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July 19; 1957 STATISTICS SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS I N D E X , 1 9 4 1 - 4 3 = 10 INDEX, 1 9 4 1 - 4 3 = 10 70 70 Monthly PRICES OF 425 INDUSTRIAL STOCKS Weekly (Wednesday close) GO 60 1956 \ k/y^H 1957 50 40 30 2 0 lvyi i i I I I i i I i l 1954 1 1 i l I I I 1 ) I I i I I I I I I I I I -I 1 1 I I I INDEX/I947-49 = I00 INDEX, 1 9 4 7 - 4 9 = 100 IBO 130 TOTAL INDUSTRIAL PRODUCTION I 1 I I _L_1 I I I I I 1—1—J—LM 2 0 J F M A M J J A S O N D WHOLESALE PRICES (F. R. B. seas. adj. index) 160 I 1957 1956 1955 — — 120 Commodities Other Than ' Farm Products Q Foods S 10 ALL -1 140 too h 120 100 Farm 1 I I 1 1 1 i l l 1i iI i i i 1 i i i i i i i i i i 1 i i i i i -JJJ J 1 1,1 Li 1 1 1 1954 1955 1956 1957 8 0 lut» i i i I i i i i i I i i i i i I i i i i i 1954 INDEX, 1 9 4 7 - 4 9 = 100 DOLLARS 200 2.40 175 Products / A - COMMODITIES 1955 i I I I II i 1 H ii iI 1957 1956 HOURS 56 MANUFACTURING HOURS & EARNINGS MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 52 2.20 Payrolls 2.00 125 1.80 100 h L60 Average Hourly Gross Earnings (left scale) 48 44 40 Average 7 5 Li I i i i I i i i i I 1 1954 I i i I i i 1 i ti i i 1 i i i it 1 i ii i i I i i i il 1955 1956 S957 Hours Per Week (right scale) S . 4 0 |ftj, ' ' ' i I ' I i l l I i i I i | | | I I I M I I l I I I i i I I l 1954 1955 1956 11 ii i 1 i I i i 4, 3 6 1957 WEEKLY BUSINESS STATISTICS1 2 1^956 ITEM July 7 1957 July 14 June 22 June 29 July 6 July 13 Commodity prices, wholesale: 1947-49-100.. do.,.. do.... do.... do.... ..do.... do.... ......... 87.5 90 1,317 1,211 *i14.0 *90.0 *102.2 *I2S.4 88.4 99 1,358 1,237 117.3 90.7 105.2 125.3 89.3 119 1,304 1,220 117.1 90.2 105.1 125.2 89.9 107 1,242 1,160 117.4 90.4 105.7 125.4 90.1 94 117.8 91.5 106.6 125,5 90.2 30,765 25,685 18,902 472 30,923 25,903 19,040 755 30,904 25,424 19,148 592 30,849 25,294 19,171 568 31,146 25,387 18,865 346 31,313 25,792 19,308 55,248 21,988 85,521 26,559 28,843 8,591 55,346 21,916 85,132 26,349 28,734 8,619 56,276 23,491 87,670 25,633 32,463 8,675 55,729 23,607 86,972 24,917 32,525 8,667 54,376 23,558 88,219 26,296 32,329 8,651 208 3.48 47.32 50,63 251 3,49 48.69 52.20 241 4.18 47.72 51,53 271 4.21 47.09 50.92 190 4.24 48.46 52.49 1,881 10,39! 79,671 7,086 1,405 10,878 133,773 7,084 1,733 12,337 141,084 7,238 2,102 12,111 150,000 7,190 1,875 11,056 87,733 6,952 302 #!2.3 478 274 317 #12.9 620 316 2,181 85,2 747 354 2,150 84.0 732 357 2,009 78.5 535 283 Finance: Federal Reserve bank credit outstanding, total 3/.....do.... do.... Federal Reserve reporting member banks in leading cities: 4_/ Time deposits, except U. S. Government., Loans and investments (adjusted), total, do.... Commercial, industrial, and agr. loans> (gross)....do.... do.,.. Bond yields, domestic corporate (Moody's) Stock prices, 500 stocks (Stand. & Poor's] 4/...l94i-43=i0.. ..•.•do..,. Production: s. of short tons.. is. of short tons., do 581 256 4.23 49.05 53.15 135,296 2,015 78.7 U Data do not always cover calendar weeks. 2/ Tuesday prices. 5/ Daily average. 