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March 14, 1969 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U. S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS BUSINESS INDICATORS 1957-59 = 1 1957-59 = 100 220 ~ ELECTRIC POWER PRODUCTION (by utilities) (E. E. 1. seas. a d j . i n d e x ) ^ 210 A 200 /N. - / ^ - y-S - / 190 - 180 Monthly 170 1 1 1 I 1 ! i 1 1 l !.,„. 1 1 1 1 1966 > 1 1 1 1 1 i _J_J—1—1 1 1 1 1—(™J—1—1.....i 1968 1967 _ 1—1 .1 J—1—L_L™L™JL™J 1969 Edison Electric Inst. Thousands 350 Thousands 1,400 I MOTOR VEHICLE PRODUCTION 1,200 (cars, trucks coaches; U.S. plants) 1,000 800 600 h 400 200 Monthly J I l—J I I I I I L. J_J I I I L_JJ _ L I 1966 I L _J 1967 I I I I I i i i i 1968 i J F M A M J J A S O N D 1969 Data: Automobile Mfrs. Assn. Billion$ 100 Billion$ NEW CONSTRUCTION Dollars 3.40 MANUFACTURING HOURS & EARNINGS 80 (Seas, adj., at annual rates) 3.20 H 60 Hours 48 Average Hourly Gross Earnings (left scale) 3.00 Total Put in Place (left scale) 60 40 Private Residential (nonfarm) (right scale) \ ' I 42 j\„^-|/V^S 2.60 1966 II I I I I I I II 1967 Data: U.S. Dept. of Commerce I IIII I I 1968 i i i i I i i i i 2.40 40 Average Hours Per Week (right scale) 20 I I 1 I I I 44 2.80 _ 40 46 |~~ (Hours seasonally adjusted) I II I I 1 I I I I I I M I I I I I II M I II I I I I I 1969 1966 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 1967 1968 linn 1969 38 2 BUSINESS STATISTICS1 WEEKLY 1968 1969 ITEM Mar.,9 Mar. 2 WHOLESALE PRICES, 22 COMMODITIES 2/..............1957-59=100.. ALL RETAIL STORES, SALES Nondurable goods stores. 103.7 5,975 4,040 5,954 4,047 6,036 4,067 6,249 4,145 208 1,566 1,469 274 220 1,589 1,498 185 199 1,549 1,459 214 45,817 50,779 25,636 313 45,837 51,363 25,797 316 49,307 55,670 27,225 176 49,377 56,345 27,582 349 49,148 55,732 27,074 176 75,908 48,765 203,838 28,811 65,005 29,315 75,024 48,741 203,383 28,168 65,274 29,110 80,612 48,307 223,417 26,797 73,364 32,296 77,991 48,317 220,843 25,416 73,593 32,420 79,801 48,335 220,791 25,146 73,709 32,479 6.38 90.08 97.62 6.38 89.26 96.82 6.94 103.63 112.51 6.93 100.65 109.28 6.94 98.45 106.95 1,838 25,061 225,594 9,530 1,860 24,513 224,117 9,470 1,768 27,375 210,960 1,703 27,269 215,724 8,918 1,453 27,005 223,852 8,903 2,862 153.6 14.7 2,883 154.8 14.3 2,697 144.8 14.2 2,755 147.9 14.1 2,750 147.6 14.1 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).....do.... 199 1,610 1,513 224 Bond Yields, domestic corporate (Moody's) 2 / percent.. Stock prices, 500 stocks (Stand. & Poor's) hj...1941-43=10.. Industrials, 425 stocks .do.... PRODUCTION: Bituminous coal 2 / Electric power, by utilities. Motor vehicles (cars, trucks, buses) . Petroleum (crude) and condensate jj thous. sh. tons.. ..mil, kw.-hr.. ..........number.. .thous. bbl.. Steel, raw. .thous. sh. tons.. Index of production..........................1957-59^=100.. RAIL FREIGHT, REVENUE TON-MILES.... .. . .......bil.. 1/ Data do not always cover calendar weeks. 