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.JUJJBZ"" IB "1 BUSINESS ol °F BUSINESS tCO June 21, 1957 STATISTICS A WEEKLY 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 INDEX, S 9 4 7 - 4 9 ="|00 INDEX, 1 9 4 7 - 4 9 = 100 250 250- Weekly Monthly ELECTRIC POWER PRODUCTION 1957 (seasonally adjusted) ^—.as^ssio- 225 1956^ | 200 175 150 ^ m ^ ^ ^ fil i i i l 1 i i i i i 1 I 1 1 i 1954 ! 1 i \ I 1 1 1 [ BILLION DOLLARS 350 1 1 1 1 1 1 1 1 1 M 11 1 M 200 -j 175 1 1 1 I I I I I I > I I I IjJ 150 J F M A M J J A S O N D 1957 1956 1955 1 H INDEX, 1947-49 = 100 180 PERSONAL INCOME TOTAL INDUSTRIAL PRODUCTION (Seasonally adjusted, at annual rates) (F. R. B. seas. adj. index) 160 300 V Total 140 250 Wage and Salary Disbursemen ts S20 2 0 0 bJ \ 1 I I I I I I M I I LLJLJ l l M M M H I l l l l l l l l M H l l m i l , 1954 1955 1956 1 0 0 I I I I M I I I I IJ 1 M I I I I I I I M 1 I I I I 1 i I I I I I I I I I I I I I I I I I !954 1957 INDEX, 1 9 4 7 - 4 9 = 100 INDEX, 1 9 4 7 - 4 9 = 100 130 200 WHOLESALE PRICES Commodities Other Than 120 h-"Farm Products 8 Foods 175 1956 1957 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) Payrolls 110 1955 K ALL COMMODITIES IOO Farm Products / 100 90 h 8 0 h i i i i I» n i i n S954 i i i i I i M i i I i i i i i I i i i 11 I n i i i I i 11 i i S955 I956 .1957 75 I n i i i I i i n i I i i i n I 1 i I i i I i i i I I h M n I n i i i i i I M i 1954 1955 1956 1957 WEEKLY BUSINESS STATISTICS1 1957 1956 ITEM June 16 June 9 May 25 June 1 June 8 June 15 Commodity prices, wholesale: ....1947-49^100.. . .do.... do.... do.... « e * # « e « « e e eOOe ae• do.... 88.2 124 1,298 1,225 * 114.2 *9I.2 *I02.3 *!2!.5 89.0 131 E 1,250 1,177 88.3 116 1,357 1,270 117.5 90.6 106.5 125.3 89.5 124 88.7 110 1,399 1,310 117.5 90.6 106.8 125.3 89.6 e9 ..,«ee« " Finance: Federal Reserve bank credit outstanding, total 3/....do.... do.... Federal Reserve reporting member banks in leading cities:^/ Demand deposits, adjusted.•••••••••..,•< ....mi 1. of dot.. Time deposits, except U. S. Government., Loans and investments (adjusted), total, ..do Commercial, industrial, and agr. loans (gross)...do.... 30,505 25,320 18,819 602 30,542 25,251 1 18,749 | 516 | 30,645 25,070 18,818 492 30,660 24,833 18,616 326 30,836 24,987 18,846 442 55,641 21,806 84,726 26,719 27,971 8,508 56,974 j 21,851 85,236 26,745 ! 28,258 8,547 55,151 23,356 85,626 25,114 31,328 8,664 55,149 23,506 86,242 25,878 31,077 8,66! 55,320 23,556 86,210 25,790 31,170 8,649 309 4.03 47.14 50.53 225 4.06 47. SI 50.57 289 4.09 47.27 50.81 1 257 3.46 45.63 48.62 286 3.46 46.42 49.56 hb 1 ~ . 1,617 10,951 126,464 6,998 1,687 11,425 121,376 7,066 1,594 11,574 150,835 7,457 1,618 10,936 99,950 7,418 1,670 11,550 152,887 7,338 .thous. of cars.. do 2,380 #96.7 787 383 2,299 #93.4 80! 381 2,212 86.4 723 343 2,252 88.0 672 318 2,240 87.5 733 349 Bond yields, domestic corporate (Moody's) 3/ .percent.. Stock prices, 500*stocks (Stand. & Poor's)4/...194l-43«10.. Production: Bituminous coal 3/...................thous>. of short tons.. Electric power, by uti1ities....••••••••• • .mi 1. of kw.-hr.. ..thrtiis- o f 30,903 24,988 18,834 48! ,,...«.,« 265 4.14 48,05 51.82 147,437 2,214 86.5 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. ,4/ Wednesday data; S&P's index on revised basis. 