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February 4, 1977

STATES**

y

BUSINESS
STATISTICS

A WEEKLY
SUPPLEMENT
TO THE

rn

SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
BILLIONS OF DOLLARS
500

BILLIONS OF DOLLARS
500
TOTAL LOANS AND INVESTMENTS
475
(Weekly Reporting Member Banks of Federal Reserve System)

Monthly
(average of Wednesday data) - ]

450
425
400
375
350
325
300

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1974

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1975

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1977

1976

F M A M J J A S O N D

Data: Federal Reserve Board

INDEX, 1967=100

INDEX, 1967=100
ELECTRIC POWER PRODUCTION

190

Weekly

Monthly

190

(E.E.I. seas. adj. index)

180

170

160

150 K
•

•

•

'

•

'

•

'

'

i

1 1 1 1

1974

1975

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1977

1976

I I I

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F M A M J J A S O N D

Data: Edison Electric Inst.

THOUSANDS
1,400
MOTOR VEHICLE PRODUCTION
1,200 ~" (Passenger cars)

Monthly

1,000

^

800
600
400

A

^\y\ V

/\ S~A y^
AA^

-

300

"

250
o^r^

-

\

200
0

Weekly

THOUSANDS
350

"

J)

"

1 1977

1976 o < $

150

K

f>

—L-J—1 1 1 I 1 1 1 1 1

1974

t 1 1 1 1 J, 1 1 1 1

1975

1 1 I 1 1 i 1 1 1 1 1 1

1 1 1 1 1

1976

Data: Motor Vehicle Mfgrs. Assn. of the United States, Inc.

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement
provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY




l - L - L L_L_J

1977

200

100
50

I I I I

I I I

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

0

WEEKLY BUSINESS STATISTICS1

2

1976

1977

ITEM
Jan. 24

Jan. 31

Jan. 8

Jan. 15

Jan. 22

Jan. 29

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

191.4
202.6
183.9

188.7
196.8
183.1

203.2
198.4
206.5

206.1
202.6
208.5

208.2
203.8
211.2

ALL RETAIL STORES, SALES
Nondurable goods stores

mil. $.
do...

10,370
7,132

745
095

11,463
8,123

11,148
7,782

11,331
7,773

INITIAL UNEMPLOYMENT CLAIMS, State programs
INSURED UNEMPLOYMENT, all programs
State programs (50 States, D.C., and Puerto Rico)
FAILURES, INDUS. AND COMMERCIAL (Dun § Bradstreet)

thous.
do...
do...
number.

486
4,932
3,870
218

451
4,818
3,782
244

685
4,326
3,531
122

597
4,396
3,593
205

589

147

192
e91,774
108,562
36,128
352

WHOLESALE PRICES, 22 COMMODITIES 2/
9 Foodstuffs
13 Raw industrials

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

84,288
98,361
36,193
197

83,581
101,088
37,184
165

93,953
111,714
36,070
592

93,347
107,331
35,799
404

92,622
106,911
36,832
-109

105,209
72,008
377,933
40,079
118,849
60,095

103,739
72,458
375,657
40,460
117,173
59,749

113,908
91,011
402,211
50,038
116,896
63,690

112,305
91,037
401,417
50,333

115,437
63,753

111,031
91,231
399,854
49,670
115,166
63,893

Bond yields, domestic corporate (Moody's) 5/
percent.
Stock prices, 500 stocks (Stand. § Poor's) 4/...1941-43=10.
Industrial, 400 stocks
do...

9.31
98.24
110.02

9.28
98.53
110.36

8.37
104.76
116.31

103.40
114.83

8.43
103.85
115.15

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.

11,905
40,803
176,747
8,097

11,685
39,256
167,950
8,242

11,250
43,927
178,670
8,028

9,810
45,459
177,817
8,028

7,805
45,639
161,977
8,028

Steel, raw
Rate of capability utilization 5/

thous. sh. tons.
percent.

2,253
75.5

2,320
77.7

2,121
69.1

2,105
68.5

1,973
64.2

bil.

