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r

WEEKLY
BUSINESS
STATISTICS

- x

v ^ /

December 29, 1978

Annual Subscription: domestic, $15.00; foreign,
$18.75 (no single copies sold). Order from
Superintendent of Documents, U.S. Government
Printing Office. Washington, D.C. 20402.

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
INDEX, 1941-43=10
140 r
1 PRICES OF 400 INDUSTRIAL STOCKS
130 !-

INDEX, 1941-43=10
140

120 i-

1975

1976

Data: Stand. & Poor's Corp.

1977

1978

J

F M A M J

INDEX, 1967=100

J A S O N D

INDEX, 1967=1

I ELECTRIC POWER PRODUCTION

Weekly

Monthly

200 J— (E-E.l. seas. adj. index)

190
1801-

/ !i \

1

!

170 [1

/

A

/

x

6

0

I

"

/

\
\ \y

r^x

/

\

0

J^ '
-

-

j
1977

Data: Edison Electric Inst.

1,700

>

V

1

150 I—i i i i i 1 i i i i i ! i i i l_j 1 i i i i i, i
1975
1976

BILLIONS OF DOLLARS
1,800
PERSONAL INCOME

>v

i i i i i 1i i i i i !
1978

J

F M A M J

J A S O N D

BILLIONS OF DOLLARS
1,400

_ (seas, adj., at annual rates)

1,600 —
1,500
1,400

Total

(left scale)

1,300
1,200

..

-

-

——~

Wage and Salary
Disbursements

(right scale)

1,100 I.I i i I.LI.I i i i. ,1-1 I I I 1 I.I I i.i i i I_I i 1 I.I i i i i i i i i 1 i i i I.I
1977
1975
1976
1978
Data: U.S. Dept of Commerce

1975

i: U.S. Dept. of Labor

1976

WEEKLY BUSINESS S T A T I S T I C S updates selected data that are published monthly
in the SURVEY OF C U R R E N T BUSINESS.



1977

1978

WEEKLY BUSINESS STATISTICS1

2

1977

ITEM

1978

Dec. 17

Dec. 24

1967=100.
do...
do...

213.1
215.1
211.6

212.8
215.2
211.1

250.4
248.2
251.8

251.5
249.1
253.0

249.9
247.7
251.3

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.

413
3,153
2,572
136

451
3,150
2,586
151

428
2,363
2,220

428
2,467
2,319

390

128

147
e/112,846
~ 125,789
41,137
-4

SPOT MARKET PRICES, 22 COMMODITIES 2/
9 Foodstuffs
13 Raw industrials

Dec. 2

111

Dec. 9

Dec. 16

FINANCE:
Currency in circulation 3/
mil. $.
Federal Reserve bank credit outstanding, total V
do...
Member bank reserve balances V
do...
Excess reserves, estimated 3/
do...
Assets and liabilities of large commercial banks: 4/
Demand deposits
do...
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...

102,556
112,574
36,275
313

102,941
116,633
36,630
201

130,701
41,392
40

112,063
129,498
41,483
106

117,604
92,006
436,182
46,530
123,908
73,655

118,347
91,761
437,455
46,381
125,567
73,935

114,248
90,044
477,585
41,317
146,573
88,929

115,529
89,998
481,133
41,047
140,855
89,044

Bond yields, domestic corporate (Moody's) 3/
oercent.
Stock prices, 500 stocks (Stand. & Poor's) 4/..1941-43=10.
Industrial. 400 stocks
do...

8.53
94.03
103.42

8.57
93.05
102.39

9.39
93.75
104.01

9.*0
97.49
108.34

9.44
96.06
106.65

111,882

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

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

5,285
42,338
200,014
8,538

5,515
41.401
182,635
8,538

16,235
43,052
206,224
8,806

15,595
44,086
192,120
8,806

14,200
46,238
210,826
8,806

Steel, raw
Rate of capability utilization 5/

thous. sh. tons.
percent.

2,262

74.6

2,295
75.7

2,700
88.7

2,705
88.9

2,712
89.1

bil.

14.6

14.0

18.8

18.1

17.8

RAIL FREIGHT, REVENUE TON-MILES

1/ Data do not always cover calendar weeks. 2/ Tuesday price. 3/ Daily average. 4/ Wednesday data. 5/ Capability for a full order
book based on current availability of raw materials, fuels, supplies, and industry facilities, e/ Estimated.

MONTHLY BUSINESS STATISTICS
1977

ITEM
II

1978

III

IV

II

III r/

1,867.0
1,188.6
175.6
81.2
69.9

1,916,.8
1,214 .5
177,.4
79 .5
72,.0

1,958.1
1 ,255.2
187.2
84.0
75.3

1,992.0
1,276.7
183.5
84.1
72.1

2,087.,5
1,322..9
197.,8
92.,5
76.,5

2,136.1
1,356.9
199.5
89.8
78.9

473.6
79.3
244.5
46.2

479,.7
81..4
246.4
46.0

496.9
86.7
252.6
47.5

501.4
82.9
257.7
48.3

519..3
87..5
267.,8
49.,1

531.7
90.5
272.0
51.5

539.4
78.0
182.1
43.5

557..5
83..7
186,.9
45.0

571.1
84.6
192.0
47.3

591.8
89.6
198.1
49.7

605.8
88.,9
204.,1
52.,1

625.8
92.6
210.1
53.7

295.6
278.6
187.2
91.4
17.0

309..7
287.8
193..5
94..3
21..9

313.5
300.5
200.3
100.2
13.1

322.7
306.0
205.6
100.3
16.7

345.4
325.3
220.,1
105.3
20.1

350.1
336.5
227.5
109.0
13.6

....do....

