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Weekly Briefing Notes, 8/18/1975
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Weekly Briefing Notes, 8/18/1975
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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-
Crime
Economics
Education
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Housing
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https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/ford/grf-0159/645221/36714168.pdf
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1975-08-31
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1975
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The original documents are located in Box 37, folder "Weekly Briefing Notes, 8/18/1975" 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 Gerald R. Ford donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections.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 # # = 4 # # # OFFICE OF THE VICE PRESIDENT WASHINGTON August 20, 1975 Mr. Baroody: Here is this week's copy of the Weekly Briefing Notes prepared for the President and the Vice President. Did Whin Dick Allison FORD is LIBRARY 074839 WEEKLY BRIEFING NOTES ON U.S. DOMESTIC DEVELOPMENTS Prepared for the President and the Vice - President FORD is LIBRARI GERALD AUGUST 18, 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 FORD SOURCES OF DATA Industrial Production Board of Governors of the Federal Reserve System, "Industrial Production and Related Data" G.12.3 Freight Car Shipments and Orders Association of American Railroads Retail Sales U.S. Department of Commerce, Bureau of the Census, "Monthly Retail Trade Report" Manufacturing and Trade Inventories and Sales U.S. Department of Commerce, Bureau of Economic Analysis, "Survey of Current Business" Housing Starts and Permits U.S. Department of Commerce, Bureau of the Census, "Construction Reports," Series C. Housing Completions U.S. Department of Commerce, Bureau of the Census, "Construction Reports," Serice C. Money Stock Board of Governors of the Federal Reserve System, Statistical Release H.6, "Money Stock Measures". Business Loans Small Business Administration, "Annual Report". Labor Union Membership U.S. Department of Labor, Bureau of Labor Statistics Physician Visits National Center for Health Statistics, Monthly Vital Statistics Report, "National Ambulatory Medical Care Survey". Health Care Facilities National Center for Health Statistics, National Health Survey, "Utilization of Short-Stay Hospitals - 1972". Week of August 18, 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 Production and Sales of Transportation Equipment 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 BERALD FORD LIBRARY 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 A.6.3 Tuesday Spot Market Price Index X Week of August 18, 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) - Population Projections BERALD FORD VIBRARY X 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 X Week of August 18, 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 X - At Selected Ages X - Death Rates by Cause X X - Leading Causes of Death X - Infant Mortality X 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 X Clinical Measurements X - Obesity X - Drugs Drug Deaths X Drug Abuse Episodes X Liquor Consumption X - Smoking X - Physical Fitness X - Perceived Health Status X Week of August 18, 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 GERALD GERALD # FORD 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 - Labor Union Membership X B.5.2 Earnings - Median Earnings, Selected Characteristics X Week of August 18, 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 8.6.5 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 18, 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 18, 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 X - New Beneficiaries X - Average Payment X C.1.2 Old Age Assistance - Benefits Paid X - Recipients