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July 13, 1956 BUSINESS STATISTICS ° > BUSINESS t < - ° * A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY" OF CURRENT BUSINESS, at $3.25 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS THOUSANDS i,200 1,000 800 h 600 400 h 200 F M A M J BILLION J A S O N D B I L L ON D O L L A R S DOLLARS 5 0 NEW CONSTRUCTION ACT!VST ¥ CONSUMER CREDIT OUTSTANDING (seasonally adjusted) (short- and intermediate-term) 40 Total Private Total (end of month ) Residential (nonfarm) ^ ' Installment Credit (end of month) 0 I i i i i i I i i i i i I i i i i i I i ! i i i i ! i i i i I !i i i i i i i i i i I i ) i M 1953 1954 1955 I 0 LjJLU I 1 I I I JUL I N D E X , 1 9 4 7 - 4 9 = 100 DOLLARS 180 2.20 160 h MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) h 120 100 I .1 l.l M I M t i I I i M I t i I M N I I i I I l I l l M i I i M s ; I u I i 1 S 1954 1954 1955 JLUJ-L I I I I 1 I 1956 HOURS 52 2.00 h 1.80 h 1.4 0 1953 i 48 Average Hourly Gross Earnings (left scale) / H 1956 1.20 44 40 1.60 Employment 8 0 i I I I I I I I I I I I I l MANUFACTURING HOURS & EARNINGS Payrolls 140 i I i I I I 1 I M !953 1956 36 h X l l l i U.i.JjJJJJJJ.ijJJJJ.J :G56 :9&4 32 1955 ;956 WEEKLY BUSINESS STATISTICS1 2 1956 1955 ITEM July 9 July 2 June 16 June 30 June 23 July 7 Commodity prices, wholesale: A! 1 other 1947-49-100,, do.... ,.do.... do.... do.... do.... , do.... 90.4 98 1,163 1,060 *l!0.3 *9I.8 * 103.9 *II5.6 91.2 87 1,234 1,120 114.2 91,4 102.5 121.4 89.0 131 1,250 !,!77 114.0 90.7 101.9 121.4 87.8 109 1,224 1,150 113.8 89.5 101.4 121.4 88.1 105 M3.9 89.4 102.3 121.4 87.5 30,02! 24,815 18,653 489 30,299 25,265 18,609 524 30,542 25,251 18,749 511 30,541 25,779 i9, M 6 606 30,485 25,62! 19,030 592 30,763 25,684 18,902 56,156 21,663 84.472 32,076 23,501 7,873 55,336 21,612 84,095 31,797 23,326 7,893 56,974 21,851 85,236 26,745 28,258 8,547 56,905 21,934 86,336 27,055 28,916 8,582 56,210 22,014 85,638 26,582 28,845 8,616 23! 3.23 307.6 349.9 204 3.24 318.8 365.2 286 3.46 340.7 396.9 245 3.46 340.8 396.9 249 3.47 345.0 402.5 1,717 10, 138 184,684 6,611 1,472 9,759 155,707 6,597 1,713 11,425 121,491 7,066 1,715 11,478 126,931 7,056 2,020 11,498 123,33! 7,034 1,716 #71.1 696 379 2,073 #85.9 653 307 2,299 93.4 80! 38! 2,290 93.0 799 382 2,090 84.9 755 376 Finance: Federal Reserve bank credit outstanding, •total 3/ do ..do..,. do.... Federal Reserve reporting member banks in leading cities:^/ Time deposits, except U. S. Government. Loans and investments (adjusted), total ..do Commercial, industrial, aiid agr . loans (gross)....do.... Bond yields, domestic corporate (Moody 1 s) Stock prices,480 stocks (Stand. & Poor's) 4/...1935-39=100.. do.... Production: JS. of short tons.. tho us. of short tons.. Stee 1 5/ Percent of capacity 5/ 473 208 3.48 347.7 406.2 66,973 302 12.3 \J Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data. 15/ Week ended July 14, 1956: Production, 312 thous. short tons; operating rate, 12.7 percent. §J Data for 1956 adjusted to revised classification of class I railroads. * Monthly index for June 1955. # Not comparable with 1956 rates which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 1955 ITEM May June May April March June COMMODITY PRICES Retal1 price: All commodities (U.S.Dept.of Commerce index). .1935-39*100.. 