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MAY 10, 1974

BUSINESS
STATISTICS

" " ^ t e s O* *

A WEEKLY
SUPPLEMENT
TO THE

SURVEY OF CURRENT BUSINESS*

U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS
1967=100

ELECTRIC POWER PRODUCTION

170

(E. E. I. seas. a d j . i n d e x )

160

Monthly

i i i ii i i i i i
1971
Data: Fdison F.iectric Inst.

1972

1973

Billion $
90

Billion $
130

MANUFACTURERS' SHIPMENTS
& INVENTORIES
(seasonally adjusted)

80

j

1974

F M A M J

Dollars
4.40

i

J A S O N D

Hours
48

MANUFACTURING HOURS &
EARNINGS

46

yv
70

Inventories

_

(right scale)

\
Shipments

-

(left scale)

r

60

44

/ L J
w /

42

—
40
Average

/
50

1 1 1 1 1 1 11111111111
11 1 11
1971

i i i i i 1 i ii ii ii ii i I i i i i i

1972

1973

IData: U.S. Dept. of Commerce

1971
Data: U.S. Dept. of Labor

Billion $
100

NEW CONSTRUCTION
(seas, adj., at annual rates)

(right scale)

Week

1972

1973

1974

1973

1974

Billion $
15.0

80

140

Per

I i i i i i 1 i i i i ii iI ii ii ii Ii ii i
3 8i i

1974

Billion $
160

Hours

CONSUMER INSTALLMENT
CREDIT EXTENDED AND
REPAID (seasonally adjusted)

Extended

Private

80

Residential,

(right scale)

i i i i i I i
1971
1972
Data: U.S. Dept. of Commerce

-

60

-

40

Nonfarm

20

i I I i I I l I i I i I I I I I M
1973

1974

1971
Data: Federal Reserve Board

• A v a i l a b l e o n l y w i t h subscription t o t h e S U R V E Y O F C U R R E N T B U S I N E S S , this S u p p l e m e n t


provides selected w e e k l y


a n d m o n t h l y d a t a s u b s e q u e n t t o t h o s e p u b l i s h e d in t h e latest m o n t h l y S U R V E Y

1972

WEEKLY BUSINESS STATISTICS1
1974

1973
ITEM
Apr. 28
WHOLESALE PRICES, 22 COMMODITIES 2J

May 5

Apr. 13

Apr. 20

Apr. 27

.1967=100.

153.5

156.2

229.8

231.0

231.7

mil. $.
do...

9,552
6,014

9,709
6,339

10,601
7,416

10,092
6,756

10,111
6,763

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.

195
1,752
1,595
217

214
1,689
1,539
200

2 79
2,585
2,269
224

255
2,34a
2,233
184

235

mil. $.
do...
do...
do...

66,296
81,390
32,402
338

66,133
81,418
32,502
231

72,008
85,286
35,179
236

72,616
87,387
36,308
394

72,308
87,513
36,109
190

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

96,661
58,181
322,474
24,873
102,014
48,215

97,247
58,095
322,578
24,495
102,487
48,200

102,732
58,395
366,302
25,694
119,040
56,242

102,783
58,036
368,604
24,783
120,699
56]464

100,378
57,926
365,371
23,431
120,1.06
56•716

percent.
1941-43=10.
do...

7.62
108.34
121.31

7.59
108.43
121.41

8.49
92.40
103.42

8.50
94.36
105.80

8.55
90.30
101.43

ALL RETAIL STORES, SALES
Nondurable goods stores

FINANCE:
Currency in circulation 3/
Federal Reserve bank credit outstanding, total _3/
Member bank reserve balances 3/
Excess reserves, estimated 3_/
Assets and liabilities of large commercial banks: kj
Demand deposits, adjusted
Savings deposits
Loans and investments, gross adjusted, total
U.S. Government obligations
Commercial and industrial loans (gross)
Real estate loans (gross)
Bond yields, domestic corporate (Moody's) _3/
Stock prices, 500 stocks (Stand. & Poor's) 4/
Industrial, 425 stocks

170

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..

11,825
32,793
215,444
9,340

11,520
32,85/
210,737
9,374

12,170
33,280
133,603
9,016

12,965
32,654
160,198
9,035

12,960
33,209
171,846
9,076

Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

thous. sh. tons..
1967=100..
bil..

2,987
122.4
16.5

2,981
122.2

2,904
119.0
16.1

2,895
118.7

2,907
119.2
17.2

1_/ Data do not always cover calendar weeks.

2_/ Tuesday price.

MONTHLY

16.6

3/ Daily average.

16.6

Wednesday data.

BUSINESS STATISTICS
1974

1973
Feb.

Mar.

Dec.

Jan.

Feb.

