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

1941-43 = 10
120

1941-43 = 10
130
PRICES OF 425 INDUSTRIAL STOCKS
120

(a^.Tdlfy close)

—

—

110

^N/^ \

/
'

vV

100

T

X ^ A

-

90

,

80

—i

1968

i

i

I...J

1969

1 i

i

i

i

i

i

i

i

i

i

1970

1

i

i

i

i

i

1971

J

F M A M J J A S O N D

Standard & Poor's Group

1967 = 100
250
RAW STEEL PRODUCTION

Monthly

1967=100
250

Weekly

(ingots a n d a l l other forms)

200

-

200

150

-

150

~

100

100

\

50

I

1 J

L 1 1 1 1 1 1 1

1 1 1 i

1

1968

1

i

i

i

i

i

1

i

I

1969

i

i

i

1

i

|

|

i

\

i

I

i

i

1970

i

1 m

i

i

1971

50

i

J

F M A M J J A S O N D

Data: Amer. Iron & Steel Inst.

Dolia
3.80

Hours
48
MANUFACTURING HOURS &
EARNINGS

Billion $
11.0
CONSUMER INSTALLMENT CREDIT
EXTENDED AND REPAID
10.0 — (seasonally adjusted)

3.60

f - (Hours seasonally adjusted)

46

3.40

Average
Hourly
Gross
Earnings
(left scale) \

44

9.0

42

8.0

40

7.0

38

6.0

Extended

3.20
3.00

/\ r
I

I

1968

Per

(right scale)

1

~

s

1969

Week
.

'

I I I I I I I I I

i i i i i i

1970

1971

Data: U.S. Dept. of Labor

1 i i i i i

-J-. L 1 f 1 I 1 1 .1 .JLJ- l . i 1 1 1 1 1 I I 11 1I I 1 1 1 1 1 I I l,„

1968
Data: Federal Reserve Board

* A v a i l a b l e o n l y w i t h subscription t o t h e SURVEY OF CURRENT BUSINESS, this Supplement
provides selected w e e k l y a n d monthly d a t a subsequent t o those published in the latest monthly SURVEY




f

Repaid

.-->*-- v y

si
A v e r a g e Hours

2.80

.
/

1969

1970

1971

WEEKLY

2

BUSINESS STATISTICS1
1971
Jan. 2

Jan. 9

1967=100.

106.2

106.7

mil. $.
do...

6 ,695
4 ,888

6,834
4,962

444
3 ,097
2 ,754
178

FINANCE:
Currency in circulation^/
mil. $.
Federal Reserve bank credit outstanding, total 3/---do...
Member bank reserve balances 3/
...do...
Excess reserves, estimated _3_/... „
do...

1972
Dec. 18

Dec. 25

Jan. 1

Jan. 8

107.1

107.3

108.2

9,877
7,111

9,965
7,301

7,281
5,065

500
3,154
2,820
214

330
2,578
2,148
169

341
2,681
2,242
152

406

119

162

57 424
67 695
29 740
338

57,021
68,438
30,611
576

61,040
73,239
31,136
190

61,242
74,651
31,192
12

61,448
75,667
31,951
358

61 026
76 318
32 872
409

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...

48,483
253,891
28,267
81,894
34,313

87,110
48,800
252,707
28,637
81,455
34,308

89,336
54,167
272,781
28,280
83,922
38,221

89,183
54,214
272,122
28,018
83,802
38,366

91,639
54,538
273,228
28,929
83,782
38,378

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

8.19
92.27
101.09

8.16
92.35
101.07

7.76
98.54
108.99

7.73
101.18
112.06

7.70
102.21
113.00

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

..

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.

7 = 67
103 .07
113 .86

PRODUCTION:
Bituminous coal 3/
Electric power, by utilities
Motor vehicles (passenger cars). c
Petroleum (crude) and condensate _3/

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

2,056
29,073
55,242
9,965

1,893
31,129
169,705
10,040

2,080
32,047
179,123
9,250

2,135
31,063
140,690
9,258

2,222
29,533
96
9,256

Steel, raw
Index of production

thous. sh. tons.
1967=100.

2,366
97.0
11.2

2,028
83.1
14.0

1,948
79.8
12.3

2,004
82.1

bit.

2,413
98.9
12.8

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

2/ Tuesday price.

MONTHLY

3/ Daily average.

179,880

2,152

38o2

U,4

4/ Wednesday data.

BUSINESS STATISTICS
1970

ITEM
Oct.

1971
Nov.

Aug.

Sept.

Oct.

941
114
149

939
126
133

848
108
131

741
117
114

759
110
119

819
131
125

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

185
419
74

174
414
92

169
345
95

140
304
66

142
313
75

129
353
81

thous. $..
do. ...
do..

|144,773
19,950
14,109

119,836
9,896
15,390

155,555
27,515
13,205

115,847
24,983
20,267

144,702
15,912
13,288

128,998
16,533
11,601

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

67,607
29,410
13,697

52,624
29,809
12,117

65,460
34,071
15,304

38,580
20,178
11,839

54,706
40,771
20,025

63,619
23,026
14,219

Failure annual rate (seas. adj.)..No. per 10,000 ,.concerns..

