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August 16, 1957 STATISTICS BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS BILLION BILLION DOLLARS DOLLARS ion 100 T O T A L L O A N S A N D INVESTMENTS Average of Wednesday Wednesday data data (Federal Reserve W e e k l y R e p o r t i n g M e m b e r Banks) 95 90 95 _ 90 1957 J V ^ 85 85 / 75 !956 - 80 ^i 1 i . i 1 i l l i 1 ) i BILLION 1 .1 L j L_J 1_J ,- J L _ J l_LJ L _ J ™ J ™ L J L _ L ™- J 1 J—1—i—J 1956 1955 1954 DOLLARS L_J 1 80 i M L.LJ BILLION I i J F M A M J 1957 I I± i I iJ 75 J A S O N D DOLLARS 20 350 PERSONAL INCOME SALES OF RETAIL STORES (Seasonally adjusted, at annual rates) (seasonally adjusted) 15 j 300 X ' ^ Total Total — 10 250 Nondurable Goods 1 Wage and Salary Disbursements - 5 Durable Goods 200 [j i i i i I i i i i i 1 i i i i i I I i i i i 1 i i i i i I i i i i l 1 1 i i 1954 INDEX, 1947-49 1955 1956 M I i i I it 125 i i i i i 1 i i i i i i i i i i 1 i i i i i 1956 1957 HOURS 56 2.40 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) '2>/~ Employi nent 100 MANUFACTURING HOURS & EARNINGS -j 2.20 H 2.00 -j 1.80 — 1.60 52 h Average Gross I I I J 1 1 l I l M i i i i i 1 i i i i i _L_LUjJ I I I I J - i i i i i 1 i i i i i Hourly Earnings 48 44 40 Average 75 1955 DOLLARS = 100 Payroll 150 JUOJL±XLLOJ™ I i I I I i I I I I I 1954 200 175 0 1957 Hours Per Week ' (right scale ) S 4 0 1/dJ. I I I I I I I I I I I I I I I I J I 1 1 .J _ L U I I I I 11 I S956 1954 1955 I I I I l I 1957 J 36 WEEKLY BUSINESS STATISTICS1 2 1956 1957 ITEM Aug. 4 Aug. 11 July 20 July 27 Aug. 3 Aug. 10 Commodity prices, wholesale: 1947-49-100.. •••••••••• 89.4 104 1,246 1,113 *l!4.0 *90.0 * 102.2 *I2I.4 90.6 107 1,205 1,078 118.0 92.9 107.1 125.5 90.3 101 1,38! 1,279 118.0 93.4 106.6 125.5 90.0 101 1,314 1,219 117.9 92.8 106.1 125.5 90.2 103 118.0 93.2 106.7 125.5 90.2 30,575 25,172 18,591 476 30,633 25,182 18,588 570 31,183 25,641 19,200 515 30,999 25,456 19,189 567 30,909 24,932 18,885 389 30,983 25,124 18,868 480 55,556 21,904 84,609 25,978 28,734 8,671 55,428 21,913 84,402 25,824 28,727 8,678 55,167 23,608 87,090 25,642 32,070 8,657 55,570 23,599 86,244 25,223 31,783 8,666 55,555 23,590 86,364 25,241 31,737 8,675 282 3.55 49.42 52.92 229 3.59 49.36 52.84 266 4.25 48,58 52.61 228 4.28 48.61 52.65 281 4.31 47.9! 51.88 1,534 11,190 131,921 7,065 1,564 11,530 127,648 7,086 1,657 12,306 139,198 6,947 1,668 12,243 141,655 6,922 1,617 12,474 140,156 6,843 415 #16.9 660 320 1,415 #57.5 715 344 2,030 79.3 743 336 2,033 79.4 736 333 2,033 79.4 741 342 do.... F1 nance: Federal Reserve bank credit outstanding, total .3/.....do.... Federal Reserve reporting member banks in leading cities: 4_/ Demand deposits, adjusted,.... „##..mi 1. of d o U s Time deposits, except U. S. Government.. Loans and investments (adjusted), total. Commercial, Industrial, and agr. loans (gross).,..do.... Real-estate loans (gross)••••••••••••• e e e e e e e . e e e e 0 O e . . . Bond yields, domestic corporate (Moody's) 3/,.,....percent.. Stock prices, 500 stocks (Stand. & Poor*s) 4/«ee1941-43*10.8 265 4.34 47.03 50.82 Production: s. of short tons.. ..mi 1. of kw.-hr.. Stee 1 5/..... thous. of short tons.. ..thous. of cars.. 139,014 2,043 79.8 J./ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data. 5J Week beginning August 12, 1957: Production, 2,097 thous. short tons; operating rate, 81.9 percent. * Monthly index for July 1956. # Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 1957 ITEM May June March April May June GENERAL BUSINESS INDICATORS National income and product: Seasonally adjusted quarterly totals at annual rates: Proprietors' and rental income, total do.... Corp. profits and inventory valuation adj.,total..do.... Gross private domestic investment, total.... .do.... ••«...««.« 340.6 240.0 226.1 188.4 9.7 27.9 355.1 251.1 235.9 196.8 9.6 29.4 253.6 238.2 198 8 9 7 29.7 13.9 49.7 28.0 11.5 10.3 15.3 50.3 28.4 11.5 10.4 15.4 50.7 28.7 11.7 10.4 39.1 42.4 21.6 20.7 -3.2 11.7 41.2 43.9 22.4 21.5 -2.7 12.5 -1.3 12.7 410.8 265.0 33.3 132.7 99.0 429.1 276.7 35.9 137.3 103.4 434.3 278.9 35.0 139. 1 104.9 65.3 33.6 27.2 4.6 1.2 79.3 46.4 41.6 32.9 62.7 32.8 30.7 -.8 4.1 85.6 50.3 45.5 35.3 65.0 32.7 30.5 1.7 3.5 .••••••••• 86.9 51.1 46.3 35.8 MONTHLY BUSINESS STATISTICS—Continued 3 1957 1956 ITEM June May Apri 1 July June July GENERAL BUSINESS INDICATORS - Contlnu ed National income and product - Continued Seasonally adjusted quarterly totals at annual rates - Con. .bi1. of dol.. Less: Personal tax and nontax payments.«... e e e e e e e e CJO « . . . do.... do.... Personal income, by source: Seasonally adjusted at annual rates: do.... *337.7 *42 0 2 *295.5 *I8.9 325.3 39.5 285.8 20.8 o,oe*ooooe 342.4 42.9 299.5 20.6 326.8 227.3 98.1 60.3 31.0 37.9 325.6 225.7 96.3 60.2 31.2 38.0 340.6 237.1 102.4 62.7 32.9 39.1 342.9 238.3 102.4 63.4 33.0 39.5 r344.8 r240.1 r103.3 r63.8 r33.2 r39.8 345.5 240.9 103.3 64.2 33.4 40,0 7.5 49.7 29.5 18.5 5.7 312.0 7.5 49.9 29.7 18.5 5.7 310.7 7.8 50.6 31.0 20.8 6.7 325.3 7.8 50,8 31.2 21.6 6.8 327.5 7.9 r50 s 9 31.2 21.5 6.8 r329.3 51,0 31.3 21.2 6.8 330.1 211.9 213.6 214.9 r2!5.3 216.6 .mi 1. of dol.. 16,579 15,382 r16,442 r17,205 17,114 16,705 do.... do.... 3,363 921 3,066 846 r3,39l r809 r3,550 r873 3,609 916 3,383 do.... do.... do.... do.... do.... do.... .do 0 . 9 . do.... do.... 989 477 1,270 3,835 1,201 1,700 15,852 5,500 10,352 768 464 1,306 3,628 1,239 1,414 15,871 5,514 10,357 rl,!3l r502 rl,!53 r3,770 rl,2l6 r1,705 r16,437 r5,63! r10,806 r998 .-520 r 1,253 r4,043 r 1,293 r1,723 rl6,644 r5,776 r10,867 994 511 1,289 3,977 1,321 1,680 16,783 5,806 10,977 do.... do.... ...•••••do.... do.... do.... do.... 23,510 10,860 12,650 23,830 10,750 13,080 23,300 10,650 12,650 23,800 10,650 13,150 24,510 11,220 13,290 23,670 10,590 13,080 r24,440 11,170 r13,270 r23,950 r10,740 13,210 23,840 10,970 12,870 24,090 10,800 13,290 do.... do.... 3,434 3,332 2,994 3,373 3,412 3,427 3,551 3,493 3,456 3,509 ,1947-49=100.. do.... 119 124 101 128 122 122 r!24 125 p 121 p!27 .mi 1. of dol.. do.... do.... r10,750 r4,220 r6,530 do.... ..do.... r11,260 r4,590 r6,670 r11,970 r6,300 r5,670 r12,110 r6,2IO r5,900 r 11,250 r4,3IO r6,940 r12,800 r6,700 r6J00 rll,640 r4,450 r7,l90 rl2,6IO r6,670 r5,940 10,990 4,240 6,750 12,490 6,670 5,820 do.... do.... do.... do.... 69,430 66,503 7,876 58,627 2,927 69,489 66,655 7,700 58,955 2,833 66,951 64,261 5,755 58,506 2,690 67,893 65,178 6,659 58,519 2,715 69,842 66,504 7,534 58,970 3,337 70,22* 67,22 7,772 59,44< 3,00" 52,135 16,825 833 3,237 4,191 11,236 2,328 6,320 7,165 51,258 16,301 765 3,256 4,161 11,164 2,349 6,296 6,966 52,245 16,822 833 2,906 4,153 11,428 2,320 6,432 7,351 r52,456 r16,762 r835 r3,082 r4,156 rll,411 r2,329 