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November 15, 1968 BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS* U. S. DEPARTMENT OF COMMERCE / OFFICE OF BUSINESS ECONOMICS BUSINESS INDICATORS Index, 1957-59 = 1 Index, 1957-59 = 100 210 ELECTRIC POWER PRODUCTION (by utilities) (E. E. i. seas. a d j . index) 200 190 180 170 Monthly 160 1966 1965 1967 1968 Data: Edison Electric Inst. Thousands 350 Thousands 1,400 MOTOR VEHICLE PRODUCTION (cars, trucks coaches; U.S. plants) Monthly M I I • ' i _L-J 1965 I JL_J I I I L_J _J L. I 1966 I LJ I I I I I 1968 1967 J F M A M J J A S O N D Data: Automobile Mfrs. Assn. Index, 1957-59 = 100 250 Index, 1957-59 = 100 250 RAW STEEL PRODUCTION (ingots and all other forms) 150 200 - 200 - ~-^*^^--^ 150 ^ - 1r - ^ ^ ^ ^ X V~*^X H IOO 100 Monthly 50 1 1 1 1 1 l-JL 1 ± _ L _ L _ -.1 1965 1—1 1—1 1 1 1—1 1 1 1966 L_I 1 1 1 1 1 1 1 L_L 1 1967 Data: Amer. Iron & Steel Inst. # Available only with subscription to the SURVEY O F CURRENT BUSINESS, this Supplement provides selected weekly and monthly d a t a subsequent to those published in the latest monthly SURVEY 1 i 1968 i i i i J F M A M J J A S O N D WEEKLY BUSINESS STATISTICS1 9 1968 1967 ITEM Nov. 11 Nov. 4 itfHOLESALE PRICES, 22 COMMODITIES 2/oo.. o.o o... o c 1957-59=1000 Oct. 19 Oct. 26 Nov. Nov. 94.B 94.7 95..3 95.4 96.8 6,225 4,255 6,171 4,242 6,696 4,457 6,654 4,415 6,858 4,551 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.. 205 986 919 216 202 1,018 950 228 152 860 791 184 152 867 797 156 162 193 163 FINANCE: Currency in circulation 3 / ........................mil. $.. Federal Reserve bank credit outstanding, total 3/°° • °do.... Member bank reserve balances 2 / .»<» o................ .do.... Excess reserves, estimated 3 / o....................do.... 45,341 48,643 24,705 291 45,563 49,458 24,754 330 48,764 56,105 26,960 352 48,702 55,850 26,459 -18 48,556 55,636 26,696 327 48,806 55,461 26,317 152 Assets and liabilities of large commercial banks: Demand deposits, adjusted .......................mil. $e„ Savings deposits ..................................do.... Loans and investments (adjusted), total ...........do.... U.S. Government obligations .....................do.... Commercial and industrial loans (gross) .do.... Real estate loans (gross) .......................do.... 77,311 48,572 201,207 28,986 63,452 28,600 74,113 48,501 199,316 28-488 63,527 28,576 77,115 48,512 218,884 28,516 70,353 31,245 76,390 48,527 217,263 28,262 69,830 31,455 79,109 48,522 219,965 30,099 69,720 31,459 Bond yields, domestic corporate (Moody's) 3/ .....percent.. Stock prices, 500 stocks (Stand. & Poor's) hj..1941-43=10.. Industrials, 425 stocks ...........................do.... 6.25 92.71 101.05 6.30 91.14 99.25 6.44 *103.53 *-113.01 6.47 *104.57 -x-114.22 6.48 -"-103.30 -"-112u 79 PRODUCTION: Bituminous coal jj « .thous. - sh. -tons,. Electric power, by utilities .................mil. kw.-hr.. Motor vehicles (cars, trucks, buses) ..............number.. Petroleum (crude) and condensate 3/-...........thous. bbl.. 1,836 23,124 169,909 8,997 1,939 23,631 157,204 8,945 1,229 24,837 246,242 9,027 1,829 24,452 246,511 9,028 2,568 137.8 14.8 2,577 138.3 14.8 2,026 108.8 14*9 2,111 133.3 15.8 1,965 24,822 260,091 9,026 2,080 111.7 16.2 ALL RETAIL STORES, SALES . Nondurable goods stores .......mil. $. .........do... Steel, raw ...............................thous. sh. tons.. Index of production ........................1957-59=100.. RAIL FREIGHT, REVENUE TON-MILES . . . . . . . . . . . . . . . . . . . . . . . . b i l . . 