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MARCH 1, 1974

BUSINESS
STATISTICS

A WEEKLY
SUPPLEMENT
TO THE
SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
1-43 = 10

1 9 4 1 - 4 3 = 10
150
140

-

-

1973
Lx
-

— 130

AA~

X

I

1974

1971

1972

Data: Standard & Poor's Group

1973

110

Weekly
(Wednesday
i i J i , I
J F M A M J J

1974

1967=100
200
RAW STEEL PRODUCTION (ingots and all other forms)
150

120

100
~
close)
, , , ,
90
A S O N D

1967 =100
200

_

-

150
1974

-

1973

-

-

I

1973

1972

1967=100
160

1974

50

Weekly

Monthly
1971
Data: Amer. Iron & Steel Inst.

~ 100

I

I 1 1 1 1 1 1 1 1
J F M A M J J A S O N D

0

Million
3.5

PRIVATE HOUSING STARTS
3.0

(seas, adj., atannual rates)

2.5

2.0
1.5

1.0
1971
Data: U.S. Dept. of Labor

1972

1973

1974

-.i....U,...L,L..I LJU—L-1 1 1 1 1 Ll l I II.
JLULL 1 I 1 I 1 1 1 1 1 II I 1 i M l.J
il,
1973
1971
1972
1974
Data: U.S. Dept. of Commerce

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement
and monthly data subsequent to those published in the latest monthly SURVEY

provides selected weekly



WEEKLY BUSINESS STATISTICS1

2

1974

1973

Feb. 16

Feb. 17

Feb. 24

Feb. 2

Feb. 9

1967=100..

142.8

144.6

217.5

221.7

226.1

mil. $..
.do....

8,687
5,725

8,853
5,648

8,934
6,021

8,556
6,025

8,876
6,183

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..

243
2,246

381
2,722
2,550
170

459
2,781
2,607
198

352

194

221
2,268
2,078
188

264

FINANCE:
Currency in circulation 3/
mil. $..
Federal Reserve bank credit outstanding, total 37...do....
Member bank reserve balances 3/
,
do....
Excess reserves, estimated 3/..
do....

64,673
77,661
31,809
187

64,743
77,927
32,038
505

69,931
85,880
36,151
276

69,935
85,004
35,445
101

70,500
85,662
35,367
319

Assets and liabilities of large commercial banks: 4/
Demand deposits, adjusted......
do....
Savings deposits.
do.
sa»0000s„.
Loans and investments, gross adjusted, total
do....
U.S. Government obligations. .
do....
Commercial and industrial loans (gross)
do....
Real estate loans (gross)
do... .

96,616
58,183
312,349
27,134
94,816
46,889

95,634
58,110
312,045
25,813
95,252
46,897

99,325
56,810
351,606
25,687
109,471
55,627

97,417
56,916
353,584
25,546
109,698
55,698

95,586
56,950
352,287
25,466
109,873
55,678

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

7.57
115.10
128.97

7.57
114.69
128.50

8.18
97.06
108.40

8.15
93.26
103.96

8.17
90,98
101.23

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

10,975
36,947
223,826
9,329

11,060
35,814
218,150
9,389

12,475
34,363
152,610
9,234

11,805
36,343
112,920
9,212

12,295
35,673
138,953
9,153

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

118.2

2,883

2,908
119.2
15.9

2,900
118.9

2,838
116.3

2,906
119.1
16.7

WHOLESALE PRICES, 22 COMMODITIES 2/

-

ALL RETAIL STORES, SALES...
Nondurable goods stores

PRODUCTION:
Bituminous coal..
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate 3
Steel, raw
Index of production...........
RAIL FREIGHT, REVENUE TON-MILES. ..

1/ Data do not always cover calendar weeks.

2,060

16.0

2/ Tuesday price.

3/ Daily average.

16.6

16.8

4/ Wednesday data.

MONTHLY BUSINESS STATISTICS
1973

1972
III

IV

I

II

III

IV r/

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
GROSS NATIONAL PRODUCT, TOTAL.....
bil. $,
Personal consumption expenditures, total
do...
Durable goods, total
do...
Automobiles and parts...
do..,
Furniture and household equipment
do...
Nondurable goods, total...
.do...
Clothing and shoes
do...
Food and beverages.
..........do..,
Gasoline and oil..
do..,
Services, total
do...
Household operation
.....do...
Housing.
do...
Transportation
do...
Gross private domestic investment, total
do..,
Fixed investment
do...
Nonresidential
do...
Residential structures.
do. . .
Change in business inventories...
do...
Net exports of goods and services
.....do...
Exports.
do...
Imports.
do...
Gov't, purchases of goods and services, total...do...
Federal
do...
National defense.
do...
State and local....
do...
NATIONAL INCOME, TOTAL..
Compensation of employees, total
Proprietors' income, total
Business and professional
Farm.
Rental income of persons
rj Revised.

