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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 i i i i i i i I I I I 1974 i I i I l I i i i i 1975 i I i i i i i i i i i i I i i i J 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 i I i i i i i i i i i i I i i L_L_1 J 1977 1976 I I I I I I I I 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 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS POSTAGE AND FEES PAID U.S. DEPARTMENT OF COMMERCE COM-209