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MARCH 15, 1974 BUSINESS STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS 1941-43 = 10 150 PRICES OF 425 INDUSTRIAL STOCKS 1941-43 = 140 - 130 120 110 — / / 100 Monthly (avg. 90 1 . . . . ! 1 1971 i i i i i t . . 1972 Data: Standard & Poor's Corp. i i 1 i i i i i i i i i 1973 of daily close) i J F M A M J 1974 J A S O N D 1967=100 200 1967=100 200 RAW STEEL PRODUCTION (ingots and all other forms) 150 150 1974 100 — 100 1973 50 50 Weekly Monthly _J_J 1971 1973 1972 Data: Amer. Iron & Steel Inst. 1967 = 100 1974 I I I 1 1 1 1 I I 1 „!„ J F M A M J J A S O N D Billion $ 15.0 WHOLESALE PRICES Farm Products and Processed Foods and Feeds ! \ / \ CONSUMER INSTALLMENT CREDIT EXTENDED A N D REPAID (seasonally adjusted) . \W " Industrial Commodities Extended I l I I I I I I II l I l l I 1i Ii Ii li Ii II li li i i i 1971 I I L_! I I L_ Data: U.S. Dept. of Labor 1972 1973 I 1974 * Available only with subscription to the SURVEY OF CURRENT BUSINESS, provides selected weekly and monthly data subsequent to those published i i i ti I i < i i I i I I 1 i i i 1971 Data: Federal Reserve Board this Supplement in the latest monthly SURVEY 1972 I ' ' i i i 1973 ' i i i i I i i i i i 1974 2 WEEKLY BUSINESS STATISTICS1 1974 1973 Mar. 3 Mar. 10 Feb. 16 Feb. 23 Mar. 2 1967=100.. 146.1 148.4 226.1 233.7 239.0 mil. $.. .do.... 9,251 5,759 8,813 5,773 8,876 6,183 8,811 6,026 9,325 6,227 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.. 234 2,201 2,016 221 228 2,158 1,977 138 352 2,828 2,649 264 269 2,891 2,678 187 313 FINANCE: Currency in circulation 3_/. mil. $.. Federal Reserve bank credit outstanding, total, _3/....do.... Member bank reserve balances 3/ do.... Excess reserves, estimated 3/. .do.... 64,565 77,608 31,284 -21 64,683 78,562 32,059 336 70,500 85,662 35,367 319 70,686 86,197 35,393 124 70,438 85,176 34,885 241 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.... .do.... Real estate loans (gross).. 95,475 58,185 314,381 25,795 96,384 47,104 95,320 58,213 316,725 25,348 97,531 47,052 95,666 56,954 351,782 25,236 109,867 55,711 96,735 57,055 352,598 25,616 109,867 55,715 98,204 57,144 353,897 25,357 110,475 55,659 7.57 8.17 90,98 101.23 8.18 8.18 125.09 7.59 114.45 128.40 93.44 104.14 96.40 107=54 WHOLESALE PRICES, 22 COMMODITIES 2/ ALL RETAIL STORES, SALES Nondurable goods stores Bond yields, domestic corporate (Moody's) ^/.......percent.. Stock prices, 500 stocks (Stand. & Poor's) V...1941-43=10.. Industrial, 425 stocks do.... 111.68 185 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.. 11,795 34,639 211,158 9,381 11,350 33,452 210,622 9,382 12,385 35,673 138,953 9,153 12,970 34,794 161,689 9,179 11,545 35,657 151,227 9,166 Steel, raw Index of production RAIL FREIGHT, REVENUE TON-MILES.... thous. sh. tons.. 1967=100.. bil.. 2,919 119.6 16.5 2,923 119.8 2,906 119.1 16.7 2,887 118.3 16.4 2,891 118.5 \J Data do not always cover calendar weeks. 