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APRIL 1982 / VOLUME 62 NUMBER

SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION

1

National Income and Product Accounts Tables

9

Gross Product by Industry, 1981

20

The High-Employment Budget: Revised
Estimates and Automatic Inflation Effects

21

Growth of U.S. Multinational Companies, 1966-77

34

Errata

46

State Personal Income, 1979-81

47

Revised County and Metropolitan Area Personal Income

49

"The Social Security Contributions Equations
of the BEA Quarterly Model"

72

U.S. Department of Commerce
Malcolm Baldrige / Secretary
Robert G. Dederick / Assistant Secretary
for Economic Affairs

Bureau of Economic Analysis
George Jaszi / Director
Allan H. Young / Deputy Director

CURRENT BUSINESS STATISTICS
General

SI

Industry

S19

Footnotes

S33

Subject Index (Inside Back Cover)

Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Managing Editor: Patti A. Trujillo
Staff Contributors to This Issue: Wallace K. Bailey, Leo M.
Bernstein, Robert L. Brown, David W. Cartwright, Edwin J,
Coleman, Frank deLeeuw, G. Christian Ehemami, Douglas
R. Fox, Bruce T. Grimm, Linnea Hazen, Thomas M.
Holloway, Ned G. Howenstine, Eric R. Johnson, Daniel J.
Larkins, Elizabeth H. Queen

SURVEY OF CURRENT BUSINESS. Published monthly by the Bureau
of Economic Analysis of the U.S. Department of Commerce, Editorial correspondence should be addressed to the Editor-in-Chief,
Survey of Current Business, Bureau of Economic Analysis, U.S.
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U.S. DEPARTMENT OF COMMERCE DISTRICT OFFICES
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OH, Cleveland 44114
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OR, Portland 97204
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VA, Richmond 2.5214)
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600 Arch St. 597-2866

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Rm. 706, Lake Union Bldg. 442-5616

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2120 Capitol Ave. 778-2220

the BUSINESS SITUATION
L/EAL GNP declined in the first
quarter of 1982 at a 4-percent annual
rate.1 A decline of a similar size had
occurred in the fourth quarter of
1981, and smaller changes that offset
each other had occurred in the third
and second quarters. This sequence
put real GNP in the first quarter of
1982 almost $33 billion—or about 2
percent—below its year-ago level.
Moreover, GNP was little changed
from its 3-year-ago level.
There are several ways of viewing
the yearlong economic weakness. One
way is to break out the widely recognized decline in motor vehicle output.
As shown in table 1, this decline accounted for about one-third of the $33
billion decline in real GNP. Another
way is to look at production as the
sum of final sales and the change in
business inventories. Changes in these
aggregates contributed about equally
to the GNP decline. Within final
sales, aside from a sharp decline in
motor vehicles: personal consumption
expenditures increased, but only moderately; nonresidential investment
was unchanged, with an increase in
structures offset by a decline in producers' durable equipment; residential investment and net exports plummeted; and government purchases increased slightly. In government, purchases by the Commodity Credit Corporation and defense purchases increased; other Federal purchases and
State and local purchases declined.
Protracted weakness in economic
activity has generally been associated
with some slowing in the rates of
price and wage increase. In what follows, recent developments in prices
1. "Real," or constant-dollar, estimates are in 1972
dollars. Quarterly estimates in the national income
and product accounts are expressed at seasonally adjusted annual rates, and quarterly changes in them
are differences between these rates.




and wage rates are examined in this
perspective, along with labor market
developments.
Prices.—GNP prices and prices of
final sales to domestic purchasers, as
measured by fixed-weighted price indexes, increased 5l/2 percent at an
annual rate in the first quarter (table
2). The prices of goods and services in
these two measures—those produced
by the United States, and those purchased in the United States—had increased in the range of IVz-QVz percent in the three prior quarters. The
deceleration was pervasive, but most
pronounced in the prices of personal
consumption expenditures (PCE).
PCE prices increased 5l/2 percent at
an annual rate, down from a range of
6V2-8 percent in the three prior quarters. Prices of PCE other than food
and energy increased 6l/2 percent,
compared with a range of 8-9 l/z percent. In the first quarter, increases
slowed for medical care, residential
rents, telephone charges, and, because
of rebates, motor vehicles. PCE
energy prices declined 1 1 /2 percent, re-

flecting changes in gasoline and fuel
oil. As in the three prior quarters, the
worldwide excess supply of oil weakened retail prices. PCE food prices increased 6 percent, somewhat more
than in the fourth quarter. A special
factor was higher prices of fruits and
vegetables due to crop damage caused
by severe weather.
Wage rates.—Increases in wage
rates have shown a marked deceleration during the past year. Throughout
1980 and early in 1981, the Index of
Hourly Earnings, which is adjusted
for changes in industry mix and overtime in manufacturing, had increased
in the range of 9-10 l/z percent at an
annual rate. By mid-1981 the increase
had slowed to 8-8 Vfc percent, and in
the fourth quarter to IVz percent; the
deceleration had been concentrated in
manufacturing and trade. In the first
quarter, the lower rate of increase in
the Index was maintained.
The course of wage rates will
depend upon the outcome of the
heavy collective bargaining schedule—about 3.7 million workers are

Table 1.—Recent GNP Patterns
[Billions of 1972 dollars, seasonally adjusted at annual rates]
Change from preceding quarter
1981: I

GNP

Motor vehicles..
Other .
Final sales
Motor vehicles
Other
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Net exports
Government purchases
Change in business inventories...
Motor vehicles
Other

1982 : I

Change: 1981 : I to
1982 : I

1981 : II

1981 : III

1981 : IV

1982 : I

1,516.4

-6.0

5.4

-17.4

-14.8

1,483.6

-32.8

Percent
-2.2

56.4
1,460.0

1.8
-7.8

-1.3
6.7

-9.0
-8.4

-2.3
-12.5

45.6
1,438.0

-10.8
-22.0

-19.1
-1.5

1,517.8

-18.2

1.3

-6.7

6.9

1,501.1

-16.7

-1.1

62.4
1,455.4

-10.9
-7.3

5.6
-4.3

-9.7
3.0

7.4
-.6

54.9
1,446.4

-7.5
-9.0

-12.0

912.7

3.4

4.8

-.2

4.2

924.9

144.1
51.0
56.2
291.4

.2
-3.2
-3.6
-4.0

.2
-5.1
-3.0
-1.3

2.0
-3.3
-2.7
7.2

-2.5
-1.1
-1.4
.4

144.0
38.3
45.5

-1.4

12.2

4.1

-10.7

-21.7

-17.5

-16.1

-6.0
4.6

12.8
-.6

-7.1
11.2

.8
-11.4

-9.7
-12.0

-9.2
-8.3

-3.2
-12.9

12.2
-12J
-10.7
2.3

1.3

-24.9
.8

SURVEY OF CURRENT BUSINESS
Table 2.—Fixed-Weighted Price Indexes: Change From Preceding Quarter
[Percent change at annual rates; based on index numbers (1972 = 100), seasonally adjusted]
1981
I

Gross national product

II

1982
IV

III

I

10 2

79

95

5g g

Equals' Final sales

103

79

95

86

56

Less* Exports
Plus: Imports

11 7
11 8

56
4

50
74

34
19

27
37

56

Less: Change in business inventories

10.3

7.3

8.0

7.9

57

Personal consumption expenditures
Food
Energy
Other personal consumption expenditures

10.9
64
302
80

6.5
5
83
82

82
86
3
97

7.2
43
69
83

53
62
14
63

Other1
Nonresidential structures
Producers' durable equipment
Residential
Government purchases

9.5
90
9.9
10 1
93

8.6
81
11.8
60
86

77
81
8.5
75
74

91
62
7.5
63
5
10 9

62
70
65
60
60

73
30.4

6
14.3

83
10.1

45
102

60
12

10.7
8.6
89

9.2
75
89

9.7
95
97

9.3
85
92

56
61
61

Equals: Final sales to domestic purchasers

Addendum: Food and energy components of GNP:2
Food components3
Energy components4
GNP less food components
GNP less energy components
GNP less food and energy components

1. Index number levels for the fourth quarter of 1980 through the first quarter of 1982 were: 203.1, 207.7, 212.0, 216.0, 220.8,
and 224.1.
2. Inasmuch as GNP is a sum of final products, the food and energy estimates in this table do not take into account the effect
on the prices of final products of changes in the prices of the food and energy that are costs of production.
3. Consists of all components for which separate estimates are prepared. The major component that is not included is
purchases of food by the Federal Government other than transactions by the Commodity Credit Corporation that are treated like
purchases.
4. Consists of all components for which separate estimates are prepared. The major components that are not included are (1)
exports of energy, (2) the gasoline and motor oil portions of inventories of gasoline service stations, and (3) the energy portions of
inventories of businesses that do not produce energy for sale.
5. The Federal pay raise accounted for 1.2 percentage points of the increase in the index for GNP and 5.4 percentage points of
the increase in the index for government purchases.
NOTE.—Index number levels are found in the National Income and Product Accounts Tables, tables 7.1-7.2.

covered by major agreements expiring
or reopening in 1982, compared with
2.6 million in 1981—and increases
under existing contracts negotiated in
earlier years. Under the existing contracts, about 4.3 million workers are
scheduled to receive deferred increases in 1982. These increases average 9 percent on contracts without
cost-of-living
adjustment
(COLA)
clauses and Sl/2 percent on those with
COLA clauses. (Fifty-six percent of
workers covered by major contracts

have cost-of-living protection.) The
recent slowdown in the Consumer
Price Index (CPI), which is the basis
for adjustment in most contracts,
should hold down COLA's this year.
The increase in the CPI from February 1980 to February 1981 was 11V*
percent; from February 1981 to February 1982 it ws ll/2 percent. Furthermore, some increases scheduled in
1982 under existing contracts may not
be realized. As in 1981, contracts in financially troubled industries may be

Table 3.—Wage Changes in Major Collective Bargaining Settlements
[Percent]
Quarterly average at annual rates,
1981

Annual average

1979
All industries:
Over life of contract
First year

. .

Manufacturing:
Over life of contract
First year

.

Nonmanufacturing:
Over life of contract
First year
Contract construction:
Over life of contract . . . .
First year
Source: Bureau of Labor Statistics.




•

. . .

1980

1981

II

I

HI

April

reopened and increases in wages reduced, deferred, or canceled.
Wage increases in major collective
bargaining settlements had trended
up in 1980 and through the second
quarter of 1981. In the fourth quarter,
the latest quarter for which data are
available, deceleration was substantial and pervasive (table 3).
Settlements in early 1982 by tedmsters and auto workers point to a continued moderation in wage demands
in return for increased job security.
Prompted by the slump in motor vehicle sales and the companies' associated financial troubles, contract negotiations were reopened early in the
year. In March/April, 6 months in advance of the scheduled renewal, the
United Auto Workers and the two
largest auto companies reached an
agreement. Under the agreement,
workers gave up two annual 3-percent
pay raises and the equivalent of 2
weeks paid time off a year, and deferred three COLA raises due in 1982;
in exchange, the companies agreed to
reduce layoffs and plant closings and
to experiment with lifetime job security programs.
Table 4 shows compensation per
hour, an alternative to the Hourly
Earning Index that is broader in that
compensation includes employer contributions to social insurance and to
private pension and welfare funds.
The sector of the economy covered by
this measure is the nonfarm business
economy other than housing. This
sector has registered declines in real
product beginning in the second quarter of 1981. Increases in compensation
Table 4.—Real Gross Product, Hours, and
Compensation in the Business Economy
Other Than Farm and Housing: Change
From Preceding Quarter
[Percent change at annual rates; based on seasonally adjusted
estimates]
19 81 '

IV

6.0
7.4

7.1
9.5

8.1
10.1

6.5
7.2

9.7
11.8

9.4
11.8

5.6
9.3

5.4
6.9

5.4
7.4

6.3
7.3

6.0
6.7

6.6
8.1

7.9
9.4

5.0
6.0

6.2
7.6

6.6
9.5

7.5
10.2

7.2
7.9

9.0
11.7

8.6
10.3

5.5
9.8

8.3
8.8

11.5
13.6

11.3
13.5

10.3
11.4

11.1
12.9

12.4
16.4

11.7
11.4

1982

I

II

III

IV

Real gross product ..
Hours
Compensation

8.2
31
15.5

-1.2
18
6.9

-1.4
10
9.9

-7.9
13
5.4

Real gross product
per hour
Compensation per
hour
Unit labor cost

50

6

-24

66

' - 2

120
6.7

88
8.1

88
11.5

68
14.4

'80
8.2

I

-3.1
29
4.9

1. Increases in employers' contributions for social security in
the first quarters of 1981 and 1982 accounted for 2.4 and 0.6
percentage points, respectively, of the increases in compensation per hour. An increase in the minimum wage in the first
quarter of 1981 accounted for 0.7 percentage points.

SURVEY OF CURRENT BUSINESS

April

Table 5.—Employment by Industry: Change From Preceding Quarter

CHART 1

[Seasonally adjusted]

Personal Saving Rate
1981:IV
Thousands

Goods-producing
Mining
Construction
Manufacturing
Durable goods
Primary metal products ....
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Other
Nondurable goods
Food and kindred products
Apparel and other textile products.
Printing and publishing
Chemicals and allied products
Other
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Total .

Thousands

Percent

538
22
-46
514
-405
-55
-64
22
-45
-115
104
-109
3
-26
7
5
-82
89
-28
-15
2
5
133
-7

. .

1982:1

21
1.9
11
-2.5
-3.3
48
-4.0
9
-2.1
-6.1
35
-1.3
2
20
.5
-.5
-2.9
.1
-.5
-.3
(J)
.1
.7
(M

-449

Percent

Percent

-628
-5
-102
-521
-372
59
-54
82
-35
57
-85
-148
4
-44
0
12
-88
52
-42
36
99
6
60
-35

-2.5
-.4
24
-2.6
-3.1
-5.4
-3.5
33
-1.7
-3.2
-3.0
-1.8
2
-3.5
0
-1.1
-3.2
.1
-.8
7
.6
.1
.3
-.2

-575

-.6

I

I ! t

77

1976

79

78

80

81

82

Note.—Personal saving as a percentage of disposable personal
income; based on seasonally adjusted annual rates.
U.S. Department of Commerce, Bureau of Economic Analysis

82-4-

1. Less than 0.05 percent in absolute value.
Source: Bureau of Labor Statistics.

per hour have slowed to 7-8 percent
at annual rates. However, because
productivity performance continued
to be poor, unit labor cost continued
to increase substantially.
Labor market conditions.—Labor
markets weakened further in the first
quarter. The household measure of
employment fell 489,000 and the payroll measure 575,000. The employment decline reduced the employment-population ratio (which is based

on the household survey) to 57.3 percent, its lowest level in almost 5
years.
Since the third quarter of 1981,
both the household and payroll measures of employment have declined
about one million. By industry, the
decline has been widespread and especially sharp in manufacturing; only a
few service-producing industries registered increased employment (table 5).
Moreover, the number of people who

worked less than full time for economic reasons—i.e., because of slack
work or because they could find only
part-time work—rose from 5.6 percent
of the "at-work" nonfarm 'population
in the fourth quarter to a record 6.0
percent in the first. Partly as a result
of the increase in part-time employment and a decline of 0.2 hour in
manufacturing overtime, average
weekly hours dropped from 35.0 in
the fourth quarter to 34.7 in the first.

Table 6.—Selected Measures of Unemployment
[Seasonally adjusted]

Unemployment rate (percent):
Industry:
Construction

•

Services
Retail trade1
Demographic group:
Adult men
Teenagers
Whites
Blacks and others
Occupation:
White-collar
Blue-collar
Total

•

Reason for unemployment (percent of total):
Job losers
Layoffs
• • •
Permanent separations
Job leavers
Reentrants
Total

.

p
Preliminary.
1. Not seasonally adjusted.
Source: Bureau of Labor Statistics.




• •

•
•

III

II

I

IV

1982

19 81

19 30

1979

IV

II

I

IV

III

I'

10.6
11.7
5.4
6.4
2.9

12.0
16.4
5.3
7.7
3.1

15.3
24.8
6.0
7.8
3.4

16.1
22.4
6.3
8.1
3.4

14.2
17.4
6.2
8.3
3.5

14.0
17.7
6.4
9.0
3.5

15.4
11.8
6.6
8.2
3.2

15.9
12.2
6.5
8.5
3.5

17.8
16.9
7.0
9.0
3.7

18.2
20.9
7.2
10.8
4.0

4.4
5.7
16.2
5.2
11.2

4.9
5.8
16.4
5.4
11.9

6.2
6.4
17.9
6.5
13.2

6.6
6.6
18.7
6.8
13.8

6.3
6.7
18.2
6.6
13.8

6.0
6.6
19.1
6.5
13.2

6.1
6.6
19.2
6.5
13.7

6.0
6.7
19.1
6.4
14.4

7.2
7.2
21.1
7.4
15.4

7.7
7.6
22.0
7.7
15.9

oo

7.5
6.0

3.4
8.2
6.3

3.8
10.5
7.3

3.8
11.1
7.7

3.9
10.6
7.4

3.9
10.1
7.4

4.0
9.8
7.4

4.0
9.7
7.4

4.3
11.8
8.4

4.5
12.6
8.8

10.6

10.7

11.2

12.4

13.4

14.1

13.8

14.0

13.2

13.8

45.0
15.4
29.6
13.5
13.0
28.5
100.0

47.4
16.9
30.5
12.6
12.5
27.6
100.0

52.4
21.6
30.7
12.0
10.8
24.9
100.0

54.2
21.9
32.4
10.9
11.1
23.7
100.0

53.2
19.0
34.2
11.0
11.2
24.6
100.0

50.4
16.5
33.9
11.5
12.4
25.8
100.0

50.5
16.5
34.1
11.6
12.1
25.7
100.0

51.3
16.3
34.9
11.3
11.9
25.5
100.0

54.1
20.1
34.0
10.3
11.0
24.7
100.0

56.1
19.1
37.1
9.4
11.2
23.2
100.0

SURVEY OF CURRENT BUSINESS
Bad weather during the survey week
in January also contributed to the
measured decline in average hours.
The unemployment rate averaged
8.8 percent in the first quarter, and in
March equaled the post-World War II
high of 9.0 percent set in May 1975
(chart 1). The rate had declined little
during the short, weak recovery from
the 1980 recession; during most of the
recovery, it hovered around 7.4 percent. Thus, when the rate rose sharply late in 1981, it quickly reached
record levels.
As is usual during a recession, the
differential between the unemployment rates for adult men and adult
women has narrowed and the differential between the unemployment
rates for "blacks and others" and
whites has widened. Since the third
quarter of 1981, the rate for men has
been as high as, or higher than, the
rate for women; since the second
quarter, the differential between the
rates for "blacks and others" and
whites has increased one percentage
point (table 6). Part of the explanation for the cyclical behavior of these
differentials lies in the industrial and
occupational distribution of employment by sex and race. Women are
heavily concentrated in service-producing industries, which are less cyclically sensitive than the manufacturing industries and blue-collar occupations in which men are disproportionately represented; "blacks and
others" are more concentrated in
manufacturing industries and bluecollar occupations, and less concentrated in service-producing industries,
than whites.
Job losers—as opposed to job leavers, new entrants,
and reentrants—
accounted for 51l/2 percent of unemployment in March, close to the
record 58 percent set in the 1973-75
recession. Again, the short, weak recovery from the 1980 recession set the
stage. During the recovery, job losers
never accounted for less than 50 percent of unemployment. Typically, the
job losers' share falls to about 40 percent during recoveries. Both categories of job losers—layoffs and permanent separations—rise during recessions. In the current recession, permanent separations are an unusually
large portion of total unemployment.
In March, they accounted for a record




April

slowing from the fourth quarter. In
addition, personal contributions for
social insurance, which are subtracted
in deriving the personal income1 total,
included, in the first quarter, $3 /2 bilIncome and Product in the
lion
due to an increase in the social
First Quarter
security tax rate from 6.65 to 6.70 perAs noted earlier, real GNP declined cent and an increase in the taxable
4 percent at an annual rate in the wage base from $29,700 to $32,400.
first quarter, following a 4V2-percent Transfer payments, in contrast, indecline in the fourth quarter of 1981 creased more than in the fourth quar(table 7).2 Although the two declines ter, reflecting a step-up in unemploywere similar in size, their composi- ment insurance benefits.
In wages and salaries, manufacturtions differed. The differences in composition are most readily seen in the ing registered another decline, aldollar changes shown in table 1. In
the first quarter, the decline in GNP Table 7.—Real GNP: Change From Preceding
Quarter
was more than accounted for by in[Percent change at annual rates; based on billions of 1972
ventories, where there was a swing to
dollars, seasonally adjusted at annual rates]
massive liquidation. In the fourth
1982
19 81
quarter, inventories had accounted
IV
I
III
for roughly two-thirds of the decline.
Final sales also had declined in the GNP .. .
-3.9
-4.5
14
fourth quarter, but they increased in Final sales .
3
-1.8
19
the first. Motor vehicles were the
Personal
consumption ex-2.2
3.9
3.3
penditures
major source of the contrasting con-19.0
14.6
Durables
86
tributions of inventories and of final
-34.9
46.0
28.3
Motor vehicles and parts ...
sales in the two quarters. The
Furniture and household
-5.8
-7.8
-1.9
equipment
"other," or nonvehicle, components of
-9.5
18.0
-26
Other durables
inventories and of final sales made
0
1.0
2.1
Nondurables
.2
.6
.4
Food
roughly similar contributions to the
-1.4
4.2
Energy
21.6
-2.8
8.9
.9
Clothing and shoes
decline in GNP in both quarters.
1.7
-6.6
.5
Other nondurables

38 Vz percent; during the two previous
recessions, in contrast, they had never
accounted for more than 33 percent.

l

Personal income and its disposition
Personal income registered an even
smaller increase than in the fourth
quarter—$26 billion, compared with
$45 billion (table 8). Wage and salary
disbursements
and
proprietors'
income largely accounted for the

Gross private domestic fixed
investment
Nonresidential
Structures
Producers' durable equipment
Autos,
trucks,
and
buses
Other
Residential

2. The first-quarter GNP estimates are based on the
following major source data: For personal consumption
expenditures (PCE), retail sales, and unit auto and
truck sales through March; for nonresidential fixed investment, the same information for autos and trucks
as for PCE, manufacturers' shipments of machinery
and equipment for January and February, January
and February construction put in place, and investment plans for the quarter; for residential investment,
January and February construction put in place, and
housing starts for January and February; for change
in business inventories, January and February book
values for manufacturing and trade, and unit auto inventories through March; for net exports of goods and
services, January and February merchandise trade,
and fragmentary information on investment income
for the quarter; for government purchases of goods and
services, Federal unified budget outlays for January
and February, State and local construction put in
place for January and February, State and local employment through March; and for GNP prices, the
Consumer Price Index for January and February, the
Producer Price Index through March, and unit values
for imports for January. Some of these source data are
subject to revision.

1.7
-1.7
.7

3.4
-6.7
5.3

44

-83

-27

6.9
84

-2.9
88

-.7
52

26
4.1
25

Services 2
Energy
Other services

63

-7 9

15

739
-3.8

-51 6
3.9

669
-7.8

-36.2

-27.5

-10.7

35
-18.0
-13.3
-19.1
180

-66
-5.0
402
-13.6
-99

93
-7.5
-4.2
-8.2
11 4

5.5
9.8
34 5
14.6
-30

4.5
20.1
26
22.4
-244

-7.8
-21.8
194
-22.1
32.6

Net exports of goods and services
Exports
Merchandise
Agricultural
Nonagricultural
Other
Imports
Merchandise
Petroleum
Nonpetroleum
Other
Government
purchases
goods and services

of

Federal
National defense
Nondefense
Commodity3 Credit Corporation
Other
State and local

15

102

5

31
7.9
54

28 1
16.6
547

60
0
183

-16.4

-7.8

-9.0

-4.2

0

-2.9

Change in business inventories...
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
3. Estimates, in billions of 1972 dollars, for the second
quarter of 1981 through the first quarter of 1982 were: -0.4,
0.7, 5.5, and 8.0.

April

SURVEY OF CURRENT BUSINESS

5
CHART 2

Unemployment Rate

6—

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

Note.—Business cycle peaks (P), and troughs (T), are turning points in economic activity, as designated by the National Bureau of Economic Research, Inc. Shaded areas represent recessions.
Data: BLS
U.S. Department of Commerce, Bureau of Economic Analysis

though a smaller one, as employment
and hours continued to fall. Wages
and salaries in other commodity-producing industries, services, and government and government enterprises
increased less than in the fourth
quarter. The increase in government
Table 8.—Personal Income and Its Disposition:
Change From Preceding Quarter
[Billions of dollars; based on seasonally adjusted annual rates]
19 31
III

Wage and salary disbursements
Manufacturing
Other commodity-producing
Distributive
Services
Government and government
enterprises

I

31.6

24.0

16.5

7.2
4.9
7.5
80

-2.9
3.7
4.2
103

_ 7
^9
40
83

40
2.9

Proprietors' income

1982
IV

88

-1.2

40

-6.9

3.0
1

-.2
9

Personal interest income

149

129

98

Transfer payments

18.0

4.7

7.2

58

43

Farm
Nonfarm

78

Other income
Less: Personal contributions for
social insurance
Personal income
Less: Personal tax and nontax
payments
Impact of legislation
Other
Equals:
Disposable
income
. .

19

16

-62
7

47

73.2

44.8

26.2

169
-.6
17.5

18
-15.9
143

7
-10.2
96

56.4

46.5

26.8

56.1

25.4

428

personal

Less: Personal outlays
Equals: Personal saving

.3

21.1

163

5

-16.0

Addenda: Special factors—
Cost-of-living increases in Federal transfer payments
Social security base and rate
changes (in personal contributions for social insurance) ...
Coal strike
Federal pay raise... . ...




4
3.4

26
62

3

wages and salaries, which had been
boosted in the fourth quarter by a $6
billion pay raise for Federal employees, returned to about the average of
recent quarters without a Federal pay
raise.
In proprietors' income, both the
farm and nonfarm components declined. Nonfarm proprietors' income
has trended down since the first quarter of 1981. Farm proprietors' income
dropped sharply—$6 billion—after
little change in the fourth quarter. In
contrast to last year's fluctuations,
which largely followed the course of
livestock and crop prices, the firstquarter decline was due to volume.
Disposable personal income decelerated by about the same amount as
personal income—from $46 Vk billion
in the fourth quarter to $27 billion in
the first. Real disposable personal
income was unchanged, the poorest
performance since the recession quarter of 1980. Personal outlays fell off in
the fourth quarter and picked up in
the first, largely reflecting swings in
motor vehicle purchases. As a result
of disparate movements in income
and outlays, personal saving rose in
the fourth quarter and fell in the
first, and the personal saving rate
jumped from 5.2 percent in the third
quarter to 6.1 percent in the fourth
and fell back to 5.3 percent in the
first (chart 2). One factor that helps to
explain the pattern of personal saving
is that cash rebates boosted new car
purchases in the third and first quarters at the expense of purchases in

the fourth. New car purchases, for
which timing is discretionary, tend to
be made from funds that otherwise
would have been saved. Another
factor may have been that saving was
temporarily increased in the fourth
quarter as households adjusted to the
tax cut that became effective on October 1.
Personal taxes declined in the first
quarter as they had in the fourth. In
the fourth quarter, a tax cut under
the Economic Recovery Tax Act of
1981 amounted to $16 billion. This cut
was almost all in withholdings. In the
first quarter, nonwithheld taxes and
refunds were reduced by rate reductions, depreciation write-offs for unincorporated businesses, and an oil royalty credit provided under this act,
and by an interest and dividend exclusion provided under the Crude Oil
Windfall Profit Tax Act of 1980. The
additional reductions in the first
quarter amounted to $10 billion. Increases in the tax base, and thus in
taxes, were held down by the weakness in wages and salaries.
Real PCE strengthened in the first
quarter, largely due to a turnaround
in PCE on motor vehicles and parts.
These expenditures had dropped $5V2
billion in the fourth quarter, and increased $5 billion in the first. (See the
"Business Situation" in the March
issue of the SURVEY OF CURRENT BUSINESS for a discussion of motor vehicles.) PCE excluding motor vehicles
also strengthened, registering a 2-percent (annual rate) increase after no

6
change in the fourth quarter. Most of
the strengthening was in services,
which had registered a below-trend
increase in the fourth quarter. Goods
other than motor vehicles remained
weak. Furniture and equipment declined again, and food again barely increased. In contrast, gasoline increased; its recent uptrend reflected
the weakness in gasoline prices.
Other PCE components registered irregular and partly offsetting changes.
Real investment
Nonresidential structures, after
having been the only major component countering the general downtrend in GNP, declined 5 percent
(annual rate) in the first quarter.
After increases in 1981, industrial
building and petroleum drilling
turned down. Only office building continued to move up.
In the first quarter, as in the third
and fourth of 1981, the motor vehicle
and the "other" components of producers' durable equipment (PDE)
moved in opposite directions. However, because changes in motor vehicles
were larger, the total followed their
course. PDE increased in the first
quarter (ll/2 percent at an annual
rate) after declining in the fourth (8
percent). "Other" PDE includes several large categories in which the quarterly changes are sharp—sometimes
offsetting each other, sometimes reinforcing. In the fourth quarter, when
"other" PDE increased, its aircraft
and computer categories both increased. In the first quarter, computers showed another large increase,
but it was more than offset by widespread declines, including one in aircraft.
Residential investment.—Residential investment declined lOVfe percent
(annual rate) in the first quarter after
having declined much more sharply
in the three preceding quarters. Both
multifamily and single-family construction contributed to this deceleration. The deceleration in single-family
construction, which was especially
sharp, reflects a turnaround in starts
late last year (chart 3). Single-family
starts averaged 586,000 (seasonally
adjusted annual rate) in the first
quarter, compared with 537,000 in the
fourth.




SURVEY OF CURRENT BUSINESS

April
CHART 3

Housing Starts
Millions of Units
2.5

2.0
Total

1.5

X"*«...-*......^ *\

f

Singie Family

1.0

01 i i I i 1 I i t I I i
1978

I I I I 1 I I I I I

I t
1979

1980

1981

1982

Seasonally Adjusted at Annual Rates

Data: Census
U.S. Department of Commerce, Bureau of Economic Analysis

An improvement in financial condi- quarter, as were seasonally adjusted
tions in the fourth quarter contribut- mortgage loan commitments outed to the stabilization of residential standing.
investment. On a seasonally adjusted
basis, mortgage loan commitments
Inventories.—Inventory liquidation
outstanding at savings and loan asso- was massive in the first quarter—
ciations (S&L's) increased, flow of $171/2 billion. The swing to liquidation
funds into S&L's improved, and the at this rate from accumulation at a
Federal Home Loan Bank Board's rate of $4 billion in the fourth quarter
series on mortgage commitment rates more than accounted for the firstdropped about 75 basis points.
quarter decline in GNP. The liquidaThe improvement infinancialcon-tion, as well as the swing, as concenditions slowed in the first quarter. In trated in durables, and within duraJanuary-February, seasonally adjust- bles, spread across manufacturing,
ed net new deposits (exclusive of in- wholesale trade, and retail trade. Interest credited) at S&L's were little ventories had contributed to the
changed from their fourth-quarter fourth-quarter decline in GNP when
average. Throughout the quarter, the their rate of accumulation was reBank Board's commitment rate series duced $10 ¥2 billion. As noted earlier
drifted up slightly, and, for most of by reference to table 1, which sepathe quarter, the prime rate was stuck rates inventory developments into
at 16 Vfc percent. On the other hand, motor vehicle and "other," motor vethe Federal Home Loan Mortgage hicle inventories were the source of
Corporation's mortgage commitment the difference in the size of the two
rate series, which frequently leads the inventory contributions to the GNP
Bank Board's series, dropped 61 basis declines. "Other" inventories accountpoints from mid-February to the end ed for $liy2-12 billion of the decline
of March. In addition, yields at Feder- in both quarters.
al National Mortgage Association aucAs a result of the liquidation and
tions—widely viewed as indicative of an increase in sales, inventory-sales
the future path of mortgage rates- ratios were brought down. The ratio
dropped 112 basis points from early of total business inventories to conFebruary to the end of March. And at stant-dollar business final sales reS&L's, seasonally adjusted net mort- treated to 3.24 from 3.31 in the fourth
gage loan repayments were higher in quarter, about halfway back to the
January-February than in the fourth first-quarter 1981 low.

April

Real net exports
Net exports declined $1% billion
following declines of $3-4 Mz billion in
the three prior quarters. In contrast
to the fourth quarter, the balance on
goods increased, and the balance on
services,
including
investment
income, declined.
In goods, exports declined more
than in the fourth quarter. Agricultural exports showed little change
after a fourth-quarter increase, as exports of corn and cotton fell off. In
nonagricultural exports, the decline
in the first quarter, as in earlier quarters, was concentrated in capital
goods, autos, and consumer goods. It
was not as large, however, as the earlier ones. Imports declined substantially, after five consecutive quarters
of increase. Petroleum imports declined, after having increased slightly
in the fourth quarter. They averaged
5.7 million barrels per day (seasonally
adjusted) in the first quarter. Nonpetroleum imports declined across-theboard, reflecting the delayed impact
of weakness in domestic economic activity.
In investment income, receipts declined a little more than in the fourth
quarter, largely reflecting a sharp
drop in direct investment income receipts. Payments registered a sharp
swing, from a fourth-quarter decline
of $3 billion to a first-quarter increase
of $2% billion. The swing was related
to the establishment of International
Banking Facilities. (For a discussion
of these Facilities, see "U.S. International Transactions, Fourth Quarter
and Year 1981," in the March 1982
SURVEY, p. 44.)

SURVEY OF CURRENT BUSINESS
Table 9.—Federal Government Receipts and
Expenditures, NIPA Basis: Change from Preceding Quarter
[Billions of dollars, based on seasonally adjusted annual rates]

1982

19 81
III

Receipts
Personal tax and nontax receiptsCorporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance

I

IV

17.3
13.3
1.6

11.1
-4.5
-8.1

n.a.
-3.2
n.a.

8

19

-9 1

33

33

75

sumes that the statistical discrepancy
in the national income and product
account was the same as in the preceding quarter. On the basis of this
calculation, the Federal deficit on a
national income and product account
basis was about $30 billion larger
than the $100 billion registered in the
fourth quarter.

Corporate Profits

In the fourth quarter of 1981, corporate profits from current production—
profits with inventory valuation and
capital consumption adjustments—de4.5
188
43
Transfer payments
Grants-in-aid to State and local
creased $18 billion to $177 Vfe billion,
-.8
-4 1
governments
-1.7
23
52
31
Net interest paid
following an increase of $5V2 billion
Subsidies less current surplus of
3
6
-5
government enterprises
in the third quarter. The fourth-quarLess: Wage accruals less dister estimate is $2 billion lower than
3
1
2
bursements
the one published a month ago. A
Surplus or deficit ( — ), nadownward revision in manufacturing
tional income and prod-44.3
n.a.
-8.5
uct accounts
profits more than offset an upward
revision in trade profits.
n.a. Not available.
The fourth-quarter level of profits
State and local purchases declined 3 was $5V2 billion lower than the level
percent after no change in the fourth of profits in the fourth quarter of
quarter. The major factor was a re- 1980. The decrease was the net result
sumption of a downtrend in struc- of alternating increases and decreases
tures.
in the four quarters of 1981. The flucNIPA Federal sector.—Changes in tuations were in the domestic profits
current-dollar Federal receipts and of nonfinancial corporations; domestic
expenditures are shown in table 9. All profits of financial corporations decategories of receipts except contribu- creased in each quarter of 1981, and
tions for social insurance were down. profits from the rest of the world deA $3 billion decline in personal taxes creased in all but one.
resulted from the Economic Recovery
Domestic nonfinancial corporate
Tax Act and the Crude Oil Windfall profits decreased $17 billion to $135
Profit Tax Act, and from weakness in billion in the fourth quarter of 1981;
wages and salaries. Indirect business this level was $6 ¥2 billion above that
taxes reflected the decline in windfall in the fourth quarter of 1980. Detail
profits tax receipts. Contributions for for nonfinancial corporations is availsocial insurance were up $7Vfc billion; able for profits with inventory valua$5 ¥2 billion was due to increases in tion adjustment but without capital
the social security tax rate and tax- consumption adjustment. Most of the
Government
able wage base.
quarterly fluctuations in these profits
The increase in expenditures was accounted for by the profits of
Real Federal Government purchases increased at a 6-percent slowed to $8 billion from $33 billion manufacturing corporations, but the
annual rate in the first quarter, much in the fourth quarter. Purchases de- four-quarter increase was more than
less than in the fourth. Both defense celerated sharply. In the fourth quar- accounted for by the profits of nonand, in nondefense, Commodity Credit ter, they had been boosted $6V2 bil- durable goods manufacturers excludCorporation (CCC) purchases contrib- lion by the pay raise for Federal em- ing petroleum manufacturers, and of
uted to the deceleration. The change ployees. The increase in CCC pur- utilities and trade corporations (table
in CCC inventories, as explained in chases slowed from $10V2 billion to 10). The increases in the profits of
the Special Note in the January 1982 $2*/2 billion. Defense purchases were nonpetroleum nondurables manufac"Business Situation," is treated as a up only slightly after a large increase turers occurred despite decreases in
their constant-dollar sales. Decreases
government purchase. The step-up in in the fourth quarter.
The first-quarter decline in corpo- occurred in the profits of most durathe rate of accumulation in the first
quarter, which was less than that in rate profits tax accruals can be ap- ble goods manufacturers and petrothe fourth, was concentrated in corn proximated by using a residual calcu- leum manufacturers, reflecting delation of corporate profits that as- creases in constant-dollar sales. The
and cotton.




Expenditures

Purchases of goods and services
National defense
Nondefense

25.9

6.9
59
9

33.2

7.9

26.9
156
11.3

2.4
18
.6

8
decrease in the profits of petroleum
manufacturers reflected, in addition,
decreases in the prices of refined petroleum products and of crude oil.
Crude oil prices can affect the profits
of petroleum manufacturers because
they produce a major share of domestic crude oil.
Domestic financial corporate profits
decreased $l/2 billion to $18 Vk billion
in the fourth quarter of 1981; this
level was $8V2 billion lower than that
in the fourth quarter of 1980. The
four-quarter decrease occurred despite
an increase in the profits of Federal
Reserve banks, which are treated as
part of corporate business in the national income and product accounts
(NIPA's). The increase in Federal Reserve banks' profits was primarily due
to increased average interest rates on
their holdings of Federal debt instruments. Other financial profits reflected a swing from modest profits for
savings and loan associations in the
fourth quarter of 1980 to increasingly
large losses during 1981. These losses
are traceable to three factors: (1) A
net decrease, excluding interest credited, in deposits; (2) a shift of deposits
from
low-interest-paying
regular
transactions accounts to high-interestpaying certificates of deposit; and (3)
a squeeze between average interest
rates paid and received. Nearly fourfifths of savings and loan associations'
assets are mortgages, on which the
average interest rate received rose
only moderately in 1981 despite very
high interest rates charged on new
mortgages issued.
Profits from the rest of the world
decreased $¥2 billion to $24 billion in
the fourth quarter of 1981; this level
was $3l/2 billion lower than that in
the fourth quarter of 1980. The fourquarter decrease resulted largely
from decreases in the profits of the
foreign petroleum operations of U.S.
corporations. In addition, rest-of-theworld profits reflected weak growth
or recessions in the economies of most
industrial nations.
Other profits
measures.—Profits
before tax decreased $21V2 billion to
$213 billion in the fourth quarter of
1981; this level was $36 V2 billion
lower than that in the fourth quarter
of 1980. These profits exclude the in-




SURVEY OF CURRENT BUSINESS

April

Table 10.—Corporate Profits With Inventory Valuation Adjustment and Without Capital
Consumption Adjustment
[Billions of dollars; seasonally adjusted at annual rates]
Change from preceding quarter

1981

1980: IV
I

Total
Domestic industries

Change:
1980: IV
to 1981:
IV

IV

III

II

1981: IV

201.0

16.7

-12.6

4.0

-18.7

190.4

-10.6

173.4

18.9

-10.0

2.3

-18.2

166.4

-7.0

30.5
12.0
18.5

-1.9
1.5
-3.4

-4.3
.8
-5.0

-1.6
.9
-2.6

-.3
0
-.3

22.4
15.2
7.2

-8.1
3.2
-11.3

Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products.
Machinery except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other
...

142.9
76.2
25.8
3.8
4.8
6.1
5.3
-.8
6.6

20.8
14.2
5.7
1.3
-.7
2.6
3.1
-.8
.2

-5.7
-6.0
.4
-1.3
.5
-.5
-2.2
4.3
— .5

3.9
.7
-5.9
-.1
.1
.4
.4
-4.9
-1.6

-17.9
-17.1
-7.3
-2.1
-2.3
.3
-1.2
.4
-2.5

144.0
68.0
18.7
1.6
2.4
8.9
5.4
-1.8
2.2

1.1
-8.2
-7.1
-2.2
-2.4
2.8
.1
-1.0
-4.4

Nondurable goods
...
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other

50.4
8.6
8.1
19.9
13.8

8.5
1.8
2.0
1.7
3.0

-6.4
-.9
-1.8
-2.0
-1.7

6.5
-.6
.2
6.8
.1

-9.7
.1
0
-9.4
-.4

49.3
9.0
8.5
17.0
14.8

-1.1
.4
.4
-2.9
1.0

Transportation and public utilities
Wholesale and retail trade
Other

18.8
22.6
25.2

2.0
4.9
-.1

-.8
.9
0

1.6
1.7
.1

2.5
-1.5
-1.9

24.1
28.6
23.3

5.3
6.0
-1.9

1.7

-.5

24.0

-3.7

Financial
Federal Reserve banks
Other

Rest of the world

27.7

-2.3

-2.6

ventory valuation adjustment (IVA) Table 11.—Impact of the Economic Recovery
Tax Act of 1981 on Corporate Profits and
and capital consumption adjustment
Related Measures
(CCAdj).3 Inventory profits—the IVA
[Billions of dollars; seasonally adjusted at annual rates]
with sign reversed—decreased $3 billion to $22 Ms billion, and profits at1981
item
tributable to underdepreciation—the
I
II
IV
III
CCAdj with sign reversed—decreased
-8.6
-6.4
-2.1
-4.3
profits before tax..
$V2 billion. These levels were $26 bil- Corporate
Plus: Inventory valuation
adjustment
lion and $5 billion, respectively, below
Capital
consumption
those in the fourth quarter of 1980.
8.6
21
4.3
6.4
adjustment
As shown in table 11, the Economic Equals: Corporate profits
from current production
Recovery Tax Act of 1981 increasingly
Corporate profits tax
reduced the CCAdj during 1981.
-4.7
-5.7
-6.6
-3.4
liability
-5.3
-6.1
-3.3
-4.5
Federal tax liability
Disposition of profits.—Corporate
State and local tax liabil_ 2
-.1
-.5
-.4
ity
profits taxes, which are levied on
profits including inventory profits and
NOTE.—For a discussion of the act, see the "Business Situaprofits attributable to underdeprecia- tion" in the August 1981 SURVEY OF CURRENT BUSINESS.
tion, decreased $9V2 billion to $69 billion in the fourth quarter of 1981; this
level was $16 Vk billion below that in
the fourth quarter of 1980. The lower share decreased from 34.1 percent in
taxes reflect the impact of the Eco- the fourth quarter of 1980 to 32.3 pernomic Recovery Tax Act of 1981, cent in the fourth quarter of 1981.
which increasingly reduced corporate
Dividends increased $1 billion to
profits before tax and corporate prof- $66 billion in the fourth quarter of
its tax liability during 1981. The 1981; this level was $8V2 billion
impact of the act is reflected in the higher than that in the fourth quarshare of profits going to taxes; this ter of 1980. Undistributed profits decreased $13 Vk billion to $78 billion;
this level was $281/2 billion below that
3. The IVA and CCAdj are defined in National
Income and Product Accounts of the United States, in the fourth quarter of 1980 and was
1929-1976: Statistical Tables, U.S. Department of
Commerce, Bureau of Economic Analysis (Washing- the lowest since the first quarter of
1977.
ton, B.C.: U.S. GPO, 1981).

SURVEY OF CURRENT BUSINESS

April

National Income and Product Accounts Tables
The tables that follow are presented in eight groups, and the table numbers reflect these groups. The same numbers are used in other
publications presenting national income and product account estimates. The groups are:
1. National product and income
2. Personal income and outlays
3. Government receipts and expenditures
4. Foreign transactions

5. Saving and investment
6. Product and income by industry
7. Implicit price deflators and price indexes
8. Supplementary table: Percent change from preceding period for
selected items

The abbreviations used in the tables are: CCAdj
IVA
NIPA's

Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
Revised

The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79 (Stock No. 003-010-72188-0,
price $3.75). Additional estimates for 1980 are in the July 1981 SURVEY. These publications are available from the Superintendent of Documents
and Commerce Department District Offices; see addresses inside front cover.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars
Seasonally adjusted at annual rates

1980

1981

1980
IV

Gross national product

1981
I

II

Seasonally adjusted at annual rates

1982
III

IV

Durable goods
Nondurable goods
Services ...
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories . .
Nonfarm
Farm .
Net exports of goods and services
Exports ..
Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local

1,672.8 1,857.8

1,751.0

1,810.1

1,829.1

1,883.9

1981

1,908.3 1,950.7

1981

1980

I»

2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,995.1

Persona) consumption expenditures

1980

IV

I

II

1,480.7

1,510.3

1,485.6

1,516.4

1,510.4

935.1

958.9

946.8

960.2

955.1

1982
III

IV

I"

1,515.8 1,498.4

1,483.6

962.8

957.5

966.8

140.3
368.8
453.7

133.1
368.8
455.6

137.7
369.7
459.4

211.9
675.7
785.2

232.0
743.2
882.6

223.3
703.5
824.2

238.3
726.0
845.8

227.3
735.3
866.5

236.2
751.3
896.4

226.4
760.3
921.5

236.8
766.1
947.8

135.8
358.4
440.9

139.4
367.3
452.2

139.1
360.4
447.3

146.8
364.5
448.9

137.4
367.0
450.7

395.3

450.5

397.7

437.1

458.6

463.0

443.3

392.6

203.6

214.8

200.5

211.6

219.7

221.5

206.3

183.1

401.2
296.0
108.8
187.1
105.3
100.3
2.0
3.0
59
-4.7
12

434.4
328.9
125.7
203.1
105.5
100.0
2.3
3.2
16.2
13.8
2.4

415.1
302.1
111.5
190.7
113.0
107.6
2.2
3.1
-17.4
-14.0
-3.4

432.7
315.9
117.2
198.7
116.7
111.4
2.2
3.2
4.5
6.8
-2.4

435.3
324.6
123.1
201.5
110.7
105.4
2.1
3.2
23.3
21.5
1.8

435.6
335.1
128.3
206.8
100.5
94.9
2.3
3.3
27.5
23.1
4.4

434.0
339.8
134.3
205.5
94.2
88.4
2.5
3.3
9.4
3.7
5.6

432.6
339.8
134.1
205.7
92.7
87.1
2.4
3.2
-40.0
-38.8
-1.2

206.6
158.4
48.4
110.0
48.1
45.2
.9
2.0
29
-2.4
5

207.6
162.4
51.0
111.4
45.2
42.2
1.0
2.0
7.1
5.9
1.2

207.6
157.0
47.8
109.3
50.6
47.5
1.0
2.0
72
-5.6
15

213.1
162.0
49.6
112.4
51.0
48.0
.9
2.1
-1.4
-.3
-1.1

208.9
161.1
50.4
110.7
47.8
44.8
.9
2.0
10.8
9.9
.9

206.5
163.9
51.5
112.4
42.7
39.7
1.0
2.0
14.9
12.8
2.2

201.1
162.7
52.6
110.1
39.4
36.4
1.0
2.0
4.2
1.3
2.9

200.7
162.4
51.9
110:5
38.3
35.4
1.0
1.9
175
-16.9
6

23.3

26.0

23.3

29.2

20.8

29.3

24.7

23.8

52.0

44.9

48.5

50.9

46.2

43.2

39.2

37.8

339.8
316.5

367.3
341.3

346.1
322.7

367.4
338.2

368.2
347.5

368.0
338.7

365.6
341.0

359.0
335.1

161.1
109.1

160.4
115.5

157.4
108.9

162.5
111.6

161.5
115.4

160.1
116.9

157.4
118.2

153.7
115.8

534.7

591.2

558.6

576.5

577.4

588.9

622.0

628.0

290.0

291.7

289.8

293.6

289.5

288.3

295.4

295.8

198.9
131.7
67.2
335.8

230.2
154.3
75.9
361.0

212.0
141.6
70.4
346.6

221.6
145.2
76.4
354.9

219.5
148.2
71.3
357.9

226.4
154.1
72.2
362.5

253.3
169.7
83.5
368.7

255.7
171.5
84.1
372.3

108.1
70.9
37.2
181.9

111.5
73.9
37.6
180.2

107.4
71.9
35.4
182.4

111.2
72.1
39.0
182.5

108.7
72.6
36.1
180.7

109.6
74.0
35.6
178.8

116.6
76.9
39.7
178.8

118.3
76.9
41.4
177.5

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Gross national product
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
Durable goods . .
. .
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories

2 626 1 2 925 5 2 730 6 2 853 0 2 885 8 2 965 0 2 998 3 2 995 1

1 480 7 1 5103 1 485 6 1 516 4 1 510 4 1 515 8 1 498 4 1 483 6

26320 29094 27480 28485 28625 29376 29890 3035 1
233
275
59
162
174
45
94
400

14836
29

1 5032 14927 1 5178 14996
71
10 8
72
14

1,247.5 1,257.0 1,298.3 1,286.4

1,261.7

6652

6849

6629

6889

6863

691 9

672 6

661 6

1 3017
40 0

668 1
29

6778
71

6701
72

690 3
14

675 5
108

677 0
14 9

668 4
42

679 1
17 5

4618
4993
375
799.9
8023
25

2794
281 3
19
3857
3868
11

2821
279 1
30
4028
3987
41

2818
281 5
'3
381 1
3886
75

289 3
2925
31
3996
3979
17

2886
279 7
89
3977
3958
19

287 0
279 2
78
4049
3978
71

263 5
2650
15
409 1
403 4
57

2538
270 6
168
4078
4086
7

707.9
117 4

701.7
121 0

7036
123 9

7047
119 4

7099
114 0

7134
112 5

7124
1096

1,130.4

4586
4626
40
671.9
6737
18

1,272.3 1,169.0

5069
4995
74
765.4
7566
87

4767
4760
7
692.2
710.3
18 1

5014
5055
-42
746.1
7375
86

5169
4983
185
740.1
7353
48

1,285.3 1,317.1 1,344.7
284.1
276.4
288.4

5252
5066
186
773.0
7642
89

4842
4875
33
802.2
7895
127

1,229.6 1,371.7
281.6
2660

1,390.5 1,434.4 1,459.3
2763
277 5
2741

695.7
119 8

Addenda:
Gross domestic purchases *
Final sales to domestic purchasers 1

26028 2,899.6 2,707.3 2,823 8 2,865.1 2,935 8 2,973 7 2,971 2
2,608.7 2,883.4 2,724.6 2,819.3 2,841.8 2,908.3 2,964.3 3,011.2

14287
14317

14654 1437 1 14655 14642 14726
1,458 3 14442 14669 14535 14577

1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.




1 494 2 1 501 1
42
175

1 1363 1 2561 1 1863 12431 12337 12708 12770
233
45
27 5
59
162
174
94

Services
Structures

371-676 0 - 8 2 - 2

15009
14 9

1 4592 1 4457
14550 14633

10

SURVEY OF CURRENT BUSINESS

April

Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1982

1981

1980

1981

1980

IV

II

I

IV

III

2,576.5
2,221.2
2,153.7
1,940.9
212.8
68.1
-.7
85.9
6.7
79.2
269.3
81.9
187.4
49.7

2,871.1
2,480.1
2,408.5
2,168.3
240.2
72.4
-.8
97.7
6.9
90.8
293.3
90.0
203.3
54.4

2,682.0
2,311.4
2,248.6
2,025.3
223.3
69.4
-6.6
90.4
6.9
83.5
280.3
87.1
193.3
48.6

2,835.5
2,449.2
2,383.7
2,147.3
236.4
72.4
-6.9
96.4
6.9
89.5
289.9
88.2
201.6
50.4

2,800.7
2,420.8
2,350.1
2,120.2
229.9
67.3
3.4
93.9
7.0
86.9
285.9
87.9
198.0
52.3

2,909.4
2,517.6
2,442.2
2,198.7
243.5
75.2
.2
98.4
6.9
91.5
293.5
88.5
205.0
55.6

1981

2,938.8
2,532.7
2,458.0
2,207.0
251.0
74.6
.2
102.0
6.9
95.1
304.0
95.3
208.7
59.6

2,943.8
2,529.5
2,458.6
2,200.9
257.7
70.7
.2
105.4
6.9
98.6
308.9
96.2
212.6
51.3

2,008.4 2,239.9 2,088.0 2,191.0 2,212.8 2,274.1 2,281.7 2,271.8

1981

1980
II

I

IV

I"

2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,995.1

Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
.
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing

1980

1,480.7

1,510.3 1,485.6 1,516.4

1,452.4
1,251.8
1,216.8
1,084.5
132.3
35.3
-.4
45.4
3.5
41.9
155.2
49.2
106.0
28.3

1,481.9
1,280.1
1,242.7
1,105.4
137.4
37.7
_ 4
47X)
3.3
43.7
154.9
49.0
105.9
28.3

1,488.4
1,286.4
1,250.9
1,115.4
135.5
33.6
1.8
46.7
3.4
43.2
155.3
49.0
106.4
28.0

1.458.9
1,257.5
1,227.9
1,093.7
134.2
33.2
-3.6
46.1
3.4
42.7
155.3
48.9
106.3
26.7

1982
III

IV

I"

1,510.4 1,515.8 1,498.4

1,483.6

1,487.1
1,285.7
1,246.2
1,108.2
137.9
39.4
.1
46.8
3.3
43.6
154.6
49.0
105.6
28.7

1,457.9
1,255.3
1,217.6
1,077.2
140.4
37.6
.1
48.1
3.2
45.0
154.3
49.1
105.3
25.7

1,483.8
1,281.8
1,248.9
1,112.1
136.8
36.5
-3.6
46.9
3.3
43.5
155.2
49.0
106.2
26.6

1,119.5 1,142.7 1,123.3 1,150.8 1,145.0

1,468.4
1,266.4
1,225.0
1,085.7
139.2
41.4
.1
47.5
3.2
44.3
154.5
49.0
105.4
30.0

1,147.8 1,127.2 1,114.9

Table 1.11.—National Income by Type of Income

Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income

Billions of dollars
Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1981

1980

1980
IV

Gross national product
Less:
Capital consumption allowances with CCAdj...
Capital consumption allowances
Less: CCAdj
Equals: Net national product
..
Less:
Indirect business tax and
nontax liability ....
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less:
Corporate profits with
IVA and CCAdj
Net interest
Contributions for social
insurance . .
Wage accruals less disbursements
Plus:
Government transfer payments to persons . .
Personal interest income....
Personal dividend incomeBusiness transfer payments
Equals: Personal income

II

I

1980

I"

IV

III

2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,995.1

287.3

321.7

298.9

306.5

316.7

326.5

336.9

343.8

224.1
-63.1

257.0
-64.7

233.7
-65.2

243.2
-63.3

251.9
-64.9

261.7
-64.8

271.1
-65.7

280.4
-63.4

2,338.9 2,603.9 2,431.7 2,546.4 2,569.1 2,638.5 2,661.5 2,651.3

212.3

251.1

228.0

245.5

249.4

254.0

255.4

250.7

10.5
-.7

11.6
-.8

10.9
-6.6

11.2
3.4

11.5
-6.9

11.8
.2

12.1
.2

12.4

4.6

5.2

5.4

4.7

5.7

5.1

5.4

4.8

2,121.4 2,347.2 2,204.8 2,291.1 2,320.9 2,377.6 2,399.1

182.7
179.8

191.7
215.4

183.3
193.3

203.0
200.8

190.3
211.0

195.7
220.2

177.6
229.7 ""237.9

203.7

238.9

212.3

233.7

236.3

240.6

245.0

253.5

0

0

0

0

.2

1

-.2

283.8
256.3
54.4

321.6
308.5
61.3

303.1
269.7
56.1

308.4
288.7
58.0

312.7
300.9
60.2

330.4
315.7
63.0

334.8
328.7
64.1

341.7
338.5
64.7

10.5

11.6

10.9

11.2

11.5

11.8

12.1

12.4

-.5

2,160.2 2,404.1 2,256.2 2,319.8 2,368.5 2,441.7 2,486.5 2,512.7

Table 1.8.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
[Billions of 1972 dollars]
Gross national product
Less: Capital consumption
allowances with CCAdj
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments less subsidies plus
current surplus of government enterprises
Statistical discrepancy
Equals: National income




153.4

149.5

151.2

152.4

154.2

155.8

157.4

1,333.2 1,356.9 1,336.1 1,365.2 1,358.0 1,361.6 1,342.7 1,326.2

1490
-.4

1539
— .4

151.9
-3.6

153.2
1.8

152.9
-3.6

1546
.1

1551
.1

1 1846 1,203 4 1,187.8 1,210.3 1,208.7 1,206 9 1,187.5

1555

1980
IV

National income
Compensation of employees

1981
I

II

1982
III

IV

I"

2,121.4 2,347.2 2,204.8 2,291.1 2,320.9 2,377.6 2,399.1
1,596.5 1,771.6 1,661.8 1,722.4 1,752.0 1,790.7 1,821.3 1,844.9

1,343.6 1,482.8 1,397.3 1,442.9 1,467.0 1,498.7 1,522.5 1,538.8
Wages and salaries
Government and gov263.3 267.1
270.5
274.7
283.2
273.9
ernment enterprises .... 253.6
287.1
Other
1,090.0 1,208.8 1,134.0 1,175.7 1,196.4 1,224.0 1,239.2 1,251.7
Supplements to wages
and salaries
Employer contributions for social insurance
Other labor income

252.9

288.8

264.5

279.5

285.1

292.0

298.8

306.1

115.8
137.1

134.7
154.1

121.0
143.5

131.5
148.0

133.2
151.8

135.6
156.3

138.4
160.4

142.3
163.8

130.6

134.8

134.0

132.1

134.1

137.1

135.9

129.0

23.4

22.4

22.5

18.9

21.7

24.7

24.4

18.2

30.3
-6.9

30.1
-7.7

29.6
-7.2

26.1
-7.2

29.3
-7.6

32.6
-7.9

32.6
-8.2

26.6
-8.4

107.2
112.7
-3.7
-1.9

112.4
116.1
-1.6
-2.1

111.6
117.5
-4.0
-2.0

113.2
117.4
-2.5
-1.7

112.5
115.7
-1.2
-2.0

112.4
115.9
-1.4
-2.2

111.5
115.4
-1.5
-2.4

110.8
113.1
-.4
-1.9

Rental income of persons
with CCAdj

31.8

33.6

32.4

32.7

33.3

33.9

34.5

34.8

Rental income of persons
CCAdj.
. ..

64.9
-33.1

70.0
-36.4

66.4
-33.9

68.2
-35.5

69.3
-35.9

70.5
-36.6

71.9
-37.4

73.1
-38.3

Corporate profits with IVA
and CCAdj

182.7

191.7

183.3

203.0

190.3

195.7

177.6

Proprietors' income with
IVA and CCAdj
Farm
Proprietors'
with IVA
CCAdj

income

Nonfarm
Proprietors' income
IVA
CCAdj

Corporate profits with
IVA
Profits before tax
Profits tax liability ..
Profits after tax ...
Dividends
Undistributed
profits
IVA

1,480.7 1,510.3 1,485.6 1,516.4 1,510.4 1,515.8 1,498.4 1,483.6

147.5

1981

1982

1981

CCAdj

199.8

205.6

201.0

217.7

205.1

209.1

190.4

245.5
82.3
163.2
56.0

233.3
77.7
155.5
63.1

249.5
85.2
164.3
57.7

257.0
87.7
169.2
59.6

229.0
76.4
152.7
62.0

234.4
78.1
156.3
64.8

212.8
68.8
144.0
66.0

107.2

92.4

106.6

109.6

90.6

91.5

78.0

-45.7

-27.7

-48.4

-39.2

-24.0

-25.3

-22.3

-17.8

-14.7

-14.7

-13.4

-12.8

66.8

-10.6

172

139

Net interest

179.8

215.4

193.3

200.8

211.0

220.2

229.7

237.9

Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends. .
Undistributed
profits
with IVA and CCAdj

100.3
56.0

113.9
63.1

98.1
57.7

115.3
59.6

114.0
62.0

117.6
64.8

108.9
66.0

66.8

44.3

50.8

40.4

55.7

52.0

52.8

42.9

-9.7

11

SURVEY OF CURRENT BUSINESS

April

Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonflnancial Corporate Business
in Current and Constant Dollars

1980

1981

Billions of dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1980
IV

Gross domestic product of corporate
business
Capital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies

1980

1982

1981
II

I

IV

III

197.7

183.2

187.5

201.1

194.6

1,441.1 1,616.9 1,504.8 1,587.3 1,602.5 1,639.5 1,638.5
159.3

191.4

172.5

190.2

187.2

194.0

189.8

194.3

1,281.8 1,425.5 1,332.4 1,400.1 1,412.2 1,445.5 1,444.1
Domestic income
Compensation of em1,103.1 1,226.7 1,147.8 1,193.3 1,214.0 1,242.5 1,256.9 1,270.1
ployees
917.9 1,016.0 954.6 989.1 1,006.0 1,029.4 1,039.5 1,047.8
Wages and salaries
Supplements
to
193.2 204.1 208.0 213.1 217.4 222.3
wages and salaries ... 185.2 210.7
Corporate profits with
167.5 155.6
167.6
171.1 153.7
177.6
IVA and CCAdj
151.5
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business
Gross
domestic
product of nonfinancial corporate business
Capital consumption allowances with CCAdj

214.4
82.3
132.0
37.4

209.1
77.7
131.4
47.0

221.8
85.2
136.6
39.5

231.5
87.7
143.8
43.7

206.2
76.4
129.9
45.5

209.8
78.1
131.8
49.1

188.8
68.8
120.0
49.8

53.0

94.6
457
-17.2
27.2

84.3
277
-13.9
31.3

97.1
-48.4
-17.8
29.0

100.1
-39.2
-14.7
29.3

84.3
-24.0
-14.7
30.7

82.7
-25.3
134
31.9

70.2
-22.3
-12.8
33.5

-10.6
97
40.1

81.3

81.8

83.3

84.7

80.8

80.3

Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest

186.6

173.0

177.1

183.7

Gross domestic product of nonfmancial
corporate business...
Capital consumption allowances with CCAdj

81.4

189.7

195.9

III

I"

IV

183.8
63.1
120.6
40.4

184.6
58.9
125.7
50.7

191.3
65.9
125.4
42.7

80.3
-45.7
-14.4
56.1

75.3
-27.7
-10.5
64.5

82.7
-48.4
-14.7
59.9

202.9
68.1
134.8
46.9

87.9
-39.2
-11.6
60.5

181.9
57.8
124.1
48.8

75.4
240
-11.4
63.4

187.2
59.5
127.6
52.5

166.4
50.2
116.2
53.4

56.4

75.2
253
-9.9
65.8

62.8
223
-9.1
68.3

106
-6.0
76.8

901.1

883.0

Billions of 1972 dollars

Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
. ..

1,535.2 1,732.9 1,604.7 1,690.1 1,716.3 1,760.3 1,764.8
165.9

II

I

1,369.3 1,546.3 1,431.7 1,513.1 1,532.6 1,570.6 1,569.0
Net domestic product
Indirect business tax and
nontax liability plus
business transfer pay181.7
186.0
152.5 183.3
165.1 179.2
182.1 185.7
ments less subsidies
1,216.9 1,363.1 1,266.6 1,333.9 1,350.5 1,384.9 1,383.0
Domestic income
Compensation of em1,037.2 1,152.2 1,078.5 1,121.3 1,140.6 1,167.2 1,179.7 1,191.4
ployees
864.2 955.6 898.2 930.7 946.5 968.3 977.0 984.3
Wages and salaries
Supplements
to
190.5 194.1 198.9 202.7 207.1
wages and salaries ... 172.9 196.6 180.4
Corporate profits with
123.6 146.4
128.2
152.1 146.5 152.0 134.9
IVA and CCAdj

211.7

207.7

1982

1981

1980
IV

1,616.5 1,814.7 1,688.0 1,774.8 1,797.1 1,840.6 1,846.2
175.4

1981

IP

199.6

867.2

896.6

876.9

901.0

901.2

88.1

91.8

89.4

90.4

91.2

92.3

93.2

779.0

804.8

787.5

810.6

810.0

808.8

789.8

95.4
683.6

97.3
707.5

97.2
690.3

97.5
713.1

96.7
713.3

97.7
711.1

97.4
692.4

94.1

98.0

Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1980

Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories
New
Used
. .
Addenda:
Domestic output of new autos2 *
Sales of imported new autos

. ..

1981

1980

1982

1981

IV

I

II

III

IV

I"

1980

1981

1982

1981

1980
IV

I

II

III

IV

IP

60.2

69.6

68.8

68.1

73.6

76.8

60.2

55.2

38.6

41.8

42.8

42.8

44.3

44.8

35.1

32.4

62.2
61.8
46.2
15.6
12.4
21.2
-8.8
-12.9
4.0
16.8
.8
-1.9
-1.3
-.6

69.2
68.0
49.6
18.4
14.3
24.3
-10.0
-13.9
3.9
17.8
.8
.4
.2
.2

65.5
66.1
48.8
17.3
12.5
22.4
-9.9
-13.9
3.9
17.8
.8
3.2
3.5
-.3

77.9
75.6
57.4
18.2
13.7
24.7
-11.0
-12.2
4.1
16.3
.8
-9.8
-10.8
1.0

62.7
63.3
44.3
19.0
12.9
22.3
-9.4
-14.2
4.0
18.2
.7
10.9
12.5
-1.6

75.2
70.2
51.6
18.6
17.2
28.8
116
-13.1
4.6
17.7
.9
1.6
-.7
2.3

61.1
62.9
45.0
17.9
13.4
21.4
-7.9
-15.9
2.9
18.8
.8
-.9
-.2
-.7

69.7
69.5
50.8
18.7
15.2
24.5
-9.3
-15.7
2.3
18.0
.8
-14.5
-14.6
.1

39.9
36.5
28.6
7.8
8.5
13.2
-4.7
-5.5
2.4
8.0
.5
-1.3
9
-.3

41.4
36.5
29.1
7.4
9.9
14.2
-4.3
-5.4
2.3
7.7
.5
.3
.2
.1

40.9
37.5
29.7
7.8
8.9
13.6
47
-6.0
2.4
8.3
.5
1.9
2.1
-.1

48.5
42.8
35.0
7.8
9.9
15.0
-5.0
-4.7
2.5
7.2
.5
-5.7
-6.2
.4

37.8
34.2
26.1
8.1
8.8
13.0
-4.3
-5.6
2.4
8.0
.4
6.6
7.3
-.7

44.1
37.0
29.7
7.3
11.6
16.5
-4.9
-5.0
2.6
7.7
.5
.7
2
1.0

35.4
32.3
25.8
6.5
9.1
12.2
-3.1
-6.4
1.6
8.1
.4
-.2
0
3

40.3
35.8
29.1
6.7
10.4
14.0
35
-6.4
1.3
7.6
.4
-7.9
-7.9
.0

48.8
21.7

54.7
24.7

55.4
23.2

52.2
26.3

59.1
23.5

61.6
24.4

45.8
24.8

38.9
27.7

30.2
13.5

32.0
14.5

33.7
14.1

31.8
16.0

34.8
13.8

35.4
14.0

26.2
14.2

22.3
15.9

Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Truck output l .
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories

257

270

277

27 0

28 5

254

273

28 3

13 8

13 1

14 3

13 6

13 9

12 1

12 8

13 2

27.8
79
176
11
31
41
33

27.2
81
170
16
33
49
38

26.8
75
168
10
33
43
35

27.6
78
169
7
36
43
36

281
82
174
11
34
45
37

27.4
86
175
25
32
57
38

25.8
79
163
22
31
53
39

31 1
106
186
22
29
50
41

149
49
91
g
16
23
17

132
48
77
10
15
25
17

137
45
82
7
16
23
17

139
47
80
6
17
23
17

137
48
80
g
15
24
17

130
49
78
14
14
28
17

120
45
71
13
13
26
17

146
61
80
13
12
25
17

-.2

9

6

1.5

28

12

1

5

3

2

10

7

1.3

-2.1

Table 1.14-1.15:
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.




4

-2.0

Table 1.16-1.17:
1. Includes new trucks only.

12

SURVEY OF CURRENT BUSINESS

April

Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Product in Current and Constant Dollars

Table 2.1.—Personal Income and Its Disposition
Billions of dollars

Billions of dollars

Seasonally adjusted at annual rates
1980

1981

IV

1982

1981

1980
I

III

II

Seasonally adjusted at annual rates

IV

1980

I"

1981

I

IV

Wage and salary disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government and government enterprises

1,343.7 1,482.7 1,397.8 1,442.9 1,467.0 1,498.5 1,522.5 1,539.0
465.4
350.7
328.9
295.7

512.7
387.3
361.1
335.0

484.0
364.9
340.6
310.0

501.3
377.4
351.9
322.5

508.1
386.7
357.8
330.5

520.2
393.9
365.3
338.5

521.0
391.0
369.5
348.7

521.2
390.3
373.5
357.0

287.3

253.6

273.9

263.3

267.1

270.5

274.5

Other labor income

137.1

154.1

143.5

148.0

151.8

156.3

160.4

163.8

Proprietors' income with
IVA and CCAdj

130.6

134.8

134.0

132.1

134.1

137.1

135.9

129.0

23.4
107.2

22.4
112.4

22.5
111.6

18.9
113.2

21.7
112.5

24.7
112.4

24.4
111.5

18.2
110.8

Rental income of persons
with CCAdj . .

31.8

33.6

32.4

32.7

33.3

33.9

34.5

34.8

Personal dividend income

54.4

61.3

56.1

58.0

60.2

63.0

64.1

64.7

Personal interest income

256.3

308.5

269.7

288.7

300.9

315.7

328.7

338.5

Transfer payments

294.2

333.2

313.9

319.6

324.2

342.2

347.0

354.1

153.8

180.4

165.3

169.8

172.0

188.5

191.2

194.5

18.3
16.3

Farm.. .
Nonfarm

Old-age, survivors, disability, and health insurance benefits
Government
unemployment insurance benefits
Veterans benefits
Government
employees
retirement benefits
Other transfer payments....
Aid to families with dependent children
Other
Less: Personal contributions for social insurance .
and

I"

IV

III

16.0
15.0

15.5
16.0

17.5
15.5

15.6
15.9

15.6
15.9

14.8
15.9

16.0
16.4

42.8
66.7

48.5
72.8

45.7
69.9

46.7
71.7

48.5
72.3

48.9
74.0

49.9
73.4

50.4
74.7

12.4
54.3

13.4
59.4

13.1
56.8

13.3
58.3

13.6
58.7

13.4
60.5

13.3
60.1

14.2
60.5
111.2

397.4

87.9

104.2

91.2

102.3

103.1

105.0

106.5

338.5

388.2

359.2

372.0

382.9

399.8

398.0

1,821.7 2,016.0 1,897.0 1,947.8 1,985.6 2,042.0 2,088.5 2,115.3
1,720.4 1,908.4 1,799.4 1,858.9

Addenda:
Disposable personal
income:
Total, billions of 1972
dollars
Per capita:
Current dollars
1972 dollars
Population (millions)
Personal saving as percentage of disposable
personal income

Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other

Housing
Household operation
Electricity and gas
Other
Transportation
Other

1,672.8 1,857.8 1,751.0 1,810.1 1,829.1 1,883.9 1,908.3 1,950.7
211.9

232.0

223.3

238.3

227.3

236.2

226.4

236.8

89.9

98.3

94.6

105.4

93.4

101.6

92.8

101.9

84.6
37.3

92.6
41.2

88.9
39.8

92.3
40.6

92.4
41.6

93.2
41.4

92.6
41.0

91.7
43.1

675.7

743.2

703.5

726.0

735.3

751.3

760.3

766.1

345.7
104.8
89.0
136.2
19.8
116.4

382.0
115.9
94.6
150.7
21.0
129.8

360.4
109.4
90.5
143.3
20.5
122.7

372.5
113.4
93.5
146.6
20.5
126.1

377.8
115.8
92.4
149.4
21.0
128.4

386.5
117.5
95.1
152.1
21.3
130.8

391.1
117.0
97.4
154.7
21.0
133.8

397.2
119.5
96.8
152.7
18.9
133.8

785.2

882.6

824.2

845.8

866.5

896.4

921.5

947.8

272.0
111.6
55.7
56.0
64.1
337.5

306.7
126.5
63.0
63.5
68.9
380.5

285.3
116.9
58.8
58.2
67.5
354.5

293.6
118.1
58.4
59.7
67.6
366.5

302.1
123.4
61.5
61.9
67.9
373.0

310.9
130.5
65.5
65.0
69.6
385.4

320.3
133.9
66.5
67.4
70.4
396.9

328.6
136.4
67.9
68.5
72.7
410.2

Billions of 1972 dollars

Less: Personal outlays

Equals: Personal saving

Motor vehicles and parts ...
Furniture and household
equipment
Other

Services

Equals: Disposable personal income

Personal consumption expenditures
Interest paid by consumers to business
Personal transfer payments to foreigners
(net)

Personal consumption expenditures
Durable goods

283.3




II

2,160.2 2,404.1 2,256.2 2,319.8 2,368.5 2,441.7 2,486.5 2,512.7

Personal income

Less: Personal tax
nontax payments

1982

1981

1980

1,879.0 1,935.1 1,960.5 2,003.3

1,672.8 1,857.8 1,751.0 1,810.1 1,829.1 1,883.9 1,908.3 1,950.7
46.4

49.5

46.8

47.8

48.9

50.3

1.2

1.0

1.6

1.0

1.0

1.0

1.0

1.0

106.9

128.0

112.1

101.3

107.6

97.6

88.9

106.6

51.2

51.5

Personal consumption expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other . . . .
Services . .
Housing
Household operation
Electricity and gas
Other
Transportation
Other

935.1

958.9

946.8

960.2

955.1

962.8

957.5

966.8

135.8

139.4

139.1

146.8

137.4

140.3

133.1

137.7

53.8

54.2

54.6

60.6

51.7

55.0

49.4

54.3

58.9
23.1

61.1
24.2

60.7
23.8

62.1
24.1

61.2
24.5

60.9
24.3

60.0
23.7

58.8
24.7

358.4

367.3

360.4

364.5

367.0

368.8

368.8

369.7

181.5
78.0
26.2
72.6
4.2
68.4

184.6
83.7
25.2
73.9
3.7
70.2

179.9
80.1
26.3
74.1
4.2
69.8

182.9
82.8
24.9
74.0
3.7
70.3

185.0
84.0
24.4
73.6
3.6
70.0

185.2
84.2
25.7
73.8
3.7
70.1

185.3
83.6
25.7
74.0
3.6
70.4

185.6
85.4
26.3
72.4
3.3
69.2

440.9

452.2

447.3

448.9

450.7

453.7

455.6

459.4

164.2
61.5
23.3
38.3
34.8
180.4

170.2
62.6
23.1
39.5
34.6
184.8

166.5
62.1
23.4
38.7
35.1
183.6

168.0
61.4
22.6
38.8
34.8
184.6

169.6
62.4
23.2
39.3
34.5
184.2

170.8
63.3
23.4
39.9
34.6
185.0

172.3
63.4
23.3
40.1
34.5
185.3

173.6
63.0
22.9
40.1
35.0
187.7

Table 3.14.—State and Local Government Social Insurance Funds
Receipts and Expenditures
[Billions of dollars]

1,018.4 1,040.4 1,025.8 1,033.3 1,036.8 1,043.6 1,047.9 1,048.4
8,002
4,473

8,770
4,526

8,299
4,488

8,504
4,511

8,651
4,517

8,873
4,535

9,051
4,541

9,147
4,534

227.7

229.9

228.6

229.1

229.5

230.1

230.7

231.2

5.6

5.3

5.1

4.6

5.4

5.2

6.1

5.3

Receipts
Contributions for social insurance
Personal contribution
Employer contributions
Government and government enterprises ....
Other
Interest and dividends received
Expenditures
Administrative
expenses
(purchases of goods and
services)
Transfer payments to persons
Surplus
(-)

or

45 1

52 1

47 8

49 6

51 5

53 0

54 5

cc n

315

364

33 7

34 8

359

36 9

38 0

39 0

7.7
23.8

8.9
27.6

8.4
25.3

8.6
26.3

8.8
27.1

8.9
28.0

9.1
28.8

9.3
29.7

21.0
2g

24.3
32

22.4
29

23.2
30

24.0
32

24.7
33

25.5

26.2

O A

O r

13 6

157

14 1

14 8

1^ 6

1c o

ic r

18.2

200

18 8

19 2

19 8

20 3

20 8

6

g

g

g

g

g

g

176

194

18 2

18 7

19 2

19 7

20 2

9ft 7

26 9

32 i

29 o

30 4

31 7

qo 7

qo 7

1A 7

deficit

91 9.

Table 3.14:
NOTE.—In this table, interest and dividends received are included in receipts; in tables 3.2 and
3.3, interest received and dividends received are netted against expenditures.

SURVEY OF CURRENT BUSINESS

April

Table 3.3.—State and Local Government Receipts and Expenditures

Table 3.2.—Federal Government Receipts and Expenditures

1980

1981

Billions of dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1980
IV

Receipts

540.8

Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures

626.0

573.2

1982

1981
I

617.4

1980

III

IV

621.0

638.3

627.2

III

IV

IP

417.2

403.4

411.7

413.6

419.6

423.7

80.7
44.9
27.9
7.9

91.9
51.9
31.4
8.7

86.3
49.1
29.0
8.2

88.6
50.4
29.8
8.4

89.7
50.3
30.7
8.6

93.3
52.6
31.8
8.8

96.1
54.0
33.0
9.0

12.2

11.7

12.6

13.1

11.6

11.7

10.4

171.6
82.9
67.5
21.2

189.9
92.7
72.6
24.6

179.0
87.5
68.9
22.6

184.9
91.2
70.3
23.3

186.9
90.9
71.9
24.1

192.3
94.2
73.1
25.0

195.5
94.4
75.0
26.0

199.9
95.8
77.0
27.1

39.0

296.2
289.0
7.0
.2

272.9
265.9
6.8
.2

283.3
276.8
6.4
.2

293.2
286.0
7.0
.2

306.4
299.1
7.1
.2

302.0
294.1
7.5
.3

70.2

66.0

72.6

74.6

64.8

66.4

58.3

Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other

98.6
55.0
34.3
9.2

40.6
29.1
7.2
4.4

61.2
47.5
8.6
5.1

49.1
36.1
7.3
5.6

60.6
47.8
7.7
5.0

62.6
49.6
8.1
4.9

61.8
47.6
9.0
5.2

59.9
45.1
9.4
5.4

50.8
36.2
8.8
5.8

172.2

202.5

178.6

198.9

200.4

203.7

207.0

214.5

Contributions for social insurance

31.5

36.4

33.7

34.8

35.9

36.9

38.0

602.0

688.4

641.1

664.0

668.2

694.0

727.2

735.1

Federal grants-in-aid

88.0

87.2

91.8

90.2

89.6

85.4

83.7

82.9

355.0

380.5

366.3

374.8

377.5

381.8

387.8

392.3

335.8

361.0

346.6

354.9

357.9

362.5

368.7

372.3

187.4
148.4

203.3
157.7

193.3
153.3

198.0
156.9

201.6
156.2

205.0
157.5

208.7
160.0

212.6
159.7

212.0
141.6
70.4

221.6
145.2
76.4

219.5
148.2
71.3

226.4
154.1
72.2

253.3
169.7
83.5

255.7
171.5
84.1

Transfer payments
To persons
To foreigners

249.8
244.9
4.9

284.5
279.4
5.2

269.0
262.6
6.4

271.9
267.3
4.7

274.8
270.7
4.1

293.6
287.8
5.8

297.9
291.7
6.2

302.4
297.0
5.4

88.0

87.2

91.8

90.2

89.6

85.4

83.7

82.9

53.3
67.5

73.1
91.2

55.2
70.8

67.7
84.4

70.4
88.0

75.6
94.3

78.7
98.1

81.0
102.2

55.0
12.5
14.2

74.4
16.7
18.1

56.7
14.1
15.6

68.6
15.8
16.7

71.0
17.0
17.6

77.2
17.1
18.7

81.0
17.1
19.4

84.6
17.6
21.2

12.0
10.7

13.4
12.8

13.1
11.6

12.6
11.9

13.9
12.2

13.3
12.7

13.6
14.5

13.1
14.1

-.6

.9

.2

-.1

Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprises-

-1.3

-.5

-1.4

-.7

-1.7

Less: Wage accruals less
disbursements

0

0

0

0

0

Social insurance funds
Other

II

384.0

257.8
251.0
6.6
.2

298.8
290.6
7.9
.4

1982

1981
I

Personal tax and nontax
receipts
Income taxes
Nontaxes
Other

Receipts

230.2
154.3
75.9

Surplus or deficit
(-), NIPA's

1980
IV

198.9
131.7
67.2

Net interest paid
....
Interest paid
To persons and business
To foreigners
Less: Interest received

1981

lp

II

Purchases of goods and
services
National defense
Nondefense

Grants-in-aid to State and
local governments . . . .

13

-61.2

-62.4

-67.9

-46.6

-47.2

-55.7

-100.0

-14.2
-47.0

-12.4
-50.0

-22.2
-45.8

-4.6
-42.0

-6.1
-41.1

-18.9
-36.8

-19.8
-80.2

Expenditures
Purchases of goods and
services
. .
..
Compensation of employees
Other
Transfer payments to persons

38.9

42.2

40.5

41.2

42.1

42.6

43.1

44.7

Net interest paid .
Interest paid
Less: Interest received

-10.8
17.6
28.4

-12.8
19.4
32.3

-11.4
18.0
29.5

-11.8
18.6
30.4

-12.4
19.2
31.6

13.2
19.7
32.9

-13.9
20.3
34.2

-14.4
21.0
35.4

Less: Dividends received

1.6

1.8

1.6

1.6

1.8

1.8

1.9

2.0

Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprises..

-7.4
.4

-8.2
.4

-7.7
.4

-7.9
.4

-8.2
.4

-8.2
.4

-8.3
.4

-8.3
.4

7.7

8.6

8.1

8.3

8.6

8.6

8.7

8.7

1.1

Less: Wage accruals less
disbursements

0

0

0

0

0

0

0

0

-.2

* Surplus or deficit
( - ), NIPA's

29.1

36.7

37.1

36.9

36.1

37.8

35.9

26.9
2.1

32.1
4.6

29.0
8.1

30.4
6.6

31.7
4.3

32.7
5.1

33.7
2.2

Social insurance funds
Other

34.7

-17.6

Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1980

1981

1980
IV

I

II

Seasonally adjusted at annual rates

1982

1981
III

IV

I"

1980

1981

1980
IV

1982

1981
I

II

III

IV

I"

534.7

591.2

558.6

576.5

577.4

588.9

622.0

628.0

290.0

291.7

289.8

293.6

289.5

288.3

295.4

295.8

Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees.
Military
Civilian
Other services
Structures

198.9
131.7
32.9
10.9
84.7
52.8
30.4
22.4
31.9
3.1

230.2
154.3
39.3
13.3
98.7
59.4
34.9
24.5
39.3
3.1

212.0

221.6

141.6
34.9
13.1
90.7
56.8
33.2
23.6
33.9
2.9

145.2
36.3
12.9
93.2
57.4
33.5
23.8
35.9
2.8

219.5

148.2
37.2
13.1
94.9
57.8
33.7
24.2
37.1
3.0

226.4
154.1
40.7
12.3
98.1
58.4
33.9
24.4
39.8
3.0

253.3
169.7
42.9
15.0
108.4
64.0
38.6
25.5
44.4
3.4

255.7
171.5
44.2
13.5
110.7
64.7
38.9
25.8
46.0
3.2

108.1
70.9
18.4
2.5
48.5
32.1
18.9
13.2
16.4
1.6

111.5
73.9
19.3
2.7
50.5
32.4
19.2
13.3
18.1
1.4

107.4
71.9
18.9
2.8
48.8
32.1
19.0
13.1
16.7
1.4

111.2
72.1
18.7
2.7
49.4
32.2
19.0
13.1
17.2
1.4

108.7
72.6
18.7
2.7
49.8
32.3
19.1
13.2
17.5
1.4

109.6
74.0
19.5
2.5
50.6
32.6
19.2
13.3
18.1
1.4

116.6
76.9
20.1
2.9
52.3
32.7
19.3
13.3
19.6
1.5

118.3
76.9
20.1
2.6
52.8
32.8
19.4
13.4
20.0
1.4

Nondefense
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures

67.2
1.5
4.1
55.1
29.1
25.9
6.6

75.9
1.8
10.5
56.3
30.6
25.7
7.3

70.4
1.6
5.3
57.0
30.3
26.7
6.5

76.4
2.0
9.2
57.6
30.6
27.0
7.7

71.3
1.8
5.4
57.0
30.4
26.5
7.2

72.2
1.6
8.6
55.0
30.1
24.9
7.1

83.5
1.7
18.8
55.7
31.3
24.4
7.4

84.1
1.7
19.4
55.9
31.5
24.4
7.1

37.2
.9
2.0
31.1
17.1
14.0
3.2

37.6
.9
4.2
29.2
16.6
12.6
3.3

35.4
.9
.8
30.7
16.8
13.9
3.0

39.0
1.0
4.0
30.5
16.8
13.6
3.5

36.1
1.0
2.1
29.8
16.7
13.1
3.2

35.6
.8
3.1
28.5
16.4
12.0
3.1

39.7
.8
7.7
28.0
16.4
11.6
3.2

41.4
.8
9.8
27.7
16.3
11.4
3.1

335.8
10.6
26.3
253.7
187.4
66.3
45.3

361.0
11.2
29.1
277.6
203.3
74.2
43.2

346.6
10.9
27.8
262.2
193.3
69.0
45.7

354.9
11.1
28.3
268.5
198.0
70.4
47.1

357.9
11.3
28.8
274.5
201.6
72.8
43.3

362.5
11.2
29.6
281.1
205.0
76.1
40.7

368.7
11.2
29.7
286.3
208.7
77.6
41.6

372.3
11.1
29.8
291.3
212.6
78.7
40.1

181.9
6.3
13.7
141.4
106.0
35.4
20.5

180.2
6.1
14.0
141.6
105.9
35.7
18.5

182.4
6.2
14.0
142.0
106.3
35.6
20.2

182.5
6.2
14.0
141.9
106.4
35.5
20.4

180.7
6.2
14.0
141.9
106.2
35.7
18.6

178.8
6.1
14.0
141.4
105.6
35.8
17.3

178.8
6.0
14.0
141.2
105.4
35.7
17.7

177.5
5.9
13.9
140.8
105.3
35.5
16.9

Government purchases of goods and services

State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
. . .
...




...

14

SURVEY OF CURRENT BUSINESS

April

Table 4.1-4.2—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1980

1981

1980
IV

Recei ts from forei ners
Kxports of goods and services . .
Merchandise
Durable goods
Nondurable goods

.
...

Services
Factor income *
Other

1982

1981
I

II

III

IV

I"

1980

1981

1980
IV

1981
I

II

1982
III

IV

I"

340.9

368.4

347.2

368.5

369.3

369.1

366.7

359.0

339.8
218.2
127.7
90.5

367.3
229.8
132.7
97.0

346.1
221.0
127.5
93.6

367.4
236.3
132.5
103.9

368.2
234.2
139.4
94.8

368.0
225.1
132.6
92.5

365.6
223.4
126.4
96.9

359.0
219.5
122.6
96.9

161.1
92.2
55.6
36.6

160.4
89.0
51.1
37.8

157.4
89.0
52.5
36.4

162.5
92.4
52.9
39.5

161.5
91.0
54.3
36.7

160.1
86.6
50.2
36.4

157.4
85.8
47.2
38.6

153.7
84.2
45.5
38.6

121.6
79.5
42.1

137.6
91.7
45.8

125.0
80.7
44.3

131.1
87.1
43.9

134.0
88.7
45.4

142.9
95.9
47.0

142.3
95.2
47.1

139.5
92.2
47.3

68.9
45.4
23.5

71.4
47.8
23.7

68.4
44.4
24.1

70.1
46.7
23.4

70.5
46.9
23.7

73.5
49.5
24.0

71.6
48.0
23.6

69.5
46.1
23.4

1.1

1.1

1.1

1.1

1.1

1.1

1.1

Payments to foreigners

340.9

368.4

347.2

368.5

369.3

369.1

366.7

359.0

Imports of goods and services
Merchandise . .
Durable goods
Nondurable goods

316.5
245.9
112.1
133.8

341.3
260.3
123.8
136.5

322.7
248.8
116.0
132.9

338.2
259.1
116.4
142.7

347.5
265.3
123.3
142.0

338.7
255.8
125.7
130.1

341.0
261.2
129.9
131.2

335.1
249.2
125.9
123.3

109.1
74.0
47.6
26.4

115.5
78.4
51.1
27.3

108.9
73.4
47.5
25.8

111.6
74.5
47.7
26.8

115.4
77.3
50.6
26.7

116.9
79.1
52.0
27.1

118.2
83.0
54.3
28.7

115.8
78.0
51.9
26.1

70.6
29.9
40.7

81.0
37.3
43.7

73.9
32.2
41.7

79.1
34.9
44.2

82.2
38.3
43.8

82.9
40.3
42.6

79.8
35.7
44.1

86.0
40.9
45.1

35.1
17.0
18.1

37.1
19.4
17.6

35.5
17.7
17.8

37.1
18.7
18.4

38.1
20.3
17.8

37.8
20.8
17.0

35.2
18.0
17.3

37.8
20.5
17.4

6.0
1.2
4.9

6.2
1.0
5.2

8.0
1.6
6.4

5.7
1.0
4.7

5.1
1.0
4.1

6.8
1.0
5.8

7.2
1.0
6.2

6.4
1.0
5.4

12.5

16.7

14.1

15.8

17.0

17.1

17.1

17.6

5.9

4.2

2.3

8.8

-.2

6.5

1.5

-.2

Capital grants received by the United States (net)

Services
Factor income 1
Other
Transfer payments (net)
From persons (net)
From government (net)

..

Interest paid by government to foreigners
Net foreign investment

0

Table 4-1-4-2:
1. Equals rest-of-the-world production as shown in tables 1.5-1.6.

Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1980

1981

IV

1982

1981

1980
II

I

III

IV

IP

1980

1981

1980
IV

1981
I

II

1982
III

IV

I"

218.2

229.8

221.0

236.3

234.2

225.1

223.4

219.5

92.2

89.0

89.0

92.4

91.0

86.6

85.8

Foods, feeds, and beverages

35.9

38.8

38.8

44.9

38.8

35.8

35.9

36.5

15.3

15.7

15.2

17.1

15.1

15.0

15.7

16.0

Industrial supplies and materials.
Durable goods
Nondurable goods

67.1
24.3
42.8

64.9
20.6
44.3

65.2
22.2
43.0

67.6
22.1
45.5

62.9
21.5
41.4

62.4
19.2
43.2

66.6
19.5
47.1

66.2
19.0
47.2

23.7
8.6
15.1

22.1
7.0
15.1

23.0
7.8
15.2

23.1
7.6
15.5

21.4
7.3
14.1

21.2
6.5
14.7

22.8
6.7
16.1

22.6
6.5
16.1

Capital goods, except autos

73.5

80.1

75.5

79.1

83.4

80.2

77.7

76.9

34.7

32.3

33.1

33.3

34.1

31.6

30.0

29.6

Autos

16.9

18.9

18.1

18.5

20.8

20.2

16.3

15.0

6.8

6.6

6.8

6.8

7.3

6.9

5.4

4.9

Consumer goods
Durable goods
Nondurable goods

16.5
8.8
7.7

16.0
7.6
8.4

16.1
8.0
8.1

16.6
7.9
8.6

16.4
7.8
8.6

15.8
7.7
8.2

15.1
7.0
8.1

14.9
6.7
8.2

8.3
3.8
4.5

7.9
3.1
4.8

7.9
3.4
4.6

8.3
3.3
5.0

8.3
3.2
5.1

7.8
3.1
4.7

7.4
2.8
4.6

7.3
2.7
4.6

Other
Durable goods
Nondurable goods

8.3
4.2
4.2

11.1
5.5
5.5

7.3
3.7
3.7

9.7
4.8
4.8

12.0
6.0
6.0

10.7
5.4
5.3

11.9
6.0
6.0

10.0
5.0
5.0

3.5
1.8
1.8

4.3
2.1
2.1

3.0
1.5
1.5

3.8
1.9
1.9

4.7
2.3
2.3

4.1
2.1
2.1

4.6
2.3
2.3

3.8
1.9
1.9

78.0

Merchandise exports . . .

84.2

Merchandise Imports

245.9

260.3

248.8

259.1

265.3

255.8

261.2

249.2

74.0

78.4

73.4

74.5

77.3

79.1

83.0

Foods, feeds, and beverages

18.2

18.8

19.5

20.5

18.7

18.1

18.0

15.6

6.7

7.3

7.0

7.4

7.0

7.1

7.6

6.5

Industrial supplies and materials, excluding petroleum
Durable goods
Nondurable goods
...
. . . .

52.1
31.2
20.9

56.7
33.8
22.9

51.6
31.2
20.4

55.4
32.1
23.3

57.4
35.3
22.0

57.7
34.7
23.0

56.3
33.1
23.3

54.5
32.3
22.2

17.3
10.2
7.1

19.0
11.3
7.7

16.9
10.0
6.9

18.4
10.6
7.8

19.1
11.7
7.4

19.4
11.6
7.8

19.2
11.3
7.9

18.3
10.8
7.5

Petroleum and products

79.1

77.2

76.8

82.8

84.3

71.3

70.5

67.2

6.9

5.9

6.2

6.3

6.2

5.6

5.7

5.4

Capital goods except autos

30.1

33.8

31.2

32.0

32.1

34.6

36.7

35.3

14.7

17.1

14.8

15.3

16.1

17.7

19.2

18.2

Autos

27.1

30.0

28.9

27.0

30.6

30.6

31.7

31.1

10.9

10.4

10.8

9.8

10.8

10.6

10.4

10.2

34.4
21.2
13.1

38.4
23.5
14.8

34.8
21.7
13.1

37.1
23.2
13.9

36.9
22.6
14.3

38.3
23.3
15.1

41.2
25.1
16.1

39.7
24.3
15.4

15.5
10.9
4.7

16.6
11.3
5.3

15.2
10.7
4.5

15.7
11.2
4.4

16.0
11.0
5.0

16.6
11.0
5.5

18.1
12.0
6.2

17.2
11.6
5.6

4.9
2.5
2.5

5.4
2.7
2.7

6.0
3.0
3.0

4.3
2.1
2.1

5.3
2.6
2.6

5.2
2.6
2.6

6.7
3.4
3.4

5.8
2.9
2.9

2.0
1.0
1.0

2.1
1.1
1.1

2.4
1.2
1.2

1.7
.8
.8

2.1
1.0
1.0

2.1
1.0
1.0

2.7
1.4
1.4

2.3
1.2
1.2

42.3
175.9
166.8

44.9
184.8
183.1

44.8
176.2
172.0

51.5
184.8
176.3

44.9
189.3
181.0

40.7
184.4
184.5

42.7
180.6
190.7

42.3
177.2
182.0

18.0
74.1
67.1

18.2
70.7
72.5

17.7
71.3
67.1

19.7
72.7
68.2

17.6
73.4
71.0

17.0
69.6
73.5

18.6
67.2
77.3

18.4
65.7
72.6

Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

...

. . . .

Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum products




SURVEY OF CURRENT BUSINESS

April

Table 5.1.—Gross Saving and Investment

15

Table 5.10-5.11.—Inventories and Final Sales of Business in Current
and Constant Dollars

Billions of dollars
Billions of dollars

Seasonally adjusted at annual rates
1980

1981

1980

1981

I

IV

Seasonally adjusted quarterly totals

1982

II

III

IV

IV
Gross saving
Gross private saving
Personal saving
Undistributed corporate profits
with IVA and CCAdj
Undistributed profits
IVA
CCAdj..

401.9

455.5

406.7

442.6

465.3

469.4

444.7

432.9
101.3

480.1
107.6

436.4
97.6

451.1
88.9

475.3
106.6

486.2
106.9

507.7
128.0

44.3
40.4
50.8
55.7
52.0
52.8
42.9
107.2
92.4 106.6 109.6
90.6
91.5
78.0
-45.7 -27.7 -48.4 -39.2
24 0 -25.3 -22.3
-17.2 -13.9
178 -14.7 -14.7 -13.4 -12.8

Capital consumption allowances
with CCAdjCorporate
175.4
Noncorporate
111.8
0
Wage accruals less disbursements ...
Government surplus or
deficit (-), NIPA's
Federal
State and local
Capital grants received
United States (net)

197.7
123.9
0

183.2
115.8
-.5

187.5
119.0
0

194.6
122.1
0

201.1
125.4
0

207.7
129.1
0

Gross investment

1.1

1.1

1.1

1.1

1.1

834.4
84.9
749.5
427.7
321.8

820.9
83.4
737.5
418.6
318.8

-9.7

Manufacturing
Durable goods
Nondurable goods

344.2
222.5
121.8

355.2
226.9
128.2

363.2
231.8
131.3

369.7
239.9
129.8

372.0
242.2
129.8

368.4
239.7
128.7

211.7
132.1
0

Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

151.7
92.6
59.1
120.7
77.2
43.5
31.0
15.4
15.6

155.7
94.3
61.4
121.8
78.2
43.5
33.9
16.1
17.8

158.8
97.6
61.2
125.3
81.2
44.1
33.5
16.4
17.1

160.6
100.7
60.0
128.0
83.7
44.2
32.6
16.9
15.7

164.3
103.0
61.4
131.3
86.1
45.2
33.1
16.9
16.2

161.4
101.0
60.3
129.0
84.3
44.7
32.3
16.7
15.6

Retail trade
Durable goods
Nondurable goods
Other

130.3
60.8
69.5
66.5

129.8
58.7
71.1
69.4

132.6
61.2
71.4
70.0

139.2
64.0
,75.2
71.0

140.3
64.1
76.2
72.9

135.0
59.7
75.4
72.7

194.1
121.9

201.4
127.6

202.2
126.5

207.5
128.9

210.3
129.5

214.1
131.3

4.05
3.57

3.96
3.53

4.01
3.58

3.98
3.57

3.97
3.56

3.83
3.44

5.68

5.56

5.73

5.74

5.79

5.62

106

1.1

0

400.1

446.0

458.3

469.6

444.8

392.4

450.5
4.2

397.7
2.3

437.1
8.8

458.6
-.2

463.0
6.5

443.3
1.5

392.6
-.2

7

g

.2

.2

p

y

Table 5.8-5.9.—Change in Business Inventories by Industry in Current
and Constant Dollars

Seasonally adjusted at annual rates

1981

1980
IV

Change in business inventories
Farm
Nonfarm
Change
in book value
IVA1
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods

5.9

16.2 -17.4

1981

1982

I

II

III

4.5

23.3

27.5

IV

IP

9.4 -40.0

12
2.4 -3.4
24
1.8
4.4
5.6 -1.2
-4.7
13.8 -14.0
6.8 21.5 23.1
3.7 -38.8
49.3 45.4 42.4 52.7 47.8 51.7 29.5 -27.3
-54.0 -31.6 -56.4 -45.9 -26.3 -28.6 -25.8 -11.5

-2.1
-.5
-1.6
1.0
.8
.2
1.5
1.1
.4
-.5
-.3
-.2
-4.4
-4.4
0
.8
.1
.8

5.2
3.6
1.6
4.8
3.8
1.0
5.2
3.7
1.5
-.4
.2
-.5
3.3
0
3.2
.5
-.1
.5

-9.7
-1.6
-8.1
.6
2.0
-1.4
.7
2.5
-1.8
I
-.5
.4
-4.5
.5
-4.9
4
-.2
2

15.0
6.2
8.9
.4
-.9
1.3
-3.8
10
-2.7
4.2
.2
4.0
-9.4
-9.3
-.1
.8
-.1
.9

2.0
.6
1.4
7.5
6.3
1.2
9.7
6.4
3.3
22
-.1
-2.1
14.4
11.7
2.7
-2.4
-.1
23

10.8
12.1
-1.3
.6
5.4
48
4.6
4.0
.6
40
1.4
54
10.0
1.2
8.8
1.7
-.1
1.7

-6.9 -10.3
44
122
1.9
-2.5
10.7 -9.5
4.6 -8.7
8
6.2
10.3 -8.3
5.4
77
4.9
-.6
.4
13
-.8 -1.0
-.2
1.3
-1.8 -19.6
34 -16.6
1.6 -3.1
1.7
.7
j
-.1
.7
L8

Billions of 1972 dollars
Change in business inventories
Farm
Nonfarm
Change
in book value
IVA1
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other .
Durable goods
Nondurable goods




Final sales 2
Final sales of goods and structures
Ratio* Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures

Billions of 1972 dollars
Inventories 1

Billions of dollars

1980

2.9

7.1

-7.2

14.9

1.2
5.9

15
-5.6

-1.4
Ii
-.3

10.8

-.5
24

.9
9.9

2.2
12.8

10
-.1
-.9
.5
.5
0
.6
.6
.1
-.2
1
0
-2.2
-2.2
.1
.3
0
.2

2.1
1.5
.6
2.2
1.6
.7
2.2
1.5
.7
0
.1
0
1.5
0
1.5
.1
0
.1

-3.6
-.7
28
0
.7
-.8
.3
1.0
-.7
-.3
-.3
1
-1.9
.4
-2.3
-.2
-.1
-.1

4.6
2.5
2.1
-1.0
_9
1
16
-1.0
-.7
.7
.1
.6
-4.3
-4.7
.5
.4
0
.4

.9
.4
.5
3.0
2.8
.2
3.2
2.8
.4
-.3
0
2
6.9
5.8
1.1
-.9
0
-.9

5.4
5.2
.2
2.7
2.3
.4
2.7
1.7
1.0
0
.6
6
4.5
.4
4.1
.2
0
.2

4.2 -17.5
5
2.9
1.3 -16.9

-2.4
20
4
4.3
2.1
2.2
4.6
2.5
2.1
-.2
-.4
.1
-1.1
-1.6
.4
.6
0
.6

IP

825.6
85.1
740.5
422.7
317.8

454.7

-6.9

IV

811.3
86.7
724.6
408.8
315.8

401.2

3.4

III

796.9
86.9
710.0
397.8
312.2

Gross private domestic investment.. 395.3
Net foreign investment
5.9

-6.6

II

785.4
92.6
692.8
393.7
299.1

the
1.1

I

Inventories l .
Farm
Nonfarm
Durable goods
Nondurable goods

"112.0

-32.1 -25.7 -30.8
-9.7 -11.2 -17.9 -64.1
-61.2 -62.4 -67.9 -46.6 -47.2 -55.7 -10QO
29.1
36.7
37.1
36.9
36.1
35.9
37.8

by

1982

1981

1980

1"

-4.8
52
.4
-3.6
-3.9
.2
-3.2
34
.3
-.5
-.4
0
-8.6
-7.7
9
.1
0
.2

340.6

340.2

342.9

346.6

347.7

343.3

43.0
297.6
179.9
117.6

42.7
297.5
179.2
118.3

42.9
300.0
181.4
118.6

43.5
303.2
183.3
119.8

44.2
303.5
183.0
120.5

44.0
299.3
178.8
120.5

145.0
98.9
46.1

146.1
99.5
46.6

146.3
99.6
46.8

147.7
100.9
46.8

147.1
100.4
46.7

145.9
99.1
46.8

Wholesale trade
.
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
..
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

64.7
42.7
22.0
53.4
35.5
17.9
11.2
7.1
4.1

64.4
42.4
22.0
53.0
35.3
17.7
11.4
7.1
4.3

65.2
43.1
22.0
53.8
36.0
17.8
11.3
7.1
4.2

65.8
43.7
22.1
54.5
36.4
18.1
11.4
7.3
4.1

66.9
44.2
22.7
55.6
37.0
18.6
11.3
7.2
4.1

66.0
43.2
22.8
54.8
36.2
18.7
11.2
7.1
4.1

Retail trade
Durable goods
Nondurable goods
Other

64.6
30.3
34.2
23.4

63.5
29.2
34.4
23.4

65.2
30.6
34.6
23.2

66.4
30.7
35.7
23.3

66.1
30.3
35.8
23.4

63.9
28.4
35.5
23.5

105.4
65.9

107.3
67.9

105.9
66.2

105.9
65.9

105.2
65.1

106.1
65.7

3.23
2.82

3.17
2.77

3.24
2.83

3.27
2.86

3.31
2.89

3.24
2.82

4.51

4.38

4.53

4.60

4.66

4.55

Farm
Nonfarm
Durable goods
Nondurable goods

.

Manufacturing
Durable goods
Nondurable goods

Final sales 2
Final sales of goods and structures
Ratio' Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures

Table 5.10-5.11:
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP. The former is the difference between two inventory
stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter
changes calculated from the constant-dollar inventories shown in this table are at quarterly
rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of
households and institutions, government, and rest-of-the-world and includes a small amount of
final sales by farms.

Table 5.8-5.9:
1. The IVA shown in this table differs from that which adjusts business income. The IVA in
this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book
value inventories derived primarily from Census Bureau Statistics. The mix differs from that underlying business income derived primarily from Internal Revenue Service statistics.

16

SURVEY OF CURRENT BUSINESS

Table 6.4.—National Income Without Capital Consumption Adjustment
by Industry

April

Table 7.1-7.2.—Implicit Price Deflators and Fixed-Weighted Price
Indexes, 1972 Weights, for Gross National Product
Implicit price deflators, 1972=100

Billions of dollars

Seasonally adjusted

Seasonally adjusted at annual rates

1980

1981

1980

1981

IV

National
income
without CCAdj

I

II

III

2,130.8 2,352.8 2,217.1 2,297.9 2,330.7 2,382.0 2,400.3
1,829.1 2,023.3 1,903.1 1,977.2 2,005.4 2,051.3 2,059.3

Agriculture,
forestry,
and fisheries
Mining
Construction

62.8
37.0
108.4

67.3
44.5
114.9

63.4
40.9
111.6

61.4
42.5
116.4

65.8
41.0
114.1

70.3
46.1
113.8

71.7
48.5
115.2

Manufacturing
Durable goods
Nondurable goods

527.2
311.5
215.7

584.4
350.2
234.2

548.1
329.2
218.9

577.2
346.4
230.9

586.3
354.9
231.4

596.6
355.0
241.6

577.4
344.6
232.8

Transportation and
public utilities
Transportation
Communication
Electric, gas, and
sanitary services

174.3
80.0
50.1

193.8
85.3
56.1

180.9
82.5
54.0

187.5
84.7
53.9

190.8
85.3
54.4

195.5
85.4
56.7

201.3
85.7
59.5

Government and government enterprises
Rest of the world

44.3

52.4

44.4

48.9

51.2

53.5

56.1

133.8
180.0

151.5
201.0

139.6
186.6

146.6
197.1

148.5
200.1

153.6
204.2

157\4
202.4

290.8
314.8

312.6
353.3

304.0
327.9

308.1
340.4

309.9
348.7

313.7
357.5

318.8
366.8

301.7

329.4

314.0

320.7

325.3

330.8

341.0

49.7

54.4

48.6

52.3

50.4

55.6

59.6

Corporate
profits
with
IVA
and
CCAdj
Domestic industries
Financial
Nonfinancial
Rest of the world
Corporate
with IVA

184.9
160.5
195.2
184.3

188.5
162.3
199.2
188.4

191.5
165.4
200.4
192.2

195.7
168.3
203.7
197.6

199.3
170.1
206.2
202.3

201.8
171.9
207.2
206.3

Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment ..
Residential
Nonfarm structures
Farm structures
Producers' durable equipment

194.2
186.8
224.7
170.2
218.6
221.7
219.9
149.4

209.2
202.5
246.3
182.4
233.3
236.8
235.5
159.4

199.9
192.4
233.3
174.5
223.3
226.3
224.2
152.4

203.1
195.0
236.2
176.8
228.7
231.8
229.6
155.2

208.4
201.4
244.1
182.0
231.8
235.0
233.4
158.0

210.9
204.5
249.2
184.0
235.4
239.1
237.6
161.5

214.7
208.9
255.3
186.7
238.8
242.9
241.2
163.1

215.5
209.3
258.4
186.2
242.0
246.1
245.3
166.1

.. . 211.0
290.1

229.0
295.5

219.9
296.4

226.1
303.1

228.0
301.2

229.8
289.8

232.2
288.5

233.6
289.3

184.4
183.9
185.6
180.6
184.7

202.7
206.4
208.8
201.7
200.3

192.8
197.4
196.8
198.7
190.0

196.4
199.4
201.2
195.9
194.5

199.5
201.9
204.2
197.3
198.0

204.2
206.6
208.3
203.1
202.8

210.6
217.2
220.8
210.3
206.2

212.3
216.2
223.1
203.3
209.8

.

Fixed-weighted price indexes, 1972 = 100
183.3

200.4

189.7

194.4

198.1

202.6

206.9

209.7

184.3
160.1
195.6
182.0

201.0
171.9
212.6
200.2

190.8
164.9
202.9
188.5

195.8
166.7
209.5
193.1

198.9
170.4
211.2
197.3

202.9
174.0
213.5
202.8

206.4
176.5
216.2
207.6

209.1
177.9
217.7
211.9

203.8
195.5
217.9
Structures
Producers' durable equipment .. 182.6
Residential
219.6
Change in business inventories

220.9
213.6
235.7
200.9
234.8

209.7
202.0
224.1
189.4
224.3

214.6
206.7
229.0
193.9
229.7

219.1
211.8
233.5
199.3
233.1

223.4
216.1
238.1
203.4
237.3

227.1
219.8
241.7
207.1
240.9

230.7
223.3
245.9
210.4
244.5

Personal consumption
Durable goods
Nr>nrhiraV»lt> crrwlc

II

III

IV

182.7

191.7

183.3

203.0

190.3

195.7

177.6

151.5
27.9
123.6

167.5
21.1
146.4

155.6
27.4
128.2

177.6
25.5
152.1

167.6
21.0
146.5

171.1
19.2
152.0

153.6
18.7
134.9

31.1

24.2

27.7

25.4

22.8

24.5

24.0

199.8

205.6

201.0

217.7

205.1

209.1

190.4

168.7

181.4

173.4

192.3

182.3

184.6

166.4

Financial
Federal Reserve Banks...
Other

30.6
11.9
18.7

24.5
14.5
10.0

30.5
12.0
18.5

28.6
13.5
15.1

24.3
14.3
10.1

22.7
15.2
7.5

22.4
15.2
7.2

Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery, except
electrical
Electric and electronic equipment ..
Motor vehicles and
equipment
Other

138.1
74.5
20.9

156.9
82.0
27.0

142.9
76.2
25.8

163.7
90.4
31.5

158.0
84.4
31.9

161.9
85.1
26.0

144.0
68.0
18.7

3.1

3.6

3.8

5.1

3.8

3.7

1.6

3.9

3.9

4.8

4.1

4.6

4.7

2.4

6.3

8.6

6.1

8.7

8.2

8.6

8.9

5.3

6.6

5.3

8.4

6.2

6.6

5.4

-4.3
6.5

-.7
5.0

-.8
6.6

-1.6
6.8

2.7
6.3

-2.2
4.7

-1.8
2.2

53.7

54.9

50.4

58.9

52.5

59.0

49.3
9.0

Nondurable goods
Food and kindred
products
Chemicals
and
allied products
Petroleum and coal
products
Other

7.3

9.5

8.6

10.4

9.5

8.9

7.5

8.9

8.1

10.1

8.3

8.5

8.5

24.6
14.3

21.1
15.5

19.9
13.8

21.6
16.8

19.6
15.1

26.4
15.2

17.0
14.8

Transportation and
public utilities
Wholesale and retail
trade
Other

18.5

21.6

18.8

20.8

20.0

21.6

24.1

20.9
24.1

28.7
24.7

22.6
25.2

27.5
25.1

28.4
25.1

30.1
25.2

28.6
23.3

31.1

24.2

27.7

25.4

22.8

24.5

24.0

Rest of the world




Services
1982

profits

Domestic industries

I"

193.7
166.4
202.4
195.2

51.3

1981
I

IV

178.9
156.0
188.6
178.1

Government purchases of
goods and services
Federal
National defense
Nondefense
State and local

Seasonally adjusted at annual rates

IV

III

B

Billions of dollars

1980

II

177.36 193.71 183.81 188.14 191.06 195.61 200.10 201.88

Gross national product

1981

1982

1981
I

Personal consumption
expenditures
Durable goods
Nondurable goods
Services

Net exports of goods and
services
Exports
Imports

Table 6.20.— Corporate Profits by Industry

1980

1980
IV

Gross national product

2,180.4 2,407.2 2,265.6 2,350.2 2,381.1 2,437.6 2,459.9

Private industries

1981

I"

IV

Domestic industries

Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services

1980

1982

jp
1

Gross private domestic
investment
Fixed investment
NnnrpsiHpntjfll

Net exports of goods and
services
Exports
Imports

217.1
302.9

237.2
321.1

226.6
315.5

232.9
324.4

236.1
324.8

239.0
318.6

241.1
317.1

242.7
320.0

Government purchases of
goods and services
Federal
National defense
Nondefense
State and local

190.8
191.2
195.1
181.1
190.5

209.1
213.3
218.8
199.0
206.2

198.2
201.2
205.8
189.5
196.2

202.7
205.5
210.0
194.0
200.7

206.9
210.8
216.1
197.1
204.3

210.6
213.7
219.3
199.5
208.6

216.2
223.1
229.7
206.0
211.5

219.3
225.7
232.2
209.0
215.0

Addenda:
188.8
Gross domestic purchases *
183.2
Final sales
Final sales to domestic purchas188.7
ers *

205.9
200.4

195.4
189.6

200.3
194.3

203.8
198.0

207.8
202.5

211.7
206.8

214.7
209.7

205.9

195.4

200.2

203.8

207.8

211.8

214.7

208.6

202.6

205.7

206.0

210.3

212.5

215.7

360.0

325.2

353.3

360.3

360.1

366.2

364.9

184.1

175.0

178.4

182.0

186.2

189.9

192.8

200.5
201.8

189.8
190.9

194.4
195.7

198.2
199.5

202.7
204.3

206.9
208.0

209.8
210.8

.. ..

Personal consumption expendi192.7
tures food
Personal consumption expendi317.1
tures, energy
Other personal consumption ex169.5
penditures
Gross domestic product
Business
Nonfarm

183.3
184.5

Table 7.1-7.2:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic
purchasers equals final sales less exports plus imports.

17

SURVEY OF CURRENT BUSINESS

April

Table 7.3.—Implicit Price Deflators for Gross National Product by
Major Type of Product

Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business

Index numbers, 1972=100

Dollars

Seasonally adjusted
1980

1981

1980

IV
Gross national product

Seasonally adjusted

1981

I

II

1982

III

IV

193.6

184.1

187.7

190.9

195.7

200.0

202.2

169.9

185.8

176.3

181.1

183.2

187.6

191.3

190.7

Final sales
Change in business inventories

170.1

185.3

177.0

180.1

182.6

187.7

191.1

191.7

Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories

164.1
164.5

179.7
179.0

169.2
169.1

173.3
172.9

179.1
178.2

183.0
181.4

183.8
184.0

182.0
184.6

174.2
174.2

190.0
189.8

181.6
182.8

186.7
185.4

186.1
185.8

190.9
192.1

196.1
195.7

196.1
196.4

Goods

IV

I"

177.36 193.71 183.81 188.14 191.06 195.61 200.10 201.88

Final sales
177.4
Change in business inventories . .

