^jjjj^Lco^

BUSINESS September 20, 1957

°rBusSs£°* STATISTICS 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

B I L L I O N DOLLARS

3 5 0

3 0 0

2 5 0

200 L.

PERSONAL INCOME (Seasonally adjusted, at annual rates)

X Total

Wage and Salary Disbursements

L M ' i i I i i i i i 1 i i ! 11 i i i i i i 1 i i i i i 1 i i i i i i i i i i i 11 i i J

1 9 5 4 1 9 5 5 1 9 5 6 1 9 5 7

INDEX, 1 9 4 7 - 4 9 = 100 S80

160

S40

120

100

TOTAL INDUSTRIAL PRODUCTION (F. R. B. seas. adj. index)

-

M, 1 1 1 1 1 1 I I ! I I I 1 1 1 1 1 I I 1 i i 1 i I 1 I i I I 1

—

A

-

J L 1 J L J i 1J 1 1

1954 1955 1956 1957

INDEX, 1 9 4 7 - 4 9 = 100

130

S20

S S O

too h

WHOLESALE PRICES

Commodities Other Than " Farm Products & Foods

ALL COMMODITIES

[ " • " A Farm Products

*N 9 0

8 0 f^ i i i i I i i i i i I i i i i i 1 i i i i i 1 i i i i i I i i i i i I i M i i i i i i i i

1 9 5 4 1 9 5 5 1 9 5 6 1 9 5 7

B I L L I O N DOLLARS

20 SALES OF RETAIL STORES (seasonally adjusted)

Nondurable Goods

I

Durable Goods

0 I i M i i 1 i t t i i I i 11 i i 1 t i i i i I i i i i i 1 i i i i | 1 t H | | | | m I

1 9 5 4 1 9 5 5 1 9 5 6 1 9 5 7

INDEX, 1 9 4 7 - 4 9 = 100

200

175

125

100

MANUFACTURING EMPLOYMENT & PAYROLLS (production workers)

Payrolls

7 5 | 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 i i i I i i i i i -,1 i i \.\ i

1 9 5 4 1 9 5 5 1 9 5 6 1 9 5 7

DOLLARS

2.40

2.20

2.00

1.80

1.60

1.40

MANUFACTURING HOURS & EARNINGS

Average Hourly Gross Earnings

HOURS

56

H 52

i i i 1 i i i I j j 36

4 8

4 4

4 0

1954 1955 1956 1957

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

2 WEEKLY BUSINESS STATISTICS*

ITEM

Commodity prices, wholesale:

A11 other .....

F i nance:

Federal Reserve bank credit outstanding,

Federal Reserve reporting member banks in

Time deposits, except U. S. Government, Loans and investments (adjusted), total

Commercial, industrial, and agr, loan

Bond yields, domestic corporate (Moody's) Stock prices, 500 stocks (Stand. & Poor's

Production:

Percent of capacity 5/ ••••••••••

1947-49*100.. do....

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

. do.... do....

total ,3/.....do.... , do....

do.... leading cities: 4/

do.... s (gross)....do.... .............do....

) 4/...i94l-43«l0.. do....

JS. of short tons..

us* of short tons., • • • • • • « • •••••••••••

1956

Sept. 8

• • • • * • • • • •

90.5 112

1,160 1,058

30,786 25,454 18,800

443

54,920 21,946 85,684 26,501 29,355 8,747

196 3.71

48.02 51.46

1,739 10,955 62,482 7,037

2,429 #98.7

680 330

Sept. 15

•115.5 •90.1

•104.0 •123.1

91.2 130

1,099 1,006

30,910 25,934 19,088

694

55,777 22,046 85,868 26,545 29,554 8,775

203 3.74

47.05 50.41

1,767 11,339 83,874 7,049

2,477 #100.6

821 392

1 1957

Aug. 24

88.8 121

1,217 1,120

31,055 25,211 18,806

523

1 54,482 23,610 86,973 25,303 32,217 8,682

260 4.38

45,49 49.10

1,658 12,023

143,621 6,789

2,101 82.1 759 367

Aug. 31

88.4 134

1,164 1,069

30,998 25,133 18,831

461

54,973 23,633 86,470 24,914 32,012 8,696

262 4.41

44.64 48.20

1,677 12,147

139,378 6,766

2,103 82.2 745 357

Sept. 7

118.3 93.0 107.3 125,9 88.3 113

31,145 25,228 18,760

455

54,434 23,659 86,300 24,788 32,065 8,687

208 4.42

45.05 48.69

1,696 11,678

108,120 6,807

2,073 81,0 648 309

Sept. 14

118.1 92.5 106.7 125.8 87.9

31,256 25,408 18,876

633

4.42 44.26 47.83

105,791

2,097 81.9

U Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily average. ±/ Wednesday data. J5/ Week beginning September 16, 1957: Production, 2,076 thous. short tons; operating rate, 81.1 percent. • Monthly index for September 1956. # Not comparable with 1957 rates, which are based on higher capacity.