2_/ Tuesday price. MONTHLY 16.1 3/ Daily average, 16.8 kj Wednesday data. BUSINESS STATISTICS 1973 1974 ITEM Jan. Feb. Nov. Dec. Jan. 134.4 127.5 139.3 143.0 136.6 147.5 192.1 191.5 192.4 204.3 197.7 208.9 213o3 209.4 215.9 124.5 144.2 132.4 120.0 105.1 126.9 150.9 137.0 121.3 105.6 141.8 184.0 151.9 133.5 113.5 179.2 145.3 187.2 155.7 137.1 115.6 201.3 117.2 143.0 184.7 123.8 138.5 117.5 141.9 131.5 127.6 114.8 130.0 114.1 115.8 128.4 116.5 110.1 117.4 114.2 117.1 132.6 128.7 116.5 131.4 117.3 121.3 121.6 $0,803 $0,788 $0,705 $0,688 $0,665 35,768 12,154 7,504 1,789 1,458 34,977 12,284 7,612 1,754 1,470 44,552 14,104 8,083 2,159 1,912 r49,824 rl3,409 r6,378 r2,552 rl,771 r37,894 rl1,458 r6,474 rl,925 1,430 COMMODITY PRICES SPOT MARKET PRICES, BASIC COMMODITIES: 22 Commodities ..1967=100 9 Foodstuffs do.. 13 Raw industrials do.. WHOLESALE PRICE INDEXES: ALL COMMODITIES do.. Farm products do.. Food and feeds, processed...........................do.. Industrial commodities. . do. . Chemicals and allied products do.. Fuels and related products, and power.. do.. Furniture and household durables Hides, skins, and leather products Lumber and wood products Machinery and equipment Metals and metal products. do.., do.. do.., ....do.., ...do.., Nonmetallic mineral products do.., Pulp, paper, and allied products..................do.., Rubber and plastics products do.., Textile products and apparel. do.., Transportation equipment Dec. 1968=100, Miscellaneous products 1967=100, PURCHASING POWER OF THE DOLLAR AS MEASURED B Y — Wholesale prices. . . 1967=$1.00, 122.2 112.6 143.9 151.0 118.9 125.6 128.2 115.8 110.0 116.6 126.0 113.1 144.9 161.0 119.4 126.9 116.1 150.4 202.6 162.1 140.5 118.2 214.6 186.1 119.0 142.6 183.7 124.6 141.8 145.0 126.0 138.7 rl31.8 117.7 133.8 118.6 123.5 DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED), TOTAL 1/ Durable goods stores Automotive group Furniture and appliance group. Lumber, building, hardware group r/ Revised. 11,597 mil. $. do.., do... do.., do.., 1/ Data for Feb. 1974 are advance estimates. MONTHLY BUSINESS STATISTICS —Continued 3 1974 1973 Jan. Feb. Nov. Dec. Jan. Feb. 2.1 23 ,614 1.,608 1 ,205 2 ,715 7,995 2 ,589 4,999 22 ,693 1,,460 1,,151 2,,623 7 ,646 2 ,474 4,933 30,,448 2,,214 1,,286 3!,204 9,,207 2,,996 8,,543 r36,,415 r3.,386 rl,,741 r3.,272 r9,,932 r2,,908 rll,,618 r26.,436 rl,,705 rl.,266 r3.,007 r9.,115 r2.,767 r5.,536 25 ,079 1 ,473 1 ,226 2 ,873 8 ,708 2 ,468 5 ,424 40 ,707 14 ,234 8 ,507 1 ,962 1 ,915 41,,242 14 ,405 8 ,575 2,,021 1 ,937 42,,976 14,,090 8,,183 2,,046 1 ,890 r42,,116 rl3,,270 r7.,400 rl,,975 rlj,835 r42,,902 rl3.,496 7.,477 2.,054 1, ,827 42 ,602 13 ,057 do.... do.... do.... do.... ••••••do•••• 26 ,473 1 ,949 1 ,246 3 ,057 8 ,476 2 ,714 6 ,590 26,,837 2;,012 1,,254 3,,057 8 ,409 2,,821 6:,753 28,,886 2,,006 1,,322 3, ,331 9, ,135 2, ,966 1,,213 r28,,846 r2.,051 rl,,297 v3, ,387 r9, ,264 r2!,902 r7i,002 r29.,406 2,,060 1,,322 3!.345 9'.