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-;as- arch 16, 1962 .EMENT 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 140 Billion Dollars 140 (Wednesday data) (average of Wednesday data) TOTAL LOANS A N D INVESTMENTS (Weekly Reporting Member Banks of Federal 'Reserve System) 130 130 1962 120 120 no 110 \ 1961 100 100 90 1 ^ U ^ L U « J _ L 1959 a^^J^i-J^aJ^a^j^j^j^j^ J I I I J - U J J U L I960 1961 - i - L - L l I i J I I LJyJ 9 0 LL^L^LO-U^ J F M A M J J A S O N D 1962 Index, 1947-49 = MOO Index, 1947-49 = 100 325 - I Weekly Monthly ELECTRIC POWER PRODUCTION (by utilities) (E. E. 1. seas. adj. index) 300 M - - 325 i y) L \ -I 300 1962 275 iV" - - X 1961 250 H 250 n)- 1 1 1 1 1 1 I I 1959 1 1 1 1 1 1 1 1 1 J_JLI 1 -I— 1 1 » 1 1 1 I 1 L-L-JL. —1 1960 1 1—1 1 i 1961 t i l l 1 1 1 1• 1 J M I L L-L-Lnj J F M A M J J A S O N D 1962 Billion Dollars Billion Dollars 450 H 275 SALES OF RETAIL STORES PERSONAL INCOME 20 (seasonally adjusted, at annual rates) (seasonally adjusted) 400 Total 15 Total 350 ^ ^ H ^ ^ M ^ ^ ^ ^ ^ ^ ^ Nondurable 10 Wage and Salary Disbursements 300 ^-©-®-®-®-®^-®^-® Goods "* Durable Goods 00-°-°-° 250 i 1 I I I I 1 1 1 1 I I i I I I ) L i^aij^ij^LL 11 I h M . U . 1959 1960 1961 1962 •* Data for March a n d July 1961 include accelerated a n d special Government insurance dividend payments, respectively. -I M I I i I I L 1959 u^uJu 1960 LLI'I I I I I I J 1961 1962 2 WEEKLY BUSINESS STATISTICS1 1962 196! ITEM Mar. 10 Mar. 3 Mar. 11 Feb. 17 Feb. 24 86.0 122 426 3,590 3,346 408 * 120.0 *90.0 *II0,5 *I28.I 86.1 128 383 3,498 3,257 318 119.4 89.7 109,4 127.6 83,4 122 308 2,873 2,380 412 119.3 89.3 109.1 127.5 83.4 119 292 2,960 2,456 309 119. 1 88.8 109.3 127.4 83.1 118 315 31,768 28,109 19.014 679 31,794 28,014 18,671 427 32,888 29,791 19,520 497 32,870 29,913 19,579 533 32,855 29,778 19,487 522 32,908 29,974 19,424 440 ]10,974 30,635 31,531 12,766 4.56 63.43 67.09 110.082 30,401 31,501 !2,738 4.55 63.44 67.21 63,071 30,899 117,877 33,564 32,117 13,452 4.70 70.42 74.42 62,148 31,004 117,829 33,492 32,176 13,475 4.70 70.32 74.29 63,101 31,073 118,935 33,510 32,199 13,494 4.69 69.96 73.89 4.68 69.69 73.57 1,081 14,487 111,657 7,241 1,580 84.8 501 272 1,049 14,613 113,556 7,353 1,573 84*4 493 272 1,372 16,266 159,541 7,471 2,454 !3!s7 538 286 1,333 16,110 159,780 7,450 2,405 129,1 511 274 1,217 16,514 162,284 7,403 2,361 126.7 528 291 Mar. 4 COMMODITY PRICES, WHOLESALE: INITIAL UNEMPLOYMENT CLAIMS, State programs tbous., * State programs (50 States and Puerto Rico)...........do,... FAILURES, INDUST. AND COMMERCIAL (DUN & BRADSTREET)..number.. FINANCE: Federal Reserve bank credit outstanding, total 3/....do.... Member bank reserve balances 3/.,..........•.,..,••••do.