MONTHLY BUSINESS STATISTICS

ITEM

1956

July August

1957

May June July August

GENERAL BUSINESS INDICATORS

Personal income, by source: Seasonally adjusted at annual rates: Total personal income.••••••••••• ••••••bil. of do I,

Wage and salary disbursements, total. .....do,., Commodity-producing industr ies. do. •, Distributive industries. ...do.., Service industries. do.•, Government ••••• do..,

Other labor income.•••••• do.., Proprietors' and rental income. .do.., Personal interest income and dividends...... do.. Transfer payments ...do.. Less personal contributions for social insurance..do..

Total nonagricultural income... •••••• .do.. Industrial production (FRB): Unadjusted, combined index I947-49»I00(

Manufactures. do.. Durab le manufactures. do. •,

Primary metals....... ,. ••••••.do.., Metal fabricating (including ordnance). ..do..

Fabricated metal products... ....do.. Machinery........••••••••••• •••••••••••do.., Transportation equipment .do. • Instruments and related products......... do..

Furniture and fixtures do.. Lumber and products....... ., do.. Stone, clay, and glass products........... do.. MisceI laneous manufactures .do..,

Non durab le manufactures do.. Printing and publishing. do.. Petroleum and coal products............. •••do..

Minerals ................do.. Coal.... .... •••••do.. Crude o i l and natural gas. . . . . . . • • • . d o . .

£,/ Revised, p./ Preliminary. I 1 M A

325.6 225.7

9 6 . 3 60,2 31.2 38 .0

7 .5 49 .9 29 .7 18.5 5.7

310.7

128 129 139 62 160 124 158 185 162

115 116 156 135

119 129 132 119 62 149

329.3 228 .8

98 .6 60.5 31.5 38.2

7 .6 50.1 29 .9 18.7 5.8

314.1

142 143 155 118 167 135 168 186 167

123 135 164 145

131 133 142 131 87 150

342.9 238 .3 102.4 63 .4 33 .0 39.5

7 .8 50.8 31.2 21 .6

6 .8 327.5

143 144 159

rl34 174 136 166 213 171

115 118

r!58 137

129 142 139 131 r82

rl53

344.8 240.1 IP3.3 63 .8 33.2 39.8

7 .9 50.9 31.2 21 .5

6 .8 329 .3

145 146

r!62 136

r l76 139 168

r2!6 > I 7 I

118 131 159 139

130 140

r!39 r l 3 l

88 r!46

r346.2 240 .9

r103.0 r64 .5

33 .4 40 .0

7 .9 r 5 l . 6 r3 l , 4 r 2 l . 3 r6.9

r330.5

135 r l36 r !5l

919 167

rl34 r!58 r205 r l69

r l 15 H I

r!50 r l 3 l

r l22 r l33 r l36 r l23

66 r!44

347.3 241.5 102.7 65.0 33.6 40.2

8.0 52.0 31.5 21.2

6.9 331.3

pl44 pl46 pl59 pl25 pl74 pl40 pl68 p209 pl7l

pl22 p!23 p!60 pl40

pl32 p!36 pl4l pl28 p87

pl-43

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

MONTHLY BUSINESS STATISTICS—Continued 3

ITEM

GENERAL BUSINESS INDICATORS - Contfnu

Industrial production (FRB) - Continued

Metal fabricating (including ordnance)..

Consumer durables output (FRB)s

COMMODITY PRICES

Retai1 price:

All commodities (U.S. Dept. of Commerce index)

CONSTRUCTION AND REAL ESTATE

E ng i neer i ng con str uct i on:

New permanent nonfarm dwelling units started: Unadjusted:

Seasonally adjusted at annual rate:

Construction cost indexes: Associated General Contractors (all types).... Engineering News-Record:

DOMESTIC TRADE

A11 reta i1 stores: 3/

Durable-goods stores:

Nondurable-goods stores:

Estimated sales (seasonally adjusted), total..

Department store sales, United States total:

EMPLOYMENT AND WAGES

Labor force (Bureau of the Census): 4/ Civilian labor force, total

»d

.1947-49*100.. do.... do.... do....

........GO.... do....

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

do.... do.... do.... do.... do..,. do....

........do,...

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

do....

