BUSINESS °'»O^SES?^'

April 19, 1957

STICS 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

THOUSAN0S

1,200

1,000

8 0 0

6 0 0

4 0 0

2 0 0

PASSENGER CAR AND TRUCK PRODUCTION (United States plants)

/I V^v / \ V j l L 1 1 1 -1 1 1 1 1 1 L^

J SA V i i i i i I i i i i i

\

^sP v

Monthly

-

fK V *

i i i i i 1 i i i i i 1

1957

1956

J - l - J 1 1-

THOUSANDS

250

200

i I I I I 0

150

100

-\ 5 0

1954 1955 1956 195? J F M A M J J A S O N D

INDEX, 1 9 4 7 - 4 9 = 100

180

160

140

120

100

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

—

ana. j ^

1 ' I I 1 1 ' ' 1 1 j | | | | | | - L I 1 1 1 1 1 1 1 1 i •

H

-j

1

_L.I 1 1 1 1 1 1 1 1 1 1

1954 1955 1956

INDEX, 1 9 4 7 - 4 9 = 100

130

I 20

I 10

100 h

WHOLESALE PRICES _ Commodities Other Than ' Farm Products 8 Foods

ALL COMMODITIES

n \ Sl Farm Products

/

90 h

8 0 tp, I M I I I I L L l J I I I I I I JL I I ,1 I i I i M n I i i i t i I i i i i i

S957 1954 S955 1956 1957

INDEX, 1 9 4 7 - 4 9 = 100

200

175

150

125

soo

MANUFACTURING EMPLOYMENT & PAYROLLS (production workers)

Payrolls

7 5 Li I i i | [ 1 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 t i i t I i i i I l

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

DOLLA

2.40

2.20

2.00

1.80

1.60

1.40

MANUFACTURING HOURS & EARNINGS

Average Hourly Gross Earnings

( l e f t scale)

U±J-

Average Hours Per Week (right scale)

1 I i i | I M i I I i i I I i I I i I i i I i I i

HOURS

56

52

i i I i i i i i 1 i n i i I i i i i

48

44

40

3 6

1954 S955 1956 S957 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

2 WEEKLY BUSINESS STATISTICS1

ITEM

Commodity prices, wholesale:

A11 other

Finances

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

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

do....

Federal Reserve bank credit outstanding, total 3/ do....

Federal Reserve reporting member banks in

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

Commercial, industrial, and agr. loans

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

Production:

Electric power, by uti1ities.,.,...,,..».«

Petroleum (crude) and condensate 3/.,.,,,<

Stee 1 1/. thoi

......do.... leading cities: 47

. . . . e . . . . . . . O O . . . .

do.... (gross)....do..,.

do....

4/...1941-43=10.. do....

s. of short tons.. •,mil, of kw.—hr.«

•••thous. of bb1,,

is, of short tons..

1956

Apr. 7

90.9 104

1,493 1,377

30,321 25,658 18,860

538

55,392 21,640 85,454 27,852 27,578 8,344

217 3.35

48.80 52.23

1,635 10,846

157,531 7,171

2,406 #97.7

685 370

Apr. 14

*II3.6 *88.0

*I00.4 *I2I.6

91.9 114

1,488 1,381

30,300 25,481 18,917

633

56,211 21,607 85,447 27,696 27,683 8,377

255 3.39

48.31 51.71

1,656 10,918

160,160 7,156

2,483 #100.9

742 380

1957

Mar. 23

88.8 113

1,665 1,539

30,589 25,158 19,204

603

55,704 23,020 86,747 25,990 31,579 8,746

318 3.97

]: 4 4 . 10 1 46.99

1,723 11,723

161,866 7,818

2,392 93.5 666 355

Mar. 30

88.6 112

1,611 1,448

30,502 24,930 18,971

594

55,472 23,067 85,604 25,164 31,443 8,740

290 3.96

44,09 46.97

1,762 11,694

152,712 7,786

2,364 92.4 695 361

Apr. 6

117.0 89.2 104.0 125.4 88.5 113

30,588 25,165 18,868

342

55,118 23,157 87,253 26,635 31,322 8,691

231 3.96

44.54 47.47

1,606 11,693

154,214 7,600

2,319 90.6 644 344

Apr. 13

117.2 90.2 104.7 125.3 89.2

30,65' 1 25,400 19,088

549

....

