The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
March 14, 1958 I INCOME 1!AYM ENTS P % ^ SURVEY O F CURRENT BUSINESS BUSINESS 07 Busf^it^ 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 Billion Dollars Billion Dollars 35 70 MANUFACTURERS' SALES & INVENTORIES j BO r Billion Dollars 20 SALES.OF RETAIL STORES (seasonally adjusted) (seasonally adjusted) Safes 60 \ mA V%/%^ (left scale)N 25 1 50 •"""\ inventories^ (right scale) 20 L H1 4 0 Durable Goods *" BOOK VALUE, END OF MONTH 151a i u 11 • i i t 1 1 , i i i i i i 1 i 1 I I \ i 1 I I i 1 i j i ( 1 ! 1 1 8 i 1 1 1 31 0I I J 1955 1956 1957 M M l l m i l 1958 Index, 1947-49 = 100 ISO 1955 i i i 1 i i i i i 1956 U I I I I I II I I I I I M I I M I I 1957 1958 Billion Dollars 60 i CONSUMER CREDIT OUTSTANDING DEPARTMENT STORE SALES & STOCKS (short- and intermediate-term) (seasonally adjusted) 50 Total (end of month) Safes 120 10© I j I ' ' I I I I I I ,', M ,1 U I ,1,' U I I I I I I I t I I I S I f I JJJLJjJLLLJJJ. 1955 1956 1957 1958 S956 1955 Hours 56 MANUFACTURING HOURS ••& EARNINGS 2.20 K Employment 52 Average Hourly Gross Earnings (left scale) 125 1958 Dollars 2.40 Index, 1 9 4 7 - 4 9 = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 175 150 1957 v 2.00 H 48 .80 44 S.60 100 40 Average Hours Per Week (right scale) 75 LIJLJ-XI±IJJULLLU I M I, I I I n I I I I I I I M I I I. 1955 1956 1957 ilium 1958 L 4 0 ,UU-i. M I M I n I I u i I I I i i i 1955 1956 I M I l l l M I I u i i i I I I i i 1957 1958 36 WEEKLY BUSINESS STATISTICS' 2 1957 ITEM 1958 Mar. 9 Mar. 2 Feb. 22 Feb. 15 Mar. 1 Mar. 8 Commodity prices, wholesale: *II7.0 *88.8 *I05.9 ! *I25.5 j 88.6 98 1,776 1,645 527 . •••• 88.0 99 1,822 1,684 284 118.8 95.4 108.9 S25.8 85.9 96 5,558 5,086 519 1 19.1 96.9 109.5 125*8 86.2 82 5,479 5,225 517 119.2 97.3 109.7 125.8 85.7 100 119.4 99.0 109.5 125.8 85.6 351 358 30,562 24,309 18,674 551 Finance: Federal Reserve bank credit outstanding, total 3/ do.... do.... Federal Reserve reporting member banks in leading cities: 47 Time deposits, except U. S. Government.. Loans and investments (adjusted), total. do.... Commercial, industrial, and agr. loans (gross)....do.... do.... Bond yields, domestic corporate (Moody's) Stock prices, 500 stocks (Stand. & Poor's)' 4/...1941-45=10.. 50,544 24,815 18,685 465 50,566 24,871 18,721 490 50,675 24,545 19,054 520 50,642 24,850 19,122 625 50,542 24,527 18,909 454 56,570 22,621 85,058 25,725 50,514 8,762 55,791 22,755 84,975 25,552 50,444 8,756 55,548 25,455 87,156 26,515 50,550 8,758 54,882 25,604 87,027 26,452 50,451 8,757 54,945 25,768 87,361 26,856 30,448 8,742 5.98 45,41 46.05 5.97 44.55 47.17 4.01 40.95 45.66 4.00 41.15 45.88 4.00 40.92 43.62 1,617 !1,867 158,996 7,815 1,528 12,417 120,565 6,852 1,152 12,558 107,460 6,808 1,407 11,803 108,959 6,841 2,411 94.2 672 547 1,445 #55.5 555 266 1,573 #50.9 492 250 1,475 #54.6 554 282 4.03 41.47 44.25 Production: s. of short tons.. Steel 5/ 1,610 1 1,791 162,105 7,519 thou 5. of short tons.. 2,456 96.0 704 565 ..thous. of cars.. 100 960 1,425 #52.8 ±/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 47 Wednesday data. .5/ Week beginning March 10, 1958: Production, 1,442 thous. short tons; operating rate, 55.4 percent. * Monthly index for February 1957. # Based on January I, 1958, annual capacity (140,742,570 tons); not comparable with 1957 rates which are based on January I, !957, annual capacity (155,459,150 tons). MONTHLY BUSINESS STATISTICS 1956 1957 1958 ITEM December January October November December January GENERAL BUSINESS INDICATORS Manufacturers' sales: of do!.. Transportation equipment (Incl. motor vehicles) •••do.... ••do.... Durable-goods industries, total _£/..