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Weekly Briefing Notes, 8/4/1975
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Weekly Briefing Notes, 8/4/1975
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William J. Baroody Files (Ford Administration)
William Baroody's Copies of "Weekly Briefing Notes on U.S. Domestic Developments"
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Environmental Protection Agency. 12/2/1970-
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The original documents are located in Box 37, folder "Weekly Briefing Notes,
8/4/1975" of the William J. Baroody Files at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 37 of the William J. Baroody Files at the Gerald R. Ford Presidential Library
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OFFICE OF THE VICE PRESIDENT
WASHINGTON
August 6, 1975
Mr. William Baroody:
The Vice President has asked that
you receive the attached copy of the Weekly
Briefing Notes, which are prepared each week
for the President. Beginning today, you will
receive a copy every week.
Dick Allison
WEEKLY
BRIEFING NOTES
ON U.S. DOMESTIC
DEVELOPMENTS
Prepared for the President
and the Vice - President
FORD & LIBRARY GERALD
AUGUST 4, 1975
COMPILED BY THE FEDERAL STATISTICAL SYSTEM
Coordinated by the Bureau of the Census
at the request of the Statistical Policy Division,
Office of Management and Budget
Vincent P. Barabba, Director
Joseph W. Duncan,
Bureau of the Census
Deputy Associate Director
for Statistical Policy
Office of Management and Budget
SOURCES OF DATA
Federal Fiscal Budget
U.S. Department of the Treasury, "Treasury Bulletin"
Unemployment Rates
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and
Earnings Statistics for the United States"
Duration of Unemployment
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and
Earnings Statistics for the United States"
Labor Turnover in Manufacturing
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and
Earnings Statistics for the United States"
Index of Help Wanted Advertising
The Conference Board
Average Workweek
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and
Earnings Statistics for the United States"
Hourly Earnings of Production Workers
U.S. Department of Labor, Bureau of Labor Statistics, "Employment and
Earnings Statistics for the United States"
Productivity Indexes
U.S. Department of Labor, Bureau of Labor Statistics
Work Stoppages
Bureau of Labor Statistics, "Monthly Labor Review"
Manufacturers' Shipments, Inventories, and Orders
U.S. Department of Commerce, Bureau of the Census, "Manufacturers"
Shipments, Inventories and Orders, Series M3-1"
Exports and Imports
U.S. Department of Commerce, Bureau of the Census, "Highlights of
Exports and Imports"
Construction Expenditures
U.S. Department of Commerce, Bureau of the Census, "Value of New
Construction Put in Place"
Agricultural Prices
U.S. Department of Agriculture, Crop Reporting Board
Composite Index of Leading Indicators
U.S. Department of Commerce, Bureau of Economic Analysis, "Business
Conditions Digest"
Week of August 4, 1975
TABLE OF CONTENTS
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators
Part 1-National Income and Product
A.1.1 Gross National Product
X
A.1.2 Personal Income
X
A.1.3 Corporate Profits
X
A.1.4 Federal Receipts and Expenditures
X
A.1.5 Business Investment
X
Part 2-Employment and Unemployment
A.2.1 Unemployment Rate
X
A.2.2 Duration of Unemployment
X
A.2.3 Unemployment Insurance
X
A.2.4 Labor Turnover
X
A.2.5 Help Wanted Index
X
Part 3-Hours, Earnings and Productivity
A.3.1 Average Workweek, Manufacturing
X
A.3.2 Compensation Per Man-hour
X
A.3.3 Productivity Indexes
X
A.3.4 Real Earnings
X
A.3.5 Work Stoppages
X
Part 4-Production and Trade
A.4.1 Industrial Production Index
X
A.4.2 Production of Primary Metals
X
A.4.3 Assembly of Cars and Trucks
X
A.4.4 Manufacturers' Shipments, Inventories, and Orders
X
A.4.5 Capacity Utilization
X
A.4.6 Retail Sales
X
A.4.7 Wholesale Trade: Sales and Inventories
X
A.4.8 Manufacturing and Trade Inventories and Sales
X
A.4.9 Manufacturers' Evaluation of Their Inventories
X
Part 5-Foreign Trade and Balance of Payments
A.5.1 Exports and Imports
X
A.5.2 Manufacturers' Export Sales and Orders of Durable Goods
