BUSINESS

December 13, 1957

STATISTICS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS

Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $4.00 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY

.SELECTED BUSINESS INDICATORS

THOUSANOS

PASSENGER CAR AND TRUCK PRODUCTION (United States plants)

18200

1,000

8 0 0

6 0 0

4 0 0 1 -

2 0 0 \jiL I 1 i i I i I

Monthly

I 1 I i i I i i I I I I I 1 I I I I I I I i I I 1 1 I i 1 i i I i i i i

S954 S955 1956 1957

Weekly

~ 1957

r ^^w lN(

L / ? | 1956 *

i i i i i 1 J F M A M J ,

THOUSANDS

-

i i I i l ) A S 0 N D

2 5 0

2 0 0

150

100

5 0

0

BILLION DOLLARS 2 0

10

SALES OF RETAIL STORES (seasonally adjusted)

U^j,^*"*-®-®-*"®"*-*

' Total

Nondurable Goods

Durable Goods

I. I A M 1 I I I I I f I M I I I I I I I

MS"*"* 1 * - *" *^

I I I I I I I I I t I I I I I I I I I 11 1,1

1954 1955 1956 1957

BILLION DOLLARS 5 0

10

CONSUMER CREDIT OUTSTANDING (short- and intermediate-term)

i i 1 I i i i

Installment Credit (end of month)

I 1 I M I i I 1 I I I I I I I I I I I I 1 I I I I I I I 1954 1955 1956 1957

INDEX, 1947 -49 = 100 2 0 0

175

150 H

125

MANUFACTURING EMPLOYMENT & PAYROLLS (production workers)

Payrolls .

100

7 5 I i i n ' I i M \\ M • ' ' ' I ' ' ' ' ' ' ' ' ' ' ' 1 ' ' •' • • ' ' ' ' ' ' I ' '•'-' 1954 1955 1956 1957

DOLLARS 2 . 4 0

2 . 2 0

2 . 0 0

L 8 0

1.60

MANUFACTURING HOURS & EARNINGS

Average Hourly Gross Earnings

(left scale)

Average Hours Per Week (right scale) I

1.40 j/^J,..1 I i I I 1 M 1 1 1 I M 1 I 1 1 1 M I I I I I I I 1 I I 1 I

HOURS 5 6

5 2

I I I M I I I I 1 J

4 8

4 4

4 0

3 6 1954 1955 1956 1957 Digitized for FRASER

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

2 WEEKLY BUSINESS STATISTICS'

ITEM

Commodity prices, wholesale:

F1 nance:

Federal Resorve bank credit outstanding, total 3/....»do..«.

Federal Reserve reporting member banks in leading cities? 4/

Commercial, Industrial, and agr. loans (gross).... do.. «f,

Bond yields, domestic corporate (Moody's) .3/ssss-s-percent,. w Stock prices, 500 stocks (Stand. & Poor9s) 4/...1941-43=10..

Production:

1956

Dec. I

• • • • • o a a o o

93.8 197

1,219 1,116

31,355 26,374 19,375

62 i

56,632 21,761 86,207 26,141 30,407 8,855

254 3.95

44.43 47.39

1,812 12,075

185,038 7,133

2,489 fiOi.i

752 375

Dec. 8

*M5.9 *87.9 *!03.G »124.2

93.5 226

1,250 «.. *46

31,451 26,165 19,068

386

56,745 21,780 86,17! 25.820 30,460 8,848

270 3.96

46.39 49.74

1,796 12,047

191,667 7,353

2,493 #i01.3 i

738 1 377

Nov. 16

117.8 91.8 !06.3 125.6 84.1 142

1.595 i 1,463

31,287 25,424

I 18.911 j 526

| 55,025 j 23,795 ! 36,103

74.-785 31,836 8,776

306 •1,50

39.55 42.51

i,588 11,953

164,568 6,83!