••• 119.3 89.4 109.7 127.4 83.8 351 Reporting member banks (of F.R.System) in leading cities:4/ Loans and investments (adjusted)* t o t a l e 6 S S S S S s s e s s d o = s = Commercial and industrial loans (gross) ....do.... Bond yields, domestic corporate (Moody's) 3/ percent,. Stock prices, 500 stocks (Stand. & Poor's) 4/..1941-43=10.. PRODUCTION: Index of production.....,,..,....,,,,...,..,1957-59=!00.. FREIGHT CARLOADINGS, TOTAL ...thous. cars.. 156,825 2,367 127.1 \J Data do not always cover calendar weeks. 2/ Tuesday prices, 3_/ Daily average. .4/ Wednesday data, * Monthly index for Feb. 1961. MONTHLY BUSINESS STATISTICS 1961 1962 ITEM GENERAL BUSINESS INDICATORS PERSONAL INCOME, BY SOURCE: SEASONALLY ADJUSTED, AT ANNUAL RATES: Total personal income ...bil. $, Wage and salary disbursements, total....... do.., Commodity-producing industries. do.., Manuf actur i ng on I y do.., D i str i but i ve i ndustr ies. ...do.,, Ser v i ce i ndustr ies do.., Government do.,, Other labor income.. .......do.. Propr i etors' i ncome: Business and professional ....do.. Farm. do.. Rental income of persons .........do.., D i v i dends • do.., Personal interest income do.. Transfer payments do.. Less personal contributions for social insurance.do.. Total nonagricultural income.... .....do.. DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED), T O T A L ! / mil. $ Durab le goods stores .do.. Automotive group. •• ....do.. Furniture and appliance group do.. Lumber, building, hardware group ..do.. Nondurable goods stores. AppareI group• ••••••••• •• Drug and proprietary stores Eating and drinking places.. Food group • GasoI ine service stations Genera I merchand i se group do.. do.. do.. do.. do.. do.. do... January February November December January February 403.6 269.6 106.2 83.8 71.8 41.6 50.0 II.0 403.1 269.5 105.6 83.5 71.8 41.7 50.4 10.7 429.3 289.4 115.8 91.3 74.7 44.7 54.2 II.5 431.8 290.7 115.6 91.4 75.4 45.1 54.6 11.7 r430.I r290.2 114 90 75 45 r55 II 432.8 292.8 116.0 91.9 76.0 45.4 55.4 12.0 36.0 12.8 11.6 14.2 26.8 31.1 9.6 386.8 35.8 12.9 11.5 14.2 26.8 31.1 9.4 386.2 37.3 13.8 11.5 14.8 27.9 33.2 10.1 410.9 37. 13, ii. 15, 28. 33, 10, 413, 37.4 rl3.l M.5 14.9 28.5 33.1 rIO.3 412.3 37.6 12.8 H.5 14.8 28.7 33.1 10.4 415.3 15,803 4,634 2,676 723 659 15,071 4,479 2,587 682 632 19,224 6,095 3,398 960 949 r22,881 r6,307 r3,148 rl,l8! r906 r16,980 r5,l77 r3, I 11 r769 690 15,982 4,900 2,927 714 11,169 886 606 1,229 4,287 1,381 1,456 10,592 775 588 1,135 4,173 1,282 1,417 13,129 1,261 646 1,359 4,595 1,514 2,459 r16,574 r2,05! r890 r1,421 r5,168 r1,546 r3,853 r I 1,803 r946 r66l r 1,287 r4,494 r1,437 r 1,627 11,082 783 627 1,211 4,306 1,309 1,526 r/ Revised. U Data for Feb. 1962 ?