14.9

15.3

13.8

13.6

13.1

RAIL FREIGHT, REVENUE TON-MILES

211.6
207.3
214.5

8.46
102.34
113.34

190,643

2,027
66.0

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
1975

ITEM
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS
Indexes of aggregate weekly employee-hours (prod, workers):
Private nonagric. payrolls, total, (seas, adj.),..1967=100.
Goods-producing
do...
Mining
do,..
Contract construction
do...
Manufacturing
do...
Durable goods
do...
Service-producing
do...
Transportation, communication, electricity, gas...do...
Wholesale and retail trade
do...
Retail trade
do...
Finance, insurance, and real estate
do...
Services.... 1
do...
HELP-WANTED ADVERTISING, SEAS. ADJUSTED INDEX
1967=100.
LABOR TURNOVER IN MANUFACTURING ESTABLISHMENTS:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees.
New hires
do...
Separation rate, total
do...
Quit
do...
Layoff
do...
Seasonally adjusted:
Accession rate, total
do...
New hires
do...
Separation rate, total
do...
Quit
do...
Layoff
do...
WORK STOPPAGES:
Number of stoppages:
Beginning in month
number.
Workers involved:
Beginning in month
thous.
Days idle during month
do...

108.6
92.8
123.3
97.9
90.9
88.1
119.6
101.3
115.0
116.2
125.1
132.7
87

1976
Dec.

Sept.

Dec. £ /

Oct.

109.3
94.0
124.9
98.1
92.2
89.6

111.4
94.9
131.7
92.8
94.0
93.2

111.3
94.9
rl31.1
r97.2
93.2
92.0

rill.8
r96.1
rl32.8
r97.9
r94.5
r94.0

112.
96,
132.
97,
94,
94,

119.9
101.9
115.5
116.6
124.5
132.8

122.8
102.9
118.3
119.6
127.7
136.8
94

rl22.7
rl02.0
117.9
119.0
128.3
rl37.2
96

rl22.8
rl02.1
rll7.6
rll8.6
rl29.1
137.4
99

123.7
103.0
118.6
120.0
129.8
138.4
105

2.8
1.7
3.5
1.2
1.7

2.2
1.3
3.4
.9
1.9

4.4
3.2
4.6
2.4
1.3

3.5
2.5
4.1
1.7
1.5

r3.0
1.9
3.4
1.2
1.5

2.2
1.3
3.4
1.0
1.7

3.7
2.2
3.8
1.6
1.5

3.9
2.5
3.6
1.6
1.3

3.6
2.4
4.1
1.6
1.7

3.5
2.3
4.0
1.5
1.6

r3.8
2.4
3.6
1.5
1.3

4.0
2.5
3.6
1.7
1.1

300

239

*r525

r537

r400

251

63
1,737

86
1,854

*r373
*r4,566

rl61
r4,138

r262
r3,228

89
1,770

r/ Revised. £/ Preliminary. VPreliminary revisions for 1976 (units and order as above) are as follows: Jan., 333; 75; 1,191;
Feb., 354; 93; 1,030; Mar., 438; 152; 1,688; Apr., 583; 464; 3,148; May, 577; 164; 3,706; June, 571; 240; 4,488; July, 523; 312; 5,219;
Aug., 508; 123; 3,824.
84,172




MONTHLY BUSINESS STATISTICS —Continued

Nov.

Liabilities, total

FOREIGN TRADE
EXPORTS (MDSE.) , INCL REEXPORTS, TOTAL
Excl. Department of Defense Shipments
Seasonally adjusted
By commodity groups and principal commodities:
Food and live animals
Beverages and tobacco
Crude materials, inedible, exc. fuels
Mineral fuels, lubricants, etc
Animal and vegetable oils, fats, waxes
Chemicals

Dec.

Sept.

Oct.

Nov.