1,990 77.7 647 328

1957

Nov. 23

117.8 92.1 !05.7 •7.5.6 84.9 155

1,592 If4fi0

31,336 25,489 18,987

528

55, H O 23,721 86,332 74,938 31,794 8,777

306 4,49 39,92 42.93

i,580 !2,I36

175,450 6,832

1,945 V6.0 633 323

Nov. 30

117,8 91.6 106.0 125.6 84.4 158

SSlrw.. i . . , V .

31,431 25,325 i8,907

489

55,396 23,758 86,082 75,009 31,548 8,774

<?35 4.47

41.7.5 44.41

i,6i8 11,613

132,107 6,829

i,846 72.1 554 284

Dec. 7

M7.8 91.4 106.2 125.6 84.6

31,666 25,387 19,023

487

287 4.44

41.54 44.71

165,^98

i,83l 71.5

J./ Data do not always cover calendar weeks. 2/ Tuesday prices. .3/ Daily average. 4/ Wednesday data. 5/ Week beginning December 9, 1957: Production, 1,777 thous. short tons; operating rate, 69.4 percent. * Monthly index for November 1956. # Net comparable with 1957 rates, which are based on higher capacity.

MONTHLY BUSINESS STATISTICS

ITEM

C0MM0OITY PRICES RetaiI.price:

All commodities (U.S. Dept. of Commerce index).1935-39-100..

DOMESTIC TRADE Ail retaiI stores: J/

Estimated sales (unadjusted), total mil. of dol.. Durable-goods stores:

Automotive group••••• do.... Furniture and appliance group do....

Nondurable-goods stores: Appare I group do.. •. Drug and proprietary stores do.... Eating and drinking places do.... Food group do.... Gasoline service stations do.... Genera I-mere hand i se group do. • •.

Estimated sales (seasonally adjusted), total do.... Durab le-goods stores „ .do. • • • Nondurable-goods stores do....

Estimated inventories: Unadjusted, tota I do.. •.

Durab le-goods stores do. • •. Nondurab le-goods stores do....

Adjusted, tota I do.... Durab le-goods stores do. • •, Nondurab le-goods stores do. • • •

Firms with II or more stores, estimated sales: Unadjusted do.... Ad jus led do....

Wholesale trade: Sales, estimated (unadjusted), total bil. of dol..

Durab Ie-goods estabI ishments do.... Nondurab le-goods estab 11 shments do. • •«

Inventories, estimated (unadjusted), total do.... Durab I e-goods estab I i s hments do.... Nondurable-goods estabIishments.......... ••••••do....