«............ 28,928 14,365 2,574 1,465 4,080 3,61 1 989 646 29,552 14,586 2,336 1,688 4,406 3,003 1,026 761 27,270 13,577 2, 102 1,435 4,011 3,463 854 659 r26,347 r15,152 r1,954 1 r1,556 r4,151 r3,495 r769 | r556 25,729 12,272 1 936 1,314 3,687 3,076 790 552 15,698 4,088 545 1,072 816 1,780 5,057 461 14,565 4,260 358 1,145 923 2,002 5,273 491 15,146 4,660 377 1,214 98! 2,086 2,866 524 13,695 4,258 558 1,085 871 1,856 2,744 414 r15,195 r4,176 r580 r954 r809 r1,726 r2,895 414 S3,457 4,140 557 971 882 1 919 2 90S 29,956 14,94! 2,594 1,594 4,342 3,570 1,039 751 28,064 13,932 2,224 1,535 4,265 3,297 930 650 27,221 13,548 2,156 1,429 4,175 3,255 850 659 r26,690 r15,092 r2,075 rT,431 r3,954 r3,147 r85l r654 » 26,266 12,659 1,967 1,589 3,846 !4P132 4,331 356 1,029 917 2,002 2,895 490 | 13,673 4,257 35 S 1,025 862 1,94! 2,717 | 431 rS3,598 r4,337 1 r392 s I r999 < r86I I r1,890 ] r2,654 427 13,627 4 384 ! 28,846 14,526 2,462 1,418 4,241 3,530 1,014 746 o eOO.... Transportation equipment (incl. motor vehicles) ..do.... Nondurable-goods industries, total J./...... . ..... »o.do»9.. http://fraser.stlouisfed.org/ jr/ Revised. J/ Includes data for "other industries1' Federal Reserve Bank of St. Louis 28,070 i 14,572 2,594 1,552 4,590 5,699 895 i 626 ; ...do.... ...do.... 1 not shown. 14,320 4,278 372 1 1,147 868 1,936 2,786 1 474 1 15,015 4,558 363 1,174 942 | 1,996 3,241 496 1 3,on 822 642 384 967 865 1,866 2,763 MONTHLY BUSINESS STATISTICS—Continued !956 3 1957 ITEM December January October November December GENERAL BUSINESS INDICATORS - Continued Manufacturers' inventories, end of month: Book value (unadjusted), total mi 10 of do I, Durable-goods industries, total J./ •••••do*., Pr imary met a I * * do.. Fabricated metaI oo..o«.do.. Machinery (including electrical)...„ do.* Transportation equipment (incl. motor vehicles).do.., Lumber and furniture,...o do.. Stone, clay, and glass ** .*.do.. 52,515 30,591 4,119 3,056 10,316 7,714 1,855 I, 159 52.941 30,835 4,068 3,106 10,408 7,803 1,869 1,179 53,734 31,487 4,488 3,017 10,390 8,1 15 1,804 I, 197 53,746 31,306 4,443 3,002 10,415 8,006 1,794 1,210 r53,688 r3l,l37 r4,466 r2,963 r 10,283 r7,885 rl,8l4 rl,257 21,924 5,061 1,959 2,663 1,362 3,633 3,249 1,049 22,106 5,001 2,131 2,739 1,362 3,648 3,102 1,057 22,247 4,929 1,960 2,515 1,395 3,658 3,732 1,053 22,440 5,026 1,965 2,562 1,403 3,720 3,730 1,079 r22,55l r4,9l2 r 1,962 r2,628 r1,444 r3,863 r3,644 1,103 Book value (adjusted), total*. ** do.., Durable-goods industries, total J/ „ ....do.., Primary m e t a i M M ^ e ^ M M . ...do.. Fabr Icated meta ! ,.,.,,.,,. .........do., Machinery (including electrical) do.*, Transportation equipment (incl. motor vehicles).do*. Lumber and furniture* ••do.. Stone, clay, and glass * ..