9,216
7,008
4,023
3,328
1,862
360
1,051

10,030
7,608
4,316
3,559
2,063
418
1,154
2,422

10,686.
8,240
4,286
3,464
2,393
622
1,286
r2,446

9,368
7,110
3,639
2,953
2,155
509
1,183
2,258

r9,189
r6,738
r3,291
r2,667
r2,174
r553
rl,170
r2,451

136.4
104.1
61.5
49.4
5.2
14.9
32.3

137.5
103.8
60.7
49.6
26.7
5.5
15.1
33.6

133.4
39.6
52.7
42.0
28.8
7.1
15.7
33.8

132.8
98.4
50.4
39.7
29.4
6.9
16.3
34.4

rl34.9
99.2
49.9
39.3
30.7
r8.0
rl6.6
r35. 7

145

147

158

159

CONSTRUCTION AND REAL ESTATE
NEW CONSTRUCTION PUT IN PLACE (UNADJ.) TOTAL
mil. $.
Private, total
do...
Residential (incl. farm)
do...
New housing units
do...
Nonresidential buildings, total 1/
do...
Industrial
do...
Commer c ial
do...
Public, total
do...
NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL
RATES), TOTAL
bil. $.
Private, total
do...
Residential (incl. farm)
do...
New housing units
do...
Nonresidential buildings, total 1_/
do...
Industrial
do...
Commercial
do...
Public, total
do...
CONSTRUCTION COST INDEXES:
DEPARTMENT OF COMMERCE COMPOSITE
1967=100.

2,208

26.2

rl61
1974

1973
Mar.

Apr.

Jan.

Feb.

Mar.

89,686
87,325
82,814
3,131
79,683
4,512

89,823
87,473
83,299
3,295
80,004
4,174

91,354
89,096
84,088
3,197
80,891
5,008

91,692
89,434
84,294
3,283
81,011
5,140

91,884
89,633
84,878
3,334
81,544
4,755

LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE, total, persons 16 years of age and over,
not seasonally adjusted
Civilian labor force
Employed, total
Agriculture
Nonagricultural industries
Unemployed
xj Revised.
11,617

1_/ Except farm and public utilities.




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

3

MONTHLY BUSINESS STATISTICS — Continued

|

1974

1973

ITEM
Mar.

Apr.

Jan.

Feb.

Mar.

Apr. £_/

88,162
83,782
3,469
80,313
4,380
869

88,272
83,854
3,356
80,498
4,418
787

90,543
85,811
3,794
82,017
4,732
768

90,556
85,803
3,852
81,951
4,753
830

90,496
85,863
3,699
82,164
4,633
815

90,313
85,775
3,511
82,264
4,538
857

5.0
3.4
4.9
14.2
4.4
9.0
2.5
2.9
5.5
4.9
8.7
4.6
4.4

5.0
3.4
4.8
15.2
4.5
9.2
2.4
3.1
5.4
4.9
9.3
4.4
3.8

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
5.1

5.1
3.4
5.0
15.0
4.6
9.4
2.4
2.8
6.1
5.1
8.4
5.2
5.0

5.0
3.6
4.9
13.8
4.5
8.7
2.5
2.8
6.4
5.3
10.3
5.0
5.0

74,914
61,340
41,697
23,857
610

75,105
61,491
41,764
23,906
608

r76,526
62,642
42,636
24,296
654

r76,813
r62,819
r42,915
r24,317
r656

r76,785
r62,746
r42,892
r24,227
r656

76,911
62,817
42,888
24,231
658

3,604
19,643
11,463
8,180

3,571
19,727
11,534
8,193

3,636
20,006
11,774
8,232

r3,757
r19,904
rll,683
r8,221

r3,717
rl9,854
r11,644
r8,210

3,644
19,929
11,722
8,207

51,057
4,580
16,163
4,029
12,134

51,199
4,591
16,217
4,044
12,173

r52,230
4,684
16,417
4,184
12,233

r52,496
r4,691
rl6,472
r4,192
rl2,280

r52,558
r4,675
rl6,480
r4,183
rl2,297

52,680
4,669
16,518
4,187
12,331

4,024
12,716
13,574
2,631
10,943

4,031
12,746
13,614
2,628
10,986

4,109
13,136
rl3,884
r2,651
11,233

r4,124
rl3,215
rl3,994
2,670
rll,324

r4,128
rl3,236
rl4,039
r2,675
rll,364

4,132
13,267
14,094
2,667
11,427

50,830
14,451
8,425

50,947
14,521
8,483

51,781
14,682
8,624

r5l,948
rl4,563
r8,524

r5l,845
rl4,528
r8,495

51,904
14,601
8,574

.hours..

37.1
37.0
40.9
3.9
41.6
4.1
39.8
3=5
33.4

37.2
37.0
40.9
4.1
41.8
4.4
39.8
3.6
33.4

36.7
36.2
40.3
3.4
40.8
3.5
39.6
3.4
32.8

r37.0
r37. 7
40.5
3.5
41.1
3.6
39.6
3.3
r33.0

36.8
37.2
r40.4
r3.6
40.9
r3.7
39.5
3.3
r32.9

36.6
36.1
39.5
2.8
39.9
2.8
38.9
2.7
33.1

dollars..

