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August 19, 1960 SURVEY OF CURRENT BUSINESS BUSINESS r EEi STATISTICS E SURVEY OF CURRENT BUSINESS Available only with subscription to t h e SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent t o those published In t h e latest monthly SURVEY SELECTED BUSINESS INDICATORS BsS l i o n Dollars B i l l too Do! l a r s 450 SALES OF RETAIL STORES PERSONAL INCOME (seasonally adjusted, at annual rates) 400 Totes! 35© \ ' (seasonally adjusted) • Total • u b Nondurable 300 h Good§ Wage and Salary Disbursement® 250 200 b^c/^© 1957 -* UJJJJJJ I^JJJULiJLiJJLLLiJJ,} i h l t l l l l l L l l l l l l l l l UJJ-jJ-J-U-LL 1958 1959 I960 -LLLLI i I I I I I 1957 1958 I l l I I I l i i i 1959 i I I | I I i I LLi I960 Data for June, July, and August Include retroactive salary payments, to Federal employees. Index, 1947-49= 100 160 WHOLESALE PRICES Index, 1957= 100 1-40 TOTAL INDUSTRIAL PRODUCTION ' (F. R„ B. seas. adj. index) 120 h 140 Commodities other than Farm Products and Foods #^#>@#-®-#@-®j<&®<®-®- @ ^® 100 80 80 120 h 100 I J J J U J a X L i J . X U J J - L U O J J . JJJ.AJJJJLJJLL JLA.LJJJXUJJL 1958 1957 1959 S957 MANUFACTURING EMPLOYMENT PAYROLLS (production workers) 2.20 ^ Payrolls J 125 Hours 56 H 52 Average Hourly Gross Earnings (left scale) » 100 1 f Mill 44 Hours Per Week (right scale) J I l l Il 1 I960 48 2.00 Average Employment 75 JLULU.J 1 1 1 L i JULJJjJLiJUJJ™. _l_U_I_lJ_U..I 1958 1957 1959 I960 2.40 r \ S959 MANUFACTURING HOURS i t EARNINGS b ^ S958 Dollars 2.60 .175 150 1 i i i i i Ii i t i i i i i i i i Ii i i i i Ii i i i i Ii i i i i Iii i i i I i i i i i I960 Index, 1 9 4 7 - 4 9 = 100 200 80 4© f . 6 0 U U J J J J ( 1 1 I I M M I I 1 I I I M I f I I 1 1 1 I I M, I 1 1 I 1 H I I I 1 U j 1957 1958 1959 I960 36 WEEKLY BUSINESS STATISTICS1 2 1960 1959 ITEM Aug. 8 Aug. 15 July 23 Aug. 6 July 30 Aug. 13 Commodity prices, wholesale: 119.4 87.2 107.9 128.3 85*7 128 119.4 87. S 107.8 128,3 85.5 269 308 32,04$ 28,065 18,552 468 32,044 28,165 18,593 493 32,129 28,246 18,509 59,258 35,29! 104,193 27,428 31,162 12,538 59,966 31,364 104,723 27,324 30,981 12,520 59,303 31,428 105,1!! 27,062 31,104 12,510 4.70 59.25 63.55 4.73 55.61 58.90 4.69 54.17 57.40 4.67 54.72 58.03 1,129 13,675 119,462 6,733 !,200 13,648 83,656 6,766 1,32! 14,425 133,396 6,855 1,372 14,746 129,435 6,821 1,307 14,709 118,052 6,837 318 #11.2 532 282 335 #11.8 544 291 1,550 54.4 620 293 1,520 53.3 614 292 1,537 53.9 594 285 1947-49*=! 00.. 86 # 8 131 1,450 1,301 274 *U9.I *S7.1 * 105.8 * 128.4 86.3 132 1,451 1,301 269 120 1,815 1,674 259 ***9*85*3 122 1,780 1,639 293 31,922 28,399 !8,696 400 32,071 28,473 18,622 542 32,199 28,437 18,762 522 61,218 30,759 103,737 29,646 28,688 12,264 61,047 30,747 103,398 29,196 28,759 12,302 4.70 60.30 64.85 ••••••.do.•«. , Farm products*«••••••••••*..,••••••••••« •••••••do»»«« • .......do.... •••••.thous.. State programs (incl. Alaska and Hawaii).. Finance: ni 1. of dol.. Federal Reserve bank credit outstanding, total 4/....do..,. do.... do.... Reporting member banks (of F.R.System) in lead Ing citles:5/ tii 1. of do!., • • • • ..do.... Loans and investments (adjusted), total. .......do.... Commercial and industrial loans (gross)... • * . . . * a O O . . . . do.... Bond yields, domestic corporate (Moody's) ,4/.. Stock prices, 500 stocks (Stand, & Poor's) j>/a.1941-43=10.. 