r6,520 r7,36l r52,874 r16,847 r859 r3,233 r4,182 r11,501 r2,359 r6,552 r7,34l p52,57' pl6,67 p852 r3,29( p4,20I pll,48( p2,39S p6,52( P7,I6( 13,108 7,636 83 713 312 477 1,119 12,536 7,113 82 703 306 466 747 12,960 7,635 78 612 312 455 1,101 r12,894 r7,600 r77 r638 308 456 r1,093 r12,962 r7,60l r77 r660 r3l2 r460 r1,092 p 12,76* p7,43( ........do.... do.... do.... do.... do.... do.... Persona! interest income and dividends.... do Less personal contributions for social insurance..do.... 7.9 COMMODITY PRICES Retal1 price: .1935-39=100.. All commodities (U.S. Dept. of Commerce index) DOMESTIC TRADE AH retail stores: JL/ Durab1e-goods stores: 871 Nondurab 1 e-goods stores:, Estimated sales (seasonally adjusted), total.. 847 5IC 1,343 3,98C 1,362 1,523 16,902 5,73£ 11,165 Estimated inventories: Firms with II or more stores, estimated sales: Department store sales, United States total: plOf P i3: Wholesale trade: Inventories, estimated (unadjusted), total.... # EMPLOYMENT AND WAGES Labor force (Bureau of the Census): 2/ Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor). ..«•«•«.uO.... ..do.... ...do.... do.... do.... do.... do.... do.... do.... Production workers in manufacturing industries: Lumber and wood products (except furniture) do.... do do.... do.... p7! p64* p30( p44^ pl,08< r/ Revised. £ / Preliminary. * Data are for 1st quarter 1957. J/ Data for July 1957 are advance estimates. 2/ Estimates beginning January 1957 reflect certain changes made in the definitions for employment and unemployment, etc. Figures for July 1957, comparable with data through July 1956, in order as above (thous.): 70,233; 67,546; 7,804; 59,742; 2,687. MONTHLY BUSINESS STATISTICS — Continued 4 1956 1957 ITEM June EMPLOYMENT AND WAGES - Continued Production workers in manufacturing Industries - Continued Durable-goods industries - Continued Fabricated metal products _!/«,»«®©«e®«©«©e®@©^.thousands*® Machinery (except electrfcal).....................do.... Electrical m a c h i n e r y « 9 9 e „ , e s „ e e o „ „ „ 9 9 < ) , „ , , e e d o 9 ( > 9 8 TransportatI on equIpment...••••••••••••••••••••• . .do. ... Instruments and related products..................do...# Nondurab 1e-goods 1 ndustr ies,oe». e 9 . e , 0 < > » . M M .do. . .9 Food and kindred products.......................*.do.... Tobacco manufactures....©....®,, ©©©©».,• ©®9®©«©©©©©do*,*®© Text! le-mi 11 p r o d u c t s ^ e M ^ ^ ^ ^ ^ ^ ^ ^ o ^ . ^ M d o ^ ^ Apparel and other finished textile products.....•.dp.••• Paper and allied products.........................do.... Printing, publishing, and allied products..•••••••do.... Chemicals and allied products.#......«............db.... Products of petroleum and c o a ! ^ , , M j l M e o < ) M < ) « 9 , , d o « M e Rubber products,,..•••«..•.•.••••••..•..,•.........do.,.. Leather and leather p r o d u c t s ^ ^ ^ ^ ^ ^ M ^ ^ ^ ^ d o . ^ , Manufacturing production-worker Indexes? Employment: Unadjusted.•••••••••••••••o9***«*«1947-49=!00e. n U J U b T ^ O ©©©^0@©@.©©©@©©©©©©@<s©©©<&0©©©©©©<&© OO© @ ©© PayroS Is, unadjusted«a.ae@.ffi.@®sa>«>©9©oo.©@e.«®©a«i>...®.d©«,!,<je Hours and earnings; Average weekly hours per worker, all manufacturIng^*hours® e DurabSe-goods industri es ••••••••.•• .••.•••••••«»•<»••• do, •« • Nondurable-goods industr 1 ese•••••••••••••••••••••••®do...• Average weekly earnings, all manufacturing®..,©©.,.do!Jars.. Durab 1 e-goods Industries..