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BUSINESS
STATISTICS

« U M I t U OlttICO

DEPARTMENT OF

COMMERCE
PUBLICATION

7¥\

A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS*

SEPTEMBER 2 1 ,
1973

US- BlIARfMINT OF COft/llll^BUREAtl OF ECON0MIG ANALYSIS
Thousands
1,400
MOTOR VEHICLE PRODUCTION
(Passenger cars)
1,200
1,000

Thousands
350
Monthly
—

~

800

\
\

600
400

~

200

-

0

—1—1—1—I—1—1—I—I—)—I—i— _J—1

1 1 1 1—1—l™J™J

1970

1

1

I

I

1

1971

1

1

1

l

I

l

I

1

1

1

l

1972

l

1

I

i

I

i

1973

i

J

F M A M J

J

A S O N D

Data: Motor Vechicle Mfrs. Assn.

1967 = 100
200
R A W STEEL PRODUCTION (ingots and all other forms)

1967=100
200

150

150

& ^ % * ^

100

100

1972

50

50
Weekly

Monthy
-J

I

I

1 I

I

L.

J

l-J

1970

I

I

I

I

UJ

L.

1971

-J

I

I

Lj

l_J

I

i

I

i

i

i l l I I i i, i i
J FMAMJ J A S O N D

i

I I

1973

1972

Data: Amer. Iron & Steel Inst.

Billion
on $

Billion $
1,100

900

PERSONAL INCOME

1967 = 100
125 - TOTAL INDUSTRIAL PRODUCTION

/

(F.R.B. seas. adj. index)

(Seas, adj., at annual rates)

1,000

800

/

120

~
-

Total
(left scale)

900

700

800

600

115

-

110

-

Wage and Salary
Disbursements
(right scale) i

700

M

i i i l i I l I I I I I I

1970

1971

105

I l l I I 1,1 I I I i I l l I 1 I

1972

500

i ' ' i i 1 i i i V i 1 i i i i i I 11 i i i. . . .

1970

1973

Data: U.S. Dept. of Commerce

Data: Federal Reserve Board

* Available only with subscription to the SURVEY OF CURRENT BUSINESS, this Supplement
provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY




1971

.111111

1972

1 1 1 1 1 1 1 1 1 II

1973

WEEKLY

2

BUSINESS STATISTICS1
1973

1972
Sept. 9

Sept. 16

Aug. 25

Sept. 1

Sept. 8

122.4

122.3

210.9

202.0

196.6

8,032
5,597

8,445
5,719

9,711
6,458

10,024
6,658

9,047
6,260

178
1,622
1,447
129

196
1,553
1,388
182

201
1,545
1,410
208

181
1,455
1,326
166

177

FINANCE:
Currency in circulation _3/
mil. $.
Federal Reserve bank credit outstanding, total _3/...do...
Member bank reserve balances _3/
do,..
Excess reserves , estimated 3/
do...

62,868
76,184
33,362
796

63,227
74,225
32,520
-115

68,463
82,015
33,592
34

68,208
82,301
33,818
145

68,499
82,369
34,144
502

Assets and liabilities of large commercial banks: 4/
Demand deposits, adjusted
do...
Savings deposits
do...
Loans and investments, gross adjusted, total
do...
U.S. Government obligations
do...
Commercial and industrial loans (gross)
do...
Real estate loans (gross)
do...

92,492
57,909
290,373
26,409
85,248
43,576

92,937
57,873
291,382
26,861
85,820
43,701

96,117
56,612
335,539
22,491
107,896
51,706

96,481
56,289
335,315
22,100
106,897
51,933

96,921
56,222
337,865
22,831
107,123
52,028

Bond yields, domestic corporate (Moody's) 3J
percent.
Stock prices, 500 stocks (Stand. & Poor's) V.1941-43=10.
Industrial, 425 stocks
do...

7.58
110.55
123.63

7.59
108.90
121.75

8.12
100.53
112.97

8.12
104.03
117.07

104.64
117.56

thous. sh. tons.
mil. kw.-hr.
number.
thous. bbl.

10,315
32,949
146,694
9,638

11,740
35,170
187,056
9,596

12,235
38,170
124,509
9,429

12,160
41,794
148,850
9,415

10,290
38,461
149,051
9,412

thous. sh. tons.
1967=100.

