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BUSINESS
STATISTICS n
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A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS*

DECEMBER 18,
1970

1 j\ \

i i i

I

L 1

U.S: DEPARTMENT OF "COWIMERCE/OFFICEjOR BUSINESS .ECONOMICS
1957-59 = 100
250

1957-59 = 100
250
RAW

200

STEEL P R O D U C T I O N

(inflets «nd ell ether f.rms)

A

-

A

150

100

200

Mmnthfy

50

t

1—«—1

1

1

1 -I

t

1

1

t

1 • 1

t

1967

1

1

1

t

1

1

t

1

1 1 1 1 1 1 1 1 1 1 1

1968

'

'

•

1969

'

1

'

•

•

•

'

J F M A M J J A S O N D

1970

Data: Amer. Iron I Steel li

Billion $
800

Billion $
900

1957-59 = 100
220

PERSONAL INCOME

TOTAL INDUSTRIAL PRODUCTION

(Seas, adj., at annual rates)

(F.R.I, seas. a d j . index)

BOO

—

700

200

600

180

500

160 r

400

140

1

(left scale)

700

-

-^

f

m§e mnd Smlmry
Disbursements
(right scale)
L*"-"'

600

500

• r

7 ,

•' • • » • •

1967

'' • i

1111111111 1111111 11111 i j - J

1969

1968

^

i i _ L l 1 I 1 1 1 1 1 1..1.1

L l-l_LlJ_l_i_i

1967

1970

Dollars
3.60

Billion $
35
SALES OF RETAIL STORES
(seasonally adjusted)
30

• * i t 11111 i i

t i l l 1,1.1.1,1.U_

1969

1970

1968

3.40

Hours
48

MANUFACTURING HOURS &
EARNINGS

46

(Hours seasonally adjusted)

25

Average Hourly

3.20 h

Nenefurabfe Gmmds

U-~-

I

-^

Data: Federal Reserve Board

Data: U.S. Dept. of Commerce

20

V

^

44

Gress £«rnin§s
(left scale)

42

3.00

15
Durable GeeWs

X
V*v_/%

" H / ^

2.80

10

Average Hmurs Per Week

V*-

40

(right scale)
« • I t i i i t

1967

i i i t i I i i i i

• • i t i I t i i i i

I I I 1 1 I I I l I

1968

1969

1970

Data: U.S. Dept. of Commerce

2.60

• I i i i i i I i i i t i I i i • • i I i • li li 1i 11 l ) i l I

1967
Data: U.S. Dept. of Labor

* Available enly with subscription to the SURVEY O F CURRENT IUSINESS, this Supplement
provide* selected weekly end menthly data subsequent to those published in the latest menthly SURVEY




1968

1969

i i I i i i i i

1970

38

WEEKLY

2

BUSINESS

STATISTICS
1970

1969
Dec. 6

Dec.

5

13

Nov. 21

Nov. 28

1957-59=100.

112.1

112.2

106.6

106.5

106.1

$.
do...

7,706
5,595

8,157
5,898

7,311
5,289

7,282
5,258

7,970
5,886

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.

247
1,277
1,193
199

265
1,339
1,251
173

334
2,192
1,980
221

354
2,420
2,183
235

399

214

190

FINANCE:
Currency in circulation^/
*mil. $.
Federal Reserve bank credit outstanding, total ^/.....do...
Member bank reserve balances 2/
....do...
Excess reserves, estimated _3/..............
...do...

53,064
63,273
27,737
203

53,287
63,654
27,775
291

55,961
65,403
28,812
205

56,040*
65,151
28,403
108

56,355
65,717
28,876
413

56,566
65,604
28,710
138

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...

79,562
46,464
228,438
23,724
78,397
34,191

82,449
46,216
228,545
23,974
78,525
34,050

79,962
47,290
242,721
26,506
79,981
34,041

80,299
47,336
241,598
26,211
79,905
34,061

83,226
47,406
244,485
27,369
80,005
34,044

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

7.97
91.65
101.06

8.05
90.48
99.80

8.64
82.79
90.88

8.62
85.09
93.33

8.51
88.48
97.03

2,083
28,616
181,415
9,424

1,938
28,981
183,641
9,494

2,133
28,870
89,108
10,061

2,079
28,567
82,407
10,068

2,122
28,690
143,555
10,036

156,137

.........thous. sh. tons.
1957-59=100.

