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March 4, 197

.<:;x
^ 4 T E S O* *

A WEEKLY
SUPPLEMENT
TO THE

BUSINESS
STATISTICS

SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
BILLIONS OF DOLLARS
500
TOTAL LOANS AND INVESTMENTS
475
(Weekly Reporting Member Banks of Federal Reserve

BILLIONS OF DOLLARS
500
Monthly
average of Wednesday d a t a ) -

System)

450

-

425

-

AHO
4UU

375

-

350

-

325

,

300

i

i

i

i

1974

.

1 i

i

i

i

.

i

.

i

1975

i

i

1 i

i

i

i

i

i

i

i

i

i

1976

1

J

1977

F M A M J J A S O N D

Data: Federal Reserve Board

INDEX, 1941-43=10
140
PRICES OF 4 0 0 INDUSTRIAL STOCKS
130 —

INDEX, 1941-43=10
140
Monthly

Weekly
(Wednesday close)

-

(avg. of daily close)

130

120

"

H 120

110

"

110

inn

100

90

-

90

80

"

80

70

—I—I—L_™J—I—I—I—I—L-J—I—I—I—I—I—I—I

1974

I

L*J

I I I

1975

I

I l

I I I I I I I I

I

I I I I

1976

I

I I,..I

L

I

l l i I i
F M A M J J A S O N D

J

1977

70

Data: Stand. & Poor's Corp.

THOUSANDS
1,400
MOTOR VEHICLE PRODUCTION
(Passenger cars)
1,200

THOUSANDS
350
Monthly

Weekly

-

300

1,000

-

800

-

600

III

400
200
l-J—I—I—I

1974

1975

I I I I

I L-

J I

I LJ

L_J_

1976

Data: Motor Vehicle Mfgrs. Assn. of the United States, Inc.

^ A v a i l a b l e 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




1977

f Q

200

YTC n\
[ \ fad * i 150

K

100

.! i i i 1 ,1, 1 I I I
I I , .
J F M A M J J A S O N D

0

I

0

250

1977

50

WEEKLY BUSINESS STATISTICS

2

Feb. 21
WHOLESALE PRICES, 22 COMMODITIES 2/
9 Foodstuffs
13 Raw industrials
ALL RETAIL STORES, SALES
Nondurable goods stores

Feb. 26

212.2
207.8
215.2

213.7
210.0
216.1

213.4
208.6
216.7

mil. $.
do. . .

11,096
7,426
378
4,771
3,758
185

11,715
7,505
353
4,619
3,640
204

11,905
8,049
702
4,578
3,774
157

11,929
8,021
552
4,562
3,756
219

12,237
8,133
422
175

140

84,369
100,692
34,540
500

84,061
103,686
33,656
-117

91,303
109,657
35,352
179

91,610
109,255
34,661
295

91,968
107,838
34,567
174

e91,873
110,067
34,188
263

100,547
74,786
377,520
41,107
116,738
59,748
9.23
99.85
112.02

101,978
75,269
374,475
40,083
116,098
59,723
9.19
101.69
114.31

109,046
91,515
397,243
47,6.15
114,771
63,945
8.46
102.36
113.67

107,896
91,976
395,617
48,003
114,819
64,121
8.46
100.73
111.82

8.48
101.50
112.77

8.50
100.19
111.33

13,290
36,358
178,049
8,014

12,805
3.6,680
168,999
8,062

9,460
43,359
121,756
8,020

10,845
41,425
161,446
8,020

12,400
40,603
199,617
8,020

2,404
80.5

2,458
82.3

2,003
65.2

2,116
68.9

2,260
73.6

14.9

15.9

Bond yields, domestic corporate (Moody's) 3/
percent.
Stock prices, 500 stocks (Stand. § Poor's)~£/..1941-43=10.
Industrial, 400 stocks
do. . .
thous. sh. tons.
mil. kw.-hr.
number.
thous. bbl.
thous. sh. tons.
percent.

RAIL FREIGHT, REVENUE TON-MILES

Feb. 19

195.9
203.4
190.7

FINANCE:
Currency in circulation 3/
mil. $.
Federal Reserve bank credit outstanding, total _3_/. .. .do. . .
Member bank reserve balances 5/
do. . .
Excess reserves, estimated 3/
do.. .
Assets and liabilities of large commercial banks:4/
Demand deposits, adjusted
T.. .do. . .
Savings deposits
do. . .
Loans and investments, gross adjusted, total
do...
U.S. Government obligations
do...
Commercial and industrial loans (gross)
do...
Real estate loans (gross)
do...