X
A.5.3 Balance of Payments
X
A.5.4 Foreign Travel
X
Part 6-Prices
A.6.1 Consumer Price Index
X
A.6.2 Wholesale Price Index
X
E FORD
A.6.3 Tuesday Spot Market Price Index
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION A-General Economic Indicators (Continued)
Part 7-Construction
A.7.1 Housing Construction
X
A.7.2 Value of New Construction Work Done
X
Part 8-Energy, Raw Materials, and Commodities
A.8.1 Distribution of Electric Power
X
A.8.2 Production and Consumption of Fossil Fuels
X
Part 9-Agriculture
A.9.1 Farm Income and Expenses
X
Part 10-Money and Credit
A.10.1 Money Stock Measures
X
A.10.2 Bank Reserves
X
A.10.3 Consumer Credit
X
A.10.4 Common Stock Prices
X
A.10.5 U.S. Government Securities
X
A.10.6 Business Credit
X
A.10.7 Interest Rates
Part 11-Indicators of Business Activity
A.11.1 Composite Index of Leading Indicators
X
A.11.2 Number of New Business Incorporations
X
A.11.3 Number of Business Failures
X
SECTION B-General Social Indicators
Part 1-Population
B.1.1 Population Estimates
- Total Population
X
- Total Population by Age, Sex, and Race
X
- Rate of Growth
X
- Components of Change (Births, Deaths, Net Immigration)
X
- Population Projections
X
- Abortion
X
B.1.2 Population Distribution
- Population by Size of Place
X
- Population in Rural and Urban Areas
X
B.1.3 Migration
- Recent Movers
X
- Migration by Region
FORD LIBRAPY
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
Part 2-The Family
B.2.1 Living Arrangements, Selected Characteristics
- Age, Sex, and Race
X
- Single Person Households
X
- Children Living With Single Parents
X
- Average Family Size
X
B.2.2 Family Formation and Dissolution
- Marital Status of the Population
X
- Marriage and Divorce Rates
X
- Marriages Ending in Divorce
X
B.2.3 Attitudes Towards Family Life
X
Part 3-Health
B.3.1 Life Expectancy
- At Birth
- At Selected Ages
- Death Rates by Cause
X
- Leading Causes of Death
X X X X X
- Infant Mortality
X
B.3.2 Disability
- Days of Disability by Type
X
- Institutionalized Population
X
- Disability by Degree of Limitation and Cause
X
- Short-Term Disability
X
B.3.3 Morbidity
- Communicable Diseases
X
- Acute Illness
X
B3.4 Health Status
Nutrition
Dietary Intake
Clinical Measurements
X X X
- Obesity
- Drugs
Drug Deaths
X
Drug Abuse Episodes
X
Liquor Consumption
X
- Smoking
X
- Physical Fitness
X
- Perceived Health Status
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.3.5 Health Care Delivery
- Physician and Dental Visits
X
- Costs and Expenditures
X
- Facilities
X
- Personnel
X
- Attitudes Towards Health Care
X
Part 4-Education
B.4.1 Educational Achievement by Sex, Race, Socioeconomic Status, Region
- Math, Science, Reading, Writing
X
- Music, Art, Literature, Citizenship
X
B.4.2 Attainment
- High School Graduation Rate
X
- The High School Educated Population by Race and Sex
X
- College Educated Population by Race and Sex
X
B.4.3 School Enrollment
- Primary and Secondary School
X
- Preprimary by Age, Race, Income
X
- Modal Age Enrollment by Sex, Race
X
- High School Students Expecting to go to College
X
- College Entrance Rates by Sex, Race, Socioeconomic Status
X
- College Enrollment
X
- Participation in Adult Education
X
B.4.4 Educational Facilities and Personnel
- Schools, Classrooms
X
- Teachers, Administrative, Others
X
B.4.5 Costs and Expenditures
- Expected Student Expenses, Higher Education
X
- Expenditures by Level of Government
X
Part 5-Work
B.5.1 Labor Force, Employment and Unemployment
- Labor Force Participation, Selected Characteristics
X
- Part-time, Part-year Workers, Selected Characteristics
X
- Employment by Occupation, Selected Characteristics
X
- Unemployment, Selected Characteristics
X
X
- Discouraged Workers
X
B.5.2 Earnings
- Median Earnings, Selected Characteristics
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-General Social Indicators (Continued)
B.5.3 Working Conditions
- Regular and Overtime Hours, Selected Characteristics
X
- Work Injuries by Occupation
X
- Time, Distance, and Mode Transportation to Work
X
B.5.4 Benefits
- Vacations, Holidays
X
- Benefit Plans
X
B.5.5 Retirement
- Persons Retiring From Work
X
- Work-Life Expectancy
X
- Retirement Benefits
X
Part 6-Income, Consumption, and Wealth
B.6.1 Income Levels
- Median Family Income
X
- Composition of Family Income
X
- Per Capita Income
X
B.6.2 Distribution of Income
- Age, Race, and Sex
X
- Regional Differences
X
B.6.3 Poverty
X
B.6.4 Consumption
- Personal Consumption Expenditures
X
- Consumption of Durable Goods
X
B.6.5 Wealth
- Net Worth of Consumer Units
X
- Composition of Wealth
X
B.6.6 Consumer Borrowing and Debt
- Amount of Debt Outstanding
X
- Debt/Income Ratio
X
B.6.7 Consumer Attitudes
X
Part 7-Housing
B.7.1 Housing Conditions
- Average Size of Households
X
- Households Lacking Selected Facilities, by Size, Race, Tenure,
and Location
X
- Average Persons Per Room
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION B-Socioeconomic Series (Continued)
B.7.2 Home Tenure
- Single Family Dwellings
X
- Mobile Homes
X
- Condominiums and Other Multi-Unit Structures
X
- Vacation Homes
X
B.7.3 Cost and Expenditures
- Average Mortgage Payments
X
- Upkeep and Maintenance
X
- Average Rental Payments
X
B.7.4 Attitudes Towards Housing and the Community
X
Part 8-Leisure and Recreation
B.8.1 Use of Leisure Time
X
B.8.2 Recreation
- Outdoor (Social, Active Sports, etc)
X
- Indoor (Television, Visiting, Other)
X
X
Part 9-Public Safety
B.9.1 Crimes Known to Police
- Violent
X
X
- Property
X
X
B.9.2 Victims of Crime, Selected Characteristics
- Violent
X
- Property
X
B.9.3 Fear of Crime, Selected Characteristics
X
B.9.4 Police Activity
- Persons Arrested by Charge
X
- Offenses Cleared
X
B.9.5 Judicial Activity
- Persons Sentenced for Federal Crimes
X
B.9.6 Prisoners, Adults and Juveniles
- Prisoners by Sentence
X
- Average Length of Sentence
X
- Persons Executed and Sentenced to Death
X
- Average Prison Population
X
B.9.7 Expenditures for Administration of Criminal Justice
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity
Part 1-Social Welfare and Security
C.1.1 Social Security (OASDHI)
- Current Beneficiaries
- New Beneficiaries
- Average Payment
C.1.2 Old Age Assistance
- Benefits Paid
- Recipients
C.1.3 Aid to the Disabled
- Blind
- Deaf
- Other
C.1.4 Aid to Families With Dependent Children
- Recipients
- Benefits
C.1.5 Unemployment Insurance Coverage
- Benefits Paid
- Recipients
C.1.6 Housing Assistance
X X X X X X X X X X X X X X X
- Recipients
- Benefits
C.1.7 Food Stamps
- Recipients
- Benefits
X
C.1.8 Aid to Disaster Victims
- Recipients
X
- Benefits
X
C.1.9 Veterans Benefits
- Recipients
X
- Benefits
X
Part 2-Equal Opportunity
C.2.1 Equal Employment Opportunity
- Minority Employment
X
- Earnings, Promotions, etc.
X
C.2.2 School Desegregation
- Students Attending Predominantly Minority Schools
X
- Public/Private Enrollment, and Control
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION C-Government Activity (Continued)
Part 3-Government Operation
C.3.1 Federal Employment
- Employees
X
- Payroll
X
C.3.2 State and Local Employment
- Employees
X
- Payroll
X
SECTION D-Environment, Science, Culture
Part 1-Environment
D.1.1 Air Quality
- Amount of Pollutants Released Into the Atmosphere
X
- Ambient Air Quality-National, Major Cities
X
- Perceived Quality
X
D.1.2 Water Quality
- Miles of Streams Meeting EPA Standards
X
- Oil Spills, Fish Kills
X
D.1.3 Hazardous Substances
- Estimated Amounts Produced
X
- Concentration in Biosphere
X
D.1.4 Ecological Balances
- Endangered Species (Plant and Animal)
X
- Critical Areas (Coastal Zones)
X
- Land/People Density
X
Part 2-Science
D.2.1 Professionals in Basic Research
- By Specialty
X
- Person Years of Scientists, Engineers Engaged in R&D
X
D.2.2 Expenditures for Research and Development
- Private Industry
X
- Government
X
D.2.3 Science Achievement in Schools
- Secondary Schools
X
- Higher Education
X
Week of August 4, 1975
TABLE OF CONTENTS-Continued
SERIES
WEEKLY
MONTHLY
QUARTERLY
ANNUAL
OTHER
SECTION D-Environment, Science, Culture
D.2.4 Public Attitudes Towards Science and Technology
X
Part 3-Culture
D.3.1 Persons Employed in Artistic Professions
- By Type
X
D.3.2 Children's Skill and Appreciation of Literature Arts, Music
X
D.3.3 Participation in Cultural Activities
- Voluntary Organizations
X
- Travel
X
- Hobbies, Sports, Music, etc.
X
D.3.4 Attendance at Cultural Events
- Plays, Galleries, Motion Pictures
X
- Concerts, Museums, etc.