3.81
4.54
6.31
3.98
4.92
3.13
3.54
3.30

3.84
4.59
6.35
4.01
4.97
3.15
3.58
3.32

4.02
4.97
6.69
4.20
5.20
3.33
3.73
3.49

4.04
r4.96
6.72
4.20
r5.24
3.34
r 3.72
3.52

r4.07
r4.98
r6.78
4.23
r5.26
r3.36
r3.74
r3.54

4.08
5.03
6.82
4.24
5.29
3.37
3.75
3.56

143.3
142.5
152.6
140.4
152.1
140.2
136.9
143.6

144.4
144.0
153.4
141.1
154.6
141.2
139.1
144.7

151.7
154.2
160.5
148.5
161.1
148.8
145.2
152.1

rl52.5
rl54.8
rl62.5
149.3
rl62.2
r149.1
rl45.2
rl52.9

rl53.5
rl55.8
rl63.6
r150.1
rl63.0
rl50.1
rl45.6
rl53.9

154.6
157.3
164.2
151.5
163.8
150.9
146.7
155.0

109.9
101.6

110.4
102.5

1.11.0
101.8

rill.8
rlOl.5

rill.2
rl00.9

110.5
99-4

LABOR FORCE, EMPLOYMENT, AND EARNINGS--Con.
LABOR FORCE, total—Con.
.thous..

Long-term, 15 weeks and over
Rates (unemployed in each group as percent of
total in the group):

..do

White

Industry:

Private nonfarm wage and salary workers...

SEASONALLY ADJUSTED
EMPLOYEES ON PAYROLLS of nonagric. estab., total

.thous..

Nonmanufacturing industries

..do

Contract construction

..do

Transportation, communication, elec., gas, etc... ..do... .

Services

Production or nonsupervisory workers on payrolls of private
nonagricultural establishments (seas, adj.):
.thous. .

Average weekly hours per worker, seas, adj.:

Nondurable goods

Hourly earnings, average, seasonally adjusted:
Total private nonfarm payrolls

Manufacturing
Transportation, communication, elec., gas, etc....do

Indexes of average hourly earnings, seasonally adjusted:
Private nonfarm economy:
Current dollars
1967-100..

Transportation, communication, electric, gas, etc...do

Indexes of aggregate weekly man-hours, production
or nonsupervisory workers, seasonally adj.:
Manufacturing
xj Revised.
11,617

£_/ Preliminary.




4 MONTHLY BUSINESS STATISTICS—Continued
1974

1973

Apr.

Apr.

Jan

Feb.

161,491
131,02.2

178,686
146,575

177,522
145,92 7

177,572
145,768

13,661
12,014

12,375
13,237

11,22 7
11,875

13,246
13,405

13,465
1.2,061

13,714
12,797

13,541
12,870

13,823
13,206

58.67
64.41
40.57
38.97
69.42

51.39
55.77
36.85
35.28
64.80

50.01
54.02
36.26
35.27
62.81

52.15
56.80
38.39
35.22
64.47

170.80
149.10
98.80
83.95
888.6

159.95
145.90
76.30
68.80
972.2

169.55
144.95
84.1.0
72.50
1,539.2

rl74.05
rl49.25
r95.85
r86.30
rl,617.4

p255« 75
P219.35
pl29.40
pllO.95
pi,743.8

76.70
72.05
35.35
33.55
375.4

80.95
74.45
30.60
28.60
425.8

41.80
39.85
38.50
34.85
623.9

r45.75
r38.05
r37.95
r33.05
r63U7

p67.00
p56.95
p47.45
p40.60
p651.2

Mar.
FINANCE
CONSUMER CREDIT (SHORT-AND INTERMEDIATE-TERM) :
159,320
Total outstanding, end of month................oo,»..mil. $.
Installment credit, total.
... .......u... .do..» 129,375
Installment credit, extended and repaid:
Unadjusted:
13,681
Extended, total „00000CB0..0.000000000«...........«.....do...
12,265
Repaid, total.
.....
.do. ..
Seasonally adjusted:
Extended , total. . .
.do. „ . 13,852
11,808
Repaid, total..........................................do....
SECURITY MARKETS:
STOCKS:
Prices:
New York Stock Exchange common stock indexes:
Composite................................. 12/31/65=50»
60.15
Industrial............. ... „....................do...
66.20
Transportation.................................do...
40.92
39.13
Utility........................................do...
72.32
F inanee..........................
.„„.„..„do...
METALS AND MANUFACTURES
MACHINE TOOLS:
Metal cutting type tools:
Orders, new (net), total......................
mil. $.
Domestic....................................
..do...
Shipments, total..............................
..do...
..do...
Domestic....................................
..do...
Order backlog, end of month...........
Metal forming type tools:
Orders, new (net), total.................
.......do
Domestic.
........a..................do
Shipments, total
do
Domestic
.do
Order backlog, end of month...............«„„„„„.... .do
rj Revised.

j>/ Preliminary.

USC0MM--DC—11,617

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS

WASHINGTON, D.C.

20402

OFFICIAL BUSINESS

POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
375

First-Class Mail

OV-UTIQV

^e-191 6

WEEKLY SUPPLEMENT

SURVEY OF CURRENT BUSINESS



49.21
53.95
35.8 7
32.59
58.72