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June 18,1976

v

A WEEKLY

BUSINESS
STATISTICS

"VOW'*

SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
Billion $

450

Billion $

TOTAL LOANS AND INVESTMENTS

425

450

Monthly

-

(Weekly Reporting Member Banks of Federal Reserve System}

400

425

-

*-

375

1976

400

1975

_

375

350

-

-

350

325

_

-

325

300

(average of Wednesday data)

275
250

—L_J

1 1 1 1 1 1 1 1—1

' ' ' '

i I

1975

275
1—1—L

1976

300

-

1 1 1 1 1 1 1 1 1 1 .1- 1 1 1 L 1 1 1 1 1 1 1

1974

1973

(Wednesday data)

J

1

1_ (

1

1

1

1

250

1

FMAMJJASOND

Federal Reserve Board

INDEX, 1967=100

INDEX, 1967=100
170 -

*

ELECTRIC POWER PRODUCTION

J

(E.E.I, seas. adj. index)

/

A

160

^J

Monthly

170
V

-

150

-

140

-

130
1 1 1 1 1 I 1 1 1 1 1

1 1 1 1J

1973

1 1 1 1 1 1

1 1 1 1 1 1 1 1 1 1 1

1 1 1 1 1 1 1 1 1 1 1

1975

1976

1974

J F M A M J J A S O N D

Data: Edison Electric Inst.

HOURS
I 52

DOLLARS
5.40
MANUFACTURING HOURS &
5.20
EARNINGS x

Biiiion $
60
SALES OF RETAIL STORES
(seasonally adjusted)

50

(Hours seasonally adjusted)

J 48

5.00
4.80
4.60

^ N ,

I 46

Average Hourly
Gross Earnings
(left scale)

-I 44
42

4.40

30

j\

Nondurable Goods

20

i i i i i i i i i i

1973
Data: U.S. Dept. of Commerce

1974

40

i i i i i i i i i i

i i i i i i i i i i i

1975

1976

111 11 i i

1973
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




1974

1975

1976

38

WEEKLY BUSINESS STATISTICS1

2

1976

1975

ITEM

May 22

May 29

June 12

June 7

June 14

1967=100.
do...
do...

186.1
205.9
173.4

186.6
208.2
172.9

202.1
200.5
203.2

202.6
203.1
202.1

204.1
206.8
202.2

mil. $.
do...

11,474
7,925

11,616
7,871

12,260
7,995

12,775
8,219

12,047
8,092

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.

443
5,036
4,048
211

422
5,043
4,019
193

311
3,547
2,707
254

311
3,386
2,579
162

308

79,904
96,905
34,511
334

80,476
92,044
33,707
-94

87,516
102,306
34,145
250

87,395
103,560
33,689
175

87,888
102,672
33,772
409

e88,604
98,211
33,133
-65

101,962
64,338
374,135
30,590
122,004
59,245

104,695
64,629
378,179
32,150
121,961
59,251

101,940
80,379
378,497
42,146
112,130
61,259

9.52
92.60
104.07

9.46
90.55
101.63

9.08
101.18
113.75

9.09
99.34
111.72

9.08
100.22
112.70

9.06
98.74
110.90

WHOLESALE PRICES, 22 COMMODITIES 2/
9 Foodstuffs
13 Raw industrials
ALL RETAIL STORES, SALES
Nondurable goods stores

FINANCE:
mil
Currency in circulation 3/
•$
Federal Reserve bank credit outstanding, total 3/
do..
Member bank reserve balances 3/
do..
Excess reserves, estimated 3/
do..
Assets and liabilities of large commercial banks: 4/
Demand deposits, adjusted
do..
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..
Bond yields, domestic corporate (Moody's) 3/
percent
Stock prices, 500 stocks (Stand. § Poor's) 4/...1941-43=10
Industrial, 425 stocks
do..

June 5

205.6
207.4
203.2

119

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

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

13,845
35,950
148,629
8,366

13,760
36,082
152,729
8,350

14,065
36,225
195,424
8,251

14,030
36,236
187,260
8,251

11,350
36,091
165,344
8,274

Steel, raw
Rate of capability utilization 5/
RAIL FREIGHT, REVENUE TON-MILES

thous. sh. tons
percent
bil

2,064

2,118

15.2

15.1

2,728
90.3
16.1

2,759
91.4
16.4

2,670
88.4
14.1

225

191,066

2,697
89.3

1/ Data do not always cover calendar weeks. 2/ Tuesday price. 3/ Daily average. 4/ Wednesday data. 5/ Capability for a full order book
based on current availability of raw materials, fuels, supplies, and industry facilities, e/ Estimated.

MONTHLY BUSINESS STATISTICS
1976

1975
ITEM
Apr.

May

Feb.

Mar.

Apr.