X
A.1.4 - Federal Budget Receipts and Outlays
(Fiscal Year)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NET OUTLAYS
$325.1
N/A
21.1%
BILLIONS
NET RECEIPTS - - -
$280.9
N/A
6.0%
BILLIONS
OF DOLLARS
OF DOLLARS
330
330
310
310
290
290
270
270
250
250
230
230
210
210
SURPLUS
190
190
170
170
DEFICIT
150
150
130
130
110
110
90
90
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975
SOURCE: DEPARTMENT OF THE TREASURY
GERALD FORD LIBRARY
4 AUGUST 1975
A.1.4 - Budget Outlays By Selected Agency
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
DEFENSE
$87.5
N/A
10.3%
HEALTH, EDUCATION,
-
$112.4
N/A
20.0%
BILLIONS
AND WELFARE
BILLIONS
OF
DOLLARS
LABOR
$17.6
N/A
96.3%
OF DOLLARS
120
120
105
105
90
90
75
75
60
60
45
45
30
30
15
15
0
0
1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975
SOURCE: DEPARTMENT OF THE TREASURY
4 AUGUST 1975
The Federal Government spent $44.21 billion more than it collected in the year
ended June 30, 1975.
Biggest budget deficit since $47.47 billion in 1945.
Fiscal 1975 Receipts tapered off from the 1974 pace, while Outlays increased at a
faster rate.
Receipts, which rose 14.1 percent in 1974, increased only 6.0 percent in 1975.
Outlays, which were up 8.9 percent in 1974, rose 21.1 percent in 1975.
The Department of Health, Education and Welfare accounted for more than
one-third of Total Outlays in fiscal 1975.
The Labor Department almost doubled its 1974 expenditures of $9.0 billion.
Outlays of the Department of Defense rose 10.3 percent over last year.
FORD & LIBRARY GERALD
A.2.1 - Unemployment Rate
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
ALL WORKERS, TOTAL
8.4
-2.3%
58.5%
HOUSEHOLD HEADS
6.0
-1.6%
100.0%
MARRIED MEN
-
5.4
-5.3%
100.0%
PERCENT
PERCENT
10
10
9
9
8
8
7
7
6
6
5
5
4
4
3
3
2
2
1
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
GERALD FORD LIBRARY
4 AUGUST 1975
A.2.1 - Civilian Labor Force and Employment
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL CIVILIAN LABOR FORCE
92.9
0.6%
1.8%
TOTAL CIVILIAN EMPLOYMENT
85.1
0.8%
-1.5%
MILLIONS
MILLIONS
100
100
95
95
90
90
85
85
80
80
75
75
70
70
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
The Unemployment Rate declined for the second consecutive month after reaching
a high of 9.2 percent in May.
Nearly all worker groups shared in the decline.
Employment rose markedly in July to 85.1 million, 'highest since December.
The Civilian Labor Force also exhibited strong growth with a return to May's level
of 92.9 million.
FORD & GERALD LIBRARY
A.2.1 - Unemployment Rate by Age, Sex, and Race
Race
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEGRO AND OTHER RACES
13.0
-5.1%
38.3%
WHITE
7.9
0.0%
64.6%
PERCENT
PERCENT
15
15
13
13
11
11
9
9
7
7
5
5
3
3
1971
1972
1973
1974
1975
Age and Sex
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TEENAGERS, TOTAL
19.1
-0.5%
17.9%
ADULT FEMALES, TOTAL
7.9
-2.5%
51.9%
ADULT MALES, TOTAL
---
7.0
0.0%
94.4%
PERCENT
PERCENT
22
22
18
18
14
14
10
10
6
6
2
1971
1972
1973
1974
1975
GERAL, FORD 2 LIBRARY
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
A.2.1 - Unemployment Rate by Age, Sex, and Race
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
ADULT FEMALES, NEGRO
10.8
-7.7%
35.0%
AND OTHER RACES
PERCENT
ADULT MALES, NEGRO
-
-
11.4
-4.2%
93.2%
PERCENT
AND OTHER RACES
12.5
12.5
10.5
10.5
8.5
8.5
6.5
6.5
4.5
4.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
The Unemployment Rate for Negro and Other Races showed greater improvement
than for Whites.
Rates dropped most sharply among Teenagers and Adult Women.
The rate for Adult Men was close to the second quarter average.
Notable decreases were registered in the rates for Adult Females and Adult Males of
Negro and Other Races.
FORD & LIBRARY GERALD
A.2.1 - Unemployment Rate by Industry
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
AGRICULTURAL
8.4
-20.0%
9.1%
MANUFACTURING - -
11.1
-7.5%
113.5%
FINANCE AND SERVICE
6.3
-4.5%
43.2%
GOVERNMENT - - -
4.3
10.3%
43.3%
PERCENT
PERCENT
14
14
12
12
10
10
8
8
6
6
4
4
2
2
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STSTISTICS
4 AUGUST 1975
FORD & LIBRARY GERALD
A.2.1 - Unemployment Rate by Occupation
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
OPERATIVE
12.9
-7.9%
101.6%
BLUE COLLAR
12.1
-4.0%
95.2%
WHITE COLLAR
4.8
0.0%
45.5%
PERCENT
PERCENT
16
16
14
14
12
12
10
10
8
8
6
6
4
4
2
2
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
Unemployment in the Private Sector decreased.