4/ Wednesday data. ,5/ Week beginning July 15, 1957: Production, 2,073 thous. short tons; operating rate, 81.0 percent. * Monthly index for July 1956. # Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 1957 ITEM May March June Apri 1 May June GENERAL BUSINESS INDICATORS Industrial production (FRB): 141 142 157 144 167 130 168 189 163 141 142 156 140 166 132 167 188 163 148 150 166 144 184 138 177 228 174 144 146 163 rl40 179 r!40 rl69 222 r!74 143 144 159 rl36 174 r!36 166 r2l3 171 p!44 p!45 pl60 pl34 pl75 p!40 pl67 p2ll p!72 do.... 117 125 162 140 118 129 163 141 119 112 153 139 ri 17 117 rl55 r!36 r 815 rl 18 r!57 rl37 pii9 p!2i pl57 pl38 do.... do.... do.... do.... do.... do..,. 128 136 137 130 85 149 128 134 142 131 84 148 133 144 139 130 88 155 r!28 143 r!37 r!30 84 r!54 129 143 r!38 rl33 83 rl54 pl30 do.... do.... do.... do.... Metal fabricating (including ordnance),. ........do.... do.... 141 143 157 141 167 130 171 187 164 141 142 157 136 168 132 170 188 163 145 147 162 137 179 137 172 222 173 r!43 145 r!60 rl34 176 rl40 r!66 217 r!72 143 145 r!59 rl33 175 rl36 r!68 r2l2 171 pl43 pl45 p!60 p!30 pl76 p!40 pl70 p2ll pl72 123 121 162 !43 122 123 161 !44 118 III rl55 137 121 rl!3 rl55 r!39 r!2l rll5 rl57 139 pl22 pl!6 p!55 pJ4! ,1947-49=100.. ........do.... do.,.. Metal fabricating (including ordnance).. . . . . . . . . 0JO . . . . do.... do.... do.... do.... do.... do.... ,. instruments and related products rj Revised. j>/ Preliminary. w^. p!40 p«33 p88 p 151 MONTHLY BUSINESS STATISTICS — Continued 3 1956 1957 ITEM June May May Apri ! March June GENERAL BUSINESS INDICATORS - Continued Industrial production, adjusted index (FRB) - Continued Manufactures - Continued Petroleum and coal products 69 ••••••••• ..do.... Mi Consumer durables output (FR8): Unadjusted index, total...*..,,.,. ## ,,,,, 9 . # , e ,do.,. # A U T O S • ( • t ( i > l « I M M I « a < M M « < ) « l < 9 M t l « a i O I 9 » 9 t g « .O O . , « . Major household goods,.,„,......,.,.••*..,,......,do.,.. 1 Major household goods, •.....•• . do.... 1 129 ! 135 140 128 j 85 i 149 128 135 140 129 85 149 124 13! 127 136 ! 108 124 130 127 134 109 142 155 171 143 1 III 125 132 113 I4S 110 123 128 120 138 110 134 144 159 I 132 III 131 141 141 rl32 93 rl5l r!29 141 142 r!30 88 r!50 130 142 r!4l r 131 84 r!54 p!30 p!42 rl30 rl40 155 r!24 r!28 r!22 rl06 p!30 pl40 p!56 pl28 pl08 pi 38 p!3l p89 pl52 r 131 144 r!07 rl24 r!3l 141 r!24 r!08 rl24 rl32 rl26 rl08 pl28 pl37 pl44 PI32 pl08 215.4 117.1 117.4 139 COMMODITY PRICES Retai1 price: All commodities <U,SeDept.of Commerce index).*.1935-39=100,. Wholesale price index, all commodities. 99 ,.......1947-49=100,, Economic sectors Crude materials for further process Ing„„,,.»*.,...,.do.... Intermediate materials, supplies, and components....do.... Fruits and vegetables, fresh and dried., .do,,.. bra ins.*...««..«.....,.,............,.,,,,.,,.,..,., do.... Fruits and vegetables, canned and frozen,.,,.., do.... Meats, poultry, and fish *...,*„........do,... Commodities other than farm products and foods,, do..,. Chemicals and allied products...,,,..,..............do.... Fuel, power, and lighting materials.,,,,..,,.., do.... Tobacco manufactures and bottled beverages do.,.. 