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

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

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

........dol...

.1935-39*100..

•mi 1, of dol..

...thousands.. do.... do.... do....

do....

.1947-49*100..

..••••••do....

.mi 1, of dol..

do.... do....

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

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

.• do.... ••......do....

do.... do....

,1947-49=100.. do....

ee»thousands.« do....

........do..,.

do....

1956

July

136 138 148 69 169 130 173 189 167

123 127 161 145 128 136 132 123 75 152

116 121 127 117 106 127 135 122 148 HI

213.6

1,835

101.1 99.0 68.1 2.1

1,070.0

467

145.3 153.7

15,382

3,066 846

768 464

1,306 3,628 1,239 1,414 15,871 5,514 10,357

r!02 r!29

69,489 66,655 7,700 58,955 2,833

August

143 144 158 125 172 134 175 191 171

122 130 160 145 130 138 139 130 85 154

120 122 109 136 115 127 132 124 141 114

212.5

1,828

103.9 103.2 70.5

.7

1,136.0

467

147.9 155.6

16,187

3,110 900

863 475

1,333 3,840 1,253 1,663 16,101 5,512

10,589

113

128

68,947 66,752 7,265 59,487 2,195

1957

May

143 145 159 132 175 136 168 213 171

121 115 159 139 130 142 142 130 r82 rl53

124 131 144 122 106 124 131 139 126 108

215.3

1,857

r 103.0 r96.9 66.7 r6.1

r994.0

479

149.1 159.2

17,205

3,550 873

998 520

1,253 4,043 1,293 1,723 16,644 5,776

10,867

124

125

67,893 65,178 6,659 58,519 2,715

June

144 146 162 132 177 139 171

r2l5 rl7l

rl2l 125

rr57 142 130 141

rl38 r!28 r87 r!47

131 140 156 129 108 129 137 144 133 108

216.6

1,561

97.0 92.0 64>2 5.0

970.0

485

149.8 159.9

17,114

3,609 916

994 511

1,289 3,977 1,321 1,680 16,783 5,806

10,977

121

127

69,842 66,504 7,534 58,970 3,337

July

144 146 162 134

rl77 r!4l r!73 r2IO rl74

r!23 121

rl54 r!4l 130

r.140 rl36 127 83 147

116 121 134 III

r!06 129 137 134 142

rill

217.5

1,589

96.0 90.2 61.6 5.8

980.0

488

152.9 163.1

r16,865

r3,4l8 r873

r846 r5!3

rl,384 r4,029 r1,383 r 1,540 r 17,033 r5,850

r 1 U 184

pl04 p!32

70,228 67,221 7,772 59,449 3,007

August

pl44 pl46 pi 62 pl33 pl78 pl38 p!75 p2l2 pi 74

p 121 pi 18 pl57 pi40 p13l pl4l pl38 p(28 p85

pl47

pl32 pl40 pl48

pt 13 pl33 pl43 pl48

pill

1,805

95.0 92.6 64.2 2.4

1,010.0

488

152.6 162.9

17,691

3,391 894

925 516

1,391 4,428 1,376 1,823

17,249 5,862 11,387

p 118 pl33

68,994 66,385 6,823 59,562 2,609

r/ Revised. j>/ Preliminary. \J Data for August 1956 and May and August 1957 are for 5 weeks; other months, 4 weeks. 2/ Data reported at the beginning of each month are shown here for the previous month. 3/ Data for August 1957 are advance estimates. 4/ Estimates beginning January 1957 reflect certain changes made in the definitions for employment and unemployment, etc. Figures for August 1957, comparable with data through August 1956, in order as above (thous.): 68,999; 66,619; 6,827; 59,792; 2,380.

12570

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

4 MONTHLY BUSINESS STATISTICS — Continued

ITEM

EMPLOYMENT AND WAGES - Continued

Employees in nonagricultural establishments; Total, unadjusted (U. S, Department of Labor) J/, thousands.-.

Manufactur!ng98.ss.s.4.5e....S55S.,,...!5..SSi4S.e,sdoS8!S

Ni 1 n 1 H Q 9 .,« e.,,e......«e.,e«>ess@,, see..6$,,,®$, , , $ $ . , QO, ® . ©

Contract construction,„«. « •..>.. «»do...# Transportation and public utlHties.,.,•.•••••• do,,,. Wholesale and retail trade»s,,,,«,.,#,,.,.««,,,,...,do.»«» Finance, insurance, and real estate* , „ , , do.,,, Service and ml seellaneous*.••••••••••••••••••••••*•• do,,,. Government J./ • • • •..s...»«.,«,»«,«,«#.«.ee«®®,@e,@®,«.do,.,,

Production workers in manufacturing industries! 1 © T a l e o a e s s s a o s o o e e o o o o a s s s c a s Q a o s e s e o e o a s o e s o o s e s e s o ® u O , a g .