Steel, raw
Rate of capability utilization 5/. .

Feb. 12

195.2
205.0
188.6

INITIAL UNEMPLOYMENT CLAIMS, State programs
thou's.
INSURED UNEMPLOYMENT, all programs
do. . .
State programs (50 States, D.C., and Puerto Rico)....do...
FAILURES, INDUST. AND COMMERCIAL (Dun § Bradstreet)...number.

PRODUCTION:
Bituminous coal
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate 5/

Feb. 5

Feb. 28

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

bil.

212.5
205.4
217.5

200,126
2,306
75.1

1/ Data do not always cover calendar weeks. 2/ Tuesday price. 5/ Daily average. £/ Wednesday data. 5/ Capability for a full order book
based on current availability of raw materials, fuels, supplies, and industry facilities. e_/ EstimatedT

MONTHLY
ITEM

BUSINESS STATISTICS
1975

1976

Dec.

Jan.

43,213
5,937
9,383

43,210
6,544
9,638

51,869
7,454
11,307

51,408
r7,086
12,265

r50,726
r6,752
rll,996

49,448
6,901
12,481

46,772
6,412
10,913

47,289
6,850
10,444

49,267
7,355
10,164

51,427
7,283
11,705

r55,520
r7,298
rl4,269

53,499
7,250
13,068

3,138
14,154
12,163
1,991

3,157
14,419
12,219
2,201

3,202
15,609
13.320
2,289

3,263
15,639
13,350
2,289

r3,319
rl6,671
rl4,208
r2,463

3,233
16,171
13,731
2,440

Oct.

Dec.

Jan.

GENERAL BUSINESS INDICATORS
MANUFACTURERS* SHIPMENTS: 1/
Value (not seasonally adjusted):
Durable goods industries, total
mil. $
Primary metals
do. .
Transportation equipment
do. .
Value (seasonally adjusted):
Durable goods industries, total
do. .
Primary metals
do. .
Transportation equipment
do. .
Supplementary series:
Household durables
do. .
Capital goods industries
do..
Nondef ense
do..
Defense
do. .
MANUFACTURERS' ORDERS: 1/
New orders, net (not seasonally adjusted):
Durable goods industries, total
do..
New orders, net (seasonally adjusetd):
Durable goods industries, total
do. .
Primary metals
do. .
Transportation equipment
do. .
Supplementary series:
Household durables
do. .
Capital goods industries
do. .
Nondef ense
do. .
Defense
do. .
Unfilled orders, end of month (unadjusted):
Durable goods industries, total
do. .
Unfilled orders, end of month (seasonally adjusetd):
Durable goods industries, total
do..
Primary metals
do..,
Transportation equipment
do.. ,
r/ Revised.
84,204

1/ Data for Jan. 1977 are advance estimates.




42,026

42,307

r53,016

r51,449

r50,726

49,448

45,985
6,666
10,856

45,904
6,674
9,476

r50,993
7,019
rll,431

r52,424
7,529
rl2,191

r57,497
r7,252
rl5,580

55,178
7,907
13,296

3,169
12,991
11,054
1,937

3,203
13,103
11,663
1,440

3,379
rl7,203
14,302
r2,901

3,284
rl6,064
12,878
r3,186

r3,314
rl8,303
rl4,305
r3,998

3,379
16,574
14,688
1,886

162,726

161,822

ri64,998

r!65,040

rl66,639

168,808

163,582
14,742
50,236

162,197
14,567
49,268

rl64,522
15,804
r50,958

rl65,519
16,051
r51,445

rl67,494
rl6,004
r52,753

169,172
16,660
52,981

MONTHLY BUSINESS STATISTICS —Continued

Jan.

Oct.

Nov.

Dec.

29,210

2,669
107,216
78,767
28,449

2,629
rl08,198
78,398
r29,800

2,650
rl08,623
77,925
r30,698

r2,644
rll0,253
r78,022
r32,231

77.1
76.1
55.6

72.9
72.5
54.0

rl49.8
148.4
109.1

rl28.2
rl27.1
r89.4

rl07.3
rl06.6
r72.1

do.. .
do.. .

rl,336
rl,025

rl,259
r973

rl,715
rl,269

rl,706
rl,236

rl,884
rl,331

do. . .
do...

