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BUSINESS
STATISTICS
A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS

S^^^ffliKMiP^BiiiBKKlWIR^MBiK
1941-43 = 10.
130
PRICES OF 425 INDUSTRIAL STOCKS

1941-43=10
130

Weekly
(Wednesday close)

Monthly

(avg. of daily dose)

1969

-

120

no

v

"Nv/f

120

\

p.

100

100

\

90
80

i

i

i

i

J

J

i

i

i

i _„J_„.

i

i

i

i

i

L i

i__j_i

i

™L_J

L_J

1 L .1 I

1-1

L_ — i _ J

LJ™J

1969

1968

1967

• » V I i !•

1 L J L .I-.,...L.,..L...

• • 1 80

J FMA M J J A S ON D

1970

Data: Standard & Poor's Corp.

1957-59=100
250

1957-59 = 100
250
RAW

STEEL P R O D U C T I O N

(ingots and all other forms)

200

200

Monthly

50

-I

I I 1 I I I I I I

I I I I I I I L_J_JL

1968

1967

I

I I I I I I I I

1969

1970

J

F M A M J J A S O N D

Data: Amer. Iron & Steel Inst.

Billion $
35
SALES OF RETAIL STORES
_ (seasonally adjusted)
30
25

-^^"^

Dollo
3.60

^

Goods

MANUFACTURING HOURS &
EARNINGS

_
44

— --

?0

42

—

15
Durable

Goods

/ • — ^ ^ *

—

V

10
5

46

(Hours seasonally adjusted)

Total

Nondun zble

Hours
48

40

Average Hours Per Week
(right scale)
-Li

1 I 1L L L I

1967

1 I

i i i i i 1 i i i i i i i i i i 1 i i i i i I l i I l l.i.J l l l

1968

Data: U.S. Dept. of Commerce

1969

I

1970

Data: U.S. Dept. of Labor

* 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




1 . . i i i I

1967

1968

I

38

I i i

1969

1970

WEEKLY

2

BUSINESS STATISTICS
1969

1970

May 31

June 7

May 16

May 23

May 30

June 6

1957-59=100.

108.2

109.1

113.0

112.6

111.6

111.9

mil. $.
do...

6,809
4,481

6,977
4,742

6,987
4,738

6,964
4,698

7,004
4,611

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.

135
914
855
169

149
909
849
163

242
1,801
1,689
212

231
1,751
1,639
230

224

198

235

53,568
63,301
27,752
23

53,589
63,540
28,084
-126

53,517
62,231
27,308
32

53,773
62,723
27,613
175

76,546
46,069
228,229
22,652
78,720
33,401

78,290
46,074
228,109
22,776
78,325
33,451

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

'

FINANCE:
Currency in circulation 3_/
Federal Reserve bank credit outstanding, total 3_/
Member bank reserve balances 3_/
Excess reserves, estimated^/

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

Assets and liabilities of large commercial banks: kj
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...

77,247
47,837
226,285
23,202
76,681
33,142

76,983
33,039

78,140
45,979
228,447
22,055
78,979
33,391

7.14
103.26
113.05

7.19
102.59
112.34

8.44
76.53
83.67

1,932
26,331
141,005
9,348

1,909
26,592
185,821
9,487

1,922
28,352
167,663
9,624

1,953
28,318
180,628
9,607

thous. sh. tons.
1957-59=100.

2,800
150.3

2,776
149.0

2,625
140.9

2,609
140.0

2,670
143.3

bil.

14.4

15.2

15.5

15.6

15.1

Bond yields, domestic corporate (Moody's) 3_/
percent.
Stock prices, 500 stocks (Stand. & Poor's) £/....1941-43=10.
Industrials, 425 stocks
do...
PRODUCTION:
Bituminous coal 3/
thous. sh. tons.
Electric power, by utilities
mil. kw.-hr.
Motor vehicles (passenger cars)
number.
Petroleum (crude) and condensate^/
thous. bbl.
Steel, raw»eae
Index of production

50,441
60,227
27,643:;
-19

50,033
59,788
27,729
-65

RAIL FREIGHT, REVENUE TON-MILES

_!_/ Data do not always cover calendar weeks. 2_/ Tuesday price.