2,496
102.3

2,496
102.3

2,803
114.9

2,730
111.9

2,780
113.9

13.4

16.2

16.7

16.9

14.5

WHOLESALE PRICES, 22 COMMODITIES 2/

1967=100.

ALL RETAIL STORES, SALES
Nondurable goods stores

mil. $.
do...

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.

PRODUCTION:
Bituminous coal
Electric power, by utilities
Motor vehicles (passenger cars)
Petroleum (crude) and condensate _3/
Steel, raw
Index of production
RAIL FREIGHT, REVENUE TON-MILES

1_/ Data do not always cover c a l e n d a r weeks.

bil.
2J Tuesday p r i c e .

MONTHLY

_3_/ Daily a v e r a g e .

S e p t . 15
193.6

180

162

68,955
80,384
33,419
7

103.06
115.58

194,835
2,886
118.3

kj Wednesday d a t a .

BUSINESS STATISTICS
1973

1972

GENERAL BUSINESS INDICATORS
NATIONAL INCOME:
SEASONALLY ADJUSTED QUARTERLY TOTALS AT ANNUAL RATES:
NATIONAL INCOME, TOTAL
bil. $,
Compensation of employees, total
do..,
Proprietors' income, total
do..,
Rental income of persons
do..,
Corp. profits and inventory valuation adj ., total, do...
Corporate profits before tax, total
do..,
Corporate profits tax liability
do...
Corporate profits after tax
do..,
Inventory valuation adjustment
do...
Net interest
do..,

911.0
684.3
72.5
24.1
86.2
92.8
40.6
52.2
-6.6
43.9

928.3
699.6
73.2
22.6
88.0
94.8
41.4
53.4
-6.7
44.8

949.
713.
74.
24.
91.
98.
42.
55.
-6.
45.

PERSONAL INCOME BY SOURCE:
SEASONALLY ADJUSTED, AT ANNUAL RATES:
Total personal income
bil. $.
Wage and salary disbursements, total
do...
Commodity-producing industries, total
do...
Manufacturing
do...
Distributive industries
do. . .
Service industries
do. ..
Government
do...
Other labor income
do...
Proprietors' income:
Business and professional
do...
Farm
do...
Rental income of persons
do...
Dividends
do...
Personal interest income
do...
Transfer payments
do...
Less personal contributions for soc. insurance..do...
Total nonagricultural income
do...
xj Revised.
11,474




rl,038.2
774,9
81.5
24.6
rl07.9
rl28.9
r57.4
r71.6
-21.1
49.4

1973

1972
July

015.0
757.4
80.6
24.7
104.3
119.6
52.7
66.9
-15.4
47.9

978.
731.
77.
24.
98.
106.
45,
60.
-7.
46.6

Aug.

935.2
627.0
224.4
174.9
151.6
117.2
133.8
40.9

944.
632.
227.
177.
152.
117.
135.
41.

54.0
19.3
24.4
26.1
78.3
100.6
35.4
908.6

54.5
19.8
25.2
26.
78.
101.
35.
917.

May

1,018.7
682.0
248.3
194.7
163.2
126.8
143.7
44.2
57.
24.
24.
27.
85.
115.
42.

June

1,026.6
688,
251.
197.
164.
127.
144.
44.
57
24
24
27
86
116
42.8
994.2

July

Aug.

rl,035.1
r693.2
r253.4
rl97.9
165.3
rl29.4
rl45.1
44.8

1,045.7
699.0
255.0
198.9
166.8
131.0
146.3
45.1

r57.8
r25.4
25.0
27.6
r87.8
rll6.9
43.4
rl,001.8

57.
26.
25.
28,
88.
118.
43.
1,011.

MONTHLY BUSINESS STATISTICS—Continued

3
1973

1972
July

Aug.

July

May

GENERAL BUSINESS INDICATORS--Con.
INDUSTRIAL PRODUCTION (F.R. INDEX OF QUANTITY OUTPUT):
SEASONALLY ADJ., TOTAL INDEX (INCL. UTIL.)
1967=100.
BY MARKET GROUPINGS:
Products, total
do...
Final products
do...
Consumer goods
do...
Durable consumer goods
do...
Automotive products.
.....do...
Autos
do...
Auto parts and allied goods
do...
Home goods
...do...
Nondurable consumer goods
Clothing
Consumer staples
Equipment
Business
Defense and space equipment
Intermediate products
Materials
Durable goods materials
Nondurable goods materials
Fuel and power, industrial
BY INDUSTRY GROUPINGS:
MANUFACTURING, TOTAL
Durable manufactures
Primary metals
Fabricated metal products
Machinery
Transportation equipment
Instrument s
Lumber and p r o d u c t s ^
Clay, glass, and stone products
Furniture and fixtures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
»
Rubber and plastics products
Foods
Tobacco products
MINING
Metal mining
Coal
Oil and gas extraction
UTILITIES
Electric