X C.1.3 Aid to the Disabled - Blind X - Deaf X - Other X C.1.4 Aid to Families With Dependent Children - Recipients X - Benefits X C.1.5 Unemployment Insurance Coverage - Benefits Paid X - Recipients X C.1.6 Housing Assistance - Recipients X - Benefits X C.1.7 Food Stamps - Recipients X - 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 18, 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 18, 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 SECTION E-Selected Subjects A.4.1 - Industrial Production Index (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO MATERIALS 105.6 0.5% -17.5% TOTAL 110.8 0.5% -11.7% PRODUCTS 113.9 0.4% -8.1% INDEX INDEX 135 135 130 130 125 125 120 120 115 115 110 110 105 105 STLD FORD LIBOR 100 100 1971 1972 1973 1974 1975 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 18 AUGUST 1975 Industrial Production moved up 0.5 percent in July, the second consecutive monthly increase. The first back-to-back increase since May-June, 1974. Both Products and Materials continued to gain. The advance continued to be led by industries producing Consumer Goods and Nondurable Materials. The decline in production of Business Equipment and Durable Materials continues unabated. FORD & LIBRARY GERALD A.4.1 - Industrial Production Index Components of Products (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CONSUMER GOODS 123.4 1.1% -5.1% FINAL PRODUCTS 114.3 0.4% -6.9% EQUIPMENT 101.6 -0.8% -10.1% INDEX INDEX 140 140 130 130 120 120 110 110 100 100 90 90 80 80 1971 1972 1973 1974 1975 Components of Consumer Goods (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO CONSUMER DURABLES 115.5 2.4% -12.3% AUTOS 97.7 4.8% -3.7% INDEX INDEX 150 150 140 140 130 130 120 120 110 110 100 100 90 90 80 80 70 70 60 60 50 ERALD 50 1971 1972 1973 1974 1975 LIBRA SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 18 AUGUST 1975 A.4.1 - Industrial Production Index Components of Equipment (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BUSINESS EQUIPMENT 112.7 -1.5% -14.2% INDUSTRIAL EQUIPMENT 112.1 -1.6% -14.0% INDEX INDEX 140 140 130 130 120 120 110 110 100 100 90 90 1971 1972 1973 1974 1975 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 18 AUGUST 1975 Output of Final Products gained 0.4 percent. A 1.1 percent gain in Consumer Goods outweighed a 0.8 percent decline in Equipment. Consumer Durables were up for the fifth month in a row, largely on the strength of a 4.8 percent increase in. Autos. Business Equipment continued a 10 month slide, dropping a further 1.5 percent. FORD & LIBRARY 678870 14.8 percent below the September, 1974 peak. Industrial equipment, the major factor in the decline, decreased 1.6 percent. A.4.1 - Industrial Production Index (1967=100) Durable Materials THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO DURABLE MATERIALS 98.4 -0.6% -21.8% INDEX INDEX 150 150 140 140 130 130 120 120 110 110 100 100 90 90 1971 1972 1973 1974 1975 Components of Durable Materials THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO IRON AND STEEL 86.8 -0.2% -27.6% CONSUMER DURABLE PARTS 92.0 2.9% -21.53 EQUIPMENT PARTS 95.8 -2.0% -20.6% INDEX INDEX 135 135 125 125 115 115 105 105 95 95 85 85 75 75 ORD 65 65 1971 1972 1973 1974 1975 RAL SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 18 AUGUST 1975 A.4.1 - Industrial Production Index Nondurable Materials (1967=100) THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TEXTILES, PAPER & CHEMICALS 118.9 2.3% -17.2% NONDURABLE MATERIALS 113.9 2.0% -13.1% INDEX INDEX 150 150 140 140 130 130 120 120 110 110 100 100 90 90 1971 1972 1973 1974 1975 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM 18 AUGUST 1975 Production of Durable Materials matched June's performance, dropping another 0.6 percent. Continued declines in Equipment Parts and Other Durable Materials (including Iron and Steel) more than offset a 2.9 percent increase in output of Consumer Durable Parts. Nondurable Materials increased for the fourth