MONTHLY

8.56
72.77
79.49

8.49
73. 52
80.27

2,275
27,851
172, 469
9,600

8.62
78.52
86.08

181,987

2,658
142,7

3J Daily average. 4/ Wednesday data.

BUSINESS STATISTICS
1969

1970

Mar.

Apr.

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

27,920
9,222
5,707
1,291
1,098

28,781
9,742
5,924
1,281
1,271

27,051
7,810
4,664
1,327
871

25,437
7,874
4,796
1,217
896

r28,715
r8,918
r5,456
rl,290
rl,031

29,507
9,487
5,752
1,317
1,172

Nondurable goods stores
do..,
Apparel group.
....do..,
Drug and proprietary stores..
do..,
Eating and drinking places
do..,
Food group
do..,
Gasoline service stations
do..,
General merchandise group with nonstores...........do...

18,698
1,528
932
2,000
6,160
2,053
4,247

19,039
1,642
931
2,073
5,984
2,070
4,500

19,241
1,412
1,018
2,026
6,816
2,079
3,969

17,563
1,241
950
1,945
6,040
1,917
3,719

rl9,797
rl,587
rl,022
r2,141
r6,438
r2,128
r4,614

20,020
1,516
981
2,197
6,422
2,195
4,759

do..,
do..,
do...
do..,
do...

28,881
9,377
5,518
1,409
1,261

29,409
9,575
5,572
1,433
1,261

29,570
8,886
5,114
1,457
1,143

29,980
9,143
5,325
1,422
1,205

r29,801
r9,134
r5,350
rl,4l8
rl,168

30,387
9,295
5,431
1,454
1,145

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

19,504
1,613
960
2,107
6,249
2,132
4,637

19,834
1,746
963
2,133
6,211
2,106
4,920

20,684
,616
,038
,209
,674
,184
061

20,837
1,735
1,034
2,270
6,655
2,183
5,114

r20,667
rl,608
rl,051
r2,273
r6,679
r2,203
r5,001

21,092
1,712
1,036
2,263
6,669
2,231
5,293

do...
do...

43,744
43,004

44,237
43,118

43,629
45,270

44,871
45,337

45,987
45,525

do...
do...

7,883
8,305

8,093
8,555

8,112
9,038

7,316
9,078

1 r8,952

Apr.

DOMESTIC TRADE
RETAIL TRADE, ALL RETAIL STORES:
ESTIMATED SALES (UNADJUSTED), TOTAL
Durable goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group

ESTIMATED SALES (SEAS. ADJ.), TOTAL
Durable goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable goods stores
Apparel group
Drug and proprietary stores
Eating and drinking places
Food group
Gasoline service stations
General merchandise group with nons tores
ESTIMATED INVENTORIES:
Unadjusted, total
Adjusted, total
-.
RETAIL FIRMS WITH 11 OR MORE STORES:
Estimated sales (unadjusted) , total
Estimated sales (seasonally adjusted), total....
r/

Revised.




r8,463

8,559
9,158

MONTHLY BUSINESS STATISTICS —Continued

3
1970

1969

ITEM
Apr.

May

Apr.

Feb.

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total, 16 years of age and over,
not seasonally adjusted
thous.
Civilian labor force
s a s s s » o s a = e a do» » =
Employed, total
do. - .
Nonagricultural employment
do. ..
Agricultural employment
do...
Unemployed (all civilian workers)
do...

83,137
79,621
77,079
73,471
3,607
2,542

83,085
79,563
77,264
73,370
3,894
2,299

84,625
81,283
77,489
74,495
2,994
3,794

85,008
81,690
77,957
74,786
3,171
3,733

85,231
81,960
78,408
74,877
3,531
3,552

80,434
77,589
73,928
3,661
2,845
381

80,130
77,321
73,544
3,777
2,809
400

82,249
78,822
75,323
3,499
3,427
465

82,769
79,112
75,562
3,550
3,657
545

82,872
78,924
75,338
3,586
3,948
569

3.5
2.0
3.8
12.7
1.5
7.0
3.1

3.5
2.0
3.7
12.4
1.5
6.4
3.1

4.2
2.8
4.1
13.4
2.0
7 0
3.