499 eeeeas.es 4.64 56.07 59.55 Production: Electric power, by utilities . of short tons.. .mi 1. of kw.-hr.. . ,thous. of bbl.. . of short tons.. .thous. of cars.., Ho 97,770 1,525 53.5 J_/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ | nc | u des data for Alaska and Hawaii, and for the following programs: State; R.R.; Federal employees; and ex-servicemen. 4/ Daily average. J5/ Wednesday data. _6/ Estimates for week beginning August 15, I960: Production, 1,589 thous. short tons; operating rate, 55.8 percent. * Monthly index for August 1959. # Based on Jan. I, 1959, annual capacity (147,633,670 tons); I960 rates are based on Jan. I, I960, annual capacity (148,570,970 tons), MONTHLY BUSINESS STATISTICS I960 1959 ITEM July Apri I May June GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT: SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES: NATIONAL INCOME, TOTAL ....bil. of dol Compensation of employees, total ....do.. Wages and salaries, total ..do.. Private ,.ee. do.. eee5ese Mi litary........ do.. Government civi I ian. .......do.. Supplements to wages and salaries...... Proprietors' income, total Business and professional Farm , ,....,...,... Renta I i ncome of persons ..do,. do.. ...do,. .do.. . do.. Corp. profits and inventory valuation adj., total.do.. Corporate profits before tax, total „ do,, Corporate profits tax I iabi I ity. .......do.. Corporate profits after tax. do.. Inventory valuation adjustment , ...do.. Net interest... do.. GROSS NATIONAL PRODUCT, TOTAL Persona I consumpt i on expend i tures, tota I Durab le goods Nondurab I e goods Servi ces do.. do.. do.. do.. do.. Gross private domestic investment, total..........do.. New construct ion do.. Producers' durab I e equi pment. .do.. Change in business inventories do.. Net exports of goods and services........... do,. Exports do.. ! mports do.. Digitized for r/ FRASER Revised. * Data are for the 1st quarter I960, http://fraser.stlouisfed.org/ 9121 Federal Reserve Bank of St. Louis 405.4 279.7 260.1 214.9 9.9 35.3 *414.4 *290.2 *268.7 *222.I *9.9 *36,7 295.0 273.1 225.5 10.0 37.6 19.6 46.8 34.8 12.0 12.4 *2i,5 *46.0 *35.4 *I0.6 *12.5 21.9 48.1 36.0 12.1 12.5 50.4 51.7 25,5 26.2 -1.3 16.2 *48.0 *48.8 *23.8 *25.0 *-,8 *17.8 18.5 487.9 313.6 44.4 147.7 121.4 *50i.3 *323.3 *44.2 *I50.5 * 128.6 505,0 329.0 44.5 153.5 130.9 78.9 41.3 26.1 11.5 -2.2 22.2 24.4 *79.3 *40.8 *27.i •*ir.4 *J.2 *25.2 *23.9 75.5 40, 29, 5, 2. 26, 24, July MONTHLY BUSINESS STATISTICS —Continued 3 i960 ITEM Apri I July June May GENERAL BUSINESS INDICATORS - Continued National income and product - continued Seasonally adjusted quarterly totals at annual rates - con. Gross national product - continued Government purchases of goods and services, total..... ••••••' .bil. of doi.. Federal (less Government sales) ......••..do.... NationaI defense ••..•••••••••• .do.... State and local..... do.... Personal income, quarterly total.... ........do.... Less: Personal tax and nontax payments........ do.... Equals: Disposable personal income do.... Personal saving ..do.... PERSONAL INCOME, BY SOURCE, SEASONALLY ADJ., AT ANNUAL RATES: Total personal income bil. of d o l # . Wage and salary disbursements, total...... do.... Commod ity-produc i ng i ndustries do.... Manufacturing only do.... D i str ibut i ve i ndustr i es. do.... Service industri es...... ....do.,.. Government .. .do.... Other labor income..... .....do.... Proprietors* income: Business and professional.. ...do.... Farm .do.... Rental income of persons... do.... Dividends. ....„...« .do.... Personal interest income ..do.... Transfer payments.••••••••••••••••••••• ••••9do#... Less personal contributions tor social insurance....do.... Total nonagricultural income *.... doe8ee INDUSTRIAL PRODUCTION (F 8 R 8 INDEX OF PHYSICAL VOLUME): SEASONALLY ADJUSTED, TOTAL INDEX (INCL. UTIL.) 1957=100.. BY INDUSTRY: MAMUFACTURlNG, TOTAL do Durab le manufactures * do.... Pr imary metaIs...... do.... Iron and steel do.... Fabricated metal products.....................do.... Mach i ner y do.... None I ectr i ca I mach i ner y do.... Electrical machinery.. do.... Transportation equipment. ...do.... Motor vehicles and parts do.... Aircraft and other equipment do.... Instruments and related products,.............do.... Clay, glass, and stone products...............do.... Lumber and products......... ....do.... Furniture and fixtures .do.... Nondurable manufactures. Textile mill products AppareI products Leather and products.... Paper and products Printing and publishing .do.... do.... do.... ..do.... ...do.... .....do.... Chemicals and products do.... PetroIeum products. do.... Rubber and plastics products do.... Foods and beverages.................... .do.... Tobacco products .. do.... MINING ...do.... Coa I do.. •. Crude oil and natural gas ....do.... Metal mi n ing. ...do.... UTILITIES.... .......do EI ectr ic do.... Gas .do.... BY MARKET GROUPING: FINAL PRODUCTS, TOTAL ....do Consumer goods .do.... Automotive and home goods... ...........do.... Automoti ve products. do.... Home goods do.... Apparel and staples do.... Equipment, including defense....... .....do.... MATERIALS do Durable goods materials.. do.... Nondurab le mater i a Is. do.... *97.5 *5I.8 *44,9 *45.7 *396.2 *49.2 *347.0 *23.7 97.7 53.7 46.4 44.0 384.5 46.2 338.3 24.8 98,6 51.7 44.7 46.9 404.2 50.0 354.1 25.2 386.8 262.1 I 10.5 87.6 68.9 37.4 45.4 10.1 386.9 261.5 109.3 86.9 69.0 37.8 45.4 10.2 401.9 271.7 112. I 88.6 71.8 40.5 47.3 10.8 404.7 273.6 I 13.3 89.5 72.0 40.7 47.6 10.9 r406.I r274.0 r112.9 r89.2 72.2 41.1 r47.8 II.0 35.0 12.0 12.4 13.3 23.2 26.6 7.9 371.0 35. 12. 12. 13. 23. 268 7, 371, 35. II. 12. 13, 26. 28, 9, 385. 36.0 12.1 12.5 13.9 26.5 28.4 9.3 388.3 r36.2 12.5 12.5 13.9 26.8 r28s5 9.3 r389s3 108 109 no 109 110 110 118 119 112 107 104 110 108 105 81 71 III 108 105 113 no 105 113 96 114 116 112 117 106 114 96 115 118 117 120 110 rl05 87 r83 109 rl08 r!04 rl 14 rl02 120 r83 rl20 rl 14 III 123 III 119 122 107 110 104 113 121 122 111 114 106 109 106 99 100 104 107 102 114 102 115 89 117 110 114 122 113 110 127 99 113 109 r!27 104 113 rill 116 108 117 106 103 98 83 100 95 116 117 115 117 108 128 105 117 94 71 99 73 116 118 113 122 107 r!I5 108 116 98 87 r97 106 124 122 123 107 117 109 115 r97 86 r96 r!03 123 121 108 III 115 113 117 110 102 110 112 109 109 112 118 116 119 III 104 106 103 109 ill 115 117 117 117 114 102 108 105 rill 113 117 rl2l 121 r!2l 115 105 rl08 105 rl II 18,708 6,826 3,880 978 1,138 18,332 6,419 3,579 916 1,135 19,200 6,369 3,755 838 r18,548 r6,4!4 r3,688 r875 r1,055 110 107 94 92 108 109 104 116 106 120 r92 rl20 III III 124 115 113 r! 16 115 127 """il2 rl 12 126 rllO "* e w io9 "* r96 77 r97 97 rI25 r!23 112 rll6 rl 19 r!2l 118 rl 15 r!04 rl07 rl02 r I 13 DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED), TOTAL 1/, 2 / Durab le goods stores. Automotive group Furniture and appliance group. Lumber, building, hardware group mil. of dol.. do.... ...do.... do.... ....do.... rj Revised, JD./ Preliminary. * Data are for the 1st quarter I960. data for Alaska and Hawaii are included. http://fraser.stlouisfed.org/ 9121 Federal Reserve Bank of St. Louis 996 J./ Data for July I960 are advance estimates. r!8,99| r6,639 r3,7l6 r936 1,129 2 / Beginning January I960, MONTHLY BUSINESS STATISTICS — Continued 1959 ITEM June July Apr! I July May DOMESTIC TRADE - Continued Retail trade, all retail stores - continued Estimated sales (unadjusted) J/, 2/ - continued Nondurable goods stores s s ... o s s o .. s o o .. s o s o .mi1„ of dot, AppareI groups •••••••••••o...oo..o....oa......... do es, Drug and proprietary stores c o o o o t l o o ( ! o a o.o»o 0 o 00 .odo 00 , Eating and drinking p l a c e s 8 o s a e a . e o a o o e . . . o e E 9 . . . d o . . , Food group. Bseeaffleso « aoe o eees «» eso o eS o<» e «.« 00 <» e0 o • .do.., Gasoline service s t a t i o n s ^ o . ^ ^ ^ o o o ^ o o . o . c . d o a , , Genera I merchand 1 se group ooo e o6 0 0 o a a«.ooo 0 0 e o e o 0 0 o do,., 11,882 1*077 582 1,372 4,271 1,450 1,879 11,913 -925 579 1,457 4,481 1,516 1,701 12,831 1,348 607 1^304 4,601 1,457 2,080 rl2,134 r1,072 r6i I r1,377 r4,379 r1,489 r1,846 r12,352 r1,099 r607 rt,417 r4,530 r1,533 r1,899 12,339 953 606 1,462 4,782 1,605 1,698 ESTIMATED SALES CSEAS S A D J e ) , TOTAL J,/, 2/............do.., Durable goods 5tores 8 6 8 .„„o 0 „ e . 0 ,o„o».c 6 . 9 »»o 6 . 9 ..(lo, 8 : AutomotIve group•••••••••••••..•..••.••••••••••••do.., Furniture and appliance group...o...o....«....o..do.., Lumber, building, hardware g r o u p o ^ o ^ ^ . o o o . o e ^ d o , , , 18,189 6,162 3,476 936 991 18,296 6,160 3,454 929 1,009 18,911 6,303 3,582 926 999 r18,480 r6,080 r3,375 r9!8 r989 rl8,576 r6,0ll 3,336 898 986 18,313 5,825 Nondurable goods stores.••••••..••••.....••o.. .....do.., 12,027 1,100 596 1,312 4,300 1,388 1,961 12,136 1,134 592 1,324 4,289 1,404 2,030 12,608 1,168 623 1,380 4,439 S,496 2,123 r12,400 rl,H7 r6!9 r1,342 r4,566 rf,45S r.1,936 r12,565 1,141 623 12,488 71,324 7!,338 69,819 70,667 73,002 72,706 67,342 7,231 60,I I I 3,982 67,594 6,825 60,769 3,744 66,159 5,393 60,765 3,660 67,208 5,837 61,371 3,459 68,579 6,856 61,722 4,423 68,689 6,885 61,805 4,017 52,580 16,455 713 2,986 3,944 11,352 2,442 6,623 8,065 52,343 16,410 710 3,035 3,949 11,324 2,475 6,603 7,837 52,844 16,380 677 2,590 3,917 11,620 2,463 6,644 8,553 r52,957 r16,348 r677 r2,830 r3,924 r11,543 r2,469 r6,7!7 r8,449 r53,284 rS6,4!4 r6,746 r8,405 p52,9IO p16,249 p656 p3,102 p3,933 pi 1,586 p2,527 p6,72l p8,i36 1,867.5 140.4 1,229.8 109.8 878.2 183.1 283.5 8.5 896.8 177.9 310.0 10.5 355.0 78.9 134.5. 3.8 1,948.3 153.3 1,261.4 109.3 896.7 184.6 310.9 9.0 79.3 164.5 62.0 50.3 200.0 IN.3 17.7 200.8 III.4 20.6 55.5 2.6 103.2 1.0 23.7 89.7 178.6 65.5 56.7 201.7 J06el 18.0 56.3 Appare8 group&^Baa^B&e,ea0Baa0oe!OOoooaee,o0aoO^oa^Bdo.., Drug and proprietary stores 0 0 ooo 0 „ 0 »o.» B o.ooc» s ,do e e , Eating and drinking p laces e o o o o o e «, s , o o e o o s o e e e ( > s » e a do s e i FOOd g r O U p 0 . e . . e « o o . . . » . . . o o . © o o o o . e . B . o « . . o o o o o . «.dOs . , Gasoline service stations. oss>e,o 0 . 0 ,,o,.».».»o„«io 9 0 , General merchandise group.. 0 o 0 oo ooo Q Q a0 oo e oooo®. e d o e o EMPLOYMENT AND WAGES CIVILIAN LABOR FORCE,, TOTAL 2/. .... sa o 0 .......... .thousands, E M P L O Y E D * . . . . . . . . . . . . . . . . . . . . . . . o . . . . o o a o o . . • a . . . . . . «d © . . Agr icuIturaI empfoyment. «,. 0 *. 0 . o . o . o o o <, o ° ° o « e o «> <> s ..do.. Nonagr icu Itura I employment. . Q.. .........* *.. e.... • .do.. UNEMPLOYED...........................................do.. EMPLOYEES IN NONAGRICULTURAL ESTABLISHMENTS, UNADJUSTED: TOTAL .(EXCL. ALASKA AND HAWAII). ao „..... BB ,....othousands, Manufactur i ng B 0<>.0«oo.«»o.*...oQo...o88»<..o0»oo.eo .do.„ Mini ng „...«........................................• .do.. Contract construction,*.............................do.. Transportation and public utiIities................do.. Wholesale and retail trade 8 , 8 . 6 .. 8 6 0 S ,... 8 i ,. 9 . B ....do,, Finance, Insurance, and real estate ...,, 8 .,.,do, 8 Service and miscellaneous „.„., ..., 0 do., Government ..do.. 1,358 4,617 1,470 1,982 r679 r2,983 r3,942 r I 1,620 r2,495 FINANCE STOCKS, CASH DIVIDEND PAYMENTS PUBLICLY REPORTED: TOTAL DIVIDEND PAYMENTS................... mil. of dol F i nance. •.••••••••••••••••'•• do.. Manuf actur ing do.. e Mining..........••••••••.•••...•...................do.. Pub Iic uti lities: Communications.. eo .. eo .o efflssea ,..oo. 0 . e a.. 8 .. ea .».do es Electric and gas ....do., Ra11road•••••••..•••.•••..•••.••••••.•••.•••...••..do.. Trade ee ®........ ••.•••...•••.••••••••...•».••.•••• .do. „ xj Revised. \J Data for July I960 are advance estimates, USC0MM-DC-9I2I PENALTY FOR PRIVATE USE T O A V O I D UNITED STATES GOVERNMENT PRINTING OFFICE PAYMENT OF POSTAGE, $300 DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT OF CURRENT Digitized forSURVEY FRASER 66.3 2/ Beginning January I960, data for Alaska and Hawaii are included. BUSINESS
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