Manufacturing Unemployment declined 7.5 percent, the first significant decline
in over a year.
Agricultural Unemployment has dropped one-third since April.
Finance and Service Unemployment has decreased 12.5 percent since May.
Government was the only category which increased.
Among the Occupational Groups the rate for Blue-collar workers fell to 12.1 percent
in July, after peaking at 13.0 percent in May.
Operatives was the major factor in the decrease.
White-collar Unemployment remained unchanged.
FORD & LIBRARY 678470
A.2.2 - Duration of Unemployment
Number of Workers Unemployed
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
LESS THAN 5 WEEKS
2,823
4.9%
14.2%
5 TO 14 WEEKS
2,120
-15.1%
39.3%
15 WEEKS AND OVER
2,998
3.9%
223.4%
THOUSANDS
THOUSANDS
4000
4000
3500
3500
3000
3000
2500
2500
2000
2000
1500
1500
1000
1000
500
500
0
0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
FORD & LIBRARY
A.2.2 - Average Duration of Unemployment
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
AVERAGE DURATION
15.4
0.0%
5.3%
WEEKS
WEEKS
18
18
16
16
14
14
12
12
10
10
8
8
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
Long-term unemployment continued to increase in July, now comprising 3.2
percent of the labor force, more than triple the rate of a year earlier.
The number of workers jobless 15 weeks or longer rose by 110,000 over the
month to a level of 3.0 million.
The average duration remained unchanged from the June level.
June level highest in 13 years.
A.2.4 - Labor Turnover Rates in Manufacturing
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL SEPARATION RATE
3.9
-4.9%
1
-13.3%
TOTAL ACCESSION RATE ---
3.6
-2.7%
-18.2%
PERCENT
PERCENT
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
5.0
5.0
4.5
4.5
4.0
4.0
3.5
3.5
3.0
3.0
2.5
2.5
2.0
2.0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
FORD & GERALD LIBRARY
A.2.4 - Components of Labor Turnover
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NEW HIRES
2.0
11.1%
-39.4%
QUITS
1.5
15.4%
-42.3%
LAYOFFS - -
2.0
-20.0%
81.8%
PERCENT
PERCENT
4.5
4.5
3.5
3.5
2.5
2.5
1.5
1.5
0.5
0.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
Total Accessions declined for the second consecutive month to 3.6 percent.
New Hires rose for the third consecutive month to a rate of 2.0 percent.
The movement in Accessions and New Hires suggests a considerable decrease in
recalls compared to previous months in 1975.
Total Separations continued to decline - down 36.1 percent from post-World War II
high reached in December.
Quits rose for the second month in a row.
Layoffs contined to decline.
Down 42.9 percent from a high of 3.5 percent in January.
Lowest level since October 1974 when 1.9 percent were laid off.
FORD & LIBRARY GERALD
A.2.5 - Index of Help-Wanted Advertising
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
HELP-WANTED INDEX
79
11.3%
-31.9%
INDEX
INDEX
140
140
130
130
120
120
110
110
100
100
90
90
80
80
70
70
60
60
1971
1972
1973
1974
1975
SOURCE: THE CONFERENCE BOARD
FORD & CERALD LIBRANT
4 AUGUST 1975
The Help-Wanted Advertising Index rose to 79 in June, a gain of 8 points (11.3
percent) over the May level.
Highest since December 1974.
Down almost 32 percent from last year.
This marks the first significant increase since the Index began to decline sharply in
July 1974.
FORD & LIBRARY GERALD
A.3.1 - Average Workweek
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MANUFACTURING
39.5
1.0%
-2.9%
CONTRACT CONSTRUCTION
36.4
2.0%
-1.4%
AVERAGE
PRIVATE NONAGRICULTURAL- - -
36.1
0.3%
-1.6%
AVERAGE
WEEKLY HOURS
WEEKLY HOURS
42
42
41
41
40
40
39
39
38
38
37
37
36
36
35
35
34
34
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
FORD is LIBRARY 07V835
Contract Construction had its largest increase in average workweek since the March
increase of 5 percent.
Private Nonagricultural Average Workweek edged up one-tenth of an hour over June.
Average Workweek for Manufacturing continued to rise for the third consecutive
month showing the largest percentage increase since October 1971.
FORD & DERALD LIBRARY
A.3.2 - Average Hourly Earnings of Production Workers
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CONTRACT CONSTRUCTION- - -
$7.28
1.5%
7.9%
MANUFACTURING
$4.78
0.4%
7.9%
TOTAL PRIVATE NONAGRICULTURAL
$4.51
0.2%
6.9%
SERVICES
$3.97
-0.8%
6.2%
DOLLARS
DOLLARS
7.5
7.5
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
5.0
5.0
4.5
4.5
4.0
4.0
3.5
3.5
3.0
3.0
2.5
2.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
FORD in DERALD LIBRARY
Preliminary estimates indicate that Contract Construction, up 9 cents, made the
largest gain in average hourly earnings in the private sector.