308 3,95

44.98 47.99

151,17:

2P3I(

>

) 90.3

±/ Data do not always cover calendar weeks, 2/ Tuesday prices, 3/ Daily average. 47 Wednesday data; S&P's index on revised basis. j>/ Week beginning April 15, 1957: Production, 2,297 thous, short tons; operating rate, 89,7 percent. *Monthly index for April 1956, #Not comparable with 1957 rates, which are based on higher capacity,

MONTHLY BUSINESS STATISTICS

ITEM 1956

February March December

1957

January February March

GENERAL BUSINESS INDICATORS

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

Wage and salary disbursements, total. do..., Commod i ty-produc i ng i ndustr i es do..., Distributive industries... .do.•., Ser v Ice i ndustr ies. 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, 1947-49== 100.,

Manufactures, ...,.«••.••.•• •••• .do. • •, DurabIe manufactures,...»..,..,,.•,»,,,.,..,,....do,,.,

Primary metaIs ........... .do..., Metal fabricating (including ordnance),. do...,

Fabricated metal products..0 .do..., Mach i ner y, do..., Transportation equipment do.,., Instruments and related products.............do...',

Furniture and fixtures.. do..., Lumber and products, ....,„ do..., Stone, clay, and glass products..•••••••• do.,., M i see 11 aneous manu f actures ..„,... .....do...,

Nondurable manufactures. do,•., Printing and publishing do..., Petroleum and coal products.,, ..do...,

Minerals....*..,. ,,,,do,,., Coa!...., .•..»•• ,...,do..., Crude o i l and natural gas do»«.

r / Revised. j>/ Prel iminary. 3fc,3?6

317.1 218.9

94.7 57.9 29.5 36.8

7.2 49.7 28.7 18.3 5.7

301.5

144 146 161 152 172 134 168 205 161

123 121 150 145

131 130 143 127 88 15!

318.6 220.3

95.1 58.4 29.6 37.2

7.2 49.5 28.8 18.5 5.7

304.0

143 145 161 152 S7I 134 168 202 161

122 119 153 142

130 135 142 127 86

334.0 232.9 102.3 60.9 31.3 38.4

7.4 51.2 29.2 19.3 6.0

318.8

144 146 166 142 183 139 177 225 175

125 104 156 145

125 142 145 129 83 S55

335,0 232.7 101.2 61.5 31.3 38,7

7.5 51.3 30.6 19.6 6.7

319.7

145 146 164

r l 4 6 181 136 175 224

r ! 7 3

118 104

r l 4 8 136

128 136

r l 4 8 130 84

r ! 5 7

r 3 3 6 . 6 r 2 3 3 . 7

101.9 r 6 l , 5 r 3 l , 4

38,9

7,5 51.5

r30.7 19.9 6.7

r 3 2 l , 3

147 149

r l 67 r l 49

183 137 177

r228 r l 7 4

119 M I 3

151 r l37

131 139

r !46 r !30

86 r!55

337.6 234.2 101.9 61.8 31.5 39.0

7.5 51.5 30.9 20.2 6.7

322.2

pl48 p!50 p!67 p!45 pl83 p!38 pl77 p227 p!78

PII9 pl!6 p!55 p!38

p!33 p!43 p!42 PI33 p88

p«59 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

MONTHLY BUSINESS STATISTICS — Continued 3

ITEM

GENERAL BUSINESS INDICATORS - Continued

Industrial production (FRB) - Continued Adjusted, combined index. 1947-49=100,

Manufactures. ,, ..... « ...do... Durab le manufactures . v.. do...

Pr imary meta is.. do... Metal fabricating (including ordnance).........do...

Fabricated metal products.. ...••.. do... Mach i nery •••... do... Transportat5on equi pment ,. ,do«. s Instruments and related products ..do...

Furniture and fixtures.. ....do... Lumber and products ••.....• do.., Stone, clay, and glass products........ do... Mi see I laneous manufactures. .do...