2/ Tuesday price MONTHLY Mar. 1 103.1 6,049 4,002 Assets and liabilities of large commercial banks: ij Demand deposits, adjusted. .mil. $.. Savings deposits „ .do.... Loans and investments (adjusted), total. „ .do.... U.S. Government obligations .do.... Commercial and industrial loans (gross) .do.... Real estate loans (gross) .do.... Feb. 22 102.6 96.4 mil. $.. do.... FINANCE: Currency in circulation 2/. ......mil. $.. Federal reserve bank credit outstanding, total %/.....do.... Member bank reserve balances %/<, .do.'.... Excess reserves, estimated 2/; .do.... Feb. 15 96.9 3/ Daily average, jj 207 ""l79 Wednesday data. BUSINESS STATISTICS 1968 1967 1969 ITEM Jan. Dec. Oct. Nov. Dec. Jan. CONSTRUCTION AND REAL ESTATE 6,407 4,441 2,191 1,742 5,605 3,819 1,859 1,465 8,014 5,423 2,695 2,130 r7,827 r5,260 2,628 2,102 r6,677 r4,890 1 r2,489 rl,994 6,027 4,231 2,122 1,714 1,492 521 573 1,966 1,342 431 525 1,786 1,808 538 'S44 2,591 1,752 543 798 r2,567 rl,583 r529 r692 rl,787 1,454 453 ..........do.... 81.2 54.0 27.6 82.9 55.3 27.0 87.2 59.5 30.0 r89.6 r59.4 30.6 r84.0 r59.4 r31.4 89.0 61.3 30.8 ..........do.... Commercial.............................. ..........do.... 17.4 5.8 6.7 19.3 6.3 7.7 19.7 6.1 8.9 19.2 6.3 8.3 rl8.4 r5.9 r8.0 21.0 6.7 9.3 27.2 27.6 27.7 r30.1 r24.7 27.6 5,896 3,492 6,387 6,649 5,461 4,405 127 127 rl35 rl35 rl35 138 133.7 134.6 134.2 131.1 142.2 143.3 142.4 140.3 142.3 143.4 142.4 140.3 144.1 143.1 141.1 146.3 144.5 143.2 131.4 141.6 I56.6 141.7 156.7 143.1 158.0 *r 145.0 *r160.0 NEW CONSTRUCTION PUT IN PLACE (UNADJ.), TOTAL. . . . . . . . . m i l . R e s i d e n t i a l (nonfarm) $.. . .....do.... ..........do.... ....do.... do„... NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT AMJUAL NEW CONSTRUCTION PLANNING CONSTRUCTION COST INDEXES: DEPARTMENT OF COMMERCE COMPOSITE.. . . . . . . ...1957-59=100.. E . H. Boeckh and A s s o i c a t e s , I n c . : Average, 20 c i t i e s : All types c o m b i n e d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . . Apartments, h o t e l s , o f f i c e b u i l d i n g s . . . . . . ' . . " . . . ' . d o . ' . . . Commercial and f a c t o r y b u i l d i n g s . . . . . . E n g i n e e r i n g News-Record: Building r/ Revised. do.... 133.9 134.7 • 134.4 131.2 ! 1 130.4 144.5 1 145.7 632 1,796 1/ Except farm and public utilities, 2/ Data for Oct. I968 and Jan. 1969 are for 5 weeks; other months, 4 weeks, *Index as ofFRASER Feb. 1, 1969: Building, 146.0; construction, 161.7. Digitized for 6321 MONTHLY BUSINESS STATISTICS—Continued 3 1968 1969 ITEM Jan. Feb. Nov. Dec. Jan. LABOR FORCE, EMPLOYMENT, AND EARNINGS LABOR FORCE, total, 16 years of age and over, not seasonally adjusted.,........................Oo. .thous. Civilian labor force. .do... Employed, total. .do... Nonagricultural employment „ do... Agricultural employment do... Unemployed (all civilian workers) do... 79,811 76,347 78,273 69,908 3,366 3,074 77,402 74,114 70,653 3,462 3,288 82,702 79,185 76,609 73,001 3,607 2,577 82,618 79,118 76,700 73,421 3,279 2,419 81,711 78,234 75,358 72,192 3,165 2,876 do. do. do. do „ 77,881 75,086 71,124 3,962 78,569 75,640 71,566 4,074 79,042 76,388 72,682 3,706 79,368 76,765 72,923 3,842 79,874 77,229 73,477 3,752 Unemployed (all civilian workers) do. Long-term, 15 weeks and over .do. Rates (unemployed in each group as percent of total in that group): All civilian workers Men, 20 years and over Women, 20 years and over Both sexes, 16-19 years 2,795 471 2,929 453 2,654 348 2,603 322 2,645 316 3.6 2.3 4.0 11.6 3.7 2.3 3.9 12.7 3.4 2.0 3.5 12.2 3.3 1.8 3.5 12.7 3.3 2.0 3.5 11.7 Married men Nonwhite workers. "White workers 1.7 6.6 3.2 1.7 7.1 3.3 Occupation: White-collar workers. Blue-collar workers.. .2.0 4.3 Industry: Private nonfarm wage and salary workers. Construction. Manufacturing Durable goods .. 3.7 8.0 3-3 2.8 3.8 7.4 3.5 3o3 EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS) : Total, seasonally adjusted............................thous.. Mining. „% ....do.... Contract construction .do.... Manufacturing. .do... „ Durable goods industries...........................do.... Nondurable goods industries do.... 67,058 604 3,107 19,612 11,541 8,071 67,600 608 3,388 19,612 11,514 8,098 68,955 637 3,279 19,871 11,661 8,210 r69,310 r638 r3,387 rl9,974 rll,724 r8,250 r69,618 r643 r3,369 rl9,988 rll,789 r8,199 Transportation, communication, electric, gas, etc....do.... Wholesale and retail trade .do.... Wholesale trade. .do.. Retail trade .do.. 4,317 13^818 3,586 10,232 4,342 13,920 3,619 10,301 4,392 14,326 3,722 10,604 r4,400 rl4,271 r3,725 rlO,546 1-4,394 rl4,449 r3,751 rlO,698 Finance, insurance, and real estate Services „. Government Federal State and local .do.. .....do.... do.. do.« do.... 3,291 10,331 11,978 2,721 9,257 3,304 10,405 12,021 2,721 9,300 3,426 10,702 12,322 2,696 9,626 r3,442 12,443 2,715 9,728 r3,460 rlO,791 rl2,524 r2,760 r9,764 PRODUCTION WORKERS (MFG. PAYROLLS), TOTAL, seas, adj do... Durable goods industries .do... Nondurable goods industries do... HOURS (GROSS), AVG. WEEKLY PER PROD. WORKER (MFG. PAYROLLS): Manufacturing, seasonally adjusted .hours. Overtime hours .do... Durable goods industries .do... Overtime hours .do... Nondurable goods industries .do... Overtime hours .do... MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted: Manufacturing. .1957-59=100. Durable goods industries do... Nondurable goods industries do... HOURLY EARNINGS (GROSS), AVG. PER PROD. WORKER ON PAYROLLS: Manufacturing, not seasonally adjusted .dollars. Excluding overtime. 0 „ „. .do... Durable goods industries do... 0 Excluding overtime .do... Nondurable goods industries „ „ do... Excluding overtime. .do... 14,405 8,420 5,985 14,393 8,382 6,011 14,568 8,475 6,093 rl4,663 r8,535 r6,128 rl4,673 r8,587 r6,086 40.2 3.5 40.9 3.7 39.2 3.3 40.8 3.5 41.4 3.6 40.0 3.2 40.8 3.8 41o7 4.1 39.7 3.4 40.7 1-3.7 r41.2 r3.8 39.9 3.4 r40.6 3.7 r41.2 1-3.9 1*39.7 r3.6 rll9.0 rl25.0 rill. 2 Civilian labor force, seasonally adjusted Employed, total Nonagricultural employment „ Agricultural employment „ FINANCE Bank debits to demand deposit accounts, except interbank and UeS. Govt= accounts, annual rates, seas, adj.: Total (233 SMSA's) ....Ml. $. New York SMSA .do... Total 232 SMSA's (except N.Y.) do!.! 6 other leading SMSA's do... 226 other SMSA's do... r/ Revised. JD/ Preliminary. 