=

115.1

116.3

124.8

rl25.6

rl26.5

113.3
111.6
123.3
124.5
125.3
108.2
158.0
124.1

114.7
112.6
124.3
124.9
126.0
109.5
158.1
124.3

122.9
120.8
rl31.8
141.5
142.6
129.8
167.0
140.9

122.3
121.2
rl31.8
rl41.7
rl42.6
132.6
rl61.9
rl41.2

124.
rl22.
rl32.
rl42.
rl44.

do...
.do...
do...
do...
do...
do...
do...
.............do...
do...
do...
do...

122.8
110.4
126.1
95.3
105.5
78.3
119.8
117.8
113. 0
124. 0
122.8

124.1
112
127
96
107
78
122
118.8
114.5
124.7
121.1

rl28.0
rll4.2
rl31
rl05
121
r79
rl30
rl28
rl28
rl28
rl22.9

rl27.9
115.8
rl31.1
rl06.3
ri22.i
r80.2
rl31.1
rl29.1
rl29.5
rl29.6
rl24.8

rl31.8
rl07.8
ri23.5
r81.8
rl31.5
rl30.6
rl30.9
rl30.9
rl26.1

..do...
do...
do...
do...
do...
do...
do...
do...
do...
do...

114.3
108.8
115.1
114.3
108.4
97.7
121.7
122.5
118.6
115.5

115.4
109.7
114.3
116.6
109.7
98.1
122.7
121.8
120.4
116.4

124.9
rl21.8
rl26.1
rl30.3
rl24.7
111.0
138.9
rl27.5
132.0
126.5

rl25.7
rl23.1
r!2-7.0
rl33.6
rl26.4
rll2.2
rl39.1
rl26.7
rl30.6
rl26.4

rl26,2
rl23.4
rl27.2
rl32.9
rl26.1
rll2.9
rl39.4
128.1
131.5
126.4

do.
do.
do.
do.
do.
do.
.do.
do.
do.
do.
do.
.do.
do...
do...
do...
do...
do...

122.5
118.7
106.0
90.1
131.0
107.6
140.0
120.5
147.8
118.5
96.7
108.6
109.8
109.0
110.5
143.3
149.5

123.6
120.8
106.8
86.5
130.5
108.7
141.3
121.0
150.6
119.0
108.5
108.8
118.6
97.8
111.1
144.9
151.3

rl29.3
rl27.2
rllO.O
83.0
135.1
113.2
rl50.2
rl28.5
166.8
rl22.4
111.2
rl09.1
rl27.0

129.3
rl27.9
110.8

rl30.3
127.2
84.5
136.4
rll4.8
151.3
128.2
170.1
rl22.6

100.9
rl08.4
149.5
156.8

r86.6
rl35.0
rll4.7
rl50.0
rl29.5
rl64.4
rl21.0
108.1
rl09.8
rl21.6
106.4
rl09.8
rl50.3
rl58.1

49,169
13,808
7,907

49,412
13,884
7,972

51,090
14,551
8,528

r51,241
rl4,614
r8,573

r51,225
rl4,564
r8,560

37.2
37.0
40.6
3
41
3
39
3
33

37.1
37.0
40.6
3.5
41.3
3.6
39.7
3.3
33.6

37.2
37.5
40.7
3.9
41.6
4.2
39.6
3.4
33.4

.
=

134.
rl65.
rl41.
rl28.

rill.8
129.4
109.4
rll0.4
rl51.2
rl59.3

LABOR FORCE, EMPLOYMENT, AND EARNINGS
Production or nonsupervisory workers on payrolls of private
nonagricultural establishments (seas, adj.):
Employees, total
thous.
Manufacturing
do...
Durable goods
do...
Average weekly hours per worker, seas, adj.:
Total private
.hours.
Contract construction
do...
Manufacturing
do...
Overtime hours
do...
Durable goods
do...
Overtime hours
do...
Nondurable goods
do...
Overtime hours
do...
Retail trade.
do...
Hourly earnings, average, seasonally adjusted:
Total private nonfarm payrolls
dollars.
Contract construction
do...
Manufacturing
do...
Wholesale and retail trade
do...
Finance, insurance, and real estate
do...
Services.
do...
Indexes of average hourly earnings, seasonally adjusted:
Private nonfarm economy:
Current dollars
1967=100.
Mining
do...
Contract construction
do...
Manufacturing
do...
Transportation, communication, electric, gas, etc....do...
Wholesale and retail trade
do...
Finance, insurance, and real estate
do...
Services
do. .«
r/ Revised.
117474

2_l Preliminary.