207.7 207.8 208.2 208.8 209.8 .mi 1. of dol.. do.... do.... do.... do.... do.... do.... do.... do.... do.... 3,675 2,571 1,430 1,270 133 591 183 236 148 386 3,936 2,766 1,545 1,380 133 633 190 259 160 412 r3,072 r2,26l rl,M6 r1,000 86 656 226 258 109 r373 r3,389 r2,403 rl,2!2 r1,070 r!09 r664 r237 253 121 r398 r3,707 r2,543 r1,269 !,!05 r!28 r698 247 r265 139 r427 3,993 2,715 1,354 1,185 1,104 374 106 420 1,170 383 119 449 811 303 84 230 986 318 98 350 rl,l64 r337 113 470 1,278 do.... do.... do.... 3,642 2,578 1,419 628 134 382 1,064 362 390 3,608 2,578 1,420 622 133 390 1,030 364 350 r3,585 r2,53l r1,268 708 128 r4l9 1,054 322 41! r3,658 r2,563 r 1,276 r733 127 r4l9 1,095 318 438 r3,679 r2,552 r 1,256 r738 126 r423 1,127 327 443 '3,660 2,540 1,242 1,727 1,882 2,379 1,869 2,120 1,622 123.4 137.4 144.8 124.4 138.3 J45.7 N28.6 143.6 150.8 r129.3 144.1 !52.0 130.2 144.5 152.8 144*7 1553.4 CONSTRUCTION AND REAL ESTATE Public utllity Mi lltary facilitles New construction (seasonally adjusted), total.. ........oo.... do..,. do.... do.... do.... do.... Public utility Pub 11cj tota1 do.... do.... 130 752 257 289 150 448 353 122 545 741 125 423 1,120 336 433 Contract awards (Engineering News-Record): do.... Construction cost indexes: . 1947-49=* 100.. Deoartment of namm»rc» compos!te,.••••••••••< do.... rj Revised. \J Except farm and public utility. 2 / Data for 3un® 1955 ^nd March and April 1956 are for 5 weeks; other months, 4 weeks. MONTHLY BUSINESS STATISTICS — Continued 3 1956 1955 ITEM May June May April March June EMPLOYMENT AND WAGES Labor force (Bureau of the Census): thousands.. do.... do.... do.... do.... Employees in nonagricuItural establishments: 2/ Total, unadjusted (U. S. Department of Labor)... .....GO.... do.... do.... CO.... do.... do.... do.... Production workers in manufacturing industries: 2/ Tota 1 ---..* Lumber and wood products (except furniture). Primary metal industries do.... do.... do.... do.... do.... do.... do.... do.... do.... do.... Apparel and other finished textile products. ......do.... Printing, publishing, and allied products... . . • . • . o o « . . . do.... do.... do.... 65,192 62,703 6,963 55,740 2,489 66,696 64,016 7,681 ; 56,335 2,679 65,913 63,078 5,678 57,400 2,834 66,555 63,990 6,387 57,603 2,564 1/67,846 1/65,238 1/7,146 1/58,092 1/2,608 1/69,430 1/66,503 1/7,876 1/58,627 1/2,927 r49,494 r16,337 r764 r2,790 r3,998 r 10,604 r2,l95 r5,888 r6,9!8 r50,165 r16,577 r783 r2,928 r4,083 rl0,7l5 r2,23l r5,937 r6,9M 50,499 16,764 783 2,669 4,106 10,931 2,265 5,859 7,122 r50,848 r16,769 r790 r2,853 r4,121 r10,928 1 r2,278 ! r5,979 r7,!30 r5l,l3l r16,698 r79l r3,040 r4,139 r10,974 r2,290 r6,038 r7,!6! p5l,542 p!6,757 p809 p3,235 P4,I65 pi 1,028 p2,326 p6,084 p7,!38 r 12,873 r7,520 r95 r674 r300 r459 r1,083 r892 r 1,185 r803 r1,426 r2l5 r13,078 r7,622 r94 r7l7 r303 r469 rl,IO! r899 r1,193 r8ll r1,416 r225 13,125 7,621 84 619 318 472 1,130 893 1,281 842 1,354 231 13,114 r7,674 84 r642 315 478 r1,136 895 r1,292 r874 r1,332 r23l r13,030 r7,607 84 r66l r3ll r481 rl,l!9 r879 r1,284 r870 r1,292 231 p13,052 p7,569 p84 p670 p3I0 p484 pi,120 p870 p1,272 p85l pi,283 p230 r5,353 r1,040 r8l r966 rl,03l r445 r522 