«..,<,..do.. 52,295 30,660 3,975 3,183 SO,409 7,630 1,869 1,171 52,434 30,631 3,962 3,169 10,444 7,632 1,839 1,156 54,103 31,754 4,356 3,143 10,583 7,979 1,880 1,273 53,871 31,511 4,279 3,095 10,517 7,976 1,845 1,274 r53,520 r3l,l48 r4,269 r3,086 r10,374 r7,80l r 1,827 r1,270 Nondurable-goods industries, total U ***„ do.* Food and beverage.*-OS8SS ***.*.* s * eeBese ...*do** Tobacco * * *«*.*.*do.. Text ile...*. • , do.., Paper •••• do.. C hem ical..e#*(e...*. ....do.. Petroleum and coal ....do*. Rubber •••* * * .do.. 21,635 4,799 1,884 2,713 1,349 3,594 3,249 1,039 21,803 4,820 2,010 2,766 1,362 3,593 3,133 1,047 22,349 4,725 1,980 2,625 1,423 3,732 3,623 1,097 22,360 4,732 1,965 2,628 1,417 3,763 3,657 1,101 r22,372 r4,689 r1,924 r2,679 r1,444 r3,820 r3,644 1,092 Manufacturers' orders: New orders, net (unadjusted), total do*. Durable-goods industries, total U • do.. Primary meta(•••••••••••••a**•*.••*..«••«•....*•••do*• Fabr icated meta I * do.. Machinery (including electrical) do.* e Transportation equipment (incl. motor vehicles)...do*. Nondurable-goods industries, total ..do*. 28,839 15,068 2,452 1,458 4,304 4,575 13,771 28,765 14,374 2,453 1,424 4,210 3,452 14,391 26,730 11,788 2,027 1,517 3,798 1,776 !4,942 26,056 12,385 1,758 1,144 3,431 3,616 13,671 r25,067 rI 1,890 r1,563 rl,!89 r3,520 r3,669 r13,177 29,005 14,543 2,372 1,488 4,127 3,843 14,462 26,226 !2,I54 2,081 i,459 3,943 2,079 14,072 53,191 50,581 5,531 3,919 18,311 18,423 2,610 r26,030 r12,362 1,686 1,243 r3,652 3,345 13,668 51,977 49,389 5,187 3,630 17,731 18,576 2,588 r25,060 r11,399 r 1,512 r1,213 r3,422 r2,932 rl3,66l 61,015 7,144 4,526 20,083 24,584 3,195 28,927 14,176 2,345 1,468 4,246 3,282 14,751 64,047 61,026 7,023 4,487 20,213 24,425 3,021 42,097 31,827 41 138 31 568 43 274 33 504 43,530 33,596 r44,776 r34,105 3,824 3,237 3,451 3,241 3 ,090 3 ,349 3 ,473 3,292 3 545 3 ,456 3 54 S 3 358 3,439 3,347 3,559 3,394 r4,069 3,560 r3,6!5 3,498 Nondurable-goods industries, total U Food and beverage ••••••••••••• Tobacco •••••• ••••••••••do*., • do.. o<».«.. do. • I ®-^T I ! © c 9 e e e s o e o c o s s c « © s s s « e 3 C s c « s s » © s s s e e s . 6 e * s 6 Q O . . , Paper •••••••••••••• * * *»* do.. Chem ical .........do,,, Petroleum and coal, .9,,.(ot,(,,.,,,e,n>«..(ioc, Rubber do.. New orders, net (adjusted), total do*. Durable-goods industries, total J/ ..*„ do.. Pr i mar y meta I * do.. Fabr i cated meta I do.* Machinery (including electrical) ....do.. Transportation equipment (incl. motor vehicSes)..,do.* Nondurable-goods industries, total... do.. Unfilled orders, end of month (unadjusted), total.....do,. Durable-goods industries, total ±/ •••••••• .do.• Primary metal •*••••••••••••••••••.• *do. * Fabr i cated meta I * , .«...** do.. Machinery (including electrical) c ..*.,.... .do*. Transportation equipment (incl, motor vehicles)*.,do.. Nondurable-goods industries, total do.. 6 4 , 2 SO r50,697 r48,127 r4,796 r3,483 r17,120 r18,750 r2,570 FI NANCE Consumer credit (short- and intermediate-term): Total outstanding, end of m o n t h e e o * * . * o o o o e o , oe>mi I * of dot Installment credit, total.** do.. Installment credit extended and repaid: Unadjusted: Extended, total «......