1980 1981 1980

Services

176.7

193.8

183.2

187.2

190.8

195.9

201.1

204.9

Structures

222.1

239.8

228.5

232.8

238.0

242.4

246.7

250.1

Addenda:
Gross domestic purchases 1
182.2
Final l sales to domestic purchasers
182.2

197.9

188.4

192.7

195.7

199.4

203.8

205.5

197.7

188.7

192.2

195.5

199.5

203.7

205.8

Capital consumption allowances with CCAdj ....
Net domestic product
Indirect business tax and nontax liability
plus business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with
IVA and CCAdj
Profits tax liability
Profits after tax with IVA and CCAdj ....
Net interest

.191 .208 .197 .197 .204 .211 .222
1.579 1.725 1.633 1.679 1.701 1.743 1.777
.176 .204 .188 .199 .202 .206 .211
1.403 1.520 1.444 1.480 1.499 1.537 1.566
1.196 1.285 1.230 1.244 1.266 1.295 .1.336
.143
.073
.070
.065

.163
.066
.098
.072

.146
.075
.071
.068

.169
.076
.093
.067

.163
.064
.098
.070

IV
Auto output

188.14
188 2
188 2
1879
190.1
1696
200 0
1882

191.06
191 1
191 1
1909
193.1
1728
1987
191 1

195.61
195 6
1958
1960
198.4
1765
1906
1958

200.10
200 1
2000
2007
203.3
1803
180 2
2000

201.88
201 9
201 5
201 9
204.3
1835
187 8
201 5

Households and institutions
Private households
Nonprofit institutions

1895
1938
189 1

2079
2089
2079

1960
1998
1957

2012
2034
201 0

2057
2066
2057

2101
211 0
2100

2147
2150
2147

2190
217 0
2192

Government
Federal
State and local

1735
1666
1767

1894
1837
1920

1805
1780
1817

1841
1795
1862

1868
1802
1898

1898
1805
1942

1968
1944
1980

2000
195 9
2019

Addenda:
Domestic output of new autos2 1
Sales of imported new autos

175.4

1919

1820

1865

1892

1938

1982

199 9

Addendum:
Gross domestic business product
less housing
1794

1960

1859

1904

1933

1981

2024

2038

1981

Table 7.5.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
177.36 193.71 18381 18814 191 06 195 61 200 10 201 88

Less: Capital consumption allowances with CCAdj
1948

2097

2000

2028

2078

2117

2162

2184

Equals: Net national product

175.4

191.9

182.0

186.5

189.2

193.8

1982

199 9

Less:
Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
enterprises
1464

1673

1537

1645

1669

1687

169 1

1661

Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories

II

III

1982

IV

I"

155.9 166.8 160.5 159.0 165.9 171.4 171.3 170.6
155.8 167.1 160.2 160.5 166.0 170.6 172.9 173.1
169.4 186.1 176.5 176.8 185.4 189.8 194.8 194.3
161.2 170.2 164.6 164.3 169.7 173.6 174.7 174.7
146.5 145.2 140.5 137.5 146.6 148.5 147.8 145.8
161.3 171.1 164.4 164.9 170.5 174.2 175.3 175.2
164.7 171.3 165.1 165.7 168.6 174.7 178.6 179.4
211.4 230.8 214.1 228.0 229.1 231.8 234.0 236.2
167.5 171.8 165.6 162.5 173.6 171.5 180.1 173.1

161.7 170.7 164.4 164.4 170.0 173.9 175.1 174.3
161.4 170.5 164.6 164.4 170.0 173.8 174.8 174.8

1774

1937

1838

188 2

191 1 1958

2000

Equals: National income

1791

1951

1856

1893

192 0

202 0

197 0

Table 7.3:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
Table 7.7:
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
Table 7.8:
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.

186.5 206.8 194.0 198.8 205.0 210.2 214.0 213.9
186.5 207.0 195.0 199.0 205.3 210.0 214.8 213.7
161.2 170.6 164.7 164.3 1699 1737 174.6 1747
194.5 220.1 205.2 210.6 217.6 224.2 229.4 232.6
195.0 219.7 205.2 210.6 217.6 224.2 228.9 2327
176.4 195.5 1864 1853 191 6 ?,01 6 201.6 ?,0?, 0
194.9 220.4 205.2 210.6 217.6 224.1 229.4 2326

Table 7.11.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product
Personal consumption expenditures

Statistical discrepancy




I

Table 7.9.—Implicit Price Deflators for Truck Output
Truck output 1

371-676 0 - 8 2 - 3

.153
.057
.096
.077

Seasonally adjusted

183.81
1838
1838
183 1
185.2
1664
2088
1838

Table 7.9:
1. Includes new trucks only.

.169
.066
.103
.073

Index numbers, 1972=100

193.71
1937
1937
1938
196.2
1749
1918
1937

Gross national product

I"

Table 7.8.—Implicit Price Deflators for Auto Output

177.36
1774
1774
1770
179.0
1609
1931
1774

Rest of the world

IV

Current-dollar cost and profit per unit
of constant-dollar
gross domestic
product 1
1.770 1.933 1.830 1.876 1.904 1.954 1.999

Final sales
Personal consumption
expenditures
New autos
Net purchases of used autos
Producers' durable
equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories

Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy

III

II

1980 1981 1980

Table 7.4—Implicit Price Deflators for Gross National Product by
Sector

1982

1981

I

178.9 193.7 184.9 188.5 191.5 195.7 199.3 201.8

Durable goods
Motor vehicles and parts .
.
.
Furniture and household equipment
Other

156.0
167.1
1436
161.7

166.4
1815
1516
170.3

160.5
173.2
1465
167.3

162.3
174.0
1486
168.1

165.4
180.6
1509
169.7

168.3
184.6
152.9
170.2

170.1
188.0
1542
173.1

171.9
187.8
1559
174.9

Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other

188.6
190.5
134.3
3394
187.5
4714
170.1

202.4
206.9
138.6
3760
204.1
5740
184.8

195.2
200.3
136.5
3437
193.4
4845
175.8

199.2
203.7
137.0
3763
198.1
559.4
179.3

200.4
204.2
137.8
379.0
203.0
582.8
183.5

203.7
208.7
139.6
370.4
206.2
575.3
186.7

206.2
211.1
139.9
378.4
209.0
5791
189.9

207.2
214.0
139.9
367.8
210.8
577.0
193.4

Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other .

178.1
1656
181.5
2394
146.3
184.3
1870

195.2
1802
201.9
2725
1607
199.0
2059

184.3
1713
216.4
2509
150.2
192.4
193.1

188.4
174.7
188.2
258.3
153.8
194.0
198.5

192.2
178.1
192.3
265.5
157.7
1970
202.5

197.6
182.0
197.7
280.3
162.9
201.4
208.3

202.3
1859
206.2
2854
168.0
203.8
2142

206.3
1892
216.4
2959
171.0
207.4
218.6

18

SURVEY OF CURRENT BUSINESS

Table 7.14B.—Implicit Price Deflators for Government Purchases of
Goods and Services by Type

April

Table 7.17.—Implicit Price Deflators for Merchandise Exports and
Imports by Type of Product and by End-Use Category
Index numbers, 1972=100

Index numbers, 1972=100

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates3
1980

Government purchases of
goods and services
Federal

184.4

1981

202.7
206.4

1980

1981

IV

I

II

192.8

196.4

199.5

III

IV

IP

204.2

210.6

212.3

206.6

217.2

. . . .

183.9

National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military . . .
Civilian
Other services
Structures

185.6
179.1
441.5
174.6

208.8
204.1
490.5
195.3

196.8
184.8
465.1
185.8

201.2
193.7
476.1
188.9

204.2
199.2
481.0
190.6

208.3
208.8
495.6
193.8

220.8
213.5
508.2
207.3

223
223.11
220.00
220
512.66
512
209.6

164.7
160.9
170.2
194.0
198.3

183.2
182.2
184.6
217.0
216.4

176.9
174.5
180.3
203.0
203.1

178.4
176.0
181.8
208.5
207.1

178.9
176.4
182.6
212.2
214.0

179.2
176.5
183.1
220.0
217.6

196.0
199.6
190.8
226.1
226.1

197.3
200.33
200
192.8
230.00
230
231.9

Nondefense
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures

180.6
167.5

201.7
192.8

198.7
175.2

195.9
186.6

197.3
189.3

203.1
194.5

210.3
202.9

203.3
208.9

State and local
Durable goods
Nondurable goods
Services
Compensation of employeesOther services
Structures

197.4

199.4

201.9

1980

1982

216.2

176.9

193.0

185.9

189.1

191.1

192.9

199.2

202.0

170.0
185.4
207.7

184.7
203.9
223.4

180.2
192.8
214.2

181.8
198.1
218.9

182.6
201.9
222.2

183.1
206.3
225.0

191.2
210.4
227.9

193
193.33
214.6
231 4
231.4

184.7
169.7
191.7
179.4
176.7
187.5
220.8

200.3
182.3
208.1
196.0
192.0
207.9
233.6

190.0
175.0
198.2
184.7
181.7
193.5
226.3

194.5
178.4
202.3
189.2
186.2
198.1
231.3

198.0
181.0
205.8
193.4
189.8
203.9
233.5

202.8
183.6
211.5
198.8
194.2
212.4
235.0

206.2
186.5
212.7
202.8
198.0
217.0
234.9

209
209.88
188
188.00
214.8
206
206.88
201.9
221
221.44
237.7
,

Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods
OdS
and Services

1980

1981

I

IV

II

1982

III

IV

IP

260.8

Merchandise exports

236.7

258.3

248.4

255.7

257.4

260.0

260.3

Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

235.1

246.9

255.4

263.1

256.2

239.1

228.0

228.5

282.9
282.9
282.9
212.2
249.7
199.5
231.1
172.6
235.9
235.9
235.9

293.2
293.2
293.2
248.2
286.5
200.9
244.0
173.1
258.4
258.4
258.4

283.1
283.1
283.1
228.1
267.3
202.9
238.9
176.4
248.4
248.5
248.2

292.6
292.5
292.6
237.5
270.6
199.2
237.4
173.5
255.8
255.8
255.8

293.4
293.4
293.4
244.3
282.9
197.7
242.8
169.2
257.2
257.2
257.2

294.2
294.2
294.2
254.0
292.5
202.4
248.4
172.5
260.0
259.8
260.1

292.6
292.6
292.6
258.6
303.9
204.6
248.5
177.5
260.4
260.5
260.3

293.0
293.0
293.0
260.1
307.4
203.2
248.1
177.0
260.8
260.8
260.8

Merchandise imports

332.3

331.9

339.1

348.0

343.4

323.4

314.8

319.4

Foods, feeds, and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
..

270.1

259.2

277.3

277.0

268.1

254.4

238.2

240.0

Addenda:
Exports:
Agricultural products
Nonagricultural products
products

Index numbers, 1972=100

1981

297.5 293.2 298.3
301.1
298.0 305.9 300.3 301.1
306.6 298.9 311.0 301.4 302.3 298.7 293.2 298.9
293.2 296.7 298.3 298.9 299.2 295.7 293.1 297.4
1,153.8 1,298.0 1,231.0 1,319.8 1,349.3 1,268.4 1,246.5 1,247.2
194.2
205.4 198.4 210.4 209.6 199.7 195.2 191.2
248.5 288.0 267.4 277.4 282.7 288.2 303.3 305.0
227.1 231.2
221.2 231.3 228.5 236.7 230.8 231.5
195.0
208.3 202.8 206.5 206.1 210.9 209.6 210.0
282.4 280.5 289.0 312.9 284.8 272.4 260.9 275.0
246.2 251.8 254.2 258.4 254.4 250.8 246.6 250.2
246.2 251.8 253.9 258.0 254.6 251.0 246.6 250.3
246.2 251.8 254.4 258.7 254.2 250.6 246.6 250.0

234.5
237.2

246.4
261.3

253.5
247.1

261.8
254.1

254.3
258.1

239.3
265.0

229.1
269.0

229.6
269.5

248.4

252.6

256.2

258.6

254.9

251.1

246.7

250.6

Seasonally adjusted at annual rates
1980

1981

1980

1982

1981

IV

I

II

III

IV

IP

Exports of goods and services

211.0

229.0

219.9

226.1

228.0

229.8

232.2

233.6

Merchandise
Durable goods
Nondurable goods

236.7
229.7
247.2

258.3
259.5
256.6

248.4
242.6
256.8

255.7
250.2
263.1

257.4
256.6
258.5

260.0
264.4
253.8

260.3
268.1
250.8

260.8
269.2
250.8

176.5
175.3
179.0

192.5
192.0
193.6

182.8
182.0
184.2

187.0
186.5
187.9

190.0
189.2
191.7

194.3
193.8
195.5

198.6
198.2
199.4

200.8
199.9
202.4

Imports of goods and services

290.1

295.5

296.4

303.1

301.2

289.8

288.5

289.3

Merchandise .
Durable goods
Nondurable goods

332.3
235.4
507.2

331.9
242.1
500.0

339.1
243.9
514.2

348.0
244.0
533.2

343.4
243.7
532.8

323.4
241.8
480.1

314.8
239.4
457.5

319.4
242.5
472.3

Services .
Factor income
Other

201.1
175.3
225.5

218.5
191.9
247.9

208.1
182.0
234.0

213.0
186.5
239.9

215.7
189.2
245.9

219.4
193.8
250.8

226.4
198.2
255.8

227.3
199.9
259.6

Services .
Factor income
Other

Table 7.21:
1. Inventories are as of the end of the quarter.
2. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world.




Table 7.21.—-Implicit Price Deflators for Inventories and Final Sales of
Business
Index numbers, 1972=100
Seasonally adjusted at annual rates
1980

1981

1980

IV

1982

1981

I

II

III

IV

Ip

Inventories1

230.6

234.3

236.6

238.2

240.0

239.1

Farm
Nonfarm
Durable goods
Nondurable goods

215.4
232.8
218.8
254.3

203.6
238.6
222.0
263.8

202.0
241.5
225.4
266.3

195.9
244.3
230.5
265.3

192.1
247.0
233.8
267.0

189.5
246.4
234.2
264.6

Manufacturing
Durable goods
Nondurable goods

237.5
225.1
264.1

243.1
228.0
275.0

248.2
232.8
280.9

250.3
237.8
277.2

252.9
241.3
277.9

252.5
241.9
274.9

Wholesale trade
Durable goods
..
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

234.7
217.2
268.5
226.0
217.4
243.0
275.8
216.1
379.0

241.7
222.2
279.2
229.7
221.7
245.8
297.0
224.8
417.8

243.7
226.3
277.8
232.9
225.7
247.4
295.1
229.3
406.3

244.0
230.4
270.8
234.9
230.0
244.9
287.4
232.3
386.1

245.6
232.9
270.4
236.1
232.5
243.2
292.7
234.9
394.0

244.5
233.6
265.2
235.4
233.2
239.6
289.2
235.5
382.1

Retail trade
Durable goods
Nondurable goods
Other

201.8
200.4
203.0
284.7

204.3
201.3
206.8
295.9

203.2
199.9
206.0
301.6

209.7
208.3
210.9
305.1

212.3
211.6
212.8
311.2

211.2
210.2
212.0
309.8

184.1

187.6

190.9

195.9

199.9

201.9

184.9

188.1

190.9

195.6

199.1

199.8

Final sales2
Final sales of goods and structures

SURVEY OF CURRENT BUSINESS

April

19

Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflator, and
Price Indexes
Percent

Percent at annual rates

Percent

Percent at annual rates

Seasonally adjusted

Seasonally adjusted

1980 1981 1980

1981

1980 1981 1980

1982

IV

I

II

III

IV

Government purchases of goods and
services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

1982

1981

rv

I

12.9 10.6
2.9
.6
9.7 9.9
9.7 9.4
11.1 9.6

20.2
2.2
17.6
12.8
13.3

13.5
5.4
7.7
9.2
9.3

18.5
6.3
11.4
11.0
13.1

15.7
3.1
12.2
11.0
11.6

40.2
2.0
37.4
22.9
23.6

19.3 -3.7
14.8 -8.4
4.0
5.1
9.3
9.1
8.8 10.6

17.2
4.2
12.5
11.9
12.2

35.0
5.9
27.5
23.6
24.4

10.4
1.1
9.3
8.7
8.4

8.7
2.6
5.9
10.2
12.2

I"

II

III

Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

8.8 i1-4
-.2 *2.0
9.0 9.2
8.6 9.3
9.6 9.4

14.9
3.8
10.7
10.5
10.4

19.2
8.6
9.8
9.8
10.2

4.7
16
6.4
7.7
7.9

11.4
4.6
1.4 -4.5
9.5
9.9
10.0
8.6
9.5
8.6

— 4
-3^9
3.6
5.7
5.6

Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

10.7 11.1
.5 2.5
10.2 8.3
10.6 9.0
11.0 9.1

17.4
7.0
9.7
10.1
10.1

14.2
5.8
8.0
10.3
10.9

4.3
2i
6.5
6.5
6.5

12.5
5.3
3.3 -2.2
7.7
9.0
7.4
8.7
7.2
8.2

9.2
4.0
5.0
5.7
5.3

9.5
2.6
6.7
7.2
7.4

30.9
21.2
8.0
7.8
7.4

29.7 17 2
24.1 -23.3
4.5
7.9
4.7
8.2
4.5
9.1

16.6 -15.5
8.6 -18.9
7.3
4.2
8.2
5.9
8.9
5.7

19.6
14.6
4.3
3.6
3.3

National defense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

18.4
5.7
12.0
11.8
14.3

Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

12.2 10.0
1.1 2.5
11.0 7.3
12.0 8.5
12.4 8.7

18.5
6.3
11.5
11.8
11.8

13.4
4.6
8.4
12.5
13.6

5.3
2.7
2.5
3.3
3.3

9.0
2.1
6.8
5.2
4.4

4.9
-.1
5.0
5.0
5.1

3.1
1.0
2.0
3.1
2.8

Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

5.4
18.6 12.9 51.2 38.9 24.4
46.8 -26.4 -6.1
7.5 1.1 -5.3
2.8 12.3
10.3 11.7 59.7 -5.4
7.0
2.9
9.4 9.4 21.4 10.4
6.5
5.1
9.9
10.0 9.9 21.6

Services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

12.8 12.4
2.6 2.6
9.9 9.6
10.2 9.9
10.4 10.0

13.1
3.7
9.1
9.3
9.3

10.9
1.4
9.3
9.9
10.1

10.1
1.6
8.3
8.7
9.0

14.6
2.6
11.6
11.9
11.9

11.7
1.7
9.9
10.0
9.8

11.9
3.4
8.3
8.5
8.4

14.0
5.5

23.7
11.1

45.9
24.2

21.1
16.1

3.9 -16.0 -38.5
3.3 24 7 -37.9

8.3
.5
7.7
8.4
8.4

24.2
15.7
7.4
5.3
5.2

18.0
10.8
6.5
9.4
9.7

2.5
76
10.9
8.9
8.7

.3 -1.5
4 4 -8.3
4.9
7.5
7.8
6.8
6.7
8.0

Durable goods:
Current dollars
1972 dollars
Implicit price deflators ..
Chain price index
Fixed-weighted price index

Gross private domestic
investment:
Current dollars
1972 dollars
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator....
Chain price index
Fixed-weighted price index
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

2
-7.4
7.7
8.4
8.4

.7
-7.1
8.5
10.0
10.1

-1.3
-2.8
1.5
6.5
6.4

11.5
4.0
7.2
6.3
7.0

19.6
13.3
5.6
9.1
9.5

11.4
21
13.9
10.1
10.3

5.8
13.6
6.9 -2.9
8.9
6.2
7.9
6.9
8.3
7.0

0
-.7
.7
6.7
6.7

Structures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed- weigh ted price index

13.0 15.5
I 5.4
13.1 9.6
11.9 8.6
11.8 8.2

16.5
9.0
6.9
6.4
5.8

22.3
16.6
4.9
9.7
9.0

21.8
6.7
14.1
8.5
8.1

17.8
8.4
8.7
8.8
8.1

20.1
9.2
10.0
7.5
6.2

-.5
53
5.0
7.4
7.0

Producers' durable
equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

2.0 8.6
-4.2
1.3
6.5 7.2
9.5 9.2
9.8 10.1

8.7
1.9
6.6
6.3
7.9

11.1 -2.5
80
6.3
6.0
4.5
6.6
7.3
8.5
7.5

.3
1.5
-1.2
6.2
6.5

Exports:
1972 dollars
Implicit price deflator
Chain price deflator
Fixed-weighted price index....
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

11 3
.2
-18^6 -6.1
9.0 6.7
9.3 7.0
9.3 6.9

68.5
64.2
2.6
2.1
2.1

18.0
5.6
11.8 -5.9
5.5 12.3
8.8 11.0
9.9 11.8

14.0 -19.2 -32.1 -22.9
59
3.6 23 4 36 2 -27.1 -10.9
10.0
5.5
6.4
5.8
5.6
6.0
10.1
6.2
6.1
7.5
10.1
6.0
6.3
6.0
7.5

20.8
9.6
10.2
10.1
10.3

8.1
4.4
4 -7.4
8.6 12.8
9.3 14.7
9.3 14.5

27.0
.9 -.3 -2.6
13.6 -2.3 -3.5 -6.5
11.8
4.2
3.4
3.3
11.6
5.0
5.3
3.9
11.7
5.6
3.4
5.0

-7.1
-9.3
2.4
2.7
2.7

18.1
1
18.2
25.2
24.0

7.9
5.9
1.9
6.6
6.0

37.8
25.8
9.6
9.6
9.0

20.5 11.5
2.6
97
10.3 14.2
4.5
5.5
9.3 -2.4
14 4 -1.8
5.9 -1.3
12.6
.6
11.8
.4 -7.4 -1.9

-6.7
-7.8
1.2
4.4
3.7

NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price indexes
used in the deflation of GNP. In each period, the weights are based on the composition of constant-dollar output in that period. In other words, the price index for each item (1972 = 100) is
weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in 1972
prices. Changes in the implicit price deflator reflect both changes in prices and changes in the




State and local:
Current dollars
1972 dollars
Implicit price deflator ..
Chain price index
Fixed-weighted price index

I"

24.5
10.2
13.0
11.1
10.9

3.9
.5
3.4
6.3
6.0

13.1
3.1
9.7
6.1
5.8

56.7
28.2
22.2
18.4
18.6

3.8
5.8
-1.9
4.9
4.9

16.9
7.9
8.3
7.7
6.0

47.0
16.3
26.4
20.7
20.5

4.3
.1
4.2
5.3
4.4

.6
8.2
5.6 -1.5
9.9
6.5
8.7
8.1
7.4
8.6

78.9
2.8
55.7 17.6
14.9 -12.6
4.0
13.6
6.1
13.5

9.8 7.5
1.0 -.9
8.7 8.5
9.0 8.5
9.7 8.2

9.7
2.3
7.2
7.2
6.8

10.0
.2
9.8
9.2
9.7

3.3
38
7.5
7.5
7.2

5.3
42
9.9
10.4
8.6

7.1
.1
6.9
6.8
5.8

3.9
-2.9
7.1
7.2
6.8

8.4 11.4
-1.1
2.6
9.7 8.6
10.3 9.0
10.8 9.0

18.9
6.6
11.5
9.9
10.0

18.4
8.1
9.4
9.9
10.2

6.0
-.3
6.3
7.2
7.3

10.2
5.3
2.3 -3.6
7.8
9.2
8.6
8.0
8.0
7.9

3
-3.6
3.4
5.9
5.6

9.8 10.5
.7 1.3
9.0 9.1
8.6 9.3
9.6 9.4

15.0
4.4
10.2
10.6
10.4

15.5
2.0
6.9 -4.7
8.0
7.0
7.7
9.8
7.9
10.3

7.2
10.9
.3 -1.8
9.1
10.5
8.7
10.0
9.5
8.6

6.3
1.9
4.4
5.7
5.6

Final sales to domestic
purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

9.5 10.5
-.2 1.9
9.7 8.5
10.3 9.0
10.9 9.1

19.0
7.2
10.9
9.9
10.0

14.6
3.2
6.4 -3.6
7.7
7.1
9.9
7.2
10.3
7.3

9.7
1.2
8.4
8.6
8.0

7.9
-.7
8.7
8.1
7.9

6.5
2.3
4.1
6.0
5.7

Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

8.7 11.4
2 2.0
9.0 9.2
8.6 9.3
9.6 9.4

15.6
4.4
10.7
10.5
10.4

18.9
5.1
8.3 -1.2
9.8
6.4
9.8
7.7
10.2
7.9

10.8
.9
9.9
10.0
9.5

4.1
49
9.5
8.6
8.6

.7
28
3.6
5.7
5.6

8.5 11.7
-.5 2.3
9.1 9.2
8.7 9.3
9.8 9.4

15.4
5.0
9.9
9.7
9.3

20.3
4.8
9.5 -1.4
9.9
6.3
10.0
7.9
10.5
8.2

2.4
11.6
1.2 -5.9
10.3
8.8
10.4
7.8
7.5
9.9

-.5
-3.5
3.1
5.5
5.4

9.1 11.8
-.4 2.1
9.6 9.5

17.6
6.9
10.0

19.3
7.7
10.8

5.8
-.6
6.5

2.6
10.2
-.9 -6.6
11.2
9.9

.1
-2.4
2.5

11.0 10.7
.7 2.2

12.8
2.9

11.2
3.0

8.0
1.4

9.4
1.6

5.2
.2

Addenda:

-4.9
-12.5

5.8 11.1
-3.0
2.5
9.1 8.4
10.3 9.0
10.6 9.3

Residential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index ..
Fixed-weighted price index

Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

IV

Gross Domestic Purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Final sales:
Current dollars . . .
1972 dollars
Implicit price deflator ..
Chain price index
Fixed-weighted price index

. .

Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Disposable personal
income:
Current dollars
1972 dollars

,

11.8
2.6

composition of output. The chain price index uses as weights the composition of output in the
prior period, and therefore reflects only the change in prices between the two periods. However,
comparisons of percent changes in the chain index also reflect changes in the composition of
output. The fixed-weighted price index uses as weights the composition of output in 1972. Accordingly, comparisons over any time span reflect only changes in prices.

By NATIONAL INCOME AND WEALTH DIVISION

Gross Product by Industry, 1981
REAL GNP in 1981 increased by 2.0
percent following a decline of 0.2 percent in 1980 (table 1). The turnaround
in terms of industry real gross product was primarily accounted for by
manufacturing and wholesale and
retail trade, which increased in 1981
following declines in 1980.
Not all industries recovered to their
1979 constant-dollar levels of gross
product. Construction and transportation declined in both 1980 and 1981
and were well below their 1979 levels.

Manufacturing and retail trade increased in 1981, but neither regained
its 1979 level.
Prices as measured by GNP implicit
price deflator increased 9.2 percent in
1981, almost the same as in 1980.
Changes in industry deflators were
mixed. There were substantial accelerations in communication, electric
and gas utilities, and government enterprises, and significant decelerations in mining, construction, and finance, insurance, and real estate. The

largest 1981 price change was in
mining. Farms was the only industry
for which the deflator fell in both
years.
The industry estimates for 1981 as
well as those for 1977-80 will be revised as part of the annual revision of
the national income and product accounts. These estimates will appear in
the July 1982 SURVEY OF CURRENT
BUSINESS, in table 6.1 (current dollars), table 6.2 (constant dollars), and
table 7.22 (implicit price deflators).

Table 1.—Gross Product in Current and Constant Dollars and Implicit Price Deflators by Industry
Billions of current dollars

1980

1979

1981

Implic it price def .ators

Billions of constant (1972)
dollars

1979

1980

1981

1979

1980

Percent change from proceeding year

1980
Gross national product
Domestic industries (gross domestic product)
Private industries
Agriculture forestry and fisheries . .
Farms
Agricultural services, forestry, and fisheries

1980

1981

1981

2,413.9

2,626.1

2,925.5

1,483.0

1,480.7

1,510.3

162.77

177.36

193.71

-0.2

2.0

9.0

9.2

2,370.1

2,576.5

2,871.1

1,455.9

1,452.4

1,481.9

162.8

177.4

193.7

_f2

2.0

9.0

9.2

2,087.2

2,273.8

2,540.0

1,282.0

1.274.5

1,302.1

162.8

178.4

195.1

-.6

2.2

9.4

9.6

78.4
70.0
8.4

77.2
68.1
9.0

82.1
72.4
9.8

39.6
34.9
4.7

40.2
35.3
4.9

42.6
37.7
4.9

198.1
200.8
178.4

192.2
193.1
185.5

192.9
191.8
201.3

1.5
1.2
4.0

6.0
6.9
-.6

-3.0
-3.8
4.0

.4
7
8.5

5.9

29.3

69.4

94.1

123.9

21.0

22.1

23.4

330.0

426.8

530.1

Construction

113.1

119.7

127.3

58.3

54.4

52.9

194.1

220.1

240.4

-6.7

Manufacturing
Durable goods
Nondurable goods

569.5
350.6
218.9

591.1
354.9
236.3

662.3
399.2
263.0

368.0
223.5
144.5

351.0
208.7
142.3

358.4
213.3
145.1

154.8
156.9
151.5

168.4
170.1
166.0

184.8
187.2
181.3

-4.6
-6.6
-1.5

Transportation and public utilities
Transportation
Communication .
Electric gas and sanitary services

211.7
90.7
61.1
60.0

234.5
97.1
69.0
68.4

262.9
103.3
79.2
80.4

141.1
55.9
50.3
34.8

144.0
53.3
55.1
35.6

145.9
51.6
58.6
35.8

150.1
162.2
121.3
172.2

162.8
182.0
125.4
192.0

180.1
200.4
135.2
224.5

2.1
-4.6
9.4
2.2

Mining .

Implicit price
deflators

Constant (1972)
dollars

1981

4.9

-2.7

24.2

13.4

9.2

2.1
2.2
2.0

8.8
8.4
9.6

9.7
10.1
9.2

1.4
-3.3
6.4
.5

8.5
12.2
3.4
11.5

10.6
10.1
7.8
16.9

Wholesale trade

170.1

183.8

205.3

103.4

102.1

105.3

164.6

180.0

195.0

-1.3

3.2

9.4

8.3

Retail trade

221.9

237.9

266.1

144.8

140.9

142.6

153.3

168.8

186.6

-2.6

1.2

10.1

10.5

Finance, insurance, and real estate
Finance and insurance
Real estate

350.8
94.6
256.1

392.0
100.4
291.6

422.6
102.8
319.8

227.5
61.5
166.0

236.4
63.4
173.1

241.0
64.9
176.1

154.2
153.9
154.3

165.8
158.5
168.5

173.5
158.4
181.6

3.9
3.1
4.3

1.9
2.5
1.7

7.5
3.0
9.2

4.6
-.1
7.8

Services

302.5

343.5

387.6

178.6

183.5

189.9

169.4

187.2

204.1

2.8

3.5

10.5

9.0

280.7

303.4

331.9

174.9

176.3

175.6

160.5

172.1

189.0

.8

-.4

7.2

9.8

248.1
32.6

269.3
34.0

293.3
38.5

153.9
21.0

155.2
21.1

154.9
20.7

161.3
155.0

173.5
161.4

189.4
186.2

.9
.4

-.2
-1.8

7.6
4.1

9.2
15.4

2.2

-.7

-.8

161.0

175.4

191.9

4.3

0

8.9

9.4

Government and government enterprises
Government
Government enterprises
Statistical discrepancy
Residual1
Rest of the world .. ..

43.8

49.7

54.4

1.4

-2.4

^
1.9

27.2

28.3

NOTE.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.
1. Equals GNP in constant dollars measured as the sum of incomes less GNP in constant dollars measured as the sum of gross product by industry.

20




-.4
4.6

28.3

By FRANK de LEEUW and THOMAS M. HOLLO WAY

The High-Employment Budget: Revised Estimates
and Automatic Inflation Effects
The high-employment budget provides a summary measure of the effects of a Federal fiscal program on
aggregate demand. It is a better measure for this purpose than the actual
budget because it excludes the
changes in receipts and expenditures
that are automatic responses to fluctuations in economic activity. The November 1980 SURVEY OF CURRENT
BUSINESS presented historical estimates of the high-employment budget,
prepared jointly by BEA, the Council
of Economic Advisers (CEA), the Federal Reserve Board, the Office of
Management and Budget, and the
Treasury.1
This article presents revised estimates. The revisions are primarily
due to the comprehensive revisions in
the national income and product accounts (NIPA's) that became available
in December 1980. Potential GNP—
the trend level of real output from
which cyclical deviations are measured in calculating the high-employment budget—was revised by the
CEA to be consistent with the NIPA
revisions.2 Minor factors contributing
to the revisions of the high-employment budget are (1) new labor force
statistics incorporating the results of
the 1980 Census, (2) reestimates, using
recent data, of some of the equations
used to calculate the high-employment budget, and (3) small changes in
methodology.3
1. Frank de Leeuw, Thomas M. Holloway, Darwin
G. Johnson, David S. McClain, and Charles A. Waite,
'The High-Employment Budget: New Estimates, 195580," SURVEY OF CURRENT BUSINESS, 60 (November
1980): 13-43.
2. The potential GNP estimates used in this article
are the provisional revisions discussed by the CEA in
Economic Report of the President (January 1981), pp.
180-81.
3. The changes in methodology include new income
share equations, discussed below, and cyclical adjustments in net interest and in Federal Reserve profits
taxes (payments by Federal Reserve banks to the U.S.
Treasury, treated as taxes in the NIPA's).




In addition, this article presents, for
the first time, estimates of changes in
the high-employment budget due to
the automatic response of receipts
and expenditures to inflation. One
major limitation of the previously
published budget estimates as a measure of discretionary fiscal policy is
that they are highly sensitive not
only to discretionary policy, such as
new tax laws or spending programs,
but also to other factors—to demographic changes, to changes in economic growth, and especially to inflation. Inflation automatically raises expenditures because several important
Federal programs, such as social security, are linked to changes in some
measure of the general price level; at

the same time, inflation automatically raises receipts because higher
prices mean higher dollar amounts
subject to tax and, in the case of personal income taxes, higher marginal
tax rates applied to these higher
dollar amounts. In recent years, inflation has also resulted in a higher taxable wage base for social security contributions. The impact of inflation on
receipts has tended to be larger than
the impact on expenditures, and
therefore inflation has tended to push
the Federal budget towards surplus.
It is useful to measure this automatic inflation effect and to subtract
it from total changes in the high-employment budget. The residual summarizes budget changes apart from
CHART 4

High-Employment Surplus or Deficit
Billion $

-40 -

-50 -

-60
1970

71

72

73

74

75

77

78

79

80

81

U.S. Department of Commerce, Bureau of Economic Analysis

21

22
both cycle-induced and inflation-induced changes. The residual provides
a better indication of changes that
are discretionary than the total highemployment budget. The residual,
however, is not necessarily a better
measure of the effect of fiscal policy
on aggregate demand. Inflation-induced budget changes and discretionary budget changes both affect aggregate demand, and an analysis of fiscal
policy needs to take both types of
change into account.
The remainder of this article is in
two sections. The first is a summary
of results of the revisions of the highemployment budget and of the separation of changes in this budget into
changes due to the automatic inflation effect and changes due to other
factors. The second section describes

SURVEY OF CURRENT BUSINESS

April

the methodology used to estimate the
automatic inflation effect on changes
in the high-employment budget.

Table 1.—Revisions in Estimates of the HighEmployment Surplus or Deficit, Selected
Quarters
[Billions of dollars, seasonally adjusted annual rates]

Results
Revised estimates
Chart 4 shows the revised high-employment surplus or deficit from 1970
to the present, and the dollar estimates published in the November
1980 SURVEY. The chart shows two periods of substantial reduction ($5 billion or more) from the previously published estimates, one in 1974 and the
other in 1979 and the first half of
1980. In both periods, the main source
of reduction is the comprehensive revisions of the NIPA's. The 1974 reduction is due to the decreased severity
of the 1974-75 downturn in the reCHART 5

High-Employment Expenditures, Receipts, and Surplus/Deficit
as a Percentage of Potential GNP
Percentage of potential GNP
22

Expenditures
21

20

19

18

171 i i i I i i i I i i i I i i i I i i i I i i i I i i

1970

71

72

73

U.S. Department of Commerce, Bureau of Economic Analysis




74

75

76

77

78

79

80

81

Sources of
revisions

Revised
surplus/
deficit!-)

Previously
published
surplus/
deficit - )

1970:2
1970-3

-6.3
78

-5.4
-60

-0.9
18

-1.6
-24

0.7
6

1974-2
1974:3

-42
4.1

44
10.5

86
-6.4

-92
-6.7

6
.3

1979:3
1979-4
1980:1
1980-2

-2.7
-77
-18.3
-21.7

7.4
51
1.4
1.0

-10.1
128
-19.7
-22.7

-9.7
-12 1
-18.5
-22.6

-.4
7
-12
-.1

Date

Revisions

NIPA
revisions

Reestimated
equations
and
methodology
changes

vised NIPA's; this decreased severity
reduces the difference between the
actual budget and the high-employment budget. The 1979-80 reduction
is mainly due to downward revisions
in Federal receipts.
The high-employment surplus/deficit has fluctuated widely in recent
years. Chart 5 shows high-employment receipts, expenditures, and the
surplus/deficit, each expressed as a
percent of potential GNP, and provides some indication of the sources of
these fluctuations. From 1976 through
1981, high-employment receipts increased as a percent of potential GNP
in most quarters; the increase was
due to inflation throughout the period
and to the introduction of the windfall profits tax in 1980. This upward
movement was interrupted by tax
cuts in 1977 and at the end of 1981.
High-employment expenditures fluctuated around 21 percent of potential
GNP from 1975 through 1979, then
rose to 22 percent by 1981:1, and subsequently held at a ratio near 22 percent.
The sources of the revisions in the
high-employment budget for selected
quarters are shown in table 1. The
NIPA revisions were the major source
in all of the quarters shown. The remaining sources of revision—new
labor force data, methodological
changes, and reestimated equations—slightly raised the high-employment
surplus (lowered the deficit) in the
early 1970's and had the reverse
effect in recent years. The earlier
change is mainly due to a higher esti-

mate of the elasticity of social insurance contributions with respect to
covered wages and salaries; the recent
change, to a downward revision for
the last few years in the estimated
elasticity of personal taxes with respect to personal income. It should be
noted that the respecification of the
equations for estimating the share of
various types of income in GNP,
which was necessary in order to separate inflation-induced changes from
other changes, had very little impact
on total high-employment receipts.

Sources of Quarterly Change in High-Employment Surplus/Deficit

-20 -

-40-

i i l l i i i I i l l I i i i I i i i I t i i I t < i I i i t I i i i I i i i I i i

20
AUTOMATIC INFLATION

I I I

Sensitivity to potential GNP
Potential GNP, an estimate of the
output the economy could produce at
an assumed high-employment unemployment rate, has a strong influence
on the level of the high-employment
surplus/deficit and a weaker influence on its changes. Because there is
a wide range of plausible estimates of
potential GNP, it is useful to measure
the sensitivity of the high-employment budget to the level and rate of
growth of potential GNP.
The assumed high-employment unemployment rate underlying the estiCHART 6 mates of potential GNP used in this
article is 5.1 percent for 1975-81
(table 2). Had the assumed rate been
6 percent, potential GNP would be
lower by about 1.3 percent. A 6-percent high-employment unemployment
rate would increase the high-employment deficits in 1978 from $15.1 billion to $25.8 billion, in 1979 from $2.1
billion to $14.3 billion, and in 1980
from $20.3 billion to $33.7 billion. As
a percent of potential GNP, the 1978
deficit would increase from 0.7 percent to 1.2 percent, the 1979 deficit
from 0.1 percent to 0.6 percent, and
the 1980 deficit from 0.7 percent to
1.2 percent.
The estimated rate of growth of
constant-dollar potential GNP is 2.9
t I
percent per year since the first quarter of 1979, and slightly higher in
1977-78. Had the estimated growth
since 1977:1 been 0.5 percentage
points higher per year, the high-employment deficit would have been
lower by $1.9 billion in 1977:4, $5.1
billion in 1978:4, $9.0 billion in 1979:4,
and $13.4 billion in 1980:4.
Automatic inflation effects
The separation of changes in the
high-employment budget into a component due to the automatic inflation
effects and a component due to discretionary policy changes and other factors is shown in table 4 and chart 6.
The decomposition of changes in,
rather than the levels of, the high-employment surplus or deficit avoids the
need for choosing a "normal" or
"equilibrium" price level from which
to measure the deviation of the actual
price level—a choice that would necessarily be arbitrary.

(The new income share equations are
described in the methodology section.)
Table 2 shows revised unemployment rate gaps and GNP gaps underlying the high-employment budget estimates. The GNP gap, a key concept
in converting the actual budget to a
high-employment budget, equals potential GNP less actual GNP, divided
by potential GNP. Table 3 shows revised actual and high-employment receipts, expenditures, and the surplus
or deficit in billions of dollars and as
a percentage of GNP.

Billion $

60

23

SURVEY OF CURRENT BUSINESS

April

i i i

40
DISCRETIONARY POLICY AND OTHER FACTORS

20

-20

-40

-fin I i i i 1 i i i I i i i I i i i I i i i I i i i I i i i I i i i I i i i I i i i I i i i I i i i
1970

71

72

73

U.S. Department of Commerce, Bureau of Economic Analysis




74

75

76

77

78

79

80

81

(text continued on p. 24)

24
In chart 6, which shows changes in
the high-employment surplus/deficit,
areas above zero (shaded by diagonal
lines) represent periods of movement
toward surplus, and areas below zero
(shaded by dots) represent periods of
movement toward deficit. Changes in
the total high-employment surplus/
deficit, shown in the top panel of the
chart, have fluctuated widely, sometimes moving toward deficit and
sometimes toward surplus. The inflation-induced component, shown in the
middle panel of the chart, has nearly
always moved toward surplus. This
component has been increasingly irregular since 1975, largely due to periodic inflation adjustments of social
security and pay of Federal employees.
The remaining component, reflecting discretionary policy changes and
other factors, shown in the bottom
panel of the chart, has usually moved
toward deficit, especially since 1976.
The three periods since 1976 in which
the total has moved toward deficit—
mid-1977, mid-1979 to mid-1980, and
late 1981—have all been periods of
marked movements toward deficit in
the discretionary and other component. The periods in which the total
has moved toward surplus—early
1977, late 1977 to mid-1979, and late
1980 to mid-1981—have all been periods of marked movement toward surplus in the inflation component.

SURVEY OF CURRENT BUSINESS
effect, largely due to corporate profits
taxes. Corporate profits before taxes,
which are an approximation of the
tax base, typically rise with an increase in the rate of inflation before
falling back toward their average
share of national income. Other receipts—personal taxes, contributions
for social insurance, and indirect business taxes—rise more slowly, but are
responsible for most of the effect of
the increase in the rate of inflation
on receipts beyond four quarters. The
expenditure column on the left side of
the table shows an irregular pattern
of response, mainly because of once-ayear adjustments in social security
benefits and Federal pay. The effects
on expenditures are always smaller
than the effects on receipts.
The cumulative effects of a one percentage point increase in the inflation
rate, shown on the right side of the
table, grow steadily. At the end of
four quarters, the higher inflation
rate adds $4.4 billion to the high-employment surplus. At the end of 8 and
12 quarters, the corresponding increases are $8.7 billion and $13.3 billion, respectively.
Table 6 shows the results of a
second simulation that incorporates
automatic indexation of the Federal
personal income tax—that is, automatic increases in personal exemptions and tax brackets in proportion
to increases in a price index.4 In
other respects this simulation follows
the same procedures as the simulation shown in table 5. Indexation
would greatly reduce the response of
personal tax receipts to inflation.
However, it would not eliminate the
tendency of inflation to move the Federal budget toward surplus. The cumulative effect on the high-employment surplus after 12 quarters is estimated at $8.5 billion, compared to
$13.3 billion without indexation.

Two simulations of an increase in the
rate of inflation
A useful calculation based on the
new methodology is a simulation of
the automatic effects of increasing the
rate of inflation one percentage point
(at an annual rate) above actual inflation. Table 5 shows the results of such
a simulation beginning in the second
quarter of 1977; results for other
recent beginning dates would be proportional to the size of the Federal Inflation Effects: Methodology
budget, but otherwise similar to those
in table 5. The left side of table 5
For several reasons, the Federal
shows the effects of this increase in budget responds automatically to
the inflation rate on quarterly price changes: (1) most taxes are
changes in Federal receipts and expenditures; the right side of the table
The Economic Recovery Tax Act of 1981 provides
cumulates these changes to show the for4.indexation
of the personal income tax beginning in
effects on levels of receipts and ex- 1985. In the simulation, indexation is incorporated by
assuming that the elasticity of personal income tax rependitures.
with respect to inflation-induced changes in
The receipts column on the left side ceipts
income is 1.0, instead of the much higher values (1.67
of the table shows a large initial to 1.72) used in the first simulation.




April

levied on dollar amounts of income,
payrolls, or sales, and these tax bases
tend to rise when the general price
level rises; (2) several expenditures
programs — social security is by far
the largest — have been linked explicitly in recent years to movements in a
price index; (3) other expenditures
categories, such as medicare, although
not linked explicitly to a price index,
rise without any discretionary action
when prices rise; and (4) Federal interest payments depend on interest
rates which tend to change with
changes in the rate of inflation. This
section describes the ways in which
these factors are quantified to yield a
measure of the automatic effect of
current and past inflation on the Federal budget. The discussion first
covers the inflation adjustments to receipts, then those to expenditures.
Receipts
The sensitivity of Federal receipts
to inflation depends on (1) the sensitivity of tax bases, such as corporate
profits or wages and salaries, to inflation, and (2) the response of taxes to
inflation-induced changes in these
bases. The latter element can be expressed in the form of inflation elasticities — ratios of percent changes in
tax receipts to percent changes in tax
bases due to inflation — for each category of receipts. The basic approach,
for each category of receipts, is summarized in equation (1).
(1)

where:
AT t *=the current change in highemployment receipts attributable to
inflation;
Tt-i=last quarter's high-employment
receipts;
AB t *=the current change in the highemployment tax base attributable to
current and past inflation;
Bt-i=last quarter's high-employment tax
base;
17 = the inflation elasticity.

The equation shows that calculating
the sensitivity of receipts to inflation,
AT*, requires estimates of inflationinduced changes in the tax base, AB*,
and of the inflation elasticity, TJ. The
following sections explain how these
estimates are constructed.
(text continued on p. 29)

SURVEY OF CURRENT BUSINESS

April

25

Table 2.—High-Employment and Actual Unemployment Rate and GNP
GNP

Unemployment rate
Percent
Year and quarter

1955
1956
1957
1958
1959

Highemployment

Actual

(1)

(2)

4.0
4.0
4.0
4.0
4.1

Unemployment rate

Billions of dollars
Gap
(l)-(2)

Highemployment
(potential)

Actual

GNP

Percent

Billions of dollars

Year and quarter

Gap
(4H5)
(4)

4.4
4.1
4.3
6.8
5.5

(3)
-0.4
-.1
-.3
28
-1.4

(4)
397.5
424.4
454.0
477.6
506.0

(5)
400.0
421.7
444.0
449.7
487.9

(6)
-0.6
.6
2.2
5.9
3.6

1966:
I
II
III
IV

Highemployment

Actual

Gap
(1M2)

Highemployment
(potential)

Actual

(1)

(2)

(3)

Gap
(4H5)
(4)

(4)

(5)

4.5
4.5
4.5
4.5

3.9
3.8
3.8
3.7

0.6
.7
.7
.8

719.2
734.4
745.3
759.6

738.5
750.0
760.6
774.9

-2.7
-2.1
21
-2.0

(6)

1960
1961
1962
1963
1964

4.2
4.2
4.2
4.3
4.3

5.5
6.7
5.5
5.7
5.2

-1.3
25
-1.3
-1.4
9

532.0
555.4
585.3
616.2
649.7

506.5
524.6
565.0
596.7
637.7

4.8
5.6
3.5
3.2
1.8

1967:
I
II
Ill
IV

4.4
4.4
4.4
4.5

3.8
3.8
3.8
3.9

.6
.6
.6
.5

771.5
781.1
795.7
811.2

780.7
788.6
805.7
823.3

12
-1.0
-1.3
15

1965
1966
1967
1968
1969

4.4
4.5
4.4
4.5
4.6

4.5
3.8
3.8
3.6
3.5

-.1
.7
.6
.9
1.1

689.8
739.6
789.9
854.2
930.5

691.1
756.0
799.6
873.4
944.0

-.2
22
-1.2
-2.2
-1.5

1968:
I
II
III
IV

4.5
4.5
4.5
4.5

3.7
3.5
3.5
3.4

.7
.9
1.0
1.1

828.8
846.4
861.1
880.7

841.2
867.2
884.9
900.3

15
25
28
-2.2

1970
1971
1972
1973
1974

4.7
4.8
4.9
4.9
5.0

4.9
5.9
5.6
4.9
5.6

_ 2
-LI
7
0
-.6

1,015.5
1,104.4
1,191.6
1,305.3
1,468.8

992.7
1,077.6
1,185.9
1,326.4
1,434.2

2.2
2.4
.5
-1.6
2.3

1969:
I
II
III
IV

4.6
4.6
4.6
4.6

3.4
3.4
3.6
3.6

1.2
1.1
1.0
1.0

898.9
918.9
941.9
962.5

921.2
937.4
955.3
962.0

-2.5
-2.0
14
0

1975
1976
1977
1978
1979

5.1
5.1
5.1
5.1
5.1

8.5
7.7
7.1
6.1
5.8

-3.4
-2.6
-2.0
10
-.7

1,657.9
1,803.5
1,973.4
2,189.3
2,449.3

1,549.2
1,718.0
1,918.0
2,156.1
2,413.9

6.6
4.7
2.8
1.5
1.4

1970:
I
II
III
IV .

4.6
4.7
4.7
4.7

4.2
4.8
5.2
5.8

.4
-.1
-.5
11

984.9
1,006.7
1,023.6
1,046.7

972.0
986.3
1,003.6
1,009.0

1.3
2.0
2.0
3.6

1980
1981

5.1
5.1

7.1
7.6

20
-2.5

2,747.2
3,087.3

2,626.1
2,925.5

4.4
5.2

1955:
I
II
III
IV

1971:
I
II
Ill
IV

4.7
4.8
4.8
4.8

5.9
5.9
6.0
6.0

-1.2
-1.1
-1.2
-1.2

1,071.4
1,095.9
1,115.1
1,135.2

1,049.3
1,068.9
1,086.6
1,105.8

2.1
2.5
2.6
2.6

4.0
4.0
4.0
4.0

4.7
4.4
4.1
4.2

-.7
-.4
-.1
-.2

388.7
394.6
404.8
406.3

388.2
396.2
404.8
411.0

.1
-.4
0
-1.2

4.8
4.9
4.9
4.9

5.8
5.7
5.6
5.3

-1.0

1956:
I
II
Ill
IV

1972:
I
II
Ill
IV

-.7
-.4

1,160.9
1,179.5
1,200.0
1,226.2

1,142.4
1,171.7
1,196.1
1,233.5

1.6
.7
.3
-.6

4.0
4.0
4.0
4.0

4.0
4.2
4.1
4.1

0
.2
-.1
-.1

413.2
420.2
428.5
436.0

412.8
418.4
423.5
432.1

.1
.4
1.2
.9

Ill
IV

4.9
4.9
4.9
5.0

5.0
4.9
4.8
4.8

-.1
0
.1
.2

1,254.1
1,287.1
1,320.3
1,359.7

1,283.5
1,307.6
1,337.7
1,376.7

2.3
16
1.3
-1.3

IV

4.0
4.0
4.0
4.0

4.0
4.1
4.2
4.9

0
-.1
2
-.9

444.6
450.2
458.4
463.0

440.2
442.3
449.4
444.0

1.0
1.8
2.0
4.1

1958:
I
II
Ill
IV

1974:
I
II
HI
IV

5.0
5.0
5.0
5.0

5.1
5.2
5.6
6.6

-.1
-.2
-.6
-1.6

1,395.4
1,441.8
1,491.4
1,546.8

1,387.7
1,423.8
1,451.6
1,473.8

.6
1.2
2.7
4.7

4.0
4.0
4.0
4.1

6.3
7.4
7.3
6.4

23
-3.3
3.3
-2.3

468.8
474.0
480.7
487.1

436.8
440.7
453.9
467.0

6.8
7.0
5.6
4.1

1975:
I

8.2
8.9
8.5
8.3

3.2

1959:
I
II
Ill
IV

5.0
5.1
5.1
5.1

1,599.9
1,633.7
1,676.6
1,721.4

1,479.8
1,516.7
1,578.5
1,621.8

7.5
7.2
5.9
5.8

4.1
4.1
4.1
4.1

5.8
5.1
5.3
5.6

17
-1.0
1.2
-1.5

495.4
503.5
509.7
515.5

477.0
490.6
489.0
495.0

3.7
2.6
4.1
4.0

1976:
I

1960:
I
II
Ill
IV

5.1
5.1
5.1
5.1

7.7
7.6
7.7
7.8

1,751.2
1,781.9
1,818.5
1,862.5

1,672.0
1,698.6
1,729.0
1,772.5

4.5
4.7
4.9
4.8

4.1
4.1
4.2
4.2

5.2
5.2
5.6
6.3

10
-1.1
1.4
2.1

523.2
528.6
535.5
540.9

506.9
506.3
508.0
504.8

3.1
4.2
5.1
6.7

1977:
I

1961:
I
II
Ill
IV

5.1
5.1
5.1
5.1

7.5
7.1
6.9
6.6

1.8
-1.5

1,904.4
1,952.2
1,994.7
2,042.3

1,839.1
1,893.9
1,950.4
1,988.6

3.4
3.0
2.2
2.6

4.2
4.2
4.2
4.2

6.8
7.0
6.8
6.2

-2.6
2.8
-2.6
-2.0

544.8
552.2
559.4
565.1

508.2
519.2
528.2
542.6

6.7
6.0
5.6
4.0

1978:
I
Ill
IV

5.1
5.1
5.1
5.1

6.3
6.0
6.0
5.9

-1.2
-.9
-.9
7

2,088.4
2,159.7
2,218.8
2,290.1

2,032.4
2,129.6
2,190.5
2,271.9

2.7
1.4
1.3
.8

4.2
4.2
4.2
4.2

5.6
5.5
5.6
5.5

-1.4
-1.3
1.4
-1.3

574.7
581.7
587.9
597.1

554.2
562.7
568.9
574.3

3.6
3.3
3.2
3.8

1963:
I
II
Ill
IV

-1.6
1.4
1.2
— 1.3

605.3
611.4
618.9
629.3

582.0
590.7
601.8
612.4

3.8
3.4
2.8
2.7

5.9
5.7
5.8
6.0

.7
-.6
-.7
-.8

2,353.9
2,416.1
2,4-79.9
2,547.2

5.8
5.7
5.5
5.6

5.1
5.1
5.1
5.1

2,340.6
2,374.6
2,444.1
2,496.3

.6
1.7
1.4
2.0

4.2
4.2
4.3
4.3

1979:
I
II
HI
IV

1964:
I
II
Ill
IV

1980:
I
II
III
IV

5.1
5.1
5.1
5.1

6.3
7.3
7.6
7.5

1.1
22
-2.5
23

2,623.1
2,704.4
2,784.5
2,876.8

2,571.7
2,564.8
2,637.3
2,730.6

2.0
5.2
5.3
5.1

4.3
4.3
4.4
4.4

5.5
5.2
5.0
5.0

1.2
-.9
-.6
-.6

636.9
644.9
654.6
662.6

625.3
634.0
642.8
648.8

1.8
1.7
1.8
2.1

1965:
I
II
Ill
IV

1981:
I
II
Ill
IV

5.1
5.1
5.1
5.1

7.4
7.4
7.4
8.3

-2.3
-2.3
-2.3
-3.3

2,965.7
3,033.3
3,127.8
3,222.6

2,853.0
2,885.8
2,965.0
2,998.3

3.8
4.9
5.2
7.0

4.4
4.4
4.4
4.4

4.9
4.7
4.4
4.1

.5
-.3
.1
.3

674.6
684.3
694.9
705.3

668.8
681.7
696.4
717.2

.8
.4
-.2
-1.7

1957:
I
II

1962:
I
II
HI
IV

. . .

1973:
I

Ill
IV

Ill
IV

Ill
IV

Source: Council of Economic Advisers, Bureau of Labor Statistics, and Bureau of Economic Analysis.

371-676 0 - 8 2 - 4




qQ

3.4
-3.2
2.7

9 t\

2.6
-2.7
2.4

9 ft

26

SURVEY OF CURRENT BUSINESS

April

Table 3.—Actual and High-Employment Federal Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates]
Actual

High-Employment

Expenditures

Receipts
Amount

Percentage of
GNP

Amount

Percentage of
GNP

72.6
78.0
81.9
78.7
89.8

18.2
18.5
18.4
17.5
18.4

68.1
71.9
79.6
88.9
91.0

17.0
17.1
17.9
19.8
18.7

96.1
98.1
106.2
114.4
114.9

19.0
18.7
18.8
19.2
18.0

93.1
101.9
110.4
114.2
118.2

124.3
141.8
150.5
174.4
196.9

18.0
18.8
18.8
20.0
20.9

191.9
198.6
227.5
258.6
287.8

Surplus or deficit( — )
Percentage of
GNP

4.4
6.1
2.3
-10.3
11

18.4
19.4
19.5
19.1
18.5

123.8
143.6
163.7
180.5
188.4

19.3
18.4
19.2
19.5
20.1

287.3
331.8
375.1
431.5
494.4

Receipts

Expenditures

Surplus or deficit( — )

Amount

Percentage of
GNP 1

Amount

Percentage of
GNP 1

1.1
1.4
.5
23
-.2

73.1
79.8
85.6
86.8
95.3

18.4
18.8
18.9
18.2
18.8

67.9
71.9
79.5
86.8
89.9

17.1
16.9
17.5
18.2
17.8

5.2
7.9
6.1
0
5.4

1.3
1.9
1.4
0
1.1

3.0
39
-4.2
.3
-3.3

.6
-.7
-.7
.1
5

104.0
107.1
112.3
120.5
118.6

19.6
19.3
19.2
19.6
18.2

92.0
100.0
109.3
113.0
117.5

17.3
18.0
18.7
18.3
18.1

12.1
7.1
3.0
7.4
1.1

2.3
1.3
.5
1.2
.2

17.9
19.0
20.5
20.7
20.0

.5
-1.8
-13.2
60
8.4

.1
2
-1.7
-.7
.9

124.5
138.4
149.0
170.2
194.3

18.1
18.7
18.9
19.9
20.9

123.7
144.0
164.1
181.2
189.4

17.9
19.5
20.8
21.2
20.4

.9
-5.6
15 1
-11.0
4.9

.1
-.8
-1.9
-1.3
.5

204.3
220.6
244.3
264.2
299.3

20.6
20.5
20.6
19.9
20.9

124
-22.0
-16.8
-5.6
-11.5

-1.2
-2.0
14
-.4
-.8

199.7
206.7
230.0
253.9
298.2

19.7
18.7
19.3
19.5
20.3

204.3
218.0
242.1
263.5
298.5

20.1
19.7
20.3
20.2
20.3

-4.6
-11.3
-12.1
-9.5
-.3

— .5
-1.0
10
_7

18.5
19.3
19.6
20.0
20.5

356.6
384.8
421.5
460.7
509.2

23.0
22.4
22.0
21.4
21.1

-69.3
-53.1
-46.4
-29.2
-14.8

-4.5
-3.1
24
-1.4
6

316.8
356.3
391.5
441.2
504.1

19.1
19.8
19.8
20.2
20.6

346.0
373.6
413.1
456.3
506.2

20.9
20.7
20.9
20.8
20.7

29 i
-17.4
-21.7
-15.1
-2.1

-1.8
-1.0
11
-.7
— .1

540.8
626.1

20.6
21.4

602.0
688.4

22.9
23.5

-61.2
623

-2.3
-2.1

573.4
671.6

20.9
21.8

593.6
674.2

21.6
21.8

-21.3
26

-.7
1

1955:
I
II
HI
IV

69.7
71.6
73.6
75.5

18.0
18.1
18.2
18.4

67.9
66.7
68.9
69.0

17.5
16.8
17.0
16.8

1.8
4.9
4.8
6.5

0.5
1.2
1.2
1.6

71.0
72.5
73.6
75.3

18.3
18.4
18.4
18.5

67.4
66.5
68.8
68.9

17.3
16.8
17.2
17.0

3.6
6.1
4.8
6.4

0.9
1.5
1.2
1.6

1956:
I
II
HI
IV

76.0
77.6
77.6
80.5

18.4
18.5
18.3
18.6

69.4
71.8
72.4
74.2

16.8
17.2
17.1
17.2

6.6
5.8
5.2
6.3

1.6
1.4
1.2
1.5

77.3
79.2
80.1
82.6

18.7
18.9
18.7
18.9

69.4
71.7
72.3
74.1

16.8
17.1
16.9
17.0

7.9
7.5
7.8
8.5

1.9
1.8
1.8
1.9

1957:
I
II
HI
IV

82.7
82.5
82.6
79.6

18.8
18.7
18.4
17.9

78.1
79.8
79.8
81.0

17.7
18.0
17.8
18.2

4.6
2.8
2.8
-1.3

1.0
.6
.6
-.3

84.9
85.7
86.0
85.8

19.1
19.0
18.8
18.5

78.1
79.8
79.7
80.4

17.6
17.7
17.4
17.4

6.8
5.9
6.3
5.5

1.5
1.3
1.4
1.2

1958:
I
II
HI
IV

76.0
75.9
79.5
83.0

17.4
17.2
17.5
17.8

83.5
87.8
91.6
93.0

19.1
19.9
20.2
19.9

75
-11.9
-12.1
-10.0

17
-2.7
27
-2.1

85.6
85.6
87.2
88.7

18.3
18.1
18.1
18.2

81.8
85.1
89.1
91.2

17.5
18.0
18.5
18.7

3.8
.5
-1.9
25

.8
.1

-'.5

1959:
I
II
HI
IV

87.6
91.6
89.8
90.4

18.4
18.7
18.4
18.3

90.5
89.9
91.5
91.9

19.0
18.3
18.7
18.6

29
1.6
17
-1.5

-.6
.3
3
-.3

92.9
95.6
96.1
96.7

18.8
19.0
18.9
18.8

89.2
89.1
90.6
90.8

18.0
17.7
17.8
17.6

3.7
6.5
5.5
5.9

.8
1.3
1.1
1.1

1960:
I
II
HI
IV

97.9
96.4
95.7
94.6

19.3
19.0
18.8
18.7

90.2
92.3
94.2
95.7

17.8
18.2
18.5
19.0

7.6
4.2
1.4
-1.1

1.5
.8
.3
2

103.2
103.4
104.1
105.4

19.7
19.6
19.4
19.5

89.4
91.4
93.1
94.0

17.1
17.3
17.4
17.4

13.8
12.0
11.1
11.4

2.6
2.3
2.1
2.1

1961:
I
II
HI
IV

94.5
96.6
98.9
102.2

18.6
18.6
18.7
18.8

98.9
101.7
102.8
104.4

19.5
19.6
19.5
19.2

-4.3
-5.1
39
-2.2

-.8
-1.0
7
-.4

105.4
106.3
108.0
108.7

19.3
19.2
19.3
19.2

96.8
99.4
100.8
102.9

17.8
18.0
18.0
18.2

8.6
6.9
7.1
5.9

1.6
1.2
1.3
1.0

1962:
I
II
Ill
IV

103.3
105.1
107.5
108.8

18.6
18.7
18.9
18.9

109.0
109.2
110.7
112.8

19.7
19.4
19.5
19.6

56
-4.1
-3.2
4.0

10
-.7
-.6
_ y

109.3
110.8
113.3
115.8

19.0
19.0
19.3
19.4

107.8
108.1
109.6
111.7

18.8
18.6
18.6
18.7

1.5
2.7
3.8
4.1

.3
.5
.6
.7

1963:
I
II
HI
IV

111.6
114.1
115.3
116.6

19.2
19.3
19.2
19.0

113.5
112.2
114.1
116.8

19.5
19.0
19.0
19.1

-1.9
1.9
1.2
-.2

-.3
.3
.2
0

118.9
120.6
120.6
121.8

19.6
19.7
19.5
19.4

112.3
111.0
113.1
115.8

18.5
18.2
18.3
18.4

6.6
9.5
7.6
6.1

1.1
1.6
1.2
1.0

1964:
I
II
HI
IV

115.4
112.1
115.2
117.0

18.5
17.7
17.9
18.0

118.3
118.8
117.6
118.0

18.9
18.7
18.3
18.2

-3.0
67
-2.4
-1.0

-.5
-1.1
-.4
.2

119.0
115.3
118.8
121.2

18.7
17.9
18.1
18.3

117.4
118.0
117.0
117.5

18.4
18.3
17.9
17.7

1.6
-2.7
1.8
3.7

.3
-.4
.3
.6

1965:
I
II
HI
IV

122.7
124.4
123.1
127.1

18.3
18.2
17.7
X7.7

118.2
120.4
126.1
130.5

17.7
17.7
18.1
18.2

4.6
3.9
3.0
-3.4

.7
.6
4
-^5

124.8
125.6
123.2
124.6

18.5
18.4
17.7
17.7

117.8
120.2
126.1
130.6

17.5
17.6
18.1
18.5

7.0
5.5
-2.8
-6.1

1.0
.8
— 4
-'.9

1955
1956
1957
1958
1959
I960 .
1961
1962
1963
1964

.
.

. . .

.

1965
1967
1968
1969
1970
1971
1972
1973
1974

..

1975
1976
1977
1978
1979

.

.

1980
1981

.,

.




Amount

Amount

Percentage of
GNP 1

o'

A

27

SURVEY OF CURRENT BUSINESS

April

Table 3.—Actual and High-Employment Federal Receipts and Expenditures—Continued
[Billions of dollars, seasonally adjusted at annual rates]
High-Employment

Actual
Receipts
Year and quarter

Expenditures

Surplus or deficit
(—)

Amount

Percentage of
GNP

Amount

Percentage of
GNP

1966:
I
II
HI
IV

136.5
141.3
143.7
145.9

18.5
18.8
18.9
18.8

135.8
140.0
146.9
151.8

18.4
18.7
19.3
19.6

.6
1.3
-3.2
-5.9

1967:
I
II
HI
IV

147.0
147.6
151.5
155.9

18.8
18.7
18.8
18.9

159.9
160.9
165.1
168.9

20.5
20.4
20.5
20.5

163.6
168.8
180.0
185.4

19.4
19.5
20.3
20.6

173.4
180.9
182.6
185.1

195.4
198.5
196.3
197.2

21.2
21.2
20.5
20.5

192.7
194.3
190.7
189.8

Expenditures

Receipts

Surplus or deficit
(—)

Percentage of
GNP

Amount

Percentage of
GNP 1

Amount

Percentage of
GNP 1

.1
.2
— 4

-is

132.1
138.0
140.6
142.8

18.4
18.8
18.9
18.8

136.1
140.3
147.3
152.3

18.9
19.1
19.8
20.0

-12.9
-13.2
136
-13.0

-1.7
-1.7
17
-1.6

145.6
146.7
149.9
153.8

18.9
18.8
18.8
19.0

160.3
161.4
165.6
169.3

20.8
20.7
20.8
20.9

-14.7
-14.7
-15.7
-15.5

-1.9
-1.9
-2.0
-1.9

20.6
20.9
20.6
20.6

-9.8
-12.2
-2.6
.3

-1.2
-1.4
-.3
0

161.3
164.2
174.4
181.1

19.5
19.4
20.2
20.6

173.9
181.6
183.3
186.0

21.0
21.5
21.3
21.1

-12.6
174
-9.0
-4.9

-1.5
-2.1
-1.0
-.6

184.0
187.1
189.8
192.9

20.0
20.0
19.9
20.1

11.4
11.5
6.5
4.3

1.2
1.2
.7
.4

190.1
194.4
193.9
199.0

21.1
21.2
20.6
20.7

185.0
188.0
190.7
193.8

20.6
20.5
20.2
20.1

5.1
6.3
3.2
5.1

.6
.7
.3
.5

19.8
19.7
19.0
18.8

193.9
207.4
205.7
210.3

19.9
21.0
20.5
20.8

-1.3
131
-14.9
-20.4

-.1
13
-1.5
-2.0

198.0
201.7
197.6
201.6

20.1
20.0
19.3
19.3

194.8
207.9
205.4
209.1

19.8
20.7
20.1
20.0

3.1
-6.3
-7.8
-7.6

.3
-.6
-.8
7

194.9
197.1
198.6
203.7

18.6
18.4
18.3
18.4

213.4
220.8
222.3
225.9

20.3
20.7
20.5
20.4

-18.5
237
-23.7
-22.2

-1.8
22
-2.2
-2.0

201.9
205.3
207.0
212.4

18.8
18.7
18.6
18.7

211.3
218.2
219.5
223.0

19.7
19.9
19.7
19.6

-9.4
-12.9
-12.4
-10.6

9
-1.2
-1.1
-.9

223.0
224.2
227.6
235.3

19.5
19.1
19.0
19.1

235.8
244.0
238.1
259.4

20.6
20.8
19.9
21.0

-12.8
-19.8
-10.5
-24.1

11
-1.7
— 9
-2.0

229.1
227.2
229.5
234.2

19.7
19.3
19.1
19.1

233.0
241.4
236.1
257.8

20.1
20.5
19.7
21.0

39
-14.2
66
-23.6

-.3
-1.2
-.5
-1.9

252.1
255.6
259.7
267.2

19.6
19.5
19.4
19.4

260.7
262.8
262.3
271.2

20.3
20.1
19.6
19.7

86
-7.1
26
-4.0

7
-.5
-.2
-.3

245.0
251.1
256.0
263.7

19.5
19.5
19.4
19.4

259.4
261.8
261.8
270.9

20.7
20.3
19.8
19.9

-14.4
-10.7
-5.8
-7.2

-1.1
-.8
4
-.5

274.8
284.6
296.6
295.3

19.8
20.0
20.4
20.0

279.6
295.2
305.0
317.6

20.1
20.7
21.0
21.5

47
-10.6
-8.4
-22.4

-.3
-.7
-.6
-1.5

277.9
290.5
308.4
316.0

19.9
20.2
20.7
20.4

279.4
294.7
304.3
315.7

20.0
20.4
20.4
20.4

288.2
254.5
298.7
307.9

19.5
16.8
18.9
19.0

333.6
353.6
365.3
374.0

22.5
23.3
23.1
23.1

-45.5
-99.0
-66.6
661

-3.1
-6.5
-4.2
41

321.7
283.4
326.1
335.9

20.1
17.3
19.5
19.5

327.6
341.8
352.7
361.6

20.5
20.9
21.0
21.0

-5.8
-58.4
-26.5
-25.7

-.4
-3.6
-1.6
15

320.0
327.5
335.9
343.6

19.1
19.3
19.4
19.4

376.3
375.7
387.4
399.9

22.5
22.1
22.4
22.6

-56.3
-48.2
-51.6
-56.3

-3.4
-2.8
-3.0
-3.2

342.9
351.5
361.5
369.2

19.6
19.7
19.9
19.8

363.9
364.2
376.7
389.8

20.8
20.4
20.7
20.9

210
-12.7
-15.2
-20.6

-1.2
-.7
8
-1.1

364.9
370.2
376.5
389.0

19.8
19.5
19.3
19.6

403.1
412.9
428.6
441.5

21.9
21.8
22.0
22.2

-38.1
-42.7
-52.2
-52.5

-2.1
23
27
-2.6

384.5
387.4
389.6
404.5

20.2
19.8
19.5
19.8

393.3
404.3
420.8
434.2

20.7
20.7
21.1
21.3

-8.9
-16.9
-31.2
29.7

-1.6
-1.5

1978:
I
II
Ill
IV

398.6
423.6
440.9
462.7

19.6
19.9
20.1
20.4

447.4
451.1
463.7
480.6

22.0
21.2
21.2
21.2

-48.8
-27.4
-22.8
179

-2.4
-1.3
-1.0
8

414.4
432.6
449.3
468.3

19.8
20.0
20.2
20.4

441.7
446.7
459.5
477.1

21.1
20.7
20.7
20.8

-27.2
14.2
-10.2
-8.8

1.3
-.7
-.5
-.4

1979:
I
II
Hi
IV

477.0
485.9
500.6
514.0

20.4
20.5
20.5
20.6

488.4
494.0
515.8
538.6

20.9
20.8
21.1
21.6

-11.5
-8.1
-15.2
-24.5

-.5
.3
-.6
-1.0

481.0
497.1
510.4
527.8

20.4
20.6
20.6
20.7

484.9
491.3
513.1
535.5

20.6
20.3
20.7
21.0

-3.8
5.8
2.7
-7.7

-.2
.2
.1
-.3

528.4
520.9
540.8
573.2

20.5
20.3
20.5
21.0

564.7
587.3
615.0
641.1

22.0
22.9
23.3
23.5

-36.3
-66.5
74.2
-67.9

-1.4
-2.6
2.8
-2.5

542.3
557.5
580.1
613.5

20.7
20.6
20.8
21.3

560.6
579.3
604.4
630.3

21.4
21.4
21.7
21.9

-18.3
21.7
-24.2
-16.8

-.7
-.8
-.9
-.6

617.4
621.0
638.3
627.7

21.6
21.5
21.5
20.9

664.0
668.2
694.0
727.2

23.3
23.2
23.4
24.3

46.6
-47.2
-55.7
-99.5

1.6
-1.6
1.9
-3.3

650.2
663.3
684.7
688.3

21.9
21.9
21.9
21.4

651.4
652.8
680.4
712.2

22.0
21.5
21.8
22.1

-1.3
10.6
4.3
-24.0

0
.3
.1
-.7

1968:
I
II
HI
IV
1969:
I
II
HI
IV

. ...

. . .
.

1970:
I
II
Ill
IV

.-.

1971:
I
II
Ill
IV

.
.

.

1972:
I
II
HI
IV

.. .

1973:
I
II
HI
IV
1974:
I
II
HI
IV

..

1975:
I
II
HI
IV
1976:
I
II
Ill
IV
1977:
I
II
III
IV

1980:
I
II
HI
IV
1981:
I
II
Ill
IV
1

Percentage of potential GNP.




.

. . . .

Amount

Amount

40
-2.3
-6.8
-9.5

-1.6
-4.2
4.1
.3

Percentage of
GNP 1
-.6
-.3
-.9
12

1
-.3
.3
0

-.5
9

28

SURVEY OF CURRENT BUSINESS

April

Table 4.—Sources of Quarterly Changes in High-Employment Receipts, Expenditures, and Surplus or Deficit
[Billions of dollars, seasonally adjusted at annual rates]

1955:
II
III
IV

Receipts

Due to discretionary policy changes
and other factors

Due to automatic inflation effects

Total
Year and quarter

Expenditures

Surplus or
deficit(-)

Receipts

Expenditures

Surplus or
deficit! -)

Expenditures

Receipts

Surplus or
deficit(-)

1.5
1.1
1.7

09
2.3
.1

2.5
-1.3
1.6

0.7
.5
.4

0
0
0

0.7
.5
.4

0.8
.6
1.2

-1.0
2.3
.1

1.8
-1.8
1.2

1956:
I
II
Ill
IV

2.0
1.9
.9
2.5

.5
2.3
.6
1.8

1.5
-.4
.3
.7

.8
.8
1.3
.8

0
0
0
0

.8
.8
1.3
.8

1.2
1.1
-.4
1.6

.5
2.3
.6
1.8

.7
12
-1.0
-.2

1957:
I
II
III
IV

2.3
.8
.3
-.2

4.0
1.7
-.1
.7

1.7
-.9
.4
-.8

1.1
-.2
.9
-.5

0
0
0
0

1.1
-.2
.9
5

1.2
.9
-.6
.3

4.0
1.6
1
.7

-2.8
7
-.5
-.3

1958:
I
II
III
IV

-.2
0
1.6
1.5

1.4
3.3
4.0
2.1

-1.7
-3.3
24
-.6

.1
— .2
!?
.4

0
0
0
0

0

2
.7
.4

3
.1
1.0
1.1

1.5
3.3
4.0
2.1

-1.7
-3.2
-3.0
-1.0

II
III
IV

4.2
2.7
.5
.6

20
1
1.5
.2

6.2
2.8
-1.0
.4

1.2
.9
.1
2

0
0
0
0

1.2
.9
.1
_2

3.0
1.7
.4
.8

-2.0
-.2
1.5
.2

5.0
1.9
-1.1
.7

1960:
I
II
HI
IV

6.5
.2
.7
1.3

-1.4
2.0
1.7
.9

7.9
18
-.9
.3

.6
-.2
.4
-.2

0
0
0
0

.6
-.2
.3
-.2

5.9
.4
.3
1.5

14
2.0
1.6
.9

7.3
-1.6
-1.3
.5

0

.9
1.7
.7

2.8
2.6
1.4
2.1

-2.8
-1.7
.2
-1.2

-.7
.6
.8
.1

0
0
0
0

7
.6
.8
.1

.6
.3
.9
.7

2.7
2.6
1.5
2.0

-2.1
-2.3
-.6
-1.3

.6
1.5
2.5
2.5

4.9
.3
1.5
2.1

-4.4
1.2
1.1
.3

1.4
.4
_i
'.S

0
0
0
0

1.3
.4
-.1
.8

8
1.1
2.6
1.6

4.9
.3
1.4
2.1

57
.8
1.2
-.5

3.1
1.7
0
1.2

.6
-1.3
2.1
2.7

2.5
2.9
19
-1.5

.6
-.3
.1
1.3

0
0
0

.6
-.3
.1
1.2

2.4
2.0
0
1

.5
-1.2
2.0
2.6

1.9
3.2
20
-2.7

1964:
I
II
HI
IV

-2.8
37
3.5
2.4

1.6
.6
-1.0
.5

-4.5
43
4.5
1.9

.3
.2
.7
.2

0
0
0
0

.3
.2
.7
.2

-3.1
39
2.7
2.2

1.6
.6
-1.0
.5

47
-4.5
3.7
1.7

1965:
I
II
Ill
IV

3.6
.8
24
1.4

.3
2.4
5.9
4.5

3.3
-1.5
-8.3
-3.3

1.5
.7
.8
.6

0
0
0

.1

1.4
.7
.8
.5

2.1
.1
32
.7

.3
2.4
5.9
4.5

1.9
22
-9.1
-3.7

1966:
I
II
III
IV

7.5
5.9
2.6
2.2

5.5
4.2
7.0
5.0

2.1
1.7
-4.5
-2.7

1.8
2.2
.6
1.5

0

.1
.1
.1

1.7
2.2
.6
1.4

5.8
3.6
1.9
.8

5.4
4.2
6.9
4.8

.4
6
-5.0
-4.1

1967:
I
II
III
IV

2.8
1.1
3.2
3.9

8.0
1.1
4.2
3.7

5.2
0
-1.0
.2

.7
0
1.6
2.3

.2

.5
1
1.5
2.2

2.1
1.1
1.6
1.6

7.8
.9
4.1
3.6

-5.7
.2
25
-2.0

1968:
I
II
HI
IV

7.5
2.9
10.2
6.7

4.6
7.7
1.7
2.7

2.9
4.8
8.4
4.1

2.8
2.5
1.2
2.9

.1
.3
.1
.2

2.7
2.2
1.0
2.7

4.7
.4
9.0
3.8

4.5
7.4
1.6
2.5

.2
-7.0
7.4
1.4

9.0
4.3
-.5
5.1

-1.0
3.0
2.7
3.1

10.0
1.2
-3.1
1.9

2.4
3.0
4.0
2.8

.3
.3
.2
.2

2.1
2.7
3.8
2.6

6.6
1.3
-4.5
2.2

-1.3
2.7
2.5
2.9

7.9
-1.5
70
.7

-1.0
3.7
-4.1
4.0

1.0
13.1
-2.5
3.7

-2.0
94
-1.5
.2

3.0
2.5
.7
2.7

.6
.1
-.4
.7

2.4
2.4
1.1
1.9

-4.0
1.2
-4.7
1.3

.4
13.0
22
3.0

44
-11.8
-2.6
-1.7

1971:
I
II
Ill
IV

.3
3.4
1.7
5.4

2.2
6.9
1.3
3.5

-1.8
-3.5
.5
1.8

3.7
3.3
.9
1.1

2.9
.3
.2
.4

.8
3.0
.7
.7

33
.1
.8
4.3

7
6.6
1.0
3.2

-2.6
-6.5
-.3
1.1

1972:
I
II
HI
IV

16.7
-1.9
2.3
4.7

10.0
8.4
-5.3
21.7

6.7
10.3
7.6
-17.0

3.2
1.1
1.4
3.5

2.9
-.5
.5
3.1

.3
1.6
.9
.4

13.4
-2.9
.9
1.1

7.1
8.9
-5.8
18.6

6.3
11 9
6.7
-17.4

...

1959:

1961:
I
II
Ill
IV

.

.
.

1962:
I
II
HI
IV
1963:
I
II
HI
IV

1969:
I
II
HI
IV

.
..

. .

1970:
I
II
III
IV




....

...

.

..

.1

.1
.1
.1

April

29

SURVEY OF CURRENT BUSINESS
Table 4.—Sources of Quarterly Changes in High-Employment Receipts, Expenditures, and Surplus or Deficit—Continued
[Billions of dollars, seasonally adjusted at annual rates]
Due to automatic inflation effects

Total
Year and quarter

Receipts

Expenditures

Surplus or
deficit (-)

Receipts

Expenditures

Due to discretionary policy changes
and other factors

Surplus or
deficit (-)

Receipts

Expenditures

Surplus or
deficit (-)

1973:
I
II
Ill
IV

10.8
6.1
4.9
7.7

1.6
2.4
0
9.1

9.2
3.7
4.9
-1.4

4.3
5.8
5.4
7.2

.5
1.3
1.4
3.3

3.8
4.5
4.0
3.9

6.5
.3
-.4
.4

1.1
1.1
-1.4
5.7

5.3
8
1.0
-5.3

1974:
I
II
Ill
IV

14.2
12.6
17.9
7.6

8.5
15.3
9.6
11.4

5.6
-2.6
8.3
-3.8

5.6
9.0
10.1
11.5

1.7
1.9
2.5
4.2

4.0
7.1
7.7
7.3

8.6
3.7
7.8
-3.9

6.9
13.4
7.1
7.3

1.7
-9.7
.6
-11.2

1975:
I
II
HI
IV

5.7
-38.3
42.7
9.8

11.9
14.2
10.9
8.9

-6.1
-52.6
31.9
.8

9.9
2.3
4.0
6.1

2.4
-1.4
6.8
2.6

7.6
3.7
28
3.6

42
-40.6
38.8
3.6

9.5
15.6
4.1
6.4

137
-56.3
34.7
-2.8

1976:
I
II
Ill
IV

7.0
8.6
10.0
7.7

2.3
.3
12.5
13.1

4.7
8.3
-2.5
54

1.5
1.4
4.1
7.5

-.5
1.4
6.2
3.7

2.0
0
21
3.8

5.5
7.2
5.9
.2

2.8
-1.1
6.2
9.4

2.7
8.3
4
-9.2

1977:
I
II
HI
IV

15.3
2.9
2.2
14.9

3.5
11.0
16.5
13.4

11.7
-8.0
-14.3
1.5

6.7
8.4
5.7
7.1

1.9
3.0
6.1
4.6

4.8
5.4
-.4
2.5

8.5
-5.4
-3.5
7.8

1.7
8.0
10.4
8.8

6.9
-13.5
-13.9
-1.0

1978:
I
II
Ill
IV

9.9
18.2
16.7
19.0

7.5
5.0
12.8
17.6

2.5
13.0
4.0
1.4

6.3
15.6
10.9
14.7

1.3
3.7
7.7
6.2

5.0
11.9
3.2
8.5

3.7
2.5
5.8
4.3

6.2
1.4
5.0
11.5

-2.5
1.1
.8
-7.2

1979:
I
II
Ill
IV

12.7
16.1
13.3
17.4

7.8
6.4
21.8
22.4

5.0
9.6
85
-5.0

11.1
10.4
10.2
11.9

2.6
.7
12.6
6.1

8.6
9.8
25
5.8

1.6
5.7
3.1
5.5

5.2
5.8
9.1
16.3

-3.6
-.2
-6.0
108

1980:
I
II
Ill
IV

14.5
15.2
22.6
33.4

25.1
18.7
25.1
25.9

-10.6
34
-2.5
7.4

14.8
16.4
15.5
19.1

3.1
3.5
19.2
11.6

11.6
12.8
-3.7
7.5

3
-1.1
7.1
14.3

22.0
15.1
5.9
14.3

-22.2
16.3
1.2
0

1981:
I
II
Ill
IV

36.7
13.1
21.4
3.6

21.1
1.4
27.6
31.8

15.5
11.9
63
-28.3

17.1
8.8
17.8
18.8

3.9
.8
20.2
8.9

13.2
8.0
24
9.9

19.5
4.4
3.5
-15.2

17.2
.5
7.5
23.0

2.3
3.8
-3.9
382

Income share equations.—Inflationinduced changes in the various tax
bases are estimated using a set of
equations that express changes in
components of GNP as a function of
changes in the GNP gap, changes in
the GNP implicit price deflator, and
the growth of potential GNP. The
components of GNP for which income
share equations are estimated are:
1. Wages and salaries
2. Other labor income and employer
contributions for social insurance
3. Corporate profits with inventory
valuation adjustment (IVA) and capital consumption adjustment (CCAdj)
4. Proprietors' income with IVA
and CCAdj
5. Rental income of persons with
CCAdj, and net interest
6. GNP less national income.
The equations are not based on a
theory of income shares, but are
simply a way of representing the em-




pirical relation of shares to cyclical where:
fluctuations, to inflation, and to the
S=an income share (e.g., wages and salaries);
GNP=GNP in current dollars;
non-cyclical rate of growth of the
GNPK72 = potential GNP in 1972 dollars;
economy.
GNPGAP=the GNP gap;
The dependent variable in each
PGNP=the implicit price deflator for GNP;
share equation is a change in an
a, bh b2, cb c2=estimated coefficients;
income component divided by lagged
t=the current quarter; t-1 a one-quarter lag,
GNP. The explanatory variables are
etc.
the percent change in potential real
GNP, changes in current and past
Table 7 shows the income share
GNP gaps, and percent changes in equations. The equations are estimatcurrent and past values of the GNP ed by ordinary least squares except
deflator. Algebraically,
for the coefficients of the change in
potential GNP. Because the estimated
percentage change in potential GNP
is constant over long periods of time,
ASt
/AGNPK72 t \
(2)
and because uncertainty about the
V GNPK72t_! /
true change in potential GNP is large
relative to the variance of the change,
+bi(AGNPGAPt)+l>2 2 (AGNPGAPt_i)
ordinary least squares estimates of
the coefficients of changes in potential GNP were felt to be unreliable.
Coefficients of potential GNP were estimated by taking the mean of each

SURVEY OF CURRENT BUSINESS

30

close to high-employment at its beginning and at its end. It was felt that
changes in shares during this period
were likely to reflect the effects of
growth in potential GNP rather than
inflation or cyclical changes.
The income share equations used in
the November 1980 article (p. 32) in
calculating the high-employment
budget related shares to current and

change-in-share variable for the
period 1956:1 to 1965:3, and dividing it
by the sum of the means for all the
shares so that the coefficients add to
1.0. Each coefficient of potential GNP
is thus proportional to the 1956-65
rate of growth of each share. The
period 1956-65 was selected because
there was little inflation during the
period and because the economy was

Table 5.—Simulation of the Effect of a One Percentage Point Increase in the Inflation Rate on
the High-Employment Budget
[Billions of dollars]
Cumulative changes

Quarter-to-quarter changes
Number of quarters after the increase in
inflation (first quarter =1977:2)

Receipts

1
2
3
4

12

Expenditures

Surplus or
deficit (-)

Expenditures

Receipts

Surplus or
deficit (-)

1.8
1.9
1.8
1.5

0.8
.5
.9
.5

1.0
1.4
.9
1.1

1.8
3.7
5.5
7.0

0.8
1.3
2.2
2.7

1.0
2.4
3.3
4.4

1.7

.3

1.4

13.8

5.1

8.7

2.0

.3

1.7

21.5

8.1

13.3

Table 6.—Simulation of the Effect of a One Percentage Point Increase in the Inflation Rate on
the High-Employment Budget, With Indexation of the Personal Income Tax
[Billions of dollars]
Number of quarters after the increase in
inflation (first quarter =197 7: 2)

Quarter-to-quarter changes
Receipts

1
2
3
4

12

Expenditures

Cumulative changes

Surplus or
deficit ( - )

Expenditures

Receipts

Surplus or
deficit ( - )

1.5
1.6
1.5
1.2

0.8
.5
.9
.5

0.8
1.1
.6
.7

1.5
3.1
4.6
5.8

0.8
1.3
2.2
2.7

0.8
1.8
2.4
3.1

1.3

.3

1.0

10.9

5.1

5.8

1.5

.3

1.2

16.6

8.1

8.5

April

past GNP gaps but not to inflation
rates. The responses to GNP gaps in
the new and old equations are quite
similar. The responses to current and
lagged inflation rates in the new
equations are statistically significant
in a number of cases and quantitatively important in many cases.
The wage and salary response to inflation indicates that wages and salaries approximately maintain their
share of GNP in the face of an increase in the rate of inflation; the
five-quarter sum of coefficients of
0.5096 is similar to the 1979 average
share of wages and salaries in GNP of
0.5120.5 The corporate profits response to inflation, like the corporate
profits response to cyclical changes
measured by the GNP gap, indicates
an initial overshooting; in the case of
prices the coefficient of the current
rate of inflation of 0.2047 is larger
than the 1979 corporate profits share
of 0.0815. The coefficient of -0.0399
on inflation rates during the four previous quarters indicates that corporate profits fall back towards their
earlier share when a new inflation
rate persists for five quarters.
The coefficients of potential GNP
add, by construction, to 1.0, as the
bottom line of table 7 shows. In addition, the coefficients of current inflation add to approximately 1.0, the coefficients of past inflation to approximately zero, the coefficients of
changes in the gap to approximately
5. The five-quarter sum of coefficients includes the
0.4476 coefficient for the current quarter plus the
0.0155 coefficient for each of the preceding four quarters.

Table 7.—Income Share Equations
Coefficients
Change in income component
GNP tl
Wages a d

AGNPGAPt

1 '

•

Watson
statistic

1979 share
of GNP

0.0155
(09)

0.5124

0.78

1.8

0.5120

-.0593
( 67)
-.4778
(-19.1)
-.0810
( 5 1)

-.0130
( 36)
.0572
(5.5)
-.0059
( 09)

.0599
(27)
.2047
(3.2)
-.0159
( 04)

.0179
(30)
-.0399
(-2.3)
.0130
(1 2)

.0754

.60

2.4

.0932

.1054

.79

1.8

.0815

.0483

.18

1.7

0.545

-.0003
(00)
-.0812
( 3 0)
-1.0502

-.0025
( 05)
.0272
(25)
.0007

.0813
(27)
.2245
(33)
1.0021

.0015
(02)
-.0056
( 03)
.0024

.0791

.23

1.7

.0720

.1794

.30

2.2

.1867

Definitions of Variables:
GNP: current-dollar GNP at annual rates;
GNP72: GNP in 1972 dollars at annual rates;
PGNP: the implicit price deflator for GNP, 1972 = 100;
GNPK72: potential GNP in 1972 dollars, at annual rates;
GNPGAP: (GNPK72—GNP72VGNPK72.
Estimation period: 1956:2 to 1981:2.
Numbers in parentheses are t-statistics.




R*

0.4476
(7.1)

Proprietors' income with IVA and CCAdj

Sum of coefficients

AGNPK72t
GNPK?^-,

-0.0623
( 6 1)

Corporate profits with IVA and CCAdj

GNP less national income

i I APGNP, , 1
i=l\ PGNPtjl/

-0.3506
( 14 2)

Other labor income and employer contributions for
social insurance
..

Rental income of persons with CCAdj, and net
interest
.

4

(
\
^(AGNPGAPt,;

APGNP,
PGNPtM

1.0000

1.0000

April

— 1.0, and the coefficients of past
changes in the gap to approximately
zero. The mathematical reason for
these results is complex. It has to do
with the fact that the percent change
in GNP from quarter to quarter can
be expressed in two ways, which must
equal one another. One is as the sum
of all of the dependent variables in
the share equations, because the
change in wages and salaries plus the
change in corporate profits plus all
the other changes in shares is equal
to the change in GNP. The other is as
the percent change in potential GNP
plus the percent change in prices
minus the change in the GNP gap.6
Supplementing these income share
equations are special equations for
the corporate profits IVA and CCAdj,
dividends, personal interest income
less net interest, and Federal Reserve
profits taxes. The equations for the
corporate profits IVA and CCAdj are
necessary to convert the measure of
corporate profits estimated in the
share equations to book profits, which
is used as the tax base for the corporate income tax. The dividends and
interest equations are necessary to estimate adjusted personal income,
which is used as the tax base for personal income tax and nontax payments (adjusted personal income is
defined below). The Federal Reserve
profits tax equation is used to estimate the impact of inflation on Federal Reserve profits taxes.
The IVA is specified to depend on
current and two quarters of lagged inflation rates. The CCAdj is specified
to depend on the current GNP gap
and a distributed lag of 18 quarters of
inflation rates. Dividends are estimated using a longrun elasticity of dividends with respect to book profits.
The equation for the difference between personal interest income and
net interest is specified in the same
way as the income share equations.
The Federal Reserve profits tax is
specified to depend on a distributed
lag of four quarters of inflation rates.
6. GNP can be factored into real potential GNP, the GNP gap, and
prices as follows:
GNPt=GNPK72t(l -GNPGAPt)PGNPt
The percent change in GNP is approximately equal to the sum of
the percent changes of these three factors, or:
AGNPt = AGNPK72t
A(l-GNPGAP)t APGNPt
GNPt_! GNPK7V!
(l-GNPGAP)t_! PCNF^'

The middle term, finally, is approximately equal
to—AGNPGAP.




SURVEY OF CURRENT BUSINESS
All of these equations are used in
two ways. The effects of current and
lagged GNP gap terms give differences between actual and high-employment income shares. The effects
of current and lagged price terms give
inflation-induced changes in income
shares.
Personal taxes.—The tax base for
personal taxes is approximated by adjusted personal income, which is the
sum of wages and salaries, proprietors' income with IVA and CCAdj,
rent with CCAdj, net interest, the difference between personal interest
income and net interest, and dividends. Personal tax receipts increase
more than in proportion to increases
in this tax base. As described in the
November 1980 article (pp. 33-35), the
elasticity of personal taxes with respect to the tax base depends on (1)
the elasticity of taxes with respect to
the number of tax returns and (2) the
elasticity of taxes per return with respect to adjusted gross income per
return, with each elasticity calculated
separately for single and for nonsingle returns. The total cyclical elasticity of personal taxes was expressed as
a weighted combination of the four
component elasticities.
Inflation primarily affects income
per return rather than the number of
returns, and therefore the inflation
elasticity of personal taxes is estimated as a weighted average of the two
elasticities—one for single and one for
nonsingle returns—of taxes per
return with respect to adjusted gross
income per return. Weights are based
on shares of tax payments. The resulting inflation elasticities, reported
in table 8, are higher than the cyclical elasticities.
Corporate profits taxes.— The tax
base for corporate profits taxes is approximated by (1) modified profits,
which is book profits less Federal Reserve profits less rest-of-the-world
profits, and (2) Federal Reserve profits. Taxes respond in different ways to
inflation-induced changes in these two
components. Rest-of-the-world profits
are assumed not to be sensitive to domestic inflation.
The elasticity of corporate profits
taxes with respect to modified profits,
as described in the November 1980 article (pp. 35-38), depends on the elasticities of (1) the average tax rate
with respect to income subject to tax

31

(1ST), (2) 1ST with respect to modified
profits, and (3) tax credits with respect to modified profits. The first of
these elasticities measures the effect
of the lower rate levied on the first
$100,000 of corporate profits. This
effect is very small. The second elasticity is sensitive to relative changes
in gains and losses (corporate profits
is equal to the profits of profit-making
corporations minus the losses of other
corporations). When the source of
change in profits is cyclical variation,
sharp variations in losses relative to
gains make this elasticity less than
1.0. When the source of change is inflation, however, losses and gains may
be expected to rise at roughly the
same rate and thereby keep this elasticity at approximately 1.0. The third
elasticity, that of tax credits with respect to modified profits is assumed to
be 1.0 whether the source of change is
cyclical variation or inflation. These
component elasticities lead to an inflation elasticity of corporate profits
taxes with respect to modified profits
of 1.0, higher than the cyclical elasticity of 0.8.
For Federal Reserve profits, the
supplemental equation is used to
make direct estimates of inflation-induced changes in tax receipts. Such
estimates can be made because the
base and the tax are approximately
equal.
Indirect business taxes.—The tax
base for indirect business taxes is
GNP; that is, the response of taxes for
each individual taxed commodity (e.g.,
alcoholic beverages) is converted from
an elasticity with respect to changes
in sales of the specific commodity to
an elasticity with respect to changes
in GNP. The responses for major categories of indirect business tax receipts
are taken from a study by the Office
of Management and Budget of the
demand for alcoholic beverages, tobacco, gasoline, and other taxed commodities.7 The inflation elasticity of the
windfall profits tax is assumed to be
zero. The inflation elasticity for indirect business taxes, shown in table 8,
is a weighted average of these individual responses.
Contributions for social insurance.—The response to inflation of
7. Darwin G. Johnson, "The Sensitivity of the
Budget to Inflation and the Business Cycle," Office of
Management and Budget technical staff paper (September 1979), p. 13.

32

SURVEY OF CURRENT BUSINESS

payrolls, the tax base for social insurance contributions, is given by the
wage and salary share equation. The
cyclical elasticity of social insurance
contributions with respect to changes
in wages and salaries—estimated separately for social security and for unemployment insurance—depends on:
(1) the elasticity of contributions with
respect to employment and (2) the
elasticity of contributions with respect to average wages.8
Inflation is assumed to affect wages
but not employment; therefore, the
inflation elasticities for contributions
are set equal to the average wage
elasticities. These are shown in table
Expenditures
For expenditures, the estimates of
inflation-induced changes are limited
to categories that change automatically when prices change. For most categories the classification is easy to
make; but there are a few borderline
cases. Federal pay is one; raises are
linked to salaries in the private sector
under the Pay Comparability Act of
1970, but they are subject to further
adjustment by Congressional or Presidential action. For this article, pay
raises are assumed to be automatic
responses to inflation. Purchases of
goods for which unexpected price increases are often followed by an additional Congressional appropriation,
however, are excluded.
It is convenient to separate inflation-sensitive expenditures into two
categories: (1) directly indexed and (2)
nonindexed but automatically sensitive.9 For directly indexed programs
(social security, for example), the
basic approach to estimating inflation-induced changes is to multiply
expenditures by the percent change in
an appropriate price index. For each
directly indexed program,
(3)

AEt* = I

where:
AEt *= the current change in the highemployment expenditure attributable to
inflation;
8. de Leeuw, et al., " High-Employment Budget," p.
39.
9. For both categories of expenditures, the inflation
adjustments are designed to show the effective date of
the dollar adjustment in the NIPA's.




April

Table 8.—Elasticities of Receipts with Respect to Inflation-Induced Changes in Tax Bases
Year

Personal
taxes

1955
1956
1957
1958
1959

1 66
1 63
1 63
1.65
1 61

1960. . .
1961
1962
1963
1964

161

Corporate
profits
taxes

Indirect
business
taxes

Social
security
contributions

Unemployment
insurance
contributions

10
10
10
10

058
56
53
50
50

061
59
57
54
60

045
42
39
39
38

10

10

1.59
1 58
1.58
1 64

10
10
10
10

50
48
49
49
50

57
56
54
52
50

37
36
36
35
33

1965 .
1966
1967
1968
1969

1 64

10

1 59
1.55
1 56

10
10
10
10

47
42
42
45
45

49
63
60
65
62

33
33
32
30
30

1970
1971
1972
1973
1974

1 56
1.59
1 61
1.59
1 58

45
44
39
40
40

59
.57
60
.65
72

29
29
34
.32
31

1975
1976
1977
1978
1979

1 66
1.68
1 72
1.70

1 00
1.00

10

37
.40
41
.44
44

80

31
.30
29
.36
34

10
1.0

34
.27

.80
.80

34
.34

1980
1981

160

167

..

E t =the current level of the high-employment
expenditure;
APt =the percent change in the price series
Pt used to index the program (e.g., the CPI
for social security).

A similar approach is used for some
nonindexed inflation-sensitive expenditures—medicaid expenditures, for example, where there is no legislated
link to a price index but where expenditures automatically rise when
prices of medical goods and services
rise. For other nonindexed inflationsensitive expenditures, a more complex approach is necessary.
Directly indexed programs.—Prior
to 1962, no sizeable Federal program
was directly linked to changes in a
specific price index. In 1963, legislation provided that military retirement
benefits would automatically increase
with increases in the CPI. Since that
time, the addition of other major Federal programs—notably social security in 1975—has substantially increased the sensitivity of expenditures
to inflation. Table 9 shows the effective dates of the initial inflation adjustment of major indexed programs
and the price index used.
The indexing provisions of social security illustrate the general procedures used. Social security benefits
are linked to changes in the CPI for
urban wage and clerical workers.
Changes in the CPI from the first
quarter of the previous year to the

167
1.67

10

10

10

10

10
10

10
10
1.0

100
1.00

first quarter of the current year are
used to adjust benefits in July of the
current year; that is, the inflation adjustment occurs at the beginning of
the third quarter.10 Therefore, the
price index is constructed to show a
"step" change in the third quarter
and no change in other quarters. The
timing of inflation adjustments varies
among indexed programs, and for
each one an appropriate price index is
constructed in the same basic way as
for social security.
Nonindexed inflation-sensitive programs.—Federal expenditures that
are not explicitly linked to changes in
specific price indexes, but that nevertheless change automatically with
changes in prices or wages, include
medicare, medicaid, regular unemployment benefits, Federal pay, and
net interest. The first two provide
payments for medical care, which rise
as the cost of that care rises. To estimate the inflation-induced change in
medicare and medicaid payments, the
medical care component of the CPI is
used.
Regular unemployment benefits
rise as the average wage rate rises.
The results of recent studies of wage
behavior were used to estimate the inflation-induced portion of changes in
average wages as a function of a
weighted average of current and past
10. If the CPI increases by less than three percent
or declines, no adjustment to benefits is made.

SURVEY OF CURRENT BUSINESS

April
Table 9.—Effective Date of Initial Inflation
Adjustment, Directly Indexed Expenditure
Programs
Date of
initial
adjustment
in
NIPA's

Program

Military
benefits.

retirement

1963:4 CPI.

Civil Service
benefits.

retirement

1965:4 CPI.

Index used

Workers'
compensation
for Federal employees
(FECA).

1966:4 CPI; General Schedule of
Federal salaries.

Coal Miners' disability
and survivor benefits
(Black lung programs).

1971:1 General Schedule, GS-2
level.

Food stamps
Child nutrition

1971:3 Thrifty Food Plan Index.
1974:1 CPI for food away from
home; Producer Price
Index for selected commodities.

Old-Age, survivors, and
disability
insurance
(OASDI) benefits.

1975:3 CPI.

Railroad
benefits.

retirement

1975:3 CPI.

security

1975:3 CPI.

Supplemental
income (SSI).

Veterans pensions
survivor benefits.

and

1979:3 CPI.

NOTE.—CPI is the Consumer Price Index.

changes in the GNP deflator.11 This
portion was used to calculate inflation-induced changes in regular unemployment benefits.
Federal pay raises are explicitly
linked to the salaries of private sector
workers in comparable occupations
under the Pay Comparability Act of
1970. Under this act, an annual percentage adjustment to achieve Federal worker salary comparability is calculated. This adjustment becomes effective in October of each year unless
the President substitutes an alternative or Congress disapproves the recommended adjustment. In this article,
the increases that actually occur in
Federal pay since the act took effect
are attributed to inflation.
Inflation affects net interest payments in two ways. First, interest
rates tend, after a lag, to reflect
changes in inflation rates. Second, inflation affects the debt on which interest must be paid through its impacts on receipts and expenditures.
The interest rate effect works in the
opposite direction from the debt
effect. It is necessary to take account
of both effects to make an estimate of

11. See Robert J. Gordon, "Can the Inflation of the
1970's be Explained?" Brookings Papers on Economic
Activity, no. 1 (1977), especially pp. 264-272.

371-676 0 - 8 2 - 5




33

w7 = 0.067
W M = 0.046
w0 = 0.058
the impact of inflation on interest
w8 = 0.066
w« = 0.041
wi = 0.061
payments.
w 9 = 0.064
w w = 0.034
wa = 0.063
To estimate the effect of inflation
w10=0.062
w»= 0.027
w3 = 0.065
on interest rates, net interest payWn = 0.059
wis=0.019
w4 = 0.067
ments were divided into two categow19=0.010
w12= 0.056
w5 = 0.067
ries, interest payments on Treasury
2Wi= 1.052
wis = 0.051
bills and interest payments on net
2
debt (total debt held by the public Period of fit: 1968:3-1980:3; R = 0.94;
minus direct loans outstanding) ex- D-W -2.40.
cluding Treasury bills. An effective where:
RL=the effective interest rate on net debt
interest rate for each category was
excluding Treasury bills (annual rate);
calculated. Regression equations were
R=the effective interest rate on Treasury
then used to estimate the response of
bills (annual rate) 13;
these interest rates to inflation. The
u=the error term.
equation for the effective Treasury The sum of the R coefficients, 1.052,
bill rate, a relatively short-term rate, implies that a change in the shortterm rate R is eventually followed by
a slightly larger change in the long(4) R t =- 0.058 + 0.013(Y/M)t 0.054 A(Y/M)t term rate RL. The lag is very long;
(-3.0)
(3.0)
~(-1.3)
over short periods RL is much
smoother than R. The impact of infla- 13.54 (DPt*GNPGAPt)
(-2.0)
tion on RL takes place through its
impact on R and therefore develops
slowly.
itb (4.4)
The impact of inflation on the debt
is
due to its differential impact on rewo = 1.60
ceipts and expenditures. Because inwi=0.76
w2=0.43
flation tends to increase receipts more
w3=0.39
than expenditures, it decreases the
w4=0.45
debt (or reduces the increase in the
w5=0.39
debt). Estimates of the debt effect are
based
on simulations of the entire set
Period of fit: 1970:1-1981:1; R2 = 0.66; of receipts and expenditure equations
D-W - 0.43.
described in this article. The allocation of the debt effect between Treaswhere:
ury bills and other net debt is based
R=the effective interest rate on Treasury
on regression estimates of the change
bills (annual rate);
in bills associated with each dollar of
Y/M=GNP divided by the money supply
surplus or deficit and of the change in
(Ml-B);
other net debt associated with each
DP = the percent change (quarterly rates) in
12
dollar of surplus or deficit.
the GNP deflator ;
The effects of a change in the rate
GNPGAP=the GNP gap.
of inflation on interest payments conBecause R is an effective annual rate tinue to develop over many quarters,
and DP is a quarterly rate, the sum of partly because of the long lags in the
the coefficients of current and lagged long-term rate equation and partly
DP, 4.02, suggests that a one percent- because the debt effects continue to
age point rise in the annual inflation grow over time. The calculations rerate causes R to rise by (4.02 -=- 4), or ported here are based on a four-quar1.01 percentage points when the GNP ter time-span; that is, they measure,
gap is zero. The DP*GNPGAP vari- for each quarter, the interest rate and
able causes the impact of inflation to debt effects during four quarters
fall moderately when GNP is below ending with the current quarter. The
potential and to rise moderately when reason for choosing a four-quarter
GNP is above potential.
cutoff is that the impact on changes
The equation for the effective rate in interest payments, which is the
on net debt excluding Treasury bills, focus of this study, settles down to a
a relatively long-term rate, is:
stable amount after four quarters of a
sustained change in the rate of inflaWiRt-i+0.843ut-i
(5)
(27.9)
tion.
12. The weights for the price-change variable were
estimated by the Almon technique, using a thirddegree polynomial constrained to zero at the far end.

13. The weights for the effective interest rate on net
debt excluding Treasury bills were estimated by the
Almon technique, using a third-degree polynomial
constrained to zero at the far end.

By NED G. HOWENSTINE

Growth of U.S. Multinational Companies, 1966-77
THIS article presents and analyzes
data on the growth of U.S. multinational companies (MNC's) from 1966
to 1977. Growth of U.S. MNC's worldwide, and of U.S. parents and foreign
affiliates separately, is discussed. U.S.
MNC's are U.S. companies that have
direct investment abroad. Direct investment abroad exists when one U.S.
person (U.S. parent) has a direct or
indirect ownership interest of 10 percent or more in a foreign business enterprise (foreign affiliate). A given
MNC consists of the U.S. parent and
its foreign affiliates.
Data are from BEA's 1966 and 1977
benchmark surveys, or censuses, of
U.S. direct investment abroad.1 Results of the 1977 survey were published last year. Comparisons of the
published 1977 data with those for
1966 are hindered by differences between the two surveys in concepts,
coverage, and methodology. To improve comparability, this article presents data that have been adjusted to
reconcile the major differences (see
the technical note).
NOTE.—Richard Mauery did the computer
programming for the tables in this article.
Ethel J. Wheeler provided statistical assistance.

1. See U.S. Department of Commerce, Bureau of
Economic Analysis, U.S. Direct Investment Abroad,
1977 (Washington, D.C.: U.S. GPO, April 1981). Results
of the 1966 survey were published in U.S. Department
of Commerce, Bureau of Economic Analysis, U.S.
Direct Investment Abroad, 1966, Final Data (Washington, D.C.: U.S. GPO, n.d.). Articles on the 1977 benchmark survey have included: International Investment
Division, "1977 Benchmark Survey of U.S. Direct Investment Abroad," SURVEY OF CURRENT BUSINESS 61
(April 1981): 29-37, which gave a brief description of
the survey and highlights of the data; Betty L. Barker,
"A Profile of U.S. Multinational Companies in 1977",
SURVEY 61 (October 1981): 38-57, which discussed industry characteristics of MNC's, their size, the location of their operations, the U.S. parents' percentage
ownership in their foreign affiliates, and the form of
organization of parents and affiliates, and Obie G.
Whichard, "Employment and Employee Compensation
of U.S. Multinational Companies in 1977," SURVEY 62
(February 1982): 37-49, 60.
34




The two benchmark surveys covered parents and affiliates in all industries. However, in the 1977 benchmark survey, much more detailed
data were obtained for nonbank
MNC's than for bank MNC's; therefore, the coverage of this article is
limited to the former. A nonbank
MNC consists of a nonbank U.S.
parent that has at least one nonbank
foreign affiliate, and its nonbank affiliates. For simplicity, in the text of
this article and in all accompanying
tables, the terms "U.S. MNC's," "U.S.
parents," and "foreign affiliates"
refer only to nonbank MNC's, nonbank parents of nonbank foreign affiliates, and nonbank foreign affiliates
of nonbank parents, respectively. (See
the technical note for further discussion.)

Highlights
• Total assets of U.S. MNC's grew
at an annual rate of 11.1 percent from
1966 to 1977. By 1977, assets had
more than tripled—from $624.2 billion to $1,986.6 billion.
• By industry of U.S. parent, MNC
growth rates were highest in trade
(14.9 percent) and petroleum (14.1 percent); they were lowest in mining (1.6
percent).
• The growth rate was higher for
affiliates than for U.S. parents—13.6
percent compared with 10.5 percent.
• Total assets of affiliates grew at
about the same rate in developed and
developing countries—13.6 and 13.8
percent, respectively.
• In developed countries, assets of
affiliates in Europe grew significantly
faster than those of affiliates in
Canada.
• By industry of affiliate, growth
rates of affiliates' total assets ranged
from 18.1 percent in finance (except
banking), insurance, and real estate
to 9.4 percent in mining. In manufacturing and petroleum, the two largest

affiliate industries, growth rates were
12.6 and 13.0 percent, respectively.
• Employment of majority-owned
foreign affiliates (MOFA's) grew at a
rate of 4.2 percent, from 3,591,000 in
1966 to 5,629,000 in 1977. Almost
three-fourths of the growth was in
manufacturing.
• MOFA employment growth rates
were generally below those for assets
because they were less directly affected by inflation and changes in exchange rates than were asset growth
rates.
• The pattern of growth based on
employment differed from that based
on assets, both among industries and
among areas.
The remainder of the article is divided into two parts. The first part
gives an overview of U.S. MNC
growth; growth in total assets of U.S.
MNC's worldwide, and of U.S. parents
and affiliates separately is discussed.
The second part describes growth in
affiliate assets in more detail, and
also covers growth in affiliate employment.

Growth of U.S. MNC's
Table 1 shows growth in total assets
of U.S. MNC's and of U.S. parents
and foreign affiliates, by industry of
U.S. parent.2 Data for affiliates are
2. Total assets of MNC's worldwide were calculated
by aggregating U.S. parents' and affiliates' assets. The
total includes duplication because of intercompany positions between a parent and an affiliate or between
two affiliates of the same parent; these positions give
rise to assets on the books of both the parent and the
affiliate, or of the two affiliates involved. Aggregated
assets are shown because worldwide consolidated
assets, which are assets after the elimination of intercompany positions, were not collected in either of the
benchmark surveys. Instead, data were collected for
U.S. parents and affiliates separately. Data on the net
intercompany account position of U.S. parents in their
incorporated affiliates, which accounts for a substantial portion of the duplication, indicate that the
growth rate for consolidated MNC assets was probably
slightly higher than that for aggregated assets, because the intercompany position was a larger share of
aggregated assets in 1966 than in 1977.

SURVEY OF CURRENT BUSINESS

April

for "allied affiliates/' i.e., affiliates in
which U.S. parents have a 25-percentor-more ownership interest. Total
assets are shown for these, rather
than for all affiliates (i.e., all foreign
business enterprises owned 10 percent
or more by U.S. parents), because, in
1966, total assets data were collected
only for these affiliates. In 1977,
allied affiliates accounted for 90 percent of the assets of all affiliates.
Total assets of U.S. MNC's worldwide grew at an annual rate of 11.1
percent from 1966 to 1977, resulting
in a more than threefold increase in
MNC assets—from $624.2 billion to
$1,986.6 billion.3 The growth was
probably largely attributable to
MNC's that began foreign operations
before 1966 in response to economic
opportunities that existed after World
War II, particularly as a result of the
establishment of the European Communities (EC) in 1958. The number of
U.S. MNC's increased only 4 percent—from 3,299 in 1966 to 3,425 in
1977.4
3. Growth rates for a period calculated from initialand terminal-year data may differ from an average
calculated from data for each year in the period if the
initial- or terminal-year values have been affected by
circumstances not typical of the period as a whole.
However, because the period covered by the data in
this article is relatively long (11 years), the initial- or
terminal-year values for total assets of MNC's worldwide would have to differ by about 10 percent from
those shown in order to change the MNC growth rate
by 1 percentage point.
4. However, growth in the number of MNC's was
limited by mergers among existing U.S. parents and
by the higher level of consolidation required for reporting parent data in the 1977 survey than in the
1966 survey.

35

The growth in MNC assets partly
reflected the effects of inflation, because, as MNC's replaced their assets,
the new assets were generally valued
at higher prices. For assets that
turned over rapidly, such as inventories and trade receivables, virtually
all price increases in the underlying
goods or services during 1966-77 resulted in increases in asset values.
For assets that turned over slowly,
such as fixed assets, price increases
resulted in increases in values only if
the assets were actually replaced
during the period. The precise extent
to which inflation boosted asset
growth rates cannot be quantified, because the necessary data on the prices
and composition of MNC assets and
the timing of their replacement are
unavailable.
By industry of U.S. parent
Data in table 1 are classified by industry of U.S. parent rather than by
industry of the MNC as a whole, because an MNC-wide industry code
based on the worldwide consolidated
activities of the MNC was not available for either 1966 or 1977. However,
evidence indicates that, in a majority
of cases, the U.S. parent's industry
was probably also the MNC-wide industry.5
Growth rates were highest for
MNC's in petroleum (14.1 percent)
5. See Barker, "A Profile," p. 41.

and trade (14.9 percent) and lowest
for those in mining (1.6 percent). The
growth rate in manufacturing, by far
the largest industry, was 11.2 percent,
about the same as for all industries
combined.
Differences in growth rates among
industries may have resulted partly
from changes in the industry classification of U.S. parents from 1966 to
1977. For example, some U.S. parents
acquired, merged with, or were acquired by, other U.S. companies
during the period. If the industry
classification of the resulting consolidated enterprise differed from that of
the original enterprise(s), data for the
U.S. parent (and the MNC as a whole)
may appear in different industries in
the two years. Growth rates were particularly affected in mining, where
several of the largest U.S. parents
that reported in 1966 acquired, or
were acquired by, large U.S. manufacturing companies after 1966. As a
result, in 1977, the major activity of
some of these consolidated enterprises
was manufacturing, not mining.
In both petroleum and trade, the
high growth rates probably reflected
the effect of price increases to a greater extent than in other industries. In
petroleum, the quadrupling of crude
oil prices in 1973 and 1974 caused a
sharp rise in the values of MNC inventories and trade receivables. In
trade, although prices did not increase as sharply as those in petroleum, the increases that did occur

Table 1.—Growth in Total Assets of U.S. MNC's, U.S. Parents, and Allied Foreign Affiliates, 1966-77, by Major Industry of U.S. Parentl
Percent

Millions of dollars
Total assets of—
MNC's worldwide,
including allied2
affiliates only

1966
All industries
Mining
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
.
Other manufacturing
Trade
Finance (except banking), insurance, and real estate
Other industries

1977

U.S. parents

1966

Allied affiliates

1966

1977

(1)
624,202

(2)
1,986,623

(3)
514,830

(4)
1,543,240

(5)
109,372

(6)
443,383

8,792
80,238
271,212
19,742
38,854
40,595
30,793
28,890
54,341
57,997
22,225
165,209
76,527

10,464
342,446
867,381
64,781
142,934
112,438
124,911
61,265
178,860
182,191
102,125
419,194
245,014

4,970
51,104
210,889
15,591
28,118
32,864
22,015
22,368
43,360
46,573
18,719
157,771
71,377

7,489
218,756
633,416
48,359
97,410
87,073
82,777
46,749
132,478
138,571
84,260
379,947
219,372

3,822
29,133
60,323
4,151
10,736
7,731
8,778
6,522
10,982
11,423
3,506
7,438
5,149

2,975
123,690
233,965
16,422
45,524
25,365
42,134
14,516
46,383
43,620
17,865
39,247
25,642

MNC = multinational company.
1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad.
Data for affiliates have been adjusted to improve comparability and, therefore, differ from previously published data. Allied affiliates are affiliates that were owned 25 percent or more by U.S.
parents. (See text for discussion.)
2. Column 1 is the sum of columns 3 and 5, and column 2 is the sum of columns 4 and 6. The




1977

Compound annual rate of growth

MNC's

(7)

Portion of total MNC
assets accounted for
by allied affiliates

U.S.
parents

Allied
affiliates

1966

(8)

(9)

(10)

1977

11.1

10.5

13.6

18

1.6
14.1
11.1
11.4
12.6
9.7
13.6
7.1
11.4
11.0
14.9
8.8
11.2

3.8
14.1
10.5
10.8
12.0
9.3
12.8
6.9
10.7
10.4
14.7
8.3
10.7

-2.3
14.1
13.1
13.3
14.0
11.4
15.3
7.5
14.0
13.0
16.0
16.3
15.7

43
36
22
21
28
19
29
23
20
20
16
5
7

(11)

22
28
36
27
25
32
23
34
24
26
24
17
9
10

sums contain duplication of assets that reflect intercompany positions between a parent and its
affiliate or between 2 affiliates of the same parent. See text for further discussion. Also note that,
to be consistent with the 1966 data in column 1, the 1977 data in column 2 include data for all
U.S. parents, but only for allied foreign affiliates. Therefore, this column does not agree with
total MNC assets as shown in Barker, "A Profile," table 1, page 40.

