View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BUSINESS
STATISTICS

A UNITED STATES
DEPARTMENT OF

mmmmm
.PUBLICATION

1Q

y

UJ
w

Iki

f\M\
n

A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS*

AUGUST 13,
1971

is, iiPiiiliiT ir
1941-43 =

1941-43 = 10
130
PRICES OF 425 INDUSTRIAL STOCKS

(avg.*°d*ty dose)

120

-

110

-

100

-

90

-

80

,

1—1

1—L_J

1—1 1

UJ—1—

1

1 1 L-J—1—1—1

1968

1 L

LJ

1 I,

1—UJ—1—LJUJ-,.1

1969

1

1 )

1 UJ—1

1970

1 1 1 L.
J

1971

F M A M J J A S O N D

Data: Standard & Poor's Group

1967 = 100

Billion $
35

SALES OF RETAIL STORES

WHOLESALE PRICES

125

30 h
120

Farm

Products

(seasonally adjusted)

25 h
20
Nondurable

15

Goods
Durable

...A.....

10

1969

1970

1968

1971

Data: Federal Reserve Board

1969

1970

1971

Data: U.S. Dept. of Commerce

Dollars

3.80

i Ii i i i i

i i h i i i i Ii i i i iIi i i ii

1 ii I

1968

Goods

Hours

48
MANUFACTURING HOURS &
EARNINGS

Billion $
11.0
CONSUMER INSTALLMENT CREDIT
EXTENDED A N D REPAID
10.0 ~ (seasonally adjusted)

3.60

(Hours seasonally adjusted)

46

3.40

Average
Hourly
Gross
Earnings
(left scale) \

44

9.0

42

8.0

Extended

3.20

v

*
A

f
3.00
Average

2.80

Hours

Per Week

1968

1969

7.0

38

6.0

***

I
(right scale)
.
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

II

i i Ii i i i i

1971

U.S. Dept. of Labor

n u i l i i i a

. . . . . 1 , . .

1968
Data: Federal Reserve Board

* A v a i l a b l e o n l y w i t h subscription t o t h e SURVEY O F CURRENT BUSINESS, this S u p p l e m e n t


provides selected


v •
Repaid

40

w e e k l y a n d monthly d a t a subsequent t o those p u b l i s h e d in t h e latest monthly SURVEY

1969

.,

I 1 t. 1 _L. J 1 1 1 1.1

•J-U-L-jJ-lJLl-l I.

1970

1971

WEEKLY

2

BUSINESS STATISTICS
1970

1971

ITEM
Aug. 8

Aug. 1

July 17

July 24

July 31

Aug. 7
108.5

1967=100..

112.8

113.1

108.2

108.5

108.3

mil. $..
do....

6,985
4,675

6,875
4,862

7,459
5,040

7,434
4,934

7,532
4,951

INITIAL UNEMPLOYMENT CLAIMS, State programs
thous..
INSURED UNEMPLOYMENT, all programs
do
State programs (50 States, D.C., and Puerto Rico)...do....
FAILURES, INDUST. AND COMMERCIAL (Dun & Bradstreet).number..

294
1,933
1,789
209

279
1,912
1,767
233

368
2,408
1,978
211

342
2,430
1,996
177

340

179

FINANCE:
Currency in circulation _3/
mil. $..
Federal Reserve bank credit outstanding, total _3_/...do...•
Member bank reserve balances _3/
do....
Excess reserves, estimated 3J
do....

54,488
63,469
28,183
153

54,588
63,713
28,142
188

59,182
71,266
30,311
41

58,955
71,997
30,969
329

58,683
70,641
30,602
76

Assets and liabilities of large commercial banks: _4/
Demand deposits, adjusted
mil. $..
Savings deposits
do. ...
Loans and investments, gross adjusted, total
do....
U.S. Government obligations
do....
Commercial and industrial loans (gross)
do....
Real estate loans (gross)
do....