Digitized for 11,580
FRASER


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

1,166.5
734.1
120.2
55.0
48.6
302.3
62.9
146.5
25.8
311.6
44.5
106.3
21.8

1,199.2
752.6
122.9
55.7
50.0
310.7
65.1
149.1
26.6
319.0
45.7
107.9
22.2

1,242.5
779.4
132.2
60.5
53.7
322.2
68.3
154.7
27.5
325.0
46.5
110.6
22.8

1,272.0
795.6
132.8
59.7
54.4
330.3
69.3
158.1
28.8
332.6
47.1
113.3
23.2

1,304.5
816.0
132.8
59.2
55.0
341.6
70.3
164.3
29.4
341.6
48.7
115.8
23.7

1,337.5
825.2
125.6
51.8
55.0
349.6
70.8
168.3
30.5
350.0
49.5
118.4
24.1

181.5
172.9
118.3
54.5
8.7
-3.8
74.0
77.7
254.7
102.3
71.9
152.4

189.4
181.2
124.3
56.9
8.2
-3.5
79.7
83.2
260.7
102.7
72.4
158.0

194.5
189.9
130.9
59.0
4.6
.0
89.7
89.7
268.6
105.5
74.3
163.0

198.2
193.7
134.1
59.6
4.5
2.8
97.2
94.4
275.3
107.3
74.2
168.0

202.0
197.3
138.0
59.2
4.7
7.6
104.5
97.0
279.0
106.8
74.2
172.2

213.9
195.9
141.8
54.0
18.0
12.8
116.4
103.6
285.6
106.8
73.0
178.8

949.2
713.1
74.1
54.3
19.8
24.9

978.6
731.2
77.1
55.3
21.8
24.9

1,015.0
757.4
80.6
56.3
24.3
24.7'

1,038.2
774.9
81.5
57.1
24.4
24.6

1,067.4
794.0
85.0
57.9
27.1
25.3

814.7
89.8
58.5
31.3
25.7

MONTHLY BUSINESS STATISTICS — Continued

3
1973

1972
ITEM
III

IV

I

II

III

98.8
106.1
60.3
46.6
976.1
147.4
828.7
774.3
54.4

104.3
119.6
66.9
47.9
996.6
145.1
851.5
801.5
50.0

107.9
128.9
71.6
49.4
1,019.0
149.3
869.7
818.7
51.0

112.0
129.0
71.5
51.1
1,047.1
156.0
891.1
840.1
51.1

IV r /

GENERAL BUSINESS INDICATORS- Con.
NATIONAL INCOME AND PRODUCT—-Con.
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES- Con.
NATIONAL INCOME, TOTAL—Con.
Corp. profits and inventory valuation adj., total. ...bil. $..
do....

PERSONAL INCOME, quarterly total

91.5
98.4
55.6
45.7
943.7
142.8
800.9
755.1
45.8
1972

......
53.0
1,078.9
161.1
917.8
850.8
67.1
1974

1973

Dec.

Jan.

Oct.

Nov.

Dec.

Jan.

34,636
5,051
9,134

35,061
5,242
9,784

42,285
6,345
11,158

41,356
6,383
10,911

r38,047
r6,072
r8,755

38,523
6,592
9,234

36,614
5,567
9,601

37,773
5,449
10,259

41,567
6,730
10,809

41,896
6,792
10,624

r40,203
r6,687
r9,156

41,584
6,862
9,764

2,825
10,681
9,121
1,560

2,835
11,295
9,597
1,698

3,152
12,096
10,386
1,710

•3,260
12,320
10,713
"1,607

r3,143
rl2,208
rlO,661
rl,547

3,179
12,687
11,050
1,637

36, 730

37,657

44,517

43,845

r40,009

41,106

38,325
5,557
10,226

39,218
5,694
10,657

44,037
6,868
11,368

44,315
6,730
11,573

r41,546
r6,597
r9,218

42,319
5,725
10,155

2,785
11,815
9,991
1,824

2,751
12,037
10,277
1,760

3,220
13,488
11,595
1,893

3,358
14,124
11,970
2,154

r3,015
rl2,912
rll,569
rl,343

3,243
14,008
11,834
2,174

81,345

83,941

105,436

107,921

rl09,886

112,467

81,986
7,964
26,107

83,431
8,209
26,505

107,185
14,996
30,437

109,606
14,934
31,385

rllO,953
rl4,844
r31,446

111,687
13,706
31,841

1,933
50,165
30,162
19,553

1,849
50,907
31,292
19,615

2,281
60,165
39,253
20,912

2,379
61,968
40,511
21,457

r2,254
r62,671
r41,419
r21,252

2,317
63,991
42,200
21,791

127.3

127.7

136.6

137.6

138.5

139.7

127.6
126.9
122.9
123.8
121.7
120.3
135.4
138.0
126.0
131.2
118.3
127.3
131.2
136.8
121.0
142.6
121.9
119.4
122.5
122.3
125.0
121.3
118.9
110.6
115.0
144.5