36

SURVEY OF CURRENT BUSINESS

tended to have a proportionately
greater effect on asset growth rates in
this industry than in others because
inventories and trade receivables constituted a larger portion of the total
assets of trade MNC's.
Within manufacturing, growth
rates were highest in nonelectrical
machinery and chemicals—13.6 and
12.6 percent, respectively. In nonelectrical machinery, growth was particularly strong in office machine and

computer manufacturing. During the
period, significant technological innovations lowered prices of data processing equipment and expanded product
offerings. Also, growth in the demand
for computers may have led more directly to increases in assets of computer manufacturers than for other
manufacturers. Computers were often
rented or leased, rather than sold, to
customers; when this was the case,
the value of the rented or leased corn-

Table 2.—Growth in the Total Assets of Allied Foreign Affiliates, 1966-77, Major Industry by
Area of Affiliate l
Percent

Millions of dollars

Distribution

Total assets of allied affiliates
1966

1977

Change

1966

1977

Change

Compound
annual
rate of
growth

All countries
Developed countries
Canada
Europe .
Other
Developing countries
Latin America
Other
International 2

109,372
78,753
29,192
40,175
9,386
26,313
18,126
8,187
4,307

443,383
320,176
83,132
188,415
48,630
108,705
71,312
37,393
14,502

334,011
241,423
53,939
148,240
39,244
82,392
53,185
29,206

100
72
27
37
9
24
17
7
4

100
72
19
42
11
25
16
8
3

100
72
16
44
12
25
16
9

13.6
13.6
10.0
15.1
16.1
13.8
13.3
14.8

Mining
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
International

5,433
3,018
2,109
40
869
2,415
1,682
732
0

14,611
9,900
5,282
215
4,403
4,711
3,193
1,518
0

9,178
6,882
3,174
175
3,533
2,296
1,511
786
0

100
56
39
1
16
44
31
13
0

100
68
36
1
30
32
22
10
0

100
75
35
2
39
25
16
9
0

9.4
11.4
8.7
16.5
16.0
6.3
6.0
6.9
0

Petroleum
Developed countries
Canada
Europe
Other.
Developing countries
Latin America
Other
International

27,718
16,688
5,111
8,866
2,710
8,390
3,883
4,508
2,640

105,889
68,483
17,172
37,609
13,702
27,332
7,951
19,381
10,075

78,171
51,795
12,061
28,742
10,992
18,941
4,068
14,873
7,435

100
60
18
32
10
30
14
16
10

100
65
16
36
13
26
8
18
10

100
66
15
37
14
24
5
19
10

13.0
13.7
11.7
14.1
15.9
11.3
6.7
14.2
13.0

Manufacturing
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
.
International

47,805
39,076
11,973
22,581
4,522
8,729
7,108
1,621
0

176,843
141,339
30,400
90,891
20,047
35,505
27,492
8,013
0

129,038
102,263
18,427
68,310
15,525
26,775
20,384
6,392
0

100
82
25
47
9
18
15
3
0

100
80
17
51
11
20
16
5
0

100
79
14
53
12
21
16
5
0

12.6
12.4
8.8
13.5
14.5
13.6
13.1
15.6
0

9,094
6,788
1,634
4,600
555
1,912
1,528
384
394

46,093
38,254
6,250
26,471
5,533
7,840
5,068
2,771
0

36,999
31,446
4,617
21,871
4,978
5,928
3,540
2,387

100
75
18
51
6
21
17
4
4

100
83
14
57
12
17
11
6

100
85
13
59
13
16
10
6

15.9
17.0
13.0
17.2
23.3
13.7
11.5
19.7

11,253
9,117
6,375
2,321
421
2,040
1,868
172
95

69,954
43,832
18,349
21,670
3,813
26,121
24,325
1,796
0

58,701
34,715
11,974
19,350
3,392
24,081
22,458
1,624

100
81
57
21
4
18
17
2
1

100
63
26
31
5
37
35
3

100
59
20
33
6
41
38
3

18.1
15.4
10.1
22.5
22.2
26.1
26.3
23.8

8,069
4,065
1,991
1,767
307
2,827
2,058
769
1,178

29,992
18,369
5,678
11,559
1,132
7,197
3,282
3,915
4,427

21,923
14,304
3,687
9,792
825
4,370
1,224
3,146

100
50
25
22
4
35
26
10
15

100
61
19
39
4
24
11
13
15

100
65
17
45
4
20
6
14

12.7
14.7
10.0
18.6
12.6
8.9
4.3
15.9

Trade
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
. . .
International 2
Finance (except banking), insurance, and real estate ....
Developed countries
Canada
Europe
Other ...
Developing countries
Latin America
Other
International 2
Other industries
Developed countries .
Canada
Europe . .
.
Other
Developing countries
Latin America
Other
International 2

.
. . . . .

1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad. Data in this table have been
adjusted to improve comparability and, therefore, differ from previously published data. Allied affiliates are affiliates 25 percent
or mon
lore owned by U.S. parents. (See text for discussion.)
2. Growth rates and amounts of change are not shown because the 1977 definition of "international" differed from that for
1966. (See text for discussion.)




April

puters was often included in the
assets of the manufacturer, rather
than of the user. In chemicals, growth
rates were particularly high in three
subindustries—drugs; soaps, cleaners,
and toilet goods; and agricultural
chemicals. Growth in drug manufacturing, as in office machines and computers, probably reflected technological innovations. Growth in each of the
other two chemical industries was
from a relatively small 1966 base.
Affiliate and parent growth compared
The growth rate for affiliates was
higher than that for U.S. parents—
13.6 percent compared with 10.5 percent. As a result, affiliates' share of
total MNC assets increased from 18
percent in 1966 to 22 percent in 1977.
However, because the U.S. parent
growth rate was calculated from a
much larger 1966 base than that for
affiliates ($514.8 billion compared
with $109.4 billion), the absolute increase in parent companies' assets
was much larger than that for affiliates ($1,028.4 billion compared with
$334.0 billion).
Growth rates for affiliates were
higher than for U.S. parents in every
industry shown in table 1 except
mining and petroleum. Several factors contributed to the generally
faster affiliate growth. First, during
1966-77, many foreign economies
grew faster than the U.S. economy.
For example, in the EC(9), where
growth in affiliate assets was particularly strong, real gross national product (GNP) in eight member countries
grew more
rapidly than in the United
States.6 In addition, affiliate growth
in the EC(9) may have been encouraged by the group's elimination of internal tariffs, which tended to increase the attractiveness of producing
in, rather than exporting to, members.
Second, the U.S. dollars substantial
overvaluation before 1971 relative to
most major foreign currencies increased the attractiveness of producing in, rather than exporting to, foreign countries and probably stimulated the growth of U.S. direct investment abroad. After 1971, this stimu-

6. The EC(6) was formed in 1958; it consisted of Belgium, France, Germany, Italy, Luxembourg, and the
Netherlands. In 1973, Denmark, Ireland, and the
United Kingdom joined the Communities, and it
became known as the EC(9).

SURVEY OF CURRENT BUSINESS

April

Fourth, affiliate growth rates may
have been higher because inflation
rates in many foreign countries were
higher than in the United States. As
noted above, inflation tends to boost
the growth of assets, particularly of
trade receivables and inventories.
Special factors probably affected
the relative growth of parents and affiliates in mining and petroleum—the
two industries in which affiliate
assets did not grow faster than parent
assets. In mining, where affiliate
assets declined but parent assets increased, the previously mentioned
change in industry classification of
several U.S. parents from mining to
manufacturing had a larger negative
impact on affiliate growth than on
parent growth because the parents involved had proportionately larger foreign operations than other mining
parents. The decline in affiliate assets
also reflected nationalizations of affiliates in some countries and the
adoption of policies by some host gov-

lus tended gradually to diminish, as
the U.S. dollar depreciated and exchange rates became increasingly
flexible.
Third, and probably more important, was the effect that changes in
exchange rates had on the translation
of affiliates' assets from foreign currencies into U.S. dollars. Because of
the depreciation of the U.S. dollar
after 1971, the value of the dollar in
terms of most major foreign currencies was much lower in 1977 than in
1966. When affiliates' assets were
translated into dollars, the dollar
value of the assets would have been
higher in 1977 than in 1966, even if
their foreign currency value were unchanged.7
7. This translation effect would have been weakened
to the extent that assets of affiliates were not translated into dollars at the current rate. U.S. generally accepted accounting principles (which U.S. MNC's were
instructed to follow when reporting to BEA) required
that certain assets, such as fixed assets, be valued at
historical costs and translated into dollars at the exchange rate in effect when the assets were acquired,
rather than at the current rate.

37

ernments that discouraged foreign
participation in natural resource development.
In petroleum, where growth rates
for affiliates and parents were the
same, the special factors affecting
growth tended to be offseting. One
factor that dampened affiliate growth
relative to that of parents was that
some foreign crude-oil-producing affiliates transferred trade receivables
to their U.S. parents for collection. As
a result, increases in crude oil prices
were reflected as increases in the U.S.
parents', rather than in the affiliates',
assets. Also, as in mining, nationalizations and policies aimed at shifting
control of crude-oil-producing affiliates to local investors slowed affiliate
growth. On the other hand, U.S. policies that kept increases in prices of
crude oil produced and sold within
the United States below those in most
foreign countries tended to dampen
U.S. parent growth relative to that of
affiliates.

Table 3.—Growth in Total Assets of Allied Foreign Affiliates and in Total Assets and Employment of Majority-owned Foreign Affiliates, 1966-77, by
Major Industry and Country of Affiliate l
Millions of dollars

Number of employees

Total Assets

Employment of majority-owned
affiliates

Majority-owned affiliates

Allied affiliates

Total

Percent

1966

1977

Change

1966

109,372

443,383

334,011

91,992

Majorityowned
affiliates

Employment of
majorityowned
affiliates

100

100

Total assets

1977

Change

1966

360,441

268,449

3,591,011

1977

Change

5,628,714

2,037,703

Compound annual rate of growth

Distribution of change

Allied
affiliates
100

Majorityowned
affiliates

Employment of
majorityowned
affiliates

13.2

4.2

Total assets
Allied
affiliates

13.6

By industry
5,433

14,611

9,178

4,660

8,967

4,307

146,873

80,965

-65,908

3

2

-3

9.4

6.1

Petroleum

27,718

105,899

78,172

24,377

86,227

61,850

313,637

293,856

-19,781

23

23

_1

13.0

12.2

-.6

Manufacturing
Food and kindred products....
Chemicals and allied products . . .
...
Primary and fabricated
metals
Machinery, except electrical .
Electric
and
electronic
equipment
Transportation equipment
Other manufacturing

47,805
3,958

176,843
13,788

129,038
9,830

37,227
3,379

140,604
12,029

103,337
8,650

2,425,616
242,551

3,909,773
383,837

1,484,157
141,286

39
3

39
3

73
7

12.6
12.0

12.9
12.2

4.4
4.3

9,229

37,359

28,060

6,708

27,160

20,452

311,999

485,500

173,501

8

8

9

13.5

13.6

4.1

3,870
6,662

17,455
27,312

13,585
20,650

2,288
5,860

10,345
24,092

8,065
18,232

144,728
367,905

242,531
535,985

97,803
168,080

4
6

3
8

5
8

14.7
13.7

14.7
13.7

4.8
3.5

4,721
8,885
10,410

16,697
27,636
36,596

11,976
18,751
26,186

3,820
7,495
7,677

14,130
23,962
28,878

10,310
16,467
21,201

391,710
458,561
508,162

659,049
744,937
857,934

267,339
286,376
349,772

4
6
8

4
6
8

13
14
17

12.2
10.9
12.1

12.6
11.2
12.8

4.8
4.5
4.9

9,094

46,093

37,000

8,121

40,057

31,937

288,174

687,860

399,686

11

12

20

15.9

15.6

8.2

11,253

69,954

58,701

10,636

61,775

51,139

37,519

67,618

30,049

18

19

1

18.1

17.4

5.5

8,069

29,992

21,923

6,971

22,811

15,839

379,192

588,642

209,450

7

6

10

12.7

11.4

4.1

78,753
29,192
40,175
9,386
26,313
18,126
8,187
4,307

320,176
83,132
188,415
48,630
108,705
71,312
37,393
14,502

241,423
53,939
148,240
39,244
82,392
53,185
29,206

65,216
26,649
32,771
5,796
22,698
15,647
7,051
4,077

261,354
75,495
161,085
24,775
85,959
56,513
29,446
13,127

196,138
48,846
128,314
18,979
63,261
40,866
22,395

2,534,955
733,072
1,549,740
252,143
1,031,646
712,442
319,204
24,410

3,939,320
940,080
2,611,306
387,934
1,652,629
1,059,449
593,180
36,765

1,404,365
207,008
1,061,566
135,791
620,983
347,007
273,976

72
16
44
12
25
16
9

73
18
48
7
24
15
8

69
10
52
7
31
17
13

13.6
10.0
15.1
16.1
13.8
13.3
14.8

13.5
9.9
15.6
14.1
12.9
12.4
13.9

4.1
2.3
4.9
4.0
4.4
3.7
5.8

Mining

Trade
Finance (except banking), insurance, and real estate
Other industries
By country
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
International 2

1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad.
Data in this table have been adjusted to improve comparability and, therefore, differ from previously published data. Allied affiliates are affiliates owned 25 percent or more by U.S. parents.
Majority-owned affiliates are affiliates owned more than 50 percent by all U.S. parents combined.




-5.3

(See text for discussion.)
2. Growth rates and amounts of change are now shown because the 1977 definition of "international" differs from that for 1966. (See text for discussion.)

38

SURVEY OF CURRENT BUSINESS
Total assets

Affiliate Growth by Industry
and Area of Affiliate

By industry of affiliate, annual
This section discusses affiliate growth rates of affiliates' total assets
growth, based on both total assets and ranged from 18.1 percent in finance
employment. The primary focus is on (except banking), insurance, and real
growth among the major industries estate and 15.9 percent in trade to 9.4
and areas shown in tables 2, 3, and 4; percent in mining (table 2). In manuadditional detail is presented in tables facturing and petroleum, the two
largest affiliate industries, growth
5-7.
Table 4.—Growth in the Employment of Majority-Owned Foreign Affiliates 1966-77, Major
Industry by Area of Affiliate l
Percent

Number of employees

Distribution

Employment of majority-owned
affiliates

All industries
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
International 3

.

Mining
Developed countries
Canada
Europe
Other
Developing countries . . .
Latin America
Other
International 3
Petroleum
Developed countries
Canada
Europe
Other
Developing countries
Latin America ..
Other
International
Manufacturing
Developed countries
Canada
Europe
Other . . .
.
Developing countries
Latin America
Other
International 3 .

...
....

. .

.

Trade
Developed countries
Canada
Europe
Other
Developing countries
Latin America
Other
International 3
Finance (except banking) insurance, and real estate
Developed countries
Canada
Europe.
Other
Developing countries
Latin America
Other
International 3
Other industries.
Developed countries
Canada
Europe.
Other
Developing countries.
Latin America
Other
International 3.

1966

1977

Change

1966

1977

3,591,011
2,534,955
733,072
1,549,740
252,143
1,031,646
712,442
319,204
24,410

5,628,714
3,939,320
940,080
2,611,306
387,934
1,652,629
1,059,449
593,180
36,765

2,037,703
1,404,365
207,008
1,061,566
135,791
620,983
347,007
273,976

100
71
20
43
7
29
20
9
1

100
70
17
46
7
29
19
11
1

146,873
40,052
21,383
4,103
14,566
106,821
70,844
35,977
0

80,965
45,424
27,079
784
17,561
35,541
23,147
12,394
0

-65,908
5,372
5,696
-3,319
2,995
-71,280
-47,697
-23,583
0

100
27
15
3
10
73
48
24
0

100
56
33
1
22
44
29
15
0

2

313,637
166,934
38,122
110,539
18,273
132,109
57,013
75,096
14,594

293,856
161,466
49,761
93,050
18,655
108,209
33,013
75,196
24,181

-19,781
-5,468
11,639
-17,489
382
-23,900
-24,000
100
9,587

100
53
12
35
6
42
18
24
5

2,425,616
1,933,225
520,435
1,238,975
173,815
492,391
391,933
100,458
0

3,909,773
2,807,126
574,541
1,983,643
248,942
1,102,647
773,148
329,499
0

1,484,157
873,901
54,106
744,668
75,127
610,256
381,215
229,041
0

288,174
201,019
63,464
113,613
23,942
85,413
57,584
27,829
1,742

687,860
572,730
142,091
363,207
67,432
115,130
79,218
35,912
0

37,519
32,793
26,545
4,615
1,633
4,488
2,909
1,579
238
379,192
160,932
63,123
77,895
19,914
210,424
132,159
78,265
7,836

Change

Compound
annual
rate of
growth

100
69
10
52
7
30
17
13

4.2
4.1
2.3
4.9
4.0
4.4
3.7
5.8

100
-8
-9
5
-5
108
72
36
0

-5.3
1.2
2.2
-14.0
1.7
-9.5
-9.7
-9.2
0

100
55
17
32
6
37
11
26
8

MOO
28
-59
88
-2
121
121
1
-48

-.6
-.3
2.5
-1.6
.2
-1.8
-4.9
(*)
4.7

100
80
21
51
7
20
16
4
0

100
72
15
51
6
28
20
8
0

100
59
4
50
5
41
26
15
0

4.4
3.5
.9
4.4
3.3
7.6
6.4
11.4
0

399,686
371,711
78,627
249,594
43,490
29,717
21,634
8,083

100
70
22
39
8
30
20
10
1

100
83
21
53
10
17
12
5
0

100
93
20
62
11
7
5
2

8.2
10.0
7.6
11.2
9.9
2.8
2.9
2.3

67,618
57,654
31,808
18,704
7,142
9,964
6,778
3,186
0

30,099
24,861
5,263
14,089
5,509
5,476
3,869
1,607

100
87
71
12
4
12
8
4
1

100
85
47
28
11
15
10
5
0

100
83
17
47
18
18
13
5

5.5
5.3
1.7
13.6
14.4
7.5
8.0
6.6

588,642
294,920
114,800
151,918
28,202
281,138
144,145
136,993
12,584

209,450
133,988
51,677
74,023
8,288
70,714
11,986
58,728

100
42
17
21
5
55
35
21
2

100
50
20
26
5
48
24
23
2

100
64
25
35
4
34
6
28

4.1
5.7
5.6
6.3
3.2
2.7
.8
5.2

"Less than 0.5% (±).
1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad. Data in this table have been
adjusted to improve comparability and, therefore, differ from previously published data. Majority-owned affiliates are affiliates
owned more than 50 percent by all U.S. parents combined. (See text for discussion.)
2. This refers to a negative change; thus, for individual areas, growth results in a negative share of the change and a decline
results in a positive share.
3. Growth rates and amount of change are not shown because the 1977 definition of "international" differed from that for
1966. (See text for discussion.)




April

rates were 12.6 and 13.0 percent, respectively.
For these major industries, the pattern of growth in affiliate assets,
when classified by industry of affiliate, was similar to that when classified by industry of parent. Under
both classification systems, the two
fastest growing industries were the
same and growth rates in manufacturing and petroleum were nearly the
same.8
The largest difference was for affiliates in mining, where the growth rate
was a positive 9.4 percent by industry
of affiliate and a negative 2.3 percent
by industry of parent. The negative
rate reflected the reclassification of a
number of U.S. parents noted earlier.
For all industries combined, assets
of affiliates grew at about the same
rates in developed and developing
countries—13.6 and 13.8 percent, respectively.9 Within the developed and
developing countries, the most significant difference in growth rates was
between Europe and Canada, the two
areas that accounted for the largest
shares of affiliate assets. The affiliate
growth rate in Europe was much
higher than that in Canada—15.1
compared with 10.0 percent per year.

8. The pattern of growth among subindustries
within manufacturing will not be discussed in this section. The pattern within manufacturing differed significantly under the two classification systems. For example, assets of affiliates classified in metal manufacturing grew faster than those of affiliates in any other
manufacturing industry, while assets of affiliates
whose parents were in metals grew slower than those
of affiliates whose parents were classified in all except
one other manufacturing industry. There were also
substantial differences for electrical machinery and
transportation equipment manufacturing.
9. Growth rates in "international" for all industries
combined are not shown in table 2 because the definition of the "international" category differed in the
1966 and 1977 benchmark surveys. In the 1977 survey,
"international" consisted of affiliates that had operations spanning more than one country and that were
engaged in petroleum shipping, other water transportation, petroleum trading, and affiliates operating oil
and gas drilling equipment that was moved from country to country during the year. (Affiliates in these industries that have operations entirely in one country
are classified entirely in that country.) In 1966, "international" was defined more broadly; it included, in addition, affiliates in finance, in nonpetroleum trading,
insurance, and construction that were engaged in activities in more than one country. It was not possible
to adjust the data for these differences. As a result, in
the tables, some data for affiliates in trade and in finance (except banking), insurance, and real estate are
shown in "international" in 1966, but not 1977. Although some data for affiliates in "other" industries
are shown in "international" in both years, they are
not comparable because of the above-mentioned definitional differences. Only in petroleum are the data
comparable and a growth rate given.

SURVEY OF CURRENT BUSINESS

April

39

Table 5.—Total Assets of Allied Foreign Affiliates, 1966 and 1977, Country by Industry of Affiliate1
[Millions of dollars]

1977

1966

All
industries

Mining

Petroleum

Manufacturing 2

Finance
(except
banking),
insurance,
and
real
estate

Trade

Other
industries

All
industries

Mining

Petroleum

Manufacturing 2

Finance
(except
banking),
insurance,
and
real
estate

Trade

Other
industries

109,372

5,433

27,718

47,805

9,094

11,253

8,069

443,383

14,611

105,889

176,843

46,093

69,954

29992

78,753

3,018

16,688

39,076

6,788

9,117

4,065

320,176

9,900

68,483

141,339

38,254

43,832

18,369

Canada

29192

2 109

5111

11,973

1634

6,375

1991

83 132

5,282

17 172

30400

6250

18349

5678

Europe
European Communities (9)
Belgium
Denmark
France
Germany
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Greece
Norway
Portugal .
Spain
Sweden
Switzerland
Turkey
Other

40,175
33,340
1930
447
4,965
7,012
166
3,273
453
2303
12790
6,835
220
334
408
125
1 349
801
2969
292
338

40
6
0
1
(*)
(*)
(*)
2
0
(*)
2
34
(*)
4
(D)
0
(*)
0

8,866
7,652
300

22,581
20,078
1,293
72
3,046
4,005
102
2,019
104
978
8459
2,503
76
130
215
63
1023
295
537
107
56

4,600
2,964
245
(D)
630
473
5
210
(D)
226
1097
1,636
45
11
37
16
116
116
1,196
14
85

2,321
1,450

1,767
1,190
(D)

215
88

37,609
30580
1 497

o
o
o

26,471
16485
2044
520
3,018
2894
103
1,538
75
1670
4623
9985
551
116
398
104
977
786
6555
41
458

11,559
9618

202
3,257
122
932
879
740
(D)
154

90,891
78932
6360
393
12,932
19916
1417
6,837
544
6 118
24 415
11 960
529
383
582
280
6867
1,562
1426
147
183

21,670
16500
1324

108
(*)
67
620
577
(»)
78
( DD)
( )
83
(D)
314
5
(D)

188,415
152,202
11 904
1894
20,577
33636
2084
11,514
1,267
18257
51 069
36,212
2284
759
4,436
545
9561
3,518
13488
517
1,104

10472

11 024

3230
2,040

All countries
Developed countries

Japan .

....

.

Australia, New Zealand, and South Africa
Australia
New Zealand
South Africa
Developing countries
Latin America
South America. . . .
Argentina
Brazil
Chile
Colombia
...
Ecuador
Peru
.
Venezuela
Other
Central America
Mexico
Panama
Other .
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
Trinidad and Tobago
Other
Other Africa
Saharan
Egypt
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other

.

..
...

4
( )

(D)

919
(D)
964
2131
1,215
(D)

109
125
(D)

114
329
175
161
98

(D)

5
0
0

o

5
127

o

4
( )
D

o

92
0
(D)

1 555

1 501

207

76

47

25916

348
185
65
97

345
291
(D)

260
(D)

(D)

61

22714
17215
973
4526

4403
(D)

(D)

3021
2,302
112
607

26,313

2,415

8,390

8,729

1,912

2,040

2,827

108,705

18,126
11 812
1,896
1 998
1,525
1047
85
1 177
3,550
534
4,496
2,767
1078
651
1818
485
240
200
293
600

1,682
1361
(D)
75
(DD )
( )
(*)
473
(D)
223
203
196

3,883
3079
217
172
(D)
304
6
155
2,098

1,528
758
92
186
42
63
10
111
216
38
599
256
312
31
171
44

1,868
1001
55
107

2,058
1028

(D)
(D)

(D)

(D)

7,108
4585
1,415
1374
169
456
41
304
754
72
2,232
2005
39
188
291
89
5
(D)
(D)

(D)

117

121

(°)

21

(D)
(*)
0

2
652

1,531
999
74
793
132
532
19
243
270

335
32
(D)
3
(D)
303
3
23
277

75
15
3
5
7
60
5
7
48

1

1899
1,541
374
1 167
(D)

19
1
8
6
2
10

31
23
2
1
1
6

214

1
1

102
42
45
44
1
15
1 184
36
501

290
82
18
1
13
116
18
1
1
17
23

84
19
(D)
2
(*)
24
1
(*)
(*)
1
(D)

(D)

o

7
118
0

o
1
o

o

(*)

(D)

(D)

(D)

(D)

304
49
102
153
500
42
(D)

(D)

(D)

1

(D)

(*)

(D)
62
129

23
353
15
80
55
73
48

International3

4307

o

2640

0

394

Addendum— OPEC 4

6792

221

4983

869

250

o

o
0
0

o
o
(D)

(*)

0

o
0
o

(D)

1 078
72
217
200
72
234
(D)
(D)

o

*Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad.
Data in this table have been adjusted to improve comparability and, therefore, differ from previously published data. Allied affiliates are affiliates 25 percent or more owned by U.S. parents.
(See text for discussion.)
2. Comparable data for 1966 and 1977 on total assets of allied affiliates by country crossclassi-




(D)

o

(D)

1 155
834

3061
263
762
212
130
906
61
(D)
106
165
(D)

D

338
(D)
15
341
68
481
871
(*)
2
1
1
13
(D)
747
(*)
(D)

(D)

o

Other Asia and Pacific
Hong Kong
India
.
Indonesia
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other

.

(D)

167
145

869
(D)
(*)
(D)

2266
126
1 646
449
1 196
494

. .

(D)

5999
4,486
296
1,216

Middle East
Israel
OPEC
Iran
Other
Other

. .

(D)
151

3387

2,860
1076
91
809
177
1783
221
290
1,272

.

o

D

(D)

970
2,052

1
21
135
63
519
140
374
5
348
199
60
(D)
3
(D)
57
(D)

1
(*)
(D)

(D)

(D)

84
93
28
113
(D)
(D)

640
121
252
267
390
111
29
2
(D)
(D)
(°)
(D)
(°)

(°)
(*)

7
(DD )
( )
80
14

(D)

(D)

(D)

(D)

50
23
27
(D)

(D)

(D)
6891
355
2,327
34
4319
11 837
7,029
(D)

(D)

1050
2022
(D)
311
613
2915
7960
5171
(D)

36
(D)
(D)

(D)
(D)
(D)
(D)
(D)

500
2
3235
2229
1 941
116
16
128
(D)

236
141
3855

457
149
912

200

109

3 125

920

376

2408
1,688
201
519

2893
2,491
95
306

756

o

(D)

(D)

(D)

516

(D)

9023
6,511
397
2,115

4,711

27,332

35,505

7,840

26,121

7,197

71312
29516
2885
16665
397
1 716
431
1 697
4955
771
13731
8721
3462
1 548
28065
1870
17213
5,445
1450
2087

3 193
2244
(D)
1 190

7,951
2621
347
865
97
338
186
371
228
188
807
107
483
218
4522

27,492
19082
2,097
12047
157
1 019
174
264
2,981
344
7,680
6816
164
700
730
61
4
14
184
467

5,068
2516
286
843
52
192
47

24,325
1 670
32
1 255
4
87
6
4
251
32
2,284
307
1 889
87
20372
451
14922
4,708

3282
1382

8,599
2725
1,092
1097
536
5874
910
1 761
3203

1,269

(D)

(D)

13401
1 062
11,552
3094
8458
788

25

o

8956

25

8,292
1 623
6669
(D)

(D)
(D)

o

(D)

( )

18
356
306
4
46
593
(D)

Do

( o)
572

o

0

o

0
1 269
(D)

o

(D)
(D)

0

(D)

1 684
583
1 151
(D)

4,494
2298
962
1077
258
2 196
(D)
1 134

(D)

5931
569
107
2325
437
(D)
577
945
45
241

(D)

931
(D)

1,666
849
629
188
886
224
412
34
19
198

(D)

(D)
(D)
(D)

(D)

466
(D)
(D)

18
24
564
(D)

937
335
293
309
962
(D)

192
(D)
(D)

(D)

381

686
3
1
0
2
683
549

784
205
102
3
100
579
136

(D)

(D)

951
136
( DD )
( )
111
815
3
186
626

415
84
(D)

(D)

(D)

(D)

1 060
519
514
470
44
27

643
81
508
422
86
54

587

2 130

(D)

(D)

1713
836
17
28
93
182
250
72
94
111
30

523
312
(D)
11
9
80
38
28
8
5

(D)

65
332
(D)
110

(D)
18
(D)

44

(D)
(D)
(D)
(°)

224
0

(D)

15393
2,497
1306
3024
869
1,887
1,544
2,293
883
657
434

(D)

(D)

6002
462
1 091
356
280
871
569
1,215
731
240
187

95

1 178

14 502

o

10075

o

o

o

4 427

141

329

23330

373

13450

4237

1 655

589

3 026

54
(D)
9
(D)

178
(D)
1
(D)
12

o

(D)
(D)
(*)

0

o

0
13

(D)

1 001
318
(D)
(D)
(D)
(D)

110
33
6
46
77

fied by major manufacturing subindustry are available on request. Write Ned G. Howenstine,
Bureau of Economic Analysis (BE-50), U.S. Department of Commerce, Washington, D.C. 20230.
3. Except for petroleum, data for 1966 and 1977 for "international" are not comparable because
the 1977 definition of "international" differed from that for 1966. (See text for discussion.)
4. OPEC consists of Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,
Quatar, Saudi Arabia, Venezuela, and the United Arab Emirates.

40
As a result, the share of total assets
of all affiliates accounted for by European affiliates increased from 37 percent to 42 percent, and the share accounted for by Canadian affiliates decreased from 27 percent to 19 percent.
Affiliate assets grew more slowly in
Canada than in Europe, even though
growth in real GNP in Canada was at
least as rapid as in each of the major
European countries. The slower asset
growth occurred partly because some
of the factors that had stimulated affiliate growth in Europe were absent
in Canada. For example, unlike the
major European countries, Canada
was not involved in any institutional
changes comparable to the formation
and subsequent enlargement of the
EC. Also, changes in U.S.-Canadian
exchange rates during the period did
not follow the pattern for most U.S.European exchange rates. The U.S.
dollar probably was not overvalued
relative to the Canadian dollar before
1971 and, in contrast to its depreciation against many major European
currencies, the U.S. dollar appreciated relative to the Canadian dollar
after 1971. Slower growth for Canadian affiliates also may have reflected
heightened Canadian interest during
the period in increasing domestic
ownership and control of business activity. The Foreign
Investment
Review Agency was established in
1974 to screen takeovers by foreign
firms already operating in Canada
and all new investment by foreign
firms with no existing Canadian operations. In addition, tax and other regulatory measures, including export
controls,
probably
discouraged
growth.
Within Europe, affiliates in the
United Kingdom, Germany, the Netherlands, France, and Switzerland accounted for the largest shares of the
asset growth. Among these countries,
growth rates were highest for affiliates in the Netherlands (20.7 percent)
and Germany (15.3 percent).
In "other" developed countries—
which consists of Australia, New Zealand, South Africa, and Japan—affiliate assets grew at a 16.1-percent rate.
Growth was particularly rapid in
Japan (20.3 percent), where domestic
markets grew rapidly and foreign investment controls were gradually
relaxed.




SURVEY OF CURRENT BUSINESS
Among developing countries, the
growth rate of affiliate assets was 13.3
percent in Latin America and 14.8
percent in "other" developing countries. In Latin America, affiliate in
Bermuda, Brazil, Mexico, and the
Netherlands Antilles accounted for
particularly large shares of the
growth. In Bermuda and the Netherlands Antilles, the growth was almost
entirely attributable to finance affiliates of U.S. petroleum and manufacturing MNC's, which assumed certain
financing functions for the worldwide
MNC operations during the period.
(The activities of these affiliates are
discussed in more detail below.)
In "other" developing countries, the
largest increases in affiliate assets
were in Saudi Arabia, Indonesia, Iran,
and South Korea. Among these countries, the growth rate was particularly high in South Korea.
For individual industries, the pattern of growth among areas often differed significantly from that for all
industries combined. For example, although the growth rates for all-industries combined were about the same
in developed and developing countries, petroleum affiliates grew significantly faster in developed countries
than in developing countries. Manufacturing affiliates, on the other
hand, grew faster in developing countries. In addition, affiliate growth
rates often varied significantly among
areas within individual industries.
Patterns of growth among areas for
each of the major industries, and
some of the factors that may have influenced those patterns, are discussed
below.
Mining—Assets of affiliates in
mining grew at an 11.4-percent rate
in developed countries and a 6.3-percent rate in developing countries
(table 3).
In developed countries, virtually all
the growth was in Canada and
"other" developed countries, mainly
Australia. Growth rates were significantly higher in Australia than in
Canada—16.9 percent compared with
8.7 percent—even though Australia,
like Canada, instituted policies in the
early 1970's that slowed the growth in
foreign investment. Policies in Australia may have been less restrictive
than those in Canada, particularly in
mining, where controls imposed ini-

April

tially were later relaxed in the interest of timely mineral resource development. Also, growth for Australian
affiliates was from a smaller 1966
base and it was more concentrated in
the mining of bauxite, which was subject to particularly sharp price increases during 1966-77.
In developing countries, growth was
largely in Latin America, where affiliate assets grew at a 6.0-percent rate.
The growth rate was particularly
high in Brazil, at 28.7 percent. Partly
offsetting were declines in assets in
Chile, Venezuela, and Surinam. The
decline in Chile resulted from nationalizations of affiliates, and those in
Venezuela and Surinam reflected a
change in BEA's industry classification rules; as a result of the change,
some affiliates that were in mining in
1966 were classified in primary
metals manufacturing in 1977.10
Petroleum—Assets of petroleum affiliates grew at a 13.7-percent rate in
developed countries and an 11.3-percent rate in developing countries.
In developed countries, growth was
rapid in both Europe (14.1 percent)
and "other" developed countries (15.9
percent). In Europe, affiliates in the
United Kingdom, Germany, the Netherlands, and Norway accounted for
particularly large shares of the
growth. Among these countries,
growth rates were highest in Norway
(34.6 percent) and the United Kingdom (16.9 percent), where affiliates
were engaged in exploration and development activities in the North Sea.
In "other" developed countries,
growth was centered in Japan, where
affiliates in refining and marketing
grew substantially.
In Canada, the country that accounted for the largest share of petroleum affiliate assets, the growth rate
was 11.7 percent. Growth was relatively slow because substantial development of Canada's oil resources and
petroleum distribution and refining
network had taken place before the
1966-77 period. Also, foreign investment in natural resource industries
was particularly affected by the previ-

10. In 1966, foreign affiliates with integral mining
and smelting operations were classified in mining. In
1977, such affiliates were classified in primary metals
manufacturing.

41

SURVEY OF CURRENT BUSINESS

April

Table 6.—Employment of Majority-Owned Foreign Affiliates, 1966 and 1977, Country by Industry of Affiliate
[Number of employees]
1966

All
industries 2

All countries
Developed countries

. .. .

Canada
Europe
European Communities (9)
Belgium
Denmark
France
Germany
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Greece
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
Other
dapan
Australia, New Zealand, and South
Africa
Australia
New Zealand
South Africa
Developing countries
Latin America
South America
Argentina ..
Brazil
Chile
Colombia
Ecuador
Peru
..
Venezuela
Other
Central America
Mexico
Panama
Other
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
Trinidad and Tobago
Other

Other

Other Asia and Pacific
Hong Kong
India
.
Indonesia
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Other
International 4
Addendum— OPEC

5

D

Manufacturing 3

Trade

Petroleum

Mining

Manufacturing 3

Trade

Finance
(except
banking),
insurance,
and real
estate

Other
industries

146,873

313,637

2,425,616

288,174

37,519

379,192

5,628,714

80,965

293,856

3,909,773

687,860

67618

588,642

40,052

166,934

1,933,225

201 019

32793

160 932

3 939 320

45424

161 466

2 807 126

572 730

57 654

294 920

733,072

21,383

38,122

520,435

63,464

26,545

63,123

940,080

27,079

49,761

574,541

4 103
(D)

110 539
95,511
3902
(D)
12,648
36062
(D)
8,577

1 238 975
1,151,483
65914
4,402
160,858
271 459
5,694
84,457
3718
34,313
520,668
87492
9,133
1,174
6712
4681
32,163
13039
15,537
3875
1 178

113613
89,181
7 111
(D)
17,839
22786
451
7490

4 615
3000
117
(D)
499
1090
0

77895

784

(D)
(D)

(D)

64
1051
1615
(D)
0

4,440
31794

2 611 306
2 307 649
130 125
17,628
368 158
515 707
26,445
185 010
7485
106 051
951 040
303 657
23,070
13863
18755
13 481
136 252
35684
42066
11676
8810

93 050
74888
4531
(DD)
( )
15594
2116
8372
105
5754
27562
18 162

1 549 740
1,402,417
78969
11,475
201 748
338 620
8,114
106 943
3877
49,810
602,861
147 323
13,717
5,279
10777
7339
40812
23606
30,999
8068
6726

o

0
0

o
(D)
o
o
o
o
(D)
o
D

(D )
()

o
o
o
o

(D)
(D)

(D)

4,714
24,447
15028
(D)
1,874
1738
(D)

508
4242
928
(D)
1 502

(D)

6,279
24,901
24432
1,914
611
1220
1282
3603
4939
8,709
1033
1 121

31377

o

3,030

18,628

5900

220 766
143,643
12801
64322

14566

15243
(D)

(D)

(D)

155 187
105,986
6486
42715

18042
8900
3339
5803

1,031,646

106,821

132,109

492,391

85 413

712 442
468 432
97574
140,084
42192
37181
5,858
59891
68,792
16860
193 108
120 731
15551
56,826
50902
5925
1461
(D)
11,012

70844
60984

57013
42594
3256
6,086

391 933
280 829
80977
115 255
6855
25084
1,570
16757
28013
6318
103 979
97272
*411
6,296
7 125
948
21

57584
39 436
4918
8706
2424
4636
2131
5533
9763
1325
15971
11 951
2771
1249
2177
781
57

(D)

(D)

(D)

189,177
15,274
52691
(D)

7,244
47509
3205
(D)
12,351
12754
(D)
24,410
123,903

(D)

o

(D)

1,242

(D)

(D)

(D)

(D)

4,649
345

o

26445

(D)

(D)

21,859

6439
6694

(D)

(D)

o

(D)

3 166

o
o
o

0
3 166
(D)
(D)

o
o

(D)

35,225
(D)
(D)
31,545
(D)

o

(D)
(D)

o
o

D

()
o
o
o
D
()

o
o
o
0
o
o
o

3,803

2568
716
386
1,466
11851
108
(D)
(D)

D

( )
1 251

1,167
(D)

D

( )

o
o

o

57

(D)
(D)

o

(D)
(D)

o
o
o
o
(D)
o
o
17561
13962

100

4052

(D)

(D)

132 159
42 804

2909
1 785
92
786
(D)
(D)
(D)
(D)

218

(D)

8009
10790
1992
(D)
(D)

(D)

(D)
(D)

645

63251

(D)

145

(D)

11838

(D)

(D)

479
338
46

26 104
3750

(D)

(D)

(°)

862
20 171

2,339
(D)

(D)
4297

26685
(D)
18,860
2,757
16103
(D)

2740
1 338
875
875

1341

399

o
o

(D)
(°)

(D)
(°)
(D)
(°)

264

91,520
10,017
30306

19,744
3,449
1510

1,172
370
(D)

880
8,435
1330
(DD)
(D)
(D )
( )
1,742

0
313

0
(D)
1,354
3,537
14,594

1,750
30,196
1 232
(D)
4,804
8,071
(D)
0

61,376

32,991

13,565

279

(D)

o
o
o

318 388
213 106
18016
87266

(D)

(D)

o

(°)

(D)
10737

(D)

(D)

o

(D)

(D)

1 178

o
o
(D)

29,927
750
(DD)
( )
1,171
3,823

(D)

o

69546

3,843

527

(D)

0

(D)

(D)
(D)

o

(D)
(D)

(D)
(D)

(D)

6744
1257
'572
121
564
5,487

(D)

(D)

4,403
810

6198
2355

525
414
111
(D)

(D)

1,422

18484
8875
1450
5424
2001
9,609
(D)
3,007
(D)

(»)

o

(°)
(D)

23

(D)
(»)

(D)

1925
(D)
9904
7223
(D)

(D)
(D)

(D)

Suppressed to avoid disclosure of data of individual companies.
1. Data are from BEA's 1966 and 1977 benchmark surveys of U.S. direct investment abroad.
Data in this table have been adjusted to improve comparability and, therefore, differ from previously published data. Majority-owned affiliates are affiliates owned more than 50 percent by all
U.S. parents combined. (See text for discussion.)
2. Comparable data for 1966 and 1977 on total assets of majority-owned affiliates by country
cross-classified by industry are available on request. Write Ned G. Howenstine, Bureau of Economic Analysis (BE-50), U.S. Department of Commerce, Washington, D.C. 20230.




All
industries 2

2,534 955

37858
2871
23,940
4524
19416
11,047

Middle East
Israel
OPEC
Iran.
Other
Other

Petroleum

Other
industries

3,591,011

92169
14662
3754
5783
5125
77,507
25714
7215
44,578

Other Africa
Saharan
Egypt
Libya
Other
Sub-Saharan
Liberia
Nigeria

Mining

1977

Finance
(except
banking),
insurance,
and real
estate

o

(D)

(D)

2161
(D)
(D)

822
(D)
21 908
627
(D)
(D)

1 119
3,580
(D)
(D)
(D)
(°)

688
(D)
(D)

(D)

0

4,742
354
0
(D)

(D)

(D)

(D)
(°)

(°)
(°)

(DD)

()
11,889

1 983 643
1 793 316
94043
7538
293 206
428 002
20*917
148 236
7269
73342
720 763
190 327
(D)
13636
1 767
7964
6247
6499
(D)
8 152
930
108 960
4608
19776
1009
16493
(D)
5968
1 010
2879

97440
19 316
5695
4883
8738
78 124
22506
11,835
43783
92420
9371
74,832
17857
56975
8217
403,320
39,731
36216
47703
34,723
95040
41 926
13,532
63,257
20096
11,096
36,765
224,480

(D)

o
o

(D)

5137

144 145
58 649
3224
33438
3 096

(D)
(D)

11 410
' (D)
76
(DD)
( )
1025

(D)

296
1936
(D)

(D)

30,994
1723
29271
(D)
21,127
595

6 104

(D)

1453
575
394
484
1 612
555
359
61

(D)
(D)

69544
15621
(D)
(D)

15952
4426
(D)
(D)

(D)
(D)

(D)
6957

38419
(D)

2316
42

2076
22720

4869

(D)

(D)

(D)

3679

1904

73
(D)
177

(D)
20127
(D)
8571

71,817

()

362

(D)

(D)

55,624

D

320

2398

(D)

(D)

o

(D)

o

516

784
24,181

0

12600
1,324
1 688
2429

520
82

(D)
(D)

0

o
o
o

(D)

(D)
(D)

5677
808

(»)

(D)

(D)

2275

(D)

(D)
(D)

295,763
30490
34562
12651
27,542
67258
33889
11,818
60,612
9716
7,225
0

o
o
(D)

(D)

(D)

25212
2492

8524
6230
1,845
1770
75
449

()

(D)

281 138

36434

D

1 065

o

6778
3 713

(D)

o
o
(D)
o

42

9 964

(D)

(°)

8425
2261
4865

79218
49 158
6380
16711
1 070
5 919
1096
3 843
13439
700
26 119
19 637
2377
4 105
3941
987
244
169
327
2214

(D)

(D)

515
75
996

(D)

115 130

o

9,981

(D)
(D)
(D)

773 148
492?758
84 887
300 715
4 174
28*778
3446
8 106
49840
12 812
234 051
205 228
1460
27363
46339
415

(D)

o
o
o
o

(D)
(D)

(D)
(D)

1 102 647

33013
18 122
3666
6'409
510
3094
671
990
2102
680
3481
1 050

17635
8077
2757
4 715
605
9,558
(D)
4,204

9981

11410

13719

108 209

o

(D)

763
9 540
2*218
' (D)
554

3792
3245
263
284

23 147
12 593

4558
5339

1 262
10905

(D)

51 754
37686
3 483
10585

35 541

515
5215
657

(D)
(D)
(D)

208 108
136 329
11 968
59811

1 652 629

o
o

(D)

(D)

8165

1 059 449
634 993
100 488
360 620
9 308
45070
7693
22 505
71 847
17 462
339 863
242 768
16921
80 174
84593
7207
2 100
3515
12340
59431

(D)

(D)

3350

(D)

(D)

151 918

15678

(D)

(D)

114,800

18704
16486
1469
' (D)
1565
2*440
' (D)
598

40834

(D)

1072

31,808

(D)

(D)

(D)

142,091
363 207
297 101
21643
5677
43882
53755
2051
16899
84
14782
138 328
66106
6866
1893
4087
3 801
17422
8 964
18703
556
3 814

(D)

(D)

4242
1 275
1,929
1 579
350
1038

o
o

(D)

313
128
54
0
54
131

(D)
12785

(D)
(D)

(D)

(D)

25,993
4872

2,357
919

(D)

(D)

(D)
2,855
898

200
(D)

3,271

19,592

1 037
1,639
6276
3014
554
2,049
4938
(D)
0

(D)

(D)

(D)

301
(D)
43

o

2293
(D)
233
3,909
(D)
12,584

952

(D)

(D)
(°)

3. Comparable data for 1966 and 1977 on employment of majority-owned affiliates by country
cross-classified by major manufacturing subindustry are available on request. For address, see
footnote 2.
4. Except for petroleum, data for 1966 and 1977 for "international" are not comparable because
the 1977 definition of "international" differed from that for 1966. (See text for discussion.)
5. OPEC consists of Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,
Quatar, Saudi Arabia, Venezuela and the United Arab Emirates.

42
ously mentioned "Canadianization"
policies.
In developing countries, affiliate
assets grew at a 6.7-percent rate in
Latin America and at a 14.2-percent
rate in "other." In Latin America,
growth was dampened by nationalizations in Venezuela. In "other,"
growth was primarily attributable to
affiliates engaged in crude oil production; it was strongest in Middle Eastern countries that were members of
the Organization of Petroleum Exporting Countries (OPEC) and in Indonesia, Nigeria, and Egypt.
Manufacturing—Nearly
four-fifths
of the increase in manufacturing affiliate assets was in developed countries.
This concentration reflected the much
larger 1966 base in these countries—
assets of manufacturing affiliates in
developed countries were almost five
times as large as those in developing
countries in 1966. Growth rates, however, were somewhat higher in developing countries—13.6 percent compared with 12.4 percent.
Growth was faster in developing
countries partly because markets
were growing faster there. Also, industrialization in a number of the
larger developing countries was particularly rapid during this period. Finally, policies of some Latin American countries that encouraged investment in import-competing industries,
and of some Asian countries that promoted domestic production of goods
for export, may have stimulated affiliate growth.
In developed countries, manufacturing affiliate assets grew more rapidly
in Europe (13.5 percent) than in
Canada (8.8 percent). The previously
mentioned factors were particularly
significant in manufacturing. Growth
in Europe was largely accounted for
by affiliates in the United Kingdom,
Germany, France, Spain, the Netherlands, Belgium, and Italy. Among
these countries, growth rates were
highest in Spain (18.9 percent) and
the Netherlands (18.2 percent).
In "other" developed countries, affiliate assets grew at a 14.5-percent
rate. Growth was largely attributable
to affiliates in Japan, where the
growth rate was 19.9 percent.
In developing countries, affiliate
assets grew at a 15.6-percent rate in
"other" developing countries and at a




SURVEY OF CURRENT BUSINESS
13.1-percent rate in Latin America.
Growth was more rapid in "other" developing countries, partly because
some economies, such as in Korea,
Hong Kong, Taiwan, and Singapore,
were growing particularly fast. Also,
in "other" developing countries, affiliate growth reflected strong growth in
exports, as well as in sales to local
markets. Policies in some of these
countries, such as the fast-growing
Asian countries mentioned above, promoted the manufacture, by both foreign and domestic investors, of products for export. In contrast, in Latin
America, the share of U.S. affiliate
sales that was to local markets was
much higher (and the share to export
markets much lower) than in "other"
developing countries. As a result, affiliate growth in Latin America depended to a significant degree on the
rate at which local markets grew or
on affiliates' ability to increase their
share of such markets. In addition, as
noted earlier, policies in Latin America often resulted in stimulating investment in import-competing, rather
than export-oriented, industries.11
In Latin America, affiliates in
Brazil, whose assets grew at a 21.8percent rate, accounted for almost 40
percent of the growth. Growth in the
Brazilian economy was particularly
rapid—real GNP grew at a 9.3-percent rate from 1966 to 1977. Mexican
and Venezuelan affiliates also accounted for substantial shares of
growth, although their growth rates—
11.8 and 13.3 percent, respectively—
were lower than in Brazil.
In "other" developing countries, affiliates in Korea, Taiwan, Singapore,
Israel, and Hong Kong accounted for
substantial shares of the growth. In
each, the affiliate growth rate exceeded 25 percent.
Trade—Growth rates for trade affiliates were 17.0 percent in developed
countries and 13.7 percent in develop-

11. Rough comparisons of data for majority-owned
affiliates from the two benchmark surveys indicate
that, in both 1966 and 1977, at least 90 percent of the
sales of manufacturing affiliates in Latin America
were to local markets. In contrast, in "other" developing countries, only about three-fourths of manufacturing affiliate sales in 1966, and less than one-half of
their sales in 1977, were to local markets. Export sales
of affiliates in "other" developing countries grew over
25 percent per year, more than twice as fast as the
local sales of Latin American manufacturing affiliates.

April

ing countries. Growth in both areas
was largely attributable to wholesale
trade affiliates.
The more rapid growth in developed countries probably reflected
these countries' greater importance as
markets for goods sold by U.S. MNC's,
whether the goods were produced in
the United States or other developed
countries. Growth was concentrated
in Europe, where affiliates in Switzerland, the United Kingdom, Germany,
and France combined accounted for
more than 60 percent of the European
total. Among these countries, the
growth rate was highest in Germany
(17.9 percent).
Growth rates were 13.0 percent in
Canada and 23.3 percent in "other"
developed countries. In the latter,
more than one-half of the growth was
attributable to Japanese affiliates.
Among
developing
countries,
growth rates were 11.5 percent in
Latin America and 19.7 percent in
"other". In Latin America, over onehalf of the growth was attributable to
affiliates in Venezuela, Brazil, and
Mexico; among these three, growth
was most rapid in Brazil. In "other"
developing countries, over one-half of
the growth was attributable to affiliates in Hong Kong, Iran, and Singapore; among these three, growth was
most rapid in Iran.
Finance (except banking), insurance,
and real estate.—Growth rates for affiliates in finance (except banking),
insurance, and real estate were 15.4
percent in developed countries and
26.1 percent in developing countries.
The especially rapid growth in developing countries was largely attributable to affiliates in Latin America, particularly those in Bermuda and the
Netherlands Antilles.
In Bermuda, growth largely reflected the 1974 establishment of, and subsequent increases in investment in, finance affiliates by U.S. petroleum
MNC's. Total assets of the new finance affiliates were boosted particularly by the transfer to them of accounts receivable due their U.S. parents from European petroleum affiliates. The value of these receivables
was large due to the sharp increase in
petroleum prices in 1973 and 1974.
In the Netherlands Antilles, growth
was strong because, early in the
period, U.S. MNC's established fi-

43

SURVEY OF CURRENT BUSINESS

April

Table 7.—Compound Annual Rates of Growth in Total Assets of Allied Foreign Affiliates and Employment of Majority-Owned Foreign Affiliates,
1966-77, Country by Industry of Affiliate 1
[Percent]
Total assets of allied affiliates

All
industries

AH countries
Developed countries
Canada
Europe .
Europe Communities (9)
Belgium
France
Germany
Ireland
.
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Greece
Norway
Portugal
Spain
. ..
Sweden
Switzerland. .
Turkey
Other

....

.

. ..

Mining

Petroleum

Manufacturing 2

Trade

Employment of majority-owned affiliates
Finance
(except
banking),
insurance,
and real
estate

Other
industries

All
industries 3

Mining

Petroleum

-5.3

-0.6

Manufacturing 2

Trade

Finance
(except
banking),
insurance,
and real
estate

Other
industries

13.6

9.4

13.0

12.6

15.9

18.1

12.7

4.2

4.4

8.2

5.5

4.1

13.6
10.0

11.4
8.7

13.7
11.7

12.4
8.8

17.0
13.0

15.4
10.1

14.7
10.0

4.1
2.3

1.2
2.2

-.3
2.5

3.5
.9

10.0
7.6

5.3
1.7

5.7
5.6

15.1
14.8
18.0
14.0
13.8
15.3
25.9
12.1
9.8
20.7
13.4
16.4
23.7
7.7
24.3
14.3
19.5
14.4
14.8
5.4
11.4

16.5
27.9
(D)

14.1
13.4
15.8
10.6
(D)
11.7
(D)
8.8
(D)
14.6
16.9
17.3
(D)
5.8
34.6
(D)
21.1
9.4
14.0
(D)
4.2

13.5
13.3
15.6
16.7
14.1
15.7
27.0
11.7
16.2
18.2
10.1
15.3
19.3
10.3
9.5
14.5
18.9
16.4
9.3
2.9
11.4

17.3
16.9
21.3
(D)
15.3
17.9
30.8
19.9
(D)
20.0
14.0
17.9
25.7
23.9
24.0
18.4
21.4
19.0
16.7
10.3
16.6

22.5
24.8
(DD)
( )
19.3
17.7
n.s.
31.9
5.5
40.7
29.1
17.6
(D)
33.6
(DD)
( )
29.8
(D)
16.1

4.9
4.6
4.7
4.0
5.6
3.9
11.4
5.1
6.2
7.1
4.2
6.8
4.8
9.2
5.2
5.7
11.6
3.8
2.8
3.4
2.5

-14.0
33.0
(D)

-1.6
-2.2
1.4
-2.5
(D)
-7.4
(D)
-.2
(D)
1.8
1.1
1.7
(D)
-.5
12.3
(D)
5.7
.8
.8
(D)
-3.6

4.4
4.1
3.3
5.0
5.6
4.2
12.6
5.3
6.3
7.2
3.0
7.3
3.7
19.0
-.3
5.2
11.7
3.9
.5
4.0
8.5

11.2
11.6
10.7
(D)
8.5
8.1
14.8
7.7
(D)
8.1
16.9
9.5
12.3
10.8
11.6
10.4
15.4
5.6
7.2
55
11.8

13.6
16.8
25.9
(D)
11.0
7.6
(DD)
( )
6.5
25.3
22.2
2.9
(D)

(D)

18.6
20.9
24.9
12.3
(D)
(D)
16.6
15.0
n.s.
42.4
12.3
11.7
(D)
-13.3
(D)
19.0
16.9
(D)
10.2
(DD)
( )

6.3
6.4
(D)
4.0
(D)
(D)
( DD)
( D)
( )
9.0
(D)
5.5
1.4
9.1
6.1
15.6
( DD )
( )
.9
(D)
(D)

19.0

19.9

28.0

25.4

20.8

7.5

(D)

7.4

9.3

(D)

5.6

(DD)
( )
n.s.

9.8
12.7
-.3
(D)

n.s.
(D)
(D)

(DD)
( )

(D)
-16.9
(DD)
( )

(DD)
( )

(D)
(DD)
(D)
( )
-3.2

-2.7

Japan

20.3

Australia, New Zealand, and South
Africa
Australia
New Zealand
South Africa

12.9
13.0
11.4
12.7

15.9
16.9
(DD)
( )

9.8
8.5
10.3
(D)

10.5
9.9
12.2
12.0

19.3
22.3
10.8
16.4

21.3
21.6
(DD)
( )

10.2
12.0
46
(D)

3.4
3.7
3.2
2.8

1.7
(DD)
( )
-4.6

(DD)
(D)
( )
(D)

2.7
2.3
5.7
3.1

10.1
14.0
.4
5.6

(D)
9.7
(°)
10.0

2.6
2.3
-6.4
(D)

13.8
13.3
8.7
3.9
21.3
-11.5
4.6
16.0
3.4
3.1
3.4
10.7
11.0
11.2
8.2
28.3
13.1
47.5
35.1
15.7
12.0

6.3
6.0
4.7
(D)
28.7
(DD)
( )

11.3
6.7
-1.5
4.4
15.8
(D)
1.0
37.1
8.3
-18.3
(D)
9.3
7.5
15.2
3.2
22.2
(DD)
( )
(DD)
(D)
( )

13.6
13.1
13.9
3.6
21.8
-.7
7.6
14.2
-1.3
13.3
15.3
11.9
11.8
13.9
12.7
8.7
-3.5
-2.8
(DD)
(D )
( )

13.7
11.5
11.5
10.9
14.7
2.0
10.6
15.4
(D)
14.2
(D)
9.8
11.5
6.6
17.7
16.2
16.0
(D)
33.8
(D)
22.8

26.1
26.3
4.8
48
25.1
(DD)
( )
22.2
-13.3
5.8
-6.1
14.4
7.4
15.9
30.6
44.8
7.7
65.2
(DD)
( )
28.1

8.9
4.3
2.7
14
16.8
-15.6
(D)
37
-13.1
(D)
7.6
3.5
9.7
1.4
1.3
8.6
(D)
18.9
(D)
11.2
(D)

4.4
3.7
2.8
.3
9.0
-12.8
1.8
2.5
-8.5
.4
.3
5.3
6.6
.8
3.2
4.7
1.8
3.4
(D)
1.0
(D)

-9.5
97
-13.4
(D)
-1.3
(D)
(D)

-1.8
-4.9
-7.5
1.1
.5
(D)
-3.6
6.2
(D)
-19.2
(D)
2.8
3.5
(DD)
( )
-.3
(DD)
(D)
(D)
( )
18

7.6
6.4
5.3
.4
9.1
-4.4
1.3
7.4
-6.4
5.4
6.6
7.7
7.0
12.2
14.3
18.6
-7.2
(DD)
( )
4.7
23.1

2.8
2.9
2.0
2.4
6.1
-7.2
2.3
59
-3.3
3.0
-5.6
4.6
4.6
-1.4
11.4
5.5
2.2
14.1
(DD)
( )
(°)

(D)
8.0
6.9
(D)
10.2
(DD)
( )
(D)
(D)
4.7
19.5
7.7
(D)
9.5
(D)
11.7
4.6
20.6
(DD)
( D)
( )

(D)
.8
2.9
(D)
13.9
-10.7
( DD )
( )
-13.8
(D)
1.7
.9
(DD )
( )
-.7
-4.4
1.5
-.1
40.3
(D)
92

Other Africa
Saharan
Eevpt....
Libya
Other
Sub-Saharan
Liberia
Nigeria
Other

10.5
8.8
25.4
2.8
10.6
11.5
13.7
17.8
8.8

(D)

10.3
7.9
26.3
2.8
6.2
13.8
(D)
15.0
(D)

10.0
14.0
(D)
(DD)
( )
9.4
.9
20.8
7.7

16.8
16.9
(D)
(D)
21.7
16.8
(D)
27.9
(D)

25.4
(D)
3.6

4
-.9
6.0
-1.3
-10.3
(*)
(D)
3.1
-1.8

13.6
.5
(D)
(DD)
( )
17.6
(D)
4.2
26.1

-1.6
-3.9
(D)
(DD)
( )
-1.1
(DD)
( D)
( )

(D)
(DD)
( )

19.5

.5
2.5
3.9
-1.5
5.0
.1
-1.2
4.6
-.2

(DD)
( )

(DD)
( D)
(D)
( )
31.7

( DD)
( )
(D)
-8.8
(DD)
( )
5.0

(DD)
( )

(D)
(DD)
( )
(DD)
( )
2.5
-.8
(DD)
( )

Middle East
Israel
OPEC
Iran
Other .
Other

17.6
21.4
19.4
19.2
19.5
4.3

32.8

15.2
(D)
16.6
14.3
17.2
3.7

23.7
25.6
24.9
24.1
45.7
5.4

38.1
51.6
46.5
47.3
43.4
16.5

30.6
(D)
(D)
26.7
(D)
20.1

23.3
1.4
( DD)
(D )
( )
2.1

8.5
11.4
10.9
13.3
10.3
-2.7

(D)

2.9
(D)
4.6
-4.2
5.6
-3.9

10.9
15.0
7.0
6.6

11.0
(D)
12.6
13.0
11.0
(D)

-2.2
(DD )
( D)
(D)
( )
-6.2

18.5
(DD)
( D)
( )
21.5
_ g

15.9
26.2
7.3

18.1
29.0
7.1
16.6
n.s.
11.5
37.8
n.s.
n.s.
20.8
(D)

17.4
12.8
(D)
9.8
(DD)
( )
36.1
(D)
13.0
(D)

7.1
9.1
-3.4
(D)
15.3
6.5
26.4
(D)
16.0
4.2
(D)

12.0

25.3
8.6
39.4
28.1
26.5
11.5
13.2

17.5
23.5
-.3
38.8
19.5
4.2
27.1
57.1
47.6
18.4
2.4

(D)

(D)

16.8
20.7
-6.2
25.0
17.8
(DD)
( D)
( D)
( )
13.2
(D)

4.9

13.0
9.5

15.5

18.8

13.9

22.4

5.6

Developing countries
Latin Amerira
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
.
Venezuela
Other .
Central America
Mexico
Panama
Other
Other Western Hemisphere
Bahamas
Bermuda ,
Netherlands Antilles .. .
Trinidad and Tobago
Other

Other Asia and Pacific
Hong Kong
India
Indonesia
Malaysia
Philippines
Singapore;
South Korea
Taiwan
Thailand
Other
Addendum— OPEC 5

..

.

..

,
. .

..

15.8
22.7
5.0
27.4
18.9
6.9
34.2
(D)
21.3
13.4
(D)
11.9

(DD)
( )
204
5.3
4.2

18.6"
15.8
(D)
(•>)"
15.5"

(DD)
( )
(D)

32.8
( DD)
( )
D

( )
(DD)
( )
n.s.

*Less than 0.5% (±).
Suppressed to avoid disclosure of data of individual companies.
n.s. Not shown. Growth rates are not shown in data cells in which total assets were less than
$500,000 in 1966 because rates calculated from such small bases tended to be erratic.
1. Growth rates are based on data in tables 5 and 6 which are, in turn, from BEA's 1966 and
1977 benchmark surveys of U.S. direct investment abroad. Data in tables 5 and 6 have been adjusted to improve comparability and, therefore, differ from previously published data. Allied affiliates are affiliates 25 percent or more owned by U.S. parents. Majority-owned affiliates are affiliates owne4 more than 50 percent by all U.S. parents combined. (See text for discussion.)
D




(D)

(DD)
( )
-20.5
22
(D)
(D)
4.9
(D)
(D)
4.5

(D)
-10.9
(DD)
( )
(D)
(DD)
( )
(D)

(»)"
(D)

ipy
(°)

-1.4

(°)"
52.2

-3.1
21
( DD )
( )
1.1
-7.2
( DD )
(D)
( )
(D)
-12.8

11.3
10.7
1.2

2.5
3.2
(D)

6.6
8.6
(D)

28.5
7.6
35.2
(D)
25.9
1.7
(D)

5.8
-2.7
7.7
(D)
(D)
(D)
-3.3

(DD)
( D)
(D)
( )
(DD i
( )

1.7
13.8
(D)
74.7
(DD)
( )
18.5
(DD )
( )
(D)
-17.4

4.7
.9

7.3

3.4

11.8

(D)

2. Comparable data on growth rates of both total assets of allied affiliates and employment of
majority-owned affiliates from 1966 to 1977, by country crossclassified by major manufacturing
subindustry, are available on request. Write Ned G. Howenstine, Bureau of Economic Analysis
(BE-50), U.S. Department of Commerce, Washington, D.C. 20230.
3. Comparable data on growth rates of total assets of majority-owned affiliates by country crossclassified by industry are available on request. For address, see footnote 2.
4. Except for petroleum, growth rates for "international" are not shown because the 1977 definition of international" differed from that for 1966. (See text for discussion.)
5. OPEC consists of Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,
Quatar, Saudi Arabia, Venezuela, and the United Arab Emirates.

44

SURVEY OF CURRENT BUSINESS

nance affiliates there in response to
mandatory controls on U.S.-source financing of foreign affilates. While the
controls were in effect (1968-74), these
affiliates borrowed funds in foreign financial markets and loaned them to
U.S. parents and other affiliates of
the parents. After the controls were
dismantled, new borrowing by these
affiliates declined and a smaller portion of the proceeds were transferred
to U.S. parents. However, these affiliates' assets were still large in 1977,
mainly because of the earlier buildup
of receivables due from their U.S. parents.
In developed countries, growth was
most rapid in Europe (22.5 percent),
where affiliates in finance (except
banking) and affiliates that were
holding companies, each accounted
for about 40 percent of the growth.
Growth of nonbank finance affiliates
in this area, as in Latin America, reflected the greater use of foreign capital markets by U.S. MNC's. For holding companies, the growth in assets
largely reflected these affiliates' increased holdings of equity in other
foreign affiliates of their U.S. parents.
Within Europe, more than one-half of
the growth was in the United Kingdom and Switzerland.
Growth was also rapid in ' 'other"
developed countries (22.2 percent).
Most of the growth was attributable
to affiliates in finance (except banking), particularly those in Australia.
Other industries.—Assets of affiliates in "other" industries—which consisted of agriculture, forestry, and
fishing; construction; transportation,
communication, and public utilities;
and services—grew at a 14.7-percent
rate in developed countries and an
8.9-percent rate in developing countries. Growth was slower in developing countries largely because assets of
affiliates in transportation, communications, and public utilities declined.
This decline probably reflected increasing pressure for public utilities
and transportation systems to be
owned and operated by domestic investors.
In developed countries, almost 70
percent of the growth in "other" industries was attributable to affiliates
in Europe, where the growth rate was
18.6 percent. Affiliates in the Netherlands, Germany, and the United

Kingdom accounted for most of the
growth.
In developing countries, affiliates in
"other" accounted for almost threefourths of the growth. Growth was
largely attributable to affiliates in
OPEC members in the Middle East.




April

in these industries, employment
growth may have been depressed, and
asset growth boosted, by a shift to
more capital-intensive (and less laborintensive) methods of production
during 1966-77.
In mining, the declines in MOFA
employment were particularly large
in Latin America and "other" develEmployment
oping countries (table 4). In Latin
Affiliates employment grew at a America, the declines were largest in
4.2-percent rate, a much lower rate Chile, where affiliates were nationalthan that for total assets (table 3). ized, and in Peru, where policies
The employment growth rate was adopted in 1971 required that compalower partly because employment nies become at least 51 percent Perudata, unlike total assets data, are not vian owned. In "other" developing
affected by changes in valuation due countries, the largest decline was in
to inflation and changes in exchange Zambia, where, like Peru, policies
were aimed at increasing domestic
rates.
The employment growth rates dis- ownership of companies to at least 51
cussed are for majority-owned foreign percent. In addition, in both Latin
affiliates (MOFA's)—i.e., affiliates America and "other" developing counthat are more than 50 percent owned tries, employment in mining declined
by their U.S. parents—because em- because of the change in BEA indusployment data were collected only for try classification rules noted earlier.
In petroleum, MOFA employment
these affiliates in 1966.12 The pattern
declined
in both developed and develbased on employment of MOFA's may
differ from that based on assets dis- oping countries. In developed councussed above, partly because the tries, the decline was more than acassets data covered allied affiliates. counted for by affiliates in Europe.
However, comparison of growth in The largest decline was in Germany,
total assets of majority-owned and where a large petroleum affiliate sold
allied affiliates indicates that the its coal mining operation to a domeseffect of this difference in coverage is tic concern. In developing countries,
small among both industries and the decline was more than accounted
areas. By industry, the largest differ- for by affiliates in Latin America. The
ence was in mining, where MOFA largest decline was in Venezuela,
assets grew at a 6.1-percent rate and where affiliates were nationalized.
Differences between the pattern of
allied affiliates' assets grew at a 9.4percent rate. By area, the largest dif- growth based on employment and
ference was in the developing coun- that based on assets resulted in differtries, where MOFA assets grew some- ences in the ranking of major induswhat slower than assets of allied af- tries in terms of their growth rates.
filiates. The following discussion com- For example, based on employment,
pares growth rates of employment the fastest growing industry was
trade, while, based on assets, it was fiand of assets for MOFA's only.
The pattern of growth among indus- nance (except banking), insurance,
tries based on employment differed and real estate. The unusually high
from that based on total assets. For employment growth rate in trade was
example, in both mining and petro- partly a consequence of underreportleum, employment of MOFA's de- ing of employment by a major Euro13
clined, even though their total assets pean retail trade affiliate in 1966.
grew. Asset growth in these industries The unusually high asset growth rate
was significantly boosted by inflation in finance (except banking), insurand changes in exchange rates. Also,

12. Data for MOFA's in this article differ in coverage from those published in U.S. Direct Investment
Abroad, 1977 (see the technical note).

13. Although there is some evidence that employment for some affiliates in industries other than trade
may have also been underreported in 1966, the effect
on the employment growth rates in these industries
was probably relatively minor.

SURVEY OF CURRENT BUSINESS

April

45

ates, as well as those owned more
ance, and real estate, as noted earlier,
Technical Note
than 50 percent. However, in the 1977
largely reflected the sharp increase in
benchmark survey, in order to be conthe assets of affiliates that provided
financial services within the MNC or Adjustments to improve comparability sistent with generally accepted accounting principles, the definition of
that were holding companies. The
MOFA's was changed to include only
strong growth in these assets was acaffiliates owned more than 50 percompanied by little or no growth in
For foreign affiliates, the 1966 and cent. An adjustment was also made to
employment.
The pattern of growth based on the 1977 data shown in tables 1-7 have the 1966 data for MOFA's to include
two measures also differed among been adjusted to improve comparabil- data for affiliates in which no one
areas. For example, based on employ- ity; therefore, they differ from data U.S. person had an ownership interment, growth of MOFA's was more previously published for both years. est of more than 50 percent but in
rapid in developing countries; based For U.S. parents, the 1966 and 1977 which the combined ownership of all
in table 1 U.S. parents exceeded 50 percent.
on total assets, growth was more data on total assets shown 14
Such affiliates were excluded from
rapid in developed countries. This dif- are as previously published.
The adjustments to the affiliate previously published 1966 data, but
ference occurred because, although
assets grew faster than employment data at the all-country, all-industry included in the 1977 data, for
in both areas, they grew slower rela- level are shown in table A, for allied MOFA's.
The only adjustment made to the
tive to employment in developing affiliates, 15 and in table B, for
countries. U.S. parents reduced their MOFA's. The 1966 data for both 1977 data as previously published was
ownership in a number of large affili- allied affiliates and MOFA's were ad- to exclude affiliates owned at least 10
ates in developing countries during justed to exclude publicly held foreign percent but under 25 percent by U.S.
the period. These reductions had a affiliates. These are foreign affiliates parents. As explained in the text, this
proportionately
larger
negative in which ownership is dispersed so adjustment was necessary because, in
impact on assets than on employment that no one U.S. person has an inter- 1966, data were collected on total
because they mainly involved affili- est of 10 percent or more. Such affili- assets only for allied affiliates.
Both the 1966 and 1977 data for
ates in mining and petroleum, indus- ates were included in the direct intries in which capital intensities and, vestment universe in 1966 if the com- MOFA's in this article cover all affilitherefore, asset-labor ratios were bined ownership of all U.S. persons ates owned over 50 percent by their
high. In addition, manufacturing af- was at least 50 percent. However, in U.S. parents, regardless of the size of
filiates' capital intensity may have in- the 1977 benchmark survey, direct in- their assets, sales, or net income. The
creased at a slower pace in developing vestment was defined from a single- 1977 data for MOFA's in this article
countries; thus, a given increase in af- owner viewpoint, rather than the na- differ, therefore, from those published
filiates'
manufacturing
capacity tional viewpoint used previously. As a in U.S. Direct Investment Abroad,
would have resulted in a smaller in- result, these publicly held affiliates 1977, which covered only the larger
crease in assets (and a larger increase were not included in the 1977 data.
In addition, the 1966 data for
in employment) in developing counMOFA's were adjusted to exclude aftries than in developed countries.
B.—Adjustments to the 1966 Data for
filiates owned exactly 50 percent by Table
Majority-Owned Affiliates To Improve ComU.S. parents. In previously published
parability With the 1977 Data
Table A.—Adjustments to Improve the Compa1966 data, MOFA's were defined to inrability of the 1966 and 1977 Data for Allied
Employclude exactly 50-percent-owned affiliAffiliates
Total
ment
[Millions of dollars]
Total
assets
1966 data for:
1. Universe of allied
nonbank affiliates of nonbank parents 1 ..
2. Less: publicly held affiliates
3. Equals: allied affiliates as shown in tables 13
...

113,884
4,512
109,372

1977 data for:
4. Universe of all nonbank affiliates owned
percent or more by nonbank
U.S. parents,
previously published2
5. Less: affiliates owned between 10 and
percent
6. Equals: allied affiliates as shown in tables
3

10
as
25
1-

490,178
46,800
443,378

1. Total assets for allied affiliates for 1966 were previously
published in table 1-1 of U.S. Direct Investment Abroad, 1966.
The total of $128,939 million shown in table 1-1 differs from
the total shown here because it includes, but the total shown
here excludes, bank affiliates (which had total assets of $14,683
million) and nonbank affiliates of bank parents (which had
total assets of $372 million).
2. Previously published in table II.A.I of U.S. Direct Investment Abroad, 1977.




14. Total assets of U.S. parents for 1966 were previously published in table O-l of U.S. Direct Investment
Abroad, 1966. The total of $630,370 million shown
there differs from that shown in table 1 of this article
because it includes, but the total in table 1 excludes,
banks (which had total assets of $108,504 million).
Total assets of nonbank U.S. parents of nonbank affiliates were previously published in table II.N.l of U.S.
Direct Investment Abroad, 1977. The 1977 data exclude
nonbank parents that have only bank affiliates. These
parent companies could not be excluded from the 1966
data. However, even if they could have been, the
effect on the data would almost certainly have been
negligible.
15. To be consistent with the 1977 data for affiliates
published in this and other articles based on the 1977
benchmark survey, the 1966 data in tables 1-7 were
adjusted to exclude bank affiliates and nonbank affiliates of bank parents. See footnote 1, table A and footnote 1, table B for the amounts involved for allied affiliates and MOFA's, respectively.

1. Majority-owned nonbank
affiliates
of nonbank parents J

assets
(Millions
of dollars)

(Number
of
employees)

99,830

3,846,904

2. Less: publicly held affiliates

4,337

112,396

3. Less: affiliates that were owned
50 percent

5,908

213,668

4. Plus: affiliates owned more than
50 percent on a combined ownership basis

2406

70,171

5. Equals: majority-owned affiliates
as shown in tables 3 and 4

91992

3,591,011

1. Total assets and employment for majority-owned affiliates
for 1966 were previously published in tables 1-24 and K-l,
respectively, of U.S. Direct Investment Abroad, 1966. The total
for assets in table 1-24 of $113,633 million differs from the
total shown here because it includes, but the total shown here
excludes, bank affiliates (which had total assets of $13,615
million) and nonbank affiliates of bank parents (which had
total assets of $188 million). Similarily, the total for employment in table K-l of 3,874 thousand (the unrounded total was
3,874,246) differs from the total shown here because it includes, but the total shown here excludes, bank affiliates
(which had 27,086 employees) and nonbank affiliates of bank
parents (which had 256 employees).

SURVEY OF CURRENT BUSINESS

46
MOFA's—those with assets, sales, or
net income greater than $3 million.
No
other
tions,
1977.

adjustments were made for
differences in concepts, definiand coverage between 1966 and
They included the treatment of




April

petroleum trading companies and these differences on the comparisons
U.S. airline and ship operators' for- was small. For a discussion of these
eign stations, ticket offices, and termi- differences, see U.S. Direct Investment
nal port facilities, and, for data disag- Abroad, 1977 and Obie G. Whichard,
gregated by area, the definition of the "U.S. Direct Investment Abroad in
"international" category (see footnote 1980," SURVEY 61 (August 1981): 289). It is believed that the effect of 39.

Errata
Table 6 of the article "Employment and Employee Compensation of
U.S. Multinational Companies in 1977" in the February 1982 SURVEY OF
CURRENT BUSINESS contained errors in the rows for France, the Netherlands, and the United Kingdom. The corrected table is republished below.
The errors were in the employment estimates for "all manufacturing establishments"; the affiliate shares of this employment have been recomputed based on the corrected figures.
Table 6.—Employment in Manufacturing (Including Petroleum and
Coal Products) by All Manufacturing Establishments and by Foreign
Affiliates in 10 Developed Countries, 1977
[Thousands of employees, or percent]

Belgium
Canada
Denmark
France
Germany
Italy
Japan
Netherlands
Sweden
United Kingdom

.

... .

Foreign affiliates
as percentage of all
Majormanufacturing
ityestablishments
owned
affiliates
in
MajoritymanuAll
owned
facturing affiliates
affiliates

All
manufacturing
establishments

All
affiliates
in
manufacturing

966
1,714
468
5,683
8,383

120
657
11
368
498

95
597
9
298
439

12
38
2
6
6

10
35
2
5
5

4,910
12,066
1,031
969
7,204

175
202
100
26
829

151
40
75
19
723

4
2
10
3
12

3
(*)
7
2
10

* Less than 0.5 percent.
NOTE.—Estimates for manufacturing establishments were prepared by the Office of Productivity and Technology, Bureau of Labor Statistics, U.S. Department of Labor. Definition and
coverage of employment by all manufacturing establishments differ slightly among countries.

47

SURVEY OF CURRENT BUSINESS

April

State Personal Income
Table 1.—Total Personal Income, States and Regions

1

[Millions of dollars, seasonally adjusted at annual rates]

1981

1980

1979
State and region

Percent change

I'

II r

III r

IV r

I'

II r

mr

IV

Ir

II r

III/

IV P

1,860,031

1,901,935

1,968,432

2,028,605

2,086,232

2,114,368

2,183,711

2,258,205

2,327,381

2,376,157

2,449,670

2,493,092

10.4

1.8

106,072

108,288

112,211

115,896

120,148

122,055

126,144

131,062

134,348

137,134

140,538

143,213

9.3

1.9

30,782
7,576
49,465
7,106
7,701
3,441

31,261
7,732
50,663
7,269
7,849
3,514

32,492
8,015
52,439
7,514
8,121
3,630

33,637
8,286
54,071
7,791
8,359
3,752

35,104
8,518
55,880
8,115
8,648
3,883

35,498
8,693
56,956
8,199
8,790
3,919

36,841
8,943
58,856
8,450
9,033
4,021

38,249
9,322
61,068
8,893
9,336
4,193

39,576
9,461
62,165
9,068
9,760
4,318

40,138
9,700
63,796
9,283
9,801
4,416

41,327
9,928
65,170
9,547
10,055
4,512

41,857
10,132
66,550
9,796
10,278
4,600

9.4
8.7
9.0
10.1
10.1
9.7

1.3
2.1
2.1
2.6
2.2
2.0

372,279

379,887

392,350

404,055

416,300

423,215

435,932

450,783

462,704

472,495

485,927

493,368

9.4

1.5

5,257
6,628
38,259
69,261
155,387
97,487

5,377
6,811
39,062
70,499
158,613
99,525

5,544
7,101
40,332
72,818
163,734
102,822

5,725
7,300
41,654
75,222
168,177
105,977

5,959
7,434
42,778
77,887
173,185
109,057

5,993
7,509
43,270
79,162
177,155
110,126

6,182
7,830
44,719
81,448
182,916
112,837

6,422
8,048
46,358
84,698
188,728
116,528

6,587
8,227
47,593
86,744
194,134
119,418

6,682
8,373
48,439
88,578
198,785
121,638

6,882
8,640
49,843
90,979
204,518
125,067

6,845
8,799
50,815
92,477
208,009
126,424

6.6
9.3
9.6
9.2
10.2
8.5

-.5
1.8
1.9
1.6
1.7
1.1

Great Lakes

366,103

371,965

382,067

390,512

399,561

400,223

411,034

422,575

433,433

440,166

451,949

455,194

7.7

.7

Illinois
Indiana
Michigan
Ohio
Wisconsin

106,424
44,887
84,646
91,709
38,437

109,157
45,242
85,321
92,464
39,782

112,935
46,141
87,003
94,897
41,091

115,445
47,194
88,464
97,143
42,266

117,592
47,958
90,703
99,837
43,471

118,115
47,788
89,962
100,662
43,697

121,092
50,152
92,396
102,774
44,620

123,017
50,553
96,914
106,276
45,815

127,892
51,958
98,515
108,678
46,390

129,613
52,105
100,981
110,492
46,975

133,616
53,381
102,823
113,625
48,504

135,139
53,750
103,023
114,425
48,857

9.9
6.3
6.3
7.7
6.6

1.1
.7
.2
.7
.7

141,336

145,989

150,127

153,971

155,570

156,304

160,919

165,264

171,428

174,131

179,970

183,690

11.1

2.1

25,079
20,363
34,284
38,729
12,909
5,064
4,907

25,535
21,425
35,598
39,483
13,617
5,180
5,151

25,964
22,063
36,553
40,912
14,010
5,338
5,288

26,307
22,681
37,723
41,776
14,154
5,832
5,498

26,649
22,740
38,941
42,505
13,879
5,518
5,338

26,697
22,881
39,149
42,674
14,006
5,571
5,326

27,328
23,578
40,300
44,225
14,454
5,623
5,412

28,079
24,269
41,244
45,388
14,862
5,864
5,558

28,518
24,983
42,718
47,233
15,739
6,437
5,799

28,977
25,544
43,094
48,043
15,831
6,694
5,948

29,825
26,284
44,685
49,577
16,483
6,998
6,119

30,360
26,783
45,502
50,322
16,883
7,593
6,247

8.1
10.4
10.3
10.9
13.6
29.5
12.4

1.8
1.9
1.8
1.5
2.4
8.5
2.1

366,491

374,169

387,219

400,808

411,709

418,877

433,934

449,317

464,325

474,849

491,557

500,753

11.4

1.9

25,566
14,836
71,949
37,960
25,167
29,461
14,767
39,880
19,391
31,092
42,968
13,455

25,876
14,869
74,126
38,773
25,443
30,244
14,802
40,726
20,037
31,582
44,080
13,613

26,387
15,460
77,591
40,101
26,100
31,380
15,315
41,800
20,702
32,649
45,529
14,205

27,648
15,887
80,676
41,380
26,811
32,764
16,096
42,907
21,476
33,503
47,146
14,514

28,206
16,154
83,979
42,231
27,466
33,856
16,091
44,479
21,853
34,253
48,238
14,902

28,423
15,965
86,419
42,984
27,596
34,783
16,140
45,451
22,255
34,650
49,262
14,948

29,125
16,683
90,465
44,644
28,296
36,303
16,789
46,480
22,982
35,856
50,938
15,372

30,199
17,045
93,911
46,315
29,115
37,605
17,248
48,061
23,769
37,015
53,178
15,856

31,214
17,805
96,957
48,168
30,143
38,984
17,736
49,698
24,522
38,281
54,543
16,273

31,601
18,241
100,287
49,306
30,125
40,303
18,139
51,355
25,194
39,211
55,668
15,420

32,546
18,908
104,760
50,545
31,722
41,653
18,670
52,494
25,833
40,338
57,502
16,585

33,127
18,889
107,330
51,750
31,873
42,506
18,913
53,131
26,416
40,896
59,132
16,791

9.7
10.8
14.3
11.7
9.5
13.0
9.7
10.5
11.1
10.5
11.2
5.9

1.8
I
2.5
2.4
.5
2.0
1.3
1.2
2.3
1.4
2.8
1.2

United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

Plains

...

Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

1980 IV
1981 IV

1980 III
1981 IV

163,325

168,634

175,882

182,636

188,772

192,895

200,586

208,440

217,849

224,513

233,357

239,730

15.0

2.7

Arizona
New Mexico .
Oklahoma
Texas

19,787
8,749
22,945
111,844

20,339
8,994
23,713
115,588

21,457
9,300
24,741
120,384

22,270
9,592
25,519
125,255

23,112
9,932
26,430
129,298

23,542
10,076
26,867
132,410

24,106
10,387
27,992
138,101

25,291
10,671
28,683
143,795

25,910
11,035
30,375
150,529

26,594
11,334
31,071
155,514

27,504
11,704
32,132
162,016

28,340
11,889
33,046
166,456

12.1
11.4
15.2
15.8

3.0
1.6
2.8
2.7

Rocky Mountain

50,403

51,726

54,081

55,733

57,870

58,472

60,560

63,065

65,135

66,541

68,667

70,282

11.4

2.4

24,234
6,642
5,878
9,510
4,140

24,846
6,784
6,022
9,739
4,335

26,056
7,040
6,232
10,230
4,522

26,792
7,278
6,448
10,504
4,711

27,942
7,612
6,627
10,821
4,868

28,259
7,501
6,674
11,029
5,008

29,379
7,785
6,842
11,360
5,195

30,629
8,044
7,146
11,787
5,459

31,689
8,251
7,439
12,146
5,611

32,491
8,454
7,603
12,316
5,676

33,569
8,676
7,744
12,826
5,852

34,406
8,794
7,891
13,153
6,038

12.3
9.3
10.4
11.6
10.6

2.5
1.4
1.9
2.6
3.2

Southwest

Colorado
Idaho
Montana
Utah
Wyoming

281,299

288,354

301,070

311,221

322,028

327,747

339,470

352,084

362,110

369,951

380,745

389,352

10.6

2.3

California
Nevada
Oregon
Washington

217,308
7,042
21,102
35,847

222,273
7,213
21,832
37,037

232,286
7,591
22,607
38,586

240,160
7,894
23,312
39,855

248,677
8,219
23,890
41,242

253,509
8,334
24,078
41,825

262,526
8,717
24,738
43,489

272,634
9,107
25,425
44,917

280,294
9,413
25,868
46,535

287,223
9,662
26,311
46,755

296,053
9,948
26,744
48,000

303,291
10,298
27,007
48,756

11.2
13.1
6.2
8.5

2.4
3.5
1.0
1.6

Alaska
Hawaii . . .

4,452
8,272

4,452
8,471

4,629
8,797

4,737
9,035

4,876
9,397

5,013
9,568

5,261
9,871

5,409
10,209

5,617
10,430

5,686
10,693

5,939
11,020

6,128
11,382

13.3
11.5

3.2
3.3

106,072
322,135
366,103
141,336
275,746
96,593
179,087
85,980
286,981

108,288
328,637
371,965
145,989
282,604
97,702
184,413
88,272
294,064

112,211
339,373
382,067
150,127
292,904
100,451
191,965
92,429
306,905

115,896
349,376
390,512
153,971
302,778
104,058
199,424
95,490
317,100

120,148
360,130
399,561
155,570
311,853
106,016
205,739
99,132
328,083

122,055
366,443
400,223
156,304
318,092
106,809
210,025
100,423
333,993

126,144
377,200
411,034
160,919
329,613
110,066
219,079
103,771
345,885

134,348
400,296
433,433
171,428
352,569
117,374
237,693
111,494
368,745

137,134
409,000
440,166
174,131
360,724
119,075
245,129
114,131
376,667

140,538
420,563
451,949
179,970
373,083
123,276
254,710
117,824
387,755

143,213
426,909
455,194
183,690
381,008
124,808
260,897
120,809
396,564

9.3
9.5
7.7
11.1
11.4
9.9
14.9
11.7
10.6

1.9
1.5
.7
2.1
2.1
1.2
2.4
2.5
2.3

Far West

Census regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
r

Re vised.
" Preliminary.
1. Detail may not add to higher level totals because of rounding. The personal income shown
for the United States differs from that in the national income and product accounts, primarily
because it omits income received by Federal Government employees overseas.




131,062
389,954
422,575
165,264
341,919
113,577
227,127
108,134
358,594

NOTE.—The quarterly estimates of State personal income were prepared by Francis G. McFaul
with the aid of Thelma E. Harding, under the supervision of Robert L. Brown. Tables were prepared by Eunice P. James and Kathy A. Albetski.
The quarterly personal income estimates have also been revised for the years 1969-78. Quarterly estimates for the years 1969-81 are available from the Regional Economic Information System,
BE-55, Bureau of Economic Analysis, U.S. Dept. of Commerce, Washington, D.C. 20230.

48

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total and Per Capita Personal Income and Percent Changes by States and Regions l
Per Capita personal
income

Total personal income
Millions of dollars
State and region

1979 r

Percent
change
1980-81

Percent change 1980-81

Dollars

TWol

1980 r

1981*

personal
income

Labor and proprietors' income

Nonfarm

Mining
and
Manuconfacturing
struction

1980 r

1981"

1,939,751

2,160,629

2,411,575

11.6

8,638

9,511

10,517

11.6

10.4

9.0

10.4

8.5

10.8

8.3

11.1

11.0

110,617

124,852

138,808

11.2

8,960

10,086

11,154

11.2

9.6

13

9.7

5.3

10.4

7.7

10.2

10.7

32,043
7,902
51,660
7,420
8,008
3,584

36,423
8,869
58,190
8,414
8,952
4,004

40,724
9,805
64,420
9,424
9,973
4,462

11.8
10.6
10.7
12.0
11.4
11.4

10,337
7,025
8,990
8,137
8,371
7,087

11,692
7,868
10,118
9,119
9,429
7,810

12,995
8,655
11,158
10,073
10,466
8,654

11.8
10.6
10.7
12.0
11.4
11.4

10.3
8.6
9.2
11.1
9.5
10.0

3.3
-17.9
-20.3
-.2
20.5
19.1

10.3
8.8
9.3
11.1
9.5
9.6

7.3
8.8
2.9
6.3
8.0
9.8

10.7
8.9
10.4
11.8
9.8
9.6

11.3
-5.0
8.1
11.6
1.0
8.0

10.5
10.9
9.6
11.4
10.6
11.9

10.8
9.4
11.0
12.2
10.1
8.2

387,143

431,559

478,623

10.9

9,140

10,189

11,297

10.9

9.7

17.5

9.6

6.8

10.2

5.6

9.4

11.0

5,476
6,960
39,827
71,950
161,478
101,453

6,140
7,706
44,281
80,799
180,497
112,137

6,749
8,510
49,172
89,694
201,361
123,137

9.9
10.4
11.0
11.0
11.6
9.8

9,144
10,616
9,430
9,758
9,157
8,544

10,291
12,050
10,477
10,935
10,252
9,427

11,279
13,487
11,534
12,115
11,440
10,373

9.9
10.4
11.0
11.0
11.6
9.8

7.7
9.0
9.5
9.8
10.6
8.3

48.4
43.5"
9.2
9.5
16.9

7.2
9.0
9.2
9.8
10.6
8.2

7.5
7.8
6.0
7.0
7.4
5.6

7.2
10.1
10.3
10.3
11.2
8.6

-10.5
-4.1
3.0
10.6
10.0
1.7

6.6
2.9
9.2
8.5
10.1
9.4

10.6
11.1
11.7
11.3
11.7
9.0

Great Lakes

377,662

408,348

445,185

9.0

9,076

9,776

10,687

9.0

6.9

.6

7.0

6.9

7.0

3.4

8.1

7.6

Illinois
Indiana
Michigan
Ohio
Wisconsin

110,990
45,866
86,359
94,053
40,394

119,954
49,112
92,494
102,387
44,400

131,565
52,798
101,335
111,805
47,681

9.7
7.5
9.6
9.2
7.4

9,717
8,377
9,337
8,710
8,657

10,479
8,924
9,967
9,460
9,413

11,479
9,656
11,009
10,371
10,056

9.7
7.5
9.6
9.2
7.4

7.7
5.1
7.2
7.6
4.9

159.6
-41.4
1.8
476
-27.0

6.4
6.2
7.2
8.2
6.5

7.2
6.2
6.7
6.7
7.9

6.3
6.1
7.3
8.4
6.3

-3.7
2.3
36
-4.1
-8.3

4.9
7.9
10.3
9.3
7.2

8.4
5.1
5.7
9.4
7.4

147,856

159,514

177,305

11.2

8,648

9,261

10,286

11.2

9.5

29.3

8.7

7.6

8.8

4.0

9.8

9.1

25,721
21,633
36,040
40,225
13,672
5,354
5,211

27,188
23,367
39,908
43,698
14,300
5,643
5,408

29,420
25,899
44,000
48,794
16,234
6,930
6,028

8.2
10.8
10.3
11.7
13.5
22.8
11.5

8,818
9,216
8,925
8,227
8,740
8,209
7,563

9,310
9,864
9,765
8,865
9,086
8,626
7,818

10,149
10,870
10,747
9,876
10,296
10,525
8,793

8.2
10.8
10.3
11.7
13.5
22.8
11.5

5.4
9.6
8.6
9.6
12.3
26.5
9.6

-26.9
-11.0
22.1
49.8
148.1
252.9
12.1

7.3
10.5
8.0
9.0
7.4
12.6
9.4

5.6
9.9
7.2
6.9
8.9
8.7
9.0

7.6
10.7
8.1
9.3
7.1
13.7
9.5

25
5.7
-6.2
18.4
-5.8
16.0
4.2

9.2
12.3
10.7
8.5
7.8
9.9
12.4

8.0
10.8
8.9
8.6
8.5
13.5
9.8

382,170

428,459

482,871

12.7

7,353

8,104

9,011

12.7

11.9

22.6

11.6

10.2

12.0

8.0

13.0

12.2

26,369
15,263
76,085
39,553
25,880
30,962
15,245
41,328
20,401
32,206
44,930
13,947

28,988
16,462
88,693
44,044
28,118
35,637
16,567
46,118
22,715
35,444
50,404
15,270

32,122
18,461
102,333
49,942
30,966
40,861
18,364
51,670
25,491
39,682
56,711
16,267

10.8
12.1
15.4
13.4
10.1
14.7
10.9
12.0
12.2
12.0
12.5
6.5

6,815
6,726
8,034
7,337
7,103
7,480
6,079
7,124
6,609
7,104
8,438
7,192

7,434
7,185
8,993
8,041
7,662
8,456
6,557
7,832
7,265
7,702
9,406
7,814

8,200
8,042
10,050
8,960
8,455
9,486
7,256
8,679
8,050
8,604
10,445
8,334

10.8
12.1
15.4
13.4
10.1
14.7
10.9
12.0
12.2
12.0
12.5
6.5

9.5
11.1
14.6
12.9
9.2
14.8
10.0
11.5
11.7
10.9
11.9
3.0

37.3
24.1
-4.0
97.5
21.6
-15.5
7.0
29.4
81.8
51.3
36.8
-27.5

9.1
10.4
15.0
12.3
8.7
15.2
10.1
10.8
11.0
10.5
11.6
3.2

9.1
7.4
12.0
10.7
6.5
14.0
7.8
9.1
11.0
6.3
12.2
6.2

9.1
11.0
15.6
12.6
9.1
15.4
10.6
11.2
11.1
11.4
11.4
2.7

-3.6
5.9
17.7
10.1
9.0
15.4
15.3
5.1
5.0
6.2
1.3
-9.1

11.4
12.6
18.0
13.4
9.2
18.4
12.1
12.2
10.9
13.1
13.3
6.7

9.9
10.8
14.8
12.5
9.1
14.4
8.8
11.2
12.3
10.9
12.4
7.4

172,619

197,673

228,862

15.8

8,308

9,270

10,408

15.8

16.2

7.8

16.4

11.7

17.3

20.7

19.6

15.3

20,963
9,159
24,229
118,267

24,013
10,266
27,493
135,901

27,087
11,491
31,656
158,629

12.8
11.9
15.1
16.7

7,945
7,153
8,158
8,516

8,814
7,878
9,066
9,528

9,693
8,654
10,210
10,743

12.8
11.9
15.1
16.7

11.2
10.9
16.0
17.4

-28.2
-21.6
-2.4
25.0

12.2
12.1
16.5
17.3

8.0
10.3
9.5
13.1

13.2
12.7
18.1
18.0

8.8
12.9
30.2
21.1

16.9
8.6
18.1
20.5

13.0
13.3
13.9
16.1

United States
New England
Connecticut
Maine. . ..
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii

. .

1979 r

Total

Farm

Govt.

Private

Other

52,986

59,991

67,656

12.8

8,229

9,135

10,057

12.8

12.0

-1.9

12.5

9.2

13.3

14.4

15.0

12.4

25,482
6,936
6,145
9,995
4,427

29,053
7,735
6,822
11,249
5,132

33,039
8,544
7,669
12,610
5,794

13.7
10.5
12.4
12.1
12.9

8,944
7,437
7,787
7,058
9,798

10,033
8,176
8,652
7,681
10,875

11,142
8,906
9,676
8,307
11,780

13.7
10.5
12.4
12.1
12.9

13.4
8.6
11.0
11.4
11.6

-4.5
-6.6
32.9
-29.6
-10.7

13.8
10.5
9.9
11.9
12.2

9.3
8.5
8.9
8.7
11.3

14.8
11.0
10.2
12.8
12.4

17.6
18.6
9.7
10.7
11.7

15.3
13.1
6.5
17.2
22.9

14.0
8.7
11.0
11.7
11.8

295,487

335,334

375,540

12.0

9,653

10,710

11,769

12.0

10.5

-11.7

11.1

8.7

11.6

7.3

13.5

11.3

228,008
7,435
22,213
37,831

259,339
8,594
24,533
42,869

291,715
9,831
26,483
47,511

12.5
14.4
7.9
10.8

9,805
9,718
8,615
9,428

10,929
10,723
9,296
10,355

12,057
11,633
9,991
11,266

12.5
14.4
7.9
10.8

11.2
13.4
5.0
8.7

-16.3
-37.6
-15.1
14.2

11.9
13.9
5.5
8.5

9.3
11.4
6.0
6.4

12.5
14.4
5.3
9.0

9.3
16.6
-12.9
5.1

14.0
19.7
4.1
16.3

12.2
13.6
8.6
6.0

4,568
8,643

5,139
9,761

5,842
10,881

13.7
11.5

11,320
9,098

12,759
10,091

14,090
11,096

13.7
11.5

12.5
10.1

14.9
8.3

12.5
10.1

14.2
11.5

11.6
9.5

( DD )
( )

5.5
10.5

( DD )
( )

110,617
334,881
377,662
147,856
288,507
99,701
188,722
90,543
301,263

124,852
373,433
408,348
159,514
325,369
109,117
215,493
102,863
341,640

138,808
414,192
445,185
177,305
366,846
121,134
249,607
116,064
382,433

11.2
10.9
9.0
11.2
12.7
11.0
15.8
12.8
11.9

8,960
9,080
9,076
8,648
7,906
6,850
8,112
8,140
9,656

10,086
10,123
9,776
9,261
8,763
7,424
9,054
9,026
10,717

11.2
10.9
9.0
11.2
12.7
11.0
15.8
12.8
11.9

9.6
9.7
6.9
9,5
11.7
10.0
16.4
11.8
10.4

-1.3
13.2
.6
29.3
26.6
24.8
15.5
-10.2
10.8

9.7
9.7
7.0
8.7
11.4
9.6
16.4
12.5
11.0

5.3
6.8
6.9
7.6
9.8
7.4
12.3
9.2
9.0

10.4
10.2
7.0
8.8
11.9
10.1
17.1
13.3
11.4

7.7
6.5
-3.4
4.0
5.7
6.2
20.5
13.2
7.4

10.2
9.5
8.1
9.8
12.4
11.6
19.2
15.4
13.4

10.7
10.9
7.6
9.1
12.6
9.9
15.2
12.8
11.1

Census regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific

PNot shown to avoid disclosure of confidential information; data are included in totals.
1. Consists of wage and salary disbursements, other labor income, and proprietors' income.
. Detail may not add to higher level totals because of rounding.




11,154
11,232
10,687
10,286
9,718
8,228
10,201
9,925
11,783

By REGIONAL ECONOMIC MEASUREMENT DIVISION

Revised County and Metropolitan Area Personal Income
The local area estimates of personal income
released each April are consistent with the State
estimates released at the same time. The State
estimates in the April issues of the SURVEY OF
CURRENT BUSINESS include preliminary annual
and quarterly estimates for the most recent year
and revised annual and quarterly estimates for
previous years. The State estimates supersede
those published in the SURVEY usually in the
issue of the previous August (for 1981, July).
The local area estimates are routinely revised
in each of the 2 years following their initial release. These revisions incorporate more complete
information for local areas as well as revised
State and national totals.
Comprehensive revisions are initiated periodically—approximately every five years—at the
national level and extended, where appropriate,
to the State and local area levels. At the local
area level they include distributional changes
made possible by the availability of more current data as well as changes based on definitional, classificational, and statistical changes
at the national level. The local area personal
income estimates reflect the comprehensive revisions approximately 18 months after their initial introduction at the national level, and approximately 9 months after their extension to
the State estimates.

J.HE estimates of personal income
for local areas presented have been
revised to incorporate the definitional, classificational, and statistical revisions already incorporated in the
national and State estimates. The revisions at those levels are described in
the December 1980 and July 1981
SURVEY, respectively. Total and per
capita personal income estimates for
the 305 Standard Metorpolitan Statistical Areas (SMSA's) are shown in
table 1 for 1969, 1979, and 1980. Table
2 contains the same estimates for the
3,140 counties and county equivalents.
Personal income estimates for 197580 for SMSA's and counties will be
published in component detail (see
table A) in the nine-volume set Local
Area Personal Income, 1975-80, scheduled for release by July 1982 (see
notice on page 71).




Definition of total and per capita personal income
The personal income of an area is
the income received by, or on behalf
of, the residents of the area. It is the
income received by persons from all
sources, that is, from participation in
production, from transfer payments
from government and business, and
from government interest, which is
treated like a transfer payment. Persons consist of individuals, nonprofit
institutions, private noninsured welfare funds, and private trust funds.
Proprietors' income is treated in its
entirety as received by individuals.
Life insurance carriers and private
noninsured pension funds are not
counted as persons, but their saving is
credited to persons. Personal income
is the sum of wage and salary disbursements, other labor income, proprietors' income with inventory valuation and capital consumption adjustments, rental income of persons with
capital consumption adjustment, personal dividend income, personal interest income, and transfer payments,
less personal contributions for social
insurance.
The definitions underlying the local
area estimates are, for the most part,
the same as those underlying the personal income estimates in the national income and product accounts. The
major difference is the treatment of
U.S. citizens temporarily working on
assignment abroad. The national estimates include Federal civilian and
military personal stationed abroad
and U.S. residents employed by private U.S. firms on temporary foreign
assignment. The local area estimates
include only persons residing in the
50 States and the District of Columbia.
Per capita income is computed by
dividing the total personal income by
midyear (July 1) population estimates.

The college student population, however, is measured as of April 1.
The per capita personal income estimates should be used with caution
for several reasons. In many instances, an unusually high (or low)
per capita personal income is the
termporary result of unusual conditions, such as a bumper crop, a major
construction project (e.g., a defense facility, nuclear plant, or dam), or a catastrophe (e.g., a tornado or drought).
In some cases, a high per capita personal income is not representative of
the standard of living in an area. For
example, a construction project may
attract a large number of high-paid
workers who are included in the population but who send a substantial
portion of their wages to dependents
living in other areas. Conversely, a
county with a large institutional population (e.g., residents of a college,
prison, or domiciliary medical facility)
may show an unusually low per
capita personal income, which is not
necessarily indicative of the economic
well-being of the noninstitutional population. Moreover, population is measured at midyear whereas income is
measured as a flow over the year.
Therefore, a significant change in
population during the year can cause
a distortion in the per capita personal
income estimates, particularly if the
change occurs around midyear.
Revisions in personal income components
In addition to reflecting revisions
previously made at the national and
state levels, the estimates presented
here incorporate numerous revisions
to the county distributions of State
personal income components. Major
revisions were made to civilian government and military wages and to
rental and royalty income.
49

50
The estimates of civilian government wages and salaries reflect a further shift from the use of periodic and
indirectly related source data to the
use of current wage data from the administrative records of the Federal
and State unemployment insurance
(UI) programs. This change was made
previously for civilian government
wage estimates in many State for
1977-79. These Ul-based estimates
have now been extended back to earlier years, and estimates for additional
States have been converted to a UI
basis. Local government wage estimates are now Ul-based in all States;
Federal civilian and State government wage estimates are Ul-based in
all but a- few States.
Estimates of military wages and
salaries have been revised to reflect
Department of Defense (DOD) county
estimates of military pay by branch of
service and data on the geographic
distribution of Coast Guard personnel.
These revisions extend back through
1977; the estimates for earlier years
continue to be based on DOD military
strength data for major installations
and on,the county distribution of military personnel from the 1970 census.
The county estimates of rental
income of persons (with capital consumption adjustment) have been revised to reflect tabulations of gross
rent from the Individual Master File
(IMF) of the Internal Revenue Serv-

SURVEY OF CURRENT BUSINESS

April

ice. Previously, the rent estimates
were based on that agency's Statistics
of Income metropolitan area data
(available most recently for 1971) and
on the IMF county distribution of interest. The county estimates of personal royalty income previously were
estimated as part of rent but now are
based on the IMF county distribution
of interest.
The midyear population estimates
used to calculate county per capita incomes have been revised by the
Bureau of the Census to incorporate
the results of the 1980 Census of Population. The midyear 1980 estimates
were prepared at BEA by adjusting
published 1980 census counts for
counties to the Bureau of the Census
midyear estimate for the Nation and
incorporating unpublished estimates
from the Bureau of the Census on
Cuban and Haitian refugees who entered the United States between April
and October 1980.
A more detailed discussion of the
county comprehensive revisions is included in Volume I, Local Area Personal Income, 1975-80 (see notice on
page 71).

This information can be obtained for
one or more counties or SMSA's from
the Regional Economic Information
System of the Regional Economic
Measurement Division, Bureau of
Economic Analysis. For computer
printouts, there is a charge of $2 for
each State, SMSA, or county table.
However, charges will not exceed:
$500 for a complete set of SMSA
tables, and $1,500 for an entire set of
State and county tables for the
United States. The tables are also
available (at lower cost) in microfiche
and magnetic tape form. The minimum charge for each request is $5.
Requests should be addressed to Regional Economic Information System,
BE-55, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230.

PERSONAL income by type of payment and labor and proprietors'
income by major industry groups, as
shown in table A, are available for
SMSA's and for counties for 1969-80.

Acknowledgments
The personal income estimates were pared under the supervision of Kenneth
prepared under the direction of Edwin J. P. Berkman, Chief, Proprietors' Income
Coleman, Chief, Regional Economic Branch. Major responsibilities were asMeasurement Division. The comprehen- sumed by Arthur L. Sensenig.
sive revisions were coordinated by
Estimates of Federal military income,
Linnea Hazen. Tables were prepared by transfer payments, and personal contriEunice P. James, and secretarial support butions for social insurance were prewas provided by Valeria A. Hamilton, pared under the supervision of Robert L.
Regional Economic Information System Brown, Acting Chief, Quarterly Income
Branch.
Branch. Major responsibilities were asEstimates of civilian nonfarm wages sumed by: Gary V. Kennedy, John M.
and salaries and other labor income were Reed, and Isabelle B. Whiston.
prepared under the supervision of Elizabeth H. Queen, Chief, Regional Wage
Residence
adjustments,
disclosure
Branch. Major responsibilities were as- avoidance, and final preparation of the
sumed by: Sharon C. Carnevale, Carol E. local area personal income accounts were
Evans, Michael G. Pilot, Chen T. Pom- performed under the supervision of
souvan, William E. Reid, Jr., Mary H. David W. Cartwright, Chief, and Vivian
Risler, Victor Sahadachny, James M. G. Conklin, Assistant Chief, Regional
Economic Information System Branch.
Scott, and Phillip F. Simon.
Estimates of farm income, proprietors' Major responsibilities were assumed by
income, and property income were pre- Wallace K. Bailey and Paul M. Levit.




Table A.—Example of Available Date for Local
Areas—Personal Income by Major Sources
[Thousands of dollars]
New London County, Connecticut
Total labor
and proprietors' income by place of
work: 3
By type:
Wage and salary disbursements
Other labor income 4
Proprietors' income
Farm
Nonfarm 4
By industry:
Farm
Nonfarm
Private
... .
Ag. serv., for., fish., and other 5
Mining
Construction
Manufacturing
Nondurable goods
Durable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and Government enterprises
Federal civilian 7
Federal, military
State and local
Derivation of personal income by place of residence:
Total labor and proprietors' income by place of
work
Less: Personal contributions for social insurance by place of work
Net labor and proprietors' income by place of
work
Plus* Residence adjustment
Net labor and proprietors' income by place of
residence
Plus: Dividends, interest, and rent 8
Plus' Transfer payments
Personal income by place of residence
Per capita personal income (dollars)
Total population (thousands)

1980 2

1 575 578
173,187
106 126
7999
98,127

14,826
1 840 065
1,422,624
4,491
1 242
79,279
770 989
168,566
602 423
79,751
48096
153 080
40,093
245,603
417,441
84897
177,416
155 128

1,854 891
93,808
1,761,083
-47,968
1 713 115
382,681
290 629

2,386,425
9987
239.0

2. Estimates are based on 1972 SIC.
3. Consists of wage and salary disbursements, other labor
income, and proprietors' income. Primary source for private
nonfarm wages: ES-202 covered wages—Connecticut Employment Security Division.
4. Includes the capital consumption adjustment for nonfarm
proprietors.
5. Includes wages and salaries of U.S. residents working for
international organizations in the U.S.
7. The estimates for Federal military earnings have been
revised for the years 1977-80.
8. Includes the capital consumption adjustment for rental
income of persons.

April

51

SURVEY OF CURRENT BUSINESS
Table 1.—Total Personal Income and Per Capita Personal Income by SMSA for Selected Years '
Total personal income
Millions of dollars
Area title
1969

United States2
Sum of SMSA counties
Sum of non-SMSA
counties
Abilene TX
Akron, OH
Albany GA
Albany-SchenectadyTroy NY
Albuquerque, NM
Allentown-BethlehemEaston PA NJ

747,536
610,405

1979

Per capita personal income

1980

1,939,751 2,160,629
1,549,339 1,736,221

197980

1969

1979

Total personal income

Rank
in
states

Dollars

Percent
change

1980

11.39
12.06

3,714
3,996

8,638 9,511
9,167 10,153 •-••-•"•

137,131

390,412

424,408

8.71

2,825

7,028

7,556

364
2,574
243

1,158
5,651
745

1,317
6,166
823

13.66
9.13
10.50

2,908
3,807
2,567

8,480
8,557
6,721

9,437
9,316
7,285

118
128
277

2,976
1,051
331

6,706
3,503
885

7,444
3,933
1,012

11.00
12.28
14.32

3,853
3,164
2,522

8,382
7,870
5,906

9,341
8,629
6,643

125
198
299

2,189

5,628

6,296

11.87

3,716

8,890

9,865

85

6,883
9,097

399
503

950
1,549

1,031
1,718

8.56
10.93

2,947
3,145

7,528
9,870

263
84

6,102
614
494
307
908
290
970
474

19,935
2,226
1,137
871
2,551
735
2,551
1,227

22,960
2,494
1,207
970
2,799
831
2,807
1,389

15.17
12.05
6.19
11.38
9.73
13.04
10.02
13.25

4,432 10,537 11,857
4,985 12,448 14,266
3,599 8,169 8,644
2,983 6,705 7,263
4,062 9,705 10,549
2,821 6,297 7,090
3,583 8,869 9,612
2,934 6,952 7,797

12
1
195
278
42
283
107
255

Athens GA
Atlanta GA
Atlantic City, NJ
Augusta, GA-SC
Austin TX
Bakersfield, CA ..
Baltimore, MD
Bangor, ME
Baton Rouge, LA
Battle Creek, MI

276
6,107
643
914
1,110
1,101
7,991
356
1,194
652

821
17,783
1,667
2,239
4,258
3,244
19,660
942
3,965
1,595

907
20,340
1,997
2,501
4,920
3,682
21,827
1,047
4,672
1,707

10.52
14.38
19.80
11.70
15.55
13.48
11.02
11.16
17.84
7.05

2,609
3,869
3,680
3,323
3,213
3,383
3,889
2,831
3,219
3,691

6,547 6,963
8,926 9,997
8,634 10,264
6,950 7,622
8,118 9,150
8,251 9,112
9,002 10,016
6,870 7,627
8,234 9,435
8,495 9,091

289
73
56
261
144
146
72
260
119
147

A/TT

Beaumont-Port
Arthur-Orange, TX...
Bellingham, WA
Benton Harbor, MI
Billings, MT
Biloxi-Gulfport, MS
Binghamton, NY-PA....
Birmingham, AL
Bismarck ND
Bloomington IN
Bloomington-Normal,
IL.
Boise City ID
Boston-LowellBrocton-LawrenceHaverhill MA
Bradenton, FL
Bremerton, WA
Bridgeport-StamfordNorwalk-Danbury,
CT
BrownsvilleHarlingen-San
Byran-College Station,
TX
Buffalo, NY
Burlington, NC
Canton, OH
Casper WY
Cedar Rapids, IA
Champaign-UrbanaRantoul, IL
Charleston-North
Charleston, SC
Charleston, WV

408

1,004

1,082

7.76

3,505

8,297

9,008

159

1,149
263
614
295
471
1,095
2,418
191
225

3,363
861
1,388
985
1,165
2,361
6,882
706
593

3,771
941
1,469
1,094
1,328
2,596
7,568
782
656

12.15
9.31
5.86
11.06
13.94
9.95
9.96
10.78
10.63

3,318
3,261
3,752
3,403
2,978
3,624
3,230
3,139
2,748

9,066 10,020
8,250 8,802
7,993 8,558
9,118 10,098
6,134 6,903
7,749 8,594
8,138 8,909
9,044 9,755
6,102 6,647

71
177
201
66
292
199
169
91
298

379
411

1,035
1,508

1,101
1,680

6.37
11.47

3,699
3,724

8,756
8,932

9,216
9,689

138
99

15,735
295
396

35,028
1,141
1,327

39,670
1,329
1,490

13.25
16.44
12.25

4,273
3,136
3,911

9,544 10,803
7,947 8,933
9,432 10,140

36
168
65

4,380

10,021

11,489

14.64

5,609 12,485 14,197

2

274

1,009

1,144

13.39

1,971

5,444

303

146
5,204
322
344
1,431
215
648

534
10,842
733
890
3,436
874
1,662

629
11,780
811
1,005
3,738
1,013
1,814

17.73
8.65
10.67
12.96
8.78
15.97
9.12

2,717 5,897 6,703
3,872 8,581 9,458
3,356 7,396 8,159
3,577 7,861 8,679
3,656 8,529 9,221
4,239 12,785 14,072
4,009 9,900 10,659

295
116
235
192
137
3
38

556

1,307

1,396

6.79

3,459

7,778

8,269

226

940
874

2,810
2,425

3,169
2,626

12.78
8.28

2,814
3,394

6,609
9,065

7,347
9,718

273
95

5,413
854
3,189
74,093
1,075

6,086
971
3,471
81,130
1,228

12.45
13.70
8.83
9.50
14.24

3,669 8,679 9,528
3,248 7,578 8,530
3,218 7,527 8,118
4,730 10,429 11,394
3,190 7,762 8,520

112
203
238
16
204

12,569

13,875

10.39

3,895

8,980

9,877

82

981
19,644
2,365
737

1,039
21,387
2,691
819

5.91
8.87
13.80
11.11

2,897 6,531 6,903
4,511 10,276 11,236
3,460 7,457 8,457
3,004 7,548 8,140

293
21
207
237

1,015
756
3,677
832
310

3,014
1,593
9,414
2,537
716

3,381
1,756
10,451
2,863
796

12.19
10.23
11.02
12.85
11.21

3,236
3,225
3,683
2,899
2,871

7,437
6,651
8,565
7,907
6,629

8,264
7,326
9,537
8,754
7,366

227
276
110
182
272

9,346
283

28,198
723

32,927
793

16.77
9.69

4,078
2,675

9,769 11,041
6,434 7,074

25
284

Charlotte-Gastonia,
1,987
NC
287
Charlottesville, VA
Chattanooga, TN-GA ... 1,189
Chicago, IL
32,736
322
Chico CA
Cincinnati, OH-KYIN
5,361
ClarksvilleHopkinsville, TN343
KY
9,251
Cleveland, OH
802
Colorado Springs, CO...
239
Columbia, MO
Columbia SC
. ...
Columbus, GA-AL
Columbus OH
Corpus Christi, TX
Cumberland, MD-WV..
Dallas-Fort Worth,
TX
Danville, VA

See footnotes at end of table.




