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November 15, 1957 SURVEY O F CURRENT BUSINESS BUSINESS STATISTICS °^HB5o* 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, 1941-43 = 10 INDEX, 1941 - 4 3 = 10 70 70 Monthly PRICES OF 425 INDUSTRIAL STOCKS Weekly (Wednesday close) 60 1956 60 \ 50 50 \ 1957 40 40 30 30 2 0 1 ^ I I I I I i. i l i 1 1 l l i 1954 l I I .1 I I I I I I t . i I 1955 I I i. I I t i 1 t > I 1956 i i I i I 1 1 1 1957 l i t » \—L-J—i i l—mJ 2 0 J F M A M J J A S O N D BILLION DOLLARS 50 BILLION DOLLARS 20 SALES OF RETAIL STORES CONSUMER CREDIT OUTSTANDING (seasonally adjusted) (short- and intermediate-term) / Nondurable Goods Installment Durable Goods 0 I M I I I I 1 I I I I I Ml i 1 I I i I I I 1 I I II I I n It I 1 l l l l t ! \ \ 1 1 \ 1954 1955 1956 1957 10 U I U i I H M I 1954 INDEX, 1 9 4 7 - 4 9 = 100 DOLLARS 200 2.40 175 MANUFACTURING EMPLOYMENT & PAYROLLS (production workers) Credit (end of month) 1 I I t i I i l i I 1 i i t t I I I i i iI 1955 I II I 1 1 I I I I I 1956 1957 HOURS 56 MANUFACTURING HOURS & EARNINGS 2.20 Payrolls 150 2.00 125 1.80 800 1.60 52 Average Hourly Gross Earnings . (left scale) >^ Average Hours Per Week 7 5 I i i i -i i I i i i i i 1 i i t i i h i I i i 1 i I i i i I i 'u 11 I 111 i i I i i i i i 1954 1955 1956 1957 I..40 (right scale) j . l-1 t i "I i I M I I i » M i I i i l' i i-I i i i i" i i i i" i i i 1954 1955 1956 i i i -i » I i -i i i 1957 ^ 36 WEEKLY BUSINESS STATISTICS1 2 1956 ITEM Nov. 3 1957 Oct. 19 Nov. 10 Oct. 26 Nov. 2 Nov. 9 Commodity prices, wholesale: ... * •..... 90.6 124 952 878 •115.6 *88.4 *I03.6 * 123.6 | **91.2 137 1,005 923 117.7 91.7 805.2 125.7 84.6 128 1,291 1,191 117.7 91.7 105.0 125.6 84.5 127 1,337 1,235 117.5 90.9 105.1 125,6 84.4 122 117.5 90.7 104.9 125.6 **84.4 Finance: Federal Reserve bank credit outstanding, total .3/.....do.... 30,795 25,466 18,810 359 30,963 25,762 19,004 561 31,19! 25,451 19,068 479 31,129 25,407 19,137 552 31,008 24,972 18,837 351 56,069 22,053 85,660 25,961 29,931 8,857 55,588 21,9^9 85,602 25,752 30,121 8,857 54,774 23,975 87,292 25,346 32,103 8,759 55,383 23,972 86,539 25,270 31,807 8J69 55,805 23,974 86,743 25,191 31,773 8,758 271 3.86 45.58 48.74 219 3.87 47.11 50.49 258 4.45 41.33 44.47 28! 4.47 40.73 43.93 250 4.48 41.02 44.2! 1,758 11,487 136,420 6,981 1,700 11,522 153,277 7,050 1,638 11,684 93,244 6,747 1,647 11,787 126,530 6,766 1,628 11,860 147,365 6,712 2,493 #101,3 800 388 2,463 #10!.5 773 377 2,070 80.9 727 356 2,052 80.2 704 347 2,04! 79.7 714 353 31, 1 14 25,225 18,963 423 Federal Reserve reporting member banks in leading cities: 4_/ Commercial, industrial, and agr. loans (gross).,..do.... Failures, industrial and commercial,....„ ,9.,.snumberee Stock prices, 500 stocks (Stand. & Poor's) 4/...1941-43=10.. 