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May 17, 1957 BUSINESS STATISTICS 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 INDEX, 1 9 4 7 - 4 9 = 100 200 200 Monthly STEEL PRODUCTION (ingots and steel for castings) Weekly -\ 175 175 1957 150 125 [ ^ ^ ^ \ > y / ^S> <\J K 0> ff <5 *•> oo ' SOO 1 ^ r\ v / ~ 1 1 1 1 1 1 1 1 1 .,L_- I I 1955 1954 pr\ i 150 1956—~\ i/ i I Pi I ' I 125 I i I 1 1 1 I 1 1956 1 i 1 1 1 I I I 1 I J F M A M J 1 1957 INDEX, 1941 - 4 3 = 10 I I I I I J A S O N 100 D INDEX, 1941 - 4 3 70 Monthly PRICES OF 4 2 5 INDUSTRIAL STOCKS • io 70 Weekly ( W e d n e s d a y close) 60 60 1956 J*0**11**^ 50 - Vp^-A 50 \ - 40 30 ^ ^ 40 - ^ 2 0 VN/L-l 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1955 1956 1954 BILLION 1957 DOLLARS 1 1 1 l 1 1 i 1 1 1 1 1957 INDEX, 1 9 4 7 - 4 9 30 ~J_J—iii J F M A M J I i iii—L^J J A S O N D = 100 200 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) PERSONAL INCOME 350 (Seasonally adjusted, at annual rates) 175 Payrolls 300 150 h Total 250 125 Wage and Salary Disbursements SOO h 200 b .i i i i i I i i i i i I i i i i i I i i i i i 1954 1955 I I I I I I I I I i I I I II I M I I I 1956 1957 75 ' i i i i i 1 i i i i i 1 i i i i i I i i i i i I i i i M I i i i i i 1 i i i i i I 1954 1955 1956 1957 20 WEEKLY BUSINESS STATISTICS1 2 1956 ITEM Apr. 20 May 12 May 5 Commodity prices, wholesale: All commodities... 1957 Apr. 27 May 4 May II 92.1 125 1,344 1,257 •113.6 •88.0 •100.4 •121.6 90.8 129 1,324 1,242 117.2 90.7 104.6 125.3 89.1 128 1,567 1,462 117.3 90.7 104.8 125.4 88.7 123 1,543 1,440 117.1 89.4 104.3 125.4 88.2 134 117.2 90.3 104.7 125.3 88.2 30,181 25,266 18,767 408 30,296 25,325 18,848 553 30,681 25,520 19,107 548 30,610 25,695 19,201 599 30,499 25,093 19,000 406 30,589 25,177 18,984 497 55,896 21,591 85,448 27,357 28,053 8,430 55,559 21,599 84,887 26,939 28,031 8,457 56,588 23,097 87,268 26,258 31,524 8,699 56,695 23,102 86,716 25,972 31,349 8,690 56,213 23,148 87,129 26,034 31,463 8,679 277 3,46 48.17 51.55 258 3.46 47.94 51.24 302 3,96 45.08 48.10 263 3.98 45.72 48.82 297 3.99 46.02 49.19 1,638 10,815 135,373 7,084 1,642 10,837 127,673 7,029 1,700 11,485 141,693 7,551 1,667 11,310 148,258 7,537 1,603 11,286 143,848 7,529 2,373 #96.4 771 383 2,343 #95.2 778 375 2,313 90.4 687 344 2,269 88.7 691 343 2,226 87.0 719 351 1947-49*100.. F i nance: Federal Reserve bank credit outstanding, total 3/.....do.... Federal Reserve reporting member banks in leading cities: ±f Time deposits, except U* S. Government...... do.... Commercial, industrial, and agr. loans (gross),...do.... Bond yields, domestic corporate (Moody's) 3/ percent.. Stock prices, 500 stocks (Stand. & Poor's) ,4/...1941-43*10.. 267 4.01 46.31 49.51 Production: P e r c e n t O f C a p a C 1 t y j>/ e © s e o o o o s s o o o o o e s c o e o e e o e o e o e e e a e . a * 149,647 2,220 86.7 J./ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data; S&P's index on revised basis. £ / Week beginning May 13, 1957: Production, 2,251 thous. short tons; operating rate, 87.9 percent. •Monthly index for April 1956. #Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 1957 ITEM March April January February March GENERAL BUSINESS INDICATORS National income and product: Seasonally adjusted quarterly totals at annual rates: Corp. profits and inventory valuation adj.,totai..do...« Personal consumption expenditures, total..........do.... Gross private domestic investment, total .do.,.. Gov't purchases of goods and services, total......do.... •Data are for 4th quarter 1956. 