A UNITED STATES DEPARTMENT OF COMMERCE PUBLICATION

, ^ T O f C ( V

BUSINESS STATISTICS

A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS*

)CTOBER 1971

^ . ^ E K ^ W ^ ^ ^^s^^s^«fe^^^>'»!.*i

1941-43 = 10 130

120

110

100

90

80

1941-43 =

PRICES OF 425 INDUSTRIAL STOCKS Monthly (avg. of daily close)

1968 Data: Standard & Poor's Group

1969 1970 i i i i i I i i i

1971 J F M A M J J A S O N D

1967 = 100 125

Billion $

120

WHOLESALE PRICES

Farm Products

100

60 h

40

1968 1969 Data: U.S. Dept. of Labor

NEW CONSTRUCTION (Seas., adj., at annual rates)

Total Put in Place (left scale)

Private Residential, Nonfarm (right scale)

1970 i i i i i i i

1971 i I t i I i I i i ! JULJJLJ I I

1968 1969 Data: U.S. Dept. of Commerce

i i i i I i

40

20

1970 1971

Dollars 3.80

3.60

3.40

3.20

MANUFACTURING HOURS & EARNINGS

|— (Hours seasonally adjusted)

Average Hourly Gross Earnings

(left scale) \

Hours 48

\ Average Hours Per Week

(right scale) , i i i i i I i i i i i I i i i i i I i i i i i I i i i

1968 1969 Data: U.S. Dept. of Labor

1970 i i i i I i i i i i

Billion $ 11.0

46 10.0

44

42

40

38 1971

7.0

6.0

CONSUMER INSTALLMENT CREDIT EXTENDED AND REPAID (seasonally adjusted)

Repaid

» ' I I I M I I I M I I 1 I I M » I I l l l I l I » I I i I I I I i i i I i i i i i

1968 1969 1970 1971 Data: rederal 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 Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2 WEEKLY BUSINESS STATISTICS

ITEM

WHOLESALE PRICES, 22 COMMODITIES 2/ 1967=100

ALL RETAIL STORES, SALES mil. $ Nondurable goods stores 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

FINANCE: Currency in circulation _3_/ mil. $ Federal Reserve bank credit outstanding, total _3/...do.. 'Member bank reserve balances 3/ do..

Excess reserves, estimated 3J do..

Assets and liabilities of large commercial banks: 4/ Demand deposits, adjusted mil. $ 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.*

Bond yields, domestic corporate (Moody's) 3/ percent Stock prices, 500 stocks (Stand. & Poor's) 47.1941-43=10

Industrial, 425 stocks do..

PRODUCTION: Bituminous coal _3/ thous. sh. tons, Electric power, by utilities mil. kw.-hr, Motor vehicles (passenger cars) number, Petroleum (crude) and condensate 37 thous. bbl,

Steel, raw thous. sh. tons, Index of production 1967=100.

RAIL FREIGHT, REVENUE TON-MILES bil,

1970

Oct. 3

111.0

7,211 4,941

284 1,779 1,640 242

54,631 64,372 29,034

272

80,938 47,259 241,745 24,998 81,355 34,219

8.63 84.21 92.57

2,044 27,638 85,201 9,923

2,454 100.6

15.6

Oct. 10

110.5

7,005 4,910

288 1,811 1,671 233

54,823 64,289 28,786

352

79,663 46,893 240,786 24,705 80,857 33,969

8.63 86.89 95.75

2,098 27,795 86,397 10,076

2,440 100.0

15.1

1971

Sept. 18

107.6

7,512 5,104

231 2,154 1,732 176

59,354 71,490 30,881

266

85,660 53,008 264,134 25,278 83,854 36,993

7.97 99.77 110.22

2,036 32,237 175,114 9,468

1,807 74.1

14.9

Sept. 25

107.2

7,644 5,046

237 2,137 1,714 208

58,992 71,603 30,636

227

82,136 53,099 261,617 25,217 83,874 37,107

7.96 98.47

108.85

2,030 29,926

184,040 9,472

1,855 76.0

14.7

Oct. 2

106.8

7,864 5,083

238

176

58,685 71,753 31,082

353

82,116 53,306 261,539 25,094 83,741 37,183

7.95 97.90 108.25

2,271 31,413

187,055 9,472

1,809 74.1

14.8

Oct. 9

106.8

58,830 72,273 31,092

297

7.93 99.82 110.24

185,840

1,756 72.0

1_/ Data do not always cover calendar weeks. 2/ Tuesday price. 3J Daily average. 4/ Wednesday data.

MONTHLY BUSINESS STATISTICS

1970

Aug. Sept.

1971

July Aug. Sept.

COMMODITY PRICES

SPOT MARKET PRICES, BASIC COMMODITIES: 22 Commodities 1967=100. 9 Foodstuffs do. . , 13 raw materials do. . .

WHOLESALE PRICE INDEX: ALL COMMODITIES 1967=100.

Farm products do... Food and feeds, processed do... Industrial commodities do. ..

Chemcials and allied products do... Fuels and related products, and power do... Furniture and household durables do... Hides, skins, and leather products do... Lumber and wood products do... Machinery and equipment do.., Metals and metal products do..,

Nonmetallic mineral products do.., Pulp, paper, and allied products do.., Rubber and plastics products do.., Textile products and apparel do.., Transportation equipment Dec. 1968=100, Miscellaneous products 1967=100,

PURCHASING POWER OF THE DOLLAR AS MEASURED BY--Wholesale prices 1967=$1. 00,

CONSTRUCTION AND REAL ESTATE

NEW CONSTRUCTION PUT IN PLACE (UNADJ.), TOTAL mil. $, Private, total do. .

Residential (nonfarm) do. . , New housing units do. .

Nonresidential buildings, total 1_/ do. . Industrial do. . Commercial do. .

Public, total do. .

TJ Revised. 1_/ Except farm and public u t i l i t i e s . 7930

112.9 115.3 111.2

110.5 108.5 112.9 110.2 102.7 105.8 107.7 109.8 114.0 111.6 117.5

113.6 108.2 109.7 107.4 103.3 111.2

$0,905

8,584 5,737 2,707 2,075 1,983

543 922

2,847

112.0 114.3 110.5

111.0 112.1 113.0 110.4 102.5 107.1 107.8 109.9 114.2 112.1 117.4

113.8 108. 109. 107. 103. 111.

$0,901

8,507 5,813 2,721 2,093 2,010 531 964

2,694

108.1 111.1 106.1

114.3 116.0 114.9 113.9 104.4 114.4 109.8 114.2 126.1 115.5 118.5

122.2 110.2 108.7 108.5 110.0 112.6

$0,875

r9,652 r6,89l r3,784 r2,959 r2,041

r402 rl,085 r2,761

108.3 113.8 104.7

114.6 113.4 116.0 114.5 104.4 114.4 110.0 114.2 130.6 115.7 119.4

123.3 110.5 109.7 109.2 110.3 112.8

$0,873

r9,925 r7,l40 r4,006 r3,108 r2,097

r390 rl,158 r2,785

108.3 111.3 106.1

114.9 113.2 115.4 115.1 104.3 114.8 110.2 114.4 134.6 116.1 121.1

124.2 110.6 109.8 109.7 110.5 113.0

$0,870

10,192 7,371 4,142 3,194 2,127

381 1,177 2,821

107.4 107.3 107.5

114.5 110.5 114.6 115.0 104.3 115.3 110.2 114.7 134.3 116.0 121.1

124.2 110.6 109.7 109.7 109.6 113.0

$0,873

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

MONTHLY BUSINESS STATISTICS —Continued 3

CONSTRUCTION AND REAL ESTATE — Con.

NEW CONSTRUCTION PUT IN PLACE (SEASONALLY ADJUSTED AT ANNUAL RATES), TOTAL bil. $.,

Private, total do. . . Residential (nonfarm) do... Nonresidential buildings, total 1_/ do...,

Industrial do. . . Commercial. » do...,

Public, total do..., CONSTRUCTION CONTRACTS IN 48 STATES (F.W. Dodge):

TOTAL VALUATION mil. $., Index (seasonally adjusted) , 1967=100.,

Building, total mil. $., CONSTRUCTION COST INDEXES:

DEPARTMENT OF COMMERCE COMPOSITE 1957-59=100.,

LABOR FORCE, EMPLOYMENT, AND EARNINGS

LABOR FORCE, total, persons 16 years of age and over, not seasonally adjusted thous..

Civilian labor force do=e = , Employed, total do....

Nonagricultural employment do.... Agricultural employment.. do...,

Unemployed (all civilian workers) do...,

Civilian labor force, seasonally adjusted. ..do..., Employed, total. do....

Nonagricultural employment. do.... Agricultural employment do....

Unemployed (all civilian workers) do.... Long-term, 15 weeks and over d o . . . .

Rates (unemployed in each group as percent of total in the group):

All c i v i l i a n workers Men, 20 yea r s and over Women, 20 year s and over Both sexes , 16-19 years

Marr ied men Negro and other races White workers Occupation: White-collar workers

Blue-collar workers Industry: Private nonfarm wage and salary workers...

Construction Manufacturing

Durable goods EMPLOYEES ON PAYROLLS (NONAGRICULTURAL ESTABLISHMENTS):

Total, seasonally adjusted thous.. Mining do.... Contract construction do.... Manufacturing do.. . .

Durable goods do.... Nondurable goods 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 do.... Nondurable goods do. ...

HOURS (GROSS), AVG. WEEKLY PER PROD. WORKER (MFG. PAYROLLS):

Manufacturing, seasonally adjusted hours.. Overtime hours do....

Durable goods do.. .. Overtime hours do....

Nondurable goods do.... Overtime hours do....

MAN-HOUR INDEXES, AGGREGATE WEEKLY, seas, adjusted: Manufacturing 1967=100..

Durable goods do... . Nondurable goods do...,

HOURLY EARNINGS (GROSS), AVG. PER PROD. WORKER ON PAYROLLS: Manufacturing, not seasonally adjusted dollars..

Excluding overtime .....do.... Dur abl e goods do....

Excluding overtime do.... Nondurable goods do....

Excluding overtime do....

xj Revised. p_/ Preliminary. 1/ Except farm and public utilities. 7930

Aug.

90. 61. 27. 22. 6.

10. 28.

1970

6,142 135

4,604

155

Sept.

91.0 62.7 28.8 21.8 5.7

10.4 28.3

5,466 118

4,163

156

87,248 84,115 79,894 76,112

3,782 4,220

82,770 78,508 75,073

3,435 4,262

727

5.1 3.7 4.8

15.8 2.8 8.4 4.8 2.8 6.9 5.5

11.8 5.8 5.7

70,445 620

3,302 19,258 11,132

8,126 4,523

14,907 3,816

11,091 3,683

11,632 12,520

2,635 9,885

13,972 8,026 5,946

39.8 2.9

40.2 2.9

39.1 3.0

95.7 93.8 98.4

3.37 3.24 3.58 3.45 3.08 2.97

85,656 82,547 78,256 74,730

3,525 4,292

82,975 78,479 75,043

3,436 4,496

788

5.4 3.9 5.0

16.5 2.9 8.8 5.0 2.9 7.3 5.8

12.7 6.1 6.3

70,480 620

3,274 19,235 11,116

8,119 4,518

14,931 3,826

11,105 3,698

11,666 12,538

2,657 9,881

13,963 8,016 5,947

39.3 2.8

39.8 2.7

38.6 2.8

94.4 92.6 97.1

3.42 3.29 3.62 3.49 3.14 3.02

1971

June

rl05.5 r76.2 r40.4 r23.9 r4.5 rl2.8 29.3

8,077 147

6,285

rl62

87,784 84,968 79,478 75,559 3,920 5,490

83,132 78,443 75,149 3,294 4,689 1,173

5.6 4.2 5.5 15.8 3.1 9. 5. 3. 7.

70,657 619

3,255 18,608 10,598 8,010 4,500

15,135 3,837 11,298 3,807 11,895 12,838 2,640 10,198 13,496 7,627 5,869

40.0 2.9 40.6 2.9 39.3 3.1

93.1 90.0 97.7

57 44 80 67 26 13

July

rl05.9 r76.8 r40.8 r24.2 4.4

rl3.3 r29.1

7,670 151

5,978

rl68

86,011 80,681 76,710 3,971 5,330

83,829

78,941 75,574 3,367 4,888 1,311

5. 4. 5.

16. 3.