45.9

50.8

43.6

40.1

38.1

41.6

Nov.

GENERAL BUSINESS INDICATORS
INDUSTRIAL AND COMMERCIAL FAILURES (Dun & Bradstreet, Inc.):
Failures, total
number. .
Commercial service.
do. ...
Construction
....do....
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION COST INDEXES:
American Appraisal Co., The:
Average, 30 cities
Atlanta.
New York

San Francisco
St. Louis

1913=100..
do....
do

do....
do. ! .!

New mortgage loans of all savings and loan associations,
estimated total
mil. $..
By purpose of loan:
Home construction.
do.. ..
Home purchase
do..
All other purposes
do....
rj Revised.
8050




1,167
1,268
1,229
1,111
1,140

1,177
1,323
1,233
1,126
1,147

1,298
1,441
1,416
1,195
1,253

1,297
1,440
1,415
1,193
1,252

1,296
1,439
1,415
1,189
1,252

2,127

1,972

4,111

3,672

r3,405

3,265

406
1,032
689

355
919
698

641
2,225
1,245

628
1,951
1,093

r609
rl,717
r1,079

583
1,643
1,039

MONTHLY BUSINESS STATISTICS—Continued

3
1971

1970

Nov.

Sept.

Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total,persons 16 years of age and over,
not seasonally adjusted
thous,
Civilian labor force
. ...
..do..,
Employed, total.
°
do. . ,
Nonagricultural employment
.
do. .,
Agricultural employment
do. .,
Unemployed (all civilian workers)
do..,
Civilian labor force, seasonally adjusted
do..,
Employed, total.
do..
Nonagri cultural employment
do..,
Agricultural employment
do. .
Unemployed (all civilian w o r k e r s ) . .
do..
Long-term, 15 weeks and over
do..
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
..
Married m e n
Negro and other races
White workers
Occupation: White-collar workers
Blue-collar workers
Industry: Private nonfarm wage and salary workers.
Construction
•
Manufacturing
Durabl e goods
.
EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS):
Total, seasonally adjusted
thous
Mining
do..
Contract construction
•
.do..
Manufacturing
do..
Durable goods
do. .
Nondurable goods
do..
Transportation, communication, electric, gas, etc..do..
Wholesale and retail trade.....
+
do..
Wholesale trade
•
do. .
Retail trade
do. .
Finance, insurance, and real estate
do..
Services
..do..
Government
do..
Federal
do..
State and local
do..
PRODUCTION WORKERS (MFG. PAYROLLS), TOTAL, seas. adj...do..
Durable goods.
do. .
Nondurable goods
do..
HOURS (GROSS), A V G . 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. .
Man-hours in nonfarm establishments, all employees,
seasonally adjusted, annual rate
bil. man-hours
MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted:
Manufacturing
1967=100
Durable goods
• • «do. .
Nondur abl e goods
•
do..
HOURLY EARNINGS (GROSS), AVG. PER PROD. WORKER O N PAYROLLS:
Manufacturing, not seasonally adjusted
dollars
Excluding overtime.
.do. .
Durable goods
.do. •
Excluding overtime
•
do..
Nondurable goods.
do. .
Excluding overtime
do. .

87,352
84,635
80,065
76,595
3,470
4,570
84,783
79,845
76,476
3,369
4,938
1,231

87,715
85,019
80,204
76,942
3,262
4,815
85,172
80,022
76,629
3,393
5,150
1,293

5.8
4.3
5.5
17.0
3.0
10.7
5.3
3.4
7o2
6.0
10.3
6.3
6.7

6.0
4.4
5.8
17.0
3.4
9.3
5.7
3.6
7.5
6.2
8.9
6.8
7.1

70,853
616
3,250
18,616
10,597
8,019
4,460

r70,848
r521
r3,290
rl8,560
rl0,561
r7,999
4,442

r70,981
r521
r3,318
rl8,603
rl0,571
r8,032
r4,435

15,273
3,865
11,408
3,821
11,962
12,855
2,674
10,181
13,515
7,630
5,885

rl5,270
r3,873
rll,397
r3,834
rll,996
rl2,935
2,675
rl0,260
rl3,462
7,600
r5,862

rl5,276
r3,873
rll,403
r3,852
rl2,020
rl2,956
r2,669
rl0,287
13,506
r7,614
r5,892

39.5
2.8
39.7
2.7
39.1
3.1

39.8
3.0
40.3
2.8
r39.3
3.0

40.1
r3.0
r40.6
2.9
r39.5
r3.0

137.04

137.64

rl38.07

rl38.91

92.6
89.3
97.3

91.9
87.8
97.7

r92.5
r89.0
r97.5

r93.3
r89.6
r98.5

86,386
83,347
78,741
75,515
3,226
4,607
83,473
78,550
75,197
3,353
4,923

86,165
83,152
78,516
75,564
2,952
4,636
83,609
78,463
75,055
3,408
5,146
1,084

5.9
4.2
5.6
17.6
3.2
9.0
5.
3.
7.
6.
9.
7.