May

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

r444
r452
r473
r299
r398
r432
r315
r924

r457
r445
r457
r308
r401
r411
r343
923

r468
r433
r444
r420
r375
410
r295
874

r463
r436
r472
r425
r378
r399
r313
874

r473
r434
r468
424
r373
r391
r318
r875

479
450
447
484
398
384
317
877

435
r498
r523
r209

r469
r491
r589
r214

r503
r599
r595
244

r489
r594
r579
r229

r512
r580
r631
r225

509
571
624
233

r527
r522
r524
r606
73

r533
r526
r530
r612
75

r562
r550
r561
r649
72

r564
r555
r564
652
71

r570
r557
570
658
72

568
557
568
656
73

45,896
14,588
8,422
2,010
1,879

51,204
15,987
9,180
2,124
2,199

45,243
14,764
8,954
2,064
1,773

r51,752
rl7,758
rl0,932
r2,304
r2,137

r54,221
rl8,487
rll,191
r2,312
2,386

54,249
18,437
11,033
2,311

31,308
1,949
1,407
3,773
10,178
3,468
7,059

35,217
2,232
1,529
4,183
11,687
3,715
8,047

30,479
1,768
1,462
3,723
10,507
3,475
6,213

r33,994
r2,050
rl,571
r4,083
rll,176
r3,779
r7,696

r35,734
r2,349
rl,560
r4,212
rll,401
r3,855
r8,253

35,812
2,159
1,553
4,452
11,434
4,003
8,003

PRICES PAID BY FARMERS:

All commod., services, int., taxes, and wage rates...do....
PARITY RATIO
do
DOMESTIC TRADE
RETAIL TRADE, ALL RETAIL STORES:
ESTIMATED SALES (UNADJUSTED), TOTAL 1/
Furniture, home furn., and equip, stores
Building materials and hardware dealers

r/ Revised.
31,484

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

1/ Data for May 1976 are advance estimates.




MONTHLY BUSINESS STATISTICS —Continued

3
1976

1975
ITEM
Apr.

May

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

46,813
14,165
7,901
2,132
1,883

48,173
14,703
8,263
2,139
2,006

52,601
17,397
10,346
2,332
2,291

r53,344
rl7,403
rl0,162
r2,388
r2,364

r53,300
rl7,874
rl0,564
r2,386
2,367

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

32,648
2,179
1,455
3,898
10,598
3,532
7,638

33,470
2,216
1,499
3,935

10,875
3,565
7,981

35,204
2,369
1,572
4,174
11,424
3,861
8,401

r35,941
r2,377
rl,643
r4,321
rll,567
r3,892
r8,606

r35,426
r2,206
rl,574
r4,298
rll,314
r3,890
r8,298

do..
do..

72,847
71,483

72,050
70,826

73,350
74,344

75,914
75,089

76,996
75,652

do..
do..

13,917
14,624

15,860
15,149

13,349
16,079

r15,389
rl6,420

16,147
15,907

93,564
91,369
83,549
3,171
80,377
7,820

93,949
91,768
84,146
3,622
80,524
7,623

94,944
92,798
84,764
2,802
81,963
8,033

95,260
93,112
85,588
2,897
82,691
7,525

95,618
93,373
86,584
3,273
83,311
6,890

Civilian labor force, seasonally adjusted
do...
Employed, total
do...
Agriculture
do...
Nonagricultural industries
do...
Unemployed
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
White
Negro and other races
Married men, wife present
Occupation: White-collar workers
Blue-collar workers
Industry: Private nonfarm wage and salary workers.
Construction
Manufacturing
Durable goods

92,254
84,313
3,301
81,012
7,941
2,278

92,769
84,519
3,528
80,991
8,250
2,529

93,455
86,319
3,170
83,149
7,136
2,515

93,719
86,692
3,179
83,513
7,027
2,294

94,439
87,399
3,417
83,982
7,040
2,035

8.6
6.8
8.5
19.7
7.9
14.1
5.3
4.8
12.6
9.6
19.0
11.8
12.2

8.9
7.2
8.4
20.3
8.3
14.2
5.7
5.3
12.8
9.8
20.9
11.9
12.3

7.6
5.7
7.5
19.2
6.8
13.7
4.1
4.6
9.3
8.0
15.5
8.0
8.0

7.
5.
7.
19.
6.
12.
4.
4.
9.1
7.7
16.0
7.3
7.4

7.
5.
7.
19.
6.
13.
3.
4.8
9.0
7.6
15.3
7.6
7.7

EMPLOYEES ON PAYROLLS OF NONAGRIC. ESTAB.,SEAS. ADJ..thous.
Private sector
do...
Nonmanufacturing industries
do...
Goods-producing
do...
Mining
do...
Contract construction
do...
Manufacturing
do...
Durable goods
do...
Nondurable goods
do...

76,462
61,770
43,615
22,328
732
3,441
18,155
10,637
7,518

76,510
61,784
43,622
22,339
738
3,439
18,162
10,595
7,567

78,368
63,370
44,607
22,901
763
3,375
18,763
10,846
7,917

r78,630
r63,595
r44,718
r23,013
770
r3,366
rl8,877
rl0,937
r7,940

r78,942
r63,868
r44,899
r23,134
r773
r3,392
rl8,969
10,996
r7,973

Service-producing
do...
Transportation, communication, elec., 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 or nonsupervisory workers on payrolls of private nonagricultural establishments, seas, adj.:
Employees, total
thous.
Manufacturing
do...
Durable goods
do...
Average weekly hours per worker, seasonally adjusted:
Total private
hours.
Contract construction
do...
Manufacturing
do...
Overtime hours
do...
Durable goods
do...
Overtime hours
do...

