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_ ftT MENT O f „ r August 17, 1956 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS • i l l . - " • "'" ••"»"'»"''— i n — — M M tmimmmmmmmmmmnm m, n , Li.1,1. .„„.ii,...,«i, 1 1 . .I...H..II.«. ^...m.iM,.,, ,«I,,I„ Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $3.25 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS INDEX, 1 9 4 7 - 4 9 = 100 INDEX, 1 9 4 7 - 4 9 = 100 175 17 5 Monthly STEEL PRODUCTION (ingots a n d steel for castings) '","""*m""V 150 -J 125 125 1 A 800 75 S50 J. « 1 1 1 1 1. 1 A 1 .1 , 1 1 i ! • i 1 1 i 1 1 i i i i i i ; i ; i i L J . „l I .1 1 J 1 , i iOO 1 1. J F M A M J BILUON 20 DOLLARS J A S O N O INDEX, 1 9 4 7 - 4 9 = 100 130 DEPARTMENT STORE SALES & STOCKS SALES OF RETAIL STORES (seasonally adjusted) (seasonally adjusted) 140 120 h IOO h 8 0 1 I » i n I i I •» » I I I i i i i i i i i I i I M I i i 1 i i i l I 1 I I M I I U I I i 1953 I N D E X , 1 9 4 7 - 4 9 = 100 MANUFACTURING EMPLOYMENT & _ PAYROLLS (production workers) ,f"\ ^* H r 120 H ^-« Employment IOO _ x I t t 1 1 1 I i i i i _ l . l l . i l l_l M i l 1953 1954 2.00 ^ \ Payrolls 140 80 1956 1 I 1 1 M 1 1 1 1 1 I II H I 1 i 1 H 1 1 1955 HOURS 52 MANUFACTURING HOURS & EARNINGS ^WOXJ-Q a^/WV^ 1955 DOLLARS 2.20 180 160 1954 1956 48 Average Hourly Gross Earnings (left scale) 1.80 44 1.60 40 1.40 Average L20 L l l it i h i 1953 MI Hours Per Week (right scale) 1 ii 1 iM 1954 HI 36 H 1 i i i i i I i4 i i i l i n i i l i 1955 1956 M i i.l 32 2 WEEKLY BUSINESS STATISTICS * 1956 1955 ITEM Aug. 13 Aug. 6 July 21 Aug. 4 July 28 Aug. 11 Commodity prices, wholesale: •••*..... 90.1 97 1,129 1,020 *1I0.5 *89.5 * 103.1 * 116.5 89.9 100 1,079 971 114.0 90.3 102.4 121.3 88.8 96 **i,33l ** 1,203 114.1 90.8 102.4 121.4 88.6 97 1,281 1,154 114.2 90.5 102.9 121.5 89.4 104 114.2 89.4 102.6 121.8 90.7 30,237 25,638 18,910 590 30,285 25,584 13,824 661 30,808 25,769 18,869 622 30,632 25,393 18,744 544 30,575 25,172 18,591 485 30,633 25,182 18,588 570 55,865 21,552 84,878 31,975 23,550 7,993 55,645 21,570 84,416 31,634 23,754 8,028 55,774 21,870 84,905 26,264 28,657 8,627 56,114 21,893 84,515 26,050 28,623 8,651 55,556 21,904 84,609 25,978 28,734 8,671 213 3.27 313.7 357.1 169 3.28 306.4 348.1 223 3.49 360.3 422.5 274 3.52 361.8 423.5 282 3.55 362.9 424.9 1,517 10,925 163,105 6,640 1,539 10,729 172,690 6,635 1,500 11,125 135,122 7,111 1,505 11,295 132,673 7,086 1,540 11,190 131,916 7,065 Finance: Federal Reserve bank credit outstanding, total 3/ do.... Federal Reserve reporting member banks in jeading cities :jl/ Commercial, industrial, and agr. loans (gross)....do.... Stock prices,480 stocks (Stand, & Poor's) 4/...1935-39^100.. 229 3.59 363.7 426.2 Production: Electric power, by utiilties................m!1, of kw.-hr.. 419 415 1,415 377 2, 157 16.9 17.0 15.3 57.5 #89.4 660 650 648 775 320 319 321 374 J./ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Dally average. Aj Wednesday data. 5J Week beginning August 13, 1956: Production, 2,106 thous. short tons; operating rate, 85.5 percent. §J Data for 1956 adjusted to revised classification of class I railroads. * Monthly Index for July 1955. ** Revised data for preceding week: Total, 1,358; State programs, 1,237. # Not comparable with 1956 rates which are based on higher capacity. 