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^^jAENTOfco ^INCOME iPAYMENTS May 16, 1958 H | ^ SURVEY OF CURRENT BUSINESS BUSINESS STATISTICS ^ ISsHS t<-° A WEEKLY SUPPLEMENT 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 Index, 1 9 4 7 - 4 9 = 100 IndeK, 1947-49 = 100 175 175 Monthly STEEL PRODUCTION (Ingots and steel for costings) 15© 150 125 125 100 100 |, » I 8 I \ § 8 § SALES OF RETAIL STORES A M J J A S O N D NEW PERMANENT N O N F A R M DWELLING UNITS STARTED (privately owned) * (seasonally adjusted) 15 1.5 10 1.0 Durable I J F M 1958 Goods ^Seasonally adjusted, at annual rates I 8 M I i i I IM i i In In M i IiM H h i iM 1955 1956 0 I t M n | I I I H h M ' « I '» H 1 n I i i 1 i i i n 1 i i t H I H I II 1958 1957 1955 Index, 1 9 4 7 - 4 9 = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) 175 56 2.20 H 2,00 H 1.80 H 1,60 Empl oyment lOO 1 1 1 1 1 1 H• 1i i1i 1i i h i i i i H 52 Average Hourly Gross Earnings Cleft scale) \ 48 44 40 Average 75 EARNINGS \ 1 !25 ~ 1958 Hours MANUFACTURING HOURS & 150 Payrolls 1957 Dollars 2,40 ^ ^ H A ^ X L o ^ IS56 I I I I I I_I 1111 1 1 1 1 !M 1 1i l l S.40 Hours Per Week (right scale) L j n i i l i m i h iI 1955 I I l I )I i \ 1956 iiii i I i i IIl 1957 iiniliMij 1958 36 WEEKLY BUSINESS STATISTICS1 2 1957 1958 ITEM May 11 May 4 April 19 Apr i1 26 May 3 May 10 Commodity prices, wholesale; • «•• 88.2 143 1,513 1,410 297 •117.2 *90.6 •104.3 •125.4 88.2 143 1,451 1,355 267 H9.5 98.2 IN.4 125.7 84.8 125 3,558 3,291 346 119.4 97.5 111,4 125.7 84.1 136 3,489 3,226 329 119.3 97.2 III.5 125.6 84.1 132 336 279 30,499 25,093 19,000 379 30,589 25,177 18,984 489 30,733 24,701 18,369 653 30,617 24,854 18,654 715 30,518 24,566 18,249 660 30,659 24,763 18,276 690 56,213 23,148 87,829 26,034 31,450 8,679 55,273 23,213 86,087 25,552 3!,338 8,665 56,491 27,038 92,713 30,164 30,662 8,729 56,361 27,177 92,052 30,107 30,252 8,735 55.692 27,294 92,470 30,548 30,174 8,745 3.99 46.02 49s59 4.01 46,31 49.51 4.02 42 s 10 44.82 4.00 42.80 45.54 3.99 43.44 46.22 1,585 H,286 143,848 7,529 1,600 Si,351 149,122 7,434 1,180 11,107 89,874 6,251 1,120 11,206 74,868 6,288 1,058 11,251 96s251 6,227 2,226 87.0 719 351 2,220 86.7 723 352 f,285 #47.6 534 286 1,270 #47. i 534 287 1,289 #47.8 533 292 1 19 5 98. 1 1 12 0 125 6 84.4 Finance: Federal Reserve bank credit outstanding, total 4/....do.... Federal Reserve reporting member banks in leading cities :5»/ Commercial, industrial, and agr. loans (gross)...do*... Bond yields, domestic corporate (Moody f s) 4/......percent.. Stock prices, 500 stocks (Stand, & Poor f s) j>/».1941-43=10.. 4.00 43.93 46.80 Production: J./ Data 1958. ±/ percent. which are 95.168 i,334 #49.4 do not always cover calendar weeks. 2/ Tuesday prices. 