54,134
4,508
16,847
4,176
12,671
4,209
13,878
14,692
2,731
11,961

54,171
4,491
16,857
4,175
12,682
4,208
13,889
14,726
2,732
11,994

55,467
4,517
17,326
4,236
13,090
4,266
14,360
14,998
2,740
12,258

r55,617
r4,498
r17,386
r4,236
rl3,150
4,276
rl4,422
rl5,035
2,732
rl2,303

r55,808
r4,512
rl7,444
r4,254
rl3,190
r4,290
rl4,488
rl5,074
r2,730
rl2,344

50,585
12,863
7,483

50,629
12,887
7,454

52,103
13,487
7,722

r52,293
rl3,577
r7,795

r52,529
rl3,666
7,854

35.9
36.8
39.1
2.3
39.7
2.4

35.9
36.9
39.0
2.4
39.5
2.2

36.4
37.9
40.3
3.1
40.7
3.0

36.2
35.9
40.2
3.2
40.6
3.1

DOMESTIC TRADE—Con.
RETAIL TRADE, ALL RETAIL STORES—Con.
ESTIMATED SALES (SEAS. ADJ.) , TOTAL 1/
Durable goods stores
Automotive dealers
Furniture, home furn., and equip, stores
Building materials and hardware dealers
Nondurable goods stores
Apparel and accessory stores
Drug and proprietary stores
Eating and drinking places
Food stores
Gasoline service stations
General merchandise group with nonstores
ESTIMATED RETAIL INVENTORIES, END OF MONTH:
Unadjusted, total
Adjusted, total
RETAIL FIRMS WITH 11 OR MORE STORES:
Estimated sales (unadjusted), total
Estimated sales (seasonally adjusted), total

Feb.

Mar.

Apr.

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...
Agriculture
do...
Nonagricultural industries
do...
Unemployed
do...

r/ Revised.
31,484

£ / Preliminary.




1/ Data for May 1976 are advance estimates.

36.
r37,
r39.
r2.
39.
r2.

MONTHLY BUSINESS STATISTICS—Continued

4

1975

ITEM

1976

May

Apr.

Feb.

Mar.

Apr.

May £/

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Con.
Earnings per production or nonsupervisory worker on payrolls
of private nonfarm establishments:
Hourly earnings, average, seasonally adjusted:
Total private nonfarm payrolls
dollars
Mining
do..
Contract construction
do..
Manufacturing
do..
Transportation, communication, e l e c , gas, etc
do..
Wholesale and retail trade
do..
Finance, insurance, and real estate
do..
Services
do..
Average hourly earnings index, seasonally adjusted:
Current dollars
1967=100
1967 dollars
do..
Mining
do..
Contract construction
do..
Manufacturing
do..
Transportation, communication, e l e c , gas, etc
Wholesale and retail trade
Finance, insurance, and real estate
Services
HELP-WANTED ADVERTISING, SEAS. ADJUSTED INDEX

,47
,71
.18
,73

4.49
5.82
7. 16
4. 75

,77
,68
,08
,99

5. 82
3. 71
4. 11
4. 01

4.75
6.26
7.46
5.04
6.29
3.88
4.30
4.27
180.8
108.1
193.6
180.1
179.8
194.1
174.4
168.3
185.4

4.77
6.30
r7.59
r5.08

r4.78
6.27
r7.58
r5.06

6.33
r3.90
r4.30
r4.27

r6.35
r3.91
r4.34
r4.30

181.4
108.2
rl94.8
rl83.4
180.7
rl94.8
rl74.9
rl68.3
rl85.2

rl82.3
rl08.3
rl95.1
rl83.6
rl81.8

169.4
106.8
178.
173.
168.

170.
107.
180.
173.
169.

6
0
7
4
7

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

177.6
164.9
159.4
172.5
74

179.
166.
160.
173.

3
4
4
5
74

mil. $
do..

13,592
rl3,765

13,722
13,442

13,116
13,768

16,458
15,930

16,361
14,747

do..
do..
do..

13,168
rl3,408

12,993
13,359
153,411

15,824
14,656
160,094

16,318
14,805
160,621

15,775
14.. 339
162,236

93

94

rl95.6
rl75.5
rl69.9
rl86.4
p91

FINANCE
CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM):
Installment credit, extended and repaid:
Unadjusted:
Extended, total
Repaid, total
Seasonally adjusted:
Extended, total
Repaid, total
Installment credit, total
r/ Revised. £ / Preliminary.
USCOMM—DC—31,484

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON, D.C.
20402
OFFICIAL BUSINESS

First-Class Mail

.QV-UTIO*

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WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS



POSTAGE AND FEES PAID
U.S. DEPARTMENT OF COMMERCE
COM-209

4.34
183.6

197.8
184.9
182.4
197.8
176.8
172.3
188.3