2,098 #86.9 760 366 MONTHLY BUSINESS STATISTICS 1955 1956 ITEM July June COMMODITY PRICES Prices received and paid by farmers: Prices received, all farm products .1910-14=100.. Crops. ••••.••.....•• ••••••••••••••do.... Commercial vegetables, fresh market ••••••do.... Cotton••••••.••••••••••••••••• do.... Feed grains and hay..,..,.. « «do... e Food grains............. •••••• ......do.... Fruit do.... 01l~bearIng crops. ••••• do*... Potatoes J./. . do. •.. Tobacco •••• • do.... April May July June 235 245 260 275 185 229 218 253 234 453 242 252 272 270 192 226 233 265 283 454 247 263 310 273 192 218 266 259 338 453 244 258 286 274 194 216 225 250 387 453 227 Livestock and products..., .......do.... 236 240 246 242 236 Dairy products do.... 237 259 271 Meat an I ma Is •••••• ••• do.... 180 179 177 Poultry and eggs.. do.... 226 249 253 Wool do.... Prices paid: 261 262 263 All commodities and services.............. ....do.... 274 274 274 Family living items .....do.... 248 250 248 Production Items. .. .do.... 282 281 All commod., services, int., taxes, and wage rates.do.... 284 84 85 Parity ratio*... do.... 83 Retail price: 208.8 208.6 207.8 A M commodities (U.S.Dept.of Commerce Index)..I935-39«100.. CONSTRUCTION AND REAL ESTATE 3,389 3,936 4,085 New construction (unadjusted), total ...mil. of dol.. 2,403 2,766 2,862 Private, totaI.. do.... 1,212 1,590 1,545 Res i dent I a I C non f arm) do.... 1,070 1,430 1,380 New dwelling units.......... do.... 109 127 133 Additions and alterations do.... 664 668 633 Nonresidential building, total £/.,.. do,sss 237 199 190 I ndustr la I .do.... 253 259 277 Commerc la! .... do.... 121 169 160 Farm construction... do.... 398 419 412 Public utility * .......do.... s rj Revised. \J'includes sweetpotatoes and dry-edible beans 2/ Except farm and public utility. 233 247 251 178 231 232 247 252 171 231 232 253 246 174 233 264 278 250 286 85 264 r280 248 286 86 266 282 248 287 85 209.8 211.7 r3,7l4 r2,550 r1,270 1,105 128 r704 r25l r266 139 427 r4,008 r2,730 rl,362 rl,l80 r!42 r759 r261 r290 150 448 241 243 220 266 196 232 240 256 212 435 236 236 206 271 190 222 236 257 171 435 4,207 2,815 1,396 1,210 142 786 268 301 159 462 MONTHLY BUSINESS STATISTICS —Continued 3 1955 I9DO ITEM June July May April June July CONSTRUCTION AND REAL ESTATE - Contlilued New construction (unadjusted) - Continued ,ml1. of dol.. ........do.... .do.... ..do.... 1,170 383 119 449 1,223 384 123 491 986 318 98 350 1,164 337 113 470 1,278 r357 rl27 r535 1,392 New construction (seasonally adjusted), total.. »•«.«...00.... 3,608 2,578 1,420 622 133 390 1,030 364 350 3,598 2,607 1,435 641 133 385 991 342 343 3,658 2,563 1,276 733 127 419 1,095 318 438 r3,686 r2,559 r 1,257 r744 126 423 1,127 327 443 r3,678 r2,555 r1,250 r748 125 423 r1,123 r340 r425 3,699 2,575 1,258 134.5 131.4 96.2 3.1 122.7 121.9 87.7 .8 rill.3 r109.9 r75.3 rl.4 108.0 107.0 75.8 1.0 104.0 102.3 73.6 1.7 501.0 99.1 70.0 1.9 1,371.0 1,318.0 r1,157.0 1,110.0 1,070.0 1,070.0 124.4 125.6 129.3 130.2 130.7 .mi 1. of dol.. 15,734 15,398 15,029 16*257 r16,724 15,467 do.... 3,536 847 3,271 825 3,058 787 3,238 874 r3,363 r92l 3,064 857 do.... .•••••••do.... do.... ...