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BUSINESS
STATISTICS
A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS

!_! LJ U U U U LJ

Thousands
1,400
MOTOR VEHICLE PRODUCTION

Thousands

350
Weekly

(Passenger cars)

Monthly
J_J

I

1 I

1969

1968

I

I

I

I

I

L_

1970

1971

J

FMAMJJASOND

Data: Automobile Mfrs. Assn.

1967=100
250

1967 = 100
250
R A W STEEL PRODUCTION
200

(ingots and all other forms)

200

h

150

Monthly

50

„JLJ-

I

1968

I

I

I

[

I

1

I

i

I

1969

1970

I

i

i

J

1971

FMAMJJASOND

Data: Amer. Iron & Steel Inst.

Billion $
100

Billion $

NEW CONSTRUCTION

H 80

(Seas., a d j . , a t a n n u a l rates)

60
Private

Residential,

Hours
45

MANUFACTURING HOURS &
EARNINGS

3.60

— (Hours seasonally adjusted)

3.40

—

Average
Hourly
Gross
Earnings
(left scale) \

-

40

44
-

42

3.20

40

3.00
20

40
i i i I i i i i i I i i i i i I i i i i i

• •' • i

1968

1969

1970

Average

?80

1971

Data: U.S. Dept. of Commerce

Hours

Per V /eek

1 (right scale)
i i i i i 1 i i i i i 1 i i i i i 1 i i i i i i i i i i 1 i i i i i i i i i \ 11 i i i i

1968
Data: U.S. Dept. of Labor

* A v a i l a b l e only w i t h subscription t o the SURVEY OF CURRENT BUSINESS, this S u p p l e m e n t
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




46

Nonfarm

(right scale)

60

Dollars
3.80

1969

1970

1971

38

WEEKLY

2

BUSINESS STATISTICS1
1971

1970
July 4

June 27

June 12

June 19

June 26

107.2

107.8

108.9

1967=100.

113.7

.113.6

mil. $.
do...

7,203
4,770

6,883
4,694

7,709
5,176

7,873
5,307

7,710
5,106

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.

247
1,694
1,579
180

309
1,730
1,609
158

244
2,340
1,901
193

250
2,329
1,884
195

247

FINANCE:
Currency in circulation^/
mil. $.
Federal Reserve bank credit outstanding, total ^/...do...
Member bank reserve balances 3/
.
=
do...
Excess reserves, estimated _3/
do...

54,172
62,918
27,273

54,178
63,017
27,823
273

57,851
68,342
29,907
85

58,078
68,430
30,207
238

58,005
68,953
29,953
258

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...

78,773
46,612
230,659
21,860
79,765
33,838

81,160
46,425
232,906
22,035
80,110

82,959
53,524
253,672
25,566
81,579

83,423
53,475
257,516
25,586
82,802

83,563
53,434
255,655
25,052
82,613
35,507

Bond yields, domestic corporate (Moody1s) 3/
percent.
Stock prices, 500 stocks (Stand. & Poor's) 4/.1941-43=10.
Industrial, 425 stocks
.....do...

8.89
73.97
81.23

8.92
73.04
80.26

8.13
100.29
111.01

8.13
100.52
111.28

8.14
98.41
108.72

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

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

1,762
30,353
185,613
9,514

3,285
31,074
160,117
9,483

2,257
32,251
192,520
9,752

1,668
32,835
185,878
9,757

2,182
34,090
178,062
9,747

Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

thous. sh. tons..
1967=100..
bil..

2,647
108.5

2,551
104.6

2,748
113.6

2,647
108.5

15.5

13.6

2,737
112.2
15.7

15.0

15.7

2/ Tuesday price.

MONTHLY

108.7

230

PRODUCTION:
Bituminous coal 3J
Electric power, by utilities
Motor vehicles (passenger cars)
Fetroieum (crude) and condensate^/....

1/ Data do not always cover calendar weeks.

July 3

58,010
69,850
30,342
286

8.14
99.70
109.95

136,053

2,462
100.9

3/ Daily average. 4/ Wednesday data.

BUSINESS STATISTICS
1971

1970
ITEM
Apr.

Mar.

Feb.