6.2
4.6
5.8
17.8
3.4
9.5
5.6
3.8
7.8
6.6
11.8
7.6
8.0

69,985
624
3,294
18,517
10,449
8,068
4,506

70,313
623
3,302
18,796
10,738
8,058
4,450

14,902
3,827
11,075
3,721
11,750
12,671
2,664
10,007
13,279
7,384
5,895

14,952
3,832
11,120
3,731
11,776
12,683
2,661
10,022
13,577
7,686
5,891

39.
2.
40,
2.
39.
2.

39.
2.
40.
2.
39.
2.

136.45
9C . 4
85 .7
97 . 3
3. 39
3. 27
3. 57
3. 46
3. 15
3.04

86,884
84,135
79,295
75,851
3,444
4,840
84,598
79,525
76,169
3,356
5,073
1,239
6.0
4.5
5.6
17.1
3.3
10.5
5.4
3.3
8=0
6.2
10.0
7.0
7.1

3.60
3.46
3.83
3.69
3.31
3.18

FINANCE
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM):
Total outstanding, end of month
•
Installment credit, total
•
Automobile paper
Other consumer goods paper.....
Repair and modernization loans
Personal loans
*
By type of holder:
Financial institutions, total
Commercial banks
Finance companies
Credit unions
Miscellaneous lenders
Retail outlets, total.. *••.
Automobile dealers
r_/ Revised.
8050

p_/ Pr el iminar y.




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

123,915
99,790
36,011
28,378
4,133
31,268

125,802
101,161
35,490
29,949
4,110
31,612

130,644
104,973
37,383
29,840
4,330
33,420

131,606
105,763
37,759
30,072
4,357
33,575

133,263
107,097
38,164
30,586
4,370
33,977

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

86,820
41,740
31,081
12,438
1,561

87,064
41,895
31,123
12,500
1,546

91,279
44,603
31,133
13,780
1,763

91,943
44,947
31,331
13,875
1,790

92,901
45,396
31,643
14,052
1,810

do..
do. .

12,970
332

14,097
327

13,694
349

13,820
354

14,196
359

4

MONTHLY BUSINESS STATISTICS—Continued
1970

1971
Aug.

Sept.

Nov.

FINANCE—Con.
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM): —Con.
Total outstanding, end of month -- Con.
Noninstallment credit, total.............•...........mil. $
Single-payment loans, total..........................do..
Commercial banks. ................................ ..do. .
Other financial institutions.......................do..
Charge accounts, total.........
do..
Retail outlets........o............................do..
Credit cards.......................................do..
Service credit
do..
Installment credit extended and repaid:
Unadjusted:
Extended, total
do..
Automobile paper.. ................................... do..
Other consumer goods paper e ....... ................ .. .do..
Al 1 other .....................o......................do..
Repaid, total..........................................do..
Automobile paper......................„....„......... do..
Other consumer goods paper............................do..
All other............................................do..
Seasonally adjusted:
Extended, total........................................do..
Automobile paper.....................................do..
Other consumer goods paper...........................do..
All other.................00.........................do..
Repaid, total.
o....................do..
Automobile paper.....................................do..
Other consumer goods paper...........................do..
Al1 other............................................do..
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total...............................mil. $
Ordinary (incl. mass-marketed ord.)..................do. .
Group................................................do..
Industrial
...........do..

23,907
9,313
8,059
1,254

24,125
9,345
8,071
1,274

25,644
9,997
8,633
1,364

25,671
10,061
8,694
1,367

25,843
10,097
8,722
1,375

26,166
10,182
8,795
1,387

7,656
5,797
1,859
6,938

7,757
5,884
1,873
7,023

8,305
6,120
2,185
7,342

8,305
6,101
2,204
7,305

8,435
6,269
2,166
7,311

8,634
6,482
2,152
7,350

8,670
2,463
3,200
3,007
8,853
2,683
3,103
3,067

8,271
2,006
3,147
3,118
8,440
2,513
2,921
3,006

10,300
3,066
3,465
3,769
9,088
2,675
3,153
3,260

9,849
2,927
3,454
3,468
8,936
2,698
3,091
3,147

9,797
3,037
3,423
3,337
9,007
2,661
3,191
3,155

10,711
3,105
3,737
3,869
9,377
2,700
3,223
3,454

8,580
2,349
3,113
3,118
8,662
2,550
3,036
3,076

8,414
2,127
3,113
3,174
8,716
2,577
3,082
3,057

10,049
3,004
3,465
3,580
9,222
2,697
3,262
3,263

10,156
3,147
3,462
3,547
9,157
2,732
3,172
3,253

10,031
2,992
3,467
3,572
9,107
2,634
3,219
3,254

10,572
3,162
3,595
3,815
9,306
2,662
3,254
3,390

14,065
10,620
2,864
581

14,758
10,506
3,729
523

17,299
10,767
5,970
562

15,580
10,499
4,490
591

14,742
10,875
3,244
623

14,817
11,646
2,642
529

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