4,909

Davenport-Rock
Island-Moline, IAIL
1,402
Dayton, OH
3,417
Daytona Beach, FL
533
Decatur IL
484
Denver-Boulder, CO
4,875
Des Moines, IA .
1,260
Detroit, MI
19,494
Dubuque, IA
302
Duluth-Superior, MNWI
^
840
Eau Claire, WI
366
El Paso, TX
1,037
Elkhart, IN
516
Elmira NY
361
Enid OK
184
Erie, Pa
914
Eugene-Springfield, OR..
652
Evansville, IN-KY...
979
Fargo-Moorhead, NDMN
418
Fayetteville, NC
630
FayettevilleSpringdale, AR
330
Flint, MI
1,972
Florence AL
316
Florence, SC
236
Fort Collins, CO
250
Fort Lauderdale-Hollywood, FL
2,462
Fort Myers-Cape Coral,
FL.;
340
Fort Smith, AR-OK
402
Fort Walton Beach, FL..
244
FVvrt Wavno 1"NT
1,366
Fresno, CA
1,367
Gadsden, AL
258
Gainesville, FL
269
Galveston-Texas City,
TX ....
571
Gary-Hammond-East
Chicago, IN
2,399
Glen Falls, NY
323
Grand Forks, ND-MN ....
281
Grand Rapids, MI
1,992
Great Falls, MT. .
283
Greeley, CO
261
Green Bay, WI
511
Greensboro-WinstonSalem-High
Point,
NC
2,569
Greenville1,441
Spartanburg, SC
340
Hagerstown, MD
Hamilton-Middletown,
791
OH
1,497
Harrisburg, Pa
Hartford-New Britain4,605
Hickory, NC
368
Honolulu, HI
2,633
7,486
Houston, TX
Huntington-Ashland,
853
WV-KY-OH
891
4,458
Indianapolis, IN
215
Iowa City, IA
Jackson, MI
552
814
Jackson, MS
2,011
Jacksonville, FL
Jacksonville, NC
284
488
Janesville-Beloit, WI
2,392
Johnson City-Kingsport-Bristol, TN1,039
VA
740
Johnstown, PA ....
314
Joplin, MO
935
Kalamazoo-Portage, MI .
358
Kankakee, IL
5,092
Kansas City, MO-KS
413
Kenosha, WI
467
Killeen-Temple, TX
1,227
Knoxville, TN
384
Kokomo IN
260
La Crosse WI
302
Lafayette LA
Lafayette-West
La359
fayette IN
427
Lake Charles, LA
Lakeland-Winter
697
Haven FL
1,199
Lancaster, PA
Lansing-East Lansing,
1,525
MI...
144
Laredo TX
182
Las Cruces, NM
1,164
Las Vegas NV
158
Lawrence KS

1979

Per capita personal income
Percent
change

Area Title
1969

1980

Altoona, PA
Amarillo, TX
Anaheim-Santa AnaGarden Grove, CA
Anchorage, AK
Anderson IN
Anderson, SC
Ann Arbor, MI
Anniston, AL
Appleton-Oshkosh, WI .
Asheville, NC

TJ QV Pifir

Millions of dollars
1980

197980

Dollars
1969

1979

Rank
in
states
1980
1980

3,653
7,432
1,778
1,165
15,990
3,421
45,927
829

3,973
8,019
2,071
1,268
18,350
3,733
48,902
892

8.74
7.90
16.45
8.80
14.76
9.13
6.48
7.62

3,908 9,513 10,322
4,047 8,964 9,639
3,192 7,100 7,983
3,879 8,805 9,629
3,995 9,985 11,301
4,043 10,163 11,016
4,416 10,542 11,208
3,356 8,872 9,494

50
104
247
106
19
26
22
115

2,167
919
2,858
1,211
738
559
2,271
2,146
2,649

2,362
1,030
3,212
1,233
820
633
2,475
2,333
2,901

8.99
12.01
12.38
1.84
11.11
13.35
8.99
8.68
9.54

3,106
3,290
2,848
4,139
3,564
3,313
3,483
3,120
3,449

8,156 8,839
7,111 7,873
6,051 6,677
8,861 8,961
7,426 8,374
8,975 10.060
8,147 8,827
8,013 8,455
8,658 9,355

173
252
297
164
214
68
174
208
124

1,180
1,492

1,268
1,659

7.46
11.17

3,614
3,011

8,612
6,112

9,195
6,697

139
296

1,189
4,980
956
676
1,087

1,323
5,257
1,054
752
1,267

11.28
5.56
10.27
11.20
16.51

2,650
3,878
2,677
2,654
3,067

6,798 7,419
9,532 10,055
7,103 7,788
6,201 6,811
7,474 8,472

267
69
256
294
206

9,265

10,932

18.00

4,133

9,392 10,737

37

1,585
1,306
728
3,424
4,444
697
936

1,869
1,439
818
3,527
4,980
763
1,070

17.92
10.23
12.32
3.00
12.06
9.46
14.35

3,417
2,548
2,902
3,841
3,348
2,805
2,664

8,231
6,470
6,541
8,952
8,777
6,770
6,409

9,086
7,058
7,413
9,188
9,647
7,384
7,055

148
285
268
140
102
270
286
46

1,809

2,047

13.17

3,344

9,284 10,424

6,018
758
727
5,331
685
937
1,473

6,427
830
804
5,749
735
1,059
1,640

6.79
9.47
10.64
7.83
7.28
13.02
11.30

3,822
3,187
2,981
3,732
3,485
3,024
3,362

9,306
6,862
7,171
8,996
8,108
7,798
8,507

9,975
7,550
7,950
9,533
9,084
8,562
9,332

75
262
249
111
149
200
127

6,857

7,648

11.55

3,591

8,380

9,223

136

4,110
886

4,644
952

13.00
7.42

3,093
3,300

7,322
7,805

8,146
8,399

236
213

2,111
3,953

2,324
4,396

10.11
11.22

3,533
3,680

8,229
8,949

8,960
9,828

165
86

10,548
978
7,110
29,307

12,012
1,070
8,022
34,549

13.88
9.35
12.83
17.89

4,510 10,062 11,395
3,378 7,644 8,197
4,363 9,437 10,492
3,804 10,456 11,861

15
233
45
11

2,329
2,268
10,777
656
1,269
2,612
5,659
611
1,202
4,973

2,532
2,508
11,794
711
1,348
2,896
6,414
664
1,281
5,562

8.71
10.55
9.43
8.49
6.24
10.84
13.33
8.80
6.62
11.84

2,968
3,189
4,081
3,161
3,867
3,180
3,246
2,828
3,760
3,913

7,508 8,112
7,438 8,108
9,272 10,082
8,054 8,684
8,359 8,877
8,265 9,016
7,841 8,675
5,396 5,876
8,597 9,170
8,900 9,883

240
241
67
191
171
155
193
302
142
80

2,866
2,029
828
2,401
868
12,839
1,150
1,400
3,561
975
724
1,366

3,107
2,152
921
2,629
919
14,032
1,268
1,555
3,983
1,018
823
1,647

8.41
6.08
11.25
9.48
5.85
9.29
10.22
11.03
11.85
4.42
13.64
20.52

2,794
2,801
2,754
3,720
3,690
4,061
3,499
3,046
3,013
3,899
3,237
2,746

6,686 7,147
7,588 8,117
6,533 7,208
8,691 9,394
8,326 8,905
9,709 10,550
9,351 10,274
6,366 7,227
7,587 8,340
9,356 9,793
7,874 9,012
9,350 10,952

282
239
280
121.
170
41
54
279
220
88
156
28

919
1,326

1,008
1,549

9.67
16.82

3,341
2,956

7,555
8,134

8,261
9,250

228
135

2,266
3,097

2,639
3,400

16.46
9.78

3,072
3,798

7,247
8,619

8,186
9,357

234
123

4,046
462
548
4,105
468

4,386
541
611
4,781
506

8.39
17.04
11.50
16.48
8.28

3,655
1,918
2,642
4,350
2,780

8,698 9,340
4,774 5,439
5,846 6,328
9,300 10,321
7,011 7,469

126
304
300
51
266

Table 1.—Total Personal Income and Per Capita Personal Income by SMS A for Selected Years 1 — Continued
Total personal income
Millions of dollars
Area title
1969

Lawton, OK
331
Lewiston- Auburn, ME....
296
Lexington-Fayette, KY...
905
Lima, OH
749
Lincoln, NE .
626
Little Rock-North
Little Rock, AR
1,090
Long
Branch-Asbury
Park, NJ
1,930
370
Longview-Marshall, TX .
933
Lorain-Elyria, OH
Los Angeles-Long
32,047
Beach CA

1979

1980

197980

Rank
in
states

Dollars
1969

1979

721
702
2,616
1,847
1,726

785
786
2,921
1,966
1,897

8.80
11.98
11.65
6.47
9.92

2,927
3,257
3,474
3,594
3,787

6,271
7,047
8,258
8,452
9,149

6,962
7,873
9,161
8,987
9,812

290
253
143
163
87

3,261

3,624

11.13

3,419

8,458

9,185

141

4,910
1,176
2,331

5,518
1,363
2,516

12.39
15.84
7.93

4,279
3,181
3,673

9,823 10,940
7,950 8,958
8,541 9,132

30
166
145

75,241

85,110

13.12

4,585 10,166 11,350

17

7,715
1,664
1,132
1,805
3,008

8,425
1,863
1,242
2,015
3,362

9.20
11.96
9.79
11.62
11.77

3,725
2,980
3,171
3,182
4,031

8,476 9,275
7,928 8,782
7,367 8,088
7,123 7,893
9,458 10,364

133
179
244
250
48

866
477

2,362
1,059

2,703
1,145

14.45
8.09

3,917
3,701

8,583
8,137

9,750
8,706

92
188

300
280

1,194
969

1,365
1,076

14.32
10.97

1,676
2,987

4,334
7,461

4,808
8,102

305
242

889

2,089

2,462

17.84

4,060

7,942

8,998

161

Memphis, TM-AR-MS...
Miami, FL
Midland TX
Milwaukee, WI
Minneapolis-St. Paul,
MN-WI
Mobile, AL
Modesto, CA
Monroe, LA
Montgomery, AL
Muncie, IN

2,634
5,068
261
5,863

7,176
14,093
925
13,941

7,957
16,529
1,140
15,278

10.88
17.29
23.27
9.59

3,191 7,938 8,696
4,055 8,894 9,598
4,129 11,726 13,761
4,202 9,992 10,906

189
109
4
33

8,343
1,022
670
308
684
430

21,344
3,050
2,181
922
2,044
952

24,012
3,396
2,475
1,025
2,277
1,027

12.50
11.36
13.48
11.17
11.40
7.84

4,323 10,236 11,329
2,725 6,958 7,652
3,502 8,358 9,286
2,694 6,732 7,347
3,086 7,612 8,330
3,370 7,405 7,968

18
259
131
274
221
248

581

1,375

1,479

7.58

7,627

8,216

232

2,362
12,438

6,758
28,435

7,520
32,020

11.27
12.61

3,425 8,070 8,821
4,943 10,932 12,258

175
9

1,521

3,588

3,952

10.16

3,447

8,307

222

3,346

7,578

2,407

5,947

6,677

12.28

4,201 10,002 11,174

23

3,208

7,136

8,010

12.25

4,294

9,387 10,497

44

848
3,673

2,106
10,134

2,386
11,653

13.30
14.99

3,758
3,542

8,746
8,657

9,987
9,791

74
89

New York, NY-NJ
Newark, NJ
Newark, OH
Newburgh-Middleton,
NY
Newport News-Hampton, VA
Norfolk-Virginia
Beach-Portsmouth,
VA-NC
Northeast Pennsylvania PA
Ocala, FL
Odessa, TX

47,869
9,803
355

90,362
20,454
936

101,432
23,053
1,024

12.25
12.71
9.41

4,827 9,867 11,087
4,817 10,350 11,689
3,352 7,802 8,444

24
13
210

833

2,044

2,281

11.56

3,816

7,867

8,765

181

2,837

3,183

12.20

3,409

7,729

8,714

186

2,305

6,205

6,983

12.53

3,204

7,722

8,636

196

1,982
180
294

4,810
734
995

5,278
855
1,188

9.75
16.53
19.35

3,189
2,649
3,339

7,478 8,223
6,231 6,966
8,931 10,271

231
288
55

Oklahoma City, OK
Olympia, WA
Omaha, NE-IA
Orlando FL
Owensboro, KY
Oxnard-Simi
ValleyVentura, CA
;
Panama City, FL
Parkersburg-Marietta,
WV-OH
Pascagoula-Moss Point,
MS
Paterson-CliftonPassaic NJ

2,410
289
2,085
1,490
249

7,496
1,126
5,243
5,274
694

8,692
1,274
5,749
6,171
759

15.96
13.17
9.65
17.00
9.36

3,583
3,835
3,903
3,371
3,169

9,192 10,394
9,445 10,227
9,146 10,054
7,763 8,781
8,114 8,807

47
60
70
180
176

1,363
192

4,568
630

5,255
719

15.04
14.12

3,684
2,595

8,919
6,458

9,894
7,336

79
275

460

1,236

1,365

10.44

3,143

7,670

8,365

217

242

777

818

5.17

2,852

6,573

6,911

291

1,897

4,097

4,582

11.83

4,116

9,107 10,206

61

Pensacola FL
Peoria, IL
Petersburg-Colonial
Heights-Hopewell,
VA
Philadelphia, PA-NJ
Phoenix AZ
Pine Bluff, AR

706
1,349

1,949
3,595

2,177
4,004

11.72
11.39

2,952
3,966

6,740 7,495
9,908 10,919

265
32

416
19,691
3,468
222
9,076
571
760

968
43,110
12,618
617
21,042
1,184
2,003

1,084
47,951
14,568
683
23,268
1,314
2,269

11.91
11.23
15.45
10.71
10.58
10.94
13.30

3,191
4,128
3,666
2,603
3,781
3,836
3,535

7,400 8,361
9,131 10,142
8,661 9,637
6,894 7,514
9,265 10,253
8,143 9,033
8,222 9,256

218
64
105
264
58
152
134

3,994

11,849

13,262

11.93

4,010

9,744 10,650

39

1,058
883

3,192
2,126

3,618
2,384

13.36
12.15

3,372
4,040

7,749
8,779

8,689
9,707

190
97

11.59
9.48
7.93
8.44

3,703
2,433
2,998
3,783

8,409 9,457
5,590 5,886
7,778 8,369
9,503 10,229

117
301
215
59

Pittsfield MA
Portland ME
PrvH-land CVR WA

Portsmouth-DoverRochester, NH-ME
Poughkeepsie, NY
Providence-WarwickPawtucket RI
Provo-Orem, UT
Pueblo CO
Racine WI

3,110
327
353
644

7,354
1,175
979
1,637

8,206
1,287
1,057
1,775

1. Detail may not add to higher level totals because of rounding. Percent change was
calculated from unrounded data.
2. The personal income level shown for the United States differs from that in the national




Area title
1969

1979

Raleigh-Durham, NC
Reading PA
Redding, CA
Reno NV
Richland Kennewick
Pasco WA
Richmond VA
Riverside-San Bernardino-Ontario, CA
Roanoke, VA
Rochester, MN
Rochester, NY
Rockford IL
Rock Hill SC

Per capita personal income
Percent
change

1980

1980

3,189
535
422
714
1,128

1,131

Millions of dollars

1980

Louisville, KY-IN
Lubbock, TX
Lynchburg VA
Macon, GA
Madison WI
Manchester-Nashua,
NH
Mansfield OH
Mcallen-PharrEdinburg TX
Medford OR
Melbourne-TitusvilleCocoa, FL

Muskegon-Norton
Shores-Muskegon
Heights, MI
Nashville-Davidson,
TN
Nassau-Suffolk, NY
New Bedford-Fall
River, MA
New Brunswick-Perth
Amboy-Sayreville,
NJ .
New Haven-Waterbury-Meriden, CT
New London-Norwich,
CT
New Orleans LA

Total personal income

Per capita personal income
Percent
change

197980

Rank
in
states

Dollars
1969

1979

1980
1980

1,430
1,133
257
564

4,433
2,782
882
2,126

4,991
3,094
991
2,401

12.59
11.20
12.38
12.92

3,495 8,512 9,383
3,851 8,915 9,875
3,363 7,862 8,547
4,765 11,358 12,371

328
2,151

1,339
5,967

1,492
6,730

11.35
12.79

3,623
3,957

9,711 10,300
9,530 10,623

52
40

3,828
687
312
4,123
1,094
237

12,246
1,824
888
8,901
2,598
734

14,065
2,039
997
9,998
2,792
823

14.85
11.83
12.30
12.32
7.46
12.19

3,412
3,400
3,787
4,352
4,072
2,822

8,181 9,011
8,068 9,060
9,684 10,812
9,129 10,262
9,381 9,965
7,047 7,696

157
150
35
57
76
258

Sacramento CA
Saginaw, MI
St Cloud MN
St Joseph MO
St. Louis, MO-IL
Salem OR
Salinas-SeasideMonterey CA
Salisbury-Concord, NC...
Salt Lake City-Ogden,
UT
San Anselo TX

3,059
791
348
326
9,454
593

9,097
2,079
1,088
772
22,089
1,916

10,352
2,205
1,206
840
24,317
2,110

13.80
6.03
10.87
8.80
10.08
10.15

3,901
3,608
2,734
3,254
3,996
3,232

9,181 10,185
9,170 9,644
6,744 7,370
7,554 8,226
9,369 10,300
7,865 8,425

63
103
271
230
53
211

1,022
515

2,853
1,302

3,180
1,463

11.46
12.39

4,005
3,174

9,944 10,922
7,148 7,886

31
251

2,243
216

6,958
671

7,834
767

12.59
14.23

3,209
3,023

7,651
8,098

8,347
9,025

219
154

San Antonio TX
San Diego, CA
San FranciscoOakland, CA
San Jose CA
Santa Barbara-Santa
Maria-Lompoc, CA
Santa Cruz, CA
Santa Rosa CA
Sarasota, FL

2,773
5,352

7,901
16,271

9,075
18,592

14.85
14.27

3,153
3,991

7,465
8,903

8,445
9,962

209
77

15,205
4,626

37,323
13,751

42,382
15,965

13.55
16.09

4,923 11,568 12,998
4,477 10,816 12,297

5
8

1,059
460
755
504
658

2,905
1,599
2,526
1,956
1,661

3,277
1,831
2,900
2,289
1,865

12.81
14.52
14.83
17.01
12.31

4,040 9,834 10,948
3,761 8,686 9,708
3,760 8,653 9,650
4,383 10,032 11,287
3,195 7,239 8,065

29
96
101
20
246

6,341
425
347
251
1,052
411
334
1,039
971
697

16,766
998
904
701
2,911
1,021
991
2,366
2,748
1,745

19,137
1,111
985
786
3,321
1,094
1,069
2,533
3,082
1,860

14.14
11.31
8.92
12.05
14.08
7.11
7.90
7.07
12.15
6.63

4,512 10,755 11,882
3,339 7,804 8,636
3,635 8,975 9,733
3,037 8,012 8,727
3,148 7,814 8,797
3,549 8,600 9,289
3,526 9,281 9,750
3,720 8,429 9,000
3,523 8,203 8,994
4,100 9,306 9,882

10
197
94
185
178
130
93
160
162
81

525
649

1,544
1,416

1,723
1,526

11.60
7.82

3,148
3,523

7,514
7,667

8,275
8,282

225
224

2,159
262

4,674
722

5,212
808

11.52
11.99

3,728
2,702

8,023
6,419

8,938
7,153

167
281

551
1,071
2,301
1,562
293

1,440
2,951
5,166
4,028
1,084

1,542
3,407
5,704
4,529
1,249

7.03
15.43
10.42
12.45
15.22

3,333
3,760
3,643
3,852
2,771

8,913
8,722
8,014
8,512
7,099

9,430
9,785
8,859
9,305
7,810

120
90
172
129
254

3,514

11,787

13,750

16.66

3,295

7,690

8,731

184

546

1,343

1,470

9.40

3,107

7,702

8,303

223

340
2,914
638
1,249
1,160
1,956
290
309
1,178

890
6,926
1,652
2,987
3,994
6,153
878
1,061
2,355

943
7,541
1,798
3,359
4,615
7,162
972
1,194
2,597

5.96
8.88
8.82
12.47
15.54
16.39
10.64
12.50
10.29

3,109
3,861
3,557
4,084
3,363
3,607
2,487
3,237
3,455

7,028 7,409
8,766 9,505
9,011 9,674
9,635 10,884
7,633 8,666
9,216 10,359
6,478 7,052
8,428 9,278
7,275 8,092

269
113
100
34
194
49
287
132
243

931
152

2,837
563

3,252
663

14.63
17.67

3,797
2,788

8,775
8,440

9,701
9,612

98
108

418

1,005

1,115

10.88

3,462

7,503

8,369

216

570
458

1,867
1,278

2,008
1,442

11.87
12.84

3,067
3,053

7,775
7,551

8,478
8,425

205
212

13,403

35,169

39,492

12.29

4,694 11,493 12,871

457

1,285

1,411

9.87

Seattle-Everett, WA
Sharon, Pa
Sheboygan WI
Sherman-Denison, TX....
Sioux City, IA-NE
Sioux Falls SD
South Bend, IN
Spokane, WA
Springfield, IL
Springfield, MO
Springfield OH
Springfield-ChicopeeHolyoke MA
State College, PA
Steubenville-Weirton,
OH-WV
Stockton CA
Syracuse NY
Tacoma WA
Tallahassee, FL
Tampa-St. Petersburg,
FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo, OH-MI
Topeka KS
Trenton NJ
Tucson, AZ
Tulsa, OK
Tuscaloosa AL
Tyler TX
Utica-Rome, NY
Vallejo-Fairfield-Napa,
CA
Victoria TX
Vineland-MillvilleBridgeton, NJ
Visalia-TulareWaco, TX
Washington, DC-MDVA
Waterloo-Cedar Falls,
IA
Wausau WI
West Palm Beach-Boca
Raton FL
Wheeling, WV-OH
Wichita, KS
Wichita Falls, TX
Williamsport, PA
Wilmington,
DE-NJMD
Wilmington, NC
Worchester-FitchburgLeominster, MA
Yakima WA
York, PA
Youngstown-Warren,
OH
Yuba City, CA

3,482
3,051

122
83
202
7

6

9,432 10,206
7,654 8,240

62
229

295

846

919

8.58

1,389
590

5,604
1,512

6,662
1,620

18.87
7.14

4,125 10,172 11,554
3,252 8,107 8,708

14
187

1,464
452
371

4,008
1,139
888

4,534
1,301
959

13.12
14.22
8.01

3,760
3,469
3,285

9,841 10,994
8,737 9,933
7,423 8,077

27
78
245

2,168
303

4,918
956

5,524
1,076

12,32
12.51

4,405
2,884

9,333 10,515
6,993 7,710

43
257

2,390
456
1,227

5,238
1,345
3,102

5,838
1,512
3,450

11.46
12.44
11.22

3,769
3,224
3,767

8,068
7,956
8,212

9,011
8,743
9,027

158
183
153

1,992
298

4,712
833

5,059
926

7.37
11.16

3,742
3,448

8,884
8,280

9,498
9,060

114
151

income and product accounts, primarily because it omits income received by Federal Government employees overseas.

SURVEY OF CURRENT BUSINESS

April

53

Table 2.—-Total Personal Income and Per Capita Personal Income by
County for Selected Years1
Per capita personal income

Total personal income
Millions of dollars
Area title
1969

1979

1980

197980

1969

1979

747,536 1,939,751 2,160,629

11.39

3,714

8,638

610,405 1,549,339 1,736,221
390,412
137,131
424,408

12.06
8.71

3,996
2,825

9,167 10,153
7,028 7,556

9,511

9,285
6,271
3,014
62
152
49
28
61
21
45

26,369
17,783
8,586
208
519
141
87
168
72
115

28,988
19,665
9,323
226
565
151
95
186
73
126

9.93
10.59
8.58
8.97
9.02
6.61
9.15
10.81
1.66
9.39

2,699
2,985
2,251
2,461
2,661
2,058
1,864
2,292
1,678
1,968

6,815
7,425
5,824
6,481
6,772
5,781
5,601
4,678
6,625
5,442

7,434
8,136
6,290
7,001
7,192
6,067
6,032
5,101
6,848
5,809

17
11
42
45
65
19
51

Calhoun
Chambers
Cherokee
Chilton
Choctaw
Clarke
Clay
Cleburne
Coffee
Colbert

290
91
36
56
32
57
27
25
89
133

735
235
101
169
91
159
72
63
257
382

831
259
108
184
100
175
83
70
271
420

13.04
10.20
6.74
8.45
9.76
10.36
14.99
10.93
5.37
10.10

2,821
2,398
2,283
2,119
1,713
2,030
2,065
2,234
2,468
2,619

6,297
5,990
5,413
5,555
5,409
5,750
5,203
5,000
6,793
7,054

7,090
6,605
5,729
5,984
5,948
6,318
6,053
5,518
7,015
7,689

12
24
54
47
48
36
43
58
16
8

Conecuh
Coosa
Covington
Crenshaw
Cullman
Dale
Dallas
DeKalb
Elmore
Escambia

29
21
83
26
127
146
134
94
78
83

84
60
221
68
372
256
316
280
274
232

87
67
235
71
401
293
345
303
306
254

4.39
11.59
6.51
4.70
7.86
14.51
9.23
7.92
11.70
9.27

1,749
1,913
2,376
1,886
2,442
2,925
2,373
2,203
2,365
2,424

5,258
5,163
5,951
4,812
6,048
5,520
5,797
5,242
6,361
6,127

5,493
5,876
6,364
5,018
6,490
6,117
6,372
5,626
7,032
6,597

59
49
33
66
28
40
32
55
14
25

258
35
55
52
16
26
27
154
88
2,130

697
113
168
156
53
79
89
529
332
5,744

763
125
185
161
57
81
93
585
355
6,316

9.46
10.48
10.26
2.94
7.91
2.67
4.30
10.56
6.78
9.95

2,805
2,058
2,358
2,541
1,204
1,401
1,912
2,732
2,344
3,391

6,770
6,181
5,827
6,542
4,870
4,967
5,923
7,079
6,438
8,552

7,384
6,636
6,515
6,625
5,158
5,193
6,052
7,814
6,884
9,387

10
22
27
23
64
62
44
6
18
1

Lamar
Lauderdale
Lawrence
Lee
Limestone
Lowndes
Macon
Madison
Marengo
Marion

30
183
53
144
94
21
51
659
49
53

101
574
153
438
273
74
127
1,576
137
168

110
634
160
494
294
74
139
1,751
146
181

8.33
10.38
4.58
12.76
7.84
-.15
9.34
11.14
7.11
7.84

1,970
2,720
1,947
2,579
2,257
1,412
1,994
3,610
1,768
2,203

6,263
7,136
5,050
5,761
6,064
5,529
4,779
8,083
5,404
5,621

6,664
7,855
5,287
6,456
6,383
5,545
5,166
8,871
5,829
6,006

21
5
60
29
31
56
63
2
50
46

Marshall
Mobile
Monroe
Montgomery
Morgan
Perry
Pickens
Pike
Randolph
Russell

138
870
43
545
219
26
39
55
38
101

420
2,531
140
1,562
617
71
116
163
103
272

462
2,831
145
1,745
673
71
124
175
115
297

10.12
11.84
3.62
11.67
9.05
.45
7.09
7.89
11.96
9.19

2,496
2,736
1,932
3,328
2,961
1,460
1,938
2,258
2,030
2,176

6,455
6,997
6,228
8,078
6,817
4,780
5,313
5,930
5,190
5,698

7,026
7,751
6,396
8,833
7,443
4,730
5,770
6,238
5,736
6,262

15
7
30
3
9
67
52
38
53
37

St. Clair
Shelby
Sumter
Talladega
Tallapoosa
Tuscaloosa
Walker
Washington
Wilcox
Winston

64
93
29
164
88
290
132
31
27
41

230
409
91
424
226
878
498
94
72
132

252
453
94
468
254
972
547
105
77
140

9.45
10.60
3.26
10.27
11.96
10.64
9.69
11.61
6.57
5.84

2,289
2,579
1,601
2,446
2,493
2,487
2,328
1,928
1,519
2,456

5,688
6,352
5,391
5,769
5,782
6,478
7,216
5,579
5,003
5,941

6,102
6,814
5,543
6,319
6,540
7,052
7,945
6,208
5,207
6,351

41
20
57
35
26
13
4
39
61
34

1,259
614
644

4,568
2,226
2,342

5,139
2,494
2,645

12.52
12.05
12.96

4,253 11,320 12,759
4,985 12,448 14,266
3,731 10,423 11,604

37
614
1
10
11
4
6
7
200
5

72
2,226
4
54
59
11
28
22
674
15

83
2,494
5
59
68
11
31
25
720
18

14.03
12.05
45.71
10.46
15.03
5.91
10.32
12.80
6.89
18.86

4,671 9,248 9,945
4,985 12,448 14,266
1,376 6,266 7,443
2,906 14,182 15,686
1,439 6,064 6,997
3,296 9,662 10,187
1,602 6,777 7,622
3,950 9,736 11,281
4,468 12,269 13,308
3,577 8,901 10,580

20
4
25
2
27
17
23
13
5
16

73
47
42
8

269
199
137
30

308
229
171
35

14.33
14.99
24.43
16.75

5,468 13,558 15,732
3,406 9,600 10,158
4,201 12,353 15,084
1,883 6,187 7,225

1
18
23
26

Alaska
SMSA counties
Non-SMSA counties
Census divisions:
Aleutian Islands
Anchorage
Barrow-North Slope
Bethel
Bristol Bay Borough
Bristol Bay
Cordova McCarthy
Tj

•

Kenai-Cook Inlet
Ketchikan
Kobuk
See footnotes at end of table.




1969

1979

Per capita personal income
Percent
change

Area title

1980

United States

Etowah
Fayette
Franklin
Geneva
Greene
Hale
Henry
Houston
Jackson
Jefferson

Millions of dollars

1980

SMSA counties
Non-SMSA counties
Alabama
SMSA counties
Non-SMSA counties
Autauga
Baldwin
Barbour
Bibb
Blunt
Bullock
Butler

Total personal income

Rank
in
state

Dollars

Percent
change

1980

197980

Rank
in
state

Dollars
1969

1979

1980
1980

Kodiak
Kuskokwim
Matanuska-Susitna
Nome
Outer Ketchikan
Prince of Wales
Seward
Sitka ...
Skagway-Yakutat
Southeast Fairbanks

36
5
23
13
5
8
7
27
7
12

Upper Yukon
Valdez-ChitinaWhittier
Wade Hampton
Wrangell-Petersburg
Yukon-Koyukuk

6

17

19

9.56

10
5
18
13

62
17
54
62

77
20
68
65

23.23
18.70
26.74
5.58

5,848
4,628
1,220
69
183
133
71
36
33
3,468

20,963
16,613
4,350
263
545
471
280
108
100
12,618

24,013
19,183
4,830
284
611
529
304
125
104
14,568

14.55
15.47
11.03
7.83
12.13
12.36
8.45
15.11
3.99
15.45

3,366
3,585
2,735
2,030
3,017
2,752
2,468
2,207
3,213
3,666

7,945
8,390
6,607
5,050
6,321
6,416
7,684
5,104
8,167
8,661

8,814
9,384
7,101
5,437
7,034
7,040
8,177
5,449
9,078
9,637

14
11
10
5
13
2
1

83
91
1,160
193
37
113
177

378
382
3,994
582
132
505
603

426
423
4,615
647
149
584
643

12.83
10.55
15.54
11.29
13.09
15.79
6.50

3,385
1,954
3,363
2,871
2,712
3,164
2,963

7,297
5,758
7,633
6,501
6,720
7,663
7,226

7,638
6,229
8,666
7,105
7,285
8,553
7,081

6
12
3
8
7
4
9

4,890
2,168
2,722
71
58
39
132
49
28
12

15,263
6,674
8,589
199
163
179
552
177
84
31

16,462
7,352
9,109
193
171
207
620
194
90
34

7.85
10.17
6.06
9 83
5.21
15.80
12.39
9.66
6.48
9.04

2,556
2,993
2,290
3,029
2,338
2,653
2,691
2,617
2,196
2,092

6,726
7,568
6,192
8,242
6,078
6,599
7,209
6,975
6,002
5,149

7,185
8,196
6,534
7,974
6,430
7,536
7,921
7,434
6,484
5,556

6
34
8
7
10
29
65

Crawford

30
34
48
43
21
13
62
39
134
54

101
88
140
130
96
41
172
114
435
205

109
'81
154
128
106
46
192
126
458
222

7.64
8 61
10.04
-1.95
11.05
12.17
11.38
9.90
5.42
8.43

2,468
1,845
2,213
2,230
2,023
1,938
2,381
2,374
2,591
2,141

6,501
4,892
5,926
6,152
5,726
5,270
6,544
5,910
6,862
5,634

6,720
4,523
6,591
6,178
6,271
5,793
7,182
6,436
7,231
6,012

20
73
24
45
40
57
14
32
12
52

Crittenden
Cross
Dallas
Desha
Drew
P, ,,.
Fulton
Garland
Grant

107
45
21
41
30
72
25
13
152
25

307
141
63
114
100
276
83
44
507
81

314
132
68
113
103
299
90
49
572
90

2.27
-6.61
9.35
-.51
3.14
8.32
8.38
11.22
12.71
10.70

2,220
2,287
2,071
2,172
1,998
2,353
2,207
1,660
2,830
2,575

6,235
6,730
5,883
5,734
5,507
6,118
5,647
4,519
7,242
6,303

6,372
6,423
6,485
5,707
5,747
6,466
6,082
4,944
8,156
6,900

38
35
28
63
60
31
48
69
4
18

Greene
Hempstead
Hot Spring. .

Jefferson
Johnson
Lafavette

55
45
58
28
54
14
47
222
28
22

186
146
174
100
188
59
139
617
98
57

197
153
196
108
209
69
136
683
107
60

5.54
5.23
12.43
7.30
11.13
17.56
-2.13
10.71
8.84
4.45

2,214
2,309
2,636
2,459
2,421
1,848
2,285
2,603
2,041
2,140

5,981
6,299
6,519
7,490
6,505
5,642
6,338
6,894
5,624
5,575

6,383
6,479
7,274
7,980
6,928
6,415
6,260
7,514
6,130
5,826

37
30
11
5
17
36
41
9
46
54

Lawrence
Lee
Lincoln
Little River
Logan
Lonoke
Madison
Marion
Miller
Mississippi

34
32
26
28
35
62
19
13
91
141

121
77
64
94
108
242
61
59
250
391

123
73
65
94
121
245
66
66
259
391

2.27
5 16
.35
15

1.09
8.37
11.39
3.51
-.12

2,097
1,684
1,974
2,566
2,071
2,381
1,980
1,842
2,742
2,241

6,609
4,861
4,838
6,470
5,380
7,070
5,590
5,223
6,689
6,471

6,665
4,665
4,821
6,714
6,003
7,075
5,787
5,820
6,837
6,552

23
72
70
21
53
15
58
55
19
25

Monroe
Montgomery
Nevada
Newton
Ouachita
Perry
Phillips
Pike
Poinsett
Polk

31
11
21
8
80
8
84
17
62
28

85
38
63
26
198
39
190
58
184
92

81
42
69
29
220
42
186
63
176
103

-4.39
10.51
10.16
10.24
11.25
8.73
2.03
7.45
-4.05
11.38

1,970
1,915
2,024
1,306
2,591
1,510
2,072
1,966
2,263
2,105

5,992
5,006
5,580
3,412
6,506
5,146
5,343
5,619
6,679
5,379

5,765
5,406
6,239
3,717
7,197
5,796
5,337
6,020
6,503
6,021

59
66
42
75
13
56
67
51
27
50

SMSA counties
Non-SMSA counties
Cochise
Gila
Greenlee
Maricopa
N
Pima
Pinal
Y
Y

P

Arkansas
SMSA counties
Non-SMSA counties
Ashley
Baxter
T,
Bradlev
Calhoun
Carroll ..
Chicot
Clark
Clay
Cleburne
Cleveland
p
v_/onway....

Independence
Izard

113
12
164
47
15
22
30
88
23
41

126
15
194
54
16
30
34
97
25
42

11.57
22.48
17.99
15.36
7.91
34.71
12.32
10.23
10.89
1.47

mi

12,690
5,748
10,846
8,214
12,004
11,991
11,967
12,360
9,098
7,462

6
28
15
22
10
11
12
9
21
24

9,190 10,129

19

3,328 9,772 12,542
1,251 3,636 4,325
3,643 8,747 11,022
2,740 11,820 12,429

7
29
14
8

3,849
2,049
3,524
2,361
3,023
4,045
3,190
4,481
3,327
2,999
5,085

12,012
4,491
10,129
7,060
10,533
8,578
10,731
11,461
8,225
7,502

54

SURVEY OF CURRENT BUSINESS

April

Table 2.—-Total Personal Income and Per Capita Personal Income by
County for Selected Years l—Continued
Per capita personal income

Total personal income
Millions of dollars
Area title
1979

1980

197980

1969

1979

Millions of dollars
1969

6,534
5,746
9,574
5,735
6,130
6,681
5,632
4,521
8,750
6,037

26
61
1
62
47
22
64
74
2
49

Clear Creek
Conejos
Costilla
Crowley
Custer
Delta
Denver
Dolores
Douglas
Eagle

91
43
421
70
702
328
71
106

14.88
11.66
11.02
13.84
10.31
7.73
-9.70
8.16

2,082
1,410
3,091
1,730
2,624
2,178
2,289
2,251

5,543
4,381
7,577
4,646
6,477
6,087
7,020
5,616

6,203
4,748
8,405
5,209
7,026
6,431
6,327
6,207

44
71
3
68
16
33
39
43

Elbert
El Paso
Fremont
Garfield. . ..
Gilpin
Grand
Gunnison

228,008
218,629
9,379
11,246
7
159
1,075
140
169
7,082

259,339
248,898
10,441
12,719
8
180
1,228
165
171
8,068

13.74
13.84
11.32
13.10
10.50
13.34
14.24
18.03
1.48
13.91

4,282 9,805 10,929
4,322 9,897 11,049
3,415 8,050 8,690
4,365 10,230 11,478
3,726 6,008 7,001
3,613 8,554 9,311
3,190 7,762 8,520
3,092 7,055 7,934
5,522 13,034 13,349
4,600 11,017 12,246

8
57
27
44
53
4
6

49
160
1,367
66
347
272
52
1,101
191
64

141
667
4,444
204
882
749
147
3,244
532
252

156
755
4,980
218
979
804
169
3,682
582
290

10.97
13.17
12.06
6.48
11.02
7.33
15.45
13.48
9.40
14.88

3,471
3,707
3,348
3,844
3,511
3,692
3,372
3,383
2,905
3,404

7,871 8,570
8,273 8,780
8,777 9,647
9,733 10,166
8,181 9,041
8,315 8,708
8,259 9,434
8,251 9,112
7,237 7,880
7,267 7,956

40
37
22
14
32
39
24
31
54
52

Lassen
Los Angeles
Madera
Marin
Mariposa
Mendocino
Merced
Modoc
Mono
Monterey

56
32,047
128
1,158
22
167
334
26
12
1,022

162
75,241
485
3,070
91
532
1,138
74
60
2,853

177
85,110
541
3,529
100
584
1,252
80
72
3,180

9.23
13.12
11.54
14.97
10.11
9.69
10.04
8.72
19.88
11.46

3,358 7,659 8,144
4,585 10,166 11,350
8,065 8,556
3,115
5,689 13,773 15,793
3,769 8,532 8,966
3,358 8,184 8,726
3,302 8,635 9,283
3,617 8,737 9,293
3,167 7,335 8,379
4,005 9,944 10,922

49
9
41
1
33
38
30
28
47
11

Napa
Nevada
Orange
Placer
Plumas
Riverside
Sacramento

327
84
6,102
268
42
1,605
2,462
69
2,223
5,352

927
353
19,935
970
124
5,406
7,136
184
6,840
16,271

1,046
406
22,960
1,111
141
6,203
8,092
214
7,862
18,592

12.91
15.09
15.17
14.55
13.87
14.74
13.41
16.69
14.94
14.27

4,262 9,379 10,521
3,307 7,302 7,849
4,432 10,537 11,857
3,539 8,599 9,451
3,647 7,400 8,097
3,564 8,446 9,320
3,979 9,285 10,305
3,815 7,551 8,550
3,310 7,983 8,781
3,991 8,903 9,962

12
55
7
23
50
26
13
42
36
16

3,935
1,071
330
2,973
1,059
4,626
460
257
8
116

8,233
2,951
1,206
7,693
2,905
13,751
1,599
882
23
315

9,389
3,407
1,373
8,677
3,277
15,965
1,831
991
28
338

14.04
15.43
13.80
12.80
12.81
16.09
14.52
12.38
20.03
7.51

5,418 12,181 13,791
3,760 8,722 9,785
3,216 7,997 8,816
5,383 13,137 14,717
4,040 9,834 10,948
4,477 10,816 12,297
3,761 8,686 9,708
3,363 7,862 8,547
3,323 7,545 8,929
3,526 8,118 8,498

3
19
35
2
10
5
20
43
34
45

604
755
670
156
98
22
570
71
1,363
329
142

1,910
2,526
2,181
472
275
74
1,867
235
4,568
991
362

2,206
2,900
2,475
520
302
83
2,088
272
5,255
1,149
406

15.47
14.83
13.48
10.30
9.92
12.28
11.87
15.80
15.04
15.89
12.29

3,585
3,760
3,502
3,743
3,372
2,972
3,067
3,347
3,684
3,666
3,172

8,510 9,355
8,653 9,650
8,358 9,286
9,124 9,932
7,369 7,756
6,348 6,956
7,775 8,478
7,155 8,005
8,919 9,894
9,048 10,111
7,389 8,144

25.
21
29
17
56
58
46
51
18
15
48

7,730
6,541
1,189
627
25
692
7
17
15
451

25,482
21,358
4,124
2,221
92
2,945
25
47
44
1,676

29,053
24,424
4,628
2,552
94
3,419
27
48
42
1,925

14.01
14.36
12.23
14.90
1.79
16.10
7.68
1.91
-3.83
14.84

3,569 8,944 10,033
3,765 9,245 10,431
2,776 7,650 8,352
3,433 9,028 10,350
2,348 7,922 7,922
4,407 10,580 11,615
2,825 7,258 7,467
2,930 8,654 8,869
2,196 7,359 7,131
3,483 8,959 10,129

10
39
4
42
22
49
12

27
8

102
' 21

2,673
3,451

25
36

. .

. ..

17
10
142
14
197
84
27
32

79
38
379
61
637
304
79
98

84,402
81,464
2,938
4,627
1
41
322
41
68
2,513

Sharp
Stone
Union
Van Buren
Washington
White
Woodruff
Yell
California
SMSA counties
Non-SMSA counties
Alameda
Alpine
Araador
Butte
Calaveras
Colusa
Contra Costa
DelNorte
El Dorado
Fresno
Glenn
Humboldt
Imperial
Inyo
Kern
Kings
Lake

Sfl Rprnardino
San Diego
an ra
S
,
*
oan doaquin
11
q jwf
P°
Santa Barbara
Santa Clara

Shasta
Sierra
0 1

Sonoma
Stanislaus
Sutter
Tehama
Trinity
Tulare

V t
Yolo
Yuba
Colorado
SMSA counties
Non-SMSA counties
Alamosa
A H l t
Baca
Bent

...

Chaff ee
y

See footnotes at end of table.




13.70
116
17 -18.17

1979

1980

1980

6,068
6,881
8,820
5,620
5,935
6,116
5,334
4,145
7,956
5,963

7,850
9,829

8,760
8,103

2,805 8,790 10,288
3,147 9,047 9,807
2,449 6,332 7,108
2,500 6,015 6,815
3,205 7,234 8,776
2,669 7,351 7,741
2,909 5,254 8,137
2,137 5,413 5,981
3,684 12,271 11,612
4,742 12,204 13,989

11
15
50
53
24
40
35
59
5
1

98
1,057
66
90
149
22
5
18
31
88

1.28
7.93
23.59
16.07
18.41
6.50
23.21
22.64
-5.69
20.83

3,116
2,998
3,313
2,039
2,966
1,585
1,974
2,006
3,856
2,276

7,209 7,462
7,778 8,369
8,971 10,561
7,353 8,563
9,716 11,100
5,342 5,698
5,110 6,454
5,191 5,747
9,681 9,515
8,511 9,924

43
33
9
27
7
62
54
61
16
14

60
48
1,059
90

14.19
4 33
13.02
4.03
13.67
13.71
13.18
14.64
14.03
13.75
13.42
12.25
13.30
13.15
11.94
12.12
13.32
8.88
8.81
13.32
8.94

3,013
3,315
3,024
3,267
4,664
4,700
4,220
5,609
4,619
4,566
4,342
4,294
3,758
3,820
3,631
4,289
4,658
3,413
3,244
4,658
3,585

14.43
16.62
2 69
14.97
12.54
16.51
8.36
1.19
6.93
17.34

2
20
31
46
62
62
5
5
15
28

7
111
103
141
158
166
10
25
54
130

8
129
118
166
198
175
16
32
53
145

40
353
16
22
19
6
2
4
14
6

97
979
54
78
126
21
4
15
33
73

10
18
261
28
13,991
13,040
951
....
4,380
3,735
648
486
3,208
848
384
303

52
50
937
86
32,043
29,812
2,231
10,021
8,366
1,524
1,227
7,136
2,106
955
707

2,316
1,769
547
262
1,769
285

5,476
3,990
1,486
720
3,990
766

SMSA counties
Non-SMSA counties
Kent
New Castle
District of Columbia

Charlotte
Citrus
Clay
Collier
Columbia
Dade
De Soto
Dixie

19.41
15.83
13.93
18.03
25.27
5.56
50.27
29.80
-2.52
11.19

4,169
16
67
81
203
1,267
105
38
182
705

o M'eu \
Sedgwick
Summitt

Florida
SMSA counties
Non-SMSA counties
Alachua
Baker
Bay
Bradford
Brevard
Broward
Calhoun

6
31
23
19
47
30
52
38
18
26

3,643
14
69
71
180
1,087
97
37
170
601

Rio Grande
Routt
Saguache

Connecticut
SMSA counties
Non-SMSA counties
Fairfield
Hartford
Litchfield
Middlesex ...
New Haven
New London
Tolland
Windham

9,858 11,188
7,466 8,375
9,074 8,790
7,979 9,166
6,617 7,378
7,474 8,472
6,655 7,056
8,182 8,071
8,838 9,174
7,811 8,630

928
11
28
24
50
250
36
15
60
156

Pueblo

Weld

4,027
5,433
3,708
2,912
2,586
3,067
2,308
3,193
3,112
2,874

-3.17
13.79
11.49
21.61
23.65
11.46
18.72
8.36
11.93
42.41

Park
Phillips
Pitkin

Teller

48
29
46
13
57
20
55
58
56
37

49
2,631
213
227
15
68
69
2
40
15

Otero

1980

8,228 7,192
7,478 8,484
6,670 7,394
8,522 10,039
5,359 6,039
8,420 9,026
5,825 6,431
4,513 5,990
5,436 6,177
5,992 8,090

51
2,313
191
186
12
61
58
2
36
11

Montrose

1980

2,785
3,466
2,609
3,106
2,211
2,837
2,328
1,500
1,872
1,069

11
793
56
44
3
11
15
(*)
13
2

Mineral
Moffat

1979

32
63
60
34
44
51
2
41
3
8

17.56
61
32 -5.60
18
3.86
5.24
24
11 -14.96
11.38
150
14.10
5,978
7.96
12
294
15.62
146
14.87

• •

1969

3,234 7,466 8,370
1,550 4,398 4,139
1,409 5,612 5,967
2,543 8,249 8,165
2,444 8,667 7,457
2,400 6,523 7,066
4,192 10581 12,135
2,747 7,597 7,471
3,834 10,999 11,647
3,209 9,569 11,065

52
34
18
23
13
135
5,239
12
254
127

Jefferson

•

197980

15
12
4
8
3
37
2,143
4
30
23

Huerfano
Jackson

Kit Carson
Lake
La Plata
T
A '
Lincoln
Logan
Mesa

Rank
in
state

change

1980

2,290
2,228
3,512
1,923
2,158
2,676
1,885
1,473
3,146
2,230

230
69
2,944
94
184
316
51
37
751
82

Dollars

Per-

Area title

10.88
255
58 -15.43
3,270
11.05
97
3.03
3.17
190
11.90
354
55
7.51
40
9.11
834
11.01
85
3.64

64
23
995
24
67
95
15
11
246
25

Per capital personal income

Total personal income

Rank
in
state

change
1969

Pope
Prairie
Pulaski
Randolph
St. Francis
Saline
Scott
Searcy
Sebastian
Sevier

Dollars

Per-

36,423
33,898
2,525
11,489
9,540
1,734
1,392
8,010
2,386
1,080
792
6,140
4,521
1,618
784
4,521
835

6,623
10,242
7,798
8,971
10,337
10,453
9,001
12,485
10,386
9,794
9,560
9,387
8,746
8,341
7,664
9,144
9,921
7,557
7,262
9,921
7,857

7,403
8,975
8,562
9,245
11,692
11,830
10,114
14,197
11,782
11,032
10,763
10,497
9,987
9,385
8,555
10,291
11,305
8,227
7,959
11,305
8,496

45
21
28
17

i

2
3
4
5
6
7
8

3
1
2

3,379

6,960

7,706

10.71

4,434 10,616 12,050

23,073
21,076
1,996
269
20
192
28
889
2,462
13

76,085
68,559
7,526
936
72
630
86
2,089
9,265
44

88,693
80,005
8,688
1,070
79
719
97
2,462
10,932
47

16.57
16.70
15.44
14.35
9.84
14.12
13.08
17.84
18.00
7.50

3,474
3,570
2,707
2,664
2,225
2,595
1,959
4,060
4,133
1,748

8,034 8,993
8,233 9,217
6,586 7,347
6,409 7,055
4,794 5,174
6,458 7,336
4,467 4,843
7,942 8,998
9,392 10,737
4,817 5,056

32
55
29
61
13
3
57

77
41
89
156
63
5,068
32
10

422
280
439
778
204
14,093
117
32

501
338
507
911
230
16,529
130
37

18.78
20.98
15.43
17.04
12.69
17.29
11.44
15.02

2,927
2,235
2,956
4,407
2,555
4,055
2,452
1,910

7,624 8,452
5,423 6,172
6,826 7,543
9,504 10,569
5,912 6,474
8,894 9,598
6,306 6,831
4,364 4,793

15
44
25
4
39
8
35
62

SURVEY OF CURRENT BUSINESS

April

55

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years 1—Continued
Per capita personal income

Total personal income
Millions of dollars
Area title
1969

1979

1980

197980

1969

1979

Area title

1980

1969

1980

82
26
4
36
44
38
16
27
35
227

358
72
11
108
121
110
50
72
210
584

405
73
12
119
135
113
50
84
250
644

13.29
1.88
11.04
9.49
12.03
2.14
-.7
15.40
18.86
10.29

3,037
2,001
2,130
2,736
2,517
2,042
2,172
2,069
3,255
3,115

6,699
5,539
4,636
6,017
6,551
5,331
5,770
4,895
7,911
7,341

7,407
5,570
5,273
6,457
7,198
5,412
5,911
5,652
8,573
8,053

27
111
125
62
33
121
89
106
7
13

46
31
2,477
21
6
151
66
39
20
219

157
85
5,898
65
16
429
193
110
59
1,149

180
93
6,676
70
16
485
206
112
67
1,349

14.20
9.70
13.19
6.61
.13
13.09
6.99
1.85
12.60
17.40

2,837
2,390
4,038
2,314
2,472
3,000
2,820
2,168
1,973
3,168

5,910 6,417
5,622 6,125
9,994 11,286
5,955 6,256
7,476 6,861
7,858 8,797
6,411 6,840
5,570 5,655
5,145 5,857
7,348 8,061

65
77
2
71
44
5
45
105
93
12

47
176
16
48
26
38
11
63
204
19

144
551
43
119
83
105
41
236
539
52

157
9.52
620
12.54
47
9.85
133
11.43
7.74
89
113
8.11
10.81
46
272
15.54
584
8.33
43 -16.91

2,298
3,017
1,740
3,021
2,239
2,410
2,122
2,706
3,345
2,352

5,753
7,413
4,497
6,660
5,448
5,727
6,515
6,842
7,035
5,747

6,271
8,172
4,952
7,207
5,750
6,092
6,989
7,480
7,505
4,785

69
10
140
32
101
81
37
24
21
146

55
15
25
36
16
15
26
26
11
77

148
50
74
102
45
46
78
65
28
233

164
52
78
105
45
48
88
72
29
244

10.37
5.18
5.80
2.17
1.79
4.08
13.25
10.50
3.34
4.78

2,599
2,516
2,714
2,080
1,898
1,900
2,141
2,419
2,199
2,350

5,869
6,034
6,459
5,620
5,178
5,326
4,881
5,393
5,011
6,231

6,440
6,899
6,782
5,671
5,112
5,476
5,314
5,898
5,100
6,583

64
42
48
104
135
115
124
90
136
58

15
37
11
7
154
19
37
11
25
32

53
236
35
23
419
52
112
36
72
96

48 -10.27
266
12.52
39
11.35
25
8.27
455
8.78
57
9.10
123
9.13
41
13.43
82
13.05
105
9.08

2,235
2,177
1,994
1,878
2,810
2,288
2,501
1,521
1,914
2,423

4,711
6,752
5,040
5,339
6,205
4,929
6,132
4,538
5,221
6,187

4,097
7,054
5,551
5,594
6,684
5,264
6,604
5,098
5,817
5,916

158
35
112
110
53
126
56
137
98
88

11
43
13
44
27
12
24
30
533
70

28
111
42
120
88
37
74
118
1,180
223

1 93
28
122
9.51
35 -18.53
115 -3.55
102
16.36
38
2.85
84
12.98
126
6.87
1,302
10.29
256
14.89

2,163
2,199
2,100
2,254
2,416
1,962
2,449
2,423
3,270
2,695

5,268
5,284
6,214
5,761
6,159
5,189
6,623
6,160
6,946
6,538

5,231
5,723
4,897
5,451
6,972
5,445
7,233
6,390
7,633
7,416

130
103
145
118
38
119
30
66
18
26

20
16
41
41
24
24
17
76
22
20

67
45
147
126
68
60
51
203
55
68

72
46
165
143
77
60
55
222
52
78.

2,521
2,065
2,424
2,533
2,532
2,584
2,310
2,561
2,742
2,430

5,615
5,000
5,840
6,637
5,952
5,150
5,997
6,288
6,227
6,647

5,763
5,190
6,318
7,456
6,627
5,070
6,156
6,828
5,832
7,589

100
132
68
25
54
138
75
46
96
20

Spalding
Stephens

3
17
18
577
50
7
24
17
112
51

8
52
47
1,228
244
20
81
57
331
144

9
58
44
1,363
287
20
77
53
374
150

5.22 1,341
11.35 2,030
694 2,090
10.96 '3,564
17.47 2,911
-.90 2,361
-4.61 1,887
-6.98 2,359
12.94 2,851
4.62 2,520

3,465
5,104
4,904
6,843
6,896
5,739
5,771
6,335
7,040
6,620

3,645
5,511
4,579
7,484
7,789
5,835
5,464
5,821
7,789
6,897

159
114
151
23
16
95
116
97
15
43

Stewart
Sumter

12
69

27
181

27
190

1,800
2,546

4,474
6,231

4,548
6,468

152
61

9,141
7,641
7,354
4,781
4,971
6,469
4,490
6,355
5,995
7,233

11
24
28
63
60
40
66
42
47
31

Hendry
Hernando
Highlands
Hillsborough
Holmes
Indian River
Jackson
Jefferson
Lafayette
Lake

51
41
85
1,508
19
118
72
17
6
230

152
246
309
4,741
68
513
207
56
18
765

171
291
354
5,468
74
595
223
61
19
880

12.18
18.22
14.60
15.35
7.65
15.97
7.47
9.00
7.03
15.14

4,401
2,480
2,965
3,117
1,802
3,352
2,086
1,910
2,050
3,384

8,488
6,057
6,736
7,425
4,528
8,864
5,247
5,292
4,424
7,534

9,149
6,518
7,427
8,412
4,986
9,917
5,676
5,665
4,644
8,376

10
38
26
16
59
5
51
52
65
17

340
281
29
6
28
295
180
96
158
51

1,585
1,036
101
18
86
1,141
734
516
435
178

1,869
1,194
113
20
92
1,329
855
630
498
201

17.92
15.24
11.21
13.28
7.54
16.44
16.53
22.07
14.52
13.17

3,417
2,818
2,352
1,917
2,060
3,136
2,649
3,529
3,020
2,561

8,231
7,286
5,256
4,264
5,790
7,947
6,231
8,438
6,737
5,457

9,086
8,015
5,663
4,741
6,182
8,933
6,966
9,812
7,812
6,104

12
19
53
64
43
14
33
6
22
45

244
26
1,189
63
1,389
177
1,829
697
86
100

728
105
3,888
272
5,604
1,044
6,002
2,266
263
339

818
124
4,535
323
6,662
1,241
7,041
2,639
300
394

12.32
17.63
16.65
19.02
18.87
18.87
17.31
16.46
13.97
16.18

2,902 6,541 7,413
2,390 5,278 6,097
3,535 8,410 9,583
2,596 5,846 6,541
4,125 10,172 11,554
2,462 5,658 6,376
3,581 8,455 9,643
3,072 7,247 8,186
2,394 5,325 5,911
3,252 6,963 7,652

27
46
9
37
1
41
7
18
49
23

St. Lucie
Santa Rosa
Sarasota
Seminole
Sumter
Suwanee
Taylor
Union
Volusia
Wakulla

148
108
504
238
30
36
35
11
533
13

566
342
1,956
1,115
127
119
97
41
1,778
48

689
386
2,289
1,313
144
127
112
44
2,071
55

21.82
12.86
17.01
17.73
13.45
7.14
14.61
7.50
16.45
14.71

2,984 6,893 7,888
2,936 6,166 6,881
4,383 10,032 11,287
2,924 6,533 7,287
2,026 5,442 5,918
2,285 5,294 5,696
2,528 5,807 6,734
1,348 3,904 4,338
3,192 7,100 7,983
2,023 4,559 5,012

21
34
2
30
48
50
36
67
20
58

Jackson

Walton
Washington

30
22

95
73

109
79

13.86
8.01

1,870
1,882

4,691
5,050

5,091
5,400

56
54

14,138
9,526
4,612
25
11
18
6
70
15
46

39,553
26,218
13,336
88
31
54
23
209
41
137

44,044
11.35
29,699
13.28
14,344
7.56
92
4.88
30 -3.25
54
-.26
17 -25.48
12.53
236
45
8.79
12.90
154

3,107
3,567
2,453
2,040
1,923
2,260
1,636
2,004
2,197
2,789

7,337
8,128
6,157
5,760
5,161
5,844
5,909
6,077
4,926
6,551

8,041
9,041
6,543
5,888
4,936
5,723
4,407
6,777
5,145
7,230

Lee
Libertv
Lincoln

91
142
102
153
49
134
31

10.52
5.10
.63
13.19
1.38
5.86
-6.16
14.99
3.17
2.92

2,814
2,352
2,624
3,287
2,300
2,314
2,191
1,998
1,965
1,784

6,741
6,163
6,005
7,609
5,852
4,901
5,313
4,761
6,070
5,294

7,303
6,259
6,077
8,594
5,970
4,610
4,917
5,233
6,178
5,395

28
70
82
6
86
150
144
129
73
123

Butts
Calhoun
i
Camden
Candler
Carroll
Catoosa
Charlton
Chatham ..
....
Chattahoochee
Chattoga

24
12
28
15
114
66
12
610
122
52

74
37
89
46
352
194
35
1,506
141
125

84
35
112
44
393
205
39
1,693
158
132

13.36
5.43
26.95
-4.85
11.56
5.71
10.17
12.43
11.79
6.20

2,346
1,882
2,482
2,273
2,576
2,353
2,061
3,269
4,876
2,522

5,384
6,230
7,120
6,258
6,298
5,443
4,747
7,468
6,438
5,660

6,117
6,104
8,390
5,802
6,952
5,518
5,238
8,354
7,241
6,044

78
79
8
99
39
113
128
9
29
83

Cherokee
Clarke
Clay
Clayton
Clinch
Cobb
Coffee
Colquitt
Columbia
Cook

80
170
6
323
14
756
55
81
55
30

266
509
17
1,231
36
2,394
142
200
221
74

303
14.00
567
11.33
15 -12.35
14.54
1,410
40
9.58
15.54
2,767
146
2.76
8.64
218
15.68
256
74
-.66

2,665
2,662
1,552
3,381
2,094
3,979
2,450
2,524
2,539
2,476

5,410
7,015
4,672
8,292
5,531
8,335
5,367
5,732
5,728
5,550

5,848
7,591
4,138
9,357
5,963
9,272
5,411
6,138
6,371
5,437

94
19
157
3
87
4
122
76
67
120

See footnotes at end of table.




1980
14
156
80
107
40
72
1
109
74
17

8,254
6,876
6,547
4,249
4,478
5,959
4,128
6,498
5,537
6,656

298
100
82
1,301
64
40
75
53
222
105

1980

2,891 7,150 7,887
2,161 3,829 4,174
2,226 5,916 6,098
2,192 5,299 5,636
2,704 6,530 6,948
2,027 6,394 6,235
4,355 10,418 11,820
2,143 5,466 5,618
2,255 6,094 6,174
2,593 6,951 7,654

3,306
2,955
2,307
1,543
1,949
2,454
2,254
2,429
1,908
2,852

270
96
82
1,150
64
38
80
46
215
102

1979

13.72
11.60
2.26
7.31
7.98
-.66
14.41
4.00
.56
12.10

12.98
11.48
17.74
14.25
13.14
10.14
10.95
-.80
7.66
9.05

91
31
30
471
24
14
30
13
61
33

1969

310
32
119
70
33
159
5,724
95
67
775

5,233
1,791
80
37
207
37
27
68
53
141

Ben Hill
Berrien
Bibb
Bleckley
Brantley
Brooks
Bryan
Bulloch
Burke

197980

273
29
116
65
31
160
5,003
92
67
691

4,632
1,607
68
32
183
34
24
68
49
129

Georgia
SMSA counties
Non-SMSA counties
Appling
Atkinson
Bacon
Baker
Baldwin
... .
Banks
Barrow

1980

Rank
in
state

92
12
40
21
10
46
1,782
34
24
228

1,750
597
10
11
77
9
8
24
15
42

Okaloosa
Okeechobee
Orange
Osceola
Palm Beach
Pasco
Pinellas
Polk
Putnam
St. Johns

1979

Dollars

Percent
change

Millions of dollars

Duval
Escambia
Flagler
Franklin
Gadsden
Gilchrist
Glades
Gulf
Hamilton
Hardee

Lee
Leon
Levy
Liberty
Madison
Manatee
Marion
Martin
Monroe
Nassau. .f

Per capita personal income

Total personal income

Rank
in
state

Dollars

Percent
change

Coweta
Crawford
Bade
Dawson
De Kalb
Dodge
Dooly

Early
Echols
Effincham
Elbert
Fv
F
Favette
FlnvH

Forsvth
Fulton
Glascock
Glvnn
Gradv
Greene

Hall
Haralson
Hart
Heard
Henry
uston

T ff T} ""'
T ff avis
er on
Y n ns
,
Jones
r1 .
T

T wn<?^s
McDuffie
Mclntosh
Madison
Marion
Miller
Mitchell
iv/r

Murray

~ , ,,
Paulding
Pt»nr>Vi

p.
Pi to

Polk
Pulaski

Rabun
Randolph ...
Richmond
Rockdale
Schley
Screven

6.78
3.29
12.29
13.32
14.24
.32
7.85
9.20
4 19
15.05

.62
5.42

SURVEY OF CURRENT BUSINESS

56

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years 1 —Continued
Per capita personal income

Total personal income

Per-

Millions of dollars
Area title

change

1969

1979

1980

197980

1969

1979

Total personal income

Rank
in
state

Dollars

Area title

1980

Talbot
Taliaferro
Tattnall
Taylor
Telfair
Terrell
Thomas
Tift
Toombs
Towns

11
5
31
17
25
25
89
64
43
8

28
12
92
45
74
63
248
208
124
26

31
13
95
48
76
61
264
217
133
29

9.19
11.69
3.66
5.38
2.66
250
6.57
3.94
7.10
12.06

1,656
1,944
1,863
2,156
2,216
2,249
2,545
2,344
2,262
1,777

4,219
5,600
5,016
5,595
6,216
5,194
6,448
6,385
5,511
4,797

4,710
6,441
5,241
6,001
6,602
5,065
6,912
6,574
5,884
5,203

147
63
127
85
57
139
41
59
92
131

Bureau. . . . .
Calhoun
Carroll
Cass
Cham paign
Christian
Clark
Clay
Clinton
Coles

Treutlen
Troup
Turner
Twiges .
Union
Upson
Walker
Walton
Ware
Warren

9
126
20
14
13
64
153
58
94
12

27
335
60
38
35
156
375
192
243
36

30
375
57
41
40
171
397
213
266
37

9.98
12.17
-5.11
7.60
13.28
9.23
6.01
10.85
9.73
3.18

1,642
2,827
2,330
1,671
1,953
2,701
2,958
2,473
2,777
1,854

4,486
6,798
6,435
3,938
3,968
6,043
6,628
6,167
6,460
5,490

4,925
7,490
6,021
4,371
4,256
6,553
7,015
6,806
7,144
5,627

143
22
84
154
155
60
36
47
34
108

Cook
Crawford

Washington
Wayne..
Webster
Wheeler
White
Whitfield
Wilcox
Wilkes
Wilkinson
Worth

39
43
4
10
17
175
15
24
20
31

114
126
14
25
50
490
43
68
62
97

9.41
125
10.70
139
11 -18.70
24 -4.73
11.04
55
537
9.45
38 -10.91
9.29
74
12.83
70
93 -4.06

2,239
2,395
1,765
2,068
2,269
3,290
2,165
2,354
2,142
2,108

6,064
6,153
5,855
4,953
5,056
7,460
5,635
6,328
5,981
5,444

6,624
6,684
4,697
4,670
5,452
8,139
4,949
6,728
6,744
5,147

55
52
148
149
117
11
141
51
50
133

Favette
Ford
Franklin
Fulton
Gallatin
Greene
TT -ij:

Hawaii
SMSA counties
Non-SMSA counties
Hawaii
Honolulu
Kauai
Maui and Kalawao

3,114
2,633
481
217
2,633
104
161

8,643
7,110
1,533
683
7,110
292
559

9,761
8,022
1,738
775
8,022
332
631

12.93
12.83
13.37
13.50
12.83
13.78
12.98

4,191
4,363
3,449
3,440
4,363
3,448
3,462

9,098 10,091
9,437 10,492
7,798 8,579
7,666 8,400
9,437 10,492
7,673 8,472
8,034 8,871

4
1
3
2

Idaho
SMSA counties
Non-SMSA counties ...
Ada
Adams
Bannock
Bear Lake
Benewah
Bingham
Blaine

2,176
411
1,766
411
10
152
16
17
78
19

6,936
1,508
5,429
1,508
26
497
45
59
222
88

7,735
1,680
6,055
1,680
27
548
54
65
249
97

11.52
11.47
11.53
11.47
2.20
10.34
20.92
10.35
12.17
10.30

3,078
3,724
2,959
3,724
3,353
2,956
2,810
2,825
2,694
3,383

7,437
8,932
7,107
8,932
7,760
7,655
6,542
7,497
6,107
8,826

8,176
9,689
7,836
9,689
7,965
8,356
7,806
7,809
6,813
9,795

4
17
13
20
19
39
3

5
37
170
15
9
3
180
22
53
3

19
150
502
47
22
7
587
62
154
8

21
168
562
50
25
9
632
75
173
9

11.80
11.97
11.86
6.51
15.51
25.82
7.76
21.14
12.38
16.44

2,632 6,698 7,117
2,399 6,402 6,941
3,273 7,657 8,499
2,826 6,562 6,819
3,052 6,675 7,589
4,424 9,600 10,561
2,955 6,971 7,534
3,338 7,230 8,652
3,143 7,916 8,881
4,391 10,252 11,669

34
36
12
38
21
2
23
10
8
1

34
7
55
18
24
24
21
37
31
28

72
20
144
52
61
76
72
101
83
106

79
25
156
60
68
82
84
109
98
119

8.88
24.26
8.78
17.10
11.38
7.52
16.06
8.65
17.10
12.41

3,201
2,468
3,057
2,446
2,715
2,608
2,436
2,904
2,685
2,708

7,107
6,268
6,447
5,797
5,511
6,496
6,165
7,074
5,470
7,105

7,569
7,368
7,233
6,785
6,262
6,839
7,049
7,396
6,361
7,991

22
29
32
40
42
37
35
28
41
16

107
69
14
16
8
25
47
103
9
17

432
200
49
36
24
89
131
286
21
40

482
227
56
39
29
106
148
314
23
49

11.55
13.22
14.76
9.66
21.07
19.53
13.44
9.74
11.78
23.90

3,056
2,840
2,484
4,128
2,630
1,900
2,969
3,395
3,266
2,619

7,359
7,084
6,712
8,278
6,982
4,600
6,585
8,782
6,384
4,739

8,047
7,866
7,508
9,548
8,330
5,444
7,501
9,428
7,188
5,928

15
18
25
5
14
44
26
6
33
43

33
16
62
6
133
13
21

110
45
158
18
402
45
61

118
50
179
22
452
49
65

7.00
11.14
13.08
23.40
12.51
8.94
6.07

2,639
3,228
3,166
2,352
3,183
3,608
2,688

7,124
6,767
8,290
6,367
7,841
8,168
6,945

7,480
7,357
9,281
7,511
8,528
8,664
7,366

27
31
7
24
11
9
30

47,320
40,547
6,773
246
28
41
103
15

110,990
93,347
17,643
614
63
113
256
41

119,954
101,942
18,012
659
67
116
260
38

8.08
9.21
2.09
7.36
6.94
2.88
1.69
848

Boise
Bonner
Bonneville
Boundary
Butte
Camas
Canyon
Caribou
Cassia
Clark
Clearwater
Custer
Elmore
Franklin
Fremont
Gem
Gooding
Idaho
Jefferson
Jerome
Kootenai
Latah
Lemhi
Lewis
Lincoln
Madison
Minidoka
Nez Perce
Oneida
Owyhee

..

,

Payette
Power
Shoshone
Teton
Twin Falls
Valley
Washington
Illinois
SMSA counties
Non-SMSA counties
Adams .
Alexander
Bond
Boone
Brown

See footnotes at end of table.




4,287 9,717 10,479
4,514 10,087 10,996
3,293 8,136 8,276
3,473 8,610 9,178
2,216 5,107 5,458
2,905 6,935 7,121
4,103 8,754 9,070
2,721 7,415 6,920

DeKalb
De Witt
Douglas
Du Page
Edgar
Edwards

TT
TT

U
j.

TT

Iroquois
T
I ff
Jersey
Jo Daviess
TT

23
99
79
29
83

Kendall
Lake
La Salle
Lee
Livingston

M Do ouffh
M cijean
T
M
it/I jM
Marshall
Mason
Massac

Mercer
jy. on , ogomery
M It '
Ogle
Peoria
Perry
Piatt
Pike

Pope
Pulaski
T? H 1 h
Richland

St. Clair
Saline
Sangamon
Schuvler
Scott
Shelby
Stark
Tazewell
Union
Vermilion
Wabash
Warren
Washington
Wayne
White

Dollars

Rank
in
state

change

1969

1980

Per capita personal income

Per-

Millions of dollars

1979

1980

197980

1969

1979

1980
1980

8,802
6,996
7,537
8,816
7,778
8,837
8,197
6,666
7,536
7,384

140
15
69
51
556
132
54
39
84
148

339
41
144
128
1,307
322
136
103
242
390

326
41
138
129
1,396
325
130
107
257
390

-3.78
54
-3.79
.93
6.79
.92
-4.58
3.66
6.15
.08

3,635
2,543
3,589
3,583
3,459
3,649
3,344
2,591
2,988
3,110

8,325
6,888
7,353
8,551
8,269
8,905
7,641
6,993
7,865
7,349

55
86
77
49
59
34
71
80
69
78

25,834
63
26
242
60
67
2,482
77
19
68

54,695
181
71
592
155
182
7,494
195
66
244

59,926
183
64
615
150
177
8,224
184
70
248

9.57
.95
-9.16
3.90
2 96
-2.63
9.75
-5.58
5.22
1.66

4,720 10,345 11,378
3,152 8,614 8,753
2,644 6,480 5,803
3,467 7,999 8,227
3,533 8,553 8,274
3,534 9,199 8,945
5,254 11,773 12,466
3,555 8,946 8,447
2,673 8,426 8,723
2,787 8,017 8,000

4
38
97
60
58
32
1
52
41
65

53
66
106
135
20
52
107
20
72
10

143
160
332
356
52
109
301
58
190
26

145
153
365
377
52
102
306
58
180
27

1.38
-4.56
10.02
5.87
29
-6.72
1.81
.29
-5.30
6.00

2,542 6,478
4,012 10,484
2,752 7,771
3,204 8,177
2,712 6,694
3,059 6,479
4,105 9,878
2,316 6,159
3,029 7,968
2,009 4,626

28
192
123
142
28
86
57
60
15
1,035

73
509
310
414
91
275
148
153
48
2,778

358
118
215
1,905
424
53
132
151
119
96

868
337
522
4,855
997
142
317
389
284
251

477
379
484
139
971
120
49
59
34
38

6,515
9,978
8,428
8,617
6,875
6,085
9,990
6,298
7,515
5,013

92
11
53
45
88
96
10
95
74
101

63 -14.00
jj
508
290 -6.38
455
9.88
78 -13.68
294
7.16
156
5.16
157
2.46
51
6.49
3,020
8.72

3,349 8,061 6,870
3,626 8,754 8,751
3,665 9,294 8,780
2,663 6,769 7,378
2,598 8,008 6,889
2,735 7,658 8,080
3,079 7,240 7,560
2,731 6,529 6,665
2,053 4,861 5,328
4,193 10,029 10,824

89
39
37
76
85
64
72
91
100
6

919
365
531
5,323
1,025
148
313
380
285
255

5.85
8.21
1.82
9.63
2.79
4.42
-1.35
-2.24
.22
1.46

3,690 8,326 8,905
4,659 9,212 9,781
3,504 8,455 8,605
5,088 11,017 12,059
3,796 9,164 9,369
3,000 7,959 8,290
3,461 8,680 8,590
3,701 9,366 9,168
3,524 8,987 8,940
2,659 6,747 6,826

35
13
46
2
18
57
47
24
33
90

1,399
1,035
1,165
410
2,214
342
115
162
99
107

1,528
1,101
1,268
428
2,373
367
115
159
103
102

9.21
6.37
8.80
4.34
7.16
7.37
.64
-1.33
4.41
-4.23

4,377
3,699
3,879
3,126
3,899
3,066
3,694
3,650
2,430
3,962

9,742 10,316
8,756 9,216
8,805 9,629
8,463 8,653
8,807 9,559
7,760 8,408
8,255 7,958
8,272 8,159
6,516 6,885
9,492 8,734

8
21
14
43
15
54
67
61
87
40

55
65
97
133
48
156
787
62
64
60

141
180
282
334
129
370
2,050
186
160
136

134
191
294
348
127
376
2,298
199
151
122

5 04
6.40
4.30
4.43
-1.50
1.68
12.10
6.65
-6.11
9 86

3,159 7,205 6,928
3,546 9,069 9,488
3,188 8,854 9,252
3,653 8,937 9,270
3,610 8,810 8,687
3,669 7,991 8,092
4,031 10,232 11,438
3,117 8,581 9,124
4,149 9,753 9,066
3,106 7,168 6,453

82
17
20
19
42
63
3
27
30
94

7
18
18
91
47
651
931
72
659
25

19
48
44
252
135
1,638
2,158
207
1,638
59

19
51
42
266
144
1,807
2,336
228
1,758
54

04
5.51
3 52
5.83
6.61
10.30
8.25
10.01
7.33
-7.55

1,788
2,040
3,580
2,916
2,764
3,932
3,279
2,773
4,109
2,998

4,267 4,405
5,142 5,710
7,205 6,893
7,146 7,469
7,504 8,157
9,852 10,860
7,944 8,780
7,558 8,318
9,294 9,959
7,206 6,484

102
98
84
75
62
5
36
56
12
93

22
75
28
182
458
49
342
39
79
40

55
178
68
432
1,253
125
846
119
195
124

53
167
63
456
1,402
134
874
126
188
124

-4.27
6 15
-8.39
5.53
11.90
7.20
3.27
5.78
-3.80
.25

3,523
3,295
3,745
3,735
3,911
3,035
3,522
3,041
3,645
2,910

8,971 8,581
7,550 6,983
9,379 8,460
8,763 9,189
9,601 10,592
7,394 7,918
8,732 9,158
8,821 9,157
8,887 8,538
8,183 7,988

48
81
51
22
7
68
25
26
50
66

46
54

136
143

136
154

18
7.82

2,685
3,059

7,471
8,128

73
44

7,519
8,621

SURVEY OF CURRENT BUSINESS

April

57

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years1 —Continued
Total personal income
Area title

1969

1979

1980

197980

230
1,002
142
991
104

595
2,871
401
2,342
291

597
3,108
443
2,532
304

.26
8.24
10.65
8.09
4.19

18,758
13,641
5,117
88
1,087
221
43
51
112
25

45,866
33,403
12,463
247
2,678
587
105
115
323
70

49,112
35,944
13,168
250
2,760
617
108
121
351
77

7.08
7.61
5.66
1.22
3.07
4.97
2.33
4.72
8.64
9.68

Carroll
Cass...
Clark.
Clay...
Clinton.
Crawford
Daviess
Dearborn .
Decatur.
De Kalb.

62
148
268
76
111
21
85
95
72
109

166
351
668
194
273
51
184
236
188
272

165
366
735
210
283
56
192
258
200
276

Delaware .
Dubois
Elkhart.
Fayette .
Floyd.
Fountain
Franklin
Fulton.
Gibson
Grant

430
101
516
88
194
63
46
57
99
287

952
264
1,211
214
470
144
113
145
269
654

Greene
Hamilton
Hancock
Harrison
Hendricks
Henry
Howard
Huntington
Jackson
Jasper

78
212
131
60
198
183
326
125
115
72
75
80
48
204
126
175
61
2,062
381
127

Whiteside.
Will ...
Williamson
Winnebago .
Woodford....
Indiana
SMSA counties
Non-SMSA counties
Adams
Allen.
Bartholomew
Benton
Blackford
Boone
Brown

Jay
Jefferson
Jennings
Johnson
Knox
Kosciusko
Lagrange
Lake
La Porte
Lawrence

Dollars

1969

1979

1969

8,981 9,023
8,984 9,557
7,063 7,825
9,455 10,067
9,134 9,091

31
16
70
9
28

3,647 8,377 8,924
3,773 8,738 9,358
3,351 7,543 7,923
3,305 8,321 8,411
3,952 9,103 9,356
3,939 9,163 9,451
3,806 10,070 10,501
3,254 7,401 7,750
3,676 9,032 9,599
2,783 5,841 6,222

33
14
12
1
63
9
84

-.31
4.28
10.07
8.17
3.59
10.15
4.65
9.51
6.57
1.65

3,494
3,646
3,586
3,151
3,625
2,573
3,187
3,238
3,189
3,549

8,427
8,610
7,533
7,845
8,750
5,307
6,760
7,000
7,826
8,215

8,356
8,928
8,254
8,418
8,954
5,727
6,887
7,507
8,390
8,208

39
20
45
32
18
92
76
68
35
48

1,027
284
1,233
228
514
150
120
152
289
676

7.84
7.46
1.84
6.63
9.20
4.11
6.86
4.73
7.23
3.30

3,370
3,299
4,139
3,393
3,512
3,420
2,738
3,358
3,247
3,444

7,405
7,829
8,861
7,668
7,771
7,322
5,876
7,528
8,149
8,054

7,968
8,278
8,961
8,056
8,375
7,842
6,130
7,840
8,694
8,328

55
42
17
53
37
56
87
57
26
40

189
791
390
174
599
418
831
302
285
200

204
865
423
189
656
442
869
316
307
212

8.08
9.44
8.46
8.49
9.49
5.62
4.56
4.53
7.55
5.89

2,900
3,998
3,828
2,958
3,766
3,497
3,974
3,579
3,489
3,551

6,207 6,703
9,802 10,482
9,031 9,602
6,490 6,923
8,815 9,380
7,795 8,259
9,522 9,980
8,429 8,850
7,925 8,382
7,849 8,081

77
2
8
75
13
44
4
22
36
52

175
200
131
615
314
458
155
4,922
911
309

182
214
134
679
348
486
158
5,232
985
333

3.62
7.06
2.36
10.36
10.97
5.98
2.10
6.28
8.06
7.63

3,211
2,991
2,496
3,489
3,026
3,698
2,963
3,793
3,652
3,340

7,420
6,603
5,728
8,181
7,553
7,814
6,046
9,277
8,351
7,323

60
73
89
25
41
50
86
5
16
59

7,807
7,018
5,843
8,772
8,308
8,139
6,162
9,980
9,046
7,824

494
3,321
118
33
134
225
116
147
43
107

1,137
7,329
313
69
285
593
288
410
104
266

1,207
8,032
329
73
298
656
307
444
109
278

6.19
9.59
5.32
5.52
4.60
10.63
6.50
8.43
5.01
4.53

3,599
4,241
3,395
3,021
3,428
2,748
3,443
3,400
3,704
3,430

8,169 8,644
9,538 10,470
8,120 8,395
6,142 6,583
7,100 7,476
6,102 6,647
8,093 8,628
7,998 8,521
7,266 7,342
7,522 7,826

27
3
34
80
70
78
28
30
72
58

Ohio
Orange
Owen
Parke
Perry
Pike
Porter
Posey
Pulaski
Putnam

13
46
34
44
51
39
337
72
41
84

29
107
84
108
119
114
1,096
200
111
206

32
116
91
115
125
121
1,195
213
118
219

8.67
7.95
8.40
6.11
5.45
6.21
9.08
6.45
6.14
6.44

2,925
2,689
2,804
3,036
2,716
3,149
4,013
3,344
3,266
3,123

5,617
5,837
5,273
6,684
6,110
8,515
9,438
7,771
8,498
7,171

6,222
6,178
5,733
7,002
6,457
8,938
9,953
8,038
8,897
7,484

83
85
91
74
82
19
6
54
21
69

Randolph
Ripley
Rush
St. Joseph
Scott
Shelby
Spencer
Starke
Steuben
Sullivan

103
70
66
921
49
133
45
55
65
62

230
171
151
2,053
127
320
139
136
176
161

234
185
159
2,203
135
343
147
145
190
174

1.53
7.77
5.24
7.34
6.83
7.19
5.99
6.38
7.72
8.55

3,578
3,316
3,221
3,766
2,923
3,559
2,657
2,846
3,281
3,094

7,650
6,991
7,671
8,478
6,195
8,010
7,173
6,199
7,079
7,650

7,781
7,552
8,107
9,098
6,610
8,576
7,581
6,573
7,660
8,245

62
67
51
15
79
29
66
81
64
46

Switzerland
Tippecanoe
Tipton
Union
Vanderburgh
Vermillion
Vigo

17
359
59
24
606
49
360

40
919
144
50
1,513
122
867

42
1,008
149
53
1,670
134
951

5.02
9.67
3.60
4.90
10.43
10.15
9.72

2,664
3,341
3,527
3,640
3,590
2,880
3,134

5,743
7,555
8,498
7,242
9,110
6,794
7,827

5,843
8,261
8,828
7,641
9,948
7,344
8,444

88
43
23
65
7
71
31

Madison
Marion
Marshall
Martin
Miami
Monroe
Montgomery
Morgan
Newton
Noble

See footnotes at end of table.




Area title

1980

1979

Wabash
Warren
Warrick
Washington
Wayne
Wells
White
Whitley
Iowa
SMSA counties
Non-SMSA counties
Adair
Adams
Allamakee
Appanoose
Audubon
Benton
Black Hawk
Boone
Bremer
Buchanan
Buena Vista
Butler
Calhoun
Carroll
Cass
Cedar
Cerro Gordo
Cherokee
Chickasaw
Clarke
Clay
Clayton
Clinton
Crawford
Dallas
Davis

Des Moines
Dubuque
Favette
Floyd
Franklin
Fremont

Guthrie
Hancock
TJ .
TT

Howard
Humboldt
Ida
Jackson
Jefferson
onnson
Keokuk
Kossuth
Lee
j
Liucas
o

r^y r!

Mahaska
Marshall
Mills
Mitchell
onona
,., ,
Montgomery
O'Brien
Osceola
Page
Palo Alto
Plymouth
Pocahontas
Polk
Pottawattamie
Poweshiek
Sac

..

Dollars

Percent
change

Millions of dollars

Rank
in
state

1980

1980
3,663
4,105
2,900
4,069
3,745

Per capita personal income

Total personal income

Per capita personal income

Percent
change

Millions of dollars

197980

Rank
in
state

1969

1979

1980
1980

120
29
91
54
287
83
79
81

293
70
332
122
587
228
216
215

300
70
366
127
628
241
227
220

2.38
.45
10.27
4.65
6.96
5.77
5.04
2.19

3,394
3,281
3,300
2,818
3,647
3,521
3,770
3,517

8,081
7,746
8,093
5,639
7,694
8,900
9,239
8,332

8,161
7,803
8,814
5,796
8,241
9,454
9,481
8,371

49
61
24
90
47
11
10
38

10,058
4,107
5,951
30
19
41
42
33
77
457

25,721
10,972
14,750
74
44
102
104
71
197
1,285

27,188
11,947
15,242
71
42
104
111
68
200
1,411

5.70
8.89
3.34
-3.18
-5.23
2.08
7.00
-3.91
1.34
9.87

3,586
3,762
3,473
3,286
3,172
2,724
2,761
3,520
3,432
3,482

8,818 9,310
9,426 10,199
8,415 8,715
7,720 7,485
7,570 7,302
6,646 6,892
6,708 7,169
8,017 7,952
8,335 8,434
9,432 10,206

86
90
97
91
74
58
5

94
75
65
83
54
51
79
58
63
175

237
207
179
190
143
131
201
150
159
433

246
221
181
197
144
134
210
155
155
464

3.75
6.50
1.01
3.46
1.19
2.61
4.61
3.10
-2.09
7.31

3,665
3,377
3,112
3,990
3,259
3,440
3,434
3,370
3,578
3,561

9,012
8,529
7,724
9,213
8,005
9,689
8,798
8,703
8,418
8,926

9,386
8,870
7,892
9,446
8,154
9,887
9,145
9,108
8,314
9,563

26
42
76
24
71
9
31
32
63
16

64
43
24
68
61
213
63
98
24
25

144
122
61
180
161
498
158
248
63
55

145
122
65
188
160
529
162
263
65
60

1.08
.07
7.54
4.07
-.89
6.14
2.14
6.07
3.94
7.46

3,707
2,909
3,195
3,688
2,923
3,771
3,275
3,825
2,845
2,499

8,765
7,886
7,184
9,188
7,449
8,546
8,203
8,535
6,813
5,657

8,939
7,905
7,563
9,561
7,548
9,240
8,515
8,889
7,135
6,072

39
75
82
17
84
29
57
41
93
99

51
199
45
302
48
78
70
46
39
53

141
406
137
829
118
193
162
112
81
130

134
438
144
892
125
195
162
108
82
132

-5.01
8.02
4.83
7.62
5.19
1.33
-.07
-3.10
1.14
1.99

2,722 7,525 7,047
4,211 8,850 9,465
3,509 8,731 9,188
3,356 8,872 9,494
3,460 8,765 9,322
2,841 7,646 7,635
3,522 8,265 8,252
3,516 8,552 8,279
4,212 8,338 8,670
4,186 10,575 10,878

94
23
30
21
27
80
67
65
53
2

53
40
71
47
85
58
64
30
46
38

135
91
169
127
198
133
152
83
120
79

139
94
172
122
207
134
158
83
121
78

3.33
2.62
1.93
-4.42
4.56
1.17
3.67
-.12
.80
-2.37

3,791
3,236
3,835
3,546
3,858
3,583
3,530
2,603
3,667
4,088

9,341
7,696
9,394
9,256
9,010
7,987
8,045
7,456
9,741
8,784

9,663
7,806
9,628
8,785
9,504
8,206
8,332
7,448
9,848
8,688

14
78
15
46
20
69
62
87
11
50

57
65
130
53
215
63
49
81
143
648

133
161
314
130
656
152
113
201
361
1,662

135
165
332
136
711
151
108
193
385
1,814

1.35
2.47
5.63
4.00
8.49
-.86
-3.76
-3.91
6.66
9.12

3,658
3,115
3,687
3,417
3,161
3,233
3,443
3,484
3,329
4,009

8,483 8,744
7,173 7,305
8,536 9,086
8,018 8,291
8,054 8,684
7,459 7,366
8,583 8,369
9,164 8,808
8,315 8,900
9,900 10,659

47
89
36
64
52
88
60
45
40
3

38
29
45
38
72
90
165
44
43
44
25
49
139
65
30
66
48
82
47
1,165

87
80
114
94
189
255
393
107
99
101
71
126
372
156
76
167
117
202
112
3,134

90
85
113
95
194
271
423
112
97
100
76
130
408
161
76
174
119
201
111
3,425

4.22
7.14
-1.04
2.00
3.02
6.32
7.88
4.62
-1.98
-.92
6.64
3.93
9.82
3.64
-.46
4.40
1.42
-.37
-.89
9.29

3,504 7,174 7,489
2,758 7,652 8,271
3,508 8,865 8,714
3,258 7,270 7,561
3,278 8,197 8,617
3,412 8,725 9,106
4,102 9,422 10,143
3,866 7,882 8,366
3,234 8,041 7,886
3,643 8,257 8,519
2,649 7,394 8,214
3,837 9,337 9,703
3,786 9,176 10,069
3,647 9,127 9,478
3,624 9,020 9,073
3,587 8,609 9,107
3,554 9,050 9,312
3,381 8,090 8,116
3,670 9,602 9,766
4,086 10,364 11,268

85
66
48
83
54
34
6
61
77
56
68
13
7
22
37
33
28
73
12
1

297
65
19
61

715
178
44
135

764
182
44
135

6.92
2.33
.96
.18

3,441
3,501
2,955
3,865

44
25
92
18

8,265
9,351
7,156
9,403

8,812
9,426
7,169
9,538

58

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years1 —Continued
Total personal income
Millions of dollars
Area title

Dollars

Rank
in
state

change
1969

1979

1980

Total personal income

Per capita personal income
Per-

197980

1969

1979

Millions of dollars
Area title

4
55
81
59
51
98
70
95
35
43

Ottawa
Pawnee
Phillips
Pottawatomie
Pratt
Rawlins
Reno
Republic
Rice
Riley

.74
2.61
6.22
-7.84
2.89
7.23
-4.61
.17

3,615 8,812 8,940
2,752 7,575 7,689
3,752 9,328 9,872
3,811 9,106 8,702
2,765 6,634 6,913
3,600 8,779 9,528
3,402 8,370 8,135
3,887 10,040 10,054

38
79
10
49
96
19
72
8

23,367
12,214
11,154
128
70
144
69
327
139
92

8.01
10.88
5.05
4.92
1.67
1.52
6.41
12.90
7.97
-6.82

3,523 9,216 9,864
3,907 10,063 11,006
3,196 8,476 8,858
2,710 7,754 8,189
2,817 7,955 8,040
2,951 7,688 7,795
3,623 9,848 10,533
3,584 9,246 10,420
2,909 8,248 8,689
3,223 8,337 7,690

Rooks
Rush
Russell
Saline
Scott
Sedgwick
Seward
Shawnee
Sheridan
Sherman

70
75
80
21
23
60
84

390
27
30
148
28
40
73
112
73
30

436
28
33
153
26
39
72
117
80
31

12.02
3.36
7.91
3.44
-6.78
171
-1.03
4.46
8.50
2.44

3,408 8,996 9,722
3,721 8,095 8,352
2,455 6,036 6,543
2,699 6,675 6,840
3,302 7,394 7,072
3,703 15,336 15,050
2,991 7,402 7,324
3,135 9,003 9,361
2,802 8,221 8,479
4,789 12,108 12,103

34
66
103
100
97
3
90
40
65
12

111
108
18
61
27
158
17
10
63
21

287
281
51
152
70
468
41
27
195
61

323
306
50
165
63
506
40
28
218
64

12.43
8.98
-.46
8.38
8.89
8.28
-2.10
3.99
11.63
5.04

3,162 8,130 8,745
2,846 7,408 8,048
3,468 11,218 11,139
3,037 7,270 8,138
2,975 7,681 6,818
2,780 7,011 7,469
3,601 9,238 9,282
2,543 6,552 7,119
2,568 7,601 8,328
3,352 9,051 9,576

55
74
20
71
101
86
42
95
68
38

Finney
Ford
Franklin
Geary
Gove
Graham
Grant
Gray
Greeley
Greenwood

65
81
57
98
14
13
24
22
9
26

290
262
181
239
38
38
73
63
40
(3)

299
3.13
281
7.16
191
5.40
261
9.21
34 -11.15
37 -1.83
71 -3.17
54
13.96
38 -4.37
(3)
(3)

3,474
3,620
2,864
4,084
3,609
2,810
4,095
4,848
4,907
2,821

12,459
10,930
8,234
7,801
10,319
9,415
10,719
12,321
20,710
(3)

12,516
11,523
8,734
8,718
9,105
9,300
10,114
10,511
20,663
(3)

9
15
56
57
47
41
28
22
1
(3)

Hamilton
Harper
Harvey
Haskell
Hodgeman
Jackson
Jefferson
Jewell
Johnson
Kearny

10
29
89
20
12
29
35
20
1,132
12

31
72
257
73
31
82
114
44
3,396
36

30
3.58
75
5.32
8.18
278
52
28.40
30 -2.98
84
1.73
114
-.25
39 -10.88
3,753
10.51
34
623

3,541
3,606
3,274
5,495
4,315
2,834
2,915
3,205
5,260
3,868

12,157
9,329
8,447
18,358
13,458
7,135
7,628
8,246
12,856
10,626

11,894
9,670
9,084
13,682
13,125
7,161
7,465
7,393
13,854
9,828

14
36
48
5
7
94
87
89
4
33

29
16
80
12
145
15
19
13
85
85

77
41
175
36
419
35
68
30
268
232

83
41
188
33
452
35
66
30
310
249

7.47
-1.19
7.09
-7.41
7.84
2.07
-2.17
1.69
15.80
7.09

3,209 8,639 9,201
3,988 10,227 10,110
3,084 6,886 7,293
4,419 13,521 13,343
2,726 7,714 8,222
3,210 8,095 8,525
2,382 8,215 8,050
3,372 8,205 8,667
2,674 7,732 8,812
3,438 8,740 9,237

45
29
91
6
69
63
73
61
53
44

36
41
21
53
28
124
19
12
30
56

96
108
67
166
79
339
43
38
79
151

104
102
62
173
81
377
46
36
75
161

7.99
-5.62

2,564 7,012 7,662
3,061 8,330 8,029
4,315 14,061 12,862
2,758 7,757 7,998
3,511 9,688 10,011
3,083 8,098 8,900
2,842 6,708 7,215
3,233 11,171 10,349
2,482 7,005 6,710
2,976 7,872 8,486

85
76
8
78
32
51
92
25
102
64

18
20
37
24

37
53
116
57

41
56
119
57

10.03
5.63
2.88
.69

8,332
7,806
7,685
9,403

49
67
81
37

558
53
90
195
69
25
41
24
146
94

1,506
129
229
570
167
56
106
60
333
287

1,658
130
234
611
170
56
113
61
367
309

10.04
.78
2.11
7.21
2.03
.29
6.62
1.31
10.26
7.37

Washington
Wayne
Webster
Winnebago
Winneshiek
Woodbury
Worth
Wright

68
23
181
50
57
371
30
68

179
62
428
123
147
899
78
164

180
63
455
113
152
963
74
164

7,878
4,016
3,861
41
24
57
26
110
45
38

21,633
11,015
10,618
122
69
142
65
290
129
99

132
13
12
58
14
11
30
42
21
13

Cowley
Crawford
Decatur
Dickinson
Doniphan
Douglas
Edwards
Elk
Ellis
Ellsworth

Kansas
SMSA counties
Non-SMSA counties
Allen
Anderson
Atchison
Barber
Barton
Bourbon
Brown
Butler
Chase
Chautauqua
Cherokee
Cheyenne
Clark
Clay
Cloud
Coffey
Comanche

..

..

Kingman
Kiowa
Labette
Lane
Leavenworth
Lincoln
Linn
Logan
Lyon
McPherson
Marion
Marshall

'...

Miami
Mitchell
Montgomery
Morris
N
N

aha
Vi

Ness
Norton
Osage

. .

See footnotes at end of table.




7 4^

4.33
3.54
11.26
8.32
-5.28
-3.97
6.96

1980

1979

197980

1980

9,437 10,334
8,708 8,596
7,505 7,582
7,982 8,433
8,377 8,685
6,759 6,745
7,557 8,169
7,028 7,009
8,182 9,099
8,391 8,827

Scott
Shelby
Sioux
Story
Tama
Taylor
Union
Van Buren
Wapello
Warren

3,987
3,480
3,272
3,183
3,429
2,830
3,051
2,777
3,449
3,578

3,785
2,770
2,782
3,676

9,058
8,331
7,775
9,587

Smith
Stafford
Stanton
Sumner
Thomas
Trego
Wallace
Wichita
Wilson
Woodson
Wyandotte
Kentucky
SMSA counties
Non-SMSA counties
Adair
Allen
Anderson
Ballard
Barren
Bath
Bell
Boone
Boyd
Boyle
Bracken
Breathitt
Breckinridge
Bullitt
Butler
Caldwell
Campbell
Carlisle
Carroll
Carter
Casey
Clark
Clay
Clinton
Cumberland
Daviess
Edmonson
Elliott
Estill
Fayette
Fleming
Floyd
Fulton
Gallatin
Grant
Grayson
Green
Hancock
Hardin
Harlan
Harrison .
Hart
Henderson
Henry
Hickman
Hopkins
Jackson

Rank
in
state

Dollars

change
1969

1980

Per capita personal income
Per1969

1979

1980
1980

2,867 8,256 8,716
3,565 8,666 8,964
3,248 8,043 8,711
2,858 7,336 7,444
3,511 11,181 11,440
3,134 7,321 6,860
3,499 8,615 9,239
3,102 8,135 7,206
3,231 9,107 9,713
3,671 6,493 7,104

58
50
59
88
16
99
43
93
35
96

3,289
3,291
3,508
3,178
3,400
3,799
3,269
3,673
2,846
3,565

8,540
9,397
10,317
8,964
13,014
9,941
10,950
9,276
12,310
7,970

9,195
10,258
11,237
10019
12,315
11,149
12,001
10,079
10,152
7,697

46
26
17
31
11
19
13
30
27
83

2,903
3,660
3,787
3,758
3,262
3,433
3,009
3,158
3,475
3,163

8,530 8,015
11,170 11,171
14,078 10,357
14,837 12,495
7,076 8,081
8,870 8,861
8,772 8,751
8,046 7,751
10,810 8,651
6,674 6,342

77
18
24
10
72
52
54
82
62
104

11 13
1.61
4.03
8.77

4,889 20,500 19,486
2,884 7,010 7,005
2,763 7,553 7,932
3,337 8,616 9,389

2
98
79
39

28,118
14,832
13,286
77
89
98
61
231
58
226

8.65
9.37
7.86
11.61
7.27
12.30
1.07
8.34
10.10
11.09

2,878
3,526
2,312
1,935
2,106
3,122
2,466
2,387
2,224
1,923

7,103
8,328
6,113
4,535
6,038
7,348
6,981
6,297
5,309
5,934

7,662
9,084
6,522
5,017
6,309
7,791
6,966
6,769
5,805
6,555

97
67
19
43
53
81
59

352
171
492
174
42
72
96
252
59
98

385
204
527
194
46
89
98
277
59
103

9.23
19.79
7.04
11.52
10.17
24.34
2.63
9.82
-1.27
5.86

3,257
3,240
3,214
2,969
2,351
1,270
2,236
2,615
1,768
2,598

7,872 8,376
9,012 10,508
8,854 9,474
7,024 7,738
5,406 5,948
4,198 5,228
5,710 5,818
5,911 6,375
5,310 5,292
7,232 7,662

14
1
6
21
75
92
80
65
90
23

60
299
11
23
39
20
159
77
23
11

191
691
37
64
111
59
442
220
107
34

204
751
36
68
119
64
458
231
118
37

6.64
8.73
-2.17
7.31
6.89
7.63
3.65
4.97
10.42
8.73

2,218
3,385
2,069
2,718
1,963
1,548
2,830
3,247
1,217
1,369

6,425
8,255
6,635
6,735
4,516
3,994
6,551
7,756
4,745
3,657

6,770
8,994
6,604
7,364
4,729
4,305
6,829
8,144
5,181
3,962

52
9
56
28
105
115
49
16
93
118

19
11
249
15
8
25
615
28
67
115

63
35
694
42
29
79
1,752
63
280
364

66
36
759
45
32
86
1,954
68
309
399

4.62
3.44
9.36
6.53
8.01
9.30
11.48
8.45
10.32
9.68

2,203
1,638
3,169
1,682
1,261
1,987
3,630
2,516
1,842
3,375

6,871
4,695
8,114
4,286
4,294
5,421
8,627
5,273
5,776
8,759

7,188
4,928
8,807
4,520
4,590
5,936
9,547
5,539
6,313
9,523

35
102
12
110
109
76
4
84
66
5

23
9
29
27
83
34
27
84
18
281

65
25
68
83
245
108
61
263
54
548

64
29
75
93
247
115
65
286
59
586

-1.82
16.29
10.83
12.87
.93
6.92
6.81
8.94
9.26
6.93

2,231
2,276
3,069
2,686
2,691
2,051
2,543
2,563
2,583
3,640

7,354
5,282
6,159
6,634
7,239
5,288
5,534
6,812
7,259
6,419

7,070
6,038
6,881
6,996
7,246
5,516
5,865
7,302
7,661
6,571

41
72
45
42
32
85
78
30
24
58

74
44
28
112
31
13
115
14

265
104
77
334
85
40
405
45

286
114
83
363
92
36
432
50

8.11
9.66
8.67
8.48
8.44
-9.82
6.48
10.79

1,912
3,100
2,019
3,135
2,823
2,088
3,021
1,418

6,272
6,847
5,163
8,351
6,727
6,510
8,731
3,833

6,822
7,519
5,408
8,857
7,180
5,860
9,325
4,181

50
25
88
10
36
79
7
116

18
31
26
34
36
14
212
27
40
189

51
73
63
107
114
29
552
62
110
407

52
3.03
72
-.05
65
3.46
110
3.21
2.97
118
28 -1.86
8.97
602
55 -12.35
116
5.19
11.00
452

25
17
34
147
19
1,333
51
566
11
28

60
44
91
440
76
3,619
190
1,422
45
63

7.94
65
6.63
46
100
10.30
11.63
491
71 -5.76
4,098
13.24
205
8.08
1,565
10.03
36 -19.19
60
5 31

20
22
9
16
77
25
13
20
8
30

51
63
34
68
174
74
36
54
22
59

48 -6.25
62 -1.29
24 -28.44
59 -12.20
202
16.10
75
1.11
37
1.00
53 -1.79
18 -20.24
54 -7.61

16
33
13
624

67
84
35
1,491

59
85
37
1,622

9,204
5,257
3,947
25
26
29
20
68
21
60

25,880
13,562
12,318
69
83
87
61
213
53
203

103
'60
168
63
17
18
33
65
17
34

April

SURVEY OF CURRENT BUSINESS

59

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years 1—Continued
Total personal income
Millions of dollars
Area title
1969

Jefferson .
Jessamine
Johnson
Kenton
Knott
Knox
Larue
Laurel
Lawrence ....
Lee

1979

Per capita personal income

1980

197980

1969

1979

Millions of dollars
1969

1980

6,149
161
147
1,100
88
137
70
203
74
31

6,700
181
162
1,206
95
150
75
226
81
35

8.97
12.93
10.35
9.66
7.67
9.69
7.22
11.03
9.61
10.47

3,815
2,618
1,979
3,499
1,245
1,489
2,550
1,827
1,745
1,525

8,884
5,998
6,103
8,145
4,972
4,532
6,015
5,385
5,352
3,975

9,762
6,794
6,611
8,777
5,265
4,953
6,235
5,774
5,747
4,455

3
51
55
13
91
101
69
82
83
112

Jackson
Jefferson

Leslie
Letcher
Lewis
Lincoln
Livingston
Logan
Lyon
McCracken
McCreary
McLean

14
47
25
35
20
53
12
185
13
22

67
176
63
96
67
168
40
507
56
72

71
189
68
103
67
166
42
544
63
70

5.95
7.54
8.37
7.63
.45
-1.48
5.40
7.38
13.26
-3.56

1,210
1,976
2,019
2,110
2,621
2,462
2,060
3,174
1,028
2,439

4,505
5,722
4,399
4,995
7,068
7,068
6,200
8,279
3,619
7,086

4,763
6,150
4,696
5,393
7,231
6,852
6,405
8,854
4,038
6,899

104
71
106
89
33
48
64
11
117
44

Natchitoches
Orleans

Madison
Magoffin
Marion
Marshall. ..
Martin
Mason
Meade
Menifee
Mercer
Metcalfe

105
11
36
52
13
52
42
6
46
14

306
58
88
172
90
125
106
19
127
40

335
67
93
184
99
132
114
20
138
42

9.71
16.38
5.99
7.03
10.56
5.74
7.40
4.87
8.92
5.75

2,511
1,089
2,178
2,622
1,369
2,986
2,251
1,560
2,886
1,752

5,859
4,357
4,850
6,873
6,511
6,945
4,806
3,859
6,770
4,413

6,269
4,964
5,181
7,147
7,091
7,436
4,960
3,916
7,247
4,453

68
99
94
37
39
27
100
119
31
113

St Charles
St Helena

Monroe.
Montgomery
Morgan
Muhlenberg
Nelson
Nicholas
Ohio
Oldham
Owen . ..
Owsley

20
41
14
75
59
17
42
43
19
6

59
121
51
252
173
43
152
111
46
20

64
133
56
267
190
47
157
199
53
22

7.91
9.86
9.39
5.84
10.00
9.41
3.79
12.87
14.08
10.34

1,752
2,723
1,381
2,707
2,530
2,563
2,224
2,936
2,485
1,103

4,702
6,212
4,277
7,842
6,392
5,805
6,854
6,711
5,191
3,517

5,154
6,601
4,594
8,254
6,879
6,485
7,219
7,074
5,878
3,858

96
57
108
15
46
60
34
40
77
120

Terrebonne

Pendleton
Perry
Pike
Powell
Pulaski
Robertson
Rockcastle
Rowan
Russell
Scott

26
48
115
14
78
6
20
31
21
52

65
207
536
51
268
11
57
94
61
152

73
219
605
55
285
12
62
104
66
170

11.91
5.87
12.88
9.46
6.52
7.61
8.65
10.44
7.92
11.68

2,580
1,783
1,857
1,824
2,223
2,681
1,623
1,894
2,027
2,926

6,016
6,106
6,675
4,676
5,776
4,766
4,062
4,819
4,482
7,055

6,614
6,471
7,439
4,986
6,209
5,172
4,415
5,445
4,771
7,774

54
61
26
98
70
95
114
86
103
20

Maine
SMSA counties

Shelby
Simpson
Spencer
Taylor
Todd

59
37
15
47
22
20
12
43
148
25

162
113
39
125
73
65
32
136
487
59

181
117
41
137
72
67
34
144
526
65

11.26
3.29
5.63
9.38
-2.21
3.81
5.52
5.90
8.17
9.28

3,134
2,896
2,694
2,782
2,061
2,282
2,327
2,761
2,629
2,338

7,100
7,608
6,340
5,989
5,999
6,778
5,190
7,553
6,876
5,507

7,725
7,968
6,854
6,459
6,029
7,130
5,426
8,042
7,311
5,998

22
18
47
62
73
38
87
17
29
74

20
33
51
7
57

74
127
198
27
160

80
134
215
30
180

8.17
5.85
8.29
10.83
12.69

1,364
2,474
2,097
1,304
4,008

4,349 4,666
8,557 9,011
5,987 6,418
4,020 4,471
8,901 10,128

107
8
63
111
2

10,328
7,288
3,040
110
43
85
40
69
49
32

30,962
21,510
9,452
355
106
329
141
191
176
89

35,637
24,880
10,757
398
115
379
168
211
199
100

15.10
15.67
13.80
12.30
8.48
15.27
19.44
10.70
13.02
12.81

2,854
3,250
2,209
2,113
2,084
2,315
2,051
1,818
2,160
1,975

7,480
8,207
6,225
6,402
5,002
6,825
6,463
4,616
6,000
5,464

8,456
9,309
6,976
7,042
5,356
7,559
7,581
5,091
6,677
6,111

27
55
22
21
57
34
44

Bossier
Caddo
Calcasieu
Caldwell
Cameron
Catahoula
Claiborne
Concordia
De Soto
East Baton Rouge

171
762
427
15
21
19
38
53
48
986

521
2,115
1,326
52
74
51
102
145
135
3,145

593
2,414
1,549
59
84
59
115
158
158
3,710

13.89
14.13
16.82
12.13
14.33
14.13
12.67
9.10
17.25
17.95

2,690
3,299
2,956
1,644
2,654
1,653
2,241
2,333
2,105
3,499

6,553 7,333
8,476 9,547
8,134 9,250
5,053 5,456
8,264 8,992
4,239 4,765
5,905 6,689
6,387 6,869
5,334 6,160
8,767 10,107

25
5
10
52
12|
60
33
29
42
2

East Carroll
East Feliciana

24
32
57
40
24
136
72

54
94
169
110
75
510
225

61
109
190
115
84
601
256

12.83
15.22
12.31
4.49
12.50
17.93
14.16

1,853
1,807
1,800
1,669
1,796
2,380
2,360

4,612
5,039
5,112
4,629
4,546
8,034
7,020

5,131
5,697
5,688
4,765
5,010
9,403
7,956

56
46
47
61
58
8
18

Trimble
Union
Warren
Washington
Wayne
Webster
Whitley
Wolfe
Woodford
Louisiana
SMSA counties
Non-SMSA counties
Acadia
Allen
Ascension
Assumption
Avoyelles
Beauregard
Bienville

Franklin
Grant
Iberia
Iberville
See footnotes at end of table.




1979

1980

1980

Lafayette
Lafourche
La Salle
Lincoln
Livingston
Madison
Morehouse

Plaquemines
R id
"
Red River
Richland
St Bernard

St. John the Baptist
St Landrv
St Martin
St Marv
™ ' «"imany
Tensas

Verm Ton
Y

Washington
Webster
West Baton Rouge
West Carroll
West Feliciana
Winn

n roscoggm
p m ue ia j
F ? |.
TT
i '"
KP

h

T£

Oxford
DSCOt

oagaaanoc
Waldo
Washington
York
Maryland
SMSA counties
Non SMSA counties
Anne Arundel
Calvert
Caroline
Carroll
Cecil

..

Charles
Frederick
Garrett
Harford
Howard
Kent
i lonigomery
Q
. °
St. Marys
Talbot
Washington
Wocester
Baltimore —
Independent city
Massachusetts
SMSA counties
Non-SMSA counties
Barnstable
Berkshire
Bristol

197980

Rank
in
state

Dollars

Percent
change

Area title

2,619
45
35
450
19
35
27
50
19
10

. ..

