________
November. ______ _
December__________
19331
January... ________
February___ ______
M a rc h ..__________
April______________
May_______________
June.. ----------------July_____________ _
August-------- --------September_________
October_______ ____
November_______ _
December_____ ____

Pay
rolls

65.2
65.1
63.9
60.4
57.7
55.7
53.3
52.9
53.9
54.8
55.7
54.7

46.1
46.1
42.5
38.1
34.9
32.6
30.3
29.5
31.2
33.4
33.0
31.3

52.0
52.1
49.3
51.3
55.2
61.8
69.1
76.2
78.3
77.5
74.8
72.1

28.8
28.1
25.8
28.0
35.7
42.6
48.8
52.9
54.0
52.5
49.4
49.0

Em­
ploy­
ment

Pay
rolls

Jewelry
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Silverware
and plated
ware
Em­ Pay
ploy­ rolls
ment

66.5
63.2
58.0
54.3
51.7
37.2
50.6
48.7
50.6
52.8
52.7

44.7
44.9
39.1
38.3
31.7
30.8
22.5
31.3
31.8
37.2
38.4
33.6

60.8
63.9
63.1
59.2
54.1
52.2
45.2
51.7
59.4
64.1
62.2
54.7

52.3
54.3
50.1
43.8
38.0
35.9
30.7
34.4
43.8
51.2
45.8
42.1

56.7
55.8
54.6
53.2
50.2
50.1
35.3
44.3
46.3
48.8
49.4
49.2

46.5
46.2
45.4
42.1
39.4
39.8
26.9
32.5
35.4
36.7
38.1
36.6

56.4
57.2
56.7
56.0
54.4
53.2
46.8
50.5
53.1
56.0
56.2
54.6

40.4
42.8
42.8
39.8
35.9
33.4
29.2
31.2
34.8
41.8
39.8
34.7

47.4
46.1
42.4
40.8
43.3
48.5
49.3
55.8
60.5
63.9
64.0
58.3

27.3
26.5
19.6
19.7
23.2
28.3
33.1
39.2
45.8
51.8
52.8
46.0

48.2
50.7
48.4
48.2
49.3
52.4
49.9
58.5
65.9
69.6
64.9
59.4

32.9
33.1
30.0
31.4
33.6
35.9
34.5
40.8
49.0
54.3
51.8
47.3

45.8
44.3
40.8
42.3
44.3
47.4
50.2
55.5
60.1
61.6
62.6
62.4

33.4
31.7
27.5
28.8
32.9
37.6
39.0
42.0
46.0
46.7
48.8
50.2

48.4
51.5
50.9
49.8
51.8
52.8
44.3
49.9
61.9
67.9
70.7
67.2

27.5
29.1
28.6
27.8
32.1
33.9
28.8
32.9
42.2
50.6
52.1
48.6

68.1

i Data subject to revision when census figures for 1933 become available




Lighting
equipment

51

CHAP. 4.— RESULTS OP REVISION

T a b l e 8 . — Indexes o f employment and pay rolls in manufacturing industries, by

years 1923 to 1933, and by months January 1923 to December 1933— Continued
[3-year average 1923-25=100]
Nonferrous metals and their
products—Continued

1923...............................
1924_______________
1925______ ____ ____
1926
..................
1927________________
1928 _______ ______
1929— ............— .........
1930__________ _____
1931...............................
1932l. _.....................—
1933 L ...........................
1923
January____________
February____ ____
March. T__________
A p r il...______ ____
M ay_______________
June._____ _________
July______ _________
A u g u st..._______ September __ _______
October. __ ________
November. _______
December__________
1924
January. _ ________
February___ ______
M arch.. _ ______
April______________
M ay______________
June___ _________
July___ ___________
August _ ______
September.
___
October __________
November_________
December__________
1925
January.. ............. .....
February____ ______
March____________
April______________
M ay. .. __________
June_______________
July_______________
August.
_______
September___ ____
October____________
November____ _____
December__________
1926
January _ _______
February__ ___
March_____________
April________ ______
M ay_______________
June_______________
July_______________
August_____________
September_________
October____________
Novftmhfir
December....................

Smelting and
refiningcopper, lead,
and zinc

Stamped and
enameled ware

Em­
ploy­
ment

Month and year

Em­
ploy­
ment

102.8
100.0

97.2
89.9
91.3
54.4
45.3
50.7

Pay
rolls
103.2
96.8
90.4
99.4
45.9
27.3
29.2

100.0

Pay
rolls

Lumber and allied products

Group index

Em­
ploy­
ment
101.5
98.1
100.4
100.4
94.1
92.4
95.4
76.1
56.3
41.1
44.2

95.7
94.2
96.9
93.0
104.1
120.5
106.3
85.4
69.8
76.5

111.2

115.4
117.7
121.7
120.2
117.7
113.1
110.8
102.4
101.0
101.3
98.1

115.2
118.5
127.8
125.9
124.5
119.8
108.5
100.6
96.2
99.2
98.0
100.5

96.2
98.2
99.2
100.7
102.1
103.9
104.5
104.1
103.7
103.1

97.0
113.1
114. 5 117.9
108.0 110.8
100.9 97.5
92.4 85.6
85.8 77.0
85.0 77.4
82.4 79.0
88.5 82.7
87.7 85.3
89.7 89.7

96.9
99.3
99.5
100.4
100.1
97.4
96.0
96.3
97.3
98.6
98.0
97.9

89.2
93.0
97.0
94.1
92.3
91.9
89.2
90.0
92.8
97.8
101.7
101.9

97.5
99.1
98.7
100.2
99.8

110.1

101.2

92.8
96.0
98.3
95.7
108.0
125.6
104.9
76.8
49.0
52.3

102.8
111.2

98.2

100.8
102.8

101.7
97.2
94.8
93.7
94.0
94.5
97.7
95.7
91.3

84.4
93.5
100.3
96.9
94.7
94.1
83.4
92.0
89.8
105.8
107.7
109.3
100.1

107.8
111.2
106.5
96.6
95.5
87.3
91.7
93.3
101.1
95.5
1 93.2

102.2
100.0

100.6
100.0
100.6
102.2

102.7
100.7

102.1

98.1
98.6
99.1

101.0
101.1

101.3

101.0
102.2
101.8
101.8
100.6

98.5

Furniture

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

98.4
102.5
96.7
94.2
97.4
72.6
46.6
25.1
26.4

98.1
96.2
105.7
110.3
108.8
106.7
111.9
89.0
73.7
57.8
61.7

96.9
96.4
106.7
113.4
111.8
107.5
114.0
80.7
59.2
34.8
36.3

96.7
98.8
104.5
102.7
90.7
86.7
84.6
64.4
51.1
35.6
34.5

95.6
99.3
105.1
103.3
90.5
86.1
83.5
61.1
42.0
21.7
19.5

87.3
89.9
94.0
98.1
102.1
104.8
103.7
103.0
103.4
105.1
105.2
102.9

97.5
99.1
99.6
98.9
98.2
97.0
97.2
98.2
97.2
98.5
98.9
97.4

92.4
95.1
97.6
97.8
97.6
95.8
94.8
94.8
96.2
100.8
100.9
98.9

92.2
93.2
95.8
97.4
98.0
99.7
99.9
99.2
96. 7
96.0
95.9
96.5

84.6
86.4
90.5
96.5
98.6
101.0
98.9
97.2
96.6
98.7
99.0
99.6

94.1
101.5
102.5
101.3
99.3
92.5
94.4
97.0
99.7
98.1
99.7

94.9
97.8
98.3
96.9
94.0
90.6
89.7
91.3
95.3
99.3
101.6
104.6

91.7
99.9
99.2
98.2
93.1
89.1
82.9
90.4
95.2
103.1
104.1
109.3

95.5
98.8
100.4

93.2
99.2
104.7
103.3
102.6
96.2
98.7
96.4
99.7
96.0
99.0

93.3
99.5

104.4
106.5
106.8
104.6
101.3
99.7
99.2
102.7
106.0
110.4
113.4
112.9

101.9
107.6
109.2
103.3
100.7
98.3
94.9
102.7
106.5
116. 6
119.8
119.3

Pay
rolls
100.0

101.6

100.8

101.0
100.2
101.1

102. 7
99.4
100.7
103.2
106.9
105.8
105.0
95.7
100.9
101.6
101.9
102.4
103.9
99.1
103.9
105.0
107.4
105.8
102.3

110.0
112.2
112.2
110.1

* Data subject to revision when census figures for 1933 become available.




Lumber, millwork

106.0
104.1
103.8
107.2
112.0
116.2
115.8
114.5

109.5
116.0
116.1
112.4
106.7
105.6
100.3
109.6
115.4
123.0
124.6
121.9

102.1
101.1

99.3
97.1
97. 5
98. 2
98.3
97.4
99.3
98.9

102.0

105.1
106.2
107.3
108.2
107.8
108.5

95.9
101.7
103.5
104.8
105.7
105.7
108.4
104.5
111.2
108.9
109.8

105.6
105.8
106.8
104.4
103.2
102.9
102.7
102.7
101.4
101.0
99.5
96.1

101.9
105.6
107.6
104.1
104.6
105.5
100.8
105.0
101.7
103.7
101.1
97.7

101.1
101.8

103.8

102.8
102.8

101.6

52
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 .— Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

a b l e

[3-year average 1923-25=100]
Nonferrous metals and their
products—Continued

Lumber and allied products--Continued

1927
January..-____ ..
February ________
M arch.T_______
April_____ _______
M!ay__________ ____
June________ ______
July__________
August___ ______
September ______
October. . . . ____
November_______ _
December__________
1928
January__________
February___ ______
M arch.J____ _ ...
April___________ _
M ay. _______ ____
June.. ______ _____
July_______________
A ugust____ ______
September.. ._ .. _
October___________
N ovem ber.___ __
December________
1929
January_______ . ..
February. _ _____
March________ _ _
April......... . . . .
M ay______________
June.. _________
July_______________
August __________
September ______
October_____ __
November___ _____
December__________
1930
January___________
February__ ______
March. ______ ____ _
April_______ ____ .
M ay________ ____ _
June______ _____ _
July. ____________
A ugust.___________
September______ _
October_______ __ _
November. _______
December_______ ._
1931
January-----------------February__________
March_____________
April______________
M ay_______________
June_________ _____
July_______________
A ugust-----------------September_________
October____________
November_________
December......... ..........




Smelting and
refining—
Stamped and
copper, lead, enameled ware
and zinc

Group index

Em­
ploy­
ment

Month and year

Furniture

Lumber, millwork

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

89.2
92.0
96.0
95.2
93.6
92.2
91.6
91.8
92.7
93.7
94.3
93.1

86.3
97.0
102.5
98. 5
98.0
95. 7
91.5
95.7
92.7
97.4
98.0
95.0

94.0
93.3
93.1
93.0
94.0
94.4
94.3
95.4
96.2
95.7
94.4
91.1

92.5
95.0
96.4
95.3
97.9
97.9
94.4
98.1
99.3
100.6
98.2
94.2

109.1
109.5
109.4
106.8
104.8
104.4
104. 5
107.6
111.0
114.0
114.3
110.7

109.2
114.8
115.5
111.9
108.2
106. 0
102. 7
109.8
113. 5
119.2
117.7
113.5

93. 5
92.0
91. 3
92.1
92.0
92.9
92.2
92.2
90. 4
88. 5
86.4
85. 2

89.4
89.5
90.2
92.4
94.2
94.7
91.2
94.7
90.1
89.8
85.5
84.6

95.9
104.6
105. 7
104.1
103.0
105.7
107.3
109. 2
111.6
112.9

85.3
103.3
106.9
108.2
110.3
107.2
100.4
110.1
109.7
116. 2
118.2
120.5

88.4
90.2
91.1
91.2
92.5
91.7
94.1
95.3
95.9
95.9
93.8

85.4
89.7
92.3
92.6
93.9
94.9
92.1
95.5
98.0
100.5
99.4
95.8

106.0
106.9
107.5
104.4
101.0
100.4
100.8
104.6
108.8
113.0
113.9
113.0

101.9
109.4
108.7
102.1
98.6
100.6
96.5
104.6
111.5
119.7
120.2
116.0

83.7
84.1
84.5

88.9
89.1
90.1
88.4
85.9
86. 7
83.9

77.0
81.9
83.6
87.0
89.4
91.3
88.3
89.8
87.5
87.8
85.8
83.8

111. 1
116.0
119.0
121. 7
121.1
120.7
121.2
122.5
122.8
124.8
126.4
119.0

110.9
124.2
128.9
129.4
129.1
127.4
123.9
129.6
127.0
133.2
124.2
119.0

91.3
91.9
92.9
94.8
96.1
97.1
97.9
100.1
99.7
98.2
95.0
90.1

92.2
94.3
97.2
99.3
99.0
98.8
102.1
104.5
104.9
97.4
90.8

109.3
110.7
110.0
108.2
106.8
107.3
110.1
114.7
119.2
121.8
116.9
107.6

107.3
113.2
113.1
111.3
109.2
109.2
106.8
117.9
124.3
131.2
119.6
105.2

84.6
85.0
87.4
88.2
88.9
88.9
88.7
88.4
85.6
81.4
76.0
71.7

79.6
81.8
87.1
88.3
89.0
88.6
86.4
88.9
86.5
83.5
72.9
69.3

107.8
117.8
119.9
116.7
112.8
108.9
105.1
101.0
98.4
98.0
96.6
93.1

Pay
rolls

103.9
118.8
125.4
121.7
112.6
111.7
94.0
96.7
92.1
98.5
93.5
90.1

84.6
82.8
82.7
81.9
80.9
79.1
75.2
73.3
70.8
70.7
67.7
64.0

79.9
79.7
82.3
81.4
80.8
78.4
69.9
68.2
67.4
66.9
60 7
56.1

100.4
98.0
96.2
92.8
89.3
88.0
83.8
8s. 9
8o. 3
86 6
83 3
79.0

93.6
92.4
90.2
85.1
82.2
79.4
71.3
76.3
78.6
80.6
72.1
6 6 .2

70.1
71.2
69.1
68.9
69.1
67.1
64.0
62.0
58.3
58.9
57.6
56.9

64.4
67.6
67.1
67.6
69.4
67.2
59.6
59.2
55.1
54.5
51.2
50.0

87.5
92.3
91.4
92.3
89.3
8 8 .8
85.3
83.6
83.5
80.5
76.3
74.3

74.4
92.3
92.1
91.5
85.6
82.0
71.5
72.6
71.2
67.8
61.6
59.3

59.4
59.4
59.1
59.4
59.5
58.9
56.4
55.7
54.8
53.4
51.4
47.8

48 9
50 9
51.7
50 2
51.2
50.0
47.0
46.4
45.5
43.1
39.1
35.6

75.1
76.3
76.1
7s. 8
74.0
72.9
70.9
73.4
74.5
74.7
72.4
69.6

60.2
65.0
65.5
62.5
61.3
58.2
55.8
58.4
60.1
59.5
53.2
50.9

53.2
54.3
54.4
54.5
55.2
53.4
52.0
51.4
48.0
46.4
46.1
44.8

44.3
46.5
46.9
46.9
48.2
46.3
43.7
42.4
37.5
35.3
3 3 .3
32.8

88.0

101.0

60.6
59.0
57.8
57.5
55.2
54.4
51.3
50.4
50.5
52.8
52.2
51.2

58.1
56.8
59.6
55.0
52.6
49.2
34.2
36.9
36.6
39.5
37.7
34.4

88.1

88.8

Em­
ploy­ Pay
ment rolls

86.6
88.2

53

CHAP. 4.— RESULTS OF REVISION

T a b l e 8 . — Indexes of employment and pay rolls in manufacturing industries, by

years 1923 to 1983, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Nonferrous metals and their
products—Continued

Lumber and allied products—
-Continued

19321
January--------------- -February ________
M arch.. . . . ______
April______________
M ay. . . . _____ ...
June___. . . _______
July. ______
August____________
September_______
October_________ _
November_______
December... ______
19331
January. _________
February ______...
March______
April_____ ______
M ay... .. .. ..
June______________
July_______________
August_____ _ . . .
September_________
October_____ _
November_________
December----------- _.

Smelting and
refining—
Stamped and
copper, lead, enameled ware
and zinc

Group index

Em­
ploy­
ment

Month and year

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

51.3
51. 2
49.5
47.9
45.7
44.8
43.0
39.9
40.6
43.5
42.2
43.5

33.4
34.0
30.4
29.2
28.4
26.5
24.3
21.9
23.7
26.0
24.9
25.0

70.7
73.7
75.4
73.3
72.2
69.4
63.7
64.0
69.3
67.8
70.7
67.0

51.8
57.3
58.8
55.5
52.1
48.2
40.2
41.2
47.6
47.7
46.6
41.2

45.1
45.0
43.0
42.0
40.7
39.9
38.5
38.3
39.9
41.5
*40.6
39.1

30.4
29.9
28.1
26.3
25.0
23.5
21.3
21.9
23.9
25.6
23.9

21.6

65.1
63.3
59.2
55.0
52.6
49.8
50.8
55.4
59.2
57.9
56.2

44.0
44.5
41.4
36.3
31.7
29.2
25.2
28.7
33.9
37.9
33.6
31.5

41.7
39.8
38.9
37.1
36.7
35.2
33.5
33.3
33.2
32.9
32.6
31.7

28.8
26.3
24.0
23.1
23.0
21.4
19.9
19.0
19.1
19.2
19.1
17.4

43.5
41.4
42.0
42.2
41.9
42.1
47.3
55.1
62.5
64.0
64.2
62.3

24.4
23.2
22.1
23.2
24.1
25.5
30.1
33.8
35.6
37.0
36.6
34.3

61.6
62.8
67.1
70.0
75.3
80.0
89.3
92.4
93.3
79.8
78.2

36.7
42.7
37.7
41.7
46.6
51.6
54.0
62.3
62.7
66.6
63.6
60.9

36.4
36.0
34.3
35.0
37.9
42.7
46.6
50.4
54.3
55.2
52.3
49.8

18.8
18.8
16.4
17.8
20.7
24.8
27.6
32.4
37.3
38.1
33.6
31.0

51.7
52.8
48.9
49.1
53.6
59.4
62.4
68.7
77.2
78. 5
72.4
65.9

26.1
27.9
22.1
24.4
28.8
34.0
36.0
43.9
52.8
55.0
45.0
40.1

29.3
30.0
27.7
29.4
31.8
34.9
38.7
39.8
39.9
38.7
37.2
36.3

15.4
15.0
13.1
15.3
17.4
20.1
22.7
23.8
24.1
23.5

68.0

i Data subject to revision when census figures for 1933 become available.




Furniture

68.8

Lumber, millwork
Em­
ploy­ Pay
ment rolls

22.1
22.0

54

REVISED INDEXES —EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1928 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=1001
Lumber and allied products—
Continued
Month and year

Lumber, saw­
mills

Turpentine
and rosin

Em­
ploy­
ment
19231924192519261927192819291930193119321.
19331.

Pay
rolls

Em­
ploy­
ment

103.6
98.8
97.6
95.5
86.6
84.4
87.7
67.6
41.1
26.1
28.7

102.5
99.2
98.3
96.6
89.0
87.2
90.7
67.6
33.6
14.2
16.0

107.7
100.0
92.3
119.0
126.0
88.6

71.9
83.6

Pay
rolls
100.8
100.0

99.2
110.7
98.2
47.5
32.7
36.3

Stone, clay, and glass products
Group index Brick, tile, and
terra cotta
Em­
ploy­
ment
100.4
98.9
100.7
103.8
99.9
95.7
93.8
80.2
63.7
44.6
45.0

Pay
rolls
98.3
100.5
104.2
100.5
96.2
93.7
76.9
53.9
29.1
27.6

101.2

Em­
ploy­
ment
100.6

98.7
100.7
102.9
99.0
92.3
91.5
72.2
50.2
29.6
27.0

1923
January------96.4 85.8
91.3 82.8 84.9
February----98.9 88.5
92.3 83.7 84.4
March-------95.9 89.2 91.3
99.7 93.2
April_______
102.0 98.5
101.0
97.7 102.3
May_______
104.3 105.1
104.7 103.5 106.7
June----------107.3 109.8
105.8 104.5 108.5
July________
108.1 109.0
104.0 99.5 110.0
August-------107.3 108.3
103.8 103.3 110.0
September.
107.4 108.6
103.3 103.6 108.3
October------106.0 108.8
102.5 105.9 105.0
November.
104.6 108.8
100.8
104.3 100.2
December—
101.6
99.1 101.2 95.8
105.6
1924
January____
98.0 95.3
94.6 95.2 89.6
February----100.0
95.3 99.5 87.9
101.6
March-------99.6 102.5
100.0
103.5 94.6
April_______
101.1
104.0
103.8 107.4 102.7
May----------104.2 107.8 106.6
102.0 104.6
June_______
99.6 103.2
102.1
106.0 105.7
July_______
98.2 95.8
96.5 94.2 103.0
August-------98.0 95.0
99.2 98.7 103.7
September98.2 98.0
98.1 97.5 100.3
October------98.5 98.2
98.1 100.5 99.0
November - ..
97.1 96.1
97.7 97.4 96.9
December__
95.4 95.5
96.9 98.8 94.9
1925
January------94.7 88.6
92.3 89.5 87.7
February----96.2 95.3
93.7 95.3 87.6
March_____
95.2 97.3
97.9 99.4 95.3
April______
97.9 98.1
102.6
102.9 102.9
M ay_______
98.8 100.5
103.9 105.3 107.7
June_______
100.5 104.0
104.3 104.6 107.9
July_______
99.3 99.7
99.9 97.3 107.9
August_____
98.7 97.6
102.7 104.0 105.9
September-..
99.8 101.5
103.5 101.5 104.8
October------98.8 101.4
103.8 106.2 101.8
November...
102.9 105.2 100.2
December— .
94.8
101.3 102.8 98.2
1926
January------92.3 87.8
96.3 94.0 92.2
February___
92.0 92.6
97.1 96.8 91.2
March_____
92.4 93.0
99.1 99.8 93.3
April_______
96.6 96.0
102.6
101.7 100.1
May_______
99.3
106.6 107.9 108.3
June----------101.9
108.6 110.7 110.6
July________
97.4
105.9 103.4 111.9
August_____
99.1 100.2
108.3 110.0 112.6
September.
97.0 100.1
108.6 107.2 110.2
October------95.4 100.3
106.9 109.6 105.9
November.
93.7 97.5
105.3 106.9 101.8
December__
91.5 93.2
100.8
102.9 96.2
1 Data subject to revision when census figures for 1933 become available.




Pay
rolls
98.1

Cement
Em­
ploy­ Pay
ment rolls

12.0

95.0
104.0
102.1
98.3
92.6
90.3
84.6
65.8
44.9
41.1

94.6
102.9
102.5
100.9
101.1
96.9
92.9
83.4
56.9
27.7

72.9
71.9
82.5
96.3
107.3
109.5
107.9
110.2
109.5
109.0
103.3
97.2

84.9
86.8
90.4
92.4
95.2
96.7
99.5
98.7
99.2
98.5
99.5
98.0

81.9
83.7
87.2
89.1
92.9
95.3
97.7
100.8
102.4
102.8
101.7
99.3

89.2
90.1
96.1
105.9

96.6
96.1
98.2
100.5
103.0
102.5
103.4
104.1
103.2

101.1
100.8
101.8

96.7
87.5
84.7
62.2
35.2
14.0

111.8
111.6

104.9
105.6
100.3
102.4
98.8
97.0

101.0

101.8
102.6

99.4

22.2

94.5
98.6
104.3
104.1
109.0
103.5
106.1
105.9
104.8
102.4
99.9

101.1

84.3
87.6
95.3
103.3
109.5
109.5
107.5
107.8
102.4
103.1
100.5
98.8

94.5
92.7
96.6
102.5
105.3
107.8
108.9
109.8
110.3
109.0
106.7
104.4

85.5
90.9
95.5
100.0
104.2
107.2
106.9
110.7
109.8
108.7
108.7

89.3
89.2
92.4
95.9
108.6
112.7
108.9
113.1
107.5
106.2
101.7
95.7

95.9
94.9
94.4
98.2
103.3
106.5
107.8
108.3
107.6
106.2
103.6
98.4

87.9
91.3
95.1
102.7
108.7
105.1
113.1
108.8
109.0
105.1
98.0

102.0
86.2

55

CHAP. 4.----RESULTS OP REVISION
T a b l e 8 . — Indexes

o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Lumber and allied products—
Continued
Month and year

Stone, clay, and glass products—Continued

Lumber, saw­
mills

Group index Brick, tile, and
terra cotta

Em­
ploy­
ment
1927
January____________
February...................
March____. . . ..
April______________
May........ .............
June______ ______
July_______________
August____________
September. _______
October____________
November. ______
December__________
1928
January.___________
February.............. .......
March_________ _.
April______________
M a y ...___________
June______________
July_______________
August____________
September. _ ______
October .. ____ ___
November_________
December__________
1929
January_______ ____
February___ ____
March______ ____ _
April____ ____ ____
M a y ..___ _ __
June_______ ______
July______ _______
August... __ ____ .
September.. _______
October_____ ___
November.. ______
December__________
1930
January____________
February__________
March.....................
April______________
May............................
June_______ ______
July_______________
August_________ ___
September...................
October______ _____
November ________
December____ ____ _
1931
January....... .......... .
February__________
M arch.. ____ ____
April________ ______
May_______________
June.. ___________
July_______________
August__ _________
September_________
October____________
November_________
December..................




Pay
rolls

Turpentine
and rosin
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls
91.6
89.5
94.9
98.6
101.1
103.3
104.2
104.2
103.5
100.7
97.1
90.6

85.5
85.3
85.7
88.0
88.3
88.0
88.5
88.7
87.2
85.3
81.4

84.1
85.9
87.5
86.5
91.9
92.6
89.0
91.1
92.6
92.3
90.0
84.9

93.9
95.1
99.6
103.3
104.9
105. 2
100.9
101.6
101.4
99.6
99.1
94.6

90.6
96.6
101. 7
105. 2
108.4
106.5
98.6
102.3
100.8
101.3
99.1
95.3

89.4
87.6
94.9
103.4
107.9
108.1
107.7
105.2
102. 2
97.4
94.9
89.0

84.4
87.5
94.7
101.4
109.3
108.1
104.2
103.1
98.4
94.2
90.8
84.4

78.8
78.8
81.2
83.4
84.4
86.3
85.1
87.2
87.8
87. 6
87. 2
84.9

77.3
79.8
84.1
86. 7
89.6
90.1
87.9
89.8
91.3
92.2
90.6
87.1

88.7
89.3
92. 4
94.9
98.8
99.6
97.4
100.3
99.7
97.9
95. 6
93.2

87.5
89.4
92. 7
96.2

95.3
101.5
99.2
100.6
96.9
94.7

81.7
81.7
85.8
90.5
96.3
97.8
99.0
99.5
97.8
95.1
93.1
89.8

75.2
75.6
80.2
85.6
92.4
93.8
93.0
95.2
92.4
91.7
88.5

82.3
82.5
83.9
87.3
89. 5
91.0
91.2
92.9
91.4
89.0
87. 2
83.7

79.9
82. 5
84. 7
90.1
94.6
94.1
95.6
95.5
97. 2
95. 6
91.2
87.8

88.3
90.6
94.7
97. 3
98.2
95.5
98.4
98.1
96.6
93.5

86.8

84.7
87.1
91.3
96.1
98.7
99.6
91.9
98.4
98.5
97.8
93.4
87.1

77.8
75.0
75. 7
75.2
74.6
72.1
67.8
64.5
61.1
59.7
56.0
51.8

75.5
74.3
79.3
79.7
79.1
76.5
67.2
61.9
60.3
58. 3
52. 3
46.9

78.6
79.5
82.8
86.0
86.7
85.6
80.3
79.7
79.4
78.0
75.0
70.8

46.6
45.9
45.0
45.4
45.4
44.9
41.9
40.3
38.4
36.5
34.0
29.3

38.6
38.5
39.1
37.6
39.1
38.8
35.1
33.0
31.7
28.1
24.2
19.1

62.9
64.0
66.5
68.9
70.4
69.7
65.1
64.2
63.0
59.8
56.5
53.0

86.8

88.1

97.0
93.5
92.2
98.5
96.9
94.5
90.4
80.7
85.5
79.0
78.8
76.1

47.8
55.0
57.5
56.2
53.3
48.5
50.5
42.8
43.6
41.9
37.6
35.2

Cement

86.8
88.2

95.3
109.9
108.6
106.3
108.2
106.9
105.7
100.8
93.4

102.6

86.1

84.3
86.9
90.2
94.1
96.9
97.8
99.6
97.1
95.8
93.2
89.6

89.5
85.2
87.9
95.9
100.9
102.1
104.7
106.0
101.7
102.0
95.3
91.1

81.3
79.0
82. 3
90. 5
96.5
98.8
100.3
100.6
99.5
95.9
90.7
82.1

73.6
71.4
76.6
85.5
91.9
94.2
91.0
93.1
91.2
89.6
83.6
75.1

85.6
84.9
87.3
89.5
92.4
94.7
95.5
95.7
94.4
91.4
88.7
83.6

81.6
84.1
88.1
92.9
96.9
99.9
97.5
100.7
100.6
95.8
90.9
86.3

73.4
76.9
80.7
85.1
85.7
85.1
74.3
75.1
75.4
75.7
70.0
65.2

68.7
67.1
71.3
77.4
80.1
79.8
77.1
75.4
73.7
70.0
65.9
60.0

57.0
57.4
62.8
69.9
72.2
72.3
64.7
64.8
63.9
60.8
53.6
47.5

76.0
75.9
82.0
88.5
93.2
95.4
91.7
91.8
88.3
84.1
77.5
70.7

72.0
74.8
82.0
91.1
95.8
101.9
90.1
90.6
87.3
83.7
69.7
62.0

53.6
57.8
60.5
62.7
63.4
60.8
53.5
52.5
50.2
47.9
43.9
39.9

48.2
48.6
52.1
55.9
57.5
57.5
54.9
52.2
49.7
45.2
42.9
37.7

35.1
37.2
40.3
42.1
43.1
41.3
37.3
34.8
32.8
29.2
26.8
22.3

63.1
63.8
67.3
71.6
74.0
71.7
71.9
68.1
64.4
62.8
57.8
53.5

50.5
57.3
60.6
65.7
69.6
68.8
63.8
59.5
53.9
50.4
44.9
37.8

100.1
100.1

86.0

56

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Lumber and allied products—
Continued
Month and year

Stone, clay, and glass products—Continued

Lumber saw­
mills

Group index Brick, tile, and
terra cotta

Turpentine
and rosin

Cement
Em­
ploy­ Pay
ment rolls

Em­
ploy­
ment
19321
January____________
F eb ru ary.________
March.
April_____________
May_______________
June...
July_______________
August____________
September__ ... ...
October__________ .
November_________
December__________
19331
January... _________
February. _ . _____
M arch.. _________
April.._ __________
May______________
June.. ___________
July_______________
August__ _____ ____
September.. ______
October
_ _____
November_____ ...
December________ _
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

27.6
26.6
26.0
26.6
26.4
26.4
25.6
25.4
25.9
26.6
25.9
24.6

15.8
15.3
15.0
15.0
15.0
14.5
13.3
13.0
13.5
14.3
13.5

76.7
75.3
72.5
72.0
70.7
70.8
71.9
66.8
67.8
72.7
72.0
73.7

34.6
36.1
30.7
32.3
34.2
31.6
33.9
31.8
30.4
32.6
31.9
32.4

46.9
47.6
47.7
47.8
45.8
43.3
41.7
42.1
43.3
44.5
43.5
40.5

32.5
34.3
33.8
33.6
31.2
27.6
25.4
26.0
26.5
28.0
26.4
24.3

31.4
29.8
29.8
31.2
31.9
30.1
29.7
30.3
29.9
29.2
27.7
24.1

16.2
15.2
14.5
15.3
16.0
14.1
13.4
14.0
14.0
13.3
11.7
10.1

48.1
47.2
47.0
47.3
45.1
45.2
44.3
41.5
45.7
46.7
44.7
35.9

31.7
31.8
30.8
30.2
30.3
28.9
26.1
25.4
26.6
27.3
25.1
18.6

23.0
22.0
21.4
22.3
23.7
27.3
30.8
33.6
35.6
36.2
34.7
33.3

10.5
10.0
9.6
10.2
11.5
14.4
17.0
20.1
23.2
23.3

70.0
65.9
67.5
63.5
71.9
81.1
83.5
89.4
97.6
103.9
101.1
107.7

31.9
27.9
28.9
26.4
31.2
33.2
34.2
36.3
43.3
48.3
45.3
48.9

35.2
36.5
36.9
38.4
41.3
45.9
49.3
52.8
52.9
51.6
50.3
49.0

20.7
21.4

19.4
19.6
19.5
21.5
24.4
27.9
33.3
35.6
34.8
31.8
29.2
27.1

7.9
7.9
7.3
8.1
9.8
12.5
15.5
17.4
16.5
14.9
13.6
12.7

32.6
32.3
32.6
38.7
40.5
46.5
50.2
53.1
48.0
41.4
41.2
36.6

16.3
16.1
16.5
18.5
21.3
25.3
27.8
32.0
25.8
24.7
23.0
19.1

11.8

21.8
20.0

21.2
21.6

24.5
28.6
29.9
33.9
33.5
33.6
31.8
31.0

Data subject to revision when census figures for 1933 become available.




Pay
rolls

57

CHAP. 4.— RESULTS OE REVISION
T

8.— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Stone, clay, and glass products—Continued
Month and year

Glass
Em­
ploy­
ment

Pay
rolls

Marble, gran­
ite, slate, and
other products
Em­
ploy­
ment

Pay
rolls

Pottery
Em­
ploy­
ment

Pay
rolls

Textiles and their products
Group index
Em­
ploy­
ment

1923_______________ 105.1 103.4 104.5 101.7 98.5 97.8 105.2
1924_______________ 95.5 96.9 100.0 100.0 103.8 104.3 94.9
1925_______________ 99.4 99.7 95.5 98.3 97.7 97.9 99.9
103.8 103.9
99.7 99.3 99.9
1926
1927_______________ 94.3 93.6 105.6 113.0 98.0 94.5 104.0
98.8 93.9 101.3
1928_______________ 92.6 94. 5
1929_______________ 96.7 100.9 98.7 104.0 94.7 91.4 104.8
83.8 82.9
82.9 74.1 92.9
1930_____ __
1931_______________ 71.5 66.5 72.2 68.8 72.3 56.4 87.2
19321______________ 58.9 45.9 43.2 31.8 57.0 35.1 76.7
19331______________ 69.8 52.9 33.7 20.7 60.2 35.8 87.9
1923
90.8 83.5 107.4
January. _ ____ ___ 105.4 99.1
February. _____... 107.3 100.0
93.5 88.9 109.0
March.. ________ 107.0 102. 6
95.0 89.5 110.6
April.. . . . _____ 107.9 107.9
95.8 96.1 109.4
97.9 97.8 108.2
M ay_____ ____ ... 111.7 110.1
99.2 96.9 106.4
111.6
June.. __ _ _ __
109.5
95.4 89.9 103.3
July_______________ 103.7 96.3
99.5 98.4
102. 2
102.3
August.._ _ __
101. 6
102. 7 102. 7 102.7
September. _ _______ 99.6 98. 6
103.2 107. 5 101.6
October_______ _ 101.8 105.1
November. _ ______ 103.4 107. 6
108.5 100.6
101.8
103.9 110.4 101.0
December______ ... 102.7 105. 3
1924
January._______ _ _ 96.8 99. 6
103.7 108.1 101.4
February___
101.3 107.7
104.5 114.1 103.3
March________ _ 105.2 109.9
108.3 117.0 102.0
April. ___________ 104.7 108.0
108.9 116.3 97.4
M ay_______ _ __ 101.3 102.1
105. 6 113.3 93.8
June___ ._ ..
95.6 96.7
104. 5 106.3 91.2
July_______________ 88.0 83.1
87. 9 77.1 85.4
A ugust___________ 86.1 83.4
106.9 100.6 87.6
September____ ... 87.6 86.3
106. 3 101.3 90.8
October______ ... 91.8 93.6
103. 2 102.1 94.2
November_________ 92.7 95.1
102.5 91.0 93.9
December. ______ 94.5 96.7
103. 2 103.8 97.2
1925
January____________ 93.6 93.7
98.6 97.1 98.7
February______ _
96.7 100.8
104.4 106.7 101.4
March. ______ ______ 98.5 101.6
103. 7 106. 9 101.8
A pril_____________ 99.8 101. 2
105. 2 104.0 101.1
May___ _________ 97.5 99.0
102. 6
102.5 99.0
June_______ _____ 98.0 97.1
100. 6
96. 6 98.4
July_______________ 97.0 91. 7
72.0 64.4 96.7
August____ ________ 96.1 94.6
96.5 97.7 97.7
September. _ _____ 99.5 94.6
97.6 96.2 98.2
October._____ ... __ 104.6 106.8
98.9 103.3 101.3
November___ _____ 106.0 109.1
96.8 99. 5 102.0
December_____ _ __ 105.3 106.1
95. 6 99.6 102.2
1926
January__________ ^ 101.3 101. 6
94. 4 92.0 102.7
February___ _____ 103.3 105.1
98. 6 100.8 103.3
March.. __ _______ 106.6 108.2
99. 3 102. 2 103.4
April_____ _______ 105.6 106.2
101.5 103. 7 101.2
M ay_______ _____ _ 104.7 105. 5
100. 7 101. 6 98.9
June___... . . . ____ 105.9 106.1
100. 5 97.4
101. 2
July_______________ 99.1 95. 0
91. 8 85. 8 93.3
August______
100.3 99.6
101. 0
99. 6 95.1
September.. . . .
104. 7 100. 5
102. 2
97. 7 98.5
October________ ... 106.1 107.1
101. 4 103. 9 101.1
November________ 106. 5 108.0
102. 9 100. 5 101.0
December__________ 101.9 104.2
101.8
103! 1 103.1
1 Data subject to revision when census figures for 1933 become available.