209 9 8 114.4 i 211.9 114.2 214.7 116.9 214.9 117.2 96,6 122*2 113.6 90,9 111,8 90.5 74.4 102,4 115.5 107,9 109.3 82.1 95.7 121.7 114.0 91.2 120.2 86.9 74.8 102.3 115.3 108.0 109.7 83.1 96,7 124.9 116.9 88.8 94.1 87.5 76.6 103.7 116.7 III.3 105.9 84.6 97.1 125.0 117.4 90.6 103.0 87.3 79.3 104.3 1 116.8 II 1.4 i 104.9 ! 88.2 r96.5 r124.7 r117.4 89.5 109.0 85.4 | 78.7 r!04.9 116.5 M0.7 r103.5 91.5 98.9 124.5 M7.6 90.9 105.4 83.9 83.5 106. i 117.0 108.1 102.0 96.6 121.7 106.9 110.8 118.0 100.0 128.0 136.5 146.8 128.6 127.3 143.5 94.9 121.6 121,5 107,1 110.5 1 18.1 100,2 127.3 136.8 145.8 128.9 | 127.4 142.8 ! 94.9 ! 121.6 125.4 108.8 119.2 121,9 98.4 120.1 144,8 151.0 133.2 128.7 144.3 95.4 124.1 125.4 109.1 119.5 121.5 98.8 120.2 145.0 150.1 134,6 128.6 144.5 95.3 124.5 r125.2 109.1 r118.5 M2I.6 r99.0 119.7 r 145.1 150.0 r135.0 128.9 144,7 95.4 124.5 125.2 109.3 M7.7 121.6 100.0 119.7 145.2 150.5 113.7 110.8 76.3 2.9 107.4 104.6 72.8 2.8 r87.0 r79.3 r55.8 r7,7 92.0 89,5 62.3 2.5 102.0 96.0 66.7 6.0 97.0 92,0 64.2 5.0 1,146.0 1,091.0 r933.0 940.0 r980.0 970.0 24,450 11,490 12,960 23,900 11,030 12,870 23,510 10.860 12,650 23,830 10,750 13,080 24,340 11,040 13,300 23,700 10,670 13,030 24,510 11.220 13,290 23,670 10,590 13,080 24,430 11.170 13,260 23,920 10,710 13,210 3,277 3,295 3,434 3,332 3,276 3,416 3,412 3,427 3,551 3,493 121 122 119 124 106 127 122 122 pl23 pl25 SO,650 3,790 6,860 12,500 6,760 5,740 10,500 3,790 6,710 12,370 6,710 5f6601 | i | | | 1 1 135.1 i ! j 1 129.0 145.1 95.5 124.6 CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwelling units started: Unadjusted: Seasonally adjusted at annual rate: DOMESTIC TRADE Retai1 trade: Estimated inventories: DurabIe-goods stores ...»,,« Bessdo.... .oeeeo.ee. Firms with II or more stores, estimated sales: Department store sales, United States total: Wholesale trade: Sales, estimated (unadjusted), total.,,...,,..,mi I, of dol e . Nondurab I e-goods estab J f shments,, .*, r_/ Revised. j>/ Preliminary. do* ss , 10,380 3,510 6,870 13,140 6,960 6.1801 r10,430 3,560 6,860 12,960 6,950 6.010 I 10,740 3,710 7,040 12,740 6,900 5,840 ] p!22 p!27 MONTHLY BUSINESS STATISTICS —Continued S956 1957 ITEM May June March May Apr 1 1 June EMPLOYMENT AND WAGES Labor force (Bureau of the Census)? ±/ Civilian labor force,, total.... O0 ,<»..».«>o«,o,..o.thousands,. Emp loyed,, •••••••••••••©••0<»(»8<»,<»o«>o«©ooo»«o,.,a,, ©.do® , « a Agr i cu Itura 1 emp loyment® ,,„ ,„ do,,.. Nonagr I cu 1 tur a 1 emp 1 oyment^, „,0.8»»ooo8M,5oo.,,9,„(io,„, Unemp loyede o t . M M t M s s M . M M o ^ o . a o o . o . ^ o ^ ^ ^ M ^ o , , , , Employees In nonagr1cuttura! establishments? Total, unadjusted (U. S® Department of Labor) 8es . ae9ee do aao3 ManuracTur i ng© o«<i,«99s««,»ii«^<>e<i9i99>«0«s9,.9eo,ea«,«<QO9«,, ffl 1 O 8 UQ® © ® @ ® < & © e © 9 © o @ < 9 © © s » © ® © © < s « i e © » « » e a ^ o a o o a s o o o o e o e o o O O , a o a Contract construct ion*..............................do.... Transportation and public utflities.................do,,.. Wholesale and retail trade*® s , . o e o , . 0 @ e e s f f l e « , e e 8 e e o s . d a . e 9 e Finance, insurance, and real estate..••••••........•do,••• Service and ml see S S aneous^.a ® a e«,». s , *.«.«,,,e,, eo s . o e ,«do,«,, Government. 