May

May

Apr.

GENERAL BUSINESS INDICATORS
NEW BUSINESS INCORPORATIONS (Dun & Bradstreet, Inc.):
23,706
21,939

21,952
22,267

19,698
20,923

25,752
23,220

24,389
22,770

992
137
174
167
419
95

891
109
164
145
388
85

860
107
141
170
361
81

1,042
156
154
196
444
92

989
126
159
167
440
97

912
139
134
171
385
83

147,888
9,289
19,306
83,118
23,774
12,401
42.1

150,903
11,567
13,582
76,501
30,960
18,293
41.8

153,796
19,252
23,788
53,873
41,368
15,515
42.9

249,489
46,032
23,881
62,175
104,367
13,034
42.8

INDUSTRIAL AND COMMERCIAL FAILURES (Dun & Bradstreet, Inc.):

do....

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

131,898
21,137
17,978
39,958
32,972
19,853
43.7
1970
May

June

Mar.

224,646
95,547
18,128
47,949
38,132
24,890
43.9
1971
Apr.

May

June

COMMODITY PRICES
PRICES RECEIVED BY FARMERS, ALL FARM PRODUCTS. .1910-14=100..

279
227
323
328
419
132

280
229
324
325
422
132

282
242
317
352
393
134

282
244
315
345
393
134

286
251
316
339
401
129

288
258
314
334
401
128

334
365
312
389
72

r336
366
r314
390
72

348
376
328
404
70

349
377
329
407
69

351
381
330
410
70

354
383
334
412
70

PRICES PAID BY FARMERS:
do....

All commod. , services, int., taxes, and wage rates,,.do... •
r_/ Revised.
7808



MONTHLY BUSINESS STATISTICS —Continued

3

1970

1971
May

Apr.

Feb.

Mar.

Apr.

CONSTRUCTION AND REAL ESTATE
NEW CONSTRUCTION PUT IN PLACE (UNADJ.), TOTAL
mil. $.,
Private, total
do...,
Residential (nonf arm)
do. • ..
New housing units
do...,
Nonresidential buildings, total 1/
.....do...,
Industrial
do...,
Commercial
do. • .,
Public, total
do....
NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL
RATES), TOTAL
bil. $.,
Private, total
do...,
Residential (nonfarm)
do...,
Nonresidential buildings, total 1/
do...,
Industrial
o
do...,
Commercial
do. • • ,
Publ i c , t o t a l
do...,
CONSTRUCTION CONTRACTS IN 48 STATES (F.W. Dodge):
TOTAL VALUATION
mil. $.,
Index (seasonally adjusted)
1967=100.,
Building, total
mil. S.,
CONSTRUCTION COST INDEXES:
DEPARTMENT OF COMMERCE COMPOSITE
1957-59=100.,
New mortgage loans of all savings and loan associations,
estimated total
mil. $ . ,
By purpose of loan:
Home construction
o
do...,
Home purchase
do...,
All other purposes
do...,

7,125
5,009
2,297
1,636
1,824
501
840
2,116

7,710
5,305
2,485
1,743
1,891
498
890
2,405

6,590
4,578
2,190
1,725
1,574
387
771
2,013

r7,282
r5,113
r2,492
rl,996
1,706
406
865
2,169

r8,216
r5,827
r2,923
r2,356
rl,9l4
r440
r970
r2,389

90.7
63.6
29.8
22.7
6.2
10.6
27.1

89.7
62.7
29.2
22.4
5.9
10.6
27.0

102.6
70.8
35.6
23.2
5.6
II.8
31.7

102.2
r72.1
r36.8
23.1
5.2
12.2
30.0

rl03.8
r74.2
r38.0
r23.8
r5.5
rI2.2
r29.6

6,641
130
4,787

r5,332
110
r3,773

4,993
126
3,473

6,386
141
4,928

7,743
161
5,248

146

148

rl56

rl58

rl60

1,400

1,586

1,887

2,795

r3,168

325
627
448

373
741
472

346
818
723

r597
rl,306
rl,265

June

Mar .

521
1,143
1,131
1971
Apr.