4.51 40.43 43.56 Production: Passenger cars and trucks (Ward's) ........number.. 161,285 1,996 78.0 J/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. 4/ Wednesday data. J3/ Week beginning November II, 1957: Production, 1,984 thous. short tons; operating rate, 77.5 percent. * Monthly index for October 1956. •* Wednesday price. # Not comparable with 1957 rates, which are based on higher capacity. MONTHLY BUSINESS STATISTICS 1956 ITEM September 1957 October July August September October COMMODITY PRICES Reta i1 pr i ce: All commodities (U.S. Dept. of Commerce index).1935-39=100.. DOMESTIC TRADE 213.1 213.4 217.5 217.9 217.5 .mil. of dol.. 15,583 16,130 16,864 17,490 r16,373 16,805 do.... do.... 2,676 860 2,830 956 3,418 863 3,352 912 r3,078 r853 2,930 do..,. do.... 981 465 1,240 3,748 1,181 1,699 15,865 5,356 10,508 1,034 480 1,227 3,729 1,180 1,808 15,896 5,490 10,406 855 513 1,384 4,029 1,383 1,540 17,034 5,839 11,195 967 r528 1,420 4,353 5,374 1,774 17,030 5,740 11,290 rl,0l0 r5!5 rl,29l r3,937 r1,262 r1,696 r16,919 r5,722 rl 1,197 1,081 573 1,265 4 109 1 262 1,849 16,561 5 622 J0,939 23,530 10,030 13,500 23,430 10,260 33,170 24,000 9,920 14,080 23,320 10,090 13,230 23,660 10,880 12,780 24,140 10,850 13,290 24,040 r10,970 r13,070 24,250 rl1,040 r!3,2!0 24,560 10,970 13,590 24,450 11,240 13,210 «...«.'.» OO .... 3,284 3,385 3,402 3,295 3,267 3,582 3,660 3,63S 3,352 3,569 .bil. of dol.. 11.2 4.3 6.9 12.6 6.3 6.3 12.8 4.9 8.0 13.0 6.4 6.6 11.4 4.3 7.1 12.5 6.6 5.9 rll.7 4.3 r7.4 12.7 6.6 6.1 11.2 4.2 7.0 12.8 6.7 6.1 All retail stores: ±/ Durable-goods stores: 926 Nondurab!e-goods stores: do.... do.... Estimated sales (seasonally adjusted), total.. . ..«.«.. QO«... do.... | | Estimated inventories: ........do.... do.... Firms with 11 or more stores, estimated sales: Wholesale trade: Nondurable-goods estab1i shments.•••••.,•••••»«•«••..do.... Inventories, estimated (unadjusted), total.... rj Revised. 1/ Data for October 1957 are advance estimates. 12636 ••••• MONTHLY BUSINESS STATISTICS—Continued 3 1956 ITEM September 1957 August July October September October EMPLOYMENT AND WAGES Labor force (Bureau of the Census): 1/ Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor) do.... Finance, insurance, and real estate,•«•••••••••••...do..,. 68,069 66,071 7,388 58,683 1,998 68,082 1 66,174 7,173 59,000 1,909 70,228 67,221 7,772 59,449 3,007 68,994 66,385 6,823 59,562 2,609 68,225 65,674 6,518 59,156 2,552 68,513 66,005 6,837 59,168 2,508 52,663 17,119 52,952 17,238 52,605 16,710 r53,132 r16,884 r855 r3,287 r4,206 rl1,617 r2,360 r6,540 r7,383 p53,078 p16,767 p848 p3,205 p4,157 pi 1,729 P2,35l p6,550 p7,47l r 12,976 r7,384 p 12,907 p7,402 842 836 857 3,342 4,191 11,319 2,325 6,322 7,203 3,296 4,189 11,445 2,315 6,343 7,290 3,275 4,199 11,493 2,390 6,524 7,157 r52,891 r16,955 r862 r3,305 r4,2l5 r11,499 2,389 r6,509 r7,l57 13,345 7,616 13,465 7,788 12,788 7,432 r13,024 r7,476 82 700 324 469 82 684 325 476 74 645 309 443 1 Production workers in manufacturing industries: Lumber and wood products (except furniture).