0 « e e s ,.,«••••,••«..««.•»..• ••••.•••••••••do..., Production workers In manufacturing Industries? § O T 3 le3oooooso«oooffloa>0Offl©ffl©raa!Oooo<O3e©ss®eaoooooffiS9©se j O O , . , @ Durab1e-goods 1ndustrles.................,,,..,.....do.... Ordnance and accessor les.......................... do., 9<B Lumber and wood products (except furniture) do.... Furniture and fixtures*..•••••••••••••••••••••••••do.,,. Primary metal !ndustries.•.•.•••••••••••••••••••..do, ••• Machinery (except electrical)...,.....,........,..do.... Etectrlealmachinery..,,, .»,,«#,,, .,M.<«»<t..,««odo,9,, Instruments afitl related products*.................do..,. Nondurab1e-goods 1ndustrles...••••••••••• ...»do..,. Food and kindred products,oe„••••••.,•••••••••••..do..,. Tobacco manufactures,,,o,,,,.,^.,,,,.....,,,© do,,,, Text! Se-ml S1 products.••••••••••••••••••••••••••••do.... Apparel and other finished textile products.......do,... Printing, publishing, and allied products......... do.... Manufacturing production-worker indexes; Emp 1 oyment: Unadjusted. ,,.,.! 947-49-100,. Hours and earnings: Average weekly hours per worker, all manufacturing...hours.. 67,846 65,238 7,146 58,092 2,608 69,430 66,503 7,876 58,627 2,927 66,746 63,865 5,434 58,431 2,882 66,951 64,261 5,755 58,506 2,690 67,893 65,178 6,659 58,519 2,715 69,842 66,504 7,534 58,970 3,337 51,578 16,730 806 2,970 4,149 11,126 2,299 6,282 7,216 r52,135 r16,825 r833 r3,237 r4,191 rS1,236 r2,328 r6,320 r7,!65 51,894 16,933 83! 2,756 4,147 11,265 2,310 6,317 7,335 r52,245 r16,822 833 r2,906 r4,153 r IS,428 r2,320 r6,432 r7,35l r52,420 r16,748 r836 r3,080 r4,S57 r11,401 r2,33f r6,5ll r7,356 p52,727 p16,826 p85l p3,2IO p4,170 pi 1,448 p2,357 p6,547 p7,3l8 13,063 7,648 83 683 313 473 1,118 882 1,280 866 1,324 228 r13,108 r7,636 83 r7!3 r3l2 r477 rl,M9 r87l r1,274 r862 r1,299 r229 13,085 7,693 79 593 312 451 1,112 898 1,29! 869 S,474 231 r12,960 r7,635 r12,886 r7,587 78 r76 r6!2 r3!2 r455 r 1,101 r635 p12,935 p7,575 p76 p659 p3ll p455 pl,09S p882 p!,233 p846 pi,413 p225 5,415 1,042 78 969 1,046 464 547 556 172 211 331 r5,472 r1,094 r78 r966 r1,050 r467 r549 r549 175 r203 r340 5,392 989 77 929 1,098 467 559 550 173 211 341 r5,325 r990 105.6 107.1 156.4 r 106,0 r106,5 r!58.5 40.0 40.8 39.0 78.40 84.86 70.20 1.96 2,08 1.80 40,2 40.8 39.2 79.19 85.27 70.95 1.97 2.09 1.81 889 1,277 853 r!,446 r230 308 456 1,090 r883 r1,255 r845 r!,43l 227 74 73 r9!9 r1,069 334 r9!3 r1,038 r465 r556 r546 rl75 r205 r.325 5,360 pi,045 p73 p9ll D1,050 o47l p559 p538 pl79 p20l p333 105.8 106.0 164,3 r104.8 r105.9 r!6l,5 r104.2 r105.7 r160.9 p104.6 p105.1 p163.1 40.1 40.8 39.1 82.21 88.94 73.12 2.05 2.18 1.87 39.8 40.5 r38.9 r8l.59 88.29 r72.74 r2.05 2.18 1.87 39.7 40.2 r38.9 81.78 r87.64 r73.13 2.06 p39.9 p40.5 p39.l p82.59 p88.70 p73.90 p2.07 p2. 19 pi.89 467 r559 r549 rl73 r!9l r5,299 r1,005 r2.18 1.88 rj Revised. j>/ Preliminary. ±/ Estimates beginning January 1957 reflect certain changes made in the definition for employment and unemployment, etc. Figures for June 1957, comparable with data through June 1956, in order as above (thous.)t 69,923; 66,892; 7,547; 59,345; 3,030. 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