r549 175 r2l4 r330 5,456 r1,095 82 r975 r1,047 r452 r527 r543 rl77 r2l7 r34l 5,504 1,021 82 981 1,116 457 545 566 172 221 344 r5,440 r 1,023 79 r97l r1,068 460 547 r569 r 171 219 332 r5,423 r1,05 J r80 963 r1,047 r462 546 r560 172 r2l6 325 p5,483 pi,III p79 p959 p1,043 p465 p552 p554 pl75 p2ll p334 104.1 r105.6 r150.0 r 105.7 r106.3 r152.0 106.1 106.4 157.9 106.0 r107.1 158.2 r105.3 r106.8 r156.0 pl05.5 pl06.1 p!58.3 Manufacturing production-worker indexes: 2/ 947-49=100.. do.... Labor turnover in manufacturing establishments: Accession rate.... monthly rate per 100 employees.. do.... Separation rate, tota1...••••.•••••.. do.... do.... Lay-off do.... Quit do.... Hours and earnings: 2/ Average weekly hours per worker, all manufacturi ng...hours.. do.... 3.8 3.2 .3 I.l 1.5 .2 4.3 3.2 .3 ! 1.2 1.5 .2 3.1 3.5 .3 1.6 1.4 .2 do.... 40.8 41.6 39.6 76.30 82.78 67.32 40.7 41.2 39.9 76.11 r8l.58 1 67.83 40.4 40.9 39.6 78.78 84.25 70.49 do.... do.... Lumber and wood products (except furniture)....•..do..•• do.... do.... do.... do.... do.... do.... do.... do.... 1.87 1.99 2.03 1.67 1.59 1.84 r2.l9 1.96 2.07 1.87 2.22 1.87 1.87 1.98 2.04 1.72 1.61 1.85 2.20 1.96 2.08 1.87 2.19 1.91 1.95 2.06 2.15 1.71 1.67 1.91 2.32 2.03 2.17 1.94 2.25 1.97 1.70 1.74 rl.40 1.38 rl.33 1.81 2.35 rl.97 2.36 r2.09 1.41 1.70 1.72 1.40 1.38 1.33 1.83 2.35 2.00 2.36 2.10 1.41 1.78 1.85 1.47 1 1.43 1.43 1.89 1 2.40 2.05 2.52 2.15 1.49 do.... do.... do.... do.... Apparel and other finished textile products. ••....do.... do.... Printing, publishing, and a!!led industries....•..00.... do.... do.... do.... 3.4 .3 1.4 1.5 .2 p3.3 p3.7 P.3 pi.6 pi.6 r.2 40.3 41.1 39.2 78.99 85.49 70. 17 40.0 r40.7 39.1 78.40 r84.66 70.38 p40.1 p40.9 p39.1 p79.40 p85.48 p70.77 1.96 2.08 2.16 1.75 1.66 1.93 1 2.33 2.04 2.18 1.96 2.26 1.98 1.96 2.08 2.17 rl.79 1.67 rl.93 r2.33 2.04 2.18 rl.96 2.26 1.98 pl.98 p2.09 p2.20 pl.83 pi .68 pl.94 p2.34 p2.05 P2.I9 pi.97 p2.29 pi.99 1.79 1.85 1.49 1.43 1.42 1.89 2.40 2.07 2.54 2.15 1.50 1.80 rl.85 rl.50 1.44 rl.42 r 1.9! r2.42 2.09 r2.53 r2. 16 1 1.50 pi.81 pi.86 pi.51 pi.43 pi.43 pl.92 p2.43 p2.IO p2.54 3 -3 p2.14 pl.50 £/ Revised. &/ Preliminary. ±/ Based on expanded sample. May 1956 figures based on former sample, in same order as above (thous.): 67,739; 65,159; 7,160; 57,999; 2,580. 2/ Revised to the first quarter 1955 benchmark; comparable data for July-December 1955 will be found In the July 1956 monthly SURVEY. 3/ Except ordnance, machinery, and transportation equipment. MONTHLY BUSINESS STATISTICS — Continued 1956 i955 STEM Apr! 1 March June May May jars® FINANCE Federal Reserve banks, condition, end of months Assets, tota1•••••••eeo,•«••••••«••••.••••••oo»mi1, of doi ao Reserve bank credit outstanding* total,,6floe9„li,oo.(io..,. United States Government securities..e.:>oooo.o««i.do.,i>. Go Id certifIcafe reserve.•.•••••••••••ooo.«e.»oc.oe»doe•• • S„ 5 S D 8 9 S T I e S , siSp O S S T S , T O T 3 I«,ecaes»«fflB«c»»sooa«>et)3coooooc6<»e*©o »UO« o a » T O T S I . Q a e a o e f i . e . s Q a o e A o e a s o o o Q s s o e c o o o a o a e 0O« o ao Member-bank reserve balances.»«>!,8o«s«.oeo«,ooeeo**«do.<s.0 Excess reserves (estimated)••••••••••••••••••.••do.... Federal Reserve notes in circulation.,••••••••••••do.... Reserve ratio,,•••.