Fabrics

Pay
rolls

Em­
ploy­ Pay
ment rolls

105.8
93.8
100.4
100.2
106.8
101.7
105.2
85.6
75.1
53.5
61.2

105.4
94.2
100.4
99.2
101.3
96.2
99.2
86.0
80.3
71.9

103.8
107.5
111.5
108.1
111.4
108.9
104.5
103.5
103.5
104.5
100.0
102.3

107.3
108.2
109.5
109.8
109.6
107.9
103.1
101.7

103.2
106.9
103.3
96.0
89.8
85.7
78.6
85.1
90.6
95.0
91.7
99.7
101.1

105.8
106.9
101.1
98.4
95.8
95.7
98.3
94.4
102.1
101.9
103.0
104.0
106.7
106.9
100.7
96.3
95.1
89.6
94.8
97.7
103.8
100.7
105.8

86.2

101.8
101.0
102.0

102.7

100.6
101.6

100.4
96.8
93.8
90.9
83.8
85.9
89.5
93.8
95.0
98.8
99.9
101.5

101.8
102.1
101.0

99.8
96.3
96.9
97.3
101.7
103.3
103.5

103.3
102.6
102.4
100.8
98.6
96.7
92.3
93.3
97.1

100.2
101.1
101.8

106.0
93.4
99.4
103.8
95.8
99.4
79.4
70.2
50.9
62.2

100.6

101.0

103.1
106.0
108.1
115.1
111.3
103.6
102.8
105.4
104.5
103.6
107.6
103.2
105. 7
101.7
96.4
91.4
84.9
75.6
81.4
87.1
94.6
94.9
103.3
102.5
104.7
105.4
103.3
102.3
97.3
94.1
95.6
91.7
101.9
103.5
105.3
103.9
104.1
103.8
100.8
97.1
94.7
88.4
92.0
96.0
103.3
103.1
105.2

58

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Stone, clay, and glass products—Continued
Month and year

Em­
ploy­
ment
1927
January____________
February. _ _______
March. ___________
April_____________
M ay. ___________
June______________
July __________ .
August ___________
September________
October. __________
November_________
December________ _
1928
January______ ____
February___ _______
March______ _____
April_____ _____ ___
M ay____________ .
June_______________
July______ ...
August________ ...
September. _ ______
O ctober._____ ____
Novem ber_______
December____ _____
1929
January__________ .
February._ ________
March_______ ___ _
April.
______
M a y ________ _ .
June_________ _____
July_______________
August ___________
September___ ___
October______ ___ _
November___ __ ._
December_______ __
1930
January____________
February__________
March_______ ___ _
April_____ ________
M ay_____________ .
June.. ________ ..
July_______________
August ___________
September. _____
October_________ .
November_________
December______ _
1931
January____________
February. ------------March_____________
A pril_____________
M ay. ... ________
June____ ________
July_______________
August______ _. .
September_________
October_________ _
November_________
December__________




Marble, gran­
ite, slate, and
other products

Glass
Pay
rolls

Em­
ploy­
ment

Pay
rolls

Pottery

Textiles and their products—
Continued
Group index

Fabrics

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

89.4
105.2
106.7
103.1
95.6
90.8
70.3
89.0
90.0
95.7
96.5

103.6
105.8
106.0
104.4
103.1
102.7
100.9
102.4
104.3
105.2
104.9
104.6

105.5 101.7
111.5 102.8
111.7 102.7
106.2 102.1
104.6 101.2
104.3 101.0
101.5 98.7
105.1 99.5
107.6 101.1
109.7 101.7
105.7 102.1
107.7 101.1

102.9
107.0
107.1
104.5
104.4
103.4
97.9
101.2
102.9
105.7
103.7
104.6

94.2

97.1
96.5
92.2
77.0
92.3
91.0
94.8
93.0
93.8

104.1
105.6
104.8
101.9
99.3
98.9
95.8
97.1
99.1
102.4
103.3
103.8

104.9
108.5
107.1
99.2
97.3
97.5
93.2
96.5
99.7
106.2
103.1
106.6

99.0
100.5
98.8
93.9
93.6
92.6
87.8
89.5
91.8
99.2
99.7

92.2
97.1
99.0
98.5
96.5
96.2
91.1
89.8
92.7
93.3
95.2
89.7

90. 7
97.5
99. 5
99.5
98. 2
95.9
85.8
88. 5
89. 3
94.1
93. 6
90.2

99.1
104.3
104.3
101.7
100.3
99.5
80.5
92.9
94.9
97.0
99.5
102.5

85. 6
86.8
90.9
92. 6
95.3
95.4
90.8
95. 7
97.8
95.4
92.6
92.4

83.9
88. 5
91.8
94.8
95! 9
96.1

97.
101. 5
100.0
98.1

98.5
102.9
101.4
99.7
99.6
99.8
90.2
97.7
98.2
100.2
99.1
98.4

99.
92.6

93.4
99. 2
103. 2
103. 0
103.0
103. 0
90. 7
102. 0
104.8
106.3
104. 2
98.1

96.2
97.0
98.6
97.7
97.3
94.4
87.1
92.0
92.5
93.7
94.8
94.6

85.6
93.1
94.5
97.3
93.8
91.0
77.7
89.0
91.5
95.0
94.2
93.8

103.5 103.5
105.7 109.9
107.2 112.3
106.1 108.2
105.3 106.1
105.0 105.2
102.1
98.6
103.1 103.1
105.4 106.4
107.0 108.8
104.4 101.2
102.3 99.0

88.3
92.2
95.1
93.4
91.1
87.3
77.1
75.0
77.5
78.4
76. 5
73.9

87.6
95.0
95.9
95.1
92.9
89.0
72.3
71.6
74. 2
77.0
73. 7
70.2

90.8
91.3
89.8
89.2
84.8
81.3
74.5
78.0
78.2
79.5
79.5
77.8

84.1
86.7
85.4
84.5
76.2
70.9
61.4
64.2
64.9
71.0
71.5
68.9

100.7
100.9
100.3
98.1
95.0
92.8
86.0
86.4
89.4
89.9

94.5
93.9
92.3
90.8

88.2
86.6

96.7
98.4
98.0
91.7
86.1
83.0
74.8
77.5
82.9
83.3
77.9
76.9

80.5
79.4
80.7
81.7
82.4
80.9

89.6
90.7
88.3
85.2
81.9
78.8
69.5
69.8
72.9
75.9
75.3
74.6

75.7
76.5
75.9
77.2
78.6
74.2
67.9
69.9
69.7
69.2
67.9
64.4

58.6
63.7
65.5
68.6
66.9
56.2
46.4
51.2
49.0
52.4
51.2
47.5

84.9
91.2
90.5
89.9
87.4
85.6
87.3
88.4
86.4
83.6
82.7

73.4
82.0
85.7
81.1
78.1
74.5
73.1
76.1
75.0
71.7
65.7
65.2

78.2
80.8
82.6
81.9
82.9
81.0
80.1
80.5
80.5
78.8
78.1
77.8

69.0
75.1
76.5
74.6
75.4
71.7
69.6
71.1
68.2
65.9
62.8
62.9

90.8
95. 2
97.3
98. 3
97.8
98. 4
91. 2
98.1

100.0
101.1
6

68.8

71.6
73.7
74.3
75.3
77.4
70.1
72.0
73.3
70.0
65.9
65.9

88.6
97.6
6

62.9
71.3
73.3
72.3
73.3
73.8
65.1
65.7
65.2
61.8
57.1
56.0

76.3
77.4
80.1
81.2
81.4
79.7
71.7
69.9
68.6
65.2
59.9
55.5

76.6
75.8
79.0
83.0
81.6
78.1
66.0
63.8
61.7
59.8
52.4
47.7

101.2

102.8
102.6

88.6

99.7
98.8
96.5
94.4
93.9
91.2
91.5
92.9
96.5
98.7
99.6

100.1

98.8
100.1
100.4

100.0
100.1

99.6
97.4
97.3
99.4
100.9
99.3
96.9

88.6
86.6

102.8

97.8
103.0
102.9
102.4
100.0
95.0
96.3
98.8
102.7
97.1
94.3

102.6

59

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Stone, clay, and glass products—Continued
Month and year

Marble, gran­
ite, slate, and
other products

Glass

Textiles and their products—
Continued

Pottery

Group index

Fabrics

Em­
ploy­
ment
19321
January-----------------February__________
March.. .. ... . ...
April---------------------M ay. ________
June.. ___________
July_______________
August____________
September.. --------October____________
November_______
December___ _____
19331
January______ _____
February__________
M a rc h ..---------------April---------------------M a y .------- --------June______________
July_______________
August____________
September.. _____
October_______ ____
November_________
December_______ _
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

60.5
63.8
65.3
63.6
59.3
58.1
54.8
53.0
54.7
57.4
58.2
57.6

48.6
55.3
54.1
53.3
49.9
46.7
40.1
38.8
38.7
42.0
42.8
40.9

45.4
46.5
45.4
46.3
42.5
36.5
41.2
45.3
45.9
44.9
40.4
37.5

35.8
35.9
36.7
37.8
31.5
24.8
29.4
32.5
32.5
32.2
26.3
25.6

61.1
64.5
64.6
63.2
59.5
54.2
45.1
48.6
50.9
56.2
58.5
58.0

41.6
45.2
45.3
42.2
36.1
29.5
22.8
25.0
28.0
35.1
35.5
34.6

81.1
84.4
82.7
76.9
71.2
66.7
62.0
69.7
79.8
84.0
82.1
80.2

62.2
66.5
64.5
54.2
45.9
41.3
36.9
46.3
57.1
60.5
55.0
51.6

76.5
79.1
76.1
69.9
64.8
60.7
58.9
66.7
75.5
79.3
78.2
76.9

59.7
62.9
58.3
48.9
42.0
38.9
36.3
44.4
54.4
58.1
54.5
52.4

53.4
55.7
57.0
59.9
64.6
71.1
72.0
77.8
80.4
81.1
82.2
82.9

39.0
40.4
39.9
43.2
49.6
56.2
53.8
59.6
62.2
63.5
63.0
64. 4

29.1
31.8
32.4
27.5
28.4
33.3
36.6
37.8
38.6
39.3
35.5
34.3

19.1
19.5
20.5
15.2
16.5
20.7
23.5
24.0
23.9
24.9
20.5

51.0
53.5
53.1
52.8
54.7
57.6
59.6
65.1
67.0
69.6
69.1
69.1

26.3
29.1
28.5
28.0
29.3
32.7
33.5
42.9
43.6
47.1
45.1
43.9

77.9
80.9
76.0
78.3
82.3
89.7
95.4
97.8
98.2
97.7
92.9

48.3
52.6
45.2
49.0
52.0
59.3
64.4
74.1
78.7
77.4
69.7
64.0

75.4
76.4
70.5
72.1
78.3
88.4
96.7
99.3
97.6
96.7
93.5
89.7

48.5
50.4
42.4
44.7
52.1
62.5
69.2
79.2
77.6
77.5
73.2

20.2

Data subject to revision when census figures for 1933 become available.




88.0

Em­ Pay
ploy­ rolls
ment

68.6

60

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average, 1923-25=100]
Textiles and their products—Continued
Carpets and
rugs

Cotton goods

Cotton small
wares

Dyeing and
finishing tex­
tiles

Hats, fur-felt

Em­
ploy­
ment

Month and year

Em­
ploy­
ment

Em­
ploy­
ment

Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls

96.1
92.7
114.2
121.5
121.8
124.8
108. 7
101.2
72.3
73.6

106.4
97.1
96.5

Pay
rolls

Pay
rolls

Pay
rolls

1923_______________ 103.8 109.2 106.7 110.1 104.4 105.5 97.4
1924_______________ 96.2 93.3 92.5 91.6 92.6 91.8 93.9
1925_______________ 100.0 97.5 100.8 98.3 103.0 102.7 108.7
110.8
1926__________ _____ 97.8 93.8 101.9 98.5
1927_______________ 96.9 94.5 105.8 105.7 95.3 101.3 113.5
1928_______________ 92.8 85. 7 95.5 88.4
114.9
1929_______________ 96.2 90.1 96.1 90.1 97.4 102.1 121.8
74. 2 59. 7 80.7 69.4
112.0
1930____
1931_______________ 67.5 54.3 74.5 61.0 81.7 76.8 103.3
19321______________ 52.0 32.2 67.8 44.6 68.7 52.4 89.3
19331______________ 60.6 42.6 87.5 62.1 77.4 58.8 94.8
1923
January.__________ 104. 5 109.5 111.9 107. 5
101.0
99.8
February. . _______ 102.8 103.7 112.4 107. 7
100.6
M arch.. ________ 103.8 106.5 113. 7 110.0
101.2
April__ . ._ _____ 103.4 103. 7 113.4 113. 4
103. 5 112.2 113.3 121.3
May_______ _
100.0
96.1
June________ _ __ _ 103.6 111.8 111.3 115. 9
Julv_______________ 104.0 107.4 102.5 106.1
96.4
90.7
August ______ - . 103.9 108.0 100.2 107. 8
92.1
Septem ber.._____ 103. 6 111.3 101.4 111. 7
96.5
October.. __
_ 104. 2 114. 6 98.5 103. 5
November _
104.5 114.2 100.1 103.6
96.4
98.3
December.. _______ 104.3 107.2 102.2 112.8
1924
January____ ___ 103. 7 103.3 100.3 109.8
88.7
94. 5
February _____ ___ 104. 6 111. 6 100. 6 107. 9
94.4
M arch.. __________ 107.2 116.7 97. 7 100.4
94.1
April. . ________ 101.3 102.2 94.2 95. 2
96.3 91.9 91. 5 89. 4
92.0
M a y __________90. 0
June ________ ___ 88. 0 75. 5 89. 7 83.0
89.0
July _____ ___- 83. 7 70.0 82.0 73. 5
87.4 74.6 84. 3 78. 0
87. 5
August__ _________
September. _ ______ 89.9 83.3 86. 8 82. 7
93.8
October .. _________ 93. 8 92. 7 91. 6 89.7
98.0
November _______ 97.6 97.7 92. 2 88. 6
100.6
December___ . .. 101.4 100.5 98.9 101. 5
103.6
1925
January____________ 102. 2 104.6 101.1 102.0
105. 5
February __ .. _ 102.8 104.1 102.5 103. 3
107.9
March __________ 103. 8 105. 5 102. 7 104. 3
109. 6
110. 5
April ____________ 104.1 102. 5 103.5 104.1
May __ - _____- 103.1 101.5 102.4 102.1
108.8
104. 5
June ___________ 99. 6 95. 3 101. 2 96. 5
94. 2 88. 7 94.2 89. 5
105. 5
July __________
105.4
August. . _________ 95.8 90.6 95.1 90.4
September _ ____ _ 96. 2 89.1 94. 5 84. 2
107.7
O ctober._________ 96. 7 93.8 101.9 97. 6
111.9
November_____ ___ 100.3 97.5 104.5 100.6
113. 2
December ________ 101.1 96.8 105. 6 104.9
113.3
1926
114.1
January _ ______ - 101.4 99.1 105.7 104.4
101.0
95.9 106.1 105.6
February. _____
114.3
March ___ ____ 102. 5 96.8 107. 0 106. 8
114. 5
April ___________ 101.8 95.3 105.9 105.0
112.5
M ay
...
98. 2 88.9 103.0 97.1
110.0
93.6 88.4 100.3 94. 2
June.. ____
108. 5
July ____________ 90.5 82.9 93.6 83. 8
104.1
August .. _____ - 93.7 89.1 93.3 86. 5
106.9
September. _______ _ 94.7 91.4 99.1 94.7
109.1
October__________ _ 97.3 94.8 102.0 99. 2
111. 1
November__ ____ 99.3 101. 7 102.8 100.4
112.4
December______ ... 99.6 101.6 104.4 104.7
112.5
i Data subject to revision when census figures for 1933 become available.




111.2

97.4
97. 9
99.8
100.5
104. 5
96.4
92.4
84.1
89.4
96.1
94.5
99.9
88.3
95. 5
92. 7
92. 2
88.8
84.0
81. 4
84. 8
94. 9
99. 5
100. 6
110. 2
110. 8
113. 3
116. 2
112. 5
110.1
103. 2
103. 7
104. 2
105. 5
119. 0
117.4
119.0

117.4
119.9
120. 0
116.1
111. 2
107. 5
102. 0
107. 0
112.9
118. 4
118. 2
119.2

101.2

105.3
89.6
71.7
77.5

107.4
90.5

102.1

114.1
112.3
82.5
57.6
65.8

61

CHAP. 4.----RESULTS OF REVISION
T a b l e 8 . — Indexes

of employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Textiles and their products—Continued

1927
January ____________
February__________
March..........................
April______________
May_____________ .
June________ ______
July_______________
August------------------September_________
October____________
November___ _ _ .
December____
1928
January____________
February---------------March. ______ ____
April______________
M ay__________ ____
June_______________
July_______________
August____________
September_________
October... ----------November_________
December...............
1929
January-----------------February---------------March. ---------- -------April -------------------M ay_______________
June.. . . . ------- ..
July_______________
August___________
September._ . . . _
October------ ------November___ _ __
December--------------1930
January---------------February _ . ... ...
M a r c h ..---------------April— ___ _____
M ay... ----------- ...
June.. -----------------July_______________
August------------------September-------------October---- ---------November_________
December--------------1931
January-----------------February--------- -----March_____________
April.............................
M ay.............................
June_______________
July— . ...................... .
August.........................
September...............
October........................
November...................
December....................

91911°—35---- 5




Carpets and
rugs

Cotton goods

Cotton small
wares

Dyeing and
finishing tex­
tiles

Hats, fur-felt

Em­
ploy­
ment

Month and year

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Em­
ploy­
ment

Em­
ploy­ Pay
ment rolls

98.2
100.9
95.8
97.1
95.3
87.8
92.8
89.9
89.5
90.8
96.1

105.0
106.5
106.9
106.4
106.1
106.2
105.6
104.7
105.9
106.2
106.1
103.7

103.7
107.6
109.1
107.5
106.9
106. 6
103.5
104.2
105.7
107.0
104.1
102.9

95.0
96.0
95.4
94.1
92.7
89.2
87.5
88.2
88.3
94.0
95.8
97.0

90.8
89.6
90.7
83.5
83.3
77.6
76.5
80.0
83.2
89.2
90.6
93.2

102.4
101.4
99.7
97.3
92.7
92.0
90.1
88.9
90.8
94.4
97.4
98.7

96.6
94.7
92.3
88.2
84.4
82.5
81.7
79.5
83.1
89.5
92.6
95.9

98.1
98.5
99.3
98.9
97.2
95.7
92.1
94.3
93.1
97.8
96.8
93.1

90.8
92.0
92.6
92.2
91.4
88.7
82.5
87.3
88.0
96.2
94.7
84.2

99.0
99.6
99.0
97.2
97.5
97.4
94.1
92.1
94.7
95.6
94.4
92.8

93.7
96.1
95.9
94.6
93.3
91.0
86.8
84.3
86.8
89.7
85.3
83.5

91.0
88.9
86.7
85.5
78.2
71.3
62.5
66.9
65.2
67.9
65.7
60.2

80.6
76.6
73.0
69.6
60.4
51.3
46.2
50.0
50.6
55.9
53.5
49.0

91.1
89.2
88.2
87.4
84.2
81.5
76.0
72.9
74.3
74.2
75.1
74.4

81.3
80.3
78.5
77.9
73.6
69.6
61.3
58.2
61.1
63.1
63.1
65.2

61.9
66.3
70.5
71.6
72.6
71.8
70.3
71.7
65.6
65.6
62.0
60.3

47.0
58.3
60.1
60.4
61.3
59.3
57.2
56.2
50.7
49.4
47.1
44.5

72.8
72.8
76.2
76.6
78.4
76.2
75.3
74.0
74.3
72.9
72.2
72.4

61.6
62.1
65.8
67.3
68.5
64.1
61.9
60.4
58.6
56.4
52.5
53.2

100.6

100.5
100.2
99.2
97.5
96.6
95.3
94.2
93.8
93.4
94.5
96.6

100.2

Pay
rolls

112.1

113.6
114.4
114.5

112.8
111.6

109.6
111.1
113.3
115.5
116.6
116.4

Pay
rolls
118.1
123.8
125.0
123.8
119.2
117.7
112.9
117.1
122.8
126.6
124.6
126.2

115.8 120.6
117.7 126.8
116. 7 127.1
114.4 120.8
113. 3 120.6
111.3 115.4
109. 7 110.6
111. 0
113.7
112. 5 117.7
116.0 125.8
119. 2 129.2
121. 2
133.0
126.5
123.4 133.6
124. 4 133. 5
123. 8 130. 7
122. 7
129. 7
121. 4 123.0
119. 2 117. 5
118. 0 li9. 2
121. 6
122. 5
323.8 126.8
122.3 118.5
120. 7 116.1
120.0

117.6
121.9 122. 2
121. 1
124.0
118. 6 118.9
114.5 111.7
108.9 99.0
90. 3
101. 2
103.9 94.8
102. 3 99.1
109.3 107.9
110. 7 109.5
109.6
111.0
120.8

82.5
87.1
91.3
91.2
88.0
82.8
79.4
77.5
77.1
75.9
75.1

72.7

80.9
89.2
95.8
90.4
86.1
77.1
72.3
68.8
67.4
68.3
63.3

62.5

110.5
113.4
113.0
110.5
107.6
101.0
96.7
98.2
100.4
96.3
95.6
96.0

107.0
119.7
117.7
113.1
105.9
95.6
92.5
97.3
96.4
89.4
89.0
90.3

94.9
96.8
97.6
95.9
88.8
84.9
91.5
93.5
93.6
85.5
76.3
76.1

91.8
96.9
87.9
74.2
77.7
76.4
S7.9
97.4
100.6
74.3
62.7
61,8

62
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Textiles and their products—Continued

19321
January.......... ............
February. ------------M arch.. _________
April______________
May-------------June_______________
July_______________
August____________
September_________
October-----------------November------------December__________
19331
January____________
February__________
M a rc h ..-----April________ .. .
M ay_______________
June............... ......
July----------------------August____________
September________
October _______ _ .
November____ ____
D ecem ber.._____ _

Carpets and
rugs

Cotton goods

Cotton small
wares

Dyeing and
finishing tex­
tiles

Hats, fur-felt

Em­
ploy­
ment

Month and year

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Em­
ploy­
ment

Em­
ploy­ Pay
ment rolls

60.2
59.1
59.8
55.6
52.6
49.8
42.5
45.0
45.1
51.9
52.7
50.1

44.1
40.2
40.9
35.9
29.8
25.9
23.0
23.9
25.0
34.3
32.9
30.7

71.5
74.1
73.7
68.0
62.4
56.3
54.4
60. 1
70.6
74.4
74.1
73.8

51.7
54.8
53.3
45.3
38.3
32.9
30.8
35.9
47.0
50.2
48.3
46.7

74.4
76.7
75.9
71.8
65.9
62.8
60.8
60.1
64.0
71.0
72.2
69.1

49.0
47.4
45.6
45.2
49.0
56.5
67.1
71.3
75.0
79.1
73.6
68.4

26.7
25.0
25.4
25.0
32.6
41.9
50.1
56.7
60.7
65.1
53.8
48.3

73.5
73.0
70.7
72.2
77.9
90.1
99.5
101.6
99.6
100.8
97.0
94.1

45.2
44.9
41.2
42.7
49.2
61.0
69.0
82.2
80.1
80.8
76.1
72.2

69.9
65.6
66.9
71.2
78.3
87.1
92.4
89.3
87.3
79.1
75.1

66.6

Pay
rolls
65.3
68.2
63.5
53.8
47.5
43.5
40.7
40.2
48.2
55.9
52.2
49.6

96.0
99.6
99.3
93.3
86.6
82.7
74.2
78.8
90.0
90.1
90.4
90.3

88.5
95.3
91.4
75.4
62.4
62.5
47.7
59.8
75.8
72.7
68.2
67.3

75.4
73.1
73.1
67.8
62.0
61.5
64.7
74.1
81.2
80.8
75.7
71.1

61.5
58.5
60.4
42.4
35.8
40.3
47. 5
64.0
82.9
75.2
62.4
60.4

46.2
51.6
43.6
44.4
53.5
60.4
69.5
74.8
71.3
70.4
60.9
58.5

89.4
90.4
87.1
88.3
89.2
93.7
102.3
107.7
89.5
87.5
107.1
105.6

66.3
71.7
62.4
67.5
69.7
76.0
81.6
83.0
66.5
68.2
86.4
83.3

70.7
72.5
70.0
72.5
73.3
74.6
76.8
90.1
92.4
83. 7
77.4
75.6

56.5
54.0
48.6
49.6
53.0
63.9
67.1
83.5
92.8
83.8
7L 2
65.9

i Data subject to revision when census figures for 1933 become available.




Pay
rolls

63

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Textiles and their products—Continued
Month and year

Knit goods

Silk and rayon Woolen and
goods
worsted goods

Em­
ploy­
ment
1923________________
1924_______________
1925_______________
1926_______________
1927________________
1928-............. ..............
1929_______________
1930________________
1931________________
19321_______________
19331_______________
1923
January____________
February---------------March. _ ---------------April---------------------May_______________
J u n e ..-----------------July_______________
August— ------------September--------October_______ ...
November_________
December--------------1924
January-----------------February---------------March-------------------April---------------------May_______________
J u n e ..-----------------July_______________
August------------------September-------------October......................
November------ ... _
December............ .......
1925
January-----------------February---------------March_____________
April---------------------May_______________
June_______________
July........... -................
August____________
September--------------October____________
November...................
ecember__________
1926
January______ _____
February....................
March_____________
April--------------- -----M ay...........................
June............................
July...................... .........

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

104.8
94.5
100.7
101.3

102.2

103.7
92.3
104.0
109.1
116.0
115.4
129.8
108.6
92.2
75.5
81.4

99.7
94.8
105.5
102.9
101.5
101.0
103.8
95. 1
86.9
68.7
75.5

97.4
93.0
109.6
107.8
107.6
107.5
105.6
87.2
74.8
46.4
51.8

104.5
105.8
107.4
108. 1
108.0
106.7
102.5
102.9
101.9
102.9
103.9
103.1

95.5 98.1
101.7 100.3
106.8 102.1
109.5 102.4
102.0
111.8
107.9 100.3
97.5 98.8
98.6 99.2
99. 2 99.1
103. 9 98.7
105.1 97.6
106.8 97.4

94.4
98.4
99.3
103.5
101.9
96.1
97.4
98.7
99.9
95.6
95.0

102.5
103.8
105.0
102.9
98.7
93.7
80.1
82.8
87.1
90.0
92.4
94.4

106.3
106.6
103.9
96.9
88.7
69.0
75.5
80.4
88.7
92.1
97.9

96.8
99.0
98.4
95.4
93.0
91.1
88.2
91.9
94.4
97.1
96.4
96.4

93.5
100.3
97.4
94.4
90.7
87.6
80.5
89.3
91.8
98.6
93.3
98.0

97.5

98.4
105.3
109.1
108.0
110.1
105.5
108.6
114.1
107.3
116.8
115.2
117.2

102.6
102.6

112.5
102.9
96.0
94.1

95.4
99.6
101.3

101.8
101.2
100.2

98.4
98.7
100.3
103.5
104.5
103.7

102.9
104.2
104.5
103.0
101.5
100.3
94.6
97.2
August.........................
98.9
September...................
102.0
October........................
103.0
November...................
December.................... 1 103.3
i

101.0

96.1
103.8
106.9
103.9
105.2
101.4
96.8
101.7
99.2
109.7
111.4
111.3
105.6
113.1
109.6
110.1
107.4
98.1
104.7
104.3
114.3
114.9
114.9

112.2

100.1
102.1

102.7
103.6
104.8
106.2
108.0
109.0
110.3
110.4
110.9
110.8
110.1

106.9
103.3
100.2
97.9
97.2
99.1
100.6
103.1
103.0
102.8

88.6

116.1
117.1
113.2
106.3
105.3
100.2
98.7
104.8
104.3
112.2
107.8
1 107.8

Wearing
apparel
Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

109.3 109.1
97.9 97.6
92.8 93.3
84.1 84.0
86.7 84.7
83.1 79.2
82.6 80.1
67. 2 60.5
67. 1 57.3
59.5 41.3
78.2 54.5

105.4
96.1
98.5
99.8
105.8
108.3
113.3
105.0
99.6
84.8
88.2

105.6
94.9
99.5
99.6
107.6
107.5
111.0
93.6
80.7
55. 5
55.7

107.0
97.3
95.7
97.4
102.5
101. 3
103.2
91.4
84.9
74.4
80.3

107.8
109.4

101.7
103.6
105.3
107.0
118.9
117.3
111.9
106.4
108.2
110.6
108.6
110.0

108.0
111. 4
113.7
108.9
105.3
103.4
104.4
104.3
105.5
103. 5
98.1
97.7

109.7
116.3
122.5
108.6
104.2
104.3
106.7
105.2
100.1
104.7
93.1
92.1

109.6
112.2
114.2
106.5
105.7
108. 2
108.3
107.8
107.4
104.2
99.6
100.3

104.3
106.8
102.8
94.3
91.6
86.0
80.9
87.2
94.8
104.3
106.3
111.4

103.5
107.4
105.9
98.7
93.3
91.9
89.0
91.4
93.9
94.7
90.7
93.3

103.7
109.8
107.1
95.4
86.8
87.2
84.2
92.4
97.7
95.8
85.3
92.8

105.9
109.3
105.5
93.5
90.8
98.6
97.6
96.7
95.0
93.7
89.6
91.8

107.7
111.5
105.9
88.6
85.6
98.5
98.0
97.5
95.9
91.5
81.6
90.6

96.1

98.2
107.6
109.4
96.4
90.5
92.3
98.5
103.2
99.3
102.1
98.3
97.8

94.4
99.1
97.4
92.6
88.8
95.1
96.4
98.6
98.3
97.0
95.4
95.7

94.3
102.9

103.4
110.7
111.8
99.0
92.9
93.8
89.6
97.9
98.2
101.9
92.8
103.3

96.7
99.7
98.9
93.7
92.0
97.1
95.3
99.3
99.0
99.3
97.1

110.6
111.8
112.0

110.9
109.7
108.7
106.9
107. 3
108.6
107.7
105.5
105.1
104.0
98.3
95.4
91.7
87.0
88.0
93.7

100.2
102.0

103.3

Pay
rolls

99.4
96.8
95.2
91.9
90.8
89.3
89.3
89.3
90.2
90.8
89.8

107.6
104.6
99.5
95.4
92.8
88.9
88.7
86.5
84.3
89.4
91.2
90.6

88.7
82.8
81.0
80.4
80.1
79.9
79.9
80.3
84.3
89.4
91.1
90.7

90.0
82.8
80.9
78.7
78.8
79.6
79.2
79.6
82.1
92.8
90.7
92.7

100.8

101.1
101.8

98.8
94.1
95.0
97.3
99.3

100.0
100.2

98.8
98.9

100.6

104.2
104.8
100.7
98.2
97.3
93.5
97.2
99.2
100.7
98.1
103.1

Data subject to revision when census figures for 1933 become available.




Clothing,
men’s

101.1

109.3
96.1
94.6
94.8
99.5
95.5
95.8
74.7
62.8
42.3
47.3
110.2

116.4
121.7
107.0
110.2
117.9
115.6
109.5
105.4
103.7
96.4
97.5

102.0
86.1

83.9
95.0
97.8
102.6
95.6
92.3
89.8
93.0
96.8
99.6
87.0
83.6
94.3
94.1
101.1
96.0
95.8
89.3
99.2

101.2

64
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25= 100]
Textiles and their products—Continued
Month and year

Knit goods
Em­
ploy­
ment

1927
January____
_
February____ ______
M arch.. . .. _____
April___ ______
M ay_______________
Jun e... ______ ___
July_______________
August_____________
September_________
October_______
November____ _ ...
December__________
1928
January.. ________
February_______
March________ ____
April------------------ _
M ay.. _______ ...
June_______________
July______ _________
August_______ _____
September_________
October____________
November__ _
December_______ _
1929
January ________...
February______ ____
March________ ...
April---------------------M ay_________ _ _
June_______________
July----------------------A ugust____ .. . _ _
Septem ber..______
October____ . . . __
November______ __
December__________
1930
January____________
February. _ ___
March____ .. _ __
April_______ ____ _
May_______________
June_______________
July_______________
August__ __________
September.. ______
October___________
November____ _____
December__________
1931
January ________...
February__________
March________ ...
April____ __________
M ay_______________
June_________ _____
July-----------------------August------------------September_________
October........................
November...................
December....................