straight month. Textiles, Paper, and Chemical materials continued to recover, increasing 2.3 percent. GERALD R. FORD A.4.3 - Freight Car Shipments and New Orders Not Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO SHIPMENTS 6.8 12.8% 17.1% NEW ORDERS 0.6 -65.2% -90.7% THOUSANDS THOUSANDS 15.5 15.5 14.0 14.0 12.5 12.5 11.0 11.0 9.5 9.5 8.0 8.0 6.5 6.5 5.0 5.0 3.5 3.5 2.0 2.0 0.5 0.5 1971 1972 1973 1974 1975 GERALD LIBRARY SOURCE: ASSOCIATION OF AMERICAN RAILROADS 18 AUGUST 1975 A.4.3 - Freight Cars on Order Not Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO ON ORDER 61.6 -10.4% -32.1% THOUSANDS THOUSANDS 105 105 90 90 75 75 60 60 45 45 30 30 15 15 1971 1972 1973 1974 1975 SOURCE: ASSOCIATION OF AMERICAN RAILROADS 18 AUGUST 1975 Railroads ordered only 631 freight cars in June, down 65 percent from the 1,813 ordered in May. June total was the lowest since July 1958. Shipments were up 12.8 percent from May. Through most of the year, rail car makers have been shipping new freight cars to customers at a monthly rate of more than 6,000, while new orders have been at a rate of about 2,000 units. Backlog of orders, which rose to a high position in July 1974, has been steadily FORD & LIBRARY GERALD shrinking. A.4.6 - Retail Sales - Advance July Report THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL STORES $50.0 2.5% 7.8% TOTAL (EXCLUDING $40.6 1.3% 10.4% AUTOMOTIVE GROUP) NONDURABLE GOODS STORES $34.1 1.5% 8.6% BILLIONS DURABLE GOODS STORES - - - $15.9 4.5% 6.1% BILLIONS OF DOLLARS OF DOLLARS 55 55 50 50 45 45 40 40 35 35 30 30 25 25 20 20 15 15 10 10 5 5 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 18 AUGUST 1975 FORD & LIBRARY A.4.6 - Retail Sales Automotive Dealers THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BILLIONS AUTOMOTIVE DEALERS $9.3 7.9% -2.3% BILLIONS OF DOLLARS OF DOLLARS 10.0 10.0 9.5 9.5 9.0 9.0 8.5 8.5 8.0 8.0 7.5 7.5 7.0 7.0 6.5 6.5 6.0 6.0 5.5 5.5 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 18 AUGUST 1975 Retail Sales increased $1.2 billion (2.5 percent), the largest gain since July 1974. Since the recent low point in March, Retail Sales have risen 8.8 percent, or more than 2 percent a month. Durables were up 4.5 percent, compared with 1.5 percent for Nondurables. Slightly more than half of the $1.2 billion increase was due to Sales of Automotive Dealers. Rose 7.9 percent in July, compared with 5.1 percent in June. Largest gain since a 9.9 percent surge a year ago. FORD is LIBRARY GERALD A.4.8 - Manufacturing and Trade Sales THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL SALES $167.2 1.5% 1.3% SALES OF NONDURABLE GOODS $95.0 2.0% 6.7% BILLIONS SALES OF DURABLE GOODS $70.2 0.8% -0.5% BILLIONS OF DOLLARS OF DOLLARS 180 180 160 160 140 140 120 120 100 100 80 80 60 60 FO 40 40 1971 1972 1973 1974 1975 GERALD LIBRAKI SOURCE: BUREAU OF ECONOMIC ANALYSIS 18 AUGUST 1975 A.4.8 - Manufacturing and Trade Inventories THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL INVENTORIES $264.2 -0.2% 8.4% DURABLE GOODS $158.3 -0.5% 11.6% BILLIONS NONDURABLE GOODS $106.0 0.2% 4.0% BILLIONS OF DOLLARS OF DOLLARS 270 270 245 245 220 220 195 195 170 170 145 145 120 120 95 95 70 70 1971 1972 1973 1974 1975 SOURCE: BUREAU OF ECONOMIC ANALYSIS 18 AUGUST 1975 Manufacturing and Trade Sales increased $2.5 billion in June, for a total increase of 5.5 percent since the March low. Sales of Durable Goods increased 0.8 percent, yet remained virtually unchanged from year-end levels. Sales of Nondurable Goods, which increased 2.0 percent, accounted for about three-fourths of the total gain. Manufacturing and Trade Inventories decreased a further 0.2 percent, the sixth consecutive decline. Inventory liquidation of Durable Goods, down 0.5 percent, led the decline. FORD & LIBRARY GERALD Inventories of Nondurable Goods increased 0.2 percent, reversing a 5 month decline. A.7.1 - New Housing Units Completed Seasonally Adjusted at Annual Rates THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL 1,107 -12.5% -38.7% ONE UNIT STRUCTURES 735 -10.7% -30.2% STRUCTURES WITH 5 321 -14.4% -51.4% THOUSANDS UNITS OR MORE THOUSANDS OF UNITS OF UNITS 2250 2250 2000 2000 1750 1750 1500 1500 1250 1250 1000 1000 750 750 500 500 250 250 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS FORD & LIBRARY GERALD 18 AUGUST 1975 A.7.1 - New Housing Units Under Construction Not Seasonally Adjusted - End of Month THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL 1,079 0.2% -28.8% STRUCTURES WITH 5 485 -3.7% -41.9% UNITS OR MORE THOUSANDS ONE UNIT STRUCTURES 542 3.6% -10.9% THOUSANDS OF UNITS OF UNITS 1800 1800 1500 1500 1200 1200 900 900 600 600 300 300 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 18 AUGUST 1975 After a brief uptick in May, the total number of New Housing Units Completed declined in June to the lowest level since the data were first collected in January, 1968. Single-unit completions are the lowest since the March 1970 level of 715 thousand. Multi-unit Completions continue to establish new lows and have plunged 53.2 percent since last December. Housing Units Under Construction showed virtually no change from May. Single-Units advanced for the fourth consecutive month. FORD & LIBRARY OERALD The number of Housing Units in Structures with 5 Units or More continued its uninterrupted downward trend. Down 50.6 percent from high reached in August 1973. A.7.1 - Sales of New One-Family Homes Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO HOMES SOLD 556 -6.1% 6.1% CANNUAL RATES) HOMES FOR SALE 376 -1.6% -13.8% THOUSANDS (END OF MONTH) THOUSANDS OF UNITS OF UNITS 900 900 800 800 700 700 600 600 500 500 400 400 300 300 200 200 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 18 AUGUST 1975 FORD & CARALD LIBRARY A.7.1 - Prices of New One-Family Homes Not Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO THOUSANDS MEDIAN SALES PRICE $37.8 -4.3% 7.7% THOUSANDS OF DOLLARS OF DOLLARS 45 45 40 40 35 35 30 30 25 25 20 20 1971 1972 1973 1974 1975 SOURCE: BUREAU OF THE CENSUS 18 AUGUST 1975 Sales of New One-Family Homes in June declined for the first time since last December. Despite the 6.1 percent decline, Sales were still 6.1 percent above the year-ago level. The Inventory of Homes for Sale at the end of June declined 1.6 percent, the fourth consecutive decrease. The stock of 376 thousand homes is the equivalent of an 8.3 months' supply at the June rate of sales. The Median Sales Price dropped for the first time in 5 months. FORD & LIBRARY OFRALD First decline since January 1974 exceeding 4 percent. A.10.4 - Money Stock Measures Seasonally Adjusted THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO M5=M3 + LARGE NEGOTIABLE $1,139 0.8% 9.2% CERTIFICATES OF DEPOSIT M3=M2 + DEPOSITS OF $1,057 1.0% 10.1% NONBANK THRIFT INSTITUTIONS M2=M1 + TIME DEPOSITS AT $652 0.7% 8.7% COMM'L BANKS EXCL. LARGE CD'S M1=CURRENCY PLUS $295 0,2% 5.0% BILLIONS DEMAND DEPOSITS - - - - - BILLIONS OF DOLLARS OF DOLLARS 1200 1200 1100 1100 1000 1000 900 900 800 800 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 1971 1972 1973 1974 1975 SOURCE: BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYTEM LIBRARY GERALD R. FORD 18 AUGUST 1975 During July, all Money Stock Measures increased, but at lower rates than were experienced in June. In the 3-month period beginning in April the Money Stock has expanded at annual rates of: M1 + 10.3 percent M2 + 13.6 percent M3 + 15.7 percent M5 + 12.2 percent FORD is LIBRARY GERALD A.10.6 - Dollar Volume of Small-Firm Loans by the Small Business Administration THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BUSINESS LOANS $1,600 N/A -26.9% MILLIONS DISASTER LOANS $178 N/A -69.6% MILLIONS OF DOLLARS OF DOLLARS 2200 2200 2000 2000 1800 1800 1600 1600 1400 1400 1200 1200 1000 1000 800 800 600 600 400 400 200 200 0 0 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 SOURCE: SMALL BUSINESS ADMINISTRATION 18 AUGUST 1975 FORD & GERALD LIBRARY A.10.6 - Number of Small-Firm