*...*•*..*..do.. Repaid, tota!,,,,, ..so**....•**.*.do.* Adjusted? Extended, total do,, Repa i d, tota I., «..*...***a *.*«**• do.«, 1957 DOMESTIC TRADE January AIS retaiI stores: 2/ Estimated sales (unadjusted), total. Durable-goods stores: Automotive group*.*.* a ....•••... Furniture and appliance group*.. Nondurable-goods stores: Apparel group. ••••....•... Drug and proprietary s t o r e s s o o , Q Eating and drinking p laces*«* e *. Food group •.... Gasoline service stations....... General-merchandise group....... r/ Revised. J./ Includes 12799 data for 1958 February December January of doI * 14,740 14,058 17,133 19,853 r15,286 .e.se.oe Q O . a e o*.*@e*."Oe•• 2,996 776 2,948 754 2 ,977 962 3,009 I, 144 r7 ,810 r777 ..*».««*doffle, .........do... «,..*,«„ „do» e e ........do... • do. .do. 785 488 S,096 3,690 !,!37 1,328 694 467 1,055 3,480 1,067 1,276 !, 1,790 690 1,247 4,258 1,286 3,095 r854 r538 r , 133 r4,126 r ,209 r ,376 fflmiI. 'other industries" not shown. 140 532 1,205 4 ,233 1,262 2 ,008 2/ Data for February 1958 are advance estimates. MONTHLY BUSINESS STATISTICS — Continued 4 1957 1958 ITEM January DOMESTIC TRADE - Continued All retail stores - Continued Estimated sales (seasonally adjusted),total J/.mil. of dol„. Durab 1 e-goods s t o r e s * , , 9 8 e B e s 5 0 0 0 8 8 » e 4 1 , 6 „ » „ 8 0 C 8 8 9 8 9 0 d o , , . , Nondurable-goods stores* . . e . e « . e e......... ao e e.. se . .do... „ Estimated inventor less Unadjusted, t p t a L a 4 , s t 9 e 9 , 6 6 4 8 s e o „ . , „ o a o e 8 ( ( 6 e , 6 < ) e o . d o 4 . , 0 Nondurable-goods stores*•® e9eo ...«.„.......*..<»..„do 9 ..• Adjusted,, tota!•••••...............................,do 9 ... Durab Se-goods stores e .. ........................... e do e ... Nondurab!e-goods stores.................. a ....... a do e .. • Wholesale trades Sates, estimated (unadjusted), total...... e *...bSS. of doS 8 0 Durab 1 e-goods estab S ishments*...... 9 ..„o.« e<9e9e .... 0 do 9 ... Nondurab Ie-goods estab 1 ishments,,.••••••••••••••••••.do.... Inventories, estimated (unadjusted), t o t a l . e s < S 8 0 0 . e 9 9 9 d o e . . . Durab Se-goods estab S ishments........................do..„. NondurabSe-goods estab11shments.a.............«,......do.... February November December January February 16,295 5,706 10,588 16,356 5,747 10,608 16,562 5,606 10,956 16,855 5,588 11,266 rS6,7!8 r5,538 rl1,180 22,890 10,380 12,510 24,010 10,770 13,240 23,650 10,800 12,840 23,910 10,850 13,060 25,280 11,060 14,220 24,330 r11,220 rl3,110 r23,430 r10,880 r12,550 r24,470 1 lp420 r13,050 23,400 IS,000 S2,400 24,490 11,330 13,160 1 Se4 4.3 7.1 12.9 6.4 6.5 10.4 4.0 6.4 12.8 6.5 6.3 ll.l 3.9 7.1 13.0 6.6 6.4 10.7 3.7 7.0 j !2e5 6.4 [ 6.1 65,821 62,578 4,935 57,643 3,244 66,31! 63,190 5.195 57,996 3,121 68,06! 