Pay
rolls

102.4
103.1
103.3
103.6
103.0
102.8
96.7
98.5
102.7
104.6
106.2
104.7

111.3
117.3
119.0
117.7
119.0
115.7
103.4
109.4
113.1

103.0
104.8
104.6
102.7
101.9
101.6
96.9
98.3
101.6
104.0
106.0
106.1

115.8
119.0
118.4
112.6
113.6
114.0
101.7
107.8
113.1
123.1
122.1
123.6

104.2
107.3
109.6

114.8
124.3
127.8
129.9
130.3
129.9
121.7
126.8
133.5
142.5
140.3
136.1

110.8
111.6
111.8
111.0

112.3
116.4
119.7
119.6
115.5

122.2
121.8

121.7

Silk and rayon Woolen and
worsted goods
goods
Em­
ploy­
ment
101.8

102.3
104.3
104.2
103.3
100.7
99.7

100.6
101.1
100.2

99.1

101.2

100.3
104.2
105.3

100.6
100.8

99.9
96.8
97.6
99.5
102.7
101.7
102.8

100.1

103.1
105.3
106.0
104.9
103.6
103.7
104.4
104.4
104.5
103.1

102.6

108.5
110.0
107.3
107.1
105.7
104.6
95.3
93.8
99.1
102.5
102.9
98.5

118.8
124.0
120.1
116.1
108.3
109.2
91.2
91.6
101.9

100.9
104.4
104.9
103.5
97.5
94.6
86.9
86.7
85.2
89.5
93.8
93.3

88.5
93.5
94.5
95.1
96.1
96.7
94.4
96.0
96.5
99.9
101.3

84.3
94.0
96.1
95.6
98.1
95.3
85.5
89.1
89.6
93.8
93.6

92.7
96.1
95.2
93.1
89.5
79.8
76.1
78.3
83.3
87.5

99.9

111.6
110.6
99.9

91.9

85.5
86.1

Wearing
apparel

Clothing,
men’s

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

103.5
111.3
113.3
107.9
110.1
107.6
103.2
106.8
106.5
107.5
103.0

90.6
91.0
87.9
85.8
84.1
84.8
81.3
85.1
86.2
87.4
88.4

90.6
91.3
86.1
82.5
81.7
82.7
78.3
82.9
83.9
85.9
85.0

106.9
116.5
116.8
105.2

86.0

105.0
109.3
110.0
106.1
103.5
102.4
101.5
104.3
106.7
108.2
106.1
106.9

103.3
107.5
111. 1
111.7
103.3
107.7

100.7
104.4
103.3
97.8
97.1
102.2
102.9
105.9
105.5
105.3
101.8
102.5

104.0
106.6
104.4
101.2
92.0
97.9

102.5
113.0
115.3
107.9
108.2
108.4
100.0
105.2
105. 9
111.1
103.6
109.0

86.5
85.6
82.6
80.8
81.7
83.0
79.5
81.3
79.4
83.9
86.8
86.4

83.0
82.5
76.9
73.7
78.2
79.3
74.2
76.2
74.7
83.0
83. 5
85.5

108.6
112.6
113.3
108.8
105.4
105.4
102.3
105.4
108.9
111.0
108.8
108.9

110.7
117.9
117.2
103.9
99.1
101.6
98.7
105.1
109.7
114.1
104.1
108.2

104.1
106.7
105.1
97.8
95.7
101.3
99.5
102.9
102.7
101.5
98.7
99.3

101.7
105.7
101.2
83.2
84.5
96.9
95.8
99.5
97.7
95.5
87.7
96.2

98.0
109.6
112.5
112.5
110.5
107.9
103.2
105.7
104.8
105.7
98.6
98.1

85.2
84.5
83.5
83.6
84.0
82.7
80.7
83.1
83.6
84.3
79.9
76.1

82.4
83.1
81.0
82.1
83.0
80.7
77.3
80.5
81.4
83.6
74.4
71.3

109.6
114.0
118.0
115.4
113.1
113.1
108.6
112.2
115.3
116.6
112.2
110.9

109.1
118.5
124.8
112.9
107.8
109.7
100.4
111.0
115.5
115.2
103.8
103. 4

99.4
102.8
104.5
99.5
98.8
105.1
105.1
107.6
107.3
105.4
102.1
100.9

94.0
102.5
105.8
87.1
89.8
100.8
98.2
103.4
100.2
93.0
85.7
89.4

93.3
102.4
97.5
88.5
85.1
73.0
77.9
76.3
82.8
83.7
85.5

75.0
72.5
67.5
63.3
67.3
69.0
67.0
64.6
62.8
61.2

69.7
66.6
60.4
55.6
63.6
64.0
60.4
60.7
61.2
56.5
53.2
53.7

106.0
109.0
112.4
100.0
90.0
87.1
81.4
88.9
98.4
93.7
79.1
77.6

100.5
101.9
98.6
93.0
89.4
92.8
90.6
90.6
92.4
87.5
80.6
78.3

90.4
91.3
86.6
73.8
67.5
76.1
77.3
79.2
76.2
66.3
56.2
55.4

78.9
87.3
85.3
81.3
76.7
68.0
65.9
69.7
70.5
74.2
69.3
70.4

60.6
65.9
67.4
63.6
68.5
71.7
75.2
76.9
72.7
61.9
61.0
60.0

51.9
60.2
61.2
54.9
60.8
62.6
66.1
68.4
57.6
49.3
47.5
47.0

80.9

59.9
69.7
73.5
64.8
56.6
62.1
69.2
72.4
66.3
61.4
48 6

110.0

100.0

88.1

68.0
68.0

111.1

113.1
115.1
111.3
106.1
103.3
95.5
99.4
106.2
105.1
97.8
96.3

96.7
102.9
107.2
106.6
102.5
98.5
94.7
99.3
103.2
100.2
92.9
90.7- -

100.1
101.0

78.1
91.1
99.0
89.6
79.2
75.8
75.9
81.8
84.4
79.4

67.6
-65.9

86.1
88.2
86.6

82.9
83.4
86.8
89.6
90.8
87.6
79‘4
76,2

99.9
106.6
103.9
88.2
88.8
101.0

48.5

65

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Textiles and their products—Continued
Month and year

Knit goods
Em­
ploy­
ment

19321
January____________
February________
March_____________
April--------------- _ _
M ay. _____ ______
June.. ____________
July_______________
August__ ____ _
September_____...
October ______ ___
November_____ ____
December__________
19331
January,.
___
February, __ _____
March_____ _____ _
April____ ________
M ay__________ ____
June , __________
July_______________
August,,, _________
September____
October___
, , .
November... _ _
December.._ ______
1

Pay
rolls

Silk and rayon Woolen and
worsted goods
goods
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Clothing,
men’s
Em­ Pay
ploy­ rolls
ment

94.7
96.5
96.5
93.7
89. 5
88.2
79.8
85.9
95.6
102.6
105.3
100.7

79.1
84. 7
83. 5
75.8
66.9
65. 6
54.0
61.8
77.9
89.1
88.3
79.2

84.4
84.1
70.4
64.3
55.9
50.1
50.3
65.2
74.4
78.7
73.8
72.5

64.3
62.4
47.0
41.9
34.7
30.3
31.4
44.8
50.3
54. 6
48.2
46.9

61.2
67.1
60.4
49.1
46.1
44.8
51.8
64.0
69.2
69.9
64.9
65.1

48.5
54.0
45.5
32.1
29.4
27.8
32. 7
42.9
48.0
48.4
42.4
44.0

88.4
93.3
94.7
89.8
83.4
77.7
66.5
74.0
86.4
91. 4
87.8
84.4

63.5
69.6
73.0
61. 4
50.7
43.7
36.0
47.2
59.3
61.6
52.6
46.9

76.0
81.8
81.1
74.7
68. 2
63.8
64.3
71.0
77.8
80.8
79.5
74.1

49.1
54.1
53.6
40.9
34.2
29.3
29.4
40.4
48.6
49.6
43.0
34.8

93.7
94.2
91.2
93.1
97.8
105.4
107.1
105.2
112.4
114.2
109.2

64.7
66.9
61. 4
65.1
72.2
79.6
79.0
91. 7
100.6
106.2

72.6
72.5
62.3
62.8
69.2
72.6
82.8
89.8
88.1
79.2
79.3
74.9

43.6
44.5
35.8
35.9
43.4
47.8
56.7
70.7
66.1
61. 4
60.0
55.3

65.0
71.3
54. 6
57.0
68.9
84.9
96.0
98.9
93.6
90.7
80.5
77.3

42.5
48.7
30.3
33.6
44.8
61.5
70.1
73.8
70.0
66.5
56.2
55. 7

80.6
87.9
85.5
89.5
88.2
89.0
88.3
90.3
95.6
95.8
87.7
80. 4

45.0
53.9
47.9
54. 3
48.8
49.5
50.9
59. 5
75.9
72. 7
58. 6
51. 2

70.8
77.7
75.9
75.2
73.7
79.6
86.9
88.6
89.8
87.8
81. 2
76.5

35.4
44.3
40.4
36.8
35.2
41.8
51.3
58.7
63.9
62.6
52.4
44.4

102.6

100.0
88.8

Data subject to revision when census figures for 1933 become available.




Wearing
apparel

66
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

a b l e

[3-year average, 1923-25=100]
Textiles and their products—Continued
Month and year

Clothing,
women’s
Em­
ploy­
ment

Pay
rolls

Corsets and al­
lied garments
Em­
ploy­
ment

Pay
rolls

Men’s
furnishings
Em­
ploy­
ment

Pay
rolls

Millinery 4
Em­
ploy­
ment

1923_______________ 104.3 103.2 105.2 103.4 94.6 93.6 103.2
1924_______________ 96.6 94.3 100.0 100.0 100.1 96.1 94.8
1925_______________ 99.1 102.5 94.8 96.6 105.3 110.3 102.0
104.2 104.7
1926______ . _
98.0
1927_______________ 121.0 123.6 90.0 96.7 125.7 139.5 104.8
133.7 132. 5
1928
105.7
1929_______________ 146.8 142.6 89.2 97.0 132.7 145.5 101.3
142.2 127.9
1930____________
91.3
1931_______________ 135.8 110.5 91.3 89.6 120.1 109.5 83.7
19321_______________ 110.4 73.9 88.0 74.0 99.2 67.0 76.3
19331_______________ 110.0 68.0 88.9 71.0 101. 5 62.7 75.9
1923
107.2 113.0
January _
107.2
112.5 123.3
February
111. 1
March_________ _ _ 116.0 129.1
113.0
112.0
110.4
111.4
April_____
104.1 96. 0
106. 6
May
97.1 88.4
June.. ___
100.0
100.9 98.7
July
100.1
102.8
105.1
102.3
August
106.3 93.9
102. 0
September..
104.3 107.6
October
98.8
95.4 89.3
November..
92.1
93.2 83.6
December___ . . .
93.7
1924
103.2 101. 3
January
96. 8
109. 5 112.4
February.
100.1
110. 7 111.9
March.
98.6
106.8 102.1
April... .
97. 2
95.9 84. 6
94. 2
May _
83.7 73.8
June__ _____
89.4
78.8 67. 6
July— ___ _.
89.2
90.6 92.9
91.1
August
95.2 102. 3
97.4
September
98.2 103.1
October
96.0
91.9 86.0
November________
93.0
95.2 93.0
95.1
December________
1925
97.7 102.2
January____ . . .
101.6
103.8 114.3
February _______
106.8
March___________ _ 106.6 117.6
109.5
102.9 102.4
April _____ _ _
108.9
95.3 89.9
M ay___________ _
102.6
89. 7 83.2
99.2
June
95.4 98.0
July— ________
98.8
99.0 104. 7
101. 2
August
100.4 104.2
99.4
September
98.3
October_____ ___ 102.2 112.3
98.5 103.9
97. 7
November.
97.1 96.7
99.6
December________
1926
101.9 107.4
101.2
January__________
107.6 120.1
105.9
February___ ..
March
111. 3 124. 5
107.1
106.1
April.
108. 5 107. 3
105.3 99.4
May______
102.6
99.4 92.6
91. 2
June
88.3
92. 2 84. 2
July
90.1
99.9 98.1
August
__
95.0
September _____ 104.0 103.1
107.2 112.3
93.8
October
N ovem ber
95.2
102.1
95. 7
99.3
December.._____ ... 111.5 111.7
i Data subject to revision when census figures for 1933 become available.
4 Based on millinery and lace goods trend 1923 through 1926.




Pay
rolls
100.8

94.5
104.7
103. 6
113.9
112. 3
104.0
88. 6
79.2
65.2
57.9

Shirts and
collars
Em­
ploy­ Pay
ment rolls
107.9
93.0
99.1
101. 7
105.1
106. 3
109.1
102. 7
104.0
90.5
99.0

109.7
91.9
98.4
101.9
109.9
107.1
109.2
90. 3
82.7
61.0
72.1

100.7
103. 7
115.8
110. 4
104.4
100. 2
97. 6
99. 4
101. 4
95.8
87. 8
92.5

108.1
106. 9
101. 7
103. 5
106.3
106. 5
105.8

110.3
109.9
115.4
116.8
115.6
112. 3
109. 7
96.9
105. 5
114.1
104.1
106.0

99.1
.
99. 3
92. 5
85.0
85.1
85.1
100. 7
94. 0
93.6
96.8

104. 2
103.3
103.0
100. 3
96.3
91. 2
84.3
77.4
85. 6
89.1
89.9
91.9

103. 2
104.0
104.3
102.4
96.8
88.0
79.6
69.9
83. 6
88.3
89.0
94.2

106.3
110.2
117.0
114.9
106. 5
102.0
97. 2
101. 0
97. 2
100.2
101. 5
102.7

92. 7
96.4
97.5
99. 3
100.2
98.9
98.7
96. 2
98.9
100.9
104.0
105.0

107.0
114.1
118.5
116.9
105.2
91.8
89.1
93.3

104.5
105.9
105. 5

102.1
101 2

102.2

100.1

99.1
105.7

110.0

111. 5

111.8
112.2
110.0

102.0

101.1

99.6
98.3
94.8
99.0
102.6
103.9
103.3

91.0
97.2
.
102.9
96. 7
96.3
92.4
90.6
101.3
104.3
107.2

101.0
100 2

105.7
106.6
106.9
106.6
101.7
98.8
93.7
91.3
95.0
104.9
106.9
104.8

67

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1928 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Textiles and their products—Continued
Month and year

Clothing,
women’s
Em­
ploy­
ment

Corsets and al­
lied garments

Em­
ploy­
ment

Millinery

Shirts and
collars

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

112.8
111.0

114.1
120.0
125.0
122.5
123.9

135.
140.2
129. 2
117.3
106.0
110.4
116.5
127.2
131.8
122. 4
126.2

103.3
107. 8
108. 3
108.0
104.3
98.9
96. 7
103.1
108. 0
105. 2
106.0
108. 2

111.3
118.5
118.0
118. 6
112. 2
107.5
100. 6
111.7
119. 8
118. 2
113.0
116.8

103.1 103.1
104.7 106.9
103. 2 108.1
102.3 106.9
102. 3 107.0
102.3
106. 4
101. 7 107.1
102.3 107.5
105. 8 110. 2
109. 2 Il7.4
112.1
118. 2
112.3 119.5

127. 6
135.1
139.4
137. 3
132.0
126.7
______ 122.3
127. 2
___ 135.1
- - - 142.0
139. 6
139. 5

133.1
144. 5
147. 6
133. 8
122.4
115.5
114.4
123. 7
135. 2
150. 6
133. 5
135.1

109.0 113. 8
116. 2 126.1
117. 7 128.9
117. 3 129.1
111.0
115.1
103.4 108.3
93.3 93.1
98. 6 106.0
104.9 116.6
101. 2
107. 5
98. 7 102. 3
97. 2 100. 2

141.1
148.5
157.1
155. 9
151. 5
144. 8
133. 3
_ __
_
138. 6
146.4
153. 9
146. 5
_ ____ 143.9

140.8
153.1
163. 2
153. 6
140.8
133.1
114.6
134.8
149.1
157. 5
137.9
133.1

102. 5 105.3 106. 8 103.1
108.9 115.9 108.1 109. 5
112.5 126. 2 110.4 114.0
114. 5 125.1 109.1 111. 4
106. 7 110. 3 108. 7 104. 9
100.1
105.2 107. 2 104. 3
90.7 85.0 105.0 106. 2
97.8 98. 5 107. 5 107. 8
101. 5 105. 2 110. 9 110. 2
99. 2 100.1 111. 9 113.9
90. 7 85. 7 111. 7 113. 6
90.8 85.1 111.7 111. 2

1927

1928

118.1
125.0
129.8
127.3
121.9

July
Anvust
September
October
N ftvp m h p.r
December
1929
January
- __ __
F e b ru a ry
March
_ _____
April
May
___- June
___
July
_ ____
August
S e p te m b e r

October
Novem ber
December
1930
January _ _____ February
__March
_______
April _ ______ M a y _________ ____
June.............................
________
July
August - - _______
September _ ______
October
_ ____
November __ _____
December ______
1931
January____________
February__________
March_____________
April______________
May________ ____
June... ----------------July_______________
August____________
September_________
October____________
November_________
December....................




Pay
rolls

Em­
ploy­
ment

Men’s
furnishings

Pay
rolls

Pay
rolls

120.1
8

145. 5 139.7
148. 2 143.5
158.0 158.3
154.8 141. 2
148.2 126.4
136.4 111.0
118.5 97.4
129.5 112.0
145.4 138. 5
148.0 139.5
136.7 114.6
137.3 112. 7
136.4
145.5
153.5
153.5
146.5
134.9
119.7
129.1
137.4
130.2
121.0
121.6

110.0

129.4
142.1
128.2
112.7
99.0
92.2
101.7
116.7
108.4
93.6
92.4

111. 1
111.0
110. 7
106. 8
104. 4
101. 7
100.3
99.0
103.9
108. 4
109 3
109.3

95.9 92. 6
101. 7 104. 0
106. 5 112. 2
104. 4 108. 2
95. 7 94.0
86.1
79. 2
75. 5 63.8
86.2
81.4
92.3 97.1
89. 7 86.1
81.0 72. 2
80.2 72.8
87.9
89.8
92.4
96.9
96.1
92.5
88.1
90.0
93.3
91.7
89.5
87.0

86.6

96.8
109.4
113.9
95.8
91.5
79.4
80.2
78.5
85.7
81.5
76.3

117.7
127.1
129.5
126.2
125.8
120.6
111.6

107.6
114.7
125.0
117.1
117.7

103.6
125.0
133.1
110.0
115.3
103.9
101.0
98.5
100.6
113.4
110.6
99.3

108. 2
109. 7
108. 9
107.1
101. 6
100. 7
97. 2
96.1
100. 2
102. 5
102.3
97.3

83.4
89. 6
95.8
91.8
83.7
79.4
74.9
85.0
87.5
83.0
75.6
75.1

92.5
98.6
102.7
104.8
105.6
103.9
103.5
105.7
109.3
111.8
107.9

75.7
86.8
101. 5
92.9
75.2
71.0
66.0
83.1
85.3
76.9
68.6
66.9

101.2

109.1
113! 5
113. 3
106.9
105. 7
102. 7
95.0
98. 6
102.4
113. 4
112.8
111.5

101.0
8

104.
100. 3
95. 6
85. 6
86.1
84.0
83. 7
85.7
89.7
87.1
80.1
73.6
81.7
86.5
87.7
88.3
83.2
85.7

86.1
86.8

85.2
77.8
69.5

68
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes o f employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Textiles and their products—Continued
Month and year

Clothing,
women’s

Corsets and al­
lied garments

Em­
ploy­
ment
19321
January____________
February__________
March_____________
April _
----------M ay. -----------------June--------- ---------July_______________
August____________
September.._ . .. ..
October-------------- N ovem ber...---------December_____ . 19331
January-----------------February---------------March_____________
April___
M ay___________ --June___________ --July_______________
August____________
September_________
October-----------------November_______ _
D ecem ber..-----------

Pay
rolls

118.4
123.1
128.2
126.0
118.5
107.2
75.0
88.4
110. 6
116.7
107.2
105.6

83.6
92.4
103.3
90.4
74.3
61.2
42.8
58.3
76.0
80.2
64. 2
60.2

80.9
93.8
96.0
93.4
90.0
87.9
80.7
82.2
85.4
89.7
88.5
87.2

80.5
89. 2
88.9
81.0
74.8
66.9
59.1
57.6
66.1
80. 0
72.0
71.6

101.3
104. 5
107.4
100.3
92. 4
92. 3
75.7
75.2
97.7
111.8
118.9
112.9

105.1
115.0
110.9
123.3

58.2
70.6
60.0
78.2
65.8
56.6
51.9
56.9
98.6
91.2
67.6
59. 9

85.7
91.1
90.9
90.0
89.2
89.5
88.2
89.9
93.8
84.7
87.2
86.4

64.1
75.4
63.6
67.6
71.2
72.4
68.6
78.4
82.3
75.3
65.9
67.6

100.3
102.9
98.0
96.1
94.8
102.4
108.4
111.0
101.9
109.2
107.3
86. 2

Millinery
Em­
ploy­
ment

77.6
80.4
84.6
67.2
57.7
59.2
47.1
43.2
62.5
75.3
81.4
67.4
53.2
56.0
53.3
51.3
54.7
61.9
61.8
79.1
69.8
81.0
74.1
55. 8

122.8
112.8

98.1
98.8
116.7
118.6
104. 1
93. 7

Em­
ploy­
ment

Men’s
furnishings

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Data subject to revision when census figures for 1933 become available.




Shirts and
collars

Pay
rolls

Em­ Pay
ploy­ rolls
ment

85.7
.
93.7
84.3
69.7
62.0
52.5
69.4
84.2
85.4
71.3
66.7

81.7
88.4
• 90.3
78.4
55.9
47.3
38.3
57.8
79.8
66.9
50.5
47.4

92.9
94.2
93.3
88.4
85.9
85.3
79.4
78.5
89.0
98.8
101.2
99.0

64.8
67.9
66.6
59.7
54.3
55.3
49.5
51.5
56.3
68.1
70.9
67.1

72.2
80.1
77.8
86.3
79.5
76.6
65.3
80.7
80.4
77.5
67. 4
66. 5

53.4
58.1
50.3
73.2
59.6
57.0
45.1
66. 5
77.2
59.0
47. 6
47.3

82.7
90.1
89.5
90.9
91.7
100.7
109.4
107.1
107.6
113.5
107. 7
96.9

49.0
56.0
56.3
57.0
58.6
69.8
72.1

91 2

88.1
88.6

101.9
90.7
77. 0

69

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Leather and its manufactures
Month and year

Group index Boots and shoes
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Food and kindred products

Leather
Em­
ploy­
ment

Pay
rolls

Group index
Em­
ploy­
ment

1923_______________ 106.6 106.9 106.0 107.6 109.1 107.9 102.1
1924_______________ 96.3 95.3 96.7 95.3 95.4 95.8 98.4
1925_______________ 97.1 97.8 97.3 97.1 95.5 96.3 99. 5
1926_______________ 96.6 98.9 95.6 96. 1 96. 7 99. 5 99. 5
1927______________
97.7 100.3 95.6 96.8 96.6 99.3 101. 7
1928_______________ 95.6 95.8 92.7 91.3 94.3 95.5 105.8
1929_______________ 98. 5 99.0 96. 7 95.6 91.1 92.8 112.8
1930_______________ 91.2 82.3 90.2 78.3 84.6 83.0 109.4
1931_______________ 84.3 72.1 85.3 70. 2 76.9 72.5 97.4
19321______________ 79.0 58.1 81.7 58. 5 69.1 56.0 86.4
19331______________ 83.3 62.9 83.9 61.5 81.3 66.8 94.4
1923
January___ ________ 110.9 111.7 110.1 114.6 114.6 105.1 89.5
February__________ 112.1 113. 7 111.0 116. 2 116.2 108.9 90.5
March_________ _ 111.8 116.1 111. 0 118. 9 115. 1 110.6 92. 7
April______________ 109.5 112.7 108. 6 114.6 113. 3 109.5 92.4
M ay____________ _ 106. 9 110.8 106. 5 111. 7 108.9 111. 1 93.8
June...
______ 103. 9 106.1 102.9 106. 0 108. 4 109.8 100. 6
July_______________ 102.2 99.5 100.8 98.4 107. 7 106. 5 108.5
August
_____ 105. 7 103.9 105.5 104. 6 106.3 104.5 116.1
September. __ __ __ 105. 1 103.8 105.1 104. 1 105.2 105.6 121.4
October _ __ __ . 104.2 102.9 104.2 102. 2 104. 9 108. 5 114.0
November_________ 104.1 99.7 103.8 98.3 105. 7 107.4 106. 1
December___ _____ 102.5 102.3 102.3 101.9 103.0 106.7 99.1
1
1924
January______ ____ 102.7 102.8 102.7 102. 8 103.1 105.6 94.0
February__________ 103. 1 104.1 103. 1 103. 8 103. 5 107.0 94.8
103. 3 103.2 103.8 103. 2 102. 4 104.8 94. 5
March________ _
April_______ _____ 97. 7 94.0 97.8 93.0 98. 1 99.3 91.9
M ay______________ 93.3 89.0 93.3 88.4 93.2 92.9 91.4
88. 2
85.0 87. 7 83. 3 90.2 91.1 95. 3
June__________
88.3 83.8 88. 6 83. 9 87. 4 83. 6 101. 0
July____ _____...
August____________ 92.8 94. 2 94.0 96.3 88. 2 87.4 107. 4
September_________ 96.3 99.4 97. 1 101. 9 92. 9 90.3 113. 2
97. 5 100.0 98. 5 101.3 94.0 94. 3 104.4
October___ _ ...
96.8 91.8 97.4 90. 7 95. 2 94.1 98.0
November_____
December___ ______ 96.1 95.7 95.8 94.4 96.8 98.8 95.3
1925
January____ ____ _ 99.3 99.4 99.6 99.1 97.8 98.8 91.0
101.1
104.1 101. 5 104.0 99. 0 102. 8 91.4
February________
M arch____________ 101.1 104. 5 101. 5 104.4 98. 7 102.4 90.8
April______________ 96.9 95. 8 97.0 95. 5 96. 0 94. 3 88. 6
May______________ 94. 7 95. 1 94. 8 94. 1 93.3 94.9 89.3
June________ ____ 90. 5 89.8 89. 7 88.0 93. 0 92. 3 96.4
July_______________ 93.4 93.7 93.6 94.1 91. 4 88. 3 105.3
August_______ _____ 98.2 103.8 99.3 105.6 93.1 93.4 114. 2
September_________ 100.1 99.8 101.2 100.6 95. 2 92. 6 121.9
October____________ 99.7 101.2 100.5 100.7 95.8 98. 1 109.4
November_________ 96.8 93.7 96.6 90.5 96. 3 98. 6 100.2
December__________ 93.7 92.4 92.8 88.7 95. 9 99.1 94.9
1926
January____________ 96.1 95.9 95.2 93.3 97.4 98.5 91.0
February________ . 98.0 101.2 97.4 98.9 98.4 101.6 90.1
March_____________ 96. 9 100.3 95.8 97.5 98.6 102.2 90.9
April______________ 92. 5 91.3 90. 7 86.8 96.4 99.4 89.1
M ay______________ 91. 2 88.3 89. 5 83.6 94. 5 97.3 90.6
June______________ 91.1 93.0 89.9 90.1 92.0 94. 7 97.1
July_______________ 94.8 98.3 94.0 96.8 93.6 94.7 104.4
August____________ 99.4 106.4 98. 9 105.6 96.4 99. 6 113. 3
September_________ 101.1 106.5 100. 6 105.4 98.3 100. 6 119. 7
October.................. . 101.0 106.7 100.3 104. 8 98. 1 103. 1 1 1 0 . 1
November.................
99.8 100.0 98.5 96. 7 98. 4 100.4 101. 7
December.................... 97.8 98.3 96.0 94.1 98.6 102.4 95.5
i Data subject to revision when census figures for 1933 become available.,.




Pay
rolls
100.4
99.4

100.2
101.8

104.0
107.6
113.9
108.9
93.0
74. 2
76.2
89.8
90.6
93.4
93.3
95. 6
100.7
104. 3
107.6
113.7
108.9
105.6
101.5

Baking
Em­
ploy­ Pay
ment rolls
100.1
101.1

98.8
101.4
105.9
112.2
123.6
121. 5
112. 6
101.2
101.2

91.0
95.3
98.3
96. 8
97.4
101.4
105. 6
104.2
103. 6
105. 6
101. 2
100.4

96.2 98.1
97.6 102.0
96.9 102. 1
94.4 99.9
95.3 100.1
98. 4 102. 6
101.4 102.0
103. 9 100.5
109.4 101. 5
101. 7 102. 2
98.8 101. 6
99.3 100.0

98.0
101.7
100.3
104.1
107.8
113.3
125.3
123.7
109.0
88.6
82.7
86.5
91.6
94.4
92.2
97.4
101.5
104.4
100.0
103.8
101.9

102.1
100.6

98.7

102.0
102.0
100.8

101.4
103.4
103.3
99.9
105.5
101.4
101.9

100.0

95.0
94. 5
94.3
90.8
94. 5
99. 4
103. 2
109.0
112.7
107.3
102.2
99.8

97.7 98.0
99.0 97. 7
97. 7 98.7
96.4 97.0
96. 7 100.1
99. 5 102.0
99. 1 100.5
97.4 98.7
98.8 100.6
103.3 105.5
100.5 102.3
98.9 102.1

96.4
95.6
95.8
93.3
97.2
101. 5
104.4
109. 9
114.4
109. 2
103.3

96.8
96. 9
99. 5
98.8
100.1
103. 7
103. 7
101. 9
103. 7
105.8
103. 6

100.6

102.1

100.0

100.9
100.5
104.5
107.1
106.3
103.5
106.0
107.6
105.5
102.8

m

,a

70
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1928 to 1933, and by months January 1928 to December 1933 — Continued

able

[3-year average, 1923-25=100]
Leather and its manufactures—Continued
Month and year

Group index Boots and shoes
Em­
ploy­
ment

1927
January-----------------February. _ _______
March_____________
April______________
M ay... _________
June..
________
July________ _____
August____________
September.. ______
October_________
November. _______
December__________
1928
January--------- -----February__________
M arch..
____
April______________
May__ ___________
June_______________
July_______________
August------- --------September____ ___
October____________
November___ _____
December— ________
1929
January_____ ____
February__________
M arch.. ... --------April____ _______
M ay. _________ ...
June_______________
July_______________
August____________
September________
October____________
November_______ _
December_______ ..
1930
January____________
February_____ ___
March_____________
April....... ...............—.
M ay_______________
June_____________ _
July_______________
August----- ---------September.. ______
October____________
November_________
December......... . ...
1931
January____________
February__________
March_____________
April_____ ________
M ay________ _____
June_______________
July_______________
August____________
September. _ --------October____________
November_________
December-----............




Pay
rolls

99.7
100.4
100.2
95.7
94.2
94.1
97.6

106.4
104.3
97.9
95.6
96.7

99.9
94.7
93.1

Leather

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

108.0
101.4
89.7
91.1

98.0
98.3
98.4
93.6
92.1
91.8
95.9
100.0
100.3
98.1
91.5
89.3

96.2
103.3
101.4
94.5
91.8
92.8
100.0
109.2
106.8
98.1
83.1
83.9

99.4
101.3
99.5
95.4
94.0
94.1
95.1
95.5
96.4
96 0
96.3
96.4

97.6
104.1
88.9
86.1
90.4
97.9
104.0
103.4
100.0
84.4
90.4

93.8
95.8
95.6
90.6
87.8
88.4
93.5
96.0
96.5
95.3
89.8
89.6

92.2
99.6
98.1
82.7
79.0
85.0
94.2
86.0

98.0
98.8
98.0
94.7
94.7
93.4
94.1
94.4
94.3
93.0
89.9
88.3

95.5
97.6
96.7
94.8
94.7
94.0
99.6
103.2
104.8
104.7
100.2
96.0

94.9
99.5
96.3
93.2
93.7
95.6
103.7
111.2
110.9
106.8
90.6
91.0

93.4
96.1
95.2
93.1
92.8
91.9
97.8
101.9
103.6
103.3
98.3
93.4

92.0
96.5
93.8
89.5
89.7
91.7
101.4
109.6
109.1
103.2
84.7
85.8

89.8
90.2
89.0
88.3
88.2
89.0
92.0
93.2
94.3
95.2
93.2
91.3

97.3
98.3
97.3
95.7
92.1
89.8
91.8
92.7
91.1
88.0
81.5
78.7

92.6
93.5
92.4
88.7
82.3
80.4
85.8
87.3
83.4
76.4
60.3
64.0

95.6
97.2
96.2
94.5
90.7
88.4
91.3
92.4
90.7
87.1
80.1
77.9

89.9
89.5
85.3
77.5
75.8
83.0
84.6
80.3
72.3
53.9
59.4
63.4
74.0
79.9
76.5
74.1
71.7
79.5
83.1
74.3
60.8
49.9
55.2

101.1
101.6

97.1
99.0
98.6
93.9
91.7
91.9
96.4
98.3
98.7
97.4
92.4
91.9

82.0
84.8
87.8
87.0
85.1
84.0
89.0
91.2
88.5
83.1
72.8
76.6

100.2

102.1
110.1

102.8

66.8

75.8
80.9
78.0
76.2
74.0
80.6
83.8
75.5
63.3
53.1
56,8

81.5
85.1
88.7

88.0
86.0

84.5
90.4
93.0
90.5
84.7
73.1
78.2

101.8
101.1

96.7
78.9

88.6

Food and kindred products—
Continued
Group index

Baking

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls

103.0
105.1
97.7
96.4
97.3
96.2
99.1
97.7
98.1
98.1

91.8
91.5
92.3
92.1
92.9
101.5
107.7
115.7
122.5
111.7
103.0
97.5

97.3
97.2
97.3
96.7
100.0
105.8
107.9
112.4
116.6
110.0
104.8
101.9

100.9
102.6
103.8
104.1
103.7
108.4
106.8
106.2
109.0
110.1
108.4
106.9

102.9
105.8
106.6
106.1
107.3
110.3
108.8
107.6
110.4
111.2
109.6
107.3

92.8
93.9
95.6
95.2
96.2
102.8
111.5
121.0
128.1
117.7
109.8
105.4

98.6
101.3
98.4
101.7
106.7
110.9
116.3
121.0
115.3
110.5
109.8

105.2
106.1
107.7
108.0
110.8
113.1
113.0
112.6
116.9
118.3
117.7
117.3

105.9
107.9
109.5
107.5
112.5
114.7
114.4
113.7
117.9
119.0
118.5
li7 .9

92.5
88.7
89.4
90.2
91.9
93.1
97.1
96.9
99.9
93.8
92.0

101.4
101.7
101.0
107.1
103.6
108.3
117.5
127.6
134.7
125. 5
115.4
109.2

105.6
106.2
105.0
109.1
109.0
111.8
116.1
123.3
129.4
122.6
115.4

115.3
118.2
119.9
122.2
125.0
125.6
125.0
128.2
129.8
127.7
126.1

115.4
119.2
120.9
120.3
125.3
127.4
127.6
126.9
130.6
132.1
129.8
127.9

89.5
89.0
88.2
87.6
86.1
84.4
83.9
84.1
83.7
82.9
79.9
76.2

89.1
89.3
86.5
85.7
85.2
83.8
82.3
83.8
82.0
80.1
75.6
73.0

103.4
102.4
101.2
104.4
103.3
106.9
113.4
121.1
133.4
118.8
106.1
98.6

108.2
107.2
105.0
107.2
107.4
110.3
111.2
114.6

123.1
123.1

103.5
98.7

123.0
124.2
123.1
120.5
121.6
120.4
118.4
116.7

125.8
126.1
124.7
125.7
126.2
127.6
125.3
121.7
124.6
121.7
119.3
115.9

77.6
77.7
78.5
77.8
77.5
77.6
79.5
80.5
77.9
75.1
72.2
70.6

71.3 94.3
73.7 91.9
75.6 91.5
75.3 92.3
76.0 92.8
75.4 95.6
76.7 100.7
78.4 107.3
73.6 114.7
103.4
68.8
63.5 94.1
61. 6 89.9

95.8
94.0
92.0
92.0
93.6
94.1
94.6
96.2
99.2
92.6
87.5
84.6

113.1
113.1
113.0
112.4
114.2
114.3
115.2
113.8
113.2
111.9
109.1
107.4

112.3
112.2
111.3
109.5
112.3
112.3
111.0
108.4
108.3
106.3
103.3
100.4

102.2

101.0
100.6

102.4
102.3
95.5
96.1
93.8
94.2
94.3
94.2
94.4
88.8
89.7
88.0

100.6

112.8

122.2
111.6

120.1

122.0
122.2

71

CHAP. 4.----KESULTS OF BEVISION
T

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]
Leather and its manufactures—Continued
Month and year

Group index Boots and shoes
Em­
ploy­
ment

19321
January____________
February__________
M arch_____ _____
A-pril--------------------M ay_______________
June_______________
July----------------------August------------------September-------------October___________
November_________
December--------------19331
January-----------------February---------------March_____________
April---------------------M ay__________ _
June_______________
July__ __________
August_______ ___ September_____
October____________
November_________
December__________
1Data

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Leather

Food and kindred products—
Continued
Group index

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Em­
ploy­ Pay
ment rolls

79.1
83.7
84.8
82.4
76.1
73.8
74.9
79.6
81.5
82.6
76.1
73.3

60.2
69.4
70.6
63.0
51.6
50.6
52.3
58.4
61.7
62.3
49.4
47.5

81.3
86.7
88.5
85.4
78.2
76.4
77.9
83.5
85.2
85.8
77.2
73.9

60.3
71.2
72.9
64.1
51.1
50.9
53.1
60.2
63.5
63.0
46.7
44.6

71.0
72.5
71.5
71.0
68.0
64.1
63.7
65.1
67.7
70.6
72.5
71.5

58.9
62.6
61.4
58.3
52.7
49.5
48.9
51.3
54.8
58.9
57.6
56.5

83.7
82.3
81.5
82.8
82.2
84.9
86.2
91.2
97.9
93.8
87.3
82.8

78.7
76.7
75.1
74.6
74/8
74.5
72.3
74.0
77.4
75.3
70.2
67.3

104.3
103.1
103.5
102.7
99.9
99.5
98.3
97.7

97.1
95.4
94.6
91.2
90.5
89. 2
86.0
84.5
85.8
85.6
82.7
80.7

76.7
80.9
80.1
78.3
79.9
83.4
89.5
92.9
90.7
88.9
79.1
78.7

49.3
56.5
53.1
51.8
57.3
64.8
72.4
78.2
77.5
72.3
60.1
61.1

78.2
83.2
82.7
81.6
81.6
84.0
97.3
93.2
90.3
88.3
77.0
75.8

47.9
56.2
53.2
52.9
56.5
63.1
71.4
77.7
77.1
70.1
55.6
55.7

70.8
72.4
70.5
66.4
73.8
81.1
86.3
92.2
92.5
91.4
87.8
90.8

53.2
56.5
52.6
47.5
59.2
69.5
74.8
78.6
78.2
78.8
74.3
78.8

79.1
78.2
77.0
83.0
85.1
89.7
94.5
105.4
120.9
115.9
104.8
99.2

64.6
63.0
60.8
67.5
70.4
73.5
76.8
82.1
94.8
91.1
85.3
84.4

95.8
95.4
94.6
95.7
96.8
98.1
99.5
102. 7
108.9
109. 1
107. 7

79.2
77.6
75.3
76.8
78.1
79.6
81.8
83.1
90.2
90.6
90.4
89.6

subject to revision when census figures for 1933 become available.