4.4
2.9
4.5
13.9
2.2
7.1
4.1

4.8
3.2
4.4
15.7
2.4
8.7
4.3

1.8
4.0
3.5
6.0
3.2
3.0

2.0
3.8
3.5
5.7
3.1
2.9

2.3
5.0
4.3
7.9
4.6
4.7

2.7
5.2
4.6
8.1
4.7
4.8

2.9
5.7
4.8
8.1
4.7
4.9

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....

69,789
624
3,363
20,111
11,868
8,243
4,439

70,013
622
3,407
20,118
11,874
8,244
4,444

71,004
634
3,418
19,886
11,608
8,278
4,511

r71,256
r626
r3,481
rl9,944
rll,648
r8,296
r4,502

r71,124
r622
r3,424
rl9,787
rll,525
r8,262
r4,464

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....

14,533
3,737
10,796
3,531
11,044
12,144
2,758
9,386
14,739
8,634
6,105

14,609
3,758
10,851
3,541
11,065
12,207
2,754
9,453
14,740
8,630
6,'110

14,991
3,876
11,115
3,654
11,415
12,495
2,721
9,774
14,467
8,364
6,103

rl4,984
r3,847
rll,137
3,665
rll,537
rl2,517
2,780
r9,737
rl4,512
r8,409
r6,103

rl4,975
r3,850
rll,125
r3,676
rll,552
rl2,624
r2,851
r9,773
rl4,384
r8,313
r6,071

HOURS (GROSS), AVG. 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...

40.8
3.7
41.4
3.8
39.8
3.4

40.7
3.6
41.4
3.8
39.8
3.4

39.9
3.2
40.4
3.2
39.3
3.2

40.2
r3.2
40.7
r3.2
39.4
3.2

40.0
3.0
r40.4
r3.0
r39.3
3.0

HOURLY EARNINGS (GROSS), AVG. PER PROD. WORKER ON PAYROLLS: **
Manufacturing, not seasonally adjusted...
dollars.
Excluding overtime
do...
Durable goods
do...
Excluding overtime
do. . .
Nondurable goods
do...
Excluding overtime
do.. .

3.15
3.02
3.33
3.19
2.87
2.76

3.16
3.03
3.35
3.20
2.88
2.77

3.31
3.19
r3.51
3.38
r3.03
r2.92

3.32
3.21
r3.52
3.40
r3.04
2.93

8,887.6
3,902.0
4,985.7
2,028.9
2,956.7

9,147.7
4,097.6
5,050.1
2,083.2
2,966.8

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

FINANCE
Bank debits to demand deposit accounts, except interbank
and U.S. Govt, accounts, annual rates, seas, adj.:
Total (233 SMSA's)
bil. $.,
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA's
do...,
226 other SMSA's
do...,
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent.,
Existing home purchase (U.S. avg.)
do...
Turnover of demand deposits except interbank and U.S. Govt.,
annual rates, seasonally adjusted:
Total (233 SMSA's)
ratio of debits to deposits.,
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA's
do...
226 other SMSA's
do...,

7.47
7.46

66.7
140.9
47.2
66.3
39.4

68.2
147.3
47.5
67.1
39.5

r9,793.6
4,232.1
5,561.9
2,309.1
r3,252.3

r9,842.7
4,336.7
r5,506.0
r2,291.4
r3,214.6

8.23
8.23

r8.29
8.26

72.4
148.8
52.0
74.2
42.9

r70.
145.
r50.
r72.
41.