Per capita personal income

Total personal income

Rank
in
state

Dollars

Percent
change

1969

1979

1980
1980

37
1,197
67
302
171
25
78
88
28
69

103
3,989
193
1,366
585
85
243
362
63
204

115
4,585
212
1,647
686
93
279
433
65
226

11.87
14.92
9.78
20.52
17.35
10.33
14.64
19.60
4.06
10.85

2,335
3,673
2,271
2,746
2,512
1,858
2,332
2,437
1,850
2,128

5,985 6,616
8,924 10,057
6,105 6,576
9,350 10,952
7,234 8,301
5,174 5,485
6,200 6,996
6,490 7,360
4,208 4,411
5,886 6,471

35
3
36
1
15
51
28
23
63
37

69
2,136
308
67
43
307
20
43
33
171

203
4,858
922
207
149
811
60
127
101
525

225
5,543
1,025
239
165
928
63
144
111
612

10.69
14.09
11.17
15.62
11.13
14.49
6.27
12.86
9.56
16.51

1,963
3,556
2,694
2,633
1,934
2,606
2,161
1,975
1,792
3,462

5,119
8,725
6,732
7,963
6,183
6,073
5,797
5,733
4,056
8,351

5,626
9,911
7,347
9,148
6,857
6,845
6,054
6,465
4,387
9,523

48
4
24
11
30
31
45
38
64
6

79
15
49
51
151
54
160
170
138
18

284
49
161
213
452
215
536
761
446
48

330
53
187
252
525
250
608
914
510
46

16.19
7.70
15.98
18.58
16.31
16.26
13.54
20.08
14.33
-3.80

2,710
1,552
2,488
2,185
1,877
1,689
2,661
2,780
2,108
1,815

7,745
5,001
7,570
6,842
5,418
5,499
8,335
7,330
5,590
5,657

8,844
5,367
8,683
7,881
6,231
6,193
9,424
8,247
6,302
5,369

13
54
14
19
40
41
7
16
39
53

197
37
97
173
101
119
36
23
18
31

757
119
345
268
262
275
129
55
54
90

884
130
389
298
299
313
150
59
61
97

16.82
9.20
12.80
10.94
13.90
14.01
16.76
6.94
13.60
7.59

2,621
2,012
2,278
3,254
2,400
2,998
2,163
1,720
1,568
1,931

8,124
5,784
7,217
5,214
6,025
6,317
6,834
4,239
4,643
5,244

9,344
6,140
8,006
5,551
6,740
7,167
7,844
4,540
4,979
5,613

9
43
17
50
32
26
20
62
59
49

3,016
1,767
1,249
296
223
689
59
96
305
87

7,902
4,621
3,281
702
547
1,807
166
290
805
241

8,869
5,217
3,652
786
582
2,047
189
326
898
268

12.23
12.90
11.29
11.98
6.29
13.26
13.60
12.30
11.53
11.10

3,040
3,259
2,777
3,257
2,340
3,594
2,660
2,803
3,214
2,987

7,025
7,454
6,498
7,047
5,889
8,412
6,197
6,888
7,402
7,262

7,868
8,383
7,232
7,873
6,355
9,463
6,940
7,789
8,150
8,113

6
15
1
11
7
3
4

66
124
356
43
71
113
64
70
355

190
311
942
106
196
263
164
198
974

216
354
1,047
119
222
295
181
224
1,114

14.07
13.97
11.16
12.55
13.76
12.28
10.01
13.10
14.42

3,262
2,838
2,831
2,648
3,052
2,791
2,729
2,311
3,208

7,323
6,437
6,870
5,991
6,798
5,798
5,748
5,602
6,977

8,404
7,222
7,627
6,724
7,708
6,537
6,344
6,400
7,960

2
10
9
12
8
13
16
14
5

15,548
14,373
1,176
247
1,140
2,682
54
64
230
173

39,827
36,391
3,436
561
3,340
6,593
271
158
797
403

44,281
40,500
3,781
623
3,711
7,376
303
167
892
450

11.18
11.29
10.04
11.08
11.11
11.88
11.98
5.96
11.86
11.63

4,020 9,430 10,477
4,118 9,687 10,789
3,115
7,360 8,000
2,936 6,912 7,712
3,913 9,052 9,985
4,379 10,132 11,225
2,665 8,060 8,737
3,231 6,822 7,213
3,385 8,418 9,231
3,260 6,788 7,431

18
6
3
11
21
8
19

148
89
276
45
416
252
53
2,936
2,538
56
131
46
93
340
188
82

569
222
904
152
1,220
1,230
126
8,081
6,231
177
360
110
254
886
466
238

634
238
1,011
170
1,353
1,386
135
9,082
6,933
188
401
117
284
952
507
259

11.28
7.30
11.85
12.24
10.90
12.66
7.19
12.39
11.28
6.35
11.50
6.57
11.85
7.42
8.80
9.00

3,165 7,998 8,691
3,014 7,137 7,760
3,278 8,063 8,830
2,081 5,799 6,410
3,695 8,378 9,250
4,187 10,584 11,659
3,274 7,468 8,049
5,755 13,890 15,641
3,972 9,361 10,400
3,055 7,008 7,354
2,803 6,142 6,677
2,402 5,757 6,106
3,957 9,921 11,053
3,300 7,805 8,399
3,476 7,250 7,832
3,348 7,635 8,366

12
17
10
23
7
2
15
1
5
20
22
24
4
13
16
14

3,271
23,010
22,377
633
380
571
1,521

6,480
51,660
49,712
1,948
1,336
1,184
3,588

7,109
58,190
55,986
2,204
1,524
1,314
3,952

9.71
12.64
12.62
13.14
14.01
10.94
10.16

3,594
4,073
4,079
3,869
4,013
3,836
3,447

8,022 9,015
8,990 10,118
9,004 10,134
8,646 9,718
9,137 10,276
8,143 9,033
7,578 8,307

9

5
8
13

SURVEY OF CURRENT BUSINESS

60

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years 1—Continued

Percent
change

Area title

1969

1979

1969

1980

24
2,562
212
1,757
402
6,235
17
2,870
1,209
2,861
2,390

72
5,876
491
3,704
970
13,954
49
6,533
3,267
5,398
5,238

81
6,669
543
4,134
1,078
15,837
57
7,394
3,670
6,100
5,838

12.22
13.50
10.60
11.63
11.12
13.49
16.24
13.18
12.31
13.01
11.46

3,884 7,841 9,020
4,041 9,282 10,500
3,587 7,593 8,418
3,849 8,341 9,310
3,279 7,006 7,748
4,495 10,179 11,557
4,610 9,335 11,166
4,785 10,733 12,161
3,685 8,075 9,030
3,897 8,265 9,353
3,769 8,068 9,011

10
4
12
7
14
2
3
1
9
6
11

34,862
30,850
4,012
17
19
197
85
34
30
19

86,359
75,091
11,268
55
54
566
239
112
90
55

92,494
80,239
12,254
61
57
606
257
123
97
59

7.10
6.86
8.75
9.22
7.31
6.96
7.75
10.06
7.82
8.47

3,970
4,137
3,032
2,689
2,284
3,096
2,815
2,977
2,830
2,516

9,337 9,967
9,814 10,449
7,055 7,653
5,795 6,198
5,700 6,210
7,002 7,412
7,395 7,949
6,795 7,569
6,233 6,607
6,323 6,993

77
76
47
36
43
66
60

Barry
Bay
Benzie
Berrien
Branch
Calhoun
Cass
Charlevoix
Cheboygan
Chippewa

116
408
24
614
112
536
144
46
45
80

318
1,004
73
1,388
323
1,276
392
144
135
170

346
1,082
79
1,469
334
1,361
421
157
148
186

8.57
7.76
7.71
5.86
3.14
6.67
7.48
8.80
9.63
9.76

3,355
3,505
2,871
3,752
3,118
3,773
3,576
2,778
2,894
2,469

7,017
8,297
6,583
7,993
7,880
8,966
7,911
7,326
6,631
5,611

7,531
9,008
7,046
8,558
8,281
9,595
8,486
7,878
7,133
6,396

44
16
59
24
33
11
28
38
56
73

Clare
Clinton
Crawford
Delta
Dickinson
Eaton
Emmet
Genesee
Gladwin
Gogebic

42
170
17
97
73
256
58
1,746
34
54

144
452
51
262
217
721
176
4,379
116
128

154
507
58
288
234
777
194
4,622
128
142

6.85
12.32
13.55
10.10
7.93
7.77
10.45
5.56
9.97
11.32

2,789
3,584
2,761
2,731
3,047
3,900
3,276
3,914
2,803
2,665

6,180 6,447
8,035 9,059
5,410 6,082
6,691 7,389
8,430 9,209
8,195 8,774
7,653 8,413
9,708 10,238
5,859 6,403
6,297 7,211

69
15
79
50
13
22
30
5
71
52

134
130
114
83
100
968
132
68
34
111

457
316
306
218
284
2,531
343
187
95
317

511
348
317
245
312
2,727
374
202
105
351

11.70
10.04
3.58
12.17
9.80
7.75
9.30
7.68
10.36
10.74

3,361
3,325
3,136
2,443
3,017
3,745
2,871
3,016
2,480
2,742

8,546
7,838
7,410
5,723
7,723
9,393
6,648
6,494
6,793
5,796

9,285
8,578
7,518
6,447
8,528
9,986
7,210
7,101
7,686
6,474

12
23
45
70
25
6
53
57
41
68

Jackson
Kalamazoo
Kalkaska
Kent
Keweenaw
Lake
Lapeer
Leelanau .
Lenawee
Livingston

552
757
14
1,532
5
13
174
32
295
204

1,269
1,930
64
3,991
12
39
544
102
746
815

1,348
2,116
70
4,334
13
44
574
110
795
892

6.24
9.62
9.00
8.60
11.56
13.67
5.55
7.74
6.66
9.44

3,867
3,863
2,548
3,730
2,492
2,675
3,392
3,142
3,633
3,744

8,359
9,178
5,983
9,108
6,082
4,936
7,881
7,159
8,231
8,430

8,877
9,939
6,366
9,728
6,799
5,711
8,178
7,840
8,822
8,873

19
7
74
9
61
81
34
39
21
20

Luce
Mackinac
Macomb
Manistee
Marquette
Mason
Mecosta
Menominee
Midland
Missaukee

17
26
2,690
59 1
179
61
62
63
263
16

51
69
7,339
158
551
172
174
179
684
54

57
75
7,697
171
585
187
206
194
727
59

11.36
9.80
4.87
8.42
6.14
9.01
18.83
8.04
6.31
9.43

2,403 7,399 8,488
2,655 6,685 7,391
4,333 10,642 11,055
3,006 6,836 7,401
2,851 7,294 7,878
2,745 6,698 7,081
2,348 4,770 5,572
2,673 6,738 7,368
4,239 9,348 9,858
2,391 5,475 5,901

26
49
2
48
37
58
82
51
8
80

Monroe
Montcalm
Montmorency
Muskegon
Newaygo
Oakland
Oceana
Ogemaw
Ontonagon
Osceola

425
125
12
532
80
4,580
49
26
27
38

1,144
314
46
1,237
213
12,439
137
91
58
104

1,227
374
51
1,333
230
13,319
146
100
63
118

7.25
18.92
11.14
7.73
7.53
7.08
6.26
10.12
9.89
13.33

3,664 8,522 9,093
3,094 6,670 7,839
2,632 5,989 6,736
3,398 7,829 8,440
2,972 6,161 6,559
5,174 12,324 13,133
2,870 6,191 6,612
2,497 5,619 6,094
2,538 5,593 6,396
2,484 5,583 6,231

14
40
62
29
67
1
65
78
72
75

9
30
460
30
26
791
425
166
107
20
226

31
110
1,340
86
98
2,079
1,096
433
284
56
601

34
120
1,415
95
110
2,205
1,181
466
307
62
635

10.32
9.80
5.55
10.38
12.83
6.03
7.71
7.57
7.97
10.41
5.59

2,083
2,912
3,740
2,352
3,017
3,608
3,591
3,578
3,126
2,461
3,622

4,944
8,003
8,981
6,674
6,716
9,644
8,488
8,295
7,501
7,163
8,899

83
35
17
64
63
10
27
32
46
54
18

Hampshire
Middlesex
Nantucket
Norfolk
Plymouth
Suffolk
Worcester
Michigan
SMSA counties
Non-SMSA counties
Alcona
Alger . .
Allegan
Alpena
Antrim
Arenac
Baraga

Grand Traverse
Gratiot
Hillsdale
Houghton
Huron
Ingham
Ionia
losco
Iron
Isabella

Oscoda
Otsego
Ottawa
Presque Isle
Roscommon
Saginaw
St. Glair
St Joseph
Sanilac
Schoolcraft
Shiawassee

.. ..

See footnotes at end of table.




1979

1980

1980

4,647
7,477
8,680
5,986
5,990
9,170
7,890
7,826
7,015
6,420
8,418

Tuscola
Van Buren
Washtenaw
Wayne
Wexford

Per capita personal income

Percent
change

Area title

1980

1979

197980

Millions of dollars

Rank
in
state

Dollars

1969

Dukes
Essex
Franklin

Total personal income

Per capita personal income

Total personal income
Millions of dollars

197980

156
179
908
11,423
52

444
471
2,551
23,694
163

477
513
2,799
25,239
179

7.37
8.91
9.73
6.52
9.81

13,664
9,838
3,827
24
548
56
46
52
21
155

36,040
25,456
10,584
69
1,836
166
156
173
53
424

39,908
28,545
11,364
77
2,069
182
175
189
58
453

10.73
12.14
7.36
11.64
12.69
9.29
12.27
8.99
10.07
6.91

Cass
Chippewa
Chisago
Clay
Clearwater
Cook
Cottonwood

90
78
91
37
44
50
134
16
9
45

239
215
282
123
111
163
364
39
29
132

252
225
317
134
114
184
397
42
31
135

Crow Wing
Dakota
Dodge
Douglas
Faribault
Fillmore
Freeborn
Goodhue
Grant
Hennepin

92
546
38
58
65
63
124
109
20
4,445

267
1,882
112
179
156
170
311
304
48
10,528

Houston
Hubbard
Isanti
Itasca
Jackson
Kanabec
Kandiyohi .
Kittson
Koochiching
Lac Qui Parle

50
20
48
90
46
25
90
18
44
31

Lake
Lake of the Woods
Le Sueur

Minnesota
SMSA Counties
Non-SMSA Counties
Aitkin
Anoka
Becker
Beltrami
Benton
Big Stone
Blue Earth
Brown
Carlton

Lyon
McLeod
Mahnomen
Marshall
Martin
Meeker
Mille Lacs
Morrison
Mower
Nicollet
Nobles
Olmsted
Otter Tail
Pine
Pipestone
Polk
Pope
Red Lake
Redwood
Renville
Rice
Rock
Roseau
St Louis
Scott
Sherburne
Sibley
Stearns
Steele
Swift
Todd
Traverse
Wabasha
Wadena
Waseca
Watonwan

Rank
in
state

Dollars

1969

1979

1980
1980

3,173 7,890 8,351
3,214 7,138 7,662
4,062 9,705 10,549
4,254 10,069 10,773
2,683 6,583 7,134

31
42
4
3
55

3,636
4,087
2,832
2,152
3,888
2,324
1,942
2,623
2,706
3,206

8,925 9,765
9,788 10,819
7,363 7,845
5,284 5,723
9,575 10,531
5,672 6,173
5,159 5,626
6,996 7,468
6,849 7,533
8,187 8,642

83
7
79
84
59
56
27

5.18
4.51
12.45
9.44
2.72
12.96
8.96
9.23
5.96
2.46

3,184
2,636
3,354
2,316
2,887
2,899
3,175
2,002
2,684
3,133

8,319
7,059
7,650
5,908
7,360
6,476
7,412
4,450
7,129
8,682

8,767
7,485
8,531
6,356
7,639
7,148
8,020
4,814
7,495
9,076

25
58
32
77
53
65
41
87
57
19

295
2,098
117
197
155
178
330
339
52
11,925

10.56
11.46
5.03
10.43
-.76
4.29
5.82
11.40
10.32
13.27

2,739 6,525 7,050
4,241 9,875 10,781
2,833 7,673 7,916
2,598 6,516 7,068
3,045 8,001 7,855
2,868 7,707 8,077
3,311 8,494 9,049
3,166 7,894 8,727
2,610 6,583 7,299
4,593 11,298 12,635

70
4
47
69
49
38
20
26
61
1

131
69
144
281
125
75
264
54
89
92

142
79
163
306
126
81
281
71
106
96

8.32
14.34
12.73
9.02
1.09
8.68
6.34
32.12
19.19
3.92

2,851
1,965
2,619
2,516
3,291
2,543
2,923
2,372
2,552
2,725

6,793 7,240
5,146 5,611
6,284 6,884
6,669 7,105
8,884 9,172
6,308 6,685
7,342 7,626
7,858 10,664
5,077 6,023
8,551 9,005

63
85
71
66
16
74
54
5
81
22

35
8
67
22
72
89
14
31
8.3
55

99
23
188
56
197
260
38
102
234
153

99
25
201
58
215
282
42
129
247
164

-.80
6.81
6.86
3.83
9.48
8.28
12.20
25.80
5.64
7.08

2,622
2,084
3,128
2,629
3,167
3,381
2,370
2,299
3,450
2,853

7,729
5,935
8,031
6,855
7,838
8,899
6,780
7,760
9,501
7,424

7,547
6,639
8,540
7,072
8,517
9,486
7,652
9,869
9,985
7,954

55
75
31
68
33
14
52
10
9
44

40
60
160
36
70
69
27
312
117
37

124
160
338
110
205
196
76
888
323
122

137
170
359
114
218
208
89
997
350
132

10.46
6.09
6.48
3.02
6.47
6.04
16.85
12.30
8.34
8.25

2,641
2,184
3,547
2,821
2,742
2,985
2,630
3,787
2,483
2,781

6,754 7,408
5,551 5,780
8,175 8,878
9,569 9,857
7,660 8,068
8,911 9,487
8,141 9,441
9,684 10,812
6,299 6,723
7,918 8,607

60
82
24
11
40
13
15
3
73
29

39
39
93
28
2,043
12
59
66
125
40

116
89
259
77
4,602
38
177
181
333
107

127
94
296
83
5,144
44
175
186
367
113

9.15
5.36
14.31
7.85
11.76
15.16
-1.05
2.78
9.95
5.19

2,254 5,938 6,364
3,001 7,526 8,001
2,695 7,404 8,466
2,513 6,584 7,089
4,381 10,100 11,158
2,191 6,905 8,068
2,923 9,163 9,031
3,106 8,883 9,088
2,895 7,265 7,934
3,799 10,129 10,538

76
43
35
67
2
39
21
18
46
6

29
711
100
50
44
245
97
29
36
44

100
1,835
342
211
132
703
283
83
79
127

105
1,993
379
238
133
780
306
89
81
139

4.86
8.60
10.83
12.52
.84
10.84
8.38
6.85
2.74
9.24

2,409
3,169
3,190
2,962
2,666
2,716
3,549
2,670
2,582
2,008

7,957 8,298
8,307 8,947
7,931 8,638
7,322 7,936
8,597 8,581
6,530 7,191
9,386 10,081
7,505 7,826
6,092 6,277
5,107 5,535

36
23
28
45
30
64
8
50
78
86

17
51
29
52
306
42

34
149
81
150
1,005
112

38
158
87
157
1,111
113

12.09
6.44
7.01
5.05
10.55
1.06

2,508
3,010
2,347
3,101
3,935
3,247

5,995
7,654
5,709
8,243
9,036
9,286

6,862
8,164
6,110
8,500
9,759
9,126

72
37
80
34
12
17

SURVEY OF CURRENT BUSINESS

April

61

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years l—Continued
Per capita personal income

Total personal income
Area title

1969

1979

1980

197980

1969

1979

65
364
430
110

10.86
6.86
12.39
3.13

2,769
3,172
2,847
2,842

7,121
7,358
6,774
7,861

7,717
7,860
7,283
8,016

51
48
62
42

5,193
1,616
3,576
99
65
23
36
14
88
28

15,245
4,897
10,348
264
204
66
96
37
230
82

16,567
5,412
11,154
293
224
70
104
38
242
84

8.67
10.52
7.80
10.92
9.60
5.29
8.42
2.91
5.22
2.49

2,339
3,028
2,121
2,632
2,409
1,639
1,819
1,798
1,762
1,878

6,079
7,229
5,653
7,001
6,307
5,021
4,857
4,522
4,994
5,246

6,557
7,891
6,060
7,682
6,767
5,205
5,241
4,662
5,261
5,325

4
13
65
61
72
60
55

17
36
16
19
29
41
77
48
27
89

37
105
44
69
95
127
201
138
86
342

37
107
47
66
105
134
214
150
92
371

-1.71
1.08
6.62
-3.43
10.90
6.07
6.69
8.68
7.71
8.55

1,749
2,132
1,836
1,869
1,927
2,189
1,882
1,904
1,908
2,565

3,744
5,880
4,839
5,597
5,644
6,029
5,407
5,265
5,528
6,443

3,749
5,958
5,211
5,400
6,202
6,353
5,789
5,658
5,784
6,871

81
32
63
52
24
18
36
40
37
11

147
14
24
14
50
42
412
708
38
24

436
41
79
40
126
117
983
2,190
98
69

486
44
83
43
136
135
1,127
2,427
102
70

11.48
7.27
5.98
5.67
7.49
14.97
14.66
10.84
3.81
1.39

2,548
1,680
1,964
1,593
2,530
2,534
3,087
3,325
1,597
1,568

6,675
5,075
5,197
4,108
6,000
4,963
6,269
8,792
4,223
4,961

7,338
5,372
5,426
4,320
6,445
5,475
7,131
9,648
4,418
5,025

6
54
. 51
80
17
49
8
1
77
69

Issaquena
Itawamba
Jackson
Jasper
Jefferson
Jefferson Davis
Jones
Kemper
Lafayette
Lamar

4
36
242
32
14
23
135
15
48
30

14
109
777
93
50
64
402
44
156
114

9 -38.61
119
8.93
818
5.17
103
11.15
50
.17
69
7.76
450
11.76
46
5.52
172
9.71
126
11.01

1,578
2,176
2,852
1,993
1,475
1,733
2,368
1,457
1,994
1,974

5,721
5,416
6,573
5,347
5,427
4,660
6,497
4,267
5,032
4,913

3,384
5,778
6,911
5,970
5,439
5,000
7,246
4,517
5,515
5,283

82
38
10
31
50
70
7
73
47
57

Lauderdale
Lawrence
Leake
Lee
Leflore
Lincoln
Lowndes
Madison
Marion
Marshall

189
19
33
130
95
57
121
62
45
39

519
60
97
410
245
171
361
204
132
121

574
65
104
448
259
186
399
220
149
129

10.48
9.21
6.99
9.10
5.57
8.96
10.53
7.78
12.16
6.81

2,805
1,717
1,903
2,841
2,227
2,154
2,439
2,074
1,939
1,621

6,749
4,843
5,148
7,339
5,902
5,734
6,235
4,996
5,137
4,169

7,406
5,208
5,513
7,830
6,213
6,154
6,952
5,282
5,764
4,390

5
64
48
3
23
25
9
58
39
78

Monroe
Montgomery
Neshoba ...
Newton
Noxubee
Oktibbeha
Panola
Pearl River
Perry
Pike

79
27
40
40
24
60
54
60
14
68

210
63
129
115
64
195
145
187
53
193

228
68
140
124
60
217
152
206
55
211

8.65
7.40
8.52
8.17
-6.88
11.11
4.60
10.22
5.24
9.21

2,320
2,089
1,903
2,094
1,637
2,103
1,973
2,199
1,576
2,113

5,735
4,822
5,431
5,754
4,761
5,514
5,225
5,618
5,286
5,378

6,258
5,065
5,868
6,217
4,507
6,009
5,383
6,072
5,599
5,824

21
67
34
22
74
30
53
26
43
35

Pontotoc
Prentiss
Quitman ...
Rankin
Scott
Sharkey
Simpson
Smith
Stone
Sunflower

34
40
26
107
48
14
50
28
17
65

114
126
62
423
128
43
137
75
65
174

119
3.79
135
7.18
56 -8.81
468
10.82
137
7.09
38 -10.69
142
3.87
80
5.56
66
1.34
185
6.44

1,974
2,003
1,561
2,465
2,227
1,549
2,501
2,022
2,095
1,719

5,473
5,221
4,803
6,307
5,237
5,255
5,855
5,015
6,814
5,014

5,656
5,587
4,433
6,731
5,571
4,822
6,047
5,272
6,798
5,303

41
44
76
14
46
71
27
59
12
56

Tallahatchie
Tate
Tippah
Tishomingo
Tunica
Union
Walthall
Warren ...
Washington
Wayne ..

32
38
32
31
20
43
23
127
169
28

76
115
100
102
47
125
68
381
443
90

75
121
110
117
43
137
71
420
487
100

-1.87
5.79
9.91
14.56
-7.43
9.46
4.70
10.09
10.02
10.92

1,592
2,019
2,051
2,066
1,624
2,265
1,797
2,816
2,356
1,699

4,412
5,218
5,322
5,645
4,833
5,782
4,936
7,477
6,049
4,764

4,358
6,024
5,875
6,334
4,481
6,282
5,130
8,111
6,719
5,232

79
28
33
19
75
20
66
2
15
62

21
21
39
24
59

59
52
103
64
171

62
57
109
66
177

6.16
8.25
6.39
4.29
3.69

2,037
1,823
2,117
1,968
2,119

5,563
5,154
5,225
4,856
6,201

6,022
5,654
5,587
5,041
6,464

29
42
45
68
16

16,063
12,144

40,225
29,127

43,698
32,119

8.63
10.27

3,462
3,918

8,227
9,103

8,865
9,978

Carroll
Chickasaw
Choctaw
Claiborne
Clarke
Clay
Coahoma
Copiah
Covington
De Soto
Forrest
Franklin
George
Greene
..
Grenada
Hancock
Harrison
Hinds
Holmes
Humphreys

..

.

.. ..

Webster ..
Wilkinson
Winston
Yalobusha
Yazoo
Missouri
SMSA counties

See footnotes at end of table.




1979

1980

3,919
55
37
31
81
51
26
40
21
15

11,098
165
100
91
228
147
78
119
68
41

4.34
11,579
5.54
175
97 -3.33
75 -16.97
1.83
232
11.38
164
77 -1.49
-.15
119
5.03
72
5.25
43

239
289
73
21
72.
33
141
43
6
128

737
672
210
60
240
120
440
113
20
385

22
33
39
20
455
41
157
46
34
17

1980

58
341
383
106

Mississippi
SMSA counties
Non-SMSA counties
Adams
Alcorn
Amite
Attala
Benton
Bolivar
Calhoun

Area title

1969

Non-SMSA counties
Adair
Andrew
Atchison
Audrain
Barry
Barton
Bates
Benton
Bollinger

Per capita personal income

Percent
change

Millions of dollars

1980

26
136
111
41

Wilkin
Winona
Wright
Yellow Medicine

Total personal income

Rank
in
state

Dollars

Percent
change

Millions of dollars

197980

Rank
in
state

Dollars

1969

1979

1980
1980

2,544 6,568
2,428 6,751
3,109 7,269
3,342 10,288
3,169 8,842
2,592 6,083
2,447 6,938
2,566 7,591
2,178 6,122
1,631 4,039

6,771
7,002
6,916
8,716
8,739
6,708
6,800
7,465
5,877
4,192

51
56
9
8
62
60
33
88
114

11.11
819
10.61
743
9.48
229
57 -4.56
7.13
258
13.79
136
7.88
474
100 -12.00
13.40
23
9.57
422

3,004
3,274
2,131
2,513
2,763
2,506
2,857
3,315
1,522
3,451

7,548
7,599
5,534
6,802
7,646
6,142
7,650
9,366
3,617
7,761

8,140
8,434
6,071
6,594
7,968
6,805
8,043
8,183
4,216
8,255

19
13
80
64
23
59
20
18
112
16

62
106
134
63
1,244
114
464
121
100
44

7.91
67
91 -14.00
9.56
146
55 -13.99
8.15
1,346
113 -1.22
13.09
524
.09
122
10.91
111
6.09
46

2,293
2,959
2,576
2,390
4,042
3,281
3,395
3,076
2,312
2,354

5,339
9,775
6,055
7,728
9,104
7,323
8,505
8,420
5,621
5,946

5,584
8,642
6,516
6,413
9,835
7,064
9,234
8,282
6,041
6,282

97
10
66
70
3
46
6
15
82
74

19
20
21
25
15
71
164
30
23
487

55
63
57
71
47
198
520
84
63
1,410

16.71
64
56 -11.46
51 -10.68
14.27
81
8.88
51
9.68
217
9.51
569
10.30
93
58 -7.70
11.79
1,576

1,870
2,361
2,818
2,165
1,542
2,072
2,928
2,452
2,745
3,205

4,586
7,161
6,783
4,860
4,214
5,340
7,307
6,482
7,825
7,690

5,293
6,284
6,146
5,574
4,418
5,968
7,971
7,036
7,335
8,488

102
73
78
98
111
84
22
49
35
12

30
25
55
8
23
28
52
23
2,577
235

96
74
155
26
66
72
145
69
5,761
607

93 -2.90
65 -12.36
1.86
158
21.19
32
53 -19.83
-.77
72
15.49
168
14.49
79
9.28
6,295
11.94
680

2,503
2,406
2,927
1,727
3,427
2,617
2,185
2,372
3,949
2,904

7,838
7,513
7,928
4,281
9,423
7,328
5,051
6,117
9,118
7,015

7,758
6,582
8,025
4,986
7,703
7,143
5,808
7,087
9,982
7,797

28
65
21
107
29
44
93
45
2
27

311
80
16
48
86
60
27
58
42
47

965
240
50
137
249
167
79
159
119
144

10.21
1,063
2.69
246
39 -22.15
14.51
157
-.90
247
11.97
187
76 -4.03
.63
160
118 -1.59
144
-.16

3,014
2,358
2,652
2,373
3,212
2,406
2,389
3,223
2,679
3,020

6,689
6,194
8,971
5,644
8,541
5,789
7,341
7,460
7,523
9,039

7,225
6,292
7,052
6,426
8,242
6,433
6,953
7,203
7,568
9,133

38
72
48
69
17
68
54
39
31
7

28
43
19
13
81
11
39
32
29
28

66
121
50
37
211
35
117
97
80
82

9.72
73
114 -5.47
58
14.75
5.18
39
224
6.07
29 -17.24
130
10.82
93 -3.76
86
8.23
76 -6.84

2,273
2,698
2,100
1,891
2,873
2,210
2,582
1,895
2,682
2,851

4,391
7,513
4,671
4,826
.7,495
7,786
6,385
6,126
6,841
8,422

4,874
6,976
5,367
5,200
7,804
6,170
7,001
5,896
7,145
7,824

109
53
101
104
26
77
52
87
43
24

Nodaway
Oregon
Osage
Ozark
Pemiscot
Perry

29
25
41
79
56
17
26
11
48
38

86
69
123
221
163
47
69
38
139
115

85
79
126
242
155
50
73
41
147
121

-1.23
14.33
2.25
9.36
-4.89
7.72
5.79
5.45
6.12
5.36

2,583
2,486
1,693
2,389
2,448
1,789
2,315
1,690
1,752
2,562

7,485
5,018
5,392
5,494
7,376
4,499
5,744
4,782
5,576
6,874

7,320
5,682
5,472
5,945
7,010
4,901
6,095
5,080
5,870
7,181

36
95
99
85
50
108
79
105
89
41

Petis
Phelps
Pike
Platte
Polk
Pulaski
Putnam
Rails
Randolph
Ray

102
75
56
121
35
184
12
20
61
54

267
203
142
411
102
201
40
60
178
151

274
2.46
10.25
223
133 -5.80
7.16
441
8.09
111
14.85
230
35 -12.64
56 -6.75
6.10
189
2.12
154

2,983
2,543
3,249
3,809
2,272
3,387
1,899
2,584
2,715
3,088

7,297
6,058
8,042
8,911
5,441
4,742
6,235
6,944
7,184
7,201

7,506
6,627
7,577
9,487
5,864
5,471
5,652
6,242
7,391
7,172

32
63
30
4
90
100
96
76
34
42

Reynolds
Ripley

12
16

36
48

1,924
1,585

5,154
3,866

5,944
4,214

86
113

Boone
Buchanan
Butler
Caldwell..
Callaway
Camden

A

Carroll
Carter
Cass
Cedar
Ch ' t' n
Clark
Clay
Clinton
Cole

Crawford
Dade
Dallas
Daviess
De Kalb
Dent
Douglas
Dunklin
Franklin
Gentry
Grundy
TT

Hie ko
Holt
Howard
Howell
T

k

I h
K

Laclede
Lafayette
Lawrence
Lewis
Lincoln
Livingston
McDonald
Macon
M
Marion

Miller
Mississippi
M

,, °

y

New Madrid

43
53

20.28
10.21

62

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years l —Continued
Total personal income
Millions of dollars

Per capita personal income
Dollars

Per-

Area title

change

St Charles
St. Clair
Ste. Genevieve
St Francois
St. Louis
Saline
Schuyler
Scotland
Scott
Shannon
Shelby
Stoddard
Stone
Sullivan
Taney
Texas
Vernon
Warren
Washington
Wayne.
Webster
Worth
Wright
St. Louis — Independent
city

1980

1979

1969

197980

1969

1979

Total personal income
Millions of dollars

Rank
in
state

Area title

1980

1969

1,078
51
103
267
10,906
219
32
45
248
32

1,202
11.46
51
-.37
106
2.65
301
13.05
12,048
10.47
214 -2.21
31 -3.70
37 -16.37
267
7.70
37
14.77

3,564
2,697
2,681
2,520
5,019
3,067
2,387
2,340
2,361
1,758

7,805 8,358
6,103 5,850
6,803 6,952
6,468 7,058
1,226 12,329
8,805 8,573
6,512 6,246
7,970 6,895
6,374 6,728
4,120 4,677

14
91
55
47
1
11
75
58
61
110

Box Butte
Boyd
Brown
Buffalo
Burt
Butler
Cass
Cedar
Chase
Cherry

22
56
20
21
34
37
43
29
32
14
36
8
28

66
171
87
56
127
100
129
108
80
43
107
21
85

57 -13.03
170
-.40
12.63
98
48 -13.38
148
16.51
11.84
112
137
5.85
8.09
117
91
13.61
8.82
46
124
15.65
17 -17.10
14.17
97

2,698
2,125
1,961
2,689
2,607
2,022
2,194
2,982
2,123
1,567
2,318
2,462
2,011

8,260
5,979
5,859
7,412
6,241
4,773
6,649
7,373
4,552
3,772
5,421
6,544
5,378

7,288
5,848
6,298
6,495
7,198
5,286
6,901
7,809
5,071
4,106
6,071
5,785
5,998

37
92
71
67
40
103
57
25
106
115
81
94
83

Cheyenne
Clay
Colfax
Cuming
Custer
Dakota

2,112

3,826

4,277

11.78

3,284

8,363

9,417

2,182
578
1,604
23
27
17
6
22
8
283

6,145
1,670
4,476
70
79
40
21
58
12
685

6,822
1,828
4,994
75
90
44
21
64
14
735

11.02
9.51
11.58
6.62
14.28
9.72
2.06
9.94
13.58
7.28

3,144
3,443
3,049
2,813
2,638
2,474
2,509
3,050
3,992
3,485

7,787
8,675
7,500
8,843
7,195
5,511
6,328
6,943
6,671
8,108

8,652
9,665
8,332
9,099
8,082
6,239
6,450
7,898
7,627
9,084

9
34
55
54
38
41
11

Chouteau
Custer
Daniels
Dawson
Deer Lodge
Fallon
Fergus
Flathead
Gallatin
Garfield

28
44
12
36
41
12
42
118
84
8

42
113
20
89
88
27
98
408
292
12

51
127
25
106
88
34
108
439
326
14

22.03
13.28
25.55
18.28
.31
24.83
10.32
7.75
11.43
18.38

4,267
3,585
3,901
3,195
2,552
2,925
3,301
3,032
2,632
4,608

6,837
8,543
7,043
7,509
6,787
7,028
7,508
7,918
6,963
6,705

8,380
9,700
8,884
8,920
6,978
8,988
8,229
8,436
7,585
8,305

27
8
17
16
52
13
31
25
42
30

Glacier
Golden Valley
Granite
Hill
Jefferson
Judith Basin
Lake
Lewis and Clark
Liberty
Lincoln

29
3
7
58
12
10
32
123
11
56

90
9
21
137
46
18
106
377
23
119

105
9
22
154
51
19
116
426
27
125

16.28
.70
6.13
12.54
11.56
7.35
9.63
12.92
21.45
5.00

2,627
3,148
2,387
3,296
2,324
3,708
2,215
3,737
4,443
3,202

8,707 9,864
8,654 8,478
7,640 8,144
7,597 8,561
6,292 7,211
6,552 7,106
5,709 6,090
8,869 9,866
9,551 11,743
6,626 7,010

5
24
33
23
47
49
56
4
2
51

McCone
Madison
Meagher
Mineral
Missoula
Musselshell
Petroleum
Phillips
Pondera
Powder River

10
11
5
8
179
11
2
15
24
10

19
38
20
26
593
35
6
36
48
21

24
41
19
28
655
39
5
41
57
23

28.72
7.59
-2.36
5.68
10.49
13.14
-6.83
14.81
16.79
9.63

3,399
2,184
2,501
2,671
3,136
2,884
2,823
2,726
3,520
3,517

6,927
6,924
8,616
7,039
8,007
7,573
8,791
6,845
7,054
8,234

8,927
7,545
8,962
7,526
8,603
8,813
8,365
7,636
8,392
9,092

15
43
14
44
22
21
28
40
26
10

18
5
37
29
30
18
18
20
128
15
9
22
21
5
40
9
5
295

55
11
144
96
68
63
58
41
310
37
25
50
58
8
74
21
7
985

58
14
159
121
79
79
62
53
338
42
27
58
68
9
82
21
10
1,094

5.65
32.63
10.19
26.16
15.44
24.05
6.87
28.70
9.27
12.74
5.27
14.16
16.76
12.34
10.63
4.46
30.97
11.06

2,732 7,645 8,318
2,843 5,680 7,681
2,571 6,653 7,061
2,899 8,140 9,831
2,820 6,659 7,499
3,022 6,526 7,930
2,502 6,507 7,182
3,406 7,490 9,749
3,022 7,876 8,858
3,286 6,411 7,443
3,027 7,763 8,223
3,569 7,468 8,856
3,530 10,568 12.256
4,305 7,156 8,824
3,180 6,843 7,969
3,459 8,778 9,073
3,061 4,757 6,631
3,403 9,118 10,098

29
39
50
6
45
36
48
7
18
46
32
19
1
20
35
12
53
3

33

94

103

9.51

2,860

7,229

7,916

37

5,248
2,455
2,793
109
25
1
3
2
24

13,672
6,377
7,296
274
80
4

4.59
14,300
9.96
7,012
11
7,288
6.23
291
62 -22.09
4 -8.59
56.97
8
6 -1.11
52 -18.39

3,560
3,921
3,294
3,583
2,733
2,023
2,848
2,399
2,930

8,740 9,086
9,217 10,088
8,361 8,294
8,937 9,465
9,066 7,158
6,828 7,043
5,548 8,898
7,375 6,361
8,474 7,048

11
67
75
18
85
73

Montana
SMSA counties
Non-SMSA counties.
Beaverhead
Big Horn
Elaine
Broadwater
Carbon
Carter
Cascade

,

Powell
Prairie
Ravalli
Richland
Roosevelt
Rosebud
Sanders
Sheridan
Silver Bow
Stillwater
Sweet Grass
Teton
Toole
Treasure
Valley
Wheatland
Wibaux
Yellowstone
Park (Incl. Yellowstone
National Park)
Nebraska
SMSA counties
Non-SMSA counties
Adams
Antelope
Arthur
Banner
Blaine
Boone

See footnotes at end of table.




r

6
64

5

. .

Dawson
Deuel
Dodge
Dundy
Franklin
Furnas
Garden
Garfield
Grant
Hall
Hamilton
Harlan
Hitchcock
Holt
Hooker
Howard
Johnson
Keith.....
Keya Paha
Kimball
Knox
Lincoln
Loup
McPherson
Merrick
Morrill
Nemaha
Nuckolls
Otoe
Perkins
Phelps
Platte
Polk
Red Willow
Rock
Saline
Sarov
Scotts Bluff
Seward
Sherman
Sioux
Stanton
Thayer
Thomas
Thurston
Valley
Washington
Wayne
Webster
Wheeler
York
Nevada
SMSA counties
Non-SMSA counties
Churchill
Clark

Rank
in
state

Dollars

change
1980

1979

197980

1980

306
21
35
94
4,511
77
11
13
80
13

Per capita personal income
Per1969

1979

1980
1980

32
8
13
89
33
33
63
27
15
22

95
23
33
275
81
75
168
85
46
51

109
14.54
24
1.42
32 -3.85
289
4.98
69 -15.22
70 -7.75
172
2.11
74 -12.05
41 -11.37
54
5.81

3,111
2,151
3,077
2,951
3,531
3,531
3,622
2,214
3,591
3,142

7,408
6,967
7,934
7,993
9,367
8,443
8,085
7,801
9,902
7,498

7,955
7,060
7,312
8,273
7,801
7,444
8,435
6,839
8,576
7,943

38
71
60
32
47
56
28
77
25
39

34
32
31
41
43
41
25
75
13
22

82
74
81
111
105
122
62
188
23
54

101
23.13
64 -13.00
76 -6.44
93 -16.64
101 -4.26
130
6.24
70
13.58
194
3.08
27
19.93
46
14 81

3,008
3,838
3,299
3,409
3,015
3,147
2,581
3,880
4,808
2,880

8,068 9,998
9,116 7,934
8,141 7,636
9,564 7,930
7,457 7,232
7,478 7,831
6,497 7,311
8,592 8,714
9,337 11,093
7,350 6,372

5
40
50
41
62
44
61
21
3
84

130
1,583
9
34
16
11
22
82
10
7

331
3,935
29
81
36
29
48
202
21
17

347
4.69
4,346
10.43
25 -13.48
72 -11.45
34 -3.92
26 -8.76
51
6.81
213
5.43
23
11.73
3.01
18

3,740 9,443 9,650
4,107 9,824 10,894
3,253 10,490 8,852
4,177 10,181 9,078
3,520 7,927 7,814
2,782 7,594 7,150
3,171 7,330 7,851
3,205 7,813 8,684
3,204 7,531 8,202
2,723 7,266 7,495

8
4
20
16
45
69
43
24
35
54

7
4
11
165
34
14
5
12
28
3

18
7
27
411
80
33
7
30
99
7

14 -21.47
7 -2.39
22 -17.31
442
7.60
67 -16.50
34
.27
7
13.09
34
13.77
89 -9.30
8
12.12

6,733
8,267
6,342
9,245
7,205
7,801
5,430
8,313
6,577
8,185

80
33
86
13
63
46
90
30
82
36

19
34
18
26
31
3
20
26
626
96

52
77
38
72
83
6
45
77
1,726
314

46
1076
81
5.56
38
83
61 -14.22
89
7.06
6
6.61
56
23.70
69 -11.37
1,897
9.92
326
3.70

2,994 7,646 6,801
3,214 7,908 8,224
3,160 7,046 7,157
3,993 10,488 8,694
3,688 8,922 9,482
2,348 4,498 4,788
3,227 9,600 11,456
2,191 6,823 5,969
3,787 9,149 9,812
3,279 8,644 8,924

79
34
68
22
10
92
1
88
6
17

2
2
2
88
30
16
15
32
22
55

7
5
4
294
67
41
34
65
49
124

7
3.61
4 -10.07
4
2.05
304
3.33
63 -5.34
45
10.10
29 -15.58
64 -1.12
48 -2.32
127
2.09

2,525
1,963
2,747
3,209
3,450
2,723
2,845
3,634
2,953
3,532

6,999
5,534
6,990
9,561
7,506
6,969
7,179
7,720
7,201
8,158

7,377
4,780
7,205
9,651
7,060
7,445
6,043
7,681
7,169
8,350

58
93
64
7
72
55
87
49
66
29

13
13
35
22
103
29
39
44
6
44

30
35
98
70
282
58
105
87
18
114

30 -1.20
15.17
41
94 -3.43
60 -14.31
270 -3.97
49 -15.55
115
9.21
86 -1.27
17 -4.35
121
5.31

2,960
3,661
3,672
2,589
3,970
4,351
3,174
3,595
2,644
3,465

7,634 7,608
9,732 11,193
9,908 9,636
8,441 7,082
9,682 9,353
9,516 7,699
8,457 9,110
7,759 7,616
7,552 7,190
8,894 9,159

52
2
9
70
12
48
15
51
65
14

205
59
117
46
21
12
6
17
24
3

593
157
313
113
53
32
10
51
64
8

639
149
340
110
60
30
10
42
63
8

7.79
-4.82
8.70
-3.16
13.50
7 11
6.38
1705
-1.65
6.84

3,283
3,532
3,195
3,256
2,827
2,599
2,685
2,669
3,009
2,768

6,878
8,728
8,214
7,201
6,983
7,953
4,623
7,880
8,645
7,842

7,417
7,958
8,853
6,940
7,891
7,044
5,625
6,439
8,275
8,542

57
37
19
76
42
74
89
83
31
27

19
15
49
27
16
2
51

53
44
134
75
35
7
135

48 -9.45
41 -6.06
133
-.57
68 -9.87
37
4.13
6 -21.95
129
4 64

2,749
2,616
3,796
2,527
2,943
1,964
3,796

7,367
8,205
8,677
7,772
7,366
6,795
9,237

6,705
7,313
8,565
6,833
7,520
5,184
8,694

81
59
26
78
53
91
23

2,081
1,728
353
31
1,164

7,435
6,231
1,204
105
4,105

4,335
4,477
3,751
2,992
4,350

9,718 10,723
9,913 10,926
8,818 9,798
7,706 8,415
9,300 10,321

14
6

8,594
7,182
1,412
117
4,781

15.58
15.27
17.22
12.24
16.48

3,489
3,967
2,745
3,889
3,924
3,262
2,991
2,978
2,200
2,686

8,518
7,845
7,364
8,638
8,767
7,740
4,997
7,224
7,371
7,052

SURVEY OF CURRENT BUSINESS

April

63

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years l—Continued
Total personal income
Millions of dollars
Area title
1969

Douglas
Elko
Esmeralda
Eureka
Humboldt
Lander
Lincoln
Lyon
Mineral ....
Nye

1979

Per capita personal income

1980

197980

1969

1979

1969

1980

200
152
6
12
70
32
22
101
46
62

230
184
7
14
86
41
28
121
53
75

15.23
21.03
14.37
13.03
24.07
27.10
24.74
19.70
16.47
21.68

5,602 10,863 11,826
4,038 9,479 10,640
3,795 7,640 8,469
4,869 12,103 11,538
3,620 8,045 9,127
3,487 8,890 9,979
2,706 6,204 7,481
3,333 8,165 8,869
3,399 7,468 8,534
4,050 7,538 8,262

2
4
13
3
9
7
17
10
12
16

12
3
564
33
59

25
10
2,126
62
300

30
12
2,401
76
337

18.14
22.41
12.92
21.82
12.53

4,586 8,183 8,790
3,726 7,488 8,288
4,765 11,358 12,371
3,309 7,725 9,259
3,829 9,435 10,513

11
15
1
8
5

2,599
1,569
1,029
117
63
188
100
184
866
281

7,420
4,580
2,840
338
210
486
243
504
2,362
787

8,414
5,207
3,207
383
238
552
271
565
2,703
895

13.40
13.69
12.94
13.07
13.61
13.48
11.64
12.07
14.45
13.70

3,589
3,699
3,434
3,686
3,473
3,675
2,902
3,395
3,917
3,526

8,137
8,365
7,794
7,908
7,634
7,818
6,925
7,758
8,583
8,155

9,119
9,405
8,689
8,905
8,504
8,859
7,686
8,567
9,750
9,080

4
7
5
10
6
1
3

488
215
97

1,625
593
272

1,843
661
304

13.41
11.45
11.87

3,655
3,090
3,174

8,664
6,997
7,678

9,658
7,722
8,422

2
9
8

31,252
29,743
1,509
643
4,853
1,309
1,760
209
418
4,165

71,950
66,734
5,216
1,667
10,767
3,062
4,063
670
1,005
7,929

80,799
74,918
5,881
1,997
12,072
3,376
4,515
762
1,115
8,935

12.30
12.26
12.74
19.80
12.12
10.26
11.14
13.78
10.88
12.68

4,405 9,758 10,935
4,444 9,891 11,089
3,752 8,331 9,285
3,680 8,634 10,264
5,431 12,647 14,243
4,180 8,461 9,291
3,902 8,587 9,551
3,540 8,199 9,246
3,462 7,503 8,369
4,502 9,232 10,468

10
1
16
15
17
21
9

Gloucester
Hudson
Hunterdon
Mercer
Middlesex
Monmouth
Morris
Ocean
Passaic
Salem

578
2,392
293
1,249
2,407
1,930
1,852
714
1,897
226

1,557
4,973
880
2,987
5,947
4,910
4,590
2,678
4,097
525

1,716
5,562
978
3,359
6,677
5,518
5,212
3,019
4,582
552

10.22
11.84
11.16
12.47
12.28
12.39
13.55
12.72
11.83
5.23

3,400 7,915 8,565
3,913 8,900 9,883
4,272 10,072 11,173
4,084 9,635 10,884
4,201 10,002 11,174
4,279 9,823 10,940
4,917 11,299 12,754
3,582 7,834 8,701
4,116 9,107 10,206
3,807 8,029 8,521

19
12
6
8
5
7
3
18
11
20

Somerset
Sussex
Union
Warren

1,001
294
2,785
277

2,517
988
5,419
720

2,808
1,121
6,099
822

11.58
13.52
12.55
14.11

5,132 12,408 13,793
3,896 8,579 9,633
5,173 10,661 12,041
3,812 8,758 9,708

2
14
4
13

2,870
1,233
1,637
1,022
5
125
31
124
7
182

9,159
4,051
5,109
3,350
14
351
92
305
19
548

10,266
4,544
5,722
3,764
14
410
105
339
20
611

12.08
12.18
12.01
12.36
1.75
16.80
13.84
11.23
1.76
11.50

2,838
3,074
2,683
3,248
2,345
2,879
2,560
3,263
2,681
2,642

7,878
8,227
7,621
8,943
5,171
8,007
7,650
8,050
8,019
6,328

4
29
10
13
8
9
22

Eddy
Grant
Guadalupe
Harding
Hidalgo
Lea
Lincoln
Los Alamos
Luna
McKinley

119
67
11
4
12
157
20
73
32
86

338
176
25
7
41
452
77
221
102
319

392
196
26
8
48
540
84
246
109
332

15.91
11.63
3.05
3.49
15.36
19.60
10.24
11.06
7.09
3.98

2,911 7,143 8,169
3,016 6,969 7,477
2,256 5,353 5,691
2,671 6,805 7,088
2,574 6,784 7,848
3,154 8,156 9,686
2,614 7,273 7,653
4,802 12,516 13,926
2,774 6,556 6,985
1,994 5,690 6,032

7
15
26
18
11
3
12
1
19
24

Mora
Otero
Quay
Rio Arriba
Roosevelt
Sandoval
San Juan
San Miguel
Santa Fe
Sierra

5
121
27
47
45
28
128
39
166
17

17
283
72
149
108
152
597
103
551
50

19
310
79
164
119
169
673
112
621
61

10.72
9.36
10.11
9.87
10.98
10.62
12.59
8.57
12.88
21.43

1,097
2,964
2,449
1,865
2,737
1,641
2,456
1,776
3,109
2,390

3,903
6,246
6,767
5,001
6,873
4,476
7,570
4,548
7,306
5,978

4,473
6,920
7,462
5,588
7,591
4,835
8,301
4,894
8,233
7,231

32
20
16
27
14
31
5
30
6
17

24
32
11
16
87

64
103
42
50
380

70
116
45
46
418

9.79
12.72
8.16
-7.57
9.97

2,421 4,851
1,819 5,520
2,064 5,783
3,123 10,390
2,177 6,754

5,366
6,128
6,016
9,813
6,857

28
23
25
2
21

79,807
74.639
5,169

161,478
149,801
11,678

180,497
167,568
12,929

11.78
11.86
10.71

<

New Hampshire
SMSA counties
Non-SMSA counties
Belknap
Carroll
Cheshire
Coos
Grafton
Hillsborough
Merrimack
Rockingham
Strafford
Sullivan
New Jersey
SMSA counties
Non-SMSA counties
Atlantic
Bergen
Burlington
Camden
Cape May
Cumberland
Essex

New Mexico
SMSA counties
Non-SMSA counties
Bernalillo
Catron
Chaves
Colfax ...
Curry
De Baca
Dona Ana

Socorro
Taos
Torrance
Union
Valencia
New York
SMSA counties
Non-SMSA counties

See footnotes at end of table.




Area title

4,408
4,528
3,190

7,153
7,518
6,887
8,152
5,047
7,108
6,869
7,109
8,094
5,846

9,157 10,252
9,425 10,557
6,710 7,457

1979

1980

197980

Rank
in
state

Dollars

Percent
change

Millions of dollars

1980

37
56
2
5
23
9
7
27
24
22

Pershing
Storey
Washoe
White Pine
Carson City

Per capita personal income

Total personal income

Rank
in
state

Dollars

Percent
change

1969

1979

1980
1980

1,202
130
5,065
841
246
254
495
361
148
192

2,625
302
8,649
1,768
552
564
1,081
738
320
494

2,925
334
9,664
1,951
604
624
1,203
820
360
543

11.44
10.77
11.75
10.34
9.33
10.69
11.29
11.11
12.47
9.80

4,199
2,801
3,462
3,787
3,010
3,316
3,363
3,564
3,219
2,645

9,147 10,207
5,761 6,442
7,276 8,240
8,147 9,112
6,459 7,029
6,977 7,795
7,357 8,169
7,426 8,374
6,482 7,277
6,107 6,706

8
59
26
15
52
35
29
23
47
56

175
144
135
883
4,318
100
112
167
210
114

408
323
300
2,126
8,945
225
253
359
449
275

452
354
333
2,384
9,722
251
286
396
494
304

10.80
9.58
11.02
12.15
8.68
11.54
12.89
10.22
9.97
10.61

3,418
3,160
3,018
4,040
3,895
2,890
2,539
3,174
3,596
3,453

6,892
6,741
6,340
8,779
8,659
6,257
5,685
6,398
7,576
6,707

7,581
7,228
7,089
9,707
9,552
6,929
6,353
7,167
8,300
7,422

41
48
51
11
12
55
60
49
24
43

Herkimer .
Jefferson
Kings
Lewis
Livingston
Madison.
Monroe
Montgomery
Nassau.

12
269
284
9,648
64
182
194
3,216
193
7,984

30
470
613
17,109
143
396
434
6,868
382
16,922

34
521
673
19,068
158
439
479
7,746
423
18,991

11.83
10.66
9.82
11.45
10.67
11.04
10.31
12.79
10.80
12.22

2,648 5,724 6,665
3,982 7,023 7,786
3,211 6,874 7,618
3,715 7,629 8,519
2,709 5,541 6,316
3,408 6,813 7,690
3,123 6,563 7,337
4,592 9,785 11,003
3,452 7,136 7,905
5,605 12,875 14,333

57
36
39
20
61
37
45
5
34
3

New York .
Niagara
Oneida
Onondaga
Ontario
Orange.
Orleans
Oswego
Otsego.
Putnam

10,636
886
908
1,810
292
833
134
297
176
228

18,308
1,897
1,884
3,936
678
2,044
298
795
381
644

20,788
2,058
2,076
4,359
753
2,281
326
866
424
726

13.54
8.49
10.19
10.74
11.01
11.56
9.45
8.88
11.16
12.79

6,890 12,820 14,500
3,766 8,230 9,041
3,324 7,340 8,173
3,852 8,494 9,386
3,736 7,572 8,447
3,816 7,867 8,765
3,632 7,714 8,461
2,979 6,913 7,586
3,152 6,389 7,162
4,189 8,396 9,383

1
16
28
13
22
17
21
40
50
14

Queens
Rensselaer
Richmond.
Rockland .
St. Lawrence
Saratoga
Schenectady.
Schoharie .
Schuyler.
Seneca

9,693
527
1,224
1,008
308
414
640
70
51
109

18,088
1,132
3,084
2,682
677
1,139
1,428
167
112
243

20,219
1,262
3,439
2,996
751
1,252
1,581
179
125
273

11.78
11.42
11.49
11.69
10.99
9.93
10.76
7.73
11.50
12.06

4,929 9,540 10,658
3,473 7,411 8,283
4,238 8,890 9,742
4,513 10,432 11,515
2,747 5,860 6,558
3,514 7,334 8,124
3,984 9,430 10,522
2,862 5,603 6,025
3,048 6,187 7,027
3,103 6,991 8,062

6
25
10
4
58
31
7
62
53
32

Steuben
Suffolk.
Sullivan.
Tioga.
Tompkins
Ulster
Warren
Washington
Wayne
Westchester.

336
4,454
190
161
244
. 519
169
154
298
5,514

734
11,513
453
366
577
1,219
406
352
661
11,032

817
13,030
502
399
647
1,353
448
382
733
12,461

11.39
13.18
10.93
9.13
12.05
10.98
10.31
8.50
10.82
12.96

3,383 7,338 8,226
4,079 8,948 10,122
3,644 6,829 7,688
3,504 7,330 7,996
3,203 6,623 7,411
3,713 7,638 8,535
3,454 7,363 8,140
2,938 6,363 6,959
3,807 7,617 8,580
6,212 12,671 14,340

27
9
38
33
44
19
30
54
18
2

120
63

273
150

292
162

6.85
8.48

3,229
3,197

6,716
7,057

7,290
7,548

46
42

15,087
8,901
6,186
322
55
17
51
38
23
86

41,328
24,062
17,266
733
151
54
160
122
67
254

46,118
26,924
19,194
811
163
59
176
134
75
287

11.59
11.89
11.17
10.67
7.70
9.78
9.79
10.03
13.28
12.93

2,999
3,401
2,562
3,356
2,904
2,143
2,160
1,947
1,836
2,357

7,124

7,880
6,283
7,396
6,115
5,585
6,353
5,571
4,645
6,309

7,832
8,671
6,896
8,159
6,496
6,138
6,856
5,981
5,216
7,104

12
62
73
51
77
97
45

Bertie.
Bladen
Brunswick.
Buncombe
Burke.
Cabarrus
Caldwell
Camden
Carteret.
Caswell

43
52
45
444
185
244
165
12
81
44

118
156
189
1,147
466
616
427
32
257
101

131
174
213
1,298
521
691
463
34
285
111

11.20
11.59
12.48
13.21
11.77
12.18
8.51
6.25
10.92
10.03

2,047
2,033
1,894
3,063
3,095
3,313
2,953
2,247
2,530
2,306

5,605
5,178
5,375
7,170
6,529
7,314
6,430
5,576
6,276
4,956

6,207
5,695
5,930
8,047
7,164
8,021
6,822
5,853
6,931
5,357

71
88
80
14
42
16
54
86
50
92

Catawba
Chatham
Cherokee
Chowan
Clay.
Cleveland ,
Columbus
Craven
Cumberland
Currituck

314
84
34
27
11
200
105
174
630
18

827
224
86
74
30
555
267
451
1,492
61

907
243
100
80
34
613
302
516
1,659
66

9.65
8.43
15.81
8.08
13.58
10.53
12.87
14.37
11.17
7.92

3,477
2,909
2,088
2,490
2,119
2,739
2,237
2,813
3,011
2,550

8,010
6,718
4,628
5,868
4,654
6,739
5,249
6,361
6,112
5,405

8,601
7,254
5,265
6,356
5,149
7,330
5,897
7,244
6,697
5,908

7
39
95
66
98
34
83
40
57
82

Albany
Allegany
Bronx
Cattaraueus
Cayuga
Chautauqua
Chp anTO
Clinton
Cortland
D t Vi
Erie
Essex
Franklin
Fulton
p n

Wyoming
Yates.
North Carolina
SMSA counties.
Non-SMSA counties.
Alamance.
Alexander
Alleghany
Anson
Ashe,
Avery
Beaufort .

SURVEY OF CURRENT BUSINESS

64

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years l —Continued

Rank
in
state

Dollars

Per-

Area title

change

1969

1979

1980

197980

1969

1979

1980
3
31
49
46
38
45
52
51
28
29

McKenzie
McLean
Mercer
Morton
Mountrail
Nelson
Oliver
Pembina
Pierce
Ramsey

20
33
17
54
23
21
7
34
19
43

60
115
75
186
61
45
17
83
47
114

70
118
87
200
59
42
19
87
46
119

16.77
2.82
15.14
7.43
-2.34
-5.59
14.18
4.82
-3.80
4.86

3,196
2,863
2,636
2,646
2,726
3,466
2,964
3,092
2,972
3,311

8,907
9,344
8,879
7,639
7,745
8,396
6,702
7,727
7,552
8,710

9,784
9,590
9,230
7,939
7,691
8,034
7,597
8,320
7,389
9,110

9
10
13
27
30
26
32
22
35
15

96
28
74
41
90
13
33
32
35
60

Ransom
Renville
Richland
Rolette
Sargent
Sheridan
Sioux
Slope
Stark
Steele

22
14
51
26
17
9
8
4
52
13

54
31
134
68
42
24
22
10
178
22

48 -12.18
29 -3.65
124 -7.76
2.18
69
38 -9.32
20 -15.42
3.57
23
16.36
12
217
21.35
19 -15.31

2,989
3,465
2,796
2,298
2,792
2,731
2,224
2,840
2,645
3,502

8,247 7,110
8,431 8,155
6,987 6,436
5,518 5,688
7,355 6,822
7,878 7,241
6,052 6,367
8,477 10,221
7,985 9,119
6,897 6,038

40
23
47
53
44
37
48
4
14
50

4,841 5,409
6,195 6,851
9,520 10,465
5,626 6,329
6,269 6,813
7,040 7,800
7,016 7,706
7,553 8,325
4,793 5,316
5,396 5,876

91
53
1
67
55
20
23
10
94
84

Stutsman
Towner
Traill
Walsh
Ward
Wells
Williams

73
18
32
50
184
24
68

196
34
83
114
499
73
208

203
33
83
114
544
71
251

3.60
-2.81
.24
.03
9.18
-2.94
21.02

3,084 8,150 8,376
3,807 8,144 8,055
3,324 8,502 8,603
3,037 7.138 7,397
3,195 8,417 9,302
3,034 10,266 10,166
3,491 9,844 11,270

21
25
19
34
12
5
1

7,575
5,996
6,745
5,525
5,550
5,958
6,822
7,905
7,282
6,141

8,330
6,574
7,296
6,006
5,839
6,421
7,597
8,738
7,820
6,409

9
58
37
76
87
64
29
6
19
65

40,297
34,088
6,210
42
407
140
330
123
137
249

94,053
78,309
15,744
121
964
361
786
293
344
680

102,387
85,453
16,934
128
1,036
391
853
325
364
735

8.86
9.12
7.56
6.21
7.52
8.22
8.52
10.99
5.62
8.02

3,815
3,952
3,206
2,220
3,693
3,268
3,379
2,500
3,592
3,096

8,710
9,026
7,417
5,030
8,664
7,889
7,576
5,312
8,112
8,158

9,460
9,837
7,928
5,253
9,211
8,444
8,168
5,752
8,530
8,877

88
18
43
53
86
41
27

2,092
3,031
3,059
2,548
2,376
2,564
3,096
2,479
3,030
2,178

5,081
6,982
7,006
6,379
6,391
6,042
7,001
5,910
6,712
5,562

5,644
7,640
7,768
6,940
6,852
6,707
7,625
6,456
7,403
6,258

89
25
21
49
52
56
27
63
30
69

75
791
60
105
544
298
110
343
109
182

202
2,111
165
247
1,168
975
272
829
282
408

221
2,324
180
264
1,262
1,096
291
897
303
433

9.16
10.11
9.06
6.95
8.00
12.37
6.72
8.20
7.36
6.22

2,838
3,533
2,770
3,459
3,536
3,103
3,532
3,170
3,247
3,630

6,407
8,229
6,456
7,304
7,749
7,815
7,874
7,285
7,881
8,026

6,905
8,960
7,023
7,842
8,380
8,510
8,382
7,883
8,380
8,629

76
23
73
61
48
42
46
59
47
38

14.63
6.55
12.88
9.28
13.12
10.21
8.73
12.55
9.94
8.96

2,518
1,937
2,905
2,629
3,677
2,068
2,415
2,315
2,744
2,630

6,526
5,794
7,366
6,467
8,857
4,794
6,994
5,461
6,355
6,544

7,392
6,221
8,026
6,990
9,754
5,320
7,634
6,010
6,977
7,131

31
70
15
47
4
93
26
75
48
44

7,873
167
130
145
301
244
83
3,076
126
58

16,003
410
351
437
707
762
201
7,643
316
210

17,432
432
364
477
757
841
217
8,500
327
223

8.93
5.36
3.80
9.22
7.17
10.35
7.81
11.21
3.53
5.83

4,611 10,569 11,606
3,464 7,368 7,815
3,552 8,794 9,084
3,387 8,147 8,844
3,990 9,039 9,486
3,366 8,324 8,954
3,251 7,333 7,880
3,772 8,711 9,757
3,845 8,367 8,637
2,308 7,144 7,381

1
62
21
28
13
24
60
8
37
70

517
224
76

11.04
11.61
11.00

2,811
2,760
1,799

7,470
7,116
4,625

8,164
7,865
5,098

11
17
99

5,354
1,990
3,363
29
103
62
10
86
33
35

5,643
2,162
3,481
34
102
59
12
84
36
34

5.42
8.63
3.51
17.25
-.94
-5.07
17.48
-1.81
8.83
-2.95

3,136
3,416
3,009
3,495
2,990
2,572
2,848
3.389
3,300
3,223

8,209 8,626
8,564 9,206
8,013 8,302
8,161 9,552
7,233 7,269
7,632 7,418
9,332 10,127
9.122 9,026
7,852 8,590
8,856 8,754

11
36
33
6
16
20
17

Hardin
Harrison
Henry
Highland
Hocking

259
471
105
3,835
227
98
48
103
83
59

677
1,049
281
8,455
561
239
136
244
219
149

735
1,137
306
9,342
618
249
136
259
237
163

8.61
8.41
8.83
10.49
10.03
3.92
-.48
6.01
7.84
9.48

4,087
3,793
2,794
4,178
3,762
3,219
2,856
3,830
2,876
2,898

9,196 9,850
8,082 8,741
6,840 7,253
9,614 10,675
8,675 9,542
7,403 7,584
7,680 7,463
8,548 9,097
6,554 7,051
6,219 6,701

7
33
71
2
11
66
69
20
72
78

519
816
57
55
33
40
28
40
37

582
871
55
50
30
47
25
41
38

11.98
6.79
-4.14
-8.52
-9.32
17.06
-9.08
3.15
2.59

3,389
3,867
2,837
2,843
3,469
2,492
2,837
2,401
2,933

9,683 10,589
9,683 9,853
7,055 7,132
7,593 6,938
8,973 8,622
8,840 10,054
7,567 7,025
6,480 6,929
7,908 8,139

2
8
39
42
18
7
41
43
24

Huron
Jackson
Jefferson
Knox
Lake
Lawrence
Licking
Logan
Lorain

52
177
66
312
133
803
153
355
119
933

156
433
174
792
320
1,963
418
936
320
2,331

162
452
188
852
349
2,142
447
1,024
341
2,516

4.00
4.52
8.30
7.49
9.07
9.07
6.85
9.41
6.45
7.93

2,281
3,583
2,418
3,240
3,220
4,071
2,707
3,352
3,410
3,673

5,280 5,508
7,934 8,266
5,722 6,133
8,706 9,282
6,858 7,529
9,239 10,040
6,623 6,978
7,802 8,444
8,256 8,691
8,541 9,132

87
51
83
17
67
3
75
44
36
19

1,915
91
1,102
219
317

4,273
244
2,462
561
1,000

4,675
270
2,633
608
1,078

9.41
10.51
6.95
8.45
7.78

3,987
3,232
3,653
3,402
3,825

9,062
7,506
8,516
8,357
8,981

9,887
8,148
9,073
8,930
9,501

6
55
22
26
12

12
73
40
1,101
117
116
113
127
54
32

39
199
106
2,850
295
320
299
429
139
86

45
216
115
3,169
327
354
339
496
153
100

15.43
8.58
8.95
11.20
10.86
10.74
13.60
15.48
9.84
15.80

1,834
2,220
2,647
3,864
2,140
2,370
2,729
3,026
2,295
1,931

5,478
5,870
6,803
9,049
5,319
5,398
6,463
7,528
5,952
4,397

6,190
6,327
7,138
9,968
5,909
5,937
7,277
8,441
6,518
4,888

72
68
43
3
81
79
38
8
61
100

11
207
45
167
20
91
148
93
75
34

29
568
139
451
49
267
398
281
228
115

31
629
157
507
53
297
441
313
258
132

5.69
10.65
12.60
12.51
9.66
11.21
10.75
11.45
12.97
14.33

2,055
2,904
2,092
2,701
2,116
2,920
2,677
2,904
2,485
2,169

4,886
6,950
5,556
6,428
5,072
7,461
6,718
6,832
6,665
5,710

5,256
7,601
6,059
7,172
5,492
8,079
7,359
7,366
7,321
6,520

30
63
1,388
29
51
112
157
258
43
284

80
161
3,767
81
136
347
470
767
109
611

91
178
4,241
92
153
395
519
863
120
664

13.93
10.87
12.59
12.70
12.60
13.69
10.29
12.51
9.92
8.80

1,811
2,508
4,066
2,095
2,632
2,897
2,655
3,175
1,768
2,828

Orange.
Pamlico
Pasquotank.
Fender
Perquimans
Person.
Pitt.
Polk.
Randolph.
Richmond.

172
20
66
37
19
66
187
37
247
105

575
61
190
120
53
172
565
100
654
275

643
69
208
134
56
188
637
114
720
292

11.91
12.72
9.33
11.59
5.46
9.37
12.75
13.35
10.10
6.22

3,056
2,100
2,449
2,034
2,205
2,528
2,546
3,148
3,245
2,682

Robeson
Rockingham
Rowan.
Rutherford
Sampson
Scotland
Stanly
Stokes .
Surry.
Swain

177
219
271
121
109
70
131
60
154
18

511
576
686
339
313
194
333
190
392
58

575
639
772
374
341
217
371
214
441
65

12.47
10.92
12.57
10.23
9.01
12.03
11.24
12.65
12.42
12.06

Transylvania
Tyrrell .
Union.
Vance.
Wake..
Warren
Washington
Watauga.
Wayne
Wilkes

50
7
157
86
817
32
34
52
235
130

151
23
502
236
2,600
79
104
170
617
385

174
25
566
257
2,941
87
113
191
679
419

Wilson
Yadkin
Yancey

159
68
23

465
201
69

1,948
663
1,285
14
45
22
4
33
13
16
137
284
24
20
16
13
12
18
14




1980

8,599 10,294
7,049 7,678
6,895 6,303
6,558 6,488
6,949 7,232
7,828 6,663
6,520 5,934
7,102 5,979
8,441 7,773
7,461 7,720

59
22
36
85
5
24
2
78
18
46

See footnotes at end of table.

1979

3,782
3,145
2,514
3,145
3,266
2,745
2,998
2,587
2,876
2,564

6,091 6,554
7,128 7,732
6,602 7,310
5,597 5,875
8,314 9,185
6,905 7,643
8,968 10,007
5,446 5,944
7,156 7,849
6,676 7,082

Burleigh
Cass
Cavalier
Dickey
Divide
Dunn
Eddy
Emmons
Foster

1969

25
17.51
509
8.61
27 -9.47
24 -2.61
31
2.49
26 -16.02
39 -8.87
21 -17.20
61 -10.57
37
1.82

2,545
3,297
2,820
2,510
3,376
2,604
3,705
2,139
3,024
2,462

North Dakota
SMSA counties
Non-SMSA counties
Adams
Barnes
Benson
Billings
Bottineau
Bowman
Burke

197980

21
468
30
25
30
30
42
25
68
36

13.97
10.60
12.16
6.05
11.81
10.52
12.68
10.73
11.79
9.25

Madison
Martin
Mecklenburg
Mitchell
Montgomery
Moore.
Nash.
New Hanover.
Northampton
Onslow.

1980

Rank
in
state

Dollars

10
188
13
13
17
12
22
11
26
15

88
877
180
241
1,407
429
2,444
179
1,279
63

Hyde.
Iredell.
Jackson.
Johnston
Jones
Lee.
Lenoir .
Lincoln
McDowell
Macon

1979

1980

77
793
161
227
1,258
388
2,169
162
1,144
58

Graham
Granville.
Greene
Guilford.
Halifax .
Harnett
Haywood
Henderson
Hertford
Hoke.

Area title

1969

Per capita personal income

Percent
change

Millions of dollars

1980

18
314
52
94
441
136
780
58
442
21

Dare
Davidson
Davie.
Duplin.
Durham
Edgecombe.
Forsyth.
Franklin
Gaston
Gates.

Total personal income

Per capita personal income

Total personal income
Millions of dollars

Golden Valley
Grand Forks
Grant
Griggs
Hettinger
Kidder
La Moure
Logan
McHenry
Mclntosh

...

Ohio
SMSA counties
Non-SMSA counties
Adams
Allen
Ashland
Ashtabula
Athens
Auglaize
Belmont
Brown
Butler
Carroll
Champaign
Clark. .
Clermont
Clinton
Columbiana
Coshocton
Crawford
Cuyahoga
Darke
Defiance
Delaware
Erie
Fairfield
Fayette
Franklin
Fulton
Gallia
C reene
Guernsey
Hamilton

Lucas
Mahoninff
Marion
Medina

SURVEY OF CURRENT BUSINESS

April

65

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years l —Continued
Total personal income
Area title

1969

Meigs
Mercer
Miami
Monroe
Montgomery
Morgan
Morrow
Muskingum
Noble
Ottawa.

1979

1980

197980

Dollars

1969

1979

Rank
in
state

Per capita personal income

Total personal income

Per capita personal income

Percent
change

Millions of dollars

Percent
change

Millions of dollars
Area title

1969

1980

1979

1980

1980

197980

Rank
in
state

Dollars

1969

1979

1980
1980

44
120
323
39
2,507
34
63
235
24
136

145
331
774
110
5,331
97
166
606
67
335

161
336
844
122
5,744
107
171
667
71
373

11.08
1.81
9.07
10.48
7.74
9.99
3.02
10.10
6.17
11.37

2,220
3,445
3,842
2,513
4,168
2,784
2,966
3,027
2,326
3,687

6,309 6,786
8,627 8,758
8,566 9,318
6,442 6,986
9,334 10,023
6,998 7,484
6,159 6,452
7,279 7,983
5,990 6,253
8,270 9,297

77
32
15
74
4
68
80
56
82
16

Okfuskee
Oklahoma
Okmulgee
Osage
Ottawa
Pawnee
Payne
Pittsburg
Pontotoc
Pottawatomie

21
1,950
84
77
81
28
115
89
71
111

60
5,630
254
243
243
99
383
237
226
394

66
6,516
288
271
263
108
431
255
255
452

11.40
15.74
13.32
11.70
8.19
9.54
12.41
7.90
13.26
14.70

1,923 5,217 5,950
3,816 10,059 11,422
2,348 6,555 7,326
2,531 6,384 6,885
2,675 7,412 7,975
2,426 6,461 7,048
2,351 6,247 6,885
2,376 5,794 6,286
2,624 6,986 7,818
2,631 7,322 8,160

63
6
45
53
31
49
52
60
37
27

65
69
121
44
395
116
103
477
182
201

173
183
328
120
973
278
256
1,059
457
509

174
200
364
135
1,064
295
274
1,145
508
557

.54
9.42
10.77
12.09
9.36
5.95
7.15
8.09
11.17
9.44

3,407
2,534
3,082
2,292
3,212
3,347
3,367
3,701
2,964
3,322

8,144
5,922
7,440
5,356
7,247
7,350
7,452
8,137
7,057
7,993

8,151
6,441
8,311
5,887
7,814
7,691
8,298
8,706
7,803
8,786

54
81
49
84
63
65
50
35
64
30

Pushmataha
Roger Mills
Rogers
Seminole
Sequoyah
Stephens
Texas
Tillman
Tulsa
Wagoner

15
11
74
56
46
108
65
34
1,579
52

46
38
309
177
151
368
243
111
4,805
200

49
42
352
204
165
419
256
105
5,625
225

6.26
8.91
14.07
15.15
9.23
13.83
5.53
-5.11
17.06
12.45

1,567 4,050 4,157
2,280 8,854 8,647
2,843 6,831 7,562
2,142 6,612 7,418
2,045 4,916 5,352
2,910 8,696 9,635
4,066 13,712 14,430
2,604 9,041 8,444
3,982 10,571 11,922
2,418 5,025 5,374

77
21
41
43
71
13
2
23
5
70

Scioto .
Seneca
Shelby.
Stark.
Summit.
Trumbull.
Tuscarawas
Union
Van Wert.
Vinton

220
211
132
1,372
2,179
890
252
80
101
19

516
513
328
3,271
4,678
2,250
627
239
282
60

562
548
355
3,558
5,102
2,426
674
260
291
67

8.93
6.85
8.22
8.77
9.08
7.83
7.47
8.50
3.29
10.95

2,841
3,485
3,551
3,708
3,939
3,858
3,271
3,411
3,461
2,056

6,110 6,634
8,189 8,836
7,622 8,224
8,669 9,369
8,891 9,706
9,324 10,008
7,461 7,946
8,141 8,771
9,284 9,546
5,331 5,767

79
29
52
14
9
5
57
31
10
85

Washington
Washita
Woods
Woodward

177
48
34
45

523
109
90
164

607
110
99
188

15.97
.73
10.33
14.48

4,263 11,300 12,586
3,734 8,272 7,953
2,787 8,422 9,062
2,933 8,056 8,838

3
34
15
19

Warren
Washington
Wayne
Williams
Wood.
Wyandot.

280
173
296
123
313
72

760
459
772
311
858
185

837
509
835
326
939
195

10.08
11.04
8.24
4.93
9.46
5.20

3,317
3,054
3,437
3,709
3,518
3,267

7,730
7,192
7,931
8,618
8,093
8,112

8,409
7,904
8,554
8,952
8,726
8,569

45
58
40
25
34
39

7,258
5,070
2,187
46
150
605
92
86
174
31

22,213
15,244
6,969
117
484
2,166
262
291
506
103

24,533
16,935
7,597
126
539
2,420
287
317
520
108

10.44
11.09
9.02
7.25
11.48
11.72
9.31
9.07
2.71
5.07

3,520
3,741
3,096
3,048
2,908
3,875
3,285
3,033
3,132
3,152

8,615
9,124
7,679
7,260
7,093
9,148
8,140
8,212
7,974
7,987

9,296
9,894
8,193
7,762
7,884
9,982
8,807
8,886
8,093
8,221

32
30
5
10
8
27
19

7,820
4,984
2,836
23
25
17
23
42
32
56

24,229
15,279
8,950
72
60
52
75
142
100
183

27,493
17,655
9,838
82
60
56
72
156
107
196

13.47
15.55
9.92
13.74
-.09
7.87
-4.08
9.75
7.23
7.40

3,085 8,158 9,066
3,465 8,824 9,947
2,586 7,226 7,822
1,575 3,858 4,408
3,203 8,327 8,480
1,607 4,127 4,388
3,479 11,571 10,552
2,590 7,787 8,094
2,680 7,496 7,967
2,135 6,078 6,418

75
22
76
9
29
32
58

Curry .
Deschutes
Douglas
Gilliam
Grant
Harney
Hood River
Jackson
Jefferson
Josephine

38
97
215
9
23
23
47
280
25
99

127
469
698
16
61
65
145
969
85
372

140
509
771
18
66
70
159
1,076
91
411

9.80
8.33
10.46
10.34
8.09
6.57
10.06
10.97
7.75
10.52

2,871
3,269
3,053
3,972
3,419
3,202
3,553
2,987
2,847
2,763

7,662 8,192
8,031 8,165
7,581 8,205
7,801 8,716
7,607 7,981
8,192 8,344
8,847 10,028
7,461 8,102
7,445 7,850
6,424 6,972

22
23
21
11
28
17
4
26
31
36

Caddo.
Canadian
Carter .
Cherokee
Choctaw.
Cimarron.
Cleveland
Coal.
Comanche
Cotton

70
101
100
41
29
16
215
10
331
18

226
434
336
153
90
69
902
33
721
56

242
511
393
177
98
64
1,063
34
785
57

7.19
17.65
17.07
15.55
8.20
-7.24
17.89
3.36
8.80
1.73

2,376 7,308 7,824
3,248 7,926 9,023
2,656 7,843 9,000
1,813 5,121 5,764
1,924 5,210 5,655
3,728 19,201 17,411
2,866 7,078 7,966
1,813 5,294 5,611
2,927 6,271 6,962
2,624 7,837 7,779

36
16
17
64
65
1
33
67
51
38

Klamath
Lake
Lane
Lincoln
Linn
Malheur
Marion
Morrow
Multnomah
Polk

162
21
652
76
210
69
495
15
2,321
98

450
57
2,146
268
660
188
1,599
76
5,771
317

484
62
2,333
302
729
204
1,766
82
6,439
344

7.47
8.16
8.68
12.46
10.47
8.82
10.46
8.09
11.58
8.54

3,264 7,648 8,163
3,432 8,069 8,221
3,120 8,013 8,455
2,948 7,984 8,537
2,989 7,413 8,125
3,004 7,162 7,576
3,334 8,051 8,610
3,452 10,555 10,850
4,148 10,364 11,415
2,800 7,043 7,590

24
20
14
13
25
35
12
2
1
34

Craig..
Creek
Custer .
Delaware
Dewey ,
Ellis
Garfield .
Garvin
Grady.
Grant .

38
120
62
28
15
17
184
64
80
24

126
387
193
111
55
48
559
209
280
84

134
455
219
120
58
55
633
227
312
79

6.66
17.52
13.45
8.04
5.18
14.93
13.35
8.22
11.37
-5.15

2,614 8,272 8,933
2,650 6,629 7,661
2,826 7,494 8,423
1,582 4,640 5,001
2,621 9,072 9,687
3,185 8,304 9,884
3,313 8,975 10,060
2,433 7,649 8,119
2,733 7,254 7,890
3,247 12,710 12,148

18
40
25
74
12
11
10
28
35
4

Sherman
Tillamook
Umatilla
Union
Wallowa
Wasco
Washington
Wheeler
Yamhill

10
49
150
57
19
70
620
6
118

19
163
436
170
55
197
2,275
12
417

20
177
467
184
61
217
2,557
13
466

7.21
8.50
7.16
8.17
9.58
10.21
12.37
7.99
11.83

4,528
2,794
3,366
2,964
2,961
3,485
4,031
3,231
2,967

9,073 9,186
7,933 8,360
7,592 7,916
7,289 7,672
7,949 8,325
9,290 9,958
9,649 10,395
7,603 8,854
7,803 8,398

7
16
29
33
18
6
3
9
15

Greer.
Harmon
Harper.
Haskell.
Hughes
Jackson.
Jefferson
Johnston
Kay
Kingfisher.

20
15
16
19
28
83
16
15
171
37

49
39
50
63
83
203
58
48
483
119

50
37
54
69
91
215
62
53
538
135

1.48
-2.71
7.24
9.88
9.46
6.16
6.85
10.43
11.36
13.81

2,390 7,142 7,235
2,779 7,921 8,275
3,159 10,569 11,382
2,014 5,791 6,260
2,007 5,791 6,324
2,696 6,746 7,077
2,208 7,085 7,548
1,796 4,619 5,065
3,547 9,807 10,765
3,011 8,586 9,514

46
26
7
61
59
48
42
73
8
14

43,259
37,275
5,984
188
6,433
207
685
114
1,133
399

101,453
86,204
15,249
486
14,327
560
1,727
280
2,782
950

112,137
95,484
16,653
540
15,920
617
1,878
300
3,094
1,031

10.53
10.77
9.21
11.10
11.12
10.13
8.79
7.05
11.20
8.56

3,684
3,823
3,006
3,334
4,004
2,726
3,288
2,691
3,851
2,947

8,544 9,427
8,862 9,800
7,104 7,738
7,211 7,889
9,851 10,951
7,178 7,917
8,437 9,166
5,982 6,403
8,915 9,875
6,883 7,528

38
3
35
13
65
9
46

Kiowa
Latimer
Le Flore.
Lincoln
Logan.
Love
McClain.
McCurtain
Mclntosh .
Major

34
16
57
49
47
13
33
48
22
21

87
50
198
162
156
47
136
185
80
71

89
54
218
181
176
51
150
196
87
74

2.67
7.61
9.88
11.97
13.00
8.29
10.28
6.06
9.45
3.83

2,490
1,812
1,763
2,545
2,495
2,225
2,472
1,698
1,721
2,905

6,814
5,233
4,925
6,314
6,008
6,198
6,868
5,054
5,246
7,983

7,014
5,447
5,342
6,796
6,532
6,764
7,393
5,417
5,628
8,430

50
68
72
54
57
55
44
69
66
24

Bradford
Bucks
Butler
Cambria
Cameron
Carbon
Centre
Chester
Clarion
Clearfield

166
1,622
405
536
27
156
262
1,177
111
201

420
4,397
1,128
1,427
51
409
722
3,087
322
602

462
4,911
1,230
1,507
56
448
808
3,463
345
660

10.04
11.69
9.05
5.62
11.09
9.58
11.99
12.19
7.17
9.61

2,877
4,016
3,195
2,848
3,761
3,077
2,702
4,350
2,893
2,672

6,708 7,322
9,271 10,224
7,631 8,295
7,656 8,204
7,541 8,413
7,633 8,388
6,419 7,153
9,998 10,911
7,486 7,947
7,204 7,876

50
6
26
30
23
24
55
4
33
39

Marshall
Mayes
Murray
Muskogee
Noble

16
55
25
160
27
26

61
210
69
485
102
77

66
234
82
541
101
89

8.80
11.51
19.16
11.67
-1.48
15.69

2,135
2,409
2,275
2,659
2,649
2,606

5,788
6,624
5,702
7,369
8,926
6,913

6,238
7,228
6,707
8,070
8,691
7,721

62
47
56
30
20
39

Clinton
Columbia
Crawford
Cumberland
Dauphin
Delaware
Elk
Erie
Fayette

114
164
254
601
813
2,699
121
914
405

272
417
614
1,683
2,032
5,584
298
2,271
1,067

290
459
673
1,873
2,264
6,283
324
2,475
1,167

6.81
10.04
9.62
11.28
11.40
12.53
8.57
8.99
9.42

3,019 7,119 7,429
2,983 6,774 7,395
3,132 6,974 7,560
3,883 9,644 10,497
3,639 8,776 9,712
4,534 10,040 11,295
3,200 7,816 8,423
3,483 8,147 8,827
2,595 6,557 7,262

48
49
45
5
10
2
22
17
51

Pauling
Perry.
Pickaway.
Pike
Portage
Preble
Putnam
Richland.
Ross
Sandusky

Oklahoma
SMS A counties.
Non-SMSA counties
Adair.
Alfalfa
Atoka.
Beaver
Beckham
Elaine
Bryan

See footnotes at end of table.




Oregon
SMSA counties
Non-SMSA counties
Baker
Benton
Clackamas
Clatsop
Columbia..
Coos
Crook

Pennsylvania
SMSA counties
Non-SMSA counties
Adams
Allegheny
Armstrong
Beaver
Bedford
Berks
Blair

66

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years J—Continued
Per capita personal income

Total personal income

Percent
change

Millions of dollars
Area title

1969

1979

1980

197980

Dollars

1969

1979

Total personal income

Rank
in
state

Area title

1980

Forest
Franklin
Fulton
Greene
Huntingdon
Indiana
Jefferson
Juniata
Lackawanna
Lancaster

12
339
25
90
103
203
118
49
734
1,199

33
895
72
253
254
673
348
138
1,698
3,097

37
996
80
281
279
731
375
149
1,874
3,400

10.67
11.35
12.00
10.98
9.84
8.66
7.77
8.14
10.35
9.78

2,545
3,401
2,351
2,479
2,639
2,570
2,681
2,934
3,135
3,798

7,209
8,746
6,250
6,939
6,592
7,903
7,747
7,763
8,203
9,357

53
18
66
60
61
37
42
41
31
11

Lawrence
Lebanon
Lehigh
Luzerne
Lycoming
McKean
Mercer.
Mifflin
Monroe
Montgomery

362
347
922
1,082
371
179
425
139
167
3,444

778
862
2,456
2,604
888
394
998
307
507
7,614

840
945
2,742
2,831
959
423
1,111
338
574
8,516

7.95
9.61
11.66
8.70
8.01
7.27
11.31
10.09
13.11
11.84

3,352 7,307 7,824
3,512 7,832 8,580
3,649 9,003 9,997
3,158 7,536 8,232
3,285 7,423 8,077
3,429 7,760 8,336
3,339 7,804 8,636
3,085 6,589 7,188
3,716 7,468 8,245
5,627 11,909 13,200

40
21
8
29
32
25
19
54
28
1

Montour
Northampton
Northumberland
Perry
Philadelphia
Potter
Schuylkill
Snyder
Somerset

45
834
311
82
7,100
38
43
499
87
204

115
2,044
716
238
13,746
115
107
1,139
222
602

128
2,285
796
260
15,170
128
114
1,245
236
645

11.11
11.80
11.18
9.20
10.36
10.56
7.18
9.38
6.18
7.19

2,747
3,915
3,126
2,895
3,635
3,263
2,631
3,094
3,009
2,685

6,859 7,646
9,101 10,112
7,021 7,909
6,667 7,249
8,033 8,964
6,533 6,972
6,052 6,432
7,040 7,735
6,658 7,006
7,431 7,920

44
7
36
52
15
59
64
43
58
34

Sullivan
Susquehanna
Tioga
Union
Venango
Warren
Washington
Wayne
Westmoreland
Wyoming
York

16
94
103
82
196
165
696
88
1,263
58
1,039

36
226
267
225
508
371
1,789
229
3,199
161
2,616

38
245
291
247
534
410
1,930
252
3,539
174
2,910

7.75
8,29
9.19
9.90
5.17
10.41
7.88
10.10
10.63
8.46
11.24

2,597
2,733
2,624
2,912
3,132
3,485
3,293
2,972
3,371
3,065
3,857

5,453
6,015
6,533
6,775
7,863
7,885
8,154
6,426
8,149
6,082
8,430

6,016
6,458
7,086
7,511
8,271
8,623
8,872
7,133
9,001
6,574
9,275

67
63
57
47
27
20
16
56
14
62
12

Rhode Island
SMSA counties
Non-SMSA counties
Bristol
Kent
Newport
Providence
Washington

3,439
3,110
329
187
517
329
2,136
270

8,008
7,354
654
425
1,359
654
4,829
741

8,952
8,206
746
470
1,516
746
5,377
843

11.79
11.59
14.03
10.68
11.55
14.03
11.34
13.82

3,690
3,703
3,574
4,176
3,722
3,574
3,726
3,255

8,371
8,409
7,961
9,071
8,809
7,961
8,318
7,983

9,429
9,457
9,140
9,995
9,811
9,140
9,388
9,018

2
4
3
5

South Carolina
SMSA counties
Non-SMSA counties
Abbeville
Aiken
Allendale

7,083
4,457
2,626
52
282
20
307
32
42
169

20,401
13,004
7,398
129
790
48
871
92
128
506

22,715
14,621
8,094
141
882
47
970
96
134
550

11.34
12.44
9.41
9.00
11.74
-1.01
11.38
4.62
4.93
8.73

2,756
3,010
2,410
2,527
3,083
1,985
2,983
2,004
2,372
3,195

6,609
7,072
5,927
5,643
7,588
4,450
6,705
5,072
6,255
7,712

7,265
7,830
6,428
6,203
8,334
4,397
7,263
5,284
6,749
8,393

27
4
46
12
38
20
3

123
23
739
92
73
77
43
60
128
55

435
75
2,013
274
197
216
121
161
361
144

499
79
2,259
295
217
237
122
175
389
151

14.64
5.27
12.22
7.73
10.28
9.73
1.01
9.07
7.84
4.78

2,247
2,267
2,983
2,514
2,447
2,257
1,674
2,108
2,395
1,881

4,783
6,276
7,223
6,643
6,517
5,726
4,321
5,096
5,749
4,670

5,257
6,483
8,127
7,183
7,193
6,188
4,446
5,525
6,188
4,847

39
24
5
15
14
28
45
36
29
41

78
33
42
236
72
766
155
37
176
21

362
100
128
676
241
2,203
384
107
632
65

411
108
139
752
274
2,496
436
110
701
74

13.63
7.94
9.28
11.20
13.38
13.33
13.63
2.36
10.79
12.65

2,471
2,113
2,118
2,654
2,194
3,253
3,005
2,291
2,549
1,813

6,519
5,970
6,179
6,201
5,693
7,767
6,739
5,924
6,364
4,624

7,036
6,152
6,720
6,811
6,430
8,649
7,518
6,019
6,893
5,069

16
31
21
19
25
1
11
33
18
40

McCormick
Marion
Marlboro
O
^

100
119
136
29
271
16
66
57
79
109

278
312
339
84
976
38
181
144
221
293

311
352
378
87
1,092
41
193
153
243
337

11.65
12.86
11.61
3.65
11.87
9.86
7.02
5.97
9.75
15.04

2,877
2,823
2,739
1,620
3,185
1,885
2,240
2,106
2,728
2,722

7,271
5,967
6,568
4,424
7,096
4,737
5,264
4,602
7,122
6,161

7,945
6,589
7,226
4,575
7,763
5,301
5,640
4,821
7,789
6,921

7
23
13
44
9
37
35
42
8
17

Pickens

158
156

456
470

499
531

9.30
12.91

2,267
2,657

5,603
6,020

6,046
6,681

32
22

Bamberg
Beaufort
Calhoun
Charleston
Chester
Chestefie Id
Colleton
Dillon
Dorchester
Edgefield
Fairfield
Georgetown
Greenwood
Hampton
Jasper
Lancaster
Laurens
Lee

See footnotes at end of table.




6,549
7,975
5,677
6,182
6,166
7,327
7,164
7,194
7,394
8,619

197980

Dollars

1969

1979

Rank
in
state

1980
1980

745
30
518
187
76
62
237

2,038
89
1,437
497
180
177
734

2,289
96
1,617
545
198
185
823

12.35
8.32
12.52
9.63
9.94
4.60
12.19

3,254
1,997
3,022
2,341
2,514
1,783
2,822

7,612
5,691
7,201
5,680
5,775
4,575
7,047

8,527
5,955
8,002
6,164
6,410
4,820
7,696

2
34
6
30
26
43
10

1,957
334
1,624
11
68
7
24
55
114
17

5,211
991
4,220
22
158
19
55
168
303
42

5,408
1,069
4,339
21
168
18
51
176
326
43

3.79
7.90
2.83
-5.39
6.40
-1.01
-7.31
4.76
7.71
2.31

2,930
3,526
2,832
2,568
3,237
2,360
2,716
2,473
3,136
2,978

7,563
9,281
7,247
5,984
8,131
5,785
6,759
7,024
8,314
8,010

7,818
9,750
7,454
5,788
8,716
5,693
6,334
7,219
8,811
8,264

57
9
58
48
30
7
11

Buffalo
Butte
Campbell
Charles Mix
Clark
Clay
Codington
Corson
Custer
Davison

4
24
8
26
16
37
56
11
12
52

9
56
17
60
35
90
154
25
36
136

10
60
19
58
33
89
165
27
39
144

1.83
8.34
6.41
-1.96
-6.48
-1.43
7.06
6.07
7.90
6.40

2,186
3,043
2,651
2,504
2,753
2,819
2,958
2,237
2,566
2,995

5,578
6,632
7,838
6,045
7,144
6,779
7,386
4,531
6,383
7,624

5,349
7,191
8,240
6,017
6,732
6,753
7,895
5,119
6,460
8,085

62
31
12
54
42
40
20
63
45
14

Day
Deuel
Dewey
Douglas
Edmunds
Fall River
Faulk
Grant
Gregory

22
13
12
11
15
21
12
24
18
9

53
35
31
27
32
70
27
67
42
24

5.96
56
32 -8.39
34
9.31
23 -12.74
5.72
34
74
6.48
27
1.16
3.82
69
.58
42
1.82
24

2,513
2,247
2,232
2,490
2,646
2,774
3,141
2,602
2,691
3,234

6,483
6,421
6,237
6,227
6,080
8,489
7,875
7,492
7,037
8,770

6,832
5,971
6,323
5,547
6,562
8,800
8,071
7,653
6,988
8,586

38
55
49
60
44
8
15
27
35
10

Hamlin
Hand

14
17
10
7
42
31
8
9
9
7

35
39
20
14
117
66
16
19
18
12

32 -7.80
-.16
39
1587
17
9.34
15
130
10.72
59 -11.55
17
2.45
2.19
19
1.83
19
11
5 16

2,528
2,805
2,534
3,577
3,621
3,003
3,021
3,105
2,701
3,386

6,533
7,851
5,762
8,413
8,252
7,215
7,360
5,614
6,093
8,113

6,125
7,794
4,870
8,843
9,115
6,254
8,112
5,643
6,346
7,773

53
21
65
5
3
50
13
59
46
23

Lake
Lawrence
Lincoln
Lyman
McCook
McPherson
Marshall
Meade
Mellette

23
30
47
36
13
18
13
17
51
6

51
77
132
103
27
45
29
38
135
13

4 45
49
73 -4^23
147
10.72
94 -8.88
.79
28
40 -11.80
31
6.84
2.10
38
7.57
145
13
-.10

3,009
2,647
2,671
3,052
3,123
2,493
2,499
2,821
2,997
2,354

7,629
7,265
7,445
7,909
7,293
6,894
7,038
6,834
6,400
5,975

7,331
6,823
7,973
6,748
7,133
6,139
7,779
7,097
7,004
5,940

29
39
18
41
32
52
22
33
34
56

Miner
Minnehaha
Moody
Pennington
Perkins
Potter
Roberts
Sanborn
Shannon
Spink

11
334
18
180
16
14
26
10
11
33

27
991
54
575
34
32
66
22
31
66

25 -8.56
7.90
1,069
47 -12.93
7.94
621
6.19
36
2.74
33
2.01
67
20 -7.79
6.95
33
64 -2.31

2,486
3,526
2,362
2,998
3,330
3,073
2,179
2,783
1,304
3,090

7,314
9,281
8,170
7,855
7,264
8,559
5,911
6,555
2,757
7,107

6,586
9,750
6,967
8,836
7,733
8,910
6,146
6,343
2,897
6,987

43
2
37
6
25
4
51
47
66
36

8
9
12
26
30
33
21
57
5

18
23
35
57
81
92
53
142
12

20
11.73
-.67
23
1.54
36
1.62
58
70 -13.69
85 -7.84
56
7.03
152
6.96
13
8.40

3,050 7,353 7,750
3,729 11,851 11,436
1,919 4,626 4,877
3,162 7,653 7,906
2,992 9,108 7,555
3,370 8,582 7,720
2,695 7,157 8,027
2,998 7,594 8,019
2,239 5,295 5,438

24
1
64
19
28
26
16
17
61

11,287
8,006
3,281
204
73
28
13
180
141
47

32,206
22,256
9,951
575
190
94
40
542
441
178

35,444
24,667
10,776
639
209
100
43
608
490
199

10.05
10.84
8.30
11.16
10.03
6.58
6.47
12.15
11.22
11.59

2,896
3,237
2,304
3,384
2,922
2,320
1,718
2,843
2,839
1,782

7,104
7,811
5,909
8,704
6,908
6,307
4,288
7,216
6,639
5,197

7,702
8,533
6,299
9,464
7,471
6,676
4,505
7,801
7,239
5,700

2
14
34
89
8
20
63

18
65
93
33
18
34

59
179
251
124
59
123

64
190
280
137
63
136

8.87
5.89
11.56
10.51
7.14
10.16

2,062
2,526
2,153
2,596
1,854
1,760

5,872
6,268
5,051
5,883
4,666
5,161

6,273
6,687
5,565
6,322
4,954
5,497

48
33
68
46
84
69

Richland
Saluda
Spartanburg
Union
Williamsburg
York
South Dakota
SMSA counties
Non-SMSA counties
Aurora
Beadle
Bennett
Brookings
Brown
Brule

Harding
Hughes
Hvde

i

1980

1979

1969

1980

Per capita personal income

Percent
change

Millions of dollars

Jerauld

Stanley
Sully
Todd
Tripp
Turner
Union
Walworth
Yankton
Ziebach
Tennessee
SMSA counties
Non-SMSA counties
Anderson
Bedford
Benton
Bledsoe
Blount
Bradley
Campbell
Cannon
Carroll
Carter
Cheatham
Chester
Claiborne

67

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years *—Continued
Total personal income
Area title

1969

1979

1980

197980

Dollars

1969

1979

Rank
in
state

Per capita personal income

Total personal income

Per capita personal income

Percent
change

Millions of dollars

Area title

change

1969

1980

Rank
in
state

Dollars

Per-

Millions of dollars

1980

1979

1980

197980

1969

1979

1980
1980

11
51
93
34
37
1,645
21
24
56
79

34
142
260
82
138
4,306
58
75
187
230

37
152
295
88
156
4,799
62
84
202
235

9.14
6.97
13.73
7.15
12.90
11.43
6.64
11.00
8.02
2.57

1,659
2,025
2,894
2,340
1,778
3,704
2,244
2,167
2,589
2,612

4,661 4,873
5,017 5,272
6,832 7,690
5,453 5,853
4,936 5,427
9,090 10,018
5,425 5,696
5,715 6,145
6,246 6,698
6,750 6,777

85
75
10
61
71
1
64
53
32
31

Austin
Bailey
Bandera
Bastrop
Baylor ...
Bee
Bell
Bexar
Blanco
Borden

33
27
13
39
15
58
359
2,611
9
3

133
71
50
141
56
149
1,116
7,318
28
10

149
71
57
164
64
178
1,246
8,407
33
9

12.26
-.30
13.98
16.28
13.71
19.50
11.69
14.88
15.92
-8.99

2,463 7,806 8,409
3,101 8,748 8,647
2,948 7,481 8,027
2,315 5,874 6,635
2,851 11,807 12,999
2,521 5,823 6,829
2,980 6,868 7,876
3,178 7,490 8,482
2,575 6,115 6,975
2,931 10,781 10,223

107
92
130
214
13
199
139
103
192
35

35
19
65
137
53
26
115
20
99
891

102
57
178
293
165
78
317
60
297
2,370

112
63
194
309
181
86
349
66
318
2,597

9.12
9.50
9.50
5.42
10.03
10.25
9.94
8.93
6.83
9.58

1,531
1,518
2,391
2,882
2,404
1,868
2,449
1,834
2,582
3,517

4,058
3,961
5,663
5,990
6,785
4,671
5,890
4,395
6,049
8,254

4,397
4,215
6,065
6,239
7,342
5,136
6,395
4,758
6,427
9,005

91
92
55
49
16
79
42
86
40
4

Bosque
Bowie
Brazoria
Brazos
Brewster
Briscoe
Brooks
Brown
Burleson
Burnet

30
221
332
146
19
11
12
68
20
29

113
546
1,417
534
50
30
38
220
65
132

124
591
1,645
629
54
30
48
251
80
152

8.96
8.13
16.09
17.73
8.54
1.44
27.45
14.00
23.84
14.73

2,713 8,423 9.197
3,389 7,307 7,824
3,080 8,790 9,680
2,717 5,897 6,703
2,596 6,655 7,128
3,889 11,799 11,677
1,493 4,559 5,697
2,666 6,754 7,573
2,038 5,525 6,520
2,719 7,744 8,514

67
143
49
206
183
22
236
158
219
99

Hancock
Hardeman
Hardin
Hawkins
Haywood
Henderson
Henry
Hickman
Houston
Humphreys

11
41
34
73
39
39
56
28
14
32

26
119
125
236
106
125
200
88
40
108

28
125
135
246
115
121
207
93
44
115

7.81
5.06
8.10
4.13
9.15
-3.32
3.69
6.60
9.29
7.12

1,630
1,829
1,895
2,188
1,942
2,275
2,360
2,289
2,349
2,359

3,890
4,984
5,834
5,543
5,211
5,795
7,058
5,880
6,165
6,862

4,108
5,228
6,037
5,610
5,669
5,621
7,212
6,151
6,394
7,205

93
77
57
67
65
66
21
52
43
22

Caldwell
Calhoun
Callahan
Cameron
Camp
Carson
Cass
Castro
Chambers
Cherokee

37
51
20
274
18
29
54
45
32
74

131
158
76
1,009
68
86
176
73
132
284

153
179
88
1,144
76
84
199
53
150
312

16.91
13.46
14.57
13.39
11.00
-2.39
12.86
2771
13.18
9.81

1,785 5,696 6,451
2,784 8,135 9,128
2,471 7,093 7,943
1,971 4,909 5,444
2,325 7,565 8,153
4,507 12,912 12,608
2,335 6,078 6,730
4,167 6,985 5,005
2,689 7,445 8,052
2,369 7,703 8,155

223
70
133
239
121
18
205
247
129
120

Jackson
Jefferson
Johnson
Knox
Lake
Lauderdale
Lawrence
Lewis ..
Lincoln
Loudon.

13
62
21
827
15
37
64
14
57
57

40
189
70
2,392
37
130
223
44
156
187

43
208
81
2,678
39
130
237
49
167
205

8.75
10.39
14.99
11.95
4.83
-.09
6.23
10.14
7.31
9.61

1,623
2,513
1,815
3,011
1,828
1,791
2,206
2,121
2,339
2,351

4,243
6,199
5,104
7,554
5,093
5,290
6,559
4,648
5,875
6,653

4,572
6,646
5,882
8,357
5,260
5,294
6,921
5,009
6,298
7,156

88
35
60
7
76
73
29
81
47
24

Childress
Clay
Cochran
Coke
Coleman
Collin .
Collingsworth
Colorado
Comal

20
24
14
8
27
216
15
44
76
31

59
76
38
21
68
1,145
38
144
288
81

61
85
33
24
77
1,351
34
166
333
90

3.55
12.59
1445
15.34
12.44
17.99
855
15.16
15.87
11.12

8,725
8,870
6,782
7,563
7,350
9,330
7,399
8,800
9,120
7,110

91
84
202
159
172
62
169
87
71
186

McMinn
McNairy
Macon
Madison
Marion
Marshall
Maury
Meigs
Monroe
Montgomery

93
35
28
171
45
48
127
11
50
184

249
124
94
518
146
140
368
40
132
540

273
133
103
573
159
143
386
45
147
582

9.82
7.46
9.54
10.70
9.22
2.46
4.67
11.83
11.60
7.75

2,639
1,900
2,270
2,612
2,184
2,745
2,898
2,108
2,138
2,957

6,036
5,528
6,191
7,044
6,076
7,198
7,258
5,858
4,685
6,514

6,512
5,888
6,572
7,672
6,504
7,243
7,528
6,041
5,126
6,963

38
59
37
11
39
19
13
56
80
28

Concho
Cooke
Coryell
Cottle
Crane
Crockett
Crosby
Culberson
Dallam
Dallas

8
66
108
7
12
13
27
9
28
5,682

21
219
285
37
38
36
72
22
91
16,321

2 77
20
14.64
251
8.44
309
31 -17.14
23.77
46
12.85
41
66 -8.89
3.52
23
86 -6.02
17.28
19,141

2,526 7,203 6,876
2,825 8,229 9,065
3,292 4,948 5,423
2,217 12,775 10,459
3,023 8,382 10,077
3,410 7,948 8,913
2,745 8,321 7,436
2,680 6,494 6,955
4,411 13,896 13,095
4,430 10,722 12,266

197
74
242
30
39
83
167
193
11
21

9
19
73
26
10
7
27
79
36
89

26
66
245
83
31
17
75
268
178
264

29
74
256
83
34
18
85
306
186
284

11.25
11.77
4.28
.65
9.82
7.60
12.39
14.11
4.35
7.63

2,587
1,419
2,459
1,750
1,992
1,750
2,313
2,258
2,132
2,283

6,085
4,061
7,286
4,758
5,024
3,770
5,682
5,795
7,589
5,540

6,392
4,436
7,778
4,731
5,489
4,080
6,210
6,405
7,639
5,848

44
90
9
87
70
94
50
41
12
62

Deaf Smith
Delta
Denton
De Witt
Dickens
Dimmit
Donley
Duval
Eastland

53
95
11
226
39
9
12
11
20
44

119
184
33
1,030
119
28
45
43
70
128

.90
120
172 -6.37
1.47
33
18.48
1,220
16.35
138
24 -16.55
21.39
54
4.63
45
6.56
75
14.40
146

3,153 7,322 7,411
5,323 8,716 8,128
2,183 6,874 6,874
3,087 7,641 8,508
2,112 6,414 7,288
2,338 8,104 6,664
1,342 3,886 4,757
2,824 10,990 10,953
1,600 5,720 5,945
2,528 6,704 7,482

168
125
198
100
176
212
249
26
232
165

78
181
24
14
70
2,379
29
17
434
156

243
535
89
40
258
6,341
82
49
1,134
558

270
603
100
43
289
7,070
95
53
1,212
612

11.12
12.68
12.36
6.98
12.03
11.50
15.97
7.27
6.87
9.70

2,678
3,077
1,605
2,156
2,503
3,330
2,319
2,305
3,438
2,898

6,742
6,590
4,643
4,889
6,434
8,248
5,660
5,584
7,972
6,585

7,275
7,159
5,191
4,997
6,968
9,076
6,363
6,080
8,397
7,115

18
23
78
82
27
3
45
54
5
25

Ector
Edwards
Ellis
El Paso
Erath
Falls

294
5
135
1,037
41
40
56
38
15
36

995
18
435
2,858
157
135
158
142
49
101

19.35
1,188
8.43
20
14.47
497
12.38
3,212
11.23
175
5.57
143
4.71
166
11.06
157
46 -6.15
90 -11.55

3,339 8,931 10,271
2,141 9,065 9,588
2,892 7,570 8,308
2,848 6,051 6,677
2,402 7,220 7,729
2,233 7,805 7,930
2,438 6,706 6,809
2,207 7,707 8,331
2,303 8,079 7,752
3,041 10,581 9,090

33
52
112
209
150
134
201
110
145
73

Tipton
Trousdale
Unicoi
Union
Van Buren
Warren
Washington
Wayne
Weakley
White

59
13
38
16
7
66
208
24
65
37

187
39
98
52
17
202
593
69
183
103

202
43
108
58
18
222
664
74
194
106

8.25
10.44
10.31
11.75
8.06
10.15
11.98
7.10
6.29
3.07

2,099
2,572
2,456
1,758
1,757
2,488
2,843
1,937
2,280
2,275

5,665
6,644
5,970
4,519
3,684
6,304
6,788
5,009
5,647
5,205

6,164
7,066
6,611
4,983
3,892
6,783
7,468
5,291
5,894
5,391

51
26
36
83
95
30
15
74
58
72

Foard
Fort Bend

Galveston
Garza
Gillespie
Glasscock

7
132
11
27
23
35
571
15
28
3

25
975
40
96
69
110
1,809
40
106
26

7.83
27
18.23
1,153
7.54
43
19.28
114
5.89
73
99 -10.01
13.17
2,047
10.19
44
12.52
119
21 -19.37

3,178 11,704 12,363
2,480 8,220 8,789
2,201 5,997 6,254
2,512 6,656 7,699
2,035 4,985 5,289
3,042 8,688 7,527
3,344 9,284 10,424
2,860 7,459 8,238
2,728 8,060 8,810
2,707 22,348 16,269

20
88
225
154
245
161
31
115
86
5

Williamson
Wilson

107
106

433
373

488
410

12.88
9.89

3,207
2,934

7,809
6,724

8,385
7,292

6
17

36,356
30,020
6,336
72
34
138
25
15
7
47

118,267
98,259
20,009
238
106
466
99
58
31
136

3,292 8,516 9,528
3,477 8,842 9,979
2,629 7,210 7,721
2,515 6,262 7,488
3,599 8,322 9,376
2,867 7,518 8,075
2,879 7,092 7,679
2,424 8,205 8,951
3,531 16,081 12,930
2,538 5,545 6,124

163
59
128
155
81
15
227

Goliad
Gonzales
Gray
Grayson .
Gregg
Grimes
Guadalupe
Hale
Hall
Hamilton

8
37
99
251
243
26
86
108
19
16

44
114
268
701
836
90
295
290
38
53

47
129
292
786
967
105
334
295
36
58

6.71
13.28
8.99
12.05
15.72
16.33
13.26
1.66
3 76
9.87

1,800 8,802 8,968
2,246 6,874 7,644
3,697 10,471 11,041
3,037 8,012 8,727
3,291 8,646 9,700
2,152 6,862 7,734
2,550 6,418 7,145
2,679 7,764 7,825
3,134 6,558 6,468
2,287 6,465 6,940

79
156
24
90
48
148
182
142
222
196

Hansford
Hardeman

26
21

83
53

81
54

-2.22
2.43

3,878 13,380 12,979
3,031 8,454 8,438

14
105

Clay
Cocke
Coffee ..
Crockett
Cumberland
Davidson
Decatur
De Kalb
Dickson
Dyer
Fayette
Fentress
Franklin
Gibson
Giles
Grainger
Greene
Grundy
Hamblen
Hamilton

Moore ..
Morgan
Obion
Overton
Perry
Pickett
Polk
Putnam
Rhea
Roane
Robertson
Rutherford
Scott
Sequatchie
Sevier
Shelby
Smith...
Stewart
Sullivan
Sumner

Texas
SMSA counties
Non-SMSA counties
Anderson
Andrews
Angelina
Aransas
Archer
Armstrong
Atascosa

See footnotes at end of table.




14.91
135,901
15.95
113,929
21,972
9.81
288
21.15
17.62
125
11.44
519
10.66
110
13.31
65
26 -16.06
13.34
154

Fayette
Fisher
Floyd

Freestone
Frio

2,996
2,852
2,458
2,682
2,619
3,371
2,921
2,434
3,162
2,708

8,782
8,327
7,833
6,560
6,478
8,425
8,074
7,920
8,153
6,532

68

SURVEY OF CURRENT BUSINESS

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Yearsl—Continued

Per-

Area title

Hardin
Harris
Harrison
Hartley
Haskell
Hays
Hemphill
Henderson
Hidalgo
Hill

Rank
in
state

Dollars

change

1969

1979

76
6,772
128
13
22
74
11
58
300
56

284
25,362
340
17
72
229
63
243
1,194
171

56
17
52
36
117
6
135
92
4
19

157
116
159
135
274
24
391
253
11
58

31
58
4
847
9
71
136
44
29
85

100
204
10
2,378
34
247
505
137
85
292

23
4
3
61
10
2
4
76
14
90

1980

-321
29,923
395
18
66
269
69
277
1,365
185

Total personal income

Per capita personal income

Total personal income
Millions of dollars

Millions of dollars
Area title

1980

197980

1969

13.06
17.99
16.11
3.84
-9.06
17.14
10.35
14.12
14.32
7.89

2,552 7,188 7,875
3,962 10,850 12,385
2,991 6,638 7,546
5,172 4,457 4,483
2,550 9,498 8,498
2,645 5,849 6,603
4,092 12,270 13,053
2,237 5,890 6,487
1,676 4,334 4,808
2,552 6,947 7,357

140
19
160
252
102
215
12
220
248
171

Reagan
Real
Red River
Reeves
Refugio
Roberts
Robertson
Rockwall
Runnels
Rusk

1979

1969

1980

1980

1979

Per capita personal income

Percent
change
197980

Rank
in
state

Dollars

1969

1979

1980
1980

11
3
30
48
24
3
30
25
35
82

39
13
83
115
72
23
90
123
82
297

46
15
91
115
78
25
98
147
90
342

19.37
9.66
9.79
-.49
8.62
6.21
8.98
18.88
9.61
15.12

3,883 10,109 11,118
1,329 5,743 5,969
2,000 5,240 5,639
3,045 7,289 7,245
2,448 8,148 8,404
3,216 20,896 20,739
2,199 6,106 6,688
3,652 9,131 10,071
2,930 6,991 7,573
2,474 7,210 8,234

23
230
238
177
108
2
208
40
157
116

14
13
12
111
11
7
47
9
40
24

51
47
52
402
41
25
151
34
122
57

11.89
57
12.82
53
20.30
62
8.67
437
41
.05
4.99
26
10.32
167
17.09
40
134
9.69
50 -12.73

2,003 5,975 6,525
1,690 5,449 6,042
1,769 4,869 5,435
2,330 7,154 7,515
1,912 7,592 7,237
3,343 8,943 9,100
3,053 8,368 9,158
3,000 9,047 10,171
2,010 5,364 5,783
7,061 17,949 15,763

217
229
241
162
178
72
69
37
234
6

309
6
24
25
4
6
10
44
2,671
300

1,061
34
90
75
10
19
45
138
7,754
945

1,194
39
95
86
11
19
49
126
8,963
1,087

12.50
15.62
6.28
13.74
17.52
-1.45
9.00
-9.08
15.59
15.00

3,237 8,428 9,278
2,306 8,841 9,480
1,368 3,457 3,493
3,132 7,899 8,631
3,929 8,183 9,283
2,421 8,387 7,888
2,928 8,802 9,479
4,088 13,879 12,909
3,900 9,285 10,384
2,980 8,699 9,773

64
53
253
93
63
137
54
16
32
45

4,011 9,735 9,937
2,915 8,595 8,378
3,064 12,587 13,526
2,654 8,405 9,417
3,023 8,098 9,025
3,356 8,513 9,659
2,080 5,581 6,082
2,468 6,018 6,479
2,051 5,898 6,521
2,567 9,102 9,765

43
109
9
56
77
50
228
221
218
47

6,580
5,384
6,450
8,440
5,361
6,720
8,072
8,337
4,774
7,189

6,992
5,880
7,177
9,612
5,954
6,666
8,963
9,390
5,439
7,739

189
233
181
51
231
211
80
57
240
147

7.49
168
18.99
139
10.18
176
17.67
159
9.83
301
21 -13.54
12.73
441
14.20
289
5.97
11
19.38
69

2,670
2,994
2,571
1,994
2,930
2,434
3,022
3,763
3,646
2,799

6,894 7,226
7,093 7,805
6,436 6,944
6,300 7,121
8,201 9,052
9,472 7,734
7,215 7,968
9,899 10,979
7,984 8,156
8,138 9,353

180
144
195
185
75
149
131
25
119
61

Sabine
San Augustine
San Jacinto
San Patricio
San Saba
Schleicher
Scurry
Schackelford
Shelby
Sherman

109
239
11
2,664
36
282
585
142
100
334

8.97
17.21
17.83
12.02
5.31
14.37
15.91
3.91
17.29
14.44

2,365
2,338
2,310
3,458
2,043
2,173
3,014
2,680
2,143
2,600

7,584 8,138
6,831 7,749
5,854 6,818
9,562 10,591
6,944 6,990
6,919 7,716
7,700 8,628
7,971 8,228
6,458 7,332
7,763 8,532

123
146
200
27
190
151
94
117
173
98

Smith
Somervell
Starr
Stephens
Sterling
Stonewall
Sutton
Swisher
Tarrant
Taylor

98
7
8
237
28
3
13
221
52
269

112
9
8
272
30
3
17
238
54
306

14.03
35.24
-3.00
14.67
6.30
-4.55
26.54
7.61
2.23
13.59

3,637 9,531 10,527
6,642 12,085 16,915
2,038 6,403 6,946
3,147 8,569 9,430
2,701 7,049 7,293
4,234 7,782 6,556
1,699 6,020 7,364
2,298 6,691 7,126
2,371 9,940 10,026
2,598 6,521 7,236

28
3
194
55
175
216
170
184
41
179

Terrell
Terry
Throckmorton
Titus
Tom Green
Travis
Trinity ...
Tyler
Upshur
Upton

7
45
7
44
216
945
16
29
43
12

15
125
25
177
671
3,528
51
95
165
41

16
122
28
202
767
4,060
58
105
187
45

2.52
-2.16
9.32
14.53
14.23
15.08
13.46
11.07
13.61
9.17

53
26
10
42
18
19
81
38
12
14

147
76
24
123
74
66
374
120
51
56

152
84
30
139
89
74
437
135
50
68

3.72
10.77
25.90
13.05
21.09
12.77
16.93
12.57
-3.46
22.29

2,823 7,919 8,122
3,002 5,960 6,979
1,951 4,265 5,411
2,362 6,439 7,309
2,136 7,421 8,138
2,102 7,095 7,708
2,437 8,164 9,266
1,997 6,015 6,669
3,322 15,325 13,114
2,260 6,456 7,085

127
191
243
174
122
153
65
210
10
187

Uvalde
Val Verde
Van Zandt
Victoria
Walker
Waller
Ward
Washington
Webb
Wharton

40
63
53
152
52
30
36
47
144
92

145
190
199
563
215
118
106
181
462
284

157
212
226
663
249
132
126
207
541
312

8.69
11.48
13.34
17.67
15.83
11.76
18.52
14.55
17.04
9.98

22

535"
28
23
458
3
15
16
14

80
2
1,664
60
65
1,278
9
66
50
48

12.11
90
31.90
2
11.96
1,863
54 -11.16
10.66
72
12.84
1,442
39.79
13
7.60
71
13.30
56
42 -12.79

3,072 7,891 8,836
516 20,034 25,264
2,980 7,928 8,782
3,080 7,080 6,215
2,529 7,482 8,257
3,043 7,551 8,425
3,136 12,202 16,669
1,930 6,575 6,657
1,986 4,901 5,402
2,972 10,229 8,923

85
1
89
226
114
106
4
213
244
82

Wheeler
Wichita
Wilbarger
Willacy
Williamson
Wilson
Winkler
Wise
Wood
Yoakum

21
427
42
26
92
24
31
51
47
24

72
1,063
125
79
501
78
79
172
177
76

71
1,216
131
80
592
87
90
198
196
77

-1.73
14.33
5.07
2.04
18.07
11.49
14.38
15.29
10.70
.79

3,282 10,419 9,881
3,512 8,767 10,017
2,756 7,811 8,213
1,692 4,496 4,574
2,538 7,066 7,713
1,805 4,924 5,171
3,382 8,162 9,039
2,656 6,672 7,445
2,600 7,416 7,913
3,378 9,462 9,234

44
42
118
251
152
246
76
166
135
66

Mason
Matagorda
Maverick
Medina
Menard
Midland
Milam
Mills
Mitchell

9
72
26
45
8
261
52
10
23
41

25
283
103
145
23
925
173
40
74
123

-.89
13.41
1.17
7.95
3.23
23.27
12.70
2.52
5.58
15.20

2,649 7,173 6,697
2,451 7,784 8,453
1,368 3,476 3,324
2,338 6,321 6,760
2,986 9,622 10,169
4,129 11,726 13,761
2,642 7,873 8,566
2,353 9,240 9,175
2,403 8,118 8,624
2,799 7,115 8,138

207
104
254
203
38
8
96
68
95
124

Young
Zapata
Zavala

45
6
17

169
26
68

194
31
67

14.78
19.20
-1.33

3,040
1,486
1,639

9,420 10,180
4,073 4,645
5,856 5,725

36
250
235

Montgomery
Moore
..
Morris
Motley
Nacogdoches
Navarro
Newton
Nolan
Nueces
Ochiltree

138
55
36
7
80
85
19
53
721
36

1,061
130
131
18
283
251
66
138
2,135
112

18.64
1,258
9.24
142
17.28
154
16 -15.60
11.96
317
16.54
293
13.50
75
7.07
148
13.64
2,426
8.91
122

2,767 8,679 9,770
4,151 8,102 8,537
3,056 9,025 10,491
3,333 10,301 7,960
2,298 6,194 6,755
2,778 7,304 8,276
1,651 5,118 5,650
3,343 7,984 8,506
3,012 8,068 9,022
3,581 12,253 12,682

46
97
29
132
204
113
237
101
78
17

3,099
2,571
528
9
82
98
43
2
282
15

9,995
8,133
1,862
25
237
323
178
5
996
78

11,249
9,121
2,128
27
267
364
203
6
1,121
92

12.54
12.14
14.27
9.23
12.43
12.67
14.50
22.00
12.54
18.71

2,960
3,084
2,475
2,337
2,965
2,336
2,649
2,800
2,903
2,130

7,058
7,264
6,283
5,824
7,313
5,850
8,055
6,053
7,100
6,092

7,681
7,882
6,922
6,147
8,010
6,350
9,153
7,279
7,633
7,334

22
6
19
1
12
9
10

Oldham
Orange
Palo Pinto
Panola
Parker
Parmer
Pecos
Polk
Potter
Presidio

7
225
104
31
103
68
39
33
313
12

32
700
179
140
305
91
110
148
917
42

35
786
201
156
352
87
119
171
1,012
41

11.05
12.22
12.27
11.32
15.12
-3.92
8.30
16.13
10.47
2.54

3,269 14,312 15,512
3,159 8,471 9,353
4,087 7,588 8,314
1,896 6,998 7,486
3,309 7,232 7,865
6,319 8,440 7,883
2,896 7,755 8,126
2,318 6,238 7,003
2,928 9,390 10,241
2,211 8,252 7,889

7
60
111
164
141
138
126
188
34
136

10
7
21
31
10
6
18
12
3
5

71
21
60
98
29
23
48
34
7
9

79
26
73
107
33
28
52
38
8
9

12.50
23.52
22.56
9.47
15.58
20.40
7.30
10.77
23.10
5.17

1,935
2,241
3,022
2,595
2,215
2,426
2,566
3,165
1,932
3,142

6,772
5,894
7,388
5,822
5,313
5,587
5,418
7,236
5,253
4,451

6,912
6,997
8,854
6,172
6,029
7,007
5,738
7.736
6,209
4,365

17
16
2
21
23
15
26
8
20
29

Rains
Randall

7
191

27
633

31
706

14.51
11.59

1,984
3,582

224
58

1,495
15
26
25
17
68
30
327
14

4,722
53
69
93
67
165
139
1,175
52

5,319
63
73
106
82
191
162
1,287
62

12.64
18.72
4.67
12.90
23.05
15.33
16.56
9.48
20.35

3,285
1,647
2,401
2,565
2,848
3,141
2,407
2,433
2,464

7,868
4,477
5,000
6,507
7,113
6,418
7,033
5,590
6,148

8,571
5,092
4,962
7,148
8,069
7,301
7,893
5,886
7,264

3
27
28
14
5
11
7
25
13

Hockley
Hood
Hopkins
Houston
Hudspeth
Hunt
Hutchinson
Jack
Jasper
Jefferson
Jim Wells
Jones
Kaufman
Kendall
Kent
Kerr
Kimble
King
Kleberg
1
Lamb
Lampasas
La Salle
La vaca
Lee
Leon
Liberty
Limestone
Live Oak
Llano
Loving
Lubbock
McCulloch
McLennan
McMullan
Madison
Marion
Martin

See footnotes at end of table.