Total Private Nonagricultural and Manufacturing both showed slight increases in
July.
Services dropped slightly in July - - 3 cents per hour.
FORD & 07V830 LIBRARY
A.3.3 - Indexes of Output Per Hour
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MANUFACTURING
125.9
-0.5%
-3.0%
TOTAL PRIVATE ECONOMY- -
-
111.3
0.5%
-1.3%
PRIVATE NONFARM
109.8
0.8%
-1.1%
INDEX
INDEX
135
135
130
130
125
125
120
120
115
115
110
110
105
105
100
100
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
FORD & 0ERALD LIBRARY
Productivity (output per hour) in the Private Economy in the second quarter of
1975 rose at a 2.0 percent annual rate.
First quarterly increase since the second quarter of 1974.
Largest increase since the first quarter of 1973.
In the Private Nonfarm Sector, Productivity increased 3.3 percent.
First increase since the first quarter of 1973.
In manufacturing, productivity declined 1.8 percent in the second quarter,
compared with a 7.9 percent decline in the preceding quarter.
Fourth consecutive quarterly decline.
FORD & GERALD LIBRARY
A.3.5 - Man-Days Idle As A Result of Work Stoppages
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
MILLIONS
MAN-DAYS IDLE
4.62
-6.2%
-33.4%
MILLIONS
OF DAYS
OF DAYS
8.0
8.0
7.5
7.5
7.0
7.0
6.5
6.5
6.0
6.0
5.5
5.5
5.0
5.0
4.5
4.5
4.0
4.0
3.5
3.5
3.0
3.0
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
FORD is GERALD LIBRAKI
4 AUGUST 1975
A.3.5 - Number of Work Stoppages
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
IN EFFECT DURING MONTH
990
7.7%
-16.6%
NUMBER
BEGINNING IN MONTH
---
648
4.7%
-4.3%
NUMBER
OF STOPPAGES
OF STOPPAGES
1300
1300
1100
1100
900
900
700
700
500
500
300
300
100
100
1971
1972
1973
1974
1975
SOURCE: BUREAU OF LABOR STATISTICS
4 AUGUST 1975
All measures of work stoppage activity in the first 6 months of 1975 were lower
than the levels in 1974.
A total of 17.2 million days of idleness has been recorded in 1975, some 3.6
million fewer than in the first half of 1974.
Number of strikes dropped 15 percent.
Number of workers involved in stoppages in the first half of 1975 declined 40
percent compared to first half of 1974.
The only measure of strike activity that increased from May to June was the number
of stoppages.
Man days idle decreased 6 percent.
Workers involved in stoppages decreased 4 percent.
Construction Industry accounted for all 10 of the large strikes.
Accounted for 28 percent of total days of idleness.
FORD & GERALD LIBRARY
A.4.4 - Manufacturers' Shipments, Inventories and Orders
All Manufacturing
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL INVENTORIES
$148.1
-0.6%
10.9%
UNFILLED ORDERS
$120.9
-0.4%
-7.8%
NET NEW ORDERS
$79.8
1.7%
-6.3%
BILLIONS
SHIPMENTS
$80.3
1.4%
-1.1%
BILLIONS
OF DOLLARS
OF DOLLARS
170
170
160
160
150
150
140
140
130
130
120
120
110
110
100
100
90
90
80
80
70
70
60
60
50
50
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
FORD i GERALD LIBRARY
A.4.4 - Inventories By Stage of Fabrication Manufacturing
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
WORK-IN-PROCESS
$49.4
0.2%
6.9%
FINISHED GOODS
$46.8
-0.4%
15.8%
BILLIONS
MATERIALS AND SUPPLIES -
$51.8
-1.5%
10.2%
BILLIONS
OF DOLLARS
OF DOLLARS
60
60
55
55
50
50
45
45
40
40
35
35
30
30
25
25
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
New Orders increased for the third consecutive month.
For the 3 months ending in June the average monthly increase in New Orders
was 2.7 percent compared with a decrease of 1.1 percent in the first quarter
and a 4.2 percent decrease in the fourth quarter.
Shipments moved up 1.4 percent after declining in May.
Unfilled Orders dropped for the ninth consecutive month.
The decline of 0.4 percent was the smallest since the decline began in October,
1974.
The rate of Inventory Liquidation slowed somewhat in June.
Inventories down 0.6 percent, the smallest decline since March.
BERALD FORD LIBRARY
81.9 percent of the Total Inventory decline since February is accounted for by
drops in Inventories of Materials and Supplies.