\ 520 2. ,925 11,268 do.... do.... 10,,482 12 ,477 10,,162 12;,503 14,,653 13;,332 rl8., 305 rl3;,222 11.,701 13!,769 88,,122 85, ,718 81,,043 2,,955 78.,088 4,675 89,,075 86,,683 81,,838 2,,956 78.,882 4,845 92,,168 89,,884 85,,828 3,,419 82.,409 4,,056 91,,983 89,,701 85,,643 3,,202 82,,441 4,058 91.,354 89.,096 84.,088 3.,197 80,,891 5,,008 91.,692 89.,434 84.,294 3.,283 81.,011 5,,140 87,000 82.,619 3,,489 79,,130 4,381 917 87.,716 83,,230 3,,446 79,,784 4,,486 898 89.,903 85.,649 3,,561 82,,088 4.,254 820 90,,033 85,,669 3,,643 82,,026 4,,364 740 90.,543 85.,811 3.,794 82.,017 4.,732 768 90.,556 85,,803 3.,852 81,,951 4.,753 830 5.0 3.4 5.2 14.4 4.6 8.9 2.4 3.1 5.6 5.1 9.1 5.0 4.7 5.1 3.4 5.0 15.6 4.6 9.0 2.4 3.0 5.7 5.1 8.9 4.5 4.2 4.7 3.0 4.7 14.5 4.2 8.9 2.1 2.8 5.4 4.8 9.1 4.3 3.6 4.8 3.0 5.0 14.4 4.4 8.6 2.2 3.1 5.2 5.0 8.2 4.3 3.9 5.2 3.4 5.2 15.6 4.7 9.4 2.3 3.2 6.0 5.3 9.1 5.1 5.0 5.2 3.5 5.1 15.3 4.7 9.2 2.4 3.2 6.1 5.4 7.9 5.3 501 74,252 60,,774 41 ,311 j 23 j ,571 610 3,,498 19,,463 11,,326 8,1137 74,,715 61,,182 41:,596 23;,792 612 3,,594 19,,586 H ,,421 ,165 8j 76.,679 62,,841 42.,746 24,,450 644 3,,711 20,,095 11,,859 8,,236 r76.,626 r62.,739 r42.,649 r24.,468 r646 r3,,732 r20.,090 rll,,859 r8 ,231 j r76.,520 r62,,622 r42,,611 r24,,291 r651 r3,,629 r20,,011 rll3,774 r8 3 ,237 76,,695 62,,747 42 ,887 3 24,,248 658 3,,730 19,,860 11,,640 8,,220 50,,681 4,574 16,,013 4,001 12 j ,012 3,,995 12,621 13,478 2.,634 10,844 50,,923 4,,580 16,,114 4,022 12,,092 4,014 12,682 13,533 2,628 10,905 52,,229 4,,654 16,,520 4,,163 12,,357 4,,095 13, 122 13,,838 2,638 11,200 r52.,158 r4.,644 rl6,,398 r4,,152 rl2,,246 r4,,101 rl3.,128 rl3.,887 2,,654 rll j ,233 r52.,229 r43,684 rl6,,419 r43,177 rl2,,242 r4j,105 rl3j,123 rl3,,898 r2,,658 rll 3 ,240 52,,447 4,,679 16,,484 4,,197 12,,287 4,,123 13,,213 13,,948 2,658 11,,290 50,316 14,295 8,307 50, 708 14,402 8,386 52,044 14, 774 8, 712 r51,,915 rl4,,771 r8,,712 r51,,789 rl4,,699 r83,633 51,884 14,546 8,,498 DOMESTIC TRADE—Con. RETAIL TRADE, ALL RETAIL STORES—Con. ESTIMATED SALES (UNADJUSTED)—Con. I/ General merchandise group with nonstores ESTIMATED SALES (SEAS. ADJ.), TOTAL 1/ do.... General merchandise group with nonstores RETAIL FIRMS WITH 11 OR MORE STORES: ... ....... 29 ,545 LABOR FORCE, EMPLOYMENT, AND EARNINGS LABOR FORCE, total, persons 16 years of age and over, Agriculture. Nonagricultural industries Rates (unemployed in each group as percent of total in the group): White Industry: . Private nonfarm wage and salary workers Durable goods SEASONALLY ADJUSTED EMPLOYEES ON PAYROLLS of nonagric. estab., total.... Nonmanufacturing industries Manufacturing Durable goods.. Nondurable goods Service-producing. Transportation, communication, elec., gas, etc..>..•..do.... Wholesale and retail trade Wholesale trade Retail trade... Finance, insurance, and real estate Production t>r nonsupervisory workers on payrolls of private nonagricultural establishments (seas, adj.): rJ Revised. jd/ Preliminary. 1/ Data for Feb. 1974 are advance estimates. 4 MONTHLY BUSINESS STATISTICS—Continued 1974 1973 Feb* Jan® Nov® Feb. £_/ LABOR FORCE, EMPLOYMENT, AND EARNINGS—Con. Production or nonsupervisory workers - Con. Average weekly hours per worker, seas® adj.: Total private.........................................hours. Contract construction®....... . . . .. .................do.. . Manufacturing®.....................................do.. . Overtime hours. ...do. . . Durable goods. do... Overtime hours. .do. . . Nondurable goods. do... Overtime hours. .do. . . Retail trade. ..................................... .do. . . Hourly earnings, average, seasonally adjusted: Total private nonfarm payrolls......................dollars. Contract construction. .do. . . Manufac tur ing .do... Wholesale and retail trade .........do... Finance, insurance, and real estate..................do... Services. .do®.. Indexes of average hourly earnings, seasonally adjusted: Private nonfarm economy: Current dollars........................».......1967=100. Contract construction. ....................do... Manufacturing®.......................................do... Transportation, communication, electric, gas, etc....do... Wholesale and retail trade...........................do... Finance, insurance, and real estate. ..do... Services.............................................do... 36.9 36 e l 40.3 3.7 41.3 4.1 39.1 3.4 33.4 37.2 36.2 41.0 3.9 42.0 4.4 39.7 3.4 33.5 37.1 38.5 40.6 3.8 41.4 4.0 39.7 3.5 33.1 37.0 37.2 40.7 3.7 41.3 3.9 r39.8 r3.4 r32.9 r36. 7 36.2 r40.2 r3.4 r40. 7 r3.5 r39.5 r3.3 r32. 7 36.9 37.5 40.5 3.4 41.0 3.5 39.7 3.2 32.9 3.77 6.37 3.97 3.09 3.53 3.26 ,78 ,29 ,96 ,53 ,27 3.99 6.63 4.16 3.29 3.67 3.44 4.02 r6.67 4.18 3.31 r3. 73 3.48 4.02 r6.68 r4.20 3.32 3.71 r3.49 4.03 6.71 4.19 3.33 3.70 3.49 142.5 141.5 151.8 139.7 151.5 139.2 137.0 142.3 150.3 150.2 160.3 147.0 160.0 146.9 143.6 149.9 151.3 rl52.2 rl61.2 147.9 rl60.2 rl47.9 rl45.5 rl51.3 rl51.7 153.7 rl60.2 rl48.5 161.5 rl48o8 rl44.9 rl52.1 152.1 153.4 157,227 127,368 157,582 127,959 176,969 145,400 180,486 147,437 178,686 146,575 11,923 11,887 11,214 10,623 14,098 12,308 14,117 12,080 12,375 13,237 13,304 11,355 13,434 11 .437 14,275 12,549 12,677 12,267 13,714 12,797 142 O 3 142.4 154.0 139.5 150.4 138.7 136.8 142.2 ,11 FINANCE CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM); Total outstanding, end of month.............. Installment credit, total Installment credit, extended and repaid: Unadjusted: Extended, total............................ Repaid, total.............................. Seasonally adjusted: Extended, total............................ Repaid, total.............................. r/ Revised, .mil. $. BOO do... ...do. ...do. . .do. ..do. jd/ Preliminary. U S C O M M — D C — 1 1 , 59 7 UNITED STATES G O V E R N M E N T 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 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 162.0 149.2 161.5 148.8 144.6 152.0
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