25
320
105
157
24
1,140
195
41
79
142

5,555
8,704

6,336
9,383

Utah
SMSA counties
Non-SMSA counties
Beaver
Box Elder
Cache
Carbon
Daggett
Davis
Duchesne
Emery
Garfield
Grand
Iron
Juab
Kane
Millard
Morgan
Piute
Rich
Salt Lake
Sanpete
Summit
Tooele
Uintah
Utah
Wasatch

2,231
2,368
2,376
2,788
1,899
2,143
2,856
2,558
1,918
2,491

April

SURVEY OF CURRENT BUSINESS

69

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years1—Continued

Percent
change

Area title
1969

1979

1980

197980

Millions of dollars

Rank
in
state

Dollars
1969

1979

1980

1969

133
11
1,074

155
12
1,203

16.43
6.53
12.03

2,136
1,881
3,180

5,529
6,160
7,499

5,918
6,354
8,301

24
18
4

1,443
344
1,099
70
104
66
344
15
93
11

3,584
890
2,694
185
245
159
890
34
225
28

4,004
1,005
2,999
208
270
173
1,005
38
248
31

11.71
12.96
11.29
12.11
10.25
8.86
12.96
9.88
10.63
13.22

3,302
3,577
3,225
2,961
3,623
2,942
3,577
2,664
3,007
3,067

7,087
7,861
6,864
6,501
7,386
6,148
7,861
5,662
6,600
6,390

7,810
8,6797,556
7,042
8,072
6,694
8,679
5,932
7,124
6,803

Pittsylvania
Powhatan
Prince Edward
Prince George
Prince William
Pulaski
Rappahannock

9
5
11
1
14
8
10

Roanoke
Rockbridge

41
51
54
170
157
107
160

109
136
131
421
384
257
381

120
150
143
473
429
287
428

10.60
10.77
8.46
12.27
11.82
11.67
12.46

3,155
2,949
2,683
3,283
3,346
3,252
3,649

6,443
6,004
5,555
7,232
7,395
7,021
7,506

7,165
6,591
6,065
8,090
8,169
7,766
8,367

7
12
13
4
3
6
2

15,875
12,260
3,615
68
111
27
17
63
26
1,036

44,930
34,328
10,602
205
377
78
51
181
76
2,408

50,404
38,693
11,711
217
428
82
54
193
82
2,707

12.18
12.71
10.46
5.92
13.55
4.74
5.34
6.39
7.89
12.41

3,441 8,438 9,406
3,801 9,286 10,374
2,604 6,514 7,188
2,312 6,520 6,928
2,989 7,485 8,431
2,143 5,321 5,674
2,213 6,056 6,382
2,438 6,259 6,599
2,641 6,273 6,861
5,922 15,626 17,690

79
48
125
97
90
85
2

Augusta
Bath
Bedford
Bland
Botetourt
Brunswick
Buchanan
Buckingham
Campbell
Caroline

121
12
74
11
49
34
61
20
128
35

340
43
224
31
143
82
282
58
327
113

372
43
250
34
160
88
319
62
355
124

9.61
1.45
11.78
8.82
12.08
6.68
12.95
6.79
8.82
9.99

2,747
2,396
2,784
1,987
2,673
2,099
1,882
1,863
2,994
2,498

6,428
7,581
6,513
4,831
6,217
5,124
7,373
4,959
7,213
6,123

6,913
7,367
7,139
5,281
6,881
5,598
8,366
5,277
7,807
6,901

81
69
72
133
84
126
49
134
60
82

Carroll
Charles City
Charlotte
Chesterfield
ClarkeCraig
Culpeper
Cumberland
Dickenson
Dinwiddie

47
12
29
289
23
9
50
12
31
53

135
33
68
1,224
72
23
161
36
119
142

147
35
72
1,417
83
24
180
40
134
159

9.26
8.59
6.46
15.81
15.97
7.50
12.25
10.50
12.65
11.55

2,035
2,040
2,315
3,893
2,820
2,487
2,737
1,956
1,910
2,427

4,959 5,393
4,845 5,288
5,477 5,885
9,124 10,002
7,175 8,347
5,868 6,131
7,023 7,957
4,786 5,094
5,884 6,739
6,441 7,002

131
132
121
22
50
108
58
135
87
77

17
2,145
86
23
18
72
66
45
45
26

49
7,044
283
58
58
203
226
111
145
88

53
8,021
322
65
64
219
253
123
161
97

7.84
13.87
13.73
11.01
11.42
8.05
11.92
10.77
11.00
9.86

2,418 5,397 5,939
4,891 12,127 13,403
3,235 8,045 8,941
2,303 5,044 5,565
2,390 5,698 6,258
2,538 5,656 6,114
2,803 6,727 7,385
2,659 6,177 6,916
3,199 7,349 7,999
2,529 7,475 8,186

118
5
36
127
105
109
68
80
56
53

Grayson
Greene
Greensville
Halifax
Hanover
Henrico
Henry
Highland
Isle of Wight
James City

32
12
18
64
127
620
146
6
50
42

81
39
47
155
444
1,879
375
21
138
134

91
44
49
168
496
2,108
412
20
154
150

12.07
12.33
4.30
7.96
11.80
12.20
10.10
-1.24
11.47
11.99

2,040 5,015 5,470
2,288 5,308 5,784
1,891 4,399 4,511
2,097 5,042 5,503
3,461 8,676 9,815
4,069 10,464 11,638
2,910 6,463 7,136
2,324 7,532 6,890
2,747 6,319 7,125
2,433 6,193 6,590

130
124
136
129
24
9
73
83
74
91

King and Queen
King George
King William
Lancaster
Lee
Loudoun
Louisa
Lunenburg
Madison
Mathews
Mecklenburg
Middlesex....
Montgomery
Nelson
New Kent
Northampton
Northumberland
Nottoway
Orange
Page
Patrick

13
30
22
24
32
142
29
28
19
19
72
14
122
24
14
30
21
36
45
41
37

36
84
67
80
133
567
102
67
55
54
177
49
340
67
55
85
67
88
128
114
95

39
92
73
91
145
653
113
71
62
60
193
55
383
75
61
89
72
93
142
125
104

6.75
9,39
8.32
13.42
9.00
15.09
11.00
6.13
12.53
10.75
9.20
12.48
12.47
10.86
11.23
4.34
7.40
6.26
10.86
9.96
8.40

2,316 5,972
3,744 8,203
2,900 7,343
2,638 7,742
1,562 5,104
3,912 10,052
2,092 5,599
2,334 5,476
2,205 5,306
2,576 6,663'
2,427 5,862
2,208 6,572
2,645 5,433
2,050 5,408
2,623 6,606
2,075 5,672
2,285 6,830
2,512 5,987
3,233 7,117
2,444 5,867
2,431 5,405

94
42
62
35
128
11
100
123
116
66
93
75
115
110
78
112
70
98
59
96
122

Vermont
SMSA counties
Non-SMSA counties
Addison
Caledonia
Chittenden
r^ssex...
Grand Isle
Lamoille
Orange
P ,j ,
tiT j*n _!'
Windham
Windsor
Virginia
SMSA counties
Non-SMSA counties
Accomack
Albemarle
Alleghany
Amelia
Amherst
Appomattox
Arlington

Essex
Fairfax
Fauquier
Floyd
Fluvanna
Franklin
Frederick
Giles
Gloucester
Goochland

See footnotes at end of table.




1979

1980

1980

6,495
8,673
7,757
8,960
5,563
11,340
6,338
5,831
6,002
7,462
6,535
7,119
6,013
6,104
6,983
6,083
7,330
6,356
7,933
6,428
5,873

Rank
in
state

Dollars

Percent
change

Area title

28
3
399

Washington
Wayne
Weber

Per capita personal income

Total personal income

Per capita personal income

Total personal income
Millions of dollars

1969

1979

1980

8.42
13.51
8.89
9.47
13.07
7.03
12.13
6.29
11.11
4,51-

2,225
2,328
2,562
3,261
3,455
2,770
2,556
2,499
3,386
2,407

5,469
5,634
5,733
5,389
8,531
6,078
6,958
6,030
7,938
5,977

5,942
6,291
6,225
5,902
9,500
6,624
7,774
6,305
8,782
6,241

117
103
107
119
28
89
61
101
39
106

197980

1980

132
18
37
83
365
82
13
16
222^
40

363
73
94
139
1,219
219
42
41
578
107

394
82
103
152
1,378
234
47
44
642
112

Stafford
Surry
Sussex

131
47
54
62
76
39
45
71
13
26

381
173
151
182
185
110
194
301
34
68

431
194
158
201
202
118
223
349
37
73

13.13
11.92
5.11
10.45
9.42
6.58
14.77
15.64
6.19
7.01

2,763
1,897
2,208
2,711
2,404
2,088
2,741
2,927
2,207
2,243

6,634
5,525
5,957
6,634
5,478
5,942
5,828
7,676
5,696
6,199

7,533
6,096
6,304
7,261
6,049
6,263
6,454
8,593
6,024
6,690

65
111
102
71
113
104
95
45
114
88

Tazewell .
Warren
Washington
Westmoreland
Wise
Wythe
York

101
47
87
27
77
54
113

371
138
252
83
342
157
270

413
158
275
89
378
173
300

11.33
14.74
9.01
7.32
10.76
10.06
11.09

2,488
3,068
2,417
2,196
2,103
2,421
3,493

7,309
6,550
5,520
5,980
7,776
6,206
7,778

8,157
7,457
5,898
6,345
8,604
6,745
8,436

54
67
120
99
44
86
47

560
22
52
18
146
250
16
60
37
152

1,457
56
150
44
380
813
44
167
85
359

1,651
64
163
44
434
913
45
190
94
399

13.28
13.71
8.52
1.18
14.32
12.31
1.57
14.09
10.50
10.98

5,082 14,189 15,955
3,672 9,490 10,622
2,608 7,821 8,534
2,784 6,350 6,545
3,795 8,485 9,623
2,850 7,097 7,970
2,818 8,562 8,918
4,075 9,918 11,496
3,628 9,343 10,326
3,245 7,831 8,716

3
14
46
92
27
57
37
10
18
41

16
94
60
25
56
23
408
52
79
21

44
265
153
70
163
57
1,003
143
192
57

49
308
173
78
183
63
1,121
161
217
61

12.68
16.24
12.49
12.36
12.26
12.16
11.77
12.45
12.91
6.29

3,088 9,028 10,195
4,457 14,324 15,831
5,596 16,652 18,103
3,632 9,360 10,664
3,865 10,198 11,915
3,627 8,785 9,707
3,428 8,076 9,119
3,586 7,328 8,142
3,380 8,135 9,242
2,809 7,725 8,291

19
4
1
13
8
25
33
55
30
52

204

612
189
59
184
1,255
2,346
49
366
67
870

11.75
17.75
10.32
11.09
12.98
12.62
10.03
11.42
13.35
12.35

3,755

333

548
160
54
166
1,111
2,083
45
328
59
774

8,146 9,150
11,017 12,190
8,033 9,099
8,743 10,127
7,517 8,642
7,737 8,768
9,633 10,341
7,713 8,887
7,085 7,649
7,380 8,297

32
7
34
20
43
40
16
38
63
51

34
1,045
332
76
26
85
123
564
64
35
70

85
2,172
866
214
60
195
332
2,143
145
115
189

94
2,433
974
238
67
220
364
2,424
163
129
209

10.60
12.00
12.55
11.18
11.45
12.97
9.71
13.15
11.98
12.21
10.80

2,951 6,453 7,100
4,162 9,805 11,071
3,571 8,490 9,681
3,467 8,782 9,908
3,827 8,521 9,468
3,453 8,799 10,033
2,724 6,731 7,624
3,344 8,423 9,225
3,858 9,115 10,582
3,813 10,804 13,020
3,539 9,064 10,332

76
12
26
23
29
21
64
31
15
6
17

13,269
11,055
2,213
49
41
242
147
112
449
22

37,831
31,176
6,656
112
126
1,047
430
436
1,636
44

42,869
35,302
7,567
136
141
1,165
476
495
1,846
50

13.32
13.24
13.69
20.87
12.48
11.29
10.69
13.55
12.80
14.63

3,969 9,428 10,355
4,091 9,667 10,605
3,456 8,446 9,330
4,395 8,186 10,195
3,058 7,629 8,372
3,719 10,075 10,624
3,698 9,682 10,544
3,285 8,718 9,554
3,537 8,770 9,579
4,915 11,218 12,420

9
33
5
6
18
17
4

239
56
11
87
14
137
201
84
32
5,381

709
170
35
292
25
349
598
337
129
14,003

797
187
39
326
32
408
674
388
147
16,023

12.36
9.62
11.91
11.57
24.98
16.98
12.69
15.16
13.85
14.43

3,516 9,080 9,996
3,413 7,798 8,410
3,109 6,120 6,690
3,385 8,601 9,290
4,952 9,789 12,872
3,469 7,312 8,392
3,447 9,091 10,142
3,322 8,083 8,783
3,152 8,555 9,206
4,710 11,333 12,589

12
31
38
20
2
32
10
27
22
3

396
68
38
145

1,327
179
121
477

1,490
203
137
535

12.25
13.76
13.08
12.13

3,911
2,786
3,091
3,218

9,432 10,140
7,225 8,153
7,959 8,609
8,871 9,653

11
35
30
15

Russell
Scott
Shenandoah
Smyth
Southampton

Independent Cities:
Alexandria
Bedford Citv
Bristol
Charlottesville
Chesapeake
Clifton Forge
l
P °. ,
° s
D
'11
Fairfax City
Falls Church
Franklin
Galax
Harrisonburg
Lexington
M

2

Manassas Park 2
Newport News
Norfolk
Norton
Petersburg
Portsmouth
R^ Vi
"H
P
i
Salem
South Boston
Staunton
Suffolk

Waynesboro
Williamsburg
Washington
SMSA counties
Non SMSA counties
Asotin
Chelan
Clallam
Clark

.

Cowlitz
Ferry . .
Franklin
Garfield
Grant
Grays Harbor
Island
Jefferson
King
Kitsap
Kittitas
Klickitat .
Lewis

76"
489
1,018
13
140

3,841
3,487
3,562
3,224
3,130

2,656

SURVEY OF CURRENT BUSINESS

70

April

Table 2.—Total Personal Income and Per Capita Personal Income by
County for Selected Years 1 — Continued
Total personal income
Millions of dollars
Area title
1969

1979

Dollars

1980

197980

1969

1979

Rank
in
state

126
272
280
166
55
4,529
80
640
63
3,113

24.19
14.55
9.32
8.95
10.52
12.45
15.93
12.81
19.71
12.67

5,158 10,849 13,073
3,405 7,962 8,718
3,424 8,577 9,132
3,443 8,969 9,605
2,656 5,836 6,358
3,852 8,512 9,305
4,216 9,103 10,238
3,572 9,235 9,957
2,872 7,053 7,974
3,653 8,545 9,216

1
29
23
16
39
19
7
13
36
21

Spokane
Stevens
Thurston
Wahkiakum
Walla Walla
Whatcom
Whitman
Yakima

971
51
289
11
145
263
131
456

2,748
193
1,126
32
397
861
269
1,345

3,082
212
1,274
34
462
941
330
1,512

12.15
9.98
13.17
6.63
16.35
9.31
22.77
12.44

3,523
2,964
3,835
3,273
3,593
3,261
3,599
3,224

8,203 8,994
7,191 7,314
9,445 10,227
8,417 8,812
8,575 9,721
8,250 8,802
6,868 8,216
7,956 8,743

24
37
8
25
14
26
34
28

West Virginia
SMSA counties
Non-SMSA counties ..
Barbour
Berkeley
Boone
Braxton
Brooke
Cabell. v
Calhoun

4,776
2,252
2,525
30
110
53
22
92
352
12

13,947
5,993
7,954
104
326
212
67
251
879
40

15,270
6,502
8,768
114
361
239
76
267
963
45

9.49
8.49
10.24
9.71
10.75
12.52
13.95
6.27
9.58
12.07

2,735
3,279
2,383
2,183
2,919
2,126
1,771
3,171
3,315
1,627

7,192
8,343
6,516
6,440
7,185
6,862
4,833
8,226
8,171
4,993

7,814
8,974
7,130
6,845
7,690
7,816
5,448
8,556
8,996
5,486

28
14
13
50
6
4
49

Clay
Doddridge
Fayette
Gilmer . . . . . .
Grant
Greenbrier
Hampshire
Hancock
Hardy
Harrison

15
11
115
14
17
74
23
146
17
216

51
35
368
43
58
231
80
397
55
585

58
40
398
48
66
252
86
423
60
629

12.91
13.82
8.24
11.86
15.35
8.84
7.44
6.60
8.07
7.56

1,690
1,692
2,327
1,882
1,951
2,302
1,910
3,677
1,852
2,971

4,774 5,136
4,692 5,322
6,319 6,870
5,313 5,803
5,748 6,495
6,242 6,662
5,450 5,776
9,906 10,438
5,578 5,928
7,550 8,077

54
51
26
44
36
31
45
1
42
9

Jackson
Jefferson
Kanawha
Lewis
Lincoln
Logan
McDowell
Marion
Marshall
Mason

55
58
799
41
32
108
110
185
114
60

191
197
2,164
113
114
344
347
491
301
180

215
221
2,334
127
126
388
370
539
309
190

12.69
12.57
7.84
11.88
10.67
12.74
6.59
9.71
2.50
5.39

2,528
2,674
3,487
2,228
1,679
2,339
2,194
3,014
2,986
2,462

7,627 8,307
6,785 7,292
9,367 10,060
5,883 6,726
4,879 5,307
6,699 7,633
6,791 7,403
7,445 8,171
7,320 7,409
6,818 7,003

7
22
2
29
52
16
20
8
19
25

Mercer
Mineral
Mingo
Monongalia
Monroe
Morgan
Nicholas
Ohio
Pendleton
Pleasants

164
62
61
167
23
20
52
227
13
18

501
155
231
505
66
60
186
530
38
61

565
173
263
570
73
66
207
576
41
65

12.76
11.67
13.76
12.88
10.58
9.66
11.71
8.67
6.96
6.44

2,584
2,637
1,842
2,678
2,124
2,361
2,331
3,614
1,877
2,447

6,711
5,774
6,250
6,783
5,223
5,667
6,623
8,563
4,988
7,434

7,621
6,344
7,035
7,578
5,629
6,140
7,358
9,361
5,186
7,837

17
37
23
18
48
38
21
3
53
12

Pocahontas
Preston
Putnam
Raleigh
Randolph
Ritchie
Roane
Summers
Taylor
Tucker

16
54
75
170
55
22
27
27
32
15

55
186
261
636
175
63
86
82
93
44

59
203
293
693
198
70
96
90
100
50

6.04
9.12
11.96
8.99
12.76
10.30
11.91
9.41
8.13
11.96

1,850
2,160
2,641
2-.418
2,238
2,161
1,863
2,044
2,209
2,024

5,594
6,225
7,159
7,326
6,142
5,517
5,404
5,276
5,733
5,111

5,895
6,656
7,647
7,963
6,861
6,094
6,031
5,649
6,043
5,696

43
32
15
10
27
39
41
47
40
46

Tyler
TJpshur .
Wayne
Webster
Wetzel
Wirt
Wood
Wyoming

26
38
95
16
61
9
279
68

70
144
276
55
162
30
748
223

74
165
308
61
173
32
824
238

5.99
14.87
11.49
12.44
7.19
8.02
10.18
7.12

2,545
2,009
2,415
1,629
3,109
2,014
3,260
2,228

6,217
6,224
6,104
4,479
7,346
6,120
8,081
6,072

6,545
7,020
6,680
5,000
7,900
6,535
8,778
6,608

34
24
30
55
11
35
5
33

15,603
11,515
4,088
20
43
88
26
511
38
20

40,394
29,010
11,384
65
119
279
77
1,473
110
68

44,400
31,893
12,508
72
127
306
85
1,640
117
77

9.92
9.94
9.87
10.52
7.21
9.66
10.37
11.30
5.89
13.70

3,564
3,866
2,922
2,211
2,515
2,550
2,209
3,362
2,742
2,175

8,657 9,413
9,271 10,115
7,407 7,997
4,825 5,313
7,288
7,331
5,667 6,109
8,507 9,332
7,584 8,126
5,687 6,250

71
43
38
69
12
30
67

89
134

255
350

271
393

6.19
12.31

3,293
2,891

8,445
6,802

8,766
7,574

23
42

Buffalo
Burnett
Calumet
Chippewa

m

*1 Less than $500,000.
Detail may not add to higher levels totals because of rounding. Percent change was
calculated
from unrounded data.
2
The Virginia independent cities of Manassas, Manassas Park, and Poquoson did not exist m
1969.




change
1979

1969

101
238
257
152
49
4,028
69
567
53
2,763

Bayfield

Area title

Rank
in
state

Dollars

Per-

1980

197980

1980

49
68
85
52
16
1,562
15
183
16
960

Wisconsin
SMSA counties
Non-SMSA counties
Adams
Ashland

Millions of dollars

1980

Lincoln ...
Mason
Okanogan
Pacific
Pend Oreille
Pierce
San Juan
Skagit
Skamania
Snohomish

Per capita personal income

Total personal income

Per capita personal income
Percent
change

1969

1979

1980
1980

78
135
38
1,128
215
60
128
73
232
7
289
15
144
103

219
347
102
3,008
609
208
332
220
570
24
719
45
402
275

235
389
114
3,362
665
233
370
236
637
26
783
51
436
299

7.36
11.89
11.58
11.77
9.35
12.10
11.16
7.49
11.84
6.99
8.88
12.88
8.37
8.74

2,517 |
3,432
2,442
4,031
3,139
2,942
2,797
2,520
3,574
2,202
3,484
1,983
2,971
3,869

6,756 7,125
8,188 8,968
6,319 6,871
9,458 10,364
8,259 8,882
8,505 9,280
7,414 8,300
6,565 6,875
7,315 8,069
6,214 6,233
8,154 8,780
5,150 5,621
7,851 8,387
9,350 9,945

56
18
60
4
20
13
28
59
32
68
22
70
27
7

Kewaunee
La Crosse
Lafayette .

60
60
15
38
204
52
413
54
260
55

153
139
42
114
542
138
1,150
147
724
146

166
153
45
125
598
156
1,268
158
823
152

8.23
10.16
7.68
9.79
10.38
12.69
10.22
7.49
13.64
4.27

3,544
3,084
2,292
2,480
3,464
2,815
3,499
2,832
3,237
3,040

8,353 9,018
7,063 7,710
6,315 6,629
6,835 7,388
8,267 9,017
6,745 7,395
9,351 10,274
7,619 8,067
7,874 9,012
8,315 8,725

15
41
63
46
16
45
5
33
17
24

Langlade
Lincoln
Manitowoc
Marathon
Marinette
Marquette
Milwaukee
Monroe
Oconto
Oneida

46
62
262
295
93
24
4,420
88
62
71

124
178
674
846
284
72
9,393
251
190
222

138
193
735
919
315
79
10,321
282
208
251

11.67
8.41
9.00
8.58
10.89
9.01
9.88
12.29
9.63
13.12

2,304
2,595
3,182
3,051
2,615
2,720
4,183
2,733
2,384
2,916

6,286 6,895
6,924 7,326
8,170 8,838
7,654 8,240
7,485 7,985
6,448 6,720
9,663 10,665
7,273 7,995
6,698 7,170
7,238 8,023

58
49
21
29
36
62
3
35
55
34

Outagamie
Ozaukee
Pepin
Pierce
Polk
Portage
Price
Racine..
Richland
Rock

413
233
19
81
75
128
35
644
45
488

1,124
749
50
230
221
405
102
1,637
117
1,202

1,245
822
55
249
241
451
114
1,775
129
1,281

10.80
9.74
10.66
8.46
9.10
11.39
11.93
8.44
10.07
6.62

3,541 8,881 9,650
4,447 11,304 12,245
2,522 6,708 7,329
3,099 7,464 7,974
2,767 7,030 7,447
2,797 7,230 7,840
2,373 6,578 7,225
3,783 9,503 10,229
2,664 6,836 7,346
3,760 8,597 9,170

10
1
48
37
44
39
53
6
47
14

Rusk
St Croix
Sauk
Sawyer
Sheboygan
Taylor
Trempealeau
Vernon
Vilas
Walworth

29
103
141
21
347
37
63
60
27
212

89
321
341
72
904
125
175
170
98
551

99
356
370
82
985
137
191
188
110
607

10.41
10.78
8.62
13.75
8.92
9.18
9.17
10.62
11.28
10.24

2,003
3,056
3,685
2,160
3,635
2,111
2,636
2,416
2,536
3,410

6,305
8,087
8,492
6,335
9,733
7,239
7,277
7,320
6,613
8,472

66
31
25
65
9
52
51
50
64
26

Washburn
Washington
Waukesha
Waupaca
Waushara
Winnebago
Wood
Shawano (incl. Menominee)
.

26
237
973
112
40
468
212

82
755
3,043
299
115
1,172
587

91
814
3,321
332
127
1,290
650

11.57
7.71
9.15
10.91
10.33
10.11
10.68

2,430 6,310 6,913
3,816 9,100 9,568
4,339 11,110 11,819
2,933 7,057 7,723
2,668 6,395 6,835
3,684 8,956 9,772
3,346 8,268 8,904

57
11
2
40
61
8
19

Clark
Columbia
Crawford
Dane
Dodge
Door
Douglas
Dunn
Eau Claire
Florence
Fond du Lac
Forest
Grant
Green
Green Lake
Iowa
Iron
Jackson
Jefferson
Juneau

,

5,932
7,572
7,936
5,693
8,975
6,704
6,725
6,623
6,011
7,726

84

254

284

11.81

2,264

6,458

7,201

54

1,139
215
924
69
29
38
50
21
15
78

4,427
874
3,553
215
85
235
217
128
51
318

5,132
1,013
4,119
250
97
286
253
155
55
365

15.92
15.97
15.91
16.21
13.31
21.62
16.91
21.53
9.42
14.51

3,462
4,239
3,320
2,645
2,862
2,858
3,844
3,612
3,226
2,806

9,798
12,785
9,266
7,485
7,202
10,639
10,645
10,242
9,537
8,336

10,875
14,072
10,300
8,592
8,105
11,720
11,540
11,014
10,398
9,038

21
22
4
5
8
11
19

Goshen ..
Hot Springs
Johnson
Laramie
Lincoln
Natrona
Niobrara
Park
Platte
Sheridan

30
16
18
210
28
215
11
58
21
68

95
46
55
662
99
874
27
202
79
239

105
54
62
751
115
1,013
28
225
93
266

9.50
17.21
13.65
13.53
16.29
15.97
6.12
11.67
16.93
11.38

2,843 8,211 8,664
3,233 8,555 9,447
3,264 8,487 9,225
3,778 9,566 10,916
3,261 8,517 9,414
4,239 12,785 14,072
3,873 8,833 9,691
3,323 9,600 10,385
3,365 7,664 7,735
3,803 9,868 10,610

20
14
17
9
15
1
13
12
23
10

Sublette
Sweetwater
Teton
Uinta
Washakie
Weston

12
59
24
23
24
21

48
409
102
89
80
72

52
503
115
119
88
80

7.97
22.99
13.47
33.48
10.30
10.35

3,203 11,123 11,436
3,227 10,320 12,016
4,978 10,739 12,315
3,219 7,563 9,142
3,191 8,810 9,289
3,446 9,955 11,193

6
3

Wyoming
SMSA counties
Non-SMSA counties
Albany
Big Horn
Campbell
Carbon
Converse
Crook
Fremont ...

ll7

3
The 1979 and 1980 personal income estimates for Greenwood, Kansas have been suppressed
because of an estimating error in farm income which was discovered too late for correction in
this publication. The corrected estimates will be provided on request.

SOON TO BE
RELEASED
1^75-80
Personal Income Statistics for
> U.S.
>

REGIONS

>

STATES

> COUNTIES
> SMSA's
>

BEA ECONOMIC
AREAS

Total Personal Income
By Type of Income




Per Capita Personal Income

For further information write:
Regional Economic Measurement Division BE-55
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230

Labor and Proprietor's Income
By Industry Group

72

SURVEY OF CURRENT BUSINESS

April

'The Social Security Contributions Equations of the
BEA Quarterly Model"

RECENTLY developed equations of
the BEA quarterly econometric model
that determine social security contributions incorporate the results of research on the size distribution of
earnings of U.S. workers. Sections IIIV of this paper, which is by Christian Ehemann, outline the underlying
theory and present econometric estimates of these equations. Section V
presents the results of full-model simulations that estimate the effects of
alternative policies designed to improve the financial condition of the
social security trust funds.
Separate regression equations were
developed for social security contributions of private- and governmentsector employees. For contributions
originating in the private sector, the
principal problem in specifying the
equation is to explain the share of
wages and salaries that is taxable
(that is, the share that is below the
maximum taxable "wage base"). This
share depends on both the level of the
wage base and the size distribution of
earnings. A key step in solving this
specification problem is to hypothesize a particular form of the earn-




ings density function that is shown to
be consistent with cross-section earnings data. This form leads to a nonlinear regression equation for social security contributions. The regression
equations for social security contributions originating in the government
sector recognize, in addition, that a
substantial portion of government employees are not covered by the program.
Estimating these regressions from
time-series data gave good statistical
results. An important implication of
the estimated parameters is that
much larger relative increases in the
wage base than in the contribution
rate are required to yield a given increase in contributions.
The full BEA quarterly model was
used to simulate over a 5-year period
the macroeconomic effects of four alternative policies that might be used
to reduce or eliminate the operating
deficits of social security trust funds.
The policies are: (1) increasing employer-employee contribution rates, (2)
increasing the wage base, (3) transferring the proceeds of an increase in
personal income taxes to the trust

funds, and (4) reducing social security
benefits (e.g., through smaller cost-ofliving increases or raising the retirement age). In each simulation, the relevant policy variable is increased or
decreased by a fixed amount relative
to the (history replicating) baseline solution. The magnitudes of these
changes were chosen so that, in each
case, the operating deficit of the trust
funds is reduced $5 billion (direct
effect) in the first year. The effect of
each policy on major macroeconomic
variables—including real GNP and
unemployment and inflation rates—is
measured at selected intervals over
the 5-year period. Each policy has significant unfavorable effects, underscoring the difficulty of choosing an
acceptable policy. However, the effects of policies (1) and (2) are the
most unfavorable, primarily due to inflationary effects, and policy (4) produces slightly less unfavorable results
than policy (3).
Copies of this paper are available
upon request by writing to: Ms. Rose
Janifer, Bureau of Economic Analysis
(BE-52), U.S. Department of Commerce, Washington, B.C. 20230.

U.S. GOVERNMENT PRINTING OFFICE : 1982 0 - 371-676 : QL 3

See p. S-35for a notice about a change in this
^
section.

CURRENT BUSINESS STATISTICS

THE STATISTICS here update series published in the 1979 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT
BUSINESS. That volume (available from the Superintendent of Documents for $9.50, stock no. 003-010-00089-9) provides a description of each series, references to
sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1975 through 1978, annually, 1947-78; for selected series, monthly
or quarterly, 1947-78 (where available).
The sources of the series are given in the 1979 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed
alphabetically on pages 171-172. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are
provided through the courtesy of the compilers, and are subject to their copyrights.

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1982

1981

1981

1980

Mar.

Feb.

Annual

Apr.

May

June

July

Sept.

Aug.

Nov.

Oct.

Mar.

Feb.

Jan.

Dec.

GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
bil. $..
Wage and salary disbursements, total
do....
Commodity-producing industries, total.... do....
Manufacturing
do....
Distributive industries
do....
Service industries
do
Govt.^and govt. enterprises
do....
Other labor income
do....
Proprietors' income: $
Farm
do....
Nonfarm
do....
Rental income of persons with capital
consumption adjustment
Dividends
Personal interest income
Transfer payments
Less: Personal contrib. for social insur
Total nonfarm income

bil $
do....
do
do....
do....
do....

2,384.3 2,419.2 2,443.4 2,462.6 2,475.2 2,492.4
1,467.3 1,473.9 1,484.9 1,500.3 1,510.3 1,517.5 1,527.7
522.2
522.5
522.4
521.2
517.0
511.5
508.1
391.8
393.9
395.4
394.7
391.7
388.8
387.8
371.7
368.5
369.3
365.9
360.7
358.7
357.7
350.4
344.6
341.4
339.6
334.4
332.2
330.9
283.4
281.9
277.2
273.6
272.8
271.7
270.5
160.4
159.2
157.8
156.3
154.8
153.0
151.6

2,404.1
1,482.7
512.7
387.3
361.1

2,318.2

2,340.4

2,353.8

1,442.8
500.3
377.2
352.6

1,459.6
504.8
383.7
357.0

3350
273.9
154.1

322.6
267.2
148.0

1,452.8
503.2
379.4
354.8
3265
268.4
149.5

23.4
107.2

22.4
112.4

18.7
112.6

18.2
114.2

318
54.4
2563
294.2
87.9
2,112.6

33.6
61.3
3085
333.2
104.2
2,353.5

33.9
33.7
33.5
33.3
327
32.9
33.1
63.0
62.4
61.1
60.2
58.3
59.4
58.2
315.7
309.2
304.1
300.6
289 1
297.9
295.2
341.7
341.9
326.5
323.5
318.4
321.9
322.5
105.2
104.3
103.3
103.1
102.3
102.6
102.9
2,273.2 2,295.4 2,306.4 2,318.1 2,333.1 2,366.4 2,389.3

2,160.2
338.5
1,821.7
1,720.4
1,672.8
211.9
675.7
7852

2,404.1
388.2
2,016.0
1,908.4
1,857.8
232.0
743.2
8826

2,318.2 2,340.4 2,353.8 2,367.4 2,384.3 2,419.2 2,443.4 2,462.6
405.4
393.7
400.2
388.0
378.2
382.5
371.6
375.1
1,946.6 1,965.4 1,975.6 1,984.9 1,996.3 2,025.5 2,043.2 2,057.3
1,855.6 1,873.2 1,869.6 1,875.5 1,891.9 1,916.1 1,945.5 1,943.6
1,806.9 1,824.1 1,820.0 1,825.7 1,841.6 1,865.6 1,894.3 1,891.7
233.4
245.2
230.0
226.1
226.4
237.7
229.4
240.5
754.6
752.5
746.8
740.6
731.5
733.9
726.9
729.6
903.8
896.6
888.8
874.9
867.9
8539
856.6
8424

464

495

477

482

48.6

48.8

49.3

49.6

50.3

50.9

51.2

51.2

51.3

51.4

51.6

51.5

1.2
1013

1.0
1076

1.0
910

1.0
92.2

1.0
106.0

1.0
109.4

1.0
104.4

1.0
109.3

1.0
97.7

1.0
113.7

1.0
133.6

1.0
130.2

1.0
120.1

1.0
109.6

1.0
104.8

1.0
121.8

5.6

5.3

4.6

4.9

5.2

5.4

5.4

5.1

5.2

5.6

6.1

6.1

5.7

5.3

5.3

328.4
269.4
150.9

20.2
113.0

2,367.4

2,492.0 r2,499.0 r2,514.3 2,524.8
1,542.2 1,543.3
1,522.4 1,531.4
r
521.1
519.0 rr523.4
518.2
390.9
392.1
387.3
'387.9
r
374.1
371.9 '374.6
368.4
r
354.0 ••357. 1 359.8
351.2
288.3
'287.2
284.6
162.7
163.8
164.9
161.7

2,160.2
1,343.7
465.4
350.7
328.9
2957
253.6
137.1

21.7
112.2

23.2
112.2

24.4
112.2

25.2
112.4

24.4
112.5

24.9
111.9

24.7
111.4

34.5
34.3
34.1
64.1
63.9
63.5
328.9
326.3
322.3
347.4
343.6
343.0
106.8
106.3
105.5
2,409.0 2,420.6 2,437.6

23.7
111.0

,21.1
110.6

18.2
110.8

34.8
34.7
34.8
64.8
64.3
64.5
r
r
338.4
330.8
333.1
349.9 r351.2 r352.7
110.5 r 111.4
106.6
2,437.8 r2,446.9 2,464.7

15.3
110.9
34.8
64.8
343.9
358.5
111.7
2,477.5

DISPOSITION OF PERSONAL INCOME *
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods ....
Services
Interest paid by consumers to
business
Personal transfer payments to
foreigners (net)

bil. $..
do....
do....
do....
do....
do....
do....
do
do
do....

Equals* personal saving
do
Personal saving as percentage of disposable
personal income §
percent..
Disposable personal income in constant (1972)
dollars
bil $
Personal consumption expenditures in
constant (1972) dollars
do....
Durable goods
do
Nondurable goods
do....
Services .' .
do....
Implicit price deflator for personal consumption
expenditures
index 1972 — 100
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output

1 018 4

r
2,514.3 2,524.8
2,475.2 2,492.4 2,492.0 '2,499.0
397.4
399.5
399.8 r r394.9 r r399.9
394.8
2,080.4 2,092.9 2,092.1 2,104.1 r2,114.4 2,127.4
1,946.8 1,962.7 1,972.0 1,994.5 2,009.7 2,005.6
1,957.0 1,953.1
1,894.6 1,910.6 1,919.7 1,942.0
r
234.1
237.4 rr238.8
226.7
226.2
226.3
r
766.8
771.5
759.9
761.7
764.0
755.2
r
944.7 r946.7
952.1
922.6
928.9
913.1

r

1 040 4 1 034 1 1 035 3 1 036 8 1 036 5 1 037 3 1 041 6 1 045 5 1 043 7 1 048 4 1 0496 1 045 6 1 043 0 10485

9351
1358
358.4
440.9

958.9
1394
367.3
452.2

959.8
1468
365.5
447.6

960.9
147.7
363.1
450.1

955.1
139.6
366.5
449.0

953.4
136.6
365.5
451.3

956.9
136.0
368.9
452.0

959.4
137.0
368.7
453.6

969.3
145.8
370.1
453.4

959.7
138.0
367.7
454.0

954.8
133.1
367.0
454.7

958.2
133.2
369.2
455.8

959.4
133.1
370.1
456.2

'962.6
137.6
r
365.6
r
459.4

970.4
139.2
372.1
459.1

1789

1937

1883

1898

1906

1915

1925

194.5

195.4

197.1

198.4

199.4

200.1

r

201.7

201.7

147.0

151.0

151.7

152.7

151.5

152.6

156.5

151.0

155.4

155.8

152.4

146.4

139.1

136.6

"142.0

141.5

!55.0

158.1
150.7
1643
141.3

154.4
152.5
1648
144 1

145.2
152.4
1653
143.4

145.5
153.4
166 1
144.7

155.6
156.6
170.5
147.0

161.4
149.5
163.9
139.5

164.1
154.3
172.2
142.0

156.8
155.5
173.4
143.1

152.5
152.4
169.3
140.7

152.0
145.6
161.0
134.9

155.2
137.0
149.4
128.4

164.3
132.9
146.7
123.3

"158.6

150.4
1648
1405

"139.9
"154.3
"130.0

152.6
140.2
154.7
130.2

151.0

151.8

152.1

151.9

152.7

152.9

153.9

153.6

151.6

149.1

146.3

143.4

140.6

"142.3

141.2

1506
1495
!47.9

1502
1482
147.8

1507
1490
148.3

1513
1499
148.9

1523
151 3
150.7

1522
1514
150.3

1530
152 1
150.7

152.6
1515
149.6

151.0
1500
147.8

149.4
148.9
146.5

147.5
147.2
144.0

146.2
146.3
142.0

142.9
142.8
139.7

"144.7
"144.6
"141.8

143.9
143.9
141.4

Not Seasonally Adjusted
Total index
By industry groupings:
Mining and utilities

1967-100..

Total index
By market groupings:
Products total
Final products
Consumer

.
ffoods

See footnotes at end of tables.

3 7 1 - 6 7 6 0 - 82 -




do....
do
do...

149.5
146.7
1612
1367

do-

147.0

do....

Manufacturing
Nondurable manufactures
Durable manufactures
Seasonally Adjusted

SI

.

do
do
do...

1467
1453
145.4

r

r

S-l

S-2

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

123.2
119.2
87.5
78.1

119.9
109.0
71.6
61.3

"125.3
"117.1
"82.0
"70.5

e

125.4

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Seasonally Adjusted —Continued
By market groupings—Continued
Final products—Continued
Durable consumer goods .
Automotive products
Autos and utility vehicles
Autos

1967 — 100 .
do....
do....
do

136.7
132.8
110.1
103.6

140.5
137.9
111.2
103.4

141.2
133.9
108.5
101.1

143.6
139.2
116.1
107.8

144.3
142.9
120.2
113.2

147.3
151.8
129.1
120.0

147.9
153.1
131.4
122.2

146.5
147.6
123.0
118.1

142.5
137.6
107.8
104.0

140.4
139.1
110.0
103.3

136.3
132.8
101.7
92.5

129.7
121.7
88.9
81.1

!26.0
123.1
e
91.3
e
79.8

do....

138.9

142.0

145.2

146.1

145.0

144.8

145.0

145.8

145.3

141.1

138.2

134.1

126.0

"129.8

127.6

do....
do
do .
do....
do

148.9
126.0
155.2
147.4
164.3

150.9
119.8
159.5
150.3
170.0

150.5
120.9
158.6
150.5
168.1

150.1
118.9
158.8
150.5
168.4

150.7
120.6
159.0
150.2
169.3

152.1
122.1
160.3
151.3
170.8

151.2
120.9
159.6
149.6
171.3

152.3
122.8
160.5
150.5
172.2

152.5
121.9
161.0
150.6
173.0

150.8
119.3
159.5
149.5
171.1

150.5
117.8
159.6
150.7
169.9

149.7
116.1
159.0
150.4
169.1

149.5
113.8
159.4
150.9
169.3

147.6

"148.4

147.5

158.8
149.9
169.1

"159.0 ""•158.5
"150.3
"169.0 169.3

do .
do •
do....
do...
do....

145.2
173.2
156.5
239.9
128.2

151.8
181.1
166.4
r
286.2
127.9

148.7
177.5
163.4
270.4
128.4

150.0
179.3
164.6
276.6
128.6

151.4
181.0
165.9
281.7
128.5

152.1
182.0
167.0
286.4
128.4

153.0
183.6
169.0
289.7
130.6

154.1
184.8
169.4
290.3
130.8

154.0
184.4
170.2
293.0
130.8

152.9
182.7
168.9
293.6
129.3

152.1
180.5
166.9
295.6
125.7

151.5
179.0
165.1
293.8
123.6

152.1
179.0
164.0
'294.6
122.0

147.1
172.2
158.1
'289.0
116.9

"148.4
"172.7
"157.3
"280.6
"117.2

147.4
170.6
153.8
e
268.9
e
116.0

do....
do .
do...,

192.4
237.8
139.9

198.0
'258.7
125.4

193.7
250.4
124.8

196.2
252.7
127.8

198.6
254.5
131.5

199.4
258.0
130.0

200.4
259.9
129.7

202.5
263.7
128.4

200.9
264.3
124.6

198.5
264.2
121.0

196.2
259.8
120.6

195.0
260.6
116.6

196.3
'262.9
117.5

188.5
'256.1
109.0

"190.4
"257.4
"110.1

e
190.0
e
257.0
e

do....
do....
do
do

98.2
151.9
140.9
162.8

102.7
154.4
141.9
166.7

100.5
157.7
148.9
166.4

100.7
157.1
149.0
165.1

101.5
156.3
147.9
164.7

102.0
156.1
146.5
165.6

101.7
154.9
143.4
166.2

102.6
156.2
144.3
168.0

102.8
156.8
144.0
169.5

103.0
154.6
139.7
169.4

104.5
151.4
135.2
167.5

105.3
148.7
130.1
167.1

107.0
145.9
127.0
164.6

105.1
143.2
123.9
162.3

"107.6
"145.3
"126.3
"164.3

108.4
144.0
124.7

Materials
Durable goods materials
Nondurable goods materials
Energy materials

do....
do
do....
do

147.6
143.0
171.5
129.3

151.6
149.1
174.6
129.0

154.3
150.6
179.9
131.6

154.4
152.2
177.5
130.9

152.9
151.8
179.3
123.1

153.4
152.8
179.0
123.0

154.0
152.4
176.9
129.3

155.3
153.6
176.5
133.3

155.2
154.3
175.4
132.6

152.5
150.4
175.5
128.9

148.5
145.6
170.6
128.3

144.6
141.0
164.7
128.1

139.0
134.0
158.3
127.4

137.0
129.6
155.8
131.3

"138.6
"132.0
"158.9
"129.5

137.1
130.2
157.4
128.4

By industry groupings:
Mining and utilities
Mining
.
Metal mining
Coal
Oil and gas extraction $
Crude oil
Natural gas
Stone and earth minerals

do
do....
do....
do
. . . do
do...
do....
...
do

149.5
132.7
109.2
146.7
133.3
94.9
111.1
132.8

155.0
142.2
123.1
141.3
146.8
95.1

154.8
143.2
131.1
151.2
144.1
95.7
111.8
138.8

150.5
135.2
123.1
75.9
146.1
96.3
112.7
133.7

152.1
135.4
125.0
77.0
146.2
95.2
111.8
132.2

156.3
141.7
123.5
122.9
148.2
96.2
112.8
132.7

159.1
146.5
123.6
170.0
147.7
95.2
111.5
133.3

158.2
146.0
124.1
167.4
148.2
94.8
116.8
128.2

155.8
145.0
121.5
161.9
148.8
95.0
111.5
123.4

156.1
145.3
119.8
166.9
148.9
94.0
111.9
122.0

155.4
143.3
115.4
160.8
148.4
93.9
108.1
116.7

154.7
142.6
110.9
145.5
150.5
94.5

157.3
144.3
119.1
147.9,
151.5
96.2

"154.8 152.9
"142.3 138.7
"117.6
"156.0 ""*156.'i
"147.0 142.2
"95.0

129.4

154.1
143.1
134.1
159.0
142.2
95.0
108.7
140.0

do
do....

168.3
189.7

169.1
190.9

166.4
187.1

167.8
188.9

167.6
188.6

170.7
192.9

172.7
195.6

173.1
196.2

171.9
194.2

167.8
188.3

168.1
189.4

168.9
190.9

168.2
190.2

171.8
194.8

"168.7
"190.6

168.7
190.7

do.
do....
do

146.7
161.2
149.6

150.4
164.8
152.1

151.2
166.2
152.5

151.6
165.3
152.4

152.0
165.9
151.9

152.8
166.4
152.2

152.4
165.8
151.3

153.2
167.1
151.6

153.2
167.3
151.9

151.1
165.9
150.7

148.0
162.8
151.4

145.0
160.3
153.0

142.0
157.4
152.8

138.3
154.7
151.3

"140.5
"156.4
"152.3

139.7
155.6

do
do....
.. do
do....

119.9
138.6
127.0
151.1

122.2
135.7
120.4
155.0

125.4
139.3
121.6
156.0

125.7
136.2
120.2
157.6

122.2
138.9
121.6
157.0

122.3
138.8
122.6
155.9

120.9
138.3
121.1
153.4

121.3
139.4
122.6
154.9

123.8
140.7
122.6
156.7

122.4
136.3
122.5
158.6

124.3
132.5
117.8
153.3

119.6
126.1
113.8
152.6

112.6
122.8
114.1
146.6

112.7
119.4

"123.6

147.0

"148.6

149.2

do....
do
do...
do....
do

139.6
207.1
132.9
255.7
70.1

144.2
'215.6
129.7
274.0
69.3

144.8
219.8
131.5
270.2
68.3

142.7
218.5
130.3
269.5
68.8

141.6
219.8
130.0
275.2
68.9

141.3
220.6
129.8
280.3
69.8

143.1
218.4
129.3
285.1
68.4

144.4
221.5
128.7
285.3
70.1

146.1
219.2
130.4
286.7
69.6

145.9
216.3
129.1
282.2
69.7

145.6
208.8
128.3
276.0
71.2

143.4
204.6
128.0
264.1
70.8

145.3
199.8
128.3
'247.3
65.6

145.7
195.8
123.3
'243.4
'63.1

"146.4
"197.2
"120.3
"247.0
"62.6

145.8

do
do....
do
do
do....
do
do ..
do
do....
do
do....

136.7
78.5
119.3
150.0
147.5
102.3
92.4
119.8
134.1
162.8
172.8

140.5
81.1
119.1
157.2
147.9
107.9
99.8
122.4
136.4
171.2
178.4

142.1
78.5
125.6
155.6
154.6
114.9
108.0
127.7
139.2
169.2
177.4

142.5
79.8
126.3
158.7
154.3
110.6
103.4
122.2
139.5
169.7
178.8

143.5
80.9
126.2
158.9
151.7
111.9
105.6
121.6
138.4
172.1
179.9

143.2
80.9
122.5
162.4
148.1
107.4
98.5
123.1
139.3
174.1
180.1

143.6
80.6
122.9
164.9
148.7
109.4
99.7
131.8
140.1
176.7
180.9

143.4
81.8
119.1
163.3
148.2
113.1
105.1
128.8
140.0
176.4
182.6

140.9
82.3
113.2
159.9
147.3
108.6
99.2
125.0
136.8
173.9
180.0

137.8
82.5
109.6

134.4
84.3
104.7

131.3
85.5
104.8

127.0
'83.9
'99.2

"129.6
"86.0
"101.4

128.6
e
87.1

157.2
143.4
102.3
92.2
119.3
133.8
169.7
179.6

153.7
135.9
96.6
87.2
112.8
130.2
167.9
175.7

149.4
131.5
'89.6
79.2
108.0
126.1
167.4
170.7

144.3
128.3
'89.4
'79.2
108.0
120.7
160.8
168.2

"146.4
"131.9
"88.4
"78.8
"106.0
"122.7
"161.8
"173.1

do....
do....
do

116.9
119.0
171.1

116.1
122.3
170.3

140.8
78.4
126.2
154.3
156.4
114.5
108.4
125.9
137.6
168.3
174.9
116.1
119.9
171.1

119.5
127.1
170.0

121.3
130.7
170.0

123.7
136.4
170.6

123.4
137.5
171.3

119.8
130.5
172.1

115.4
123.1
172.3

114.2
120.4
169.7

110.6
113.8
168.6

106.1
105.5
167.1

103.7
100.4
166.8

96.5
'90.4
162.1

"101.8
"98.6
"164.8

Home goods
Nondurable consumer goods
Clothing
Consumer staples
Consumer foods and tobacco
Nonfood staples
Equipment
Business eouipment
Industrial equipment #
Building and mining equip
Manufacturing equipment
Commercial, transit, farm eq. #
Commercial equipment
Transit equipment
Defense and space equipment
Intermediate products
Construction supplies
Business supplies

Utilities
Electric

..
.

;

Manufacturing
.
Nondurable manufactures
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products

. .

Printing and publishing
Chemicals and products
.
Petroleum products
Rubber and plastics products
Leather and products
....
Durable manufactures
Ordnance, pvt. and govt
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous metals
.
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments . .

115.7 ""'115.8 ""ni'8.9

BUSINESS SALES
Mfg. and trade sales (unadj.), total $
Mfg and trade sales (seas adj ) total $
Manufacturing total t
Durable goods industries
Nondurable goods industries

mil. $.. 3,846,477 4,200,227 '331,756 361,175 354,873 353,099 366,401 341,248 349,730 357,025 358,871 343,537 359,212 '309,039 325,248
do '3,846,477 '14,200,227 '350,273 349,898 350,923 349,245 354,442 354,759 352,783 353,717 345,287 345,213 342,226 '336,663 343,993
do.... rl 1,845,934 1,997,775 165,508 165,804 167,491 167,527 171,494 170,324 169,518 168,581 164,085 161,979 161,081 156,976 159,672
do.... r 936,030 1,019,879 84,215 85,058 86,327 86,664 88,770 87,319 86,841 86,179 82,583 81,641 81,146 '77,855 79,944
do.... 909,903 977,896 81,293 80,746 81,164 80,863 82,724 83,005 82,677 82,402 81,502 80,338 79,935 '79,121 79,728

Retail trade total § . .
Durable goods stores
Nondurable goods stores

''951,902 1,038,790
do
do.... '296,594 326,596
do.... '655,308 712,194

Merchant wholesalers, total @
Durable goods establishments
Nondurable goods establishments

do.... rl 1,055,168 1,174,072
do.... r448,040 499,970
do.... '607,128 674,102

Mfg. and trade sales in constant (1972) dollars
(seas adj ) total *
bil $
Manufacturing *
.
do
Retail trade *
do....
Merchant wholesalers *
do....
See footnotes at end of tables.




'85,201 '86,128 '86,263 '86,361 '87,299 '87,292 '87,961 '87,823 '86,413
'27,197 '27,601 '27,166 '27,488 '27,725 '27,759 '28,098 '27,810 '26,354
'58,004 '58,527 '59,097 '58,873 '59,574 '59,533 '59,863 '60,013 '60,059
'99,564 '98,288 '98,840 '98,964 '98,027 '97,445 '97,359 '97,440 '96,249
'42,311 '41,062 '41,575 '42,358 '42,449 '42,288 '42,144 '41,562 '40,843
'57,253 '57,226 '57,265 '56,606 '55,578 '55,157 '55,215 '55,878 '55,406
161.4
74.3
47.1
40.1

160.4
74.3
46.8
39.2

159.8
74.8
46.0
39.0

158.5
74.2
45.7
38.5

160.2
75.7
46.4
38.1

159.0
74.6
45.9
38.5

158.2
73.8
46.8
37.6

158.4
73.4
46.6
38.4

153.5
70.8
44.9
37.8

'86,733 '86,572
'26,436 '26,206
'60,297 '60,366

'85,320
'25,316
'60,004

87,574
26,762
60,812

'96,738 '94,920
'41,410 '40,930
'55,328 '53,990

'94,367
'40,323
'54,044

96,747
40,567
56,180

152.7
'69.4
'45.3
'38.0

149.0
67.3
44.4
37.3

153.3
69.2
45.5
38.5

153.4
69.8
45.1
38.5

109.8

122.2

«84.8
121.8
159.6
173.0
e
103.8
e

!05.0
163.1

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of year
or month (unadj.), total $
mil. $.. 470,769 506,647 r485,493 489,556
Mfg. and trade inventories, book value, end of year
or month (seas adj ) total $
mil $
475 202 513 286 r485 543 485 467
Manufacturing, total t
do.... 257,979 276,414 264,496 266,524
Durable goods industries
do . 171 603 185 226 175 620 176 229
86,376
Nondurable goods industries
do....
91 188 88876 90295
Retail trade total §
do.... 114
114 125 693 116
118 116 148
r
Durable goods stores
do.... r53,747
58,835 rr54,355 rr53,944
Nondurable goods stores
do
60 367
66858 61 763 62 204
Merchant wholesalers total @
do
104
441 111 179 104
929 105 018
r
Durable goods establishments .
do ..
67 033
73746 rr67 256 rr67 789
Nondurable goods establishments
do.... r37,408
37,433 37 673 37 229
Mfg. and trade inventories in constant(1972)dollars,
end of year or month(seas.adj.),total*
bil. $..
262.9
262.6
Manufacturing *
do....
1458
146 1
Retail trade *
do....
63.5
63.9
Merchant wholesalers *
do
53 1
530
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total $
ratio..
1.45
1.42
1.38
1.39
Manufacturing, total t
do....
1.65
1.62
1.60
1.61
Durable goods industries
do .
2 16
2 12
209
207
Materials and supplies
do....
0.70
066
0.66
065
Work in process
do
096
097
095
095
Finished goods
do...
050
049
047
047
Nondurable goods industries
do....
1.13
1.11
1.09
1.12
0.46
Materials and supplies
do....
045
045
045
Work in process
do
0 18
0 18
0 18
018
048
Finished goods
do...
048
047
048
141
Retail trade, total §
do.. .
139
136
135
r
2.09
Durable goods stores
do....
2.08
2.00
1.95
1 10
Nondurable goods stores
do
107
106
107
1 16
Merchant wholesalers total @
do
105
107
Durable goods establishments
do....
1.71
1.59
1.65
r
0.74
Nondurable goods establishments
do....
0.66
065
Manufacturing and trade in constant (1972) dollars,
total *
do....
1.63
164
Manufacturing *
do
196
197
Retail trade *
do....
1 36
136
Merchant wholesalers *
do
133
135
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Shipments (not seas, adj.), total t
do.... 1,845,934 1,997,775 167,163 175,250
Durable goods industries, total
do.... 936,030 1,019 879 84,746 91,521
Stone clay and glass products
do
45518
49051
3903
4277
Primary metals
.
do.. . 134,051 137 970 12253 12559
62,481
Blast furnaces, steel mills
do....
70933
6,108
6,392
Fabricated metal products
do.... 116,868 123,117 10,405 11,078
Machinery except electrical
do
182 837 204 644 16982 18412
Electrical machinery
do.... 125,907 136 583 11,293 11812
Transportation equipment
do.... 191,387 219,761 17,706 20,522
Motor vehicles and parts
do
114 909 137 404 11236 12912
45,993
50,233
4,027
4,327
Instruments and related products
do....
Nondurable goods industries total
do
909903 977 896 82416 83729
Food and kindred products
do. .. 254,745 266 111 22,348 22860
12466
1058
1060
Tobacco products
do
13623
46,167
50,682
4,130
Textile mill products
do....
4,558
77,745
71,660
6,679
6,799
Paper and allied products
do....
Chemical and allied products
do
167 099 182 343 15250 16472
Petroleum and coal products
do
176 598 194 703 17091 16 109
48,060
46,640
3,869
4,017
Rubber and plastics products
do....
Shipments (seas adj ) total 1"
do
165 508 165 804
By industry group:
Durable goods industries total #
do. .
84215 85058
Stone, clay, and glass products
do....
4,216
4,211
Primary metals
.
. . . do....
11896 11321
Blast furnaces steel mills
do
5896
5622
Fabricated metal products
do. .
10518 10550
Machinery, except electrical
do....
16,573 16,919
Electrical machinery
do....
11041 11,284
Transportation equipment
do
17338 18453
10909 11,285
Motor vehicles and parts
do....
4 136
Instruments and related products
do
4 129
Nondurable goods industries total #
do
81293 80 746
22 121 21930
Food and kindred products . . .
.do....
1 122 1086
Tobacco products
do
4 167
4235
Textile mill products
do
6575
6525
Paper and allied products
do....
14,911 15,166
Chemicals and allied products
do....
16747 16 153
Petroleum and coal products
do
3730
Rubber and plastics products
do ...
3766
See footnotes at end of tables.




490985 492,671 494,485 495,544 498,254 504,114 513,410 520 102 506,647 r507 968 508,695
487 060
267,506
177 123
90383
116
968
r
54 629
r
62 339
105
038
r
68 189
r
36 849

490 254 494 226
269,260 269 709
177 635 178 676
91625 91033
118
191 120 010
r
55,560 r56 764
r
62 631 '63 246
105
349 106 756
r
68 958 rr69 480
r
36 391 37 276

498 098
271,872
180 855
91017
121
993
r
57,865
r
64 128
105
768
r
68 929
r
36 839

502 458
273,361
182 221
91 140
123 341
'58,545
r
64 796
107
516
r
70 379
r
37 137

508 132
276,616
185 140
91476
124
376
r
58 761
r
65 615
108
802
r
71 842
r
36 960

511 682
278,440
186 718
91722
125
364
r
59,014
r
66 350
108
708
r
71 943
r
36 765

515 165
279,544
187 275
92269
125
618
r
58 907
r
66711
r
110 243
r
73 479
r
36 764

r

r

513 286
276,414
185 226
91 188
125
693
r
58,835
r
66 858
111
179
r
73 746
r
37 433

511 094
275,711
184
593
r
91 118
124
229
r
57,807
r
66 422
111
154
r
73 110
'38 044

508 954
276,385
184 800
91,585
123 419
56,925
66494
109 150
72 109
37,041

266.6
146 1
65.0
555

265.1
1459
64.3
548

r

r

263.2
1464
63.8
530

263.9
1466
64.3
53 1

265.4
1463
65.2
538

266.5
1468
66.4
532

267.1
1469
66.3
539

268.5
1477
664
545

269.7
148 1
66.9
547

270.4
148 1
668
555

1.39
1 60
205
065
094
047
1.11
045
018
048
136
r
201
106
106
1.64
064

1.40
161
205
064
092
046
1.13
045
0 19
049
137
202
106
106
1.63
064

1.39
157
201
063
092
046
1.10
044
0 18
049
138
r
205
106
109
1.64
067

1.40
1.60
207
065
094
048
1.10
044
017
049
140
r
209
108
1 09
1.63
r
067

1.42
161
210
065
096
049
1.10
044
0 18
048
140
r
208
108
1 10
1.67
r
067

1.44
1.64
2 15
067
098
051
1.11
045
0 18
049
142
r
2 11
109
1 12
1.73
066

1.48
170
226
070
103
053
1.13
045
0 17
050
145
r
224
1 11
1 13
1.76
r
066

1.49
1.73
229
071
105
054
1.15
046
0 18
051
145
r
223
1 11
1 14
1.77
r
066

1.50
172
r
228
070
104
054
1.14
046
0 18
049
145
r
225
1 11
1 17
1.80
r
069

152
176
237
073
1 08
056
1.15
047
0 18
050
146
228
1 11
1 18
1.81
070

1.48
1.73
231
071
106
055
1.15
046
0 18
051
1 41
2 13
109
1 13
1.78
066

165
196
139
136

167
198
141
138

168
197
145
138

169
199
142
143

170
201
142
1 42

176
209
149
1 45

176
2 12
148
1 44

176
'2 12
146
1 47

1 79
2 17
146
1 49

1 73
2 11
141
142

169,040 179,978 156,408 166,520 174,010 170,346
88289 95046 78497 83181 88536 86763
4279
4592
4288
4335
4 164
4 151
12267 12628 10806 11556 11724 Il'l91
6364
6,617
5965
5698
5736
5921
10,800 11,300
9,701 10,535 10,671 10,497
16869 18736 15465 16244 17814 17 136
11338 12330 10351 11402 12339 11839
20067 21,924 16,373 16,547 18,286 18,828
9997 11039 12299
13045 14397 10228
4 148
4552
3894
4 198
4587
4395
80 751 84932 77911 83339 85474 83583
21749 23 171 21057 22394 23316 22763
1046
1 149
1 186 1218
1 190
1 164
4755
4,409
4430
4713
4320
3755
6553
6720
6,106
6658
6,690
6581
15413 16 153 14 180 15055 16078 14787
16 236 16 491 15 772 16 458 16086 16 249
4227
4040
4087
4 152
3915
3732
167 527 171 494 170 324 169 518 168 581 164 085

161,275
80945
3824
10 114
5154
9,297
16675
11583
17,433
10670
4251
80330
21900
1 199
4,001
6347
14477
15 778
3525
161 979

155 673
78345
3400
9090
4779
8,850
17959
11012
16,669
8939
4237
77328
21343
1218
3703
5993
14800
15846
3329
161 081

170,022
88,627
4364
12431
6,437
10,724
17 194
11301
19,872
12664
3,979
81395
22312
1 101
4,225
6,587
15607
15 723
4 133
167 491
86327
4293
11691
6 101
10459
16,836
11373
18961
11987
4030
81 164
22700
1095
4 195
6536
14,704
15969
3962

86664
4 180
11824
6209
10594
16,775
11597
19130
12257
4208
80863
21,931
1034
4350
6,426
14,875
16404
3,850

166
193
141
1 41

88770
4207
11810
6 172
10591
17,303
11679
20440
13378
4257
82724
22676
1 154
4467
6392
15,296
16357
4074

87319
4,250
11971
6228
10547
17,070
11713
18967
12390
4308
83005
22,638
1 195
4496
6,493
15,459
15859
4129

86841
4004
11981
6 111
10432
17,246
11682
19431
12370
4205
82677
22,453
1 186
4414
6446
15,458
16405
3,956

86 179
4,024
11609
5929
10286
17,353
11667
18956
11,971
4299
82402
22,421
1211
4427
6,537
15,489
16049
3,971

268.8
147
1
r
66.1
r
556

145,052 161,115
r
70
440 80,365
r
3547
3239
r
10 136
9728
r
5142
4958
r
9,402
8,328
14 843 17599
10 276 11521
16,888
14,001
r
8534 10271
r
3,823
3532
F
74 612 80750
r
2o'361 22642
1
135 1 121
r
3974
3431
r
6,601
6,250
14 238 15479
15 136 14457
3891
'3*387
156 976 159 672

82 583* 81 641 81 146 r77
855
3,845
3,860
3822 r3,877
11065 10635
9803 10
542
5710
5518
5 144 r5407
9989
9494
9440 r9 186
16,924 17,446 17,417 16,367
11262 11433 11 159 11 066
17 198 16803 17427 15
247
10686 10,018 10018 Fr 9013
4 146
3920
4 241
4241
81502 80338 79935 r79 121
22,077 21,493 21,296 '21,914
1099
1 173 1 193 1 182
3875 '3797
4061
3934
6,489
6,533
6,553 '6,500
15,053 15,328 15,794 15,079
16479 15830 15,542 15 112
3,698 '3,673
3,945
3,642

79944
3,831
9838
4963
9498
17,308
11,272
16545
9,973
3917
79,728
22,454
1 190
4,011
6,501
15,154
14,142
3,749

Mar.

SURVEY OF CURRENT BUSINESS

S-4
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1981

Annual

April 1982

Feb.

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS f— Continued
Shipments (seas, adj.) t—Continued
By market category: t
Home goods and apparel
mil. $ 11 135,305
Consumer staples
do.... 329,447
Equipment and defense prod., exc. auto .... do.... 1'277,289
134,879
Automotive equipment
do
Construction materials and supplies
do.... 1 143,458
'825 553
Other materials and supplies
do
Supplementary series:
Household durables
do.... '58,493
'308 368
Capital goods industries
do
Nondefense
do . 1267,210
Defense
do
'41 158
Inventories, end of year or month: t
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
Book value (seasonally adjusted), total t
By industry group:
Durable goods industries total #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment .
Motor vehicles and parts
Instruments and related products
By stage of fabrication: t
Materials and supplies
Work in process
Finished goods
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category: t
Home goods and apparel
Consumer staples
Equip, and defense prod., exc. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
New orders, net (not seas, adj.), total t
Durable goods industries, total
Nondurable goods industries, total
New orders, net (seas, adj.) total t
.
By industry group:
Durable goods industries, total
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary met
Fabricated metal products
Machinery except electrical .
.
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders H
By market category: t
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.




'145,530
'345,664
'306,690
'158828
'149,928
'891 128

12173
28,759
24,315
12738
13040
74484

12054
28,366
25,641
13017
13 100
73626

12,282
29,003
25,185
13827
13,056
74 137

12,235
28,207
25,241
14 134
12,812
74898

12,572
29,344
25,938
15230
12,696
75714

12,792
29,219
25,208
14381
12,754
75949

12,400
28,919
26,044
14,227
12,289
75639

12,217
29,267
26,185
13688
12,310
74914

11,971
28,664
25,163
12442
11,925
73920

11793
28,506
26,236
11600
11,564
72280

11,088 rll,179
28,551 rr28,854
27,045 24,509
11,678 10
608
11,392 rl 1,333
71327 r70 493

11765
29,766
25,929
11649
11,204
69359

'63,343
'338 562
'288611
'49 948

5322
26923
23062
3861

5,292
28 159
23999
4 161

5,547
27773
23810
3964

5,291
27982
24,041
3941

5,403
28714
24602
4 112

5,512
28 160
23,931
4229

5,274
28992
24,573
4 419

5,360
28822
24,608
4214

5,194
27871
23,534
4337

5128
28935
24433
4502

4,921
29377
24,750
4627

r
4,880
r
27 017
r
22,791
r

4,926
28558
24010
4548

4226

r
276,648
r
!84
607
r

do....
do ..
do....

256,584
169,616
86,967

do....

257,979

274,790 266,053 267,908 269,614 271,609 270,228 271,008 272,545 273,900 276,040 277,405 274,790
277,986
186 070
183 148 176 849 177 879 179 091 179 959 179,710 180,681 181,967 183,091 184,310 185 149 183,148
91,642 89,205 90,029 90,523 91,650 90,518 90,327 90,578 90,809 91,730 92,256 91,642 92,041 91,916
r
276,414 264,496 266,524 267,506 269,260 269,709 271,872 273,361 276,616 278,440 279,544 276,414 275,711 276,385

do ..
do....
do....
do .

171,603
6,145
21,976
11,844

185 226 175 620 176 229 177 123 177 635 178 676 180,855 182,221 185,140 186,718 187 275 185,226
6,509
6,831
7,037
6,953
6,967
6,967
6,599
6,642
6,923
6,369
6,398
6,390
25,194 23,240 23,640 23,402 23,163 23,334 23,926 24,412 25,087 25,268 25,361 25,194
13089 12454 12722 12362 12 112 12 169 12556 12,734 13,120 13 148 13129 13,089

do
do....
do....
do
do....
do....

19773
39,189
24,383
36810
9,694
9,281

20314
42,472
26,325
39711
8,970
9,765

20034
39,582
25,083
37810
9,568
9,372

19812
39,618
25,057
38 111
9,605
9,380

19799
39,705
25,589
38305
9,489
9,581

19796
40,070
25,457
38427
9,376
9,645

19973
40,342
25,689
38628
9,275
9,603

20031
41,036
25,987
38949
9,397
9,569

20232
41,366
26,243
38,695
9,088
9,585

20440
42,017
26,517
39,424
9,316
9,738

20598
42,282
26,865
40264
9,453
9,714

20733
42,502
27,976
40250
9,094
9,771

20314
42,472
26,325
39,711
8,970
9,765

r
20 630
T
42,324
r
26,182
r
39,548
r
8.641
r

20376
42,471
26,086
39,692
8,550
9,727

do....
do
.do ..

53,808
77935
39,860

56,824
84246
44,156

55,870
80090
39660

55,495
80584
40,149

55,857
81000
40,265

55,282
81933
40420

55,816
81 769
41091

56,867
82431
41,557

56,594
82996
42,631

57,495
84083
43,562

57,740
85574
43961

56,824
84246
44156

r
56,846
r
84 219
r

56,556
84 444
43800

do....
do....
do....
do
do....
do....
do....
do....

86,376
22,325
3,507
6,386
7,798
18,489
8,240
5,279

91,188
21,101
4,243
r
6683
8,817
20,438
8,680
5,508

88,876
22,074
3,604
6,525
8,233
19,201
9,117
5,539

90,295
22,237
3,689
6518
8,286
19,488
9,885
5,538

90,383
22,055
3,643
6,545
8,246
19,490
9,932
5,652

91,625
22114
3,699
6562
8,224
20,029
10,278
5616

91,033
21,862
3,570
6604
8,332
20,218
9,996
5,634

91,017
21,836
3,765
6,608
8,429
20,116
9,604
5,677

91,140
21,951
3,931
6,550
8,445
20,281
9,320
5,624

91,476
21,826
3,966
6,642
8,588
20,363
9,206
5,703

57,648
84986
44084
91,722
21600
4,043
6676
8,664
20,722
8,772
5729

92,269
21619
4,036
6709
8,822
20,755
8,663
5801

91,188
21,101
4,243
r
6683
8,817
20,438
8,680
5508

r
91,118
r
21,071
r
4,343
r
6469
r
8,738
T
20,449
r
8,710
r

5438

91,585
21065
4,309
6393
8844
20,575
9,054
5506

do....
do .
do....

35,572
14,108
36,696

37,122
14,373
39,693

36,381
14682
37,813

36,412
14,782
39,103

36,656
14799
38,927

36,673
14979
39,973

36,311
14607
40,115

36,786
14,573
39,658

36,421
14,772
39,947

36,692
14,568
40,216

36,716
14222
40,784

37,022
14063
41,184

37,122 r37,013
14373 14 438
39,693 r39,667

36,792
14464
40329

do....
do. ..
do....
do
do....
do....

20,663
32,201
69,908
11872
21,266
102,070

22,773 21,022 21,201 21,420 21,761 21,410 21,637 21,881 21,982 22,570 23,064 22,773 rr22,717 22,555
33,005 32,553 32880 32693 32891 32658 32,826 33,205 33 142 33 184 33020 33005 r33 083 33272
76,359 71,469 71,400 72,284 72,697 73,240 73,756 74,156 75,148 76,180 76,570 76,359 76,247 76,706
11364 11717 11775 11666 11592 11 530 11688 11394 11 714 11866 11570 11364 11 007 10 855
22,575 21,532 21,602 21,660 22,055 22,393 22,613 22,727 23,006 22,795 22,901 22,575 r22,244 21,950
110,338 106,203 107,666 107,783 108,264 108,478 109,352 109,998 111,624 111,845 112,419 110,338 110,413 111 047

do
do ..
do
do ..

9992
78,245
67224
11,021

do.... 1,860,706
do.... 951,169
do.... 909,536
do 1 1860,706

10880 10139 10236 10360 10323 10250 10446 10674 10719 10981 11037 10880 10 902 10 837
85825 80243 80456 81 266 81 608 82376 83283 83742 85074 86053 86513 85825 rr85 751 86352
72 183 68616 68473 69 100 69335 69676 70602 71053 72055 72985 72972 72 183 71 946 72317
13,642 11628 11984 12 165 12273 12700 12681 12689 13019 13'068 13541 13642 13 805 14035
1,998,049 169,653 177,003 171,926 168,602 178,014 156,831 164,781 172,733 168,150 158,259 154,967 149,402
160,826
1,020,808 86,993 93,232 90,242 87,680 93,280 79,035 81,487 87,507 84,898 78,472 77,825 rr74,493 80,651
977,240 82,659 83,771 81,684 80,922 84,734 77,796 83,294 85,226 83,252 79,787 77,142 74,909 80 175
'1,998049 166 987 167 361 168 584 169 340 170 913 172611 170 063 168 444 159 005 159 923 159 469 157 202 158 593

do....
do
do....
do....
do....
do
do....
do
do....
do....
do....
do....

'951,169
1
-134 057
'63,212
'58,694
1
115,993
1
182 782
1
130,744
'202
676
1
63,658
'909,536
1
184,073
'725,462

'1,020,808
'134411
'69,519
'52,465
'121,692
'204 948
'140,846
'220 808
'59,381
'977,240
'201,943
'775,294

85,446
11872
5,951
4,943
10,604
15876
11,290
18633
5,118
81,541
16,936
64,606

86,729
11 739
6,024
4,580
10,556
16740
11,666
19428
6,324
80,632
16,666
63,966

87,180
11831
6337
4,475
10291
17504
11960
18698
3777
81,404
17,083
64,321

88,164
11 809
6076
4,612
10607
17082
11 721
20093
5803
81,176
17,052
64,124

88,303
11324
6,040
4,235
10,979
17303
12,600
20909
4,083
82,610
16,814
65,796

89,696
12466
6,436
4,842
10,804
16376
12,055
20653
6,116
82,915
17,213
65,702

87,350
11602
6,082
4,466
9,901
17658
11,920
20375
5,106
82,713
17,033
65,680

do
do
do....
do....
do....
do....

1

'145,479
'345 823
'310,210
'158,721
'149,162
'888,643

12494
28746
24,742
12,922
13,001
75,082

12245
28376
26,834
13,089
13,154
73,662

12328
29 075
25,606
13,822
12,843
74,909

12083
28 188
25^365
14,258
12,755
76,691

12776
29384
25,025
15,083
13,166
75,479

12828
29253
26,944
14,474
12,900
76,059

do.... '58,182
'63,333
do.... '326,752 '344,264
do.... '270,571 '281,618
do.... '56.181 '62.641

5,675
27,436
21,185
6.251

5473
29,307
24,460
4.848

5603
28,699
24,723
3.976

5119
29,248
23,865
5.383

5625
28,186
23,230
4.956

5,510
29,708
24,226
5.482

134 892
'329 505
'291,959
'133,322
'142,790
'828,235

r

184,593 184,800
6,908
25,422
!3 066 13284

r
6,781
r
25,236
r

9,606

43 528

82,166
17,031
65,135

77,804
10 170
5,107
3,944
9282
15984
10370
15780
3432
81,201
16,605
64,596

79,956
10032
5 124
4,036
9262
17472
11873
15429
3966
79,967
16,644
63,323

79,764 r78,108
r
9378
9 153
r
4,949
4,419
r
3,698
3,857
r
9270
8862
17605 15 391
11,650 11 506
16071 17
867
r
4,657
6626
r
79,705 79,094
16,720 16.509
62,985 r62,585

79,175
16,417
62,758

12353
28 945
27503
14,284
11,944
75,034

12221
29 282
25302
13,408
12,273
75,958

11578
28 655
23225
12,490
11,571
71,486

11556
28 547
26956
11,171
11,698
69,995

10989 11 177
28493 rr28 840
25*647 27 659
11,805 10,513
11,033 10,778
71,502 r68,235

11 565
29 796
27357
11,386
10,921
67,568

5252
30,459
24,700
5.759

5388
29,580
23,026
6.554

4810
24,826
20,996
3.830

4873
28,663
23,813
4.856

4836
28,552
22,518
6.034

r
4902
r
29,280
r
21,974
r

4789
29,816
21,511
8.305

86,278
11422
6,022
4,348
10054
17498
12487
18627
5617

7.306

79,418
8 582
3944
3,875
9456
15 429
11325
18947
6873

Mar.

S-5

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

Annual

1982

1981

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t— Continued
Unfilled orders, end of year or month (unadjusted),
total t
mil $
Durable goods industries, total
do....
Nondur. goods ind. with unfilled orders $
do....

317 661
306,995
10,666

317 931 325 192 326 943 328 847 328 411 326 446 326 866 325 133 323 853 321 651 318 635 317931 rr322 284 321,991
1,975 312,256
307 918 314017 315 727 317 342 316,736 314 968 315,502 313,812 312 779 310,908 308,436 307,918 31
9,735
10,013 11,175 11,216 11,505 11,675 11,478 11,364 11,321 11,074 10,743 10,199 10,013 r!0,309

319 729

319 865 322 045 323 602 324 694 326 508 325 918 328 206 328 757 328 613 323 538 321 478 319 865 r320 091 319015

308 815
30248
17,439
9,008
30,189
74396
47,225
113 043
88,371
10913

309611 310 926 312 598 313 450 314 954 314 477 316 853 317 369 317 460 312 681 310 995 309611 r309
863 309 341
26599 28536 28955 29095 29080 28595 29090 28708 28521 27627 27024 26599 r25 210 23955
13,970
15977 16524 16926 17 161 17028 16897 17,105 17,075 17168 16565 16,171 15,977 14,989
6,978
8,599
7,522
7,392 r7,053
7,392
8499
8557
8,572
8,712
8,425
8,344
8,062
7,638
r
28,746 30 127 30 134 29,964 29,975 30,362 30,620 30,091 29,856 29,150 28,917 28,746 r28,423 28,382
74713 74781 74602 75270 75580 75578 74885 75297 75440 74499 74526 74713 73 738 71857
51 563 48*112 48494 49082 49207 50124 50466 50707 51526 50634 51072 51563 r52002 52,054
113927 115 223 116 198 115 934 116900 115 515 117 456 118 405 118073 116 657 115283 113927 116
546 118 950
90,435 89,993 91,299 90,249 91,319 90,504 92,166 92,449 93,126 92,010 91,187 90,435 r92,689 95,200
9674
10254 11 119 11005 11244 11554 11441 11353 11388 11 153 10857 10483 10254 10 228

do ..
do....
do....
do....

3,988
186,876
17,587
111,277

3977
4320
4 163
4664
4782
4609
4854
4922
4902
4921
4517
4 163 r4 145
4462
190,237 190,058 191,324 191,739 191,990 190,926 192,756 194,278 193,108 191,219 190,510 190,237 193,293 194,459
16,791 17,355 17,409 17,195 17,137 17,607 17,752 17,407 17,371 17,017 17,151 16,791 16,237 15,955
108 674 110 170 110206 110978 112772 112531 112 645 112 170 113213 110785 108 497 108 674 106 416 104 624

do
do....
do
do

2954
216 028
147 673
68355

r
2892
3628
3511
3728
3735
3348
3093
3007
3007
3447
3684
3732
3708
3028
221 617 219 174 220 323 221 248 222 518 222 984 223 533 225 006 225 758 222 716 222 442 221 617 r223 879 225 137
140 737 147 463 147 924 148 838 148 666 147 288 147 581 147 712 146 126 143 589 142 969 140 737 139
137
420
919
80880 71 711 72398 72410 73852 74696 75952 77294 79632 79' 127 79473 80880 r83 960 87717

New incorporations (50 States and Dist. Col.):
Unadjusted
numberSeasonally adjusted
do....

533,520

580,867

Unfilled orders, end of year or month (seasonally
adjusted) total t
mil $
By industry group:
Durable goods industries total $
do
Primary metals
do .
Blast furnaces, steel mills
do....
Nonferrous and other primary met
do....
Fabricated metal products
Machinery, except electrical . .
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts

.

do....
do
do....
do
do....

Nondur goods ind with unfilled orders $ do
By market category: t
Home goods, apparel, consumer staples
Equip, and defense prod., incl. auto
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
BUSINESS INCORPORATIONS @

42,935
47662

51,278
47927

52,032
49574

48,115
48907

51,729
48489

52,566
50433

45,762
47483

48,305
48792

49,002
47947

43,533
49413

48,650
47556

649
595
662
594
463
436
440
1369
704
820
885
270

627
558
622
549
430
430
474
1409
699
820
877
265

609
521
600
490
393
427
464
1452
701
844
873
264

594
516
607
526
382
436
477
1404
675
856
823
255

593
524
621
507
373
442
561
1422
664
856
794
266

584
528
728
432
381
434
547
1469
641
856
756
253

INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures total
Commercial service . . . .
Construction
Manufacturing and mining
Retail trade
Wholesale trade

. .

Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

number
do
do . .
do....
do....
do....
thous. $..
do
do....
do....
do....
do

Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..

11742
1594
2355
1,599
4,910
1284
4 635 080
413 502
752,109
1 885 017
993,539
590 913

1 464 1408
1 133 1212
1557
153
217
211
209
'l73
228
228
327
335
298
180
156
225
180
181
494
505
592
594
625
102
126
146
126
163
789 205 485 335 536 877 428 199 408 543
34309 40629 65 913 60998 84435
54,401 51^853 58,801 63J22 53,597
522 110 219 521 188 987 113 187 97692
88,002 87,064 165,283 109,416 138,900
90383 86268 57893 80876 33919

M2.1

47.8

47.6

61.8

62.0

60.8

COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS H

648
615
650
612
494
471
470
1,304
680
826
845
254

650
597
597
601
478
439
475
1304
704
820
890
261

r

604
513
650
390
387
411
532
1 478
698
838
867
268

Prices received, all farm products
1910-14=100..
Crops #
do
Commercial vegetables
do....
Cotton
. . ...
do
Feed grains and hay
do....
Food grains
do
Fruit
do
Tobacco
do....
Livestock and products # .. .. . .
do
Dairy products
do
Meat animals
do....
Poultry and eggs
do

614
539
562
583
417
452
465
1,219
691
798
878
255

Prices paid:
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..

799

854

847

854

863

863

866

859

858

859

850

849

840

856

858

866

do. .

950
65

1,031
61

1,017
65

1,024
64

1,031
63

1,033
63

1,037
63

1,035
63

1,038
60

1,040
59

1,037
57

1,037
57

1,031
57

1,058
57

1,060
57

1,067
57

ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)
1967 = 100..

247.0

272.3

263.5

265.2

266.8

269.1

271.4

274.6

276.5

279.1

279.7

280.4

281.1

282.1

282.9

282.5

2468

2724

2632

265 1

2668

2690

2713

2744

2765

2793

2799

2807

2815

2825

283.4

283 1

2355
2440
245.5

2585
2706
270.9

2512
2604
261.9

2533
2623
263.7

2549
2642
265.4

2562
2670
267.6

2578
2695
269.9

2599
2727
273.0

261 4
2749
274.9

2635
2782
277.8

2645
279.0
278.3

2654
280 1
279.0

2660
2808
279.6

2674
2814
280.6

2683
282.1
281.5

2685
2817
280.9

Parity ratio §

631
579
673
565
446
456
477
1,360
685
841
842
265

658
623
795
598
491
492
456
1296
693
856
845
275

653
629
834
607
490
486
450
1297
677
844
822
270

652
618
664
614
488
486
456
1300
687
832
851
264

601
545
892
421
400
432
519
1 478
659
850
791
259

608

r
534
r
789
r
409
r
r
425
r

391

547
1 478
r
685
r
844
r
841
264

CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted

ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1967-100..
Special group indexes:
All items less shelter
do
All items less food
do....
All items less medical care
do....
See footnotes at end of tables.




SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981

Annual

April 1982

Feb.

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

COMMODITY PRICES—Continued
CONSUMER PRICES—Continued
(U.S. Department of Labor Indexes)— Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities
1967—100..
Nondurables
do....
Nondurables less food
do....
Durables
do....
Commodities less food
do
Services
do
Services less rent
do. .
Food #
do. .
Food at home
do....
Housing
do.. .
Shelter #
do....
Rent residential
do
Homeownership
do....
Fuel and utilities $
do
Fuel oil, coal, and bottled gas
do....
Gas (piped) and electricity
do....
Household furnishings and operation
do
Apparel and upkeep
do....
Transportation
. do
Private
do ..
New cars
do....
Used cars
do
public
...
do..
Medical care
do....
Seasonally Adjusted
All items, percent change from previous month
Commodities
1967 — 100
Commodities less food . . .
do....
Food
do
Food at home
do
Apparel and upkeep
. do
Transportation
do
Private
do...
New cars
do
Services
do....
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
. 1967—100
By stage of processing: t
Crude materials for further processing
do....
Intermediate materials supplies etc
do
Finished goods $ .
. . . . . do
Finished consumer goods
do. .
Capital equipment
do....
By durability of product:
Durable goods . .
do .
Nondurable goods
....
do
Total manufactures
do....
Durable manufactures
do
Nondurable manufactures
do....
Farm prod., processed foods and feeds
do.. .
Farm products
do
Foods and feeds processed
do
Industrial commodities
do .
Chemicals and allied products
do...
Fuels and related prod and power
do. .
Furniture and household durables
do
Hides skins and leather products
do....
Lumber and wood products
. do
Machinery and equipment
do....
Metals and metal products
. do
Nonmetallic mineral products
do....
Pulp paper and allied products
do
Rubber and plastics products
do....
Textile products and apparel
do.. .
Transportation equipment # Dec 1968—100
Motor vehicles and equip
1967 — 100..
Seasonally Adjusted t
Finished goods, percent change from previous
month
By stage of processing: t
Crude materials for further processing 1967—100
Intermediate materials, supplies, etc
do ...
Finished goods #
do
Finished consumer goods
do ..
Food
do
Finished goods exc foods
do
Durable
do.. .
Nondurable
do....
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1967= $1.00..
Consumer prices
do....
See footnotes at end of tables.




233.9
245.0
235.2
2104
2220
2703
285.1
2546
251.5
263.3
281.7
1916
314.0
2786
556.0
301.8
2054
178.4
2497
249.2
179.3
208 1
2516
265.9

253.6
266.3
257.5
2271
2412
3057
324.3
274.6
269.9
293.5
314.7
2082
352.7
319.2
675.9
345.9
221.3
186.9
280.0
277.5
190.2
2569
312.0
294.5

2688

248.3
262.3
253.2
220.3
2354
2901
3069
2708
267.3
280.9
300.5
2019
335.8
3045
675.6
322.9
214.9
182.0
270.9
269.4
184.8
2343
288.1
282.6

249.8
265.2
257.5
219.8
2370
2925
309.5
272.2
268.6
282.6
301.6
203.0
336.8
308.4
693.4
326.7
2169
185.1
273.5
271.7
182.9
235.4
293.9
284.7

250.8
265.9
258.1
221.1
2380
295.4
312.8
272.9
268.7
284.8
303.8
2042
339.3
3105
690.6
330.6
2192
186.4
275.3
273.4
186.1
239 1
297.2
287.0

251.9
265.8
258.2
223.9
2396
2996
317.4
272.5
267.7
288.5
308.4
205.9
345.0
314.9
685.8
339.6
220.1
186.4
2778
276.0
190.9
2452
297.7
289.0

1.0
2490
236.3
2710
2673
1840
272.6
271.3
1839
290.7

0.6
250.1
237.5
2717
268.0
1849
2753
273.8
1831
293.0

0.4
250.1
237.3
2723
267.9
185.7
274.5
272.8
186 1
296.0

251 1
238.5
2726
268.0
185,8
275.8
274.1
1899
299.9

2876

290.3

2934

294.1

0.8

253.2
266.2
258.0
226.6
241 1
303.5
321.9
273.6
268.7
292.2
312.6
206.8
350.4
320.2
682.0
350.2
221.1
185.8
279.9
277.9
192.2
252.9
303.9
291.5

255.0
267.1
257.5
229.6
2426
3088
328.1
276.2
271.6
297.0
318.5
207.8
358.0
325.1
677.9
357.6
222.4
184.7
282.6
279.6
192.5
260.3
323.1
295.6

256.2
268.1
258.4
230.9
2438
3122
331.7
277.4
272.8
299.7
322.0
210,3
361.8
327.8
674.6
360.8
2229
187.4
283.7
280.5
191.9
266.9
326.5
299.3

257.7
269.5
260.3
232.6
2455
317.3
337.5
278.0
273.2
303.7
326.9
211.9
367.8
331.1
673.4
364.5
224.5
190.7
285.2
281.9
191.3
272.8
329.1
301.7

257.9
269.5
260.7
232.9
2459
318.6
338.7
277.6
272.1
303.5
326.6
213.6
366.7
330.1
672.7
360.6
225.6
191.5
287.2
283.9
192.5
278.2
330.8
304.8

2580
269.5
261.1
233.2
2462
320.6
340.8
277.1
271.0
304.2
327.2
215.0
367.2
329.8
676.1
358.3
227.2
191.3
289.1
285.8
195.3
281.4
333.2
308.2

258.4
269.8
261.1
233.7
2465
3218
342.0
277.8
271.7
305.2
328.0
216.5
367.8
331.8
682.5
359.9
227.7
190.5
289.8
286.5
197.0
281.9
333.8
310.2

258.8
270.8
260.2
233.4
2459
323.9
344.2
281.0
275.3
306.1
328.3
217.8
367.5
336.2
686.0
367.4
228.4
187.3
289.9
286.6
197.4
280.5
334.9
313.4

259,5
271.7
260.1
233.7
2460
325.3
345.7
283.3
278.0
307.3
329.5
218.6
368.7
3371
683.1
368.7
2302
188.0
288.0
284.5
195.5
279.7
336.8
316.2

258.8
270.7
258.4
233.5
2452
3255
345.7
283.0
277.1
306.7
327.6
219.6
365.7
339.3
664.0
375.9
231.6
191.1
285.1
281.3
194.4
280.9
336.7
318.8

252.1
239.7
2732
268.2
186.1
276.9
274.9
1920
303.3

0.7

1.1
254.0
241.6
2750
269.9
187.1
279.7
276.6
192.8
308.6

0.8
255.4
243.0
2765
271.3
188.4
281.4
278.3
1928
312.2

1.1
257.3
244.9
2783
273.3
189.0
284.6
281.5
193.7
316.9

0.4
258.3
245.9
279.0
273.5
189.5
288.2
285.1
1940
318.4

0.5
258.8
246.5
2793
273.3
189.3
290.8
287.8
1946
321.4

0.4
259.6
247.5
279.5
273.1
189.4
292.5
289.6
196.1
322.9

0.3
259.9
247.2
2815
275.9
189.3
291.9
288.7
196.0
324.4

0.2
260.4
247.2
2832
278.1
190.1
289.9
286.5
1945
325.6

-0.3
259.1
245.9
282.2
276.4
190.9
287.1
283.4
1946
325.7

294.8

296.2

296.4

295.7

296.1

2955

295.9

298.2

2985

297.9

313.9
3090

318.2
3113
2774
277.7
276.1

321.5
3113
2774
278.1
274.8

319.9
3109
276.9
277.2
275.7

277.4
314.7
291.8
277.8
306.8
246.2
242.1
247.4
311.7
293.4
705.8
202.7
264.5
285.7
273.5
305.1
315.1
283.9
239.5
203.7
2483
2504

277.3
315.3
291.9
277.7
307.2
248.5
247 1
248.3
311.4
294.5
697.6
2039
263.3
285.4
274.9
305.0
318.4
285.4
241.0
204.2
2447
2461

277.3
314.2
291.4
277.8
305.8
247.5
244.6
248.1
311.0
294.6
690.1
204.7
262.7
285.4
275.7
303.6
319.7
286.3
241.8
205.0
2449
2464

r

304.6
2803
2470
248.9
239.8

336.5
2983
2633
265.0
256.7

334.2
3020
2660
268.2
258.1

336.3
3058
268.5
270.6
260.8

334.4
3067
2699
271.5
262.5

335.4
3072
270.5
272.3
263.8

337.3
3085
271.8
273.5
265.4

333.0
310 1
2715
273.0
265.8

327.4
3097
271.5
273.1
265.3

319.9
3094
274.3
275.1
271.5

273.0

311.6
3096
275.3
275.6
274.1

251.5
2824
261.5
2508
273.0
2447
2494
2412
2748
260.3
5740
1877
248.9
2889
239.8
2864
283.0
2492
217.4
1835
2070
2088

263.8
3068
279.3
2634
296.4
255.1
2624
250.2
295.7
277.6
667.5
1952
257.7
2947
255.3
294.0
297.9
2672
226.4
1939
2291
2309

264.9
3109
282.3
2644
301.7
253.5
2607
248.5
299.6
280.4
696.5
1958
261.2
2944
257.5
296.4
300.9
2690
228.4
195.2
228 1
229.5

267.8
314.2
285.3
267.2
304.9
253.8
2633
247.6
3035
286.0
707.2
1964
263.5
2994
259.6
298.8
310.8
2714
230.8
197.6
2319
2339

268.6
314.8
286.2
2682
305.7
252.9
2596
248.2
304.7
288.6
709.0
1974
263.7
2984
260.7
2991
312.0
272 1
231.8
1992
2336
2360

269.1
315.7
286.9
268.9
306.4
254.3
2607
249.9
305.1
290.5
707.6
197.3
261.6
298.1
262.1
298.4
313.6
272.9
233.4
200.1
2343
236.7

270.8
316.8
288.0
2706
306.9
256.8
2633
252.2
306.2
291.3
704.9
1995
261.1
296.5
264.8
302.0
314.3
274.9
232.1
201.3
2350
2374

271.9
316.2
288.6
271.7
306.9
254.2
2579
251.2
307.2
293.3
704.3
1996
261.3
2945
266.2
304 1
314.1
275.9
234.1
202.4
2359
238.4

271.8
315.0
288.3
271.7
306.3
250.3
251 1
248.9
307.4
293.3
703.5
201.0
261.7
289.3
268.1
304.9
313.2
277.8
235.7
202.9
2318
2328

275.0 rr275.4
312.8
311.4
289.8 rr289.7
275.1 r275.8
305.5
304.5
246.0 r242.5
243 1 r 2374
246.6
244.3
309.0 r309.3
292.4 rr292.0
698.1
698.1
201.3 r202 1
260.0 rr259.8
284.3
282.1
269.3 '270.4
305.3 r304.2
r
313.7
313.3
279.2 rr280.4
237.3 ' r238.0
204.0 r203.6
2445
2463
247.8 r2489

275.9
311.6
290.0
276.3
304.5
241.2
234.5
244.0
310.1
292.7
702.7
202.2
262.7
285.2
271.6
303.6
313.6
280.7
239.0
203.1
2467
249.2

0.8

1.1

0.9

0.2

0.6

0.4

0.3

0.2

0.405
0.406

0.367

r
2747
r
275.2
r

r

0.6

332 1
298.4
2628
264.6
2504
2683
2142
308.7
2560

3284
301.5
2667
267.8
2523
2721
214.4
315.1
2579

3332
304.1
2682
270.4
2527
2755
216.2
319.8
2602

3337
305.7
2688
2706
2533
2756
2177
318.8
2620

336.9
306.9
2703
272.0
2545
277 1
218.9
320.4
264 1

3376
308.1
2713
272.9
2566
2774
218.5
321.2
2656

3344
309.7
2721
2733
2568
2779
2196
321.5
2674

328.4
309.8
272.6
273.9
2555
2793
219.5
323.9
2678

3227
309.7
2742
275.2
2550
281 4
222.5
325.3
2705

0.380
0.380

0.376
0.377

0.372
0.375

0.371
0.372

0.370
0.369

0.368
0.364

0.368
0.362

0.368
0.358

0.365
0.357

r

0.2

0.4

-01

-0.1

318 1
310.6
r
2755
r
276.3
2532
2834
r
224.5
r
328.0
272.5

313.8
311.3
276 1
276.6
253 1
2842
2243
328.9
274 1

3192
312.4
2773
277.9
2559
2848
224.0
330.1
2752

3173
311.4
2769
2777
257 1
2840
222.6
329.6
274 1

3146
310.4
2765
2768
2567
2830
2239
327.0
2755

0.364
0.356

0.363
0.355

0.360
0.354

0.360
0.353

0.361
0.353

0.5

r

S-7

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1980

Feb.

Annual

1982

1981
Mar.

Apr.

May

June

July

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

Feb.

Mar.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
230 273

r

237 037

16184

18020

19254

19978

21297

21498

21407

21834

15 445

14929

do
do .
do....

174 897
87261
63,139

183
501
r
85 806
r
61 989

12689
6178
4668

14 182
6924
5242

15088
7584
5524

15565
7883
5613

16355
8001
5810

16440
7814
5694

16409
7610
5,541

16363 16
349 15 638 15 234 12 438
7359 r7 106 '6698 '6025 '5165
'3,423
5,384
5,031
4,609 '3,953

11960
4754
3,175

Nonresidential buildings, except farm and
public utilities, total #
mil. $..
Industrial ..'
do
Commercial
do. .
Public utilities:
Telephone and telegraph
do....

52,434
13837
29945

59,747
16883
33489

4042
1063
2283

4450
1252
2457

4,614
1239
2609

4716
1283
2698

5073
1370
2875

5333
1492
3*028

5,511
1621
3065

New construction (unadjusted) total

mil $

Private total #
Residential
New housing units

r

21 307 '20 174 19200

5,527
1651
3031

5,635
1684
3087

5,498
1611
3067

5,237
1525
2969

4,542
1226
'2619

4,512
1203
2592

7,039

455

588

557

566

611

590

602

645

696

626

647

465

do

55376

r

53 536

3496

3839

4 166

4 414

4 941

5058

4998

5470

r

4958

'4536

3966

'3008

2969

Buildings (excluding military) #
Housing and redevelopment .
Industrial

do....
do
do

18864
1648
1788

18,452
1746
2083

1361

1508

1,493

1,507

1,553

1601

1,615

1,745

1,500

1,573
'142

1,498
'146

1,217

1,247

Military facilities
Highways and streets

do. ..
do....

1880
13,785

1943
13,162

Public total #

.

6,733

New construction (seasonally adjusted at annual
rates) total
bil $
Private total #

do

Residential
do
New housing units
.
do
Nonresidential buildings, except farm and
public utilities total $
bil $
Industrial
...
.
do
Commercial
do.
Public utilities:
Telephone and telegraph
do
Public total #

do
do
do....

Military facilities
Highways and streets

do. .
do

159
170
168
880

1,061

2545

2503

2465

1932

1896

1899

997

96 3

75 1

730

584
151
334

58 3

146
183
180

150
157
145

1465

1530

2359

2340

184 1

181 8

952
729

897
677

58 1

162
324

158
191
181

154
333

155
334

568
155
324

71

69
566
186
20
20'

70
518
179
19
22

155
187
182

129
230
163

124
112
151

1,469

1563

1414

2339

2298

2309

'2304

182 3

1806

1786

1792

860
643

82 9

805

'783

58 1

785
559

58 4

605
172
340

61 4

61 2

68

12868

605

183
337

183
334

3703
10675

3236
10113

3407
11512

3292
10360

3336
8953

3965
8903

5345
5929
2630

5272
6569
2537

5050
5887
2413

5560
5904
3454

5572
5853
2227

5270
4894
2*126

7,232

3649
10255

'3928
4 167
'2092

'783
'513

764
507

627
177

639
172

647

'359

'368

509

62 1

12328

99

14378

'798
'51 1

16
'19
115

12289

13904

r
2956
r

1793

'782

74
524
189
16
22
19
125

99

10 187

21

2304

'181 1

72

13651

150 189

21

21

'2327

1828

'51 1

14919

124

174
15

'2358

'1806

71

13350

21
15 1

17

51 6

'2330

'166
1 121

522
185
14
24
18
125

13 2

162

65
522
176
18
20
23

61 2

'431

110
149
145
446

184
345

13 3

606
204
19
20

528

17 1
14

112
119
163

204
163
748

159

186
330

67
493
175
18
18
16
122

73
613
197
19
19
22
178

do

Buildings (excluding military) $
Housing and redevelopment
Industrial

147
178
135
653

140
135
170
594

17 1

375

74

73

53 1

'51 6

51 1

189
17
26
19

167
17
15

18 1

15

21

21

11 6

126

19
134

9722

11577

8881

112

10580

92

116

97

3541
8787

2406
7316

2862
8715

2673
7907

2998
5883

5 125
4 844
2*898

5287
4872
2*169

4380
3 737
1605

4445
3739
3393

3458
3008
4 113

3606
3 143
2 132

CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation, total
mil $
Index (mo. data seas, adj.)
1977 — 100..
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record) §

148 393

106

107

112

117

123

102

109

100

101

mil $.
do....

41717
106,676

39070
111,120

do
do
do

52492
63668
32234

58250
60063
31877

do....

149,143

166,366

12,449

11,212

15,545

14,093

11,684

12,897

11,890

11,999

16,597

15,492

17,516

13,920

12,102

10,844

thous..
do
do.. .

1,312.6
12922
8522

1,100.3
10842
7054

72.5
719

108.9
1078

124.0
1230

110.6
1099

107.0
1058

101.0
999

87.3
863

90.9
84 1

88.1
872

499

64.9
646
40 1

59.7
59 1

341

'47.6
'472
'293

51.7
'510
'325

80.0
795

480
1294

1318

863

1301
*868

1 172

1046

1040

696

946
614

899
623

854
507

860
554

882
550

'885
'592

'924
'559

947
606

870
468

r

HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures

• do
do

New private housing units authorized by building
permits (16,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes
Unadjusted . . . .
Seasonally adjusted at annual rates

thous
do....

835

705

836

738
776

725
705

695

570

583

980

1 165

677

1 153

1 186

1 167

561

654

963
567

913
528

865
494

850
453

722
398

723
401

789
454

832
462

'795
'433

2216

2407

174
254

216
255

24 1

265

229
262

231
256

21 8

267

224
238

215
232

202
208

15 7

207

142
206

139
211

17 2

1560

1563

1 191

710

r

678

689

506

251

CONSTRUCTION COST INDEXES
Dept. of Commerce composite

1977—100

1433

152 1

1497

1521

151 1

1506

150 2

152 2

1530

1545

154 1

'153 6

1550

American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis

1913=100..
do....
do
do
do. .

2,495
2660
2553
2671
2343

2,643
2841
2645
2873
2453

2,581
2781
2639
2821
2357

2,576
2788
2629
2834
2346

2600
2807
2644
2 855
2361

2,635
2805
2640
2 855
2485

2655
2784
2631
2821
2476

2678
2894
2653
2915
2467

2,679
2896
2668
2909
2*505

2,676
2898
2658
2893
2*494

2678
2892
2655
2896
2491

2678
2878
2646
2918
2523

2,700
2893
2659
2934
2535

Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings 1977—100..
Commercial and factory buildings. ...
do
Residences
do....

125.1
1277
128.9

137.4
140 1
136.0

Engineering News-Record:
Building
Construction .

1967= 100..
do

287.7
3014

310.3
3289

Federal Highway Adm. — Highway construction:
Comoosite (ave. for vear or atr.)
1977=100..

163.0

156.7

See footnotes at end of tables.




132.6
1353
1313
298.4
3140

298.0
3150
160.0

139.7
141 9
1383

135.4
138 1
1344
305.5
3214

307.3
3233

308.3
3268
152.4

312.1
3316

142.1
1453
1404
313.5
3328

316.6
336 1
157.3

143.2
1459
1416
319.1
3419

323.6
3454

144.1
1463
142.1
323.3
3449
156.8

324.7
3468

325.7
3478

2
324.8
2

3472

S-8

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981

Annual

April 1982

Feb.

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE U
Mortgage applications for new home construction:
FHA net applications
thous units
Seasonally adjusted annual rates
do....
Requests for VA appraisals
Seasonally adjusted annual rates

do....
do....

141.4

92.3

202.2

153.8

13.0
144
17.3
192

8.3
121
14.9
196

11.3
120
18.2
192

8.8
88
15.4
180

7.4
84
14.2
156

6.2
65
13.8
150

7.2
84
11.9
135

5.4
58
8.5
99

4.5
50
9.0
100

4.6
61
8.7
123

8.2
126
9.1
141

7.5
136
9.3
142

8.6
126
9.1
119

9.8
104
11.1
118

Home mortgages insured or guaranteed by:
Fed Hous Adm ' Face amount
mil $ 16,458.53 10,278.14
Vet. Adm.: Face amount §
do.... 13,855.54 7,905.93

849.36
745.20

983.70 1,121.55
706.41 769.70

983.42
583.44

978.02
875.83

793.47
644.07

622.98 1,014.78
696.21 660.19

654.28
485.73

727.94
464.19

59331
357.69

443.87
327.39

606.52
393.60

585.12
421.78

Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..

48,206

49,175

53,148

56,095

59,475

62,471

64,662

64,409

65,194

65,099

65,089

66,162

48,963

New mortgage loans of all savings and loan
associations, estimated total
mil. $..
By purpose of loan:
Home construction
do
Home purchase
do....
All other purposes
do....

65,194

51,530

64,347

72,537

53,283

3,679

4,927

5,537

5,734

6,052

4,987

4,055

3,865

3,465

2,934

3,760

14946
42,957
14.634

11599
28,299
13.385

889
1,967
823

1,226
2,540
1.161

1367
2,828
1.342

1248
3,130
1.356

1 187
3,435
1.430

1003
2,771
1,213

772
2,323
960

803
1,970
1.092

650
1,838
977

600
1,498
836

824
1,682
1,254

1966
6.4
176
36
21.4
176
15.0
99
43
14
255
734

2109
12.9
174
48
22.3
158
14.3
95
40
19
275
80.7

284.8
21.1
147
72
30.9
184

393.3
16.5
384
5.4
31.1
342

275.3
11.6
21 1
3.8
23.5
203

18.1
146
59
32
256
1251

330.5
15.4
293
5.4
28.2
237
24.8
21.1
7.9
36
236
146.8

33.7
23.5
8.3
35
28.4
170.3

37.9
13.0
4.7
17
25.2
112.7

856.7
24.7
207.8
455
129.4
449.4

936.7
19.6
201.3
31 1
137.1
547.5

100,820
r
43,253
55 822 r57 567

r
95,938
r
40,333
r

r

2,628

2,636

r

495
r
l,204
r
929

555
1,185
896

795.0
13.2
149.1
31 7
91.7
509.4

738.3
21.6
208.4
426
120.6
345.0

729.6
22.5
197.3
260
119.1
364.7

r
98,565
r
41,012
r

r
87,340
r
35,404
r

88,293
36,551
51742

DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Information
Bureau):
Cost total
mil $
Apparel and accessories
do
Automotive incl accessories
do
Building materials
do
Drugs and toiletries . . .
do
Foods soft drinks confectionery
do

2846 1
1117
2295
483
2842
2116

2257
62
240
32
249
179

2680
121
257
32
274
184

2883
144
272
48
316
194

2979
11.1
310
74
313
175

238.9
1388
708
298
2897
1 1980

14.4
78
38
19
248
968

17.8
116
58
21
300
1139

19.6
148
60
30
298
1178

19.0
184
72
34
248
1268

267 1
7.4
290
53
27.4
195
25.7
123
54
20
285
104.5

9,575.4
225.6
25149
3872
1,380.0
50678

703.8
19.4
1992
246
113.3
3474

840.3
22.5
2350
312
136.2
415.4

816.6
18.4
2156
309
126.5
425.2

884.5
21.3
240.2
260
134.9
462.1

772.2
15.7
217.1
280
114.0
397.4

707.3
15.8
208.8
297
94.1
358.9

811.7
21.3
238.8
352
92.8
423.6

779.3
17.4
204.3
394
109.4
408.8

1,174,072
mil. $.. 1,055,168
do.... rr448,040 499,970
607 128 674 102
do

r
90,867
r
38,080
r

102,728
100,535
r
43,156 r43,155
52 787 r59 572 r57 380

r
98,116
r
41,850
r

100,159
r
44,359
56 266 r55 800

r
97,562
r
42,626
r

r
95,143
r
42,523
r

r
98,548
r
42,726
T

Beer wine liquors
Houshold equip supplies furnishings
Industrial materials

do. ..
do
do

Smoking materials
All other

do
do

Newspaper advertising expenditures (Media
Records Inc.):
Total
mil. $ .
Automotive
do....
Classified
do
General
Retail

do....
do

r

8r 185.9
!82.4
2r 195 6
2973
1,121.7
r
4 388 9
r

WHOLESALE TRADE J
Merchant wholesalers sales (unadj.), total
Durable goods establishments
Nondurable goods establishments

Merchant wholesalers inventories, book value,
655
end of year or month (unadj ) total
mil $ 104
Durable goods establishments
do.... r65,825
Nondurable goods establishments
do.... r38,830
RETAIL TRADE

Automotive dealers
Motor vehicle dealers

do....
do

Furniture home furn. and equip. # ... do. ..
Furniture, home furnishings stores
do....
Household appliance, radio. TV
do....
See footnotes at end of tables.




52 620

55 605

57 553

51 936

225 108,655 111,015 111,163 111,331 110,630
390 107 057 105
584 105 171 106 021 104 675 105 722 107
111 163 106
r
r
71,411 rr71,008 rr72,450 '72,345 '71,575 72,181
68,735 '70,199 '70,870 r69,825 '70,590
72,345 rr67,323 '68,264
r
r
38,818 39,067 r38,793 '36,849 -•34,972 '35,151 '34,850 35,132 35,814 37,647 38,565 '38,818 '39,756 38,449

All retail stores: t
Estimated sales (unadj ) total 1°
mil $ r951 902 1 038 790
r
Durable goods stores #
do
296 594 326 596
Building materials, hardware, garden supply,
r
53 164
and mobile home dealers
mil $
49 616
180,722
Automotive dealers
do.... 162,309
r
43,416
45,701
Furniture, home furn., and equip
do....
r
655 308 712 194
Nondurable goods stores
do
127,494
General merch. group stores
do.... 117,227
r
217
047 237 586
Food stores
do
Gasoline service stations
do.... r93,624 101,665
47,755
Apparel and accessory stores
do.... rr44,426
94,070
Eating and drinking places
do.... r85,842
30 504
32999
Drug and proprietary stores
do
17 083
17 461
Estimated sales (seas adj ) total 1"
do
Durable goods stores #
do
Building materials, hardware, garden supply,
and mobile home dealers $
mil $
Building materials and supply stores do
Hardware stores
do....