84,968
81,741
78,357
74,632
3,725
3,384

87,230
84,050
79,382
75,174
4,208
4,669

85,598
82,668
77,493
74,452
3,042
5,175

85,780
82,898
78,204
74,699
3,505
4,694

84,954
83,104
78,709
75,111
3,598
4,394

82,621
78,601
75,031
3,570
4,020
606

82,213
78,299
74,763
3,536
3,914
661

83,475
78,475
75,079
3,396
5,000
1,107

83,783
78,698
75,140
3,558
5,085
1,071

84,178
78,961
75,503
3,458
5,217
1,202

4.
3.
4.
14.
2,

6.0
4.2
5.8
17.8
3.2
9.4
5.6

6.1
4.4
6.0
17.2
3.1
10.0
5.6

6.2
4.5
6.0
17.3
3.3
10.5
5.7

2.8
6.0
5.2
12.0
5.2
4.9

2.6
6.3
5.2
10.6
5.3
5.2

3.7
7.4
6.4
10.9
6.9
7.3

3.8
7.4
6.3
9.6
7.0
7.5

70,839
620
3,351
19,572
11,386
8,186

70,629
620
3,324
19,477
11,286
8,191

70,659
624
3,254
18,672
10,607
8,065

r70,735
623
r3,289
rl8,690
rl0,623
r8,067

r70,891
r623
r3,268
r!8,721
rl0,654
8,067

Transportation, communication, electric, gas, etc..doWholesale and retail trade
.do.
Wholesale trade
do.
Retail trade
do.

4,478
14,968
3,859
11,109

4,511
14,927
3,849
11,078

4,516
15,151
3,884
11,267

r4,491
rl5,158
r3,888
rll,270

r4,496
rl5,217
1-3,898
rll,319

Finance, insurance, and real estate
Services
Government
•
Federal
State and local...

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

3,677
11,572
12,601
2,768
9,833

3,679
11,532
12,559
2,689
9,870

3,753
11,803
12,886
2,657
10,229

r3,764
rll,800
rl2,920
2,662
rl0,258

r3,780
rll,820
rl2,966
r2,662
rl0,304

PRODUCTION WORKERS (MFG. PAYROLLS), TOTAL, seas. adj...do.
Durable goods.
..do.
Nondurable goods
....do.

14,180
8,186
5,994

14,140
8,134
6,006

13,496
7,592
5,904

rl3,532
r7,626
r5,906

rl3,573
r7,663
r5,910

1970
May

May

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total, persons 16 years of age and over,
not seasonally adjusted
thous.
Civilian labor force
do..o
Employed, total
do...
Nonagricultural employment
do.. .
Agricultural employment
do...
Unemployed (all civilian workers)
do...
Civilian labor force, seasonally adjusted
Employed, total.
•
Nonagricultural employment
Agricultural employment
Unemployed (all civilian workers)
Long-term, 15 weeks and over
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 men.
Negro and other races
White workers.
•

do.
do.
• .do.
.do.
..do.
.....do.

Occupation:

White-collar workers
Blue-collar workers
Industry: Private nonfarm wage and salary workers.
Construction
Manufacturing.
•
Durable goods
..•••
EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS):
Total, seasonally adjusted
thous
Mining
do..
Contract construction
do..
Manufacturing
..do..
Durable goods
do..
Nondurable goods.
•
do..

r_/ Revised,
7808

g/

Preliminary. \J Except farm and public utilities.




11.

4

MONTHLY BUSINESS STATISTICS—Continued
1970

ITEM

1971

May

Mar.

Apr.