-5.9
178.1
184.0

-7.,0
180.8
187.8

-23.2
172.1
195.2

-24.1
181.7
205.8

-5.,5
205.4
210.9

-10.7
210.1
220.8

Gov't purchase of goods and services, total.. ....do....
Federal
National defense
State and local

388.8
142.9
93.7
245.9

399..5
146.8
94.,4
252.7

412.5
152.2
97.1
260.3

416.7
151.5
97.9
265.2

424.,7
147.2
98.,6
277.,6

439.8
154.0
99.6
285.8

I

GENERAL BUSINESS INDICATORS
IATI0NAL INCOME AND PRODUCT:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
GROSS NATIONAL PRODUCT, TOTAL
..bil. $..
Personal consumption expenditures, total
....do....
Durable goods, total
....do....
Motor vehicles and parts
....do....
Furniture and household equipment
....do....
Nondurable goods, total
Clothing and shoes
Food
Gasoline and oil
Services, total
Household operation
Housinq
Transportation
Gross private domestic investment, total
Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services
Exports
Imports

r/ Revised.




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

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

MONTHLY BUSINESS STATISTICS — Continued

3
1978

1977

ITEM

III

II

III r/

IV

I

fl

1,576.9
1,199.7
107.3
25.1
82.3

1,603.1
1,241.0
105.0
21.9
83.1

1,688.1
1,287.8
110.1
24.0
86.1

1,72o.4
1,317.1
114.5
25.0
89.6

GENERAL BUSINESS INDICATORS-Con.
NATIONAL INCOME AND PRODUCT—Con.
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES-Con.
NATIONAL INCOME, TuTAL
bil. $..
Compensation of employees, total
do....
Proprietors' income, total 1/
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment

1,499.3
1,140.5
98.9
20.0
78.9
22.4

22.4

22.7

22.8

22.2

24.3

143.7
175.1
102.8
-16.6
-14.8
93.7

154.8
177.5
104.8
-7.7
-15.0
97.3

148.2
178.3
104.4
-14.8
-15.3
99.0

132.6
172.1
102.1
-23.5
-16.1
101.7

163.4
205.5
120.5
-24.9
-17.2
104.6

165.2
!
20 j.4
119.2
-20.9
-19.3
107.4

1 ,508.6
223.3
1,285.3
1,217.8
67.5

1 ,543.7
224.6
1.319.1
1,244.8
74 3

1,593.0
233.3
1,359.6
1,285.9
73.7

1,628.9
237.3
1,391.6
1.309.2
82.4

1,628.4
249.1
1,433.3
1,357.0
76.3

1,731.7
263.2
1,468.4
1,392.5
76.0

Corp. profits with inventory valuation and capital
consumption adjustments, total
do....
Profits before tax, total
do....
Profits after tax, total
do....
Inventory valuation adjustment
do.:..
Capital consumption adjustment
do....
Net interest
PERSONAL INCOME, quarterly total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays
Equals: Personal saving

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

1 ,537.6
1,165.8
97.2
16.5
80.8

Q

1977
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 and nongovernment enterprises..
do....
Other labor income
do....
Proprietors' income 1/
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Dividends
Personal interest income
do....
Transfer payments
do....
Less personal contrib. for social insurance.
do....
Total nonfarm income

1 78
Nov.

Aug.

Sept.

Oct.

Nov.