* 8 Apparel and other finished textile products. Printing, publishing, and allied products r73 p70 r630 r46l r1,067 r876 r1,185 r88l r 1,262 r226 p6l8 p3l8 p454 pi,055 p882 pi,160 p878 Pi,337 p224 r5,592 rl,2l2 p5,505 pi,144 886 908 848 1,236 1,354 1,373 233 234 221 do..e9 5,729 1,282 5,677 1,209 5,356 1,120 r5,548 r1,194 106 956 !04 958 71 895 .do.... 1,085 1,096 1,024 472 557 548 177 210 337 470 563 550 176 215 336 459 552 529 175 200 332 107,9 106.0 166,7 108.9 107.3 169.0 4.1 4.4 ,3 1 4 4.2 3.5 .3 1.3 2.6 .2 1.7 .2 40.7 41.3 39.8 81.81 88.38 72.44 40,7 41,4 39,7 82.21 89.01 72.65 2.01 2.14 2.23 1.81 1.72 1.98 2.43 2.11 2.25 2.01 2.36 2.05 2.02 2.15 2.25 1.79 1.73 1.99 2.42 2.13 2.25 2.02 2.37 2.05 1.82 1.81 1,38 1.45 1.48 1.9/ 2.46 2.14 2.59 2.20 1.51 1.83 1.84 1.39 1,49 1.49 i.98 2.45 2,14 2.57 2.20 1.5.1 1,128 Nondurable-goods industries e909S99999 75 r645 r3l7 r459 r1,077 r878 r1,180 r86l r1,363 r225 do.... do.... 1,134 - 1,075 885 910 869 1,254 1,255 1,207 319 r90 r97 P92 r9ll 1,084 r465 r553 r530 rl75 r9!2 r1,083 r468 r564 r536 204 341 r206 r337 p905 p1,070 p47l p57l p537 pl73 p207 p335 103.4 104.9 160.5 r105.3 r104.4 M64.7 r104.9 r103.2 r!64.9 pl04.3 pi02.9 PI6I.9 3.2 3.1 r3.2 r4.0 .3 1.6 rl.9 p3.2 p4.2 P.3 pl.6 P2.l 176 Manufacturing production-worker indexes: Labor turnover in manufacturing establishments: Hours and earnings: Average weekly hours per worker, all manufacturing...hours.. Lumber and wood products (except furniture).. do.... Textile-mi11 products*•••«•••...».»»••.•••*««..««.do.,.e Apparel and other finished textile products .do.... J Printing, publishing, and allied industries .do.... •2 1.3 1.4 .2 r.3 P.2 39.7 40.0 39.4 82.18 88.00 r74.47 40.0 40.3 39.5 82.80 r89.06 74.26 40.0 40.3 r39.6 83.20 r89.47 r75.24 ! ! 2,07 2.20 2.34 1.82 1.74 2.05 r2.53 I r2,19 1 [ 2.30 2.05 2.41 2.11 2.07 r2.2l 2.34 1.84 rl.76 2.06 r2.54 r2.20 2.30 r2.06 r2.43 2.10 2.08 r2.22 r2.37 r 1.83 1.76 2.07 r2.56 r2«22 r2.32 r2.07 r2.46 r2.13 p2.08 p2.22 p2.37 pl.82 pi.76 p2.08 p2.54 P2.2I p2.3l p2.07 p2.46 p2.l3 i ! t ! rl.89 rl.9l 1.61 U50 1.50 2.06 2.51 2.25 2.69 r2.28 1.53 1.88 f 1.90 1.49 1,50 1.50 rl.90 1.92 rl,46 rl.5l rl.5t ^«uo 2.52 r2.25 2.73 r2.28 1.55 pi.90 pl.93 pl.49 pi.51 pl.49 p2.0/ p2.5l p2.24 p2.69 p2.29 pi.55 Z..UO 2.51 2.25 r2.69 r2.27 1.54 p39.5 p39.8 p39. 1 P82.I6 P88.36 p74.29 cj Revised. £./ Preliminary. \J Estimates beginning January 1957 reflect certain changes made in the definitions for employment and unemployment, etc. Figures for October 1957, comparable with data through October 1956, in order as above (thous.)r 68,517; 66,240; 6,838; 59,402; 2,277. 