1956

October

213.4

16,130

2,830 956

1,034 480

1,227 3,729 1,180 1,808

15,896 5,490 10,406

24,000 9,920 14,080 23,320 10,090 13,230

3,402 3,295

12.8 4.9 8.0 13.0 6.4 6.6

November

213.8

16,493

2,907 1,003

1,095 470

1,158 3,877 1,184 2,030

16,212 5,664

10,547

24,750 10,450 14,300 23,490 10,420 13,070

3,669 3,404

!2.0 4.5 7.5 13.2 6.4 6.8

1957

August

217.9

17,490

3,352 912

967 528

1,420 4,353 1,374 1,774 17,030 5,740 11,290

24,040 10,970 13,070 24,250 11,040 13,210

3,660 3,631

N.7 4.3 7.4 12.7 6.6 6.1

September

217.5

16,373

3,078 853

1,010 515

1,291 3,937 1,262 1,696

16,919 5,722 11,197

r24,270 r10,690 r13,580 r24,360 rll,120 r13,240

3,337 3,559

11.2 4.2 7.0 12.8 6.7 6.1

October

217.1

r16,949

r2,945 r9l9

rl,083 r559

r1,263 r4,102 rl,287 r1,838

r l6 ,7 l4 r5 ,6 l2

r l l , 102

24,470 10,380 14,090 24,190 10,960 13,230

3,597 3,458

12.3 4.5 7.8 12.9 6.6 6.3

November

17,203

2,969 921

1,125 533

1,228 4,282 1,248 2,048 16,619 5,548 11,071

r/ Revised. J_/ Data for November 1957 are advance estimates. REVISED DATA •—Manufacturers1 sales and new orders for October 1957 shown in the December 6 issue of the Weekly Supplement have been revised as follows (mil. of dol.): Sales, unadjusted—total, 79,489; t.-vtal non-durables, 15,080; food and beverage, 4,660; sales, adjusted—total, 28,040; tota! nondurables, 14,097; food and beverage, 4,333; new orders, unadjusted—total, 26,926; total nondurables, 14,803; new orders, adjusted—totaI, 26,319; total nondurables, 13,969.

12674

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

MONTHLY BUSINESS STATISTICS — Continued 3

STEM

EMPLOYMENT AMD WAGES

Labor force (Bureau of the Census): ±/

Employees in nonagricultural establishments: Total, unadjusted (U. S. Department of Labor)...

Production workers in manufacturing industries: Total. P

Ordnance and accessories.»,..,,..... *,,„„..., Lumber and wood products (except furniture).

.thousands.. do....

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

.....•GO,.,.

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

do....

do.... do.,..

do....

* » ̂ 9 9eOOfl,,.

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

Machinery (except electrical) ,, do..,.

Apparel and other finished textile products.

Printing, publishing, and allied products...

Manufacturing production-worker indexes:

Labor turnover in manufacturing establishments: Accession rate..............monthly rate per IOC

Lay-of f Quit

Hours and earnings: Average weekly hours per worker, all manufacturi

Lumber and wood products (except furniture).

Apparel and otter finished textile products, Ps^or 2nd s'Med nrcd!jct? .......i Printing, publishing, and allied industries,

do....

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

fca o » . . C O . . . .

do....

•.. * •.do.... do.... do.... do.... do....

947-49=100.. ......do....

do....

employees.. do.... do.... do.... do.... do....

nq,..hours.. do.... do....

do..;. do....

do.... do....

• •... a O O . . . •

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

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

a...•.OO....

Hn

..a...OO,...

do.... do....

1956

October

68,082 66,174 7,i73

59,000 i,909

52,952 17,238

836 3,?96 4,189 i 1,445 2,315 0,343 7,290

*3,A65

7,788 82 684 325 476

i,i34 910

1,255 908

1,354 234

5,677 1,209

104 958

1,096 470 563 550 176 215 336

108.9 107.3 169.0

4.2 3.5 .3 1.3 1.7 .2

40.7 41.4 39.7

82.21 89.01 72.65

2.02 2.15 2.25 1.79 1.73 1.99 2.42 2.13 2.25 2.02 2.37 2.05

1.83 1.84 1.39 1.49 1.49 !. QP.