Durab8e-goods industr?es»,•«••••••••••••••••••••••••do, *,, Ordnance and accessories8,ee@0«eee,,9<j®a®8se©®#®««doee8(9 Lumber and wood products (except furnsture),®s.eaado.... Furniture and fixtures###M,«###*»«*.«*»««««.*#,«#,«do«.«« Stone, clay, and glass products, „,,do,,,e Primary metal industries#..•• ••••••••••••..«*,»..<».do,,,, Fabricated metal products,••••••••••••••••••••••••do,®,.

E1ectr1caI machinery,••••••••••••••.••••••••••••«•do,,,,

Instruments and related products*•••••••••••••••••do«««»

Food and kindred products*..,,.•••••••••••••••••••do,,,.

Apparel and other finished textile products*.«.«..do,...

Printing, publishing, and allied products,,.......do,,,.

Leather and leather products,,,,,,,,.,,•••••••••••do,... Manufacturing production-worker indexes:

Hours and earnings; Average weekly hours per worker, all manufacturing*,,hours,.

Average weekly earnings, all manufacturing,,, dollars,.

METALS AND MANUFACTURES

Industrial trucks (electric), shipments;

Industrial trucks and tractors (gasoline-powered), ship-

1956

July

51,258 16,301

765 3,256 4,161 11,164 2,349 6,296 6,966

12,536 7,113

82 703 306 466 747 823

1,247 849

1,280 226

5,423 1,140

76 928

1,025 462 544 539 170 203 337

101.4 S02.8 150.5

40,1 40.7 39,4

78,60 84.25 71.71 1.96 2.07 U82

682 512

2,725

August

52,258 17,035

839 3,361 4,190 81,198 2,361 6,293 6,981

13,256 7,572

80 718 318 475

1,091 864

1,250 873

1,266 231

5,684 1,246

98 956

8,089 470 550 545 179 206 345

107.2 106.2 161.5

40,3 40.8 39,6

79,79 85,68 71.68 t.98 2.10 1.81

554 374

2,137

1957

May

r52,482 16,762

835 3,082 4,156 18,411 2,329 69520

r7,387

12,894 7,600

77 638 308 456

1,093 883

1,255 847

1,435 226

5,294 1,004

73 911

1,039 465 555 544 174 204 325

804.2 105,7 861,0

39.7 40.3 38,9

81.78 1 87,85

73. 13 2.06

! 2.18 1.88

618 429

1,737

June

r52,881 r16,852

r858 r3,232 r4,181 r11,505 2,359 r6,55! r7,343

r12,955 r7,603

r76 r659 r3ll r459

r1,093 r887 1,239 855

rt,4!5 r224

r5,352 1,056

73 r9!3

r 1,045 r469 r556 r535 r!75 r!97 333

r104.7 r105.3 r863.8

40.0 r40,5 39,2 82.80 r88.70 74.09 2.07 2.19 1,89

536 435

1,869

July

r52,600 r16,698

r856 r3,280 r4,202 HI,510 2,392 r6,524 r7,138

r12,783 r7,427

r73 r645 r308 r443

r1,074 r870

r i,206 r850

r1,369 r22l

r5,356 r1,484

r7i r895

r 1,025 r459 r553 r53l r!77 r200 r332

r103.3 rl04,8 r160.4

r39,7 r40.0 r39.4 r82.18 r88,00 r74.86 r2.07 2,20 1.90

688 4zG

1,65.1

August

p52,838 n16,949

p854 p3,299 p4,223

pi 1,505 p2,393 p6,506 p7,109

p 13,03! p7,48l

p72 p644 p385 p460

p1,070 p887

pi,192 p87 8

pi,363 p224

p5,550 pi,190

p94 p9i4

pS,080 p466 p552 p533 p!77 p204 p342

p105.4 p!04.5 p864.4

p39.9 P40.2 p39.4 p82,59 p88.44 p74.47 p2.07 p2.20 pi,89

r/ Revised, £,/ Prel iminary* ±/ Revisions for March and Apr i l USCOMM-DC-12570

8957, respect ive ly ( thous # ) : T o t a l , 51,919; 52,270j Government, 7*360; 7,376.

UNITED STATES GOVERNMENT PRINTING OFFICE

DMSION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C

OFFICIAL BUSINESS

FIRST CLASS

PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300

WEEKLY SUPPLEMENT

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