64,873 5,817 59,057 3,188 67,770 64,396 i 5,385 59,012 3,374 66,732 62,238 4,998 57,240 4,494 67,160 61,988 4,830 57,158 5,173 51,716 16,959 832 2,667 4,126 11,298 2,293 6,239 7,302 5I,704 16,945 833 2,673 4,120 1 1,225 2,301 6,273 7,334 52,789 16,573 829 3,059 4,123 S1,840 2,355 6,512 7,498 r53,084 rl6,3!6 ! r825 r2,850 4, 100 | r12,365 | r2,349 r6,473 r7,806 r50,987 15,880 r807 r2,6IO r3,997 r 11,456 r2,343 r6,393 r7,50! p50,3S4 pl5,586 p793 p2,39l p3,962 pi 1,302 p2,344 p6,398 p7,538 13,150 7,740 5,410 13,S 14 7,721 5,393 12,703 7,305 5,398 r12,458 r7,!36 r5,322 r12,050 r6,860 r5,!90 pi 1,780 p6,628 p5,S52 106.3 107.0 165.5 106.0 106.4 165.0 102.7 101.8 160.9 r100.7 r 100.3 r!57.4 97.4 98.1 r149,2 p95.2 p95.6 p!45 e 4 40.2 40,9 39.1 82.41 89.16 72.73 2.05 2.18 1.86 40.2 40.9 39.3 82.41 88.75 73.10 2.05 2.17 1.86 39.3 39.7 38.8 82.92 88.93 74.50 2.11 2.24 1.92 r38.6 r38.9 r38.3 r8l.06 r87.!4 r73.54 2.10 2.24 1.92 p38.5 p38.8 p38 6 2 p80.85 p86.52 p73.34 P 2.I0 p2.23 pi.92 10.4 3.5 6.9 12.5 6.4 6.1 16,209 5,148 11,061 «e..sees>a»e .....sea.© «e©»©s8®«« oow&oooooo .98&.OS.&® •••••••••• .sos.ee.s© .....Sao©. ooosoeeoois •••....••• EMPLOYMENT AND WAGES Labor force (Bureau of the Census): Civilian labor force* t o t a l 0 0 0 0 0 0 0 0 o e o = o e s s s o « o e o t h o u s a n d s s s CHIP 1 O y © Q a e o o o a a o ( 3 © o o » o o o s o o o o e o » o o o o i B o © i > e o o c > o c » o u s a f f i 9 Q O o . a a Agr icu 1 tura 1 emp loymen't. ••••••••••••••••••••••••• .do.... Nonagr icu itura 1 emp loyment. ........ ............ ...do.... Unemp 1 oyed ...... 99 9.......8.... . . . . a , . e . ® . 9....e e « 9 . d o . . . . Employees in nonagricuitura1 estab15shments: Total, unadjusted (U. S. Department of Labor) 0 9 e e . e < 9 e .do.... Manufactur i ng 8 ............... .. s... .... ... e ...,.... O do.... pnining... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q.8...e9OOs... Contract construct ion.. „,,,,,. ., ...o S ....do, 8 ., Transportation and public ut s 1 it ies e ...... eo ........do.... Wholesale and retail trade. o o s o . e ........ .„.„«,...... do.... Finance, insurance, and real estate.......... eooo ...do.... Service and misce1laneous.. ••••*........•..•••do.... bOVSi nme n T . . ® . . . . 9 . . . . . . . . .« e » @ . a . . e . e «.« o . . e e o . . . s .O O . ® . o Production workers in manufacturing industries; v O B & t 9 & & e Q G Q & ® & Q & & Q & Q 0 ® G Q & & & Q 0 G & & & & & 0 Q ® ® Q ® & Q Q & & ® ® @ & & & &*->Q Q Q G & Durab le-goods i ndustr les0 ......................... • «do.... Nondurable-goods industri es........................edo.... Manufacturing production-worker indexes? Emp1oyment: Unadjusted ..........••............!94-7-49=100.. Payrolis, unadjusted,,„•••«••••••••••••••••••••••••••••do.... Hours and earnings? Average weekly hours per worker, all manufacturing...hours.. Durab ie-goods sndustr ies „do,„. Nondurab le-goods industr ies.................. ..do..,. Average weekly earnings, all manufacturing0..0.....donars98 Durab 1 e-goods i ndustr ies. ....••••...,.........,.... .do... „ Nondurable-goods industries,.e.,,., ...........do,.98 Average hourly earnings, all manufacturing,, ......... e a do... s Durab I e-goods i ndustr ies, ...............do.. 8«, Nondurab I e-goods 5 ndustr i es 8 . 9 . a ................... .do,,... rj Revisedo _p_/ P r e l i m i n a r y , USCOMM-DC-12799 \J Data f o r February S958 are advance estimates. 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 39.4 39.7 39.0 82.74 88.93 74.88 j 2.10 2.24 1.92 PENALTY FOR f»R8VATi USE TO AVOID PAYMENT OF POSTAGE, $300
@FedFRASER