1/ Data do not always cover calendar weeks. 2/ Tuesday price MONTHLY -»-*97 08 6.52 103.27 112.65 262.391 2,175 116.8 3/ Daily average. )J Wednesday data. * Tuesday average. *-* Wednesday Price. BUSINESS STATISTICS 1968 1967 ITEM Sept. CONSTRUCTION AND REAL ESTATE CONSTRUCTION COST INDEXES: Associated General Contractors (bldg. only)...1957-59=100. LABOR FORCE, EMPLOYMENT, AND EARNINGS LABOR FORCE, total, 16 years of age and over, not seasonally adjusted ......................... thous. Civilian labor force «. .do... Employed, total .do.. „ Nonagricultural employment .do... Agricultural employment .do... Unemployed (all civilian workers) .do... Civilian labor force, seasonally adjusted .do... Employed, total do... Nonagricultural employmentfc„. .do... Agricultural employment ......... ...do„.. Unemployed (all civilian workers) „ u u „.. . „do. Long-term, 15 weeks and over .„„„.,„„ .do... Rates (unemployed in each group as percent of total in that group): All civilian workers ,.. Men, 20 years and over Women, 20 years and over Both sexes, 16-19 years .................... Married men , Nonwhite workers White workers Occupation: White-collar workers „„.,,.«,,».....*.,.. Blue-collar workers Industry: Private wage and salary workers Construction ,.. Manufacturing Durable goods Digitized for6171 FRASER Oct. July Aug. Sept. Oct. 133 134 14.0 141 142 142 80,982 77,526 74,631 70,700 3,931 2,895 81,595 78,132 75,181 71,148 4,033 2,951 84,550 80,964 77,746 73,270 4,476 3,217 83,792 80,203 77,432 73,325 4,107 2,772 82,137 78,546 75,939 72,103 3,836 2,606 82,477 78,874 76,364 72,596 3,767 2,511 77,807 74,638 70,941 3,697 3,169 440 78,072 74,735 71,017 3,718 3,337 475 78,985 76,038 72,202 3,836 2,947 453 78,690 75,929 72,196 3,733 2,761 398 78,831 75,957 72,355 3,602 2,874 369 78,804 75,952 72,471 3,481 2,852 388 4.1 2.3 4*9 13.4 4.3 2.5 4.8 14.8 3o7 2.2 3.9 13.6 3.5 2.2 3.7 12.0 3.6 2.2 3.9 12.6 3.6 2.3 3.8 12.7 1.8 8.0 3.6 2.4 4.6 1.9 3-7 2.4 4.9 1.6 6.9 3.3 2.1 4o3 1.6 6.2 3.2 2.0 4.2 1.7 7.4 3.2 0 1 4.2 5o4 4.0 3.7 4o4 6.9 4.1 3-6 3,8 7.0 3o3 2.8 3.6 6.9 3.4 3.1 7 1 4 2 MONTHLY BUSINESS STATISTICS—Continued 3 1968 1967 ITEM LABOR FORCE, EMPLOYMENT, AND EARNINGS-Con. EMPLOYEES ON PAYROLLS (N0NAGRICULTURA1 ESTABLISHMENTS): Total, seasonally adjusted ... ....<>.. .thous, Mining ... o. o c o.... o o o ....... a do.., Contract construction do.., Manufacturing .do.., Durable goods industries .do.., Nondurable goods industries do.., Transportation, communication, electric, gas, etc...do.., Wholesale and retail trade .do.., Wholesale trade .do.. Retail trade do.. Finance, insurance, and real estate ..do... Services do.. Government .do.. Federal • do.. State and local do.. PRODUCTION WORKERS (MFG. PAYROLLS), TOTAL, seas, adJ....do.. Durable goods industries do.. Nondurable goods industries do.. HOURS (GROSS), AVG. WEEKLY PER PROD. WORKER (MFG. PAYROLLS): Manufacturing, seasonally adjusted hours Overtime hours do.. Durable goods industries ......... do.. Overtime hours do.. Nondurable goods industries do.. Overtime hours . do.. MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted: Manufacturing 1957-59^100 Durable goods industries do.. Nondurable goods industries do.. HOURLY EARNINGS, AVERAGE PER PROD. WORKER (MFC-.PAYROLLS): Manufacturing, not seasonally adjusted .....dollars Excluding overtime „ do.. Durable goods industries „ do.. Excluding overtime „ do. „ Nondurable goods industries .do.. 0 Excluding overtime ... „ „ .do.. Sept. Oct. July 66,123 606 3,182 19,285 11,272 8,013 4,278 66,286 603 3,184 19,302 11,264 8,038 4,267 68,170 638 3,189 19,776 11,619 8,157 4,346 r68,314 638 r3,195 rl9,748 rll,563 r8,185 r4,358 r68,389 r637 r3,246 rl9,754 rll,569 r8,185 r4,372 13,684 3,554 10,130 3,251 10,139 11,698 2,718 8,980 14,116 8,179 5,937 13,729 3,560 10,169 3,261 10,171 11,769 2,718 9,051 14,138 8,174 5,964 14,117 3,680 10,437 3,350 10,498 12,256 2,788 9,468 14,512 8,458 6,054 rl4,181 r3,683 rl0,498 r3,376 rl0,548 rl2,270 2,751 r9,519 rl4,474 r8,399 6,075 rl4,222 r3,691 n o , 531 r3,385 rl0,546 r.12,227 r2,7l6 r9,511 rl4,479 r8,407 r6,072 40.9 3o4 41.4 3.6 40.0 3.3 40c7 3.4 41c 2 3.5 39.7 3.2 40.9 3.6 41.5 3.8 39.9 3.4 r40.7 3.5 r41.1 r3.7 39.9 3.3 r41.1 r3.7 r41.7 r3.9 40.1 r3.4 114.9 119.5 108.9 114.6 118.9 109.0 118.3 123.8 111.0 rll7.3 r122.0 rill.2 rll8.6 rl23.7 rill.9 2.85 2.73 3.03 2.89 2.61 2.50 2.85 2.73 3.03 2.90 2.61 2.50 3.00 2,88 3.18 3.05 2.75 2.63 99 86 17 03 75 64 r3.04 2.90 r3.23 r3.08 2.78 2.66 Aug. Sept. 1967 1968 Aug. Sept. mil. .do. do. rll,556 14,839 -3,283 do. do. June July rl4,896 14,374 522 19,476 14,486 4,990 11,706 13,961 -2,255 13,195 16,161 -2,966 -335 -3,619 83 439 -984 4,006 -313 -2,567 -189 -3,155 do. do. .do. do. do. r3,150 -531 3,619 r351,506 r275,672 r-219 -220 -439 351,322 276,040 -3,769 -237 -4,006 369,776 290,576 4,055 -1,488 2,567 373,356 294,631 2,841 314 3,155 378,018 297,472 do. do. ..do. do. do. , .do. do. do. rll,556 r5,373 642 r2,555 r3,244 15,174 966 6,548 3,185 1,073 410 547 rl4,896 r7,097 4,032 2,067 rl,895 14,458 965 6,307 2,994 1,176 377 596 19,476 7,781 7,412 2,547 2,100 15,470 276 7,115 4,120 1,422 451 588 11,706 5,164 2,259 2,087 2,450 14,274 599 5,543 3,527 1,348 277 590 13,195 6,472 654 2,880 3,439 16,349 270 449 771 364 434 599 „ mil. .do. do„ do. 10,626 7,926 2,134 566 10,140 7,362 2,213 565 11,416 8,435 2,431 550 11,407 8,433 2,451 523 12,295 8,470 3,305 520 mil. do. do. 2,478.5 2,396.5 2,549.1 2,545.5 2,500.3 2,638.3 2,731.2 2,681.5 2,759.3 2,699.5 2,640.5 2,803.0 2,840.5 2,786.8 2,915.8 .......... s.,. .do. do. 2,165.7 2,125.3 2,111.8 2,208.5 2,648.8 2,839-3 2,812.0 2,664.4 2,739.1 2,827.3 Aug. FINANCE FEDERAL GOVERNMENT FINANCE: Budget receipts, expenditures, and net lending: Expenditure account: Receipts (net) Expenditure (excl. net lending) Expend, acct. surplus or deficit (-) Loan account: Net lending Budget surplus or deficit (-) Budget financing: Borrowing from the public Reduction in cash balances Total, budget financing Gross amount of debt outstanding Held by the public „ Budget receipts by source and outlays by agency: Receipts (net), total Individual income taxes (gross) Corporation income taxes (gross) Employment taxes (gross) Other Expenditures and net lending, total Agriculture Department . Defense Department, military TT-._-14.T_ T?*J-ii^«-4--I^_^ -.-.-.,3 T.T-. 