3.65
6.02
3.79
3.02
3.45
3.16

138.0
137.3
145.8
135.5
144.0
135.3
133.9
138.3

138.5
137.7
147.0
136.1
145.1
135.5
133.8
138.4

144.7
144.8
153.7
141.8
153.5
141.7
138.5
144.7

r37.
37.
40.
3.
41.
4.
39.
3.
33.

r37.2
r37.6
r40.8
3.8
r41.5
r4.1
r39.6
3.4
r33.3

3.87
6.43
4.04
r3.19
r3.59
r3.36

r3.91
r6.45
r4.08
r3.21
3.61
r3.38

rl46.0
rl46.2
rl55.4
rl42.7
rl55.0
rl42.9
rl39.5
rl46.3

rl46.9
rl47.7
rl56.1
rl43.7
rl55.8
rl43.7
rl40.8
rl47.4

Mr%fcJYLJiV H i i C i H i c e e C T * T i e T i / * e

**

*•

i
1973

1972
July

Aug.

July

May

Aug. 2/

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Con*
Indexes of aggregate weekly man-hours, production or nonsupervisory workers, seasonally adj.:
Private sector payrolls.....»o».=..o..........»..««l967=l00,
Mining....................................... ...-.-..do...
Contract construction., .............................. .do...
Manufacturing...a....................................do...
Durable goods
do...
Nondurable goods.
...........do...
Transportation, comm., elec. gas, etc................do..,
Wholesale and retail trade.......
..............do...
Finance, insurance, and real estate.............--•••do...
Services.............................................do...
Work stoppages:
Number of stoppages:
Beginning in month.................................number.
In effect during month........
..................do...
Workers involved in stoppages:
Beginning in month..................................thous.
In effect during month...............................do...
Man-days idle during month............................ .do..

rlll.O
rl01.9
rll2.3
r102.1
rl03.0
rl00.8
rl07.0
rll3.3
rI22.9
rl22.0

95.
99.
104.
110.
120.
117.3

110.8
98.0
109.7
102.1
102.8
101.1
107.9
113.7
122.3
121.4

111.1
rl01.4
rll0.7
rl02.2
rl02.9
rl0l.2
rl07.2
rll3.8
rl22.7
rl22.6

380
640

360
630

580
860

520
840

500
830

177
426
3,185

108
198
2,492

155
253
2,483

238
299

253
377

2,173

2,510

107.21
119.98
119.13
112.57
53.47
42.00

111.01
124.35
124.47
116.17
54.66
43.28

107.22
119.95
116.48
107.44
55.43
36.14

104.75
117.20
114.75
104.83
54.37
34.35

105.83
118.65
116.31
105.94
53.31
35.22

103.80
116.75
115.98
104.35
50.14
33.76

57.35
106.94
127.13

61.28
112.21
131.71

59.79
97.72
109.50

58.28
97.45
113.36

66.05
102.23
122.09

66.62
102.43
114.02

106.4
96.1
104.7
96.4
94,
103.
110.
120.
117.

106.9
97.0
106.2

S

111.3
103.9
111.0
101
103.
100.
107.
113.
123.
123.8

FINANCE
SECURITY MARKETS:
STOCKS:
Prices:
Standard & Poor's Corporation:
Industrial, public utility, and railroad:
Combined index (500 stocks)
..1941-43=10
Industrial, total (425 stocks)...............do..
Capital goods (116 stocks).................do..
Consumers' goods (184 stocks)..............do..
Public utility (55 stocks).........
.do..
Railroad (20 stocks)..........
...do..
Banks:
New York City (9 stocks).......................do..
Outside New York City (16 stocks)
do..
Property liability insurance (16 stocks)....
do..
vj Revised. p_/ Preliminary.
USC0MM--DC--11,474

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