1/ Week beginning June 17, 1957: Production, 2,240 thous. short tons; operating rate,"~87.5 percent. *Monthly index for June 1956. #Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1957 1956 ITEM April May February March Apri 1 May GENERAL BUSINESS INDICATORS Personal income, by source: Seasonally adjusted at annual rates: Wage and salary disbursements, total.... do.... do.... ..do.... ..do.... do.... do.... Persona! interest income and dividends.. ••..,,,,,oo.... do.... Less personal contributions for social i nsurance.do.,*. 321.7 222.9 96.8 59.1 29.8 37.2 322.8 223.2 96.8 59.1 30.0 37.3 7.2 49.7 29.1 18.6 5.8 306.8 7.2 50.! 29.4 18.7 ' 5.8 1 307.6 144 146 162 152 174 136 rl73 201 164 141 142 1 157 1 144 167 I 130 rl68 189 r!63 119 126 158 141 l!7 i 125 162 140 336.6 233.7 101.9 61.5 31.4 38.9 338.1 234.5 102.0 62.0 31.5 39.0 339.3 r234.9 r102.2 r6l.8 31.7 r39.2 340.4 234.7 101.6 62.1 31.7 39.3 7.5 51.5 30.7 19.9 7.5 51.6 30.9 20.3 6.7 322.7 7.5 r51.6 31.1 20.9 6.7 324.0 7.6 51.7 31.3 21.8 6.7 325.1 rl38 rl77 231 174 148 150 166 144 rl84 r!38 r!77 r228 174 rl44 rl46 163 r!4l rl79 139 rl7l r222 rl75 pl43 pl44 p!59 p!37 pl74 p!35 pl66 p2l4 pl7l 119 112 151 137 119 rl 12 rl53 139 rl 18 rl 17 r!56 r!38 pi 14 pi 15 p!56 pi 36 131 139 145 !3I r87 157 133 144 r!39 rl30 88 r !55 r!29 r!43 r!38 r!29 84 r!5! p!29 p!43 pl4! p!30 p83 pi50 6.7 321.3 Industrial production (FRB): Metal fabricating (including ordnance)••»«••••,do,,•, Instruments and related products...,. do.... ..do,... Coal £ / Revised. £ / Pre!iminary. do.... do.... do.... 129 137 135 130 86 15! r!28 136 137 130 85 !49 rl48 149 167 149 rl85 MONTHLY BUSINESS STATISTICS — Continued 1956 •ITEM 1957 May April February March May Apr i 1 GENERAL BUSINESS INDICATORS - Continued Industrial production (FRB) - Continued -49=2 100.. ».«do.... ...do.... Metal fabricating (including ordnance)...... s « • G O . • « , ...do.... ..•do.... •..do.... .•do.... •..do.... ..•do.... ...do.... ...do.... 143 144 159 146 170 136 r!70 193 162 141 143 157 14! 167 130 r 171 187 164 123 122 158 144 130 135 139 129 89 147 123 12! 162 143 129 135 140 128 85 149 141 154 162 150 109 132 141 140 145 11! 124 131 127 136 108 125 132 118 141 110 146 r!48 1 164 143 180 r|38 r!72 224 174 r!45 147 162 137 179 137 r!72. 222 1 173 I r!44 I r!45 16! r|36 1 r!76 139 ! 167 r2!7 173 p!43 p!45 p!60 p!34 p!75 p!35 p!69 p2!3 p!71 p!20 118 113 155 j 136 1 131 ! 141 143 1 132 r87 rl54 rl 18 rill rl54 137 131 14! 133 r93 152 r!2l 112 r!56 14! rl30 r!4l r!42 r!28 88 rl47 143 r!57 1 178 140 112 138 149 167 ! 134 '114 142 155 171 143 III 134 144 159 132 111 r!32 rl42 155 132 rl09 rl26 r!33 141 128 rliO p 126 p!33 pi44 pl25 pl08 pl26 pl33 pl39 p!29 piiO ||7,l rl4l t p!!2 pl56 pl39 p!30 pl42 p!44 p!28 p84 pl50 Consumer durables output (FRB): ..do.... .•.do.... ••do.... 1 ..do.... Major household goods •••••••.. ,«do,,., ..do.... COMMODITY PRICES Reta i1 pr i ce: All commodities (U.S. Dept. of Commerce index).1935-•39s100.. Wholesale price index, all commodities ..1947-•49=100.. Economic sector: 209.8 114.4 214.9 117.0 214.7 116.9 214.9 117.2 95.4 121.7 112.7 88.0 101.8 89.5 70.8 100.4 115.6 105.9 109,0 79.3 96.6 122.2 113.6 90.9 111.8 90.5 74.4 102.4 115.5 107.9 109.3 82.1 96.7 125.1 117.0 88.8 96.1 87.0 75.0 103.9 115.9 112.5 105.9 83.9 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 r125.0 117.4 90.6 103.0 87.3 79.3 104.3 116.8 111.4 104.9 88.2 96.6 124.8 1 17,5 89.5 109.0 85.4 78.7 105.0 116.5 1 10.7 104.7 91.5 121.6 106.9 110.6 118.0 100.6 128.5 135.7 147.7 128.6 127.4 145.0 95.1 121.7 121.7 106.9 110.8 118.0 100.0 128.0 136.5 146.8 128.6 127.3 143.5 94.9 121.6 125.5 108.8 119.6 121.9 98.0 120.7 144.5 151.4 132.7 128.5 143.9 95.7 124.1 125.4 108.8 119.2 121.9 98.4 120.1 144,8 151.0 133.2 128.7 144.3 95.4 124.1 r125.4 109.1 rll9.5 r!2U5 98.8 120.2 145,0 150,1 r!34.6 r128.6 144,5 r95.3 r124.5 125.3 109 1 119.1 121.5 99.1 119 7 145.0 150.0 !35. 