2,45 2.14 2.57 2.20 ls5l

November

67,732 65,269 6, i92

59,076 2,463

53,007 17,180

837 3,174 4,184 11,657 2,314 6,327 7,334

!3,392 7,839

82 655 320 470

I,i34 911

1,262 913

1,438 235

5,553 1,125

96 955

1,092 470 564 546 176 194 335

108.3 107.4 168.2

3.0 3.3 .3 1.5 1.3 .2

40.5 41.2 39.6

82.22 88.99 72.86

2.03 2.16 2,25 1.77 1.72 2.01 2.44 2.12 2.25 2.03 2.39 2.05

1.84 1.89 1.45 1.50 1.48 L98 2.45 2.15 2.57 2.17 U52

1957

August

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

52,89! 16,955

862 3,305 4,215 M,499

! 2.389 6,509 7,157

' 13,024 7,476

1 75 i 645

1 3I7

[ 459 1,077 878

1,180 861

1,363 225

5,548 1.194

90 911

1,084 465 553 530 175 204 341

105.3 104.4 164.7

3.2 4.0 .3 1.6 1.9 .3

40.0 40.3 39.5 82.80 89.06 74.26

2.07 2.21 2.34 L84 1.76 2.06 2.54 2.20 2.30 2.06 2.43 2.10

1.88 1.90 1.49 1.50 1.50 2_Ofi 2^51 2.25 2.69 2.27 le54

September

68,225 65,674 6,518

59,156

2,552

r53,152 r16,905

r853 r3,285 4,206

r11,620 r2,36! r&,54! r7,38l

r!2,992 r7,397

73 r63l 319 461

ri,06i r878

rl,l86 r879

r1,278 r225

r5,595 r!,2!8

r98 912

rl,084 r469 r563 r533

rl75 206

r336

r105.0 r103.3 rl64.7

r3.3 r4.4 r.2

rl.8 r2.2

.2

r39.9 r40.2 39.6

r82.99 r89.24 75.24

2.08 2.22 2.37

rl.84 rl.77 r2.08 r2.57

2.22 2.32 2.07 2.46

r2. 14

1.90 1.92 1.46 1.51 1.51 ?;OP.

r2.53 2.25 2.73

r2.29 U55

October

68,5f3 66,005 6,837

59,168

2,508

r53,059 r16,787

r837 r3,220 r4,158

r11,673 r2,353 r6,553 r7,478

r!2,902 r7,395

r69 r622 r3l7 r456

ri,05i r889

r!,l63 r868

rl,33l 224

r5,507 i" i, 14!

r94 r907

r1,075 471

r567 r536 rl74 r209 r334

104.3 102.9

rl62.7

p2.8 p4.0 p.2

p2.3 pi.3 P.2

39.5 r39.9 39.1

r82.56 r88.98 74.29

r2.09 r2.23 r2.38 rl.83 1.76 2.08

r2.55 r2.22 r2.33 r2.08 r2.47 r2.!4

1.90 rl.94 rl.47

1.51 rl.50 r?s0Q r2.53 2.24

r2.7l r2.32 1,55

November

66,061 64,873 5,817

59,057

3, 188

p52,753

pl6,555 p834

p3,037 p4,H6

pi 1,839 p2,353 u6,523 p7,496

p!2,588 p7,290

p68 D60I

p3l2 p449

pi,03i p877

pi,136 p853

pi,351 p22l

05,398 pi,079

p87 p889

pi,065 p469 p565 p530

pl75 p207 p333

pl02.6 p!0l.7

p!59.5

p39.2 p39.6 P38.7

D82.32 p88.70 D74.30

P2.I0 P2.24 P2.39 Dl.82 pi.75 P2.I0 p2.55 P2.22 P2.34 P2.09 P2.50 P2.I5

pi.92 pi.97 pi.54 pi.51 pi.51 n?.07 p2.53 p2.25 P2.7I P2.34 pi.57

r/ Revised, j)/ Preliminary. _[/ Estimates beginning January !957 reflect certain changes made in the definitions for employment and un­employment, etc. Figures for November 1957, comparable with data through November 1956. in order as above (thous.): 68,067; 65,078; 5,817; 59,26?; 2,9«°.

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4 MONTHLY BUSINESS STATISTICS — Continued

ITEM

ELECTRIC POWER

E lec t r i c power % Production* t o t a l , . . . . . . . • • • • • • • • • • • • • • • • • • • m l l« of kwffl«hr.e

§° I^Ctr IC l i t 1 1 i t i e S . »««««««»«»«»i««gi tos«<i«e«»iU«9 ®d©#® 0 &

1 ndu s t r i a § estab1 i s hments »«t»«<i«H«i*»»«*»««HH« &4o® . • •

LUMBER AND MANUFACTURES

Lumber (National Lumber Manufacturers Associat ion)!