Loan Approvals By the Small Business Administration THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO BUSINESS LOANS 22.8 N/A -27.6% DISASTER LOANS 10.4 N/A -90.0% THOUSANDS THOUSANDS 200 200 160 160 120 120 80 80 40 40 0 0 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 SOURCE: SMALL BUSINESS ADMINISTRATION 18 AUGUST 1975 The Small Business Administration approved 22,804 Business Loans to small businesses in 1974 for a total of $1.6 billion. Down 27 percent from 1973's loan volume of $2.2 billion. Annual volume declined in 1974 for the first time in 8 years. The number and volume of Disaster Loans fell sharply in 1974. Volume down 86 percent from a record high of $1.2 billion in 1972 as a result of Hurricane Agnes. FORD & LIBRARY RRALD B.3.5 - Visits to Office-Based Physicians Per Person Per Year (May 1973 to April 1974) White Number of All Other Office Visits 50 5 40 4 38 37 3.4 32 31 3 27 26 2.4 2.4 2 15 1 0 All Ages Under 15 15 to 24 25 to 44 45 to 64 65 Years Years Years Years Years and Over Source: National Center for Health Statistics 18 August 1975 FORD & LIBRARY GERALD B.3.5 - Visits to Office-Based Physicians Per Person Per Year (May 1973 to April 1974) 9.7 2.5 Male Female SOURCE: NATIONAL CENTER FOR HEALTH STATISTICS 18 August 1975 There were an estimated 644.9 million office visits made to office-based, patient care physicians in the 48 coterminous United States during the period May 1973 to April 1974. An average rate of 3.1 office visits per person per year. For Whites the rate was a little over 3 visits per year, while for All Others the rate was a little over two and one-half. The annual number of office visits per person for both groups increased with age. The rates by age for both color groups were significantly different for children (under 15 years of age) and the elderly (65 years and over). FORD & LIBRARY GERALD During the one-year period women averaged over one more office visit than men. B.3.5 - Visits to Office-Based Physicians Per Person Per Year (May 1973 to April 1974) 3.4 2.5 Metropolitan Nonmetropolitan Areas Areas SOURCE: NATIONAL CENTER FOR HEALTH STATISTICS 18 August 1975 FORD & CERALD LIBRARI The rate of office visits was substantially higher during the one-year period in metropolitan areas (3.4 visits) than in nonmetropolitan areas (2.5 visits). However, there was no significant difference in the annual visit rate for the four major geographic regions. Rates were 3.1 in the Northeast, 3.0 in the North Central Region, 3.1 in the South, and 3.2 in the West. FORD & LIBRARY 03RA70 B.3.5 - Disposition of Office Visits (Percent of Visits) (May 1973 to April 1974) 61.2 21.4 12.7 9.4 No Follow-up Return at Return If Other Planned Specified Needed Time SOURCE: NATIONAL CENTER FOR HEALTH STATISTICS 18 August 1975 FORD is LIBRARI UERALD More than half the office visits made during the year resulted in recommendations to return at a specified time. About 20 percent warranted return visits if necessary. Nearly 10 percent resulted in other types of follow-up, such as telephoning, referral to other physician, or hospital admission. Only a little over 10 percent of the visits required no follow-up at all. FORD is LIBRARY B.3.5 - Discharges from Short-Stay Hospitals - 1972 (Number per 1,000 Population) All Persons Male Female (excluding deliveries] 361 999 312 177 174 180 155 149 156 128 144 74 82 65 91 All Ages Under 15 15 to 44 45 to 64 65 Years and Years Years Years Over B.3.5 - Average Length of Stay in Short-Stay Hospitals - 1972 (Number of Days) All Persons Male Female (excluding deliveries] 12.211.8 12.6 9.5 9,4 9.2 7.7 8.3 8.1 5.7 6.7 5.9 4.5 4.6 4.9 All Ages Under 15 15 to 44 45 to 64 65 Years and Years Years Years Over SOURCE: NATIONAL CENTER FOR HEALTH STATISTICS 18 August 1975 FORD & LIBRARY GERALD An estimated 31.6 million inpatients, with an estimated 245.1 million days of care and an average length of stay of 7.7 days per hospital episode were discharged from non-Federal