3/ Revised series; not comparable with data in issues prior to May 9, Daily average* j>/ Wednesday data. 6/ Week beginning May 12, 1958: Production, 1,400 thous. short tons; operating rate, 51.9 • Monthly index for April 1957. # Based on January I, 1958, annual capacity (140,742,570 tons); not comparable with 1957 rates based on January I, 1957, annual capacity (133,459,150 tons), MONTHLY BUSINESS STATISTICS 1958 1957 ITEM March GENERAL BUSINESS Apri I January February March INDICATORS National income and product: Seasonally adjusted quarterIv totals at annual rates: National income, total............. bil. of do! Compensation of employees, total.................do.. Wages and salaries, total......................do.. Pr i vate. •••••••••••••••••do.• Mali tar y . •••«.. do.. Government civil ian..••••••••••• ...<>•• •....•• do.. 355.6 25S.I 235 . 9 196.8 9.6 29e4 •356.S •255.3 •239.5 •199.1 •9*5 •30,8 250.5 235.1 194.5 9.4 3i 3 2 Supplements to wages and saleries.........».««»..do.« Proprietors' and rental income, totaI........... .do.. Business and professional .do.. Farm. ••••••••.•• •••••• do.. Rental income of persons...........•••.»......«do.. 15*3 50.9 28«4 12.0 10.4 •15.8 *5I.3 •28.6 •12.2 •10.4 15.4 5f»0 27.9 12.8 10.3 Corp. profits and inventory valuation adj.,totaI.do.. Corporate profits before tax, total ••••••do.. Corporate profits tax SiabiIity.....«.„..«...do., Corporate profits after tax....... ••••••do.. Inventory valuation adjustment..•••••••••••••..do., Net Interest. •••••••••••••••••••••«.do.. 41.2 43.9 22.4 21.5 -2.7 12.5 •36.3 •37.5 •19.1 •18,3 *-l.2 •13.3 -.5 S3.4 Gross national product, total... •••••••••••do.. Personal consumption expenditures, totaS<B«s,..«.8a,doea Durab!e goods••••••••••••••••••••••••••••••••••do.. NondurabIe goods••••••••••••••••..•••••••••••••do.. 429.9 276.7 35.9 137.3 103.4 •432.6 •282.4 •34.4 *S40W8 * 107.2 422.0 281.2 3I..5 |4I.5 I08»2 63 e 6 32.8 30.7 .0 4.1 85.6 50.3 45.5 35.3 •61.3 •34*0 •30.0 •-2.7 •2.0 •87.0 •49.7 •45.0 •37.3 51.8 33.3 27.5 -9 e 0 1.5 87.5 49.5 44.8 38.0 •}©" V i C e S . Q . . . . . . . . . . . . < > . . . . « . « . . . . . . . . . . . o ...» . Q O « . Gross private domestic investment, total.........do.. New construct ion.......»«.»..» «»»•<».«>«««•.<>« ««.do«. Producers 1 durable equipment...................do.. Change in business inventori©s.................do.. Net foreign investment........• ••••••••.•••••••••*do.. Gov't purchases of goods and services, total.....do.. Federal (less Government sales)................do.. Nationai securityt. •• ••••••• do.. State and local..... •••••••• do.. • Data are for 4th http://fraser.stlouisfed.org/ 12868 Federal Reserve Bank of St. Louis quarter 1957. Apri I MONTHLY BUSINESS STATISTICS — Continued 3 1958 1957 ITEM March April January February March Apri 1 GENERAL BUSINESS INDICATORS - Continued National Income and product - Continued Seasonally adjusted Quarterly totals at annual rates - Con. •345.5 •43.4 •302.1 •19.8 338.3 42.2 296,1 19.5 Farm Income and market i ngs: Cash receipts from farming,incl.Govt.pay'ts...mi 1. of dol.. Indexes of cash receipts from marketings and CCC loans: 1/ All commodities 1947-49*100.. 1,909 1,880 576 1,304 398 645 229 1,950 1,928 557 1,371 393 711 231 ! 