1,091
812

1,147
851

1,492
998

1,590
1,072

rl>514
rl,053

rl49.51
rl20.07
1.71
r6.91
38.63
9.29
r30.47
8.06
r25.00
r29.44

rl50.47
rl20.88
1.72
r7.03
39.02
9.24
r30.65
8.10
r25.13
r29.58
87

rl52.70
rl22.62
1.80
r6.95
39.18
9.33
r31.15
8.32
r25.89
r30.08
96

rl52.62
rl23.22
rl.81
r7.04
r39.59
r9.45
r31.06
8.36
r25.91
r29.40
99

rl53.44
rl23.61
rl.82
r6.99
r39.57
r9.51
r31.32
8.40
r25.99
r29.83
105

2.2
1.3
3.4
.9
1.9

3.8
2.1
3.7
1.3
1.6

3.5
2.5
4.1
1.7
1.5

3.0
1.9
3.4
1.2
1.5

2.2
1.3
r3.5
1.0
rl.8

3.9
2.5
3.6
1.6
1.3

4.1
2.6
3.5
1.6
1.1

3.5
2.3
4.0
1.5
1.6

3.8
2.4
3.6
1.5
1.3

4.0
2.5
3.6
1.7
1.1

537

400

251

Dec.
GENERAL BUSINESS INDICATORS--Con.
MANUFACTURERS' ORDERS--Con. 1/
Unfilled orders, end of month (seasonally adjusted)--Con.
Supplementary series:
Household durables
mil. $.
Capital goods industries
do.. .
Nondef ense
do.. .
Defense
do. . .
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

3

thous.
do. . .
do...

2,623
108,533
79,323

LABOR FORCE, EMPLOYMENT, AND EARNINGS
EMPLOYEE-HOURS of wage and salary workers, nonagric.
estab., for 1 week in the month, seas. adj. at annual
rate 2/
bil. hours
Total private sector 2/
do. .
Mining
do. .
Contract construction 2/
do. .
Manufacturing
do..
Transportation, communic, e l e c , gas, etc
do..
Wholesale and retail trade 2/
do. .
Finance, insurance, and real estate
do. .
Services 2/
do. .
Government 2/
do. .
HELP-WANTED ADVERTISING, SEAS. ADJUSTED INDEX
1967=100
LABOR TURNOVER IN MANUFACTURING ESTABLISHMENTS:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees
New hires
do. .
Separation rate, total
do. .
Quit
do. .
Layoff
do. .
Seasonally adjusted:
Accession rate, total
do. .
New hires
do. .
Separation rate, total
do..
Quit
do. .
Layoff
do. .
WORK STOPPAGES:
Number of stoppages:
Beginning in month
number
Workers involved:
Beginning in month
thous
Days idle during month
. do..

239
86
1,854

75
1,191

161
4,138

262
3,228

89
1,770

mil. $
do..
do. .

9,328.7
9,303.5
9,249.9

8,763.8
8,754.2
9,097.2

10,085.1
10,080.7
r9,698.6

9,687.4
9,682.3

r9,589.3

10,798.6
10,794.5
rlO,410.4

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

1,382.0
139.3
819.8
350.9
68.8
780.7
895.3
4,038.2
633.3
1,563.9
478.5
8,884.5
8,521.5

1,333.3
187.9
835.8
268.4
78.9
753.2
893.8
3,579.0
665.1
1,212.2
477.9
9,009.0
r9,000.9

1,515.9
149.7
1,049.4
407.2
83.1
816.3
906.7
4,229.0
833.3
1,502.1
560.1
10,023.1
rlO,555.1

1,299.2
126.5
1,118.2
379.1
79.0
827.9
904.8
4,067.7
733.2
1,537.3
541/4
11,061.6
rl0,622.9

1,220.8
191.9
1,101.9
361.1
94.8
930.7
996.6
4,833.8
892.0
1,976.2
611.0
11,450.2
rll,020.4