A.4.4 - Manufacturers' Shipments, Inventories and Orders
Durable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
UNFILLED ORDERS
$116.8
-0.6%
-7.4%
TOTAL INVENTORIES
$98.8
-0.6%
13.0%
NET NEW ORDERS
$39.3
0.4%
-16.0%
BILLIONS
SHIPMENTS
-
$40.0
0.3%
-6.5%
BILLIONS
OF DOLLARS
OF DOLLARS
150
150
130
130
110
110
90
90
70
70
50
50
30
30
10
10
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
LIBRATY GERALD ? FORD
A.4.4 - Inventories
Selected Durable Goods Industries
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
ELECTRICAL MACHINERY
$13.6
-1.4%
-0.7%
PRIMARY METALS
$14.3
1.4%
40.2%
BILLIONS
FABRICATED METAL PRODUCTS
$11.4
-2.6%
15.2%
BILLIONS
OF DOLLARS
OF DOLLARS
15
15
13
13
11
11
9
9
7
7
5
5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
Both Shipments and Net New Orders of Durable Goods increased slightly during
June.
Most Industry Groups remained at or near May levels.
Durable Goods Inventories decreased a further 0.6 percent in June.
The decline was led by Electrical Machinery and Fabricated Metal Products.
In contrast, Primary Metals Inventories rose 1.4 percent and stand more than 40
percent above a year ago.
FORD & 0ERALD LIBRARY
A.4.4 - Manufacturers' Shipments, Inventories and Orders
Nondurable Goods
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL INVENTORIES
$49.3
-0.6%
6.7%
BILLIONS
SHIPMENTS
$40.3
2.8%
4.9%
BILLIONS
OF DOLLARS
OF DOLLARS
60
60
50
50
40
40
30
30
20
20
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
FORD is LIBRARE OFRALD
4 AUGUST 1975
A.4.4 - Manufacturers' Shipments
Selected Nondurable Goods Industries
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
FOOD
$13.7
2.2%
12.3%
CHEMICALS
$6.9
4.5%
3.0%
BILLIONS
PETROLEUM & COAL PRODUCTS
$5.3
3.9%
8.2%
BILLIONS
OF DOLLARS
OF DOLLARS
15
15
12
12
9
9
6
6
3
3
0
0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
Inventory Liquidation in Nondurable Goods Industries slowed considerably from
the previous month.
With the exception of Food and Kindred Products, which decreased 3 percent,
all Industry Groups remained at or near May levels.
Shipments of Nondurable Goods moved up sharply, led by:
Chemicals
Petroleum and Coal Products
Food and Kindred Products
FORD & GERALD LIBRARY
A.5.1 - Exports and Imports
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL EXPORTS
$8.69
6.7%
4.5%
TOTAL IMPORTS
-
- -
$6.95
-2.0%
-18.9%
BILLIONS
IMPORTS EXCLUDING PETROLEUM
$5.55
6.3%
-9.1%
BILLIONS
OF DOLLARS
OF DOLLARS
10
10
A
9
9
8
8
7
7
6
6
5
5
4
4
3
3
2
2
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
FORD & DERALD LIBRARI
4 AUGUST 1975
A.5.1 - Merchandise Trade Balance
(Excluding Military Assistance)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
TRADE BALANCE
$1.74
$.69
$1.99
BILLIONS
OF DOLLARS
OF DOLLARS
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
-0.5
-0.5
-1.0
-1.0
-1.5
-1.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
Total Exports increased in June by 6.7 percent, the first increase since January,
1975.
Total Imports declined in June by 2.0 percent to a level of $6.9 billion, the lowest
since January, 1974.
Non oil imports increased $330 million, the first increase since December 1974.
Merchandise Trade Balance soared to a record $1.7 billion surplus in June, the
highest in history.
June is the fifth consecutive month for which a Merchandise Trade surplus has
been recorded.
R.
GERALD
FORD
A.5.1 - Exports of Non-Agricultural Commodities and Components
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
NONAGRICULTURAL
$7.15
9.3%
11.5%
NONELECTRICAL MACHINERY
---
$1.81
7.4%
34.9%
BILLIONS
TRANSPORT EQUIPMENT
$1.54
22.2%
18.4%
BILLIONS
OF DOLLARS
OF DOLLARS
7.5
7.5
6.5
6.5
5.5
5.5
4.5
4.5
3.5
3.5
2.5
2.5
1.5
1.5
0.5
0.5
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
GERALD R. FORD LIBRARI
A.5.1 - Imports of Petroleum and Petroleum Products
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
BILLIONS
PETROLEUM IMPORTS
$1,405
-25.0%
-43.2%
BILLIONS
OF DOLLARS
OF DOLLARS
3.5
3.5
3.0
3.0
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
Non-Agricultural Exports posted the largest increase since the December 1971
advance of 21 percent.
Nonelectrical Machinery and Transport Equipment accounted for approxi-
mately four-fifths of the June rise.
Nonelectrical Machinery 30 percent.
Transport Equipment 50 percent.