2/ Except ordnance, machinery, and transportation equipment, http://fraser.stlouisfed.org/ 12636 Federal Reserve Bank of St. Louis MONTHLY BUSINESS STATISTICS —Continued 4 S957 S956 ITEM August September June July August September ELECTRIC POWER 58,576 52,194 6,382 55,649 48,819 6,830 58,990 52,053 6,937 61,191 54,348 6,843 62,649 55,449 7,200 58,335 51,573 6,762 1,882.7 1,026.0 55.2 801.5 150.3 1,831.7 931.1 51.0 849.6 154.2 1,721.3 904.7 46.7 770.0 154.2 1,850.9 1,019.8 53.4 777.7 146.0 1,827.5 1,010.4 49.7 767.4 137.9 1,858.1 960.7 49.7 847.8 151.8 3,562 2,943 3,284 2,761 9,004 5,580 3,159 2,540 2,901 2,363 9,257 5,752 2,884 2,421 2,967 2,491 9,782 6,056 2,728 2,258 2,813 2,384 9,696 5,929 3,107 2,562 3,147 2,623 9,655 5,867 2,883 2,354 2,866 2,341 9,672 5,880 ...do.... ...do.... ...do.... 5,540 1/291 1/472 T/631 T/152 1/T,052 7,058 367 543 747 211 1,124 7,285 491 630 870 226 1,046 5,877 273 634 792 192 752 6,230 272 636 732 174 862 6,172 261 597 778 ...do.... ...do.... ...do.... 1/645 T/238 1/152 756 234 125 689 233 116 489 172 84 569 188 97 545 182 101 ...do.... ...do.... 1/857 T/339 T/544 1/2,492 ~ .1/709 1/T, 100 831 342 539 2,353 705 1,046 998 388 391 2,244 716 984 859 218 460 S,698 531 791 914 250 494 1,895 550 900 860 250 sq. ft.fc ...do.... 2,996 5,977 3,089 5,277 2,230 5,163 1,769 4,745 2,123 4,896 .number.. ...do.... 85,278 64,527 97,746 51,778 54,445 73,228 51,299 64,102 65,606 61,761 .number.. ...do.... ...do.... ...do.... ...do.... ...do.... 503,276 429 397 417,020 410,164 85,827 68,809 275,555 368 364 203,888 202,159 71,299 56,852 591,039 389 332 496,329 484,840 94,321 76,859 579,951 309 302 484,718 474,635 94,924 76,856 610,747 315 281 521,282 513,290 89,150 74,212 Electric power, production, tota!<BS.se9eeoe...ml I. of kwe-hr.9 fe, 1 e C T r 1 C U T i 9 1T i e S . . . . . . . . . . . . . . . . . ® . . . $ .s e ® . . . . . . ». c edOe e. e 1 ndustr sal' estab 1 i shments.. •••••••••••••••••••••••• 3 eedO® ooo FOODSTUFFS . of lb.. ...do.... B..do...« LUMBER AND MANUFACTURES Lumber (National Lumber Manufacturers Association); bd. ft.. ...do.... ...do.... Stocks, gross (mill and concentration yards), total •...do.... ...do.... METALS AND MANUFACTURES Stee S products, net sh i pments: 90 836 Bars? Sheets and strip (Incl. electrical), total....... ...do.... ...do.... 417 2,011 579 979 Radiators and convectors, cast iron: Oi 8 burners: TRANSPORTATION EQUIPMENT 380,609 243 187 318,279 315,008 62,087 51,016 1 / Data are for July and August. USC0MM-DC-12636 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS FIRST CUSS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300