short-stay hospitals in 1972. Rates of discharge ranged from 74 per 1,000 population for patients under age 15 (13.2 percent of all discharges) to 333 for patients aged 65 and over (21.0 percent of all discharges). The overall rate of discharge for females, excluding deliveries, was 16 percent higher than that for males. However, at the two age extremes (under 15 and 65 years and over) the rates for males were higher than that for females. Rates of discharge and length of stay increased with age. Patients 65 years and over had the highest rates of discharge and length of stay of any age group. FORD is LIBRARY GERALD of B.3.5 - Discharges from Short-Stay Hospitals - 1972 (Number per 1,000 Population) 166.3 160.7 154.9 145.3 139.3 All Regions Northeast North Central South West B.3.5 - Average Length of Stay in Short-Stay Hospitals - 1972 (Number of Days) 9.1 8.0 7.7 7.3 6.3 All Regions Northeast North Central South West SOURCE: NATIONAL CENTER FOR HEALTH STATISTICS FORD & LIBRARY GERALD 18 August 1975 In 1972, the North Central Region had the highest rate of short stay hospital discharges. However, average length of stay was highest in the Northeast. The West ranked lowest in both measures. FORD is LIBRARY 07V83 , B.5.1 - U.S. Union Membership THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO TOTAL LABOR FORCE 93.2 N/A 2.4% EMPLOYEES IN NONAGRICUL- 78.3 N/A 2.0% TURAL ESTABLISHMENTS TOTAL UNION MEMBERSHIP 20.1 N/A 1.4% MILLIONS MILLIONS 100 100 90 90 80 80 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 SOURCE: BUREAU OF LABOR STATISTICS PORD is LIBRARY GERAL 18 AUGUST 1975 B.5.1 - Percent of U.S. Union Membership THIS CHANGE CHANGE PERIOD LAST PER. YEAR AGO NONAGRICULTURAL ESTABLISHMENTS 25.7% N/A -0.4% TOTAL LABOR FORCE 21.6% N/A -0.9% PERCENT PERCENT 32 32 30 30 28 28 26 26 24 24 22 22 20 20 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 SOURCE: BUREAU OF LABOR STATISTICS 18 AUGUST 1975 Union Membership in the United States rose substantially-by 661,000-over the past 2-years compared with the 54,000 gain between 1970 and 1972. Membership grew at the fastest rate since the 1966-1968 period when the total rose by almost one million. FORD & LIBRARY 07V8 However, Employment grew even more rapidly, resulting in a slight decline since 1970 in the proportion of unionized workers in the Labor Force and in Nonagricul- tural Establishments. At the end of 1974, 21.6 percent of the U.S. workers were union members, well below the 23.6 percent recorded in 1960. The proportion of unionized workers in Nonagricultural Establishments dropped 22.2 percent from the 1960 level. B.5.1 - Union Membership by Employment Sector Private Sector (In Millions) 1964 1972 1974 18.98 18.65 16.47 8.34 6.92 9.13 9.45 9.51 8.13 Total Private Manufacturing Nonmanufacturing Sector Sector Sector Government (In Millions) 1964 1972 1974 2.91 2.46 1.45 1.54 1.36 1.37 1.11 0.90 0.55 Total Federal State and Local Government Government Government FORD is LIBRARY SOURCE: BUREAU OF LABOR STATISTICS 18 August 1975 B.5.1 - Union Membership of Selected Unions (In Millions) 1964 1972 1974 1.9 2.0 1.5 1.6 1.4 1.4 1.3 1.2 1.0 0.7 0.5 0.2 0.9 0.4 0.1 Teamsters State, Auto Teachers Steelworkers County Workers Employees SOURCE: BUREAU OF LABOR STATISTICS 18 August 1975 Union membership (both within and outside the U.S.) in the Private Sector rose 13.2 percent in the past 10 years. Up 1.6 percent between 1972 and 1974. In 1974 there were 447,000 more union members in Government jobs than 2 years earlier-an 18 percent gain. Most of the increase was due to the successful organizing drives at State and local levels which accounted for 96 percent of the total Government gain. The unions with the biggest gains in the number of new members over the decade were: Teamsters up 466.5. State, County Employees up 413.3. FORD & LIBRARY FRALD Auto Workers up 376.8. Teachers up 344.0. Steelworkers up 335.0, despite a decline of 0.1 million members between 1972 and 1974.