1,577.0
1,014.1
354.8
274.2
245.6
206.9
206.8
94.8

1,592.7
1,022.3
358.3
277.1
247.4
208.3
208.4
96.1

1,731.1
1,111.3
395.7
301.0
271.0
228.0
216.7
107.9

rl ,744.7
rl,120.1
r398.2
r303.6
r274.1
230.3
217.5
109.1

rl,767.2
rl,136.7
r404.5
r308.7
r277.6
r233.6
r221.0
110.4

1,784.5
1,148.4
410.9
313.9
279.9
235.3
222.3
111.8

22.1
81.4

24.6
32.2

24.9
90.1

26.0
90.2

27.3
r91.5

28.7
92.0

22.4
45.1
145.3
214.2
62.4
1,540.1

22.6
45.5
145.5
216.5
62.6
1,553.1

24.3
50.3
rl61.9
230.8
70.4
rl ,690.3

24.2
50.7
rl63.6
231.5
70.8
rl,702.6

24.3
51.1
rl 65.2
232.2
r71.5
rl,723.6

24.4
51.6
166.6
233.1
72.1
1,739.2

184.5
184.5

185.4
185.4

197.7
197.8

199.1
199.3

200.7
200.9

201.8
202.0

181.6
183.1
177.0
181.4
169.2
165.0
167.4
198.5
206.2

182.5
184.1
177.9
182.4
170.1
165.5
168.1
199.5
207.2

193.3
196.3
189.3
194.4
175.4
175.9
176.3
213.4
222.2

195.1
197.9
190.5
195.4
177.1
177.2
177.8
215.6
224.6

196.7
199.4
191.8
196.6
178.1
178.8
179.1
21 / .6
226.7

197.8
200.5
192.9
197.5
179.1
180.0
180.3
218.6
227.8

Food
Food at home

194.4
191.7

195.6
193.0

215.4
214.5

215.6
214.1

216.8
215.4

217.8
216.1

Housing
Shelter
Rent
Homeownership
Fuel and utilities
Fuel oil and coal
Gas and electricity
Household furnishings and operations

190.4
195.6
156.1
210.0
206.8
287.2
219.3
169.6

191.4
196.9
157.0
211.5
207.4
289.9
219.5
170.2

3/205.2
" 213.3
4/165.1
230.6
5/218.1
294.2
6/236.9
3/178.9

207.5
216.2
166.4
234.2
21G.8
295.7
237.9
180.5

209.5
218.6
167.4
237.0
220.1
300.1
240.0
181.9

210.6
220.1
168.5
238.8
218.5
306.1
234.9
183.0

157.2
178.6
177.9
145.7
178.0
184.4
207.2

158.5
178.7
178.0
148.2
175.0
184.7
208.1

159.6
188.1
187.7
153.8
196.7
187.6
221.4

161.9
188.7
188.3
153.5
195.9
188.2
222.6

163.3
189.7
189.4
155.5
195.4
189.3
224.7

164.1
191.4
191.1
158.5
194.7
189.7
227.0

Oct.

COMMODITY PRICES
CONSUMER PRICE INDEXES:
ALL ITEMS, WAGE EARNERS AND CLERICAL WORKERS, REVISED
(CPI-W)
..1967=100..
ALL ITEMS, ALL URBAN CONSUMERS (CPI-U) 2/
do....
Special group indexes:
All items less food
All items less medical care
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Services less rent.
do....

do....

Apparel and upkeep
Transportation
Private

Used cars
Public
Medical care
PURCHASING POWER OF THE DOLLAR AS MEASURED B Y Consumer prices
1967=$1.00..
$0,498
$0,495
$0,542
$0,539
$0,502
SO.506
r/ Revised. 1/ With inventory valuation and capital consumption adjustment. 2/ Beginning Jan. 1978, data are for consumer price index
all urban consumers.

3/

Includes TV and sound equipment and repairs formerly irT"Hea1th and recreation.

additional items not previously priced. 6/




Includes bottled gas.

4/

Residential.

5/

Includes

MONTHLY BUSINESS STATISTICS— Continued 3
1978

1977
ITEM
Sept.

Oct.

Nov.

190.9
190.9
140.0

rl81.1
rl80.5
rl24.6

rl 90.8
rl90.8
rl31.4

154.1
154.1
106.3

2,096
1 ,544

2,025
1 ,440

r2,075
rl ,463

r2,095
rl ,459

2,104
1,498

1,781
1,185

1,822
1 ,218

1,563
1,020

1,731
1,092

rl,719
rl ,127

1,691
1,114

27.4
319

22. 7
320

27.9
283

24.1
272

25.7
300

Oct.

Nov.

.thous..
..do....
..do....

193.2
193.1
135.4

155.9
154.8
109.3

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

2,139
1,532

..do....
..do....
thous..
do

Aug.

CONSTRUCTION AND REAL ESTATE
NEW HOUSING UNITS STARTED:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING
PERMITS (14,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
One-family structures
MANUFACTURERS' SHIPMENTS OF MOBILE HOMES:
Unadjusted
Seasonally adjusted at annual rates

New mortgage loans of all savings and loan associations
estimated total
imil. 5..
By purpose of loan:
do
Home construction
do
Home purchase
All other purposes
do
TRANSPORTATION

9,277

9,138

10,398

r9,305

9,482

1 ,800
5,696
1,781

1,780
5,550
1 ,808

1 ,981
5,830
1 ,587

rl,807
r6,049
rl,449

1,951
5,989
1,542

284.7
13.7
14.7
704.8

280.6
14.0
14.5
736.4

321.8
11.2
16.8
643.2

250.9
12.0
17.0
653.3

313.1
13.2
17.2
698.5

EQUIPMENT

Trucks (new), retail sales and inventories,seasonally
Retail sales:
Light-duty, up to 14,000 lbs. GVW
Medium-duty, 14,001-26,000 lbs. GVW
Heavy-duty, 26,001 lbs. and over GVW
Retail inventories, end of period
r/ Revised.
^ " U . S . GOVERNMENT PRINTING OFFICE:

adj.:
.thous..
..do....
..do....
..do....

1979--281-051/23

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

First-Class Mail

WEEKLY BUSINESS STATISTICS




POSTAGE AND FEES PAID
U.S. DEPARTMENT OF COMMERCE
C0M-209

316.,8
13.,7
16.,2
741.,9