10,163.
4,422.
5,741.
2,417.
3,323,
8.23
8.20

72.9
149.7
52.2
75.8
42.6

rj Revised. _p_/ Preliminary. ** Payroll employment, hours, and earnings data beginning Mar. 1970 reflect the annual BLS adjustment
to new benchmarks and new seasonal factors and are not comparable with the unrevised data shown for Apr. and May 1969 and Feb. 1970.
7431




4

MONTHLY BUSINESS STATISTICS—Continued
1969

1970

Mar.

Apr.

Jan.

Feb.

Mar.

Apr.

111,950
89,672
34,262
24,306
3,874
27,230

113,231
90,663
34,733
24,399
3,903
27,628

121,074
97,402
36,291
27,346
3,991
29,774

120,077
96,892
36,119
26,987
3,970
29,816

119,698
96,662
36,088
26,814
3,951
29,809

120,402
97,104
36,264
26,<850
3,960
30,030

78,006
37,257
18,253
10,294
8,927
3,275
11,666
320
22,278
9,139
7,961
1,178
6,340
5,037
1,303
6,799

79,062
37,854
18,418
10,508
9,008
3,274
11,601
325
22,568
9,216
8,040
1,176
6,557
5,237
1,320
6,795

84,531
40,144
19,703
11,468
9,683
3,533
12,871
333
23,672
9,092
7,887
1,205

84,393
39,990
19,652
11,459
9,691
3,601
12,499
331
23,185
9,074
7,857
1,217

5^932
1,607
7,041

5^210
1,579
7,322

84,308
39,956
19,586
11,533
9,650
3,583
12,354
331
23,036
9,054
7,843
1,211
6,645
5,062
1,583
7,337

84,802
40,245
19,672
11,644
9,652
3,589
12,302
332
23,298
9,102
7,892
1,210
6,900
5,289
1,611
7,296

8,132
2,750
2,423
2,959
7,840
2,541
2,521
2,778

9,024
3,023
2,668
3,333
8,033
2,552
2,575
2,906

7,490
2,130
2,663
2,697
8,257
2,441
2,926
2,890

7,106
2,214
2,275
2,617
7,616
2,386
2,634
2,596

8,243
2,584
2,725
2,934
8,473
2,615
2,898
2,960

8,773
2,776
2,792
3,205
8,331
2,600
2,756
2,975

8,381
2,730
2,625
3,026
7,735
2,501
2,461
2,773

8,720
2,772
2,763
3,185
7,960
2,519
2,569
2,872

8,521
2,479
2,925
3,117
8,141
2,469
2,722
2,950

8,625
2,536
3,018
3,071
8,207
2,550
2,761
2,896

8,392
2,496
2,922
2,974
8,194
2,501
2,792
2,901

8,491
2,571
2,843
3,077
8,195
2,527
2,729
2,939

FINANCE ~ Con.
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM):
Total outstanding, end of month
..mil. $
Installment credit, total...............................do..
Automobile paper. .....................................do.s
Other consumer goods paper.....9......................do..
Repair and modernization loans...
.do. .
Personal loans.«............................... .......do..
By type of holder:
Financial institutions, total...................... .do..
Commercial banks..............................<,.. .do..
Sales finance companies...........................do..
Credit unions.....................................do.*
Consumer finance companies.
.do..
Other.............................................do..
Retail outlets, total...............................do..
Automobile dealers.
....do..
Noninstallment credit, total........
.do..
Single-payment loans, total....... ................... .do..
Commercial banks-.......,.„„......«....,......•••.«-do* *
Other financial institutions......
do..
Charge accounts, total
........do..
Retail outlets.
.do. .
Credit cards........................................do..
Service credit.
do..
Installment credit extended and repaid:
Unadjusted:
Extended, total......
do..
Automobile paper
do..
Other consumer goods paper.......
do..
All other
.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..
Al 1 o ther
do..
Repaid, t o t a l
do..
Automobile paper
do. •
Other consumer goods paper
do..
All o t h e r
do..

"7

COO

C

"7QQ

USCOMM—DC—7431

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C

20402

OFFICIAL BUSINESS

First-Class Mail

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