Stocks (gross) , m i l l , end of. month, to ta l . • • 9« e* a» e*«*dQ. . a« OOT f loods c© • • • « • • • • • • • • • • • • •«-•• »»»4«t«««i«««i«H(«i . d o . . . .

METALS AND MANUFACTURES

Iron ore (Lake Superior d i s t r i c t — u* S« and Canadian ores) i

Stocks^ end of month, to ta ls ,««» * »e««e««do«.»* AT T U m a C e S . • « e o e e o e a . e a « 0 . e . « « « * e » e « Q « « . « # e a s ! a f t a « * . «UO« . . .

On Lake Er ie docks. • • • • • • • • • • • • • • • • • • • • • •do«.«« Foundry equipment (new), new orders, net

mo. avg. shipments... I947-49JSS00. .

PULP, PAPER, AND PRINTING

Wood pulpi Production, t o t a l , a l l g r a d e s . . . . . . . . . t h o u s . of short tons. •

Soda, semichemical, screenings, damaged, e t c . • • • • • • . d o . . . .

A l l paper and board mi 1 I s , production*

TRANSPORTATION EQUIPMENT

Motor vehic les:

DOmeST IC« e « H H i i M D M t < c g t « « n e H D H O « M t n e H U •GO. . c •

TrucKs, ToTaI««« .«• •» . . • . •«« . • . . • .« o • • « • • • • « • • • • « • • « G O . . . .

1956

September

55,649 48,819 6,830

3,159 2,540 2,901 2,363 9,257 5,752

12,745 7,217

41,283 ^ 37,376 3,837

114.7

1,728.7 76.6

950.7 197.8 243.3

95.4 164.9

885.4 196.4 584.2 104.9

2,477 1,113 1,110

12 243

275,555 368 364

203,888 202,159

71,299 56,852

October

i 58,445 51,129

| 7,316

3,394 I 2,778

3,172 2*622 9,478 5,907

12,628 7,556

47,483 43,235 4,248

122.2

1,940.7 79.9

1,078.5 238.0 262.8 1 100.3 ! 188.2 j

909.0 I 199.4 603.4 806.3 !

r2,758 r 1,231 r1,256

13 257

445,122 298 291

352,140 j 341,779 92,684 77,533

j 1957

July

61,191 54,348 6,843

2,728 2,258 2,813 2,384 9,696 5,929

14,282 7,157

37,148 33,975

1 3,173

j 98.6

1,590.2 74.7

857.5 182.3 232.0

88*3 155.5

879.1 213.0 559,7 106.3

2,243 998

1,005 80

231

579,951 309 302

484,788 474,635

94,924 76,856

\ August

62,649 55,449 7,200

3,807 2,562 3,847 2,623 9t655 5,867

13,172 7,039

43,958 40,380

3,571

231.3

8,894.9 80.8

1,063.2 210.2 251.3 100,4 189.8

873.0 213.7 556.1 103.3

2,668 8,858 1,238

86 263

680,747 385 288

521,282 513,290 89,850 74,212

September

58,335 51,573 6,762

2,883 2,354 2,866 2,348 9,672 5,880

8 8,828 6,792

49,464 45,323 4,841

113.9

r1,742.8 78.8

r969.0 892.8 227.4

96.5 r878.9

r852.8 r'200.3 r553.4

98.5

r2 ,5 l9 r l , 0 6 l r1,191

r !2 r255

380,609 243 ! 187

318,279 315,008 62,087 51,086 |

i October

60,297 53,157 7,140

3,024 2,506 3,091 2,543 9,68 1 5,849

f/81,005 6,538

54,844 50,874 4,669

8,948.8 98.4

1,086.9 222.8 246.2 806.5 195.1

872.2 209.6 564.1

98.5

2,797 8,197 8,381

13 276

379,386 233 232

298,064 282,510

88,019 73,707

r/ Revised. \j November 1957 figure—4,066,000 short tons. USCQMM-0C- 12674

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WEEKLY SUPPLEMENT

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