10. 5. 3. 7. 6. 9. 6. 6.

r70,531 r597 3,228

rl8,533 rl0,552 r7,981 r4,476

rl5,158 3,835

rll,323 r3,806 rll,921 rl2,812 2,643

rl0,169 r13,440 r7,594 r5,846

40.0 r3.0 40.4 2.8

r39»3 3.0

92.4 89.0 r97.4

57 45 79 66 29 16

Aug.

107.3 78.2 42.0 23.9 4.4 13.0 29.1

7,712 153

5,375

169

88,453 85,678 80,618 76,853 3,764 5,061

84,312 79,197 75,782 3,415 5,115 1,305

6. 4. 5.

17. 3. 9. 5, 3. 7. 6.

10. 6. 6.

r70,554 r609

r3,218 rl8,473 rl0,488 r7,985 r4,435

rl5,213 3,845

rll,368 r3,804 rll,940 rl2,862 r2,650 rl0,212 rl3,380

r7,522 r5,858

r39.8 r2.9 r40.1 2.8 39.3 r3.0

r91 .8 r87 .8 r97 .7

r 3 . 5 6 r 3 . 4 3 r3 .79 r 3 . 6 6

3.27 3.15

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4 MONTHLY BUSINESS STATISTICS—Continued

FINANCE

CONSUMER CREDIT (SHORT- AND INTERMEDIATE-TERM): Total outstanding, end of montho.....„.s.a8..,,...„8.mil. $ Installment credit, total...o....eSa. ......^..do.c

Installment credit, extended and repaid: Unadjusted: Extended, totals .................................... 8do„. R e p a i d , t O t a l - . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . .

Seasonally adjusted: Extended, total* ................................... ..do.. Repaid, total.....................................a..do..

LIFE INSURANCE: INSTITUTE OF LIFE INSURANCE: ASSETS, TOTAL, ALL U.S. COMPANIES.„. = ........ . .... .bil. $ Government securities® .............................do.. Corporate securities...............................do.. Mortgage loans, total o....... .........do.. Nonf arm. ..........................OB.............do..

Real estate,, ...................................... .do.. Policy loans and premium notes.sl!Il....e.g8....,....do..

Other assets do.. PAYMENT TO POLICYHOLDERS AND BENEFICIARIES IN U.S.: TOTAL............................................mil. $ Death benef its. ................................. .do.. Matured endowments...............................do.. Disability payments..............................do..

Annuity payments.................................do.. Surrender values................................. do.. Policy dividends.................................do..

Life Insurance Agency Management Association: Insurance written (new paid-for insurance): Value, estimated total...........................mil. $ Ordinary (incl. mass-marketed ord,)..0o,»»e.0o.»do,» Group................ .-... ......................... do.. Industrial» .......................................do..

1970

July

123,092 99,302

9,497 8,894

9,065 8,622

201.49 11.15 85.66 73.39 67*72

6.16 15.38 1.34 8.41

1301.6 575.3 75.4 19.1

149.0 243.2 239.6

14,533 10,093 3,887 553

Aug

123,655 99,860

8,915 8,357

8,809 8,577

202.50 11.17 86.15 73.46 67.80

6.18 15.54 1.44 8.55

1301. 549c 72. 18.

149. 223. 288.

*30,883 9,688

*20,671 524

1971

May

126,025 100,692

9,562

9,197

213.41 10.95 94.20 74.55 69.00

6.59 16.44 1.40 9.29

1353.7 592.8 81.9 20.1

157.4 234.3 267.2

14,713 10,537 3,488

June

127,388 101,862

10,667 9,497

9,715 9,190

214.28 10.79 95.03 74.54 68.97

6.64 16.52 1.46 9.31

1430. 635. 85. 25.

164. 243. 275.

16,273 11,344 4,294

635

July Aug.

128,354 102,848

10,098 9,112

9,675 8,914

215.28 11.03 95.68 74.58 69.02

6.73 16.59 1.38 9.29

1326.7 567.8 76.3 19.7

161.0 233.0 268.9

14,097 10,259 3,296 542

129,704 104,060

10,300 9,088

10,049 9,222

.......

.......

.......

.......

17,299 10,767 5,970 562

*Includes $17.2 SGLI. USCOMM—DC—7930

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