342.5 42,4 300.1 18.9 2,753 2,708 1,171 1,537 377 886 246 2,175 2,144 799 1,345 355 738 223 2,133 2,108 630 1,478 406 762 276 «»««««»•*» & * »e e » e , , • 77 54 96 79 '52 101 III 109 113 88 74 99 86 59 109 90 52 118 '90 46 123 126 !30 122 97 85 105 Of 52 114 214.7 214.9 217.8 218.0 219.5 .«...«..». 87.0 79.3 55.8 7.7 933.0 93.7 1 91.4 62,3 2.3 962.0 r67.9 r62.9 r43.3 r5.0 r1,020.0 65.0 60.0 41.0 5.0 890.0 79.0 75.1 51.3 3.9 880.0 95.0 90.7 61.9 4.3 950.0 Indexes of volume of farm marketings: 1/ CrOPSe »•«,•«»«»««««e«eseee@se$a seesesssosseessee#QOss «e COMMODITY PRICES Reta i1 pr i ce: All commodities (U.S,Dept,of Commerce index)..!935-39»100., CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwelling units started: Unadjusted: Tota!? privately and publicly owned.esethous«* Seasonally adjusted at annual rate, privately owned..do.... DOMESTIC TRADE Al1 retai 1 stores: 2/ 15,788 16,442 15,286 r13,783 r15,562 16,141 3,317 806 3,391 809 2,810 777 2,471 719 r2,789 rill 2,933 771 832 500 1,140 3,915 1,181 1,493 16,298 5,685 10,614 1,131 502 1,153 3,770 1,216 1,705 16,437 5,631 10,806 854 538 1,133 4,126 1,209 1,376 16,718 5,538 11,180 698 507 1,027 r3,778 1,122 1,201 r16,089 5,055 r11,033 r958 r534 r1,124 r4,103 rl,2l4 r1,553 r16,080 r5,025 r11,055 1,074 516 1,109 4,071 1,246 1,673 16,379 5,144 11,235 24,340 11,040 13,300 23,700 10,670 13,030 24,510 11,220 13,290 23,670 i 10,590 13,080 23,360 11,010 12,350 24,460 11,340 13,120 23,980 11,220 12,760 24,290 11,220 13,070 24,690 11,480 13,220 24,100 11,030 s3,070 Durable-goods stores: Nondurable-goods stores: Estimated inventories: Nondurab!e-goods stores.•••••••••••••••••«••••••«do.... Firms with 11 or more stores, estimated sales: Unadjusted.»..««•«•*.,«•«.«..«««•«•«».«««...,«.«,«,».oo..«. .»»•««•••• e.o.oe,... 3,288 3,427 3,423 3,437 3,210 3,557 2,864 r3,436 3,364 3,501 II.1 4.3 6.9 13.0 6.7 6.2 M.3 43 10.4 3.5 6.9 12.5 6.4 6.1 9.5 3.2 6.3 12.4 6.4 6.0 10.2 3.5 6.8 12.2 6.4 5.9 ««««»«•••• * 9 • • »-e • • • * Wholesale trade: Inventories, estimated (unadjusted), total.. ,.,do.».. 6.9 12.8 6.7 6.1 ee»«.e.••• •••••••••• • ••••••••• ••••• EMPLOYMENT AND WAGES Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor)•••••••thous,. Mining..e.oa.e,.,«.,..«.»•.«.««••«««««•««..*«,«.eeeaOO«... Contract construct ion•••••,••,••••,,,,»,,,•••••••••do..,, Transportation and public uti1ities,,,,,,,,»«••••,®do..«. 51,919 16,933 831 2,756 4,147 11,265 2,310 6,317 7,360 52,270 16,822 833 2,906 4,153 11,428 2,320 6,432 ! 7,376 ; 50,937 15,877 803 2,606 3,995 11,432 2,340 6,396 7,488 r50,223 r 15,603 r784 r2,374 r3,954 r11,244 2,339 r6,399 r7,526 r50,176 r15,366 r77l r2,538 r3,989 Ml,230 r2,345 r6,444 r7,563 p50,232 pj5,095 p766 p2,748 p3,895 p!S,222 p2,355 p6,572 p7,579 13,085 7,693 79 593 312 12,960 i 7,635 78 612 312 j 12,033 6,850 66 558 297 r11,777 r6,63l r65 548 293 1 r11,560 r6,484 r66 r547 pll,3l5 p6,32l p66 p545 p28l Production workers in manufacturing industries: Lumber and wood products (except furniture)...,,.do.... 287 r_/ Revised. £,/ Preliminary. • Data are for 4th quarter 1957. ±/ Unadjusted Indexes. 