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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

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