2,777
149.1

2,759
148.1

2,363
126.8

2,289
122.9

2,379
127.7

2,424
130.1

bil.

15.3

15.0

15.2

12.5

14.8

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

rail.

PRODUCTION:
Bituminous coal 2/
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate 3/
Steel, raw...
*Index of production

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

RAIL FREIGHT, REVENUE TON-MILES
1/ Data do not always cover calendar weeks.

1} Tuesday price.

MONTHLY

Dec.

_3_/ Daily average.

BUSINESS

105.6

8.46
98.24

_4/ Wednesday data.

STATISTICS
1970

1969
III

II

GENERAL BUSINESS INDICATORS
NATIONAL INCOME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCOME, TOTAL
bil. $
Compensation of employees, total.................. do.•
Proprietors' income, total
do..
Rental income of persons
.....do..
Corp. profits and inventory valuation adj., total.do..
Corporate profits before tax, total
do..
Corporate profits tax liability
do..
Corporate profits after tax.
..do*.
Inventory valuation adjustment.
...do..
Net interest.
...do..,

749.3
544.9
66.0
21.6
87.1
93.0
43.5
49.5
-5.9
29.7

764.0
557.5
66.7
22.0
87.4
93.4
43.8
49.7
-6.0
30.4

779.5
572.2
67.5
22.1
86.8
89.9
42.1
47.9
-3.2
31.0

791.5
592.2
67.6
22.5
76.7
82.6
38.0
44.6
-5.8
32.4

1969

r / Revised.
2409




r806.6
603.8
67.8
22.7
r78.4
r84.4
r38.9
45.4
-5.9
33.8

1970
Nov.

PERSONAL INCOME BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income.......
.......bil. $.
Wage and salary disbursements, total
do...
Commodity-producing industries, total.....
do...
Manufacturing
do...
Distributive industries
do...
Service industries.
.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
do....
Less personal contributions for soc. insurance....do....
Total nonagricultural income
do....

797.4
596.4
67.8
22.6
77.5
82.0
38.1
43.9
-4.5
33.1

Aug.

Sept.

766.7
522.7
201.8
160.9
123.1
90.0
107.7
28.3

770.6
525.2
201.9
160.0
124.1
91.0
108.1
28.5

806.4
543.2
202.0
159.6
129.7
97.3
114.2
30.8

811.9
546.6
201.5
159.5
130.2
97.9
117.0
31.1

r8l0.0
r541.8
rl96.8
154.3
rl30.6
r98.8
rll5.6
31.3

812.4
543.6
196.8
153.9
130.8
99.9
116.1
31.5

50.8
16.7
22.2
25.2
61.2
66.3
26.7
744.1

50.5
16.6
22.3
25.3
62.0
66.9
26.7
747.9

51.7
16.1
22.7
25.3
66.0
78.6
28.0
784.0

51.8
16.0
22.8
25.5
66.8
79.6
28.2
789.7

51.9
15.9
22.8
r25.6
67.0
r81.7
28.0
r787.9

52.0
15.7
22.9
25.7
67.2
81.9
28.1
790.5

MONTHLY

BUSINESS STATISTICS—Continued

3

1969

1970
Aug.

Sept*

Oct.

GENERAL BUSINESS INDICATORS — Con,
INDUSTRIAL PRODUCTION (F.R. INDEX OF QUANTITY OUTPUT):
SEASONALLY ADJ., TOTAL INDEX (INCL. UTIL.)
1957-59=100.
BY INDUSTRY GROUPINGS:
MANUFACTURING, TOTAL
do..,
Durable manufactures.
....do..
Primary metals.
....do..
Fabricated metal products
do..
Machinery
.do..