118,432
95,051
45
85,137
11,599
118,432
32,125
25,971
76,683

123,997
99,149
211
87,934
11,599
123,997
34,780
26,052
78,770

132,397
107,664
322
96,427
11,598
132,397
40,933
26,220
81,520

130,076
105,069
44
95,839
11,598

r126,844
r101,380
r40
91,660
11,598

130,076
38,014
26,461
82,072

rl26,844
r31,332
r23,239
84,281

8.74
9.09

8.74
9.09

8.85
8.94

8.85
8.94

r8.83
8.91

259.28
845.51
82.94
170.59

256.42
840.80
81.60
166.84

311.79
994. 37
96.63
219.55

300.04
951.95
97.33
208.18

303.03
944.58
99.59
217.53

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

9,526.4
9,513.3
9,408.9

9,328.7
9,303.5
9,249.9

9,208.7
9,159.0
9,871.7

10,085.1
10,080.7
9,727.6

9,687.4
9,682.3
9,624.6

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

1,382.0
139.3
819.8
350.9
68.8
780.7

1,515.9
149.7
1,049.4
407.2
83.1
816.3
906.7
4,229.0
833.3
1,502.1
560.1
212.2

1,299.2
126.5
1,118.2
379.1
79.0
827.9

895.3
4,038.2
633.3
1,563.9
478.5
265.5

1,321.6
131.1
823.5
387.8
91.5
785.4
910.0
3,846.6
766.6
1,355.1
544.8
215.7

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

do..

Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
MONEY AND INTEREST RATES:
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. average)
Existing home purchase (U.S. average)
SECURITY MARKETS:
STOCKS:
Prices:
Dow-Jones average (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)

1976

1975

ITEM

FINANCE
FEDERAL RESERVE BANKS, CONDITION, END OF MONTH:
Assets, total
Reserve bank credit outstanding, total
Time loans
U.S. Government securities
Gold certificate account

3

'.. .do..
do..
do..
percent
do..

Manufactured goods
Machinery and transport equipment, total
Electrical
Transport equipment, total
Miscellaneous manufactured articles
Commodities not classified

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

1,526.8
150.2
859.4
457.9
77.7
661.6
914.2
3,946.7
664.2
1,532.8
471.8
353.3

GENERAL IMPORTS, TOTAL
Seasonally adjusted
By commodity groups and principal commodities:
Food and live animals
Beverages and tobacco
Crude materials, inedible, exc. fuels
Mineral fuels, lubricants, etc
Animal and vegetable oils and fats

do...
do...

7,908.5
8,201.3

8,884.5
8,521.5

rl0,384.7
r10,649.9

rlO,023.1
rlO,406.0

11,061.6
10,530.8

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

725.
120.
415.
2,089.
66.

851.2
123.5
678.6
2,959.6
43.2

776.5
139.1
602.4
2,823.1
18.6

do...
do...
do..,
do...
do..,

298.
1,121.
2,018.
841.
211.9

712.1
137.2
524.4
2,547.5
46.0
327.9
1,211.1
2,269.4
878.7
230.3

368.4
1,558.1
2,445.0
rl,123.4
233.5

924,
137,
578,
3,069.
62.
473.9
1,606.8
2,723.7
1,231.3
253.4

5,703

6,701

7,646

6,996

6,717

284
297
516
146
926

296
319
559
152
912

379
343
593
167
1,340

306
323
559
158
1,164

319
307
510
182
1,041

549
285
542
170
388
2,435
819
1,083

553
264
530
151
528
2,624
927
1,126

824
356
490
210
477
3,647
1,350
1,505

664
355
494
199
464
3,328
1,164
1,460

614
291
456
168
457
3,279
1,127
1,474

1,130
515
279
1,189
232
354
414
1,589

1,246
579
321
1,170
258
359
557
1,581

1,195
645
397
1,857
281
461
525
2,283

1,096
599
347
1,689
258
434
481
2,092

1,004
531
333
1,765
264
415
470
1,936

Chemicals
Manufactured goods
Machinery and transport equipment
Miscellaneous manufactured articles
Commodities not classified