Petroleum Imports declined $478 million from May to June.
Administration officials attribute the sharp drop in imports of oil to the
$1-a-barrel tariff increase.
GERALD R. FORD LIBRANZI
A.7.2 - Value of New Construction Work Done
In Current and Constant Dollars
Seasonally Adjusted Annual Rate
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CURRENT DOLLARS
$121.2
0.8%
-11.5%
BILLIONS
CONSTANT DOLLARS
$63.6
0.0%
-19.7%
BILLIONS
OF DOLLARS
OF DOLLARS
150
150
140
140
130
130
120
120
110
110
100
100
90
90
80
80
70
70
60
60
50
50
1971
1972
1973
1974
1975
Private Nonresidential Buildings
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL
$25.3
-1.6%
-17.0%
BILLIONS
OFFICE
$4.8
-7.7%
-23.8%
BILLIONS
OF DOLLARS
OF DOLLARS
35
35
30
30
25
25
20
20
15
15
10
10
5
5
0
1972
1973
1974
1975
GE 0 R. FORD LIBRATA
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
A.7.2 - Value of New Construction Work Done
Private Residential Structures
Seasonally Adjusted Annual Rate
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
TOTAL
$38.8
3.7%
-19.7%
BILLIONS
1 UNIT STRUCTURES
$23.5
7.3%
-6.4%
BILLIONS
OF DOLLARS
OF DOLLARS
65
65
55
55
45
45
35
35
25
25
15
15
1971
1972
1973
1974
1975
SOURCE: BUREAU OF THE CENSUS
4 AUGUST 1975
Construction Spending in current dollars recorded an increase of 0.8 percent, after
declining almost 8 percent since January.
However, in constant dollar terms, there was no change from the May level.
Halted a 5 month decline.
After remaining at the same level in May, Private Nonresidential Building
Construction dropped 1.6 percent in June.
Lowest rate since December 1972.
Office Buildings dropped 7.7 percent and have declined in 5 of the past 7
months.
Private Residential Structures rose 3.7 percent-second consecutive monthly
increase.
One Unit Structures, which have been increasing steadily since March, climbed
7.3 percent:
FORD R. DERALO LIBRA
A.9.1 - Index of Prices Received and Paid By Farmers
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
PRICES PAID
186
0.5%
10.7%
PRICES RECEIVED
187
2.7%
6.9%
ALL FARM PRODUCTS
---
INDEX
INDEX
250
250
225
225
200
200
175
175
V
150
150
125
125
100
100
1971
1972
1973
1974
1975
SOURCE: U.S. DEPARTMENT OF AGRICULTURE
4 AUGUST 1975
2019 GERALD ? FORD
A.9.1 - Prices Received By Farmers
Selected Subgroups
(1967=100)
(Not Seasonally Adjusted)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
POTATOES, ETC.
328
14.3%
10.4%
FOOD GRAINS
224
12.6%
-21.4%
INDEX
INDEX
410
410
355
355
300
300
245
245
190
190
135
135
80
80
1971
1972
1973
1974
1975
SOURCE: DEPARTMENT OF AGRICULTURE
4 AUGUST 1975
The Index of Prices Received By Farmers increased 5 points up to a level of 187, 1
point above prices paid.
First time Prices Received was greater than prices paid since November 1974.
The increase in the Index of Prices Received was broad-based. The largest
contributors were:
Food Grains up 12.6 percent.
Potatoes, Sweetpotatoes and Dry Beans up 14.3 percent.
FORD & GERALD LIBRARY
A.11.1 - Composite Index of Leading Indicators
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
INDEX OF LEADING INDICATORS
98.3
1.9%
-13.5%
INDEX
INDEX
130
130
125
125
120
120
115
115
110
110
105
105
100
100
95
95
90
90
85
85
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
4 AUGUST 1975
FORD & GERALD LIBRARY
A.11.1 - Composite Index
Selected Components
(1967=100)
THIS
CHANGE
CHANGE
PERIOD
LAST PER.
YEAR AGO
CHANGE IN TOTAL
0.89%
17.1%
-4.3%
LIQUID ASSETS
PERCENT
PERCENT
1.20
1.20
1.00
1.00
0.80
0.80
0.60
0.60
0.40
0.40
0.20
0.20
1971
1972
1973
1974
1975
SOURCE: BUREAU OF ECONOMIC ANALYSIS
4 AUGUST 1975
The new Composite Index of Leading Indicators increased for the fourth
consecutive month in June.
Highest level since October 1974 when it stood at 100.3.
Eight of the nine available indicators showed increases.
On the basis of more complete data, the May index has been revised upward to
96.5, 2.2 percent above the April figure.
The component contributing the most to the increase was the Change in Total
Liquid Assets (cash-term securities held by banks and thrift institutions).
Largest increase since June 1974 when a 0.93 percent increase was registered.
FORD & 03840 LIBRAN