173.1

171.4

rl68.8

rl65.8

rl62.4

173.9
177.3
150.4
179.4
199.0

171.8
172.1
150.3
179.2
187.4

rl67.7
rl66.7
rl45.6
rl71.9
190.3

rl63.7
rl60.4
rl42.4
rl69.1
rl86.4

rl59.5
rl53.5
rl34.8
rl63.5
rl87.9

Transportation equipment
do*.
Instruments and related products...............do..
Clay, glass, and stone products
do..
Lumber and products
do*.
Furniture and fixtures.....
........do..

175.7
193.9
156.3
113.8
184.0

168.3
196.0
155.9
114.1
183.7

156.7
183.3
rl50.1
114.2
172*9

rl39.0
rl81.8
rl48.9
108.2
rl71.7

rl21.7
rl81.6
148.0

Nondurable manufactures
....do..
Textile mill products....
.do*.
Apparel products...........*....*.•.•*...*••*.*do*•
Leather and products...
.......do..
Paper and products.
..........**.........do.•
Printing and publishing
do..

169.5
152.1
146.5
101.1
177.1
156.9

171.5
151*9
148.0
102.7
175.9
159.1

rl69.0
rl46.1
140.9
93.6
rl72.9
154.3

rl67.7
rl45.3
rl40.7
94.6
rl65.8
rl51.5

rl67.1
145.7
140.5

238.3
146.7
238.6
138.0
113.8

240.8
150.9
240.2
141.0
116.2

239.8
147.5
r236.9
rl41.6
121.8

r240.9
rl50.3
220.0
rl42.5
122.9

240.3
151.6

do. .
do..
do*.
do..

130.2
115.7
130.7
141*1

132.6
118.9
131.2
153.3

rl37.1
128.5
rl35.1
rl52.3

rl38.9
rl27.9
rl38.2
rl44.5

r!39.9
rl28.1
rl38.9
148.4

do..
do..

226.0
238.5

226.0
238.3

235.8
248.6

r234.2
257.1

r241.5

do..
.............do*.
.......do*.
do. •
do..
do..

170.9
161.2
176.8
172.8
164.0
184.4

168.4
160.5
167.2
168.0
153.8
186.7

r!66.5
rl63.5
177.0
167.5
163.3
173.1

rl63*0
rl60.1
160.0
rl33.2
108.5
rl65.7

rl59.7
rl57.0
150.0
rl09.4
r76.5
152.8

Apparel and staples..*.
.do..
Equipment, including defense.........
**
.do..
Business equipment..........*...*........•.--•***••do..
Materials
do..
Durable goods materials........
........do.*
Nondurable materials...*•
do*.

156.2
191.9
200.9
175.4
165.8
185.3

158.3
185.6
194.4
174.6
163.5
186.0

rl59.2
rl73.0
rl85.9
171.2
rl57.4
rl85.4

160.1
rl69.6
rl82.3
rl69.0
152.3
rl86.2

rl65.4
178.4
rl65.2
rl45.0
rl86.1

Oct.

July

Aug.

815
90
145
136
350
94

916
126
123
191
398
78

910
131
160
157
382
80

906
111
118
199
391
87

116,443
13,696
21,151
28,532
34,647
18,417
39.5

251,920
29,155
29,049
144,516
30,134
19,066
46.8

169,587
63,931
15,169
44,034
27,434
19,019
47.4

232,940
55,678
15,044
91,431
54,970
15,817
50.0

Chemicals and products
Petroleum products...
Rubber and plastics products.
Foods and beverages...
Tobacco products

do..
..........do..
*do..
.do..
•
..do*.

MINING
Coal
Crude oil and natural gas
Metal mining*
,
UTILITIES
Electric
BY MARKET GROUPINGS:
Final products, total
Consumer goods...*.
Automotive and home goods
Automotive products
Autos
Auto parts and allied products.

1969
Sept.
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..*
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.