-e advance estimates. CORRECTION: Dec. I960 figure (p. 21, Feb. 1962 SURVEY) should read $1,629.7 mil. 5333 MONTHLY BUSINESS STATISTICS—Continued 3 1962 ITEM January February November December January 17,773 5,359 2,848 844 913 17,795 5,348 2,890 812 900 19,107 6,199 3,609 866 930 r18,836 r5,924 r3,286 r9l4 r949 r18,878 r5,928 3,356 871 932 12,414 1,144 615 1,340 4,563 1,465 1,950 12,447 1,130 629 1,339 4,590 1,473 1,998 12,908 1,187 675 1,398 4,694 1,519 2,165 rl2,9l2 rl,l64 r693 T1,407 r4,63l r1,539 r2,184 r12,950 1,182 666 1,403 4,709 1,533 2,126 25.84 11.78 14.06 26.83 11,93 14.90 26.30 11.86 14.44 26.57 11.66 14.89 r27.7l 11.26 r16.45 r26.75 11.44 M5.32 25.78 11.03 14.75 r26.86 11.52 M5.34 25.86 11.36 14.49 26.91 11.52 15.39 4,107 4,044 5,601 r7,478 4,606 3,534 200 113 84 28 3,472 186 108 80 29 4,726 335 130 98 43 6,376 542 212 100 50 3,874 224 124 93 32 DOMESTIC TRADE—Continued RETAIL TRADE, ALL RETAIL STORES—Continued ESTIMATED SALES (SEAS. ADJ.), T O T A L ! / Durable goods stores Automot i ve group Furniture and appliance group......... Lumber, building, hardware group. mil. $ do.. do. • ....do.. ........do.. Nondur ab I e goods stores do... AppareI group ..do.., Drug and proprietary stores ..........do.. Eating and drinking places ......do.., Food group.. do.. Gasoline service stations.. do.., General merchandise group ......do.., ESTIMATED INVENTORIES: Unadjusted, total bil. $, Durable goods stores.. do.. Nondurable goods stores... ...do.., Adjusted, totaI.. do.., Durable goods stores a*SSB5asssss,c=ccSS»*s=,do,? Nondurable goods stores.... do.., RETAIL FIRMS WITH 4 OR MORE STORES: Estimated sales (unadjusted), total mil, $, RETAIL FIRMS WITH II OR MORE STORES: Estimated sales (unadjusted), total....... do.., Appare I group do.., Drug and proprietary stores do.., Eating and drinking places .....do.., Furniture, homefurnishings stores do.., General merchandise group Grocery stores Lumber yards, building materials dealers Tire, battery, accessory dealers do.., do.., do.., do.., 910 1,695 48 59 897 1,669 47 62 1,610 1,843 64 94 2,517 2,135 5! 129 1,052 1,784 42 79 Estimated sales (seasonally adjusted), total Appare I group Drug and proprietary stores Eating and drinking places Furniture, homefurnishings stores do.., do... do.., do.., do.., 4,195 289 122 90 36 4,262 293 123 90 33 4,525 313 135 100 37 4,579 302 141 100 41 4,510 314 133 101 39 1,250 1,808 67 79 1,303 1,808 68 84 1,410 1,877 63 96 1,434 1,899 63 100 1,408 1,865 56 101 11.37 3.77 7.60 13.14 6.59 6.55 11.31 3.67 7.64 13.15 6.71 6.44 13.64 4.55 9.09 13.78 6.74 7.04 r 12.87 r4.22 r8.65 r13.49 r6.68 r6.8l 12.38 4.18 8.20 13.55 6.70 6.84 thous, do.., do.., .do.., do.., 69,837 64,452 4,634 59,818 5,385 7.7 70,360 64,655 4,708 59,947 5,705 8.1 71,339 67,349 5,199 62,149 3,990 5.6 70,559 66,467 4,418 62,049 4,091 5.8 69,721 65,058 4,417 60,641 4,663 6.7 CIVILIAN LABOR FORCE, TOTAL, SEAS. ADJUSTED. .....thous. EMPLOYED ....do.., Agr icu Itura I emp loyment do.., Nonagr icu Itura I emp loyment do.., UNEMPLOYED... ..edoeei Percent of civilian labor force EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS): TOTAL, SEASONALLY ADJUSTED thous, Manu f actur ing. ..do.., Mining.......... do.., Contract construct ion do.., Transportation and public utilities do.., 71,554 66,651 5,721 60,852 4,761 6.7 71,869 66,723 5,763 60,922 4,968 6.9 71,482 67,148 5,311 61,840 4.370 6.1 71,272 66,936 5,204 61,618 4,274 6.0 71,435 67,278 5,453 61,690 4,159 5.8 53,581 16,021 672 2,773 3,931 53,485 15,962 667 2,765 3,922 54,525 16,466 665 2,719 3,927 r54,492 r!6,5l3 r654 r2,699 r3,9ll r54,424 r16,459 r65l 2,586 r3,908 do.., do.., do.., do.., 11,347 2,727 7,439 8,671 I 1,296 2,731 7,460 8,682 11,374 2,771 7,611 8,992 r11,366 r2,770 r7,642 r8,937 r11,386 r2,770 7,637 r9,027 do... do.., 11,740 11,820 11,642 11,755 12,414 12,225 r 12,303 r12,257 rl2,N9 r 12,195 6,449 6,447 92 502 294 429 6,351 6,377 91 490 294 421 6,883 6,766 98 542 316 463 r6,844 >6,797 98 r526 r3l4 r449 r6,762 r6,754 97 r508 r307 r430 General merchandise group..........................do.., Grocery stores do.., Lumber yards, building materials dealers.. ..do.., Tire, battery, accessory dealers ...do.., WHOLESALE TRADE: Sales, estimated (unadjusted), total bil. $, Durable goods establishments... do.., Nondurable goods establishments ...............do.., Inventories, estimated (unadjusted), total... ...do.., Durable goods establishments .do.., Nondurable goods establishments ,t do.., EMPLOYMENT, HOURS, AND EARNINGS CIVILIAN LABOR FORCE, TOTAL, UNADJUSTED EMPLOYED Agr icuItura I emp loyment Nonagr icu Itura I emp loyment UNEMPLOYED Percent of civilian labor force... Wholesale and retail trade Finance, insurance, and real estate Services and miscellaneous Government. PRODUCTION WORKERS ON MANUFACTURING PAYROLLS: TOTAL, UNADJUSTED SEASONALLY ADJUSTED Durable goods industries, unadjusted Seasona 11 y adjusted Ordnance and accessories..... Lumber and wood products Furniture and fixtures.... Stone, clay, and glass products..... r/ Revised. £ / P r e l i m i n a r y . 5333 .......do.., do. -., do.., do.., do.., ...do.., \J Data f o r Feb. 1962 are advance estimates. 4 MONTHLY BUSINESS STATISTICS — Continued ITEM EMPLOYMENT, HOURS, AND EARNINGS—Continued PRODUCTION WORKERS ON MANUFACTURING .-PAYROLLS—Continued Durable goods industries, unadjusted—Continued Primary metal industries 0 ( 1 , 0 .o«.,,o ( o: »,..thous 0 Fabr I c a t e d meta I p r o d u c t s . . . o c . s o o ^ s . o o c . A o c Mach I n e r y . . . . . . . . . . . . . . o e . * . . * < > o o o oo«. . o . * «.<, o«o e P „ • - d o . 6 c Electrics! equipment and s u p p i I e s s o g o o e . . o ^ o * . . s o . e d o . o e Transportat1on equIpnvent.......•••»o 0 . 0 «>»oo.ooo.o«.do.. e Instruments and related products...••••............do... Miscei Saneous manufacturing industries..<,<,.„••»<>••• do*. c Nondurable goods Industr§es p unadjusted...«••........do.. e Seasonal Sy adjusted sa ... ...... ...•.....•o.... ....do... Food and kindred p r o d u c t s s . . . . „ . c r o e „ . . . . „ . , . . . . . . e d o a o 5 Tobacco manufactures ... s . e o .. a . 