Nondurab le manufactures do... Printing and publishing...... .do... Petroleum and coal products... do...

Minerals... do... Coa I do... Crude oi I and natural gas do...

Consumer durables output (FRB): Unadjusted index, total..... do...

Major consumer durables. do... Autos. • .do... Major house ho I d goods do...

Other consumer durab les do...

Adjusted index, total do... Major consumer durables do...

Autos ,.. do... Major household goods. ....do...

Other consumer durables. do...

COMMODITY PRICES

Wholesale price index, all commodities 1947-49=100. Farm products. do...

Fruits and vegetables, fresh and dried do... Grains ..••••••.. ...«.do... Livestock and live poultry.... do...

Foods, processed ..............o.. .do... Cereal and bakery products. do... Dairy products and ice cream. .do... Fruits and vegetables, canned and frozen do... Meats, poultry, and fish do...

Commodities other than farm products and foods do... Chemicals and allied products do... Fuel, power, and lighting materials ..do... Furniture, other household durables.,,.. do... Hides, skins, and leather products. ....do... Lumber and wood products ..do... Machinery and motive products do... Metals and metal products....;... do... Nonmetallic minerals, structural do... Pulp, paper, and allied products do... Rubber and products.... , do... Textile products end apparel ......do... Tobacco manufactures and bottled beverages... do...

CONSTRUCTION AND REAL ESTATE

New permanent nonfarm dwelling units started: Unadjusted: Total, privately and publicly owned.thousands.

Privately owned, total.. do... In metropolitan areas... ....do...

Pub I icly owned do... Seasonally adjusted at annua! rate:

Privately owned, total....... do...

DOMESTIC TRADE

All retail stores: ±/ Estimated sales (unadjusted), total ......mil. of dol.

Durable-goods stores: Automotive group........•» ....r...do... Furniture and appliance group....................do,..

Nondurable-goods stores: Appare I group , .do... Drug and proprietary stores. .do... Eating and drinking places ..do... Food group..,,.....„ do.., Gasoline service stations... ..do... Genera I-merchand i se group,,.«.,. ............do...

Estimated sales (seasonally adjusted), total... do... DurabIe-goods stores. •••• do... Nondurab I e-goods stores ...«•.. do,..

February

143 144 158 146 168 134 163 199 161

122 123 155 143 130 132 142 129 88 148

143 157 164 153 110

137 149 155 146 III

112, 86. 98, 82, 67, 99, 115, 106, 108, 76,

120.6 106.4 I I 1.2 118.2 97.1 126.7 133.9 145 127 125 147 96 121

r78.4 77.0 56.9 rl.4

1,127.0

13,686

2,812 757

667 451

1,041 3,446 983

1,271 15,346 5,354 9,992

1956

March

141 143 157 145 167 132 163 196 160

121 118 154 141 128 132 144 129 90 148

143 157 163 155 108

133 144 145 144 108

112.8 86 .6

106. 84. 67. 99,

115. 106. 108, 74,

121 106, 110, 118, 97,

128, 134, 146, 127, 126,8 146.2 95.9

121.7

98.6 93,9 69.6 4 .7

1,094.0

15,864

3,195 808

1,003 479

1,114 3,939 1,078 1,649

15,740 5,466 10,274

December

147 149 167 145 183 141 176 223 173

120 117 158 144 130 140 145 131 80 154

141 154 177 137 110

141 154 168 143 113

116.3 88 .9

102.6 88 .8 71.7

103.1 115.4 112.6 105.6 81 .5

124.7 108.3 114.0 121.2 99.2

121.0 143.6 152.3 131.3 128.0 147.9 95.6

123.6

r 6 3 . 6 62 .9 44.6

.7

1,020.0

19,532

3,122 1,194

1,694 632

1,201 4,204 1,182 3,033

16,491 5,814

10,677

January

146 147 164 144 180 137 173 221 rl73

118 114

rl55 140

rl3l 141

rl47 130 80 154

rl37 r!48 174

rl28 rl 10

r!37 rl47 169

rl29 rl!4

116.9 89.3 100.7 89.5 73.9 104.3 115,8 112.5 105.6 84.8

125.2 108.7 116.3 121.9 98.4 121.3 143.9 152.2 132.0 128.6 145.0 95.8 124.0

65.0 62.2 44.2 2,8

1,010.0

14,889

1957

February

146 147 164 143 180 137

rl7l 223 rl74

r 117 rl!4 156

rl36 rl3l 141

r!45 r!3l 86

rJ52

r!42 155 178 137

rl 12

137 147 167 131 114

117.0 88 .8 96.1 87 .0 75 .0

r103 .9 115.9 112.5 105.9 83 .9

125.5 108.8 119.6

M 2 I . 9 98.0

120.7 rl44.5 M 5 I . 4 r132.7

128,5 r 143.9

95.7 124.1

65.0 62.5 45 .0

2 .5

910.0

r14,193

2,996 776

785 488

1,096 3,838 1,137 1,328 16,439 5,706 10,733

r2,948 r754

r694 r467

r1,055 r3,6!5 r1,067 r1,276 r16,494 r5,742 r10,753

p i l l

pl34 PI4Z p!5<

r/ Revised. o/ Preliminary, 1/ March 1957 fiaures are advance estimates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4 MONTHLY BUSINESS STATISTICS — Continued

ITEM February

1956

March December January

1957

February

EMPLOYMENT AND WAGES Labor force (Bureau of the Census)?

Civilian labor force o e s a o e e e so. 8# eofflaat,sa eoee<i>e thousands. Emp loyeds 9 e < . e s 6 e 9 S e 8 o e o s e s @ e a e e o e s s 9 f f l < s 9 S e e s e g e e « « 9 e e d o a s s

Agr i cu.l fur a S emp I oyment.,,.,..., ,, # #.... a....., #. doe.. Nonagr 1 cu I tur a! emp I oyment. .....«8 e. 8 s s.e 9..«e.,.do® s e

Unerrtp I oyed .8.*....oe.a.e90,S!.ee.s,.ee8.ei,<se<B«,9«,.ee.8 do« a . Employees in nonagrleu Itura I establishments!

Total * unadjusted (U. S 9 Department of Labor)@89.....do... Manufaetur i rig.•,,..,,,.,...,....,•.,,,.........•••,doe,, M i n i HCj » s © » 9 i s s o © © e 9 e « s s s e 9 8 6 o 0 s © o © o e © © « ® 3 ( ! > « > e « © e © e ® « ® O O o « ©

Contract construct Ion,..« e 6„ 9 e 8 e. 9« o 0 Oe S e® e e e*® aa O *do8,. Transportation and public utiSitles..••••••••••••••do... Wholesale and retail trade,8<)e8e....9868S>s>a.«eaea,8adoe<,e Finance, insurance, and real estate, •••••.«•••••'•, .do,.. Service and mlscelSaneous..«„...«.*«,,,..«,.••••••••••do,,, bo ver nmenT, 8.. © ® ... @.... ®. ®...,. ®. ®««, @»@ © @«a ® ®»<» ® G O &,©

Production workers In manufacturing industries?

DurabIe-goods sndustries,,,,.,.,,^,,,,,^,..,,.,,,,,do... Ordnance and accessories...8eoaa.88.8,...,,...„..do.e. Lumber and wood products (except furniture).e8a.edo08. Furniture and f ixtures,,*...... »8S88.............do... Stone, clay, and glass products«...*v...#.«.....ado.a# Primary metal industries,, ..«.«8.;.,9,»,,,ee.,e,.e9do.,. Fabricated metal products*»a«e..a.8<,s.eoa<seo..s.ado«»a8 Machinery (except electrical) , do„ e E Iectr icaI machIner y ........ a..«.9a.eo»0»...do8.8 Transportat i on equ s pment....a.,.,.,.,.,.....,....do,.. Instruments and related products......«,....88ae.doea8

Nondur ab le-goods i ndustr i es................9...... .do.. 8 Food and kindred products..8aa..... a9 .......do Tobacco manufactures,..... ••••••••.••••«•••doB9. Text!le-mi SI products,..•••••••••••••••••*«•«•••odo9a. Apparel and other finished textile products«a.9.ado,8. Paper and allied products,e8 • •••••, .•'-•«do«a. Printing, publishing, and allied products,,8......do... Chemicals and allied products. 8880 ,,,•••• ••••••,,do*,#-Products of petroleum and coal 99.«,„.....,,„ ee9...,do..e Rubber products• ,•••••••••.••••••••••••••• ;• ..do... Leather and leather products..,.. ••••••••••-•do...

Manufacturing production-worker indexes? Emp loymentt Unadjusted •.. • • • 1947-49= 100.

Adjusted ..,, aaa -., ado a ,. Payrolis, unadjusted, » ,.,... , ,do...

Hours and earnings: Average weekly hours per worker, ail manufacturing,,hours.

Durab Ie-goods industries , , •, a. a e a do... Nondur ab le-goods I ndustr ies ••••••• do..,

Average weekly earnings, all manufacturing,.a8a8..doi lars, Durab I e-goods i ndustr ies ,., do,.. Nondur ab I e-goods I ndustr ies. do,.,

Average hourly earnings, ail manufacturing,,,,,,,.,,,do,.. Durab I e-goods i ndustr ies ,•# a do,8, Nondur ab I e-goods i ndu str ies,... «... ,,,a do.„,

65,490 62,576 5,469 57,107 2,914

50,246 16,824

780 2,588 4,083 10,819 2,250 5,818 7,084

13,212 7,692

86 635 322 466

1,138 899

1,274 849

1,392 231

5,520 1,013

90 989

1,131 456 540 558 170 225 350

106.8 107.2 157.7

40.5 41.0 39.8 78.17 84,05 69.65 1.93 2.05 1.75

65,913 63,078 5,678 57,400 2,834

50,499 16,764

783 2,669 4,106 10,93! 2,265 5,859 7,122

13,125 7,621

84 619 318 472

1,130 893

1,281 842

1,354 231

5,504 1,021

82 981

1,116 457 545 566 172 221 344

106.1 106.4 157,9

40.4 40.9 39.6 78.78 84,25 70.49 1.95 2,06 1.78

67,029 64,550 5,110 59,440 2,479

53,131 17,133

811 3,029 4,180 12,092 2,308 5,976 7,602

13,312 7,791

83 607 318 473

1,133 909

1,289 907

1,439 236

5,521 1,082

98 942

1,088 470 566 552 173 222 329

107.6 107,2 170.9

41.0 41.9 39.8

84,05 91,34 74,03 2.05 2,18 1.86

1/65,821 1/62,578 1/4,935 1/57,643 1/3,244

r51,238 r16,937

-r804 r2,7!9 r4, 112

rll,l39 r2,294 5,918 r7,3!5

rl3,M7 r7,703

81 r573 r3t0 r46l

rl,l30 r906

r1,299 r892

r1,440 r234

r5,4!4 r1,027

r92 r929

r1,071 465 557 553

r!70 222 r327

r106.0 106.8

r!65«f

r40.2 r40.9 r39e2 r82.4l r89.!6 r72.9l 2,05 r2,!8 1.86

1/66,311 1/63,S90 1/5,195 1/57,996 "1/3,121

r5l,l99 r!6,922

r805 r2,724 4,103

rIS,062 r2,305 5,929 r7,349

r13,084 r7,680

r79 569

r3IO r458

rl,l20 r903

r1,308 r883

r1,439 r233

r5,404 r 1,005

88 r925

rl,090 r462 r557 r555 rS72 r289 r33i

r105.8 106.2

r!64e7

40.2 40«9 r39.3 82.41 r88.75 r73.10 2,05 r2.!7 1,86

rj Revised. j>/ Preliminary. ±/ Estimates beginning January 1957 reflect certain changes made In the definitions for employment and un­employment, etc. Figures for March 1957, comparable with data through December 1956, in order as above (thous.)i 66,749; 64,049; 5,442; 58,607; 2,700.

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OFFICIAL BUSINESS

FIRST CLASS

WEEKLY SUPPLEMENT

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