2/ Data for April 1958 are advance estimates. 12868 MONTHLY BUSINESS STATISTICS — Continued 4 1957 S958 ITEM March January April February Narch Apr! 1 EHPLOYNENT hm WAGES - Continued Production workers In manufacturing industries - Continued Durable-goods Industries - Continued Stone* clay, and glass products, # « # # # c # „« v # # . # a thous.. Primary metal industries..........................do,,.. Fabricated metal products J/#...•..•••••.........do..,. 451 455 1,112 1,101 889 414 957 833 1,291 1,277 §,097 869 853 792 765 1,474 1,446 1,276 rl,2!4 r2IO 898 231 230 214 5,392 5,325 1 5,183 •••••••do.... 989 77 929 990 74 ! 919 974 Apparel and other finished textile products...»..do.«e« 1,098 1,069 1,043 467 559 550 173 211 34S 467 559 549 173 S9I 334 456 557 515 167 200 329 105,8 S06.0 164.3 104.8 105.9 I6S.5 40. S 40.8 39,1 82.21 88.94 73.12 39.8 40.5 38.9 81.59 88.29 72.74 Food and kindred products. Printing, publishing, and allied products,.......do.... 82 860 r403 r1,072 r9M 8G0 r5,146 r956 78 855 r399 r886 r782 r S,052 r747 r 1,163 r207 p399 p853 p767 p!,03§ p729 pi,098 p204 r5,076 p4,994 p953 948 r74 r843 r1,024 r447 p69 !9I 333 rt83 r327 p832 p983 p445 p554 p5 80 p!64 p!79 p304 97.3 98.0 149,3 r95.2 95.6 r145.0 r93.5 r93,7 rS43.8 p9i.5 p92.5 p139.6 38.7 38.9 38.4 81.27 87,14 73.73 38,4 38.6 38. S 80,64 86.46 73.15 r38.6 r39.0 38.1 r85.45 r87.75 73,53 p38.3 p38.8 p37,6 p80.8f P86.9I p72,94 r1,057 r450 r554 r508 r!65 557 r5IO S63 Manufacturing production~worker Indexes; Hours and earnings! Average weekly hours per worker, all tnanufactur ing., hours, . Average weekly earnings, all nianu facturing* •,,.,,. do 1lars.. Average hourly earnings, all manufacturing...,..,.,,.do.,,. Lumber and wood products (except furniture)••••••do,... Stone, clay, and glass products.,.,,.,,..... do.,.* Appare! and other finished textile products..,,....do.... Printing, publishing, and allied industries.«.....,do.,«. r/ Revised. &/ Preliminary. USCCMM-DC-12868 2.05 2.18 2.31 S.80 ! S.72 I 2.01 ! 2.46 | 2.15 ! 2.28 1 2,06 ! 2,37 | 2.10 2,10 2,24 2.44 1.80 1.75 r2.09 2.56 2.22 2,34 2.12 2.46 r2.56 2.10 2,24 r2.44 1.81 1.77 2.09 2,56 2.22 2.35 r2.!3 2,46 2.16 r2. i 1 r2.25 2.45 rl.8i 1.77 2.08 2.57 2.23 2.36 2.84 r2.48 r2.l7 p2.ll p2.24 p2,45 pi.83 pi.78 p2.08 p2,56 p2.23 p2.36 p2,34 P2.47 p2,l8 1.87 1,93 S.53 1.50 1.50 2.00 2.49 2.17 2.57 2.21 1.54 1,87 j S.93 ! 1.55 1.50 1,48 2.00 2.49 j 2.17 j 2,59 2.19 1,92 r2.0l 1.56 §.50 8.50 2.08 2.54 2.27 r2.73 2.29 1,56 1.92 r2.0i ri.56 1.50 1.50 2.08 2,56 2,27 2.72 r2.28 1,56 f.93 2.01 rl.59 1.50 1.49 r2.08 2.56 2.27 r2.72 2.29 8.57 pi.94 p2.00 pl.63 pi ,50 pi.49 p2.08 p2,55 p2,27 p2,74 p2.30 pi.57 1.54 1 \J Except ordnance, machinery, and transportation equipment. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. O F F I C I A L BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 2.05 2.18 2.30 1.77 f 1.73 2.02 2.46 2.14 2.28 2,06 2.38 2.10 PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300
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