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

712.1
137.2
524.4
2,547.5
46.0
327.9
1,211.1
2,269.4
878.7

759.7
141.5
483.8
2,790.7
57.8
350.0
1,190.5
2,229.7
838.8

776.5
139.1
602.4
2,823.1
18.6
471.6
1,520.1
2,354.4
1,101.0

924.3
137.9
578.3
3,069.9
62.2
473.9
1,606.8
2,723.7
1,231.3

1,031.4
155.4
668.1
3,332.8
50.0
453.6
1,629.0
2,795.4
1,114.2

FOREIGN TRADE
EXPORTS (MDSE.), INCL. REEXPORTS, TOTAL
Excl. Department of Defense Shipments
Seasonally adjusted
By commodity groups and principal commodities:
Food and live animals
Beverages and tobacco
Crude materials, inedible, exc. fuels
Mineral fuels, lubricants, etc
Animal and vegetable oils, fats, waxes
Chemicals
Manufactured goods
Machinery and transport equipment, total
Electrical
Transport equipment, total
Miscellaneous manufactured articles
GENERAL IMPORTS, TOTAL
Seasonal ly adj usted
By commodity groups and principal commodities:
Food and live animals
Beverages and tobacco
Crude materials, inedible, exc. fuels
Mineral fuels, lubricants, etc
Animal and vegetable oils and fats
Chemicals
Manufactured goods
Machinery and transport equipment
Miscellaneous manufactured articles..

r/ Revised. p_/ Preliminary. 1/ Data for Jan. 1977 are advance estimates, 2/ Data reflect adjustments to correct employment levels (back
to July 1975) for four industry divisions.




MONTHLY BUSINESS STATISTICS—Continued

4

1976
Oct.

Dec.
TRANSPORTATION AND COMMUNICATION
HOTELS AND MOTOR-HOTELS:
Restaurant sales index..................same month 1967=100.
Hotels: Average room sale..........................dollars.
Rooms occupied....................percent of total.
Motor-hotels: Average room sale................... .dollars.
Rooms occupied..............percent of total.

1977

117
r29.23
r45
r20.16
r49

108
29.41

138
33.43

122
32.54

21.24
58

23.36
70

22.07
60

128
31.46
46
21.88
50

87.05
71.05
161.95
130.95
1,062.4

73.75
66.15
117.00
101.20
1,019.2

190.55
168.60
112.60
96.95
1,149.0

201.30
191.35
117.10
106.10
1,233.2

171.10
150.50
161.95
145.70
1,242.4

pl54.55
pl40.70
p94.45
p80.50
pi,302.5

28.25
23.60
48.15
39.75
218.6

32.80
29.30
39.25
33.20
212.1

48.80
39.05
50.50
41.95
214.6

43.85
39.00
59.90
46.60
198.6

58.15
53.50
47.55
40.65
209.2

p46.15
p42.50
p50.85
p36.50
p204.5

1,800
210.3
259.7
178.5

rl,952
r268.0
r224.5
rl93.4

2,056
83.0
321.6
235.7

1,868
83.6
301.4
193.8

1,967
219.2
239.4
224.3

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

194.9
360.9
83.8
279.3
202.9

rl76.7
r300.2
rll4.9
r369.6
266.4

224.1
392.7
108.2
369.6
295.1

207.8
330.7
84.9
345.0
295.3

1,714
186.
245.
202.
187.
289.
81.
277.
217.8

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

820.9
100.7
241.2

676.7
89.3
205.0

797.0
129.2
252.6

762.7
130.3
240.9

845.6
124.5
264.2

METALS AND MANUFACTURES
MACHINE TOOLS:
Metal cutting type tools:
Orders, new (net), total...........................mil. $
Domestic
.do..
Shipments, total
do..
Domestic.
.do..
Order backlog, end of month..........................do..
Metal forming type tools:
Orders, new (net), total
do..
Domestic...........................................do..
Shipments, total
do..
Domestic.
.do..
Order backlog, end of month
.do..
ELECTRICAL EQUIPMENT:
Household electrical appliances, factory sales........thous
Air conditioners (room)...............................do..
Dishwashers.
.do..
Disposers (food waste)............................... do..
Ranges
Refrigerators
Freezers
Washers
Dryers (incl. gas)
TRANSPORTATION EQUIPMENT
REGISTRATIONS (new vehicles): 1/
Passenger cars.
Imports, including domestically sponsored.
Trucks
r / Revised, p / P r e l i m i n a r y .
USC0MM--DC-- 847204

1/ Courtesy of R.L. Polk $ Company; r e p u b l i c a t i o n p r o h i b i t e d .

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON, D.C. 20402
OFFICIAL BUSINESS

First-Class Mail

WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS



Data exclude f i g u r e s f o r one S t a t e .

POSTAGE AND FEES PAID
U.S. DEPARTMENT OF COMMERCE
COM-209

187.0
354.9
101.1
352.0
247.7