471.
1,520,
2,354.
rl,101,
216,

904.8 '
4,067.7
733.2
1,537.3
541.4
191.2

METALS AND MANUFACTURES
STEEL PRODUCTS, NET SHIPMENTS:
Total (all grades)
thous. short tons.
By products:
Semifinished products
do...
Structural shapes (heavy), steel piling
do..,
Plates
do...
Rails and accessories
do...
Bars and tool steel, total
do...
Bars:
Hot rolled (incl. light shapes)
do.. .
Reinforcing
do...
Pipe and tubing
,
do...
Wire and wire products
do...
Tin mill products
do...
Sheets and strip (incl. electrical), total
do...
Sheets: Hot rolled
do...
Cold rolled
do...
By market:
Service centers and distributors
do...
Construction, including maintenance
do...
Contractors' products
do...
Automotive
do...
Rail transportation
do...
Machinery, industrial equipment, and tools
do...
Containers, packaging, shipping materials
do...
Other
do..,
r / Revised.
84,172

£/ Preliminary.




MONTHLY BUSINESS STATISTICS—Continued

4

1975

ITEM
Nov.

1976

Dec.

Sept.

Oct.

Dec.

METALS AND MANUFACTURES—Con.
STEEL MILL SHAPES AND FORMS, INVENTORIES, E.O.M..mil. sh. tons..
Producing mills, inventories, end of month:
Steel in process
do..
Finished steel
do..
Service centers (warehouses), inventories, e.o.m
do..
Consumers (manufacturers only), inventories, e.o.m
do..
Receipts during period
do..
Consumption during period
do..
ALUMINUM PRODUCTS:
Ingots and mill products (net shipments)
mil. lb
Mill products, total
do...
Plate and sheet
do...
Inventories, total (ingots, mill prod., scrap), e.o.m...do
MACHINE TOOLS:
Metal cutting type tools:
Orders, new (net), total
mil. $.
Domestic
do...
Shipments, total
do
Domestic
do...
Order backlog, end of month
do...
Metal forming type tools:
Orders, new (net), total
do...
Domestic
do...
Shipments, total
do...
Domestic
do...,
Order backlog, end of month
do...

33.8

33.9

r35.5

35.8

10.1
6.3
6.6
10.8
4.2
4.7

10.0
6.7
6.7
10.5
4.3
4.6

11.7
7.2
r6.4
10.2
5.3
5.4

12.0
7.3
6.3
10.2
r5.1
r5.1

12.2
7.2

824.6
586.1
312.6
6,007

968.4
667.6
384.4
5,999

1,006.1
846.6
483.1
5,525

rl,014.8
r779.8
r450.0
5,592

951.9
733.1
428.2
5,693

80.85
73.15
134.55
105.95
1,137.4

87.05
71.05
161.95
130.95
1,062.4

166.55
130.75
140.35
121.90
1,071.1

190.55
168.60
112.60
96.95
1,149.0

r201.30
rl91.35
rll7.10
rl06.10
rl,233.2

P171.10
P150.50
P161.95
P145.70
pi,242.4

21.20
18.80
40.85
34.25
238.6

28.25
23.60
48.15
39.75
218.6

60.40
55.30
47.05
39.30
216.3

48.80
39.05
50.50
41.95
214.6

r43.85
r39.00
r59.90
r46.60
rl98.6

p58.15
p53.50
p47.55
p40.65
p209.2

192.1
13.1
8.0
500.6

210.2
11.3
7.8
501.5

251.4
16.2
13.3
583.5

211.0
11.2
9.2
539.9

217.3
12.7
10.1
544.9

255.2
12.4
11.5
563.8

10.2
5.0
5.0

TRANSPORTATION EQUIPMENT
Trucks (new), retail sales and inventories, seasonally adj.:
Retail sales:
Light-duty, up to 14,000 lbs. GVW
thous.
Medium-duty, 14,001-26,000 lbs. GVW
do...
Heavy-duty, 26,001 lbs. and over GVW
do...
Retail inventories, end of period
do...
r_/ Revised
Preliminary.
USCOMM— DC—84 %'72

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

First-Class Mail

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