3S,3So 334.9 233.0 219.4 182.5 9.6 27.3 •353.0 •245.5 •231.1 •192.9 •9.5 •28.7 248.7 233.6 194.7 9.4 29.4 13.6 49.5 28.2 11.5 9.8 •14.4 •51.7 •29.9 •12.1 •9.7 15.1 51.5 30.1 11.7 9.7 40.9 43.7 22.1 21.6 -2.8 11.5 •43.4 •46.7 •23.6 •23.1 •-3.3 •12.4 403.4 261.7 34.8 130.5 96.4 •423.8 •270.9 •34.8 •134.7 •101.4 427.1 275.0 35.9 136.4 102.7 •68.5 63.3 32.5 32.0 -1.2 4.0 84.9 49.8 45.0 35.0 63.1 32.6 26.4 4.1 .1 78.5 46.4 40.5 32.1 1 ^32.9 •31.5 •4.1 •2.4 •82.0 •48.3 •43.2 •33.7 .......... -2.6 12.6 April MONTHLY BUSINESS STATISTICS—Continued 1 1956 3 1957 ITEM March April January February March April GENERAL BUSINESS INDICATORS - Confirm ed National income and product - Continued Seasonally adjusted quarterly totals at annual rates - Con. 0bi1. of dol.. do.... ..do.... Personal income, by source, seasonally adj., at annual rates: •bi1. of dol.. do.... ........do.... do.... do.... .do.... do Less personal contributions for social insurance....do.... 317.5 37.3 280.2 18.6 •333.2 *39.9 *293.3 *22.4 336.5 41.0 295.4 20.4 318.6 220.3 95.1 58.4 29.6 37.2 321.7 222.9 96.8 59.1 29.8 37.2 335.0 232.7 101.2 61.5 31.3 38.7 336.6 233.7 101.9 61.5 31.4 38.9 r338.1 r234.5 r102.0 r62.0 31.5 39.0 339.3 235.0 102.3 61.9 31.7 39.1 7.2 49.5 28.8 18.5 5.7 304.0 7.2 49.7 29.1 18.6 5.8 306.8 7.5 51.3 30.6 19.6 6.7 319.7 7.5 51.5 30.7 19.9 6.7 321.3 7.5 r5l.6 30.9 r20.3 6.7 r322.7 51.5 31.1 20.S 6.-3 324.C 208.2 208.8 214.1 r2!4.9 214.7 7.5 COMMODITY PRICES Retal1 price: All commodities (U.S. Dept. of Commerce index).1935-39*100..! CONSTRUCTION AND REAL ESTATE New permanent nonfarm dwelling units started: Unadjusted: do.... do.... do.... 98.6 93.9 69.6 4.7 II 1.4 109.9 75.3 1.5 r63.0 r60.l r42.5 r2.9 65.0 62.5 45.0 2.5 83.0 75.5 54.2 7.5 92.C 89.5 62.2 do.... 1,094.0 1,157.0 r975.0 910.0 880.0 940.C 15,864 15,029 14,889 14,193 r15,938 2/l6,26C 3,195 808 3,058 787 2,996 776 2,948 754 r3,3l7 r806 3,34" 785 488 1,096 3,838 1,137 1,328 16,439 5,706 10,733 694 467 1,055 3,615 1,067 1,276 r16,500 r5,747 10,753 r832 r500 rl,l40 r4,064 r U 181 r1,493 r16,443 r5,685 r10,759 1,11" do.... 1,003 479 1,114 3,939 1,078 1,649 15,740 5,466 10,274 833 446 1,134 3,532 1,090 1,514 15,541 5,303 10,238 do.... ...do.... .do.... do.... ........do.... do.... 24,540 11,680 12,860 23,820 11,220 12,600 24,880 11,830 13,050 23,880 11,100 12,780 22,890 10,380 12,510 24,010 10,770 13,240 r23,650 r10,800 r 12,840 r23,9IO r10,850 r13,060 24,370 11,040 13,320 23,700 10,680 13,020 ........do.... do.... 3,058 2,954 2,722 2,914 2,691 3,108 2,588 3,119 3,012 3,118 10,240 3,540 6,700 12,620 6,680 5,940 9,900 3,530 6,370 12,620 6,780 5,840 10,300 3,320 6,980 13,180 6,650 6,530 9,570 3,180 6,390 13,100 6,780 6,320 10,360 3,510 6,850 13,130 6,970 6,160 65,913 63,078 5,678 57,400 2,834 66,555 63,991 6,387 57,603 2,564 3/65,821 3/62,578 3/4,935 1 3/57,643 | ""3/3,244 3/66,311 1 3/63,190 ""3/5,195 3/57,996 ""3/3,121 50,499 16,764 783 2,669 50,848 16,769 790 2,853 1 51,238 16,937 804 r51,205 r16,928 r804 r2,725 2.5 Seasonally adjusted at annual rate: DOMESTIC TRADE Ail retail stores: J./ •mi 1. of dol.. Durable-goods stores: do.... 81" Nondurable-goods stores: do.... do.... do.... do.... do Estimated sales (seasonally adjusted), total..........do.... ... 492 1,12: 2/3, 67( 1,192 1,70: 2/16,25' 5,60( 2/10,64* Estimated inventories: Firms with II or more stores, estimated sales: Wholesale trade: do.... Inventories, estimated (unadjusted), total.... ........do.... ........do.... EMPLOYMENT AND WAGES Labor force (Bureau of the Census): do.... ..do.... Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor) .........do.... 2,719 3/66,746 3/63,865 "3/5,434 3/58,431 3/2,882 r51,369 r16,897 803 r2,806 1 3/66,95 3/64,26 3/5,75 3/58,50 3/2,691 p5l,62 p16,76 p80 P2,92 rj Revised. £/ Preliminary. «Data are for 4th quarter 1956. ±/ Data for April 4957 are advance estimates. 2/ Figures are not comparable with earlier data since milk dealer establishments with processing on the premises are now classified as manufacturing plants. Comparable data for March 1957 are as follows (mil; dol.): Unadjusted—total sales, 15,788; food group, 3,914; seasonally adjusted—total sales, 16,294; nondurable-goods stores, 10,609. 