726
90
124
110
338
64
73,698
9,416
10,173
18,412
24,016
11,681
39.9

rl72.8

167.0
150.1

139.9

1970
Sept.

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 s e r v i c e s t a t i o n s
General merchandise group with n o n s t o r e s
r_/ Revised.
2409

2/

Preliminary.




mil. $,
..do..,
do..,
do..,
do..,

28,583
9,364
5,481
1,401
1,279

30
10
6
1
1

645
055
088
434
309

31,143
9,959
5,860
1,395
1,381

30,404
9,229
5,178
1,392
1,365

r29,739
r9,039
r4,986
rl,377
rl,319

31,
9
5
1
1

do..,
do..,
do..,
do*.
..do..
do..
do..,

19,219
1,642
969
2,199
6,125
2,060
4,669

20 ,590
1 ,747
986
2 ,255
6 ,593
2 ,119
5 ,107

21,184
1,500
1,031
2,554
7,112
2,414
4,790

21,175
1,625
1,047
2,612
6,859
2,275
5,060

r20,700
rl,653
rl,047
r2,431
r6,665
r2,141
r5,046

22 ,298
1 ,817
1 ,080
2 ,454
7 ,257
2 ,215
5 ,505

I

794
496
257
472
356

4

MONTHLY BUSINESS STATISTICS—Continued
1969

DOMESTIC TRADE —

1970

Sept.

Oct.

29,259
9,384
5,665
1,364
1,190
19,875
1,676
1,019
2,173
6,326
2,089
4,864
43,370
43,897

July

Aug.

29,620
9,354
5,638
1,358
1,173
20,266
1,719
1,007
2,219
6,450
2,090
5,000

30,729
9,487
5,544
1,395
1,221
21,242
1,704
1,055
2,299
6,751
2,237
5,246

30,781
9,503
5,522
1,399
1,236
21,278
1,715
1,071
2,347
6,814
2,156
5,187

r30,885
r9,556
r5,652
rl,345
rl,237
r21,329
rl,650
rl,10l
r2,374
r6,870
r2,165
r5,248

30,484
8,888
4,909
1,397
1,222
21,596
1,744
1,091
2,376
6,887
2,191
5,345

44,882
44,411

44,819
44,965

43,927
45,453

44,659
45,691

45,347
44,883

Aug.

Sept.

Sept.

Con.

RETAIL TRADE, ALL RETAIL STORES — Con.
ESTIMATED SALES (SEAS. ADJ.), TOTAL
mil. $.
Durable goods stores..------..........................do.••
Automotive group......
......do...
Furniture and appliance group.......................do...
Lumber, building, hardware group....................do**Nondurable goods stores.
..do...
Apparel group..
............do...
Drug and proprietary stores
do...
Eating and drinking places...........
....do...
Food group
do...
Gasoline service stations...........
..do...
General merchandise group with nonstores..
....do...
ESTIMATED RETAIL INVENTORIES:
Unadjusted, total
do...
Ad j us ted, total
•
......do...

1969
Oct.

1970
Nov.

Nov.

2/

LABOR FORCE, EMPLOYMENT, AND EARNINGS
HOUR (GROSS), AVG. WEEKLY PER PROD. WORKER (MFG. PAYROLLS):
Manufacturing, seasonally adjusted
hours.
Overtime hours
do...
Durable goods.
..........do...
Overtime hours.......••••••.••..••••....•.•.•.•..•.•do...
Nondurable goods...
do...
Overtime hours.
....••••.•••.....do...
HOURLY EARNINGS (GROSS), AVG. PER PROD. WORKER ON PAYROLLS:
Manufacturing, not seasonally adjusted.
.dollars.
Excluding overtime..................................do.••
Durable goods.
do...
Excluding overtime
do...
Nondurable goods......•••..••...
....do...
Excluding overtime
do...
rj R e v i s e d . 2/
USCOMM—DC—2409

40.5
3.5
41.2
3.6
39.6
3.3

40.5
3.5
41.1
3.5
39.6
3.3

39.8
3.0
40.3
2.9
39.1
3.0

39.3
r2.8
39.8
2.7
38.6
2.8

39.4
2.7
r39.9
r2.6
38.9
r2.8

39.5
2.5
40.0
2.3
38.8
2.7

3.37
3.25
3.58
3.46
3.08
2.97

3.42
3.29
r3.63
3.49
3.14
3.02

3.38
3.26
3.57
r3.45
r3.13
3.01

3.39
3.28
3.58
3.47
3.15
3.04

Preliminary.

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

First-Class Mail

WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS



POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE