erp1981 appendixes 2

Appendix B

STATISTICAL TABLES RELATING TO INCOME,EMPLOYMENT, AND PRODUCTION

227Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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

CONTENTS

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross national product, 1929-80 233B-2. Gross national product in 1972 dollars, 1929-80 234B-3. Implicit price deflators for gross national product, 1929-80 236B-4. Fixed-weighted price indexes for gross national product 1972

weights, 1959-80 238B-5. Implicit price deflators and alternative price measures for gross na-

tional product and gross domestic product, 1929-80 239B-6. Gross national product by major type of product, 1929-80 240B-7. Gross national product by major type of product in 1972 dollars,

1929-80 : 241B-8. Gross national product: Receipts and expenditures by major eco-

nomic groups, 1929-80 242B-9. Gross national product by sector, 1929-80 244B-10. Gross national product by sector in 1972 dollars, 1929-80 245B-ll. Gross domestic product of nonfinancial corporate business, 1929-

80 ; 246B-12. Output, costs, and profits of nonfinancial corporate business,

1948-80 247B-13. Personal consumption expenditures, 1929-80 248B-14. Gross private domestic investment, 1929-80 249B-15. Inventories and final sales of business, 1946-80 250B-16. Inventories and final sales of business in 1972 dollars, 1947-80 251B-17. Relation of gross national product and national income, 1929-80 ... 252B-18. Relation of national income and personal income, 1929-80 253B-19. National income by type of income, 1929-80 254B-20. Sources of personal income, 1929-80 256B-21. Disposition of personal income, 1929-80 258B-22. Total and per capital disposable personal income and personal

consumption expenditures in current and 1972 dollars, 1929-80. 259B-23. Gross saving and investment, 1929-80 260B-24. Saving by individuals, 1946-80 261B-25. Money income (in 1979 dollars) and poverty status of families and

unrelated individuals by race of householder, 1952-79 262POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:

B-26. Population by age groups, 1929-80 263B-27. Noninstitutional population and the labor force, 1929-80 264B-28. Civilian employment and unemployment by sex and age, 1947-80.. 266B-29. Selected employment and unemployment data, 1948-80 267B-30. Civilian labor force participation rate by demographic characteris-

tic, 1954-80 , 268B-31, Unemployment rate by demographic characteristic, 1948-80 269B-32. Unemployment by duration, 1947-80.. 270B-33. Unemployment by reason, 1967-80 271


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY—ConfdPage

B-34. Unemployment insurance programs, selected data, 1946-80 272B-35. Wage and salary workers in nonagricultural establishments, 1929-

80 273B-36. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-80 274B-37. Average weekly earnings in selected private nonagricultural indus-

tries, 1947-80 275B-38. Productivity and related data, private business sector, 1947-80 276B-39. Changes in productivity and related data, private business sector,

1948-80 277PRODUCTION AND BUSINESS ACTIVITY:

B-40. Industrial production indexes, major industry divisions, 1929-80.... 278B-41. Industrial production indexes, market groupings, 1947-80 279B-42. Industrial production indexes, selected manufactures, 1947-80 280B-43. Capacity utilization rate in manufacturing, 1948-80 281B-44. New construction activity, 1929-80 282B-45. New housing units started and authorized, 1959-80 284B-46. Nonfarm business expenditures for new plant and equipment,

1947-81 285B-47. Sales and inventories in manufacturing and trade, 1947-80 286B-48. Manufacturers' shipments and inventories, 1947-80 287B-49. Manufacturers' new and unfilled orders, 1947-80 288

PRICES:B-50. Consumer price indexes, major expenditure classes, 1929-80 289B-51. Consumer price indexes, selected expenditure classes, 1939-80 290B-52. Consumer price indexes by commodity and service groups, 1939-

80 \ 292B-53. Changes in consumer price indexes, major groups, 1948-80 293B-54. Changes in special consumer price indexes, 1958-80 294B-55. Producer price indexes by stage of processing, 1947-80 295B-56. Producer price indexes by stage of processing, special groups,

1974-80 297B-57. Producer price indexes by major commodity groups, 1940-80 .'.. 298B-58. Changes in producer price indexes for finished goods, 1948-80 300

MONEY STOCK, CREDIT, AND FINANCE:B-59. Money stock measures and liquid assets, 1959-80. 301B-60. Components of money stock measures and liquid assets, 1959-80... 302B-61. Commercial bank loans and investments, 1939-80 303B-62. Total funds raised in credit markets by nonfinancial sectors, 1972-

80 304B-63. Federal Reserve Bank credit and member bank reserves, 1929-80... 306B-64. Aggregate reserves and member bank deposits, 1959-80 307B-65. Bond yields and interest rates, 1929-80 308B-66. Consumer credit outstanding and net change, 1950-80 310B-67. Consumer installment credit extended and liquidated, 1950-80 3UB-68. Mortgage debt outstanding by type of property and of financing,

1939-80 312B-69. Mortgage debt outstanding by holder, 1939-80 313

GOVERNMENT FINANCE:B-70. Federal budget receipts, outlays, and debt, fiscal years 1971-82 314B-71. Federal budget receipts and outlays, fiscal years 1929-82 316


GOVERNMENT FINANCE'—ContinuedB-72. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the unified budget, Page1980-82 317

B-73. Government receipts and expenditures, national income and prod-uct accounts, 1929-80 318

B-74. Federal Government receipts and expenditures, national incomeand product accounts, 1958-82 319

B-75. State and local government receipts and expenditures, nationalincome and product accounts, 1946-80 320

B-76. State and local government revenues and expenditures, selectedfiscal years, 1927-79 , 321

B-77. Interest-bearing public debt securities by kind of obligation, 1967-80 322

B-78. Estimated ownership of public debt securities, 1967-80 323B-79. Average length and maturity distribution of marketable interest-

bearing public debt securities held by private investors, 1967-80. 324

CORPORATE PROFITS AND FINANCE:B-80. Corporate profits with inventory valuation and capital consumption

adjustments, 1946-80 325B-81. Corporate profits by industry, 1929-80 326B-82. Corporate profits of manufacturing industries, 1929-80 327B-83. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1950-80 328B-84, Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-80 329B-85. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, by industry group, 1979-80 330B-86. Determinants of business fixed investment, 1955-80 331B-87. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1946-80 ; 332B-88. Current assets and liabilities of U.S. corporations, 1939-80 333B-89. State and municipal and corporate securities offered, 1934-80 334B-90. Common stock prices and yields, 1949-80 335B-91. Business formation and business failures, 1929-80 336

AGRICULTURE:B-92. Farm income, 1929-80 337B-93. Farm output and productivity indexes, 1929-80 338B-94. Farm input use, selected inputs, 1929-80 339B-95. Indexes of prices received and prices paid by farmers, 1940-80 340B-96. U.S. exports and imports of agricultural commodities, 1940-80 341B-97. Balance sheet of the farming sector, 1929-81 342

INTERNATIONAL STATISTICS:B-98. Exchange rates, 1973-80 343B-99. U.S. international transactions, 1946-80 344B-100. U.S. merchandise exports and imports by principal end-use catego-

ry, 1965-80 346B-101. U.S. merchandise exports and imports by area, 1973-80 347B-102. U.S. merchandise exports and imports by commodity groups,

1958-80 348B-103. International investment position of the United States at year-end,

selected years, 1970-79 349B-104. World trade: Exports and imports, 1965, 1970, 1975, and 1977-80 350


INTERNATIONAL STATISTICS—ContinuedB-105. World trade balance and current account balances, 1965, 1970, Page

1975, and 1977-80 351B-106. International reserves, selected years, 1952-80 352B-107. Growth rates in real gross national product, 1960-80 353B-108. Industrial production and unemployment rate, major industrial

countries, 1960-80 354B-I09. Consumer prices and hourly compensation, major industrial coun-

tries, 1960-80 355B-110. Summary of major U.S. Government net foreign assistance, July 1,

1945 to December 31, 1979 356

General Notes

Detail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.Symbols used:

p Preliminary.--Not available (also, not applicable).

Note.—Data for the national income and product accounts series appear-ing in this appendix reflect benchmark revisions by the Department ofCommerce, Bureau of Economic Analysis. See Survey of Current Business fordetails.


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross national product, 1929-80

[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1929

1933

1939

1940 . . .19411942194319441945. . .1946194719481949 . .

195019511952195319541955195619571958 . ..1959

19601961 . .1962196319641965 .19661967 .1968 .1969 . . .

197019711972197319741975.19761977 .19781979 . . . .

1980 p

1978:IIIIII....IV

1979:1IIIIIIV

1980:1IIIII.... .. . .

Grossnationalproduct

103,4

55,8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.02,156.12,4119

2,627.4

2,032.42,129.62,190.52,271.9

2 340 62 374 62,444.12,496.3

2 57172,564.82,637.3

Personalcon:

sumptionexpendi-

tures •

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,205.51,348.71,510.9

1,670.1

1,278.31,330.11,369.91,416.6

1,454.11478 01,529.11,582.3

163101,626.81,682.2

Grossprivate

domesticinvest-ment

16.2

1.4

9.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8

395.1

350 7377.7380 4392.6

408.3423 2421.7410.0

415 6390^9377.1

Net exports of goods andservices

Netexports

1.1

A

1.2

1.81.5.2

- 1 . 9- 1 . 7- .57.8

11.96.96.5

2.24.43.21.32.53.05.37.33.31.4

5.56.66.47.6

10.18.86.56.34.34.2

6.74.1

.714.213.426.813.8

- 4 . 2- . 613.4

27.5

-12 .3- 3 . 3

1.911.4

19 982

17.97.6

8217.144.5

Exports

7.0

2.4

4.6

5.46.15.04.65.57.4

15.120.217.516.3

14.419.719.118.018.721.025.028.124.224.8

28.929.931.834.238.841.144.647.352.457.5

65.768.877.5

109.6146.2154.9170.9183.3219.8281.3

341.2

195.9214.8225.3243.5

259.1266 8293.1306.3

337 3333.3342.4

Imports

5.9

2.0

3.4

3.64.74.86.57.27.97.38.3

10.59.8

12.215.315.916.716.218.019.820.821.023.4

23.423.325.426.628.832.338.141.048.153.3

59.064.776.795.4

132.8128.1157.1187.5220.4267.9

313.6

208.2218.1223 3232.0

239 2258 62752298.7

329 1316.2297.9

Government purchases of goods andservices

Total

8.8

8.2

13.5

14.224.959.888.997.082.827.525.532.038.4

38.560.175.682.575.875.079.487.195.097.6

100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8

220.1234.9253.1270.4304.1339.9362.1394.5432.6473.8

534.8

415.7425.1438 3451.3

458.24651475.4496.4

516 8530.0533.5

Total

1.4

2.1

5.2

6.116.952.081.389.474.617.612.716.720.4

18.738.352.457.547.944.545.950.053.953.9

53.757.463.764.665.267.378.890.998.097.6

95.796.2

101.7102.0111.0122.7129.2143.9153.4167.9

198.9

149.5149.1154.1160.7

164.8163 6165.1178.1

190 0198.7194.9

Federal

Nationaldefense

1.2

2.213.749.479.787.473.514.89.0

10.713.2

14.033.545.848.641.138.440.244.045.645.6

44.547.051.150.349.049.460.371.576.976.3

73.670.273.172.877.083.086.093.3

100.0111.2

132.0

96.598.4

100.9104.0

106.01081112.0118.7

125 0128.7131.4

Non-defense

3.9

3.93.22.61.62.01.12.83.76.07.2

4.74.86.58.96.86.05.75.98.38.3

9.310.412.714.316.217.818.519.521.221.2

22.226.028.529.133.939.743.250.653.456.7

66.9

53.150.753.256.7

58.855 553.159.4

64 970.063.5

Stateandlocal

7.4

6.1

8.3

8.18.07.87.57.68.29.9

12.815.318.0

19.821.823.225.027.830.633.537.141.143.7

46.550.854.359.064.671.179.889.3

101.0111.2

124.4138.7151.4168.5193.1217.2232.9250.6279.2305.9

335.9

266.2276.0284.2290.6

293.4301.6"310.4318.3

326 8331.3338.6

Percentchange

frompreced-

ingperiod,gross

nationalproduct1

- 4 . 2

7.0

10.025.026.721.39.6.9

-1 .211.111.3- .5

10.915.55.25.4.0

9.05.45.31.38.5

3.83.67.75.66.98.49.45.89.28.1

5.28.6

10.111.88.18.0

10.911.612.412.0

8.8

9.120.511.915.7

12.759

12.28.8

12 6- 1 . 111.8

1 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-2.—Gross national product in 1972 dollars, 1929-80

[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1929 "

1933

1939 .

1940..1941 . . .1942. . .19431944.. . . .19451946194719481949..

19501951 . . .19521953195419551956 . . . .1957 ..19581959

1960. .1961.. . .196219631 9 6 4 . . . .1965 . . .1966196719681969

19701971197219731974 . . . .19751976197719781979.. ..

1980 »

1978:Iii '.;...II!IV

1979.1IIIIIIV . . . .

19801II . .Ill


315.7

222.1

319.8

344.1400.4461.7531.6569.1560.4478 3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683 8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,255.01,248.01,233.91,300.41,371.71,436.91,483.0

1480 7

1,402.31,432.81,446.71,465.8

1,479.91,473.41,488.21,490.6

1,501.91,463.31,471.9

Personal consumption expenditures

Total

215.1

170.5

219.8

229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672,1696.8737.1768.5763.6780.2823.7863.9904.8930.9

933 0

884.1900.6911.2923.4

925.5922.8933.4941.6

943.4919.3930.8

Durablegoods

20.9

10.7

18.6

21.224.215.714.013.014.425.430.132.535.5

42.639.138.042.142.551.148.848.645.350.7

51.449.354.759.764.872.678.479.588.391.8

89.198.2

111.1121.3112.3112.7126.6138.4146.3146.6

134 8

139.5148.1147.0150.7

149.6144.2146.7146.0

145.4126.2132.6

Non-durablegoods

98.1

82.9

115.1

119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4

161.8165.3171.2175.7177.0185.4191.6194 9196.8205.0

208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3

283.7288.7300.6308.0303.3308.2322.5334.0345.7354,6

357 5

339.8342.4347.2353.5

351.1350.6355.4361.3

361.5356.6354.9

Services

96.1

76.9

86.1

88.891.895.5

100.2102.8106.3116.7120.9124.7126.5

132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8

192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8

299.3309.9325.3339.2348.0359.3374.7391.5412.8429.6

440 7

404.8410.1417.1419.2

424.8428.0431.3434.3

436.5436.5443.3

Gross private domestic investment

Total

55.8

8.4

33.6

44.555.829.518.119.727.770.970.082.165.4

93.593.983.085.383.1

103.8102.697 087.5

108.0

104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4

158.5173.9195.0217.5195.5154.8184.5213.5229.7232.6

204 0

224.9232.9229.3231.8

237.7238.7232.6221.5

218.3200.5195.3

Fixed investment

Total

51.2

13.2

32.0

38.343.824.318.022.031.458.770.276.669.8

83.080.278.783.885.396.196.895 589.3

100.9

101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4

154.8165.8184.8200.4183.9161.5176.7201.2215.8222.5

205 2

207.2216.9217.8221.3

222.3220.4225.0222.2

219.2199.2200.2

Npnresidential

Total

37.5

10.4

20.9

25.830.417.614.018.727.642.148.951.146.0

50.052.952.156.355.461.365.466.259.363.6

66.966.772.075.182.797.4

108.0105.6109.5116.8

113.8112.2121.0138.1135.7119.3125.6140.6153.41G3.3

157 7

145.7153.5155.0159.4

161.4161.3166.4164.1

165.0156.1155.5

Structures

21.1

5.0

8.7

10.012.06.84.25.58.3

18.917.418.417.9

19.220.720.622.623.625.428.328426.827.4

29.530.231.631.934.440.643.442.042.845.0

43.942.844.147.443.638.339.540.544.648.5

48 0

42.144.745.346.3

45.848.049.450.7

50.548.746.8

Producers'durable

equipment

16.4

5.5

12.1

15,818.510.99.8

13.219.223.231.532.628.1

30.832.231.533.731.835.937.037.832.536.2

37.436.540.443.148.356.864.563.666.871.8

69.969.376.990.792.181,186.1

100.0108.8114.8

109 7

103.6108.9109.7113.1

115.6113.2117.0113.5

114.5107.4108.8

See next page for continuation of table.


TABLE B-2.—Gross national product in 1972 dollars, 1929-80—Continued


Year or

quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980 *.

1 9 7 8 :

IIIllIV

1979:1. . .III l lIV. ...

1980:

11"..".."."""..'Ill

Gross private domestic investment—continued

Fixed investment—continued

Residential

Total

13.7

2.B

11.1

12.513.36.74.03.43.8

16.621.325.623.8

33.027.326.627.529.934.831.529.230.037.4

34.234.337.742.543.142.738.237.143.143.6

41.053.763.862.348.242.251.260.662.459.1

47.5

61.563.362.861.9

60.859.158.658.1

54.243.144.7

Nonfarmstruc-tures

. 13.0

2.5

10.4

11.612.36.03.53.03.4

15.319.723.822.1

31.325.725.126.128.533.530.027.828.635.9

32.932.836.340.941.541.236.635.441.341.7

39.251.661.559.945.339.848.757.859.556.2

44.6

58 560.659.858.8

58.156.355.554.9

51.240.341.9

Farmstruc-tures

0.6

.2

.6

.8

.9

.6

.4

.4

.31.11.31.51.4

1.31.31.21.21.1.9

1.01.0.9

1.0

.81.0.9.9.9.8.9.9.8.9

.6

.7

.7

.61.1.8.8

1.01.0.9

.9

1.1.8

1.11.0

.8

.8

.91.1

1.0.8.7

Pro-ducers'durableequip-ment

0.1

.1

.1

.1

.2

.1

.0

.0

.1

.2

.3

.3

.3

.3

.3

.3

.3

.3

.4

.4

.4

.5:6

.5

.5

.6

.6

.7

.7

.8

.8

.91.1

1.11.31.51.71.71.61.71.81.92.0

2.0

1.91.91.92.0

2.02.02.12.1

2.12.02.0

Changein

businessinven-tories

4.6

- 4 . 9

1.6

6.212.05.2.1

- 2 . 3- 3 . 612.2- .25.5

- 4 . 4

10.613.74.31.5

- 2 . 27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

12.314.010.2

- 1 . 2

17.716.011.510.6

15.418.47.6

- .7

- .91.3

- 5 . 0

Net exports of goods and

Netexports

3.7

.4

3.4

4.43.2

- .6- 5 . 9- 6 . 2-3 .713.218.910.810.7

5.910.17.94.86.97.3

10.111.85.62.7

7.78.57.59.4

12.810.16.55.41.9.9

3.91.6.7

15.527.832.225.421.924.637.7

53.8

18.723.026.130.5

36.031.641.142.2

50.151.757.6

services

Exports

16.7

9.1

14.3

; I5t516.411.49.8

10.513.827.332.226.325.8

23.628.627.926.627.830.735.338.033.233.8

38.439.341.844.850.351.754.456.761.265.0

70.571.077.597.3

108.5103.6110.1113.2127.5146.9

161.9

118.3125.4129.8136.6

141.1140.5151.3154.8

165.9160.5160.5

Imports

12.9

8.6

10.9

11.113.212.015.716.817.514.013.315.515.2

17.718.520.021.820.923.425.226.127.631.1

30.730.934.335.437.541.647.951.359.364.1

66.669.376.781.880.7.71.484.791.3

103.0109.2

108.2

99.5102.4103.7106.2

105.1108.8110.2112.6

115.8108.9102.8

Government purchases ofgoods and services

Total

41.0

42.9

63.0

65.397.8

191.6271.3300.4265.4

93.175.784.796.8

98.1133.7159.8170.1156.0152.3153.5161.2169.9170.6

172.8182.9193.2197.6202.6209.8229.7248.5260.2257.4

251.1250.1253.1253.5261.2266.7266.8272.3277.8281.8

289.9

274.6276.3280.0280.1

280.6280.3281.1285.3

290.1291.9288.2

Federal

7.0

10.9

22.8

26.761.0

157.4239.6269.7233.7

58.236.342.849.2

47.382.2

107.2114.796.188.286.890.693.491.4

90.495.3

102.8101.8100.2100.3112.6125.1128.1121.8

110.6103.7101.795.996.697.496.8

100.799.8

101.7

108.3

99.498.0

100.8101.0

102.9100.899.9

103.1

107.6110.7106.9

Stateandlocal

33.9

32.0

40.3

38.636.834.331.730.731.734.939.441.947.5

50.851.552.755.359.964.166.770.676.579.2

82.487.590.495.8

102.4109.5117.1123.4132.1135.6

140.5146.4151.4157.6164.5169.3170.0171.6178.0180.1

181.7

175.3178.3179.2179.2

177.7179.4181.2182.2

182.5181.2181.3

Percentchange

frompreced-

ingperiod,gross

nationalproduct1

- 2 . 2

7.8

7.616.315.315.17.1

- 1 . 5-14.7- 1 . 7

4.1.5

8.78.33.73.8

- 1 . 26.72.11.8

- .46.0

2.22.65.84.05.36.06.02.74.62.8

- . 23.45.75.8

= .6-1 .1

5.45.54.83.2

= .2

3.29.03.95,4

3.9-1 .7

4.1.6

3.1- 9 . 9

2.4

1 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-3.—Implicit price deflators for gross national product, 1929-80

[Index numbers, 1972-100, except as noted; quarterly data seasonally adjusted]

Year or quarterGross

nationalproduct1


Total Durablegoods

Nondurablegoods Services

Gross private domestic investment *

Fixed investment

Total

Presidential

Total StructuresProducers'durable

equipment

1929

1933

1939

1940....1941. .1942. ..19431944 ..19451946194719481949

1950195119521953. . ..195419551956195719581959

1960. .19611962196319641965. ...1966...196719681969...

197019711972197319741975 ."." *.'"..'".....' '""'.19761977... . '.'19781979

1980 ".

1978:

n"Z '.'.....HIIV

1979:IIIIIIIV

1980:Ij |lit

32,76

25.13

28.43

29.0631.2334.3236.1437.0137.9143.8849.5552.9852.49

53.5657.0957.9258.8259.5560.8462.7964.9366.0467.60

68.7069.3370.6171.6772.7774.3676.7679.0682.5486.79

91.4596.01100.00105.69114.92125.56132.11139.83150.05162.77

177.45

144.93148.63151.42154.99

158.16161.17164.23167.47

171.23175.28179.18

35.9

26.9

30.5

30.933.236.740.142.444.147.852.956.055.8

56.960.662.063.263.764.465.667.869.270.6

71.972.673.774.875.977.279.481.484.688.4

92.596.5

100.0105.7116.3125.2131.6139.5149.1162.3

179.0

144.6147.7150.3153.4

157.1160.2163.8168.0

172.9177.0180.7

44.2

32.5

35.9

36.740.043.746.751.355.562.167.870.370.5

72.276.376.777.275.075.677.780.981.383.8

83.884.385.486.287.186.886.788.291.193.3

95.799.0

100.0101.7108.2117.3123.9129.2136.2144.8

156.0

132.6135.1137.4139.4

142.0143.9145.4148.0

151.9154.1157.5

38.4

26.8

30.5

30.933.639.143.746.247.852.158.762.360.3

60.765.866.566.366.666.367.369.471.071.4

72.673.373.974.975.877.380.181.985.3

93.696.6

100.0108.3123.1132.1137.0143.4153.2169.8

188.6

148.3152.0154.5157.9

162.9167.3172.1176.9

182.9186.2190.0

31.6

26.1

29.2

29.530.832.434.236.137.338.841.744.446.0

47.449.952.655.457.258.460.162.264.166.0

67.969.070.471.772.774.276.478.781.986.0

90.595.6

100.0104.7113.0121.6129.6139.9150.1162.1

178.2

145.6148.6151.4154.6

157.7159.9163.3167.4

171.6176.0180.3

28.3

22.4

27.7

28.530.733.535.737.037.241.349.053.754.9

56.760.962.363.163.665.068.571.171.071.8

72.171.872.272.372.974.076.378.882.287.0

91.195.7

100.0105.5116.7131.9139.2149.7163.7179.1

194.5

157.2161.7165.9169.4

172.8177.0181.5184.9

188.5192.5196.4

28.3

22.9

28.2

29.131.033.935.936.836.740.046.951.553.0

54.559.160.161.261.762.967.371.070.972.2

72.572.072.573.173.874.776.979.582.886.7

91.396.2

100.0103.8115.4132.2138.6146.2157.7171.3

187.1

152.8155.9159.4162.3

165.5169.2173.4176.8

180.5185.7189.1

24.3

19.2

23.0

23.424.928.432.433.833.936.644.048.848.4

49.355.156.357.456.557.662.464.963.964.2

63.763.363.664.164.966.469.272.275.881.5

88.294.5

100.0107.7128.2144.8149.0159.4176.4198.6

225.2

166.8173.2179.5185.1

190.6194.0201.4207.4

214.3222.4229.5

33.4

26.2

32.0

32.834.937.337.338.037.942.848.653.056.0

57.861.762.663.865.566.671.175.576.678.3

79.479.379.479.780.180.682.184.387.289.9

93.297,2

100.0101.8109.3126.2133.9140.9150.1159.7

170.4

147.1148.9151.2153.0

155.6158.7161.5163.2

165.6169.0171.7



TABLE B-3.—Implicit price deflators for gross national product, 1929-80—Continued

[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]

Yea* or quarter

Gross private domesticinvestmentl—continued

Fixed investment—continued

Residential

TotalNon-farmstruc-tures

Farmstruc-tures


Exports andimports ofgoods andservices1

Exports Imports

Government purchasesof goods and services

Total FederalStateandlocal

Grossdomesticproduct

Percent changefrom preceding

period2

Grossnationalproductimplicit

pricedeflator

Grossdomesticproductimplicit

pricedeflator

1929

1933

1939

19401941194219431944 .19451946194719481949

1950195119521953195419551956195719581959

1960196119621963 .. .196419651966196719681969

1970...19711972....1973. .19741975 .19761977 ...1978,1979

1980 *.

1978:IIt....III .IV

1979:I . .I I . . .IllIV ..

1980:IIt .III...

28.2

20.7

26.6

27.430.032.434.938.140.844.653.758.158.7

60.064.466.466.967.168.771.071.471.271.1

71.471.371.570.971.272.374.677.080.787.7

90.594.8

100.0109.1120.3131.0140.7158.0178.3200.5

219.1

167.8175.7181.8187.9

191.9198.4204.6207.7

212.6217.4221.9

27.8

19.8

26.3

27.229.731.834.337.340.043.953.057.558.1

59.563.865.866.366.668.270.570.970.770.6

70.970.971.170.570.872.074.376.780.587.5

90.394.7

100.0109.4120.8131.6141.3159.0179.8202.7

222.2

169.0177.1183.3189.6

193.7200.4207.0210.1

215.2220.7225.2

28.6

19,5

23.4

23.626.630.735.740.842.946.652.857.358.0

59.463.765.766.266.568.370.670.970.870.7

71.170.771.270.670.972.274.276.780.687.5

90.695.0

100.0109.2120.5131.9140.7157.2179.0202.0

220.0

168.7176.0182.5188.3

192.1199.7205.5207.7

213.6219.4223.1

77.2

58.8

61.1

59.663.871.371.475.084.695.2

105.6111.5107.9

107.4114.9114.6114.2112.4109.1104.3103.4101.9101.8

100.899.096.895.394.392.190.891.093.595.7

97.899.3

100.0100.6106.8116.9122.7126.6132.7140.3

149.5

129.5131.6133.7135.9

138.4139.7140.5142.4

145.5148.5151.0

42.2

26.5

32.1

34.937.343.646.851.953.655.462.866.563.1

61.068.868.667.567.268.571.074.073.173.5

75.276.176.076.377.279.481.983.585.588.5

93.297.0

100.0112.7134.7149.6155.2161.9172.4191.5

210.7

165.6171.3173.5178.2

183.7189.9193.7197.9

203.4207.6213.4

45.5

23.6

31.0

32.835.440.041.342.744.951.862.367.864.6

68.882.679.976.777.277.178.479.676.175.2

76.175.574.275.276.877.779.479.981.183.2

88.693.3

100.0116.7164.6179.5185.5205.4214.0245.4

289.9

209.1212.9215.3218.5

227.7237.6249.8265.2

284.2290.4289.7

21.5

19.2

21.4

21,725.531.232.832.331.229.633.637.739.7

39.245.047.348.548.649.251.754.055.957.2

58.059.161.162.664.1

. 66.069.172.576.581.1

87.793.9

100.0106.7116.4127.5135.7144.8155.7168.1

184.4

151.4153.8156.5161.1

163.3166.0169.2174.0

178.1181.6185.1

20.5

19.4

22.7

22.727.833.034.033.131.930.235.039.041.4

39.646.648.950.149.950.452.955.157.759.0

59.460.262.063.565.167.170.072.776.580.1

86.692.7

100.0106.3114.9126.0133.5142.9153.7165.1

183.7

150.5152.1152.9159.2

160.1162.2165.2172.8

176.5179.5182.4

21.8

19.1

20.7

20.921.722.823.724.825.828.532.436.437.8

38.942.344.145.246.5.47.650.252.653.855.1

56.558.060.161.663.164.968.272.476.482.0

88.694.7

100.0106.9117.4128.3137.0146.0156.9169.8

184.9

151.9154.8158.6162.2

165.1168.1171.3174.7

179.1182.8186.7

32.8

25.1

28.4

29.131.234.336.137.037.943.949.553.052.5

53.657.157.958.859.560.862.864.966.067.6

68.769.370.671.772.874.476.879.182.586.8

91.496.0

100.0105.7114.9125.6132.1139.8150.1162.8

177.5

144.9148.6151.4155.0

158.2161.2164.3167.5

171.3175.3179.2

- 2 . 1

2.27.59.95.32.42.4

15.712.96.9

- . 9

2.16.61.41.61.22.23.23.41.72.4

1.6.9

1.81.51.52.23.23.04.45.1

5.45.04.25.78.79.35.25.87.38.5

9.0

5.810.67.79.8

8.47.87.88.1

9.39.89.2

1 Separate deflators are not available for gross private domestic investment, change in business inventories, and net exports ofgoods and services.2 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. Quarterly dataare at annual rates.

Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-4.—Fixed-weighted price indexes for gross national product 1972 weights, 1959-80

[Index numbers, 1972=100; quarterly data seasonally adjusted]

Years or quarterGross

nationalproduct

Personalcon-

sumptionexpendi-

tures

Gross private domesticinvestment1

Fixed investment

Total Nonresi-dential

Residen-tial

Exports andimports ofgoods andservices1

Ex-ports

Im-ports

Government

Total Feder- Stateandlocal

Grossdomes-

ticproduct

1959

19601961... .1962...1963...1964

1965... .19661967....1968...1969

1970...1971...1972...1973...1974...

1975...1976...1977...1978...1979...

1980 »

1978:

III!III....IV....

1979:IIIIllIV

1980:I

69.1

70.271.072.072.873.7

75.077.279.583.087.2

91.796.1

100.0105.8115.6

126.0133.1141.6152.3166,3

182.0

147.1150.6153.7157.6

161.1164.4167.9171.9

175.9179.8183.8

72.1

73.374.074.875.776.6

77.779.781.684.888.5

92.696.5

100.0105.8116.8

125.8132.4140.6150.6164.8

182.8

145.8149.3152.0155.3

159.1162.5166.6171.1

176.4180.5184.7

74.3

74.574.474,274.074,3

75.277.079.382.587.3

91.295.8

100.0105.8117.9

132.3140.2151.8167.1185.0

204.0

159.7164.8169.5173.9

177.8182.8187.9191.7

196.7202.4207.1

73.9

74.474.374,374.775.2

76.177.980.383.387,0

91.696.3

100.0104.0116.5

132.9139.9148.5161.1176.7

195.6

155.4159.1163.0166.5

170.3174.4178.8183.0

188.0193.9198.6

74.9

74.974.773.972.672.6

73.575.377.581.087.8

90.694.9

100.0109.2120.5

131.2140.8158.0178.3200.9

220.0

167.9175.7181.7188.0

192.1198.6205.1208.1

213.2218.4223.1

73.8

75.476.476,376.677.4

79.782.183.485.488.4

93.196.9

100.1112.6137.4

151.7156.9164.1174.8196.8

216.8

168.5172.9175.6181.4

188.1195.5199.5203.4

210.0213.1218.9

75.0

76.175.473.874.776.4

77.178.879.380.783.0

88.493.3

100.0116.6161.2

174.5178.6194.6209.6243.3

300.0

203.5208.1211.3215.3

224.7234.8249.5265.3

287.9296.9305.8

56.8

58.259.461.262.764.3

66.169.172.376.481.3

87.994.0

100.0106.8117.2

128.2136.2145.5156.4170.4

188.2

151.7154.1157.5162.1

165.1167.7171.7177.5

182.1185.9189.7

56,8

59.660.561.763.365.3

67.269.771.675.779.8

86.793.0

100.0106.6116.6

127.4134,8144.6154,2168.0

188.9

150.7152.1154.5159,8

162.0164.1169.0178.1

182.8186.0189.4

58.5

57.258.760.862.363.7

65:468.672.976.982.3

88.794.8

100.0106.9117.7

128.8137.2146.1157.8172.0

187.8

152.4155.4159.5163.6

167.1170.2173.5177.0

181.7185.8189.9

69.1

70,371.172.072.873.7

75.077.279.583.087.2

91.796.1

100.0105.8115.6

126.0133.2141.6152.3166.4

182.1

147.1150.6153.8157.6

161.1164.5168.0171.9

176.0179.9183,9

1 Separate deflators are not available for gross private domestic investment, change in business inventories, and net exports of goodsand services.

Note.—Data are preliminary and subject to further revision.



TABLE B-5.—Implicit price deflators and alternative price measures for gross national product and gross

domestic product, 1929-80

[Quarterly data seasonally adjusted]

Year or quarter

1929

1933

1939

194019411942 ..1943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969 . ...

197019711972197319741975 ... . .. ..1976197719781979

1980"

1978:|

IIIIV . ...

1979:

UIllIV

1980:1IIIII

Index numbers, 1972=100

Gross nationalproduct

Implicitprice

deflator

32.76

25.13

28.43

29,0631.2334.3236.1437 0137 9143.8849.5552.9852 49

53.5657.0957.9258 8259.5560 8462.7964.9366.0467.60

68.7069.3370.6171.6772.7774.3676.7679.0682.5486.79

91.4596.01

100.00105.69114.92125.56132.11139.83150.05162.77

177.45

144.93148.63151.42154.99

158.16161.17164.23167.47

171.23175.28179.18

Fixed-weighted

priceindex(1972

weights)

69.1

70.271.072.072.873.775.077.279.583.087.2

91.796.1

100.0105.8115.6126.0133.1141.6152.3166.3

182.0

147.1150.6153.7157.6

161.1164.4167.9171.9

175.9179.8183.8

Gross domesticproduct

Implicitprice

deflator

32.8

25.1

28.4

29.131.234.336.137.037 943.949 553.052 5

53.657.157.958.859.560.862.864.966.067.6

68.769,370.671.772.874.476.879.182.586.8

91.496.0

100.0105.7114.9125.6132.1139.8150.1162.8

177.5

144.9148.6151.4155.0

158.2161.2164.3167.5

171.3175.3179.2

Fixed-weighted

priceindex(1972

weights)

69.1

70.371.172.072.873.775.077.279.583.087.2

91.796.1

100.0105.8115.6126.0133.2141.6152.3166.4

182.1

147.1150.6153.8157.6

161.1164.5168.0171.9

176.0179.9183.9

Percent change from preceding periodl

Gross national product

Implicitprice

deflator

21

- 8

2.27.59.95.32.424

15.712 96.9

g

2.16.614161.2223.23.41.72.4

1.6.9

1.81.51.52.23.23.04.45.1

5.45.04.25.78.79.35.25.87.38.5

9.0

5.810.67.79.8

8.47.87.88.1

9.39.89.2

Fixed-weighted

priceindex(1972

weights)

1.61.11.31.21.21.83.03.04.25.1

5.24.84.05.89.39.05.76.37.69.2

9.5

5.99.88.7

10.4

9.18.58.99.7

9.89.19.2

Chainpriceindex

1.61.01.31.31.51.83.12.84.35.1

5.44.94.15.89.09.15.76.17.58.6

8.6

6.19.68.4

10.0

8.88.07.48.5

8.38.59.4

Gross domestic product

Implicitprice

deflator

- 2.1

- 8

2.27.59.9532.424

15.712.96.9

g

2.16.61.4161.22.2323.41.72.4

1.6.9

1.81.51.52.23.23.04.45.2

5.45.04.25.78.79.35.25.87.38.5

9.0

5.810.67.79.8

8.47.87.88.1

9.39.89.2

FixedAweighted

priceindex(1972

weights)

1.61.11.31.21.21.83.03.04.25.1

5.24.84.05.89.39.05.76.37.69.2

9.5

5.99.88.7

10.4

9.28.58.99.7

9.89.19.2

Chainpriceindex

1.61.01.31.31.41.83.12.84.35.1

5.44.94.15.89.09.15.76.27.58.7

8.6

6.29.68.4

10.0

8.88.07.48.5

8.28.59.4

1 Changes are based on unrounded data and therefore may differ slightly from those obtained from published indexes shown here.Quarterly percent change data are at annual rates.

Note.—Data for fixed-weighted and chain price indexes are preliminary and subject to revision in late January 1981.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-6.—Gross national product by major type of product, 1929-80

[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1929 . . .

1933

1939

1940194119421943194419451946.1947...19481949

195019511952 ,.,,195319541955 .. .1956 .. .1957 . .19581959 . ,

1960. ..,1961 . .1962. ..1963196419651966196719681969

19701971.197?19731974197519761977 ,. .19781979

1980 *

1978:1IIIllIV

1979:|III l lIV

1980:1||III


103.4

55.8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718,01,918.02,156.12,413.9

2,627.4

2,032.42,129.62,190.52,271.9

2 340 62,374.62,444.12,496.3

2,571.72,564 82,637.3

Finalsales

101.7

57.4

90.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366 3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01,175.71,307.91,420.11,556.11,706.21,897.02,133.92,396.4

2,631.3

2,007.52,102.62,171.42,254.2

2 316 22.34L52,430.82,497.1

2,569.12 557 42,653.3

Inven-tory

change

1.7

-1 .6

.4

2.24.51.8

= .6- 1 . 0-1 .0

6.4- .54.7

- 3 . 1

6.810.33.1.4

= 1.56.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

- 6 . 911.821.022.217.5

- 3 . 9

24.927.019.117.7

24 333*113.3— .8

2.574

-16.0

Total

Total

56.1

27.0

49.0

56.072.593.7

120.4132.3128.9125.3139.8154.4147.7

162.4189.5194.6203.1196.1214.5223.3232.3228.2248.5

254.2257.4278.5290.3309.8338.4375.0389.4421.3450.2

459.9485.3529.6604.1646.7694.0771.1852.6946.6

1,055.9

1,132.0

885.7938.9959.5

1,002.2

1038 6l]04L91,064.91,078.3

1,116.91 106 4\M%A

Finalsales

54.4

28.6

48.6

53.868.091.9

121.0133.3129.9118.9140.3149.7150.8

155.6179.2191.5202.7197.6208.5218.6231.0229.7242.9

251.3255.0272.2284.3304.2328.5360.9379.1413.4440.4

456.6477.7519.4585.6632.5700.9759.3831.6924.4

1,038.5

1,135.9

860.9911.9940.5984.5

1014 3l!00&81,051.61,079.1

1,114.41099 0l,U5A

Inven-tory

change

1.7

- 1 . 6

.4

2.24.51.8

-.6- 1 . 0- 1 . 0

6.4— 547

= 3.1

6.810.33.1

.4- 1 . 5

6.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

- 6 . 911.821.022.217.5

- 3 . 9

24.927.019.117.7

24 331113.3

3

2.574

— 16!o

Goods

Durable goods

Finalsales

16.1

5.4

12.4

15.423.834.554.258.550.131.844.448.050.0

56.266.472.577.873.981.485.991.384.490.8

93.392.7

102.9109.4118.9131.6147.0153.5167.9178.5

179.2187.1207.4237.6250.7279.4312.5353.9392.0439.7

463.8

359.0390.7399.4418.9

434 7426.4449.2448.4

468.2441 3464^9

Inven-tory

change

1.4

- .5

.3

1.23.11.0.0

= .6- 1 . 3

5.31.41.0

- 1 . 8

3.66.11.21.5

=2.53.42.1.5

- 2 . 83.1

1.6= .13.42.74.06.7

10.25.54.76.4

-=.12.87.2

13.112.0

= 8.47.78.8

17.811.5

- 4 . 9

21.816.915.117.3

18 920.96.7

= .4

= 11.833

=8.4

Nondurable goods

Finalsales

38.3

23.2

36.2

38.444.257.466.874.879.887.195.9

101.7100.9

99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1

158.0162.4169.3174.9185.3196.9213.9225.6245.5261.9

277.5290.6312.0348.0381.8421.5446.7477.7532.5598.8

672.1

501.9521.2541.1565.6

579 5582.4602.4630.7

646.2657 7680^5

Inventorychange

0.3

= 1.1

.1

1.01.4.7

- .6- . 3

.21.1

- 1 . 93.7

- 1 . 3

3.24.22.0

= 1.11.02.62.6.8

1.32.5

1.32.42.83.31.63.23.94.93.13.4

3.34.83.05.32.21.54.2

12.24.46.0

1.0

3.110.03.9

.4

5 5\Z26.6

—.5

14.34 1

- 7 7

Services

35.9

25.9

34.4

35.740.850.863.072.377.068.871.677.282.2

88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8

193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9

429.9472.0519.0571.5636.1705.2779.3869.0976.2

1,097.2

1,231.1

935.1959.1989.3

1,021.5

1 055 5l|078!51,112.01142.8

1,178.61 205 6U49i0

Struc-tures

11.4

2.9

7.5

8.311.814.08.76.16.5

15.721.728.028.4

35.637.839.442.044.549.552.253.053.859.5

58.560.264.569.372,979.382.083.694.0

101.8

102.9120.3137.3150.8151.4150.0167.6196.4233.2260.8

264.3

211.5231.6241.6248.2

246 5254^2267.3275.1

276.2252 8258^9

Autooutput

7.28,8

11.9

15.413.312.016.114.721.216.919.414.419.4

21.317.822.525.225.931.230.428.035.134.9

28.739.141.646.239.240.755.965.369.668.0

59.0

65.872.267.872.6

76 06*564.961.8

64.453 6543



TABLE B-7.—Gross national product by major type of product in 1972 dollars, 1929-80

[Billions of 1972 dollars; quarterly data at seasonally adjusted annual'rates]

Year orquarter

1929

1933

1939 .

1940 .19411942 . . . .194319441945194619471948 . .1949 .

1950 . . .1951 . . . .1952195319541955 .1956 .195719581959

1960. .19611962.19631964.196519661967. .1968 . .1969

1970 .1971 .. .1972197319741975 . ..1976 . .1977..,.1978 .1979 . . ..

1980 *..

1978.1IIIllIV

1979:

II " . .Ill . .IV.

1980.

II111


315.7

222.1

319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,255.01,248.01,233.91,300.41,371.71,436.91,483.0

1,480.7

1,402.31,432.81,446.71,465.8

1,479.91,473.41,488.21,490.6

1,501.91,463.31,471.9

Finalsales

311.0

227.0

318.2

337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.8714.7

733,7753.7792.4825.0869.3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31,175.71,237.81,236.41,240.61,292.71,359.31,423.01,472.9

1,481.8

1,384.61,416.81,435.21,455.3

1,464.41,455.01,480.61,491.3

1,502.81,462.01,476.9

Inven-tory

change

4.6

=4.9

1.6

6.212.05.2.1

- 2 . 3-3 .612.2- .25.5

-4 .4

10.613.74.31.5

-2 .27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

-6 .77.8

12.314.010.2

-1 .2

17.716.011.510.6

15.418.47.6

- . 7

- . 91.3

- 5 . 0

Goods

Total

144.3

97.5

154.3

171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3

2615283.7292.1306.8292.7316.7320.9321.7311.6332.5

335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0

486.9497.2529.6573.0564.0549.2588.9628.8655.9674.5

665.9

635.4655.1659.5673.5

681.8669.1673.6673.3

682.1658.1657.5

Total

Finalsales

139.7

102.3

152.7

165.5

21&2263.3289.6282.2226.2237.9239.4244.7

250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5

332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9

483.2489.1519.4555.8552.4555.9581.1616.5641.9664.3

667.1

617.7639.0648.0662.9

666.4650.8666.0674.0

683.0656.8662.4

)

Inven-tory

change

4.6

- 4 . 9

1.6

6.212.05.2.1

- 2 . 3- 3 . 612.2- .25.5

- 4 . 4

10.613.74.31.5

- 2 . 27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

12.314.010.2

- 1 . 2

17.716.011.510.6

15.418.47.b

- . 7

- . 91.3

- 5 . 0

Durable goods

Finalsales

40.4

17.5

35.5

43.157.875.7

118.8135.9121.260.375.577.378.3

86.198.2

107.9116.2109.0117.2117.8119.4109.2113.6

115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0

187.5188.7207.4236.1234.1230.3242.8264.2278.6290.2

281.4

261.6280.5282.4290.1

295.0283.8292.1289.9

295.2270.1278.4

Inven-tory

change

3.5

- 2 . 1

.7

3.48.23.5.7

- 1 . 8- 3 . 710.81.41.6

- 2 . 9

5.59.01.72.3

- 3 . 74.52.9.9

- 3 . 43.9

2.0- .14.23.45.18.2

12.36.65.47.2

.03.07.2

12.79.4

-6 .45.45.8

10.96.7

-2 .0

13.810.19.2

10.6

11.411.93.8

- .3

- 4 . 6.7

- 3 . 8

Nondurable goods

Finalsales

99.3

84.9

117.2

122.4128.7140.5144.4153.7161.0165.8162.4162.1166.4

164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9

216.6220.3227.8232.2243.7253.6265.6272.9286.7291.9

295.7300.4312.0319.7318.3325.7338.3352.3363.3374.1

385,6

356.1358.5365.6372.8

371.3367.0373.8384.1

387.7386.7384.0

Inventorychange

1.1

- 2 . 8

.9

2.83.81.7

= .6- .5

.11.3

-1 .63.8

- 1 . 5

5.14.72.6

= .81.53.22.9.6

1.63.1

1.63.03.74.21.93.64.55.63.63.9

3.75.13.04.52.2

- .32.46.53.03.5

.8

3.95.92.3

= .1

4.06.43.8

- . 4

3.7.6

- 1 . 1

Services

127.4

110.7

135.2

139.9158.5193.9242.0263.7263.0200.8188.1192,5198.3

207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4

312.5326.9341.5356.2374.0390.7412.6434.1453.0469.2

482.4497.8519.0542.9563.0576.4595.6618.2649.0678.0

696.1

639.9644.2652.8658.9

669.1674.8683,0684.9

690.7690.6699.9

Struc-tures

43.9

14.0

30.3

32.543.346.326.218,118.839.144.652.453.6

65.964.365.569.374.380.780.579.781.789.8

89.091.797.4

104.1108.6116.0115.9113.9122.0122.5

116.3127.3137.3139.1121.0108.3116.0124.6132.1130.6

118.7

127.0133.6134.4133.4

129.0129.5131.6132.4

129.1114.6114.5

Autooutput

II

""12.313.918.0

23.019.317.122.621.629.823.024.518.623.2

25.321.226.028.729.435.734.831.838.537.4

29.838.941.646.437.135.745.350.750.246.8

37.9

48.552.448.451.4

53.248.444.041.4

42.534.634.6



TABLE B-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-80

[Billions of dollars)

Year orquarter

1929 .

1933

1939. . . .

1940.. ..1941194? ..1943.19441945..1946194719481949

1950.. ..19511952..1953. ...1954, ..1955 ....1956195719581959

196019611962. . . .1963.. . .19641965... .196619671968 . . .1969

197019711972197319741975 ..1976197719781979

1980 "

Persons

Disposable personal income

Total1

82.4

45.6

70.0

75.392.2

116.6133.0145.6149.11589168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998 3

1,096.11,194.41,311.51,462.91,641.7

1,821.8

Less:Inter-estpaidand

trans-fers2

1.9

.7

.9

1.01.1

.8

.7

.8

.91.41.72.12.3

2.72.93.34.04.34.85.65.96.06.5

7.47.78.39.4

10.511.712.613.314.616.6

17.818.920.723.625 125.327.632.037.944.6

47.5

Equals:Total

excludinginterestpaid andtransfers

80.5

44.9

69.2

74.491.1

115.8132.3144.8148.2157,5167.0185.9185.6

203.9223.1234.5248.2252.8270.1287.3302.7313.0331.9

344.6358.0378.5396.5430.1464.0501.1534.5578.8622.4

677.5732.9789.7890.9973 2

l,070J1,166.81,279.61,425.11,597.1

1,774.3

Personalcon-

sumptionexpendi-

tures

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888 197M

1,084.31,205.51,348.71,510.9

1,670.1

Per-sonalsaving

ordis-

saving

3.3

-.9

2.2

3.410.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.1

19.723.023.321.929.633.736.044.341.940.6

55.860.752.679.085 194382.574.176.386.2

104.2

(

Net receipts

Tax andnontaxreceipts

oraccruals

11.3

9.3

15.4

17.725.032.649.251.253.251.056.958.955.9

69.085.290.194.689.9

101.1109.7116.2115.0129,4

139.5144.8156.7168.5174.0188.3212.3228.2263.1296.7

302.8322.6368.3413.1455 2470:5538.4605.7681.6765.2

834.2

Less:Trans-fers,inter-

andsubsi-dies3

1.5

2.5

4.1

4.33.84.24.46.09.9

18.017.118.520.9

22.519.118.319.021.323.025.128.232.633.4

36.140.942.444.146.549.554.962.270.178.0

93.3107.1118.5134.8155 9194^212.8229.5249.3279.5

334.2

Equals:Net

receipts

9.8

6.9

11.3

13.521.228.444.745.243.333.039.940.435.0

46.566.271.875.668.678.184.688.082.496.0

103.4103.9114.3124.4127.5138.9157.4166.0193.0218.7

209.6215.4249.8278.3299 32761325.6376.1432.4485.7

500.0

lover n ment

Expenditures

Totalexpendi-

tures

10.3

10.7

17.6

18.428.864.093.3

103.092.745.642.550.559.3

61.079.293.9

101.697.098.0

104.5115.3127.6131.0

136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8

313.4342.0371.6405.3460 05343574.9624.0681.9753.2

869.0

Less:Trans-fers,mter-

andsubsi-dies3

1.5

2.5

4.1

4.33.84.24.46.09.9

18.017.118.520.9

22.519.118.319.021.323.025.128.232.633.4

36.140.942.444.146.549.554.962.270.178.0

93.3107.1118.5134.8155 919^4212.8229.5249.3279.5

334.2

Equals:Pur-

chasesof

goodsandserv-ices

8.8

8.2

13.5

14.224.959.888.997.082.827.525.532.038.4

38.560.175.682.575.875.079.487.195.097.6

100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8

220.1234.9253.1270.4304 1339^362.1394.5432.6473.8

534.8

Surplusor

deficit

nationalincome

andproductaccounts

1.0

-1 .4

- 2 . 2

- .7- 3 . 8

=31.4-44.1= 51.8-39.5

5.414.48.4

- 3 . 4

8.06.1

- 3 . 8- 6 . 9- 7 . 1

3.15.2

.9-12.6- 1 . 6

3.1- 4 . 3- 3 . 8

.7- 2 . 3

.5- 1 . 3

-14 .2- 6 . 0

9.9

-10 .6-19.4- 3 . 3

7.84 7

- 6 1 8-36.5= 18.3

- .211.9

-34 .8



TABLE B-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-

80—Continued

[Billions of dollars]

Year orquarter

1929

1933 . . . .

1939 . . . .

1940... .194119421943 .. . .19441945 . . .1946 .. .194719481949. .

19501951 . . ..1952 . .1953 . .19541955195619571958 ' ...."1959.

1960 . .1961. .. .1962 .196319641965 . .1966196719681969 ..

1970 _1971. . .197219731974.19751976.19771978 .1979

1980" . . . .

Business

Grossretained

earnings4

11.6

3.1

8.8

10.812.114.816.717.616.b15.922.130.231.5

30.734.837.438.241.147.949.452.051.758.7

58.360.067.271.076.786.092.795.6

100.0103.0

102.8119.7136.6148.7149.4188.4211.9248.3279.1312.7

333.4

urossprivate

domesticinvest-ment5

16.2

1.4

9.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8

395.1

Excess ofearnings

or of

invest-ment(-)

-4 .6

1.7

-.4

-2 .3-5 .8

4.910.910.55.4

- 1 4 7-11.9-15.6

-3 .8

-23.1-24.4-14.7-15.1-11.6-20.5-21.6-17.2-10.2-19.4

-17.6-14.8-18.3-19.9-20.6-27.5-33.0-27.2-33 .3-46 .2

-41 .4-46 .7-58 .4-81 .1-79 .2-17.7-46 .0-74 .0-96.3

-103.1

-61 .6

International

Nettrans-

fers andinterestpaid toforeign-

ers®

0.4

.2

.2

.2

.2

.2

.2

.3

.82.92.64.55.6

4.03.52.62.52.32.52.52.52.42.6

2.62.83.03.23.23.33.53.73.73.8

4.35.56.57.78.58.58.79.6

13.216.2

18.0

Net exports of goods and

Exports

7.0

2.4

4.6

5.46.15.04.65.57.4

15.120.217.516.3

14.419.719.118.018.721.025.028.124.224.8

28.929.931.834.238.841.144.647.352.457.5

65.768.877.5

109.6146.2154.9170.9183.3219.8281.3

341.2

services

Less:Imports

5.9

2.0

3.4

3.64.74.86.57.27.97.38.3

10.59.8

12.215.315.916.716.218.019.820.821.023.4

23.423.325.426.628.832.338.141.048.153.3

59.064.776.795.4

132.8128.1157.1187.5220.4267.9

313.6

Equals:Netex-

ports

1.1

.4

1.2

1.81.5

.2- 1 . 9-1 .7

- .57.8

11.96.96.5

2.24.43.21.32.53.05.37.33.31.4

5.56.66.47.6

10.18.86.56.34.34.2

6.74.1

.714.213.426.813.8

- 4 . 2- . 613.4

27.5

Excessof net

transfersand

interestor ofnet

exports( - ) 7 .

- 0 . 8

- .2

- 1 . 0

- 1 . 5-1.3"

.12.12.01.3

- 4 . 9- 9 . 3- 2 . 4

- .9

1.8-.9- .61.3

-.2- .4

- 2 . 8- 4 . 8

- .91.2

- 2 . 8- 3 . 8- 3 . 4- 4 . 4- 6 . 8- 5 . 4- 3 . 0- 2 . 6

—6- • 4

- 2 . 31.45.8

- 6 . 5- 4 . 9

-18.3- 5 . 113.913.82.8

- 9 . 5

Totalincome

orreceipts

102.3

55.1

89.5

98.9124.5159.3193.9207.9208.3209.3231.5261.1257.8

285.2327.6346.2364.5364.8398.7423.8445.2449.5489.2

508.9524.7562.9595.0637.6692.3754.6799.8875.5947.9

994.21,073.51,182.61,325.61,430.51,543.71,712.91,913.62,149.72,411.7

2,625.7

Statis-tical

discrep-ancy

1.1

.7

1.4

1.1.6

-.8- 1 . 8

2.74.1

.51.5

- 1 . 6.6

1.33.21.72.32.01.3

- 2 . 1- 1 . 2

.2- 1 . 3

- 2 . 4__ j2il1.7

.1-1.2

1.4-.3

- 2 . 1- 3 . 9

- 1 . 54.13.3

.83.75.55.14.46.42.2

1.7


orexpend-

iture

103.4

55.8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91.326.41,434.21,549.21,718.01,918.02,156.12,413.9

2,627.4

1 Personal income less personal tax and nontax payments (fines, penalties, etc.).2 Interest paid by consumers to business and net personal transfer payments to foreigners.3 Government transfer payments to persons and foreigners, net interest paid by government less dividends received by Stateand local government, subsidies less current surplus of government enterprises, and disbursements less wage accruals.4 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporatecapital consumption allowances with capital consumption adjustment, and private wage accruals less disbursements.5 See Table B-14.

8 Net transfers to foreigners by persons and government and interest paid by government to foreigners.7 Capital grants received by the United States (net) less net foreign investment.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-9.—Gross national product by sector, 1929-80


Year or quarter

1929

1933 . . . .

1939

1940194119421943194419451946194719481949 .. .

19501951 ..1952 .1953 ... .1954 .1955 .. . .19561957 . . . .19581959

19601961 . .19621963196419651966 ..1967 .. . .1968. .1969 .. .

1970 .19711972....19731974 . . .1975 . .1976 . . . .1977 . . . .19781979

1980 p

1978:|IIIIIIV

1979:1IIIll .IV

1980.III .Ill


103.4

55.8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.02,156.12,413.9

2,627.4

2 032 42,129.62,190.52,271.9

2,340.62,374.62,444.12,496.3

2,571.72,564.82,637.3


Total

102.6

55.5

90.5

99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9

284.8328.7345.7364.6364.5397.3418.5440.5446.6484.6

502.9520.7560.5591.8632.3685.2750.3793.7866.7937.1

985.41,068.51,175.01,310.41,414.41,531.91,697.51,894.52,126.22,370.1

2,577.3

2 004 22,103.22,161.02,236.2

2,301.02,333.72,396.02,449.7

2,520.22,516.72,586.9

Business

Total

95.4

49.1

80.6

89.4112.6139.9162.8174.2172.8183.8210.0234.9231.5

257.5294.4307.3324.9323.9354.0372.1390.8393.1428.3

442.0455.7490.6517.2551.6598.4652.6685.1745.4803.2

837.3907.1998.6

1,118.71,206.41,301.71,447.31,623.11,829.42,046.3

2,222.2

1 715 91,810.41,862.21,929.2

1,987.32,014.22,069.82,113.9

2,176,92,166.42,230.0

nofi-farm1

84.7

43.8

72.9

81.8103.1127.7149.3156.2152.7164.4188.2213.1212.2

236.3268.3283.4302.3302.3333.9355.7373.7372.2410.6

424.2435.7468.1495.0532.2577.7628.4663.3725.0782.1

813.1875.4963.4

1,068.01,155.01,247.31,396.31,571.11,765.11,974.1

2,152.4

1663 61J4&61,793.01,857.2

1,913.51,942.91,996.52,043.6

2,106.42,100.82,159.1

Farm

9.7

4.6

6.3

6.48.9

13.015.315.316.018.820.223.318.8

20.022.922.220.319.718.818.618.420.719.0

20.220.220.420.519.321.922.822.122.625.1

25.827.631.949.947.748.945.947.657.970.0

68.0

52 956459.163.3

68.070.670.471.0

67.767.567.9

statictiraliicai

discrep-ancy

1.1

.7

1.4

1.1.6

= .8- 1 . 8

2.74.1.5

1.5- 1 . 6

.6

1.33.21.72.32.01.3

- 2 . 1- 1 . 2

.2- 1 . 3

^2.4= .12.11.7.1

- 1 . 21.4

- .3-=2.1- 3 . 9

- 1 . 54.13.3.8

3.75.55.14.46.42.2

1.7

10.08.7

5.8.7

2.8-.7

2.8-1 .9

3.0

House-holdsand

insti-tutions

2.9

1.7

2.3

2.42.52.93.23.74.14.55.15.65.9

6.46.97.27.88.19.19.8

10.511.412.3

13.814.415.516.617.819.221.123.426.129.4

32.335.438.642.145.850,655.661.067.575.7

85.9

65 466*668.170.0

72.374.276.979.4

82.184.486.9

Government2

Total

4.3

4.7

7.6

7.89.4

15.125.632.235.220.816.717.419.4

20.927.431.231.932.534.236.639.142.144.0

47.150.554.358.062.967.676.585.195.2

104.5

115.8126.0137.8149.6162.2179.6194.6210.4229.2248.1

269.3

222 9226^3230.6237.1

241.4245.4249.4256.4

261.2265.9269.9

Federal

0.9

1.2

3.4

3.55.0

10.620.927.229.814.69.48.9

10.0

10,716.218.918.617.818.419.019.620.520.9

21.722.624.125.227.028.332.435.639.341.9

44.846.850.151.954.959.062.466.371.775.8

81.9

70 270̂ 971.574.4

74.674.674.979.0

79.680.580.7

Stateandlocal

3.5

3.5

4.2

4.34.44.54.74.95.46.27.38.59.4

10.111.212.313.314.715.817.619.621.623.1

25.527.930.232.935.939.344.149.555.962.6

71.179.387.797.7

107.3120.6132.3144.0157.5172.3

187.4

152 7155̂ 5159.1162.7

166.8170.8174.5177.3

181.6185.4189.3

PactKcSI

of theworld

0.8

.3

.5

.4

.5,5.5.5.4.8

1.21.61.4

1.62.12.32.22.32.83.23.53.03.3

3.63.94.64.95.55.95.65.96.76.9

7.39.2

10.916.019.817.320.523.529.943.8

50.1

28 22&329.535.7

39.640.948.146.6.

51.548.150.5

Percentchange

frompreced-

ingperiod,gross

domesticproduct3

-4 .1

7.0

10.125.026.821.49.6.9

- 1 . 410.911.3= .4

10.915.45.25.5

- .09.05.35.21.48.5

3.83.57.75.66.88.49.55.89.28.1

5.28.4

10.011.57.98.3

10.811.612.211.5

8.7

8 12U11.414.7

12.15.8

11.19.3

12.0= .611.6

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. See Table B- l

for percent changes in gross national product.



TABLE B-10.—Gross national product by sector in 1972 dollars, 1929-80


Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

19601961 . . .19621963196419651966196719681969

19701971197219731974197519761977 ... .19781979

1980".

1978:

| |IIIIV

1979:

IIIIIIV

1980:

IIIII


315.7

222.1

319.8

344.1400.4461.7531.6569.1560.4478.3470.3489 8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737 2756.6800.3832.5876.4929.3984.8

1011.41,058.11,087.6

1,085.61,122.41,185.91 255.01,248.01,233.91,300.4137171436 91,483.0

1,480.7

1,402.31432 81,446.71,465.8

1479 91,473.41,488.21,490.6

1,501.91463 31,471.9


Total

313.2

220.9

318.2

342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4

531.8575.6596.9619.8612.1653.0666.5678.3676.3716.8

732 0751.0793.8825.6868.9921.4977.5

1,003.91,050.01,079.7

1,077.61,112.91,175.01,239.91,230.71,220.01,284.81354 71416 81,455.9

1,452.1

1,382.71414 91,427.01,442.6

1,454 61,447.81,458.61,462.4

1,471.51435 51,443.4

Business

Total

271.5

180.0

261.0

282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8

448.7478.0492.8515.6508.5547.0557.4566.1561.7600.0

610.1625.1663.2691.6730.3777.7824.0842.0882.1907.1

904.8938.6998.6

1,061.41,049.11,034.71,097.61,165.11222 61,'258.3

1,251.6

1,189.41,221.01,232.41,247.6

1,258.81,250.81,260.01,263.6

1,271.91235 2U42.3

Non-farm1

244.7

152.5

231.3

254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4

419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0

584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9

875.4901.7963.4

1,029.11,014.1

996.71,061.61,12891185 51,222.1

1,215.4

1,156.31,184 51,192.71,208.7

1,221 81,215.01,223.21,228.2

1,233.31,198 51,207.6

farm

23.6

24.9

25.2

24.526.228.627.727.125.625.824.025.825.6

27.025.826.427.728.429.328.928.229.327.8

29.228.928.829.628.829.828.229.529.029.5

31.132.631.931.631.833.632.133.032 934.9

35.2

33.531533.033.4

33.335.335.135.8

37.037 833.1

Statisti-cal

discrep-ancy

3.1

2.6

4.6

3.61.6

- 2 . 1- 4 . 2

6.49.41.12.9

- 2 . 8.8

2.45.02.63.63.11.8

- 3 . 0- 1 . 7

- L 9

- 3 . 3- . 22.92.3

- l ! 61.7

- 2 . 5- 4 . 4

- 1 . 74.23.3

3.24.43.93.2421.4

1.0

- . 44.96.65.6

3.7

1.7

1.6- 1 . 1

1.7

House-holdsand

insti-tutions

15.6

12.2

15.1

16.115.916.415.215.115.015.116.016.717.3

18.318.718.619.319.421.422.523.124.224.7

26.627.028.128.929.830.932.634.335.437.0

36.737.638.639.439.340.540.941.342 343.7

45.3

42.242 242.342.6

42.943.344.244.4

44.844 945.6

Government2

Total

26.2

28.8

42.1

44.055.281.9

129.4149.1146.475.958.058.162.3

64.779.085.585.084.184.686.789.190.492.2

95.398.9

102.5105.2108.8112.7120.8127.7132.4135.7

136.1136.7137.8139.1142.3144.9146.3148.41519153.9

155.2

151.0151.8152.3152.3

152.9153.7154.4154.5

154.81554155.5

Federal

5.2

6.6

16.9

18.629.656.7

105.0125.2121.849.729.829.231.3

32.746.251.649.647.245.945.645.844.544.5

45.246.248.348.248.548.753.057.258.058.2

55.252.550.148.248.548.448.548.649.349.0

49.2

49.049.349.549.2

49.149.049.048.9

49.049 449.4

Stateandlocal

21.0

22.1

25.2

25.425.625.224.523.924.626.228.229.031.0

32.032.833.935.436.938.641.043.345.947.7

50.152.754.357.060.464.067.970.574.477.4

80.984.287.790.893.896.597.899 7

102 6104.9

106.0

102.0102.5102.8103.1

103.8104.7105.3105.6

105.8105 9106.1

Rest,of theworld

2.4

1.3

1.6

1.41.71.51.31.41.11.82.53.02.7

3.03.73.93.74.04.55.15.54.64.9

5.25.76.56.97.57.97.47.58.27.9

8.09.5

10.915.117.313.915.616.920 127.2

28.6

19.617.919.723.2

25.325.629.628.1

30.427 828.5

Percent

frompreced-

ingperiod,gross

domesticproduct3

- 2 . 1

7.8

7.716.315.415.27.1

- 1 . 5-14.8- 1 . 8

4.1.5

8.78.33.73.8

-1 .26.72.11.8

2.12.65.74.05.26.06.12.74.62.8

- . 23.35.65.5

- . 7— 95!35.44.62.8

- . 3

2.29.73.44.4

3.4- 1 . 9

3.01.0

2.5- 9 . 4

2.2

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from those obtained from data shown here. See Table B-2

for percent changes in gross national product in 1972 dollars.Source: Department of Commerce, Bureau of Economic Analysis.


T A B L E B- l l .—Gross domestic product of nonfinanciaI corporate business, 1929-80


Year orquarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980 P.

1978:IIIIllIV

1979:|ii...;intv

1980:1IIIll

Grossdomes-

ticproduct

ofnon-

financialcorpo-ratebusi-ness

50.1

24.4

43.7

50.465.682.998.7

102.195.399.3

120.0137.3133.5

151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0

277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1

563.7609.9678.0759.4818.9890.0

1,001.31,129.51,270.71,417.0

1,533.9

1,196.31,260.11,289.91,336.5

1,378.71,399.51,432.11,457.7

1,502.11,496.31,537.7

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

5.5

4.3

4.8

4.95.46.16.26.36.57.69.3

10.911.7

12.614.615.816.817.919.121.823.824.825.8

26.827.528.429.430.832.735.638.942.647.1

52.257.362.667.979.594.9

104.8116.6129.7147.5

166.2

124.0127.3131.6135.7

140.5146.0150.7152.9

158.2163.6168.6

Net domestic product

Total

44.5

20.2

39.0

45.460.276.892.495.888.891.8

110.7126.4121.8

139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2

250.2257.5283.0302.3327.6360.9395.9415.2457.6497.0

511.4552.6615,5691.6739.4795.1896.5

1,012.81,141.01,269.5

1,367.7

1,072.31,132.91,158.31,200.7

1,238.21,253.51,281.51,304.8

1,343.91,332.71,369.1

Indi-rectbusi-nesstax,

etc.1

3.4

3.8

5.1

5.56.46.87.38.18.9

10.111.212.112.6

14.115.216.818.217.419.220.822.422.825.4

28.330.133.035.638.441.142.945.851.558.0

63.470.576.783.789.797.1

105.3115.1125.2133.6

152.1

121.3125.5125.5128.6

130.9131.5134.8137.3

141.7147.7155.4

Domestic income

Total

41.2

16.3

33.9

40.053.870.085.287.779.981.699.6

114.3109.2

125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8

221,9227.3249.9266.8289.3319.8353.0369.5406.1439.1

448.1482.1538.7607.9649.7697.9791.2897.8

1,015.81,135.9

1,215.7

951.01,007.31,032.91,072.1

1,107.31,122.01,146.71,167.5

1,202.31,185.01,213.6

Compen-sation

ofemploy-

ees

32.3

16.7

28.2

31.239.851.062.265.161.967.279.187.885.3

94.7110.2118.3128.7126.5138.5151.4159.1155.9171.6

181.1185.1199.8210.7226.3246.1273.5291.9322.8358.5

378.4402.0447.0506.2556.5581.1654.4738.2841.4954.0

1,036.8

797.2830.2853.4884.7

919.9939.8965.2991.1

1,017.31,018.01,034.8

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

7.5

=2.1

4.2

7.412.717.721.821.617.113.819.725.622.9

29.633.430.230.028.638.335.934.930.240.1

37.438.345.651.257.767.772.268.873.367.5

52.762.172.778.663.686.1

107.3126.3137.6136.7

122.8

118.5141.1142.3148.6

146.0138.6134.8127.3

132.6112.5121.2

Profits

Prof-itsbe-foretax

8.4

.6

6.1

8.816.420.123.622.217.822.029.131.824.9

38.539.133.834.932.142.041.839.833.743.1

39.739.544.248.955.465.270.366.372.969.4

56.865.476.696.0

105.3107.3135.0153.5174.3193.4

179.5

150.6175.5178.6192.6

195.7191.4195.5191.1

207.2158.6177.9

Prof-itstaxlia-

bility

1.2

.5

1.4

2.77.5

11.213.812.610.28.6

10.811.89.3

16.921.217.818.515.620.220.119.116.220.7

19.219.520.622.824.027.229.527.733.433.1

27.029.833.640.042.041.252.659.467.369.7

61.3

56.968.169.075.3

71.268.970.568.4

74.352.060.3

Profits after tax

Total

7.3

.1

4.7

6.19.08.99.89.67.6

13.418.320.015.6

21.617.916.016.416.421.821.820.717.522.4

20.520.123.526.231.438.040.838.639.536.2

29.835.643.056.063.366.182.394.1

107.0123.7

118.2

93.7107.4109.6117.2

124.5122.5125.0122.7

132.9106.6117.6

Divi-dends

5.1

2.0

3.3

3.53.93.73.94.14.14.85.56.06.0

7.57.17.17.37.48.59.09.39.3

10.0

10.610.611.412.613.715.616.817.519.119.1

18.518.520.121.121.425.730.131.936.037.3

40.3

34.833.237.538.6

38.237.934.938.2

36.941.140.8

Undis-tributedprofits

2.2

- 1 . 9

1.4

2.65.05.25.85.63.58.6

12.814.09.6

14.110.88.89.19.0

13.412.711.48.2

12.4

9.99.5

12.213.517.722.424.021.220.417.1

11.317.122.935.041.940.452.262.270.986.3

77.9

58.974.172.178.6

86.384.590.184.5

96.065.576.8

Inven-tory

valua-tion

adjust-ment

0.5

=2.1

=.7

- .2- 2 . 5-1 .2- .8— 3— 6

= 5̂ 3- 5 . 9= 2.2

1.9

= 5.0- 1 . 2

1.0- 1 . 0- .3

- 1 . 7-=2.7= 1.5

= .3= .3

- 2'.3.0.1

— 5-\2- 2 . 1- 1 . 6- 3 . 7- 5 . 9

- 6 . 6- 4 . 6- 6 . 6

-20.0=40.0-11 .6-14.7-15.8-24 .3-42.6

-42.0

-21.6-23.2= 22.6-29.8

-35 .3-37.9-46 .5-50.8

-61.4-31 .1-41.7

consump-tion

adjust-ment

- 1 . 4

- .6

- 1 . 1

-1 .2- 1 . 3- 1 . 2- .9

2- 3 d=3.5- 4 . 0- 3 . 9

-3 . 9- 4 . 6- 4 . 5= 3.9= 3.2= 2.0= 3.2=3.4=3.2=2.7

= 2.1- 1 . 5

1.42.32.93.73.94.04.04.0

2.41.32.72.6

- 1 . 8- 9 . 7

= 13.0= 11.4-12.4= 14.1

= 14.7

-10 .5-11.2-13.6= 14.2

= 14.4-14.8-14.2= 13.0

= 13.1-14.9= 15.0

Netinter-est

1.4

1,7

1.5

1.41.31.31.11.01.0.7.8.9

1.0

.91.11.21.31.51.61.72.22.73.1

3.53.94.54.85.36.17.48.7

10.113.1

17.018.019.123.029.630.829.533.236.845.2

56.1

35.336.037.138.9

41.443.546.749.1

52.354.457.6

1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-12.—Output, costs, and profits of nonfinancial corporate business, 1948-80

[Quarterly data at seasonally adjusted annual rates]

Year or quarter

19481949

1950 „19511952.19531954

1955195619571958

1959 nil ;..'i ;.19601961196219631964

19651966196719681969

19701971197219731974

1975197619771978 . . .1979 '.ZZL11980 p

1978:

ii...'.". .'...". ZZZ~"ZZ ""."ZZtilIV

1979.1IIIllIV

1980:

ii ..' .7.711"Ill

Gross domestic

nonfinancialcorporate

business (billionsof dollars)

Currentdollars

137.3133.5

151.9174 5182.3195 0191.9

216.72316242.3236.3266.0

277.0285.0311.3331.8358.4

393 6431.5454.1500 2544.1

563 7609.9678.0759.4818.9

890.0100131,129.51,270.71,417.0

1,533.9

1,196.31,260.11,289.91,336.5

1,378.71,399.51,432.11,457.7

1,502.11496 31,537.7

1972dollars

229.7219.9

247.5270.2275.2292.0283.4

315.1324.1328.3313.4347.4

358.4367.2399.7426.3455.6

495.2530.7543.0578.9604.0

599.6626.8678.0731.9708.2

694.2745.5799.0845.1873.3

866.2

821.8845.8849.8862.9

874.7870.8874.3873.4

878.2853.2860.4

Tota!costand

profit2

0.598.607

.614646.663668.677

.688715.738.754.766

.773

.776

.779

.778

.787

795.813.836864.901

940.973

10001.0381.156

1.2821.3431.4141.5041.623

1.771

1.4561.4901.5181.549

1.5761.6071.6381.669

1.71017541.787

Current-dollar cost and profit per unit of output

Capitalcon-

sumptionallow-anceswith

capitalcon-

sumptionadjust-ment

0.047.053

.051

.054

.057

.058

.063

.061

.067

.073

.079

.074

.075

.075

.071

.069

.068

.066

.067

.072

.074

.078

.087

.091

.092

.093

.112

.137

.141

.146

.153

.169

.192

.151

.150

.155

.157

.161

.168

.172

.175

.180

.192

.196

Indi-rectbusi-nesstax,

etc.3

0.053.057

.057056.061062.061

.061064.068.073.073

.079

.082

.083

.083

.084

.083

.081

.084

.089

.096

.106

.113

.113

.114

.127

.140141

.144

.148

.153

.176

.148

.148

.148

.149

.150

.151

.154

.157

.161173

.181

Compen-sation

ofemploy-

ees

0.382.388

.383408.430.441.446

.439

.467

.484

.497

.494

.505

.504

.500

.494

.497

.497

.515

.538

.558

.594

.631

.641

.659

.692

.786

.837

.878

.924

.9961.092

1.197

.970

.9821.0041.025

1.0521.0791.1041.135

1.1581.1931.203

Netinterest

0.004.004

.004

.004

.004

.004

.005

.005

.005

.007

.009

.009

.010

.011

.011

.011

.012

.012

.014

.016

.017

.022

.028

.029

.028

.031

.042

.044

.040

.042

.044

.052

.065

.043

.043

.044

.045

.047

.050

.053

.056

.060

.064

.067

(dollars)'

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0.112.104

.120124

.110103

.101

.122111

.106

.097

.116

.104

.104

.114

.120

.127

.137

.136

.127

.127

.112

.088

.099

.107

.107

.090

.124

.144

.158

.163

.157

.142

.144

.167

.168

.172

.167

.159

.154

.146

.151

.132

.141

Profitstax

liability

0.051.042

.068079.065.063.055

.064

.062

.058

.052

.060

.054

.053

.052

.053

.053

.055

.056

.051

.058

.055

.045

.047

.049

.055

.059

.059

.071

.074

.080

.080

.071

.069

.081

.081

.087

.081

.079

.081

.078

.085

.061

.070

Profitsaftertax*

0.060.062

.051045.045040.046

.057049.048.045.056

.051

.051

.062

.067

.074

082.080.076.069.057

043.052.058.053.030

.065073.084.083.077

.071

.075

.086

.086

.085

.086• .080

.074

.067

.066

.071

.071

1 Output is measured by gross domestic product of nonfinancial corporate business in 1972 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two

places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.Source!: Department of Commerce, Bureau of Economic Analysis.


TABLE B-13.—Personal consumption expenditures, 1929-80


Year orquarter

1929

1933

1939

194019411942 .194319441945 .19461947...19481949

19501951.. . .1952. . .1953 . ..195419551956195719581959 .. ..

1960 ....1961...19621963 .. .1964..1965 . .1966.196719681969 . .

19701971. .1972 ....19731974 . . . .19751976. ...197719781979

1980 p

1978:

||in"Z ZZ.IV

1 9 7 9 :

H. ' " . . . 'IllIV ...

1980:

uZZZZZZZ.HI

Personalcon-

sumptionexpendi-

tures

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253,7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430 4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,205.51,348.71,510.9

1,670,1

1,278.31,330.11,369 91,416.6

1,454.11,478.01,529.11,582.3

1,631.01,626.81,682.2

Durable goods1

Total

9.2

3.5

6.7

7.89.76.96.56.78.0

15.820.422.925.0

30.029.829.132.531.838.637.939.336.842.4

43.141.646.751.456.463068.070.180.585.7

85.297.2

111.1123.3121.5132.2156.8178.8199.3212.3

210.2

185.0200.1202.0210.2

212.5207.4213.3216.1

220.9194.4208.8

Motorvehicles

andparts

3.3

1.1

2.3

2.83.5.7.8.8

1.04.16.68.0

10.6

13.712.211.313.913.017.815.817.214.818.9

19.717.821.524.426.130 030.430.136.338.7

36.245.452.457.150.455.872.685.094.395.5

89.0

86.896.495.598.5

100.191.794.795.4

100.677.587.0

Furni-tureand

house-hold

equip-ment

4.7

1.9

3.4

3.84.84.63.93.84.58.4

10.611.511.3

13.714.014.014.614.616.217.116.916.617.8

17.717.918.920.322.824 727.729.532.334.1

35.237.241.747.150.653.559.165.872.981.184.1

68.272.273 977.3

78.080.182.483.8

83.681.384.6

Nondurable goods1

Total

37.7

22.3

35.1

37.042.950.858.664.371.982.790.996.694.9

98.2108.8113.9116.5118.0122.9128.9135.2139.8146.4

151.1155.3161.6167.1176.9188 6204.7212.6230.6247.8

265.7278.8300.6333.4373.4407.3441.7479.0529.8602.2

674.4

504 0520.4536.3558.3

571.8586.4611.5639.2

661.1664.0674.2

Food

19.5

11.5

19.1

20.223.428.433.236.740.647.452.354.252.5

53.960.463.464.465.467.269.973.676.479.1

81.183.285.587.892.798 9

106.6109.6118.7127.5

138.9144.2154.9172.1193.7213.6230.6250.3276.4312.1

345.0

2641271.4279.5290.4

299.1306.0314.3329.0

336.2338.4347.7

Cloth-

andshoes

9.4

4.6

7.1

7l58.8

11.013.414.616.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.1

26.727.428.729.531.933 536.638.242.145.5

46.850.655.461.464.869.675.382.191.998.9

104.7

86 391.093.496.9

95.897.0

100.3102.5

102.2102.3105.3

Gaso-lineandoil

1.8

1.5

2.2

2.32.62.11.31.41.83.44.04.85.3

5.56.16.87.47.88.69.4

10.210.611.3

12.012.012.612.913.514 716.017.018.620.7

22.423.925.428.636.640.444.048.252.768.4

89.0

49 851.053.356.8

60.663.272.177.6

89.490.985.3

Fueloil

andcoal

1.6

1.2

1.4

1.51.71.92.02.02.22.53.03.43.1

3.43.53.43.43.53.83.94.14.24.0

3.83.73.74.04.14.44.74.84.74.5

4.44.55.06.27.78.29.8

10.611.716.0

20.0

11.911.811.311.9

13.114.917.918.1

18.819.220.7

Services1

Total

30.3

20.1

25.2

26.228.231.034.337.139.645.350.455.358.2

63.068.574.080.686.192.199.2

105.9112.8121.9

130.7138.1147.0156.1167.1178 7192.4207,6225.8248.2

270.8296.2325.3355.2393.2437.0485.7547.7619.6696.3

785.5

589 3609.5631.6648.1

669.9684.2704.3727.0

749.0768.4799.2

Hous-ing2

11.7

8.1

9.4

9.710.411.211.812.312.814.216.017.919.6

21.724.327.029.832.234.336.739.342.045.0

48.151.254.758.061.465.569.574.179.887.0

93.9102.7112.5123.8137.4149.8166.5186.8213.1241.9

272.4

201.8209.2216.8224.6

231.4238.1244.9253.0

259.8267.3275.7

Householdoperation'

Total

4.0

2.8

3.8

4.04.34.85.25.96.46.87.58.18.5

9.510.411.112.012.614.015.216.217.318.5

20.121.022.223.424.826 328.030.032.235.0

37.741.045.249.655.263.371.680.889.598.7

111.7

87 287.890.892.3

96.196.499.5

102.7

104.2109.3116.1

Elec-tricityandgas

1.2

1.1

1.4

1.51.51.61.71.81.92.12.32.62.9

3.33.74.14.55.05.56.16.57.17.6

8.38.89.49.9

10.410.911.512.213.114.2

15.417.018.820.524.029.232.938.242.447.3

55.8

41.841.442.943.5

46.445.947.349.8

50.054.559.3

Transpor-tation

2.6

1.5

2.0

2.12.42.73.43.74.05.05.35.85.9

6.26.77.17.87.98.28.69.09.3

10.1

10.711.211.712.212.813.715.016.217.619.5

22.025.127.528.830.933.238.645.351.057.2

64.1

49.050.651.652.7

54.456.558.259.9

61.461.665.8

1 Total includes "other" category, not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-14.—Gross private domestic investment, 1929-80


Year or quarter

1929

1933

1939

194019411942194319441945194619471948 . . . .1949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970....197119721973197419751976 . . .1977.19781979

1980 p

1978:

ItIllIV

1979:1IIHIIV

1980:|||Ill

Grossprivate

domesticinvest-ment

16.2

1.4

9.3

13.117.99.95.87.2

10630.734.045.935.3

53.859.252.153.352.768.471069.261978.1

75.974.885.490997.4

113 5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257 9322.3375.3415.8

395.1

350.7377 7380 4392.6

408 3423.2421.7410.0

415.6390.9377.1

Fixed investment

Total

14.5

3.0

8.8

10.913.48.16.48.1

11.724.334.441.138.4

47.048.949.052.954.362.466 367.963 472.5

72.972.579.284991.7

103.7111.6112.5125.4139.5

141.0158.8184.8211.3214.5213.02460301.3353.2398.3

399.0

325.8350.73613374.9

384 0390.1408.3410.8

413.1383.5393.2

Nonresidential

Total

10.6

2.4

5.9

7.59.46.05.06.9

10.116.923.026.324.4

27.331.331.334.534.238.544047.042 045.9

48.548.052.254.861.072.783.183.990.7

101.3

103.9107.9121.0143.3156.6157.7174.1205.5242.0279.7

295.0

222.6239.42471258.7

267.3272.9288.5290.2

297.8289.8294.0

Struc-tures

5.1

1.0

2.0

2.33.01.91.41.92.86.97.79.08.7

9.511.411.612.913.414.617 718.417 217.6

18.819.120.120522.427 030.130332.436.7

38.740.544.151.055.955.458 864.678.796.3

108.1

70.377 381385.7

87 393.299.6

105.1

108.2108.4107.3

Pro-ducers'dura-ble

equip-ment

5.5

1.4

3.9

5.26.44.13.75.07.39.9

15.317.315.7

17.819.919.721.520.823.926 328.624.928.3

29.728.932.134.438.745.853.053.758.264.6

65.267,476.992.3

100.7102.3115 3140.9163.3183.4

186.9

152.31621165 8173.0

179 9179.7189.0185.1

189.7181.4186.8

Residential

Total

3.9

.6

2.9

3.44.02.21.41.31.57.4

11.414.913.9

19.817.617.718.420.123.922 320.921426.6

24.524.527.030130.730 928.528 634.838.2

37.150.963.868.057.955.372 095.8

111.2118.6

104.0

103.21113114 2116.2

116 7117.2119 8120.6

115.293.699.2

Non-farmstruc-tures

3.6

.5

2.7

3.23.61.91.21.11.46.7

10.413.712.8

18.616.416.517.319.022.821219.720.325.3

23.323.225.828.929.429 627.127 233.336.5

35.448.961.565.654.852.468 891.9

106.9113.9

99.1

98.9107 4109 6111.6

112 5112.9114.9115.4

110.188.994.5

Farmstruc-tures

0.2

.0

.1

.2

.2

.1

.5

.9

.8

.8

.8

.8

.8

'.S.7

7.7

.6

.6j

j.6.7

.6

.7

1.31.01.11.51.81.8

1.9

1.81.42.01.9

161.62.02.3

2.21.81.7


0.1

.0

.1

.1

.1

.0

.0

.0

3

3

.4

.4

.4

.4

.4

.4

'5.6

.5

.5

.6

'7.9

1.0

1.11.31.51.71.81.9212.32.62.9

3.0

2.425262.7

272.82.93.0

3.02.93.0

Change inhtieinaec

inventories

Total

1.7

-1 .6

.4

2.24.51.8

- . 6- 1 . 0-1 .0

6.4

*4J-3 .1

6.810.33.1

.4- 1 . 5

6.0471.3

- 1 55.7

3.02.36.36.05.699

14.110 37.99.8

3.27.7

10.218.514.1

-6 .911821.022.217.5

- 3 . 9

24,927 019117.7

24 333.113.3- . 8

2.57.4

-16.0

Non-farm

1.8

- 1 . 4

.3

1.94.0

.7- . 6- . 6- 66.41.33.022

6.09.12.11.1

- 2 . 15.551.8

235.7

2.72.05.5526.289

14.3967.89.7

3.16.49.6

15.216.0

-10.513 920.221.813.4

26

24.626 718 617.2

20 829.27.8

-4 .4

1.56.1

12 3



TABLE B-15.—Inventories and final sales of business, 1946-80

[Billions of dollars, except as noted; seasonally adjusted]

Year and quarter

Fourth quarter:1946194719481949

19501951195219531954

1955..1956195719581959

19601961196219631964

19651966196719681969

1 9 7 0 . . . . .. .1971 ..197219731974

19751976 . .197719781979

1978:IIIIllIV

1979:|tlIllIV

1980:

II . " " " V . .Ill

Inventories'

Total

72.082 687.278.7

98.0110.5109.2110.1107.6

114 8124.0127.6127.3132.0

136.0137.9144.6150.4156.2

170.5187.4199.4213.5234.6

244.0260.8288.7357.7434.4

439.4473.6520.9600.57101

539.9560.2578.3600.5

626.2654.5681.97101

724.5740.4765.8

Farm

22.725122.919.8

26.128.326.024.623.8

22 522.924.325.624.4

25.625.927.327.626.5

29.929.629.530.633.3

32.336.745.666.662.4

64.560.661.476.084 3

65.669.272.076.0

79.480.583.484 3

77.881.892.6

Nonfarm

Total

49.357 564.359.0

71.982.283.185.583.9

92 2101.0103.3101.7107.6

110.4112.1117.3122.7129.7

140.6157.8169.9182.9201.3

211.6224.1243.1291.2372.0

374.9413.0459.5524.5625 9

474.2491.0506.2524.5

546.7574.0598.5625 9

646.6658.5673.2

Manufac-turing

26729.332.528.9

35.243.444.446.444.3

48.854.554.853.255.7

56.657.760.962.966.4

71.581.788.795.2

104.8

108.4109.9116.8141.1189.6

189.8207.5225.6254.73112

232.1239.1246.4254.7

267.6281.9295.03112

325.0331.2335.3

Whole-sale

trade

10.110.511.711.8

13.814.614.815.015.3

16.617.918.218.320.0

20.420.921.523.124.4

26.329.932.434.337.7

41.744.949.460.276.9

77.386.998.5

114.2134 6

103.3106.3109.2114.2

118.8123.9129.4134 6

138.5142.0146.3

Retailtrade

11.413115.114.0

17.518.017.718.318.5

20 921.722.922.923.9

25.324.926.327.629.0

31.934.635.339.042.8

44.350.555.764.874.1

74.682.993.7

108.4122 6

97.3101.2104.8108.4

111.3116.3119.7122 6

122.8124.0127.3

Other

3.54.65.04.3

5.46.16.25.85.9

6.06.97.37.38.0

8.18.78.69.29.9

10.911.613.514.416.0

17.318.821.225.031.3

33.335.741.647.257 5

41.644.445.847.2

49.051.954.557 5

60.361.364.3

Finalsales2

16.018 319.619.5

21.724.626.127.227.5

29 731.432.733.735.6

36.938.841.143.746.2

51.054.157.663.367.4

70.877.285.894.5

102.0

113.6124,11392159.3176 2

140.9148.6153.6159.3

163.6165.1171.4176 2

181.2179.9187.2

Inventory—finalsales ratio

Total

4.5004.5144.4384.028

4.5254.4854.1814.053

' 3.913

3.8633.9453.8983.7733.709

3.6873.5553.5183.4383.382

3.3423.4653.4633.3713.480

3.4463.3763.3663.7874.257

3.8673.8153.7433.7704 030

3.8313.7703.7653.770

3.8283.9643.9794 030

3.9984.1154.092

Non-farm3

3.0813.1433.2743.016

3.3223.3363.1833.1483.050

31053.2163.1553.0133.025

2.9932.8892.8532.8062.809

2.7562.9182.9502.8882.986

2.9902.9012.8343.0823.646

3.3003.3273.3013.2923 551

3.3653.3043.2963.292

3.3423.4773.4923 551

3.5683.6603.597

1 End of quarter.2 Monthly rates.3 Ratio based on total final sales, which include a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial

Classification (SIC) beginning in 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-16.—Inventories and final sales of business in 1972 dollars, 1947-80

[Billions of 1972 dollars, except as noted; seasonally adjusted]

Year and quarter

Fourth quarter:194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1978:1||IIIIV . ..

1979:IIII l ltv

1980:

IIIII

Inventories1

Total

1161S121.6117.2

127 7141.4145.7147.2145.0

152.8158.61601158 3165.3

168 8171.8179 7187.2194.3

2061222.92351244.1255.1

258 9267.0277.2294.4306.0

299.2307.0319.3333.3343.5

323 8327.8330 7333.3

337.2341.7343.7343.5

343 3343.6342.3

Farm

25726 726.2

27 529.130.430.231.1

31.530 731432 432.4

32 833.234 535.735.1

36 236.036 837.037.3

37 739.239.842.141.8

43.041.141.141.143.5

41141.141141.1

41.642.243.043.5

43 643.843.4

Nonfarm

Total

90 594.891.0

100 2112.3115.4117.1114.0

121.2127 8128 71259132.9

1361138.6145 2151.5159.2

169 9186.8198 3207.0217.8

2212227.8237.4252.3264.2

256.3265.9278.3292.2300.0

282 7286 7289 6292.2

295.5299.5300.7300.0

299 6299.8299.0

Manufac-turing

47.448.846.2

49 360.062.764.560.9

64.369.168 766.169.1

69971.775 678.282.0

87.097.2

104.1108.4112.8

112.9111.8114.4121.8130.9

127.1130.9133.9139.1145.9

135 5136.9138 2139.1

141.8143.9145.0145.9

147 3147.2145.9

Whole-saletrade

16017.217.2

19 219.720.120.320.6

22.122.822 522.524.6

25125.726 628.429.9

31635.337.838.941.2

44 045.947.950.454.1

52.255.559.563.264.2

61261.862.163.2

63.964.164.564.2

64.164.564.7

Retailtrade

18.320.319.8

23.023.023.023.623.7

26.526.827.827.528.7

30.329.831.633.034.5

37.440.040.043.045.9

46.151.254.658.858.3

55.858.863.066.866.8

64 265.266.366.8

66.868.468.166.8

64.964.765.1

Other

878.67.8

879.59.68.78.8

8.492989.8

10.5

10 711.411.412.012.8

13.814.316.316.817.9

18.219.020.521.420.9

21.120.821.923.023.1

21722.723.023.0

23.023.223.123.1

23423.423.4

Finalsales2

33.234.434.6

36.939.841.643.043.1

45.646.547.148.149.7

50.753.155.358.360.9

66.167.570.173.874.7

75.278.984.787.385.1

88.392.497.9

103.1105.4

97.6100.4101.7103.1

103.6102.7104.4105.4

106.1102,8103.9

Inventory—finalsales ratio

Total

3.5003.5353.382

3 4623.5533.5053.4233.364

3.3483.4133 3993.2923.329

3 3293.2373.2483.2123.190

3.1203.3013.3563.3073.415

3.4423.3843.2743.3733.593

3.3883.3213.2613.2333.260

3 3163.2653.2503.233

3.2543.3283.2933.260

3.2363.3413.294

Non-farm^

2.7272.7582.626

2 7162.8212.7752.7222.643

2.6572.7512.7332.6182.676

2 6832.6112.6252.6002.614

2.5712.7672.8302.8052.915

2.9402.8872.8042.8913.103

2.9012.8772.8412.8342.847

2.8952.8552.8462.834

2.8522.9172.8812.847

2.8252.9152.877

1 End of quarter.2 Monthly rates.3 Ratio based on total final sales, which include a smalt amount of final sates by farms.

Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard IndustrialClassification (SIC) beginning in 1948 and on the 1942 SIC prior to 1948.



TABLE B-17.—Relation of gross national product and national income, 1929-80


Year or quarter

1929 . . .

1933

1939

1940 ..194119421943194419451946..194719481949

19501951...195219531954195519561957 ..19581959

1960196119621963196419651966196719681969

1970 .197119721973., .197419751976197719781979 .

1980 "

1978:

IIIIIIV

1979:1IIIIIIV...,

1980:1liIll


103.4

55.8

90.9

100 0125.0158.5192.1210.6212.4209 8233.1259 5258.3

286.5330.8348 0366.8366 8400 0421.7444.0449.7487.9

506 5524.6565.0596.7637.7691.1756.0799 6873.4944.0

992 71,077.61,185.91,326 41,434.21,549.21,718.01,918.02,156.12,413.9

2,627.4

2 032 42il29.62,190.52,271.9

2,340.62,374.62,444.12,496.3

2,571.72,564.82,637.3

Less:Capital

consump-tion

allowanceswith

capitalconsump-

tionadjustment

9.7

7.4

8.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229 331.032.734 838.741.743.544.9

46 347.549.050.652.956.060.765 972.180.0

88.196.5

106.4116.5136.0159.3175.0196.0221.2253.6

287.8

210 0217.1224.9232.7

240.1249.8259.6265.1

274.6283.7291.8

Equals:Net

nationalproduct

93.7

48.4

82.2

91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5

263.0303.6318.7335.8334.1365.3383.0402.3406.2443.0

460.2477.0516.1546.1584.8635.0695.3733 7801.3864.0

904.7981.1

1,079.51 209.91,298.21,389.91,543.01,722.01,934.92,160.3

2,339.6

1822 41,912.51,965.62,039.2

2,100.52,124.82,184.62,231.2

2,297.12,281.12,345.5

PIUS:Subsidies

lesscurrentsurplus

ofgovern-mententer-prises

-0 .2

- . 0

.4

4.11

.16.7.9

- . 2- 1- . 3

.1_ . l_ 3

-3- 0

J1.1.1

41.71.81.11.71.62.5161.41.9

292.63.8341.12.41.03.13.63.1

4.7

453.71.84.4

2.43.04.02.7

3.13.76.3

Less:

Indirectbusinesstax andnontaxliability

7.1

7.1

9.4

10.111.311.812.814.215.517.118.420.121.3

23.425.327.729.729.632 235.137.538.741.8

45.448.051.654.658.862,665.370 278.986.6

94.3103.7111.5120.9129.1140.1151.7166.0178.1188.4

211.7

174.3179.6177.0181.4

184.5185.8190.0193.5

198.9206.3215.8

Busi-ness

transferpay-

ments

0.6

.7

.5

4.55.55.55

.67.8

.89

101.211121.41.51.61.8

202.02.12.42.72.83.0313.43.9

4 14.44.9555.87.47.98.28.79.4

10.5

858.68.78.9

9.19.39.69.8

10.110.310.6

Statis-tical

discrep-ancy

1.1

.7

1.4

11.6

- 8- 1 . 8

274.1

51.5

- 1 6.6

1.33.2172.32013

- 2 . 1-1 .2

.2- 1 . 3

- 2 4- . 12.11.7.1

-1 .21.4

- 3- 2 . 1-3 .9

- 1 54.13.3

83.75.55.14.46.42.2

1.7

- . 57.310.08.7

5.8.7

2.8- . 7

2.81.93.0

Equals:Nationalincome

84.8

39.9

71.4

79 7102.7135.9169.31821180.7178.6194.92199213.6

237.6274.1287 9302.1301.1330 5349.4365.2366.9400.8

415 7428.8462.0488.5524.9572.4628.1662 2722.5779.3

810.7871.5963.6

1 086.21,160.71,239.41,379.21,546.51,745.41,963.3

2,120.5

1 644.61,720.71,771.71,844.6

1,903.61,932.01,986.22,031.3

2,088.52,070.02,122.4



TABLE B-18.—Relation of national income and personal income, 1929-80


Year or quarter

1929

1933 .....

1939

1940194119421943194419451946194719481949

195019511952195319541955 .19561957..1958. . .1959

19601961. .1962....19631964 . ...19651966196719681969 .

19701971197219731974 . . .197519761977 . . ..1978. . .1979

1980 ".

1978

ii V " .. .IllIV . . . .

1979:1IIIJIIV

1980:1IIIF)

Nationalincome

84.8

39.9

71.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963.6

1,086.21,160.71,239.41,379.21,546.51,745.41,963.3

2,120.5

1,644.61,720.71,771.71,844.6

1,903.61,932.01,986.22,031.3

2,088.52,070.02,122.4

Less:

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-

ments

9.0

- 1 . 7

5.3

8.614.119.323.523.619.016.622.329.427.1

33.938.736.136.335.245.543.743.338.549.6

47.648.656.662.169.280.085.182.489.185.1

71.483.296.6

108.394.9

110.5138.1

-164.7185.5196.8

181.7

163.6185.2190.5202.7

201.9196.6199.5189.4

200.2169.3177.9

Netinterest

4.7

4.1

3.6

3.33.33.12.72.42.21.82.32.42.7

3.03.54.04.45.35.96.67.99.6

10.3

11.413.014.716.418.321.024.427.630.034.8

41.446.551.260.276.184.587.2

100.9115.8143.4

179.8

107.3112.3117.8125.7

133.4136.9146.8156.5

165.4175.3185.3

Contribu-tions for

socialinsurance

0.2

.3

2.1

2.32.83.54.55.26.16.15.85.45.9

7.18.59.09.1

10.111.512.914.915.218.0

21.121.924.327.328.730.038.843.447.955.0

58 664.674.292.4

104.3110.9126.0140.6161.8187.1

203.7

155.3159.9163.4168.5

182.3185.3188.5192.2

198.8199.5204.1

Wageaccruals

lessdisburse-

ments

0.0

.0

.0

.0

.0

.0

.2- .2

.0

.0

.0

.0

.0

.0

.1

.0- . 1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0- .1- .5

.0

.0

.0

.2- . 2

.0

.0

.0

.5

.4

.1- .9- .1

.2

-.2.0.5

Plus:

Govern-ment

transferpayments

topersons

0.9

1.5

2.5

2.72.62.72.53.15.6

10.811.210.611.7

14.411.612.112.915.116.217.320.124.325.2

27.030.831.633.434.837.641,649.556.462.8

76.190.099.8

114.0135.4170.9186.4199.3214.6239.9

284.0

208.5209.7218.7221.6

226.3232.0248.3253.3

261.6270.3300.1

Personalinterestincome

6.9

5.5

5.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5151.6173.2209.6

256.3

161.7168.5176.9185.6.

195.8202.6214.3225.7

239.9253.6261.8

Personaldividendincome

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22.222.624.126.529.129.936.538.743.148.6

54.4

40.842.043.945.8

47.548.348.650.1

52.454.255.1

Businesstransfer

payments

0.6

.7

.5

.4.5.5.5.5.5.5.6.7.8

.8

.91.01.21.11.21.41.51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.28.79.4

10.5

8.58.68.78.9

9.19.39.69.8

10.110.310.6

Equals:

Personalincome

85.0

47.0

72.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,538.01,721.81,943.8

2,160.5

1,637.91,692.11,747.71,809.3

1,864.61,906.31,972.32,032.0

2,088.22,114.52,182.1


3 3 3 - 5 H O 0 - 8 1 - 1 7 : QL 3 253Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-19.—National income by type of income, 1929-80

[Billions of dollars; quarterly data at seasonally adjusted annual ratesj

Year orquarter

1929 . .

1933....

1939 . .

19401941 . . .19421943 . . .19441945 . .. .194619471948 .1949

1950 .. . .19511952... .1953. . . .19541955195619571958 .. . .1959

19601961.. .1962. . ..1963 . . . .1964 .. .1965 . . ..1966 . ..19671968 . ..1969 ..

197019711972 ... .1973 . . ..19741975 ..1976 .1977 ...19781979

1980 P.

1978:III .IllIV

1979:Ijjlit '„IV

1980:

nZZZZZZ'.III

Nationalincomel

84.8

39.9

71.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.46281662.2722.5779.3

810.7871.5963.6

1,086.21,160.71,239.41,379.21,546.51,745.41,963.3

2,120.5

1,644.61,720.71,771.71,844.6

1,903.61,932.01 986.22,031.3

2,088.52,070.02,122.4

Compensationof employees

Total

51.1

29.5

48.1

52.164.885.3

109.5121.2123.1U8.1129.2141.4141.3

154.8181.0195.7209.6208.4224.9243.5256.5258.2279.6

294.9303.6325.1342.9368.0396.5439 3471.4519.9572.9

612,0652.2718.0801.3877.5931.4

1,036.31,152.31,299.71,460.9

1,596.5

1,238.11,282.31,316.51,361.7

1,409.91,439.01,476.71,518.1

1,558.01,569.01,597.4

Wagesand

salaries

50.5

29.0

46.0

49.962.182.1

105.8116.7117.5112.0123.1135.5134.7

147.0171.3185.3198.5196.8211,7228.3239.3240.5258.9

271,9279.5298.0313.4336,1362.0398 4427.0469.6515.7

548.7581.5635.2702.6765.2806.4889.9983.8

1,105.41,235.9

1,343.6

1,052.81,091.01,119.81,157.9

1,194.91,217.81,248.51,282.4

1,314.51,320.41,342.3

Supple-ments

towages

andsal-

aries2

0.6

.5

2.1

2.32.73.23.84.55.66.06.15.96.6

7.89.7

10.411.011.613.215.217.217.720.6

23.024.127.129.531.834.540 944.450.357.2

63.270.782.898.7

112.3125.0146.4168.5194.3225.0

252.9

185.4191.3196.8203.8

215.0221.2228.2235.7

243.5248.6255.0

Proprietors'

Total

15.0

5.9

11.8

13.017.524.229.130.431.836.735.940.936.4

38.743.243.441.841.242.943.945.347.747.6

47.248.649.950.552.556.960 561.264.067.0

66.269.476.993.888.790.094.1

103.5117.1131.6

130.6

110.3115.5118.2124.6

127.8129,4132 9X3S*3

133.7124.9129.7

itcome with inventory valuation and capital consumptionadjustments

Farm

Total

6.1

2.5

4.4

4.46.4

10.112.012.012.414.915.117.612.8

13716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114 1its12.714.6

14.315.018.732.826.524.619.118.426.130.8

23.4

22.924,926.130.6

30.932.630.229*5

25.723.322.1

Propri-etors'

inin-come3

6.3

2.6

4.5

4.56.5

10.312.212.212.715.215.718.213.5

14.416.916.013.913.312.212.112.114,111.9

12.612.913.012.811.513.814 913.513.715.7

15.616.420.434.629.028.022.822.631.036.6

30.3

27.529.731.135.8

36.338.336.235.7

32.330.229,0

Capitalconsump-

tionadjust-ment

- 0 . 2

.0

- .1

- .1- .2- .2- .2- .3- .3- .3- .5- .6-.7

-.7-.8-.8- .8- .8- .8- .9- .9- .9

- 1 . 0

- .9- .8- .8— 7- 7-.7— 8- .9

- 1 . 0- 1 . 2

- 1 . 3-1 .4- 1 . 6- 1 . 8- 2 . 5- 3 . 4- 3 . 7- 4 . 3- 4 . 9- 5 . 8

- 6 , 9

- 4 . 6- 4 . 8- 5 . 0- 5 . 2

- 5 . 4- 5 7—5.9

6 2

-6 .5- 6 . 9- 6 . 9

Nonfarm

Total

8.9

3.3

7.4

8.6* 11.1

14.117.118.419.421.820.823.323,6

25.027.228.228.628.731.432.734.234.5367

35.536.537.638.541.743.846448*51.352.5

51.954.458.161.062.265.475.085.191.0

100.7

107.2

87.490.592.194.0

96.896.8

102.7106.8

107.9101.6107.6

Propri-etors'

inin-come4

8.8

3.9

7.6

8.611714.417,118.319.323.321.823.1111

25.126.426.927.627.630.531.833.133.235.3

34.235.336.437.240.242745 341550.651.9

51754.558.162.365.867.477.187.193.8

105.2

112.6

89.793.194.997.4

100.5100.6107.3112 2

114.8105.5113.1

1 riven-tory"

valua-finniion

adjust-ment

0.1

- .5

- .2

.0- .6- .4- .2- .1- .1

- 1 . 7- 1 . 5- .4

.5

-1 .1- .3

.2- .2

.0- .2- .5- .3- .1

.0

.0

.0

.0

.0- .1- .2— .2

1.4- .5

- .5- .6- 7

=2.0=-3.7- 1 . 2- 1 . 2- 1 . 3- 2 . 2-3 .4

- 3 . 4

-1 .7=2.1- 2 . 2- 2 7

-3 .0- 3 . 1—3.5=40

- 5 . 3- 2 . 0-3 .5

Capitalconsump-

tionadjust-ment

- 0 . 1

.0

.0

.0

.0

.1

.2

.2

.2

.2

.5

.6

.9

1.01.01.11.21.21.21.41.41.41.4

1.31.21.21.41.51.313U1.11.1

.8

'.8.6.1

- .8=.9- 7- .6

- 1 . 0

- 1 . 9

_=. 7~'.8

- . 7=.8

1 7•*- l.t

1 *\—1.3

-1.6-1 .9-2 .0



TABLE B-19-—National income by type of income, 1929-80—Continued


Year or quarter

1929

1933193919401941194219431944194519461947194819491950195119521953195419551956195719581959. .1960 . ...19611962.19631964 . ..196519661967196819691970197119721973197419751976197719781979

1980"

1978:

ii;.'."."."...." *"HIIV

1979:1IIIll[V

1980:

IIIll

Rental income of personswith capital consumption

Total

4.92.22.62.73.14.04.44.54.6555.35.76.17.17.78.8

10.011.011.311.612.212.913.614.515.015.816.517.118.018.719.719 519.619 720.221.022.623 523^023.525.127.430.5

31.9

25.325.428.730.0

30.730.130.331.0

31231.532.0

Rentalincome

ofpersons

5.7

2.33.13.33.95.05.65.96.27.37.78.58.9

10.011.012.213.414.414:815.215.916.717.418.018.419.119.720.221.222.323.624.025.225827.129.032.135 336*839.244.250.858.9

65.1

46.748.352.755.3

56.757.659.761.4

62.964.565.9

Capitalcon-

sumptionadjust-ment

0 8

- .1- .6- .6- .8

-12- 1 . 4- 1 . 6- 1 . 8- 2 . 5- 2 . 8- 2 . 8- 2 . 9- 3 . 3- 3 . 4- 3 . 4- 3 . 3- 3 . 5- 3 . 6- 3 . 6- 3 . 8- 3 . 8- 3 . 5- 3 . 4- 3 . 4- 3 . 2- 3 . 2- 3 . 3- 3 . 6- 3 . 9- 4 5- 5 . 6- 6 1- 6 . 9- 8 . 0- 9 . 5

— 118— 1318- 1 5 . 6- 1 9 . 1- 2 3 . 4- 2 8 . 3

- 3 3 . 3

- 2 1 . 5-22 .9- 2 4 . 0- 2 5 . 3

-26 .0-27 .5- 2 9 . 4- 3 0 . 4

- 3 1 . 6- 3 3 . 0- 3 3 . 9

Corporate profits with inventory valuation and capital consumption

Total

9.0- 1 . 7

5.38.6

14.119.323.523.619.016622.329.427.133.938.736.136.335.245.543.743.338.549.647.648.656.662.169.280.085.182.489185.171483.296.6

108.394 9

nois138.1164.7185.5196.8

181.7

163.6185.2190.5202.7

201.9196.6199.5189.4

200.2169.3177.9

adjustments

Profits with inventory valuation adjustment andwithout capital consumption adjustment

Total

10.5- 1 . 2

6.59.8

15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.750.055.159.766.076.080.978.184.980.868.9

94^0105.696 7

120.6151.6176.7199.0212.7

199.2

174.9197.4205.4218.3

217.8213.0215.6204.5

215.6186.9195.9

Profits

Profitsbeforetaxes

10.01.07.2

10.017.921.725.324.219.824.831.835.629.242.944.539.641.238.749.249.648.141.952.649.849.755.059.666.577.283.079.788 586.775486.6

100.6125.6136 7132.1166.3192.6223.3255.4

241.2

196.5220.6227.9248.1

253.1250.9262.0255.4

277.1217.9237.6

Profitstax

liability

1.4

.51.42.87.6

11.414.112.910.79.1

11.312.410.217.922.619.420.317.622.022.021.419.023.622.722.824.026.228.030.933.732.539.239.534 237.541.649.051.650.663.872.683.087.6

80.1

71.283.385.092.3

88.586.488.487.2

94.271.578.5

Profits after tax

Total

8.6.4

5.77.2

10.310.311.211.39.1

15.720.523.219.025.021.920.220.921.127.227.626.722.928.927.126.931.133.438.546.349.447.249 447.2

41349.058.976.685.181.5

102.5120.0140.3167.8

161.1

125.4137.2142.9155.8

164.6164.6173.6168.2

182.9146.5159.1

Divi-dends

5.82.03.84.04.44.34.44.64.65.66.37.07.28.88.58.58.89.1

10.311.111.511.312.212.913.314.415.517.319.119.420.222 022.522 522.924.427.029.930.837.439.944.650.2

56.0

42.343.545.447.3

49.049.850.251.6

53.955.756.7

Undis-tributedprofits

2.8- 1 . 6

2.03.25.86.06.76.74.5

10 214.216.211.816.213.411.812.111.916.916.615.211.616.714.313.616.617.921.227.229.927.027 324.718 826.134.549.655.250.765.180.195.7

117.6

105.1

83.193.897.4

108.4

115.5114.8123.5116.6

128.990.7

102.4

Inven-tory

valua-tion

adjust-ment

0.5- 2 . 1- .7- .2

- 2 . 5- 1 . 2- .8- .3- .6

- 5 . 3- 5 . 9- 2 . 2

1.9- 5 . 0- 1 . 2

1.0- 1 . 0- .3

- 1 . 7- 2 . 7- 1 . 5- . 3- .3—.2

Q.1

- .5- 1 . 2- 2 . 1- 1 . 6- 3 7- 5 . 9- 6 6- 4 . 6- 6 . 6

-20 .0- 4 0 . 0- 1 1 . 6- 1 4 . 7- 1 5 . 8- 2 4 . 3- 4 2 . 6

- 4 2 . 0

- 2 1 . 6- 2 3 . 2- 2 2 . 6- 2 9 . 8

- 3 5 . 3- 3 7 . 9- 4 6 . 5- 5 0 . 8

- 6 1 . 4- 3 1 . 1- 4 1 . 7

Capitalcon-sumption

adjust-ment

- 1 . 4- .6

- 1 . 1- 1 . 2- 1 . 3- 1 . 2- 1 . 0- .3—2

- 3 0- 3 . 6- 4 . 0- 3 . 9- 4 . 0- 4 . 6- 4 . 5- 3 . 9- 3 . 2- 2 . 0- 3 . 2- 3 . 4- 3 . 2- 2 . 7- 2 . 0- 1 . 4

1.52.53.14.04.24.3434.3251.32.72.7

- 1 . 8- 1 0 . 1- 1 3 . 5- 1 2 . 0-13 .5-15 .9

-17 .5

- 1 1 . 3- 1 2 . 2- 1 4 . 9- 1 5 . 6

- 1 5 . 9-16 .4-16 .1-15 .1

- 1 5 . 4- 1 7 . 6- 1 7 . 9

Netinterest

4.74.1

3.63.33.33.12.72.42.2182.32.42.73.03.54.04.45.35.96.67.99.6

10.311.413014.716.418.321.024.427.630 034.841.446.551.260.276.184.587.2

100.9115.8143.4

179.8

107.3112.3117.8125.7

133.4136.9146.8156.5

165.4175.3185.3

1 National income is the total net income earned in production. It differs from gross national product mainly in that itexcludes depreciation charges and other allowances for business and institutional consumption of durable capital goods andindirect business taxes. See Table B-17.2 Employer contributions for social insurance and to private pension, health, and welfare funds; workmen's compensation,-directors' fees; and a few other minor items.

3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-20.—Sources of personal income, 1929-80


Year or quarter

1929

1933

1939

194019411942194319441945194619471948 . .1949

1950195119521953195419551956195719581959

19601961196219631964 . . . . .19651966196719681969

1970 . . ..1971 . . .1972197319741975197619771978 . . .1979. . .

1980 P

1978.

if! . . . *IIIIV

1979:

if.IllIV .

1980.

ifIII

Personalincome

85.0

47.0

72.4

77,995.4

122.6150.8164.5170.0177.6190.12090206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

4023417,8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1065 2U68.61,265.01 391.21,538.01,721.81,943.8

2,160.5

1,637.91,692.11,747.71,809.3

1,864.61,906.31,972.32,032.0

2,088.22,114.52,182.1

Wage and salary disbursementsl

Total

50.5

29.0

46.0

49.962.182.1

105.6116 9117!5112.0123.1135 5134.8

147.0171.3185.4198.6196.8211.7228.3239.3240.5258.9

2719279!5298.0313.4336.1362.0398.4427.0469.6515.7

548.7580.9635.2702 77657806.4889.9983.8

1,105.21,236.1

1,343.6

1,052.81,091.01,119.31,157.6

1,194.81,218.61,248.61,282.2

1,314.71,320.41,341.8

Commodity-producingindustries

Total

21.5

9.8

17.4

19.727.539.149.050445.946.054.261157.8

64.876.382.089.685.793.1

100.6104.2100.0109.6

11311137121.8126.9135.4146.0161.0168.3183.4199.6

203.0208.3227.325432747275.0307.3343.5389.1437.9

464.9

365.6384.8395.9410.3

425.1434.3441.6450.4

461.7456.0460.1

Manufac-turing

16.1

7.8

13.6

15.621.730.940.942938.236.542.547144.6

50.359364.171.267.573.879,482.478.686.8

89 789.8967

100.6107.1115.5128.0134.1145.8157.5

158.2160.3175.4196 221l!4211.0237.4266.0299.2333.4

350.2

285.8294.5302.5314.0

326.13317335.5340.4

347.9343.2346.7

Distrib-utive

indus-tries

15.6

8.8

13.3

14.216.318.020.122.724.831.035.237 537.7

39.844,346.949750.153.457760.560.864.8

68 269.372.876.381.487.294.4

100.9110,0120.8

130.3139.4152.1168 3184!6195.6216.6239.4270.5303.0

329.1

2587266.9273.4283.0

292.8297.5306.5315.0

322.6323.2329.2

Serviceindus-tries

8.4

5.2

7.1

7.58.19.09.9

10.911.914.316.117918.5

19.821523.124.926.128.631.333.635.638.5

41444! 147.250.254.458.964771.379.6897

98.3106.7118.21313i4s!e159.7177.4198.6226.1259.2

295.9

214.8222.3229.42377

247.0252.6263.4273.7

283.6290.8298.7

Govern-mentand

govern-ment

enter-prises

5.0

5.2

8.2

8.510.216.026.633.034.920.717.519 020!8

22.629233.334.434.936.638.841.044.146.0

49 252!456.360.064.969.978.386.496.6

105.5

117.1126.5137.5148 716(19176.1188 72023219.4236.1

253.6

2137216.9220.5226.5

229.8234.2237.1243.1

246.8250.5253.9

Otherlabor

income1

0.5.4

.6

.67.9

1.11.51.82.02.4272.9

37465.25.96.17.08.09.09.4

10.6

112ILB13.014.015.717.819.921725.228.5

32.536743.048 855!S64.575 989.0

102.2118.6

136.9

97.2100.41037107.4

111.6115.9120.9126.0

130.9135.1139.1

Proprietors'income with

inventoryvaluation and

capitalconsumptionadjustments

Farm

6.1

2.5

4.4

4.46.4

10.112.012.012.414.915.117 612.8

13.716115.113.112.511.511.211.113.210.9

11712!l12.312.010.813.114.112.612714.6

14.315.018.732 826!524.619118.426.130.8

23.4

22.924.926.130.6

30.932.630.229.5

25723.322.1

Nonfarm

8.9

3.3

7.4

8.611.114.117.118.419,421.820.823 323.6

25.027 228!228.628.731.432.734.234.536.7

35 536!537.638.541.743.846.448.651.352.5

51.954.458.161062!265.475085!l91.0

100.7

107.2

87.490.592.194.0

96.896.8

102.7106.8

107.9101.6107.6


256


TABLE B-20.—Sources of personal income, 1929-80—Continued


Year orquarter

1929

1933

1939

1940194119421943194419451946194719481949

19501951195219531954195519561957. ..19581959

1960. , ..1961.. ..1962 ..1963 . .19641965.. . .1966. ..19671968.196919701971197219731974197519761977197819791980 o ....

1978:

II.!"".". .IllIV. ..

1979:1IIIllIV

1980:1IIIll

Rentalincome

ofpersons

withcapitalcon-

sumptionadjust-ment

.4.92.2

2.6

2.73.14.04.44.5465.55.35.76.1

7.17.78.8

10.0no11.311.612.212.913.6

14.515.015.816.517.118.018.719.719.519.619.720.221.022.623.523.023.525.127.430.531.9

25.325.428.730.0

30.730.130.331.0

31.231.532.0

Personaldividendincomes

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.422.222.624.126.529.129.936.538.743.148.654.4

40.842.043.945.8

47.548.348.650.1

52.454.255.1

Personalinterestincome

6.9

5.5

5.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.169.474.880.993.9

112.4123.2132.5151.6173.2209.6256.3

161.7168.5176.9185.6

195.8202.6214.3225.7

239.9253.6261.8

Transfer payments

Total

1.5

2.1

3.0

3.13.13.13.03.66.2

11.311.711.312.5

15.212.613.114.116.217.518.721.625.927.0

28.932.833.835.837.440.444.752.659.866.780.194.4

104.7119.5141.2178.3194.3207.5223.3249.4294.5

216.9218.2227.4230.5

235.4241.3257.8263.1

271.7280.7310.7

Old-age,survivors,disabil-ity, andhealthinsur-ance

benefits

0.0

.0

.1

.1

.2

.2

.3

.4

.5

.6

.7

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9

104.9116.2131.8153.9

111.4112.3119.7121.5

1216126.5137.8139.3

142.0144.7163.2

Govern-mentunem-

ploymentinsur-ance

benefits

0.4

.5

.4

.4

.1

.1

.41.1.8.9

1.9

1.5.9

1.11.02.21.51.51.94.12.8

3.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8

17.615.812.79.79.8

16.0

10.99.79.58.8

9.29.49.8

10.6

11.416.019.0

Veteransbenefits

0.6

.6

.5

.5

.5

.5

.51.03.07.07.05.95.3

7.74.64.34.14.24.44.44.54.74.6

4.65.04.74.84.74.94.95.65.96.77.78.89.7

10.411.814.514.413.813.914.415.0

14.013.713.714.1

14.414.214.414.6

14.814.614.9

Govern-ment

employ-ee

retire-ment

benefits

0.12

.3

.3

.3

.3

.4

.4

.5

7.7.9

1.01.11.21.41.51.71.92.22.52.8

3.13.43.7A.24.75.26.16.97.68.7

10.211.813.816.019.022.726.129.032.737.042.8

31.232.232.934.3

35.036.437.339.2

40.242.343.1

Aid tofamilies

withdepend-

entchildren(AFOC)

Other

0.8

1.4

.1.7

1.71.81.81.82.02.02.1

.3

.4

.5

.6

.6

.5

.5

.6

.6

.6

.7

.8

.9

1.01.11.31.41.51.71.92.32.83.54.86.26.97.27.99.2

10.110.610.711.012.4

10.710.710.710.7

10.710.811.111.5

11.712.012.8

2.52.93.3

3.53.63.84.14.14.34.54.95.35.8

6.26.46.77.37.88.39.2

10.211.112.515.017.419.021.125.632.835.136.540.145.454.4

38.739.640.941.1

42.544.147.347.8

51.651.057.7

Less:Persona*contribu-tions for

socialinsurance

0.12

.6

.7

.81.21.82.2232.02.12.22.2

2.93.43.84.0465.25.86.76.97.9

9.39.7

10.311.812.613.317.§20.622.926.227.930.734.542.647.950.455.561.169.680.687.9

67.169.070.472.1

79.080.081.282.4

86.285.988.1

Nonfarmpersonalincome2

159.9171.9188.2190.4

210.2235.4253.1271.3273.9295.5318.0336.6344.4369.8

386.7401.6427.1449.7483.7522.6568.9611.9672.1733.9790.0846.5925.3

1,023.71,131.81,229.11,359.31,505.01,679.21,892.92,112.8

1,599.61,651.11,705.01,761.1

1,814.81,853.91,921.51,981.2

2,039.62,067.32,135.3

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-19 in thatexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.2 Personal income exclusive of farm proprietors'-income, farm wages, farm other labor income, and agricultural net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is

ised on the 1972 Standard Industrial Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-21.—Disposition of personal income, 1929-80


Year orquarter

1929

1933

1939

1940 ..1941.1942 ..19431944.1945.1946194719481949

19501951 .1952 .1953195419551956 . .195719581959

19601961 .1962 .1963 .19641965.. . .1966196719681969.

1970.1971 .19721973 . . . .1974 .1975...1976 .19771978.1979

1 9 8 0 " .

1978:1....II...III.IV. . . .

1979:

I L . .III.IV... .

1980:

ILIII.. . .

Personalincome

85.0

47.0

72.4

77.995.4

122.6150.8164,5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,538.01,721.81,943.8

2,160.5

1,637.91,692.11,747.71,809.3

1,864.61,906.31,972.32,032.0

2,088.22,114.52,182.1

Less:Personaltax andnontax

payments

2.6

1.4

2.4

2.63.35.9

17.818.920.818.721.421.018.5

20.628.934.035.532.535.439.742.442.146.0

50.4.52.156.860.358.664.974.582.197.2

115.7

115.8116.7141.0150.7170.2168.9196.8226.5258.8302.0

338.7

239.9251.4265.7278.3

284.4293.5308.4321.8

323.1330.3341,5

Equals:Ola sar

personalIncome

82.4

45.6

70.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998.3

1,096.11,194.41,311.51,462.91,641.7

1,821.7

1,398.01,440.71,482.11,531.0

1,580.21,612.81,663.81,710.1

1,765.11,784.11,840.6

Total

79.1

46.5

67.8

72.081.889.4

100.1109.0120.4145.2163.5176.9180.4

194.7210,0220.4233.7240.1258.5271.6286.4295.4317.3

332.3342.7363.5384.0411.0442.1477.7503.6551.5598.3

639.5691.1757.7835.5913.2

1,001.81,111.91,237.51,386.61,555.5

1,717.6

1,313.41,367.11,408.71,457.1

1,496.31,521.91,574.51,629.4

1,678.71,674.11,729.2

Less: Personal outlays

Personalcon-

sumptionexpendi-tures

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490,3536.9581,8

621.7672.2737.1812.0888.1976.4

1,084.31,205.51,348.71,510.9

1,670.1

1,278.31,330.11,369.91,416.6

1,454.11,478,01,529.11,582.3

1,631.01,626.81,682.2

Interestpaid byconsum-ers tobusi-

ness

1.5

.5

.7

.8

.9

.7

.5

.5

.5

.71.01.41.7

2.32.52.93.63.84.45.15.55.66,1

7.07.37.88.89.9

11.112.012.513.815.6

16.717.719.522.324.124.426.731.137.143.7

46.4

34.436.238.039.7

41.443.144,545.8

46.746.346.0

Per-sonal

transferpay-

mentsto

for-eigners(net)

0,3

.2

.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.4

.4

.4

.5

.5

.4

.5

.5

.4

.4

.4

.4

.5

.6

.6

.7

.7

.9

.8

.9

1.11,11.11.31.0

.9

.9

.9

.81.0

1.1

.7

.8

.7

.9

.8

.8

.91.3

1.01.01.0

Equals:Personalsaving

3.3

- 0 . 9

2.2

3.410.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.1

19.723.023.321.929.633.736,044.341.940.6

55.860.752.679.085.194.382.574.176.386.2

104.2

84.673.673.473.8

83.890.989.380.7

86.4110.0111.4

Percent of disposablepersonal income

Personal outlays

Total

• 96.0

102.0

96.9

95.588.876.775.374.880.891.496.994.196.0

94.292.992.792.793.494.092.792.892.693.8

94.493.794.094.693,392.993.091.992.993.6

92.091.993.591.491.591.493.194.494.894.8

94.3

94.094.995.095.2

94.794.494.695.3

95.193.893.9

Consump-tion

expend-itures

93.8

100.5

95.6

94.287.676.074.774.380.190.595.993.094.8

92.991.691.391.191.792.390.890.990.791.8

92.391.691.892.390.990.590.589.590.591.1

89.489.491.088.889.089.190.891.992.292.0

91.7

91.492.392.492.5

92.091.691.992.5

92.491.291,4

Personalsaving

4,0

- 2 . 0

3.1

4.511.223.324.725.219.28.63.15.94.0

5.87.17.37.36.66.07.37.27.46.2

5.66.36.05.46.77,17.08.17.16.4

8.08.16.58.68.58.66.95.65.25.3

5.7

6.15.15.04.8

5.35.65.44.7

4.96.261



TABLE B-22.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1972 dollars, 1929-80

[Quarterly data at seasonally adjusted annual rates, except as noted]

Year or quarter

1929

1933

1939 .

19401941 . . . .1942194319441945 . . .1946 ..194719481949 . . . .

1950 . . . . .1951 .1952 . ..1953 . . . .195419551956 . . . . .195719581959 . ..

1960 . ...1961196219631964 . .196519661967 _ .19681969

1970 . . .1971 .. . . . . . .1972 .. . . .1973 . . .19741975 . . . .197619771978 .1979

1980"

1978:IIIHIIV . .

1979:iII .. . . . . .IllIV

1980:

II111

Disposable persona! income

Total (billions ofdollars)

Currentdollars

82.4

45.6

70.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998.3

1,096.11 194 41,311.51,462.91,641.7

1,821.8

1,398.01,440.71,482.11,531.0

1,580.21,612.81,663.81,710.1

1,765 1178411,840.6

1972dollars

229.5

169.6

229.8

244.0277.9317.5332.1343.6338.1332.7319.0336.0336.9

362.93727383.2399.1403.3426.9446.3455.6460.7479.7

489.7•503.8524.9542.3580.8616.3646.8673.5701.3722.5

751.6779.2810.3865.3858.4875.8907.4939.8981.5

1,011.5

1,017.7

966.8975.5985.9998.0

1,005.71,006.91,015.71,017.7

1,021.01,008.21,018.5

Per capita(dollars)

Currentdollars

676

363

534

570691865973

1,0521,0661,1241,1701,2821,259

1,3621,4651,5151,5811,5831,6641,7411,8021,8321,903

1,9471,9912,0732,1442,2962,4482,6132,7572,9563,152

3,3933,6303,8804,3464,7105,1325,5506,0466,6887,441

8,176

6,4116,5946,7686,975

7,1867,3207,5337,722

7,9538 0208,249

1972dollars

1,883

1,349

1,754

1,8472,0832,3542,4292,4832,4162,3532,2142,2912,258

2,3932,4152,4412,5012,4842,5832,6532,6602,6452,697

2,7092,7422,8132,865

.3,0263,1713,2903,3893,4933,564

3,6683,7633,8804,1124,0504,1014,2164,3324,4874,584

4,567

4,4344,4654,5024,547

4,5744,5704,5984,596

4,6004,5324t565


Total (billions ofdollars)

Currentdollars

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,205.51,348.71,510.9

1,670.1

1,278.31,330.11,369.91,416.6

1,454.11,478.01,529.11,582.3

1,631.01,626.81,682.2

1972dollars

215.1

170.5

219.8

229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672.1696.8737.1768.5763.6780.2823.7863.9904.8930.9

933.0

884.1900.6911.2923.4

925.5922.8933.4941.6

943.4919.3930.8

Per capita(dollars)

Currentdollars

634

364

511

537605657111781854

1,0171,1221,1921,194

1,2661,3421,3831,4391,4521,5351,5811,6371,6621,747

1,7971,8231,9041,9792,0872,2142,3662,4672,6742,870

3,0343,2463,5293,8584,1904,5725,0385,5576,1666,848

7,496

5,8626,0886,2566,454

6,6136,7086,9237,145

7,34973137,539

1972dollars

1,765

1,356

1,678

1,7401,8261,7881,8151,8441,9362,1292,1222,1292,140

2,2242,2142,2302,2772,2782,3842,4102,4162,4002,476

2,5012,5112,5832,6442,7512,8682,9793,0323,1603,245

3,2803,3653,5293,6523,6033,6533,8283,9824,1364,219

4,188

4,0544,1224,1614,207

4,2094,1884,2264,252

4,2514[l334,172

Popula-tion

/thnn^inou-sands) »

121,875

125,690

131,028

132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188

151,684154,287156,954159,565162,391165,275168,221171,274174,141177,888

180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736

204,918207,084208,873210,440211,945213,566215,203216,928218,749220,643

222,804

218,052218,483218,983219,478

219,896220,335220,884221,455

221,938222,447223,126

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1959. Annual data are (orJuly 1 through 1958 and are averages of quarterly data beginning 1959. Quarterly data are average for the period. Data from 1980census not yet available.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).

259


TABLE B-23.—Gross saving and investment, 1929-80


Year orquarter

1929

1933

1939

19401941194219431944194519461947.. . .19481949. . .

195019511952 ."..19531954195519561957 119581959

1960....1961 .19621963196419651966196719681969

197019711972197319741975.19761977197819.79 -,

1980 "

1978:|IIIII....IV

1979:I||IIIIV

1980:

iiHI

Gross saving

Total

15.9

.9

8.8

13.518.610.75.42.45.2

35.141.749.835.6

50.756.951.049.850.967.575.975.262.678.3

81.178.786.793.6

104.0120.2127.3125.7136.0153.6

148.9161.6186.6235.5227.8218.9257.9304.0355.2411.9

403.9

326.9354.0359.4380 4

407.4416.2422.3402.0

404.5394.5402.0

Gross private saving

Total

14 9

2.2

n.o14.222.442.049.654.344.729.627.341.439 0i

42.750.854.856.758.164.470.774.375.379.9

78.083.090.592.9

106.3119.7128.6139.9142.0143.6

158.6180.3189.2227.7234.5282.7294.4322.4355.4398.9

437.6

344.7349.1358.33696

388.2401.2409.8396.4

413.0435.9446.5

Personalsaving

3.3

-.9

2.2

3.410.327.232.936.628.713.75.2

11.175

11.916.117.418.517.016.421.322.323.621.1

19.723.023.321.929.633.736.044.341.940.6

55.860.752.679.085.194.382.574.176.386.2

104.2

84.673.673.473 8

83.890.989.380.7

86.4110.0111.4

Grossbusinesssaving'

11.6

3.1

8.8

10.812.114.816.717.616.015.922.130.231.5

30.734.837.438.241.147.949.452.051.758.7

58.360.067.271.076.786.092.795.6

100.0103.0

102.8119.7136.61487149.4188.4211.9248.3279.1312.7

333.4

260.1275.5284.9295 8

304.4310.3320.5315.7

326.7325.8335.1

Government surplus ordeficit ( - ) , nationalincome and product

accounts

Total

1.0

- 1 . 4

- 2 . 2

- . 7- 3 . 8

-31.4-44.1-51 .8-39 .5

5.414.48.4

- 3 . 4

8.06.1

- 3 . 8- 6 . 9- 7 . 1

3.15.2

.9-12.6- 1 . 6

3.1- 4 . 3- 3 . 8

.7- 2 . 3

- 1 . 3-14.2

609.9

-10.6-19.4- 3 . 3

7.8- 4 . 7

-63.836 5

-18 .3- . 211.9

-34.8

17 74.91.1

108

18.113.9M.3

4.4

- 9 . 6-42.5-45.6

Federal

12

- 1 . 3

- 2 . 2

- 1 . 3- 5 . 1

-33 .1-46.6-54.5-42 .1

3.513.48.3

- 2 . 6

9.26.5

- 3 . 7-7 .1- 6 . 0

4.46.12.3

-10 .3- 1 . 1

3.0- 3 . 9-4 .2

.3- 3 . 3

- L 8-13.2- 6 . 0

8.4

-12.4-22.0-16 .8

- 5 . 6-11 .5-69 .3-53 .1-46.4-29.2-14 .8

-62.3

-48.8-27.4-22.8

17 9

-11 .5- 8 . 1

-15.2-24.5

-36.3-66.5-74.2

Stateandlocal

- 0 2

- .1

0

.613182.5272.6].9]0

.1_ 7

-1.2— 4~'o

.1- 1 . 1- 1 . 3- . 9

- 1 . 4- 2 . 4- 4

.1- . 4

.5

.510

- . 0

- 1 . 1.1

1.5

1.92.6

13.513.46.85.5

16.628.129.026.7

27.6

31.132.323.928 7

29.521.926.528.9

26.623.928.6

Capitalgrants

receivedby theUnitedStates{net) ^

• " • • • •

•

0.9

7,0

-2.0.0.0.0.0

1.1

1.1

.0

.0

.0

o1.11.11.11.1

1.11.11.1

Gross investment

Total

17 0

1.6

10.3

14.719.29.83.75.29.3

35.643.248.336.2

52.060.152.752.152.968.873.874.062.877.0

78.778.688.895,3

104.2119.0128.7125.4133.9149.7

147.4165.7189.9236.3231.5224.4263.0308.4361.6414.1

405.7

326.4361.3369.4-3OQ 1

413.2416.9425.1401.3

407.3392.5405.0

Grossprivate

domesticinvest-ment

16.2

1.4

9.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8

395.1

350.7377.7380.4

408.3423.2421.7410.0

415.6390.9377.1

Netforeigninvest-ment3

0.8

.2

1.0

1.51.3

- . 1- 2 . 1- 2 . 0- 1 . 3

4.99.32.4

.9

- 1 . 8.9.6

- 1 . 3.2.4

2.84.8

.9- 1 . 2

2.83.83.44.46.85.43.02.6

.6

.4

3.2

~l!l6.52.9

18.35.1

-13.9-13 .8

- 1 . 7

10.6

-24.2-16.4-10.9

o c

4.9- 6 . 3

3.4= 8.7

- 8 . 31.7

27.8

Statis-tical

discrep-ancy

11

.7

1.4

1.1.6

- . 8- 1 . 8

2.74.1

L5- 1 . 6

6

1.33.21.72.32.01.3

- 2 . 1- 1 . 2

- 1 3

- 2 . 4- . 12.11.7

-U1.4

- . 3- 2 . 1- 3 . 9

- 1 . 54.13.3

.83.75.55.14,46.42.2

1.7

- . 57.3

10.0o 7

5.8.7

2.8

2.8- 1 . 9

3.0

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.

3 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grantsreceived by the United States, net.

4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural TradeDevelopment and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a =$2.0 billion entry incapital grants received by the United States, net.



TABLE B-24.—Saving by individuals, 1946-801


Year orquarter

1946.194719481949

19501951195219531954

1955 .. .1956195719581959.

196019611962 .1 9 6 3 . . . .1964

1965. . . .1966196719681969

19701971197219731974

19751976197719781979

1978:

IL'.".". ."IllIV

1979:

ii .' .71IIIIV

1980:|||. 'Ill

Total

24.420.224.521.3

30.934.730.731.627.7

33.436.735.833.435.6

35.634.140.345.255.7

63.872.177.682.273.7

86.198.7

116.3138.4128.9

150.0164.6172.8198.2198.8

176.6196.7205.4214.2

184.4213.3204.2193.2

221.6220.1215.1

Total

18.813.29.19.9

13.719.123.222.822.2

28.030.228.631.637.4

32.535.940.647.356.1

59.058.470.476.264.5

78.8103.0128.8148.5142.4

167.2208.1241.7275.3291.6

243.4286.4288.6282.9

273.6305.3313.3271.1

311.9232.8314.8

Cur-rencyand

demanddepos-

its

5.6

- 2 . 9- 2 . 0

2.64.61.61.02.2

1.21.8

- .43.8.8

1.0- .9

- 1 . 24.25.2

7.52.49.9

11.1- 2 . 5

8.912.213.914.17.1

4.014.922.718.314.2

26.717.214.714.7

- 8 . 323.731.39.8

- 4 . 5- 3 . 927.7

Sav-ingsac-

counts

6.33.42,22.6

2.44.77.88.19.1

8.69.4

11.913.911.1

12.118.326.126.326.1

27.819,035.331.19.1

43.667.874.563.855.9

84.0109.3109.2105.281.0

91.2113.7117.198.8

85.967.8

103.566.7

82.7106.1122.8

Increase in financial assets

Moneymar-ket

fundshares

2.4

1.3- .0

.26.9

34.4

6.95.45.89.6

28.831.633.144.1

61.362.55.1

Securitie

Govern-ment

securi-ties2

- 1 . 51.61.31.8

-.1- .62.52.51.0

5.83.92.3

- 2 . 5• 1 0 . 1

2.41.81.81.25.1

3.911.7- .75.7

25.3

- 7 . 2-10 .1

1.924.127.7

23.012.118.330.350.3

35.332.526.527.1

66.560.722.551.3

84.3-39 .6

38.1

Corpo-rateequi-t ies 3

1.11.11.0.7

.71.81.61.0.8

1.02.01,51.5.6

- .5.3

- 2 . 0- 2 . 6- .1

- 2 . 1- .6

- 4 . 2- 6 . 4- 3 . 6

- 1 . 5- 5 . 1- 5 . 6- 6 . 7- 2 . 2

- 3 . 5- 3 . 2- 6 . 1- 6 . 2

-11 .9

- 8 . 8

-~5.'l-10 .2

- 7 . 5-10 .6-14.3-15 .0

-17 .47.8

- 9 . 2

s

Othersecuri-ties4

-0 .9- .8

.0- .4

-.7.3.0.3

- .9

.81.21.01.1

- .4

2.4.1.1

1.4.4

1.32.44.86.8

10.7

5.75.03.3

11.26.8

3.92.76.3

13.216.0

2.813.86.6

36.8

16.016.726.04.7

- 6 . 1-17 .5

6.0

Insur-anceand

pensionre-

serves5

5.35.45.35.6

6.96.37.77.97.8

8.59.59.5

10.411.9

11.512.112.713.916.1

16.919.218.619.821.5

23.927.429.433.036.2

43.552.665.377.974.7

71.073.290.776.4

63.181.176.777.8

76.891.789.9

Miscel-laneousfinancialassets6

2.82.42.21.6

1.91.92.02.12.1

2.12.52.83.53.3

3.64.33.22.93.2

3.74.46.78.14.0

5.45.8

11.49.18.5

11.019.725.829.732.9

25.431.332.429.8

29.134.334.431.6

34.725.834.5

Net investment in

Non-farm

homes

3.66.79.18.4

11.811.711.312.312.7

16.715.613.212.115.9

14.312.012.813.413.9

13.412.610.914.314.2

11.718.826.028.223.1

20.833.148.159.255.6

56.658.359.862.0

59.356.954.352.0

45.735.222.9

Con-sumerdura-bles

6.18.89.8

10.9

14.911.38.49.46.9

11.98.77.63.46.9

6.74.18.2

11.815.1

20.222.820.926.326.2

20.226.235.141.128.6

26.640.650.957.552.6

48.159.558.863.4

60.150.850.848.5

47.818.627.3

Non-cor-

poratebusi-nessas-

sets7

2.12.07.12.0

7.04.42.0.8

1.5

2.4.5

2.12.33.4

3.13.36.38.57.7

11.29.48.59.4

11.4

9.813.517.720.32.8

- .2- 1 . 0

5.96.9

10.5

5.35.26.7

10.4

8.59.7

10.313.7

7.5- 5 . 3- 2 . 6

Less: Net increase in

Mort-gagedebton

non-farm

homes

3.64.74.64.4

6.76.66.27.68.7

12.211.28.99.5

12.8

11.712.214.116.217.5

17.013.812.517.118.5

14.126.441.547.135.4

38.161.393.2

103.8110.2

95.3102.8104.1113.2

112.3110.8108.5109.3

104.456.577.2

debt

Con-sumercredit

3.13.73.23.2

4.81.65.34.21.5

7.23.92.9

.58.0

4.42.56.38.99.8

10.66.55.7

11.510.8

5.414.719.826.09.9

9.725.640.650.644.2

43.456.948.853.3

51.445.246.931.1

25.9-44.2

6.1

Otherdebt *«

- 0 . 52.22.82.2

5.03.62,81.95.5

6.43.23.86.07.2

4.86.57.2

10.69.8

12.610.815.015.313.3

14.821.729.926.522.7

16.729.240.046.257.2

38.153.055.738.0

53.353.469.051.8

61.048.964.1

1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,and State and local obligations.

3 Includes investment company shares.4 Corporate and foreign bonds and open market paper.6 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.6 Noncorporate business proprietors' equity, etc.7 Includes data for corporate farms.8 Other debt consists of security credit, policy loans, noncorporate business mortgage debt, and other debt.Source: Board of Governors of the Federal Reserve System.


TABLE B-25.—Money income (in 1979 dollars) and poverty status of families and unrelated individuals byrace of householder, 1952-79

Year

FAMILIES1

195219531954 ..'. . . ' . . .19551956. " .19571958195919601961 . . . .1962 ..1963 . . .1964196519661967196819691970 .1 9 7 1 .1972 . .197319741974* . . .19751976 .. .197719781979«>

UNRELATEDINDIVIDUALS*

1 9 5 2 . . . .1953195419551956 .. . .19571958195919601961...1962196319641965 . . .196619671968 . . . .1969197019711972197319741974*197519761977 . . .1978 . .. .1979

Total

Total

number(mil-lions)

40.841.242.042 943.543.744.245.1

3 45.5346.43 47.13 47.5348.03 48.53 49.2350.13 50.8351.6352 2

53.354.455.155.755.756.256.757.257.858.4

9.79.59.79.99.8

10.410.910.9

311.1311.2311.03 1 1 . 23 12 .13 1 2 . 2312.5313.2313.9314.6315 5

16.316.818.318.918.920.221.523.124.625.6

Martianwieuianincome

$10,6381151311,2541197612,76612,80712,77013,49013,77413.91514,29214,81515,37216,00516,84617.24618,01018,67718,44418,43319,28719,68418,89318,99018,50219,07319,17619,62619,684

$3,8533,7893,3003.5703,8093,8503,7303,8774,2164,2564,2064,2674,6414,9535,1225,1725,8135,8035 8645̂ 9436,1096,7526.5346,7756,5846,8547,0757,4607,578

Percent withincomes—

Belowpoverty

level

T&518.118.117.215.915.013.911.811.410.0

• 9.710.110.09.38.89.28.89.79.49.39.19.1

Belowpoverty

level

46.145.245.945.444.242.739.838.338.134.034.032 93li629.025,625.524.125.124.922.622.121.8

$25,000andover

5.5717.3809.79.3

10.112.213.414.515.517.018.620.122.624.427.429.328 728332.533.629.432.330.431.933.134.034.7

$15,000andover

3.63.83.74,34.55.86.66.77.28.79.7

10.411.212.212.113.415.915.316 216ll17.118.617.117.816.917.818.920.220.5

White

Totalnumber(mil-lions)

38.239 039.539.740.240.941.141,942.442.743.143.544.144.845.446.046.547.648.548.949.549.449.950.150.550.951.4

"BJ8.58.58.99.29.39.69.69.59.7

10.410.510.711.312.012.513 4R214.515.816.316.317.518.619.921.322.1

Medianincome

$11,25011,93711,71512 50513,35913,32813,30514,05314,30114,51214,96615,52416,04916,68117,50217,90118,64619,3921913419,12720,03820,57219,65919,73519,24219,81120,05120,43620,524

4,1543,9983,5513,7953,9104,1213,9974,1444,5594,5744,5024,4744,8865,1655,3865,3706,1596,0946 1376>106,3806,9746,8247,0206,8777,1487,3447,8227,855


Betowpoverty

level

15 214.914.813.912.812.211.19.39.08.07.7807.97.16.67.06.87.77.17.06.96.8

Belowpoverty

level

"44"l43.043.242.742.040.738.136.136.532.232.130 829̂ 627.123.723.221.822.722.720.419.819.6

$25,000andover

6.27.57.98.8

10.510.010.913.114.315.716.818.419.821.624.225.929.031.030.430.534.435.731.234.132.234.035.136.036.7

$15,000andover

3.84.54.24.95.06.87.37.57.89.5

10.711.612.213.413.314.517.016.717 4V.317.919.618.118.918.019.019.921.021.4

Black

Totalnumber(mil-lions)

i'3.82392 4.024.02 4.0M.2M.3M.5M.62 4.82 4.82 4.82 5.0

4.64.64.8495.25.35.45.55.55.65.85.85.96.0

nJ2 1 . 42 1 . 32 1 . 52 1 . 62 1 . 62 1 . 52 1 . 62 1.52 1 . 52 1 . 62 1 . 721.6

1.61.71.81 71./1.92.02.22.32.42.42.62.92.93.1

MoHianmedianincome

2 6,3942 6 6932 6,5252 6 8962 7,02927,1262 6,8162 7.25927,9172 7,7422 7,9862 8,2152 8,9822 9,186

210,49210,59811,18311,8781173711,54211,90911,87311,49311,78411,84011,78411,45512,10411,648

2 2 8742 3,1432 2,3582 2,5352 2 9032 2,61822,7112 2,6772 2,6182 2,8078 3,0042 3,0702 3,34923J662 3,386

3,8264,0984,170O QC7j,yo/4,0334,4575,1534,5034,7354,4334,8065,3134,9085,444


Belowpoverty

level

... „„...

2 49.02 49.02 48.02 43.72 40.02 39.7

35.533.929.427.929 528.829.028.127.826.927.127.928.227.527.6

Belowpoverty

level

57!6"2 59.3262.7262.12 58.32 55.02 50.7

54.449.346.346.7to.o46.042.937.941.039.342.139.837.038.636.9

$25,000andover

2 0.92 1 12 1 . 2

2.92 1 . 52 1 . 52 2.42 2.424.425.O2 4.324.82 6.42 6.728 2

9.211.312.113112.715714.612.514.813.714.915.217.217.0

$15,000andover

210*.32.5M2 1 12.9

81.52 2.42 2.42 3.02 3.4*3.325.12 5.224.6

5.67.36.27 9/,&7.5

10112^410.011.110.210.812.513.414.6

'The term family refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family.

2 Data for "black" include "other" races.3 Revised using population controls based on the 1970 census. Such controls are not available by race.4 Based on revised methodology; comparable with succeeding years.9 Based on householder concept. Restricted to primary families.•The term "unrelated individuals" refers to persons 15 years old and over as of March 1980 and 14 years old and over for previous

years (other than inmates of institutions) who are not living with any relatives... Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflects

different consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarm

^ ^ Z & W ^ ^ T ^ T ^ J S K t changes in the co"sumer price index-For lurther det8lls seeSource: Department of Commerce, Bureau of the Census.


TABLE B-26.—Population by age groups, 1929-80

[Thousands of persons]

July 1 TotalAge (years)

Under 5 5-15 16-19 20-24 25-44 45-64 65 andover

1929

1933.

1939

1940 .194]..19421943...1944..

19451946194719481949

1950. .1951195?.1953 .1954 .

1955...1956...1957..19531959

1960 .1961...1962.19631964

19651966196719681969

1970.19711972..1973..1974

1975 .1976..19771978,.1979

1980

121,767

125,579

130,830

132,122133,402134,860136,739138,397

139,928141,389144,126146,631149,188

152,271154,878157,553160,184163,026

165,931168,903171,984174,882177,830

180,671183,691186,538189,242191,889

194,303196,560198,712200,706202,677

204,878207,053208,846210,410211,901

213,559215,152216,880218,717220,584

222,807

11,734

10,612

10,418

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,60.7

16,41017,33317,31217,63818,057

18,56619,00319,49419,88720,175

20,34120,52220,46920,34220,165

19,82419,20818,56317,91317,376

17,14817,17716,99016,69416,288

15,87915,34515,24815,37815,649

26,800

26,897

25,179

24,81124,51624,23124,09323,949

23,90724,10324,46825,20925,852

26,72127,27928,89430,22731,480

32,68233,99435,27236,44537,368

38,49439,76541,20541,62642,297

42,93843,70244,24444,62244,840

44,77444,44143,94843,22742,538

41,95641,45940,57539,62338,643

t1)

9,127

9,302

9,822

9,8959,8409,7309,6079,561

9,3619,1199,0978 9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,543

10,215

10,68311,02511,18012,00712,736

13,51614,31114,20014,45214,800

15,27515,63515,94616,31016,590

16,79316,92816,96616,93516,838

t1)

10,694

11,152

11,519

11,69011,80711,95512,06412,062

12,03612,00411,81411,79411,700

11,68011,55211,35011,06210,832

10,71410,61610,60310,75610,969

11,13411,48311,95912,71413,269

13,74614,05015,24815,786-16,480

17,184

18,03218,34518,741

19,22919,63020,07720,46120,726

(M

35,862

37,319

39,354

39,86840,38340,86141,42042,016

42,52143,02743,65744,28844,916

45,67246,10346,49546,78647,001

47,19447,37947,44047,33747,192

47,14047,08447,01346,99446,958

46,91247,00147,19447,72148,064

48,43548,81150,25451,41152,593

53,73555,12956,70658,38060,161

t1)

21,076

22,933

25,823

26,24926,71827,19627,67128,138

28,63029,06429,49829,93130,405

30,84931,36231,88432,39432,942

33,50634,05734,59135,10935,663

36,20336,72237,25537,78238,338

38,91639,53440,19340,84641,437

41,97542,41342,78543,07743,319

43,54643,70743,79543,87643,910

6,474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313,20313,61714,07614,52514,93815,38815,80616,248

16,67517,08917,45717,77818,127

18,45118,75519,07119,36519,680

20,08720,48820,89221,34621,833

22,42022,95423,51324,06424,658

1 Not available.Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950. Data from 1980 census

not yet available.Source: Department of Commerce, Bureau of the Census.

263


TABLE B-27.—Noninstitutional population and the labor force, 1929-80

[Monthly data seasonally adjusted, except as noted]

Year or monthNoninsti-tutionalpopula-tion1

ArmedForces1

Civilian labor force

TotalEmployment

Total Agri-culiural

Nonagri-cultural

Unem-ployment

Unemploy-ment rate(percent

of civilianlabor

force)

Civilian labor forceparticipation rate8

Total Males Females

1929

1933 . . . .

1939 . .

1940 .194119421943 .1944

1 9 4 5 . . . .1946.1947 ..

1947.19481949

1950 ..195119521953 31954.

1955 ..1956..1957 ..19581959...

1960 *1961 .1962^1963 .1964

19651966 .19671968...1969 .

19701971..19723.19733..1974 ...

1975..1976 .1977. .1978».1979.

1980

Thousands of persons 14 years of age and over Percent

100,380101,520102,610103,660104,630

105,530106,520107,608

260

250

370

5401,6203,9709,02011,410

11,4403,4501,590

49,180

51,590

55,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,630

38,760

45,750

47,52050,35053,75054,47053,960

52,82055,25057,812

10,450

10,090

9,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,180

28,670

36,140

37,98041,25044,50045,39045,010

44,24046,93049,557

Thousands of persons 16 years of age and over

103,418104,527105,611

106,645107,721108,823110,601111,671

112,732113,811115,065116,363117,881

119,759121,343122,981125,154127,224

129,236131,180133,319135,562137,841

140,182142,596145,775148,263150,827

153,449156,048158,559161,058163,620

166,246

1,5911,4591,617

1,6503,1003,5923,5453,350

3,0492,8572,8002,6362,552

2,5142,5722,8282>382,739

2,7233,1233,4463,5353,506

3,1882,8162,4492,3262,229

2,1802,14421332,1172,088

2,102

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471,83373,091

74,45575,77077,34778,73780,734

82,71584,11386,54288,71491,01192,61394,77397,401100,420102,908

104,719

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,62779,12081,70284,40985,935

84,78387,48590,54694,37396,945

97,270

7,8907,6297,658

7,1606,7266,5006,2606,205

6,4506,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443,8173,606

3,4623,3873,4723,4523,492

3,3803,2973,2443,3423,297

3,310

49,14850,71449,993

51,75853,23553,74954,91953,904

55,72257,51458,12357,45059,065

60,31860,54661,75963,07664,782

66,72668,91570,52772,10374,296

75,16575,73278,23080,95782,443

81,40384,18887,30291,03193,648

93,960

1,550

12,830

9,480

8,1205,5602,6601,070

670

1,0402,2702,356

3,637

3,2882,0551,8831,834

' 3,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,9934,8404,3045,076

7,8307,2886,8556,0475,963

7,448

3.2

24.9

17.2

14.69.94.71.91.2

1.93.93.9

3.93.85,9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83,63.5

4.95.95.64.95.6

8.57.77.06.05.8

55.756.057.258.758.6

57.255.856.8

58.358.858.9

59,259.359.058.958.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659,660.1

60.460.260.460.861.2

61.261.662.363.263.7

7.1 63.8

83784.385.686.487.0

84.882.684.0

86.486.686.4

86.486.586.386.085.5

85.385.584.884.283.7

83.382.982.081.481.0

80.780.480.480.179.8

79.779.179.078.878.7

77.977.577.777.977.9

77.4

28,228.731.336.036.5

35.931.231.0

31.832.733.1

33.934.634.734.434.6

35.736,936.937.137.1

37.738.137.938.338.7

39.340.341.141.642.7

43.343.343.944.745.6

46.347.348.450.051.0

51.6



TABLE B-27.—Noninstitutional population and the labor force, 1929-80—Continued

[Monthly data seasonally adjusted, except as noted]

Year or month

Noninsti-tutionalpopula-tion1

ArmedForcesl

Civilian labor force

Total

Employment

Total ctilfuriralNonagri-cultural

Unem-ployment

Unemploy-ment rate(percent

of civilianlabor

force)

Civilian labor forceparticipation rate2

Total Males Females


1978:3

JanFebMar

fc .:.-JuneJulyAugSeptOctNovDec

1979.Jan..Feb....Mar..Apr...fayJune.

July...Aug..Sept.OctNovDec

1980:Jan.. .Feb .Mar

fr.June..July .Aug..Sept...OctNov....Dec...

159,937160,128160,313160,504160,713160,928

161,148161,348161,570161,829162,033162,250

162,448162,633162,909163,008163,260163,469

163,685163,891164,106164,468164,682164,898

165,101165,298165,506165,693165,886166,105

166,391166,578166,789167,005167,201167,396

2,1212,1242,1222,1182,1132,098

2,1162,1222,1232,1222,1172,108

2,0942,0942,0902,0822,0782,076

2,0822,0902,0922,0932,0922,089

2,0812,0862,0902,0922,0882,092

2,0992,1142,1212,1212,1192,124

99,10199,03199,33699,823

100,201100,507

100,603100,719100,937101,171101,576101,831

102,014102,393102,578102,213102,366102,556

103,015103,105103,492103,566103,605104,053

104,208104,271104,171104,427105,060104,591

105,020104,945104,980105,167105,285105,067

92,75292,86393,13393,78094,17794,680

94,49494,83794,99195,37495,65395,715

96,05696,40096,62296,29596,59096,838

97,27797,04897,52197,43497,50197,781

97,70897,81797,62897,22597,11696,780

96,99997,00397,18097,20697,33997,282

3,4003,2763,3053,3053,2823,436

3,3923,3603,3563,3653,2363,346

3,2753,3123,3043,2343,2263,276

3,2823,3423,3323,2813,3783,323

3,2873,3293,3373,2623,3523,232

3,2673,2103,3993,3193,3403,394

89,35289,58789,82890,47590,89591,244

91,10291,47791,63592,00992,41792,369

92,78193,08893,31893,06193,36493,562

93,99593,70694,18994,15394,12394,458

94,42194,48894,29193,96393,76493,548

93,73293,79393,78193,88793,99993,888

6,3496,1686,2036,0436,0245,827

6,1095,8825,9465,7975,9236,116

5,9585,9935,9565,9185,7765,718

5,7386,0575,9716,1326,1046,272

6,5006,4546,5437,2027,9447,811

8,0217,9427,8007,9617,9467,785

Percent

6.46.26.26.16.05.8

6.15.85.95.75.86.0

5.85.95.85.85.65.6

5.65.95.85.95.96.0

6.26.26.36.97.67.5

7.67.67.47.67.57.4

62.862.762.863.063.263.3

63.363.363.363.363.563.6

63.663.863.863.563.563.5

63.763.763.963.863.763.9

63.963.963.763.864.163.8

63.963.863.863.863.863.6

77.977.777.877.877.977.9

77.877.877.777.878.078.1

78.278.278.077.977.877.7

77.977.778.077.777.577.7

77.677.777.577.578.077.4

77.577.377.477.477.377.0

49.249.249.449.749.950.1

50.250.250.450.450.550.6

50.550.851.050.650.750.8

51.051.251.251.351.351.5

51.651.551.351.551.751.5

51.751.751.551.651.651.5

1 Not seasonally adjusted.2 Civilian labor force as percent of civilian noninstitutionaf population.3 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census

data added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation and about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment. Unemployment levels and rates were not significantlyaffected.

Note.—Labor force data in Tables B-27 through B-33 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historic comparability of the data, comparability with other series,etc., see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-28.—Civilian employment and unemployment by sex and age, 1947-80

[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year ormonth

194719481949

1950195119521953»1954

19551956195719581959

I9601

19611962 *19631984

19651966196719681969

197019711972 *1973*1974

1975197619771978>1979

1980

1979:JanFebMarAprMay.

JulyAugSeptOctNovDec

1980:JanFebMar

June


Total

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,62779,12081,70284,40985,935

84,78387,48590,54694,37396,945

97,270

96,05696,40096,62296,29596,59096,838

97,27797,04897,52197,43497,50197,781

97,70897,81797,62897,22597,11696,780

96,99997,00397,18097,20697,33997,282

[mployment

Males

Total

40,99541,72540,925

41,57841,78041,68242,43041,619

42,62143,37943,35742,42343,466

43,90443,65644,17744,65745,474

46,34046,91947,47948,11448,818

48,96049,24550,63051,96352,518

51,23052,39153,86155,49156,499

55,988

56,29356,39656,37956,32256,42656,586

56,66756,47356,78056,59456,50556,617

56,45856,63156,48956,05455,91455,597

55,67855,58955,75455,88155,89755,920

16-19years

2,2182,3452,124

2,1862,1562,1062,1351,985

2,0952,1642,U72,0122,198

2,3602,3142,3622,4062,587

2,9183,2523,1863,2553,430

3,4073,4703,7504,0174,074

3,8033,9044,1244,2794,236

4,016

4,2924,2644,2674,2374,2244,299

4,2604,1234,2604,1794,2054,253

4,1954,1954,2594,1194,0433,973

3,9643,7983,9313,9183,8903,875

20yearsandover

38,77639,38238,803

39,39439,62639,57840,29639,634

40,52641,21641,23940,41141,267

41,54341,34241,81542,25142,886

43,42243,66844,29344,85945,388

45,55345,77546,88047,94648,445

47,42748,48649,73751,21252,264

51,972

52,00152,13252,11252,08552,20252,287

52,40752,35052,52052,41552,30052,364

52,26352,43652,23051,93551,87151,624

51,71451,79151,82351,96352,00752,045

Females

Total

16,04516,61716,723

17,34018,18118,56818,74918,490

19,55120,41920,71420,61321,164

21,87422,09022,52523,10523,831

24,74825,97626,89327,80729,084

29,66729,87531,07232,44633,417

33,55335,09536,68538,88240,446

41,283

39,76340,00440,24339,97340,16440,252

40,61040,57540,74140,84040,99641,164

41,25041,18641,13941,17141,20241,183

41,32141,41441,42641,32541,44241,362

16-19years

1,6911,6831,588

1,5171,6111,6121,5841,490

1,5481,6541,6631,5701,640

1,7691,7931,8331,8491,929

2,1182,4692,4972,5252,686

2,7342,7252,9723,2193,329

3,2433,3653,4863,7023,748

3,587

3,7943,8313,8413,7623,7273,731

3,7423,6213,6933,7153,7623,743

3,7123,6263,5893,5743,6023,570

3,5933,5243,6223,5713,5333,542

20yearsandover

14,35414,93715,137

15,82416,57016,95817,16417,000

18,00218,76719,05219,04319,524

20,10520,29620,69321,25721,903

22,63023,51024,39725,28126,397

26,93327,14928,10029,22830,088

30,31031,73033,19935,18036,698

37,696

35,96936,17336,40236,21136,43736,521

36,86836,95437,04837,12537,23437,421

37,53837,56037,55037,59737,60037,613

37,72837,89037,80437,75437,90937,820

Unemployment

Total

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0884,9934,8404,3045,076

7f8307,2886,8556,0475,963

7,448

5,9585,9935,9565,9185,7765,718

5,7386,0575,9716,1326,1046,272

6,5006,4546,5437,2027,9447,811

8,0217,9427,8007,9617,9467,785

Males

Total

1,6921,5592,572

2,2391,2211,1851,2022,344

1,8541,7111,8413,0982,420

2,4862,9972,4232,4722,205

1,9141,5511,5081,4191,403

2,2352,7762,6352,2402,668

4,3853,9683,5883,0513,018

4,157

3,0363,0243,0092,9802,8882,801

2,9323,0233,0563,1013,1693,241

3,4483,3783,5003,9944,5434,496

4,5934,5584,5664,4984,4914,334

16-19years

270255352

318191205184310

274269299416398

425479407500487

479432448427441

599691707647749

957928861799795

896

835836821815805704

755788824768784806

819797764802974938

963946914966959909

20yearsandover

1,4221,3052,219

1,9221,029980

1,0192,035

1,5801,4421,5412,6812,022

2,0602,5182,0161,9711,718

1,4351,1201,060993963

1,6362,0861,9281,594f918

3,4283,0412>272,2522,223

3,261

2,2012,1882,1882,1652,0832,097

2,1772,2352^322,3332,3852,435

2,6292,5812,7363,1923,5693,558

3,6303,6123,65235323,5323,425

Females

Total

619717

1,065

1,049834698632

1,188

9981,0391,0181,5041,320

1,3661,7171,4881,5981,581

1,4521,3241,4681,3971,429

1,8532,2172,2052,0642,408

3,4453,3203,2672,9962,945

3,291

2,9222,9692,9472,9382,8882,917

2,8063,0342,9153,0312,9353,031

3,0523,0763,0433,2083,4013,315

3,4283,3843,2343,4633,4553,451

16-19years

144152223

195145140123191

176209197262256

286349313383386

395404391412412

506567595579660

795773781760733

744

717718701760741740

684731735791721755

738765748707808746

773751721731735701

20yearsandover

475564841

854689559510997

823832821

1,2421,063

1,0801,3681,1751,2161,195

1,056921

1,078985

1,016

1,3471,6501,6101,4851,748

2,6492,5462,4862,2362,213

2,547

2,2052,2512,2462,1782,1472,177

2,1222,3032,1802,2402,2142,276

2.3142,3112,2952,5012,5932,569

2,6552,6332,5132J322,7202,750

1 See footnote 3, Table B-27.Note.-See Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-29.—Selected employment and unemployment data, 1948-80

[Percent;1 monthly data seasonally adjusted]

Year or month

1948 .1949

19501951 .;..'... .;19521953195419551956195719581959

19601961 ....'..'. . '.19621963196419651966196719681969 .. "

1970197119721973197419751976197719781979

1980

1979:JanFebMar

May.. .'.June

JulyAugSept . . .OctNovDec

1980:JanFebMarAprMayinrte

til

OctNovDec

Allworkers

3.85.9

5.33.33.0295.5444.1436.855

5.56.7555.7524.53.83.83.63.5

4.95.95.6495.68.5777.06.05.8

7.1

5.85.95.85.85.656

5.6595.85.95.96.0

6.2626.36.9767.5

7.67.67.47.67.57.4

Unemployment

By sex and age

Bothsexes16-19years

9.213.4

12.28.28.576

12.6110.11.111615.914.6

14.716.814 717.216214 812.812.912.712.2

15.216.916.214 516.019.919 017.716.316.1

17.7

16.116.115.816.516315 2

15.216.416.416.515.916.3

16.516 616.216.418 918.3

18.718.817.818.518 617.8

Males20 yearsand over

3.25.4

4.72.52.42.54.93.83.43.66.24.7

4.75.74.64.5393.22.52.32.22.1

3.54.44.0323.86.75.95.24.24.1

5.9

4.14.04.04.03.839

4.04.14.14.34.44.4

4.84.75.05.86.46.4

6.66.56.66.46.46.2

Females20 yearsand over

3.65.3

5.14.03.22.95.54.44.24.16.15.2

5.16.3545.45.24.53.84.23.83.7

4.85.75.4485.58.07.47.06.05.7

6.3

5.85.95.85.75.656

v 5.45.95.65.75.65.7

5.85.85.86.26.56.4

6.66.56.26.76.76.8

rate1

By selected groups

Experi-enced

wage andsalary

workers

4.36.8

6.03.73.33.26.24.84.44.67.25.7

5.76.8565.55.04.33.53.63.43.3

4.85.75.3455.38.27.36.65.65.4

6.8

5.45.45.45.35.352

5.35.65.55.65.65.6

5.95.96.06.67.47.3

7.47.47.27.37.27.1

Marriedmen3

3.5

4.61.51.41.74.02.82.62.85.13.6

3.74.6363.42.82.41.91.81.61.5

2.63.22.8232.75.14.23.62.82.7

4.2

3.73.73.63.63.435

3.53.73.63.73.73.8

4.14.14.24.75.25.1

5.35.35.15.15.04.9

Womenwho

tainfamilies

-4-g-

4.44.4

5.47.37.2707.0

10.010 09.38.58.3

9.1

7.98.38.28.0859.0

8.18.08.08.48.58.5

9.08.58.69.08.38.5

8.89.09.0

10.29.9

10.4

Full-timeworkers3 <

575.02.62.5

5.23.83.74 07.2

6.7

5.54.94.23.53.43.13.1

4.55.55.14 35.18.1736.55.55.3

6.8

5.35.45.35.35.15.0

5.15.35.35.45.45.5

5.85.85.96.57.37.2

7.47.37.37.37.47.3

Blue-collar

workers4

4.28.0

123.93.634.7.2585.162

10.27.6

7.89.2747.36.35.34.24.44.13.9

6.27.46.5536.7

11.79.48.16.96.9

10.0

6.66.76.76.96.66.4

6.77.17.07.27.67.5

8.17.98.29.6

10.911.1

11.311.110.810.810.710.5

Employment aspercent of

population5

Total

55.854.6

55.255.755.455.353.855.156.155.754.254.8

54.954.254.254.154.555.055.655.856.056.5

56.155.556.056 957.055.356.157.158.659.3

58.5

59.159.359.359.1

•59.?59.?

59.459.259.459,?59.259.3

59.259.259.058.758.558.3

58.358.258.358.258?58.1

White

54.054.354.855.455.755.956.5

56.255.756.457 357.555.956.857.959.360.0

59.5

59.960.160.059.959,960.0

60.260.060.260,160.060.2

60.160.159.959,659.559.2

59.259.159.259.259.259.1

Blackand

other

55.2561

57.2

56.656.7

55.553.753.053 953.050.050 651.153,353.6

51.9

53.453.453.953.553.453.fi

54,053.654.053 753 453.3

53,15? 852.3

ftffl51.7

51.951.851,651.451551.3

1 Unemployment as percent of civilian labor force in group specified.2 Married men living with their wives. Data for 1949 and 1951-54 are for April; 1950, for March.3 Data for 1949-61 are for May.4 Includes craft and kindred workers, operatives, and nonfarm laborers. Data for 1948-57 are based on data for January, April, July,

and October.8 Civilian employment as percent of total noninstitutional population.Note.—See footnote 3 and Note, Table B-27.Source.- Department of Labor, Bureau of Labor Statistics.


TABLE B-30..—Civilian labor force participation rate by demographic characteristic, 1954-80

[Percent1, monthly data seasonally adjusted]

Year or month

1954

19551956...195719581959

I960;1961196219631964

19651966196719681969

19701971197219731974

19751976....197719781979

1980

1979:Jan....Feb..Mar.. ..

ft: • •June . . .

July.. . .Aug...Sept.OctNov..,Dec...

1980:Jan...,Feb...Mar..,

May ..June.

July...AUg...Sept....Oct....Nov... .Dec... .

Allwork-ers

58.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659.660.1

60.460.260.460.861.2

61.261.662.363.263.7

63.8

63.663.863.863.563.563.5

63.763.763.963.863.763.9

63.963.963.763.864.163.8

63.963.863.863.863.863.6

White

Total

58.2

58.759.459.158.958.7

58.858.858.358.258.2

58.458.759.259.359.9

60.260.160.460.961.4

61.561.962.663.464.0

64.2

63.964.064.063.863.863.8

64.064.064.264.164.064.3

64.364.364.164.364.564.2

64.264.164.164.264.163.9

Males

Total

85.6

85.485.684.884.383.8

83.483.082.181.581.1

80.880.680.780.480.2

80.079.679.679.579.4

78.778.478.578.678.6

78.3

79.079.078.878.678.578.6

78.778.578,778.478.478.5

78.578.678.578.578.978.3

78.378.278.278.278.177.9

16-19years

57,6

58.660.459.256.555.9

55.954.553.853.152.7

54.155.956.355.956.8

57.557.960.162.063.0

61.962.464.165.164.8

63.8

66.165.265.364.864.464.3

64.363.465.563.964.966.1

65.165.065.664.164.863.5

63.662.762.563.663.162.4

20yearsandover

87.8

87.587.686.986.686.3

86.085.784.984.484.2

83.983.683.583,283.0

82.882.382.081.681.4

80.780.380.380.280.2

79.9

80.580.580.380.280.180.2

80.380.280.280.180.080.0

80.080.179.980.180.580.0

80.079.979.979.879.879.6

Females

Total

33,3

34.535.735.735.836.0

36.536.936.737.237.5

38.139.240.140.741.8

42.642.643.244.145.2

45.946.948.149.550.6

51.3

50.250.450.550.250.450.4

50.650.850.951.050.951.2

51.351.251.151.351.451.3

51.451.351.351.351.451.2

16-19years

40.6

40.743.142.240.139.6

40.340.639.838.737.8

39.242.642.543.044.6

45.645.548.250.151.8

51.652.954.756.957.6

56.4

57.858.358.557.857.357.4

57.256.357.357.857.957.9

57.556.656.155.957.156.1

56.955.656.856.556.356.0

20yearsandover

327

34.035.135.235.535.6

36.236.636.537.037.5

38.038.839.840.441.5

42.242.342.743.544.4

45.346.247.448.749.9

50.8

49.449.649.749.449.649.7

50.050.250.250.350.250.5

50.750.750.650.850.850.8

50.850.950.750.850.950.7

Black and other

Total

64.3

64.264.964.464.864.3

64.564.163.263.063.1

62.963.062.862,262.1

61.860.960.060.360.0

59.359.460.061.861.8

61.2

61.561.962.261.961.561.8

61.861.761.962.061.461.6

61.661.260.761.061.561.1

61.761.461.561.461.361.0

Males

Total

85.2

85.085.184.384.083.4

83.082.280.880.280.0

79.679.078.577.676.9

76.574.973.773.873.3

71.570.771.072.171.9

70.8

71.972.372.571.971.972.1

72.072.272.571.970.971.1

71.270.870.370.670.870.8

71.470.871.670.970.970.3

16-19years

61.2

60.861.558.857.355.5

57.655.853.551.549,9

51.351.451.149.749.6

47.344.746.046.347.2

42.742.143.445.443.9

43.3

44.946.546.845.145.043.5

41.845.243.142.541.341.0

43.242.041.741.744.043.5

44.639.745.744.845.344.0

20yearsandover

87.1

87.887.887.087.186.7

86.285.584.283.984.1

83.783.382.982.281.4

81.479.978.578,477.7

76.475.675.676.576.4

75.1

76.276.476.676.276.276.6

76.976.577.276.675.675.8

75.675.374.875.075.075.0

75.675.775.675.074.974.4

Females

Total

46.1

46.147.347.248.047.7

48.248.348.048.148.5

48.649.349.549.349.8

49.549.248.749.149.1

49.250.250.953.353.5

53.4

53.053.453.853.753.053.5

53.453.153.154.053.753.9

53.853.352.853.153.953.2

53.853.853.253.653.554.8

16-19years

31.0

32.736.333.231.928.2

32.932.833.132,631.7

29.533.535.234.834.6

34.031.332.234.434.1

35.633.533.638.138.0

35.9

38.539.637.241.437.136.9

37.134.636.538.738.139.7

38.039.136.934.837.135.4

36.334.936.234.234.134.3

20yearsandover

47,7

47.548.448.649.849.8

49.950.149.649.950.7

51.151.651.651.452.0

51.751.851.151.351.3

51.252.653.455.555.6

55.8

55.055.356.055.455.255.7

55.655.655.456.155.755.8

55.955.255.055.556.255.5

56.156.255.556.156.055.9

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-31.—Unemployment rate by demographic characteristic, 1948-80

[Percent;l monthly data seasonally adjusted]

Year or month

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980

1979:JanFeb . . . .Mar ..

ivfay ",'„'. ' ". ".June

JulyAugSeptOctNov .Dec . .

1980-JanFebMarApr. ...MayJune ...

JulyAugSept ...OctNovDec

Allwork-

ers

3.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.06.05.8

7.1

5.85.95.85.85.65.6

5.65.95.85.95.96.0

6.26.26.36.97.67.5

7.67.67.47.67.57.4

White

Total

3.55.6

.4.93.1282.75.0

3.93.63.86.14.8

4.9604.95.04.6

4.13.33.4323.1

4.55.45.04.35.0

7.87.06.25.25.1

6.3

515.05.15.04.94.8

4.95.25.15.15.25.3

5.55.45.56.16.86.7

6.86.76.56.66.66.5

Males

Total

3.45.6

4.72.62.52.54.8

3.73.43.66.14.6

4.85.74.64.74.1

3.62.82.72.62.5

4.04.94.53.74.3

7.26.45.54.54.4

6.1

4.54.44.44.34.24.1

4.34.54.64.54.74.8

5.14.95.26.06.86.7

6.86.76.66.66.66.4

16-19years

114

11.310.511.515.714.0

14.015.713.715.914.7

12.910.510.710.110.0

13.715.114.212.313.5

18.317.315.013.513.9

16.2

14.214.314.214.114.212.0

13.314.414.613.613.914.1

14.413.813.515.017.817.4

17.517.516.217.317.716.4

20yearsandover

4*4

3.33.03.25.54.1

4.25.14.03.93.4

2.92.22.12.01.9

3.24.03.62.93.5

6.25.44.63.73.6

5.2

3.63.53.53.43.33.4

3.53.63.63.73.83.9

4.24.14.55.25.85.7

5.85.85.85.75.75.5

Females

Total

3.85.7

5.34.2333.15.5

4.34.24.36.25.3

5.36.55.55.85.5

5.04.34.6434.2

5.46.35.95.36.1

8.67.97.36.25.9

6.5

6.06.06.05.95.95.8

5.76.15.86.05.96.0

6.16.26.06.46.76.6

6.86.86.46.76.76.7

16-19years

....

10.4

9.19J9.5

12.712.0

12.714.812.815.114.9

14.012.111.512.111.5

13.415.114.213.014.5

17.416.415.914.413.9

14.8

13.813.413.414.013.713.9

13.714.414.214.613.714.3

14.014.614.714.516.314.7

15.415.513.814.514.914.2

20yearsandover

....

5.1

3.93.73.85.64.7

4.65.74.74.84.6

4.03.33.83.43.4

4.45.34.94.35.0

7.56.86.25.25.0

5.6

5.05.15.14.94.94.9

4.75.24.95.05.05.1

5.15.25.05.55.75.7

5.85.85.55.85.85.9

Black and other

Total

5.98.9

9.05.35.44.59.9

8.78.37.9

12.610.7

10.212.410.910.89.6

8.17.37.46.76.4

8.29.9

10.08.99.9

13.913.113.111.911.3

13.2

U.311.911.311.711.3U.I

10.711.110.711.411.011.5

11.911.711.912.613.613.5

13.913.714.114.214.014.0

Males

Total

5.89.6

9.44.95.24.8

10.3

8.87.98.3

13.7U.5

10.712.810.910.58.9

7.46.36.15.65.3

7.39.18.97.69.1

13.712.712.410.910.3

13.3

10.211.010.910.610.19.9

9.99.79.5

10.510.410.8

U.5U.511.212.313.514.0

14.414.615.314.314.113.9

16-19years

14 4

13.415.018.426.825.2

24.026.822.027.324.3

23.321.323.922.121.4

25.028.929.726.931.6

35.435.437.034.431.5

34.9

33.633.331.932.731.032.0

30.528.728.931.431.531.9

32.434.231.129.132.933.5

35.039.437.738.235.938.8

20yearsandover

9.9

8.47.47.6

12.710.5

9.611710.09.27.7

6.04.94.33.93.7

5.67.26.85.76.8

11.710.610.08.68.4

11.4

8.08.98.98.58.27.9

8.18.07.88.78.69.0

9.79.59.5

10.811.712.2

12.512.513.212.112.011.6

Females

Total

6.17.9

8.46.1574.19.2

8.58.97.3

10.89.4

9.411.911.011.210.7

9.28.79.18.37.8

9.310.8U.310.510.7

14.013.614.013.112.3

13.1

12.512.911.813.012.512.5

U.512.612.012.411.712.2

12.3U.912.612.913.712.9

13.312.712.814.114.014.1

16-19years

20,6

19.222.820.228.427.7

24.829.230.234.731.6

31.73L329.628.727.6

34.435.438.534.534.6

38.539.039.938.435.7

36.9

32.034.931.838.742.435.7

30.238.335.138.534.835.6

36.539.636.434.837.936.3

37.035.737.936.437.436.1

20yearsandover

8.4

7.77.86.49.58.3

8.31069.69.49.0

7.56.67.16.35.8

6.98.78.88.28.4

U.5U.311.710.610.1

11.1

10.610.710.010.39.8

10.4

9.810.410.010.09.6

10.0

10.19.3

10.511.111.610.9

U.310.910.612.312.212.3

1 Unemployment as percent of civilian labor force in group specified.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.

333-Si+O O - 81 - 18 : QL 3 269Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-32.—Unemployment by duration, 1947-80

[Monthly data seasonally adjusted1]

Year or monthTotal

unem-ploy-ment

Duration of unemployment

Less than 5-145 weeks weeks

15-26weeks

27 weeksand over

(mean)durationin weeks


1947,.1948.1949..

19501951.195219531954

19551956195719581959

1960 .19611962.19631964

1965 .1966196719681969..

19701971 .1972 .19731974

1975. .1976..,197719781979

1980

1979:JanFeb..Mar

tJune.JulyAug.SeptOct .NovDec...

1980:Jan.Feb.MarAprMayJune

JulyAugSeptOctNov .Dec

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0884,9934,8404,3045,076

7,8307,2886,8556,0475,963

7,448

5,9585,9935,9565,9185,7765,718

5,7386,0575,9716,1326,1046,272

6,5006,4546,5437,2027,9447,811

8,0217,9427,8007,9617,9467,785

1,2101,3001,756

1,4501,1771,1351,1421,605

1,3351,4121,4081,7531,585

1,7191,8061,6631,7511,697

1,6281,5731,6341,5941,629

2,1372,2342,2232,1962,567

2,8942,7902,8562,7932,869

3,208

2,7372,8222,7742,8422,7252,848

2,7753,1562,8512,9722,9762,984

3,1633,0493,0053,2583,7143,281

3,3173,2553,0423,1863,1083,115

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,2891,5781,4591,2961,572

2,4522,1592,0891,8751,892

2,411

1,9471,9151,8851,8751,8611,753

1,8681,7352,0091,9621,8802,000

1,9942,1342,2072,3732,5892,812

2,6492,5332,5862,5002,5242,217

234193428

425166148132495

366301321785469

503728534535491

404287271256242

427665597475563

1,2901,003896746684

1,028

693704745675686653

629657635681680717

776794796931980

1,024

1,0931,2391,3661,2561,2131,231

164116256

357137

8478

317

336232239667571

454804585553482

351239177156133

235517562337373

1,1931,3361,015

633518

802

524547569530505504

445517507510531530

543505595668706753

842911929

1,0361,1161,147

8.610.0

12.19.78.48.0

11.8

13.011.310.513.914.4

12.815.614.714.013.3

11.810.48.88.57.9

11.412.110.09.7

14.115.814.311.910.8

11.9

11.211.311.711.010.910.5

10.310.610.610.510.610.6

10.610.711.011.210.611.7

11.812.513.013.313.613.5

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.—See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-33.—Unemployment by reason, 1967-80

[Monthly data seasonally adjusted1]

Year or monthTotal

unem-ploy-ment

Job losers Job leavers Reentrants


196719681969

19701971 . ..1972 .. .19731974

1975197619771978 .1979

1980

1980:Jan.. .FebMar ..Apr . ...f̂JuneJuly .AugSept ...OctNovDec. . .

1967..1968..1969.

1970. ...197119721973.. ..1974 ..

1975..1976.19771978 .1979

1980..,

1980:JanFeb.Mar.

May'June

July..Aug..SeptOcfNov.Dec

2,9752,8172,832

4,0884,9934,8404,3045,076

7,8307,2886,8556,0475,963

7,448

6,500

7,2027,9447,811

8,0217,9427,8007,9617,9467,785

3.83.63.5

4.95.95.64.95.6

8.57.77.06.05.8

7.1

6.26.26.36.97.67.5

7.67.67.47.67.57.4

1,2291,0701,017

1,8092,3132,0891,6662,205

4,3413,6253,1032,5142,555

3,860

3,0382,9793,1023,5814,1644,468

4,3644,3194,3874,2404,2294,226

438431436

549587635674756

812886889851854

863

807831804905930887

866890855870897813

945909965

1,2271,4661,4441,3231,441

1,8651,8951,9261,8141,758

1,875

1,7971,8121,9091,9751,834

1,8681,8831,8442,0131,8961,869

Percent of civilian labor force

1.61.31.2

2.22.82.41.92.4

4.73.83.22.52.5

3.7

2.92.93.03.44.04.3

4.24.14.24.04.04.0

0.6

is.7.7.7

.9

.9

.8

.8

.8

.8

.8

.9

1.21.21.2

1.51.71.71.51.6

2.02.02.01.81.7

1.8

1.71.71.71.81.91.8

1.81.81.81.91.81.8

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.-See footnote 3 and Note, Table B-27.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-34.—Unemployment insurance programs, selected data, 1946-80

Year or month

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weekly

aver-a g e ) "

Totalbenefits

paid(millions

ofdollars)2 *

State programs

, Insuredunem-

ploymentInitialclaims

Exhaus-tions5

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

Total(millions

ofdollars) *

Averageweeklycheck

(dollars)9

Thousands Weekly average; thousands

194619471948.19491950195119521953.195419551956195719581959.196019611962196319641965196619671968196919701971 ..1972...1973 ,.197419751976.1977,,19781979

31,85633,87634,64633,09834,30836,33437,00638,07236,62240,01842,75143,43644,41145,72846,33446,26647,77648,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,804'92,062

1979:JanFebMar

JuneJulyAugS e p t .OctNovDec

1980:JanFebMar. . .

May!'.' .June

JulyAug..SeptOct....Nov....

2,8041,7931,4462,474

1,6051,0001,0691,0672,0511,3991,3231,5712,7731,860

2,0712,9941,946

71,9731,7531,4501,1291,2701,1871,177

2,0702,6082,1921,7932,5584,9373,8463,3082,6452,592

3,1983,2092,9212,6102,2302,119

2,4292,3772,1642,2362,5593,047

3,7403,7303,6523,6293,6803,790

4,1403,9113,9613,6613,726

2,878.51,785.51,328.72,269.8

1,467.6862.9

1,043.51,050.62,291.61,560.21,540.61,913.04,290.62,854.3

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6

4,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

1,036.6972.1

1,043.0844.2793.2662.9

715.1820.2656.1741.2795.9909.0

1,368.21,307.01,323.81,378.31,338.31,333.8

1,579.51,441.81,503.0

1,295997980

1,973

1,513969

1,044990

1,8701,2651,2151,4462,5101,684

1,9082,2901,783

71,8061,6051,3281,0611,2051,1111,101

1,8052,1501,8481,6322,2623,9862,9912,6552,3592,434

2,3452,3292,3362,3812,3072,320

2,4092,4922,4882,5402,6432,631

2,7292,6852,8573,2043,7174,009

3,8803,7783,8023,5893,332

1891872003402362082152183042262272703692773313503027 298268232203226201200296295261247363478386375346388

352346359433355380390394394402405416

414389455574642617

530506494446403

4.33.13.06.2

4.62.82.92.85.23.53.23.66.44.4

4.85.64.44.33.83.02.32.52.22.1

3.44.13.52.73.56.04.63.93.32.9

3.03.03.03.02.92.9

2.93.03.03.03.13.1

3.23.13.33.74.34.7

4.54.44.44.13.8

1,094.9775.1789.9

1,736.0

1,373.1840.4998.2962.2

2,026.91,350.31,380.71,733.93,512.72,279.0

2,726.73,42272,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9

3,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

972.8915.1975.6777.7725.2610.3

665.7765.0606.3674.0728.4843.9

1,283.91,229.91,218.21,232.21,196.81,213.6

1,397.51,249.81,144.9

18.5017.8319.0320.48

20.7621.0922.7923.5824.9325.0427.0228.1730.5830.41

32.8733.8034.5635.2735.9237.1939.7541.2543.4346.17

50.3454.0256.7659.0064.2570.2375.1678.7983.6789.67

88.2890.3190.2889.2888,3787.25

86.4088.5689.1090.5992.2394.54

96.4198.3999.1999.5299.5599.88

98.7599.6899.86

**Monthly data are seasonally adjusted.•Includes persons under the State, UCFE (Federal employee, effective January 1955), and RRB (Railroad Retirement Board)

programs. Beginning October 1958, also includes the UCX program {unemployment compensation for ex-servicemen).includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA

(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits) and SUA (special unemployment assistance) programs.3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts. •8 Individuals receiving final payments in benefit year.6 For total unemployment only.

7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage andsalary earners.

Source: Department of Labor, Employment and Training Administration.


TABLE B-35.—Wage and salary workers in nonagricultural establishments, 1929-80

[Thousands of persons; monthly data seasonally adjusted]

Year ormonth

192919331939194019411942194319441945194619471948194919501951 ... .1952.. .195319541955195619571958. . ..1959.19601961196219631964196519661967196819691970 . .19711972197319741975.. . .19761977197819791980". .

1979:JanFebMar

day!!!!!!!!!!!JuneJulyAugSeptOctNovDec

1980:JanFebMar!!!!!.!!..!.

X':::::::JuneJulyAugSeptOctNov"Dec"

Totalwageand

salarywork-

ers

3132423 69930,60332,36136,53940,10642,43441,86440,37441,65243 85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358 28360 76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,88690,652

88,85889,10989,45589,38689,70889,90990,05490,22290,28390,44190,55290,678

91,03191,18691,14490,95190,46890,04789,86790,14290,38490,71090,91791,122

Manufacturing

Total

10,7027 397

1O',27810,98513,19215,28017,60217,32815,52414,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,06220,365

21,04021,09421,13021,11321,11321,13221,12821,05521,07121,04320,96620,983

20,97120,95720,93820,64220,28620,01419,82819,94020,04420,15720,28220,349

Durablegoods

4,7155,3636,9688,823

11,08410,8569,0747,7428,3858,3267,4898,0949,0899,349

10,1109,1299,5419,8339,8558,8299,3739,4599,0709r4809,6169,816

10,40511,28211,43911,62611,89511,20810,63611,04911,89111,92510,68811,07711,59712,27412,77212,218

12,71712,78112,81412,81112,81012,83712,84112,78212,82212,76412,69312,706

12,68112,71512,70712,44212,14011,94711,81911,86011,95512,04312,14712,185

Non-durablegoods

5,5645,6226,2256,4586,5186,4726,4506,9627,1597,2566,9537,1477,3047,2847,4387,1857,3417,4117,3217,1167,3037,3377,2567,3737,3807,4587,6567,9308,0078,1558,2728,1587,9878,1028,2628,1527,6357,9208,0868,2318,2908,147

8,3238,3138,3168,3028,3038,2958,2878,2738,2498,2798,2738,277

8,2908,2428,2318,2008,1468,0678,0098,0808,0898,1148,1358,164

Mining

1,087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851960

1,025

927936940941946953963974976982985992

9991,0071,0091,0121,0231,0291,0131,0131,0281,0371,0541,070

Construc-tion

1,512824

1,1651,3111,8142,1981,5871,1081,1471,6832,0092,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4834,468

4,3964,3474,4674,4194,4634,4724,4914,4994,5074,5294,5534,615

4,74543594,5294,4674,4364,3794,3224,3594,4044,4424,4684,497

Transpor-tationand

publicutilities

3,9162,6722,9363,0383,2743,4603,6473,8293,9064,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1415,155

5,0615,0825,1035,0085,1105,1685,1565,1825,1855,2035,2165,212

5,2025,1985,2025,1785,1675,1345,1145,1295,1245,1475,1335,135

Whole-saleand

retailtrade

6,1234,7556,4266,7507,2107,1186,9827,0587,3148,3768,9559,2729,2649,3869,742

10,00410,24710,23510,53510,85810,88610,75011,12711,39111,33711,56611,77812,16012,71613,24513,60614,09914,70515,04015,35215,94916,60716,98717,06017,75518,51619,54220,26920,571

20,05820,12620,15920,17620,20920,21720,25420,30120,35220,41420,47920,448

20,52920,63720,61020,53120,48720,45920,50620,58920,62020,64120,64720,626

Finance,insur-ance,andreal

estate

1,4941,2801,4471,4851,5251,5091,4811,4611,4811,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6292,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9745,162

4,8724,8894,9054,9244,9514,9704,9895,0195,0175,0335,0495,064

5,0915,1015,1155,1195,1375,1505,1675,1805,1945,2145,2275,240

Services

3,4252,8613,5023,6653,9054,0664,1304,1454,2224,6975,0255,1815,2405,3575,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6207,9828,2778,6609,0369,498

10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30316,25217,07817,736

16,72816,83116,92816.94417,02917,07417,11417,15217,19217,26417,30817,362

17,46217,54017,58017,61817,65917,65217,76017,78817,86117,91317,95118,025

Government

Federal

533565905996

1,3402,2132,9052,9282,8082,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,867

2,7572,7592,7582,7602,7702,7832,7842,8112,7622,7692,7732,773

2,7912,8262,8863,1152,9602,9512,8932,8282,7652,7882,7932,808

Stateandlocal

2,5322,6013,0903,2063,3203,2703,1753,1163,1373,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,823

10,18510,64911,06811,44611,93712,13812,39912,91913,14713,304

13,01913,04513,06513,10113,11713,14013,17513,22913,22113,20413,22313,229

13,24113,26113,27513,26913,31313,27913,26413,31613,34413,37113,36213,372

Note.—Data in Tables B-35 through 8-37 are based on reports from employing establishments and relate to full- and part-time wage and salary workers in nonagricultural establishments who worked during or received pay for any part of the payperiod which includes the 12th of the month. Not comparable with labor force data (Tables B-27 through B-33), which includeproprietors, self-employed persons, domestic servants, and unpaid family workers,* which count persons as employed when theyare not at work because of industrial disputes, bad weather, etc., even if they are not paid for the time off; and which arebased on a sample of the working-age population. For description and details of the various establishment data, see"Employment and Earnings."



TABLE B-36.—Average weekly hours and hourly earnings in selected private nonagricultural

industries, 1947-80

[For production or nonsupervisory workers; monthly data seasonally adjusted]

Year ormonth

194719481949

19501951195219531954

19551956195719581959

I960...1961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980"

1979:JanFebMar

fczzJune


1980:JanFebMarAprMayJune

JulyAugSeptOctN o vDec"

Average weekly hours

Totalprivate

non-agricul-tural1

40.340.039.4

39.839.939.939.639.1

39.639.338.838.539.0

38.638.638.738.838.7

38.838.638.037.837.7

37.136.937.036.936.5

36.136.136.035.835.6

35.3

35.735.735.935.335.635.6

35.635.735.635.635.635.7

35.635.535.435.335.135.0

34.935.135.235.335.435.4

Manufac-turing

40.440.039.1

40.540.640.740.539.6

40.740.439.839.240.3

39.739.840.440.540.7

41.241.440.640.740.6

39.839.940540.740.0

39.540.140.340.440.2

39.7

40.640.640.639.340.240.1

40.140,140.140.140.140.2

40.340.139.839.839.339.1

39.039.439.639.739.940.2

Con-struction

38.238.137.7

37.438.138.937.937.2

37.137.537.036.837.0

36.736.937.037.337.2

37.437.637.737.337.9

37.337.236.536.836.6

36.436.836.536.837.0

37.0

36.736.937.535.637.137.2

36.937.337.536.837.037.2

37.337.136.636.736.837.1

36.836.537.437.037.137.0

Whole-saleand

retailtrade

40.540.440.5

40.540.540.0

: 39.5< 39.5

39.439.138.738.638.8

38.638.338.238.137.9

37.737.136.636.135.7

35.335.134.934.634.2

33.933.733.332.932.6

32.1

32.532.632.732.832.632.6

32.632.632.632.632.632.6

32.632.432.332.032.131.9

31.832.032.132.232.232.2

Average gross hourly earnings,current dollars

Totalprivate

non-agricul-tural l

$1,1311.2251.275

1.3351.451.521.611.65

1.711.801.891.952.02

2.092.142.222.282.36

2.462.562.682.853.04

3.233.453.703.944.24

4.534.865.255.696.16

6.66

5.965.996.036.036.086.13

6.176.226.266.286.346.39

6.416.456.516.546.576.62

6.676.716.776.836.916.95

Manufac-turing

$1,2161.3271.376

1.4391.561.641.741.78

1.851.952.042.102.19

2.262.322.392.452.53

2.612.712.823.013.19

3.353.573.824.094.42

4.835.225.686.176.69

7.27

6.476.526.566.576.656.69

6.736.756.796.826.876.91

6.936.997.067.117.157.22

7.307.367.427.497.58,7.64

Con-struction

$1,5401.7121.792

1.8632.022.132.282.38

2.452.572.712.822.93

3.073.203.313.413.55

3.703.894.114.414.79

5.245.696.066.416.81

7.317.718.108.669.27

9.93

8.969.069.059.139.209.21

9.299.339.399.409.489.55

9.469.649.759.799.839.89

9.9410.0410.0510.1410.2010.29

Whole-saleand

retailtrade

$0,9401.0101.060

1.1001.181.231.301.35

1.401.471.541.601.66

1.711.761.831.891.97

2.042.142.252.412.56

2.722.883.053.233.48

3.733.974.284.675.06

5.48

4.914.934.974.995.015.05

5.075.115.135.155.205.23

5.285.315.375.385.425.45

5.505.535.565.595.655.68

Adjusted hourly earnings, totalprivate nonagricultural3

Index,1967-100

Currentdollars

42.646.048.2

50.053.756.459.661.7

63.767.070.373.275.8

78.480.883.585.988.2

91.295.3

100.0106.2113.2

120.7129.2137.5146.0157.5

170.6183.0196.8212.9229.8

250.6

222.6224.0225.2226.7227.6229.2

230.8232.3234.3235.0237.3239.4

240.3242.4245.2246.2248.3250.9

252.1254.0255.4257.9260.7261.6

1967dollars3

63.763.867.5

69.369.070.974.476.6

79.482.383.484.586.8

88.490.292.293.795.0

96.698.0

100.0101.9103.1

103.8106.5109.7109.7106.7

105.9107.3108.4109.0105.6

108.4107.8107.3106.9106.3105.9

105.5105.2104.9104.2104.1103.8

102.7102.2102.0101.4101.4101.5

102.0102.0101.5101.5101.6

Percent changefrom a year

earlier4

Currentdollars

So4.8

3.77.45.05.73.5

3.25.24.94.13.6

3.43.13.32.92.7

3.44,54.96.26.6

6.67.06.46.27.9

8.37.37.58.27.9

9.1

8.28.48.28.07.87.9

7.88.08.27.78.28.3

7.98.28.98.69.19.4

9.29.39.09.79.89.3

1967dollars

0.25.8

2.7- .42.84.93.0

3.73.71.31.32.7

1.82.02.21.61.4

1.71.42.01.91.2

.72.63.0.0

-2 .7

- .71.31.0.6

- 3 . 1

- 1 . 1-1 .4- 1 . 9- 2 . 4- 2 . 8- 2 . 9

- 3 . 3- 3 . 5-3 .7- 4 . 2- 4 . 1- 4 . 5

- 5 . 3- 5 . 2- 5 . 0- 5 . 2- 4 . 6- 4 . 2

- 3 . 4-3 .0- 3 . 2- 2 . 5- 2 . 5

1 Also includes other private industry groups shown in Table 8-35."Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.3 Current dollar earnings index divided by the consumer price index (revised index for urban

workers used beginning 1978).4 Monthly data are computed from indexes to two decimal places.Note.-See Note, Table B-35.Source: Department of Labor, Bureau of Labor Statistics.

274

wage earners and clerical


TABLE B-37.—Average weekly earnings in selected private nonagricultural industries, 1947-80

[For production or nonsupervisory workers; monthly data seasonally adjusted]

Year or month

194719481949 ;

19501951195219531954

1955195619571958 ...1959 .

I960 .1961196219631964

19651966196719681969

19701971197219731974

197519761977 . . . .19781979

1980 p

1979:JanFebMarAnr

£••:8. :.•SeptOctNov . . . .Dec


JulyAugSeptOctNov"Decp

Average gross weekly earnings

Total privatenonagricultural1

Currentdollars

$45.5849.0050.24

531357.8660.6563.7664.52

67.7270 7473.3375.0878.78

80.6782.6085.9188.4691.33954598.82

101.84107.73114.61

11983127.31136.90145.39154.76

163.53175.45189.00203.70219.30

23510

212.77213.84216.48212.86216.45218.23

219.65222.05222.86223.57225.70228.12

228 20228.98230.45230.86230.61231.70

232.78235.52238.30241.10244.61246.03

1967dollars2

$68.1367.9670.36

73 6974.3776.2979.6080.15

84.44869086.9986.7090.24

90.9592.1994.8296.4798.31

10101101.67101.84103.39104.38

103 04104.95109.26109.23104.78

101.45102 90104.13104.30100.73

103.59102.96103.13100.41101.10100.85

100.43100.5299.7699.1099.0398.88

97 5296.5395.8295 0894.1693.77

94.1794.6294.7594.9295.33

Manufac-turing

(currentdollars)

$49.1353.0853.80

58.2863.3466.7570.4770.49

75.3078.7881.1982.3288.26

89.7292.3496.5699.23

102.97

107 53112.19114.49122.51129.51

133 33142.44154.71166.46176.80

190.79209.32228.90249.27268.94

288.62

262.68264.71266.34258.20267.33268.27

269.87270.68272.28273.48275,49277.78

279 28280.30280.99282.98281.00282.30

284.70289.98293.83297.35302.44307.13

Construc-tion

(currentdollars)

$58.8365.2367.56

69 6876.9682.8686.4188.54

90.909638

100.27103.78108.41

112.67118.08122.47127.19132.06

13838146.26154.95164.49181.54

19545211.67221.19235.89249.25

266.08283.73295.65318.69342.99

367.41

328.83334.31339.38325.03341.32342.61342.80348.01352.13345.92350.76355.26

352 86357.64356.85359 29361.74366.92

365.79366.46375.87375.18378.42380.73

Wholesaleand retail

trorfa(currentdollars)

$38.0740.8042.93

44.5547.7949.2051.3553.33

55.1657.4859.6061.7664.41

66.0167.4169.9172.0174.66

76.9179.3982.3587.0091.39

96 02101,09106.45111.76119.02

126.45133.79142.52153.64164.96

175.91

159.58160.72162.52163.67163.33164.63

165.28166.59167.24167.89169.52170.50

172.13172.04173.45172.16173.98173.86

174.90176.96178.48180.00181.93182.90

Percent change from

privatenonagricultural3

Currentdollars

7.52.5

5.88.94.85.11.2

5.04.53.72.44.9

2.42.44.03.03.2

4.53.53.15.86.4

4.66.27.56.26.4

5.77.37.77.87.7

7.2

9.69.48.65.47.67.17.27.67.96.97.27.4

6.96.86.68.26.56.4

5.76.66.47.58.28.2

1967dollars

- 0 . 23.5

47.9

2.64.3

5.429.1

- . 34.1

.81.42.91.71.9

27.7.2

1.51.0

- 1 31.94.1

- . 0- 4 . 1

- 3 . 21.41.2

2- 3 . 4

.1- . 5

- 1 . 6- 4 . 8- 3 . 0- 3 . 6- 3 . 9- 3 . 9- 3 . 9- 4 . 9- 4 . 9- 5 . 3

- 6 2- 6 . 5- 7 . 0- 5 . 6- 6 . 9- 6 . 9

- 6 . 5- 5 . 4- 5 . 5- 4 . 6- 3 . 9

2 Earnings in current dollars dividibeginning 1978).

3 Based on unadjusted data.Note.—See Note, Table 8-35.Source: Department of Labor, Bureau of Labor Statistics.

jroups shown in Table B-35.the consumer price index (revised index for urban wage earners and clerical workers used


TABLE B-38.—Productivity and related data, private business sector, 1947-79

[1967 = 100]

Year

194719481949!;.!:!!.:;:

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

197519761977"""!"/.19781979

Output

Privatebusiness

sector

47.950.849.9

54.457.659.562.160.9

65.867.568.167.170.8

73.174.478.581.986.8

92.797.8

100.0105.1108.1

107.2110.4117.7125.6123.2

120.9128.5136.6143.0147.1

Nonfarmbusinesssector

46.749.548.6

53.256.658.561.059.7

64.666.467.266.070.0

72.373.677.981.386.4

92.497.9

100.0105.3108.4

107.3110.4118.1126.2123.7

121.0129.1137.4144.0148.0

Hours of allpersons2

Privatebusinesssector

90.591.188.1

89.191.791.892.889.7

93.194.593.188.992.4

92.691.292.793.294.8

97.8100.0100.0101.7104.4

102.6102.0105.1109.2109.6

105.1108.2112.6118.1122.0


78.780.077.0

79.483.183.986.083.1

86.588.788.384.688.4

88.988.089.990.993.0

96.599.7

100.0102.0105.2

103.8103.4106.6111.1111.6

106.9110.5115.3121.2125.4

Output per hour ofall persons2

Privatebusiness

sector

53.055.856.6

61.162.864.866.967.9

70.671.473.275.476.6

79.081.684.787.991.6

94.997.8

100.0103.3103.6

104.5108.2112.1115.0112.4

115.0118.8121.3121.1120.6


59.361.963.2

67.068.169.770.971.9

74.774.976.278.079.3

81.283.686.689.492.9

95.898.2

100.0103.3103.0

103.3106.8110.8113.6110.9

113.2116.9119.1118.9117.9

Compensation perhour3

Privatebusiness

sector

36.139.139.8

42.646.849.752.954.6

56.059.763.666.469.2

72.174.878.281.185.3

88.694.8

100.0107.7115.2

123.7131.8140.4151.7165.9

181.8197.4212.6230.5253.4

Nonfarmbusiness

sector

38.541.843.1

45.649.652.355.256.9

59.062.566.168.671.3

74.476.879.982.686.4

89.394.7

100.0107.4114.4

122.4130.4139.1149.6163.7

179.4194.0208.7226.4248.0

Unit labor cost

Privatebusiness

sector

68.170.270.3

69.774.576.879.180.4

79.383.686.988.090.3

91.391.792.392.393.1

93.496.9

100.0104.2111.2

118.4121.8125.3131.8147.5

158.1166.2175.3190.4210.1

Nonfarmbusiness

sector

64.967.668.2

68.072.775.077.979.2

79.083.586.887.990.0

91.691.892.292.493.0

93.296.5

100.0103.9111.1

118.4122.1125.6131.7147.6

158.5166.0175.2190.4210.2

Implicit pricedeflator4


§5.870.469.6

70.775.976.877.578.2

79.482.184.986.089.1

89.089.590.891.892.7

94.597.3

100.0104.0109.0

114.0119.0123.1129.8142.0

155.8163.2172.3185.1201.4

Nonfarmbusiness

sector

63.067.367.9

69.173.674.976.477.4

79.181.884.885.689.0

88.889.390.791.892.8

94.396.9

100.0104.0108.9

114.1119.3122.8127.3140.2

154.6162.4171.9183.9199.7

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on

establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an

estimate of wages, salaries, and supplemental payments for the self-employed.4 Current dollar gross domestic product divided by constant dollar gross domestic product.Note.—Preliminary estimate based on benchmark revisions of national income and product accounts; revised data to be published by

Bureau of Labor Statistics the end of January 1981.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-39.—Changes in productivity and related data, private business sector, 1948-79

[Percent change from preceding period]

Year

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

Outputl


6.1- 1 . 9

9.15.83.34.3

- 1 . 8

7.92.61.0

- 1 . 65.6

3.31.75.54.36.0

6.85.52.25.12.9

- .83.06.66.6

- 1 . 9

- 1 . 96.36.34.72.8

Nonfarmbusiness

sector

6.0- 1 . 9

9.46.53.44.2

- 2 . 0

8.22.81.2

- 1 . 96.1

3.21.85.84.46.4

6.95.92.15.32.9

- 1 . 02.96.96.9

- 1 . 9

- 2 . 26.76.44.92.7

Hours of allpersons2


0.7- 3 . 3

1.12.9.1

1.0- 3 . 3

3.81.5

- 1 . 5- 4 . 5

3.9

.2- 1 . 5

1.6.6

1.6

3.22.3.0

1.72.6

- 1 . 7- .53.03.9.4

- 4 . 12.94.04.93.3


1.6- 3 . 8

3.14.61.02.5

- 3 . 4

4.12.5

- .5- 4 . 2

4.4

.6- 1 . 1

2.21.12.4

3.73.4.3

2.03.2

- 1 . 4- .43.14.2.4

- 4 . 23.44.35.13.5

Output per hour ofall persons


5.31.5

7.92.83.23.21.6

4.01.02.53.11.6

3.13.33.83.74.3

3.53.12.23.3.2

.93.63.52.7

- 2 . 3

2.33.32.1

- .2- .4


4.32.0

6.01.72.31.71.4

3.9.3

1.72.41.6

2.52.93.63.23.9

3.12.51.93.3

- .3

.33.33.72.5

- 2 . 4

2.13.22.0- .2- .8

Compensation perhour3


8.51.6

7.19.86.46.43.2

2.56.56.54.44.3

4.23.84.63.75.2

3.97.05.57.77.0

7.46.66.58.09.4

9.68.67.78.49.9


8.62.9

5.88.85.55.63.2

3.66.05.73.84.0

4.33.24.03.54.5

3.46.05.67.46.5

7.06.66.77.69.4

9.68.17.68.49.6

Unit labor cost


3.0.1

- .86.93.03.11.6

- 1 . 45.53.91.32.7

1.1.5.7.0.8

.33.83.24.26.7

6.42.92.95.2

11.9

7.25.15.58.6

10.4


4.1.9

— 26̂ 93.13.91.7

- .35.73.91.42.3

1.8.3.4.2.6

.33.53.73.96.8

6.63.12.84.9

12.1

7.44.75.58.7

10.4

Implicit pricedeflator4


7.0- 1 . 0

1.67.41.1.9

1.0

1.63.33.51.33.6

- .2.6

1.54.1.1.0

1.93.02.74.04.9

4.54.43.45.49.4

9.74.75.67.48.8


6.8.9

1.76.61.82.01.4

2.23.53.6.9

4.0

- .2".6

1.51.21.2

1.62.83.24.04.7

4.84.53.03.7

10.1

lCf.35.15.87.08.6

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on

establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an

estimate of wages, salaries, and supplemental payments for the self-employed.4 Current dollar gross domestic product divided by constant dollar gross domestic product.Note.—Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes in Table

Preliminary estimates based on benchmark revisions of national income and product accounts; revised data to be published by Bureauof Labor Statistics the end of January 1981.



PRODUCTION AND BUSINESS ACTIVITY

TABLE B-40.^Industrial production indexes, major industry divisions, 1929-80

[1967=100; monthly data seasonally adjusted]

Year or month

1967 proportion

192919331939194019411942 ..194319441945194619471948194919501951195219531954 . .1955195619571958 .1959196019611962196319641965196619671968 .196919701971197219731974197519761977197819791979:

JanFebMar .AprMay : : .:: :'.::.: v : " " :;JuneJulyAug :/.: :.: : v :: : : : : : : :SeptSet ::::;:..i.::::: ;..NovDec


JulyAugSept.. ..Octp.Nov"

Totalindustrialproduction

100.00

21.613.721.725.031636.344.047.440.735.039.441.138.844.948.750.654.851.958.561.161.957.964.866.266.772.276.581.789.897.8

100.0106.3111.1107.8109.6119.7129.8129.3117.8130.5138.2146.1152.5

152.0152.5153.5151.1152.7153.0153.0152.1152.7152.7152.3152.5

152.7152.6152.1148.3144.0141.5

140.4141.8143.9146.5148.5

Manufacturing

Total

87.95

22 814.021.525.432 437.847.050.942.635.339.440938.745 048.650 655.251558.260 561.257 064.265 465.671575.881089.797.9

100.0106 4111.0106 4108.2118 9129.8129 4116.3130.3138.4146.8153.6

153.0153.6154.9151.9154.1154.2154.4152.9153.9153.7153.3153.2

153.4153 0152.1147.9143.4140.3

139.1140.6143.2146 0148.0

Durable

51.98

22 59.1

17.723.531439.954.259.945.231.637.739.335.743 548.951958.751859.261.161.653.961.962 961.868 673.178 389.098.9

100.0106 5110.6102 3102.4113 7127.1125 7109.3122.3130.0139.7146.4

147.0147.2148.6144.5147.6147.6147.2144.4145.9146.0145.2144.8

144.71441143.4138.4133.3129.9

128.3129.4131.7135 3137.8

Nondurable

35.97

23.219.926.127.533.334.637.138.638.539.741.342.742.046 748.349.251.251.657.260.161.161.667.769 371.575 880.085.290.996.7

100.0106.2111.5112 3116.6126 5133.8134 6126.4141.8150.5156.9164.0

161.6162.9164.0162.6163.6163.7164.8165.2165.4164.8165.0165.3

166.0165 9164.7161.6158.0155.3

154.7156.9159.81614162.7

Mining

6.36

43.130.642.146.849.751.352.556.255.154.261.364.457.163.870.069.471.269.977:982.082.175.378.780.380.883,186.489.993.298.2

100.0104 2108.3112 2109.81131114.7115 3112.8114.2118.2124.0125.5

124.7122.6123.0123.4123.3123.6124.1126.8126.0127.8129.9131.4

133.5132 9133.0133.1133.4132.9

130.6129.6130.51318134.2

Utilities

5.69

7.46.7

10.711.813.314.916.517.517.818.620.122.423.927.231.033.736.539.343.948.251.553.959.363.467.072 077.083.688.795.5

100.0108.4117.3124 5130.5139 4145.4143 7146.0151.7156.5161.4166.0

166.5168.1167.6167.2165.7164.1164.2164.6165.4165.7167.2166.9

164.81671172.0169.1167.7169.3

171.8173.8171.6170 8171.4

Source: Board of Governors of the Federal Reserve System.


TABLE B-41.—Industrial production indexes, market groupings, 1947-80


Year or month

1967 proportion

194719481949

19501951 . . .195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979



1980:JanFebMarAprNTayJune

JulyAugSeptock..;Nov"

Totalindustrial

production

100.00

39.441138.8

44.948 750.654.851.9

58.561.161957.964.8

66 266.772.276.581.7

89.897 8

100.0106.3111.1

107.81096119.7129 8129.3

117 8130.5138 2146.1152.5

152 0152.5153.51511152.7153 0

153.0152.1152 7152 7152.3152 5

152.7152.61521148.3144.0141.5

140.4141.8143.9146.5148.5

Final products

Total

47.82

38.640038.8

43.747 250.754.151.3

55.458.660 357.663.2

65.365.871.475.5797

87.695 9

100.0106.2109.6

105.3106.3115.7124.4125.1

118 2127.6135 9142.2147.2

146 5147.1148.6145 4147.8147 7

147.4145.8147 3147 3147.1147 2

147.01477147 7145.4143.1142.3

142.4142.8143.8145.6146.8

Consumer goodsl

Total

27.68

42.443 743.4

49.649150.253.252.9

59.061.262662.168.1

70.772.277.181.385.9

92.697 3

100.0105.9109.8

109.0114.7124.4131.5128.9

124 0137.1145.3149.1150.8

1513151.8153.4149 3152.2152.1

151.21487150 0150 0149.1148.6

147.9148.4148 6145.3142.4142.1

142.0142.7144.1146.4147.6

Auto-motive

products

2.83

45.347 447:0

59.152 347.159.555.4

73.660.663.550.563.3

72.566.180.187791.9

113.3112.8100.0119.4118.1

98.8124.4141.4153.0132.8

125 81557175.6179.91677

1827179.6186.8163 01827176.2

168.5147.0157.6159 2150.6141.8

131.3142.11410126.3118.5121.6

129.2121.5130.6141.9145.6

Homegoods

5.06

37.539.136.2

49.943.043.048.644.9

53.055.754.551.459.0

59.461.366.571.878.4

88.997.9

100.0106.4113.2

U0.2115.6129.5142.5136.8

118.8134.1141.91477149.2

149.2150.6150.8145 6148.3149.4

150.2148.6149.5149 7149.0149.4

148.5145.8145.8142.0134.6132.0

1277132.6134.2138.2'139.3

Equipment2

Total

20.14

30.632 2287

31.143 351.956.349.3

50.455.357 551.556.5

58157.363.767.571.4

80.794 0

100.0106.5109.3

100.194.7

103.8114.5120.0

110 2114.6123 0132.8142.2

139 9140.6141.91401141.8141.7

142.1141.9143 7143 6144.2145 2

145.8146.6146 6145.6144.0142.6

142.9142.9143.3144.5145.8

Busi-ness

12.63

38.039 534.5

37.045 251.253.346.8

50.858.861151.557.9

59 457762765.873.7

84.497 7

100.0105.5112.5

107.0104.1118.0134.2142.4

128 2135.4147 8160.3171.3

168 2169.3171.0168 7171.2171.2

171.3171.6173.4172 3172.6174.1

174.9176.01761174.2171.9169.8

170.1170.31707171.9173.4

Inter-mediateproducts

12.89

41.944 342.0

48.851350.954.554.3

61764.464 463.069.5

70071.475779.985.2

90.696,2

100.0106.3112.9

112.9116.7126.5137.2135.3

1231137.2145.1154.1160.5

161.0161.3161.41601160.1160.7

160.3161.3160.6160 6160.2159.6

160.8159.2158.3150.8146.2143.5

144.5147.6150.1151.3152.8

Materials *

Total

39.29

39.541237.6

45.049 850.556.151.8

61.362.862 856.565.2

66166.272.176.782.9

92.4100 7100.0106.5112.5

109.2111.3122.3133.9132.4

115 5131.7138 6148.3156.4

155.7156.1156.9154 9156.1156.8

157.4156.6156.6156.6156.2156.6

157.0156.5155.3151.0144.3140.0

136.5138.6142.1146.1149.0

Dura-ble

goods

20.35

38.339 435.3

44.450 551.660.352.0

63763.963853764.0

64.863.370.475.181.9

93.8103 3100.0106.2112.1

103.8104.9117.7134.61327

1091128.0136.1149.0157.8

158.4158.1159.4155 6158.1159.6

160.3157.7157.7157.2155.8155.8

156.0154.8154.2148.2139.8133.8

129.0131.3133.7139.5144.2

Non-durablegoods

10.47

45 9

52.554.954 754.462.1

63 265.871.375.682.2

90.397 5

100.0108.8115.7

115.4120.2132.9142.2142.6

126 6147.8155.6165.6175.9

172.1173.6174.2174.1174.7174.4

175.5177.1177.8178.8178.5180.2

181.0179.9177.0173.2165.2159.6

156.2159.8169.6173.6175.0

1 Also includes clothing and consumer staples, not shown separately.2 Also includes defense and space equipment, not shown separately.3 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.


TABLE B-42.—Industrial production indexes, selected manufactures, 1947-80


Year or month

1967 proportion

19471948...1949

19501951195219531954

19551956195719581959

I96019611962 .. . 41963 . .1964. .

19651966196719681969... . . ,

197019711972.. .1973..1974

19751976 .19771978 . . . .1979


JulyAugSept .OctNovDec

1980JanFebMar.AprMay.June

July.Aug .Sept.Oct"Nov.

Ourable manufactures

Primarymetals

Total

6.57

63.365.855.4

69.775.869.278.563.5

82.582.078.562.372.7

72.471.176.382.392.8

102.1108.4100.0104.3113.8

106.6100.2112.1126.7123.1

96.4109.7111.1119.9121.3

123.3120.4123.8122.0121.2124.2

126.7121.1122.1118.4117.1115.3

116.4111.9113.7106.496.190.4

81.786.089.9

100.0107.7

Ironandsteel

4.21

70.1

93.291.588.266.576.5

77.774.277.384.395.9

105.2108.4100.0103.2112.6

104.796.1

107.1122.3119.8

95.8104.8103.8113.2113.2

113.3110.8116.2115.8114.3118.1

119.0112.0115.0108.8108.1106.6

107.2103.4105.997.484.475.4

68.175.379.893.8

Fabri-catedmetalprod-ucts

5.93

49.950.845.8

56.159.958.566.059.4

67.868.870.663.371.0

71.169.475.477.882.6

90.897.2

100.0105.6107.9

102.4103.5112.1124.7124.2

109.9123.9131.0141.6148.5

149.1150.8150.2148.8150.3149.3

149.3147.6146.5147.5146.9146.2

145.0145.7145.5141.4133.2126.1

123.8125.8129.0132.4134.6

Non-elec-trical

machin-ery

9.15

39.039.233.4

37.547.751.954.046.1

50.658.057.948.656.7

56.955.462.166.375.6

85.098.8

100.0101.8109.3

104.4100.2116.0133.7140.1

125.1134.5143.6153.6163.7

161.2162.9164.1161.4164.4164.6

165.5166.3165.2162.9162.9163.0

167.1167.0166.5163.2162.1158.3

158.5158.81591160 5161.5

Electri-cal

machin-ery

8.05

22.223.021.6

29.629.834.039.034.7

39.943.142.839.247.6

51.654.862.964.768.4

81.797.9

100.0105.5111.9

108.1107.7122.2143.1143.8

116.5134.8145.4159.4174.0

171.2173.1174.3170.6174.6175.1

174.7172.1176.7177.3179.5181.6

181.7179.2179.2177.0171.4166.6

165,0166.7167 8169 9171.9

Transportationequipment

Total

9.27

31.834.834.9

41.846.654.268.059.2

68.066.070.755.863.2

65.461.571.178.080.0

95.1102.0100.0111.1108.4

89.597.9

108.2118.3108.7

97.4111.1122.2132.5135.4

141.5140.0143.4131.6141.8139.3

135.2125.2131.8133.3128.3127.3

122.1125.7123.8115.1109.8110.0

110.7108.3112 9118 9120.9

Motorvehicles

andparts

4.50

60.5

81.265.869.051.066.2

74.765.579.888.390.7

115.9113.9100.0120.3116.5

92.3118.6135.8148.8128.2

111.1142.0161.1169.9159.9

178.7173.3179.7156.0175.8169.0

159.2138.5150.3150.1139.3137.1

126.2133.9130.1114.7105.9106.7

107.9104.4113.4124 7128.3

Lumberand

prod-ucts

1.64

58.961.354.1

65.765.564.768.468.0

75.975.068.869.979.3

' 74.778.282.586.392.7

96.3100.0100.0105.5107.9

105.6113.8120.8126.0116.2

107.6123.2131.2136.3136.9

137.3137.2137.7137.2135.8136.8

135.2138.5138.6138.7135.9132.4

131.6130.2125.3105.2104.5109.7

112.8121.7122.7121.4

Nondurable manufactures

Apparelprod-ucts

3.31

57.860.359.7

64.363.166.367.266.4

73.375.074.972.880.1

81.782.285.589.192.2

97.499.9

100.0102.9106.7

101.4104.7109.4117.3114.3

107.6125.7134.2134.2134.4

136.0138.0138.5134.0133.1136.4

132.7132.5135.7131.5133.5131.1

131.5133.8136.1131.3128.6127.2

121.5123.8

Printingand

publish-ing

4.72

43.345.446.6

48.949.749.752.054.1

59.563.265.463.968.2

71.071,373.977.882.6

87.994.6

100.0103.2107.4

107.0107.1112.7118.2118.2

113.3122.5127.6131.5136.9

135.6138.2137.3135.7136.8136.9

135.6137.7137.2137.2136.2137.8

138.9139.9139.2136.5135.5135.4

138.6140.31401141 514214

Chem-irakltd 15and

prod-ucts

7.74

19.721.321.0

26.229.731.133.634.1

39.842.745.246.654.3

56.459.265.771.878.8

87.895.7

100.0109.5118.4

120.4125.9143.6154.5159.4

147.2170.9185.7197.4211.8

207.5209.7210.4209.3211.2209.6

211.8214.8212.8212.9215.3216.8

218.0217.4213.6209.1199.2191.1

190.3197.8206 0210.4

Foods

8.75

55.855.255.9

57.959.060.261.462.7

66.370.171.172.976.5

78.680.983.486.490.4

92.496.0

100.0102.6106.1

108.9112.8116.8120.9124.0

123.4133.0138.8142.7147.5

143.9145.3147.4146.8148.3149.0

148.9147.5148.1147.7147.9148.4

148.5149.0149.3147.8149.5149.0

148.9148.3148.7149.2



TABLE B-43.—Capacity utilization rate in manufacturing, 1948-80

[Percent; quarterly data seasonally adjusted]

Year or quarter

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1975:1||IllIV

1976:1II.IllIV

1977:IIIIllIV

1978:

ii • ;.;...IllIV

1979:|IIIllIV

1980:1||III

FRB seriesJ

Totalmanufac-

turing

82.574.2

82.885.885.489.280.3

87 186483 775.281.9

80.277.481683.585.6

89 691.186.987.186.2

79 378.483.587.683.8

72.979 581.984.485.7

70.370.774.676.1

78.479 580.080.0

80.782.182.482.6

82.083.985.286.4

86.985.985.384.4

83.477 975.7

Primaryprocess-

ing

87.276.2

88.590.284.989.480.6

92189 784.775.483.4

79.877.981.683.887.8

91.191.485.787.788.5

82.982.388.292.587.8

73.781.984.086.988.1

69.970.476.278.4

81.081982.682.1

82.284.484.584.7

84.086.387.989.5

89.088.288.386.9

85.176.372.9

Ad-vanced

process-ing

80.073.3

79.883.485.989.380.1

84 384 583.175.181.1

80.477.281.783.484.6

88.991.287.686.885.0

77.476.381.085.081.5

72.578.280.883.084.3

70.471.073.874.9

77.078178.578.8

79.880.881.381.3

80.982.783.784.6

85.784.783.783.0

82.578 777.3

Commerce series2

Totalmanufac-

turing

8686848585

8180838683

7781838483

75757979

82828081

83848282

84848384

84838281

807676

Durablegoods

8887838484

7878828582

7681848483

74737877

81837981

84868282

84858385

85848280

807475

Non-durablegoods

8586858686

8383858684

7982828382

76788081

82818282

82828282

83828283

83828282

817878

Primary-processed

goods

8988878687

8382858985

7682838484

75737878

83838280

83848282

83848485

85848383

817574

Advanced-processed

goods

8585838484

7980828482

7781838482

75767979

81827982

84848283

84848284

84838180

807677

Wharton series3

Totalmanufac-

turing

•"'88.1

90 587 984.074.278.9

76.973.776577.779.5

84.288.286.989.290.1

84.082.687.792.990.2

79.485.588.190.992.6

77.077.381.082.2

84.785.585.886.0

86.888.288.588.7

88.490.491.693.1

93.792.792.391.8

91.385.783.5

Durablegoods

85.3

88 385.381.668.073.7

71.967.771.873.475.6

82.388.086.288.889.4

80.678.184.291.588.7

75.981.884.889.291.7

74.874.177.177.5

80.482.082.782.4

82.984.985.486.0

85.888.590.292.4

93.191.991.090.7

89.883.480.2

Non-durabgood;

92.

939187.83.86.

84.8283.83.85

86.88.87.89.91.

88.89.92.94.92.

84.90.92.93.94

80.81.86.89.

90.90.90.90.

92.93.92.92.

92.93.93.94.

94.93.94.93.

93.88.88.

1 For description of the series, see "Federal Reserve Measures of Capacity and Capacity Utilization," February 1978.2 Quarterly data are for last month in quarter. Annual data are averages of the (our indexes, except for 1965 (December index) and

1966-67 {averages of June and December indexes). For description of the series, see "Survey of Current Business," July 1974.3 Annual data are averages of quarterly indexes. For description of the series, see F. Gerard Adams and Robert Summers, "The

Wharton Index of Capacity Utilization: A Ten Year Perspective, 1973 Proceedings of the Business and Economic Statistics Section,American Statisticaf Association.

Sources: Board of Governors of the Federal Reserve System, Department of Commerce (Bureau of Economic Analysis), and WhartonSchool of Finance.


TABLE B-44;—New construction activity, 1929-80

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

Totalnew

construc-tion

Private construction

Total

Residentialbuildings1

Total 2New

housingunits

Presidential buildings and otherconstructionl

TotalCommer-

c i a lIndus-trial Other*

Public construction

Total FederalState and

local*

1929

1933

1939... .

1940 . .1941 . . . ,1942. . . .19431944

1945 .1946

New series

19471948 ...1949

1950 ....1951195219531954

19551956.1957,19581959, .

1960, . ..1961, . . .196219631964

19651966196719681969

1970. ..1971..1972.19731974

1975. ..19761977. . ..1978

1979..

10.8

2.9

8.2

8.712.014.18.35.3

5.814.3

20.026.1267

33.635.436.839.141.4

46.547.649.150.055.4

54.756.460.264.867.7

73.776.478.187.193.9

94.9110.0124.1137.9138.5

134.5151.1174.0205.5

229.0

8.3

1.2

4.4

5.16.23.42.02.2

3.412.1

16.721.420.5

26.726.226.027.929.7

34.834.935.134.639.3

38.939.342.345.547.3

51.752.452.559.566.0

66.880.193.9

105.4100.2

93.7111.9135.8159.6

179.9

3.6

.5

2.7

3.03.51.7

.9

.8

1.36.2

9.913.112.4

18.115.915.816.618.2

21.920.219.019.824.3

23.023.125.227.928.0

27.925.725.630.633.2

31.943.354.359.750.4

46.560.581.093.4

99.0

3.0

.3

2.3

2.63.01.4

.7

.6

.74.8

7,810.510.0

15,613.212.913.414.9

18.216.114.715.419.2

17.317.119.421.721.8

21.719.419.024.025.9

24.335.144.950.140.6

34.447.365.775.8

78.6

4.7

6.98.28.0

8.610.310.211.311.5

12.914.716.114.815.1

15.916.217.217.619.3

23.826.727.0

1.41.51.11.82.2

3.23.63.63.63.9

4.24.75.15.05.4

28.932.8

34.936.839.645.749.8

47.251.454.866.1

80.9

7.89.4

9.811.613.515.515.9

12.812.814.818.6

24.9

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.93.6

6.06.8

6.55.44.76.27.9

8.07.27J

11.0

15.0

2.6

.5

1.2

1.31.51.2.9

1.1

1.33.0

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

10.3

15.116.6

18.619.821.524.025.9

26.431.532.436.6

41.0

2.5

1.6

3.8

3.65.8

10.76.33.1

2.42.2

3.34.76.3

6.99.3

10.811.211.7

11.712.714.115.516.1

15.917.117.919.420.4

22.124.025.527.628.0

28.129.930.232.538.3

40.939.138.245.9

49.0

0.2

1.23.89.35.62.5

1.7.9

1.21.5

1.63.04.24.13

2.82.73.03.43.7

3,63.93.94.03.9

4.04.03.53.43.3

3.34.04.44.95.3

6.37.07.3

2.3

1.1

3.1

2.42.01.3

'.S

.71.4

2.53.54.8

5.26.36.67.18.3

8.910.011.112.112.3

12.213.314.015.416.5

18.020.022.124.224,7

24.825.925.827.733.0

34.632.130.937.5

40.2



TABLE B-44.—New construction activity, 1929-80—Continued

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1979:JanFebMarAprMayJune . ...

JulyAugSepto c f : . ; ::.:::„::. -:NovDec

1980:Ian

Mill

Mill

MM

I M

ill

: : : : :'

: :' :' ; :'

II

1 1

1

Mill

II

1 1

1

Mill

11-111 M

ill

Tntal

newconstruc-

tion

219.72131219.22180223.0225.7

231.0231.6235 3239.92394244.0

2596248.8237.1225.8218.9215.0

214.3215.1223.7226.2231.8

Private construction

Total

173.0170.7173.4172.4175.3179.0

181.3182.0184.3187.3187 4191.2

1981191.7180.6171.5164.8161.3

158.6162.1167.9171.1178.0

Residentialbuildingsl

Total2

101.498.697.196.696.297.7

98.598.9

100.4101.5101.8102.1

105 8101.594.083.577.073.4

74.378.684.487.493.5

Newhousing

units

81.577.976.376 876.878.4

79.079.380479.979 078.5

80 775.168.460.755.251.9

52.256.160.863.669.0

Nonresidential buildings and otherconstructionl

Total

71.672.176.475.979.081.3

82.883.183.985.885.689.1

92390.286.688.087.888.0

84.383.483.583.784.4

Commer-cial3

20.119.821.722.524.125.5

25.526.126.427.327.729.4

31.630.729.930.930.129.6

28.128.027.428.428.8

Indus-trial

13.314.315.314.614.714.8

15.914.214.715.615.815.9

15 815.713.913.614.215.0

13.313.013.113.013.3

Other4

38.238.039.338 840.241.0

41.442.842942.942 043.8

44 943.842.843.543.543.4

43.042.443.042.342.4

Public construction

Total

46.742.445.745647.746.7

49.749.650.952.652 052.9

61557.056.554.354.153.7

55.753.155!855.153.8

Federal

8.67.99.68.19.08.2

9.09.29.58.48.99.1

989.2

10.810.19.98.9

11.19.8

10.39.4

10.3

State andlocal»

38.134.536.237.438.738.5

40.740.341544.243143.8

51647.845.844.344.244.7

44.643.245.545.743.5

1 Beginning 1960, farm residential buildings included in residential buildings; prior to I960, included in nonresidential buildings andother construction.

2 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities, and all

other private.5 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.


TABLE B-45.—New housing units started and authorized, 1959-80

[Thousands of units]

Year or month

New housing units started

Private and public1

Total(farm andnonfarm)

Nonfarm

Private (farm and nonfarm)'

TotalType of structure

1 unit 2 to 4 5 unitsunits or more

New private housing unitsauthorized2

Total

Type of structure

1 unit 2 to 4units

5 units

1959..

19601961.1962.1963.1964.

1965.19661967.19681969 .

1970.19711972.19731974.,

1975197619771978..1979..

1979:JanFeb..MarApr .May .June.,

July . .Aug. .Sept.Oct. .Nov....Dec

1980:Jan .Feb .Mar.. .AprMay....June

July .Aug...Sept .Oct. .Nov....

1,553.7

1,296.11,365.01,492.51,634.91,561.0

1,509.71,195.81,321.91,545.41,499.5

1,469.02,084.52,378.52,057.51,352.5

1,171.41,547.61,989.82,023.31,749.2

88.484.7

153.3161.3189.1192.0

165.0171.4163.8169.0119.291.9

73.480.686.196.692.0

116.8

120.8130.2139.3153.7112.6

1,531.3

1,274.01,336.81,468.71,614.81,534.0

1,487.51,172.81,298.81,521.41,482.3

1,517.0

1,252.21,313.01,462.91,603.21,528.8

1,472.81,164.91,291.61,507.61,466.8

1,433.62,052.22,356.62,045.31,337.7

1,160.41,537.51,987.12,020.31,745.1

1,7271,4691,8001,7501,8011,910

1,7641,7881.8741,7101,5221,548

1,4191,3301,0411,030

9061,223

1,2651,4291,5411,5611,555

1,234.0

994.7974.3991.4

1,012.4970.5

963.7778.6843.9899.4810.6

812.91,151.01,309.21,132.0

888.1

892.21,162.41,450.91,433.31,194.1

283.0

257.4338.7471.5590.8

108.4 450.0

86.661.171.680.985.0

120.3141.3118.368.1

64.085.9

121.7125.0122.0

422.5325.1376.1527.3571.2

535.9780.9906.2795.0381.6

204.3289.2414.4462.0429.0

1,208.3

998.01,064.21,186.61,334,71,285.8

1,239.8971.9

1,141.01,353.41,323.7

1,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.8

938.3

746.1722.8716.2750.2720.1

709.9563.2650.6694.7625.9

646.8906.1

1,033.1882.1643.8

675.5893.6

1,126.11,182.6

981.5

77.1

64.667.687.1

118.9100.8

,84.861.073.084.385.2

88.1132.9148.6117.064.3

63.993.1

121.3130.6125.4

Seasonally adjusted annual rates

1,175•9971,2751,2731,2291,276

1,2221,2371.2371,139980

1,055

1,002786617628628757

1,0031,0591,037987

12193119113120123

130152123129114110

12710191100

80136142120160

431379406364452511

412399514442428383

290443333302198391

316290340404408

1,4751,4911,6921,5481,6481,639

1,5631,6221,6951,4781,2871,247

1,2711,168968789825

1,078

1,2361,3611,5641,3331,371

958922

1,1151,0441,0521,028

1,0151,011996905773776

780708556473495628

781857914819794

126103130122123132

13614313812999116

11911194638193

119131146134144

192.9

187.4273.8383.3465.6464.9

445.1347.7417.5574.4612.7

616.7885.7

1,037.2820.5366.2

199.8309.5442.7487.3444.8

391466447382473479

412468561444415355

372349318253249357

336373504380433

1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Mousing Act, are included in publicly owned starts and excluded from

2 Authorized by issuance of local building permit: in 16,000 permit-issuing places beginning 1978; in 14,000 places for 1972-77; in13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.

3 Not available separately beginning January 1970.Note.—-Only the series on private and public nonfarm housing units started is available prior to 1959. See 1976 "Economic Report"

for this earlier series.Source: Department of Commerce, Bureau of the Census.


TABLE B-46.—Nonfarm business expenditures for new plant and equipment, 1947-81

[Billions of dollars,- quarterly data at seasonally adjusted annual rates]

Year or quarter

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

196519661967196819*69

19701971197219731974

19751976197719781979

1980 319813

1979;

tiIllIV.

1980:1||IllIV3

1981:I3

II*'ZZZZZZZ!!'..'ZZZZ

Total

21.8025.4623.54

25.3230.8331.5933.5833.13

36.5844.7648.12421744.78

48.6347 8251.2853 2561.66

70.4382 2283.4288.4599.52

105.61108.53120.25137.70156.98

157 71171.45198 08231.24270.46

294.3032613

255 55265.24273.15284.30

291.89294.36296.23294.95

310.59323.84

Plant

8.4510 3510.20

10.9413.0813.1413 8214.09

15.9719 3420.9419 4119.89

20.94211222.1222 2324.96

27 2432 2132.2235.5140.54

44.2446 6049.3556.6664.29

65 21712080 3192.70105.73

102.58104.19106.58108.60

115.96116.50117 59

_

Ennintquip-ment

13.3515.1113.34

14.3717.7418.4519.7619.03

20.6025.4227.1922.7624.89

27.70267029.16310336.70

43.1950.0151.2052.9458.99

61.3661.9370.8981.0492.69

92 50100.25117 77138.54164.73

152.97161.04166.56175.70

175.93177.86178.64

: = :

Manufacturing

Total

8.739.257.32

7.7311.0712.1212.4312.00

12.5016.3317.5012.9813.76

16.3615 5316.0317 2721.23

25.41313732.2532.3436.27

36.9933.6035.4242.3753.21

54 9259.9569 2279.7298.68

114.90131.12

90.7594.71aoo.n106.57

111.77115.69116.40115.37

122.69130.57

Dura-ble

goods

3.393.542.67

3.225.125.755.715.49

5.878.198.596.216.72

8.287.437.818.6410.98

13.4917.2317.8317.9319.97

19.8016.7818.2222.7527.44

26.3328.4734.0440.4351.07

58.2566.00

46.3849.2552.1355.03

58.2859.3858.1957.42

60.2365.36

Non-durablegoods

5.345.714.64

4.515.956.376.726.51

6.628.158.916.777.04

8.088.108.228.6310.25

11.9214 1514.4214.4016.31

17.1916.8217.2019.6225.76

28.5931.47351839.2947.61

56.6565.12

44.3745.4747.9751.55

53.4956.3258.2157.96

62.4665.21

Plant and equipment

Total

13.0716.2116.22

17.5919.7619.4721.1621.13

24.0828.4330.6229.1931.02

32.2832 2935.2535.9940.43

45.0250.8451.1856.1163.25

68.6274.9384.8295.33103.78

102 79111.50128 87151.52171.77

179.40195.00

164.80170.52173.04177.73

180.13178.66179.83179.58

187.90193.27

Min-ing

0.69.93.88

.841.111.211.251.29

1.311.641.691.431.35

1.291261.411261.33

1.361421.381.441.77

2.022.672.883.314.62

6107.449 2410.2111.38

13.5016.04

11.2311.0111.4011.86

11.8912.8113.8615.25

16.0718.02

Nonmanufacturir

Transpor-tation

2.212.662.30

2.383.052.992.972.42

2.603.073.352.343.17

3.192.823.263.364.46

5.466.436.346.797.04

6.955.936.727.418.23

8.688.899.4010.6812.35

11.9812.96

11.4312.0212.6713.20

12.4712.0912.2311.25

11.5011.60

Pub-lic

utili-ties

1.642.673.28

3.423.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.3310.5211.70

13.0314.7016.2617.9719.83

19 9822.3726 7929.9533.96

34.6237.64.

32.4034.0235.0534.08

36.2635.0335.5831.95

36.7836.21

g

Tradeandserv-ices1

6.136.927.13

8.378.838.058.949.59

11.4913.6413.6814.1115.40

16.1516 5318.2718 5720.38

22.1324.6923.0225.3128.31

29.7734.2040.0045.5347.79

46 2349.3056 5468.6679.26

82.2887.83

76.0379.0378.8682.69

82.1781.0781.1984.87

84.0987.43

Com-munication

andother2

2.403^42.63

2.583.033.253 383.60

4.425 305.965 585.63

6.256 487.197 478.46

9.58104911.1112.0614.43

16.8517.4318.9621.1223.30

218023.5126 9032.0234.83

37.0240.54

33.7134.4435.0535.90

37.3437.6636.9736.26

39.4840.01

1 Wholesale and retail trade; finance, insurance, and real estate; and personal, business, and professional services.2 "Other" consists of construction; social services and membership organizations; and forestry, fisheries, and agricultural services.3 Planned capital expenditures reported by business in late October-December 1980, corrected for biases.Note,—Revised series; for details, see Sumy of Current Business, October 1980.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-47.—Sales and inventories in manufacturing and trade, 1947-80

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

Total manufacturing andtrade

Sales' Inven-tories2 Ratio3

Manufacturing

Sales1 Inven-tories2 Ratio3

Merchant wholesalers

Sales' Inven-tories2 Ratio*

Retail trade

Sales' Inven-tories2 Ratio3

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,20159,729

60,82761,15965,66268,99573,682

80,28387,18790,34898,143105,042

107,475116,035130,049152,237175,741

180,263202,001224,786254,297288,388

274,091274,844283,741276,406286,413283,772

289,994293,167296,760298,452298,949302,117

312,458310,181305,165294,998292,478294,203

304,154308,019318,321325,838329,140

52,50749,497

59,82270,24272,37776,12273,175

79,51687,30489,05287,09392,129

94,71395,594101,063105,480111,503

120,907136,790145,335156,166169,841

178,337188,563203,161234,163285,519

285,035310,736337,432380,643426,796

385,379389,312392,630398,307401,945406,720

413,581417,130418,461422,710425,952426,796

431,420435,155439,114445,170445,801447,031

449,510451,951454,566456,532458,235

1.421.53

1.361.551.581.581.60

1.471.551.591.601.50

1.561.541.501.491.47

1.451.471.561.541.55

1.621.581.501.431.47

1.581.481.441.411.41

1.411.421.381.441.401.43

1.431.421.411.421.431.41

1.381.401.441.511.521.52

1.481.471.431.401.39

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,26853,540

52,83255,92563,04272,95484,821

86,61798,810110,842124,714141,000

135,213135,718141,039134,398141,783139,050

142,094142,708143,614145,547144,326146,289

152,088152,889150,081143,596141,515141,573

145,678146,643152,764156,697158,386

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,65990,61798,210

101,667102,677108,296124,672157,915

158,178170,156180,224198,334228,258

201,143203,819205,752209,175210,881213,942

216,120218,669221,341223,476226,483228,258

232,294235,096238,522242,540243,402243,630

244,105243,517243,615242,876244,186

1.581.571.75

1.481.661.781.761.81

1.621.731.801.841.70

1.751.741.701.691.64

1.601.621.761.741.77

1.901.831.671.581.65

1.831.661.591.521.52

1.491.501.461.561.491.54

1.521.531.541.541.571.56

1.531.541.591.691.721.72

1.681.661.591.551.54

6,8086,514

7,6958,5978,7829,0528,993

9,89310,51310,47510,25711,491

11,65611,98812,67413,38214,529

15,61116,98719,44820,84622,609

23,94326,25729,58436,82245,836

44,633

53,50962,84273,551

67,58567,86070,65770,40272,33872,629

74,77875,58876,48077,32278,20378,678

80,90679,29978,55076,39176,37676,629

80,18982,60685,47088,53288,821

7,9577,706

9,2849,88610,21010,68610,637

11,67813,26012,73012,73913,879

14,12014,48814,93616,04817,000

18,31720,76525,37726,60429,114

32,80335,82339,78646,25456,537

55,11361,30767,99880,77189,676

81,49882,70083,55884,63284,90485,406

87,66288,28088,37288,819

89,676

90,69091,34291,49792,37892,56293,633

94,61997,11198,11199,27599,879

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.201.161.151.14

1.151.151.251.251.23

1.291.301.271.171.12

1.241.211.211.191.17

1.211.221.181.201.171.18

1.171.171.161.151.141.14

1.121.151.171.211.211.22

1.181.181.151.121.12

10,20011,13511,149

12,26813,04613,52914,09114,095

15,32115,81116,66716,69617,951

18,29418,24919,63020,55621,823

23,67725,33024,41327,03028,893

30,70033,85337,42242,46145,083

49,01354,78460,43566,74173,837

71,29371,26672,04571,60672,29272,093

73,12174,87176,66675,58376,42177,150

79,46477,99376,53475,01174,58776,001

78,28778,77080,08780,60981,93380,830

14,24116,00715,470

19,46021,05021,03121,48820,926

22,76923,40224,45124,11325,305

26,81326,22127,94129,38631,094

34,40538,07335,29938,94542,517

43,86750,06355,07963,23771,067

71,74479,27389,210101,538108,862

102,738102,793103,320104,500106,160107,372

109,799110,181108,748110,415110,383108,862

108,436108,717109,095110,252109,837109,768

110,786111,323112,840114,381114,170

1.261.391.41

1.381.641.521.531.51

1.431.471.441.431.40

1.451.431.381.391.40

1.391.441.431.381.41

1.411.411.401.401.48

1.441.381.391.431.45

1.441.441.431.461.471.49

1.501.471.421.461.441.41

1.361.391.431.471.471.44

1.421.411.411.421.39

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthly data, ratio of

inventories at end of month to sales for month.Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale and

The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross nationalproduct since these figures cover only manufacturing and trade rather than all Dusiness, and show inventories in terms of current bookvalue without adjustment for revaluation.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE B-48.—Manufacturers' shipments and inventories, 1947-80

[Millions of dollars; monthly data seasonally adjusted]

Year or month

1947 ..1948..1949...

1950 ..1951..19521953 .1954 ,

1955.1956..1957..1958..1959

I9601961.1962 .19631964 .

1965196619671968.1969.

1970 ..1971. ..1972 ..1973 .. .1974 .. .

1975197619771978 .1979

1979:Jan..Feb.Mar...Apr....May.June.

July .Aug...Sept..Oct..NovDec .

1980:JanFeb..Mar.

fc:June..July .Aug .SeptOct..N o v .

Shipments1

Total

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,26853,540

52,83255,92563,04272,95484,821

86,61798,810110,842124,714141,000

135,213135,718141,039134,398141,783139,050

142,094142,708143,614145,547144,326146,289

152,088152,889150,081143,596141,515141,573

145,678146,643152,764156,697158,386

Dura-ble

indus-tries

6,6947,5797,191

8,84510,49311,31313,34911,828

14,07114,71515,23713,56315,609

15,88315,61617,26218,28019,637

22,22124,64925,26727,69829,477

28,21529,97334,04339,70344,253

43,67850,69758,01066,50573,981

72,77973,33575,76371,19975,51572,797

73,87574,36374,20175,54473,75174,191

77,94879,15975,92572,20769,44369,056

72,54472,05776,57179,49780,268

Non-durablegoodsindus-tries

8,8199,7388,935

9,78911,22111,21611,49411,527

12,40913,02513,49913,68414,677

14,99615,30716,09516,77817,694

18,77420,22021,22022,57024,064

24,61725,95228,99933,25140,568

42,93948,11352,83258,21067,019

62,43462,38365,27663,19966,26866,253

68,22068,34569,41470,00370,57472,098

74,14073,73074,15671,38972,07.272,517

73,13474,58676,19377,20078,118

Inventories2

Total

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,65990,61798,210

101,667102,677108,296124,672157,915

158,178170,156180,224198,334228,258

201,143203,819205,752209,175210,881213,942

216,120218,669221,341223,476226,483228,258

232,294235,096238,522242,540243,402243,630

244,105243,517243,615242,876244,186

Durable goods industries

Total

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,25832,077

32,37132,54434,63235,86638,506

42,25749,92054,99658,87164,739

66,79066,31370,30881,426

101,866

101,766109,095115,751129,456151,689

131,892134,021135,266137,851139,325141,480

143,141144,658146,048148,136150,476151,689

154,043155,314157,127159,877160,607160,404

160,875161,081160,691160,137160,865

Mate-rialsand

supplies

8,9667,894

19,19410,41710,60810,03210,776

10,35310,27910,81011,06811,970

13,32515,48916,45417,38918,710

19,19819,77820,89326,06235,228

33,62936,56238,78541,48048,857

42,17842,75143,49343,90444,43044,803

45,52446,37846,41747,36248,41648,857

49,62750,24850,34751,08650,66550,177

50,03249,13649,00748,72248,796

Workm

proc-

10,7209,721

10,75612,31712,83712,38713,063

12,77213,20314,15914,87116,191

18,07521,93925,00127,31430,377

29,83628,65430,81935,54642,683

42,92344,84347,03055,52366,837

56,32657,22657,72059,00959,95061,411

61,92762,60763,81064,85966,14566,837

67,95168,39769,58570,59471,41171,891

72,12673,11373,20973,03773,693

Finishedgoods

6,2066,040

6,3487,5658,1257,8398,239

9,2459,0639,6629,92510,344

10,85412,49113,54214,16715,651

17,75617,88218,59719,81823,956

25,21427,69029,93732,45435,994

33,38834,04534,05434,93834,94435,267

35,69135,67135,82135,91435,91635,994

36,46536,66937,19538,19738,53138,336

38,71738,83238,47538,37838,376

Nondurable goods industries

Total

12,83613,88113,261

15,53918,31517,40518,07017,902

18,66420,19520,14319,98320,868

21,40922,34123,55424,18024,903

25,92828,03229,66231,74633,471

34,87736,36437,98743,24556,048

56,41261,06164,47268,87876,569

69,25169,79870,48571,32371,55672,462

72,97974,01175,29375,34076,00776,569

78,25179,78281,39582,66382,79583,226

83,23082,43682,92482,73983,321

Mate-rialsand

supplies

8,3178,167

8,5568,9718,7758,6629,080

9,0829,4939,8139,978

10,131

10,44811,15511,71512,28912,726

13,15413,68014,67618,13423,689

23,19925,05625,31626,71930,257

27,08427,35327,66928,04028,05828,269

-28,52729,10929,35329,64430,08430,257

30,87331,41831,96732,32232,40632,338

32,31431,46131,91832,13932,278

Workin

proc-

2,4722,440

2,5712,7212,8642,8282,944

2,9463,1103,2963,4063,511

3,8064,2044,4234,8495,124

5,2755,6695,9836,7138,179

8,6929,576

10,15210,72911,774

10,85910,97810,99411,14211,22211,380

11,52211,62111,88811,86011,89411,774

12,06512,26912,68712,77412,70812,611

12,63412,62012,72512,55112,790

Finishedgoods

7,4097,415

7,6668,6228,6248,4918,845

9,3809,738

10,44410,79611,261

11,67412,67313,52414,60815,621

16,44817,01517,32818,39824,180

24,52126,42929,00531,43034,538

31,30931,46731,82232,14132,27632,813

32,93033,28134,05233,83634,02734,538

35,31336,09536,74137,56737,68138,277

38,28238,35538,28138,04938,253

1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.


TABLE B-49.—Manufacturers' new and unfilled orders, 1947-80

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

New orders*

Total

industries

Total

Capitalgoodsindus*tries,non-

defense

Non-durable

;oodsgoodindusti

Unfilled orders2

TotalDurablegoods

industries

Non-durable

industries

Unfilled orders—shipmentsratio3

TotalDurablegoods

Industries

Non-durablegoodsindus-tries

1947...1948...1949.

19501951..195219531954 .

1955.1956..1957..1958.1959.

1960.196119621963..1964..

19651966.1967 .19681969

197019711972,.19731974

1975..1976...1977.19781979

1979:JanFeb...Mar...

fc..June.July..,Aug .SeptOct.Nov..Dec

1980:JanFeb.. .Mar.May"June.

July..Aug..SeptOclNov *.,

15,25617,69315,614

20,11023,90723,20423,58622,335

27,46528,36827,55927,00230,724

30,23531,10433,43635,52438,357

42,10046,40247,06250,68453,967

52,06855,99064,16276,18387,157

85,08299,184112,451128,488144,335

140,822143,138146,836139,232143,302142,386

142,620143,615147,378146,610146,996149,232

155,588154,603152,065143,313138,920138,582

147,104147,180155,262158,054159,629

6,3888,1266,633

10,16512,84112,06112,14710,768

14,99615,36514,11113,29016,003

15,30315,75917,37418,70920,652

23,27826,17725,83128,11329,887

27,41830,00435,05942,85346,740

41,95751,04759,56270,14577,215

78,68480,43081,64975,92777,03776,028

74,58574,76277,64776,52175,90377,199

81,46781,02177,54672,41667,32866,454

74,22872,22978,96080,69381,756

7,0707,746

6,8007,5178,80311,08912,737

10,77212,50115,08418,30821,643

21,22622,48323,60420,60021,12921,704

21,22721,07721,57821,07321,75422,285

23,85921,48022,59022,16219,58919,954

21,60819,37120,86020,61821,980

9,5668,981

9,94511,06611,14311,43911,566

12,46913,00313,44813,71214,720

14,93215,34516,06116,81517,705

18,82320,22521,23122,57124,079

24,65025,98629,10433,33040,417

43,12548,13752,88958,34467,120

62,13862,70865,18763,30566,26466,359

68,03568,85469,73170,08971,09272,033

74,12173,58274,51970,89771,59272,128

72,87674,95176,30277,36177,873

34,47330,73624,045

41,45667,26675,85761,17848,266

60,00467,37553,18347,37052,732

45,08047,40748,57754,32766,882

80,07198,401105,030109,912115,142

105,916106,772120,395159,468187,574

169,126173,646193,561239,321279,710

244,930252,350258,148262,981264,500267,837

268,362269,269273,033274,097276,767279,710

283,211284,924286,907286,629284,033281,044

282,463282,997285,497286,849288,094

28,57926,61919,622

35,43563,39472,68058,63745,250

56,24163,88050,35244,55949,373

42,51444,37545,96551,27063,691

76,29894,575101,058105,935110,969

101,323101,744114,059152,089182,037

161,286165,509184,708228,819267,879

234,725241,820247,706252,433253,956257,187

257,897258,295261,742262,719264,871267,879

271,399273,263274,884275,098272,981270,383

272,062272,231274,622275,813277,300

5,8944,1174,423

6,0213,8723,1772,5413,016

3,7633,4952,8312,8113,359

2,5663,0322,6123,0573,191

3,7733,8263,9723,9774,173

4,5935,0286,3367,3795,537

7,8408,1378,852

10,50211,831

10,20510,53110,44210,54810,54410,650

10,46510,97411,29111,37811,89611,831

11,81211,66112,02311,53111,05210,661

10,40110,76610,87511,03610,794

3.42

3.633.873.353.093.01

2.782.632.692.803.10

3.333.813.713.843.74

3.643.373.293.874.12

3.693.203.163.353.67

3.433.513.443.693.523.64

3.573.583.633.573.663.67

3.533.533.623.753.833.82

3.713.763.563.513.49

4.12

4.274.554.003.693.54

3.373.133.243.373.72

3.954.554.424.644.48

4,384.043.894.584.94

4.423.833.773.924.35

4.054.134.044.394.184.32

4.264.244.314.234.354.35

4.204.174.304.504.614.60

4.484.524.264.184.15

0.96

1.121.04.85.86,94

.72,79.68.73.72

.80

.76

.73

.69

.69

.77

.77

.88

.93

.64

.83

.74

.73

.80

.81

.76

.79

.75

.77

.74

.75

.71

.76

.78

.78

.81

.81

.75

.77

.79

.76

.74

.71

.68

.72

.69

.71

.69

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate

to seasonally adjusted data for December.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.


PRICES

TABLE B-50.—Consumer price indexes, major expenditure classes, 1929-80

[1967 = 100]

Year or month

1929 ..19331939. . . .

1940 . .1941 . . . .19421943.194419451946.194719481949. .

195019511952.. ..19531954. . ..19551956 . .. .195719581959

1960196]19621963196419651966 . .196719681969

19701971 . .1972 .1973... „1974 .19751976197719781979.1979:

Jan.FebMar. . .AprMay .JuneJulyAug.SeptOct.. ..NovDec

1980.Jan. .FebMar . . .

XvJuneJuly . ...AugSeptOctNov

Allitems

51.338.841.6

42.044.148.851.852.753958.566 972.171.4

72.177.879.580.180.580.281.484 386.687.3

88.789.690.691.792.994 597.2

100.0104 2109.8

116.3121.3125.3133.1147.7161.2170.51815195.4217.4

204.7207.1209.1211.5214.1216.6218.9221.1223.4225.4227 5229.9

233.2236.4239.8242.5244.9247.6247.8249.4251.7253.9256.2

Food and

beverages

Total >

..."""'.

103 6108.8

114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5

218.3222.4224.4226.3228.2229.3230.7230.2231.0232.12331235.5

237.5238.6241.0242.8244.1245.7248.3252.0254.2255.5257.4

Food

48.330 634.6

35.238.445.150.349.650.758.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494 499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

223.9228.2230.4232.3234.3235.4236.9236.3237.1238.2239.1241.7

243.8244.9247.3249.1250.4252.0254.8258.7261.1262.4264.5

Housing

Total2

52Y

52.453.756.256.858.159160.665.269.870.9

72.877.278.780.881.782.383.686.287.788.6

90.290.991.792.793.894 997.2

100.0104 0110.4

118.2123.4128.1133.7148.8164.5174.6186 5202.8227.6

213.1215.6217.6219.8222.4225.5228.4231.5234.6237.7240 8243.6

247.3250.5254.5257.9261.7266.7265.1265.8267.7271.1273.8

Rent,resi-

dential

76.0541560

56.257.258.558.558.658.859.261.165.168.0

70.473.276.280.383.284.385.987.589.190.4

91.792.994.095.095.996 998.2

100.0102.4105.7

110.1115.2119.2124.3130.6137.3144.7153.5164.0176.0

170.3171.0171.3172.0173.8174.7175.9177.5179.0181.41821182.9

184.1185.6186.6187.0188.9191.1192.1193.2195.1197.1198.3

Homeowner-

ship

75.076.377.078.381783.584.4

86.386.987.989.090.892 796.3

100.0105.7116.0

128.5133.7140.1146.7163.2181.7191.7204 9227.2262.4

241.6245.6248.2251.7254.9258.8263.0267.6271.9276.7282 4286.9

292.5296.3302.0307.7312.9320.4315.4315.4317.6323.8329.4

Fuel andother

utilities3

83.083.585.187.389.991.793.8

95.997.197.398.298.498398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202 2216.0239.3

221.5223.3225.9227.5232.2239.0243.5247.2251.2252.9252 0255.1

258.6263.8268.0270.5275.9282.2285.5286.8288.2287.6285.7

Appareland

upkeep

48.536942.4

4^.844.852.354.658.561.567.578.283.380.1

79.086.185.384.684.584.185.887.387.588.2

89.690.490.991.992.793 796.1

100.0105.4111.5

116.1119.8122.3126.8136.2142.3147.6154.2159.6166.6

160.7161.4164.3165.4166.1165.7164.3166.3169.8171.0171.7172.2

171.0171.9176.0177.3177.5177.2176.2178.6182.2183.9184.8

Trans-portation

43.0

42.744.248.147.947.947 850.355 561.866.4

68 272.577.379.578.377.478.883.386.089.6

89.690.692.593.094.395 997.2

100.0103.2107.2

112.7118.6119.9123.8137.7150.6165.5177 2185.5212.0

193.9195.6198.1202.9207.7212.6216.6219.6221.4222.7224 9227.7

233.5239.6243.7246.8249.0249.7251.0252.7254.7256.1259.0

Medicalcare

36.7

36.837.038.039 941142144.448151.152.7

53.756.359.361.463.464 867 269.973.276.4

79.181.483.585.687.389 593.4

100.0106.1113.4

120.6128.4132.5137.7150.5168.6184.7202 4219.4239.7

230.7232.6233.9235.1236.3237.7239.9241.8243.7245.9248.0250.7

253.9257.9260.2262.0263.4264.7266.6268.4270.6272.8274.5

Enter-tainment

ib'6"6"105.7111.0

116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5

182.3183.2184.8186.5187.8188.2189.1190.2191.1192.0192.8193.4

195.3197.8200.6202.5204.0205.3206.6208.0209.8210.9211.2

Othergoodsand

services

ioo.o105.2110.4

116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7

190.5191.9192.8193.2193.9194.5195.2197.0201.7202.3202.9204.0

206.3208.1208.9209.8211.2212.5213.5214.5220.6221.5222.8

Ener-gy1*

1

90.190.391.8

94.294.494.795 094.6963978

100.0101.5104.2

107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9

231.5235.0241.2250.2260.8275.4287.1296.3304.3307.5307.8313.7

327.9344.6355.0358.8363.2367.8370.4370.7370.1368.0366.1

1 Includes alcoholic beverages, not shown separately.2 Includes other items, not shown separately. Series beginning 1967 not comparable with series for earlier years.3 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and other utilities and public services.4 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-51.—Consumer price indexes, selected expenditure classes, 1939-80

[1967-100]

Year ormonth

1939

1940 .1941...19421943'"19441945..!1946194719481949

1950195 l l* .19521953!!!!',195419551956195719581959

19601961196219631964....1965....1966...19671968!!!!!!1969

1970197119721973197419751976!!!!!!197719781979

1979:JanFebMarApr r

MayJune


1980:JanFebMar

i/ay!!!!!!!!!!June

JulyAugSept'!!OctNov

Total

100.0103.6108,8

114.7118.3123.2139,51587172.1177.4188.0206.3228.5

218.3222.4224.4226.3228.2229.3

230.7230.2231.0232.1233.1235.5

237.5238.6241.0242.8244.1245.7

248.3252.0254.2255.5257.4

Food and beverage

Food

Total

34 6

35.238.445.150349 650.758.170.676 673.5

74 582.884 383.082.881.682.284,988,587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

223.9228.2230.4232.3234.3235.4

236.9236.3237.1238.2239.12417

243.8244.9247.3249.1250.4252.0

254.8258.7261.1262.4264.5

Athome

*ni79.876.7

77 686.387 886.285.884.184.487.291.088.8

89.690.491.092.293.295.5

100.3100.0103.2108.2

1137116.4121.6141,4162.4175.8179.5190.2210.2232.9

223.1228.0229.9231,7233.4234.2

235.5233.9234.7235.4236.02387

240.6241.3243.6245.3246.5248.0

251.5256.3258.9260.0262.1

Awayfromhnmonome

68.970.170.872.274.977.279.3

81.483.285.487.388.990.995.1

100.0105.2111.6

119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9

230.2233.4236.0238.4241.12427

244.9246.5247.6249 6251.3253.4

256.1258.3260.9263.0264.6266.6

267.8269.5271.4273.1275.3

Homeownership

Total

75.076.377.078.381783.584.4

86.386.987.989.090.892.796.3

100.0105.7116.0

128.5133.7140.1146.7163.2181.7191.7204.9227.2262.4

241.6245.6248.22517254.9258.8

263.0267.6271.9276 7282.4286.9

292.5296.3302.0307.7312.9320.4

315.4315.4317.6323.8329.4

UAMA

nomepur-

chase

' ' ' 86.587.187 387.690.091.3913

91892 393.294 295,797.098.6

100.0102.8109.5

118.3124.8130.013271427160.3168.4179.5196.7223.1

208.1210.9212.7215.4217.6220.9

224.0226.9229.8233 4237.3239.9

242.1243.0244.0246.52497252.6

253.9258.1261.5265.5267.3

Financ-ing,taxes,and

insur-ance

100.0108.31237

142.3143.5150.8160.6181.1201.9212.8227.2257.8308.9

276.6283.52877292.1297.2302.2

308.6316.4323.0330 5340.1348.3

359.83677379.9390.6399.7416.1

399.6393.6393.5404.7416.9

Mainte-nanceand

repair

71.272.474.177.280.581.883.2

84.685.986.587.789.591.395.2

100.0106.1115.0

124.013371407151.0171.6187.6199.6214.7233.0256.4

245.2245.9247.5250.6252.4255.5

257.9259.7262.5264 7266.4268.3

270.62737278.8282.9284.9285.9

287.6288.5291.6292.8294.2

Fuel and other utilities

Total

83.083.585.187.389.991793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

221.5223.3225.9227.5232.2239.0

243.5247.2251.2252 9252.0255.1

258.6263.8268.0270.5275.9282.2

285.5286.8288.2287.6285.7

Household fuels

Total

101.4103.4

107.9115.3120.1128.41607183.8202.3228.6247.4286.4

256.3259.3264.0266.8274.6286.2

293.82997306.6310 3307.0311.8

318.0327.1333.9337.8346.4355.8

360.8362.5364.5362.8358.7

Fueloil

coal,and

bottledgas

37.1

38.240.543.145.247.148.051.358.468,670.3

72 776.57808l!581.282.385.990.388789.8

89.291.091.593.292794.697.0

100.0103.1105.6

110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1

316.4326.1339.5349.8364.3391.2

412.9438.6461.6470 8477.4488.0

514.0539.1553.4556.4556.05587

560.4561.5561.5558.7567.0

Gasandelec-tricity

82.9

82.181.481.080.680.379.677.477.179.181.0

81.281.582.684.285.387.588.489.392.4947

98.699.499.499.499.499.499.6

100.0100.9102.8

107.31147120.5126.4145.8169.6189.0213.4232.6257.8

239.5241.2244.0245.3251.6259.9

264.5266.5270.1272 5267.3270.8

273.0278.8284.0288.0298.2308.8

314,3316.1318.4317.1310.5

Otherutilities

andpublicserv-ices

iod,'o101.2104.0

107.41147120.6124.1130.3137.1145.4152,0158.3159.5

159.0159.0158.8158.8159.0159.2

159.4159.8159.8158 8161.0161.9

161.5161.3161.9162.3163.1164.9

165.9166.5167.1167.8169.0



TABLE B-51.—Consumer price indexes, selected expenditure classes, 1939-80—Continued

[1967=100]

Year or month

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969 ....

19701971197219731974197519761977197819791979:JanFebMar ...AprMay::..:...:.::..:...:::::"..:.JuneJulyAuesept:::::::::.: „• . : : : v

NovDec

1980:Jan . . . . .FebMarAprMayJuneJulvAugSeptOctNov

Total

43.0

42.744.248.147.947.947.850.355.561.866.4

68.272.577.379.578.377.478.883.386.089.6

89.690.692.593.094.395.997.2100.0103.2107.2

112.7118.6119.9123.8137.7150 6165.5177.2185.5212.0

193.9195.61981202 9207.7212.6216 6219.6221.4222 7224 9227.7

233.5239 6243.7246.8249 0249.7251.0252.7254 72561259.0

Transportatior

Private

Total

44.2

43 645.952 351.451.451.354.361.568.272.3

72.575 880.882.480.378 980.184 787.491.1

90.691.393.093.494.796.397.51000103.0106.5

111.1116.6117.5121.5136.6149 8164.6176.6185.0212.3

193.8195 51981203 2208.1213.3217 4220.4222.02231225 0227.5

233 5239 8244.0247 0249 2249.7250.5251.6253 2254 5257.4

Newcars

43.2

43,346.6

69275.682.8

83.487 494 995.894.390.993.598.4101.5105,9

104,5104.5104.1103,5103.2100.999.1100.0102.8104.4

107.6112.0111.0111.1117.5127 6135.7142.9153.8166.0

161.2162.3162 7164 3165.8166.3166 7166.6166.1167.5170 6171.7

173 9175 3175.0177.0178 9178.5179.2181.1181.71819184.3

Usedcars

. :::

89.2"75.971869.177 480.289.5

83.686.994.896.0100.199.497.010000)

103.1

104.3110.2110.5117.6122.6146 4167.9182.8186.5201.0

193.6193 4195 4200 0205.4208.9209 2207.0202.9199 9198 4198.2

197 2195 3195.2196.7199 3200.7203.4206.4214 6222 7230.8

Gaso-line

49.0

48150.553 454.054.253.854.962.270.472.3

71.873 975.880.382.583 686.590 088.889.9

92.591.491.991.891.494.997.0100 0101.4104.7

105 6106.3107.6118.1159.9170 8177.9188.2196.3265.6

209.1213 0220 6234 7247.7265.0280 0292.03010303 8306 9313.9

334 6357 6370.9374 7375 4376.2376.7375.9373 0370 5370.5

Auto-mobilemainte-nanceandrepair

43.1

43.044.948.849.450.050.452.056.459.661.1

62.367.068.672.374.876.579.582.483.785.5

87.289.390.491.692.894.596.2100.0105.5112.2

120.6129.2135.1142.2156.8176.6189.7203.7220.6242.6

231.3233.9236.3238 2240.1242.0244.0245.7247.1249.1250.8252.6

255.1258.2260.9264.3266.1267.3269.0271.1273.8276.0278.4

Other

iod.6103.4109.7

119.2128.4129.1127.8132.4141.2163.1177.3184.6198.6

191.4192.5193.4194 8196.4297.3198 5200.5201.7203.7205 5207.5

209.8212.6. 216.5223.3224.5225.0224.5224.7226.0226.5228.8

Publictranspor-tation

33.1

33133.133 333.433.533.534.436.040.745.2

48.954 057.561.365.567 470.072 776.178.3

81.084.687.488.590.191.995.2100 0104.6112.7

128.5137.7143.4144.8148.0158.6174.2182.4187.8200.3

190.0190.71915192 6193.3194.0197 1200.8205.2209.1216.5223.0

226.8229 5232.1235.9239.5242.2250.5261.5271.0273.6277.0

Medical care

Total

36.7

36.837.038.039.941.142.144.448.151.152.7

53.756 359.361.463.464.867.269.973.276.4

79.181.483.585.687.389.593.4100.0106.1113.4

120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7

230.7232.6233.9235.1236.3237.7239.9241.8243.7245.9248.0250.7

253.9257.9260.2262.0263.4264.7266.6268.4270.6272.8274.5

Medicalcarecom-

modities

71.1

70 871.473 073.574.374.876.281.886.187.4

88.591091.892.693.794 796.799 3102.8104.4

104.5103.3101.7100.8100.5100.2100.5100 0100.2101.3

103.6105.4105.6105.9109.6118 8126.0134.1143.5153.8

148.8150.1150.7151.6152.4153.3154.1155.0155.8156.6157.8159.2

160.5162.1163.5164.9166.4167.9169.1170.2171.3172.5173.8

Medi-calcareserv-ices

32.5

32 532.733 735.436.937.940.143.546.448.1

49.251 755.057,058.760 462.865 568.772.0

74.977.780.282.684.687.392.0100 0107.3116.0

124 2133.3138.2144.3159.11791197.1216.7235.4258.3

248.3250.4251.8253 1254.4255.9258.5260.6262.8265.3267.6270.7

274.4279 0281.5283.4284.7285.9288.0289.8292.3294.8296.6

1 Not available.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of'Labor Statistics.


TABLE B-52.—Consumer price indexes by commodity and service groups, 1939-80

[1967=100]

Year or month

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962.... . .19631964....19651966196719681969

197019711972197319741975....1976....197719781979

1979:JanFebMar.

i S & ' "*::::::June

JulyAugSept. ..OctNovDec .

1980.JanFebMarApr .MayJune

JulyAug . . . .SeptOctNov

Allitems

41.6

42.044.148.851852.753.958.566.972.171.4

72177.879 580.180.580.281.484.386.687.3

88.789.690.691792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195 4217.4

204 7207.1209.1211.5214.1216.6

218.92211223.4225 4227.5229.9

233.2236.4239.8242.5244.9247.6

247.8249.4251.7253.9256.2

Commodities

Allcom-

modities

40.2

40.643.349.654.054.756.362.475.080.478.3

78885.987 086.785.985.185.988.690.690.7

91.592.092.893.6

,94,6/ 95.7

98.2100.0103.7108.4

113.5117.4120.9129.9145.5158.4165.2174.71871208.4

195.8198.3200.5203.3205.8208.4

210.5212 2214.1215 6217.4219.4

222.4225.2228.0229.9231.4232.8

234.1236.7239.0240.7242.5

Food

34.6

35.238.445.150.349.650.758.170.676.673.5

74 582.884 383.082.881.682.284.988.587.1

88.089.189.991292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.22114234.5

223.9228.2230.4232.3234.3235.4

236.9236 3237.1238 2239.1241.7

243.8244.9247.3249.1250.4252.0

254.8258.7261.1262.4264.5

Commodities less food

All

47.7

48.050.456.058.461.664.168.176.882.781.5

81.487.588 388!587,586.987.890.591.592.7

93.193.494.194.895.696.297.5

100;0103.7108.1

112.5116.8119.4123.5136.6149.1156.6165.1174 7195.1

181.9183.7185.9188.9191.6194.7

197.0199 5201.8203 42054207.2

210.4213.8216.7218.6220.2221.4

222.2224.2226.6228.3230.0

Durable

48.5

48.151.458.460.365.970.9•74.180.386.287.4

88.495.196 495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.8116.5118.9121.9130.6145.5154.3163.2173 9191.1

182.0183.6184.9187.2189.2191.1

192.6193 6194.5196 0198.4199.8

201.3202.1203.0204.9207.1208.6

209.8212.4215.3218.1220.6

Non-durable

44.3

44.746.751.653.856.658.662.972.277.876.3

76 282.082 483.183.583.585.387.688.289.3

90.791.291.892 793.594.897.0

100.0104.1108.8

113.1117.0119.8124.8140.9151.7158.3166.5174 3198.7

1803182.2185.7189.6193.2197.6

201.1205 4209.621132123215.2

220.5227.3232.6234.6235.5236.3

236.6237.8239.3239.6240.5

Altservices

43.5

43.644.245.646.447.548.249.151.154.356.9

58.761.864.567.369.570.972.775.678.580.8

83.585.286.888.590.292.295.8

100.0105.2112.5

121:6128.4133.3139.1152.1166.6180.4194.3210 9234^2

221.1223.3225.1227.0229.5232.1

234.7237 6240J243 6246.2249.3

253.1256.8261.3265.3269.2274.2

272.4272.5274.8277.9280.9

Services

Rent

56.0

56.257.258.558.558.658.859.261.165.168.0

70473.276 280.383.284.385.987.589.190.4

91.792.994.095.095.996.998.2

100.0102.4105.7

110.1115.2119.2124.3130.6137.3144.7153.5164 0176.0

170.3171.0171.3172.0173.8174.7

175.9177 5179.0181 4182.1182.9

184.1185.6186.6187.0188.9191.1

192.1193.2195.1197.1198.3

Serv-iceslessrent

38.1

38.138.640.342.144.245.146.749.051.954.5

56 059.362 264.866.768.270.173.376.479.0

81.983.985.587.389.291.595.3

100.0105.7113.8

123.7130.8135.9141.8156.0171.9186.8201.6219 4244.9

230 4232.9235.0237.1239.8242.6

245.6248 8252il255 1258.2261.6

266.1270.2275.4280.0284.4290.0

287.6287.4289.8293.2296.4

Special indexes

Allitemslessfood

47.2

47.348.752.153.655.756.959.464.969.670.3

71.175.777.579.079.579.781.183.885.787.3

88.889.790.892.093.294.596.7

100.0104.4110.1

116.7122.1125.8130.7143.7157.1167.5178.419122133

199.8-201.8203.8206.3208.9211.8

214.2216 921932218224*. 1266.4

229.9233.5237.1239.9242.6245.5

245.1246.3248.6250.9253.2

Allitemsless

energy

##

. . . . ._.„. .

86.387.0

88.389.390.491.692.994.397.3

100.0104.4110.3

117.0122.0126.1133.8146.9160.2169.2179.8193 8213]l

202.9205.2206.9208.8210.7212.2

213.8215 42173219 2221.4223.6

225.9228.0230.8233.4235.7238.3

238.3240.0242.5245.1247.7

Allitofncuernslessfoodand

ener-gy

"8X3"85.287.0

88.389.390.591693.094.396.6

1000104.6110.7

117.6123.1126.9131.31412155.3165.5175.8188 72073

197.0198.8200.4202.3204.1205.8

207.3209 4211.5213 6216.1218.1

220.6222.8225.7228.5231.0233.7

233.1234.3236.9239.7242.4

Ener-gy1

"g'ti.'i90.391.8

94.294.494.795.094.696.397.8

100.0101.5104.2

107.0111.2114.3123.5159.7176.6189.3207.3220.42753

231.5235.0241.2250.2260.8275.4

287.1296 33043307 5307*313.7

327.9344.6355.0358.8363.2367.8

370.4370.7370.1368.0366.1

1 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-53.—Changes in consumer price indexes major groups, 1948-80

[Percent change]

Year or month

19481949.. . .

1950 .. .195119521953 .1954

19551956195719581959

19601961196219631964 . . .

196519661967 .. . .19681969 ... .

1970.. . .. .1971 ....197219731974

19751976197719781979

1979:JanFebMar

f/ay.June

JulvAugSept' ' . .OctNovDec

1980:JanFebMarAorMayJune

Aug. ..Septo c f . . . : . . . . .Nov

All items

Dec.to

Dec.2

2.7- 1 . 8

5.85.9.9.6

- .5

.42.93.01.81.5

1.5.7

1.21.61.2

1.93.43.04.76.1

5.53.43.48.8

12.2

7.04.86.89.0

13.3

Yearto

year

7.8- 1 . 0

1.07.92.2.8.5

- .41.53.62.7.8

1.61.01.11.21.3

1.72.92.94.25.4

5.94.33.36.2

11.0

915.86.57.7

11.3

Commodities

Total

Dec.to

Dec.2

1.7- 4 . 1

7.75.9

— 7-.S

-I A

- .42.62.61.3.6

1.101.01.4.8

1.62.52.53.85.5

4.02.93.4

10.412.7

6.33.36.18.9

13.0

Yearto

year

7.2- 2 . 6

.69.01.3

- .3- .9

- .9.9

3.12.3.1

.9

.5

.9

.91.1

1.22.61.83.74.5

4.7343.07.4

12.0

8.94.35.87.1

11.4

Food

Dec.to

Dec.2

- 0 . 8- 3 . 7

9.67.4

- 1 . 1- 1 . 3- 1 . 6

— 9112.82.2

- .8

3.1- .91.51.91.4

3.43.91.24.37.2

2.24.34.7

20.112.2

6.5.6

8.011.810.2

Yearto

year

8.5- 4 . 0

1.411.11.8

- 1 . 5- .2

- 1 . 4.7

3.3.4.2

- 1 . 6

1.01.3.9

1.41.3

2.25.0.9

3.65.1

5.53.04.3

14.514.4

8.53.16.3

10.010.9

Commoditiesless food

Dec.to

Dec.2

5.3- 4 . 8

5.74.6

- .52

- 1 . 4

02.52.2.8

1.5

- .3.6.7

1.2.4

.71.93.13.74.5

4.82.32.55.0

13.2

6.25.14.97.7

14.3

Yearto

year

77- 1 . 5

- .17.5.9.2

- 1 . 1

- 71.03.11.11.3

.4

.3

.77.8

.61.42.6374.2

4.13.82.23.4

10.6

9.25.05.45.8

117

Services

Dec.to

Dec.2

6.13.6

3.65.24.64.21.9

2.33.14.5273.7

2.71.91.72.31.8

2.64.94.06.17.4

8.24.13.66.2

11.3

8.17.37.99.3

13.7

Yearto

year

6.34.8

3.25.34.44.33.3

2.02.54.03.82.9

3.32.01.92.01.9

2.23.94.45.26.9

8.15.63.84.49.3

9.58.3778.5

11.0

Energy »

Dec.to

Dec.2

....

....

" - 0 74.3

1.5- 1 . 1

2.1- .8- .2

2.01.81.4173.1

4.53.12.8

16.821.6

11.66.97.28.0

37.4

Yearto

year

0217

2.6.2

!a- .4

1.81.62.21.527

273.92.88.0

29.3

10.67.29.56.3

25.2

Change from preceding month

Unad-justed

0.91.21.01.11.21.2

11101.0.9.9

1.1

1.41.41.41.11.01.1

.1

.69.9.9

Sea-sonally

ad-justed

0.91.11.01.01.01.0

1.1101.2101.01.2

1.41.41.4

99

1.0

0

101.01.0

Unad-justed

0.81.31.11.41.21.3

103.9.7.8.9

1.41.31.2.87.6

.61.11.0

7

Sea-sonally

ad-justed

1.01.21.11.0.9

1.0

1.19

1.2.8

1.01.1

1.41.21.2.5.3

.61.21.2.8

1.0

Unad-justed

2.11.91.0.8.9.5

.63

c.4

1.1

.9

.51.07.5

1.11.5.9

Sea-sonally

ad-justed

1.41.41.0.6.6.3

.51

1.0.8

L4

0- .01.0.5.3.5

1.01.816.8

1.1

Unad-justed

0.31.01.21.61.41.6

1.2131.2.8

1.0.9

1.51.61.4

97.5

.4

.911.8•7

Sea-sonally

ad*justed

0.81.01.11.21.11.4

1.313L3.8

1.11.1

2.0171.3.5.4.3

.5

.911,S.9

Unad-justed

0.91.0.8.8

1.11.111121.31.21.11.3

1.51.51.81.5151.9

_ 7.08

1.11.1

Sea-sonally

ad-justed

0.81.1.8.9

1.21.0

1.1111.21.21.11.4

1.41.51.91.51.61.8

- .8- .1

71.21.0

Unad-justed

1.41.52.6374.25.6

4.23.22.71.1.1

1.9,

4.55.13.01.11.21.3

7.1

-2

-!s

Sea-sonally

ad-justed

1.61.5273.5374.6

3.833i\1.3.9

2.3

4.65.13.0.9.8.3

.3

2

.31 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and gasoline, motor oil, coolant, etc.2 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-54.—Changes in special consumer price indexes, 1958-80

[Percent change]

Year or month

19581959

19601961196219631964

19651966 .1967 . .1968. .1969 .

1970 .1971 .19721973 . . . .1974

19751976197719781979

1979:JanFebMar

ft. :.•••• • •JuneJulyAug..S e p t . .OctNovDec

1980:JanFebMarApr.fayJune

JulyAugSeptOct . .Nov

All items

Dec.to

Dec.2

1.81.5

1.5

1*21.612

1.93.430476.1

5.5343.48.8

12.2

704.86.89.0

13.3

Yearto

Year

2.7.8

1.61.01.11.21.3

1.72.92.94.25.4

5.94.33.36.2

11.0

9.15.86.57.7

11.3

Att items lessfood

Dec.to

Dec.2

1.62.3

1.0Ll1.21.61.0

1.63.33.54.95.7

6.53.13.05.6

12.2

7.16.26.38.5

14.0

Yearto

Year

2.31.9

1.71.01.21.31.3

1.42.33.44.45.5

6.04.63.03.99.9

9.36.66.57.2

11.4

All items lessenergy

Dec.to

Dec*

1.91.4

1.4.8

1.21.81.3

1.93.53.14.96.4

5.63.33.58.3

11.5

6.74.66.89.2

11.1

Yearto

Year

2.9.8

1.5Ll1.21.31.4

1.53.22.84.45.7

6.14.33.46.19.8

9.15.66.37.8

10.0

At) items lessfood and energy

Dec.to

Dec.2

1.82.2

.81.51.11.81.2

1.53.33.95.16.1

6.63.13.04.7

11.3

6.76.16.48.5

11.3

Yearto

Year

2.32.1

1.51.1131.21.5

1.42.43.54.65.8

6.24.73.13.58.3

9.26.66.27.39.7

All items lesshome purchaseand finance1

Dec.to

Dec*

5̂ 5

4.73.73.39.0

12.2

6.75.16.38.1

11.3

Yearto

Year

4.147

5.14.53.16.6

1L1

8.85.86.56.9

10.0

Change from preceding month

Unad-justed

0.912101.11.21.2

11101.0.9.9

1.1

1.41414111.01.1

.1

.699.9

Sea-sonally

ad-justed

0.91.11.01.01.01.0

1.11.01.21.01.01.2

1.41.41.4.9.9

1.0

0

L O1.0

Unad-justed

0.61.01.01.21.31.4

1.11.31.21.01.01.0

1.51.61.51.21.11.2

- . 2.5.9.9.9

Sea-sonally

ad-justed

0.81.11.01.1Ll1.2

1.21.21.21.1Ll1.2

1.81.61.5Ll1.0Ll

- . 2A.9

1.0.9

Unad-justed

0.8Ll.8.9.9

.8

.7

'.91.01.0

1.0.9

1.2Ll1.0Ll

0.7

1.01.1Ll

Sea-sonally

ad-justed

0.9.9.8.7.8.6

.8

.8

.9

.91.01.2

1.1.7

1.21.0.9

1.0

0.8

1.01.2Ll

Unad-justed

0.5.9.8.9.9.8

.71.01.01.01.2.9

Ll1.01.31.2Ll1.2

- . 3.5

Ll1.21.1

Sea-sonally

ad-justed

0.71.0.8.8.8.8

.81.0.9

1.0Ll1.2

1.3Ll1.2Ll1.0Ll

'.$1.21.1

Unad-justed

0.91.0.9

1.11.21.1

.9

.8

.8

.6

.6

.9

1.21.41.3.9

.7

.81.0

.5

Sea-sonally

ad-justed

1.08.9.9

1.0.9

.9

.9

.9

.8

.81.0

1.31.21.3

'.5.6

.61.01.1.6.9

'All items less home purchase and financing, taxes, and insurance.2 Changes from December to December are Based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-55.—Producer price indexes by stage of processing, 1947-80

[1967=100]

Year or month

Finished goods

Totalfinishedgoods

Consumer foods

Total Crude Proc-

Finished goods excluding consumer foods

Total

Consumer goods

Total Durable

Capitalequipment

Totalfinished

consumergoods

1947 .1948 .1949.1950 .1951 .1952.1953..1954.1955..1956...1957195819591960.196119621963196419651966 . .1967 ..1968.1969.1970 .1971 ...1972 ..1973...19741975.19761977 .197819791980 »..

1979:Jan.Feb...Mar.

fe.June-July....Aug...Sept..Oct...Nov..Dec...

1980: »Jan....Feb....Mar..

June..

JulyAugSeptOctNov . .Dec. . .

74.079.977.6

79.086.586.085.185.3

85.587.991.193.293.0

93.793.794.093.794.1

95J98.8

100-0102.8106.6

110.3113.7117.2127.9147.5

163.4170.3180.6194.6216.1

244.7

205.4207.7209.1211.4212.7213.7

216.2217.3220.7224.2226.3228.1

232.4235.7238.5240.5241.6243.0

247.1249.1248.9252.2253.2254.7

82.890.483.1

84.795.294.389.488.7

86.586.389.394.590.1

92.191.792.591.491.9

95.4101.6100.0103.6110.0

113.5115.3121.7146.4166.9

181.0180.2189.2206.7226.3

238.0

220.2225.1226.3227.8226.6223.6

224.9223.5228.1226.7230.5232.1

231.4231.6233.1228.9230.0231.0

239.7244.9245.8245.9246.9247.2

99.4107.1101.3

92.2105.9112.8105.294.7

98.898.797.4

103.594.3

100.696.197.095.598.2

98.6104.8100.0107.5116.0

116.3115.8121.2160.7180.8

181.2194.8201.8215.5231.4

234.1

236.7257.2244.6241.8226.7227.1

224.9231.7214.0215.5228.1227.9

226.0220.1230.9222.3226.1223.6

233.8240.8253.2231.3248.2252.6

80.287.6801

83.493.291.386.787.6

84.484.387.993.189.5

90.7,90.991.790.790.8

94.9101.0100.0103.0108.9

113.1115.1121.7143.9164.6

181.3177.4186.4204.1223.8

236.1

216.9220.5222.8224.6224.4221.3

222.8220.7227.0225.5228.6230.3

229.7230.4231.1227.2228.1229.4

238.0243.0242.9244.8244.5244.5

100.0102.6105.4

109.1113.1115.4120.1139.3

156.2165.5176.2188.9210.8

244.4

198.8200.2201.7204.2206.3208.5

211.4213.2216.2221.3222.8224.6

230.5234.6237.8241.7242.8244.3

246.9248.0247.4251.7252.7254.5

79.084.082.2

83.589.588.389.189.4

90.192.394.694.795.9

96.396.296.096.095.9

96.698.1

100.0102.1104.6

107.7111.4113.5118.6138.6

153.1161.8172.1183.7208.2

248.5

193.4194.9196.7199.3202.1205.2

208.9212.3216.3221.4223.1225.3

232.3238.3242.3246.2247.6249.5

251.9252.8252.3255.0255.9257.6

74.679.781.8

82.788.288.989.690.3

91.294.397.198.499.6

99.298.898.397.898.2

97.998.5

100.0102.2104.0

106.9110.8113.3115.4125.9

138.2144.4152.2165.8181.9

204.9

175.2176.2176.8178.4179.5180.4

181.6181.1182.9189.0190.0191.8

199.1202.1200.3201.2201.0203.5

206.6207.0204.9211.0210.6211.7

80.785.882.3

83.690.087.888.688.9

89.491.193.292.694.0

94.794.794.895.194.8

95.997.8

100.0102.2105.0

108.3111.7113.6120.5146.8

163.0173.3185.4195.4225.9

278.2

205.4207.2209.8213.1217.1221.7

227.1233.4239.0243.3245.5247.9

254.7262.7270.9276.9279.6281.0

283.0284.2284.7284.9287.0289.1

55.460.463.4

64.971.272.473.674.5

76.782.487.589.891.5

91.791.892.292.493.3

94.496.8

100.0103.5106.9

112.0116.6119.5123.5141.0

162.5173.2184.5199.1216.7

239.5

209.3210.8211.7214.0215.1215.8

217.2216.5217.8222.8223.9225.3

229.3230.5232.2236.2236.6237.7

240.5241.8241.3248.2249.1251.1

80.586.582.5

83.991.890.789.289.1

88.589.892.494.493.6

94.594.394.694.194.3

96.199.4

100.0102.7106.6

109.9112.9116.6129.2149.3

163.6169.0178.9192.6215.7

246.7

203.7206.3207.9210.2211.6212.7

215.6217.5221.7224.7227.1229.1

233.5237.6240.8242.1243.4245.0

249.6251.9251.8253.6254.7255.9



TABLE B-55.—Producer price indexes by stage of processing, 1947-80—Continued

[1967=100]

Year or month

1947.. .19481949

1950 . . . .1951 . .195219531954

195519561957,.19581959

19601961,. .1962,. . .19631964

19651966 ; ;*.196719681969.. .

19701971.19721973,. .1974.. .

1975. . .19761977.19781979..

19801

1979:Jan .Feb . . . .Mar

May. " "June

July.. . .AugSept....OctNov . . .Dec. ..

1980:l

Jan . . . .FebMai .

JR. •: .JuneJuly . .Aug .SeptOct . .Nov .Dec ..

Total

72.478.375.2

78688.185 586.086.5

88192.094.194395.6

95.695.094 995.295.5

96.899.2

100.0102 3105.8

109.9114.1118.7131.6162.9

180.0189.3201.7215.5242.8

279.6

225.7228.5231.5235.8238.2240.3

244.6247.5251.0255.0256.3258.7

265.9271.6273.7275.1276.4278.2

281.0283.8284.1286.3288.0291.2

Intermediate materials,

Foodsand

feeds9

994102.7

109.1111.7118.5168.4200.2

195.3186.6191.0201.0223.2

252.3

214.3218.2218.9220.7219.3223.0

231.0223.1226.6226.0226.9229.8

224.8237.5232.4227.3239.7242.1

251.0264.4267.1282.2288.7269.9

Other

70.076.174.2

77.787.084 385.3857

88.392.695.094.896.4

96.895.595.395.095.6

96.998.9

100.0102 5106.1

109.9114.3118.9128.1159.5

178.6189.5202.4216.4244.0

281.3

226.5229.1232.3236.7239.3241.3

245.4249.0252.5256.8258.1260.5

268.4273.7276.2278.0278.6280.5

282.9285.0285.2286.6288.0292.6

supplies, and components

Materials andcomponents

Formanufac-

turing

72.177.874.5

78.188.584.886.286.3

88.492.694.895.296.5

96.595.394.794.995,9

97.499.3

100.01022105.8

110.0112.8117.0127.7162.2

178.7185.6195.5208.3234.1

265.4

218.6221.6224.5229.0230.9232.1

236.0238.0240.7244.3245.5247.8

255.5259.8259.5260.3262.2264.1

265.4268.6268.4271.8273.1275.5,

Forcon-

struction

66.073.173.2

77.084.383.785.185.5

88.993.594.094.096.6

95.994.694.294.595.4

96.298.8

100.0105 0110.8

112.6119.7126.2136.7161.6

176.4188.0202.9224.4246.9

268.2

236.1239.0241.3244.5245.2245.6

247.4249.2252.5254.7254.0253.7

257.7262.1265.5265.6265.7267.1

269.8271.7271.5272.1273.9276.2

Proc-essedfitflleand

lubri-cants

85.596.988.2

89.993.992.893.493.3

93.396.2

101.996.095.6

98.299.499.098.196.0

97.499.2

100.097 698.5

105.0115.2118.9131.5199.1

233.0250.9283.8296.4360.9

4941

302.0304.8312.9323.9336.8349.5

364.8384.6399.4410.6416.5424.6

444.0464.0481.0486.9488.8493.0

505.2508.2510.2507.1510.8529.7

tainers

66.869.870.1

72.084.579.980.081.5

82.688.692.594.794.2

95.594.795.994.794.0

95.898.4

100.01024106.3

111.4116.6121.9129.2152.2

171.4181.4193.1212.5235.3

2634

223.9224.3229.3231.8234.5234.9

235.4237.6237.9242.6243,8247.1

250.9251.6253.8262.6263.8265.5

266.6266.8266.8270.0269.8272.0

Supplies

77.581.076.3

78.988.888.884.386.3

84.887.188.090.091.2

90.791.893.895.294.3

95.299.4

100.01010102.8

108.0111.0115.6140.6154.5

168.1179.2188.0196.9217.6

2461

207.4209.6211.1212.8213J216.1

219.6219.6221.2224.9226.4229.2

232.5239.0240.8241.7241.8243.2

247.2249.6251.7253.7256.3256.0

Crude materials for further processing

Total

101.2110.996.0

104.6120.1110.3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.7100.01016108.4

112.3115.1127.6174.0196.1

196.9205.1214.3240.1282.2

3161

260.2270.4276.6279.9282.3283.0

287.1281.7288.3289.5290.8296.2

296.8308.4303.5297.0300.7299.6

316.6329.1331.8336,0337.6335.6

Food-stuffsandfeed-stuffs

111.7120.8100.3

107.6124.5117.2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100.01013109.3

112.0114.2127.5180.0189.4

191.8190.1190.9215.3247.2

258 9

233.0243.7247.4251.5251.9248.2

254.12437248.7247.5246.4249.7

243.0252.6245.9235.5242.9242.5

263.52767276.7279.1277.3271.3

Other

Total

""ioo.6"102 2106.8

112.7117.0128.0162.5208.9

206.9233.6258.42867348.3

424 5

311.5320.7331.6333.3339.6348.7

349.3353.6363.1368.9374.9384.2

398.9414.3412.7413.9410.5407.9

417.1424.4436.3444.1452.0457.8

Fuel

66.678778.3

77.979.479.982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.01023106.6

122.6139.01487164.5219.4

271.5314.7400.54637568.2

710.2

504,3513.9525.2529.2556.8563.1

5707586.2604.0612,9617.4634.5

636.3664.8664.1678.9690.3695.6

710.5725.4740.5756.1776.1783.3

Other

90.6100.791.6

10471207104.61O0.198.2

103.8107.6106.2102.2105.8

101.4102.5102.01007102,4

104.5106.7100.01021106.9

109.81107121.9161.5205.4

188.3210.2217.3235:4284.5

3416

255.62647275.5276.5276.6286.6

285.2286.1293.3298.1304.6311.6

330.1341.7339.8337.0329.3324.4

331.9342.2348.1353.5357.9363.3

1 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.2 Intermediate materials for food manufacturing and feeds.



TABLE B-56—Producer price indexes by stage of processing, special groups, 1974-80

[1967=100]

Year or month

1974

19751976...197719781979

19802

1979:Jan. . ..Feb

Mar

•ft'".!."' .June

JulyAugSeptOctNov..Dec.

1980.2

JanFebMarAprMay. .June

JulyAugSept . . . .OctNov .Dec

Finished goods

Total

147.5

163.4170.3180.6194.6216.1

244.7

205.4207.7209.1211.4212.7213.7

216.2217.3220.7224.2226.3228.1

232.4235.7238.5240.5241.6243.0

247.1249.1248.9252.2253.2254.7

Food

166.9

181.0180.2189.2206.7226.3

238.0

220.2225.1226.3227.8226.6223.6

224.9223.5228.1226.7230.5232.1

231.4231.6233.1228.9230.0231.0

239.7244.9245.8245.9246.9274.2

Energy

215.2

252.4274.5305.0318.1438.1

666.9

340.8346.1356.7372.1392.4415.7

445.8474.1504.9525.8536.0546.8

568.3607.3649.8674.8684.1685.0

688.5690.4688.6683.4686.4695.7

Excluding food and

Total

133.3

148.5156.7166.1178.6194.4

216.1

187.5188.8189.7191.4192.4193.3

194.5194.8196.1200.2201.1202.5

207.3209.4210.2212.8213.4215.0

217.4218.4218.0222.7223.5224.8

energy

Capi-

talequip-

ment

141.0

162.5173.2184.5199.1216.7

239.5

209.3210.8211.7214.0215.1215.8

217.2216.5217.8222.8223.9225.3

229.3230.5232.2236.2236.6237.7

240.5241.8241.3248.2249.1251.1

Con-sumergoods

exclud-

ingfoodanddHU

energy

129.1

141.0148.0156.1167.4182.4

203.6

175.8176.9177.8179.1180.2181.2

182.3183.2184.6188.1188.9190.2

195.7198.3198.6200.4201.0203.0

205.2205.9205.6209.0209.7210.6

Intermediate materials,supplies, and components

Total

162.9

180.0189.3201.7215.5242.8

279.6

225.7228.5231.5235.8238.2240.3

244.6247.5251.0255.0256.3258.7

265.9271.6273.7275.1276.4278.2

281.0283.8284.1286.3288.0291.2

Foodsand

feeds1

200.2

195.3186.6191.0201.0223.2

252.3

214.3218.2218.9220.7219.3223.0

231.0223.1226.6226.0226.9229.8

224.8237.5232.4227.3239.7242.1

251.0264.4267.1282.2288.7269.9

Energy

188.7

220.8237.3268.3281.2344.6

475.7

287.6290.2297.7308.3320.7333.7

348.1366.9382.2392.6399.7407.6

425.9445.9462.0468.8471.1476.0

487.1489.9491.5488.6492.0509.0

Other

156.7

174.7184.9196.0210.1234.1

262.0

220.5223.2225.9229.7231.4232.3

235.3237.4239.7243.4244.1246.0

252.8256.7257.8259.1259.5261.1

262.6264.6264.7266.5267.8271.1

Crude materials for furtherprocessing

Total

196.1

196.9205.1214.3240.1282.2

316.1

260.2270.4276.6279.9282.3283.0

287.1281.7288.3289.5290.8296.2

296.8308.4303.5297.0300.7299.6

316.6329.1331.8336.0337.6335.6

Food-Stuffs

andfeed-stuffs

189.4

191.8190.1190.9215.3247.2

258.9

233.0243.7247.4251.5251.9248.2

254.1243.7248.7247.5246.4249.7

243.0252.6245.9235.5242.9242.5

263.5276.7276.7279.1277.3271.3

Energy

223.0

266.9291.0344.9390.7479.4

631.5

419.4427.0433.7436.7455.3467.8

478.1492.9518.3529.5538.0556.1

576.3591.5594.7607.4616.1622.8

631.6646.1655.8667.7678.6689.1

Other

198.3

165.0195.2197.0212.0253.6

270.2

234.6245.5260.2260.9257.3264.0

256.6252.3249.2250.6254.9257.3

268.0284.2278.5270.3256.8246.4

256.4265.5272.3276.8282.6284.7

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.



TABLE B-57.—Producer price indexes for major commodity groups, 1940-80

[1967=100]

Year or month

1940 . . .1941 . . .. .19421943. . . . . .194419451946.194719481949

19501951 . .19521953 .1954 . . . .19551956 , . .1957 ..19581959 . .

I960..1961. .1962196319641965 .1966 ....19671968 . ,1969 . ..

19701971 ... ...19721973 . ... .197419751976 . ..1977.. . . .197819791980a

1979:JanFebMar...AprMay"!"" .'... ," * * ."June.... . ....July...AugSeptOctNovDec

1980:a

JanFeb . . .Mar

tz . .June... . .JulyAug... .Sept,.OctNovDec

Farm products and processedfoods and feeds

Total

94.3101.589.6

93 9106,9102 796 095 791290.693.798193.5

93.793 794.793.893.297.1103 5100.01024108.0

1117113.912241591177.4184 2183.1188.82066229 8

244 6

2211227 2229.0231.2230.8229.0232.2227.5231.8230 6232.3234.6

231.9237.0234.9229.3233.8234.3246.6255.1256.3258.8260.1256.5

Farmproducts

41.450.364.875.075.578.590.9109.4117.5101.6

106.7124.2117.2106.2104.798.296.999.5103.997.5

97.296.398.096.094.698.7105.9100.0102.5109.1

1110112.9125.0176.3187.7186.7191.0192.5212.5241.4

249.3

230.42409242.8246.0245.4242.8

246.8238.5241.0239 6240.2242.5

236.4242.3239.3228.9233.5233.4

254.3263.8266.6263.4264.9265.3

Processedfoods andfeeds

...

82.988.780.6

83.492.791.687.488.985.084.987.491.889.4

89.591.091.992.592.395.5101.2100.0102.2107.3

1121114.5120.8148.1170.9182.6178.0186.1202.6222.5

241.0

215.2218 9220.5222.3222.0220.6

223.3220.5225.8224 8227*1229.3

228.5233.1231.6228.6233.1233.9

241.5249.4249.82554256.5250.8

Industrial commodities

Total

44.047 350.751.552.353.058.070.876.975.3

78.086.184.184.885.086.990.893.393.695.3

95.394.894.894.795.296.498.5100.0102.5106.0

110 0114.1117.9125.9153.8171.5182.4195.1209.4236.5

274.5

220.0222 5225.4229.0231.6234.0

237.5240.6244.2249 0250^6253.1

260.6265.9268.6271.3271.9273.5

276.2278.2278.22812282.7286.1

Textileproducts

andapparel

.

103.6108.198.9

102.7114.6103.4100.898.698.798.798.897.098.4

99.597.798.698.599.299.8100.1100.0103.7106.0

1071109.0113.6123.8139.1137.9148.2154.0159.8168.7

183.4

164.1164 2165.2166.4167.2168.4

169.3170.5171.3172 0172i8173.1

175.2176.5179.3181.2182.0183.0

184.7185.6186.2187 8189.3190.2

Hides,skins,leather,and

relatedproducts

45.248.452.852.752.252.961.183.384.279.9

86.399.180.181.377.677.381.982.082.994.2

90.891.792.790.090.394.3103.4100.0103.2108.9

1103114.11313143.1145.1148.5167.8179.3200.0252.4

348.6

223.4232 2253.3258.9269.6268.0

261.9257.9251.1253 9248^9249.2

255.7250.9246.8243.5240.7240.9

245.1251.3247.8(3)

255.5256.6

Fuels andrelated

products,and

powerl

51.454.656.257.859.560.164.476.990.586.2

87.190.390.192.691.391.294.099.195.395.3

96.197.296.796.393.795.597.8100.098.9100.9

1062115.2118 6134.3208.3245.1265.6302.2322.5408.1

573.4

338.1342 5350.9361.5377.6393.7

411.8432.8454.8468 54763487.9

508.0532.7553.5566.6572.1576.5

585.5590.6593.0592 5597.6611.7

Chemicalsand alliedproductsl

52.457.063.364.164.865.270.593.795.987.6

88.9101.796.597.798.998.599.1101.2102.0101.6

101.8100.799.197.998.399 099.4100.099.899,9

102 2104.1104 2110.0146.8181.3187.2192.8198.8222.3

260.2

205.0207 3209.9215.1218.0219.2

225.0228.5230.8234 2236^0238.2

246.0248.7252.8259.8262.5262.8

263.3264.4263.2264 6266!9267.9



TABLE B-57.—Producer price indexes for major commodity groups, 1940*80—Continued

[1967=100]

Year or month

1940194119421943194419451946194719481949

195019511952195319541955 . ..1956195719581959

I960196119621963196419651966196719681969

19701971197219731974197519761977 .. .19781979

19802


JulyAug 'SeptOctNovDec

1980:2

JanFeb ... .MarApr

NfayZ: ;.;:;;;:;;.;:;.;....T:.June

JulvAugSeptOctNovDec

Rubberand

plasticproducts

57.161.571.673672.770 570.870 572.870.5

85.9105 495.589.190.4

102 4103.8103.4103 3102.9

103.199.296 396.895.595.997 8

100.0103 4105.3

108.3109.1109.3112 4136 2150.2159.2167 6174.8194.3

217.3

180 8183.2185.9188.8190 8193.1

195.5198 8200.7203.0204.9205.9

207.8210.7212 7214.1215.0217.3

2188220.52212222 7223 0223.5

Lumberand

woodproducts

27.432.735.637.740.641.247.273.484.077.7

89.397.294.494.392.697198.593.592 498.8

95.391.091693.595.495.9

100 2100.0113.3125.3

113.6127.3144.3177.2183 6176.9205.6236.3276.0300.4

288.8

290 2293.9300.5304.9302 8299.8

300.1304 7309.7308.8298.9290.1

290.0294.7294 9275.6272.1279.8

2892296.12918288 7293 4299.4

Pulp,paper,

andallied

products

72 575.772.4

74.388 085.785.585.587 893.695.496 497.3

98.195.296 395.695.496.298 8

100.01011104.0

108.2110.1113.4122.11517170.4179.4186.4195.6219.0

249.3

207 0208.8212.3215.0216 2216.6

218.3222 2223.0227.5229.5231.7

237.4239.2242 6247.8249.2251.1

251 7252.4252 7254 4255 5257.4

Industrial commodities—Continued

Metalsand

metalproducts

37.838.539.139.039.039.644.354.962.563.0

66.373.873.976.376.982.189.291.090.492.3

92.491.991.291.393.896.498.8

100.0102.6108.5

116.6118.7123.5132.8171.9185.6195.9209.0227.1259.3

286.2

2419247.3251.7256.0256 2258.2

260.82618263.7269.6271.1273.6

284.6288.9286 8284.4281.8281.9

282 5285.1286.2290 4290 7290.7

Machineryand

BQiiiprcicrii

41.442.142.842.442.142.246.453.758.261.0

63.170.570.672.273.475.781.887.689.491.3

92.091.992.092.292.893.996.8

100.0103.2106.5

111.4115.5117.9121.7139.4161.4171.0181.7196.1213.9

239.6

2051206.5207.9209.82114212.4

214.8216.0217.7220.0221.3223.4

227.6230.2232.5236.4237.6239.2

241.5242.6244.3246.4247.7249.5

Furnitureand

householddurables

53.857.261.861.463.163.267.177.081.682.9

84.791.890.191.992.993.395.898.399.199.3

99.098.497.797.097.496.998.0

100.0102.8104.9

107.5110.0111.4115.2127.9139.7145.6151.5160.4171.3

187.3

166 6167.9168.3168.7169.6170.2

170.7171.5172.7175.1176.4177.9

183.4185.6185.7184.4185.4186.5

188.0188.9187.8189.1190.4192.3

Non-metallicmineral

products

49.150.252.352.453.555.759.366.371.673.5

75.480.180.183.385.187.591.394.895.897.0

97.297.697.697.197.397.598.4

100.0103.7107.7

112.9122.4126.1130.2153.2174.0186.3200.5222.8248.6

282.8

238.3240.5240.8243.4245.6246.9

249.5249.9254.6256.2257.4259.6

268.4274.0276.5283.7284.0283.4

284.8286.0286.0287.8288.4290.7

Transpor-tationequip-ment:Motor

vehiclesand

equip-ment4

40.443.247.247.247.548.356.064.170.875.7

75.379 484.083.683.886.391.295.1981

100.3

98.898.698.697.898.398.598.6

100.0102.8104.8

108.7114.9118.0119.2129.2144.6153.8163.7176.0190.5

208.7

185 0185.9186.1189.4189.8190.1

190.8187.8188.6197.1197.4198.2

200.7200.1200.7205.4204.5205.2

208.6211.7205.3217.8218.0225.9

Miscella-neous

products

73 576.578.0

79.283 983.485.686.486 587.690 292 092.2

93.093.393 794.595.295.997 7

100.0102 2105.2

109.9112.9114.6119.71331147.7153.7164.3184.3208.7

258.7

197 7199.8200.6201.4203.3205.2

207.0208.9213.1218.9221.4227.4

242.9262.92561252.8251.7258.0

2617260.1264.4265 0263 8265.4

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.3 Not available4 Index for total transportation equipment is not shown but is available beginning December 1968.



TABLE B-58.—Changes in producer price indexes for finished goods, 1948-80

[Percent change]

Year or month

19481949

19501951195219531954

19551956195719581959

I9601961196219631964

196519661967.1968 .. .1969

19701971.1972 ...19731974

1975 .1976. ..197719781979

1980a


JulyAugSeptOc!Nov....Dec

1980:2

JanFebMar

May"I ' '.JuneJulyAugSeptOctNovDec

Totalfinishedgoods

Dec.to

Dec.1

3.0- 4 . 6

10.42.9

- 2 . 25

- . 1

1.24.23.2

.5- . 4

1.8- . 5

-'.25

3.32.2163.14.8

2.23.23.8

11.818.3

6.63.36.69.2

12.6

11.7

Yearto

year

8.0- 2 . 9

1.89.5

- . 6- 1 . 0

2^3.62.3

.80

-.;3

1.73.21.22.83.7

3.53.13.19.1

15.3

10.84.26.07.8

11.0

13.2

Finishedconsumer

foods

Dec.to

Dec.1

-2 .4-7 .413.35.3

-5 .9-2 .2-1 .9

-2 .93.65.3

- 3 7

5.2-1 .8

- U

9.11.4

- . 44.88.2

-2 .55.98.0

22.513.0

5.5-2 .5

6.611.97.6

6.5

Yearto

year

9.2- 8 . 1

1.912.4- . 9

- 5 . 2- . 8

- 2 5-23.55.8

-4 .7

2.2- 4

.9- 1 . 2

.5

3.86.5

- 1 . 63.66.23.21.65.6

20.314.0

8.4

l ;o9.29.5

5.2

Finished goods excluding consumer foods

Total

Dec.to

Dec.*

..........

2.43.4

4.32.12.16.6

21.2

7.25.56.68.3

14.413.3

Yearto

year

2.627

3.5372.04.1

16.0

12,16.06.57.2

11.6

15.9

Consumergoods

Dec.to

Dec >

4.0- 4 . 5

8.2.9

- 1 . 11.6.3

1.72.517

.8

.4- . 3

~ ; i,1

.9172.12.02.93.92.02.07.4

20.5

674.96.18.4

18.0

14.3

Yearto

year

6.3- 2 . 1

1.67.2

- 1 . 3.9.3

.82.42.5

,11.3

.4- . 1- . 20

- . 1

71.61.92.12.4

3.03.41.94.5

16.9

10.5576.46.7

13.3

19.4

Capitalequipment

Dec.to

Dec.1

10.4- . 6

10.33.4

.82.31.1

5.68.34.31.31,0

.1

;3

;9

1,53.93.13,04.6

4.92.42.05.3

22.6

8.26.47.28.08.8

11.5

Yearto

year

9.05.0

2.49717171.2

3.07.46.22.61.9

.2

to1.22.53.33.53.3

4.84.12.53.3

14.2

15.26.66.57.98.8

10.5

Finishedenergygoods

Dec.to

Dec. *

:...*.;.

16.45.49.18.0

627

27.2

Yearto

year

; ..."

17.38.8

11.14.3

377

52.2

Finished goodsexcluding food

and energy

Dec.to

Dec. >

.*;..;*

6.15.46.38.29.3

11.0

Yearto

year

11.45.56.07.58.8

11.2

Percent change from preceding month

Unad-justed

1.41.17

1.1.6.5

1.2

1.61.6.9.8

1.91.41.2.8

'.6

1.7.8

- . 11.3.4.6

Sea-son-

17justed

1.21.11.0.8.5.6

1.21.11.51.11.2.8

1.61.41.4.6.3

1.71.4

~;8.6.6

Unad-justed

2.02.2

7

- ~ U.6.6

2.1- . 61.7.7

- . 3.1.6

-1 .8.5.4

3.82.2

;o.4.1

Sea-son-a

justed

1.51.41.3

- . 4- 1 . 0- 1 . 0

.71.51.4

- . 11.9

- . 9- . 41.0

- 2 . 8.0

3.94.3

";§

~;4

Unad-justed

1.277

1.21.01.11.4.9

1.42.4

.7

.8

2.61.81.41.6

;61.1

-117.4

Sea-son-

Sjusted

1.11.0.9

1.21.01.1

1.31.01.51.51.01.1

2.42.01.51.6.47

1.1

-1.9

;9

Unad-justed

1.3.8.9

1.31.41.51.81.61.92.4

.81.0

3.12.61.71.6.6.8

1.0.4

- . 21.1

7

Sea-son-

17justed

1.11.01.11.21.41.4171.71.91.81.11.2

2.92.81.81.5

;6

.8

.4- . 2

.6

;g

Unad-justed

1.17.4

1.1

;3.6

- . 3.6

2.3.5.6

1.8

717.2

1.2

-.22.9

'.8

Sea-son-

$justed

1.0.9.6

1.1

7.8

- . 17.9

;9

1.6

;91.8

71.4.7

T4.6

1.0

Unad-justed

1.41.63.14.35.55.9

7.26.36.54.11.92.0

3.96.97.03.81.4

.5

-.3- . 8

.41.4

Sea-son-

3justed

2.01.83.54.34.95.2

6.06.26.54.52.72.3

4.57.17.53.8

.8- . 6

- . 7.1

- . 3- . 41.3

. 1.6

Unad-justed

1.27.5.9

;5.6.2.7

2.1.47

2.41.0.4

1.2

7

1.1.5

- . 22.2.4.6

Sea-son-

17justed

1.0.9.6.8.6.6

.8

.3

.81.1.7.9

2.01.2L2.3.9

1.3.6

- . 11.1.6.8

1 Changes from December to December are based on unadjusted indexes.2 Dataliave been revised through August 1980 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.


MONEY STOCK, CREDIT, AND FINANCETABLE B-59.—Money stock measures and liquid assets, 1959-80

[Averages of daily figures; billions of dollars, seasonally adjusted]

Period

Ml-A

Currencyplus demand

deposits'

Ml-B

Ml-A plusother

checkabledeposits atbanks and

thriftinstitutions

M2

Ml-B plusovernightRPs and

Eurodollars,MMMF

shares, andsavings andsmalltimedeposits atcommercialbanks and

thriftinstitutions2

M3

M2 pluslarge time

deposits andterm RPs atcommercialbanks and

thriftinstitutions

M3 plusother liquid

assets

December:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980 *.

1979:Jan. .Feb ....Mar

t!June. .July ...AugSept..OctNov...Dec.

1980Jan...FebMar. ..

June..

July..Aug. .Sept..Oct.. ..Nov.Dec. P.

140.7

141.6146.1148.8154.2161.2

168.7172.8184.2198.4204.6

215.3229.2250.5264.1275.3

287.9305.0328.4351.6369.7

385.4

350.1350.0351.9356.1355.5359.4

362.0364.0365.9366.6368.0369.7

370.8373.7373.1367.6367.8371.3

373.7379.7383.7386.7388.9385.4

140.7

t41.6146.1148.8154.2161.3

168.8172.9184.2198.5204.7

215.4229.4250.6264.4275.7

289.0307.7332.5359.9386.4

411.0

360.0360.7363.9369.6369.2373.9

377.4379.9382.2382.9384.2386.4

388.1391.3391.2386.6386.2390.9

394.5401.6406.9410.8414.0411.0

296.7

311.2333.9361.1391.4422.8

457.2478.5523.6566.2587.6

625.2709.6801.6858.1906.2

1,022.41,166.71,294.11,401.51,525.5

1,669.7

1,407.51,413.81,426.61,441.21,449.51,465.9

1,478.31,491.81,502.91,510.11,516.41,525.5

1,534.51,546.71,553.11,549.91,562.11,585.7

1,609.71,629.21,640.91,652.91,667.21,669.7

297.9

313.3337.9368.2402.3438.0

478.5502.2555.7605.3610.4

671.7769.7877.8976.1

1,058.6

1,161.01,299.71,460.31,623.61,775.5

1,954.0

1,631.91,642.31,654.81,669.11,679.21,695.2

1,709.21,725.81,745.51,757.81,765.41,775.5

1,786.91,804.51,811.11,811.11,824.21,844.5

1,865.21,886.31,900.71,917.11,940.81,954.0

387.5

402.5429.1464.5501.8538.3

582.3613.9667.2730.9761.2

812.5898.7

1,017.71,137.21,242.8

1,369.61,523.51,715.51,927.72,141.1

1,939.41,954.81,978.32,000.72,021.12,048.7

2,063.82,081.32,110.02,120.42,126.42,141.1

2,155.22,175.92,190.12,200.72,216.62,229.1

2,243.42,268.22,295.12,310.1

1 Demand deposits at all commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.

2 Total M2 excludes demand deposits held by thrift institutions at commercial banks, not shown separately in components.Note.—See Table B-60 for components.Source: Board of Governors of the Federal Reserve System.

3013 3 3 - 5 4 0 0 - 8 1 - 2 0 : QL 3


TABLE B-60.—Components of money stock measures and liquid assets, 1959-80

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Period

December:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980".....



1980:JanFeb ^MarAprMayJune

JulyAugSeptOctNovDec"

Cur-rency

28.9

29.029.630.632,534.2

36.338.340.443.546.1

49.152.656.961.667.8

73.880.788.797.6

106.3

116.5

98.298.999.6

100.2100.9101.8

102.6103.7104.7105.5105.9106.3

107.3108.1108.9109.0110.1111.0

112.0113.4113.9115.115.9

116.5

De-manddepos-

its '

111.8

112.7116.6118.2121.7127.0

132.4134.5143.7154.9158.6

166.2176.7193.6202.5207.4

214.1224.4239.7253.9263.4

268.9

251.9251.1252.3255.9254.7257.6

259.4260.3261.2261.1262.1263.4

263.5265.6264.2258.6257.7260.3

261.6266.3269.8271.6273.1268.9

Othercheck-ablede-

posits

NSA

0.0

.0

.0

.0

.0

.1

.1

'.1.1

.1

.1

.1

.3

.4

1.12.74.18.3

16.7

25.6

9.910.812.013.613.614.6

15.415.916.316.316.216.7

17.317.618.019.018.419.6

20.821.923.224.125.125.6

Over-nightrepur-chaseagree-ments(RPs)} notl(net)NSA

0.0

.0

.0

.0

.0

.0

.0

.51.11.62.5

1.42.53.16.87.2

7.513.617.621.921.7

25.5

21.221.923.123.925.926.3

25.525.326.225.322.521.7

22.623.021.017.618.519.6

23.025.226.425.525.625.5

Over-nightEuro-

dollars

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.01.02.03.6

4.6

2.32.62.82.82.82.9

3.03.33.63.53.23.6

4.14.13.62.72.82.9

3.63.73.74.44.74.6

Moneymarketmutualfund

(MMMF)shares

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.12.3

3.63.43.8

10.343.6

75.8

12.114,516.819.221.824.6

28.031.233.736.940.443.6

49.156.760.960.466.874,2

80.680.778.277.477.075.8

Sav-ingsde-

posits

145.2

157.8173.9193.1212.6233.3

255.0251.1261.4266.3261.0

256.7287.5317.0322.2333.9

383.9447.7486.5476.1416.7

395.5

468.1460.7457.0452.3448.6449.8

450.9450.4445.4436.0421.3416.7

411.8403.1391.9377.3372.7381.4

393.8403.9407.9410.1405.2395.5

Smalldenomina-tion timedeposits2

11.5

12.614.820.225.729.3

34,555.178.1

101.1120.7

153.0191.8232.6266.4288.9

340.4396.6454.9533.8656.5

760.5

546.3555.9565.6576.1583.9591.0

596.2604.4614.6628.4647.8656.5

661.8671.4687.6708.3718.0719,6

717.2717.1720.9727.9743.9760.5

Largedenomina-tion timedeposits2

1.2

2.04.07.1

10.915.3

21.323.231.137.620.4

45.157.673.0

110.9144.0

129.6118.0145.2194.7219.4

250.6

197.4200.9200.0198.6198.2196.8

198.9201.8208.9214.8218.5219.4

222.5228.6230.7234.2235.0230.7

226.2225.3229.0231.8240.9250.6

Termrepur-chaseagree-ments{RPs)

NSA

0.0

.0

.0

.0

.0

.0

.0

.51.01.52.4

1.42.53.37.18.4

9.015.021.027.330.5

33.7

27.127.528.429.331.532.4

32.032.233.733.030.530.5

29.929.227.227.127.128.1

29.331.730.932.332.633.7

TermEuro-

dollars(net)

NSA

0.7

,81.41.61.92.4

1.72.12.12.92.3

1.82.32.84.46.7

7.910.313.722.831.9

24.527,128.429.129.629.9

31.433.933.433.234.031.9

34.137.537.437.937.836.0

35.436.034.133.0

Sav-ings

bonds

46.1

45.746.546.948.149.0

49.750.251.251.851.7

52.054.357.560.463.2

67.371.876.680.780.0

80.680.680.580.680.680.4

80.080.080.682.280.380.0

79.278.176.875.274.073.3

72.872.673.274.6

Short-term

Treas-ury

secu-rities

38.7

36.837.139.940.738.5

40.743.238.746.159.5

49.236.240.949.853.4

76.880.789.598.7

127.5

98.8100.4108.2114.2122.5131.4

128.8123.0128.1123.7122.1127.5

127.6128.8136.3146.3151.8148.6

144.2147.2157.3155.0

Bankers'accep-tances

0.5

.81.01.01.11.2

1.51.61.72.23.2

3.33.53.34.7

10.7

8.59.0

12.322.628.9

22.421.421.321.121.021.5

22.625.026.627.128.628.9

28.427.628.829.529.430.2

30.129.631.332.2

Com-mercialpaper

3.6

5.15.26.87.79.1

10.214.417.822.534.0

34.532.735.241.950.1

48.151.863.179.497.3

81.283.185.086.688.290.4

91.893.695.796.496.097.3

99.099.399.8

100.699.596.5

95.896.698.598.3

'Demand deposits at ail commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.

"Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.

Note.—NSA indicates data are not seasonally adjusted.

See also Table B-59.



TABLE B-61.—Commercial bank loans and investments, 1939-80


Year and month

End of month *1939- Dec

1940- Dec ....1941- Dec1942- Dec ..1943: Dec1944- Dec1945- Dec1946- Dec1947- Dec1948- Dec

1948- Dec1949: Dec

1950- Dec1951- Dec1952- Dec1953- Dec1954* Dec1955- Dec1956- Dec1957- Dec1958- Dec1959: Dec

I960: Dec1961- Dec1962- Dec1963- Dec1964- Dec1965- Dec1966: Dec1967- Dec1968- Dec1969- Dec

1970- Dec1971: Dec1972- Dec

Average for month2

1972- Dec1973- Dec1974- Dec1975- Dec1976- Dec1977- Dec1978: Dec1979- Dec

1980:JanFebMaiADr

Way';:.:;..;:v": :.;;:..::. :::::..June

JulvAug •..:....:...."""".:.:.".: : ; : ; : ; . : zSeptOctN o v

Total loansand

investments

40 7

43 950 767.485.1

105.5124 0114 0116.3114.2

Loans

Total

17.2

18.821.719.219.121.626131.138.142.4

Commer-cial andindus-trial

Investments

US.Treasurysecurities

16.3

17.821841.459.877.690 674.869.262.6

Othersecurities

7.1

7.4726.r6.16.3738.19.09.2

Seasonally adjusted

113 0118.7

124.7130 2139.114311531157.61616166.41812188.7

197.4212 8231.2250 2272.33001316.1352.0390.2401.7

435 5485.7558.0

5661647.8713.6744 6804 38911

1,014.31,132.5

1,144.81,162 71165 2116101,154.91,152.0

1160 01,177.21,191.01,204 51,221.2

* 41,542.0

51.156 562.866.269180.688.191.595.6

110.5

116.7123.6137.3153 7172.9198.2213.9231.3258.2279.4

292 0320.9378.9

386 2460.3519.9516.9554 86321747.8847.2

858.5872 7874 78716860.6853.5

855 0865.8876.4886 2899.4

39.4

42.143 947.652158.469.578.686.295.9

105.7

110 0116.2130.4

136 3165.6197.3189.819122112246.5290.5

295.6301.1302 83012297.7295.4

296 2301.4306.0312 0318.4

62 366.4

61.160 462.262 267 660.357 256.965157.7

59.965 364.761560.757.153.559.460.751.2

57 860.662.6

64158.753.782.1

100 699 593.493.8

93.294 894 593 294.697.0

100 9104.4106.6107 9109.3

9210.3

12.413 414.214.716 416.816.317.920.520.5

20.823.929.235.038.744.848.761.371.371.1

85.7104.2116.5

115 8128.8140.0145.7149.0159 6173.1191.5

193.1195.2196.0196.2199.7201.5

204.2207.0208.0210.3212.5

Loans plusloans soldto bankaffiliates

110.5

116.71236137.3153.7172.9198.2213.9231.3258.2283.3

294 7323.7381.5

388 8464.6524.7521.3558.5636.9751.6850.0

861.1875.3877.3874.2863.2856.3

857 8868.7879.3889.0902.1

1 Data are for December 31 call dates.8 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-end

data for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.Source: Board of Governors of the Federal Reserve System.


TABLE B-62.— Total funds raised in credit markets by nonftnancial sectors, 1972-80

[Billions of dollars] *

Item 1972 1973 1974 1975 1976 1977 1978 1979

Total funds raised by nonfinancial sectors....

U.S. Government

Foreign

Private domestic nonfinancial sectors...

Corporate equities...Debt instruments....

Debt capital instruments....

State and local government obligationsCorporate bondsMortgages

Home.Multi-family residentialCommercialFarm

Other debt instruments..

Consumer creditBank loans n.e.c...Open-market paper.

By borrowing sector: Total

State and local governments.HouseholdsNonfinancial business

FarmNonfarm noncorporate.Corporate

Debt instruments.Equities

Total funds supplied to nonfinancial sectors ,

Financed directly or indirectly by:

Private domestic nonfinancial sectors..,

Deposits

Demand deposits and currencyTime and savings depositsMoney market funds and repurchase agree-

ments

Credit market instruments...

Corporate equities

Foreign funds

At banksCredit and equity instruments..

U.S. Government-related loans, netU.S. Government cash balancesPrivate insurance and pension reserves..Other sources .

176.8

15.1

4.0

157.7

10.9146.8

102.1

14.712.275.2

42.512.716.43.6

44.7

19.817.1

.86.9

157.7

14.565.178.1

5.814.158.2

47.210.9

176.8

122.7

106.7

21.583.6

1.6

21.6

- 5 . 6

14.6

3.810.8

2.6— 426.311.0

203.1

8.3

6.1

7.9180.9

105.1

14.79.2

81.2

46.410.418.95.5

75.8

26.037.1

2.510.3

13.280.195.5

9.612.973.0

65.27.9

203.1

140.3

101.2

14.575.7

11.0

45.7

-6 .7

6.4

3.03.4

11.2- 1 . 530.716.1

191.6

11.8

15.4

164.4

4.1160.3

98.0

16.519.761.9

34.86.9

15.15.0

62.3

9.932.0

6.613.7

164.4

15.551.397.6

8.07.4

82.1

78.04.1

191.6

118.9

73.8

8.2

65.4

.2

47.3

- 2 . 2

22.110.311.7

19.5- 4 . 633.4

2.4

210.8

85.4

13.3

112.1

9.9102.1

98.4

16.127.255.0

39.5= .011.04.6

3.8

9.7-12 .3- 2 . 6

9.0

112.1

13.749.748.6

8.82.0

37.9

28.09.9

210.8

140.4

98.1

12.684.0

1.6

45.8

- 3 . 5

2.1

-8 .710.8

24.92.8

39.7.9

271.9

69.0

20.8

182.0

10,5171.5

123.5

15.722.885.0

63.71.8

13.46.1

48.0

25.64.04.0

14.4

182.0

15.290.576.3

10.94.7

60.7

50.210.5

271.9

168.5

131.9

16.1113.5

2.3

39.8

- 3 . 2

13.4

- 4 . 617.9

20.53.0

47.918.6

338.5

56.8

13.9

267.9

2.7265.1

175.6

23.721.0

131.0

96.47.4

18.48.8

89.5

40.627.02.9

19.0

267.9

20.4139.9'.07.6

14.712.979.9

77.22.7

338.5

189.7

149.5

26.1121.0

2.4

46.4

=6.1

43.2

1.242.0

19.5.9

58.726,5

400.3

53.7

32.3

314.4

2.6311.8

196.6

28.320.1

148.2

104.510.223.310.2

115.2

50.637.35.2

22.2

314.4

23.6162.6128.2

18.115.494.7

92.22.6

400.3

394.9

37.4

21.2

336.4

3.5333.0

199.9

18.921.2

159.9

109.18.9

25.716.2

133.0

44.250.610.927.3

336.4

15.5165.0155.9

25.815.8

114.3

110.83.5

394.9

217.0

151.8

22.2

115.2

14.4

71.4

- 6 . 2

46.56.3

40.1

30.53.7

70.632.0

238.2

144.7

18.984.7

41.0

105.4

-11 .9

20.3

26.3- 6 . 1

35.4

66434.3



TABLE B-62.—Total funds raised in credit markets by nonfinancial sectors, 1972-80—Continued


Item

Total funds raised by nonfinancial sectors

U S Government

Foreign

Private domestic nonfinancial sectors

Corporate equitiesDebt instruments

Debt capital instruments

State and local government obligations .Corporate bondsMortgages

Home mortgagesMulti-family residentialC o m m e r c i a l ... . . . . . . .Farm

Other debt instruments

Consumer creditBank loans n.e.c... .Open-market paperOther

By borrowing sector: Total

State and local governments. . . . .Households.Nonfinancial business

FarmNonfarm noncorporateCorporate . . . . . ...

Debt instruments.. .. . .Equities

Total funds supplied to nonfinancial sectors

Financed directly or indirectly by:

Private domestic nonfinancial sectors

Deposits

Demand deposits and currencyTime and savings deposits.....Money market funds and repurchase agreements

Credit market instruments

Corporate equities

Foreign funds

At banksCredit and equity instruments

U S Government-related loans netU S Government cash balancesPrivate insurance and pension reservesOther sources ....

1980 unadjusted quarterlyflows

1

816

191

42

58.4

2.056.4

38.5

1.65.0

319

19.72.15.44.7

17 9

- 3 . 56.88.46.3

58.4

1.423.133.9

5.42.2

26.3

24.320

816

44 0

19.3

- 2 3 . 726.916.0

27 6

- 2 . 9

73

7.2.0

6.2- 8 . 0

18.813.4

II

62 5

54

77

49 4

1.248.2

41.9

6.611.4239

14.41.63.64.4

63

- 8 . 12.26.06.2

49.4

5.813.3303

7.9.8

21.6

20.412

62 5

29 4

40.1

5.916.617.6

114

.8

- 1 1 7

- 1 6 . 24.5

15.55.7

20.03.4

III

102 4

271

83

67 0

1.265.3

50.4

8.484

33 6

22.22.6583.0

15 4

3913.0

- 2 . 81.3

67.0

7.827.1321

485.1

22 3

21012

102 4

58 7

43 4

5.734.3

3.5

17 8

- 2 . 5

_ 7

- 6 . 96.3

4.98.5

18.412.6

1980 seasonally adjustedannual rates

1

414 2

614

24 3

328 5

8.0320.5

198.0

20.823 2

154 0

99.88.0

28018.2

122 5

25 937.537.222.0

328.5

20.21421166 2

23 918.4

123 8

115 880

414 2

252 8

151.5

2.784.864.1

118 7

-17 .4

27 8

36.7- 9 . 0

46.3- 6 . 873.02y

ii

236 0

64 2

319

139 8

4.7135.2

138.2

14.843 3801

44.86.5

13.715.1

- 3 1

- 4 4 2- 1 . 822.220.7

139.8

11.740.887 3

23.2- . 1643

59.647

236 0

117 3

165.9

- 2 . 998.470.4

- 5 6 3

7.8

- 2 2 0

-69 .647.6

42.9-12 .1

83.426.5

III

379 4

964

24 9

2581

4.9253.2

177.7

23.433 6

1207

78.010.520 311.8

75 5

6158.7

-10 .220.9

258.1

20.897.8

1394

18 618.8

102 0

97149

379 4

2571

174.6

40.8119.9

14.0

917

- 9 . 2

- 3 3 7

-51 .617.9

7.215.172.661.0



TABLE B-63.—Federal Reserve Bank credit and member bank reserves, 1929-80

[Averages of daily figures; millions of dollars]

Year and month

Reserve Bank credit outstanding

Total

U.S.Governmentand Federal

agencysecurities

Member bankborrowings

Total SeasonalOtherl

Member bank reserves2

Total Required Excess

1929: Dec...1933: Dec...1939: Dec .

1940: Dec.1941: Dec .1942: Dec1943: Dec .1944-. Dec..1945: Dec .1946: Dec .1947: Dec1948: Dec.1949: Dec .

1950: Dec.1951: Dec.1952: Dec.1953: Dec .1954: Dec1955: Dec1956: Dec1957: Dec.1958: Dec.1959: Dec

1960: Dec .1961: Dec.1962: Dec..1963: Dec1964: Dec...1965: Dec...1966: Dec...1967: Dec...1968: Dec...1969: Dec...,

1970: Dec...1971: Dec..,1972: Dec...1973: Dec...,1974: Dec..,1975: Dec....1976: Dec.1977: Dec..,1978: Dec..,1979: Dec...

1980: Dec. r.

1980:JanFebMar

May*.' .,June

JulyAug....SeptOct. ...NovDec."

1,6432,6692,612

2,3052,4046,03511,91419,61224,74424,74622,85823,97819,012

21,60625,44627,29927,10726,31726,85327,15626,18628,41229,435

29,06031,21733,21836,61039,87343,85346,86451,26856,61064,100

66,70874,25576,85185,64293,96799,651107,632116,382129,330139,896

143,250

138,843135,485136,260139,212139,590141,182

141,744139,235139,993141,695142,984143,250

4462,4322,510

2,1882,2195,54911,16618,69323,70823,76721,90523,00218,287

20,34523,40924,40025,63924,91724,60224,76523,98226,31227,036

27,24829,09830,54633,72937,12640,88543,76048,89152,52957,500

61,68869,15871,09479,70186,67992,108100,328107,948117,344126,276

127,895

126,238123,327124,243127,546129,663131,356

130,997128,070128,684130,661129,743127,895

801953

35490265334157224134118

142657

1,593441246839688710557906

87149304327243454557238765

1,086

321107

1,0491,29870312762

558874

1,473

1,617

1,2411,6552,8242,4551,018380

395659

1,3111,3352,1561,617

413213125413482

116

75961501556312

710266799116

39614299

114180482658654702822729842607

1,1191,3801,3061,0271,1541,4121,7031,4941,5431,493

1,7251,9702,3682,5542,5042,5142,5472,1393,3165,514

4,6994,9904,7084,6436,5857,4167,2427,876

11,11212,147

13,738

11,36410,5039,1939,2118,90<9,446

10,35210,5069,9989,699

11,08513,738

2,3952,588

11,473

14,04912,81213,15212,74914,16816,02716,51717,26119,99016,291

17,39120,31021,18019,92019,27919,24019,53519,42018,89918,932

19,28320,11820,04020,74621,60922,71923,83025,26027,22128,031

29,26531,32931,35335,06836,94134,98935,13636,47141,57243,972

* 40,097

45,17043,15643,09744,87743,96843,479

42,85940,37341,16441,815

* 41,6784 40,097

2,347M,822

6,462

7,4039,422

10,77611,70112,88414,53615,61716,27519,19315,488

16,36419,48420,45719,22718,57618,64618,88318,84318,38318,450

18,51419,55019,46820,21021,19822,26723,43824,91526,76627,774

28,99331,16431,13434,80636,60234,72734,96436,29741,44743,578

40,067

44,92842,96642,91144,68343,78543,268

42,57540,07140,90841,49840,72340,067

483 7665,011

6,6463,3902,3761,0481,2841,491900986797803

1,027826723693703594652577516482

769568572536.411452392345455257

272165219262339262172174125394

242190186194183211

284302256317

5 955•30

1 Mainly float.2 Beginning December 1959, part of currency and cash held by member banks allowed as reserves; beginning November 1960 all

such currency and cash allowed.Beginning November 1972, includes reserve deficiencies on which Federal Reserve Banks were allowed to waive penalties for a

transition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. Transition period endedafter second quarter 1974.

Effective November 1975, includes reserve deficiencies on which penalties are waived over a 24-month period when a nonmemberbank merges into an existing member bank, or when a nonmember bank joins the Federal Reserve System.3 Data are for licensed banks only.

* Includes all reserve balances of depository institutions plus vault cash at institutions with required reserve balances plus vault cashequal to required reserves at other institutions.8 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (Thismeasure of excess reserves is comparable to the old excess reserve concept published historically.)



TABLE B-64.—Aggregate reserves and member bank deposits, 1959-80

[Averages of daily figures; billions of dollars, seasonally adjusted]

Year and month

1959: Dec

I960: Dec1961: Dec1962: Dec .1963: Dec.1964: Dec

1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec

1970: Dec1971: Dec1972: Dec1973: Dec1974- Dec

1975: Dec.1976: Dec1977: Dec1978: Dec .1979: Dec

1980: Dec. P

1979:JanFebMarp..-:::June

JulyAueSeptOctNovDec

1980:JanFeb...MarAprMayJune

JutvAugSeptOctNovDec "

Reserves of depositoryinstitutions1

Total2

18.61

18.9119.7619.7220.3921.27

22.3423.3924.9127.1828.07

29.2231.2831.4034.9836.66

34.6734.9036.0041.1643.57

40.13

413640.87407540.7040.6740.53

40:7841.1141.4342.2043.0643.57

43.4443.3543.6744.8544.4543.96

42.7840.7541.5241.7341.2340.13

Non-borrowed

17.67

18.8419.6319.4620.0621.01

21.9022.8624.6926.4326.95

28.8931.1530.3533.6835.94

34.5434.8535.4340.2942.10

38.44

40 3639,9039 7639.7838.9039.11

39.6140.0340.0940.1841.1542.10

42.2041.7040.8542.3943.4343.58

42.3940.0940.2140.4239.1738.44

Re-quired

18.10

18.1719.1819.1419.9020.87

21.9223.0524.5426.7527.78

28.9731.0931.1134.6836.41

34.4034.6335.8140.9343.13

39.58

411540.6640 5940.5240.5340.31

40.5740.8941.2441.9342.8143.13

43.1943.1443.4844.6544.2743.76

42.5040.4541.2641.5240.7339.58

Mone-tary

base3

48.3

48.750.251.253.856.5

59.862.966.572.075.6

79.885.590.298.6

106.8

111.0118.4127.6142.2153.8

159.8

143 2143.4143 9144.6145.1145.9

147.1148.6150.0151.5152.8153.8

154.7155.6156.6157.9158.5158.9

158.8158.2159.5160.9160.6159.8

Member bank deposits subject toreserve requirements

Total

157.8

162.2175.4189.1203.7219.1

238.9246.8276.3300.4288.0

321.7361.1402.8443.4487.2

504.9528.3567.6616.1644.4

701.8

619 0617.5615 4618.7616.0614.7

619.3625.4631.5638.2641.9644.4

643.7647.2649.1655.4656.8658.0

658.5667.8678.2684.7694.5701.8

Timeand

savings

54.4

58.967.880.192.4

104.1

121.1129.0149.3164.9150.7

179.4211.4242.4280.4323.3

337.5353.6385.6428.7451.1

503.9

431.2432.9432.3431.8429.8427.6

430.6436.3441.7446.6450.1451.1

451.9454.4457.9464.2467.7467.9

467.0474.2482.0486.7494.2503.9

Private

98.6

98.8102.7103.3105.9109.1

113.0114.1121.5130.6132.1

136.1143.8154.4158.2160.6

164.6171.7178.5185.1191.5

195.9

185 8182.71812185.0184.2185.0

186.9187.0188.1189.8190.0191.5

189.5190.9189.4188.7187.3188.4

189.1191.5194.5195.6198.2195.9

U.S.Govern-

ment

4.8

4.64.95.75.45.9

4.83.75.44.95.2

6.25.86.14.83.3

2.83.03.52.21.8

1.9

201.9181.91.92.1

1.82.11.71.71.91.8

2.31.91.82.41.81.7

2.52.11.82.42.21.9

Adjusted for changes in reserverequirements4

Total

16.12

16.3516.9117.3617.8518.50

19.3019.4121.2022.5322.43

23.9825.6328.5330.2532.15

32.1732.6734.1036.0337.51

40.11

361935.7135 6035.5735.5935.56

35.8036.0536.2936.8236.9437.51

37.4837.4037.4837.5237.4937.46

37.5738.0538.7338.89

M0.0640.11

institutions

Non-borrowed

15.18

16.2716.7717.1017.5218.24

18.8618.8820.9721.7821.31

23.6525.5027.4828.9531.42

32.0432.6233.5335.1636.03

38.42

351934.7434 6134.6533.8334.14

34.6334.9634.9534.8035.0336.03

36.2335.7534.6535.0636.4737.08

37.1837.3937.4137.58

538.0038.42

sitory

Re-quired

15.61

15.6016.3216.7917.3618.10

18.8819.0720.8222.1022.14

23.7325.4428.2529.943189

31.9032.3933.9135.8037.06

39.56

35 9835.51354435.4035.4535.34

35.5935.8336.1036.5536.6937.06

37.2237.1937.2937.3237.3137.26

37.2937.7538.4738.69

5 39.5639.56

Mone-tarybase

45.8

46.147.348.851.353.8

56.758.962.867.369.9

74,679.987.393.9

1021

107.6115.2124.8136.1146.8

159.7

137 1137.3137 9138.5139.2140.1

141.2142.6144.0145.2145.8146.8

147.8148.7149.5149.7150.7151.5

152.6154.6155.8157.1

5159.1159.7

1 Reserves of depository institutions series reflect actual reserve requirement percentages with no adjustment to eliminate the effectof changes in Regulations D and M. Prior to November 13, 1980, the date of implementation of the Monetary Control Act, only thereserves of commercial banks that were members of the Federal Reserve System were included in the series. Since that date the seriesinclude the reserves of all depository institutions. In conjunction with the implementation of the act, required reserves of memberbanks were reduced about $4.3 billion and required reserves of other depository institutions were increased about $1.4 billion. EffectiveOctober 11, 1979, an 8 percentage point marginal reserve requirement was imposed on "managed liabilities". This action raisedrequired reserves about $320 million. Effective March 12, 1980, the 8 percentage point marginal reserve requirement was raised to 10percentage points. In addition the base upon which the marginal reserve requirement was calculated was reduced. This action increasedrequired reserves about $1.7 billion in the week ending April 2, 1980. Effective May 29, 1980, the marginal reserve requirement wasreduced from 10 to 5 percentage points and the base upon which the marginal reserve requirement was calculated was raised. Thisaction reduced required reserves about $980 million in the week ending June 18, 1980. Effective July 24, 1980, the 5 percent marginalreserve requirement on managed liabilities and the 2 percent supplementary reserve requirement against large time deposits wereremoved. These actions reduced required reserves about $3.2 billion.2 Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve balances plus vault cash equal torequired reserves at other institutions.3 Includes reserve balances at Federal Reserve Banks in the current week plus vault cash held two weeks earlier used to satisfyreserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal Reserve Banks, the vaults ofdepository institutions, and surplus vault cash at depository institutions.4 Reserve aggregates series have been adjusted to remove discontinuities associated with the implementation of the Monetary ControlAct, marginal reserve requirements, the inclusions of Edge Act Corporation reserves, and other changes in Regulations D, K, and M.

5 Reserve measures beginning November reflect increases in required reserves associated with the reduction of weekend avoidanceactivities of a few large banks. The reduction in these activities leads to essentially a one-time increase in the average level of requiredreserves that need to be held for a given level of deposits entering the money supply. In November, this increase in required reserves isestimated at $550 to $600 million.

Source: Board of Governors of the Federal Reserve System.307Digitized for FRASER

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

TABLE B-65.—Bond yields and interest rates, 1929-80

[Percent per annum]

Year or month

1929

1933 .

1939...

1940194119421943 .1944

19451946194719481949

19501951195219531954

195519561957 . ..19581959. . .

1960. . .1961 ...1962. . .19631964 . . . .

19651966196719681969

197019711 9 7 2 . . .19731974

197519761977, . .!19781979

1980

U.I>. Treasury securities

Bills(new

issues)»

3-month

0 515

023

.014

.103326

.373375

.375

.375

.5941.0401.102

1.2181.55217661931.953

1.7532.6583.2671.8393.405

2 9282 3782.7783.1573 549

3 9544.8814.3215 3396 677

6.4584 3484.0717 0417.886

5.8384.9895 2657,221

10.041

11.506

6-month

3.832

3.2472.6052.9083.2533.686

4.0555.0824.6305.4706.853

6.5624.5114.4667.1787.926

6.1225.2665.5107.572

10.017

11.374

Constantmaturities2

3years

2.47"1.63

2.473.193.982.844.46

3.983.543.473.674.03

4.225.235.035.687.02

7.295.655.726.957.82

7.496.776.698.299.71

11.55

10years

* 2 852.40

2.823.183.653.324.33

4.123.883.954.004.19

4.284.925.075.656.67

7.356.166.216.847.56

7.997.617.428.419.44

11.46

Corporatebonds

(Moody's)

Aaa

4 73

4.49

3.01

2.842.772 832.732.72

2.622.532.612.822.66

2.622.862.963.202.90

3.063.363.893.794.38

4.414.354.334.264.40

4.495.135.516.187.03

8.047.397.217,448.57

8.838.438.028.739,63

11.94

Baa

5 90

7.76

4.96

4.754.334 283,913.61

3.293.053.243.473.42

3.243.413.523.743.51

3.533.884.714.735.05

5.195.085.024.864.83

4.875.676.236.947.81

9.118.568.168.249.50

10.619.758.979.49

10.69

13.67

High-grade

palbonds(Stand-ard &

Poor's)

4 27

4.71

2.76

2 502102 362 06186

1671642 012 402.21

1.982.002.192.722 37

2.532.933.603.563.95

3 733.463.183.233.22

3.273.823.984.515.81

6.515.705.275,186.09

6.896.495.565.906.39

8.51

New-home

mortgageyields

(FHLBB)3

5.89"5.82

5.816.256.466.977.80

8.457.747.607.958.92

9.018.999.019.54

10.77

12.65

Prime

mercialpaper,

months

5.85

1.73

.59

.56

.5366

.69

.73

.75

.811.031.441.49

1.452.162.332.521.58

2.183.313.812.463.97

3.852.973.263.553.97

4.385.555.105.907.83

7,725.114.698.159.87

6.335.355.607.99

710.91

12.29

Prime ratecharged by

banks*

5'/fe-6

iy 2 -4

1.50

1.501.501.501.501.50

1.501.50

lVfe-1%l%-2

2.00

2.072.563.003.173.05

3.163.774.203.834.48

4.824.504.504.504.50

4.545.635.616.307.96

7.915.725.258.03

10.81

7.866.846.839.06

12.67

15.27

Discountrate,

FederalReserveBank of

York4

5.16

2.56

1.00

1.001.00

61.0081.00M.0061.00•1.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122.153.36

3.533.003.003.233.55

4.044.504.195.165.87

5.954.884.506.447.83

6.255.505.467.46

10.28

11.77

Federalfundsrate*

1.782.733.111.573.30

3.221.962.683.183.50

4.075.114.225.668.20

7.184.664.438.73

10.50

5.825.055.547.93

11.19

13.35



TABLE B-65.—Bond yields and interest rates, 1929-80—Continued

[Percent per annum]

Year or month

U.S. Treasury securities

(newissues)'

month month

Constantmaturities2

3years

10years

Corporatebonds

(Moody's)

Aaa

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

Primecom-

mercialpaper.

months

Prime ratecharged by

banks*

Discountrate,

FederalReserveBank of

New York4

Federalfundsrate*

1978:Jan..Feb..Mar...

t:June .July...Aug...SeptOct..Nov.Dec .

1979*Jan..Feb.Mar..

t.June..July...Aug..Sept.O c t . .Nov...Dec...

1980:JanFeb..Mar..Apr.May ..June..

JulyAug

SP-: -OciNovDec

6.4486.4576.3196.3066.4306.707

7.0747.0367.8368.1328.7879.122

9.3519.2659.4579.4939.5799.045

9.2629.450

10.18211.47211.86812.071

12.03612.81415.52614.0039.1506.995

8.1269.259

10.32111.58013.88815.661

6.6856.7406.6446.7007.0197.200

7.4717.3637.9488.4939.2049.397

9.5019.3499.4589.4989.5319.062

9.1909.450

10.12511.33911.85611.847

11.85112.72115.10013.6189.1497.218

8.1019.443

10.54611.56613.61214.770

7.617.677.707.858.078.30

8.548.338.418.629.049.33

9.509.299.389.439.428.95

8.949.149.69

10.9511.1810.71

10.8812.8414.0512.029.448.91

9.2710.6311.5712.0113.3113.65

7.968.038.048.158.358.46

8.648.418.428.648.819.01

9.109.109.129.189.258.91

8.959.039.33

10.3010.6510.39

10.8012.4112.7511.4710.189.78

10.2511.1011.5111.7512.6812.84

8.418.478.478.568.698.76

8.698.698.899.039.16

9.259.269.379.389.509.29

9.209.239.44

10.1310.7610.74

11.0912.3812.9612.0410.9910.58

11.0711.6412.0212.3112.9713.21

9.179.209.229.329.499.60

9.609.489.429.599.839.94

10.1310.0810.2610.3310.4710.38

10.2910.3510.5411.4011.9912.06

12.4213.5714.4514.1913.1712.71

12.6513.1513.7014.2314.6415.14

5.605.515.495.715.976.13

6.185.985.935.956.036.33

6.256.196.166.146.105.99

6.056.106.406.987.197.09

7.218.049.098.407.377.60

8.628.959.119.55

10.09

9.159.189.269.309.379.46

9.579.709.739.839.87

10.02

10.1810.2010.3010.3610.4710.66

10.7811.0111.0211.2111.3711.64

11.8711.9312.6213.0313.6812.66

12.4812.2512.3512.6113.0413.27

6.796.806.806.867.117.63

7.917.908.449.03

10.2310.43

10.3210.019.969.879.989.71

9.8210.3911.6013.23

713.2612.80

12.6613.6016.5014.939.298.03

8.299.61

11.0412.3214.7316.49

7% -88 -88 -88 -88 -8*48*4 -9

9 -99 -9%9y4 -9%9%-ioy*

10*4-11*411*4-11%

n%-u%im-n%n%-n%H3/4-ll%11%-11%

11%-llH

11*4-11%

13*4-15155

15%16%16%-19*419*4-19*418*6-1414 -1212 -1111 -11*4U%-13

14*4-17%17%-21*4

6 -6*4SY2 -BV26% -6*46y2 -6*46y2 -77 -7

7 -7y41% -7%7% -88 -8%9 9

9*4 -9*49*4 -9*49*4 -9*49y* -9*49 Ms -9Y2

9*4-1010 -10*410*4-11U -1212 -1212 -12

12 -1212 -1313 -1313 -1313 -1212 -11

11 -1010 -1010 -1111 -1111 -1212 -13

6.706.786.796.897.367.60

7.818.048.458.969.76

10.03

10.0710.0610.0910.0110.2410.29

10.4710.9411.4313.7713.1813.78

13.8214.1317.1917.6110.989.47

9.039.61

10.8712.8115.8518.90

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as weft as contract rate and

assuming on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Average effective rate for the year, except for prime rate for 1929-33 and 1947-48, which are ranges of the rate in effect during

the period; opening and closing rate for the month.5 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at

these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.

6 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.

7 Beginning November 1979, data are for 6-months paper.8 On May I , range of 18*4-19 was in effect.Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),

Moody's Investors Service, and Standard & Poor's Corporation.


TABLE B-66—Consumer credit outstanding and net change, 1950-80

[Millions of dollars]

Year and month

Amount outstanding (end of month)

Total

Installment credit >

Total Auto-mobile

Revolv-ing 2 Mobile

home3 Other

Nonin-stallmentcredit *

Net change from preceding period

Total

Installmentcredit l

Total Auto-mobile

Nonin-stallmentcredit *

1950: Dec.1951: Dec.1952: Dec1953: Dec.1954: Dec1955: Dec.1956: Dec1957: Dec..1958: Dec.1959: Dec .

I960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec.1966: Dec1967: Dec .1968: Dec1969: Dec

1970: Dec1971: Dec1972: Dec .1973: Dec.1974: Dec ,1975: Dec.1976: Dec.1977: Dec...1978: Dec...1979: Dec.

1979:Jan.Feb..Mar...

May.June.July..Aug.Sept.OctNovDec.

1980:JanFebMar...

ftJune.July.Auga..Nov..

25,64127,26832,55136,73638,19245,34849,26852,19152,70260,741

65,10467,63573,91782,80592,591103,207109,749115,430126,949137,742

143,113157,795177,639203,077213,427223,140248,916289,133337,713380,528

337,603338,995342,678346,864352,096356,241

359,020364,224368,545371,644375,268380,528

378,277377,046376,334374,491371,732370,018

371,917374,172375,526376,151

15,50316,22020,47024,25424,89130,26933,17135,44335,33941,123

45,05146,02750,99457,82965,57273,88179,33983,14891,681101,161

105,528118,255133,173155,108164,594171,996193,525230,564273,645312,024

273,863274,770277,321281,191285,717289,928

293,151298,006301,978304,370307,336312,024

311,012310,149309,127307,831305,788304,399

303,853305,763306,926307,222308,051

6,0155,9587,6359,6859,74713,47114,48415,47214,25816,632

18,08317,59919,92422,84225,81729,35530,99231,13134,34836,946

36,32540,51947.86253,77254,26657,24267,70782,911101,647116,362

102,419103,511105,456107,188109,279111,121

112,187113.685115,190115,668116,102116,362

116,719117,202117,642117,502117,058116,456

116,125116,868116,781116,657116,517

2,1053,720

5,1288,5289,70011,70913,68115,01917,18939,27448,30956,937

47,80047,06846,77047,24547,85548,545

48,91850,30451,23051,92853,27056,937

56,25655,26954,26953,69053,22553,042

53,03653,77154,40654,59855,304

2,4617,2269,52613,58014,64214,43414,57314,94515,23516,838

15,40115,60115,85515,92516,10716,236

16,31816,48716,58416,71816,79316,838

16,83216,87516,94416,97416,91216,988

17,00417,06817,11317,27617,293

9,48810,26212,83514,56915,14416,79818,68719,97121,08124,491

26,96828,42831,07034,98739,75544,52648,34752,01755,22860,495

61,61461,98266,08576,04782,00585,30194,05693,434108,454121,887

108,243108,594109,240110,833112,476114,026

115,728117,530118,974120,056121,171121,887

121,205120,803120,272119,665118,593117,913

117,688118,056118,626118,691118,937

10,13811,04812,08112,48213,30115,07916,09716,74817,36319,618

20,05321,60822,92324,97627,01929,32630,41032,28235,26836,581

37,58539,54044,46647,96948,83351,14455,39158,56964,06868,504

63,74064,22165,35765,67366,37966,313

65,86966,21866,56767,27467,93268,504

67,26566,89767,20766,66065,94465,619

68,06468,40968,60068,929

4,7891,6275,2834,1851,4567,1563,9202,923

5118,039

4,3632,5316,2828,8889,786

10,6166,5425,681

11,51910,793

5,37114,68219,84425,43810,3509,713

25,77640,21748,58042,815

3,271717

4,2503,784

6375,3782,9022,272-1045,784

3,928976

4,9676,8357,7438,3095,4583,8098,5339,480

4,36712,72714,91821,935

9,4867,402

21,52937,03943,08138,379

1,6772,050

623,7241,013

988-1,214

2,374

1,451- 4 8 42,3252,9182,9753^381,637

1393,2172,598

- 6 2 14,1947,3435,910

4942,976

10,46515,20418,73614,715

1,518910

1,033401819

1,7781,018

651615

2,255

4351,5551,3152,0532,0432,3071,0841,8722,9861,313

1,0041,9554,9263,503

8642,3114,2473,1785,4994,436

Seasonally adjusted6

5,6025,8975,3835,2883,7482,322

3,1183,5245,2344,7053,4102,608

1,9592,5171,277

-3,827-4,102-1,961

- 5 4 4835

1,009524

4,2144,2203,3503,8093,1662,611

2,8162,7314,0083,0332,6942,033

2,7272,403

654= 1,671= 2,677-2,045

-1,199489

1,055702839

2,0311,6811,5791,3881,140

816871

1,713954794

1,014

1,538982513

-^643-1,041= 1,026

-71735584

201245

1,3881,6772,0331,479

582289

302793

1,2261,672

716575

-=768114623

-2,156-1,425

84

655346

=46= 178

1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments.

2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in ''other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit. Credit secured by real estate is generally excluded.3 Not reported separately prior to July 1970.

4 Because of inconsistencies in the data and infrequent benchmarking, series on noninstallment credit is no longer published by theFederal Reserve Board on a regular basis. Data are shown here as a general indication of trends.

6 For installment credit, computed as the difference between extensions and liquidations (both seasonally adjusted); see also TableB 67, For noninstallment credit, computed as the change from one month to another in the seasonally adjusted amount outstanding.



TABLE B-67—Consumer installment credit extended and liquidated, 1930-80

[Millions of dollars; monthly data seasonally adjusted]

Year or monthTotal

Ex-tended

Liqui-dated

Automobile

Ex-tended

Liqui-dated

Revolving»

Ex-tended

Liqui-

Mobile home2

Ex-tended

Liqui-dated

Other

Ex-tended

Liqui-dated

195019511952195319541955.1956195719581959

1960196119621963 ..19641965196619671968. ..1969

1970 .1971 .19721973197419751976197719781979

1979:JanFeb...Mar ..

June.

July .Aug...Sept...Oct ..

Dec . .

1980:JanFebMar

iday"June. ...JulyAugSeptOct

22,13024,58330,61632,57932,26540,26340,88643,10141,13849,134

50,82750,59857,56264,66072,44579,91883,82189,058101,426109,422

115,132138,046151,749173,035172.765180,083210,740257,600297,668324777

26,58227,22326,17326,93027,59526,231

27,10827r59328,10927,71226,89526,638

27,92327,58125,88123,22022,09322,349

23,99726,17627,06427,36525,991

18,86123,86726,35528,79431,62534,88237,89940,75941,29043,395

47,02249,73552,60157,82264,61671,61678,36585,19492,07599,945

110,352127,789136,787152,817163,276172,675189,179222,138254,589286,396

22,36823,00322,82323,12124,42923,620

24,29224,86224,10124,67924,20124,605

25,19625,17825,22724,89124,77024,394

25,19625,68726,00926,66325,152

8,4458,95111,61012,74011,74116,73215,57216,55414,28718,008

18,11216,47720,16422,61724,79227,91327,84427,62332,22833,686

30,85736,70643,70249,60646,51452,42063,74375,64187,981,93,901

7,9247,90S7,7897,9558,1007,427

7,5867,8028,3807,8147,4707.735

8,4417,9737,3725,9225,5335,550

6,0687,4007,5187,5447,117

6,9069,0089,93210,68911,67913,00814,55915,56715,50115,638

16,66116,96017,84019,69921,81524,38626,20627,48229,01331,090

31,41432,51238,08143,69646,01949,44453,27860,43769,24579,186

5,8936,2246,2106,5676,9606,439

6,7706,9316,6676,8606,6766.721

6,9036,9916,8596,5656,5746,576

6,7857,0457,4347,3436,872

3,4816,182

8,68921,86224,65928,70233,21336,95643,93487,596105,125ll20,174

9,5539,8719,5339,7249,9419,919

9,94910,30310,35610,43910,50010,146

10,50010,75610,63410,34710,30210,341

10,67910,70011,14311,12410,953

2,7264,567

7,27820,81823,48526,69931,24335,61641,76481,34896,090

1111546

8,7168,9898,8778,8919,1649,326

9,4429,4949,6109,5799,7819.745

9,97110,03410,37310,67710,58910,436

10,64110,41910,66510,85110,688

6122,5215,1217,0615,7884,3264,8595,7125,4126,471

613675615496609498

492527507531488453

522452435397299424

377415442513424

4781,7542,9754,1844,7204,5364,7205,3415,1264,868

323399414431424430

430413411405398368

418397380383349366

363382399372400

13,68515,63219,00619,83920,52423,53125,31426,54726,02631,126

32,71534,12137,39842,04347,65352,00555,97761,43565,71769,554

74,98076,95778,26787,66687,25086,38198,20488,65199,150104,231

8,4928,7728,2368,7558,9458,387

9,0818,9618,8668,9288,4378.304

8,4608,4007,4406,5545,9596,034

6,8737,6617,9618,1847,497

11,95514,85916,42318,10519,94621,87423,34025,19225,78927,757

30,36132,77534,76138,12342,80147,23052,15957,71260,38664,288

71,18872,70572,24678,23881,29483,07989,41775,01284,12890,796

7,4367,3917,3227,2327,8817,425

7,6508,0247,4137,8357,3467771

7,9047,7567,6157,2667,2587,016

7,4077,84175118,0977,192

1 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit. Credit secured by real estate is generally excluded.

2 Not reported separately prior to July 1970.Note.—Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,

usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments.

Liquidated credit includes repayments, chargeoffs, and other credit.See also Table B-66.Source: Board of Governors of the Federal Reserve System.


TABLE B-68.—Mortgage debt outstanding by type of property and of financing, 1939-80


End of yearor quarter

1939

19401941194219431944

19451946194719481949

19501951195219531954

1955195619571958.. .1959. .

19601961196219631964

196519661967.. ..1968..1969

19701971..1972..19731974

19751976..1977.. . .1978..1979..

1978:

III™ "' .IV...

1979:

IIIIII...IV

1980:1II....III...

All

proper-ties

35.5

36.537.636.735 334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

474.2526.5603.4682.3742.5

801.5889.2

1,023.51,172.81,333,6

1,051.71,092.21,133.51,172.8

1,206.21,252.41,295.91,333.6

1,363.81,386.31,149.2

proper-ties

6.6

6.56.46.0544.9

4.8495.15.35.6

6.16.77.27.78.2

9.09.8

10.411.1121

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.841.346.3

50.957.065.876.292.4

68.170.973.876.2

80.285.189.292.4

97.0101.4104.3

Nonfarm properties

Total

28.9

30.031.230.829929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.61461160.71787

194.7214.1236.2261.7287.0

312.1333.4356.1383.5412.2

443.8494.3567.7641.1696.2

750.7832.2957.7

1,096.61.241.2

983.71,021.41,059.71,096.6

1,126.01,167.41,206.81,241.2

1,266.81,285.01,314.9

1- to 4-familyhouses

16.3

17.418.418.217 817.9

18.623028.233.337.6

45.251.758.566.175.7

88.299.0

107 6117.71309

141.9154.7169.3186.4203.4

220.5232.9247.3264.8282.8

298.1328.3372.2416.2449.4

490.8556.5656.6761.8872.1

676.4706.3734.8761.8

784.5817.0846.3872.1

891.2904.2926.2

Multi-familyprop-erties

5.6

5.75.95.8585.6

5.7616.67.58.6

10.111.512.312.91.3.5

14.314.915316.818 7

20.323.025.829.033.6

37.240.343.947.352.3

60.170.182.893.1

100.0

100.6104.5111.8122.0130.7

113.7116.4119.4122.0

124.0125.9128.3130.7

132.1133.6136.0

Com-mercialproper-ties'

7.0

6.97.06.76.36.2

6.47.79.1

10.210.8

11.512.513.414.516.3

18.320.723.226.129.2

32.436.441.146.250.0

54.560.164.871.477.1

85.695.9

112.7131.7146.9

159.3171.2189.3212.7238.4

193.6198.7205.6212.7

217.5224.5232.2238.4

243.5247.1252.7

Nonfarm properties by type of mortgage

Government underwritten

Total2

1.8

2.33.03.74.14.2

4.36.39.8

13.617.1

22.126.629.332.136.2

42.947,851655.1593

62.365.669.473.477.2

81.284.188.293.4

100.2

109.2120.7131.1135.0140.2

147.0154.1161.7176.4199.0

165.3167.4174.7176.4

183.0187.1194.3199.0

207.5210.8

1- to 4-family houses

Total

1.8

2.33.03.74.14.2

4.36.19.3

12.515.0

18.922.925.428.132.1

38.943.947 250.1538

56.459.162.265.969.2

73.176.179.984.490.2

97.3105.2113.0116.2121.3

127.7133.5141.6153.4172.9

144.7146.7150.7153.4

158.4162.2168.2172.9

180.8184.1

FKAinsured

1.8

2.33.03.7414.2

4.13.73.85.36.9

8.69.7

10.812.012.8

14.315.516519.723 8

26.729.532.335.038.3

42.044.847.450.654.5

59.965.768.266.265.1

66.166.568.071.481.0

68.669.269.971.4

73.976.479.181.0

86.087.499.4

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.3

24.628.430 730.430 0

29.729.629.930.930.9

31.131.332.533.835.7

37.339.544.750.056.2

61.667.073.682.092.0

76.177.680.882.0

84.585.889.292.0

94.896.7

Conventional3

Total

27.1

27.728.227.125.825.5

26.530.634.137.340.0

44.649.054.961.569.2

78.086.894.6

105.5119.4

132.3148.5166.9188.2209.8

231.0249.3267.9290.1312.0

334.6373.5436.5506.0556.0

603.7678.0795.9920.2

1,042.2

818.4853.9885.1920.2

943.1980.3

1,012.51,042.2

1,059.21,074.1

1-to 4-familyhouses

14.5

15.115.414.513.713.7

14.316.918.920.822.6

26.328.833.138.043.6

49.355.160467.677 0

85.595.6

107,1120.5134.1

147.4156.9167.4180.4192.7

200.8223.1259.2300.0328.1

363.0422.9515.0608.5699.1

531.7559.6584.0608.5

626.2654.7678.1699.1

710.3720.1

1 Includes negligible amount of farm loans held by savings and loan associations.2 Includes FHA insured multifamily properties, not shown separately.3 Derived figures. Total includes multifamily and commercial properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


TABLE B-69-— Mortgage debt outstanding by bolder, 1939-80


End of year or quarter

1939

19401941194219431944

1945194619471948.1949

19501951195219531954

19551956 .... .19571958.1959 .

19601961196219631964

1965 . . .1966196719681969 . .

19701971197219731974

1975197619771978 ..1979

1978.

I!IllIV.

1979:|II . .IllIV

1980-1 . . . .1!Ill

Total

35.5

36.537.636.7353347

35.541.848.956.262.7

72.882 391.4

101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

474.2526.5603.4682.3742.5

801.5889 2

1,023.51,172.81,333.6

1,051.71,092.21,133.51,172.8

1,206.21,252.41,295.91,333.6

1,363.81,386.31,419.2

Total

18.6

19.520.720.720 220.2

21.026.031.837.842.9

51.759 566.975.185.7

99.3111.2119.7131.5145.5

157.6172.6192.5217.1241.0

264.6280.8298.8319.9339.1

355.9394.2450.0505.4542.6

581.2647 5745.0848.1939.5

764.6793.8822.0848.1

866.0894.4920.2939.5

951.9958.9977.5

Major

Savingsandloan

associa-tions

3.8

4.14.64.6464.8

5.47.18.9

10.311.6

13.715618.422.026.1

31.435.740.045.653.1

60.168.878.890.9

101.3

110.3114.4121.8130.8140.2

150.3174.3206.2231.7249.3

278.6323 0381.2432.8475.8

392.4407.9420.9432.8

441.4456.5468.3475.8

479.1481.2492.1

financial institutions

Mutualsavingsbanks

4.8

4.94.84.64.44.3

4.24.44.95.86.7

8.39.9

11.412.915.0

17.519.721.223.325.0

26.929.132.336.240.6

44.647.350.553.556.1

57.962.067.673.274.9

77.281688195.298.9

89.891.593.495.2

96.197.297.998.9

99.299.299.3

Commer-cial

banks1

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714 715.916.918.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.7

73.382.599.3

119.1132.1

136.21513179.0214.0246.0

184.4194.5205.4214.0

220.1229.6239.6246.0

251.2253.1258.0

Lifeinsur-ancecom-

panies

5.7

6.06.46.7676.7

6.67.287

10.812.9

16.119.321.323.326.0

29.433.035.237.139.2

41.844.246.950.555.2

60.064.667.570.072.0

74.475.576.981.486.2

89.291696.8

106.2118.8

97.999.9

102.2106.2

108.4111.1114.4118.8

122.5125.5128.1

Other holders

Federaland

relatedagen-cies2

5.0

4.94.74.33.63.0

2.42.01.81.82.3

2.83.54.14.64.8

5.36.2778.0

10.2

11.512.212.611.812.2

13.517.520.925.131.1

38.346.454.664.882.1

101.0116 6140.3170.5216.6

146.0152.6161.4170.5

181.2192.4203.8216.6

228.8238.4246.1

Individ-ualsand

others

11.9

12.012.211711511.5

12.113.815.316.617.5

18.419 320.421723.2

25.327.129.132.335.1

38.443.146.349.5527

55.258.261.465.971.2

79.985.998.9

112.2117.8

119.31251138.2154.2177.5

141.2145.8150.2154.2

159.01657171.9177.5

183.2189.11957

1 Includes loans held by nondeposit trust companies, but not by bank trust departments."Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as wellF d l H i A d m i i t t i V t a A d i i t a t i Pb l i H i A d m i i t t i o F H A d m i i t t i o n d i lias

yea

Includes former Federal National M o g a g e Assciation ( N M A ) and new Govement National Mortgage Associaton (GNMA), as wellFederal Housing Administration, Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlier

y r s Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


GOVERNMENT FINANCE

TABLE B-70.—Federal budget receipts, outlays, and debt, fiscal years 1971-82

[Millions of dollars; fiscal years]

Description

Actual

1971 1972 1973 1974 1975 1976Transi-

tionquarter

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust funds

Interfund transactions...

Total outlays

Federal fundsTrust fundsInterfund transactions...Total surplus or deficit ( - )

Federal fundsTrust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agenciesHeld by the public

Federal Reserve SystemOther

BUDGET RECEIPTS

Individual income taxes,Corporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms duties..Miscellaneous receipts:

Deposits of earnings by Federal ReserveSystem ....

Allother

BUDGET OUTLAYS

188,392

133,78566,193

-11,586

211,425

163,65159,360

-11,586

-23,033

-29,8666,833

409,467

105,140304,328

65,518238,810

208,649

. 148,84672,959

-13,156

232,021

178,11067,067

-13,156

-23,373

-29,2645,892

437,329

113,559323,770

71,426252,344

232,225

161,35792,193

-21,325

247,074

186,95181,448

-21,325

-14,849

-25,59410,745

468,426

125,381343,045

75,181267,863

264,932

181,219104,846-21,133

269,620

199,91890,835

-21,133

-4,688

-18,69914,011

486,247

140,194346,053

80,648265,405

280,997

187,505118,590-25,098

326,151

240,081111,168-25,098

-45,154

-52,5767^22

544,131

147,225396,906

84,993311,913

300,005

201,099133,695-34,789

366,418

269,921131,286

-34,789

-66,413

-68,8222,409

631,866

151,566480,300

94,714385,586

81,773

54,08532,071

=4,383

94,728

65,08834,023

-4,383

»12,956

-11,004= 1,952

646,379

148,052498,327

96,702401,625

National defenseInternational affairsGeneral science, space, and technologyEnergy..Natural resources and environment.AgricultureCommerce and housing credit...TransportationCommunity and regional development.Education, training, employment, and social serv-

icesHealthIncome securityVeterans benefits and servicesAdministration of justice. . .General government. ...General purpose fiscal assistance.InterestAllowancesUndistributed offsetting receipts

Composition of undistributed offsetting receipts:Employer share, employee retirement,Interest received by trust funds. ...Rents and royalties on the Outer Continen-

tal Shelf

188,392

86,23026,78548,57816,6143,7352,591

3,533325

211,425

75,8084,0974,1801,0313,9094,2882,3588,0502,916

9,83914,71655,4269,7761,2992,020

53519,602

208,649

94,73732,16653,91415,4775,4363,287

3,252381

232,021

76,5504,6934,1731,2704,2355,2802,2168,3883,422

12,51917,46763,91310,730

1,6502,415

67320,563

232,225

103,24636,15364,54216,2604,9173,188

3,495426

247,074

74,5414,0664,0301,1794,7634,852

9249,0654,595

12,73518,83272,96512,0132,1312,5687,351

22,782

264,932

118,95238,62076,78016,8445,0353,334

4,845524

269,620

77,7815,6813,977837

5,6702,2273,9259,1724,134

12,34422,07384,43713,3862 4623,2436,890

28,032

280,997

122,38640,62186,44116,5514,6113,676

5,777934

326,151

85,5526,9223,9892,1697,3361,6595,60710,3883,738

15,87027,648108,57616,5972,9423,1337,187

30,911

300,005

131,60341,40992,71416,9635,2164,074

5,4512,575

366,418

89,4305,5524,3703,1278,1242,5043,79213,4354,767

18,73733,448127,39018,4323,3202,9487,235

34,511

-8,427

-2,611- 4,765

1,051

-8,137

-2,768-5,089

-279

-12,318

-2,927-5,436

-3,956

-16,651

-3,319-6,583

-6,748

-14,075

-3,980-7,667

-2,428

-14,704

-4,242-7,800

-2,662

81,773

38,8018,460

25,7604,4731,4551,212

1,500112

94,728

22,3072,1931,161794

2,532581

1,3923,3041,340

5,1628,721

32,7973,962859883

2,0927,216

-2,567

-985-270

-1,311



TABLE B-70.—Federal budget receipts, outlays, and debt, fiscal years 1971-82—Continued

[Millions of dollars; fiscal years]

DescriptionActual

1977 1978 1979 1980

Estimate

1981 1982

BUDGET RECEIPTS AND OUTLAYS;

Total receipts

Federal fundsTrust fundsInterfund transactions.

Total outlays..

Federal fundsTrust fundsInterfund transactions

Total surplus or deficit ( - ) . .

Federal funds...Trust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agenciesHeld by the public

Federal Reserve System.,Other '

357,762

241,312152,763-36,313

402,710

295,756143,267-36,313

-44,948

-54,4449,496

709,138

157,295551,843

105,004446,839

401,997

270,484168,012-36,498

450,804

331,985155,318-36,498

-48,807

-61,80412,694

780,425

169,477610,948

115,480495,468

465,940

316,351189,641-40,052

493,635

362,381171,305-40,052

-27,694

-46,03018,335

833,751

189,162644,589

115,594528,996

520,050

350,849213,875-44,674

579,613

419,214205,074-44,674

-59,563

-68,3648,801

914,317

199,212715,105

120,846594,259

607,525

415,239242,545-50,259

662,740

474,932238,068-50,259

-55,215

-59,6934,477

992,398

205,293787,105

711,780

484,105286,113-58,437

739,296

530,817266,916-58,437

-27,516

-46,71219,196

1,057,664

225,559832,105

BUDGET RECEIPTS....

Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal Reserve System..Another ..

BUDGET OUTLAYS...

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social services..HealthIncome securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceInterestAllowances \Undistributed offsetting receipts

357,762

157,62654,892108,68817,5487,3275,150

5,908622

402,710

97,5014,8134,6774,17210,0005,532

9814,6366,348

20,98538,785137,90018,0383,6003,1699,499

38,009

401,997

180,98859,952123,41018,3765,2856,573

6,641772

450,804

105,1865,9224,7425,861

10,9257,7313,32415,44511,07026,46343,676146,18118,9743,8023,7069,601

43,966

465,940

217,84165,677141,59118,7455,4117,439

8,327910

493,635

117,6816,0915,0416,85612,0916,2382,565

17,4599,542

29,68549,614160,15919,9284,1534,0938,372

52,556

520,050

244,06964,600160,74724,3296,3897474

11,767975

579,613

135,85610,7335,7226,313

13,8124,7627,782

21,12010,06830,76758,165

193,10021,1834,5704,5058,584

64,504

607,525

284,01366,009184,82444,3936,909

.J.43913,069

899

662,740

161,08811,3146,2588,73914,1101,1123,456

24,05411,14431,77366,032

231,65022,5914,7865,1706,854

80,405

Composition of undistributed offsetting receipts:Employer share, employee retirementInterest received by trust fundsRents and royalties on the Outer Continental Shelf..

-15,053

-4,548-8,131-2,374

-15,772

-4,983-8,530-2,259

-18,488

-5,271-9,950-3,267

-21,933

-5,787-12,045

-4,101

-27,796

-6,561-13,435-7,800

711,780

331,67764,648

214,66469,6337,6687,800

14,710

739,296

184,39912,1527,590

11,97314,0394,8038,058

21,5519,084

34,51174,636

255,00624,4624,8825,2466,902

89,9461,920

-31,863

-6,798-15,165

-9,900

Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscalyear 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis. Beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis. The period July 1,1976 through September 30,1976 is a separate fiscal period known as thetransition quarter.

Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1982" for additional information.Sources: Department of the Treasury and Office of Management and Budget.


TABLE B-l\.—Federal budget receipts and outlays, fiscal years 1929-82


Fiscal year Receipts Outlays Surplus ordeficit ( - )

1929

1933

1939.

19401941.. .1942 ...1943.1944...

1945 . .1946 .1947 .1948. .19491950. ..1951.1952.19531954 . ..

1955 ..1956 .19571958..1959.

19601961 .19621963 .1964 .

196519661967. ..19681969...

19701971. ..197219731974

19751976Transition quarter.1977 ..19781979

1980. . .1981'1982»

3,862

1,997

4,979

6,3618,62114,35023,64944,276

45,21639,32738,39441,77439,437

39,48551,64666,20469,57469,719

65,46974,54779,99079,63679,249

92,49294,38999,676106,560112,662

116,833130,856149,552153,671187,784

193,743188,392208,649232,225264,932

280,997300,00581,773

357,762401,997465,940

520,050607,525711,780

3,127

4,598

8,841

9,45613,63435,11478,53391,280

92,69055,18334,53229,77338,834

42,59745,54667,72176,10770,890

68,50970,46076,74182,57592,104

92,22397,795106,813111,311118,584

118,430134,652158,254178,833184,548

196,588211,425232,021247,074269,620

326,151366,41894,728

402,710450,804493,635

579,613662,740739,296

734

-2,602

-3,862

-3,095-5,013

-20,764-54,884=-47,004

-47,474-15,856

3,86212,001

603

-3,1126,100

-1,517-6,533= 1,170

-3,0414,0873,249

-2,939-12,855

269-3,406-7,137-4,751-5,922

-1,596-3,796-8,702

-25,1613,236

-2,845-23,033-23,373=-14,849-4,688

-45,154-66,413-12,956-44,948- 48,807- 27,694-59,563-55,215-27,516

1 Estimates.Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with

fiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a

Oata for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1982" for additional information.Sources: Department of the Treasury and Office of Management and Budget.


TABLE B-72.—Relation of Federal Government receipts and expenditures in the national income andproduct accounts to the unified budget, fiscal years 1980-82

[Billions of dollars; fiscal years]

Receipts and expenditures 1980

Estimate

1981 1982

RECEIPTSTotal budget receipts....

Government contribution for employee retirement (grossing)Other netting and grossingAdjustment to accrualsGeographic exclusionsOther

Federal sector, national income and product accounts, receipts

EXPENDITURESTotal budget outlays

Lending and financial transactionsGovernment contribution for employee retirement (grossing). ...Other netting and grossingDefense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusionsOther.....

Federal sector, national income and product accounts, expenditures..

520.0

8.64.0

- 4 . 4- 1 . 2

527.3

579.6

-10 .38.64.0

22- 4 . 5

- . 8

578.2

607.5

614.4

662.7

671.0

711.8

9.76.4

- 8 . 0- 1 . 5

.3

10.36.31.1

- 1 . 5.2

728.2

739.3

- 6 . 19.76.4

- .95.2

- 4 . 9- 1 . 1

- 6 . 810.36.3

- 2 . 36.1

- 5 . 3- 1 . 3

746.3

Note.—See Note, Table B-71.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1982" for description of these

categories.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and

Budget:


TABLE B-73.—Government receipts and expenditures, national income and product accounts, 1929-80


Calendar year or quarter

1929

1933

1939

1940194119421943194419451946 .. .194719481949

1950195119521953 . . . .19541955 ,195619571958 ...1959

196019611962196319641965 . . . . . .1966196719681969

197019711972197319741975197619771978 ..1979

1980"

1978:IHI l lIV

1979:IIIlitIV

1980:I||Ill

Total government

Receipts

11.3

9.3

15.4

17.725.032 649.251.253.251056.958.955.9

69.085 290.194.689.9

101.1109 7116.2115.0129.4

139.5144.8156.7168.5174.0188.3212.3228.2263.1296.7

302.8322.6368.3413.1455.2470.5538.4605 76816765.2

834.2

640.7674.2691.2720.5

739.7750.9775.3794.7

815.0807.6839.9

Expendi-tures

10.3

10.7

17.6

18.428.864.093.3

103.092.745.642.550.559.3

61.079.293.9

101.697.098.0

104 5115.3127.6131.0

136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8

313.4342.0371.6405.3460.0534.3574.9624.0681.9753.2

869.0

658.4669.3690.0709.7

721.7737.0764.0790.3

824.6850.2885.6

Surplus ordeficit(-).

nationalincome

andproductaccounts

1.0

-1 .4

-2 .2

- . 7= 3.8

=31.4=44.1-51.8=39.5

5.414.48.4

=3.4

8.061

=3.8=6.9- 7 . 1

3.152.9

= 12 6= 1.6

3.1- 4 . 3- 3 . 8

.7-2 .3

.5= 13

-14.2-6 .0

9.9

-10.6= 19.4= 33

7.8-4 .7

-63.8-36.5= 18 3

- 211.9

= 34.8

-17.7491.1

10.8

18.113.911.34.4

= 9 6-42.5=45.6

Federal Government

Receipts

3.8

2.7

6.7

8.615.422 939.341042.539143.243.238.7

50.064 367.370 063.772.678 081.978 789.8

96.198.1

106.2114.4114.9124.31418150.5174.4196.9

191.9198.6227 5258.6287.8287.3331.837514315494.4

538.9

398.6423 6440.9462.7

477.0485.9500.6514.0

528 4520.9540.8

Expendi-tures

2.6

4.0

8.9

10.020.556.185.895.584.635.629.834.941.3

40.857.871.177.169.868.171.979.688.991.0

93.1101.9110.4114.2118.2123.8143.6163.7180.5188.4

204.3220.6244 3264.2299.3356.6384.8421.5460 7509.2

601.2

447.4451 1463.7480.6

488.4494.0515.8538.6

564 7587.3615.0

Surplus ordeficit< - ) ,

nationalincome

andproduct

accounts

1.2

-1 .3

-2 .2

= 1.3= 5.1

-33.1-46.6-54.5

42.13.5

13.48.3

=2.6

9.26.5

-3 .7-7 .1-6 .0

4.4612.3

= 10 3= 1.1

3.0= 3.9=4.2

- 1 3.5

- 1 8= 13.2=6.0

8.4

-12.4-22.0- 1 6 8= 5.6

-11.5= 69.3= 53.1=46.4—29 2= 14.8

= 62.3

=48.8- 2 7 4=22.8-17.9

-11.5=8.1

-=15.2-24.5

36 366.5

-74.2

Receipts

7.6

7.2

9.6

10.010.410.610.911.111.613.015.417.719.5

21.323.425.427.429.031.735.038.542.046.4

49.954.058.563.269.575.184.893.6

107.3120.2

135.4153.0178 3195.0211.4237.7267.8298.0327 4351.2

382.6

316.9328 0327.2337.7

340.9342.7355.4365.6

3721373.9386.8

State and localgovernment

Expendi-tures

7.8

7.2

9.6

9.39.1888.48.59.0

11.114.417.620.2

22.523 925.527.330.232.935 9

, 39.844 346.9

49.854.458.062.868.575.184 394.7

107.2118.7

133.5150.4164 8181.6204.6232.2251.2270.0298 4324.4

355.0

285.8295 7303.3309.0

311.4320.8328.9336.7

345 4350.0358.2

Surplus ordeficit

nationalincome

andproduct

accounts

=0.2

=.1

.0

.61.31.82.52.72.61.91.0.1

= .7

= 1.2= .4- . 0

,1= 1.1-1 .3

g-1 .4-2 .4- . 4

.1- . 4

.5

.51.0

--.0.5

-1 .1.1

1.5

1.92.6

13.513.46.85.5

16.628.129 026.7

27.6

31.132 323.928.7

29.521.926.528.9

26 623.928.5

Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts. Totalgovernment receipts and expenditures have been adjusted to eliminate this duplication.



TABLE B-74.—Federal Government receipts and expenditures, national income and product accounts,

1958-82


Year or quarter

Receipts

Tota!Personaltax andnontax

receipts

Corpo-rate

profitstax

accruals

Indirectbusinesstax andnontax

accruals

Contri-butions

forsocialinsur-ance

Expenditures

Total1

Pur-chases

ofgoodsand

serv-ices

Transferpayments

Topersons

Toforeign-

ers

Grants-in-aid

toStateandlocal

govern-ments

Netinter-

estpaid

Subsi-diesless

currentsurplus

ofgovern-mententer-prises

Fiscal year:2

1958195919601961196219631964196519661967 . .1968 . .1969 . .197019711972197319741975197619771978197919801981 3. .1982 V

Calendar year:19581959.I960..1961196219631964J9651966 ..„19671968196919701971 .. .1972197319741975 .. ..197619771978. .1979....

1980*

1979:IIIIllI V

1980:III*"""

78.185.494.895.0

104.0110.0115.6120.0132.7146.0159.9189.8194.8192.4213.4240.7271.6283.4314.9365.9414.2480.7527.3614.4728.2

78.789.896.198.1106.2114.4114.9124.3141.8150.5174.4196.9191.9198.6227.5258.6287.8287.3331.8375.1431.5494.4

538.9

477.0485.9500.6514.0

528.4520.9540.8

36.338.242.543.647.349.650.751.457.564.471.490.294.087.9

100.5107.4122.7127.5137.2166.4186.4223.1249.7290.5339.3

36.839.943.644.748.651.548.653.961.767.579.795.192.690.3

108.21147131.3125.8147.3170.1194.9231.4

258.0

216.7225.7236.2247.1

246.9252.0259.4

17.921.422.320.022.723.325.727.130.830.333.136,832.931.934.241.243.441.852.558,867.275.870.667.978.8

18.022.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.274.6

68.3

75.373.575.374.3

80.560.966.7

11.612.013.213.314.215.015.616.915.515.817.118.619.220.019.920.721.422.224.424.527.229.135.761.283.8

11.512.513.413.614.615.316.216.515.616.318.019.019.320.420.021.221.723.923.425.028.129.4

40.4

29.429.429.329.6

31.938.742.9

12.313.916.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9

101.0116.2133.4152.7171.3194.8226.3

12.414.917.618.320.523.124.025.033.136.740.746.749.354.462.779.589.894.1

106.5118.5137.2159.0

172.2

155.5157.4159.9163.0

169.2169.3171.8

82.891.291.398.1

106.2111.7117.2118.5132.7154.9172.2184.6195.5212.9232.7255.7278.2328.8370.7411.7450.5494.7578.2671.0746.3

88.991.093.1.

101.9*110.4114.2118.2123.8143.6163.7180.5188.4204.3220.6244.3264.2299.3356.6384.8421.5460.7509.2

601.2

494.0515.8538.6

564.7587.3615.0

51.154.852.955.861.063.765.964.672.486.095.098.097.194.9

100.6101.1104.5117.9125.1140.31507163.4190.2218.5248.7

53.953.953.757.463.764.665.267.378.890.998.097.695796.2

101.7102.0111.0122.7129.2143.9153.4167.9198.9

164.8163.6165.1178.1

190.01987194.9

17.819.920.623.625.126.527.428.431.837.242.748755.067.776.187.2

101.8131.4153.8166.6178.7197.82347276.8308.7

19.620.121.625.025.627.027.930.333.540.146.050.661.372780.593.3

114.5146.3158.8169.6181.8204.9

245.2

192.5197.5212.8216.8

224.4232.2260.4

1.71.81.82.12.12.12.22.22.32.22.12.22.02.32.8273.03.13.03.23.54.04.64.75.2

1.81.81.92.12.22.22.22.22.32.22.12.12.22.62.72.63.23.13.23.23.84.2

4.5

4.76.26.96.97.68.39.8

10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186790.394.6

5.66.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.487.3

78.277.880.884.9

85.587.287.7

5.45.66.86.46.47.1778.2879.6

10.411.913.514.014.015719.621725.228.433.540.651.267.375.1

5.26.26.86.26.87.38.08.49.29.8

11.312.714.113.814.418.020.723.126.829.135.242.353.4

40.042.042.944.4

50.354.453.5

2.42.52.43.34.14.04.14.34.85.24.14.75.57.06.59.27.66.06.27.09.69.8

10.813.414.0

2.82.12.64.04.23.94.54.65.5474.55.26.56.37.97.85.56.95.88.29.39.4

12.1

8.59.2

10.59.5

10.111.0137

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscal:year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 [fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separatefiscal period known as the transition quarter.

3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE B-75.—State and local government receipts and expenditures, national income and product accounts,

1946-80


Calendar yearor quarter

1946194719481949...

1950195119521953...1954

19551956195719581959....

1960196119621963.1964

19651966196719681969

19701971197219731974

19751976197719781979

1980 *

1978:1IIIllIV

1979:

nil . ..IllIV

1980:|IIIll

Total

13 015.417719.5

21.323.425.427.429.0

31.735.038.542.046.4

49.954.058.563 269.5

75.184 893.6

107.3120.2

135.4153.0178,3195.0211.4

237 7267.8298.0327.4351.2

382.6

316.9328.0327.2337.7

340.9342.7355.4365.6

372.1373 9386.8

Personaltax andnontax

receipts

1.5172.12.4

2.52.83.03.23.5

3.94.55.05.46.1

6.77.48.288

10.0

10.912 8U.S17.520.6

23.226.432.836.039.0

43149.656.463.970.6

807

60.663.064.967.1

67.767.872.3747

76.278.382.1

Receipts

Corpo-rate

profitstax

accruals

0.5.67.6

.8

.9

.8

.8

.8

1.01.01.01.01.2

1.21.31.517U

2.0222.53.13.4

3.54.15.05.86.5

719.3

11.011713.0

11.9

10.211812.013.0

13.212.913.112.9

137106117

Indirectbusinesstax andnontax

accruals

9.310712.213.3

14.615.917.418.819.9

21.623.825.727.229.3

32.034.437.039 442.6

46.149 754.060.967.6

75.083.391.599.7

107.4

116 2128.3141.0149.9159.0

171.2

147.71516148.5152.0

155.1156.4160.6163.9

167.0167 7173.0

Contribu-tions for

socialinsurance

0.6

!8.9

1.11.41.61.72.0

2.12.32.62.83.1

3.43.73.94.24.7

5.0576.77.28.3

9.210.211.513.014.6

16 819.522.124.628.1

31.5

23.524 124̂ 925.8

26.827.928.629.2

29.630232.3

Federalgrants-in-aid

1.1172.02.2

2.32.52.62.82.9

3.13.34.25.66.8

6.57.28.091

10.4

11.114 415.918.620.3

24.429.037.540.643.9

54 661.167.577.380.4

87.3

74.877 576.979.9

78.277.880.884.9

85.587 287.7

Totall

11.114.417.620.2

22.523.925.527.330.2

32.935.939.844.346.9

49.854.458.062 868.5

75.184 394.7

107.2118.7

133.5150.4164.8181.6204.6

232 2251.2270.0298.4324.4

355.0

285.8295 7303.3309.0

311.4320.8328.9336.7

345.4350 0358.2

Expenditures

Pur-chases

ofgoodsand

services

9.912.815.318.0

19.821.823.225.027.8

30.633.537.141.143.7

46.550.854.359 064.6

71.179 889.3

101.0111.2

124.4138.7151.4168.5193.1

217 2232.9250.6279.2305.9

335.9

266.2276 0284.2290.6

293.4301.6310.4318.3

326.83313338.6

Trans-fer

pay-ments

toper-sons

1.72.33.03.0

3.63.13.33.53.6

3.83.94.34.85.1

5.45.86.06.46.9

7.3819.4

10.512.2

14717.319.320720.9

24 627.629.732.835.0

38.9

31732 733.333.5

33.834.535.436.4

37.238139.7

Netinterest

paidlessdivi-

dendsreceived

0.2.1.1.1

.1

.0

.0

.0

.1

.1

.1

.1

.1

.1

.1

.1

.1

.1

- .3_ 7-.9

- 1 . 1- 1 . 4

- 2 . 0- 1 . 7- 1 . 9- 3 . 3- 5 . 0

= 51=4.5- 5 . 2- 7 . 7

-10.3

-12.4

- 6 . 6= 7 3- 8 . 0-8 .7

- 9 . 4=9.9

-10.6-11 .2

-11 .8— 12 2- 1 2 7

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

-0 .7- .8- .8=.9

- .9- 1 . 0- 1 . 1- 1 . 2- 1 . 3

= 1.5- 1 . 6-1 .7- 1 7- 2 . 0

- 2 . 2- 2 . 3- 2 . 5- 2 8- 2 . 8

=3.0= 3 0- 3 . 1- 3 . 2=•3.3

- 3 . 6-3 .7- 4 . 2- 4 . 3—4.4

—45- 4 . 8- 5 . 1-5 .7- 6 . 3

- 7 . 4

- 5 . 55 7

-5 .8- 5 . 9

=6.0- 6 . 2- 6 . 5- 6 7

=7.0- 7 2-7 .5

Surplusor

deficit

nationalincome

andproduct

accounts

1.91.0.1

- 7

- 1 . 2- .4

~!l- 1 . 1

- 1 . 3=.9

-1 .4= 2.4

= .4

.1„_ 4

is.5

1.0

- .05

- 1 . 1.1

1.5

1.92.6

13.513.46.8

5516.628.129.026.7

27.6

31.132 323̂ 928.7

29.521.926.528.9

26.623 928.6

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-76.—State and local government revenues and expenditures, selected fiscal years, 1927-79


Fiscal year1

Genera) revenues by source2

Total Propertytaxes

Salesand

grossre-

ceiptstaxes

Individ-ual

incometaxes

Corpo-ration

netincometaxes

Revenuefrom

FederalGovern-

ment

Allothers

General expenditures by function2

Total Educa-tion

High-ways

Publicwelfare

Allother4

1927

1932193419361938

19401942194419461948

1950195219531954

19551956195719581959

1960196119621963

1962-635

1963-64«1964-656

1965-66*1966-675

1967-685

1968-695

1969-708

1970-7181971-72*1972-73=1973-74«1974-75°

1975-76^1976-77*1977-785

1978-79*

7,271

7,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197

101,264114,550130,756

144,927166,352190,214207,670228,171

256,176285,796315,960343,278

4,730

4,4874,0764,0934,440

4,4304,5374,6044,9866,126

7,3498,6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,13345,28347,70551,491

57,00162,53566,42264,944

470

7521,0081,4841,794

1,9822,3512,2892,9864,442

5,1546,3576,9277,276

7,6438,6919,4679,82910,437

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337/48842,04746,09849,815

54,54760,59567,59674,247

70

7480153218

224276342422543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8267,3088,908

10,812

11,90015,23717,99419,49121,454

24,57529,24533,17636,932

92

7949113165

156272451447592

593846817778

744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,128

116

2321,016948800

945858954855

1,861

2,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,25339,25641,82047;034

55,58962,57569,59275,164

1,793

1,6431,4491,6041,811

1,8722,1232,2692,6613,685

4,5415,7636,2526,897

7,5848,4659,2509,699

10,516

11,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37435,82640,21046,54151,735

57,19161,67368,43679,864

7,210

7,7657,1817,6448,757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148,887

51,87656,20160,20664,816

63,97769,30274,546

82,84393,350102,411116,728131,332

150,674166,873181,227198,959230,721

256,731274,388296,983327,517

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,390

10,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41364,88669,71475,83387,858

97,216102,805110,758119,448

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168t5679,592

9,4289,84410,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,09519,01018,61519,94622,528

23,90723,10524,60928,440

151

444889827

1,069

1,1561F2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,136

4,4044,7205,0845,481

5,4205,7666,315

6,7578,2189,85712,11014,679

18,22621,07023,58225,08528,155

32,60435,94139,14041,898

3,015

3,2692,9523,2153,547

3,8623,8893,7374,5917,170

8,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,447

30,02933,28136,91541,96347,508

54,94061,90769,31678,09692,180

103,004112,537122,476137,731

1 Fiscal years not the same for all governments. See footnote 5.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes1 licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for health, hospitals, police, local fire protection, natural resources, sanitation, housing and urban renewal,local parks and recreation, general control, financial administration, interest on general debt, and unallocable expenditures.

. 5 Data for fiscal year ending in the 12-month period through June 30. Data for 1963 and earlier years include local governmentamounts grouped in terms of fiscal years ended during the particular calendar year.

Note.—Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.


TABLE B-77,—Interest-bearing public debt securities by kind of obligation, 1967-80


End of year or month

Totalinterest-

publicdebt

securities

Marketable

Total Bills Treasurynotes

Treasurybonds I

Nonmarketable

TotalU.S.

savingsbonds

Foreigngovern-

mentand

publicseries2

Govern-ment

accountseries

Other*

Fiscal year:1967..1968 .1969

19701971.1972..1973..1974.

1975..1976..1977..19781979.

1980...

1979:JanFebMar

June

JulyAugSept.Oct.Nov...Dec ...

1980:Jan. .Feb,MarApr. .MayJune..

JulyAugSept.Oct....Nov..

322,286344,401351,729

369,026396,289425,360456,353473,238

532,122619,254697,629766,971819,007

906,402

789,502791,249792,344795,434803,816799,863

806,508812,095819,007825,736832,730843,960

846,517853,366862,211868,866873,529876,275

880,395888,733906,402906,948909,371

* 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506

496,529497,976500,400504,585506,867499,343

506,994509,187506,693515,033519,573530,731

535,658540,636557,493564,869567,560566,735

576,145583,419594,506599,406605,381

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832

162,286162,416165,459163,730163,076159,890

159,938160,489161,378161,692165,100172,644

175,522177,422190,780195,296195,387184,684

191,491199,306199,832202,309208,721

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903

272,807271,372270,803275,311276,123272,066

278,257277,582274,242280,832279,723283,379

283,990286,814290,390291,831291,532301,455

302,626300,251310,903311,927311,119

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,772

61,43664,18964,13965,54467,66867,387

68,79971,11671,07372,51074,75174,708

76,14776,40076,32377,74180,64180,596

82,02783,86183,77285,17085,541

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896

292,973293,273291,944290,849296,949300,520

299,514302,909312,314310,703313,157313,229

310,859312,730304,718303,997305,968309,539

304,250305,314311,896307,542303,989

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,727

80,41480,45980,41780,42680,43080,460

80,52480,50380,44080,17879,66979,517

78,24777,33875,64373,88973,24773,072

72,96872,85372,72772,66972,524

1,5143,7414,070

4,7559,27018,98528,52425,011

23,21621,50021,79921,68028,115

25,158

30,25728,15028,16125,41625,15826,807

28,01527,68828,11528,01029,16428,820

30,04529,64326,90126,25025,92525,460

25,77925,84525,15824,80524,501

56,15559,52666,790

76,32382,78489,598101,738115,442

124,173130,557140,113153,271176,360

189,848

155,237157,637153,765158,178164,552166,274

163,882167,301176,360175,267176,992177,460

174,904178,415175,451179,652182,642186,842

181,479182,447189,848185,665182,447

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,88316,79727,06727,400

24,164

27,06527,02729,60126,82926,80926,981

27,09427,41827,40027,24727,33127,434

27,66427,33626,72224,20724,15624,165

24,02224,17024,16424,40424,518

1 Includes Treasury bonds and minor amounts of Panama. Canal and postal savings bonds.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and specialissues held only by U.S. Government agencies and trust funds and the Federal home loan banks.

4 Includes $5,610 million in certificates not shown separately.

Note.—Through fiscal year 1976, the fiscal year was on a July 1 June 30 basis; beginning October 1976 (fiscal year 1977) the fiscalyear is on an October 1-September 30 basis.

Source: Department of the Treasury.


TABLE B-78.—Estimated ownership of public debt securities, 1967-80

[Par values;' billions of dollars]


Fiscal year:196719681969 . . . .

19701971197219731974

19751976 . . .1977 .1978 . . .19791980

1979Jan . . .FebMarApr . . .MayJune .. . . . .

July . ..Aug.

SP - • .NovDec

1980:JanFebMar

£_:::•: :....:. .:;.JuneJulyAugSeptOct

Total public debt securities

Total̂

322.9345.4352.9

370.1397.3426.4457.3474.2

533.2620.4698.8771.5826.5907.7

790.5792.2796.8796.4804.8804.9

807.5813.1826.5826.8833.8845.1

847.7854.6863.5870.0877.9877.6

881.7893.4907.7908.2

Held byGovern-

mentaccounts

71.876.184.8

95.2102.9111.5123.4138.2

145.3149.6155.5167.91877197.7

167 7170.1166.3170.7177.0178.5

176 2178.6187.7185.7187.1187.1

184.5187.8186 3188.2190.7194.9

189.2189.8197.7193.4

Held byFederalReserveBanks

46.752.254.1

57.765.571.475.080.5

84.794.4

104.7115.3115 51207

1013103.5110.9108.6106.2109.7

1114113.0115.5114.6118.1117.5

116.3115.21167118.8124.3124.5

119.6119.8120.7121.5

Held by private investors

Total 3

204.4217.0214.0

217.2228.9243.6258.9255.6

303.2376.4438.6488.3523.4589.2

521.4518.6519.6517.1521.5516.6

519.8521.5523.4526.5528.6540.5

546.9551.6560.5563.0562.9558.2

572.9583.8589.2593.3

Com-mercialbanks4

55.559.755.3

52.661.060.958.853.2

69.092.599.894.490.1

100.9

89.991.192.592.094.293.5

89 889.090.190.491.591.5

92.192.992.490.392.093.6

94.498.1

100.9103.4

Mutualsavingsbanksand

insur-ancecom-

panies

13.212.511.6

10.410.310.29.68.5

10.616.020.520.3194197

19.920.020.019.719.619.3

19 519.619719.719.519.4

19.019.219 919.818.318.3

19.119.119.720.8

Corpora-tions6

11.012.011.1

8.57.49.39.8

10.8

13.824.723.419.424.025.5

22.022.723.524.425.226.1

25.424.724.024.324.624.9

26.528.121.825725.022.8

25.324.625.525.3

State andlocal

govern-ments6

23.625.126.4

29.025.926.928.828.3

31739.348.263.867.173.4

64.063.965.565.966.266.6

66.566.666.567.167.267.4

67.872.968.167.367.667.4

68.970773.473.1

Indi-viduals7

70.474.277.3

81.875473.275.9807

86.896.2

106.5.113.9115 5123.0

115 2116.2116.1116.0117.0113.0

1141114.6115.5116.0115.4116.1

117.0113.8124 8125.3124.3120.1

121.2124.1123.0122.9

Miscel-laneousinves-

tors3-8

30.733.432.3

35.049163.276.074.2

91.31077140.2176.5207 32467

2104204.7202 0199.1199.3198.1

204 5207.0207.5209.0210.4221.2

224.4224.7233 5234.6235.7236.0

244.0247.2246.7247.8

1 U.S savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.2 As of July 31, 1974, public debt outstanding has been adjusted to exclude the notes of the International Monetary Fund to conform

with the Budget presentation. This adjustment applies to the 1967-79 data in this table.3 For comparability with 1975-79 published data, published data for 1967-74 have been adjusted to exclude notes of the

International Monetary fund, these adjustments amounted to $3.3 billion in 1967, $2.2 billion in 1968, and $0.8 billion in each year1969 through 1974. These adjustments were necessary in order to add to the total public debt figures as published by the Departmentof the Treasury.

4 Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and island possessions;figures exclude securities held in trust departments.

* Exclusive of banks and insurance companies.6 Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territories and7 Includes partnerships and personal trust accounts.8 Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, certain

government deposit accounts and government-sponsored agencies, and investments of foreign balances and international accounts inthe United States.

Note.—Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1—September 30 basis.

Source: Department of the Treasury.


TABLE B-79-—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-80


Amountout-

standing,privately

held

Maturity class

Withinlyear

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Average length

Fiscal year:19671968 .1969. ..

19701971197219731974

19751976..1977..19781979...

1980,...

1979:JanFeb.. .Mar.,Apr ....May.June.

July ...Aug.Sept..Oct . . . .Nov . . .Dec,. .

1980Jan,. ..Feb... .Mar..

June..

July.......Aug...Sept...Oct.Nov

150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717

382,556381,797380,060383,315388,001377,649

383,102384,771380,530389,074390,439402,226

408,300414,647430,036435,283433,175431,893

446,255454,063463,717467,845475,365

Millions of dollars

56,56166,74669,311

76,44374,80379,50984,04187,150115,677151,723161,329163,819181,883

220,084

184,277185,602186,967185,725188,018184,113183,277182,891181,883182,297180,676190,403

192,829195,694208,542207,942209,899198,365210,106218,977220,084222,346230,987

53,58452,29550,182

57,03558,55757,15754,13950,10365,85289,151113,319132,993127,574

156,244

133,992132,434129,454132,538130,576124,443

129,462130,607127,574134,205133,276133,173

135,132137,442137,514142,011140,835147,756

149,215150,764156,244156,712154,434

21,05721,85018,078

8,28614,50316,03316,38514,19715,38524,16933,06733,50032,279

38,809

33,69031,29931,24531,23533,57233,359

33,55532,39232,27932,32534,31936,592

36,79337,59340,15140,11136,31739,715

39,42635,65238,80938,74738,021

6,1536,1106,0977,8766,3576,3588,7419,9308,8578,0878,428

11,38318,489

25,901

15,28215,19515,14116,57817,32617,27118,61718,54818,48919,93819,86619,79621,24721,79421,72523,14022,27022,22923,68225,94825,90127,33827,266

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,65210,53114,80520,304

22,679

15,31517,26717,25417,23918,50818,462

18,39020,33420,30420,30922,30222,262

22,29922,12422,10422,07923,85423,828

23,82622,72222,67922,70224,657

Years Months

63

11

7117

109

910

81010

9109910

Note,- All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year

is on an October 1—September 30 basis.Source: Department of the Treasury:


erp1981 appendixes 2

Documents