••••••••.•••••••••••••••••••••*• .percente. Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month: Deposits: Demand, adjusted.••••..••..••••••••••••..•.••ml!. of dol.« Demand, except Interbank: Individuals, partnerships, and corporations..0«..*dcB..a States and political subdivis1ons....,.......0..0.do.... United States 6overnment...»o..«.«....«..«...«e.«.do.... Time, except Interbank, total.••••••••••••••<,..•....do.... Individuals, partnerships, and corporations,,9eo...do..9e States and political subdlvislons..«..«....e...a..do..o« Interbank (demand and tlme)...».*.,..........„.a...do...« 192 -73 523 459 25,656 46.3 25,868 46.5 26,098 45 0 3 25,97! 45.7 50,783 25,377 23,474 21,085 50,783 19,904 §8,773 r569 26,168 45«8 56,011 56,156 55,735 55,896 55,521 56,210 57,624 4,361 3,148 57,376 4,258 3,224 57,S47 4,254 4,342 57,224 4,632 3,343 57,319 4,45! 3,669 57,960 4,367 3,420 20,363 19,037 lf 113 12,974 20,449 19,173 1,059 53,058 20,633 19,406 1,032 §2,69! 20,555 19,304 1,072 12,964 20,596 19,378 1,04! 12,224 20,859 19,652 1,03! 12,966 41,724 40,798 36,258 35,495 34,824 34,478 33,026 1,081 S,I49 21,490 9,306 8,698 32.076 1,019 27,995 27,357 26,873 26,582 743 837 708 753 588 679 544 683 358 21,313 9,00i 8,722 19,926 6,524 8,263 !9,758 6,258 8,138 r19,600 r6,050 7,955 !9,505 6,036 7,896 42,440 22,636 2,742 1,155 7,719 8,910 43,674 23,50! 2,678 1,190 7,873 9,153 49,373 27,781 2,436 ?,292 8,34i 10,373 49,953 28,053 2,412 1,298 8,430 10,618 49,900 27,784 2,435 1,277 8,503 10,756 51,160 28,845 2,380 1*27 § 8,616 10,905 31,568 24,149 32,471 24,914 35,536 27,964 35,962 28,260 36,574 28,591 •••.»««•• .•••••••• 3,206 2,570 3,103 2,635 3,443 2,678 3,179 2,612 3,114 2,934 2,988 2,790 3,163 2,867 3,227 2,987 3,281 2,950 3^05! 2,904 277,472 274,804 232,563 42,240 2,668 274,374 27i,741 228,49! 43,250 2,633 276,345 273,481 229,746 43,736 2,863 275,789 273,078 229,689 43,389 2,711 276,729 273,977 229,637 44,339 2,752 272,751 269,883 224,769 45, 114 2,868 43 44 59 56 62 74 49,306 24,780 23,662 20,988 49,306 19,685 18,221 49,666 24,60S 23,607 20,994 49,666 19,268 §8,066 50,822 25,76! 23,636 2 5,036 50,822 20,311 18,799 50,509 25,307 23,345 21,051 50,509 20,097 18,784 50,717 25,2!9 23,758 2.1,109 50,717 19,575 18,443 p-l 26,367 45,9 U. S. Government obligations, direct and guaranteed, t o t S l G e o o ( S « e e « s « e e e e e . a , P o < s e « e * e e s . s e s o o o s ® 9^1 1 „ Of (JoLs Bonds and guaranteed ob13gatIons••••••..•••••••••.do.... ! N O T © S c«s«ise«<«t«(S<><5-<»©«>c&»i?a><soaeioc>«oo©«5oooooo.soij>oo»eo G O . a o a Other securities.©••••••••••••••••••••••••••••••••«•do,,.,. Commercial, industrial, and agricultural..••••••••..do.... To brokers and dealers in securities«.8.fflft(S08e96.6..do.,.. Other loans for purchasing or carrying securities...do.... Consumer credit (short- and intermediate-term): Installment credit extended and repaid: • ee «•••*. • • • • • e .9 . «*.«•«.»» ........<> Federal Government finance: Obligations guaranteed by Us3sGovernment, end of mo* 0 .do e990 rj Revised. PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. O F F I C I A L BUSINESS FIRST CLASS :EKLY SUPFLFMF.NT ?:y DF CURRENT SURVSY BUSINESS
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