79,854
46,344
233,130
23,378
79,342
33,597

79,123
46,379
234,415
23,706
79,404
33,617

84,824
53,319
257,713
26,614
82,505
35,928

83,143
53,309
256,134
25,937
82.182
36,073

83,748
53,164
255,977
25,498
81,824
36,'130

Bond yields, domestic corporate (Moody's) 3J
percent..
Stock prices, 500 stocks (Stand. & Poor's) 4/.1941-43=10..
Industrial, 425 stocks
do....

8.76
78.04
85.63

8.75
77.18
84=63

8.14
99.22
109.30

8.14
99.28
109. 39

8.16
97.07
106.94

1,751
33,311
31,458
9,349

1,938
32,300
19,038
9,912

2,130
33,668
133,372
9,608

1,823
32,921
102,685
9,630

1,648
32, 258
59,034
9,623

2,436
99.8
14.4

2,388
97.9
13.9

2,314
94.8
12.3

WHOLESALE PRICES, 22 COMMODITIES 2/
ALL RETAIL STORES, SALES
Nondurable goods stores

PRODUCTION:
Bituminous coal 3J
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate _3/

thous. sh. tons..
mil. kw.-hr..
number..
thous. bbl..

Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

thous. sh. tons..
1967=100..
bil..

1/ Data do not always cover c a l e n d a r weeks.

2,406
98 = 6
14.1

2/ Tuesday p r i c e .

MONTHLY

3J Daily a v e r a g e .

1,966
80.6

175

58,691
70,845
30,938
471

8.21
93.89
103.37

53,005

947
38.8

4/ Wednesday d a t a .

BUSINESS STATISTICS
1971

1970

May

Mar.

May

Apr.

June

GENERAL BUSINESS INDICATORS
INDUSTRIAL AND COMMERCIAL FAILURES (Dun & Bradstreet, Inc.):
Failures, total
number.
Commercial service
do. . .
Construction
do...
Manufacturing and mining
do...
Retail trade
do...
Wholesale trade
do...

891
109
164
145
388
85

912
143
132
157
396
84

1,042
156
154
196
444
92

989
126
159
167
440
97

912
139
134
171
385
83

935
137
118
199
410
71

Liabilities (current), total
thous. $.
Commercial service
do. ..
Construction
do...
Manufacturing and mining
do...
Retail trade
do.. .
Wholesale trade
do...
Failure annual rate (seas. adj.)..No. per 10,000 concerns.

147,888
9,289
19,306
83,118
23,774
12,401
42.1

170,498
16,680
21,229
93,485
29,232
9,872
43.4

224,646
95,547
18,128
47,949
38,132
24,890
43.9

153,796
19,252
23,788
53,873
41,368
15,515
42.9

249,489
46,032
23,881
62,175
104,367
13,034
42.8

165,840
16,122
24,406
85,082
29,952
10,278
44.3

1971

1970

July

Apr.

May

June

July

COMMODITY PRICES
SPOT MARKET PRICES, BASIC COMMODITIES:
22 Commodities
9 Foodstuffs
13 raw materials
WHOLESALE PRICE INDEX:
ALL COMMODITIES
Farm products
Food and feeds, processed
Industrial commodities
Chemicals and allied products
Fuels and related products, and power
Furniture and household durables
Hides, skins, and leather products
7851




1967=100
do..
do..

113.8
112.1
114.8

112.9
113.6
112.4

109.7
109.0
110.2

108.8
109.1
108.6

108.1
111.1
106.1

108.3
113.8
104.7

do. .
do..
do..
do. .
do..
do..
do..
do..

110.
111.
111.7
109.
102.
104.
107.
109.

110.9
113.4
113.3
110.0
102.5
105.1
107.6
109.8

113.3
113.0
113.5
113.3
104.5
113.0
109.7
114.0

113.8
114.0
114.5
113.7
104.3
114.2
109.9
114.4

114.3
116.0
114.9
113.9
104.4
114.4
109.8
114.2

114.6
113.4
116.0
114.5
104.4
114.4
110.0
114.2

MONTHLY BUSINESS STATISTICS —Continued

3

1970

ITEM
June

July

114.0
111.0
117.8
113.0
108.1
107.4
107.2
103.3
110.7

113.
111.
117.
113.
108.
109.
107.
103.
111.

Apr.

May

June

July 2.1

COMMODITY PRICES - Con.
WHOLESALE PRICE INDEX - Con.
Industrial commodities - Con.
Lumber and wood products
1967=100.
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.
Miscellaneous products
1967=100.
PURCHASING POWER OF THE DOLLAR AS MEASURED B Y —
Wholesale prices
1967=$1.00.

124.6
115.0
117.8
121.6
109.6
109.0
107.5
109.7
112.7

124.9
115.3
118.5
121.8
109.9
108.7
107.8
109.8
112.5

126
115
118
122
110
108
108
110.0
112.6

$0,907

$0,902

$0,883

$0,879

$0,875

DOMESTIC TRADE
RETAIL TRADE, ALL RETAIL STORES:
ESTIMATED SALES (UNADJUSTED), TOTAL
Durable goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable goods stores
«« = » =
Apparel group
Drug and proprietary stores
Eating and drinking places
Food group
Gasoline service stations
General merchandise group with nonstores

mil. $.
do*..
do...
do...
do*,.
**«,do...
do...
do...
do...
do...
do...
do...

31,415
10,418
6,272
1,407
1,378
20,997
1,618
1,029
2,474
6,781
2,344
4,930

31,143
9,959
5,860
1,395
1,381
21,184
1,500
1,031
2,554
7,112
2,414
4,790

33,050
10,747
6,737
1,345
1,346
22,303
1,790
1,088
2,302
7,133
2,265
5,546

r33,224
rl0,795
r6,640
rl,365
i1,439
r22,429
rl,680
rl,095
r2,510
r7,174
r2,348
r5,498

34,116
11,541
7,087
1,457
1,617
22,575
1,690
1,090
2,560
7,143
2,415
5,738

ESTIMATED SALES (SEAS. A D J . ) , TOTAL
Durable goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable goods stores
Apparel group
Drug and proprietary stores
Eating and drinking places
Food group
Gasoline service stations
General merchandise group with nonstores

do...
do...
do...
do...
do...
do...
do. = =,
do...
do...
do...
do...
do...

30,518
9,411
5,483
1,413
1,216
21,107
1,694
1,044
2,341
6,818
2,237
5,106

30,729
9,587
5,544
1,395
1,221
21,242
1,704
1,055
2,299
6,751
2,237
5,246

32,844
10,449
6,347
1,472
1,300
22,395
1,729
1,120
2,349
7,104
2,270
5,756

r32,692
rl0,217
r6,131
rl,429
rl,347
r22,475
rl,758
rl,104
r2,411
r7,212
r2,277
r5,723

33,110
10,383
6,175
1,464
1,433
22,727
1,783
1,115
2,408
7,125
2,300
5,959

87,230
84,050
79,382
75,174
4,208
4,669
82,213
78,299
74,763
3,536
3,914
661

87 ,955
84 ,801
80 ,291
76 ,173
4 ,118
4 ,510
82 ,711
78 ,574
75 ,066
3 ,508
4 ,137
694

85,780
82,898
78,204
74,699
3,505
4,694
83,783
78,698
75,140
3,558
5,085
1,071

85,954
83,104
78,709
75,111
3,598
4,394
84,178
78,961
75,503
3,458
5,217
1,202

87,784
84,968
79,478
75,559
3,920
5,490
83,132
78,443
75,149
3,294
4,689
1,173

4.8
3.4
4.5
14.
2.
8.
4.
2.
6.
5.
10.
5.

5.0
3.7
4.9
L4.2
2.7
8.3
4.6
3.0
6.5
5.5
10.8
5.8
5.7

6.1
4.4
6.0
17.2
3.1
10.0
5.6
3.8
7.4
6.3
9.6
7.0
7.5

70,629
620
3,324
19,477
11,286
8,191
4,511

70 587
618
3 314
19 402
11 217
8 185
4 539

70,735
623
3,289
18,690
10,623
8,067
4,491

r70,885
r622
r3,264
rl8,738
rl0,663
r8,075
r4,494

r70,647
r621
r3,231
rl8,634
rl0,606
r8,028
r4,484

14,927
3,849
11,078
3,679
11,532
12,559
2,689
9,870

14
3
11
3
11
12
2
9

15,158
3,888
11,270
3,764
11,800
12,920
2,662
10,258

rl5,211
r3,901
rl1,310
r3,779
rll,8l9
rl2,958
2,662
rl0,296

rl5,171
r3,869
rll,302
r3,796
rll,778
rl2,932
r2,653
rl0,279

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total, persons 16 years of age and over,
not seasonally adjusted
thous.
Civilian labor force
do...
Employed, total
do...
Nonagricultural employment
do...
Agricultural employment
do...
Unemployed (all civilian workers)
do...
Civilian labor force, seasonally adjusted
do...
Employed, total
do...
Nonagricultural employment
do...
Agricultural employment
do...
Unemployed (all civilian workers)
do...
Long-term, 15 weeks and over
do...
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
Married men
Negro and other races
White workers
Occupation: White-collar workers
Blue-collar workers
Industry: Private nonfarm wage and salary workers...
Construction
Manufacturing
Dur able goods
EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS):
Total, seasonally adjusted
thous.
Mining
do...
Contract construction
do...
Manuf actur ing
...
do...
Durable goods
do. . .
Nondurable goods
do...
Transportation, communication, electric, gas, etc...do...
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate.
Services
Government
Federal
State and local
_r_/ Revised.

_p_/ Preliminary.


7851


.do.
.do.
.do.
.do.
do.
do.
do.
do.

933
856
077
676
514
591
668
923

6.
4.
6.
17.
3.
10.
5.
3.
7.
6.
11.
6.
7.

5.6
4.2
5.5
15.8
3.1
9.4
5.2
3.
7.
6.
10,

130.6
115.7
119
123
110,
109
109,
110,

MONTHLY BUSINESS STATISTICS—Continued
1970

1971
July

Apr „

May

June

J u l y p_/

LABOR FORCE, EMPLOYMENT, AND EARNINGS--.Con.
HOURS (GROSS)., A V C WEEKLY PER PROD* WORKER ( M F C PAYROLLS):
Manufacturing, seasonally adj usLedc, u ,,„.„„,,«.,.„, „..,..,.«. . h o u r s .
39.8
O v e r L i m c b.our s „ » r, „ .». . o •.•., ..-, „ .., . .=.»=• •.> . -.,.-..»••:.,.-. „ . n . ,. „ * . ,.• ,> =, « do.,... ., 3,1
D u r a b l e goods.,«, „. * ..u . * «,,.,.=...,*. •.. •.>.-, „ <•.,, .•,.,... ... c . ,.-.«,.., = <>,.., odo.,«, c
40,4
O v e r t j.rnc h o u r s o . ,. .= p. = ,w, „.,-t..,,..:... =, ,: ., ,>,-, ,,,,,.... •., .., ., „ ,., „•, ,• .-,.,•..,.do«, .•, « 3,2
N o n d u r a b l e g o o d s . . . . <= w. .„„., . u . . o » . . „ « a 0 0 . = . . o u o <-. „ o . «•. « , » . d o . 0 «
39.0
O v e r t ime hour s « . .-. e <••« . « „ .a .«><•, . f. o o..-.,, „ -, .... . a..,.,.- . => c.. . a . d o «•, ., <>
3-0
MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted:
97 .a
Manufacturing- .„.«,„ »o»- , ......«,..,«., ,,, „ ....... «,....„.. *., ,1967=100,,
Durable goods,, . c.,,. u .. s.,. u . » . . . = .. n „ , , „ *.. „ •-.. o . « <, <•> .? a .., d o * „ o
95.6
N o n d u r a b l c g o o d s « . « . , <•,,, . .>«,,..-..»<=,.«.,„«.«,=... .-..-,,,.=.«.. . .-, .•>..»..„ d o •„ „.,
99,-4
HOURLY EARNINGS (GROSS), A V C PER PROD, WORKER ON PAYROLLS;
Manufacturing, not seasonally adjusted,, ,,«..-,, B . •?. 0 . . *.-.- odollarso
Excl ud ing o v e r t irae..... . =.,.,»-. «. o o « . .= „ „ <=»=. = n <. = c. t. o =, u „Q c do0 »a
Durable goods.-,»=. u o 0 .,t .•> „ o o » « o « « <••;-» o « a „ o „•»o o u =. a « = « 3 a -, = =,, do =. c <•.
E x c l u d i n g o v e r t i.mc««•»o „,a =, „u , u t. o o <, u o«,., B » o u = t,... o o c...., o = d o o a o
N o n d u r a b l e g o o d s o»««., o =«•> u = « « o , . . - , , B,.,.- = c =«.. c o,,...»., B «.».. <- u » d o a B a
Excl u d i n g overtime., „«.-»o <, n <.- e <. = = „ =.-,., c „• .•=.. o u c«-, <>, „.. o«o«do.,..,
STRIKES AND LOCKOUTS:
Beginning in period:
600
Work stoppages a <= o = B «<» o o .>.,., ^ 3 o o r.- c n « . . u .,=.,. o.,»
c = number.,
W o r k e r s i.nvolvod., t, „ o c.-, u u = o .-. = „«, 0 •-•n ., = o P o o n o e. B
212
0oothouso
In effect during month:
840
Work s t o p p a g e s < , * u „ „ a « o a « <> c •= o „ « „ « . . , n n „ u a .=,«»., r
0nnumberu
428
W o r k e r s i n v o l v e d o »,>,..,, D -, n«r..-, u«., o o u U , ! J 3 c o « = . ,
n oothouSo
5,040
M a n - d a y s i dl e d ur ing p er iod 0, a a o a * a ,..,., „a =,»c,»

40,
3«
40.
3.
39«
2.

39r,8
2.9
40,2
2.8
39., 2
2,9

i
,
s
;
j
|

r40„0
2,8
40o5
2,9
39,3
3.0

40.0
3c, 0
40.6
3.0
39.2
r3.0

39.9
2.9
40 o 4
2,8
39.3
2c 9

97.2
95c5
99 „8

92,7
89c0
98.1

;

r93.5
90.1
r98„5

r93.3
r90.1
r98..,0

92,. 2
88,8
97,2

3.37
3.25
3o57
3,45
3o09
2.98

3,, 54
3 .,42
3.76
3„64
3=,23
3.12

r3.56
3»43
3«79
3,66
3.24
r3,13

3.,57
3., 44
3.80
r3.67
r3.26
3.14

3,16

490
192

540
174

580
702

610
272

750
354
4,378

750
254
,184

790
774
3,437

850
384
3,923

FINANCE
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM):
Total outstanding, end of month,,
Installment credit, totaL.........»o......
Installment credit, extended and repaid:
Unadjusted:
Extended , to tal oa ao « «,»r,., „
Repaid, total
Seasonally adjusted:
Ext ended, total o =, « n u <. .. =«,. = a n o o .=..»r>, „ 0 «,., •. <> c ,
Repaid, to tal B o r. B., 0 .,«., <, .=., . „ 0 o o « « . , =- c „ =, o =.-. o u.,
r/ Revised.
%J
USCOMM—DC—-7851

m i l . $.-»
..do...

122,542
98,699

123,092
99,302

125,047
100,028

126,025
100,692

127,388
101,862

0do 0

cdo==3
„0

9,534
8,541

9,497
8,894

10,079
9,219

r9,562
r8,898

10,667
9,497

... doc
.do.

3,242

9,065
3,622

9,751
9,088

r9,690
r9,197

9,715
9,190

Preliminary.

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

first-Class Mali

WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS




POSTAGE A N D FEES PAID
U.S. GOVERNMENT PRINTING OFFICE