1 ._» T\ _ t 1 11c.uj.un, jjuu_auj.un, emu. ««cxidn-c jvepai"L.iIit;iJ.U Treasury Department National Aeronautics and Space Adm. . „ Veterans Administration LIFE INSURANCE: Life Insurance Agency Management Association: Insurance written (new paid-for insurance): Value, estimated total Ordinary (incl. mass-marketed ord.) Group Industrial FOREIGN TRADE EXPORTS (MDSE.), INCL. REEXPORTS, TOTAL Excl. Department of Defense shipments Seasonally adjusted GENERAL IMPORTS, TOTAL Seasonally adjusted r / R e v i s e d , -g/ P r e l i m i n a r y . 1 QO. do. do. do. MONTHLY BUSINESS STATISTICS—Continued 1968 1967 ITEM FINANCE Continued SECURITY MARKETS: BONDS: Prices (Stand.., & Poor's Corporation): Industrial, utility5 and. railroad (AAA issues): Compos it o . „,. „ o o...,.,....... . , , „, o,. dol, per $100 bond. Domestic municipal (15 bonds) ,..........., ae......,.. .do„ ., Yields: Domestic municipal. Standard & Poor's Corporation (15 bonds) .......................dol. per $100 bond. STOCKS: Dividend yields, preferred stocks, 10 high-grade (Standard & Poor'' s Corporation) , „,,... „. 9.,,. .percent. Prices: Dow-Jones averages (65 stocks) , „., „,,.. D,.,,.,,,,,,. „ „,,.«,„ 0. Industrial (30 stocks) „. :< . , . „ . . . „ . . » . < <. o „ » , , , . <=...-.... P u b l i c u t i l i t y ( 1 5 s t o c k s ) „,,, „, „ e „ „.„.,.,,.-,.. »>..-.„., Railroad (20 stocks.) , „..,...««,,...........,»,.. *,,.. Standard !k Poor's Corporation: Industrial, public utility, and railroad: Combined index (500 stocks) .............,1941-43- 10. Industrial, total (425 stocks) do.o. Capital goods (130 stocks) .,..,., .. -- r...,.. .do.., Consumers• goods (181 stocks) = ..,,, . „,., ., „.=do„,. Public utility (55 stocks ) .,<,„..„..... c,,...,.do.,. Railroad (20 stocks) ,,....,.,,,.. •......, do,,. Banks: New York City (9 stocks ) .,...............« ....... do.,. Outside New York City (lo stocks) ..,., „... *,..,.... .do.,„ Fire and casualty insurance (16 stocks) do.., New York Stock Exchange common stock indexes: Composite ......... ..„.,....-...-..„... .12/31/65=50. Industrial „...... ......., .,.„.-,.,.. =,.„. „.„„<•.,....-do, „, Transportation ,, «=,»... -.«........ „... ..„.,,..... do.. „ Utility „ ...,-..<.....,............. „..«„......... .do Finance ........................................do... Sept * T— Oct,. 80.0 [ 98.0 j 95 = 8 I 4,15 j j July Sept, Aug. 76.1 95.2 4-36 | Oct, 78,.. 95- 78.4 9.3.9 77.0 92.7 4.31 4.47 4,56 5.63 5.63 321.30 907.54 126.08 250.55 327.ZJ. 905.32 133.11 259.95 318.15 883.72 131,15 2Z,.9.52 329,15 922.80 130.80 258.53 95,81 103.84 104.17 84.62 67c45 49.27 95.66 104,16 106.64 83.60 64*93 46.28 100.30 109-16 108.12 88.38 67.55 51-01 98.11 106.77 104.92 85.73 66,60 48.80 .101.34 110=53 107.57 88.46 66.77 51.11 103.76 113.29 108.48 91.36 66.93 54.26 38.39 67.99 60.84 37.83 67.43 58.66 48.58 85.91 78'. 11 47.38 84.74 78.11 46.99 84.59 82.97 49.65 89.83 96.19 53.23 55,28 54.89 44.57 52.98 53.13 55.62 51.56 43.33 52.69 56.41 59.-12 51.59 44.69 68.90 55.04 57.59 49.01 44.09 68.19 56.80 59.57 51.94 44.53 71.77 58.32 61.07 55.24 45.22 77.50 5.41 330,87 923.45 031.33 261.79 j I j I I 5-59 = 74 j 5.76 j 340.25 955.47 130.40 270.41 ; USC0MM—DC—6171 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS W A S H I N G T O N , D.C. 20402 OFFICIAL BUSINESS fircf-Place Mail 5 BS^fc VIU«0tf SVBMtia WEEKLY SUPPLEMEMI SURVEY OF CURRENT BUSINESS POSTAGE A N D FEES PAID GOVERNMENT PRINTING OFFICE