0 ..oo, B o e e i 3 0 eoo..<.... do.. c Textile mill products oto do.. c 0 Apparel and related products.®. „..eoo .. .. ...... .. o s do„ oe Paper and a! ! I ed products eo oooo S . <3 o t3S , 0 .o 0 .o !! Goo 0 .o Q do.„« Printing, publishing^ and allied industries.••.....do. os Chemicals and allied products..••.••......•••-•.•.•• do..< Petroleum refining and related industrles......... s do„., Rubber and miscellaneous plastic products. s .. e a e . s .do. e 6 Leather and leather products. o s ....................do. o s HOURS AND EARNINGS PER WORKER ON PAYROLLS OF MFG S ESTAB e : Average weekly gross hours, mfg. Indus., unadj......hours, SeasonaI Iy adjusted...........................o...do.•, Durable goods industries, unadjusted..........<,....do.. e SeasonaI I y adjusted..............................do.., Nondurable goods industries, unadjusted............do.., Seasona 11 y adjusted .............................. do. •, Avg. hourly gross earnings, mfg. industries.......dollars, Durable goods industries...........................do.., Nondurable goods industr ies.........................do..« LABOR TURNOVER IN MANUFACTURING ESTABLISHMENTS? Accession rate, total......monthly rate per 100 employees, New hires..........................................do.., Separation rate, total............ O 0 0 S ...............do.., r5,357 r5,44! rlplll r79 r793 r 1,062 r469 r592 r509 r!28 r295 r320 40.6 40.6 41.1 41.2 39.9 39.7 2.36 2.54 2.14 40.6 40.4 r4l e 3 r4l.2 r39.8 r39.7 2.38 2.55 2.S5 r39.7 r39„8 r40.3 r40.3 r39.0 r39e2 2.29 2.45 2 e 09 39.0 39.3 39.3 39.6 38.5 38.8 2.29 2.45 2.09 3.7 S.5 4.7 e9 3.2 3.2 1.4 3.9 .8 2.6 3.3 1.9 r4.0 I.I 2.2 2.6 1.4 4.0 *9 2.6 p3.8 p2.l p3.7 pi.I p2.0 17,441 .914 17,373 .914 16,975 .923 16,889 1.033 I6,8S5 1.043 1,003.2 255.2 298.7 11.2 468. I 161.2 135.8 2.9 401.4 I 14. I 135.0 3.5 2,750.5 400.5 1,712.2 157.3 1,065.4 284.3 1.7 III.9 4.1 42.8 7.7 2.4 I 14.6 1.5 22.8 7.5 109.9 197.6 75.9 62.8 35.0 235.4 119.7 30.9 77.3 38.9 39.0 39.3 39.3 38.5 38.7 r2.39 r2.56 2.16 FINANCE GOLD, MONETARY STOCK, U 9 S 0 , end o f m o n t h . . . . . . . . . . . . . m i I . $« SILVER, PRICE AT NEW Y O R K . . . . . . . . . . . . . . . . . . d o l . per f i n e oz, STOCKSi CASH DIVIDEND PAYMENTS PUBLICLY REPORTED: TOTAL DIVIDEND PAYMENTS..........................mi I. $, F i nance do.., M a n u f a c t u r i ng 1^ B i l l n g . . . . . . . . . . . . .do.., . . . . . ^ . . 9 . 9 . . . ^ . . . . . . e . s . s e . o o a OO a e i Public utiI it less Commun 5 cat i ons.................................do.., Electric and gas*..............................do.., Ra I !rOad............... esse. ..s.e.saoe.eeee.eeseeOO. . , Trade................... e ........................do.., M i see I Ianeous..•.••••.•••••..••••.••••••••.......do.., r/ Revised. £ / USC0MM—DC—5333 209.0 I 14.6 34.6 68.1 11.8 295.2 II. 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