54 936

r

r

r

r

86,899

r

r

r

r

85,522

r

r

r

r

r

r

r

r

r

r

r

r

73 727
23 666

83 971
28 063

85 210

27,501

27,522

87,309

28,985

r
4 192 r4,695 r4,969 r5,174
3485
15,213 16,205
16,746 15,694
13,872
r
r
3,785
3,312 '3,670 r3,571 r3,630
r
r
r
r
58,324
'57,709
908
59 377
50
061 55
r
r
10,079
9,054 10,033 10,307
7,228
r
20,339 19,693
17
436 18 788 19,346
r
r
8,397 r8,636 r8,895
7,530 r8,285
r
2,913 r3,445 Tr 3,957 rr3,724 rr3,623
r
8,253
8,176
7,806
6,668 •7,620
r
2424 r2589 r2,653 r2693 r2,699
ri 04^ 1 297 1 336 1 436 1 422
r
85 201 r86 128 r86,263 r86 361 r87,299
r
27 197 r27,601 r27,166 r27,488 r27,725
r

88,248

28,858

89,046

29,248

r

4,952 r4,824
16,307
16,742
r
3,745 r3,881
r
r
59,798
59,390
r
9,600 10,423
r
r
20,928
20,121
r
9,069 r8,855
r
3,589 r 4,126
r
8,432
8,500
r
2,710 r2,699
1 506 1 479
r
87,292 r87,961
r
27,759 r28,098

27,626
r

4,704
15,425
'3,838
r
57,896
r
9,905
19,544
r
8,551
'3,920
r
7,989
r
2,601
1 396
r
87,823
r
27,810

88,779

27,165

87,331 106,069
25,750

r

29,140

r

76,647

r

r

r

21,704

75,840 '86,025
23,406 '27,998

4,662 '4,190 r3,841 r3,058 r3,092 '3,704
14,842
13,444 13,341 12,118 13,821 17,085
r
3,887 '3,987 r4,836
'3,211 '3,194 '3,638
r
61,614 r61,581 r76,929 r54,943 r52,434 '58,027
'7,442 '7,461 '9,585
11,014
12,622 19,888
r
r
22,019 19,966 18,593 '20,134
20,723 19,514
'8,664 r8,271 r8,555 r8,110 r7,512 '7,647
r
'4,227
'3,302 '3,141 '3,769
4,268 '6,676
r
r
'7,260 '8,120
8,183 '7,570
7,888
'7,279
r
r
2,590 r2,567 '2,816
2,760 r2,725 rr3,837
1284
1458 1438
2 125 1333
r
86,413 r86,733 '86,572 r85,320 r87,574 '87,164
r

r

26,354

r

26,436

r
4604
r
3073
r

r
4620
r
3082
r

r
4578
r
r

r
4580
r
3045
r

r
4487
r
2937
r

r
4,377
r
2876
r

r
4,313
r
2807
r

r

4,152
2712
r
771

r
4,213
r
2758
r

r

26,206
r
4,058
r

r

25,316
r
4,046
r
2538
r

r

26,762 '26,993

r
4,149 '4,017
2690
2586
3 074
3 142
844
786
789
'783
803
794
782
784
796
777
783
792
14,877 15,233 14,877 15,191 15,364 15,451 15,896 15,664 14,506 14,596 14,497 13,677 14,723 15,188
12,083 13,066 13,555
13 188 13,608 13 256 13,595 13,718 13,728 14,148 13,888 12,806 12,866 12,819
1657
1689 1625 1621 1596 1646 1723 1748 1776 1700 1 730 r!678 1594
r
r
r
r
r
r
r
r
T
r
r
r
r
'3,758
3,693
3,775
3,776
3,508
3,781
3,734
3,828
3,864
3,817
3,838
3,814
3,833
3826
r
r
2,193
2,391 r2,289 '2,270 r2,285 r2,112
2,338 r2,334 r2,353 r2,374 r2,358 r2,275 r2,351
1,200
1,228
1,246
1,137
1,236
1.176
1,202
1,200
1.138
1.164
1.185 1.176
1.161
r
4681
r
r

S-9

SURVEY OF CURRENT BUSINESS

April 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1982

1981
Feb.

Annual

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores t—Continued
Estimated sales (seas, adj.) —Continued
Nondurable goods stores
General merch group stores
Department stores
Variety stores

r

mil $
do
do....
do

Food stores
Grocery stores
Gasoline service stations

58 004 r58 527 r59 097 r58 873 r59 574 r59 533 r59 863 '60 013 '60 059 '60 297 '60 366
10
367 10 406 10
628 10 523 10*743 10 610 10 743 10 651 10 634 10 751 10 774
r
r
8646 r8553 r8764 r8632 r 8746 '8683 '8645 '8721 '8728
8409 r8486
r
r
r
r
r
r
763
740
'737
•748
752
749
756
756
'732
'740
'738

('»)

19,122 19,366 19,628 19,577 19,798 19 881 r20,131 '20,053 '20 199 '20,393 '20 487 '20,213 '20,389 1'20,407
17
568 17 861 18 097 18 069 18 282 18 337 18614 18 525 18 694 18 867 18 950 18 666 18713 18 729
r
8442 r8463 r8482 r 8442 r8480 T8468 r 8449 '8551 '8511 '8536 '8521 '8628 '8422 '7,771
r
r
'3,945
'3,964
3,929
'3,947 '4,296 '4,240
3,985
'4,003
4,013
'4,029
'4,035 '3,994 '3,985 '3,984
r
r
r
r
r
r
'627
608
666
650
655
649
'678
'568
652 r r651
656
'672
'630
1
459
1645
1488
1
476
1
479
1
512
1505
1459
1471
1534
l
511
1518
1485
r
r
r
r
r
r
r
709
761
712
720
720
'712
'750
'722
718
729
730
'708
'702

do....
do
do....

Apparel and accessory stores #
do....
Men's and boys' clothing
do....
Women's clothing spec stores furriers do
Shoe stores
do....
Eating and drinking places
Drug and proprietary stores
Liquor stores

Nondurable goods stores #
General merch. group stores
Department stores
Food stores .
.
Apparel and accessory stores

Firms with 11 or more stores:
Estimated sales (unadjusted) total

r
7823
2,658 r2,677
1 450 1 441
r

lll,104
r
52,991
r
9,197
'24
708
r
8,346

mil $
do
do....

r

338 028

r
64,242
r

22,515
16 897
13
825
r
9574

r

372 443

r

r

25
023
r
3,606

l 447

'7807
r
2777
r
l 449

2,774
1435

'7813
'2797
1459

'7989
'2791
1462

'7999
'2802
1458

'7935
'2801
1463

'7880
'2801
1500

r
58,784
r

r
61,292 r61,655 r61,422 r61,953
20,515 r21 977 r22 429 r22 513 r22 899
15215 16 320 16819 16 934 r!7 035
12
718 13 089 13 089 13 020 13012
r
8987 r9362 r9382 r9 198 r9261

'63,331
r
23 456
r
!7 370
13 093
'9653

'65,026
'24 383
'18 050
13 138
10 089

'68,033
'26 223
'19 514
'13 446
10 525

'71,806
'28 405
'21 242
13 905
10 978

'73,427
'28 746
'21 730
14 208
11 193

r

24 715

27
216
r
3,846

r

345 227
116,115
127 517
125,629
18,798
r
20 125
17 769

r

28 490
r

1681
r
257
r

r

29 968
r

2007
r
297

r

r

30 891
r

2r187
334

r

r

30 239
r

2297
r
324

r

'7973
'2690
1466

'8432
'2818
1497

'8320
'2,894

231 17

231 31

125 693 124 429
'58 835 57864
'9,822
9,652
'27 987 27664
8974
'9074

66565
24764
18504
13*724
10201

30 489 '31 053 '30 017 '32 282 '33 310 '44 821

27395

r

r

2326
r
349

'2274
'334

'2230
'322

'2 278
'342

'2404
'321

r

23
034 26 483 27 781 28 594 27 878 28 163 '28 779 '27 787 '30 004 '30 906
r
6,520 r8,279 r9 112 r9388 r r9'210 r r8,711 '9505 '9041 '9*992 11 533
r
9341 10
039 10 272 10 858 !0 421 ll 149 10 708 10 487 11 246 10 488
r
9202 r9897 10 118 10 710 10 276 10 990 10 555 10 340 11 098 10 339
1,038
1,350
1630 1491 1,428
1,378
1,560
1,631
1729
1,678
1424 1654 1652 1759 1724 1808 1804 1641 1 755 1690
1263 1 385 1434 1459 1445 1452 1442 1365 1436 1*477

'3 447
'345

do
do....
do
do....

1560
r
672
342
1.435

1562
'668
r
340
1.449

1575
r
682
'344
1.477

1563
r
665
r
349
1.472

1590
r
683
r
350
1.497

1585
r
675
r
351
1.502

1569
'666
'342
1.504

1572
'665
'336
1.493

1 831
275

'41 374 25564
6768
18*270
12 064 10985
11*790 10797
1 195
'2,790
1 705 1 568
1382
'2*254

30r216 r30 468 r30 907 r30r 783 r31 389 r31r270 '31 415 '31 412 '31 187 '31 391 '31 827
r
337
'326
'315
'313
316 r r315 r 317 r '325 r 326
'324
'320
r
r
8349
8,224
8,439
8,325
'8,407
8,091
8134
'8,436 '8363 '8,328 '8374
r
r
r
r
r
r
579
576
582
'589
'571
'578
580
609
584
572
'580
10 068 10 267 10 293 10 358 10 507 10 547 10 738 10 627 10 640 10 725 10 927

(2)

62,666
22200
16635
13532
9344

'66 858
'24 821
18 487
13 702
'9952

2r361
353

r

'64,242
'22 515
16 897
13 825
'9574

r

. do ..
do...
do....
do
.do

Apparel and accessory stores
Women's clothing, spec, stores, furriers.,
Shoe stores
Drue stores and oroorietarv stores

r
7854
r

2717
1439

l!4
114 125
693 116118 116 148 116 968 118 191 120 010 121 993 123 341 124 376 125 364 125 618
r
r
53,747
58,835 r54,355 r53,944 r54,629 r55,560 r56 764 r57 865 '58 545 '58,761 '59 014 '58,907
r
r
r
9,610
9,822
9,633 r9,798 r9,761 10,064 10,015 r9,946 '9,954 '9,881 '9,895 '9,903
r
r
24
488
27 987 r24 655 r23 926 r24 881 r25 439 r26 705 r27 718 '28 149 '28 276 '28 294 '28 091
r
r
r
8,542
8,707 r8805 r8691 r8775 r8782 r8784 '8780 '8811 '8900 '9068
9,074
r
r
r
60,367
66
858
61
763 r62 204 r62 339 r62 631 r63 246 r64 128 '64 796 '65 615 '66 350 '66711
r
r
21,810
24,821 r22,358 r22,594 r22 623 r22,862 r23 300 r23 702 '24 073 '24,519 '25 188 '25,113
r
!6213
18 487 16 647 16 756 16 887 17 122 17 347 17 688 17 960 18 375 18 899 18 798
12,535
13
702 12
991 13011 13 076 13 152 13 143 13 279 13 365 13 568 13 474 13 583
r
r
r
9,388
9,952
9,581 r9,582 r9,613 r9,463 r 9627 r9,810 '9872 '9,901 '9899 10,030

r
Nondurable goods stores $
do
313 005
General merchandise group stores
do.... 105,982
115
059
Food stores
. do
Grocery stores
do.... 113,630
Apparel and accessory stores
do.... 17,066
Eating places
do
18 237
Drug stores and proprietary stores. . .. do.... 16 137

Estimated sales (sea adj ) total #
Auto and home supply stores
Department stores
Variety stores
Grocery stores

r
7815
r

r

do....
do....
. do.
do....
do....

Durable goods stores
Auto and home supply stores

r
7759
r
2,713
r

122,236
113,049 116,189 117,386 118,319 119,770 121,401 121,532 124,524 130,334 133,246 122,236 120,174
r
57
994 r54,265 r54 897 r55,731 r56 897 r57 817 r58 070 '56 506 '56 491 '58 528 '59 819 '57 994 57508
r
r
9,390
9,652 10,102
10,142 10,346
10 185 r9936 '9894 '9,772 '9776 '9,745 '9390
9,372
T
28
211 r25
025 r24
859 r25
777 r26
711 r27 747 r28 134 '26 094 '25 759 '26 879 '27 838 '28 211 28217
r
r
r
r
r
8847
8489
8726
8708
8784 r8826 '8*731 '8833 '8908 '9256 '9349 '8847
8669

r
58,113
19811
r
!4 835
r
!2
600
r
9,041

do....
do....
do
.do.
do....

Book value (seas, adj.), total
do....
Durable goods stores #
do....
Building materials and supply stores .. do....
Automotive dealers
do....
Furniture, home furn., and equip
do....
Nondurable goods stores #
General merch. group stores
Department stores
Food stores
Apparel and accessory stores

r
7753
r

do. .
do....
do

Estimated inventories, end of year or month: t
Book value (unadjusted), total
mil. $..
Durable goods stores #
do....
Building materials and supply stores .. do....
Automotive dealers .
. do
Furniture, home furn., and equip . .. do....

171
'60 004 '60 812 '60
10 427 10 725 1 10 967
'8672 '8,884 '9,068
714
'707

31575
329
8351
551
10733

1544
'651
'337
1.501

1567
'655
'337
1.503

1591
'655
'366
1.489

1642
681
406
1.475

230 48

23067

230 84

231 01

LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total incl armed forces overseas if
mil

3

3

109 042
2 102
106,940
99303
7,637

110 812 109 136 109 762 110035 110713 112035 112881 112259 110438 111 402 111 337 110 738 110173 110492 110936
2 164
2 168
2142
2 121
2 128
2129
2127
2 160
2 165
2 158
2158
2 159
2 175
2 131
2 139
108 670 107 015 107 634 107 906 108 586 109*904 110 742 110099 108*273 109*244 109 179 108 574 108014 108 324 108 761
100 397 98401 99364 100 345 100 855 101 419 102 612 102 152 100 389 101 028 100 502 99562 97831 97946 98471
8,273
8,614
8271
7731
8 130
7,947
8*216
7561
8*485
7*884
8676
9,013 10183 10,378 10,290

227 66

229 80

22898

229 12

229 28

229 44

229 62

229 80

23003

230 26

LABOR FORCE
Not Seasonally Adjusted
Labor force, total, persons 16 years of age
and over
Armed forces
Civilian labor force total
Employed
Unemployed

thous.
do
do....
do
do....

Seasonally Adjusted H
Civilian labor force total
Participation rate *
Employed, total
Employment-population ratio *
Agriculture
Nonagriculture
Unemployed, total
Long term, 15 weeks and over
See footnotes at end of tables.

371-676 0 - 82 - S2




do
percent..
thous..
percentthous
do....

58.5
3364
95,938

do....
do....

1,871

63.8

108 034 108 364 108 777 109 293 108 434 108 688 108 818 108 494 109 012 109 272 109 184 108 879 109 165 109 346
63.7
63.7
63.5
639
64 1
644
638
636
638
639
638
63.8
638
639
100,069 100,406 100,878 101,045 100,430 100,864 100,840 100,258 100,343 100,172 99,613 99,581 99,590 99,492
57.3
57.2
58.0
57.9
57.5
57.4
58.3
58.4
58.5
58.7
58.8
58.3
58.5
58.4
58.0
3,373
3,349
3404
3378
3372
3209
3411
3346
3343
3470
3405
3348
3342
3358
3368
97,030 96,723 97063 97404 97640 97082 97522 97436 96900 96,965 96,800 96,404 96,170 96,217 96,144
639

2,285

7965
2,322

7958
2,269

7899
2,187

8248
2,231

8004
2,363

7824
2,170

7978
2,217

8236
2,248

8,669
2,292

9 100
2,364

9,571
2,372

9,298
2,399

9,575
2,724

9,854
2,954

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1982

1981

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE—Continued
Seasonally Adjusted H
Civilian labor force—Continued
Unemployed—Continued
Rates (unemployed in each group as percent
of civilian labor force in the group):
All civilian workers
Men 20 years and over
Women 20 years and over
Both sexes 16-19 years

71
5.9
64
178

76
6.3
68
196

74
6.0
66
19 1

7.3
6.0
66
192

73
58
66
190

75
6.3
67
194

7.4
6.1
66
19.2

7.2
5.8
67
18.7

7.3
6.0
6.6
19.0

76
6.2
69
19.7

8.0
6.7
70
20.4

8.3
7.1
72
21.4

8.8
7.9
74
21.5

8.5
7.5
72
21.7

88
7.6
76
22.3

9.0
7.9
79
21.9

White
Black and other
Married men, spouse present
Married women spouse present
Women who maintain families

63
131
4.2
58
92

67
14.2
4.3
60
10.4

65
13.2
4.1
58
9.8

64
13.6
4.1
59
9.6

64
132
3.8
59
99

67
13.7
4.0
58
10.4

6.4
14.2
4.2
57
10.7

6.3
13.8
3.9
57
11.2

6.2
14.7
4.0
5.5
10.1

66
14.8
4.4
60
10.7

7.0
15.2
4.8
6.1
10.6

7.4
15.2
5.2
6.5
10.8

7.7
15.7
5.7
6.6
10.5

7.5
15.1
5.3
6.2
10.4

77
15.9
5.3
70
10.2

7.9
16.6
5.5
7.1
10.6

3.7
100

4.0
10.3

3.8
102

3.9
10.0

4.0
97

4.0
99

3.9
98

4.0
9.5

3.9
9.5

4.1
10.2

4.1
10.9

4.2
11.8

4.5
12.7

4.2
12.5

4.6
125

4.8
12.9

7.4
14 1
85
9.0

7.7
156
8.3
8.2

7.6
137
8.5
8.7

7.5
14.7
8.1
8.0

7.3
145
7.6
7.5

7.7
157
7.8
7.4

7.4
161
7.4
7.1

7.2
15.2
7.3
7.1

7.3
16.2
7.0
6.5

7.7
16.3
7.9
7.7

8.1
17.6
8.6
8.6

8.4
17.8
9.4
9.5

9.1
18.1
11.0
11.8

8.8
18.7
10.4
11.0

9.0
18 1
10.6
11.3

9.5
179
10.8
10.8

90,564
74,316

91,548
75,493

90,138
73,680

90,720
74,227

91,337
74,880

91,848
75,434

92,481
76,278

91,600
76,213

91,598
76,450

92,159
76,599

92,424
76,403

92,293
76,136

91,932
75,803

r

89,799
•73,912

r
89,964
r

P
90,255
P

P
90,822
P
74 923
P

Occupation:
White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
EMPLOYMENT f
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation ....thous..
Private sector (excl. government)
do....

73,852

74,074

Seasonally Adjusted t
Total employees, nonagricultural payrolls
Private sector (excl government)
Nonmanufacturing industries
Goods-producing
Mining
Construction

do....
do
do....
do
do....
do

90,564
74316
54,016
25718
1,020
4399

91,548
75492
55,228
25676
1,104
4307

91,258
75018
54,841
25,657
1,091
4389

91,347
75 143
54,952
25,705
1,098
4416

91,458
75288
54,958
25700
950
4418

91,564
75,433
55,019
25,705
957
4334

91,615
75,575
55,151
25,818
1,110
4284

91,880
75,888
55,353
25,939
1,132
4,272

91,901
75,984
55,479
25,931
1,151
4276

92,033
76,128
55,632
25,930
1,162
4272

91,832
75,894
55,653
25,662
1,162
4259

91,522
75,596
53,579
25,418
1,172
4,229

91,113
75,183
55,447
25,104
1,175
4 193

r
90,879
r
74,980
r
55,430
r
24,801
r
l,166
r

r
9 1,040
r
75,149
r
55,642
r

Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing

do....
do
do....
do
do....
do....
do....
do. .
do....
do
do....
do....

20,300
12 181
690
469
666
1,144
1,609
2,497
2,103
1875
708
419

20,264
12 139
680
477
651
1,128
1,584
2,513
2,134
1839
718
415

20,177
12074
691
466
654
1,140
1,577
2,481
2,110
1833
711
411

20,191
12099
692
467
651
1,141
1,581
2,480
2,117
1849
712
409

20,332
12207
702
478
656
1,145
1,595
2,491
2,134
1878
714
414

20,414
12254
710
484
658
1,142
1,604
2,511
2,143
1872
716
414

20,424
12,278
699
486
658
1,144
1,604
2,521
2,148
1886
717
415

20,535
12333
702
488
658
1,140
1,614
2,533
2,163
1,886
723
426

20,505
12,311
686
487
660
1,148
1,610
2,542
2,166
1,889
727
417

20,496
12,115
677
485
655
1,139
1,606
2,551
2,163
1,889
727
419

20,241
12,115
652
480
644
1,114
1,575
2,549
2,150
1811
723
417

20,017
11,932
634
470
634
1,090
1,546
2,522
2,119
1,783
719
415

19,736
11,714
619
464
622
1,058
1,516
2,488
2,089
1,725
717
416

r
!9,550
r
ll,596
r
615
r
458
r

19,507 Pp19,375
11,562
llP485
r
625
620
r
P
454
451
r
605 p P599
l,017
1,026
p
l,481
1,493
2,441 P2,418
r
2,085 Pp2,075
1 721 lP722
709
704
r
P
403
398

do
do
do..
do....
do....
do....
do....
do....
do
do....
do....

8 118
1711
69
853
1,266
694
1,258
1,107
197
731
233

8 126
1683
71
840
1,256
692
1,288
1,107
211
744
233

8 103
1705
72
839
1,243
691
1,272
1,109
210
731
231

8092
1691
72
838
1,243
689
1,276
1,108
210
734
231

8 125
1697
72
842
1,250
691
1,280
1,107
211
744
231

8 160
1703
71
843
1,258
694
1,283
1,109
213
753
233

8 146
1673
71
846
1,264
695
1,284
1,111
212
757
233

8202
1691
71
856
1,278
696
1,290
1,110
212
760
238

8173
1,668
73
849
1,272
698
1,295
1,106
212
764
236

8 185
1669
71
849
1,273
703
1,301
1,112
211
760
236

do....
do....
do....
. . do
do
do....
do
do
do ...
do

64,847
5,143
20,386
5281
15 104
5,168
17901
16249
2,866
13383

65,873
5,152
20,736
5343
15393
5,330
18598
16056
2,774
13283

65,601
5,135
20,600
5,313
15287
5,283
18,343
16240
2,795
13445

65,642
5,139
20,635
5,316
15319
5,293
18371
16204
2,781
13423

65,758
5,161
20,636
5,333
15303
5,316
18475
16 170
2767
13403

65,859
5,148
20,714
5,346
15368
5,326
18540
16 131
2,779
13352

65,797
5,149
20,717
5,349
15368
5,331
18560
16040
2,781
13259

65,941
5,167
20,796
5,360
15436
5,344
18,642
15992
2,777
13215

65,970
5,170
20,862
5,375
15487
5,354
18,667
15917
2,770
13,147

66,103
5,186
20,872
5,370
15502
5,366
18774
15904
2,765
13 140

66,170
5,168
20,916
5,360
15556
5,360
18,788
15938
2,759
13 179

66,104
5,147
20,838
5,363
15475
5,355
18838
15926
2,748
13 178

66,009
5,122
20,735
5,336
15399
5,366
18,856
15930
2,741
13 189

r

Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous..
Manufacturing
do....

60,457
14,223

61,210
14,088

59,633
13,971

60,115
14,049

60,736
14,127

61,204
14 195

61,911
14,325

61,814
14,108

62,018
14,230

62,194
14,376

62,007 61,727
14,147 N 13,904

61,372
13,601

r

60,457
18442
757
3461
14223
8,438
577
378
516
879
1,193
1,605
1,336
1,215
424
314

61,210
18250
812
3350
14,088
8,321
565
384
501
867
1,168
1,592
1,338
1,176
422
307

60,870
18298
806
3439
14053
8,297
576
376
503
879
1,164
1573
1,326
1,176
419
305

60,961
18346
813
3459
14074
8,325
577
376
501
879
1,169
1,575
1,334
1,190
420
304

61,114
18338
689
3462
14 187
8,412
586
386
506
884
1,178
1580
1,345
1,218
422
307

61,179
18317
694
3376
14247
8,442
593
392
507
880
1,184
1594
1,353
1,210
423
306

61,292
18387
819
3323
14245
8,455
585
393
506
882
1,187
1602
1,354
11,218
422
306

61,585
18476
834
3315
14327
8,491
585
396
508
879
1,197
1,605
1,365
1,213
427
316

61,622
18459
850
3315
14294
8,485
571
395
510
883
1,193
1,618
1,364
1,217
426
308

61,770
18454
857
3316
14281
8,465
563
391
505
877
1,187
1624
1,360
1,221
426
309

61,527
18 185
854
3301
14030
8,267
540
385
495
851
1,157
1,615
1,347
1,147
423
307

60,759 r60,538 r60,687 "60,488
17611 17 326 17 373 P17 242
r
864
'852
850
"847
r
3233
3 132 r3 207 P3 158
13514 13
342
13321
"13
237
r
r
7,868
7,758
7,745
"7,691
r
r
506
502
513
"508
r
r
P
370
364
360
358
r
r
473
458
"453
458
r
799
'783
772
"764
1,085
1,102
1,078
"1,070
1554
1523 1 514 "1494
1,278
1,285
1,278
"1,259
1,064
1,048
"1,075
1,066
r
r
417
413
411
"408
r
r
305
297
295
"292

Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance, and real estate
Services
Government
Federal
State and local

8 126
1 675
70
833
1,259
691
1,302
1,108
210
744
234

8085
1 676
70
823
1,251
686
1,302
1,104
210
733
230

4085

607
1,042
1,501
r
2,455
r
2,093
1,706
r
711
r
408

55,548
24,841 "24,660
p
1,166
l,163
r
4 168 P4 122

r

8022
1669
70
812
1,233
682
1,302
1,100
208
722
224

r

7954
1663
71
795
r
l,210
r
678
r
l,301
1,093
r
203
r
718
222
66,078
r
5,124
20,849
r
5,321
15 528
5,361
T
18,845
15
899
r
2,742
13 157
r

P
7890
P
1667
P
68
P

7945
1678
70
r
792
1,211
673
1,303
1,093
r
201
r
712
r
212
r

66 199
r
5,101
'20,925
r
5,320
15
605
r
5,364
18918
15
891
r
2737
13 154

59,534 r59,500
13,276 13 250

780
"1,192
P
667
p
l,302
p
l,090
P
201
P
713
P
210
P

66,162
P
5,088
20,904
P
5,309
P
15
595
P
5,373
P
18
898
P
15
899
P
2732
P
13 167

P

P
59,705
P

13,215

Seasonally Adjusted t
Production or nonsupervisory workers on private
uonagricultural payrolls t
thous..
Goods-producing
.
.
do
Mining
do ..
Construction
do
Manufacturing
do
Durable goods
do....
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabricated metal products
do....
Machinery, except electrical
do....
Electric and electronic equipment
do....
Transportation equipment
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
See footnotes at end of tables.




61,210
17934
862
3275
13*797
8,083
521
376
485
828
1,132
1587
1,308
1,121
418
307

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

S-ll
1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t— Continued
Seasonally Adjusted t
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services

thous..
do....
do....
do....
do....
do....
do....
do....
do....
do....
do....

5,786
1,175
54
741
1,082
524
703
626
124
562
196

5,768
1,153
55
727
1,069
521
712
627
132
574
197

5,756
1,168
55
727
1,061
520
707
625
134
564
195

5,749
1,158
56
727
1,061
519
708
626
134
566
194

5,775
1,164
56
729
1,065
521
709
627
134
575
195

5,805
1,170
55
731
1,071
523
710
629
135
584
197

5,790
1,144
56
733
1,077
524
709
632
133
585
197

5,836
1,160
55
742
1,092
525
711
630
133
586
202

5,809
1,140
57
738
1,082
526
714
630
132
592
200

5,816
1,140
56
737
1,084
5
718
631
131
588
200

5,763
1,149
55
722
1,071
31
718
626
130
573
199

5,714
1,149
55
710
1,062
520
716
620
129
573
199

5,646
1,141
54
699
1,046
516
715
615
127
551
189

do....
do....
do....
do
do....
do....
do .

42,015
4,291
17,881
4319
13,562
3,913
15930

42,961
4,274
18,128
4348
13,779
4,026
16533

42,572
4,270
18,013
4329
13,684
3,992
16297

42615
4,268
18,031
4330
13,701
3,996
16320

42776
4,291
18,027
4342
13,685
4,017
16441

42,862
4,272
18,084
4352
13,732
4,024
16482

42,905
4,269
18,093
4350
13,743
4,030
16513

43,109
4,284
18,200
4367
13,833
4,037
16588

43,163
4,284
18,230
4370
13,860
4,047
16602

43,316
4,305
18,271
4367
13,904
4,055
16685

43,342
4,277
18,311
4359
13,952
4,049
16705

43,342
4,277
18,311
4359
13,952
4,049
16705

43,148
4,235
18,120
4339
13,781
4,041
16752

35.3

35.2

432
37.0

436
368

35.0
35.2
428
350

35.2
35.3
423
372

35.2
35.4
436
369

35.2
35.3
438
369

35.4
35.2
42 1
372

35.6
35.3
435
37.7

35.6
35.2
44 1
37.3

35.0
34.9
438
35.7

35.1
35.0
44 5
37.5

35.1
35.0
443
37.0

35.2
34.9
447
37.0

39.7

39.8

39.9
39.9
28

39.7
40.2
29

40.1
40.3
32

40.2
40.1
30

39.6
40.0
30

39.8
40.0
30

39.5
39.3
27

39.7
39.5
27

39.6
39.3
25

39.9
39.0
24

r
5,584
1,133
56
683
1,027
506
r
715
r
608
r
!21
r
548
r
!87

r

P
5,546
p
l,143
P
53
P
672
p
l,012
P
499
P
719
P
606
P
120
P
545
P

5,576
1,150
r
54
r
681
1,026
503
r
715
r
606
121
r
543
177

r

r
43,212
43,309
r
4,228 r4,207
18,205
18,286
r
4311 r 4308
13,894
13,978
r
4,035 r4,028
16 744 16 788

177

P

43,246
P
4,196
P
18
268
P
4299
P
13,969
P
4,036
P
16 746

AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: fl Not seasonally adjusted
hours..
Seasonally adjusted
do....
Mining $
do
Construction^-"
do....
Manufacturing:
Not seasonally adjusted
do....
Seasonally adjusted
do....
Overtime hours
do .

28

28

39.5
39.8
28

Durable goods . .
. . .
Ovt rtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing

do
do....
do....
do....
do....
do
do .
do....
do....
do....
do....
do....

40 1
2.8
38.6
38.1
40.8
40 1
40.4
41.0
39.8
40.6
40.5
38.7

402
28
38.7
38.4
40.7
405
403
40.9
39.9
40.9
40.4
38.9

40 1
28
39.1
38.6
40.6
407
402
40.8
39.6
40.5
40.5
38.6

40 4
28
39.1
38.6
40.7
41 0
402
40.9
40.0
40.9
40.5
38.7

408
30
39.6
38.8
41.2
412
409
41.3
40.2
42.0
40.1
38.9

408
3.2
39.8
39.0
41.0
410
409
41.4
40.4
41.8
40.4
39.2

405
3.0
39.0
38.9
40.8
408
407
41.1
40.2
41.4
40.4
39.1

405
3.0
38.8
38.5
40.9
405
405
41.1
40.5
41.2
40.5
39.2

405
3.0
38.6
38.6
40.8
407
405
41.2
40.4
41.3
40.8
39.1

397
2.6
37.3
37.5
40.3
406
39.5
40.3
39.6
39.9
40.5
38.4

399
2.6
37.6
38.1
40.0
398
40.0
40.7
39.9
40.5
40.4
39.0

397
2.4
37.5
37.7
40.0
397
396
40.6
39.3
40.3
40.3
39.0

393
2.4
37.6
37.7
39.5
392
39.2
40.3
39.2
39.4
39.9
38.4

Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures^
Textile mill products
Apparel and other textile products

do
do....
do....
do
do....
do....

390
2.8
39.7
38 1
40.1
35.4

392
2.8
39.7
388
39.7
35.7

392
2.9
39.9
385
40.0
35.6

392
2.8
39.7
372
39.9
35.7

393
2.9
40.1
372
39.8
35.5

396
3.1
40.0
386
40.5
36.0

394
3.0
39.8
385
40.2
36.1

393
2.9
39.4
386
40.4
35.9

393
2.9
39.4
407
40.3
36.1

389
2.8
39.2
402
38.9
35.2

390
2.8
39.5
39.4
39.3
35.7

388
2.7
39.6
388
38.8
35.6

386
2.7
39.8
38.1
37.8
35.1

Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products

do....
do
do....
do....
do....
do....

42.3
37 1
41.5
41.8
40.1
36.7

42.5
373
41.6
43.3
40.4
36.8

42.4
373
41.6
43.8
40.3
37.0

42.4
37 1
41.5
43.5
40.5
37.1

42.6
373
41.5
44.1
40.7
36.6

42.8
376
41.7
43.8
41.3
37.1

42.7
374
41.7
43.4
41.0
37.4

42.7
373
41.8
43.1
40.5
36.5

42.7
373
41.7
42.8
40.6
36.9

43.1
37 1
42.3
43.3
39.6
36.1

42.4
37 1
41.5
42.1
40.0
36.8

41.9
369
41.3
42.3
39.6
36.7

do....
do
do....
do....
do ...
do....

39.6
322
38.5
30.2
36.2
32.6

39.4
32 1
38.6
30.1
362
32.6

39.5
322
38.6
30.2
364
32.8

39.4
322
38.6
30.2
36.4
32.8

39.3
323
38.6
30.3
363
32.8

39.3
32 1
38.5
30.1
36.1
32.7

39.8
32 1
38.5
30.1
36.1
32.5

39.8
322
38.7
30.1
36.3
32.5

39.5
32 1
38.6
30.1
36.3
32.4

39.2
32 1
38.5
30.1
36.0
32.4

39.1
319
38.5
29.9
36.2
32.5

Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours..
Total private sector
.
do ..
Mining
do....
Construction
do....
Manufacturing
do
Transportation and public utilities
do....
Wholesale and retail trade
do .
Finance, insurance, and real estate
do....
Services
do....
Government
do

169.68
13783
2.31
8.46
4194
10.60
3429
9.75
30.47
3186

170.68
13974
2.51
824
4189
10.56
3482
10.06
31.64
3097

171.59
13996
2.52
8.36
42 18
10.62
3479
10.03
31.46
3163

172.08
140 14
2.48
8.60
42 15
10.60
3475
10.04
31.51
3194

170.50
13979
2.17
8.43
42 13
10.62
3484
10.04
31.56
3071

171.37
13981
2.19
8.26
4243
10.56
3470
10.05
31.60
31 57

170.86
13935
2.39
8.04
42 13
10.60
34.65
10.04
31.49
31.51

171.03
139.88
2.54
8.12
4223
10.59
34.73
10.08
31.59
31.15

171.23
140.06
2.61
8.05
42.24
10.52
34.92
10.10
31.61
31.17

167.88
139.60
2.58
7.78
41.78
10.56
35.05
10.08
31.77
28.28

Indexes of employee-hours (aggregate weekly): fl
Private nonagric. payrolls, total
1977 = 100..
Goods-producing
do....
Mining
do....
Construction
do
Manufacturing .
do....
Durable goods
do....
Nondurable goods
do
Service-producing
do..
Transportation and public utilities
do....
Wholesale and retail trade
do
Wholesale trade
do.. .
Retail trade
do....
Finance, insurance, and real estate
do....
Services
do....

107.3
102.5
122.1
116 1
99.0
99.5
983
1100
106.3
1059
1104
104.2
114.6
115.0

108.5
101.7
132.0
1119
98.3
98.2
983
112.3
105.2
1073
111.4
105.6
117.9
119.3

107.9
100.9
128.6
109 1
98.0
97.8
983
111.7
105.4
1068
111.1
105.2
117.4
118.2

108.4
102.4
128.2
1166
98.4
98.6
98 1
111.8
105.1
106.9
111.1
105.4
117.5
118.4

108.9
102.8
112.0
115.8
99.9
100.7
98.7
112.3
105.4
107.2
111.4
105.6
117.8
119.3

108.9
103.1
113.3
112.9
100.7
101.1
100.1
112.0
104.9
106.9
111.4
105.2
117.4
119.2

108.7
102.6
128.0
109.3
100.2
100.6
99.5
112.1
106.2
107.0
111.3
105.3
117.6
118.7

109.4
103.5
136.5
110.9
100.5
100.9
99.8
112.6
106.0
107.8
112.3
106.0
118.1
119.3

109.2
103.4
139.8
110.0
100.4
100.9
99.5
112.5
105.2
107.9
112.1
106.2
118.7
119.0

108.6
101.1
139.0
105.2
98.5
98.6
98.5
112.8
105.5
108.0
111.8
106.6
118.3
119.6

Transportation and public utilities $
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance and real estate $
Services

33.9
34.2
428
33.2

r
34.7
r
35.0
r
436
r

P
34.7
P
34.8
P
439
P

37.1
37.3
23

r
39.2
r
39.5
r

P
39.1
P
39.0
P
P

r

36.7

35.6

24

23

r

379
2.2
r
34.6
r
32.6
r
38.3
384
37.9
39.0
38.1
r
38.7
r
38.6
r
36.9

r

398
2.2
r
37.9
37.6
r
40.1
r
395
r
39.7
r
40.6
r
39.8
r
40.8
r
40.0
r
38.7

394
P
2.1
P
37.3
P
37.0
P
39.5
P
390
P
393
P
40.0
P
39.5
P
40.3
P
40.3
P
38.5

364
2.4
39.1
36.1
r
31.3
r
30.7

r

390
r
2.6
40.3
38.3
r
38.0
r
35.5

P

r

r

41.8
37.2
41.3
42.6
39.4
36.1

r
41.2
r

r
42.3
r

P
41.7
P
372
P
40.8
P

39.3
320
38.6
29.9
36.2
32.6

39.3
31.9
38.4
29.9
36.2
32.7

r
38.4
r
316
r
38.0
r

170.63
139.98
2.64
8.10
41.63
10.54
35.06
10.09
31.90
30.66

170.05
139.83
2.70
8.24
41.14
10.54
35.02
10.12
32.07
30.22

169.85
138.63
2.79
8.14
40.53
10.44
34.61
10.13
32.09
31.22

108.4
100.8
140.1
109.8
97.2
96.9
97.8
112.7
104.0
107.7
111.6
106.2
118.5
120.1

108.0
99.3
141.1
111.1
95.1
94.1
96.4
112.8
104.7
107.3
111.8
105.5
118.2
120.8

106.9
96.8
143.0
108.4
92.4
90.8
94.8
112.4
103.2
106.5
110.8
104.9
118.2
121.2

36.5
40.8
44.3
'37.8
r
33.6

29.6
36.2
32.5

r

385

P
2.5
P
39.9
P
37.1
P
37.5
P

34.9

37.5
41.3

r
43.8
r
40.1
r

43.0
"39.8
P
35.8

35.6

P
38.9
P
31 8
P
38.2
P
29.8
P
36.2
P

r
39.1
r

320
'38.5
r
30.0
36.3
r
32.7

32.6

AGGREGATE EMPLOYEE-HOURS f

See footnotes at end of tables.




166.07 170.62 "169.40
P
136.70 139.40
137.98
r
2.71
2.74
"2.72
r
r
7.71
8.07 P P7.92
39.14
40.48 P39.85
10.36
10.35
10.42
34.69
35.22 "34.81
10.14 PP10.14
10.11
32.32
32.18
32.00
29.37
31.22 "31.42
104.3
r
90.9
137.2
r
99.1
87.2
r
86.3
88.6
111.7
102.0
105.9
108.9
104.7
118.0
120.4

107.1
r
96.4
139.5
107.5
r
92.2
'90.5
r
94.6
113.0
103.1
107.7
110.2
106.8
117.8
121.4

P

106.1
P
94.8
"139.3
"105.9
"90.6
"88.9
"93.0
"112.3
"102.5
"106.9
"109.2
"106.0
"118.1
"120.8

SURVEY OF CURRENT BUSINESS

S-12
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

April 1982

1981

Annual

Feb.

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

7.55
10.68
11.56
8.41
r
8 17
r
8.91
8.67
r
7.40
r
6.27
'8.73
1123
8.55
9.21
r
8.02
10.72
7.94
r
6.31

7.54
10.63
11.27
r
8.33
r
809
r
8.88
r
8.64
'7.27
6.17
r
8.65
11.20
r
8.57
r
9.22
r
8.00
10.76
r
7.96
r
6.34

7.68
7.43

r
7.55
r
7.31
r
7.76
r
9.52
r
5.77
r

Mar.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS t
Average hourly earnings per worker: fl
Not seasonally adjusted:
Private nonagric. payrolls
dollars..
Mining
do....
Construction
.
do ..
Manufacturing
do....
Excluding overtime
do
Durable goods
do ...
Excluding overtime
do....
Lumber and wood products
do....
Furniture and
fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do
Fabricated metal products
do....
Machinery, except electrical
do....
Electric and electronic equipment .... do....
Transportation equipment
do....
Instruments and related products .... do....
Miscellaneous manufacturing
do....

6.66
9.17
992
7.27
702
775
7.48
6.53
5.49
7.50
977
7.45
8.00
6.95
9.32
6.80
5.47

7.25
10.06
1075
7.99
771
852
8.23
7.00
5.90
8.27
1081
8.20
8.83
7.66
10.31
7.44
5.98

7.06
9.86
10.41
7.75
748
8.26
7.98
6.81
5.74
7.89
1056
7.91
8.56
7.43
9.93
7.20
5.83

7.10
9.85
1044
7.80
753
832
8.04
6.79
5.76
7.94
1052
8.01
8.62
7.47
10.08
7.23
5.85

7.13
9.70
10.43
7.88
762
8.40
8.12
6.83
5.78
8.11
1076
8.05
8.67
7.51
10.14
7.25
5.91

7.17
9.68
10.53
7.92
764
8.45
8.15
6.92
5.83
8.20
10.68
8.17
8.75
7.55
10.25
7.31
5.93

7.20
9.94
13.60
7.97
768
8.52
8.21
7.10
5.89
8.31
1076
8.23
8.81
7.60
10.36
7.34
5.93

7.24
10.11
10.74
8.02
7.74
8.55
8.26
7.16
5.91
8.39
10.79
8.22
8.85
7.69
10.35
7.44
5.98

7.30
10.15
10.87
8.02
774
8.57
8.27
7.13
5.98
8.41
10.97
8.27
8.86
7.76
10.30
7.56
5.97

7.40
10.29
11.02
8.15
786
8.68
8.39
7.15
6.00
8.53
11.22
8.34
8.98
7.79
10.41
7.60
6.07

7.42
10.28
11.10
8.15
788
8.71
8.42
7.09
6.05
8.50
10.97
8.39
9.05
7.84
10.65
7.61
6.06

7.46
10.42
11.12
8.20
793
8.75
8.48
7.15
6.04
8.54
11.10
8.43
9.10
7.86
10.66
7.70
6.12

7.45
10.43
11.19
8.26
799
8.81
8.54
7.17
6.11
8.56
11.09
8.53
9.20
7.93
10.69
7.83
6.20

Nondurable goods
do....
Excluding overtime
do....
Food and kindred products
do....
Tobacco manufactures
do....
Textile mill products
do
Apparel and other textile products .. do....
Paper and allied products
do....
Printing and publishing
do....
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee .... do....
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do
Retail trade
do....
Finance insurance and real estate
do
Services
. .. do

6.56
6.33
6.86
7.73
508
4.57
7.84
7.53
8.30
10.09
6.56
4.58
8.87
5.48
696
4.88
578
585

7.19
6.94
7.46
8.81
552
4.98
8.60
8.20
9.12
11.36
7.23
4.99
9.72
5.92
758
5.25
630
641

6.98
6.74
7.24
8.56
535
4.87
8.28
7.96
8.80
11.33
7.04
4.88
9.45
5.84
738
5.20
621
627

7.01
6.77
7.29
8.61
536
4.94
8.30
8.02
8.84
11.23
7.07
4.98
9.42
5.85
742
5.20
6 19
629

7.08
6.86
7.37
8.90
536
4.96
8.37
8.04
8.94
11.40
7.15
4.93
9.54
5.87
747
5.22
620
630

7.11
6.86
7.43
9.03
5.40
4.98
8.42
8.10
8.99
11.28
7.22
4.95
9.59
5.89
751
5.23
624
633

7.14
6.88
7.43
9.33
542
5.00
8.55
8.13
9.07
11.29
7.23
4.98
9.63
5.89
7.51
5.23
624
6.33

7.23
6.98
7.47
9.43
5.51
4.94
8.73
8.22
9.16
11.41
7.28
4.96
9.69
5.91
7.59
5.24
627
6.34

7.24
6.97
7.50
8.61
5.66
4.98
8.67
8.27
9.19
11.31
7.32
4.97
9.89
5.94
767
5.26
637
641

7.37
7.09
7.58
8.66
5.69
5.06
8.95
8.40
9.38
11.53
7.38
5.08
9.97
6.04
7.71
5.37
638
6.51

7.34
7.08
7.53
8.58
5.72
5.07
8.82
8.42
9.37
11.46
7.39
5.09
9.96
6.00
774
5.29
642
657

7.39
7.13
7.63
8.96
5.74
5.06
8.89
8.44
9.42
11.57
7.41
5.10
10.07
6.03
781
5.32
651
667

7.45
7.21
7.69
8.90
5.72
5.05
8.96
8.50
9.52
11.58
7.48
5.14
10.08
6.01
783
5.32
646
666

9.15
5.76
r
5.02
r
9.07
r
8.61
r
9.68
11.90
7.62
r
5.18
10.15
6.17
r
795
5.44
r
657
r
679

5.14
'9.00
8.60
r
9.65
12.06
r
7.56
r
5.21
10.16
6.15
r
793
'5.42
662
r
680

6.66
9.17
992
7.27
8.87
5.48
578
585

7.25
10.06
1075
7.99
9.72
5.92
630
641

7.04
9.86
1044
7.74
9.44
5.78
621
620

7.09
9.85
1049
7.80
9.48
5.81
6 19
624

7.14
9.70
1052
7.90
9.57
5.84
620
627

7.18
9.68
1057
7.95
9.67
5.89
624
632

7.23
9.94
1069
7.99
9.74
5.91
624
638

7.26
10.11
10.77
8.02
9.71
5.93
627
642

7.34
10.15
1085
8.08
9.88
5.99
637
651

7.37
10.29
1088
8.14
9.88
6.05
638
652

7.39
10.28
1101
8.15
9.89
6.02
642
658

7.45
10.42
1109
8.18
9.99
6.05
651
664

7.45
10.43
11 16
8.19
10.03
6.08
647
665

r
7.62
10.68
1153
8.37
10.15
6.08
r
657
r
672

7.52
10.63
11
30
r
832
10.15
6.08
662
r
672

127.3
93.5
134.1
1218
129.4
127.2
127.8
1270
125.5

139.0
92.6
148.2
1316
142.0
139.6
1383
1381
1374

135.0
927
143.2
1280
137.5
135.4
1350
1350
1332

135.8
928
144.0
1286
138.5
136.1
1358
1360
1340

136.7
930
145.7
1290
139.9
137.3
1364
1354
1348

137.7
93 1
145.6
1294
140.7
138.9
137.4
1368
1360

138.4
929
147.2
1304
141.6
139.8
1378
137 1
1366

139.0
922
148.9
1318
142.5
139.3
138.4
1374
1369

140.7
927
149.4
1325
143.6
141.8
140.0
140 4
1394

141.5
92 1
151.5
1329
144.8
141.7
141 2
1403
1398

141.9
920
1513
1343
145.5
142.0
1405
1409
1407

143.2
925
1533
1354
146.4
144.0
1415
1432
1426

143.5
923
1532
1362
147.0
144.4
141 9
141 8
1427

145.1
r
93 1
1560
1408
149.0
1458
1423
143 4
1436

145.2
929
1558
1380
149.1
1463
1427
143 8
144 1

Seasonally adjusted:
Private nonagricultural payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale and retail trade
Finance insurance and real estate
Services
.

dollarsdo....
do
do....
do....
do....
do
do

Indexes of avg. hourly earnings, seas, adj.: 1J
Private nonfarm economy:
Current dollars
1977=100..
1977 dollars $
do
Mining
do....
Construction
.
do
Manufacturing
do....
Transportation and public utilities
do....
Wholesale and retail trade
do .
Finance insurance and real estate
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr..
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
$ per hr..
All workers other than piece-rate
do
Workers receiving cash wages only
do....
Workers paid per hour cash wages only do
Railroad wages (average, class I)
do....
Avg. weekly earnings per worker,
private nonfarm: ff
Current dollars, seasonally adjusted
1977 dollars seasonally adjusted $
Spendable earnings (worker with 3 dependents):
Current dollars seasonally adjusted
1977 dollars, seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars..
Mining
do.
Construction
do
Manufacturing
do
Durable goods
do
Nondurable goods . .
do
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
.
do
Retail trade
do.
Finance, insurance, and real estate
do....
Services
..
do

11.73
1842

12.92
1678

12.28
1607

r
7.83
r

12.36
16 11

12.45
16 13

12.56
1630

12.77
1648

13.03
1685

13.09
1698

13.27
1731

13.62
1766

13.69
1774

13.69
1772

13.78
1789

10.49

3.92
388
4.09
391
10.58

10.62

10.54

10.56

10.66

1065

1061

10.79

1100

1125

25721
!67 56

25865 26075
167 74 168 33

26001
167 21

25684
164 75

262 45

10.64

23493

25474

206 19
83.52

220 19
146.77

21475
14749

21662
147.96

21848
148.73

21900
14807

21980
147.62

221 14
146.74

22271
14671

22105
14443

22386
145 18

22520
14546

224 90
14446

257 18

263 20

235.10
396 14
36704
28862
31078
25584
351.25
176.46
26796
14738
209.24
19071

255.20
438.62
39560
31800
34250
28185
382.97
190.03
29259
15803
228.06
20897

247.10
42201
36435
306 13
32957
27152
373.28
185.13
28265
15392
226.04
20440

249.92
41666
38837
31122
33696
27409
371.15
186.62
28567
15496
225.32
20505

250.98
42292
38487
31284
338 52
27541
374.92
188.43
28760
15660
225.06
20538

252.38
42398
38856
31759
343 07
280 13
376.89
188.48
289 14
15638
225.26
20573

254.88
41847
394 32
32039
345 91
28203
383.27
190.25
28989
15899
225.26
20699

257.74
43979
404 90
31759
341 15
28269
385.66
193.85
294 49
16192
227.60
209 22

259.88
44762
40545
31920
344 51
28526
390.66
194.83
29683
16253
231.35
21089

259.00
45070
393 41
32193
345 46
288 17
390.82
194.49
29684
162 17
229.68
210 92

260.44
45746
416 25
32356
349 27
286 99
389.44
191.40
299 54
15764
232.40
213 53

261.85
46161
411 44
32472
350 00
28895
395.75
192.36
301 47
15854
235.66
216 78

262.24
46622
414 03
32957
355 92
29204
396.14
193.52
303 02
16120
233.85
217 12

r
255.95
r
457 10
r

r
261.64
r
463 47
r
401 21
r
326
54
r
351 65
r
291
43
r

129

119

129

125

118

118

121

123

119

112

110

111

109

24781
!70 32

r

25028 25276
!71 07 172 18

r

25345 25450 25628
!71 25 17092 169 95

r

25837
!70 09

r

r

See footnotes at end of tables.




1967—100..

P
7.57
P

7.34
"7.79

P
9.69
P
577
P
5.15
P
9.04
P
8.62
P

9.64
11.93
P
7.60
P
5.22
P
10.14
P
6.15
P
796
P
5.42
P
664
P
680
P

"7.55

P
1061
P
1132
P
836
P
10.20
P
6.11
P
6 64
P

675

P

145.8

P
1562
P
1380
P
150.0
P
1472
P
143 1
P
145
7
P

144 6

P
13.83
P

1800

P

263 09

P
261.99
P
465 78
P
413 61
P
327
27
P
352 74
P
290
69
P

383 79
312 01
335 91
278 02
r
389.76 397.26 394.45
191.89 193.73 "193.73
r
300 51 r302 93 P303 28
157 76 159 89 P159 35
r
237.83 240.31 P240.37
r
219 32 r221 00 "220 32
r

HELP- WANTED ADVERTISING
Seasonally adjusted index

11.27
"8.37
P
8 13
P
893
P
8.69
P
7.27
P
6.21
P
8.69
p
ll
28
P
8.63
P
9.24
P
8.05
P
10.83
P
7.96
P
6.36

13.83
17 99

3.66
359
3.82
367
9.92

10.71

"7.55

P
10.61
P

106

S-13

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981

Annual

Mar.

Feb.

Apr.

May

June

July

Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Industrial disputes:
Number of stoppages:
Beginning in month or year
Workers involved in stoppages:
Beginning in month or year
Days idle during month or year

number..

3,885

2500

213

285

286

301

302

286

211

225

166

82

33

thous..
do

1,366
23288

1,100
24700

42
770

244
1698

80
4 884

124
5 308

241
3521

120
2073

68
704

58
1479

36
1 208

21
395

8
288

Unemployment insurance programs:
Insured unemployment, all programs, average
weekly # @
thous.
State programs (excl. extended duration prov.):
Initial claims
thous..
Insured unemployment, avg. weekly
do....
Percent of covered employment: @ @
Unadjusted
Seasonally adjusted
Beneficiaries average weekly
thous
Benefits paid @
mil $..

3837

3339

4264

3948

3453

3 111

2949

3012

2874

2,680

2,753

3228

3,935

4,681

25,373
3,350

23,939
3,350

1,806
3,669

1,684
3,382

1,647
2,988

1,417
2,691

1,741
2,596

2,114
2,743

1,610
2,656

1,680
r
2,488

1,996
r
2,592

2,286
3,061

3,272
3,778

3,328
4,470

39

35

2864
14,590 3

2614
13 206 7

42
32
3220
13135

39
33
3069
13936

34
31
34
34
2698
2331
10063
1 2268

30
34
2256
10128

31
30
32
34
2280
3486
10619 10049

2.9
35
2 174
1,001.0

4.3
3.0
35
37
41
39
142 r r 2392 r 3 172
997.2 l,079.7 l,592.5

5.1
41
3801
1,764.2

40

36

UNEMPLOYMENT INSURANCE

Federal employees, insured unemployment,
average weekly
thous..
Veterans' program (UCX):
Initial claims
do...
Insured unemployment, avg. weekly
do....
Beneficiaries average weekly
do
Benefits paid
mil $..
Railroad program:
Applications
. .
thous
Insured unemployment, avg. weekly .. .. do....
Benefits oaid
mil. $..

30
267
56
56
2949
162
34
176.1

193
41
2303
184

210.8

31

27

25

25

25

r
2
r

29

32

36

39

40

11
26
26
130

9
22
21
10 1

11
19
20
10.2

8
16
15
71

19
56
25.3

19
73
25.3

17
54
55
225

18
51
53
247

16
46
49
230

15
43
43
200

19
42
44
21 1

22
44
44
228

19
44
45
214

15
34
35
17.1

5
48
22.0

5
45
23.2

6
41
19.2

7
38
15.4

26
30
16.2

41
29
11.5

13
29
7.1

15
35
15.0

r

21
37
16.0

r

!3
r
4
16.4

FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $ .
Commercial and financial co. paper, total
do....
Financial companies
do
Dealer placed
do....
Directly placed
do
Nonfinancial companies
do....

54744
121,597
87312
19549
67763
34,285

69226 58084 60089 62320 60551 63427 63721 64577 65,048 66,072 68749 69226
161,101 129 929 130 118 134 696 140,056 145,994 150,265 153,651 161,716 164,124 166,316 161,101 167,056 167,284
110 603 89830 91087 93698 97030 100 873 104 738 106 180 109 965 112 060 112 256 110603 111897 110480
29065 20801 22057 23554 23989 24853 25 114 26746 28,986 29,468 29,574 29,065 30,666 30,974
81538 69029 69030 70 144 73041 76020 79624 79434 80979 82592 82682 81 538 81 231 79506
50,498 40,099 39,031 40,998 43,026 45,121 45,527 47,471 51,751 52,064 54,060 50,498 55,159 56,804

Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $..
Farm mortgage loans:
Federal land banks
do....
Loans to cooperatives
do
Other loans and discounts
do....

68,648

78,188

70,886

72,123

73,382

74,452

75,207

76,412

77,072

77,614

78,283

78,103

78,188

78,387

79,035

38 138
9506
21005

46463
9 124
22619

39375
10056
21455

40264
9802
22057

41 111
9648
22624

41913
9361
23 178

42,693
8807
23,707

43450
8897
24,065

44064
8932
24075

44,720
8950
23,944

45,386
9400
23,497

45,961
9315
22,827

46,463
9 124
22,619

46,899
9498
21,990

47,324
9760
21,951

Federal Reserve banks, condition, end of period:
Assets, total #
mil. $..

171,495

Reserve bank credit outstanding, total # .. do....
Time loans
do
U.S. Government securities
do....
Gold certificate account
do....

137,644
1809
121,328
11,161

Liabilities, total #
Deposits total
Member-bank reserve balances
Federal Reserve notes in circulation

do....

171,495

do.
do....
do....

31 546
27,456
124,241

176,778 161,824 167,040 168,067 164,447 171,311 167,377 168,429 181,639 167,256 171,676 176,778 179,941 170,321 172,249
30816 29777 29983 31 310 27213 27423 29690 30398 41,924 28,742 29,053 30,816 39,324 29,630 30,073
25,228 26734 26,164 26,063 24,304 23,626 26,011 27,045 27,243 23,672 24,312 25,228 25,066 24,964 26,357
131,906 118,854 120,874 121,852 123,251 124,783 124,765 125,134 125,050 125,351 129,086 131,906 126,835 126,869 128,855

'40 097
'40,067
'30
'1,617
'-1,471

'41918
'41,606
'312
'642
'-277

All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
mil $
Required
do....
Excess
do
Borrowings from Federal Reserve banks
do....
Free reserves
do....
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand adjusted §
. mil $ .
Demand total #
Individuals, partnerships, and corp
State and local governments
U S Government
Domestic commercial banks
Time total #
Individuals, partnerships, and corp.:
Savings
Other time

176,778 161,824 167,040 168,067 164,447 171,311 167,377 168,429 181,639 167,256 171,676 176,778 179,941 170,321 172,249
143,906 129,152 131,037 132,896 130,939 132,227 134,957 136,699 138,288 134,665 139,140 143,906 141,871 138,575 139,700
2,217
1601
1 180 2,646
924
1027
2486
232
1254
656
2333
1 366 1010
1 601 1249
130,954 117,621 118,043 119,687 118,311 120,017 123,172 124,522 124,330 123,005 126,539 130,954 128,230 125,410 125,589
11,151 11 156 11,154 11 154 11,154 11,154 11,154 11,154 11,152 11,152 11,152 11,151 11,151 11,150 11,150

do
do....
do....
do. .
do....
do

39756
39,478
278
1,278
-852

39720
39,445
275
1,004
-532

40366
40,164
202
1,343
-980

40512
40,260
252
2,154
-1,643

40,443
40,104
339
2,038
-1,408

41011
40,667
344
1,751
-1,159

41026
40,731
295
1,408
-893

40,593
40,177
416
1,473
-835

40,711
40,433
278
1,149
-719

119485 108 693 95658 106 246 97595 97 121 101,467 97,063 95,344 100,820 99,201
228,086 187,694 183 252 206,616 188,663 195 134 209,662 173,405 187,465 209,326 163,399
158,283
140,532 123,777 139,810 128,835 130,752 140,425 122,049 128,044 136,206 123,721
4,140
5,137
4,532
5,176
4,163
5,829
4,714
4,938
4,456
4,262
5,252
2,196
1,562
1005
1,082
1,784
1,111
2 147
1579
1 108
2881
3312
41,407
21,896 35,230 38,664 32,839 36,735 41,213 27,901 36,984 43,903 18,016
314 128 363 093 320 996 321 801 322 992 334 602 337,291 341,228 349,890 349,177 350,803

41918
41,606
312
642
-277

r
43,210
r
42,785
r

425
1,526
r
-l,026

41,475
40,992
483
1,713
-1,098

106,811 108,693

99,682

95,764 101,234

40,951
40,604
347
695
-269

39,390
38,879
511
1,611
-926

186,251 187,694 170,840 169,273 172,931
137,904 140,532 127,443 125,658 131,868
5.328
5,133
5,252
4,492
5,002
2,147
3,645
1,133
3,331
1,114
22,158 21,896 19,273 19,762 19,695
357,550 363,093 367,200 370,510 372,461

74,568 76,944 77,196 79,286 79,314 80,434
242,838 246,072 250,863 252,236 253,750 255,514

. do. ..
do....

72670
205,862

Loans (adjusted) total §
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans

do....
do....
do....
do....
do....
do

433,313
174,969
9,989
26,081
112,285
136 100

77 196 75072 79,344 77897 77797 78,236 76,373 76,204 75,388
250,863 209,948 208,372 211,052 221,968 226,009 232,390 239,748 240,298
471,234 423,216 430,070 430,525 437,332 450,145 442,601 452,410 460,457
195,535 169,482 172,782 174,525 176,623 182,502 180,479 184,978 188,033
8,622 10,201
9,160
8,708 10,396 12,100
10,757
8,182 10,151
26,850 24,875 24,598 25,338 25,836 26,774 25,929 27,119 26,277
124,573 113,681 114,468 115,337 116,622 117,723 118,697 120,047 121,559
146 281 131 875 134,392 129 376 132 871 137,441 133,067 139,661 145,480

Investments total
U.S. Government securities, total
Investment account *
Other securities

do
do....
do....
do....

118 098
39,611
35,239
78.487

117 143 118 190 120 108 117 234 121 042 119,513 118,132 117,549 117,272 116,452 119,316 117,143 118,503 117,596 117,936
36,929 40,816 41,754 39,720 42,128 40,599 40,657 38,856 37,785 38,417 37,617 36,929 38,090 38,374 38,570
30,982 33,726 33,897 34,280 34,444 33,807 33,410 31,987 31,642 31,511 30,798 30,982 30.785 30,747 30,345
80,214 77,374 78,354 77,514 78,914 78,914 77,475 78,693 79,487 78,035 81,699 80,214 80,413 79,222 79,366

See footnotes at end of tables.




455,996
187,395
8,483
25,418
122,561
137,913

468,465
191,875
10,673
26,386
123,760
146,987

471,234
195,535
10,757
26,850
124,573
146,281

470,410
198,009
8,675
26,756
126,157
144,998

472,278
198,819
9,163
26,762
126,840
144,382

476,519
202,573
7,782
27,913
127,306
140,837

S-14

SURVEY OF CURRENT BUSINESS
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1982

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

1,302.8
116.4
222.3
9640

1,312.2
115.6
223.8
972.7

1,317.8
113.2
225.6
979.0

1,324.0
112.5
228.7
982.8

1,327.5
110.3
231.2
986.0

1,317.3
110.9
231.7
9747

1,321.9
114.2
232.0
9756

1,334.6
115.3
232.7
9866

Mar.

FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.:
Total loans and securities H
U.S. Treasury securities
Other securities
Total loans and leases
fl

bil. $..
do....
do....
do

1,317.3 1,255.7 1,261.0 1,267.9 1,285.1 1,295.4
116.7
110.9
113.4
113.9
116.0
112.9
r
231.7
217.9 rr219.4 rr219.5 rr220.6 rr221.6
r
9747
957.2
9288
9345
9485
9244

1,237.0
110.6
213.9
9125

Money and interest rates:
Discount rate (N. Y.F.R. Bank), end of year or
month
percent..

12.10

13.00

13.00

13.00

13.87

14.00

14.00

14.00

14.00

14.00

13.00

12.10

12.00

12.00

12.00

Federal intermediate credit bank loans

do....

2

2

14.20

12.93

13.35

13.65

13.95

14.29

14.59

14.83

15.11

15.28

15.26

14.87

14.63

14.45

14.11

Home mortgage rates (conventional 1st
mortgages):
New home purchase (U S avg )
Existing home purchase (U.S. avg.)

percent
do....

2

1225
"12.58

2
14
2

17
14.62

1302
13.73

1348
13.91

1362
13.99

1356
14.19

14 12
14.40

14 14
14.77

1460
15.03

1469
15.38

1504
15.47

1568
15.80

1523
15.53

1467
15.37

1444
15.22

1504
15.08

3
12.78
3
1229
3

4
15.32
3
1476
3

13.73

15.54
1487
14.05

13.88
1359
12.89

14.65
14 17
12.94

17.56
1666
14.97

16.27
1522
14.13

17.10
1609
14.47

17.22
16.62
15.32

16.11
1593
15.01

14.78
1472
13.96

12.00
1196
11.72

12.13
12 14
11.24

13.06
1335
12.56

14.47
1427
13.58

13.73
1347
12.89

3

14.077

14.905

13.478

13.635

16.295

14.557

14.699

15.612

14.951

13.873

11.269

10.926

12.412

13.780

12.493

336 341
316,447

23577
24952

29352
27,664

28951
26,353

28036
26,026

30397
27,286

28750
26,885

29299
25,799

30,158
26,133

27,158
26,693

26526
26,125

30914
26,595

22574
25,814

22758
25,460

do

28682

29370

29271

28377

29223

28290

28323

29406

26836

27370

26656

26888

27 150

do
do .
do....
do

11624
6 193
3,167
4500

12504
5911
3,153
4472

12379
5218
3,181
5002

12283
4,937
3,212
4486

12701
5251
3,137
5018

11 973
5439
3,299
4826

11 458
6,385
2,913
4616

12384
7,158
2,558
4568

11 610
5,327
2,621
4559

12430
5287
2,571
4279

13264
4089
2,517
4 142

11 775
4433
3,326
4385

12 431
4857
2,695
4254

do ..
do....
do

8229
11,738
405

8499
11,620
616

7459
12,383
593

7384
11,876
620

7515
12,658
509

8059
11,706
445

8,396
11,663
520

9,000
12,263
532

7,490
11,753
475

8073
11,379
479

7352
11,592
508

7474
11,070
434

7283
11,730
364

12.87
12.22

Open market rates, New York City:
Bankers' acceptances, 90 days
do....
Commercial paper 6-month $
do
Finance co. paper placed directly, 6-mo @ do....

11.28

Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..

3

11. 506

CONSUMER INSTALLMENT CREDIT
Total extended and liquidated:
Unadjusted:
Extended
Liquidated

.

Seasonally adjusted:
Extended total #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers

mil $
do....

.

By major credit type:
Automobile
Revolving
Mobile home

306 076
304,628

Liquidated total &
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers

do

26837

26399

26549

26806

27 192

26739

25895

26431

25834

26770

26689

26445

27075

do....
do
do....
do

12,319
4663
2,723
4397

12,070
4372
2,866
4245

12,333
3965
2,909
4471

12,072
4528
2,821
4489

11,986
4681
2,918
4602

11,944
4491
2,767
4561

11,704
4002
2,668
4629

11,957
4476
2,692
4557

11,686
4,123
2,830
4455

11,997
4825
2,795
4 405

12,104
4503
2,886
4480

11,765
5030
2.637
4358

12,602
4550
2830
4378

By major credit type:
Automobile
Revolving
Mobile home

do ..
do....
do

7398
11,419
492

6973
11,110
552

6,811
11,443
410

7,498
11,520
372

7366
11,651
399

7,003
11,590
386

6,537
11,486
364

6,921
11,692
375

6,466
11,429
353

7509
11,358
404

7284
11,533
365

7595
11,266
460

7339
11885
408

Total outstanding, end of year or month #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home

do....

313,472

333,375 309,385 311,071 313,669 315,679 318,792 320,656 324,161 328,187 328,652 329,053 333,375 330,135 327,435

do....
do....
do....
do

147,013
76,756
44,041
28448

149 300 143 429 143 397 143,680 143 841 145 125 145 382 146 006 147 060 146 889 146 687 149 300 148 162 146 922
89,818 78,090 79,490 81,033 81,794 82,723 83,924 86,152 88,698 89,583 89,956 89,818 88,925 89,009
45,954 43776 44212 44,390 45,055 45686 46,096 46,605 46,791 46416 46092 45954 45907 45586
29551 26507 26097 26263 26287 26394 26396 26477 26594 26922 27510 29551 28 179 27013

do....
do
do .

116,838
58352
17322

126,431 116,195 118,049 119,076 119,582 120,400 121,476 123,481 125,703 126,344 126,385 126,431 125,525 125,294
63049 56047 55356 55716 55820 56798 56764 57280 58318 58451 58923 63 049 61 433 59 514
18486 17 113 17 162 17342 17'576 17704 17760 17959 18 124 18300 18380 18486 18397 18343

FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
mil. $.. rlrl517,112
Outlays (net)
do .. l576 675
-59 563
Budget surplus or deficit (—)
do
Budget financing total
.
Borrowing from the public
Reduction in cash balances

.

Gross amount of debt outstanding
Held by the public

do
do
do....

rl
599,272
rl

J
59 563
'70515
-10,952

1

do.... 1914,317
do.... '715,105

1

38,394
657 204 53969
'-57 932 -15 575

44,623
54217
9593

'57 932
'79 329
'-21,397

9593 -17 266
15 138
3725
-5,545 -13,541

15575
13916
1,659

See footnotes at end of tables.




70,688 48,142
55619 58486
15070 -10 343

16094 -15 070
539
572
15,555 -15,642

10343
3383
6,960

47,976
53095
5 119

60,594
53698
6897
5 119 -6897
6501
8577
-1,382 -15,474

45,467
63573
18 105
5

18 749
10374
8,375

44,317
54959
10642

57,407
76875
19468

12522
10 972
1,550

8 109
20516
14 274
9 783
6,242 -17*892

55269
45930
9339

44623
13,693
8,586

74464
38,659
9,371

38514
10,496
1,011

70688
33,729
15,792

48 142
24,439
1,715

47976
21,615
1,607

60594
30,882
8,659

45467
22,555
1,265

44317
21775
745

57407
25770
10,220

55269
32646
2,473

15784
6560

20201
6232

20694
6312

14657
6510

15206
6783

18 190
6565

14 516
6537

15369
6278

15795
6002

14 641
6777

14 575
5574

53969
2390
12*544

54217 57 198
1 802 1546
13,263 13,000

54608
1456
13,500

55619
2 117
13,464

58486
1 123
14,392

53095
2750
13,239

53698
604
13,624

63573
3 146
14,351

54959
3 072
13,889

76875
4 793
15,880

45930
4 573
13,783

'230 304
'92 633
'5,421
'22 904

18702
6936
459
1953

18783
6878
559
1025

19308
8376
483
2 164

18897
7*415
461
1668

19074 21 141
12 100
7522
417
509
1 784 2992

19 342
7793
401
786

20 905
6*537
'348
2 008

21 249
8268
658
3 010

19 770
8204
517
851

33 866
13 277
551
3 214

7 319
7 935
443
760

11,160

11,151

11,156

11,154

11,154

11,154

11,154

11,154

11,154

11,152

11,152

11,152

11,151

11,151

11,150

20.632

10.518

13.024

12.338

11.437

10.848

10.001

8.631

8.925

10.035

9.251

8.547

8.432

8.030

8.268

do.... rl576,675 r'657 204
do
'24 555
'26 030
do.... 432,840 '156,035
mil $ 494691
do .
'76 691
do....
'4,850
do
'21 135

GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period)
mil. $..
Silver:
Price at New York
dol. per fine oz..

38,514
54608
16094

1,003,941 956,898 970,901 970,326 974,758 977,350 979,388 986,312 1,003,941 1,011,111 1,019,324 1 034 716 1 043 817
'794,434 763,449 778,587 774,863 775,402 775,973 779,356 785,857 794,434 804,808 815,780 830,055 839,837

Budget receipts by source and outlays by agency:
Receipts (net) total
mil $ rl517 112 rlr 599 272 38394
Individual income taxes (net)
do.... '244,069 '285,917 15,348
Corporation income taxes (net)
do.... '64,600
'61,137
564
Social insurance taxes and contributions
(net)
mil. $ . rl 157 803 rl 182 720 17211
Other
do.... '50,640
5271
'69,499
Outlays, total #
Agriculture Department
Defense Department, military
Health and Human Services
Department §
Treasury Department
National Aeronautics and Space Adm
Veterans Administration

74,464
57 198
17266

7.213

S-15

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981
Feb.

Annual

1982

1981
Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)

bil. $..

137.2

1456

Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): t
Ml
bil. $..
M2
do
M3 . ..
.
.
do
L (M3 plus other liquid assets)
do...

401.4
15916
18730
2 267.6

429.6
17469
20898
25192

111.7
2639
21.8
30.0
55.2
4040
7064
2363

1198
2399
65.6
38.7
110.1
3616
8129
2864

Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $$
Overnight RP's and Eurodollars *
Money market mutual funds
Savings deposits
Small time deposits @
Large time deposits @

do....
do
do....
do....
do....
do .
do
do

Measures (seasonally adjusted): $
Ml
M2
M3
L (M3 plus other liquid assets)

do....
do
do
do....

Components (seasonally adjusted):
Currency
Demand deposits .
Savings deposits
Small time deposits @
Large time deposits @

do....
do
do....
do
do

131.9

1339

1350

138 1

1365

1383

1385

1385

1388

1427

410.1
416.7
436.0
423.2
432.1
431.5
434.5
439.7
427.6
430.4
16723 1 696 8 1 729 1 17238 1 739 0 1 756 0 1 766 7 1 775 6 1793 1 1 809 3
20012 20239 20527 20556 2 076 3 20983 2 1153 2 1322 2 1524 r 2'l754
24235 24415 24642 24763 25018 25220 2544 1 25683 25978 2 627 5

1157
2385
52.0
35.2
75.1
3742
7835
2769

1167
2379
58.1
36.5
85.3
3739
7902
2739

1183
2468
66.8
36.8
95.8
3764
7900
268 1

1192
2359
64.1
40.9
98.6
3699
7969
2773

1197
2370
66.4
42.9
102.8
3650
8064
281 7

121 3
2376
68.6
42.3
112.7
3652
8095
2866

1208
2346
71.7
39.6
130.4
3479
832 1
299 1

121.3
2347
69.7
43.1
122.1
3550
8220
2948

1212
2366
72.4
36.2
137.1
3439
8476
2998

1456

1405

1405

439.7
453.4
437.1
'451.2
1 829 1 18488 1 842 3 1861 1
2 1996 r2 216 8 r2 215 4 22370
26543

125.4
2433
78.4
38.1
150.8
3430
8517
3055

1229
2375
75.2
37.0
144.6
3422
8519
3018

123.3
2436
82.5
43.3
154.4
3468
r
8574
r
3076

1230
2285
r
81.4
43.1
155.4
r
3445
r
8685
r
314 1

1238
2280
83.6
43.3
158.4
3460
8796
317 1

4194
4329
448.6 r 4473
4479
4292
4284
4312
4364 '4409
4244
4333
4294
431.1
1678 1 1 701 0 1 723 1 1 7323 1 7407 1 7536 1 7722 1 778 1 17893 18097 18224 18409 r1 847 5 18643
20018 2*023 9 20462 2065 1 20820 2 1024 2 1258 2 1380 2 1510 r 2 1745 2 1878 22039 2 214 4 22354
24182 24379 24555 2483 1 25066 25304 2 559.7 25772 25994 2 628 3 2 643.3
117.2
2448
378.5
7757
2717

117.8
2430
378.5
7820
2698

119.1
2435
378.8
784 1
2676

1197
2377
366.8
805 5
2856

119.4
2404
373.5
7958
2784

120.5
2367
361.0
8140
293 1

120.7
2366
350.9
8308
2999

121.1
2347
343.1
8397
3023

121.3
2357
339.6
8498
3022

121.8
2357
340.9
8568
3006

123.1
2364
343.6
8547
3004

123.8
2393
348.8
8523
3027

124.6
2345

r
348.6
r
8595
r

3079

125.1
2328
350.7
8700
3122

PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products

mil. $..
do....
do
do....
do....

r

100,812
8,506
1 157
3 108
12,555

Petroleum and coal products
do....
Stone clay and glass products .
do
Primary nonferrous metal
do.. .
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $..

r

25,133
1833
r
2768
r
2334

24,583
1628
1929
3203

Machinery (except electrical)
Elec. machinery, equip., and supplies

r

r
3,967
ll
459
r
7,114

12726
7,852

. do .
do....

Transportation equipment (except motor
vehicles, etc.)
mil. $..
Motor vehicles and equipment
do
All other manufacturing industries
do.. .

92,579
r
8,222
r
977
r
2,789
r
ll,578

do .

mil $

81 111

r

do

56265

r

do
do.. .

18996
3635

mil $
do....
do
do..

Transportation
do. .
Communication
do
Financial and real estate
do
State and municipal issues (Bond Buyer):
Long-term
do
Short-term
do. ..
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
mil $
Free credit balances at brokers:
Margin accounts
do
Cash accounts
do....

40045

7419
r
568
r
641
1076

1 350
r
3278
r
2,159

1 156
r
3 102
1,795

3527
1,755

r
871
-622
4246

666
-139
3754

9611

10678

r
983
r

1019
r
-384
r
3727
r
9717

22,608
2,229
198
829
2,887

25,089
r
2,200
r
308
r
634
r
3,015
6,257
r
553
r
296
1278

r

5408
r
238
r
631
r
851

1 054
r
2819
r
2,143

3,539
209
15900

!4 745
r
36 495

Dividends paid (cash), all industries .

r

r

29,307
r
2,181
r
408
r
876
r
3,259

23,808
1,896
r
243
r
769
r
3,394

4335

r
3,084
r
-3 424
r

r

r

5,499
269
361
2

775

r

936
4 173
10 039
r

r

r

SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds total
By type of security:
Bonds and notes corporate .

75 874

4649

6871

8273

5954

10979

4259

3310

4972

5363

9,729

r

5969

2,627

45 606
r
25
042
r
l 861

3054

4471
1 986
298

4720

5704

2046

3839

3948

1 589
67

2037
186

1382
141

7 112
2039
59

r

4754
188

1578
1467
14

2544

2453
85

3251
2440
164

1 115
1312
199

78889
24,398
4818
15940

r
r

72 509
!7,397
r
9 122
14 492

4400
1,428
529
890

2776
r
6 160
17 197

128
315
645

7258
1,947
565
1415
352
724
1 761

5855 10646
2,204
1,894
753
1997
1 410 1690
166
692
65
1506
899
2 267

3702
822
328
630
74
840
807

3059
468
625
608
186
202
545

4767
572
905
1746
150
765
541

5362
238
703
1331

3745
7385
15638

6755
1,843
655
1 174
222
964
1 429

47 133
26485

46 134
34443

2890
2 155

3 695
1 718

5 082
1*881

3358
4763

4 921
3756

3255
2267

3088
2084

14721

14 321

14 171

14243

14869

14 951

15 126

15 134

2 105
6,070

3515
7,150

2225
5,700

2340
6530

2270
6440

2345
6,150

2350
6650

2670
6470

414
57.4

337
43.2

36 1
48.4

365
47.9

345
45.9

329
45.0

35 1
45.8

Sales:
New York Stock Exchange, exclusive of some
stoooed sales, face value, total
mil. $.. 5.190.30

5.733.07

324.18

398.95

430.18

418.49

457.82

Common stock
Preferred stock
By type of issuer:
Corporate total #
Manufacturing
Extractive (mining)
Public utility

1 196
150

1870
145

74
91
2 563

9210 r5963
2,462 1,212
r
797
723
1 147 1 246
120
105
r
201
411
3 254 1 894

2626
563
633
753
53
58
391

3539
4412

3625
3543

5035
2902

5072
3 138

3780
2*525

r
3477
r

14545

13973

13866

14 044 14 321

13 441

13023

2645
6,640

2940
6555

2990
6,100

3290
6,865

3515
7,150

r
3455
r

6,575

3755
6595

330
43.7

31 8
39.4

299
36.8

300
37.4

337
41.0

332
37.1

309
35.8

31 1
37.0

329
37.3

444.69

475.07

577.36

567.54

611.97

673.76

410.47

388.34

512.80

2708

5377
2774

Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol per $100 bond
Domestic municipal (15 bonds)
do....

See footnotes at end of tables.




S-16

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981
Mar.

Feb.

Annual

April 1982

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

FINANCE—Continued
Bonds—Continued
Yields:
Domestic corporate (Moody 's)
By rating:
Aaa
Aa
A
Baa

percent..

12.75

15.06

14.22

14.26

14.66

15.15

14.76

15.18

15.60

16.18

16.20

15.35

15.38

16.05

16.13

15.68

do....
do
do
do....

11.94
1250
12.89
13.67

14.17
1475
1529
16.04

13.35
1389
1427
15.37

13.33
1390
1447
15.34

13.88
1439
1482
1556

14.32
1488
1543
15.95

13.75
1441
15.08
15.80

14.38
1479
15.36
16.17

14.89
1542
15.76
16.34

15.49
1595
1636
16.92

15.40
1582
1647
17.11

14.22
1497
1582
16.39

14.23
15.00
15.75
16.55

15.18
1575
16.19
17.10

15.27
1572
16.35
17.18

14.58
1521
1612
16.82

do....
do
do

12.35
13 15
11.48

14.50
1562
13.22

13.60
1484
1261

13.66
1486
1272

14.00
1532
1285

14.45
1584
1290

14.25
1527
13.09

14.48
1587
13.22

14.87
16.33
13.50

15.47
1689
13.71

15.64
1676
13.88

15.19
1550
13.92

15.00
15.77
13.84

15.37
16.73
14.10

15.53
1672
14.08

15.29
1607
14.00

Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)

do....
do....

8.73
8.51

11.56
11.23

10.27
10.03

10.21
10.12

10.94
10.55

10.64
10.73

10.85
10.56

11.44
11.03

13.10
12.13

12.93
12.86

12.99
12.67

12.18
11.71

13.30
12.77

13.15
13.16

12.70
12.81

13.13
12.72

U.S. Treasury bonds, taxable $

do....

10.81

12.87

12.23

12.15

12.62

12.96

12.39

13.05

13.61

14.14

14.13

12.68

12.88

13.73

13.63

12.98

32823
891.41
110.43
30723

36461
93292
108.58
39856

36526
945.50
108.86
39260

38105 39066
987.18 1 004 86
108.42 107.32
41742 43923

38045
97952
106.84
42324

38492
996.27
108.79
42272

36897
947.94
107.59
40426

36422
926.25
111.49
39627

33333
853.38
105.18
353 12

337 10
853.24
103.77
36856

34644
860.44
110.42
38356

351.31
878.28
110.73
387.11

33399
853.41
105.68
353.99

32754
83315
105.98
34593

31894
81233
107.47
32885

By group:
Industrials
Public utilities
Railroads

Stocks
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods (111 Stocks)
Consumer goods (189 Stocks)

1941-43=10..
do....
do....
do.

118.78
134.52
131.37
86.88

128.04
144.24
139.03
100.67

128.40
145.70
143.14
9445

133.19
151.03
149.76
10084

134.43
152.29
150.80
10596

131.73
149.06
146.78
10467

132.28
148.70
144.84
108.55

129.13
145.30
140.10
10163

129.63
145.95
141.13
110.04

118.27
132.67
126.60
9367

119.80
133.98
123.98
9689

122.92
136.76
125.80
9838

123.79
138.35
128.23
98.37

117.28
131.08
121.78
95.43

114.50
127.56
120.53
9732

110.84
122.85
112.43
9700

Utilities (40 Stocks) . .
Transportation (20 Stocks)
Railroads (10 Stocks)

do
1970—10
1941-43 — 10

5054
18.52
7557

51 87
23.26
9309

4981
23.64
9769

5036
25.02
10132

5096
25.88
10325

5037
2448
9477

52 15
24.12
9091

5228
23.55
9255

5406
22.99
91 12

5101
20.03
7881

5141
21.01
8383

5452
21.92
8968

53.53
22.21
9084

51.81
20.05
8086

5139
18.95
7599

5233
1768
6773

Financial (40 Stocks)
1970—10
NewYorkCity banks(6 Stocks) 1941-43=10..
Banks outside N.Y.C. (10 Stocks)
do....
Property-Casualty Insurance (6 Stocks) do....

1250
44.00
102.90
127.06

14 44
52.45
117.82
141.29

1341
48.18
116.43
126.73

1430
49.83
119.52
136.70

14 44
49.65
119.30
142.81

1455
52.57
118.09
142.21

1580
58.23
127.68
155.50

1467
53.94
120.62
146.16

14 46
53.42
117.24
140.67

1373
50.82
111.69
132.95

14 40
53.75
113.93
141.22

1523
56.28
119.20
152.40

1476
54.01
112.58
149.00

1395
51.33
102.51
141.08

14 19
53.85
100.48
146.08

14 15
53.77
96.11
147.01

New York Stock Exchange common stock indexes:
Composite
12/31/65-50..
Industrial
do
Transportation
do
Utility
do....
Finance
do

68.10
7870
6061
37.35
6425

74.02
8544
7261
38.91
7352

73.52
8574
7276
37.59
6848

76.46
8939
7709
37.82
7282

77.60
9057
8063
38.34
7459

76.28
8878
7678
38.27
7465

76.80
8863
76.71
39.23
7979

74.98
8664
74.42
38.90
7497

75.24
8672
73.27
40.22
7376

68.37
7807
6367
38.17
6938

69.40
7893
6565
38.87
7256

71.49
8086
6768
40.73
7647

71.81
8170
68.27
40.22
7474

67.91
7685
6204
39.30
7099

66.16
7478
5909
3832
7050

63.86
7151
55 19
3857
6908

Yields (Standard & Poor's Corp.):
Composite (500 stocks)
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)

percent
do ...
do
do ..
do....

526
4.94
977
4.04
5.75

520
4.90
10 18
3.40
5.41

500
4.68
1033
3.22
5.62

488
457
1023
306
5.38

486
455
1046
298
5.41

498
467
1033
317
5.38

503
4.76
1003
3.22
4.95

5 18
4.88
1007
3.34
5.35

5 16
4.86
978
346
5.43

569
5.38
1049
399
5.74

565
5.35
1046
380
5.47

554
528
992
367
5.19

557
5.28
1022
376
5.48

595
564
1074
420
589

606
575
1077
438
579

Preferred stocks, 10 high-grade

do....

10.60

12.36

11.83

11.81

11.81

12.30

12.23

12.43

12.63

13.01

13.09

12.76

12.83

13.19

13.20

mil $
millions.

475 850
15,486

490 688
15,910

33 153
1039

49 120
1526

48253
1459

41252
1278

46694
1,520

42649
1,310

37728
1,224

33534
1,220

39673
1380

37495
1303

38692
1365

33445
1 222

mil. $.
millions..

397,670
12,390

415913
12,843

27987
834

41 888
1,239

41575
1,204

34253
1019

39713
1,232

36340
1,064

31 769
973

28378
974

33826
1,129

32029
1062

32701
1,092

28301
987

954

921

959

996

988

959

968

Sales:
Total on all registered exchanges (SEC):
Market value
Shares sold
On New York Stock Exchange:
Market value
Shares sold (cleared or settled)
New York Stock Exchange:
Exclusive of odd-lot and stopped stock
(sales effected)

sales
millions

Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $..
Number of shares listed
millions..

11352

11854

1,242.80
33.709

1,143.79
38.298

816

1 175

1 123

906

1 101

972

VALUE OF EXPORTS
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
Japan
See footnotes at end of tables.




mil. $.. 220,704.9 1233,739.0 18 845 4 22 928 5 205119 19 988 7 20,261.5 18 569.0 17 766.4 18 819.2 19 896 8 19 047 7 19 139 9 175153 17 637 3
do.... 220,548.7 '233,677.0 18,838.0 22,917.7 20,509.3 19,986.1 20,254.7 18,565.2 17,764.2 18,816.1 19,893.5 19,040 0 19,130.0 17 507.9 17 635 5
do .
19 788 2 21 277 8 19 786 1 18 899 0 19 749 8 19 289 4 19 030 8 19 550 7 19 163 2 19 152 9 18 885 4 18 736 7 18 703 6
do
do
do....
do....

90604 '110974
60 168 3 '63 848 7
4,875.7 '6,435.8
71,371.4 '69,714.7

7294
48974
413.8
6,069.1

10977
998 1
9286
64502 5 466 1 5 104 0
498.6
514.1
555.7
7 141.1 60684 57954

do.... 35,399.0 '39,565.8
do.... 21,337.7 '24,368.7
do
17 376 8 '17732 1

3,239.5
1,832.7
16499

3,747.1 36390
2,213.0 2,157.5
1 7590 15095

do
do....
do....
do....

18736
2,463.5

1 270

1,203.16 1,248.95 1,229.56 1,238.19 1,224.74 1,224.89 1,149.19 1,080.56 1,134.19 1,181.82 1,143.79 1,115.82 1,053.75 1,036.85
34.211 34.670 34.967 35.545 36.859 37.404 37.567 37.709 37.874 38.144 38.298 38.408 38.572 38.588

FOREIGN TRADE OF THE UNITED STATES
Exports (mdse.), incl. reexports, total @

12.97

10884
52934
692.7
53380

9363
9747
52806 48375
515.0
559.1
52141 50193

8754
944 4
7955
9254
5 010 8 5 582 6 5 286 4 56288
589.2
545.2
582.4
'544.1
57099 60402 57200 59125

8506
5 172 3
461.4
5545 1

3691 1 3 927.8
2,271.1 2,312.6
15226 15009

29773 3 1030
2,082.3 1,834.2
14696 13382

33027 3 1458 32138 28417
1,889.1 2,070.6 2,002.4 1,888.3
13648 14230 1 408 5 13056

24638
1,703.4
1 318 6

'2 159 4
'2,911.7

164 7
214.3

193 8
271.1

1980
260.4

193 3
265^3

285 0
250.0

184 2
267.9

193 8
233.4

132 7
230^2

177 6
266.9

140 7
2220

142 8
215.9

172 6
230^9

4,130.7 '5,297.5
20,790.0 '21,823.0

355.9
1,746.0

417.0
2,161.1

426.9
1,756.1

424.2
1,595.2

488.6
1,786.8

430.1
1.900.0

477.7
1,594.2

464.9
1.678.1

490.8
1.859.0

464 1
1.940.1

486.6
2.064.6

3912
1.785.8

S-17

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports—Continued
Europe:
France
mil $
German Democratic Republic (formerly
E. Germany)
mil. $..
Federal Republic of Germany (formerly
W. Germany)
mil. $..
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada

74854

17 340 5

6307

8473

7058

652 1

5508

5128

5185

6132

5552

5739

5627

478.6

'2957

50.1

339

400

252

52

146

90

9.0

249

17.7

164

49.9

864 1
9400
7379
8085
do ... 5,511.1 '5 360 0
460.6
3945
5743
4737
4249
3520
do....
1,512.8 '2,431.3
258.4
141.6
43.1
80.3
127.2
1991
do
12 693 6 '124392 1 1218 12403 1 1564 1 1112 10884 1 1465

7637

8877

9002

8464

7989

8225

4447
1013
8854

4196
257.4
9521

3904
280.8
9268

4590
239.9
9083

5480
358.3
9406

4136
3980
912 1

10,959.8 '102767

8636

do.... 35,395.3 '39 564 3 3,239 5
do.... 36 030 4 '38 950 1 32512
do
43435 13 798 2
4533
do.... 15,144.6 '177887 13299
do
45728 '5 444 9 4748
do.... 216,592.2 '228,960.8 18 522 0
do 216 436 0 '228 898 7 18 514 6
do .. 41 255 9 '43 338 5 38258
do.... 175,336.3 '185,6226 14 696 2

Latin American republics, total #
Brazil
Mexico
Venezuela
Exports of U.S. merchandise, total §
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
By commodity groups and principal
commodities:
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc. fuels #
Mineral fuels lubricants etc #
Oils and fats, animal and vegetable
Chemicals
Manufactured goods $
.
Machinery and transport equipment,
total
Machinery total 4t
Transport equipment, total
Motor vehicles and parts

mil $..
do....
do....
mil $..
do....
do....
do .

10259

36390 36910 39277 29770 3 1030 33025 3 1457 3 213.6 28417
36903 3395 1 35332 35617 32720 29336 29777 32417 3 089.2 29334
2565
2520
3308
332 1
347 1
287 3
2698
3023
2577
348 3
16200 16039 16734 17358 15130 13144 13754 15422 14026 13808
4368
453 1
5088
4878
4824
4385
5087
3999
4393
4672
37470

22 494 1
22 483 3
46669
17 827 2

20,102 3
20 099 7
37514
16 350 9

19 618.1
19 615 5
35668
16 051 3

19 851 9
19 845 1
3 1912
16 660 7

27 743 7 '30 290 8 27092 3004 1 26405 2412 1 23307
2177
2,663.0 '2,914 7
2190
1983
2623
2375
23,790.7 '20,992.4 1,843.5 2,325.9 1 823.9 1,865.0 1,594.4
79823 '102790
7455
6377
6138
7053
8262
1,946.3 '1,7503
145.4
1247
2068
1518
1645

20,740.2 '21 187 1 16845 20446
22 254 6 '20 632 5 16648 20246

mil $ 84 552 9
do
55 789 7
do. .. 28,838.8
do
14 589 6

'95 717 2
'62 945 5
'32,790 9
'162140

5234

17639
19409

75222 9395 1 86514
48506 6047 1 54561
26733 33518 3 1961
13345 15925 15315

18592
18933

18194
18022

18,198.6
18 194 9
28418
15 356 8

17 455 8
17 453 6
29264
14 529 4

18 376.5
18 373 4
32032
15 173.3

19,466 4
19 463 1
39256
15 540 9

18 646 0
18 638 3
37754
14 870 6

24635
27574
3062
1 1878
1 380 8

18 631 1 17 129 0
18 621 1 17 121 6
35965 32547
15,034.6 13 874 3

23423 22412 25170 2691 1 23353 23153 20649 2 1885
375 1
3048
2089
250.0
1944
1873
259.8
236.8
1,244.5 1,301.0 1,376.6 1,831.5 1,930.7 1,811.4 1,724.7 1,782.6
9584 1 131 1 10977 1 1062 10485 10509
9186
9190
124.3
1319
121.5
1584
1028
167.3
1294
168 1
18260 1644 1 1 684.9 17982 1 665.5 17154 15942 1,662.1
1660 1 1559 1 16607 16517 16236 14463 14569 13887

84598 8840 2 75972 74715
53714 56147 52990 48799
30891 32264 22989 2592 1
16038 15734 12973 1 196 4

78454 80018 75294 79312
5 1972 54575 5 1677 50122
26490 25450 23676 29210
13068 13255 12673 1 124 8

7 1267 69794
48498
22814
10237

VALUE OF IMPORTS
do 240 834 3 '261 304 9 21 124 3 21 362 6 22 775 2 21 454 2 22 522 2 20 349 6 22 617 5 20 748 7 23 555 1 22 555 0 19 663 4
do .
21 921 7 20 949 3 22 289 2 21 309 9 21 974 7 19*8067 23 528 3 21 228 6 23 234 4 22*521 5 19 516 3

General imports total
Seasonally adjusted.
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt . .
Republic of South Africa

do ..
do
do ..
do
do
do ..
do....
.

Asia; Australia and Oceania:
Australia, including New Guinea
Japan

do ..
do....

Mineral fuels lubricants, etc
Petroleum and products
Oils and fats, animal and vegetable
Chemicals
-,., i .
,**,
Machinery total #
A f

K'l

A

V pou'nrnpnt
r*

See footnotes at end of tables.

371-676 0 - 82 - S3




4584
3,320.5

'3973
'2,445.3

515
181.5

23020 32195 22046 29736
7 161 0 74684 73557 7 438 7
1875
3158 '2593
3056
45065 45881 4 410 8 4 516 2
39900 39222 4 1423 40515
19213 2 1286 19944 2 1148
1,294.0 1 132.3 1,086.8 1 1216

50 1
219.8

214
197.4

310
2249

549
1713

17230
72658
2397
45651
36778
1 7138
1 164.4

19509
84506
256 1
4938 1
36409
20740
1,306.6

57
2155

155
185.4

1 785 1 16696
76290 9 1027
'3420
'3085
40556 46542
37077 42598
18996 2 1557
1,329.7 1,404.2
286
151.2

514
180.9

4 ?1322 36060
1 874 7 18263
1 302.7 1,211.3

33
352.4

'5,851.4

455.8

4653

4567

5019

4699

4403

5291

432.2

466.9

599.6

534.1

439

'477

29

38

41

38

41

25

51

3.6

4.5

4.0

4.4

7580
9700 10110
396.7
395.6
397.6
197
324
445
8691 1 1191 1 103.9

9719
431.6
184
9895

950 1
7893
9183
9878
972.1
433.5
409.0
429.1
411.8
494.8
158
133
390
14 1
31 7
1,189.4 1,131.7 1,505.0 1,126.2 1,085.2

9987
494.4
27.8
954.7

2
3 508 5
Z
18606
2

1,452.5

24.3
131.0

5,247.0

11 681.2 '113790
4,313.1 '5,189.0
4532
'3475
9 755.1 '12834.6

18 265 2

22 828 8 190904

1 797.2 1,367.3 22 358.5
86360 69614 282466 5
241 1
2805
2005
45707 4 4103 24 758 5

161.7
261.0
177.2
235.4
187.8
194.3
223.3
238.3
mil. $.. 2,562.3 '2,514.8
143.9
195.3
190.3
do
30 701 3 '37 612 1 23412 3053 1 32230 30305 3 1476 3 1407 35429 29101 36989 33265 3001 5

Europe:
France
do ...
German Democratic Republic (formerly
E Germany)
mil $.
Federal Republic of Germany (formerly
W Germany)
. . . ..
mil $.
Italy
do....
Union of Soviet Socialist Republics
do
United Kingdom
.
do ..
North and South America:
Canada
do....
Latin American republics total #
do
Brazil
do ..
Mexico
do
Venezuela .. .
do....
By commodity groups and principal
commodities:
Agricultural products, total
mil. $..

F°d dl'
' al
Beverages and tobacco
.
Crude materials, inedible, exc. fuels #

32 250.9 '27 070 6 30445
78 848 0 '92 032 6 6555 1
33919 '3 352 7
2550
47 849 7 '53 409 7 40334
41 470 9 '46 432 0 3678 1
22 656 9 '23 477 4 20124
14,361.6 '15,526.4 1,545.6

Z
22 606 0
2

1,055.9
503.3
80
906.3

2
426
168.1

2

2

2
154.7
3 720 0

2

5110
2

3.6

2

12087 4
499.2
2
184
2
981.7

41,455.4 '46,413.8 3,676.4 39877 3 921.6 4,140.9 4,048.8 3,677.2 3,638.7 3,705.5 4,258.9 4,132.2 3,603.9 23,507.8
2
29 851 2 '32 023 3 29335 26366 26590 24353 25628 23819 26166 26515 30157 27556 2573 1 22759 9
395.0
376.4 2 335.4
297.1
411.8
412.6
3,714.6 '4 474 5
4136
3376
3492
352.1
356.4
382.4
9875 1 1226 1 1192 13624 1287 1 1 1709 12 1166
12 519 5 '13765 1 1 1672 1 1049 12454 10722 12077
472.7
373.5
436.6
5,297.1 '5,566.0
4070
496.5
324.2
310.3
433.5
514.8
467.0
602.2
612.3

17,425.0 '17,003.4 1,714.8 1,506.3 1,417.6 1,552.3 1,306.7 1,184.8 1,394.7 1,290.0 1,428.0 1,247.7 1,367.9
223 409 2 '244 301 4 19 471 8 19 826 6 21 326 7 19 891 4 21 182 9 19 132 4 21 276 8 19 487 8 22 107 4 21 305 4 18 285 2
d
15 762 7 '152376 13409 13729 12250 13712 12409 1 1616 1 176 1 1 1507 12954 1 1327 12992
299.9
219.7
239.3
316.3
238.9
311.7
231.3
285.5
2449
261.5
2,771.5 '3 138 3 236.0
do .
944.7
696.1
829.2
824.3
891.9
873.2
989.3 1,038.3 1,129.7 1,061.4
do.... 10,495.9 '11,193.4 1,029.4

do.... 79,057.7 '81,416.9
73 770 9 '75 577 3
do
'479.5
533.4
do....
do.... 8,582.7 '9,445.9
32 1904 '37 291 9
do
60 545 7 '69 627 2
31 903 6 '38 212 2
do
28 642 0 '314152
A
94 1 33 9 l9.fi9.1fiQ

7,943.4 6,475.9 7,835.5 6,078.2 7,255.5 5,692.0
73447 59925 7 368.9 5,651.8 6,853.8 5,264.9
32.0
38.3
24.9
40.5
46.6
60.0
815.9
707.8
767.4
818.1
825.4
794.1
2795 1 28077 3 1250 32210 3 1799 30923
4694 2 5984 2 5954 3 58538 59227 56942
2611.4 3 174.3 3,125.4 3,112.3 3,204.1 3,198.0
20828 28100 28289 27415 27186 24963
1 fiR94 9. 394 fi 9 399 9 29987 2 afifi 3 2.097.6

6,880.5 6,557.9 6,643.7 6,613.2 5,426.9
6,436.2 6,154.3 6,153.7 6,113.7 4,854.3
40.4
35.3
37.2
41.4
32.8
718.2
691.3
929.0
816.6
826.3
34402
58830
3,376.9
2506 1
2.089.7

3,077.0 3,455.1
52546 66066
3,146.3 3,819.0
2,108.4 2,787.5
1.752.4 2.370.7

3,287.0 2,901.1
64526 57113
3,586.7 2,971.3
2,865.9 2,740.0
2.290.6 2.296.2

2
1,306.8
2

2,460.3
21 343 0
12035 8 948.4
193.5
285.8
2
669.2
740.9
2
7,439.3 5,107.2
2
6,830.8
2
42.8
19.2
2
667.7
777.4
2
3,225.9 2,830.9
2
6 1997 52639
2
3,318.1
2
2,881.6
2
2.436.4

2

Mar.

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

April 1982
1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
.
1977-100
Quantity
do
Value
do
General imports:
Unit value
do
Quantity
do
Value
do

138 1
1329
1836

1508
1288
194 1

1490
1264
1884

1484
1542
2288

1504
1360
2046

151 1
132 1
1996

1497
1349
2020

152.2
1217
1852

151.0
1176
1776

151.3
1236
187.0

1528
1296
198 1

153.0
1240
1897

152.9
1239
1895

156.2
1116
174.2

161.4
1026
1655

1703
'1052
179 1

1743
997
1738

176 1
998
1758

175.9
1065
1873

172.5
1023
1765

1724
1076
1854

170.0
985
1674

167.8
1109
186.0

166.3
1026
170.6

166.4
1163
1936

165.7
1119
1853

167.4
965
1616

170.7
109 1
186.2

Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $

401 172
118 835

30016
9860

36416
12046

32482
10524

30656
10563

29244
9754

33589
9,809

33551
9,075

36081
10,079

39812
10,871

487,936
164 924

40,302
14657

34,240
14073

41,019
15909

37,102
14335

42,874
15603

35,014
13649

43,812
15959

39,482
14 123

40,316
15765

20.16
57.7
2,673

18.06
54.7
2,419

20.38
57.2
2,651

19.62
55.5
2,457

General imports:
Shipping weight
Value

thous sh tons..
mil $

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor
percent
Ton-miles (revenue), total
milOperating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Net income after taxes (quarterly) §

mil. $..
do....
do....
do
do....
do....

Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §

bil
mil .
do
mil. $..
do....
do....

International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §

bil
mil .
do
mil. $..
do....
do....

254.18
59.0
32,487

248.39
58.5
31,886

17.00
54.2
2,214

2
33,267
2
22,791
2

2,427
621
2
33,462
2
-90
200.09
3,274
944

19.84
56.8
2,591
8,367
7,108
577
157
8,536
217

20.26
58.4
2,603

21.82
61.0
2,776

22.86
60.8
2,876

24.46
60.8
3,057

24.50
68.2
3,023

19.72
57.6
2,566
9,729
8,195
625
161
8,600
73

9,416
7,963
625
159
9,292
3

198.13
3,338
994

14.08
246
78

16.49
286
86
6,964
6,993
-65

16.42
278
85

17.41
289
81

17.82
292
77
7542
7409
41

18.94
297
78

18.64
273
75

15.15
289
78
7463
7,442
-12

15.97
308
85

14.78
271
76

16.70
264
111

15.92
225
79

50.28
2,337
376

2.92
162
28

3.36
204
31
1,403
1543
-152

3.84
184
31

4.41
194
31

5.04
191
29
1,627
1641
-36

5.52
207
29

5.86
196
29

4.57
199
29
1,932
1,859
61

4.19
232
32

3.29
229
36

3.68
194
43

3.70
162
29

7,948

644

726

690

676

693

615

625

645

693

643

26,376
26,383
Z
156

2

54.09
2,458
392
a
6,891
2
7,079
2

-246

5

12.98

Urban Transit Systems
Passengers carried, total
Motor Carriers

r

8,228

mil .

Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues, total
mil. $..
Net income, after extraordinary and prior period
charges and credits
mil. $..
Tonnage hauled (revenue), common and contract
carrier service
nail tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly )
average same period 1967 — 100
Common carriers of general freight,
seas adj
1967—100..
Class I Railroads t

100
3,921

100
4,264

100
4,301

284

25

92

78

183

46

47

46

100
15,538

Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total #
mil. $..
Freight
. do .
Passenger, excl. Amtrak
do....

148.7

'147.1

28,258
26,350
439

30,904
28,925
535
28,583
1,362
3
2,055

151.9

do
do....
do

26,351
3,142
3
1,130

. bil .
do....
1969=100..

933.1
914.6
285.5

911.9
327.7 ""317.7

Hotels and motor-hotels:
Restaurant sales index.... same month 1967=100..
Hotels: Average room sale 1J
dollars..
Rooms occupied
% of total..
Motor-hotels: Average room sale
fl
dollars..
Rooms occupied
% of total..

182
49.48
65
35.30
66

194
56.39
68
38.31
67

Operating expenses
.
.
Net railway operating income
Net income (after taxes)

.

Traffic:
Ton-miles of freight (net) total, qtrly
Revenue ton-miles, qtrly. (AAR)
Price index for railroad freight

150.6

153.3

153.6

153.4

151.1

145.8

139.7

134.9

126.2

r

651

127.5

603

623

"132.0

7,697
7,191
143

7,660
7,182
121
6,960
469
636

7,582
7,101
126

7,179
274
341

7,966
7,452
144
7,331
428
498

236 1
236.6
321.4 ""321.0 ""32i"4

2298
222.5
324.3 ""333.2 ""mS

227 1
227.5
333.6

337.6

337.8

225.1
337.5

198
58.11
74
37.42
72

200
56.29
73
38.00
70

214
54.90
72
40.15
73

191
55.55
67
38.56
67

215
59.56
74
38.85
68

189
58.72
64
38.57
59

195
57.95
50
38.21
50

335

317

2,244
2,709
3012
2,393
363

323

3,556

5,237

7,892

10,955

7,113
192
580

349.7

349.9

Travel

Foreign travel:
U.S. citizens: (quarterly)
(quarterly)
Aliens: (quarterly)
(quarterly)
Passports issued
National parks visits
See footnotes at end of tables.




thous..
do....
do....
do....
do....
do....

2
9,010
2

2

9,971
11,252
2
9,285
3,020
59,081

176
56.17
68
37.61
64

r
8,905
T

r

9,978
ll,976
r
9,933
3,222
62,237

237
2,092

2,012
2,148
2,401
1,961
338
2,622

191
57.28
73
38.14
71

214
56.05
69
39.42
76

192
49.44
68
38.79
76

272
11,226

2,666
2,863
3,858
3,199
225
6,865

196
5,032

172
2,719

1,965
2,208
2,681
2,339
210
2,023

4
700
4
703
4
877
4

759
208

260

208.2
350.1

S-19

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981
Mar.

Feb.

Annual

1982

1981
Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
mil $
Station revenues
do....
Tolls message
.
do
Operating expenses (excluding taxes)
do.
Net operating income (after taxes)
do....
Phones in service end of* period . .
.
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses
do
Net operating revenues (before taxes)
do. .
Overseas, total:
Operating revenues
do
Operating expenses
do....
Net operating revenues (before taxes)
do—

5048
2,236
1931
3352
913
1645

5307
2,244
2 144
3498
985
1647

5275
2,272
2 102
3577
888
1650

5303
2,288
2076
3574
923
1648

5,503
2,330
2 199
3620
1,019
1648

5714
2,338
2319
3727
1,074
1648

5,772
2,360
2340
3703
1,117
1646

5816
2,415
2310
3812
1,085
1653

5,838
2,466
2354
3,820
1,111
1653

5,806
2,463
2264
4,060
950
165 1

697 1
5615
959

585
482
7.1

630
493
10.3

640
500
108

619
486
7.3

684
549
9.3

680
555
8.9

682
530
11 4

677
560
78

676
568
7.7

657
53 1
9.1

5
5342
5
374.4
5

45 1
32.2
10.8

500
34.0
13.7

480
352
10.7

466
36.0
8.5

495
28.3
11.1

502
38.3
9.9

470
39.4
5.4

50 1
39 1
8.7

512
36.9
12.1

480
37.4
8.5

56738
24,333
22983
37983
10,194
1599

66,498
28,117
26505
44,594
11,903
1649

137.4

5,978
2,503
2394
4,505
865
1649

5,911
2,508
2324
3,924
1,041
1045

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
thous. sh. tons- r 1,286
Chlorine gas (100% C12) $
do—
ll,421
Hydrochloric acid (100% HC1) $
do....
'2,895
r
Phosphorus elemental^
do
432
1
Sodium hydroxide (100% NaOH) $
do....
11,606
Sodium silicate, anhydrous $
do....
'786
r
Sodium sulfate, anhydrous $
do. ..
l,139
Sodium tripolyphosphate (100% Na5P3010) t
r
789
do—
Titanium dioxide (composite and pure) t
do....
'727
Sulfur, native (Frasch) and recovered:
1
Production
.
thous Ig tons
10,271
Stocks (producers') end of period
do....
3,042
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons- '19,653
r
Ammonium nitrate, original solution $
do—
9,127
Ammonium sulfate $
do....
'2,136
Nitric acid (100% HNO3) $
do....
'9,232
Nitrogen solutions (100% N) $
do....
'2,773
Phosphoric acid (100% P2O5) $
do— '10,938
Sulfuric acid (100% H2SO4) $
do....
44,272
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
thous. sh. tons..
8,339
Stocks, end of period
do
372
Potash deliveries (K2O)
fl
do
6,950
Exports total #
do
29,445
Nitrogenous materials
do
3,668
Phosphate materials
do
17,524
Potash materials
do
1,815
Imports:
Ammonium nitrate
. .
.
do
247
Ammonium sulfate
do—
289
Potassium chloride
do
8,907
Sodium nitrate
do....
158
Industrial Gases
Production:
Acetylene $
mil. cu. ft...
5,493
Carbon dioxide, liquid, gas, and solid
thous. sh. tons3,720
Hydrogen (high and low purity) $
mil. cu. ft.. 106,064
Nitrogen (high and low purity) $
do— 478,964
Oxygen (high and low purity) $
do— 430,729
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil. lb..
'33.7
Creosote oil
...
. . . .
. mil gal
152.5
Ethyl acetate (85%)
mil. lb.
'233.6
Formaldehyde (37% HCHO) . . .
do
'5,555.3
Glycerin, refined, all grades
do
314.8
Methanol, synthetic
mil. gal.. '1,077.3
Phthalic anhydride
mil lb
'818.2
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal'643.0
Stocks end of period
do
72.0
Denatured alcohol:
Production
mil. wine gal
300.8
Consumption (withdrawals)
do....
282.8
Stocks end of period
do
10.7
See footnotes at end of tables.




1,206
10,557
2,444
426
10,651
738
1,162

91
904
209
34
910
58
115

94
932
217
38
952
69
98

102
960
210
38
965
70
98

99
947
210
39
962
55
99

98
937
221
36
945
73
95

114
893
221
34
894
62
96

97
874
202
37
873
59
96

119
851
183
34
861
69
95

106
837
173
38
826
61
92

93
765
173
32
767
57
89

101
771
184
30
772
54
97

686
748

57
60

60
63

61
68

59
70

66
68

57
61

58
57

53
65

56
65

51
58

53
55

10,369
3,571

818
2,989

869
2,918

838
2,876

878
2,859

875
2,824

915
2,930

914
3,044

852
3,203

834
3,235

842
3,367

844
3,571

19,042
8,791
4
1,642
9,040
4
2,948
9,914
40,360

1,535
736
(2)
764
235
873
3,480

1,733
839
217
875
284
941
3,829

1,698
778
219
804
279
961
3,808

1,632
741
188
760
4
263
927
3,656

1,582
651
181
695
4
235
918
3,560

1,545
673
199
714
4
250
850
3,412

1,510
617
165
657
4
231
676
2,896

1,537
684
152
717
252
742
3,142

1,547
744
(2)
742
4
224
760
3,096

1,491
723
148
728
218
690
2,869

1,569
768
(a)
752
4
220
707
2,908

16,907
1,080
6,478
22,391
2,834
13,308
1,203

1,553
1,338
556
1,803
258
1,125
75

1,717
1,417
651
1,864
226
1,225
94

1,693
1,374
687
1,859
245
1,184
114

1,632
1,339
441
2,015
259
1,175
97

1,514
1,414
514
1,949
227
1,076
110

1,436
1,561
513
2,184
333
1,143
116

1,092
1,321
806
1,659
124
979
103

1,158
1,211
378
1,872
220
1,029
90

1,261
1,177
399
1,512
167
880
93

1,112
1,276
550
1,579
221
982
101

264
327
8,601
159

18
13
681
13

31
46
876
25

45
28
806
35

19
46
598
16

16
10
651
12

14
16
623
10

16
29
948
0

15
17
786
16

26
10
655
26

4,904

404

440

409

397

388

389

353

425

3,982
101,563
485,046
421,748

288
9,490
38,322
32,983

324
8,582
41,248
37,153

355
8,625
40,052
36,281

324
8,746
41,797
37,964

345
8,490
40,396
35,726

385
8,544
40,921
36,147

353
7,630
40,939
34,158

324
8,785
41,225
34,930

29.6
117.9
'278.9
'5,854.6
299.1
'1,266.2
'810.7

2.6
10.2
20.8
506.8
20.7
99.7
53.0

3.4
10.5
23.1
531.9
25.3
97.1
96.0

3.2
10.4
27.2
576.5
27.1
114.5
84.7

1.9
11.0
22.2
537.0
25.7
100.5
87.1

1.6
10.8
20.6
504.2
27.0
108.2
81.4

1.8
8.7
24.2
461.2
25.3
112.5
60.6

2.8
8.2
22.7
593.0
24.2
84.6
72.5

44.3
64.8

49.3
73.6

50.9
69.8

44.0
76.2

42.2
67.5

45.3
72.5

18.7
18.2
8.2

17.4
17.7
6.6

19.3
18.5
4.5

18.0
17.5
4.0

23.4
23.0
3.1

17.2
16.6
3.4

3

3

'782
'3,651

733
3,689

1,080
1,080
614
1,834
246
1,148
100

416
1,497
243
860
62

396
1,637
212
1,135
30

26
12
577
6

17
58
719
0

21
20
670
12

16
24
552
0

392

384

443

335
8,300
41,545
36,440

324
7,669
39,246
32,603

314
8,042
39,209
31,688

2.9
10.2
20.9
494.7
29.8
99.5
80.3

2.4
9.9
26.0
483.1
28.7
104.7
49.3

2.1
8.8
24.8
435.8
22.7
107.7
48.4

1.8
8.8
18.2
376.5
16.7
121.5
57.1

2.1
5.2
13.7
375.0
17.1
93.0
53.8

2.4
6.4
11.0
379.0

55.8
75.4

53.1
78.7

44.0
75.8

18.0
17.3
3.5

18.8
18.5
3.1

20.7
18.9
3.4

85.8
42.1

Mar.

S-20

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

April 1982

1981

Annual

Feb.