*....do.... 756 434 1,274 3,761 1,117 1,412 833 446 1,134 3,532 1,090 1,514 963 477 1,209 3,786 1,154 1,703 r989 r477 r1,270 r3,980 rl,20l r1,700 785 ........do.... 868 425 1,168 3,591 1,066 1,565 do.... ........do.... ,. do.... do.... do.... do.... 22,840 10,920 11,920 23,190 10,780 12,410 22,730 10,850 11,880 23,370 10,840 12,530 24,880 11,830 13,050 23,880 11,100 12,780 24,450 11,490 12,960 23,900 11,030 12,870 23,520 10,870 12,650 23,840 10,760 13,080 do.... 2,778 2,784 2,729 2,809 2,722 2,914 3,014 3,000 3,167 2,999 .1947-49*100.. do.... 110 115 98 124 113 122 121 122 118 rl24 .mi 1. of dol.. do.... 10,110 3,450 6,660 11,520 6,040 5,480 9,660 3,190 6,470 11,660 5,950 5,710 9,900 3,530 6,370 12,620 6,780 5,840 10,650 3,790 6,860 12,500 6,760 5,740 10,510 3,790 6,710 12,370 6,710 5,660 do.... do.... do.... .do.... 66,696 64,016 7,681 56,335 2,679 67,465 64,994 | 7,704 57,291 2,471 | 66,555 63,990 6,387 57,603 2,564 3/67,846 3/65,238 3/7,146 3/58,092 3/2,608 3/69,430 3/66,503 3/7,876 3/58*627 3/2,927 50,165 16,577 783 2,928 4,083 10,715 2,231 5,937 6,911 50,074 16,477 772 3,032 4,113 | 10,707 2,263 5,988 6,722 50,848 16,769 790 2,853 4,121 10,928 2,278 5,979 7,130 r51,202 rl6,7l5 791 3,040 r4,!38 r10,985 r2,289 r6,04l r7,203 r51,730 r16,791 ! r8l2 r3,260 r4,l82 rll,l06 r2,32l r6,086 r7,!72 p5l,OI7 pl6,3l9 p736 p3,296 p4,127 pi 1,062 p2,349 p6,l40 p6,988 13,078 7,622 94 717 303 469 1,101 12,942 i 7,49! ! 94 710 301 463 1,084 13,114 7,674 84 642 315 478 1,136 r 13,036 r7,6!3 r83 r667 311 r480 r»,H7 r13,077 r7,60! 84 r690 r3l2 r483 rl,!22 p12,574 P7,117 p84 p675 p3l2 p469 p72l do.... ...do.... ».......do.... do.... , do.... ..do.... .do Public utility Public, total. New permanent nonfarm dwelling units started: Unadjusted; Total, privately and publicly owned.thousands.. ,- .do.... 380 137 600 758 125 424 1,124 339 426 Seasonally adjusted at annual rate: do.... Construction cost indexes: Department of Commerce composite.«•••..••*.•• ,1947-49*100.. DOMESTIC TRADE All retai1 stores: Durable-goods stores: Nondurable-goods stores: 467 1,329 3,662 1,249 1,396 Estimated inventories: Firms with II or more stores, estimated sales Department store sales, United States total: p99 pl26 Wholesale trade: do.... Inventories, estimated (unadjusted), total........*..uO.... EMPLOYMENT AND WAGES Labor force (Bureau of the Census): Employees In nonagricultural establishments: 4/ Total, unadjusted (U. S. Department of Labor)........00.... do.... do.... do.... do.... do.... do.... Production workers in manufacturing industries: kl _do Lumber and wood products (except furniture).....,do.... .do.... 3/69,489 3/66,655 3/7,700 3/58,955 3/2,833 r./ Revised. £,/ Preliminary. \J Except farm and public utlIity. 2/ July 1956 figures are advance estimates. 3/ Based on expanded sample. May i956 figures based on former sample, in same order as above fthous.): 67,739; 65,159; 7,160; 57,999; 2,580. 4/ Revised to the first quarter 1955 benchmark; comparable data for July-December 195$' vt11 be found In the July 1956 monthly SURVEY. 4 MONTHLY BUSINESS STATISTICS — Continued S955 ITEM 1956 July EMPLOYMENT AND WAGES - Continued Production workers in manufacturing industries ±/ - Continued Durable-goods industries - Continued Fabricated meta! products 2 / thousands,. 96 Machinery (except electrical) ••••••••do.... Electrical machinery .. .........do.,.. Transportation equipment .. do.... Instruments and related products... do.... April May June 899 1,193 81 i 1,416 225 879 1,171 798 1,388 223 895 1,292 874 1,332 23! r88l r1,281 r672 r 1,295 231 r872 r 1,278 r867 r 1,268 r23l 5,456 1,095 82 975 1,047 452 527 543 177 217 341 5,451 1,158 80 954 1,013 450 524 541 178 214 340 5,440 1,023 79 971 1,068 460 547 569 171 219 332 5,423 1,051 80 963 r1,049 462 r547 r559 172 216 325 r5,476 r1,098 r80 959 ri,050 r467 r549 554 r!74 r209 r335 Nondurabie~goods industrles,.....•* • .do.... Food and kindred products......... ••••..do.... Tobacco manufactures. »••••••••• • .do.... Text! le-rai 11 products............ do.... Apparel and other finished textile products do.... Paper and al lied products.. •••••do.... Printing, publishing, and allied products..........do.... Chemicals and allied products... •....do.... Products of petroleum and coal. ••••••-•• ••do.••• Rubber products.. ..... .•••••••••. .do.... Leather and leather products.. ..............do.... Manufacturing production-worker indexes: Jj Emp loyment: Unadjusted. ..1947-49« 100. • Adjusted. ••••••••••••• •••••••• .do.... PayroI Is, unadjusted. <••••.•••••• do.... Hours and earnings: JJ Average week I y hours per worker, a II manufacturIng..hours.. Durable-goods industries. do.• • • Nondurab le-goods i ndustr ies. do. ... Average weekly earnings, all manufacturing•••..•• .doI lars.. Durable-goods industries. .do.... Nondurab I e-goods 1 ndustr I es •••••••••..•• •••..do.... 105.7 106.3 152.0 104.6 106. I 150.9 106.0 107.1 158.2 r105.4 r!06.9 r157.3 r!05.7 r106.3 r157.8 40.7 41.2 39.9 76.11 81.58 67,83 40.4 40.9 39.8 76.36 82.21 68.06 40.3 41.1 39.2 78.99 85.49 70.17 40.0 40.7 39.1 78.40 84.66 70.38 40.1 r40.8 r39.2 r79.00 r85.27 r70.95 Averao^ hour I y earn I ngs> a 11 manu f actur I ng do. Durab le-goods I ndustr! es. .•••••• do. Ordnance and accessories •••••••••• ...do. Lumber and wood products (except furniture)••••••do. furniture aftd fixtures. •••••••••••••••••.•••do. Stone^ qiay,r«nd gr^ass products •••-••• .do. PrImary m»tal IndtJstries...* do. Fabricated metat j^-oducts 2 / . do. Machinery texcept e l e c t r I c a I ) , .do. E lActrtcat mach I1nery. . . . . . . . . . . . . . . . ..do. Transportation equ ipment. ••••• ••••• .do. I nstruttents^nc: r e l a t e d products do. 1.87 1.98 2.04 1.72 1.61 1.85 2.20 1.96 2.08 1.87 2.19 I.W 1.89 2.01 2.05 1.72 1.60 1.87 2.29 1.99 2.08 1.88 2.23 1.90 1.96 2.08 2.16 1.76 1.67 1.93 2.33 2.04 2.18 1.96 2.26 1.98 1.96 2.08 2.17 1.79 1.67 1.93 2.33 2.04 2.18 1.96 2.26 1.98 rl.97 2.09 2.20 rl.82 1.68 rl.95 2.34 r2.06 2.19 1.97 r2.28 1.99 1.70 1.72 1.40 1.38 1.33 1.83 2.35 2.00 2.36 2.10 1.41 1.71 1.72 1.40 1.37 1.34 1.85 2.35 2.02 2.41 2.09 1.39 i.79 1.85 1.49 U43 1.43 1.90 2.41 2.07 2.54 2.15 1.50 1.80 1.85 1.50 1.44 1.42 1.91 2.42 2.09 2.53 2.16 1.50 1.81 rl.85 1.51 1.43 1.43 rl.93 r2.42 r2.ll r2.55 r2.15 1.50 Nondurable-goods- t ndustr I es .do. Food" and kindred-products. do. Tobacco manufactures,. ............... do. Texti le-mi II products ..do. Apparel and other finished textile products do. Paper arid allied products,. •••••• ...do. Printing, pubiishing, and allied industries. do. Chemicals and allied products....................do. Products of petre4egiif and coa I do. Rubber products. ......... •• .do. Leather and Ieather products. . •••••••do. rj Revised. £ / Preliminary. ±/ See note ±/ on p . 3 . PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL. BUSINESS FIRST CLASS WEEKLY SUPPLEMENT Digitized for SURVEY FRASER OF CURRENT 2/ Except ordnance, machinery, and transportation equipment. BUSINESS
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