«.©..«...©.«,«.„..©«,.«,..,. .do.••, Nondurab I e-goods 1 ndustr Ses..«>.,s>@e<8«e.e®<9s».9.e....08 do.•.. Average hourly earnings, all manufacturing<9e«9........,do..e. Durab 1 e-goods I ndustr i e s , , e e e „ 9 „ , e 9 9 M M M « e e » » 9 ©do.•.• Ordnance and accessories, 9 ,» 9S „ 9ea() of 9 »e 99 « 9 s« 6S6 do 99e( Lumber and wood products (except furniture).•••••.do.... Furniture and fixfures<t$«l««,««e^«See«e»s.«(,9S«,e«do,,e« Stone, clay, and glass products.....••••••••••....do.... Primary metal industrles.........»................do.... Fabricated metal products .^/••••••••••••••••••••••do.... Machinery (except electrical)..................#..do.... E1ectr i ca1 maeh S nery......••.•••.•••••••••••••••••do.... Transportation equipment•••••••••«•«••••••••••••••do,«., Instruments and related products...............*..do.... Nondurab 1 e-goods Industries•••••••••••••••••..••••••do.... Food and kindred products®.••••...•.••»••,••<»••, ..doA,,, Tobacco manufactures.••••.•••••••••••••••••••••••.do.•.. Texti le-mi 11 products,..«....,..»«,.,«©o..«,»..,....do.... Apparel and other finished text! le-products«####«*do«..* Paper and allied productsa*.«.***.«««««»«».«##*«*#do«... Printing, publishing, and allied industries.......do..«. Chemicals and allied products..«.......*.«.«.0*...do..«. Products of petroleum and coal..«.................do..«. KUDoer prooucTs.©«>..©..©.©©see©©©....©«©©».a......oo«.«. Leather and leather products0 .,«,.©...©.... «©.»©» ©.do.... TJ Revised, j>/ Pre 15minary. 889 1,277 823 1,247 862 849 853 1,299 1,280 1,446 229 5,472 S ,094 226 230 5,423 1,140 5,325 May June 883 1,255 r847 r1,435 r226 r885 r 1,239 r855 r!,4!2 r223 p870 pi,208 p84I pi,372 p220 r5,294 r1,004 r5,36l r1,056 p5,332 pi,105 76 928 990 74 919 1,050 1,025 S,069 r1,039 467 549 549 175 203 340 462 544 539 S70 203 337 467 559 549 173 191 334 106.0 106.5 158.5 101,4 102.8 150.5 40.2 40.8 39,2 79.19 85.27 70.95 1.97 2.09 2,20 1.81 1.69 1.96 2.34 2.06 2.19 1.97 2.29 2,00 40 J 40.7 39,4 78.60 84.25 71.71 1.96 2.07 2*20 1.80 1.68 1.97 2.28 2.05 2,20 1.98 2.30 | 2.02 78 966 1.81 1.83 1.52 1.4*4 1.45 1.93 2.43 2,12 2.55 2,14 S.50 1.82 1.83 I.5S S.44 1.46 1.96 2.43 2.13 2.56 2.16 1.49 July 73 p69 r555 r544 r!74 r204 r9!2 r1,046 r470 r557 r536 r!77 r200 325 333 p887 pi,012 p460 p556 p53l p!78 p203 p332 104.8 105.9 161.5 104.2 105.7 rl6I.O r104.8 r105.4 r163.9 p!03 # 2 p!04.7 p!6f*8 39.8 40.5 38.9 81.59 88.29 72.74 2.05 2.18 2 @ 3I S.80 1.72 2.01 2.46 2.15 2.28 2.06 2.37 2.10 39.7 r40.3 38.9 81.78 r87.85 73,13 2.06 2.18 r2.3! S082 1.73 2.02 2.46 r2.l6 2.28 2.05 2.37 r2.IO r40.0 r40ffi6 r39.2 r82.80 r88.9l r74e09 2.07 2.19 2.33 1.85 rf.74 r2.04 r2.48 2.17 r2.30 r2.07 r2.40 r2.ll p39.9 P40.2 p39.5 p82«99 p88*44 p75.05 p2.08 p2.20 P2.37 pl.8l pl.74 p2.05 p2.5l P2.I8 p2.30 p2.07 p2.4l P2.I2 S.87 1.88 1.94 1.58 1.50 1.48 r2.0l 2.51 2.20 2,61 2.22 1.54 1.89 rl.93 rl.59 1.50 rl.49 2.03 2.51 2.23 r2.66 r2.23 rl.54 pS.90 pi.93 p».62 pl.50 pl.49 P2.05 p2.50 p2.25 p2.67 p2.25 pi*53 I 1.93 ! I | 1.55 S.50 1.48 2.00 2.49 2.17 2.59 2 0 19 S.54 73 r9M 465 \J Except ordnance, machinery, and t r a n s p o r t a t i o n equipment. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 871 1,274 Apr! 1 July PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300
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