Pay
rolls

Baking

102.6
102.0
101.0
100.1

110.1

72
T

REVISED INDEXES— EMPLOYMENT AND PAT ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Food and kindred products—Continued
Month and year

Beverages

Butter

Canning and
preserving

Confectionery

Flour

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

1923 __ ___________ 104.9
1924_______________ 97.0
1925 _______________ 98.1
1926
_________ 1927 _______________ 96.6
1928
_ _ ______ _
1929 ______________ 101.3
1930 __________ _
1931 _____________ 85.5
19321____ - _____ 74.0
19331_______________ 127.9
1923

104.4
95.8
99.8

106.7
100.0
93.3
105.6
100.3
82.0
75.3
76.1

105.7
100.0
94.3
108.2
102.5
79.1
65.7
58.7

97.7
86.9
115.4

97.8
86.9
115.3
108.7
129.4
126.7
91.5
64.9
75.5

101.7
96.5
101.8
105.8
101.1
98.9
101.7
92.1
82.0
74.2
79.7

100.9
97.7
101.4
106.8
104.7
101.0
103.7
93.3
77.5
59.9
59.5

104.9
99.7
95.4
91.8
89.4
85.5
80.6
73.9
68.1
65.1
67.7

97.3
98.8
99.7
93.0
89.1
91.2
88.3
95.2
112.5
124.4
123.6
106.7

102.4
95.5
86.3
83.5
79.6
85.9
113.4
129.5

100.0

106.1
83.1
64.3
118.0

112.0

134.6
138.8
106.1
74.8
90.3

July
-August
Pept.p.mLot
October
N ovp.mhp.r
December _ 1924
January
93.6
February
93.1
March _ __- 94.0
April
86.6
May __ ______
83.0
June _____ - 87.3
July _____________
85.8
August hp.r - ______
94.0
Pppfprn
109.0
October - ____- 117.6
N ovember
107.2
December
106.2
1925
January ___- 96.0
February________
98.9
March - ____97.3
91.4
April _____ ____
May ______ __
91.1
91.8
June - - __
July _____________
89.3
August _________
98.9
September ________
111.0
October ______
120.7
November _ 119.5
December ________
116.2
1926
January _____ ___
106.7
February_________
107.5
March __________
104.3
96.4
April _____ - - 95.8
May - ___________
94.1
June - -- -- -- -93.1
J u ly ______________
A u g u st
97.7
116.0
September ______
126.5
October _ _____
120.0
November ______
110.9
December--------------\ Pata subject to revision when census figures for 1933 became available.




104.0
102.9
103.1
101.3
98.8
98.0

101.9
97.1
94.4
91.8
89.7
85.7
78.7
66.7
55.9
53.9

101.0

112.9
109.0
105.1

96.9
95.6
98.4
96.4
95.8
96.3
98.3
107.5
109.3
114.2
108.7
105.8

95.9 103.3
95.0 104.4
96.3 100.3
87.9 97.2
84.9 93.6
88.9 94.5
86.8
96.8
93.4 99.9
111. 6
102.5
116.8 103.4
106.0 101.4
109.4 98.5

103.2
103.4
101.8
101.7
93.7
95.6
96.9
101.6
106.9
105.9
101.1
99.6

97.6
100.2
100.9
88.1
92.5
91.7
86.9
97.2
106.7
119.5
117.6
118.3

99.6
95.6
90.9
87.3
89.6
94.3
94.8
98.7
100.1
97.6
95.7

99.7
102.7
96.3
89.0
88.5
90.7
96.8
97.0
98.4
105.5
100.9
99.4

93.9
91.1
90.3
86.4
85.2
86.2
91.0
96.7
96.5
96.9
95.6
91.2

96.3
93.1
91.9
87.8
87.6
88.8
93.8
100.8
99.7
102.5
97.8
92.4

100.0
101.6

121.6
111.1

105.0
106.8
105.3
97.1
97.8
97.5
93.0
98.7
114.8
128.2
120.5
116.8

100.2
111.8
111.8

100.8

73

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Food and kindred products—Continued
Month and year

Beverages
Em­
ploy­
ment

Pay
rolls

Canning and
preserving

Butter
Em­
ploy­
ment

Pay
rolls

Confectionery

Em­
ploy­
ment

Em­
ploy­
ment

Pay
rolls

1927

.Tnlv

101. 5 104.7
99.5 103. 5
96. 7 101.8
92.6 94.1
91.3 96. 7
94. 3 100.2
92. 3
88.8
94. 7 98.0
113. 4 115. 6
118. 8 119. 6
113.1 114. 6
108.7 115.2

89. 3
.7
.3
84.9
86. 6
87. 7
89. 9
90. 9
93.2
93. 3
91.1
88. 7

90.8
90.1
.9
85. 8
89.6
91.1
90. 5
92.4
94. 3
99. 7
95.1
93.3

88

98.9
98.9
89.0
92.9
93.9
86. 7
91.3
106. 6
122. 3
115. 7
115.5

88.4
87. 7
84. 0
83. 3
80. 8
83.1
85.8
86. 5
87. 3
86.1
85. 2

93.1
90.7
91.0
86.0
86.9
84.5
88.0
90. 7
91.9
96. 2
89.1
88.3

68.4
65.8
66. 5
121. 9
83. 4
103.1
170. 7
248. 7
282. 8
192.9
128. 0
82. 5

74.1 98.6 100.4
76.6 98.5 100. 5
71.0 96. 7 99.7
127. 9 92. 3 94. 4
92.1 92. 8 96.2
93. 0 91.8 95. 9
141.3 90.2 88.9
233. 0 95. 2 98.1
269. 0 110.2 112.6
174.0 122. 2 124.3
118. 5 117. 5 116. 6
82. 0 113. 9 117.1

82.9
85.1
82.0
78.2
76. 7
76. 4
81.1
82. 3
83.1
82. 5
79. 3
77.2

85.4
87.2
85.8
80.5
82.9
82.1
85.1
89. 7
93.1
90.4
83.3
83.3

61. 9
61. 2
66. 5
100. 0
87. 6
110.8
168.9
248. 7
330. 6
220. 2
128. 5
81. 0

65. 5 101.4 103.1
67.3 97.0 99. 5
94. 3 96. 5
66.8
95. 3 90. 5 92.9
88.4 86. 8 87, 9
107. 5 85. 0 89. 4
148.3 81. 5 79. 3
225. 4 79. 7 80. 6
281. 0 96. 6 100.9
184. 7 100. 7 100. 0
111. 3 97. 2 93. 4
78. 5 94. 5 96. 0

76.1
76. 7
76. 0
72. 9
72. 4
72.8
74. 5
74. 5
74. 5
74. 3
71. 9
70. 7

81.1
82.4
82.5
79. 2
77.4
79.4
78.4
79. 6
79. 6
78. 5
73.8
72.3

63.8
62.9
69.0
77.8
72.8
92.3
134.6
189.2
239.2
142.1
78.3
51.1

64.3
67.9
70.5
79.6
78.5
82.3
102.7
142.6
174.9
108.2
70.4
56.3

69.5
68.4
67.4
67.7
66.6
65.9
69.9
69.5

69.3
69.5
67.4

66.8
66.6

66.5

59.9

1928




Em­ Pay
ploy­ rolls
ment
88
88

__________

.Trine _ ____ _ _ _
July . ________
August _____ __
September - - __
October
November
December
1929
January ____February _______
March
__ _
April - - - __
May
-- June -- - __July ____________
August
September
_____
October_________ November _ __
December 1930
January - -- -- February - ___
March _________
April ______ _____
May _____- ___ _
June ___________
July ____________
August - __ ____
September _____
October___________
November ____December ________
1931
January_____ ____ February ------------March. _ ---------------April— -- ------------M ay.--------------------June.. --- -- - ---July. _-----------------August— ------------September..------- ...
October-----------------November________
December..-------------

Pay
rolls

Flour

96. 3
97.1
95.2
90. 8
89.9
88. 8
85.9
89.2
106. 0
119. 4
116. 4
112.1

79.4
80.3
81.7
86.0
89.0
92.8
97.3
94.2
89.3
83.7
76.8
75.1

76.6
78.3
80.6
85.6
88.9
91.9
98.9
94.4
87.4
77. 7
69.9
66.7

75.5
75.2
77.0
82.6
83.4
85.9
90.1

88.0
88.1

81.6
80.3
76.0

76.1
78.1
77.6
80.7
82.2
83.9
84.0
81.8
82.2
75.6
75.6
71.7

85.7
83.7
78.6
78.7
76.6
67.1
71.8
88.6
92.0
88.5

86.1

86.8

100.2

85.4
82.9
80.5
75.6
75.4
74.2
59.8
67.5
84.3
84.9
79.8
79.4

88.0

68.8
68.6
68.2

64.7
68.7
68.5

66.1
66.6
66.2

74

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Food and kindred products—Continued
Month and year

Beverages

Butter

Canning and
preserving

Confectionery

Flour

Em­
ploy­
ment
19321
January___________
February___ _ __ _
M arch.. _ _____
April___________
M a y .____
__
June--------------------July_______________
August------ --------September________
October________ ___
November_________
December______ ___
19331
January____________
February________
March-. _______ __
April_____ ______
M ay_______________
J u n e ..____________
July_______________
August____________
September________
October___ __ ___
November. - _ _
D e c e m b e r .... .
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

73.0
71.9
72.1
76.0
77.7
81.9
79.5
74.6
76.8
72.4
67.8
63.7

63.6
62.7
63.5
67.3
71.9
77.3
72.3
66.0
64.1
57.1
53.1
52.3

70.8
65.2
72.5
75.3
77.9
80.0
81.0
80.1
78.8
74.9
74.1
72.6

65.4
62.9
67.1
67.9
71.2
70.4
69.0
67.6
65.9
62.1
60.7
58.2

44.0
46.6
45.6
59.1
50.9
69.7
91.8
124.4
157.5
101.9
63.4
42.4

48.5
49.9
48.6
57.8
54.9
61.7
72.4
100.0
114.4
78.9
52.5
39.1

73.7
72.5
69.3
66.7
63.6
63.4
57.1
69.5
86.5
94.6
90.0
84.0

66.5
63.2
59.5
56.7
52.7
51.5
43.4
53.5
69.4
73.9
65.1
63.9

65.4
65.8
65.8
65.6
64.2
64.5
64.0
65.7
65.8
64.4
64.2

58.6
57.5
56.7
57.9
57.9
54.4
54.7
54.0
54.8
57.5
53.9
53.0

63.4
64.6
76.0
117.1
135.9
160.4
166.6
162.7
161.1
150.6
136.3
140. 5

51.0
51.3
60.2
115.8
136.4
156.6
160.9
153.8
146.2
131.9
120. 5
130.8

56.1
54.4
54.0
54.4
56.6
59.8
61.1
61.3
62.8
63.7
60.8
58.9

42.8
44.0
41.7
61.8
57.2
69.9
96.2
141.6
220.6
158.5
87.1
62.0

37.8
39.5
36.9
51.0
48.5
55.9
70.2
104.0
193.3
132.6
77.2
59.4

74.2
73.4
71.7
72.1
71.5
68.9
83.2
92.2
99.6
95.4
85.3

54.1
52.8
44.9
48.7
51.1
48.8
47.6
63.4
75.9
80.4
74.1
71.6

63.8
62.9
62.4
64.6
65.2
64.2
68.3
66.2
72.9
74.7
74.5
73.0

52.8
49.2
48.4
53.2
52.7
49.7
56.2
49.3
56.3
59.9
59.3
59.3

68.6

68.9
71.0
73.2
78.9
79.6
81.9
83.0
82.0
79.5
78.3
68.8

Data subject to revision when census figures for 1933 become available.




68.8

Em­
ploy­ Pay
ment rolls
66.1

75

CHAP. 4.----RESULTS OF REVISION
T

8*— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=1001
Tobacco
manufactures

Food and kindred products—Continued
Month and year

Ice cream
Em­
ploy­
ment

Pay
rolls

Slaughtering
and meat
packing
Em­
ploy­
ment

Pay
rolls

Sugar, beet
Em­
ploy­
ment

Pay
rolls

Sugar refining, Group index
cane
Em­
ploy­
ment

1923_______________ 99.2 98.7 104.7 102.6 92.1 91.1 103.4
1924_______________ 102.0 99.7 100.3 99.9 100.0 100.0 98.2
1925_______________ 98.8 101.6 95.0 97.5 107.9 108.9 98.4
94.8
1926 _
_______ 96.3 103.2 93.2 97.8
1927_______________ 94.0 100.6 94.0 98.9 90.0 87.5 94.9
89.4
95.5 103. 2 94.8 100.1
1928
1929_______________ 96.0 102.7 96.7 101.5 91.2 90.3 94.3
89.0 93.0 92.1 96.3
92.3
1930 _____
1931_______________ 76.0 76.9 84.1 82.2 75.8 68.1 80.3
19321_______________ 64.5 56.4 79.8 65.2 76.7 56.2 74.2
19331........................... 62.9 48.6 87.6 67.7 102.6 73.7 78.6
1923
69.6 78.0 103.5 101. 5
98.6
116.3
February__________ 70.6 79.2 99.0 94.2
76.1 85.3 97.8 95.6
123.4
120.4
April _____ - __ 84.6 94.9 97.4 97.3
108.0 103.4 100.7 98.8
117.5
125.8 115.7 103.5 103.4
111.7
June _ ___
104. 2
July
_____ 127.3 119. 2 106.2 104.1
114. 7 107.1 102. 3
120.1
91.0
August
September _ _ _ _ 112.7 105. 5 107. 5 104. 4
94. 7
103.3 99. 6 109. 2 105. 4
96.4
October
November ______ 96.8 94.9 111.6 111. 3
95. 2
December _____ 95.3 93. 6 113.0 112.4
71. 7
1924
92.7 89. 3 110.4 106. 5
January _________
73.5
92. 8 91.1 106. 5 103.4
February __ _____
104. 0
104. 2
March_____________ 95.6 94.4 102.1 99.3
April_____ _______ 102. 6 100. 7 97. 7 94.3
101. 6
May _ _____ _ 110. 5 106. 5 96.2 96. 0
109. 0
June____ ______ 113.1 112. 7 97.2 97.9
110.1
108.9
July_______________ 120.6 120. 7 98.6 100. 0
August____________ 118. 6 116.0 97.4 95. 5
103.7
106. 5
September_________ 110.0 104. 3 97.1 96. 2
October. ________ 96.8 92. 5 95.9 96.1
94.4
November.......... ........ 87.6 85.4 99.0 101.7
84.3
December__________ 83.6 82.9 104.9 111.3
78.7
1925
January_________ .. 81.3 80.6 103.8 106.1
80.3
February___ _______ 83.4 82.8 99.0 100.0
98.8
March_____________ 86.0 87.8 94.2 94. 2
105.8
April_______ ___ ___ 93.0 93.6 89.0 89.1
101.9
104. 5
May_____ ______ 101.6 102.8 89.5 92.2
June _____________ 125.0 128.3 92.3 95.7
102.7
103.7
July_______________ 121.4 128.6 93.5 96.2
101.0
August____ _____ _ 114. 5 119.3 93. 7 96.1
September.. ______ 110.7 115.8 94.1 93.8
99.0
96.3 98.3 94.9 99.4
96. 3
October________ ...
November__ _______ 87.4 92.7 97.7 103.6
92.5
84.9 89.1 98. 5 103.9
December.. ...........
93.8
1926
92.6
January______ _____ 82.6 87.9 98.6 103.7
102. 8
February___ _______ 84.1 89.4 94.9 97.9
March_____________ 85.9 93.0 90.6 94.4
101. 4
April___ _________ _ 90.6 96.6 87.0 90.2
100. 3
May _. _______ _ . 103. 6 110.7 89.1 94.1
97. 6
98.4
June_____________ . 113. 2 119.9 91.3 96.6
94.5
July________ _____ 115.0 124.3 92.1 96.6
August____________ „ 113.3 122.6 93.2 95.9
94.8
September_________ 101.9 110.7 93.9 100.0
92. 7
October____________ 94.5 103.2 95.0 99.9
89.8
November_________ 86.1 90.9 95.6 101.3
90.6
December________ _ 84.4 89.1 97.2 103.5
82.3
1 Data subject to revision when census figures for 1933 become available.




Pay
rolls

Em­ Pay
ploy­ rolls
ment

100.4
97.0
91.5
90.6
87.5
91.4
89.7
79.6
68.7
67.0

105.7
98.8
95.5
90.9
93.4
90.7
83.9
78.3
72.1
64.0
59.7

104.1
99.4
96.5
92.1
91.0
86.1
81.8
72.7
60.1
47.3
42.5

93.6
110.4
117.2
114.4
116. 5
112.4
100. 2
89.4
98.2
103. 2
96. 5
79.1

108.6
107.9
108.9
105. 5
105. 5
105.5
102.9
99.7
104.7
105.9
107.1
106.0

108.6
104.1
107.8
103.0
101.8
104.5
100.6
90.9
101.0
108. 3
108.3

74.9
108.0
106. 5
103.1
112. 3
117.6
108.0
107.8
107.9
94.3
84.0
80.9

101.9
102. 6
100.9
97.4
97.0
96.6
97.8
96.9
99.4
92. 3
101.6
100.6

103.7
102.7
102.0
93.5
96.1
99.3
96.6
96.4
100.5
91.5
104.4
106.6

81.1
97.6
108.1
99.9
103.1
101.4
99.5
100.8
97.4
90. 5
92.1
92.3

95.8
96.8
97. 5
89.8
95. 5
94.0
94.0
93.0
95. 2
98.3
97.8
98.2

99.7
93.0
94.2
79.3
96.7
96.1
94.6
95.7
95.7
102.9
104.7
105.3

86.8
100.1

88

.3
92.8
92.3
88.7
88. 5
91.8
88.9
86.8
91. 2
93. 7
93.7
93.5

91.4
89.6
94.1
87.8
87.2
93.0
89.5
88.7
93.9
97.9
97.1
95.0

102.6

99.8
97.4
96.2
95.2
89.1
91.8
86.4
89. 9
84.3
81.4

110.8

76

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 .— Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933 — Continued

T able

[3-year average 1923-25=100]
Tobacco
manufactures—
Continued

Food and kindred products--Continued
Month and year

Ice cream

Slaughtering
and meat
packing

Em­
ploy­
ment
1927
January______ _ _
February_________
March. J _
April.._
.
M a y .____. . . __
June.
July___ __________
August. .
September.. _____
October__
November. _ _
December
1928
January___ _ _ _
February
M a rc h ..__ . . .
April. __
M ay__. . .
June.
July_____
August
September
October
November
December
1929
January__
February
March___. . .
April. __
M ay. . . .
June________ _ _ .
July___________ _ _
August_____ __ _ __
September.
October. ..
November________
December..
1930
January____. . . _
February. _
March. ______
April___
M ay____
June________ ___ .
July...
August—
September
October__ ___
November. _
December______ ...
1931
January____________
February.......... ..........
March . . . ____ ...
April____________ _
May
June.. ____________
July_______________
August____________
Septem ber.._____
October__________ _
November...................
December................ .




Pay
rolls

Em­
ploy­
ment

82.5
83.4
86.2
90.9
98.8
106.8
111.0
108.0
99.9
91.3
86.2
83.4

87.7
87.9
92.3
97.4
105.1
113. 1
119.3
115.1
108.1
98.5
92.6
89.9

97.3
95. 6
91.6
89.7
90.8
96. 9
97.1
93.2
93.2
92.7
93.9
96.2

98.1
94. 2
93. 6
97.3
102. 5
103. 5
98.4
98. 6
97.6
99.1
102. 3

81.4
81.7
85.3
92.2
99.4
107.0
116.6
114.4
104.3
93. 4
86. 7
84.1

90.1
88.3
92.0
99.3
106.4
114. 6
128.9
123.9
111.8
99. 6
92.9
90.8

95.5
98.1
95.7
92.2
91.3
94.3
94.8
92. 7
92. 2
93. 4
96. 3
101. 2

83. 2
82.6
84.0
93.9
97.7
110.7
114.9
112.7
107.0
94.9
86.4
83.4

87.3
89.5
91.3
101.2
105.4
118.6
123.7
118.7
114.1
100.6
92.2
89.7

80.2
80.3
83.2
88.8
100.3
101.4
104.8
102. 5
92.4
83.7
76. 7
73.4
71.9
71.9
72.9
74.9
79.8
86.4
90.4
88.5
81.3
70.2
62.8
60.8

Sugar, beet
Em­
ploy­
ment

Sugar refining, Group index
cane
Em­
ploy­
ment

Pay
rolls

Em­ Pay
ploy­ rolls
ment

84.9
91. 9
95. 2
98. 7
101.0
102. 5
101. 3
97.8
98.8
93.0
87. 6

80.1
84.1
87.8
90. 7
96. 7
100. 2
96.8
96. 2
91.4
93. 5
87.4
82.8

85.1
91.4
91.6
89. 9
91. 4
93.9
94. 3
88. 3
98. 3
100. 6
100. 3
96.0

82.4
85. 5
87.2
84.3
90.3
93. 7
92. 7
86. 7
97.9
98. 9
98.0
94.5

104.8
100. 6
94. 8
95. 7
100. 6
100. 5
95. 9
97.8
98. 4
102. 1
108.9

80.9
85.3
87.3
90.1
84.8
83.4
93.2
94. 2
92.1
95.1
94. 9
91. 4

79.2
84.1
89. 2
87. 7
82.0
81.4
91.1
92. 3
89.0
93. 9
89. 6
90.4

87.8
91. 3
91.9
89.1
89.9
90.3
84. 8
91. 2
92. 8
94. 9
94. 2
90.7

84.4
84.3
85.1
78. 8
82.3
87.6
82. 5
86. 0
89.9
91.8
90.4
90.2

107.1
102. 5
96.5
96. 5
98.0
101. 5
103. 6
99.4
102.3
101.8
102.4
106.4

89. 9
92. 0
97.6
97. 8
94. 4
97.6
96.8
99. 7
90. 5
97.7
92.1
85.8

85. 9
88. 7
96. 3
97.9
95.0
96.1
90.8
97.3
85. 6
95.8
84.3
83.4

78. 7
86.1
85. 7
84. 6
83.3
83.9
82.8
84. 7
85. 2
85. 9
86. 7
79.4

72. 2
77. 7
79.4
80.8
80. 6
82. 7
81.8
84.2
86. 7
87.2
86.9
81. 2

83.7
81.9
85.2
93.9
106.8
107.2
109.1
106.5
97.4
87.3
81.0
75.7

99.3 104.4
98.3 101.8
93.4 96.2
90. 7 95. 6
91.2 96.4
93.6 98.6
91.8 96. 6
89.3 92.5
89. 1 94.2
88. 7
92.7
89.9 93.6
90.3 92.9

92.1
91.3
95.1
95. 9
98.5
94.2
100.6
93.1
91. 6
87.4
87.9
79.4

.
94. 3
88. 7
97. 2
94. 2
98.4
90.5
91.4
85.6
84.2
77.1

75.0
79.3
79.9
78. 7
79.8
79.8
79.0
75.4
78. 7
79.0
78.4
76. 5

70. 5
73.1
74.0
70.5
75.1
77.3
74.9
70.6
73.3
71.4
70.3
71.1

74.8
76.9
77.2
79.4
82. 4
87.1
90.3
86.4
80.3
68.1
61.3
58.3

90.6
88.0
84. 1
83.2
84. 2
83.7
82.4
81.3
81.3
81.8
83.0
85.7

80.9 77.4
79.2 80.5
81.4 82.8
82.5 82.2
77. 9 78. 7
79.4 „ 80.9
82.8 86.1
82.8 82.1
81.1 80.1
77.8 76.3
80.2 75.6
77.8 72.4

68.3
75.4
75.0
72.7
73.2
72.5
72.1
72.0
72.4
72.8
72.5
65.9

59.0
59.9
62.6
60.3
62.6
62.9
62.0
60.8
57.6
59.4
59.3
54.2

101.2

98. 9
94.1
92. 2
93.6
95.9
96. 7
95. 7
96.4
97.3
97.8

100.8

Pay
rolls

Pay
rolls

102.1

101.0

95.6 125.3 89.7
90.1 29.9 37.6
83.8 26.6 34.2
83.2 26.7 31.8
84. 6 27. 4 33. 0
83.7 31.4 36.4
81.7 36.1 39.0
78.5 47.8 46.9
77.1 49.8 52.4
76.3 161.3 121.9
74.0 184.3 166.6
77.9 163.4 127.2

86.2

88.8
86 2

77

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes o f employment and pay rolls in manufacturing industries, by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

able

[3-year average, 1923-25=100]

Tobacco
manufactures—
Continued

Food and kindred products--Continued
Month and year

Ice cream
Em­
ploy­
ment

19321
January______ __ _
February___ _
March______ _ _ _
April_______ __ _
May__________ _
June___ ___ _ _ __
July----------------------August____________
September_____
October.
_ __
November_________
December________
19331
January________ —_
February__________
M a rch ..______ _
April______ . - -_May_______ __
June..
_ -_- -- _
July----------------------August______ ______
September.. — . _
October
November.
_ __
December..
_

Pay
rolls

Slaughtering
and meat
packing
Em­
ploy­
ment

Pay
rolls

Sugar, beet
Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

60.4
60.6
60.5
62.9
67.9
75.0
73.9
72.3
67.8
60.7
56.7
54.8

57.5
57. 5
57.5
58.8
61. 5
64.8
63.1
60. 7
56.3
50.3
46.1
42.9

84.0
82.5
78.8
77.9
79.7
79.1
78. 2
78.1
80.0
80.5
79.1
79. 1

74.2
70.9
66.9
66.4
68.0
65.9
62.5
60.6
63.2
63. 2
59.8
60.8

46.2
23.2
24.1
26.3
30.4
36.0
37.0
47. 4
56.8
194.0
216. 2
182.3

39.8
28.6
26.6
28.0
32.6
33.5
31.1
38.5
46.3
118.0
146.7
105.1

77.0
73.6
74.5
72.4
73.9
72.6
73.7
74.3
75.3
75.7
74.3
72.6

70.0
69.2
71.5
69.2
70.5
68.5
71.2
70.7
70.3
66.4
64.2
62.8

54.3
54.7
54.8
56.0
59.7
69. 1
70.8
73.0
74.3
68. 0
61.8
58.6

43.0
42.6
42.1
43.0
46.5

77.6
77.7
75.7
76.4
80.4
82.9
85.2
94,2
102.2
101. 5
98.9

59.9
58.9
54.8
58.9
62.1
64.9
66. 5
72.1
78. 2

103.7
44.5
32. 2
35.6
39.6
44.3
47.7
73.9
83. 2
225. 7
262. 3
238.7

62.6
31.5
28.3
30.2
31.7
34.0
37.7
55.6
62.8
153. 0
191.6
164.8

69.8
72.0
72.5
72.9
75.8
76.1
78.1
81.9
84.2
90. 5
89. 2
79.9

57.7
59.2
66.7
66.7
69.9
70.6
73.4
69.7
66.8
69.7
70.8
62.9

53. 7
54. 7
56. 2
55.9
52. 6
47. 5
45. 5

98. 0

77. 7
76.6
82.0

1 Data subject to revision when census figures for 1933 become available.

91911°—35---- 6




Sugar refining, Group index
cane
Em­
ploy­ Pay
ment rolls
63.5
64.8
62.9
61.8
63.4
62.8
62.7
64.3
63.3

49.0
49.4
48.1
45.5
44.7
48.1
47.3
45.6
46.9
48.4
48.2
46.4

55.7
58.6
53.3
52.0
59.2
61. 2
60.3
62.2
61.7
64.6
66.0
62.1

35.7
37.1
33.4
33.4
42.1
43.7
43.6
44.5
48.2
51.2
50.1
46.5

66.0

66.0
66.8

78

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industriesf by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Tobacco manufactures—Cont.
Month and year

Chewing and
smoking tobacco
and snuff
Em­
ploy­
ment

Pay
rolls

Cigars and
cigarettes
Em­
ploy­
ment

Pay
rolls

Paper and printing
Group index

Boxes, paper Paper and pulp

Em­
ploy­
ment

Em­
ploy­
ment

Pay
rolls

1923_______________ 102.7 101.4 106.2 104.5 99.2 96.2 100.0
1924_______________ 102.7 101.6 98.2 99.2 99.7 99.5 99.5
1925_______________ 94.6 97.0 95.6 96.3 101.1 104.3 100.5
1926_______________ 93.1 94.0 90.4 91.8 104.1 110.8 102.1
1927_______________ 82.6 84.8 94.9 91.8 104.1 111.0 99.2
1928_______________ 75.6 77.4 92.8 87.2 105.0 112.3 96.3
1929_______________ 68.0 71.3 86.0 83.1 111.3 119.5 97.9
1930_______________ 69.8 71.3 79.4 72.9 108.0 114.6 90.7
1931_______________ 71.9 69.0 72.1 58.9 96.3 97.3 81.8
19321_______________ 76.2 66.0 62.5 45.0 85.0 74.8 70.5
19331_______________ 74.5 63.1 57.9 39.9 86.2 69.3 77.0
1923
January------------------ 105.7 105.7 109.0 109.0 96.9 92.4 93.9
February ------------- 105.6 98.9 108.3 104.7 97.3 93.2 94.5
March_____ -_- .. 98.4 94.8 110.4 109.4 99.6 96.1 98.1
April______________ 98.5 96.9 106.6 103.7 99.7 96.8 97.3
M ay______ ______ 104.4 101.9 105.8 101.8 98.9 97.6 96.8
June..- . ------- - 104.8 102.0 105.8 104.8 99.6 97.2 98.3
July.. ------------------ 106.4 105.7 102.7 100.0 98.9 96.3 99.6
100.4 97.4 99.7 90.1 98.9 92.8 100.9
August_________
September.. ... _ _. 101.3 99.8 105.2 101.2 99.1 95.6 102.7
October------- ------- 104.7 108.1 106.2 108.4 100.0 98.1 106.4
104.1 103.8 107.7 108.8 100.6 98.1 106.9
November.
December-------------98.4 102.1 107.1 111.9 101.0 100.4 104.3
1924
January------------------ 106.7 107.9 101.3 103.2 100.7 99.8 100.1
February ------------- 110.8 115.5 101.5 101.2 100.4 100.1 100.0
M arch.. ---------------- 109.1 112.0 100.0 100.8 100.4 100.7 100.6
April------------ ------ 107.3 99.3 96.1 92.9 99.9 100.6 99.2
M ay. ---------------- 103.4 95.9 96.1 96.1 99.4 99.8 95.6
June.. ------------------- 96.8 96.4 96.5 99.6 98.8 98.5 95.4
July. ------------------ 99.9 92.9 97.6 97.1 97.0 94.5 93.3
August____________ 97.3 96.9 96.9 96.3 97.1 94.9 96.5
September------- ------ 101.2 103.3 99.2 100.2 99.6 99.1 100.8
October____________ 101.1 101.0 91.1 90.4 100.1 100.9 104.9
November. _ .. __ 100.2 94.1 101.7 105.6 100.9 101.3 105.1
December____ ____
98.0 103.6 100.9 106.9 101.5 104.3 102.9
1925
January____________ 96.3 103.9 95.8 99.1 100.7 103.0 98.8
February__________ 102.0 105.8 96.0 91.4 100.7 102.7 100.3
March------------ ...
95.8 97.6 97.7 93.7 101.5 104.4 98.8
April. _ ---------------- 91.8 91.1 89.4 77.7 100.6 102.9 98.5
M a y ______________ 92.9 96.2 95.8 96.7 99.9 102.6 97.2
June.. _ . ---------- 91.4 96.9 94.3 95.8 99.6 101.8 96.1
July_______________ 94.2 96.2 93.9 94.3 99.7 100.7 96.4
August__ - - - - - .
95.5 97.6 92.6 95.4 99.4 101.0 97.1
September------94.1 97.3 95.4 95.4 100.6 102.4 102.1
October----------------- 96.4 98.1 98.5 103.5 102.3 107.5 106.4
November. _ . ... 92.9 90.2 98.4 106.3 103.5 110.2 108.1
December.. __ __ _ 92.1 93.2 98.8 106.7 104.1 112.3 106.4
1926
January____ _____ 92.2 92.4 87.6 91.2 103.8 109.9 102.1
February__________ 99.3 106. 3T 91.7 87.4 103.1 109.4 100.9
March. _______ . 102.3 103.1 90.8 92.9 103.6 111.4 100.7
April. . ___ ___ 96.7 96.7 87.4 86.6 103.1 110.6 99.1
M ay_______________ 92.9 93.7 87.9 86.4 103.1 110.4 98.4
June_______________ 92.4 96.1 91.7 92.6 103.1 110.3 98.5
July_______________ 92.6 95.2 88.4 88.7 102.7 107.8 100.0
August _______ - . 93.9 90.9 85.8 88.4 103.0 108.1 101.2
September.. _______ 89.9 91.8 91.3 94.1 104.6 109.9 103.5
October. _________ 90.5 93.6 94.1 98.4 105.9 113.0 106.8
88.3 82.9 94.3 98.8 107.0 113.9 108.3
November.
86.1
85.6 94.3 96.2 106.6 115.2 105.2
December. _____ _
i Data subject to revision when census figures for 1933 become available.




Pay
rolls
97.3
99.7
103.0
106.9
104.0
102.0
102.9
91.6
79.0
60.1
62.7

Em­
ploy­ Pay
ment rolls
100.0

97.3
102.7
105.8

102.2
100.8

106.1
102.5
89.5
82.4
90.3

87.7
88.7
94.2
95.5
96.2
98.0
97.8
96.7
99.3
103.7
104.6
104.9

95.5
97.1
102.3
104.0
102.9
103.7

98.9
99.3
102.4
100.0
96.6
95.3
89.6
94.1
101.8
106.0
106.9
106.0

97.0
98.4
98.3
98.5
98.2
97.7
94.4
94.8
96.1
97.6
98.0
98.0

101.0
100.2
101.6

99.1
99.4
97.8
98.3
100.7
101.4
109.9
114.4
112.4
106.4
105.9
106.2
104.6
104.0
102.5
103.1
103.6
106.2
114.8
114.5

110.6

101.2
101.8

98.7
98.0
97.2
97.9

98.2
100.4
103.3
103.4
102.8
101.4
102.7
102.5
102.1
104.7
104.7
105.6

98.4
97.5
104.1
109.1
105.3
105.3
112.5
104.6
82.1
61.7
64.9
91.6
93.9
99.4
101.8
103.9
104.0
100.9
99.0
97.3
96.9
95.4
96.9
95.6

100.2
100.6

99.4
98.3
95.8
89.3
93.1
95.8
100.3
99.3
101.9

101.3
103.9
106.6
105.2
103.3
101.1
100.7
102.2
98.7
107.1
109.1

110.0

105.7 108.5
105.9 110.0
106.2 110.2
106.7 109.9
106.9 109.4
106.3 109.6
105.1 104.6
105.3 108.4
105.9 108.1
106.3 111.2
105.6 110.1
104.0 109.4

79

CHAP. 4.----RESULTS OE REVXSIOH
T

8 . — Indexes of em ploym en t and p a y rolls in m anu factu ring in d u strie s, by
years 1923 to 1933, and by m onths J a n u a ry 1923 to Decem ber 1933 — Continued
[3-year average 1923-25=100]

able

Paper and printing—Continued

Tobacco manufactures—-Cont.
Month and year

Chewing and
smoking tobacco
and snuff
Em­
ploy­
ment

1927
January-----------------February. ----------March-------------------April---------------------May______________
June_______________
July_______________
August------------------September_______
October____________
November------------December__________
1928
January____________
February. ------------March____________
April_____ _____
May____________ -June_______ ____
July_______________
August____ _____
September_________
October-----------------Novem ber------- -- December--------------1929
January-----------------February _ ---- -March__________ _
April---------------------M ay. __
---------June_______ July_______________
A ugust____ --- September_________
October______ November..- _ _ ---December ________1930
January... ___ _ February---------------March_________ _ -April— ----------------M ay. -----------------June----------------------July_______________
August----- ---------September-------------October __ ------------November ------------December__________
1931
January. ........... ......
February__________
March_____________
April............................
M ay________
June_____________
July______ _ _____
August____________
September_________
October_______ —
November_________
December...................




Pay
rolls

Cigars and
cigarettes

Group index

Boxes, paper Paper and pulp
Em­
ploy­
ment

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

84.9
91.4
91.8
91.0
92.9
95.8
96.6
89.4
100.8
102.9
102.7
98.1

81.1
84.4
87.0
84.8
91.2
94.6
93.8
87.3
100.2
100.3
100.2
96.2

104.7
104.8
104.8
104.1
103.1

111.5
111.8
112.7
111.5
111.0
109.3
107.2
108.6
109.7
111.5
112.4
114.7

92.3
93.4
90.7
92.1
92.5
87.1
93.7
95.5
97.8
97.0
92.9

84.4
84.0
85.7
79.2
83.1
88.7
83.9
87.4
91.5
93.6
92.8
92.0

104.6
104.4
103.7
102.8
103.6
103.7
103.9
104.6
105.1
106.9
108.3
108.6

92.1
90.3
82.2
79.9
79.5
76.7
79.9
79.5
83.2
81.8
80.4

92.7
94.8
89.2
80.1
82.5
86.4
83.4
81.7
79.1
87.3
79.1
81.3

82.9
84.2
80.9
77.4
74.1
73.9
68.5
72.5
72.9
72.7
73.3
73.3

84.6
87.0
79.8
75.4
74.9
78.5
71.3
75.1
76.5
77.9
71.9
75.5

73.9
74.6
72.8
67.6
65.3
66.4
62.9
63.7
67.4
64.5
66.1
71.0

78.3
77.5
72. 2
71.3
67.6
72.9
67.9
69.3
68.4
70.5
66.0
73.1

79.4
87.6
87.4
86.8
85.6
86.2
85.4
87.5
87.4
88.7
89.4
80.5

71.5
77.8
80.3
82.0
82.3
84.0
83.5
86.1
88.9
89.3
89.5
82. 2

107.8
109.0
109.0
108.8
109.3

72.6
71.3
71.5
68.2
67.6
68.4
67.8
68.8
70.1
70.3
70.1
70.5

76.9
77.1
74.8
70.0
69.4
71.7
69.2
71.4
71.8
66.2
67.6
69.0

75.3
80.3
81.0
80.1
81.4
81.3
80.5
76.4
79.9
80.2
79.4
77.3

69.7
72.7
74.0
70.6
75.8
78.0
75.6
70.6
73.5
72.0
70.7
71.4

75.4
75.9
75. 2
66.3
70.2
68.5
68.1
70.4
70.1
72.4
74. 7
76.1

73.2
74.3
71.7
63.8
67.9
67.0
67.2
68.9
66.6
69.2
67. 0
70.9

67.4
75.4
75.0
73.6
73.6
73.0
72.7
72.2
72.7
72.9
72.2
64.6

57.2
58.1
61. 5
59.8
61.9
62. 3
61.3
59.8
56.4
58.1
58. 3
52.1

86.1

88.6

100.0

98.1
97.2
96.6
95.7
95.8
96.4
97.7
101.1
104.4
105.3

Pay
rolls

Em­
ploy­ Pay
ment rolls

102.3
102.7

103.9
104.0
103.7
103.5

102.2
101.0
100.1

101.2
100.8
101.1
102.1
102.1
102.0
101.8

106.4
108.5
108.4
106.6
104.9
103.1
101.3
104.2
102.8
105.8
105.3
106.1

102.2

98.7
99.4
102.6
106.0
112.4
112.1
108.0

111.4
110.9
111.2
111.4
109.8
110.3
112.2
114.7
115.1
117.2

97.4
95.7
95.6
93.4
92.7
93.1
92.4
92.9
96.8
101.7
103.7
99.9

101.4
98.9
100.7
97.5
98.0
101.0
96.3
97.5
102.9
109.9
113.1
107.2

115.2
117.1
119.2
117.7
119.0
110.0
118.5
110.8
116. 5
111. 5 118.0
113.8 122.0
114.3 123. 5
115.1 123.1
115. 7 124. 5

94.2
94.6
94.5
94.8
94.4
95.0
96.0
96.9
100.9
105.7
106.1
101.7

98.1
99.7
101.7

113.5
112.1
111.7
110.2
109.8
108.5
107.2
106.1
104.7
104.4
103.8
103.8

94.3
92.3
91.9
90.5
88.8
88.9
88.3
89.8
91.3
92.2
91.4

108.4
108.4
107.7
106.9
106.4
105.4

88.1

94.8
93.8
94.8
91.9
89.6
90.7
89.2
89.5
92.4
94.0
91.8
86.4

98.5
97.2
94.8
94.7

115.4
114.6
113.5
111.9
109.6
97.9
100.6
97.4
96. 6
93.3
92.4

83.0
81.8
81. 9
81.9
81.2
80. 5
79.7
80.6
82.6
84.1
83. 3
80.7

79.0
79.7
82.2
81.4
81.0
79. 2
76.3
77.6
77.3
82.2
78.0
74.3

91.9
91.6
91.1
91.0
91.6
89. 7
89.8
89.8
87.8
87.8
86.3
85.2

87.3
90.9
90.0
88.1
87.7
83.1
79.4
81.1
74.9
76.4
74.2
71.9

102.8
102.2

103.0
103.9
104.6
105.5
105.8

101.2

99.7
99. 2
98.6
98.3
96.0
95.1
94.5
93.3
93.7
93. 0
92.5

111.8
111.2

120.8

120.7
120.5
118.8
118.5
116.7
111.6
111. 1
110.0
108.8
108.5
108.8
104.1
103. 2
104. 3
102.7
101.8
98.1
94.7
93.9
90.9
91.9
90.7
90.8

100.8
100.2

99.3
99.4
99.8
107.1

112.6
111.0

104.6

100.7
100.0

99.4
99.8
99.4
99.3
100.2
99.9
101.3
101.9
102.2
103.5
102.3
103.1
104.0
104. 4
105.0
105.1
106.1
106. 2
107.1
107.6
108.7
108.2
108.0

100.8
100.8

103.7
104. 9
105.3
104. 3
103.8
103.8
101.2
104.7
104.9
108.3
109.0
109.2
108.1
111. 5
111. 7
112.0
111.9
111.8
110.0

113.6
113.7
116.4
114.6
114. 7
112.1

80
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Tobacco manufactures—Cont.
Month and year

Chewing and
smoking tobacco
and snuff

Cigars and
cigarettes

Paper and printing—Continued
Group index

Boxes, paper Paper and pulp
Em­
ploy­
ment

Pay
rolls

73.9
72.6
72.5
71.8
68.4
68.4
65.9
65.9
69.1
72.8
73.4
71.2

65.3
64.8
65.6
63.2
58.3
57.5
52.6
52.6
58.7
63.6
61.3
57.7

85.0
85.4
85.6
84.0
82.5
80.6
79.4
79.4
81.4
82.7
82.5
80.1

67.7
71.5
71.3
66.9
64.1
58.3
53.7
54.6
5L7
60.9
58.7
54.6

51.1
53.5
51.1
50.8
£5.6
61.1
65.3
71.1
75.9
75.6
71.9
69.0

79.3
79.6
79.5
79.7
82.1
84.9
89.9
97.6
103.1
104.1

52.5
54.3
52.9
53.3
58.7
63.2
68.3
76.2
77.6
77.5
72.4
71.9

Em­
ploy­
ment
19321
January____ _____
February__________
March_____________
A pril______________
M ay_______________
June______________
July_______________
August____________
September_________
October......................
November________
December . . . ______
19331
January____________
February_________
March____ ____ ____
April______________
M ay_______________
June______________
July_______________
August____________
September_________
October____________
November__ ... ...
December__________
1

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

78.8
79.3
76.2
74.6
74.6
76.7
75.2
76.1
75.0
77.0
76.5
74.4

74.9
72.6
65.0
64.6
64.1
65.6
62.6
64.3
66.4
65.6
64.3
62.1

61.6
64.3
63.3
61.5
60.2
61.7
61.1
61.0
62.9
64.7
65.5
61.8

45.8
46.6
46.0
43.1
42.3
45.9
45.5
43.3
44.6
46.2
46.2
44.4

90.7
89.0
87.0
85.3
83.6
82.1
80.8
82.3
83.9
83.6
83.1

85.5
83.5
82.3
79.8
76.9
72.8
68.9
67.1
69.8
71.7
70.0
69.5

77.1
73.7
71.7
69.1
72.5
74.9
72.0
75.8
76.7
78.6
77. G
75.2

66.4
58.5
53.2
55.6
62.6
63.4
61.0
68.0
68.9
68.9
64. 7

53.0
56.7
50.9
49.8
57.5
59.4
58.8
60.4
59.8
62.9
64.7
60.4

31.8
34.5
30.9
30.6
39.6
41.2
41.4
41.6
45.6
49.0
48.3
44.1

81.6
81.5
80.0
79.8
80.6
82.3
84.1
88.7
92.7
94.5
94.2
94.5

66.7
65.6
63.1
62.2
64.9
66.4
67.9
71.0
74.7
76.0
75.6
77.2

66.1

88.2

Pay
rolls

Data subject to revision when census figures for 1933 become available.




66.6

67.6
68.3
66.3
68.4
72.9
77.1
85.2
90.0
91.6
87.5
82.8

Em­ Pay
ploy­ rolls
ment

102.2
101.1

81

CHAP. 4.----RESULTS OF REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Paper and printing—Con.

Chemicals and allied products

Printing and publishing

Month and year

Group index
Cottonseed—
petroleum Chemicals oil, cake, and
Newspapers Group index lessrefining
meal
and
Book and job
periodicals
Em­
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment roll ment roll ment roll ment roll ment roll ment roll

1923___________ 98.3 95.5 98.9 94.7 102.9 102.2 102.9 102.1
1924___________ 100.7 100.0 101.0 100.6 96.7 96.3 96.9 96.8
1925___________ 101.0 104.5 100.1 104.7 100.4 101.5 100.2 101.0
1926___________ 104.9 112.5 101.7 110.3 106.7 108.8 105.6 107.6
1927___________ 106.9 114.1 102.2 111. 1 104.1 107.9 102. 7 106. 7
1928___________ 107.4 113.6 104. 5 113.6 102.9 108.1 102.4 108.1
1929___________ 113.1 118.7 111.0 121.8 115.6 121.0 113.4 118.5
1930___________ 110.9 115.6 109.9 119.4 109.5 112.2 105.8 106.6
1931___________ 100.7 99.1 101.8 108.0 95.1 91.8 92.5 87. 5
19321__________ 85.8 73.4 92.8 88. 6 84.0 70.4 81.1 65.8
19331__________ 79.4 62.5 93.3 80.0 94.7 74.3 93.5 71.6
1923
January.. ... - 98.3 94.5 98.2 91.6 101.7 96.4 102.8 96.3
February--------- 98.5 94.8 97. 5 92.0 104.0 97. 5 105.4 97.7
M a rc h ..--------- 98.8 96.3 98.0 93.4 105.0 101.5 106.0 101.4
April--------------- 98.3 95.6 97.7 94.4 103.1 103.3 102.6 102.5
May. ------------- 95.9 94.8 99.1 95.7 104.4 105.8 103.1 104.8
June_________ 97.1 94. 1 98.4 95.0 102.4 104. 5 100.9 102.9
July---------------- 98.0 95.1 97.2 93.3 100. 6 104.8 98.7 103.2
August-------- - 96.7 88.3 97.2 91.7 101.0 101.0 99.7 100.0
September... . 98.0 95.0 98.9 93.7 102.8 102.8 102. 5 102.3
October.. ------- 98.5 98.1 100.7 97.3 103.2 105.7 103.8 106.7
November___ _ 99.8 98.0 102. 0 98.1 104.0 101.2 105. 4 103.5
December____ 101.4 100.8 102.4 100. 6 102.3 101.3 103.9 103.8
1924
January.---------- 102.5 103.8 102.3 98.9 101.0 97.9 102.4 100.7
February______ 101.1 100.9 101.8 99. 3 102.1 99. 6 103. 5 101.9
March________ 101.2 101.1 101.7 100.4 102.7 101.9 104.2 104.0
April__________ 99.3 100.4 102.3 102.1 101.4 100.8 102.4 102.5
M ay__________ 99.9 99.8 102.0 101. 5 96. 6 98.3 96.4 98.7
June.. . . . ------ 99.4 98.2 100. 7 101.3 90. 0 93.0 88.1 91.3
87.3 88.4
July___________ 98.8 94.7 99.5 99.4 89.4 90.0 88.6 90.5
August----- ------ 97.9 94.7 98.9 96. 6 90.2 91. 7
September------- 100.9 99.4 100.8 100.2 94.2 93.0 93.9 92.8
October ... ... 100.9 100.4 100.0 101.0 96.8 94.7 97. 5 95.5
November__._ 101. 6 100.8 101.0 102.2 97.9 97. 5 98.8 97.5
D ecem ber..___ 104.3 105.2 101.5 104.8 98.6 97.2 99.7 98.2
1925
January---- . - 104.6 106.4 100.2 101.5 97.9 96. 6 98.9 97.9
February___ .. 102.9 103.8 99.2 101.6 98. 7 99.4 99.6 100.1
M a rc h ..--------- 102.7 105.6 100.1 102.3 100.5 102.7 101.8 103. 4
April ________ 100.5 101.4 99.3 103.7 100.7 99.4 101.7 99.9
May. ---- -------- 99.0 101.5 99.4 104.3 94.1 98.9 93.4 97.8
June... .. ... 99.2 101.3 100.2 103.9 93.8 97.3 92.2 95. 6
July___________ 99.1 100.7 99.0 101.7 95. 4 97.2 93.5 95. 5
August---- . - 98.8 100.0 98.6 101.2 96. 6 99. 5 94.8 96.8
September_____ 100.0 103.4 99.3 104.5 103. 5 101.2 102.8 100.1
October---------- 100.3 106.4 100.7 108. 5 106. 7 107.0 107.0 106. 2
November_____ 102.1 110.0 101.8 109.9 107.7 109.2 108.1 108.8
December._____ 103.3 113.2 102.9 113.3 108. 6 109. 2 108.9 109.6
1926
January----------- 105.1 112.5 101.3 109.1 107. 3 108. 7 107.6 108.6
February______ 103.1 109.7 101.2 109.1 107. 6 107.7 107.9 108.1
March_____... 104.2 114.0 101. 7 110.2 108.4 109.8 109.0 110.0
April__________ 102.9 111.6 101.3 111.0 106.8 108.8 106. 5 108.4
M ay. ----------- 102.7 110.9 101.7 111.4 102. 4 106. 9 100.9 105. 3
June__________ 103.6 112.0 100.8 109.9 102.1 108.0 99. 8 105. 8
July__________ 103.5 110.3 99.8 107.8 101. 5 104. 5 98.8 102.4
A u g u st..._____ 103.5 109.8 99.8 106.3 102. 8 106. 0 100. 3 103.1
September____ 106.1 112. 2 100.8 108.4 108. 8 109. 4 107. 4 107. 6
October_______ 106.3 113.0 103.1 112.4 111. 6 112.3 110.8 111. 2
November. __ . 108.6 114.9 104.3 113.5 111. 1 111. 7 110. 4 110. 6
December-------- 109.7 119.2 104.2 114.6 109.4 111. 7 108.3 110.3
i Data subject to revision when census figures for 1933 becpme available.




105.7
98.0
96.3
109.2
99.5
85.1
72.9
87.2

87.8 83.9
98.1 100.5 94.9
111.7 121.2
127.0 151.3
120.0 109.0 118.9
103.5
84.2 84.5 88.5
63.0 89.7 79.0
71.9 87.2 74.2

101.8

100.1

82

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933 — Continued

[3-year average 1923-25=100]
Paper and printing—Con.

Chemicals and allied products—Continued

Printing and publishing

Month and year

Group index
Cottonseed—
petroleum Chemicals oil, cake, and
Newspapers Group index lessrefining
meal
and
Book and job
periodicals
Em­
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls ment rolls

1927
January_______
February.
..
March. I______
April...................
M ay__________
June__________
July___________
August________
September_____
October_______
November___
Decem ber.____
1928
January_______
February______
March .1______
April__________
M ay__________
June__________
J u ly __________
August ___
September. ____
October______
November_____
Decem ber.____
1929
January_______
February______
March _______
April__________
May__________
June__________
J u ly ....................
August________
September------October_______
November_____
December-------1930
January----------February______
March________
April__________
M ay__________
June__________
July___________
August________
September_____
October_______
November_____
December_____
1931
January----------February______
March________
April__________
M ay---------------June__________
July----------------August-----------September..........
October_______
November..........
December...........

107.2
107.7
108.5
106.2
105.9
105.5
104.2
105.5
106.8
105.9
108.5
110.4
109.8
110.1
106.8
104.1
106.2
105.4
107.1
107. 7
106. 2
107.1
108. 5
110. 2
110.3
112.7
112.4
109.7
111. 1
111.2
113. 5
113.8
116.7
112.9
115.3
117.9
116.5
114.4
114.1
111.9
112.2
110.5
111.8
109.6
106.3
106.8
107.1
109.5
108.3
106.1
104.1
103.1
102.6
99.5
98.9
99.3
96.7
96.0
96.5
97. 6




116.6
115.9
117.7
114.0
113.0
112.2
109.5

111.6
112.6
112.0

114.2
119.6
117.3
114.9
114.1
112.2
112.7
112.2
112.7
112.0
113.6
113. 3
111.4
116. 5
115.5
118.0
121. 5
116.3
119. 0
117. 6
115. 2
116.3
121.6
119.8
119.9
123.5
121.9
120.5
120. 5
117.2
118.9
117. 4
115.5
113. 3
110.9
108.5
109.5
112.6

109.8
106.2
106.6
104.6
102.8
99.1
96.4
96.2
91.6
90.5
91.3
1 94. 4

103.2
103.4
103.2
103.2

110.6
110.6
111.6
112.8

102.8 113.5
102.0 111.0
100.9 108.4
99.9 107.2
100.0 109.5
102.0 111.3
102.2 112.4
103.2 114.3
102.3 111.4
102.3 111.3
102.9 111.8
103. 9 113.3
104.1 113. 5
104.1 113.8
103.4 111.4
103.3 110.2
104.4 112.9
106.3 116.0
108.0 117. 5
109.3 120.3
108.2 117.8
108.4 117.9
108.3 119.7
109.1 120.3
109.8 121.4
110.3 121.4
109.8 118.8
110.2 119.6
112.3 123.4
114.5 126.4
115.2 126.4
116.2 128.0
113.4 123.5
112.4 122.7
112.1 123.0
111.4 122.9
111. 1 122.2
109.7 120.3
109.0 116.3
107.2 115.1
107.8 116.6
108.0 116.0
108.7 116.7
107.4 317.2
105.7 111.9
103.9 110.6
105.7 113.6
104.9 113.0
104.7 112.7
102.7 109.6
100.4 105.8
98.0 102.7
98.1 103.3
99.8 104.9
99.2 103.7
1 98. 9 104.0

110.1
8

109.
110.5
108.4
100.9
98.5
98.0
97. 9
103.0
104.6
104.6
102.9
100. 7
101.8
102.7
101.7
95.6
96.2
96.8
97. 8
104.9
110.6
112.0

113.4
112. 7
113.9
116. 9
118. 5
110.4
109.1
111.2
114.0
118.6
122.1
120.8

118.5
116.1
115.7
116.2
114.3
108.1
105.4
105.7
105.9
108.1
108.2
106.0
104.3
100.9
99.7
97.2
100.7
97.1
93.5
92.4
91.0
92.6
93.3
92.3
90.9

111.1

114.4
115. 5
112.9
106.0
106.8
102.3
103.3
105. 2
106.0
105.1
106.0
104.1
105.4
106.8
106.9
102.8
103.3
105.1
106. 3
110.4
114.5
115.2
116.6
115.6
118.5
119. 8
123.0
118.7
117.9
119.0
120.3
124.1
126.6
125.4
122.7
119.0
120.2
120.4
118.3
115.0
112. 5
110. 2
107.9
108.3
107.7
104.4
102.2

97.9
99.3
96.4
98.7
97.2
93.0
90.6
88.4
87.7
88.0
83.0
81.9

108.8
108.3
108.9
106.9
98.3
95.4
95.0
95.3
102.1
104.8
105.5
103.4
100.7
102.0
102.9
102.0
94.4
94.4
94.7
95.6
103.7
111.3
112.9
114.3
113.5
114.2
117.3
118.4
107.7
105.5
107.1
130.1
115.1
119.2
117.8
115.3
112.4

110.3
112.5
113.6
111.2
103.8
103.8
99.8
101.2
104.6
106.2
105.7
107.1
104.3
105.9
107.5
107.4
102.5
102.3
103.6
104. 5
109.6
115.2
116.1
117.8
116.8
119.1
120.1
122.5
116.1
114.6
114.8
115.9
119.2
122.5
121.6
118.4
114.7
111.8 114.7
112.8 115.5
111.0 112.9
103.7 109.1
100.2 105.2
100.5 103.3
101.0 100.5
104.6 102.2
105.7 102.8
104.0 100.2
101.8
97.8
97.9 92.9
96.7 93.9
96.2 93.4
98.4 94.3
93.7 92.5
90.0 88.4
89.0 85.7
87.8 84.0
90.2 83.9
91.3 85.0
90.3 79.0
88.4 77.5

108.4
110.0
110.9
111.7
109.6
108.3
107.6
109.3
109.0
109.3
107.6
108.7
104.5
102.9
100.7
100.0
99.7
97.4
98.8
98.6
98.5
99.3
97.8
96.2
93.4
92.2
89.6
86.7
85.2
84.6
84.3
80.7
83.3
83.4
80.6
77.6

119.4
121.7
122.4
125.2
122.1
119.6
118.8
116.3
117.2
119.1
119.3
119.2
112.4
109.8
109.8
107.0
106.5
103. 5
100.4
98.6
98.7
99.5
98.1
97.7
90.4
92.1
90.9
87.4
86.4
84.9
83.3
79.5
81.9
83.0
76.6
74.1

______
______ _____
_____
______
______ _____

______ _____
______
_____
128.0 130.9
107.7 105.5
89.5 87.3
83.3 84.4
58.9 65.2
47.8 53.7
45.7 50.9
44.6 53.0
70.3 77.3
98.3 104.5
124.4 128.8
115.4 120.6

83

CHAP. 4.— RESULTS OE REVISION
T

8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1928 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Paper and printing—Con.

Chemicals and allied products—Continued

Printing and publishing

Group index
CottonseedGroup index less petroleum Chemicals oil, cake, and
refining
meal
Month and year Book and job Newspapers
and
periodicals
Em­
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls ment rolls
19321
January_______
February--------March________
April__________
M ay....................
June_________
July___ _______
August-----------September..........
October_______
November..........
December_____
19331
January....... .......
February______
March -----------April_____ ____
M ay__________
June__________
July__............ .
August................
September_____
October_______
November-------December_____

96.8
92.8
90.3
88.7
87.2
84.6
83.3
79.9
80.8
81.8
80.9
81.9

90.4
84.5
81.6
78.4
75.9
71.3
68.0
64.4
66.5
67.6
64.7
67.4

89.8
89.8
89.1
89.0
84.7
77.1
75.7
75.1
82.5
84.6
85.2
85.0

78.1
78.7
77.5
75.6
73.0
67.7
63.5
63.0
66.5
67.6
67.5
66.4

87.2
87.5
87.0
86.9
81.7
72.3
70.9
70.5
79.5
82.7
83.5
82.9

80.8
80.0
76.0
75.1
75.1
76.0
75.5
79.1
81.6
82.9
83.9
87.1

65.4 91.5 81.7 84.0
62.4 91.0 79.3 85.4
59.0 90.1 77.0 84.9
57.1 90.9 76.2 86.4
59.0 90.8 76.7 85.7
59.3 90.5 76.6 87.9
59.5 90.1 75.5 92.3
60.6 90.8 76.4 99.1
64.3 94.8 81.6 106.0
65.6 98.0 84.4 109.1
67.0 99.6 86.4 108.4
71.2 100.9 88.2 107.6

66.4
66.4
65.3
65.1
68.0
71.3
74.1
77.9
81.5
85.5
84.6
84.9

82.0 62.3 72.9
83.4 62.5 74.0
82.6 61.0 73.7
84.4 61.0 72.7
83.3 64.2 75.4
85.6 68.2 80.5
91.1 71.9 87.9
99.1 76.6 96.8
106.4 80.2 101.2
109.2 84.3 103.2
108.1 83.1 104.0
106.7 83.5 103.5

96.8 97.6
95.4 94.9
95.1 94.4
94.6 93.5
93.6 91.1
91.9 87.5
90.3 84.3
89.6 82.2
90.7 83.8
91.8 84.7
92.1 84.8
92.2 84.9

73.4
74.4
73.7
71.9
68.1
61.3
56.9
56.6
61.9
64.5
64.3
'63.0

i Data subject to revision when census figures for 1933 become available.




76.6
75.9
75.9
74.8
73.5
71.4
70.1
69.4
70.2
72.3
72.8
72.3

70.1
69.7
69.9
67.0
64.7
60.7
57.7
57.7
57.6
60.9
60.7
58.9

97.7 97.4
103.5 98.3
99.9 89.9
88.2
80.1
74.6 68.1
51.0 52.3
60.3 56.1
58.9 55.8
99.5 80.0
116.2 89.2
117.4 93.3
109.7 87.9

59.5 78.5 65.8
60.5 87.2 67.7
59.3 82.4 65.5
58.5 59.7 46.3
62.8 49.7 43.6
68.2
60.0 55.1
74.4 67.3 61.2
81.0 80.2 71.5
80.6 116.7 98.9
85.7 134.9 119.9
85.1 117.1 101.1
86.6 112.2
94.3

84
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

8 . — Indexes o f employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

able

[3-year average 1923-25=100]
Chemicals and allied products—Continued
Month and year

Druggists’
preparations

Explosives

Paints and
varnishes

Fertilizers

Petroleum
refining

Em­
ploy­
ment
1923_______________
1924_______________
1925_______________
1926_______________
1927_______________
1928_______________
1929________________
1930_______________
1931_______________
19321_______________
19331_______________
1923
January_____ ______
February_________
March_______
April____________
]Vfay_______________
June_______________
July__
_____
August__________ _
September_______
October_____ ______
November____ ___
December__________
1924
January..___ _ _
February___ _ __
March_____________
April_____ ______
M ay______________
June__________ July_______________
A ugust-___________
September. ____
October____________
November_________
December________ _
1925
January____________
February__________
March. ______ _ -April_______ ____ _
M ay_______________
June. _______ _____
July______ _____ _
August____________
September______ _
October_______ ____
November - _____December______ __
1926
January _
__
February- __ - _____
March
April____ ________
May
June
- - ___
J u ly ______________
August,
__
September _____

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls

97.7
96.8
105.5
108.3
110.4
106.6
116.4
108.2
103.2
90.3
90.7

91.8
97.5
110.7
113.4
119.2
113.1
124.4
116.3
105.3
82.4
81.0

108.5
94.8
96.7
98. 7
98.5
95.4
95.3
79.7
80.4
66.4
76.3

109.5
97.6
92.9
92.2
97.6
92.2
102.0
74.7
66.9
45.3
52.3

100.5
93.1
106.4
107.6
113.4
111.0
78.8
62.4
82.5

99.1
93.6
107.3
118.4
106.9
109.1
108.3
104.2
73.4
49.6
55.8

95.6
97.6
106.8
117.5
122.3
94.4
82.2
85.7

91.6
99.8
108.6
123.3
129.6
90.3
66.8
64.3

103.0
96.1
100.9
110.8
109.9
104.7
124.4
124.9
106.2
96.1
99.8

102.3
94.6
103.1
112. 7
111.9
108 3
129.2
130.4
105.8
85.4
83.1

98.2
99.3
99.0
96.9
93.9
93.6
93.6
95.1
97.6
101.6
100.7
103.1

91.0
89. 3
91.8
89. 6
88.3
87.3
86.7
88.3
91.2
99.2
100.9
97.4

93.9
96.9
97. 6
106. 7
111.9
107.3
110.6
113.1
119.3
123.4
120.7
112. 2

97.5
114.2
130. 7
121.3
89.2
76.1
83.4
90.9
102.9
103.4
100.0
96.5

87.2
95.1
113. 7
116. 8
95.1
83.9
94.0
91.8
108.5
103.9
98.2
100.5

97.6
98.9
100.9
105.7
110.0
108.7
108.0
106. 7
104.1
100.9
98.4
96.0

96. 6
96.8
101. 7
105.9
108.9
109.3
110.5
104.0
104.5
102. 2
93 8
93.3

98.8
93.7
90.1
89.9
90.1
89.3
91.2
92.9
93.6

97.9
105.4
107.4
105. 7
100.3
92. 5
90.8
90.2
91.2
97.0
99.3
94.0

98.1
110.9
139.8
131. 3
87.0
61.9
60. 2
65.9
89.9
89.9
89.8
93.0

98. 8
103.6
128.5
126.0

88.6
68.0
66 2

.
71.4
92.1
92.1
92.3
95.0

95.4
96.3
96. 5
97.4
97.5
97.9
97.9
97.0
95.4
94.1
94.2
94.1

93.5
93.4
94. 7
98.0
99.2
97.3
99.3
99.9
99.0
96.7
95.5
93.9

88.4
94.1
98. 3
94.3
97.8
92.9
93.2
96. 2
93.4
93.5
88.0
84.1

96.5
103.9
143.8
160.0
85.8
69. 5
75.3
89.8
114.3
116.3
110.3
111.3

96.9
99.2
134.8
148.9
90.9
76.0
84.6
95. 7
117.0
116.0
110.7
116.9

94.0
95.0
95.0
96.5
97.3
100.1
103.0
104.4
106.1
105. 7
106. 2
107.0

92. 5
97.0
100. 5
97.7
102.5
103.1
102.7
108.4
105.0
109.4
110. 2
107. 9

105.7
106.5
106.3
108.3
108. 7
111.3
112.7
112.9
114.6
114.9
114.2
113.9

108. 9
106.7
109.0
110.3
112.0
115.4
111.1
115.6
115.6
115.9
115. 2
116.5

102.6

101.4
98.6
96. 5
92.4
90.1
90.7
93.3
96.4
99.4
99. 5

101.2
100.8

100.3
102.7
102.8
103.1
103.4
102.3
106.4
111.2
110.4
111.8
110.6

103. 9
107.2
109. 3
108.3
109.8
108.0
109.7
107. 6
108.0
118.2
119.3
119.2

107.8
108.8
108.3
108.5
110.1
109.5
111.7
118.6
108.9
105.1
103. 5

102.1
102.1

112.6
90.6 76.7 117. 5 122.7
116.8 89. 9 80.6 133.6 133.3
116. 9 90.2 87.4 167. 2 166.5
118.3 91.0 88.2 150.0 151.4
115. 3 90.4 88.1 99.1 106.0
114. 9 94.6 89.4 81.0 89.9
104. 7 99.9 92.9 80.3 90.7
103.0 100.5 94.5 89.2 96.9
107.5 106.6 98.2 117.5 126.4
October
_ __
116. 3 liO. 2 104.0 113.4 118.0
November
117. 7 111. 2 104.1 108.6 112.8
December
112.2
117. 2 109.5 102.8 96.0 106.5
1 Data subject to. revision when census figures for 1933 become available,




106.2
108. 3
109. 3
108.8
106. 6
106.8
98. 7
106.8
110.5
112. 5
113. 3

95. 5
97.9
98. 9
95.5
92.9
92.3
90.7
95.9
98. 6
102. 5
102.6
106.1

102.0
102.6

112.8
100.8

.9
92.1
95.1
95.1
97.1
98.7
95.1
95. 7
93. 5
92. 0
97. 5
93.8
88

85

CHAP. 4.— RESULTS OF REVISION
T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933 , and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Chemicals and allied products—Continued
Month and year

Druggists’
preparations
Em­
ploy­
ment

1927
January___ _ ____
February
March.
April. __
M ay_____
June.
July. _
August
September
October. _ _
November
December
1928
Januarv...
February __
March ___
April______
M ay______
June..................
July.. _____ _
August____ _ .
September
October. _
November. _
December_____
1929
January. _
February
M arch.. .
April__________.
M ay_________
June. ________
July_____ _ _
August. _
September____
October __
November
December_______
1930
January. _ _ _
February._
March
April.. _____
M a y .___
June__________
July____________
August
September. _ _ _
October_____ .
November.
December
1931
January.._________
February____ ____
March______
April___ _________
M ay_______________
June____________ ...
July_______________
August___ ____ .
September_________
October______... _.
November_________
December.................




110. 6
111. 5
110. 4
109. 9
105. 9
107. 5
101. 9
109. 7
112. 5
116.3
115. 5
113.5

99.5
106. 5
105.4
103. 7
100. 9
103.1
97. 6
106.9
112. 8
114.8
114.9
112.9

Pay
rolls

131.6

103.6
96. 5
96.6
92.2
95. 6
98.9
99.9
99.4
100.5
98.6
99.6

95.9
100. 5
98. 7
95.9
94.9
94. 6
95.5
95.9
95.7
102. 7
101.8
99.5

104.2
113.5
144.9
153.4
95.7
68.9
67.6
75.4
100.8
97.2
94.2
93.8

117. 7
140.8
155.0
99. 5
77. 9
77. 9
85. 8
115.4
101.8
99.1
101.3

* 111.2
110. 9
109.0
10 6 .8
103.9
101.2
100.5

108.8
112.4
110.4
108.8
110.2
100.7
113.6
114. 6
121.9
122.4
120.3

96.4
99.7
92.9
92.9
91.2
89.8
91.6
88.8
96. 3
100. 0
101. 0
103.7

89.2
89.9
89.4
91. 2
87.1
84.1
85.3
82.6
90. 4
104.8
106. 2
106. 5

99.2
116.0
161.2
164.3
93.7
75.1
75.7
82.0
107. 8
107.4
102.6
106.0

103. 7
114.2
148. 7
154. 3
101.8
83.9
84.3
88.6
113.4
108.8
102. 9
104.4

100.9
101.1
101.7
100.7
100.9
103.5
105.2
107.0
109.3
108.2
108.5
109.6

.
141.8
171. 9
105.8
84. 6
88. 3
90.2
106.0
106. 5
100.8
98.2

109.5
112.4
115.5
118.7
121.6
124.1
128.1
130.6
133.0
134.1
133.6
131.3

111. 5

131.7
132.3
130.5
128.2
126.6
127.0
127.2
126.1
122.6
118.3
114.2
114. 6

133.1
137.9
136.3
135. 7
134. 2
135. 9
132.6
131. 9
128. 7
124.2
118.0
116.4

113.2
111.9

114.5
116. 7
106.1
112.9
112.8
107.8
106.6
102.6
100. 3
98. 2
95. 5
95.9

111.8

121.9
125. 5
121. 5
114.8
119. 7
106.1
116.0
117. 7
122.0
122.1

112.6

124.8
123.8
123.9
118.4
116.8
115. 2
107. 5
109.1
112. 6
117. 2
115.4
111. 4

96.5
98.8
102.1
107.3
107.2
103.7
99.4

110.8

115.0
114.6
107.8
104.1
99.3
99.6
101.2
104.4
108.2
100.6
98.5

101.0

101.8

103.9
101.4
101. 6
98. 2
95. 8
93.0
93. 0
92. 5
92. 7
88.8
80.8

97. 9 107.1
108. 9 111.0
114. 3 159.1
191. 2
110. 8
107.0
112. 2
105. 9 78. 6
97.1 83.1
90. 6
102. 0
99. 5 109.9
97. 5 111. 3
95. 3 108.3
82.1 103.1

Em­
ploy­
ment

Petroleum
refining

Em­
ploy­
ment

115. 6
113. 0
.
107. 3
106. 2
105. 2
103. 5
104. 7
108. 3
109. 2
107. 9
105.4

102.0
100.0

Paints and
varnishes

Pay
rolls

118. 7
129.6
127.4
123.8
120. 3
117. 7
119.8
120.9
125.6
131. 6
129.0
128.0

106.1
107.9
107.3

Fertilizers

Em­
ploy­
ment

Pay
rolls

114.1
120.8
119.4
115. 7
111.4
110. 2
111. 1
113.4
119. 0
122. 4
121.4
117.8
111 6

Explosives

Pay
rolls

115.2
1 1 6 .2
117.3

110.0

1 1 4 .8

112.2

102 6
102.6

76. 9
76. 5
75. 2
75.4
75.2
78. 5
79. 7
81.1
83. 9
84. 9
84. 4
84. 4

74. 3
75. 9
75.4
73. 5
75. 9
78.4
72.0
74. 0
75. 9
77. 5
74. 9
68. 7

114.3 104.2
123.1 109.0
172.1 143.1
180. 5 163. 6
105. 2 104.8
78.0 84.5
81.5 85.4
87.1 85. 4
104.9 103.9
100.2
94.3
91. 6 85.6
93.2 86. 7

83.3
83.0
81.1
81.4
78.6
76.9
80.1
80.2
80.2
80.4
80.6
78.6

61.2
70.5
70.2
68.3
66.3
65.3
67.2
69.1
68.6
69.4
67.3
59.7

91.6
92.5
116.6
144.8
91.0
56.0
52.0
55.7
63.0
61.8
59.1
61.1

1

83.0
83.3
97.4
129.2
84.7
59.4
55.8
56.4
60.6
57.9
54.9
58.7

Em­ Pay
ploy­ rolls
ment

94.9
95.8
97.1
98.5

101.1
100.2

94.7
91.9
91.7
90.8
88.1
87.4

90.4
95.1
97.5
98.3
101.9
99.0
90.8
86.3
84.2
82.9
78.9
78.1

101.6
110.6

111.4
108.3
106.6
104.4
102.7
101.9
100.5
100.9

113.8

1 2 0 .5
12l! 7
118! 7
1 1 3 .2
116. 5

110. 6

no!

2

107.1
105. 4
103 0
102.6

103. 6
103. 6
104.1
105. 4
103. 5
106. 5

110.1
112.0

113. 2
112.4
112.3
112.9
116. 9
119.3
124. 8
127.1
128. 7
132. 6
134.8
139.7
140. 2
137. 7
136.8

86

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T a b l e 8 .— Indexes

of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Chemicals and allied products—Continued
Month and year

Druggists’
preparations
Em­
ploy­
ment

Pay
rolls

Explosives
Em­
ploy­
ment

Pay
rolls

Fertilizers
Em­
ploy­
ment

Pay
rolls

19321
January_____ ____ 99.8 93.8 75.9 49.8 64.6 57.9
February_____ ___ 97.4 91.9 73.7 52.2 71.4 57.6
M arch.. _______ 98.5 90.3
50.3 80.5 60.8
April____ _________ 91.7 84.3 65.9 45.9 113.5 82.9
M ay...
______ 90.7 83.1 65.5 48.3 73.5 58.5
June___________ . 87.2 80.0 62.3 40.5 41.0 35.7
July_______________ 81.7 72.6 58.2 38.1 38.3 34.1
August____________ 84.3 74.4 60.4 38.8 43.1 36.8
September_________
77.1 62.5 39.9 53.6 42.1
October____________ 88.7 79.7
45.6 56.8 43.0
November... . . . . 88.9 81.3 69.0 48.1 57.9 43.8
80.2 69.3 46.1 54.9 43.3
December__________
19331
January____________ 91.4 82.1 66.3 41.5 62.9 46.2
February__________ 87.2 79.2 66.5 41.8 71.5 46.4
March_____________ 86.3 75.2
42.5 85.0 51.7
April______________ 83.7 70.5 65.6 40.0 148.1 84.5
M ay______________ 81.8 71.4 65.5 41.8 84.9 52.3
June_______________ 82.9 74.9 65.9 45.6 55.9 39.7
July_______________ 86.4 75.4 72.8 52.1 58.6 42.4
August_______
88.7 81.0 79.9 60.3 64.2 46.4
September. ____ . 95.1 85.4 90.8 63.8 82.3 60.6
October ___________ 99.8 91.0 92.6 68.9 91.0 68.4
November..
101.9
92.8 92.9 66.5 90.8 63.0
December
103.0
92.9 90.3 62.7 94.8 68.5
1Data subject to revision when census figures for 1933 become available.




68.1

86.1
88.2

66.2

66.2

Paints and
varnishes
Em­
ploy­
ment

Pay
rolls

Petroleum
refining
Em­ Pay
ploy­ rolls
ment

85.9
86.5
86.9
85.2
85.6
84.7
80.7
77.2
78.3
79.8
78.6
76.9

73.3
74.6
75.4
72.9
74.7
71.8
61.5
56.5
59.8
63.3
60.0
57.3

100.7
99.5
97.8
97.6
97.1
97.0
96.0
94.2
95.0
92.7
92.2
93.7

93.4
92.5
89.9
87.7
89.3
85.0
84.0
81.7
78.0
77.6
77.4

74.4
75.2
74.1
76.4
83.8
89.4
92.0
93.5
94.1
94.0
91.1
90.1

53.2
54.9
50.5
56.5
67.1
72.3
71.2
69.8
68.7
70.7
68.3

92.9
93.9
94.0
94.2
95.3
96.9
96.9
98.9
104.9
108.8

79.6
79.1
79.5
78.6
80.2
81.5
81.4
82.2
89.4
89.8
89.4

110.0
68.8 111.2

88.8

86.0

87

CHAP. 4.----RESULTS OF REVISION
T

a b l e 8 . — Indexes of employment and pay rolls in manufacturing industries, by
years 1928 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Chemicals and allied prod­
ucts—Continued
Rayon and
Month and yeai allied prod­
ucts

Soap

Rubber products
Rubber goods,
other than Rubber tires
Group index Rubber boots boots, shoes, and inner
and shoes
tires, and
tubes
inner tubes

Em­
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls ment rolls
91.3 104.9 105.7 102.6 101.0 117.0 118.7 103.1
95.5 100.0 100.0 91.8 92.9 83.6 82.3 91.6
113.2 95.1 94.3 105.6 106.1 99.4 99.0 105.3
105.1 107.0 103.0 101. 7
141.2 82.9 100.3 105. 7 110.0 106.8 113.2 110.3
111. 1 117. 5 105.0 107.1
220.2
96.7 111.0 115.1 102.1 105.6 120.3
88.6
214.1
85.9 84.7 82.0 77.4
188.4 87.4 90.2 73.9 62.5 63.2 48.6 102.3
140.4 83.3 75.0 65.4 44.9 52.5 37.7 94.1
178.8 89.8 73.3 73.9 50.2 50.9 42.5 112.2
111. 1 103.8 114.0 111.0
115.8 111. 7 116.7 113.6
116.9 116.9 118.1 115.0
117.0 120.9 123.8 120.5
116. 5 119. 2 127. 0 125.8
May
- - __
June
111. 3 114. 0 126. 5 129. 5
94. 6 122.9 117.0
102.1
July
90. 5 85. 0 115.0 109. 6
August
September
85.8 84. 6 108. 2 119. 5
85.0 84.1 109.1 122.3
October
87. 3 86. 3 111. 7 121. 3
November
91.3 91.0 110. 7 119. 5
December
1924
92.3 92.0 105.1 108.1
January__ _ 93. 5 94. 6 100.4 95. 7
February
March
93. 2 94.1 93.8 89.3
92. 2 93. 7 90.1 84.1
April___ ______
91. 0 93.0 87. 7 84.2
May ______
.Trine
86. 8
83.9 80.1
88. 2
83.9 82. 6 73.9 75.0
July
_____
84. 5 84.4 52. 6 48.6
August
__
93. 5 95.9 62.7 57. 6
September
92.9 97.4 63.9 61.9
October . __ .
97.1 99. 5 93. 6 99.7
November. _
98.7 101. 3 96.0 103. 6
December. _____
1925
January_______
99.6 99.8 100. 3 106.9
102.8 105. 3 104. 8 108. 3
February. _ __
103. 6 106. 4 102.8 103. 8
March
104.8 107. 4 100.8 99. 7
April
108.1 112. 2 98. 1 98. 6
May _______
108.9 109. 4 96.8 96. 6
June.. _______
109. 5 110.4 95. 4 91.4
July
. ..
110.0 110. 5
90. 2 86.9
August ____ _
108.9 106.1 96. 2 87. 6
September
102.6 100. 0
96. 8 96. 0
October _
102.1
99.1 102.0 102. 0
November_____
December.
106.1 106. 7 108. 2 110. 0
1926
108. 5 108. 6 111. 1 112.1
January. ______
108.7 111.7 108.4 103.5
F eb ru ary..___
108. 2 109. 7 110.9 108.4
March
107.5 109.8 109.3 108.8
April.
104. 6 1C5. 9 106. 6 105. 8
May
103.1 103. 6 103.6 97. 5
June . . .
97.8 100.8 77.0 76. 2
July . .. ...
104.8 104.9 96.4 90.4
August
108.4 112.9 100.2 96.4
September _ __
107. 2 110. 2 101.1 101. 7
October
101.7 101.7 104. 5 105.0
November
December-------100.9 103.9 106.0 114.3
*Data subject to revision when census figures for 1933 become available.

1923___________
1924___________
1925___________
1926
1927___________
1928
1929___________
1930
1931___________
19321__________
19331__________
1923

87.3
93.1
119.6
164.8
244.4
242. 2
241.9
217.0
281.9




100.1

92.7
107.2
115.5
126.4
89.9
70.0
79.5

97.7
94.5
107.8
105.4
103. 3
109. 9
110. 0
79. 0
64.9
57.1
64.7
115.3
116.3
114.6
112.9
106.2
95.2
82.3
78.3
77.0
79.2
84.8

96.8
95.7
107.5
107.2
107.0
116.8
113.2
79.3
56.2
37.7
41.7
102.3
111.4
117.6
121.4
117.8
110.4
89.1
79.0
76.0
74.6
77.7
84.0

88.0

88.2

110.0

91.1
93.0
92.7
92.1
89.7
87.2
95.2
104.0
102.7
98.2
99.5
99. 3
102. 3
104. 0
106. 3
111. 7
113. 2
114. 5
116.8
113.3
104.6
102.3
105.8
107.9
108.8
107. 2
106.9
103. 5
102. 6
104. 2
106.8
110.3
108.4
99.7
98.2

94.5
95.5
96.3
95.5
88.4
84.6
93.4
105. 7
106.2
99.3
100.5
97.6
104.2
106.9
109.1
115.2
112.1
114.7
116.0
110.2
100.5
97.8
105.3
106.9
113.1
109.1
109.3
104.8
104.0
105.8
107.4
115.7
111.0
99.3
99.7

88

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

8 .— Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Chemicals and allied prod­
ucts—Continued
Rayon and
Month and year allied prod­
ucts

Rubber products—Continued
Rubber goods,
other than Rubber tires
Group index Rubber boots boots, shoes, and inner
and shoes
tubes
tires, and
inner tubes

Soap

Em­
Em­
Em­
Em­
Em­
Em­
ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay ploy­ Pay
ment rolls ment rolls ment rolls ment rolls ment rolls ment rolls
1927
January
February_____
March_____ _
April _________
M ay__________
June__________
July____ ______
September, ____
November_____
1928
Jn .n n fl.ry
_____
February.......... ,
March________
April__________
M ay, ________
June__________
July....................
August________
September_____
October_______
November_____
December_____
1929
January_______
February______
March________
April__________
M ay__________
June__________
July__________
August________
September_____
October_______
November_____
December_____
1930
January...............
February............
March________
April______
M ay__________
June________
July__________
August________
September___October_______
November_____
December_____
1931
January----------February........
March________
April________ .
M ay__________
June__________
July__________
August________
September_____
October, ... ...
November___
December...........

102.0

103.3
104.2
108.2
111.5
110.0
106.7
106.1
106.3
104.0
101.3
104.4
107.4
109.9
108.4
108.1
107.9
107.9
113.1
114.1
116.0
115.8
112.4
112.1

238.4
242.1
248.4
249.1
226.4
232.3
241.8
247.4
246.5
253.5
255.7
251.3
248.9
247.9
252.3
251.1
246.2
244.0
243.3
238.4
237.4
233.0
233.5
229.8
216.1
218.8
229.8
235.9
242.5
248.4
252.8
257.2
251.6
253.1
248.9
248.2




.7
215.
212. 3
202.9
214.3
217.8
228.0
224. 2
233. 7
240.5
228.9
233.3
239.2
240. 7
228.2
230.8
214.1
221. 4
195.4
193. 2
195. 4
194.1
183.9
179.3 86.2
179.7 86.6
191.0 86.5
190.1 88.6
201.3 90.1
200.2
87.2
199.3 87.6
86.4
201.1
188.8 89.6
193.6 88.6
168.3 86.3
168.1 85.1
211
6
212.8

96.0
94.4
93.9
95.5
98.2
92.4
84.8
90.1
88.3
89.0
80.5
79.2

115.0
115.0
116.1
117.1
118.0
117.9
117.1
114.3
111.0
105.3
93.7
91.7
92.2
90.7
90.0
91.6
91.3
91.2
86.1
84.6
80.9
79.0
76. 5
77.2
76.5
75.4
73.0
74.3
76.5
77.2
75.5
72.8
72.8
71.3
71.1
70.0

103.5
109.3
110.5
116. 3
119.6
115.8
110.0
110.4
109.7
106.4
100.2
108.1
111.4
117.7
116.9
115.2
111. 7
115.0
117.5
120. 7
126.9
123.6
115. 5
117.3
115.1
127.0
127.4
128.5
129.8
124.7
119.2
115.1
109.4
105.2
90.0
89.2
93.3
96.8
94. 5
99.2
100.3
92.9
85.2
81.7
75.4
69.4
61.8
65.9
66.7
66.4
66.2
68.4
71.3
72.0
64.4
62.0
55.0
54.9
50.7
51.7

107.8
107.7
105.4
104.2
104.9
104.4
97.3
97.7
108.0
111.2
114.1
119.1
115.0

112.2
102.8

106.0
103. 6
95.3
101.6
97. 7
103.4
106.4
108.4
107. 6
104.1
100.2
98.6
97.2
95.8
97.6
100.9
104.9
108.1
108.4
104.0
105.2
99.2
90. 3
92.9
88.9
80.2
76.1
73.6
75.5
73.2
75.9
75.8
75.6

98.9
.
107.9
112.0
109.9
107.8
106.8
103.5
99.1
94.6
96.8

114.0
111. 2
108.9
109.2
112.8
109. 7
102.3
103.8
115.8
119.1
124.4
126.8
123.0
115.3
104.3
107.3
103.9
96.9
99. 7
95.9
107.1
108.3
110. 7
112.9

100.6
102 2

102.1

106.2
107.3
105.6
106.2
108.8
113.6
116.3
116.6
115.3

110.2
110.1

114.7
116.1
118.0
119. 7
121.5
120.6
118.3
113.2
107.9
100.2
86. 5
83.4
85.4
83.5
83.2
85.7
87.6
88.1
81.4
78.2
73.6
69.5
65.5
65.9

102.1

96.7
97.3
98.7
101.5
104.0
106.1
109.1
115.9
114.4
109.6
111.7
101.8

98.5
92.8
87.6
79.6
73.4
67.8
66.8
64.9
65.9
63. 6
66.4
68.6
55.0
66.6
47.0
53.5 33.4
59.2 42.8
60.8 44.4
63.3 46. 7
63.8 49.6
58.6 50.1
65.7 55.5
65.3 55.2
68.1
52.7
65.0 50.5

103.2
103.0
104.0
103.6
104.1
104.2

102.8
100.8
101.6
100.8
100.0

99.2

93.2
92.7
94.9
93.3
93.8
93.0
90.5
87.4
84.3
88.5
83.9
83.1

67.3
65.9
66.3
69.5
70.1
67.3
65.2
62.5
60.3
59.4
59.0

66.1

99.1
107.1
109.1
116.1
119.1
115.2
109.9
109.7
105.8
100.9
91.5
100.7
105.7
115.4
116.9
114.3
110.6
116.3
118.7
123.6
128.3
123.6
113.0
114.6
114.6
130.6
130.8
131.6
132.5
125.6
118.1
112.2
103.5
98.5
81.1
79.5
86.5
90.9
89.1
95.7
98.4
90.5
81.9
77.6
70.0
61.8
52.8
56.5
60.2
61.9
64.2
65.8
70.1
70.9
58.9
55.9
44.4
42.8
38.4
40.8

89

CHAP. 4.----RESULTS OF REVISION
T

a b l e 8 . — Indexes of employment and pay rolls in manufacturing industries , by
years 1923 to 1933, and by months January 1923 to December 1933— Continued

[3-year average 1923-25=100]
Chemicals and allied prod­
ucts—Continued
Rayon and
Month and year allied prod­
ucts

Soap

Rubber products—Continued
Rubber goods,
other than Rubber tires
Group index Rubber boots boots, shoes, and inner
and shoes
tires, and
tubes
inner tubes

Em­ Pay Em­ Pay Em­ Pay Em­ Pay Em­ Pay Em­ Pay
ploy­ rolls ploy­ rolls ploy­ rolls ploy­ rolls ploy­ rolls ploy­ rolls
ment
ment
ment
ment
ment
ment
19321
January_______ 251.6 162.8 83.6 76.9 68.7 50.9 61.1 43.0
February___ _ 250.4 172.9 84.1 78.6 68.7 51.6 57.8 39.4
March________ 241.3 168.7 84.4 78.3 67.6 49.4 55.7 41.3
April__________ 233.0 159.0 84.1 79.2 66.5 46.3 53.4 36.4
M a y .________ 218.1 140.1 82.1 74.8 65. 7 45.8 51.8 37.0
June.. ______ 156.7 99.1 83.4 79.2 66.5 49.8 52.0 33.7
July___________ 155.7 90.1 81.1 72.3 64.4 43.0 47.1 27.3
August___ ____ 155.7 94.3 81.8 71.3 63.2 39.7 50.1 31.8
219.8 140.3 82.4 72.9 61.6 38.1 46.1 35.5
September._
October_______ 234.5 149.8 84.5 73.9 63.5 41.9 48.5 37.7
November_____ 239.9 152.2 85.6 72.7 64.3 40.9 51.4 43.0
December_____ 246.7 155.1 82.4 69.3 64.2 41.2 54.8 46.5
19331
January.._____ 250.6 156.4 82.1 67.3 61.8 36.9 47.9 33.7
February______ 250.4 153.3 82.9 68.2 62.2 37.2 45.8 32.4
M arch.. ._ _. 238.4 144.9 81.6 66.8 59.8 32.6 42.1 25.4
April._________ 223.7 130.6 81.8 67.1 59.6 35.0 42.4 26.9
M ay.. _______ 246.9 149.1 83.5 68.9 62.4 43.7 37.0 30.9
June.. ______ 260.1 164.8 86.7 72.8 69.3 53.3 39.3 34.2
July___________ 281.4 177.3 88.4 74.3 77.4 60.4 45.5 42.1
August. . ____ 316.1 197.8 96.6 75.3 86.6 61.9 53.1 50.3
September_____ 330.3 213.2 101.1 80.4 88.8 61.4 62.8 56.4
October............... 331.3 218.3 101.7 81.1 88.7 62.9 63.9 58.6
November_____ 332.0 218.9 97.7 80.1 86.7 58.3 65.1 58.6
December.......... 322.0 220.9 93.1 77.2 83.9 59.0 65.6 60.2
i Data subject to revision when census figures for 1933 become available.




95.7
97.5
96.2
93.6
91.9
92.9
89.4
88.0
91.0
97.4
98.6
96.5

77.1
76.9
75.2
70.0
66.5
66.8
62.6
59.5
66.5
76.4
72.4
70.3

59.3
59.7
59.1
59.0
58.7
59.7
59.1
56.5
53.8
53.6
53.4
53.0

43.5
45.5
42.2
40.2
40.5
47.8
40.0
34.5
28.5
30.6
29.1
29.6

94.2
94.7
92.1
90.7
94.1
101.7
110.8
131.5
136.9
139.4
135.2
125.2

64.7
64.5
57.6
59.5
65.1
76.5
85.6
94.1
96.0
103.2
96.1
90.9

52.1
53.2
51.5
51.6
56.8
65.0
73.2
78.0
76.3
74.7
72.5
71.8

27.9
28.7
25.5
28.2
39.3
49.7
55.9
53.3
50.4
49.7
44.8
47.3

90

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

9.— Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933, and months January 1929 to December
1933

[All figures subsequent to 1931 subject to revision]

Year and
month
1919.
1920.
1921.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.
1932.
1933.

Iron and steel and Machinery, not in­
cluding transporta­
their products
tion equipment

Transportation
equipment

Railroad repair
shops

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
858,600
926,300
572, 400
722, 500
892.400
833, 700
851, 200
880, 200
834,900
829,800
881,000
766, 200
598.400
458,100
503.400

1929
January__
853,600
February..
865,900
March___
876, 500
April_____
883, 500
M ay_____
894,100
June_____
896.800
July______
888.800
August___
903.800
September.
905, 600
October__
895,000
November.
873.800
December.
834,200
1930
January__
823,600
February..
837, 700
March___
829.800
April_____
827.200
M ay_____
821,000
June_____
792, 800
July______
755.800
August___
731,100
September.
716, 200
October__
706,500
November.
686.200
December.
666,000
1931
January...
644.800
February..
644.800
March___
651,900
April_____
648, 300
M ay_____
630, 700
June_____
606,100
July______
692, 000
August___
684,000
September.
664, 700
October__
549, 700
November.
536, 500
December.
526.800
1932
January_______ 510.000
February______ 511,800
March________ 502.100
April__________ 485.400
M ay__________ 466.000
June__________ 450.100
July___________ 424, 600
August________ 418.400
September_____ 428.100
October............ . 438, 700
November_____ 438.700
December........... 423.700
i Data not available.




$23,937,000 1,026,800 $24, 534,000
(0
0)
0)
0)
30.531.000 1,131, 700 31.982.000
0)
0)
0)
0)
14.049.000 680, 700 16.450.000
0)
0)
0)
)
17.400.000 717.400 16.982.000
0)
0)
0)
0)
25.442.000 928, 600 24, 618,000 606, 200 $18,532,000 523, 700 $14,856,000
23.834.000 835.400 22.531.000 524, 500 15.636.000 464.900 12.972.000
24.680.000 870, 500 23.843.000 559, 600 17.478.000 458,100 12, 847,000
25.875.000 946, 700 26.310.000 558, 600 17.126.000 460, 700 13.025.000
24, 289,000 897, 800 25.095.000 495,100 15.450.000 428.900 12.475.000
24, 740,000 922, 500 26, 334,000 541, 900 17.494.000 404, 000 11.817.000
26, 568,000 1,105, 700 31, 761, 000 583, 200 18.136.000 398, 200 12, 255,000
21.126.000 918, 700 24.197.000 451,800 12.076.000 353, 800 10, 316,000
13, 562,000 687,000 15.135.000 373, 800 9.008.000 309,000 8, 366,000
7.164.000 494,600 8, 546,000 315, 700 7. 012.000 257,400 5, 793,000
8.925.000 517,100 8,975,000 305, 600 6, 799,000 250, 600 5, 652,000
0

25.203.000
26.637.000
27.035.000
27, 593,000
27,885, 000
27.460.000
25.946.000
27,433, 000
27, 433,000
27, 221,000
25, 282,000
23.689.000

1.005.100
1.037.100
1,063,700
1.085.800
1.116.800
1,142,200
1.165.400
1.173.100
1,164, 300
1,163, 200
1.102.400
1,049,300

28.306.000
30.308.000
31.642.000
32, 246,000
33.199.000
33,230, 000
32, 500,000
33,040, 000
32.849.000
33, 389,000
30, 594,000
29.831.000

580, 500
630, 700
644, 700
658,100
655, 200
615, 500
604, 400
591, 600
583,400
531, 500
457, 400
445, 700

16.543.000
21.041.000
21.386.000
22 220,000
21.694.000
19, 518, 000
16, 742,000
18.973.000
18.012.000
16, 343,000
13.169.000
11.990.000
,

397,800
400, 200
401,400
400, 200
399, 800
397, 800
396, 200
398, 200
397.000
401.000
398, 200
391.000

11.214.000
12.048.000
12.440.000
12, 538,000
12, 636,000
12, 305,000
11.790.000
12.342.000
12.133.000
12, 624, 000
12, 538,000
12, 452,000

22.839.000 1,019,500 28.243.000 474.900 11.899.000 381,500 11.239.000
24, 778,000 1,013,900 28.433.000 491, 800 14.167.000 375, 500 11.398.000
24.459.000 1,004,000 28, 243,000 495.900 14.638.000 370, 300 11, 214,000
24, 592,000 986, 300 27.734.000 511,100 15.146.000 366,300 11, 202, 000
23.981.000 958, 600 26, 654,000 514, 600 15.146.000 366, 700 11, 055,000
22, 786, 000 929.900 25, 383,000 484, 800 13, 622,000 362,000 10, 773,000
19.679.000 893,400 22.683.000 449,800 11, 555,000 344, 800 9.609.000
19, 360,000 861, 300 21, 762,000 429.400 10.031.000 341, 700 9.854.000
18.802.000 870, 200 21, 603, 000 415.400 10.339.000 342,100 9.498.000
18.829.000 856.900 21.285.000 393,200 9. 668.000 331.700 9.376.000
16.996.000 828,200 19.411.000 377, 500 9.432.000 331.700 9.155.000
16.412.000 801,600 18.934.000 383.900 9,269,0C0 330,900 9.425.000
15, 270,000
16.359.000
16.917.000
16.678.000
15, 695,000
14.049.000
12.907.000
12.508.000
11, 207,000
10. 888.000
10.198.000
10.065.000

769,600
767.400
750.800
738, 600
720.900
696, 600
667.800
642.400
645, 700
626.900
612, 600
604.800

17.600.000
17.981.000
17.822.000
17, 282,000
16.806.000
15, 630,000
14, 360,000
13.820.000
12.930.000
12.803.000
12.295.000
12.295.000

381.000 7.419.000 333.300
386.800 9. 686.000 331.700
402.000 10.412.000 325.300
410, 700 10.811.000 322, 500
416.500 11,319,000 319.400
400.800 9. 868.000 311.800
378.000 8, 797,000 303.400
368,100 8.471.000 299.800
364,600 7.564.000 296, 700
311, 000 7.600.000 292, 700
311.500 7.709.000 286.700
354, 700 8.435.000 284, 700

8.950.000
9.136.000
8, 737,000
7.967.000
7,569, 000
6.692.000
5, 763,000
5, 789,000
6.108.000
6,692, 000
6.506.000
6.055.000

580.500
579.400
561, 700
532.900
513,000
485.400
458.900
440,100
442, 300
447,800
448.900
444.500

11, 246,000
11,246,000
10,547, 000
9.690.000
8,991, 000
8.133.000
7, 243, 000
6.862.000
7.021.000
7.243.000
7.148.000
7.180.000

364, 600
378,000
369,900
347, 700
347,700
343.600
331.400
295,200
263,100
231.600
247.400
267,800

8.235.000
8.924.000
8.834.000
8.290.000
8.997.000
7.963.000
7.419.000
5.804.000
4.317.000
4.571.000
5.079.000
5.714.000

8,861,000
9.413.000
9.229.000
9, 204,000
8.971.000
8.640.000
8.089.000
7.954.000
7, 611,000
7.550.000
7.513.000
7.354.000

267, 200 6, 569,000
270, 400 6, 312,000
272,000 6.349.000
274.800 6.410.000
266.800 6.398.000
250, 500 5.662.000
244.500 5.062.000
232.500 4.878.000
240,900 4.951.000
252,100 5.356.000
260,400 5.797.000
256,800 5.773.000

CHAP. 4.---- RESULTS OF REVISION

91

9 . — Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933 , and months January 1929 to December
1933— Continued

T able

[All figures subsequent to 1931 subject to revision]

Year and
month
1933
January______
February___ _
March________
April....................
May. ______ June__________
July___________
August________
September_____
October--------November___ _
December_____

Iron and steel and Machinery, not in­
cluding transporta­
their products
tion equipment

Transportation
equipment

Railroad repair
shops

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
401,700
421,100
401,700
413,100
437,800
478, 300
531, 200
587, 600
613,100
599,900
583, 200
571, 700




$5,630,000
6,108,000
5,604,000
6,055,000
7,356,000
8,923,000
10,198,000
12,322,000
11, 712,000
11,738,000
10, 676,000
10, 782,000

422,400
427,900
413,500
419,100
440,100
475,500
511,900
567,200
612,600
641, 300
643, 500
630, 200

$6, 671,000
6,799,000
6,195,000
6,354,000
7,243,000
8,419,000
9, 277,000
10,325,000
11,024,000
11,882,000
11,882,000
11, 627, 000

290,000
283, 500
254,900
255,500
274,800
291,100
328, 500
347,100
362,300
333,100
301, 600
344, 200

$6,167,000
5, 532, 000
4, 789, 000
5,496,000
6,657,000
6.984.000
7.491.000
8, 562,000
8,290,000
7,455,000
6,639,000
7, 528,000

249, 300 $5,307,000
244,900 5, 307,000
244,100 5,160, 000
232, 200 4,902,000
239, 700 5, 270,000
233, 300 5.160.000
249, 300 5.417.000
261, 200 6,226,000
265,600 6,140,000
265, 200 6, 630, 000
264, 400 6, 251, 000
258,000 6,054,000

92

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

9 . — Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933, and months January 1929 to December
1933— Continued

All figures subsequent to 1931 subject to revision]
Nonferrous metals

Lumber and allied

Year and
month

Stone, nrnHnntc
crlaoc clay, and

Textiles and their
products
Fabrics

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
1919__________ 0 )
1920__________ 0 )
1921__________ 0
1922__________ 0 )
)
1923__________ 0 )
1924__________ 0 )
1925__________ 0 )
1926__________ 0 )
1927__________
1928__________ 0 )
1929______ .... 0 )
1930__________ 0 )
0)
1931__________ 209,000
1932__________ 164,200
1933.................... 175, 200
1929
January______ 0 )
February. ___ 0 )
March............. . 0 )
April_________ 0 )
M ay_________ 0 )
June_________ 0 )
July___ ______ 0 )
August_______ 0 )
September____ (0
October______
November____ 0 )
0)
December____ 0 )
1930
January____ _ 0 )
February_____ 0 )
March_______
0)
April. ..............
0
May_________ 0 )
)
June_________ 0 )
July__________ 0 )
August_______ 0 )
September. _ _. 0 )
October______ 0 )
November____ 0 )
December____ 0 )
1931
January______ 221, 200
February_____ 223, 800
March______ 223,100
April_________ 220,900
M ay_________ 215,900
June_________ 211,800
July.......... ........ 205,800
August_______ 199, 500
September____ 201,400
October______ 199, 200
November........ 194, 500
December____ 190,400
1 Data not avaliable.




)
)
)
)
)
)
)
)
)
)
)
$4, 622, 000
2,865,000
3, 039, 000

863,800
821,200
703, 000
894, 300
932,100
901, 300
921, 600
922, 300
864,100
848,100
876, 500
699, 400
516, 900
377,800
406,100

$16, 549, 000
20,358,000
13,161,000
15, 234,000
18, 526, 000
18,228, 000
18,824,000
18, 997, 000
17,916,000
17, 454, 000
18, 062, 000
13,464, 000
8, 641, 000
4, 656,000
4, 900, 000

302, 700
314, 500
253, 000
299, 600
351,400
346, 400
352, 700
363, 500
349, 800
334, 900
328, 500
280,800
222, 800
156,000
157, 500

)
)
)
)
)
)
(!)
0)
0)
0)
0)
0)

838, 700
844,000
853, 600
871,100
882, 500
892, 200
899, 200
919, 300
915,800
901, 800
872,900
827, 300

16, 457, 000
17,089,000
17, 487, 000
18,011,000
18, 408, 000
18, 354, 000
18,318,000
18,932,000
19, 366, 000
19, 438, 000
18,047,000
16,837, 000

308, 400 7, 524,000 1,091, 700 19, 925,000
309,000 7,732,000 1,106,000 20,897, 000
317, 200 8,107,000 1,109, 200 20, 978, 000
331,400 8, 531, 000 1,104, 900 20, 958,000
340, 600 8, 764,000 1,106,000 20,856,000
343,800 8,847, 000 1,100, 500 20, 370,000
334,300 8,165,000 1,076, 400 19, 358,000
344, 500 8, 739, 000 1,075,300 19, 621,000
343, 500 8, 747, 000 1,098, 300 20,128,000
338, 300 8, 689,000 1,114, 700 20,917,000
327,400 8, 298, 000 1,097, 200 19, 783,000
303,800 7, 732,000 1,070,900 19, 216,000

)
)
)
<*)
0)
0)
0)
0)
0)
0)
0)
0)

777, 400
760, 700
759,800
752,000
743, 200
726, 500
690, 600
673,100
650, 300
649, 400
621, 400
588,100

14,813,000
14,777,000
15, 247,000
15, 084, 000
14,976.000
14, 524; 000
12,953,000
12, 646, 000
12, 501, 000
12, 393, 000
11, 254,000
10,405,000

275, 200 6, 517,000
278, 200 6,825,000
290, 000 7,166,000
301,100 7, 557,000
303,400 7,607,000
299,800 7, 557, 000
281,100 6,600,000
279,100 6, 667,000
277,800 6, 700,000
273,200 6,725,000
262, 400 6, 217,000
247,900 5, 793,000

5,032,000
5, 296,000
5,424,000
5, 262, 000
5,023,000
4, 776, 000
4, 230,000
4, 221,000
4, 230, 000
4,179,000
3,948,000
3,846,000

546, 000
546,000
542, 500
546, 000
546,900
540, 700
518, 000
511,800
503,100
490, 800
472, 400
439,100

9, 069,000
9,430, 000
9,574,000
9, 303, 000
9,484, 000
9, 267, 000
8, 707, 000
8,599,000
8,436, 000
7,985,000
7, 244,000
6, 594,000

0
0
0
(0
0
0
0
0
0
0
0
0

0
0
0
0
0
0

0
0
0

220, 000
224, 000
232,800'
241,000
246, 300
244,000
227, 900
224, 600
220, 700
209, 500
197, 700
185, 500

$6, 397, 000
8,239, 000
5, 907, 000
6,442, 000
8, 726,000
8,926, 000
8,985,000
9, 257, 000
8,929, 000
8, 541, 000
8, 323,000
6,828,000
4, 786,000
2. 588,000
2, 455, 000

4, 761,000
5,135,000
5,377,000
5, 568, 000
5, 626,000
5,402,000
4, 7o2,000
4, 661,000
4, 461,000
4,253,000
3,895,000
3, 546,000

1, 052, 600
1,045, 300
994, 300
1, 054,900
1,164, 400
1, 041, 900
1,109, 500
1,095, 700
1,119,200
1,062, 400
1, 095,900
950,400
886, 700
794,100
952, 600

$17, 494,000
21,005,000
17,235,000
17, 747,000
21, 590,000
19, 014,000
20,497,000
20, 241,000
21,135,000
19, 510,000
20, 251,000
16,167,000
14,308,000
10, 367,000
12, 664,000

1,044, 600
1,038,000
1,019,400
1,002, 900
978,800
956, 900
888,900
876,900
891,100
903, 200
910, 900
893,300

18,244,000
18,467,000
17,981,000
17, 353,000
16,685,000
16,057,000
14,154,000
14, 215,000
14,843,000
15,470,000
15, 349,000
15,187,000

863, 700
892, 200
913,100
905, 400
916, 300
894,400
884, 600
888,900
888, 900
870, 300
862, 600
859, 300

14,053,000
15, 308,000
15, 592,000
15,187,000
15, 369,000
14,600,000
14,174,000
14, 478,000
13, 891,000
13, 405,000
12,818,000
12,818,000

93

CHAP. 4.----RESULTS OF REVISION
T able

9 . — Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933, and months January 1929 to December
1933— Continued

[All figures subsequent to 1931 subject to revision]

Year and
month

Nonferrous metals
and their products

Lumber and allied
products

Stone, clay, and
glass products

Textiles and their
products
Fabrics

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
1932
January---------February-------March___ ...
April_________
M ay_________
June-------------July__________
August----------September____
October---------November____
December___
1933
January---------February_____
March_______
April-------------M ay_________
June.- ---------July__________
August______
September____
October---------November____
December____

181,300 $3, 462, 000
183, 500 3, 556, 000
180, 600 3, 334, 000
172, 500 3, 070, 000
164, 300 2, 797, 000
158, 900 2, 635, 000
141, 900 2, 260, 000
149, 500 2, 362, 000
156, 400 2, 618, 000
160, 800 2, 865, 000
162, 700 2, 806, 000
158, 000 2, 610, 000

414,500
413, 700
395, 300
385, 600
374, 200
366, 300
353, 200
351,400
366,300
381, 200
372, 500
359, 300

$5, 636, 000
5, 546, 000
5, 203, 000
4, 878, 000
4, 625, 000
4, 354, 000
3, 956, 000
4, 065, 000
4, 426, 000
4, 751, 000
4, 426, 000
4, 010, 000

147, 600 2, 311, 000 333,900 3, 487, 000
150,400 2, 345, 000 330,400 3, 487, 000
143, 500 2, 132, 000 314, 600 3, 035, 000
146, 700 2, 234, 000 321, 600 3, 306, 000
152,900 2, 584, 000 347, 900 3, 830, 000
164, 900 2, 934, 900 391, 800 4, 589, 000
174, 300 3, 155, 000 427, 700 5, 112, 000
195, 400 3, 539, 000 462, 700 5, 998, 000
209,900 3, 778, 000 498, 700 6, 919, 000
213, 700 3, 940, 000 506, 600 7, 063, 000
205, 200 3, 838, 000 480,300 6, 232, 000
197, 300 3, 676, 000 457, 500 5, 745, 000

91911°— 35------7




164, 200 $2, 888,000
166, 500 3,046,000
167, 200 3,005,000
167, 500 2,988,000
160, 300 2, 772,000
151, 700 2,455,000
146, 100 2,256,000
147, 500 2,305,000
151, 700 2, 355,000
155, 700 2,489,000
152, 400 2,347,000
141, 900 2,156,000
123, 200
127, 700
129, 100
134, 300
144, 500
160, 600
172, 700
184, 900
185, 200
180, 700
176, 000
171, 400

1,839,000
1,898,000
1, 881,000
1,923,000
2,172,000
2, 539, 000
2,655,000
3,013,000
2,971,000
2, 988,000
2,821,000
2, 755,000

845,100
873,600
840, 700
772,800
715,800
670,800
651,100
736, 600
834,100
875,800
863, 700
849, 500

$12,170,000
12,818,000
11, 866,000
9,963,000
8, 565,000
7,917,000
7,391,000
9, 051,000
11,076,000
11,825,000
11,096,000
10, 671,000

833,000
844,000
779, 300
796,900
864,800
976,600
1,068, 700
1,097, 200
1,078, 600
1,068, 700
1,032, 500
990,900

9,882,000
, 266,000
8,646,000
9,112,000
10,610,000
12, 737,000
14,093,000
16,138,000
15,814,000
15, 794, 000
14,903,000
13,972,000
10

94

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

T able

9 . — Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1938 , and months January 1929 to December
1933— Continued

[All figures subsequent to 1931 subject to revision]
Textiles and their products—Continued
Year and
month

Wearing apparel

Group

Leather and its
manufactures

Food and kindred
products

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
1919— ..........—
1920__________
1921__________
1922__________
1923__________
1924__________
1925__________
1926__________
1927__________
1928__________
1929__________
1930__________
1931__________
1932__________
1933__________
1929
January______
February_____
March________
April_________
M ay_________
June_________
July__ _______
August_______
September___
October._ _ ...
November____
December____
1930
January____
February_____
March______
April_________
May______ _
June___ ____
Ju ly.. .. . ...
August___ ...
September.. _
October______
November____
December____
1931
January---------February_____
March_______
April_________
M ay______ _
June_________
July_________
August_______
September___
October. .. . __
November____
December____
1932
January______
February_____
March_______
April_________
M ay_________
June____ ___
July__________
August_______
September___
October.............
November____
December.........

507,800
519,400
473,900
487,800
499,300
455,800
466, 500
472,800
501,400
513,100
536, 700
497, 700
472,000
401,800
418,100

$10, 121,000
12,124,000
10,266,000
10,438,000
10,919,000
9,804,000
10, 284,000
10,297,000
11,123,000
11,114,000
11,476,000
9,680,000
8,338,000
5,733,000
5,757,000

1,609,400
1, 612,400
1,509,400
1, 585, 500
1, 714,300
1, 545, 500
1,627,400
1,628,000
1,694, 400
1, 651,300
1,706,900
1, 513,000
1,421,000
1, 250,300
1,432,700

$28,440,000
34.115,000
28,284,000
28,962,000
33,511,000
29,712,000
31,795,000
31, 731,000
33,817,000
32,199,000
33,321,000
27,115,000
23, 799,000
16,947,000
19,394,000

349,600
318,600
280,100
314,600
344,800
311, 700
314, 200
312, 700
316,000
309,400
318,600
295,100
272,800
255, 500
269, 400

$6,978,000
7, 437, 000
6,040,000
6, 711,000
7,472,000
6,654,000
6,831,000
6,909,000
7,009,000
6, 696,000
6,915,000
5, 748,000
5,035,000
4,060,000
4, 394,000

733,600 $14,879,000
713,000 16,698,000
626,400 14,333,000
651,400 14.142,000
681,900 15, 296,000
657,800 15,155,000
664,400 15, 268,000
664,400 15,503,000
679,400 15,838,000
707,100 16,388,000
753, 500 17,344,000
731,100 16,593,000
650, 500 14,173,000
577,100 11,308,000
631,000 11,604,000

519,400
540,400
559,100
546,800
536,100
536,100
514, 600
531,800
546,300
552, 700
531,800
525, 300

11,279,000
12, 254,000
12,897,000
11,669,000
11,141,000
11,336,000
10,384.000
11,474,000
11,944,000
11,910,000
10,728,000
10,694,000

, 686,400
1,722,300
1, 746, 700
1, 728,800
1, 715,800
1, 710,900
1, 663,600
1, 679,900
1, 717,400
1, 743, 500
1, 701,100
1, 666,900

32, 785,000
34,812,000
35,572,000
34,273,000
33,608,000
33,323,000
31, 233,000
32, 658, 000
33, 703,000
34,463,000
32,056,000
31, 359,000

308,800
315,900
312,700
306, 600
306,300
304,100
322, 200
334,000
339,100
338,800
324,100
310,400

6,629,000
6,953,000
6, 732,000
6, 511,000
6, 546,000
6,684,000
7, 244,000
7,769,000
7,748,000
7,465,000
6,331,000
6, 359,000

677,400
679,800
675, 200
715,800
692,600
723,800
784, 700
852, 500
900,200
838,500
771,500
729,600

16,079,000
16,172,000
15,993,000
16,623,000
16, 602,000
17,038,000
17, 686,000
18,797,000
19,717,000
18,676,000
17,576,000
17,169,000

526,400
536,100
545,200
527, 500
502,800
489,400
452,400
471,100
503,300
498,000
463, 700
456,100

10,958,000
11,267,000
11,623,000
10,338,000
9,305,000
9,007,000
8,410,000
9,191,000
10,177,000
9,684,000
8,181,000
8. 020,000

1,640,800
1, 644,100
1, 634,300
1, 598,400
1, 547,900
1, 512,100
1,401,300
1,407,800
1,456, 700
1,464,800
1,437,100
1,411,100

30,631,000
31,169,000
31,042,000
29,047,000
27, 273,000
26,291,000
23,694,000
24,549,000
26, 2o9,000
26,386,000
24,676,000
24,359,000

314,900
318,100
314,900
309, 500
298,000
290,400
297,100
299,900
294,800
284, 700
263, 600
254, 700

6,470,000
6, 532,000
6,456,000
6, 200,000
5, 751,000
5, 619,000
5,993,000
6,103,000
5, 827,000
5,336,000
4, 216,000
4,472,000

690,600
684,300
676, 500
697, 500
689,700
714,200
757, 600
809,000
890,800
794,100
709,100
659,200

16,474,000
16,324,000
16,003,000
16,327,000
16,366,000
16, 793,000
16,939,000
17,458,000
18, 608,000
17,000,000
15,770,000
15,048,000

458,300
487,800
508, 200
504,900
485, 600
466,800
448, 600
470, 600
488,800
474,900
440,000
429,800

8,078,000
9,420,000
10, 235,000
9,260,000
8,192,000
7,837,000
7,848,000
8,456,000
8, 720,000
8, 204,000
6,988,000
6,816, 000

1,383,400
1,443,700
1,486,000
1,474, 600
1, 464,800
1,424,100
1, 394,800
1, 422, 500
1,440,400
1,407,800
1,362, 200
1, 347, 500

23, 250,000
25,974,000
27,146,000
25, 689,000
24, 739,000
23, 599,000
23,155,000
24,105,000
23, 757,000
22, 712,000
20,811,000
20, 653,0C0

265, 200
274, 500
284, 000
281, 500
275, 400
271, 600
287,800
295, 200
286, 200
268, 700
235, 600
247, 700

4, 666,000
5, 295,000
5,654,000
5,454,000
5, 322,000
5,170,000
5, 633,000
5,854,000
5,274,000
4,424,000
3, 712,000
3,967,000

629,400
613,900
612,000
616,800
619, 600
638, 500
672, 600
717,000
766,400
691,000
628, 700
600,200

14, 587,000
14,318,000
14,019,000
14,022,000
14,261,000
14, 339,000
14,420,000
14,665,000
15,115,000
14,110,000
13,325,000
12,898,000

, 563,000
7,194,000
7,550,000
6,345,000
5,244,000
4,521,000
3,718,000
4,876,000
6,127,000
6,368,000
5,439,000
4,854,000

1,321,400
1,375,200
1,347, 500
1, 253,000
1,160,100
1,086,800
1, 010,200
1,135, 700
1, 300, 300
1,368, 700
1,337, 700
1,306,800

19,702,000
21,065,000
20,431,000
17,168,000
14, 539,000
13,082,000
11, 688,000
14, 666,000
18,087,000
19,164,000
17,422,000
16,345,000

256,000
270,600
274,500
266, 500
246,100
238,800
242,300
257, 600
263, 600
267,100
246,100
237, 200

4, 209,000
4,852,000
4,935,000
4, 403,000
3, 608,000
3, 539,000
3,656,000
4,078,000
4, 313,000
4, 355,000
3,449,000
3, 318,000

559,000
550, 300
544,400
553,100
549,400
567,100
576,500
609, 500
653,900
626,600
582,900
552, 600

11,983,000
11, 670,000
11,433,000
11,359,000
11,401,000
11,344,000
11, 022,000
11, 270,000
11,795,000
11,464,000
10,695,000
10, 260,000

419,100
442, 200
448, 600
425, 500
394,900
368,100
315,000
350,400
409,400
433,000
415,900
399,800




6

1

95

CHAP. 4.---- RESULTS OF REVISION

T able

9 .— Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933 , and months January 1929 to December
1933— Continued

[All figures subsequent to 1931 subject to revision]
Textiles and their products—Continued
Year and
month

Wearing apparel

Group

Leather and its
manufactures

Food and kindred
products

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
1933
January...
February..
March___
April____
M ay_____
June_____
July_____
August----September.
October__
November.
December.
Year and
month
1919__________
1920__________
1921__________
1922__________
1923__________
1924__________
1925__________
1926__________
1927__________
1928__________
1929__________
1930__________
1931__________
1932__________
1933__________
1929
January___...
February_____
M arch.. ____
April_________
M ay_______ _
June.. _ _____
July__________
August____
September____
October______
November____
December____
1930
January---------February__ _
March...........
April_____ ...
M ay_________
June.. _______
July____ _____
August___
September.. ..
October. _ . __
November____
December.........

382.100 $4, 647,000 1,269,300 $15,300,000
416,400 5.576.000 1,318,200 16,662,000
405.100 4.957.000 1, 238,300 14.318.000
423.900 5.611.000 1,275,800 15, 521,000
418.000 5.049.000 1,341,000 16.472.000
421,800 5.117.000 1,461, 600 18, 784,000
418, 500 5, 267,000 1, 554,400 20.399.000
427, 700 6.150.000 1,593, 600 23.472.000
452.900 7.848.000 1, 600,100 24.929.000
454.000 7, 515,000 1, 591,900 24, 517,000
415,300 6.058.000 1,513, 700 22.078.000
381.000 5, 290, 000 1,433,900 20, 273, 000
Tobacco manufac­
tures

248,000
261, 700
259,200
253,400
258, 500
269, 700
289, 400
300, 600
293, 600
287, 500
256, 000
254, 700

$3,442,000
3.947.000
3, 712,000
3.622.000
4.002.000
4, 527,000
5.060.000
5.467.000
5.419.000
5,053, 000
4, 202,000
4, 272, 000

Paper and printing Chemicals and allied
products

528,600 $9,835,000
523,200 9,588,000
514.800 9, 272,000
554.700 10, 282,000
568.800 10, 724,000
599.900 11.193.000
631, 500 11.687.000
704.700 12, 501, 000
807.900 14.431.000
774, 600 13.880.000
700.800 13.001.000
663, 200 12.858.000
Rubber products

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ
ment
ment
ment
ment
157,000
154,000
149,900
146,400
146,300
136, 700
132,100
125,700
129,300
125,600
116,100
108, 300
99, 700
88, 600
82, 700

$2,386,000 510,100 $10,873,000 0 )
C
1)
2, 772,000 549,100 14,729,000 0 )
(0
2,325,000 467,100 12,259,000 (0
0)
2,206,000 489,400 12,762,000 0 )
0)
2,317,000 527,400 14,304,000 342,700 $8,499,000
2,213,000 529, 200 14,797,000 322, 200 8,013,000
2,147,000 537,100 15,506,000 334, 200 8,444,000
2,049,000 553, 600 16,478,000 355,100 9,055,000
2,025,000 553, 500 16,501,000 346,700 8,978,000
1,916,000 558, 300 16,691,000 342, 500 8,997,000
1,819,000 591, 500 17,771,000 384,800 10,068,000
1.617,000 574,100 17,036,000 364, 700 9,334,000
1,336,000 511,800 14,461,000 316,800 7,643,000
1,052,000 451, 700 11,126,000 279, 700 5,861,000
944,000 458,400 10, 299,000 315,400 6,179,000

Pay rolls

)
0)
0)
)
)
0)
)
0)
137,800 $3, 500,000
123, 200 3,223,000
141,800 3,676,000
141,200 3,707,000
142,000 3,810,000
149,200 4,069,000
149,100 3,986,000
115,500 2,934,000
99,200 2,165,000
87,800 1,555,000
99,300 1, 740,000
0
0
0
0

108,900
119,100
118, 700
117,000
115,300
116,100
114, 600
117,300
117,800
118,900
120,000
109,800

1,606,000
1,728,000
1, 766,000
1,797,000
1,794,000
1,841,000
1,819,000
1,874,000
1,928,000
1,939,000
1,934,000
1,806,000

573,100
579,600
579,600
578,400
581, 300
584,900
589,000
592,600
605,000
608,000
612,100
615,100

17,124,000
17,409,000
17,728,000
17,498,000
17,693,000
17,622,000
17,320,000
17, 551,000
18,137,000
18,368,000
18,297,000
18,510,000

375, 500
379,300
389,400
394,500
367, 700
363, 500
370,300
379,800
395,000
406, 500
402,400
394,500

9,616,000
9, 866,000
9,977,000
10,237,000
9,878,000
9,813,000
9,900,000
10, 011,000
10,322,000
10, 542,000
10,437,000
10, 210,000

154,500
154, 500
156,000
157, 300
158,500
158,400
157,300
153,600
149,100
141,500
125,800
123, 200

3,987,000
4,402,000
4,414,000
4,453,000
4,497,000
4,322,000
4,131,000
3,987,000
3,792,000
3,644,000
3,118,000
3,090,000

103,800
109, 700
110, 500
108,900
110,400
110,400
109,400
104,400
108,900
109,400
108,400
105,900

1,568,000
1,626,000
1,646,000
1, 568,000
1,670,000
1,719,000
1, 666,000
1,572,000
1,630,000
1, 588,000
1,564,000
1,583,000

603,200
596,100
593,800
586,100
583, 700
576, 600
570,100
564, 200
556, 500
555,300
551,800
551,800

17,959,000
17.942,000
17,924,000
17,657,000
17,622,000
17,355,000
16,592,000
16, 521,000
16,361,000
16,183,000
16,130,000
16,183,000

386, 700
385,600
387,100
380,900
360,100
351,000
352,000
352,600
360,000
360, 200
352,900
347, 200

9,902,000
9,999,000
10,019,000
9,841,000
9,571,000
9,357,000
9,169,000
8,980,000
9,020,000
8,969,000
8,683,000
8,500,000

123,900
121,800
120,900
123,000
122,700
122,600
115, 700
113, 600
108, 700
106, 200
102, 700
103,800

3, 233,000
3,353,000
3,273,000
3,437,000
3,477,000
3,218,000
2,950,000
2,831,000
2,611,000
2,404,000
2,141,000
2,285,000




96
T

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

9.— Estimated number of wage earners and weekly pay rolls in industry
groups— yearly averages 1919 to 1933, and months January 1929 to December
1933— Continued

able

[All figures subsequent to 1931 subject to revision]
Year and
month
1931
January---------February. ___
March_______
April_________
M ay______...
June...............
July_________
August_______
September____
October______
November____
December____
1932
January---------February-------March_______
April___ _____
M ay_____ ...
June_________
July____ ____ _
August_______
September____
October______
November____
December------1933
January______
February-------March_______
April_________
M ay_________
June_____ ...
July__________
August_______
September____
October ______
November____
December___

Tobacco manufac­
tures

Paper and printing Chemicals and allied
products

Rubber products

Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls Employ­ Pay rolls
ment
ment
ment
ment
94, 500 $1,311,000
104,400 1,333,000
103,800 1,393,000
100, 700 1,341,000
101, 200
1,393,000
100, 300 1,399,000
99,800 1,379,000
99,600 1,353,000
1,281,000
100, 200
100,800 1,321,000
100,300 1,319,000
91,100 1,206,000

538, 200
529,900
527, 500
524,000
522,800
510,400
505,600
502,700
496, 200
498,000
494, 400
492,000

$15,472,000
15, 348,000
15,508,000
15,277,000
15,135,000
14,584,000
14,087,000
13,963,000
13,518,000
13.661.000
13.483.000
13,501,000

336,000
331,900
323,900
335, 500
323, 500
311,600
307, 700
303,000
308, 500
310,900
307,200
302,400

$8,151,000
8,258,000
8,023,000
8,214,000
8,095, 000
7,737,000
7, 540,000
7,356,000
7,299,000
7,330,000
6,898,000
6,810,000

102,700
101,200
98,100
99,700
102, 700
103,800
101,400
97,800
97,800
95,700
95,600
94,100

$2,312,000
2, 300,000
2,293,000
2,368,000
2,472,000
2,496,000
2, 233,000
2,149,000
1,906,000
1,902,000
1, 758,000
1, 790,000

87,900
91,400
89,600
87,100
85,600
87,800
86,800
86, 700
89,000
91,400
92,400
87,500

1,090,000
1,099,000
1,070,000
1,013,000
995,000
1,070,000
1,053,000
1,015,000
1,044,000
1,077,000
1,073,000
1,031,000

482,000
473,100
469,000
462, 500
453, 600
444,700
436, 500
429,400
437, 600
445,900
444,700
441,800

12, 719,000
12,417,000
12, 239,000
11, 866,000
11,440,000
10,818,000
10, 250,000
9,983,000
10,374,000
10,658,000
10,410,000
10,339,000

299,100
299,100
296,800
296,300
282,100
256,700
252,300
250,200
274,700
281,900
283,700
283,100

6, 500,000
6,548,000
6,448,000
6,291,000
6,078,000
5, 635,000
5,285,000
5,242,000
5, 534,000
5,630,000
5,611,000
5,524,000

92,300
92, 300
90,800
89, 300
88,300
89,300
86,500
84,800
82,800
85,300
86,300
86,200

1,762,000
1, 786,000
1, 710,000
1,603,000
1,587,000
1, 726,000
1,491,000
1,376,000
1, 320,000
1,451,000
1,415,000
1,427,000

77,100
81,000
73,700
72,000
82,000
84, 600
83, 500
86,000
85,300
89,400
91,400
85,900

793,000 434,100 9,912,000 280,000
826,000 433,500 9,752,000 284,600
742,000 425,200 9,379,000 282,600
742,000 424,000 9,255,000 287,400
937,000 428,800 9,646,000 285,100
971,000 437,600 9,877,000 292,400
970,000 447,100 10,090,000 307, 200
990,000 471,300 10,552,000 329,900
1,073,000 492,600 11,103,000 353,200
1,139,000 502, 700 11,298,000 363,400
1,115,000 500,900 11,245,000 361,100
1,035,000 502, 700 11,476, CO 358,300
O

5,521,000
5,526,000
5,434,000
5,418,000
5,653,000
5,938,000
6,167,000
6,483,000
6,787,000
7,115,000
7,045,000
7,060,000

83,000
83,500
80,400
80,100
83,800
93,000
103,900
116,300
119,300
119,100
116,400
112,700

1,280,000
1,288,000
1,128,000
1, 212,000
1,515,000
1,846,000
2,093,000
2,145,000
2,129,000
2,181,000
2, 021,000
2,045,000




Appendixes
Appendix A.—Industries Surveyed by the Bureau of Labor Statistics,
and Date When Monthly Survey Began
1915
Oct. Boots and shoes.
Cotton goods.
Dyeing and finishing textiles.
Knit goods.
Nov. Blast furnaces, steel works, and rolling mills (formerly called “ Iron and
steel” ).
Dec. Silk and rayon goods (formerly called “ silk goods” ).
Woolen and worsted goods.
1916
Feb. Clothing, men’s.
Steam railroad repair shops. (See Cars, electric and steam railroad,
under 1931.)
Mar. Cigars and cigarettes.
Nov. Automobiles.
Leather.
Paper and pulp.
1922
July Agricultural implements.
Boxes, paper.
Brick, tile, and terra cotta.
Carpets and rugs.
Carriages and wagons (dropped in 1931).
Chemicals. (See Explosives and druggists’ preparations, under 1931.)
Chewing and smoking tobacco and snuff.
Clothing, women’s.
Electrical machinery, apparatus, and supplies.
Fertilizers.
Flour.
Foundry and machine-shop products. (See Engines, turbines, tractors,
and water wheels; Locomotives; Textile machinery and parts;
under 1931.)
Furniture.
Glass.
Hardware.
Lumber, millwork.
Lumber, sawmills.
Millinery and lace goods. (Lace goods dropped in 1931.)
Petroleum refining.
Pianos and organs (dropped in 1931).
Pottery.
Printing and publishing, book and job.
Printing and publishing, newspapers.
Rubber tires and inner tubes.
Shipbuilding.
Shirts and collars.
Slaughtering and meat packing.
Stamped and enameled ware.
Stoves.
Oct. Baking.
1923
Apr. Cement.
Confectionery. (Combined with Ice cream until December 1923; then
separated.)
Ice cream. (Combined with Confectionery until December 1923;
then separated.)
Rubber boots and shoes.
Sugar refining, cane.
97




98
May
June

REVISED INDEXES----EMPLOYMENT AND PAY ROLLS
Machine tools.
Steam and hot-water heating apparatus and steam fittings.
Structural and ornamental metal work.
Electric railroad repair shops. (See Cars, electric and steam railroad,
under 1931.)

1925
Oct. Brass, bronze, and copper products.
1926
May Cast-iron pipe.
1929
Feb. Rayon. (Part of the Chemicals industry up to 1929; then separated.)
Apr. Radios (and phonographs). (Part of Electrical machinery up to 1929;
then separated. In 1931 Census of Manufactures combined it with
Phonographs.)
May Canning and preserving. (Not carried under manufacturing industries
until recent revision of manufacturing industries; now shown under
food group.)
1930
Mar. Aircraft.
Jewelry.
Paints and varnishes.
Apr. Rubber goods, other than boots, shoes, tires, and inner tubes.
Oct. Beverages.
Cash registers, adding machines, and calculating machines.
Sugar, beet.
1931
Jan. Engines, turbines, tractors, and water wheels. (Part of Foundry and
machine-shop products until 1931; then separated. Separation of
data carried back through 1923.)
Locomotives. (Part of Foundry and machine-shop products until 1931;
then separated. Separation of data carried back through 1923.)
Textile machinery and parts. (Part of Foundry and machine-shop
products until 1931; then separated. Separation of data carried back
through 1923.)
Explosives. (Part of Chemicals until 1931; then separated. Separation
carried back through 1923.)
Druggists’ preparations. (Part of Chemicals until 1931; then separated.
Separation carried back through 1923.)
Cars (building), electric and steam railroads. (Separated from Electric
railroad repair shops and Steam railroad repair shops in 1931.
Separation carried back through 1923.)
Feb. Typewriters and parts.
Aug. Aluminum manufactures.
Bolts, nuts, washers, and rivets.
Butter.
Clocks and watches and time-recording devices.
Corsets and allied products.
Cotton small wares.
Cottonseed oil, cake, and meal.
Cutlery (not including silver and plated cutlery and edge tools).
Forgings, iron and steel.
Hats, fur-felt.
Lighting equipment.
Marble, granite, slate, and other products.
Men’s furnishings.
Plumber’s supplies.
Silverware and plated ware.
Smelting and refining, copper, lead, and zinc.
Soap.
Tin cans and other tinware.
Tools (not including edge tools, machine tool, files, and saws).
Turpentine and rosin.
Wire work.




Appendix B.—Adjustment of Index Numbers of Employment and Pay
Rolls for Specified Industries and Groups, 1919 to 1922
In the accompanying table are presented monthly index numbers
showing the trend of employment and pay rolls in 21 separate manu­
facturing industries, 9 industrial groups, and 2 subgroups during the
period January 1919 to December 1922. These index numbers are
based upon material assembled by the Federal Reserve Board from
reports of employment and pay rolls collected by the Bureau of
Labor Statistics and certain State departments of labor.1
The indexes for individual industries, computed from these data,
have been adjusted by the Federal Reserve Board to conform with
annual trends shown by the Census of Manufactures, through the
use of a method similar to that employed by the Bureau of Labor
Statistics in its revised indexes described in preceding chapters.
Indexes for individual industries were combined into industrial
groups by the use of weights representing average number employed
and average weekly earnings, as reported by the Census of Manu­
factures. Indexes for employment in all manufacturing industries
were derived from these weighted figures and are likewise adjusted
to the trend of employment and earnings as shown by the census for
all manufacturing industries.
In linking these index numbers compiled by the Federal Reserve
Board to the Bureau of Labor Statistics indexes in January 1923, it
was necessary to make certain adjustments in the later months of
the year 1922, in order to effect a smoother transition.
The separate industrial indexes shown in the following table are
comparable with similar industry and group indexes appearing in
table 8. Together these present a continuous series over the entire
period 1919-33.

i For a description of the basis for these indexes see the Federal Reserve Bulletin, Washington, D. C.r
December 1923, May 1925, and November 1929.




99

100

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Indexes o f employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922 , and monthly indexes January 1919 to December 1922

[3-year average, 1923-25=100]
Iron and steel and their products,
not including machinery
Month and year

Group index

Hardware

Machinery
group
Group index

Transportation Lumber and
group
allied products
Autos

Group index

Em­
ploy­
ment
1919_______________
1920..............................
1921_______________
1922_______________
1919
January____________
February__________
March_____________
April___________
M ay_______________
June_______________
July_______________
August------------------September_________
October-----------------November_________
December--------------1920
January________
February___________
March________ ____
April______________
M ay. _____________
June_____
-July-------------------August------------------September_______
October-----------------November-------------December__________
1921
January-----------------February__________
March_____________
April______________
M ay_______________
June______ ______
July_______________
August____________
September_________
October______
November______
December__________
1922
January... ________
February__________
M arch,. ________ _
April______________
M ay. _____________
June.. -----------------July_______________
August____________
September_________
October______ _____
November____ _____
December____ _____




Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

99.9
107.8
84.1

66.6

97.1
123.8
57.0
70.6

103.5
102.5
69.0
88.9

93.6
99.0
58.4
72.4

116.9
128.9
77.5
81.7

103.7
135.2
69.5
71.8

85.1
88.1
52.9
71.9

74.8
90.3
48.7
65.7

94.1
89.4
76.6
97.4

89.3
109.9
69.7
82.2

109.0
103.9
95.3
93.2
94.0
102.7
102.5
91.3
100.5
106.7

100.1
100.1

104.0
97.1
88.3
83.0
85.5
89.6
103.6
102.3
90.3
100.3
110.7

110.6
112.0
112.4

87.8
95.3
98.1
101.4
103.8
106.3

108.4
113.9
117.7
126.6
130.9

103.3
99.6
98.3
95.5
92.3
88.4
89.9
109. 6
113.4
123.2
131.1

72.4
73.2
74.9
78.1
79.7
83.4
87.3
89.6
93.9
96.8
97.0
94.8

59.7
64.0
65.2
67.7
71.2
69.1
72.9
74.8
83.6
92.4
90.4
86.5

84.1
84.3
87.0
87.1
89.3
89.8
92.9
97.3
104.4
105.2
106.2

74.4
73.4
74.5
77.9
83.6
87.8
92.2
95.0
99.0
99.2
105.6
109.5

112.0
110.1
110.0

116.8
122.5
131.7
125.5
122.5
128.7
121.5
124.1
130.1
132.6
124.0
105.8

111.5
111.4
109.7
101.7
105.7
105.5
103.2
97.1
89.9
82.6

104.9
100.
112.0 107.46
105.4
98.3
103.7
103.8
102.5
98.8
96.8
87.1
78.1

134.5
132.9
135.4
134.2
131.8
133.0
133.7
131.0
128.0
123.4
118.0
110.7

134.4
128.0
140.8
138.6
139.3
143.6
145.2
143.0
138.7
129.8
123.7
117.3

99.2
101.4
99.8
96.7
94.0
94.5
88.4
82.8
73.1
65.2
61.4

96.4
100.8 101.0
94.5
97.2
102.7
97.6
97.1
96.8
92.5
62.4
56.8

103.4
103.8
104.3
98.5
92.4
79.7
88.4
85.1
82.8
76.8
71.2

86.6

114.2
113.8
109.0
114.3
106.0
95.5
88.5

54.6
58.9
61.2
65.6
69.5
70.1

81.6
80.0
73.5
60.5
58.2
48.9
38.3
43.8
43.5
49.0
52.0
54.4

71.0
72.5
71.2
65.4
64.8
66.9
69.1
70.6
71.3

61.7
61.4
62.5
61.0
62.5
59.5
54.7
54.4
55.0
55.0
54.5
58.4

103.3
95.1
90.1
84.4
79.0
74.9
69.2
67.7
66.7
65.6

88.0
66.1

66.1
68.1

105.4
84.5
79.2
73.3
60.0
57.6
56.1
53.5
54.1
56.7

30.7
37.8
46.1
57.5
60.9
58.2
58.3
58.8
58.5
58.2
56.4
53.0

25.2
28.4
38.7
57.6
61.8
60.3
60.3
57.9
55.3
49.9
45.9
42.6

70.9
73.7
75.4
76.3
77.0
77.3
75.3
75.7
76.9
78.4
81.1
80.6

69.8
72.3
74.0
72.3
70.5
73.6
65.6
71.6
67.7
65.4
65.6

66.5
71.7
74.1
79.2
82.1
86.9
87.9
92.5
95.6
98.3

49.0
54.5
57.7
61.0
65.6
70.3
73.0
78.3
85.6
91.5
94.1

71.3
76.9
80.8
84.6
87.8
90.4
92.8
94.3
93.4
96.1
98.4
100.4

56.6
60.6
64.5
65.6
69.7
71.9
72.2
75.5
78.2
81.1
85.4
87.9

70.5
71.3
74.7
76.9
79.7
80.2
80.3
81.1
89.2
92.9
97.5

57.4
59.0
62.5
64.0
67.4
70.1
70.8
73.6
76.8
81.3
85.8
92.8

52.2
56.0
60.1
65.1
72.3
77.1
78.8
80.0
80.1
78.9
80.3
82.1

31.0
46.4
49.8
59.7
67.8
72.9
72.7
78.1
75.5
76.4
78.2
80.1

87.4
91.7
95.5
94.6
99.3
102.4

110.9
114.1
112.9
107.4

108.0
108.5
107.4
90.5

102.1
73.7
76.7
73.9

66.8
66.6
61.9

110.1

86.2 66.2
88.2

97.7 89.7 120.8
98.3 88.6 117.9
101.1 88.7 113.0
90.7 114.2
99.5
101.7 88.7 110.0
95.1 83.8 107.7
99.7
105.2
108.7

100.1
66.0
68.2
71.0

122.1

86.1

100.0

88.0

Em­
ploy­ Pay
ment rolls

101.0

101.2
101.0
99.1
99.9
99.7
96.7

116.1

114.8
121.6
115.1

110.0

68.0
70.9
75.6
80.0
78.5
81.8
84.7
82.2
85.9
85.5
86.4
87.4

88.0

APPENDIX B.— ADJUSTMENT, 1919 TO 1922

101

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922 , and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25=100]
Lumber and
allied prod­
ucts—Contd.
Month and year

Furniture
Em­
ploy­
ment

1919_______________
1920_________ ______
1921_______________
1922_______________
1919
January____________
February. _ _______
March_____________
April---------------------M ay. _ _________
June_______________
July____ __________
August------------------September_________
October____________
November........ .........
December__________
1920
January____________
February _______
March_____________
April_____ ______ _
May_______________
June______________
July_______________
August____________
September. _ ______
October____________
November_________
December__________
1921
January________ _
February__________
M arch._ __ ______
April____ _______
M ay. -------------------June_______________
July----------------------August___ __ ___
September.. ______
October___________
November________
December______ ...
1922
January____________
February__________
M a rc h ..__________
April---------------------May_______________
June.. _________ ..
July----------------------August_____ _____
September. __---------October...
November. .................
December__________




Pay
rolls

Group index

Cement

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Glass
Em­
ploy­
ment

82.3
90.7
73.0
86.5

69.0
90.9
69.2
82.4

86.4
89.8
72.2
85.5

72.1
92.8
66.5
72.6

69.0
83.3
69.6
89.9

62.5
91.7
65.2
83.9

112.7
119.6
82.7
97.4

73.1
74.5
76.9
77.9
79.6
78.0
81.0
85.4
85.9
89.0
92.3
93.6

58.0
58.8
60.7
61.8
64.4
61.3
64.7
71.8
75.4
79.5
83.8
87.2

70.0
67.4
72.2
83.4
93.1
96.1
88.9
96.3
91.8
94.9
92.2
90.6

58.7
55.8
60.9
69.1
78.9
73.3
77.4
80.6
81.0
82.9
80.0

46.4
45.5
55.3
60.1
65.9
76.6
79.5
78.5
80.4
82.3
83.3
73.7

39.4
36.8
47.8
51.8
55.4
66.7
71.0
72.7
76.5
81.1
82.9
67.9

93.0
93.0
93.3
93.0
91.0
91.9
92.2
92.4
91.9
90.0
85.9
81.0

85.6
92.2
91.9
91.3
95.5
95.7
95.1
95.0
94.4
85.3
80.6

86.4
83.2
86.3
89.8
95.7
95.7
93.9
90.7
89.4
90.9
87.4

78.8
74.1
80.0
97.8
100.9
98.6
98.2
98.1
102.4
96.7

76.6
67.9
72.7
85.3
90.1
85.3
84.2

65.2
69.4
71.8
73.5
73.2
73.2
72.5
72.7
72.4
73.8
78.1
79.9

60.3
67.0
70.3
69.2
69.6
63.3
67.3
69.3
71.5
75.3
78.6

71.6

77.0
76.7
75.4
73.3
74.5
73.0
72.9
72.4

73.8
59.9
63.2
68.5
72.0
71.1
64.1
67.1
64.9
64.3
64.1
65.4

79.6
82.1
83.6
83.0
82.8
83. 7
84.3
87.6
91.6
95.1
98.3

73.0
77.8
81.0
79.4
79.7
80.1
76.5
80.5
82.0
86.4
94.0
97.8

74.9
82.3
90.6
91.3
90.8
91.5
92.0
92.2
93.2
92.2

57.6
53.3
57.8
63.2
73.2
76.7
78.4
79.3
81.2
81.3
83.9
84.9

86.0

88.0

Textiles and
their products

Stone, iclay, and glass products

66.1

88.0

68.2
67.1

Pay
rolls

100.8
128.5

Em­ Pay
ploy­ rolls
ment

78.7
84.7

98.8
99.0
92.6
97.3

89.8
107.7
89.3
91.4

113.8
114.8
116.9
115.8
116.9
83.6
109.7
107.7
118.9
119.9

106.2
104.0
106.8
103.4
94.9
73.7
90.4
102.9
104.7
108.2
114.1

91.3
85.5
92.0
95.5
98.7
103.4
103.5
105.0
106.5
106.8
109.0

72.9
64.3
69.5
74.7
79.8
96.9
104.9
102.4
103.9
117.9

74.7
63.3
64.0
91.3
102.4
99.3
98.6
97.6
103.4
106.8
96.2

113.8
113.8
119.9
115.8
117.8
118.9
118.9
114.8
115.8
123.8
132.9
128.9

108.3
106.3
118.6
115.8
130.2
128.6
127.0
128.0
132.7
143.8
156.2
146.6

108.7
104.8
96.8
94.7
94.4
91.0
81.3
72.6

122.7
121.5
128.0
124.5
121.4
119.0
106.9
105.1
93.0
78.8
69.3

70.8
48.5
61.1
76.6
76.6
72.7
75.6
62.0
73.7
74.7
72.7
69.8

73.0
46.6
59.5
74.3
73.2
68.4
58.5
67.9
63.8
61.4

106.7
89.6
91.6
79.5
82.5
75.6
67.5
71.5
69.5
73.6
87.7
96.7

110.5
82.1
85.6
80.1
81.1
73.8
54.1
66.7
67.9
80.6
93.4

70.9
83.7
89.0
92.3
93.3
93.9
94.5
95.8

64.6
72.0
79.5
92.6
96.4
96.6
98.8
99.3
98.9
99.3
93.0

50.2
54.4
63.0
73.3
84.8
91.8
95.4
101.5
101.3
99.2

98.2
100.6
97.0

105.1
107.0

90.5
80.8
83.4
76.3
74.6
72.3
78.8
79.9
83.0
92.2
100.9
103.3

88.2
86.2
86.2
88.0 100.0 88.2 102.2
88.2

68.6 61.7
66.0
72.1

Group index

68.8
66.6

112.8 100.8
121.8

100.6
100.6
100.2
88.2
96.5
96.3
88.8 92.46
88.
90.5
92.2
102.8 98.3

88.1

110.6
109.7
112.0
110.9

68.1 100.2
101.1
98.7
98.2

93.8
92.5
91.8
92.0
94.5
98.1

88.6
101.6

102.2
65.9
81.8
90.3
92.0
90.5
91.8
91.8
95.0
97.8
92.0
88.5
94.1
90.4
95.4
91.5
83.9
83.3
84.9
90.9
94.7
94.6
98.5

88.1

100.6
102.8 101.0
105.8

102

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922, and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25=100]
Textiles and their products—Continued
Month and year

Fabrics

and fin­
Cotton goods Dyeing textiles
ishing

Knit goods

Silk and rayon
goods

Em­
ploy­
ment
1919_______________
1920_______________
1921_______________
1922________________
1919
January____________
February__________
March_____________
April______________
M ay______________
June_______________
July----------------------August------------------September_________
October____________
November. _________
December__________
1920
January...................
February------ --------March. _ . ------------April____________ __
May------- --------------J u n e ..-----------------July_______________
August— -------------Septem ber..---------October.. . -----------November_________
December__________
1921
January____________
February__________
March__. ------------April_____ _______
M ay________ ____ _
June_______________
July_______________
August_____________
September_________
October________ ...
November_________
December__________
1922
January____ ____ _ .
February_______ __
March___________ .
April______________
M ay_______________
June.. ____________
July____________ .
August____________
September_________
October___________
November___ _ _
December__________




Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

95.2
94.6
89.9
95.4

85.9
103.1
84.6
87.1

97.4
97.7
93.1
93.8

96.4
122.7
89.0
86.6

85.4
80.8
78.2
83.8

75.6
88.5
76.6
77.6

92.8
96.7
87.4
104.4

77.2
98.6
81.4
94.1

101.9
104.5
97.8
95.2

82.9
97.3
87.1
79.2

88.3
79.6
82.5
87.4
93.8
98.3

94.3
90.1
90.3
90.8
97.9
99.5

105.7

72.2
56.7
60.8
69.9
80.6
92.0
95.8
97.4
97.2
96.4
96.8
114.9

100.5
98.7
104.7

86.9
69.7
70.9
76.9
92.0
105.5
107.9
107.2
107.9
104.8
99.6
127.0

84.2
73.4
73.6
77.1
82.1
88.0
90.0
88.7
89.6
90.0
93.0
95.5

64.2
51.3
53.5
59.2
67.5
81.8
85.4
83.8
83.8
84.8
87.0
104.4

86.4
80.7
81.2
82.1
86.3
92.2
96.6
98.8
97.6
101.9
103.1
106.7

63.4
55.4
55.9
57.1
65.3
76.3
83.5
88.9
88.3
93.0
94.4
104.4

94.8
92.2
94.5
102.2
104.8
101.8
104.8
106.3
100.1
102.7
107.5

76.8
70.1
73.8
82.1
86. O
'
81.4
81. O
'
85.7
80.1
85.0
93.0
100. 0>

106.8
105.2
106.6
106.1
105.0
102.2
92.9
90.1
88.8
85.1
76.8
69.0

117.9
113.6
118.3
118.9
118.5
119.3
104.7
102.4
100.8
84.0
73.6
65.5

104.3
102.5
103.9
102.4
100.5
101.7
102.9
100.1
97.2
93.5
84.8
78.7

129.6
124.6
128.1
127.5
127.9
142.4
142.7
141.9
134.6
103.4
91.0
78.1

93.9
90.9
89.5
84.5
83.3
84.2
83.3
82.1
76.8
69.6
67.0
64.9

102.4
91.2
93.9
92.3
89.8
106.1
101.9
97.9
85.1
68.8
62.5
70.4

107.7
106.8
110.3
107.4
102.9
100.5
92.8
81.5
69.5
58.1

109.3
105.2
116.3
120.9
117.6
116.6
105.2
101.2
94.0
77.3
63.6
55.9

112.5
112.9
111.1
113.7
114.1
110.8
104.9
101.2
97.2
96.0
93.0
86.3

102.7
108.1
107.9
109.2
106.4
94.9
94.7
90.691.0
81.1
80.4

65.4
78.9
83.6
88.0
91.3
92.8
92.9
94.1
97.0
98.3
98.6
98.3

57.8
72.9
79.0
84.8
88.9
91.1
88.3
88.2
91.8
88.9
88.8
94.9

76.8
91.7
90.5
90.0
91.9
92.6
93.7
95.4
97.6
99.0
99.3
99.2

71.0
89.9
87.6
87.5
90.3
91.9
90.7
88.9
93.2
87.4
90.0
99.3

61.9
69.8
74.6
75.2
78.9
80.3
79.6
81.2
83.3
84.7
85.4
83.7

57.3
68.5
75.2
76.7
78.2
81.1
79.1
79.0
82.9
79.9
75.7
85.9

54.0
67.6
77.2
83.3
87.6
90.3
87.3
91.1
96.6
102.3
105.6
105.3

47.6 82.3
61.3 86.2
70.1 92.5
76.6 96.6
81. 6 99.3
84.6 101.0
78.4 102.3
85.1 100.8
91.4 103.9
99.0 104.2
99.5 101.8
101.7 102.5

71.1
80.0
89. 2
92.7
94.8
94.8
91.1
87.7
88.9
89.0
79.8
85.0

98.0
97.3
91.2
89.2
89.8
90.0
90.0
92.3
96.1
99.6
104.2
107.3

89.1
88.5
80.8
78.3
80.9
81.6
82.1
84.2
88.9
89.9
99.2

97.2
92.1
73.2
72.6
76.5
77.2
79.6
83.2
90.1
90.1
102.0
110.7

83.7
78.0
80.8
71.9
73.4
75.2
79.4
80.8
89.8
94.3
97.5

80.9
69.3
73.2
65.8
66.7
68.7
72.5
71.4
81.9
86.8
94.8
99.6

104.5
108.2
108.8
108.0
105.3
104.7
99.0
102.2
100.4
102.5
104.1
105.1

92.6
99.0
100.3
96.1
95.6
94.9
86.0
89.7
87.3
92.8
96.8
97.8

82.6
83.9
81.2
71.5
70.0
70.4
74.4
77.0
78.1
84.1
87.2
89.4

101.1
101.6

100.5
101.6
102.1

102.1

101.1
101.1
100.0

101.1

98.0
83.2
83.7
85.9
85.9
87.1
90.2
95.0
98.8
105.8
110.4

100.8

111.6
111.6

Em­ Pay
ploy­ rolls:
ment

111.2

102.6
102.6

102.5
95.2
92.1
89.9
89.3
88.9
90.7
93.2
96.1
98.7

101.0

APPENDIX

B .—

ADJUSTMENT,

103

1919 TO 1922

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922 , and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25=100]
Textiles and their products—Continued
Month and year

Wearing apparel

Clothing,
men’s

Clothing,
women’s

Millinery

Shirts and
collars

Em­
ploy­
ment
1919_______________
1920_______________
1921_______________
1922_______________
1919
January.. -------------February__________
M arch.. _____ _ .
April---------------------M ay----- -------------J u n e ..----------- -- July_______________
August------------------September_________
October____________
November. ---------December_________
1920
January------------- --February---------------March-------------------April---------------------M ay_______________
June----------------------July_______________
August------------------September. ---------October____________
November--------------December--------------1921
January------------- ..
February---------------M arch.. --------------April---------------------M ay_______ _____
J u n e---------------- - July_______________
August— ----September._______ _
October---- ------------November------ -------December---- ----------1922
January-----------------February__________
M arch.. -------------April______________
M ay_______________
June______ _____
July_______________
August____________
September_________
October____________
November--------------December ........... .......




Fay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

107.1
109.6

97.9
117.3
99.3

101.6
100.2

91.8
117.1
93.6
99.4

128.9
122.3
112.6
103.8

114.4
124.2
108.2
103.1

100.1

100.6

96.5
90.7

96.9
102.5
101.7

99.8
95.0
94.5

92.3
107.1
98.1
109.3

79.5
114.1
96.3
105.3

98.4
99.3
102.7
99.6
99.6
108.6
108.0
115. 5
117.8
117.7
116.8

74.7
79.6
86.8
84.4
78.7
82.4
99.8
110.4
120.8
114.7
118.4
124.3

79.9
84.3
85.0
86.8
88.9
93.6
100.1
99.8
105.3
109.4
115.3
109.4

60.7
63.3
65.8
70.8
74.6
82.9
92.8
98.8
113.2
113.6
129.3
135.5

128.0
123.2
126.4
129.6
115.4
110.7
132.7
132.7
140.6
142.3
131.1
134.3

95.1
103.3
117.7
106.3
86.2
86.5
121.8
140.5
145.7
129.5
117.5

99.8
102.5
108.3
104.5
105.4
97.9
87.6
84.7
98.8
88.5
89.4
95.9

83.5
90.5
99.0
89.4
84.0
79.9
80.5
90.6
97.0
86.5
87.5
95.2

85.9
87.3
87.1
90.0
89.7
88.0
86.7
94.9
99.9
104.8
106.5

61.5
62.2
65.2
66.2
70.9
72.2
73.4
75.1
92.1
97.8
106.7

110.8

119.4
120.1
124.6
122. 5
117.6
111.2
106.3
105.6
107.9
105.3
92.3
81.8

132.8
137.7
147.7
136.1
127.7
118.9
111.7
111.0
105.7
111.5
89.5
77.3

117.0
119.2
119.1
114.8
109.7
104.5
98.5
87.4
71.4
54.5

140.6
137.2
151.3
149.0
146.6
135.4
123.3
112.5
99.0
90.7
68.0
51.7

137.5
139.0
142.3
131.1
118.6
107.4
102.7

134.5
152.7
158.6
128.8
111.3
102.2
103.7
118.9
115.8
140.4
116.2
107.1

106.4
103.6
109.5
110.5
100.2
96.6
83.6
81.8
100.8
103.7
101.9

116.9
111.4
116.4
114.5
101.6
99.6
82.4
80.7
99.9
97.6
88.5
88.5

107.3
107.1
112.0
114.8
114.6
112.2
111.9
103.2
107.1
108.9
99.1
87.3

113.0
115.3
126.3
129.9
131.9
128.0
119.1
106.5
108.6
118.0
94.5
77.5

82.4
113.4
107.0
94.4
94.0
99.5
109.4
110.4
99.1
88.8
93.3

61.0
75.2
79.9
84.6
83.5
91.1
98.6
104.9
104.4
103.1
100.0
101.7

56.1
74.7
89.3
94.9
85.7
94.2
104.6
117.2
112.6
96.6
93.2
103.8

113.8
120.2
129.6
124.8
116.8
104.3
104.3

96.4
88.5

114.6
130.4
144.2
119.1
103.3
93.1
103.2
115.0
116.4
103.9
79.8
75.5

82.8
94.0
103.0
104.8
99.5
95.8
68.2
101. 5
106.5
109.3

77.8
95.9
106.7
106.2
107.3
95.4
83.5
71.4
92.6
100.3
105.2
113.4

103.5
100.3
81.4
81.7
98.5
111.2
107.8
106.3
101.6
99.1
96.6
101.1
106.9 105.7

90.0
118.5
123.1
115.2
104.1
91.3
91.3
99.6
106.9
107.9
99.9
97.3

78.7 106.4 94.8
124.3 107.6 95.3
131.9 115.4 109.1
105.7 118.6 113.7
92.7 106.8 93.5
82.6 93.0 85.8
93.1 86.9 78.2
107.0 92.1 86.9
112.6
99.0 98.0
115.0 100.6 95.9
101.0
96.0 89.8
92.7 98.5 92.5

100.0
102.6

101.2

84.5
95.6
102.3
103.3
99.1
97.5
99.2
100.8
108.8
109.0
100.3
99.2

100.2

93.9
109.5 110.1
111.6
113. 7
105.5 95.6
99.8 89.0
97.1 92.4
97.2 100.5
100.3 104.6
103. 2 106.8
103.4 104.2
100.3 97.5
102. 7 99.4

100.0

110.8
112.1

102.1
101.8

101.9
93.2
91.5
98.0
100.5
101.3
101.9

101.1

112.2
121.6

128.0
115.4
112.2

112.2
120.2
120.2

122.8

102.0
102.1

113.0
119.9
119.4
102.9
100.4
84.3
86.9
99.8
100.6
98.4
101.8

88.6

91.4
114.9

121.6
121.6

89.1
94.4
73.8
82.4
91.1
88.5
82.7
88.3

Em­ Pay
ploy­ rolls
ment

86.6

100.1

112.2

111.5 103.6
114.6 110.0
115.1 112.6
115.6 109.7
113.3 108.9
111. 2
108.2
107.6 101.5
104.5 100.6
103.4 98.4
103.4 100.2
104.6 100.9
106.7 109.3

104

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922 , and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25=100]
Leather and its manufactures
Month and year

Group index Boots and shoes

Food and kindred products

Leather

Group index

Baking

Em­
ploy­
ment
1919________________
1920_______________
1921________________
1922________________
1919
January_______ ____
February__________
March_____________
April______________
M ay_______________
June_______________
July_______________
August___ ____ ____
September________
October_________ .
November____ _ ...
December__________
1920
January____________
February__________
March_____________
April______________
M ay_______________
June_______________
Ju ly .,..____________
August... . ___ ..
September_______ _
October_________ ..
November_________
December--------------1921
January____________
February _________
March_____________
April______________
M ay______ ______
June.. ____________
July_______________
August... . . .
September._. _ _ ...
October__________ _
Noyember_________
December__________
1922
January___ . __ ....
February __________
March_________ ...
April... .. . .. . _ .
M ay________ ______
June_____.. ______
July_______________
August_____
. ._
September____ ._
October__________ _
November_________
December_____ ____




Pay­ Em­
rolls ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

108.1
98.5
86.6
97.3

99.9
106.5
86.5
96.1

100.0

92.3
88.7
97.7

133.2
119.3
92. 4
106.8

127.3
131.7
84.6
95.4

109.8
106.7
93.7
97.5

97.6
109.6
94.1
92.8

87.3
95.7
92.4
92.3

73.3
96.6
92.1
87.3

104.8
105.0
104.3
103.0
104.6
105.6
106.3
109.5

114.3
116.3

94.0
90.9
89.8
86.9
90.9
94.4
98.3
105.1
106.8
109.1
111.7
120.7

103. 3
104.6
107.1
109.3

90.5
85.5
83.1
79.5
83.0
86.5
89.9
95.2
98.2
100.0
103.5

121.9
124.4
125.4
129.2
133.1
131.9
138.9
141.8
141.8
143.4
144.4

107.9 106.6
110.7 103.0
113.8 101.9
113. 4 99.3
118.9 98.4
123.2 103.8
128.7 112.3
140.7 120.9
137. 7 127.2
141.5 122.1
141. 5 112.4
150.0 109.3

92.7
91.5
91.7
88.6
89.9
94.3
96.9
103.7
108.8
104.9
103.5
105.1

84.4
84.3
85.7
85.7
85.1
87.3
89.0
88.7
87.6
88.2
90.4
91.4

65.2
68.9
69.4
68.9
70.6
73.4
73.0
74.4
76.5
72.5
80.7

117.5
115.1
115.7
112.7
109.4
104.2
96.1
93.6
84.2
81. 2
77.1
74.9

123.8
117.4
123. 2
121.4
119. 0
119.4
110.6
107.2
92. 3
85.1
80.0
78.1

110.5
108.8
109.9
107.8
104.7
100.2
90.6
89.4
79.8
77.7
74.6
73.7

115.9 146.5
108. 7 141.5
115.8 140.0
115.2 134.4
112.3 130.2
113.4 123.2
103.7 120.5
100.9 114.1
87. 0 105.4
78.0 99.8
74.7 91.2
74.4 84.8

153.5
149.1
151.5
145.7
144. 6
142.9
137.5
132.0
113. 7

101. 7 92.3
98.3 92.4
104.3 94.8
97.9 94.1
109.1 94.4
115.1 96.4
117.2 100.0
100.9
122. 0
123.2 97.2
115.1 96.4
109.3 95.9
101.7 93.4

85.4
83.2
94.1
84.1
96.7
101.5
104.4
104.9
103.5
101.7
102.4
96.8

73.3
79.5
82.3
81.4
84. 6
87.8
89. 7
92.9
92.9
91. 5
90.5
92.5

71.7
85.5
84.8
81.2
82. 7
88.7
89.0
94.0
92.3
88.1
84.9
94.6

72.4
79.8
82.5
83.3
86.1
88.4
89.9
94.0
94.0
92.3
90.3
91.9

70.1
86.9
84.1
85.2
91.1
91.1
97.2
95.5
90.9
87.3
97.0

82.1
84.3
80.8
86.3
93.3
96.6
97.1
97.2
97.6
100.6
104.7

93.0
93.7
94.1
88.2
91.2
91.7
94.0
97.1
100.1
100.3
95.2
90.0

88.7
87.4
89.2
88.8
89.6
93.6
97.0
97.0
95.2
96.3
95.1
91.4

91. 0
92.3
93.4
84.6
92.3
94.2
96. 2
93.8
95.9
96.6
89.8
85.5

94.7 96.3 93.9
95.6 97.5 94.4
93.8 92.2 92.5
89.6 86.6 88.0
89.5 86. 2 88.0
91.2 89.5 89.7
95.0 92.6 93.6
99. 7 98.7 98.3
102.3 100.4 100.8
102.8
99.8 101.5
105. 3 103. 8 103.9
107.5 109.1 106.4

99.1
99.3
94. 4
88.0
87.2
90.1
94.2

106.5 94.3
109.0 98.2
105. 4 90. 6
101.9 86.9
100.2
87.3
101. 3 91.9
104.4 91.7
108.1 96.1
110.5 96.8
109.7 100.8
111.9 103.6
112.6
106.1

85.5
84.2
86.3
81.0
86.6
91.4
95.6
100.1
105.1
100.3
101.3
96.1

89.4
89.7
92.2
88.4
88.9
91. 7
97.8
94.5
92.8
93.8
95.2
92.7

81. 2
83.9
86.3
81.7
84.2
88.1
92.3
88.1
90.4
91.0
93.1
87.8

111.0
112.0

101.8

94.0
87.1
95.9

100.6
100.8

99.4
97.4
98.5
98.8

100.0
102.2

112.8

88.1

100.8
102.8

100.7
105.0

111.0

122.2

88.1

112.8
102.0

94.6

101.9
98.3
100.3
99.1
100.2
106.7
114.5
123.2
127.1
112.9
102.4
93.6

81.6 84.1
81.6 85.8
82.3 87.4
76.6 84.8
79.6 86.1
86.3 90.5
87.4 95.7
89. 7 102. 4
87.3 107.4
85.1 104.9
83.2 101.7
93.9 94.1
86.7
87.3
89.6
85.9
86.9
93.1
102.4
112.7
115.5
107.5
104.0
98.0

Em­ Pay
ploy­ rolls
ment

,

86.1

105

APPENDIX B .— ADJUSTMENT, 1919 TO 1922

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922, and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25 = 100]
Tobacco manu­
factures

Paper and
printing

Slaughtering Sugar refining,
and meat
cane
packing

Group index

Group index

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­
ment

Pay
rolls

Em­
ploy­ Pay
ment rolls

107.3
124.6
104.5
99.1

96.0
103.4
88.0
92.2

73.1
99.1
82.5
85.9

Food and kindred products--Continued
Month and year

Flour
Em­
ploy­
ment

1919_______________
1920________________
1921________________
1922_______________
1919
January______ _ ...
February__________
March_______ _____
April______________
M ay. ___________ _
June_____________ .
July_______________
August____________
September,. _______
October____________
November_________
December______ _
1920
January____________
February__________
March______... __
April___________ _.
M ay_______________
June___________
July_______________
August_______ ____
September., ______
October_____ ______
November.. ______
December__________
1921
January______ ___
February__ _______
March_____________
April____ _______
M ay___________ ...
Jun e... __________
July_______________
August_____________
September_________
October____________
November. __ ______
December._________
1922
January____________
February _________
March_____________
April___________ ...
M ay.. _ __________
June________ ... ..
July_______________
August_____________
September.. ______
October______ _____
November____ _____
December....................




Pay
rolls

135.0
121.7
105.3
106.9

124.0
130.1
104.6
98.2

111.8

127.2
94.4
91.7

128.3
124.6
93.5
87.1

123.8
117.0
105.5
122.6

116.2
132.2
99.3
110.4

113.4
111.3
108.3
105.8

134.2
129.0
118.5
127.1
127.9
125.6
131.0
141.6
150.8
150.4
142.6
141.2

125.2
105.3
103.7
113.9
114.3
114.1
113.3
134. 4
140.2
143.5
138.1
142.1

148. 2
135.4
128.8
119.1
119.6
124.3
124.8
123.4
121. 7
122.7
125.5
132.5

140.8
134.6
135.0
123. 4
124.1
128.8
126.3
123. 9
119.4
124.7
125.7
133.3

112.9
126.4
132.1
126.4
131.1
134.4
137.7
128.7
132.1
114.0
111. 7
98.3

96.0
114.3
115.1
105.2
120.2
128.0
132.9
117.8
138.9
106.8
119. 7
99.8

126.7
125.2
125.4
123.0
121.2
111. 7
98.1
88.3
97.8
103.8
120. 3
119.8

105.0
109.5
102.5
107.4
97.2
89.8
84.7
102.0
106.1
134.5
138.4

95.3
94.6
94.7
93.5
92.0
94.2
95.5
96.4
97.2
97.4
99.4
102.3

69.1
68.4
68.9
68.4
67.4
71.9
73.5
76.3
80.5
69.6
73.0
90.7

135.9
123.4
122.3
116.2
111.2
119.9
121.8
125.5
127.2
126.1
113.8
117.5

143.5
118.7
125.4
116.4
126.2
130.9
128.2
133.5
138.4
141.8
127. 6
131.1

125.5
119.9
116.3
113.1
112.5
113.8
111.4
107.4
105.4
104.9
107.0
104.7

132.9
129.7
127.3
118.3
131.4
134.5
128.6
121.2
118.5
119.6
118.4
114.3

111.7
123.1
125.3
125.3
128.7
131.1
134.4
135. 5
112.9
100.4
91. 4
83.6

124.0
133.6
137.5
148.3
152. 2
153.4
157.4
158. 6
127.7
102.0
98. 4
92.8

116.1
110.3
112. 4
112.9
108.9
109.5
106.6
106.3
111.5
110.9
114.8
115.1

126.8 103.6
115.5 102.1
129.2 103.7
126.5 103.1
128.9 102. 9
130.0 102.7
118.3 104.4
117.3 104.4
123. 7 104.7
125.1 104.9
128.5 103.7
125.1 100.5

93.1
91.9
97.5
95.5
99.1
99.7
99.8
102.3
103.0
105.3
103.6
98.2

108.3
108.3
106. 5
104.7
95.0
92.4
104.0
106. 5
111.7
112.6
109.1
104.0

121.5
119.7
113.5
110.5
93.4
89.2
95.7
103.7
108.4
104. 4
97.7
96.9

97.9
97.2
94.0
90.1
96.5
93.3
96.0
91.6
90.0
94.8
100.0
91.2

108.2
100.9
97.7
92. 2
96.8
90.5
93.1
86.9
84.6
90.6
95.0
85.0

104.7
123.7
116.1
103. 4
104.0
104.0
110.1
97.7
97. 7
105.7
109.8

87.7
108.1
131.2
119.4
102.1
105.6
101.1
107.8
87.5
83.0
81. 6
76.7

107.6
103.5
100.0
106.3
108.6
110.6
107.1
107.6
112.0
113.6
111.9

108.3
100.9
100.9
102. 5
110.5
112.5
104.9
104.6
108.5
104.0
95.8
100.4

95. 4
94.1
87.7
82.1
82.5
83.0
84.4
85.8
87.6
89.8
90.3

104.7
104.0
107.4
101.3

96.3 94.0
94.6 89.4
95.4 85.6
89. 2 84.2
92.8 87.2
95.6 89.8
88.3 91.6
94.0 89.4
98.8 91.1
110.6
94.2
114.1 99.7
108.7 104.1

88.7
77.6
74.4
71.6
83.3
88.0
90.0
86.2
91.0
92.0
99.5
103.3

118.8
130.0
136.9
132.3
128.9
133.5
133. 5
132.3
123.3
99.6
102.9
99.6

100.7
113.5
121.1
117.1
113.6
121. 2
119. 2
117.7
112.0
91. 2
99.7
97.8

97.1 87.3
85.8
103.9 92.5
98.2 80.6
101.7 93.5
102.8
98.9
108.4 104.4
107.8 104.1
110.9 107.8
112.4 107.8
112.0
113. 7
112.3 113.1

92.2
91.7
90.5
88.0
90.2
89.7
90.2
92.1
93.5
94.7
95. 5
97. 5

102.2
102.2

101.3
106.9
112.6
112.7
115. 3

112.0

88.8

110.8

102.0

110.0

92.8

92.3
87.4
82.4
75.7
77.6
77.9
78.9
80.0
81. 5
82.6
85.1

88.2

83.0
80.4
84.1
82.2
84.1
84.3
83.5
85.3
88.3
89.9
91.3
93.8

106

REVISED INDEXES— EMPLOYMENT AND PAY ROLLS

Indexes of employment and pay rolls in manufacturing industries— yearly averages
1919 to 1922 , and monthly indexes January 1919 to December 1922— Continued

[3-year average 1923-25 = 100]
Paper and printing—Continued
Month and year

Boxes,, paper

Paper and pulp

Employ­
ment
1919______________________________________________
1920______________________________________________
1921______________________________________________
1922______________________________________________
1919
January____ _ _ _________ ________ ___
February ._ ___ __ __________ _ _ _ __ _ ___
March.. ________ ._ _ ____... _ _ _ __ ... ...
April________ ____ ._ . . . ___. . . . _________ ...
May_____ ... _ __ . ________ _____ _ ___ ...
J u n e ..___________ __________ __________ ______
July______________________________________________
A u gu st____ _ . _____ _____ .. . .. ._ __________ _
September.. _________ __________ _____ _________
October____ _. _ ____ _ . ... ... ... __ .. . _
November_________ ... __ _ __ __ _______________
December.._____ .. . . _ ___________ ... . .. .. _
1920
January__________ ... .. . ------------ _ ------ ..
February._ __________ ____ ______ ________ .. . ._
M a rc h ..________ ___________ __________ ._ ..
April_________________________ _________________
M ay. _______ ____ ... . ... ____________... .
June.. ._ ...
_. . . . ___________. . . ________
July______________________________________________
A ugust______ _. _________________________
September____ _ ._ ------- ----------- ------------- -----October_________ __ _ ... _ . . . . . . ____
_ _. .
November___ ____ ___ __ _____ ..
December___________________ ______ ____________
1921
January_____ _________ _ ______ ______ _____
February__ _ __________ ______ . . .
.
M arch.._ _ _ _ _ _ _ _ _ _ _ _
_____ _____ ____
April___ _ _ __ _ __ _ ________ _ . ___
May. -. _________ _ ______ ____ _____________
June___ .. _____
___ ___________
July______________________________________________
August___ _________ _________
.. _ ...
September______ _______ _____ .. . ____ _ . _ _.
October______ _ ___. . . . _____ ______ ___...
November._ ._ . __ _. __ ______ ______ ____ _
December____________________________ _________
1922
January___________ ___
____ _ ----------- —
____ .
February_____ _______ ____ ____
March__________ _ _ ___ __ __ _____ __ ________
April__________ _ __________ _ _____ _______
M a y .-------------- ------------------- ----------------June. ___________ . . . _______ ____________ ...
July______________________________________________
August ... . . . . _____ ________ _ _____ ... _.
September_________________ _ __________________
October________ ._. . __ ... ._ _________ ____
November.._ . ------------------ ---------- ---------------December________ ._ ___________________________




Pay rolls

Employ­
ment

97.8
103.8
81.5
87.1

77.9
97.5
72.3
80.7

94.0
108.6
87.1
90.7

125.0
84.1
83.4

77.5
71.7
73.0
70.1
71.6
73.2
73.1
78.4
79.3
80.8
90.7
95.5

93.3
90.7
91. 4
88.5
82.4
90.4
93.2
94.7
98.8
99.7
102.0
103.0

85.6
81.6
79.0
75.6
69.2
83.7
86.4
91.4
95.5
101.6
101.4
106.1

103.2
99.5
102.5
101.9
101.3
108.0
109.4
112.0
108.2
102.4
95.6

92.9
96.0
96.9
96.8
99.4
102.1
102.7
107.6
102.5
97.3

103.9
102.7
107.5
107.5
108.8
109.5
111.6
112.3
112.1
112.3
109.8
105.2

107.5
106.5
114.8
114.8
129.2
132.0
130.9
139.4
136.7
137.7
132.1
118.4

86.5
87.0
86.7
85.4
78.8
71.0
71.5
77.4
80.2
80.9
86.6
86.4

76.4
79.4
77.1
72.2
65.2
62.5
63.3
69.0
71.0
72.6
79.0
80.3

81.7
81.8
83.0
80.6
81.9
82.0
85.6
89.3
91.6
94.5
96.7
96.9

73.8
69.7
74.9
74.2
76.5
77.9
80.0
81.3
86.2
89.7
90.7
93.2

101.8
100.2

97.4
94.8
95.2
93.5
94.3
95.9
91. 1
99.9
103.4
106.0
102.1

88.1

88.2

100.2

97.9
95.5
87.9
78.7
77.7
80.1
81.7
83.1
84.6
89.1
89.0
88.2

89.8

88.8
86.0

88.3
89.4
91.1
90.6
91.4
94.6
94.5
95.6

Pay rolls
88.1

105.2
102.3
96.3
87.6
71.4
73.6
74.8
78.2
75.4
77.9
82.7
83.2
80.9
82.4
80.2
75.6
79.8
80.9
80.7
83.5
84.7
89.9
90.9
91.5