127.5
127.3
123.4
124.7
120.9
119.9
135.7
138.3
128.6
136.1
119.1
130.5
131.5
137.0
121.8
142.6
122.8
120.7
. 124.1
122.2
123.0
121.0
118.5
111.1
112.8
144.3

133.1
136.4
133.5
137.4
127.0
123.2
142.2
145.2
148.4
170o 7
137.3
138.8
138.1
144.7
125.9
151.5
128.6
141.1
127.4
126.7
129.6
125.0
122.9
111.9
118.5
145.2

134.0
137.5
134.7
138.9
128.5
123.3
143.0
146.1
150.0
167.4
141.2
143.7
139.4
145.6
126.3
152.6
132.1
155.6
129.8
127.5
130.5
125.8
123.8
112.2
116.1
144.6

rl34.8
138.4 1
135.7
140.3
130.0
123.2
143.8
146.9
151.3
165.8
144.9
145.3
rl40.6
146.4
126.9
153.6
rl35.9
172.8
131.0
128.0
130.5
126.7
124.6
112.0
112.6
146.5

135.6
139.7
137.0
142.1
131.3
123.3
144.8
148.0
153.7
169.2
146e 3
149.7
142.2
147.4
127.3
154.8
140.8
194.6
134.3
129.0
128.8
128.1
126.2
112.9
107.0
146.0

MANUFACTURERS' SHIPMENTS: 1/
Value (not seasonally adjusted):

.....do....
Value (seasonally adjusted):
Durable goods industries, total

•....do....

Supplementary series:

MANUFACTURERS' ORDERS: 1/
New orders, net (not seasonally adjusted):
Durable goods industries, total
New orders, net (seasonally adjusted):

Supplementary series:

Unfilled orders, end of month (unadjusted):
Unfilled orders, end of month (seasonally adjus ted):

Supplementary series:

COMMODITY PRICES
CONSUMER PRICE INDEXES:
Unadjusted indexes:
.1967-100..
Special group indexes:

Food

Shelter
Rent..

..

Public
rJ Revised. _1/ Data for Jan. 1974 are advance estimates.




4 MONTHLY BUSINESS STATISTICS—Continued
1974

1973

1972

Dec.

Jan.

Jan.

COMMODITY PRICES--Con.
CONSUMER PRICE INDEXES--Con.
Unadjusted indexes--Con.
Health and recreation......................
Medical care.............................
Personal care............................
Reading and recreation...
PURCHASING POWER OF THE DOLLAR AS MEASURED B Y —
Consumer prices................................

124.1

132.1
140.6
127.3
127.2

132.6
140.9
128.1
127.5

133.0
141.4
129.2
127.6

133.7
142.2
129.8
128.3

$0,786

$0,783

$0,732

$0,727

$0,722

$0,716

.thous.
..do...
..do...

152.7
150.5
73.2

147.3
146.6
77.1

149.5
147.1
86.0

rl34.6
rl33.3
r70.5

r90.5
r90„4
r46.4

87.8
86.0
43.8

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

2,369
1,207

2,497
1,450

1,646
956

rl,675
r938

rl,400
r 760

1,486
803

..do.
..do.

2,399
1,001

2,233
1,062

1,316
654

rl,314
r647

rl,237
r606

1,354
641

141.9
111.5

142.3
111.3

149.6
109.5

rl50.3
109.1

rl51.3
rl09.3

pl5l.8
pl08.5

138.75
109.05

139.11
108.79

147.26
107.80

148.03
107.52

148.74
107.45

pl47.13
pl05.18

123.44
96.78

122.51
95.81

128.82
94.30

129.42
94.00

129.96
93.88

pl28.72
p92.02

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

127.5
134.4
121.5
124.0

127.8
134.9

.1967=$!.00.

121.8

CONSTRUCTION AND REAL ESTATE
NEW HOUSING UNITS STARTED:
Unadjusted:
Total (private and public)...................
Privately owned............................
One-family structures....................
Seasonally adjusted at annual rates:
Total privately owned........................
One-family structures......................
NEW PRIVATE HOUSING UNITS AUTHORIZED BY BUILDING
PERMITS (14,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total........................................
One-family structures......................
LABOR FORCE, EMPLOYMENT, AND EARNINGS
Earnings per production or nonsupervisory worker on payrolls of private nonfarm establishments:
Average hourly earnings index, seasonally adjusted:
Current dollars.
..1967=100.
1967 dol1ar s.......................................... do...
Gross average weekly earnings:
Current dollars, seasonally adjusted.
1967 dollars, seasonally adjusted........................
Spendable average weekly earnings (married worker with
three dependents):
Current dollars, seasonally adjusted.....................
1967 dollars, seasonally adjusted........................
xj Revised,

p/ Preliminary.

USC0MM—DC—11,580

UNITED STATES
GOVERNMENT PRINTING

OFFICE

DIVISION OF PUBLIC DOCUMENTS
W A S H I N G T O N , D.C.
20402

POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
375

OFFICIAL BUSINESS

First-Class Mail

'^e-vsi*

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