6321 115. 121. 107, 1.4 6.0 3.0 1.9 3.6 117.3 122.5 110.5 118 124 111 no, 755 rll9.1 rl24.3 rll2.4 2.94 2.83 3.13 3.00 2.67 2.57 2.94 2.83 3.12 3.00 2.68 2.58 3.08 2.94 3o28 3.12 2.81 2.69 r3.11 r2.97 r3.31 r3.15 2.82 r2.71 3.12 2.99 3.31 3.17 2.83 2.72 7,369.4 3,323.4 4,046.0 1,584.8 2,461.2 7,263.9 3,216.8 4,047.1 1,593.3 2,453.8 8,540.1 3,925.9 4,6L4.2 1,094.1 2,710.1 8,752.9 4,076.8 4,676.1 1,902.4 2,773.7 8,733.3 3,896.7 4,836.6 2,007.7 2,828.9 1/ Data for Feb. 1969 are advance estimates. MONTHLY BUSINESS STATISTICS—Continued 4 1968 1969 ITEM Jan. FINANCE—Con o CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM): Total outstanding, end of montho....................mil. $ Installment credit, total*......................... Odo0«, Installment credit, extended and repaid: Unadjusted: Extended, total,.............. .. •......... ..........do.. Repaid, total.. .................................. ...do.. Seasonally adjusted: Extended, total.....................................do.. Repaid, total.......................................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 leadings SMSA's...........................do.. 226 other SMSA's................................. .do.„ SECURITY MARKETS: BONDS: Prices (Stand. & Poor's Corporation): Industrial, utility, and railroad (AAA issues): Composite.........................dol. per $100 bond Domestic municipal (15 bonds).....................do.. STOCK: Dividend yields, preferred stocks, 10 high-grade (Standard & Poor's Corporation)..............percent, Prices: Dow-Jones averages (65 stocks)......................... Industrial (30 stocks)............................... Public utility (15 stocks)........................... Railroads (20 stocks). New York Stock Exchange common stock indexes: Composite..............................„.12/31/65-50, Industrial....................................do... Transportation. .do.., Utility. .do.., Finance. .do... Feb* Nov. Jan. Dec. Feb. 101,260 80,379 100,771 80,233 110,035 87,953 113,191 89,890 112,117 89,492 6,782 7,329 6,716 6,862 8,166 7,271 9,568 7,631 7,557 7,955 7,453 7,054 7,847 7,111 8,288 7,454 8,277 7,502 8,371 7,730 r59*5 rl26.5 r41.7 r56.2 r35.6 r60.1 129.2 42.1 r56.5 36.1 66.5 144.6 44.9 63.O 37.4 65.9 147.7 44.5 61.1 37.5 64.9 137.0 45.7 65.7 38.3 77*2 95.5 77.5 94.8 75.7 91.2 72.8 89.2 72.3 88.0 71.8 86.4 5.70 5.65 5.82 5.93 5.93 5.94 312.05 884.77 132.48 233.76 299,84 847.20 128.87 224.63 344-39 964.12 137.57 270.51 347.57 968.39 138.26 275.36 337.64 934.99 135.62 268.78 337.85 931.29 136.89 269.75 53.24 55.45 47.90 44.87 55.89 50.68 52.63 45.15 43.36 53.88 59.44 61.97 55.96 47.18 79.55 60.32 63.21 57.30 46.73 79.00 57.82 60.32 56.35 45.64 75.58 57.33 59.61 56.18 45.98 75.26 r/ Revised. 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