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil. lb.. 1 1,744.9 '1,489.0
Polyethylene and copolymers
do.... '11,719.9 '11,998.4
Polypropylene
do.... 13,699.0 '3 948.1
'5 540 1 '5 686 6
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do.... '5,485.4 '5,663.3
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil. lb.. '3,000.4
30036
Paints, varnish, and lacquer, shipments:
76359
83917
Total shipments .
.
. . mil. $.
Architectural coatings
do.... 3,641.2
3,966.4
Product finishes (OEM)
do
24185
27357
Special purpose coatings
do.... 1.576.2
1.689.5

237.0
173.8
238.5
942.2 1,116.6 1,063.3
332.4
3356
318.6
5839
5010
4485
554.3
551.0
476.5

225.6
151.8
125.1
192.5
1,058.4 1,001.2 1,005.5 1,032.7
346.6
328.1
357.4
347.3
4683
4566
4902
4989
517.4
500.0
552.5
552.2

599.7

741.2
5932
259.2
2138
120.2

728.1
339.5
2495
139.1

7745
374.6
2483
151.6

7708
385.4
2404
145.0

8518
426.1
2612
164.5

125.4
984.3
316.9
4963
451.1

129.5
954.2
327.3
4916
402.2

104.9
886.8
3014
4332
384.9

101.8
825.9
273.3
4046
310.6

7042
315.1
2357
153.3

r
572.0
r
248.1
r

509.6
223.4
1845
101.7

784.8
390.5
232.7
161.7

773.2
372.5
2330
167.7

100.7
845.8
304.5
3975
384.5

816.7

846.1
774.4
396.8
2249
152.7

93.2
814.6
276.4
3518
329.0

2030
121.0

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
.mil. kw.-hr..
By fuels
do
By waterpower
do .
Sales to ultimate customers, total (Edison Electric
Institute) $ .
.
.
mil kw -hr .
Commercial and industrial:
Small light and power §
do
Large light and power §
do
Railways and railroads
do....
Residential or domestic
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental
. .. do. .
Revenue from sales to ultimate customers (Edison
Electric Institute) $
mil. $..
GAS
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
. thous
Residential
do
Commercial
.
do....
Industrial
do
Other
do
Sales to customers total
tril Btu .
C

' 1

do

Industrial
Other
Residential
Commercial
Industrial
Other

do
do
do
do....
. . . do. .
do

179 624 185,435 172,369 177,656 202,694 220,164 210,245 186,858 181,377
158490 164 863 151 646 153 574 176325 195 032 188,610 169 016 163 264
21 134 20572 20723 24081 26370 25133 21,635 17,842 18,114

2,286,034
2 010 013
276 021

2 095 333 2 111 899 180 663 172,296 164 971 162 656 174,208 191,316 192,116 183,125 170,764 163,665 173,711
509 547
791 241
4292
720 784
14566
48426
6477

522 993
795 369
4,103
716 471
14921
51200
6841

91,618.7 105,868.3

42615
65632
365
65789
1345
4340
578

41 114
66251
367
58402
1317
4242
602

8,324.3 8,061.0

39710
66000
339
53024
1 152
4 175
571

40392
66040
331
49978
1206
4 125
584

48,848 47,192
69 198 68491
326
325
67472 61040
1 177 1206
4,284
4,481
614
587

43,184
66677
322
54522
1220
4,288
550

40,789
63968
329
52743
1302
3989
544

43,161
62252
355
61,929
1294
4,183
536

7,653.8 7,987.2 8,948.2 10,094.0 10,197.1 9,609.9 8,799.8 8,415.8 9,165.6

47,760
43,963
3,560
189
48
3,458
789
428
2,182
60
12416
3405
1,678
7,182
152

47840
44016
3,584
191
49
5,312
2 151
996
2068
97
18993
8336
3,725
6,662
269

47263
43528
3499
188
48
15409
4 823
2442
7862
283
48276
17 409
8,149
22081
637

44501 48,909
67497 68847
332
335
55789 67078
1 172 1 137
4,442
4332
572
581

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
Stocks end of period
Distilled spirits (total):

Taxable withdrawals
Stocks end of period
Imports
Still wines:
Production i
Taxable withdrawals i
Stocks end of period $
Imports
Distilling materials produced at wineries
See footnotes at end of tables.




do....
do
do
do
do
do
do....
do

13.12
1239
13.38

13.93
12.91
12.95

15.19
11.90
14.16

41.07

54.09

30.70

12.32

9.12

7.03

6.33

8.80
54006
10.00

9.30

6.62

4.91

4.65

204
2.11
14.44
0.53

380
4.52
20.75
0.76

288
3.91
12.63
1.07

195
2.72
11.53
1.01

0.53

6.33

20216
3146
62050
8.37
67.97

101.90
3640
65667
10.24
32.05

26.59
3155
62490
11.12
1363

15.00
3096
604.31
10.91
10.50

9.96

6.49

14.61
1384
13.99

1887
1700
15.78

1863
1729
15.24

1668

14 75

1273

11 82

638

793

11 43

1371

11793

3088
62577
872

3568
57104
1004

37.03
63318
9.03

3442
62393
10.21

3772
63785
7.67

35.91
62126
8.56

33.36
618.00
8.33

34.75
61274
11.77

39.07
60960
13.32

8431
51202
86.00

86.53

8 13
553 47
5.06

1242
49791
7.64

1064
55833
6.88

844
55877
7.56

738
55579
5.30

3.68
55127
6.52

4.66
547 19
5.83

6.92
54360
9.32

26 20
25.28
r
927
483

3040
27.26
1153
766

2 42
1.03
1186
035

285
1.63
1320
0.38

242
1.73
1397
0.55

236
1.98
1447
0.64

305
2.42
1192
0.45

247
1.68
15.14
0.55

230
2.26
14.89
0.52

'50905
r
349 35
r
610 53
97.68
22438

46014
36368
60431
107.60
18820

504
25 14
548 25
7.52
352

587
3231
52679
7.44
281

543
29 13
494 01
7.70
294

562
2903
46663
9.34
596

445
31 20
428 05
7.97
524

584
29 51
40161
8.58
296

74.37
2666
43753
9.51
35.12

do

Consumption, apparent, for beverage
purposes i
mil wine gal
Stocks end of period i
mil tax gal
Imports
mil proof gal
Whisky:
Production i
mil tax gal
Stocks end of period i
do
Imports
mil. proof gal..
Wines and distilling materials:
Effervescent wines:

18.80
1737
14.98

1768
1547
15.26

19408
173 37
1396

mil bbl

19369
17668
1295

14053
2

449 42
57802
11371

r

3

448 82

1458
1241
1495

1672
1501
15.12

1430

17.72
1622
14.53

15.72
14.68
14.42

Mar.

S-21

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981
Feb.

Annual

1982

1981
Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) @
Stocks, cold storage, end of period
Price wholesale 92 score ( N Y . ) .

mil. Ib
do....
$ per Ib

1,1453
304.6
1448

1 236.8
429.2
1535

110.1
372.3
1537

mil Ib .
do

3,983 1
23746

42045
25848

316.5
198 1

Cheese:
Production (factory), total @
American whole milk @

Stocks cold storage end of period
do
American whole milk . .
do
Imports
do.. .
Price, wholesale, American, single daisies
(Chicago)
$ per Ib

1169
450.4

1162
473.6

966
507.5

84.1
515.5

3654
2245

3712
2375

3869
2535

3859
2436

347 1
2179

r
5936
r

r
6324
r

116.7
407.4
1535

3337
2028

3245
1882

3388
1984

326.3
1913

365.4
2170

347.0
2184

325.8
2049

7194
6177
169

6943
5986
220

6824
5913
234

6775
5904
26.5

7096
6230
52.9

7173
6320
19.0

11.8

1678

1685

1 692

1684

1.684

1684

1679

1 678

1678

650

652

692

678

680

60 1

570

603

682

58.1

536

530

663

770

816

99 1

101 1

848

586

460

455

407

21

28

32

27

24

30

29

31

37

22

50

11511
6,718
1380

11 509
6,863
1360

12055
7,052
1350

11 576
6,830
1340

11344
6,456
1340

11 104
6,179
1340

10638
5,837
1380

10 751
5,902
1400

10384
5,530
1400

10847
6,155
1400

11047
6,370
1390

6.0
95.3

68
110.0

80
1229

85
1353

64
132.6

70
120.0

76
114.8

84
94.5

92
90.4

86
88.2

8.8
109.6

9.2
104.1

80
107.2

48
933

39
965

40
1020

46
1165

36
1163

33
99 1

29
1043

30
872

28
837

43
758

60
867

76
87.7

69
945

7247

751 7

547

604

518

460

369

395

434

349

34

29

Fluid milk:
Production on farms $
do
Utilization in mfd. dairy products @
do....
Price wholesale U S average
$ per 100 Ib

128 525
71,687
13 10

132 634
75,637
1380

10 129
5,903
1400

Dry milk:
Production:
Dry whole milk @
Nonfat dry milk (human food)@

827
1,160.7

92.1
1,306.8

53
850

60
867

do
do

r

1 678

1 640

Stocks, manufacturers', end of period:
Dry whole milk
.
Nonfat dry milk (human food)

1168

1670

1672

mil Ib
do....

128.3
433.1

7142
6157
186

1562

do

108.9
429.2

6857
5850
168

5963
5086
11.6

.

942
451.1

6498
5556
137

7096
6230
247.6

Exports

1005
470.0

r

5399
195

5788
4796
2312

Condensed and evaporated milk:
Production case goods @
mil Ib
Stocks, manufacturers', case goods, end of month
or year
mil Ib

863
489.5

850
515.6

5039
153
1 669

10311
6,099
1380 '"P 13*70

176.2

198.0

7.2

11.4

14.6

24.2

31.4

26.3

30.9

17.0

8.2

7.9

2.0

9.4

12.6

0.887

0.939

0.936

0.937

0.939

0.939

0.939

0.938

0.938

0.939

0.944

0.942

0.940

0.936

0.936

39144

39142

3418

3619

326 1

2898

2899

2957

3012

3588

3696

3128

3186

2858

2995

85

82

151.1

147.2

Exports, whole and nonfat (human food)
do....
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per Ib..
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat)
Barley:
Production (crop estimate)
fl
Stocks (domestic), end of period, total $
On farms £
Off farms
Exports including malt §

mil bu
do
do. .
do
do

Exports, including meal and flour

do....
mil bu
do
do ..
do

Exports, including oatmeal
do....
Price, wholesale, No. 2, white (Minneapolis)
$ per bu
Rice:
Production (crop estimate)
mil. bags #..
California mills:
Receipts, domestic, rough
mil. Ib..
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib..
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. Ib..
Shipments from mills, milled rice
do....
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. Ib..

Wheat:
Production (crop estimate) total jf
Spring wheat |J
Winter wheat
fl
Distribution quarterly @ @

6,644.8
58588
4 141.5
1 7173
2,485.3
2

4583
3910
329.3
61 7

918

2,159.3

48

1373
4
744
4
628
01

35

332.5
2307
1018

4510
3030
1480
15

67

124

120

165

87

77

3
2 774 2
3
18183
3

39872
2,641 1
1 346 1
199.8

222.2

5

185.3

207.6

69000
4 966.0
1 934 1

15 034 0
490 1
5
5438

9559

157.7

147.2

139.2

150.0

194.6

175.0

172.4

2

508 1
3647
3136
51 1

12.8

4
1769
4
1489
4

256 1
2117
44 4

3647
313.6
51 1

4578
3840
737

280

1.5

0.8

25

19

0.6

1.4

0.8

0.9

0.6

0.5

0.3

0.6

0.3

o
2

146.2

2

185.4

3,582
2711

3,359
2267

253
271

333
268

351
303

317
346

218
186

168
67

219
238

92
106

473
90

293
79

287
97

84
70

184
62

231

510

224

226

203

120

107

174

114

98

326

426

510

493

550

10,831
6,795

10,821
7,354

830
635

749
852

274
660

142
492

85
499

182
389

1,503
511

3,308
673

1,696
738

848
660

768
654

505
612

683
564

2,969

2763

2604

2342

1 853

1 456

1008

772

1,232

2722

3091

2,906

2,763

2,572

2300

6620

6 801

613

809

688

794

497

371

453

470

532

583

458

479

515

0.225

0.256

0.270

0.275

0.275

0.280

0.280

0.280

0.265

0.250

0.225

0.213

0.195

0.185

0.175

2

2

125.6
124.2

143.8
138.7

16.5
93

18.6
78

2

2

2

2

2374
2
479
1895
2 191

575

1,328.6
5389
7898

1,903.2
7534
1 1497

2,173.9
9548
12192

Exports, total, including flour
Wheat only

do....
do....

1,344.5
1,309.5

1,647.7
1,610.8

4

69

2793
2
695
2099
2525

do....
do
do




11 5

8,201 0
69000
49660
1 934 1

Stocks (domestic), end of period, total $
On farms $
Off farms
.
.
.

See footnotes at end of tables.

4

2034
113 4
900

2

9.1

mil. bu..
do
mil bu
do
do
do

4783
3325
2307
1018

689
2

Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$ per Ib..

Rye:
Production (crop estimate)
fl
Stocks (domestic) end of period $

2

3610
3034
1856
1178

do

Corn:
Production (crop estimate, grain only) 1J .. mil. bu..
Stocks (domestic) end of period total $
do
On farms $
do. ..
Off farms
do
Oats:
Production (crop estimate) |j
Stocks (domestic) end of period, total ±
On farms $
Off farms

2

128.8
124.4

134.0
128.8

145

41

6

6

340

4
988.8
4
4143
4

5745

134.5
127.7

80.0
76.0

130.0
124.5

140.4
138.1

148.7
145.4

78

1049

561

2,733.9
1 2049
15290

2,173.9
9548
1 219.2

195.8
194.1

157.6
156.9

127.8
127.5

137.8
137.4

0.160

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1980

April 1982
1982

1981
Feb.

Annual

Mar.

Apr.

May

June

July

Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Mar.

Feb.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Continued
Wheat flour:
Production:
Flour $
thous sacks (100 Ib )
Millfeed $
thous sh tons
Grindings of wheat $
thous. bu..
Stocks held by mills, end of period
thous sacks (100 Ib )
Exports
do....
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib..
Winter, hard, 95% patent (Kans. City)
do....

r

285
579
r
5045
637,973

22787
399
51,084

24959
435
55,310

23967
424
53,402

23421
420
52,184

23521
416
52,643

23342
410
51,194

23665
431
53,323

24 189
436
54,589

24712
440
55,552

22835
410
50,982

3460
15,839

1,896

3897
2,241

2,932

1,724

3,895
2,350

987

1,420

4,222
724

284

10.844
10.347

11.113
10.400

10.975
10.275

11.100
10.525

11.075
10.313

11.125
10.525

10.813
10.275

10.750
10.300

10.588
10.200

14048

15008

1027

1203

1,236

1,258

1,320

339
198

392
238

0.270

0.270

0.290

0.285

0.255

193.6

193.4

15.0

16.6

15.9

31
24

35
22

0.628

282 655
4866
628,599

r

3842
15,014
1

10.566

lo.iie

1

r

22r 321
403
50,197

23993
429
53,794

117

3,460
184

605

2,165

10.525
10.025

10.675
10.313

10.338

10.763
10.638

10.950
10.700

10.738
10.638

1,377

0.256

r

POULTRY AND EGGS
Poultry:
Slaughter
mil Ib
Stocks, cold storage (frozen), end of period, total
mil. Ib..
Turkeys
do....
Price, in Georgia producing area, live broilers
$ per Ib..
Eggs:
Production on farms
mil. cases §..
Stocks, cold storage, end of period:
Shell
thous cases §
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..

r

r

r

375
221

356
208

1,087

392
238

378
238

0.255

0.245

0.230

0.230

0.255

0.250

15.7

16.4

16.2

16.9

16.6

15.0

1,356

657
466

716
532

0.260

0.265

0.290

0.280

16.2

15.5

16.1

16.2

r

r

31
22

25
23

41
24

0.690

0.672

0.629

0.697

0.622

0.629

r
2478
32,819

192
2,483

213
2,726

190
2,625

158
2,593

75.13
75.52

63.84
64.26
77.18

61.50
68.41
78.00

61.40
65.47
80.88

64.92
66.28
83.90

66.86
63.10
84.25

68.26
63.51
82.38

91882

87850

6873

7988

7993

7004

6682

39.48

44.29

42.78

39.88

40.15

41.96

14.4

14.9

12.8

11.9

12.0

12.6
r

31
22

1,227

469
305

1,306

596
401

r

423
256

r

!8
24

1,191

703
528

1,336

509
327

r

397
229

r

r

r

20
27

19
25

21
26

38
24

35
22

26
21

0.675

0.687

0.707

0.713

0.773

0.721

0.762

0.742

236
2,939

217
2,668

254
2,829

228
2,771

210
2591

39
27

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
Cattle
.

thous animals
do

2294
31642

Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib..
Steers, stocker and feeder (Kansas City) .... do....
Calves, vealers (So. St. Paul)
do....
Hogs:
Slaughter (federally inspected)
thous animals
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 Ib..
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected)
thous. animals..
Price, wholesale, lambs, average (Omaha)
$ per 100 Ib..

r

5,363

5,789

426

488

512

59.81

54.44

54.50

55.25

59.25

38r675
578
1,847
1,832

3014
783
141
167

r

22r629
266
486
1317

1752
356
38
128

r

0.990

0.961
26
8

175
2,770

r

r
204
2,765

r

r

r
!98
2,772

r
228
2,846

r

r

67.86
61.51
76.00

66.37
64.15
77.25

65.37
64.58
77.50

61.45
62.52
71.75

59.84
61.77
68.88

59.24
58.96
67.50

60.75
59.22
69.00

63.54
62.37
67.50

6540

6580

7320

7872

7308

7923

6875

6340

48.78

51.01

51.14

48.89

46.15

42.10

40.17

45.77

49.70

49.50

15.0

15.7

17.1

19.1

18.4

17.7

16.3

17.1

19.8

20.2

r

426

440

439

467

546

558

476

522

510

490

65.00

66.25

59.00

53.75

50.25

51.00

46.00

46.50

49.75

51.50

3417
r
578
154
118

3 152
554
129
127

2894

65.80
63.96
71.50

59.00

MEATS
Total meats (excluding lard):
Production total
Stocks, cold storage, end of period
Exports (meat and meat preparations)
Imports (meat and meat preparations)

mil Ib
do....
do....
do....

38590
750
1,663
2,052

r

do
do
do....
do

21849
338
425
1531

r

Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs.) (Central U.S.)
$ per Ib..

1.044

Beef and veal:
Production total
Stocks cold storage, end of period
Exports
Imports

Lamb and mutton:
Production total
. .
Stocks, cold storage, end of period
Pork (excluding lard):
Production total
Stocks cold storage end of period
Exports
Imports

mil Ib
do....

310
9

mil Ib
do
do
do.. .

16431
349
314
433

r

328
11

r

r

r

3247
509
123
180

r

l 861
252
39
119

1930
242
40
141

r

1.072

1.039

24
12

24
13

25
14

1254
394
39
37

1201
347
34
39

1T162
284
19
39

1 157 1 287
207
225
19
20
42
29

1 391
238
28
36

1 319
255
30
35

1445
264
29
33

1 234
249
30
30

1 116

3071
795
189
140

r

!845
349
40
110

1 794
338
34
95

r

0.943

0.997

29
8

3389
776
169
131
!935
351
54
87

r

r

r

3,041
r
629
128
162

r

!893
306
46
108

1 855
280
30
116

T

1.033

1.065

29
10

24
10

!425
404
31
36

3299
817
148
155

3 118
717
180
153

3,044
539
144
168

r

r

3433
547
174
167

r

2011
252
48
123

1838
241
39
80

1r 942
266
43
80

1889
258
33
93

1 750

1.030

0.960

0.946

0.937

0.974

1.012

30
13

31
13

27
11

30
11

29
10

28

3185
552
154
120

147
106

46
72

1.038

!5 719
264
345
432

1 235
356
32
33

1425
361
37
37

254.8
1.011

I.'l37

246.9
1.146

245.9
1.105

252.4
1.035

242.4
1.124

254.4
1.191

278.9
1.261

282.6
1.212

284.3
1.185

284.5
1.148

283.3
1.074

292.3
1.007

273.7
1.209

279.1
1.169

282.5
1.100

Cocoa (cacao) beans:
Imports (incl. shells)
thous Ig. tons .
Price, wholesale, Accra (New York)
$ per Ib..

148.5
1.354

245.0
1.085

27.8
1.100

19.2
1.120

304
1.150

27 1
1.040

24.1
0.890

19.3
1.085

22.0
1.120

203
1.170

24 1
1.130

58
1.030

11 5
1.090

100
1.160

290
1.070

1.020

Coffee (green):
Inventories (roasters', importers', dealers'),
end of period
thous bags fi
Roastings (green weight)
do.. .

2834
17,047

(33)
()

Imports total
From Brazil
Price, wholesale, Santos, No. 4 (N.Y.)
Confectionery, manufacturers' sales @

do.. .
do
$ per Ib..
mil. $..

18,153
3505
2.066
4,649

16555
3243
1.594
r
5,095

1738
259
2.180
437

1395
364
2.180
440

1299
138
2.180
378

1356
283
1.290
305

1,026
166
1.155
325

922
213
1.155
304

1,213
172
1.270
430

1487
316
1.295
588

1565
309
1.470
450

1547
294
1.500
r
456

1 287
186
1.510
405

1 195
210
1.360

1.360

mil. Ib..

393

350

344

319

295

294

331

356

373

363

355

350

315

280

.

Prices, wholesale:
Hams, smoked #
Index, 1967 = 100..
Fresh loins, 8-14 Ib. average (N.Y.)
$ per Ib..

2

25
30

MISCELLANEOUS FOOD PRODUCTS

Fish:
Stocks, cold storage, end of period
See footnotes at end of tables.




2590
3,962

2849
4,742

(3)
(3)

1 150
256
1.270
582
378

S-23

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS— Cont.
Sugar (United States):
Deliveries and supply (raw basis): §
Production and receipts:
Production .
thous. sh tons
Deliveries total
.
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports raw and refined

4713

5 157

487

232

153

201

138

82

86

128

603

1 132

1 154

do
do....
do....

10838
10 149
2,970

10922
9,731
3,311

743
675
3,472

1004
836
3,195

878
785
2,807

943
815
2,755

1031
914
2,285

997
877
1,928

985
853
1,602

1099
986
1,416

861
783
1,579

842
766
2,416

785
746
3,311

648
638
r
3,743

sh. tons-

608,029

979,157

88,501 122,452

91,131

68,370

65,210

47,605

4,370

16,359

4 127

5054

289

313

255

398

312

347

313

424

653

462

902

223

100

$ per lb..
do....

0.306
0.405

0.198
0.303

0.266
0383

0.231
0.344

0.200
0315

0.163
0.266

0.191
0.295

0.198
0285

0.185
0.295

0.154
0.236

0.160
0.261

0.163
0.261

0.167
0.261

0.180
0.282

0.178
0.282

thous. lb..

184,786

190,254

18354

14696

19220

18,990

17736

14586

19,128

13,205

15855

13,473

12,121

15,055

15,464

.

thous sh tons

Prices, wholesale (New York):
Raw
Refined (excl. excise tax)
Tea, imports

55,765 134,737

80,412

83,266 115,336

745
P

3,644

0.169
0.282

TOBACCO
Leaf:
Production (crop estimate)
.
Stocks, dealers' and manufacturers',
end of period $
Exports, incl. scrap and stems
Imports, incl. scrap and stems

4786

'2048

mil lb
thous. lb..
do....

4850
591,518
365,622

575,255
335,920

32,831
44274

4624
53,728
31,753

49,414
24274

44,571
28,796

4285
40,142
22,347

31,277
22171

27,398
32,153

4697
45,510
32,372

63,222
27,889

86,775
22,946

55,577
12,970

31,670
31,264

39,392
16,579

.. millions
do
do
do....

94256
620 565
3292
81.998

r
91 995
636,136
3257
82,582

9248
51474
211
8.289

7592
54224
291
8.534

6891
53670
257
6.046

6341
50678
274
6.621

8031
56519
336
6.214

6766
51064
242
6.231

7555
58716
261
6.468

7636
58150
313
7.149

8 141
56635
300
7.300

7447
49658
267
8.058

r
6479
42,300
247
4,713

7479
48234
215
6.426

8.148

10918

15393

12682

19464

11 660

10849

10343

30 493

27917

505

629

.

Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes

mil lb

LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
Price, producer:
Sole, bends, light

14418

19717

17678

18016

18692

3067

302.7

308.5

3171

3185

298.4

396 851

375 766

30660

34345

33025

31926

30361

26968

30703

32887

35040

r

299,131
73337
24,383
3271

279,310
70834
25,622
3 164

22,866
5598
2196
275

25,673
6282
2390
259

24,795
5676
2554
219

24,124
5551
2251
217

22,251
5798
2312
224

20,618
4645
1705
246

22,351
6200
2 152
257

24,545
6362
1980
397

25,196
7631
2213
303

r

9781

9688

804

913

729

976

551

785

640

663

1 121

thous. sq. ft..

192 597

index, 1967-100..

283.8

192,193
2

13921

284.7

LEATHER MANUFACTURES
Footwear:
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs..
Slippers .. ..
do
Athletic
do....
Other footwear
do
Exports

do

Prices, producer: *
Men's leather upper, dress and casual
index, 12/80=100..
Women's leather upper
Women's plastic upper

index, 1967—100..
index, 12/80=100..

615

103.1

102.0

102.6

103.0

102.7

103.5

103.6

103.8

104.1

103.6

103.9

103.6

104.4

214.7
r
99.7

217.9
101.8

214.0
102.8

214 1
102.8

214.5
103.0

213.4
102.9

2140
102.9

213.6
101.0

217.9
97.8

r

r

2123
93.5

216.2
93.5

213.0
94.3

r

211.7

1 180

21,392
22,562
r
4715
6 197
1r 734 1810
266
231

212.1
r
93.5

104.0
2085
94.3

LUMBER AND PRODUCTS
LUMBER—ALL TYPES #
National Forest Products Association:
Production, total
Hardwoods ..
Softwoods

mil. bd. ft..
do
do....

r3
31,632
r3
7 297
r

3

2542
579
1 963

2,818
614
2204

2,780
598
2 182

2651
592
2059

2588
560
2028

2483
545
1938

2,554
572
1982

2307
542
1765

2379
527
1852

1831
441
1 390

1,765
418
1 347

1 810
356
1 454

do
do....
do

r3
31 126
r3
6,679
r

3

24 447

29
715
3
6,812
22903

2379
557
1822

2752
592
2 160

2755
579
2 176

2633
626
2007

2765
560
2205

2395
498
1897

2431
546
1885

2260
518
1 742

2382
514
1 868

2045
441
1 604

1989
413
1 576

1637
393
1 244

Stocks (gross), mill, end of period, total. . . . do
Hardwoods .
do
Softwoods
do....

5805
1807
3,998

5842
1972
3,870

6065
1843
4222

6098
1872
4226

6 123
1891
4232

6213
1 871
4342

6015
1 839
4 176

6 103
1 886
4*217

6232
1 918
4314

6284
1947
4337

6285
19S4
4321

6075
1 968
4 107

5842
1 972
3870

6016
1 936
4080

1,655
9859

9,518

848

966

980

e'992

934

842

465

'660

<755

728

'591

530

585

6791
499

6 393
429

486
514

698
594

598
601

538
540

566
505

486
510

466
458

536
458

476
477

459
429

407
471

6815
6821
912

6 395
6463
844

562
521
978

622
618
982

601
591
992

576
599
969

533
601
901

521
481
941

546
518
969

483
455
526
486
1009

533
533
1009

403
457
955

396
507
844

459
365
938

393
443
457
421
974

do.
do....
do....

540
117
422

523
129
394

49
9
39

43
9
35

51
13
38

47
8
39

43
13
30

31
6
25

51
14
37

43
14
29

29
9
20

38
6
31

47
19
28

34
11
22

34
8
26

Price, wholesale:
Dimension, construction, dried, 2" x 4", R.L.
$ per M bd. ft..

223.42

Shipments, total
Hardwoods
Softwoods ..

Exports, total sawmill products
Imports, total sawmill products

do....
do....

24,335

29,713
3
7003
22,710

SOFTWOODS
Douglas fir:
Orders new
mil bd ft
Orders, unfilled end of period
do ..
Production
do
Shipments . . . .
. . .
do
Stocks (gross), mill, end of period
do....
Exports total sawmill products
Sawed timber
Boards, planks, scantlings, etc

See footnotes at end of tables.




2102
94.5

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

LUMBER AND PRODUCTS—Continued
SOFTWOODS—Continued
Southern pine:
Orders, new
Orders, unfilled, end of period

mil. bd. ft..
do....

Production
Shipments

do
do

thous. bd. ft..

463
447

587
493

602
486

508
474

535
440

546
441

448
407

463
402

498
399

461
430

400
418

344
430

'6758
1

X
6
J

492
472

552
541

604
609

546
520

559
569

557
545

512
482

485
468

488
501

364
430

415
412

366
332

6,128
418

143
6 129

1,270

1,284

1,279

1,290

1285

1 313

1343

1360

1347

1,281

1,284

280,243

227,020

11,781

26,059

19,198

19,919

21,226

20,898

21,048

16,719

19,043

21,334

15,032

Prices, wholesale (indexes):
Boards, No. 2 and better, 1" x 6", R.L.
1967-100
Flooring, C and> better, F. G., 1" x 4", S.L.
1967-100
Western pine:
Orders, new
Orders, unfilled, end of period

1

6663

Stocks (gross), mill and concentration yards, end
of period
mil bd ft..
Exports, total sawmill products

'6,559
419

1 311

1 301

1318
14,283 18,936

3372
3247

mil. bd. ft..
do....

7730
326

7,235
219

605
414

747
442

637
426

573
355

761
369

627
377

569
314

538
291

573
264

489
243

428
219

407
257

413
261

do....
do.

7,613
7807

7,261
7342

631
609

736
719

681
653

684
644

679
747

616
619

656
632

511
561

582
600

436
510

390
452

423
369

417
409

do..

1 185

1 104

1270

1287

1 315

1 355

1287

1284

1308

1258

1 240

1 166

1 104

1,158

1 166

19
6.7
9.3

25
8.0
9.7

37
9.0
9.3

32
75
8.6

30
7.3
9.2

36
6.5
7.6

30
7.1
8.7

31
6.6
8.8

21
7.0
7.9

24
5.7
7.7

28
5.2
10.1

Production
Shipments

.

Stocks (gross) mill end of period

.

.

Price, wholesale, Ponderosa, boards, No. 3,
1" x 12", R.L. (6' and over)
$ per M bd. ft..

287.55

HARDWOOD FLOORING

Oak:
Orders unfilled end of period
Shipments ..
Stocks (cross), mill, end of oeriod

19
780
12.4

mil bd ft
do
do....

METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
Scrap
Pig iron
.

. . . thous. sh tons..
do
do

4,101
11 168
73

2,904
6415
16

213
683
1

260
442
2

291
694
2

259
677
1

279
628
2

218
348
1

194
450
1

228
395
1

233
532
2

244
480
1

227
509
1

173
462
4

153
539
(2)

do....
do....
do

15495
558
400

19,898
572
433

1,234
41
10

1,142
53
5

1,761
52
36

1,772
62
61

1,665
52
59

1,663
37
36

2,226
59
38

1,748
56
30

1,872
33
34

1,921
43
42

1,613
45
64

1,969
32
36

1,600
41
16

thous sh. tons
do
do
do....

'42
207
X
40 954
J
83 710
8,018

r
43,804
r
43 412
r
87
221
r

8,261

3,750
3604
7435
7,856

4,240
4261
8,379
8,004

4,078
4018
8,137
8,015

4,001
4 162
8184
8,175

3,876
3817
7,657
8,287

3,689
3454
7,168
8,245

3,631
3564
7,116
8,383

3,591
3542
7,116
8,408

3,353
3496
6,833
8,418

3,004
3064
6,054
8,453

r
2,817
r
2661
r
5,656
r

8,261

2,735
2702
5,899
7,820

Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig. ton..
Pittsburgh district
do

92.17
96 17

90.17
10050

94.28
10100

98.74
10900

101.44
11200

96.13
10550

88.63
9900

87.07
99.00

91.37
107.50

89.74
102.50

84.24
95.50

78.01
86.00

r

76.02
85.50

81.70
94.00

80.47
91.50

69 613
*69 594
25,058

74274
71650
28,042

6052
1545
1,075

6751
2035
1,165

6280
3938
1,794

7265
8906
2,901

7525
9625
3,879

7 112
9703
3,059

6860
9,300
4,113

6382
8,133
2,595

5731
7,112
2,555

3910
5,048
2,029

4430
3,507
1,585

5686
1,076
1,630

1,018

87,188
89,397
5073

96,645
94,958
15210

2,686
8,126
2

3,794
9,293
63

6,233
8,793
625

11,520
8,841
2967

11,924
8,162
634

12,350
8,022
530

12,159
8,024
607

9,927
7,708
391

9,070
6,913
315

7,241
6,370
8,358

5,579
6,038
685

1,664
5,518
44

1,589
5,175
1

do
do....

56,066
10636
35706
6,095

60,243
17469
36203
6,571

53,154
21990
25554
5,610

50,786
26736
19972
4,078

49,781
29336
17,286
3,159

51,411
27700
19885
3,826

53,744
25601
23480
4,663

56,356
23019
27,904
5,433

58,755
20586
31,931
6,238

59,574
18837
34,062
6,675

60,387
17515
36,137
6,735

60,144
16429
36,939
6,776

60,243
17469
36,203
6,571

60,401
21 594
32,298
6,509

do....

795

775

76

55

70

111

78

68

55

72

51

67

49

65

49

68,721
69 053
889

73,456
75051
859

6,108
6209
894

7,193
7,316
881

6,755
6,927
846

6,938
7 108
831

6,408
6,589
779

6,268
6,508
817

6,259
6,521
786

5,889
6,029
817

5,419
5,527
812

4,782
4,847
841

4,489
4,743
P
884

4,169

203.00

206.00

203.00

203.00

203.00

203.00

203.00

203.00

203.00

213.00

213.00

213.00

213.00

213.00

213.00

964
11 799
6457

737
11,914
6699

952
1,011
548

968
1,140
634

882
1,170
657

846
1,079
619

848
984
577

843
951
570

833
956
548

781
986
555

727
823
458

737
666
341

22
450
206

34
420
200

45
40
18

43
43
20

42
42
20

44
40
18

40
31
14

46
33
17

36
33
15

31
35
18

33
26
13

34
22
11

.

Imports:
Steel mil1 products
Scrap
Pig iron

.

.

Iron and Steel Scrap
Production
Receipts net
Consumption
Stocks end of period

75.93
85.00

Ore

Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do....
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do....
Consumption at iron and steel plants
do....
Exports
do
Stocks, total, end of period

do....

At furnace yards
At U.S. docks
Manganese (mn. content), general imports

1

Pig Iron and Iron Products
Pig iron:
Production (including production of ferroalloys)
thous. sh. tons..
Consumption
do
Stocks end of period
do
Price basic furnace

$ per sh. ton..

Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
Q1

.

,

,

,

,

For sale
See footnotes at end of tables.




J

do....

1

845
1 114
630
40
38
19

r

4,750
4,824
r
859

P

213.00

S-25

SURVEY OF CURRENT BUSINESS

April 1982

1981

1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

Annual

1982

1981
Feb.

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
Rate of capability utilization

thous. sh. tons
percent

^nsss

Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shipments total
. . .
do..
For sale, total
do....

1

119,912

728

777

10028
837

11 744
886

11 243
877

11423
862

10451
81 5

10 160
776

10 120
773

9618
759

9003
687

7962
628

7672
586

605
1878
1,701

380
1754
1,570

586
163
147

558
173
155

540
154
137

525
150
132

501
151
132

489
127
114

489
137
121

469
146
131

366
144
129

365
127
116

380
124
112

7737
593

7 178
609

Steel Mill Products
Steel products, net shipments:
Total (all grades)
.. .
thous sh
By product:
Semifinished products
Structural shapes (heavy), steel piling ..
Plates
Rails and accessories

tons

83853

87014

7375

8422

8 108

7932

8 148

7 115

7020

7039

6723

5783

5666

5608

5434

do
do..
do....
do..

5342
5207
8,080
1797

5598
4903
7,397
1458

477
426
720
158

606
548
731
170

531
472
678
161

535
414
667
140

529
408
627
116

400
392
584
114

434
395
586
89

437
432
630
88

437
362
543
99

385
313
498
98

389
299
482
81

314
329
463
98

285
323
498
102

Bars and tool steel total
Bars: Hot rolled (incl. light shapes)
Bars: Reinforcing
Bars' Cold finished . .

do
do....
do....
do

13258
6,911
4,683
1 585

13828
'7,770
4,371
1620

1 146
659
342
140

1334
764
407
156

1 292
740
395
150

1 258
722
385
145

1263
706
399
152

1 115
593
388
128

1 106
528
342
131

1 163
659
364
134

1 140
638
364
133

953
543
296
109

898
471
323
99

912
525
271
112

821
506
205
105

Pipe and tubing
. ..
Wire and wire products
Tin mill products
Sheets and strip (incl. electrical), total
Sheets: Hot rolled
Sheets' Cold rolled .

do
do..
do
do....
do....
do

9097
1 768
5709
33,595
12,116
13313

10286
1694
4927
36,924
13,451
14396

776
153
473
3,046
1077
1202

945
185
431
3,470
1267
1 344

949
161
431
3,434
1252
1 354

925
150
388
3,456
1 233
1402

890
155
419
3,739
1346
1487

859
137
413
3,102
1 146
1209

881
130
399
3,001
1 124
1 154

849
135
396
2,910
1063
1 125

892
133
351
2,765
976
1085

813
107
327
2,288
863
857

759
102
412
2,246
901
811

753
105
389
2,245
793
869

702
115
449
2,139
768
817

By market (quarterly):
Service centers and distributors
Construction incl maintenance
Contractors' products
Automotive
Rail transportation
..
Machinery, industrial equip., tools
Containers, packaging, ship, materials
Other

do..
do
do..
do
do
do....
do....
do....

16 174
8787
3362
12 156
3 178
4,566
5,549
30,082

17546
8761
3225
13 101
2 180
4,646
5,293
32,264

12109
530
2
191
2
766
2
141
2
325
2
403
2
2,142

1055
2
538
2
186
2
697
2
140
2
303
2
461
2
2,052

Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
mil sh tons
Finished steel
do.
Service centers (warehouses), inventory, end of
period
.. . mil sh tons
Consumers (manufacturers only):
Inventory end of period
. . . do
Receipts during period
do....
Consumption during period
do

3

4696
2356
958
3 591
753
1261
1,470
8,326

3704
1812
610
2 472
422
947
1,129
7,075

4 151
2 190
796
3 218
455
1 148
1,278
7,938

4997
2 442
892
3 811
548
1292
1399
8,806

28.4

30.1

29.0

29.3

28.2

29.8

29.5

30.0

305

30.5

30.4

96
69

113
74

95
71

98
71

99
73

104
75

10 3
72

10 6
72

11 1
74

11 2
75

11 3
74

3

r

30.5

30.1

11 3
74

113
74

2

53

54

54

54

53

53

53

54

53

53

53

55

54

66
69.9
734

60
71.8
724

70
6.4
61

70
6.7
67

67
6.3
66

66
6.4
65

67
6.8
67

68
6.1
60

67
6.1
62

65
6.0
62

64
5.8
59

r
63
r

5.0
51

60
4.0
43

5,130
1,377

4,948
1,653

404
127

448
146

431
139

441
139

420
148

426
149

416
139

393
140

396
150

364
129

364
123

do .
do

580.5
727

6985
140 1

557
89

756
75

502
10 7

678
13 9

559
11 6

639
12 5

670
11 0

605
14 0

552
15 6

41 5
14 9

493
13 7

385
17 5

660
19 1

do....
do

715.0
3153

344.2
271 2

232
27 1

329
326

486
265

293
306

235
21 4

293
16 0

168
152

92
172

24 1
216

23 1
16 0

246
168

22 1
18 0

188
17 8

Price, primary ingot, 99.5% minimum .... $ per lb..

0.6957

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

14,057
10485
5,862
1 538

13,142
10309
5,969
1581

1072
859
486
131

1294
963
562
154

1 199
952
550
148

1 189
929
541
139

r
847
r
665
r

923
679

0.7878

0.7586

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content)
do....
Imports (general):
Metal and alloys, crude
Plates sheets bars etc
Exports:
Metal and alloys, crude
Plates sheets bars etc
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill products total
Sheet and plate
Castings

mil lb..
do
do....
do

Inventories, total (ingot, mill products, and
scrap), end of period
mil. lb..
Copper:
Production:
Mine, recoverable copper
Refinery, primary
From domestic ores
From foreign ores
Secondary, recovered
as refined

thous. met. tons..
do....
do....
do

1 248
957
564
146

1039
859
494
119

1 119
866
514
132

1082
871
514
134

r

lr 040
826
r
476
128
r

368
110

98

6524

6616

5,076

6,616

5323

5408

5495

5600

5632

5964

6086

6 187

6276

1,168.3
l,21Q.9
1,121.9
'890

1,529.0
1,520.7
1,416.5
104 1

116.9
125.0
110.3
146

126.8
139.6
131.7
79

126.5
140 1
131.0
92

130.2
131 7
123.6
81

126.4
133 1
125.5
76

123.0
1208
111.5
92

135.4
1103
103.4
69

133.9
1218
114.4
74

139:9
128.9
120.5
83

134.1
1134
107.2
62

113.3
1302
123.9
62

l

112.6
1062
97.3
89

do

5730

6319

528

455

63 1

557

61 5

544

584

502

588

32 5

60 1

Imports (general):
Refined, unrefined,
scrap (copper cont.)
Refined

do
do....

5203
431.8

5025
359.3

390
294

290
21.8

402
28 1

286
217

51 1
345

416
322

48 1
378

457
378

527
36.7

42 4
30.2

423
24.3

452
206

Exports:
Refined and scrap
Refined

do....
do

330.1
174

339.7
272

32.1
25

38.7
58

202
12

33.7
09

400
35

18.5
13

228
17

21.8
30

35.0
07

19.4
21

21.3
18

35.2
04

Consumption, refined
(by mills etc )
thous sh. tons
Stocks, refined, end of period
do....
Price, electrolytic (wirebars), dom., delivered
$ per lb..

2083
365

2045
511

1.0242

0.8512

See footnotes at end of tables.




526
331

0.8607

0.8738

547
380

0.8803

0.8580

0.8523

493
511

479
409

0.8441

0.8739

0.8472

0.8231

0.8122

0.8029

0.7863

SURVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

1982
Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Copper-base mill and foundry products, shipments
(quarterly total):
mil Ib
do....
do

2,467
2,783
489

Lead:
Production:
Mine, recoverable lead
thous. met. tons..
Recovered from scrap (lead cont.)
do....

549.5
675.6

'444.1
567.3

40.5
43.9

43.0
43.8

52.1
1,070.3

68.9
1,125.3

6.0
90.7

135.3

83.3

54.8
95.8

78.9
98.1

59.6
0.4246

Brass mill products
Copper wire mill products (copper cont.)
Brass and bronze foundry products

670
701
116

716
738
125

26.4
42.5

27.5
44.1

17.1
46.7

31.7
46.4

38.1
49.1

47.8
52.5

47.3
50.9

39.6
52.2

41.2
48.7

40.5
45.5

11.1
95.9

3.3
91.2

11.5
89.1

2.4
91.0

10.0
81.1

3.9
93.1

4.3
99.9

7.8
110.4

3.0
94.5

2.1
89.6

5.6
93.6

3.4

132.0

122.7

110.5

108.3

111.1

117.2

116.0

106.9

100.5

88.0

83.3

78.9

79.3

81.3
87.9

77.4
87.1

72.8
86.5

57.1
89.1

47.3
93.2

43.7
96.3

41.1
97.4

45.9
105.0

59.8
98.9

71.9
101.0

•79.5
98.1

68.3
92.0

41.7
0.3653

37.1
0.3042

37.1
0.3506

38.2
0.3752

38.4
0.3641

39.1
0.3797

46.1
0.4098

50.9
0.4389

52.8
0.4032

54.0
0.3705

45.8
0.3388

41.7
0.3107

44.7
0.2967

0.2870

842
45,983
18,638
'1,703
1
56,362
M4,342

232
45,873

0
3,985
1,220
130
4,100
3,300

0
3,856
1,185
135
4,600
3,700

0
4,831
1,285
160
4,400
3,500

0
4,359
1,345
135
4,350
3,200

0
3,440
1,215
185
3,900
2,900

0
2,819
1,310
140
4,200
3,000

0
3,038
1,225
125
3,950
3,000

0
3,261
1,280
155
3,900
2,950

232
3,951
1,150
115
3,400
2,500

0
4,216

295
2,312

72
1,089

48,450
37,350

0
3,327
1,330
120
4,400
3,600

2,950
2,200

do....
do....
$ per Ib

4,293
5,504
8.4600

5,989
5,988
7.3305

233
5,745
7.1349

919
5,229
7.0026

287
5,725
6.8358

343
5,978
6.5806

411
6,227
6.5839

1,019
6,465
6.8981

287
5,663
7.5339

471
5,710
7.8022

253
5,325
7.9560

171
5,563
8.2147

1,180
5,988
7.9352

thous. met. tons..

334.9

24.8

27.6

25.5

24.8

23.1

23.6

24.6

28.3

28.0

25.4

23.4

do....
do

113.8
329.0

6.0
51.7

10.8
48.4

3.9
52.5

10.2
52.3

13.3
71.7

8.5
55.4

13.6
50.8

11.4
43.0

7.8
48.2

3.7
59.3

9.2
32.8

do
do....

67.6
236.1

5.7
19.2

4.8
18.0

5.7
19.9

4.9
18.9

5.2
19.0

3.2
17.3

3.2
17.5

4.6
18.5

4.6
19.5

4.8
18.7

5.3
18.6

27.0
66.2
0.1

26.6
'59.8
(2)

23.0
52.0
(2)

24.5
72.1
0.4587

31.6
72.9
0.4615

34.6
72.1
0.4259

Imports (general), ore (lead cont.), metal
Consumption, total

do....
do. ..

Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABMS
thous met tons
Refiners' (primary), refined and antimonial
(lead content)
thous met tons
Consumers' (lead content)
fl
do. .
Scrap (lead-base, purchased), all smelters
(gross weight)
thous met tons
Price, common grade, delivered
$ per Ib..

Tin:
Imports (for consumption):
Ore (tin content)
.
metric tons .
Metal, unwrought unalloyed
do....
Recovery from scrap, total (tin cont.)
do....
As metal
do
Consumption total
do
Primary
do. .
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of period
Price Straits quality (delivered)
Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content) .
Metal (slab blocks)

710
748
121

Consumption (recoverable zinc content):
Ores
Scrap, all types

Slab zinc: @
Production, total $
thous. met. tons..
Consumption fabricators
.. . do .
Exports
do....
Stocks, end of period:
Producers', at smelter (ABMS)
do....
Consumers'
do
Price Prime Western
$ per Ib

1

117.7
602.6

r

4,748

1,610

7.7590

7.4519

3.2
2.0

6.1
33.0

0.2764

6.6917

^69.9
'Sll.l
0.3

341.8
834.7
0.3

28.5
73.6
(2)

31.3
77.3
(2)

30.9
74.3
0.1

29.2
73.6
(2)

28.0
77.2
(2)

30.0
64.4
(2)

30.4
72.4
(2)

26.7
70.2
(2)

18.7
22.6
0.3743

34.6
72.1
0.4455

17.0
57.9
0.4125

19.0
57.4
0.4130

16.0
61.8
0.4256

15.6
66.4
0.4520

16.2
66.3
0.4612

18.9
68.9
0.4625

20.8
70.5
0.4747

19.5
72.4
0.4872

348.3
82.8
156.5

470.0
106.9
225.4

Material handling equipment (industrial):
Orders (new), index, seas, adj
1967 = 100..

375.5

382.0

362.0

441.0

365.5

431.9

369.6

446.2

292.5

413.9

324.2

388.7

377.8

323.0

Industrial trucks (electric), shipments:
Hand (motorized)
. number
Rider-type
do.
Industrial trucks and tractors (internal combustion
engines), shipments
number..

20,495
24,110

18,734
19,784

1,443
1,527

1,893
1,693

1,505
1,727

1,559
1,551

1,735
1,722

1,383
1,258

1,596
1,492

1,765
1,812

1,571
1,722

1,586
1,814

1,569
1,976

1,250
1,447

1,398
1,452

39,448

31,885

2,667

2,920

2,817

2,563

2,962

2,366

2,482

2,721

2,622

2,622

2,551

2,277

2,053

109.8

115.6

113.8

117.8

118.0

115.7

118.2

121.9

119.2

115.6

112.6

111.7

110.5

107.6

104.1

134.5

142.3

135.5

138.9

145.6

140.2

140.9

149.4

150.6

147.2

147.9

140.0

132.5

135.2

130.9

133.3

131.2

144.3

139.4

140.8

142.6

143.6

144.2

145.8

146.2

146.7

147.4

148.3

149.2

150.2

151.6

152.6

272
234

279
249

262
245

260
253

278
255

267
244

294
245

310
266

287
267

301
243

269
242

276
252

271
251

263
252

252
224

mil $ 3,884.75
do.... 3,495.50
do.... 3,680.80
do
3,206.00
4,749.7
do....

2,228.10
1,945.80
4,104.50
3,552.45
2,873.3

212.80
179.90
335.30
279.75
4,525.0

287.25
249.05
373.85
311.80
4,438.4

228.55
191.55
358.50
291.40
4,308.5

179.00
162.35
331.95
274.10
4,155.6

253.65
206.05
412.95
352.45
3,996.2

136.85
121.95
295.35
255.95
3,837.8

167.45
145.70
259.60
228.35
3,745.6

150.95
140.45
365.35
336.05
3,531.2

157.10
145.80
334.60
305.70
3,353.7

135.40
115.65
329.75
287.35
3,159.4

112.55
101.05
398.60
358.85
2,873.3

155.95
124.90
307.15
284.50
2,722.1

"123.20
"113.35
"293.05
"273.62
P
2,552.2

869.55
664.95
1,010.95
878.55
384.8

716.75
616.85
991.10
824.20
427.0

67.30
58.80
86.85
72.65
685.7

62.25
57.70
103.25
75.20
644.7

91.30
63.80
88.90
70.65
647.1

50.00
42.90
79.35
67.10
617.8

64.50
56.95
95.85
75.45
586.4

55.15
48.60
71.75
62.35
569.8

46.70
42.95
65.80
56.05
550.7

36.35
31.00
76.10
67.25
511.0

59.40
50.20
72.30
60.25
498.0

60.35
52.85
78.40
70.00
480.0

39.25
32.90
92.30
79.95
427.0

49.25
41.25
76.40
49.60
399.8

P
35.90
P
66.45
P
57.50
P

r

24.2
(2)

21.6

21.4

(2)

36.7

41.2

41.8

0.4217

0.4272

0.3923

MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly #
mil $
Electric processing heating equipment
do

Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1977=100..
Industrial suppliers distribution: t
Sales index, seas, adjusted
1977 = 100..
Price index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)
1977=100..
Fluid power products shipments indexes: *
Hydraulic products, seas, adj
1972=100..
Pneumatic products seas adj
do
Machine tools:
Metal cutting type tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
Order backlog, end of period
Metal forming type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
See footnotes at end of tables.




do....
do
. . . do..
do....
do....

918
193
367

1153
28.4
54.0

126.8
23.2
70.9

99.8
360
63.8

"40.60

374.0

S-27

SURVEY OF CURRENT BUSINESS

April 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981
Feb.

Annual

1982

1981
Mar.

Apr.

May

June

July

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

Feb.

Mar.

METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT— Continued
Tractors used in construction, shipments, qtrly:
Tracklaying total .
...
units
mil $..
Wheel (contractors' off-highway)
units..
mil $
Tractor shovel loaders (integral units only),
wheel and tracklaying types
units..
mil $
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) ship qtrly
units
mil. $..

16503
1,306.1
4,781
3875

15625
15346

142 831
35198

4
822
4

14
688
4
370.2

4
8766
4

6,096

6,201

4,668

3,233

3767

3216

5
5

4474
4253
1,140
1043

3848
4126
1,127
1124

9,381
4394

9,666
4669

7,505
3544

36683
9380

39 145
9058

33732
815.0

45,480
1,697.1
146 274
3,183 4

4
1301
4

4398
3919
1,258
1040

138.3

4

83.8

244.7

ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement), ship

thous..

50,063

53,597

3,548

Radio sets, production, total market
Television sets (incl. combination models),
production, total market

thous..

28,104

31476

1,986

5
5

thous..

18,532

18,480

1,518

Household major appliances (electrical), factory
shipments (domestic and export) #
thous..
Air conditioners (room)
do.
Dishwashers
do....
Disposers (food waste) . . . .
do
Ranges
do....
Refrigerators
do
Freezers
do....
Washers
do....
Dryers (incl gas)
do
Vacuum cleaners (qtrly.)
do....

30,260
3204
2,738
2962
2530
5 124
1,681
4,550
3 177
7439

30,336
3692
2,484
3 178
2325
4 944
1,561
4,365
2977
7785

1,446
1538
2,818

1,417
1496
2,785

3,331
2030

3,460

3,488

1905

2519

5
5

1,895

1,376

1,390

2,534
366
205
277
199
364
121
365
244

2,975
623
228
317
197
424
142
408
260
2 119

2,982
603
240
309
220
440
141
368
245

2,613
477
192
253
193
428
142
346
221

123
118
242

128
143
286

111
125
287

105
123
226

3,658
2739

4,037

5,278

2364

3661

5

5

1,777

1,216

1,494

3,136
653
220
230
219
542
206
402
247
1 944

2,683
283
190
237
200
511
227
376
243

2,436
64
236
288
190
450
152
398
254

115
110
204

120
121
204

1,981

1,550

1,474

2,357
52
202
234
176
456
111
416
293
1 955

2,342
90
220
331
191
383
89
612
260

4..S97

4,269

2,012

1,671

5
5

5,012
1,814

r

1,464

1,250

1,208

1,344

1,854
94
165
197
163
272
62
267
217

1,831
163
144
206
152
264
76
246
189
1,767

1,947
191
169
220
147
276
89
306
228

2,177
361
160
214
143
324
99
347
234

139
128
224

111
119
203

95
124
211

r
80
r

99
239

70
110
268

562
252
629 1

676
171
6425

485
101
6437

147
6437

44
6437

6459

67 187

8,918
524.5

522.3

1,499

GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments.... thous..
Ranges total sales
do
Water heaters (storage), automatic, sales @
do....

108
134
235

125
136
202

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
Exports
Price wholesale *

6056
1,795
4637

5745
2,249

823 644

802 000

thous sh. tons
do....
Index 1967—100

Bituminous:
Production t

thous sh. tons .

Consumption total
Electric power utilities
Industrial total
Coke plants (oven and beehive)

do. .
do....
do
do....

Residential and commercial

4924

do....

Stocks, end of period, total
Electric power utilities
Industrial, total
Oven-coke plants
Exports
Price, wholesale

669 061
568,322
125 815
66493

do....
do
do....
do....

1

199 077
178 269
20,808
9,017

472
8
5429

548
114
5428

463
167
5452

240
170
5528

477
283
5720

566
332
5897

534
278
5973

417
307
6199

r

70026

77325

36869

37276

61902

73345

78204

79823

82747

72000

59227
47,855
10973
5 161

59736
48,323
11 108
5516

54070
43,604
10035
4850

54372
44,909
9200
4250

59054
49,882
8962
4451

66764
56,042
10459
5433

65014
54,195
10580
5417

58975
48,385
10270
5319

47,685

46,873

399

305

431

263

210

263

239

320

192 892 201 687 181 580 161 617 152 516 148 423 151 037 158 651
170 856 179 032 163 859 147 095 139 440 134 855 136 977 144 097 154 165 159 454
22,036 22,655 17,721 14,522 13,076 13,568 14,060 14,554
6,179
5,602
5,027
4452
4,800
6,900
10159 10,735

do....
Index, 1967 = 100..

89,882
466,5

110,243

thous. sh. tons..
do

46,132
27094

28296

9,593
478.3

8,099
483.4

5911
484.4

5872
488.2

10414
501.9

11,034
503.2

11589
506.8

12,105
r
506.0

11,676
r
507.6

11,462
510.6

6,029
521.4

11,382
2356

2209

2354

10058
2395

2360

2425

11,143
2466

2348

2445

2622

2420

708

836

900

829

123

67

134

48

105

3,587
785.9

4,581
787.4

2,790
787.4

3,049
770.4

378.2
68

395.1
69

372.9
66

6762
477.9

COKE
Production:
Beehive and oven (byproduct)
Petroleum coke §

2

Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke $

do....
do
do....
do....

8627
7521
13 106
846

900

Exports

do....

2,162

1,251

27,026
556.4

2040

2
7586
2
6564
2

1024

1022
948

835

869

4990
4554
437
758

813

790

5192
4798
394
765

54

132

118

89

206

73

60

94

37,647

2,459
8427

3,102
8428

2,905
8425

2,604
839.9

3,497
815.9

2,790
7989

3,137
796.8

3,416
796.8

5,049.3
76

4 656.5
69

3697
71

3914
68

368.5
66

389.2
67

381.9
68

3899
67

409.3
71

382.5
68

383.3
67

PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
numberPrice wholesale
Index, 1967-100..
Gross input to crude oil distillation
units
mil. bbl..
Refinery operating ratio
% of capacityAll oils, supply, demand, and stocks: $
New supply total
fl
Production:
Crude petroleum
Imports:
Crude and unfinished oils
Refined products
Change in stocks all oils (decrease —)
Demand total
Exports:
Crude petroleum
Refined products
See footnotes at end of tables.




3,775
788.2

r

r

62669

59057

4768

5035

4770

4904

470.5

4907

4942

498.2

500.5

4762

501.3

480.2

do

3 1464
5918

3 1246
597 9

2408
46 2

2666
50 1

2563
47 7

2634
502

2585
493

261 1
495

2659
505

257.6
509

264.8
516

257.8
50 1

267.3
51 1

268.7
492

do
do ..

19462
582.5

16428
5404

1380
51.7

1415
453

1357
373

1335
43.3

1252
37.4

1353
44.8

1340
43.9

145.3
44.4

140.7
43.4

124.0
44.3

135.7
47.1

118.6
43.6

mil bbl

do
do
do....
do....

3

793

683

67

79

179

235

-89

58

14.5

22.3

7.6

17.9

-17.6

-27.7

6441 7

60572

4900

5092

4755

4895

4925

5048

4923

484.1

513.9

486.3

535.0

518.3

104.9
94.3

83.2
133.9

5.5
10.4

6.5
11.7

5.9
11.2

9.7
8.8

3.7
8.9

8.0
9.7

6.3
13.6

5.8
9.8

7.0
15.9

8.3
12.7

5.9
14.5

7.4
18.3

745.0

S-28

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

Aug.

Oct.

Sept.

Nov.

Dec.

Jan.

Feb.

Mar.

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
All oils, supply, demand, and stocks $—Continued
Domestic product demand total $
do...
Gasoline
do....
Kerosene
do

62424
2,420.5
580

5 840.2
2,414.9
462

4740
176.9
46

4910
196.4
35

4584
198.6
28

471 1
205.7
27

4799
211.2
26

487 1
212.5
27

4723
207.2
29

4686
200.5
28

491 1
205.5
41

4652
192.5
44

5146
208.9
62

4926
1842
64

Distillate fuel oil
Residual fuel oil . .
Jet fuel

do
do....
do....

10490
9180
390.7

10328
752.5
368.6

95 1
714
28.5

896
65 1
32.7

762
549
28.9

742
548
28.6

73 1
598
31.1

738
61 9
33.7

739
573
31.8

759
563
30.9

866
578
29.0

866
563
29.8

1010
679
30.7

1057
666
31.2

Lubricants
Asphalt
Liquefied gases

do....
do.
do....

58.3
1424
537.8

56.0
1248
542.2

4.7
40
49.9

4.9
72
48.0

5.5
93
40.1

4.7
108
39.8

4.3
138
39.9

5.1
152
38.8

4.3
158
35.0

4.6
139
42.1

5.3
137
49.2

3.7
99
47.4

4.4
58
51.8

3.9
29
58.1

1,420.2
M829
1078
'192.0
'7453

1 488.5
5988
2303
176.8
7129

1 397.6 1 405.5 1 423.4 1 446.9 1 438.0 1,443.8
5028
518 1
5553
5656
5414
5523
173 1
116 1
1342
163 1
1209
150 1
193.5
181.0
193.9
189.8
185.4
187.3
697 1
7013
6935
6922
7092
6954

1,458.3
5499
1847
182.6
7258

1,480.7
5607
1992
179.9
7400

1,488.3
5843
214.8
178.0
7260

1,506.2
5948
2225
178.3
7330

1,488.5
5988
2303
176.8
7129

14609
6062
2353
181.5
6733

2394 1
'2135

23508
2058

2009
192.9

1983
2029

2060
205.8

1923
2168

661.7

659.3

653.4

Stocks end of period total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products: $
Gasoline (incl. aviation):
Production
Stocks end of period

do....
do
do ..
do....
do
mil bbl
do ...

1

Prices (excl. aviation):
Wholesale, regular
Index, 2/73-100..
Retail, regular grade (Lundberg/Platt's): fl
Leaded
$ per gal..
Unleaded *
do
Aviation gasoline:
Production
mil. bbl..
Stocks end of period
do
Kerosene:
Production
do
Stocks end of period
do ...
Price, wholesale (light distillate)
Index 1967-100
Distillate fuel oil:
Production
mil. bbl..
Imports
do
Stocks end of period
.
do....
Price, wholesale (middle distillate)
Index, 1967=100..
Residual fuel oil:
Production
mil. bbl..
Imports
do .
Stocks, end of period
do....
Price wholesale
Index 1967—100

576.7
1.217
1261

1766
232.3

1933
234.5

632.9
1.372
1 421

1842
2252

1909
2150

1878
196.3

2002
187.7

2063
190.6

198 1
193.2

683.2

694.7

690.4

685.6

677.4

668.4

666.4

1.384
1435

2
1.400
2

1.398
1 448

1.398
1 449

1.398
1 450

1.397
1449

1.398
1450

1449

r

r

666.1

12.8
*23

11.5
27

0.7
25

0.7
21

0.8
18

1.2
21

1.1
21

1.3
22

1.2
23

1.1
2.6

1.0
26

0.8
27

0.8
27

0.6
27

50 1
11.4

436
11 1

45
104

38
11.0

36
119

35
12.6

31
13.2

28
13.2

30
13.6

27
13.8

27
12.6

37
124

45
11 1

44
96

9720

10410

10809

1 084 1 1 078.9 10675

10526

10446

l 043 2 r l 042 7 10368

1043 1

78.7
91
1726

77.0
45
1647

72.5
35
164.7

76.1
51
171.9

75.0
6.0
180.2

74.5
55
186.7

82.3
4.9
200.3

78.3
3.9
206.8

1,000.3

1,082.8

1,105.4

1,092.5

1,092.2

1,079.8

1,076.7

1,067.8

43.8
268
78.2
12480

44.1
217
74.9
13237

39.6
175
73.0
13346

37.9
22.8
78.5
13182

37.0
16.2
70.1
12558

36.4
25.7
69.3
1206 1

38.1
25.4
74.8
12464

38.6
25.2
80.0
1 1924 r l

1

8634
974.1
519
'205.4

954.9
610
190.2

850.6

r

77.2
36
201.2

1033 1

10266

1,025.3

88.7
29
190.2

81.1
30
166.0

l,056.1 1,047.5

1,057.1

1,064.4

1,054.5

36.5
40.2
28.5
25.3
80.8
78.3
174 3 1 1758

36.7
254
68.2
12310

1 1889 1 1630

r

38.2
24.0
79.8
179 1 rl

480.3
2906
78.3

mil bbl..
do

365.6
'424

353.5
405

26.6
387

308
392

288
407

31.2
447

29.8
454

32.2
449

30.3
449

28.0
433

28.0
428

28.9
419

29.3
405

27.8
372

Lubricants:
Production
Stocks, end of period

do....
do....

65.1
43.6

60.6
14.2

4.9
13.2

5.3
12.9

5.2
12.6

5.4
13.1

5.1
13.6

5.0
13.3

5.3
14.1

4.4
13.7

4.9
12.9

5.0
13.9

5.1
14.2

4.3
14.4

Asphalt:
Production
Stocks, end of period

do ..
do....

1412
1
18.8

1242
19.5

74
26.3

83
27.5

100
28.2

118
29.3

119
27.6

12.7
25.4

13.4
23.1

11.9
21.3

10.7
18.4

90
17.6

76
19.5

65
23.1

Liquefied gases (incl. ethane and ethylene):
Production total
At gas processing plants (L.P.G.)
At refineries (L R G )
Stocks (at plants and refineries)

do
do....
do
do....

5618
440.9
1208
1
128.0

5834
467.9
1156
137.0

452
35.9
93
111.8

487
39.0
97
111.9

479
38.3
97
118.5

498
39.8
10 1
126.9

473
37.5
98
132.7

473
37.8
95
140.6

48.4
37.8
106
148.1

48.6
39.3
93
151.3

49.8
40.6
92
148.7

500
41.0
90
146.4

499
41.0
89
137.0

479
40.3
76
122.2

(5)

.

622.9

81.9
34
200.0

578.4
343.6
'91.5
9612

Jet fuel:
Production
Stocks end of period

641.6

(44)
()

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
.
Consumption
Stocks, end of period

thous cords (128 cu ft.) .
do
do....

Waste paper:
Consumption .
.
Stocks end of period

thous sh tons .
do

3

thous sh tons
do....
do
do....
do....
do

3

3
81,007
3

79 703
6,697

3
79,547
3

6378
6477
6,210

6,847
6889
6,009

6,528
6882
5,528

6,465
6716
5,123

6,649
6790
4,985

6,799
6526
5,464

6,706
6656
5,552

6,774
6645
5,693

7,206
7058
5,917

6,258
6459
5,600

5,972
5658
6,045

13 523
11042

1 148
922

1229
854

1,195
910

1 159
866

1,204
925

1,063
940

1,190
959

1,109
958

1,135
949

1,016
r
941

966
993

51 783
1,366
39597
1,812
5,038
3940

4 128
115
3 138
155
396
325

4621
110
3556
157
438
360

4501
108
3479
148
421
345

4584
125
3516
165
425
353

4398
120
3351
159
430
338

4057
102
3 129
126
387
313

4513
140
3445
155
444
330

4309
102
3309
149
427
322

4459
113
3443
154
423
326

1 107
568
475
64

1035
531
447
61

1077
581
438
58

1088
607
430
51

1 154
614
488
53

1 224
667
497
59

1287
730
505
52

1 141
602
485
54

79 604
6,045

13,r 185
831

3

52 055
1,418
38931
1,911
4,887
3938

3

(5)
(5)

(5)
(5)

WOODPULP
Production:
Total all grades #
Dissolving and special alpha
Sulfate
Sulfite
Groundwood
Semichemical
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
. . .

do...
do....
do
do...

Exports all grades total
Dissolving and special alpha
All other

do..
do....
do

Imports, all grades, total
Dissolving and special alpha
All other

do....
do....
do....

See footnotes at end of tables.




944
439
449
57
3

1 198
690
454
54

r

4268
129
3251
147
407
301

3590
85
2675
130
420
279

1267
745
462
60

1341
r
842
443
r
56

1 198
690
454
54

r

(5)
(*)
(5)
(5)
(5)
(5)

(5)
(5)
(5)
(*)

3

3678
784
3
2894

279
61
218

356
83
272

290
48
243

363
61
302

359
70
289

237
65
172

300
65
236

347
63
284

274
62
212

267
53
214

315
85
230

221
50
172

303
42
261

3

3

3

3

355
9
346

368
22
346

295
8
287

414
26
388

349
8
341

329
25
304

323
10
313

279
24
255

406
27
379

318
10
308

269
8
262

270
26
244

310
9
301

3805
769
3
3037
4,051
194
3,858

4,086
201
3,885

S-29

SURVEY OF CURRENT BUSINESS

April 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981
Feb.

Annual

1982

1981
Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades total unadjusted . thous sh tons
Paper
do ...
Paperboard
do
Wet-machine board ..
do
Construction paper and board
do....

65834
30,164
31 143
138
4,390

66439
30669
31561
160
3,846

1967-100
do....

2346
206.2

258 1
231.3

Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
Orders, unfilled, end of period
Shipments

thous sh tons
do....
do

1475
110
1498

Coated paper:
Orders new
Orders, unfilled, end of period
Shipments

do
do....
do

Uncoated free sheet papers:
Orders new
Shipments

do
do....

Producer price indexes:
Paperboard
Building paper and board

Unbleached kraft packaging and industrial
converting papers:
Shipments
thous. sh. tons
Tissue paper production

do

Imports
thous. sh. tons..
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
Index, 1967-100..
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf. area..
Folding paper boxes shipments

2616
232.1

2593
227.7

2597
233.2

117
117
133

95
90
116

122
112
113

1r11
88
109

111
99
106

409
317
434

448
324
439

396
319
399

363
308
389

r
396
r
342
r

384
359
374

633
675

627
688

677
713

570
655

592
599

r
626
r

609
635

330

318

311

269

r

309

300

350

r

354

335

2745
15
r
360

5548
2556
2688
14
290

5592
2,676
2629
14
273

2557
232.5

2588
237.3

2592
237.4

2594
235.5

2606
234.2

2616
234.2

r
2617
r

126
132
122

103
111
127

128
117
121

107
106
120

125
119
111

130
122
126

118
134
110

377
352
391

427
345
438

409
324
405

405
320
411

406
313
411

407
341
387

424
340
422

'7706
'8216

603
656

710
744

664
731

698
731

612
695

639
645

'3930

*3891

309

345

348

342

317

298

'4375

X

5757

r
2591
r

2528
225.7

225 1
227.9

l

l 426
112
1 441

113
124
114

M753
391
4673

'4866
308
4951

'7694
'8,326

2521
17
r
338

2842
16
'374

2809
18
r
377

233.3

r

326
r

373

r

404

672

r

2614
231.1

4485

352

395

372

386

374

347

395

372

390

8625
8622
165

8946
8915
194

702
684
238

766
769
235

772
782
225

770
744
251

748
776
223

726
738
211

677
652
236

707
708
235

815
795
255

769
773
252

743
800
194

783
671
306

719
709
317

4,239
4234
21

4753
4735
38

356
357
25

399
395
29

391
392
29

402
400
30

404
395
39

405
401
43

426
421
48

400
410
38

420
417
41

412
407
46

359
367
38

415
406
46

378
376
48

10089

10 165

761

860

867

897

814

791

827

839

922

914

892

798

775

732

961

807

827

846

847

902

952

928

944

959

947

961

981

1025

568

587

620

584

622

308.1

301.9

301.9

301.9

301.9

244,429

19,916

21,383

21,583

19,808

7,279
3

279.3

r

241,377

thous sh tons
mil. $..

(5)
(55)
(5)
(5)
()

5653
2603
2705
14
332

5891

r
2643
r

do .
do
do....

Consumption by publishers
fl
do
Stocks at and in transit to publishers, end of
period
thous metric tons

2497
9
r
247

4693
2,309
2 177
9
197

5347
2451
2543
12
342

6005

r
2724
r

Newsprint:
Canada:
Production
thous metric tons
Shipments from mills
do
Stocks at mills end of period
do
United States:
Production
Shipments from mills
Stocks at mills, end of period

r
5252
r
2,500
r

5724
2622
2734
11
357

5331

r
2416
r

6,977
3

20,933

624

557

585

524

r

r

316.8

316.8

316.8

316.8

21,094

21,867

18,189

17,600

18,961

18,638

42.56
142.43

54.59
138.36

51.64
138.02

568

502

513

301.9

309.3

316.8

20,486

20,434

649

316.8

261 1
237.5

318.1

(2)
'

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
Stocks end of period

thous metric tons
do..

Imports incl latex and guayule

586 15
126.67

63467
14243

5259
125.44

59831

67705

4

4

0.576

2 015 24 2 021 45
l 854 01 1 889 71

thous Ig tons

0.730

Price, wholesale, smoked sheets (N.Y.).... $ per lb..
Synthetic rubber:
Production

thous metric tons

Stocks end of eriod
Exports (Bu. of Census)

do
thous. Ig. tons..

c

5952
11951

5636
113.53

5107
111.22

52 13
114.37

5732
122.97

4968
130.51

66 36

5047

41 59

4340

6276

6942

5623

49 13

5099

5933

0.580

0.570

0.560

0.540

0.504

0.456

0.483

0.488

0.465

18094
144 88

17592
167 10

158 18
154 13

16150
14469

15972
16499

16890
15672

169.98
163 75

15768
141 13

125.51
131 88

140.49
14309

145.76
13894

35340
21.97

33347
24.40

35257
23.94

36438
22.49

34902
21.65

34036
27.76

34039
23.46

5544
12283

5506
12756

5393
12405

8664

5338

67 62

0.690

0.650

0.590

16968
16668

20037
19400

422.78

349 02
334.63

35460
31.65

34699
38.73

365 86
31.77

368 29
32.00

359 79
28.55

36944
26.27

159 263

181 762

15 641

16 834

15 466

15 183

15 406

14277

14 902

15851

16534

13750

11855

14866

15387

177,063
40 227
131 271
5 565

201,105
41 711
153 716
5 678

14,323
3 206
10537
580

18,617
4 301
13607
709

18,835
4 154
14 160
521

18,619
4 292
13851
476

17,380
3026
13901
453

17,583
2813
14407
363

17,982
3 123
14*503
356

18,179
3537
14 168
474

13,992
2758
10823
411

13,544
2363
10,820
361

14,144
2478
11365
301

13,704
2769
10573
362

43,686

42,393

40,615

19,324
4 538
14290
496
38,570

37,116

36,709

341 77

TIRES AND TUBES
Pneumatic casings, automotive:
Shipments, total
Replacement equipment

do....
do

Stocks, end of period

do....

33,298

40,863

43,258

Exports (Bu of Census)

do

9058

11088

1081

do....

4.557

3.428

358

Inner tubes, automotive:
Exoorts (Bu. of Census)
See footnotes at end of tables.




1 055
335

1224
374

36,088

36,556

41,112

40,863

42,904

46,254

1 072

1 040

830

1 134

725

653

990

485

385

461

252

250

350

337

259

268

208

231

141

151

0.470

S-30

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

36266

29590

23495

15 149

17755

3526
61
30.9

2786
51
22.5

305 1

305.6

Mar.

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement

thous bbl

'404 569

'382 697

20782

30229

35 165

52017
919
462.7

3614
11 1
34.3

5150
97
50.4

5288
71
45.0

34 181

38074

38872

37489

37303

484 1
68
35.8

4773
70
42.8

4454
60
42.6

4406
73
41.1

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing .
thous sh tons
Sewer pipe and fittings, vitrified
do....
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and
unglazed
mi sq ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
1967-100

r

6 090 1
1015
r
758.7

501 1
88
389

r

4313
10.6
41.7

454

353

24

32

32

30

36

32

27

30

3.2

24

26

2976

2884

217

27 1

256

24 1

245

256

252

253

237

215

234

2896

2993

300 1

3013

3024

3028

3028

3032

3038

305 1

2808

r

303.1

r

GLASS AND GLASS PRODUCTS
Flat glass mfrs ' shipments

thous $

Glass containers:
Production

868 459

233 439

243,260

248 658

thous. gross..

327 022

321,626

25,470

28207

27851

28,209

29532

27751

29,449

25,943

29,305

23,849

20,099

do....

323 816

316,163

23,160

29337

27434

26,817

30223

29172

27,342

26,478

25,865

23823

23,145

do
do....
do
do.

24808
61032
122 678
24574

28,692
60,040
113 055
24,003

2238
3,727
8040
1879

2676
5,194
9892
2598

2256
5554
10695
2 123

2426
5,188
10625
1840

2675
6476
11327
2 146

2589
6325
11459
1 795

2,727
5,724
9657
1,827

2812
4,809
8733
1,937

2297
4,596
8487
2124

1928
4,454
8175
1893

1978
4,041
8197
1828

62416

4874

6301

4450

4627

5 165

4904

5247

5616

5955

5214

5018

2,041
5
118

1,944
139

Shipments, domestic, total
Narrow-neck containers:
Food
. .
Beverage
Beer
Liquor and wine

Wide-mouth containers:
Food (incl. packer's tumblers, jelly glasses,
and fruit jars)
thous gross
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical household and industrial
Stocks end of period

61212
5

5

25,267
5
2690

2,157
245

2359
317

2138
218

1,889
222

2 172
262

1902
198

1,941
219

2,339
232

2,172
234

46676

46710

51651

49755

49836

51053

50255

48478

49,633

48 163

50420

50278

46710

'12376
'11 848

11434
11359

892
885

939
1005

1003
1080

977
1067

1008
976

1054
838

891
986

1,030
970

866
924

924
778

862
825

784
872

7,365

7,593

487

456

593

715

710

812

630

642

623

703

500

375

'5544

'4904

306

308

419

441

487

411

435

521

452

419

448

308

do....
do

26250
3262

do

GYPSUM AND PRODUCTS
Production:
Crude gypsum (exc byproduct) ... thous. sh. tons
Calcined
do
Imports, crude gypsum

do....

Sales of gypsum products:
Uncalcined .. ..

do

Calcined:
Industrial plasters
Building plasters:
Regular basecoat
.
All other (incl. Keene's cement)
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
5/16 mobile home board

do..

409

*370

33

36

34

32

36

32

29

31

36

29

26

25

do
do....

217
161

'225
157

17
12

19
16

18
17

16
15

16
14

20
13

19
12

19
13

21
12

18
9

15
10

16
10

13,759
59
325
208

1,068
6
24
14

1,239
6
29
18

1353
6
34
22

1,102
4
26
19

1,164
5
29
17

1,234
5
32
19

1,146
5
27
17

1,127
4
27
19

1,133
4
25
17

982
4
21
15

955
3
21
15

965
4
22
15

'9,295
3446
122
304

734
260
9
21

857
296
9
24

928
322
11
30

740
271
11
31

782
292
11
28

827
313
11
27

763
295
11
28

748
291
10
28

752
297
10
28

655
258
9
20

629
258
10
19

633
259
10
23

mil. sq. ft..
do
do.
do....

14,131
78
339
190

do....
do
do....
do....

9,923
3266
105
4
229

1

TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants: *
Production (finished fabric) .. . . mil linear yd
Cotton
do
Manmade and silk fiber
do....
Inventories held at end of period
Cotton
Manmade and silk fiber

do
do.
do

Backlog of finished orders
Cotton
Manmade and silk fiber .

do
do....
do

.

3531
4,990

684
265
420

3
891
3
341
3

550

683
268
415

686
267
419

3
663
3
335
3

528

519
188
331

659
251
408

3
609
3
306
3

502

668
256
412

828
236
391

769
339
430

801
343
458

786
338
448

778
343
435

111
341
436

730
315
415

747
318
429

789
325
464

776
333
443

780
329
451

794
334
459

8495
4,577
4219

827
451
376

809
441
368

832
444
388

839
446
393

761
375
386

770
376
394

745
369
376

715
364
351

687
348
339

642
343
300

44

427

1 725

5539

10 157

COTTON
Cotton (excluding linters):
Production:
Ginnings
fl
thous running bales
Crop estimate
thous. net weight bales §..
Consumption
thous. running bales.
Stocks in the United States, total, end of period #
thous. running bales..
Domestic cotton, total
do...
On farms and in transit
do....
Public storage and compresses
do....
Consuming establishments
do....
See footnotes at end of tables.




2
10
2

826
11,122

2
15
2

150
15,733

11,122

6 135

5,409

446

9,260
9260
2,502
5,927
831

13,777
13776
3,752
9,268
756

7,201
7,200
1,054
1,509
1,037

3

539

435

5,938
5937
606
4,227
1.104

5,007
5006
460
3,469
1.770

441

4,109
4 108
278
2,808
1.022

3

531

3,217
3216
81
2,202
933

385

429

2,595
2594
25
1,687
882

16,970
16969
14,669
1,491
899

3

517

16,327
16326
13,692
1,940
694

448

403

15,628
15627
10,906
4,059
662

14,907
14907
7170
7,064
673

13502
15570
3

400

13,777
13776
3752
9,268
756

378

404

3056

S-31

SURVEY OF CURRENT BUSINESS

April 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981
Feb.

Annual

1982

1981
Mar.

Apr.

June

May

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES—Cont.
Cotton (excluding linters) —Continued
Exports
thous running bales
Imports
thous. net-weight bales §..
Price (farm), American upland fl cents per lb..
Price, Strict Low Middling, Grade 41, staple 34
(1-1/16"), average 10 markets
cents per lb..
Spindle activity (cotton system spindles):
Active spindles, last working day total
Consuming 100 percent cotton
Spindle hours operated all fibers total
Average per working day
Consuming 100 percent cotton

mil
do....
bil
do..
do....

Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd..
Orders, unfilled, end of period, compared with
avg. weekly production
no. weeks' prod..
Inventories, end of period, compared with
avg. weekly production
no. weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, raw cotton equiv. thous.
net-weight §
bales
Imports, raw cotton equivalent
do..

*7975
16
76.4

8021
17
57.9

2352
6
71.4

733
8
72.3

498
(')
73.2

72.3

o

320
(7)
71.1

264
0
70.2

990
(7)
65.0

261
2
58.0

261
0
62.3

478
0
60.1

737
1
51.2

55.1

458

3

3

83.0

833

81.5

81.2

785

78.1

75.1

66.5

60.8

60.6

57.5

159
6.0
1024
0388
42.0

153
5.5
918
0.357
33.6

159
5.9
74
0371
2.7

157
5.8
4
92
0366
4
33

158
5.9
73
0365
2.7

156
5.8
74
0371
27

15 6
5.7
4
89
0358
4
3.2

156
5.7
68
0339
24

156
5.6
73
0363
25

155
5.5
4
89
0358
4
3.1

154
5.4
74
0371
2.6

154
5.5
71
0353
2.5

13.3

14.7

13.7

13.8

13.6

18.4

14.6

14.4

4.2

54

48

48

52

53

60

55

56

58

029

040

033

035

038

039

033

037

039

046

282
68.4

358
669

357
574

309
568

308
613

21 7
580

259
623

258
629

275
718

266
66.7

219
589

71.5

3,888
5

15.8
5

5

5402
567.0

3456
7663

971

971

653
1
49.9

5.5

5.5

2.5

2.3

4

953

12.7

MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
Staple, incl. tow (rayon)
Noncellulosic, except textile glass:
Yarn and monofilaments .
Staple incl tow
Textile glass
fiber
. . . .

mil lb
do.

3085
4433

614
1163

37253
4 1482
8673

9792
10830
237 1

mil. lb..
do

184
272

158
293

12 1
237

126
273

do
do
do. .

2893
2870
104 1

2926
318 1
1090

291 9
3129
879

3344
3366
1210

10,774.1
39806

2,920.2
10359
128 1
141 8
1,604.0
174 1
1,105.7
246.3

2 910.7
9999
1279
1300
1,627.9
1768
1,096.3
2465

.

Fiber stocks, producers', end of period:
Filament yarn (acetate)
Staple, incl tow (rayon)
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
.
Textile glass fiber

do
do
do

Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total #
mil. sq. yd..
Filament yard (100%) fabrics #
.
. do
Chiefly rayon and/or acetate fabrics
do....
Chiefly nylon fabrics
do
Spun yard (100%) fab., exc. blanketing # .. do....
Rayon and/ or acetate fabrics blends
do
Polyester blends with cotton
do....
Filament and spun yarn fabrics
do....
Manmade fiber gray goods, owned by weaving
mills:
Ratio stocks to unfilled orders end of period
Prices, manufacturer to mfr., f.o.b. mill:
50/50 polyester/carded cotton printcloth, gray,
48" 3.90 yds /lb 78x54-56
$ per yd
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. Ibs..
Yarn tops thread cloth
do
Cloth, woven
do ..
Manufactured prods., apparel, furnishings do....

5,899.6
4,342.9
763.8

0510

750
114 1

658
1185

1 Oil 1
1 116 0
2602

9728
1 051 3
2806

0564

0568

0581

0576

0574

771.54
41864
249.77
352.91

63773
31889
20848
318.84

53.50
2784
18.23
25.66

6733
3372
2167
33.62

6483
3576
2459
29.08

5805
2753
1820
30.51

5878
28 13
1871
30.66

4759
24 03
1584
23.56

4970
2424
1575
2547

48.77
2274
1384
26.02

5098
2460
1597
26.38

4695
23 16
1551
23.79

3808
1900
1274
19.09

do
do ..
do....
do
do....
do

54064
97.48
67.28
2
443 15
378.52
18774

63908
13052
95.38
50856
434.87
18470

3855
8.04
5.50
3050
25.64
1009

4381
1186
8.91
3194
26.70
1051

4553
1087
7.73
3467
29.30
1251

5783
13 11
9.34
4472
36.66
1695

5801
1134
859
4667
4106
1768

66 66
1243
925
5423
4844
21 52

6932
1205
898
5727
4985
2190

5677
1005
7.77
4672
40.84
1730

6724
1233
8.46
5492
4743
2275

4912
1056
8.02
3856
31.96
1263

3951

mil. lb..
do
do....
do

113.4
100
56.5
260

127.7
105
75.3
261

110
08
7.7
25

129
4
09
66
18

108
07
7.5
19

102
08
86
24

128
4
09
49
21

84
08
65
28

101
10
5.3
25

11
4
4
11
37
16

94
1i
6.0
18

94
07
5.1
20

Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:
Domestic—Graded territory, 64's, staple 2-3/4"
and up
cents per lb.
Australian, 64's, Type 62, duty-paid
do....
Wool broad woven goods, exc. felts:
Production (qtrly )
mil sq yd

5
2.45
5

5
2.78
5

268
3.12

2.74
3.07

278
3.14

278
3.16

283
3.19

283
3.23

283
3.20

2.83
3.16

283
3.16

283
3.17

2.83
3.12

1,515
11238
1 196
6,907
3.077

1,419
9961
1026
7,035
2.641

849
8 152
939
6,461
2.178

639
8015
813
5,192
2.097

Imports manmade fiber equivalent
Yarn, tops thread cloth
Cloth, woven
Manufactured prods apparel furnishings
Apparel, total
Knit apparel

771

5.83
3180
2597
836

WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
Carpet class ..
Wool imports, clean yield
Duty-free (carpet class)

3.09

3.16

4

4

4

4

11.2
4
09
5.3
20

537

FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds .

1 082.2

255 1

2843

1000
15086
1251
9092
2.748

1275
1474
1552
13630 11 935 12079
1 158 1 159 1233
9,222
7914
8,909
2.509
2.429
2.461

APPAREL
Women's, misses', juniors' apparel cuttings:
Coats
thous. units..
Dresses
do
Suits (incl pant suits jumpsuits)
do
Skirts
do....
Blouses
thous. dozen..
See footnotes at end of tables.




16,808
179 401
18 162
70,152
26.704

14845
136 176
13605
91025
30.322

994
13 108
1245
8,668
2.662

1633
1374
10218 11439
1 152 1218
6827
7342
2.449
2.617

275
3.01

49.7

Mar.

SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981
Feb.

Annual

April 1982

Mar.

Apr.

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings:
Suits
thous units
Coats (separate), dress and sport
do. ..
Trousers (separate) dress
do
Slacks (jean cut) casual .
do
Shirts, dress and sport
thous. doz..
Hosiery, shioments
thous. doz. oairs..

14074
16906
124011
253 640
40,988
281.654

14686
14,686
175 445
38,112
304.826

1015
1539
9471
15433
3,461
24.531

1 259 1 284 1367
1477
1,444
1,588
10826 11352 11 516
19064 15986 14 190
3,668
3,378
3,436
24.265 26.119 25.192

1393
1,575
11071
14 135
3,327
26.405

911
1,186
7857
13663
2,663
30.233

1252
1,448
11930
12,443
3,107
26.850

1294
1,801

1367
1682

17894
3,198
26.448

13360
3,107
27.141

1 227
1,433

10,052
2,864
24.125

1 139
1,312

10,178
2,441
19.796

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net) qtrly total @
U S Government
Prime contract
Sales (net) receipts, or billings, qtrly, total
U S Government

mil $
do.
do
do..
do

Backlog of orders end of period #
do
U S Government
. .
do
Aircraft (complete) and parts
do....
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $..
Aircraft (complete);
Shipments # 4£
Airframe weight # #
Exports commercial $$

.

do
thous Ib
mil $

r
70 409
r
33 497
r
68 407
r
58,440
r

76814
41 144
74782
68,589
32523

T

20 853
10
268
r
20 303
15,959
r
7455

18
298
r
9,747
17878
17,577
r
7884

16917
r
8,582
16 501
16,636
r
8 126

20746
12,547
20 100
18,417
9058

r
90 517
r
37 200
r

98742
45821
48,246
13890

r
95411
r
40 013
r

r
96 132
r
41 876
r

r
96 413
r
42,332
r

98742
45,821
48,246
13,890

26 674

47,186
11 595
r

8572

9016

10,330

14,554

r

49,129
13,422

49,989
12 497

50,568
11 449

r

8587

r

8652

11,536

11,449

13 043 1 14 041 1 1 0678 1 3553 1 501 8 13305
9239
9216 10204
8037
97068
92788
746
1049
963
8250
751
8551

8609

9,016

12,593

14,554

1 492.4
9312
916

762.6
5 180
413

8124
5299
608

1,329.5
8413
804

851.8
5373
538

1,130.2
7331
476

1,662.1
10 177
952

708.3
4 188
504

369

MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
Domestic
Retail sales, total, not seasonally adj t
Domestics §
. .
Imports §
Total seas adjusted at annual rate 1"
Domestics §
Imports §

3

thous..
do

Trucks and buses:
Factory sales (from U S plants) total
Domestic
Retail sales, seasonally adjusted:!
Light-duty, up to 14,000 Ibs. GVW
Medium-duty, 14,001-26,000 Ibs. GVW
Heavy-duty, 26,001 Ibs. and over GVW

2

324

645
589

670
608

712
652

513
472

345
313

522
487

520
486

425
394

370
344

8,979
6581
2,398

8,535
6209
2,326

764
544
220
104
7.5
29

963
719
244
103
7.7
26

751
534
218
80
5.8
23

734
524
210
79
5.7
22

724
518
206
7.5
5.2
2.2

707
497
209
8.2
5.9
2.3

801
602
199
10.4
8.2
22

687
519
168
8.8
6.7
2.1

649
492
157
7.2
5.2
2.1

585
432
152
7.6
5.4
2.3

523
358
165
7.2
5.0
2.3

535
368
166
8.2
5.7
2.5

632
457
175
8.6
6.3
2.3

111

1520
1,438

1471
1,465

1335
1,210

1,216
1,090

1344
1,198

1,472
1,313

1,665
1,472

1,675
1,606

1,486
1,558

1,427
1,446

1,481
1,485

1,490
1,459

1,471
1,465

1,432
1,321

1,325
1,174

1,247
1,076
22

26

27

19

17

25

27

3.4

33

23

26

3.5

3.3

3.6

2.8

2.2

thous..
do
do....
do

607.80
509 13
3,310.7
5948

538.12
470.75
3,000.8
5623

52.82
4631
209.0
295

60.36
53.12
306.6
53.9

58.52
52.65
282.3
55.6

63.81
58.32
254.1
56.0

57.84
51.87
282.4
59.8

49.85
45.96
250.1
41.0

31.79
29.00
259.2
33.8

37.99
34.08
173.7
43.7

35.22
28.41
236.0
48.8

29.73
24.95
237.3
58.9

29.18
22.37
233.7
45.7

17.27
13.42
259.9
37.1

23.87
19.46
195.9
58.0

do....
do

8,761
2469

8,444
2432

675
200

849
226

752
228

731
224

747
223

690
207

721
206

763
209

654
182

614
169

612
184

509
159

546
164

1 700
1513

135
118

167
146

162
142

159
139

180
161

127
111

87
75

130
115

165
152

123
112

127
115

116
108

do....
do....
do....

Retail inventories, end of period, seasonally
adjusted"!"
thous..
Exports (BuCensus), assembled units
do....
Imports (BuCensus), including separate chassis
and bodies
thous
Registrations, H new vehicles, excluding buses not
produced on truck chassis
thous
Truck trailers and chassis, complete (excludes
detachables), shipments
number..
Vans
do
Trailer bodies (detachable) sold separately
do
Trailer chassis (detachable) sold separately
do

3

1667
1 464

2

145

2

196

1,746.6
73.9
151.7

156.5
6.4
12.4

149.0
6.2
13.8

150.8
8.7
14.5

157.3
6.3
11.6

152.1
5.2
11.5

141.9
6.3
12.0

164.1
6.1
12.8

150.3
5.9
13.3

127.2
4.9
11.4

130.8
4.3
11.2

114.2
5.3
13.6

173.4
3.8
14.6

182.0
3.2
12.2

196.0
3.1
12.5

5740
190.32

559.4
170.51

5485
19.65

547.7
20.01

541.5
16.21

546.4
17.81

559.0
17.44

576.5
12.38

523.9
11.19

516.2
11.16

548.2
11.95

547.5
10.77

575.5
8.97

517.0
8.22

492.4
11.46

473.9

1 133 28

82677

46 10

7072

63.66

72.87

68.24

64.05

67.49

64.53

78.55

69.97

72.29

74.80

57.15

2 185

163

176

186

198

201

190

194

196

171

169

180

156

171

4

2477

8,913
4826
459
849

9,770
6061
340
1 189

10,533
6854
387
767

11,051
7378
542
855

9,474
6 159
404
1,062

r
9,612
r
5640
r

336
499

7,487
4298
220
504

2,983
3,781
2864
3442
1 155 1315
927
1,315
32,321 26,267
29,744 23,809

3,184
2971
798
798
23,648
21,403

3,529
3299
1,743
1,743
21,852
19,837

2,900
2656
1,013
638
18,831
16,685

2,063
1839
860
860
17,724
15,802

2,711
2,455
1,811
1,811
16,485
14,819

1,995
1833
r
815
r
815
14,735
13,231

1,762
1526
753
753
13,486
12,218

1,124
7.6
89.92
80.00

1,122
7.2
89.83
80.08

1,119
7.2
90.00
80.41

1,116
7.0
89.64
80.30

1,111
6.9
89.37
80.43

1,110
7.0
89.32
80.48

1,105
7.4
89.02
80.58

10,076 11,311
6710
5810
1,072
696
1 105 1077

117,707
r
71
032
r
7239
13356

8,311
4696
835
1332

9,490
5211
545
2662

9,980
5751
1009
885

Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
number..
Equipment manufacturers
do
New orders
do
Equipment manufacturers
do....
Unfilled orders, end of period
do....
Equipment manufacturers
do....

'85,920
'80 357
M3 955
MO, 140
52,370
47,866

'44,901
Ml 435
17916
17,288
16,485
14,819

4,709
4401
2069
2,069
45,121
41,197

5,162
4718
1559
1,559
41,539
38,059

4,245
3792
1762
1,737
38,972
35,920

4,143
3779
1,791
1,791
35,588
32,900

Freight cars (revenue), class 1 railroads (AAR): $
Number owned, end of period
thous..
Held for repairs, % of total owned
Capacity (carrying), total, end of mo
mil. tons..
Averaee oer car
tons..

1,168
8.8
92.56
79.24

1,111
6.9
89.37
80.43

1,163
8.0
92.35
79.42

1,162
8.0
92.37
79.49

1,146
8.0
91.07
79.49

1,143
8.1
91.18
79.75

RAILROAD EQUIPMENT




576
201
7.9
5.9
2.1

1,963.5
92.3
175.7

125,278
75 172
11849
14202

See footnotes at end of tables.

467

620
565

do....
do
do....
mil
do....
do

thous
do

2

475
432

Inventory-retail sales ratio domestics § 1"

Registrations fl, total new vehicles
Imports incl domestically sponsored

273
256

6,225
5749

Retail inventories, end of mo., domestics: t
Not seasonally adjusted
thous
Seasonally adjusted §
do....
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units # #
From Canada total

r

6,400
5840

1,137
7.7
90.67
79.78

1,130
7.7
90.32
79.92

SURVEY OF CURRENT BUSINESS

April 1982

S-33

FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c

Revised,
Preliminary,
Estimated,
Corrected.

Page S-l
t Revised series. Estimates of personal income have been revised as part of the 1980
benchmark revision of the national income and product accounts. An article describing that
revision appears in'the Dec. 1980 SURVEY. Data for 1976-79 are available in a special
supplement to the SURVEY. Pre-1976 data are available in The National Income and Product
Accounts of the United States, 1929-76: Statistical Tables.
$ Includes inventory valuation and capital consumption adjustments.
# New series. Detailed descriptions begin on p. 18 of the Nov. 1979 SURVEY. See note "t"
for this page for information on historical data.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage of the centered three-month moving average of disposable personal income.

PageS-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately.
$ Revised series. For wholesale see note "$" for p. S-8. For manufacturing see note "t"
for p. S-3. For retail see note "t" for P- S-8.
t See note "t" for p. S-3.
§ See note "t" for p. S-8.
@ See note "$" for p. S-8.
# New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.

Page S-3
$ Revised series. For wholesale see note "t" for P- S-8. For manufacturing see note "t"
for this page. For retail see note "t" for p. S-8.
t Revised series. Data have been revised back to 1972. A detailed description of this
revision and historical data appear in the report "Manufacturers' Shipments, Inventories,
and Orders" M3-1.10 (1972-1980), available from the Bureau of the Census, Washington,
D.C. 20233.
§ See note "t" for p. S-8.
© See note "$" for p. S-8.
# New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.
# Includes data for items not shown separately.

PageS-4
1. Based on data not seasonally adjusted,
t See note "t" for p. S-3.
# Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
If For these industries (food and kindred products, tobacco, apparel and other textile products,
petroleum and coal, chemicals and allied products, and rubber and plastics products) sales
are considered equal to new orders.

PageS-5
1. Based on unadjusted data.
t See note "t" for p. S-3.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
51 Revisions, back to 1975 for some commodities, are available upon request.
$ See note "$" for p. S-4.

Page S-6
§ For actual producer prices of individual commodities see respective commodities in the
Industry section beginning p. S-l9. All data subject to revision four months after original
publication.
t Revised series. Stage-of-processing producer price indexes have been revised back to
1976 to reflect updated industry input-output relationships and improved classification of
some products.
# Includes data for items not shown separately.
$ Effective Feb. 1982, data have been revised back to 1977 to reflect new seasonal factors.

PageS-7
1. Computed from cumulative valuation total.
2. Index as of Apr. 1, 1982: building, 325.0; construction, 347.3.




# Includes data for items not shown separately.
§ Data for Jan., Apr., July and Oct. 1981, Jan. 1982 are for five weeks; other months
four weeks.

Page S-8
1. Advance Estimate.
II Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-14.
§ Data include guaranteed direct loans sold.
t Effective April 1982 SURVEY, wholesale trade data have been revised for Jan. 1972-Dec.
1981. Revised data are available upon request.
t Effective April 1982 SURVEY, retail trade data have been revised for the years 1972-1981.
Revised data and a summary of the changes are available from the Census Bureau,
Washington, D.C. 20233.
# Includes data for items not shown separately.

PageS-9
1. Advance estimate.
2. Effective Jan. 1979 data, sales of mail-order houses are included with department store
sales.
3. As of July 1.
$ Includes data for items not shown separately.
t Revisions for Jan. 1977-Oct. 1979 appear in "Current Population Reports," Series P-25,
No. 870, Bureau of the Census.
U Effective with the February 1982 SURVEY, the labor force series have been revised back
to 1970 to reflect the 1980 Census of Population. Seasonal adjustment factors were revised
accordingly. Revised monthly series appear in the February 1982 issue of Employment and
Earnings. Revised annual series will appear in the March 1982 issue of Employment and
Earnings, U.S. Department of Labor, Bureau of Labor Statistics.
* New series. The participation rate is the percent of the civilian noninstitutional population in the civilian labor force. The employment-population ratio is employment as a percent
of the total noninstitutional population, 16 years and over.
t See note "f " for p. S-8.

PageS-10
t Effective July 1981 SURVEY, data have been revised to reflect new benchmarks and new
seasonal adjustment factors. See "BLS Establishment Estimates Revised to March 1980
Benchmarks," in the July 1981 issue of Employment and Earnings.
f See note "U" for p. S-9.

Page S-l 1
t See note "t" on p. S- 10.
$ This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
II Production and nonsupervisory workers.

PageS-12
t See corresponding note on p. S- 10.
U Production and nonsupervisory workers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of Mar. 1, 1982: Common, $13.83; Skilled, $18.00.

PageS-13
1. Average for Dec.
# Includes data for items not shown separately.
§ For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial bank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to and Federal funds transactions with domestic commercial banks
and include valuation reserves (individual loan items are shown gross; i.e. before deduction
of valuation reserves).
* New series. Beginning Dec. 1978, data are for all investment account securities; comparable data for earlier periods are not available.
© Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws; amounts paid under these programs are excluded from
state benefits paid data.
©@ Insured unemployment as a percent of average covered employment in a 12-month
period.

S-34

April 1982

SURVEY OF CURRENT BUSINESS

PageS-14

PageS-18

1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Average for the year.
3. Daily average.
4. Beginning Jan. 1981, data are for top-rated only. Prior data cover a range of top-rated
and regional dealer closing rates. See also note 3 for this page.
5. Beginning Oct. 1981, data represent the total deficit (budget deficit plus off-budget
deficit).
# Includes data for items not shown separately.
§ The Department of Health, Education, and Welfare was redesignated as the Department of Health and Human Services by the Department of Education Organization Act.
11 Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent. Data through Oct. 1979 show a maturity for 120-179 days. Beginning Nov. 1979, maturity is for 180 days.
@ Data through Oct. 1979 show a maturity for 150-179 days. Beginning Nov. 1979, maturity is for 180 days.

1. See note 1 for p. S- 16.
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
t Beginning Jan. 1977, defined as those having operating revenues of $50 million or more.
If Average daily rent per room occupied, not scheduled rates.

PageS-15
1. M1-A has been discontinued. M1 -B will now be designated "M1."
t Effective Feb. 1982 SURVEY, the money stock measures and components have been revised
back to 1959. The Federal Reserve has redefined the monetary aggregates. The redefinition
was prompted by the emergence in recent years of new monetary assets—for example, negotiable
order of withdrawal (NOW) accounts and money market mutual fund shares—and alterations in
the basic character of established monetary assets—for example, the growing similarity of
and substitution between the deposits of thrift institutions and those of commercial banks.
Monthly data from 1959 to date are available from the Banking Section of the Division of
Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
$ Composition of the money stock measures is as follows:
Ml-A.—This measure is currency plus demand deposits at commercial banks. It is essentially the same as the old M1 except that it excludes demand deposits held by foreign commercial banks and official institutions.
Ml-B.—This equals M l - A plus interest-earning checkable deposits at all depositary
institutions—namely NOW accounts, automatic transfer from savings (ATS) accounts, and
credit union share draft balances—as well as a small amount of demand deposits at thrift
institutions that cannot, using present data sources, be separated from interest-earning checkable
deposits.
M2.—This measure adds to Ml-B overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depositary institutions. Depositary institutions are commercial banks (including
U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depositary institutions (including negotiable CD's) plus
term RP's issued by commercial banks and savings and loan associations.
L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial paper,
savings bonds, and marketable liquid Treasury obligations.
J$ Includes ATS and NOW balances at all institutions, credit union share draft balances,
and demand deposits at mutual savings banks.
# Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.

PageS-16
1. Beginning Jan. 1981 data, U.S. Virgin Islands trade with foreign countries is included.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.

PageS-17
1. See note 1 for p. S-16.
2. Beginning Jan. 1982 data, the Customs value is being substituted for the f.a.s. value.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.




Page S-19
I . Reported annual total; monthly revisions are not available.
2. Data withheld to avoid disclosing operations of individual companies.
3. Beginning Jan. 1981, data represent gross weight (formerly phosphoric acid content
weight) and are not comparable with data shown for earlier periods.
4. A portion of data is being withheld to avoid disclosing information for individual
companies; not comparable with other published data.
5. Beginning Jan. 1980 data, another company is included.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Revisions, back to 1977 for some commodities, are available upon request.
II Data for Jan. 1977-June 1979 exclude potassium magnesium sulfate; not strictly comparable with data shown for other periods.

Page S-20
1 . Reported annual total; monthly revisions are not available.
2. Includes Hawaii; not distributed to the months.
3. Reported annual total, including Hawaii; monthly data are preliminary and subject to
change.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
© Revisions, back to 1978 for some commodities, are available upon request.
$ Revisions back to 1977 are available upon request.

PageS-21
1 . Average for three months, price not available for Apr.-Dec.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. See note "@@" for this page.
7. Data are no longer available.
§ Excludes pearl barley.
# Bags of 100 Ibs.
H Revised crop estimates back to 1975 are available upon request.
@ Revisions, back to 1977, for some commodities, are available upon request.
J Revisions back to 1975 are available upon request.
@@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).

PageS-22
1 . Average for 1 1 months; price not available for Dec.
2. Average for nine months; index not available for Apr.-June.
3. Data are no longer available.
§ Cases of 30 dozen.
H Bags of 132.276 Ibs.
t Revisions for Jan. -July 1979 (back to 1975 for grindings of wheat) are available upon
request.
@ Revisions back to 1977 are available upon request.
# Effective Apr. 1981 SURVEY, the wholesale price of smoked hams has been discontinued
and has been replaced with the comparable price index. Annual indexes prior to 1979 and
monthly indexes prior to Feb. 1980 are available upon request.

PageS-23
1. Crop estimate for the year.
2. Average of the seven available indexes.
3. Annual total; monthly revisions are not available.
§ Monthly data reflect cumulative revisions for prior periods.
$ Revisions back to 1975 are available upon request.
* New series. Source: Bureau of Labor Statistics.
# Totals include data for items not shown separately.

PageS-24
1. Annual data; monthly revisions not available.
2. Less than 500 short tons.

S-35

SURVEY OF CURRENT BUSINESS

April 1982

PageS-25

PageS-29

1. Annual data; monthly revisions are not available.
2. For month shown.
3. Effective Jan. 1981, data are revised back to Jan. 1980. Inventory data formerly calculated by the Bureau of the Census are now based on the Steel Service Center Institute monthly
Business Conditions report.

1. Reported annual total; revisions not distributed to the months.
2. Effective Jan. 1980, data are no longer available.
3. Average for 11 months; no price for Aug. 1980 or June 1981.
4. Average for 11 months; no price available for Nov. 1980 or for Oct. 1981.
5. Monthly data will be discontinued as of April 1982 SURVEY, due to budgetary limitations. The related annual report, MA26A, will continue to be published.
If Consumption by 525 daily newspapers reporting to the American Newspaper Publishers
Association.
§ Monthly data are averages of the 4-week periods ending on the Saturday nearest the end
of the month; annual data are as of Dec. 31.
$ Data are monthly or annual totals. Formerly weekly averages were shown.

PageS-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
H Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased for direct shipment.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual data:
Bureau of Mines.
# Includes data not shown separately.
t Effective July 1980 SURVEY, data are revised and shown on a new base. The sample size
has been restored to 100 firms and the base has been changed to 1977= 100. The revised series
are not comparable to previously published data.
* New series. These indexes are based on shipments of hydraulic and pneumatic products
reported by participating members of the National Fluid Power Association. Data back to
1959 are available upon request.

PageS-27
1. Effective Jan. 1980, total stocks for bituminous coal and lignite exclude residential and
commercial stocks and are not comparable with data shown for earlier periods.
2. Beginning 1981, data are for quarterly intervals.
3. Based on new 1981 stock level. See also note "$" for this page.
4. For month shown.
5. Data are for five weeks; other months 4 weeks.
# Includes data for items not shown separately.
@ Beginning July 1977, data are representive of those manufacturers reporting and are
not an average of the total industry; they are not directly comparable with earlier data.
* New series. Annual data prior to 1978 and monthly data prior to April 1979 are available upon request.
§ Includes nonmarketable catalyst coke.
U Includes small amounts of "other hydrocarbons and hydrogen refinery input," not shown
separately.
f Revisions for 1978 are available upon request.
$ Effective with 1981 petroleum data, the Energy Information Agency has changed some
definitions and concepts to reflect recent developments in refining and blending practices.
These changes include adding a category for gasohol production to motor gasoline production and accounting more precisely for distillate and residual fuel oil processed further after
initial distillation. A description of these changes appears in the May 1981 issue of Monthly
Energy Review, U.S. Department of Energy, Energy Information Administration.

PageS-28
1. Based on new 1981 stock level. See also note "$" for p. S-27.
2. Effective April 1981, price represents simple average of Platt's/Lundberg special retail
gasoline prices for 48 cities; not strictly comparable with prices shown for earlier periods
which represent weighted average price.
3. Reported annual totals; revisions not allocated to the months.
4. Simple averages of prices are no longer available.
5. See note 5 for p. S-29.
H Prices are mid-month, include taxes, and represent full service; comparable prices prior
to Jan. 1979 are not available.
# Includes data for items not shown separately.
* New series. See note "T' for this page.
$ Except for price data, see note "$" for p. S-27.




PageS-30
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
4. Data are not available prior to Jan. 1980.
5. Effective Nov. 1981, shipments of wide-mouth containers for "chemicals, household
and industrial" are included in shipments for "medicinal and toilet" containers.
# New series. Data for finishing mills have replaced data for weaving mills, which are no
longer available.
# Includes data for items not shown separately.
11 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.

PageS-31
1. Effective Jan. 1,1978, includes reexports, formerly excluded.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Monthly average.
6. Average for 11 months; no price for Oct.
7. Less than 500 bales.
8. Effective Aug. 1981 SURVEY, data are restated to represent millions of square yards.
§ Bales of 480 Ibs.
If Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts and premiums).
# Includes data not shown separately.

PageS-32
1. Annual total includes revisions not distributed to the months.
2. Estimates of production, not factory sales.
3. Beginning Jan. 1979, data reflect the inclusion of Volkswagens produced in the U. S.
Beginning Jan. 1980, passenger vans (previously reported as passenger cars) are included
with trucks.
4. Monthly data for 1980 as published in earlier issues of the SURVEY, exclude exports for
off-highway trucks; not strictly comparable with data shown for other periods.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
H Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
t Excludes railroad-owned private refrigerator cars and private line cars.
t Revisions, back to 1967 for some commodities, are available upon request.
@ In the 1979 BUSINESS STATISTICS, 4th Qtr. 1977 should read "13,946" mil. $.
It In the 1979 BUSINESS STATISTICS, annual data for 1977 should read "2,604.8"
mil. $.
## Revisions back to 1977 are available upon request.

The CURRENT BUSINESS STATISTICS Section of the SURVEY has been reduced from 40 to 36 pages. Some series will no longer be
carried in the S-pages and those that remain will have new locations. The index to CURRENT BUSINESS STATISTICS lists the new
page numbers.
This change was made to reduce publication expenses and because some series have been discontinued by their source agencies. The
quarterly series for plant and equipment expenditures and for U.S. international transactions appear in the white pages of the March,
June, September, and December issues of the SURVEY.

SOON TO BE
RELEASED
1975-80
Personal Income Statistics for
* U.S.
>

REGIONS

*

STATES

»>

COUNTIES

*>

SMSA's

»>

BEA ECONOMIC
AREAS




Total Personal Income
By Type of Income

Per Capita Personal Income

For further information write:
Regional Economic Measurement Division BE-55
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230

Labor and Proprietor's Income
By Industry Group

INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
,

1-5
5, 6
7, 8
8, 9
9-13
13-16
16-18
18, 19

Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products

19, 20
20
20-23
23
23, 24
24-27
27, 28
28, 29

Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment

29
30
30-32
32

Footnotes

33-35
INDIVIDUAL SERIES

Advertising
8, 12
Aerospace vehicles
32
Agricultural loans
13
Air carrier operations
18
Air conditioners (room)
27
Aircraft and parts
4, 32
Alcohol, denatured and ethyl
19
Alcoholic beverages
8, 20
Aluminum
25
Apparel
2, 4-6, 8-12
Asphalt
28
Automobiles, etc
2-4, 6, 8, 9, 14, 15, 17, 32
Banking
13, 14
Barley
21
Battery shipments
27
Beef and veal
,
22
Beverages
8, 17, 20
Blast furnaces, steel mills
3-5
Bonds, issued, prices, sales, yields
15-16
Brass and bronze
26
Brick
30
Building and construction materials
2, 4, 5
Building costs.
7
7
Building permits
.....
5
Business incorporation (new), failures .
Business sales and inventories
2,3
21
Butter
Cattle and calves
22
Cement
.
30
Chain-store sales, firms with 11 or more
stores
9
Cheese
21
Chemicals
2-4, 10-12, 15, 17,19, 20
Cigarettes and cigars.
23
Clay products
2-4, 30
Clothing. (See apparel).
Coal
2,27
Cocoa
22
Coffee
22
Coke
27
Combustion, atmosphere, heating equipment
26
Communication
15, 19
Confectionery, sales
22
Construction:
Contracts
7
Costs
7
Employment, unemployment, hours,
earnings
10-12
Highways and streets
7
Housing starts
7
New construction put in place
7
Consumer credit
14
Consumer goods output, index
1, 2
Consumer Price Index
5, 6
Copper and copper products
25, 26
Corn
21
Cost of living (see Consumer Price Index)
5, 6
Cotton, raw and manufactures
5, 30, 31
Credit, commercial bank, consumer
14
Crops
5, 21, 23, 30
Crude oil
3, 27
Currency in circulation
15
Dairy products
5, 21
Debt, U.S. Government
14
Deflator, PCE
1
Department stores, sales, inventories
9
Deposits, bank
13, 15
3f




Dishwashers
Disposition of personal income
Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment

27
1
20
1, 15
8, 9
12
8, 9
5, 22
2, 20
2-5,
10-12, 15, 27
Employee-hours, aggregate, and indexes
11
Employment
10, 11
Explosives
20
Exports (see also individual commodities)
16, 17
Failures, industrial and commercial
5
Farm prices
5, 6
Farm wages
12
Fats and oils
17
Federal Government finance
.
14
Federal Reserve banks, large commercial
13
Federal Reserve member banks
13
Fertilizers
,.
19
Fish..
22
Flooring, hardwood
24
Flour, wheat
22
Food products
2-6, 8, 10-12, 15, 17, 20-23
Foreign trade (see also individual commod.)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
5, 28
Fuels
2, 6, 17, 27, 28
Furnaces
27
Furniture
2, 6, 8-12
Gas, output, prices, sales, revenues
2, 6, 20
Gasoline
28
Glass and products
30
Glycerin
19
Gold
14
Grains and products
5, 6, 21, 22
Grocery stores
9
Gypsum and products
30
,

Hardware stores
8
Heating equipment
26
Help-wanted advertising index
12
Hides and skins
6
Highways and streets
7
Hogs
22
Home Loan banks, outstanding advances
8
Home mortgages
8
Hotels and motor-hotels
18
Hours, average weekly
11
Housefurnishings
2, 4, 5, 8, 9
Household appliances, radios, and television sets
27
Housing starts and permits
7
Imports (see also individual commodities)
17, 18
Income, personal
2
Income and employment tax receipts
14
Industrial production indexes:
By industry
1, 2
By market grouping
1, 2
Installment credit
14
Instruments and related products
2-4,10-12
Interest and money rates
14
Inventories, manufacturers' and trade
3, 4, 9
Inventory-sales ratios
3
Iron and steel
2, 15, 24, 25
Labor advertising index
14
Labor force
9, 10
Lamb and mutton
22
Lead
26
Leather and products
2, 6, 10-12, 23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also
Consumer credit)
8, 13
Lubricants
28
Lumber and products
2, 6, 10-12, 23, 24
Machine tools
26
Machinery
2-6, 10-12, 15, 17, 26, 27
Manufacturers' sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment,
production workers, hours, earnings
10-12
Manufacturing production indexes
1, 2
Meat animals and meats
5, 22
Medical care
,
6
Metals
2-6, 10-12, 15, 24-26
Milk
21
Mining and minerals
2, 6,10-12,15
Monetary statistics
15
Money and interest rates
14
Money supply
15
Mortgage applications, loans, rates
8, 13,14
Motor carriers
18
Motor vehicles
2-4, 6, 8, 9, 15, 17, 32

National parks, visits
18
Newsprint
29
New York Stock Exchange, selected data
16
Nonferrous metals
2, 4, 5, 15, 25, 26
Oats
21
Oils and fats
17
Orders, new and unfilled, manufacturers'
4, 5
Outlays, U.S. Government
14
Paint and paint materials
20
Paper and products and pulp
2-4,
6, 10-12, 15, 28, 29
Parity ratio
5
Passenger cars
2-4, 6, 8, 9,15,17, 32
Passports issued
18
Personal consumption expenditures
1
Personal income
1
Personal outlays
1
Petroleum and products
2-4,
10-12, 15, 17, 27, 28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5, 22
Price deflator, implicit (PCE)
1
Prices (see also individual commodities)
5, 6
Printing and publishing
2, 10-12
Private sector employment, hours, earnings
10-12
Producer Price Indexes
6
Profits, corporate
15
Public utilities
1, 2, 7, 15, 16, 20
Pulp and pulpwood
28
Purchasing power of the dollar
6
Radio and television
8, 27
Railroads
13, 16, 18, 32
Ranges
27
Rayon and acetate
31
Real estate
8, 13
Receipts, U.S. Government
14
Refrigerators
27
Registrations (new vehicles)
32
Rent (housing)
6
Retail trade
2, 3, 5, 8-12, 14, 32
Rice
21
Rubber and products (incl. plastics)
2-4,
6, 10-12, 29
Saving, personal
1
Savings and loan assoc., new mortgage loans
8
Savings deposits
13
Securities issued
15
Security markets
15, 16
Services
6, 10-12
Sheep and lambs
22
Shoes and other footwear
23
Silver
14
Spindle activity, cotton
31
Steel (raw) and steel manufactures
25
Steel scrap
24
Stock market customer financing
15
Stock prices, yields, sales, etc
16
Stone, clay, glass products
2-4,10-12, 15, 30
Sugar.
23
Sulfur
19
Sulfuric acid
19
Superphosphate
19
Tea imports
23
Telephone and telegraph carriers
19
Television and radio
27
Textiles and products
2-4, 10-12, 15, 30, 31
Tin
26
Tires and inner tubes
29
Tobacco and manufactures
2-4,10-12, 23
Tractors
27
Trade (retail and wholesale)
2, 3, 5, 8-12, 32
Transit lines, urban
18
Transportation
6, 10-12, 15, 16, 18
Transportation equipment
2-6, 10-12, 15, 17, 32
Travel
18
Truck trailers
32
Trucks (industrial and other)
26, 27, 32
Unemployment and insurance
9,10, 13
U.S. Government bonds
16
U.S. Government finance
14
Utilities
2, 6, 7, 15, 16, 20
27
Vacuum cleaners
9
Variety stores
5
Vegetables and fruits
13
Veterans' unemployment insurance.
Wages and salaries
1, 12
Washers and dryers
27
Water heaters
27
Wheat and wheat
flour
21, 22
Wholesale trade
2, 3, 5, 8, 10-12
Wood pulp
28
Wool and wool manufactures
31
26
Zinc.,