3/ Estimates beginning January 1957 reflect certain changes made in the definitions for employment and unemployment, etc. Figures for ApHI 1957, comparable with data through April 1956, in order as above (thous.): 66,953; 64,472; 5,758; CO T\A . O 40.1 MONTHLY BUSINESS STATISTICS — Continued 4 S957 1956 ITEM March April January February March April EMPLOYMENT AND WAGES - Continued Employees in *«onagr» establishments* unadjusted - Con. Transportavion ana public uti1 Sties.... ...thousands.. Wholesale and retail trade*..a*.*...,..**®...^a*....do. e0 . Finance, insurance, and real estate.................do.... Service and miscellaneous...............•••..••.....do.*.. 4,106 10,931 2,265 5,859 7,122 4,(21 10,928 2,278 5,979 7,130 4,112 11,139 2,294 5,918 7,315 r4,104 r81,065 r2,304 r5,928 r7,347 r4,128 r11,089 r2,3IO r5,964 r7,372 p4,143 pit,197 p2,323 p6,073 p7,39S 13,125 7,621 13,114 7,674 13,117 7,703 r13,079 r7,679 r13,042 r7,640 p!2,9I8 p7,572 84 619 318 472 84 642 315 478 81 573 310 461 1,130 1,136 1,130 Production workers In manufacturing industries! Lumber and wood products (except furniture).......do.... Furniture and fixtures............................do.... Stone, clay, and glass products ••••••••••do.... Primary metal industries..*..*. ••••••••«*«««*do«... Fabricated metal products ^/••••••••••••••••••••••do...« Machinery (except electr!cal).........«........««cdo«... EIectr i ca1 mach i nery.•.«•...«.*• ••••••••••••.do.... Transportation equipment..... do.... Instruments and related products...............««.do#..« Apparel and other finished textile products.......do.... Paper and allied products#.........................do*... Printing, publishing, and allied products. .do..,. Products of petroleum and c o a L . . •••••••••• ..do.... Manufacturing production-worker indexes; Employment s Unadjusted.•••••••••••••••••••••••1947-49»100.. AOJUSTeQ®........9...@®.e««.....®.@e..e<g aOO..©• Hours and earnings: Average weekly hours per worker, all manufacturing...hours*. Average hourly earnings, all manufacturing.** •••do«.«. 893 895 906 1,281 1,292 f,299 842 874 892 1,354 1,332 1,440 79 79 p79 r567 r559 p569 p308 p464 p1,098 p894 p 1,291 p862 P1,393 p232 p5,346 pi,019 310 r3H r457 rl,121 r905 r1,306 r884 r 1,438 r46I rl,lll r900 1,307 876 231 231 234 233 r1,423 r233 5,504 1,02! 5,440 1,023 5,414 1,027 r5,400 r1,004 r5,402 1,005 82 981 79 971 92 929 1,116 1,068 1,071 457 545 566 172 221 344 460 547 569 171 219 332 465 557 553 170 222 327 106.1 106.4 157.9 106.0 107. I 158.2 40.4 40.9 39.6 78.78 84.25 70.49 1.95 2.06 j.78 r87 79 p74 r927 1,090 r463 r556 r553 r922 r 1,093 r464 r330 331 p9S2 p1,066 p463 p56i p556 p!72 p202 p323 106.0 S06.8 S65.I r105.7 rS06.I r164.6 r105.4 105.7 r163.7 pi04.4 p105.6 p!68.4 40.3 41.I 39.2 78.99 85.49 70.17 1.96 2.08 1.79 40.2 40.9 39.2 82.41 89.16 72.91 2.05 2.18 1.86 40.2 40.9 39.3 82.41 88.75 73.10 2.05 2.17 i.86 r40.i 40.7 39.2 r82.2l 88.73 73.30 2.05 2.18 1.87 p39.9 p40.6 P38.9 p81.80 p88.5I p72.74 p2.05 p2.I8 pi .87 689,982 654,333 719,431 662,028 677,778 •••••••••• 434 405 375 360 269 257 238 234 341 307 583,169 554,761 106,379 86,996 552,881 529,945 101,081 82,400 628,045 610,678 91,117 73,208 570,023 556,930 91,767 73,693 585,734 569,242 91,703 73,523 ••••••••.. 872 219 560 557 172 r2S8 TRANSPORTATION EQUIPMENT r/ Revised. j>/ P r e l i m i n a r y . ±/ Except ordnance, machinery, and t r a n s p o r t a t i o n equipment. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CLASS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS ••e.eeea.e ••••seaaee PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300
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