1 !28 9 144,7 95.4 124.5 II 1.4 109.9 75.3 1.5 113.7 110.8 76.3 2.9 r65.8 r63.1 r45.l r2.7 83.0 75.5 54.2 7.5 92.0 89,5 62,3 2.5 102.0 96.0 66.7 6 0 .•do.... 1,157.0 1,146.0 r923.0 880.0 940.0 990.0 usands.. 66,555 r63,991 6,387 57,603 2,564 67,846 65,238 7,146 58,092 2,608 66,311 63,190 5,195 57,996 3,121 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 r5l,178 r16,782 r51,578 r16,730 r51,704 r16,945 r51,894 r16,933 r52,242 16,807 p52,354 p16,685 ..do.... Fruits and vegetables, canned and frozen. Commodities other than farm products and foods ..do.... •.do.... ... •.do.... ..do*... ••do.... .•do.... ..do.... ..do.... ..do.... Tobacco manufactures and bottled beverages | 1 ; 208.8 113.6 Intermediate materials, supplies, and components, ••do.... ••do.... •.do.... ••do.... ..do.... ••do.... ..do.... 1 E ' CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwel1ing units started: Unadjusted: Total, privately and publicly owned... .thous.. Seasonally adjusted at annual rats: EMPLOYMENT AND WAGES Labor force (Bureau of the Census) :J/ ..do.... ..do.... Employees in nonagricultural estab1ishments: 2/ Total, unadjusted (U, S. Department of Labor) ..do,,.. r/ Revised. j>/ Preliminary. ±/ Estimates beginning January 1957 reflect certain changes made in the definition for employment and unemployment, etc. Figures for May i957, comparable with data through May i956, in order as above (thous.): 67,956; 65,467; 6,663; 58,804; 2.489. 9/ Data for em«loym^nt ; hours, and earnings have been adjusted to the 1st quarter 1956 benchmark arid are not strictly comparable for with FRASER data shown in the^ay 1956 SURVEY. Digitized http://fraser.stlouisfed.org/ JS3S6. Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS — Continued 1956 1957 ITEM Apr! I Nay February Aprl I March May EMPLOYMENT AND WAGES - Continued d./- Con« Empioyees in nonagr. establishments, unadjusted-^ thousands,, Contract construction........................... * B e * do... Transportation and public uti I I t i e s e c e 8 e 9 e e t s s c.. o 0»«do.s«, Wholesale and retail trade..........................dO... Finance, insurance, and real estate.................do... Service and ml see ISaneous...................... do,., Government.. ................................... « e o a .do.« e Production workers in manufacturing Industries?^/ <•••« .do... OurabIe-goods 1ndustr i e s 9 , e 9 , e e 9 9 8 9 , . 8 . e 9 9 4 , e o 8s . © . . 0 0 . e . Ordnance and accessor Ies. .<*,*««».«.«.a.* *«.„<»... • .«do9(Be Lumber and wood products (except furniture).. •edoffls. Furniture and fixtures....».................. s . d o e @ e Stone, clay, and glass products..4.••••••«••• ..do... Primary metal i n d u s t r i e s e s « . e e e e o s e e e e e s e e e . e ,.do... ••do... Fabricated metal products 2 / t 9 , „ „ M 8 Machinery (except electrical)•••••,...••••..• B .do.« c *«do.a<! E lectr icaI machInery. Transportation equipment.................."