June 2J

May

LABOR F O R C E 9 EMPLOYMENT, A N D EARNINGS--Con.
HOURS (GROSS), AVGo W E E K L Y PER PROD. WORKER (MFG. PAYROLLS);
Manufacturing, seasonally adjusted. .................. ..hours*
39.8
O v e r t i m e h o u r s . .-, <-. . =, ., = „ . o . . » . o o » o . . .. ... . = •. .. . . . .. c d o .2.9
..
D u r a b l e g o o d s o . o « » o <> <•> ,-> . « « . <.> .=>o n -.-..-. . c . o . = .. e . o . » . o >•».<> . . d40c,
o . 3.»
O v e r t i m e h o u r s o . . . . . . c, c o . o . o « o u o n n s . . o . . . . »» » . .. . . • do . . • 3.0
N o n d u r a b l e goods.-.. ». . .. ... « •> « o . . . « D .. <, . . o . » . ...... « . .do» • e 39.1
Overtime hour s» .«. .. .. so e« » . <* * ©«* noowooos-.oon.no.» . .do. . e
3.0
MAN-HOUR INDEXES, AGGREGATE W E E K L Y 9 seas« adjusted;
9
7.1
Manufacturing.........»•.......-..<>'..............nl967=10G»
95.7
Dur able goods. .............. .... .... ............ .«o ... do. ..
99.2
Nondur abl e goods o ...o « oo.....a........<>..<»oo. »«..«•«.• do ...
HOURLY EARNINGS ( G R O S S ) , AVGo PER PROD. WORKER O N PAYROLLS:
Manufacturing, not seasonally adjusted....
3.34
•dollars.
Excluding overtime.us.:,........'...........<>..« a B o . d O » u 9
3.22
3«55
O ...
. .
Dur abl e goods». o«. »...«. . °<>«.«. « .. « . .. . . » . . o .. .. o .o ..d .
3.42
a dO
Excluding overtime. . . . . . <.. . . <„>.. n«, o «.... » .> ».o a...
*o t. a
3o05
Nondur abl e goods . .« . . . . . .... .oooo..... .... . . .; „. »o U.a d».O o. . .-.
2„94
Excluding overtime./, ........................... 3 e a> o e QO s « o
97
HELP-WANTED ADVERTISING, SEASONALLY ADJUSTED INDEX.,, .1967=100.
STRIKES A N D LOCKOUTS:
Beginning in period;
750
Work stoppages . . . . =.«...,.. . . .. . . .«<•>,, ........co....
.number.
Workers involved© .........v,. . « . . ». 00.0.0.0 « <•>
309
„«thous.
In effect during month;
960
Work stoppages..............o......°..»..«... . . . enumber.
580
Worker s involved » » = .«,. =... •.. o o . . •-. c « « , . « „ . R.. .,» . . t h o u s .
7,965
Man-days idle during period......o................ o . © Q O . . .
5

u

39.8
3.1
40 o 4
3.2
39.0
3.0

39.9
2.8
40.5
2.8
39.1
2.9

r39.8
r2.9
r40.2
2.8
39.2
2.9

39.9
2-8
40.5
r2.9
39.3
r3.0

40.0
3-0
40.6
3.0
39 o ?
2.9

97.1
95.6
99.4

92.7
89.3
97.7

r92.7
r89„0
98.1

r93.4
r90.1
98o3

93.1
89.9
97.7

,36
,23
,57
,44
,06
,95
94

3.52
3.40
3.75
3.63
3.21
3.10
78

r3.54
3.42
76
,64
23
,12
78

3.55
3.43
r3«79
3.66
3.24
r3.12
P 79

3.57
3.44
3.80
3.66
3.25
3.14

600
212

410
116

540
174

580
702

840
428
5,040

590
200
2,292

750
254
2,184

790
774
3,437

FOREIGN TRADE
EXPORTS ( M D S E . ) , INCL. REEXPORTS. TOTAL............. o a . m i l . $ .
Excl. Department o f Defense Shipments............. o e . e o CIO . . .
Seasonally adjusted*.........o.................. o c o o e CIO araa

3,939.9
3,906.2
3,660.9

3,769.6
3,717.9
3,730.2

4,156.0
4,107.9
3,814.6

3,873.0
3,829.0
3,543.1

3,970.4
3,913.5
3,782.6

GENERAL IMPORTS, TOTAL.................. ............ r, o €. . o QO o a a
a e o . «.
o QO c o o
Seasonally adj usted. . ..... . . . . . « . . ...............

3,175.6
3,337.8

3,504,, 2
3,265.5

3,911.5
3,569.2

3,897.6
3,757.8

3,844.9
3,987.6

rj Revisedo p /
USCOMM—DC—7808

Preliminary.

UNITED STATES
GOVERNMENT PRINTING OFFICE
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W A S H I N G T O N , D.C.
20402
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