... ••do... Instruments and related products............. s *do«. e Nondurab le-goods industr ies e •• • •••••••••.•••.••••••do.. Food and kindred products........................do... Tobacco manufactures s ••••.••.••••••.•.••••••••••«do e ., Text!le-mi11 products............................do.. Apparel and other finished textile products......do.. Paper and allied products....... do.., Printing, publishing, and allied products........do.. Chemicals ajt4 allied products.... do.. Products of petroleum and coal...................do.. Rubber products..........'......................... do... Leather and leather products.••••••••••*•••..••••• do... Manufacturing production-worker indexes: J/ Emp loyment: Unadjusted. 1947-49= 100 .. AQJUSTeQ»».eee«eeeee«ae.eoeee««««..o»o» . QO.. Payro11s', unadjusted. •••••••••••••••••••••••••••do.. Hours and earnings; J./ Average weekly hours per worker, all manufacturing..hours, Durable-goods industries. .do.. Nondurab le-goods i ndustr ies do.. Average weekly earnings, all manufacturing... dollars Durable-goods i ndustr ies.. .do.. Nondurabie-goods industries.«... do.. Average hourly earnings, all manufacturing. .....do.. Durable-goods i ndustr ies...........................do.., Nondurable-goods i ndustr ies. .do.. r808 r2,757 r4,130 r11,065 r2ff289 r6,207 r7,140 r806 r2,970 r4,149 rII,126 r2,299 r6,282 r7,2!6 r833 r2,673 r4,120 r! 1,225 r2,30l r6,273 r7,334 r83l r2,756 r4,147 r 11,265 2,310 r6,3!7 r7,335 r833 r2,9!6 r4,158 r11,424 r2,3!9 r6,435 r7,350 p830 p3,066 P4,I6I pit,415 p2,333 p6,497 p7,367 r 13, 137 r7,706 84 r656 r3!7 r472 1,136 r896 1,292 r869 r1,360 r229 r13,063 r7,648 83 r683 r3!3 r473 r1,118 r882 r1,280 r866 r1,324 r228 r13,114 r7,72l 79 r589 r3!3 r449 H , 124 r902 r1,294 r877 rI,482 r230 r 15,085 r7,693 r 12,956 r7,625 79 r78 r593 r3!2 r45l rl,M2 r898 rl,29l r869 r1,474 r23l r6SI 31J r456 rS,099 r889 rI,277 r853 r 1,436 r23l pl2,83l p7,564 p78 p627 p308 p456 pi,090 p876 pi,251 p850 pi,418 p227 r5,43» rl,OI5 r78 r977 r 16065 r46S r548 r565 r!72 r2!4 r337 r5,4!5 rl,042 r78 r969 r 1,046 r464 547 r556 S72 r2M r33i r5,393 r987 r84 r933 r 1,095 r466 r555 r548 r!73 r2!3 r340 r5,392 r989 rll r929 rS,098 r467 r559 r550 ri73 r2!l r34l r5,33l r989 r!95 r334 rS,267 pi,006 p73 p9S0 pi,018 p463 p560 p544 pl?3 p201 p32l r106.2 r107.3 r158.5 r105.6 r107.1 r156.4 r 106.0 r106.4 r165.0 r105.8 r106.0 r164.3 r!04.7 r105.8 r162.2 p103.7 p105.2 pi 60 ,,2 40.3 41.1 39.2 78.99 85.49 70.17 1.96 2.08 1.79 r40.0 40.8 r39.0 r78.40 84.86 r70.20 rl.96 2.08 1.80 40.2 40.9 39.3 82.41 88.75 73e SO 2.05 2.17 1.86 40.1 r40.8 r39. 1 82.21 r88.94 r73.12 2.05 2.18 1.87 r39.8 r40.5 r38.8 r8i.99 r88.29 r72.56 r2.06 p39.7 p40.2 p38.8 P8I.78 p87.23 p72.94 p2.06 P2.I7 pi,88 624 503 719 520 559 385 583 411 606 455 2,232 2,254 1,610 S,909 74 r920 r1,068 r467 r560 r552 172 2.18 1.87 METALS AND MANUFACTURES Industrial trucks (electric), shipments; Hand (motorized) ..................number, R i der- type »•«••••••••••• ............do.., Industrial trucks and tractors (gasoline-powered), shipments •••.•••••• • number, j r / Revised. j>/ P r e l i m i n a r y . 3B 3S4 U See note 2 for p. 3. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. O F F i C I A L BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 1,941 2/ Except ordnance, machinery, and t r a n s p o r t a t i o n equipment. PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300